The Sun.
London, England, 1847-01-23 00:00:00

NEW AND INTERESTING
BOOKS OF TRAVELS;
Just Published by Mr. COLBURN.
I.

HOCIIELAGA ; or, England in the New World. Edited by
ELIOT WARBURTON, Esq. Second Edition, 2 vols., 21s. bound.

TILE CRESCENT AND THE CROSS. By ELIOT WARBUR-
TON, Esq. Sixth Edition, 2 vols., with Illustrations, 21s. bound,

TRAVELS IN ALGERIA. By Viscount FIELDING and
Captain KEIiNEDY. 2 vols., with Illustrations, 21s. bound.

CANADA AND THE CANADIANS, In 1846. By Lientenanl
Colonel Sir RICHARD BONNYCASTLE. 2 vols., 21s. bound.

TRAVELS AND TRAVELLERS. By Mrs. TROLLOPE. 2
vols., 20s. bound.

PETERSBURGH AND mosCciiv; a Visit to the Court of the
Czar. By R. S. BOURKE, Esq,_2 vols, 21s. bound.

VII.
THE SEVEN YEARS' TRAVELS LET THE EAST of LADY
HESTER STANHOPE, forming the completion of her Memoirs.
3 vols., with Illustrations, 31s. 6d. bound.
VIII.
REVELATIONS of SPAIN in 1846. By T. 31. HUGHES, Esq.
Secdnd Edition. 2 vols., 21s. bound.

Ix.
ECHOES from the BACK WOODS ; or, Sketches of Transatlantic
Life. By Captain LAVINGE. 2 vols., with Illustrations, 215.,
bound.

Y.
REVELATIONS of RUSSIA in 1846. By Au English Resident.
Third Edition, with Additional Notes. 2 vols., with Illustrations,
215., bound.

THREE YEARS in CONSTANTINOPLE ; or, Domestic Manners
of the Turks. By CHARLES WHITE, Esq. Second, and Cheaper
Edition. In 3 vols., with 34 Illustrations, 245., bound.

RUSSIA, under the AUTOCRAT NICHOLAS I. By IVAN
GOLOVINE, a Russian Subject. 2 vols., with Portrait of the
Emperor, 215., bound.
Henry Colburn, Publisher, 13, Great Marlborough-street.
Orders received by all Booksellers.

PRESENT STATE OF PORTUGAL.
Just ready, in 2 vols., 21s. bound,
AN OVERLAND
JOURNEY TO LISBON,
AT TIIE CLOSE OF 1846.
With a Picture of the Actual state of
SPAIN AND PORTUGAL.
By T. M. HUGHES, Esq.
Author of " Revelations of Spain."
Henry Colburn, Publisher, 13, Great Marlborough-street.

the Indus, which its possession affords, we had a re-
markable instance twelve months since, on the break-
ing out of the Seikh war. Had not Sir CHARLES
NAPIER been in. Sinde, at the head of a British
force, a much greater number of Seikh troops
would have been at Moodkee, Ferozeahab,
Alliwal, and Sobraon; but as the British had posses-
sion of Sinde, the Seikhs were unable to concentrate
all their forces on the Sutlej. We, however, utterly
deny the assertion that the revenue of Sinde is insuf-
ficient to defray the expenses of its maintenance
as a British possession ; and when the items
of expenditure shall be made known, and the
account dissected, it will be found that not only
has there been no actual deficiency in the re-
venue of Sinde, but that in reality it has yielded a sur-
plus every year since it has been a British possession.
Of its importance as opening up to British enterprise
the commerce of Central Asia by means of the Indus
and its numerous tributary streams, there can be no
doubt whatever; and whether we consider the sub-
ject in a military, a financial, or a commercial point
of view, we are equally satisfied of the immense
value of the splendid possession which has been con-
ferred on his country by the hero of Meanee and
Hyderabad.

