The Sun.
London, England, 1840-04-27 00:00:00

kilt LOTS of kit romein neatly the sime. At the
ree,nd 11.,ard there w•o, e rthor B,irs of North American
Trust at a i:ecline of 1 per cent. from the morning rater,.
TO,: fie ~ti-s OM hieti reached us 3., sterJay,
has had no v.•ry material cif :et upon the markets to-day.
Sa!es of cotton were made on 'Chenge to the extent 01
600 bake, at firm prices. Toe position of the boundary
question gives a temporary firmness to prices, and the
dealer; are anxiously looking forward to the return of the
British Queen.

The news carried out by the British Q leen is calculated
to give cotton a start; and if nothin7, serious grows.out of
the controversy, business with the Continent may so far
revive as to give prices an upward tendency. This view
I.as led many to imagine that prices have seen their lowest
points.

An individual calling himself S. E. Watkins, from New
York, has been arrested in New Orleans, and $43,000 of
bills of exchange and post notes of the Farmers' Bank of
Seneca county found upon him. The post notes of this"
concern have been many weeks under protest.
In pursuance of the report of the Committee on the Mi'
chigan $5 000,000 loan, an abstract of which we gave a
few days since, a law has been passed, and received the sig-
nature of.the Governor, entitled " An Act to authorise 111,
anticipation of certain instalments of the five million loan."
By this law the auditor is authorised to make arrangements
with the Liank Of MiChigan and the Farmers' and Mecha-
nics' Bank of Michigan, or either of them, or any specie
paying bank, to advance from time to time such suns or sums
• of money as the State may need, to meet outstanding claim!
upon the internal improvement funds,- by selling to said
bank or b.:nits the drafts for the instalments hereafter to
become due on account of the five million loan, and as
often as it shall become necessary to raise money to meet
the liabilities of the State, under appropriations made, or
to be made until the next annual meeting of the Legiil2-
tore, or until provision shall be made by law for placing
the funds of the State in a State Bank. if one be hereafter

incorporated : Provided, that the interest to be paid in an-
ticipation of said instalments shall not exceed six per cent.
per annum. This to apply to not more than five in-
L•talments,

Here is 'another
.specimen of PennAylvania .legislation.
The Banks are exempted from all penalties for their frau-
dulent' stispe'nsion, piovided they vrill lend money to the
State. In -every State the same feature predominates.
The governments are, through their necessities, entirely
in the power of the banks, and all legislation against the
institutions ends in the triumph of the latter.
RATE of SALES AT THE STOCK EXCHANGE.
1,000 ladians Fives 1345
30 shs Dry Dick • 49
10 0.0. N. A. Trust
25 do. N A Trust
35 do. American Exchange Bank
150 do. Delaware and Hudson
_,..
. __ . ...

35 do. Farmers' Trust B2
25 do. United States
10 du. Union Ins 52
20 do. Ginton Co. 24
25 do. Al.)hacsk R R. 65
50 do Llarlem R R 4,
6,000$ Pnikdelphia Ex
SALES AT THE SECOND BOARD
25 shs N A Trust s3 44
50 do. N A Trust bl 5 44

...b3O 46
95

CATTLE MARKET.
There is no change in the cattle market this week, nor
has there been for the past month. Excepting cows and
calves, the receipts have been small—suilleient only to
the demand, and, in consequence, prices have not
de; lined as they otherwise would. The supply has beta
just large ert,,ugh to keep prices stationary.
To-day about 350 beef-cattle, 200 sheep, and 150 COWS
and calves have been sold at the markets ani on the
wharfs ; 125 of the beeves came from the south, the ba,
lance from this state.
As there are plenty of cattle in the interior, sad'
as communication to market is now easy, the arrivals
ought to be much greater. But as there is a combination
on the part of the drovers, who supply this market, to
' keep back a large portion of their beeves, it is not, at
ail strange.