The Sun.
London, England, 1852-01-12 00:00:00

Agua Fria .....
Anglo Californian .....,
Ave Maria ... • • •• •
Asturn.o
Australis.n ......
13arossa Ruiz° .. • .....
Brazilian Imp , (is. M. p.)
Do. Cocaes and Cuiaba
Do. St. Jelin del Rey..
Cobre Copper • . • •
Copiapo • •
General.....
Mexican& S. American
Nouveau Monde..
Real Del Monte, 'Jung.
Do. Black Debentures.
Do. Red Debentures ..
Sant' ago de Cuba ......

11,4 1 p
% %P
par 4P

3,„ —3%
phi 2
134
21 221:2 xsl
33!. 3.1?.."2
4 5
1(*; 11
4
%

.. - ..
4% - 5

Tin Craft .... •• ....

United Mexican- - ....••

2 174 - 3,4

West Mariposa ........

par i,i dis.

Er glish and Australian Copper, 3% %. Australia',
.0 % prem. 4iGold Mountain, 1-1,, 3-16 prem.
JOINT ISTOCE. BANNS.
all 38 39%
50 4631 49
25 1130 1214
20 25 —26
10 18% 17
20 28% 29%

Auitralasia
British Nort h America ..
Colonial .... ••.. • ....•
Commorcial of London..
London Joint Stoct
London and Westminster
National Provincial Eng.

National of Ireland ..
Oriental Bank Corporat.
Provincial of Ireland• • • •

183 i 17%
30 31!,i x.l
43% —45
15%-1634
35 —30%
3
14% - lb%

Union of Australia .. • •

Union of London •••. ••
ITnion of Madrid •

Canada ..
Gen. Steam Navigation .
/*min. & Oriental Steam.
Ditto ditto
Royal Mail Steam
Settliug days for the mom

SCELLELNEOUS.
32% 48 494
14 27% 28
all 71 —72 xci x.d
10 17% 18% I
x.d
60 78 —79iz
th of January—Ticket days for Registers 0'
29th; Account days, 15th and 30th.
lble for the errors of the Official Lists, and
interested correspondents.]
and from California, via the United States
lue by every American packe

Shares, 14th and
'We cannot be answer

will not be influenced by

CALIFORNIA.—MaIIS to
are now despatched and dl

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of Cotton at Liverpool on Saturday were
estimated at 6,000 bales, all to the trade. The market
was quiet but steady, at previous rates. The sales com-
prised 5,500 American; 500 Egyptian, at 6d. to §d.; and
30 Sea Island, at Is. to Is. 2d. per lb.—Railway Shares
were flat at lower prices.
Tho Wheat Market was very inactivo, and barely so
high.
A statement of the receipts of the Netherlands Rail-
way Company during the year 1851 gives the total at
998,944 francs, and of the Rhenish company at 659,912
francs. Tho number of vessels which last year received
certificates of registration as Dutch ships was 154 of
16,714 tons, built in Holland, and 13 of 1,080 tons built
abroad. The Amsterdam Stock market was more
buoyant on the 10th inst. than it had beer., previously.
Spanish Bonds were in request.
The telegraphic dispatch furnishes all the news we
have up to the present time from India.
The secretary of the Buckinghamshire Railway, Mr.
Edward Watkin, furnishes the following information as
the result of a late tour in the United States:—

" The working of the Massachusetts railways may
perhaps be fairly taken us illustrating the ordinary
mileage earnings and expenses of American railways,
where, from the number of lines open, there is consider-
able competition. The statistics of those roads, as made
up last year (1850) show the following results:—

S. d.

Average gross earnings per mile run ... 6 1
Average expenses per mile run ... 3 7i
Average passenger receipts per mile run ... 5 4
Average merchandise receipts per mile run ... 6 5
Average sum received for each passenger ... 1 8
Average sum received for each ton of merchan-
dise ... ... ... ... 5 3
" I must observe that the sums charged as expenses'
seem to include many items which aro not strictly work-
ing charges.
" The railways in Massachusetts and New York
States are managed with great prudence, and reserve
funds are retained in hand, sometimes to a con-
siderable amount. The same may be said
of many of the companies in Pennsylvania and
elsewhere. But, at the same time, it must
be observed that, in the majority of cases, the policy
pursued is to extract a dividend to the last farthing of
available surplus over working expenses ; and to
trust to the increase of traffic for providing when
the emergency may arrive for the deterioration
of the permanent way, and the rebuilding,
or replacement of worn•out stock. Very few companies
indeed, systematically provide for the renewal of the
perishable parts of their property by the reserve funds
regularly put aside out of the annual revenue ; and the
reason given for the omission is simply that by the time
the permanent way requires a renewal, or timber
bridges and viaducts replacement, the traffic
of the lines will have become so greatly de-
veloped that it will be then more advisable to
enlarge the capital to the extent required, and replace
and renew everything on a more permanent and sub-
stantial scale. Timber is cheap, and the sleepers, or
sill, which costs us four shillings, is to be had for a
shilling here.
" The Philadelphia and Reading Railroad Company,
whose accounts give an extraordinary amount of
valuable statistical detail, have a renewal fund,
based upon an assumed calculation of so much
per ton conveyed. For instance, in the past year
a gross weight of 297,108,427 tons has been taken as
conveyed over one mile; and three half-pence per hun-
dred tons conveyed, or, in total, 18,5681., has been put
aside to meet renewals of road and stock. This is on
ninety-five miles of double line, bearing a gross
revenue of 492,4831. per annum, or 5,1841.
per mile ; which is the largest mileage re-
ceipt in America. The gross expenses of this line
average three shillings and sevenpence-halfpenny per
train mile, and the gross receipts eight shillings and
fourpence-halfpenny per train mile, which latter is an
extremely high average.
" The enormous trains, which carry a load of three
hundred and seventy-two tons of coal, for which the
company's usual charge is five shillings and ninepenee -
halfpenny per ton, for ninety-five mile?, or nearly three
farthings per mile, yield these heavy receipts per mile."
There is a flatter market for Public Securities, the
weather probably having some influence, though the
bold measure of the French President in dis-
solving the National Guard, and the probability of
the Ministry meeting Parliament in their present dis-
jointed condition, are not favourable to prices. Still, if the
speculative account were bearish, as some think
there would be reasonto expect a rally again. Consols
have been 97 and 97/, but are now only 961 The
New Three-and-a-Quarter per Cents. realise 98 to Z-,
and the Three per Cents. 971 to 97/. Bank Stock is
firm at 216'1. Exchequer-bills are 595. to 625., and India
Bonds 70s. to 735. premium.
Foreign Stocks are all rather worse, Mexican have
declined to 291 4. Spanish Five per Cents, are 221
the Three per Cents. 41 to 42, and the Now Deferred
ditto 171 to 17i. Portuguese Four per Cents. have
been at 331. Danish Five per Cents. are 103 ; Rus-
sian Four-and-a-half per Cents. 1001 to 101 ex-
dividend ; French Five per Cents. 103 25, with the ex-
change at 25 30 ; and Belgian Four-and-a-Half per
Cents. 93k.
Railway Shares, both English and French, aro flatter
QUARTER TO THREE.

