The Sun.
London, England, 1852-09-29 00:00:00

Railways.

FOREIGN.

Cent. France (0.V.) all
Charl. & Erquel all pd
Demerara all pd
Dijon & Besancon, 2 pd
Dutch Rhenish...B/. pd
East Indian all pd
Gt. Indian Perrin. all p
Grnd. June. of Fra. 4 pd
Louv. a la Sambre 7%
Luxembourg l4l. pd
Do. (Railway) 10/. pd
Do pd
Do. (Canal) 2 1%, pd
Lyons & Avignon, 5 pd
Madras 9. pd
Maria Antonia 27 IA pd
Do. New
Namur & Liege all pd
Do. ex int all pd
North. of France, all pd
Do. 201.3 p. c. Bds, all p
Orleans & Bor 111. pd
Paris & Lyons 1 0/. pd,
Do. Bonds
Paris & Orleans all pd
Paris & Rouen ...all pd
Paris & Stras. ...all pd
Paris, Caen, and Cher-
bourg 4 pd
Rouen & pd
Sambre & Meuse all pd
St. Andrew's & Quebec
(A) 4/. pd
Tours & Nantes 171. pd
West Flanders all pd
West. of France 6/. pd

Agua Fria all pd
Anglo-Californian, all p
Asturian 15/. p,
Australasian 2/. pd
Australian 5/. pd
Austr. Freehold all pd
Ave Maria all pd
Brit. Austr. Gold all pd
British Iron 13/. ss. p
Braz. Im. (is. 5 p) 241,E
Do. Coca. & Cui. all p
Do. St. Joh. del R. 151.
Carson's Creek all pd
Cobre Copper ...401. pd
Colonial Gold 11 pd
Copiapo 14/ pd
Eng. & Aust. Cop. all p
General all pd
Gold Mountain all pd
Grd. Duch. Baden, all p
Great Polgooth all pd
Lake Bathurst all pd
Liberty pdLon. & Cal. Glcl Quartz
Crushing Com all pd
all pd
Mexi. & S. Amer. 91. p
New Granada all pd
Nouveau Monde, all pd
Port Philip all pd
Quartz Rock all pd
Santiago de Cuba 10%
South Australian, all pd
Tin Croft 7l. pd
United Mexican all pd
West Mariposa all pd
Tuba 1 paid

30INT.
Australasia all pd
Brit. Nth. Amer. all pd
Colonial 25/. pd
Cora. of London 20/. pd
London Chart. Bank of
Australia
Lon. & County 20/. pd
London Jt. Stk. 10/. pd
Lon. & Westm. 20/. pd
Nat. Prov. Eng. 35/. pd
Do. New lO/. pd
Nat. of Ireland 22 4 p
Orient. Bk. Corp. all pd
Prov. of Ireland 25/ pd.
Do. New all pd
Roy. Aust. Bkg. & Gold'
Importing Corn. Ipd
Union of Austral. all pd
Do. New 2IA pd,
Union of London 10/. p
Union of Madrid all NI

Nomine 1 PriceN I Bus;nesi done
to-day.

i• :.ft'i,

114 11/2 p
21/2 11/2 dis.
8 p
2 2,A p
I% 1 p

-
4 743 -
11L- 1%
-1%
4,i,- 5 p
2543- 2%3P
- 9
2 - 3

74 - 73/4
51%, - 614
28 -281 A
13% - 14%
12% -121 A p

57 -59
35 -36
29 - 293/i

2%- 23/ p

16 - 161,i
934 - 10%

.3A .. —--
... die.
4 5
53/4 6 p.
MINES.

% % P
Par Y 4 P

l I%P
3% 1y
% 1/1 dis.
yl I,i die.
% dis.

6 - 7

••• '''. •••
14 dis. par
44 —46
% %p

••• ---- •••
ys 3i dis.

Y 4 dis. par
y4dis. par
13A 2 p
1,4 % dis.
1/1 3A P

3A-14dis.
%dis. p
5
% dis.
% 3/4 p
- 5,;3 p
- Adis.
11 —l2

%dig. % p
12 —l3

74
%dis. par
9a P

169,8 'A

22,E

10%%s

12 12

12%

Austral. Roy. Mail, 4 p
Canada 32% pd.
Copper Miners of Eng-
land . . all pd
Do. Preference, 7% pd
Crystal Palace ... 5 pd
Eastern Steam...2s. pd
Elect. Tel eg. Ireland 1p
Gen. Stm. Nay. 14/. pd
Gen. Screw Steam Ship-
ping Company...so/. p
Irish Beetroot Sug. 2i p
Penin. & Or. St. all pd
Do. Do. ...151. pd
Royal Mail Stm. 60/. pd
Universal Emigration
and Colonization, 21. p

734 8

-STOCIL mamas.
561,i 57 % 58
57 —59
15 16%
29 —3O

4 - 5
••• •••••
18 19%
32 - 331,4
44 -46

1834 20
38 —39 s.d
46 y, - 47
16778 17%

1 -1%
49% -50%
6 -6%
17 -18

;CEX.I.A.NEOV
3 - 4
50 -51

30 -301 A

... - ...
43 - 51,4

3Ye Vs

iii,i =26%

2 -
85 - 86%
35% - 361,i
78 -80

8614

MONEY and COMMERCIAL NEWS
CITY, TWO O'CLOCK.

