The Sun.
London, England, 1841-06-08 00:00:00

MONEY MARKET and CITY NEWS.

THE MORNING PAPERS OF Tins DAY.
CH/tONICLE.—The funds have been flat to-day, and bu
siness limited.

The chief cause of the drooping state of Spanish Stock is
the fall in Paris and Hamburgh, and the wretchedly low po-
sition of the Spanish Exchequer. It is surprising that the Re-
gent has not by this time evinced some proof of his usual judg-
ment, by adopting some practical course of financial reform.
The premium given to-day on the Britannia at Lloyd's was,
we understand, seventeen guineas per cent.
POST.—The tea market assumed today= a more important
and intelligible position than it had done at any time since
the arrival of the last overland mail from India and Canton.
The trade have now had more time to digest and reflect on the
news, and to see pretty clearly the dilemma in which the weak
agent of a weak Administration has placed them. The advance
of du- British forces to Canton has proved, as we find from Sir
G. I3remer's despatch, the signal for the removal of the tea
arid silk collected there; and, as it is quite evident that our
troops will not venture into the interior of the empire, or the
natives dare, to judge from their late conduct at Chusan, to

violate the laws by bringing down supplies, an indefinite time
must elapse before the first shipments can be calculated upon.
The dealers who have kept out of stock in the anticipation of
an amicable arrangement are, accordingly, now running the
gauntlet with the speculators who have been beforehand with
them. They were to-day buyers of the common black leaf at
2s. Id. to 2s. 2d. per lb. The speculators have been active
also, and a very extensive business was done at a general ad-
vance of Id. per lb. on Saturday's prices.
SUN.—The mercantile advices from America give the
following statement of the trade of the Pennsylvania
Canal during the month of April
Boats sailed. Tonnage Dollars
lbs. freight.
1841 . •
1840

Increase ... 75 4,095,119 1,493
The public securities were in a dull, but not exactly
depressed condition. The principal sale to-day wal in
Reduced Three-and-a-Half per Cents. to the amount of
25,0001. This security receded in consequence from
978 to 97i1- ; there was an effort by the jobbers to coun-
teract the effect of the sale, which by the bye was not
altogether successful, owing to the extreme and sudden
scarcity of money. It was but on Saturday that accom-
modation was obtainable on comparatively easy terms,
and the alteration to-day is only to be ascribed to ru-
mours in circulation of an intended immediate dissolution
of Parliament. Consols for money were 908 to 894, and
for Account, ex-dividend, 88k to 89. Exchequer Bills
were 8 to 6 premium, India Stock for the opening, was
at 248 without the interest, Bank Stock receded from

170 to 169, and the Reduced Three per Cents. brought
88 to 881-,.
In the Foreign Stocks there was very little business,
and prices were heavy. The Active Spanish Bonds
realised 23i to 231, the Deferred 11i, the Portuguese
Three per Cents. 201, Colombian of 1824, 211, Mexican
271, and Danish 77-a to 7711, these were all a shad;;
lower. French Five per Cent. Rentes, however, im-
proved from 114 f. 25c. to 115 f., and Dutch Two-and-a
Half per Cents. from 521 to 521 -a.
Railway Shares ranged also rather lower, the sales
predominating. The most current quotations were for
the Great Western 281, the New 134 to 14, the Fifths
7, the London and Birmingham New 22,i, the South
Western 161, and the North Midland Thirds premium.
Brighton were done at 441, the Midland Counties at 12,
and the South Eastern at 18* discount. London and
Westminster Bank New Shares realised 1 premium.

SPORTING INTELLIGENCE.

TATTERSALL'S......YESTERDAY

The unsettled Derby account, to whichren;de allusion in
our last, continues to agitate the racing world ; several parties
still decline paying, and, we understand, will be summoned
before the Stewards of the Club in the course of a few days.
Tke ease is altogether a new one, and will no doubt lead to
some alterations in the laws.

In the mean time, betting is almost at a stand still : the en-
gagements made yesterday afternoon have resolved themselves
into the following brief account:—

ASCOT CUP.

