The Sun.
London, England, 1839-06-25 00:00:00

THE PAULINE AFFAIR.

The Stewards of the Jockey Club met yesterday, and gave the
following opinion on this case :
" The Stewards of the Jockey Club, having taken into con-
sideration the 'evidence in support of the charge against the
owner and rider of Pauline in the, race for the'Palace Stakes at
Hampton, and the explanation given by the former, in which
lie admitted that he ordered his jockey to lose the race to pre-
vent his mare being claimed, are of opinion that the whole pro.
seeding was fraudulent and' disgraceful, and that bets on this
race lost to Mr. Theobald or Curwcn should not be paid.
(Signed) " BEAUFORT.
" STRADBROKE (for Lord Chesterfield).
" H. J. RODS.
" June 24, 1839."

PRICE OF SUGAR.

EFFECT OF MONOPOLY.

Table sheaving the ex-duty price of West India Sugar,
in Mincing-lane, and comparing the same against that of
Foreign Sugars:—

London, June 22:1839.
The Gazette of last night quotes the average Per cwt.
price of British Plantation Muscovado Sugar
exclusive of duty at
The actual quantity sold on which the above price is
computed, consisted of 1,667 hhds., 211 trs. and 61 brls.

Manilla Sugars of a similar quality to the average of
%Vest Indian Sugar are worth 243. 6d. per cwt.—being
17s. le:s than the %Vest India.

The produce of the refineries working Foreign' Sugar
under lock for exportation only has been sold th:s week;
as follows : Per cat.
No. 1. Refined Sugar, equal in quality to double
refined, at
No. 2. Bastard do. • 2iii. Od.
No. 3. Treacle l4. Od.
The produce of the refineries working West India
Sugar and Molasses, exclusive of the duty for home con-
sumption has been sold this week as follows : Pa- cwt.
Refined Sugar, same quality as No. 1 above, at 58s. Od.
Bastard do do 2 40s. 6.!.
Treacle do 3 31s. 01
The British nation, therefore, pays for Refined
Sugar
For Bastard do
Fur Treacle
more than Foreign nations pay for articles of exactly a
similar quality, and which are all manufactured and sold in
London.

There has been no exportation of Refined made from
Weat India Sugar since the reduction of the bounty in
October last, neither will any shipments take place until
the price of British Raw Sugar falls from 41s. 64. to 265.
per cwt., and then only provided the price of the Refined
Sugar in the Foreign markets remained at 345. 6d. per
t. It is argued that the stocks on hand, both of British
Sugars and of free labour Foreign Sugars, as well as the
quantities of both sorts to arrive, will not together exceed
the demand of the nation, and that therefore the price,
even in the event of free labour Foreign Sugars being ad-
mitted for home use at the West India Sugar duty, would
not fall so los as to bring them within the operating
powers of the Bounty
,Act; and therefore, happen what
may, that Act, if renewed this year, will be a dead letter.
We have secn the statements on which this argument is
based, and suppOsing them to be accurate, we admit that
the chance of the bounty coming into mischievoui activity
for the next twelvemonth, is beyond the pale of probability ;
abut, however, we contend fur is this, that to renew the
Bounty Act under the circumstances explained will be an
useless piece of legislation, and a waste of just so much
time and parchment as the document may require, for the
futile purpose of displaying the intention of the Govern-
ment to bolster up, if it can, the price of West India Sugar,
at the expense of the nation. Furthermore, that this
shadow of a protection will be mistaken by the public at
large fur the substance, and will have the uncUaritable
effect of exposing the Colonist to odium unconapensated by
any advantage.
' When dealings are to be fair and open there needs no
mystery.

MONEY MARKET and CITY NEWS

HE 11 AL D.—We have ever alluded to the affairs of the
BaLlt of E. gland with what we choose to term a deter-
mined impartiality, and looking at all circumstances, we
believe that, were we called upon for an opinion, it would
be our duty to essert that at this juncture the whole of the
commercial and monetary interests should j,An in sup-
porting the Bank of England :, the more so, as in its na-
tional character it is made to appear but the monetary
godmother of the weakest administration that ever pre-
vailed since the tumble down of Lord North's most me-
morable coalition, whilst its sponsorship, like a wire-worm,
undermines its own stability.

