The Sun.
London, England, 1849-12-31 00:00:00

nprF M nr n n,lwo

We quote this day as follows:—The inferior, 94 to
94; ordinary to good ordinary, 9 to 104, 91 to fq;
middling to good middling, 101 to 101, 101 to ;
middling fair to fair, 11 to 1111, 10,i to 11; fully fair to
fine, 114 to 111.
Freights—To Liverpool, 3-16; to Havre, 3- seat.
Breacistuffs—The ir=ket has been generally steady,
with fair activity. The navigatiosi of the Erie Canal is
clo,ed, and supplies are nearly all at hand. Some re-
c,!ipts will come to hand eluting the close of the naviga-
tion by the Erie Railroad. Western Canal flour is 4
621 c. to 5 dolls.; southern description, 5 dolls. to
5 dolls. 25c.; Indian corn meal, 3 dolls.; Indian corn,
58c. to 60.. per bushel; wheat, 115 c. for good white;
southern 123 c. to 126 c. for Genesee; Canadian,
105 c., in bond. Corn is in moderate supply, and very
firm. Wheat is not plentiful, excepting Canadian.
Freights are rather dull. To Liverpool,. cotton, 7.32;
flour, is. 6d. per barrel; grain in bulk, 44d. to 44d. per
bushel. To London, 2s. per barrel for flour, and other
articles in proportion. To Havre, cotton, Fr. per lb.
NEW ORLEANS, DEC. 16.—The sales of cotton yester-
day were barely 1,300 bales. Prices were steady. Rio
I coffee moved to the extent of 1.000 prime new, at 12c.
Whisky has improved, with sales at 251 c.

THE FRENCH REPUBLIC.

We have received the Paris journals of Saturday:
Thu Committee on the Bill for the re organization
of the Garde Mobile having proposed certain altera.
tions in it on the subject of promotion, and the
Assembly having at the invitation of General BEDEAU
adopted those alterations on Thursday, General
D'HauTpouL, the Minister of War, at once declared
that he could not accept the measure, and called on
the Assembly, after having passed every one of its
clauses separately, to reject the Bill; and on a division
the Government had a majority of 379, the numbers
being, for the Bill 115, against it 494. The result of
this division demonstrates more clearly the great
strength of the PRESIDENT and his Ministry in the
Assembly than any event that has occurred of late.
None but a Ministry conscious of strength would
have ventured to have called upon an Assembly to at
once rescind its own decision.

On Friday and Saturday the Assembly was occu-
pied in discussing the La Plata question, and the dis-
cussion was adjourned over to Monday. On Satur-
day the Minister for Foreign Affairs explained that
the intention of the Government was to endeavour
to bring the affair to a pacific termination by enter-
ing into negotiations with Rosas. It would require,
he said, an expedition of at least 10,000 men to drive
ORIBE out of the Monte-Videan territories, and,
having driven him out, was France prepared to
occupy Monte Video ? If she were not ORIBE would
return immediately after the departure of the French,
and the present state of affairs would be renewed;
and if they permanently occupied it they would have
another Algeria •on their hands, and he, therefore,
proposed to endeavour to obtain concessions from
Rosas by means of negotiations.
The Courrier Francais says—" We are assured
that Admiral DUI3uURDIEU, appointed to the com-
mand of the French force at La Plata, in place of
Admiral La PREDOUR, has also been named envoy
extraordinary of France to the Argentine Republic.
He is to unite in his own hands the direction of the
military forces and the widest diplomatic powers."
It was rumoured in Paris yesterday, that the Spa-
nish chieftain CABRERA had been arrested on Saturday,
while attending a secret meeting of Legitimatist
conspirators in the Rue de Sausy.
M. TRIERS has been appointed president, and M.
M. BOCUER secretary, of the Committee of Inquiry
into the circumstances connected with the tax on
fermented liquors. The Committee will sit three
times a week.

The iloniteur publishes a decree for calling out
80,000 men of the class of 1849.
The Earl of ABERDEEN has arrived in Paris.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDOi STOCK-EXCHANGE, DEC. 29.
Boulogne and Amiens, 75/B—Central of France (Orleans
and Vierzon), 131,4 Luxembourg, 2% Orleans and
Bourdeaux, 3%—Paris and Rouen, 22,,A.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.

