The Sun.
London, England, 1852-03-01 00:00:00

Tinton of Mad7i,i

Canada .........

11111

Gen. Steam Navigation .
Penin. & Oriental Steam.

Ditto ditto ......
Royal Mail Steam ......

rWe cannot be answer:
will not be influenced by

MONEY and COMMERCIAL NEWS.
CITY, TITO O'CLOCK.
The Cotton Market at Liverpool closed steadily on
Saturday. Sales 7,000 bales, at previous rates.—ln
Railway Shares a good business was done, at higher
prices.

At length the doubts and fears as to Californian land
titles are likely to be cleared up, and, we trust, in a
manner to prove satisfactory to the parties interested.
From an early period after the introduction into England
of the gold-mining companies, suggestions have been
made as to the importance of demonstrating whether the
Mexican grants conveyed the right of mineral as well as
soil, and no one has stepped forward to meet the diffi-
culty; while the contest between the different agents of
Colonel Fremont, the sale of his _Mariposa property to
Mr. Sargent; the alleged desire of many parties in the
United States to have the mineral preserved to the
Government, and the loose manner in which large
amounts have been given for concessions, have kept alive
a feeling of anxiety and done injury to all these specula-
tions. It appears that the American Government, im-
pressed with the belief that there was some reservation
in the Mexican grants, and that even the right to the
soil would prove to be founded upon defective premises
in many cases, sent a special agent, Mr. Carey Jones, to
inquire into the matter and report upon it, and his de-
tailed statement, printed at Washington, has just reached
England. Mr. Jones asserts unequivocally that Mexico
has not reserved the mineral; consequently, if the
American Government confirms the title, it confirms the
right of the owners to everything in, above, and below
their land; and, as Mr. Jones strongly recommends that
the claims should be recognised, we assume that they
will be, for after all they are not, in comparison with the
extent of the country, very numerous. Mr. Junes goes
on to state:—

" The grants in California, I am bound to say, aro
mostly perfect titles; that is, the holders possess their
property by titles that, under the law which created
them, were equivalent to patents from our Government;
and those which are not perfect—that is, which lack
some formality or some element of completeness—have
the same equity as those which are perfect, and were
and would have been equally respected under the Go-
vernment which has passed away. Of course I allude
to grants made in good faith, and not to simulated
grants, if there be any such, issued since the persons
who make them ceased from their functions in that
respect.
" I think the state of land titles in that country will
allow the public lands to be ascertained, and the private
lands set apart, by judicious measures, with little diffi-
culty. Any measure calculated to discredit or to be
distrusted, the general character of the titles there,
besides the alarm and anxiety which it would create
among the ancient population and among all present
would, I believe, also retard the
the country; a title not shoobic!tettenstoiatl p, would,
ent
of
dis-
credited is nut destroyed, but every one is afraid to
touch it, or at all events to invest labour and money
in improvements that rest ell a suspected tenure. The
holder is afraid to improve; others are afraid to pur-
chase, or if they do purchase at its discredited value,
willing only to make Inconsiderable investments upon it.
The titles not called in question (as they certainly,
fur any reason which I could discover, do not deserve to
be), the pressure of population, and the force of circum-
,„„ces, will soy. operate to break up the existing large
tracts into farms of such extent as the nature of the
country will allow of, and the wants of the community
require; and this under circumstances, and with such
assurance of tenure, as will warrant those substantial
improvements that the thrift and prosperity of the
country in other respects invite."
Those who think we can fully employ our surplus cash
at home, will see with regret the details of moneys paid
out of the Consolidated Fund for interest, and Sinking
Fund on that part of the Greek loan guaranteed by Eng-
land, the total being 408,8471., of which only 31 8841..
has ever been repaid, viz., 23,3431. in 1847, and 7,740/.
in 1848. In the year 1843, we paid 33,5831.; 1844,
46,7841.; 1845, 46,4971.; 1846, 46,497/4 1847, 47,1881.;
1848, 46,7491.; 1849, 47,049/4 1850, 46,955/.; and 1851,
47,541/., and this is the Government taken under the
tender care of Lord Palmerston's enemies. To us it ap-
pears high time that a gentle pressure from without
should squeeze at least some instalment annually out of
Otbo's Government.

13y the steam•bhip Europa we have accounts from
America to tho 17th ult. The Stock Market at New
York had been scarcely so good, and the exports of
specie were inducing caution, although the arrivals con-
tinued large from California. The El Dorado had
brought nearly a million of dollars in gold dust. Thu
advices from the mining districts continue favourable.
A summary of the circulation of the New York banks
gives the total resources at 94,067,898 dollars, on the
27t1 Dec.

