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London, England, 1822-11-20 00:00:00

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WEDNESDAY, NOVEMBER 20, 1822.
THR FUNDS.

STOCK EXCHANGE., TWELVE O'CLOCK.

A treat deal of business has been done in that market this
morning, and the Jew party have purehised very largely. Con-
gas opened at 811#, and, up to this hour, they are 81# j ; but
they closed yesterday afternoon at 81i, in consequence of some
false reports of a hostile nature. _ .

Early this morning two Expresses arrived front Paris, bring-
ing the French tends 89f. 50e. and no further reports of hostile
measures; In consequence of which, Consols improved at an
early hour this morning, and the market became brisk.

FORE:GII MA RIM.

The market still looks heavy this morning, in consequence of
stiany failures being expected—upon the whole the foreign Stock
:Market has a very gloomy appearance. Colombian Bonds are
drooping, in consequence, it is supposed, of the Leeward Island
Wail not having brought the ratification of the above Loan, and
it is said that Mr. Zs* is going to he superseded by another
Gentleman on his way to this country.

Current Prices:—Chilian 78, New Spanish 60 to }, 011 72,
New Prussian Old 87i 1, Russian 875. Danish 944, Nea-
politan 71 to 78, Colombian 77, Peruvian 79, New Spanish
S!rip 4 ills.

STOCK F.XCITANGF., ONE O'CLOCK.

Our market is looking very gloomy—Consols, within the last
hour, have fallen 3 per cent. All the Brokers are anxious to sell.
ROTA L EXCHANGE, ONE O'CLOCK.
Spanish Bonds &we within the last half hour declined one per

cent. Colombian Bonds are quoted at 76, being also one per cent.

lower.—Several failures have been announced just now, and
many more are expected. The market looks very heavy, and
a farther decline must, it is supposed, take place.
PRICES OF STOCKS AT ONE O'CLOCK.
3 per Cent. Reduced 80% M 8078
2 per Cent. Consols 8.15/8 % Ye
31/, per Cent. 93 92%
4 per Cent. 985/8 44-4 per Ct../slew 1921 A Vs
Bank Long Annuities 20% 11-16
India Stock 2561,4—80nds 435. 425.
Old Annuities 80%
Excheq. Bills 01 ,000) is. 6s. ss.—Small Bs. s. 6s.
• Cons. tur Account 811/2 % 1/2 5%.

The French Papers of Sunday are much occupied
in discussing the merits of an article which appeared
in the Monitear of the preceding day, to which we
alluded yesterday. The article in itself is not worth
a rush, and were nut the Moniteur the official Journal
of the Government (and it has been that of every
French Government for the time being from the de-
struction of the Bastile to the present day), there
could not be the slightest importance attached to it.
The article in the Moniteur does not throw any new
light on the question of peace and war, but after
heating about it and about it, leaves the subject pre-
cisely at the point where it took it up, and shews
that so far as regards Spain, the French Government
is " willing to wound, but yet al-laid to strike."
The French Papers evidently do not know what to
make of the Moniteur article : this we believe was
precisely the wish of those who put it forth ; it is, in
fact, anything or nothing—may be construed as
either warlike or pacific, knt as subsequent events
may render necessary. The Journal des Debats gives
the article without hazarding an opinion upon it; the
Consul:dim:rid declares, that it has not sagacity to
resolve the problem, whether it h for peace or war.
The Courier Francais says—" Those who may have
expected to find in this first manifesto of the official
Journal either novel reflections or conclusive asser-
tions, will be strangely disappointed. The Moniteur
has maintained all the formal intricacy of that
diplo-
mtitic nullity of which it has long possessed the means
of presenting the model." After dwelling on the ar-
ticle at some length, the Editor concludes—" Now
that we have the declaration of the Moniteur, it is
asked, what ought we to conclude from it? and whe-
ther there be ground to believe that we shall have
war with Spain ? Many persons incline to the af-
firmative, improbable as may be such a determina.4
tion: but when the mete apprehension of war is so
injurious to trade and public credit, if there be no in-
tention to go to war, why is that not frankly and dis-
tinctly stated, in order to put an end to the anxiety'
which ambiguous declarations only serve to prolong 7'
The evident impression in France is, that the arti-
cle in the Moniteur is rather warlike than otherwise;
and the Public Funds, which, when the news became
less hostile to Spain, had risen, suffered a depression
when the mysterious article in the Moniteur ap-
peared. That this article is considered of a hostile
character in France, we have not only the evidence
of the French Papers of Sunday, but that of a pri-
vate letter, written on Saturday, of which the follow.
ing is an extract :

" PARIS, NOVEMBER 16.

c, The Moniteur of to-day assumes .a warlike tone,
which is the more remarkable from the pacific cha-.
ratter of the recent articles in the Journal des Debats.
The arguments in the Moniteur come shortly to this—
we have a complete right to go to war with Spain;
we have no reason whatever to doubt of success if.
we embark in the contest ; and nothing restrains us
but our own prudence and moderation.
• ft It is idle to say that war has not been contem-
plated. It has been contemplated, and all but re-
solved•on ; and had there been no other important
States in Europe but France and Spain, hostilities
would have long ago commenced. The attkle in the
Aloniteur bearing evidently an official character, it
could not con,istently notice the influence of oilier
rows on the policy of our Sovereign. But evtry
one knov.is that there is a paramount influence con-