The Sun.
London, England, 1845-11-21 00:00:00

NOVEMBER 21,

things. This Is practically the common use and enjoy-
ment of Oregon stipulated by the treaty—this, viz., the
entire monopoly of the great fur trade there by one of the
parties, added to the exclusive government by the same
party of the whole of the soil of that vast territory, save
only the farms which some four thousand Americans are
tilling with their own hands. As early as 1828 the Hudson
Bay Company had found their trade.under these circum-
stances quite thriving. The proceeds of their trade for that
year were, in round numbers 900,000 dollars. Their shares
then stood 140 per cent. above par.
,Our readers will remember that when the Bill to extend a
territorial Governmont over Oregon was before Congress last
session, its opponents protested against it, because, as they
alleged,it violated the stipulation of 1818. How comes it, then,
that the other party to that stipulation—admitting itself to
be as Great Britain has, time after time, admitted, and now
admits herself to be, the party out of possession, pending the
negotiations—how comes it, then, that this other disseized
party, at this moment, has extended its laws in full force over
the whole unoccupied territory? The mechanism by which
this trick of political legerdemain has been played off, is '
at once very ingenious and thoroughly English. The British
Cabinet has practised the manceuvre in Asia, till now it has
become wonderfully adroit. It is simply the Great East
Indian juggle tried over again in the West. The
apparatus, machinery, and fixtures, are just alike in
.the
two cases. A great trading corporation, wielding
ons
of capital—with power to pass liws ; to maintain a
civil establishment ; to maintain a military establish-
ment ; to collect revenue ; to hoist a flag of its own
—not the Queen's flag ; to build forts; to keep six or
eight armed vessels on the coast; to possess territory—
all in the way of trade, of course, and to do all this under
the eye of the British Parliament, acting for itself when
Parliament chooses to disavow the responsibility of its
acts ; acting for Parliament just when Parliament
chooses to accept that responsibility—in ono word, a
great Empire Corporation in .fact, with power to
change itself, at the waving of the Minister's wand
(" Presto," as the jugglers have it) into a most de-
mure, simple, harmless partnership of painstaking indi-
viduals trying to turn an honest penny in the way of the
fur trade. This is the mechanism by which the miracle
is easily wrought. In the time of the " merrie monarch"
—easy King Charles—English policy amused itself with
building two of these magnificent playthings—one for the
east, which it called the East India Company ; one for the
west, which it called the Company of Hudson's Bay. how
the oae has worked in the east, the world knows pretty well.
The other, in the west, has not long since been put in fine
order, by uniting itself ~with its rival, the North-West Com-
pany. Does this country—does Congress—wish to know
how it will work in the west, in Oregon, if we only sit quietly
by it as spectators,l and let it alone ? The problem is easily
solved. We have only to turn to the lives of Robert Clive
and of Warren Hastings, and read the pages which tell of
their doings in Madras and Bombay
The following is the latest from Texas :—This new State
is quiet; our troops there have become completely Texan-
ised ; the vote on the annexation question and to adopt the
new constitution, polled on the 13th ult., was almost una-
nimous; the preparations for the election of State officers in
December are active; the American feeling is powerful in
all parts of the State, and the anti-annexationists are in bad
odour Emigration was large, and increasing both from the
United States and Europe; the culture of cotton and sugar
were becoming the wealth of the land. Texas, in a ward,
has already become a large and growing state.

The Great Western signalled the following vessels during
the course of her passage :
Nov. 6.—At 4.50, P.M., exchanged colours with a Bremen
barque, with 145 on white flag, entering New York harbour.
Nov. 7.—At 4.50, r. 31., in lat. 40.30, north long. 69.50
west, exchanged colours with the American ship Susquehanna,
bound to the westward ; all well on board.
Nov. 14.—At 4.30, A.m., in lat. 48.18, north long. 41.20
west, passed and exchanged cheers with the royal mail
steam-ship Acadia, bound to the westward.
Nov. 20.—At 9„1,31., off the Tuskar, exchanged colours
with the British ship Lucy Wright, standing to the S.W.
Nov. 20.—At 10.30, A.M., passed and exchanged colours
with the royal mail steamer Cambria, outward bound.

LATEST COMMERCIAL.—NEW YORK, NOT. G.
The cotton market is dull.
State stocks have a rather downward tendency.
The all-important movement is in the corn market, of
which the following is a summary of occurrences :
Since our last the flour market has been quite inactive, and
transactions limited—holders asking the recent advanced
rates, and buyers not disposed to purchase, except at a re-
duction. Yesterday, sellers not so firm in their demands,
but offered good brands of Genesee at 6 dollars 121 cents.
Some lots taken at that, but buyers demand a further re-
duction, and under our present large receipts are likely to
obtain it. Wheat, according to quality, at 125 dol. 30 c.
The advices of the Great Western caused an advance in
prices in7Boston. The latter accounts by the Caledonia pro-
duced another improvement. The reports of that market on
the sth inst. says :—We notice sales at the close of 1,000
barrels Genesee at 6 dollars 25 cents., and holders quite firm.
Prices of Southern are unsettled. Sales of George-town pre-
vious to the steamer's arrival at 5 dollars 75 cents. to 5 dol-
lars 87 cents, and since at 6 dollars; 1,000 barrels ditto, Hope
Mills, taken for export, 7 dollars.
The news from abroad affected the Albany, in common
with all other markets. To the sth inst. flour had advanced
fully 50 cents per barrel. Sales were made " Chamberlain"
at 5 dollars 871 cents, " Safford" at 6 dollars, and some
mixed brands of Ohio and Michigan at 5 dollars 871 cents.
The range was 5 dollars 814 cents to 6 dollars. Barley was a
little better.
The Buffalo market on the 4th inst. was firm. Holders of
good brands of flour were unwilling to sell under 4 dollars 44
cents., and buyers generally were not disposed to offer over 4
dollars 371 cents. Sales of Michigan at 4 dollars 44 cents.,
and Ohio at 4 dollars 371 cents. In wheat there was no dis-
position to operate at present prices, although both the upper
and lower elevators were nearly filled.
Our intelligence from Ohio is favourable for the next erop
of wheat. If no untoward event prevents, it will be as great
as in any former year.
The increase in the shipments of flour from the interior to
the Atlantic, sea board, has lately been very great. There
were shipped from Rochester from the opening of navigation
to Nov. 1, the following quantities :
Ills. Flour. Bush. Wheat.
1845
1844 324,577 ......... 720,421