Ireland are being accepted by the popular representa-
tives. This commendation must in simple justice
be passed upon the leaders of the Protectionist Oppo-
sition, that they are evincing every readiness to
forego anything relating to the exclusive interests of
their own party which might impede the movements
of the present Administration in coping with the
difficulties arising from the apparent scarcity of
provisions. In acting thus, they are virtually acknow-
ledging that the calamities existing in various
portions of the United Kingdoms are so alarming in
their character as to render any protracted display of
hostility a heinous offence on the part of the dissen-
tients, and at the same moment they are showing
that a suspicion has at length crept upon their minds
that their capacity for opposition is too much embar-
rassed to be effectual. Their present quiescence is a
bitter pill, which they are endeavouring to swallow
with the best grace possible. Our opinion, however,
as to the honesty of these agrarian gentlemen is ex-
pressed elsewhere : we shall restrict ourselves in this
place to a consideration of the progress of the Minis-
terial measures introduced by Lord J. RUSSELL and his
colleagues for the purpose of assuaging the sorrows of
the starving population.
Immediately the motion for a temporary suspension
of the corn and navigation laws was laid before the
Committee by the Prime Minister, it was unani-
mously accepted by the Legislators, although pecu-
liarly unpalatable in many instances. This accept-
ance by the Monopolists, however, was scarcely so
much a graceful concession as it was a stubborn
necessity. What had been granted five separate
times by the Legislature since 1755 could hardly be
refused upon the sixth application. Honourable
Members could scarcely be afflicted with such pre-
posterous foolhardiness, as to render their names
execrable to a multitude stricken by famine, by
obstructing a temporary enactment merely because
it clashed with their theories of political economy.
The consequence was obvious. The Bills for the
suspension of the laws relating to corn and navi-
gation were forwarded one stage on the very evening
of their introduction. Another step has been taken
towards the diwunition of the sufferings arising
from the dearth in Ireland and Scotland. In fulfil-
ment of the intimation contained in the Speech from
the Throne, the Government has proposed the removal
of all difficulties as to the employment of sugar and
molasses in brewing and distillation. The Chancellor
of the Exchequer has explained his ideas upon
this question to the House of Commons, and the latter
in Committee has expressed no definite opposition to the
Ministerial scheme. It is true that Lord GEORGE
BENTINCR. has intimated his intention to propose an
amendment to the effect that the measure shall not
be permanent; but that interposition, we take it, is
merely pro forme( ; the Noble Lord cannot assuredly
be solicitous to render himself the opprobrium of
the million by a hopeless interruption of the business
of the Legislature. The reduction proposed by the
Chancellor of the Exchequer is of a singular
and unusual character; it is a reduction
which, while it will tend to the alleviation of very
considerable distress, must inevitably, as far as human
calculations can foresee, conduce to the enhancement,
instead of the reduction, of the revenue. It is a re-
duction, moreover, based upon experience. From the
recent diminution of the duty upon rum, sugar, and
molasses, it was anticipated that there would be
a deficiency of between 300,0001. and 400,000/. ;
whereas the balance-sheet has shown an in-
crease beyond even the most sanguine anti.
cipations of Sir ROBERT PEEL. It is not ex-
pected, however, that the reduction of duties
upon these articles will materially affect the use of
malt and barley in distillation : it will only afford
brewers and distillers a resource in the shape of
sugar and molasses, when grain has risen to an
exorbitant price. For example—the duty on a quarter
of malt being 21s. Bd., and the duty on a correspond-
ing amount of sugar being 225. 6d., the preference
would naturally be given in times of plenty to the
former as a vast deal more economical. When, how-
ever, as occurred only the other day, barley has risen
to such an extortionate price that the brewers are
compelled either to discontine their malt operations
or to charge an additional penny per pot, the admis-
sion of sugar into those establishments would be a most
appreciable advantage. The benefit therefore accruing
from the measures proposed by Sir CHARLES WooD,
cannot so much be the reservation of grain for house-
hold purposes as the ensuring of a sufficient supply
of cheap beer to the population at a reasonable
price. In like manner, upon the equalisation
of the duties upon rum in England, Ire-
land, and Scotland, there must be a certain
balance of supply and consumption—a balance of a
most salutary nature—one poised in such a manner
as to ensure the advantage of the consumers and dis-
tillers, as well as the sensible advancement of the
revenue. With this proposition the good labour of
the Administration for the diminution of the suffer-
ings experienced in Ireland and elsewhere progresses.
We are glad to perceive an energy in the Legislature
commensurate with the difficulties of the emergency.

RAILWAY SHARES BY PUBLIC SALE.
MESSRS. LAMOND and Co., RAILWAY
SHARE AUCTIONEERS, beg to thank their Friends
and the Public for their continued support and patronage, and
to announce that their Public Sales of Railway Shares, &c.,
take place every TITESDAT and FRIDAY. at One o'clock, at the
Hall of Commerce, Threadneedle-street, London, to which place,
favours, cont"int"g instructions (with a reference), are respectfully
requested to be addressed.
All Scrip and Share Certificates must be deposited, the day
orevlous to their being offered; and advices of relate will be
i3rwarded by the first post after the sale, and the proceeds imme-
diately disposed of according to instructions.
Offices. Hall of Commerce, Threadneedle-street. London.

