The Sun.
London, England, 1848-01-05 00:00:00

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firmer, and closed generally at improved quotations.
For cash, Paris and Orleans last called at 1,218 f. 75c.;
Paris and Rouen, 907 f. 50c. ; Avignon, 513 f. 75c.;
Vierzon, 545 f. ; Strasburgh and Bale, 160 f.; Nantes,
395 f. ; Northern, 551 f. 25c. ; Paris and Strasburgh,
415.; Paris and Lyons, 402 f. 50c

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LON DON STOCK EXCHANGE, JAN. 4.
Northern of France, 12—Orleans and Bordeaux, 5%—
Paris and Strasbourg, 41,—Sambre and Meuse, 7.

MONEY and COMMERCIAL NEWS.

CITY, QUAI?TER TO THREE.

The Cotton Market at Liverpool yesterday was
steady. Sales 3,000 bales, of which 2,500 were
American, at 4+d. to 6d. per lb. Railway Shares have
been rather firmer, but with very little doing.
In accounts received from Newfoundland, painful in-
telligence is given of the destitution prevailing among
many of the inhabitants of the colony. From Placentia
Bay, St. Mary's Bay, Ferryland district, Conception
Bay, Trinity Bay, and Bonavista Bay, appeals poured
in fur aid from the Government, which the crippled re-
sources of the country would not allow of immediate
attention. The Home Government have been at
last appealed to. At St. John's, New Brunswick,
it is stated that upwards of seventy persons had arrived,
throwing themselves upon the bounty of the finances
there for shelter during the winter, but it had been re-
solved to send them back again with such temporary
assistance as the Governor had at his disposal. The
winter had fairly set in at Newfoundland, at New
Brunswick, Miramichi, and places in that direction.
The interesting case of " Geach v. Ingall," has led to
the publication of suggestions for placing life assurance
upon a more satisfactory footing. It is contended by
some that a policy once granted by an office should, on
public grounds, remain unimpeachable ; or that at least
it should be impeached within a year or two, the party
insuring being necessarily much weaker than a powerful
office. We know that many offices are extremely
liberal, but in matters of such importance it is not op-
tional concession, but defined justice that is needed.
The parties aggrieved complain that in the case of
" G each v. Ingall"—
" The opinions of the directors of the Imperial Life
Office are unshaken by the verdicts of three different
special juries, and that the highest and most solemn
justification of the conduct of Mr. Scott, the most com-
plete proofs of his integrity which the law of the land
affords, does not prevent them from still fixing upon his
memory the charge of fraudulent misrepresentation
and wilful concealment," after having been told by
three juries that these accusations are false.
In the spirit displayed by the Imperial Office
throughout this litigation, the solicitor for the office
appeared before Master Walter, the taxing officer, on
the 24th of November last, and used his best efforts to
reduce the amount at which the costs should be taxed ;
the result is, that the attorney's bills against the pur-
chaser of the pokey amount to considerably moro than
2,000/., of which the office has only to pay 646/.
" The history of this case involves many very important
considerations to the public with reference to the present
system of life insurance, and illustrates the following
other positions :
" That no amount of candour on the part of the
assured, or of investigation or precaution on the part of
the office before grantitrz a policy, will preclude it from
disputing the payment after death.
" That an office is at liberty to receive premiums,
grant bonuses in respect of a policy, offer to purchase it,
end in every other respect treat it for years as a valid
policy, and afterwards dispute its validity."
There are not any late Colonial advices announced in
the City this morning. The news from Paris, by the
electric telegraph, caused no variation in the value of the
Funds this morning. It is believed that the larger pro-
portion of the bills which became due yesterday were
very well met indeed. Such, at least, is the statement
in the City this morning. No more failures have been
talked of, though there are fears that some, and not a
few, connected with two important trades, are in a weak
state.

The Consol Market has been very steady this morn.
ing, at from 8 Q. For the February Account there
has been some dealings at from gto per cent. con-
tinuation. Exchequer-bills have reached 17s. premium,
and East India Bonds are at Bs. premium. Bank Stock
is heavy at 187.

