The Sun.
London, England, 1847-10-06 00:00:00

THE SUN, LONDON, WEDNESDAY EVENING, OCTOBER 6, 1847.

that vastly-augmented capital. In fact, the great
' mistake, the fatal error that has been committed is,
that gold is the only description of property that is
considered or looked upon as a security, against which
paper money—the symbol of value—is permitted to
be issued. A private banker may possess large real
estates or considerable funded property, which would
afford the most ample and satisfactory security fur his
solvency and the due and punctual liquidation
of every engagement he may contract, the payment
of every note he may issue ; he may even possess an
abundance of silver bullion, the standard of value in
every other nation on the face of the earth, and yet
he will not be allowed to issue a single note beyond
the amount fixed by the Act of 1844 (and for which
there is no security whatever), unless he has an equal
amount of gold coin in his. coffers. The Bank of
England is restricted in like manner, save as to
fourteen millions, which it is allowed to issue with-
out
any reserve or security whatsoever; true it is,
that the Government owes a sum nearly equivalent
thereto to the Bank, but there is nothing to prevent
it from assigning the whole of that debt to others,
and still issuing the same amount of notes to the
public. Such a law is not wise or statesmanlike.
It may be just to prevent any individual or
body of individuals from issuing what would pass as
money without giving security to prevent the possi-
bility of loss to those who would take the notes in the
ordinary course of trade ; but if they are at all per-
mitted to do so—if the necessity is recognised
by the State, and it is seen that gold alone
is not sufficiently abundant to perform all
the duties of a circulating medium, and to
supply the wants of the country, why should not the
issue of an amount adequate to the national require-
ments be sanctioned, on full and ample security being

given by the parties by whom it is circulated against
any possible loss?
We have stated that the 7,000,0001. of bullion was
temporarily abstracted from the coffers of the Bank.
In the natural course of events that money would
speedily have found its way back to this country in
consequence of the increased demand for our manu-
factures that would have followed the greater pros-
perity of those from whom we last year purchased
cur corn. Such is the natural effect of free trade,
sshich was so urgently required by the country, and
the effects of which must prove so valuable to the
country, if not impaired by laws and restrictions
utterly inconsistent with the great principle. There

was much truth in the statement of Mr. MUNTZ, at
the important meeting at Birmingham, on Monday
last, "that free trade, uith all its advantages, and

sound as it was in principle, would only, with-
out an alteration in our monetary system,
increase our difficulties." We require free trade in

money also, and that the unjust limitations which
have created a partial monopoly therein should be
totally abolished. That gentleman stated " that the
pressure under which the country now laboured may
be eased in a day, relieved in a week, and that in twelve
months the country might b in a greater state of
prosperity than it had ever been." We believe that

an Order in Council relaxing the present law, followed

by just and wise rules adopted by the Legislature
for the regulation of the monetary transactions
of the country, would have a magical effect,

almost equal to that which the Honourable
Gentleman has stated. Meanwhile, we trust that
the exertions of those who feel deeply on the
subject may not be relaxed, but that many similar
meetings in all parts of the country may follow the
Birmingham one, and that Mr. "MuNTz and the other
gentlemen who hlve maturely considered the ques-
tion will lose no opportunity of enlightening the
public mind, and setting forth the results of their
experience.

Much curiosity is excited in the French capital by
the unexpected arrival of Count WALEWSKI from his
post as Plenipotentiary on the Rio de la Plata. The
meaning of this sudden removal is obvious—it is an
evidence that the emissary from the Cabinet of the
Tuileries finds himself in a position of such an extra-
ordinary character as to require an immediate and
personal communication with the Government. The
adoption of some extreme course will be the inevit-
able consequence of the recent movements on the
great South American estuary. Guizox is either
thwarted in his intentions as to the protection of the
Frenchmen resident in Monte Video, or the ulterior
project of the Opposition, with ADOLPIIE Timms at
its head—the project which would constitute the city
and the surrounding districts a mere colony of
France—will be carried to a successful consummation.
Such at least is the manifest opinion entertained by
Count WALEWSKI, for without a positive conviction
of that kind he would never have evinced a deter-
mination so peculiarly opposed to the views of the
British Ambassador, and would much less have taken
his spontaneous and diagonal journey across the
Atlantic. Count WALEWSKI is evidently aware that
the course of the Government, of which he has now
been for some considerable time the representative, is
jeopardized by the abandonment of the blockade to
the vessels under the tricolour. With the forces
placed at his disposal he recognised the impossibility
of affording any adequate aid to the French traders
resident within the walls of Monte Video, and the
utter futility of any further endeavour to prevent
the occupation of that city by the besieging
army under General ORIBE. His position,
therefore, became so peculiar as to require an
instant conference with the Ministerial advisers of his
Sovereign. Hence has the Count WALEWSKI has-
tened to the council chambers of Louis PHILIPPE, or,
as the Edinburgh Review has termed it, the lair o
" the spider of the Palais Royale."

