The Sun.
London, England, 1846-02-16 00:00:00

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LONDON, MONDAY, FEBRUARY 16, 1846.

The intelligence brought by the Hibernia from the United
States possesses no new feature.. Unmeaning debates were
going
on
in
Congress;
more acrimonious
attacks were made day
after day by the
been
nviollent speakers upon England; no
question has yet
corre-
spondent can tell lvtlecided, and no journal or
numerous motions when
there is a chance of
lance a power, and trhesepecting Oregon, the Ba-
in Mr. POLK'S Message being b other topics set —forth
Mr. PA/Cr.:MUM and Mr. Buctraught to a close. Whether
into negotiations we have no information4have again watered
extremely likely that the one may b to show, but it is
in-
structions from England, and that the other ()thee waiting
for
in-
clined to take any new steps till the
)r
.will not be
gress have been more fully ascertained. Indeed we of
Con-
cannot
see how the two negotiators can r,-new the conference.
PRESIDENT declares that America has a right to thece Theo
territory, and that any part of it cannot he given up wiwthhoule
sacrificing the honour and interests of the republic. Both.
Houses appear to have taken their tone from this document,
and, what is more, they have assumed the settlement of the
affair, and almost deprived the Executive of any power to act,
Till they come to some decision, therefore, the people of both
countries must remain in suspense; but, as we have all
along said, the Oregon question is a very small affair.
Mexico, and Texas, and Oalifornia crowd into the scene
much sooner than was anticipated, and judging from the most
correct accounts that can be gathered from the papers, we
may anticipate some serious events in a very brief period
both in Mexico and Texas. The inhabitants, and more
especially the military, are bat little satisfied with the pro-
ceedings of the ex-President HERRICRA; they naturally be-
lieve- that the honour, the rights, and the security of the
country have been sacrificed, that bribery has been prac-
tised in high quarters, and that Texas had been sold to
the Americans, merely to put money into the
pockets
of a few debased Mexicans. Whether it was lost
i
by bribery or • .
mbecility, no one ~ can deny that the whole
transaction is the most disgraceful on record, and that every
man in Mexico of an '
spark of patrotism Independent spirit, and possessing any
, must feel humbled bthe .
a valuable territory and the y
of
such
croaching Americans to the seat or approach of the en.
bail given rise to the sudden revolution eetunent. This feeling
affected by PAILZDES,

and the flame, it appears, burst forth as soon as the arrival of
the American Envoy was made known. On an instant,
meetings of the people, as well as the officers of the army,
were held, and resolutions were adopted denouncing the late
Government for refusing to defend Texas, for setting at defi-
ance the will of the army and people, and for actually treating
with the Minister of the United States for V. e sale of Cali-
fornia as well as Texas. So unanimous and decided was the
movement, that PAREDES had only to dee are himself as a
defender of the nation's rights and honour to be installed as
ruler. The American Envoy upon this retreated, and most
probably has furnished a flaming account to his Government of
the violence displayed, and the warlike movements directed,
against the newly adopted state ; for it appears that the
naval forces in the Gulf of Mexico have been increased, and
the army on the Rio Grande is fully prepared to
act either on the defensive or offensive. Per-
sons who know the intriguing disposition of certain
American agents anticipated some such result. The
incessant negotiations carried on at Mexico gave rise to
just suspicions that an amicable settlement was not the
paint aimed at, but that demands were to be made and in-
sisted upon which the Mexicans could not submit to,
in order that they might be excited to' violence.
and commit some acts which would justify the
United States in fighting, not for Texas, but
for Mexico itself. They have gained their object as far as
this point is considered, but we confidently believe that they
have overshot the mark. England and France with the
greatest reluctance yielded to the resolution of the
Texan Congress by which they united the country
to America. They had no other resource, because they
had acknowledged the independence of Texas ; but
affairs now assume a different shape. A war between the
United States and Mexico is a matter of no ordinary occur-
rence for them, and Mr. POLK and General CASS will pro-
bably soon find that their favourite and selfish doctrine of
"non-interference" will be practically as well as virtually set
at nought.

