The Sun.
London, England, 1848-07-11 00:00:00

MARKET INTELLIGENCE.

(From the London New Price CurrentoiLryll.)
SUGAR.—Although the sugar-duties Bill has passed
the House of Commons, and the usual propositions ad-
hered to, that is to say, colonial to be subject to a duty
of 13s, clayed Foraign 204, and brown ditto 18s 6d
per cwt, still there was no improvement in the
home demand to-day for any kind of raw Sugisr,
whilst the export orders completed were trifling. Prices
are depressed for all sorts, and with colonial the market
was well supplied. Of West India Muscovado the
quantity sold was small, and amounted to only 280
hhds &c., including a public sale of 125 hhds Barbadoes
at the 13s duty, which went off quietly, middling yellow
at 38s 6d to 39s 6d, good 40s to 41s 6d, and fine 42s to
435. Prices of West India Sugar of all kinds are 6d
per cwt lower than on Friday.
REFINED.—To-day the dealings in Refined goods by
the home trade were of a limited nature, still brown
grocery lumps could not be obtained under 54s 6d, and
to pass the standard 55s 6d per cwt. In Bonded Crushed
Sugar a fair business was concluded, and prices are
firm at 25s Gd to 27s per cwt.
MAURITIUS.—This afternoon there was little disposi-
tion shown to do business in Mauritius Sugar, and
11,157 bags 323 trs were offered at public sale. The
biddings were languid, and prices declined 6d to is for
yellow, and 6d for brown and grey serfs, still the chief
portion of the Sugar was sold.
EAST INDIA.—This afternoon Madras Sugar met with
less demand, and 3,052 bags at public sale were only in
part sold at 6d to is per cwt decline. Of Bengal I,OOG
were sold, but upon rather lower terms.
FOREIGN.—This afternoon little desire was shown to
do business in Foreign Sugar by private treaty. At
auction 80 bags of Pernambuco went at 35s for low dark
brown.
COFFEE.—This afternoon Plantation Ceylon met with
attention, and 36 casks 892 bags at auction were all sold
at firm rates. For Native there was less demand, and
1,151 bags were only partly sold, but full rates were ob-
tained. Of Madras, 146 bags were taken in at 26s to
27s for fine ordinary, and 250 bags St. Domingo at 28s.
57 casks 294 bags West India went at full terms.
COCOA.— There are again heavy arrivals of West In-
dia, and sellers are disposed to make a further conces-
sion in the value; buyers on the other hand make sales
with caution. Red Trinidad can be obtained at 38s to
425, and grey 35s to 3Ss. None at present has been
offered at public sale. For Foreign there are few buyers,
and holders are sellers at 32s to 34s per cwt.
TEA.—To day a gond amount of business was tran-
sacted privately, chiefly in Congou, and at dull rates.
It is difficult to obtain sound clean under 8d per lb.
RICE.- To-day more inclination was shown to do
business in East India Rice, and privately several par-
eg
Bengalls6wd we
fr
oewr se orled sold..
middlingA t
2pp, uoi cy
bags swal
he t
I:7,lsaodabags
sws le6,
nOdtoOtaotp osscsskie.ottors
,damaged. These rates are all 6d per cwt higher.
SALTPE:TRET-To-day there was little desire evinced
to do business in rough, and on the part of holders a de-
sire was shown to sell; the market was also well sup.
plied. Of 1,785 bags Calcutta offered at public sale, a
small part only sold at a reduction on former rates of is
per cwt. Of Madras 547 bags were all bought in. For
British Refined the market is dull. Nitrate of Soda is
little wanted.
SPIRITS.—There are sellers of all kinds of Rum upon
lower terms, as export orders are trifling, whilst home

dealers operate with caution, and there i 3 an extensive
stock. We quote proof Leewards at is 7d to is Bd, East
India proof Is 4d to is 6d, Demerara 28 to 38 per cent
over proof 2s 6d to 3s, Jamaica good and fine quality 33
to 37 per cent over proof 3s 9cl to 4s scl, middling and
good middling 3s 5d to 3s Bd.

INDIGo.—The market for East India is in an unfavour
able position, especially as regards the better qualities.
There is a great want of export orders, and the home
trade are very cautious in their proceedings. The
quarterly sale commenced this day, and the quantity
declared amounted to 9,208 chests. of which 1,120 chests
have passed the sale this day. The attendance of ex-
port and home buyers was very small, and the biddings
were far from being animated. Importers have, gene-
rally, given strong support to their Marks by buying in
a large proportion.
COCHINEAL. This afternoon there was not much
desire evinced to do business, and 200 bags of Mexican
at public sale were only in part sold at 3s 5d to 3s 9d
for silvers, which are about former rates, but blacks sold
at 36 6d to 4s I d, which is ld lower.

