The Sun.
London, England, 1858-08-30 00:00:00

COMMERCIAL INTELLIGENCE.

Steamer Northern Light, Southampton, gold
bars and for. gold (not reported last week)
Steamer Jura, Liverpool, Cal. mint bars...

- .
,f Am. gold
Bark Restless, Santa Martha, 51. pieced
Brig Billow, Ponce, doubloons
If „ silver
Brig
Abby Thaxter, Ponce, Spanish gold
Steamer Vigo, Liverpool, U. S. mint bars

. . .
I, )3 Eng. sovereigns..
Steamer Vanderbilt, Havre, Amer. g01d....

---
Total for the week ... 5440,728 70
Previously reported

Total 1858
Against this we received from California 51,082,000 in
gold dust. A sum of $7,051,255 has been paid in gold into
the Sub-Treasury on account of the New York share of the
❑ew ten million loan ; so that, altogether, the movement of
the week has been against the Bank reserve to an extent of
something like 56,400,000. It may be supposed that
they new hold £28,700,000, as the Sub-Treasury holds
£12,886,816, though owing to the system of averages adopted
at the Clearing-house, the statement on Monday may show
very different apparent results from this. The bank averages
made up on Monday compare as follows with those whick
were made up last week :

Week ending Loans. Specie. Circulation. Deposits.
Aug. 9 5120,892,859 35,145,844 7,784,515 107,454,715
Aug. 16 123,374,459 31,150,472 7,588,939 105,034,70

Decrease. 3,995,372 195,576 2,419,946
Increase -$2,481,600
The loss of specie shown here will strike every one as sin-
gularly small, in view of the payment of over seven millions
into the Sub-Treasury. But it must be remembered that
these payments were made iu daily parcels, and that the
whole of them only counted one day in the averages. It is
aoubtful whether the banks commence business this week
with ever 28 millions in specie in their vaults. The loan
column shows an increase of two and a half millions. This
arises, of course, from advances made on those new Govern-
ment securities to holders who could not or did not choose
to carry them. As they pay five per cent. interest, and the
banks will lend at four, a small profit can be made by buy-
ing and borrowing on them. Altogether, the statement,
though unexpected in some particulars, presents no features
for particular comment. Next week we shall probably see
a different state of things.
The following are the footings of the Boston Dank state—
ment fur the week prior to the 17th :—Capital stock,
$32,341,100 ; loans and discounts, $55,971,000 ; specie,
$8,796,000; amount due from other banks, $5,675,400;
amount due to other banks,sB,l324oo ; deposits, 20,804,900;
circulation, $6,0:26,800.
COTTON.—The ma,ket on the strength of the Arabia's
news was about lc. better, with sales of about 1,500 bales.
Messrs. F. L. and D. W. Talcott's circular for the Persia,
to sail to-morrow from this port, contains the following
interesting general statements regarding the growing crop,
&c.:—The plant is everywhere represented as very luxu-
riant. Its present promise favours a full crop, less the loss
by overflows, which will not be under 340,000 bales. The
probable extent of the crop, therefore, whether a fair ave-
rage or a moderate yield, is a weather question, which will
be decided within the ensuing 90 days. The 15th of August
to Ist October is a very critical period for the cotton plant.
FnEtonTs.—To Liverpool about 160 bales of cotton were
engaged at ls. Bd.; 500 lib's. rosin at ls. 5d., and 150 tons
fustic at 10s. To London about 400 tons oilcake, 100 ditto
bone black, and 40 hhds. tobacco, all at p. t. There was
nothing new to Glasgow or to the Continent.

