The Sun.
London, England, 1841-01-27 00:00:00

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EVENlNG.l4nriviow.

MONEY MARKET and CITY Nr:Wk).

(TUESDAY EVENINO.
TIMES.—The appearance of the Qui en's Speech in
the City was immediately followed by a:m111 in Consols of
about per cent. This is attributed, in the first place, to
the omission of all mentian of Fiance., bath :n the first
paragraph, alluding generally to relations with fure!gn
Powers, and in the second, which relates especipliy to the
affairs of the Levant. Some persoi,s have expressed an
opinion not only that France; will be indignant at this
omission, but that the design of our Government bits
been thus tacitly to reprove that Power for the ambi-
guous position which she has taken. Such a state of
feeling on both sides being tn..satisfactory as far as
regards the maintenance of peace, a gloom has been
thrown over the money-market, anti the jobbers aro
in great uncertainty what quotations .'o fix. Their on-
easiness is increased by another paragr, VI which has ex-
cited no less attention in the City, and t hot is, the one in
which her Majesty declares that •• however',iensible of the
importance of adhering to the principles of .economy, she
feels it to be her duty to recommend that adequate provi-
sion be made for the exigencies of the pub, is service."
Of this paragraph there can be no other int. "rpretation
than that the m_intenanee of economy is simply n.Aentioned
as a contingency, while the necessity of provisian
ti.)r exi-
gencies is stated as an abscluce fact. Hence there is . 'lP-
prehension that a new loan must form part of the .
and means of the year, and though, front the aspect Of
our finance, the necessity of raising money in son,
way or other has been long ant ci;:ated, Ws de-
claration, together with the omission before mentioned,
seems to have taken the market in general by surprise, if
we may judge from the suddenness of the decline which
took place in a few minutes from the appearance of the
Speech. It has been observed, however, that the market
was in a state that rendered it susceptible, since money had
been rather snore scarce than of late, and money stock had
been brought in for sale. However, there is altogether
no doubt that, making all allowances; the Speech, instead
of gratifying expectation, has awakened uneasiness, and,
to all appearance, even the present price 3 can hardly be
maintained.
Excepting the sales alluded to, the business transacted
in the English funds was small.

POST.—South Western 184- to 19 prem. ; Brighton
61 to dis. ; Blackwall 4 for i dis. per share. The
directors of the Blackwall Company have made a propo-
sition to Government which seems to be a vary praise-
worthy one, and we understand there is every probability
of its being taken advantage of. It is to the stre.,e,t that _
all stCari:lioatsinWirrboutir Ti'iim--Toreign ports iiian
deliver their passengers and luggage at the Company's
wharf at Blackwall,thej (the Company)undertaking to have
covered vans and trains always ready for the conveyance
of them to their warehouses in Feachurch-street.
Government have, it is said, received the proposition fa-
vourably, conceiving that, upon the plan pointed out, an
immense deal of the smuggling which i; now carried on
by travellers by steam-vessels may be prevented. Tho
intention is to have officers always ready at the terminus
for the immediate searching and passing of the luggage,
by which means at least twu hours may be saved, in com-
parison with the time consumed under the present system.
Another most material benefit will be derived from the
change. The extortions and abuse of wstermen, porters,
and petty Custom-house officers and hangers-on of vari •
ous descriptions will be put an end to. There seems to be
no reason why the passengers generally by vessels coming
from foreign places may not voluntarily fall into the measure.

SUN—There was a deal ut curiosity in the City to-day
to ascertain the tenor of the Queen's Speech, which,
however, caused some disappointment to those who ex-
pected allusions to France and Ireland. From the
passage referring to the exigencies of the kingdom, a
new loan is thought to be hinted at.
Consols for present transfer were marked upon the
opening of the Market at 891 to 90 for Money, and
901 to if for Account ; but there was not much business
done at. these quotations ; and after the delivery of
her Majesty's Speech some of the jobbers took occa-
sion to depress the Market a little upon the pretext of
its unfavourable tenor. The business transacted was
on the whole insignificant. The closing quotations were
rather lower ; viz., 89a for Money, and 894 for Ac-
count ; Exchequer Bills were at 3s. to 85. prem. ; and
India Bonds at 57. dis. ; Bank Stock realised 1684 to
169 f ; and the New Three-and-a-Half per Cents.
brought 98 to
There was a failure in the bristle and feather trade
to-day, and intelligence was also received of the stop-
page of a manufacturing establishment in Scotland,
said to be in connection with Messrs. Garry and Curtis.
The Foreign Stocks were rather more dealt in :
Spanish Active Bonds were at a decline from 25 to
24a to 244, and the Deferred were at 121 to 12g.'
The Portuguese New Five per Cents. brought 32if to
, and the Three per Cents. 20f. Colombian Bonds
of 1824 were depressed to 24 to I, and Mexican of
1837 to 281. Peruvian were not higher than 158-.
Brazilian ranged from 73f to 74, and Buenos Ayres
were at 22 to 21±. Belgian Bonds were at 984, and
Dutch Two-and-a-Half per Cents. at 50a.
_ _

The Share Market was dull, but the few sales .ef-
fected were at the previous rates ; and as regards the
shares of the Birmingham line of railway, at an advance
of 2/. to 71. per share, the quotations for the origi-
nal shares being 87 to 92, and for the quarter
24 to 26 premium. The Great Western new shares
were at 13, and the South-Western at to 18i
premium ; Brighton shares were 61 to 6f, ; Birming•
ham and Gloucester 20, and Eastern Counties 141
discount. Australaeia New Bank Shares were I I pre-
mium ; London and Westminster Bank 41 premium ;
and Union of Australia, New, 6 premium.
The Foreign Exchanges continue; rather heavy.
This afternoon the rates were as follow :—Paris 25f.
52:1e. to 57ie. ; Amsterdam 12 21 ; Antwerp 12 21;
Hamburg!' 13 7 to 6:11; Frankfort 148 f ; and Trieste
10 2 to 3.

