The Sun.
London, England, 1844-12-31 00:00:00

.; 822 50 .. 825

Rotten to Havre•• • • • • •• •• 822 50 825

Orleans . . .....1140

..1143 75 ..1140

..1143 75

Strasburg to 8a1e.......... 310 .. 310 . 308 75 .. 308 75
Avignon to Marseilles-- 932 50 .. 935 .. 932 50 .. 93.5
:RAILWAYS FOR THE ACCOUNT. JAN. 3.
St. Germain
Versailles, R. 8...... ..... 495 .. 500 .. 493 .. 500
L.B. .. 390 .. 390 .. 375 .. 380
Rouen ..1065 .-1065 .dO6O ..1061 25
Rouen to Havre ~. 822 50 .. 825 .. 822 50 .. 825
Orleans ......
Strasburg to Bale . 310 .. 310 .. 307 50 .. 308 75
Avignon to Marseilles-- 932 50 .. 935 . 932 SO 935

THE Foc.—On Sunday morning, a few minutes be-
fore 12 o'clock. the metropolis and its environs were
visited with so dense a fog that, though mid-day, it had
the appearance of night. At many of the churches and
chapels it was necessary to have the lamps lighted to
enable the clergymen to proceed with the seem,
The steamers and other vessels proceeding up and down
the river dropped their anchors, it being totally impossi-
ble to discern objects ten yards distant. About two o'clock
the wind shifted, when rain commenced, and the fog dis-
persed.
THE OFFERTORY AT HURST.—We are authorized
to state, that the steps taken by Mr. Cameron " in
giving up the use of the proper concluding portion of the
morning service, has, though not directed by the Bishop,
since received his Lordship's full sanction and approval,
in consideration of the extreme evils to be apprehended
in the parish if another course were persisted is."--
Berkshire Chronicle.
PIGEON FLYING MATCH BY NIGHT.—On Monday
night last the following unusual and extraordinary pigeon
flying match came off between two gentlemen for the
purpose of deciding a wager :—lt appears that some
doubt existed as to the power of the pigeon travelling
through the air by night, consequently the above match
arose to test the fact. The night was somewhat cloudy,
but, notwithstanding, the match took place, attended by
a vast crowd of persons who had been attracted to the
spot. The bird was to fly a mile between the hours of
ten and eleven o'clock at night. The pigeon having been
marked in the usual way, si as tossed at the door of the
George public- house, Gravel-lane, Southwark, where
the match was made, but was soon out of sight, reaching
its home in a few seconds in apparent ease. The bird
passed through the bolting wire of the trap into the
pigeon-loft, where it was secured by the owner, who pro-
duced the bird at the house where the match was made
under ten minutes, to the great astonishment of a large
assemblage of pigeon fanciers and others. The pigeon
alluded to is the property of Mr. T. Braddock, of Win-
chester-place, Southwarh. The same bird has flown
from Windsor Hampton Court, Gravesend, and many
of the principrl race-courses in England in extraordinary
quick time.
REFUSAL OF A CHURCH-RATE AT HELSTON.—On
Friday last, a meeting took place at Helston for the
purpose of making a church-rate, when a rate of a penny
in the pound was proposed and seconded ; after which an
adjournment for six months was carried by a large ma-
jority.— West Briton.
OPENING OF THE EDINBURGH, GLASGOW, AND
AIRDRIE RAILWAY.—This spirited undertaking, which
makes a direct communication between the town of
Airdrie and the Edinburgh and Glasgow Railway at
Kirkintilloch, was opened by the Directors, on an experi-
mental trip, on Wednesday last. The twain left Airdrie
at half-past twelve o'clock, and arrived at the terminus
in Queen-street, Glasgow, exactly at a quarter past one,
thus performing the trip in three-quarters of an hour.
It is expected that this railway will be a great advantage
to the inhabitants of Airdrie. The Directors of the
Railway very handsomely invited the magistrates and
council of Airdrie to accompany them on their experi-
mental trip, and to lunch with them at the Glasgow
terminus. The railway was opened to the public on
Thursday last.—Glaseow Saturday Post.
The wcrks of the Lewes and Hastings Railway are
advancing very rapidly ; and greater progress has been
made in them than, we believe, is generally thought.
Although only commenced a few weeks ago, above a
mile is completed, and temporary rails laid down,
between Brighton and Falmer, and a much greater
distance is nearly finished. On going over the works,
we were surprised to find deep cuttings and high
embankments made where but now the only indica-
tion of a rail way was a flag-staff. At Falmer, where
the largest tunnel—half a mile—occurs, the main shaft
is nearly bricked ; the bore is being made in both
, directions from the shaft, and will be met by the opera-
, tions from each extremity—so that four movements
are proceeding in the process of disembowelling the
earth and letting daylight into it. On the Brighton side,
about one hundred yards of tunnelling have been per-
formed ; and the whole work is expected to be finished
by this time next year. As yet everything has pro-
ceeded smoothly and rapidly, under the direction of the
contractor, Mr. Withes, and of the engineer of the line,
G. Meredith, Esq. The soil (chalk) is admirably adapted
for works of this kind, and not a single accident has
occurred.—Brighton Herald.
INIQUITOUS INJUSTICE OF THE INCOME-TAX.---FOF
example :-3001. per annum arising from capital invested
in the Three per Cents., is at the present moment worth
10,0001. The income of a clerk is unsaleable ; it depends
upon personal services, for which he may be incapaci-
tated at any moment ; and if he die, his family are
beggars. Yet the clerk is called upon to contribute the
same amount to the revenue as a rich man with 10,0001.
in the funds ! A system of fiscal policy more cruelly
unjust it would be difficult to conceive, one in which the
injustice is more clear and self-apparent ; but the
majority of the House of Commons, when the tax
was thus unequally imposed, shut their eyes to its
iniquity ; and they will do so again, if the public let
them. The principle is the same, if we compare the case
of a tradesman with an income of 1,0001. derived from
the profits of his business and a nobleman of 1,0001. per
annum derived from landed estates. The value of the
latter at only twenty-five years' purchase is 25,0001.; the
good-will of a business, dependent upon the innumerable
accidents of trade, will rarely sell for more than five
years' purchase. The relative position, therefore, of the
tradesman and the nobleman, in the case supposed, is as
one to five, and the operation of the present income-tax
is as five to one in favour of the nobleman. At the end
of three years, each will have paid 90/. to the revenue—
the one out of a property worth 5,0001. at the time the
tax was imposed, the other out of a property worth
25,0001. at the same period.—Westminster Review.
Fritz IN GORBALS.—Between six and seven o'clock
this morning, a fire broke out in the cotton factory of
Messrs. M'Aslan, in Muirhead.street, Gorbals, shortly
after the work had been set on, which for a time threat-
ened not only the destruction of the entire building, but
the loss of a number of lives. It originated in the pick-
ing-room, and speedily enveloped the whole of the lower
flat. By the timely arrival of the Gorbals fire-engines,
its farther progress was checked, and the upper flats of
the building saved ; a considerable amount of property,
however, was destroyed. When the fire was first ob-
served, the workers in the lower flat made their escape
as quickly as possibly ; but those in the other parts of
the building, especially in the upper flat, got through the
smoke with difficulty. We are happy to say that no
person was injured, and that the flames were coini.!;,tel3r
got under by nine o'clock. The West of England en-
gine, we may remark, was in attendance, as well as the
Gorbals brigade.--Glasgow Saturday Post.