We noticed yesterday that the Duke of Iticn-
MOND took advantage of his trip to Brighton to un-
kennel the Protectionist fox. The same feat was per-
formed last night in the House of Commons by Lord
GEORGE BENTIECK, who declared he had merely
"consented that there should be a truce to all poli-
tical hostilities until the Noble Premier bad settled
the affairs of Ireland." So soon, then, as legislation
shall have done its best, for the time,
with respect to that afflicted portion of the
United Empire, Lord GEORGE will be equally
ready, with his ducal colleague, "to pull off his
gloves," and get up, in right earnest, a political
boxing match. Hence we are perfectly borne out in
the views we expressed, that the calmness which the
Protectionists evinced on the first night of the session
was purely specious ; that the unanimity professed
and observed was completely hollow, and that their
tactics " sprang not from choice, but necessity."
Had the actual features of national distress been less
severe than what we unhappily know them to be,
the Protectionists would have been equally coerced
into adopting the same course. Like every other
political sect, they cannot altogether afford to
fly in the face of public opinion, without some por-
tion of which, however, erroneous the direction it may
take, they must soon cease to exist. Any serious at-
tempt, therefore, on their part to thwart the progress
of the Ministerial measures for alleviating the famine-
stricken population of Ireland and Scotland, whilst
their miseries are so appalling, would have drawn
down upon them the execration of every philanthro-
pist in the empire. And yet every one of these
measures is an useful engine for demolishing the dila-
pilated barriers that remained of their favourite
stronghold of monopoly. No doubt the hope had
been entertained, from the termination of the last
session, that during the long vacation circumstances
would have intervened to justify their offering a fierce
opposition to any proposition that might emanate from
the Government, calculated still further to weaken the
foundations on which the Protectionists delusively
conceived the real interests of agriculture had been
wisely raised. This hope signally failed them. The
revenue has prospered, and corn has realised high
prices, added to which, the stern dictates of nature
have completely baffled all their cabalistic arts. The
people are no longer spell-bound by their self-vaunted
wisdom. In Buckinghamshire, once the se-
lect haunt of agricultural prejudice, the
farmers regard with content the important change
last year wrought in the laws affecting cereal pro-
duce. They care little for the wild apprehensions
for the future engendered in the bewildered brains of
the great feudal proprietary. What is true of Buck-
inghamshire is equally true, for the most part, of the
rest of the country. The power of the Protectionists
is gone, and, considering how mischievously it was
wielded whilst they held it, a greater blessing could
not have been conferred upon the country. The only
power left them last year was that of upsetting a
government. With the completion of this act their
political strength became exhausted. Theirlast signifi-
cant manoeuvre was one of destruction. The pro-
vince of erecting a government will never rest with
the protectionists. So desperate is their condition
and unsettled their principle of action, that they re-'
semble nothing more closely than rats in a sinking
ship. They are in cxtremis, and most amusing it is
to observe how they strut and fret their hour on the
stage. They tell us how valiantly they will fight
before long. In the meanwhile, none are better
aware than themselves that all they consider worth
fighting for is fast slipping from under them.
They mourn over their losses. Under protest, they
part with the several props to their tottering edifice,
gravely assuring us that they mean to have them all
speedily back again. The truth is, they make a
virtue of necessity—they assume a virtue if they
have it not. At the close of the Parliamentary
labours of the past, as well at the commencement of
those of the present year, Sir R. PEEL distinctly in-
timated that he meant to adhere to the same liberal
commercial policy by which he had achieved the de-
feat of the corn-laws. The identical combination
same spirit to de-
velop s,
the and
principles is
animatedof
unrestricted of parties which effected this grand object in 1846,
exist
Protectionists, therefore, stand alone, and are utterly
helpless. They are living monuments of their own
with the
e
folly. For a series of years they have clandestinely
carried on, by means of class legislation, a thriving
trade as the receivers of stolen goods. The trick is
now fully understood. They have been tried and
convicted of larceny against the State. Their present
isolated position
• is the legitimate penalty of their
nefarious practices.

THIRD EDITION OF
“THE SUN."

THE VERY LATEST NEWS
WILL BE FOUND, AS USUAL, IN THE

THIRD EDITION OF ,‘ THE SUN,"

WHICH WILL CONTAIN THE
DEBATES IN BOTH HOUSES OF PARLIAMENT
UP TO THE HOUR OF POST,

THEREBY ANTICIPATING OTHER PAPERS BY
TWELVE HOURS.

STATE OF IRELAND.

A FULL REPORT of LORD JOHN RUSSELL'S
SPEECH, on his bringing under the consideration
of the House the STATE of IRELAND, will be
given on MONDAY, JANUARY 25, in a THIRD
EDITION of " THE SUN."