6 to 4 agst Mr. Rarnsay's Lanercost—takon, and after.
wards offered
2 to 1 agst Mr. Ridsdale's Bloomsbury—take 5 to 2
7 to 2 agst Mr. Pettit's St. Francis
6 to 1 agst Duke of Rutland's Flambeau
ST. LEGER.
5 to 2 agst Mr. Rawlinson's Coronation—taken
15 to 1 agst Mr. Ferguson's Tareaway—taken, and after-
wards offered
18 to 1 agst Sir W. Milner's Osberton
500 even, and 600 to 500 on Scott's lot agst Coronation—t
DERBY, 1842.
30 to 1 agst Mr. Sadler's Mule—taken
33 to 1 agst Lord Verulam's Colt
35 to 1 agst Sir. Etwall's Palladium—taken

MANCHESTER RACES.—SATURDAY.
The Hurdle Sweepstakes of 5 sovs. each, and 40 added ; 4 yrs
lOst, 5 prs list, 6 yrs list 61b, and aged 11 st Bib; winners
*once 51b, twice 71b, thrice or more 121 b extra; thorough..
bred 51b extra. Heats thrice round over six hurdles, four
feet high, in each heat. (Seven Subs.)
Mr. Barker's br g Sam Weller, aged (Owner) 1 1
Mr. Peace's b g Defence, aged
Mr. James's St. Valentine, 4 yrs
Mr. Goodwin's Mischief, aged ...
Mr. Thompson's December, aged 0 dr
The Innkeeper's Purse of 501., added to a Handicap Stake •
5 sovs. each. Mile and quarter heats. (Eight Subs. )
Mr. Allen's Moleskin, 4 yrs, 7st 101b...(Cartvvright) 1 0 1
Mr. Milner's Humphrey, 6 yrs, 9st..
Mr. Ogden's St. Leonard, 6 yrs, 7st 81b
Mr. Thompson's fby The Mole, out of Fenella, 3 yrs 3 3 dr
Lord Eglinton's Amulet, 4 vrs, 7,:t 121 b
Mr. Flintoff's Prudence, 6 yrs, Bst 31b
Mr Sandilands' Easingwold, 5 yrs, Bst 101 b ...
Mr. Robinson's Nebuchadnezzar, 3 yrs, Est 41b

CORN.

THE POOR MAN'S HONEST EXPOSTULATION.

TO THE EDITOR OF THE SUN.

Sin,—Wheat, barley, oats, or grain of all kinds,
should never be taxed—growing or coming from where
' it may—because it is the chief article necessary to man's
stbsistence, and the staff of life.
Above all other produce, grain may be viewed as most
dependent on the gracious and propitious Providence
from the time it is sown unto the time it is housed in the
garner. When through stress and inclemency of the
weather, or an adverse season, scarcity happens in our
country, whilst another is blessed with prosperity and
abundance of corn—looking upon mankind as one vast
family—why should any tax at all be levied on our
neighbour who comes to our relief and would pour
plenty into our lap ?
Alas, alas why not acknowledge the earth as sha
really is—even the mother of us all—recollecting, at the
same time, that the God of nature is our universal Sove-
reign ?—then we should enjoy all our mother would
give, and our kind grandmother indulge us with freely,
front whatever quarter it might come, under tho whole
canopy of heaven.

Property may be taxed to pay right wages unto all
who support and labour for the good of the community ;
but the wages of a poor man should never be taxed, di-
rectly nor indirectly. Taxing his bread is, however,
taxing his wages in a subtle and' iniquitous manner,
since the best part of his wages go for bread for the main-
tenance of himself and family.
If the rich or the wealthy landowners and farmers
want protection, let them protect themselves by taxing
all their luxuries and superfluities if they choose ; but
never dare any more to tax the poor man's necessities,
and his very life's blood, as they have done hitherto, by
taxing the Corn !

Since famine, or scarcity, has always been rightly con-
sidered a curse, and plenty, or abundance, a blessing ;
since the Sovereign of the universe pronounces " a curse
on him that withholdeth or dealeth not out the corn,"
may our rulers open their eyes whilst it is yet time, and,
by granting free trade in grain of every kind, they shall
not only stop murmuring and discontent, but cause loyalty
and gladness to spring up in the hearts of all the poor of
all grades. Moreover, even all the manufacturers will
sing for joy to see their stuffs and merchandise fill up
the vessels that shall have unloaded their corn.

Yea, let only an equitable rule of proportion pervade,
and be applied to, all ranks and grades in the expenditure
of the country, instead of pride and covetousness, the off-
springs of the demon of ambition, then " enough will be
found for all, enough for each, enough for evermore."
Guernsey, 'gay 31, 1841. D.