The Sun.
London, England, 1846-10-09 00:00:00

;o-

" If these facts be true, and we have too much reason
to believe that they are, are we to be astonished at the
bitter fruits produced by a policy at once perfidious and
pusillanimous ? Will it now be said that the revolu-
tion is to be blamed if France has no more allies in
Europe ?"
The French Government, without waiting for the
ratification of the treaty of commerce with Russia by
the Chambers; without waiting to see whether,
before that ratification, any advantages will be con-
ceded to French vessels entering Russian ports, has
taken upon itself, not by ordonnance, but simply
by a letter directed to the officers of the Customs, to
at once admit Russian vessels and cargoes on the most
favourable terms.

The Presse, in speaking of the treaty having ex-
pressed a hope that the advantages conceded to Rus-
sian vessels in French ports will be granted to French
vessels in the ports of Russia, the Univers says—
"The Presse whose sympaties in favour of Russia are
well known, does not inform us whether the borderies of
the Cabinet of London have contributed to hasten this
arrangement, but the terms in which it ex-
presses itself give reason .to fear that this is
the case. The Grand polzteque has perhaps fund
in this treaty a new ves:ation for Lord Pal-
merston. It is not yet rectified, and we are never-
theless told that already the Director-General of the
Customs has given orders for Russian vessels being from
this moment treated in our ports as the vessels of our
own nation. Has not France in order to obtain
the conclusion of this treaty, too hastily dispensed with
certain obstacles, in abandoning pretensions which she
had hitherto maintained ? We can coeceive that the
Autocrat, notwithstanding the eager condescension of
our Government, would wait for the ratification of the
treaty before he permitted our vessels to enjoy the favours
which from this moment we grant to the vessels of Russia;
but the Presse dots not say whether these privileges
are to be reciprocal e:ren after ratification ; ft merely
hopes so. We hope, says the Presse, ' that the same
favour will be granted to our vessels.' The expression,
it must be admitted, is rather strange in a journal which
defends with so much energy the rights of our commerce
in the relations with England. If the question was a
thhop woulde
commercial treaty concluded with the Cabinet of London,
o frceiproFity would not satisfy the Presse,
which not
ic fail to demand explanations from the
Journal des Debuts. In our turn we entreat the Presse
to explain the modest language that it uses as regards
Russia. Its hopes are nu
"t of a nature to tranquillise
our commercial interests.

--TheCO;stitutionnel, while stating its approval of
the treaty, condemns the Ministry for acting con-
trary to law. It says—
"We do not attack the treaty in itself; we are even dis •
posed to approve of the general spirit which has dictated
it, whilst regretting that it is applicable only to the navi-
gation between our ports of the Atlantic and the Chan-
nel, and the Russian ports of the Baltic ; but we demand
in virtue of what law the Government executes the stipu-
lations of this treaty ? There is a law of 1614, which
concedes to the Government the faculty of modifying cer-
tain customs' tariffs within certain limits when the Cham-
bers are not sittkg, on condition, however, of submitting
these modifications to the legislative sanction in the
beginning of the following session ; but this law,
which accords to the Government an exceptional power,
which it has used too frequently, does not relate in any
manner to tonnage or navigation dues. It is inappli-
cable to the present circumstance, and we are not aware
that there has been any intention to appeal to it. Where,
then, does the Ministry find out the right which it now
arrogates to itself? Apparently in this pretension—that
treaties when signed have no need to wait for the legislative
sanction. We thought that this question had been de-
finitively resolved in 1826. The matter related to a
similar treaty passed between France and England; the
discussion was a long one, and Messrs. Cassimir Nocier,
Sebastiani, Royer-Collard, and Humana spoke against
Messrs. e Vil:file and Syieys de Mayrinhac. The
question was eventually decided by a law in favour of
the power of Parliament."
According to the Courrier Francais, it was re-
ported at Malaga that ABB-EL-KADER had dethroned
the Emperor of MOROCCO.
A copy of the second protest presented by Mr.
BULWER to the Spanish Cabinet was delivered to M.
GUIzOT on Monday, by the Marquis of NORMANDY.
A letter from Toulon, of the 2d, says—
" The Turkish fleet, under the orders of the Grand
Capitan, was on the 10th of September in the port of
Saloniki, which it was to leave on an early day. No
news had been received of its ulterior movements, but,
according to news received at Malta, an expedition
against Tunis was more than ever considered probable.
The English Ambassador at Constantinople being per-
suaded, notwithstanding the assurances of the Porte,
that a serious enterprise was really intended, and for
which Austria and Russia had promised their aid,
directed the Governor of Malta to send, without delay, to
' Tripoli, of Barbary, several officers, for the purpose of a
certaining if preparations were really being made for an
expedition by land also against Tunis. In consequence, the
Ilecla steamer,
scarcely arrived two days from Tripoli,
with dispatches from the British Consul, again left on the
18th of September for that port, having on board Captain
Tidy, of the staff of the garrison, and Captain Rullo, of
the 42d. This steamer returned to Malta on the 21st,
but did not bring back the two officers. That circum-
stance leads to the supposition that their stay at Tripoli
was deemed necessary, But did they remain really to
watch the preparations of the Porte against Tunis, as
the Malta journals declare? Time must resolve that
question." _

