The Sun.
London, England, 1847-01-05 00:00:00

MU.NEY and COMMERCIAL NEWS

long than conclusive." With regarded to the ad-
dresses, the Debats says—
"We must call the attention of our readers,"
"to the address of the Nuncio, marked as it is
by a noble and frank cordiality, and expressing faith-
fully, we arc convii;ced, the real opion of all the nations
in Europe. The answers of the King produced an ex-
traordinary impression, particularly that addressed to
the worthy president of the Chamber of Peers. May
these wishes and these lessons, so appropriate in the
mouth of an old and great King, be heard by nations and
their princes ! May Europe escape, by the conciliation
of monarchy and liberty, from the double plague of
anarchy and despotism. France has given the world
cruel examples. The happiness which she enjoys under
a liberal monarch, under a prince who justifies every
day, by his profound wisdom, the choice of the nation,
will be, we hope, the most effectual of propagandisms.
We have never been amongst the number of those who
can only behold a vain ceremony in these solemn com-
munications between the Prince and all the bodies of the
State ; but if we had entertained that opinion, we should
not have held it any longer, after the speeches of Friday,
and the King's answers."
The Constitutionnel, in commenting on the addresses,
says that the address of the Nuncio was submitted to
the Marquis of NORMANDY, and was by him altered
in such a manner as not to compromise the English Go-
vernment on the subject of the Montpensier marriage.
The following is the article of the Constitutionnel :
" The publication of the harangues presented to the
King on the occasion of the new year by the Pope's
Nuncio, and the Presidents of the two Chambers, was
expected with some curiosity. It was the first manifes-
tation of official sentiments in the midst of the grave cir-
cumstances in which France is placed. It was known,
besides, that the words which the representative of the
diplomatic corps was to pronounce had been the subject
of a sort of negotiation between the Nuncio and Lord
Normanby. According to established custom, the com-
pliments which one of the members of the diplomatic corps
addresses to the King on the jour de ran and similar occa-
sions are not the object of any previous communication
between the various ambassadors. All deliberation on
this subject would seem to impart to such harangues the
character of a collective note, and might give rise to de-
licate questiens amongst the Governments. It is, there-
fore, usually agreed that the speaker is to take counsel
only from himself, and from his ideas of propriety, and
not to share with any one the responsibility of his words
But on this occasion the congratulations addressed to the
King by the Apostolic Nuncio relative to the Duke de
Montpensier's marriage, in presence of the representa-
tive of the Britannic Cabinet, who protested against this
marriage, might place Lord Normanby in a difficult
situation. It appears, at least, that he thought so, for
he demanded and obtained a previous communication of
sequence of this kind of negotiation, a phrase
of the address relative to the Prince's mar-
riage was suppressed ; and another was so modi-
fied, that it can ba interpreted in all the ways that
may be applied to it. Whilst Lord Normanby was thus
msking, in the name of England, corrections in the di •
plomatic address, M. Guiaot ought in the name of
France, were it only by way of compensation, also to
have demanded from the Nuncio some changes and
erasures. The French nation, which has seen with so
mournful an indignation the suppression of the Polish
nationality, the fall of Cracow, the murders in Galicia
—all that slow agony of a generous people under
the blows of oppressive Governments, will not read
without astonishment this phrase addressed to the
King of the French : It is with a profound satisfac-
tion that it congratulates you, Sire, on the maintenance
of the general peace, the admirable result of the wis-
dom of your Majesty, and of the other Sovereigns and
their Cabinets. It is the finest title to the grati-
tude of nations whose glory and happiness are promoted
by this happy harmony.' To demand at the present
moment, for the Cabinets of Europe, the gratitude of
their people, to congratulate on their glory and their
happiness the oppressed who perish, to boast of the har-
mony existing in the world, and to say all this in France,
whose Government, on bad terms with all the Cabinets, re-
ceives or sends forth protests and complains of violated
treaties and of the contempt of sworn faith, is in sooth
to carry irony to excess. The Ministerial journal (the
Please) desires to consider the Nuncio's address as a
well-considered manifestation of the whole diplomatic
body. In that case it must be divided into two parts:
the silence on the subject of the Duke de Montpensier's
marriage as a renewal of the protest of England ;
whilst the amplification on the wisdom of the Cabinets,
and on the happiness of nations who owe so much grati-
tude to their Sovereigns, is a reply to the protests of
France against the destruction of Cracow. We have
but little to say on the other harangues. Those of the
Presidents of the Chambers are distinguished, as usual,
by ridiculous bombast, vicious style, and incorrection.
One would imagine that one was reading some panegyric
of the middle ages. It is the same turgid, empty, cold,
but sounding language. Everywhere the remembrance
of Cracow is absent; there are only in the King's reply
counsels to the European Cabinets in favour of liberty—
counsels which the destroyers of Poland are scarcely
disposed to follow."
The Ilfoniteur contains various other addresses pre-
sented to the KING on New Year's-day. In his answers_4,
to many of these addresses his MAJESTY made allusions 1
to the Montpensier marriage. To the Court of Ac-
counts, Louis PHILIPPE said, among other things :
—" I am equally touched with the congratula-
tions with which all the corps' of the State so
eagerly surround me on the occasion of my
youngest son's marriage. It is a great consolation
to me, and a happy addition to my family. This
marriage can but contribute to drawing closer the
ties which unite France and Spain, without ever in
the slightest degree impairing their independence
and freedom." His MAJESTY likewise told the
Prefect of the Seine, who had assured him of the
great satisfaction the marriage had given to the
Parisians, that "it would draw closer the union
between two countries both enjoying constitutional
liberties, and which must more and more appreciate
their alliance."
The Commerce states that a plan is in agitation
for a large increase in the steam navy, and that the
visits of the Prince DE JOINVILLE to the French sea
ports is connected with the carrying out this plan.
The receptions at the Tuileries, announced for the
3d January, have been postponed to the sth, in con-
sequence of a slight indisposition of the QUEEN of the
FRENCH.
The French Government has just named two new
agents in China a King's Commissioner, M.
FORTH-ROUEN, formerly Secretary of Legation at
Lisbon ; and a Consul at Changhai, M. DE AIONTIGNY,
formerly atttached to the Embassy of M. DE
LAGRENE. In addition, M. LEFEVRE DE DECOURT
is appointed to the post of Consul at Canton, the
functions of which he has been performing for
some time. The same decison has been come to
relative to M. FABRE, lately carrying on the
business of the Consulate at Manilla. The salaries
for the French agents in China are said to be con

