The Sun.
London, England, 1849-03-05 00:00:00

THE SUN, LONDON, MONDAY EVENING, MARCH 5, 1849,

whom the gaze of all is at this moment concentrated
—as the man for the emergency—and by appointing
in his stead one whose only characteristic is that of a
respectable mediocrity. Let the Directors remember
that they are empowered by their Charter to approve
of the person suggested by the supreme military au-
' thority at the Horse Guards, not for the gratification
of any private spleen or personal grudge, but for the
discharge of a great and patriotic duty, for the
judicious fulfilment of which they are held
heavily responsible to the Imperial Parlia-
ment. Within the last fortnight it has been
rumoured that the chief command of the
Indian army is about to be bestowed upon Sir
WILLIAM Gomm, now resident in the Mauritius.
Be it known that Sir W. Gomm has never once
been in active service during the last thirty-five
years, that anterior to that time he always acted in a
subordinate capacity—obeying, not commanding—
that subsequent to that time he has laboured indif-
ferently well in departments requiring only the atten-
tion of a civilian, and that consequently, of all men
that could have been nominated to succeed Lord
GOUGH, not one could by possibility have
been selected so ill-fitted at any time
for the rank of Indian Commander-in-Chief, but
especially at a period of such strange and extraor-
dinary emergency. Is it not—(we ask this plainly)
—is it not manifest to the whole of England, that one
man, and one man alone, would be invested with the
confidence of every party on his elevation to the rank
of Commander-in-Chief over the British-Indian
army—that that man is the Hero of Sinde—and that
the Hero of Sinde is kept out of the appointment
merely by considerations of a personal character ?
The answer is affirmative, and the affirmation
comes from the very soul of the nation. Let
the Directors be warned in time ; let them see before
it is too late wtat everybody else sees so clearly,
that the appearance of Sir CHARLES JAMES NAPIER
as Commander •in-Chief in the Punjaub would carry
not only joy to the forces now occupied in the seat of
war—it would not only diffuse confidence throughout
the whole body of the British empire, but it would
carry dismay and terror among the insurgent and
invading races, among the Seikhs and the Affghans.
The great warrior who is known even beyond the
crest of the Indian Caucasus by no other title
but that of the Davies BROTHER- would carry
with him not only the military genius and
the irresistible valour which enabled him to
conquer the whole of the magnificent province of
Sinde, but he would send before him the horror of
that great name which is respected in the valleys of
l3elloochistan and among the crags of Caubul. The
inevitable effect of the appointment of the Conqueror
of Sinde as the successor of Lord GOUGH would be
the overthrow of a rebellion which is becoming too
strong for that daring but incompetent General, and
not only the overthrow of SHERE SINGH and the
other Seikh leaders, but the simplification of the fron-
tier difficulties of our empire in Hindostan by its exten-
sion to the natural boundary of the Indus. When these
triumphs should have been accomplished—and they
would inevitably be accomplished under NAPIER—
that illustrious Captain might bring into operation his
many noble and splendid schemes for the perfect or-
ganization of our forces throughout the whole of our
Asiatic dominions. At present the labour to be
achieved is more imminent ; and that labour no
man can perform so effectually as the Conqueror and
first Governor of Sinde. During the solemn and
momentous hours of their deliberation it will be well
for the Directors to call to their recollection a
previous and very similar incident, recorded
in the history of the great Company over
whose destinies they are presiding when
Cure was at enmity with the members of the Board
in Leadenhall-street—when CLIVE was elected to be
Governor-General and Commander-in-Chief at once
in spite of the Directors—and when Crays, so ap-
pointed, saved the British possessions in Hindostan
from passing out of the hands of the Company. The
position of NAPIER in regard to the Indian army is
identical with that of Cmvs. Let not the fate of
SULLIVAN be forgotten by the Directory

