The Sun.
London, England, 1851-11-13 00:00:00

LONDON,

THURSDAY EVENING, NOVEMBER 13, 1851.

be agreed on tie groundwork, and who knows
whether they will not come to an understand-
' ing as the form? What would the candidate cf
Paris then become? Would the elect of a system
passed into a state of remembrance have the same
political value as sash of his colleagues whose man-
dates reposed on a wider basis? The majority of the
councils•general, the councils of arrondissement,
1,500,000 petitioners, have demanded before the Go-
vernment the repeal or the modification of the law of
May 31. Between this and the 30th November, it is
impossible to reproduce before the Assembly this mass
of claims. But now Paris is interested ill the cause.
It is to its energetic intelligent population to give to
the Assembly the last expression of the general wish.
Let the electors of Paris abstain en masse! Let them
exercise for the benefit of the country this right of in-
ertness, which makes a part of their sovereignty. This
inaction will be the clearest and the most eloquent of
protstits. It is the most prompt and the most legal
manner of enlightening the resolutions of the Assembly
The silence of Paris will speak loader than any decla-
mations. Besides,:at a moment when no serious candi-
date can be found, there is no election possible."
The presentation of the report of M. DARII on the
electoral law was preceded by a scene in the Assem-
bly which shows how profound are the differences
between the late and the present Ministers of the
Republic. The subject under discussion being the
interpellations of M. SARTIN relative to acts of
violence which, he affirmed, had been committed on
him at a dinner in the department of the Allier, not-
withstanding his being a representative of the people.
In answer to M. SARTIN, the Minister of the Interior
said he could find no document in his office relating
to the affair. Whereupon M. LEON FAUU-.ER got
up and said that be had taken the documents with him
when he left office, and that as the affair had hap-
pened when he was in office he was prepared to give
the required explanations ; whereupon the ex-Minis-
ter proceeded to deliver, after the most approved
pedagogical fashion, a lecture to M. SARTIN on his
conduct, but in the course of it made such admissions
as clearly showed that himself and his subordinates
had violated the laws. M. DE THORIGNY, the new
Minister, then ascended the tribune, and comnenced
by saying that there were faults on both sides, an ad-
mission which threw the soi-clisant partisans of order
into convulsions of rage:; they shouted, they thumped,
they vociferated, whilst the Republican Members
maintained a dignified silence; thus setting an excel-
lent example to the disorderly party of order. Eventu-
ally the Assembly passed to the order of the day.
The Bourbonist journals are vehement in their
attacks on Al. DE THoRIGNY.

The Union 'says—" Grave events occurred yester-
day in the Committee of Parliamentary Initiative
charged to examine the proposition of the Questors.
The Committee first of all assembled at midday to hear
read the minutes of the sitting in which the Ministers
of the Interior and of War were examined. It was
decided that these minutes recording the declarations
of the Ministers should be communicated to them.
These declarations were contradictory in several
points, but it resulted from the language of General
DR SAINT ARNAUD that the Government admitted the
right of the Assembly to require troops for ita safety,
but that the orders ought to be transmitted to the
troops through the Ministry of War. In a second
sitting, held at five,o'clock, the committee learned with
profound surprise that the Ministers dispute the vera-
city of the minutes, and the Minister of the Interior
wrote to the Committee to retract the words of the
Minister of War."

The Committee has recommended that the proposi-
tion of the Questors shall be discussed.
The speculators at the Bourse continue to refrain
from engaging in any extensive operations. The Five
per Cents. opened at 90f. 40c., and closed at 90f. 45e.,
for the end of the month; the Three per Cents. closed
at 56f. 80c. ; Orleans Railroad Shares, 856 f. 25c.;
Rouen, 565 f. ; Havre, 210 f. ; Great Northern, 458 f. 75c.;
Avignon, 210 f. ;Vierzon, 426 f. 25c. ; Basle, 150 f ; Bor-
deaux, 375 f.; Paris and Strasburgh, 355 f.; Tours and
Nantes, 253 f. 75c.

BUSINESS DOSE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, Noy. 12.
Boulogne and Amiens, 'OA—Central of France (Orleans
and Vierzon), 16%—Namur and Liege, 534—Orleans and
Bordeaux, 33 Rouen and Havre, 814 Sambre and
Meuse, 278.

THE SHARE MARKETS.