COIIRS AUTHENTIQUE, PARIS, OCT. 6.—French Five per
Cents., 1171. 75c. 70c. 7ir, 80c. 75c. 70c. 75c. 117 f. 70c. 65c.
three per Cents., 82f. 75c. 70c. 75c. 70c. 65c. Bank of
'rance, 3,485 f. Neapolitan (Rothschild's), 1021. Romans'
1023/4f. Belgian Fin per Cents., 180, 100 f. Ditto, 1842

1021/2f. Spanish Three per Cents., 381. Exchange on Lon-
don—one month—paper, 25f. 72%c. ; money, 25f. 70c. ; three
months, paper, 25f. 5'71/2c. ; money, 25f. 55c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, °mama 7.
Boulogne and Amiens, 14% —Dutch Rhenish, 4 %—East Indian, %
—ltalian and Austrian, 1% _Luxembourg,
1% —Namur and Liege
1 —.Northern of France Constituted, 13%—Orleans and Vierzon'
14% —Paris and Lyons Constituted, 514—Paris and Strasbourg
Constituted, 414—West Flanders, 3%.

MONEY and COMMERCIAL NEWS.
(From The Sun of Last Night.)
The sales of Cotton at Liverpool yesterday were from
7,000 to 8,000 bales, of which 1,500 bales were taken in
on speculation, principally of middling qualities of
American. For Egyptian and Surats, decidedly full
prices have been paid. The tenor of the accounts from
the United States favour the movements of the specu-
lators.
By the last accounts received from Canada, we are
happy to observe that the directors of the St. Lawrence
and Atlantic Railroad have resolved upon commencing
that important work, and proceeding with it through the
eastern township, without present reference either to
the general body of scripholders in London, or
to Americans. We have no doubt that, by pursuing this
course, they will ultimately procure ready subscriptions
in England, to complete it to the Province line, or as far
towards it as would be necessary for a purely Canadian
enterprise. There is no question that will be of great
advantage to Montreal, and as the first sections which
are proposed to be completed and at once opened to the
public will command a large traffic, the attention of ca-
pitalists will be effectually attracted.
With respect to the cotton crop of the United States
we are thus advised by the latest arrival:—
" NNW ORLEANS COTTON TRADE, 1845 AND 1846.
The season commencing on the Ist of September last
may be said to have opened under highly flattering
prospects for ready sales, at fair prices—a position of the
market in favourable contrast with the gloomy features
which characterised the advent of the previous year. This
cheering promise was derived from a view of the un-
paralleled degree of activity which prevailed in the ma-
nufactures both of Europe and this country, and bright
anticipations were very generally entertained, notwith-
standing the early impression which prevailed that the
crop would prove a large one. As the season advanced,
however, its progress demonstrated a very material
failing off in the amount of production, as compared
with the previous year—a circumstance which would
unquestionably have led to an important enhancement
of prices under a continuance of the favourable lea-
Wres which marked the opening of the commercial

year."
The Consol Market is very steady to-day. The price
for the Account is 95k, and 95i for Money; Exchequer-
bills command 19s. premium; and East India Bonds are
at 28s. premium.
The Foreign Funds are in but limited request; indeed
not more than five quotations are officially given to-day.
They are these—Spanish for the Account 26i ; the
Three per Cents. 374 4; Belgian Four-and-a-Half 974- ;
and the Four per Cent. Certificates 92k.
The demand for Railway Shares continues very dull.

01M
PRICES OF BRITISH FUNDS. O'CLOCK.
3 per Cent. Consols Annuities 9596 1/214 1/2
3 per Cent. Annuities, 1726 95
India Bonds, 1,0001
Ditto under 1,0001... .. 28 p 28 p
Consols for Account-- ...... ....... 95% 951/2
Exchequer Bills, 1,0001., ... 18 15 19 pm. 19
Ditto 5001.
Ditto Small

CLOSING
PRICES.
951,2
95

°YE
O'CLOCK

PRICES OF FOREIGN FUNDS.
Brazilian Bonds
Ditto, Account .
Granada Bonds, 1 per Cent.
Ditto, Deferred
Mexican, 5 per Cent. 1846
Ditto, Account ..
Ditto Small
Spanish 5 per Cent. 1840.
Ditto, Account .267i
Ditto. 3 per Cent
Ditto, Account 37%%3
Dividends on the above payable in London.
Belgian 41A per Cant 971,E
Dutch, 21,6 per Cent .
Ditto, 4 per Cent. Certificates 92%