Without at all entering into the questions in dis-
pute on the subject of Sinde between General NAPLER
and his adversaries, it must be manifest that it is impos-
sible to come to the conclusion that Sinde is an useless
and expensive acquisition until we are informed accu-
rately, not only of the amount expended by the:Govern-
ment in Sinde since it has been a British possession, but
likewise of the manner in which that amount has been
expended. If, for instance, any portion of that
amount has been expended in opening up new routes
of communication between different parts of the
country, so as to give an impetus to the commercial
prosperity of the province, if any portion of that amount
has been expended in the construction or repair of roads,
or in the construction or repair of canals or bridges,
or in the rendering navigable parts of the Indus, or of
any of its branches, such portion of that amount
so expended can no more be put down to the account
of loss, than can the expense of construction of a
railway be put down to the account of loss. In
each case it is capital invested with a view to a
return, and it matters nothing to the argument
whether this investment be a national investment
of national capital—as is the case with many of the
Belgian railroads, and with any public works which
may have been constructed by Sir CHARLES NAPIER
in Sinde—or a private investment of private capital,
as is the case with the railways of England.
The question then arises—has any portion of the
amount expended in Sinde been expended on public
works of this nature ? the answer to which is,
undoubtedly a very considerable part of such amount
has been so expended. For instance, Sir CHARLES
NAPIER has built at Kurrachee a pier two miles long,
e.ttending into deep water; and we happen to know
that on the 20th of November last a commercial
54:earner was actually loading at this pier with goods ;
that she was to take these goods to Sukkur, and to
reach the Indus by a natural inland salt
c: mai, rendered available for navigation by
el igineers employed by Sir CHARLES NAPIER. Kur-
ra pollee, therefore, is now a port, and the first start is
giwen to commerce by the Indus for Central Asia.
S arely it is absurd to put down the cost of the forma-
ti on of this pier, of the rendering navigable this canal,
to•the account of loss by Sinde. It should be put down
to• the capital account, and there is every reason to be-
li eve that it will turn out to be one of the most judi-
ci ons national investments of national capital ever
mad e. But even supposing that such should not be the
c:sse —admitting for the sake of argument that which
is lit )t the fact—that the revenue of Sinde is insuffi-
I to maintain Sinde, is that a valid reason for
givit ig it up ? Is it to be henceforth laid down as a
rule that every British possession, the revenue
deriv ed from which is not sufficient to pay the cost
of it 3 maintenance, as such, is to be at once aban-
done' 1? Does Gibraltar support itself ? Does
Malt a ? Does Heligoland ? Does Aden ? Will
the revenues of Oregon ever pay the ex •
pense sof its colonization ? And yet no one dreams
of pr aposing to relinquish these possessions. Not
twelv e months since we were prepared to go to war
for Oi •egon. It is impossible to apply to possessions
retain ed as great military and naval stations the same
rule 1 hat we apply to colonies, retained for purely
comet ercial purposes ; and that Sinde is a most im-
portal: t military station—that its possession, form-
ing as it does one of the natural frontiers of India—
is abm )lutely essential to the well-being of our Indian
empire is a fact which cannot be denied, Of the iin •
portal ce, in a military point of view, of the possession
of Si% le, and of the command of the navigation of

Madrid papers to the 15th have arrived. They con-
tain no news. The discussion on the Address in the
Senate bad not concluded.
MADRID BOLSA, JArr. 15.—The Three per Cents.
closed at 312 buyers; Five per Cents. 207; Passives, 6:2;
and Coupons, 181.

