The Sun.
London, England, 1851-05-19 00:00:00

THE SUN, LONDON, MONDAY EVENING, MAY l9,_ 1851.

ratter, or carry any contest into which we might
enter solely on public grounds beyond its legitimate
boundaries. SIDNEY SMITH has, however, explained
that boards can never be induced to act fairly or
honourably, and we must be contented to accept the
explanation given by the witty canon of the causes
producing such untoward results.
Last week we gave insertion to a memorial which
had just been addressed by a highly respectable firm,
Messrs. JOHN CRAVEN and Company, to the Mem-
bers of both Houses of Parliament, on the subject of
the regulations respecting the " refining of sugars in
bond," which affords a powerful illustration of the
system acted on at Thames-street, and the total ab-
sence of consideration for everything relating to the
interests of the home trade. We do not now enter
into that part of the complaint relating to the granting
of bounties by the Dutch and Belgian Governments
on the exportation of sugars refined in these countries.
Such a system of forcing productions has long been
exploded, and can only eventually injure the parties
wbo are taught to rely on such illegitimate stimu-
lants. The nation, or individual, who is willing to
dispose of goods at less than first cost must, sooner or
later, become bankrupt if they persevere in such un-
wise and injudicious proceedings. The parties against
whom such attempts may be made, although they
may be temporary sufferers, cannot eventually sus-
tain anyrealinjury therefrom. The process invariably
recoils on the heads of those by whom it is introduced
—we find " the engineer hoist with his own petard."
We do not, therefore, allude to the question of the
bounties as worthy of notice. But the other point
is one requiring immediate attention. It is, indeed,
a grievance of no ordinary magnitude, that British
refiners should be compelled to export their com-
modities, in order t' introduce them again into the
country at the same duties charged to foreign re-
finers. Now, we have been among the most strenuous
opponents of anything in the shape of "protection"
or monopoly, but we emphatically demand " fair play',
for the British producer. We ask for no advantage :
"a clear stage and no favour" is, however his right,
and that he must speedily obtain ; and any board
that opposes the just and righteous concession will
be swept away by the torrent of public opinion
that will be excited by their injudicious pertinacity.
There can be no sufficient reason assigned why
the goods refined in bond should not subsequently be
entered for home consumption on the same terms as if
they had actually been sent out of the country and
brought back in the same vessel. There can be no
magical charm in the touching of these sugars on a
foreign soil—we have never heard that they are par-
ticularly improved by a foreign voyage. But the
journey is rigorously insisted on by the authorities,
and the necessary expenses thereof for freight
charges, insurance, &c., are quite sufficient to turn
the scale iu favour of the foreign refiner, and to die
tance the British manufacturer in the race of com
petition on which he has entered.

be discontinued, and we place ourselves at the disposal
of the Chamber for the discussion of the other projects
on which reports have been made, especially of such as
may be thought urgent."
The Chamber then separated, after notifying that
it would meet on Monday at two o'clock for the dis-
cussion of the most urgent supplementary credits.

THE SHARE MARKETS

BRITISH ItAILW'AYS.

Railways.

Paid.

Aberdeen..
Ambergate, Nottingham,
Boston, & E. Juncion
Belfast and County Down
Woiverhamp.,
and Stour Valley
Birkenh., Lan., & Chesh
June., late 331.65. 861..
Do. Chest. & Birkenhd,
501. & 251. Consolidated
Do., do., 20/. ..
Bristol and Exeter..
Caledonian ..
Chester and Holyhead ..
Direct Lond. and Portem.
Dublin and Belfast Junct.
Dublin and Kingstown..
Dundalk and Enniskillen
Dundee, Perth, and Aber-
deen Junction .. .•
Do.. New ..
East Anglian (251. L. &
E. and L. & D.)
Do. (181. E. & H.) ..
Eastern Counties ..
Eastern Union, class A,
late E. U. shares
Do. do. do. ..
Do. do., B & C shares
East Lancashire .. .•
Do. New quarters • •
Edinburgh and Glasgow
Edin., Perth, and Dundee
Exeter and Exmouth ..
Glasgow and South-West,
De. do. G. D. & C. stack
Great Northern • . • •
Do. halves, A, deferred
Do. halves, B, 6 per ct.
Great Southern and
Western, Ireland ..
Great Western .. • .
Do. New, 171. ..
Lancaster and Carlisle ..
Do. thirds ..
Lancaster and Preston ..
Lancashire and Yorkshire
Do. quarter shares
Do. firths .
Do. West Riding Union
Leeds and Thirsk •.
Liverpool, Crosby, and
Southport ..
London and Blackwall
Do., Tilbury Ext. Scrip
London, Brighton, and
South Coast ..
London and N.-Westernl
Do. do. new quarters .
Do. fifths ..
Do. 101. sh., M.& IS (c)
London and 8.-Western .
Do. new 501. ..
Do. new 401.
Manchester, Buxton, and
Matlock
Manchester, Sheffield, &
Lincolnshire
Do. Manchester andl
Lincoln Union

Nonthsal Prices.

