The Sun.
London, England, 1851-07-14 00:00:00

NEINES.

Paid, Nominal Prices. Business dour
to-day.
Asturian ••••.. • • • • 15 .. -.•
Australian .... ••.•• • .. 4 1% -2%
Barossa Mango .. • • ... 1 13 0 3% -
Blaenarvon Iron and Coal all ..
Bolams Scrip • • - -
British Iron- • • ... • .... 13 5 .. -
Brazilian Imp. (is. 51. p.) 24% -
Do. Cocaes and Cuiaba all -
Do. St. John del Rey.. 15 171 A - 1934 xd
Cobre Copper .• .• • 40 39% - 41% 404
Coplapo ..... • • • • 14 6k, -7%
...... • • all 13% - 14
51exican,& S. American 9 3% -
Real Del Monte, Uureg. - 4 - %
Do. Black Debentures. - • • -• •
Do. Red Debentures .. - •• ••
Santiago de Cuba ~.. 10 7% -6%
Till Croft .........• • • • 7 - 8
United Mexican .....• .282 8% i 314 -2% 2%
JOINT STOCK BANES•
Australasia all 33 - 3434
British North America.. 50 45 -46
Colonial ...... • 25 10% -12
Commercial of London.. 20 25 - 25%
London Joint Stock .... 10 18% - 17%
London and Westminster 20 27% -28
National Provincial Eng. 35 •• ••
Do. New .
National of Ireland ...• 22% 18% - 20%
Provincial of Ireland.— 25 42 -44
Do. New .. •..• all 15% -15
Union of Australia all 35 - 36%
Do. New ........ •• 234 3 -3%
Union of London .... •• 10 12% - 13%
Union of Madrid all
MISCELLANEOUS.
Canada •• •••• • • ' 32)4 44% -46
Gen. Steam Navigation . 14 2634 - 28
Penin. &Oriental Steam. all 69% -71
Ditto ditto 5 11 -9% xd
Royal Mail Steam ...... GO 75 -78 75
(We cannot be answerable for the errors of the Official Lists, and
will not be influenced by interested correspondents.]

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool on Saturday were
estimated at from 5,000 to 6,000 bales, of which 1,000
American were taken for export. The sales comprised
5,000 American, 100 Egyptian, at 61d. to 71d ; and 200
Surat, at 3d. to 31d. per lb. The market was quiet
but steady, at previous rates.—ln Railway Shares only
a limited business was done at lower rates.

