The Sun. — 1850-07-15 (London, England)

COMMERCIAL NEWS•  CITY, TWO O'CLOCK. Ergo business was done in Cotton at Liverpool on Saturday, the sales being 25,000 bales, of which 4,500 were taken for export and 13,000 on speculation. Price; were still advancing.—Railway Shares were flit, with a further tendency of prices to decline. Owing to the brilliaut weather and increased arrivals, the Corn Market is very heavy, and Wheat is Is. lower.  The steamer from the United States has not yet arrived. She is not one of the fastest on the line, however, and would proceed from Newyork. _ _  The Ilacaburgh mail of Friday last gives the quotation for Bills on London at 13 8, and the prize of gold at 433. In Exchanges a fair business was doing. Mo. ney was plentiful. .  Accounts from Messina state that the town had extended greatly its commercial relations since it was declared a free port in October, 1848, with England, France, the North of Europe, the ports of the Black Sea, and even with the Unite] States. The commerce of Messina is all conducted within a period of eight months annually. The chief exports are sulphur, oil, silk, linseed, fruit, &c. Its imports are even more important, including colonial produce, hides from Brazil and Australia, cloth from Germany, and the general manufactures of England and Belgium. French fabrics, notwithstanding their superiority, form but a small proportion of the imports, attributable to their dearness. We learn from France that further seizures have lately keen made of British fishermen trenching upon the grounds near Havre. The suicide of Mr. Walter Watt?, formerly of the Globe Insurance-office, naturally excites attention once again to the circumstances which distinguished his career, and in no quarter have we heard a successful att easpt to justify the faulty system pursued at the office, or the neglect of the directors, whereby such enormous fratels could be accomplished, supposing, of course, that they are of the magnitude save It is quite possible that we shall hfar very little more of the matter ; firstly, because whatever loss may have arisen has already been deducted from the profits; and secondly, because the wealth of the company enables it to bear a loss extending over so many years with perfect ease. As a precedent, however, the cate is not one jot the less objectionable, and while such things aro possible ou a small scale Evan, one cannot feel surprised at the announement, ever and anon, of startling frauds committed upon great establishmeats. What we contend is that where a perfset system of booking exists, and directors and auditors perform the duty for which they are puid, such continuous plunder couli not be carried on. Isolated robberies might occur, but they must be quickly accomplished. Thu Funds have been much the same to-day, and the stet 3 of the account, which has to be adjusted on Wednesday, chiefly influences prices. The idea seems still to be that the Bull speculators predominate, and this acts as a check upon the further rise which the abundance if money, the comparatively favourable complexion of political affairs, and the excellence of our revenue, would otherwise be calculated to produce. The French revenue has sensibly improved, and promises well. Consols have been 96,i for Transfer, and 964 alternately buyers and sellers fur August. Bank Stock has been at 211 to 2111. Exchequr-bills are 665. to 69e, and India Bonds 83s. to 89s. premium. The Foreign Securities have been very inanimate again. Mexican Bonds are 30, Peruvian at 814 to 82k, and Buenos Ayres at 56 to 56i. Brazillian Old Bonds have iinprorsd to 93. Dutch Four per Cents. have been quoted 881 and Russian Five per Cents. 1102. Spanish Three per Cents. have remained at 37k, the death of the infant Prince not having had the slightest influence. There is an increased business doing in Railway Shares, but generally at lower rates, as buy ers supply the market, and the half-monthly account is rather bidish. The statements as to dividends, &e., to be made at the next meetings, still cause uncertainty.