Consols
Ditto Account •.. . ... 961 i
inunsa FUNDS 'l'lllS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 2163/4
3 per Cent. Reduced Annuities.-- 973/4 %1/2
3 per Cent. Consols Anne. 97 % 96'%
New 314 per Cent. Anus. 983/4 74 %
India Bonds under 1,000/ 7O 73 p
Consols for Account 97% 96%
Exchequer Bills, i 4cl.
62 59 p
1,000/. ...
59 p
500/. ......... .... ............
59
PRICE OF FOREIGN FUN 0
Small ..........................DS AT .
'CLOCK.
Daniitstho,Bs per
sclBen 2
Ditto, t 5, 3 per Cent.2E—O
Mexican Bonds, 1846, ex Jan. Coupons 30 .
Ditto Account
Portuguese Bends, 5 per Cent —
Ditto 4 oar Cent.
Ditto 3 per Cent., 1848 341,E
Russian Bonds, 1822, 5 per Cent 113%
Ditto 4% per Cent. 1001A3414 ex d
Sardinian Bonds, 5 per Cent 9l 90
Spanish Bonds, 5 per Cent,1840
Spanish Bonds, 3 per Cent. .. --
n i
viDdi Ditto, New
on
nw
the Deferredabove
Ditto for the Account .... ...... 411,4 42 ex d.
French Rentes, 5
Belgian 4% per Cent .
103 f. 25c.
Exchange ..
Dutch 93q
21A per Cent., 12 Guild .
Ditto 4 per Cent. Cerbiticates ... —9l
percoeanyta.ble in Loin7dOnl" x d.

LLOYD'S S
HIPPIN—(THIS DAY. G.
LONDON, JAN. 12.—Wind
this day at noon S.W.,
with rain.
DOVER, JAN. 10.—Wind W. to S.W.,
W., strong.—Sld. Resolution, Yieriekvi„, fresh; 1 1 th,
PLYMOUTH, JAN. 11.—Wind E.S.B.'
S.W to S.
Sld. Fiera, St. Michael's. .f, s.rong' —1
CLYDE, JAN. 10.—S1d. Peter Leun, Jamaica; Gla"
gow steamer, New York; Amelia, and May, Boston.
YOUGHAL, JAN. 9.—Wind S.S.E.—bld. Estrella,
Barcelona.
, ,
Madeira. Sid. Avon steamer, West Indies.
SonTHADIPTON, JAN. 11.—Arrd, Brilliant Caldbeek
YARMOUTH, JAN. 11.—The humility, of Lilby, with
a general cargo, is ashore to the southward of the har-
bour, on the outer bank, and sunk; the cargo is washing
out of her; crew saved.
WHITEHAVEN, JAN. 10.—The Lord Algernon, of
Glasgow, from Liverpool to Dublin, was driven ashore
yesterday to the westward of the harbour, and has be-
come a total wreck; crew saved.
DEAL, JAN. 10.—Wind N.W. by W., r.u., fresh and
Mauritius;
dirty; 11th, S.W.,
strong.—Arrd. Japan,
Othello, Newton, Havannall; Harriett Augusta, New
York; Lyra. Arrd. from the River, Trieste, Flora,
Leghorn; Emilia, Bilbao. Sld. Independence, New
York; Lady Rebow, St. Michael's; Thecla, Ahr:andria.;
Propontia steamer, Cape
Sydney, New South Wald,; Comet, Madeira; Frithjof,
Ilavre, and Linn. of Good Hope; Achilles,
LIVERPOOL, JAN. 10.—Wind E.; 11th, W.—Arrd.
Valiant, Jonny, Demerara; John and Mary, Newfound-
land; rrince Albert, Young, Rio de la Ruche; Zenobis,