The Sun.
London, England, 1851-11-24 00:00:00

GERMAN Y.

The States of Brunswick adopted, in the sitting of
the 19th, the new Electeral Bill presented by the
Government.
The Universal German Gazette has the following
on the commercial treaty between Prussia and Bel-
gium :
" The renewal of the treaty concluded with Belgium
may be considered to have failed, for the Belgian Go-
vernment is unwilling to make to the Prussian Govern-
ment, which negotiates in the name of the Zollverein,
the concession it demands, but pretends to stand on
the old stipulations. Our Cabinet will not give way, for
Belgium has made concessions to France, and experi-
ence has proved that the importation of Belgian iron into
the territories of the union considerably surpasses that
of the wines, &c., of Prussia. Prussia has just been
charged by the Zollverein to employ coerciave measures
against Belgium."
The designation to be assumed by the new King
of HANovER has given rise to some little difficulty.
It was doubted whether his MAJESTY should be called
George 111., as the third King of Hanover of
that name (GEORGE 111. of England was the first
King of Hanover), or George 1., as the first exclu-
sively Hanoverian King ; but it was at last decided
that he should take the name of George V., as the
fifth of the House of Hanover, including the Electors.
The Elector of HEssE has gone on a visit to Vienna.
The Landgravine ELEONORE of Hesse-Rolhenburg
died a few days ago near Brunn, in Moravia, aged 92.

THE S:IARE MARKETS.

BRIIII3II RAILWAYS.

Railways,

Aberdeen..
Ambergate, Not'
Boston, & E. Junclon
Belfast and County Dom
Wolverhanap.
and Stour Valley ..
Birkon.h., Lan., & Chesh
Junc., late 331.65. ad..

Paid.

H all

Nominal Prices,

10% to 11

17Y,
100

100
8 6 8

4% -4%

, -9%

11% -10% 41.

18% , 16%
7% 63018.
78 —SO
14% 147
20 —2l
23 —2l d.

6 - 7

N -3
2% -2%
6X, -6%

11 13 4
47%
100

100
42%

4% -5(

3M - 334
15( -15%

4 2 0
100

100
47%

25
9%
17%

49 -51

ill
all
an
1
63

27 -29
434 - 6

17%-17
5%- 5%
12% - 12%

18 2-3
all
126

35% - 36%
84% - 88
78 -80
8 - 9 p.

.. - ..
573 i -58

84 8 d.
5% 54 d.
133 i 14%

7% -7%

9414 —9534
116% —ll7
34 —354 P
1%-I%p.
85 —B6
734 614 Us.
6 b

N -2%

30 -31

3% ..... 2% Mi.
56 - 56%
27 -29

•. • - •
7% - lilt

5 —4% die,
.. —.. au,

21 —23
14% 13% es.
3% —2% di&
6% 7

8% —ll di,.
avfi.—fir
lb% —l6
14% —14%
9 10
714 $l4
614
4%
4 dia.
•• ••

14 —l6
7 8
10% 11%
% % 4118.
3% —3% d.

•• ,••• ••
14 -16
20% - 20%
26% - 27%

4 —3 d.

IL -13

160 163
.. —.. dli.

16 —l6 dia.
• • -- •• d.

•• •••• ••

.. —.. dli.

•• •••• ••
18% -••• 18 lii

6% -6%4.
3% -3% (I.
90% - 21%

Business done
te-day.

10 S

4h %

SOU
147 i% 15% 15
20% %

aii 4
23(
6% %

5 4%

17% 5i
.6%
._

123 %

84%:7‘. %
79
11%

67n SS

7% X

116% 117
215%
2%

30 X

575( 7 34 ao4
[67%

6% 7

NOEI3IIIIO Priem.

9% %

ay
10
all
all

Ditt• ditto
Royal Mail Steam .....
rWe cannot be answe_ _
will not be influenced by
Settling days in the nto
tared shares. 13t1,

20% % it

11% ii

16% 16X

Ig% Ni li

13%
5%
21% %

'Business daze
to-day.

Consols

MINES.

MONDAY EVENING, NOVEMBER 24, 1851.

