The Sun.
London, England, 1852-10-19 00:00:00

MONEY AND COMMERCIALNEWS.

CITY, Two o'CLocK.

The sales of 'cotton at Liverpool, yesterday, were
estimated at 10,000 bales, of which 500 American,
and 500 Penams and hlaranhams were taken for ex-
port, and 2,000 American on speculation. The mar-
ket closed firmly at previous rates. The sales com-
prised 7,000 American, 800 Penams and Maranhams,
at bbd. to ni.; 70 Bahia, at 6'45d.; 800 Egyptian,
at 54d. to 6d.; and 1,500 Surat, at to 541. per
lb. in Railway Shares a good business was done at
higher prices.
At the indigo auctions 2,089 cwt. passed yesterday,
of which 798 were withdrawn, 540 bought in, and
751 sold at rates fully equal to those of Friday ; 400
cwt., Madras, only partly sold from 4i. to Bd. advance.
The railway meetings announced are the follow-
ing
Aberdeen, 21st October, Radley's Hotel; Dijon and
Besancon, 26th October, Paris ; Great Indian Pen-
insula, 29th October, office ; London and South
Western, 26th October, London Tavern.
The directors of the North British appear to have
been wrongfully taken to task for not paying the
dividend on the Preference Stock. In truth, how-
ever, they have no option in the matter ; one of the
original shareholders having initiated proceedings in
the Scotch courts to restrain such payment. We are
told that, if the opposition be persevered in, the suit
may last two years. Really, such frittering away of
means is much to be deplored.
In making a call of 10s. per share (making 8/. 17s.
paid), due the 15th November next, the directors of
the Fleetwood, Preston and West Riding Junction,
annex the following :
" I am instructed to inform you that the Longridge
Company, having refused to carry out the recent agree-
ment, by which four-fifths of the profits of the line
were secured to that company, and one-fitth to this com-
pany, and having insisted upon the full rent of 3,0001.
per annum, your directors thought it inexpedient any
longer to work the lice, or to pay such rent out of calls.
This determination induced the Longridge Company to
re-enter upon their line leased by them to this company,
consequently this company is released from the liability
of 3,0001, per annum.
" The present call is made to pay the large balance
owing to the bankers, and entirely to free the company
from debt. Unless some arrangement should be pro-
posed, obviously for the advantage of the shareholders,
the directors believe that no further call will be re-
quired."
The Committee of Spanish American bondholders
received this morning the subjoined communication
from Mr. Mocatta, their agent, dated " Guayaquil, Ist
September, 1852 ":
" I have the honour to inform you that the National
Assembly have elected:General J. M. Urbina,,President
of the Republic, and that he will take the oath of his
high office tomorrow. I deem this favourable, as I
have reason to believe his views are favourable towards
a fair arrangement of the Foreign Debt. The Assembly
will now proceed with financial matters, and I am in
communication with the " Committee of Public Credit,"
who, I am happy to say, are recommending a measure
to give the executive ample powers to treat with me. I
shall within a fortnight have the advantage of Mr. Cope's
assistance, as he is coming from Queto, of which I shall
avail myself of, whenever I deem it essential so to do.
I shall now have a constitutional government to treat
with, which has not been the case until now, thus the
cause of delay in my proceedings. I have nothing fur-
ther to communicate at present, remaining, &c.
E. MOCATTA.

By the British barque Enterprise, 35 days from
Port Philip to Valparaiso, we have dates to the 28th
July. This vessel had been sent over in ballast, for
the purpose of procuring flour and provisions. The
mines continue to increase in richness and quantity
of gold, and further discoveries were making in all
directions. Provisions of all kinds were scarce and
high, and it was thought that large importations
would be required to meet the demand of the present
emigration.

The English Funds are very buoyant. Consols
bring 1001 to for transfer, and 1001 to for Account.
The New 3+ per cents. are 103+ to Bank Stock
is 222 to 224, being still rather flat on account of
sales. Exchequer Bills are 763. to 78s. premium.
Foreign Stocks are generally lively, but Spanish
Deferred have not quite reached yesterday's rates,
being 251 /. Mexican have advanced to 25 to 25i ;
Buenos Ayres are in demand at 78 to 81 ; Turkish
Loan is fluctuating, but on the whole better, being
5i to 6. There is some uneasiness concerning Minis-
terial changes at Constantinople, but the contractors
are stated to have convinced the committee of the
Stock Exchange that they had full authority to make
the loan in the way they did.
The Spanish Bondholders' Committee are very pro-
perly, discussing the expediency of moving again to
promote the claim of the coupon holders.
Railway shares continue very good, but there is not
so much doing. French shares are buoyant. Gold
mines are in favour still.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
(From the Official List. )
ask.
PRICE 3 OF BRITISII FUNDS O'CLOCK.
Bank Stock .......
3 per Cent. Reduced Anne. a %
3p tr Cent. Console Annuities lOOl4 Ix,
New 31.4 per Cent. Anna 103%
India Stock
India 1,000/.
South Sea Stock
Ditto Old Annuities
C ;mole for Account ..
',Cxcnequer Bills. 140. March.
1,0001. ..
5001.

