The Sun.
London, England, 1852-12-21 00:00:00

40NEY AND COMMERCIAL NEWS.

CITY, Two O'CLOCK.
The sales of Cotton at Liverpool yesterday were
b:4llated at 5,000 bales, all to the trade. The
~011(et Was steady at previous rates. The'sales
jklensed. 4,000 American, 50 Perham and Ma-
omo ~414, at 6A-cl. to 7d. ;20 Bahia, at 6id. to 6-id. ;
~,,,lie4gYptian, at 6/d. to 10d. ; and 500 Surat, at
' I,t° 4id. per lb. Railway shares were firm.
itio-Qe letters by the Overland Mail, viii Southamp-
% confirm the highly favourable advices from
icy ttiii rah& The following, from the Mining Cap-
-4,5 the Lewis Hill Range (Australian) Gold
Copper Company, is corroboratory of former
11nts as to the extraordinary yield per ton :
)1 q a
,zti In at present engaged in making good the foun-
IN:a for the operations of the Lewis Hill Range Com-
tatt and am accordingly up in the mountains arranging
rde:rB. Gold bearing Quartz veins in this district are
0 th4Plentiful, and numbers of diggers are employed in
tfti, galleys and gullies around, and from the condition
the e Miners, and the enormous quantities of gold which
Zic.ollect, there could not be a better locality, or one
14,11101 the influence of a Company could be so well
liel• Large portions of the rock are perfectly inter-
With gold, and the instant we get efficient ma-
karY for crushing and amalgamating at work, the
"atm
product will be immense. I have had several
°llat taken at random analyzed, and the lowest spe-
as yielded at the rate of 2001. per ton—many
hke, 'l
Yielded at a much higher rate ; but supposing we
an average 2501. per ton, we shall be close on
41;144_114- At this rate, with machinery to crush say
lig "Qua per diem, and allowing 200 working da
' to the year, the respectable sum of per 3,000,000/
keueta will be the amount passing through the hands of
kltt:rapany from this spot alone. Ido not exaggerate
itii,rB on this head at all. The miners themselves
L' and see it, and some large joint-stock combina-
Care talked of, in order to supply themselves with
ktOerY to crush the rock. I have made some very
miotageous arrangements with a company of miners
Wilocall themselves the Rock Gold Mining Association,
111 tract to supply the machines of the Company
Perms ~.ukey shall be erected with as many tons of Quartz
44._.`getn as may be required. We are now putting up
)'5ll-uLikense timber shanty as a storehouse, and I think
4 the done rightly in making the erection of stores
;"
Supply of the miners a part of your business,
Paces of goods of every kind are enormous—parties
1.,...,,n1aking from 200 to 600 per cent. profit upon the
final• cost of the article they trade in."
lqi.le following is an extract of Mr. Mocatta's
tjr, received by the Committee of Spanish Ame-
-1857) Bondholders, dated Guayaquil, Ist Nov.,
.) concerning the Ecuador debt :
te:l,',ll my last respects I expressed a hope that I should
len,'" to report favourably as to an ar:angement being
ft d, but I regret to say that the continued ill health
the 7„ President has detained him nearly the whole
foi,t,, lat Daule. On Thursday last he returned here
taelia;few days, and has resumed the reins of govern-
' Which the vice-president had been charged with.
Ge"ge 30th ult. I had an official interview with H. E.
tiZeral Urbina, when I urged the necessity of an ar-
Pqelllent of the foreign debt being effected, and ex-
hit :e_, great regret that I should again be forced to
kl, that nothing had been done ; that I was willing
pt 1 before him a basis for an arrangement, if he were
ti,etPared to act up to the law of public credit, and assign
14 flinch' therein adjudicated for the foreign creditors.
44expressed his desire to discuss the subject with me
ktiofrlendly spirit, and that he had already given it his
ititt,llB attention. He purposes removing the Govern-
tor m" to Daule for a few weeks, and invited me to ac-
to ,l'anY him thither, when we should have ample time
AC'naider what could be done. I shall accordingly
oe this week with H. E.
Front what has already passed in conversation I
!Ile/ see the Government is surrounded with financial
ill, enities ; that every effort is being made to surmount
ki44:, If tranquillity prevails I think this may be done,
theltao Government be able to comply faithfully with
14,1'47f of public credit, in which one-eighth of imports
fit,, salt revenues are appropriated to the payment of
In to the foreign creditors.
0i From what I have heard from one of the foreign
41eters here I consider there exists a great probability
tot" Columbian claims on Peru being adjusted,. and in
heb:equence I urged the necessity of the assignment
Ikrb,gs, made over to the bondholders ; he has some
the-,;'es, not deeming himself authorised to do so until
pcommissioner has concluded the arrangement, but I
endeavour to induce him to wave his objections.'
le4l_°l3:l the Canadian accounts we learn that the
Iv'''t er was changeable. Snow had fallen, but
pa succeeded by a spring-like mildness. In other
and snow had fallen to some extent, and wharves
at.: storehouses were crowded to excess with the
},e al of merchandise and the shipping of produce
ltilore the closing of the navigation. The through
of steamers on both sides of the Lake had
t,kell up their winter quarters. Everything be-
lie etled the near approach of winter, and the pub-
healthl, was generally good.
t 4, e Mexican news is very unfavourable, and
atr,e appears to be a probability of a dissolution of
A`.tovernment.
ill'ost Rambro' last Friday, there was no alteration
ri,'e rate of exchange on London.
bil'ii. ,c English Stock market keeps up very firmly,
41" 'here is no increase of business. Consols for
the opening are stil 1001 to 1001.
chequer Bills have been quoted 60s. to 635., and
4114 Bonds, 81s. premium. Bank Stock is up to
ht,17,,.,nd 241. The approach of the Christmas
k-.....143's does not yet check real investment, and
kad"3l per Cents. have been quoted 104 k to I,
ts, the 3 per Cents., 101 k to i.
1,3 °reign Securities have been very dull. Spanish
VCr Cents. are 50k to 51k, and the Converted si.
~,,Comtaittee's Certificate is worth 4k per Cent.
kean't
Bonds have been at a decline to 24k A.
e Peruvian Deferred have been dull at 64.
liat.llador Stock is at sf. Brazilian 4' per Cents.
klve been quoted at 98-a to 99. Sardinian
i Bonds
atev been. at 96k. Dutch 4 per Cents. have been
99i t.
0110 market has given way this morning, and
a,,
t'es are realising after the recent advance in
k'ter to have a clear book before Christmas. This
44What was anticipated, but is not to be taken as
1 indication of the future and permanent state
the%h market. Even the South-Eastern and the
er lines which show a large increase on the
Week's ,
• ,traffic, have risen. The decline in Lan-
hire and Yorkshire is A to 1 per cent., and in the
qeer lines about i per cent. French shares have
11 very dull.
40,141 the Mines there is an extensive business
.h.,T.Is but they are not in all cases so dear. Aus-
Fua,,,, li have dropped :7,05., Colonial about 10s., and
CI Philip with some others that have most ad-
'ced lately, experienced a similar reduction.
Is, i,Australian Agricultural Shares keep up very
same
and the Van Diemen's Land are much the
14,The as they closed yesterday.
d„ko„ e Australian Banks are cheaper,. with the ex-
t4L'iola of the Union, which remain about the
.'" ; and South Australian, which are up a little
lilt