The Sun.
London, England, 1851-05-20 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were es-
timated at 7,000 bales, of which 1,000 American were
laiKla done taken en speculation. and 300 Brazil for export. The
o-day. sales comprised about 5,000 American, 1,100 Perm=
and Maranhem at 6td. to 74d., 100 Bahia at 7d. to 71d.,
and 500 Surat at 30. to 411 d. per lb. The market
closed heavily, and American sorts were about id. per
lb. lower than on Friday lase—Railway Shares were
greatly depressed at lower prices.
Since the statement appeared in a morning contempo-
rary, as to the new discoveries of guano at the Seychelle
Islands, attention has been awakened to the matter,
and there is an apparent anxiety for information con-
cerning them as well as the other dependencies of Man-
-14 is% ritius. We understand that detailed charts and maps
by Mr. Charles Pridham, published by Messrs. Boone,
as far back as 1848, in his work on the Mauritius, fur-
nish all that is needed as to the islands in question as
well as the other islands thereabouts that contain guano.
The harbours, anchorages, soundings, and supplies ob-
tainable at each island are given for the guidance of the
mercantile and shipping interest.
Notice was taken upon a former occasion of the
hasty and ill-judged proceedings in the Legislatures of
Nova Scotia and New Brunswick in regard to the
proposals of Earl Grey for carrying out a main trunk
line of railway from Halifax to Quebec. The people
of those colonies, we are assured, do not coincide with
their representatives, and it is highly satisfactory to
find that in Quebec a decided movement in favour of the
undertaking has been made by influential parties,
who assembled in public meeting, and passed
various resolutions, and among others, to the
% % 4 effect, " that no doubt can be entertained, according to
the unbiassed calculations and estimates of Major
Robinson, the officer superintending the survey of the
different routes for the proposed railroad from Halifax
to Quebec, that this railroad, which will open to all
points of Canada a direct and rapid communication
o with Europe, New Brunswick, and Nova Scotia, and
cause an extensive emigration to these provinces, and
% become a second St. Lawrence during our long winter,
would ultimately yield a revenue exceeding our present
most sanguine expectations; that, moreover, there
is no instance on this continent of a railroad of any ex-
tent having tailed to produce an income greatly beyond
the interest of the cost of construction. That supposing
the apprehension that this road might continue a few
i 6 years without yielding a profit, to be well founded, such
as sa% apprehensions can offer no reasonable grounds to the Le-
gislature for refusing to undertake it, inasmuch as works
of thitecharacter are not constructed exclusively with a view
to the production of a revenue, but chiefly for the pur-
pose of opening internal communications, and develop-
ing the resources of country ; thus our canals and other
great public works, which have cost the provinces more
than five million pounds, and barely yield a revenue of
fifty thousand prounds, have, nevertheless, increased
more than tenfold the value of the real estate and the
se% general wealth of Upper Canada. That the movers and
seconders of the above resolutions be, with the Mayor, a
committee to draft a petition, founded upon the said reso-
lutions, to be presented to the three branches of the Legis-
lature, praying them to adopt, without delay, such measures
as they may deem calculated to meet the views of the Im-
perial Government, and to place the Provincial Govern-
ment in a condition to enter with all possible diligence
upon this great undertaking; and that his worship the
May or be now respectfully re quested to sign and trans-
mit the same to his Excellency the Governor-General
and the two Houses of Parliament. That this meeting
express the hope that the other provinces, who are
equally interested with Canada in the realization of this
great enterprise will not render it impossible, by refusing
their concurrence, or by imposing conditions which can-
not be accepted."
Ia the present temper of the mother country, and with
the growing indisposition not to be taxed for the benefit
of the colonies, we think the latter had better accept a
cus.
good offer while it is open.
The following extract, of the state of the New Orleans'
Cotton Markets, dated April 26, is from the Circular of
Messrs. Schroeder and Mummy, and published by Mr.
James Irvine, of Liverpool:—
"At the close of our last review, dated 12th instant,
our market had assumed a more satisfactory aspect.
This was of short duration, however, and the market
speedily resumed its sluggish appearance; sales to some
% % extent could only be effected at continually easier rates,
and amounted to only 22,800 bales, during the week
ending 18th instant, though the decline from the rates

