The Sun.
London, England, 1846-01-28 00:00:00

be no advantage in making personal property liable
to it, and how could they levy it in small
amounts, as personal property in rural districts?
If they instituted an inquiry into the profits of trade,
they must do the same into the profits of the farmer,
which, conducted by local authorities, would be
an intolerable inquisition ; and he believed,
that for the State to take upon itself the
maintenance of the poor would be most objectionable.
He proposed to take upon the Government the
charge of the maintenance of convieted prisoners, and to
defray it from the Consolidated Fund by an annual
vote. He proposed, also, that that portion of
the expense of prosecutions which was borne by local
rates should be borne by the Government, which
would give them a control; over prosecutions. In Ire
land this would amount to 17,000/., and in England
to 100,000/. a year. If any part of the kingdom would
suffer by the removal of agricultural protection, it would
be Ireland, and he proposed to relieve Ireland
by taking under the control, and into the pay
of the Government the whole police force of
the country, thus relieving the land of the whole of
the rural police rate. With regard to medical relief
under the poor-law, he proposed to Luke one-half of the
charge of the payment of parochial medical officers in the
Consolidated Fund. He estimated that would amount
to 100.000/. a-year in England, and 50,000/. in Scotland.
He also proposed, with regard to Scotland, that the
charge for the prison at Perth should be borne
by the public. In many workhouses the provisions
or education were very inadequate. He proposed that the
right of appointment should be vested in the guardians;
but they proposed to provide a competent salary, on
condition that they might require competency in the
schoolmaster, and exercise the right of dismissal. In
every case in which he proposed to place upon the
public the payment of these public burdens, it was
' accompanied by some public good. Before the mea-
sure was rejected, he hoped both parties would
seriously Consider it. Immediate removal of du-
ties in many instances, distant removal in others,
was what he proposed. He asked for the ex-
pression of no immediate opinion, but he trusted the
statement would be seriously considered in the same
calm temper of mind in which it had been listened to.
While he had no guarantee that other countries would
follow our example, the Government had resolved to
consult the interests of the county, and nut to punish
other countries and our own by a continuance of those
high duties. He admitted that other. countries
had increased the duties on our goods and
yet our exports had increased, partly by
means of the smuggler, and partly by the high tariff, so
increasing the cost of production in those countries, that,
notwithstanding the high duties, we had been enabled to
compete with them. But, they might depend upon it
that the example of England would be followed. The
interests of the consumers would ultimately pre-
vail, and prohibitory and protective duties
would, in spite of Governments, be removed.
The recent report of Mr. Walker, Secretary to the
Treasury of the United States, proved that such would
be the case. In Europe the example of England was
producing its effect. In Naples liberal commercial views
were beginning to hold sway, and the Sovereign of that
country took a personal interest in the subject, and he be-
lieved that from Naples they would have a liberal tariff.
Sweden, Norway, Austria, Hanover, were all becoming
more liberal in their commercial policy, and he did not
despair of their following our example. He trusted
that increased commercial intercourse would increase
the bond of union between different countries, and give
a guarantee of the preservation of peace. But it should
be remembered that peace exposed us to in-
creased competition, and it was therefore necessary,
to secure a pre-eminence, that we should have abun-
dance and cheapness of provisions, and securitY
for the continuance of that abundance. This
would contribute to the increase of wealth,
and to the alleviation of local and general burdens.
He asked them to give their consent to these measures,
because the true source of increase of revenue was in-
creased comfort, and an increased taste for luxury. He
asked them to consent to them, because abundance dimi-
nished crime. It had been said there was no scarcity.
Scarcity was a relative term; and they should remem-
ber that two years of abundance had altered the feel-
ings of the people in this respect. That which
was not scarcity in 1844, would be scarcity in 1846.
Let them not check the genial current of prosperity by
forbidding the import of articles of focd. The furloughs
of the soldiers in the Guards had increased greatly its
the last three years, in consequence of the increase in
comforts of their relatives, who were constantly inviting
them to visit the country. If asked why he disturbed
the existing law under which this prosperity had been
enjoyed, his answer was, that since October last there
had been a sympathy between the prosperity of
the manufacturing districts and the price of provisions.
These were the proposals, which on the part of the
Government, he offered for the ultimate adjustment of
this question. He would not appeal to any unge-
nerous feeling to induce them to consent to this
measure. There had been agitation but not to a
great extent, but he believed that there had been
in the minds of the mass of the community a great at-
tention to this subject, but still there was a general
feeling of contentment and loyalty. Their consent
to take taxation on themselves, so as to re-
lieve the labouring classes, had produced gratitude ;
and he besought them to avail themselves of
the present opportunity of effecting an adjustment,
which he felt could not be much longer delayed.
For these reasons he should deeply lament
the failure of his present attempt, which he
recommended to their calm consideration, as one cal-
culated to maintain friendly relations among all classes
of the community, by bettering the condition of the
great body of the people.
The Right Hon. Baronet, who had spoken for up-
wards of four hours, then sat down amidst loud cheerin;.
The CHAIRMAN then read the resolutions, and
Sir R. PEEL suggested this day week for proceeding
with the further consideration of the question.
Sir R. Leon's wished to know what would be the
amount of increased expenditure to be saddled on the
country by his measures?
Mr. STAFFORD O'BRIEN suggested the postponement
for further discussion for a fortnight.
Mr. HumE defended the policy of the Prime Mi-
nister.

