The Sun.
London, England, 1842-11-17 00:00:00

The Paris Constitutionnel of Friday mentions a ru-
mour that the French Government contemplates a re-
duction of the army by 50,000 men, and that it is
intended to dismiss one lieutenant and one sub-lieute-
nant from each company.
PARIS BOURSE AND FUNDS.—It was stated upon the
Bourse to-day that the long-talked of commercial
treaty been England and Spain had at length been
finally agreed upon, and that the terms were of a
highly favourable character for British manufactures.
This news, following so immediately the failure of the
Belgian negotiation, rather damped speculation. Five-
per-Cents. opened at 119 f., closed at 118 f. 85c. ;
Three-per-Cents. declined also in the same proportion,
at 80f. 20c. ; Spanish Active 23i ; Passive, 3i ;
Belgian Five-per-Cents., 1031 ; New, 1041.

Sir George Clerk, Secretary to the Treasury, and
Mr. Drummond, Sir Robert Peel's Private Secretary,
left town yesterday, by railway, on a visit to Sir
Robert Peel, at his seat, Drayton Manor, Stafford-
shire. His Grace the Duke of Buccleuch and Lord
Wharncliffe are expected to pay visits to Sir Robert
Peel, on their way to their respective country resi-
dences.

MONEY and COMMERCIAL NEWS.

CITY, WEDNESDAY EVENING:

Since the morning the English Stock-market has
remained in very nearly a stationary position,
being generally steady up to the close. Consols left
off at 94 tot94i for Money, and 941 for Ac-
count. Bank Stock was depressed to 1691, and East
India Stock only brought 260 i. Exchequer Bills
were at 57 to 59 premium, and India Bonds at M
premium. New Three-and-a-Half per Cents. were
dull at 101 i to 1014, and the Three per Cents. at
931 to f.
The Foreign Bonds were supported, and the trans-
actions of the afternoon comprised. Belgian at 1021 ;
Dutch Two-and-a-Half per Cents. at 524 ; Buenos
Ayres, 221 for Account; Portuguese Converted 32:1 ;
Spanish Actives, 181 ; and the 'Three per Cents. 221.
Railway Shares did not sell freely, and the nearest
prices were these—Eastern Counties were 141 ;
Brighton, 15 ; Croydon, 41 ; and North Midland 40i
discount. Paris and Rouen were 24 to 3 premium.
Australasian Bank Shares were 121 ; London and
"Westminster, 2 ; and Union of Australia, New,
2:1 premium.
(From The Sun of Last Night.)
The sales of cotton in the Liverpool Market yes-
terday fell off to 2,000 bales, but prices remained the
same. In Railway Shares a fair business was done
at steady prices. Eastern Counties were 83_ ; Edin-
burgh and Glasgow, 47 ; Grand Junction, 173;
Great Western Half, 61 ; Liverpool and Manchester,
180 ; South Western, 591 ; Paris and Rouen, 22i ;
and South Eastern, 224.

No news of the Britannia steamer.
There are accounts two days later from Port
Philip, viz., to the 21st of May, but they contain
scarcely an item of intelligence of interest to readers
here. After the previous serious depression, it is
satisfactory to find that stock was improving in value,
large sales of sheep having been made at higher
prices. For the supply of the Launceston market
heavy contracts had been made with the Port Philip
graziers, one butcher having agreed to take 15,000
sheep during the short winter. A more efficient sys-
tem of police for the protection of the colony was
projected, and increased taxation was to be submitted
to for the purpose.
From incidental notices in the Australian papers it
would appear that the trade of New Zealand is greatly
on the increase. During the year ending the 21st
April last, there arrived at that colony no less than
230 vessels, of 33,000 tons.
The Quebec packet ship brings advises one day
later from New York, viz. October 21. The Canal
business appears to have been slack, and a good deal
of chagrin is manifested at the return of the Commis-
sioners sent to England to negotiate a loan, without
having met with the success anticipated. The failure of
their mission, which some of our London capitalists
are said to have regarded with a favourable eye, is
ascribed to the indisposition of the public to be any
longer duped into loans for foreign States, among
which repudiation is so popular, and also to the de-
cided hostility of the press. It may be remarked
that " repudiation" is so very convenient to the ma-
jority of a people by nature averse to taxation, that
although the principle may not be assented to, the
fruits are cheerfully received, and thus every encou-
ragement is given to pursue the swindling system. In
a recent speech to a Local Congress, the Governor,
after remarking on the state of the times, adverts to
the state of the finances, and observes, that for the
relief of the people taxes should be taken off, but that
no interest could be paid on the foreign debt! Cool
this !!