BRITISH RAILWELYS.

Railways,

Paid.

Aberdeen—
Ambergate, Nottingham,
Boston, & E. Juncion
Belfast and County Down
Binning., Wolyerhamp.,
and Stoat* Valley ..
Birkenh., Lan., & Chesh
June., lato 331.6 e. 84..

Do. Chest. & Birkenhd.,
501. & 251. Consolidated'
Do., do., 401.
Bristol and Exeter • • • •
Caledonian ..
Chester and Holyhead ..
Dublin and Belfast Junct.
Dublin and Kingstown..
Dundalk and Enniskillen
Dundee, Pertb, and Aber-
leen Junction .. . •
Do., New ..
East Anglian (251. L. &
E. and L. & D.)
Do. (181. E. & H.)
Eastern Counties ..
Eastern Union, class A,
late E. U. shares
Do. do. do. ..
Do. do., B & C shares
East Lancashire ..
De. Now quarters • •
East & West India Docks
and Birm. Junc. ..
East & West York. Junc.
Edinburgh and Glasgow
Edin., Perth, and Dundee
Glasgow and South-West,
De. do. G. D. & C. stock
Great Northern ..
Do. halves, A, deferred
Do. halves, B, 6 per et.
Great Southern and
Western, Ireland ..
Great Western ..
Lancaster and Carlisle ..
Do, thirds • • • • • • 1
Lancaster and Preston ..
Lancashire and) orkshire
Do. quarter si area ..
Do. fifths .. .
Do. West Riding Union
Leeds Northern ..
Liverpool, Crosby, and
Southport
London and Blackwall
Do., Tilbury Ext. Scrip
London, Brighton, and
South Coast ..
London and N.-Western
Do. do. quarters
De. fifths ..
Do. 101. sh., M. & n (c)
London and 8.-Westera .
Do. new 501.
Do. new 401. .. .
Manchester, Buxton, and
Matlock • • ..
Manchester, Sheffield, &
Lincolnshire
Do. Manchester and
Lincoln Union ..
Midland

Nominal Prices,

Do. 501. shares • • .

Do. Birmiug & Derby
Midland Gt. West. (Ire.)
Newcastle and Carlisle • •
Da. quarter shares ..
Newmarket • • ..

Newport, Abergavenny,
and II ereford
Nowry and Enniskillen • •
Newry, Warrenpoint &
Roetrevor • • • . • •
Norfolk

Do. New 201. shares..
Northern Counties Union'
North British • .
North Devon .. • •

North Staffordshire • .
North-Western .. ..
North & Sth.-West. Jane.
Oxford, Worcester and
Wolverhampton.. ..
Scottish Central .. ..

Scottish Midland .. .

Do. new .. .. ..
Earews.& Birm., Class A

Do. Class 11.. .. ..
Shrews. & Hereford., Old
Do., do., New ..
Shrewsbury and Chester
(Nor. W. Min.) .. ..
Do. Halves .. .. ..

Do. Oswestry
Do. New.. ..
Shropshire Union ..
Do., A, B, C, & D,lly
paid up at per cent ..
South Devon ..
South• Eastern
South Wales.. ..
South Yorksh. and River

Dun .. • • ..
Sheff., Roth., and Goole,
South Division ..
Stockton and Hartlepool
Swansea Loughor, &c.
Taff Vale ..
Taw Yale Extension ..
Thames Haven Deck and

Railway
Vale of Neath .. • .
Waterford and Kilkenny
Waterford and Limerick,
Waterford, Wex., Wick.

and Dublin ..
West Cornwall ••
Whitehaven and Farness
York, Newc., & Berwick
Ditto and Newcastle,
_ Extension .. ..1

Ditto G.N.E. pnrchaie
York and North Midland

9M to 9%

434 -- 4X

9 - 934

11% —lO% d.
15%-16%
6}6dls.
77 —79

174
100

11% 13%
IS 18%
23 —2l d.

3 -3%
2 -2%
6% -6%

a% —4li

2%-2%
15 -15%

49 -51

2654 - 2754
4 - 434

100
8 6 8

I 6 %i -16%
+34- 5%
12 ..-12}(

100
all
1 13 4
47%
100

34% - 35%
83 - 83%
77 -79
7% -8% P•

•• - ••
56% - 57

13%-8U d.
12
65i
13 %d.

