The Sun.
London, England, 1844-11-09 00:00:00

flkrrniiig •mL

LONDON, SATURDAY, NOVEMBER 9, 1844.

We cannot better resume the considerations sug-
gested by the very important Refifirt of the Select
Committee on British Shipping, to which we have so
earnestly` invited the attention of our readers, than
by following out the more prominent topics that pre-
sent themselves, in connexion with this subject, in
somewhat the same order as that adopted by the Com-
mittee digesting the evidence taken before them.
It will be, therefore, proper to consider, in the first
place, the assumed depression of the British shipping
interest, in reference to, first, its general extent and
duration ; secondly, the depreciation which has so de-
cidedly taken place in the value ofshipping; and, thirdly,
the probable causes of this depression. The depo-
sitions of the witnesses pursue these three heads of
inquiry over a wide range indeed; as, the Liverpool,
the coasting, coal, Baltic, American, Australian,
and China trades ; the several aspects; at present, of
the colonial shipping and'foreign shipping interests ;
the case of low-class British-built ships, as those of
Sunderland; their overproduction, and the abuse of
ship mortgages. But besides these, there are the
wider but all-important general questions connected
with emigration, steam navigation, and the tariff of
1842, with its consequences and influences, very ably
handled in some portions of the evidence. We ire
tempted, fur our present purpose, briefly to establish
the fact of the depression of our shipping, and then
to consider how far the intelligent witnesses examined
by the Committee have succeeded or failed in tracing
such fact to the operation of the Navigation Laws,
and the practical state of our relations with Foreign
Powers under existing Reciprocity Treaties.
It may be proper, however, to premise, that we re-
serve for separate diicussion, at a future opportunity,
the important cause of depreciation identified by Mr.
GEORGE FREDERICK YOUNG—and- in our opinion
but too successfully—with the gradual decrease of
emigration from this country to our American settle-
ments, and its almost total extinction to New Zea-
land and Australia, under the impolitic discourage-
ment of a system, commenced, it must be owned,
under the late Government, and persisted in with a
degree of suicidal infatuation and mischief—by the
present. It seems to be a strange anomaly, in what
may be called (in a large sense) the " domestic ad-
ministration" of an empire so densely peopled as ours
is--that neither the claims of its redundant labour,
nor the useful capabilities of its redundant enterprise,
nor the reclamation of its redundant colonial lands,
nor the development or the safe and certain channels
of agricultural investment "beyond the seas" of its
redundant capital, nor the permanent and profitable
employment of its redundant shipping, nor the eligible
removal and settlement of its redundant unemployed
labour—that none of these claims (reciprocally acting
as they do, the one upon the other, for good or for'
evil, and, all of them, in their aggregate bearing, on
the very existence, not 'merely the prosperity of this
Country as an independent Power)—should, hitherto, 1
tave failed to impress the Ministers and statesmen of 1
Great Britain with an adequate sense of the advan-
tage they might command from favouring a grand,
sustained, and comprehe s
ofemigrationti to
Visive system ° f
our colonies and settlements in all partworld.
The general facts of the depression of our
shipping
interest, both as to ownership and trading, is evidenced'pping
by those features in its condition to which we ad-
verted in a former article. Messrs. G. YOUNG,

