The Sun.
London, England, 1847-05-12 00:00:00

PRA SUN, LONDON, WEDNESDAY MORNING, MAX 12, 1847,

saturating England with gold 1 Never was the
currency so miserably distorted from a symmetrical
science into a deformity of nervous financial blunders.
When Sir R. PEEL refers so confidently to the cal-
culation
of the present First Lord of the Treasury,
that capital to the extent of 16,000,0001. sterling
has been abstracted from the country by
an unavoidable scarcity of provisions, and
intimates that the present embarrassments of the
money market are solely attributable to that abstrac-
tion of 16,000,0001. from our insular capital, he pre-
varicates. He endeavours to shuffle the odium of his
Currency Bill of 1844 on to the potato disease of
1846. He strives to demonstrate that the blow has
been inflicted by the impetus, and not at all by the
instrument. Why, the casualty of the late scarcity is
only the impulse which has carried down the sooner
the weapon of the restriction enactment. To pretend,
therefore, that the present involvements have arisen
from the atmospheric blight, and not from the inju-
L dicious arrangement of 1844, is nothing better than a
most flagrant and a most inexcusable prevarication.
As the Hon. Gentleman, the representative of
Montrose, observed in his sensible and straightforward
harangue, the present pressure has originated rather
in alarm than in any actual scarcity of specie. There
can be no doubt whatever as to the accuracy of this
estimate, when all things are taken into considera-
tion, and especially when the reserve of bullion, at
this moment locked up in the cellars of the Bank, is
remembered. And it is equally beyond contradic-
tion that this alarm has alone originated, can alone
have originated, in the deplorable operation of the
notorious measure of Sir ROBERT PEEL.

Ingenious, therefore, as is the hue thrown over the
proposition of the Chancellor of the Exchequer,
for the purpose of rendering the instalment-bolus
more palateable, it is impossible not to recognise the
malign effects which these anticipatory payments,
when enforced by discounts coming out of the public
purse, must inevitably have. Before the words of
the proposition are well articulated by the Chan-
cellor of the Exchequer the tongue of the Right
Hon. Baronet has tolerably well worn away the
flimsy lacquer and gilding. Sir CHARLES WOOD
may feel confident in the feasibility of restoring secu-
rity to the money market by such stumbling demi-
semi-quavering arrangements, but we are immeasur-
ably more confident that Mr. HUME is right in de-
manding a new currency upon a new basis.

The announcement made on Monday by the Pre-
mier in the House of Commons, that he would shortly
propose a continuance of the suspension of the corn-
law for three months, was what everybody must
have anticipated. We are glad, however, that the
notice given by the Noble Lord was received with
acclamation from both sides of the House. The state
of the country renders it absolutely imperative on the
part of the Government to take this step. The mone-
tary crisis in which we are involved, coupled with
the protracted dearness in the prices of provisions of
all kinds, place the expediency of Lord J. RUSSELL'S
proposition beyond the pale of controversy. Humanity
itself would alone suffice to vindicate the enactment
in contemplation. Only on Monday a further rise of
ten shillings a quarter was established in the sale of
wheat. Since the war-time bread has never been so
dear as it is now. The consequences entailed upon the
humbler classes, involving millions, are severely
felt, since it is not only the natural result,
when the price of wheat is high, that the
other necessaries of life are correspondently
affected in price, but when a stagnation
of trade is concurrent with this state of things, the
diminished demand for labour, that invariably fol-
lows, lessens the earnings of the operative classes,
and aggravates their distress to a fearful extent. Pro-
visions rise whilst their means of purchase are in-
versely impoverished. That the Government
are profoundly sensible of the gravity of this
subject, is evident from a consideration of the ques-
tion put to Lord J. RUSSELL by Mr. BAILLIE, and
the reply that was given to it, previously to the
notice to which we have adverted. Mr. BAILLIE, having
reminded the Premier of his refusal on a former
occasion to 'prohibit the use of grain in distilleries,
inquired whether that intention was to be persevered
in, now that corn was realising such excessive prices,
with the prospect, too, of their still further rise.
The Minister required four-and-twenty hours to con-
sider of his answer, on account of the extreme im-
portance of the subject. The hesitation of Lord Jour;
could only have proceeded from the opinion that a
review of surrounding circumstances, which have
undergone such rapid changes in relation to the
food of the people, might result in an apprehension
that before long the difference between the supply
and demand for corn would be such as to require him
to recommend a temporary prohibition in the use of
grain for purposes of distillation. We hope, how-
ever, and believe that Lord Jon's- will not come to
the conclusion that our prospects are not sufficiently
gloomy to warrant any such apprehension. The ac-
counts we have of the stores of grain in America,
Russia, Egypt, &c., and of the continental pros-
pects of the ensuing harvest, are of the most
cheerful character. In America the ice has only
very recently broken up, to admit their cereal
produce being brought down to the ports; and the
only real impediment, which can be easily mastered,
in the way of our immediately receiving vast quan-
tities of corn, both from America and the Baltic, is
the want of shipping. We are satisfied that, in a
short time, public apprehension will be materially
allayed. In the meanwhile we commend the cau-
tion of the Minister, but especially his decision to
move the further suspension of the duty on corn
after September next, when the present Act will
expire.