The proposed " rate in aid" has excited a storm o:
indignation in the north of Ireland. Protests couched
in the strongest language are forwarded every day.
The men of Ulster state their determination not to
contribute a single farthing towards the support of
their suffering brethren in the southern and western
provinces. They declare that they will not pay, and
plainly and unequivocally intimate their intention to
resist the imposition by any and every means. Has,
then, the boasted loyalty of the north so far degene-
rated ? Are the friends of the British connexion in
that quarter, indeed, so lukewarm and indifferent ? Is
their allegiance of that doubtful and evanescent
character, that it can be dissipated by a rate
of sixpence in the pound, the proceeds of which are
to be applied for the purpose of feeding the hungry,
and clothing the naked? We cannot, for a moment,
credit the charge ; we cannot so far wrong the sturdy
Northerns as to suppose that those statements are well
founded—that they are more than hasty and petulant
expressions made use of in the heat of argument, and
not the results of sober and mature consideration.
The men of Ulster are firm, but not obstinate. They
will steadfastly oppose that which they believe to be
unjust, but they will listen to reason, and when con-
vinced, will unhesitatingly acknowledge the error into
which they had fallen.
There is undoubtedly some weight in the argument
chiefly relied on by the opponents of the rate in
aid, " that there is no greater reason why the
inhabitants of Down or Armagh should be called
upon to support the :poor of Mayo than that the
people of Lancashire or Yorkshire should be rated
for the relief of the Dorsetshire or Wiltshire
labourers ;" that if once the union boundaries are
passed, and that assistance must be afforded from
other quarters, besides those primarily responsible, it
can only be granted from Imperial resources,
and that it is not equitable to subject
any portion of the empire to exclusive
taxation for the purpose. This view of the case
would be irresistible if there were an equal measure
of taxation for England and Ireland, if the remons-
trants were subject to every burden by which the in-
dustry of England is paralysed. But such is not the
case. They enjoy many exemptions from taxation.
The assessed taxes are unknown on the other side of
St. George's Channel. There is no inquisitorial in-
vestigation into the earnings of every person in the
enjoyment of 1501. per annum, and no claim of 7d.
in the pound on his profits for state pur-
poses. There is no land-tax, no Excise
duties on bricks, hops, soap, post-horses, &c. The
tax on spirits is little more than one-third of what it
.s in this country, 2s. Bd. per gallon only being
Levied in Ireland, while the English distillers must

pay 7s. lOd. These are valuable privileges. More
than 12,000,0001. sterling is paid into the national
exchequer for taxes, from which Ireland is wholly
exempted, while 5,000,000/. more is realised from
sources to which she is only liable to a limited extent.
Now, the simple question is, whether would the dis-
sentients desire to have England and Ireland placed
on an equal footir_g in every respect. Would they con-
sent to have the taxation of both countries equalised,
to receive the income-tax, the assessed taxes, the
duties on bricks, soap, &C., as permanent imposts; or
to consent for a limited time to a rate in aid, less
than the income-tax alone, and which is more fairly
distributed between the owners and occupiers of the
land ? There cannot be much doubt as to the answer
which any prudent and sensible man would return.
He would thankfully pay the minor charge for the
limited period, and escape the more onerous burdens
with which injudicious friends and advocates would
seek to fix him. There is no disguising the fact, the
only alternative is that which we have stated. The
rate in aid must be carried, or there must be a general
revision of the taxation of both countries, with a view
to their perfect assimilation.
The destitute poor cannot be supported in certain
unions .without extraneous aid. We cannot suffer
them to perish miserably, the necessary assistance
must be afforded. Whence, then, is that assistance to
be obtained—from the most prosperous parts of
Ireland, or from the English people ? It is a ques-
tion of relative equity. The men of Ulster and the
men of Lancashire are the parties to the suit. The
point at issue is not whether the former " are to be
taxed to support the beggars made by the improvident
squirearchy of the south and west," as one of their
orators asserted, but whether additional charges are
to be placed on the hard-working operatives of the
manufacturing districts, while their more favoured

Irish brethren are still to be exempted. That is the
true point of view in which the matter must be re-
garded, and we trust that the men of Ulster will bring
their strong common sense to bear on the subject, and
arrive at a sound practical conclusion.

