The Sun.
London, England, 1844-11-13 00:00:00

THE NEW FRENCH LOAN.
The Mon iteur of Sunday contains a royal ordinance,
authorising the Minister of Finance to proceed to the
adjudication of the sum of 200 millions out of the 300
millions remaining of the loan for 500 millions, which
the French Chambers voted in 1841.
" ROYAL ORDINANCE.

" With reference to the 35th article of the law 9f
June 25, 1841, with reference to our ordinance of Sept.
18, 1841, with reference to the 21st article of the law of
the 4th of August, 1844, and on the report of our
Minister of Finance, we have ordained and do ordain as
follows:
" Art. 1. Our Minister of Finance is authorised to
proceed at once to the sale by competition, with publicity
and by sealed tenders, of the sum of Three per Cents.
required to produce a net capital of 200,000,000 of
francs. These rentes to bear interest from the 22d of
December, 1844. The sale shall be made to the company
offering the highest price, save the reserved minimum
fixed on by our Minister of Finance.
" Art. 2. In conformity to the dispositions of the
second paragraph of the above-named article of the law
of 25th June, 1841, the dotatiun of the sinking fund shall
be increased from the Ist January, 1844, with a sum
equal the one-hundredth part of the nominal capital of
the rentes which may be negotiated in virtue of the above
article.
"Art. 3. Our Minister Secretary of State of Finance
is charged with the execution of the present ordinance.
(Signed) " LOUIS PHILIPPE.
" Palace of the Tuileries, Nov. 9, 1844."
" THE CONDITIONS OF THE LOAN.
" The Minister Secretary of State for the Finance De-
partment in execution of the royal ordinance of this date,
declares as follows:
" Art. 1. At twelve o'clock precisely on Monday,
Dec. 9, at the Ministry of Finance, will be proceeded in
public sitting to the sale and adjudication, by sealed
tender, in one lot, and to the highest bidder, the sum of
Three per Cent. rentes necessary to produce, at the price
adjudged, a capital of 200,000,000 of francs.
" Art 2. The rents so adjudged shall be inscribed
with interest from Dec. 22, 1844.
" Art. 3. The payment of the two hundred million is
to be made in the following proportions and dates:—
December 23, 10,000,0001. 1845—Jan.23, 10,000,000 E ;
March 7, 10,000,000£ ; April 7,10,000,000 f. ; May 7,
10,000,000 f. ; June 7,10,000,000 f ; July 7,10,000,000 E ;
Aug. 7, 10,000,0001. ; Sept. 8,10,000,000 f. ; Oct. 7,
10,000,000 f ; Nov. 7,10,000,000 f. ; Dec. 8, 10,000,0001.
1846—Jan. 7,10,000,000 E ; Feb. 7,10,000,000 E; March 7,
10,000,0001.; April 7, 10,000,0001.; May 7,10,000,000 f.;
June 8, 10,000,0001. ; July 7,10,000,000 f. ; August 7,
10,000,000 E—Total, 200,000,0001.
" Art. 4. The Minister of Finance, on the day named
for receiving tenders, will open the sitting by placing on
the table a sealed parcel, containing a declaration signed
by him, with the minimum price at which he will con-
sent to the sale and adjudication of the rentes represent-
ing the said capital of 200,000,0001. The said declaration
is not to be opened, except in case no tender reaches the
sum fixed on by the Minister.
" Art. 5. Sealed tenders will be received from the
hands of the different bidders, be numbered, and arranged
for opening in public court, and in their presence. A
tender delivered cannot be withdrawn.

MONEY AND COMMERCIAL NEWS
CITY, TUESDAY EVENING.
Consols leave off about the same as yesterday, viz.,
160 it there having been Money argams also at 106 a.
Exchequer Bills were at a decline to 625. and 60s. prem.
The New Three-and-a-Quarter per Cents. were 102.
The Foreign Market was rather flat up to the close.
Spanish Three per Cents. were 35i, and the Deferred,
15 1-6 to 15. Mexican were 35i to ; Brazilian, New,
85i to 85 ; Colombian, 13i ; Belgian Scrip, a premium;
and Dutch Two-and-a-Half per Cents. 624
The additional transactions in Railway Shares have
been these :—Cambridge and Lincoln, s ; Churnet
Valley, 4 ; Diss, Beccles, and Yarmouth, ; Great
Southern and Western (Ireland), ex New, 34 ; Great
Western, Half, 35i- ; South-Western, 32i ; Croydon,*
Manchester and Leeds, Half, 15 ; Newcastle and Dar-
lington, 28 to 27i ; Norwich and Brandon, 34 ; Ditto,
New, 14 ; Shrewsbury and Birmingham, ; South
Devon, 1 ; South-Eastern, 9a ' • Ditto, Scrip, lik ; York
and North Midland, 60k; and Boulogne and Amiens, 2
premium. Direct Northern, ; and Brighton, 3.-1 dis-
count. London and Westminster Bank Shares were 64
premium.

