The Sun.
London, England, 1851-01-15 00:00:00

MINES,

s
Paid. Nonain al Pric.c3, to,.
to-day.
--- ----....
Anglo-Mextran(is. N. p.) 100 .. —..
Asturian •• .. ••••• . • • 15 .. —.•
Australian .... •••• • • • • 4 3!,‘ 3
Barossa Range 1 13 0 3% —3%
Blaenarvon Iron and Coal 50 .. _, „
Bolanos Scrip ...... •• • • •• • • •
British Iron.. •••.• • • • • • 13 5 • • —• •
Brazilian Imp. (is. Si. p.) 24% .. _..
De. Cocaes and Cuiaba 30 3% 314
De. St. John del Rey.. 15 14% 14%
Cobra Copper ...... . • • 40 32% 35%
Copiapo ............ .. 14 5% 534
Genera 1.............. 20 13% 14
Real Del Monte, Unreg. % %
Do. Black Debentures . • • - .
Do. Red Debentures .. • • —• •
Santiago de Cuba .. ~.. 10 9 —7%
Tin Croft ............ 7 10% 11
United Mexican........ 28 28% 6% —5%
MISCELLANEOUS.
Canada .............. 22% 42% —44
Gen. Steam Navigation . 14 26% 27%
Penin. & Oriental Steam. 50 78% —76 x. all ex.Bll
Royal Mail Steam ...... 60 73 73%
IWe cannot be answerable for the errors of the Official Lists, all'

lcial Lists, and

will not be influenced by

interesto

d correspondents.

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of Cotton at Liverpool yesterday were es-
timated at 2,000 bales, comprising 1,500 American, 20,
Egyptian at Bd. to 10d., 200 Surat at sd. to 54d., and
20 Sea Island at ls. 31-d. to Is. sd. per lb. The market
was heavy, and prices declining. Most descriptions of
American and Surat were *d. per lb. lower.—ln
way Shares a fair business was done, at rather higher
prices.
The Corn Market is steady to-day. English of fine
quality is in very limited supply.
The following remarks by Messrs. Walker, /Dwell,
and Hale, expose the tricky practice of blending Port
wine in the docks:—" The deficiency in the vintages 0,,
1848 and 1849 in Portugal was the undoubted cause et
the scarcity of moderate-priced port wines; and this
circumstance ;having led to a considerable advance in
prices in this market, several importations took Place
vie America, some of which were of good fair qualities'
and no doubt genuine port wines. Hence succeeded
demand for what has been termed indirect port wine'
Large quantities of wine were also blended in bond,
and so long as this system was confined
to the blending of genuine port wines, it 'pie
have been considered of some advantage to the
trade, particularly as the buyer has always the means
at his command ,of ascertaining the fact whether toe
wine has been blended or not, by demanding of the seller
the usual duplicate warrant. But it can be easily ?ll'
derstood, that if permission be given to blenel wines
Icoming from places of which such wines are not
growths, no guarantee can remain of their genuineness, 911
the duplicate warrant declaring such wines to be Por-
tugal red or Spanish white, may be the means of gross,/
deluding the purchaser; and that this may have been the
case, and the preceding remarks not uncalled for, n
will,
we believe, be acknowledged by our correspondents'
We have now before us particulars of large quantity
(hundreds of casks), consisting of Sicilian, Freueb,;
Spanish, Lisbon, Marsala, Cape and port wine, blended
in bond, in the London Dock warehouses, ell
which has been exported, and subsequently re-impoorte,
into London as Portugal red wine. Incredible as Ow
statement may appear, we:can vouch for its correctness'
We believe that the Customs have since interfered, and
that the subject has been taken up by the Wine 1112
Spirit Committee ; but the only remedy, as a security ~.,
the country buyer, would be on the duplicate certificate
to describe the wines as merely red or white, leaving the
further designation to be inferred from the place wheoc".
imported, or where blended.
" As to Sherry, the vintage of the year (1849), it 11
turned out very bad, and it will be with difficulty that
one-fifth of the produce can be made available,
will contribute considerably to the scarcity of low vrine_.,:
As yet, this winter (our letter is dated Port St. MerY
24th December, 1850), we have had no rein'
which we stand so much in need of for the
country, and- if we are not very 8111311°/
relieved from this calamity which we have suffered fromfor some time past, the vines will be materially Wu
if, therefore, there be any produce it will be small en
of bad quality."
It is satisfactory to learn from Manchester that 211;
Claussen's process for manufacturing flax goes one;
cellently, and piece goods will shortly be in town.
effect upon the cotton trade, if the flax growers exec
themselves to cultivate a sufficient quantity, must be 10'1:
mense, and the United States Government we hear 1(7)
very solicitous about the matter. Attention is also
awakened among the American journals, as the follow"
ing extract will show:—
" If it should turn out, upon further trial, that
prepared in a particular way can be substituted for 0!).1,
ton, so as to enable Great Britain to dispense with
our southern staple, a mighty effect will be produce:
upon the value of' property in the Southern Stetle
The price of lands and slave property will at once.
diminished, and business arrangements entered into
upon the present value of that species of property
will, after they have matured, produce a crash tai
will be felt over the entire country. A lesson w
thus be read upon the mutability of human affairs,
and the political consequences resulting from the cnang
would be most important. Should flax be made to sup'
ply the place of cotton, then will be exemplified the
impolicy heretofore pursued by the cotton States, of
~ •
relying on one leading interest to the exclusion of all
others. If that great system of American industry, first
recommended by General Hamilton, and since enlarged
and enforced by Mr. Clay, had been adopted here iaa
the south, no such catastrophe could befall her. 1311,1
unfortunately, that system was rejected. It is diffino"
to foresee the effects of this change. South Caroline;
now standing on the brink of secession, might be induced
to draw back, should she look into the future."
The meeting of London and Westminster Bank Pr°d-
prietors has been held this morning, and • has prove
most satisfactory. The report states—
" From the statements attached to this report, the
shareholders will perceive that the net profits of tn.,
bank, during the last half-year, amount to 33,923/. 15s. 61'1'
" Out of these profits the directors now declare a 01-
dend at the rate of six per cent. per annum.
" They also declare a bonus of six shillings per share:
being equal to one and a half per cent. on the paid-ur
capital.
" After these payments are made, the surplusea d
will amount to 100,107/. 12s. Id.
"The three directors who go out by rotation are 111'' 11'
Liam Haigh, Esq , Joseph Esdaile, Es+, and 11.4:44°
Stewart, Esq., all of whom being eligible, offer then)"
selvesfor re-election.
" London and Westminster Bank, 31st December, 1850.
DR. X. n•
To Proprietors for paid up Capital ... 1,000,000 0
To Amount due by the Bank for De-
posits, Circular Notes, &c. •••
To Rest or Surplus Fund ...
To Net Profits of the last Half-year...

