The Sun.
London, England, 1852-04-30 00:00:00

MAJOR BROWNRIGGE.

In reply to Mr. REYNOLDS,
Mr. NA PIER said the CreValltriCllt had received a
report from Major Brownrigge on the subject of ribbon-
ism, and a Dublin newspaper, in defiance of all previous
courtesy, had published its contents. The newspaper
knew more of his intentions on the subject than he did
himself; but be could assure the House that the Go-
vernmsnt had not-yet made up its mind on the subject of
the report.

The motion for the adjournment of the House was
then agreed to.

THE BUDGET.

The House having resolved itself into a Committee of
Weys and Means,
The CHANCELLOR of the EXCHEQUER rose to
make his financial statement. He said—The chief
branch of the revenue having ceased by lapse of time,
and a considerable deficiency having actually ensued, it
would bo incumbent on, him, wero there no other
reasons, to invite the - consideration of the House
to the state` of ihe finances. Of late years
commercial considerations were so mixed up
with the arrangement of public finances, and unhappily
political passion was so blended with all the points
of commercial controversy, that ho felt it presumptuous
to hope that on this °cession ho would obtain the serious
and calm attention of the House on the great subject
which he was about to bring under their consideration.
When there was a cessation in a considerable source of
the revenue, and -There was necessarily a consider-
able deficiency
in the public income, one question
naturally occurred to every one. What were the
soundest means, and at the same time the most
practicable or the most popular, or rather the least
Popular and the. most
supply the deficiency?
7c„.eieigndbyinthorrez_ methods,
by practicable,dn
WI to whioh could be adop-
Ndouwt i
et
sh e
on
n revenue
art
iel e
sw
os was
tisbyon articles of domestic
direct taxamatioo:t.aWildhichlaorfgtehlyese mbyeans awas msyossittempractoi-f
l manufacture,13
! try, in order to plaeefi
In regard to the first, practi-
cable and
the finances in a satisfactory state?
Ihadth
regard
dretdo
the
a.
likely to obtain the consent of the coun-
plan.
trial:, he said that observing what
0 itresent and former sessions
(gear,
duties would be a
not think any inceesbeel
of orf, customsha Fduties,lBh4o2dtido
1851 the remarkable feature in thecefien
very encouraging
.arnonacial condi..
Lion of the country had been the continued reduc-
tion
of duty on foreign
wool, auger, In those
of customs dutiase.abDelarishinegd
ten years there had been repeakd or reducede.
4 duties
thaton coffee,
period
the ti m breort ,I l ceournin,
amounted to 9,000,000/. sterling. It would be pre
ss
therefore to suppose he could induce the
sumptuous
present 1.10t130 to supply the deficiency by the imposi-
tion of fresh import duties. Had he a more encourag-
ing prospect if he asked them to have recourse to a
duty on articles of domestic manufacture? Now, one
party in the 110080 had advocated the repeal of the
Customs duties, as a means of relieving the industry of
the country, and its success had been exemplified
by that reduction of the Customs duties which he had
just mentioned. There was also another party, which,
if not so triumphant, WAS important from its numbers
and the zeal and conviction with which it maintained its
opinions, who asserted that the best method of relieving
native industry wse to repeal the Excise claim

No man was a more ardent supporter of that opinion
than the late Lord G. Bentinck, it has received the
authority of authors of the highest repute, and he him-
self thought it was one of considerable benefit.—
(Hear, hear.) But if there was one side of
the House which thought Customs duties injurious and
another side of the House, who also repudiated Excise
duties, what was the prospect of a Chancellor of the
Exchequer if his means of supplying a deficiency
were limited to these two expedients only? But
gentlemen on the other aide of the Rouse,
though they objected to Customs duties par-
ticularly, had also a similar objection to Excise
duties, and when he looked to the catalogue of the suc-
cessful measures which had been made within the last
