The Sun.
London, England, 1844-12-05 00:00:00

T E t. . •

have thought, to have rendered unnecessary the fur- 1 1
ther tampering of the "renewing" and "regulating"
statutes of last session, touching the charter of the
Bank of England, and the circulation of joint-stock •
and other banks of issue. For there are few men of
ordinary intelligence, who will venture at this mo-
ment to deny, that the Currency Act of 1819 has
diminished the resources of this nation some fifty per
cent., through the destructive action of suddenly pro-
claimed gold prices on the industrial and productive
classes, in the shape of enforced and unnatural dimi-
nution of wages, and through the stupendous injus-
tice of compelling all persons under liabilities which
had been contracted in the previously-established
paper circulation, to redeem them in gold at a fixed
specific rate of value, instead of at its current market
prise. Nobody now doubts, who has once taken the
trouble to examine into the very simple elements of
this question, that the establishment of a cheap gold
stand .rd, with natural or gold reduced prices and low
gold wages, has had the effect of throwing the great
burden of all our indirect taxation upon the shoulders
of the very industrial classes whom it has so cruelly
mulcted in the wages which would otherwise have
easily borne it. Sir ROBERT PEEL'S early initiation
into official station appears to have rendered familiar
to his vanity the notion that he has received a mission
to turn his hand to any and every species of remedial
Istatesmanship. Heaven knows, he will never reap
the graceful praise bestowed on poor GOLDSMITU—
" Nihil tetigit quod non ornavit." His monetary law-
making began, has continued, and will terminate in
mistakes. He mistakes the first element of money—
which should be representation of value, not value
itself. The presence of intrinsic value, if deemed in-
dispensable, in any well-regulated circulation, is suf-
ficiently provided for by such a quantity of gold and
silver bullion as may serve to represent, pretnptly
and conveniently, the balances of our transactions in
foreign commerce, and perhaps in our internal trade.
Retained for purposes like this, it does not impede,
but facilitate that commerce and trade. It does not
reduce the prices of the products of our highly-taxed
industrial population to the level of the natural or
gold prices necessary to remunerate the far snore
lightly, if not wholly untaxed, producing classes of
the Continent. It leaves the circulation of bank-
notes to its own natural tendencies to expand or to
contract, according to the demand and supply of
" money," or its larger and more proper significa-
tion in the market. It does not, by the dangerous
high-pressure of artificial limitations on the quantity
of money which the producing power of this king-
dom requires for its representation, positively and
iniquitously and-ruinously prevent the distribution of
wealth. But Sir R. PEEL having thus determined
to h we only intrinsic in lieu of symbolic money, or
at least to tolerate symbolic money only under the
unqualified condition of its immediate convertibility
by the issuers, into gold, on demand, at and after a
fixed rate of 31. 17s. 100. per ounce, next proceeded
to make this condition, to the best of his power, if
not impracticable, destructive of the permanency of
his gold system. To pay bank-notes in gold, it is
evidently necessary to be provided with a sufficient
quantity of that metal to equal the amount of bank-
notes at any time outstanding. This_ it would ever
be a sufficient puzzle to procure under any circum-
stances. But by the profound expedient of permit-
ing gold to be sold and bought as freely as any other
commodity, and thus enabling it always to command
its market price, and therefore its fluctuating price—
the market of the world has always run against the
Mint on Tower-hill. At the Mint they were com-
pelled to issue, and at the Bank of England they
were bound to pay, as well as to receive
—gold at the Act of Parliament price. In
Cheapside, or anywhere else, gold might be
fetching a price from four or five, to twelve
and twenty per cent. higher. So the Bank
was always in danger of being drained, even despite
its extensive purchases of gold in the very market
•,•,hich had just drained its coffers, at such an advance
on the price it had itself issued at; and despite the
still more mischievous and sudden contractions of its
issues of notes, rendered imperatively necessary by
its pi-rpetual liabilities to this run for gold. In 1844,
neither former blunders, nor the prices and the
crises consequent on them, nor the destruction of
many eminent banking and mercantile firms, nor the
sudden, cruel, and needless overthrow of many
ample private fortunes, had cured Sir ROBERT
of this fatal propensity to interference with
metters monetary and commercial. As in 1819
ne had been scared by colossal windmills, in
tl.e shape of adverse foreign exchanges, so, in 1844, he
Has frighted out of his propriety by two more mar.
velltius discoveries. He discovered, first, that there
was a tendency to excessive speculation in the com-
mercial interest ; and therefore he started from an
arbitrary point, with a given entire circulation as
that which he thought adequate for the wants of the
country, and which, by the division of the. Bank of
England into two numbers, a bank of issue and a
bank of deposits, was always to keep for that corpo-
ration a sufficient store of bullion in its coffers to pay
all its own notes presented for that purpose. He dis-
covered, secondly, that the aniall-note circulation
permitted to Scotland ought no longer to continue—
not, however, on the equitable ground that not
being permitted to England it ought not to be
allowed in Scotland, but on the assumption
that it was injurious for the latter country. Well, at
the end of last session, these views, except in so far
as with regard to Scotland, their- carrying out was
postponed till 1845, were affirmed by Acts of Parlia-
ment. Since then, speculatiOn—Which it was his
avowed object to repress—has become rampant,
throwing itself into railroad projects of all kinds and
prospects—and foreign 'securities, good, bad, or in-
different—with a prodigality, savouring almost of
insanity; and with results, the period of whose de-
velopment has not yet arrived, but will ere long
show themselves in characters very intelligible. Since
then, legitimate commerce, which it was his avowed
object to uphold and encourage; has so seriously
declined, that the -market for colonial pro-
duce, for example, is left almost without buyers,
according to our Mincing-lane Circular of the day
before yesterday. Grievous complaints are made of
the almost total cessation of purchases. Would
either of these results, both of them so deeply to
be deplored, have occurred, under a monetary sys-
tem founded on a basis of symbolic money issued
from responsible quarters, and a quantity sufficient
for the legitimate purposes of representing property
seeking investment or distribution ? We boldly an-
' swer in the negative. The very same causes—the
selfsame impolitic tampering with private credit, and
the elasticity of commercial confidence—which the
Act of 1819 called into such desolating energy in
1825-26, will assuredly bring about, ere many
months, at the utmost, have passed over us, some ter-
rible convulsions, again, it; in the meanwhile, Sir Ro-
BERT persevere in tightening the screw which already
paralyses our national resources by its unnatural ten-
sion. He iz, it appears, determined on next experiment-
ing upon Scotland. She shall not have IL or one guinea
bank-notes. It is inexpedient for her welfare to retain
them." Indeed ! She has now possessed them about
140 years. With them, and with her present system
of banks, she has survived the shocks of two native
rebellions against the Imperial Government; she has
reclaimed her sterile wastes, improved in the most ad-
mirable and advantageous manner the whole face of
her arable soil ; beautified, aye, and built, magnificent
cities arid towns, and, aided by the intelligent saga-
city and industry of her people, outstripped almost
every other competitor, in the proportion of her means,
in the rapidity of her career of national prosperity.
Her monetary system has afforded all encouragement
to industry—all development to trade—all facilities to
agricultural improvement. Surely the shrewdness of
the people of Scotland will not permit solid advan-
tages of this kind to be' immolated to a worthless
crotchet of the Premier's. But they must go further
than they intimate their intention of doing. They
must vindicate the broad, general, practical principle
of that symbolic money, and that expansible mo-
netary system to which they owe so much;
and not content with simply averting from
themselves the infliction of an enormous scheme
of currency regulation which has worked so much
injustice and mischief to England—and because Eng-
' land is their own grand mart and customer, has pro-
! portionally prejudiced their own interests. They
must insist on the Premier's retracing the steps he
has taken, or his repealing the Act of 1819, and its
supplements and complement ; and on his restoring
that tried and salutary monetary system, which can
alone secure to the dormant capital of this empire its
full
evolution; to its productive power, ite full energy; •

to its industrial classes, " a fair day's wage for a fair
day's labour ;" and the distribution, in the shape of
these legitimate wages, of a fair proportion of the
wealth they generate ; to its manufacturers and ar-
tisans, remunerating prices, not artificially kept down
by a cheap gold standard; and to the whole country,
the full and absolute benefits of that free trade which
our geographical and commercial position so well
qualifies us to realise, but which we are deliberately
convinced no other means, whatever, can enable us to
arrive at, of which this return to the better system
of currency that we hare foolishly abandoned, is not
a primary and essential element.

The Post of yesterday, in an article suggested
by a meeting of the Somersetshire kgricultural
Society which took place last week at'Wincanton,
speaks out in a frank, manly strain respecting the
present position of the Anti-Corn-law League, and
the degree of moral influence which it exercises over
the public mind. The majority of the journals which
espouse the cause of monopoly still continue to re-
present this great national confederacy as in a de-
clining state. According to their statements it has
lost the strong hold which it bad over the popular
mind a year or two since, when the distresses of the
country and the general discontent which they occa-
sioned conspired to favour its progress; with an im-
proved condition of things have come an improved
spirit—a more collected and sagacious judgment
on the part of the people ; and the League
is now suffering from this altered tone of the
public mind, and at no distant period it
will be numbered among the "things that once were."
So say the journals that are favourable to monopoly ;
and the RICHMONDS, the BUCKINGHAM, the BANKESES,
and all who think with them, make a point of echo-
ing the sentiment. But the Post—to its credit be it
mentioned—is too frank, too manly, too intelligent
to adopt this false, one-sided view of the case. Though
an uncompromising enemy of the Anti-Corn-law
League and of every single principle, without ex-
ception, which it advocates, our Contemporiry is not
guilty of the foolish error of underrating its influ-
ence, but blurts out the strict truth, careless whom
it may offend. We wish the Post were always as
explicit and intelligible in its opinions as it is in the
significant passage which we shall presently sub-
join. But there is too often a . vagueness a
haziness—an incoherency in its political views which
for the life of us we cannot understand. To-day it is
Young England—to-morrow it is Old England after
the fashion of Lord ELDON. Now, it advocates a
standstill system of policy with a dogged inveteracy
of purpose that would have endeared it to the heart of
A SIDMOUTIfOr a CASTLEREAGH; and now, it is Ali 'fie
stir and movement in the Church as ►ell as in the
State. One moment it startles us by a bold theory or
suggestion that breathes the true spirit of Reform in
its most enlightened and comprehensive sense ; the
next, it is a bigoted admirer of the " wisdom
of our ancestors," and scouts the bare idea
of every 'innovation, no. matter how slight,
that should hays a tendency to bring that
wisdom, into disrepute. Our Contemporary is
too sagacious to be a confirmed ribbon Tory, and he
is too honest to be a decided Conservative. What
then is he ? To what party does he adhere ? Who
is his " Magnus Apollo" in statesmanship? We
cannot answer these questions, and we now put them
respectfully to hini, in the hope that he will vouchsafe
to enlighten our ignorance. But now for the signi-
ficant passage to which we have alluded, and which
we quote from his columns of yesterday. After
expressing his satisfaction that the country people in
Soinersetshire have not been misled by the erroneous
statements in the Ministerial journals respecting the
actual condition of the Anti-Corn-law League,
which journals have given out that nothing more
need be feared from it, inasmuch as it is effectually
crushed, our Contemporary goes on to observe :
" They assume this fact, and endeavour to lead their
readers to the inference that the policy of the Govern-
ment has been so able as to have led to that result,
notwithstanding all the money which the League has
collected, and all the efforts which it has made. This
is altogether erroneous. The Government has not
quenched the revolutionary mischief of the League.
The League still relies on compelling the Minister to
carry out by. practical measures that principle con-
cerning buying in the cheapest markets and selling.
in the dearest, which he has declared to be in the
abstract a sound and just principle." This direct ac-
knowledgment of the ♦itality and influence of the
Anti-Corn-law League will be anything but ac-
Iceptable to the monopolist readers of the Post.
Mr. MthEs, however, one of the Members for Somer-
hetshire, who is strongly opposed to the views of this
confederacy, holds pretty nearly the same opinions
as our Contemporary, and warns.his constituents not
to put the slightest faith in the statements that the
League is crushed. We agree with these two com-
petent authorities that the League is not crushed and
is not likely to be crushed ; and we will go further
and add, that it will gradually increase in influence,
day by day enlarging the sphere of its operations,
until the great principles of which it is the exponent
and representative are fully carried out into practice.

The Madrid journals of the 26th contain no news.
The fate of the son and brother-in-law of ZURBANO
was not known in the capital on that day, but it was
generally believed that orders had been sent for their
execution. The Clamor Publico states that orders
had also been sent to Cadiz for the execution of
General ARNOZ.

• MADRID BOURSE, Non. 26.—Three per Cents., for
cash, 31 9=16 ; for account, 31i. Fire per Cents.,
for cash, 23t ; for account, 21.

No official intelligence had reached Paris on Mon-
day of the execution of young ZURBANO and his
uncle at Logrono, but nearly all the journals regard
it as a matter beyond doubt, and justly comment with
severity on the atrocious policy of the Spanish Go-
vernment. Even the Ministerial Journal des Debats
is obliged to chime in with the general cry of indig-,
nation, and would willingly keep out of view the fact
that the parties who are now committing such cruel-
ties in Spain are the creatures of the French Court and
Cabinet, and were, established in power, if not by
French gold, at all events by French intrigue. Of this
no impartial observer can entertain a reasonable
doubt, and the Government and the Government press
of France must come in for a share of the odium ex-
cited by the despotic and cruel conduct of NARYARZ.
That journal now seems disposed to cast him off, and
even denies that it had ever supported the party.
" Certainly," it says, " we had no great confidence in
the Government of Spain, but we were far from ex-
pecting such enormities, even from a Cabinet directed
by NARYAEZ. Are those the men who denounced
as a crime the execution of the unfortunate DIEGO
LEON, who were to open to their country a new era
of reconciliation and peace, and who designed to en-
, large the field of political discussion ? Now, more
than ever, we congratulate ourselves on having re-
: fused all adhesion to•the acts of this soldier-Govern-
ment, which holds itself up to universal reprobation."
The following particulars respecting the fate of the
unfortunate victims are given by the correspondent
of the Constitutionnel :
"We have related all the details of the arrest of
the son and brother-in-law of Zurbano in the environs
of Logrono, taken in an olive-grove, where they were
found concealed, but without arms. The son, a young
man aged twenty-eight, esteemed in the army, in which
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Burgos, listened to these appeals, and considering, no
doubt, that the real, if not the only culprit in the eyes
of the Government, was Martin Zurbano, and that the
circumstances 'attending the capture did not imperativelY
prove the complicity of Benito Zurbano and his uncle,therefore, notwithstanding the general orders issued b
Narvaez for shooting Zurbano and his confederates, de-
ferred the execution, and applied to the Government for
express orders. The inhabitants of Logrono, profiting
by the respite, sent to Madrid a numerous deputation,
among whom were the most important men of au
opinions, to lay a petition for mercy at the foot of the
throne. The mother and mother-in-law of Benito Zur-
bano also went to Madrid, and drew tears from the eyes
of the Queen-Mother, by throwing themselves in the
attitude of supplication in the road by which her Majesty
was passing in her carriage. Their ardent prayers and
bitter sobs were of no avail. The Government remained
implacable. An order was immediately dispatched to
Generar Oribe to consummate the execution, and, on
the 25th ult. Benito Zurbano and his uncle, with their
two servants, were shot at Logrono. This was not all
the stern rigour of the Government ; General Oribe was
dismissed froth his command for not having blindly fol-
lowed his first instructions, and it is even said that 1111 is
to be brought before a court-martial."
The same journal thus contrasts the conduct of Es-
?MUER° under somewhat similar circumstances with
that of NARVAEZ

Let the deplorable &tails of th• execution of Benito

Zurbano, his uncle, and their servants, be compared 1 MONEY AND Co MMEI,CIAL 24k, W S.
with the conduct of Espartero's Government towards CITY, WEDNESDAY EVENING..
Diego Leon, audit will be seen whether the Moderados The English Market closes with a rather quiet.r up-
have not deprived themselves of the right of exclaiming pearance, Consols being 991 sellers, ex div. Bank Stock
against the cruelty of the ex-Regent. Diego Lion was is 207 to 208. Exchequer Bills continue at 535. to 555.
taken with arms in his hands; and yet he was granted a premium,
trial ; his execution was the consequence of a judgment, The Foreign Market rallied a little, Spanish Attires
partial and pitiless no doubt, but at least invested with being 24 to 25 ; i
the Three per Cents., 361 to ; Alexi-
the forms of justice. In the present case, there was no can, 361 i ; and DUtCh Five per Cents., 99 to .
judgment, no trial—nothing but an arbitrary and atro- Tho additional transactions in Railway Shares have
clout; act of power. The identity of the manners was• been these I—Chester and Holyhead were 1 ; Churnet
it is true, established, but there was no proof of their Valley, 11 I ; ditat Southern and Western (Ireland),
criminality ; anti, we add, nothing can be further from ex- New, 3, ; Great North of England, 20 ; Great
proof than that there was any culpability inßenito Zur- Western, 68 ; Ditto, Half, 381 to 38 ; Hull and Selby,
bano than his being the son of his father. He was taken 16* ; Lancaster and Carlisle, 3/ ; Birmingham, 119 ;
almost alone, concealed, and without arms. Can we, Ditto, Qearter, 24 ;
_South-Western, 391 ; Croydon, 3i- ;
therefore, be astonished if it be hereafter shown that he London and York, 11 to 11 ; Manchester and eeds,
disapproved tof the' insurrection, and that he wished to Half, 201 ; Midland, 9 ; Northern and Eastern, Scrip,
avoid, by flight, participating in those sanguinary acts 10¢ to 10 ; North Kent, i ; Richmond and West-End,
of reprisals which parties in Spain—even those in pos- i ; Rugby,* ; York and North Midland, Scarborough
session of the Government—perpetrate upon their ens- Branch, 211 ; Boulogne and Amiens, 3 ; Orleans and
miss ? Prim has escaped, thanks to a species of trial Bordeaux, 41 ; and Paris and Orleans, 21 premium.
which, from the_ very iniquity of the accusation, excited Birmingham and Gloucester have been 31 ; Caledonian,
a universal opinion against it. The son of Zurbano has 1 ; Cornwall, * ; and North British, * discount.
been executed without any form or process, as if it was (Fret The Sun of Last Night.)
determined to hasten his death in order to tear him from There was a very dull market for Cotton at Liv.-rpool
public compassion. Ia civilised nations, to execute a yesterday. Sales 4,000 bales, at Ad. per lb. decline.— The
man without trial is not punishment, but murder." transactions in Shares were numerous, and prices were
The Jiricrnal de; Debuts contains an article on the firm generally. Bristol and Exeter, 69; Dublin and
Eastern Counties, Perpetual, No. 1. 70s. 10 - Cashel, 8i; . ,
quarantine liivs, in which it strongly recommends the
Glasgow and Greenock, Halves, 38s. ; Grand Junction,
Government to get rid of the false notions that pre- 216 17 20; Ditto, Halves, 108 10; Great Western, 1421;
vail respecting contagion, and place French vessels on Ditto, Fifths, 261 ; Liverpool and Manchester, Halves,
an equality with those of England and Austria. 52a; London and York, 4+; London and South-Western,
The Three per .Cents. continued to advance, and 81i ; Manchester and Leeds, Halves, 501 ; Midland
closed on Monday at 84f. 15c.
Counties, 108; North Union, 1451; Sheffield and Man-
chester, 95; South •Eastern, 37i; Ditto, Halves, 11 101;

THE BOURSE--MONDAY, Mac. 2.
Tint Highest Lowest Last
Friel. Price. Price. Price.
From& live per Cents 119 30 •• 119 30 .. 119 30 119 30
Thro per cult..." $4 10 .. $4 15 .. 83 35 .. 84 lb
Bank of Prance • •• 3150 ..3155 ..3150 —3155
582 50 .. 615 .. 582 50 .. 535
Belgian Fives, 1840 .... •• • • 103# : • • 103 i 103 i • • 103 i
Two-anl-a-Half.• •• 61 80 .. 81 80 .. 61 60 .. 61 60
Dutch Two and-a-Halt!., • • 63 •• 63 .• 63 . 63
Spanish Tkrees•••• •• •••• •• 56} • • 36* .. 36 .. 36
Neapolltan.• •• •• •••• • •• 95 33 .. 95 90 .. 95 65 .. 91 90
BOUM ••'•.• •• •• .•• •• •• 1041 •• 1044 .. 104* .. 104(
RAILwA.Y 1111 ARES.
St. Germain 937 50, .. 940 .. 937 50 .. 937 30
Versailles, RJR.. • •
L. 8...•••• •••• •• 320 •• 320 .. 320 .. 320
Rouen.. ••••••••••1015 • 1015 lois ..1011
Roueri to Navre.••
Orleans . • ••• ... .1055 ••1055 "1055 —1055

Strasburg to Ra1a.......... 278 75 .. 278 76 •• 278 75 . 278 75
RAILWAY SHARES FOR SETTLING, Dec. 3.
St. Germain............... 937 50 •• 946 .. 937 50 .. 940
Versailles, 1L8...... ...... 442 60 .. 443 75 .. 442 50 .. 443 75
L. 8•........... 320 . 320 .. 317 60 .. 317 50
Itonen•••....••••• . --1010 ..1013 75 ..1010 ..1013 75
Rouen to Ilavre.
Orleans ..
Strasburg to 8a1e.......... 277 10 .. 273 78 .. 277 50 .. 27$ 75
Avignon to Marseilles...... 915 .. 920 . 915 .• 920
RAILWAYS FOE THE ACCOUNT. Dia 16.
.
BAWL •••• ••••
Rouen to Havre.. 787 50 . 784 75 787 50 788 75
Orleans ...........•.. ..1057.10 —lO5B 75 ..1057 50 .•1014$ 57

Ulster, 39 ; Lyons and Avignon, 545. 6d. 535. 6d.; Paris
and LYans' 645; Paris and Strasburg, 52s ; Orleans,
Tours, and Bordeaux, 6/ ; Boulogne and Amiens, 5;
Central of France, ilk 11.
Another trial has been made of the conveyance of
fruit by the Southampton Railway. A cargo of oranges,
ex Fear-not, has been received from St. Michael's, this
being the vessel th4t made the extraordinary quick pas-
sage with a cargo of pine apples last summer. She ar-
rived at Southanipton in twelve days from the Azores,
discharged her cargo yesterday (Tuesday), at Southamp-
ton, and at two o'clock to-day it was sold by the brokers
at Monument-yard, London; whereas another vessel
that sailed the same day, the Countess Liverpool, bound
for the port of London, and which was off the Wight on
Monday last,is still in the Channel, and is likely to con-

tinue so with the present easterly wind.
An arrival from the Mauritius brings dates of the 7th
September. In order to relieve the pressure for money,
the most influential merchants had agreed to take Com-
pany's rupees at 50 cents for two years. The importa-
tion of so many labourers caused an increased demand
for the metallic currency, and with the Coolies rupees
were a favourite coin.
The merchants are not yet in receipt of their Indian
letters,, consequently we cannot yet express any opinion
upon the state of commerce in the East.

~ 973 75 .. 276 76

The market for the English Securities has been very

.. 922 SO

firm, but the business doing is limited. Consols have
realise,d 104 to 101* for Money, this being the first day
of the shutting ; and for the opening they are 991 to par
without the dividend. Bank Stock has been supported
at 207 to 208. The New Three-and-a-Quarter per Cents.
have been smirked 102* to' ; and the Three per Cents.
look f. ExChequer Bills are 535. to 555. premium,
money being in requiest, as this is the 4th of the month.
The Foreign Securities have been tolerably good, but
are not so firm riow as at the commencement of business
this morning:. Spanish Actives are 24i *, and the
Three per Cents. .34 4 ; Portuguese Converted ob-
tained 55* 6.56. for Account ; Mexican Bonds are 363,-
to 36* • Colombian • 14* ; an Brazilian 88i. Dutch
Two-and-a-Half per Cents. realise 63*.
The Railcar obtained full quotations gener-
ally, the business doing being moderate.
PRICES OF BlitlflSl-1 FUNDS AT.OI4E'O'CtiOCK.
(From the Official List.)
Bank Stock .. " ......... ,».»......» 208 267 208
3 per Cent. Reduced Annuities 100%4%
3 per Cent. Commis. Anus
New 3% per Cent. Annuities........- 102%71
Long Annuities, Expire sth Jeri. 180 k 12%
Ditto 30 Years, Expire sth Jan.
Bank Stock fir Account «.,..,»,.... 2011

- ............ ..... ---
Console for Account 99% 111
Exchequer Bills. I%d. 1%41
••••••,•••••••••••••••• •••••••••••• 54 55 pm.
•••••••••••• 56 55 FEL
Ditto ••
•••••••••• 53 56 pm.
Ditto Advettised.......
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK
. _

Brazilian'Bonds; 5 per Cent. •••• 88%
Columbian Bonds. . . ... .................. .. -14%)4
. . Mexican Bonds, 1237,5 per Cent:. 36%%34
Ditto for the Account •••••••••••••••••••••••••••••• 363 y
Ditto Deferred 5t0ck................... .......... it
Portuguese Bonds, 5 per Cent
Ditto Converted ....... ...•.......0...............• - 5514
Ditto-for the Account ••.......•••••••••••••••••••• 5536% 58
Russian Bonds, 1822, 5 per Cent 119%
Spanish Bonds, Five per Cent 1840.............,, 24%
Ditto for the Account... ....... ..... 24%74
Ditto Three per Cent. " 36%
Ditto for the Account ••••••••••••••••••••••••••• 3614%
. Venezuela BOnds, 2 per Cent ....
Ditto Deferred • 12%
. -Dutch 234 per Cent5................,............ 63
Ditto 4 per Cent. Certificates - ... ..... .... 17 96%
Dutch 5 per PenU.........•.•.....«•-•.. .... ...., 99
PRICES OF SHARES ATONE O'CLOCK.
. Ran.wers. . Pain. Pan Satan.
Birmingham' and Gloucester.... 100 ......... 97......... to
Ditto New: ....................• 1734........ 2374 ~.. to
Bristol and Exeter ..... .......... .70
Bristol and G10ucenter......... ..... so Mt... to 36
Cambridge arid Lincoln
to
Chester and H0ryhead............... 5 ........ 5%
Churoes Valley •..........0c..........• 2
_......... 3,4! to
Dublin and Belfast Junction ...... 2% ..... 4 ..._, to
Eastern counties ................•• 25 ...... 13,106,
Eastern Union. ....... ................. 10.» - 9.. to
Grand Junction lOO .... ........
Ditto 34 Shares , 50 29— ..... to
, Great Southern and Western")
/ i
(Ireland)
Great North of England. lOO ..... Nell
Ditto New ...•••••••••••............. 5 ....•.... 1534
Great Western ................. 75 ... ..... nig__ to
Kendal and Windermere .... ..... 134 434
London suid"Birrningham.... ..... 100 ........218%
London and Blackwell. 16% ....e. 674
London andßrighton .......... ..... 50 *owl*. 48% -
Ditto Loan Notes
London and South Western •...... 41%
London and Croydon ........ ..... 13%
London and York. .. .. •••••••••••••••• 234 4 ..
Manchester and. Leeds.
--
Ditto 34 Shares 30,..,..,,, 51., ....... to
Ditto % Shares
Manchester and Birniingham
Dit 014 Shares ••• ........ ........ 2 ....... 5 ..
Midland
to 108%
Newcastle and parlingtonJunet 24 ........ 0034 61 to 59
Worth British ........ .•.............. 5 ...moo. 5
me Rugby 1 ..... .... 1
South Eastern and Dover ... 3334 ..... 36 %%74 to
.. . .. ....
Ditto New 4 IN% ... to
Trent Valley .. seen; ....... •••••••••• 2 ....we 11%..• . ••• to 8
Yarmouth and*Nerwich 2O ..... .. 25 .... to
York and North Midland ........ 50 ........ 104......... to ...,
Ditto 34 Shares."... ..... ...to 25 ..... .... 51 ow.. to
Ditto Sel6y.Scrip .............., 20 ......... 6834
Ditto Extension ...... .......•...
Boulogne anll Amieas ..... ........ 2
Orleans and Vierzoti
Orleans and 311ourdeaux
Paris and Lyons -
Paris and 0r1ean5.................. 20 ...MOO 41% .• to
Parisand Reue1t..14.............. 20 ........ 393454 to
Paris and Stra smut(
MANCHESTER- STOcH EXCHANGE, DEC. 3.—We have
again had a brisk' market, and prices of the new lines,
with some eiceptiona, are steady. The, heavy stocks
..
are all improVing.—Sheffield and Lincoln, i i
; Cam-
bridge and Lincold '2+ i ; Bolton, Wigan, and Liver-
pool, 4 1-16 4 ; Boulogne and Amiens, 5- (E.), 5 1-16
(F.); "Trent,Yalleys, 88 +; Accringtons, 2 15-16; Ilud-
derstield and Manchester, 4i ; Blackburn and Preston,
71. ; Qainsborough, Sheffield, - and Chesterfield, 311. ;
Darwin and Bolton, 2 ; West Yorkshire, 6i ; London
and York, 4+ ; Churnets, 3f ; Manchester ind Leeds,
1151 ; Midland, 108 f ; Ditto, 40/. shares, 848. ; South
Eastern, 37k. .
- -CLOSINi
.
.... ' ' BRITI S 1
Bank Stockt...r....ex div. 208
3 per cent. Red "ern...0,6m 190
3 per Cent. Cons. .......... 19
per Cent. Red —
New 334. Per Cent • 102%
New 5 per C0nt....".
Long Annuities to expire
Jan. 1ti60......... ..... 12 1-18
Oct. 1859........... 11
Jan. 1860............. 121.16
Indian 5t0ck..........•.... 288
FOREIG

