The Sun.
London, England, 1852-09-02 00:00:00

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13 123/4

MONEY and COMMERCIAL NEWS,

CITY, TWO O'--
The sales of Cotton at Liverpool yesterdayCLO
were ti-
mated at 8,000 bales, all to the trade. The market
closed firmly. Tho sales comprised 7,000 American. 70
Pernam and Maranham at 61d. to 61d., 60 Bahia at qd.,
800 Egyptian at 7d. to Bd., and 200 Surat at aid. to
48i. per lb.—Railway Shares were quiet, at rather
lower prices.
Besides the arrivals of Gold from Australia noticed
in yesterday's Sun, viz., 15,465 oza. and 50,000!., we
learn that one of Messrs. Marshall and Edridge's regu-
lar traders, the Medway, cleared at Port Philip
on the 27th of May, with 65,051 ounces on board, say
250,000/.
The letters received this morning from the Continent
are not of much interest. The Government of Belgium
will allow salt to bo imported in Dutch ships from
Netherlands' ports on the same terms as if conveyed in
Belgian vessels,
The Amsterdam Stock Market, on the 31st ult., was
without change, but Foreign Stecks drooped a little.
Dutch Two-and-a-Half per Cents. were 64-a.
The question of Life Assurance, and the neces-
sity of some restriction to render it safer, is discussed
in the current number of the Banker's Magazine, and
although we think every possible encouragement should
be offered to new companies, so as to give the public the
benefit of cheapness, arising from competition, there
may be and doubtless is room for improvement in the
management of some offices.
Mr. Thomson offers the following suggestions on
these points, which are worth consideration:—
"It may be premature to attempt to suggest any
practical remedy for the existing evil ; but having ex-
pressed myself unreservedly ou the present state of
things, I shall not hesitate to give my views as to such
remedy. I shall not attempa at this time, to suggest en
entire system, but I shall note the leading features of the
plan I consider essential for what is aimed at, provided
the Government take upon themselves, in any way, the
watching or superintending of such societies.
"1. That the balance-sheets of all life assurance
companies in Great Britain be annually recorded in a
set form, not for the purpose of being made public, but
for the use of the Government and their auditor. That
periodical balance-sheets, having reference to valuations
or investigations, be also recorded at certain intervals,
in such form and with such explanation as shall be
satisfactory to the auditor, and that these be open to
the public.
"2. That all existing offices be required to place a
certain limited sum in the Government funds in the
name of the registrar.
" 3. That before any new society be registered, such
a sum be so invested,
"4. That a thoroughly practical and judicious pro-
fessional actuary, unconnected with any assurance office,
be appointed as auditor, iu conjunction with the regis-
trar, with power to send for persons and documents, and
who shall be in close communication with the Board of
Trade.
" 5. That the Board of Trade, after a report from the
registrar and the auditor, and such further procedure as
may be thought necessary, be empowered to suspend the
operations of any society whose management is disre-
spectable or tending to solvency.
" 6. That the Joint Stock Companies Act is to be re-
vised with reference to assurance companies, or that
a special Act be passed for their guidance.
The now Turkish loan being for such a small amount,
800,000/. in a Six per Cent. Stock, and the list already
closed, will obviously be taken up by the contractors and
their immediate friends, and already bears a high price,
being at 3:1 to 41 premium.
The English Stock Market has been very well sup-
ported, but there is not much doing. Some purchases
for Transfer have been made at par to 100 i, and for
Time they are now 100-1 to /.New Three-and-a. Quarter
per Cents. have been taken for investment at 104 i to
and the Three per Cents, at 1004 to 101. Bank Stock
is worth 229 to 230. The large arrivals of bullion, the
fine weather, and the satisfactory political intelligence
from abroad generally, have all contributed to buoy up
prices. Exchequer-bills of Juno have been at 715., and
India Bonds at 863. premium.
The tone of the Foreign Market is good, although the
dealings have been unimportant in the aggregate. Alexi-
' can have been in request at 25:k to 26k. Grenada De-
ferred have risen to 121 -a, and Peruvian Deferred have
been buoyant at s 591 to 601. The French Government
have followed the example of England, and given public
warning that they will not protect their merchant ships_c
in getting guano from the Lobos Islands.
price of Chilian Stock has
just been run UP,T by some purchases made, I to
2Spanishpar
cent.,
being 72 to 73 for the Three per Cents.
per Cent. Stock is worth 49 to and
11-30
have been done
I,?ferred no-
minally about 224- to 23. Belgian Bor:1a
at 964. Dutch Two-and-a-Half per _ents.. are 64R to
65k, and the Four per Cents. 9a-,-7, to
The Railway Share Market
his
been more elastic,
and in the quotations of the
principal
have risen about 2/.
lines there is an
advance. Lancashire and
Yorkshire
per share, North-Western: York and North Midland 1/,
108., Great Western 103. to
11., Midland 11. to 1!. 10,.
to U. ss.,East Lancashire "s. 6d. to 10s., Caledonian lOs,,
and Great Northern 2/. to 3/. French Shares are very
quiet.
In the miscellaneous market there is some activity iu
the new companies.
The London Chartered Bank of
Australia have ‘
been 2to and the Victoria Docks 4.4
to premium. Gold Mine Shares have been in request
at fully previous rates, especially Colonial and Austra-
lian Cordillera.