Two courses appear to present themselves to M.
GUIZOT and his colleagues. Either the scheme of
French intervention between the belligerents
on the banks of the River Plate must be
abandoned, or the daring scheme of M. TRIERS
must be carried into effect by the dispatch
of a powerful armament, both military and maritime,
to the shores of South America, for the purpose of
quelling the dissensions of the citizens of the Ar-
gentine Republics, and transforming one or other
of those independent states into a colony of
tke great nation. The latter is a bold venture,
but one fraught with glory and emolument if suc-
cessful ! The former bears about it too much the
appearance of pusillanimity to be palatable to the
fastidious tastes of Gallic statesmen ! There is an
old grudge, moreover, to be satisfied, and, if possible,
to be paid off with interest upon the valorous
'DRIER and his consistent followers ! Reflec-
tions of this description will force themselves upon
the Cabinet of the Tuileries, and influence the
judgment of its members in regard to the future
treatment of the Monte-Videans. Pride and cupidity
will dictate proceedings which prudence or honesty
would avoid and repudiate. Besides which the
starched historian who at present monopolizes
in Paris the combined dignities of Foreign
Minister and President of the Council, still labours
under the delusion that his administration has a cha-
racter to lose, and a reputation to maintain. 'Agitated
by the conflict of opinion inevitable upon a conjunc-
tion of affairs so unprecedented, the decision of the
French Government will, in all likelihood, be inimical
to the abandonment of the system of intervention.
To attain the shadow of an addition to the authority
already vested in the Orleans dynasty, the Guizot
Cabinet would traverse the most tortuous passages;
and (it this were the age of black magic) might even
resort to devices as varied and ingenious as those of
the necromantic
pomegran torintthcoess in the Arabian legend.
From the snakeP
pippin to the silvesrurelfrtuhiet
pippin,
p ppomegranate,from
th e from
i the
fish,ythe metamorphosis. would be
sasoffacibloesfo,lAaustisfmr7frcoomnstitthue-
as natural, and,
constitu-
tionalists to promote;
friends of England to the alliesa
to
tuhstria, from the
The aggrandizement
chaunters of the liciarseillaise prohibitors of
ROSSINI'S Hymn to Pius IX. !
ind indeed,
of the power of LOUIS PHILIPPE has
so essentially the aspiration of his advisers,politicTle,
that any movement, however preposterous, n
policy, however opposed to the principles of recti-
tude,a
would receive their approval and ensure their
encouragement. The transmission, therefore, of
a formidable armament to the Rio de la
Plata for the purpose of realising in South
America the aspirations which have `only been
partially fulfilled in Northern Africa, is a project by
no means too extravagant to be discountenanced by
the associates of M. GI7IZOT, Such, indeed, will pro-