%; -

Glasgow Dumfries, and
Carlisle
Glasgow,Kilmar.,& Ayr 50
Ditto, New
Do., % Shares (5 per
cent. guar.)
Goole, Doncaster,___ &c. .. 2
Great Eastern &Western 21,1...... ••• ••
Great Northern (London
and York Regd.) 2,..... 31/8
Do. (Direct Northern
Regd.) . ........ .. ... 33/4 4
Great South. and West.

siderable, the King's commissioner receiving 60,000 f.
a year, the consul at Canton 30,000 f., and the consul
at Changhai 20,000 E; in all, more than 100,000 f. for
three agents.

(Ireland) --
27% —
Great North of England..100
Ditto New 5 —
Ditto, New .
to
Ditto, New
Great Western B5
Ditto % Shares. SO
Ditto 14 Shares
Ditto Fifths 2O
Ditto % , 83% 8.. ...... New .... 2
Huddersfield & Manches. 13 ......
Ditto, Extension ...... 3
Hull and Selby 5O 1073/4
Do. Half Shares 25 — ••• •• .........
Ditto 14 Shares
Ipswich & Bury St. Edm. 14
Do., do., and Norwich 5 —
Lancaster and Carlisle... 50
Do. New
Leeds and Bradford 3O
Leicester and Bedford... 16s.
Leeds, Dewsbury, &c.... 22%
Do., Branch (Blue) ... 2%
Do. Extension( Green) 21,i.. ... ..
Leeds and Thirsk 17%
Ditto, New 5 - ........ ••••••
Do., Prefer., 6 per Ct. 3%
Liverpool, Crosby, and
Southport .... .......... 2
Liverp., Mnchstr& New
castle Junction 2I,E. .....
Lyndon and Blackwell. 161. 135.4 d 9
Do. New
Ditto Extension . 7 %....,.
London, Brighton, and
South Coast
Ditto, Fifths
40
Do. Consol. Eighths lO
Do. Guarant. 3 per ct. 9
London and Greenwich 12115 s 4d —
Do. Preference ...18117s 2d —
I ondon and N. Westernloo 202
Do. Quarters
Do.' ao~ New
Ditto Fifths
Do. -14 Shares (G. J.) 5
Do 40/. Shares( L. M.) 8 —
Do. 40/. (M. & B.) ... 40
Do. 10/. (M. & B.) A. 5
... ___ _ __

