The Sun.
London, England, 1852-12-15 00:00:00

MONEY AND COMMERCIAL NEWS.

SERIAL PARMA NIENT.

CITY, Two O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, of which 1,000 American
and 400 Egyptian were taken on speculation. The
market closed firmly, with but little alteration in
prices. The sales comprised 70 Pernam and
Maranham at bid. to 6id., 110 Bahia at 6i-d. to
6 d., 500 Egyptian at 6d., 250 Surat at g&d. to
i 4 d., and the remainder American. Railway
Shares were dull, at rather lower quotations.
The advices from the Continent represent the
Money Markets generally as being very easy.
The Second Chamber in Holland has sanctioned
the project for a conversion, and gives power to
the Government to convert the present 4 per Cent.
debt into n per Cent. stock at 99 or into 3i- at 97.
The Conversion of the 5 per Cent. Transferable
Loan of the Honourable East India Company to the
amount of 3,500,0001., is to be into a 4 per Cent.
Stock, without any bonus, or the existing bonds
may be paid off 2s. Id. per Sicca rupee, or by bills
having one, two, or three years to run, with in-
terest at 5 per cent.
ttso.oe2c6.u22n3s..ii
Yesterday afternoon there was a decline in the
rates of exchange upon the principal continental
cities.
English Securities are heavy, and the doubts
about the passing of the financial scheme have
rather increased. It is not, perhaps, that the
scheme as a whole is approved, for it would be
better liked in the City, if sensibly modified ; but
a change of Ministry is not a contingency at any
time in favour of public securities. Consols have
been 1001 to I for the opening. The New n per
Cents. have been 104 to 104. Bank Stock is
Exchequer Bills of March are
wwooFrthrthoreG2igni2s3. and India Bonds 78s. premium.
Securities have been heavy generally.
Turkish Scrip is 1i i premium ; and the Swedish
Loan 11 discoimt. 8
panish New Deferred Bonds
are worth 401
have been 23 to to
Ci. Portuguese Four per Cents.
Dutch Four -a
4 ' Mexican have been 24,0 to 11.
Stuck per ents. are at 99 to i. Equador
is at si-. Brazilian Old Bonds are 103*.
Railways are nearly all flat, and the settlement
of the account shows a decline in the principal lines
of about i per cent. At the present moment, how-
ever, there is a rally in several of them, and It ap-
pears that they are rather scarce. This is most
conspicuous in Caledonian, the week's traffic being
1,7001. more than in the corresponding period of
1851; and North Western, South Western, Midland
and Northern Counties Union are better than they
were at the opening of the market this morn-
ing. The " Contangos " have been rather
heavy. arising from the extensive dealings.
French shares are flat, and rather lower, in some
instances by as much as 10s. per share. Upper
India keeps steady, the additional capital of
3,000,000/. being about to be raised, which will be
represented by 150,000 new shares, to be given in
the proportion of three new for every two of the
old shares, fifty thousand being reserved for India.
This is done to enable the company to tender for
the entire line from Allahabad to Delhi, and to
present the scheme in such a form for the decision
of the lion. East India Company and of the
Board of Control as must insure a favourable
result. The proprietary, already considered very
strong, will be reinforced no doubt by influential
parties connected with the East Indies ; and we
believe the present arrangements are undertaken
at the suggestion of persons high in authority and
of great experience.
Gold mine shares are firm, and Agua Fria have
touched 1 premium.

ROUSE OF COMMONS (THIS DAY.)
o'cloc
Th e SPEAKER took the chair a few minutes to 12
k.

PETITIONS.
Mr. MACAULAY presented a petition from the -st:
Philosophical Society of Edinburgh in favour of the 20
distribution of Parliamentary papers to mechanics' in-
stitutes.
11
Petitions to the same effect were presented by Mr.
COLLIER from Plymouth, and by Lord BROOKE 31
from Warwick.
Mr. .1. BUTT presented a petition from Youghal, 27`i
praying for relief from the Irish Consolidated Funds 22
Act.

