The Sun.
London, England, 1826-11-07 00:00:00

FRENCIT STOCKS,

The rise of French Stock goes on at an accelerated rate,
the price of the Three per Cents. at the conclusion of
business on Friday having been 70f. 3.5 c., according to the
letters front Paris. It appears, though the plan is as yet
very imperfectly developed, that some financial operations
of a, very important and extensive nature are contemplated
by the French GOvernment, relative to the gradual re-
duction of the interest of the debt. This has long been
a favourite point with M. Villele, who regards-with pre-
per jealousy the success of England, in the pursuit of a
series of measures tending to the same end, though in-
cumbered. with a debt four times as large as that of
France, and with resources yearly diminishing. It is
well known that the French Minister has already made
two attempts, one of which was a total failure, the
other very , nearly so, and had they succeeded, would
probably, at that time, have proved fatal to the eredit
of some of the very first capitalists in Europe. The
third attempt, it is affirmed, is to be made by the French
Government on its own credit, and on the strength of
certain resources which have been gradually accumulating
for that purpose. The revenue of France, it is said, is
rapidly mi the.inerease, so as to leave a large surplus of
means at the disposal of the Ministers from that source
alone. Added to this, they have the command of a
sinking-fund really deserving of that name, and constituting
one-fortieth part of the whole deft of France, and have at
hand a powerful auxiliary in the Bank of France, which
possesses a superabundant capital at this moment, far more
than ca* be employed for commercial purposes, and which
it Will be glad to lend to the Government. The stock
awarded to the emigrants, the gradual influx of which into
the market obviously kept down the price, now comes out
very slowly, and M. Villele has latterly found his treasury
so well filled, that he has been able in many recent
cases to offer the -parties money instead of stock.--
Nis plan, therefore, is understood to be, to get up the
price of he Three per Cents. in the first instance, and
having raised it sufficiently, to resell the stock and em-
ploy the money in paying off the .5 per Cents. A high
price of the 3 per Cents., it is conceived, will hold out
inducements to many holders of stock of the higher deno-
mination, to make a conversion of it into:3 per Cents.
which there is, we believe, a provision for enabling them
to dO under the old law; and to quicken their disposition
tit do so, M. Villele intends to bring forward another law,
authorising him to purchase the .5 per cents. at par, se-
lecting a certain portion, commensurate with his means,
for redemption either by lot, or in alphabetical order. We
profess to give this only as the reported plan of the French
Minister, and will not, therefore, offer any remarks upon
it until it is more generally known. It may be observed,
however, anti the reduction of our own debt may be quo-
ted as a eastain point, that there is generally a species of
injustied ettuelied to all stich operations, because the gi-
plait, power, which may always command the aid of the
monied- interest, is brought into action to produce such a
forced and artificial circulation as may accomplish the de-
sired end, after which the 'poor fundholder is left to his
fide, and probably suffers within a very short period a loss
* of JO or 20 per cent, on bls capital.----'Pinter.

DAVIS' STRAITS WHALE FISHERY.