to 2d. per square yard. He now approached those ma-
nufactures connected with metals. All manufactures of
metals were charged with a duty of 15 per cent. He
proposed that no duty should exceed 10 per cent.: that
was to be the maximum. Then with regard to brocade
and earthenware, he proposed a similar reduction
Then with regard to foreign carriages, he proposed
to reduce the duty from 20 per cent. to 10 per
cent. He proposed to reduce the duty upon candles
to one-half of the present amount, and also a similar
reduction in foreign soap. Hard soap, now subject to a
duty of 305., he proposed to reduce to 20s. ; soft soap
to 10s., and Naples soap from 565. to 15s. There were
many articles in which he proposed to remit the duty
altogether. There were 500 articles standing in the
tariff in respect of which there was no duty. He pro-
posed to apply this principle to many other arti-
cles. In respect to all articles connected with the
manufacture of leather, great remittances of duty had
taken place. He proposed to remove altogether the
duty on dressed hides, and then there would not be a
single raw material subject to duty, and then
he proposed to reduce the duty on foreign
boots and shoes ; shoe fronts 3s. 6d. to ls. 9d. per dozen;
boots from 11. Bs. per dozen to 145., and for shoes
from 14s. to 7s. lie proposed to reduce the duty
upon straw plait from ss. to 3s. 6d. per lb. He
was disposed to act freely and impartially. lie
had exhausted every article of manufacture. lie pro-
posed to reduce the duty upon brandy and foreign
spirits from 225. per gallon, and the consumption was
not now greater in this country than it was in the 17th
century. There was no article in which smuggling
more prevailed. He proposed to reduce the present
duty of 225. to 15s. 'per gallon. With regard to sugar,
he intended to propose the reduction of the duty on
foreign free labour sugar to 3s. 6d., reducing by that
amount the differential duty. He now came to those
articles connected with agriculture. There were many
articles subject to heavy duties which did not operate as
protection. There was, for instance, the article of to-
bacco ; and, in treating of these articles, he hoped that
that House would bear in mind the necessity of support-
ing the public revenue, and not press fur a simulta-
neous removal of duties which would be thought high.
He would take first those articles not connected with
food, and he thought that, by reducing the duty on
grass seeds, he was conferring a benefit on agriculture.
The duty on clover seed, for instance, was a heavy bur-
den on agriculture. He proposed to reduce the duty on
all seeds to ss. per cwt., as a maximum duty. In order
to promote the fattening of cattle, which was so neces-
sary to the production of manure for the fertilising of
the soil, he proposed that Indian corn should be hence-
forth admitted duty free, or rather with a merely no-
minal duty. He considered that, in doing this, he
was not doing any injury to the agricultural interest.
He proposed to subject buck wheat to the same rule, and
the flour of those articles. He proposed to admit the
meal of those articles on the same footing as the grain.
With regard to linseed cake and rape cake, the price
had been gradually rising for years. He had been re-
quested to enable many articles used in feeding cattle
in the United States—such as rice cake—to be admitted
duty free, and he therefore proposed to admit it. lie
came now to consider those articles of agricul-
tural produce used for the food of man, and he
felt the difficulty of dealing with them.
His object was to come to some adjustment of this ques-
tion between the demands of those who upheld unre-
laxed protection and those who contended for the
repeal of all duties. He feared neither party would
approve of his plan, but he proposed it for the
public advantage, as the foundation of a settlement. He
did not propose an immediate repeal of all dnty, although
he proposed an immediate reduction in respect to all,
and immediate and total repeal in respect to many.
He proposed to make an immediate reduction, upon
the whole of the articles. He proposed to reduce the
duties one • half on butter, cheese, and hops, and
on cured fish to is. per cwt. He proposed to repeal
immediately the duty on bacon, fresh beef, salt beef,
fresh and salt pork, and vegetables of all kinds. Every-
thing of vegetable, everything of animal food,
should henceforth be imported duty free. He had,
by removing previous duties, enabled the agriculturist
to compete with the foreigner; and, therefore,
he called upon him to give up his protection. He
proposed that all cattle, and animals imported
from foreign countries, should come in duty free.
Complaints had been made as to the injurious and un-
equal operation of the tariff with regard to fat and lean
cattle. This alteration would redress that inequality.
He trusted that the agriculturists would bear in mind
that he had called on the manufacturers to set
the example of giving up protection. He would now
state his proposal with regard to the corn-laws.
