The Sun.
London, England, 1842-04-12 00:00:00

THE SUN, LONDON, TUESDAY MORNING, APRIL I`2, J 842

ago but for the old obstacle to all French bUCCOSS—Eng-
land., We are at work it scents everywhere, and the
Court of the Emperor of Monocco is as much our tool as
the Court of Delhi or Lahore. We make slaves of one
half the world and tools and fools of the alter half. So
affirm the French Opposition journals. The Debate.
which speaks the language of the Court, commenting on
the news from Africa, says:—
Three interesting facts are thus proved by the last official
dispatch from Algeria. In the first place the General was
not surprised by Kader, as was at first said from Oran,
for he marched rapidly against the Emir. But the Arab
chieftain rendered the movement fruitless, by falling sud-
denly on the territory of Tlemcen, whilst the General was
acting in quite a different direction. Secondly—lf he was staff-
ciently strong with 2,500 French troops, Mustapha's Douaira,
and the allied Goums (the contingent) to attack the Emir as
he has just done, and to beat him with three battalions only,
it does not follow that he 'was powerful enough to cover all
the country against the invasion of the Morocco tribes, fanati-
cised and excited by Abd-el-Kader. And lastly,—the difficulty
of his position is sufficiently proved by the double reinforce-
ment which was sent him by General Bugeand who detached
from Tlemcen a battalion of his own expeditionary column,
ordering at the tame time General Lamorieiere to send to the
same place one of the battalions from the division of Mascara.
The plan of Abd-el-Kader is to intimidate the tribes, and to
detach them from us by the perpetual threat rf an invasion-
Ile desires to show them that he is still formidable, still a Sul-
tan, still ready to fall on them in order to punish their infide.
lity, and that the French will never be able to defend them
from attacks as rapid as unexpected. We always said that he
would often re-appear, and fora long time to come he will re.
appear. like Jugurtha, in spite of atl his defeats. But at last
Jugurtha was destroyed, and we shall kno* how to imitate the
peseverance of the Roma 3S.
Tim recent defeat of the Government candidate at
Metz, is quoted by the Opposition papers as a proof of
what the liberal electors might effect were they only to

act in concert. That, however, they will not do. The
Opposition in France has no trustworthy head, and is
totdlly without proper organization.
Marie Martha Leduc, grand-niece of Pierre Corneille, the
Shakspeare of France, died in Paris on the 9th instant. She
served as a cook in the family of Madame Dumont, and vene-
rated," says the Presse, .* in the simplicity of her heart, the
name of Ler grand-uncle, whose masterpieces she admired
without having ever read them."

A Vienna later of the 30th ult., in the Gazette of Upper
Germany, announces the departure of the son of Don Francisco
de Paula, without having been presented, notwithstanding a
residence of four months in the city, to the Imperial family.
The same letter states that Prince Nicholas Esterhazy and the
Princess were expected at Vienna from London, and that
Prince Paul Esterhazy, father of Prince Nicholas,, intends to
retire from public Lie, and fix his residence at Vienna, after
having visited London to take leave of Queen Victoria.
It appears that the explanations given yesterday to the Com..
mittee on the Budget, by the Minister of Marine and M.
'l'upinier, Director of the. Ports, that, by means of a credit
of 91,923,000 francs, the Government will maintain first,
the artillery and infantry serving alternately in the seaports at
home and beyond sea, on the.r present footing of 20,302 men ;
and secondly, either at sea, in port, ready for sea, or laid up,
158 vessels, consisting of 20 ships of the line, 12 frigates, and
38 war• steamers. Of this naval force, having in officers and
crews 28,350 men, 140 vessels are to be fully fitted out, 4
placed in readiness for sea, and 14 laid up in ordinary; but
the greater part of the latter are ships et the line, and it is
•on this point that discussion chiefly arose in the Committee.

The Queen held an Investiture of the Crder of the
Garter on Monday at Buckingham Palace, at which hits
Grace the Duke of Buckingham was invested with the
Order of the Garter. A similar honour was conferred
by the Queen upon Lord Salisbury, and after-
wards upon the Duke of Cleveland. His Grace
the Duke of Wellington and several other Knights of the
Garter, and also his Royal Highness the Duke of Cam-
brige, assisted at the ceremony. The Lord Mayor and
Corporation of London afterwards presented an Address
to her Majesty against the Corn-laws.

