The Sun.
London, England, 1849-02-21 00:00:00

ROLLS' CO URT.-( THIS DAY.)

The Master of the Rolls sat to-day in his Court in Chan-
cery-lane, but nothing of interest came before his Lordship
during the morning.

VICE-CHANCERY.--(THIS DAY.)
(Before the Vice-Chancellor of ENGLAND.)
MYERS V. PIAIGAL.
The further arguments in this case were concluded.
BROOKS V. THE LONDON AND WESTMINSTER BANK.
The arguments in this case were postponed till the Court
sat at Westminster.
(Before the Vice-Chancellor KNIGHT BRUCE.)
His Honour, the Vice-Chancellor Knight Bruce was occu-
pied the whole morning with hearing bankrupts' petitions
of no general interest.
(Before the Vice-Chancellor WiosAm.)
DOUGLAS V. WILLES.
The further arguments in this part-heard case occupied
the Court the whole day.

SECONDARIES'.-(THIS DAY.)
There was only one case heard, " Stonehouse v. Young,"
to recover the sum of 3251. 4s. 6d. The defendant did not
plead, and a verdict was given for the amount.

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

The sales of Cotton at Liveipool yesterday were estimated
at 4,000 to 5,000 bales, and included 3,500 American ; 200
Egyptian realised 534 d. to 714 d. ; 500 Surats, 314 d. to 4d.;
and 300 Sea Islands, 8d to Is. The market was dull, and
closed tamely. Compared with last Friday's prices, American
sorts were %d. per lb. lower; other kinds were firm, except
Sea Islands, which were rather dearer. In Railway Shares
a fair business was done, but at lower rates.
There are no further arrivals to-day, and the accounts from
the Continent are not of special interest. The French Funds
come lower, and this has some effect here.
The Corn Market is heavy.
The circumstance that the Chancellor of the Exchequer
has announced a reduction in the rate of interest on the bills
falling due next month gives rise to the impression that the
Bank of England will lower its discount terms, but a subject
more attractive is the Californian gold affair, and the follow-
ink is some further reasoning on the subject derived from
American sources :

The labour of but forty thousand men, at only three
dollars per day, will produce in three hundred days thirty-
six millions of dollars. We have po doubt that in less than
twelve months there will be at least one hundred thousand
persons among the mines engaged in digging for gold ; and
if these average but two dollars per day each, they will pro-
duce sixty millions of dollars worth of gold in a year. This
calculation is only at the rate cf an ordinary day's
wages; but if the same number of operatives average
a ' production equal to that realised by those already
on the ground—according to official and other reports--
the annual extraction will amount to about four hundred
millions of dollars worth. The labour of one hundred
thousand men in the usual employments of life will, if
properly directed, produce property to the value of at least
forty-five millions of dollars, and will add so much to the
aggregate wealth of the country ; but if the same lumber of
men dig out of the earth five dollars worth of gold each per
day, they add one hundred and fifty millions of dollars in
gold to the currency of the world, which will represent one
hundred times that amount of property. The conclusion
we arrive at, in this view of the subject is, that at the most
moderate calculation relative to emigration and production,
there will be extracted from the mines of California, at least
ode hundred millions of dollars' worth of gold, within the
next twelve months. This, added to the gold currency of
the world will, when distributed, have very little influence
upon the movements of commerce; but at first
it will tend to an inflation of prices at the
principal points of accumulation. The production of one
hundred millions of dollars' worth of gold in Cali-
fornia annually would give that country a more rapid growth
than ever was realised in any other part of the
world. It would attract emigration from all parts of crea-
tion, and enable the population, as it increased, to furnish
markets for all the luxuries and all the necessaries of life,
which the industry of other countries produced. If California
has the gold, she has the means of becoming one of the most
prosperous portions of the world ; if she has not, hun-
dreds of those who have already gone there will starve."

'The English Funds are still—affected :by a rather over
abundant supply of money stock, but they seemed to be
somewhat more buoyant than yesterday. Consols for transfer
hare been 93 to 939, and for time, 93% to 93%. Bank
Stock is 195 to 196. The New Three-and-a-Quarter per
Cents. have realised 94 to 94%. Exchequer Bills realise
43s to 465. premium.
The Foreign Securities have been very quiet, but Mexi-
can have improved to 253/4 to 26. French Five per Cents.
are 82f. 50c., with the exchange at 25f. 25c. Spanish Five per
Cents. have been 17% to 17%. Portuguese Four per Cents.
have been 25 to 26. Dutch Two-and-a-Half per Cents.
have been 5014 to N. The New Danish Loan, it appears, is
to be in a Five per Cent. Stock.
The Railway Share Market is better to-day, and pricei
hive risen. The Aberdeen Preference Shares have been all
readily taken up it is said.