ten years on this branch of the revenue, he found that
they had reduced the duties on vinegar, auctions, glass,
and bricks, by which a sum of nearly 1,500,0001. was
struck off the revenue. But this was not all; only this
day week a Right Hon. Gentleman, once a member of
the late Government, and a member of that
confederation which of late years had exer-
cised so important a control over the financial po-
licy of the country, had come forward to propose a re-
peal of the Exccise duties to the amount of at least
1,400,0001. Under those circumstances the House would
agree ' with them that not only withregard to Cus-
toms duties, but also with respect to Excise duties, a
Minister who should propose to supply any deficiency
by an increase of them, would embark in an enterprise ex-
tremely difficult. But the difficulties of an individuel in
his position were not limited to those two branches. They
heard a great deal in that Rouse, especially from Gentle-
men opposite, on what they called raising a revenue by
direct taxation —(Opposition cheers.) He welcomed that
cheer as showing the attention which Hon. Gentlemen
opposite would pay to him on this subject, and ho felt
himself favoured by it; but ho thought that when he
came to go further into the details of the matter he
should not have the adhesion of Honourable
Gentlemen opposite so welcomely given. Within
the last ten years the House and the country
had had considerable experience with regard to this
third mode of taxation. It was exactly tea years ago
since one of the most distinguished statesmen of modern
times, who had had a great share in the reduction of
customs and excise duties, to which he had alluded, first
introduced the measure which entailed a considerable
weight of direct taxation on the country. Every one
must remember that that tax was introduced into the
House apologetically as a measure necessitated by an exi-
gency framed for an emergency; and even under these
circumstances the House would not consent to it, with-
out its being framed on a large basis of exemption.
There was no evidence then either in the House or the
country of any great feeling in favour of direct taxation.
Despite of the great talents of its framer, it was only
adopted after considerable discussion, and before the
end of the ten years it had become so odious
that its existence was only renewed upon the
severe condition of being submitted to the critical scru-
tiny of a Committee up-stairs. So far then as
direct taxation was concerned, the conduct of the
House and the country had not been any more
encouraging than it had been with respect to
the other modes to which he had alluded.
He had hoped before being called upon to
make his statement -, to":„ have bad the report before
him of the Committee on this tax ; but, as he had
not, it would be presumptuous to give any decided
opinion on those points which were under the con-
sideration of that Committee. (Hear, hear.)
One great objection to the tax upon property and in-
come was unquestionably, that there was no difference as
to the mode and rate of assessment upon incomes of
a temporary and permanent character.—(Hear.) • Now
that important question was now submitted to a Com-
mittee, and, as he had said before, it would be arrogant in
him to give an opinion upon the subject.—(Hear.) Bat
they had received the completest evidence from the ablest
men of the age, who had made the principles upon which
this tax was based their direct study, and who had
brought to bear upon it before the Committee all that
scier.ce and learning could accomplish, and although he
could not presume now Ito enter into a discussion of the
justice or injustice of the income-tax ; yet he could
say, that it all the precautions of these eminent
actuaries were adopted, he should still be painfully
sensible that Schedule A, Schedule B, and Schedule C
would nevertheless be quite as odious as Sche-
dule D.—(Loud cheers.) Well, then, in con-
sidering this system of raising revenue, be could
not slant his eyes to the fact, that the
feelings of the people must • be considered
as well as the principles of science.—(Hear, bear.)