A few weeks ago all the daily and weekly Tory
journals—with the sole exception, if we remember
rightly, of the Post—were hugging themselves in the
pleasing conviction that the Anti-Corn-law League,
if not absolutely extinct, was at any rate in the last
tage of decrepitude. " It has seen its best days,',
said the Herald. " It is dying by inches of an
atrophy," remarked the Standard. " It is the mere
ghost of its former self," observed the John Bull.
then followed a series of arguments in each of these
party journals, whose main object was to prove that
it was very unlikely, if not wholly impossible, that the
League could ever regain its former strength and in-
fluence; inasmuch as the majority of the people had at
length seen through the humbug, and were determined
no longer to give it countenance or support. Of
course, all that portion of the community who cling
to the principles of Monopoly, were delighted with
these statements, and perfectly ready to accord them
the most implicit credence ; and we can imagine
the delight with which their Graces of Ricasioxn
and BUCKINGHAM must have chuckled at the idea
that the object of their bitterest hostility and their
worst apprehensions for four or five years past, was
reduced to so low an ebb, as to excite only their
contemptuous pity and ridicule. But, 10, in the
midst of all these rejoicings on the part of the
Monopolists, the " untoward" fact transpired,
that the League—the exhausted, crippled, dying
League--was in better health and spirits than
ever ; that it had held a public meeting in Mari Chester
of a more important character than had ever taken
place there ; and that while it was so charitably
supposed by its enemies to be, like JERRY SNEAK'S
wife, on " its last legs," it was in reality working in
secret with a vigour and activity hitherto unknown
to it ; and had succeeded in securing an influence in
the Registration Courts, which, in the event of a new
election, would enable it to return at least thirty
additional Free-traders to Parliament. Before the
Monopolists 'had fully recovered the shock of this
astounding intelligence, which must have come upon
them like a thunder-clap, another " great fact" trans-
pired—namely, that the Anti- CorrirLaw League had
" taken Covent-garden Theatre for the next season at
a rent of three thousand pounds !" This does not
look as if it were about to give up the ghost. There
are no symptoms of decline or decrepitude here. But
the truth is, the League never has been in a declin-
ing state. It has never, even for a moment, lost its
hold on public opinion. It has never once relaxed
in zeal and perseverance. When it was to all out-
ward appearance the most quiescent, then it was the
most energetic. From the very first hour of its esta-
blishment down to the present time, its influence over
the popular mind has been steadily on the increase
and now it may be said to wield a power in no re-
spect inferior to that of the great Birmingham Asso-
ciation which carried the Reform Bill. Would
this be the case if the principles which it ad-
vocates were founded in delusion ? Impossible.
John Bull though npt at times to be
run away with by strange fancies—is fn the main a
sound, long-headed fellow, who never dreams of
giving a systematic, continuous support to that of
which his reason disapproves. Irishmen may be led
astray by their impulses, but Englishmen are not to
be stirred, unless their movements be sanctioned by
the promptings of their cool and sagacioiis judg-
ment. Had the Anti-Corn-law League been the
mere sp
ecious humbugwhich its enemies represent
it to be ; had its views been the mere crazy specula-
tions of a set of impracticable theorists, it never
would have known so long a term of existence as it has
done ; its first year would most probably have been its
last, for the public would have found out its hollowness,
and treated its pretensions with contempt. But the
League is powerful because the principles which k
upholds are sound. Its influence is on the increase,
because the more they are canvassed, the more its
views are found to be in accordance with justice and
common sense. In plain truth, it gives lucid and
forcible expression to the one great want of the age
—Free-trade, which means neither more nor less than
extended trade; the privilege of employing the re-
sources of industry and enterprise to the best advan-
tage; of giving fair play to all and showing favourit-
ism to none; of quickening the spread of intelli-
gence and civilisation by bringing the remotest
ends of the earth into closer and more har-
monious connexion with us than has hitherto
been the case. As barbarism follows in the train of
war, so civilisation follows in the footsteps:of com-
m
uneir
imice.
ted xNeowtentsn
the League eague is the great advocate of
commerce ; hence the secret of

its moral influence—hence its unrivalled popularity
among all the thinking, humane, and patriotic mem-
bers of the community. As the founder of this noble
Confederacy, Mr. COBDEN has established claims on
the respect and gratitude of his countrymen scarcely
inferior even to those of the conqueror of NAPOLEON.