D uring the past week much vituperation has been
lavished on the devoted head of Mr. GEORGE HUDSON.
The results of pending investigations have been
anticipated; his guilt has been assumed, while the
charges are actually sub judice. The good old prin-
ciples of fair play have been forgotten, the golden
maxim, "Audi alterem partem," has been lost sight
of. His conduct is denounced in the most unmeasured
terms, and torrents of indignant eloquence are
poured forth before the real facts of the case are
known. We do not appear as the advocates
and supporters of Mr. HUDSON ; we do not
profess to justify his proceedings. He may be guilty,
or he may be innocent, but he is entitled to the
common privilege of every Englishman. He should
not be condemned unheard, or denied the opportunity
of offering his defence to the accusations that have
been preferred against him.
The only tangible charge that has been brought
forward affecting his character is that respecting the
sale of certain 1:51. shares in the Great
North of England Company. It was asserted
that a price was paid far beyond the
real value of the shares, and that Mr. Hula-
sort abused the powers entrusted to him as
chairman of the board of directors, by selling at
the increased price 2,800 of those shares, and thus
putting into his own pocket nearly 14,0001. of the
company's money. This is indeed a grave and
serious accusation against Mr. Huusors. It wou!d
he impossible to condemn too strongly his conduct, if
the imputation were well founded, and that it could
be proved that he had the guilty intention of defraud-
ing those whose interests it was his duty to
guard and protect to the utmost of his power. But
no sufficient proof has been as yet adduced to sustain
the charge. Mr. HunsoN at once admitted that he
sold the 2,800 shares to the company, and it was
stated by Mr. PRANCE, who brought forward the
motion for inquiry, that all the 151. shares had been
purchased at an average of 211. premium, whereas
the average of the quotations from October, 1846, to
December, 1848 amounted to 161. 15s. only; or, in
other words, that 41. ss. was paid for each share
more than the amount for which it could have been
purchased on the Stock- Exchange. Now all this may
be perfectly true, and yet there might have been
no fraud or overcharge. The average of prices
during a period of two years and three months might
show a result very different indeed from what those
prices might have been at the tine of a particular
transaction or at the times of many different transac-
tions. Persons who invested their capital in railway
securities in 1846, or even in 1847, would find that
they had paid very far beyond the average, if the
panic rates of October last were taken into ac-
count ; and yet they could not charge the parties
from whom they had purchased with having imposed
upon them, or of having obtaired unfair prices for
their property. So, in like manner, Mr. HUDSON
may be perfectly innocent, although he had been paid
for the shares sold by him much more than the
average price.

In order to establish his guilt the dates of every
transaction should be ascertained; the actual bona-
fide price for the day should also be known.
The mere quotation will not be sufficient. It
is Bow well known that quotations were
made much below the real rates, in order that
parties who were frightened by the misrepresentations
and falsehoods that were so freely circulated, and who
in consequence came in to the market as sellers,
should get the smallest possible amount ; but it was
very different when purchasers appeared—then the
stock was not forthcoming—it could not be obtained
at the moment, and transactions could not be effected
without a considerable increase of price. Now the
question will really be—what could the company have
obtained those shares for in the market which they
purchased from Mr. Hunsom. If they paid beyond
the actual ♦alue, then who are the sielinquents ? Mr.
HUDSON cannot be the only one. Others must be

cognizant of the transactions, and participating in his
guilt, if any there was. A committee has been ap-
pointed to inquire into the subject with the full con-
sent of Mr. HUDSON. lie did not resist the proposed
investigation, and that fact affords prima facie
evidence of his innocence. The strictest and most
searching inquiry will take place—his very accusers,
the proposer and seconder of the motion for a com-
mittee, are two out of the five appointed. They will
leave nothing undone to sustain their case ; if it can
be made out they will do so. We therefore claim for
Mr. IlunsoN that he should be esteemed innocent
until he be proved guilty, and that ♦ague charges,
which at most amount to matters of suspicion, should
not be assumed as gospel truths until their accuracy
be fully established.