The marked apathy on the part of the public which,
for some time past, has prevailed in respect to Railway
Shares is, as the customary sequel of undue excitement,
in some respects explicable. Extremes, however, may
exist either way, and we apprehend that many shares
now are as causelessly depressed as they were before
advanced. Dividends are, after all, the true test, and a
fair consideration of future prospects should, in addition,
aetermine present values. Messrs. J. S. Tripp and Co.,
in a circular just issued, estimate the dividend for the
first half of this year, at the rate per cent. per annum of
2 per cent. on East Lancashire, 3 per cent. on Great
Northern, 4i per cent. on Great Western, 5i per cent. on
North-Western, 3i on Brighton, 2 on Midland, 3on
South• Eastern, and 3i on York and Berwick.
The last six weeks of the half-year ending June,
1851, justifies the belief of increased dividends hereafer.
The London and Nor, h-Western take the lead, and
East Lancashire, Great Western, &c., are to be included.
The only reason we can assign fur the great depres-
sion of the Railway Share market is, that people have
not recovered firm the fright of the recent fall, and as
is usually the case, the public prefer buying on a rising
to a falling market. It has been stated that the large
quantity of shares still in pawn hangs as a nightmare on
the market, and prevents any improvement in prices—
that immediately upon a rise this stock is poured upon
the market. Now if this were really so, we should finn
the contangos on the account days increase; i. e., the
rate of interest charged for loans upon shares would be
higher, but the reverse is the tact, fur scarcely at
any moment could money be raised upon shares with
greater facility or at more moderate rates than at the
present time, and we are assured that at Liverpool the
facilities for borrowing money on railway shares are
even greater than here, from which we conclude there is
no probability of any amount of stock coming on the
market at present prices; and we believe that when the
half-yearly accounts are published, and the fsvourabl.
results of the last half-year's working become known,
capitalists will be induced to purchase at present prices,
when a smart improvement must f, llow.
There is another important feature which must not
be lost sight of, viz., the decrease in railway calls.
Touching, therefore, present values, there are nu secu-
rities so convertible as railways share that offer an equal
immediate or prospective return to the capitalist.
Take, for instance, the London and North-Western
with a reserve fund in hand of 151 2911., with a dividend
just due of 2! per cent., and another dividend due in six
months hided of 3 per cent. at least, together amounting
to 51. 155., which the tresent purchaser will receive
within six months from the date of his investment, and
he will then be the holder of a stock which will subs°.
quently pay him a minimum dividend of 6 per cent.,
with a prospect of a gradual rise to 10 per cent.
We are therefore decidedly of opinion that the prices
of railway shares are now toe low.
Granted that there are parties who, at the first consi-
derable advance, are waiting to realize, yet the capitalist
must bear in mind that next year, there will be no rail-
way calls to ul-ct the market—the wealth of the coun-
try will be coi:siderably augmented by the railwapi
being nearly all completed and returning dividends, and
iha. there will be no other investment of sufficient ma;
nittele, excepting our railways, that will yield a sate and
profitable return, that can carry off the, enormous sur-
plus capital of next year, which we estimate will be at
least equal t forty millions sterling. With consul-
above 100/, which next year will be the case, it is non-
sense to suppose that railway property will not be in re

quest.
For Wheat prices are steady to-day. Oats are
lower.

The express in anticipation of the overland mail ha,
arrived, but the letters are nit yet in town. The state
of tradt, in India dues nut appear to be very favourably
reported on.
The New York advises notice the failure of one or
two firms, own g to the revulsion i❑ Cotton. This was
fu;ly expected.

The flimburgh mail brings the rate of Exchange f
higher on Loudon, viz., 13 3f. There was rather more
dt mind for money, but a good teeliug prevailed in the
Shisre market.
At Amsterdam on the 11th inst. Dutch Stock was,
firm, the Two-and-a• Halt per Cents. being 58 13-16
Spanish Bonds were in r6quest.
The Funds open much the same to-day, and there bee
b6en a moderate business doing. The attn ndance of
Comol dealers is not lerge, Monday being seld, m a very.
busy day, but as the settlement of the account take,.
place next week, we sh.ll probably have then more ac-
tivity. Consuls have teen 97 to The New Three-
and-a Quarter per Cents. have realised 99f and he
Three per Cents. 974 Bank Snook is ni in at 214,
and Lydia Stock steady an 262. Exchequer-bills
sup-
port the rates of 516. and 545., and ludiA Bonds have
born at 59 s. premium.

In the Foreign Market Spanish Bonds have been
higher, the Five per Cents. realising 201 1. The Tor. e
per Cents. have been at 381. Brsz,lian Small Stick
has been at 901. Obi Bond, have been quoted
89, and the Deferred 431. Sardinian Scrip is at
discount to par. The Five per Cents, have teen at 93
75, with the exchange at 25. Dutch Four per Call&
nave been 92i. Spanish now are 211 to
Railway Snares have been all lo.er. and this being
the day for carrying over, the Bears take advantage
of it.

