The Sun.
London, England, 1842-10-24 00:00:00

„,„
THE NEW TARIFF AND Plitn`J-a

MARKET.
The working of the new tariff upon. he
produce is closely watched in the City, ancl the opinion.
being that many of the " gentlemen" fa rmers—and
the term will be readily understood by practical men
—will sell their lands, and invest the proceeds in the
public securities, there is but little doubt attertained,
but that the advance that has taken place of one-half
per cent. this week will be steadily. followed by a
further enhancement of prices. It is now clearly
established—and we take the general average of
quo
tations that have ruled for Stock at the
autumnal provincial fairs, now all but brought to a
conclusion—that cattle and sheep, as well as pilge,
have been sold at a depression, as compared with last
year, of from 10 to 15, and in some instances 20 pe r
cent. This is a change that must work rapidly
upon that large class of persons called amateur
agriculturists, who, having other resources to sustain
principal
tier position, whether as a *andholder or an annui-
tant, are able to farm at a loss for pleasure, while the
ractical and working land occupier can scarcely mak'
both ends meet. In this way, therefore, it is the °7p ]l
nion of very many, that the new tariff will work we ,
for the poor farmers. Of course, it must be expectell
that the value of the land will go down, but this win
but render the transition from a sliding-scale t?
fixed duty more easy—a sort of stepping-stone to taee
depreciation which must occur when foreigners ert
certain that their grain will be admitted at an inVst
that neither varies in times of abundant or of defiele,lie
crops in this country. These considerations incl'n
to the belief that the National Securities will be en-
hanced before long to as high a price as they have eti
tained for the last quarter of a century, namely,
far short of 96 for the Three per Cent. Cons°.
Should this be the case, the policy of The Govern'ment would unquestionably be to set about re:
ducing the interest of the Three-and-a-Half Per
Cent. Old, New, and Reduced Stock, into Three
per Cent . Consols ; a plan of easy ace°ll/;
plishment, when 'the great abundance of capital is
considered. In fact, the belief is in many quarter
that the Directors of the Bank of England' arei°l)::;
rating for the attainment of this object, bypur"as-
of Stock and Exchequer bills, through their brokers,
and thus adding to the circulation of notes ; C!r,ti
cumstance hardly deemed advisable, unless a sPec.l ;a
object in view is sought to be accomplished, at a Peer,
when it is unfortunately too much a matter of .e
tainty that capital is not in demand for exteoslvs,
commercial operations. If with all the steam Preue
sure of the Income-tax, the Premier finds the thereve
not up to his mark, the principle of reduction in
Irsi
expenditure of the country, and especially, the alf be
interest upon the debt, must, however dislike of
adopted. If our recollection be correct, the holl'riis-
the New Three-and-a-Half per Cents. have 3 ''); re'
mentary pledge that their interest should not ',",tick
duced, but we fear that Sir Robert Peel will n°"'o,s.-
at trifles, and we therefore anticipate with much lei the
dente that the' Spring of next year may See sap per
Three-and-a-Half per Cents. converted into Thr---Jor
Cent. Consols, and Three per Cent. Reduced', clis-
will it be any advantage for the fundhoidersiv°ol
sent to the conversion, if money continues $.O 13'7 on
as at present, as out of doors scarcely 2i per eell
be obtained for it, when first class security i',ients
Besides, there are, no doubt, many of the disseil"por
to the conversion of the Navy Fives, and the oey
per Cents., living, who have not forgot the loss, fiti,
made by taking their cash at the Bank of tlifteic
instead of the New Stocks. The amount of Pwa
registered in the Bank, comprising the oldThrge;aiicei
a-Half per Cents., is 10,725,2321.; of the lieaifl.the
Three-and-a-Half per Cents., 66,273,320/. ; and °
,New Three-and-a-Half per Cents., 146,229,682'
Sunday Paper.

IMPORTATION OF FOREIGN CATTLE.---Mr. haed
liamson, cattle dealer, from Aberdeenshire,
for sale at the Leeds Fortnight fair, held on We
day last, 21 head of foreign cattle, being Pattf°lol.
cargo 0f72 imported last week into Hull, from•
stein. The cattle shown being of superior
siderable interest was excited among the butell4,
farmers, and other parties attending the market. -,.011,
whole of the beasts appeared in excellent eeiglitiio.-
and eleven of them, which remained unsold, beingd to
tended for the London market, were acknovviedge4;et.
be superior to any ever shown in the Leeds nin„ere
Fifteen of them averaging 54 to 56 stones eeeb, were
sold on an average at 161. 10s. each. The imperts„;her
Hull this week have comprised an increasing' turn
of very fine cattle. The following is the return o,
quality, cool%
the week :-109 oxen, all from Hamburg, 17 e°
and 4 swine.—Leeds Mercury.
THE CHESHIRE FARMERS AND THE 1101-4,4 ii. tea
few months ago the Cheshire farmers congra,"A
in
themselves much on the fact, that Sir Robert retatea
his sweeping alteration of the tariff, had which
meddle with the cheese monopoly, for whinvf..ll in'
countable exemption they conceived themsel pre-
debted to the warm remonstrances made t° th Alas,
mier, in their behalf, by the county
Under the
for the instability of agricultural rosperhi e find-
protective system ! they are nowP begnining t°
per cwt.,
that neither a protecting duty of 103.6 d•
nor the warmest remonstrances, can event the price
of cheese from falling, if the great mass of the,.,,n9
bouring classes are so impoverished, by restrin'',l"flif
on trade, that they cannot procure a sufficient s.urrthe
of food. Though no alteration has been wade In rice
duties on butter and cheese, the reduction in the Pon.
of both those articles of general consumption iS •tbin
111einfb,ers. d
siderable, which will not only bring them more vo the
the reach of the poorer classes, but will teAch
farmers not to rely upon legislative protection" of
have heard of one farmer, in the neighbourho., eof
Crewe, who, in consequence of the fall in the Prie'tiele
cheese, has given up the manufacture of that ar the
altogether ; and, having made a contract mili,, for
Railway 6 Company, now actually sends his three
sale every day to Liverpool, a distance of forty-ile,
wij
miles. We have not heard how his project liesii 00
ceeded; but if it prove a profitable one, he „'eclo
doubt, soon have many competitors, unless "
speedily revive.—Manchester Guardian.
An inquest was held in the Penitentiary, 31-,"aps-
on Saturday, before Mr. Higgs, on the body 64 Of F 4
beth Martin, aged 80, who died in the iiifirina'l 013
that prison on Friday. It appeared that the dece''„ecl
was convicted at the Old Bailey in April, 184,sid-I ;
was sentenced to seven years' transportation, which
was, however, commuted in consequence of her
she was an old offender and told Mr. Nihil, the cola
lain, only a few days before her death, that slluriog
recollected having been at liberty two years d tl3O
soatoe,
e
the whole period of her life. The surgeon state t
she had been an inmate of the infirmary rardict
and died from a general decay of nature.
accordingly. ~.icellfTHE NEW NOVEL, 64 SELF-DEVOTION.
requested to state that the new novel, entitled
doiph,
Devotion; or, The History of Katharine Ran. ed
by
by the Author of " The Only Daughter," edit ~,i5
the Author of " The Subaltern," is publish.edartePat
day, in 3 vols. post Bvo., by Mr. Colburn, °I all the
Marlborough-street, and may now be had at, d the
Libraries. Mr. Colburn has also just publisdeve.
following popular novels :—l. The Nabob at vine;
The Return to England, by the Author of
India," 3 vols.-2. Percival Keene, by Captain °,f
3 vols.-3. The Czarina ; an Historical Rc'ra,„"le,---4'
the Court of Russia, by Mrs. Hofland,. 'lv the
Masaniello ;an Historical Romance, edted The
Author of " Brambletye House," 3 v°lThe
Manceuvring Mother, by the Author of vfe, Ori
tory of a Flirt," 3 vols.-6. The Lotterighe Sehcfs'
the Countess of Blessington, 3 vols.
for Ol
for Wives, by the Authoress of "