The Sun.
London, England, 1844-11-25 00:00:00

ONDAY EVENING, NoVfriVIBER 25 1

MONEY AND COMMERCIAL NE S

CITY, QUARTER TO THREE.
The Cotton Marltet at Liverpool was dull on Satur-
day. Sales 3,000 bales.—A fair business was done in
Shares, at about previous rates. Aberdeen, 2 ;
Bristol and Gloucester, 35 ; Churnet Valley, 3i ;
Direct Northern, 465. 3d. ; Eastern Counties Per-
petual, No. 2,20 s. I Grand Junction, 215 ; Ditto,
Eighths, 153- ; Hull and Selby, 70 ; Lancaster
and Preston, 461 ; Liverpool and Manchester,
New, 34 ; London and Birmingham Quarter Shares, 26;
London and Brighton, 471 ; Manchester, Bolton, and
Bur 122/ ; Manchester and Leeds, 114 ; North Union,
140*; Trent Valley, 71 ; Lyons and Avignon, 545. ;
Orleans, Tours, and Bordeaux, 87s. ; Boulogne and
Amiens, 78s. 6d.

If the following statement be correct, received this
morning from New York, the holders of State Bonds are
in a very bad position :—" Since the departure of the
last steamer there has been quite a decline in the quo-
tations for many of the State stocks, including some
of those now regularly paying the interest on their
public debt. Indiana, Illinois, and Pennsylvania State
stocks have fallen off very much, and a further decline
in the market value of the stock of delinquent States
must be experienced. The election of Mr. Polk
settles the policy of the administration of the general
government for the next four years, and the principle of
distribution falls to the ground. The hope that many
entertained of the success of Mr. Clay, on account of this
principle alone, must now be abandoned, and the cre-
ditors of the delinquent States look to other sources for
the payment of their bonds. Every State must now
depend upon its own resources. Nothing can be ex-
pected from the general Government to aid them
ia their financial difficulties. We cannot at present
see the slightest favourable indication in the movement
of the repudiating States, calculated to afford the most
trifling hope to those interested in the regular payment
of the accruing interest on their large debts. So far as
the State of Illinois is concerned, the whole negotiation,
about which so much has been said, and so much time
and money consumed, is narrowed down to the decision
of the Legislature of the State in the coming winter."
The demand for British manufactured goods had ra-
ther improved. The balance of trade was against the
United States, and specie was ia demand for exportation
to Europe. The Cotton market was brisk. The Corn
trade was dull.

From Canada we learn that a great deal of interest
was taken in the result of the elections, which were all
but completed. Sir Charles Metcalfe would, it was fully
expected, have a full working majority to carry on his
Government. True it is that a few names are on the
list of returned members of a most doubtful and sus-
picious repute. Nevertheless it is to be hoped that the
general policy of Sir Charles may be carried on, as his
desire is to extend the prosperity, and to develop the
resources of the Canadas. The weather had set in very
severely.

These are accounts from Buenos Ayres to-day to the
7th September. It appears that conflicts were still in
progress with the Monte Videans, and that they have
in some instances the advantage, at least according to
their own accounts.
The Government brokers took about 15,0001. stock in
the New Three-and-a-Quarter per Cents. to day at 102 k.
The market for the Funds has fallen to some extent in
consequence of the news from tke United States being
considered as rather unfavourable—the election of Mr.
Polk to tho Presidency being held as against British in-
fluence. The prices of Consols for the Account this
morning has been 1001, and for transfer to-morrow,
loot The premium on Exchequer Bills has risen
to 625.
In the Foreign Market a fair amount of business has
been transacted to-day. Spanish Stock has scarcely
been so firm as it was, as it appears that the statement
of the capture of Zurbano has not been confirmed. Spa-
nish Bonds have been at 24, and the Three per Cents.
at 351 Dutch. Fourper Cents. have been taken at 97; the
Five per Cents at 99; Russian at 119 ; and Mexican at
351 In the other Foreign Bonds the variations have
been slight to-day.
In the Share Market more business has been effected
this morning. Prices are on the whole rather lower,
especially the Birmingham and Gloucester, the Bristol
and Exeter, the Churnet Valley, and some f the French
lines of railway.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock
S per Cent.. Reduced Annuities
a per Cent. Condole. Anna: ..... ....... 100 U}i
New 31,( per Cent. 102
India 80nd5,1,000........«.
Ditto under
Consolq for Account
Exchequer Bills.
1 WOI.