He did not propose their immediate repeal; but in order
to give time for adjustment, although he proposed a ts
porary reduction, he proposed that after the lapse of a
certain time foreign grain should be admitted duty free.
He proposed a considerable reduction in the existing
amount of duty, and that the continuance of that re-
duced amount of duty should continue only fur three
years. He proposed that after the Ist February, 1849
oats, barley, and wheat should be subject only to that
nominal duty which he proposed to'apply to Indian corn.
He could not admit that he had taken an erroneous view
of the pressure to which they would be subjected before
the next harvest, and it was necessary to take precau-
tions against the approaching calamity. He much wished
this calamity might induce among the people of Ireland
a taste for a higher order of food. They had to consider
what provision was to be made to meet the deficiency
in the potato crop. He was not now about to propose
what be had proposed in November, the immediate
suspension of those duties. He proposed that there
should be immediately a great reduction in duty,
to endure only for a limited period, after which
it should be merely nominal. Under the ex-
isting law, the rate of duty on all descriptions of grain
had been regulated by that of wheat. He proposed that
all colonial grain should he admitted at a nominal duty—
that all restrictions applying to the importation of meal
should be removed. He proposed that the enactment,
to endure for three years, should be as follows :
—The duty on wheat when the average price
should be under 435., 10s. ; above 495., 9s. ;
50s. and 51s, 75.; above 525. and under 535., ss. ;
and whenever the price of wheat shall exceed 545. there
shall be an invariable duty of 4s. With respect to other
descriptions of grain, they followed the scale
which they had adopted with regard to wheat.
There would be, therefore, now levied on wheat, instead
of a duty of 165., a duty of 45., and other descriptions
of grain would be subject merely to a nominal duty.
He proposed to accompany this provision with others
calculated materially to advance the interests of that
portion of the community, which, after a lapse of three
years, would be called on to relinquish pro-
tection. He would review some of the bur-
dens pressing on agriculture capable of alleviation,
not by the transfer to other parties, but by reforming the
manner of levying. With regard to the higway
rate, he thought it possible to introduce reforms
which should be a relief to the landed interest.
At present there were 16,000 local authorities for the
management of the highways. What could be
more absurd than that every continuous high-
way should be subject to different highway sur-
veyors? There was a law existing enabling parishes
voluntarily to enter into a union for the
management of continuous highways. He proposed to
make this compulsory, which would reduce the
local authorities from 16,000 to 600. He would
compel the guardians to appoint a competent
surveyor to undertake the management of the highways.
In a district in the north, in which this plan had been
carried out, the roads had been improved, and the
expense had been diminished from 6d. in the pound rate
to 11d. in the pound. It was one of the points of relief
to agriculture which he proposed to adopt.
Then he proposed an alteration in the law of settlement
At present a man moved from an agricultural district to
a town. The manufacturer had the benefit of his
labour—he was thrown out of work and he was sent
back to the rural districts. For the purpose of doing
justice to that man, and to the rural parish, he proposed
that, after being devoted five years to labour in any
place, the labourer's settlement should be in that
place, and also the settlement of his wife and children.
At present, immediately on the death of a labouring man,
his widow must be removed. He proposed that she should
not be removable for twelve months ; and that when a
labourer became ill, no order should be taken out for remo-
val on the ground of chargability by sickness or accident.
He recommended that the state should give facilities for
agricultural improvements, by adopting measures to
promote drainage by a loan of public money.
He would advise the advance of loans immediately
under the sups rintendence of thelnclosure Commissioners,
and that their certificate should be the warrant for the
advance to be repaid by a rent charge, and by annual
instalment., giving this loan a priority of payment over
all ()tea._ .
havingtibiliii4Dantiotin;s ; except in cases where the parties
charge object to that advance,
in which case the --itavltte should not be
made without the consent of the Court of Caance-ny.
With respect to direct local burdens, he could not advise
any material alteration of the system under which as-
sessments took place. It was said the poor-rates were
a charge upon the land. In point of fact it was
not so. The opposition was not between land and other
nroperty alone—it was between real and personal pro-
perty, and as this was merely a local charge, there would