A sense of abstract benevolence, no doubt, first originated
the erection of such establishments as gaols and houses of
correction ; but experience has long proved the fallacy of
such endeavours to retard the extension of crime. The
scheme (and its proposed influence upon national morality)
is essentially theoretical. Time has displayed this with the
most painful distinctness. By punishing the perpetrator of cri-
minal offences, the Legislature has begun amelioration at the
isrong end : hydra-like, the vicious among the population
have started up in succession, as each individual case was
disposed off: the branches were lopped off, but the vegeta-
tion was far from being retarded ; each excretion of crime in
the land was bet another bough to be submitted like its pre-
decessors to the pruning-knife of the judicial courts. The
source of social vice should have been abruncated—the roots
should have been themselves torn away : the cause should have
been eradicated—and the effects would then, both necessarily
and spontaneously have disappeared. Thank GOD ! how-
ever, the malady is now too generally acknowledged to be
much longer screened (by prejudices) against some vigorous
effort at its destruction : thank Goo ! the age of theoretic
philanthrophy has departed, and the present generation
is too practical to content itself with an experimental
alleviation thank GOD ! the very revenues of the
empire are interested in decreasing the extravagant ex-
penses annually incurred by the prevalence of crime. It
must, indeed, be a matter of the most earnest self-congratu-
lation to every individual—and who would not wish to be
classed amongst the number ?—desirous of seeing the disse-
mination of happiness among the poorer classes of the
community in active and permanent operation ; it must,
we repeat, be a matter of earnest self-congratulation
to those individuals that parties influential in the further-
ance of these objects are no longer lying dormant, but are, on
the contrary, using the boldest and manliest exertions to ef-
fect, and that immediately, the regeneration of a debased and
neglected multitude. On Saturday several of these
personages assembled at the Mansion-house, for the
purpose of listening to a proposition which it
was understood would be submitted to their consi-
deration by Mr. CHARLES PEARSON, the City Solicitor; and
although there are a few subordinate points which, in our es-
timation, are scarcely tenable, the conception of that gentle-
man's plan is so excellent, and the details of the statement
are so conclusive, that we trust it may not be too precipi-
tately abandoned. The primary object of the proposed ar-
rangement is the reduction of the number of criminals, and
the medium through which this object should be most effec-
tually attained—the reformation of "Juvenile Offenders." The
sagacity and truth of this deduction must be ostensible: it
is not, in fact, so much the diminution of misery as the
diffusion of blessings : it is not so much the medicine to
heal as the aliment to nourish : it is not so much
a correction of evil as it is an incentive to good. Mr.
PEARSON grounds his arguments as to the necessity that
exists for some measure of this description upon very sub-
stantial bases : he draws his inferences from Parliamentary
returns and documents of a like nature. From the
manner in which he has anatomised these statistical papers
we obtain some most startling and terrible facts as to
the degenerate condition into which the children of the
humbler classes are lapsed : thus we learn ignorance and
penury are more dire and horrible among these luckless crea-
tures than the wildest pictures of fancy could realise ; we learn
that -vice has had a greater ratio of increase than the popu-
lation itself—that one has outstripped the other in
-its grim progress—a fact most hideous in its
consequences—a fact sufficient in itself to impel the question
of some change in our moral code to a settlement, and that
forthwith. When, however, Mr. PEARSON ascribes this ex-
tension of crime among the juvenile portion of the populace
to the " transition fiorn war to peace, or to the substitution of the
new police in lieu of our former Dogberries," or to the "payment
of the prosecutors' expenses out of county rates," rather than
to the torpor into which the intellects of these unhappy
children are permitted to subside through the absence of all
education, or again to the goadings-on of destitution, we must
be permitted, to a certain limit, to differ from him in his con-
clusions. But in ascribing theincrease in a great measure to those
summary convictions by which the magistracy- are now em-
powered to imprison a youthful culprit—(and a culprit, be it
remembered, for some paltry pecadillo)—we fully and em-
phatically coincide with the City Solicitor : we acknowledge
the correctness of his observation that by this baneful practice
"a child becomes acclimated to the atmosphere of a 'gaol,'"
The plan by which Mr. PEAnsox maintains these social
gangrenes might be thoroughly extracted is simple and
feasible enough : he proposes that national asylums be
established, in which children of both sexes shall be clothed,
and fed, and eucatcd, forming a kind of " reformatory
establishment, surrounded with appliances for mental, moral,
religious, and industrial training." He proposes that these
places should be constructed "on the line of the great trunk
railroads, by which children should be transmitted safely to
and from any part of the kingdom." He proposes that
" out- door labour should be united with instruction in me-
chanical employment," so as to invigorate the bodies of the pu-
pils until they are capacitated" for apprenticeship in'this coun-
try or the colonies." For one-third of the price entailed upon
the nation by the existing laws for prosecutions, imprison-
ments, and transportations, all these noble achievements could,
according to Mr. PEARSON'S calculation, be effected; the
charge, as now upon criminal expenses, falling directly on
the parents, and in default of these upon the parish. This
daring hint at innovation received on Saturday the sanction
of the Bishop of LONDON, Lord GROSVENOR, Mr. HILL, the
Recorder of BIRMDIGHAM, with other influential and ex-
perienced personages. May we find this a foretaste of some
great practical movement in the came of destitute child-
hood, and discover in the etd national asylums where
formerly stood the dens of punishment !

We have accounts from Lisbon to the 9th instant, brought
by the Peninsular mail. A strong opposition to the CABRAL
Ministry has been formed, at the head of which is the Duke
DE PALMELLA, who will be supported by the Counts of
TAIPA and LITMLIRES, and it is said by nearly the whole of
the ancient nobility. It is stated that, owing to the thriving
state of home manufactures, the importation of English goods
was falling off to a great extent. The Exchange on London
was 541,4 to 54%, at ninety days.

