The Sun.
London, England, 1852-12-18 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, Two O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, The market was steady,
but tame, at previous rates. In Railway Shares a
good business was done, at rather lower prices.
The large shipments of bullion to Australia told
upon the amount in the Bank of England coffers
during the week to the 11th inst., and as the gold
dust received has to be refined and assayed before
it is paid into the Bank, the full effect of the latest
imports will not yet be felt. The circulation fell
off in consequence of the increased amount paid in
to the credit of the Government. In loans and
discounts there was an increase, as customary about
the period when the transfer books close. Com-
pared with the previous week the changes are as
follows :
Active circulation

Decrease

... £22,555,570
167,580

Notes reserved.
Decrease

12,415,100
108,640

Bullion

Decrease

21,510,155
298,177

Increase

3,077,217
2,206

Public Deposits
Increase.

7,955,077
317,367

Other deposits .
Decrease

12,507,244
192,059

Other securities
Increase 209,382
There was a slight improvement yesterday after-
noon in the rates at which Bills of Exchange were
negotiated on the principal Continental cities.
A statement has been circulated by the directors
of the Ave Maria Gold Quartz Milling Company,
for the information of the shareholders, and this
appears to be of a very flattering character. In-
deed, the Californian mines are now coming to a
point at which their value must speedily be_ tested.
The rich gold mine in which the Ave Maria Com-
pany has taken an interest, is situated in the
Nevada district, and believed by the directors to
be unequalled. A searching investigation was
entered into by an agent specially sent out, as well
as by the Company's mining captain, and several
other competent miners, and these fully prove the
great richness of the mine. The title is confirmed
by the Government officers and notaries of Cali-
fornia. From Marysville, about 50 miles off the
mine, schooners run to San Francisco ; and between
the mine and Marysville there is a good mountain
road, on which 4,000 mules, in teams and packs,
travel every day—as ready facilities for travelling
existing as in Cornwall. All supplies, &c., will
therefore be very cheaply conveyed.
During the week to Thursday last, 33,122 oz.
and 62,0001. in gold, were exported direct from
London, chiefly to Australia, and a fair quantity of
silver.

The funds have been buoyant, although there is
not much doing. Consols have been up to 100 k to
g- for Account. The New 31 per Cents. have
realised 104 to 104 k, and the 3 per Cents. 101 to
mg. Exchequer Bills are 60s. so 635., and India
Bonds, 80s. premium.
Foreign Stocks have been in fair demand, Grenada
Deferred are 12k to 13k, and Equador 5k to k ;
Brazilian 4k per Cents. realise 98i ; Spanish Bonds
are worth 24g to being dull ; Spanish Deferred
are 50k to ; the Turkish Loan is 1f to 1 prem.;
Dutch 4 per Cents. are 994 to par.
Railway shares are better, but with very little
doing.
The Gold Mines are all very brisk, and have an
upward tendency. Australian Shares are more
sought after than Californian, but the latter no
doubt will have their turn.

The Australian Agricultural Shares have risen
1001. again this morning, being 310 and 335. The
Van Dieman's Land also- are up 100 per cent.,
viz., to 30 and 40, though since down to 27.
Joint Stock Banks are rising.

BRITISH FUNDS THIS DAY.
(From the Official List.)
Business done.
3 per Cent. Reduced Annuities.
New 3/ per Cent. Annuities.
Long Annuities, Expire sth Jan., 1860 6l 7-16
Ditto 30 Years, Expire 10th Oct., 1859
India Bonds, £lOOO BO
Consols for Account lOOl i
Exchequer Bills lid. March. June.
£lOOO 63 60 -
£5OO 63 60
Small 63 60
PRICE OF FOREIGN •FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent. ' 102,1
Ditto 41- per Cent 984
Equador Bonds s} i
Grenada Bonds, Iti per Cent —
Ditto New Deferred, 3 per Cent l27i 134 13 1
Mexican 3 per Cent
Peruvian Deferred 3 per Cent 65
Russian Bonds, 5 per Cent.
Ditto, 4, per Cent.
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent SO 4
Ditto for the Account 50;!-
Ditto Deferred, 3 por Cent.
Ditto for the Account 238
Spanish Committee Cert. of Coup. not fun 3:4 p c
Swedish Loan ' li d
Turkish Loan, 6 per Cent., 1852 l/ i p
Belgian Bonds, 41 per Cet. Ex. 25fr lOO
Dutch Exchange 2i per Cent 6B.f
Ditto 4 per Cent. Certificates...

TWO O'CLOCK.
Consols for Opening 18th January lOO3 gcx div.

COWES, ISLE OF WIGHT—Dec. 17.

(FROM OUR OWN CORRESPONDENT.)

ROYAL YACHT SQUADRON INTELLIGENCE.—The Mar-
quis of Conyngham has sold his schooner yacht Constance,
of 255 tons, to Richard C. Naylor, Esq., of Liverpool, and
has purchased of that gentleman his own cutter yacht
Sultana, of 100 tons. We have reason to believe that
Mr. Naylor has long been anxious to obtain this
splendid schooner, and that he was even in treaty for
her while she was the property of the Marquis of Done-
gall; she is the finest yacht in the fleet.
GAS ACCIDENT.—As some workmen were engaged
this afternoon putting a larger service pipe from the
main to Mr. John Redfern's shop in the High-street, in
screwing it in, the plug was by some means knocked out,
and a great escape of gas occurred. A lighted candle
being near, an explosion took place which shook the
shop-shutters down, the gas setting fire to the silks and
drapery in the window ; fortunately, Mr. Redfern and
Mr. Smith were on the spot, and pulled down the burn-
ing articles, while Captain John Jones, of the Leda
yacht, with great presence of mind, caught up a blanket
and covered up the service pipe, thereby extinguishing
the flame, and the fire was quickly got under, but not
until considerable damage had been done.