- The Foreign Exchanges were firm on Amsterdam,
Antwerp, and liamburgh, and on Frankfort rather
higher, but were barely supported on Paris and Trieste.
The following is the official return of the exports of
bullion from the port of London for the week ending
Thursday last :
Gold Coin to Mauritius 332 ounces.
Silver Coin to China 4,000 „
Silver Coin to Rotterdam
(Fro!: The Sun of Last Night.)
There was a very fair demand for Cotton at Liver-
pool yesterday, at firm prices. Sales about 6,000 baler
viz., 200 Bahia, at SP. to 5 d. ; 300 Maranham, at 4P.
to sd. ; 50 Pernam, at 54d.; 200 Egyptian, at 50. to
6d.; and the rest American, at 34d. to 54d. per lb.—
Shares were without alteration. Bristol and Gloucester,
37; Caledonian, 4i}; Churnet Valley, 28; Eastern Coun-
ties, 134 ; Ditto, Perpetual, No. 2,20 s. ; Grand Junc-
tion, New, Quarter, 151; Kendal and Windermere, 4 ;
Lancaster and Preston, 45; London and Birmingham, 213;
Manchester and Birmingham, 494 ; Midland Counties,lo4 ;
North Union, 139; Shrewsbury and Grand Junction, 5-i;
South-Eastern, New, lli; Lyons and Avignon, 21. 1 ls.;
Paris and Lyons, 3 1-20; Paris and Rouen, 39 ; Paris
and Strasburg, 21. 6s. 6d.
We have no arrivals in the City to-day, if we except
accounts by a transient foreign vessel, to September
15, from Rio de Janiero. At that period trade was a
little more animated, but it appears the imports were still
in excess. This might arise, however, from the desire of
parties to get in their goods before the advanced duties
came into operation, and which would, of course, leave a
better margin for profit. The exchange had been up
to 25k.

The particulars relative to the new emission of the
French loan have given decided satisfaction in the
City, as the arrangement is considered the most fa-
vourable that could possibly have been made, the instal-
ments being spread over a period of twenty months.
The bare rumour that these were all to be made good in
three months had excited much uneasiness from the de-
rangement which such a plan would have caused in the
Money Market. As it is, the amounts payable will be
but 10,000,000 francs each time, and no doubt a large
proportion, whoever may obtain the contract, will be
allotted in the French metropolis, as well as in the other
Continental cities.

The Funds opened rather flatly this morning, not-
withstanding the advance in the French Funds, and
money being in rather more request, stock was offered
more freely. Consols have ranged from par to ioof for
Money, and from 100* to 1004 for Account. Exchequer
Bills have been down to 635. and 61s. premium. The
New Three-and-a-Half per Cents. have realised 1014 to
1021 ; and the Three per Cents., 99i to
Spanish Bonds have given way this morning, the Five
per Cents. being marked 24h 4, and the Three per Cents.
There is nothing of importance from Spain, but
the advices of the dreedful hurricane at Cuba lead to the
apprehension of a greatly diminished revenue this year
from that source. Portuguese Converted Stock has been
5.54, and rather dull. Mexican Bonds are quieter at 354,
Colombian at 14, and Brazilian at 88. Dutch Two-and-
a-Half per Cents. are 62i f, and Russian Bonds are 119.
In Shares business continues to be limited, and prices
ara still rather heavy.

PRICES OF BRITISH FUNDS AT ONE O'CLOCK. •
(From the Official List.)
3 per Cent. Reduced Annuities ........ 994%34
3 per Cent. Coniols. Arms
New 3I per Cent. Annuities 102% 101% 102% 101
Long Annuities, Expire sth Jan. 1860........... 12 11 15-16
Ditto 30 Years, Expire 10th Oct. 1859
Ditto 30 Years, Expire sth Jan. 1860. l2 3-184
Consul, for Account •...,•••••••••••••••••••••••••••••• WO 4 %

