The Sun.
London, England, 1852-03-01 00:00:00

Agua

Adgio autornian
Asturian . • • • •• • • •• • • • •
Australian •• • . ••,• ••
••
Ave Maria ... ••.. • •
Blaenarvon Iron & Coal
British Australian Gold
British Iron .. .
Brazilian Imp. (is. 51. p.)
Do. Cocaes and Culaba
Do. St. John del Rey • •
Cobre Copper .•.• •• •••
Copiapo .. •••• • • •
Ens. & Australian Copper
Genera 1.............

Gold Mountain •••• • ••
Great Polgooth • •• • •
Mexican& s. American
Nouveau Monde ...... ••
Santiago de Cuba .. • • ••
Tin Croft •• .• •• ...• ••
United Mexican••.•••••
West Mariposa .. •
3'0X7.711

Arudralasia .... • • • • •• • •
British North America..
Colonial .... •• •••• • • • •
Commercial of London..
London Joint Stock ....
London and Westminster
Netional Provincial Eng.,

De. New .... • • • • • • • •
National of Ireland .. • •
Oriental Bank Corporat.
Previncial of Ireland • • • •
Union of Australia .. • •

Union of London ......
Union of Madrid .... - -
MI!

Canada ...• •••.• • • . 1
Gen. Steam Navigation .l
Perin. & Oriental Steam.

Ditto ditto
Royal Mail Steam .. •• ..

