The Sun.
London, England, 1852-02-06 00:00:00

1tT.177131ff.

Paid, Nominal Prices. Buatness uerto.day.
Agua Fria 1 214 2%p 3% ,S
Ang.o Californianlos. % 1 p
Australian • • 5 ae •,(3
Ave Maria ..... •• •. 1 )4 dis —sg p 1
Blaenarvon Iron & Coal all •. —••
British Australian Gold 1 % dLs par 1
British Iron .• •• • • 131. Is.
Brazilian Imp. (is. Si. p.) 24% 1% 2
Do. Cocacs and Cuiaba all —1%
Do. St. John del Rey.. 15 22% 23%
Cobre Copper • • .... .• • 40 33 —34
Copiapo ..... •• •• • 14 4 5
Eng. &Australian Copper 2% )4 p x,n Z• 111
General., ••••••• • • • •• all 93' 10)4
Gold Mountain •• ••.. • • 1 4 - P
Great Polgooth ...• .. • . all par p
Mexican& S. American y 3% 4
Nouveau Monde ...... • • 1 % P
santiago de Cuba .... • . 10% 4% 5
Tin Croft •••• •• ...... • • 7 9 —lO
United Mexican • • • all
West Mariposa ••••• • • • 1 % 1
.TOZNT STOCZE BANES.
Aeatralasia ........ •• • • all 38 39% 38
British North America.. 50 46% —4B
Colonial • • .... 25 11% . 12%
Commercial of London.. 20 24 —25 U,
London Joint Stock .... 10 18% 17%
x.d
London and Westminster 20 29% —3O
National Provincial Eng. 35
Do.
National of Ireland ...• 22% 17% —l7
Oriental Bank Corporal, all 30 311,1 x.d
Provincial of Ireland.• •• • 25 43% —45
Do• Near •••••• • • • .. all 15% 16%
Union of Australia
...• all 35 36%
Do. NOW ........ •... 2% 3 —3%
Union of London ••10 14% 15%
Union of Madrid •—•- all
IVIZSCEIZANEOI3I3.
Canada •••• • • • • 32% 48 49%
Gen. Steam Navigation . 14 2734 —2B
renin, & Oriental Steam. all 70 —7l x.d
Ditto ditto 10 17% —lB
Royal Mail Steam •••••• 60 77 7814

'EOI7/3.
48 49%
27% 28
70 —7l x.d
173 18
77 —7834
,e errors of the Official Lista, 1114
1 correspondents.]

Ditto ditto
Royal Mail Steam .....
(We cannot be answers
will not be influenced by

Lble for t'