bably be the decision consequent upon the return of
their Plenipotentiary Count WALEWSKI.
Meanwhile, how will matters continue in the
suburbs, and even within the market-place of Monte
Video ? Or, rather, how will matters progress now
that the barriers raised between the belligerents by
the combined intervention of France and Great
Britain have been weakened by the withdrawal of the
latter ? Will ORmE—so long restrained, so intrinsi-
cally powerful, so enterprising in disposition, so re-
solute in policy, so active in movement, so
ingenious i❑ strategy—will ORIBE, at the head of a
powerful and independent race, and aided by the Dic-
tator of Buenos Ayres, refrain from that triumphal
entry into the streets of Monte Video which has so
long been the object of his endeavours, and from
which he is no more withheld by the presence of a
superior opponent? Will WALErrsai delude the
members of his Government into the belief that
ORME will wait to be deprived of this golden oppor-
tunity by the arrival of a French squadron
upon the waters of the adjacent estuary ? Can
GUIZOT be so short-sighted ? Can those who
have blundered into a pitfall of their own
digging in the Spanish capital, wilfully
plunge themselves into additional dilemmas on the
frontiers of the Argentine Republic ? Can that
trickstering diplomacy which proved futile when
opposed to the decision of a girl of seventeen hope to
acquire a predominance over the fortunes of a veteran
soldier ? Is it possible that a sword which failed to
sever the fragile reed of a distracted and doubtful
sovereignty can fell a forest of confederated republics?
Rational as these considerations may be, the ambi-
tion of LOUIS PHILIPPE and the egotism of GuizoT
are alike blind and alike insatiable.

The Emperor NicnoLks arrived at Moscow on the

14th ult., and passed the troops in review on the 16th.
He left the next day for Vosnesensk, in the govern-
ment of Odessa, where grand military manoeuvres
are to take place. At view the EMPEROR is to have
an interview with Marshal PASKEVICH, who left
Warsaw to meet him there.

1 The Session of the States of Bavaria was opened at
Munich on the 29th ult., with Prince LurrroLD as
President. The KING has chosen Prince D'CETTINGEN
WALLENSTEIN to be Second President of the Cham-
ber of Councillors, and Baron DE ROTENIIAM to be
the First, and the Count DE lIEGNENBERG-Dux to be
Second President of the Chamber of Deputies.
A letter from Hanover, of Sept. 28, states that the
Ministers of Austria and Prussia at that Court have
just given notice that the preparatory proceedings
for the Postal Congress are terminated, and that it
will open at Dresden on Oct. 15. In consequence
M. CISARLES DE FRIESLAND, Aulic Councillor, and
one of the directors of the Hanoverian Post- office, has
been appointed to proceed there.

Letters from Naples, of the 27th ult. state that it
was believed that Lord PALMERSTON had addressed
a note to the Neapolitan Government, demandirg

the execution of the guarantees stipulated in 1816 by
Great Britain in favour of Sicily. The KING WAS
said to have expressed much dissatisfaction at that
communication. On the 24th some young men
paraded the streets of Naples, crying, " Viva
Pius IX., the Constitution, and the Independence of
Italy." The authorities, alarmed by the demonstra-
tion, had adopted measures of precaution. It was
reported that the French fleet would sail on the 28th
for Toulon.

The Gazetta Privileggiata di Lucca of the 27th ult.
contains the new law on the press. It allows every
person the right of publishing his opinions, and discus-
sing the acts of the Government ; it forbids all publica-
tions contrary to the Christian religion, public morals,
and the rights of the SorEREIGN ; as also all offences
against governments, magistrates, ministers of wor-
ship, foreign princes and their representatives, and all
writings directly subversive ofpublic order or the safety
of the state. A committee of preventive censorship,
composed of three censors and two substitutes, is Esta-
blished, against whose decision an appeal may be laid
before a superior council of censorship, composed of
five members and two substitutes. The approval by
one censor establishes the right of publication.
Transgressions of the present law are punished with
fines from 25 to 200 lire, and imprisonment from a
fortnight to six months in the first instance ; for a
second transgression the amount of fine and term of
imprisonment is doubled.

A letter from Berne of the 30th ult. says—.
" The cantons of the majority are so firmly con-
vinced that our divisions rannnt C.8a90 without a
sanguinary struggle, that the three largest of Swit-
zerland, those whose military organization is the best
arranged, and whose financial arrangements are the
most considerable, Berne, Zurich, and Vaud, have
just replied to the demonstrations of the League by
military preparations proportionally formidable, and
which prove that they do not look on the decisions of
the Diet as mere child's play. That of Zurich has
called out all its militia (16,000 men); that of Vaud
(the regular army of which amounts to 18,000 men)
has not only done as much, but is organizing corps of
volunteers on the one hand, for young men of from
sixteen to twenty years of age, and on the other, for
men of from forty-five to sixty. In addition, on
Sunday next, a great civic and military fete is to take
place, intended to keep up the enthusiasm which the
energetic attitude of the Diet inspires. At Berne,
fourteen battalions of chosen infantry, each 1,200
strong, sixteen companies of carbineers, sixteen bat-
teries of artillery, six companies of horse-chasseurs,
only await the first signal of hostilities to avenge the
defeat of the free corps."