ONE CLUEING
r',.) r; rf, or .atITIBii FUNDS. O'CLOCK. PRICES.
dank Stock
i ~er Cent. Reduced Arils 934% lii 93 NI
3 per Cent. Consols Annuities 93141,¢, % 93 9314
Sew 314 per Cent. Anna.— 9414 % 94 94
~.ong Anne. to expire J an. 1860
Ditto, Oct. 10. 1859 .....
Ditto 30 years, Jan. 5, 1860 B3A, 83,4
India Stock 243 243
ndia Bonds, 1,0001. ..
Ditto under 1,0001. ... ..... ....... 53 p 53 p
Consols for Account 93lM4Niii. 93%
_xchequer Bills. 2Mid. & 2d.
1,0001. June 44 46 43 p 43 p
5001. June
Ditto Advertised, June 37 40 36 p 36 p
PRICES OF FOREIGN FUNDS ONE CLOSIN
O'CLOCK. PRICES.
Equador Bonds
_31,4
_

Grenada Bonds, 1 per Cent. — 17 i,e
Mexican, 5 per Cent. 1846 2b3/4 26 253/4
Ditto, Account — 26
Peruvian Bonds, 6 per Cents —
' Ditto Account — 4914
I, Spanish 5 per Cent. 1840.
i Ditto, Account ' 17V41,44 17
-
Ditto, Passive 33/4 3%
Ditto, 3 per Cent
Ditto, Account . — 29
Venezuela Bonds, 214/ per Cent — 21%
' Dividends on the above payable in London.

French Rentes, 5 per Cent B2f. lOc. 82f. 50c.
Exchange 2sf. 25c. 25f. 25c.
Dutch 2% per Cent., 12 Guild 5014% 505,A
Ditto, 4 per Cent. Certificates 8044% 80%
PRICES OF
BUSINESS DONE CLOSING
I:AILWAY SHARES. PAID. AT ONE O'CLOCK. PRICES.
Birming, Wolverh'ton,
and Dudley, calls duly
' pd, or with guarantee 10 ..... .
Do. without guarantee 10
Caledonian
Do. New 101. Pref..... 10
Chester and Holyhead... 50
Oublinand Belfast Junc. 35
4,.ast Anglia, 251., L. &
E. and L. and D...... 25 ......
Do., 3/. 10s.
Eastern Counties........ 20 ...... 1034% lO%
Do. New Guaranteed

. ,
6 per Cent lO ...... 11%
East Lancashire
Ditto, New
Ditto, New Quarters 614 44 4%

Do., 6 per Cent. Pre- ._
ference Quarters ... 6IA 7 ..
East Lincolnshire ...... 25
tireat Northern
Do., 112 A Deferred ... 121 h...... 5 ....... 5
Do., I,¢ B 6 per Cent... 61,4......
Do. Extension
___ 2% 3/4 .34

•reat South. and West '
(Ireland)
Great North of England.loo ......
Ditto, New, 30/ ..... . ... 30
Klreat Western 100
i Ditto, 1,4 Shares
Ditto, New 171...
Lancaster and Carlisle... 50 ...... _
Ditto, Thirds
Lancashire & Yorkshire 93
Do. Quarter Shares... 171/2 13% 1314
Do. Fifths....
Do. (W. Riding Union) 8
Do. (Preston & Wyre) 25
Leeds and Bradford 5O 103% ... . ... KG
Leeds and Thirsk ...... 50 - •••..•.. ......
Ditto, New ..... ........ 40
-- •• ••• 1514
London &Blackwall...l3/. 6s. 8d.... ..... 5%
London, Brighton, and
South Coast

Ditto, New 51., guar.
6 per cent.
London and Greenwich 12/1584d... 9
London and N. Western 100 ..,..138
Ditto, New
Loud. &6. Western
Do. New 50/. ... ..... 424..
Ditto, Thirds.. ......... 15
Manchester,Buxton,and . __. _

• 4I,E
..1S

Midland .. ......100
Do., do., 50/. Shares... 25 ... 19' 191,4 181,43 A 18%
Do.Consol. Bristol and •

Birming.,6 per ct.... 100 ......126 .........«.... 126
'orth British ... .... ... 25 ...... 16w..... ... 15%
Ditto, Quarters
Ditto, Thirds ......
North Staffordshire

Oxford, Worcester, and .
Wolverhampton ...... 50
Reading, Guildford, and
Reigate 12%..... 135%.........” 13%
Scottish Central
Shrewsbury and Birm... 10
Ditto, New Guaranteed 8 ...... 10 9% ......
Shropshire Union
~oath Devon.... ...... ..... 50 ...... 18
Do. Preference
South Staffordshire 7% —
South Eastern '..... 33% 25% %...... .. .. 231/2
Do., No. 3 —.... ...... 30
South Wales ...... ......... 33 ...... 19%.... .. lB%
York, Newcastle, and
Berwick. .... .. 25 .. ... 28 271,4 ...
Do. E Etension No. 1. 20
Do. do. No. 2. (N &B) 20 - ........ 21
Do. G.N.E.Preterence 8
York and North Midland 50 ...... 541,E 53% 5454... 54%
Do. East and West Rid-
ing Extension
FOREIGN RAILWAYS.

