The Sun.
London, England, 1848-12-28 00:00:00

Y EVENING, DECEMBER 28, 1848

The funds improved on the Paris Bourse yesterday,
)ut the rise in price was in some degree checked by
:he prevailing opinion that the Cabinet must submit
:o modifications at an early day.

BUSINESS DONE IN FOREIGN RAILWAYS AT ME
LONDON STOCK-EXCHANGE, Dec. 27.
Boulogne and Amiens, 8 Ai—Luxembourg (10/.), 21,i—
Orleans and Bordeaux, 23/4—Paris and Rotten, 183
Sambre and Meuse, 33%—Tours and Nantes, 1%.

Bank Stock .

3 per Cent. Reduced Annuities 8831 % 89
New 31,,4 per Cant. Aims 891,44%
India Stock —
Do. Bonds, 1000/ 37 40 p
Consols for Account
ti;x.chequer Bills. 2%d. 2d.
March. June.
1,0001.
,--)001.
Small 43 39 p 42 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Mexican Bonds, 1846, 5 per Cent 243/4%
Peruvian Bonds, 6 per Cent 44% 45
Portuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Spanish Bonds, 5 per Cent,1840
Spanish Bonds, 3 per Cent 28% 28 28%
Venezuela Bonds
Dividends on the above payable in London.
Dutch 2% per Cent.,l2 Guild —
Ditto 4 Der Cent. Certificates
BITSINESS DONE IN RAILWAY SHAREg AT ONE O'CLOCK
RAILWAYS. PAID. Pia SHARE.
&berdeen
A rnbtr., Notting., Boston, &c 4l/4 — to
kyrshire and Galloway
Belfast and County Down .. 19 .. ..
4irmingnam E.; Oxford Janet.,
calls duly pd, or with guar. 20
Do., without a guarantee... 20 ... . .. to —..
Birmingham, Wol., & Dudley,
calla duly pd, or with guar. 10 .....
Do., without a guarantee... 10
Birrzing., Wol., & Stour Val. 13/.145.... to
Uirkenhead, Lancashire, and
Cheshire Junction

