The Sun.
London, England, 1853-08-10 00:00:00

AMERICAN SECURITIES.

ahThowe following •
1831e.the Canada Jour.na,,
wheat, both statement from
til,rh°
eUnited States exports.s ofunbdreeradthsteuffnsamsienceef
statement comprise ,
wheat and flour
Value.
133Fears,3
... ..................................... 9134u451h,e01 9e 0 10,461,715
544,,,964744246,:611208232
4,560,379
1834
..................................................... 444:42801:31:,807906981
1835
................................
3,944,742 1836
................................. 2,529,062 3,574,561_
18371838
.................................................................
21:260170:489968 3,014,47r4
3,617, 6
188 .............................
: ..
3,712,080 7,069,3
. 9 ............................... 11 198 365 11,779,098
1
18418" ......................... 8'447,670 8,582,527
. .............................
~237,968 8,292,308
1842 ................................. 1.,
~
„,„55 4,027,182
89
184 a" •-. ......................... 47,0751:8- 7,23325,3728
18844' . : ..... - ...................... 6,365,866
18445 e. ................................ 13,061,175 1353;316803:1461
' ''
..............
''''
"'A
431 --) -0,
11347 ...................... 22,61', - 15 863,284
18848 ............................................ 12,6036175:659790i
49
................................ 12, 1:17_,,073472:433105
1,850 ........................... 7,53 , ~,, 11,543,063
'B5l. ............................ 11,028,3 v '
....
397 against 9, 1
bushe s.
ar,Tii,eerincrea.s in.tlie.expollsoo2fBl, 1851 over those of 1831,
lAls, lay. trifling •being ,
b been a
lii 4.l_e ,or an increase in 21 years of 1,687,307 bushels.
kr„"ee quantity grown there has ueanrcilyueasltli
13 t augmentation ; but it hasdn
as
lay the home consumption ; an
file:, Ino
Years,n eahr.lwy
eakßutezhtgapswa chbeieewehniththtehwe
brought that
unquestionably
consumptionabsorbed d
aegpieet.irioef
wheat
-growing
t_tiv next otwr eeanstoynyteoareso,ncslhuedwe theatnhat
considerable exports
iwill,nere
increase
21
ether their present amount. Inythe fiduurtgatitohneslwasltii
~,,,,e -United States exports exhibit,..
.t-ars, there is evidence of an ability to fugrrneiasth
emerr
han the ordinary supplies on .
somee
prices. The year
tieY, or on the temptation
,e 6 Witnessed a great increase, occasioned famine
ernd
abrkyett,he underfree
ei4sion of bread-stuffs into the English
The famine
year Peration of Peel's free trade measures.
fir:otit: of 1847 dniotuebdledsttaliteeso.rdiTnahreyy exports. eof
2b2re,oaodost,ioiffoos
Iluerele"..:_, ~.wia ei3fgw,yheeaart
t;ebeuntet.hhealsfutbhsaetqaume nretoufenaetl. fall in
shows
sff
tihnaevery
itik trecixpurtation of 1847 was a convulseeactlffnoertt,
hwelisiecsh.
t i„,illarY times, and at ordinary prices,l
p:ortaez.f
blrteasdeems a safe
hconucluitseiodnsttaiteens,htahvaet
rtehaethee_xd-
stuffs from t e n
"eniethi •
na ng like their maximum point ; and that in ordi-
fur!' times there is not likely to be mucfahetiunrcerseatsheeirne
el:111.e• The increase of domestic manufactures
pro.
eates a home consumption equal to the i
exllpetoirtto.f breadstuffs, and thus prevents an augmented
, ion.
t'lf bile the United States' exports of breadstuffseiaript:
ar to have reached something like their hi
"Ports of these articles from Canada agrehe
much as
seer
few years, and now are about one-half ase flour
to
those of the United States. Reducing det:oupbling
nshels, at the rate of five bushels to the barrel—the
abovernle adopted in the case of American flour in the
to tble—the exports of Canadian w ea,ts from 1838
1852, both inclusive, have been as follWhoewat. _
111 888 344 901 ............................................................................................................................... 12;736 93176038 Bushels.:
" 018
230
0963
1838
............................. 249,471
1111:888884444:346..........................................................................................................1................................................................................-................................................. 122133;35856959844037357:::90313219:22828604
.......
•
1845
.....................................
3,
12 7--
,3 , 57
1847
............................. 2 248,016
1850 . . .......................................... --, ,5,896
1851 ...................................... 4,21
1852 ............................................ 5,496,718
~,,j_t aP:p.e. a-rs.. . 13..;th.e. . 8.-13.0.V.e.-state-m-ent.
th"at In 1852 were about eighteen times great as
iey were in 1838. They have doubled four times
that our exports o
4 fifteen years, or more than once in every
now
Years for the last fifteen years. They
the much as the exports of wheatare from
-e Unite States ; and at the present ratio of increase
*---doubling in every four years—our exports of wheat
'Will, in 1856, be equal to those of the United States.
shel.There is no known reason why our exports of wheat
not continue, at their present ratio, for some
finest
There have recently been opened some of the
VieSt Wheat-growing tracts in the country. These set-
einets are fast passing that stage when they witness
set-
a sumption greater than the production ; and will in
future make large additions to our exports. Other new
settlements will shortly be opened ; but there is no rea-
son to suppose that they will, in their early stage, cause
411,,Y such increased consumption as to curtail the amount
Si°'' "Ports ; and in a few years every new settlement
dll:rust add its quota to the exports of the country. Be-
sides the extension of settlements, thei e is another source
ef increased roduction now beginnng to ber-
eeptible : we p
allude to the measures i
taken ine sopme
tf the older settlements to increase the produc-
iens of a given area of land. Whatever the
Reneral avera.ge yield of wheat may be through-
out the province, it is a matter of individual observation
that lands which used to yield about 20 bushels of
wheat to the acre now yield 40 and even 50 bushels.
'lle improved methods of farming which brings about
these increased productions are silently making their
''''ay in many of the older settlements, and must make
their effects apparent in the increase of our exports of
breadstuffs. From all the circumstances it is obvious
that Canada is destined to become, in al few years, the
greattst wheat exporting country on, the Continent of
ikinerica.

