The Sun.
London, England, 1851-01-02 00:00:00

10!i 9% dis.xd

'i%::: i'x

:K BANKS.
28 -31 k
42 -43
9% - 10
25 -25 k
18%-19%
27% -28%

17% - 18
42 - 43%
15% - 15%
3478 - 35

12% -0%

INON. .....

Paid. Nominal Prices. Business don _
to-day.
— ----
Anglo-Mexican(is. 5/. p.) 100 .. —• •
Asturian .... • ..... •. • • 15 .. —..
Australian .... •••• • • .. 4 3q - 3
Barossa Range ....... 113 0 3% —3%
Blaenarvon Iron and Coal 10 • • —..
Bolanos Scrip ........ • • • • —•-
British Iron.. • ......... 13 5 .. ..
Brazilian Imp. (is. 5/. p.) 24% .. —..
Do. Cocaes and Culaba 30 3% 34
Da. St. John del Rey.. 15 14% —14 IA
Cobre. Copper .• .... . • • 40 32% 35
Copiapo ..... • • .... • • • 14 53! —5% 5%
General 2O 13% 13%
Real Del Monte, Uhreg. %
Do. Black Debentures . .. —..
Do. Red Debentures
Santiago de Cuba
Tin Croft .. • • • • • • .... • • I 7 10% 11
United Mexican • •
MISCELLANEOUS.
Canada .... ••••• • • • • • 32% 42% —44
Gen. Steam Navigation .1
14 26% 27
Penin. & Oriental Steam. 50 89'% t:8
Royal Mail Steam .. • •
78%
[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.
Ye Ftcrday was a close holiday in the Livi rpoul Cotton
Market and Stock Exchange.
The periodical trade reports, brimful of stevittics and
practical remarks, pour in upon us in force and volume
that would of themselves impress upon us, were we
otherwise unmindful of the fact, tha, the year 1850 had
given place to a successor. Upon tex!ile mauufsetures,
raw staples, shipping and public securities, we have
every information and we cull the requisite portions:—
ssrs. Tonge, Curry, and Co.; of Liverpool, write as
follows:—" It gives us plessure to be able to state that
the amount of tonnage sold exceeds that of 1849; being
81,028,t0ns against 78,212, for 1849, showing an increase
of 3.6 per cent. At the same time there is a falling off in
the number of ships sold, being 211 against 221 in 1849,
equal to 4,52 per cent. This does not include foreign ships,
of which but three have found purchasers during the
year, although the arrivals from the continent show an
increase of nearly double, which in 1849 were about
360, and in 1850 nearly 700. Very few have been placed
on the market, and such as were at all worth notice,
with a limit of price that must remove all anxiety
from our colonial friends on the ground of competition.
Among them were 'some French :craft, wholly unfit for
' English employ. The number of second hand British
vessels sold has been unusually large, .a great propor-
tion of which have been taken for California, and which
new source of enterprise has proved a most opportune
outlet for vessels that have spent the best of their days
in more regularly established trades.
"New British ships have fully maintained our last
quotations; indeed we have felt the want of a larger
supply of good vessels of 500 to 650 tons register, which
would have met a ready sale at fair prices, if at band.
We have also had much inquiry for good vessels of this
size, having from four to six years to remain A. 1, but
have not found owners of such disposed to sell. If some
of the v, awls of this class, s) long kept on the stock far
sale at the outports, were finished and sent round hero
under Baltic outfit, a quick return might be calculated
upon.
" The number of ships launched and in course of
completion in our port this year is 20, tonnage computed
7,409. against 8, computed at 2,800, in 1819, which,
however, are built to order. As regards steamers, there
is an increased inquiry for both paddle and screw boats,
the former for the cattle.oarrying trade, and, we pre-
sume, in anticipation of the expected increased consump•
Lion during the ensuing summer."
Messrs. Wright, Young and Wright, of Hull, state:—

