The Sun.
London, England, 1839-02-13 00:00:00

LON DON, WEDNESDAY,-EVENING EDITION,-FEBRUARY 13, 1839.

MARKET INTELLIGENCE.

(From the London Price current of Last Night.)

So:mt.—There has been more life in the market for \Vest India
Muscovadoes Sugar ; from the refiners there has been a steady de-
mand ;. the grocers have also purchased to a fair extent, and previ-
ous rates have been obtained for brown as well as for yellow de-
scriptions ; the lowest point of the market for free brown is 56s 6d,
and the extreme for superior yellow 651 per cwt.
This afternoon there was no auction of Barbadoes ; the demand
privately was limited both for the sale and pan, importers, however,
refused to sell excepting at prices equal to those of Friday.
The Gazette Average Price is now 37. 04d, against 39s 2.id, in
1838, and 34s Old, in 1837.
REFINED.—The grocers have purchased more freely of Refined
goods, and several parcels of Lumps have been taken out of the mar
ket, those equal to the standard at 755, rather under 73s a 745,
common, 71s a 725, brown 70s. For shipping there are still no
buyers, owing to the high price demanded for our manufacture, and
the lew rates at which the Dutch Refiners are sellers. Pieces have
been in better demand at late rates. Bastards met with a dull sale
but in prices there is no particular change. Candy has maintained
late quotations. Dutch Crushed Sugar continues in request; 250
hhds. have been sold, part to be delivered at 34s 6d, and the remain-
der in Holland at 32s 6cl; at public sale 31 hhds Belgian 7 lb.
Loaves were bought in at 38s a 395.

This afternoon, the only change in prices is In patent. Treacle,
which has been sold at 30s to 31s per cwt.

Msuarrius.—Previous rates have been maintained; at public
sale 5447 bags were all sold, and a part was taken for refining, fine
and very fine yellow fetched 62s a 64a, good mid to good 60s 6d a
61s 6d, mid 58s a 58116 d, good grey 59s a 59s Gd, fine brown 56s Gd,
ord 4Ss Gd a 50s 6d.

EAST INDIA. —For home consumption there has been a better
demand for Bengal ; the lower sorts have been the most in request,
and full prices have been paid ; at public sale 6000 bags all found
buyers, good to fine white 66s 6d a 68, ord 63s 6d a 645, fine strong
yellow 65s Gd a 661, good 64s a 655, damp white 64s Gd a 65s 6d,
washed 60s a 645. In Manilla the purchases have been limited for
refining, and for exportation there are not many orders, but there
are no sellers under 22s 6d a 24s for mid to good quality. Siam is
held for full prices.
FOREIGN.—The demand for all descriptions has been limited, but
previous rates must be paid ; 183 boxes yellow and 463 boxes white
Havannah have been submitted to public competition ; they were
old soft Sugars; the former sold at full prices, good bri.wn to yellow
at 24s Gd to 26s 6d, good yellow 27s to 28s; the latter were all taken
in at easy rates, low to good quality at 35s a 395.
This afternoon 52 chests Brazil at public sale sold at the general
valuations, low to fine brown at 17s to 22s 6d, ordinary to good
damp yellow at 24s to 26s per cwt.
SUUAR CANDY.—At public sale 304 boxes Foreign, for export
only, were all taken in at 36. to 40s per Cat.
MOLASSES.--West India are still taken sparingly; and 74 puns.
Vincents at public sale went rather cheaper ; middling at 29s 6d,
good 30s to 30s 6d per cwt.
COFFER.—West India of mid. and good clean quality has been
taken readily, and an advance on former rates of 2s has been ob-
tained ; for ord and unclean sorts no further reduction in prices
has taken place ; at Auction 108 casks Jamaica have been brought
forward, and being principally of superior quality, which is much
wanted, sold readily, fine mid. at 1445, fair to good mid 110 s 6d to
122 s 6d, fine fine ord and low mid 103 s 6d to 104 s 6d. In East
India little change has occurred in prices. For Ceylon a better de.
mend has been experienced from the grocers, who have paid 93s for
small parcels of good ordinary. Mocha at former rates. In the
Foreign market the demand privately has been confined to the
better qualities of Brazil at 45s a 475, of which there are few to be
met with; for ord sorts, holders are not inclined at present to
submit to lower prices. In St. Domingo, fine descriptions are held
for 45s to 46s per cwt. Havannah of coloury quality is wanted
This afternoon 1670 bags Brazil at public sale were all sold, fair
to good erd at 42s 6d to 445, which is is lower; a few lots fine to
fine fine ordinary brought 48. to 50s, which are full prices.
Ceylon is much wanted by the grocers, and parcels of good ordi-
nary have been sold at 98s; some holders ask 99s per cwt : the
supply is very short.
COCOA.—The private purchases have been small in West India,
but in prices there is no change. In Foreign few sales.