We have always been among the most strenuous
advocates of the principle of life assurance, and we
therefore hail with satisfaction the formation of a
new company (the first meeting of the shareholders
of which will be held to-morrow) which will,
by the facilities it affords with regard to
the payment of premiums, enable those to make
a provision for their families who have been hitherto
prevented, by the res angustas domi, from availing
themselves of the benefits of life assurance.
To all such persons the Engineers,] Masonic,
and Universal Mutual Life Assurance Society

(the advertisement of which appears in another
column) offers unusual advantages. The policies
are issued free of stamp duty. A policy once granted
will never be disputed, so that the assured can
(eel really assured that his children will
reap the fruits of his providence. The permis-
sion to pay the premiums monthly will
enable many to insure who could never hope to accu-
mulate sufficient in one gross sum to pay an
annual premium, and the power to take credit
for one half the premiums during life will be
an incalculable benefit to those who may
be temporarily embarrassed, and will enable
many to save a policy, which, according to the old
plan, must inevitably have been forfeited. The power
of introducing a second person in the room of the one
originally assured, is also a great boon to the assured,
as is the non-voidance of a policy by duelling or sui-
cide, or death by the hands of justice, in cases where
it has been assigned as a bona fide security. All
these are great boons to the assurers, and the office
will no doubt reap the just reward of its liberality.

• ence. So conscious did the Government feel of the
weakness of their position, that they did not vesture
to take a division or a vote of approval, proposol by
one of their over-zealous partizans, but were content
that the Assembly should pass to the order of the day.
The club of the Rue de Poitiers have, it ,s said,
determined to appoint an electoral committee, not-
withstanding the secession of M. DE Liaocumc-
CLUELIN and the elite of the Legitimatists. the fol-
lowing will, it is said, be among the members :—Duc
de Broglie, Duc de Nouailles, General Pyat, General
Ornano, Count Janvier, Count d'Haussenrille (son-
in-law
of the Due de Broglie), Victor Hugo, M. de
La Ferle, Me de Sala, M. de Reuneville, and the
Prince de Wagram.
Very little business was done yesterday at the Pas-
sage de l'Opera. The French Five per Cents. were
quoted at 831. 40c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, MARCH 3.
Boulogne and Amiens, 9%—Central of France (Orleans
and Vierzon), 1114—Namur and Liege, F—Northern of
France, 11,— Orleans and Bordeaux, 334 Paris and
Rouen, Wl4—Paris and Strasbourg, 4% ex m.—Tours and
Nantes, 2%—Dutch Rhenish, 1%.

MARKET NEWS.-(THIS DAY.)

CORN EXCHANGE--MONDAY.

The quantity of English Barley and Malt received in the
port of London last week was tolerably extensive, but that
of all other articles of home produce was again small, and of
very middling quality, especially the new Wheats. By
land carriage the receipts were limited. We received a full
average time-of-year supply of Oats from Scotland. That
from Ireland was trifling. A considerable increase took
place in the imports of foreign Wheat, which exceeded 24,000
quarters. Those of Flour were 5,419 sacks, and 1,605 barrels;
the former from France, the latter from the United States.
The other foreign arrivals were comparatively small, viz.,
1,606 quarters of Barley, 2,472 ditto of Oats, 82 ditto of Beans,
34 ditto of Peas, 851 ditto of 'fares, 29 ditto of Rapeseed, 5 ditto
of Linseed, 640 do. of Indian Corn, and 85 do. of sundry Seeds.
The quantity of English Wheat fresh up to our market, this
morning, was again small ; and the majority of the samples
from Essex and Kent were beneath the middle quality. The
land-carriage receipts were chiefly confined to a few parcels
from the former county. The attendance of both town and
country buyers being small, and the quantity of foreign
Wheat on show extensive, and of much better quality than
the English qualities, the demand for the latter was in a
-very depressed state. Fine dry samples were mostly dis-
posed of, at prices about equal to those paid on this day
se'nnight. All other kinds commanded scarcely any atten-
tion, and the quotations were a shade—say is per quarter—
in favour of the millers. The quantity of foreign Wheat on
offer was on the increase. The best descriptions of both
Red and White moved off slowly, at last week's curren-
cies. The out-of-condition sorts were a trifle lower.
We were tolerably well, but by no means heavily, supplied
with English Barley. Very few samples of foreign were on
offer. Fine Malting kinds moved off at prices fully equal to
those quoted in our last report, viz., from 30s to 32s per
quarter. In grinding and distilling sorts next to nothing was
doing, at barely stationary figures. The quantity of Malt
on show was small, but quite adequate to meet the wants of
the brewers. All descriptions were a very slow sale, at
barely, but at nothing quotable beneath, the currencies of
this day se'nnight. With Oats we were rather scantily sup-
plied, although the show of English and Scotch samples
was larger than for some time past. Most kinds were a dull
sale. In prices, however, we have no further decline to
notice. Most of the buyers are still very short of stock.
So little was doing in Beans that prices were almost nomi-
nal. Most kinds were offered at reduced quotations. The
transactions in Peas were trifling in the extreme, and prices
gave way from is to 2s per quarter, notwithstanding the
supply was small. Indian Corn and Meal were in short
supply ; sluggish inquiry, at late rates. French Flour was
offering in abundant quantities at from to 30s to 35s per
sack. No change took place in the nominal top price of
English. Country marks were a shade lower.

