The Sun.
London, England, 1847-08-16 00:00:00

trrning

LONDON, MONDAY, AUGUST 16, 1847.

MARIA. DA GLORIA and her minions are already
evincing a disinclination to comply with the condi-
tions of the protocol, and a determination to relieve
themselves, if possible, from the onerous necessity of
their fulfilment. When the insurgent forces were
reduced to submission by the interference of the three
foreign Powers, we fully anticipated that the Court
faction would, with its accustomed duplicity, assume
that appearance of patriotism of which it is in fact the
direct antithesis. Nevertheless, we conceived it pro-
bable that the hypocrisy of the SOVEREIGN and her
immediate supporters would be continued until such
a reasonable amount of time had elapsed that an
opportunity presented itself for the safe disclosure of
their turpitude. The rashness of the Royalists has,
however, proved this supposition to have been utterly
erroneous. Scarcely is the ink dried upon
the parchment when the solemn engagements of
the Queen of PORTUGAL are one after another evaded.
Nor are her adherents satisfied with cajoling the ple-
nipotentiaries of England, Spain, and France, but
they are already arranging measures for the resto-
ration to supreme authority of those infamous men
against whose administration the whole nation lately
rose up in arms. Yes ! they appear to be incited
by the same spirit of allegiance which animates the
Estandarte ; they seem to mock the adulation of that
venal organ, and to testify in intrigue, if not in lan-
guage, the conviction that " the unheard-of pros-
perity which Portugal enjoyed under the Cabral
Administration forms the most brilliant pearl in the
glorious crown of the Conde DE TISOMAR !" They
strew the pathway of that traitorous statesman with the
flowers of their anticipation and sycophancy. They
laugh to scorn those aspirations for freedom which
recently imparted strength and dignity to the in-
surgent Portuguese; and now, after crowning the
graceless soldiers of SALDANHA with laurel, they are
preparing the way for the employment of those sol-
diers in a suitable piece of villany, by inducing them
to connive at the re-admission of COSTA CABRAL to
the capital, and his ultimate re-elevation to the com-
mand of the government.
In accordance with the third condition of the cele-
brated protocol of the 21st of May, a communication
has been addressed to the Ministerial advisers of
MARIA DA GLORIA, demanding, in emphatic but
respectful terms, the fulfilment of that most important
of all the stipulations, by the dispersion of the present
Cabinet and the formation of a new one of a popular
and patriotic character. Instead of complying with this
requisition, the schemers of the palace at Lisbon have
transmitted an evasive remonstrance to the Cabinets
of St. James's, and the Tuileries, and, beyond that
have commenced a series of secret negotiations,
which, if not worsted betimes, must end in the
restoration of the Count DE THOMAR to the direction
of affairs, and the consequent endangerment of the
tranquillity of the kingdom. Meetings are already
frequent among those who were originally impli-
cated with the CABRALS, and the impunity of their
treacherous machinations has only rendered them more
audacious in their proceedings, and more implacable,
in their animosities. As a fitting corollary to these
announcements it must likewise be mentioned that
COSTA CABRAL has been succeeded in the Madrid
Legation by the late Envoy Extraordinary at Berlin
(Senhor &unlock), and that the former is expected
to make his appearance very speedily within the walls
of Lisbon. What, meanwhile, has befallen the po-
pular chieftain, Des ANTAS, and his unyielding
Lieutenant, SA BA BANDE/RA ?
Are they prepared
to witness the subjugation of their country by a
faction which is the abhorrence of its inhabitants ?
Bomrim, at Angola,
may be vigilant, but must nee"
sorily be incapable of aiding in the expulsion of
traitors, and in the punishment of treasons com-
mitted against the Constitution. DAs ANTAS and
SA DA BANDEIEA are so far untrammelled by cir-
cumstances or position as to be capable of detecting
treachery and of forming plans for its expiation.
GOD forbid that the provinces of Portugal should
be again desolated by the ravages of civil war ! GOD
forbid that its soil should be again fattened by the
blood of its citizens ! None can be more solicitous
thou ourselves to behold the tranquil regeneration of
that country, and to know that dissension is perma-
nently banished from among its children. Yet from
our very solicitude in that particular we are prepared
to rejoice in ts,e victor
of the insurgent population
in the event of say
coup de main in behalf of the
execrable Cabralists. Ni4kaia. DA GLORIA has already
deceived her people too anotherofteryottFaithful act of insin-
cerity on the part of her i‘
and her sceptre will infallibly ctnr,, bie 3l r
her grasp. She will fled herself igt Ampiinejcisoeusssliilyi'
alriyen from her palace, and awake an outcast beyond
the frontiers of her dominions, without a title to aid
or commiseration.

justice than the one written by M. DE VARENNE, re-
quiring the formation of a new Ministry, according
to the terms of the memorable protocol. Yet, in
spite of the justice of this communication, in spite of
the delicacy with which it had been worded, in spite
of the 'critical position to which Royalist audacity
had so recently reduced the SOVEREIGN, it remains
unanswered, except in the preposterous appeals for-
warded to the Governments of Frame and England.
We suspect that the generous interposition of the
Allied Powers has only rendered the CABRALS and
their associates more callous and resolute. Should
such, unfortunately, prove the case, they may rest
satisfied that they will be engulphed in the wrath of
an outraged nation.

