The Sun.
London, England, 1841-01-09 00:00:00

Stock, Jan. 1. Arrivals in
the Year.

1840.-67,000 bales 376,156
1839.-33,800 265,243

1838.-33,000 - I 295,246

Consump- Stock
tion. j Dec. 31.

356,156 77,000
242,043 I 57,000
292,746 35.500

So that, es will be seen, stocks have increased, but con
sumption has rateably increased also. As the amount c
cotton manufactured goods exported from France is com.
paratively inconsiderable, and chiefly confined to the sup-
ply of the colonies, these returns show a very advantageous
state of internal improvement in the condition of industry
and the industrial classes of France.

TIMES.---The state of the speculations in tea form a
topic of considerable interest in the City, purchases of
an immense amount having accumulated a correspond-
ing stock in a few hands under the impression that the
dispute with the Chinese must inevitably diminiah
supply, and cause a much further advance in the te-e'
of the article. Besides the great capitalists who hold
stock, there exists a herd of smaller speculators who
buy and sell without touching stock of any kind, imitatine
the speculators of the Stock-Exchange in making time
bargains, and further in giving the technical name of
" Comets" to the article principelly dedt in, which is
the Company's cnngou. Among the greater part of
these the course of speculation has been for the rise, and
'fleece may be imagined the dismay which has spread
among them on the receipt of the last news brought
from China by the India mail, nod which, unless
some untoward incident interposes, must necessarily lead
to a large additional supply. On the existing prices
• witheut sueh addition, the news has already had a con-
eLf,..ct. The thy before the e.rrival U 1 tile mail
the !eke of " Tea Consols" wee 2.11 the lb. ; en the c!a:,
of the arrival the fir,t fill was 1. eA,-, afterwards to 1 ti
reel it 1.-ft off on that day at 1.741. Orb the following dey.
after having been at 1.8, it left cti at 1.71 to A. Seine of
the broken; anticipate that it will fall much lower still.
but others, with greater confidence, and with the know
ledge that the great bulk of the supply is held by capitalists
of great wealth and resources, who well not attempt to sell
at the preheat reduction, predict that there will be a ma-
terial recovery from the present depression. With this,
howeverewe have no concern, the seleobject being to give
the prominent features of this as a remarkable piece of
" city intelligence."

The experienced brokers, and who are to he depended
on, say that the sack of tea in the country is riot much
under 50,000 OCOlb., which is equal to aboet a year arid e
halre coesumption, and hence it seems pretty clear, as
circumstance partly overlooked by the great leaders of the
tea speculation, who ought to have been better intoimed,
that notwithstandi :g the apparent stoppage of the trade,
the importations of the article have been kep' up at a rate
not much inferior to that of a period of amicable reletione
with the Chinese. Out of this, ie the way of carriers at
least, a eplendid harvest must have been reaped by the
Americans. The difference in value of the above stock.
which m,y appear to constitute the actual loss of the
speculators, it forced to a sale by the inability to
hold on, wit' be nearly 25 I:er cent., or about 1,250,000/.,
but it is to he considered that only a portion of the
purchases have been made at 'the high prices which
preceded the arrival of the India mail, and that they have
commenced at prices not much above the present decline,
so that on balance the parties may not be in so very dis.
advantageous a position, though they have suffered oppor.
tunitiee of realizing to slip by them which may net return
for a very long time. The existing stock is no:, of course,
that of London alone, but embraces the whole kingdom,
thought it is estimated that nearly three-fourths is held in
London, and in few hands, as before stated, of whose abi-
lity to sustain it no doubt is entertained. Among the
smaller speculators, the makers of " time bargains," much
mischief is likely to occur, but of a nature not to be heard
of out of that immediate circle, nor to create any public
interest whatever. The retail dealers of London are be-
lieved pretty generally to have kept themselves out
of the vortex of speculation, and also to have avoided
any large accumulation of stock, buying, as it is
termed, from hand to hand, under a different im-
pression from that of the great speculators, and
believing that the prices could not be maintained. The,
great question with the large holders now is whether the
retail dealers will proceed to take in stock freely, or ad-
here to the same cautious policy, in the expectation of a
still greater fall in prices. That consumption must be in-
creased by the decline among private families is tolerably
certain, as the fact is well known that it had very much
fallen off during the last year, in consequence of the ad-
vance of pr:ee. This is, as near as may be, the present
situation of the great " tea speculation."