• •
• - •
6% - 7

93 -94

11434 -115
2% —2% P.
17i 230.
1% MI.
81% 84%
834 734 Ms.
7% —6% Mt
2% —2%

100
42%

29% 30%
21% dim.
49% —49%
24 —26

4 2 0
100

100
47%

7% - 8

5 —4% dia.
.. a... • • clic

21 23
14 13% die.
3% —2% die.
5% 6

8 73( dis
dls.
dis. P

133 i. 14
13 —IB x.d
S
7 734
6 634
4 436
5 4 dbl.

14 16
7 8
10% 1154
% % db.
3% B%d.

•• -. ••
12 -14
19% - 19%
26% - 27

4 —3 d.

16 24

II -13

L6O - 163

.. —.. die.

16 —l6 die.
d.

• • •m• • • alt.

17%-1s
IX —15% d.
3% —3% 4.
L 9% SO%

Nominal Prices.

Business dons
to-day.

43 5%

31,4 a
2

83 84

555(

92%
HS 114%
24%

49% 60%

5%
s% %

6% 71,‘
15 15%
1 —34 d.

-1%
-% P
MIL -
11 - 11

5yy•••• 10
•• •••• ••

•• -- ••
I% I( au.

13% - 13%

136- I%P,

II • _•• p.

LEO - IE2

.. -:. p
.. •• p

.. im • •

• • .... •,

2 .—2% p.
io% 11%
11% 12%
% % P

128 -MO

•• 6.6 • •

15 —l6
4 —4%
4% —4%
9I %
10 54 dis
1534 16
11 —l3

15 —. 16
334 —4
I Itil —. 114 as.

PDXEIGN.

10 -10%

16% 17
54 b U dia.
2% —2% P.

- % P.
%- % P.

• - -
12% -2%

IN %

2054 U 20

7 —8
234 —a%
5 —6
144 14%
5►% 5 d.
83 —35
2 —22%
6 —s%dis.
81,6 ii% x.d
2% —3
103 —9% WS.

Ilinalnus dose
to-day.

i9f ~ ~~

% Pm

~,,.•

MINES.

raid. Nominal Prices. Cosines:; 4°'
to-day.
Australian 4 I% 234
Barossa Range ...... 113 0
Blaenarvon Iron and Coal all ..
Bolanos Scrip •• .•
British 1r0n...... 13 5 .. —• •
Brazilian Imp. (is. 5/. p.) 24%
Do. Cocacs and Culaba all • •
Do. St. John del Rey.. 15 20% —2l
Cobre Copl'er = • .... ... 40 33 34%
Copiapo ...... • • 14 634
General.. • • all 13% —l4
Mexican& S. American 9 3%
Real Del Monte, Unreg. %
Do. Black Debentures. • •
Do. Red Debentures — • •
Santiago de Cuba .... lO 4 —3%
Tin Croft •• .• •• • • 7 6% --8
United Mexican.... •• ••28 2 B%j 3 2 234 %
JOINT STOCK BANES.
Australasia ........ •• .• all 37 38%
British North America 50 45 —46
Colonial ........ •• . 25 10% 11%
Commercial of London 20 25 -- 26%
London Joint Stock lO 18% 17% 18%
London and Westminster 20 28% 29%
National Provincial Eng. 35
Do. New . ..... 10 •• —••
National of Ireland 22% 18% 17%
Oriental Bank Corporat all 26 26%
Provincial of Ireland— 25 42 —44
Do. New all 15% 16%
Union of Australia ... • all 35 36%
Do. New ........" 2% 3 —34
Union of London
Union of Madrid -
all
MISCELLANEOUS.
Canada ••• • • • 32% 48 49%
Gen. Steam Navigation . 14 27% —2B x.d
Penin. & Oriental Steam, all 68 —7O TO
Ditto ditto 10 14% - 1534
Royal Mail Steam 60 78 79%

Late ditto
Royal Mail Steam .. ..
rWe cannot be answera
will not be influenced by i
Settling days In the mol
tered shares, 13th an(

Mole for th
interested
mth of N,
d 27th. J

.aNEOI7B.
48 —494
27% —2B x.d
68 —7O
14N - 15%
78 79%
le errors of the Official Lists, and
1 correspondents.]
'overaber. Ticket days for regis-
Account days, 14th and 28th.