We have received Madrid papers of the 7th and Bth inst.
On the 7th Senor Mox, the Finance Minister, in the Chamber
of Deputies, brought forward the budget for 1846, in which
the expenditure is stated to be 1,225,499,920 reals
(12,250,4991.), and the receipts calculated at 1,227,000,000
reels (12,270,0001.) In making his statements the Minister
said he had not availed himself of the authority granted by
the Cortes to regulate the public:debt. That must be a work
of time ; but he had no doubt that a satisfactory arrange-
ment could be made under the influence of a wise ad-
ministration, a due regard to public credit, and the main-
tenance of internal order and tranquillity. The remarks
of the speaker, as published in the Gazette, display both
honesty and good sense:—

" None are more interested than the Government in the
mprovement and consolidation of public credit; hone can be
more desirous to do justice to the several creditors, both
Spanish and foreign, who claim payment of the interests due
to them. It was for this reason that the Government had
obtained of the Cortes permission to regulate the States' debt.
The various vicissitudes which the debt has undergone has
stantly
I),lraecseedhtit in a situation such that it is better to leave it in its
condition than to make promises, and adopt improve-
ments which cannot be realised at a given period, and con-
sable to maintain
and perpetually. With this view it was indispen-
,pect, there is a daily improvement, public order at home, and to obtain a good
cured, the Government :I reasury's receipts; as, in this re-
result from the public .
improvement, and public order is se-
all the impulse
necessary
is engaged in giving to this question
confined itselflaorY fori bringing it to an end; it has hi-
thertorwehgiously pad log the interest payable
according to law, and
actingic last year amounted to above
80,000,000 reals. Inthusi the Government has not been
actuated by any prefereceto debt yielding interest; it
has been inspired by the deep convictionrtl'l that in suck questions
agareestthdegree detrimental,
which provoked
commanded.
all hesitation and distrust are in thei
and that frequent and reiterated act
Itish to
a confidence by no means to be suddesuel
The Ministers, Deputies, and Senators, all ardently
effect savings in the State's expenses. None wish
ardently than the Government, which, at every momentrn,enore
counters difficulties in the collection of the taxes, and, at
every moment, also, receives remonstrances from those whose
interests are injured. And 'et, it is a sad thing to say all
the services paid for by the State are necessary, and there is
nothing exorbitant in their remumeration. We have in-
herited the consequences of serious reforms and the debts
of our forefathers. Nevertheless, our zeal leads us far, if it
does not make us wander too far. Not content with having
prohibited, tor the future, the granting of pensions, we are,
this year, effecting a reduction of 16,000,000 reels on present
and retired pensions. The question of the Treasury's ar-
rears, arising from the non-accoriiplishment of engagements
since the year 1828, is a serious and arduous one. The Go-
vernment does not think that the time has come to settle
anythingjn this respect. Punctuality in payments, with the

confidence it will inspire in the accomplishment of its obli-
gations and the execution of its treaties, and the successive
regulation of the public debt, will, no doubt, hasten the
critical time when this grave affair will be settled, and calm
the anxiety of those who believe they have a right to require
a just and lawful payment. The Government does not
disown this justice ; it is content to comply with it in the
most indispensable eases, and when it is impossible not to
do so."

The principal Bills for the session are the Tariff Bill, the
Clergy Bill, a Bill for the regulation of the press, and others
relative to the corn trade and the national currency. The
following is the list of the estimates, as published in the
Gazette of the Bth

Reals.
Royal Household 43,500,000
Expenses of the Legislative body ... ... 1,142,300
Estimates of the Minister of State ... ,10,208,220
Ditto Grace and Justice ... 19,149,015
Ditto Interior ... ... 136,834,987
Ditto War ... ... 319,203,056
Ditto Navy.., 85,448,390
Ditto Finance ... ... 349,848,521
Sinking Fund 151,880,390
Secular clergy and nuns ... 108,285,041

Total

1,225,499,920

It appears by accounts from the frontiers that a great num-
ber of emigrants had availed themselves of the amnesty
published by- the Government and were returning to their
native country.

On Saturday, the 7th, the Three per Cents. closed at 33 at
60 days ; the Five per Cents., at 24 for cash, and 234 at 60
days ; and the Madrid and Aranjuez railroad shares, at
2,080 at 60 days.

The Paris papers devote considerable space to the debates
in the House of Commons, but the articles consist chiefly
of summaries, and therefore possess no interest to the English
reader. The measures proposed by Sir ROBERT PEEL have
evidently caused a strong sensation in France, which possibly
may becompelled, in self defence, to imitate the example in a
few years. In the Chambeeof Peers the report of a Committee
appointed to examine the claims of Count DE LASSINAND, one
of the Peers made by CHARLES X., to a seat in the House,
was presented, and declared that the claim was not good, on
the ground that the claimant had not obtained the Kurt's
consent. The only news of the slightest importance in the
papers is given in paragr ,phs, some of which we subjoin:—
The Courier Francak says, "It is not to replace Ge-
neral Bedeau in the command of the province of Constantina
that the Duke d'Aumale is to be sent to Algeria. We are
informed that the Prince sets out furnished with extraordi-
nary powers of a very extensive character. It is a great re-
sponsibility which is placed on the Duke, but the extreme
gravity of the situation sufficiently explains the mission con-
fided to him."

