The Sun.
London, England, 1852-12-03 00:00:00

MONEY AND COMMER

VIAL NEWS.

"An increased business has been transacted in the
shares of the several Australian Banks. Those of the
old establishments, the Bank of Australasia and the
Union Bank of Australia, have considerably improved.
The dividends shortly to be declared will, it is stated,
show the prosperous condition of their affairs, and, under
these circumstances, purchases have been made on the
behalf of influential capitalists. The Bank of Austra-
lasia shares have advanced from 60 to 71, and the Union
of Australia from 57 to 61. The shares of the newly
constituted companies have also been largely operated
in, and the demand has been principally for those of the
London Chartered Bank of Australia, and the Bank of
India, China and Australia. Not much has been done
in English, Scottish, and Australian Chartered Bank
shares, but their price is firm."

The imports into Belgium during the first six
months of 1852, included 78,765,179 kilogrammes
of wheat, and the exports 382,381 kilogrammes of
wheat, and 11,222,577 kilogrammes of rye.
The price of silver has declined, sales having
been made at 61. per ounce.
The correspondence between the Committee of
Turkish Bondholders and Earl Malmesbury, has
been published, and fully bears out what was
stated under this head a few days back. His
Lordship declines interference, but hopes the
Turkish Government will, as he is assured they
intend, pay back the principal, with some allowance
of interest. The Loan being contracted, however,
with an immediate deduction of 2 per cent., for
commission, the Turkish Government has ob-
viously not received the full amount paid by
the subscribers, and therefore a return of the
capital would not be at all satisfactory.
Together with the correspondence, we have a copy
of the terms upon which the contract was entered
into, and consequently every one may judge for
himself.

The English Funds have been weak this morn-
ing, and there is very little doing in them, most
parties being anxious to await the Budget. The idea
of a reduction in the rate of interest upon Consols
could not, it is thought, be carried out, unless a bo-
nus be given, for with the price only at 100 k to 101,
the market would speedily fall under par. Bank
Stock is at 222 to 223 k, and firm. Exchequer
Bills are 695. to 725. premium.
Foreign Securities have been rather less in re-
quest. Spanish Deferred are 241 to 25. Portu-
guese 4 per Cents. are 38i to . Mexican Bonds
have been 24-1 to 25. Brazilian New have
been at 97i to 98. Grenada Stock is worth 13 to
The Turkish Loan is at 1S premium. Dutch
and Russian Bonds are firm.

Railway Shares are flatter again, principally
from the diminished dealings.
Gold Mines are not so good, nor the Australian
Banks.

BRITISH FUNDS THIS DAY.
(Front the Official List.) _

- Business done.
Bank Stock 2231 2
3 per Cent. Reduced Annuities lOO 100 i
3 per Cent. Consols Annuities
New 34 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 6 7-16
India Bonds, £lOOO BO 3
Consols for Account ..... ................
- lOl 1001 1
Exchequer Bills 14d. *March. June.
£lOOO
69 72 72 69

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Ditto 4} per Cent
Danish 5 per Cent.
Ditto, 3 per cent
Grenada Bonds , 1 64.
1 per Cent. 22:
Ditto New Deferred, 3 per Cent l3
Mexican 3 per Cent.
25
Ditto for the Account 25
Peruvian 6 per Cent.
Peruvian Deferred 3 per Cent 651
Portuguese 4 per Cent. 3B
Russian Bonds, 4i per Cent.
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent —
Ditto Deferred, 3 per Cent.
Ditto for the Account. - 244
Swedish Loan 1 d
Turkish Loan, 6 per Cent., 1852 1 p
Venezuela Bonds 31 per Cent.
914 i
Ditto 4 per Cent. Certificates
THREE O'CLOC.H.
1004 1
1004 1

971
106;

1
1 I i
t4l 12i 13i

Consols
Ditto January Account

LLOYD'S SHIPPING-(2HM
.DAY.)

LONDON, Dec. 3.—Wind at Woo; S.W., ligh
airs, and fine.

DEAL, Dec. 2.—Wind, W.N.W. Arrived—Duke of
Wellington, Sydney, N.S.W. ; Protector, Demerara ;
Hespesus, Havana ; Hebe, Honduras ; Port Wallace,
Port Wallace ; Indefatigable, Quebec ; Chevy Chase,
do. ; George Morrison, do. ; Brutus, do. ; for Newcastle
—Margaret, Pegwash. Arrived from the River—Will
Watch, Port Philip ; Honduras, Hobart Town ;
Middleton, do. ; Medora, Tobago ; Naiad, St. Thomas
Naples, New Orleans. Arrived from the River and
sailed—Norfolk, Madras.
CowEe, Dec. 2.—Wind, S.W. Arrived—Magdalene,
Batavia.

