The Sun.
London, England, 1842-08-10 00:00:00

THE SUN, LONDON, WEDNESDAY MORNING, AUGUST 10, 1842.

would not supply money enough to provide rations
for the army for a single week. There are
_no crores
rupees to be picked up in- Affgliallitan as there
were in the rich cities of -the Mogul Empire in the
lays of CLIVE and IlisriNGs. All we have to ex-
pect is abundance of hard blows. These, doubtless,
we shall repay with heavy interest; but barren vic-
tories are not much to the taste of British armies.
Officers" and men judge of the value of the-
praise by the solid pudding which accompanies it, or
cO which it is but the prelude.
We are as opposed as Lord PALMERSTON himself
to anything resembling a forced retirement from
Caubul. We are not for showing our backs while
that country contains an enemy in a condition not to
pursue, but even to menace us. We have entered
Affghanistan as allies ; let us leave it in the same high
character. By striking a few vigorous blows an
excellent opportunity will be afforded us. We trust
the Indian Government will know how to turn our
first successes to good account. We must in the first
place retake the city of Caubul and the fortress
of Ghuznee, which will leave us in possession of all
the principal cities in Affghanistan. We will then be
in a condition to propose our own terms to the chiefs.
Then will he our time to propose the retirement of
our troops across the Indus.. By. voluntarily with-
drawing from Caubul, we shall not in the least
weaken the opinion entertained of our invincibility
by the Princes on the confines of our Indian empire.
They have felt our power, and comprehend the sta-
bility of its basis, too often to occasion us any more
trouble. Our Indian Empire is no longer an empire
of opinion. -It is a Government of force, Apical
and mental, which no native race is able to cope with.
It is not like the image in the King of BABYLON'S
dream, having a head of gold and feet of clay. We
have, therefore, nothing whatever to occasion us any
alarm on that score. We are as finnly.futed on the
banks of the Hooghley as we are on those of the
Thames, the_ Tweed, and the Liffey.

There is no political news of much importance in
the French Journals. In the election of President
and Vice-Presidents of the Chamber of Deputies, the
Ministers have obtained ti signal triumph.
The Moniteur, of the. 7th of August, publishes in its
official part a note, stating that the King had received
letters of condolence on the death of the Duke of Orleans,
from their Majesties the Kings of Bavaria and Wurtem-
mug, from his Royal Highness the Grand Duke of
Hesse,,and from the_ Senates of ILunburgh, Lubeck, Bre-
men, and Frankfort. _ _

It is affirmed that the project of law on the Regency
will be examined for the last time in the Council which
will be held to-day.
The Ayuntainiento of Barcelona, has resolved to send
a deputation to Madrid, consisting of two of its mem-
bers, Messrs. Bech and Massadas, to ask for the demo-
lition of the building in the interior of the citadel.
The artillery of the National Guard has received a
considerable quantity of powder. It is seriously in con-
templation to complete the train of equipages, and to
improve the materiel. •
General Zurbano was to arrive at Puycerda on the
30th of July. The rebels' on disbanding themselVes,
delivered up the prisoners they-had taken, and their arms,
without ransom. Jose Costa, who signed, as secretary,
the proclamation, of Felip, has been arrested by the
French gendarmes, and St. Laurent de Cerdans, and
lodged in the prison of Perpignan.
'lhe bands which desolated the province of Gerona
are retiring towards the coast, where thew hope to find a
place of refuge.
The Moniteur Algerien, of the 30th of July, announces
that there were at Algiers many Arab chiefs, who had
come to offer the submission of their tribes.. The roads,
to the distance of twenty-five or thirty leagues, were
quite safe even for single travellers, as well European as
natives.—Commerce.

MONEY and COMMERCIAL NEWS.
CITY, TUESDAY EVENING.
The effect of the pigeon expresses being at an end,
and the Report of the Exchequer Bill Commissioners
having appeared, and, therefore, implying the improba-
bility that rumours will he again be attempted, for some
time at least, as a method of influencing our funds,
prices of Consols further advanced to 92 94:- for Money,
and for the Account ; Bank Stock 169- 170} ; India
Stock, 249,i- 2501 ; Exchequer Bills Old, 51, 53 ; New,
49 51 premium.
The prices of Foreign Securities were rather higher,
and the market firmer than yesterday Belgian
Bonds were 1014 1021 ; Dutch Two-and-a-Half per
Cents., 51;1- 52 ; the Five per Cents., 101.1 102 ; Danish,
82 83 ; and Brazilian, 64 66.

The Share Market was better. London and Birming-
ham, 180 182 ; Birmingham and Gloucester, 48 49; Great
Western, 891 90k; the Half Shares, 63k 64.:4-; South Wes-
tern, 61 62i ; North Midland, 59 60 ; New Shares,
29 30 ; South Eastern and Dover, 224 WI • Northern
and Eastern, 40 41 ; Blackwell, 9 9i ; Brighton, 8i 9k
per share.
A fair amount of business was transacted in the Fo-
reign Exchanges, without any particular notice.
The quotations of the Bonds, were—Colombian,
Dzi 21 ; Peruvian, 15 16 ; Portuguese Five per Cents.,
334 34; the Three per Cents., 194- 201; Spanish Five per
Cents., 20-i 201 ; and the Three per Cents., 194 193.
The Report upon the Exchequer Bill affair, in connec-
tion with dealings in those documents, will. be read with
particular interest ; especially pages 374 and 375 ; the
late hour at which it was delivered, precludes any par-
ticular comment beyond that which apperirs in another
column. _ _

(From The Sun of Last Night.)
The purchases in the Funds have not been so exten-
sive to-day as they were y.esterday afternoon, neverthe-
less a fair amount of business has been done, and Con-
sols have advanced to 91i 92 for Money, and 92 for the
Account. Three per Cents. Reduced 914; Three-and-a -
Half per Cents. Reduced, 1011 ; New Three-and-a.-
Half per Cents. loci; Bank Stock, 170 171 ; India Stock
249 250 ; Exchequer Bills, Old, 53 ; Nevr, 49 51 prem.
In Foreign securities Dutch ,Two and-a-] alf per Cents.
are 51/ 52 ;. the Five per Cents., 1014 102 ; Belgian,
1014 1021 ; and Danish 83.
It will be observed that the impression which a late
Act of Parliament had created in regard to deduction
of the Income-tax from dividends on Foreign Stocks,
when on foreign account, is incorrect. The report had
caused much dissatisfaction, but the answer of the Chan-
cellor of the Exchequer last night will be sufficient to
remove such feeling.
The quotation for Mexican is 358.
The Shares which have changed hands to• day have
been but few; the market, however, is very firm, without
alteration in prices.
The Bonds which are quoted are only Spanish, the
Five per Cents. at 20k, the Three per Cents. 19k.
A private letter arrived yesterday from the Cape of
Good Hope, written by an observant and highly
respectable party. gives a good account of the present
condition of the colony. The increased attention which
had been directed towards the production of wool, and
to the fisheries, had been productive of much general
benefit, and to a great extent counteracted the depres-
sion consequent upon the failure of the wine trade. Here
however it would appear that the great drawback to
further improvement, which is operating in like manner
in other countries similarly situated, is the want of
labour. Every inducement is offered for immigration,
and it would seem, from statistical accounts, that it is
not without foundation. Such Europeans as have engaged
in farming operations, particularly in the new settlements,
are stated to be doing well, and the immense increase
not only in the quantity, but the improvement in qua-
lity of what have now become the staple, articles, lead to
the conclusion that the statements of the rapid advance
which this place is making have not been exaggerated.
MANCHESTER STOCK EXCHANGE, AUG. 8.---NO
ma-
terial, change has taken place in Shares since our last
report. The 'sales are—Dublin" and Drogheda, 17
Eastern Countiesf New, 81. 7s. 11d. ; Manehester and
Leeds, 77i; Manchester and
.Salford Banks, 104, ei div.

_
CORING PRICES. ,
BRITISH FUNDS
Bank Stock .1706 India Stock
S per Cent. Red. ....,... 921 Ditto Bonds ....... 33 pm
3 per Ceut. Cons.— 916 , Ditto Old Annuities ...
3i per Cent. Red... 1011 \ Ditto New Annuities...
New 36 per. Cent... lOOl iEx. Bills, 1,0001....2d. 49 pm
NP VP 5 per Cm= — Ditto 500/. 51 pm
Long Annuities to expire Ditto Small ...... 51 pm
Jan. 1860 ...... 12 9-16113ank Stock for Acct....
Oct. 1859
Jan. 1860 l2 5-16!Consols for Acct....... 91*

The Duke of Wellington is expected on Friday at
Weimer Castle.

The Earl ut Wilton has returned to Grosvenor-square
from his cruise off the French coast.

ZdZISCELLANEOUS.
A public meeting was held at the Assembly Rooms,
Theobald's -road, on Monday evening, to denounce the
system of employing spies, and to petition Parliament
concerning the late convictions in Armagh. Among the
resolutions carried was one that "the meeting felt it their
duty to regard the solemn warnings of history to any
system under which spies are cherished, as base, un-
manly, and tyrannical."

Ot-the three. Chartist petitions which have been pre-
sented to the House of Commons, and successively re-
jected, the first was signed by a million and a quarter,
the second by two millions and a half, and the third by
three millions and a half.

The Wesleyan Missionary Society's sale at the
Centenary Hall, Bishopsgate-street, concluded yesterday.
The most curious portion of the sale has been the chased
rings and necklaces from Coomassie, the capital of
A sh antec.

The freeholders and copyholders of the parishes of
Leyionstone and Woodford, have addressed a communi-
catio-.1 to the Verdurers and Lieutenant of Epping,
fliinanit, and Waltham Forests, complaining of various
encroachments upon their ancient rights, as well as the
rights of the Crown, for several years past, and request-
ing them, as the protectors of those privileges, to attend
to the settlement of this subject.