The Sun.
London, England, 1844-02-16 00:00:00

THE SEN, LONDON, FRIDAY EVENING, FEBRUARY 16, 1844.

kept in a state of sulky subordination by the pre-
sence of English troops, occupying it as though it
were an enemy's country ; but it would never be
cordially reconciled to us—never act as our right
arm in the hour of difficulty and danger.

Madrid papers of the Bth have been received, but
they add little to the intelligence published on Thurs-
day. Madrid, by order of the Captain-General
NARVAEZ, had been declared in a state of siege,—
that is under martial-law. The editors of three
Liberal journals have announced that they are com-
pelled to suspend their publication under such extra-
ordinary circumstances. " Absolute power," says
one of them (the Eco del Comercio) being now esta-
blished, and the sword of a soldier suspended over our
heads, we are compelled to yield to force and discpn-
tinue our labours. The whole is now placed in an
exceptional condition, under the rule of the sword.
The military authorities are invested with all the
public powers. They dispose of the lives of citizens
whom they can send to the scaffold by merely ac-
cusing them of indirectly favouring revolt. Before
retiring from the contest, we protest against a mea-
sure so illegal and so tyrannical. Whilst there existed
a shadow of liberty we supported our principles at all
risks, like men of courage and conviction. But now
our sacrifices would be unavailable, for we should
soon fall into the snares which are laid for the organs
of public opinion."
The Espectador made a nearly similar declaration,
and published its last number with several blank
columns.

The Three per Cents. were done at 281 for cash,
and 29 at 60 days, and the Five per Cents., at 20i
and 19i at 60 days.

All the Paris papers of Wednesday publish a tele-
graphic dispatch from Calais, announcing the convic-
tion of Mr. O'CoNNELL and the other traversers. They
make few comments on it, however, as the real nature
of the verdict given on Saturday was hardly intelli-
gible to Englishmen, and would, therefore, ill bear a
translation. The Courrier Francais, however, reck-
oned a conviction as certain, and remarks :—" Will
Sir R. PEEL thereby reduce the agitator to silence?
—does he imagine that the complaints of Ireland will
be extinguished by his imprisonment ? The English
Government has these questions to solve ; but British
philanthropy temporises with the ills of Ireland, and
to gain time has provoked a condemnation. This
miserable 'expedient of a petty policy will be a lasting
shame to the Tory Ministry and to the Judges !"
Queen CHRISTINA was to leave Paris on Thursday
for Marseilles, and proceed to Spain from that place
by sea.
The French Funds were very firm on Wednesday.
The Three per Cents. closed at 82f.. 50c. ; the Five
per Cents., 12M. 80c. ; Orleans Railroild Shares, 852 f.
50c. ; Rouen, 832 f. 50c. ; Havre, 672 f. 50c. ; Avig-
non, 757 f. 50c.

THE BOURSE-WEDNESDAY, FEB. 14.

•
First Highest Lowest

Last

Price. Price. Price. Price.
French Five per Cents. .• . • 125 70 • • 125 70 .• 125 60 .. 125 65
Four per Cents. •• •• 106 50 • • 106 50 •• 106 50 • • 106 50
Three per Cents.• •• • 82 50 • • 82 50 •• 82 35 • • 82 45
Bank-of France 3275 ••3275 3275 3275
Lailltte Bank, I,ooof. Sharesllos • • 1105 .. 1105 • • 1105
5,000 f. Sharesso67 50 • • 5067 50 ..5067 50 ..5067 50
Belgian Bank . 675 . • 675 .. 675 .. 675
Belgian Fives .•••••• • . • • • • 1071 • . 1071 .. 1071 • • 1071
1840 •••••• •• 1091 .. 1091 •• 1091 .. 1091
1842 •• .• •• 1101 .. 1101 •• 1101 .. 1101
Spanish Active
Passive ...... •• • ... 51 .. 51 54 .• 54
Portuguese Five per Cents.. 47 .. 47 .. 461 .. 461
Neapolitan •• • • ....... ••• • • 106 • • 106 •• 105 50 .. 105 50
Roman •
RAILWAY SHARES.
Versailles, R. 8.• ••• • • 351 25 • • 351 25 .• 351 25 • • 351 25
L. 8.• •• • • • 172 50 .. 175 172 50 .. 175
Rouen • • • • ..... • • • • • • • • • • • 835 • • 835 • • 835 .. 835
Rouen to:Havre .• • •
Orleans
Strasburg to Bale 247 50 .• 247 50 •• 243 75 .. 247 50
Montpellier to Cette • . 495 • • 495 • . 495 .. 495
Avignon to Marseilles— •• .. 765 • • 765 • • 760 .. 760

