The Sun.
London, England, 1854-08-09 00:00:00

TILE GOLDEN AGE STEAM-SHIP'

The following letter has been received fromt"h
e „Age
tain of the Golden Age steamer, describing her Pe
• from Sydney to Panama : the
"Gentlemen,—l have the honour to acknowleln-r
receipt of your communication of June 21, askillgi•,
.:e
formation respecting the establishment of a steam
tween this place and Australia ; also about the faeo out
for coaling, &c. It affords me pleasure to giv our
the information you require. I am strongly In fa t
of this route for side-wheel steamers, as I think 1 dos,
become the quickest route to England by tell,
and by far the most pleasant one. I will go"- sail
the facts connected with cur voyage, and 37°100
judge for yourselves. We left Sydney deep
ore O.
d in
with coal (and very bad coal it was) ; we sue- 3,4
Tahiti in thirteen days and a half—distance Oa ea is
miles, and 144 of current against us. We relnal,.,l4ial
Tahiti six days, and took on board, in eighty ,_l7—,siP
hours, 1,140 tons of coal, employing the natives,_ wu°:tisa?'
proper arrangements, would do it in one-third less t 1
in
We left Tahiti on Use 31st of May, and arrived P,„-ileo,
eighteen and a half days—distance run 4,532 r;slis'
515 miles of current against us—making the wit-rciar,
tance actually run on the trip 8,653 miles. Itew-1,0r5
from hero to Sydney a ship would only have to Tallfaoar 'n.
miles, owing to the current and winds being in her of .:!/1,
the entire distance, which would make a differelle,ollsk
six days in the voyage ; and it might be made in 14°'.sq?'
days less time from this end than from the othervt•
river was ever smoother than was the Pacific the feftsf'
voyage, with the exception of three or four der b,
leaving Australia, when the weather was a little rougohips
" Tahiti offers every facility for provisioning a oka
The harbour is one of the most beautiful I ever san
ship can lay alongside of the dock, and be supPlle`4, the
water in a very few hours. The island abounds Wit:a the
most delicious fruits belonging to the tropics, e'utbori- -
health of the place is undisputed. The Frenchliup
ties are extremely anxious for the establishment e.,
a To
of steamers, and offer every facility one could d„eie,l—t
us they were exceedingly kind and attentive. That
a line will eventually succeed there is not the,.ei,.Zy t°
doubt ; and the only thing that would be Jip'-rifliaa
prevent travelling this way at present is the 110.0408
difficulty• about crossing the Isthmus. The f°,notilet
is the time which this ship would make on seac-
h
voyage, and the whole time it would take to fora
England :—From Sydney to Tahiti, 11 days 12 heure4oursa;
Tahiti to Panama, 16 days •to cross the Isthmus, s, 1'
from Aspinwall to England, 18 days ; total, 45
with 0010
hours. Forty-five days and nineteen hours,
0,0010.
days' detention in coaling at Tahiti • returning;
take forty days, with three days' 'detention la c The
-
The overland route can never come up to this tire% vsaY/
consequence will be that all the mails will come th' for
the specie will follow the mails as a matter of cosyilee'colf
the drafts on England will go in the mail bags. T tile,
discomfort in the whole route is the trifling passage witll• •
isthmus, and that the railroad will soon do 9'l7°7:voyage'
The weather is cool and delightful throughout the lasioas,
From the above facts you can draw your own uonc aoB
and form quite as good an opinion as I [could, ,„ 23.
seen it all.—Steam-ship Golden Age, Panama, June

are to tPhEeTI.EsRtBiI3nUstR.G,
i n cons--
that the rate of exchange was a little higher,
(711tleriee, probably, of the increased despatch. of PNchlae°
PETERSBURG.—The
thiele;dcvoincteasinfrnoomthSintg. Pn
eevrt e resxbeuepigt
from Archangel before the commencement of the blockal
on the Ist of °e
Augnst. At the last dates a thous
casks of tallow were at that port for shipment, and °lr
were expected. 1:., .. vii. :.-1;:•
•.

MONEY MAR KET

AND

COMMERCIAL INTELLIGENCE.

CITY-. TWO o'CLOCK.