This afternoon at auction 103 bags Bahl; sold at 40s 6d for very
tine quality.

TEA.—The market has become very quiet during the last few
days; the transactions in black as well as in green Tea have been
limited ; holders however remain firm, and will not sell excepting
at prices equal to those of the last quarterly sale. Some of the
merchants have at length come to the determination to alter the
system of selling Tea, and one house has declared 3000 pigs for
auction on the 26th inst. ; other importers are inclined so bring
Tea to public sale, the same as other leading articles of consumption,
and thus do away with the injurious system of quarterly sales. 'f he
deliveries for home consumption since our last have been large.
TALLOW.—Prices have fallen considerably; on the spot the de
mand has been extremely limited for Petersburg Yellow Candle,
even the reduced rates of 49s 9d to 50s for first quality have not
tempted either chandlers or soap-makers to furnish more than suf-
ficient to supply their immediate wants, buyers anticipating a
further decline in prices as the season advances; 49s is the nearest
price for March and April. For delivery in the last three months
the purchases have been on a limited scale at the reduced rates of
47s to 47s 6d per cwt. For Town Tallow prices have given way.
For auction on Friday 200 casks P.Y.C. are declared.

This afternoon the price on the spot was 49s ad a 49s 9d for
Petersburg Yellow Candle of first quality, but there is still little
do'ng.

INDlfto.—The purchases have been limited in East India, and
the quantity sold since the quarterly sale do not exceed 300
chests; proprietors, however, remain firm, and will not sell under
the rates established at that period; in Spanish there has been
nothing doing.
BRINSTON2.—Rough is held firmly, but there are few buyers at
present ; and 210 tons at public sale were bought in at 101. for first
quality.
Rice.—Of East India none has been offered at auction, and the
purchases privately have been limited, but lower prices have gene.
rally not been accepted.
Spices.—Pepper is held firmly, and there arc few sellers of com-
mon Sumatra under 4d per lb. In Pitnento holders have refused to
submit to lower prices. Cass'ia of good quality is wanted fur ship-
ping at 625, but holders are not inclined to sell at present. For Cin-
namon lower prices have not been accepted. Mace, Nutmegs, and
other articles have undergone little change in prices. Ginger is in
better demand; 500 bags Barbadoes at public sale went tts a 3s
higher, and brought 45s 6d a 46s for good bold quality. This after-
noon at public sale 13 casks Mace were taken in, ordinary quality at
3s 6d, for export only Is per lb.
LAC DYE.—There has been a fair demand, particularly for mid.
dling descriptions, and full prices have been paid. At public sale
48 chests brought is (id to Is oid for mark P. C., 2s 3d to 2s 3id
for G. C. of good quality, and 1 I d to Is for ordinary native.
COCHINSAL.—A steady demand has prevailed since our last, and
previous prices have been fully supported.
SALTPETRE.—For rough rather lower prices have been accepted,
making the reduction during the last two weeks 6d to Is ; 3,200
bags Calcutta have been sold at 27s ad for refraction 121 to 51.
The refiners have reduced the prices of English to 33s in barrels,
and 32s 6d in khds.

BUM, BRANDY, AND HOLLANDS.—For Jamaica Rum there has
been little demand, and prices remain the same as last quoted ; in
Leewards the purchases have been confined to 250 puns. at
rather reduced rates, proofs at 3s 4d to 3s 4id, 5 to 7 per
cent. over at 3s 6d to 3s 7d, 8 to 13 over 2s 8d to 3s 9d,
14 to 16 over 3s 10d to 3s I Id, 16 to 20 over 4s to 4s Id ;
Brandy in better demand at prices fully equal to those of this day
week. Geneva 3s 3d to 2:. 4d. British Corn Spirits continue
in good demand-

DVEWOODS.-138 tom Brazil Wood at auction were all taken in
at 601, and 70 tons Campeachy Logwood on Thursday at 151 to
15/ 2s 6d per ton, but since then there has been a better demand
for Logwood.