12% to 13%

4 - 434

17
100

5%
45

all
13 4
475
100

Midland • . • • • .
Do. 501. shares ..

Do. Binning & Derby
Midland Gt. West. (Ire.)
Newcastle and Carlisl•••
De. quarter shares ..
Newmarket • •
Newport, Abergavezny,
and Hereford
Newry and Enniskillen..
Newry, Warrenpoint, &
Restrevor
Norfolk .. .. • •
Do. New 201. shares..
Northern Counties Union
North British..
North Staffordshire ..
North-Western
North & Sth.-West.June.
Oxford, Worcester and
Wolverhampton.. ..
Scottish Central ..
Scottish Midland
Do. new ..
Shrews. & firm., Class A
Do. Class 8..
Shrews. & Hereford., Old
Do., do., New
Shrewsbury and Chester
(Nor. W. Min.)
Do. Halves ..
Do. Oswestry
Do. New..
Shropshire Union ..
Do., A, B, C, & D, fully
paid up at per cent
South Devon
South-Eastern ..
South Wales.. ..
South Yerksh. and.RiTer
Shoff., Roth. and Goole,
South Divi!sioa
Stockton and Hartlepool 1
Swansea & Loaghor, &c.
raw Vale Extension ..
Thames Haven Deck and
Railway „.
Vale of Neath
Waterford and Kilkenny
Waterford and Limerick,
Waterford, Wax., Wick.
and Dublin ~
West Cornwall ..
West London ~
Whitehaven and Furness
York, Newcastle, & Ber-
wick
Ditto and Newcastle
Extension ..
Ditto G.N.E. purchase
York and North Midland,

THE FRENCH REPUBLIC.

We leave received the Paris journals of Saturday
and yesterday.
M. DUPII`e took his seat as President of the As-
sembly on Friday, his leave of absence having ex-
pired. The Minister of the Interior presented a Bill
for concentrating into the hands of the Prefect of the
Rhone the whole authority, police and administra-
tive, of the city of Lyons. Urgency was declared,
and the Bill was ordered to be referred to the
Bureaux.

M. Meanriz has written to the Dibats, denying the
authenticity of the manifesto published in his name
simultaneously in that journal and in the foreign
correspondence of some of the English organs of the
reaction. The document furnished internal evidence
of its own falsehood; it was apparent on the face of
it that it was a clumsy forgery.
The Conztitutionnel says that the three reactionary
clubs representing the Buonapartists, the Legitima-
tists, and the Orleanists, have determined to petition
for the Constitution. This is, however, but the be-
ginning of the end of the party of reaction. Have
they determined in what sense it is to be revised ?
The sub-committee, on the proposition of M. BANX,
for preventing the sale of journals in the streets, met
yesterday, and, after a short dis.aussion, adopted the
principle of the proposition, but with a modification
permitting the sale in the offices of the journals, in
booksellers' shops, in reading-rooms, and at the rail-
road
stations.

100
42
34

4 2 •
100

100
47%
all

9-3

LINES MBAS:

10% - 10%

• • •••• ..

'l9 -81

134 - 13%
21% - 22

20 -

IS die,

9% - 1034

4 -4
2% -3
7 -N
6 -6%

4!( —4%
Ib3 —I6IA

33 - 304
7 - 8

%- %

16% - 11%
6 - 6►,(
12 - 123

41 -42
Si - 86
14X -14%
80 -82
9 -11 p.

00% —6O
10 —9% cl.
7% —s% dia.
16 —l7
IA 5Ni d.

9% .r. -9%
96 -- 97

124 —114%
3% —a% P.
,Il 410.
2% 3 14
86 —B7

73 —63 dig.
6 b dis.

3%-s% L
*0 -31

E 234 dts.
59 —5934
aid
aid MALI
1

8% 9
3% 3 dia.
5 —4% dia.

23 -25

13 —l2 oils:
3 dis.,
11% 9_

.ri -6% dls.
11 —lO dia.
S— 1 p

16 - 16%
16 -17

dis.
•5% •5
dis.
4W, 4 dis.
2% 2 dia.

17 —lB
834 9
13 —l4
% —3( die.
384 —3% d.

16 —lB
'2574 2634
2834 —293 G
134 1 clic

4%- 4%
9% - 10

73L -}i db.

16 —l5 dls.
6 6 d.

4)4 434 Ws.

• • .." ••

tio4 —sox

General FARVIER has laid on the table of the
National Assembly a proposition that the state of
siege in the 6th military division ediall be immediately
taken off.

The Evaement has been sieaod for publishing an
article against the punishment of
_death. It would
appear from this circumstance th st the guillotine is
taken under the especial patronage and protection of
the reactionary party.
The committee on M. DE ST. 13Euns's proposition
for the abolition of protective duties has reported
against its adoption.
/3 US/ NESS DULN E IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHAYGE, MAT 17.
Boulogne and Amiens, 9% East Indian, 16—Luxem-
bourg, 3 IX3—Northern of France, 14% - -Paris and Rouen, 24%
—Rouen and Havre, 91,4.