RAILWAY SHARES, FOR THE ACCOUNT.
Versailles, R. 8... ••••.. .. .. 350 • • 352 50 • • 350 .. 352 50
L.B. ..... . .. .... 167 50 • • 175 • • 167 50 .. 175
Rouen • • • • • • • • • • .. .. 835 • • 835 • • 832 50 • • 832 50

---
Rouen to Havre.• . ....... 675 .. 675

• • 670

.. 672 50

Orleans • • • • • •

.... 850

.. 852 50 .. 850

.. 852 50

Strasburg to Bale • • • • • • .... 248 75 •• 248 75 .. 243 75 .. 246 25
Avignon to Marseilles.• •• •• 760 .. 760 • • 757 50 .. 757 50

The Army Estimates, Ist April, 1844, to 31st
March, 1845 (laid upon the Table of the House of
Commons, and ordered to be printed on the Bth inst.),
consist, in the first place, of the state of particulars re-
spectively attached to the Two Votes into which the
" Charge for her Majesty's land forces at home and
abroad' is condensed :—Arote 1, declares the number
of men to be takenfor the year ; Vote 2, the estimated
charge for the same. Vote 1, sets out, " the number
of officers, non-commissioned officers, and rank and
file which, it is proposed to maintain for the service
of the United Kingdom of Great Britain and Ireland,
(exclusive of the troops employed in the East Indies),
for the above period," at 100,295. Vote 2, esti-
mates the charge of her Majesty's land forces
for service • at home and abroad for the
same term, at 4,475,8261. But, since the charge for
five regiments of cavalry, and twenty-three regiments
of infantry, which are employed in the East Indies ;
and the charge, also, of the East India depots at
Maidstone and Chatham, are defrayed by the East
India Company, their amount (together 939,9061.)
are to be deducted from this aggregate, as well as a
further sum of 104,1561. on account of appropriations
in aid. The net amount, therefore, to be provided
under terms of vote 2, is 3,431,7641. The total net
amount to be granted for these services, and for the
several other services forming the subjects of the re-
maining votes comprised in these estimates, is (effec-
tive and non-effective) 5,984,5241. This total, for
last year, was 6,225,1031., showing a decrease in
the Army Estimates for the present year, as com-
pared with those for 1843-44, of 240,579/. The
charges for the current year, on account of the several
services under the class " Effective," are stated, re-
spectively, thus :--Staff Officers, 158,231/. ; Public
Departments, 90,308/. ; Royal Military College,
17,9181.; Royal Military Asylum and Hibernian
Schools, 13,406/.; Volunteer Corps, 86,077/. • Un-
provided Services of former years, 1,6491. The total
of these is 3,783,4371. (the item on account of Royal
Military College, &c., being defrayed by an appro-
priation in aid). The amount to be provided for
" Non-Effective Service" is thus distributed :—Re-
wards for Military Services, 13,953/. ; Army Pay of
General Officers, 77,000/. ; Full Pay for Retired Offi-
cers, 62,300/. ; Half-pay and Military Allowances,
450,0001.; Foreign Half-pay, 54,9321.; Widows'
Pensions, 141,610/. ; Compassionate Allowances,
Bounty Warrants, and Pensions for Wounds,
110,000/. ; In-Pensioners of Chelsea and Kilmain-
ham, and Out-PensionerS of Chelsea Hospitals,
1,252,792/. ; Superannuation Allowances, 38,500/.
These Estimates are prepared with great minuteness
and in much detail ; and all the items are stated with
remarkable distinctness and precision.