M A P

THE RAILWAYS.

IN A FEW DAYS, WE SHALL PUBLISH A
"RAILWAY SUN,"

Sir IL PEEL requested the Hon. Gentleman to let him
defend himself in his own way. He proposed that the
discussion should be renewed on Thursday wt,ek. The
question was of vast importance, but he thought a fort-
night too long to keep the country in suspense.
The House was subsequently addressed by several
Hon. Members. The House then resumed, the Chair-
man reported progress, and obtained leave to sit again on
Monday, the 9th of February.
The House adjourned at Twelve o'clock.

The mystery in which the plans of the Minister, for the
abolition of the corn• laws, have been so long involved is at last
removed, and the people of the United Kingdom may rejoice
that the fate of protection is sealed, and that the most
obnoxious of all burdens will in three years be utterly
abolished. Since the memorable occasion when Lord Joint
RUSSELL introduced the Ministerial plan of Parliamentary
Reform, we know of no event which has excited one-tenth
part of the public interest, or which will spread such glad
tidings to millions of her MasEsTy's subjects, as the result
of the scene which took place in the Commons' House
of Parliament last night. Sir RonsenT PEEL, had the courage
to hold out against the opinions of the majority of his col-
leagues; like a man conscious of the justice of his measures,
and the infallible victory which they must soon obtain, he
persevered in his purpose, resigned his high station rather
than yield up his convictions, and at last, obeying the general
will of the people, resumed his position in order to gain the
most illustrious of all triumphs—a peaceable reform. He is,
in fact, the author of a great revolution, which will have an
immense effect on the destinies of the country, and astonish
the world by the boldness of its principles, as well as by the
liberal views which pervade every part of its character. The
question of commercial reform we regard as settled. The Peers
and the landlords may for a time rebel, or pretend to
rebel against the Minister, but all the wise, all the pru-
dent, and all the able portion of the aristocracy know that
their efforts are vain, and that in this country no class, how-
ever powerful, not even the first nor the second estate of the
rca'm, can gainsay the voice of the people. That voice has
been heard from every part of the land. England and Scot-
land and Ireland have demanded, in language that cannot
be mistaken, the repeal of the corn-laws, and our statesmen,
like prudent rulers, have listened to their voice, and granted
their prayers. Neither party can claim peculiar honour
for this great result, for Whigs and Tories, and Conservatives
and Liberals, and Radicals and Chartists, all have their
share, and the leading statesmen of the two great sections
in the State have alike vied with each other in furthering
this noble achievement. To Lord JOIIN RUSSELL, the
brother of one of the first Peers in the realm, who is opposed
to his views, and whose family connexions have so much
interest in the profits from land, every praise is due. He
prepared the way— at all events hastened the crisis; and by
his open avowal of complete freedom in the trade in corn,
left his opponent no alternative but to dare boldly and carry
out his own firm convictions. The Conservative leader
was not backward, and, to his honour, resolved
to offend a
nd time his party for the good
of the country, and to risk the hostilityt of
the lime of Peers, the whole IWO intereat, every
tribe of monoptAists in a cause so just and sacred.` •ut
con‘t of her MAJESTY throughout the whole anxious crisis
sgronlonly ogle universal thyme of admiratipP, and fttr;
nish proof of the admirable workin4 o out. constitutional

THE SUN, LONDON,. WEDNESDAY EVEN INC. JANUAR) 28. 1846.