Exchequer Bills. 150. 14d.
1,0001. •••••••••••••••••••••••• .. ..».N.,,.. 63 61 pm.
—.
5001.'i' ... ................... ...... 00000 61 63 pin
Ditt0ma11....... ........ ....... oin
0000 62 60 p.
Ditto Advertised.,,, ..... ......
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent. ............ ..... ..., 88
Columbian Bonds. .......„... ...... ,„..,.......... It
Mexican Bonds, 1837, 5 per Cent.
Ditto for the Account 35%
Ditto:Deferred Stock.... .......... ........
Portuguese Bonds' 5 per C"ent..... .. .......
Ditto Converted 55
Russian Bonds, 1822, 5 per Cent ll9
Spanish Bonds, Five per Cent 1840. 24%
Ditto for tne Account 214 %
Ditto Passive Bonds ........... „.........
Ditto Three per Cent.... ...................
Ditto for the Account ••«.«.».».N.».».«.» 35% %
Dutch 2% per Cents.
Ditto for the Account...l.
Ditto 4 per Cent. Certificates 96
Dutch 5 per Cent 5........... ..... ....... .........
PRICES OF SHARES AT ONE O'CLOCK.
RAILWAYS, PAID. PER SHARE.
Birmingham and Gloucester.... 100 ........102 ....... to 101%
Bristol and Exeter
Bristol and Gloucester.... ........ 90
Churnet Valley 2
Direct Northern 2% 2i4 ..... to
E istern Counties ................. 25
Great Southein and Western] 5
(Ireland)
Lancaster and Carlisle. lO .... ..... 13% ..... to
London and Birmingham, lOO 213 ........ to
Ditto 4 Shares 2 244 ...... to —..
London and Greenwich 12% ...... 9% ..„.• to —.
London and South Western 41% ...... 71% ... to
London and Croydon
Ditto Guaranteed 5 per Cent 2 ......... 2% ..... to —•
London and York ........
Midland
Sheffield:and Lincoln ... l4 l%
South Devon lO ~... ..... 11%
South Eastern and Dover .....N.. 32% 424 ..... to 42
Ditto New 4 ........ 15%%% to ....
York and North Midland
Ditto Scarbore' Branch ..N
Ditto Selby. Scrip .................. 20 ••••••••• 79 .• ...... to .....
Boulogne and Amiens
Orleans and Vierzon
Orleans, Tours, and Bourdeaux 1
Paris and Lyons. 2 544 . .... to
Paris and Orleans. .......... ......... 20 ..... 3931% ••• to —.
Parisand R0uen........................ 20
JOINT STOCK RANKS.
London and Westminster 2O 26% ...... to —.
HAMBURGH BORSENHALLE, Nov 8.

_
Bills. Money.
Austrian 5 per Cents.
Bank Shares .... 0000000000 ....... 00000000 1635 —.
Anglo-Russian Loan 1144
Russian 5 per Cent., Ist series, Certificate 1054
Inscription, Ist series — 1054
Russian 5 per Cent. Hope and Co., 3d and 4th
Series ••....• 0000000000 .OO ...•• 99% ..--
Ditto in Certificates
.. 99%
New 4 per Cent. (1840) 91% 914
Dutch Actual Debt, 236 per Cent. 000000000
Ditto 5 per Cent.
Anglo-Danish Loan, 3 per Cent. 86% t 36%
Spanish. New 5 per Cents. lB%
Polish Bonds
_'
New Tickets
-- --

PRUSSIAN FUNDS.—.BERLIN, Noy. 7.
ls Mon
. ey
St. Schuld Sch., 3)4 cent. ........ 100 Bil%
99%
Prussian English Bonper ds, 1830, per cent
Exchange on London — 6 22%
Prussian State Gazette. Nov. S.
MANCHESTER STOCK EXCHANGE, Nov. 11.—We have
had a flat market, without much variation in prices
Burnley and Accrington, 24; Cambridge and Lincoln,
24 11-16 ; Churnet Valley, 3 ; Lancaster and Preston,
431; Manchester and Birmingham, 49i ; Sheffield and
Lincoln, 1i ; Sheffield and Manchester, 961 ; West
Yorkshire, 81.

- CLOSING PRICES.
BRITISH FUNDS
Back Stock ... .." div Ditto Bonds £1,000....«
9 per Cent. Recd.. 093 Ditto under £l,OOO - pm.
3 per Cent. Cons.
...... 100% South Sea Stock
3% per Cent. Red — Ditto Old Annuities
New 331 per Cent. lO2 Ditto New Annuities ...
New 5 per Cent. — EX. Bills, 1,0001. 134 d 62 pm.
Long Annuities to expire. Ditto 500/.
Jan. 1660 l2 1-16 Ditto 5ma11..„....„,,,,, 62 pm.
Oct. 1859 ll% Bank Stock for Acct....
Jan. 1860 1231 Consols for Act. ..... 1004
Indian India Stock for Acct....
FOREIGN FUNDS.
Russian, 5 per Cent...........
M
Ditto, etallic
—.• • •
Spanish, 5 per Cent., 1840,,.
Ditto, 1841
Ditto, 1842
Ditto, —
Ditto, 1841
Ditto, 3 per Cent 3534
Venezuela Bonds, 2 per Ct —
French, 5 per Cent....... —t —c.
French, 3 per Cent —f. —.r.
Exchange ....... « —c.
Dutch. 2% per Cent
Ditto,:s per Cent ... 90%
RES.