3,969,648 15 11
111,183 16 7
33,923 15 6

X 5,114,756 8 °
X. ad.

By Government Stock, Exchequer-
bills, and India Bonds 1,089,794 16 5
By other Securities, including Bills
discounted, Loans to Customers, &c. 3,458,922 4 7
By Cash in hand 566,039 7 0

0
8
£5,114,756 1_
By a vessel arrived direct from Australia we ha;
PorG Philip dates of September 10. and Van Diemen
Land of October 6. There had been a further arrival co
convicts at Hobart Town, by the Nile, and in all the
colonies meetings were being held to
protest energeti-
cally against transportation. A crisis
appears to be at
hand, unless our Government makes timely concessions'
At Amsterdam, on the 13th inst., Dutch Two-nod-tv
Half per Cents, were steady at 56i. for
The Funds are rather weaker. Consols, 961- J Transfer, and 661 for February. Bank Stock is 214 t 0
215, and firm. The New Three-and-a-Quarter Pt
Cents. have realised 98i to 99. Exchequer-bills el'
down to 595. and 565. premium.
t
In the Foreign market very little is doing, except the
t ait
settlement of the account. Mexican Bonds are 34en
35-i; Peruvian Four-and-a-Half per Cents. have be
79 1; Russian Four-and-A-Half per Cents. are 96 0.
Railway Shares have been looking up.
QUARTER TO THRRA
... 961

Consols
Ditto Account
BRITISH FUNDS THIS DAY AT ONE O'CLOCIL

... ..-- -
( From the Official List.) ... v ...
Rank Stock 214 215 2145
3 per Cent.Roduced Annuities 97%M0
3 per Cent. Consols Anna
New 34 per Cant. Anin. .
Long Annuities, Exp. Jan. sth, 1860 7% 7 13-11"
D 0.30 Tears, Expire Oct. 10, 1859 7%
India Stock
Do. Bonds, 10001 73 77 p
South Sea Stock —
Ditto Old Annuities 96% 97%
Ditto New Annuities
Cot:leis for Account 96%%
E.:chequer Bills. I%d. 2d.
Pdarch. Awe.
1,009/.... — 59 56 P
500! — 59 56 P
PRICE OF FOREIGN FUNDS AT ONE O'CLOO5'
Mexican Bonds, 1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto Account . ...... ....
Peruvian Bonds, 4% per Cent 7914
Ditto for the Account
Ditto Deferred
Russian Bonds, 1222,5 per Cent —
Ditto 4% per Cent 96 9614
Dividends on the above payable in London.

COURSE 01
11 16
11 17%
11 17%
25 22X,
25 22%
13 5i

Amsterdam
Ditto, three months..
Rotterdam
Brussels •••••
Ramburgh .... • • M.B
&tons
Paris, 3 days'sight 25 2%
Ditto, 3 months .... 25 22%
Marseilles 25 25
80urdeaux......... •
Frankforton Maine.... 118
Vienna, effec. flo ••• • • • 13 0
Trieste, ditto.... • • .... 13 0
Peter sburgh, Sil. Rblo ..
Madrid • • • ........ 49%
Cadiz • • 50
Barcelona ..

r EXCHANGE.
Gibraltar.• •• •• •• •• •• •• 9
Leghorn •• 30
Genoa ......... 25 re
Naples ............ .•
Palermo, per0z........
Messina
Lisbon... .•
Oporto ..
Rio Janeiro • •
Buenos Ayres .. ••.. ••
New York, 60 days'slght
Philadelphia
faxen or BULLION, 9
Foreign Geld in bars .. X 3 A"
Portagal Gold Coin . 0
Spanish Doubloons .. 0 0 11%
New Dollars .. ••
Silver ia bars .. .• •• u

124*
153$
33%

Second-rate performances are too often made the
foundation for first-rate pretensions,—Eliza Cook' s .rournal•
DINNER AT THE MANSION HOUSE. --The Lad
Mayor, according to the ancient custom of the City, gave °—
Plough Monday an elegant entertainment to the varioul
City officers, including the governors of the City prisons,
several of his private friends.