The Minister of Marine has received a letter from Ad-
miral Leine, dated December 1, and enclosing a long
report by Captain Trehouart of the affair in the Pa-
rana. As the particulars of the action have already
been given so fully, we do not think it necessary to
copy the report, but our readers will probably be
pleased at our extracting the following passage, in which
Captain Trehouart alludes to the co-operation of Captain
Hotham, who commanded the English force. He says :
" The most perfect concord did not cease for an instant to exist
between Capt. Hotham and myself ; t.ll our operations were
resolved upon beforehand and executed on both sides with
frankness and sincerity. It remains for me to request you
to thank Admiral Inglefield for having given me a colleague
so capable and so worthy of my esteem." Admiral Laine, in
his letter to the Minister, earnestly recommends Captain
Trehouart for promotion to the rank of Rear-Admiral.
The Constitetionnel publishes a petition presented by the
wife of the unfOrtunate Renzi, to the Grand Duke of Tus-
cany, three weeks before he was delivered up to the Papal
Government. It is is extremely affecting, and is said to
have moved the Grand Duke to tears; but the stern laws of
state policy prevailed over the feelings of humanity, and on
the 24th ult. the Ministers of the Grand Duke overruled his
desire to grant the petition, and gave up Renzi into the
hands of the officers of the Pope.
The following paragraph relative to the works on the
Havre line appears in the Commerce:—
" Very alarming rumours were in circulation at the Bourse
on Thursday, relative to the report of M. Frissard, the en-
gineer sent down to inspect the works on the llavre Rail-
way. It was even said that all the works were to be
executed over again. We have inquired into the business
and are enabled to state that M. Frissard's report, deposited
some days past with the Minister of Public Works, declares
all the tunnels to be perfectly solid, and that the plan
proposed by the Company for reconstructing the viaduct of
Barentin, and for strengthening that cf Malaunay, are such
as ought to be approved of. The only difference of opinion
arises on the works of this kind proposed for the viaduct of
Mirville."

The Courrier Irranfais thus notices the last account• from
Algeria :—" The news from Algiers of Feb. 5 are frightful,
less by the gravity of the events in themselves than by the
evident impossibility of foreseeing and warding off what is to
happen. Thus, Abd- el-Bader is in the Hodna, amongst the
Ouled Nails, on the limit of the Little Desert, and we have
to think of covering the Mitidja, which is 60 leagues distant
from the spot where the Emir happens to be. Thus, again,
the appearance of Abd-el-Kader in the Hodna has necessi-
tated considerable movements of troops, which, as usual, will
be of no use, because Abd-el-Kader will re-appear at 50
leagues from the spot where they are going to seek him
before our troops have had time to reach the point where he
now is."

The French Funds were less firm on Saturday.
The Three per Cents. closed on that day at 84f. 65c. ; the Five per
Cents , 1231. 30c. ; the Orleans Railroad shares, 1,295 f. ; Rouen, 1,028 f.
750. ; Havre, 7201. ; Avignon, 990 f.; Vierzon, 705 f.; Bordeaux,
6431. 75c. ; Boulogne, 545 f. ' • Troyes and Montereau, 4501, ; Basl",
2501. ; Great Northern, 7681. 75c. ; Fampoux, 4651. ; Paris and
Strasburg, 5551. ; Tours and Nantes, 5921. 50c.
The following are the quotations for other lines :
Paris and Lyons, definitive, 625 f. ; Lyons and Avignon (Tala-
bot), 610 f. ; Ditto (Lecointe), 508 f.; Bordeaux and Cette (Mackenzie),
804 f. ; ditto (Espeleta), 5121. 50c. ; Charleroi (Kysaen's), 497 f. 50c. ;
Caen (Delamarre), 5021.

, „ .•
LIONS, FEB. 12.—Paris and Orleans, 1,290 f. ; Orleans and Vlerzon,
705.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, FEB. 14.
Boulogne and Amiens, 113 —Bordeaux, Toulouse, and Cette
(Mackenzie), 2%—Ditto (Espeleta), 2%—Central of Spain, I—De-
merara, 234 —Dendre Valley, 4—Dutch Rhenish, 7%—Great North-
ern of France Constituted, 1534—Great Western Bengal, —ltalian
and Austrian, I%—Luxembourg, 23(—Madrid and Valentia, I%
Orleans and Bordeaux, 11%—raris and Orleans, 4934—West Flan-
ders, 5.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool on Saturday was quiet.
Sales 3,000 bales, all to the trade.—The Stock Exchange, it
appears, is in future to be re-opened on Saturdays, but the
transactions recorded in the list received this morning are
not of importance.
The character of the private advices from the United
States by the Hibernia steam-ship, is considered very satis-
factory. By the bye this morning complaints were made in
many quarters at the non-delivery of most of the letters
brought by the steamer named. Up to twelve o'clock'
scarcely a fifth part of the merchants of the City
had their communications in hand. Those letters
we have seen are full of hope that the Oregon
question will be settled, without an appeal to arms, the more
so as on the other side of the Atlantic brighter prospects had
been opened as to trade, should, as was fervently hoped,
the measures of Sir Robert Peel be carried into operation.
With respect to Canada, we regret to find that political dis-
sensions between the French and British colonists were
on the increase. This is the more to be re-
gretted as a handle might be made of it to
induce the war party in America to goad on: hostili-
ties with Great Britain. The colonists, of French origin,
complain that in the United Legislature they have not had
their fair share of patronage; and, further, that the laws
passed since the provinces were joined have tended to their
disadvantage rather than otherwise. No doubt pre-
judice has carried this party too far in their
feelings; but cautious men think that the wishes
and wants of the Lower Province have not been so consulted
as might have been the case. The meeting that had been
held at Montreal, relative to the striking of a new boundary
line was considered an absurd movement, except among those
who for ulterior purposes were desirous of exciting a bad
feeling between tha United States, and the British
Government. It is satisfactory to find that public atten-
tion was directed in all the British North American
Colonies, to the subject of promoting the extension
of railways, which continued to excite a meat
lively interest. One of the largest meetings ever- held in
the colony took place at the City Hall at Quebec on the
14th January, in favour of the railway from Quebec to
Halifax. The Gazette, upon this topic, terms the plan a
national one. All the speakers were most unanimous in
their opinion in favour of the project.
A shade of variation has only taken place in the Consol
Market to-day. The market may upon the whole be repre-
sented as firm. For the Account, Consols have fluctuated
only from 96% to 96%, and for Money from 96% to 96%.
The Three-per-Cents. Reduced have improved from 96% to
97%. but in the Three-and-a-Quarter per Cents. a slight fall
has taken place from 9834 to 981. Bank Stock has im-
proved from 971,E to 98%, and Exchequer Bills, after 1 aving
been done at 405., have just gone back to 38s. premium.
The price of India Stock has fallen from 260 to 259.
Business was rather heavy in the Foreign Stock market
this morning. There is a steady advance to be noted in the
Peruvian Six per Cents., which have just realised 40. The
Grenada Bonds have recded from 241/2 to 23%, and Russian
to 1121/2. The value of Mexican is rather lower than it was
last week, and also that of Venezuelan Two per Cents.
The Share market has not been very animated to-day, and
prices have varied but a shade.