system when properlyadministered. The QUEEN ntade no dis-
tinction between Whig and Tory leader—her object was the
peaceable and satisfactory settlement of a great question, and
in every respect she displayed the brightest ex-
ample as a limited SOVEREIGN, and as the best friend
of her people. What the result might have been under
such an obstinate and misguided monarch as GEORGE 111.,
or his aristocratic and selfish successor, with all his preju-
dices against the people, we fear to contemplate. Under
such management, and with such actors, we can con-
template nothing but complete success to the
great principles for which The Sun has long con-
tended, and of which it has, for more than twenty years,
been the earnest, steady, and unyielding advocate. No
journal has so long and so faithfully exposed the enormities
and injustice of the corn-laws, or kept the grievance
so constantly before the public eye. We rejoice
that, after a tedious, and for many years a hopeless, struggle,
victory has at last declared itself; and statesmen of all par-
ties now join in denouncing the obnoxious and destructive
Act of 1815, and in advocating the only safeguard for a great
commercial country—the abolition of all those prohibitive and
oppressive duties on foreign productions, as well as those of
native industry. But this result does not affect the United
Empire only—it extends over the world, and its announce-
ment will excite universal wonder in every civilized state.
France and Russia and America will receive the news with
joy equal to our own, and let us confidently hope that its
effects will be beneficial to humanity, and bind closer the
peaceable ties of friendship among civilized nations.

English .. .. ..

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were 4,000
bales, 500 being on speculation. The market was quiet.
Shares were dull, and there was but little doing.-
At Messrs. Lamond's yesterday the sale was very flat, and
where sales were effected, a considerable reduction was sub-
mitted to for many of the new schemes. There appeared no
buyers except at ruinous prices.-Birmingham, West Brom-
wich, Wednesbury, and Walsall,'lB.9.-Essex and Suffolk,lss.
-Great North of India, 7s. 6d.-Ipswich, Norwich, and Yar-
mouth, 11. ls.-Southampton, Manchester, and Oxford, IL-
Bideford and Tavistock, 10s. 6d.-Chelmsford and Bury, 19s.
-London and Windsor, ss. 6d.-Chester and Manchester,
11.45.-Bideford and Tavistock, 12s. 6d.-London, Bristol,
and South Wales, 155.-London and Manchester (Rastrick's),
165.-Great North and South Wales and Worcester,
6s. 6d.-Great Western of Bengal, 145.-Larne, Belfast, and
Ballymena, 11. IN.-Worcester and South Wales, 1/. 7s. 61.
-North Stafford, Churnet, and Potteries, 4/. 17s. 6d.-Lon-
don and Birmingham Extension, and Northumberland, Da-
ventry, Leamington, and Warwick, 17s. 6d.-Reading,
Guildford, and Reigate, IL 25.-Eastern Counties, ex new
and ex div., 211. IN.-London and Windsor, 55.-Louvain
and Jemappes, 2/. 65.-Great North and South Wales and
Worcester, Os. -Bordeaux, Toulouse, and Cette (Mackenzie),
21.-London, Hounslow, and Western, 15s. 6d.-Leicester,
Tam worth, Coventry, Birmingham, and Trent Valley, 2/. Bs.
-Sheffield, Buxton, and Leek Potteries, 135.-Bideford and
Tavistock, 195.-South Midland, 11. 55.-Waterford, Wex-
ford, Wicklow, and Dublin, 11. 2s. .-Norwich arid Bran-
don, New, GI. 55.-North Staffordshire, Churnet, and Pot
teries, 4/. 18s.-East Indian, 11.75.-Calcutta and St. George's
Point, 10s.-Great Western of Bengal, 155.--Great Indian
Peninsular, 11s. 6d.-Ipswich, Norwich, and Yarmouth,
IL 55.-Great North and South Wales and Worcester, 6s 6,1.
-Isle of Jersey, 183.-Ditto, 19s-London and„Windsor, 55.-
Ditto, 65.-Northampton, Banbury, and Cheltenham, 2L 4s.
Sheffield, Buxton, and Leek Potteries, 135.-Ipswich, Nor-
wich, and Yarmouth, 11. 35.-Ditto, 1/. 4s. 6d.- Liverpool,
Preston, and North Union, 11. ls.-Birmingham, West
Bromwich, Wednesbury, and Walsall, 125.-Manchester,
Midland, and Great Grimsby, 21.15. 6d.-North Staffordshire,
Chnrnet, and Potteries, 4/. I Bs.-Ditto, 41. 17s. 6d.-Oxford
and Cambridge, 155.-Great Indian Peninsular, 125.-Ditto,
12s. 6d.-London, Oxford, Cheltenham, Gloucester, and
Hereford, 7s. 6d.-Peterborough and Nottingham, 158.-
Chelmsford and Bury, 17s. 6d.-Direct Norwich, 2s -Corn -
wall, Half Shares, U. 103. 6d.-East Coast, 18s.-Derby,
Gainsborough, and Great Grimsby, 18s.-Surrey Grand.
Junction, 7s. 6d.-Bordeaux, Toulouse, and Cette (Macken-
zie), 27.-Chester and Manchester, 11. 4s. 6d.-Ditto, IL 4s.
-Chepstow and Forest of Dean, IL 55.-Worcester and
South Wales, 11. 7s. 6d.-Assam Tea Company, 111. 108. -
Ditto, 111. 155.-Worcester, Hereford, Ross, and Gloucester,
1/. 7s. 6d.-Cornwall and Central Devon, 1/. 15s. 64.-Read-
ing and Reigate, 11. 35.-Great North of India, 7s. 6d.-
Ditto, Bs.-Calcutta and St. George's Point, lls. 6d.-South-
ampton, Manchester, and Oxford, 285.-Cork and Lime-
rick, 12s.
Accounts, of November 15, from Buenos Ayres, state that
there had beey some angry debates in the House of Repre-
sentatives against England and France, but this is only what
we might expect. We have had later dates by way of Rio
de Janiero.
The extraordinary interest felt to-day in the development
of Sir Robert Peel's plans we need hardly mention, but the
Evening Edition of The Sun had already informed the me-
tropolis throughout its length and breadth, and to-day was
merely needed for the digestion of that information. Most
parties seem satisfied, though of course there are points which
could be improved,
There is another failure to-day. A merchant's house, de-
prived of its ordinary discount support, has fallen into diffi-
culties, and it is said for some amount.
The public Securities are better to-day, and there is a
disposition to look upon matters in a more favourable light,
so potent are the influences of enlightened legislation, so
intense is the feeling of the important bearing of free trade
doctrines upon the public mind. It is true there is no
marked advance, but yesterday, with the unfavourable news
from America, prices were going decidedly lower, and this
retrograde movement seems to be checked. Consols have
been 94% to 34 for present transfer, and 943% to 95% for
time. Exchequer .bills have advanced from 19s. to 275.
premium, owing to a purchase just effected. Bank Stack
has been quoted 206 to 207. The New Three and-a-Quarter
per Cents. are worth 96% to 974.
The Foreign Bonds are still neglected. Spanish Five per
Cents. have been 28 ; Portuguese Three per Cents, 60 ; Bra-
zilian, 82 ; Mexican 30 to 301 A ; Russian Bonds have been
firm at 113, and Dutch Two-and-a-Half per Cents. have
realised 593% to 60.
Shares are heavy.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

