The Sun.
London, England, 1853-03-21 00:00:00

MONEY AND COMMERCIAL NEWS,

CHI; MVO O'CLOCK.
The sales of cotton At Liverpool on Saturday
were estimated at 6,000 bales, of which 2,000
American were taken for export and on specula-
tion. The market was tame but steady, at pre-
vious rates. The.sales comprised 5,000 American,
200 Egyptian, at 6d. to Bd. ; 500 Surat at 31d. to
; and 200 Sea island, at ls. Bd. to 2s. Bd.
per lb. Railway Shares were again lower.
The Railway meetings announced are the fol-
lowing

Company. Date. Place.
Bourdeaux and Cette (in
liquidation) Claimant's
Meeting... Mar. 21, London Tavern.
Caledonian Mar. 22, Glasgow.
Irish South-Eastern
Lano. & Preston Junction Mar. 21, Lancaster.
Llynvi Valley
Londonderry & Coleraine
Manch. Sheff. & Lincolnsh. Apr. 13, Machester.
Maria Antonia Mar. 22, London Tavern.
Shrewsbury & Birmingham Mar. 26, Wolverhampton.
Shrewsbury and Chester Mar. 31, Chester.
Shropshire Union Mar. 22, Shrewsbury.
The evasion of promises held forth in the victual-
ling scales of emigrant ships is exposed in the fol-
lowing extra it of a private letter from Mel-
bourne :

" After a long and tedious voyage of sixteen weeks
and a half, we have arrived at last here. We came on
shore last Wednesday, and pitched the tent in a place
attached by Government for emigrants, about half-an-
hour's walk from the town. On the whole, we had a
nice voyage with but one or two squalls, but a very
tiresome one, and I would not spend another such a
four months on board a ship for anything. At the line
it was most tremendously hot ; we could do nothing
I lie about the decks panting with the heat ; after
that, as we drew near the Cape, it became much
colder, and we were forced to rest below all day for
the cold and wet, and not till nearly within sight of
Australia did it become any finer and wahner. All
the time we had to do most dirty work, wash-up dinner
things and tea things, prepare meals for cooking, and
scrub the lower deck and cabin, pump water for ourselves,
&c., till I was sick to death of the ship and all in it.
None of us expected to have to do all the dirty work that
we had. They even wanted us to go down into the hold
by gangs of a dozen each, and draw the water for our-
selves from the casks in the hold, saying the sailors had
not agreed to do that, and they had not enough of hands,
&c.; however, we refused to do it, and so they were
forced. We had, also, a great deal of uproar and discus-
sion about putting into the Cope for water, as they
feared they had not enough to carry us on to Australia ;
however, they found that they had enough, and so that
was settled after a great deal of quarrelling. The pas-
sengers then began to grumble that they had not
sufficient weight in the things served out, and having
some scales on board they weighed them and found them
wanting ; however, as their weights were as liable to be
wrong as the ship weights, they were forced to give in
and take the quantity served out, after several com-
plaints to the captain, who stood, of course, by his ser-
vants. After some time, cheese was done with, and we
were obliged to go without ; after a little more time
butter was done, and that too, the greatest luxury on
board, we were obliged to dispense with, and received
no equivalent for it or the cheese either. Such was the
stock of previsions for 22 weeks ; and had we been
another fortnight on board, I have no doubt we would
have been without everything else. As to the quality,
at first it was very good, but afterwards very bad indeed
—the biscuits especially being all over dust and cobwebs
when served ont, and large maggots inside, with weevels,
of which we eat hundreds, I have no doubt, before
suspecting that there were such things in them. The
beef was very bad, and tough. I never could manage it,
although my teeth are not bad. The pork also was
dreadfully salt and fatty ; none liked it, and I could not
eat a bit of it. The preserved meat and bouilli were
better, the best things in fact on board. The flour was
good at first, and then was bad and sour ; however, we
made tolerable bread of it. The rest of the things were
also tolerable, and so we made up with them what we
wanted with the others. As for this town at present it is
a very scattered place, with a great many wooden houses.
The streets are wide, and will be fine ones when more houses
are built and the population increases ; at pre 'eat it has
the appearance of some straggling large village in
England that is just beginning to grow into a town,
with building in every direction. Everywhere Gold
purchased here' meets your eye as you walk up and
down the streets, and everything is most exorbitantly
dew-. Bread is 2s. to 2s. 6d. the 41b. lope, milk is. per
quart ; meat is cheaper, as also tea, sugar, and coffee,
though far above the usual price ranging here. Boots
and shoes are enormous ; shoes none under 17s. per pair ;
boots, 31. 10s. per pair. For a straw hat like mine,
they ask 255., and other thlngs in proportion. For
clerks and such like to come here in expectation of get-
ting a place, is a great mistake ; there is as great a diffi-
culty in getting those places here as in Landon. In fact,
at present, for those who have no trade to rely on,
there is the greatest difficulty in getting a place. Some
that came over with us, carpenters and other trades,
blacksmiths especially, are well paid, and tailors also ;
all this makes me wish I knew a trade. Some of my
fellow-passengers have gone for shepherds, &c.—one, a
paralysed man, and have agreed for 351. per year, board
.-nd rations ; so that if every thing else fails, I can take
to that. I shall get nothing in the town, and, at the
present prices, if I should stop here any longer I should
spend all my money."

