The Sun.
London, England, 1853-02-18 00:00:00

IIfON.EY AND COMMERCIAL, NEWS.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool, yesterday, were esti-
mated at 6,000 bales, of which 1,000 American were
taken for export and on speculation. The market was
quiet but steady. The sales comprised 200 Pernam and
Maranham at 60, 50 Bahia at 61d to 61d, 300 Egyp-
tian at 71d to 10d, and 700 Surat at 3id to 44d per lb.
The Railway Market opened flatly, but closed steadily
at previous rates.
In the Colonial markets this week, there have been
fair sales as regards the principal staples, and prices have
been fully maintained. Sugar has found a ready sale,
and coffee has been in request, with rather a limited
supply Holders of tallow have been firmer. Cotton
has been quiet. Tea has been in request, both as respects
black and green of the useful qualities. For indigo and
Wool the demand has been brisk. Saltpetre has ad-
vanced.

_ The following are the leading paragraphs in a conven-
tion recently signed by Chili with this country :
"No duties of tonnage, harbour, lighthouse, pilotage,
quarantine, or other similar or corresponding duties, of
in nature Sr under whatever denomination, levied
no the name or for the profit of the Government, public
p.netionaries, corporations, or establishmocts of whatever
4111 d, shall be imposed in the ports of either country upon the
vessels of the other country, from whatever port or place
arriving, which shall not be equally imposed in the like
oases on national vessels ; and in neither country shall any
duty, charge, restriction, or prohibition be-imposed upon,
nor
any drawback, bounty, exemption, or allowance be
fwithheld from, vessels, or goods imported into or exported
t one country in vessels of the other, -which shall not
Le equally imposed upon or withheld from such vessels, or
gooc
when so imported or exported in national vessels. It is
understood that the two high contracting parties reserve
the coasting trade for their own national vessels.
All vessels which, according to the laws of Great Bri-
'am, are to be deemed British vessels, and all vessels which,
according to the laws of Chile, are to be deemed Chili=
deBsels, shall, for the purposes of this Convention, be
"
deemed British vessels and Chili= vessels respectively.
If either of the two high contracting parties deem it
for its interests to terminate the present Convention, it
will be incumbent upon that party to give twelve months'
reviotts notice from the' date of the exchange of the rati-
nfttions thereof."
Inakes
14r. Haggard, of the Bullion-office, Bank of England,
the following suggestions "The
present money of account is in pounds, shillings,
told pence—£.
s. d.
and "A new money of account may be in pounds, florins,
demes-2. fl. d.
" The decimal system of money may be arranged with
little alteration in the coins at present in circulation, by
Djoiding the present sovereign in 1,000 parts, instead of
enb.i.as Ilow. The silver coin having a seignorage of 10 per
and the copper coins nearly 30 per cent., a trifling
, teration in them would not be felt ; they are tokens, and
not affect the standard of value.
CURRENT COINS.
Vx°l(l.'"--A. Bove • l,OOO money of account, £
tinalf ftetlog 11
5
"ler.--- Ralf
shillings 250
Two shillings & sixpence 125
Florin lOO money of account, il.
Shilling 5O •
Sixpence 25
Dome, or ten farthings
Ralf ditto 5
One farthing . ... l."
The following notice has been issued by the Stock
7nange Committee :
' The committee regret that they are again compelled byin
ellinstances beyond their control, to postpone the settl-
Q,,g day of the shares of the Australian Agricultural
,„
of which was.fixed for the 21st inst., on the faith
fe a Public announcement by this company that the trans-
It'. books ' would remain closed until after the special
eral meeting convened for the 11th of February ;' and,
8?.? en the assurance of the secretary, given to the chair-
of the committee, on the 15th inst., that no obstacle
b.
' existed to Finch settlement.
do"
The committee having received a written communica-
zan from the company that the books of the Peel River
fend arid Mineral Company,' will be opened for the trans-
tff ef those shares on the 28th inst., and the publicadver-
tisement stating, that the books of the Australian Agricul-
4ral Company, will be opened on the Ist March, do now fix
botegnesday, the 2d March, for the settlement of shares in
cell:Tallies hoping that no further impediments will
belc'eated by the company to prevent the settlement then
'g carried into effect."
The advices by the steamer from Buenos Ayres are
satisfactory.
• The East India Railway Company has just held its
eixtil
annual meeting. The report states that the Com-
oY continue to receive every assistance from the
nourable East India Company.
thong the curious ideas broached in explanation of
Chancellor of the Exchequer's intentions—seeing
hewhas taken what some parties deem a bold step in
is ering the interest on Exchequer Bills—is, that he
I 8° overburdened with surplus means, that he would
doebglad to have a considerable amount of the floating
andt
thusthrown back upon his hands. for payment,
to f reduce the total circulation, so as
and ...°ree parties to look to funded securities
4)0
thciu, a permanent advance being established in
simpl t 0 attempt a reduction of interest on Consols. We
Cult Lrnention this to show how facilely the most diffi-
Mear;:'erations are accomplished by mere theorists, for
con Pf a much readier kind exist to bring about a
versic,
the sum '5 if the Government could really command
The repre
En i; sented by the Exchequer Bills called in.
Consols "IA Stocks are steadily improving, and
have at length again reached p4r for Account.
file quotations for Transfer have been 99i to I. The
nre favourable aspect of affairs at Paris, and a report
that Lord Cowley brings over very pacific assurances
from the Emperor Louis Napoleon, have the effect of
c llPPorting prices, in conjunction with the purposed re-
maetion in the interest on Exchequer Bills. These latter
are now quoted at 25s only for those bearing lid, and
155 for the "advertised." Bank Stock keeps steady at
227 to 228. East India Stock is at 266 to 269, the pre-
'lolls rates.
tiTot much general business is doing in Foreign Semi-
; but they are firmer. Mexican have risen to 23i to 24,
11,1 ' Sardinian have touched 95. Spanish 3 per Cents.
are worth 48i, and the Deferred 231. Portuguese 4
tr Cents. have been at 39. Grenada Deferred have
ien heavy at 11. Russian Old Bonds__. are marked 121
t,,
• t:lt, and Dutch 4 per Cents. are 984.
birilwa Shares have been improving, and fuller
11-sees have been obtained for Ambergate and Midland,
rigs Western Edinburgh, Perth and Dundee have
Northern,
21. to 31., Great Western 1, toand Great
Caleonian, and Lancashire and Yorkshire
N44l'e better. French Shares are still rising, and a good
os is doing in Westerns, Lyons, Strasbourdgs., and
wierns. Great India Peninsular have a vanced,
—l7PPer India are very firm at A premium.
Australian Banks have advanced.
A 'e Land a
Cora
Companies Shares are not so good. The
estralian Agricultural have fluctuated 11)1., owing to
The being postponed.
lia " Gold Mine Shares are looking up. The Austra-
i.ll Lave touched 7, and the Colonial are 4f.
1,414 n reference to certain abuses in the admirable system
k
itrld"nle, as the Cost Book principle, Messrs. Tredinmc
`-'O.) state :
%; LerilaPs no form of conducting a company. is so
bUsea 'e Of abuse, and fraught with so much ruin al
j'cter,,Y to a body of shareholders, as that of the Cost-boo
dieni,"4"---which is a partnership—whenever adventurers
"Y laxity of indifference to their own interests, and
Nr: au undue and unlimited confidence and power their.
vidi,e„„; for it must be remembered each shareholder is inch-
It i.,""3' responsible for the whole liabilities of the company.
everyt that meetings of the adventurers
Ithi id be held two or three months, either on the
boore 91. ill London whichever suits the convenience of the
tY best, when the purser should produce the coat-
i" th 841,1 have entered therein all the costs incurred up
show latest possible date. A list of the shareholders
mine also be inserted, and all transfers produced and ex-
net d.,hy the shareholders present. Liabilities and debts
kod,.."arged. should also be particularised, and vouchers
licillimdood for cash payment of all sums stated to have been
*ith taLted• Defaulters' names should also be mentioned,
kulertieir respective amount of arrears ; and whenever the
own, has tmade payments by bills or acceptances of his
the 4°4 should be stated in the cost-book ; upon which
g .Coeeptilrits should be approved and passed, and, accord-
litlecla-roTe Position thereof, either a call made or a dividend
e ace"' Immediately after such meeting, a statement of
out a °lints and the resolutions passed should be made
vdiettd Printed, and copy forwarded to each shareholder,
Ply absent or present at the audit—so that he may be
the-Z hz possession of th
i true position and prospects of
11113anY in which he s interested."
1341-rm
---1-Sa FUNDS AT ONE O'CLOCK THIS DAY.
(From, the Official List.)
stock Business done.
Der . 227 8
.................... „,,,
4De Cent. Annuities ........
Ilewtileut• Consols Annuities
-
Le a Per Cent. Annuities
114 -rinities, Expire... 1034 if
/ Ste k sth Jan., 1860 6 7-16
c 266 9
bitt "(18,
q 0„ under £lO3O 45
plolis for
ectuerAccount 10th March 99 100
41000. ills /id, March. June.
t 500................................... 25
................ . 35
.hl3_itto
....
........................................................
15
'ktle
FOREIGN FUNDS AT ONE O'CLOCK.
aleau ~011 ds, Deferred,
Per Cent 23i 4
Per Cent. 39
04fliniao .`,,Lde,,ssyer Cent.
71; in.h )307,14..n 4 5 Per Cent. 95
Spanish x_4"lz 3 per Cent 4Bl Janis}, ~ -I!eferred, 3 per Cent unteCi-einnuttee Cert. of Coup. not fun, 241tt0 3w
4 Per zee2ti. BeeritCentie.; .
. ... .
ca
.. .. .. . .. .
983
HALF-PAST TWO.
99R