Bank Stock .. .. • . .. • . .. 207 206
Three per Cent. Reduced Annuities • • 953 95 953
Three per Cent. Consols Annuities .. 9414%%%
New Three-and-a-Quarter per Cent. Aims. 96/ 97 IA
Long Annuities, Expire Jan. 5, 1660 .. 1034 7-16
Ditto, 30 years, Oct. 10, 1839 .. 10%
Ditto, 30 years, Jan. 5, 1860 103
India Bonds, 1,0001 ..
Ditto, under 1,0001.
Consols for Account
Exchequer Bills.
1,0001. • .
5001. .•
Ditto, Small

130.

.. 95 94% 95%
I%d.
.• • 21 19 27 pm.
••• 21 28 pm.
.... 21 26 pm.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bends, 5 per Cent • • • • 82
Mexican Bonds, 1837, 5 per Cent .. 3o 30
Portuguese Bends, 5 per Cent. .. 76%
Ditto, 3 per Cent • • • • 60
Russian Bonds .. .. • • 113
Spanish Bonds, 5 per Cent. 28
Dividends on the above payable In London.
Belgian Four-and-a-Half per Cent. .. 98
Dutch Two-and-a-Half per Cents. .. 60 59%
Ditto, 4 per Cent. Certificates .. .. 95 94%
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PER SHARE.
Buckinghamshire • • .. • • .. • • 425. .... Ul4 p.. to
Caledonian .. .. • • •. 10 .... 14%.... to 14

. 24.... 34i%.. to
• .. 20 to
1%..•• to
. 42g..... 3%.... to

Ditto New • • • •
Chester and Holyhead ..
Cornwall and Central Devon
i/artmouth, Torbay, and Exeter
Derby and Crewe

Eastern Counties . • • . .. 141. 16s. Od.• .• . 21g.... to 22
Ditto, New .. .. .. •• 61. IGs. 0d... •• 7 ... to 67/.

Do., lierpetual,s per Ct. No.;1, 61. 13s. 4d.....

