The Sun.
London, England, 1842-12-14 00:00:00

Town-house. The greatest consists, however, in the
destruction by the flames of the papers, documents,
and archives of the city, which were there deposited.
Beyond that, the injury done to the town has been
trifling in proportion to the number of shells thrown,
and the time during which the bombardment lasted.
I have just seen letters which have been received by
one of the refugees here, who had himself commanded
in the free corps, from some friends in Seville and
Cordova. They speak of the perfect tranquillity the
south enjoys ; they add that there is a determination
to participate in no movement which has for its object
provincial or peculiar interests ; the only thing likely
, to excite them would be any attempt against the con-
' stitutional liberty established in Spain. Navarre is
quiet; not a sound nor stir is heard in the Basque
provinces. " Wild Biscay "is in repose, and not a
discordant voice is heard from Sarragossa. If the
majority of the Spanish people detest Espartero they
have a most curious, a most extraordinary mode of
showing that feeling.
I should have mentioned in its place, That it is be-
lieved by the Spanish refugees that the trifling effect
produced by the shells was intentionally produced,
and it was arranged so as that the greater part should
fall harmless. Such seems to be the feeling of all
parties amongst the Spaniards. If this be true, it is
highly favourable in every point of view to Espartero.
EIGHT o'CLocx, P.m.-1 he entry of the troops into
Barcelona was effected in the most peaceable manner. ,
It had all the appearance of a quiet parade. The Na-
tional Guards and the soldiers embraced each other,
and fraternised together in the most amicable manner.
Over 900 shots were fired into the city during the
bombardment. There was little loss of life ; and the
public edifices, with the exceptien of the Consistorial
house, did not suffer much. Several private dwell-
ing-houses were, however, much injured. In the
Hotel des Quatre Nations alone six shells fell, five of
which took effect.

Sixty-nine shells burst in the air.
There are at this moment something more than
10,000 troops in the city and forts. The foreign Con-
suls have returned to their houses. Fortunately the
warehouses and manufactories have suffered but little.
The latest accounts from Barcelona are up to four
o'clock on the evening of the sth.

MONEY MARKET and CITY NEWS

FROM THE MORNING PAFERS OF THIS DAY.

CITY, TUESDAY EVENING.
TIMES.----It has been already stated that the pros-
pect of a reduction of the Three-and-a-Half per Cent.
Stocks chiefly causes the announced Canada loan to
be regarded with interest. Those holders of the
heavy stocks who would like to see their present an.
nuities continued for twenty years more, are anxi-
ously calculating the price at which they could pur-
chase the Canada Four per Cents. to yield them the
same return. The value of 106, which was mentioned
yesterday, is not the full value of 100 of Four per
Cent. Stock, if 3i per cent. interest is to be obtained,
though it is thought likely that price will be offered
in the tenders. On the other hand, several calcula-
tions have been made giving far too high a value to
the Canada stock, and, according to these, the price
of 115 would represent the value of 100 at 3i per
cent. This calculation is right, supposing the an-
nuity to be interminable ; bvt its fallacy consists in
overlooking the fact that the Canada stock is redeem-
able in twenty years, which gives it a very different
value. The following calculations, based on the cur-
rent interest tables, have been made by an intelligent
member of the Stock Exchange, and will serve to
give a clear view of the subject. It must be borne in
mind through the whole calculation, that it is made
on the assumption that interest is at 3i per cent. :
The value of 1/. per annum for 20 years is,
by the tables

14.212

This multiplied by 4 gives ..
The value of 1001., receivable in 20 years,
supposing the stock to be redeemed, is ..

56.848

50.257