The Sun.
London, England, 1841-02-09 00:00:00

LONDON, TLESDAY, FEBRUARY 9, 141.

THE WEATHER.

ROYAL GALLERY OF SCIENCE, ADELAIDE-
STREET.

Nowt, FEB. 9
Barometer 29.72 In.
Thermometer
Ilighest ..... .... 34.5
Lov.est
Wind N.E.—Frtezing Point 32 Deg.

POLITICAL SUMMARY OF THE

MORNING JOURNALS.

The Morning Herald, speaking of Lord Morpeth's
Irish Registration Bill, says, " the principle involved in
its postscript is the principle of Universal Suffrage, thinly
concealed attl covered over with a nominal five pound
qualification.' The Times contains a leading article on
the subject of the New Poor-law Bill, suggested by last
night's debate in the Commons, in the course of which our
Contemporary expresses regret that Sir Robert Peel should
think it expedient to temporize with such a question as
that of the Poor-law, and to give even a colourable sup-
port to the present Government measure. The Morning
Chronicle, in an article on Lord Morpeth's Irish Registra-
tion measure, defines it as a plan which frustrates the in-
sidious design of reducing the representation of Irel'nd to
one vast rotten borough, available for the purposes of
Orange ascendancy and Tory tactics.

MONEY MARKET and CITY NEWS,

(MONDAY IiVENING.)
C HRONIC L E.—There has been some fluctuation to-
day in the English Funds, and a feeling of uneasiness per-
vaded the market, owing to the proceedings of the French
Government. Anxiety is 'Also felt to learn something do.
finite regarding the finances of this country, and the an-
swer of Lord Palmerston to Lord Stanley's expected in-
terrogatory as respects the alleged apprehension of Mr.
Mt Leod by the authorities in the State of New York.
By the over-land mail from India the letters and papers
by which were delivered this morning, we have received
the Bombay Price Current of the 26th of December.
Cotton was in demand, and the market firm at rather ad
vanced prices. The arrivals of opium had been consider-
able, and notwithstanding that a large portion was in ful-
filment of contracts previously made, the market was flat,
prices having declined 10 rupees per chest. China and
Straits produce continued dull of sale, and in other foreign
produce there had been very few transactions.
We have also received a -file of the Canton Register to the
Bth of October inclusive. Her Majesty's ship Cruiser,
from Chusan, arrived off Macao on the 6th Oetober,_and
delivered her letters to her Majesty's ship Columbine, and
immediately proceeded on her voyage- to India, without
waiting for letters. The intelligence brought by the
Cruizer was, that an Imperial Commissioner was on his
way to Canton, invested with imperial powers to arrange
amicably the difficulties between China and Great Britain ;
and that, " corresponding with his progress," Admiral
Elliot was proceeding with the fleet soethward to
meet the Imperial Commissioner in Canton, and to
commence negotiations for the arrangement of affairs.
The Commissioner was expected at Canton about
the end of October. " Lin " bad been placed
under what the Chinese call " examinators" to
investigate his conduct since 10th March, 1839. " Ke-
shen," his successor, is described as being peculiarly bland
in his manners, but as having been an opponent of the
opium trade. The demands said to have been made by
Captain Elliot arc—apology, indemnification for opium,
&c., a possession and an open trade at the northern ports
and towns. The subsequent advises from Chusan to the
24:11 October give nothing of fresh importance. Matters
remained in statu quo. The casualties among the troops
are estimated at ten per diem : they had been housed, or
rather hutted. The Cruizer, we perceive, arrived at
Bombay about the middle of December, and was to sail
immediately again for China, touching at Singapore on
her way, having been sent round for the express purpose
of convoying Sir Hugh Gouch to China.

POST.—The Funds, owYng to the political difficulties
in which the country is felt to be involved, and which are
giving rise to so much public discussion, have fluctuated
considerably. In the horns market the heaviness that
existed in the early part of the day was, however, not so
apparent some hours subsequently.
The cargo of tea imported by the Westtiinster, sunk
off Margate, and about which so much stir has been made,
was sold to-day at prices ranging between 2s. 9d. and 3s.
Bd. per lb., the average being about 3s. 4d. Surprise
was expressed at its fetching so high a value, the duty,
whatever it may be, having, we believe, still to be added.