The sales of Cotton at Liverpool, yesterday, were
estimated at from 8,000 to 9,000 bales, of which 2,500
American were taken on speculation. The market
closed firmly, and, es compared with Friday's rates,
American at sd. to 51d. were up. Other kinds were
also higher. The sales comprised 6,500 American,
1,500 Egyptian, at 6d. to I Id., and 200 Surat, at 3:ld.
to 44d. per lb.—Railway Shares continue dull at lower
prices.

The many new companies that are being brought be-
fore the public present different claims for support;
some fair, others doubtful. Banks, established on
a sound basis, with an adequate and not excessive
capital at the outset, but yet with the power
of calling for increased subscriptions, must act as a
powerful lever in our colonies. Judiciously ma-
naged they bring out the latent resources of
the different possessions, and stimulate pro-
duction. At the outset, however, it is inex-
pedient to have too largo a capital paid up, for this
necessarily it ads the managers to the precipitate ex-
tension of business, and to consequent risk. By a libe-
ral, yet firm course, the mostsevere periods of commercial
reaction may be happily got through. The Colonial
Bank is probably the most striking recent example of
this, having lost enormously by the revulsion in the
West Indies, and 'yet by dint of extreme vigilance, by
cessation of dividends, and with the support of a
handsome reserve fund, the lost capital has
been to a great extent restored, and with the
experience so dearly bought the Bank may henceforth
enjoy a comparatively prosperous career. The now
Australian banks may probably answer well, but it
should be rather by the extension of monetary facilities
in fresh channels than by unwholesome com-
petition with the existing institutions. In the
common course, Australia, grown suddenly rich, must
need larger banking accommodation, but she wants no
lavish advances to her settlers in the titan of their ease,
to be withdrawn upon the day of pressure. It is not
many years since that sheep, cattle, and wool were
driven up to enormous prices, and imports were
extraordinarily increased from England, until the
memorable Australian panic ensued, that brought down
the price of lice stock to a ruinously low point, forcing
the owners to boil down their stock for the sake of the
tallow, and beggaring men who for years had believed
themselves to be men of substance. This trying ordeal
at length got through, though a weary time
it has been for Australia, we are now lighting upon a
new era, and it will depend upon the policy of the banks
whether they enhance or retard the prosperity of the
colonists. We have seen already one or two important
banks started upon British capital run aground or dragged
through the mire of our ohancery courts. First in im-
portance will be the duty of keeping up an adequate
supply of coin, and offering convenient arrangements for
the transmission of bullion, nor will even the establish-
ment of local mints altogether relieve the banks from
this task. What has been done in South Australia should
teach us the importance of adaptation to circum-
stances, and it is surprising, in the face of
such practical evidence, to hear objections started
to the course pursued at Adelaide, in stamping
gold ingots to pass current there at 31. 1 ls.
per ounce. If it could be shown that gold was
not worth 31. Us., or if there were no mother country
with a fixed standard, open as a last resource, we could
understand the cavilling. What is now predicted by
some, concerning the probable future embarrassment
of South Australia, because she is buying gold beyond
the value it may hereafter command, would apply
correctly enough to England, which has no neighbour
so simple as to relieve it at even 31. 18s., of the metal
for which it has allowed without the slightest re-
ference to supply or demand, the unvarying price of
3/. 17s. lOid. When we alter our standard, then will be
time for the Government at Adelaide to lower its terms.
The projected Bank of India requires a passing notice
now we aro treating upon an analogous subject. India
is a country which suffers frequently from temporary
fluctuations in the exchanges, and large shipments of silver
have alternately to bo made from this side or the other,
while the demand upon the llon. East India Company
for bills alternately flags or rises is a ratio anything
but satisfactory to steady-going men of business. If n
now bank can assist in this respect it will be really a
boon, and it has au especial field among
population.
principal
The value of Bills of Exchange upon the 90
Continental cities was enhanced yesterday.
Paris,l2 of to
days, was taken at 25 47i- to 52i, Amsterdam
liamburgh 13 8i to 9-1, and Trieste the native
11 42 to 4.have
Public Securities aro quiet but firmer,
that have
been some money purchases in Consols
r 100 to h are
up the price to 100,i ; just now, however,
are 0(4 1.
the nearer values. For Account the pricesaad India Bonds
Exchequer-bills of March bring %oast.
'lll to 111 i.
87s. premium. South Sea Stock and there
seat
and a
6g_sisr
.0
freely
Mexican b utBG
Bonds
ce
saad
are
brought to mar-
-1
12i an
D eForeign
BendaStocks have
have
E odnourl
ket, and have receded to d The Turkish
91 premium. Peruvian
Loan has improved to 9/
Deferred have rallied to 64 and
25 to and some Railway Shares are
i I.
T
t better,i
e t s is
others
jadiitley'v:orse, according to the course
akes:l
as taken. Generally they tend up-
that speculation
Western suffer by Mr. Glyn's resigna-
:nFrench shares are rising, and Belgian are higher.
Upper
Gold lndiaxtins are premium.
wards.
o North-
aro steady, but not brisk. United
Mexican much the same, Chartered Batik of Australia
ee
aro Ivor.