Paid. Nominal Prices. _businessto-day.
Australian 4 —2%
Stimuli Range 1 13 0 •3% —3%
Blaenarvon Iron and Coal all ..
Bolanos Scrip —
British 1r0n....... is 5
Brazilian Imp. (is. Si. p.) 24%
De. Comes and Cuiaba all ..
Do. St. John del Rey 15 20% —2l
Cobre Coprer .• • 40 33 3436
Copiapo ..... .• 14 636 —7%
General..., - ••• ••.. • • all 189 —l4
Mexican& B. American 9 374 —4%
Real Del Monte, Uareg,
Do. Black Debentures. • •
Do. Red Debentures —
Santiago de Cuba lO 4 3X
Tin Croft .. •• . • •• • • 7
United Mexican., • • ...• 28 28% 3 2
West Mariposa, 1%.
JOINT bTOCIC BANKS.
Australasia •• • .
British North America
Colonial ........ • • - 113(
Commercial of London 2O 25 26%
London Joint Stock
London and Westminster 20 283( 2934
National Provincial Eng. 35 ..
Do. New ........ • •
National of Ireland ... • 22% 18% 17%
Oriental Bank Corporat. all 27 2734
Provincial of Ireland.— 25 42 —44
Do. New ••••
Union of Australia ...• all 35 8636
Do. New 2% 3
Union of London •• ••
Union of Madrid •
MISCELLANEOUS.
Canada • • • 3234 48 4936
Gen. Steam Navigation . 14 2736 —2B x.d
Penin. & Oriental Steam, all 69 70%
Ditto ditto 10 15% - 1636 1634 %
Royal Mail Steam 60 79 —BO

.CEL,
3234 48 49%
14 273( —2B x.d
all 69 70%
10 15% - 1634
60 79 —BO
able for the errors of tke Official Lists, and
interested correspondents.]
nth of November. Ticket days for regis-
xi 27th. Account days. 14th and 28th.

MONEY and COMMERCIAL NEWS.
CITY. TWO O'CLOCK.
The sales of Cotton at Liverpool on Saturday were
estimated at 6,000 bales, of which 500 American were
taken for export, and 500 on speculation, and include
5,000 American, 300 Bahia at 50. to 5d., 100 Egyptian
at &id. to 6d., and 800 Surat at 2!1. to 34d. per lb. The
market was firm.—The Share Market was not quite so
good, _ _ _