[We cannot be answers
will not be influenced by

MONEY and COMMERCIAL NEWS
CITY, TWO O'CLOCK.
The Cotton Market at Liverpool closed steadily on
Saturday. Sales 7,000 bales, at previous rates.—ln
Railway Shares a good business was done, at higher
prices.
At length the doubts and fears as to Californian land
titles are likely to bo cleared up, and, we trust, in a
manner to prove satisfactory to the parties interested.
From an early period after the introduction into England
of the gold-mining companies, suggestions have been
made as to the importance of demonstrating whether the
Mexican grants conveyed the right of mineral as well as
soil, and no one has stepped forward to meet the diffi-
culty; while the contest between the different agents of
Colonel Fremont, the sale of his
_Mariposa property to
Mr. Sargent, the alleged desire of many parties in the
United States to have the mineral preserved to the
Government, and the loose manner in which large
amounts have been given fur concessions, have kept alive
a feeling of anxiety and done injury to all these specula-
tions. It appears that the American Government, im-
pressed with the belief that there was some reservation
in the Mexican grants, and that even the right to the
soil would prove to be founded upon defective premises
in many cases, sent a special agent, Mr. Carey Jones, to
inquire into the matter and report upon it, and his de-
tailed statement, printed at Washington, has just reached
England. Mr. Jones asserts unequivocally that Mexico
has not reserved the mineral; consequently, it the
American Government confirms the title, it confirms the
right of the owners to every thing in, above, aid below
their land; and, as Mr. Jones strongly recommends that
the claims should be recognised, we assume that they
will be, for after all they are not, in comparison with the
extent of the country, very numerous. Mr. Junes goes
on to state:—
" The grants in California, I am bound to say, are
mostly perfect titles; that is, the holders possess their
property by titles that, under the law which created
them, were equivalent to patents from our 'Government;
and those which are not perfect—that is, which lack
some formality or some element of completeness—have
the same equity as those which are perfect, and were
and would have been equally respected under the Go-
vernment which has passed away. Of course I allude
to grants made in good faith, and not to simulated
grants, if there be any such, issued since the persons
who make them ceased from their functions in that
respect.
" I think the state of land titles in that country will
allow the public lands to be ascertained, and the private
lands set apart, by judicious measures, with little diffi-
culty. Any measure calculated to discredit or to be
distrusted, the general character of the titles there,
besides the alarm and anxiety which it would create
among the ancient population and among all present
holders of property, would, I believe, also retard the
substantial improvement of the country; a title not dis-
credited is not destroyed, but everyone is afraid to
touch it, or at all events to invest labour and money
in improvements that rest on a suspected tenure. The
holder is afraid to improve; others are afraid to pur-
chase, or if they do purchase at its discredited value,
willing only to make inconsiderable investments upon it.
The titles not called in question (as they certainly,
for any reason which I could discover, do not deserve to
be), the pressure of population, and the force of circum-
stances, will soon operate to break up the existing large
tracts into farms of such extent as the nature of the
country will allow of, and the wants of the community
require; and this wader circumstances, and with such
assurance of tenure, as will warrant those substantial
improvements that the thrift and prosperity of the
country in other respects invite."
Those who think we can fully employ our surplus cash
at home, will see with regret the details of moneys paid
out of the Consolidated Fund for interest, and Sinking
Fund on that part of the Greek loan guaranteed by Eng-
land, the total being 408,8471., of which only 31.8841.,
has ever been repaid, viz., 23,3431. in 1847, and 7,7401.
in 1848. In the year 1843, we paid 33,58314 1844,
46,7841.; 1845, 46,4971.; 1846, 46,4971.; 1847, 47,1881.;
1848, 46,7491.; 1849, 47,049/4 1850, 46,9551.; and 1851,
47,5411., and this is the Government taken under the
tender care of Lord Palmerston'a enemies. To us it ap-
pears high time that a gentle pressure from without
should squeeze at least some instalment annually out of
Otho's Government.
By the steam-ship Europa we have accounts from
America to the 17th ult. , The Stock Market at Now
York had been scarcely so good, and the exports of
specie were inducing caution, although the arrivals con-
tinued large from California. The El Dorado had
brought nearly a million of dollars in gold duet. The
advices from the mining districts continue favourable.
A summary of the circulation of the New York banks
gives the total resources at 94,067,898 dollars, on the
27th Dec. last.
A statement appears in the New York papers to the
effect that three Commissioners were to proceed to
California to investigate the land grants, and that the
Mariposa grants were likely to be resisted. This, after
the official report already made to the Government by
their first agent, Mr. Jones, and above alluded to, seems
to be a loose statement, but it may be correct that a
few "squatters" look with a longing eye to that rich
tract.
Quartz mining in California was likely to progress.
One local company, the " Gold Still," had, with most
rude machinery and very high wages, managed to pay a
dividend in four months of ten per cent. on the capi-
tal, and others eleven to fifteen per cent. in a shorter
time.
The Buenos Ayres accounts of the 20th December
state that matters were fast approaching a crisis. Ur-
quiza had: passed the Parana with a well-appointed
army, 20;000 strong, and expected to be vastly increvied.
In Roses army there was great disaffection. The
President had laid waste the country through which
Urquiza would pass, and it is asserted that one townano_
10,000 inhabitants had been levelled by his or
ade_rt,woods
the women and children obliged to take refuge i
Ayres, while all the men were impressed.
there
ofPa-
name
serious fire had occurred at San Juan de
Nhi caadr a
beengua
destroying a third of the town, and
another revolution in Nicaragua. The isthmus
name was crowded with emigrants.
ties were not brisk, but foreigh
quiet, and there is
In the Amsterdam market on riaitnurfad
va LI!
The Stock Market is exceedingly ome Securi-
no specar have had no effect
breaking out of Rooth
are
97*1.
The New Three-and-
Eastwlndia advices of the
speculation. Even
upon Consols,
asvaetre2asl9l s. e d
Exchequer-bills
hteoqiu,e
ra-nbdi
itsh
aree Three
h6roe:
Bank Stock is as:high as 2191. East
her Burmese the
per Cents.,
India Stock
remains
Bonds 71s. premium.
Quarter pe,r4ewtnronth9ssi.seill.:
to 635., and In
The whole
activity of the speculators seems to be
"
directed to foreign investments Grenada Deferred
'Lye risen to 11 and 11*, and Equador to 5 and 54.
Buenos Ayres is as high as 59, although the war is
not yet ended. Chilian have risen to 105 and 107.
r3e3ss,torefe.eiveTdhteo-Pdraeys,id;tnilt
in his address to the Cong l Mexican have been done a
t
dwells upont
does the necessity
notcess't
y of increased taxation,
butthe deficiency seem to be large, if tho
extraordinary income be brought into the account; and
the creditors here are lookin for • the discount by Messrs.
g
Barings of the inde • Five per
indemnity money. Spanish
Cents, have been 23i to 241, and the Three per Cents.
41-i. The New Deterred are 184, and the Certificate is
14. Venezuela Bonds are up to 381 and 39, and the
Deferred, 15i to 161. Portuguese Four per Cents. are
32:1 to 33i. Sardinian Bonds are steady at 88i to 894.
Belgian Four-and-a-Half per Cents. have been 904 to
91; and Deitch Two-and-a-Half per Cents. 594 to 4,
Peruvian Active Bonds have ascended to 1044 and 1051,
Railway Shares are again advancing, the average rise
being 4 to 1 per cent.
Gold Mine Shares are all flat, and the favourable ae-
d them.
counts have not bonefi
teQUARTER 7'O THREE.
Dirtso,s 97i
t March 11
o Accoun , 4
ND rlll5 DAY ATO'CLOCK
Bur" 511 c FrSom the Official ListO.)NE

I,',anit :z,t,ock 21914
Bir Cent. Reduced Annuities....,,,, 9733 98
3 per Cent. Consols Anne.......... 971/814
New SM per Cent. Ann,
~orig Annuities, Exp. Jan.stl9, 1860 7 1-16
India Stock 259
India Bonds under 1,000/
Console for Account 97%
Exotvsauer. Bills. 11,4 d.
10001...,,.., CO 63 p
00i.
.... .....- —
... —. 60 63 p
..... ••••
Small — 60 p
)?RICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds 6 per Cent.... 571/, 59
Chilian Bonds, 6 per Cent ......... ~ 105 107
Equador Bonds
Grenada, 1% per Cent. .........
Do. Ex Dec. Coupons 1849 25
Ditto Deferred
Mexican Bonds, 1846, 3 per Cent n3
Ditto Account
Peruyian 13(410, 5 por cent 105!-4 1041% 105