CURRENCY PER IMPERIAL MEASURE.
heat—Essex & Kent, Malt—Chevalier...... 593 to 603
Red. ........ 40s to 48s lOats— Yorkshire and

Ditto, White, New 44s 55s Lincolnsh., Fed. its 19s
Norfolk and Lin- Potato ...... 18s 221
coin, Red..... 41s 47e Youghal and Cork,
Ditto, White.. .. .. 43s 52s Black . I4s
Irish, Red•... —5 —5 Cork, White..... its
Ditto, White...." —3 —s Scotch, Feed. •• •• 20s
Rye—Old ............ —s s Beans—Tick ......... 27s
New... 258 28a Pigeons 348
Barley—Grinding 23s 26* Peas—Grey .......... 345
Malting . ........ 285 305 Maple . .......... 35e
Chevalier .... 308 32s White....... . 288
‘lalt—Suffolk and Nor- Boilers ......... 325
575 58s Flour—Town-made ..• 39s
ISrown ........... 50s 54s Suffolk ••• • • . 325
Kingstonand Ware 5Ss 595 Stocktn & Norfolk 32s
smarrarxELD.

368
378
37s
30*
33s

The total arrival of foreign stock into London, last week,
was 2,616 head, being an increase compared with that of
the preceding week of 650 head. It shows an excess on a
comparison with the official returns at the same period in
1848, of 1,493, and of not less than 1,969 head compared
with the imports in 1847, at the same time. For the time
of year, the supply has, therefore, been large, especially
when the low prices ruling in this market are taken into con-
sideration. The following statement shows the quarters
from whence the supplies have been derived :
IMPORTS INTO LONDON.
From Beasts. Sheep. Calves.
Ostend 257 ...
Rotterdam

Spain
Hamburgh ...
_2O ...

Harlingeil..... 252 ...

Lambs.

599 ..

••• •"".

Total 644 ... 1,869 103
Corresponding
week in 1848 443

546 ... 134 ...

Difference 201 more. 1,323 more.

31 less.

From the above it will be seen that four Calves have come
to hand from Spain. This is the first arrival of that descrip-
tion of stock from that country since the passing of the pre-
sent tariff. They have reached us in good condition, and
found buyers at fair prices. The Spanish Oxen have, how-
ever, turned out very inferior, and to be worth not more than
from 8/ to 91 each When the expenses of freight, &c.—
about 6001 for the whole cargo—are taken into account, it is
evident that the importers will be severe losers by the specu-
lation. From the official returns we learn that the following
were the total importations of foreign stock into the United
Kingdom during the years 1846, 1847, and 1848