83
100%

1%4. 134 d.
, - ..........„ 60 62 pm.
- , - „«.«.«..„«.«.«..60 62 pin.
Ditto-- - ------ •••••••• ..... •••••••••••• 60 62 pm.
Ditto Adverti57......... --. ..„.».•... -
FOREIGN FUNDS THIS DAY AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent........."....... 351 e
Columbian Bonds. ••„.•••„•«...„-„•„•«•»•«••••• 13%
Mexican Bonds, 1837, 5 per .nt. ................ 35)4%
Ditto for the Account ...................... 35%
Portuguese Bonds, 5 per .e.ent. ••............• • ... -
Ditto Converted ..... ...„ ....... ••••••••••—••••••••
Ditto for the Account ..., ....................... 55
Russian Bonds, 1822, 5 per Cent.....,............... 119
Spanish Bonds, Five per Cent 1540............... -
Ditto for the Account.. ...... ........ .......... „..... 24
Ditto Three per Cent. •••••••••••••••••••••••••••••• ..'
Mt. for the Account •••••••••••••••••••••••••••••• 35%
Dutch 235 per Cents.. , ........... ....... ......... -
Ditto 4 per Cent. Cert....idcates
Dutch 5 per CentS...••••0000000001100.0•••••••••••• *Goof* 99
PRICES OF SHARES IHIS DAY AT ONE O'CLOCK.
RAILWAYS. PAID. P 8 :SHARE.
Birmingham and Gloucester lOO ......... 97 ...„. to -
Bristol and Exeter 1........„ 7O ......... 69 to -
Bristol and Gloucester....... 3O „....... 34„ to
Cambridge and Lincoln -
'Chester and H01yhead............... 5 ......... 5% to -
Churnet Valley •••••••••••••••••••••••• 2 ......... 3)6% ••• to -
Direct Northern ........... ........... 235......... 2% to -
Eastern Counties .. . „ ...Fee.. 25 ••••••••• 14..... ...• to 13%
Great Southern ai.a.d."Western} 5
113 i •••••• to ...
(Ireland)
Great North of England. lOO ........•118tt ..... to -
Ditte New .......................... 5 ••••••••• 15 ...... to •-•••
Great Western .......• •••••••••••••• 75 ...Poo* 139...••.... to -
London and Birmingam. ..... .... 100 2ls „....... to -
Ditto New ~...... ..... ......„ ..... 2 -
London and 8iackwa11...„.....„... 16% „....
50 ......... 47 %% to -
65...
..• Of to ..
London and Brighton ....... .. .....
London and Greenwich •... ......... 121.. ...... 2 •••••• 10 "
••.„.....London and Croydon ••.„..... 13 ...... 165% ... to -.
London and York.. . ..... 2 ....... 3% ..-.. to -
Manchester and LeediZ.... ... ........ 70 .........113 -•••••••• to -
Ditto )6 Shares.. „.... ........... 30 •••••••••11 4936 Off*** to -
Birmingham sad Derby...,....... 100 ...... ... 7° •••• ..... to -
Newcastle and Darlington Ju et. 21 ..«.„•. 50 51% to 52
York and North Midland .." „„ 50 ~,,_.,.103% •..... to -
Ditto % 5hare5.....„... ........... 25 -
Ditto Extension. .......... „........ -
Boulogne and Amiens..••••••••••••• •ffffe•Of 2 ....„ to: 4
Orleans and Vierzon -
Orleans and Bourdeaux -
Paris and Orleans.. ...
Parisand R0uen......................„ 20 ••••••••• 38% ...." to
-.
PRICES OF IRISH STOCKS, Nov. 23.
per Cent. Consols .„•,,,,,,,,,„,»,,,,„,,,.».„,»..
Three and a QuarteStocl: 102
Ditto New, 1530 ..... . - . .............." .. .. : ........ -
334 per Cent. Debentu"re5".............. ....... ............. -
Long Annuities -
Bank Stock -
Grand Canal Debentures, 6 per Cent.
Royal Canal Stock 37%
4 per Cent. Ballast Office Debentures -
4 per Cent. City Debentures ..... ...... ...... -
Kingstown Railway Debentures...„...„ -.
LAST PRICES OF SHARES
RAILWAYS. PAID. PSI SHARI.
Dublin and K. Railway
.: lOO •....«.• igs
Drogheda Ditto... ~, ............ „..
60 .....". 6Z
Great Southern ancrWestern........" „ 5 . ....... . 0
Dublin and Cashel ditto -
Dublin and Belfast Junction ....... .
Athlone Railway ..
Hibernian Bank... ..... “... 25% •••••• 3A
•-••••„...
Royal Bank
National Insurance 25 38%
Patriotio ditto
Mining Company of 1re1and.......„... 7 ..... „ l4
Wicklow Copper Mines
City of Dublin Steam Company ...... 100
Steam Ship Building Company ...... 50 ..„•« • 54
Ditto Ditto 5O -
Ditto Difto, 1836 .. 5O „.....„ 53
British and Irish Steam Company ... 50 ..„ • 55
Limerick Extension Railway .....«.. 2)4 ••••••
MANCHESTER STOCK EXCHANGE, NOV. 23.—We
have had a quiet market, and stock has been much more
freely offered. Burnley and Accrington, 2i ; Churnet
Valley, 3i ; Kendal and Windermere, at ; Manchester
and Leeds, Half Shares, 49/ ; Manchester and Birming-
ham, 50/ ; London, Worcester, Oxford, and Rugby, 1;
Sheffield and Manchester, 97 ; South-Eastern, new cre-
ation, 7 7-16 prem. ; Sheffield and Lincoln, li ; West
Yorkshire, 71 I.