MONEY AND COMMERCIAL NE WS

CITY, MONDAY EVENING.
There was no improvement in the English Market,
Consols closing at 100* ; New Three-and-a-Quarter
per Cents. at 103.1 i ; Reduced Three per Cents. at 1001
; and Exchequer Bills at 625. to 645. premium.
The Spanish Market, however, rallied, the Five per
Cents. being 27i i ; and the Three per Cents., 38* 4.
Mexican continued flat at 35* I. Portuguese Converted
were 604 ; and Colombian, 14i. Dutch Four per Cents.
were 978 to 8.
The additional transactions in Railway Shares have
been these :—Bristol and Gloucester, 13 ; Cambridge
and Lincoln, II to -1 ; Chester and Holyhead, Eastern
Union, 4 ; Edinburgh and Glasgow, 118 ; Hull and
Selby, 20 ; South-Western, New, 8 ; Manchester and
Leeds, Half, 23 ; North Kent, I ; Norwich and Brandon,
sj; Rugby, 8 ; South Eastern, 71 ; West Cornwall,
; S-lby Extension, 12 ; Lyons and Avignon, ; and
Orleans and Bordeaux, 51 premium. Birmingham and
Gloucester were par to premium. Eastern Counties,
9i ; West London, Old Shares, 15 ; and Strasbourg and
Bale, 11 to 1 discount. London and Westminster Bank
Shares were 68 p:emium.
(Frot.- The Sun of Last Night.)