A statement appears in the New York papers to the
effect that three Commissioners were to proceed to
California to investigate the land grants, arid that the
Mariposa grants wore likely to be resisted. This, alter
the official report already made to the Government by
their first agent, Mr. Jones, and above alluded to, seems
to be a loose statement, but it may be correct that a
few " squatters" look with a longing eye to that rich
tract.
Quartz mining in California was likely to progress.
One local company, the " Gold Hill," had, with most
rude machinery and very high wages, managed to pay a
dividend in four months of ten per cent. on the capi-
tal, and others eleven to fifteen per cent, in a shorter
time.
The Buenos Ayres accounts of the 20th December
state that matters were last approaching a crisis. Ur-
quiss had; passed the Parana with a well-appointed
army, 20 000 strong, and expected to be vastly incre3sed.
In Rosas' army there was great disaffection. The
President had laid waste the country through which
Urquiza would pass, and it is asserted that one town of
10,000 inhabitants had been levelled by his order, and
the women and children obliged to take refuge in Buenos
Ayres, while all the men were impressed.
A serious fire had occurred at San Juan de Nicaragua,
destroying a third of the town, and there bad been__a
another revolution in Nicaragua. The isthmus of 1-'
name was crowded with emigrants.
flay
snw theere
ri, t Amsterdambrisk bum, afir,kreeitg
• , and there is
The Stock Market is exceedingly
onn allS 1 tnu ri.
ad
varmtlir .
have had no effect
ome Securi-
breaking out of another Burmese w,et
fne New Threeea,,d-
no speculation. Even the East India advises of the
g ha
an
sd2tlh9e, TEb taeset
upon Consuls, which are 97* i. 9 w .
Quarter per Cents. have reain.eu
.9k
hil:
India Stock remains at 259. Exchequer-bills kre 60s.
per Cents..97l to PS. Bark Sock is as. 4.
to 63i., and India Bonds 71s. premium.
The whole activity of the speculators seems to be
.
directed to foreign investments. Grenada Deferred
have risen to 11 and I li, and Equador to 5 and 51.
Buenos Ayres is as high as 59, although the war
not yet ended. MLitt have rts, n
to 105 and 107.
b
Mexican have been done at 33 to i. The President
of' received to-day, still
dwells upon the necessity
in his address to the Congress,
increased taxation,
extraordinary income be
but the deficiency does not seem to be large, if the
Borings of the indemnitylbrought into the account; and
the creditors here are looking or the discount by Messrs.
4Cl7.ts*ThhaveeeeweaDeterred arei al
23.1- to 24 money.
li. Venezuela Bonds
Portugueseare up ItcitSpanish Five per
Deferred, 15i to 16k.Cents. are
324 to 33i. Sardintan Bondsare steadykour
apte
88_
I to 894-.
the3a Su; ThreeandtheC3r9 per
, e:fia
Certificate
an
thetiss.
Belgian Pour-and-a-Half per Cents. have been 90} to
91; and Dutch Two-and-a-Half per Cents. 594 to /*
Peruvian Active Bonds have ascended to 1041 and 1051.
Railway Shares are again advanciug'
the average rise
being k to 1 per cent.
Gold Mine Shares are all flat, and the favourable ac-
counts Dave not benefited them.
QIJAVTER 7'O THRit'A.
97k i-
-97i I

MAW Account, March 11

ON)

PRICES OF DRITISEI FUNDS O'CLOCK,
Bank Stock ............
3 per Cent. Reduced Anne. 97N 98
3 per Cent. Consols Annuities 97%14
9)% i/
Now 314 per Cent .A.nne- ..
Long Anne. to expire J an. 1860 . 7 1-16
India Stock ...... .. ..................... 259
luuit, Conde, 1,000/._
I‘.
-.7.1.1.n. t......::::::::: 7363 pP
Ditto under 1,000/........
..
......
67-01
C'''...6xliefrisj'enllsool:ofileofr..r, 8.. ..... 18.:
..
.......................... .... 61:46d3. p
... „„„.. 9714
... .............. co p

CLOSE G
PRICES
219(4
95

.
PRICES or FOREIGN O'ONE 1
FUNDS. CLOCK.
Buenos Ayres Bonds, 6 per Cent 5714 59
Chilian Bonds 6 per Cent .... lO5 107
Equader Beads 514 5
Grenada Bonds, 11A per Cent -
Do. Ex Dec., 1849 Coupons 25
Ditto, Adorn@ .. 111is'A3 11

-97%

991;
7 1-16
260

73 p
97

64 p
64 p
64 p
CLOMING
PRICES.

