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

MARKET INTELLIGENCE

( From the London Mercantile Journal of May 4.)

St'GAß.—The proposition of the Chancellor of the Ex-
chequer to reduce the duty on Foreign Sugar 36s per
cwt and five cent, and leaving the duty on West India,
Brazil, and Mauritius at 24s per cwt, has completely
paralyzed the market generally. No private business
was done in any description, either foreign or
colonial, there not being sufficient confidence in the
measure to induce capitalists to touch Foreign; while
the importers of Colonial Sugar are not disposed to
press sales, and consequently the whole of the parcel
advertised for public auction this day was withdrawn;
they consisted of Barbadoes, Mauritius, Manilla, Siam,
and Java. From the feeling which now exists in the
market upon this important subject, it appears that it
is the intention of the trade to suspend transactions
until after Friday, on which night the matter again
comes before Parliament; at the same time, however,
there is a strong impression that the present Ministry
have not sufficient strength to carry the measure. Prices
of all descriptions are therefore quite nominal.
Several cargoes of Brazil and Havannah Sugar are of-
fering afloat, for which the importers are asking more
money, but a: present no one has the courage to make a
purchase, and not an offer can be obtained.
Since writing the above, we bear that two or three
boards of West India Sugar have been sold at rather
lower prices than last week. One board good bright
grocery Demerara sold at 61s per cwt.
REFINED,—The market is dull to-day for Refined goods,
and prices arc difficult to quote. For Bonded Crushed
Sugar 31s asked, but few buyers.
MOLASSES.—The transactions in this article are still very
limited, and prices are again rather easier ; sales made in
good Demerara at 26s to 26s 6d per cwt ; a parcel, consist-
ing of 40 puns Cuba Molasses, was brought to the ham-
mer on Friday, and withdrawn, there being no bid.
TEA.—The Tea market continues steady, and the
lower descriptions in firm request, while the finer sorts
arc but little inquired after. At public sale were offered
7,906 packages, when black Tea met a good competition,
the better kinds of Congou especially, and very full
prices were generally obtained : green Teas, however,
did not go off so readily, but maintained their previous
value. Of the above quantity, about three-fourths were
actually sold. Company's Congou quiet at Is 51c1 to
Is 50 per lb cash.
COFFEE,.—.The market remained quiet to-day, the
buyers holding back until something more decisive is
known about the duties, while the merchants aro not
generally disposed to sell, and at the public sales there
was much heaviness; they comprised 809 bags Ceylon,
402 bales Mocha, 500 bags Company's Java, and 4,981
of other bags sorts imported via the Cape of Good
Hope. Ceylon only partly sold at 76s to 76s 6d
for fine ordinary, being Is to 2s under the former
value ; ordinary and good ordinary taken in at 70s to
725, being a shade lower; Mocha sold at 96s to 116 s 6d
for fair quality, being 3s to 4s cheaper; Java taken in
at 60s to 62s for good yellow, and Padang at 40s for fair
quality; the remainder from the Cape was all bought
in, good and fine ordinary Rio at 41s to 45s per cwt.
COCOA.—For West India deser'ptions the demand
continues very dull, buyers anticipating still lower
prices ; the merchants, however, are not generally dis-
posed to meet their views, and nearly the whole of
582 bags Trinidad offered by public sale was bought
in ; the few lots sold were Is to 2s lower ; fair red was
knocked down at 47s 6d to 48s 6d, fair greyish red at
44s to 46s 6d, and mid to good grey at 42s 6d to 41s per
cwt. Foreign continues in request, and a small parcel
of Caraccas imported from Santa Martha, and of very
fine quality, offered by auction, realized 55s per cwt.
PEPPER.—The public sales to-day consisted of 219 bags
black and 55 bags white; the former sold at akd to 34d
for fair Sumatra, and the latter at 6d to 7d.
RfCE.--At public sale were offered 1,490 bags Bengal
1,030 bags Java and 749 bags Madras, which went off