A considerable falling off h stated to have taken
place in the cotton factories in the neighbourhood of
Rouen. A letter from the valley of the Andelle
states that several manafacturers have resolved either
to reduce the number of their men or to work short
time.

The Three per Cents. were done on Sunday at
80f. 50c. for the end of January.
HAMBURG'S, DEC. 20.—Hamburgh-Bergsdorf, 97; Ham-
burgh-Berlin, 99; Altona•siel, 110; Copenhagen-Roths-
child, 73 ; Mecklenberg, 72i ; Madgeburg-Wittenberg, 89k.
FRANKFORT, DEC. 31.--Lour Bezbach, 95; Frederick
William, 76%; Taunus, 372.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JANUARY 4.
Dutch Rhenish, 45i—Luxembourg, 34—Northern of France
Constituted, 1334—Orleans and Bordeaux, 85,i—Rouen and
Havre, 261,E-Vest Flanders, 3.

His Excellency the Earl of Elgin, Governor-General
of Canada, and suite, left Farrance's Hotel, Upper Bel-
grave-street, yesterday, for Liverpool, en route, for
America.
THE TEA TRADE, JAN. 4.—The deliveries of tea
last week were smaller, being about 350,0001 b. The
market is quiet, though steady.
Sir Henry Roper, the late Chief Justice at Bom-
bay, has arrived in town from Marseilles.
A NOBLE LECTURER.—At Leicester, Lord Cour-
tenay delivered a lecture, in the Literary Institute, on
the state of Ireland. The Rev. Mr. Courtenay presided.
LEEDS STOCK EXCHANGE, JAN. l.—The sales
were—Ambergate, Nottingham, and Boston, 7s. 6d. n. p.—
Eastern Counties, York Extension, 134 p.—East Lancashire
(Blackburn and Preston), 334 p.—Ditto, New, 3 11.16 p.—
Ditto, New, Scrip, 365. p.—East Lincolnshire, 2% p.—Great
Northern (late London and York), 13s. 6d. n. p.—Ditto,
Extensions, ss. p.—Huddersfield and Manchester, 4% c. p.
—Leeds and Thirsk, 20s. dis.—Ditto, New, par—Ditto, Pre-
ference, 335. 6d. p.—Liverpool, Manchester, and Newcastle
Junction, Is. dis.—London and South-Western, Scrip, 20s. p.
—Melton and Driffield Junction, 1% p.—Manchester and
Leeds, Half Shares, 131/ p.—Ditto, Fifth. 6' —Dr'