1 PRICES.
:FUND&
Ditto Bonds £1,000...... pm,
Ditto under £1,000......
South Sea Stock .....
Ditto Old Annuities ...
Ditto New Annuities ...
Lx. Bills, 1,0001. 134 d... r,5 pm.
Ditto 5001. .............. 55 pm.
Ditto 56 pm
Bank Stock for Acct.... SOS
Consols for
India Stock for Acct.."
1 FUNDS.
Russian., 5 per
Dittom
, metallic ••••••••••••••••••

Austrian, 5 per Cent
Belgian, 5 per Cent...........
Bonds

Brains:it , .....—........ 8834 Spaniih, 5 per Cent., 1M0... 25
Buenos Ayres, 6 per Cent... Jitto, 1841 ................
Cuba Bonds, 6 per C0nt..... Ditto, 1842....•"......•....... --
Ch *an 0 per Cent ............ Ditto.lB43. —
Colombian, 6 per Cent
Greek. 1825,5 pet Cent.... Venezuela Bonds. 2 per Cr, —
Mexican, 5 per Cent ......... French, 5 per Cent.,...... —t —c.
Neapolitan ftnds.sperCt... French, 3 per Cent.... —f —c,
Prussian Bonds, 4 per Cent. Exchange .................. --f. .....e.
Peruvian Bonds. 8 per Ct... 25 Dutch, '2)6 per. Cent ....
Portuguese Bonds,s per Ct Ditto...s per Cent 9914
SHARES.
Birmingham and Gloucester (100 paid)............... 906
Caledonian. (5 paid) •
Chester and Holyhead ( S paid) ".........."
Churnet:Yalley, 2 paid ......... "."..". ....... "
Direct orthern, •
2% paid .... ...... .............. .....
Great Southern and Western (Ireland) 5 paid
Great North of England, 100 paid .... ......
Great Western (75 paid)
Ditto Half Shares, 50 paid
Hull and Selby, 50 paid 66%
Lancaster and Carlille, 10 paid
London and Birmingham (Stock)
Ditto, Quarter Shares ( 2 paid)
London and. South Western (414 64. 10d. paid) BO
London and Croydon • ••••••••••••• ........ ••• ...... 174
London and York, 236 ?bald ........ ............ ..... ..... 3%
Manchester and Leeds (70 paid)
Ditto, Half Shares, 30 paid
Midland (100 paid) , .... ........ .......... .. ....... ......' lOO
North British, 5 paid . 4g
Northern and Eastern (45 paid)• —
Ditto Scrip (25 paid) 33
North Kent paid 33i
Poi tsmonthDirect 1 paid ..... ........•...•........ ......... Oh
Richmond and West Endpunction, I;paiii l%
York and North Midland (30 paid) ..... .... .....
Ditto Scarboro` Branch, 10 paid
Ditto Extension
Boulogne and Amiens, 2 paid ,a. 5
Orleans and'Bourdeaux, 1 paid , .... .. ..... ............ 6%
Paris and R 0111414. 20 pall ..... •••••••••••••••••••••••••••• 41
111,

AGNIPICENT ORCHARD.At the late annual fair
of the American Institute; Mr. R. I. Pell, of Ulster
county, New York, received a gold medal for the best
fruit farm. lie states that he has an orchard containing
20,000 trees of one kind of fruit—viz., the Newton Pip-
Pin. Here is an orchard worth looking at. We do not
know how thickly they are set out, but allowing there
is a tree on every square rod, or 160 to an acre, whick
is too thick, it must take 125 acres ! Mr. Pell, think-
ing it rather unprofitable to wait for the bearing year,
adopted a plan with some of his trees of spurring up the
flagging energies of those that required rest, so as to
make them bear every year. Accordingly, he selected
a certain number of them; and in April scraped the
rough bark from them, washed them with' soft soap. cut
off all interfering. branches, paining over the cuts with
white paint to keep the water out, and then slit the hark
of the body in several places from the ground to the
first limbs, so as to prevent their being iiideboulid. He
then, in—July, placed a peck of oyster shell lime at the
root of each tree, which iu Noverob,T was dug in. The
Farmer's Cabinet, frTifft which we obtain this intbrma-
tion, states that the following year.--Which was, last year,
he gathered from these trees 1.700 ba;-:&s.or apples,
ancrthat this year they are again tp- tiding to th ground
with fruit. Ile sold his apples in New York market for
four dollars per barrel, and the remainder in the London
market for nine dollars per barrel. Thin is doing good.
...Nos) 1701 Paper.