There was a steady demand for Coins; at Liverpeol
on Saturday, and prices were firm, but not higher.
Sales, 7,000 bales, including 2,000 bales on specu!ation.
In general, the Message of the President of the United
States on the opening of Congress, is held to he satis-
factory ; but there is one point upon which it is deemed
to be not favourable to the claimants upon the repu-
diating States. Not a word is, in fact, said upon the
dishonesty of the repudiating States—not a word
of admonition to them to pursue in future
a more honest course, by which the honour
of the whole Union would be relieved from
the stain that has been cast upon it. In the Message
there is a paragraph which ought to tell on our Prime
Minister. The American President thinks, and with
truth too, that the reduction of taxation ought to be the
main point to be considered when there is a surplus
revenue. On this side of the Atlantic there are thou-
sands of persona who think that it would be
better to reduce direct taxation, rather than
by laying out any of the surplus receipts of the kingdom
over expenditure, in taking out of circulation driblets of
the National Debt. Sir Robert Peel should look to this
subject. If carried out to the full extent possible, it
will give satisfaction to the " millions."
The speech of Sir Charles Metcalfe on the open-
ing of the Session of the United Colonial Le-
gislature has been well spoken of in the course of
trade this morning. The election of Sir A. M'Nab to
the Speakership is considered a favourable feature, as it
is thought to demonstrate that there will be less of party
spirit in the discussions that were to come on in the Le-
gislature. The weather was rather mild than otherwise.
The navigation of the lakes and portions of the St. Law-
rence was partially closed.
Information has been communicated to us this morn-
ing corroboratory of the advantages of the fruit trade
taking Southampton as their point of arrival and depar-
ture. The Elenor sailed for Fayal on the 24th Novem-
ber; reached there, took in her cargo, and returned on
the 28th December. The Styx steamer departed from
Southampton for the same port, and reached Southamp-
ton yesterday with a full cargo.
The market for the public securities has been some-
what heavy to-day, a few speculative sales of Consols
having been made. The price for the Account has receded
from 1001 to look ; the Reduced Three per Cents. from
1004 to 1001; and the New Three-and -a-Quarter per
Cents. from 1038 to 1031 Among the speculators on
the Stock Exchange the President's Message caused
little remark. The premium upon Exchequer-bills is
steady at 625.; Bank Stock for the Account is at 211.
In anticipation of the, settlement in the Foreign.
Market, which is fixed for to-morrow, there has been a
very good amount of business transacted to-day. Mexican
Bonds have fallen from 364, the last price of Saturday,
to 35e Portuguese Converted have declined to 60,
but are now 4 per cent. better. Spanish Consols ar
down to 27 ; and the Three per Cents, to 37k. Dutch,
Brazilian, and Chilian are rather lower also.
The Shares of the thief Railway Companies are on
the rise. London and Birmingham have been sold at
129 premium ; the Birmingham and Gloucester at 1 dis-
count ; the Bristol and Gloucester at 1191 to 14 premium;
and the Great Western to 76 premium. There were no
quotations fur Banking Shares this morning.