The Report of the Select Committee on our Com-
mercial Relations with China, which has just been
published, is indeed a remarkable document. It is
needless to expatiate on the vast importance of the
question which formed the subject-matter of these
labours. England is essentially a commercial country,
and her general prosperity is intimately connected
with, if not dependent on, the state of her mercantile
relations with other lands. The vast improvements
that have recently taken place in machinery of every
description, the increased facilities of production
have been such, that the only assignable limit to our
manufactures is the demand therefor. We could,
without any great difficulty, readily under•
take the supply of the whole world with
woollens, cottons, and other chief products of
our national industry and skill. When these
are freely called for, and full employment is thereby
afforded to our manufacturing population, the favour-
able results areimmediately apparent—peace and con-
tentment is to be found on every side. The happi-
ness of the artizan is participated in by the agricultu-
rist, and shared by every class in the community.
There can be no greater absurdity than that of the
monopolists, who fancied they could benefit one parti-
cular body at the general expense. Every attempt
to do so was invariably abortive and inef-
fectual to attain the end proposed, but it
had the most injurious effects on the general welfare.
Sounder views have, however, been disseminated of
late years. The merest tyro is now possessed of
political knowledge greater than that formerly en-
joyed by statesmen of the highest rank and the
greatest experience, and is enabled to adduce unan-
swerable arguments in support of his doctrines.
The events which, as it was supposed, had opened
to our merchants new markets, which apparently
gave us commercial access to a civilised empire, with
more than three hundred millions of inhabitants, were
naturally regarded with the deepest interest and the
most pleasing anticipations, but unfortunately the
results did not correspond with the reasonable
expectations of the people. It was found that,
in place of a vast increase, there had been
a considerable falling off, and that not only were the
hoped-for profits unrealised, but that ruinous losses
attended every mercantile speculation : what could be
the causes that led to this extraordinary and unlooked-
for failure was demanded on every side ; and,
although it has long been ascribed by clear-sighted
and intelligent men to the illiberality and exorbitant
character of the duties levied on the introduction of
the chief product of China into our land, it was de-
sirable that the subject should be fully investigated
by a body having access to every means of informa-
tion, and competent to draw sound conclusions on the
data thus afforded. Hence the appointment of a
Special Committee by the House, with full authority
to send for persons, papers, and records, and hence
the report of that Committee now under notice.
The Committee first state the fact already too pain-
fully known to every person in any manner connected
with the trade with China, viz., " that the trade with
that country has been for some time in a very unsa-
tisfactory position, and that the result of our extended
intercourse has by no means realised the just expecta-
tions which had been naturally founded on a freer
access to so magnificent a market." This conclusion
is deduced as well from the tables of exports, which
mark a serious reduction in every branch of our ma-
nufactures, as from the statements of experienced
merchants and manufacturers. By the tables a de-
cline of the exports of cotton goods, between 1845 and
1846, of nearly one-third, is apparent, or from
1,735,1411. to 1,246,5181; while those of woollens have
fallen in the same period from 339,223/. to 439,6681.
But bad as this is, it is by no means the worst feature
in the case, for there has been an average loss, taken
both ways—viz., on the manufactures sent out and the
teas brought home in payment—of from 3.5 to 40 per
cent. Under these untoward circumstances it is not
surprising that there should be a serious risk of the
whole trade being lost to the country. Few will in-
vest their capital, and undertake the trouble and re-
sponsibility of conducting heavy mercantile transac-
tions, unless there is a reasonable prospect of a fair
and remunerative profit. When this is taken away,
when the same causes that hitherto occasioned these
losses are suffered to prevail, the natural conse-
quence must be that there will be a general with-
drawal from the trade ; and so it would have been,
but that hope is ever strong in the human mind,
and our merchants trust that a more propitious
and sounder policy will speedily enable them
to retrieve their losses and to obtain the fruits
of their legitimate enterprise. This has induced
many still to remain ; but, even as it is, " several
manufacturers have abandoned the trade altogether,
and much of the tea lately sent home has been on
Chinese account, the English merchant declining
to run the risk of the venture."

These difficulties do not arise from the want of de.
mand in China for our manufactures, nor from the in-
creasing competition of other nations—the sole diffi-
culty is in providing a means of payment for the
goods which are in ready demand. The Committee
explain the causes that have led to this falling off, and
suggest the means by which it may be remedied, and
in so doing they cite facts that afford the most satis-
factory evidence (if any additional were required) of
the truth of the great principle, " that an increase of
taxation does not produce corresponding improve-
ment in the revenue ;" but, on the contrary, a
diminished duty will frequently be more productive
to the Exchequer than a very high charge.
We are unable this day to conclude our observa-
tions on this most important report, to which we
shall speedily return.

readiness to turn out should tranquillity be disturbed,
but down to midnight, when the mail left, no fur-
ther incident had occurred.

The L‘v.int mail brings intelligence from Constan-
_ _ .

tinople to the 27th, from Smyrna to the 29th ;
from Athens to the 30th ult., and from Malta to the
4th inst.

BEDERRHAN BEY, the rebel chief of Kurdistan,
has surrendered to OSMAN PACHA, and is on his road
to Constantinople as prisoner. Disturbances have
broken out in the district of Malacassa, Upper Al-
bania, and two battalions of Imperial troops have been
dispatched thither to restore tranquillity.
The differences between Turkey and Greece still
continue.