The steamer Arabia brings late accounts from
New York, Canada, &c. The business reports are
duller from most parts of the United States, and
money was tighter, principally among the stock
speculators, the result being a considerable fall in
some of the " fancy " securities. This is a salutary
change, however, since it w ill tend to check
speculation, the exports from this country
to America having, since January, been large.
The Americans, however, have ample means to
meet their liabilities, and there will be no doubt
a good trade this year at fair profits to all con-
cerned, California absorbing a good deal. The
st •amer has 250,000 dollars in specie on board.
Cotton was rather cheaper, and provisions were
tending downwards. In freights there was very
little alte- -tion. A conflagration at New Orleans
had consu ned. 18,000 bales of cotton.

There has been a very agitated market for public
securities in consequence of the news from Turkey,
and the evident importance attached to the subject
by Government, seeing that a Cabinet Council was
held yesterday. The opinion in the city is that an
amicable settlement will yet be brought about, but
that Turkey is steadily losing ground, and will re-
quire the united and vigorous support of both Eng-
land and France to keep her up as a nation.
Consols have been done as low as 99 for Money, and
at 99g. They are now 991 The Account prices
have ranged from 99A to 1, and at present are 99i 2.
South Sea Stook is worth 109 a, and a bargain has
been effected in the 3 per Cent. Annuities of 1726
at 981. Exchequer Bills, dated June, are 9s. to
135., and those of March 10s. premium.
The foreign market has been also materially
affected by the news. Peruvian Scrip has declined
to 3to 31- premium, and Mexican to 251 Chilian
6 per Cents. alter being as high as 107 have receded
to 105 . Bue 103 Ayres Eonds have been at 618.
par Cents. at 93. Austrian Bonds are
quoted 93, and Dutch Four per Cents. 9S-. Rus-
sian, Five per Cents, have been 116 to 114-, being
a fall o" 2to 3 per cent. Sardinian have dropped
from 971 to 95. Dutch Two-and-a-Half per Cents.,
which were 67-- on Friday, are now 64k. Spanish
Deferred Bonus are 24 to a decline of to ;
and the Certificate is only at 7.
The Gold Mine Marken is depressed, and the re-
action is about f on some of the IL Australian
shares, the Californian being likewise rather
eater.

The Land Companies' shares have given way
again—the Agricultural about 1/. to V., the South
Australian 21., the Peel River to 1, and the
British American Land 21.
The Joint Stock Bank shares have been duller,
but with no pressure of sales.
The Railway Share Market has been down about
to 1 per cent, for the
principal English lines—
North-Western, Lancashire and Yorkshire, South-
Western, and Caledonian being most dealt in. The
French shares are all worse. Northern are down
about 1/.• Lyons, 1/. to 255.; and Sambre and
Meuse, Amur, and the others proportionably.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY.
(Pront the °Stela List.)
Busine, done.
3 per Cent. Consols Annuities
3 per Ccut. Consols Annuities, 1726
South Sea Stock
Consols for Account 13th April
Exchequer Bills, ud. June. March.
£lOOO .................................... 913 10
£SC3 .......................................
5ma11....................................... 914
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Aastriau Bonds, 5 per Cent.
Brazilian Bonds, 5 per Cent.
Ditto New, 18j2, 4A per Cent 9B
Buc os I :s Bonds, 6 per Cent 6l
Chilian Bonds, 6 per Cent.
Ditto, 3 per Cent B2i
Dan'sh 3 per Cent.
Mexican 3 per Cent.
Ditto for the Account.
Peruvian Scrip
aPd
Russian Bonds, 5 pe' Cent.
Ditto for the Account ll6 17
Ditto, 44 per ce-i. 1034 3
SarOiniau Bonds, 5 per Cert. 95
Spanish Ponds, 3 per Cent 4Bl i
Spanish New Deferred, 3 per Cent 244 4
Spanish Committee Cert. of Coup. not fun 74 P a
Dutch Exchange 24 per Cent 61;4
Ditto 4 per Cent. Certificates..