CANADA.
A. New York paper says
:
The people of Toronto have been getting up a Crystal
Palace for the exhibition of the products of industry of the
Canadian provinces. The palace is expected to be opened
by the lst of October. A movement has been got up in
connection with it to invite Queen Victoria either to pre-
side in person over the opening of the palace or to send the
Prince of Wales or some other member of the royal family
to do so. A petition to that effect has been signed by all
the leading men of the country, and we understand that an
influential citizen, Mr. John G. Norris, sails in the Persia
to present it to her Majesty.
The following is a copy of the petition :
To THE QUEEN'S MOST EXCELLENT MAJESTY.
The humble petition of the undersigned citizens of To-
ronto and inhabitants of Canada generally, most respectfully
showeth :
That your petitioners desire to approach your Majesty
with an expression of their devoted loyalty awl attachment
to your royal person and family. That your petitioners beg
leave respectfully to inform your Majesty that a Crystal
Palace, similar in design to, but of smaller dimensions, than
those f London and Paris, for the exhibition of the products
of Canadian industry and skill, is in course of erection in
Toronto, and will be completed about the Ist day of October
next. That, as your Majesty has been graciously pleased
to honour the inauguration of similar undertakings in
England and elsewhere with your royal presence, your
Petitioners most humbly pray that your most gracious Ma-
jesty will confer a mark of favour and distinction on your
loyal subjects in Canada, of which they will always entertain
the most grateful remembrance, by conferring your autho-
rity on his Royal Highness the Prince of Wales, or some
other member of your Majesty's royal family, to proceed to
Canada, and to represent your Majesty in opening the
Crystal Palace, in this the most important dependency of
your Majesty's empire. And your petitioners, as in duty
bound, will ever pray, &c.
Signed by A. T. Belleau, Speaker of the Legislative Coun-
cil, and all the members; by Henry Smith, Speaker of the
Legislative Assembly, and all the members; by the Chancel-
lor Blake, and all the judges; by the Protestant and
Catholic Bishops of Toronto; by Sir A. Mac Nab, the Mayor
and Corporation of Toronto, the Mayor and Corporation of
Hamilton, the Mayor of Quebec, and all the leading mien of
the country.

The Canadian Parliament was prorogued on the
16th instant. The Governor made the following
speech :
Honourable Gentlemen,—l congratulate you on having
closed the session, and am happy to find that the subjects
which have been recommended to your consideration have
received attention at your hands. The act of abolishing
imprisonment for debt and preferential assignments, in
Upper Canada, will tend to the assimilating of the laws
of the two sections of the province, and must be of bene-
fit in its operation. Our steam communication with
Europe has continued to work successfully, and I have
little doubt that you have done well in providing for
the regular mail service by steam during the season
to Gaspe and the lower provinces. The appropriation for
a postal line to Red River will open a continuous mail
route, under the control of the Canadian Government, from
that settlement to Nova Scotia. lam glad to find that the
customs tarifilas undergone your revision, and regret that
I cannot speak of the commercial crisis which has passed
over the country as something that has entirely passed away:
I earnestly pray that the complete restoration of our prospe-
rity may not long be delayed. I propose, in the course of
the recess, to communicate with her Majesty's Government,
and with the governments of the sister colonies in another
matter of very great importance. lam desirous of inviting
them to discuss wiih us the principles on which a bond of a
fethral character uniting the provinces of British North
America may, perhaps, hereafter be practicable. I now re-
lease you by proroguing the present Parliament.

DREADFUL ACCIDENT.--A very melancholy occur-
rence, resulting in the instantaneous death of one man and
the serious injury of another, took place at Chalderness, in
the parish of Tingwall, Shetland, on the afternoon of Satur-
day. A quarryman, residing in Lerwick, had left his home
in the morning, to blow up, by means of a charge of powder,
some stones at a place where a new croft is in course of
formation. In the afternoon, the train of one of the blasts
having only burnt half-way, another attempt to get it to go
off was equally unsuccessful, when it was resolved not to
blow it again. The hole had been bored pretty nearly to
the powder, when a spark produced by the iron employed in
boring reached it, and instantly drove the iron right Into
the forehead of the unfortunate quarryman, killing him on
the spot. Another man standing close by was struck by
the stones blown up by the explosion, and was much injured.
The body of the other man. was taken to Lerwick in the
evening in a cart. He has left a widow And a large family.--
Northern ,Ensign.

NEW YORK, Aun. 17.
Exchange on Europe has been dull throughout the day,
and no change in prices can be fairly quoted. At the second
board the business done was very light, and no particular
change in prices was noticed. Reading was the most active
stock. It seems that the management has contrived to
attract so much opposition from leading patrons of the road
that instead of extricating itself from its present desperate
financial condition, the prospect is that it must plunge
deeper and deeper into embarrassment. The following are
Groesbeck and Hoyt's closing prices :—Central, 768- ; Erie,
l 6; Hudson, 271; Michigan Central, 57; Panama, 1131 ;
Reading, 47 ; Galena, 821 ; Toledo, 33 ; Rock Island, 73.
The market closed dull and heavy. Mr. Cisco received from
Washington this morning the first batch (half a million) of
the government stock. As fast as the bonds are made ready
the department will despatch them to the branch office here.
The following was the specie export for the week :

552,100 00
150,706 77
400 00

1,600 00
16,275 00
3,000 00

5,000 00
67,433 16
9,801 00
134,412 77