Madrid papers of the 29th ult. have been received

NARVAEZ has withdrawn his resignation, and has
been enjoined by the Minister for Foreign Affairs to
depart forthwith for Paris. The interview between

NARVAEZ and the Minister is described as having
been stormy. It is said that NARVAEZ immediately
left for Paris. It is said that a decree will shortly
appear, again authorising time bargains on the Stock
Exchange. General ALAIx has been created Duke
Of BERG ARA. SALAMANCA is, it is said, about to
summon to Madrid deputies from the different pro-
vinces, in order to come to some understanding as to
the support which he may expect in the Cortes. If
the answer of the Deputies is favourable to him, he
will at once convoke the Cortes, but if unfavourable,
the Cortes will be dissolved.
The Captain -General of Arragon has announced
to the Government the dispersion of the band of La
Ginebrosa in the Maestrazgo, with the capture of the
chief and several of his men. Several Carlist offi-
cers, many of them of high rank, have taken advan-
tage of the amnesty to return to Spain.
Senor PACHECO, the late Prime Minister, has left
Madrid for France, on his way to Rome, as Ambas-
sador. General CONCHA, the Captain-General of
Catalonia, is about to publish a bando forbidding the
shooting of those insurgents who may be taken pri-
soners, and substituting for the punishment of death
military service in the colonies for ten years.
_ _

MADRID BoLsa, SEPT. 29.—The Three per Cents.
were done at 261 for cash ; the Four per Cents., at
16l; the Five per Cents., at 17k; the Debt without
Interest, at 51 for paper; and the Coupons, at 14.
The Three per Cents. rose, after the Bourse, to 26k
for cash. .

even two-thirds of the duties in the Neapolitan tariffs
on divers French manufactures, and especially the
products of the manufacturers of Paris. These re-
ductions are now secured to us for a period of ten
years at least, without ?rejudice during that period
to a reduction of one-teeth on the duties in the tariff
as regards French products imported into the king-
dom of the Two Sicilies. At the same time that the
Cabinet of Naples wig negotiating the treaty
which contains these concessions, it was preparing
with several other pown-s, particularly England,
Austria, Russia, and the United States, treaties
which are now in executioe, and which confer upon
them, without condition of reciprocity, the natianal
treatment as regards tht rights of navigation.
Similar stipulations had been proposed to the
French negotiators, but as they did not do jus-
tice to the earnest and incessant remonstrances
of our commerce against the surcharge on the
export of Neapolitan oils in foreign ships, they
were by common accord lett out of the French treaty.
This decision, however, was not come to without re-
gret by the two Courts, and on each side the hope
was retained of being able to come to an understand-
ing as regarded the flags of the two countries. The
King's Government was in particular desirous of pro-
curing for our exporters in the ports of the kingdom
of Naples an equivalent fix the advantages enjoyed at
Marseilles by the numerom Neapolitan vessels which
enter that port. The natural opportunity of again
resuming the question presented itself after a discus-
sion which had taken place on the application of one
of the articles of the treaty. The negotiations were
therefore resumed, and his Sicilian Majesty having,
in the course of them, isseed a decree suppressing
the surcharge on the export of oils in favour of
foreign flags, the King's Government did not hesi-
tate to subscribe to the proposition for an additional
convention to the treaty of the 14th June, 1845. In
virtue of this new arrangement, all the products of
the soil and manufactures of the two countries
coming from one of them into the other, are to be
subjected there to the same duties and to enjoy the
same favour, whether imported in French or Neapo-
litan vessels; and the products which can be legally
exported or re-exported from one of the two countries
to the other, are to be subjected to the same duties
and to enjoy the same favours, whether effected by
the vessels of one country or the other. In the
second place, all French ships arriving in the port of
the Two Sicilies, and all the ships of the Two Sicilies
arriving in the French ports, will on their entries and
departures be put on the same footing as the ships of
the two nations respectively, in everything that re-
lates to navigation duties properly so called; provided
such ships come direct from one of the ports of France
into one of the ports of the Two Sicilies, or from one
rof the ports of the Two Sicilies to one of the ports of
France. Such is in substance the treaty recently
entered into between the Cabinets of Paris and
Naples. The financial measures which it necessitates
will be submitted to the approbation of the two
Chambers at the opening of the next session. The
carrying into execution of the convention of, May 12
will complete the stipulations which for two years
have formed the basis of the relations of commerce and
navigation between the two countries. By an ar-
rangement concluded between France and the Two
Sicilies on the 17th of May last, and ratified on July
19, the two Courts regulated the intervention of their
respective consuls in the disposition of the property of
deceased persons."
The Pressc publishes a letter, from Athens, dated
September 19th, from which the following is an ex
tract :