.. to

. -
Ditto, ditto .. .. N 0.2, 61. 13s. 4d.....i p.. to
Exeter, Yeovil, and Dorchester .. 2%.... 2► •• • • to
(loole. Doncaster, and Sheffield, &c.• • 425. .. 1% p.... to • 1 p
Grand Union (Nottingham and Lynn) 1% •• • • 1)4 .... to
Great Southern and Western (Ireland) 15 to
Ditto, Extension .. • • • • • • 12% 19 .... to
Great Western • • • • • • • • •• 85 •. • • 163 .. •.to

Ditto, Half Shares • . •• 50 .... 92 .. • • to 91
Ditto, Quarter Shares • . .. 5 .... 19 to 20
Hull and Selby • • • • • • .. •. 50 .•.. to
Ditto, Half Shares • • • • • • • • 7 ...• 26% •. • . to
Leicester and Bedford .. • • .. 225. .... 3g p•• to 1,4 p
Leicst., Tam.,Bir., 83 Trent Val. June. 425. ... . 14 p.. • . to par
Liverpool, Manch, and Newc. Junct. 24 .. • • 316% • • to
London and Birmingham •• • • ..100 •• • .223 .... to
Ditto, Quarters
.2. 2 •• • • 27% to

Londonalici Blackwall .. 161. 13s. 4d. —— • ... to
Ditto, New .. .. • • ~ ...• 4% to
Loydon and Brighton • • • • 50 .... 68% .. to 68
London and Croydon .. • • 131. 15s. 9d. •• 221,4 to 22
London and South.We.iterti 411. 63. 10d. .... 77% .. to
London and York . 2% .... 4% %.. to
London, Warwick, and Kidderminster 2% •• • . 1% .... to
Manch •ster and Leeds .. .. 82 .... .... to
Ditto, Fifths .. 1 .... 1214 .... to
Manchester and Birmingham • . •. 40 78 .. •• to 77%
Manchester, Buxton, and Matlock .. 425. .... P• • to 1% I)
Manch,ster and Southampton .. .. 2 .... 24 .... to
Midland •• •• •• •• 100 —153 154 152 to 154

Ditto, New • • • .. .. 12 ••.. 28n,(...• to 29
Newcastle and Darlington Junction .• 25 •• .• 57 •• • • to 58
Ditto, New, Brandling .. 20 .. • • 53 .. • • to 52
Newcastle and Berwick .. .• .. 10 ••• • 21 .••• to
Newark, Sheffield, and Boston .. 2% •• • • 21.,; •• • •ItO
North British .. 17% •• • • •• • • to
Ditte, Half Shares . • • .• .. .. .. 7 •••. to
Ditto, Carlisle Extension • • • • 1% •• • • 3% •.•• to
Northern and Eastern .. .. 50 .• to _
Ditto, New • • • • .. .. • • 1 .. 18% to
North Staffordshire • • • • • • • • 425. •• • . p.. to 3% p
North Wales .. • . • • 3% •• • • 3% •• .. to
Norwich and Brandon • • .. .. • • 18 to
Ditto, New • • • • • • • • • • • 3 ••••6%.... to
Northampton, Banbury, & Cheltnam. 2 .• • 2 .... to
Portsmouth Direct • • • • •• 3N 4%•... to

Rugby and Huntingdon •• •• •. 2 .. • • lg% •. to
Shrewsbury and Birmingham .. .. 234 .... 314% .. to
Shropshire Union . • . .. 425. •• •• 1k dia... to pa

Elmtil Midland

.. .. • • 425...

to
South Eastern and Dover .. • • 38% •• • ; to
Ditto, New, No. 4••• • • • 5•• 2% ...• 3% %..to
South Wales .. •• •••• •• •• .. •.5h..• . to
Wavency Valley • • • • • • • • • • 2 .... 1 .... to
Welsh Midland .. • • • • • • . 2% ... 2%.... to 1%
Worcester and South Wales .. 428. % die... to
York and Carlisle .. .. • . .... 2% .. • • to—
York and North Midland .. • • .. 50 .... to
Ditto, Half Shares . 25 .... 56 .• • • to
1/itto, Selby .. • • • • •. 30 .. •• 85 .. to
Ditto, Extension .. .. 15 .... 37%.... to 38%
FOREIGN RAILWAYS.
Boulogne and Amiens •• • - .. 10 .. • . 11%% .. to
Ceylon •• • • • • • • • • • • 55. •• • • I '• • ' to
Dutch Rhenish • • .. • • • • • • 5 8 .... to 7N.
Jamaica South Midland Junc ion • • 1 .... 3 s .... to
Luxembourg • • • • • • •• • • 4 2y04% to
Madras .. 2s. .... 114 .... to
6 11U..•• to
Orleans and Bordeaux • • . .