MONE Y and COMMERCIAL NEWS'
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 7,000 bales, of which 1,000 American were
taken for export. There was much Cotton offering, and
prices of American were 1-16 d. in favour of buyero:
The sales comprised 6,000 American, 250 Pernaru and
Maranham at 51,1. to 64d., 150 Bahia at 5-ad. to 6iclje
150 Egyptian at 6cl. to 9d., 500 Surat at to 4d., and
80 Sea Island at Is. 2d. to 2s. per lb.—ln Railway
Shares only a moderate business was done, and the
market closed steadily.
The amount of Produce brought to auction this week
has been a full average; and this has kept buyers !
little in check for Sugar. Coffee is very dull, and
holders have not passed sales. Saltpetre has been in re'
quest; Rice is wanted, and Cotton, though quiet, bas.
been at full rates. Ccchineal had risen 6d. per lb. last
month, but has since declined Id. to 2d., so great en ad-
vance not being justified, as the stock is large and con'
siderable supplies are expected. Dyes and dyeing
materials have been in fair demand. Indigo has been
steady, and Lac Dye at full prices for the superior, but
less for the inferior. Taking the past month, the ins'
ports of Produce have been large, and generally the
stocks show a corresponding increase, but the deliveries
continue on the same satisfactory scale. The Conti
nental Markets are below ours, and orders thence are
not at present executable.
Messrs. Walter Howell and Hall state that the " mar-
ket is nearly cleared of the lower descriptions of Sheri'''.
Wines, and we are happy to find that in consequence or
the advance in prices in Spain last year, none of the re'
spectablo shippers will (and others cannot) encourage
the importations into this country of Wines, altogether
regardless of quality. Port Wine is quiet, with every
appearance of young wines becoming slower in price.
The uneasiness in the Douro caused by the unprofitable
trade of last year must ultimately prove advantagemle
to purchasers in this country. Old tawny Wines, how-
ever, are more sought after, and we fear as the atee''e
this description of wine decreases for some time to ee,,—,
fc
shows an increase this year of 1.244
present quotations will be fully realised. The stock
shows no corn'
pared with the sense period in 1851."
The honorary secretary, Mr. Francis Lyne, has per'
formed a most acceptable service in forwarding to the
General Committee for promoting Tribunals of Com-
merce a translation of valuable documents received from
the President of the Tribunals of Commerce in Paris,
and we quite acqniesce in the general opinion which
Mr. Lyn° mentions as prevailing, that the time has now
arrived when this subject should be brought prominently
under the notice of Parliament. A very interesting
portion of the letter received from Paris is that which
describes the functions and organization of the Tribu-
nals in France, and the commercial public are much in-
debted to the able functionary who has so obligingly
furnished the information. It is a strong testimony to
the good feeling prevailing between men of business en
both sides of the Channel. The following extracts era
well worthy of perusal:—
" The Consulary tribunals in France are tribunals of
exception, charged with the application of laws made
especially for commerce. It is to this particular condi-
tion, that all the services they are called upon to render
are reported. If commerce were governed by couinthb,
law, it is at least doubtful whether the intervention or.
merchants in the jridgm, nt of t heir own affairs, would bee!
any great advantage; in that case common judges would
be sufficient. But, it has long since been acknowledged
that the common law is not always sufficient in commer-
cial_pi transactions; that in contracts, which spring from the're
as a consequence, there is something more than the under
literal sense of the agreement, which is always to be tin
the power of certain and particular usages, infinatelY
vary-
ing according to places and circumstances; but those usages'
although they cannot be ex resod in the contract, are,
nevertheless, one of the principal causes of the consent
the contractors; and, in consequence of being, as it were'
a part of the contract itself, it becomes necessary to ap-
preciate the importance of it, withcut the apparent act.
In that case the intervention of merchants becomes 11°.."
only an advantage but almost a necessity; for no one can
better appreciate those usages in the midst of which
they have passed their whole life. The creation of con'
commerce
sulur•judges, which afterwards gave place to tribunals °f
commerce, Was the consequence.
" An important derogation from the common law we
in France, the first motive for their creation.
"In civil transactions written agreements only are
admitted; the proof by witnesses must be authorised at
the commencement of the case by written proof, and the,
inquiry cannot be made, but upon the facts recognised
by the judge, who determines in the judgment which
authorises the Inquiry.
" It very soon became recognised that such a colree
10
of procedure could not be advantageously applied
commercial transactions the greater portion of which
is performed verbally, and can only be confirmed ti
those who have been present at the
stipulated contract'
It is necessary then to accord every facility for thekl.
titication of these transactions. Hence the right of in-
quiry, and proof by the most extended means, witho2t
the commercial judge would be forced to confine himself
within the conditions recognised by the civil law.
"If in civil affairs prudence can command certain
de-
lays, it has been found that these delays wore always en
obstacle, frequently also a cause of ruin in commetilctal
~,,..,
into
rthenedperrocaedzeisi
business; the. consequence has been such a simf phliefic Dv'
judge
parties
civil courts, can, contrary to the practice before the
to support their
ap-
pear themselves in person at tb
defence. The service
own demands, or oppose in their
the number of
of the cousulary judges are. gratuitous,
thaton aitlmcaonstbeiminmet:de!:pteeryer °The
of cases brought before it.
cording to the number
is composed ofpresident,
one
" In Paris the court
members of which each tribunal is composed varies so-
Their labours
two distinct sections One section is
are divided into
other of
that of the audiences, the that the bankruptcies.
The oirc
• ular of Messrs. Schroeder, and Mummy, Pub-
ten judges, and sixteen assistant judges.
lished by Mr. James Irvine, of Liverpool, gives the
following particulars of the Cotton Market at New Or-
leans on Jan. 10:
.. since cur report of the 27th ultimo, our maket
been marked by continued firmness, and gradually lat."
proving rates, in consequence of later and more trap'
Fectation which is
egainingspe ground,ended.
Tt hhaet politicalbu
quillising advises from Franco and Liverpool; the ex-
been again furthers
in France will now fora time remain has brought
quiet, . e have,
out orders, the execution -
of which must otherwls
done
f
during the past fortnight has amounted to 74900' of
which 32,300 during the first, and 47,600 during this
week—prices
middling, an
ranging from 7 to 7,lac. for
closing firm at 71c. for tolerable even.running lists,
which sinesa affairs
d
aro few on the market; our best qualities are
still more or less leafs-, and quite a largo proportion of
•
our receipts is very much so, classing from ordinary to
trill
t low middling, and middling of good staple. Our -r
butaries are now partly open, and larger arrivals may
,
ho looked for soon, but considering the generally goo_
feeling for Cotton, we do not anticipate any material re'
duction in prices, and would not be surprised to see
further advance secured under the excitement of
the
present steady, large demand. We quote ordinary to
good ordinary 6i to 61, low middling 7he middling
good middling 71 to 71, middling fair 8 to 81, fair 9
to 81. Sales during the fortnight, 79,900 bales.
ceipts at this port, 575,686 bales, against 432,672 bales
last year. Increase of receipts at all ports, 65,746
Increase of total exports to Great Britain, 64,660 ba!e.°•
~
Decrease of total exports to France, 10,350 bales, add '"
other foreign ports, 17,599 against last year."
The market for Public Securities has been very_
buoyant again, and there is an increased business lur
money. Consols have been quoted 96:1 to 961 for
Transfer, and 961 a for Account. The New Three-anus
a Quarter per Cents, have been 981 to le and the Three
per Cents, 97i to Exchequer-bills have been up to
635. and 64. e. e,
and East India Bonds 71s. to 725.
present Consols are 961 for Transfer, and 961 for
March 11.
Foreign Securities have been more buoyant. Spanish
Five per Cents. are up to 2.3 i and and the Three Per
Cents.
Cents. to 403- and 41. Portuguese Old Five per
have been at 92 to 4. Equador Stock is down, being
31- to 4. Grenada Deferred Bonds have been at 6. I
Mexican there is a further rite, and the feeling is
favourable to continued improvement, whether real or
speculative
remains to be seen. The range of prices
if
has been from 32.1 to 3288. Dutch Two-a-lle
per Cents. have advanced to 581. A bargain
has been
at l'1•
Certificate a
effected in the Spanish Committee's
Railway Shares are looking up, and rather advanced
rates have been obtained generally. The business has
lines barn been
however, not been large. The French

also firmer.
Gold Mine Shares are advancing. Agus Fria

Anglq-Californiau are each better.