It would almost appear as if the Austrians were
courting a collision with the subjects of the POPE.
Letters from Ferrara, of the 6th instant, state
that on the Ist instant an Austrian officer, on his way
back to the citadel, having been insulted by some
drunken workmen coming out of a tavern, fled in all
haste to the barrack of San Domenico, and demanded
four men to escort him home. On reac!ning the
citadel he waited on the Governor, and told him that
he had been arrested by a patrol of Natimial Guards,
by whom he had been forced to dance and sing. The
General immediately forwarded a report of the affair
to the General-in-Chief of the Austrian army at
Verona, and informed the Legate, Cardinal CIACCUI,
that he would in future establish patrols along the
esplanade. The Legate remonstrated in, vain against
the measure, and to avoid a collision ordered the
Civic Guards not to approach the 'esplanade after
a certain hour of the night. On the morning of
the 6th the General, having received his in-
structions from Verona, notified to the Car •
dinal that, for the security of his officers,
who lodged in the town, he would send in night
patrols ; and that if they were insulted they would
fiwroeu would
rights. ptrThoetoespetthiosapgtlehaien General
The Cardinal replied that he
d
that
violation ot f a
the
n 1
theP
might
Cardinal
lubt accordingly
answered,that he
act as he pleased, he would execute his
orders. The Card
drew h
up an ener-
getic protest, which
ressisgended inh presence of the
notary Moyrr, and add
document to the POPE, to theut evut.ic copies of the
e RAID
of Lom-
bardy, at Milan, and to General
AIM TSKI, at
' Verona. In the meantime he apprised the inhabit-
ants of what had passed, and recommended them
observe the greatest prudence. At a quarter to ten
o
o'clock, p.m., the Austrian patrols issue d from the
citadel and entered the town. One of them, on enter-
ing the small square of Gorgadello, perceiving some
persons advancing in their direction, fired three shots
upon them, which fortunately did not take effect.
A little further another shot was fired which caused
no injury. The Cardinal, under those circumstances,
gave orders to the troops of the gfaris;on and the
eiVig Guards to take arms and hold .themselves in

The news of the appointment of FIALIL PACHA to
the post of High Admiral is confirmed. The Eng-
lish Embassy has been broken into by thieves, who
have stolen some money and papers from Count
PHAN!, the interpreter.

The cutter-yacht Sapphire, C. B. BLAYDES, Esq.,
owner, touching the safety of which some fears were
entertained, there having been no tidings of her ar-
rival at Algiers for some length of time after her
sailing from Tunis, arrived at Malta, from this latter
port, having her owner on board, on the 3d, on which
day the French steam-frigate Pluton, Viscount Ds
KEROUICARTZ, arrived from Naples, announcing that
the Prince Da JOINVILLE, with a part of his squa-
dron of line-of-battle ships, was at Castellamare,
whilst the Jupiter and another liner were at Tunis,
dispatched thither from Palermo, under the usual
summer rumour of the fear of an expedition against
that regency from Constantinople, though it is noto-
rious that the Ottoman fleet is not destined further
westward than the shores of Albania, the blockade of
which is officially announced.

Intelligence from Lisbon of the 9th, and from
Oporto of the 10th instant, has been received by the
Peninsular and Oriental Company's steam-ship Pacha.
The new Ministry has not been appointed, the mission
of Count LA.VRADIO having been merely a ruse on
the part of the QUEEN to gain time. Sir HORACE
SEYMOUR'S remonstrances have been treated with
contempt, and the QUEEN is encouraged in this course
by the French and Spanish Ministers. The Cabra-
listas are holding secret meetings, which are attended
by Padre MARCOS, the QUEEN'S confessor, to devise
plans for inciting the troops to demand the restora-
tion of COSTA CABRAL to power. The appointment
of the KING as Commander-in-Chief, although con-
trary to the charter, has not been rescinded, and the
Cabralistas are everywhere committing the greatest
outrages.

Sorle nights ago a party of officers went into a
beer-shop, kept by a Frenchman of the name of
MAILLARD, and committed the outrage stated in the
following letter, addressed by him to his Minister,
M. DE VARENNES
:
(Translation.)
" Lisbon, Aug. 7, 1847.
" Monsieur le Ministre,—l have the honour to inform
you that, yesterday evening, at six o'clock, three mili-
tary officers, one of them belonging to the Chasseurs,
and the other two to one of the infantry regiments of
the garrison of Lisbon, entered my wine and beer store,
at No. 72, Rua das Capelistas, where, having called my
clerk, they ordered him never again to have the Revo-
lucao de Setembro (an authorised journal) on the table,
and having torn it and stamped upon it, they declared
they would come again in a few days, and that if they
found that paper there, they would break all the bottles,
and reduce everything to shivers.
" I consequently address myself to you for protection
and redress.—l have the honour, &c.,

(Signed) " J. MAILLARD."
The following letter has been received by an inha-
bitant of Lisbon from Count BoMFIM

"On board the Relampago, at anchor in the port
of Loanda, Angola, April 11. 1847.
"My dear friend,—We arrived here on the 25th ult.
On the 27th, twelve of my companions in misfortune
were sent to Fort St. Michael, and on the 28th I was
removed on board this sloop of war. My two sons re-
quested to be allowed to accompany me. The Governor
gave permission to Lewis to do so, but refused it to Jose
t3ento, to whom another destination had been assigned
at Lisbon ; but he allowed him to visit me on the 4th
and sth, atter which he was sent to Benguela, together
with Major Horta. Some of my comrades have been
cAmtined in Forts Penedo and St. Pedro, and four others
are yet on board the brig Andes, which conveyed us
here. We are all under strict surveillance, and not al
lowed to communicate with any one, but the officers
treat us well. A subscription was raised for us on shore.,
which produced 4,000 milreis. There i. mush sympath3•
tor us here, but we are the first prisoners brought from
Europe who were ever kept in confinement after their
arrival. We are in health, and have not lost courage.--
Yours, &c.,
(Signed) " COUNT DE BOMFI31."