305i.):2, Stamf., & Birming... 5
3thitol end Exeter
Do~ Thirds
Buckinghamshire..- l4/. 4s — ...... to
Caledonian 5O ' .. .. 22 .. to 21%
Ditto, Ilalf Shares ' 8'1i1•• ••• 1% to
Ditto, New 10/. Prefereneel 7%, 7 7ii:4... to
Ditto. Clydesdale Junction 50
~.;hester and Holyhead... 50 ..... 20
Ditto, Preference
..
i ,larence.
Do., Ist Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do.. Gov. Loan, 4 per Cent. 10
Direct London & Portsmouth 51,4 —
Dabliu and Belfast Junction.. 35
Dundalk and Enniskillen ... 20
East Anglia, 25/. L. & E.,
aad L. & D. . . 25
Ditto, 181., E. &11 lB
Ditto, 31. 10s., E. & H... 3 % 2V4,.. to
Eastern Counties - to 12
Do.NOW Guarant. 6 per Ct
Do. Perpet.,s perct.No. 1,61. 130. 4d... Ai p to
Do., do .N 0.9,6/. 13s. 4d...
Do., Northern & Eastern... 50
Do., 5 per cent. ... 50
Do., Quarter l2l/2... ..
Do., New
Eastern Union, Class A (late
E. U. Shares) ... .. 25
Ditto, ditto, Class A, ditto 1
Ditto, do, Class B (I. & B) 2(1 -
Ditto, do, Class C, ditto... 20
Ditto Scrip (gua. 6 per ct.) 10
Ditto, ditto ......... ...-.... 20 ...... „.. - to
-
Ditto (C. & E.), 5 per ct. 2% —to
East Lancashire
Ditto. New
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Share 4 6 4......
East Lincolnshire ... 25 ...... 26% to
Edinburgh and Glasgow
Ditto, Half Shares
Edinburgh and Northern ... 25
Ditto, New port l5
Exeter, Yeovil, & Dorchester 2% —
Glasg., Dumfries, & Carlisle..Bl. 6..8d... ..... to
Glasgow, Kilmarnock, & Ayr 50 ..,,,~
Do. Preference Consolidated ...... -
Great Northern
Do. % A Deferred .•...... 121/
Do. %B 6 per Cent.Guar. 6% 414 to
Do. Extension ... -t,.. ...
Gt. South. & West. (Ireland) 42% —
..... to
Great North of England 100
...... to
Ditto, New 40/ 4O
to
Ditto, ditto .... ........... 25
Ditto, Now 301
Ditto, New.ls/......
... ...... 14 ......
Great Western.
Ditto, Half Shares
Ditto, Quarter Shares
..• .. to
Ditto, }lithe
Do. New 17l
Huddersfield and Manchester 30 .. ...
Ditto, Thirds lO
Hull and Selby 5O
Ditto, Half Shares .. ...... 25
Ditto, Quarter Shares - 12% — to
Lancaster and Carlisle.... ... 50
Do., Thirds.
Lancashire and Yorkshire ... 93
Ditto, ditto
Ditto Half Shares .. - 43
Ditto Quarters
Ditto Fifths
Ditto Sixteenths ... ... 614 — .... to
Ditto Thirds (Reg.)
Do., New Guar. 6 per cent. 7% —
...... to
Do. Liverpool and Bury.... 43 -• ... to
Do. (Huddera. and Shell.) 43 -
.•. to —.
Do., Wakefield, Pontefract,
and Goole
Do., West Riding Union-. 7 .... • 1% ..... to
Do., Preston and Wyre ... 25
Do., d0.,-Half Shares (A) 9% — ...... to
Leeda and Bradford 5O ~ -• 981/2 ...
Leeds,l)ewsbury,& Munches. 50
--- ...... to -...
Do., Half Shares
Ditto, Blue (scrip) .. 2%
Leeds and Thirsk .........
Ditto, New -35 - •••• ...... to
Do., do., Prefer., 6 per Cent. 3%. „„.„
...... to wLiverpool. Crosby, and South-
port. ....
3% - •• .. to •-•
Liverpool, Manchester, and
..
Newcastle J unction. ...... ... 2% —
... to
London & Blackwall ......131. Gs. 8d 5 . ...... to
Do. Extension
„...„ to_..
Lond., Bright., & South Coast 50 ...... 31% ...... to
De. Guaranteed 5 per Cent. 9 . 9 ...... to 9%
De. Prof. Coma 5 per Cent. 50
....., _ . to -
Ditto, ditto 1852 50 ..... ...
....... to
Do., New, guar. 6 per cent. 5 ....
...... to
I.ondon and Greenwich... 12/.155. 4d...
.. to
Ditto Preference
to —_
London & North Wea..,rn 100 123 124.,, to 123
Do. Quartets (L. and 11.) 22
...... to --
Da. New
Do. Fitt fis
Do. 40.. Shares.— L. &31 25 ...... ..... to --
Do. 10/.... M. and B. (A.) 9 .... .
...... to
Do. 101. .. 31. and B. (13.) 9 -.
.... . to
Do. 10/. ... M. and B. (C.) 1
London and S. Airestcra....... 50 ..
Ditto, New 504-- - ..... 42% —
...... to
Ditto, New 40/.... ...... .. •. 34
Do. Tenths (Consolidated) 50
Do. Tenths (Consolidated) 40 ... ..... to
Ditto, Thirds l3/. 6s. 8d ... 4% dis. to -.
Do., New Scrip, 1848, Pref. 1
7 per Ct. on Deposit and
5 per Ct. on Calls ...... .. 5 . ... -- ..... to 1
London, Salisbury, & Yeovil 1% — to -- I
Londonderry and Coleraine... 28 i 3........,

