The Sun.
London, England, 1851-07-16 00:00:00

MONEY and COMMERCIAL NEWS
CITY. TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were estimated
at 1,000 bales, of whi h 500 were taken for export. The
market was heavy at previous rates.— Railway Shares were
rather firmer.
In referring yesterday to the liabilities of Messrs. Rufford,
we should have stated them at a quarter of a million sterling.
Accounts of March from Port Phillip notice the fact of
large subscriptions for the sufferers by the fire at Geelong.
Sydney advices to a late date in March state—
" In our last we intimated that a Political Association was
about to be established in Sydney, and we have now the
pleasure of stating that this association has been fairly set on
foot, and we most heartily wish it success.
" A meeting was held on Monday evening last, at which
17 persons were present, when it was agreed that a society
should be then formed, to be called " The Political Associa-
tion of New South Wales." All the persons then present
were immediately enrolled as members, and a pro-
visional committee of seven was appointed for the purpose of
framing rules for the government of the Association. This
provisional committee is to continue in existence until fifty
members have been enrolled, when a general meeting will
be call. d for the purpose of electing by ballot a committee to
manage t e affairs of the Association. It was further agreed
that the objects of the Association should for the present
be simply as follows :
"1 To watch over the civil and religious liberties of the
people of New South Wales, and more especially of the
citizens of Sydney. And 2—To keep a careful eye on the
Legislative Council during the ensuing session; to watch
eir movement, respecting the division of the colony into
electoral districts; and to see that the fOl. franchise clause
shall not be nullified by any chicanery of the Government.
"1 hese objects are so simple in themselves, but at the same
time so necessary to be arcemplished and worked out for the
good of this community, that e e imagine there is scarcely
any person who will not fully coincide with them. To en-
sure the carrying out of these objects in a manner beneficial
to the community, we only require to have a good wee king
associatien—one full of life and activity—a practical and not
a theoretical body."
The Overlie d Mail letters have been received, and report
rather a dull state of business.
The commercial intetligence received from the United
States by the Arctic steamer, although two or three days
later, is not of much importance. The money market at
New York bad been rendered less stringent by fresh arrivals
of gold from California, and also from the large amount of
the precious metal announce t to be in transitu. The rate
of exchange continued at t aPA %, and the export of specie
on a large scale was still goi.‘g on, the Arctic bavi' g
brought nearly a million of dollars. Further commercial
failures are announced by this arrival. ie consequence of the
decline in the value of Cotton on both sides of the • tlantic,
and other firms are mentioned as being likely to succumb,
unless t ey are supported by the arrival of specie from' Cali-
fornia, wit bout which aid much disaster is anticipated.
The following from the " Circular" of Messrs. Schroeder
and Mummy, dated New Orleans, June 21, and published by
Mr. James Irvine, of Liverpool, gives the state of the Cotton
Market
"Our last ' Circular,' dated the 7th instant, reported
dulness in this market, and declining prices. During the
succeeding week the operations were, however, very fair for
the advanced period of the season, amounting to 18,000
bales, at fluctuating rates; the market closing firm. The
present week has seen less business done, owing principally
to the absence of important European orders, and the suc-
ceeding departures of our principal operators, still the sales
have reached 8,000 bales, at a currency ivaicating an im-
provement of fully cent. per lb, on all grades from even-
running middling upwards—the ldwer sorts being freely
offered at former quotations.
" Even-running lists of all qualities below fair are not to
he met with, and if holders submit to a selection of mid-
dling, good middling, or middling fair, they obt-in, get.e-
rally, *c. above our quotations. The qualities above mid-
dling fair, although not to be found in large lots, are
generally more even-running, and (being somewhat
neglected) on that account comparatively cheaper, but it
requires only a little demand to drain our market of all
better descriptions.
" The stock of Cotton in first bands has now become
small and quite manageable, this, with the growing convic-
tion that the great aed steady decline in Europe has been
caused more by general distrust than frero particular suf-
ferance in any important branch of trade, must tend, we
think, to maintain our prese t figures, until more reason-
able calculations may be formed of the growing crop. The
accounts thus far are of a conflicting character, though
upon the whole they may be considered favourable; the
plant, however, may yet be exposed to many more severe
trials than it has hitherto been subjected to this season.
" We quote to-day as follows: - ()winery to good ordinary
6%c1. to 7 d. ; middling, B,old. to 83/4d.; good middling,
9 d. to 941.; middling fair, 93/4d. to 10d. ; fair, 101,4 d.
to 10%d. Sales during the last fortnight, 26,000 bates.
Receipts at this port since the Ist of September, 932,785
bales, against 776.253 bales last year. Increase of receipts
at all the ports up to latest dates, 292,540 bales."
The Funds have been rather less buoyant this morning.
Consols are 96% to 97 for Transfer, and 97 to N 3 for the
August Account. The New Three-and-a-Quarter per Cents.
have been 98 %4 to 99, and the Three per Cents. Reduced
97% to 973/4. Bank Stock is at 214 to 215. Exchequer-
bills are 495. to 525. premium.
In the Foreign Market Spanish Five per Cents. have been
21%, and the Three per Cents. 38% to 39%. The settle-
meut of the h lf-monthly account is progressing satisfac-
torily, though there are some heavy losers. Mexican Bonds
are 3214 to 32%. and Peruvian Five per Cents. b 9%. Dutch
Two-and-a-Half per Cents. realise baX.
Shares are, if anything, a shade weaker than they were
yesterday; the payment of differences has been proceeded
with this morning, and hitherto has gone off without casualty

