The Sun.
London, England, 1855-02-28 00:00:00

THE SUN, LONDON. WEDNIESDAY EVENING, FEBRUARY 28, 1855.
MAR

24 ON E MA it K E T

S HAR
(TEiIB DAY.)

KETS.

courtbiafttioit

EMPERIA

AND
COMMERCIAL INTELLIGEN( E.

CITY, TWO o'CLOCK.
The cotton market at Liverpool yesterday was
weaker as regards the quotations. The sales
amounted to 5, 000 bales, including 230 Pernam
and Maranham at sd. to 7d., 200 Egyptian at
sid. to 8-P., and 400 Surat at 3d. to 3id. per
lb. The Railway Shares, with the exception of
Caledonian, were in good demand ; but no ma-
terial alteration occurred in prices.
There are numerous arrivals this morning from
Australia, the latest Melbourne dates being
Dec. 5, but the letters and papers are not all de-
livered, as some of the ships are merely tele-
graphed. The Chilian, from Adelaide, Oct. 2,
brings 5,000/. ; the Mario Polo, from Melbourne,
has 56,894 ounces and 4,250/. in gold, and the
Kent 65,000 ounces. The accounts as to trade
and the import markets appear to be of the same
complexion as before. The excessive quantity of
merchandise on hand can only be worked off after
months of comparatively limited arrivals. That
British capitalists, however, hare not had all loss
on their side, the following statement from the
Argus newspaper will show :
" Our paper supplies a remarkable contrast in the
results of two different modes of investing English ca-
pital. One is an investment to the extent of some 25
millions sterling in British merchandise, consigned to
this market for sale and returns. This investment has
resulted, on the average, in a disastrous loss, simply
for this reason, that the parties interested were ignorant
of our actual requirements, and did not know what to
send nor when to stop. The other investments is fn
banking operations to a very limited amount. The total
capital of the whole of the English banks in the Austra-
lian colonies is less than 2,500,0001., yet upon this
they have derived profits during the past year,
so far as ascertained, amounting to nearly 500,0001.
or 20 per cent. for this colony alone. From the other
colonies they may probably calculate on 20 per cent.
more, so that the total revenue derivable from the Eng-
lish capital invested in Australian banks is 40 per cent.
But after all, the money is not invested in Australia.
It is invested in the British funds, from which the
shareholders derive an additional 3 per cent. Let
British capitalists think well of these facts. They em-
body a most important lesson, which may be thus stated :
—This new country affords a finer and more profitable
field for the employment of capital than any other in the
world, but the investment must be judicious and by tho-
roughly trustworthy agents. In the colonies the inhabit-
tants do not readily invest in banks, because private enter-
prises, under their personal superintendence, are more
profitable. So, in like manner, if the English capitalist
could combine colonial skill in the management of uv
colonial enterprises, he could at all times realise even
.40
larger profits than those accruing to the banks. We
2545
throw out these remarks merely as suggestions at pre-
sent to English capitalists, and request them to study it
the capabilities and resources of this country. At a 8121
future time we shall more distinctly point out modes of St.
investment which at once must advance immeasurably St.
the progress of this country, and at the same time, rea- 50
lise to the shareholders profits which, we beleive, will 25
completely eclipse even the large profits of the Australian 100
banks." 6-

THE WAR.

DAY OF HUMILIATION.

(FROM A SUPPLEMENT TO LAST NIGHT'S GAZETTE
PROCLAMATION FOR ENGLAND AND
IRELAND.
By the Queen.
A PROCLAMATION FOR A DAY OF SOLEMN FAST,

HUMILIATION, AND PRAYER.
VICTORIA R.—We, taking into our most serious
consideration the just and necessary war in which we
are 'engaged, and putting our trust in Almighty God
that he will graciously b'ess our arms both by sea
and land, have resolved, and do, by and with the ad-
vice of our Privy Council, hereby command, that a public
day of solemn fast, humiliation, and prayer be observed
throughout those parts of our United Kingdom called
England and Ireland, on Wednesday the twenty-first
day of March next, that so both we and our peo-
ple may humble ourselves before Almighty God,
in ordtr to obtain pardon of our sins, and in the
most devout and solemn manner send up our prov-
ers and supplications to the Divine Majesty, for
imploring his blessing and assistance on our arms for
the restoration of peace to us and our dominions : and
we do strictly charge and command, that the said day be
reverently and devoutly observed by all our loving
subjects in England and Ireland, as they tender the
favour of Almighty God, and would avoid His
wrath and indignation : And, for the better and more
orderly solemnizing the same, we have given direc-
tions to the Most Reverend the Archbishops, and the
Right Reverend the Bishops of England and Ireland,
to compose a form of prayer suitable to this occasion, to
be used in all churches, chapels, and places of public
worship, and to take care the same be timely dispersed
throughout the respective dioceses.
Given at our Court at Buckingham Palace, this
twenty-eighth day of February, in the year of our
Lord one thousand eight hundred and fifty-five, and
in the eighteenth year of our reign.
GOD save the QUEEN.

The intelligence received to-day from New
York, by the steamer Africa, is more favourable
with regard to the money market, and the effect
was visible in the activity of the speculation in
stocks. At the latest date, however, these were
rather heavy. The following, by a local writer,
is interesting :
" The news from Europe is not so favourable as specu-
lators for a rise expected, and the market receded under

TAM ENT.

HOUSE OF LORDS-(YESTERDAY.
ROYAL ASSENT.