The Sun.
London, England, 1851-12-04 00:00:00

THE SUN,

7,lfrza7ss._

Paid.

tiordnal Fria

I Busnk,es
to-day'

U - Yi P

lo CaliforLin ..
Apturian .• •• •• •• • • "

Australian •• .• • • ••• • •
Xiarossa Range •.
Brazilian Imp (is. W. p.)
Do. Cocacs and Cuiaba
Do. St. John del Rey••
Cobra Coffer . •• •
Copiapo ••• •• •- • • •
General• • • • - • • • • • • • • • •
Mexican & S. American
N uveau lionde ••• • •
10:11 Del Monte, IJareg.
Do. Black Debentures.
Do. Red Debentures ..
Santiago do Cuba .• •• • •
Tin Croft .. • • • • • • •• •• • •
Gikited Mexican.... •• • •
West Mariposa •••• •• • •
70INT

-2%
3% -

2O -`2l
33 - 34%
6% -7%
13% - 14
3% -4%

= ii

4
—8
3 —2
1 —3B
os ILEINXICS,
37 38%
45 —46
10% 11
25 -• 26
18% 17%
28% 29%

Aeatralasia .. • • •• • • •• ••
British North America..
Colonial .. ••••••• • • • ••
Commercial of London..
London Joint Stock .. ••
London and Westminster
National Provincial Eng.

Da. iNcava . • • • • • • • • • • •
National of Ireland • •
Oriental Bank Corporat.
rrevincial of Ireland.. • •

18% - 17%
27 - 27%
42 -44

_ _
Do. New .• •• ••
Union of Australia .. • •

35 - 36%
3 - 314
14% - 15%

Do. Now ............
Arlon of London ......
Union of Madrid
111/1

,CE36:
32%

'.ANEOUS.
48 —494
2734 —2B x.d
69 70%
15% 17
79% 80%
Le errors of t►le Official Lists, and
i correspondents.]

Canada •• ••. • •
Gen. Steam Navigation
Penin. It Oriental Steam
Ditto ditto
Royal Mail Steam .... • •
f We cannot be answers
will not be influenced by

Ible for the
interested

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.

The sales of Cotton at Liverpool, yesterday, were es-
timated at 5,000 bales, including 200 Pernams and Ma-
ranhams at 51d. to 60., 100 Bahia at 61, 310 Egyptian
at s:ld. to aid. and 600 Surat at 24d. to 3d. per lb.
The market closed tamely.—Railway Shares were flat,
at lower prices.
The six weeks average price of Wheat is 365. 7d. per
quarter.
The meeting held yesterday afternoon of parties in-
terested in a reform of the Board of Customs was one
of the most numerous and respectably-attended that has
occurred for a long time past, and this, considering the
frequency of similar assemblages, and the unfortunate
necessity for them, is saying a good deal. The amount
of commercial reform demanded at the hands of the
Legislature may seem largo, but every practical man
knows that it is even less than the exigency of the case
requires. We would ask who in the present day can
feel satisfied with the tardy system of clearing goods or
getting redress, and what hope there can be of keeping
pace with the increased facilities of steam and elec-
tricity, when the same tedious processes are adopted as
existed years since? Ever since free trade became a
part and parcel of the English commercial system, it has
been felt that the bonding, the transit, and the landing
arrangements were deficient. If instances were wanting,
the periodical statements furnished by the committee
formed to promote Customs' reform would give them'
and the evidence before Parliament supplies any defici-
ency. The suggestions now made for remodelling the
Customs will be susceptible of amendment perhaps but
they afford an excellent basis, and if Mr. Willims's
plan be adopted, of appointing a highly ex
with
in the Commons, we shall no doubt have grievances at-
tended to as promptly as they are brought under notice.
The reform of our commercial code is not alone in
connexion with the Customs au object of attention, but
extends to the bankruptcy and partnership laws, to say
nothing of the more organized movement for a general
amelioration by the establishment of tribunals of com-
merce. Mr. F. M. Hamber has compiled from the
French code the articles that bear upon the
law of partnership, and these explain fully the difference
in the terms of collective partnership, which answers to
that of most firms hero and the Commandite, which is a
mixed partnership of persons liable for all the engage
ersons who merely leave a
ments, and of one or more p
certain sum embarked, and are not liable eyond that.
The AnOnyllle system applies to companies,b and the di-
rectors are only liable for the exec ut ion of themanda-
tory office they have received, and their partner
loss of the amount of their interest in the concern.
We
have certainly heard among City men some plausible ob-
jections to limited liability, and the necessity of protect-
ing the public is not to be lost sight of; but there are
various checks that might be adopted to give security,
and it is to be hoped that the evil of insolvent compa-
nies, or " abortive schemes"—as the Masters in Chan-
cery delight to style the harassing railway cases dragged
through the inding-up forms—would be carefully
guarded against, otherwise credit would be curtailed and
confidence weakened.
Extraordinary excitement still prevails in the City,
and groups are formed by passers-by wherever an indi-
vidual is descried with a late newspaper in hand.
Having witnessed the excitement occasioned by pre-
vious continental revolutions as the news arrived here,
we may unhesitatingly affirm that it does not fall short
of what was then felt. The fact that the electric telegraph
is almost wholly shut against private expresses, the news-
papers and parties of influence on the Stock Exchange
giving full employment to it, keeps every one in
of anxiety until the journals are published, but the
latest report is that at half-past nine this morning
had ad-
Paris
was tranquil, and that the Five per Cent. Rentes
vanced to 92 50 fret he Coulisses: this is a mere rumour.
All business operaons between this and the Continent
are paralyzed, and an injurious influence is alse exer-
cised upon the mercantile markets h.
The Stock Market opened with considerable firmness
this morning, Ccnsols having reached 97i 1, but hey
have gone back since, and are now 971
ie In the belief
that Louis Napoleon was proving successful, large money
purchases have been made this morning, an there
seems every disposition to support the market, although
it is admitted that the crisis is unusually serious, and
that a trifling incident might lead to
immense
changes, and a marked reaction in Public SecuritieF.
Generally capitalists are distrustful of revolutions, and
too prone to consider that a despotic Government is ne-
cessarily strong, forgetting the smouldering elements of
discontent that it nurtures; but in the case of Louis Na-
poleon public sympathy is with him on other grounds
than those of his presumed ability to preserve tranquil-
lity. The New Three-and-a Quarter per Cents. are
971 to 98i, and the Three per Cents. 96i to 1. Exche-
quer-bills have been lower, 48s. to 51s. premium. Any
action by the Bank in reducing the rate of discount is
of course out of the question just yet.
Foreign Securities have maintained their ground well-
Spanish Five per Cents. are 19i to 201, and the Three
per Cents. 384 to 39. Sardinian Bonds have been 79
to 80, a rice of 2to 3 per cent. Mexican Stock is still
heavy at 231 to 231. Dutch Two-and-a-Half per Cents.
have been 58.
Railway Shares have been looking well, all things
considered, and there is a good deal doing, the traffic
being satisfactory.
The last week's railway
as receipts, ascertained up to this
day, are in round fig under:—
1851. 1850.
Great Western .................• £14,228 „„ £13,119
North-Western .......... 40,021 „„, 38,508
8.801 •„ 8,575
Brighton ....................... 210 ... 8,112
Midland ........................... 21 436 ... 20,235
South-Eastern .................. 10,238 9,356
North Stafford .................. 4,614 -. 4,351
Caledonian ........................7,613 6,876106,140
Great N0rthern.................. ,360 ~,
Lancashire and Yorkshire ... 16;251 „, 15,145
York and North Midland ... 8,094 7,427
Newcastle and 13erwick ...... 12,078 „, 13,665
QUARTER TO THREE.
... 971
97i