2% 2 dis.
414 24%

1/ 'IZED

M 1.1112001 done
to-day.

123 %

4 a% 3%

79%
13% % % %
20% 21%

4 3%
7 % 7

6 5i

153 % 16 15

18% % %

40% a%
84% 115 $4%

[573 55% X
is% 5, SS X

4% %
16% 16

96 34 [123%%
124 033 2434
20% % %
16%

86 ji 86)4
[ts6A

29% 20 2N

dis. [ss 573(
58% 57% 65%
11% 20
33

9 8 %

8% % % %
[034 % % %

5% 16% 15%

bX % dia.
4% dia.

Pi 34 34
26% }i A ,i
28Ni

MONEY and COMMERCIAL NEWS.
CITY
rpoo , TO O'C
The sales of Cotton at Livel onW
SaturdayLOCK.
were esti-
mated at from 3,000 to 4,000 bales. The market was heavy
. and closed in favour of buyers.—Railway Shares were dull
at rather lower prices.
No alteration has occurred to-day in the price of Wheat.
The value of money is not expected to undergo any
change in the discount market, although the fall in the
premium on Exchequer-bills might lead to an impression
that there was a scarcity of capital. It is in the Stock Ex-
change, however, that money has been wanted, and this,
owing to the three settlements that have been in progress.
The quantity of silver bullion exported again last week was
considerable, and there was a little gold also. The former
metal, however, is fully supplied by arrivals from America
and other parts, and of the latter we expect a large amount
within a fortnight, from the United States, Russia, &c.
As specie still accumulates in the Bank of France, and the
400,0001. of gold from Amsterdam, being the remnant of
the ten-florin piece coinage, has been forwarded.to Paris, it is
natural to assume that the French capitalists will be anxi-
ous to find a profitable outlay for some of their surplus, and
in this case the question to be considered is, whether Eng-
land offers such. If we were to give our own opinion,
which we believe also is that of the majority, we should
say that there is an ample amount of bullion in the Bank of
England for all useful purposes; and that it would be diffi-
cult to employ more, but since a continuous decline in the
amount would favour the impression that the balance of
trade was adverse, it is desirable to see the tide turned.
The Bank returns on Saturday gave promise of a change in
the right direction, anal as soon as the cotton speculators get
out of their difficulties, we shall find money as plentiful as
for some time past.
The advices from the United States are looked upon as
satisfactory in respect to mercantile and monetary affairs.
From Quebec it is stated, under date of the 2d inst., that
there had been a considerable fall of snow that day, but pre-
viously heavy rains had descended, and had done much good
in removing the frost from the ;round. The port began to
assume an appearance of business. Several launches had
taken place, and there were four more arrivals from sea, all
vessels with general cargoes, and singular enough represented
as all belonging to one firm.
The value of the exports of Canada last year has been as-
certained to be 2,990,428/., of which 1,521,2791. came to Eng-
land, and 1,237,7891. to the United States. The latter
country, however, takes a great deal in transit for Europe.
The exports include 1,360,7341. of timber, 1,046,034/. in vege-
table food, and 13,439/. in other agricultural produce.
The accounts of the Newfoundland seal fishery are very
encouraging. Upwards of twenty vessels had arrived at St.
John's from the ice with seals valued at nearly 50,0001.
Advices of January 30th from Geelong, Port Philip, re-
port numerous bush fires which had done considerable damage.
In an official return of the amount of Customs' duties re-
ceived last year at the different ports, we find London stands
first, then Liverpool, Bristol, Dublin, Glasgow, Leith,
Greenock, Hull, Belfast, and Newcastle. The total for
England was 18,056,7751., for Scotland 1,951,980/., and for
Ireland 2,055,9244., making the grand total 22,064,6801.
The transactions in the English Stock Market have been
rather limited, but prices have been maintained. Consols
have realised 97 to 14 for Transfer, and 9714 for Time. The
demand for money does not appear to have become less, and
the value of Exchequer-bills has not rallied, being 435. to
47s premium. East India Bonds have been 535. premium.
Bank Stock has been firm at 210 to 211. The New Three-
and-a-Quarter per Cents, have been marked 97% 34 ; and
the Three per Cents., 9614.
Foreign Securities have been neglected. Spanish, though
less dealt in, continue very firm at 2,a3 to 21. The Passive
Bonds are about 6. Portuguese Four per Cents. have been
quoted 32%. Mexican Bonds have realised 35 to ; and
Peruvian, 82. Dutch Four per Cents. have been 89
The Railway Share Market is fluctuating and depressed,
and upon the traffic will depend its revival and future steadi-
ness. There is no ground to conclude that this will not be
good.

40,
A .*k
.01 ,
4..
a‘• 11%11 't :151E-P4il ZZ' •m 0 5.".1 bia) • -
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