TALLow.—There rre sellers of Russian on the spot
upon reduced terms, yet on the trade liltle desire has
been manifested to do business, and 44s to 44s G(1 is
the value of fine Petersburgh Yellow Candle ; a further
reduction is expacted to take place. For delivery in
the last three months of the year, sellers are
willing to accept 435, but few buyers are to be met
with. Of home made there is a good supply with
only a limited demand, prices have fallen to 43s 6d to
44s 6d nett cash. There is no decrease in the supply
of other kinds of Tallow, and lower rates are accepted,
but the parcels offered at auction were nearly sold.
Rough Fat is freely offered at 2s 6d per stone.
OILS.—The imports of Fish Oils are upon an enlarged
scale, whilst former rates are Rot supported, ex-
porters and home consumers not having shown
much desire to do business since this day week.
Southern is less required, and must be called rather
cheaper, whilst few sales have been made in the private
market. At auction 103 tuns were sold. Cod has been
dealt in wtth caution. For Sperm the market has a
dull aspect, and as there is a plentiful supply,
prices continue to recede. The best British Oil
cannot be quoted above 781. per tun. In
the value of Linseed Oil we have little variation to
make known, but the home demand has become limited,
and few export orders have been completed. Rapeseed
Oil has been dealt in with caution, and prices keep upon
the decline. For Palm prices do not improve on ac-
count of heavy arrivals.

IMPERIAL PARLIAMENT.
(THIS EVENING.)

HOUSE OF LORDS.
Their Lordships met at Five o'clock.
PAYMENT OF DEBTS BILL.

The Payment of Debts out of Real Estate Bill passed
through Committee.

SEDUCTION BILL.

The Bishop of OXFORD moved the third reading o
the Seduction of Females Bill.

Lord BROUGHAM objected to the Bill as going
much further than was intended—much further than the
Bill which had been sent up from the House of Commons
two sessions since.

The Earl of MOUNTCASHEL supported the mea:
sure.

Lord DENMAN thought that the measure was not
calculated to carry out the object intended, but would
become merely a means of enabling persons to extort
money. The law at present v.as sufficient to punish
persons guilty of those crimes which this Bill sought to
punish. _ _ _

Lord CAMPBELL despaired of their Lordships be.
ing able to frame any Bill which would remedy the evil

(LEFT SPEAKING.)

HOUSE OF COMMONS.

ENCUMBERED ESTATES (IRELAND) BILL.

(Continued from our Afternoon Edition.)

Sir JOHN WALSH opposed the Bill, hflieving that
the House or a Committee of it was not the proper
tribunal for settling the question. Ile admitted it was
desirable to facilitate the sale of encumbered estates—
(Hear, hear)—but as this Bill would constitute a very
serious invasion of the rights of individuals, and
open a door for the admission of fraud, he
felt it his duty to oppose it. After the
stringent measures they had passed of late, with
respect to land in Ireland, it was most unjust now
to bring forward a measure which would have the effect
of wresting property from the hands of many of the land-
lords of Ireland. It would have the effect of destroying
the stability of investments in Ireland, and prevent the
increase of that trade which they were so desirous to
awaken.

Mr. B.' OSBORNE said, the speech of the Ho-
nourable Gentleman was an able and excellent one
if the interests of the mortgaged proprietors of
Ireland were merely to be considered ; but if the
vast interests of the commonwealth were to be weighed,
his speech was one-sided in the highest degree. The
Government had, he thought, acted most fairly and with
the best motives in bringing in this measure. To
show the necessity of such a measure, he might
state that the Honourable Gentleman (Mr. Sadlier)
was the real owner of several estates in his (Mr.
Osborne's) neighbourhood, though he had not the credit
of being so. He complained that so much of the time
of the House was occupied in the discussion of
Irish measures, which ended, after all in nothing.—
(Hear, hear.) For instance, this very Bill had been
mentioned in three Queen's speeches, and yet it had
been put off from time to time, and its principles had
been materially altered from those in which it was in-
troduced: it was like a new Bill tacked upon the end of
the old one, and he feared if it were passed in this House
it would not receive the sanction of the House of Lords;