ONE CLOSING
BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock .. .. .. • • • • • • .. 207% 208% 208%
Three per Cent. Annuities .. • . .. 96% 97% 9678
Three per Cent. Consols Annuities .. .. 96% % % 96%
New Three-and-a-Quarter per Cent. Anns. 98% % % 98%
Long Annuities, Expire Jan. A, 1860 .. 10 11-16 % 105,;,,
Ditto, 30 years, Oct. 10, 1849 .. 10% 10g
Ditto, 30 years, Jan. 5, 1860 .. • • 10 5-16 10 5-16
India Stock .. . . • • .. .. .. 259 259
India Bonds, 1,0001.. .. .. • • .. .. 38 40
Ditto, under 1,0001. .. .. .. .. 38 33
Conscis for Account .. .. • • • .. 96% % 3/4 96%
Exchequer BM; _ 1%c1.. l%d.
1,0001... .. .... 37 40 38 pm. 36
500/. .. .. •• • • 38 37 pm. 37
Ditto, Small •• • • 38 —— pm. 39
ONE CLOSING
FOREIGN FUNDS. O'CLOCK. PRIGS.
Danish, 3 per Cent -. .. • • • • *BB3 88%
IV Grenada, 1 per Cent .. .. .. .. 23% 23%
Ditto, Deferred .. .. • • .. 5 5%
Mexican Bonds, 1837, 5 per Cent .. 30% 30%
Ditto, for the Account .. .. .. 31
Ditto, Deferred .. • • .. 16% 16%
Peruvian Bonds, 6 per Cent 39' 40 /in

- • • • • - 14- 40
Portuguese Bonds, 5 per Cent .. .. E 0
Russian Bonds .. ••• • • . 112% 112%
Spanish Bonds, 5 per Cent
.. ..
Ditto, for the Account
.. . .. 27%
Venezuela Bonds, 2 per Cent
.. • • 45% 45%
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cent Ditto, 4 per Cent. Certificates 59N

p.m. itcosNiti.EB.s
H
___- • . 95% 95
PRICES OF
RAILWAY SARES.
PRICE,
ONE O'CLOCK. '
Aberdeen .. .. .. .• • • • • 10 .. • . 10% ..........
CLOSING
Buckinghamshire .. .. . • ••
. 425. .... %p ..
Chester Ditto andllal IfiSohyahreQasd .:: .... ....
220% ........
Caledonian
22 tii 21% .. . .
4
Cheltenhain and Oxford .. • 2
Direct Manchester (Rastrick's) .. 54 • Direct Northern ..
Dublin, Belfast, and Coleraine .• • 2% . _
Dublin and Galway .. • . • • 4 .
Eastern Countks ... • lll. les.
... _
Do. Perpet.,s per Cent. No. 1. 6/ 13s. . 4.0 .
.......
....... _
.....
Ditto, ditto, .. .. No. 2. 61. 13s. 4d. %P • • ...... % p
Ditto, York Extension .. .. 10s. .... 1% ..., ...... 1%
Eastern Union .. .. .. .. 25 .... .... _
Do. Extension to Norwich •
.. 2% .• .. ...
Edinburgh and Glasgow ~ 50 .... 80 79f4

10%
• P
•• •• 1•N
3%
223%
2%
2
4%

79%31/6
' "