" We have much pleasure in again laying before
you our annual review of some of the principal features
of interest to you in the commerce of Hull. The past
year has not been remarkable for any peculiar activity
in our trade; indeed it will be seen by reference to . the
annexed tables, the imports of most articles of produce
exhibit some deficiency compared with the previous
year.
"The tonnage of vessels liable to dock dues, which
entered this port in 1850, amounts to 812,554, showing
an excess upon that of the previous year of 27,966 tons;
but this apparent discrepancy with the imports is ex-
plained by the steamers having been only partially loaded
daring the summer months.
" On a former occasion we were led to anticipate a
gradual improvement in our trade, commensurate in
some degree with the increased facilities recently af-
forded; as regards the past year, however, it must be
confessed the anticipation has not been realized, the
amount of import business transacted showing, as above
remarked, a diminution when compared with that of
1840; still the causes are not of a permanent or irre-
mediable character, and we yet venture to predict that,
if the true policy be pursued—that of meeting opposing
interests by timely and liberal concessions to the trading
and shipping interests, in the prompt removal of all un-
necessary obstructions, whether in the shape of over-
charges or otherwise, this port will not only stand its
ground, but continue to increase in a ratio perhaps little
short of that of the preceding ten years.
" A considerable agitation, with a view to a reduction
of the port charges, has not been attended with any im-
mediate result; but it is to be hoped that the wishes of
merchants and shipowners, naturally desirous of preserv-
ing end increasing their trade, as well as of benefiting
the port at large, will be ultimately gratified; in that
case affording, in addition to the ample dock accommo-
dation already provided, rates and charges of a reason-
able character. The alterations already made by the
Dock Company in rates of wharfage and granary
charges, have been considerable, and attended with pro-
portionate advantage. The aggregate amount of imports
furnish( s us with curs ect data whereby we may note the
past as well as review our present position; anti we freely
hazard the opinion that the contemplated reductions are
called fur to enable us to compete successfully with rival
ports, possessing as they do the advantages of a low
scale of charges to the fullest extent.
" The substitution of steam-vessels for sailing ships,
which has been called into existence by the demands of
the day for dispatch and facilities for business, is gradu-
ally altering the character of our shipping. The decline
of the ship-building trade is perhaps in some measure a
natural consequence of this change; yet, as the ports in
the North are by degrees extending this business, it
would rather seem that Hull does not aspire to eminence
in a department for which it is in many respects so well
qualified. The almost total failure of the Northern
Whale and Seal fishery last season was very discouraging
to those embarked therein; and, following the ill experi-
ence of several previous years, will no doubt serve to re-
strict still more its pursuit for the future.
" The seed crushing trade, an important branch here,
was carried on to its usual extent, but, owing to causes
explained in some of our accompanying remarks, without
adequate remuneration.
" The import business in Corn in the early months was
generally profitable; but subsequently, owing to con-
tinued dull markets with low prices, was too of ten other-
wise; upon the whole complaints are not numerous, end
sanguine expectations are formed that a more satisfac-
, tory state of things will follow with the new year.
" From the commencement of the military movements
in Germany a sensible deficiency in our exports to the
continent was observable; the effect was not so striking
in reference to the imports, but even here they no doubt