rennilii
John Oliver Hanson, Esq ,is the gentleg oa, vglaa
mended by the Court of Directors of the Bank °l,O access°
to fill the vacancy in the direction occasioned by" t'
of Sir John Henry Pelly, Bart. arb tbrete
THE FOREIGN COINERS AT NULL.--"'"- e-a Si'-'
a 13`i Hall
prisoners, Johan Nutzelfaldt, Carl Werner, 3,5,, at the ;,,a
zelfeldt, who have been several times remanne" ::‘,5 foreal,
police-court on a charge of manufacturing ,paru_ssio al%
coin, were brought up again yesterday. The fllii,iwa, and,
vernment has now taken the prosecution in a' a
to sP. e "a
through the consul at Hull, has caused Mr. Hindes a.acel
evi" lag
against the prisoners. IthwOuldhesecerartgba,t)ftnhleandac_t:trties
hardly sufficient to brig
coin, and therefore it fiasobmeeentdetermineed thattheiel'oat4
shall be charged with having in their possession fla!lLt 00111
used for coining. This charge
yesterda.Y, and several witnesses were exatnnLutto, lot_
wasp referred agi:,u.' ,i.b,i
spoke to the discovery of a complete coining anParf their 1,,e„
chemicals and all things necessary for carrying °1,.: of whl,.,
farious occupation, in a house, 108, Osborne' and io waira
\Verner acknowledged himself to be the tenant, a
.131, Nap
the two Nutzelfeldts were found. Several genui!,,,,,era also
]eons, some Prussian, Danish, and American COI
as_,":l iare3:
seized, together with models of these in brass. 1.,',. jaco,bl6,.
sions of them in wax. taken on leather. Mr. ir.' , waiaa..
goldsmith, gave a detailed account of the mann.ealt"er Dear
ad the implements and chemicals were used, spa,,,,,wittia
ing all the evidence, the magistrates decided 00 atu deerOiL4
Joan Nutzelfelt and Werner for trial, and. po,_ 000
the evidence against Maria Sutzelfeldt conclusive
they discharged her. To
THE MILITIA IN ST.
churchwardens of the parish of Asit: Islington, f,ord,
sued a notice to the inhabitants, stating
aura,ryI,SLINGTOS,.."--ave is,
that
to the
,Act
Lieutenant of Middlesex has called their attentionn,
~.., way
of last session, by which it is enacted that volu. re.'st, not
be raised to serve in the militia, and that a 0 .41;:, jupon
exceeding CL is given to each volunteer, and 11..r.genlabto Fre:
the inhabitants that the opportunity thus
itnot be :11
vent the inconvenience of the ballot ahou
.. the pari
glected.
is 246. The quota of men to be furnished LT.
, morn
THE FOOT GUAEDS.—EarIy esterda.Y - • half-
theo men ed their
three regiments of Foot Guards c !It, Gucards, Ist bate-
yearly change of quarters, viz. :—Grenal"`encs.park, to tt,i.
talion, from St. John's-wood Barracks.
lk eiVestminste a
Wellington Barracks, Birdcage"wa—o.:a George's 13arracka,
Bar-
battalion, from the Tower of London, to - st. George's Bar-
Trafalgar-square ; and 3d battalion, front
racks to Windsor by railway. Coldstaean
spark, to Port-
talion, from Wellington Barracks, St. James
Widsor to tbo
S' Ist bat'
man-street Barracks; 2d battalion, from atl
,*alion, win
Tower of London. Scots Fusilier Guards, Ist ha"'
alion, fr°lll
Chichester to St. John's-wood Barracks; 2d batt . e
~,i, by
Portman-street Barracks, Oxford-street, to Chicb
__Bl'slsto
railway. The whole of the troops were in an excellent
of health. that
REFRIEVE.—The Birmingham Gazette states
~,, to
the reprieve in the case of Mitchell, the man sentence sou
death at the last assizes for shooting at his wife, at W 1 of
Green, near Birmingham, was received by the goverleu.
the county gaol, at mantisck, on Friday evening. The „Qr.
fence of the unhappy commuted into one of transr
tation for life. e tl3O
LONDON liosmAr...--A quarterly court OL 1
'
governors of this charity was held yesterday at the thehoof
Sir Edward Buxton, Bart., in the chair. The report of
er
committee of management stated that during the last na3,,rt a
1,044 in-patients had been discharged, of whom 524 oat
been cured, 459 relieved, and 61 had died.
in the hospital at the present time amount to Thethe innulmabt ieery%sl
331, and the out-patients on the books to 9,081. De re ors
alsostated that the financial condition of the institution it
satisfactory, and in conclusion expressed a hope that,l,`,6
subscribers and friends would cont'nue support their support. 1' f
report was ordered to be placed on the minutes, and a °te °
thanks to the chairman closed the proceeding?.
During
NEws FROM THE DIGGINGS —BUNGAY.--- Do
tolfle, past week a poor mau named Wright received frona.on,
howiiis sons in Australia a draft for 3001., with instructio
be
to invest it on his behalf, as the fruits of a few month
labour hi the gold regions. The same letter conveyed tbda
intelligence that the body of another young man namec 1
Kent. also from this town, who had accumulated upvvards_
~'..
100/., had been found iu one of the rivers, stripped of ever?o,
thing, and there was reason to fear that he had met with
untimely end.—Bury Post.
During
AN .ASTONISHING CATCH OF PILCHARDS.--- _t
the past week Mr. John Pengelly, master of a scan-brio;
belonging to the Port Wrinkle Pilchard Fishery Coruna Y,
assisted by an active crew, succeeded in taking the en,l.iy.,o2is,
quantity of 450 hogsheads of pilchards in one shoal. I:1;e,
the largest taking known for the last forty years. The
engaged in the fisheries generally, at Wrinkle, have I.),_elin,
exceedingly fortunate this season, as might be seen by
~1,u0;
condition of the fish cellars in that neighbourhood,' w111,e,",,,,,
the present tune contain a much larger stock of bulb!:
fish than has been stowed therein for the last twenty yew'
Cornwall aazettcs,