MONEY and COMMERCIAL NEWS.
C/TY, QUARTER TO THREE.
The sales of Cotton nt Liverpool yesterday were esti-
mated at 4,000 bales, including 3,300 American, at Sid.
to 61r1.; 150 Pernains at -IV. to 51d.; and 250 Surats at
3d. to 31d. The market closed quietly, but with steadi-
ness. Railway Shares were in moderate request, but at
the close receded a little.
Cape of Good Hope advises to the end of October
state, that the colony enjoyed most perfect tranquillity.
After an absence of eighty-three days, Sir Harry Smith
had returned to Cape Town, having entirely and satis-
factorily arranged the affairs of the frontier, and placed
them upon a basis which was likely to ensure future
prosperity and good government. The farmers
were again following their usual avocations.
At Natal there were land plots advertised
for sale on behalf of the Government at the prices of
4s. and ss. per acre. Some interesting changes in the
government of the Cape, and notably the recognition of
the principle of legislative representation, were likely
to he supported by the new Governor.
The commercial accounts from France are much more
favourable within the last few days, and confidence
is reviving, particularly in the silk manufacturing
districts.
Although an " Equitable Adjustment of the National
Debt" is a thing easier imagined than accomplished,
there are few doubts as to " Financial Reform" being
imperative, and accordingly we may give some remarks
from a statement now circulating, though without signa-
ture. The ariter maintains that—
" The present Board of Commissioners for the Re-
duction of the National Debt, with such additions as
might be deemed requisite, are obviously the proper
medium. Let, then, their officers, or agents, purchase
in the market Consols or other Stock, and re-issue them
in the shape of Terminable Annuities. Thus taking
Consols at 901., the Board would purchase them at that
price, and re-issue the 1001. Stock so purchased as an
annuity of 31., for, say, thirty to thirty-three years,
or oven more. Suppose they were even re-issued at
forty or sixty years' purchase, it is obvious that
the public would be the gainers, because for every 1001.
so converted, a certainty of getting ultimately rid of it
would exist, whereas under the present system it re-
mains an eternal and almost intolerable burden.
" The annual amount of taxes collected may be
estimated at near fifty millions. Now, though
this amount is virtually mortgaged in anticipa-
tion, there is no doubt that arrangements might
easily be made for the passing of a portion of
this through the Board before adverted to, and it
is calculated that from ten to twenty millions per annum
of fixed Stock, at the least, might be gradually con-
verted into terminable annuities, in the mode before
mentioned, without, it is apprehended, the monetary
affairs of the country being in the least degree deranged;
and the newly-created annuities would become just as
much the subject of commercial transactions as lease-
hold property which has thirty or forty years to run.
"had such a principle been adopted at the termina-
tion of the war in 1815, and only fifteen millions per
annum been so converted, 500,000/. of taxes would now
be annually remitted, so that in eight or ten years hence,
or less, a gross sum of near thirty millions of taxes
would come off, exclusive of future reductions."
The duty on Foreign Wheat is higher, being Bs.
The Funds are very firm to-day. Consols 881 to 88k,
and New Three-and-a-Quarter per Cents. 89i to 89k.
Bank Stock is about 189 to 191. Exchequer-bills are
395. to 425. premium. The market is extremely quiet.
In the Foreign Market Spanish Active Bonds are 14i
to 14.1, the Three per Cents. 28 to 28k, and Portuguese
Four per Cents. 26 to 26i; Brazil Stock is 75 to 75i
Dutch Four per Cents. are 741 to 75.
Railway Shares are generally in fair request, withou
any decided movement in prices.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
189