But there was another point upon which be
could speak with more frankness, relating to
the tax upon property and income. Ho had not pre-
sumed to give an opinion upon the justice or injustice of
this method of raising revenue; but there was one point
upon which the Committee was unanimous, and upon
which he believed both the House and the
country were unanimous that he could advert to it
without hesitation. A tax of this nature, if it was to be
rendered permanent, could not rest upon a system of
exemption.—(Cheers.) No doubt, direct taxation in
theory was a simple, easy, and captivating process; but
when they wished to apply direct taxation gene-
rally it was astonishing what obstacles and objections
were raised against it, and yet a direct tax of this nature
to be tolerated must be rendered universal.— (Hear,
hear.) The palace and the cottage must pay its equal
proportion, but here the House would see again that no
system of direct taxation could be rendered so universal
as indirect.—(Hear, bear.) No doubt a tax of this
nature, establilice, to eceet an emergency or a temporary
. purpose must be based on a large system of exemption;
• but though a direct tax of this nature might be imposed
for tho sake of promoting industry, without looking to
the financial consequences of such a system, they could
not but feel that, in the long ran, coupled as it must be:with
exemptions, it was little less then a system of confiscation.
avowedly as a temporary measure, but in speaking of a
system of advance, and when a tax late that under discus-
sion was at issue, it became absolutely necessary to
consider its features.--(Cries ;of " No, no.") For
the last two years, then, the Minister had been com-
pelled to go as it were upon his knees to
the House of Commons to seek a continuance of
this tax, while last year the Exchequer was deprived
of two millions by the repeal of the window tax,
which was asked for on sanitary grounds.—(No, no-)
He should be able to show this it the House would
bear with him, as well as that the sanitary objects
contemplated could have been accomplished without
the repeal of the tax.—(Cries of "Hear, hear.")
He thought he should have no difficulty in showing
that, but, perhaps, these who disputed the
amount lost to the revenue were thinking of
the house tax, which was substituted for it,
It was in fact malting war upon capital which ultimately
must employ that very industry which was sought to
be relieved and encouraged—(hear, hear)—and yet a
tax framed with all the precautions which he bad men-
tioned had met with great odium, and was still admitted
to be unequal and unjust. In saying this he was raising
no objection to the Minister who introduced it,
The Committee would be at least of opinion that the
clirn'culty of raising the revenue was not confined to
custom's duties and excise duties, for if any attempt were
made to exercise a direct system of taxation on any
principle calculated to produce a permanent effect, it was
stopped by prejudice and remonstrance. Everyone
looked upon a Chancellor's surplus as a thing for prey
and plunder.—(Lsughter.) In the general scramble,
every one wished to obtain his purpose, and no
one locked to the future. The inevitable danger
impending bpon the finances was that while all
demanded relief, some laid down principles which
would prevent the imposition of . taxes in
any shape whatever. The events of ten years showed
this result—that the House of Commons disapproved of
all the means of taxation, viz., duties on imports, direct
cenfhdtahinnecegyitethoaerr:
taxation, and Excise duties. He would now call the at-
tention of the House to the income and expenditure, of
o
justosft
ht h
of
f terminated.E Aprilx Exchequer
ci lastuer atwT was
112,0 o 0e latee
thear
actual income amounted to 52,468,3171, or an excess of
340,0001., but that did not do sufficient justice to the
Right I.loe. Gentleman the Member for Halifax, because
in the same period there had been a vast- diminution of
taxation. The window-tax had been repealed, by which
a loss of 640,000/. was experienced, allowing for the
substitution of the house tax. There had also been a
reduction of duties on coffee and timber, and
a considerable reduction on sugar. That Right
Honourable Gentleman estimated the revenue of the
Customs for the same year at 20,400,0001. But not-
withstanding those reductions of Custom duties it
amounted to 20,673,0004-- Be. reduced the. duties , on
coffee: to one uniform duty of „threepence per lb. on
both foreign and colonial. The consumption of foreign
coffeeAzin the ees year ending April, 1851, was
2,760,375 lbs., in the last year 5,500,000 lbs., being an
increase of 3,448,000 lbs. Nor had there been any in-
jury done to colonial growth of coffee, there having been
an increase in the last year of 29 compared
with 28 million pounds of colonial coffee consumed.
The amount of coffee consumed in 1850 was 32,511 lbs.,
in 1851, 30,292 lbs., in 1852 it had risen to 34,685 lbs.