Madrid journals of the Bth and 9th instant hare
been received.

The QUEEN returned to La Granja on the 6th, at
a late hour in the evening.
Some members of the Progressist party, who were
assembled to do honour to General InianTE, proposed.
to give her MAJESTY a serenade, but fearful of dis—
turbing her at so late an hour, they refrained. The.
QUEEN, however, having heard of their intention,
desired that it should be carried into effect, and seat -
ing herself on the balcony, listened to their music for
a very long time.
On the 7th her MAJESTY honoured General 1.2. P.
ARTE with an interview, and received him with greet
kindness and respect.

The efforts of PACHECO and BENAVIDES to effeQt
a reconciliation between the QUEEN and her Consoi t,
have proved ineffectual, in consequence of the impos-
sible conditions demanded by the KING as the price
of his compliance.
According to the Espectador, proofs have been ob-
tained of the existence of a secret anti •national con-
spiracy, the members of which all belong to the
A.francesado party.
A Carlist band, 150 strong, had appeared at Me-
mell, in Catalonia. Carlist bands had likewise made
their appearance in the province of Gallicia. Gen e-
ral CONCHA arrived at Zamora on the 4th.

MADRID BOLSA, AUG. 9.—The Three per Cera ts.
closed at Madrid on the 9th at HI cash ; the Five
per Cents. 17-1-; Coupons at 15 cash, and Passives,
51 paper.

We have received the Paris papers of Friday sold
Saturday.

The KING has arrived at Eu.

The distribution of the prizes to the collegee of
Paris and Versailles took place on Thursday at the
Sorbonne, M. DE SALVANDY, Minister of Public In-
struction, Grand Master of the University in the
chair. Amongst the company present were M.
lvizor, Count DE RAMBUTE AU, Prefect of the Si?lne,
the Bishop of ALGIERS, Viscount VICTOR H utgo,
General SEBASTIANI, a great number of public fume-
tionaries, and Bou MAzA. When the company were
all rested and silence had been established, a bansi of
music played the Parisienne, after which M. I) Es-
CHAMPS, professor of rhetoric at the college of
Charlemagne, delivered an eulogium in Latin on
M. DE FONTANES. The Grand Master then addr(!ss ed
the pupils of the different colleges in a very able and
impressive speech on the benefits of education, and
' which was calculated to excite emulation and zeal.
M. DE SALVANDY in doing this, reminded the plapils
of their duties as citizens, and enumerated the pfivi-
!eges which they enjoy under the protection of liberal
institutions. His language was characterised by
intense feelings, brilliant conceptions, and a spirit of
impartiality which frequently elicited loud appla..use.
The Grand Master remarked happily also on the
presence of the Bishop of ALGIERS, and after the
allusion made to him the pupils all rose and cheered
the prelate three times. After the speech of M. DE
SALVANDY, the distribution of the prizes can-
menced. The prize of honour for rhetoric -was
gained by M. LIBERT, of the College of Henry IV.
This pupil had also three other prizes, in addition to
which the Minister instituted an extraordinary prize
in honour of his success. The son of M. DE SAL-
VANDY did not, as last year, gain a first prize, but
had an accessit. M. GUILLAUME GUIZOT, son of the
Minister for Foreign Affairs, had a first prize, and
two accessits. The son of M. VICTOR HUGO had
several prizes, and was much applauded.
The attention of the Parisian public is now en-
grossed by the trial of M. ESQUIVILLY, for perjury.
He was the second of M. BEAUVALLON, the manager
of the Epcque (M. G UIZOT'S paper), in the duel in
which that gentleman killed M. DUJARRIER, of the
Presse, and on the trial of BEAUVALLON (who was
acquitted), swore that the pistols with which the
duel was fought had never before been used. Proof has
since, it is said, been obtained that BEAU VALLON had
been practising with these pistols immediately before
the duel ; in consequence Al. ESQUIVILLY has been
indicted for perjury. BEAUVALLON, who had ab.

Never was a diplomatic note more enforced by

TILE SUN,_ LONDON, MONDAY EVENI NG, AUGUST 16, 1847.

sconded, in consequence of his having been condemned
to pay twenty thousand francs to the family of
DUJARRIER, appeared (under protection) as a witness
for the defence, but he contradicted himself in such
a manner that the Court committed him to prison,
and ordered a prosecution for perjury to be instituted
against him. It is considered that this prosecution
is important in a political point of view, as, in
the course of the trial, acme revelations may
be made touching the " secret service money," • and
the bribery for licences to theatres, &c., alleged to
have been paid to the Epoque, of which BEAUVALLON
was the manager.