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 12,000 bales, of which 500 American and 500
Surat were taken for export, and 500 American, 1,000
Egyptian, and 2,000 Surat, on speculation, The market
closed firmly,'and American id. and Surat hd. to ed. per lb.
higher. The sales comprised about 6,000 American, 600
Pernam and Maranhain at Sid. to 6id., 400 Bahia at
53d. to 51d., 1,500 Egyptian at 54d. to Bd., and 3,500
Surat at 20. to aid. per lb.—The Share Market was firm.
The sales of Wheat in the markets which govern the
official averages were last week 98,161 qrs., and the six
weeks' average was 365. Id. per qr.
Looking just now to the position of the Stock and
Share Markets, one is struck with the similarity that
exists between what occurs here and in the United
States. A leading firm connected with the Stock
Market, Messrs. Jacob Little, and Co., stopped a week
or two back, and as we are told they will be enabled
with time to make satisfactory arrangements and meet
the claims upon them. The origin of their failue is
stated to have been " consistent bearing" for a period of
nearly three years. Consistent bearing must,
of course, mean obstinate speculation for a
fall, than which nothing can be more senseless.
We may freely admit that when time-dealing runs wild,
and worthless schemes are at inflated prices, a curb
should be imposed, and here the man who sells as much
of the trash as the gambling premium-hunters ask for,
protects the public, and wrests from the schemers some
of their ill-gotten profit. But admitting this, and going
still further, admitting that a perfectly sound invest-
ment may be run up above its value with the avowed
object of getting inexperienced people to buy, we may
ask in what position does the speculator stand who
lends himself to the propagation of uneasiness
and excitement, and takes advantage of appre-
hensions on the part of the holders which he
well knows to be unfounded? Messrs. Little
and Co. were not speculators of that class, for they
wielded a large capital, which reckless Bears seldom do,
and they were Bulls, or the reverse, according as their
judgment led them to the conclusion that values were
artificially inflated or depressed. The information re-
ceived, from credible sources, induces us to believe that
Messrs. Little did not fail so much by a long course of
Bearing as by the depreciation in the value of the
stock owned and held by them. The senior member
of the house has been an operator in Wall-street for
about thirty years, during which time several
severe financial revulsions, commercial revolutions,
and stock panics have been experienced, which have
prostrated nearly every other great firm, and on one oc-
casion its differences are said to have amounted to nearly
a million of dollars when it was going for the rise.
There is no rule, therefore, among professed stock
dealers. They usually prefer doing dangerous business
to doing nothing, and the lesson may be read by any one
who runs, that speculation in Public Securities is the
most uncertain and dangerous business that capital can be
applied to. As is very justly observed, it matters very
little whether operations are for a rise or fall, the
market alternates so often and suddenly that the
shrewdest and most experienced individuals are
caught. So it proved in the year 1845,
and again from October last to this time. Some
of the most successful and calculating men we have are
entirely at fault, and have " dropped" large amounts.
At present the prospects of the railway market may be
considered good, but so they were before and during
the Exhibition, and yet they declined. Now, with traffic
returns higher than those of the corresponding period
of 1850, we ought, while money continues so abundant,
and speculation runs upon gold mines of doubtful pro-
mise, to see at least a greater degree of steadiness and
an approximation to fair values, for while some shares
may even now be too high, others are as certainly
too low.

The last week's Railway Receipts, ascertained up to
this day, are in round figures as under:—

1851. 1850.
Great Western...
North-Western
South-Western 9,267
... 8,288
Brighton
Midland 22,701 ... 22,694
South-Eastern
North Stafford
Caledonian 7,908 ... 7,398
Great Northern 11,099 ... 7,108
Lancashire and Yorkshire
York and North Midland
Newcastle and Berwick
The Submarine Telegraph Company commenced
working this day at noon between London and Paris,
arid the charges appear to be moderate, considering the
boldness of the project and the time required to develop
or create the want, since, as in railway traffic, there will
be the desire of communication fostered by the conve-
nience and celerity. The Stock Exchange has arranged
we believe for three dispatches per diem from Paris, and
ere long we shall have messages no doubt from Brussels,
Frankfort, and other places.
At Amsterdam, on the 11th inst., the tendency in
Dutch Securities was more favourable. The Two-
and-a-llalf per Cents. were 57i. Spanish about the
same, and Austrian, though at first better, subsequently
lower.