Mr. HATFIELD presented a petition from Sheffield St.
against the financial propositions of the Government. 50
ORDER OF THE POOR-LAW BOARD. 50
In reply to Mr. COBBETT, 50
Sir J. TROLLOPE said the order of the Poor-Law 25
Board, of the 25th of April, had been rescinded, and a
modified one would be substituted. That order was to-
25 25
day in the possession of the printers, and would be
transmitted to the boards of guardians to whom it re- 18
lated in the course of the present week. 20
In reply to an HON. MEMBER, 25
Lord NAAS said he hoped er the recess to intro-
duce some measure for the improvement of the health of 5„
towns in Ireland, but he would not bring it forward unless ‘,
he saw some reasonable hope of passing it. St.
LAW OF SETTLEMENT. 50
Mr. WISE asked the President of the Poor-Law St.
Board whether there was any intention of altering the St.
law of settlement, or of proposing any change in the St.
mode of charging the rates for the relief of the poor. St.
Sir J. TROLLOPE said he had given his attention to St.
the important question of the law of settlement, but it
required so much consideration that he was not now pre-
pared to introduce a measure on the subject. As, how- st.
ever, no measure could be passed without first receiving 12
the assent of the Government, he had placed before them 50
all the information he possessed on the subject, and he 10
believed they had devoted their anxious consideration to St.
the question. (Hear.) 20
LAND OF POOR-LAW GUARDIANS. 14
50
• Mr. WISE asked the President of the Poor-Law 20
Board whether there was any information in the poor- 11
law office as to the quantity of land which had been 10
hired or purchased by boards of guardians for the pur- St.
pose of cultivation by the inmates of union workhouses ; St.
and whether any statements had been transmitted to 20
the Poor-Law Board showing the result of the employ- 10
ment of the inmates of workhouses on the land so hired St.
or purchased ; and if any such information and state-
-50
ments had been given or exist, whether the President 25
would place a copy of the same on the table of the house. 25
Sir J. TROLLOPE said he could furnish the hon. St.
member with a return of the quantity of land either pur- Si
chased or hired for the employment of the poor, but the St.
guardians were not in the habit of furnishing informa- St.
tion as regarded either the financial or moral results of 50
the plan. All the board were in possession of on those
,25
points was obtained incidentally through the reports of 100
inspectors.
TENANTS' COMPENSATION (IRELAND) BILL.
50 25
On the order of the day being read for resuming the 20
debate on the second reading of this bill,
Mr. J. D. FITZGERALD said, though he dissented
from the principle introduced into the Tenants' Compen-
sation Bill, he would not oppose the second reading.
His chief object in rising was to call the attention of the
Attorney-General for Ireland to what had taken place in
the other House of Parliament, He was surprised to
find that the noble earl at the head of the Government
had stigmatised the bill brought forward by Mr. Ser-
geant Shee, as calculated to subvert the rights of pro-
perty, and as being a communistic measure, and
added that the second reading had not passed' with
his sanction, and that he believed it would
never be agreed to by the house, even though
the committee to which it was referred might
report in its favour. This course he (Mr. Fitzgerald)
felt compelled to denounce as unprecedented, seeing that
the Home Secretary had supported the second reading,
with. the view to its undergoing a fair investigation be-
fore
on the subject were to be referred. Strange as was that
proceeding, it was followed by another still more singular I.
on the part of the Irish Attorney-General, who had 1.
written a letter to the _Dublin Evening Mail, in •
which he said that the assumption that lie had
assented to the second reading of Mr. Sergeant Si
Shee's bill, was utterly unfounded and untrue. 5(
As to the bill of the Attorney-General, he (Mr. Fitz- 2(
gerald), as he had already intended, would not object to 20
the second reading, being of opinion that the preamble ...
was wide enough to enable the true principle to be de- 25
veloped. He thought that no measure would be satis-
factory unless it clearly asserted theprineiple of a tenant E
having property in improvements. (Hear.) That was
plainly asserted in Mr. Sergeant Shee's bill, but he ad- 5020
mitted that some of its details were open to objection.
20
He called on the house to pass an Imperial not an Irish 10
measure on this important subject—not commu- St.
nistic in principle, or calculated to subvert the 25
rights of property, but dealing justly with the 25