_ Their Lordships have at length been awakend to a
true sense of the position in which a continued oppo-
sition to the Irish Poor•law, and the adoption of
amendments calculated to impair its efficiency and
" deaden" its effects, would have placed the country.
They have been startled at the success which attended
their former efforts, and would gladly retrace their
steps and restore the Bill to the same condition, as to
all its more important clauses, in which it was sent
to their House. They must be too well aware of
' the state of public feelings with respect to the men.
sure to suppose that there would be a tacit :acqui-
escence in its rejection. The determined attitude as-
sumed by the Ministry, the postponement of several
measures relating to Ireland, which on all sides are
admitted to be highly beneficial to that country, but
which would not be conceded unless accompanied by
a real and efficient poor-law, that would in ordinary
times, and under ordinary circumstances enable the
poorer classes to obtain the necessary supplies of
food without appealing to the charity, or becoming
burdens on the resources of England, have also had
their effect. They now perceive that a collision be-
tween the Houses would have been inevitable ; that
an appeal to the country must have been the result,
and they have wisely shrunk from such an
alternative. A great change was on Monday
night apparent in the tone and sentiments of
the Noble Lords who addressed the House
on Lord Stanley's amendment. That amend-
ment, the success of which was so confidently pre-
dicted, which would have transferred the burden
from the landlords to the occupiers, which would
have been tantamount to the rejection of the measure,
inasmuch as it would have led to a regularly organized
resistance to the payment of the rates, and the im-
possibility of their collection, which would still have
compelled England to provide funds for the relief of
the destitute, and enabled the landowners for another
year to have enjoyed the sweets of property without
the performance of its duties, was withdrawn by the
noble mover. He indeed was not influenced by any
consideration of expediency. An Irish landlord him-
sreelefk,
lss of the
hee fearlessly
consequences,fottle
butbattleF
ie
foundof t
to
the
is landlords,sur
prise that the associates,
nofininwc'lhio. se aid he relied, were not
propoisnaflg;shpei.rsiat,wanadn.dw
animated by the same 11.
acknow-
ledged s forced
their Lordships had
ul e
to admit that. a large portion
determined to reject his
in the sense of the great
House bow utterly useless it was to force a division.
the
withoutthreat threatened
The most mischievous, therefore, of
obstacles has thus been got rid of, and
prospect of its again being brought forward, anyf
although his Lordship announced his intention ofr
again moving the clause on the bringing up of the
report, he stated that his only object in so doing was
to let it appear on the journals that the amendment
had been proposed, and not to go to a division on it.
The remainder of the clauses also passed the Com-

mittee. The Bill was reported, and the report I
ordered to be taken into consideration on Friday

next. On that day, therefore, their Lordships
will have the opportunity of reconsidering this
most important question, of restoring the Bill
to its original form, and of sending it back
to the Commons House of Parliament un-
mutilated and unimpaired. We trust that the
opportunity may not be neglected. On that occasion
proxies will be available, and therefore we may
reasonably hope that the opinion of many, who have
not hitherto taken a part in the discussion, may be
obtained. It is rather strange that on a question of
such vital importance, of so deep an interest, not one-
third of the Peers were in attendance, that 127 Lords,
out of more than 400, alone registered their votes.
It might be worth inquiring how many of the 73
noblemen who formed the majority were themselves
Irish landlords, or connected with Ireland. If this
investigation were to take place we believe it would
be found that few indeed were amongst the oppo-
nents of the measure who had not a direct pecuniary
interest in the result.

