The Sun.
London, England, 1852-12-07 00:00:00

- A-731t:1
MONEY AND COMMERCIAL '.kl7ElfS.
•
• CITY, Two •s4CA6ad-S-6A-aN
The sales of cotton at Liverpool yesterday were
estimated at 4,000 bales, all to the trade, the mar-
ket was heavy, and prices of all kinds were
per lb. lower than on Friday last. The sales com-
prised 3,500 American ; 150 Pernam and Maran-
ham, at 61 to 6 ; 50 Bahia at 62 to 6i ; 150
Egyptian, at 61 to 9 ; alid 200 Surat, at 31 to 41
per lb. Railway shares were dull.
The letters and papers by the Canada were de-
livered this morning. They do not add much to
our previous information on commercial topics in
the United States, but the question of reciprocity
with Canada still excited considerable interest.
One party writes from Washington as follows :
" We learn that there was a conference yesterday,
held in the Executive Chamber—Governor Hunt, Mr.
Merritt, long a member of the Provincial Parliament ;
and the Hon. David L. Seymour, Chairman of the Com-
mittee of the House of Representatives, being present—
with reference to the reciprocity question—a matter of
high interest at this time to both countries. It is a sub-
ject which is likely to engage attention in Congress and
out of it during the next session. Several members
of the Canadian Parliament have taken advantage of the
recess to visit the States, with a view to ascertain, as far
as possible, the general sentiment this side the line on the
subject. Among these are Mr. Merritt, Mr. Christie,
M.P.P., and others of the liberal party of the province."
The total estimated expenditure of Canada for
the current year is 774,234/. Bs. 9d., and the total
estimated funds are 1,008,520/. ; leaving a balance
to the credit of the Province of 134,2851. Us. 3d.
The expenses of the Legislative Assembly for the
currant year are 35,9331. Bs. 6d. ; for the Legislative
Council 7,3451. The Militia Staff amounts to
2,080/. ; Pensions 6441. To Hospitals and other
charities 22,0501., and for public institutions, such
as Colleges, Schools, Literary and Historical So-
cieties, Mechanics' Institutes, &c., 4,350/. ; 2,0001.
of this is to the Provincial and. Agricultural Asso-
ciations of Upper and Lower Canada. One of the
most important items of expenditure is, that for
the dissemination of useful agricultural instruction
throughout the Province, and for facilitating im-
migration, for which purpose 2,0001. are set apart.
The necessity for disseminating useful information
in reference to Canada, whose resources are but
very inadequately understood, must ' strike every
one who takes any interest whatever in the colony. ,
The operation of the Bank Act of 1844 is silently,
but surely, proving its restrictive power, as was
always expected, and it is, probably, only the large
influx of gold that has counteracted the effect of
this, in conjunction with the increased facilities
of communication which so greatly economise
labour. The Act of 1844 provides that, if a
Bank fails, its circulation cannot be transferred
to another bank ; and, further, that any bank
wishing to discontinue the issue of notes, can
have Bank of England notes supplied of
equal amount. In all cases, therefore, the cir-
culation given up is not lost. Prior to the 12th
October, 1844, nine Banks ceased to issue—the
amount of their notes being 160,4351. The Cam-
bridge Bank of Humphrey and Son was closed in
1845, and the Western District Bank was dissolved.
The two had not much over 20,0001. The rest
adopted Bank of England notes. Since the Act of
1844, thirty two Banks have ceased to issue,
twenty two of which have failed or been dissolved.
The names are as under :
Whitby Bank, Frankland & Wilkinson ; Suffolk Joint
Stock ; Dover Union, Latham ; Stockton and Durham
County ; Romsey and Hampshire, Win. Footner ; Leeds
and West Riding ; Leeds Commercial Joint Stock ;
Abingdon and Wantage, Henry Knapp • Penzance
Union, Ricketts, Enthoven, and Co. ; Leek and Con-
gleton, Fowler, Gaunt, and Co. ; Salisbury and Ford-
ingbridge, Brodie ; Shaftesbury and Hendon, Brodie ;
Shrewsbury and Market Drayton, Adams ; Honiton,
Flood ; Bridport, Gundry ; St. Albans, Story ; Wrex-
ham, Kenrick ; Yeovil, Batten • Christchurch, Tice
and Welch ; Reigate, Nash ; Bedford, Trapp ; Peter-
borough, Simpson ; Oxford, Morrell ' • Marlborough,
Ward ; Bromsg,rove' Rufford ;Stourbridge, Rufford. ;
Newport, Williams ;Warminster, Everitt ; Stourbridge,
Bate.