HERA LD.—Matters remain much the same in the
Home Stocks, the dealers generally looking forward with
a good deal of anxiety to the proceedings in the Commons
this evening, when Lord Stanley into ask his promised
questions of the Foreign Secretary touching the state of
affairs in the United States, and the arrest of Colonel
M'Leod. It is undeniable that considerable excitement
prevails in the City about this business, but the apprehen-
sions lest it may lead to war are lost in the indignation
generally felt at this daring outrage upon a British subject.
In some of the private letters received by the overland
express through India from Macao, it is singularly enough
asserted that the purpose of Admiral Elliot was really
with a view only to gain time, so as to favour certain mer-
cantile operations. The writer of one of these letters,
referring to advices received there from Chusan, states
that " some circumstances and some conversations of the
Admiral at Chusan convince me that his views of the can-
ference at or near Canton, are not for final settlement,, but
probablyto endeavour to get out on amicable terms the. teas
of the season, and recommence final adjustment next spring
near Pekin." The following is the extract from the letter
referred to :
Mr. King, a partner of Russell and Co., agents for
Howqua, and also for Baring, Brothers and Co., went
to Canton in an. inside licensed chop boat two weeks
since. His letters show the state of the river to be her-
metically sealed to any large supplies of teas coming
down, and that by the Chinese themselves. Notwith-
standing, I have' many promises from men engaged in
the outside trade to ship teas on me at a small, advance
of price, where I shall designate. To-day, however, the
scene seems to vary—we have no official advices from
Petchelee through our own people; therefore what I have
to say to you below, you must take upon the evidence
that has been produced to my mind by the Chinese, and
value it accordingly. I believe it to be certain that
an officer from the English Government is at Pekin,
and in communication with the great Emperor;—that
the Emperor has opened the communication from the Bri-
tish Government, conveyed to him, and is highly pleased
with its tone ; —that orders have been sent down all along the
immense coast of China to cease supplying the soldiers
with arms and ammunition. We know that on the 25th
of this month, the public officers in the employ of the
boppe Slid Governor of Canton, did consider the settle-
ment of affairs betwixt England and China on pacific
terms as certain. A curious fact has come out, which it
is believed our British officials do not know anything
about, and it is this. A strict account of the exact duty
levied on every article at the port of Canton has been de-
manded by the great Emperor from the hoppo of Canton,
and the quantities and results. This, we hear, merchants
consider to have arisen out of some representation and
statement in figures given in by our people to the Empe-
ror at Pekin, and as we know that not one-tenth of tho
real duties have ever reached the Imperial treasury, this
comes to be a searching subject of inquiry. It is ascer-
tained that the demands made by the British Commission-
'ors on the Chinese Government did not include any re-
quest for the repayment of the 20,000 chests of opium de-
livered over to Captain Elliot."

SUN.—There was a large business doing in the Funds
to-day, if we go by the number of bargains, though in
point of magnitude the transactions were not of importance.
Before the termination of business, the quotations had ral-
lied to about the highest point of Saturday, viz., 88i to Z-
for Consols for money, and 88k to 89 for the account.
There was no political intelligence to influence the value
of the Funds, which, however, continue affected by the
suspense respecting the intentions of the Chancellor of
the Exchequer. The bills were at 51. to 7s. premium.
Bank Stock was dull at 164, and India Stock at 246. The
Reduced Three per Cents. realized 88i to 894, and the
New Three-and-a-Half per Cents. 97 to 971
The Foreign Stocks were quite neglected. Spanish
Active Stock was marked 23i to 24k; Portuguese New
Five per Cents were at 314 for money, and 314 to 32 for
the account ; the Three per Cents, dropped to 19' for
money, but were at 20 for time ; Mexican Bonds of 1837,
were at 271; Peruvian at 16} to 161 ; Dutch Two-and-a-
Half per Cents were steady at 50.

The Share Market was more animated to-day.
Great Western brought 24 to 241, the Fifths 51 to si; the
Manchester and Leeds 1# to 1 ; the New 1 to 11 ; and
the South Westean, 18i premium ; Brighton Railway
Shares, were at 7 to 71; Birmingham and Gloucester at
191; Eastern Counties at 14i ; North Midland at 25, and
south Eastern at 16 discount ; London and Westminster
Bank Shares were at 4 prem. : and National Bank of
Ireland at 1i discount.