4,4 I t
-FO-f '• 4 eV 1,- 0 n
gi.4o g,4,
• .1 4v

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Cotton Market at Lirerpol on. Saturday was
steady. Sales 5,000 bales, including 4,000 bales Ame-
rican at 6id. to 74d., and 800 Surat at 40. to sd. per lb.
Of this quantity there were taken on speculation 1,200
bales American, and 300 Surat. Prices in the Share
Market had given way again, although there had been
rather more disposition to buy.
In mercantile circles there appears still to be the
same difference of opinion as to the probability of an
early revival of confidence, political and foreign finan-
cial affairs serving to complex the opinions which other-
wise might rule in favour of an improvement. The
Money market will not be easy at least while commer-
cial failures are occurring, but we have not yet to add
to the list of stoppages in Mark-lane, however
difficult it may be to determine whether any event of the
kind may be announced on 'Change this afternoon, as we
understand that a firm at Antwerp has stepped for one
and a half million of francs, involving a loss of 25,0001.
to one house here, and other amounts to various firms,
which may yet lead to more mischief. It is stated also
that a mercantile house at Paris is in difficulties, and in
Holland and Hamburgh stoppages are anticipated.
The Hamburgh mail is not yet in.
Although the weather is rather cooler to-day, corn is
cheaper, the ample supplies of grain and flour checking
business. There is considerable excitement in the
market, and buyers do not care to deal with the sus-
pended houses, while an eminent discount firm, which
has made advances, is having the consignments of corn
entered to its own name. Should the weather prove
genial in the country, it is said that there will be more
corn carted to day than, perhaps, ever betore in the same
period ; of c,air:e this is principally conjecture.
The American letters shown to us intimate that specie
was expected out, but it will partly depend now upon the
rate of discount here.
The Stock Market has had rather a heavy appearame
again, and there have been sales of Reduced Three per
Cent. Stock made, the present value of which is 87i
Consols have been 87 to 4 for present transfer, and 87k
for account. The New Three-and-a-Quarter per Cents.
hare been 89 to j. Bank Stock is heavy at 195. East
India Bonds under 1,0001. are Is. discount. Exchequer-
bills have ranged from Is. discount to 2s. prem. There has
been very little speculative business, and until the 26th
inst., which is settling day, the principal operations will
be between the parties who have to square accounts.
The Foreign Securities have been heavy. Portuguese
Four per Cents. are 27; and Spanish Three per Cents.,
30 to 30*. Mexican Bonds are at 19. Brazil Stock has
realised 83. Dutch Two-and a-Half per Cents. have
been quoted 561 to i.
In Railway Seqes there is very little alteration, but
the market is perhaps steadier than last week, even
though prices exhibit no improvement. Birmingham
and Oxford Junction are 211; Caledonian, 321 I; East-
ern Counties, 18:i to 19; Great Western. 108; Brighton,
491 i; North-Western, 167; South-Western, 60 to 61;
Midland, 117 to 118 ; North Stafford, 9i ; and
Northern of France, 11. _ _

The National has brought to light another scan-
dal. A contractor for one of the hospitals in Algiers
has become a bankrupt. In his books of account
appears the following entry :—" For the Minister of
War in Paris, 15,000 f." The National asks the
meaning of this entry.
The Journal des Debats has the following, on the
all-important question of the supply of food for the
ensuing year :
"In a recent article on food we expressed the hope
that the decline in prices would in a short time make
new and rapid progress. That has generally been the
case. Still, in some markets, what remained of old in-
ferior stocks having been completely exhausted, prices
have remained stationary, or have even risen a little.
This reaction has sufficed to cause great disquietude in
the minds of some people. There is, however, nothing
which ought to surprise, and still less to alarm. Atter
having been so high, it is impossible for prices to re-
sume, in a few weeks, and without oscillation, their
normal rate. It would even be unreasonable to expect
that they should completely arrive at it this year; for,
as we have said, a year of scarcity almost aways
weighs heavily on that which follows it. If, besides,
the harvest be much advanced, if it even be already con-
cluded on the greater part of the territory, it must be
remembered that the new corn has not yet appeared, or
has only barely appeared, in some markets. Absorbed
by the labour of the fields, the farmers have not yet
been able to occupy themselves in threshing their
grain and taking it to market; and it is known that
every year the supply of the markets is most incomplete
at the very time of the harvest. And then account
must be taken of the desperate efforts of speculation,
which, holding in several points foreign grain purchased
at high prices, endeavours by all possible means to
raise prices in order to avoid the enormous losses with
which it sees itself threatened. Was it not lately pre-
tended that in certain parts of France the ears of the
new grain contain we know not what destructive
insect, which would diminish one-third of the produce;
and again, that the potato was attacked by the disease
which last year deprived us of that precious aliment.
In all this, happily, there is not a word of truth. The
truth ,is, that the results of the harvest, not only in
grain, potatoes, peas, beans, and other dry vegetables,
but also in wines and fruits of all sorts, will exceed this
year all that the most brilliant hopes coull have con-
ceived, and that we are proceeding in this respect to an
unhoped-for amelioration. But we must know how to
wait patiently for this amelioration, and we must not
exaggerate the effects or it. Wheat still maintains a
very high price in the Paris market, and we must ex-
pect that it will not decline either so quickly or in
the same proportion as in the departments of great pro-
duction, where great part of the grain will be consumed
in a confined district. Without occupying ourselves here
with the mode of drawing up the market lists of prices,
which evidently leave something to be desired, we will
remark that the capital, absorbing daily enormous quan-
tities of grain, often derives it from very distant pour ts,
and consequently does not receive it, especially in times
of dearness, without having to pay somewhat consider-
able expenses for carriage. Many partial stocks, which
remained laid up in the country, at present supply the
local alimentation. Paris for a long time has lived in
part on foreign supplies ; it has consumed a good deal of
the American flour brought by Havre and Rouen. This
flour was in general of inferior quality, and Paris, as is
known, employs a good deal of the inferior sorts, which
are more rare, whence again arises the relative dearness
of bread in the capital. On this subject we will say a word
with respect to the wish lately expressed by the bakers,
and which several journals have deemed it right to
support. It has been demanded that the flour kept in
reserve in the granaries of the Government shall be de
livered to consumption. In principle we accord very
little value to the system of reset ves. This is not, how-
ever, the time, in our opinion, to deprive ourselves of
such resources. The measure would, no doubt, present
advantages to those who, having purchased this flour at
a low rate, could now sell it very dear; but, besides
causing a temporary decline, factitious in some sort on
the market, it would drive away the corn trade, and
would thus compromise the important question of the
Parisian supply; and it must be remembered that if the
foresight of the Government has required the formation
of permanent reserves, even for the times at which the
supplies of food are normal and regular, there would be
temerity in dissipating these resources, when we have
hardly yet quitted a crisis, the consequences of which
still affect public credit so strongly. The municipal au-
thority, which in these circumstances has so efficaciously
come to the assistance of the labouring classes, has there-
fore aeted very wisely in refusing to empty the granaries
of the city of Paris."
Au enscusc vuourrecl ou Thursday in the Faubourg.
St. Antoine, in consequence of a strike among some
journeymen carpenters, employed by M. KEIGIER.
The public force, however, interfered, and restored
tranquillity.
The French Scientific Congress, for this year, will
be held at Tours. The proceedings will commence
on the Ist September.
The Three per Cents. closed on the Paris Bourse,
on
oocu.; Saturday,e ,9
the Five per Cents., 118 f.
2
Havre, 595 f. ; Great Northern, 531 f.
25c.
f ; Avignon, 595 f. ; Yierzon, 550 f. ; Bordeaux,
72. oc.; B°asn'le, nthe3sf.
; a t
Orleans 76f.
Railroad7sc Shares, 1,237 f. 50c. ;
R 175 f.; Paris and Strasburg, 392 f.
50c. ; Tours and Nantes, 372 f. 50c. ; Paris and Lyons,
396 f. 25c; Lyons and Avignon, 447 f. 50c.; Bordeaux
and Cette, 462 f. 40c.
4 sin