operated prejudicially. Now, however, that all fears of
a war have subsided, a revival may be looked for, and to
this port the preservation of peace cannot fail to be bt-
neficial in an eminent degree."
From Glasgow Mr. 11. Ferguson advises us—
"lt may not be out of place to remark that, notwith-
standing the increased stock of pig-iron, the withdrawal
from circulation of a large quantity of scrip has
alrea:4 very much reduced the available iron in the
market; and, should the scrip system be permanently
discontinued, there seems no reason to doubt that, when
speculators have satisfied themselves with their dealings
in pig-iron, the practice which obtained previous to
storing and scrip having been adopted, will again be re-
sumed, and that business in this article will be transacted
on the same principle as in other departments of com-
merce.
"By latest advices from America, no measures had
been taken to alter her tariff, and should no change
take place in this respect, a good demand may be ex-
pected from that quarter; and the contrary should her
legislature impose a high specific duty on imported
foreign iron. Our home demand is good as a whole,
and the general requirements of the country next year
will in all probability equal, if not exceed, those of 1850;
did the Continent of Europe present the same phases,
the hopes and prospects of the iron trade would be more
encouraging than at any time during the last two years,
and all interests concerned must concur in the desire
that its revival may not be far distant.
"The market has been well supported these two
weeks, both pig and manufactured iron being in better
request, the former I quote 445. 6d. net cash, f.0.b.;
bars, 51. 7s. 63. to 51. 12s. 6d; and plates, 71. 10s. to
Si. 55., less 4 per cent. discount for cash."
Messrs. Joseph Robinson and Co., of Liverpool, state
upon the subject of oil:
" The market is dull and the sales limited, speculators
are holding with firmness, but recent imports are offered
at current rates; a few purchases can be bad at 10s. per
tun lower, if taken from the quay.
" Although the past year's records are without great
variation, yet a brief review may not be found uninter-
esting, inasmuch as the outline will show that the trade
is in a healthy and flourishing position, that importers
and consumers have little to fear for some time hence
from a depressing change, and unless an unforeseen
event occur in the political condition of the world, the
circumvolution of machinery and increasing commercial
enterprise, will continue unabated for the general bene-
fit. It is with a degree of satisfaction we notice that tho
bright anticipations predicted in our last annual circular
have been fully realized, as to a bountiful tied uncewiug
demand, proving that this country has materially be-
nefitted by the late continental agitations; all must ad-
mit that the internal state of other empires, shaken to
their centres with commotion, operated disastrously on
their commercial arrangements, causing their millions to
seek in peaswel England those fabrics, which could not
be rendered amidst tumult and confusion. The open-
ing part of the year, 1850, was marked with favourable
indications, tranquillity reigned supreme, the money
market was perfectly easy, with every facility shown in
discounts, end confidence was strongly manifest in the
expectation of a good spring trade, the realization of
which, and the abundance of fore in orders, gavo a fur-
ther impetus to consumption and increased the value of
the btvle article; as month followed month the demand
became more extensive, stocks became reduced in all the
the markets, and as a natural consequence prices con-
tinued to advance; the rise was gradual until November,
when the warlike aspect of affairs between Austria and
Prussia checked the demand for a short time; however
the amicable settlement of the pending question be-
tween those two great powers soon bad its effect, and
caused higher rotes and as active business to the close,

