The Sun.
London, England, 1844-05-18 00:00:00

THE SUN, LONDON, SATURDAY MORNING, MAY 18, 1844.

given to all the survivors of our greatest naval
battles, in and since the reign of GEORGE III.; and
let the honour be thus more largely distributed here-
after, whenever it shall have been deserved, for vic-
tories of similar importanQe and distinction at sea.
In this way, that good understanding now subsisting
between the two services might be most admirably
maintained.

We must defer, to another opportunity, a careful
notice of Sir CHARLES'S speech of Thursday evening.
It very cleverly, though unsuccessfully, advocated a
proposition, not only of great interest and novelty
and justice in itself, but, to our mind, one which it
would eminently contribute to, the welfare of
the British naval service to affirm. We may
remark, by the way, that in May last year,
he moved an address to the Crown, praying
her MAJESTY to give directions that a certain
number of old officers should be allowed to retire on
a separate list, with increase of pay, with a view of
bringing forward young and active officers ; " Lord
INGESTRIE seconded this motion (observed Sir
CHARLES, on Thursday), and was reprimanded by the
Right Hon. Baronet (Sir ROBERT PEEL) in conse-
quence." His motion of Thursday was, " that this
House recommend that previous to the preparation of
the navy estimates, to be submitted to Parliament
in the year 1845, some plan of retirement for
officers in'the navy on the top of the respective lists
should be devised, so as to make the naval service
more effective, and to afford the opportunity of re-
warding old and meritorious officers."
It must be allowed that in the debate which ensued,
at all events a much more respectful hearing and
lengthened discussion were conceded than the pro-
position of May 1843 met with. We trust that
this fact was not wanting to induce the Gallant Officer
to persevere.

The rival candidates for South Lancashire have
taken the field, and we have to congratulate the
League on the homage that both pay to the principles
of free trade. Mr. BROWN avows his conviction that

" nothing can enable us to maintain our position
among other nations but perfect freedom of trade,"
and therefore pledges himself to support that great
cause, and to use every exertion to ensure its speedy
success. Mi. ENTWISTLE reluctantly confesses that
free trade is above all things desirable to the people of
South Lancashire, but he refuses to promise any ad-
vocacy of its principles, declaring that other interests
are to be consulted, and other considerations to be
regarded. He cannot make up his mind to abolish
monopolies just yet; he does not deny that the mono-
polies are unjust in themselves, and especially inju-
rious to the great bulk of the constituenoy he is am-
bitious of representing; but he tells the electors that
he prefers other influences to their wants and wishes.
It might almost be supposed that his address was de-
signed " a double debt to pay"—an offer of him-
-1 self for the representation of South Lancashire,
and an offer of his conscience to some state doctor
capable of giving it a safe and profitable direction.
There is a studied obscurity in Mr. ENTWISTLE'S
declaration, which has too much the appearance of
paltering with principle ; like Mr. BARING, he is a
free trader "in the abstract," and, like that same gen-
tleman, he leaves himself room for becoming a mono-
polist in the concrete. His reservation is so large
that it can absorb the entire principle ; it is like the
baptismal vow of the converted Indian, who professed
that he adapted the conditions of admission into the
Christian Church, with the discretion of, obeying
them according to circumstances. At a subsequent
time, when reproached for some gross crime by his
pastor, he declared that his discretional application of
circumstances released him from two Christian obli-
gations, which were only his duty towards GOD, and
-his duty towards his neighbour.
Archbishop WIIATELEY very justly remarks that
men boast most of the qualities they possess least ;
Mr. ENTWISTLE having put forth his sentiments on
the corn-laws, from which CEDirts himself could
not discover whether he intends to support total re-
peal, a fined duty, or a sliding scale, informs his con-
stituents that he has been " explicit" on the subject.
Why no Delphic oracle was ever involved in greater
obscurity ; his exceptions and reservations go beyond
the cautious prediction in poor ROBIN'S Almanac, " if
it does not rain, hail, or blow, freeze, or snow, and the
sun shines out cl 9- Easter Sunday, it will be a
- ft.c- clay.- His freedom of trade is" cte-ggect with
worse conditions than the freedom of the press, which
FIGARO found in Madrid. Translated into plain

English, his declaration means, "provided that it
does not interfere with the monopoly of food, or the
monopoly of sugar, or any vested interest, or any
profitable abuse, or any absurdity, or any injustice
which any monopolist may find it convenient to re-
tain, I am ready to support free trade."