" As soon as the tomb closed on M. Coletti the no-
mination of a successor to the Presidency of the Coun-
cil became the question of the day. M. Piscatory first
presented, or at least strongly recommended, M.
Rigos Palamides to his Majesty; but not only was
the King in nowise disposed to nominate this candi-
date of the Minister of France, but the Minister of
Austria, whilst remaining united to M. Piscatory,
represented to him, and succeeded in persuading him,
that it would not be becoming that M. Rigos Palami-
des should be elevated to the Presidency, at least at
this moment. M. Prokesch declared himself in fa-
vour of M. Glarakis, already Minister of Public In-
struction and of Worship, and charged with the in-
terim of Foreign Affairs. Obliged to refrain from
insisting in favour cf M. Rigos Palamides, M. Pis-
catory desired to present Admiral Canaris, one of the
latter's friends, and he made strong representations
to the King to obtain from his Majesty his nomina-
tion to the Presidency of the Council. It was on
Friday that he made in vain the last efforts to attain
this object. He passed a great part of the day on
horseback, going from one Ministry to the other, and
from the Ministries to the Palais, where he presented
himself three or four times. At length, on Friday
evening, the King, desiring to put an end to these
struggles of foreign influences, and to intrigues, no-
minated M. Tzavellas, Minister of War, President of
the Council of Ministers."
`We take note of this statement of the correspondent
of the Presse, as it is an admission that M. PISCA-
TORT, although nominally French Ambassador, is
really French Viceroy over King OTMo—the _Mire
du Palais of the .Roi Faineant.
The Constitutionnel has a long article on the finan-
cial results of the Mediterranean Mail Packet Service.
The following statement shows how unwise it is fur
Governments to meddle with cummereial concerns.
This packet service, which in the hands of the Go-
vernment is a constant source of loss, would, if left to
private enterprise, have proved a very profitable con-
cern ; but, wherever Governments interfere in matters
of this nature, they interfere but to job, while private
enterprise, for its own profit's sake, eschews jobbery)
and secures the most efficient service possible, at the
cheapest possible rate. The Constitutionnel says—
" It is about twelve years since the service of the
Post-office packets was instituted. Our geographical
position, the influence which we ought naturally to
exercise in the Mediterranean, the multiplicity of the
relations which were sure to exist between our ports
and those of the Levant, had caused the necessity to
be felt of our participating in the movement which
was making its appearance in that sea, and to take
place, according to an expression of a committee on
the budget, amongst the nations which made that
their place of rendezvous. We arrived late, and that
was a motive to display extraordinary activity.
Every one was so well aware of the importance of the
service which it was necessary to organize that the
Government would not give up to any one the care of
directing it. This undertaking besides offered fair
chances of success. But in the hands of a Govern-
ment negligent and unskilful in business, and occupied
besides exclusively, for the last seven years, with
maintaining themselues in power, consecrating to that
great object all the administrative strength, the
chances of success were changed into a probability of
ruin, and in place of increasing profits, the accounts
of the Mediterranean packets each year present a
considerable deficit. In 1844 the expense of that
service amounted to 2,542,198 f., and the receipts to
1,274,7841., showing a deficit of 1,267,414 f. Since
that period the expense has doubled, and the receipts
have diminished. The expenses at present amount to
4,800,000 f, and the receipts are not more than
1,100,000 f. The deficit which, in 1844, was 50 per
cent., is now 75. Let it be explained to us, if that
be possible, how, after the expenses of a service have
been doubled, the receipts have been diminished
There are secrets of which the Ministry alone have
the key. It was impossible for the committees on the
budget, however indulgent they are in general found
by the Ministry, not to have made some remon-
strances relative to such waste. They did not fail to
do so, and year after year we have seen the same
complaints made, which the Ministry always receives
with resignation, quit for a laugh when the money is
voted. However, the committees have done more than
complain ; they have, in part, done the work of the
Ministers. They have sought out the causes of the
increasing decadence of our packet service, and as
the majority of the committees, quite ministerial as
they are, would not perceive the principal causes of
this falling off, namely, the impuissance and abuse of
a policy of corruption which gangrenes and paralyses
all the services, their reporter has confined himself to
pointing out certain ameliorations."
The Duke D'AUMALE left Marseilles on the 30th
for Toulon, from whence he was to embark for
Algiers on board the Labrador.
Count BRESSON has arrived at Turin, and Count
FLARAULT has left Paris for Vienna.
The 100-gun ship, the Turenne, of the port of
Rochefort, which had been designed by the Minister
of Marine to receive machinery to transform it into a
mixed vessel, is now not to receive that addition, but
the works necessary to carry it up to 22.24ths as a
sailing vessel are to be urged on with all the activity
possible. The Ulm, 100 guns, which is on the stocks
at the same port, is to receive the machinery intended
for the Turenne. The Coligny steam-frigate is to be
hastened in her construction as much as possible. The
Algerie frigate is also to be urged on rapidly, so as
to be ready for sea in the beginning of 1848. The
Constantine corvette is to be raised to 16-24ths in
place of 12-24ths. The building of the Ville de Paris,
120 guns, is to be resumed and completed as quickly
as all the means of the dockyard will permit.
The Three per Cents. closed at 75f. sc. ; the Five
per Cents., 1141. 20c. ; the Orleans Railroad Shares,
1,137 f. 50c.; Rouen, 883 f. 75c. ; Havre, 5171. 50c.;
Great Northern, 506 f. 25c.; Avignon, 512 f. .50c. ;
Vierzon, 525 f• ; Bordeaux, 4401. ; Basle 155 f. ;
Paris and Strasbourg, 3811. 25e. ; Tours and Nantes,
360 f.; Paris and Lyons, 370 f.; Lyons and Avignon,
455 f.