OrLs---We have still to report a quiet market for the commc.i
descriptions of Fish Oils; Seal Oil has maintained previous rates,
but for Southern of common quality, easier prices have been ac-
cepted; at public sale 200 tons sold at 25/ to 271 10s for middling
to good quality of Sperm at pulic sale, 12 tons middling brought
871 lOs to 871 15s. For Linseed Oil prices have fallen 27. 3d a
27 6d. Rape—reduced riites have been submitted to. Palm at
lower prices ; good to fine quality at 42s 3d to 42s 6d. Olive at
late rates. East India cocoa-nut flat.

PaovisioNs —For all kinds of Butter holders have accepted a
rsduction of several shilings ; Cork 90s to 94s ; Carlow, good 903 to
965; and the best Friezland 104 s per cwt. Lard is also rather
cheaper, bladder selling at 68s to 70s. In Bacon the transactions
are on a very limited scale, even at a depression of about I s a 2s per
clot, for the best in the market not more than 10s or 11s, and 48s
for Inferior qualilies can now be obtained.

ANTI-CORN LAW DELEGATES.

The Delegates met yesterday at the usual time and

place.

Among the Members Of Parliament present were
Mr. Clay, Mr. Tancred, Mr. Wood, Mr. Thornely,
Sir. G. Strickland, Mr. Baines, Mr. Hastie, Mr.
Scholefield, Mr. Chalmers, Col. Solway, and Mr.
Mark Phillips.

Tilere wcro also present Dr. Bowring, Mr. Ewart.
Lord Nugent, Mr. Baines, jun., and several new de-
legates.

The CHAIRMAN announced that Messrs. Milligan
and Gurnett were appointed Delegates from Bradford,
Yorkshire, and Mr. Ewart from London,
A letter had also been received, drawing the atten-
tion of the Delegates to the great decline which had
taken place in the consumption of candles and of soap.
Mr. GREG remarked that no doubt a rise in
the price of corn would affect the con-
sumption of all other commodities.— (Hear, hear.)
A Correspondent had transmitted a form of a pro-
Corn-law petition, stating at the same time that the
agricultural labourers were compelled to sign it by their
masters.—( Hear)—and that at the pro-Corn-law meet-
ings, the farmers could not be got to attend, except at
the request of the landowners.— (Hear, hear.)
Dr. BOWRING said the Evidence Committee would
be

