The Sun.
London, England, 1841-03-09 00:00:00

HONEY and COMMERCIAL N

CITY, TWELVE O'CLOCK.
LIVERPOOL COTTON MARKET, MONDAY.—The Cotton
Market has been very animated to-day, and we have to notice
the sale of from 6,000 to 7,000 bales. Prices have varied
upon some descriptions from Bd. to Bid. per lb. 250 Surats
sold, and the remainder American kinds, wholly to the trade.
LIVERPOOL SHARE MARKET, MARCH B.—An extensive
business has been done in the Share Market ; the following
are the transactions reported at the Stock Exchange at 4 r. ar. :
Eastern Counties Debentures, 84; Grand Junction, Half-
Shares, 10} ' • ditto Quarter Shares, 274 ; Chester and Crewe,
51 ; Great Western, Fifths, 8i ; Liverpool and Manchester,
Half-shares, 89 ; London and Birmingham, 168; South
Western, Tenths, 17s. 6d. prem. ; North Midland, 69.
MANCHESTER STOCK EXCHANGE, MARCH B.—We have
to report a quiet market, and only a very limited business done.
London and Birmingham, 170; Manches'er and Birmingham,
25; Great Western, 89; Ditto Halves, 61 ; New Midland
Counties, 143% ; Manchester and Leeds, 69; Manchester As-
surance, 9A.

We have received Hobait Town Papers to the 17th of
October :

MARKETS, OCT. 15.-1 he Grain Market, as might be an-
ticipated after the late extensive importations of Wheat and
Flour, both here and at Sydney, and the sudden decline in the
price, has been unusually dull during the last few days, and
many of the settlers have become wheat-sulky, and will not
sell. They are disposed to wait for better times. The Com-
missariat Stores continue open to receive Wheat at 7s. 6d. per
bushel. Fine Flour may now be bought for 221. to 241. per
ton ; Seconds, IS/. to 201. _

A universal panic appears to pervade the money market.
The banks, for reasons best known to themselves, have for
some time past, been curtailing their discounts; and a general
pressure has consequently affected the commercial and agricul-
tural interests throughout the whole colony ; in the midst of
plenty, and with every prospect of an abundant harvest this
year, it was suddenly discovered, by the force of some financial
microscope, that we were overt' ading, that the specie was not
more than a tenth of the paper afloat, and that the colony
was in fact bankrupt:

We have 120,0601. in specie to represent about 900,0001.
The Government of the country was last year obliged to bor-
row 10,0001., and has now 130,0001. at its disposal, after paying
all debts, yet the colony is bankrupt. The specie has lelt
us, says one, and yet we find at the present moment, and we
are authorised to assure our fellow-colonists of the fact, that
there is 10,0001. more specie in the colony than there was in
May last, when money was most abundant. The silver is still
here; it moves from the banks to the Treasury, and from the
Treasury to the banks.
The recent Sydney intelligence has added to the present
temporary embarrassments in the money market. The truth
is, the coionial bank, of new growth, has been eyed with feel-
ings of jealousy by the old established banks, because its very
existence is derived from them. It is with their notes that she
has been nurtured, and with their specie she is sustained.
(From the Port Phillip papers to the 15th Oct.)
LABOUR AND IMMIGRATION. —The excessive want of labour
which is felt throughout the colonies acts with a more retard-
ing pressure on the affairs of Port Phillip than has ever been
experienced in the progress of the oldest colony. In every
branch of art, commerce, agriculture, and science, the numeri-
cal deficiency of operative classes is most distressing—in short,
while the Sydney Government have received from the sale of
provincial waste lands, during a period extending from June,
1837, to December, 1839, funds to the amount of 107,5761.,
two immigrant ships amounting to 7;000/., together with the
excess of ordinary expenditure, 27,0001., forming a total of
34,0001, is all the off-set that can be made in return for the
wasteful expenditure of our land fund upon Sydney and the
penal district. During the present year have arrived at Mel-
bourne seven vessels with 2,000 immigrants on the bounty sys-
tem, and one fitted out by the Government agent with 300
passengers ; the expenditure upon which, in round numbers,
will equal 50,000/. ; during the same period, however, that is
in 1840, the land sales here produced, rejecting fractions,
150,0001., which brings our calculation to the following simple
account :—Expenditure, 84,1461. ; Revenue total receipts,
262,5151., from which deducting /excess 84,1461., leaves a
balance f 178,3691. One hundred and seventy-eight thou-
sand, three hundred and sixty-nine thousand pounds sterling
of Port Phillip land fund remains to be accounted for.
TnE BLACKS. —ln consequence of representations having
been made to the authorities of the approach of several tribes
of natives to the vicinity of the town, for the purpose of hold-
ing a Corraborra previous to a battle, it was resolved to at-
tempt their capture. Accordingly the military under the
command of Captain Smith and Lieutenant Vignolles, of the
28th regiment, with the border police and a number of con-
stables, proceeded about midnight to the scene of the native
festivities,_ situated between two and three miles from the
.town. Upon seeing themselves surrounded, the blacks were
thrown into considerable consternation, and finding that their
weapons had been seized would have surrendered quietly, but
for the opposition made by Winberry, who made a desperate
blow at Mr. Vignolles. He, however, missed his aim, but re-
covering, was about to repeat the attempt before that gentle-
man could draw his sword, whereupon the sergeant discharged
his musket, and this notorious murderer and robber instantly
fell. The remainder of the gang were secured, consisting of
about two or three hundred, including women and children,
and were lcd captives into the town.

' NEW ZEALAND.—By the latest papers from New Zealand
of the 22d August, we find that the principal town has received
the name of Britannia, for which his Excellency Captain Hob-
son stands sponsor. The New Zealand Gazette has, in con-
sequence, changed its title by the addition of the Britannia
Spectator.