_
ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock 195 195
3 per Cent. Reduced Anus...— 8714%%% 87%
3 per Cent. Consols Annuities 87% 87 87
New 31% per Cent. Annuities B9l/04 89 89%
New 5 per Cent. Annuities 118 118
Long Annuities to expire Jan.lB6o 94 9 1-16
Ditto, Oct. 10, 1859 ...... ..
India Bonds, 1,0001 —
Ditto under 1,0001 I dis
Consols for Account 874 IA
Exchequer Bills. 3d.
1,000/.
5001 5 3p 5p
Small
oNE CLOSING
eItICES OF FOREIGN FUNDS. O'CLOCK PRICES
Brazilian Bonds
Buenos Ayres Bonds, 6 ner Cent 37
Mexican, 5 per Cent. 1846 —
Ditto. Account ... ........... 19
Portuguese 5 per Cents. —
Ditto, Bonds, 4 per Cent ......
Ditto, Account . 27
Spanish 5 per Cent. 1840.
Ditto, Passive
Ditto 3 per Cent.
Ditto, Account 3O
Dividends on the above payable in London,
Dutch 21,4 par Cent. .
PAID. 561/4% 56%
Ditto. 4 per Cent. Certificates 89% ' 891 A
PRICES OF
AT
BUSINESS sc
ol C
i,G DONEcK. CLOSING
PRICES.
R ALILWAY SHARES
Aberdeen _ .. 35

Amber.. Not., Boston,
and Eastern Junction 1%
Ayrshire and Galloway.. 2%

Belfast & County Down 10 -
Birmingham and U.x.-
;brd Junction
Birmingham, Wolver-
hampton, and Dudley 10 ..... 15%
Birming., Wolverh'pton,
and Stour Valley... .. 8 ......
Birkenhead, Lancashire,
and Cheshire June._
_ .

Boston, Stamfd, & Birm. 5- 5141/2. .. .. .....
Bristol and Exeter 75 -
Ditto, Thirds - ......
...
.....
Buckinghamshire Bl. 4s.- -
uatedonian
Ditto half E1i.... VA •••• •••• •..••
Ditto,Clydasdale June 35 -
Chester and Holyhead... 32% -
Cheltenham and Oxford 2 - ...• . •••
Clarence ..... 100
Do. Ist Class, 6 per Ct. 10 -
Do. 2d Class, 5 per Ct. 10 „ ...-
Do. Government Loan,
4 per Cent. lO -
Cornwall -
Ditto, Half Shares ... 33/4 - ••••••.•.••»••
Dublin and BelfastJunc. 20 -
Dundalk & Enniskillen 121/$
Eastern Counties
Ditto Perpetual, 5 per
Cent, No. 1. 6/.135. 4d -
Ditto ditto, No. 2... 61. 13s. 4d -
Do., York Extension.. 7 % 6IA %
Eastern Union 5O .• ... - ... ...... .. •••
Ditto, Quarter Shares 12%
Ditto, Thirds ........13s. 4d -
East Lancashire - •••••
Ditto. New
Do.. do., Extern. Scrip 114 - •••••••••••• -
East Lincolnshire ...... 9
Edinburgh and Glasgow 50 • - ......... ... ..
Ditto Half Shares ... 15 - ....•• .........
Ditto, Quarter Shares 12% -
Edinburgh & Northern.. 20
Ditto, New -
Ditto, Newport.— -
Ditto, ditto, New . -
Edinburgh and Perth... 2 -
Ditto, Extension ..... 10s. - ......... .....
Ely and Huntingdon ... 18 -
Ditto New. 1 -
Exeter,Yeov4.l,& Dorcb. 2% -
Ditto, New -
Glasgow Dumfries, arid
Carlisle ... B/. 63.8 d -
Glasgow, Kilrnar., &Ayr 50 ...... -
Ditto, Nev; .. 35 -
Do., 14 Snares (5 per
cent. guar.) ... ...... 12% -
Great Nortlvern 6
Do., Loin lon and York 2%•.... -
Great. Soutiq. and West
(Ireland') -
Great N ort.ti or England..loo - ••.
Ditto, New 40/.......... 5 -

