The Sun.
London, England, 1837-08-22 00:00:00

THE FUNDS-(THIS DAY.)

CITY, TWELVE O'CLOCK.
We have received Montreal papers to the 23d of July,
and Quebec to the 20th of July. We extract the fol-
lowing :
" UPPER CANADA.—THE BANK.--As considerable
anxiety is felt respecting the course which the Banks will
pursue, we have obtained the following information on the
subject :—The Directors of the Bank of Upper Canada
passed resolutions declining to avail themselves of the pro-
visions of the Act, and resolving to continue specie pay-
ments. The Directors of the Commercial Bank, on the
contrary, have resolved to avail themselves of the Act, and
accordingly forwarded their application to his Excellency ;
hot owing to some informality it was sent back refused.
The President sailed for Toronto in the William the Funith,
in order to bring the application before the Lieutenant-
Governor and Council. If it be granted, the Commercial
Bank will immediately take up the whole of the remaining
debentures, for the Kingston and Napanee Macadamized
Road, and the work will be completed forthwith. None of
our Banks have as yet applied to his Excellency and Council,
for the privilege of suspending specie payments.
" THE WEATHER.—The late favourable change in the
weather has generally revived the before drooping hopes of
the farmers, and should it continue, the province will be
blessed with abundance ; but we arc greatly concerned to
hear that much dulness prevails in the back townships.
One shilling is now the price of a 41b: loaf in Toronto.

" We are happy to announce that a requisition is signed
for the meeting of the Loyalists at Three Rivers on the 25th
inst.—another proof that the spirit of counter-action is
awakening."

We have received a New York paper, one day later, of
the 25th of July. We quote the subjoined :
" EMIGRATION.—There arrived at this port on Satur-
day, Sunday, and yesterday, 2,364 passengers, and the
amount of gold brought with them exceeds seven thousand
sovereigns."

(From New Orleans of the 27th July.)
" It is stated that one of the suspended Banks is about
o resume specie payments. Bank Shares, United States
[ 15i."

Quebec papers of the 17th July have the following :
" The Montreal papers of Saturday, and reports by the
steamer of yesterday, speak of troubles in the county of
Two Mountains, and of the march of troops in support
of the civil power. We apprehend that the latter piece of
news relates to the removal of some troops from Montreal
to Bingtown, the barracks at the former place not being
sufficient for the troeps in garrison ; as to disturbances,
we believe they are greatly exaggerated."
We hear that the Pi esident, packet ship from New
York, has brought 200,000 dollars.
The Quebec Papers give the following statement of the
number of emigrants arrived to the 15th July.... 15,854
To a corresponing period last year ........ . 17,572

I Difference in favour of 1836 1,718
A Montreal Paper states that the symptoms of change in
the minds of the French Canadians, in the city of Quebec
and in the parishes around, are as unequivocal as those
exhibited by the same class in Montreal and in many
of the neighbouring parishes. The reception Mr. Papineau
has met with in many of the counties in the district of
Quebec, is very different from what he anticipated.
The accounts by the private letters from New York of
July 15th are rather of a more favourable nature, but business
was at a stand for the present. Exchange about 20 per cent.
Canton Papers have been received to the 15th of March.
They say, " We have no local news of importance to im-
part to our readers. The opium question appears to be at
a standstill for the present ; and the only report that has
reached our ear is the bursting of some large pieces of heavy
ordnance at the Bogue Fort, which circumstance forms the
subject matter of an imperial edict, dated on the 13th day
of the new moon, 20th December, 1836. It is rumoured
that measures of active warfare against the Lintin fleet are
in contemplation by the local Government."
(From the Canton Price Current of March 14.)
" COTTON.—We cannot notice any improvement ; sales
during the week are reported to have been made of 2,000
bales of Madras, at about tales 8 to 7, and of 1,000 bales
Bengal at 9 per pecul. No demand for Bombay, Staple
Cotton piece goods continue in request.
" Ortust.—Several sales have been made in the last few
days, but at declining prices. The trade is in a very un-
certain state, pending the discussion of the Government on

the question of the drug being admitted to duty, and much.
doubt is entertained whether such an arrangement will take
place—reports being current to the effect that the Viceroy
has determined on resorting to severe preventive measures
for one year. Deliveries to the Bth inst :—Patna, old,
29 ; new, 31 ; Benares, old, 23, new, 4 ; Malwa, old,
1601, new, 65 ; total, 314. A chests.
" WOOLLENS maintain a steady demand."