i 846. 1847. 1848.
Oxen 17,191 ... 27,831 24,591
Cowes 25,349 ... 35,480 ... 22,501
Calves .... 2,503 12,406 15,642
Sheep . 91,732 ... 139,371 ... 128,093
Lambs .. 2,892 ... 3,349 ... 2,177
Pigs
Nothing can more fully demonstrate the state of the trade
here during the past year than the above returns, which
appear to have falsified the statements, having reference to
future arrivals from abroad, which made their appearance in
the early part of the season. Two circumstances have com-
bined to prevent large arrivals, first, the stringent measures
adopted to prevent the importation of diseased animals from
abroad, and, secondly, the lowness of price—especially dur-
ing the last four mouths of 1848,Iduring which th• uralvals
fell off materially—from the increased supplies of home fed
Beasts and Sheep. At the northern outporta the arrivals
have been on a very moderate scale during the week just
ended, and the want of condition has induced a
few graziers to become purchasers at low prices.
The numbers of foreignj stock in to -day's market were by no
means extensive, yet they were quite adequate to the wants
of the butchers. The beasts from Holland were in better
condition, but those from Spain, which comprised 29 head,
being a portion of the cargo noticed above, were very defi-
cient in quality. There was a further slight falling off in
the arrivals of beasts fresh up this morning from our princi-
pal grazing districts. As the dead markets have been toler-
ably well cleared of the country supplies, and as the attend-
ance of buyers was tolerably good, the Beef trade ruled steady
at fully Friday's advance in the quotations of 2d per albs.
The general top figure for Beef was 3s Bd, yet a few very su-
perior Scots sold at 2s 10d per 81bs. Prior to the close of the
market, a fair clearance was effected by the salesmen.
From Norfolk, Suffolk, Essex, and Cambridgeshire, we re-
ceived 1,450 Scots and shorthorns; from the northern dis-
tricts, 200 shorthorns; from the western and midland coun-
ties, 800 Herefords, runts, Devons, &c. ; from other parts of
England, 200 of various breeds ; and from Scotland, 210
horned and polled Scots. We had a very moderate supply
of Sheep on offer. This circumstance somewhat favoured
the Mutton trade, which ruled firm, and prices were quite 2d
per 81bs higher than on this day se'nnight. The primest
old Downs, in the wool, cold steadily at 4e 8d - out of the
wool, 4s per 81bs. There were about FOO shorn Sheep on
offer. Calves, though in good supply, moved off steadily, at
extreme quotations, viz., from 4s to 5s per 81bs being the
same figures as those paid on Friday last. In Pigs only a
limited business was transacted. Prices, however, were
firmly supported in every instance.

Ter Bibs. to sink the offal.
s. d. to 1. d. O. d. to I. d.
Inferior Beasts.• 2 8 2IS Second qual. Sheep 3 6 4 0
isoond quality •• 3 0 3 2 Coarse-woolled ditto 4 2 4 4
Prime large °zest 3 L 3 4 Southdown Nether 4 6 4$
Prime Scots • .
Large coarse Calves 4 0 4 8 Large Hogs • . .• 3 4 3
Prime small ditto
,uckling Calves 2O 0 26 0 Quarter old Pigs ..17 0 22 0
Inferior Sheep • • • 3 2 3 4 Lambs .......... 0 0 0 0
TOTAL SUPPLY AT MARKET.

Beasts. I
Sheep. Calves.
I 3,257 15,620 l7B
FOREIGN SUPPLY.

I Pigs.
170

Beats.
359

I Sheep.
830

I Calves.
117

INgs.

NEWGATE AND MEA.DENHAIM.

A considerable decrease having taken place in the arrivals
of country-killed meat for these markets, since this day
se'nnight, we have to report an improved general demand.
Prices have advanced quite 2d per Blbs, and fair clearances
have been effected. About 400 carcasses of foreign meat
killed in the metropolis have been disposed of. The London
slaughtered supplies of English meat have not been to say
extensive.

At per stone by the Carcase.
3. d. to s. d. 1 s. d. to s. d.
Beef,lnferior • • • • .. 2 4 2 6 Mutton, inferior • • 2 6 2$
middling .... 2 8 2 le -- middling•. 2 10 3 4
prime largo 2 10 3 0 .-- prime • • • • 3 6 3 le
prime small .. 3 2 3 4 Pork, large•. • • •. • • 2 10 3 i
Veal• • • • .• • • ...• • • 3 10 4 10 -- small •• • • .• • • 3 8 4 4

