The Sun.
London, England, 1842-05-26 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Bank of England have intimated their intention of con-
tinuing the present rase of interest, although rumours were cur-
rent that it was intended to reduce it to 31/ per cent. These,
however, obtained but little credence, it being generally consi-
dered that the value of money was already sufficiently low, and
that if it were depreciated still wore, a formidable rivalry would
be set up by the Joint-stock Banks. A discussion on the sub-
ject took place in the Bank parlour, and it is understood that a
division occurred, the result of which was the issue of the fol-
lowing notice:-
"BANK OF ENGLAND.
"Mar 26, 1842._" The Governor and Company of the
Bank of England are ready, until further notice, to receive
applications for loans upon the deposit of approved Bills of Ex-
change not having more than six months to run, Exchequer
Bills, and India Bonds, such loans to he repaid on or before the
15th of July next, with interest, at the rate of Four per Cent.
per annum, and to be for sums of not less than 2,0001. each."
The principal occupation in the English Market is the ar-
rangement of the account, which has been easily effected,
speculative business having been very small daring the last six
weeks ; the value of money has been four to five per cent. from
day to day, and the rate of continuation nominally five-eighths,
but currently ,done at nine-sixteenths per cent. Price•, and
Consols for Money, 92* 928 ; for the opening 15th July, 93i
9314; Three per Cents. Reduced, 914 913; Three-and-a-Half
per Cents., 994 ; Three-and-a-Half per Cents. Reduced, 100* ;
New Three-and-a-Half per Cents., 101 A ; Bank Stock, 1674
168 ; India Stock, 250* ; India Bonds, 19 21 ; Exchequer
Bills, Old, 37 39, Advertised, 33 35 premium.
The prices of Foreign Securities are firm, although but little
doing. Business has been confined to Dutch Two-and-a-Half
per Cents. at 524.
Very little has been done in Shares. Edinburgh and
Glasgow, 534 53k, New, 41; North Midland Thirds,
20/. 13s. 4d. ; Midland Counties, Quarters, 17 ; Cheltenham
and Great Western, 22 ; South Western, 634 ; Eastern
Counties, 9;4, New, 4/. 9s. 2d. ; Blackwell, 104; and
Brighton, 36.
The quotations of the Bonds are-Portuguese Five per
Cents., 38; the Two-and-a-Half per Cents., 224 ; Spanish
Five per Cents , 23 ; the Threeper Cents., 224.
Late accounts from Buenos Ayres tarnish some particulars
regarding the trade with the Havannah in salted beef, which
are the more interesting at this time, when the necessity of
obliging our own vessels to resort to foreign ports for their sup-
plies is partially removed. At the Havannah several cargoes
were remaining unsold, and the quantity sent there in 1841 had
been 444,055 quintals, each 100Ibs. British; and the stock on
shipboard was estimated at 66,000 quintals. It has beers calcu-
lated that this beef could be laid down here at the cost of about
twopence per lb. ; and that, although some portion of it is
lean, and of an inferior quality to what we have been accus-
tomed to use, yet, the bulk is sufficiently good for general
consumption.
Letters from Rio two days, and from the Mauritius, one day
later than those previously received, have arrived, but contain
no further information.
PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. Paid. Per Share.
Cheltenhan and Great Western. 724 224..... to -
Eastern Counties
Ditto New ...........21. 6s. Bd.
Edinburgh and Glasgow 5O 5314 ... to -
Ditto New 3 -
London am Brighton
London and Blackwell -
London and South Western 384 634 to --
Midland C Junties 100
Ditto 4 Shares -
North Midland lOO -
Ditto Third. 2ll. 13s. 4d. 20/ 13s. 4d.
JOINT STOCK BANKS.
Colonial ... ~-"
LIVERPOOL COTTON MARKET, MAY 25.-:tales to a good
extent were effected, and the Market had a steady tone, the
last quotations being easily realized for 6,000 bales.
LIVERPOOL SHARE MARKET, MAY 25.-The demand for
South Eastern and Eastern Counties somewhat improved, but
for other Shares there was little inquiry, and the sales were
confined' to -Eastern Counties, New, 4/. I Is. 841.' Deben-
tures, 101. I Is. Bd. ; Edinburgh and Glasgow, New, 14 ;
Glasgow, Paisley, and Greenock, New, si; Grand Junction,
185 ; Great Western, Halves, 634 ; London and Birmingham,
180 ; Brighton, 36 ; Manchester and Leeds, Quarters, 54 ;
South Eastern, New, 28.
MANCHESTER STOCK EXCHANGE, MAY 25.-We have had
more stock offering to-day, and the market generally flat :-
Manchester and Birmingham, 274 2734 ; Eastern Counties,
; Do. New, 4/. 101. Bd.