A rumour era; current in the City to-day, originating',
probably, in this trade, that Government hare, on the re-
' presentation of the parties concerned, allowed the tea sunk
in the Westminster, off Margate, a short time since, to be
delivered for the purpose of having the salt water washed
cut, arid then to have it kiln-dried. The thing is not very
likely, as it is not very cbrious how the public are to be
protected from the mixture of en article thus damaged
with that of abetter kind, and it may be doubted whether
any process could so purify tea saturated with salt water
as to make it fit for consumption.
The payment of the dividends at the Bank of England
commenced ..o-day, and the same complaints are made ai
on the last occasion, of the great inconvenience to which
the public are subject by having to take their warrants for
several descriptions of steak all at the same office. The
crowd of persons which naturally is collected together o❑
the first day of the F.:.yrnent used to be divided by the
division of the business into departments according to the
number of stocks. Now the only division is according to
the initial letters of the fundholder,' names, end a delay en-
sues whenever a few persons of the same letter come as
holders of different stocks, the ceremony of referring to a
different book having to be repeated on the appearance of
each person. A de ire to give more employment to a
fewer number of hands would seem to have suggested the
alteration ; but that seems scarcely sufficient reason fur a
sacrifice of the public convenience.

SUN.—An alteration took piece in the Foreign Ex-
changes this afternoon, the rate for Bills on Hamburgh
having declined at first to 13 61, though subsequently it
rallied to 13 7,. On Frankfort it improved a shade, viz.
to 148} to 1, but on Trieste it fell from 10 2,} and 3; to
10 0} and 10 Paris was the same. viz. 25f. 54c. to
;Amsterdam 12 2 to and Antwerp 12 21.
The English Funds have been steady to-day, and money
was rather easier out of doors. Consols fur present dc_
livery ranged from 89j. to 891, and fur the Account from
89a to The latest bargains in each were at 893- to
Exchequer Bills advanced to 9 and 13 prem., and India
Bonds to 5 8 discount. Bank Stock asas 1 to 14 per
cent. highee, viz. 164 to 163.4-, and East India Stock rose
from 242 and 243 to 244. The Reduced Three per
Cent. Annuities were up to £398 and 90,1, the Three-and-
a- Half per Cents. 98;4 to 98k, the New Three-and-a-Half
per Cents. to 97i and 98,1, the Old Three-End-a- Half
Fr Cents. to 981, and the Lon; Annuities 13 1.16 to
8.
I But a limited business has been done in the Foreign
Stocks to.day, and any fluctuations that have taken place,
were the result of precious operacon3.
The Active Spanish bonds :tiled about previous rates
to-day, 24,4 to 241 for money, sod to 2-1 i for the
account. Portuguese New Five per Cents. touched 32
and 324, but at this advance there were scarcely any bar-
gains effected. Colombian Stock of 1824 was a little
better, viz., 24 to 231, and Mexican of 1837 was marked
to 28 Russian Bonds got up to 113 and 113.1
29 :41.
rißiwelog.iaannci per Cents. were firm at 98i, and Dutch
sbsrchuugolyttasn
(t)?.and prices‘ had a
19g :premium. mium Brighton
Half
to decline. Great Western Railway left
The -F:lai ri.fert Cents.was l
GsliTigahtt
3toelnd, eannedySouth este,n at glo e
were 5i discount.

THE NEW ROYA. L EtXCinieANcGdEifie T h.c— may he
h: slid
to of the erection of hii w
to havc., taken place, tr,', on Monday morningib,ratthe unda
serfoen,t e_
workmen commenced hyiing the concrete
, .„
in a 'orrre czcavatrl spot aejaccne to uornont.
.1 e
Coneretc, Which is chicily river b.:llast and ground lirnt,
will be 5 feet deep at an excAvntion of 19 feet, and the
whole bed, when emnpletcd, wdi an area of .170 faet by
:300 feet. The substratum is good, awl no fear can be
entertainNl for the security of the- foUndation. There
cw,reestee,e.6roil:c3;ccdpoienciTinhursday 66 labourers in laying the con-
cleans:ng bricks. 4round.flii,hl7, and 26 occupied in
There are a 30' 120 teams employed in
bringing in ballast.

For some days pa3t, the reather has been Will-
s-I/ally cold, and' the -atnio7phere :ietrned heavily charged.
Thursday mcrning, snow began to fall ; and, durir:g the
6y, there were several heavy 2howerp, with .every
iudici-
non of a set storm.—Aberdeen Herati, Jan. 6.