AMERICAN NEWS.

ARRIVAL OP THE GREAT WESTER IQ
DEFEAT OF CLAY, AND CERTAIN ELECTION
OF POLK- TO THE PRESIDENTIAL CHAIR.
LIVERPOOL, SUNDAY.

The steam-ship Great Western arrived here yes-
terday at noon, bringing New York papers to the 9th
instant inclusive, being eight days• later than the
last arrival. She made her voyage, after an excellent
run, in thirteen days and a half. She brings thirty-
one passengers, amongst whom is Mr. Laning, with
dispatches to Hanover, and Mr. Castelli, with dis-
patches also, for Sardinia.
The most important feature by this arrival is the
defeat of Henry Clay, and the certain election of Mr.
Polk to the Presidential chair for the next term. Clay
has lost the State of New York by a majority of
9,021 ; Pensylvania had also gone against Clay.
Throughout the entire Union the greatest excitement
prevailed, and business was almost entirely suspended.

The number of Presidential elections in the Union
amount to 275, out of which New York returns 26,
and Pennsylvania 26, so that these two States return
nearly a fifth of the whole number.
The days fixed for the several elections were :
Nov. Ist, Pennsylvania 26 electors, Ohio 23.
Nov. 4th, New Hampshire 6, Connecticut 6, Vir-
ginia 17, North Carolina 11, Georgia 10, Maryland 8,
Kentucky 12, Indiana 12, Illinois 9, Missouri 7,
Michigan 5, Arkansas 3, Rhode Island 4.
Nov. 4th and sth, Mississippi 6.
Nov. sth, New York 36, Louisiana 6, Tennessee 13.
Nov. sth and 6th, New Jersey 7.
Nov. 11th, Massachussetts 12, Maine 9, Alabama 9.
Nov. 12th, Vermont 6, Delaware 3.
Dec. 1, South Carolina 2, by the Legislature. •
Of these news from the following States has
already arrived to an extent sufficient to ascertain
the result in each. The figures denote the number
of electoral votes to which they are respectfully
entitled :

Clay. Polk.
Pennsylvania
Ohio 23
Connecticut 6
Rhode Island
New Hampshire 0
Maryland 8
New York
Virgiria
New Jersey

48 85
STATES NOT ASCERTAINED, BUT CONCEDED.
Massachusetts l2
Vermont 6
Kentucky l2
Maine
South Carolina
Alabama
Illinois 0
Missouri
Arkansas 0

78 131
STATES NOT ASCERTAINED, NOR CONCEDED.
Delaware
North Carolina
Georgia
Mississipi
Louisiana
Tennessee
Indiana
Michigan
The total number of electoral votes is 275 ; and
the number necessary to elect 138. If, therefore, the
figures of the above table are correct (and we take it
from the Whig New York journals), Polk but re-
quires to carry one state of not less than seven votes,
and there are four such, and he is elected. The Whig
organs, generally, freely acknowledge the defeat of
their party, and seek for its causes in what is desig-
nated " the naturalization of foreigners for the oc-
casion."

Upon this subject the New York Weekly herald
says—

"Annexed will be found returns—not official, but
sufficiently accurate for all practical purposes—from
fifty-four counties, which give Mr. Polk a majority of
9,021, the remaining three counties having only
given 3,732 for Harrison, in 1840. The most start-
ling defection to Clay has taken place in the abolition
counties of the west. These have, probably, voted
largely for Birney, although we have none of their re-
turns as yet; but that alone can account for the di-
minution of Clay's votes from Harrison's. Mr. Clay
came to Cayuga-bridge with only about 7,000 majo-
rity, a very serious diminution from the vast popula-
rity of Harrison in 1840. The excitement last even-
ing throughout the city was of a most tremendous
character.