I❑ the Spanish Five per Cent. Bond Market there has
been a rally to 2 o*, and in the Three per Cents to 29k.
The Dutch Two-and-a-Half per Cents. have been quoted
at 54k, the dividend deducted. For the Mexican Bonds
the prices have receded from 18 to 17i for the accounts.
Brazilian Five per Cents. have been sold at 80.
In the Railway Share Market this morning business
has been somewhat confined. The prices have changed
but in a trifling degree.
At the meeting of the South Sea House proprietors,
held this morning, the only business done was the
reading of the financial accounts and the declaration of
the usual dividend.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 187

3 per Cent. Reduced Annuities ... 155Nq
New 314 per Cent. Anne 86%%
Long Annuities, Exp. Jan. sth, 1860 —
Do. 30 Years, Expire Oct. 10, 1859 8 7-16
India Stock
Do. Bonds, 1000/ .. 5 p
Ditto under 1.000/
Consols for Account ...
Exchequer Bills. 3d.
1,0001.
500/.
Small .. 18 20 17p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 8 per Cent
Mexican Bonds, 1846, 5 per Cent 17%
Ditto for the Account
Spanish Bonds, 5 per Cent, 1840 ... 193 i 20%
Ditto 3 per Cent 29 IA
Dividends on the above payable in London.
Dutch per Cent., 12 Guild 54% z d
Ditto 4 per Cent. Certificates
RIIBINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. Pia SHAM
Aberdeen

Amber., Notting., Boston, &c. 2% — ...... to
Ayrshire and Galloway
Belfast and County Down .. 10 .. ..
Birmingnam & Oxford June... 20
-•--

Birmingham, W 01.,& Dudley 10 ... .
Birniing., Wol., & Stour Val. 101.14,....
Birkenhead, Lancashire, and
Ckeshira Junction 734 — ...... t•
Boston, Stara., & Birming... 5
Bristol and Exeter
Do., Thirds
Buckinghamshire lOl. 4s 3 dis.x iut. to
Caledonian

Ditto, Half Shares
Ditto, Clydesdale Junction 50
Chester and Holyhead... 37%.....
Ditto, Preference 8
Clarence.
Do., let Class, 8 per Cent... 10
Do., 2d Class, 3 per Cent... 10
Do., Got. Loan, 4 per Cent. 10
Doblin and Belfast Junction.. 20
Dundalk and Enniskillen ... 16
East Anglia, 25/. L. & E.,
aid L. & IJ., .
Ditto, 18/., E. &II l4 .....
Ditto, 31. 10s., E. & H... 2
Eastern Counties
Ditto, ditto (B)
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d...
Do., do N 0.2,6/. 13s. 4d... 4 dis.... to
Do., York Extension ...... 10 ..... ...... to
Do., Northern & Eastern... 50
Do., Quarter 124... .. 12% to
D0., New
Eastersn Union. .. SO

Ditto, Quarter Shares ...... 12►,4 —
Di Thirds . ,13s. 4d —

itto.,
Ditto (guar. 6 per cent.) ... . —
East Lancashire
Ditto, New .. ........... .... . 13
Do., New Quarters
East Lincolnshire 12% - -
Edinburgh and Glasgow 5O —
...... to .
Ditto, Half Shares
Ditto, Quarter Shares 12% -,
Edinburgh and Northern ... 22% —
Ditto, New..... ........ ...... 3% _-...... to
Ditto, New port 9% — ...... to
Ditto, ditto, New 2I,A — ...... to
Exeter, Yeovil, & Dorchester 2% --
Ditto, New ...
Giusg., Dumfries, & Carlisle-81. 68.8 d... to
Glasgow, Kilmarnock, & Ayr 50 ......
Ditto, New

Do. '4 Shares (5 por ct. gua.) 121,E -
Great Northern ... 101/2_414 % ex int. to
Do. London & York Exton. 2% - --- to —.
Gt. South. & West. (Ireland) 35
_ _

. .
- --
- -
Great
North
of England 100
Ditto, Isle w 404
Ditto, New 30/
Ditto, New 151 6%...... . ... to
Great Western BS
Ditto, Half Shares SO
Ditto, Quarter Shares 17% — ...... to
Ditto, Fifths 2O
Do. New 171 ....... 10 ...... 11% to
Huddersfield and Manchester 24 .. ... g to
Dittc, Thirds 8
Hull and Selby
Ditto, Half Shares
Ditto, Quarter Shares - 121,4 —
Ipswich& Bury St. Edmunds 17% — to
Do. do. and Norwich

_ -
Do., do., Extension Scrip
(late (Cainb. and Ely) 21,4 ...... to
Lancaster and Carlisle.... ... 50
Do.,Thirds . .. -
Lancashire and Yorkshire ... 93 .....
Ditto, ditto
Ditto Half Shares - 38
Ditto Quarters
Ditto Fifths
Ditto Sixteenths ........... VA...-.
Ditto Thirds (Reg.) ... 101.4 s —
Do. Liverpool and Bury... 34
Do. (Hudders. and ShetF.) 33
Do., IVaketield,Pontefract,
and Goole 471,
Do., West Riding Union ...41. 25.....
Do., Preston and Wyre ... 25 ......
Do., do., Half Shares (A) 9
Ditto ditto (B) 11/4
Leeds and Bradford 5O .. ... 93 ..... to —•
Leicester and liedford