Letters from Portugal confirm all the previous in-
telligence. The warlike movements have by no
means discontinued, though negotiations are still being
carried on for the speedy suspension of arms.

W hile the Viscount DE SA had fortified himself so
admirably in Setubal and Palmella, that the Royalist
forces had refrained from assaulting his position, the
other troops of the Junta had effectually crossed the
Douro and carried dismay to the army of SALDANUA•
Even in the Lusitanian capital a hostile spirit was
manifested towards the Cabral faction.

Queen MARIA is not proceeding with the prompti-
tude which circumstances require. Her MAJESTY
must abandon all her unconstitutional partialities and
friendships, or her throne, long tottering, will be in
peril of a permanent subversion.

According to an announcement contained in the
Augsburgh Gazette of the sth ultimo, ARGYROPOLOS
was preparing to take his departure from Constanti-
nople, having received the requisite passports for
Athens. REIS EFFENDI had rejected a proposition
made to him by ARGYROPOLOS, at the instigation of
the Gallic Ambassador, namely, that MANARIs should
be received pro lempore as the semi-official represen
tative of King 01110. Greece is evincing no concili-
atory disposition, and the Ottoman Porte is respond-
ing to that coolness by a proportionate indifference.

The journals from Madrid to the 4th ultimo are
characterised by a singular paucity of information.

By a royal decree, published in the Gazette of that
date, all funds appertaining to the state are required
henceforth to be paid into the royal treasury.

Among the other arrangements that were being
made in Queen IslnExi,A's household prior to her
departure, on the following morning, for Aranjuez, the
post of First Lady of the Bedchamber, which had
been vacant since the ignominious dismissal of the
Marchioness of SANTA Cauz, was committed to the
Countess VALVERDE.

Early on the morning of the 4th inst., Senor CASTRO..
Y-Oaozco, Marquis of Girmia and President of the
Chamber of Deputies, expired at his residence in the
capital. _ _

The Three per Cents. closed on the 4th instant,
at 31i cash ; the Five per Cents. at 191; the Debt
without interest, at 5-3- ; and Coupons, at 16 cash.

We have duly received the Paris papers of Sunday.

Most of the interest is still directed to the Ad-
ministrative changes, consequent upon the resigna-
tions of the Ministers of Finance, War, and Marine.
Upon these alterations the Journal des• Debats petu-
lantly remarks, " Certain modifications have taken
place in the -Government it is true; but the Cabinet
itself is unchanged." It is unquestionable, we admit,
that the talent of GUIZOT'S Administration is still
retained.

" Behold," says the Constitutionnel, " how the
Ministry has resolved to fill up its vacated depart-
ments. M. LACA.VE LAPLAGNE will be replaced by
M. DUMON ; General ST. Yox by General LAFLAca ;
Admiral MACKAU is to yield his portfolio to—M.
BRESSON 1" It afterwards intimates, however,
that M. BRESSON is undecided as to whether he
shall accept the toils of office. In the
event of the Finance Department being entered upon
by M. DumoN, at present the Minister of Public
Works, he will be succeeded in the latter capacity
either by M. Mutur (de Bert), or by M. VITET.
What says the National upon these Ministerial
transformations and official harlequinades ? Why,
our risible Contemporary observes that " when the
comedy shall approach its denouement, chance, which
governs everything, will confide the supreme authority
to M. MONTALIVET !" Nous verrons.

happily for the depressed and hungry population,
the prospects of the crops are moat encouraging. The
weather, which has latterly become magnificent, ar-
gues a rich and bountiful harvest. About mid-day,
on the departure of our dispatches from Paris, the
thermometer had reached 72 degrees Fahrenheit in
the shade.

Accounts from the Russian granaries are likewise
of a very propitious character. While corn is rising to
such a frightful price in this metropolis and elsewhere,
it is consolatory to hear, on authentic information, that
no less than 7,380,000 hectolitres, or 55,350 tons, of
wheat will be ready for exportation from Odessa and
the sea of Azoff between this time and the termina-
tion of July.
Beyond this it would appear that the Danube is
becoming more navigable, and therefore, says the
Echo Agricole, we may anticipate fresh supplies of
cereal produce from the interior of Galatz.
On the 6th ultimo, the Semaphore of Marseilles
announces that Mr. O'CONNELL had left on the pre-
vious day for Civita Vecchia, by the Sardinian steam-
boat the Lombardo. After visiting Civita Vecchia,
and remaining a brief period in Rome, the Liberator
proposes to establish his residence in Florence.

