The Sun.
London, England, 1842-12-28 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, TUESDAY EVENING.
The English Stocks have received some support
from the improved tone of feeling exhibited at Paris
in reference to the Barcelona affair, but very little
speculation is going on. Consols closed at 933
to 938 ; Exchequer Bills at 555. premium ; and the
Three-and-a-Half per Cent. Annuities (the Old)
at 101*.
There was an apparent disposition to do business
in most of the Foreign Securities, and the quotations
generally improved. Spanish Five per Cents. left off
at 19, and the Three per Cents. at 25. Portuguese
Converted were 33:1, and the Three per Cents. 24*.
Mexican Bonds were rather better, being 31- to 318;
Chilian were 744- ; Buenos Ayres, '25 ; Brazilian, 714;
Peruvian, 18A.; Russian Stock was firm at 1131 to
1i 31 ; and Dutch Two-and-a-Half per Cents. brought
528 to Altogether the Foreign Market was most
buoyant and animated.
Since this morning the only bargains in the Share
Market have been in South Eastern and Dover at
27* discount, and in Australasia Bank at 131 prem.
It is satisfactory to notice that the Exchanges were
again more in our favour. These were the rates given
this afternoon :—Paris, 25f. 92ic. to 97c.; Hamburgh,
13 111 to 12; Antwerp, 12 54 to 12 6 ; Frankfort,
1521 to 1 ; Amsterdam, 12 61 ; and Trieste, 10 2.
(From The Sun of Last Night.)
Yesterday having been a general holiday at Liver-
pool, no business was done in either the Cotton or
Share market.
Two new plans, just laid before the Government at
Madrid, for furnishing it with funds to carry on the
administration with vigour, and to effect judicious re •
ductions in the expenditure, have just become known
in the City, where they attract a good deal of atten-
tion, and lead to general discussion among
all parties interested in the affairs of Spain.
Withregard to the proposition for advancing one mil-
lion sterling upon the security of the Almaden mines,
and 500,0001. subsequently, there may he something
feasible • in this, but the other proposition for
guaranteeing the payment of the interest on the three
per cent. debt, provided more three per cent. stock to
the amount of 5,000,0001. is created, and given as
collateral security to the capitalists, so binding them-
selves, is of a most dangerous tendency, notwith-
standing the proviso that the new stock should only
be issued in case of a failure of its en-
gagements on the part of the Spanish Go-
vernment, and then not at a lower price than 35.
Those acquainted with the financial affairs of govern-
ments are well aware of the temptation, when the
coffers are low, of breaking through contracts, and
raising money by issues of stock when once there is
a supply of such on hand; and if the object be to im-
prove the security of the present creditors, nothing
more fatal could, we think, be resolved upon than to
hold such a rod in terrorein over their unfortunate
heads as the contingent issue of 5,000,000/. of stock.
The Almaden mines may be let well, and are quite
sufficient security in themselves, but that a few rich
stockjobbers prefer the plan most likely to put money
in their own pockets.
Free trade principles, we hope, are spreading in
America, as it is stated in the accounts received yes-
terday, that among other objections to the existing
laws, which regulate commerce with other nations, it
has been urged that the want of sufficiently discrimi-
nating impositions, are the cause of great and dispro-
portionate increase in the employment of foreign ves-
sels in the transportation of American produce. The
proportion of United States goods exported in British
vessels to Great Britain direct, declined from one-
third to one-fourth, while the proportion carried in
the vessels of the north of Europe, which are not sub-
ject to onerous taxation at home, has largely in-
(*leased. The vessels of the Hanse towns curry now
200 per cent. of that carried in American vessels, in-
stead of 15 per cent. as in 1821. This is the only
Power which has the advantage of the United States,
in the international trade ; and it arises partly
from the absurd treaty which admits vessels
of all nations to sail under the Hanseatic
tiag, but mostly from the fact, that in consequence
" of the absence of all taxation at home, those vessels
can be built and sailed cheaper than those of the
United States ; and the increasing quantity of cotton
to be carried creates a demand for tonnage, which
they can supply cheaper than the American ship-
builder, whose Government has imposed upon him a
tax of five dollars per ton, to protect the manufac-
turers of iron, cordage, &c. These common com-
mercial principles have infinitely more to do with the
increase or diminution of American trade, than the
dreams of small political lawyers, whose most subtle
paper schemes are set at naught by tradingingenuity."
The market for the public securities has been firm,
though business continues very restricted. The
broker acting for the Savings' Bank Commissioners
has taken the usual amount in Reduced Three per
Cent. Annuities at 941. Consols are 934 to 93* .for
the opening. Exchequer Bills realised 525. to •545.
premium. Reduced Three-and-a-Half per Cents.
101* to 101/ ; and the Old Three-and-a-Half per
Cents. 101 to 101*. The Canada Debentures have
been done at 1+ premium.
In the Foreign Stocks the leading feature has been
the dabbling of a few jobbers of influence in the Spa-
nish investments, upon the strength of the " grand
new and original pantomime," said to be in prepara-
tion for exhibiting more tricks in the finance line, and
building up a famous treasury, not of cards, but of
something equally fragile, Three per Cent. Bonds,
to the amount of 5,000,000/. The Actives have
touched 184 to 191 ; and the Three per Cents. 244 to
258; Portuguese Bonds are firm, the New at 40 ;
and the Converted, 338 ; Mexican Stock has realised
only 311, but Brazilian has improved to 711 ; Dutch
Two-and-a-Half per Cents. have been quoted at 521.
The Railway Shares have been very dull, but are
not lower in price. Edinburgh and Glasgow now
realise * discount ; Great Western, New, 141 pre-
mium ; Brighton Loan Notes, 1 premium ; Paris and
Rouen, 6 premium ; and South Eastern Scrip, 2+ dis
PRICES OF IRISH STOCKS, DUBLIN, DEC. 24.
Three per Cent. Consols
Ditto, New, 1830.
Bank Stock ...

