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

DECEMMER 31, 1819

We quote this day PS foilows:—Tho inferior, 92 to
9i; ordinary to good ordinary, 91 to 10:1, 9 to 10,1;
Inaldling to good middling, 101 to 101, 10i to 10 ;
middling fair to fair, 11 to 101 to 11; fully fair to
fine, 111 to 111.
Freight3—To Liverpool, 3-16; to Havre, cnt.
Breadstuff —The market has been generally steady,
with fair aetivi'y. The navigatiox of the Erie Canal is
closed, and supplies are nearly all at band. Some re•
ceipts will come to hand eluting the close of the naviga-
tion by the Erie Railroad. Western Canal flour is 4
dolls. 62ie. to 5 dolls.; southern description, 5 dolls, to
5 dolls. 25c.; Indian corn meal, 3 dolls.; Indian corn,
58e. to 60:.. per bushel; wheat, 115 e. for good white;
southern 123 e. 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, 41d. to 43d. per
bushel. To London, 2s. per barrel for flour, and other
articles in proportion. To Havre, cotton, ie. per lb.
NEW ORLEANS, DEC. 16.—The sales of cotton yester-
day were barely 1,300 bales. Prices were steady. Rio
coffee moved to the extent of 1,090 prime new, at 12c.
Whisky has improved, with sales at 251 e.

THE FRENCH REPUBLIC.

We have received the Paris journals of Saturday.
The Committee on the Bill for the re organization
of the Garde Mobile having proposed certain alters
tions in it on the subject of promotion, and the
Assembly having at the invitation of General BEDEAU
adopted those alterations on Thursday, General
n'limrrouL, 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 Rows. It would require,
he :aid, 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 Courtier Francais says---" 'We are assured
that Admiral DUBOURDIEU, appointed to the com-
mand of the French force at La Plata, in place of
Admiral LE PREDOUR, has also been named envoy
extraordinary of France to the Argentine Republic.
lie 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 Legitimatiat
conspirators in the Rue de Sausy.
M. TRIERS has been appoin►ed president, and M.
M. BOCUER secretary, of the Committee of Inquiry
into the circumstances connected with the tax on
fermented liquors. The Committee w ill 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
LOZ,JDOIN STOCK-EXCHANGE, DEC. 29.
Boulogne and Amiens, 7%—Central of France (Orleans
and Vierzon), 131 A— Luxembourg, 25 Orleans and
Bourdeaux, 3N—Paris and Rouen, 22k.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool on Saturday were
over 10,000 bales, nearly hull of which were taken on
speculation. The market was firm, end full prices were
;•:.id. The sales comprised 6,000 American, 3,000
arszl, at 6 3 81 to 6d; 400 Egyptian, at 64d. to 80.;
and 2,600 Surat, at 41. to 413. 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 Aria'
Birmingham Gazette of to•day as follows:
We are informed that the proceedings of the late
preliminary meeting of this trade, held at Wolverhamp-
ton last Thursday, wore 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. 10a. ; sheets,
71. 10s. per ton.
" Much of the excitement 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 lonia fide im-
provement of demand—a feeling encouraged, 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 rcds and small rounds, for the use of the
chain and nail manufacturers in our own districts; while
the demand for 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, if persisted in, it will
eventually be found the most injurious to the inte-
rests of the districts, if not the entire destruction of its
prosperity, for the only rivalry that can be successfully
maintained against our more fortunate neighbours ecu
slats, not 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 the quarter an advance of 20s. was adopted,
and confirmed at the preliminary meeting in March; but
unfortunately this advance was not Kell 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 Bear 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
for 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 At Vienna
on the 25th inst., the Metallics had risen to 95i, 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 I, and are now 961 ; Reduced Three per Cents.
96 to i; rind New Three-and-a Qaarter per Cents. 97i
to 971. Exchequer•bills have been 595. to 615.; and
ledia 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 for
money on call, which they wculd do to a very sensible
extent but for the impression that the Bank of Eng-
land would still fellow in their wake, and actively com-
pete with them. Bills of the first class can ba discounted
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
retut n 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 575 and 58.
Mexican, on the other hand, are flatter, having receded
from 294 to 281 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 borrow upon the security of the next instal-
meat 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 361 to 1; Spanish Three per
Cents. have been 384. Russian Bonds have been firm
at 1104.
Railway Shares have been a shade better, but not much
has been doing.

