The Sun.
London, England, 1847-01-25 00:00:00

THE FUNDS.

CITY, SATURDAY, JAN. 23.—A movement favouring
thethis Bde
aa
yr
week,pa r t y
and in theaStaock Echaxracchtaenrgwe hhicahs occocuulrdredhasrmdclye
havehave
tboe
repeaten
that anticipated
the
public—tw
hat
egsellers. The
of stock-holders—have not comes
forward
h as ago.
enAergaalinbo"d'ye
question then arises, why
this
w hicehd,
tsoinvceerythneeacrolmy mfoeunrcepmteernctenotf?thespyeeeaurl,atihoans
cer-
tainly tend
is not h
; but that money is wanted to
supply the legitimate cause
demands for the payment of
and engagements in commerce is certain. The
labour,f
fact that the directors of the Bank of England have, as
was expected, again advanced the rate of discount,
can have but a temporary effect, and in the opinion
of many five per cent. will be demanded. With an
amount of bullion in the coffers of the Corporation equal
very nearly to fourteen millions, there is ample scope
for giving aid to the Bank of France to the extent re-
quired, and which, by inspiring confidence on the Bourse
at Paris, will re-act favourably upon Stock here. The
movements of Ministers, which no doubt will be fully
carried out respecting the corn, the sugar, and spirit
duties, must unquestionably tend to render the employ-
ment of money more general. This ought, however, to
be a matter rather for congratulation than otherwise.
The public fundholder hero is at least safe from experi-
encing the new doctrine of repudiation, and hence the
advice frequently given under this head to the holder of
Stock is to hold on. Much money may be made by
reckless speculation in a time of panic or alarm,tbut it
almost always happens that your bold operators have
but a short time of enjoyment for wealth obtained by
means of Time bargains, It may be said, probably
with truth, that the Three per Cents. now look low, and
lower have they looked when employment was not less
full than at present; and exciting causes being left out
of the question, there is very little doubt that the National
Securities will again attain that point which they
held the greater part of last year. In the city,
apprehensions with respect to the state of Ireland
appear almost to have subsided. But the moving
cause fur a few sales is alleged to be an
intention on the part of Government to raise a loan to
carry out more extensive aid to those landlords who
willingly may give employment to the population of that
part of the British dominions. There are but few here
who think that this will be the case, as an issue of Ex-
chequer Bilis, at an advanced interest, might perhaps
answer the purpose as well, and as public works are to
be extended in Ireland, this would be the wisest course
for them. The announcement of a loan for the purpose
referred to, would not tend to depreciate prices to an
extent which would render it worth while for any but
speculators to sell Stock. Looking, then, to the in-
creased employment for money, which must arise for the
carrying out of the measures of Government, money
may remain tight for a time, but should the prospects of
the harvest be good, there can be little question that on
the payment of the July dividends the Funds will again
attain that high position which they held in the corre-
sponding period of last year. It is probable, should the
directors of the Bank of England further increase the
rate of discount, Government will find it necessary to
increase the interest upon Exchequer Bills. If correctly
informed, the subject is now under consideration.—
Observer.

REPRESENTATION OF TAMWORTIL—It is currently
reported in this locality that Mr. William Peel, on the part
of the Protectionists, has determined to oppose his brother,
Sir Robert Peel, at the next election ; and likewise, in the
event of his doing so, that Captain Townshend.will contest
the seat with Captain A'Court. We give this rumour as it
has reached us; but the idea of opposition to the Right on.
Baronet from such a quarter seems to us so monstrously
absurd, that for the sake of Mr. 'William Peel, we should be
sorry to vouch for its correctness.—Birmingham Journal.
TEE QUEEN'S CONCERT Rooms, HANOVER-SQUARE.
—Menzies annual Caledonian Ball took place at these elegant
rooms last Thursday night, and, notwithstanding that several
other favourite assemblies came off in different parts of town
the same evening, as well as the very unfavourable state of
the weather, this one was patronized by a numerous and
highly respectable company. Mr. Menzies, assisted by one
of the directors (Mr. Vote), conducted the ceremonies.
Adams attended himself as Leader to his famed band,
playing all the most choice and fashionable airs ; and Mr.
INfackay, his late Royal Highness the Duke of Sussex's piper,
delighted the Highlanders with strathspeys and reels. The
supper tables and refreshment rooms were under the super-
intendence of Mr. Shelley, of the Swan Hotel, Fulham, who
evinced the utmost attention to the wants and comforts of
the party, which gave universal satisfaction. The dancing
continued with unceasing vigour until an early hour. The
whole' of the arrangements reflect credit on the judgment of
the directors. Nothing was overlooked that tended to the
happiness of the company, which all enjoyed to ilndulgethe nce.
BRISTOL SUGAR-MARKET, JAN. 22.—n ab-
sence of sugars of direct import, a large business has been
done in coastwise parcels, at a further advance of 2s. and 3s.
per cwt. on the rates of last week. The refined market is
very buoyant, and 70s. is marked for standard quality;
treacle, syrup, 325. to 845,--Bristol Jfercury.