The Sun.
London, England, 1825-01-01 00:00:00

111 E LONDON JOURNALS.

DAILY

Extracts from the Morning Papers, Jan. 1, 1825,

INEw -rim Es.;
The state of the weather having prevented the
arrival yesterday of the usual expresses from
Pari-, the British Funds remained stationary at
95-Ti Consols for the Account. Our private ad-
-vices give us reason to believe that M. de Vil-
tele intends, at an early period of the Sessions,
to bring forward a project for converting the
present French 5 per Cents. into a stock bear-
;rig an interest of 3 per Cent. By such a mea-
sure, it is Calcelated, a saving in the annual ex-
penditure will be made of two millions sterling,
which sum is to be appropriated to the gradual.
discharge of the claims of the Emigrants. In
order to bring this new Stock into more
general use, and to place it as nearly as
possible upon a similar basis with British
Consuls, a clause will probably be intro-
duced into the Law, enacting, that all monies,
directed by will, marriage settlement, &c.
to be invested in the name of Trustees in the
French Government, shall be so invested in this
New Three per Cent. Stock. This slight sketch
of the intention of the Minister of Finance seems
in accordance with that part of the King of
France's Speech which alludes to the subject.
-For some days past rumours have been very pre-
-valeta that our Government has resolved on a
speedy recognition of one or more of the South
American States. Although this expectation rests
at present on very shadowy grounds, the effect these
reports have produced upon the prices of the South
American Securities has been very considerable.
Yesterday still greater interest was excited by
the rapid advance in the prices of all the Bonds
of the several States.. Mexican and Colombian
-were severally two per cent. higher in the course
of the day ; and Chilian Bonds, 21 to 3 per cent.
higher. Buenos Ayrian Bonds, 91i ; and Bra-
zilian Scrip, from 51 to 6 Premium.—The Shares
in the different Mining Associations were also in
demand, at a considerable advance in price.

[MORNING HERALD.]
A ridiculous report on 'Change yesterday, that
it was the intention of Government to dispatch
'20,000 troops for the protection of Ireland,
caused a trifling decline in Consols; they fell
from IA to 951-; but closed at the
South American Securities, yesterday, again very
materially improved ; indeed, the speculators ap-
peared to be quite infatuated with them. Time,
however, will show the prudence or imprudence
of their speculations. The advance in Mexican
Bonds had been near three per cent. yesterday.
—ln Chilian Bonds there has been a similar ad-
vance, and both the Old and New Bonds of Co-
lombia were considerably higher than on Thurs-
day. The Aline Shares of Colombia, Buenos
_Ayres, and Brazil, have also increased greatly in
value. Indeed, the rage for speculating in these
shares is now so great, that the British Funds, as
well as those of the Continental nations of Eu-
rope, are totally unattended to by the specu-
-14 tors.

[MORNING CHRONICLE.]
No intelligence of the slightest political im-
Fortance has been received from any part of Eu-
rope. The Packet Ship, the Cyrus, has arrived
at Liverpool from New York, from whence she
sailed.on the ith current. The Message of the
President of the United States to the Repre-
sentatives of the American People, has not
been received by this conveyance, nor has any
intelligence of importance been communicated
from any of the new American Republics. On
the English Stock Exchange, the business trans-
acted never was more uninteresting. The Con-
sols opened yesterday at 9541, and the same
figures denoted their closing value. The atten-
tion of capitalists has for a time been directed
into an—other channel, and until the securities of
the new American Republics be placed on their
proper level, there does not exist .a probability
of the public credit of any European nation,
Greece excepted, improving in value, although it
is impossible to doubt that by the benefits of peace
all of,them must eventually command higher prices
than can at present be obtained. On the Foreign
Stock Exchange there has again been a consider-
able improvement in the value of all description of
American Securities. Brazilians Bonds advanced
to 78, and the Scrip of this loan to a premium of
6 per cent. Buenos Ayres Bonds were sold at
911 for the Account. Chilian Bonds, which ten
days ago could have been purchased at 771, yes-
terday sold at 86. Colombian Bonds, of 1824,
reached 92.4 after the closing of the Foreign
Stock Exchange. Mexican Bonds opened at
74k, and during the regular hours of business ad.
vanced to 761. Peruvian Bonds have reached 81,
and little doubt is entertained that all these Se-
curities must yet be considerably higher. The
Shares of the United Mexican Association were
UM each dearer than they were on Thursday,
and so also are those of the Colombian Company.
The Shares of th►e Brazilian Company command
a• premium of 9 per cent., and they are expected
to be dearer. Real del Monte have been sold
at eight hundred guineas each. Those of the
Rio de la Plata Association are in demand at a
premium of 16 per cent. This improvement is
entirely the effect of public opinion, for it has
not been created by the circulation of any ru-
mour regarding the relations at present existing
betwixt his Britannic Majesty and those new Re-
publics.