The Sun.
London, England, 1847-01-12 00:00:00

~--~~

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Cotton market at Liverpool yesterday was dull,
and prices were declining. Sales 4,000 to 5,000 bales,
aiAmerican selling at 6d. to 7id , and Surat at 4:N. to
d. per lb. Railway Shares Were rather heavy.
To a very large class of individuals, who have ad-
l'aleed money upon the faith of foreign Governments
Whether monarchial or otherwise, will be afforded much'
solace from the legal opinions obtained from her Ma-
j"tra Advocate, Sir John Dodson, and the Admiralty
Advocate, Dr. Phillimore, who declare, in terms
11ot be disputed, that the proposition or
r▪ endering:o
n nugatory the Mexican conversion scheme,
W contrary to the law of nations. The cre-
ditors of
other foreign states besides Mexico, may
,ow ask our Foreign Minister to claim their rights from
delinquent Governments. The case and the opinion is
thus couched :
°PINION OF THE QUEEN'S ADVOCATE, AND DR. R. PHIL-
Your opinion is requested, whether the Mexican Go.
Zrntnent after the final 'ratification of the conversion of
e Mexican Debt, as shown by Documents No. 12 and
43, is justified in withdrawing that ratification for the
Purpose announced in Document No. 14.
• It appears from the papers laid before us that a con-
of of the most important character has been solemnly
rncluded between an independent state, on the one
orand certain public creditors, the subjects of a
d'
country, on the other. We find, moreover, that
"'a arrangement has since received the full and un-
qualified ratification of the state which set on foot and
authorised the negotiation.
o
nWe are of opinion that by the law of nations
o-
_ither f the contracting parties, without the consent
off the other, can recede from this engagement. We are
„,,°Piniun that no subsequent change in the internal
policy of the state which has so entered into such con-
Zra k or in the opinion of her rulers, can entitle her to
'steak the faith thus solemnly pledged; and that to do
!_es‘vould be a flagrant violation of the must sacred and
Est established principles of international law.
(Signed) " JOHN DODSON.
"Doctors' 44 PHILT,IMORE.
Commons, Jan. 11, 1847."
to tFill be necessary to call attention more particularly
hla important document as occasions may serve.
The Speech of Louis Philippe on the assembling of the
a% Chambers is considered satisfactory in most of its points;
events, it is hoped that the desire expressed to
maintain peace, will be sacredly observed. The only
l
now to be untied in political matters appears to be
_Mat relative to the annexation of Cracow. Our Govern-
?°lent, as well as that of France, has done, perhaps,
. all
it will do, Viz., remonstrated against the whole affair.
We have no later arrivals to-day from any quarter,
.1!!1(1 there is nothing expected from America until the
uslifax steamer, due about Thursday.
;„ Tax
English Funds have been quiet again to-day, and
the floating debt there is a sudden "drop" of 35.. to
usi: in consequence of some of the holders having
ii`en advantage of the improvement to sell out.
abile quotations have been reduced to 108. and 95.,
nt if the directors of new railway schemes con-
-o,e
insteadaccountant-General,of the market must necessarily
LSIY, and may possibly go higher. In many
t7o,„ances however, a preference may be given
t money deposits, in order to avoid a loss upon the
esale of securities, when the companies require their
11:113ney back. The value of Consols is 931 and of the
ot Three-and-a-Quarter per Cents. 951 1. Bank
ock is firm at 2051 to 2061.
The Foreign Bonds have been dull. Spanish Three
r Cents. are not higher than 351; Portuguese Old
ve per Cents. have been 83 to 844
!• and Mexican are
at 234, Equador Stock is worth 3 to 3/. Dutch
"e-and-a-Half per Cents. are worth 59 to 59i.
, Shares are flatter this morning, and we quote them
lower generally.

- OsE CLOSING
/.1,
, s ICE sOF BRITISH FUNDS. O'CLOCK PRICES.
*
roik Stock 206% 205% 205%
Per Cent. Reduced Anns 93% 94 94
iia ier Cent. Consols Annuities 93%% 93%
nW 31/4 per Cent. Annuities 95%% 95%
ng Annuities to expire J an. 1860 9% 13-16 9%
lia Stock — 254
SbLith Sea Stock
Consols for Opening 103% 103%
93%% 93%
India Stock for Account.... 254 254
Exchequer Bills, 1000/.1%d.... 11 10 12 9 p 12 p
Ditto, 5001 ... 15 11 —— p 11 p
Ditto, Small
ONE PRICES OF FOREIGN FUNDS. O'CLOCK PRICESCLOSING
Equador Bonds
Granada Bonds, 1 per Cent. 19% 1934
Ditto, Deferred 3' 31
Mexican, 5 per Cent. 1846 231, 23
Portuguese 5 per Cents. B3 84% 844
Ditto, 4 per Cent 3B
Spanish 5 per Cent. 1840.
Ditto, Account . —
Ditto, Deferred —
Ditto 3 per Cent. 353/4
Venezuela Bonds, 2 per Cent 391/4
Ditto Deferred _ 11!i