relations between landlord and tenant, which, in his St.
view, was of far greater consequence than the
principles of the budget which they had been discussing
for the last three nights. (Hear, hear.)
Mr. NAPIER declared that ever since 1848 he had St 5
been labouring incessantly to complete an equitable ad- St.
justment of the relations between landlord and tenant in
Ireland, which he had always looked upon as a subject 20
of the deepest importance, but it unfortunately happened St
that when that question was brought before the house 11: it invariably degenerated into personal abuse and recri-
mination. (Hear, hear.) The present discussion
had divided itself, as others generally did on most
subjects, intbthe real and the personal. (A laugh.)
In regard to the latter, his explanation was, that seeing by
accident in the newspapers a statement of his having
assented to the bill of Mr. Sergeant Shee, he wrote to
the journal in question denying its accuracy. When
the debate on that bill came on, he was then prepared
to state his objections to it in detail, but an adjournment
of the debate was moved for, and a division took place
on the question. It was then suggested by some hon.
member, that on the whole it would be better to let the
bill go before a select committee, along with the
Government measures, and that when the house was
in possession of the whole subject, the question might
be at once and for ever settled. (Hear, hear.)
Thereupon the Secretary of State for the Home Depart-
ment, who was a gentleman of the highest honour and
unimpeachable integrity, and for whom he had always
entertained the highest esteem, assented to the second
reading of the bill, with the view to its being sent to the
committee. He was, however, in doing so, actuated by
the best of motives, and honest and bona-fide anxiety to
facilitate the passing of an useful and perfect measure.
(Hear, hear.) Though he (Mr. Napier) would have
dissented from that course, he believed that his right
hon. friend had adopted it in a spirit of conciliation.
As to himself, ho had no feeling towards any particular
class or kindred, being only anxious to pass a good code
for Ireland. (Hear, hear.) And he appealed confidently
to the country whether the step be had taken was not
the best, under the circumstances, to obtain, as soon
as possible, a good code to settle finally all the regula-
tions between landlord and tenant in Ireland. (Hear.)
The bill of the right hon. and learned member for Kil-
kenny was precisely the same as that which was intro-
duced by Mr. Sharman Crawford, and which was rejected
last session by all sections of the house. There was
hardly any necessity under these circumstances that he
was opposed to the principle and details of the hon. and
learned member's bill. So much then with regard to
the bill. All that he contended for in favour of his bill
was that it was less cumbersome in details, but since
they could arrive at a satisfactory conclusion if they took
the two bills into committee, he entreated the represen-
tatives of Ireland, for the sake of their country, to aban-
don personalities or recrimination, and endeavour to see
if they could, not arrive at such a result as would meet
the views of all parties. With regard to the principle
of tenant right itself, he certainly was far from being
opposed to the tenant right of Ulster, but he had yet
to learn that his own bill in any way interfered with or
destroyed the tenant right of Ulster. (Hear.) He was
one of Ulster, and had passed most of his years of pro-
fessional life in that county, and he should therefore be
supposed to know something of its tenant right. Well,
then, being conversant with it, both in principle and de-
tail, he had no hesitation in saying that his own bill
could by any possibility have the effect of destroy-
ing that right. He must, however, object to
the shifting meaning that was constantly being applied 1
to the term tenant right. For his own part, all that he
recognised in the term was tenants' improvements, and 1
all that they could legislate for was to secure the tenant
a fair compensation for his legitimate improvements.
That was the object of his bill ; and he hoped the legis-
lature would ultimately experience no difficulty in adopt- /
ing it, without interfering with the tenant right of
Ulster, which was entirely beyond the scope and power 10
of legislation. The right hon. gentleman then pro-
25
ceeded to recapitulate and defend the details of his own 10
bill, and concluded this part of his observations by 1.0.(
urging the house to allow the bill to go before a select
committee to be simplified and improved in its provi- St.
sions, if it was possible to do either. (Hear.) 20
12 • [LEFT SPEAKING.]