The amount of loss calculated on the reduction of
duty on this article was 176,0001.—the real loss
112,000/. The amount of loss calculated on
timber was 206,0001, the-real loss 126,0001,, and the
amount of timber imported in 1851 was, hewn and
sawn together, 628,000 loads, in 1852 954,000 leads.—
(Hear.) The result of the reduction on sugar was so re-
markable that he could not refrain from giving it to the
House. In 1851 we imported of foreign sugar 7,200,000
in • e, ,
cwt.; 185" 7 613, 000 cwt.—(Cheers)—heing an in.
crease of e, 4lO 000 cwt.; being altogether an increase since
the alterations of 1846 of 1,900,000 cwt. With regard to
British sugar—he was speaking now of unrefined—we
imported 5,113,000 cwt., being an increase of 114,000
last six years the consumption of
cwt. During the .--- this country by 95,000 tons,
sugar had increased in
being 33 per cent. advance on its consumption in 1846;
in
and, with regard to the revenue, we had received,
1852, 4,163,635/., being, although wecalculated had upon
_
a loss of 330,000/, only a loss of 3 09/.— ear,
,( id
hear.) With regard to the general revenue,
with regard to the taxes which the Chancellor c&ca-
lated upon receiving, 4,348,0001., but, in fact, owing
to the abolition of the window-tax, they bad only re-
ceived 3,691,000/. With regard to the property-tax,
the Right Hon. Gentleman opposite hid estimated it
at 5.323,0001.; it had realised 5,283,000/.; the Right
Hon. Gentleman bad estimated 830,0001. from the Post-
office, but, owing to the stimulus given by the Exhibi-
tion and the census, it had realised 1,050,0001. The
Woods had been estimated at 160,000/.; they had pro-
duced 190,000/. The Miscellaneous, estimated at
262,000/., had produced 287,000/4 and the old stores,
estimated at 450,000/, bad produced 395,000/. ;
being altogether a revenue of 52,000,0009 which, with I
an expenditure calculated at 50,°47t 0001 P but tieltiarlys
... .

50,e91,000/., left a balance of 2,176,988/. He came now
to the expenditure of the next yell., in which ho was
himself more deeply interested. Of course, though the
present Ministers had their share, yet the chief
responsibility did not rest on them, as the estimates had
been framed by their predecessors. The estimated expen-
diture of the nextyear, then, they calculated at 51,163,9791.
The interest on Exchequer-bills this year would be
402,000/4 last year it was 401,545/. The total debt,
therefore., this year would be 27,950,0001.;
last year it was 27,978,5251.—(Hear.) The other
charge on the Consolidated Fund amounted to
2,600,000/.; last year they amounted to 2,614,416/. Tho
total charge therefore upon the Consolidated Fend
this year would be 30,550,000/4 last year it was
30,593,9411. The Army, including the Commissariat,
would this year require 6,491,8931 ; and the
Navy 6,493,0001; but that would include the
Packet Service, amounting to 870,158/., and, therefore,
the Navy alone would only require 5,622,842/4 but it
would stand:in the Estimates with the Packet Service at
6,493,0001. The Ordnance estimate would be 2,407,0001.,
and the miscellaneous or civil estimates 4,182,0861. e last
year it was only 4,114,265/., hut a change in the
transference of the Woods and Forests bad increased
this charge of 65,0001 a-year.—(Hear.) The next
item he came to was for the Kufir war, for which
460,000/. had already been voted. Now, some
6a6 te
. (
Chancellors of the Exchequer would have rested con-
tent with that, and drawn upon his reserve chests
for future . bopplies, but he did not think
itl wise or] just to pursue that course in
this instance.—(Hear, hear.) The Treasury was
responsible for the administration of the funds in
the Cape, and had sent out officers to superintend the
expenditure which they wore doing with a duo and
proper regard for economy. Indeed, the Commission
department of the Cape bad been so well managed that
there was a balance remaining in hand out of the
300,0001. voted last year, and as that balance, together
with the 460,0001. voted this year, would be ex-
hued
o by the end of May or beginning
of June,
he proposed to take another vote of 200,0001,
which
would make the total vote for the Kafir war
o, Hear, hear.) There was another item to be
provided for, namely, the Militia—(gear, hear)—
which would require 350,000/—(Hear, hear.) The
total estimated expenditure of the year therefore
would be, for the year ending April 1853, the
sum of 51,163,9791,—(Hear.) He came now to the sources
of supply.—(Cheers,) The Customs last year produced
0 , but that was a remarkable year, owing
2,
t0t6h7,95
the Great Eehibition, which induced a great deal of
trading, and created; a spirit: off enterprise all over the
country while this iyear there would be a falling off in
the sugar duties of sometbing like 145,0001., and he
did not therefore anticipate that the Customs this year
would produce so much as last,—(Hear, hear.) Ile cal-
culated,
in 1850, which was 20,572,0001, which was a little
however that it would yield about the same as
more than 100,0001. less than in 1851.—(Hear, hear.)
