The Sun.
London, England, 1841-05-26 00:00:00

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EVENING EDITIO

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that Sir Robert- has -taken a falieistcp. A fah :- Loci'?
Let the Globe call it so. It is pip :positive
the Whig Ministry. Sir Robert. Peel Isiel:"fairly CQIIIC out to
declare the Conservative principle, and t
.idecisiveiier-viii • fini.h the business. But what a rues c • ntional;set th_cee::-
Whigs are. Here are the woi ds of the /obe:. It fs.irly, ,
put to the reformed House of Commons that the contilitsaWn in office, nuder such circumstances, is at Variance :cid, thc
su
spimerit of the Co
and the Globe says, " We will as-
all this," letting out that a "mifority of one or two"
may affirm Sir Robert Peel's bold and constitutional proposi-
tion. And the Globe anticipates the defeat on Thursday,
by saying, " What then? an address to her Majesty, com-
municating the resolution to which her faithful Commons
had come, would be the next step. To what would that
lead ?" This is not le commencement de la fin. It is the
end of a bad beginning. Why, we all knoW to what it would
lead. The Globe, with an excessive modesty, ss, "It is not
for us to predict what would be the result of such an Address
to the Throne." In its stumbling agitation, it says, "We can
only reason from what has occurred under circumstances some-
what similar. If we find in the page of history anything
analogous to the case, and so forth, we can make a pretty cor-
rect conjecture of what will be the coarse adopted by our gra-
cious Queen." All the Globe's historical recollections at,
wrong. There hag. not been an Address to the Throne within
the scope of our memory or reading, except when the Whig,/
got up a meeting at the Thatched House Lavern against Pitt.
The country answered it as it will Sir Robert Peel's apptal to
them ; but how excessively cowardly it is for the courtiers to
drag in our gracious Queen.