Exeter, Yeovil, and Dorchester — .
Great North of England . —lOO ........
Ditto, New • • • • • • • • 5 .... 36 .. ........
Great Western • • • • • • •• 85 .......... 156
Ditto, Half Shares .. • • 5O .... 87 ex div. .... 87 x d
Ditto, Quarter Shares .. 5 .... 18% ex div. ..18% x d
Ditto, Fifths .• • • •• 2O .. 35% ex div. .. 35% x d
Leicester and Birmingham 22s. .... % dis % dis
Leicester and Bedford .
Liverp., Manch., & Newc. Junct. 236 .... 3%1, ........ 331
London an 1 Birmingham ~ • . .100 .. 224 222% .2223 x. d.
Ditto Fifths .• • • • • • • 2 .... 24 ....... .. 24 x d
London and Birmingham Extens. 1%.... % ....... 31
Linden and Blackwall .. 161. 13s. 4d. 9 .......... 9
Ditto New • • • • • • • • 236 .... 431 .......... 436
London and Brighton ..
London and Croydon .. .. 13/. 15s. 9d. 22% ..... 2t%
London, Hounslow, & Western
London and South-Western.. 411. 6s. 10d.
Ditto, New . • • • • • . 12% .... 24% 24'
Ditto, New • • • • • • .. 10 17% . 1-
London and York .. 2% .....
Ditto, Half Shares • • . • .. 2% . ..........
Lynn and Ely • • • • • • .. 5
Manchester and Leeds .. • • .. 82
Ditto Extension .. • • .. 425..... 314% p. • ....
Manchester and Birmingham .. 40 ~ 79 •.
Ditto, Quarter Shares .. .. 4
Ditto, New Quarter Shares .• 2 .... tom •
Manchester, Buxton, & Matloek 425... • • 1% p
Manchester and Southampton .. 2 .... 236 % ........
31idiand •• • • • • • • •100 ... .151%
Newcastle and Darlington Junct. •ls .... 45
Ditto, New, Branding 20
Newcastle and Berwick . • •. 10 ... 221 A ............
Newark, Sheffield, and Boston .. 2% ..... 2%
North British . • • • .. 17% .... 25% % ........
Ditto, Half Shares .. .• • . 3% .... 71
Ditto, Carlisle Extension .. 1% 3
Northern and Eastern • • .• 50
Ditto, New .. 1 .......... 19%
North Kent and Direct Dover 2% 3% 3%
North Staffordshire .. • . • • 425. p........ 436 p
Norwich and Brandon .. . • .. 18 .... 26 ex div...... 26 ex d
Oxfd.,Worcester, & Wolverhmptn. 12% •15%'% M 15%
Oxford, Witney, and Cheltenham 1% 1% • 1%
Rugby and Huntingdon • • • . 2 ...... 1%
Scottish Central .. .. • • • . 7% .... 16% 17 ...... 17
Ditto New • .. • • • • • • 21 •• • •
Scottish Midland .. 9% 10 ••• • • • 10
• • .. 5 6 6
Shrewsbury and Birmingham .. 2% 334
Shropshire Union .. • • • . 428. .......... % dis.
South Devon .. .. • • • • .. 3.5 3631 36%
• "••

South Midland .. • • . • 425. 2%;% p......
South Eastern and Dovor .. • • 33% 38:4 89%
1)0., New (do. 30!.) .. No. 3. 10
Trent Valley .. ~. • • •• • • 5 .. • • 26% 25% ....
York and Lancaster .. .• • • 2%....
York and North Midland .. to ........
Do. E. and W. Riding Exten•• • 1 104, .....

FOREIGN RAILWAYS.
2 .... . .....
5 .... 73a ••......
5 .... 1474.... • .....
.. 20 .... 28.304 29 ....

Barbadoes .. • • • • • • ..
Bord., Toul., Sc Cette Mackenzie)
Ditto, ditto (Espelete)
Central of Spain ..
Dutch Rhenish .. .. • • ..
Grt. North. of France Constituted
Louvain and Jemeppe
Madrid and Valentia
Paris and Orleans .
Rouen and Havre -. .

JOINT-STOCK BANKS.
London and Westminster .. .. 20 .... 26% ..........
London Joint-Stock .. 10 .... 13;6 ..........
Provincial of Ireland .. .. 25 .... ..........
MINE&
Real del Monte, Unregistered .. .... 4 ......

-A
2%P
39%
12
2614
1%

LLOYD'S SHIPPING.-(THIS DAY.

LONDON, FEB. 16.—Wind N.W., light breeze and hazy, but fine.
DEAL, FEB. 14 and 15.—Wind N.W., moderate.—Arrd. Palestine,
Ritchie, Valparaiso ; Elizabeth, Callao. Arrd. from the river and
sailed, Neuva Elena, St. Helena; Louisa, Havannah ; Venus,
Murray, Cape Palmas.

-
NeCwowirru,lisF,Evnic.kl.s.—Wind light.—Arrd. Lloyds, St. John's,

WATERFORD, FEB. 12.—Wind N. to N.N.E.—Sailed Yarmouth,
Matthews, New Orleans.
LoaElicit, FEB. 12.—Wind N.N.W.—Arrd. Isabella, Young, New
York ; Kaser, Sourrenser, Tangiers ; Little John, Clatk, Rabat.
SHEERNESS, FEB. 13.—The Raven cutter reports having seen what
appeared to be the lower mast of a schooner In seven fathoms o'
water, Cromer hearing S. by E. and Blakeney Church S.W. by S.
DOVER, FEB. 15.—The Matchless, Herris, from London to Ply-
mouth, which was in contact with the Joseph off Beachy Head on
the 13th inst., has put in here.

MARKET NEWS.-(THIS DAY.)