LIVERPOOL, Dec. 2.—Wind, W. Arrived—Sir Henry
Pottinger, Shanghai ; Royal Sovereign, Akyab ; the
Duke, Calcutta ; Philo, Callao ; Empress, Pernambuco ;
Runnymede, do. ; Lindisferne, Ceara ; Hero, New
Orleans ; Alliance, Charleston ; Mary Winch, Balti-
more ; Sir Howard Douglas, Quebec. Put back—
Manila, Valparaiso. Off Port—Commodore (s).

THE DERBY ELECTION COMMITTEE. - Yesterday this
committee, consisting of Mr. Goulburn, Sir W. Moleswo rth,
Lord Barrington, Lord H. Vane, and Mr. Deedes, me t at
three o'clock for the first time in committee room No.. 12
of the House of Commons, to try the merits of this r eti-
tion. Mr. Goulburn having been chosen chairman, Mr.
Creed, the commitee clerk, called for the attendance of the
" parties." Mr. Sergeant Kinglake, Q.C. and Mr. Ed- win
James, Q.C., with Mr. Coppock, the parliamentary agc
appeared for the Liberal party, but neither counsel ) ior
agent appeared for the parties petitioned against. gle
chairman (turning to the reporters' table) inquired whom
they represented ? Mr. E. James :—They represent Cie
public press. The Committee : Oh, we don't—and in-
ferring from this in one sense significant, but in another
insignificant, notification that the representatives of the
press were not wanted, they withdrew, but were po'fitely
informed in about a minute afterwards, by the learned
counsel, that the committee would meet again on M onday
at twelve, and every subsequent day at eleven, by which
time they will have had an opportunity of thinly g over
the matter of the admimion_of the publieharem.

CITY, Two O'CLOCK.
The sales of cotton at Liverpool yesterday, were
estimated at 10,000 bales, of which 1,000 American
were taken on speculation. The market closed
firmly, and the advance noticed yesterday of to I
in American, was fully maintained. The sales
comprised 5,000 American, 130 Pernam and Mar-
anham at 6f to 7, 60 Bahia at 6i, 300 Egyptian
at 6i- to 91, and 300 Surat, 4to 4i per lb. Rail-
way shares were dull, and a further decline took
place. _

In produce this week, less has been done, and
the quotations have declined in some instances.
Sugar and coffee have been rather in favour of
buyers. Tea dull, but not pressed on the market.
Rice well supported. Cotton higher and in more
request, and tallow brisker. Spirits firm. Manilla
hemp has been lower, but jute up 20s. to 305.,
selling at 121.75. 6d. to 121. 15s. Od.
In the review of the past month's transactions in
the Colonial markets, Messrs. Jewsbury and Co.
state ;--
"The transactions in the Foreign and Colonial Pro-
duce markets during the past month have not been on
so extensive a scale as those of the previous one, but im-
porters have been firm, and the quotations are mostly
unaltered. The deliveries for home consumption
continue very satisfactory, and the want of acti-
vity is chiefly attributed to the season of the year,
there being generally a disinclination on the part of
dealers to purchase freely at the close of the year ; and
there is also the usual falling off in the export demand,
consequent upon the closing of the rivers in the North
of Europe. The demand for Dyes and Dying Materials
has been steady, with a moderate business doing ; pre-
vious rates are well supported for the leading articles,
except for Cochineal and Safflower, which are easier ;
the deliveries of the former have improved, but the
large pioportion of the stock in the hands of Specu-
lators, whose movements are uncertain, causes a want
of confidence in the article, and as the market is freely
supplied there is no inducement to go into stock ; con-
sequently, dealers and others purchase only for imme-
diate requirement. The late accounts from the Conti-
nental Produce markets report Sugar as steady. Rice
and Indigo were in partial demand at previous rates."
Of the London Silk market, Mr. Henry W.
Eaton states, that there is--
" A surplus on the total stock of India and China Silk,
as compared with the same period last year, of only 578
bales, with an increased delivery of 679 bales over that
of November, 1851, while the total consumption to date
of 1852, shows an increase of 467 bales per month. The
Silk market during last month has, on the whole, expe-
rienced a fair current demand."
The state of the railway share market during the
month of October is summed up by Messrs.
Lamond and Co. in the following terms :
" Not much activity is evinced among the promoters
of home undertakings. The Chatham and Canterbury
Local Railway is designed to accommodate the traffic
between those places, and is supported by the most
respectable parties in the locality. The capital stated is
300,0001., in 15,000 shares of 201. each, deposit 21. per
share ; and if the act for the line be not passed, no
greater amount than ss. per share will be retained for
Parliamentary and other expenses. The Great Western
and City Junction Railway requires a capital of 275,000/.,
in 13,750 shares of 201. each, deposit 2/. ; and the pro-
moters propose that accommodation shall through this
line be given to Kilburn, Finchley, and Haverstock-hill,
finally effecting a junction with the East and West India
Dock Railway, at or near the Grange-road, Kentish-
town. The shareholders of the East India Railway
Company have confirmed the contract for the additional
million of capital to carry out the extension line to
Rajmahal, the guarantee of interest by the authorities in
Leadenhall-street being 44 per cent. The new shares
issued under this arrangement will be offered rateably to
the proprietors of the old.