ARRIVAL OF THE AVON WEST INDIA STEAMER.—
This vessel, which has been overdue for some days, ar-
rived at Southampton on Thursday morning. The de-
lay had been caused by severe weather in the Gulf of
Mexico, which lasted for two days. The voyage alto-
gether had been unfortunate, and the Avon; having
steamed for thirty-five days, consumed all the coals, and
the Captain was obliged to break away the bulk-heads,
and some other parts of the ship, for fuel. She left
Mexico on the 4th of January, where all was quiet. The
Avon left Bermuda for England on the 28th of
January, and on the following day another gale
eame on, the wind blowing a hurricane ; it con-
tinued for forty-eight hours. Sir Charles Adam was at
Jamaica, on his way to Vera Cruz. The Trent brought
the inter-colonial mails for the Avon. The Forth had
left Havannah on the 12th of January, for Jamaica.
The Avon has 503,893 dollars on board, 57,500 of which
are for the Mexican dividends, and 181,251 for the Real
del Monte Mining Company ; the rest on merchants'
account.. Also, 59 serons of cochineal, and 54 cases of
gum copal. The various dates of departure are—from
Tampico, 23d Dec. ; Vera Cruz, 4th Jan. ; Havannah,
16th Jan. ; Nassau, 18th Jan. ; and Bermuda, 28th
Jan. The intelligence by this arrival is not of much
importanPe.

MONEY AND COMMERCIAL NEWS
CITY, QUARTER TO THREE.
The sales of Cotton at -Liverpool, yesterday, were only
2,500 bales, parties awaiting the arrival of the steamer. 200
bales were Egyptian, at 74d. to 841 ; 80 Pernambuco, at
64d. to 6id. ; 100 Surat at 4d. to 44d. and the rest Ame-
rican, at 54d. to 7d., for Orleans. A fair business was done
in Shares, but prices were rather heavy. Eastern Counties
were 101 i; Edinburgh and Glasgow, 59 ; Grand Junction,
227 ; Brighton, 42 ; Midland Counties, 894 ; North Midland,
904 ; Paris and Lyons, 2 17-20 ; Paris and Orleans, 33 ;
Paris and Rouen, 32 ; South Eastern, New, 34#.
The Avon having at last arrived, the community interested
in the West Indies have been much relieved of the anxiety
under which :they laboured, and consider that the steamer
has proved herself an excellent sea-boat. We must observe,
however, that the general accounts from the West India
islands are by no means satisfactory, as in Jamaica the
drought continued most excessive, and the cattle were
suffering severely. The crops must, under these circum-
stances, prove greatly deficient. The island was healthy,
notwithstanding, and it is remarked that the population, at no
period since the emancipation, had been so well conducted.
The state of trade was very indifferent, and capital was
scarce, as well as bills, to remit to England. It will be
seen whether the new colonial tariff will affect the trade of
the island.
From Demerara we hear chiefly of political squabbling,
but the colony is said not to be in a very flourishing state,
though particular estates made good crops. Barbadoes has
been rather better off than Jamaica, but the showers have
been too partial to afford material relief. Trinidad has beeu
favoured bdth in respect to labour and weather.
From Mexico there seems to be nothing of prominent inte-
rest, except what may be contained in the government
dispatches. The remittance for the dividends is 57,000 dol-
lars ; and private merchants, as also one or two of the mines,
have received good amounts
The English Funds are buoyant this morning, and there is
a good business doing. The reduction of the interest on
Exchequer Bills will probably throw more of the unemployed
capital into Consols, which have touched 97# to # for present
transfer, and 974 to # for Account. The Commissioners have
purchased 20,0001. of this security at the highest rate. Ex-
chequer Bills at lid. are 70s. premium. Reduced Three-and-
a-Half per Cents. have been a shade higher, viz , 103 to
1034, and the New, 102 to 102*. The Three per Cents. have
obtained 98* to 98#. Bank Stock has risen to 193* and 194,
and East India Stock is very firm at 2774 to 278.
The Foreign Bonds are rather lively, especially Mexican,
which, on account of the remittance, have touched 354 for
Account, though since down again to 34*. The Deferred
have ranged from 114 to 12*. Colombian Stock has been
buoyant also at 124 to 13. Brazilian are quiet at 79. In
Peruvian there have been further speculative bargains at ad-
vanced rates, 314 up to 32#, but we may anticipate a re-
action, unless some more decided course is found to exist
than the mere prospect of Guano dividends. Spanish Bonds
have been quiet at 234 to * for the Fite per Cents., and at
324 to * for the Three per Cents. The news is certainly not
encouraging, but prices keep steady. Portuguese Converted
Stock is 44* to and flat ; and Dutch Two-and-a-Half per
Cents. are 55* to #.
The Railway Shares are quiet, but in very few instances
lower. Birmingham are 135 to 134 premium, ex div. The
French lines are looking better, and also South Eastern.
Nothing has been done in Blackwell.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 194 19Sti 194