If the electors of South Lancashire are deceived
by so palpable a delusion, they deserve to be chro-
nicled in the history of gulls, as having a more
capacious swallow than_ can be found in the whole
range of ornithology. But we rather think that Mr.
ENTWISTLE has taken a false guage of their capacity ;
the men of Manchester have not forgotten that when
he stood as a candidate for the representation of their
city, he said, " I admit my own disposition to retain
. . .

in a modified form the principle of a fluctuating

duty ;" in other words, he confessed himself a slippery
advocate of a sliding scale. Now, the important
point to be determined is, whether he has changed or
not. Does he still adhere to slippery ways and
sliding scales ?—or has he found a resting place in
the fixed injustice of a fixed duty P—or has he made
up his mind to the common sense and common jus-
tice of total and immediate repeal ? We wait for
some comment on his oracular response, for the ad-
dress which he puts forth belongs to that class of
documents which
Puzzle by their explanation,
And darken by elucidation.
Though Mr. ENTWISTLES reference to the question
of free trade is obscure, the purpose thereof is
potent; -he merely wishes to furnish an excuse for
venality or timidity to any free trader who may be
bribed or intimidated, or brow-beaten into voting
contrary to his conscience. No one can be deceived
by his declarations but those who have a corrupt mo
tive for wishing to be deceived. Such fustian can
never pass for sound goods in the markets of Lanca-
shire, unless there be a fraudulent purpose in the

transaction.
It is rather gratifying to find that both the candi-
dates for South Lancashire are commercial men, and
that both make their chief appeal to the commercial
and manufacturing interests. The northern mono-
polists have at length abandoned in despair the solu-
tion of the problem, which they long made the basis
of county representation—" how many acres make a
wiseacre ?" If commercial skill, enterprise, wealth,
and extent of mercantile connexion are to have
weight in the decision, Mr. BRowN is in most, if not
all of these points, immeasurably superior to his
rival. But, as we have before said, all such conside-
rations fade into insignificance when compared with
the great question really in issue—free trade or
monopoly. The difference between "free trade in
the abstract and monopoly" is nothing. When the
Barmecide gave an abstract dinner to the barber's
brother, the poor fellow would have been starved had
he not boxed the ears of the person who mocked him
with such unsubstantial entertainment. If the
electors of South Lancashire are induced, like SHA-
CABAC, to accept an abstraction, it is not unlikely
that they will have to treat him as that disappointed
man did the Barmecide. But we have good grounds
for hoping better things, and we have no doubt that
BROWN and reality will, as they ought to be, be pre-
ferred to ENTWISTLE and abstraction.

Madrid journals of the 9th have been received
The departure of the Royal Family for the baths of
Caldas, in Catalonia, was fixed for the 20th, and it
was expected that they would not return to the capital
for six weeks.

The Three per Cents. were done at 28i, for cash
and '2Bl at 60 days, and the Five per Cents. at '2ll.

The French Government have at last announced
their intentions relative to abolition of slavery in the
colonies, and we regret to find that the plan falls so
far short of what was expected. It refers only to
preparatory measures, without any allusion whatever
to the period when emancipation shall take place.
On Tuesday AdMiral MACICAU introduced into the
Chamber of Peers a Bill, the object of which was,
he said, to ameliorate the condition of the negro
slaves in the French colonies, and to prepare them
for the eventual abolition of slavery. The Bill con-
tains five clauses. The first related to the food and

comfort due by the masters to the slaves ; and the

other four to punishnients, duration of labour, the
marriage of slaves, and their religious and elemen-
tary instructions, the savings of the slaves, and
their right to purchase their freedom. Measures
also were to be adopted to repress the cruelties
committed on slaves; to modify the present courts of
assize, and increase the number of magistrates. For
these purposes the Government asked for a vote of
1,200,000 francs (48,0001.) The Government have