It appears by the last advices from New York, that
the Secretary of the Treasury is carrying out the resolu-
tion adopted by the United States' Senate in April for
procuring a statement of the amount of American Se-
curities held abroad, and has addressed a circular to the
various incorporated companies throughout the country,
mentioning the particulars he requires. The resolution
of the Senate was to the effect that the return should,
as far as possible, include not only State stocks, but
railroad bonds and shares and all other kinds oorf invest-
ment, and although, owing to the large prop
roactionsults
of
these securities that are payable to bearer, the reh
to
that may be arrived at can scarcely even app
accuracy, they will furnish the means of forming a
rough estimate which will be extremely valuable for
general purposes. After quoting the resolution, the cir-
cular proceeds as follows :
"In order to enable me to comply, so far
to you if you
as practicable,
with the above resolution, I will be obliged
will communicate to this department,
" Ist. The amount of capital stock of your
company, theamount actually paid in, and the amount, so
well as can be ascertained, held by foreigners residin, be-
yond the bounds of the United States, on the 30th June,
1853.
" 2d. The whole amount of bonds, if any, issued by your
company, and the particular amount, so well as can be as-
cert,ined, held by foreigners residing beyond the bounds
of the United States on the 30th June, 1853.
" As the resolution requires the report to be presented
at the commencement of the next session of Congress,
your attention to this request, at as early a day as you can
make it convenient, will confer an obligation on this depart-
ment."

QUARTZ GOLD IN CANADA•

There is every reason to believe that the world will
soon be as much startled with the discoveries of gold in
Lower Canada as it has
these discoveries have
been made, although for certain reasons a remarkable de-
gree of mystery and secrecy has been thrown over the
affair ; but the fact is nevertheless undoubted that the
existence there of quartz gold to an alarming extent is
fully ascertained. It will be recollected that Mr. Logan,
the provincial geologist, in writing to a Montreal paper
in refutation of a stock-jobbin, rumour to which we
have before referred, expressed ;doubt whether the gold
in Lower Canada will reward unskilled labour ; but he
makes no denial of the existence of quartz gold, which
can only be successfully worked with scientific appli-
ances. The company recently incorporated by the le
gislature is preparing to work the gold mines in Lower
Canada which are known to exist ; and there is every
probability that the result will create no little sensation
and astonishment.
It is impossible to regard the discoveries of gold in
Lower Canada, in ever so great abundance, with un-
mixed satisfaction. Our population has just now its
hands full without gold mining. All the available un-
skilled labour finds abundant demand in the construc-
tion of railroads and other works ; and a gold mania
just now would arieet the course of improvement and
unsettle everything. It would retard the advancement
of those gigantic enterprises which are just going into
successful operation, and take from agricultural opera-
tions the chief incentive to their prosecution. A mania
of gold hunting, if the business were tolerably success-
ful, would create so violent an action on the labour
market that the prosecution of any great public or pri-
vate enterprise would become impossible. We should
be able to complete no great schemes of railroads for
years. The high stakes, the excitement, the feverish
hope of sudden wealth which gold discoveries create,
are too much for weak heads and strong enthusiasm.
Gold mines are iu no sort essential to the prosperity of
this country ; its present sources of prosperity are more
certain and subject to fewer accidents and contingencies.
I
Life has fewer risks, and health less impediments to
encounter. Under all these circumstances, it will
scarcely be possible to view the discovery of gold in
Canada at this particular time otherwise than as a
calamity and misfortune.—Toronto Herald.