We have received the Paris papers of Thursday.
The Speech of the Queen of ENGLAND on opening
Parliament on Tuesday, and the speech of M. GUIZOT
in the Chamber of Peers, on the Spanish marriages
which was delivered on Wednesday, are subjects of
comment in all of them.
I!nLiskpeeathkeing
Kingo of
of
the QUEEN'S Speech, the Debats says=
the French, the Queen of Great Britain
mexapinretsasieeseda.
on
iesl le
r '
firm
o e confidencethe
eubjsubject
t that
ef the
eer
Dukepe el af c
we
iotdfhe Ea3luireor
nep
tseepr%evn.
marriage, the Queen expresses
the
which we have only to congratulate two Governments
and the two countries. She confines herself to saying that
this marriage has given rise to a correspondence. It is stated
that at first the intention was to make official mention of
the difference which bad arisen between the two Govern..
ments. We are happy to see that this first idea was not
carried out, and that the language from the royal lips is of
a nature rather to lessen than to aggravate so regretable a
difference."
All the journals speak in terms of the highest com-
mendation of the manner in which the annexation of
Cracow is alluded to in the QUEEN'S Speech. The
Opposition journals contrast it with the language used on
the same subject in the speech of the KING of the FRENCH,
and draw comparasons between M. GUIZOT and Lord
PALMERSTON by no means favourable to the former. This
contrast is rendered still more favourable to Lord PAL.
MERSTON by the speech of M. GUIZOT on the subject of
the Spanish marriages in the Chamber of Peers on
Wednesday. Looked upon as an oratorical display, the
speech is worthy the high reputation of M. GuizoT :
looked upon as an argument in defence of the conduct
of the French Government, it is a confession of conscious
weakness. Throughout the whole speech M. GUIZOT
rests his case on the garbled dispatches which were first
presented to the Chamber. He never once alludes to
the unmutilated dispatches which he was subsequently
forced to produce, and from the beginning to the end of
his speech he neither mentions nor alludes to that which
is the pivot upon which everything in this controversy
turns—LordAnEanEEN's letter to the Duke of SOTOBIAXORI
All
the papers comment on this fact except the Epoque,
the Debate, and the Presse. Another remarkab'e part
in the speech of M. GUIZOT is that in which he asserts
that neither the French Government nor Count
BRESSON were
at all anxious that the Montpensier
marriage should take place contemporaneously with
that of the QUEEN, and that it was only on the sth of
September that Count BRESSON, reluctantly yielding; to
the importunities of the Spanish Government, sanctioned 6
°
this arrangement. What must M. GUIZOT think fh e
intellectual qualifications of those to whom he
cot Id
a statement venture to make such statement? With regardu to
England, he admits that she • •
is dissatisfied, but he thinks
that if, on the one band , the French Government min-

THE SUN, LONDON, SATURDAY, EVENING, JANUARY 23, 1847.

tains its general policy, and, on the other, shows itself
determined to maintain the propriety of what it has
done, and to abstain from all concessions and all ad-
vances, that the dissatisfaction of England will die
away. This is a sounding sentence, meaning
nothing. What is the nature of the general
policy which the French Government is to maintain ?
On the whole, it is manifest that XL GUIZOT has signally
failed to make out his case, that he has shirked the
charge of garbling Lord PALMERSTON'S dispatches, and
has consequently damaged his cause considerably.
A report prevailed on the Paris Bourse that Prince
METTERNICH died on the 15th at Vienna. It was not,
however, generally credited.

The Three per Cents. closed on the Paris Bourse on Thurs-
day at 77f.65c.; the Five per Cents., 117 f. ; the Orleans Rail-
road Shares, 1,215 f. ; Rouen, 875 f. ; Havre, 670 f. ; Great North-
ern, 610 f. ; Avignon, 822 f. 50c. ; Irierzon, 580 f. ; Bordeaux,
543 f. 75c. ; Boulogne, 430 E; Dieppe, 350 f. ; Paris and Stras-
burg, 475 f. ; Tours and Nantes, 475 f. ; Paris and Lyons, 497 f.
50c. ; Lyons and Avignon, 485 f.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JANUARY 22.

Boulogne and Amiens, 14—Dutch Rhenish, 3% —East Indian, %
—Great Indian Peninsular, .'7.4 —0 relit Southern of Madras, %
Luxembourg, 2 —Namur and Liege, 31,i—Northern of France,
11 tif, —Orleans and Bordeaux, 6% —Paris and Lyons, 7—Rouen and
Havre, 25.

MONTY-MARKET.
The distrust prevailing in connexion with the opium spe-
culations has continued to limit the discount and other
transactions of the native community, and whilst money is
at present by no means scarce there can be little doubt that
were this removed, most of what is available would be fully
employed in the regular trade of our market. Subscriptions
to the Five per Cent. Loan are understood to have been
liberal, the latest quotations giving about 80 Lacs as the
amount already subscribed. The paper of the Four per Cent.
Loan has somewhat improved in value, and, as will be seen
by our quotations, it is considerably higher in proportion
than that of the Five per Cent. In other securities there is
little change, with the exception of a slight decline in Bank
shares.

5 per Cent. Loan of 1825-26 ... 1031 r.
4 Ditto ditto 1832-33 ... 4r.
4 Ditto ditto 1835-36 87r.
5 Ditto ditto 1841-42 ... 994 r.
4 Ditto ditto 1842-43 ... 88 to 90c.
Exchange continues at 2s. Oid. to 2s. Oid. We have heard
of a transaction during the week at 2s. Old., but no bills are
to be procured at this rate now. A Government sale of five
lacs on Calcutta took place yesterday,_ averaging rs. 97-13
for bills at 30 days' sight, and further sales being anticipated,
the rate on that place has declined.
The quotations of the day are as follow :—England six
months' sight, 2s. Oid. to 2s. Oid. Calcutta, 60 days' sight,
re. 97. Chino, s.r. 210, nominal.