Consols
Ditto April Account

HALF-PAST TWO.
99/3-
99A I

SERIOUS ACCIDENT.-At the Carrick races, on Tues-
day, Captain King, of the 49th Regiment, now stationed
here, whilst leaping his horce over a fence, the animal
fell upon him with great force, which caused serious in-
jury to the rider. He was immediately conveyed to the
hotel, where he now lies in a dangerous state. The gal-
lant officer is only 26. or 27 years of age.—Waterford
News.

THE UNIFED STATES.

(BY ELECTRIC TELEGRAPH.)

LIVERPOOL, MARCH 21.
By the Arabia, which arrived in Liverpool at
six o'clock this morning, we have dates from New
York to the 9th March.
The Senate has confirmed the new Cabinet :
Governor Marcy, State ; Mr. Guthrie, Treasury ;
Mr. M'Clelland, Interior ; Mr. Davis, War ; Mr.
Dobbin, Navy ; Mr. Campbell, Postmaster ; Mr.
Cushing, Attorney-General. Their affirmation of
the Monroe doctrine in the President's inaugural
address excites much remark and some apprehen-
sion of difficulty.

The International Copyright Treaty is before
the Senate.

Senator Clayton has called for papers relating to
the Clayton and Bulwer Treaty, Honduras, &c.
The United States ship Vandalice has sailed on
the Japan expedition.
The people of Nicaragua have threatened to de-
stroy an American steamer because she monopolises
the transit trade.

Eight emigrants have been killed in a railroad
collision near Lewistown.
A terrible fire has occurred at New Orleans,
which destroyed cotton worth $BOO,OOO. Several
negroes perished.

The Baltic arrived on the 6th.
Tampico has pronounced in favour of the return
of Santa Anna to Mexico.

The Arabia brought 56 passengers, and $215,000,
200,003 of which were for Havre.

MARKETS.

Money is certainly tighter and higher—say from
8 to 9 per cent., owing to a kind of quasi-panic,
arising out of the miscalculation and imprudence
of one or two banks ; stocks are therefore agitated
and declining. The bank that chiefly made the
difficulty has been aided.

Sterling Exchange flat, at 1091 to 110. Stocks
rather declining.
• Cotton quite dull, holders not pressing on the
market ; sales small. Average of middling 110.
Flour has dropped 12c., owing (to the Baltic's
news, and very heavy. No other change.
Freights dull and low.

Cotton feverish at New Orleans. Middling,
81e. to 81c.

BANKRUPTCY COURT-(THIS DAY.)

(Before Mr. Commissioner Holroyd.)

IN RE GIBBON.-THE ST. ALBAN'S BANK.-IMPORTANT
JUDGMENT AS TO PROTECTION AFTER REFUSAL OF CER-

TIFICATE.

His Honour this day delivered judgment on the very
important question whether the Court had power to
grant protection after the certificate had been wholly re-
fused. This bankrupt, it will be remembered—the ar-
guments having been recently published—had carried on
business as an attorney and a banker at St. Alban's, in
partnership with a person named Sturt, who was also
made bankrupt. The present judgment was given on an
application, by way of petition, for his Honour to grant
protection, or to recal or reverse the certificate.

His Honour said that he had most carefully considered
the different clauses of the Bankruptcy Law Consolida-
tion Act bearing on the point, and could only come to the
conclusion that he could not nor ought not to grant the
application. His Honour referred to the 112th, 162 d,
196th, 207th, 257th, and 259th clauses—but more par-
ticularly to the 257th section, and tie cases of Cowgill,
16, 2 8., 246, and Stanton, 1 bankruptcy, rep. 7. His
Honour said that the bankrupt had gone over to
Boulogne. out of the jurisdiction of this Court, and still
remained there, consequently he had avoided the clause
which had been inserted for the purpose of punishment ;
it would be most mischievous to grant protection in such
a case, and he was also bound to say that the petition
must be dismissed with costs.
Petition dismissed accordingly.