1 dis
8714

28
271,6
4%
30

211,4
15%

......
51A

32%

I • ..... ...••

18%

6%

-
8%

10.'—Marseilles and Avignon,
55M2f.A5a0scE.7L usNorthern,,Auo. 1:.37f.m25
LYONS, AUG. 12.—Paris and Rouen, 926 f. 25c.;
Avignon and Marseilles, 471 f. 25c.; Vierzon, 542 f.
sOuc. Northern,NE
s s
DONE ; Orleans, 1,232 f. 50c.
ORtIGN RAILWAYS AT THE
B s

nvi
LONDON STOCK Elba/44E, AUGUST 14.
Boulogne and Amiens, 133/4—Dutch Rhenish, 21,4—Lyons
), 3—Namur and Liege, 554t—
Nand t
hAevr
nigonfonFra(C tedneoe, st iitiu

......
314

Manzhester,Buxtongand
.. 425....... 114 dis. II4 dis.
Manchester, Sheffield,
and Lincolnshire 100
Do. Quarters (No. 1) 13

_ . .
Ditto ditto (No. 2)... 25
Ditto ditto (No. 3)... it/a — ••
Ditto and Grimsby.— 25 —
Ditto ditto . ... ..... 7
Ditto ditto .. ..•
Ditto Sheffield and
Lincolnshire 7'h...... ........ —
Manchest. & Southampt 214......
Midland lOO ...116 11734 117 118 118
Do. Fifths 2 ......
Do. 401. Shares
Do. 501. Shares

Do. Birtn.. and Derbvloo
Midland Consol. Brist. '&
Birming., 6 per cent.loo
Midlnd, Brist. &Glocstr. 34
Ditto, ditto 71.9s —
Midlnd, Leicest. & Swan-
nington, 8 per ct. guar. 50 ...... --
Midland Great Western
Irish

Newcastle and Berwick 20
Ditto New
Ditto North Shields... 25
Newcastleand Carlisle...loo
Do. Quarters 303% . .
Do. New Quarters ...81. 18s. 9d. •••• ••••
Newmrk et & Chesterford 131/2 —
Do. Extension .........21. 125..,.
Newport, Abergavenny,
and Hereford
Newry and Enniskillen 71/2 O4 ..... 00.0

- -
Newry, Warrenpoint,
and Rostrevcr
Norfolk ... 100
Do. New 201... 5
Do. Extension
Do. Scrip, 1847, North
of Norfolk
Do. do. Waveney Val. 2
Northern Counties Union 4
North British ..... 25
Do. Half Shari s l2l/2...... 141/.2
Do. Quarters
Do. Extension
,p......
Ditto Thirds
Northern, and Eastern... 50 1.0
Ditto Quarter Shares 1214 -
Ditto New
North Staffordshire 7% net
Do. Scrip (late Chur.
net and Blythe) ... 2 ~..•
North Wales - ••
North Western 4
Oxford, Worcester, and
Wolverhampton
Portsmouth Direct ...... 3% —
Preston and Wyre
Do. 1,4 Shares (A) ... 81j2 —
Ditto ditto (B)
Reading, Guildford, and
Reigate
Roystcn and Hitchin ...
Scottish Central
Scottish Midland 1714 — .
Ditto, New......... 10
Sheffield, Rotherham,
and Goole
Shrewsbury and Birm...
Ditto ditto, Class B. 3
Shrewsbury & Chester
(Nur. W. Min.)
Ditto Halves ... ditto 8
Ditto Oswestry
Ditto New
Shrewsbury and Herefd 2
Shropshire Union
South Devon 4O ... ..
Do. Preference
South Staffordshire 21. 125.... •••
South & Dover. 33% — .....
Do., No. 1 26
Do., Nc 2.
Do , No. 3.. ..... :5 ••• ........
D0.. No. 4
South Wales
zouth Yorkshire, Don-
caster, and Goole 2 -
Swans. & Loughor & Ca-
meron's Stn. C0a1.... 2
Taw Vale Extension ... 4
Thames Haven Dock
and Railway
Vale of Neath 4
W akefield, Pontefract, &
Goole .........4214
Waterford and Kilkenny 13 -
Waterford and Limerick 32% — ...,.«,. ...,.«,.
Waterfd,Wxfoil,Wicklw,
and Dublin
West Cornwall
Whitehaven & Furness 8
West Riding Union ...... 4/. 2e 1,4 dis .dis
Windsor, Staines, and
South Western........ 425. 2%p
Wilts, Somerset, & Wey-
mouth

14%

......
9%

37%
12%

York and Newcastle.... 25 .. ... 3534%.36
Do. Extension
Do. Preference
York and North Midland 50
Ditto Extension ...... 25
Ditto, Preference
Do. East and West Rid-
ing Extension
FOREIGN RAILWAY J.