Banks.—The following are the present rates of Bank
Shares

Bank of Bombay
Oriental Bank, Old Shares 24,
Ditto. ditto, New ditto 2l,
Agra Bank
Commercial -
PRICE OF BULLION.
_
... .

Sovereigns, each
Bank of England Notes, per £ ... ll 0 0

HONEY and COMMERCIAL NEWS
CITY,QUARTER TO THREE.

The sales of Cotton at Liverpool yesterday were only 3,000
bales; the market closing very dull.
At the sale of Railway Shares yesterday, by Messrs. La-
mond and Co., a fair business was done, and prices were
rather lower again. Buyers were anxious to purchase, but
at a considerable reduction. The following are a few of the
paincipal sales :
East Indian ...
Great Western of Bengal 0 7 0
Great Northern ....
Derby, Stafford, and Worcestershire, New 0 10 0
Madrid and Valencia

Ambergate, Nottingham, and Boston
South Yorkshire, Doncaster, and Goole 1 16 6
Direct Northern (scrip) 2 8 0
Eastern Counties, York Extension 4 15 0
Shropshire Union and Canal (scrip)
Paris and Lyons 4 1 0
Reading, Guildford, and Reigate 3 9 0
Buckinghamshire
Noithern Counties Union 1 6 6
There are not any late Colonial arrivals to-clay.
The Exchanges were again lower yesterday afternoon.
The exports of the precious metals this week have been to a
very considerable amount indeed.
An importation of new potatoes has just been entered, ex
the Madrid steamer from Lisbon, and all in a sound state.
The return from the Bank of England for the past week
exhibits a decrease in the notes issued of 326,7651., or to
27,225,335/.
In the Rest there is an increase of 31,435/., or to
3,551,483/.
The public deposits have been diminished by 826,442/. :
or to 5,034,1891.
In the other deposits there is an increase of 554,9891.;
or to 10,339,726/.
In the seven day, and other bills, there is a slight increase.
In the stock of bullion there is a decrease of 359,341/. ;
or to 13,948,681/.
A further decline has taken place to-day in the Funds.
Consols for the account have been done as low as 904, but
thew are now 903;1. Bank Stock has gone back from 205 to
203 M. Exchequer-bills are at 4s. premium, and all the
other national securities are lower. And the tendency is
still to decline, notwithstanding there is a very current be-
lief that the present high prices to be realised will bring for-
ward most abundant supplies of corn of all descriptions.
As to Foreign Stocks little need be said. Mexican Bonds
have been offered at 21M ; the Five per Cent. Spanish. at
22713 to 23 ; the Three per Cents, at 33M ; the Dutch Two-
and-a-Half per Cents. at 561h3j4 ; and the Four per Cent.
Certificates at 901/$ M.
It is very difficult to find buyers for Rail Way Shares.
Prices are lower to-day. All apprehension of difficulties in the
Money-market may be considered as over, as connected with
the deposits for new railways. They have been made, and
without question, the state of Ireland alone excepted, is the
only point upon which there can be a peg to hang an argu-
ment upon to create distrust.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