By the latest intelligence there had been a remark-
able diminution in the price of grain, in consequence
of the decreasing facility in the way of exportation.
111AttsEnA.Es, MAY s.—Marseilles and Mignon, 782 f.
50c. ; Northern, 626 f. 25c.

LYONS, MAY 7.—Paris and Rouen, 945 f. ; Avignon and
Marseilles,;762f. 50c. ; Northern, 611 f. 25c. ; Paris and Lyon;
431 f. 25c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, MAr 10.

Bordeaux, Toulouse, and Cette (Constitated),
1J8—
Central of France (Orleans and Vierzun), 1458—Demerara,
2s—Louvain a la Sambre, I—Luxembourg, 1 .f,—Northern
of France, 1134—Paris and Orleans, 461/2—Paris and Rouen,
361 A.

chiefly rich firms in London and in Paris. It was stated
last week by Lord John 1?”,•selt, as Patliarnentnry
report showed, that about 400,0004 in specie and bars
came in during a few days.

Discounts, although easier, continue high. Bills that
could very readily be " done" three or four months back
at 4 per cent., with / per cent. commission are now sus-
piciously looked at, though 10 per cent. has been offered,
with a commission of 2 per cent. It is the opinion of many
of the principal men of the City, that next week will
really bring with it a considerable improvement in all
circles. The growing crops look well, and the deliveries
of oolonial and of foreign produce (though it may be
from hand to mouth, as the term is, or in other words,
to meet only pressing demands) are steady. These are
very important elements in the consideration of the
stability of trade, and beacons which hold out the hope
that brighter times are not far off.
Many have been the fluctuations in the funded and
unfunded debt lately. As corn rose Consols occasionally
receded. Yet the closing price of the Three per Cents.
was yesterday but 1 to 1/ per cent, under the highest
value of last week. Wheat, upon the extreme values,
may be, however, said to be full 2a. to 10s. per quarter
dearer than on this day week. The purchases of stock
lately have been comparativeiy small, but the holders
have shown little anxiety to get out. The deposits in
in the savings' banks are represented as being upon the
increase. Bank Stock has fallen, though the profits of
the Corporation have of late very considerably in-
creased.

At a meeting held recently in Birmingliani, upon the
subject of the present extraordinary tightness in the
Money-market, it was stated by one speaker, " that the
object of the Birmingham economists was to keep the
means of distribution steady in quantity and value; and
that any pressure which might come should be thrown,
not on this circulating medium, but on the accumulated
mass of the country's wealth, of which there was enough
to sustain any pressure for any number of years. At the
present time, the population has to pay a higher price
for food of all kinds, and taxes consequently press more
heavily upon it. We want, in consequence, more money;
but Sir Robert Peel's Act come in and says, Because
you want more money you shall have less.' Under the
system proposed in Birmingham, the amount of money
would not at any rate be reduced. Of course, when there
was a bad harvest there must be a pressure—this no
system of currency could prevent; but the pressure would
not be aggravated by a contracted amount, of money.
Let them look at the condition in which the present
system of currency had placed the country. A great
quantity of corn had been imported from America, and
bills representing this corn had been sent over accom-
panied with orders for English manufactures. These
bills were refused to be discounted, and the consequence
was that the manufacturer could not execute his orders,
and the workman was thus deprived of employment, at
the very time when he needed fuller employment than at
any other period, and thus goods that would help to
rectify the exchanges could not be produced. He drew a
parallel between the present and the previous systems.
observing that under the system of ISI9 the Bank
would have let the gold go to rectify the exehanges ;
but the present system kept a quantity of gold locked
up, of which neither this country nor any other had the
use."

Now, although we are not " Brummagem" ourselves,
we do feel that the speaker cited above is right in his
conclusions as to the necessity of relieving the pressure,
and we conceive that it is manifestly unwise to adhere
to a •" principle " when it is found not to meet the de-
sired end.