13i y,

MINES.

Real del Monte, Unregistered .. • • ...
JOINT-STOCK BANKS

Union of London • • ..

•• to

.. 10 .... 11% .. to—

COURSE OF EXCIIANGE.-(YESTERDAY.)
Amsterdam .. .. .. C.F. 12 9 1 91braltar.. • ...... .•• .. _
_—.

•
Ditto, at sight . • l2 5}
Rotterdam ...... 2 U 12 10
Antwerp. 26 15
Hamburgli ......M.B. 13 15
Altona • ....... .....
Paris, 3 days' sight .. 25 75
Ditto, 3 months 26
Marseilles
Bourdeaux . • • ... 26 10
Frankfort on Maine 122%
Petersburgh, 3 Us
Berlin ••..•• • • . • .•• • •

30 75
.... • •

Vienna, effee.flo• • • • • • 10 8
Trieste, ditto.. • • •..... 10 9
Madrid • • •• • ....... 36
Cadiz • • : • • • • 36
.. •• •...

Leghorn ..
Genoa .. •
Milan ..
Naples . • . 4t.
Palermo, per oz .. 119%
Lisbon.... •••• • • • ..... 52%
Oporto • .••• • . • • 52%
Rio Janeiro .• .• • • 2434
Bahia . ...............
Buenos Ayres
New York, 21 days' sight

Philadelphia .... ......
PRIC/18 OF BULLION, PER oz
Foreign Gold In bars ...£3 17 9
Portugal Gold Coin .. 3 17 5

Barcelona •• •• •

New Doubloons

New Dollars • •
Silver in bars . • • • • • • •

0 0

0
0 4 9%
0 4 11 k

LLOYD'S SHIPPING.-(THIS DAY.)
LONDON, JAN. 28.—Wind S., light airs and hazy, with drizzling
rain at times.
FALMOUTH, JAN. 27.—Wind W., strong breezes and squally.—
Arrd. H.F.M.S. llossignol, Cherbourg for Senegal ; experienced very
bad weather, and has thrown all her guns overboard; Johannes
Christophe, Grill, Hamburgh for La Guayra, leaky, bora up from
lon. 10.
Musoan, JAN. 26.—Arrd.,Adr! ana, Connell, Liverpool for Benin.
part of the crew in a mutinous state; Leech, Evan, Liverpool for
Swansea, leaky, and loss of sails, anchor, and cables, having struck
ea a rock.
Coax, JAN. 25.—Arrd. Sir John Beresford, Tredgold, Liverpool,
for Ceylon, &c., bore up from lat. 44, longs 12, with damage to
upper works and spar, &c., having encountered heavy gales; Reply,
Robinson, St. Domingo. Sailed, Cynthia Ann, Ballet, St. Jolyfs,
Now BrunsWick,
HARWICH, JAN. 26.—Sailed, Sarah Scott, Butcher; hobart Town.
SHIELDS, JAN. 27.—The Mary Anne. Melvil% of Dundee, in
putting to sea last night got on the Head-land ; crew saved.
CowEs, JAN. 27.—Arrd.'Nueva Yberlis, Travino, Havannah.
OFF DARTMOUTII, JAN. 27.—Nymph, Thomas, Newfoundland.
PLYMOUTH, JAN 27.—Wind N.IV., strong.-11. U. steamer Cyclops
Rio Janeiro.

MARKET. NEWS.-(THIS DAY.)

CORN EXCHANGE-WEDNESDAY.

The supply of Erglish Wheat on sale here was but moderate, yet
the qematri fbr that article was limited, at about Alooday's prices.
At the close of business a clearance was pat effected. Free tbreign
Wheat—the quantity of which on offer was small—met a slow in-
quiry; but holders were firm, awl oktained full prices in every in-
stance. In Grain, untie; I,opk• next to nothing was done. The best
malting E,Atlex rtas. cadte as dear, but other sorts were neglected.
Oats." Ilean.s,Teas, and Flour without alteration.

ARRITALS.
Barlcy.
2,40 qrs.

Oats Flour.
1,740 qrs. 1,460 sks
1,580
1,430

:at
Foreign ...... 2,4.70