Lentloralerry and Enniskillen 271/2 ..... to
L..-.vestott (guar. 4 per cent.) 20
Ditto (guar. 6 per cent. ... 13 ......
Mach. Buxton. l&~
Matlock 4
Manclir, Sheffield, and Linc.100
Ditto iy..i Shares(No. 1) ... 18
Ditto, ditty, (No. 2) 25
Ditto, I,f, Shares (No. 3)... 11% —
De., New 10.. Preference.. 10 ..... ... . to
Ditto Grimsby.
Ditto, ditto.
Ditto, ditto ..
Ditto Sheffield and Line. 15 ......
Ditto, Grimsby Dock 2O
Ditto, Man. & Lin. Union 41. 25....
li.lidland. . lr=o ...... 84
Ditto, Consol. Preterence...loo -to
Ditto, 150/. Shares-- ...... 20
NI 1, l i mud, 13irti.., simi Derby...100
Midland, Consol. Bristol and
Binning-barn, 6 per cert.... 100 -
„I,lidland, Bristol and Glouc. 38 .....
Ditto ditto 141. 185...
Midland, Leiees. arid Swan-
nington (8 per ct.gua.)....101 .... .
2iidld. Great Western (Irish) 45 •
18.,1 to
Aiiddlesbro' and Recicar. 8
per cent. guar.
Newcaltle and Carlisle lOO .....
Ditto Quarter Shares , .... 25 ... ..
Newmarket .. ... ..• 20 -
Ditto Extension Scrip... 23. '2s. —
Newport Abergy.. andll eret. G
Newry and Enniskillen ...... i
Newry, Warrenpoint, and
Rostrevor
Norfolk' 1 WI
Ditto New 20/. l5
Ditto Guaranteed 5 per et. 20
Do. Do. 51/2 per cent
Do. do. Waveney Valley... 2 ......
Northern Counties Union ... 4
North British
Ditto Half 5hare5...—...... 121/2 — ...... to
Do. Quarters OA 33.. to
Ditto. Extension
Ditto Thirds .... ........ —.... 8 4 ...... 4% 1, to
North and South-Western... 2
North Staffordshire—. .. ...... 15
North Wales
North Western to
Oxford, Worcester, and Wol-
verhampton -
Reading,Guildfd., & Reigate 10 ...... 10% JA
Royston and liitchin ..... .. 2 ......
Scottish Central
to
Scottish Midland ... ........ .... '25 ...... ... to
Ditto, New l7l/2 to
Sheffield, Rotherham, and
Goole lO
Do. do. (South Div.) 4 ..„.„
Shrewsbury and Binningkana 9
Ditto, ditto, Class B. 5
..... to
Ditto, New Guaranteed 6 -
Shrewsbury and Hereford .. 2 - ..• .. LO
:•,hrewebury and Chester
(Nor. W. .iin.)
Ditto Halves. Ditto... 8 %...
Ditto, Oswestry 173/4 ...... -
Ditto „New)... -
Ditto S per Cent. Pref.....,. 10
Shropshire Union 4 ..• .• .... to
South Devon ..
..... to
Ditto, Preference
outh Staffordshire.—. 6% — .. to
South Eastern
Ditto, No. 1.
Ditto, No. 2
' Ditto No. 3.
..... to
Ditto New, No. 4. Thirds 10
South Wales
South Yorkshire, Doncaster
and Goole 5 - ...... to
Swans. and Loughor and Ca-
meron's Sten. Coal ... . 6
Taw Vale Extension
Thames Haven Dock and
Railway 17% -
Vale of Neath
Waterford and Kilkenny l71/2 —
Waterford and Limerick..... 47;5.....
Waterford, Wexford, Wicklw,
and Dnbiin -
Wear Valley 6 per Cent.
Guaranteed
Do. do. do.
Do. do. do. ..... .. 10 ... . -
West Cornwall
West L0nd0n....
Ditto, First Class ..... 20
...... to
Ditto, Second Class 2O „.... . to
.....
Whitehaven and Furness l4
... .. ..... to Windsor, --
Staines, and South
Western
Wilts,Somerset,&Weyrnouth 40 ...... ..
York, Newcastle, and Berwick 25
Do. Original New &IBer ck 25
Do. Exton. No.l (Y. & N.) 15
Do. do. No. 2, New &'B. 15 -
Do. G. N. E. Pur. or Pref. 8
York and North-Midland .. 50 .....
Ditto, Preference
Ditto East and West Riding
Extension - ...... to
FOREIGN RAILWAYS.
Anglo Italian (late Italian
and Austrian
Boulogne and Amiens 2O ...... 6%1A... to
Central of France ( Orleans
and Vierzon) ....
Ceylon ...... -
Demerara.
Dendre Valley
to
Direct Bombay and Madras ss.
.. .. .... to
Datch Rhenish 7% — ...... to
East Indian
Great Indian Peninsular /A
Louvain ala Sambre „....... 71A-1 — ...... to .--
Luxembourg
Ditto
Mac: :' rid and Valentia
Namur and Liege......... ..... 20
Northern of France.. l`2 ...... 81,41/8 to
Orleans and Bordeaux:,.... .. 7
Pare: and Lyons , .. 11
Do. L'o.
Paris and Urleans..
Paris and Rcuen ..: ..... ....... 20 -
Paris & Strasbour !.; .... ..... 9
Ronan and Havre 2O
Sambre and Meuse
Strasburg and Bale l4
Tours & Nantes ... .. ...... .. 9
Tournay, Jurbise, Landen,
and Hasselt ..
West Flanders B:3/4 — to