PRICE OF BRITISH FUNDS AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 2104
3 per Cent. Reduced Annuities
New 34 per Cent Annuties
Consols for Opening
Bank Stock for Account.
India Stock 2874
Exchequer Bills. lid. 14d.
1,0001.
500/.
Ditto Small —
Ditto Advertised ..... ... — pm.
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican Bonds, 1837, 5 per Cent 35444
Ditto for the Account ... 36 354
Ditto Deferred
Peruvian Bonds, 6 per Cent
Ditto for the Account 291
Portuguese Bonds, 5 per Cent B6
Ditto Converted 6Ol
Spanish Bonds, 5 per Cent., 1840 274 27
Ditto Passive Bonds 634
Ditto 3 per Cent 3B 37/
Dutch 24 per Cents
Ditto 4 per Cent. Certificates
Ditto 5 per Cent 99
PRICE OF SHARES AT ONE ONE O'CLOCK.
RAILWAYS. PAID. PER SHARE.
Birmingham and Gloucester 100 -
Ditto, New
Bristol and Gloucester
Caledonian 5 444 to
Chumet Valley
Dublin and Belfast Junction 24 ... ~. 44 -
Eastern Counties -
Great South and W. (Irish)... 5
Great Western
London and Birmingham ...100 2264 to 229
London and Blackwell
London and 8right0n.......... 50 ...... 514/ to
London and South Western.. 411 ...... -
Ditto New —
London and Croydon
London and Y0rk........ 24 ..
Manchester and Leeds 7O 1214
Ditto 4 Shares
Midland 100
Birmingham and Derby lOO B5 to
Newcastle and Berwick
South-Eastern and Dover... 334
Yarmouth and Norwich ..... 20
York and North Midland... 50 lO 3
Ditto Scarboro' Branch lO 314
Ditto Selby Scrip 2O 674
Boulogne and Amiens
Orleans and Bordeaux ... .. 2
Paris and Lyons - to
DUTCH FUNDS.—Ammaeam, Dec. 27.
Money. 8111 s.
Actual Debt, 2% per Cent..................... 64 $4%
Ditto, ditto, 3 per Cent N. 7B 79
Ditto, ditto, 4 per Cent.
Data. aitto 5 per cent.
A nun t Syndic, 4% per cent 19% Ino
Pato, ditto, 3% per cent .........
Commercial Company. 41i per cent ..... 147% 148%
Loan 1837, 4% per cent. .....
Exchange on London, Onemonth
Two months l2 15
At sight. l2 20
Dutch Papers, Dec. 28
BELGIAN FUNDS.—Baussime. Dec. 27.
Actua Debt, 2% per Cent., ....... ....... .. ....... .......
Rothschild's Loan, Five per Cent .. . . .... ............. .
Lean of Thirty Millions, Feur per Cent 99%
Three per Cent...........
---- Thirty-seven Millions, ditto ... ......... .... 78
(1840).......... ..... 103%
Loan of City, 1843, Four per Fent...... .......... ...... 1037
1832 ............ . .......... . ..... ..... --
Society of Cornerce, Four and a Half per Cent.
Bank of Belpum, Five per Cent. 5B
Issue of
_Brume", *Papers. Dec. 287
HAMBUEGH BORSENHALLE, Dec. 20.
Sills. Money.
Austrian 5 per Cents. ................... .............. 113
Bank Shares ..... ...
Anglo-Russian Lean ........ ..... .....
Russian 5 per Cent., lit series, Certifirate....,, 1051 105%
Inscription, let series
Russian a per Cent. Hope and Co., 3d and 4th
Series ..... .. ....... —...... ........ .................. 90%
Ditto in Certificates ......... ....... .. .• _... 99%
New 4 per Cent. (1810). ... ....... ....... ........... 91%
Dutch Actual Debt, 2%.per Cent ..... .......... 63% 63
Ditto 5 per Cent, _
Anglo-Danish Loan, 3 per Cent. 87% lag
Spanish. New 5 per Cents.
Polish Bonds ••..... ....... ....
New Tickets
Exchange on London.
Hasaburgh, One month —
Two m0nth5,...,.,,, 13 8
CLOSING PRICES.
BRITISH FUNDS.

Bank Stock
IsT3
epwer3Ciepnetr.
CReendtuc.e.d.
..........
...
110301
Bank Stock for Account
Consols
Indian Stock 2B7i
Exchequer Bills, 1,0001., lid.
Ditto 5001.
Ditto Small
FOREIGN FUNDS.
Columbian Bonds 6 aer Cent l4i
Russian Bonds
Spanish 5 per Cent. 1840
Ditto 3 per Cent. 3B}
Dutch, 2i per Cent —
Ditto, 5 per Cent 9Bi
SHARES.
Birmingham and Gloucester, 100 paid
Bristol and Exeter, 70 paid 6B
Bristol and Gloucester, 30 paid
Cambridge and Lincoln, li paid . 2
Chester and Holyhead, 5 paid 5
Eastern Counties, 25 paid. 151
Eastern Union, 10 paid..... lOl
Edinburgh and Glasgow, 50 paid 6li
Hull and Selby, 50 paid
London and South Western, 41i paid —
Ditto New
Manchester and Leeds, 70 paid
Ditto, Half Shares, 30 paid
North Kent, 2i paid ...
Norwich and Brandon, 8 paid l3*
Rugby, 1 paid li
South Eastern and Dover, 33i paid 4oi
West London, Old Shares, 20 paid , 5
West Cornwall, li paid
York and North Midland, 50 paid
Ditto Scarboro' Branch, 10 paid 314
Ditto, Selby Scrip, 20 paid
Ditto Extension l2
Orleans and Bordeaux, 2 paid 7l
Strasbourg and Bale, 14 paid

The Earl of Cardigan has given away seven oxen
this season to the necessitous in the vill.iges of Deene,
Deonethorpe, Wasbthorp, Stangon and Corby. The
Countess has also made a liberal distribution of warm
clothing and other necessaries to the
_poor of the district
origrounding his Lordship's estate in Northamptonshire.