3 per Cent. Reduced Annuities
3 per Cent. Consols. Annuities 97
'
pli per Cent. Reduced Annuities
New 336 per Cent. Annuities lO2
Long Annuities, Expire sth Jan. 1860 12%34 %a
Ditto 3 o Years, Expire 10th Oct. 1859
• Ditto 30 Years, Expire sth Jan. WO.
India Stock 278 27'734
Consols for Account 9734b%
Exchequer Bills, I%d. I%d
1,000/.
Ditto Advertised .. . ....
FOREIGN FUNDS THIS DAY AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Columbian Bonds.
Danish Bonds, 1825, 3 per Cent. B7
Mexican Bonds, 1837, 5 per Cent. ...... 34% 35 34
Ditto for the Account 343„ 3536 34%
Ditto Deferred Stock 113{ "123 1W
Peruvian Bonds, 6 per Cents. 3l
Ditto for the Account. 313 32% 313,E
Portuguese Bonds, 5 per Cent.
Ditto Converted 44
Ditto for the Account 44
Spanish Bonds, Five per Cent 23 %
%
Ditto for the Account 23
Ditto Deferred l3
Ditto Three per Cent
Ditto for the Account L2 i%
Dutch 236 per Cents. s,',
Dutch 5 per Cents. 10173 823 f
New Loan 1837, 6 per Cents.
PRICES OF SHARES THIS DAY AT ONE.
RAILWARS. PAID. .PER SHARE
Eastern Counties
Ditto New 25 12%%... to
Edinburgh and Glasgow 5O ......... 59 .... ..... to
Great Western
Ditto 36 Shares
Liverpool and Manchester 100
Ditto St, Shares
London and Brighton
London and Birmingham Stock .....235.
London and South Western 41% 773%
London and Croydon (Trunk)... 13
Lancaster and Carlisle
Manchester and Leeds...... ......... 70 113%34 ... to
Ditto % Shares
Midland Counties lOO -
Ditto 34 Shares l5 - to
Northern and Eastern 46 M to
Morth Midland
Paris and Orleans
Paris and Rouen 2O 32 % ... to
Rouen and Havre. - 8 .... l 4
South Eastern and Dover
Ditto Scrip
Yarmouth and Norwich

JOINT STOCK SANK&
London Joint Stock
MANCHESTER STOCK EXCHANGE, FEB. 15.—Although we
cannot report any improvement in our market to-day, yet
prices remain firm at the following quotations :—Manchester
and Birmingham, 40 ; Manchester and Leeds Quarter, 94 ;
Paris and Lyons, 2i ; South Eastern, 34i ' • Ditto Scrip, 34i ;
Barnsley Junction, 3i ; Sheffield and Manchester Quarter
Shares, 7 13-16.