QUARTER TO THREE.
Console ... .. 97*
••• .•
Ditto Account ... ... 97 *ex div.
BRITISH FUNDS TIIIS DAY AT ONE 0'u.1.40‘,.b..
( From the Official List.)
Bank Stock 214
8 per Cent. Reduced Annuities.... 97%34
8 per Cent. Consols Ann!. (+7%l 97
New :PA per Cent. Antis.
Long Annuities, Exp. Jan. sth, 1860 7
India Stock 262
Do. Bonds, 1000/
Ditto under 1.000/
Console tor Account 97
E t,h.nuer Bills. I t
1,0001. .. — 54

'97%

-51 p

Bmall
PRICE OF FOREIGN FUNDS AT ONE
Brazilian Bonds. 5 per Cent.
Ditto, Small 9034
Mexican tsoueta, 1546, ea Jan. Coupons 32)(1
Peruvian Bonds, 5 per Cent B9
Ditto for the Account ..... 89
Ditto Deferred .. 4334
Sarrdinian Bonds, 5 per Cent. .
D0., Scrip .
3panieu Bonds, 5 per Cent....., 2053/4
Spanish Ronds,3 per Cent,lB4o ... 38%
i)ividen,is on the above payable in Londor
French Rentes, 5 per Cent.
Exchange. 2sf.
Dutch 2 tit, per Cent., 12 Guild
Tlitto 4 per Cent. Certificates
Ditto for the Account

O'CLOCK.

--
TO THE EDITOR OF THE SUN.
SlR,—Obaerviug to seven,' ntsvalmpers of this day
W i
that the Grand Agricultural Dinner at
Windsor is to
be supplied by me. I beg to acquaint you that, to my re-
gret, I was compelled to decline it, owing to the multi-
plicity of my engagements.
I am, Sir, yours, So.,

A. SOYE R.

Gore Ilouso, Kensington, July 14, 1851.

ARRIVALS AT MIVART S HOTEL.— His Excellency
the Conde de Ce vellon, the Duchess Fernan Nunez, the
Countess del Pilau Ororio and suite, from Spain ; the Hon.
Mrs. Vanneck, from Naples the Marquis Pallaviceini, the
Marquis 13.11 bi, Count Gheridiska and Count Alessandri, from
from ditto—Marshal Narvaez (Duke of Valencia)
ator;al. arid Madame Girod (de Pin), from Paris. De-
parturesied by Colonel Villalte and suite, for Paris ; Mr.,
Mrs., and the Misses Naper, for Woodeote, Norfolk ; Lady
; Mr. and Mrs. o':.hea, for
Cbetwynd, for Longdon Hall
Fulbeck Hall, Lincolnshire; Prince Demetri de Narir.chkina
and suite, on his return to Pussia.
Miss DAVENPORT.—This talented English actress
has become a special favourite throughout the United States.
Her success at St. Louis was so great that an address, signed
by upwards of 2bo respectable citizens, was presented to her
on the 16th ult., tendering her complimentary benefit after
her regular benefit had taken place.
LIVERPOOL, SATURDAY, JULY 12.—The Royal
Mail steam-ship America, Captain Leitch, sailed from the
Mersey at eleven o'clock this morning, tor Halifax and
Boston, with the usual snails, a fair freight, and :0 pas-
sengers.
BANQUET TO 11. STEPHENSON, M.P.—The grand
banquet to be given to Mr. Robert Stephenson, M.P., the
eminent engineer, in acknowledgment of the services which
his genius has rendered to the country, is fixed to take place
on Wednesday, the 27th of next month, in the PaTilion, at
the George Hotel, Menu-bridge,

