The Sun.
London, England, 1852-12-16 00:00:00

r°l\ 74Y AND COMiMERCIAL NBIPS.

CITY, Two O'CLOCK.
te _
kles of cotton at Liverpool yesterday were
SCI at 6,000 'Pales of which 1,000 American
,4 Surat were taken on speculation. The
ri closed. firmly. The sales comprised 4,250
;eau, 160 Pernam and Maranham, at 6-i-d.
,1id,40 Bahia, at 6'd. ; 500 Egyptian, at old.
; and 1,000 Surat, at 3d. to 4fid. per lb.
4,447, shares continued dull and inactive.
- kx
nh. Weeks' average price of wheat is 40s. 6d.
Ve'd,rter.
titil last Week's railway receipts, ascertained up
143 T) are, in round figures, as under
1852. 1851.
£16,373 16,388
44,364 41,268
9,082 8,039

IVestern
western
,\Vestern
Lo 4

9,290 8,039
"" 23,260 22,196
***************************
.'tafford 11,655 10,233
5,046 4,688
unn9,307 7,532
olthern
13,750 10,402
ame and Yorkshire
North Midland
,)or tlle and Berwick
of
information and satisfaction of the friends
,users, we have been requested to insert the
t: extract from a letter which has been
`1:: us, dated Cape Town, Ist November,
111 Cleotve,Patra left Table Bay on the 30th October,
;44fe-„' 4.211., with 5721 tons coals, 50 tons goods,
N3"4lsassengers from this, and was seen at twenty
Ik4i) d four, p.m., beyond' Cape Point. This is a
; and we calculate that two days' southing
:exi" 4er into strong westerly winds. The Cleopatra,
744,r4 great admiration in Table Bay, and the com-
eeffi.ciency of her internal arrangements have
liilecigreat- satisfaction. We trust that she will be
?tile ,to make up, during the remainder of the voyage,
ii4,`!etention experienced during the first part, as
Neldently capable of making a first-Tate passage,
itloll\,o unforeseen accident again detain her.—(Signed)
& BUSHELL."
ktrePrVress of any new branch of industry is
1144 Fatded with feelings of interest, and there is
kltt reason to be solicitous about the develop-
of anyto: general principle that will come in aid
'ligeree generally. We have arrived at the
tk°ll.) after various inquiries and in-
tat;lely `°ll obtained, that the possibility of
'ta During mercantile houses against bad
had been fully tested by the Com-
14at Credit Society. Those who were cognizant
ZAerking of the association at Paris, since the
tp )7q) never entertain6d. a doubt of satisfac-
;eBillts being obtained here when the system
Nereu understood. M. Amand Mancel de Val-
t2 the founder of the "Securite Commerciale,"
N•kris, has furnished such statistics of its
,?tit „lens as to explain the formation of three or
:itis',4,•nor associations on the same plan. The
tlikl,'elnpany has 2,000 assurers among the prin-
!4., Mercantile firms, and in the year 1852, gave
t'bli ease number of references as to character,
-1404,,,L118 of its 3,200 correspondents established
tiety ,4out France. The Commercial Credit here,So-
owes its success mainly to the untiring
momof Mr. Augustine Sargood, the chairman,
'Jarti 'earnest enthusiasm of the small, but working
t,of the directors, the manager, Mr. Sewell,
Rat t'e other officers. Althoughlactive operations
it4:°lllmenced only in June last, there are al-
-144", insurances upon 1,300,000/. Among the
iltihetiester houses the objects of the Society are
I:l4'l'l,,arnaly seconded, and at a meeting of the
Le:4 of Reference and the Directors the details
of the working of the undertaking, by a
tic, combination of the mutual system with just
4' small infusion of the proprietary principle
le give vitality, were most encouraging.
kik% Precise objects of the Society are to
kttatilrae to the assured commercial losses, to
kip a them in the recovery of debts, and to make
!eat aces when losses occur, with the view of pre-
‘llll;g temporary embarrassment and ultimate
kplq:. The idea that there is great difficulty in
„,,1:1g the principle of assurance to the objects of
kle,7jety has been dispelled by the opinion of
rf til'iLler B. Glen Finlaison,' Esq., the Actuary
-National Debt and Government Calculator,
°ra the society at the outset submitted for
Nitil4i the synopsis and general rules, and that
ht:,taan has stated his belief " that the plan
(11 dla Within it the strongest element of success."
tlethfilli benefit of all the premiums will be given
e society to the Assured and not to the
itl4ebolders, who are satisfied out of a commission
4e(l. One moiety of the surplus of the year's
V`inno will be applied to the reduction of the next
kko '3 premium of those whose losses have not
the liated to the sum of their annual premium, and
itiatt o„ther moiety is for the formation of a fund to grant
to the assured at limited interest. The rules
1, titre the premiums not to be paid in advance,
41,11:t the end of the half-year. • The assured, on
a claim, must give the Society power, in
A name, to act against the debtor ; but the as-
raust not act without the sanction of the
No claim for less than 101. must be sent
• The Society will afford any information that
of t in its power respecting the commercial stability
k° tiers ; and expects in time not alone to pro-
le '1 the security of the assured, but also
I)),affect beneficially the whole trading community,
qvierting unforeseen calamities, on the one hand,
tth„ by the exposure of fraudulent traders, on the
kb;t, Which individual creditors could of them-
keg seldom or ever bring about.
„...°elke are firmer, but dull still. Consols for
°`"l
itui,.t, 1001 f. New per cents., 1031 to 104.
Stock is up to 223 and 224.
Foreign Stocks - there are larger dealings.
111)(71„ 811 3 per Cents. are 232 to 24, being better
the expulsion of TsTarvaez 1. Portuguese are
js" 41k. Mexican, dull.
wive'„,
to
Gold Mine Shares there have been exten-
A 4 ,"alings, and at very advanced prices. The
etalian Companies are particularly buoyant
4411,g to the intelligence from Port Phillip to the
kb ,C3?Ptember, as to fresh discoveries of consider-
, importance. The Agua Fria Company's
ktkors have further advanced, and Ave Maria are
blooking up.
111) ;t Australian Agricultural Shares have started
kt'l•e to 51. per share, and Van Diemen's Land
to 1 higher.
Le Australian Banks are advancing.
t} railway shares there is not much doing, but
h.ti, quotations are, with one or two exceptions,
tlijer higher. South-Western have declined, but
qtizre la an improvement in Lancashire and York-
e, Bristol and Exeter, and Ambergate. Great
kt'aern are lower, and North-Western are rather
k:gain. Northern Counties Union are still in
,(est• French Shares were very dull, and scarcely
br„°°°d, except Northern, which have raffled. Sam-
' and. Meuse are a shade higher.