CLOSING
PRICES.

Smatll,

CLOSING
PRICES.

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
Brazilian Bonds, Small
Buenos Avres Bonds, 6 per Cent.... 78 81 79
Grenada Bonds, Deferred........... 211/2
Mexican 3 per Cent 251 5 251/8
Peruvn. Bonds, Deferred 3p. Cent lO3
Rnssian Bonds, 1822, 5 per Cent llB% 1183/4
Ditto. 44. per Cent
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent 51.93 51% 3,8
Ditto New Deferred, 3 per Cent 255/Ei 3/4 26 51 3/1
Turkish Loan, 6 per Cent., 1852 434 6 5% 7:3i 61% 5%
French Mantes, 4% per Cent. losf.
Belgian dond3, 5 per Cent 98378
Dutch Exchange, 21,4 p. Ct. 12 Guil 65 65 IA
Dutch Exchange 4 p. Ct. Certificates 96 963/a %
Ditto 80nd5....... 95% 9558 6
QUARTER TO THREE,
... 100 i i
... 100}

Consols •••
Ditto Account. Nov. 13 ...

TIIE COTTON TRADE.

We have received through favour of Mr. James
Irvine, Liverpool, the following report
NEW ORLEANS, 25th Sept., 1852.—The inquiry
during this week has been quite animated; factorsmeet-
jog the demand freely, were enabled to recover a part of
the decline of the previous week, and to maintain prices,
notwithstanding the heavy receipts, stiffening freights,
dull exchange market, and unfavourable accounts by the
last two steamers from Liverpool. Saturday, 2,000 bales
were sold; Sunday, the Pacific's advices were received;
Monday, the sales were 6,0 t) 0 bales,with firm prices; Tues-
day, rates stiffened and 5,000 bales were sold; Wednesday,
the Africa's accounts of 11th September, from Liverpool,
came to hand, and 3,300 bales changed hands; Thurs-
day, 4,000 bales • yesterday, 2,700 bales; and to-day, as
fares reported, ;bout 1,500 bales, the market closing firm
at our quotations.

" The demand is becoming more general, the principal
purchases are for Great Britain and the North, some oc-
casional lots being taken for Spain, Genoa, or Havre,
for which latter place a ship of about 1,800 bales has
been laid on. Various lists have been bought on
speculation for resale here, as with a continuance of the
unfavourable accounts from the country, a further ad-
vance in our prices is expected by many. We quote to-
day for strict classification, good stapled cotton:—ordi-
nary to good ordinary, 8/ 9; low middling, 9/ 10; good
middling, 10i j; unfair, 10i i; fair to good fair, 11 12.
" The receipts continue liberal, being for the week
29,626 bales, against 17,985 bales same period last year.
A small portion of the cotton coming to hand now is
only below middling; the fine descriptions, however, are
becoming very scarce, and the market does not offer any
more the same splendid assortment we had some weeks
ago. With regard to the growing crop the advices re-
ceived during the week do sot show any improvement;
on the contrary, the complaints of damage by rot and
bollworm aro on the increase, and the prospects for
another large crop are daily becoming more faint.
" Freights are firm. Little alteration in Exchange.
" SCHRODER AND QIJENTELL.

The Government Gazette of St. Domingo (El ECO
del Ozan2a) of the 12th ult. refers to the advertisemeit
lately put forward in England for a loan of 750,0001. for that
republic, and states that the proposal was never authorized
in the slightest degree. It adds that the accounts given of
the resources of the country had at the same time been
greatly exaggeratsd, while the statement was also incorrect
of its being at peace with its neighbours.
THE YACHT AMERICA.--Another acceptance of
Lord De Blaquiere's challenge has been made. Lord Lon-
desborough has offered to run a schooner of 180 tons 0.51
just laid down for him by the Messrs. Lymington, of Poole,"
against the America, upon any course which Lord De I-.
quiere may name—the match to be for 1,000 guineas
beingneasandthtoe
be sailed in the month of September next, that
earliest period at which this vessel can be built, and her
proper trim found.
ACCIDENT AT RICHMOND.—One of the police force
on duty at Richmond has met his death under the following
melancholy circumstances : —lt appears that he was en night
duty, and was on Sunday morning, ing, about three o'clock, seen
by h
by his superior officer river side, a short distanee
from Richmond. As he did not make his appearance at the
time, station-house at the proper fears were entertained in
his regard, and after the lapse of some time, and every in-
quiry having in the meantime been made, without success,
the river was dragged from an early hour in the morning,
until about four o'clock in the afternoon, when hls body was
life
eoyvi oecretati being waslt immediately removed to the dada house,
'1440 eztnact, where it await as iziptlit.