Madrid journals of the 31st ult. bring accounts of
the proceedings of the Chamber of Deputies on the
amendment proposed by Senor ISTURITZ, and the
division leaves no doubt that the Bill for reforming
the Constitution will be triumphantly carried through
both Chambers. On the amendment proposed by
Senor IsruatTz to the fourth paragraph, after a dis-
cussion of little interest, a division took place, when
there were :
For the amendment 26
Against it 124
Majority ---98

Another division exhibited the Opposition in a still
worse plight. Senor POSADA moved another amend-
ment, and on the same paragraph, to the following
effect •—" Convinced as the Chamber is that any
change in the fundamental law is a revolution which
will expose the State to serious dangers." Ministers,
he said, by introducing such important changes, had
violated all their engagements and oaths. General
NARVAEZ, on landing from France, had vowed to
defend the Constitution of 1837, and MARTINEZ DE
LA RosA declared that those who wished for more or
less than that Constitution were traitors. He ad-
mitted that the Chambers and Sovereign had
a right to reform the Constitution, but he
thought that the ordinary Cortes should touch
it only in extreme cases, and when the soda
powers should have been completely destroyed'
A Ministerial speaker replied to these remarks,
but no reply was necessary. The Chamber is
evidently resolved to carry the measure with the
least delay possible, and probably in a few weeks it
will be the law of the land. For POSADA'S amend-
ment only two Members voted—the mover and the
seconder, while 138 voted against it.
On the 30th a deputation from the Senate pre-
sented to the QUEEN the address of that body in
answer to the royal speech. Her MAJESTY on re-
ceiving it said—" I have heard with great satisfaction
the sentiments you have just expressed to me, in the
name of the Senate. I rely on your loyal co-opera-
tion to consolidate the empire of the laws and promote
the welfare of the country."
The Public Prosecutor, in reference to the inves-
tigation of the charges against PRIM, contends that
there is ample proofs of a treasonable conspiracy, and
concludes his report by demanding a capital punish
ment.

The accounts from Barcelona are of a inostpainful
character. Four of the unfortunate men sentenced
to death were executed on the 29th-ult. The following
is the account of the melancholy scene published by
one of the journals •—" The aspect of the Rambla
was extremely imposing this morning, when the four
convicts traversed it on their way to the place of
execution. The authorities had displayed a formidable
military force, and religion offered the mournful
spectacle of its majestic participation in that execu-
tion. The cortege was opened by the Congregation
of Blood,' bearing the great crucifix, the object of
their adoration, and preceded by the choristers, who
excited the commiseration of the faithful in favour of
the souls of those whom Justice was about to strike.
Next advanced the condemned, accompanied by two
clergymen, chaplains of regiments, who never ceased
exhorting them until the moment of the execution. A
strong detachment of troops formed the escort, and
the cortege was closed by a large body of military.
The prisoners marched with resignation, and appeared
to pray with fervour." More arrests had taken place.
The Madrid Gazette publishes a royal decree sanc-
tioning an arrangement made on the 25th by the Mi-
nister of Finance with the Bank of San Fernando,
for a further advance of 50,000,000 reals, payable in
November, and of an equal sum payable in December
next.

The Three per Cents. were done at 27i for cash,
and 27 3-16 at 60 days ; and the Five per Cents. at
20k at 60 days.

The Journal des Debuts, on the authority of its
Madrid correspondent, announces the following intel-
ligence :—" The paragraph relative to the marriage
of the QUEEN has been amended by the Committee
appointed to examine the Bill for the reform of the
Constitution. The amendment to which the Minis-
ters have assented is drawn up in the following
terms :—' The ihalifi and his immediate successor
cannot contract a mariage with a person excluded
from the succession to the Throne by the Cortes.
The pretender, Don CARLOS, and his children, are
included in this category." The same journal adds
that the Committee and the Government differ on
the question of a regency, the Government proposing
that in case of minority the regent shall be the father,
mother, or nearest relative to the infant Sovereign,
while the Commission proposes that the law of re-
gency adopted two years since in France should be
exactly copied in Spain.
According to the Courrier Francais, the French
Chambers will not be convoked before the 15th of
December. next. The Minister for Foreign Affairs
expects by that time to have completely recovered
from his present indisposition, which causes some un-
easiness to his friends

The Journal des Debats has a long article on the
defective state of the coinage in France. It states
that the five franc, thirty sous, and one franc pieces
are turned out of the mint in the most disgraceful
manner, and that a great loss is annually incurred by
the country. As a practical instance of the erroneous
system pursued, of weighing the new coinage in
mass instead of in detail, out of a bag of 2,000 f.,
at least a profit of 50f. can be made, by separating
the light from the heavy pieces, and by melting down
the latter, while the former are sent into circulation.
The money-changers make a considerable profit in
the year, by testing all the five franc pieces that pass
through their hands. The article concludes by be-
stowing great praise on the system pursued at the
English mint, and recommends its adoption by the
French Government.