ready with the agricultural questions to-morrow.
Mr. Evemer observed that it was most desirable
press on the agricultural labourers and on the farmers
:bat the repeal of the Corn-laws would benefit their
nterests.—( H ear.)
Lord NUGENT, after a few observations, rather
more favourable to the agriculturists, and rather
more despairing of success than suited the views
of the delegates, suggested that they should in-
vite two or three from the agricultural body
to meet a few of the Anti-Corn-law Delegates, to
ascertain if there was not some neutral ground on
which they could meet each other. He would now give
notice that. on Friday be would submit a motion to the
Delegates f(,,---the appointment of a delegation to make
some proposition to the agriculturists,
Mr. WALMSLEY said the delegates were appointed
from large mercantile communities for the purpose of
asking the immediate and total repeal of the Corn-
laws—( Hear, hear,)—and they could make no compro-
tnise on this great question.—(Hear.) Foreign manu•
facturers were rapidly supplanting ours in neutral
markets—(Hear, hear,)—and that though a return
from a state of war to a state of peace, might, in
some degree, have aided this extraordinary increase in
foreign manufactures as compared with ours, it was
mainly to be traced to that which was falsely called the
the " protective system , or the refusing to receive
from other nations the articles they were best
able to furnish us in exchange for our manufac-
tures—( Hear, hear.) The United States of Ame-
rica, with a population of only twelve millions, took
More of our manufactures than the whole North of
Europe, with a population of a hundred and fifty,
tniilions.—(Hear, bear.) Why was that ? Because
we refused to take the raw produce of other nations, un-
less at famine prices.—(Hear, hear.) But there was
another interest affected by this question—an interest
of greater importance than the agricultural interest
—of greater importance than the manufacturing inte-
rest—he meant the interest of the suffering million with
whom this was not a question of prosperity or adversity,
but a question of life or death. The evil is as yet in
its infancy, but unless some measures are adopted to
prevent it we shall each fall a sacrifice one after ano-
ther to the cupidity of a small band of monopolists.
The total repeal of the Corn-laws would not be in-
jurious to the landed interest, and it would be the only
thing that could save the manufacturing interest from
It would equalize the pt ices, and save the pre-
sent ruinous fluctuations in the prices of grain.
By encouraging our manufactures we should increase
the demands for the first necessaries of life, and should
thus give a fair and steady value to land. What had
been the average price of grain in this country without
foreign importation for the last five year, 48s. 7d. Now
with the exception of what is termed high mixed or white
Dantzic Wheat, of which there is a very small quantity,
and English Wheat is generally of a much finer quality
than foreign. This is of itself a protection. Proximity
to the market is also a protection of no trifling nature,
for whilst the merchants at Dantzic and Odessa
have to bring their wheat a distance of six hundred
miles, at a cost equal to as much as half its value,
the English farmer brought his corn to market free from
every charge, even the chars eof commission, In the
cost of import into this country the British grower has
a protection Of frnm_Ba.4.o.l4s, der quarter, exclusive of
any profit to the merchant. 'This, if added to the average
cost of wheat for a series of ~five years, which may
fairly be taken- iii—tria-Thlatiaatif of value, -would give
all the protection that any honest man could desire.
The average price of wheat in Dantzic for fifty years,
ending in 1819, was upwards of 455. per quarter ; for
the-ten years ending 1831 it was 335. 6d., and for the
nine years ending 1838 it, was 395. 6d. ; the two last
would give an average of :368. per Imperial quarter ;
cost of transit 10s. per acre, you have an average of
465. 6d. per imperial quarter. Now what was the evi-
' deuce of one of the most competent witnesses that
was ever examined before the House of Com-
mons in 1836, that the British grower could
afford to produce wheat at a price nearer 40s. than 50s.
per quarter. The growth of wheat abroad would not
be materially increased without a considerable rise in
our own prices at home, and our rapidly increasing po.
pulation, equal to two hundred and fitty or three million
souls annually, would absorb any little increase which
there might be. It is the equalization of prices that
we look to, rather than their reduction in this coun-

try. 'Zile greatest quantity of wheat and flour imported
into this country in any one year, and that under high
prices, was 23; millions of quarters, the average import
being about 700,000 quarters It may be said that
prices may at particular periods have been much lower
than the average I have named ; in fact, that wheat has
been sold in this country at 20s. per quarter in bond ;
but that could be no proof that it could or
At present there is no large quantity of wheat either in
our own ports or in those of any other country. The
United States formerly exported about nine million
barrels of flour, mostly to the South American States
and the West Indies. She has for some years been
unable to supply more than half this quantity,
and these States have consequently been obliged to go
to the Baltic ports. Canada has never sent
more on an average than 50,000 quarters. France has
long been an importing country ; Spain and Portugal
can export little or no corn. The Mediterranean