Bank Stock .. .. • • • 204% 203% 204%
Three per Cent. Reduced Annuities • • 9034 %.74
Three per Cent. Consols Annuities .. • . 903 %I 4 %
New Three-and-a-Quarter per Cent. Anna. 92% %
Long Annuities, Expire Jan. 5, 1860 —
Ditto, 30 years, Jan. 5, 1860 9 5-16
India Stock .. 249
Consols for Account .• 91 901% .x
Exchequer Bills. d. 1% d.
1,000/. ..
5001. • •
Ditto, Small .. • • --
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican, 1837, 5 per Cent
Ditto, for the Account
Spanish Bonds, 5 per Cent. • •
Ditto, for the Account .. 227/, 23
Ditto, Passive Bonds .. 4%
Ditto, Three per Cent .. .. ..
Ditto, for the Account .. • • 33N
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cents. 56% 34
Ditto, for the Account .. 56%
Ditto, 4 per Cent. Certificates 90% %
BUSINESS DONE 1N RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PER SHARE.
Amber., Notting., Boston, & Eastrn Jo. 2%•... 2 % .. to 2
Birmingham and Gloucester • . • .100 .. 127 .. • . to
Ditto New (issued at 7% ens.) • • 17% .• • . 31%.. ••to
I3irminghain and Oxford Junction • • 5 .... 13-%34 • to
Birmingham, Wolver., and Dudley • . 428... • • Q 1.4 p.. • to
Birmingham, Wolver., & Stour Valley 5 .. • • 7 •• .. to
Boston, Stamford, and Birmingham . • 225. •• • • %.•• to
Buckinghamshire • • .. • • .. • • 84s. .. • . par .. • • to
Caledonian .. . • • • •• 30 .... 25% 25 to 25N
Ditto, Half Shares .. .. • • • . 2%.... 134..,. to
Cornwall .. .. • • • • .. 5 .... I .. • • to
Direct Northern Scrip .• .• .... 234 .. • • to
Eastern Counties •• .. • • • • 20 .... 21 14 %.. to 20%
Ditto, New .. • • . • .. .. 14 .... 18%.... to
Do., Perpetual,s per Ct. No.l, 6/. 13s. 4d..... 34 p.. to
Ditto, ditto .. No. 2, 61. 13s. 4d..... % p.. to
Ditto, York Extension . • .. 2 .... 474 34 %to
East Lancashire .. .• .. 14 .... to
Ditto, New .. .. • • .. 5 7% .. • • to
Ditto, ditto, New Scrip .. .. 1 34.... 2N .... to
East Lincolnshire .. 4 .. 514 N..to
Edinburgh and Glasgow .. • • •• 50 .... 72 .... to
Ditto, Quarter Shares .. • • .. 12% .... 17% .... to
Great Northern (London & York Regd) 234 .. 23 1f %x. int. to
Ditto (Direct Northern Regd.) •• 3% —.314 x. int. to
Great Southern and Western (Ireland) 27%.... 27 .. .. to
Great Western .. .. • • • • .. 85 ....121 124.. to 121
Ipswich and Bury St. Edmunds •• 14 .... 11% 12 to 111 N
Leeds and Bradford .. .. •. 35 .... 813414.. to
Leicester and Bedford .. • • • • 16s. .... % dis. to
Leeds and Thirsk • • • • • • 17.% .. • • 143 i .. •.to
Do., do., Preference, 6 per Cent • • 3,. • 4 N .... to
Liverpool, Manch, and Newc. Junct. 2%.... 2 .... to
London and Blackwell • • 161. 13s. 4d. 734 to
London, Brighton, and South Coast .. 50 .. • • 54% to
London and Greenwich .. 12!. 15s. 4d. 934 .... to
London and North-Western . •..100 .. • .191 .•.. to 1901%
Ditto, Quarters .. • • .. • • 2 .... 22 .. • • to 21
London and South-Western 411. Ga. 10d. •• • • 60% .... to
London and York Scrip 2% .... 334.... to
Ditto, Extension. ditto . • .. 2% .... 214.... to
Lynn and Ely • .. • . .. •. 20 .. •• 20 .• .. to al
Manchester and Leeds • - • •• 82 ••• . ••.. to
Ditto, Extension • . • . 425..... 1p••• . to
lianehester, Buxton, and Matlock - • 425.... • % p.. to p
Manchester and Southampton .. .. 2 .. • • 1% .. • • to
Midland •• •• •• •• •• ..100 ..••12034 119 to 121
Ditto, New .. • • • • • • 30 .• .. 35 .. . • to 34%
Ditto, New • • .. • . • . • • 2 ... • 51/2 .... to
Newcastle and Berwick • • • • •• 20 .. • • 3234 .... to
North British .. • • .. •• 25 .. 33% .... to
Ditto, Half Shares • • .. .. • • 11 .... 14/ .. • . to
Ditto, Quarters . • .. 11A .... 3% •. • • to 3
Ditto, Extension • • • • • • . 34 • . 11.4 .. ••to
Ditto, Thirds .. • • .. • • 1 .. ••to
North Staffordshire .. • • • • 5 .. ••7% % % IA to
Royston and Hitchin • . .• • • • • 1% .• .. 1% •. • . to
Scottish Central .. • • • • • • • • 15 .. • . 21% .. • • to
Shrewsbury and Birmingham (A) .. 3 .. • • 3%34 .. to
Ditto, ditto (B) •• • • .. 11A .... 1%%34 to
Shropshire Union . .• •• • • • • 425..... 1 dis... to
South Eastern and Dover • . • - • • 33/.25. 4d. 36% .... to
Ditto. New (do. 331. Gs. Bd.) No. 2• • 12 .. • 13% to
South Yorkshire. Doncaster, & Goole 2 .... .. to
Taw Vale Extension . • • • • . • • 4 •• • • 3% .. •.to
West Riding Union .. • • • • 425.. ••1% % 34 pto
York and Newcastle • . • • .. 25 .• • • 35% -••• to
Ditto, Preference • • • • • • • . 2 .. • • 034% •-to
York and North Midland .. • • 50 •• .. •• .. to
Ditto, Preference .. .. • . 2 .... 111 to
Ditto East and West Riding Extension 5 .... 16% . to
FOREIGN RAILWAYS.
Boulogne and Amiens .. • • .. 18 • • 13% •••• to
Dutch Rhenish .• • . • • 7 •• • • 3% .. • • to
Louvain ala Sambre 6 .... 1% to
Namur end Liege .. • . • . 8 • • 3 .... to 2%
Northern of France .• •• .. •• 8 ••11 N to lON
Orleans and BordeaUX .. 6 •• • • 6 to
Paris and Lyons 8 •• •• %.% to
Sambre and Meuse .. .. • . .. 10 .... 4IA .... 0
JOINT-STOCK BANKS.
London and Westminster • • • • 20 .. • • 25 to
National Provincial of England •• 35 • • 35% .... to -
RI COURSE OF EXCHANGE.—(YESTERDAY.)
Amsterdam 12 4 Gibraltar.. ........
Ditto, at sight .• .... 12 1 Leghorn ..
Rotterdam .... • 2U. 12 4% Genoa .. • ..... •••••• .. 25 90
Antwerp•............. 25 85 Milan ......... .....
Ilamburgh .... • • M.B. 13 1034 Venice
Altona • • — Naples • • • • • • 401
Paris, 3 days' sight .. • • 25 55 Palermo, per os .... 12034
Ditto, 3 months 25 85 Lisbon.... • •
Marseilles • . ..... 25 90 Oporto ..... ••.. • • 54
80urdeaux......... • . 25 90 Rio Janeiro