" Thus, the important question of the next Presi-
dency is settled at last, and, just as we have all along
predicted, in the teeth of the politicians around us.
New York city has determined the vote of the State,
and the State settled that of the Union. If the Whigs
could have formed a complete combination with the
natives here, with even the existing vote of the aboli-
tionists at the west, they might have carried the State
and elected Mr. Clay. But their policy, management,
and managers, for the whole canvass, have been
bad, intolerant, silly, and contemptible. It is the
Whigs themselves who have destroyed Mr. Clay's
chances, they have sacrificed by their intolerance and
squabbles, and humbugs, the prospects of one of the
noblest statesmen in the country, though some-
what defective in certain small points. Mr.
Polk is undoubtedly a good man, and will make a
good President, but he never can pretend to possess
the personal talents or influence that Mr. Clay could.
He will encounter mighty difficulties from the various
cliques now forming to influence his action. We will
have a Van Buren clique—a Class clique—a Tyler
clique—a Calhoun clique—all striving to possess his
confidence. exclusive of the others. He will be tor-
mented from this time forward, during the next four
years, by office beggars and politicians. If he have
the firmness to keep aloof and act on independent
principles, he may have some peace and a little
comfort.

" Thus at last have the democracy had a mighty
triumph—but their victory arises as much from the
folly of their opponents as from their own merits and
exertions."

The latest accounts at Canada from New York
give the following result of the elections : 40 Con-
servatives, 23 Radicals, and 9 doubtful.
There are eighty-four members in all to be elected,
and by the above, seventy-two are certainly chosen,
giving the Governor-General a majority of at least
eight, throwing the doubtful ones against him.
Twelve more are to be returned.

NEW YORK MONEY MARKET, Nov. 8.
There was another very general decline in stocks
to-day, undoubtedly produced by the result of the
election in this State. Farmers'Loan fell off 2 per
cent ; Illinois, 21; Indiana, 1i ; Pennsylvania Fives,
; Ohio Sixes, I; Stonington, 1i ; Norwich and
Worcester, 1; Harlem. 1 ; Mohawk, 1 ; Canton,
2i ; Long Island, 1; Morris Canal, 1; Kentucky
Sixes, United States Bank, and Erie Railroad closed
firm at yesterday's prices. The sales were not very
large, but the opinion among operators appear to he
favourable to a further decline.

Sterling Exchange for the steamship to-morrow is
very firm at 101, and in several instances 10i was
demanded. The inquiry is very limited, and it is
probable that most of the operations will be made
to-morrow.

Since the departure of the Acadia, the New York
Herald says there is quite a decline in the quotations
for many of the State stocks, including some of those
now regularly paying the interest on their public debt.
Indiana, Illinois and Pennsylvania State stocks have
fallen off very much, and a further decline in
the market value of the stock of delinquent States,
must be experienced. The election of Mr. Polk
settles the policy of the administration of the ge-
neral government for the next four years, and the
principle of distribution falls to the ground. The
hope that many entertained of the success of Mr.
Clay, on account of this principle alone must now be
abandoned, and the creditors of the delinquent States,
look to other sources for the payment of their
bonds. Every State must now depend upon its own
resources. Nothing can be expected from the gene-
ral Government to aid them in their financial diffi-
culties. We cannot at present see the slightest fa-
vourable indication in the movements of the repudiat-
ing States, calculated to afford the most trifling hope
to those interested in the regular payment of the ac-
cruing interest on their large debts. So far as the
State of Illinois is concerned, the whole negotiation
about which so much has been said, and so much
time and money consumed, is narrowed down to the
decision of the Legislature of the State the coming
winter. If a tax is levied, the bondholders of
Europe advance the amount agreed upon, but if a
tax is not levied, the whole concrn explodes,
and the affairs of the State, so far as re-
gards her debt, fall back to their original
position. The subscription to the proposed loan
remains open in London until the Legislature
decide the question. Some additions have been
made to the subscriptions here, but not to an amount
to affect the end desired. Indiana is beyond hope ;
holders of stock of that State, in Europe, have em-
ployed Governor Davis, of Massachusetts, to lobby
for them through the approaching session of the
Legislature, to obtain, if possible, some action
in re-
lation to their demands. As for Pennsylvania, itis
at present impossible to tell what may be the
result of the course adopted by the last Legis-
lature to meet the interest punctually on the
immense debt of the state. The sale of the public
works is out of the question. It will be found im.