quoted in our last review was fully 1. of a cent.
"The advices by Liverpool steamer of sth instant,
reporting a decline of ed., were soon followed by accounts
of the steamer of 9th instant, which, though not lower,
were by no means more satisfactory, and little calculated
to impart more activity or firmness to our great staple..
Sales during this week were on a still more restricted
scale than during the previous one, although factors sub-
mitted to a further decline of I- to iof a cent until
further advices by the steamer of 12th instant, with a
further decline of id. were received. These, however,
may be said to have been anticipated, subsequent sales
20 having been made at rates current before their arrival.
The business of the week amounts to only 17,800 bales,
a small figure indeed, considering our stocks, and the
continued heavy receipts, which now exceed' those of
last year by 135,539 bales; and, we must confess, are
well calculated to engender some doubts as to the correct-
ness of the previous estimates of 2,200,000 bales.
" Much attention is naturally paid to prospects for our
next crop, even at this early period of the season; and
as it cannot be denied that the weather, during the last
week, has been most unseasonable, it may be inferred
that it has proved detrimental in some degree. Tele-
graphic dispatches from various sections of the country
farther north report frosts injurious to the plants. We
quote our present prices as follows:
"Ordinary, 7kc. to Be.; good ordinary, 91-c. to 9k0.;
middling, loc. to 104-c.; good middling, 101 c. to 101 e.;
middling fair, 11c. to Hie.; fair, 12kc. Sales during
the last fortnight, 40,600 bales. Receipts at this port
since Ist Sept., 867,982 bales, against 732,443 bales last
year. Increase of receipts at all the ports up to latest
dates, 219,992 bales."
The English Funds have been steady, and with rather
more business doing. Consols have realised 97k for
Transfer, and 97i for Account. The aspect of com-
mercial affairs in France is reported to have improved
during the last few days, but the Bourse does not per-
manently rally. The New Three- and-a-Quarter per
Cents, have been 97i j, and the Three per Cents. 96f k.
Batik Stuck is worth 210 to 211. Exchequer-bills have
been quoted 435. to 47.1., and luaia Builds 545. premium.
Foreign Securities have been rather fluctuating again.
Spanish Five per Cents. are not quite so good, being
20j to 21. Portuguese Four per Cents, are 32i.
Mrxican Bonds have been 35k to a rally upon last
evening's prices, when the market was " banged." Bra-
zilian Small Bonds are 89, and Chili= Six per Cents.
104. Russian Four-and a-Half per Cents, are 1001 it.
Belgian Four-and-a-Half per Cents. are at 92, and
Dutch Two.and-a Half per Cents. are at 59i
In Railway Shares very little has been done and prices
continue heavy.

QUARTER TO THREE.
Consols . 97i /-
Ditto Account, June 10 ... ri
BRITISH FUNDS THIB DAT AT ONE O'CLOCk.
(From the, Official List.)
Rank Stock 211 210
3 per Cent. Reduced Annuities-- 96%
8 per Cent. Consols Anns
New 314 per Cent. Amts.
Long Annuities, Exp. Jan. sth, 1860... 7 5-16 7%
Do. 30 Years. Expire Jan. 5, 1860... 7% 7 9-16
India Bonds under 1,0001 . 54 p
South Sea Stock
Ditto Old Annuities 96
E vehwi uor Bills. 11,0.
1,0001....
4436 4 43 pP7
ni/
Small — 43 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds. 5 per Cent.
Ditto, Small .
Chilian Bonds,6per Cent . 10414
Danish Bonds 1825, 3 per Cent....
Ditto, 5 per Cent
Equador Bonds
Mexican 80nd5,1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto for the Account
Peruvian Bonds, 6 per Cent
Ditto for the Account
Ditto Deferred
Portuguese Bonds, 5 per Cent
Ditto 4 oer Cent.
Ditto Account
Ransian Bonds. 1822, 5 per Cant —
Ditto 4% per Cent. 100%%
Spanish Bonds, b per Cent —
Ditto for the Account
Dividends on the above payable in London.
Belgian 4% per Cent . ......... 92
Dutch 2% per Cent., 12 Guild ... 59t4
Ditto 4 per Cent. Certificates ... 8934%

LLOYD'S SHIPPING.—( THIS DAY.)
LONDON, MAY 20 —Wind at noon N.W., fresh brerse.
Orr PORTLAND, MAY 19.—Middleton, Van Diemen's
Land.
FALMOUTH, MAY 19.—Wind N.W., strong.—Arrd.
Caspar, Santos; Marie, Trinidad de Cuba; Columbine,
Havannah. Off port, Schilizzi, Puerto Cabello, and aid.
for Amsterdam; Mariner, Sierra Leone, and ski. for
Liverpool.
BRISTOL, MAY 19.—Wind N.N.W., fresh.—Arrd.
Triumfante, Havannah.
GLOUCESTER, MAY 19.—Arrd. Mary, St. Andrew's,
New Brunswick.
CARDIFF, MAY 19.—Wind N.N.W.—SId. Norden,
Manilla; Flanders, New York; John and Mary, ditto;
Talent, Quebec; Eclipse, New York.
QUEENSTOWN, MAY 18.—Wind N.W.—Arrd. Bos-
phorus, Callao; Metcalf, ditto; Reform, Rio Grande, for
London; Reindeer, Bahia.
WHITBY, MAY 18.—Wind N.W.—Acrd. Prince, of
Selby, dismantled from contact with the Gannymede, of
Hartlepool.
LIVERPOOL, MAY 19.—Wind N.W. to W.S.W.—Arrd.
Swiftsure, Bonny, sailed 6th March, and North West
Bay, 9th; Lancashire Lass, Laguna; The Duke, Mobile;
Edward, Apalachicola; West Point, New York; John
Bright, China; Christina. Singapore; Countess of Dur-
ham, Calcutta; William Penn, Bombay; Ellen, Patagonia;
Kennebec, New Orleans; United Kingdom, Savannah;
Abbey Sands, ditto. Sld. Henry Winch, Moulmein,
Off port, Moultan and Henry Ism ay. The John Brom-
ham, henc:-, and Camoroons to Benin, was wrecked a
little to the south of the latter river, and set fire to
on the 14th; crew saved. The Tribune, hence to Callao,
struck on a rock at Talcahuano, and put into Valpa.
raiso on the 24th of March to repair; cargo discharged
in a damaged state. The Rosamond brig, of
Newport,
long. 38, dismasted and waterlogged,
DEAL,
EA
laden with knee pieces, was fallen in with on the 6th
instant,
4191.9—Wind N.W. to W.N.W,, strong and
squally.—Arrd. Solids, Savannah for Amsterdam;
Commodore, Sydne_y, New South Wales ; Dispatch, '
colooni fidget, rcato Rico.

MAY 20, 1851.