- -
MONEY and COMIIIERCIAL NEWS
CITY, MONDAY EVENING.
Business in the English Foods has been chiefly confined to
some small purchases in the New Three-and-a-Half per Cents.
for investing the dividends just paid, the price of which is
1001 100* ; Consols remain at 914 90/ fur Money, and for
the Account on Thursday; and 911 91* for May. rack Stock
166 167 ; Exchequer Bills 36 38 prem.
In foreign Bonds but little was done. Tne quotation for the
Portuguese Five per Cents. was 36 361 , the 'three per Cents.
21 211; Colombian, 27/ 1; Mexican, 404 41* ; Spanish
Active Five per Cents, 251 *0; and the Three per Cents.
25/ /. The price of Belgium was 103 104 ; Brazilian,
671 681 ; Danish, 80/ 81 ; the Dutch Two-and-a-Half per
Cents 521 ; and the Five per Cents. 100 100%.
A fair inquiry existed for Railway Shares, and attention was
principally directed to those lines which are not yet in full ope-
ration, it being, apparently, considered, that this description
affords the better opportunity for a fair speculation, the shares
in meet of the others having now reached their maximum value,
and, thereto! e, not likely to be brought currently into the
market. London and Birmingham, 85 87 ; Great Weitern,
281 29/ ;"the Half Shares, 15 151 premium; Birmingham and
Gloucester, 56 58 ; South Western, 60 61 ; Gosport, 66 61 ;
North Midland, 71 72; the New Shares, 35 35/ • South
Eastern and Dever, 28* 29* ; Blackwell, 12 12* ; ;he New
Shares, 10 10* ; Brighton, 36* 37 per share ; Eastern Coun-
ties, 13/ 13/ discount.
The foreign letters have been confined to that portion of
the Overland Mail from India which comes by the way of Fal-
mouth. The more important part of these appeared in Thi
Sun some days since, having been received via Marseilles.
The improved culture of cotton, by the introduction of seed
from America and Mexico, appeared to engage a large portion
of the puqlic attention ; and although hitherto the experiments
had not been so eminently successful as many sanguine persons
had hoped, still sufficient had been accomplished to prove that
ultimately East India Cotton would he so improved as to super-
sede the coniumption Amarican cotton in the country to a
great extent. The details furnished by these papers are of
much interest, and will form the subject of a future article.
(From The Sun or Last Night.)
The near approach of the present'Aceount, the settlement of
which takes place on Thursday, has prevented any great amount
of business; the market, however, is firm, Consols being 90i
, 904 fOr the Account and fur Money, and 911 *, for the 26thst
May; Three per Cent. Reduced, 89/ SO; New Three-and-a-
Half per Cents., 100/ 100*; India Bonds, 16; and Exchequer
Bills, 36 38 prem.
Scarcely a bargain has taken place in Foreign Bonds, ant.
the quotations are generally lower, with great fatness. Mexicar
are quoted 41* with, and 381 without the coupons; Peruvian.
17/ ; Portuguese, 361 36* ; Spanish Active Fives, 251; and
the Three per Cents., 25/. The price of the Dutch biz per
Cents., is 1001, and of Brazilian" 671.
The market tor Railroad Shares is good, and there has been
a fair demand.. Great Western, 931; North Midland, 711;
Ditto, Thirds, 221. 13s. 4d. ; London and Birmingham, New
Thirds, 294 30; South Western, 60* 60#; Norti.ern and
Eastern, 41/ 42 ; Eastern Counties, 91 9 ; and Brighton,
36136/.

Mercantile letters from the manufacturing districts give rather
snore favourable accounts of the state of trade. The reduction in
the rate of interest, it is supposed, has caused the improvement,the
demand for goods being better, although the advance in prices
is but small. It will be necessar) to observe much caution ir.
financial operations connected with the country, lost an undue
amount of speculation be encouraged, in preference to exertions
for restoring trade to that healthy state from which it has so
long been removed.