25%
17
353 A
391 A
11%

-:-
Dividends on the above payable in London.
Belgian, 2% per Cent — 533
Dutch 21,E 591% 591 per Cent. .
Ditto. 4 per Cent. Certificates 93 923/4 9234
, BUSINESS DONE CLOSING
~,
,__PRIcEs OP
uIAVAY SHARES F"'"'" AT ONE O'CLOCK. PRICES
Aberdeen
tuber., Nott., Boston,
and Eastern Junction 2% 234% 2%
V-Ifast & County Down 43/4 —
'lrlin. and Glencester..loo l3O 129 129
Ditto
New 17%
••• •••• 00000
41toangham and Ox-
fard Junction
161rnlinghaRI, Wolver-
t.hampton, and Dudley 425. ... ... 6,1314 p 614 p
'ruling, Wolverlepton,
Band Stour Va11ey..... 425. ......4 p 33/4 P
irkenhead, Lancashire,
/
, and Cheshire June.... 23/4 —
fasten, Stamfd, & Birm. 225. —
tiristol and Exeter
Ditto N 10
kist ' ew
Backing
l d Gloucester 32 ...
amshire
isledonian
Ditto Half Shares-- 2% •••• •••• •••••
Ditto, Clydesdale Jane 25
theater and Holyhead... 27% 25%
Cheltenham and Oxford 2 .. ••• .
Clarence lOO . ...
Do. Ist Cass, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent. lO
Cork and Killarney ... 2%
Cork and Waterford ... 1% —
Cornwall
Ditto, Half Shares ... 2% ll/a ..••
Direct Northern Scrip.. 2% 2% ys
Direct Norwich
Dublin and BelfastJunc. 12% —
Dublin, Belfast, and
Coleraine
._Dundalk & Enniskillen 10
kdsternConnties 141. 165....,., 22%
Ditto New l2l. 16s —
Ditto Perpetual, 5 per
Cent, No. 1....... 6/.135. 4d —
Ditto ditto, No. 2... 61. 13s. 4d —
Easter
Do.,n
Union York Extension..
420 ...... 3% % Ditto, Quarter Shares 10 «—
DO. Exten.(Harwich) 1% —
•,, )0.,
Camb. and Ely.. 2% ......
.r.ast Lancashire
Ditto, New ..
no., do., New Scrip 1.1/4
.c.ast Lincolnshire ...... 1 id, ... ..
Edinburgh and Glasgow 50 •••••• ......... ••• '' "
_
Ditto Half Shares ... 10
_
Ditto, Quarter Shares 12%
Edinburgh & Northern.. 12%
Ditto, New
Ditto, Newport
_
, Ditto, ditto, New .... •1% —
'4„.„l:llllburgh and Perth... 3 ......
',,'Y and Huntingdon ... 12%...... 13% 13
.c4teter,Yeovil,& Dorset 2%
41asgow Dumfries, and
Carlisle 5
Qlf sgow, Kilmer., & Ayr 50 ......
Ditto, New .. 15 .
Do., Ili Shares (5 per
~. cent. guar.) ... 12%......
Great Northern (London
and York Regd.) 2l/2..... 3174% 3,i
Do. (Direct Northern
Regd.) .. ... 33/4 - 41/ ... 41
Great South. and West.
(Ireland)
Great Northof England..loo
Ditto New
Ditto, New . 15
Ditto, New
Great We5tern............ 85—
Ditto Shares. ....... .50
Ditto Shares ........ 121
............ 20
•
Ditto, New ......... .. 4% ... ....
30%3/4 30%
% Huddersfield &Manches. 13 ••• ".-17
17 Ditto, Extension ...... 3
..
...
Bull and Selby 5O ..
..... -- .
Do. Half Shares 25
......
__
.... .. ...... 107%
........... --
, Ditto 14 Shares
4Pawich & Bury St. Edm. 14
.... ..........
.... 13 Do., do., and Norwich 5 — . .............
Lancaster and Carlisle... 50
............ ...
Do. New
77% ............... 7? '
Leeds and Bradford 3O
~.°l.caster and Bedford... 16s.
toleds, Dewsbury, &c..„ 27% — ......... ...,. - .....
1:10., Branch 1/,, Shares 21,x.•
4'0., Branch (Blue) ... 2% — ..... • Do. E xte n sion( Green) 24 •••
Dds and Thirsk 17%•••••• •••
itto, New
y .1-10., Prefer., 6 'per Ct. 3% 47g
..lverpool, Crosby, and
LiSouthport ..., ...
verP., tlnchstr&New
castle Junction. .
2%...... ••• ...... ''
Lono. N don and Blackw ..
ell. 16/. 133.4 d 8% ‘, I)ew
Ditto Extension.., ... .... 71/
14011 don, Brighton, and --••-- .. —
South Coos_ .t . 50 58
Ditto, Fifths ................... 40 58
47%
bo Consol. Eighths.. 10 ••.••• ••
—De G 9
% xd
Londe
uarant. 5 per ct. 9 ...... ——- --
irsu.qoo.n_anred_ Greenwich 12/ 15s 4.
tof •r f!rence ...18/17s 2d......
, 1961/
001110.`and I%T. Wt steraloo ••• ••1971,12 197% 196% ...... 2
I.,•Quarters 2
4'o. , do, Ne .........
15 14% ... ..... 1.1%
Ditto Fifths vf.. ....
:: ..
..
. 22
DO •h/.BSilhararesesN3 10
... —.
o• 40/. rl. &8.. 40
O. 10/. 81. & 8.1 A—. 5
•••
too. 10L M. & B.) B 5 - ............... ---
-- ............... --
1.01)o.i. 101. M. & B.) C: 1
Lo- CJ'2Oll, Oxford, and
I.iel.teilli_.___am ... ......... 2 ..
O..SS Western 41/ 6s 10d
'' AIM V 91494 etti 40
....

131/4

P
29%

25%

23

22%

3%

171,4