MONEY and COMMERCIAL NEWS
CITY, QUARTER 7'o THREE.
The Cotton Market at Liverpool on Saturday closed stea-
dily. Full prices were maintained, and the sales were esti-
mated at 5,500 bales, including 500 on speculation. The
business included 4,000 American at 37/Bd. to 6d., 100
Egyptian at 6d. to 7tm d., 400 Swats at 314 d. to 4%d. and
40 Sea Island at B%d. to 9%d. per lb.— Railway ghares
were dull, with but little business doing.
The Grain Market has been very inactive to-day. During
the week to the 21st ult. there were imported into the principal
ports of Great Britain 127,801 qrs. of foreign and 77 of colo-
nial grain and flour, and there were entered for consumption
141,413 quarters of foreign and 77 of Colonial, yielding a
gross amount of 7,301/. in duty. If we look to the whole of
, the United Kingdom, we find that in the month ended the
sth ult., and consequently just after the duty was abolished,
the total quantities were as follows:
Imported. Corn and Grain ... ... 744,492 qrs.
Meal and Flour ... ... 696,441 cwt.
Charged with duty for home consumption :
Corn and Grain ... ... 1,259,525 qrs.
Meal and Flour ... . . 762,705 cwt.
Remaining in warehouse in the United Kingdom, Feb. 5.
Corn and grain ... 503,177 qrs.
Meal and flour ... 508,332 cwt.
It would appear therefore that at the beginning of
February there was a stock which allowing for subsequent
arrivals must have become ere this reduced to a very small
quantity.
The accounts received from the United States, although
seven days later, furnish nothing of particular interest, and
the steamer which is expected to-day er to-morrow will
bring letters, &c., with private opinions concerning Califor-
nian prospects, &.
There has been further agitation in the English Stock
Market, and the quotations have been per cent lower,
though a rally has occurred since. In the face of the Indian
news, and the uncertainty respecting the issue of the Italian
affair, the speculators for a fall have been more en-
couraged to operate, and some of the Bulls have
changed their accounts. The fact that specie has
been recently forwarded to some amount to
the Continent, and that money does not become cheaper as
was supposed it would ere this, has an effect in deterring
very large operations for a rise, but the French Funds are
acted upon in precisely the inverse order, since they experi-
ence part of the benefit of the money sent hence. Consols
have ranged from 91 to 911,4 for Transfer, and have been
91% to 91% for Account. The New Three-and-a-Quarter
per Cents, have realised 92% to 92%, and the Three
per Cents. 91% to 91%. Bank Stock has declined
to 194% and 193, but the most sensible reaction is in India
Stock, which a few days since was 243 to 246, and is now
only 236% to 240. No doubt the Indian Government will
be put to great expense by the increased military establish-
ment that will now be requisite in its territories. Exche-
quer-bills have realised 395. to 43e., and India Bonds 535. to
to 575. premium.
Business in Foreign Stocks has been more limited. Spanish
Five per Cents. have realised 17% to %. and the Three per
Cents. 29%. Portuguese Four per Cents. have been worth
25 to 26. Brazil Bonds have been quoted 82 to 84. Mexi•
can Stock has been steady at 26%, and Peruvian has been
firm at 50 to %. Venezuela are about 26 to 28, and Equa-
dor 3. Dutch Two. and-a-Half per Cents. have been 48%
to 49%.
The Railway Share Market has been rather heavy in
sympathy with the funds, and there is a decline in all Hud-
son's lines, as well as in tome of the others, including North
Western.

ONE ...11..vri1N(.4
•.n ,ir .urritui etibiDa. O'CLOCK PRIC ES
dank Stock
per Cent. Reduced Arms ...... 911,4,i/gyg 91%
3 per Cent. Consols Annuities 913 1,4 91 91% 91%
Sew 314 per Cent. Ann 5...... . 921,42 %%, 92%
I,ong Anna. to expire J an. 1860
Ditto, 39 years, Oct. 10. 1859
India Stock 240 236% 2361,5
ndia Bonds, 1,0004
Ditto under 1,0001. .. ......
South Sea Stock
Consols for Account 91%14%1,( 913/
,:xchequer Bills. 2%d. tk 2d.
1,000/. June 39 43 p
500!. June
Small. June
Ditto Advertised, June Bl p
PRICES OF FOREIGN FUNDS OICE
O'CLOCK.