BRITISH FUNDS THIS DAY.
(FrOm, the Official List.)
kl Bullnen done.
4 Lk stock 223 4 3
...r Cent. 3 Reduced Annuities....... ......
k„ ,„.
4it:,Uent. Consols Annuities
4111' 'I r Cent. Annnities lO3 4
44.! AnPenuities, Expire sth .Tan., 1860 6i 7-16
ij, tends, £lOOO 7 9
44', under £lOOO 75 9
N for Opening 18th Jan is
-Aeh,,
Piwcttler Bills 10. March. June.
-400 62 3
S CI
'aan ......

60 3

ka.
,PRICE OF FOREIGN FUNDS THIS DAY.
bz,ilian Bonds, 5 per Cent.
ll'tto 4} per Cent 9BA i i
11'440 New B ds 1829 & 39, 5 per Cent lO4
Ile, on ,
Dreg Ayres Bonds, 6 per Cent. —
D 4 itto for the Account
qllBll 5 per Cent.
Q 14(1?r Bonds
Isbe-4qa, Bonds, 1i per Cent
lite,.l,ttol2.
New Deferred, 3 per Cent..
l'o„'lean 3 per Cent 24? a a
eguese 4 per Cent. 4O
,i.tto for the Account,. 4i 11 4N 1
ib,itto Small
-0,44 Bonds, 5 per Cent.
' hrtq'to, 4i per Cent.
F31).4,1;4,1111 Bonds, 5 'per Cent.......
Ditto Bends, 3 per Cent 5O I
Ditto
Deferred, 3 per Cent.
gtto for the Account 23i
5.4,1tt0 Passive (Converted)
1\04,7.811 Committee Cert. of Coup. not fun. 31 P c
let-e`l6ll Loan, 6 per Cent., 1852 1 $ p
)leirll.ol Rentes, 4A per Cent
D
61a4 Bonds, per
4A r Cent. Ex. 25fr.
IA 99i
bh Exchange % p Cent 67' i
144 4 per Cent. Certificates 99.

. 74
. 108

THREE O'CLOCK.
100 h i ex div.