The Sun.
London, England, 1844-03-07 00:00:00

THE SUN, LONDON, THURSDAY EVENING, MARCH 7, 1A44,

and the 5 per cent. loan of 1841-42, has still further advanced in
value. The 4 per cent. loan of 1832-33 remains as before.
4 per cent. loan of 1832-33 Sicca Rs. 106 to 106 i.
Do. of 1835.36 Co.'s Rs. 9911 to par.
5 Do. of 1841-42 Do. Rs. 110 i to 111

EXCHANGE—On England has exhibited little change, and may
now be quoted at Is. Hid. to Is, 11 id. for 6 months, transactions
having taken place for the snail at the latter rate, though Is. 1 lid.
was yesterday the highest; for 30 days' bills Is. 101-Ad. to
Is. 101 d. On Calcutta 11-14-0 to 102 at 60 days' sight; on
Madras par; and on China Rs. 217 for 100 doll.
Bwrias.—The shares Of the Bombay Bank are at 42 per cent.
premium, and those of the Bank of Western India at 30 per cent.
PRICE or BULLlON.—Sovereigns, each—Rs. 11 to Re. 11.3 as.
Bank notes, per £—Rs. 10-12-0 to Rs. 11.
METALS.—A moderate inquiry has existed throughout the month
for most descriptions of copper. Sheathing, Raised Bottoms, and
South American, are unaltered in value, but braziers has advanced
about ir. per cwt. Tile has been sold at Rs. sl—i to I} rupee
below our last quotation ; and nails are also a shade lower than
before.

COTTON MANUFACTURES.—The demand for low qualities of Grey
Madapolams and Jacconets, which has been for some time past
so brisk, has since our last issue considerably slackened, and prices
are rather lower. There have been sales of Grey Sheetings and
Domestics, tut at unremunerating prices; and the market for these
fabrics has been extremely dull for the season—the Arab mer-
chants, who commonly form the chief purchasers, having, for the
reason we before mentioned, been compelled to keep out of the
market. For White Jacconets the prices offered are 2 annas per
piece lower than last month, and the business done in them has
been small. Gold and bleached Leng-cloths have been in fine de.
mand at previous rates; while red and cord ends are less inquired
for, and have suffered a slight decline. A better demand has
sprung up for Grey Long cloths, and prices, though still far from
remunerating, have somewhat improved.
YARNS.—There has been little inquiry for any description of
Twist, and the prices of most numbers, both of Mull and Water,
have slightly declined. For Orange Yarn last month's rates are
still obtainable, and the same may be observed of Turkey red.
MULE TWIST. —No. 30 3,0001h5... at 7 annas per lb.
40 6,0001b5... at 8 do.
WATER TWIST.—No. 20 6,2001bs .. at 7 do.
18 to 22 12,9001b5... at 7 do.

COLOURED TWIST—
No. 30 to 50 3,0001b5, English dye... Rs. 1 11 0 per lb.
40 1,2001b5. Turkey red 1 14 0 do.
2,4001b5. German dye 1 9 6 do.
We have also been apprised of a sale of 120Ibs. of Linen Thread,
at 12 annas per lb.
WOOLLENS.--Large supplies have recently arrived, and the
market is over-stocked ; so that with the exception of a few fine
cloths intended for European consumption, it is impossible to
effect sales unless at rates that will leave a loss to shippers,

