The Sun.
London, England, 1831-11-19 00:00:00

MARKET INTELLIGENCE.

A report, as our readers know, was current, and
was very generally believed, about this middle of
this weeks that his Majesty had peremptorily refused
to adopt the advice of his present Ministers with re-
spect to a large and immediate increase of the Peer-
age, and that in consequence of this refusal Esrl
Grey and his colleague, had tendered their resigna-
tion, sVnich the King had been graciously pleased to
accept. To the whole of this rumour we never
yielded our errire belief. That part of it which re-
lated to the determination of the King we had good
reason to think ptohable, and, if it had stood alone,
should perhaps have been unable to resist the evi-
dence by which it seemed to be supported. But when
to this was added the statement that the Ministers
had resigned in consequence of his Majesty having
rejected their counsel, we felt, like most other
persons, that the story was one which compre-
hended so much of the improbable and unnatural
as to require the most direct and positive testimony
to entitle it to any eredi,. Recollecting that Earl
Grey had once, itt the reign of George the Third,
offered to retain a high place in the Administration
et that expence of character and consistency which
is implied in the withdrawing of advice offered to
the Sovereign upon a subject admitted by all to be
of greet importance, and viewed by the Noble Earl
himself as of the greatest—at that expence of ho-
nour and integrity which must be incurred when a
Minister withdraws from Parliament a measure of
the utmost value in his declared estimation, which
he had introduced under a misconception of the
Royal will, and carried nearly to its completion—
recellecting, we say, that Earl Grey had once been
desirous of retaining office at this vast expence, of
all that gives value and respectability to political
character, we could scarcely bring ourselves to be-
lieve that an Administration of which he is the
head was likely to dissolve upon any difference of
,
opinion whatever, however important the subject,
between its members and their Royal Master,
which had riot yet been brought distinctly and offi-
cially under public view. It appears that our die.
trust of the rumour, so far as it related to the resig-
nation of Ministers, was well founded. They are
yet in office, and nobody, so far as we can find, pre-
tends that their resignation either was or would have
been refused. It is now said, however, by the Mi-
nisterial Journal (the Globe) that "the reports which
have been circulated respecting the King's refusal
to consent to a large creation of Peers are, like the
rumours of a change of Ministry, without any founda-
tion." Upon this flat contradiction we have a few
words to say. As what passes in the King's closet
cannot be matter of positive assertion, or even of au-
thentic knowledge, to any but members of the Cabi-
net,who are bound to silence by their duty and their
oaths, the truth or falsehood of the reports as to the
King's refusal can only be gathered by inference from
collateral facts. Now the facts in which the reports
originated were and are still strongly in their favour,
the reports being unlike " the rumours of a change
of ]‘linistry" in this, that they present no inherent
imprcbability. It is a fact that the journals most in
the interest and the favour of the Administration
had for some days previous to the reports in ques-
tion been constantly urging the necessity of a large
and immediate creation of Peers, as the only step
by which Ministers could hope to preserve the con-
fidence of the Reform party in the country. It
is a fact that three days before the reports were
first heard the Lord Chancellor went to Brighton,
and sought an interview with the King, for
the purpose, as was insinuated repeatedly by
the same journals, of impressing upon his Ma.
jesty the immediate necessity of this step. It
is a fact, that on the occasion of this visit to
Brighton the Lord Chancellor had not the offer, or,
if, he had the offer, did not accept it, of the ordinary
hospitality of the Royal Palace. It is a fact that,
immediately after the return of the Lord Chancellor
from Brighton, the leading Journal in the interest of
the Administration burst out into most irreverend
and unseemly expressions of disappointment and re•
proach and menace towards the King :—" Should
the opposition to decisive measures rest with a Great
Personage, let the merit, if it be a merit (and, if
not, his Majesty will soon be made aware of it)—
let the merit of a refusal to carry Reform through
the House of Peers rest upon the proper shoulders."
The report of the King's refusal to make Peers
may have been without any solid foundation ; but, as
a matter of probable inf rence from the foregoing
facts, we still think the chances are greatly in favour
of their truth. It would be saying little for the
argument in this case to maintain merely that it is
werth more than the naked contradiction, for in fair
and candid reasoning the contradiction is itself but
another fact in the case, which imparts new breadth
and solidity and coherence to the foundation upon
Which the argument is built. A Ministry which
had made no unsuccessful attempt upon the mind of
the King would probably permit the unfounded ru-
mour of its failure to die the natural death of all
unfounded tumours. The -Ministry, on the con-
trary, which knew that it had tried and been re-
pelled, and which was yet determined to cling to
place, ould naturally intimate to its adherents that
it had not tried, and had not been repelled. The
contradiction of the Globe to the rumour of the Mi-
nisterial repulse is good as an intimation that the re-
pulse is to be endured, and good for little else; just
as the Lord Chancellor's dinner at the Pavilion
next Sunday will chew simply that his Lordship's
exclusion from the Royal table last week is, in his
opinion, no good reason for giving up the Seals.-
II Morning Post.
nt of