MARSEILLES, SEPT. 30.—Marseill and Avignon,
621 f. Northern, 522 f. 50c

LYONS, OCT. 2.—Paris and Roun, 902 f. 50c.
Avignon and Marseilles, 512 f. 50c. ; Paris and Lyons,
373 f. 75c. ; Orleans, 1,150 f.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, OcroBER. 5.
Boulogne and Aniiens,l3—Dutch Rlienish,2tA—Namur
and Liege,334 —Northern of Franco, 93.4—Orleans and nor-
deaux,:*2—Rouen and Havre, 19%--West Flanders,

MONEY and COMMERCIAL. NEWS
CITY, QUARTER TO TIII?EE.
_

_ .
The Cotton Market at Liverpool yesterday was ex-
ceedingly flat, and the sales were about 3,000 bales.
Railway Shares were heavy.
There are no arrivals in the City to-day, but the
mail steamer from the West Indies is hourly expected.
The Bank of England is understood to have been
yesterday more free in the discount of foreign bills, and
has not yet relaxed in favour of home paper. It has been
mentioned as probable that Government may authorise
the receipt of Exchequer-bills in payment of duties,
but as it is certain that with the present want of money,
a large amount would be paid in, what, we may
ask, would in such case be the position of the
National Treasury ? Would there be a funding, or is
the Bank to be again looked to for aid, when it is
obliged to half starve even its own customers? The
issue of notes can alone relieve our present necessities.
The expedients resorted to in various quarters for
raising money indicate clearly, even to a casual
observance, the way in which, like a glowing flame,
the pressure creeps on from the weak and proximate
to those considered safer by their comparative remote-
ness. The quantity of produce thrown upon the
markets has been greatly increased, and it is reckoned
extremely consolatory that sales can be made even at
reduced rates.