also another important measure in view—namely,
the improvement of the French harbours in the Me-
diterranean and the Channel. A Bill to that effect
had been introduced into the Chamber of Deputies,
and referred to a Select Committee. The sum re-

wired was 46,000,000 francs (1,800,0001.) The re-
port had been presented, and that sum is to be prin-
cipally employed in the enlargement of the ports of
Marseilles and Havre. The Committee recommend
the reduction of a million out of the sums to be laid

out on the works at Marseilles, and on the canal be-

tween Bouc to Martigues. The Committee also re-
commend to have six years fixed as the period for the
completion of those works, in place of eight, as men-
tioned by the Bill, and suggests five as the period for
finishing the fortifications of Havre.
In reference to this- subject the Prince de JOIN-
♦ILLE has just published a pamphlet which is making
some noise at Paris. lle distinctly states, notwith-

standing all we have heard to the contrary, that
France is not in a fit state to contend with England
at sea,, chiefly for want of war-steamers. After
calling the attention of the Government and the
public to the state of the navy, the Royal author

says
" I wish it to be clearly understood that I have no intention
of making this note, which i 5 consecrated entirely to the
state of the French navy, a political one. If I speak of Eng-
land as I may do of any other country, it will not be in a
narrow spirit of animosity, or even of national rivalry ; but
merely to point out, by reference to what is occurring in
foreign countries, what we ourselves ought to aim at and what
we ought to avoid. If I talk of war, it is not by any means that
I wish my country to exchange the benefits of peace for its
ruinous hazards. My belief is simply this—that peace, to be
dignified and durable, must 'always have the support of a force
capable of making it respected. Taking, therefore, a state of
war as the base of my reasoning, I shall pick out a case which
will elucidate My thoughts, and I will suppose France obliged
to defend herself against-the most powerful of the maritime
powers, that is; against -England: Having stated this, and
proceeding according to this plan, but always reasoning in
the abstract and by way of hypothesis, I now enter into my

subject.
" The establishment of steam navigation has given France
the means of re-establishing her decayed naval power under a
newTorm, admirably adapted to the resources of the country
and the genius of the nation. The establishment of a navy
was hopeless at a time when the empire of the sea belonged
to the power which could send the greatest number of sailors
to am _ _

" The steam navy has changed the face of matters. It is
now our military resources which will come to take the place
of our impoverished naval establishments. We shall always
have enough of officers and Men for the duties left for a sailor
to perform on board a steamer. The engine supplies the place
of a hundred • hands, and I have no occasion to say that we
shall ever feel the want of money for the construction of
steam-engines, nor of soldiers to light when they shall be
called on to support the honour of the country. With a
steam navy, the boldest war of aggression on the ocean is
permitted. We are sure of our movements, free in our ac-
tions. Time, winds, or tides, give us no longer concern ;
we can calculate to a day or an hour. In case of a continen-
tal war, the most unexpected diversions are possible. In a
few house armies can be transported from France into Italy,
Holland, or Prussia. What was once done at Ancona with a
rapidity which was seconded by the winds, can now be done
every day without their assistance, and almost against their
influence, and with still greater rapidity. As I have already
said, these new resources suit us admirably, and the forms of
war, thus modified, do not leave the chances as they were
thirty years ago, between France and the enemies with which
she may engage. It is a subject worthy of inquiry, to what
point the progresS of steam and its probable employment
excites the attention of our neighbours.
" These notes of alarm, uttered in the English Parliament,
should call forth a similar sentiment in our Chambers and
throughout the whole of France. Our line of conduct ought
to be traced by the hands of our neighbours themselves; but
that is not the case. We cross our arms while England acts.
We discuss theories, while she puts them in practice. She
creates for herself, with activity, a formidable steam force,
and reduces the number of her sailing ships, of which she
has discovered the uselessness. We ought to have preceded
her in that reform, or, at all events, to have followed her
with ardour;. but we have kardly six steamers capable of
sustaining a comparison with the British navy.
It is melancholy to say it, but people deceive themselves,
and have deceived the country by flattering words and erro-
neous calculations. People have persuaded themselves, and
have endeavoured to persuade the country, that it is in pos-
session of a strong and respectable steam navy. Deplorable
error; source of a confidence still more deplorable !
" In case of war, the French navy would have two theatres
of action, the Channel and the Mediterranean. En-gland
could, in a few hours, disembark troops on any part of the
coast,, and could destroy Dunkirk, Boulogne, or Havre,
before anything could be done to save them. Even in the
• roads of Brest, which were formerly safe, from the difficulty
of the navigation, but which difficulty has now disappeared
before steam power, the English flag might float. Thus, by
the aid of steam, England is able to menace all our coasts on
the Channel, and even to reign in the Mediterranean by
cutting off all our communications with Algiers. She could,
besides, effectually and closely blockade all our coasts, and
that from this very day, if she likes. And. to resist her
ytahavienleureaource, but one mieaj!,l3zt.ll..at which she
-4‘ The naval force of France is not in a fit state to-contend
with England. England has 125 war steamers, of which 77
are armed. She has besides a commercial steam navy which
can supply her, in case of necessity, with 200 steamers capable
of carrying heavy cannon and troops. The French steam
navy, on the other hand, only dates its origin from 1829, and
hardy received any increase till 1840. The danger was then
perceived, and an attempt was made to increase the steam-
power by the establislament of trans-Atlantic steam-packets,
but that project has failed from mismanagement.
" In all our harbonis splendid manufactories are con-
structed, of imposing architecture, and enclosed in mag-
nificent dockyards. These manufactories are intended
to supply the materials and wants of a navy which
is yet in its infancy ; but as these great establishments
cannot be left unemployed, and as all the steam navy
which we possess , is • employed at Toulon, where
alone steamers exist which require repair, what was to be
done with all those establishments which had been built in
the harbours of the Atlantio? They have been employed
for the construction of engines, instead of leaving that branch
of manufacture as an encouragement to private enterprise and
industry. We had Indret before, and its costly productions.
But must we still add to these expensive establishments? Is
it right to employ the money which has been set aside for the
increase and improvement of the fleet to the construction of
buildings, the utility of which is far from being clearly de-
monstrated? We have always shown too much anxiety to
increase the immovable dead-weight of our marine, to the
prejudice of that portion of the force which alone is active
and efficacious. It would be well to try a contrary system,
and I am convinced that it would be easy to find the means
of arming a real steam fleet, and of encouraging a useful
branch of industry, if we were to. employ the private manu-
factures of the country to supply those beautiful and excel-
lent machines which it is so well able to make.
"If I drew here a real picture of our steam navy—if I
said that in the whole number of forty-three vessels, of which
our whole floating steam navy consists, there were not six
which could stand a comparison with the English steamers, I
should not be believed • yet I should only have affirmed a
simple truth. The greater number of our steamers belong to
that class of vessels which were good in 1830, when they were
built, but which at the present day are certainly far inferior
to those which the progress of art has enabled others to con-
struct. These ships, too, having been continually employed
in the Mediterranean, have already become prematurely old.
They arc no longer fit for the service of Algiers, or for those
political missions in which, however, we are forced to employ
them,'for want of better. The officers in command of them
blush to see themselves so weak and impotent—l will not say
as compared with the English only, but as compared with
the Russians, the Americans, the Dutch, and the Neapolitans,
all of whom have better ships than we have."
He goes on then to show the part which the different por-
tions of the naval force ought to take in defence of the State.
" The steam power would be employed to guard the coasts
of the kingdom, and. to keep up a surveillance on the coasts
of Great Britain, and to guard and to protect the conquests of
France in the Mediterranean. Sailing ships would, at the
same time, be used on distant stations; but in that case it
would be necessary to employ more ships on those stations
than are employed at present. At the present time France
had only forty-gun frigates, with a crew of 300 men, on sta-
tions where England and America had fifty-gun ships with
crews of 500." On each station there ought to be two or three
frigates under the command of an' admiral, " instead of the
small vessels now-employed, which were to our diplomatic
agents a source of insult, and which, in the very first brush
of a war, would be destroyed by the first hostile frigate that
happened to fall in with them."
The PRINCE closes his remarks, by stating that the
power and dignity of the country can only be sup,.
ported by a strong steam navy. The pamphlet, al-
together, is very creditable to his Royal Highness.
It lets out some secrets, it is true; but the sentiments
expressed are fiank and honest, and the statements
will awaken the attention of France to the truth.
The KING is said to have been opposed to the publi-
cation, but this., is not probable. A wish on his part
would be equal to a command ; and, besides, the
impartial and able view taken of the question, only
does honour tothe author and the Royal Family.
The following
,telegraphic dispatches were received
by the French Government on Wednesday :
• " PERPIGNAN, MAY 13.
" An English war steamer, coming from Malta, brought,
the day before yesterday, to Barcelona, the news of the settle-
ment of the differemces which had existed between the Bey
of Tunis and the,King of Sardinia."

" BAYONNE, MAY 14.
" Intelligence from Spain announces that the two Queens
and the Infanta will lea ye Madrid on the 20th for the baths
of Caldas, in Catalonia. These personages will pass through
Valencia; and General TisTarvaez is, it said, the only Minister
who will accompatiy the'r Majesties."
THE BOURSE—WEDNESDAY, MAY 15.
First Highest Lowest
Price. price. Price.
French Five per Cents - • 122 15 .. 122 25 122 20
Three per Cents.— • • 81 40 .• 84 50 • • 84 40 •
Bank of France
Belgian Fives, 1831...
.. 10
105 5 •
1840 •• •• •• 1051 .. 106 .• 1
1842 logs .. 1081 .. 1081
Spanish Active • 331 331 .. 331 •
Threes •••••• • • •• •• 361 .. 36/ 36t •
Passive ••.• • • ..... 61 • • 61 • • 6* •
Neapolitan •••••.• • •• •• 14a 30 .. 102 30 ••
• 102 30 ••
Roman, ex dlr. •
RAILWA Y SHARES.
Versailles, R. 8..• •••••• • • • 374, .• 375 .. 370
L.B. • • 246 25 .. 247 50 .. 246 25
Rouen • .•• .. 984 .. 985 • • 980
Rouen to Havre •• 74t) .. 740 740
• • 987 50
Orleans .• • • • •••• • • •• •••• •• 937 .50 .. 995
• • 272 50
Strasburg to Bale ••• • • • ••••• Y73;Y73;75 .. 275
Avignon to Marseilles" .• 7601 .. 760 • 760
RATIVIY SRAkV } 'OR THE ACCOUNT.
$
Per-ailles,R.B. • 3711, .. 375 • • 370
... JAR. 245 .. 247 50 .. 24.5
990 .. 983 75
50 740
Rouen to Havre. •
•
Orleans ••• • • • 987 rio ,y 750 . 987 50
27$ 75 ..Strasburg to Bale ••.• • .• 272
M 50
7:
Avignon to arieilles".. • 765 .. 76b . 765
24 .747

Last

Price.
122 25
84 50
3115

. 102-30

. 370
. 247 50
. 985
. 740
. 995
. 273 75
.. 760

- 375
. 247 50

990
• 747 50
• 997 50
273 75
• 763

MONEY AND COMMERCIAL NEWS.

CITY, FRIDAY EVENING.
English Securities closed firmly, Consols at 99i
East India Stock has been 286 to 287. Exchequer Bills

are 675. to 695. - •
The Foreign Bonds were all fiat, but Spanish Three
per Cents. recovered slightly, being 35 to 4 for Account.
The Actives were 24 to 234. Colombian stock was 141;
Mexican, 354 to 1 ; and Brazilian, $O4. The Northern
Securities were the only ones that could be called firm.
The additional transactions in Railway Shares have
been these :—Birmingham and Derby were 381 ; Bir-
mingham and Gloucester, 8 ; Great North of England,
11 ; Blackwall, 91; Midland Counties, 11 ; and Thames
and Medway, 9 discount. Birmingham and Gloucester,
New, 51 ; Bristol and Exeter, 11 to 12 ; Eastern Coun-
ties, Perpetual, I ; Great Western, Half, 27 ; ditto,
Fifths, 94 ; llarwich (Braithwaite), 4to ;_ ditto
(Locke), Ito ; Birmingham, 124 ; South Western,
45i ; Manchester and Birmingham, 17 ; Northern and
Eastern, 12 ; Norwich and Brandon, 7 to 4 ; South
Eastern, 51 to 4 ; Yarmouth and Norwich, 61 ; York
and North Midland, 681 ; and ditto, Scarborough
Branch, 171 premium. Australasia Bank Shares were
3 premium.
The exchange on the principal continental cities was
steady this afternoon.
(From The Sun of Last Night.)
The Cotton Market at Liverpool yesterday was dull, and
with a disposition on the part of holders to sell. Prices,
however, were not decidedly lower. Sales, 2,500 bags. Shares
were worse, especially Birmingham. Caledonian, 4/ ; Eastern
Counties, I2i ; Edinburgh and Glasgow, 664 ; Great Western,
Fifths, 214 ; Birmingham, Thirds, 38 ; Brighton, 44/ ; South-
Western, 854 ; Manchester and Birmingham, 58 ; Midland
Counties Quarter, 221; Paris andeLyons, 31. Is. 6d.; South-
Eastern, New, 124; Trent Valley, 104.
It is very much questioned in the City whether the altera-
tions that are contemplated, with regard to the savings' banks,
are on the whole advisable. At the same time, it is not at all
conceded that the reduction in the rate of.interest allowed to
depositors will have any permanent ill effects, as with
reference to the grand amount now, or recently
placed in those most useful establishments. The
deputation from the principal savings-banks' managers, which
had an interview the day before yesterday with Sir Robert
Peel, relative to the suggested changes; were received cour-
teously and heard patiently, but we are given to understand
that the plans of the Government, as brought before
the House of Commons, will in their essence not
be departed from. The sooner all doubt is put
an end to as to the alterations in the system the better.
The policy of having loan funds attached to the savings
banks, is one requiring attentive consideration, and may be
adverted to on another occasion.
The following extract from the Toronto Patriot, confirms
some previous remarks made under this head a short time

