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

MONEY AND COMMERCIAL NEWS.

Active circulation
Decrease...

.... X 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 12,620,203
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 Miring 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 1001 to
a for Account. The New 31 per Cents. have
realised 104 to 104 k, and the 3 per Cents. 101 to
101. Exchequer Bills are 60s. so 635., and India
Bonds, 80s. premium.
Foreign Stockshave beenin fair demand, Grenada
Deferred are 12 to 13k, and Equador 5k to ;
Brazilian 4- per Cents. realise 98 ; Spanish Bonds
are worth 24g- to I, being dull ; Spanish Deferred
are 50i to ; the Turkish Loan is 1 to 11- prem.;
Dutch 4 per Cents. are 991 to par.
Railway shares are better, but with very little
doing. _ _

Tlie 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 AT ONE O'CLOCK THIS DAY.
(Prom the Official List.) _

Business done,
3 per Cent. Reduced Annuities ...... lO4 1 a
New 34 per Cent. Annuities... ........... lo4i 4
Long Annuities, Expire sth Jan., 1860 6a 7-16
India Bonds, £lOOOBO
Consols for Account lOOl B
Exchequer Bills lid. March. June.
£1000.
£5OO 63 60
Small 63 60
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Ditto 4 per Cent
Equador Bonds 54 it
Grenada Bonds, 18 per Cent —
Ditto New Deferred, 3 per Cent.. l2l 14 13
Mexican 3 per Cent 24i 1
Peruvian Deferred 3 per Cent 65
Russian Bonds, 5 per Cent.
Ditto, 48 per Cent.
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent 502. i
Spanish Committee Cert. of Coup. not fun, 3} p c
Turkish Loan, 6 per Cent., 1852 .i
11 i p
Belgian Bonds, 4 per Cent. Ex. 25fr. lOO
Dutch Exchange i per Cent 684
Ditto 4 per Cent.rertiflcates...
TWO O'CLOCK.
.... 1004 I ex div.

Consols for Opening 18th January

COWES, ISLE OP 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.

ISLE OF WIGHT RAILWAY.
On Monday meetings were held at Newport and Ryde
to explain the nature of this undertaking, and to obtain
the opinions of the inhabitants on it. At Newport the
scheme was opposed by the promotors of the River
Medina Improvement Company, but on a division a very
great majority of the inhabitants declared themselves for
a railway.
At the Ryde meeting, only two hands were held up
against the introduction of a railway.
At Ventnor a meeting was held on Tuesday, when a
large majority declared for a railway.
At Cowes on the same day a very large meeting took
place at the Vine long-room. The chair was taken by
Dr. Hoffmeister, when Mr. Young, the chairman of the
proposed Isle of Wight Railway, addressed the meeting,
as did Mr. Sergeant Gaselee, explaining how the town
would be benefited by the proposed measure, and stated
his readiness to answer any question that might be put
to him, and to give every explanation that might be re-
quired. Having done this to the satisfaction of all
present,

- Mr. BARTON, in an able speech, proposed the following
resolution :—" That this meeting is of opinion that the
introduction of a railway into the Isle of Wight would
develope the trade, would largely increase the number of
its visitors, and -consequently be highly beneficial to all
classes of its inhabitants."
Mr. MOORE seconded the resolution, explaining the
benefits the town was likely to derive by the increased
.1.0
facilities for travelling which the railway would intro-
duce ; with it would come additional steam-boats, and 10
thus connect East and West Cowes, while it could not 25
~
injure their present trade. The proposed railway ter-
10
minus and railway would not be even seen by the yachts- 'II(
men and other fashionable visitors. They might ride St. and drive about the country as usual, without even 20 knowing that they were near a railway, as it did not 12
cross or even come near a public road. There was about
to be a vast increase in house accommodation—probably 5
more than 100 villas would be erected within one twelve- St.
month, and a greater facility of communication would be
required. He therefore called on the meeting to carry 17
the resolution in the most unmistakeable manner. 25
On the resolution being put it was carried unani-
mously, and three hearty cheers given.
Mr. C. STOKES proposed the second resolution :
" That this meeting pledge itself to use its best exertions 40
in forwarding the proposed railway"— which, being 100
seconded by Dr. CASS, was carried in a similar manner. 100
On the motion of Mr. YOUNG-, seconded by Mr.. 109
MICHAEL RATSEY, a vote of thanks was voted to the
chairman.

Mr. BETHELL, having first called the attention of the
meeting to an advertisement in the Times, stating that
the railway was being forced on the inhabitanth against
the wish of the great majority of the inhabitants, said this
was explained as having been got up in 1845, but that
they had since seen cause to change their opinions, and
they now declared themselves unanimously in favour
of the railway.

VERY CHAKACTERISTIO.—We extract the following
curious item from an attorney's bill which came under
our observation a few days ago :—" Being at
journey from thence to your residence, when I found
you had suddenly died, 13s. 4d."—Oarlisle Journal.
OUNDLE STEEPLE CEASES. Owing to the success
which attended the getting up of this meeting last season,
it has been determined to continue it. The second re-
union will take place in the course of next month, when'
a good day's sport may be anticipated.

CITY, Two O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, The market was steady, s
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 :