Considerable fluctuation took place in the French
Funds on Tuesday, caused by speculations respecting
the new loan. A report prevailed, that it would not
be for more than 200,000,000 f.—the minimum price
82f„ which, with the dividend detached, would net
80f. 50c. On this subject the France says :
" There are in Paris at present, the heads of three of
the different houses of Rothschild, namely,—MM.
Anselm, Salomon, and James Rothschild. Their meet-
ing is said to have been occasioned by the approaching
adjudication of the loan of 300,000,000 f. They were all
three received on Saturday by the Minister of th 3
Finances. It is said that the chief of the London house
of Barings is also expected, and will also tender."
TIIE BOITESE--WEDNEswor, Noy.

First Highest Lowest Last
Price. Price. Price. Price.
French Five per Cents•..... 119 50 .. 119 50 .. 119 40 .. 119 40
Fours....
Three per Cents..... 82 50 .. 82 70 .. 82 50 .. 82 50
Bank of France 3075 ..3075 ..3075 ..3075
Ladino Bank, I,ooof. Shareslll2 50 ..1112 50 ..1112 50 ..1112 80
5,000 f. Sharessoso "8050 ..5010 ..5040
Belgian Bank 655 .. 655 .. 650 .. 650
Belgian Fives, 1840 •• • lO3l .. 1031 • • 1031 • • 1031
1842 ....•• •• 1051 .. 1051 .. 105/ .. 105 k
Two-and-a-Half 62 .. 62 • . 61 90 • • 61 90
Spanish Threes ••• . • ••• • • • 35 .. 35 . • 35 .. 35
Active .......• .• • • 321 .. 321 .. 321 .. 321
Passive .•• f,g .. 5 .. 51 ,•
Portuguese Five per Cents.. 4531 .. 531 .. 531 .. 53/
Neapolitan . ..• •• • .. 99 40 .. 99 70 .. 99 40 .. 99 60
Roman, ex div •••

RAILWAY SHARES.
St. Germain. •.
Versailles, R. 8... • •
L. 8.•• .• .• •••• 290 .. 291 25 .. 290 .. 290
Ronan ..
Rouen to Havre•• 7BO .. 785 .. 780 .. 782 50
Orleans ...•
Strasburg to . 278 75 .. 280 .. 278 75 . 278 75
Avignon to Marseilles— •••• 837 50 • 842 50 .. 830 .. 830
RAILWAYS FOR THE ACCOUNT, b ov. 15.
St. Germain
Versailles, R. 8........• •••• 407 50 .. 407 50 .. 407 50 .. 407 50
L. 8.......•••—• 290 222 30 .. 290 .. 290
Rouen • • ..1040 ..1045 ..1035 ••1037 50
RouentoHavre•••••••••• •• 782 50 .. 790 .. 782 50 .. 782 50
Orleans ••• •• .• •- •• —1027 50 ..1027 50 ..1027 50 ..1027 50
Strasburg to Bale 278 75 .. 280 .. 278 75 .. 280
Avignon to Marseilles— •• 835 .. 815 .. 832 50 .. 832 50

We understand that Mark Napier, Esq., advocate
has been appointed Sheriff Depute of Dumfriesshire, in
room of Sir Thomas Kirkpatrick, of Closeburn,
deceased ; and that John Inglis, Esq., advocate, has
been appointed Depute-Advocate in the room of Mr.
Napier.—Edinburgh Advertiser.
ROBBERY AT TEE ROYAL MILITARY ACADEMY,
WOOLWICH.—A labouring man, named John Hawks-
worth, was found in a state of drunkenness yesterday at
Woolwich, and being apparently dressed far better than
could have been expected from his station, with silver
watch and chain, and beautiful satin vest, was taken
into custody ; and it was found that ho was dressed from
top to toe in clothes which belonged to the gentlemen
cadets, and had been stolen from their barracks on the
evening of Monday last, while they were engaged at
their studies. About 12 pairs of trousers have been
found in a bundle whicjt the prisoner had, besides a great
number of other articles. It is not yet known how he ob-
tained admission to the barracks or got out, as the wall is
from 1./ to 16 feet high in rear of the building.

