The Sun.
London, England, 1847-04-16 00:00:00

appearance of ABD.EL-KABER in considerable force
in the neighbourhood of Mascara is confirmed. The
Ministers it is said have received some very serious in-
formation on the subject. Both the &lick and the
Commerce express their approval of the Bill for re-
forming the Tariff, as a step in the right direction.
The Education Bill, which has just been printed,
gives great offence to all parties in France. The
effect of this measure, if carried, will be to transfer
all power of controlling education to the Jesuits, and
to submit the university professors and the heads of
schools to the priests, by a system of grinding
tyranny and debasing espionage, to which no
honourable, liberal-minded, or well-educated man will
submit. It is just such a measure as might have been
expected from the Villele or the Polignac Ministry
of the restoration, but certainly no one expected to
see the revolution of July producing such fruits.
The opposition to the Bill will be most formidable,
and there is every probability that the Ministry will be
defeated.

Accounts were said to have reached Paris on
Tuesday, that the tempestuous and otherwi,e incle-
ment weather, encountered by Mr O'CONNELL on his
route southwards, was continuing to produce upon him
unfavourable effects. For example, when in Paris
his appetite was excellent ; those letters were saint to
state, among. other unpleasant symptoms, that it had
been much impaired.

The French Funds improved on Tuesday. Early in
the day a favourable tendency was perceptible in
the transactions oe " the coulisse." When business
commenced regularly this inclination became rivire
decided, and the Three per Cents. rose to 78f. It
was then reported that a new fall of I per cent.
took place in London on Monday, which caused
prices to recede—that of the Three per Cents. to 77f.
70c. Another rumour stated, however, that Con-
sole had, on the contrary, risen s per cent. in London.
A new reaction took place in consequence, and that
stock left off at 77f. 95J. (buyers); the Five per Cents.
1151. 80c. ; the Orleans Railroad Shares, 1,2221.
50c.; Rouen. 8801. ; Havre, 668 f. 75c. ; Great
Northern, 6231. 75c.; Avignon, 770 f.; Vierzon,
560 f.; Bordeaux, 5101.; Troyes and Montereau,
300 f.; Basle, 1921. 50c. ; Dieppe, 320 f. ; Paris and
Strasburg, 4271. 50c.; Tours and Nantes, 4221. 50c.;
Paris and Lyons, 431 f. 25c.; Lyons and Avignon,
4551.; Cette, 445 f.

MARSEILLES, APRIL 9.—Marseilles and Avignon, 790 f. ;
Northern, 626 f. 25c ; Paris and Lyons, 435 f.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, APRIL 14.

Boulogne and Atriens, 16 ..,,—Demerera, 34 Northern
of France, 13—Orleans and Bordeaux, 6A —Paris and Lyons,
514—Paris and Strasbourg,• 2%—Tours and Nantes, 134.

MONEY and COMMERCIAL NEWS.

(From The Sun of Last Night.)
The sales of Cotton at Liverpool yesterday were 5,000
bales, 1,000 bales being American, taken on speculation.
The market was dull, though at about previous rates.
American realised 6id. to 71d. per lb. In Railway
Shares the business done was limited, and prices did not
exhibit any improvement.
We have no account yet of the steamer from Halifax.
Money in the discount market is worth about 51 to
5- per cent. on good bills, short dates having still a very
decided preference. It is not expected that the directors
or the Bank of England will yet further advance their
terms for accommodation, as they limit it even at the
comparatively high rate recently established. An im-
portant work at the present juncture, " Doubleday's
Financial History of England," shows that in the
earliest career of the establiehment the re was consider-
able variation in its terms of discount. The author remarks:

" On its commencing business, the Bank seems to
have charged the highest legal rate of interest, 6 per
cent. upon all bills discounted, whether foreign, or
inland, or home bills. In a tew days, hos ever, it ap-
pears to have been found politic to reduce the rate ot
discount upon foreign bills to 4i per cent. In 1695, in
January, in order to increase the business of the con
cern, another course was adopted. Foreign bills, except
ing at short dates, were again discounted at the rate of
6 per cent., and inland or home bills at 4i per cent. ;
but to persons who would keep an account with the Bat k.
an inducement was hal : out for d:,ing so, in the shape
of a reduction to such persons of half the discoun: on
toreign bills, the rate of winch was thus, in these cases,
reduced as low as 3 per c: ni.—a novel rate in these
da) s ! In the following Mm, despite of these relaxis-
q(4:l, the • Governor and .Company' seem to have
been driven to further expedients ; and, for a time,
all short-dated running bids or notes were taken tor
discount at the novel rate of 3 per cent.; and not con-
tent with this, the Court of Directors gave notice of
their readiness 'to lend money ;' that is to say, their
notes, upon plate, lead, tin, copper, steel, and iron,' at
4 per cent. per. annum."