MONEY MARKET and CITY NEWS-

FROM THE MORNING PAPERS OF THIS DAY.
TIMES.—This was settling-day in the Consol-market, and
money being less abundant than stock, there was what is
technically called a "bun " account, and the continuation to
next .duly was as high as g, or nearly 5 per cent. per annum.
These temporary pressures are accounted for by the fact, that
of late the profits to be gained by speculating in the funds
have, from the small variation in the i rices, become so trifling,
that many capitalists have withdrawn their money from the
Stock-Exchange to seek a more profitable use for it, so that
the slightest immediate want of money is attended by some
difficulty in obtaining it. During the pr7i ess of the
present account, the difference between the extreme
quotations has not exceeded * per cent. The de-
bates on the sugar question were scarcely felt at all,
as it was at once perceived in the City that there war
not the slightest prospect of the Ministerial proposition being
carried, and hence the whole affair of the Budget was re-
garded with great indifference. No other political cause for
variation has existed during the six weeks. It is remarked by
the jobbers as a curious circumstance that the quotation to-
day is precisely the same as that on the last day of the last Ac-
count, which, however, shows a trifling decline since that
period, as we have advanced nearer to the payment of the divi-
-1 dends. The prices of stock to-day. in spite of the slight pres-
sure, have been well maintained, partly, probably, on account
of purchases by the Courts of Chancery arid Exchequer, to the
extent of 200,000/. or 300,000/., which relieved the Market of
some of its stock. Payments however will, it is said, not be
made till Friday, so that the quantity of money was not in-
creased by the transaction.
By the official return published by the Customs, the ex-
ports of the precious metals from the port of London to foreign
and colonial parts for the week ending Thursday last, was as
under :
Ounces.
Silver Coin to Hamburgb ... 3,008
to New York
to Rotterdam— ..... 30,041
- to Belgium ...
Silver Bars to Hamburgh 6
,000
to Rotterdam... ... 16,000
There was a fair amount of paper offering to-day upon
'Change, and on Hamburgh the supply having rather exceeded
the demand, there was again a trifling improvement in the rate
upon that place. Paris and AtusWratam may be considered the
same as last post.
The premium on gold at Paris is 91 per milk, which,
at the English Mint price of 3/. 17s. 101/2d. pet ounce
for standard gold, gives an exchange of 25. 39, and the ex-
change at Paris on London. at short being 25. 371, it follewe
that gold is 0.06 per cent. dearer ire Paris than in London.
By advices from Hamburgh the price of gold is 430* per
mark, which, at the English Mint 'mice of 3/. 17. 101/2d. per
ounce for standard gold, gives an exchange of 13. 7Z, and the.
exchange at Hamburgh on London at short being 13. B*, it
follows that gold is 0.40 per cent. dearer in London than in
Hamburgh.
The late reaction in the tea trade has directed attention to
the causes which are supposed to have produced it, and these
principally appear to be the large sales which the importers
have made by public auction in the course of the last fortnight,
besides the disinclination shown by the legitimate dealers to
purchase more than they actually want. It also appears that
these sales are likely to be continued, which, of course, further
tends to keep the market in abeyance. With respect to specu-
lation, although it has been carried on with considerable spirit
on one or two occasions since the arrival of the late overland
mail, there seems to have been much more caution exercised
than previously, and those who have been the leaders of
it are regarded as the lower classes of the trade, whose
difficulties, if any, would only affect their immediate circle,
and not at all disturb the more respectable connections
of the trade. Among the best informed, little fear is ex-
pressed ot. a short supply of the leaf during the present
season, and, even taking the present stock, which, in-
cluding the late arrivals, is estimated at 36.000,0001b5.,
and comparing it with the average annual consumption in the
United Kingdom, for the years 1836, 1837, 1838, 1839, which
is calculated-at 38,953,4501 b., it gives very nearly a year's sup-
ply. A short review of the prices since the arrival of the
overland mail shows the extent of fluctuation to have been at
least 6d. per pound. On the 6th instant Company's Congoua
were quoted at Is. 61d. to Is. 60. per pound money. On the
7th instant they advanced to Is. B*d., in consequence of the
recall of Captain Elliott ; and on the 9th inst. they further
advanced to Is. 91d. By forced speculation on the 10th they
rose to 2s. Old., but declined the same day to Is, lid., and in
consequence of the heavy sales since made have further de-
clined to ls. Sd., although for the last two days they.. have
been quoted something better.
Private accounts from Paris contradict the statement in La
Presse newspaper, that the house of Laffitte and Co. have
withdrawn from the Texan loan, and, on the contrary, affirm
that they are proceeding with it, and are, indeed, bound by
special contract to do so.
CHRONICLE..The great move of Sir Robert Peel has
not influenced the funds, whatever effect it may have upon the
destinies of the country. Consols for the settling to-day opened
at 891 to 9, at which quotation they continued for some time.
when, on an extensive purchase being effected, said to Le to
the extentof 200,000 Consols for Friday next for the Court of
Exchequer, prices improved to 90 to h for .Money, and 901 to
for the opening. The closinn, price was a shade lower, being
sellers at 90 for money. exchequer Bills were Ss. to 10s.
prem.
POST.—This was settling-day in the Consols market, and
the account turned out, as was predicted of it, a decidedly
bear account. The continuation remained at %to per cent-.
all day long, the rates quoted by us yesterday. Money was
procured, on the deposit of stock, at from 5 to 8 per cent.,
according to circumstances, the charge depending equally on
the amount wanted and the standing of the parties borrowing.
Rather a heavy purchase of Consols (200,000 e being the sum
named), was made on account of the Court of Exchequer for
delivery on Friday, at the price of 90k, which gave a fresh
impulse to the market, though the current quotation for mo-
ney was 90 to b. A small purchase, not perhaps exceeding
30,0001. to 40,0001., was likewise made in the course of the
day on account of the Court of Chancery.
HERALD.—The settlement of the account in the home
market was operated to-day, and was altogether a quiet affair,
the differences being of slight amount, as the fluctuations.
during the coursa of the account were of very trifling conside-
ration. The market was heavy in the beginning of the day
with a tendency to lower rater, but some large purchases of
Consols to the order of the Accountant-General of the Court
of Chancery, to the amount altogether of between 200,000!.
and 300,0001. redressed the balance and stopped the downward
inclination of prices.. These purchases were effected at 90 ant!
901. Altogether it may be considered remarkable that money
operations of such extent should have been so ineffective be
raising the quotations positively, but on the other hand it should.
not be overlooked, that their 'negative action was tantamount
to the same thing by preventing a fall and steadying the quo-
tations. Some relief also was afforded to the money market,
so far as the Stock-house is concerned, by this considerable
absorption of stock and disbursement of moneys among the
dealers.
SUN.—The Stock Market assumed a rising appearance to-
day, in consequence of the nature of the account, which, as
we mentioned' in our article of yesterday evening, was en-
tirely in favour of the speculators for a rise. It is notorious
that stock is now so scarce as to lender the market pretty well
invulnerable to any but the most decided agents, it we may
risk such a term in relation to political events. Nothing short
of a resignation of Ministers, could, it is thought, occasion a
fluctuation just now of even per cent. Consols for imme-
diate delivery realised to-day 89y to 901, closing at 90 sellers,
and for the Account, 901 to 901, the latest bargains being
at 90% buyers. The unfunded debt supported the premium
of Is. to 10s. Bank Stock was rather dull at 168, the Be;
duced Three-and-a-Half per Cents, brought 971 to 97 j, and
India Bonds par to 2s. prem.
The few sales made in the Foreign stocks were at prices ex-
hibiting a trifling rally. Spanish Rends were at 2n Por-
tuguese were not dealt in ; Colombian were at 221 to
Buenos Ayres at 23; Russian Bonds at an improvement to
112* ; Belgian were steady at 100 to *; French Five Per
Cents. at 114 f. 25c ; and Dutch Two-and-a-Half per Cents. at
521 to A.
The market for the Railway shares wore a very' d.pressed
appearance, and although there was no large extent otbtisaiel
dqing prices underwent a general decline. Great Western
were 2641 ; New, 12 ; London and Birmingham
20%; Greenwich Scrip, 11; South Western, -6i , and Mid-
landwe're 4i to 5
Counties, Quarter, 6% premium. Brighton Thirds,
and the South
Blackwall, 7 ; North Midland, 23; the New.bt
The
on Hamburgh agaiat
Eastern, 18i discount. Nothing was done
foreign exchanges generallyappearedn
vicarltinanki ng
an
im shares.
2;5t1.1 2624,
7
on Amsterdam ;at 1,. 3 to7proved appearance to-day, and the
mto
65pr ocv. esolns
Paris r
aTt hir3eelmorttohs;l
0 billsrnautileeiraeratbaukregnh
Antwerp ;at 149 i to eta
Trieste.
Frankfort ; andat 0 Lai to 9 58 on