FLANDERS >ind HAMBURGH MAILS
BRUSSELS, Nov. s.—There has been very little varia-
tion in the prices of corn. The average price of wheat
last week was 18f. 60c., and that of rye, 10f. 85c.
The greater part of the sitting of the Chamber to-day
was taken up by a speech of M. de Mayer, who vehe-
mently opposed the principle of that augmentation
asked in favour of the members of the magistracy, who,
in his opinion, were sufficiently paid. He declared that
he would only vote for the proposed increase of salary
for the justices of peace.
The Minister of Justice replied to M. de Nayer. He
concluded by saying that, if he felt regret, it was that
he was not able to do mere for the magistracy, consider-
ing the wants of the country.
The sitting ended with a speech of Mr. Savaent
Martel, who insisted on the necessity of immediately
improving the situation of the magistracy, and avoid
any delay.
ALEXANDRIA, OCT. 18.—There is still a total stagna-
tion here in politics, as: well as commerce. Mehemet
Ali is still at Cairo, but is said to intend making a little
tour in Upper Egypt. The steamer from Marseilles,
which arrived on the 12th, brought Mr. Borghe, Bishop
of Agra, accompanied by ten missionaries and sixteen
nuns. He proceeded the day before yesterday on his
way to India.
No postal convention is yet concluded between Eng-
land and Egypt. Astern Bey, the Minister of Com-
merce, has proposed to establish a port between this
and Suez, for the account of the Egyptian Government,
and to place it under the direction of an agent, to be ap-
pointed here, with whom the English agent might make
an arrangement. I will inform you of the particulars.
BERLIN, OCT. 27.—A subject of general conversation
here is a petition which many RUSIIiaIS, living in Russia,
the number of whom may be 50,000, intend to present
to his Majesty the King, in order to obtain some modi-
fication of the convention la'ely concluded between
Prussia and Russia. According to this convention,
Prussians living in Russia, are not to be subject in case
of their having committed any offence to the Prussian
law, but to the more rigorous law of Russia.
ST. PETERSBURGH, OCT. 26.—The Duke of Mecklen-
burg leaves St. Petersburgh to-day, to go to Munich, in
order to visits his relation, viz., his aged mother and his
sister the Empress Dowager of Brazil, whom he has not
seen since her youth. (His Highness has already passed
through Berlin.) Lord Stuart de Rothsay, British Am-
bassador of this court, set out to-day for England,
having obtained leave of absence.
The police authorities are directed not to suffer those
who are exiled to Siberia to take any property with
them, but to take it from them on the way. If it shall
be any considerable amount it is to be sold by auction,
and the proceeds remitted to that Commission at
Tobolsh, appointed to provide for the criminals arriving
at Siberia.—Hamburg papers.
BELGIAN FUND.3.—satisms, Nev. 5.
Actua Debt, 2% per Cent.,
Rothschild's Loan, Five per
Loan of Thirty Millions, Four per Cent... -••
Three per r .......«N OSK
..... irrl e 4
Thirty-seven Millions, aitto-'e.nl•••••••••••
Loan of City, Cu'rpe•••raa••••••••••••••••••••••
Society of r
~ommerce , Four and a Half per Cent.
Five per Cent...... ........ 60%
Bank Belgium,
..ue of 11341
Brussels Papers. 6.
- Nov.
AUSTRIAN NOS.—Visreu, Ocr. 30.
. Five per Cents. Metalhques•••••••••••••••••••••••••••••. 109 15-16
Four par
Three per Cents. 75%
Bank Shares .. ... ... owe. 16113
Allgernek;Zeitstg; Nov. 3. •
HAMBURGH BORSENHALLE, Net. 5.
Bills. Money.
Austrian 5 per Cents. ..............«.«.«.«....«.. 112
Bank ••—•••• 163.1 1630