The grain trade has been firm this morning.
The position of some of the Californian gold mining
companies has been much canvassed on account of the
endeavour to work them upon the cost-book principle.
The opinion of competent practical men is that mining
companies can be conducted upon the " cost-book"
system wherever that system can be carried out, and
consequently that the part of the country in which the
stanary laws prevail should not be exclusively benefited.
The Joint-Stock Act states that all companies
are exempt when conducted on the " prin-
ciple" of the cost-book, and does not say
that Cornwall alone can adopt that principle which, fa-
miliar as it is to many, may as well be described in the
words of a correspondent of the Mining Journal,
who asks:—
" What is the grand and fundamental ' principle' of
the cost-book? It is, I contend, a mutual partnership,
where the partners manage their own affairs, each indi-
vidual being responsible for the whole debts of the
partnership, but no partner (or servant) having
power to pledge the credit of his co-partners
without their consent. The names of the part
ners, or as they are more commonly called adven-
turers,' are registered in a cost-book, where the accounts
of expenditure (which should be paid every month) are
also entered, and the adventurers meet once in two
months (or quarterly in tin mines) to investigate their
affairs, audit the accounts of their agents, vote funds,
&c. A code of rules and regulations is generally
adopted for the management of minor matters, and
which form a part of the grand principle' of the cost-
book."
It certainly would appear, upon this showing, that any
company in the United Kingdom following strictly out
the above plan could work under the "cost book" laws,
but there are strong objections to undertakings having
their seat of operations abroad being similarly
included. The shareholders could not have the
control of their affairs or circumscribe the ex-
penditure, and they would therefore be indi-
vidually liable for a great and perhaps unreasonable
outlay.„Companies regiatered:under the Joint-Stock Act
can be made amenable, wherever they operate abroad,
as long as their board sits in the United Kingdom, and
their capital is subscribed here, and we think the share-
holders would act unwisely to relinquish the control pro-
vided. Another plan, however, our laws will not affect,
viz., the French commandite. The Nouveau Monde
company has been formed with a direction in Paris, and
a London board as well, so that the manager alone
is made liable for any deficiency after the capital
is lost, and the proprietors know the end of their lia-
bility, and that they do not risk the whole of their pro-
perty. As it is obvious this can be carried to any ex-
tent, we may have the very objectionable course taken
hereafter of giving every English company a nominal
head at Paris, and calling the London board a more
agency; therefore one of two things must be done—
either the commandite law must be adopted here or it
must be discountenanced upon the make-shift plan of a
direction half English and half French. The Nouveau
Monde Company having an excellent board, a most fa-
vourable lease, and being moreover for mining purposes,
has done well to set the example and give the Legisla-
ture an opportunity of " pronouncing" hereafter.
The latest accounts from New York report a steady
Stock Market. Unusually large shipments of breadstuffs
had been made. Cotton was inactive. To the 4th inst.
there was a decrease in the shipments of Cotton for the
week, compared with the corresponding one of last year,
amounting to nearly two millions of dollars.
Specie to the amount of 2,500,000 dollars was ex,
ported from New York during the week to the Bth ult.
From Buenos Ayres we learn that Oribe was exerting
himself in the endeavour to conciliate Urquira and the
Brazilians, but he was denounced a traitor at Buenos
Ayres, and Urquiza also was daily burned in effigy there.
Roses had been elected governor for life by the House
of Representatives. Measures were being taken to
strengthen the Argentine army. If Oribe failed to
make terms, and was thereby compelled to fly, it was
supposed the destruction of his army would be the result.
From Port-au-Prince we are informed that a truce for
one year had beenmade between the Haytians and the
Dominicans, and one year's notice to be given before
commencement of hostilities. There was a prospect of
an abundant coffee crop, and it is now thought there will
be more prosperity.
The English Stock Market has not improved, although
the steamer from America brings more specie, and a
large additional sum will appear in the next weekly re-
turn of the Bank of England, owing to receipts from
Russia. Consols have been 98i * for Transfer, and are
now 98* buyers, for Account. The New Three-and-a-
Quarter per Cents. have been 99* to k, and the Reduced
Three per Cents. have been 98 to *; Exchequer-bills
have been well supported, at 535. to 555. premium. East
India Stock has been at 2621 to 264.
Foreign Stocks have been more dealt in. Spanish Five
per Cents, have been 20i to 21*, the Three per Cents.
39; to 40k. and the Passive 5k to Mexican Bonds
have been 23i to 24, and are now 24 to f. Peruvian De-
ferred Bonds have been 41 to *. Brazilian are firm at 93*,
and Venezula at 36*. SardiniauSerip is discount. Russian
Five per Cents., have been very firm at 111*, and
Dutch Two-and-a-Half per Cents, at 59*.
The Railway Share Market has been extremely
buoyant, and in the smaller shares there is, in several
instances, a further improvement. The Aberdeen,
Midland, and East Anglian have been all dearer.
Gold Mine Shares are flatter. Aqua Fria 1* to
Nouveau Monde * to 4, and West Mariposa f to j pram
Ave Maria par to * premium.

LLOYD'S SHIPPING.--( THIS DAI .)
LONDON, NOT. 24.—Wind at noun N.Y. to W., light
airs and dull hazy weather.

SWANSEA, Nov. 22,—Wind Appleion,
Williams, Valparaiso; Pearl, Cuba.

.
MILFORD, Nov. ' -
N.E. to N.W.—Arrd.
Taucred, Prince Edward's Island; Maria, Quebec.
BEAMIARIS, Nov. 22.—Wind N.W.—Arrd. Dement
and Robert Burns, Quebec.
HOLYHEAD, Nov. 23,—Wind S.W,, fresb.—Arrd.
Meggerson, Hughes, Quebec.
CLYDE, Nov. 22.-81 d. Leipzig, Aden; Annabella,
Trinidad.

KINGsTowx, Nov. 22.—Wind N.W.—Arrd. Tanton,
Gipsy Queen, and Odessa, St. John's, New Brunswick;
Artenus, Prince Edward's bland ; Magog, Quebec;
Indetrautea, Ibraila.

WATERFORD, Nov. 22.—Wind N. by W. to N.N.W.
—Arrd. Margaretha, Louisa, Riga; Orbit, Quebec.
QUEENST.WN, Noy. 21.—Wind N.N.W., strong;
22d W.—Arrd. William Stephenson, Callao; Carlo,
Alexandria. Off port, Star, Callao.
BELFAST, Nov. 22.—Wind N.—Arrd. Standard,
Ritchie, Quebec; Gertude, Riga. Sid. Midudes, Char-
leston, South Carolina.