The Funds have again been fluctuating, but on the
whole the tone has been firmer. Consols have
realised 831 to 84fr for transfer, and 85 to 841 for ac-
count. Exchequer bills have ranged from 355. to 20s.
discount. Bank Stock is at 190. Business is not very
brisk, and the leading brokers appear to be still sellers
when a favourable opportunity occurs. The last loan
instalment becomes due in a few days.
Foreign Stocks are heavy. Spanish Five per Cent.
Bonds, 171 to 18, and the Three per Cents., 27/. Bel-
gian Four-and-a-Half per Cents., 89.
In Shares, although tbe operations are not large, there
has been an improvement,

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
3 per Cent. Consols Annuities B4ll/i 833/4 84% 84%
Long Annuities to expire J an. 1860
Ditto 30 years, Jan. 5, 1860 B3/4 83/4
Igdia Bonds, 1,0004 ...... ..
Ditto under 1,0001. . -. .. 22
Bank Stock for Account ...... ...190
Consols for Account B5 84/, 34
Exchequer Bills. 2d.
1,0001.
500/ - 2O 16 28 13 dis 12 dis
Small .... ~ 5 13 4 dis par

oNE CLOSIN ti
O'CLOCK PRICES

IMES OF FOREIGN FUNDS.
Brazilian Bonds
Danish Bonds, 1825, 3 per Cent Bl
Portuguese 5 per Cents. —
Ditto, 4 per Cent —
Ditto, Account —
Russian Bonds . ••••••
Spanish 5 per Cent. 1840.
Ditto, Account lBl4
Do., 1838-40, div. frm. May, '4l
Do 1846
Ditto, Passive
Ditto. 3 per Cent —
Ditto, Account
Dividends on the above payable in London.
Belgian 4% per Cent B9 89
PRICES OF BUSINESS DONE CLOSING
RAILWAY SHARES PAID.
AT ONE O'CLOCK. PRICES
Aberdeen
Amber., Nott., Boston,
and Eastern Junction 2%......
Ayrshire and Galloway.. 2%
Belfast & County Down 10
...... ..
Birmingham and Ox-
ford Junction
Birmingham, Wolver-
hampton, and Dudley 10 ... .. 14%
Binning., Wolverh'pton,
and Stour Va11ey..... 8 ...... --,
Birkenhead, Lancashire,
and Cheshire June.— 6% — ... —
Boston, Stamfd, & Birm. 5
Bristol and Exeter
Ditto, Thirds
Buckinghamshire Bl. 4s. —
Caledonian
Ditto, Halt Shares..... 2% 3 dis
Ditto, Clydesdale Junc 40 ......
Chester and Holyhead... 32% 17% 17%
Ditto, Preference ..... 4
Cheltenham and Oxford 2 ...... ... ...... ..
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent. lO .....
Dublin and Belfast Junc. 20
Dundalk & Enniskillen 12%
East Anglia, 251., L. &
E. and L. and D. ...... 25 ......
Do., 181., E. & H.... 18
' Do. 3/.105., E. &H. 1
Eastern Counties 2O ...... 1614,6%%...... 161/2
Ditto, Perpetual, 5 per
Cent, No. 1. 61.135. 4d...
Ditto ditto, No. 2... 61. 13s. 4d... ,A, dis x. d.
Do., York Extension.. 10 ......
Do., North. & Eastern 50 ......
Do., Quarters
Do., New
Eastern Union
Ditto, Quarter Shares 19% — -
Ditto, Thirds ... l3s. 4d — -
East Lancashire
Ditto, New
Do., do., Ext en. Scrip.. 14 - .... ....... ...
East Lincolnshire
Edinburgh and Glasgow 50 ...... 50 .... ........
Ditto Half Shares ... 15
Ditto, Quarter Shares 12% ......
Edinburgh &Northern.. 20
Ditto, New -
Ditto, Newport ..... ... 7 —
Ditto, ditto, New . .... 1% —
Edinburgh and Perth... 2 ...... ...... ..
Ditto, Extension
Exeter,Yeovil,& Dorch. 2%
Ditto, New
Glasgow, Dumfries, and
Carlisle 81.65. 8d
Glasgow, Kilmar., & Ayr 50
Ditto, New .. 35 . —
Do., Shares (5 per
cent. guar.)
Great Northern 8
Do., London and York 2%..... 1
Great South. and West.
(Ireland)
t Ne• ;hof England..loo