2'e
8.~

5834
14%

lqi
2i%

W
A ___...,, _J s, ,34 p.— Ditto Do. 10/. 01. & B.) B. 5
Half Shares (late Wak. P. and G.), 8 p.—Manchester, Bux- Do. 10/. Al & B.) C. 1
83A
ton, Matlock, and Midland, 1% p.—Midland, Preference, 5 London, Oxford, and
p.—North British, Quarter Shares (late Carlisle Branch), Cheltenham
2% p.—Ditto, Extension (scrip), 18s. 6d. p.—North Staf- %.....
Lond. & S.Western 411 6s 10d 65 66 ••
MlL:hire, 4% p.—Northern Counties Union, 11s. dis.—Nortli-
Do. New ConsoL Bths 40 — Western, 3A p.—Sheffield, Rotherham, and Goole, 15s. p. Do. New
2214.. ..
—Shropshire Union, ss. dis.—York and Newcastle, Prefer- Do. New .18
...
ence, 5,74, p.—Leeds, Wakefield, and Midland, Bs. dis.—West Ditto Tenths
5 . 51i%
Riding Union, 41. lls. 6d. Ditto Tenths ...
..... 4
HULL STOCK EXCHANGE, JAN. 4.—The sales were Ditto Scrip
—Blackburn, Clitheroe, &c., lls. 9d. dis.—East Lancashire, Ditto ditto ....... .... 4
•••
New. No. 1, 4 p.—Ditto, New (scrip), 2 p.—Great Northern London and York Scrip 21,4 ..... 3IA % reg
(London and York), 3—Manchester and Southampton, par Do. Extension
—Northern Counties Union, 2—North-Western, 16s. p.— London, Salisbury, and
York and Selby Preference, 12 p. Yeovil ..... .... ........ 2%......
—.
SHEFFIELD STOCK EXCHANGE, JAN. 4.—The sales Londonderry& Coleraine 15
were—East Lincolnshire, 21/t p.—Leeds and Thirsk, 1/. dis.— !Londonderry and Ennis-
killt
blanebest,r, Grimsby, and Sty:ffi c eld, 3%. dis. um int.—L m ... 15itto, L,.nn
aiii Ki...
.... ........
Quarters, 7, Is. dis.—Manchester, Sheffield, and Lincoln. I Is. Lynn
and LlLliair
:50
16s- p.—Leech, ganchestee and Leeds 82
dis.—Sheili.id, Itotberham, and Goole,
Wakefield, and Midland, 10s. dis.—South Yorkshire, Don- —
Ditto IA Shares . ... 38 ...... ..... .... . miter, and Goole, 104. 1). Do. Quarters l2 ...,
..• • ....

814

5%
4
614
2%

16

CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was quie.
though firm, and prices of American and Surat were
well maintained, and without change in any other
kind. The sales amounted to about 8,000 or 10.000
bales, of which 6,000 were American on speculation.
The sales consisted of 200 Surat, at 41d. to 5d.; 70 Sea
Island, at 19d., and the rest American at 64d. to 74d. per
lb. Railway shares at Liverpool were rather higher
yesterday.
The difficulties anticipated by some of our con-
temporaries to result from the aid given by the
Bank of England to the Bank of France have
passed away, and the basis of the business i:
however, sufficiently understood. In our money marke
apprehensions (if any existed, and if so, only in a sligh.
degree) upon the subject have entirely ceased, and the
Three per Cents. Consols keep steady. But it has been
urged that out of doors (this means ex bankers and dis
count firms) Bills of Exchange cannot be " done" at so
low a rata as was the case a few months since. This is
not generally the fact, good paper is now most readily
discounted at a fraction above the rate demanded by the
Court of Directors of the Bank of England.
At a meeting of the proprietors of the Colonial Bank
(whose operations extend over the whole of the
West India Islands, fee.), held this morning, a
dividend at the rate of l 4 per cent. for the
past half-year, was declared. The bank's affairs
were most promising, and should matters go on as favour-
ably for the future, in two years a dividend equal to 7
per cent. might be calculated upon almost with certainty.
The public securities are scarcely so firm to day, but
the tone of the market will be better tested upen the re-
opening of the transfer books, as the dividends are pay-
able to the public on Friday next. Consols are
931 for account • Exchequer Bills have been marked
12s. premium ; and the New Three-and-a-quarter per
Cents. 954 Bank Stock has been worth 205 to 206.
The foreign securities have been rather more ani-
mated, and there is a slight improvement in the quota-
tions of some of the bonds. Portuguese Four per Cents.
have been 39i; Spanish Five per Cents., 26i ; and the
Three per Cents. 364. The accounts from Lisbon cer-
tainly read favourably for the Government, if much re-
liance can be placed in them. Mexican stock has been
firm at 25 to 25k; Dutch Two-and-a-Half per Cents. are
5934.
-
The prices of Shares in most of the principal lines of
railway come rather higher from Liverpool, and one or
two other of the provincial markets, and at Edinburgh
and Glasgow also there appears to have been a great
deal doing at advanced rates. It is yet much doubted
whether any amicable arrangement will be effected
between the Great Western and North-Western Railway
companies, though all parties approve of the experiment
being made. As to the railway " calls" falling due this
month we believe there will be no other month of the
over, and if further branches be sanctioned in
this session of Parliament, it is not at all likely that
any money will be called for until the year 1848.
The market here is steady this morning. The London
and York are in favour ; the North Western have
touched 202, and the Manchester and Southampton are
par to discount.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock .206 205 205
3 per Cent. Reduced Anns 94 93% 93%
New 314 per Cent. Annuities...... 95%%% 95%
Long Annuities to expire J an. 1860 9 13-16 9 13-16
Consols for Opening 93%%% 93%
Exchequer Bills, 1000/. I%d. ... 12 —— p 12 p
Ditto, Small