13 p
42 p
44 p
81 p
CLOsix‘,
PRICES.
82%

Brazilian Bonds
Ditto, New, 1829 and 1839
Ditto, Small Bl
Danish Bonds, 1825, 3 per Cent —
Ditto, 5 per cent. Scrip, 1849 --
Equador Bonds
Mexican, 5 per Cent. 1846 — 26%
Ditto, Account
Peruvian Bonds, 6 per Cents 50% 50 50% 50%
Ditto, 4 per Cent. — 26
Spanish 5 per Cent. 1840.
Ditto, Account : 1714 17%
Ditto, Passive
Ditto 3 per Cent —
Ditto. Account .. . 291 29
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild.... 48% 491% 49%
Ditto, Account
Ditto. 4 Der Cent. Certificates 79% 78% 78%
PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRICES
4berdeen 5O ..... . 18% lB%
_

._ ._
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20 ...... 2534 ...... 25%
Caledonian
Do. New 101. Pref lO ..... 11%.. ..... ...... 11%
Chester and Holyhead 5O
Ditto, Preference l5 ...... 13%34 1334
East Anglia, 251., L. &
E. and L. and D... --- 95 ..,. .-- -••••
De, 3i. 103.
Eastern Couatio....
Do. New Guaranteed
6 per Cent... lO ...... 11% p ll% p
Ditto,Extension,s per
Cent., No. 1 .61.135. 4d.... —
Ditto ditto, No. 2...61. 13s. 4d... % p
Do. Quarters .... ..... 12% —. ........ ..... .
east Lincolnshire ...... 25
Edinburgh and Glasgow 50
Ditto, Half Shares ... 20 .: .. 17
Great Northern
Do., %B 6 per Cent... 6% 6% 6%
Great North of England.loo ......230 232 x.d 232 x.d,

Ditto, New, 401 4O
Ditto, ditto
Great Western 100
Ditto, 14 Shares
Ditto, Fifths .....
Ditto, New 171........ 15 ... .. 13 x.d l3 x.d.
Elull and Selby .. ...... 50 ...... 182
Lancashire & Yorkshire 93
Ditto, ditto
Do. Fifths...
Do. New, Gus. 6 ner ct. 74 914• 9 `l4
Do. (W. Riding union) 8 .. .. 4
Do. (Preston & Wyre) 25
..eeds and Bradford 5O 1934 x.d...... 103% x.d.
Leeds and Thirsk ...... 50
London & Blackwall...l3/. 68.8 d.... 5% x.d 5% x.d.
.ondon, Brighton, and
South Coast
London and N. Western 100...137 136% 1374...-1374 x.d
Do. 101. (M. & B.) C.
_1
__...

-on& &S. western - 50 ...... 38 38% ......,..38% x.d.
Do.. New Scrip, 1848,
Pref. 7 per Cent. on
Deposit, and 5 per
Cent. on Calls
ganchgster, Sheffield,
and Lincolnshire...100
Ditto, New 101. Pref... 10
Midland lO3 ...... 83% 82 x.d.... 82 x.d.
Do., do., 50/. Shares 25 ... .. 173/4 %...... l7l
Do. Birm., and Derbyloo

N.rfolk ......
North British ........... 25
Ditto, llalves ..
614 31.z.%
-1i.,.

Ditto, Quarters
Ditto, Thirds
North Staffordshire l7l/1 141:A%
Oxford, Worcester, and
Wolverhampton ...... 50
Scottish Central
South Eastern
Do. Scrip No 4
south Wales ..... ....,..... 33 ...... 181,ls. lB LAI

South Yorkshire, Don-
caster, and Goole 6
Waterford and Kilkenny 2S
f ork, Newcastle, and
Berwick. ....... ..... ... 25 ..... 2434 25 ex.div. 25 x.d
Do. Original New and
Berwick .. ...... ... .. 25 ..... 243414( ex.div. 2414 x.d
Do. Newcastle Eaten. 20
Do. G.N.E.Preference $
York and North Midland 50
Ditto, Preference
Do. East mid NV estßid-
ing Extension
FOREIGN RAILWAYS.
Boulogne and Amiens 2O ....,. 91A% ...
Central of France (Or-
leans and Vierzon) ... 18
Dutch Rhenish ......... 7%..... .. ......
Luxembourg
Ditto ... 10
Namur and Liege ...«. 20 ... .. 8 7%
Northern of France...... 13
Orleans and Bordeaux... 7 ...... 35,8
Paris and Lyons ll ...« 5% -
Do. Do. .
Rouen and Havre
Tours and Nantes .. 9 ...... ...... .....
MINES.
Brazilian Imperial
Do. St.Johnpel Rey 15
JOINT STOCK BANKS.
Union of Australia ..... 25