Central of France (Or-
leans and Vierzoa) ... 18
Namur and Liege ...... 20 ...
Northern of France
Orleans and Bordeaux... 7 ...... 3%...
pis and Rouen ... ..... 20 .... 21 20ki ex. d
Paris and Strasbourg ... 9
RiArin and Havre
Sambre and Meuse 2O ••• .. 4'%, 5
Tours and Nantes .. 9 . ..... 2% 214
JOINT STOCK BAN KS.
Australasia

LLOYD'S SHIPPING.—(TH ;
LoNno:sr, FEB. 21. --Winel-W,S,W., light. .b teL Ape_
weather
LoWESTOFFE, FEB. 19.—The Mary and Jra ne, of NeW-
castle, whilst lying at Matford-bridge, calk tjht Bre this
morning and scuttled ; crew saved.
GALWAY, FEIS. 19.—Fourteen pieces of Am e rican square
timber have been picked up in this bay duri n g the week;
1:10 pieces have also been picked up at sea, a nd all along
the coast.
LOUGIISWILLY, FEB. 17. The Maid of the e bull, from.
Glasgow, for Rio Janeiro, put in here to-day: with part of
bulwarks, &c., carried away.
PETERHEAD, FEB. 19.—Wind S.W.—Sid. V ictor, Green-.
land ; Traveller, ditto.
LONDONDERRY, FEB. 13.—Arrd. Vermont, Is ew Orleans.
DEAL, FEB. 20.—Wind N.—Arrd. Ann and 3 lary, Bahia;
Jane Henderson, Baltimore; Charles Walton, 8.1 ker, Boston;
Louisa, Pictou. Arrd. from the River, Haid ee, Stewart,
Launceston, Van Diernen's Land; Castle Lackla w, Jamaica.
BERWICK-ON-TWEED, FEB. 20. -It blew a very severe
gale here yesterday, during which the folio wing vessels
went on shore :—The Mary Ann, of Dundee, at Holy Island;
the Dispatch, of Dunbar, and the Admiral Dun,can, of Leith,
the latter is very much damaged, and not expected to be got
off—all for the north. The Keel Ant, of Suna erland, is on
the Big Fern, and likely to become a wreck. Vhe Friends-
burg, of Leith, was dismasted off North Sunderlimd; assist-
ance has been sent to her.
SHIELDS, FEB. '4o.—The Baron Eccles, from Antwerp,
which went on shore at the entrance of the harbour on the
29th ult., came off to-day.
I:Luau-Brow, FED. 19.—The Hearts of Oak, of and from
Stockton to Wainfleet, was abandoned off South Cheeks .of
Robin Hood's Bay, having been in contact with a brag; mar
saved.
SCARBOROUGH, FEB. 20.—The Harmony, of Selby, hal!
been towed in here with loss of bowsprit and foremast, having
been athwart hawse of the John Waverley, of Rye, in the
roads, during a gale from W.N.W. yesterday.
HULL, FEB. 19.—The Stourbridge, from Bremen for this
port, has put into Christiansand, after being within sixty
miles of this coast.

YAMSIOUTH, FEB. 20.—The Corradino,
Naples, was grounded on the Sand yesterday.

Newcastle to

MARKET isIE Ws —( THIS DAY.)

CORN-EXCHANGE-WEDNES.DA Y.

The present week's arrival of English Wheat for OUT
market, coastwise, has not exceeded 410 quarters, chiefly
from Essex. To-day the show of samples was small ita the
extreme, and the factors were somewhat firmer in ti.lelf
demands than on Monday'; nevertheless, so little butine.s4
was transacted that, in some instances, the quotations were
almost nominal. From abroad only 3,820 quarters of
Wheat have come to hand since Saturday; but we were
well supplied with that article this morning, from several
large parcels having passed the Customs at the present duty.
Fine picked samples mostly sold at full prices. The mid-
dling and inferior qualities were much neglected. Fine
Making Barley, the supply of which was small, was held A$
extreme currencies. Grinding and distilling sorts were
extremely dull. For all kinds of Malt the demand was in
a very sluggish state, at last week's currencies. The best.
samples of Oats were quite as dear. Damp qualities were
extremely heavy. Beaus, Peas, Indian Meal, and Flour hen;
on hand.

ARRIVALS THIS WEEK.
Wheat. i Barley. Oats. I Flour.
410 qrs. 1,140 qrs. 3,4 M qrs. I 1,180sks•
--- 690
510 I

English ......
1ri5h.........
Foreign ......

, 3,820 770
Malt, 2,680 qrs.
BOROUGH flop IV/AZ/CET.
The finest Hops were in improved request to-clay at a
trifle more money; and the value of all other kinds were
mostly supported. The show of old Hops was on the in-.
crease. New Hops: Sussex pockets, 21 4a to 21 17s; NV ealdi
of Kent ditto, 21 12s to 31 8s; Mid and East Kent ditto;;
31 3s to 616 s per cwt.