In Yorkshire, that great arena of manufactureeas also
in other districts, general activity prevailed, but amidst
this an iutcry continued from period to period, that
Wool was above its relative value, that manufacturers
could obtain no remuneration, that they must either
close their mills or work short time; yet around this
scene of what might be supposed blank despair, new
mills were erected, Several extended, and others still in
progress of large dimensions, so that the curious have
not to tae present time been enabled to reconcile the
appearances with the complaints; it certainly is an in-
tricate problem to solve. Remarks have been prevalent
that importers are the parties who are the chief partici-
pators in the advantages obtained, it cannot be denied
that they have nut been remunerated, but by no means
to the extent presumed; they have regularly met the
market on arrival, and not held for advancing prices.
When it is considered that the means of transit are so
fro quest and expeditious, and the markets abroad sus-
fain an immediate proportionate advance, the importers
may Le said to have a mere temporary opportunity of
pining to any great extent. A glance at the consume'
Lion is necessary, because it is almost universally known
that there never was so much of the raw material worked
up in any previous twelve months, stocks were cleared
and purchases made to arrive for large parcels, the ear
periums of the kingdom got reduced to a nonentity for
a supply, importations and home growth productions
seem to be inadequate to meet the increasing require-
tuents of the triizen, therefore we deem it urgent to re'
commend farmers and egriculturists to pay at me atten-
tion to this essential article of cousumption. General
observation has shown to us it at our home trade for
manufactures has been good and much increased, but 00
referring to the exports we find that more, by nearly
one-halt, was taken from our shores for foreign recount
last year, than the previous year, which was one-third
ut an increase on 1848; with such an augmentation of
demand from abroad, the most sceptical must be con-
vinced that the rise in value is not of a supetficial nature,
but founded on the actual scarcity of the raw material.
The imports to this market fur the year number 79,959
bales, against 81,251 bales in 1549, showing a falling
off of 1,292 bales. Stocks on hand are exceedingly lovsi
with such a deficiency in the market, considerable ior
ports are wanted to meet the still increasing consume'
Lion; present quotations will be no doubt fully supported,
and enhanced ere long, and unless timely arrivals inter"
fere, the value will become beyond all latitude. The
Amerisan President's last Message, and the undisturbed
quietude of the European powers, induce the belief tbst
pacific feelings will be maintained, and that the onward
course of trade 'rill continue uninterrupted.
The Manchester Piece,Goods Market is thus describe"
by Mr. G. F. Mandley:—
" At the close of the year I have the pleasure of re'
porting the very favourable position of this market;
which so fur, perhaps, as respects the employers and
their operatives engaged in the great staple productions
of this district, is more satisfactory than at any former Pe'
riod since the revulsion commenced in the latter end of
1845. Doubtless the year just closed would have beets
a period of prosperity but for the comparative swell
and high price of the raw material. The action of the
Factory Law has been very beneficial under the ciretlo3;
stances. It has tended to distribute employment, Be"
has kept in check violent and sudden advances in the
price of Cotton. The rise in the value of Yarns and
goods has been graduated, and during the year theta
has been rarely any undue pressure of stock or forced
sales. Standing now on the verge of the new year,'"
find stocks of almost all descriptions of fabrics bare'
demand generally active, and prices, notwithstanding the
high rates of Cotton, such as will afford an encouraging
f
margin to the pretlucers of almost all kinds of our chief
staples, and more especially of yarns. For a compariso°
of prices we must revert to the prosperous year of 1845'
when the low prices of food arising from abundant her;
vests let free a large amount of capital, at low rates ()!
interest, fur reproductive employment. At 00
period the prices of our chief products very cloself
approximated to those now current, and our fee'
tortes, print and dyeworks, bleach crofts, 86°'
were vigourously employed during long hour,'
and with the advantage of much lower Pelee.
fur Cotton, Dyestuffs, &c., than rule at present. I IPd.
pend a comparative table, showing prices at the pent°
in 1845, just antecedent to the revulsion produced at
the failure of the harvest of that year ; the eurreo
rates at the lowest period of 1848, consequent on the
failure of the root and cereal crops, the rebellion, bo
out of famine, and the commercial bankruptcies ; 4ei
gether with the prices ruling at the close of last year O,
the present. From the foregoing it will be observed'
that the margin between the cost of the raw mater''"
and the market %slue of the manufactured article, left!.
greater return for profit to the producer in 1845, than la
now afforded by the like estimate. Still it is believed
that spinners and manufacturers have good reason to be
content, as the economy of production has been 11311. e
improved in the interval, sad at present rates, their 10*
dustry and enterprise have an encouraging reward. Coe
sideriog that the stocks of Yarn and goods are bicreil
bare than for many years past, that the supply of Cott?,
from all quarters is scarcely likely to be equal to //3.,,
wants of the coming year, and that the general conditi°i'i
and prospects of trade are eminently encouraging, 11
appears to be very probable, that a large business ell
be done in this market during the coming year, at Price.
even still higher than those now ruling here."
The accounts received this morning by the steatOef
Arctic from New York, represent the rate of excbsogee
on London as being high, viz., 1104, and 2,000,00"
, dollars had been received from Califarnia. Further se'
counts were coming forward.
The mails Irons the continent are behind time, ova
to the boisterous weather last night.
The English Funds have barn very firm, and there
have been fair dealings. Conso's for Account realise 96i
The New Threeeand-a-Quarter per Cents. arc 96a I, evas
the Three per Cents. 971 to 1. Bank Stock is firro
2131, and India Stock at 2671. Exchequer-bills 130
been 675., and India Bonds 765. premium.
Foreign Securities have been quiet again. Spal3ifieb
Tilt co per Cents. are 38i to ex dividend. Venezal
Bonds are 311. Mexican Stock is worth 35/ a, fe.
Grenada Deferred Bonds are 3a. Dutch Two-and'"'
Half per Cents. have been 57i to 58.
Railway Shares have rather improved in value, he
there is not much doing.
this
The last week's railway receipts ascertained up to
day are in round figures as tinder:—
1 1849.
850.
Great-Western £14,844 ... .£12e957
,93
North-Western 41,553 37,'gi
South-Western 95,87 ... B's-
Brighten
0
Midland
9,1
23,-
58
South-Eastern
North Stafford - 4,628 ~
Caledonian 6,469 ... 5,995
QUARTER TO VIRE*"
-