The dividend upon the New Spanish Three per Cent.
Stock has been paid to-day, according to promise. This is the
first Spanish promise, connected with financial affairs, which
has been kept t..r a number of years, and it is mach is be
feared it will be the last, for a period at least as long as that
which has already elapsed, that can be fulfilled. With a re-
venue scarcely equal to one-half the expenditure, and the obli-
gation of borrowing year by year to meet the deficiency, it is
not to be expected that the interest on the foreign debt
can be paid, however desirous the Members of the
Spanish Government may be to endeavour to preserve
the national faith. And, although in this solitary
instance, that which was promised has now been;fulfilled, forme)
Ministries have appeared to be anxious only to discover how
much they could dupe their victims who, unfortunately, lent
their money.
lhis payment is certainly something for the bondholders, hie
before purchases of these documents be made, in the expecta-
tion that the dividends will continue punctually to be met, it
must be remembered that the finances of that country have.
for a number of years, been in a state of hopeless ina.l-
- that for five years and a half not a sixpence has been
remitted to this country tow ardsliquidating nearly 10,000,000 i.
of interest, and that the money now being distributed has beer
borrowed after long and protracted negotiations, and the re-
signation of finance agents, and refusals from others to under
take the office.

Th. remainder of the overland mail from India has been de.
livered, but aids nothing to the accounts received by the way
Fiance.

LIVERPOOL COTTON:II.IEXE/, APRIL 10.--The sales ta•dac
amount to 3,000 bales, incluuing 300 Surats, 31/Id., ; 10(
Pernam, 7d., ; the remainder, American, •tid. to 61,id.;
200 bales American have been taken for export, prices remaic
the same as last week.

LIVERPOOL SHARE MARLET, APRIL 10.—An improve.
meta has taken place during the present week, particularly in
the Great Western, North Midland Thirds, Edinburgh ant,
Glasgow, Eastern Counties, and Manchester and Leeds Quar-
ter Shares. In some a considerable rise has taken place,
Great Western having risen from 93 to 95; Half Shares of
ditto from 64} to 66; Manchester and Leeds, 80i to 84 85;
Quarter Shares ditto, from 92 to 95i to
MANCHESTER STOCK EXCHANGE, APRIL 9.—The Share
Market continues to exhibit much firmness, and the recent ad-
vaace in prices is well maintained. The sales are Edinburgh ant'
Glasgow, 481 48i ; Alanchester and Leeds Quarters, 54 ;
Bank of Manchester, 4i; Stockport Cemetery, 41. les. 9d.
CLOSING PRICES.
BRITISH FUNDS.
India Stock .....

fink Stock ... '

3 per Cant Red 9O Ditto Bonds l4pm
3 per Cent Cors 9o} Ditto Old Annuities ...
3} per Cent Re,
New 3} per Cent
New 5 per Cent.
Long Annuities Loexpire Ditto Small 3B pm
Jan. 1860 .... 12/ Bank Stock for Acct ...
Oct 1859. .. ..... I'2l India Stock for Acct....241}
Jan. 1860. .. l2 11-16 Consols for Acct 9o}
FOREIGN FUNDS.
Austrian, 5 par rent.... !Portuguese, 5 per cent.
Belgian, 5 pet rent — :Ditto, New Ditto —
Brazilian 800n5.... 67i Prussian, 5 per cent. , —
Buenos Ayres 6 percent Russian, 5 per cent....,, 112/
Chilian, 6 per rent..... 80 'Ditto, Metallic ..... ..
Colombian, 6 per cent.. !Spanish, 5 per cent..., 2s}
Ditto, 1824.......... ..... --!Ditto, Deferred.... ~ —
Danish, 3 per cent ... !French, 5 per cent. —i. —e.
Greek, 1825, 5 per cent. !Exchange I -c.
Mexican, 5 per dent.... 40i
,French, 3 percent BO . 50c
Ditto, 6 per cent. 1837 . Dutch, 2} per cent. , . 52/
Perevian,lB2s, ti per ct. 17} Ditto, 5 per cent. .. . 100 a
SHARES.
Eastern Counties Railway (23 paid) ...
Ditto New Shares ( paid) .
Edinburgh and Glasgow (50 paid) ...... ... 48}
Great Western Railway (65 paid) 94
Ditto New Shares (50 paid) ,,, 65}
Ditto Fifth (4 paid) ... 10}
London and Brighton (50 paid)..
London and Birmingham (90)
Ditto New Shares ( 2 paid...
London and South Western
London and Croydon Railway (Trunk) l3}
Manchester and Leeds (70 paid)
Ditto New Shares (30 paid) ... ***
• 351
Ditto Quarter Shares ( 2 paid) . 5
Northern and Eastern ........
(45 paid) 41d
North Midland Railway (100)
...........
22/ 13s 4d
ili
Ditto 'fhird3 ( paid) ...... .........
Paris and Rouen (14 paid) ...................... ..
..
.
.
14/
South Eastern and Dover (50 paid) . 09