OX'ORD, Nov. 17.—The VICE-CHAN-
CELLOI. has fixed Thursday, the Bth of December, for the
election of a Professor of Poetry. The Professorship be-
comes vacant on the sth of next month, Mr. MiLmati
having held it for ten years, the longest period allowed by
the statute. Mr. KEBLE, Fellow of Oriel, and author of
a collection of poems entitled " The Christian Year," is
the (idly candidate hitherto sanounord.

LONDON MARKETS.
(From the London New Price Current of yesterday.:
SvcArt.—The Sugar Market has been very heavy all
the we the rood and fine were at full prices, and are
scarce, the brown very dull.—The estimated sales were
2,700 hhds and tierce., including the public sales ; of the
latter 233 hhds. 67 tierces St. Lucia sold this day die.
; the coloury very high, this brown dull at market
priCes. In the Refined Market there has been little vari-
ation ; a few buyers appear for low Lumps at 595., but
few sellers at that price. The fine descriptions this after-
noon, entitled to the bounty on Doubled Refined, are al-
most the only qualities for which there is any export de-
mand at present, and there, continuing very scarce, com-
mand very cull prices, and there are now scarcely any
parcels to be purchased (crashed) under 31s. 6d., several
offers of 31s. to-day having been refused. Of the lower
descriptions scarcely any sales have been made, but some
small parcels of ordinary large Lumps have been sold 6d.