Anglo-Russian Loan
Russian 5 per Cent., Ist series, Certificate losq 105
Inscription, Ist series ............ ..... 1054
Russian 5 per Cent. Hope and Co., 3d and 4th

. .
Series .••• 99% —.
Ditto in Certificates
New 4 per Cent. (1840) 9114 91M
Dutch Actual Debt, 2% per Cent. .... .....
Ditto -5 per Cent. —
Anglo. Danish Loan, 3 per Cent. .............
Spanish, New 5 per Cents. ........ ........ .......
Polish Bonds ........... •••••••••••••• .... •.. •••••••••• •••••• ..• -
New Tickets ... —.

MONEY ANJ) COMMERCIAL NE WS

CITY, FRIDAY EVENING',
Consols closed at 10011- for Money and Account.
Exchequer Bills have been rather firmer to-day. The
Three per Cent. Reduced were 99i ; and the New
Three-and-a-Quarter per Cents., 102-1.
Spanish supported the highest quotations of the morn.
ing. The Five per Cents, were 241 1; and the Three
per Cents., 36 to-I. Portuguese Converted were 551;
Mexican realised 344 ; Chilian, 1021 to 101; Belgian,
101; and French Three per Cents., 83, with the Ex-
change at 25.40._

The additional transactions in Railway Shares have
been these ;---Bristol and Gloucester were 9 ; Cam-
bridge and Lincoln, 11 ; Great Western, 62 ; Kendal
and Windermere, 31 ; Lancaster and Carlisle, 2,1 ; Bir-
mingham, Thirds, 34i 4 ; Brighton Loan Notes, 11 ;
South-Western, 334 ; Croydon, 11 to 2 ; London and
York, 1 ; Manchester and Birmingham, 10i ; New-
castle and Darlington, 28 to ; Sheffield and Lincoln,
Ito Shrewsbury, Wolverhampton, So., /; York and
North Midland, 62; Orleans and Vieraon, 7k; and Paris
and Lyons, 1* premium. Caledonian have been 1; Direct
Northern, to ; Eastern Counties, 111 ; Brighton,
21- 1; and Portsmouth Direct, * discount.
In the Exchange on Antwerp and Amsterdam, there
was, no doubt on account of the new Belgian loan, a
slight decline, but on Frankfort, Hamburgh, and Trieste-,
there was no alteration.

(Frog The Sun of Last Night.)
The transactions in Cotton at Liverpool, yesterday,
were very extensive, amounting to 10,000 bales, but
prices did not advance, the supply being abundant. The
trade were the only buyers. Sales, 1,000 Pernam at 51d.
to 41; 400 Surat at 21d. to 3d.; 100 Babia, sfd. ; 100
Egyptian, 6d.; and the rest American, at 3id. to sid.
per lb.—The Share Market was dull again
ham and Gloucester, 102; Direct Northern, 21; Eastern
Counties, 13k; Edinburgh and Glasgow, 59i; Grand
Junction, 209 ; Ditto, Half, 1041 ; Kendal and Win-
dermere, 5; Lancaster and Prestos, 424; London and
Birmingham, 2121. Ditto, Quarter Shares, 24k; Ditto,
and York, 28; Midland Counties, 107; North Union, 136;
Sheffield and Lincoln, IL 18s. 6d. ; South-Eastern, 42;
Ditto, New, 15!2 ; York and Selby, 79 ; Lyons and
Avignon, 2+; Paris and Lyons 3; Paris and Rouen, 31;
Tours and Nantes, 11. Bs. 6d.