Consols ___
TINDS THIS DAY AT ONE O'CLOCK.
(From tle
BRITISH F ' i Official List.)
Ditto Account,
DeC.. 11 ...
8 per Cent .Reduced
... 97%74 lA,
,4%
Consols Ann!. ...... ... ...
7,,
8%
7:3/
3 p„ Cent. COll
.. 971
% 8 •,1:4 4 8
A d Annuties... ..... 96%. 97%3/
New 314 per Cent. An.
Long Annuities. 5, 1860... 7 13-16 5-16
Do. 30 Years, Expire Jan.
261
India Stock ......................................
Exp. Jan. sth, 1860... 6 15-16 7
India Bonds under 1,000/ - ....... ',.)2,1?Q. ,
Consols for Account ................. . ... viii.-zdy A 7,2
Exchogner Bills.
1,0001. ......... ............ °-- 51 48 p
51 48 p
5001
Small
E O'CLOCK.
PRICE OF FOREIGN FUNDS AT ON
032/ a/ 3/
lisxican Bonds, 1846, ex Jan. CouP°lll
Peruvian Bonds, 5 per Cent ...... ... 89,
4- 74 re /4
Ditto for the Account .... ...... 43 11
Do. Deferred ......
Portuguese Bonds, 5 per Cent ......
Ditto, Small ...... .................. 33
Russian Bonds, 1822, 5 per Cent... ~
Ditto 4% per Cent. ..........••• 102.4
Sardinian Bonds, 5 per Cent. ... ...... 80 79 ex d
tipanish Bonds, 5 per Cont,lB4o ...
Ditto Aecount . `2OlA 19 co
Ditto Passive Bonds b
Spanish Bonds, 3 per Cent. ......
Ditto Account
Dividenes on the above payable in London
Dntch 21,4 per Cent., 12 Guild
Ditto 4 per Cent. Cerkficates

Scorrisn CENTRAL RAlLWAY.—Traffic for the Wea
ending Nov. 30, 1851 :
Passengers (8,203), parcels, horses,
and carriages £778 3 8
Goods, cattle, &c. 863 5 7

Total .. 1,641 9 3
Corresponding week in last year... 1,477 2 6
Perth, Dec. 2, 1851.