The sales of Cceton at Liverpool on Saturday were
over 10;000 bales, nearly pelf of which were token on
speculation.. The market was firm, and full prices were
paid. The sales comprised 6;000 mer.can, 3,000
Biszl, at 6 3 Si. to 61d; 400 Egyptian, at 611. to 811;
and 2,600 Surat, at 34d. to 441-1. per lb.—Railway Shares
were dull, and prices have further declined.
The demand for English Wheat in Mark lane has
been steady to-day at Is. to 2s. advance.
It is stated upon the subject of the iron trade in Aris'
Birmingham Gazelle of today as follows:
" We are informed that the proceedings of the late
preliminary meeting of this trade, held at Wolverhamp-
ton last Thursday, were characterised by perfect
unanimity of opinion, and resulted in a determination
to abide by the present nominal scale of prices, namely,
rods and bars, 61. per ton ; hoops, 61. 103. ; sheets,
71. 103. per ton.
" Much of the excite's:rat that prevailed about a
month or six weeks since subsided when it was
understood that the leading houses would not en-
courage any attempt to advance prices ; and it
then soon became apparent that the increased
inquiries resulted more from an expectation of what
might take place than from any actual bond fide im-
provement of dem and—A feeling encauraged, if not
created, by the representations of astonishing progress
in the amount of exports. Of the correctness
of these reports there seems no room for doubt,
as they are obtained from official sources ; and
yet we are far from enjoying the corre-
sponding advantage here that might naturally have
been expected. The most active branch of our trade is
still that of reds and smell rounds, for the use of the
chain and nail manufacturers in our oen districts; while
the demand fur more bulky descriptions, of which the
chief of our exports consists, is comparatively languid.
Had it been equally lively, there would have been
very little hesitation in adopting a different
course at the late meeting. In rails but little
is doing, as the low prices of Welsh con-
tinue to attract the chief attention, notwithstanding
their supposed inferiority. We are sorry to acknow-
ledge that, both in rails and merchant iron generally,
much room has lately been afforded for complaints of
quality, as regards the produce of Stafford-
shire. Against this error, however unavoidable
in the present system f competition, repeated
cautions have been given, and, it persisted in, it will
eventually be found the most injurious to the iute-
rests of the districts, if not the entire destruction of its
prosperity, for the only rivalry that can be succ ssfully
maintained against our more fortunate neighbours ecu
sig.:, nut in cheapness of production, but in the supe-
riority of our metal for strength and durability.
" In reviewing the transactions of the past year, we
are sorry that we cannot offer a more congratulatory
report, but have upon the whole to chronicle a retro-
grade movement, iron being now of less value than in
January last. At that time our prospects seemed
brightening, both as to the home consumption
and increasing opportunities for foreign business; 61. 10s.
was the nominal price of Staffordshire bars, and before
the end of tha quarter an advance of 20s. was adopted,
and confirmed at the preliminary meeting in March; but
unfortunately this advance was not well supported, nor
very punctually insisted upon during the April meetings,
and, therefore, was followed by unfavourable effects;
indeed, from that date a depression began to set in."
There are numerous arrivals from the colonies, in-
cluding Australia, the Cape of Good Hope, &c., but the
dates are not later.
Accounts from Antwerp state that the number of
emigrants who have left that port during the present
year is 10,260, in 61 vessels, of which latter 43 were
American, 3 English, and 7 Belgian. There were 55
destined for New York, and 6 for New
Orleans. In 1848 11,075 persons left Antwerp. The
commercial markets at Antwerp were tolerably active
last week, considering that it was so near the close of the
year. A statement of the foreign trade of Belgium
shows that there has during the first eleven months of
this year been a great increase in the imports of raw
cotton. The exports show a decided augmentation in
the quantity of iron manufactures, glass, cotton, and
woollen goods. There had been very high tides at
Antwerp, and an exceedingly heavy fall of snow.
We learn from Hamburgh that the firm of Meinhold
and Co. had suspended payment. This house did a large
business, and enjoyed considerable credit, and it is feared
will involve other parties. An idea of the extensive
operations entered into may be gleaned from the cir-
cumstance of the losses during the present month alone
having amounted to 200,000 mares banco.
The steamer Europa has arrived, but the letters are
not yet delivered, and there was still no Speaker elected
fur the United States Congress.
In the Amsterdam Bourse on the 29th inst. business
was not so animated. Mexican were higher. Dutch
Two-and a-Half per Cents., 55 5.16 to 11. At Vienna
on the 25th inst., the Metallics had risen to 95k, and con-
currently there was a fall in the exchange on Frank-
fort, Hamburgh, &c., which makes the rise the more
decided.
Although the Stock market is exceedingly quiet, it
has improved upon Saturday's rates, and an influential
broker has bought to some extent. Consols have been
96 to ie and are now 961 I; Reduced Three per Cents.
96 to I; and New Three-and-a Quarter per Cents. 978
to 97k. Exchequer-bills have been 594. to 615.; and
India Bonds 88s. premium. Very favourable anticipa-
tions are formed of the forthcoming revenue returns, and
money is so abundant that the Lombard-street firms have
serious intentions of further reducing the allowance tor
money on call, which they wcutd do to a very sensible
extent but for the impression that the Bank of Eog-
laud would still follow in their wake, and actively com-
pete with them. Bills of the first class can be aiscounted
now at 2 and 21 per cent., and as a proof that the glut
of capital is not confined to the metropolis, we find the
Sheffield Bank availing itself of a clause in its deed to
return no less than 10/. a share to its proprietory.
In the Foreign Market there has been a sudden rise
in Peruvian bonds, which have touched 57i and 58.
Mexican, on the other ham], are flatter, having receded
from 291 to 28i and 29. The reason assigned is the
alleged difficulty of getting a sufficiently full Congress
to transact business, and probably the sittings would be
postponed until January. Authority had been given to the
Government to burro w upon the security of the next instal-
ment of the American indemnity money 1,500,000 dollars,
but this cannot affect the foreign creditors, as there are
4.500,000 dollars to be paid next May. Brazilian Small
Bonds have been quoted 88. Portuguese Four per
Cents. have been marked 36i to 1; Spanish Three per
Cents. have been 38g. Russian Bonds have been firm
at 1101.
Railway Shares have been a shade better, but not much
has been doing.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 par Cent. Reduced Annuities
New 314 per Cent. Anas.....s.
Long Annuities, Exp. Jan. sth, 1660 Bth
India Stock
Do. Bonds, 1000/ ... 86 p
Consols for Account
x& chequer Bills. I ,4d. 2d.
March. Jane.
1,069/.
Small 59 61 p

eRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent —
Ditto, Small
Mexican Bonis,lB-16,5 per Cent., C.,supons
Ditto Ex Jan. Coupons
Ditto Account
Peruvian Bonds, 4 per Cent.. —
Ditto for the Account... 57,41/2 58
Ditto Deferred
Portuguese Bonds, 5 per Cent
Ditto 4 per Cant.
Ditto for the Account 36,4 1/2
Russian Bonds, 1822,5 per Cent IIOIA
Spanish Bonds, 3 per Cent. ......
Dividends on the above payable in London.
BUSINESS DONE IN RAILWAY SHIRES AT ONR O'CLOCK
RAILWAY/. PAID. Yza SHARE.
.berdeen -
Ditto, Preference Ei .114% din. to
1/2rninr., Notting., Boston, &c. 6.1/i — .... • to

. . --- - --
1 y rshire and Galloway
da !fast and County Down .. 28 .. .. --
3erks and Hants Extension
(Gt. West. Perpet.s per ct.) 6
..... to
girmingham & Oxford J unct.,
calls duly pd, or with guar. 20 . — -
Do., withouta guarantee... 20 ...
Birmingham,Wol.,& Dudley,
calls duly pd, or with guar. 10 ... .
Do., without a guarantee... 10
Binning., Wol., & Stour Val. 13/.14a —
Birkenhead, Lancashire, and
Cheshire Junction.., 2O
Bristol and Exeter
Do., Thirds ... ..... ... Ili
;3uckinghamshire.. — 17%
..aledonian
Ditto, New 101. Preference 10 ... 7% % ... to
Ditto. Clydesdale Junction 50 .. — -
)hester and Holyhead.— ..... 50
Ditto, Preference -
;larence. -
Do., lot Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
...... to "
direct London & Portsmouth 5% to
Dublin and Belfast Junction.. 40
Dundalk and Enniskillen ... 27% ......
East Anglia, 251. L. & E.,
and L. & D .. 2b
Ditto, 181., E. & H lB ... .. -
Do, 31. 135.,6 p. Ct. Pref. 314 —
Do, 71. 175., 7 per Ct. Prof. 2
Eastern Counties
Do. New Guarant. 6 per Ct. 10
Do. Exten.,s perct.No. 1,6/.135. 4d .. p to
Do., do N 0.2,6/. 13s. 4d... .. .. to
Do., Northern & Eastern... 50

Do., 5 per mt.
Ditto, New .... . 43 . .... ...... to
Eastern Union, Claes A (late
E. U. Shares) ... .. 25 - •...•• to
Ditto, ditto, Class A, ditto 6 ,
Ditto, do, Class 13 & C 25 — to
Ditto Scrip (gua. 6 per ct.) 20
tCast Lancashire ...
Ditto, New .. ........... .... . 25
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Shares 614 — to
East Lincolnshire
Edinburgh and Glasgow 5O
Ditto, Half Shares
Edinburgh and Northern ... 25 ......

Ditto, New port l5
Exeter, Yeovil, & Dorchester 2% —
Exeter and Exmouth... -
Glasg., Dumfries, & Carlisle-81. 6s.Bd — ..... to --
Glasgow, Kilmarnock, & Ayr 50
Do. Preference Consolidated to --
Gloucester and Dean Forest.. 11
Great Northern 2O
...... to
Do. % A Deferred ..... 12

Do.. B 6 per Cent.
Do., 5 per Cent. Pref. ...... 10 7% ... to
Gt. South. & West. (Ireland) 50