St.
St.
St.
St.

BRITISH FUNDS THIS DAY.
(From the Official List.)

Bank Stock Ruthless done.
223 -a
3 per Cent. Reduced Annuities .........• lOO4l 1001
3 per Cent. Consols Annuities
3 per Cent. Annuities, 1726
New 31 per Cent. Annuities..... ..... . ...... 1031 4
New s*per Cent. Annuities shut
Long Annuities, Expire sth Jan., 1860 6 7-16
Ditto 30 Years, Expire sth Jan., 1860 shut
India Stock
shut
India Bonds, £lOOO 7B
Consols for Opening 18th Jan.. lOOl 100 ex d
Exchequer Bills lid. • March. June.
£lOOO. . .
£5OO
Small 62
59 62

50 62

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
Ditto 4i per Cent 9Bi i
Chilian Bonds, 6 per Cent.. ..... ..........
Danish 3 per Cent.
Equador Bonds
5-11 Grenada Ponds, 1h per Cent.
Ditto New Deferred, 3 per Cent .........•••
24 1n i i
Mexican 3 per Cent..
/1 4
Portuguese 4 per Cent. 44 i Peruvian 6 per Cent.
Russian Bonds, 5 per Cent.
Ditto, 4 per Cent. ................
Sardinian Bonds, 5 per Cent. ..... .... ....... 95 x d
Spanish Bonds, 3 per Cent sos 1 504
Ditto Deferred, 3 per Cent.
Ditto for the Account 23 4/
Spanish Committee Cert. of Coup. not fun. 3 a
p c
Swedish Loan'd 1
Turkish Loan, 6 per Cent., 1852 1$ i
p
Austrian Bonds s.per Cent........ .
Dutch Exchange 2i per Cent
Ditto 4 per Cent. Certificates 99i 9 i i
Consols for Opening 18th Janua THREE O'CLOCK.
ry ...... 1001 ex div.

10
20
5
2

BANK OF IRELAND.—At the half-yearly meeting of St
the directors and proprietors of the Bank of Ireland, held ~„
yesterday, a dividend of 4 per cent. for the half-year was
nil
declared ; and it was estimated that the payment of this "
dividend would leave a sum of 2,5001. to be added to the
rest fund.
COURT OF ALDERMEN—Yesterday, at a court held
for the dispatch of business. a discussion took place upon
the subject of tho directions recently given by the Court of
10040
Common Council for the prosecution of non-freemen trail-
ing by retail within the city of London. A general feeling ,1,,„00
was expressed that, if such prosecutions were
under- luu taken at all, the law officers of the corporation, besides
taking care to produce such evidence as would lead to the
determination of a model case on its merits, ought fur-
ther to guard against molesting the poor tradesmen ; and
that the parties actually selected should be put to no unne-
cessary inconvenience. Alderman Sydney gave notice of a
motion condemning the principle of these prosecutions.
MERTHYR TYDVIL ELECTION.—The election for this
borough, consequent on the decease of the late Sir J. J.
Guest, Bart., of Dowlais, took place on Tuesday. At 11
o'clock the 13roceedings of the nomination commenced, and
after the usual forms had been gone through, /Ir. A. Hill
put in nomination. Mr. Henry Austin Bruce. Mr. D.
Williams seconded the nomination; and there being no
other candidate put in nomination, Mr. Bruce was declared
duly elected.
REWARD FOR SAVING LIFE FROM SHIPWRECK.—
BROADSTAIRS, DEC. 9.—The thanks of the French go-
vernment and a reward of 121. were this day presented to
the crew of the Tartar lugger, for their intrepidity, and at
the imminent peril of their own lives, in rescuing six of
the crew of the French brig Messenger, wrecked on the
Long Sand, in the recent gales in October.