TIME S.—The private accounts from New York to the
7th inst. are commercially of some interest. The adviccs
which had been received by the Great Western of the
state of money and commercial affairs here at the date of
the 18th ult. had not produced any considerable reduction
in the prices of cotton or of. American securities, which,
indeed, was hardly to be expected in the few days which
intervened between her arrival out on the Ist and the
sailing of the packet-ship Rochester, on the 6th instant,
which. reached Liverpool on Saturday last. The slight
depression in prices, therefore, is scarcely worth.alledmg
to, for. with respect to cotton there had not been time
sufficient to ascertain what would be- the effect of the
unfavourable intelligence by the Great Western upon the
great cotton marts of New Orleans, Mobile, and other
places in the interior. The more immediate result upon
the New York market was, however, sufficiently apparent
in the remarkable stagnation of business which ensued. As
every succeeding arrival out there could only communicate
adviccs less encouraging still of the situation of money and
commercial affairs here, no improvement on that side
need be looked for. Ad the accounts now received speak
in the most decisive terms of the very promising appear-
ance of the new crop in all the cotton-growing ttates
which, it is assertd, would greatly exceed 'in quantity
that of last year, as the planters had been induced by the
high prices to gush cultivation to" the greatest possible
extent. •

CHRONlCLE.—Everything remains in the same state
of apprehension and doubt, and the letters from the coun-
try this morning are of a nature to increase rather than
diminish this feeling. It is as yet impossible to ascertain
what may be expected to result in the manufacturing dis-
tricts from the recent measures adopted by the Bank of
England; for the letters are generally written under consi-
derable excitement, and paities there seem to have been
taken wholly by surprise, and to be completely paralized.
In the city the opinion is decidedly that most prejudicial,
consequences will ensue; but it must, however, be borne
in mind that 'the commercial community were never in a
better position to bear up independently against such a
shock ; for there has latterly been so little business
going on that the amount of bills afloat is comparatively
quite small. It is affirmed that there is little more than
2,000;000/. of specie in the coffers of the Bank. The
mercantile men, moreover, deny that the proceedings of
the Bank will have the desired effect Of bringing down the
prices of articles of export, and thereby right the Ex-
changes ; at least its operation will be long, while the
shipments of bullion wit/ continue in the meantime.
A very considerable amount of Stork has been disposed
of to-day in the English Stock Market, and at a great re-
duction of price. In the morning affairs looked despond-
ing in the extreme, and most extravagant rates were given
for loans of money until the opening ; but in the after-
noon, when the supplies for the day had been obtained,
money became less scarce, and it could be borrowed indeed
at five per cent until to-morrow, but for the account it
was still at 10 and 12 per cent. This little improvement
in the appearance of money occasioned a partial rally in
the prices.
Foreign Securities continue extremely languid, without
any business of moment going on in them. The settling
day in this market, which takes place on Friday, is
looked for with much apprehension, as it is well known
a considerable amount of money has been lent upon tl e
deposit of Foreign Securities, which it is expected lain
now be all called in to enable the lenders, not only to
get a higher rate of interest, but have the security of
British Stock. Some mischief it is thought may pos-
sibly occur; but as the probabilities arc seen now it is
hoped that every preparation will be made to prevent
anything unpleasant. The operations of the English
Market destroyed the effect which the intelligence from
Portugal was expected, to have produced on the value of
that Stock.

ROYAL MARRIAGE.-STUTTGARD, JUNE

19.—Yesterday afternoon, between four and five o'clock,
the marriage of his Royal Highness the Hereditary Prince
William Alexander of Orange with her Royal Highness
the Princess F,ederica Sophia Matilda of Wurtemburg,
second daughter of the King, was celebrated in the marble
saloon of the Royal Palace by the Councillor of the Con-
sistory and Court Chaplain Charles Grunelsen, in presence
of the members of the Royal family, his Royal Highness
the Prince of Orange, of the Margrave and of the Mar-
gravine William of Baden, of all the Court, of the Mi-
nisters and Diplomatic Corps. After the marriage cere-
mony the Royal couple were felicitated.

BURGLARY PREVENTED.—The Police reports
of almost every day abound with instances of depredations
being committed in consequence of the use of insecure
leek's. S. Mordan and Co. therefore, tak:: this oppor-
tunity to recommend thcir Patent Safety Lock, to the
notice of the public, as an inviolable protector for every
species of property. " This is the most secure, the best
constructed, and the most reasonable lock that can be
purchased, no establishment should be without h."—
Manufactory, 22A, City road.
TIIE LATE FATAL ACCIDENT ON TUE
EASTEIiN COUNTIES RAILWAY.—An inquest was held on
Saturday at Stiatferd. The Jury, on hearing the e,a-id-
dence, declared their opinion to be that the accidentnd 3
had
b the
been occasioned altogether by over speed,
onfdthethCer oemx-
engine man having, in this respect, disobey
press orders of the engineer and chief
officers
piny. The engine is scarcely damagedc,tshe boiler riot
having burst, as erroneously stated in some
of the reports
of the accident. There were thirty five passengers in the
train, not one of whom received the slightest injury, owing
to the judicious arrangement of fastening the carriage
doors, which prevented their attempting to jump out. The
slight injury done" to the rails was immediately repaired,
and the trains are now running in regular succession. ,