.. • • 5 4-- pm
• 5--- pm,
• 5 1 - - pm.

204

Frankfort on Maine.... 121
Petersburgh, 3 U 5.... • •
Berlin . .
Vienna, effee.flo• • • • • • 10 5
Trieste, ditto • • .... 10 5
Madrid • • ... ..... .... 355
Cadiz . • ... : • • • • • • 36'A
Bilbao.. • • .• • • • • .. .. • •
Barcelona ••
Seville.. • • • • • • • • . • • ••

Bahia ...
Buenos Ayres ........
New York, 21days' sight
Philadelphia ..... --
PRICES OF BULLION, PEE Or.
Foreign Gold in bars ...£3 17 9
Portugal Gold Coin .. 0 0 0
New Dollars ••. • • • 0 0 0
Spanish Doubloons .. 0 0 0
Silver in bars .... •• • • 0 5 014

LLOYD
IbireleSze,DAY.
l
LONDON, JAN.
hazy weather.
PORTSMOUTH, JAN. 22.—Wind S.S.W.—Acrd. Barreto,
Jun., II uggin, Rio Janeiro. Ski. American Eagle, New York.
OFF THE LIZARD, JAN. 20.—S. and James Bailey, Phila-
delphia.
OFF PENZANCE, JAN. 19.—Wind S.S.E.—Sophia (of
Bremen), River Gambia.
LIVERPOOL, JAN. 22.—Wind S. to S. S.E., moderate.—Arrd.
Ann Baldwin, Farley, Lima; Cosmopolitan, Ambriz, sailed
22d Oct.; Matthew Pearce, White, Laguna; Dalmatia,
Smith, New York. Sld. Argentina, Trotter, Rio Janeiro;
Margaret Skelly, Topping, Bahia ; Philomela, Bell, Trinidad ;
Berlin, Baker, New Orleans; Harry Lorrequer, Jeffares, New
Orleans; Glasgow, Manson Mobile; Ashburton, Howland,
New York. Off port, Isabella, Stewart, Crowe; New Or-
leans, General Parkhill, M‘Kown, Charleston ; Lochinvar,
Westcott, Charleston ; John Ilavenall, Wimbersie, Baltimore ;
Republic, Philadelphia ; Rappahannock, New York; Alexina,
Prince Edward's Island,
DEAL, -JAN. 2, A.m.— Wind N.W. to E.S.E., r.r.t., calm.
—Arrd. Palmyra, Croal, Demerara; Winzer, New Bedford.
Arrived from the River, Lady Katharine Barham, Freeman,
Jamaica; Canellus, Spragrel, Demerara; Marianne, Robin-
son, New Orleans. Ann and Elizabeth, Mott, Philadelphia;
Rajah, Cobb, New York.
LimERICK, JAN. 21.—Wind S.S.W.—SId. Maria, New
York.
OFF BEACITY HEAD, JAN. 17.—Haward, Benison, New
York for Hamburgh. 19th, Belvidere, Ccrk, Charleston for
An twel p ; Shakespeare, Porter, New Yorl,. ,ox ditto,
FAL gym., 22.-I;rind S. to S.S.W port 20th,
Sarah Maria, New Orleans, for London. Arrived Fyn,
Kreuse, Matanzas.
OFF PENZANCE, JAN. 21.—Wind 'S.W.—Fame, Dixo,