These changes were even more frequent than at pre-
sent. but the power of the Threadneedle-street magnatee
was then limited indeed, either fur good or evil, curia •
pared to %%iliac it is now.
The Funds are not so well supported as they were
yesterday, but business is slack. Consols are 863 a for
present transfer, and 864 to 871 for the May Account.
Exchequer-bills have been par to 3s. discount. Bank
Stock has beer, quoted 195 to 1931 The New Three-
and-a-Quarter prr, Cents. t.ave seunsed 871 to 1.
Vary little ainaratiou has oceurr‘d in Foreign Stocks.
but prices are as well supported as could be expected.
Spanish Five per Cents. have been marked 25i 2, and
the Three per Cents. 36 to 361. Portuguese Four p. r
Cents. have been quoted 354 to 35A ; Mexican Bonus
have been dune at 201 to 21 ; Dutch Two-and•a- Half
per Cents. have been at 581, and the Four per Cents. at
110 to 891.
Railway Shares are quiet at present.
The settlement of the Consul Account, and the Foreign
and Share Account, coming su near together, engage chruf
attention.
BRITISH FUNDS. ONE CLOSING

O'CLOCK. FREL'ES.
Bank Stock .. • • •• •• •• •• • • 195 193% 193%
Three per Cent. Reduced Annuities .. 85u u 85%
Three per Cent. Consols Annuities 86i 4 BtiN
New Three-and-a-Quarter per Cent. Anne. 87% % 87%
Long Annuities, Expire Jan. 5, 1860 gh 9 9
India Bonds, 1,0001. •• •• •• • • ~
Ditto, under 1,0001. • • • • • • •• 5 die par
South Sea Stock .. • • • • • • • • • . 96%

Consols for May 27 •• •• _ Yd. 86 87
Three per Cent. Consols, Scrip •• •• . dis 2 die
Exchequer Bills. i JA d. 2d.
_

Loom
..
.. •—• • • • • par 3 dis 3 dis
5001.:. .. •••• par par
Ditto, Small .... 1 dis 2 p 2 dis 2 Ms
ONE CLOSINo
FOREIGN FUNDS. O'CLOCK. PRICES.
Danish, 3 per Cent •• .. .. ~ 86 86
Mexican Bonds, 1846, 6 per Cent .. 20% 20%
Ditto, for the Account .. .. .. 21 2154
Portuguese Four per Cent .. ~ 353 35
Ditto. for the Account .. .. .. 35% 35
Ru•sian Bonds • • • • • • • • • . 109% 109%
Spanish Bonds, 5 per Cent .. ..
Ditto, for the Account • . .• .. 25%3 25h,
Ditto, eaSSiVe Bonds .. .. .. fix, 51
Ditto, Three per Cent .. .. .. .....
Ditto, for the Account .. .. .. mil 36%
Dividends on the above payable in Landon.
Belgian Four-and-a-Hall per Cent .. 96+4
Dutch Two-and-a-licit per Cent .. 585 55%
Ditto. 4 Der Cent. Certificates .. 8974 90 8954 90
PAID. .EDUOSNINEEASTS CLOSING
I'ItICEs.
ONE O'CLOCK.

PRICES OF
RAILWAY SHARES.

Amber., Notting., Boston, and -
Eastern Junction .. .. •• 2%.... 1% ex int. .. I%x int.
Birmingham and Oxford Junction 5 .. • • 13% 54 ••"• • • • 13
Reston, Stamford, & Birmingham 5 .... 02 ••••• • • • • •
25%
Caledonian 30 .... •—• ••••• • • • •
Ditto. Half Shares .. .. .. 2k. . . . 2!B ••••• • • • • • 2%
Chester and Holyhead .. .. .. 27% .. .• 2- WI ••••" • • • • 22%
Eastern Counties .. .. .. .. 20 ~ .. 14% %•••• • • .. Di la

Ditto. York Extension .. 5 ...• 4ci •••• •• ••
East Lincolnshire .. 4 .... 6% ••••.. • • ..
Edinburgh and Glasgow .. 50......