CLuBfl
PRICES.
215
97 11,4
9634
983 k
261%
62 p
59 . p
963 A

ONE
PRICES OF BRITISH FUNDS O'CLOCK
BAUR btocb.
3 e• Cent Iteduabu Anna.
3 per Cent. Console Annuities........ 96313 97 963/4
New 314 per Cent. Anna ....
ndia Stock
I"dik Bonds. I,oool_
Ditto under 1.000/....
C nisois tot Account
tr.xotloquer s
1,0001.

49 p
CLO4;iN
PRICFN
1.91/2
90
89%
76%
3214
32%
8934
433/4

ONE
PRICEs OF FORETow ruNDs. O'CLOCK
tiraziliat. mold:, 5 per Cent. .-.... 89 'h
Ditto, Small
Ditto, New, 1829 and 1839 ...
ti0nd5,1825.3 per Cent. .. 7614
51 ~can, ...Jr I ,ex Jan. GoupP. 32 jit,4l/4
Ditto, Account
Peruvian Honda. 5 per Cent- . 8934
Ditto, Deferred OOOOO 43
R ,1191A1 I timid!.

[Mt°. 314 N.A. Cent
Ditto, Small ...
Sardinian Bonds, 5 per Cent.; —
Ditto, Scrip
Spaulein , p.r 6.7,tit. ltvetk,

100%
100%

1i; dig.
21A
111%
16

• Ditto. Account
Ditto ,. 1846 16
Do.
Ditto lB4B 15
Ditto
thtw, Passive 6I 6
Ditto. 3 per Cent
Dividends on the above payable in London.
French Rentes, 5 per Cent 94f. 37',4c 94f. 37%e
Exchange
Dutch 2% per Cent. 12 Guild 6946
Ditto 4 per dent. Certificate 92%%

COURSE OF tdie
Amsteriam .......... 11 16
Ditto, three months.. 11 lA
uotterdam .......... 1 18 vi
Antwerp • • ............ 25 221/4.
Brussels • • • • .. 25 22%
Bamburgli ..... • M.B. 13 ayt
Paris, 3 days'sigbt • 25 2
Ditto, 3 months .... 25 2 c
Ilda.rseilleb • .• •• • • 25 2 AA,
Bourdeaux.... ..... •
rrankiorton Maine.... 1153

HA IN ti b. -TUESDAY.
cilbraltar•••••• oo
Leghorn •• •• •• •• •• •••• 80 35
halloo •• •• •• •• •• •• •• 35 t
...•.•••••••••••Khan
Venice•• •• •• •• •• • • •• ••
!iaples •• • • •• •• •• •• ••
,alermo,peroz.• •• •• ••
Messina •• •• .• •• .• •• ••
Lestoon.• •• •• •• •• •• •• ••
vortu•• •• .• •• •• •• ••
rtio Janeiro
quenos Ayres .• • • .• ••
Yew York,6odays'aight
Philadelphia •••
PRIMO Of BULLION, PIS OS
Foreign Gold in bars...£3 17 9
eortitgal Gold Coin 0 0
ipantsb Doubloons .. 0 0 0
New Dollars •• .• •• 0 4 11%
Alverts bars ........ 0 5 0%

Vienna. effec. d 0...... 11 56
Trieste, ditto.... •• .... 11 57
reteraburgh,Sil. Rble.. 37%