The result is that thirty five private Banks have
ceased to issue—the amount being 497,788/. and
six Joint Stock 85,4591. ; total, 583,2471. since 1844.
The Dutch Government expects successfully to
carry out its plan for converting the 4 into 31 per
Cent. Stock. The capital to be dealt with is
252,158,000 florins, and the saving of k per Cent.
would amount to 630,395 florins per annum, or
supposing an allowance of 1 per cent. to be paid in
money to those converting, and the expenses inci-
dental thereto included, the net saving would
be only 504,000 florins. The new bonds issued
at 98 to 99 would soon reach par, it is thought,
because the highest rate of interest paid
on any portion of the Dutch debt, will hereafter
be 3. The bonus of 1 per cent. in cash, moreover,
will be a temptation, as it represents four years of
the per cent. dividend to be taken off: at Ham-
burgh, last Friday, the exchange on London was
lower.
A Memorial to the Sultan lies for the signature
of the Turkish Bondholders, at the office of the
Spanish Bondholders' Committee.
The Roman Emperor, from Sydney, brings dates
of Sep. 2, and 6,400 oz. in Gold. There are good
accounts for one or two of the mining companies.
In Stocks there has been less doing and
the market is a shade worse than yesterday ;
the New 3 per Cents. have been 103/
to 104 ; Bank Stock is steady at 222 ; Consols have
realised 101 i for transfer, and 1011 ff for account ;
Exchequer Bills of March are at 68s. ; and India
Bonds at 80s. premium ; South Sea Old Annuities
bring 99 k.
Foreign Stocks are rather flat. The Ministerial
`difficulties at Madrid 'have caused the Deferred
Spanish Bonds to recede to 24i and 24 ; the
Turkish Loan is 2 premium ; Mexican Bons are
24. to 25, and steady ; Brazilian 41 per Cents. are
97g- to 98 ; Dutch 2 per Cents. brinn. 66k.
Railway Shares have been flatter this morning,
and there has been rather a fuller supply of them
on the market. This is not the result, however,
of sales by real holders, but simply of speculative
dealings, and founded on the temporary dullness in
other departments of the Stock Exchange. Dur-
ing the Christmas holidays, a large traffic may be
expected, and this should give confidence. The
re-action in prices is about to 1 per cent. in the
case of some of the old lines, including Great
Western, Lancashire and Yorkshire and North
Western. Norfolk have risen 21. to 3/. French
Shares are all lower, to the extent of 4 to 5 per
cent. The business doing is very small, and when
speculators realise, there is a difficulty in prevent-
ing a decided reaction.
The Gold Mine Shares have be en in request at
very full prices, Australian tend upwards.
and the
A remarkable advance has occurred in the Aus-
tralian Bank Shares. Australasia have risen Si. to
61. ; Union of Australia, O. to 5/. ; and the New
Banks also are higher.
At the South Australian Copper Mining Meeting
held yesterday, the report of the committee of inves-
tigation was confirmed and adopted. The prelimi-
nary expenses, it was shown, had only been 1,0301.;
the staff and engineers are to start in about 10 days.
The directors have agreed withthe colonial govern-
ment to pay for the passage of twelve men with
their families, at 261. 10s. each, and the remainder
will follow. The cost-book system for the future
operations of the company was adopted.

BRITISH FUNDS THIS DAY.
(From the Official List.)
BUSITICES done.
Bank Stock 222
3 per Cent. Reduced Annuities.. .......•••••' 1004
3Nepw 3
per Cent. Ccoennsto.lsAnAnnnuiutiietsie
............•....
..
..
....
..
..
... .
31
Ditto 30 Years, Expire 12th Oct., 185 •• •
, 66i13716
6
Long Annuities, Expire sth Jan., 1860
• 6 11-16
Ditto 30 Years, Expire sth Jan., 1860
India Bonds, £lOOO
30
Ditto, under £lOOO
South Sea Old Annuities ON
Consols for Account... ...... ....... ••• ••• ••• ••• 104
Exchequer Bills 13d. March.
£lOOO 6B
£5OO
Small ---•
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent. ..
..............
Ditto 4i per Cent
Buenos Ayres Bonds, 6 per Cent..., .74 8
Danish 5 par Cent
Grenada Bonds, per Cent...... ............ 107
......
Ditto New Deferred, 3 per Cent ....
Mexican 3 per Cent ......... • ...
Ditto for the Account
................
Peruvianßus Peruviansian 6Bonds,pe Deferredrnipt3e.pri
Cent
ec. ..
..
..
ent.
per Cent
Ssaipalnsihanßotansd,s, 5
Ditto Deferred, 3 per Cent.
Swedish Loan
Turkish Loan, 6 per Cent 1852
Belgian Bonds, 4A per Cent. Ex. 23fr
Dutch Exchange per Cent
Ditto 4 per Cent. Certificates..

June.

71
Gs 71

24"
loq 6
66A 6
1041
97 611 x
511
24 0
2 1i
2p

99
66?. 7
.. 981
THREE O'CLOCK.
........... 101 t
........... ion

Consols
Ditto January Account ..

—_--- --
THE YELLOW FEVER.—A fatal and malignant case of
yel'ow fever has just occurred at Southampton ,to a man
who had been the second engineer of the La Plata steamer.
He came home in excellent health, but was attacked by the
fever directly after he landed, and he never rallied. It is
said another of the crow has also been overtaken by this
terrible malady, and he now lies in a very precark us state.
THE NEW IMPERIAL CROWN OF NAPOLEON 111. is
said to be not only a master-work of the jeweller's art, but
one which will surpass every royal ornament in its richness
and precious stones. The jeweller, Lemonnier,
hinaspeaberls'
en sent to Russia to purchase various costly stones,
and the Princess Matilda, who has a collection of rare
black pearls, has placed them all at the disposal of the
artist entrusted with the ornamentation of the crown,
which is to be completed by the end of the year.