Consols
Ditto Account ... 961
BRITISH FUNDS THIS DAY AT ONE O'CLOO

(From the Official List.)

Rank Stock 213% .
I per Cent. Reduced Annuities— 97.4 1,4
New 31A per Cent. Anal. 98305%
India Stock 267%
India Bonds under 1,0001. .... ....... 76 p
:. onsets for Account ... 96%1,0.4
E Echequer BillP. 14d rid.
March Jun&

•
gma
t,06
0/. . — 60 p
ll 67 GU
PRICE OF FOREIGN FUNDS AT ONE O'CLOCI"
Grenada, 1' per Cent.

Ditto Deferred
MI xican Bemis, 1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto Account . 35N1,/ d.
Spanish Bonds, 3 per Cent,1840
Venezuela Bonds 3114
Do. Deferred
Dividends on the above payable is London.
~ d,Dutch 214 per Cent.. 12 Guild
Ditto 4 nor Cent. Cagicates

LLOYD'S SHIPPIN G.—( THIS DAI(A
LONDON, JAN. 2.—lt blew a tremendous gale all Aa's
night, accompanied with terrific squalls. Wind at V°(l
S., fresh gale, and cloudy.—The George and Riculir
brig, of London, was lost on a tongue of mud ne"gt
Monte Video; crew saved.
HOLYHEAD, JAN. I.—The Shannon schooner, he
Gillies to Liverpool, has been totally wrecked on t",
rocks at Rhoselyn (?) during a thick fog last night; ,°/)
boy drowned.
do'
KINGSTOWN, DEC. 31.—Arrd. Fairy Queen, Cala be
ST. ANDREW'S, NEW BRUNSWICK, DEe.
El Dorado, of this port, bound to Liverpool, got agrottd
6th inst., came off on the flood, and filled; is dischargl"
her:between-deck cargo.
DEAL, JAN. I.—Wind strong and squally at S. v".f.
And. Ipswich, Buenos Ayres. Arrd. from the IVY"'
Lady Hilda, Barbadoes.
sai
FALMOUTH, JAN. I.—Wind W.S.W. fresh gales
squally.—Arrd. Elizabeth, Rawlinson, Jaffa for
ford.
QUEENSTOWN, DEC. 31.—Wind S.S.W.,
strong.—Arrd. Duc de Brabant, Welde, Callao; Thell
Gregory, ditto; Lebra, Moir, ditto. A vessel with W
mast gone, timber laden, waterlogged, and abandoned'
was seen 25th December.
PORTSMOUTH, JAN. I.—Wind W.S.W. to '
blowing hard.— Off port, John Knox, Sydney, N. 5.11 w.
06
LITERPOOL,JAN.I.—Wind S. to W.S.W.—Arrd.
tor, Harper, Callao. Jemima, Johns, Calcutta, 1ef6.,:
New b,
Helena 20th November ; Schoodiac, Nichols Saysn'
experienced fine weather; Arctic steamer, i;•
.
MARGATE, JAN. I.—The Speedy schooner of
GO
sey is on the Hook of Margate Sand.

MARKET NEWS.—(THIS DAY•)
NEW-GATE AND LEADENUAX.D. nest
With the exception of Mutton hying in steady rigte
at full prices, the general demand ruled very inse,ti-:
Beef, from 2s 4d to 3s 4d ; Mutton, 2s 8d to 3s iv`ii;
Veal, 38 Od to 4s Od; Pork', 2s 6d to 4s per 81b5, by t
carcase.

BAY 7101.41E1M15T9.
SMITHFIELD.—kIeadow Hay, 21 10s to 41 0s; Clover,
...
31 Os to 4/ 2s ; and Straw, 11 ls to 11 as per "
Trade steady, at full prices.
CUMBERLAND. Meadow Hay, 21 103 to 41. 0111
Clover, 31 Os to 410 s; and Straw, 1/ 2$ to 1/ 93 per 106
A full average supply, and a steady demand.
W HITECJIAPEL. Meadow Hay, 21 8s to al 18"
Clover, 3103 to 410 s; and Straw, 1/ le to 118 s per 103 d.
Supply moderately good, and trade dull.

MEAT MARKETS.
k
HAILSHADI, JAN. I.—A very limited supply of Beef,
was ou offer to day, and which sold as follows:n;
from 3s to 4s ; Mutton, 3s 6d to 4s 6d; Pork, 33 L°
6d per 81bs.
ARUNDEL, DEC. 31.—Prime Beasts and Sheep Bold at
full prices ; otherwise, the demand ruled heavy. 13".
from 3s to 4s; Mutton, 3s 4d to 4s 6d; Pork, 312 d Moll
64 per 81bs.
CHICHESTER, JAN. I.—We had a slow trade to 410
yet late rates were well supported. Beef, from So to 40i

Mutton, 3s 2d to 44s 4d; Veal, 3s to 3s 6.1; Pork, 3s 4 1
to 3s 6d per 81bs; Quarter-old Store Pigs, 16s to 18i each.
SouTthtm., JAN-. I.—Sheep were in good request at
an advance in the quotations of 2d per Sibs. In all
other kinds of stock very little business was transacted.
Beef from 2s Set to 3s 83; Mutton, 35 63 to 4s 43;
Veal, 3s 6d to 4 s; Purk, 3s 43 to 31 8d per Sibs, to sick
the offals.
RONFORD, JAN. I.—Although our market today has
been far from active prices have ruled steady. Beef,
from 2s 6d to 3s 8d; Mutton, 3s 6d to 4s 6d; Veal, 3s
4d to 4s 0.;); Pork, 33 23 to 38 61 per Sibs. Suckling
Calves, 18s t) 225; quarter-old store Pigs, 16s to 20s
each.

CORN AVERAGES.
GENERAL AVERAGE PRICES OF BRITISH CORN
For the Week ended Dec. 26,1850, made up from the Returns of th
Inspec4,ors in the different Citiesand Towns in Emgland and Wale
per Im portal Quarter.
I WHEAT. I BARLEY.' OATS. BYE. I BEANS. I PEAS.
PRICE .. I 281 10d I 23s 5d I 16s 6d 122 s 8d I 27s 5d 1283 hi