I_,Ltt SHIPPING.—( DA Y')
LONDON, JULY 14.—Wind at neon W., moderato
breeze and fine.
QUEENSTOWN, JULY 13.—Wind W.—Arrd. Sophist
Alexandria, United States; Volunteer, Galati; Sir Joba
Ogilvy, t,:alontca; Mona, Ancona; Clara Matbiltle•
Leghorn. Ski. Herman, Constantinople. Off port,
Moot, l',rto Rica.
MARGATE, JULY 13.—The Harewood, from Guernsey
to London, drove from her anchors on the night of the
11th during a gale from the N.E., and went ashore near
the Reculvers, but was assisted off atter throwing over-
board part of her cargo, and brought in here to-day.
FLEETWOOD. JULY 13.—Wind S.W.—Arrd.
Elise-
beth, Miramichi.
FALMOUTH, JULY 12.—Wind variable ; 13th, Wr"
light air.—Siren, Lawson, Fatahe ; Riksboth, Hein"
Ibrail; Dawn, Bli nkinsop, Malta ; Holies Minde'
I)ram ; Gladiator, Arcubo, Port Royal ; Volun3oiai
Strickland, Alexandria; Spernuga, Ibrail; San DI ichelet
Barletta; Exmouth, Piliscombe, Ancona. Off Fort'
Rattler, Ennis, Hobart Town; Europa, Havanna!). .
SAECOMBE, JULY 11.—Arrd. Mersey, Quebec. ,
WHITEHAVEN, JULY 12.—Arrd. Planter, KonneofP
Quebec. Sid. Priscilla, Quebec.
RYE. JULY 13.—Wind W.—Arrd. Aurora, N°P
guard, Gothenburg.
PORTSMOUTH, JULY 13.—Wind W.—Sid. Hindostall'
Riviera de Loup.
COWES, JULY 12.—Wind S. W.—Arrd. 0. J. Chafre'
P I burgh, Ha,annah.
KINGSBIUDGE.—An 3romucbe, Gelong and -
ost
Philip.
1 LYMOUTH, JULY 13.—Wind S.W.—Sid. Oreicti.
Adelaide, South Australia; Loyalist, Newfoundland.
PADSTOW. JULY 12.—Arrd. Esgie, Mabley, Quebec/,
PILL, JULY 13.—Wind W.N.W.—Arrd. Bristol, qic
lard, Trinidad; Josephine, Brombolm, Havannab; riv
Celina, Russell, St. John's, Newfoundland. Sld. Wi
Miles, Quebec.
CLYDE, JULY 13.—Wind S.W.—Arrd. Elizs Ste"r4
Henderson, and Madera, Trinidad; Palermo,
Windsor, United States; Telemaca, Ibrail; Margorc,!
Ruel, Archangel; James Campbell, Galloway, Trinidttli.l
Sarah, Tuns, New York; America, Guthrie, Montrests
George Cannit,g, Key, Catania.
DUBLIN, JULY 12.—Wind W.—Sid. Catherine, Neil.
York.
KINGSTOWN, JULY 12.—Wind W.— Arrd. Susanobi
Fanland, Vedanoaa; Alexander; Alward, St. Lucie.
WATERFORD, JULY 11.—Wind. W.N.W. to W. 613,
W.S.W.—Arrd. Herald, Sullivan, Baltimore. 51d.,C61"
Gslatz; W. S. Hamilton, Alexandria. if,
LIMERICK. JULY 12.—Wind S.W. Arrd.,
Laiv'
Gorman, and Primrose, Ferguson, Quebec; Rapid,
son,Galatz. Ski. Lydia, New York.
WESTPORT JULY 12 —Wind S. W.—Arrd.,
Key, Sr.. John's, New Brunswick. Sid. Francis, Cluche:g.,
YARMOUTH, JULY 13.—The Sirens, Russian bsrq
from London to Hartlepool, has been towed in here
leaky, having been on Hasbro' Sand; she will have
discharge her ballast and go into dock.
• •

QUARANTINE NOTICES.
LISBON, JULY 6, Wl'
Sir,—The Board of Health has Issued the folloWiro
notices:-
0f the Ist instant, in the Diario of the 3d, declarill
the port ot Maranbam to be " stiep• ct€ d" of yellow fel,en,
Of the 2d instant, in the Diario of the 3d, deLlatir4
the island of Grand Canary to be `'inf. cted" with 013°'
lera, and all the other islands of that Archipelago "B°s.
petted."
Of the 3d instant, in the Diario of the sth, declarld
that the directions in the order of 25th July, 1850, reot;
Idling the admission of procedencies from suspected Pro
of Brszd, are extended and applicable to those frein
suspected ports, whatever may be the disease causiogt4
suspicion; thus altering the order ot 7th January. I°'
(Signed) CHARLES JAUNCEY, A. nt to Lloyd
Capt. G.A. Halsted, R.N., Secretary, Lloyd's.