BOURSE--PARIS. SATURDAY, DECEMBER 24.
First Highest ~..owest Last
Price. Price Price. Price.
French Five per Cents. 118 95... 119 ... 118 90... 119
Four per Cents. 101 50... 101 50... 101 50... 101 50
Threes . 78 60... 78 65... 78 55.. 78 65
Bank of France 3315 ...3320 ...3315 ...3320
Laffitte Bank 5,000 f 5080 —.5080 —.5080 —5OBO
Belgian Bank, 1811 108') ...10b4) ...1080 _lOBO
Belgian Fives lo3} ... 103* .. 1031 ... 103}
1840 103 i ... 104 103 i ... 104
Spanish Active. . 231 ... 23 ... 231 ... 231
Passive 4 ... 4 ... 4 ... 4
Neapolitan
Roman lo4k ... 104 i ... 104 k 1041
RAILWAY SHARES

St. Germain B4O ... 840 840 ... 849
Versailles, L.B ll3 75... 115 113 75... 'l5
R.B 2BO ... 285 ... 280 285
Rouen ... .... 640 ... 655 ... 640 652 50
Orleans. 621 25... 625 621 25... 625
Strasburg to Bale 202 50... 202 50... 202 50... 202 50
CLOSING PRICES.
BRITISH FUNDS.
!India Stock — pm
Ditto Bonds
(Ditto Old Annuities
Ditto New Annuities —
Ex. Bills, 1,000/....2d 55 ,m
Ditto 5001_ .. 54
Ditto Small ..... . 55 fin
Bank Stock for Acct.
India Stock for Ofig...
Consols for Opg. 93i
!FUNDS.
iPortuguese, 5 per cent.
Ditto, New Ditto
!Prussian, 5 per cent —
Russian, 5 pei cent 1134
!Ditto, Metallic ...... .
'Spanish, 5 per cent., l9
Ditto, Deferred.... .
French, 5 per cent. —f. —e.
Exchange —f —c
French, 3 per cent —f. —c.
Dutch, 2i per cent....... 52i
Ditto, 5 per cent. ..

Bank Stock
3 per Cent. Red.
3 per Cent. Cons
3i per Cent.
New 3i per Cent Cent
New 5 per Cen.
Long Annuities to expire

Jan. 1860
Oct. 1859

Jan. 166 U

r3REiGD

4nstrian, 5 per cent
Belgian, per cent
Brazilian Bonds...
Buenos Ayres 6 per cent. 25
Chilian, 6 per cent. 74i
Colombian, 6 per cent —
Ditto, 1824

Cuba'Bonds, 6 per cent.
Danish, 3 per cent —
Greek, 1825, 5 per cent —
Mexican, 5 per cent 3li
Ditto, 6 per cent. 1837
Peruvian, 1825,6 per ct.

, . .
SHARES.
Edinburgh and Glasgow (50 paid) ... ... ___.
Ditto New Shares ( 5 paid)
Great Western, (64 paid)
Ditto New Shares (50 paid)
London and Brighton (50 paid) _
Ditto Loan Notes (10 paid) .. .....
Paris and Rouen (20 paid)
South Eastern and Dover (50 paid)...., 224
Ditto Scrip (20 'mid)
COURSE OF' EXCHANGE—(YESTERDAY.)
Amsterdam CF. 12 sir Gibraltar ..
Ditto, at sight
Rotterdam ...2 U. 12 9 Genoa
Antwerp
Hamburgh M.B. 13 15 Venice
Altona
Paris, 3 days' sight ... 25 $0 Palermo, per oz 124
Ditto, 3 months 26 5 Lisbon
Marseilles
Bourdeaux 26 10 Rio Janeiro 25
Frankfort on Maine ...152i 'Bahia
Petersburgh, 3 Us. ... 361 /Buenos Ayres —
Berlin...
Vienna, eiTqc. 11. 3 M lO 2 Philadelphia 4d
Trieste, ditto lO 3 .PRICES OF BULLION, PER OZ.
Madrid
Cadiz
Bilbao
Barcelona 96 'New Dollars... ......... 0 4 91}
Seville
;Silver in Bars... ..... 0 4 11i

THE CHINESE llEnoEs.—At the meeting of the
Limerick Corporation last week, Alderman Watson
gave notice of a motion of thanks to the gallant
officers, natives of Limerick, who distinguished
themselves in China, namely—Sir Hugh Gough,
Captain Bourchier, and Major Sergeant and his son,
18th Royal Irish. Councillor N. Kelly suggested
that; as Limerick had ever been distinguished by the
gallantry of its ladies, the name of Lady Sale should
be included. Alderman Watson said he would do so
with great pleasure, and he read an extract from the
Hon. and Rev. Mr. Spencer's sermon in support of
his views respecting the China treaty.—Limerick
Paper.