There has not been much doing to-day in the Stock
Market, but prices are higher, and with an appearance
of firmness. Consols have risen from 86i to 861 for
Money, and from 861 to 87 for Account. The New
Three-and-a Quarter per Cents. have been 864 to 871.
Exchequer-bills have risen to 2s. and 6s. premium. The
abandonment of opposition in the Lords to the Poor law
(Ireland) Bill, and the prospect of the speedy formation
of a new Ministry in France, have strengthened Consols.
The Foreign Bonds have exhibited but little buoyancy.
Spanish Three per Cents. have been 3324 8, and the Five
per Cents. 22. Portuguese Four per Cents. have been
quoted 34. Brazilian New Stock of 1843, has been al
82k. Venezuela Bonds are 38. Dutch Four per Cents,
are 87i 1.
Shares are heavy.
BRITISH FUNDS.

ONE CLOSING
O'CLOCK. PRii:Es.
Three per Cent. Reduced Annuities .. • • 85% % % 85%
Three per Cent. Consols Annuities .. • • 86%% 86%
New Three-and-a-Quarter per Cent. Anns. 86% 87% 86% 87
tlonsols for May 27 .. .. .. .. .. 86% 87 86% 86%
Exchequer Dills. I%d. 2d.
1,0001... .. .... 62 5p 5p
5001... .. .... 67 p 7 p
Ditto, Small .... 7 4 p It
ONE CLOSING
O'CLOCK. PRICES.

FOREIGN FUNDS.
Brazilian Bonds, 5 per Cent .. ..
Ditto, New, 1843 .. 823{ 8236
Danish, 3 per Cent -. • • •• 83% 83%
Equador Bonds .. % 1%
Mexican Bonds, 1846, 5 per Cent .. 19%
Portuguese Bonds, 5 per Cent .. 83
Portuguese Four per Cent 34 34
Russian Bonds .. 10834 10934 10934
Spanish Bonds, 5 per Cent .. 22 22%
Ditto, for the Account • • .. 22%
Ditto, Passive Bonds ..
Ditto, Three per Cent .. 33% 333 g
Ditto, for the Account .. 33
Venezuela Bonds, 2 per Cent .. 38 38
Dividend" on tho above payable in London.
Dutch Two-and-a-Ralf per Cent .. 57%34 57%
Ditto, 4 per Cent. Certificates .. 8734 % 87%
PRICES OF BUSINESS
CLOSING
AT
RAILWAY SHARES. PAID. DONE
ONE O'CLOCK. kitlCE.'
Aberdeen.. .. .. • • 30 .... 24 •• .. 24
Amber., Notting., Boston, and
Eastern Junction .. 2%
....... 134
...
Birmingham and Oxford Junction 10 .... 16% •• 16%
Birming., Wolver., and Dudley • • 6
Boston, Stamford, & Birmingham
Buckinghamshire 61. 4s .... 1 % dis. •• .. 134 dis.
Caledonian •• •• 30 • • .. 23%
Chester and Holyhead .. • • • • 273 • • • . ...... 19%
Eastern Counties .. .. • • •• 20 .... 18% 18%
Ditto, York Extension .. • • 6% . . 4%
Eastern Union .• •• •• 45 54 ..... 54
East Lancashire .. 17
.........
Ditto New . • • • • • • • • • 734 •. • _
Ditto, ditto. New Scrip • • .. 1%
Edinburgh and Glasgow .. .. 50 68346934• 4
34
Ely and Huntingdon .. .. 15 ••• 14% •• .. 14%
Great Northern • • • • • • - • 3% •• • • 2% % ......
1%
2 k
Do., London & York Extension 2%
Great North of England . ..100 ....230 •••• •
••
•.. 230%
Great Western .. • • • • •• 85 •• • . 111
Ditto, Half Shares .. .. 50 64% .• • ...• 64
Ditto, Quarter Shares .• .. 1234,•,, 16 151 i 15%
Ditto, Fifths .. 20 .... 24%.. ▪
.. 24%
Ditto, New • • • • • • • • 4}4• • • • 7 •• •• • • • 7
Huddersfield and Manchester .. lb _
..........
Ipswich and Bury St.Edmimds .. 14 ~9
Lancaster and Carlisle .• .. 50 5934 .....
•5934
Leeds and Bradford .• • • .. 40 .... 8334 ... •• • 8334
Leeds and Thlrsk .. • • .• 26 .... 2034 19% .... 19%
London, Brighton, and S Coast.. 50 • 50% 51% .... 51%
Ditto, Fifteenths •• • • .. 2 .„
.......... 2%
London an North-Western .•100 • • ..169 170% 171.. 168
Ditto, Quarters • L. and B. 7
..........
Ditto ditto, New Shares •• 2 11 • • 11
Ditto, Fifths .. .• •• • . 2 .... 153 15%
Ditto, 401. Shares M. &B. •• 40 _ 65 65
Ditto, 101. Shares 31. &B. (A) 5 .... 10 •
•... 10
Ditto, 10/. Shares M. St H. (B) 5 .... 10 ....... 10
London and South•Western4ll. 63.10 d. 59% 60% 4934 60% 6034
Ditto, New • • • • • • •• 22 . 21 .. 21
Ditto, Tenths (Consolidated) .. 50 51%,,,.•,,,,,
51%
Ditto, Scrip • • • • • • • • • • 5 4%34 434
Ditto, ditto .. • • .. •• •• 4 _
Manchester and Leeds .. .. • • 82 ▪
_—
Ditto, Thirds (tteg.).. • ••71.48...., % p par
Manchester, Buxton. & Matlock 428..... 34 dis. ....• dis.
Manchester and Southampton .. 2 _ %
. .
Midland ..100 ....11334 11234 113 113