The sales of cotton at Liverpool yesterday
Were estimated at 5,000 bales, all to the trade.
The market closed firmly at previous rates. The
Bales comprised 4,000 American, 400 Pernam
and Maranham at 6,1-d. to Bd., 300 Egypt'an. at
6d. to 81d., 300 Surat at 2-id. to 4d. per lb. Rail-
Way Shares were dull at rather lower prices.
There was more firmness yesterday afternoon in
the rates at which bills of exchange were drawn
upon the Continental cities, but with very little
doing. Trieste was a shade lower. Paris, 90 days,
Was done at 25 25 to 30 ; Amsterdam at 11 17 to
17k, Hamburg at 13 6 to 7, and Trieste at 12 28
to 34,

Most of the Australian gold has been taken for
exportation, and even that, per Medway, delivered
yesterday, has been mostly taken for shipment.
The gold by the American steamer, being chiefly
fine, has been melted and sent into the Bank.

Mexican dollars have been in demand at ss. 2cl.
per ounce, Spanish Pillar Ferdinand dollars at ss.
3d., and Carolus at Gs.

The Hon. East India Company drew bills, dur-
ing the fortnight ended yesterday, to the amount
of 133,7031. 14s. 4d.

The parties interested in the illegally created
sterling bonds of Peru have made application to
the Committee of the Stock Exchange for permis-
sion to have them quoted in the official list, as the
object for which they took these securities cannot
be attained unless the public is entrapped into the
buying of them. Once open the door to such mal-
practices, and all 'protection for the English
creditors of foreign states is gone. A well-
founded jealousy exists in England at any
attempt to increase the permanent debt, except
by direct authority of Parliament, and how

much more necessary is it, therefore, to resist such
facile means of adding to debts abroad? The new
bonds which the Peruvian agents are now attempt-
ing to circulate here represent a home stock
granted to some extent in compensation of claims
for damage to property during the civil war, but
enormously exaggerated beyond the amounts that
were really due, Court favourites who bought up
the claims being, of course, particularly successful
in getting them recognised. In this manner a
Very large home debt was saddled upon the Peru-
vian, people, which a future Government may well
_feel justified in cutting down. Other of the new
bonds have reference to a railway contract that is
Partly dependent upon their realisation for success,
and when we consider all these circumstances
and the warm interest which the Earl of Ca.'

rendon has taken in th© matter, we think no
bondholder, however he may, from imper-
fect information, have allowed the parties
interested in the new stock to gain his tacit ac-
quiescence to a paltry compromise, under the
guise of an increased sinking fund, will feel bound
Morally or legally to continue that acquiescence.
At the Australian Consols meeting to-day, it
was agreed to re-organise the Company, with an
accession of members of the Shareholders' Com-
mittee to the Board of Direction.

The English Funds have been very flat, princi-

pally upon the indication of a change of weather,
• but there was an absence of any definite foreign
-news. The supply of stock being so much larger
recently, owing to sales by the broker acting for
the Court of Chancery, and also on account it is
said of the Irish Banks, makes the jobbers shy of
puchasing more unless at a reduction, and the set-
tlyment on the 17th inst. will consequentlybe looked
for with interest, if not doubt, though the account
is supposed by many to be bullish. Consols have
been 921 to 921 for Transfer, and 92g- to for
Account. We shall see in a few days whether a
contango arises. Bank Stock is firm at 209 to 210,
Exchequer Bills are is. discount to 2s. premium,
4nd the Bonds are tog premium. There is
rather more ease in the market, another instalment
of 25 per cent., say 500,0001., having been paid
ye sterday upon Messrs. Rothschild's contract.
The day of settlement in the Cumberland Her-
ta tite Iron Ore Company's Shares on the Stock-
Exchange is fixed for Monday, the 14th inst.
_Foreign Securities are quiet and rather heavy.
Per avian 41 per Cents. are 69 to 69k, and Bra-
zilian New Bonds steady at 94. Russian 5 per

Cents• at 99, being at the full. previous value.
Sardinian Bonds have realised 85 to 85k. Spanish
New Deferred are weaker at 19,5„ and the Passive
at Dutch 2i. per Cents. are at 601, and the
4 per Cents. 92, being lower.
The following are the nominal prices of foreign
stocks .:—Grenada Deferred Bonds, 6to ; Mexi-
can, 24 to 24i ; Peruvian, 68 to 70 ; Ditto 3 per
Cents., 51 to 52 ; Portuguese 4 per Cents., 39 to
41 ; Russian 5 per Cents., 97 to 99 ; Ditto 41 per
Cents., 83 to 85 ; Spanish New Deferred, 19 to
19 ; Ditto 3 per Cents., 39i to 40 ; Ditto Certi-
ficates, 5 to 51 ; Ditto Passive, 4 to 4±.
A moderate business is doing in English Railway
Shares, but sales still predominating a further de-
cline has taken place in the principal lines. This
is most observable in the instances of Great North-
ern, Great Western, Lancashire and Yorkshire,
-Brighton, North-Western, and Midland. As ex-