THE WEATHER.—NooN, MAY 9-6
ROYAL GALLERY OF SCIENCE, ADELAIDE-STHERT.
Barometer 30.14 In.
Thermometer... 76 Highest 76 1 Lowest ... ...... "bq
Wind N.8.--Freezing--FreezingPoint 32 Deg,

FrARFur, COACH ACCIDENT. ----011 Tuesday
and Abrrgaveuny mail was on her road
havinglppeir:lcisee'3:nrg three outsidet
u.
three
dmoilnees
insidefrom 111 ((the
ty-
when abouti
ri:axie_tree broke, and the coach upset w • ith i
k All escaped
ful crash and break age.unhurt with the efutTt ion
of Mr. George Cocks, a • commercial gentleman, who has re-
ceived several severe injuries inwardly and outwardly, and now
lies at the George note], Abergavenny, where every kind
tlota last,
onyltti the
sf
theeml tahaitlle'e'
fore
attention that humanity could suggest, or medical aid confer,
were promptly provided by Mr. and Mrs. Holehouse, who had
had previous information of the accident. It is not a little
singular, that the post-chaise brought from Merthyr to take on
the passengers, met with a similar accident a mile short of the
foregoing scene, and that a third one was obliged to be sent
for, which brought the unfortunate sufferer and the inside pas-
senger to Ahergavenny; but, strange to say, on its return, one
of its wheels broke down. The bags, weighing about a hun-
dred weight, were brought on by Brown, the coachman,
slinging them around his shoulders, and mounting one of the
leaders immediately after the sad event.
A curious coincidence took place at the parish
church on Monday se'nuight ; two couples in the church at the
same time, being about Warder the ranks of matrimony, forgot
to bring with them the tokens of their love, the one left on the
table wrapped up in paper, the other, on
po
oncchkae_
ngt.ingehailsurraiids,tt.
coat, forgot to take the ring out of his
Advertiser.

A VESSEL RAN DOWN IN THE RIVER
NEAR GRAVESEND.—Yesterday morning, sit ,t„ o'clock,
an
investigation, which had been etijourned from' Monday week
last, was resumed before Mr. 'C. C. Lewis, the 'Coroner for
rssex, and a respectable Jury, at the Ship publie-house, East
Tilbury, situate five miles below Tilbury Fort, relating to the
death of Wm. Wilson, aged 25, and two other persons, whose
bodies have not yet been discovered. After the fexaminatico
of several witnesses the inquest was adjourned.