Ditto, Now .. . • • • ••36 •• 38 38%
Ditto, New .. •• • • • • 6 ....
Midland Great Western (Irish) .. 25 11 ....
Newcastle and Berwick • • .. 20 .... 24%
Ditto, New • • • • • • • • 5 •• % .. • • 6%
Norfolk .. • • ••..100 121 ..... 121
Northern Counties Union .. .. 4 1 .••• • ••
North British .. • • • . 25 .... 3o y 4 %•• • . 3O
Ditto, Ilalf Shares .. • • • . 12% .. • • 133(. •• •••• • • • •
Ditto, quarter Shares • • • • 2%, • • 3 •• •• ••• • • •
Ditto, Extension • • • • .. 74 •
North Staffordshire ' . • 7%.. • • 9% 9..
Ditto Scrip (late Churnet and
Blythe) . . 2 , 23 ......
Preston and Wyre.. 25 ,• 33 .......,
Ditto, half Shares (A) .. y. 4 11 •34 . ......
Ditto, Half Shares (B) • • .. I .... 1%
Reading, Guildford, and Reigate 5 .... „ „
Royston and ilitehin . • • • • 1% ...
Scottish Central • • .. . •, .... 23
Shropshire Union .. 425. ..........
South Eastern and Donor 33% ..........
Ditto. New (iss. at 32/.) No. 1. 20 20
Do.. New (do. 301.) .. No. 3. 15 .... 14% .....
110., New (do. 151.) .. No. 4. 5 4%%,
S uth Wales .. .. 10 .... 611. 7 6%
South Yorkshire, Doncaster, and
West Riding Union • • • • .. 4/. 2s
p par „
Windsor. Staines, &S. Western.. 425. ........
York and Newcastle .. .. 25
Ditto, New.. .. 10
Ditto, Preference .. .. 4 •• • • 6% %•• • •
York aad North Midland .. 50 81% ......., „
Ditto, Extension .. .. 25 •• • • 40
Ditto. Preference .. .. 2 9% 10 9% 10..
Do. E. and W. Riding Eaten • . 10 -•- - 19% ••••• • • • • •
FOREIGN RAILWAYS.
Boulogne and Amiens .. '2O
Dutch Rhenish .. 7 • • '•'• " " • •
Louvain Ala Sambre .. . • • • 6 •• • • ••••• • • • • •
Luxembourg 6 . 1 • • •••• • • •
Lyons and Avignon (Constituted) 5 •• • • ••••• • • • • •
Namur and Liege • • .. 10 •• • • 4 ••••• • • • •
Northern of France .. • • 8 •• • •
Paris and Lyons .. „ „ 8
Paris and Strasbourg .. 5 •• • • ••••• • • ' • •
Tours and Nantes .. • . 5 •• • • ••••• • • • • •
JOINT-STOCK BANKS.
British North American .. .. 50 •• •••• • • • •
Provincial of Ireland .. 25 44 .