PRICES or PAID. BUSINESS DONE CLOSING
IsAILWAY SIIARES AT ONE O'CLOCK. PRICES.
Aberdeen
Amber., Nott., Boston,
and Eastern Junction 2%...... 21/4
Armagh, Coleraine, and
Portrush l%
Aylesbury and Thame.. 1%
Belfast & County Down 4%
Birmin. and Gloucester. 100 l2B 127
Ditto New 17%
Birmingham and Ox-
ford Junction
...,
Birkenhead, Lancashire,
and Cheshire June.— VA ,
Boston, Stamfd, & Birm. 225. —
Bristol and Exeter 75
Ditto, New
Bristol and Gloucester... 30 ~„.... „,
Bristol and Liver. June . 2%......
Buckinghamshire
Caledonian
Ditto Half Shares...... 214 — ••• ••••

,-. 20%

Ditto Extension .: 21,4 —
Cambrian & Grand June 42s —
Cambridge_ and Oxford.. 1% —
Central Kent 2l/a
Chester and Holyhead... 27%
Churnet and Blythe
Chester and Manchester 425. —
Cheltenham and Oxford 2
Clydesdale Junction ..... 20
Cork, Blackrock, and
Passages
Cork and Killarney ... 2%
Cork and Waterford ... 1% —
Cornwall
Ditto, Half Shares ... 2%••••••
Cornwall & Cent'lDevon 2% —
I)erby and Crewe ...... ... 2% —
Direct Lincoln, East Ret-
ford, and Sheffd. June. 2% —
Direct Manchester
(Remington's)
Ditto (Rastrick's) 54 • ....• ...
Direct Northern
Direct Norwich
Dublin and BelfastJunc. 10
Dublin, Belfast, and
Coleraine
Dublin and Galway..... 4
Dundalk & Enniskillen 7% —
Eastern Counties 141.16 s 21%1/2
Ditto New l2l. 16s. 64 p
Ditto Perpetual, 5 per
Cent, No. 1. 61.135. 4d.... ••••
Ditto ditto. No. 2... 61. 13s. 4d...
Do., York Extension.. 105....... 131,
EastDereh'in andNoech 1
Eastern Union
Ditto, Quarter Shares 83/4 • —
Do. Exten.(llarwich) 1% —
Do., Camb. and Ely.. 2%......
East Lancashire
Ditto, New
East Lincolnshire
East & West of England 1%......
Edinburgh and Glasgow 50 ....• • ... . .
Ditto Half Shares ... 10
Ditto, Quarter Shares 121/
Edinburgh & Northern.. 10
Edinburgh and Perth... 3 ...... ......
Ely and Huntingdon ... 7% —
Enniskillen and Sligo ... 2% —
14:xeter,Yeovil,& Dorset 514 —
Glasgow, Kilmar., & Ayr 50
Ditto, New .. 15 . — •••.......
Do., 14 Shares (5 per
cent. guar.)
Glouc.,Abei ystwith, and
Central of Wales 1%...... ••••••• •••
Goole, Doncaster, Ste.
Grand Union (Notting-
and Lynn
Great Eastern &Western 2 %-•• • ••
GreatGrimsby and Shef-
field
Great South. and West

(Ireland)
Great Munster 2% ......
Great North of Scotland 2%...... ••••••••••
Great North of England 100
Ditto New
Ditto, New . ls
Ditto, New
Great Western 85
Ditto % Shares .. 50
Ditto 4 Shares lO —
Ditto Fifths 2O —
Ditto, New
Harwich and Eastern
Counties Junction ... 2 ......
Hull and Selby 5O .....
Ditto % Shares
Do. Half Shares 25
Ipswich & Bury St. Edm. 11%......
Do., do, and Norwich VA.--
Killarney Junctions ll/4
Kendal and Windermere 1',4 —
Lancaster and Carlisle... 45
Do. New
Lame, Belfast, and Bal-
lymena
Leeds and Bradford 3O
Leeds and Carlisle
Leicester & Birmingham 225. — ...
Leicester and Bedfird... 225....... %% dis l/2 dis.
Leeds and Dewsbury ... 22%
Lpool., Mnchstr & New
castle Junction
Liverpool and Bury
London and Blackwall. 16/. 135.4 d. 9
Do. New
Ditto Extension ~ 7%...... .. ........ ...
London and Brighton 5O .. ... 58
Ditto, Fifths
London and Croydon, 13/. 15s. 9d. 211/4
Do. Guaran. 5 per cent. 9 - ••• •• •• ..•••
Loudon and Greenwich 12115 s 4d —
Do. Preference ...18117s 2d —
...
London, Hounslow, and
Western
London and N. Westernloo 194
Do. Quarters
Do., do., New Shares.. 2
Ditto Fifths
Ditto, Eighths (G. J.) 12% —
Do., New 14 Shares

.. ' 58

~ 74

(G. J.) •
Do 40/.Shares(L.M.) 8.............
Lon€l. & S Western 411 6a 10d 67 ...... ..., "'Do. New Consol. Bths 40
Do. New
.. . •••
Do. New
...............
Londoa and York 2%..... _
..
.....
Do. % Shares
Lyndon and Windsor . 1N4... .—. ..... '
London, Salisbury, and •
Yeovil . .... ...... N.__ _
Londonderry & Coleraine 12 4. _
Londonderry and Ennis-

killen - 121/
Lynn and Ely
igau end Denham l5