23%
10%

, ~......-
It )azor.r., 3 ps.ir Cent., 1846
Ditto, Account ......... ... .. 331431 334
Peruvian ilioncls. 5 war Ceut,..........10514 1041,4 105 10434
Ditto, Deferred
Porr.,,gov o per CelltS. ..- ..... .....
Ditto, 4 per Cent.
RowAian Bond,-
-.. .021/2

Ditto, 44 p,,.
Sardinian Bonds, 5 per Cent. ...... 8834 SPA 89;,
1m
11334 23
Ditto, Account
Ditto, Passive 514 %1 5 '
41%
Ditto. 3 per Cent
Ditto, New Deferred
Spanish Corn. Cert. Coup. not funded 1 ';fi 13/4_ per censt:
Vbnezuela Bonds. 3,,-4 per Cent 381,42 39 38% 012
Ditto Deferred

er Cent

Dividends on the above payable in London.
Austrian, 5 per Cent.:
Belgian, 4% per Cent.
Dutch 2% per Cent. 12 Guild 591A%

76
91
59 Aa

LLOYD'S SHIPPING--(THIS DAY.)
LONDON, MARCH I.—Wind at noon Westerly, light
brk floe.
VER_A. CRUZ, JAN. 27.—The Susan Green, of Liver-
pool, and lode, Errant°, of. Cadiz with all their cargoes
ou board, from America, and a Cempechano vessel, were
driven on chore and wrecked outside this harbour dur-
leg
a hurricane on the 12th January, which lasted
tweinty•feur hours; crews, exc, twelve men, ,aved.
NEW YORK, FEB. 16 —The Medium, of Yarn3outhi
Nova Scotia, from Newport to City Point, Virgijii;9'
was abandoned in a oinking state on the Ist January, 'll
lat. 37, long. 38; crew saved.
BRIDLINGTON QUAY, FEB. 29.—The Waterwiteb,
from Middlesberough to London, was assisted betviee°
the piers la3t night, maki,.g three feet water per hoar'
having struck on the bar coming out; she etovo her bowl
on entering, anti was lightened during the night.
SCILLY, FEB. 28.—Wind N.N.W.—Arrd. Hugh Bel-
mont, Woodcock, Callao; Allandale, Brodie, Mauritius;
Jessie Gleig, Hull; -Vanna Minalta, Newman, Catania'
Ellen Munroe, Lovett, Sierra Leone. Off port, Sit
Edward Parry, China; Prince Albert Edward, Rans?lo
St. Michael's. Sid. Lion, Mauritius; Echo, St. Mishael
BALLINA, FEB. 28.—Tne Nina. or Montrose, which
arrived here yesterday, from Galatz, grounded. 101 h
Jan., on u ridge of rocks off the coast of Spain, Caped
e
Gatt bearing E.S.E. about ten miles, and remained, for
about fourteen hours, whin she got off, after throwAs
part of her cargo overboard.
CASTLETOWN, ISLE OF MAN, FEB. 28. The Pandora,
of Whttehasen, from Dublin, ran on shore in Port s;l'
Mary Bay this morning; she is much damaged. but 41
expected to be got off it the wind remains northerly,',..„,
SCILLY, FEB. 28.—The Hendrina, of Verulaw, "'Au;
Rotterdam to Belfast, which struck near the it(113,"...r
Saone, and was abandoned, was fallen in with on
beam ends on the 28th, between these Islands and 7i.
Wolf Rocks, by the Alleyn, from Dordt to this Piece_
and Si. Michael's, which took her in tow, and
assistance of a number of cutters and gigs, got her irate
he Sound. She has since been brought alongside t. _
but Vl°
pier and righted, her mizenmast is standing,
mainmast is broken; cargo being taken out.
LIVERPOOL, FEB. 28. Wind W.N.W.; 29. Wo•:,
Arrd. New York, Andrew Foster, and Joseph SST°I.A„eli:
New York; Parliament, Sampson, Boston; Disr.rt:
Catania; Active, Restina, Stockholm. Sid. SIISEIV,
with tht:

nambuco; Asia steamer, New York.
Ch
GLOITCEBTEZ, • FEB. 28.—Arrd. Seron,
Marans. A ff (7),
PLYMOUTIi, FEB. 29.—Wind W.—Arrd. nesuil
Hermann, St. Malo.