with better spirit and at 3d advance for Bengal; good
middling to good white went at 123 to 14s; Java and
Madras were nearly all taken in at the full value, viz. at
103 for low white; a few lots low 3 ellow fetched Si per cwt.
PROVISIONS. - Nothing done in old Irish Butter,
and prices are now quite nominal Of Foreign we
have had very large supplies, which have depressed
prices very much ; sales making on the quay to-day in
the finest qualities at 94s to 98a per cwt, with still
a downward tendency. Lard rather more inquired after,
and 70s to 71s obtained for prime Waterford bladdered.
A fair business doing i❑ Bacon landed at full prices, say
56s to 59s for Waterford, and at 54s to 56s for Limerick,
but on board scarcely any sales made.
FRUIT continues as last week ; partial business only
doing for home consumption or exportation.
SPIRITS —There have been a few inquiries after the
finest marks of Jamaica Rum, but in consequence of
these sorts being scarce, the trade aro compelled to
pay full prices; as much as 7s has been paid in a few
instances for superior quality; the lower kinds arc however
neglected, and could only be sold at reduced prices ;
strong Demerara has Lem more in request, and about
100 puns have changed hands at easier prices; 30 to 35
over at 4s to 4s 2d, and 36 to 38 over at 43 3d
to 4s 4d per gallon. Leewards are still dull of sale,
but not lower in price; the sales are about 150 puns proof
to 7 over at 2s 2d to 2s 41, and 11 to 15 over at
23 5d to 2i 7d per gallon. East India Rum continues
in demand, and prices are firmly sustained ; sale; made
in proof strength at Is 6d and some parties are not
now inclined to sell under is 7d per gallon. A parcel of
100 hhds, 27 over proof, has been sold at about is lod or
Is lld per gallon. There is not much business doing in
the Brandy market, but the advanced prices are firmly
maintained. Geneva steady.
Olf.S.—Common Fish Oils have met with a steady
sale since our last, and full prices have been obtained,
indeed, Southern Whale Oil, which is the most inquired
after, has brought a further slight advance, fine pale
having been sold at 27/ to 271 10s per tun, Sperm
Oil maintains the previous value, and a fair demand is
experienced for the article. There has been a reaction in
the demand for Linseed Oil, which has led to advanced
prices ; some large sales were made at 29s to 295 3d,

and the article can now with difficulty be obtained at
29a 6d on the spot. Rape Oil is steady in price, but
with very little demand. Refined is offe:ed at 45s 63

per cwt. Ol:vi Oil still very firm, although not in
brisk request. Palm supports the advance of last week,
and still in request, chiefly for export ; further sales
made privately at about 35s 6d per cwt. Cocoa Nut
Oil maintains previous rates, but there is not much busi-
ness doing : a large parcel of Ceylon was offered at
public sale, and chiefly bought in at 34s to 38s per cwt, in
casks and tanks.

TALLOW.—Tho demand for St. Petersburg Yellow
Candle Tallow has continued slack, and the transac-

ions have again been confined to ' the wants of the

trade ; the holders however, who arc almost confined
to a few wealthy speculators, still hold up the prices, and
fine P. Y. Candle ha 3 been quoted through the week at
about 47s 94 to 483 per cwt ; the market now appears to
be drooping, and there are sellers for delivery in all the
reit month at 47s 64 per cat, with few takers. South
American, Odessa, &c., are still taken by the trade at re-
latively easy prices.
This afternoon the market remained steady at 47s 94 to
48s on the spa. and at 48s 3d to 485 64 for delivery in the
last three months. A parcel of South American Tallow
was offered at public sale, consisting of 30 pps 418 serons,
which chiefly found buyers at from 41s 6d to 453 9d per
cat, according to quality.

Government have it in contemplation to repeal
the PawnbrAing Act, and in every lccality in Ireland to
substitute Loan Funds, by which the poor will be accom-
modated with sums from 2F. 6d. upwards.—Limerich
Chronicle.

THE SCHOOLMASTER WANTED.-A man
and his wife were brought to the station on Thursday on
suspicion of felony. The charge against the man was entered,
" on suspicion of felony," and against his wife as " acacary
to the above.— Tyne Mercury.