The Excise duties, too, he anticipated, would exhibit
a falling off, owing to a reduction in the carriage and
railway travelling and the hop duties.--(Hear, bear.)
The Excise he estimated at 14,604,0001 - Stamps,
6,339,0001; the property-tax this year would only be
half the amount realised last year, in consequence
of its ceasing in October. He estimated the property-
tax at 2,641,000/. ; Post-office, 938,000/. ; Woods
and Forests, 235,000/4 Miscellaneous, 260,0001.; Old
Stores, 400,000 e That would make an income of
48,983,500 e There would be a defficiency of 2,180,479/.
without the property and income-tax. The financial posi-
tion of the country last year as well as the present
rim based on the assumption tbat the property and
income-tax was to be continued not for one, but for
two years, and with that object he would offer to
the House his estimate of that which the tax would
predate) in soother year. On this subject considerable
controversy had occurred. He had now to inform the
House there was uo diminution: in tho total amount of
the assessment in the present year, compared with the
two preceding years.— (Hear, hear.) A great portion
of the arrears duo had been paid 'into the Treasury.
In 1849 the tax had sank from 1,754,000/ to 1,584,000/,
in 1850 it was 1,570,0001,, and in 1851 1,593,0001.
There could be no doubt but that this reduction had been
owing to the bad commercial year of 1847. If he might
believe the estimates of those most competent to
form an opinion, the amount which might be ex-
pected to come from this source during the
next year would be 1,640,000/, and there was no doubt
that that interest would entirely rally because whatever
might be the temporary depression, the state of
the country so far as schedule I) was con-
cerned was one ofgreat and sound prosperity.—(Cheers.)
It had been his duty to state completely the rigid and
fair truth with regard to trade and commerce, and he
thought Hon. Gentlemen would on that account
not show less willingness to believe him when
he told them that there was a class in the country
which was not prospering, and that the fact of their ad-
versity was commencing to tell upon the revenue in
the item :of the property and income-tax.—
(Hear, hear.) This was the first year in which
a Chancellor of tho Exchequer had been obliged to come
down to tell the House that an allowanoe must be made
in taxation for reduced rentals. He was informed that
it was more than probable that the privilege
which was last year given to the British farmer, would
be taken advantage of by that class, and that they would
place themselves in great number under schedule D.