(From the Aberdeen Chronicle.)
The following Whale Falling Ships have arrived here
since our lust f----On Saturday, the Letitia, Clark, with 1
fish, 15 tons ; on Tuesday, the Middleton, Cargill, 4 fish,
45 tons ; Hercules, Thomson, 2 fish, about 20 tons ; and
Alexander, Fairburn, with 3 fish, 40 tons : on Wednes-
day, the Neptune, Prods, 5 fish, 50 tons; and on Thurs-
day, the Dee, Cook, with 4 fish, Omit 45 tons of oi4 the
last ship of the season belonging to' Aberdeen, and, it is
believed, the last ship at the fishing ground, whir h she left
so late as eland the t:lth ult.
The ships being now all arrived at or near their re.;
KpccOve ports of destination, the success of die whale-
fishing, !foth at Clreetilmid and Davis' Straits, can.be fully
assert tined. The following, upon the TWA accurate cal-
culation, is the supposed quantity of oil imported, pre-
senting a larger average for each ship than was at one time,
in the early part of the season, anticapated; but, from the
very reduced number of ships engaged in the fishery,
affordiog a result as to the amount of the whole importa-
'dim, which Shows a deficiency in the quantity beyond pre_.
cedent, for many years backward. At both fisheries there
were only 95 ships, of which 5 were lost : the nearest
average which cans be calculated on the remaining 90 ships
is 74 toes to each, taking the fish generally at: 14 toils
each, which gives a total of less than 6,500 tons, not more
than one-third of the importation of a late successful. sea-
son s the price of course 'must experience a considerable
,ado4.nce, although, we fear, not such as to afford an ade-
quate renumeratton to the ship-owner.
The following vessels have arrived here this week from
Quebec Wednesday, the Quebec Parket, Andeurs-
r-
son; Brilliant, Barclay; and Matchless, Nicol : on Th
day, the Diadem, Wallace; and City of Aberdeen, Duthie.
Tloy insve all had passays of about a month, the latter
part rots)', with some hard gales of wind, from which
some of diem have lost bulwarks, &e. the Diadem and
espec' Slly, regarding the latter of which we have
been favoured wits: the following particulars :--
The ittflliant sailet: from Quebec on the sth October,
the City Of ,'sberdeett in company ; left there the brigs
.Jean Willianism4 and Atlantic, Lawson, the former loaded,
the -twitter two-thirds full in the loN7el hold. On the th,
whilst riding abreast of ate Pilgrims :woke the ship 6 U
ster, of and froth Londondeinr, out 46 ;lays, and had lost
on anchor stud chain the night previous, on Ite:! bland
Reef; next Morning saw the ctoi. Roy, Kenn, of Aber,
dein, passing upwards with a fair wn:11 ; saw a num-
ber of vessels bound up, some as far eon: as Isle St.
'Peter, NewfOundlroni—spoke only one vessel Pn the
passage, vit. a schooner, four days from St. John's, IT,F.
bound to Cork. Had very fitte weather until the
23d, when lie experienced a heavy gale at N.N.W. on the
evening of which, whilst lying-to, a sea broke on board;
which carried away the greater part of the bulwarks on
both, sides, Moved the cook-house, tire. On the 27th,
witihrt lying-to, a tremendous sea struck the bowsprit,
iwhilll broke as high as the fore-yard, and carried away
the ii,h;boora, when a seaman, William Thomson, being
then onz on the bowsprit, loosing the foretop-mast stay-
sail, was val:ortunately washed away. About fOur hours
after the arrival of the Brilliant in this harbour, the ear-
penter„lames Duncan, lost his life by the following un-
fortunate and distt.oftsing accident : lie had just gifted from
hie wife, who hatibeot on board to see and welcome home
her husband, and was ,retesting to the vessel, when, in
passing from the Quay on t, plank, he slipped his foot and
tell into the Wators from whia, although he was taken
up in less than three Minlite€4, bay was found to be dead,
every endeavour to restore animation having proved inef-
fectual. I3y this sudden and melancholy catastrophe, hie'
wife and two children, with an aged mother are left de-
pendent ,on the public bounty, while the w 4,,, of William
Thomson sad four children remain also objects at its be.
Jievolcnee.

QUICK TRAVEI,LING.,—The celerity d
an expedi-
tfon of travelling by water as well as by laud,' ha, of
Theatre, sailed, for
usly increased. When leas,
late years, been prodigio
Pri,e'e, the manager of Drury-lane
America, he stated to his treasurer,
that be would re.
turn to Lo.1(1011, positively, on or before, the 14th of
°Luber, the' was in his green-room on the evenin
go
g
of the I lth. Vre remember, two or three years a
'miring the captain ,t 4 one of the American packet
',hips say, that as lie Nos setting out On the voyage
w
' lust •eompfeted, one of the passengers
hich he start
said to him W
, " ell, Captain ...P-----> I have "gaged
to dine in Kent next Sunday duo) 'weal, and if ou
y
'don't have me in time ill never sail with Islv ant.
'' Well," and " were you in bate r thejogputi" wilt'
asked. " Oh, yes,,` said b f'd di • • ‘.
e, ,4 lazi e um 111 Liver-
,, •.