1 40'

NINESDAY EVENING, DECEMBER 15, 1852,

all Do. Guar. 53 per et
all Do. Waveney Valley
5 per cent
.00 North British

all North Staffordshire,

100 Oxford Worcester &
Wolverh. £15,6p. c
9 Do

all IShrewsbuly & firm,

New Guaranteed
all Shrewsby. & Chester
(Nor.W.Min),B p. c.
10 Do. 5 per cent..

all South bevon.l:: ......
14 Do. New ...............
all S. Eastern (Reading
Ann.,) of £1 Os.6d.
100 Do. 4i per cent.......
all S.Yorksh.4p. c. Guar.
all Stock.& Hartl. Guar.
6p. c. till 1 Ju1y,1856
3 Waterfd.&Kilk. 6p. c.
100 York Newcastle and
Berwick, 4 p.c.Pref.
5 D0.....__

.................
10 IYork N.Midland 11.
& S. Purch.. .........

THE S.HABE MARKETS.

BRITISH RAILWAYS.

Pat 1 RAILWAYS.

axing Prices) Basini
this Day. this

100 Aberdeen ..... . 3ll 32
8, Imbg. Noting. Bost
& Eastu. Juuc 6l 6
all Birmng. Wolverh. &
Stour Valley lo3 11
28 Birkenhd. Lancsh. &
Cheshire Junct 6i 61 d
all Do. Chesh. & Birk.,
£5O & £25 Cons 2l 214
18i Do., £2O 3l 2 a
1100 Bristol & Exeter lO7 109 107.
100 Caledonian - 694 68.
all Chester & Holyhead 23 231 23
all Cork and Bandon.... 181 19
45 Dublin&BelfastJunc. 3 2''
I I all Dundee Perth &Aber
deepNweJunetion ..... ..
all Do.
...
all East Anglian (£25 L.
I & E. & L. & D.).....
all Do., (£lB E. & H.)..
all Eastern Counties.....
all . Eastern Union, Clam§
A. late E. U. Sh..
6 Do., d 0... .............
all Do., B. (t C
100 East Lancashire
all East & West Ind Dk.
& Binning. June.... 58 60
100 Edinburgh & Glasgow 78 80
100 Edinb.Prth.&Dundee 291 311
100 Glasgow & S.Western 60 62
100 Great Northern Stk.. 82 84 83
100 Do., 4A. Stock , ... 44 46
100 Do., iB. Stock 122 124
all Great Southern and
Western (Ireland) lo7l' 1.081
100 Great Western 96 96/ 951
11 Irieh South-Eastern 6i 71
I
all Lancaster &Carlisle BB 90
111 Do., Thirds.
100 Lancash. &Yorkshire 841 —B5 84i 4
15 Do., Fifths 3A 3 d 111
111 Do., Wst. Riding Un 24 —2/ d
all Leeds Northern-- 17i 18/ 18 17'
all Liv.Crsby.&Southpt. . . . .
all London & Blackwall .9
94 9/
3 Lond. Tilb. & Sthend. 1/ 2 p
100 Lond.Bright. &S.Cst. 109 110 109
100 London &N. Western .125 i 1261 125 41i 12 Do. Fifths 4—4l p
1 D0.,101.5h.,M&8,..0 11 —2A p
100 London & S.Western 93 94 92 3
421 Do., £50........ ...... 3/ —21 d
34 Do., £4O 2j 2 d
I all Lndndny.&Colcraine 12j 13
all Lndndrry. & Enuisk. 201 211
'lOO Nlanch.Shef.&Lineln. 31 32
4/ Do., Man. &Lin. Un. 3/ 3 d
100 Ifidland ..... . -.. .... 80 80,1 791
100 Do. Birming. ... Derby 47 49
471 Afidland G. West.(lr.)
171 Do. 1 Shares ... ...... „,
all Newcastle &Carlisle.. .. ...
100 Newmarket-. -.. . 52 54 52
14 Newpt.Aberg.&ll. ifd. 31 3 d
7) Newry & Enniskillen 2i 3
all Newry Warrenpoint
& Rostrevor st 94
100 Norfolk.
all Do., New 7i 84
32 Northn. Counties Un 2t —24 d If
100 North British ... ..
13 North Devon, No.l 6i —6l d
6), Do., No. 2..... ... _
all- Do., / A Deferred
5 Do., 6 B Guaranteed'
171 North Staffordshire
all North Western
81 N. &S. Westrn. une
100 Oxford Worcester &
Wolverhampton.. 1
100 • sottish Central - i
100 Scottish Midland ...
100 Shrewsbury &Binrig
100 Do., L. & N. We,stu
Guaranteed Stock
8 3hrewsby. & 'forced
all Zhrewsby. & Chester
(Nor. W. Min.)......
all ,1 0. Halves, do.
20 o. Oswestry . ..... ...
61 hropsbire Union ....
1 ... , 5 0., A.B.C.&D.fully
I paid up at p. c......
all ....nth Dev0n..........
'lOO South Ea5tern.........
all South Wales
15 ... Yorksh. River Dun
5 i o ... .. .... ... . ... .
16i .tockion &. Hartlepl
19 Thames Haven Dock
and Railway
17 Vale of Neath
all Waterfd. & Kilkenny
all Waterford&Limerick
13 West C0rnwa11......
all West London.
1 Woodford.. .__ ..... .
100 York Newctl. & Berw.
20 Do. Extensions. .......
10 Do. G.N.E. Purchase
100 York &N. Midland..