2%
374,
11%

Real del Monte, Unregi MINES.
stered .. .. • • 3 ••••• • - • ' • 3
COURSE OF EXCHANGE.
Amsterdam ......C.s'. 12 9 Gibraltar.. ••••••• • • • • •
Ditto, at sight ...... 12 6 Leghorn ............ 30 90
Rotterdam ... ••• 2 U. 12 9% GeFIOA .. •• •' 26 50
Antwerp . • ..... .... • .. 26 40 Milan .• ••••••• • • • • • • • Hamburgh .. •• • • M.B. 14 Venice.. ••••••• • • • ' • • •
Altona ..
•• • • Naples .• ••• • • • .... •• 39%
Paris, 3 (lays' sight ...• 26 Palermo, per °a.— •• • - 119
Ditto, ...... ..... •.• 26 40 Lisbon. ••••• • • • • ...... 53
Marseilles • , .... 26 50 0p0rt0.... ...... ••• • • •
nis,3%, ,
Bourdeaux.... „ ...
.. 26 45 Rio Janeiro ••••• • • • • • ..;i1
Frankfort on Mains.... 124
Petersburgh, 3Us ..., • . ___ Buenos Ayres
Berlin .... ..... ......
....._
New York, 21 days' sight
Vienna, effec.f10....., 10 16 Philadelphia .... ......
Trieste, ditto.. •••• •• .. 10 16 PBICIS OF MILLION, NM OZ
Madrid .....• ........ 461 i Foreign Gold in bars £3 17 9
Cadiz • • •.. ..... .., 47 IA New Dollars 0 4 9%
Bdblo.. ••• • .. ....... Portugal Gold Coin
Baroelona • • •.........
.... Spanish Doubloons
...........•.•
• • Silver in bars ••.•.• 0 4 10%
____

THE 'LOYAL AGRICULTURAL SOCIETY OF ENG-
LAND.7—We are glad to be able to inform our readers
that the council of this society has determined that the
meeting of 1848 shall be held in York. A deputation, con-
sisting of the Lord Mayor, Mr. Yorke, M.P., and other
gentlemen, attended to represent the case as it respects this
city. Deputations also attended from Leeds and Ripon.--
Yorkshireman.

CITY OF LONDON GENERAL PENSION SOCIETY."...
The festival of this valuable charity takes place on the 31st
instant. An advertisement some time since promised that
the patrons of the dinner should, in rank and number, y
have—nearly two ex-
ceedhun-
any former effort, and so the
dred names distinguish the list, including the leading aris-
tocracy of the country, worthy the illustrious Prince, the
Duke of Cambridge, Who la to preside.

COURT CIRCULAR.

The Qtioe. Pr;r,(,o accr,rnpanicl by th
iJil the ai, and the Prince of Leihin-
gen, errived at Buckingham Palace at ten minutes before
six o'clock yesterday afternoon, from Osborne House, Isle of
Wight. The Royal suite consisted of the Countess of Desert,
Hon. Miss Dawson, Major-General Bowles, Lieut.-Colonel
the Hon. C. B. Phipps, Captain the Hon. A. H. Gordon, and
Dr. Meyer.
Her Majesty and her Royal Consort were received at the
Palace by the Dowager Lady Lyttelton, Hon. Miss Stanley.
the Lord Chamberlain, the Lord Steward, Lord Waterpark,
Admiral Sir Edward Codrington, and Captain Francis Sey-
mour.

The august party left Osborne at two o'clock yesterday
afternoon, crossed in the Fairy to Gosport, and travelled to
town by a special train on the South Western Railway, pro -
ceeding from the terminus at Nine Elms, in three carriages
and four, escorted by a party of Lancers.
Her Majesty and Prince Albert, accompanied by the Prince
of Leiningen, honoured the Royal Italian Opera House with
their presence yesterday evening. The Royal suite consisted
of the Countess of Desart, Hon. Miss Stanley, Lord Water-
park, Lieutenant-Colonel the Hon. C. B. Phipps, and Cap-
tain the Hon. A. H. Gordon.
Her Majesty the Queen Dowager took an airing in a car-
riage and four, yesterday.
Her Majesty the Queen Dowager, her Royal Highness the
Duchess of Kent, and her Royal Highness the Duchess of
Cambridge, honoured her Majesty's Theatre with their pre-
sence yesterday evening: The Queen Dowager was attended
by the Viscountess Barrington and the Earl Howe. Tile
Duchess of Kent was attended by Lady Augusta Bruce,
Baroness de Speth, and Sir George Couper, and the Duchess
of Cambridge was attended by Mr. Edmond Mildmay, and
Sir William Davison.