countries have for many years been dependent upon
Odessa, the shipments from which do not exceed half a
million of quarters annually, the greatest part of which
is taken by the Italian States, so that the great bugbear
is the quantity that could be supplied from the north of
Europe ; this could not exceed one million and a half of
quarters annually. Lest the interests of Ireland may
be said to be compromised by a free importation it may
be well to state, and he did so with satisfaction, as a
proof of the comparative increase in her power of
consumption, that while there has not been any
increase in the export of flour, her export of
wheat has materially decreased from 541,000 quar-
ters in 1833 to 462,000 in 1834, 340,000 in 1835,
249,000 in 1836, 252,000 in 1837, 210 in 1838.
He did not appear as the advocate of the manufac-
turers, for he was connected with land, and with the
Corn-trade, and had been so for the last twenty
years. The geographical position of this country gives,
the Agriculturalists the very best protection possible
The manufacturers are obliged to purchase their food of
them at the highest natural price, whilst they pur-
chase of the manufacturer at the lowest natural cost.
Corn grown in this country can never be lower than
the price at which it can be imported, and therefore
the Agriculturist will always get for his corn, in addi-
tion to the cost of its production, the cost of its import-
ation. Thus then as a natural balance in favour of the
agriculturists of this country, and when they press for
more profit, they begin to undermine the foundation on
which they stand. Every increase of price beyond this
raises the cost of production in manufactures, and trans-
fers them to other markets. If the process be conti-
nued until the manufactures leave the country, the price
of corn will constantly fall, until, being less than on the
Continent, the produce of the land will have to be ex-
ported at a minimum price abroad, instead of being
consumed at a maximum price at home.
Lord NUGENT--Mr. Walmesley had misunderstood
him. He had guarded himself by saying
that nothing
should induce the Delegates to lose sight of the great
question of immediate and total repeal.
The CHAIRMAN.-I do not see he, we can pos-
sibly meet such violent resolutions, which had been re-
cently passed at the meeting of the Agriculturists, and
which recommended, among other measures, that if a
repeal of the Corn-laws should take o rTlce, an equitnble
adjustment of the National Debt should take place at
the same time.
y respecting the
Mr. BOULTBEE had much to sa
illiberality, the inexpediency, and_ the injustice of heaping
abuse upon the landlords. He was perfectly aware
that the object of all the Corn-laws was to raise the
prices of agricultural produce, and thereby to benefit
what was called the agricultutal interests, but
that furnished no excuse for vituperation. It
was very possible for the landlords to suppose
that in promoting their own interest they were
also promoting the welfare of the nation at large ; if it
were a crime to hold such an opinion, he must bear his
foil share of the criminality, for he was decidedly of
opinion that the interest of the nation at large, and
the interest of individuals could not by any pos-
sibility, be permanently different.—( Hear, hear.)

Admitting the landlords to be guilty of selfishness, were
the manufacturers the proper party to throw the first
stone ? were they met in that room to assail monopoly
with all the weapons they could get hold of. Were
they the party to monopolize all the liberality,
all the good sense and all the integrity of the country,
and refused the landlords the smallest participation ?
He was of opinion that it might be proved to demonstra-
tion that instead of the landlords having been benefited
by the Corn-laws, they had in every instance been in-
jured. That he might not weary the Delegates, he
would give notice that to-morrow he would move for a
Committee to inquire what effect the Corn-laws have
had upon agriculture, and repor the result.
Lord NUGENT preferred Mr. Boultbee's notice to his
own.

Mr. GREG begged to call the attention of the Com-
mittee to the second edition of Lord Western's pam-
phlet. His Lordship said the Corn-laws had been
enacted for one purpose only, and that was to secure to
the people a large and plentiful supply.of good corn.---
(Laughter. But it had always struck him (Mr.
Gregg) as an odd thing, that when the price
of corn was low, and there was a plentiful
supply that there should be a bounty imposed on the
exportation of it, and that when there was a scarcity a
duty should he imposed on its importation.—( Hear,
hear.) If they saw in one of their tradesmen's bills a
mistake in the account in favour of himself, that:would
look very suspicious ; and was it not equally suspicious
to see a species of legislation carried on all on one side ?
There also appeared to him to be a great deal of un-
necessary alarm about England being dependent
on other countries for a supply of food ; and he
would ask whether England was not dependent on
foreign countries for a supply of food in every year that
there was a failure of crops.—( Hear, hear.)
The Committee then adjourned till the usual hour
to-morrow.

NATIONAL CONVENTION.
(YESTERDAY.)

Mr. CARPENTER in the Chair.
The minutes of Monday's proceedings were read and
confirmed.

ADDRESS COMMITTEE.

Dr. TAYLOR, on the Report of this Committee being
called for, stated he felt satisfied that on Thursday he
would be able to bring up the Report.
Upon the call being made made for the Report on dis-
seminating political knowledge,
MI. MATIIRWS said this Committee had not yet finished
their labours, although they were incessant in their atten-
tion to the trust reposed in them.