9 - 10

64- - 6$
4$ .4
13 - 13,1 13k

- 12 I

~....I 8,.1 - 9,}
..... 76 - 78

- ...

2k -- 23 1
# d
44 31 dl
13i
8t -- 91
3A -- 4i p
53 -- 54
94 -- 98 93
66 -- 67 64A
GO -- 68

78 -- 82
d
-- 201
94 -- 10
14i -- 15
3 -- 24 d

241 - 251
79X.- 801
39i - 40- 39
14 -14 A
- 4i

2a 2i 21
13 -13 i
- 10
27. - 28 '
9 - 10

•..

73 74
6;` —64 d
2 —24 d
60 61 594 _

PR,EFERENCE SHARES.

100 Aberdeen .....
all Do., No. 2,7 p. c •
100 Bristol & Exeter 4 p
cent. Stock
5 Do. 4p. c. Shares
100 Caledonian £lO
all Chester & Holyheac
Guar. 54 per cent
34 Cork &Bandon 54 p.c.
all Dundee Perth&Aiber•
deen Junction
all EastA nglian (£3lox)
6 per cent
all Do. (25) 7 per cent
2 Do. (17 178) 7p. ct
all Eastern Counties Ex-
tension, 5 p. c. No.l
all Do., No. 2
all Do., New 6p. c. St
all Eastern Union, Scrip
Guar. 6 per cent
all Do., £lO Deben. Sh
100 EastLancash. 6 p.cts
all East&WestYorkshire
Junction, Fifths...;,
all Edinb.Prth.&Dundcd
100 Glasgow &S. Western
guar. 5 per cent
100 Great Northn. 5 p.c.
'lOO Do. sp. c., Redeem.,
at 10 p. c. prom
all Gt. Southn. &Westn.
(Ireland) Eighths...
6 Gt. Westn. (Berks &
Hants Ex. 5 p. c.)..
100 Great Western, fixed
44 per cent..........,
6 Lancash. & Yorksh.,
F. £2O. ........
1.00 Do., 6 p. c., Stock...
13 Leeds Northern, 6p.
cent., No. 1 .........
17 Do., No. 2.............
5 Do., No. 3
9 Do. , Quarters, 1848
1100 London and. Brighton
Guaranteed 5 p. c..
100 Po. Pref., sp. c. St
all Do. Convertible, sp.
c., 1852 ............ .
100 Do. New Guar. 6 p.c.
100 Lon. &N. Wes t. Cov. &
Nun., 5 p. c. Stock
5 London &S. Western
Con. Thirds
10 Londonderry& Coler.
Shares .
all Londndry. & Ennisk
Shares.......
all Manch.,Shef., &Lin.,
Shares, No. 1
all Do. New, £lO
3 Do., £6 ........ .....
all Marypt. &Carl. 4p. c.
all Do. 44 per cent
84D0..
.00 Mid. Consol. 6 p.c. St.
00 Do. Consol. Bristol &
Birm. 6 per cent
5 Do. Pref. 44 per cent
all Norfolk Extension