Ho believed that he might estimate the deficiencies
arising from this source at 150,0001, which would be
mainly caused by the cultivators of the soil placing them-
selves underechedule I),in accordance with the permission
given to them last year. The total amount of income-tax
of the year 1852 he had estimated at 5,283,0041., to
which he had 54,0001. for backward estimates, and he
left, therefore, the sum of 5,370,0001. for what he should
receive from the next rear from this tax. From this he
must deduct 150,0001, for the reasons be had alleged, and
the d C ;itched upon the difficulty
there rex/mil:m(l's,lB7,ooa The income of the years
1852 and 1853 would be 51,625,0001., and with an ex-
penditure of 51,16:3,9'M there would be a balance of
4
hear.) lie had now made a plain
unvarnished
e.hedsatra,en statement of
~f the year, and if he the expenses arid income
had failed to lay it before the
House with all the clearness he could have wi.hed, it
was entirely to be attributed to his want of ability and
experience, and not to any desire to conceal anythingtma
Loud cries of " Hear, beat").
which attend( d the Itenap,Torait of the finances of this
lfrie hadaoamirmeaidttyee.
country; and he had endeavoured to bring the Commit-
tee to such a temper that it might consider the subject
with somewhat more calmness and patience than had been
accorded to the statement of a Finance Minister for
some years past. Her Majesty's Ministers would not
shriek from surveying the whole system of the finances
ef this country, and would attempt to inducethe House of
Commons eo come to some clear and decided opinion
upon the principles upon which the financial policy of
this country was for the future to be conducted. They
looked with great apprehension on the opinions prevail-
ing in that House, which seemed opposed to all the
great sources of raising the revenue of the count:y. They
considered nothing more injurious than rashly and ra-
pidly to reduce the sources of indirect taxation without
having first
ieonie to some decided opinion as to
the principles uponwhich direct taxation
should be raised,
and they were afraid that if the House
continued in
thate mood of mind it would be
impossible for them to maintain the revenue of
i
this country n that condition which the public
credit and the Public engagements required
Her Majesty's Government had a profound conviction this beed . They deemed it their duty to impress
upon the Committee and the country the danger
of the "arse in which Parliament had em-
barked.—(tries of " Rear, hear.") To impress upon
them the absolute necessity now, or in another Parlia-
ment, of arriving e.t some definite understanding upon
the principles upon which the revenue of the country
ought to be raised,...(
kEleat) They deemed it their
duty to denonrce as most pernicious to all classes of
the country the systematic reduction of indirect taxa-
tion, while at the same time the House levied the
direct taxation upon a very limit class.—(Cheers.)
The Government would not have shrunk
from undertaking. '
tae laborious duty of examin-
ing the whole finest cial syatem; animated by
thee© views, and
- -- actuated by that principle,
but he put it with confidence to the House, whether
it had been possible for the present to undertake
a duty which demanded so much labour,
so much I research, and so much time,
which be was sure no member of the Government could
command.—(Hear, heat.
) The Committee, he was sure,
would recce!
-eel, that ii was only this day two months
since Ministers acceeded to office.—( Hear, hear.) It
was indeed only Rix weeks since the Finance Minister
could resume his seat, owing to his having had to meet
bis constituent
e,,... • rr 'ea was sensible of the indulgence which
the Hattee eatreeeeseemeeairesees time to time, in assist-
ing him to conduit the business of the House; but the
claims of the Reuse and his Other avocado& ren-
dered it nhlet,-
- ----elly impossible for him to succeed in
the task which be had just mentioned.—(Cries of
" Hear, hear.") But alt
hie the proposal on the
part of the But
which be was going to make
was one of a very uninteresting character, and of
a somewhat provisional character, he hoped the House
would 'not
—Ppm° that they were' shrinking from
the fulfilment of their duty; and if it should
please Parliament and the country to give them the op-
portunity
to propounding another financial scheme they
would not again make a provisional proposal to the
.
House 'eject. —(Hear hear. under
upon this important sU
these circumstances he was sure the House would antici-
pate thatihe should feel it to be his duty to recommend an
the first opportunity for their adoption the continuance
of theca duties on property and income for a
limited period—(Cheere)—which had been sub-
jected to their criticism both there and
elsewhere.—(Cheers.) It would have been more agree-
uble to him to him to have relieved the industry of the
country, and tolhave pnrsued that greet course of a fair
adjustment of the taxation which he believed, the ma
:Ferny of the House were inclined to see fixed upon right
and equitable principles.--(Hear.) But that was not
now in his power.—(Hear.) His duty had only been to
place truly before the House the condtion. of the
public revenue, and to offer that advice which
the Government, under the circumstances,
feel it their duty to tender, and now
thein
placing a resolution in the hands of.