JOINT STOCK ..t ANKS. _
Australasia -
Britith North American .... 50 ' —
Colonial . ... .....
Commercial of London 2O —
London Joint Stock ..... ..... 10
London and Westminster... 20 .....
National Provincial of Enid. 85
Ditto'
New
National of Ireland ...... 22% — .... to
Provincial of Ireland
Ditto, New ...........•.. lO .....
Union of Australia
Ditto, New 2% --to
Union of London ... 10
Union of Madrid
MINES.
Anglo slexican lOO ...... -- ...... to
Asturian Blining Company 14
...... ..... to
Australian
Blaenarron Iron and Coal ... g 0
Bolahos Scrip ..................
British trop . ................... 12
Brazilian Imperial ..... . ... 24%
Ditto Cocaes and Cuiaba... 30 - to
Ditto St. John Def Rey ... 15 -
Cobre Copper
....... 40
General Mining
....... .....
Real del Monte, Unregistered ... ..
Do. Black Debentures —
D. Red Debentures ...
Santiago de Cuba. lO . — ... .. to
United Alexican

ILLOYD'S SHIPPING.—(THIS DAY,)
LONDON, DEc. 28.—Wind this day at noon, N.N.E.,
light breeze and fine ; greatest pressure of wind, since
yesterday at noon, 5i lbs. Barometer 30.11, thermo-
meter, 43.
STATE OF WIND AND WEATHER, AT THE PROVINCIAL
PORTS THIS MORNING, AT 9 A.M.
Colchester N. E., cloudy.
Glasgow
Gloucester,
Gosport S.E., cloudy.
Hull
Leith S.E., fine.
Lowestoffe
Newcastle S.W. by W., fine.
Portsmouth ....,....
Southampton Variable, cloudy.
Yarmouth N.E., cloudy.
MARYPORT, DEC. 26.—The Collier, from Dumfries to
this port, came to anchor yesterday, and goon after
sprang a leak, which increased so fast, that • the crew
left her ; this morning a great part of her hull is floating
in the offing.
DONEGAL, DEC. 24.—SId. Lincoln, New York.
WARRENPOINT, DEC. 26.—The Lady of the Isles, on
shore in Ballagum Point 24th inst., has been got off and
brought in here a derelict.
DUNDALK, DEC. 25.—The Favourite, London to
Newry, came on shore last night; should a change in
the weather occur, she will probably get off without
discharging.
Conic, LEc. 25.—The Vigilant, for Barbadoes, and
the Laetitia, Heyn, from Liverpool to New Orleans,
have put back, having been in contact, the former with
loss if bowsprit, head, &c., and the latter leaky.
TOBERMORY, DEC. 22.—The Joseph Hume, of Liver-
pool, from Limerick to Bristol, which put in here 16th
inst., having grounded on a sunken rock; must discharge.
BANFF, DEc. 25.—The Pursuit, Newcastle to Yar-
mouth, sprung a leak 22d inst. and sank; crew saved.
The Juliet, of Belfast, got waterlogged after the gale of
the 15th inst., and was abandoned on the 17th; crew
saved.
POOLE, DEC. 26.—Arrd. Nelson packet, Lane, New-
foundland.
DEAL, DEC. 27.—Wind W.—Arrd. India, Campbell,
China; William Wilson, Howes, ditto; Caroline,
Hughes, Calcutta; Royal Albert, Scanlon, ditto; Swit-
zerland, Fletcher, New York. Arrd from the River
27th, Chasely, Aldrich, Moreton Bay; Standerings,
Launceston; Halifax, Wright, Capo and Mauritius;
Mary Queen of Scots, Wilcox, Pernambuco; Cecrops,
Prisman, Hamburgh ; St. George, Romanus, Rio
Janeiro; Euxine, Livingstone, New Orleans; Wallace,
Livingstone, ditto; Plicenix, Mickle, Savannah ; Pro-
tector, Sewell, Newport and St. Vincent. Sld. York-
town, Sebor, Now York.
LIVERPOOL, DEC. 27.—Wind N.W.—Arrd. Linton,
Rigg, Calcutta; Forest King, Chase, New Orleans;
Niobe, Thomas, ditto; Susquehannah, Philadelphia;
Hottinguer, Binsley, New York. Sld. 25th, Jane, Hub-
bard, Philadelphia. The Newton, from Cronstadt, in
beating up last night, missed stays, and went on shore at
Waterloo; she fills with the tide. Ofd port, Frederick,
Quebec; Lustre, United Kingdom, Colonist.
iiPAnsTow DEC. 26.—The Glynne, of and from
cheater to London, in entering the harbour struck 04