Her Royal Highness the Duchess of Kent visited the
Duchess of Gloucester, yesterday, at Gloucester House.
Among the visitors yesterday to inspect the Royal pictures
in St. James's Palace, were the Earl of Moreton, the Earl of
Desart, Lady F. Cole, Lads- Selsey, Hon. Mrs. Arbuthnot,
Hon. Fred. Byng, and the -Hon. Captain Lindsay.
A deputation respecting the Scotch Poor-law, consisting of
Mr. Hastie, Provost Murray, Mr. Barr, Mr. Melvin, and Mr.
Wilson, had an interview with Sir George Grey, yesterday, at
the Home Office.

A deputation from the St. Marylebone Protection Associ-
ation, consisting of Mr. Robert Eyre Todd, Mr. G. R. Wales,
Mr. William Collins, Mr. Joseph Angell, Mr. James Russell,
Mr. Thomas Dickinson, and Mr. Charles Firreh, had an
interview with Viscount Morpeth yesterday at the office of
her Majesty's Commissioners of Woods and Forests in White-
hall-place.
Mr. Morrison, "M.P., had an interview with the Right
Hon. Edward Strutt, yesterday, at the office of the Commis-
sioners of Railways, in Great 'George-street.
The Archbishop of Canterbury had an interview with Earl
Grey yesterday, at the Colonial-office.
Dr. Paris had an interview with Sir George Grey yester-
day; Mr. Bracebridge had also an interview with the Right
Hon. Baronet, at the Home-office.
The Right Hon. E. Strutt had an interview with the
Chancellor of the Exchequer yesterday.
A deputation from the "United Kingdom Artesian Water
Company," consisting of Edward Smith, R.N.,Capt. Graham,
Dr. Bond,and Mr. J. Stopford, bad an interview with Viscount
Morpeth, yesterday.
Sir George Grey, her Majesty's principal Secretary of State
for the Home Department, has issued invitations for a grand
dinner in honour of the Queen's birthday, on Thursday, the
27th May, at the Clarendon Hotel. The company will in-
clude the whole of the Queen's Judges, the Lord Mayor, and
the principal Civic Functionaries. The guests will appear in
full dress.
The Chancellor of the Exchequer will give a full-dress
dinner to a numerous party on Thursday the 27th of May,
in celebration of her Majesty's birthday, at his official resi-
dence in Downing-street.
Dispatches for the Governor of the Mauritius was sent off
last evening from the Colonial-office.

SPORTING INTELLIGENCE
TATTERSALL'S—TUESDAY.
The room was opened yesterday afternoon, but to little
purpose; very few subscribers were present, and business so
flat, as scarcely to warrant a quotation. A slight improve-
ment in Oxonian was the only change from the prices last
quoted.

DERBY.
7 to 4 agst John Day's lot—take 2 to 1)
7 to 1 agst Kent's lot—taken
10 to 1 agst Forth's lot—taken
5 to 1 agst Mr. Pedley's Cossack—taken to 200!. and
afterwards offered
5 to 1 agst Sir R. Pigot's Conyngham--tak. 11 to 2
7 to 1 agst Lord Egliuton's Van Tromp—offered
15 to 1 agst Mr. Mostyn's Planet—offered
20 to 1 agst Lord Caledon's Wannta—offered
20 to 1 agst Mr. Fuller's Oxonian—take 25 to 1
25 to 1 agst Mr. Bouverie's War Eagle
1000 to 35 agst Sir R. Bulkeley's Montpensier—taken
33 to 1 agst Duke of Richmond's Red Hart
33 to 1 agst Lord E. Russell's Nottingham—taken
4000 to 50 agst Mr. Osbaldeston's Retort colt—taken
3000 to 30 agst Mr. Merry's Limestone--taken.