Anglo• Belgian 4
Barbadoes 1 ......
Boulogne and Amiens 2O ...... 14 ....
Bordeaux,Toulouse, and
Cettt (Constituted) 4 ..
Central of France (Or-
leans and Vierzon)
_ .

Central of Spain ... .... 2
Ceylon
Demerara 2l/2 ......
Dendre Valley
Direct Bombay and
Madras
Dutch Rhenish
East Indian ... ..... .... 58.
Great Indian Peninsular ss.
Great Southern of Dladras ss.
Great Western Bengal... ss.
_ .

Great 'Western Canada... 3% ......
Italian and Austrian.... 4 ... ..
Jaraaica S.Mid. Junction 1
Louvain ala Sambre ... 6 ... . ....
Luxembourg-- ..... .. 6
Lyons and Avignon 5
M ad ras 1
Madras. Nellore, and
Arcot %
Madrid and Valentin.... 2 ... —
Namur and Liege
Northern of France lO ..... 11
Orleans and Bordeaux 6
Over Yssel 4l3s 4d
Paris and Lyons .. 8 ...... ...... ,
Paris and Orleans 2O
Paris and Rouen
Paris and Strasbourg 8
Rouen and Havre
Sambre and Meuse ...... 16 ....
Strasbourg and Bale ... 14
Yours and Nantes ...... 8
Tournay, Jurbise, Lan-
den, and Hasselt....... 12
Trinidad
West Flanders 8
JOINT STOCK BANKS.

Australasia
British North American 50
Colonial 25
Commercial of London 20
London Joint Stock
London & Westminster. 20
Ditto New.......
National Prov. England. 35
Ditto. New ...... .. .... 10
National of Ireland 221,4 ••...••••.....
Provincial of Ireland ... 25
Ditto, New
Union of London lO
Union of Australia
Ditto,New... ... 21/9 • ••••g. ..... .
Union of Madrid ...... ... 40 — ••• '
MINES.

Brazilian Imperial —— 21 ...... -
Cobra Copper . - •'••'•'•• •,..
Galvanized Iron ...... .. 10
Real Del• Monte, Unreg.
United Mexican ......281. 2s. 834 d.

LLOYD'S SHIPPING---(THIS DAY.)
LONDON, AUG. 16.—Wind N., light breeze', and dull
hazy weather.
COWES, AUG. 14.—Wind E.N.E.—SId. Francis
Ridley, Calcutta.
PORTSMOUTH, Auo 15.—Wind N.E —Arrd. Thomas
Bell, Penporwood, Havannah. Sld. Owen Glendower,
Bombay; Sir John Falstaff, Quebec.

WHITSTABLE, Atm. 14.—The Union barque', of and
for this place, from London, sprung a leak and sunk this
morning, off the Columbine.
DEAL, Aua. 14.—Wind N.E. to E.N.E., fresh; 15th,
E.N.E., strong, N.E., ditto.—Arrd. Richard Cobden,
New York; Medora, Hedges, Quebec. Arrd. from the
river and sailed, Promise, Quebec; James Edward,
ditto; Pleiades, ditto; Cynthia, Newfoundland; Speed,
St. John's, New Brunswick. Sld. Mathises, Cape of
Good Hope.
LIVERPOOL, AUG, 15.—Wind N.E., moderate..—Arrd.
13th, Sunbeam, Winsor, New Orleans; Arcola, Hood-
less, New York; Britannia steamer, Harrison, Boston,
&c., left Ist inst., Halifax 3d. 14th, Protector, Prince
Edward's Island. 15th, Manchester, Higginson,
_Balti-
more • Mariner, Janet, New York. Sld. 13th, Norval,
Newfoundland. 14th, Lucy Wright, Bombay; Thomas
Millor, Bahia; Isabella, ditto; Mountaineer, Demerara;
Primer°, ditto; Mayo, Havannah ; Guadalquiver steamer,
New York; Kalamazos, ditto. 15th, Aden, Hong-
Kong; Lucy, Yarmouth, Nova Scotia; Caledonia, Leo,
and James Gibb, Quebec; Sir Robert Jackson, Mon-
treal. Off port, Circassian, Calcutta; Metoka, New
York; Aberdeen, Quebec; Hindley, Bezone.

MARKET NEWS-(THIS DAY.

CORN EXCHANGE.-MONDAY

---
The arrivals of all articles of home growth up to
our market last week, coastwise, as well as by land
carriage and samples, were on a very limited scale, and
the receipts from Ireland and Scotland were trifling.
From abroad, however, the imports were large, viz.,
66,197 quarters of Wheat, 4,471 quarters of Barley,
20,817 quarters of Oats, 3,027 quarters of Beans,
13,182 quarters of Indian Corn, 76,041 barrels, and
1.809 sacks of Flour. Fresh up to-day, the receipts of
Wheat of home produce were very moderate—say about
900 quarters, 600. of which were of the present }ear's
growth, and of har average quality, although the weight
was by no means heavy. The large failures which oc-
curred here last week had a very prejudicial effect upon
the Wheat trade, notwithstanding the heavy rains,
which fell in the early part of the morning. Still, how-
ever, in some instances, selected qualities of English Wheat
sold at priers about equal to those obtained on this day
se'nhight, but the middling and inferior kinds were with
difficulty disposed of at a decline of is per quarter. At
the close of the market, a fair clearance had been
effected. There was a very large quantity of foreignign
Wheat on offer, in, for the mm part, middling condition.

..
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