•
Madrid 4511,
Cadiz •• •• •• •• •• •• •• boy 4
Barcelona •• • ..•• •• ••
Sevilla.. •• •••• •• •• •• •

LLOYD'S SHIPPING.—( THIS DAY.)
LONDON, JULY 16.—Wind at noon N.W., light
breez-, and cloudy.
SINGAPORE, MAY 31.—The Vergilia, Bombay to
China, struck on a hidden shoal between Mysole and
Pope Islands, Jan. 27, and was abandoned, crew saved,
and arrived at A rnboyna; part of cargo saved. The
Ann, Calcutta to China, wh ch went on shore on Bon-
tang Point Feb. 26, and subsequently belted and was
sold, has been got off and towed into harbour.
BOSTON, JULY 2. The Sallie Fearn, of Bath, New
Orleans to Liverpool, was struck by lightning and
burned to the water's edge previous to June 28, in lat.
37, long. 71; crew, passengers, and 135 000 dolls. in
specie saved by the Frank Johnson, Havannah to St.
Petersburgb, which has put in here short of water and
provision.
CALCUTTA, JUNE 3.—The Cherueker, hence to Lon-
don, lies put nark with loss of cutwater, is in ing docked.
and will sail again about the 12th instant, cargo not
damaged. The Alexander, hence to London, has put
back leaky, and mast be docked; cargo not supposed
to be damaged. 'the Aibania hence to Boston, has put
hack, crew refusing to proceed to sea in her.
I'ENANG, JUNE 1.-1 he Charles Forbes, Bombay to
Chien, got aground on the Pyramid Shoals off Parcilar
Paint, in the Straits of Nialiccs, is buried in the sand,
and has b. en abandoned by the crew; ninety•five chests
of opium saved.
CLYDE, JULY 14.—Wind S.W.—Arrd. Unicorn, Gre-
nada; Bride of Abidig, Trinidad; Mary Ann, Trinidad;
Scotia, Trinidad ; Sr. Vincent, Planter, flavannab;
Status Morse, New York; Sea Nymph, Newfoundland.
OFF MARGATE.—RoyaI George, Port Philip; Caro-
line, Quebec.
DEAL, JULY 15.—Wind W.S. W., fresh and squally.—
Arid. Sy Ipe, Barbadoes; Cornelius, Grinnell, New
York. Arrd from the River, Thomas Hughes, Port
Philip; John Brooks, Sr. Kitts; Ophelie, Quebec; Vul-
ture, Newfoundland. Put hsck, John Scott, Demerara.
PLYMOUTH, JULY 15.—Wind W.—Arrd. Carl Emel,
Porto Rico. Sld. Sir li,bert Peel. Cape of Goed H, pee
LITP.RPOOL, JULY 15.—Wind N.W., atrong.—Arrd.
Invincible. Cate o' Good [lupe; 411u3a, Si. Jean d'Acre;
Prospered, Aequiton; Z iota packer, airhadoes; It,,
Porto Rico; Olympus, New Orle..ns; Ocean Qina
ditto; Antarctic, ditto; Columbia, ditto; Windsor
Castle, ditto ; Sr. George, ditto; Greenwich. Apala-
chicola; Rhttae, SAvatanah; Scotia, Baltimore; G, eat
Western, New York; Canada, Mo, treal; Anne, ditto;
St. Andrew, ditto. Off pert, Fero r-ipore, New Orleans;
Arctic steamer, New York; Lapland, Amity Hall, and
John Garrote.
YARMOUTH, JULY 15.—Tkc Prosperous, of this plate,
from Shields, sprung a leak off Cromer on the 13th
instant, lied was abandoned; crew saved.
PORTSMOUTH, JULY 15.—Wind W.—Arrd. K,ere,
steamer, Newcastle tor tSyclue,y, New South Wales,
leaky.
FALMOUTH, JULY 15.—Wind W., fresh
gale n.—Arad.
Seraph, Havaunah. Off port, Frkinnus, Havanna!), tied
sailed for Bergen.
BRISTOL, JULY 15.—Wind N.N.W.—Arrd. Ternhuc•
too, Africa; Sir H. Potiinger,
St. Jelin's, New Bill, a-
wick; J tubes, Prince Dlwarat'.. I:land.
NEWPORT, JULY 15.—Wind N• •
E —SO. Charlotte,
Baltimore.
QUEESTOWN, JULY 14.--Wind
14"17 Mall; Newfondlead, sad ow. for Liverpool.