'4211.tt 80Star 13 • ...........................
tri.o ch Account ..................

x d

a ill 118NRY LYTTON DIILWER. This gentleman lidad
te4rrow escape with his life, a few day since, .v.rhilee
ofe
thtell,.,4lll_,F the Rhone from Avignon to Lyons, in onand
th "r`imarY passage steamers. The boiler burst,s.
tee:essel sank in the river. Sir Henry, with other pan_
exik'era) swain for their lives, and the former. was mu h
d_, haunted on reaching the shore. Sir Henry is in a.very
lalvitlyleate.state of health, and it is feared that the accident
n seriously retard his recovery,
tet`',(ltillT el? COMMON' COUNCIL.—A court was held yes.
The report of the committee to consider
.the
re" on coals was unanimously adopted, on the subject
ii: select co
thej rilnlittee of the House of Commons to take
seiniBllb oct into consideration. The re
po.rt of the comt -
on the London improvements and in referehnce
do
all railway__ terminus was discussed at great lengt ,
tane
tot:ado,,t_7,lument carried to the effect that the repor b
'2u. arid the debate adjourned. 'labs report of the
haelltrtee on
tithe new market at Copenh?gen-fields was
, sack to ecommittee to be carried into execution.
tePort Wa3 favourable te the acloptien ef the plan.