There is an absence of arrivals of importance to-day.
We have accounts from Pernambuco this morning to the
24th September, but we cannot find any political news
of interest The merchants at that port are much d'
appointed at the terms of the new Brazil'
-.an tariff.
There are no more recent advices fry- `
than those referred to on a fe-
occasion.
Houghton and Rio de Janeiro
It appears by the --
trade circular of Messrs. James
Timber - co., of Liverpool, that the imports of
at that port in the past month was the largest
,_ton record, being one-half the supply for the whole
year as respects the produce of America. The receipts
have been, in the period stated, 240 vessels of the tonnage
of 122,285 tons. Canadian produce has been in very
good request—Oats, Deals, &c. The demand for Baltic
timber has been slack. After all, it seems that the
reduction in the duties upon timber has not, as expected,
sacrificed the trade in Canadian produce.
One or two of the daises in the Supplemental Treaty
with China, as ratified, has taken most of our merchants
connected with the trade by surprise. The clauses by
which the Chinese merchants are bound to ship goods
bought at Hong-Kong, and destined for the five ports
open to our trade, in Chinese vessels, will deprive us of
the whole of the carrying trade expected to have been
participated in by our shipowners, who have vessels
in that quarter of the world. Still, however,
the opinion is entertained, that when the superiority of
our vessels for early transit, our rapid modes of loading
and unloading are extensively known, that the old and
slow operations of the Celestial captains and crew will
be put aside in favour of our ships, &c.
A firm market has ruled for the English Funds to-
day. The Commissioners purchased Reduced Three per
Cents. at 991, and New Three-and-a-Quarter at 1021.
The only price of Consols for Account has been 1001
and for Money 100/ j. Bank Stock has been done at
205, and Exchequer-bills at 665. to 645. premium. For
Old South Sea Annuities 98f has been paid to-day, a
rise of 1 per cent. on the previous. value. In the other
securities not much alteration has taken place.
The denial by the Spanish Finance Minister here, M.
Borrego, that any bonds or coupons sent in for concella-
tion have been, or are intended to be, re-issued in a sur-
reptitious way, has produced a slight rise in the value of
the Stocks of the country. There are, however, not a
few of the bondholders who think the reply of M.
Borrego, to the request for information by the
Chairman of the Committee of the Bondholders on the
subject, not explicit enough. There may be a reserve
to the amount talked of, 600,0001. or 700,0001., available
for issue, if circumstances permitted such a proceeding,
and which would be little else than roguery. Spanish
Three per Cents. have risen from 351 to 34. The Ac-
tive Bonds have been nominally at 24i for the Account.
The Portuguese Converted Stock has this morning
reached 56/, but have again receded to 554. In the
other Bonds the business has been very trifling.
The market for the Railway Shares has not on the
whole been quite so firm as it was yesterday. The
latest quotations are annexed.

PRICES OF BRITISH FUNDS AT ONE O'CiIIOCK.
(From the Official List.)
Bank . . ..... 205

3 per Cent. Reduced Annuities ..............« 99%1g
3 per Cent. Coniols. Anns
New 314 per Cent. Annuities ••• •
Long Annuities, Expire sth Jan. 1860... .....
Ditto 30 Years, Expire 10th Oct. 1859
Ditto .30 Years Expire sth Jan. 1860. •••••••