1ncrea5e......... 91,661 196,625
The greater part of the increase has been since the
intelli
geece of short crops in England was received. That intelli.
gence gave an impulse to the trade in the interior almost un•
paralleled.

CANADA.
There is no particular news of importance from Canada.
The health of the Governor-General continues comparatively
good, and he regularly attends to his official duties.

&LONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were 2,000
bags, all to the trade, without any change in prices. The
market was ♦ery quiet, and the business consisted of 100
Egyptians, at 614 d., and 60 Pernam, at 61/2d., and the rest
American, at 3:3,4d. to 6d. per lb. Shares bad a gloomy ap-
pearance, and prices were further depressed, with but little

doing.
The Stock Market has been very quiet this morning, and
the non-appearance of any Bank notice yesterday afternoon
does not appear to have benefited it to any extent. Consols
have been 96% to 95%, a fall having just occurred upon
a sale being pressed. For Time, Consols have been marked
96 only. The premium on Exchequer-bills has been firmer
at 275. to 255. Bank Stock has been 205% to 206, not sup-
porting, therefore, the full advance of yesterday. The New
Three-and-a-quarter per Cents. have been 97% to 96%, and
the Three per Cents. 943% to 95.
The Foreign Investments have been unsteady. Spanish
Five per Cents. have touched 29 and 29%, while the Three
per Cents. have been dull at 38. Whether anything will in the
next session of Congress be done for the active bondholders,
as some are sanguine enough to presume, is more than we
should like to predict. Portuguese Four per Cents. have
been 57%; Mexican have realised RO%; Grenada, 21%;
Colombian, 16%; and Brazilian, 83. Dutch Four per Cents.
have been 94 to lA.
For Shares there is but an indifferent sale, though, if Par-
liament meet early next year, it will not be long ere dealings
revive both for speculation and investment.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK..
(From the Official List.)
Bank Stock 205% 206
3 per Cent. Reduced Annuities 943/4 95
S per Cent. Consols Anus 96% 95%
New 3% per Cent. Annuities
Long Annuities Expire sth Jan. 1860 lO% 9-16
Do. 30 Y ears, Expire Oct. 10, 1859 lO 5-16
India Stock 264
South Sea Stock
Ditto Old Annuities 94%
Consols for Account
Exchequer Bills. I%cl. I%d.
1,000/.
500/. ....... 27 25 pm.
Ditto Small
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Ditto for the Account. B3
Columbian Bonds 16%
Granada, 1 per Cent. •
Mexican Bonds, 1837, 5 per Cent 30%
Portuguese Bonds, 5 per Cent
Ditto Converted
Ditto 4 per Cent.
Spanish Bonds, 5 per Cent, 1840 —
Ditto for the Account
Ditto 3 per Cent 3B
Dutch 21/2 per Cents
Ditto 4 per Cent. Certificates .. 94E4
BUSINESS DONE IN RAILWAY SHARES AT ONE
O'CLOCK.

RAILWAYS. PAID. PER SHARE.
Aberdeen ... 5
Arrnagh,Coleraine, Portrush 1% — to
Aylesbury andThame ... .tfi —

Belfast &rCc•untyDown
Bideford and Tavistock .. ... 1A.....
Birmingham and Gloucester 100 ......124
Ditto New Shares
~

Birmingham and Oxford -
Junction
Boston, Stamford, and Birm. 22s

Bridgewater and Micehead... 425......
Bristol and Exeter
Ditto New 2 ..... 8
Bristol and Gloucester 3O
Bristol and Liverpool Junct. 2% — to
Buckinghamshire... 425....... —pto
Caledonian
.4.

Ditto Extension
Cambridge and Lincoln
Ditto,New 1 a...... 234 to

Cambridge and Oxford . _
1 A . _
to
Canterbury and Dover 1%... .. ...••• to
Central Kent 2lh —
Chelmsford and Bury ..
Chester and Holyhead
Cheater and Manchester
Cheltenham and Oxford ...... 2

Clydesdale Junction
Cork, Blackrock, and Passages 225..

Cork and Killarney' 2% — to
Cork and Waterford
Cornwall

Coventry, Nuneaton, sir.,
and Leicester l% 1%34 ... to
Derby, Gaineboro', and Great
Grimsby

Derby, Uftoxeter, and Staff 'd 2
Direct Manch. (Remington's) 23/ — to
Ditto (Rackotrick's) 5 ...... 4 ..... to
Direct NuMegt