under the plot itions.
F,Vre INOTA. SUr7AR.-Ahout b,gs Mauritius
I.reve been sold early in this week, the brown again
about ls. lower, the other qualities at former prices.
Manilla and Siam Sugars firm at the former quotation;
white Siam at 21s. a 21s. ; brown and yellow 16s. a 19s. ;
inferior grey Manilla 21s. and 225. This day public
sales 5,843 bags Mauritius Sugars sold as preciously ; the
lowl.rowh at iaarltcad ices ; the coloury brisk at
stint improving rates.
FOREIGN SUGAR.-The public sales of Brazil Sugar
this week have been about 1,250 packages, and nearly the
whole sold ; there were 670 chesty Bahia, of Which about
tlOO sold; lo* to good white IN. a 235. Gd. ; brown
153. 6d. a 17s. Gd. ; the remainder Bios were mostly
taken in ; white 20s. 61 a 245. 6d.: brown 15s. 61. a
17s. 6d. ; soft brown and yellow sold 15s. a 18s. ; a
small parcel low and middling white Pernams 211. a 225.
The public airle of itavannal7 on TdesdaY Sold, 16 bokes
to fiddling yellow 225. a 235. Gil. ; 130 boxes
middling strong white were taken after the sale at 329.
COFFEE.-The public sales of Coffee this week have
gone off with more briskness; St. Domingo, good and co-
loury sold 555. 6d. a 575. ; Brazil, in parcels, 555. ;
East India Coffee is Is. a 2s. higher.-The Batairia good
ord. Sblll tins. tj I. a 655. ; good ord. Samarang 51s. Gd.
a 535. ; ord. and good Sumatra 459. a 475. Gd. ; fine
yellow Cherihon 595. a 61s. 61 The British Planta-
tion Coffee sells at very high prices, triage and black bean
Jamaica 755. a 80s. ord. and good ord. 81s. and S2a. ;
Berhiee triage 801. a 845.-This day's public sales 1,967
hags St. dating() Coffee sold Is. a Is. Gd. higher;
coloury 585., good ord. 5Gs. 6d. and his., damaged 5Gs. ;
no other descriptions were sold, hut the Market looks
very firm, and the advance since this day week, is gene-
rally Is. a 2s. per cwt.
Bitaibv, man floaaaNbs.--The Bum Market
has been dull, the sales reported inconsiderable.-Brandy
is in more demand, Geneva without vat iation.
Hamra FLAX, Axe) TALLOW.-The T Bow Market is
titan, and rather improving.-In Flax and Ilemp there is
little alteration.
PRO'VISIONS.-the butter Market continues in
the same depressed state as noticed in our last, and prices
may be nominally quoteei the same for that article, as well
as for all others under this head.
Weekly Deliveri, a af Butter, Bacon, and Stocks :-
BUTTER. BACON.
Nov. 12, Stock. Weekly Delivery. Stock. Weekly Delivery.
1 31 12,194 1ti,822 1,966
IKtO '37,833 10,050 4,338 1,650
TrA.-Boheas have advanced to 3s Ild. a 3s. 111-d.
per lb., duty paid. Congous are in great request, ard the
lower qualities command Id. to 2d. per It). profit.
Tsvankays are also in demand at DI. premium.
Itimuo.-There is no alteration in Indigo ; there are
no sales at any discount, but East India sale prices can
only be obtained with difficulty for small parcels.
Co'rrar.-The Cotton Market is steady. The pur-
chases ate 250 Surat, fair 411., good fair 44d. ; 100
Bowed, fair 51-1., good bid. ; 100 Egyptian, fair 6-ad.
This day's public s lea 254. bales Surat, old. sold aid. ;
130 Madras, good fair 4i.d. a 41. previous prices.
WINE.-The very large public sale of Wines on the
15th instant went off with unusual briskness ; it consisted
chiefly of fine and good qualities of Sherries and Ports,
both of which fetched good prices ; the fine qualities were
particularly sought after ; the Sherries rated from 301. to
601. p,r butt, the Port from 29/. to 38/. It was ex-
pected by the trade that the largeness of the sale would
cause it to go off heavily ; but, contrary to expectation, it
went off briskly, and at high prices.
COCHIN VAL.-The Cochineal at public sale, 42 bags,
sold at previous prices.
SALTPETRE.-Saltpetre is rather recovering from the
late depression ; rough sold at 38s. 6d., East India re-
fined at 395. Gd., and now 40s.
thas.--The Oil Market gave way considerably early in
the week, and on this day again still lower; there is little
doing in Fish Oils at the reduction, hut in Seed Oils the
business is considerable, the reduction basing induced the
buyers to come forward. By public sale this (ley 70 tuns
Southern Oil sold at 35/.

PRICE OF SUGAR.
The average price of Brown or Muscovado Sugar, computed
from the Returns made in the week ending Nov. 15, is 225. 1.11 d.
per cwt., exclusive of the duties of customs paid or payable thereon
on the importation thereof into Great Britain.

PRICES OF HOPS.—Nor. IS.
4/ 15s. 5/ ISI. to Si. Os.

Kent Pockel
Syrsex Ditto
Iffriex Ditto.___
Funtiam Ditto. Fine
Seconds

51. 2s. to 5/.

51. 12, to 17: