The Sun.
London, England, 1845-08-13 00:00:00

Tfit44-70 Tibttion

THE FUNDS-(CLOSING PRICES.)

ON.& CLOAINii
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES
3 per C,,nt. Reduced 9l %
%
99%3% % 99%s
3 per Cent. Consels Annuities 99.
New 34 per Cents lO2 /417.23/4 102%
Long Aunuities toexnireJan.lB6o 111 z 11 7-16
Ditto 30 years, Oct. 10,1859 lll4 1114
India Stock
Satoh Sea Stock
Ditto Old Annuities
Ditto New Annuities ... 9B V
, 98%
Consols for Account ... 991/4% 99%
Exchequer Bill!, 1,0004, 11/2d. ... 49 51 pm. :)1
Ditto 5001.
Ditto Small

ONE

I'fl.-ES OF FOREIGN FUNDS.
Mexican' 5 per Cent. 1837...
Ditto. Deferred
Peruvian Bonds, 6 per Cents — 4014
Portuguese 5 per Cents. — 6414
Spanish 5 per Cent. 1840.
Ditto, Deferred . 1578 15714
Ditto 3 per Cent.
Venezuela Bonds, 2 per Cent 44%
Dutch, 2% per Cent
Ditto, 4 per Cent. Certific lOO4 10014
PRICES OF PAID. BUSINESS DONE CLOSING
B kILWAY SHARES AT ONE O'CLOCK. PRICES
Armagh, Coleraine, and
I'ortrush IN l:7
Aylesbury and Thame.. 1,':,, ...... 2%
I;ristol and Exeter 7O
Do. New
Bristol and Gloucester... 30 ......
Caledonian
Ditto Extension
Cambridge and Lincoln I% ...... 314 3
Chester and Holyhead... 15
Coventry, Nuneaton,Bir.
and Leicester 1 ...... 2 134 l:3i
Cornwall
•
•
Dublin and Belfast Jane. 21, .8%
Dublin and Galway. 21/2 2% 2'i
Evtern Counties 14/. 165...... 19% 20 1914... 21)
Ditto New 4/. 16s.
Eastern Union l3 .... -
Ditto Extension . ... 112 • 3l/4
Edinburgh and Glasgow 50
Ditto Quarter Shares 121,2 2112
Ely and Bedford
Great South. and NV est.
(Ireland)
Ditto Extension
Great North of England-100
Ditto New 2
Great Western BO
Ditto Half Shares 5O l2l
Linii and Selby
Ditto, Quarter Shares 121,4...... 2212 ...
Do. Half Shares
I,Pricast,r and Carlisle... 25
Leicester and Bedford... 225......• 2A14 p 2%
I.,•ncion and Birmingtun (Stock) 249 245 247
Laudon and Blackwall. 16/. 135.4 d. 10%1,04 103%
London and Bright0n... 50
London and Croydon, 131. 15s. 9d. 233% 24 223% 2314
Do. New l3s 4d IV/•••• •• - 1q P
London and Greenwich 12115 s 4d ll 10 A
Lw.,l. & S.Western 411 6s 10d Bl
Do. New
!_on den and York ...... ... 21/2•••••• 4% 4% ...... .. 434'
Londonderry& Coleraine 21,2.....• 3 3/8
Londonderry and Ennis-
killen 212 23/4 23/
Lynn and Ely
rn
Lynn and Dereha 136 s
4Ai'''/ 418
Manchester and Leeds... 76 -
Do. % Shares
Do. 14 Shares
Manchester and Birmin. 40
Do. New Quarters ... 2
Manci,:•ster,Buxton, and
IN.l:•tioci, 225....... 6:,, %
Nidland 100 172 170
Do. New
New, ,iti,i le and Berwick 11,4 23% 23
Newry and Enniskillen. 21/4
Newark and SLetheld .. 11A 9 f/0 % •
North British
Do. New
Norwich and Brandon... 14
Portsmouth Direct ...... 2% 3%.
Preston and Wyre
Rugby, Worstr, & Tring 1
Scottish Central
t-cottish Midland ll/2. ... 2
Shrews., Wolverhamp.,
Dudley, and Birrn 2%. ... 4%
Shrewsbury and Trent
Valley Union 22s.
South Midland 22s.
S4uth Eastern & Dover 3312 s 4d 45%
Do., N 0.2.
: ;Do~ No. 3
South Wales .... ... 21451,4%
Welch Midland
York and North Midland 50
Do. Extension

CLOSING
PLR; ES.

O'CLOCK.
351/2A
191/2

?., p
173

2%P4
451/2
143/4

FOREIGN RAILWAYS.
Boulogne and Amiens... 6
Dutch Rhenish
East Indian ... ..... .... ss.
Jamaica Junction l%
Louvain and Jemeppe... 4 ... .
Great North. of France

(Laffitte's)
Do. do. (Rosarnel's) 2 ...... 3 2:4 3%
Lyons and Avignon
Euxenbourgh
(I! ; .1:1s and tiordei,i x... 4 ...... 11 104
Faris & Lyons, Laffitte's 2
Paris and Lyons, Gan-
ncron's,
Paris and Rouen
Paris and Strasbourg
(Ganneron's) 2 ...... 91A
Royal North of Spain ... 2
Sambre and Meuse ..... 4
Tours and Nantes, Mac-
kenzie's
West Flanders

SUNDERLAND ELECTION.

SUNDERLAND, TUESDAY MORNING, AUG. 12.--Yesterday
the exertions of the candidates and their friends were inereat•ed,
and the town is now on .4 the tiptoe of expectation," and in a
state of great excitement. Mr. Hudson and Mr. Cobden ar-
rived during the day, and the appearance of the latter gentle-
man has given renewed animation to the contest.
In the evening, Mr. Cobden, M.P. (who arrived in the
town during the day); Colonel Thompson, and Mr, Bright,
M.P., adth.essed the electors in the Polytechnic Hall of the
Athemeum. The gallery was reserved for ladies. Both putts
of the building were crowded to excess, and also the adjoining
lecture theatre, which is separated from the hall by a wooden
partition, and in which, when the inner doors are opened, the
persons assembled are enabled to hear, though not to see the
speaker. On the platform were some of the most active and
influential Liberals in the borough.
Joshua Wilson, Esq. (of the well-known firm Wilson and
Brothers, merchants and importers) presided, and at once in-
troduced Richard Cobden, Esq., Member for Stockport, to the
meeting.

Mr. COBDEN said, I received a summons from our good
friend Colonel Thompson to come here to pay my respects
to you in person. I must confess I think it almost a work
of supererogation that 1 should come here at all ; for when
you have my master and teacher to teach you, I hardly
think it is necessary for one of his pupils to come. How.
ever, I now repent what I have often said, I would walk
barefoot 200 miles merely to assist in promoting his re-
turn to Parliament. Fortunately I have visited you with
much less fatigue, for I left Manchester at seven o'clock,
and here lam in the midst of you. I should have thought
Sunderland the very last place in the kingdom where
we should have had a free-trade contest against monopoly.
—(Hear.) It is said "experience teaches fools," and you
are not foals in Sunderland—you are " too far North for
that," and therefore I should have thought the bitter ex-
perience of the four or five years during which this town and
neighbourhood were plunged into a state of distress from
which it is only just emering, would have present anybody,
however deeply sunk in the mire of political prejudice, from
any further attachment to the corn-laws. But it seems there
are still persons to be found in Sunderland to raise tl,e
banner of monopoly against tree trade, and I am told that
there are persons who own ships, and who live by carrying
goods to and from foreign countries, in favour of restriction
upon trade. I believe that twenty-five years hence, when
those among us who may then be living, tell to our chil-
dren what has happened during that time in this struggle
for free trade, the thing most difficult to make them
comprehend will be, the fact that shipowners were found
against free trade. I have sometimes speculated as to what
can be the ground of the hostility of shipowners to free
trade, and I believe this is the solution of it. You
have some old men among the shipowners—there are old men
in every calling, and we are apt to look upon old men as
knowing more than young ones. Old men have a hankering
after old times ; under the navigation laws, large fortunes
were made; and they think if we returned to that system, the
same would be the case again. Now, I wish to convince
them that it is impossible to do so, not upon my own authority,
but upon that of the House of ommons, Sir Robert Peel,
Mr. Gladstone, and every man there worth two minutes'
thought—that nothing is more wild and visionary than for
shipowners to dream of going back to the old system 44
the navigation laws. —(Hear, hear.) We must have foreign
trade carried on in foreign shipping, we cannot prevent
it ; the next hsst thing is, to have as much carrying trade
as we can, as much rt-maid as we can, and for Englishmen
to take the chance of doing all they can ; and if they have
fair play in the world's market, I do not think anybody
can beat Englishmen either by sea or land. Well, then, we
say we want more trade, for the free trade means more
trade, as I dare say you have heard fifty times before
during the contest; and if we have more trade, Englishmen
will have their share of it. We say especially that we
want more trade in foreign corn ; it is a bulky article and
grown everywhere; for there is not a latitude in w hist)
other commodities will grow, that will not grow corn. l hens
up gets an ancient shipowner, tells me that a free trade
in corn would be carried on in foreign ships, and points
to the notorious fact that in 18.0, out of 100,000 quarters of
foreign corn, only 3,000 or 4,000 quarters were brought ii,
English ships, the rest being brought in foreign bottoms. That,
is the very point I want to talk about. Why do foreigners bring
corn to this country? It is owing to the operation of the slid-
ing scale ; and I will explain that in such a manlier that en
shipowner, whatever may b. his politics, will fail to respond to
it. Under the present system, no msn dare import corn as
a regular article of trade ' • he dues not know whether the
scale will jump to 203. or down to Is , and therefore it is not
a safe trade for a merchant in ordinary times; but as just
now, when there is a chance, owing to the probable failure of
the ha-vest, that the duty should be down to ss. or hi., then
there is a demand for corn all over the world. But
corn is
wanted instantly. Since I have been here I have had a letter
put into my hand, addressed to a house in this town, from
Marseilles, dated July 31st, which affords an illustration of
what I was saying:—" Gentlemen, the present is to inform you
that the merchants are moving about freights to England.
Only within three days, the freights for corn have risen from ss.
to 6s. 6d. There are no English vessels, and none off the
coast." Then there is an account of the ships chartered,
which perhaps I ought not to read. It is not certain how long
this deemed may continue—it may last a month; the very next
post that goes out to Marseilles may tell the merchants there
that the sun is shining here, and that the prospect of harvest is
good, and beg them not to send corn at all, but pay smart.
money to get off the bargain. Under such a system as this, you
cannot possibly have a regular trade carried on in English ships,
but if the torn trade were put on the same fief uses the cotton
trade, why should you not have as regular a trade in corn as in