ONE ,i1..,:-)ING
pule • q 4 RlTliiii iUNDS EO'CLOCK. PRICES.
3 per Cent. Reduced Arm... 96 96,4 96
New 3% per Cent,. Anna.......... 97%% 97%
Gong Anne. to expire Jan.lB6o B% 8 9-16
India Bonds,l,o001.
Consols for Account 96 9614 96%
Exchequer Bills. I'4d. & 2d
1,0001. June
Small. June 59 61 p 61 p
PRICES OF FOREIGN FUNDS. ONE (MORIN 9
O'CLOCK. PRICES.

Irazilian Bonds
Ditto, Small
513xican, 5 per Cent. 1846, with Coupons
Ditto, Ex Jan. Coupons
Ditto, Account
Peruvian Bonds, 4 per Cent
Ditto. Account
Ditto Deferred
Portuguese 5 per Cents.
Ditto, 4 per Cent.
Ditto, Account . 361 % 36%
Russian Bonds
Spanish 5 per Cent. 1840
Ditto, Account
Ditto. Passive. 4
Ditto, 3 per Cent
Venezuela Bonds, 21,,i per Cent ...
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild.
Ditto. 4 Der Cent. Certificates 843/4
PRICES OF ,BUSINESS DONE CLOSING
AILWAY SHARES. PA"'" AT ONE O'CLOCK. PRICES
Aberdeen 5O
Do. Preference
Amber. Nott., Boston,
and Eastern Junction 634
A yrehira and Galloway.. 7% —
Belfast & County Down 28
Berks & Hants Esters.
(Gt. West. Per. 5 per cZ.) 6
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20
Do, without guarantee 20
Wolverh'ton,
and Dnelley, calls duly
pd, cr with guarantee 10
Do. s about guarantee 10
Birming.,Wolverh'pton,
and Stour Valley 131. 14s
tiirkenhead, Lancashire,
and Cheshire June-- 20 ...... ..............
Filistol and Exeter 92 ••••••
Ditto, Thirds .....•••• 284
6uckinghamahlre• --- 171
Caledonian
Ditto, New 101. Pref... 10
Ditto,Clydesdale June 50
Chester end Holyhead... 50
Ditto, Preference ls
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Direct London & Pactx
mouth ...
Dublin and Belfast June. 40
Dundalk & Enniskillen 27% —
East Anglian, 25L, L &
E. and L. and D...... 25
Do. 18/., E. & H.... 18
Do., 31. 108., Pref... 3%
Ditto, 71. 175., 7 per
Cent., Preference... 2 .
Eastern ..... 20 ••• 6%3/4—
Do. New, Gua. 6 per ct. 10 .
Ditto,Extension, 5 per
Cent., No.l 6/.135. 4d.... p..........
Ditto ditto, No. 2.-61. 13s. 4d... .....•..._.
Do. North. & Eastern,
6 per Cent.
Ditto. 5 per Cent 5O
Do. New
Eastern Union, Class A
(late E. U. Shares) 25

Date, Class A, ditt 0.... 6
Do., Class B& C 25
Do. Scri (6per cent.) 20 ... ........
East Lancashire

Ditto, New

Ditto, New Quarters 614...... ..
Do., 6 per Cent. Pre-
ference Quarters ... 614 •••••• ••• •
East Lincolnshire ...... 25 ...... 28IA ..

Edinburgh and Glasgow 50
Ditto, Half Shane ... 25