9%
50

,reat North of Eng,
Ditto, New 40/ 5
Ditto, New 30/ 30
Ditto, New 151 ll/2 —
Great Western B 5
Ditto, 1/2 Shares ....... . 50
Ditto, 1/.4 Shares
Ditto, tifths
Ditto, New 17/ 7
Huddersfield & Mooches. 22 ......
Ditto, Thirds .. . 7
Hull and Selby 5O .. ... 99
Ditto, Half Shares.... 25
Ditto, 1,4 Shares l2l/2 —
Ipswich & Bury St. ELm. 15
Do., do., and Norwich 12
Do., do., Extens.Scrip
(late Carnb. & Ely) 21/2
Lancaster and Carlisle... 50
Ditto, Thirds
Lancashi,, & Yorkshire 82
Ditto 4 Shares . ... 38 ...... 373/4
Do. Quarter Shares.... 141,,x
Do. Fifths 6%. ..
Do. Sixteenths 614 .... . -
Do. Thirds (Reg.)....71. 4s — -
Do. Liverp. and Bury 34 -
Ditto '4 (late Hud-
dersfield and Shelf.) 28
Do.( Wakefield, Ponte-
fract. & Goole
Do. (W. Riding Union) 4/. 2s 3 2% dis 2% dis.
Do. (Preston & Wyre) 25
Do. % Shares (A) 9
Ditto ditto (B) ... “i
Leeds and Bradford
Leeeicdess,t
Derewansdbuy, Bedford...rscc.... 317% 6s.
___—
L
' Do. Branch 12 Shares 12162..... ......... ...
Do. New Branch( blue) 2%
Do. Extension (green) 24.. ...
•-•-
Do. NewExten. (pink) 21/2 — -
Leeds and Thirak
Ditto, New
Do., Prefer., 6 per Ct. 3%.
Liverpool, Crosby, and
Southport .... .....„..• 2
Liverp., Mnchstr& New-
castle Junction 21,4....
London and Blackwall..l6/. 13s. 4d. 5 ... ....... ...
Do. New, No. 1
... — ...... - - •••
Do. New, No. 2 .. 31 l3s. 4d....
Do. Extension ls
London, Brighton, and
South Coast
Do. Consol. Eighths.. 20 -

161 A
22;!,
8

111,4
81%
37,,,

421 A

814
49

...
Do. Guarani. 5 per ct.. 9
Do. Pref. Con. 5 per ct. 50
London and Greenwich 121 15s 4d... 8:/a
..
...
LoDnditotno,ls 2
andPrefNer.elnycees.t.e.rlnB/i00175.2d
Do., Quarters L. & B. 17
Do., no., New - 2 —
....
Ditto Fifths
.. -.
-
Do. 40/. (M. & B.) ... 40 5Bl/2 57%
Dpoo. 440/.SShliaarreess(fLG..ll3-11)) 2015
Do. 10/. (M' & B.) A. 5
Do. 10/. (M. & B.) B. 5
London,/.
Cheltenham
66xlic,rdB, •)anCci 1
2 .. ... ... ....... .
__
Lond. & S.Western ...41/. 6i. 8d... 561/2 551/2 56
.. 37
Do. New Consol. Bttis 40
••• ..........
Do. New 50/. ...
.. _ ..
...
Do. New 401. 26
... . -... ....
...
..... ~
Do. Tenths (Consol.) 50 ......... --
Ditto ditto .......
Ditto, Thirds .......... •••
6/. 13s. 4d..... 1 di 5.... 1 die.
London, Salisbury, and .
Yeovil
Londonderry &C deraino 25
Londonderry and Ennis- .....
.
-
killf.n
Man:thexter,Bur..ton,and -
Matlock... .. 1
...... - 3 1
• •••
Manchester, Sheffield,
and Lincolnshire ...... 100
Do. Quarters (No. 1) 13
Ditto ditto (No. 2)... 95
Ditto ditto (No. 3)... 7!‘.): — _
Ditto and Grimsby.... 25
Ditto ditto . ... ••••• 7
Ditto ditto
Dittoo Sheffield kind
Lincolnshire 7l/2 —
.... I
Manche it. & Southampt• */•••••• ~