The following is the official return of the Exports of
Bullion from the Port of London for the week ending
'Thursday last :

Silver Coin to Swan River B,OOO oz.
Calais ..... 137,000 oz.
Gibraltar 4,000 oz.

SPIRIT of the PUBLIC JOURNAL S.

FROM THE MORNING PAPERS OF THIS DAY.
(From the Morning Chronicle.)
In the House of Lords the Address was agreed to with-
out any amendment. Lord Brougham, however, con-
demned the Eastern policy of the Government ; which
was, on the other hand, strenuously vindicated by the Duke
of Wellington. Frost one part of his Grace's speech the
best effects may be expected, nut merely in France, but
throughout Europe. It has been sedulously instilled into
the French that the integrity of their country is in danger
from a coalition of the great Powers ; and when we find
men like M. Rcmusat—a member of the late Cabinet—
declaring that in all the military schools of Europe, a
theme was given to students, and with it a plan of France,
that the students might draw up a composition, detail-
ing a plan for marching upon Paris, we can hardly
wonder that a belief in the existence of coalitions
for the purpose of partition should, to a certain ex-
tent, have taken possession of the public mind. The
Duke of Wellington, who may be considered as one
of the most influential organs of the Tories, and
whose position as a former minister of the Crown,
and its representative at several Congresses, stamps a pe-
culiar value on his testimony, declared most earnestly that
he considered the integrity of France of the utmost im-
portance to the balance of power in Europe ; and that on
all occasions when he was called on to deliver his senti-
ments he had expressed this opinion, and strenuously
opposed every proposition which in any way tended to im-
pair the power and just influence of that kingdom. We have
again and again expressed it as our conviction that the
sentiments of the Duke of Wellington on this subject are
shared by the great body of Englishmen, and that, how-
ever much they might be inclined to resist any am-
bitious attempts of the French against the peace of Eu-
rope, they would be no less inclined to oppose any
project for dismembering France. We cordially agree, wog
with Lord Brougham, that there cannot be a greater error
than to suppoie that the people of this country had over
for an instant felt indifferent to a policy which threatenedwar
with France, or indifferent to the incalculable blessings of
maintaining peace with that nation. We only differ with
the Noble and Learned Lord as to the course of plicy best
calculated to maintain the peace of Europe and a good
understanding between this country and France. In the
House of Commons the policy of Ministers relative to
the Levant was discussed at greater length. The ace
count of the discussion will be read with delight by the
enlightened friends of peace, not in this country only, but
throughout Europe. Those who might have entertained
doubts whether Lord Palmerston was justifiedin the
polio} which lel to the Treaty of the loth of July, will
answered the . objections urged
find their doubts iernovcd in the speech of Lord. John Rus-
;iprucomnhcpcili";ll,ctilgyhbours will perceive that in every
waswintihaniFf,erastneeds.furTthhies
Here, too,. as in. the House of
saLegolal:idnss:tc hotouh
ra that
the speech of Sir R.
I.frailennide.rsis'tlopn. Those who approve
cinly'otfohfapteo:lic Ministers s With regard to Turkey, and
anxiety
smnous
tt elv.eisdse
on
bt ajuxstoitny
popfreeetshle,ertvi;a3aot
those who condemn it, are equally anxious that we should
be on friendly terms with France. However much we may
differ from the policy advocated by Mr. Grote, whose
reasoning, in general, was anything but con-
clusive, and whatever we may think of the rambling falla-
cies of Mr. Hume, we cordially share their anxiety to
convince our French neighbours that towards them, as a
nation, the people of England entertain sentiments of high
respect and sincere friendship. The good sense of Eng-
land revolts at the idea of any diminution of the good un-
derstanding with France ; and, with all whose opinions are
of any value, the conviction prevails that no calamity could
be greater than the estrangement of the people of France
from ourselves. The English nation are too much alive
to their true interests to wish France less powerful, less
prosperous, and less influential than she now is. The
peace of the world and the liberties of Europe are bound
up with the greatness and independence of France. It is
of the utmost importance that no cloud should hang over the
relations between the two countries. If we wish that
France and England should go hand in hand in the
course of improvement—that a friendly intercourse, calcu-
lated to advance the interest and happiness of both coun-
ts ies should be continued—we must show ourselves supe-
rior to petty jealousies, and to whatever tends to foment
an unseeedk strife. There is assuredly no wish in this
country to obtain unfair advantages over France ; and when
our neighbours become persuaded, as ere long they must,
that feelings of injustice or unkindness towards them have
no place in England, the happiest results may confidently
be anticipated. Mr. Hume did not press the amement,
which he moved, to a division, the Honourable Gentleman
having very frankly admitted that be could at most expect