The Funds are very steady, though quiet. This is
" pay- day." Consols bring 98i I, and the New Three-
and-a-quarter per Cents. 98i 4. The Three per Cents.
are 971 Exchequer-bills realise 525. to 55i. premium,
and India Bonds 60s. to 611,

Foreign Securities have been very dull. Mexican
Bonds have declined to 24 Spanish Five per Cents.
are firm at 2Q. The Threes are nominally 38i to 39k.
Dutch Two-and-a-Half per Cents. 59.
Shares are generally higher upo►a the arrangement
for carrying over.

PRICES OF BRITISH. FUNDS ONE CLOSING
O'CLOCK. PRICES.:
3 per Cent. Reduced An
3 per Cent. Consols Annuities..
New 314 per Cent. Anna... 98% 9834
Long Anna. to expire Jan.lB6o 6 15-16 7 7
Ditto 30 years Jan. 5, 1860. 7 3-16 7 3-16
India Bonds, 1,0001.„ 6l 60 p 60 p
Ditto under 1,000/........ ... .., 61 59 p .59 p
South Sea Stock ......
Ditto Old Annuities
Consols for Account
Exchequer Bills. 1.1,40.
1,0001.
5001.
Small, ..

97 ill
96A

5. p

55 p
55 p
CLOSING
PRICES.
24%

ONE
PRICES or FOREIGN FUNDS. O'CLOCK.
u
Mexican, 5 per Ct., ex Jan. Coupe. 24%3Portuguese 5
per Cents.
Ditto, 4 per Cent.
Russian Bonds ...
Ditto, 41% per Cent
Sardinian Bonds, 5 per Cent.
Ditto, Scrip —
Spanish 5 per Cont. 1840 —
Ditto, Account
Ditto, Passive -
Dividends on the above payable in London.
Dutch 2% per Cent. 12 Guild 59
Ditto 4 per Cent. Certificates

33%

102%
81%
3% dis.

204

59
904

LLOYD'S SHIPPING.—(THIS DAY.)
LONDON, Nov. 13.—Wind at noon W., light
breeze and fine weather.
DEAL, Nov. 12.—Wind N., moderate.—Arrd. Rome,
Calcutta; Harry, Newfoundland
York; Gladstone, Porto Rico. rrfrom t e River,
A,• Padt.rifck Henry, New
Callao; Arrde.a Ttc:an Ba:
Wales, New
Islander, Barbadoes.
LrvanrooL, N0v.12 12.—Wind
na
Orleans;
Africa; Intrepid, Cumberland, N. S. Sid. Lioness,
ldd i nNe
E'
Algoa Bay •, Sandford, Calcutta; Sabuna, Lima; Risk,
Laljuira; Ameda, New Orleans; Snowden, Savannah;
Mary Pleasants, Philadelphia; Mary Wheeler, Boston;
Coquimbo, ditto; Clont_arl, Calcutta; larifa, Barbadoes;
Pastorita, Savannah; Conqueror, New Orleans; Living
Age, ditto; Alice Wilson, ditto; Athens, Mobile; Rho-
derick Dhu, Savannah; Atlautic steamer, New York.
Off port, Nile steamer, Cumberland, Independence, and
Britannia.
RAMSGATE, Nov. 12.—Sid. Elizabeth, Surinam.
JERSEY, Nov. 11.—Arrd. Canopus, Labrador.
Pens Tow, Nov. 12.—Two head boards, both marked
Veneto, and some wreck have been washed on shore.
lIELSINGFORS, Nov. I.—The Packet (Finland ship)
was totally lost off Porkala on this coast 29th October;
but little of the cargo (flour) is expected to be saved.
The weather continues very boisterous. It is rumoured
that a ship laden with coffee has stranded somewhere on
the Reef south of Borga. It is feared that the stormy
weather of late will have been very severely felt by the
shipping in the Gulf.
CROMER, NOV, 12.—Part of the stern of a vessel
named Courier, Daucemenez, has come on shore.
COWES, Nov. 12.--Wind N.—And. Elizabeth, Rio
Janeiro.
PENARTH ROADS,
Nov. 12.—Arrd. Courier, of tad
for Plymouth, from Swansea leaky.
II" &mu; Nov. 12.—The Republic, Bremen, 101