In Canada an effort is to be made during the next
session of the Local Parliament to reduce the public
charges ; first by retrenching all sinecures and unne-
cessary offices ; secondly, by a moderate reduction in
the several salaries on the Civil List, and all other
branches of the public service, to a scale com-
mensurate with the revenue and liabilities of
the province, and also to bring into consideration
the expediency of abolishing all perquisites and fees
of office, and o-f
commuting the same tbr fixed salaries
or allowances, and of forming such perquisites and
fees of office, as it may be deemed expedient to con-
tinue, into a fund applicable to the public service.
There is very little business doing in the Funds
to-day. The brokers for the Savings' Bank Corn-
missioneri took about 5,0001. Stock. Consols have
again touched 941 both for Money and Account ; the
quotations are at present a fraction lower. There has
been scarcely any alteration in the Three-and-a-Half
per Cents. The premium upon the Unfunded
Debt has somewhat declined. Money is rather
more in request, and we trust for commercial pur-
poses. The premium upon Exchequer Bills has fallen
from:6os. 61s. to 575. 595. Bank Stock has been
offered at 172.
There is an improvement in the demand for Dutch
Stock to-day, and the Two-and-a-Half per Cents.
have advanced to 53 ; the Five per Cents. may fairly
ber
Spanish Stock has improved a
t
44-13Onds having been sold at 181, and
h
Cents. at 20. Mexican Bonds
tiefleNew
quotedeth we
'three
Active a at
0 p r
hadrealised 35-1 ; Belgian, 102 ; and Buenos Ayres, 22.
A good deal of business has been transacted in the
Scrip of the North Eastern and Midland Railway
Shares this morning, but at fractional variations mit,
from the quotations of yesterday. The Bristol and
Exeter Shares have been sold at 251 discount • the
Great Western at 19 'prem. ; the Brighton at 1 dis-
count; the South Western at 18 prem. ; the Manchester
and Leeds at 2 discount ; and the North Midland at
40 discount. There have not been any transactions
reported in the banking shares to-day.
In the Colombian Market several public sales have
been brought forward to-day, most of which have
gone off without much animation. Prices cannot in
any one instance be quoted higher than yesterday.
MANCHESTER STOCK EXCHANGE, NOV. 15.—Our
market continues very inactive, and there is but
little disposition for business.—Edinburgh and Glas-
gow, Quarter Shares, 41. 16s. ; North Midland, 62
62f • London and Birmingham, 181 183 ; Liverpool
and kanchester, 177 179; Eastern Counties, 8i 8k;
Manchester and Liverpool District Bank, 10*.
CLOSING PRICES.
BRITISH FUNDS.
Bank Stock— 169/ India Stock ....... pm
3 per Cent. Red. 931 Ditto Bonds . . s.lipm
3 per Cent. Con. . ..... 94/ Ditto Old Annuities ...
3} per Cent. Red... ......1004 Ditto New Annuities...
New 3/ per Cent... ...... 101/ Ex. Bills, 1,000/ 2d. 57 pm
New 5 per Cm. Ditto 5001...... 59 pm
Long Annuities to expire Ditto Small ...... 59 pm
Jan. 1860 ...... 12 7-16 Bank Stock for Acct. 170
Oct. 1859 ...... India Stock for Acct...
Jan. 1160 Consols for Acct....... 94k
FUNDS.
Portuguese, 5 per cent.
Ditto, New Ditto
Prussian, 5 per cent.
Russian, 5 pet cent.....,
Ditto, Metallic ...... .
Spanish, 5 per cent lBl
Ditto, Deferred....
French, 5 per cent. —f —e.
Exchange —f. —c.
French, 3 per cent —f.
Dutch, 2/ per cent. 524
Ditto, 5 per cent. 1001