Chairman h d the House would on this,
, e trutte
as on every subsequent
opportunity, give
him every facility to carry into a law
a measure fur continuing for the limited period of one
year the present property and income tax.— .
(Cheers.)
'
Sir CHARLES WOOD said it was with sincere
pleasure he had to congratulate the Chancellor of the
Exchequer on the very emceesslut manner in which he
had introduced his first budget. With the greater
part of the Right Honourable Gentleman's statement he
entirely concurred, and be regarded
as the most complete
justification of the policy which had been pur-
sued for the last ton yeare. He had possessed
himself wiile mmertalso 4clowl OM Mich but atier ,

the observations of the Right Honourable Gentleman,
ho thought that quite unnecessary. Daring the last 20
years 12,200,0001. of taxes had been removed, whereas
the loss to the revenue was only 14,000,0001. He had
held the Right Hon. Gentleman's office for five yearsland
knowing the diffieulties to be encountered by him, he,
for one, would not be a party to any attempt to prey or
plunder upon the Chancellor of the Exchequer.
He should give every possible facility to the Right Hon.
Gentleman to carry out his scheme.
Mr. JOSEPH HUME said, though ho was not
opposed to the imposition of the income-tax • be thought
it ought to be placed on a sound, just, and permanent
footing, and ho was surprised that the Right
Honourable Gentleman should propose to con-
tinue it even for a year longer, with all its inequalities.

(LEFT SPEARING.)

MARKET INTELLIGENCE.

(From the London New Price Current, April 30.)
&roam—To-day the supply of West India Sugar at market
was far from sufficient for grocers or refiners wants; the sales
in consequence were only 189 hhds, &c., at stiffer rates. For
the week, the quantity sold is 4,890 hhds, &c, and the advance
Is per cwt.
IiEFINED.—To-day there was more activity in the home
trade Refined market, and it is difficult to obtain brown
lumps under 45s 6d per cwt. The export demand for Crushed
Sugar is evidently on the increase, and former terms are well
supportedr
MAunerms.—This afternoon the quantity of Mauritius
Sugar submitted to public sale amounted to 17,600 bags, 70
casks. The demand was brisk, and the whole sold at full
rates; indeed, in some cases, the advance On Tuesday's prices
was rd per cwt; tine yellow realised 36s to 37a 6d, good 31s
6d to 35s 6d, low to mid 32s to 343, good to fine brown 29s to
31s 6d, very ord to mid 24s to 28s 60, and grey sorts 32s
to 365.

EAST INDIA.—This afternoon the demand was again active
for Bengal Sugar, and a rise of Gd to is per cwt took place.
At public sale 11,300 bags were sold; Benares, good to fine
went at 35s to 38s Gd, low to mid 33s to 34s 6d, damp and
washed 32s to 375, fine greyish yellow 32s to 335, ord to mid
like Mauritius 31s to 335, Khaur 24s to 25s 6d, and fine
brown 26s to 275. The previous currency is well sustained
for Madras, with many buyers. At auction 1,540 bags were
sold; mid to good grocery 33s 6d to 375, ord 32s 6d to 335,
soft brown 24s to 253 6d, and ord yellow do 26s to 26s 6d.
