The Sun.
London, England, 1853-02-24 00:00:00

MO.ArEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday, were
estimated at 6,000 bales, of which 500 American
and 1,000 Bahia were taken for export, and 500
American on speculation. Prices of American
under sd. per lb. were d. lower than on Friday
last, other kinds without alteration. The sales
comprised 4,500 American, 1,100 Bahia at 6d. to
Gicl. and 300 Surat at 3icl. to 4-id. per lb. Rail-
way Shares
total number of werefirmer.
The acres under cultivation, in
the forty-two counties comprising Canada West,
in the year 1851, was 3,697,724. Of these 782,115
were sown with wheat, the produce of which
amounted to 12,792,852 bushels. The great staple
of Western Canada is wheat, and the enormous
quantity above-stated may be increased ad libitum.
The probability is, that even this large amount is
set down at too low a figure. But assuming it to
be correct, and the price per bushel to be 3s. 9d.,
the respectable sum of 9,519,639 dollars was rea-
lised from this branch of agricultural industry
alone. Canada may well be called a great

country.
The amount of bills drawn by the Honourable
East India Company during the fortnight ending
this evening, was 61,5431. on Bengal, and 8,3751.
on Madras. Nothing was taken on Bombay.
At a meeting of the Governor and Company
of Copper Miners in England, held this day, a bill
for the amendment of the company's act of 1851
was submitted to the proprietors for confirmation.
This was a clause for putting by a reserve fund to
the extent of 100,0001. as soon as the preference
and other shareholders was paid their dividends.
The whole of the new capital of 200,0001. was said
to have been paid up, bearing a preferential interest
of 71 per cent. The bill in tote was approved by
the meeting. .

The course which the Bank of England may pur-
sue is still watched with considerable interest ;
but theorder to facilitate the operations of the Chancellor
of the
Exchequer, impression seems to be that, in
loans upon Stock and Exchequer
e preva prevailing
Bills will be made during the " shutting" of the
transfer books at 2 per cent. There certainly ap-
pears to be greater ease in the Stock Exchange,
and buyers are supporting the market for un-
funded securities, which, like Stock, are
not so abundant as might be supposed, look-
ing at the quotations. The fact that the
weekly statement, to appear in next Friday's
Gazette, is expected to show a further decrease of
over half-a-million in the bullion, is commented
upon by the speculators, but it was known that
such would be the case, because the Australian
Banks are sending out part of their capital. As to
the Continental demand, it is subsiding, and the
exchanges are becoming more favourable, while
specie is arriving from the United States, where
bills on London were last quoted as high as 110.
The vessels which left Sydney and Melbourne
in October last are now dropping in, the
Three Bells, which left Melbourne on the 27th of
that month, having on board 77,803 ounces, or say
310,0001. We have now the Bloomer, the Orien-
tal, the Alert, and the Roxburgh Castle to expect,
the total sum they have on board being about
900,0001. As to the freight of the steamers, they
may bring two or three millions, and altogether
our receipts, within a few weeks, may probably
amount to five or six millions sterling. In the
face of this, and with the knowledge that every
pound sent to our colonies fructifies and brings an
increased amount in return, it seems puerile to
regret the temporary abstraction of two or three
millions of gold. If it were taken for foreign loans,
then would there be sincere cause for regret.

The English Funds have been very firm, but
there is not much doing. The foreign political
news is rather more tranquillising, but the main
cause of the existing steadiness is a present scarcity
of stock. Consols have been 99i / for Transfer,
and 99/ alternately buyers and sellers for Account.
The New 31 per Cents. are 1031 g, and the 3 per
Cents. 1004 to . Bank Stock is at the previous
rates-2261 to 2271. Exchequer Bills are looking
up, and less is heard of an intention to demand
payment rather than exchange them. The old
bills are 12s. to 175., and the advertised Bs. to 14s.
premium. An influential broker bid for a consider-
able parcel.
The Foreign Market is quiet, but well supported.
Spanish New Deferred Bonds have been 23# to 1.
The Swedish Loan is at 1 discount. The Turkish
has been firm at the advance to 1 and 1± premium,
on the belief that the arrangement for a compro-
mise will be carried out. A new loan, on the
terms of the firman of last August, might prove a
temptation ; but after recent experience, we think
our countrymen will Zo best to keep out of the
affair altogether. Mexican Stock has been at 23'4
to 24k. Brazilian New Bonds are 97k. Dutch
Four per Cents. are 99 to and Russian Five
per Cents. 121.
The Railway Share Market is tending upwards
in respect to some lines. Better prices have been
obtained for Caledonian, Great Northern, Great
Western, North Western, South Eastern, and
York and North Midland.