DUNGARVoN, Nov. 22.—Wind N.N.E.—Arrd. Mar-
garet and Ellen, Quebec.
DARTMOUTH, Nov. 23.—Wind N. Arrd. Rose,
Burham, Harbour Grace, Newfoundland.
PLYMOUTH, Nov. 23 —Arrd. Roblin Castle, Sadler,
and Lard Stanley. Thomas, Quebec.
FALMOUTH, Nov. 22.—Wind N. to N.E., fresh brecz,:s;
23d, variable.—Catherina, Llityannah ; Emilie and Bayard,
Alexandria; Lette de Maggio, Ibraila; Atlantic, Con-
stantinople; Sultan, Elizabeth, and Maule, litslatz. Off
port, Maria, Boston; Clifton, Trueman, Denia.
BRISTOL, Nov. 22.—Wind N.N.E., light breezes.—
Sea Serpent, St. Petersburgh.
OFF DUNGENESS, Nov. 22.—Marianne, Baltimore.
OFF BEACHY HEAD, Nov. 22.—Hercules, St. Do-
mingo.

_
SHOREHAM, Nov. 22.—Arrd. Sultana and Selina,
Zante.

COWES, Nov. 23.—Wind N. by W.—Arrd. Jorge
Juan, Havannah; Comet, Paillips, Marsala. SA. Eli
bed), Trieste.

SOUTHAMPTON, NOV. 23.—Arrd. Pottinger steamer,
Alexandria.

LIVERPOOL, Nov. 23.—Wind S.E.—Arrd. Thecla,
Marcaib, ; Rob Roy, Calcutta ; Atterspool, ditto;
Royalist, Bombay; Warbler, New Orleans; Colum-
biana, ditto; Horizon, ditto; Clara Wheeler, ditto; W.
A. Cooper, Baltimore; Europa steamer, Boston, left 12th
November, and Halifax, on freight 180,000 dulls.; John
S. de Wolf, St. John's, New Brunswick; Irene, ditto;
Harwood, Mirarnichi; Susan G. Owens, Charleston;
City of Glasgow steamer, Philadelphia; Olive, St.
John's, New Brunswick; Caroline, Iceland. Off port,
Roscius, Patriarch, and Chesterfield. Sld. Margaret,
Melbourne; Patriot Queen, Calcutta; Old England,
Fernando Po; Ranger, Bahia; Phoenix, Antigua; San
Grues, Havannah; Lord Ashley, and Arabella, New
Orleans; Araminta, Mobile; America steamer, James
Walker, Theodore steamer, Pioneer, and Ashburton,
New York. Put back, Abd-el-Kader, for Trieste.
DEAL, Nov. 23.—Wind N.W. by W., light.—Arrd.
Jenny Lind, Colomboi; Leander, ditto ; Lame', Que-
bec; Ann, River Plate; Dorothea, St. Vincent; Patriot,
St. Jago de Cuba ; Royal Victoria, Charleston ; Pro-
bus, Fuside, and Rover's Bride, St. John's, New Bruns-
wick ; Victoria, New York ; Margaret, and Ann and
Ellen, Quebec ; Eclipse, Davis, Madeira ; Gloria, Bil-
boa. Sid. Mary Lee, Cape of Good Hope ; Asia, St.
Helena ; City of London, and Statira, Bahia ; Cambo-
dia, Geelong; Geelong, Shanghai ; Osbert, Dominica ;
Talbot, New Orleans; Caroline Road, and France, Nsw
York.

PORTSMOUTH, Nov. 22.—Wind N.; 23, N.N.W. to
W.S.W.—Arrd. Six, Bebzley, St. Peterbburgh.
OFF THE NORTH FoßELAND.—Cromweli, Danelly.
DOVER, Nor. 23.—Arrd. Corbierre, Panama ; Elizs
Jane, liriffiths, Port Madoc ; John, Hendriker, New
York. Off port, Thorwaldten, Demerara ; Symmetry,
Miramichi ; August and Edouard, Alicata ; Humber,
St. John's, New Brunswick.