FOREIGN.—To •day several parcels of Brazil and yellow
Havannah were sold privately for shipping, at full former
rates. None was submitted to public sale, and the market
closes with a firm tone. _ _ _

MOLASSES.—There are several buyers of West India, and
stiffer rates offered. Prices for Barbadoes and Antigua rule
at 13s to 14s, and other sorts 12s to 12s 6d ; Bengal and
Mauritius in small parcels realised 11s to 12s, Cuba and
Porto Rico 13s to 13s 63. Honey, good to fine Jamaica 48s
to 545, ord low to mid 38s to 46a. Tamarinds remain in good
request. Sales of East India made at 9s 6d to 12s; West
India at 24s to 34s per cwt.
COFFEE.—This afternoon there was less business done in
Native Ceylon Coffee. By private treaty 1,500 bags changed
hands. Of 147 casks 344 bags at auction a part found buyers
at 43s for good ord. Plantation Ceylon is less wanted,
but the previous value is generally sustained. Of 500
casks 100 bags at auction about one-half sold ;. low mid
to mid went at 54s to 575, fine to fine fine ord 49s to 535,
triage 38s to 465, and pea berry 63s to 655. Mocha was
held for full rates, but attracted little attention, and barely
half of 690 bales 309 half-bales and 324 frazils sold at 70s
to 81s for ord to good mid yellow clean garbled. Of African,
600 bags went at 403 for good ord. 30 brls Jamaica were
taken in at 51s for fine fine ord.
COCOA.—There is not the least improvement in the demand
for foreign, and supplies larger than previously ; at auction
1,500 bgs Para were taken in at 25s 6d, and 283 bgs Bahia
124 s to 255. The value of Guayaquill is 28s to 295. For
West India privately several parcels have been sold at rather
higher rates, Trinidad fine red realizing 39s to 445, good 36a
to 38s. old to mid 32s to 355, grey 28s to 325, Grenada and
St. Lucia 28s to 34s per cwt.
Tz.t.—To-day Tea was brisk, and there are few sellers of
good ord sound Congou under 91,4c1.
FECIT.—A very large business has been done in Currants
at better prices; new at 30s to 365, and old 24s to 265. The
demand for Valentia Raisins continues dull, notwithstanding
the low price, Valentia being 273 to 28s, Dania 22s to 233.
In Muscatel's a fair business doing. The few Turkey Figs
in the market, principally in second hands, are held for
higher prices.
INDIGO.—To-day at auction 44 srns Indigo went at stiff
rates ; 3a 5d to 4s 7d for mid Cortes to good Sobres
SAINPETRE —To-day there was a reluctance to operate
in Saltpetre, and late rates barely sustained. A small part
only of 2,253 bgs Calcutta in auction sold, refraction 4,4 i
30s Gd to 31s, 61-4 to 6% ditto 29s to 29s 6d, 8 ditto 27s
6d, 9% to 10 ditto at 26s 6d to 275, and 141/ 26s Gd per cwt.
TALLOW.—Although transactions in Russian on the spot
are limited, with a greater stock last season, yet merchants
are firm, and obtain 35s 9d to 36s for fine new Y.C. The
demand is not better for delivery, yet the rates asked are
37s 3d to 37s 6d for the last three months of the year.
Home melted is in good demand, yet at 35s 6d to 36s net
cash there are sellers. Of other sorts of Tallow a larger
quantity is on offar than last week, and the demand not
better the terms of that time are not sustained. Of East
India Vegetable 150 cases at auction sold at 38s 6d to 398.
Ons.—To-day auction 35 tune Sperm Oil sold at 861 to
881. ss, and Headmatter 91/, very low 821; 11 tuns Seal, pale
30115 s to 314 straw £9l, dark and yellow 281 10s to 29155. ;
40 cases Spermaceti is Is' 6d. •
• COCIIINEAL.—To-day full rates were asked for Cochineal,
but there was not much demand. Part of the parcels offered
only sold : 68 bgs Tenerife at 3s 8d to 3s lid for silvers, and
black 4s to 4s 6d ' • 22 bgs Honduras, silvers, ord 3s Bd,
black ord to good 4s Id to 4s Bd, and 37 bgs of Mexican
silvers 3s 8d per lb.