The Sun.
London, England, 1848-11-20 00:00:00

MONDAY
__EVENING, NOVEMBER 20, 1848,

cate of the Bourse from the Minister of Fir.ance, an-
nouncing that the salt-tax would be kept on next
year, and that, while this source of revenue would be
maintained under the present circumstances of the
Treasury, the army would be reduced by 50,000 men,
and expenses diminished. This letter has given the
greatest satisfaction, and relieved the mind of the
leaders of the money market.
M. LEGRAND presented to the Assembly on Satur-
day the report of the Committee of Mercy on the
cases of the insurgents of June ccndemned to trans-
portation by the Committee of Inquiry. In con-
sequence of the light punishments inflicted by the
courts-martial on the leaders of the insurrection, the
Committee recommend that the exile of the insurgents
transported by the Committee of Inquiry should be
commuted into various terms of imprisonment.
BOURSE-PARIS, SATURDAY, NOVEMBER 18.
The market opened rather heavily to-day, but de-
mands for the delivery of stock to a ra!ll,er heavy
amount having been made, buyers were forced into the
market, and prices improved-Threes closing at 41f.
40c. Fives at 63C 95c.; and Now Loan at 63f. 90c.
The market closed as follows:-Threes, for Cash,
41f. 40c.; for Account, 41f. 40c.; Fives, for Cash, 63f.
95c.; for Account, 63f. 95c.; New Loan, for Casb, 63f.
90c.; for Account, 64; Bank of France Shares, 1320;
Neapolitans, 77; Spanish Threes, 23k; ditto, Fives,
not quoted.
RAILWAYS.-The Share Market has been rather in-
active, and tor a time shares were generally offered.
Towards the close, however, a slight degree of improve-
ment manifested itself, and prices left off generally a
shade better than yesterday. Orleans closed at 5671.
60c.; Rouen, 3471. 50c.; Avignon, 1571. 50c.; Vierzon,
212 f. 50c.; Strasburg and Basle, 751.; Nantes, 3101.;
Northern, 3371, 50c.; Bordeaux, 362 f. 50c.; Paris and
Strasburg, 325.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, Nov. 18.
Boulogne and Amiens, 5% ex coupons-Namur and
Liege, 4;4.

S PAIN.

Madrid journals of the 13th have arrived.

The weekly account of the issue department of
the Bank made up to the 12th instant, gives the
following results. The notes in circulation, which
amounted last week to 109,380,600 reals, have been
reduced to 108,229,000 reals, through the cancelling
of 1,151,600 reals received for customs duties, &c.,
leaving a surplus circulation of 8:229,003 reals still
to be cancelled, in order to bring down the amount to
100,000,000.

The specie and securities remain unchanged at
100,000,000, one-third in the former and two-thirds
in the latter.

The amount of notes cashed during the week was
2,219,800 reels, which notes have become the pro-
perty of the Treasury, which has replaced specie to
that amount, signed by the manager, Don ESTEBAN,
PARFJA, and approved by the royal commissary, &c.,
Don Luss ARMERO.

The Government papers state that General LER-
SANDI had defeated CADameA at Cubells, but they
add, as the Cervera courier has not arrived either to-
day or yesterday, we are not in a position to be able
to confirm this intelligence ; and conclude with
stating that very probably the rebels have intercepted
the couriers, in order to prevent us from receiving
such, to them, disagreeable news.
It is certainly rather curious to hear the victors
complain that the vanquished intercept their commu-
nications. The victory, we should opine, from this
circumstance, was the other way.
MADRID BOLSA, Nov.: 13.—The Three per Cents.
are reported at 19/ to buyers, sellers ; Five
per Cents. 91 to buyers, sellers ; Coupons 5i
buyers ; Passive Debt, 3i- buyers, / sellers; Bank
Shares, 40 buyers, 44 sellers. Discount on notes
Exchange on London, 47 80.