CLOSING
PRICES
42
314

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK
Buenos Ayres Bonds, 6 Der Cent. 42
Equador Bonds
Mexican, 5 per Cent. 1846 —
Ditto, Account 25% 25
Peruvian Bonds, 6 per Cents 39%
Portuguese Bonds, 4 per Cent
Ditto. Account ..... 3914
Russian Bonds . ..... 1111
Spanish 5 per Cent. 1840.
Ditto, Account . 261
Ditto 3 per Cent.
Dividends on the above payable in London.
Dutch 21/ per Cent. .
Ditto, 4 per Cent. Certificates 93% 93%
PRICES 01! PAID. BUSINESS DONE CLOSING
RAILWAY SHARES AT ONE O'CLOCK. PRICES
Aberdeen
Amber., Nott., Boston,
and Eastern Junction 2 %......
Armagh, Coleraine, and
Portrush .... . 1%... ..
Belfast & County Down 43/4
Birmin. and Gleucester..loo
Ditto New 17% — ... ...
Birmingham and Ox-
ford Junction
Birmingham, Wolver-
hampton, and Dudley 425. ... .. 7% 6% p
Birming., Wolverh'pton,
and Stour va11ey..... 425. ......
Birkenhead, Lancashire,
and Cheshire June.... 23/4 —
Boston, Stamfd, & Birm. 225. ll% p....
Bristol and Exeter 75 -
Ditto, New
Bristol and Gloucester... 30 ......
Buckinghamshire
. tadedonian
Ditto Half Shares...... 2%
Ditto, Clydesdale June 25
Chester and Holyhead... 27% —
Cheltexham and Oxford 2 ...... . ...
Clarence lOO
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Cork and Killarney
Cork and Waterford ... 1% —
Cornwall
Ditto, Half Shares
Direct Northern Scrip.. 33/4 2%
Direct Norwich
Dublin and BelfastJunc. 12% — 1
Dublin, Belfast, and
Coleraine
Dundalk & Enniskillen 10
Eastern Counties 141. 165....... 23%
Ditto New l2/ 16s 7% p
Ditto Perpetual, 5 per
Cent, No. 1.......61. 13s. 4d...
Ditto ditto, No. 2... 61. 13s. 4d... X% p
Do., York Extension.. 2 ...... 3%3/4
Eastern Union
Ditto, Quarter Shares 10
Do. Exten. (Harwich ) 1 % — ......... .....
Do., Camb. and Ely.. 2% —
East Lancashire
Ditto. New
Do., do. (late Preston
and Ormskirk)...
Do., do., New Scrip... 1%
East Lincolnshire ...... 1% 3%
Edinburgh and Glasgow 50 ...... 7814%
Ditto Half Shares ... 10 ......
Ditto, Quarter Shares 12% ...... ... ........
Edinburgh & Northern.. 121% —
Ditto, New
Ditto, Newport
Ditto, ditto, New .... . 11{ —
Edinburgh and Perth... 3
Ely and Huntingdon ... 12% —
Exeter, Yeovil, & Dorset 24'

11%
6% p

23%
P

3YB
79