yet he was glad to accept it as far as it went. He ob-
jected to the references named by the Bill to the Court
of Chancery in Ireland. All who knew the chicanery
and delay of that office, the vast amount of business
that it had to discharge, must be dissatisfied with this
principle.—(Hear, hear.) Therefore, however much
they might object to the appointment of Commis-
sioners, he considered that the institution of such
a body would tend much to facilitate the sale of en-
cumbered estates.—(Cries of "Hear.") Their great
object should be to make land cheap. Nov he bad ob-
tained the opinion of two eminent lawyers on the Bill,
and they agreed in stating that this Bill would not tend
in that direction.—(Hear.) Unless they lessened the
stamp duties necessary on the transfer of es-
tates, great reluctance would continue to exist
on the part of many to try property. Great good would
accrue if landlords were allowed to sell their estates in
small portions. The landlords of Ireland were not worse
than those of England, but their position prevented
them from doing all they wished. The number of
persons interested in property in that country
were so numerous that no valuable improvements could
be accomplished.---(Hear, hear.) The state of Ireland
was most unhealthy, and the condition of the land had
more to do with the evil than anything else. Why it
appeared that the money paid out of the Court of Chan-
cery in Ireland for improvements was only ss. 4d.per cent.,
whilst the residue was devoted to the support of minors,
lunatics, and others, who devoted no attention to the land
from which they derived it. And then the receivers
were selected not so much from their knowledge of how
to manage an estate as from their ability to drain
the pockets of the tenants. He cited the case of " O'Sul-
livan v. O'Sullivan," to show that 600 tenants had died
on an estate and been buried in a hill, in consequence
of not being afforded the necessary releif out of the
Court of Chancery. The estate in consequence fell into
an unlucrative state. The proximate cause of the
murder of Major Mahon and others arose out of estates
then lying in the hands of the Court of
Chancery. There should be a registration
office in Ireland as in Belgium. Unless they placed the
possession of the land in Ireland upon a better footing
than at present, anarchy would be the result, and the
property they possessed would be destroyed. He quoted
the cases of Spain, Norway, and France to show that
great advantage would accrue from the subdivision of the
land into small farms, and the creation in consequence
of a small class of farmers, no matter of what religion.
The value of land in Ireland would be thus increased—
(Hear)—and the crop also. Irish landlords owed a great
debt of gratitude to the Solicitor-General for bringing in
this Bill, which would receive his warm support.--(Hear.)
Mr. HERBERT should support the Bill, as he be.
lieved the fair and reasonable rights of the landlords
of Ireland would be protected by it. If they did not
take advantage of this Bill, he believed the time would
come when they would have no rights to protect.
Mr. F. O'CONNOR tendered his thanks to the Solici-
tor-General for the alterations ho had introduced into
the Bill since it had been brought down from the House
of Lords. It would be a happy thing for Ireland if
there were not a solicitor in any part of that country.—
(A laugh.) He condemned the Irish landowners for
coining to that House for stringent measures, when those
measures might have been rendered quite unnecessary
by the proper discharge of their duties.—(Hear, hear.)
He was glad, however, that during the present session
one measure, at least, had been introduced which was
calculated to ameliorate the condition of that country.
Mr. S. CRAWFORD supported the motion for
going into Committee. He approved of the principles
of the Bill,:but he objected to some of the details.
Sir GEORGE GREY said if the discussion came to
a conclusion at tho present sitting, he should propose
that the House should go into Committee on the Bill on
Thursday next at twelve o'clock.
Mr. CALLAGHAN opposed the Bill, which he said
had created a great deal of surprise and dissatisfaction
in Ireland.
Colonel DUNNE opposed the Bill. It was per-
fectly void in principle, and bad not the approval
of the highest legal authorities either in this country
or in Ireland. It was a curious and singular circum-
stance that the Attorney-General had been absent
during the whole of the discussion upon this Bill. That
discussion had been of the utmost importance, for in the
first place it had shown the imperfect state of the exist-
ing law, and in the next it had shown that the Bill, in-
stead of amending the law, was calculated to increase the
difficulties which at present attended its operation. There
was no country in Europe to which the Bill was less ap-
plicable than Ireland. If it were passed it would have to
be administered and carried out by lawyers, and would
thereefore neither facilitate the transfer of property nor
cheapen the process by which that transfer could be
effected.
The amendment proposed by Bir Lucius O'Brien was
then withdrawn, and the House went into Committee
pro forma upon the Bill, Mr. Bernal in the chair.
The preamble was postponed, the Chairman reported
progress, and then obtained leave to sit again on
Thursday.