ago :
" By letters received, via Boston, by the last mail from
England, we are exceedingly happy to observe a strong con-
viction amongst well-informed people, that the Canada Corn
Bill has been of essential service to this colony, and that the
effects will be seen this year, and still more hereafter, in the
settlement of men of capital in the province for agricultural
purposes. Large deposits of money were being made for
transmission to Canada, by parties who are now on their
way out, vid New York."
The Commercial Markets keep heavy. The Government
contract for 100,000 gallons of Rum—half East, half West
India produce—was taken yesterday ; they were firm at
2a id the gallon.
The Commissioners took 30,0001. Consols this morning at
99k, which had the effect of rendering the market firm. This
is the price, at the present writing, both for money and time.
A shadow of improvement is noticed in some of the other
Stocks as well as in the Unfunded Debt. Bank Stock is quoted
at 192 ; India Stock at 286 ; Exchequer Bills at 70s.
premium ; and the New Three-and-a-Half per Cents. at 1021.
Spanish Active Bonds, are on the decline, having been
quoted at a fall to 23k, and the Threes to 241 6. Both are
about t per cent. higher' now. For Portuguese Converted
the market is heavy, at 46. Dutch Stock remains much the
same as yesterday. Belgians have advanced to 1031. No
bargains have been effected in the other Foreign Bonds this
morning.
The principal alterations in the Railway Share Market this
day have been a rise in the Bristol and Exeter to 12 pre-
mium, in the Great Western to 46 premium, in the London
and Brighton to 4i dis., in the Manchester and Leeds to 36
premium, and in the North Midland to 9 discount. The
Bristol and Gloucester, and a few of the other Shares, have
gone back a shade. London and Westminster Bank Shares
have improved to 7 premium.
MANcriEserin STOCK .EXCHANGE, MAY IG.—There has
been but little business done in our market to-day, and prices,
with some few exceptions, are lower. Bolton and Preston,
30 ; Liverpool and Manchester, Half, 109 ; London and
South-Western, 86* ; Manchester and Birmingham, 571
56* ; Ditto, Quarter, 5 5 prem. • Paris and Strasburgh, 21;
Trent Valley, 94 ; Preston and Wyre, 21; Blanchester,Bury,
and Rossendale, 6 3-16.
CLOSING PRICES.
BRITISH FUNDS.
Bank Stock
1 per Cent. Red 933i Ditto Bonds 94 pm.
3 per Cent. Cons.
3% per Cent. Re 1 ......
New 3t per Cent lO2 % Ex. Bills, LOW/. 1%d... 69 pm.
New 5 per Cent. ....
Long Annuities to expire Ditto Small ' 68 pm.
Jan. 1860 l2 7-16 Bank Stock for Acct.... 191%
Oct. 1831) l2 5-16 Consols for Acct. 99%
Jan. 1860 .....
FOREIGN FUNDS.
Austrian, 5 per Cent ll4 !Portuguese, 5 per Cent —
Belgian, S per Cent 103% Ditto, New Ditto
Brazilian Bonds BO% Prussian, 5 per Cent ...... ...
Buenos Ayres, 6 per Cent — ,Russian, 5 per Cent llB%
Lhilian, 6 per Cent — 'Ditto, Metallic
Colombian, 6 per Cent
Ditto, 1824 — Ditto, 3 per Cent 35
Cuba Bonds, 6 per Cent Ditto, Deferred 13%
Danish, 3 per Cent — IFrench, 5 per Cent f. —c.
Greek, 18.5, 5 per Cent — 'Exchange —f. —c.
Mexican, 5 per Cent .. ..... 35% French, 3 per Cent.-- —f. —c
Ditto; 6 per Cent., 18377.... Dutch, 2% per Cent..., 60%
SHARE
Peruvian, 1825, 6 per Cent... i Ditto, 5 per Cent .........100%
S.
Birmingham and Gloucester (100 paid) 92
Bristol and Exeter (70 paid)
---- Ditto Perpetualrspereciii., 6i:4d:PT l.
Great Western (75 paid)
Ditto Half Shares (50 paid)
Ditto Filths, 12 paid 21%
Harwich (Braithwaite), 2 paid '2
Ditto, Locke, 2% paid 2 •
London and Birmingham (Stock)
Ditto Quarter Shares (2 paid) 26M
London and Blackwell (161. 13s. 4ili) 7
Londe& and South Western (111.65. 10d. paid)
London and Croydon (Trunk) l9
Manchester and Birmingham 57
Midland Counties (100 paid) B9
Northern and Eastern (45 paid)
North Midland (100 paid)
Norwich and Brandon ( 2 paid) 9%
South Eastern and Dover (3312 s 4d paid)
Ditto 'Jew Shares ( 4 pa•d)
Yarmouth and Norwich (18 paid)
York and North Midland (50 paid) 1:8%
York and Scarborough Branch (2). paid) ......
COURSE OF EXCHANcT.E.—(YESTERDAY.:

Amsterdam CF. 12 6
Ditto, at sight l2 4
Rotterdam 2U. 12 64
Antwerp 25 95
Flamburgh M.B. 13 144
Altona l3 15
Paris, 3 days' sight 25 65
Ditto, 3 months 25 85
Marseilles
Bourdeaux 25 90
Frankfort on Maine 122 :
Petersburgh, 3Us 361
Berlin 7
Vienna, effect. 13 M 954
Trieste, ditto
Madrid 361
Cadiz
Bilbao 36
Barcelona 36
Seville

Gibraltar —
Leghorn 3O 45
Genoa 25 90
Milan —
Venice 47
Naples ........
Palermo, per oz ll7
Lisbon
Oporto 554
Rio Janeiro e 23
Bahia 23
Buenos Ayres —
NewYork,2ldys sight
Philadelphia —
PRICES OF BULLION, PER OZ.
Foreign Gold, bars. £3 17 9
Portugal Gold Coin 3 17 5
New Doubloons.— 0 0 0
New Dollars 0 4 9;
Silver in Bars 0 4 11

SPORTING 'INTELLIGENCE.
TATTERSALL'S.—YEaTERDAY.
DERBY.
9 to 4 agst Mr. John Day's The Ugly Buck
7 to 2 agst Mr. Crockford's Ratan
12 to 1 agst Col. Peel's Orlando—taken
14 to 1 agst Mr. Scott's Bay Momus
18 to 1 agst Mr. Lichtwald's Leander—taken
25 to 1 agst Mr. Ford's Qui Tam
40 to 1 agst Mr. Quin nd Loadstone
We did not hear a single bet against the Ugly Buck,
but nothing under sto 2 would have been taken. 7to
2 was laid against Ratan to two or three hundred
pounds, afterwards offered currently. (The report that
he passed through London on Thursday was premature;
he sweated at Newmarket that morning, left yesterday,
and arrived at Leatherhead in the afternoon per van.)
Takers of 12 to 1 about Orlando, and of 18 to 1 each
about Akbar and Leander. Qui Tam, although not
backed, cannot be quoted at more than 25 to 1, nor
Loadstone more that 40 to 1.
OAKS.
7 to 1 agst Mr. Osbaldeston's Sister to Martingale—t.
7 to 1 agat Colonel Anson's The Princess—taken
20 to 1 agat Mr. J. Robinson's April Noddy—taken
30 to 1 agst Colonel Anson's Buzz—taken
30 to 1 agat Mr. Denham's Fair Charlotte—taken.
Even between five and the field.
ARRIVALS AT EPSOM.
Ratan, Blackdrop, Keeley, Fakeaway, Falconer, Moor •
hen filly, The Turquoise colt, 2 yrs, Loadstone (so
named before the Irish Derby horse was christened),
2 yrs old, Naworth, Devil-to-Pay. April Noddy, Beau-
front, Nereus, Bishop of Romford's Cob. Inheritess, and
several others, of which we s4ll give a full list in our
next.
We understand that all the trains on the South-
Western Railway will stop at Kingston from this day up
to the close of Epsom Races.
ASCOT RACES.
These races, which commence on the 4th of June,
promise an abundance , of sport, and fully deserve the
patronage bestowed on them. By the programme of the
races published in the last sheet " Calendar," we per-
ceive
that the , large sum of 1,2501. is advertised to be
added to the different Stakes, Plates, &c. (exclusive of
the Gold Vase and her Majesty's Plate), independent
of the recent outlay of 5001. for the new weighing stand
and other improvements. In order to enable the worthy
Master of the Buck Hounds to meet these heavy de-
mands, his Lordship has determined on admitting none
to the small inclosure for carriages opposite the winning
post, except subscribers of 51. each to the Race Fund,
for whose accommodation it was originally intended ;
and as the space will be very limited, an early applica-
tion to the Clerk of the Course is absolutely necessary to
ensure a place in undoubtedly the best situation on the
course. Should the weather prove favourable, a large
and fashionable company may reasonably be expected.
The course is in beautiful condition, and the ploughed
gallops we are sure will be found superior to any other
description of training ground in such dry weather as the
present.

THAMES YACHT CLUB.
At a meeting of the Noblemen and Gentlemen of this dis-
tinguished Club, on Thursday, at the British Coffee-house,
Cockspur-street, the following yachts were entered for the
Grand Challenge Cup :—The Mystery, Exquisite, Gazelle,
Enigma, Blue Belle, Gnome.
The match will take place on Monday, the 10th of June,
from Greenwich to Gravesend and back. The Mystery is
the favourite.
The Commodore announced that Captain Coxedge, of the
Albion, had handsomely signified his intention of giving a
Cup, value fifty guineas, to be sailed for by yachts of this
club.
It was arranged that this match should be sailed on Wed-
nesday, the 10th of July,the club expressing their satisfaction
at the captain's liberality.
THAMES GRAND REGATTA.
*At the Royal Thames Yacht meeting, on Thursday, T. Mee •
som; Esq., announced the Thames Regatta for the 20th, 21st,
and 22i. of June.