MONEY AND COMMERCIAL NEWS
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool, yesterday, was very
quiet, without any change in prices. Sales, 2,500 bales,
viz., 500 Surat at 3 d. to 5d., 100 Bahia at qd., 200 West
India at 64d., and the rest American, at 5Ad. to 64d., and
104 d. for Orleans, the best cotton of the year.—A large busi-
ness was done in Railway Shares, and the market was good,
especially for French. Birmingham and Gloucester were
77 4 ; Eastern Counties, 10 ; Grand Junction, 226 ; Great
Western Half, 70 ; Birmingham Thirds, 40 ; Brighton Loan
Notes, 11A ; South Western, 78 ; Manchester and Birming-
ham, 424 ; Paris and Lyons,2l. 14s. 6d. ;and South Eastern,
New, 35Ts.
There aro accounts from Buenos Ayres to-day to the 6th
of January, being about a week later than the advices previ-
ously received. The Legislature had been opened, and the
President stated that he had demanded satisfaction for the
alleged insult that had been offered to the State by M.
Purvis, but no doubt appeared to exist that the affair would
be adjusted.
There are advices from the Brazils this morning to the
29th of December. The Exchange comes over lower,
namely, 244 to 25.
The announcement made last night by the Chancellor of
the Exchequer that he will propose a resolu-
tion in Committee of Supply, for the reduction
of the interest upon the Three-and-a-half per Cent.
Annuities has been a subject of consideration to-day. This
has not taken the monied interests by surprise. The Consol
market has advanced upon the information, and in the doomed
Stocks, scarcely an alteration worth notice s occurred. Con-
sols for Money and Account have advanced to 984. The Go-
vernment broker bought 20,000/. Consols at 984, and since then
the price has been 984. Exchequer Bills have advanced to
73 ; India Bonds are at 88 90 ; and India Stock at 280.
A very considerable amount of business has been trans-
' acted in the Foreign Market to-day, and prices are firm.
Spanish Five per Cents. have been quoted at 254 ; the Three
per Cents. at 354 ; Dutch at 36 ; Brizilian at ; Peruvian
at 304; and Brazilian at 801.
The Share Market is firm. The latest prices will be found
annexed.
BRITISH FUNDS THIS DAY AT ONE O'CLOCH.
(From the Official List.)
3,per Cent. Consols. Annuities
/sew S per Cent. Annuities lO2 yi
India Bonds,l,ooo •
Ditto under 1,000 9O SS
South Sea Stock
Bank Stock for Account
Consols for Account gni%
India Stock

Exchequer Bills, 11,d.
1,0001.
Ditto Small
FOREIGN FUNDS THIS DAY AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Buenos Ayres Bonds, 6 per Cent Ms,
Chilian Bonds, 6 per Cent —
Ditto Deferred 4034
Columbian Bonds.
Mexican Bonds, 1837, 5 per Cent.
Ditto Deferred Stock.... ll% 14
Peruvian Bonds, 6 per Cents. 3OA
Spanish Bonds. Five per Cent 1640 25%
Ditto for the Account
Ditto Passive Bonds.
Ditto Deferred......... 143,45,
s

17.0.

Ditto Three per Cent.
Ditto for the Account
Dutch 2% per Cents. 55% % 56
Ditto for the Account 55Th
Dutch 5 per Cents 101%%
New Loan 1837, 5 per Cents. lOlMi
PRICES OF SHARES THIS DAY AT ONE.
RAILWAXS. PAID. rER SHARE
Birmingham and Derby lOO
Dit• o Eighths
Birmingham and Gloucester
Bristol and Exeter
Eastern Counties
Ditto New 25 12%% ... to 13
Ditto Extension l3s. 4d s/........ to
Edinburgh and Glasgow SO
Ditto 54 Shares
Great Western
Ditto .% Shares ... ....... ...... ..... 50
Ditto Fifths l2 -
Harwich (Braithwaite)
Ditto (Lo ke)
London and Brighton
London and Blackwall
London and Birmingham Stock ..
London and Greenwich
London and South Western
London and Croydon (Trunk)... 13)4
Midland Counties
Ditto 4 Shares
Norwich and Brandon
Newcastle and Darlington Junct. 18 ... 3S
Northern and Eastern
Ditto 5,4 Share
Ditto Scrip
Morth Midland
Ditto % Shares 4O .. .45
Ditto Thirds 2l'. 13s. 4d 29% to
Paris and Orleans
Paris and Rouen
Rouen and Havre.
South Eastern and Dover
Ditto Scrip
York and North Midland ......... 50
Ditto Scarboro' Branch '2% 20%% ... to ...
MANCHESTER STOCK EXCHANGE, MARCH 6.—There is no
material alteration to notice in the market to-day, except
that Manchester and Birmingham have advanced about 205.,
in consequence of the report of the meeting being considered
favourable. The sales are :—Eastern Counties, 104 ; ditto,
Registered,l2A ; Manchester and Birmingham, 43 ; Sheffield
and MancheSter, 701 ; Manchester and Liverpool District
Bank, 10 1-16.
CLOSING PRICES.
BRITISH FUNDS.'
Bank Stock
3 per Cent. Red 98)4 Ditto Bonds
3 per Cent. Cons.
3% per Cent. Eel
New 331 per Cent ......
New 5 per Cent. — Ditto 500!. l9 pm.
Long Annuities to expire Ditto Small 7O pm.
Jan. 1860 l:? Bank
Bank Stock for Acct.... 196
Oct. 1859 lndia Stock for Acct.... 280
Jan. 1860 l2 ~, Consols for Acct 9514

FOREIGN FUNDS.
Austrian, 5 per Cent — IFortuguese, 5 per Cent 77%
Belgian, 5 per Cent 10414 Ditto, New Ditto —
Brazilian Bonds
Buenos Ayres, 6 per Cent... r. 3, Russian, 5 per Cent ll6
Clam), 6 per Cent
Colombian, 6 per Cent: 15% Spanish, 5 per Cent 2534
Ditto, 1824 Ditto, 3 per Cent 3517
~.,
Cuba Bonds, 6 per Cent ll3 (French,
Deferrer 14%
Danish, 3 per Cent ............83 French, 51.er Cent.......11:5f 5 'c.
Greek, 18.5, 5 per Cent --Exchange —f. —c.
Mexican, 5 per Cent
Ditto, 6 per Cent., 1837 !Dutch, 2% per Cent `-,5;7i
Peruvian, 1825, 6 per Cent... 36% Ditto, 5 per Cent lO2

SHARES.
Bristol and Exeter CO paid) 7O
Chester and Holyhead ( 5 paid) 5%
Eastern Counties (23 paid)
Ditto New (25 paid)
Ditto Extension (Ws. 4d. paid)
Lon ion and Brighton (50 paid)
London and Guildford Junction ( 5 pa'd)
London and South Western (411. 6s. 10d. paid)
Ditto Eighths (15s. paid)
London and Croydon (Trunk) 16%
Manchester and Leeds (70 paid)
Manchester and Birmingham 94
Norwich and Brandon ( 2 paid) 63
Paris and Rouen (50 paid) 341
South Eastern and Dover (50 paid) 3.14
Ditto Scrip (25 paid) 30.,,
York and North Midland (50 paid) 123

Lord WORSLEY presented a petition from an individual
against the Birkenhead Dock Bill.
Mr. DENNISTOUN presentad a petition from the Lord
Provost, magistrates, and town council of the city of Glasgow,
praying that all laws might be repealed which require the sub-
scription of religious tests from professors in the Scottish
Universities. Also,a petition from the Glasgow Emancipa-
tion Society, lamenting the continual increase of slavery and
the slave trade, stating their convicti Nri that the only way of
putting an end to both is to produce sugar, &c., at a cheaper
rate by free labour, and they therefore pray that every facility
may be given to the introduction of free labourers into the
colonies.

which, though not prohibitory, was still very heavy,
amounting to 2001. per cent, ad valorem.' The.only important
article which they let in from the Br, zils in reasonable terms
was cotton-wool. This state of things had produe:d results
which could not astonish any one who had listened to the state-
ment he had just made, viz., that while we exported direct to
the Brazils a great amount of British produce, we imported
apd introduced into the consumption of this country a very small
amount in value of the produce of Brazil in return. The value
of our export trade to Brazil was about two millions and a
half sterling a year—it had varied a little during the last two
years—last year it rallied a little, but he was sorry to say that
it was rather a struggling and declining trade than an increas-
ing one, for reasons to which he should presently advert,
but it was very considerable. In 1836 the export of England
manufactures to Brazil amounted to 3,000,0001. It had since
averaged rather above than under two millions and a half
annually, till the year 1842, when it fell to 1,756,0001.
In the last year, 1843, it had increased a little,
and it still amounted to 2,140,0001. annually. This
was the exact amount of our exports to the Brazils. The
Brazilian produce which was imported for consumption into
this country, was small in comparison, amounting to only be-
tween three and four hundred thousand pounds. This was
undoubtedly a very anomalous and unnatural state of things ;
and it obnoxiously exposed our merchants and manu-
facturers to very great disadvantages in competing
with those of other countries. The consequence of the existing
system was, that the merchants of this country were obliged
to resort to an indirect procedure. British ships carrying
out a cargo of British manufactures to the ports of Brazil,
could not find a cargo to bring back again. They were
therefore obliged to take their cargo of sugar, coffee, or what-
ever it might be, to some third country, competing on
the voyage with the ships of that country, which, as they are
returning home, possessed an advantage over them with respect
to th? expense of navigation. They were obliged to return to
this country in ballast, after suffering every disadvantage in
their competition with the vessels of other countries. The
effect of this state of things was so obvious that he did not
think it necessary to cite documents at any length to illus-
trate it. There were, !however, one or two statements, which
he would venture to read to the House. The first occurred in
the evidence of Mr. Moore, a respectable Brazilian merchant,
before the Import Duties' Committee. The Hon. Gentleman
then read a portion of the evidence, referring to the aum-
ber of vessels which left Liverpool annually for Brazil.
It was stated that, in 1838, not one vessel returned
to this country from Brazil, which was not in ballast.
he would read an extract from a petition lately presented to
the House by the shipowners and merchants of Liverpool.
They put this part of the subject in a forcible paint of view.—
( The Right Hon. Gentleman then read an extract from the
petition, which stated that 114 vessels went to the port of
Rio Janeiro for sugar, and that only 21 returned to
this country with a return cargo, and that this had a prejudicial
effect on the shipping interest of the country. He hoped that
those who were in the habit of defending the shipping interest
of the country would take those facts into their consideration.
Of this he was sure, that no interest in the country would be
more benefftted by a liberal system of commercial policy than
the shipping interest.—( Hear, hear.) That interest had
heretofore opposed a liberal commercial intercourse with
other nations, but they were now becoming alive
to the truth that there was no safety for them
except in the adoption of such a system as he
had endeavoured to describe. He might refer
to the effect which the present system had upon the rate of
exchange between the Brazils and this country. Any person
connected with the subject must see that, taking out cargoes
on one side, and returning empty on the other, must have a pre-
judicial effect on the rate of exchange between the two countries.
But notwithstanding the disadvantages under which this coun-
try laboured ; the cheapness of their goods, and the intelli-
gence, and, above all, the high character which their great firms
had in foreign countries, would enable them to struggle on and
compete with others more favourably situated. But they were
pressed on by foreign rivals, by America, France, Switzerland,
and Germany. —(Hear, hear.) He had accurate statistical
returns published by the French Government, which he would
read to the House. It would show that while our com-
merce had not increased, the French commerce with
the Brazils had been growing at a very great ratio.
He found that in the year 1837 the exports from France to
Brazil were, in round numbers, twelve millions of francs. In
1840 they had: grown to sixteen millions of francs. In 1841,
the last year to which his returns applied, the exports amounted
to twenty millions of francs. Now,let the House compare that
statement with the diminished, or rather the stationary
state of our commerce with Brazil during the same period.
He would now read a s atement of the "imports into France
from the Brazils. In the year 1837, they amounted in round
numbers to 6,000,000 of francs. In 1840, they had fallen to
5,900,000 francs, but in the year 1811, they had grown
to nearly 8,000,000 of francs, the amount of imports being
7,993,000 of francs. He mentioned this to show that if they
wished to support our merchants and manufacturers, who were
engaged in an honourable oompetition with other countries in
the trade which they carried on with the empire of Brazil, they
ought to see that they did nothing which would subject those
manufacturers and merchants to greater disadvantages than they
at present laaboured under. There was another point connected
with this part of the subject, to which he would for a moment
address himself. He bad already stated to the House the
enormous duty that was placed on Brazilian produce imported
into this country for consumption. Hs held in his hand
returns, which he believed to be accurate, for he had
taken great pains to make them so.—(Cries of " Hear, hear.")
He had to return his thanks to the Right Hon. Gentleman
the President of the Board of Trade, from whom he had re-
ceived some very valuable returns. He had also been greatly
assisted by returns which had been published in some
of the newspapers, bUt more particularly in a
newspaper called the Economist. He had already
stated to the House the terms on which we received Brazilian
produce in this country. He would now state what were the
terms, compared with ours, on which other nations, our rivals
in the Brazilian trade, carried on their trading, and the
rate at which they received Brazilian produce for con-
sumption. The duty in England on Muscovado sugar
per cwt was 635. In France the duty on Muscovado Sugar
was 2Cs. 6d. ; in Australia it was 13s. Bd.—( Hear.) In the
Zollverein ;Germany, that great mart of ours in our trade
with Brazil, the duty was 15s. 4d. per cwt on Muscovado sugar.
There was no country in the world which paid a higher duty
than this country. He would not be answerable for the
accuracy of all those figures, but, on the whole, he thought they
were correct. He had now endeavoured to lay before the House
the present state of their Commercial relations with the
Brazils. With respect to the cotton manufactory, which,
although not an increasing one at present, was an important
branch of their trade. as the Brazils afiorded them a market for
cotton goods to the amount of, at least, one million-and-a-half
sterling; and he thought there could be no doubt that they
was bound to protect their manufacturers in their honourable
pursuits, and to promote theiri nterests by every possible
means. He would now come to the more important part of the
subject, he meant the future prospects of the trade with that
country, and he should say that that trade had now arrived
at a great crisis. The treaty of 1827 was about to expire,
and -it will be for the Brasilians to renew it or not as they
might choose with us, or to go to any other nation.
Such being the existing state of things, it was net
surprising that great anxiety should be expressed
by the manufacturing interest of this country to know
what course would be pursued, and he there-
fore hoped that they would get some information
upon the subject from her Majesty's Government. He
believed that in Brazil many persons entertained enlight-
ened views in matters of trade, and would feel disposed—even if
this country adopted a hostile course towards Brazil—to furnish
themselves by following out a course adverse to their
own interests as well as those of England. He
hoped they would not do so—that they would not
attend to the doctrines he had often heard on the
other side of the House—that free trade was a good thing only
when there was reciprocity. —( Hear, ;hear.) He hoped they
would not attend to the doctrines of Colonel Torrens—
doctrines which he regretted to say were quoted
by the Right Hon. Baronet at the head of the Government,
that if a nation could not induce another nation to take its
goods on reasonable terms, the best course to follow was to shut
up its ports against that nation.
(LEFT SPEAKING.)

CENTRAL CRI VIINAL COURT.

OLD COURT.

Joel Barnet, aged 22, was indicted for stealing three
bills of exchange, value 891. 23. 9d., the property of Saul
Yates, in his dwelling-house.
The prosecution was conducted by Mr. Clarkson, and
the defence by Mr. Wilkins.
From the evidence it appeared that the prisoner had
attempted to induce Isaac Sydney, who was the brother-
in-law of Mr. Yates, and employed by him as a process-
server and sort of clerk, to get possession of the bills on
which Mr. Yates had been carrying on proceedings
against a Mr. Myers. Sydney gave intimation of this
application to Mr. Yates, and a trap was laid for the
prisoner, who called next day, and w ent into the office
where Sydney was. On a given signal Inspector Tod-
hunter and Mr. Jukes, Mr. Yates's chief clerk, rushed
into the office, and found the bills in the prisoner's pocket.
The jury returned a verdict of guilty, with a strong
recommendation to mercy, in consequence of their belief
that the prisoner had merely been made use of as an
instrument by other parties. -
The prosecutor begged to join in the recommendation
for the same reasons.

Mr. Justice PATTISON quite agreed in the view taken
of the case, and would, therefore, not pass the sentence
of ten years' transportation to which the prisoner was
liable for the offence of which he had been convicted.
The sentence was that he should be imprisoned and kept
to hard labour for six calendar months.
EVENING SITTING.
(Before the RECORDER.)
Benjamin Law and James Dunn were convicted of
feloniously breaking and entering the dwelling-house of
James Leggett, and stealing a bed, a looking-glass, and
other articles, value St, his property.
Mr. Ballantine conducted the prosecution, and Mr.
lorry defended the prisoner.
An alibi was set up for both, and the evidence was of
such a nature that the jury wished to stop it. They were,
however, recommended by the Recorder to hear it out.
Mr. BALLANTINE passed some severe animadversions
upon the manner in which these horrible scenes of per-
jury were got up, and pointedly alluded to the person
who instructed Mr. Horry.
Mr. HORRY denied that he was instructed by that in-
dividual, and an altercation ensued.
The RECORDER coincided with Mr. Ballantine in his
observations, and would most severely punish whoever
could be proved to have got up one of those defences.
The prisoners were frequently ignorant of such a de-
fence being arranged until they heard it in Court. No
Learned Counsel ought to take a brief unless he knew
from whom he had received it. His Lordship then sen-
tenced Dunn to ten years' transportation, and Law to
one year's imprisonment, with hard labour.

FOLKESTONE.—The opening of the railway has
caused a great influx of visitors to Folkestone. It has been
said that this is the only place in England that has been
benefited by a railway passing it, and we venture to predict
that the permanent benefit arising to the town is only be •
ginning to be felt, and is not as yet half appreciated. That
the extraordinary rise in the value of property is the effect
of the railway, and the increase of population, is very
clearly demonstrated by the eagerness which everything in
the shape of a house is sought. But three years ago ninety-
six houses were unoccupied, and the new corners hired the
best and most prominent establishments at a very low figure ;
now the houses are all occupied, and most of them perma-
nently so, and rents have risen doubly, and in many instances
in a treble ratio with what was paid in 1841. The trade of
Folkestone, which was at a very low ebb three years ago, has
- increased wonderfully.—Canterbury Journal.
AQUATICS AT ETON COLLEGE.—The captair, Mr.
Codrington, has just selected his crew for his eight-oared
boat, for the approaching season, which consists of the
following Etonian :—Mr. Codrington (captain), and Messrs.
Errington, Luttrell, Speake, Slade, Babington, Dixon, and
Woodridge. Lord Cecil has been selected by the captain as
coxswain.