South Sea Stock. - —
_unto out Annum..
Consol, for Account ....»•••.»..••»•»,».».»...• 100%95
Exchequer Bills. I%d. 114 d
10001., •••••••••••••• ****** woe ..... •••••••••••• 66 64 pm.
OUW• ,a,.. • • ••••••••••••••••• •••••••••••• 66 64 pm.
Ditto.al-a1i..... •••••••• ....•."..•• 66 64 pin.
Ditto Advertired..........
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Belgian Bonds, 5 per Cent lO2
Brazilian Bonds, 5 per Cent ...................
Danish Bonds, 1825, 3 per Cent. SO
Mexican Bonds, 1837, 5 per Cent ... .........
Portuguese Bonds, 5 per Cent...............
Ditto Converted ..
55% 56% 55%
Ditto for the Account ..... ............................ 56
Russian Bonds, 1822, 5 per Cent ll9
Spanish Bonds, Five per Cent 1840 —
Ditto Delerred.....-...... .......................
Ditto Three per Cent. ••••••••••••••••••••••••••••••
Ditto for the Account •••••••••••••••••••••••••••••• 35% 36% 36
Dutch 2% per Cents ... 6'2%
Dutch 5 per Cent 5........................................ 99411
PRICES OF SHARES AT ONE O'CLOCK.
RAILWAY& PAID. PE ft SNARE.
Birmingham and Gloucester lOO .........10254 ...... to
Ditto New ........ ........ ....
Bristol and Gloucester go ......... 40
Cambridge and Lincoln
Direct Northern. 234 2% ...... to
Eastern Counties ..»....».......»..25 ~».»• 13304 •.. to 14
Ely and Bedford
Great Southern and Western] 5
(Ireland)
Great North of England.. ....... ... 100 120%
Ditto Fifths ..... • ...... ..........•• 12 ....•..... 25 .....» to 21%
Lancaster and Car1i5ie............... 10 ......•.. 13
London and Birmingham.
Dit o 4 Shares ...... ... ..... -•.... 2 ••••••••• 24% ••.•• to
London and Greenwich ..... ....... 12%
London and South Western ...... 41% ....„. 71 .
.. to
London and Croydon
Ditto Guaranteed 5 per Cent
London and Y0rk..................... 21( 2% ..... .... to 3
Lynn and Ely 11(
Manchester and Birmingham ... 40 ........ 51
Midland ••.....•.... .............. ••..•• 100 .........106 107
Birmingham and Derb- .... ...... 100 .... .... 78
Newcastle and Darlington Junct. 21 .......„. 494 i
Norwich and Brandon ............. 6 ... ...... 101 to 10
South Eastern and Dover ..... .... 321ffi
Ditto New .. ........... ....". 4 . ...... 154
York and North Midland .....•••• 50 :L....
Ditto Selby Scrip ..„.......»..... 20 .... ..... 79 .., to 78%
Orleans and Vierzon .............. 2 ......... 9%
Boulogne and Amiens
Orleans. Tours, and
•Bourdeaux 1 ..... .... 3%. ........ to
Paris and 0r1ean5....•............•.... 20 . . 39%% .to

Parisand R0uen.....«.......»........ 20 ......... 394 q se. to ....
Rouen and Havre.

Errata in yesterday's oue o'clock List—Read Great
Western Fifths, 25k, instead of Grand Junction Fifths ;
and Paris and Orleans, 39i a I, instead of 38i a
MA.NCHESTER STOCK EXCHANGE, Nov. 7.—Although
we have had a considerable business doing, prices gene-
rally are drooping. Burnley and _Accrington, 2f ;
Wigan and Liverpool, 44 1-16; Cambridge and Lincoln,
2 ; Churnet Valley, 3* ; Huddersfield and Manchester,
5 41 ; Huddersfield and Sheffield, 4* • Leeds and Dews
bury, 6i- ; Lancaster and Preston, 4g-: ; Manchester and
Buxton, 2 1-16 ; Manchester and Birmingham, 504 ;
Ditto, Quarters, 5 ; South-Eastern, 7 11-16 ; West
Yorkshire, 8 ; Manchester and Liverpool District Bank,
10 9-16.

CLOSING PRICES.
BRITISH FUNDS.

Back Stock ex dlv. 205 Ditto Bonds £l,OOO — pm.
3 per Cent. Red ............ 9954 Ditto under £1,006 — pm.
.3 per Cent. Cons. ..... ...... 100% South Sea Stock
934 per Cent. Red — Ditto Old Annuities ... 9854
blew 3% per Cent. .....
New 5 per Cent."... ......
Jan 1860. .... ......... 12 1.16 Ditto 5ma11..„....„..... 66 pm.
Oct. 1859............ 11 13-1.6% Bank Stock for Acct....
Jan. 1860..„.„....... 125( 5-16 Consols for Act. looh
Indian 5t0ck...... .......... ... India Stock for Acct.." --

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