CORN EXCHANGE-MONDAY.

pastweTreheagain n
week's
ilieiekted ;'s arrivals of English Wheat for our market were on
the time of year considered a very moderate scale, while those of all other kinds of grain of home
produce were by no means extensive. Of Irish Oats the receipts
tretbd,umgodeneerraatel
moderately up
oFfrfeosrheirp, ctoor-day
received about an average quantity of Wheat coastwise from Essex
and Kent, but by land carriage and sample very little came to hand ;
hence the show of samples of both red and white was rather small.
On the whole the attendance of both town and country dealers was
somewhat on the increase ; but, owing to the pending discussions on
the subject of the corn-laws in the House of Commons,
the demand for English Wheat was -not to say active.
However,' for the finest descriptions, there was a steady
sale, at fully last week's quotations ; but the middling and inferior
qualities, though not cheaper, hung heavily on hand, and a clearance
of such was with difficulty made. The general condition of the
Wheat here to-day was by no means good. The quantity of
Foreign Wheat was small; yet, as the holders were firm, the
trade with that article was In a very sluggish state, at unaltered
currencies. Bonded samples of Wheat were held at higher rates ;
hence, the transactions in it were very trifling ; so small, indeed,
that prices may be considered next to nominal. Notwithstanding
the fresh arrivals of Barley from ourown coasts, as, also from abroad,
have been less than those reported for some time past,
the quantity actually on offer, and which principally cons'sted of last
week's unsold samples, was more than adequate to meet the wants
of the buyers. The Barley trade was, therefore, heavy, at a decline
in the quotations of is per quarter. Even at that amount of depres-
sion a clearance was not effected. The show of Malt was not large ;
nevertheless, the inquiry for it was heavy, at barely but at nothing
quotable beneath last week's prices. The receipts of Oats from
Essex. Lincolnshire, and Cambridgeshire have been somewhat
on the increase ; while we had several parcels of free foreign
in bulk on show. From Ireland very iew cargoes have been reported
since our last. All kinds of Oats were a very dull sale, yet we have
no alteration to notice in their value. The supply of Beans was
moderately good. All kinds sold heavily, at late rates. For Peas
the inquiry was very inactive ; while Flour hung on hand, at late
rates. Seeds of all kinds commanded very little attention.
CURRENCY PER IMPERIAL MEASURE
Wheat—Essex & Kent, Malt—Chevalier.... • • 64s to 65s
Red, New.... 563 to 68s Oats Yorkshire and •
Dltto,White, Old.. b6s 68s Lineolnsh., Feed. 24s 27s
Norfolk and Lin- Potato/ • • 30s 321
coln, Red... • . 528 65s Yougharandeork,
Ditto, White —.. .. 55; 688 Black ....• • . 23s 258
Irish, Red-- —51 s Cork, White ... • . 24s 298
Ditto, White .• .• • • 53s 57s Scotch, Feed. .• • • 26a 308
Bye—Old ......
New. .. .. .. .• •• • • 388 40s Pigeons •• •• 43s 498
Barley—Grinding .• • —24 s Pease—Grey .•••• • • • . 389 418
Malting ..••• • • • . 31s 34s Maple.... ..... .. 41s 44s
Chevalier ..... •• • 375 385 White .... ..... .. 48s 538
Nialt—Suffolk and Nor- Boilers ....• •• —54 s
588 62s Flour—Town-made ... 55s 578
Brown ........... 575 60s Suffolk . .
Kingston and Ware 63s 65s Stocktn & Norfolk 46a 488
FOREIGN GRAIN AND FLOUR IN BOND.
Wheat—Dantzic ••• • —57 s 633 Beans ..
Hamburgh .. 56a 62s Pease.— ... . ...... ... 41s 47s
Mule, ............. 22s 28s Flour—American ..... 8 —8
Oats--New ... .. .. .. 255 278 Baltic . ..... ... _8 --0
225 235

The Importations of live stock, tinder the new tariff, being a
matter of considerable interest at this moment, not only to the agri-
cultural body, but likewise the great consuming classes, we purpose
prefacing our report of the proceedings in to-day's market, with a few
observations in respect thereto. At most previous corresponding
seasons of the year (arising from the Dutch ports—whence we have
been accustomed to receive the largest portion of the Beastt and Sheep
into the metropolis, as well as the outports—being closed by ice), the
arrivals of stock from abroad were on a very limited scale; so small,
indeed, that they were unworthy- of special remark. This season, how-
' ever, from its unusual mildness, the imports have considerably exceeded
those of any former period, as must be evtent from the returns we
have from week to week laid before our readers. Towards the close
of 1845, some of the Dutch rivers were partly frozen over; hence the
operation of shipping cattle was a matter of some difficulty. This
circumstance, hewever, acted as an incentive on the part of the
Dutch graziers to avail themselves of other modes of convey-
ance for their stock hither than steam-packets; hence several
sailing vessels, evidently built for the express purpose,
and four of which have arrived in the Thames during the
past week, were procured, and the cattle was placed
on board at the edge of the ice ! The navigation having suddenly
opened, with little or no prospect of its being again closed this
winter, the steamers are now bringing their cargoes as usual. We
mention this circumstance merely for the purpose of showing the
efforts making by the continental graziers to supply our markets
with live stock. Notwithstanding the immense numbers of Beasts
and Sheep which have already reached us from Holland and else-
where, it is placed beyond a doubt, especially as the speculations
have turned out very profitable to those engaged in them,
that those of the present year (under the influence of
a total repeal of the import duties, should such a
measure be sanctioned by the Legislature) will exceed in number,
and, perhaps, in quality, those since the present measure has been in
operation. The experiments made in this country to fatten foreign
stock imported in a lean state having failed in almost every instance,
owing to the change of food being prejudicial to the animals, it is fair
to presume that the future imports will go into immediate consump-
tion, and have a depressing influence upon prices. Most of the beasts
which have as yet arrived here have been fattened in the various
distilleries at Rotterdam, Schiedam, and Harlingen, whence we have
received advices to the effect that there are, at this moment, nearly or
quite twenty thousand Beasts in course of fattening for our markets, a
large number of which will he shipped in the next three months.
During the past week the imports into London have amounted to 30
Oxen, per the John Bull, from Hamburgh ; 168 Cows, 1 Oxen, and
207 Sheep, per the Magnet, from Harlingen ; 73 Cows, 23 Oken, and
171 Sheep, per sailing vessels, from !Schiedam; 13 Oxen, 1I Cows,
and 112 Sheep, per the Columbine, from Rotterdam. The quality of
these imports has been a full average one. At the outports, scarcely
any arrivals have been reported. To-day we had on
sale 200 foreign Beasts and 300 Sheep, nearly the whole
of which were disposed of at about previous quotations.
From our own grazing districts the arrivals of Beasts up to this
morning's market were somewhat less than those exhibited on this
day se'nnight ; but the quality was decidedly good. The attendance
of buyers being somewhat extensive, the Beef trade was steady, at
in some instances, an advance on last week's prices, of 2d per Sibs.
A few of the very primest Scots were disposed of at 4s 6d per illbs ;
but the more general figure for that breed was 4s 4d per 81bs, at
which a good clearance was effected. The droves from Norfolk,
Suffolk, Essex, and Cambridgeshire, comprised 500 Scots, mid-
lands, and short-horns; from the northern districts 600 short-
horns; from the western and midland counties, 750 Herefords,
Devons, Runts, &c. ; from other parts of England 350 of various
breeds ; from Scotland, 100 Scots, and from Ireland 60 Beasts. The
numbers of Sheep were again small, or about 8,000 less than at the
corresponding market day in 1845. Prime old Downs moved off
steadily at full prices. In other kinds of sheep comparatively little
was doing, yet the quotations were supported. While commenting
last week upon the falling off in the numbers of Sheep shown here in
1845 an important error occurred. Instead of the falling off being
300, as we then stated, the actual deficiency was 300,000.
There were about 2,000 shorn Sheep on offer this morning. The few
prime Lambs on offer commanded a ready sale at 7s per Sibs. In
Calves very little was doing at last week's depressed currencies. The
Pork trade was steady at late rates. We had on offer 60 Pigs from
Ireland.

Per Sibs. to sink the offal. ,
1 s. d. to s. d.
Inferior Beasts .. —2 10 3 0 Second quality ditto 4 6 4 8
Second quality ditto. 3 2 3 6 Coarse-woolledditto 410 510
Prime large Oxen.. 3 8 4 0 Southdown Wethers 5 2 5 6
['rime Scots .. .• • . 4 2 4 4 Ditto out of the wool
Large coarse Calves 4 4 410 Large Hogs ••••• • 3 10 4 8
Prime small ditto .• 5 0 5 4 Small Porkers ••.• 4 10 5 2
Suckling Calves •• 18 8 31 0 Quarter old Pigs •• 16 0 22 0
'nferior Sheep .. .3 10 4 4 Lambs •••••• • • • • 0 0 0 0
SUPPLY AT MARKET.
ISheep.
Calves.
I Pigs.
18,900 53 280

Beasts.
2,708

NEU/GATE AND LEADENUALL.
7From Scotland, the north of England, as well as from most other
quarters, the arrivals of slaughtered meat up to these markets since
Monday last have been on a very moderate scale, though of full
average quality. The supplies of Meat on offer killed in the metro-
polis have been rather limited, yet the general demand has been in a
slaggish state. however, the prices of Beef, Mutton, and Pork have
been supported; but those of Veal have declined fully 4d per albs.
Several carcases of Foreign Beasts and Sheep have been disposed of,
at fair currencies.

At per stone, by the Carcase.
E
s. d. to s. d. . d. to s. d.
Reef, Inferior. • 2 6 2 g Mutton, inferior 3 6 310
- middling .... 2 8 2 -- middling •• 4 0 4 2
- prime large .. 3 0 3 2
prime " 4 4 4 6
- prime small .• 3 4 3 6 Perk, • • 3 large •••• •• • • 4 6
4 8 2
Veal ••'•'•• • • • • • • • 4 2 2 - small •••• • - • •
---

Lamb. Oa Od to Os Od.

ARRIVALS DURING TIIE PAST AVIFT:: Pigs.
Beasts Sheep A.AONes
8cotland•••••:. ..... 24 300
450
.Yorkshire •.• .......
, 80
Lincolnshire
...„ „ 30 60
-- 90
Norfolk
.... 29 80
-- 70
Suffolk ..... 10 90
Opetaehmveorbaripsaidirigrtesesh.i.r:e::
..
...
..
.. .
:400
201/42_50n,, 40
41/ 120
Essex .. ...... .......,
50 5L50
Wiltshire ........ 30 30 12d
60 300

- sr,
Total • ..... 262 1,341 •2 u
3.0 1;880
1,530
Previous week's arrival.. ... • 390 1,300

3
Difference since our last • • 50
128 ,42 7(1