•ceptions must be noted, Eastern Counties, North
.British, and Shrewsbury and Birmingham are
firm, and Edinburgh and Glasgow, together
'with Edinburgh, Perth and Dundee, have ad-
vanced. The Foreign and Colonial lines have
,been very little dealt in. Great Luxembourg are
E teady, and Northern of France higher.
Mining Shares are dull, and Portgibaud are
LDwer. In Joint Stock the transactions have been
wry limited, and prices nominal. Land Shares
/tre without particular variation, and Crystal
Palace are not lower.

RITISH FUNDS THIS DAY AT ONE O'CLOCK.
( Front the Ofteictl List.)

Pusiness done.
BE talk Stock
3 leer Cent. Reduced Annuities.. ........
3 i per Cent. Consols Annuities 92a i
3i per Cent. Annuities 931 0 i
Lc.ng Annuities, Expire sth Jan., 1860 -16
D'. MG 30 Years, Expire 10th Oct., 1859 4;
Consols for Account 17th August 92li ft
Exchequer Bills, lid.
£IOOO
Small 4 pm par
Exchequer Bonds Scrip • 9Bs
Ditto 1859
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent. —
Ditto New, 1852, 43 per Cent 943
Peruvian Bonds,t4i per Cent.
Russian Bonds, 1822, 5 per Cent. £ St 993
Sardinian Bonds, 5 per Cent ......... ...
Spanish Bonds, 3 per Cent -,--
Spanish New Deferred, 3 per Cent 193
Ditto Passive (Converted)
Dividends on the shove payable in London.
Dutch Exchange, 2i per Cent. 12 Guil
Ditto 4 per Cent. Certificates . ..
HALF-PAST TWO.
Consols 92?: h'
Ditto August Account

.
1
•
•

PRICE OF GOLD.—The quotation of gold at Paris is
about 4 per raffle discount (according• to the last triff),
which, at the English Mint price of 3/. 17s. 101 d. per
ounce for standard gold, gives an exchange of 25.07 ;
and, the exchange at Paris on London at short being
25.00, it follows that gold is about 0.28 per cent. dearer
in Paris than in London. By advices from Hamburg,
the price of gold is 42112 per mark, which, at the English
Mint price of 3/. 17s. 10Ad. per ounce for standard gold,
gives an exchange of 13.31- ; and, the exchange at
Hamburg on London at short being 13.44, it follows
that gold is 0.53 per cent. dearer in London than in
Hamburg. The course of exchange at New York on
London for bills at 60 days' sight is 1094 per cent., and,
the par of exchange between England and America be-
ing 109 23-40 per cent., it follows that the exchange is
nominally 0.17 per cent. in favour of England ; and,
after making allowance for charges of transpOrt and
difference of interest, the present rate leaves a trifling
profit on the importation of gold from the United
States.

SUDDEN DEATH OF MR. R. SNOW.—Yesterday morn-
ing, Mr. Langham, deputy coroner for Westminster,
held an i❑quest relative to the sudden death of Robert
Snow, Esq., aged 49, late of the firm of Snow, Dean,
Paul, Strahan and Co., of the Strand, bankers. It ap-
peared by the evidence that deceased, who had previously
been subject to fits of an epileptic character, was found
dead in his bed-room by a servant last Friday morning.
.The post mortent examination showed that death was oc-
-0 asioned by disease of the heart, and the jury returned
a, verdict accordingly.

PLYMOUTH, Tuesday Evening--Three deaths have
occurred in the Sound on board the hospital-ship An-
dromeda since the death of Sergeant Taylor on Friday
—namely, two children, named Elizabeth Murphy and
Edward Barnsley on Saturday last, and James Joseline,
60th Regiment, to-day. There are now 16 sick cases on
board ; twelve of those are cholera cases, of which four
are almost hopeless—viz, two soldiers, one woman, and
one sailor. Five cases of diarrhoea are under treatment
on board the receiving-fillip Endymion.