LLOYD'S SHIPPING-(THIS DAY.)
LONDON, MAY 26. Wind this day at Noon, S. to S.W.
DEAL, MAY 25.—Wind S. W., moderate.—Arrd. Margaret
Conell, Smith, Mauritius ; James APColl, St. Kitt's. Sld.
Margaretha, Batavia • Arabella, Mauritius ; Highbury and
Richard Brown, St. Vincent ; Broad Axe, Newfoundland.
PORTSMOUTH, MAY 25.—Wind S.S.W.—SId. her Ma.
jesty's ship Spider, Plymouth.
COWES, MAY 25.—Arrd. Caledonia, Lund, Bahia.
DARTMOUTH, MAY 25.—Arrd. Sophia, Tope, Oratuexe
(Teneriffe).
BRISTOL, MAY 24.—Arrd. Adelaide, Dowell, Tobago. Sld.
Pomona, Trinidad.
CARDIFF, MAY 20.—Arrd. Margeretha, Amsterdam.
OFF PENZANCE, MAY 24.—Canish, Diamond, Mediterra-
nean.
OFF DOVER, MAY 25. —Ship, Amsterdam, No. 508 ; Susan,
Allen, Rio ; Fama Cubana, Havannah for Hamburgh.
LIVERPOOL, MAY 25.—Wind S.W., moderate.—Arrd.
Dorothea, Barbar, Valparaiso; Harris and Castilian Maid,
Scott, Gracioza, with cotton, from the :Mary-le-Hatton. Sid.
Franciosa, Boston ; Hindley, Mauritius ; Amens, Trinidad ;
Harkaway, Vera Cruz.
CLYDE, MAY 24.—Sld. Lord Sidmouth, St. John's, New
Brunswick ; Congress, Mobile.
CORE, MAY 25.—Sid. Normandie, New York.
SCILLY, MAY 24.—A pipe of white brandy, marked 009
has been picked up near t.ere.
FALMOUTH, MAY 24. Wind S. S.W. to W., moderate.—
Sld. Brazilia, Quebec. Arrd. off, Achilles, Mauritius ; Volgo,
Africa, for Amsterdam.
HULL, MAY 25.—Sld. Suffolk, Quebec. A vessel of about
150 to 200 tons, bottom up, was passed 15th inst., about 15
miles W. S.W. of Saints, by the Ibis, arrived here.

THE MARKETS.-(THIS DAY.)
WHITECHAPEL.

There was a middling supply of Hay and Clover, 'with a
moderate demand for all descriptions, and prices without alte-
ration. Of straw the supply was plentiful, with a good trade
at the present quotations. Closer, 2/. 103. to 5/. 3s. ; Hay,
2/. to 41. ; Straw, 11. 10s. to 1/. 14s.
COLONIAL MARKET.

There were several public sales of produce, at which a fair
demand existed, and most of the goons offered found buyers at
full rates ; the home trade, however, were the chief operators.
Raw Sugar sold steadily. Brown West India at 595. to 61s. ;
Yellow, 61s. 6d. to 70s. per cwt. Refined Sugar was firm ;
Standard Lumps B'?.s. per cwt. Coffee dull of sale, and prices
declining. Cocoa was cheaper.
TEA MARKET.

There were few buyers of any kind of Tea, and the market
wore a dull aspect. Prices were nominal. Company's Congou
Is. 9d. cash.
TALLOW NI A Rl{ ET.

There was little business transactedin Russian Tallow ; but
holders were firm, and would not sell ur.der 48s. on the spot,
and 495. for deli very.

EPSOM RACES.

(THIS DAY-BY EXPRESS.)

Sweepstakes of 10 sovs. each, h ft, &c. Mile and

a quarter. (14 Subs.)
Mr, Herbert's Teetotaller, 3 yr 5..... (Simpson) 1
Mr. Goodman's Miss Fidget, 4 yrs 2
Revision, 3 yrs—Master Aaron, 4 yrs—Ajax, 4
yrs—Haitoe, 3 yrs—Folly, 5 yrs—Tommy, 3 yrs—
Vibration, 3 yrs—Rochester, 3 yrs, and Dahlia, 5
yrs, also ran. Won by a head.

THE MEDITERRANEAN FLEET.-
ADMIRAL SIR EDWARD OWEN'S ORDER OF THE DAY ON
ASSUMING THE COMMAND OFTHE MEDITERRANEAN FLEET.

" In taking upon myself the command of the Mediterranean
fleet, and the direction of the various duties on that station, I
feel highly gratified by the good will which I have found pre-
vailing in the several ships comprising it, and I beg to offer my
sincere acknowledgments to Sir F. M. Ommanneyi my imme-
diate predecessor, of whose valuable services I shall have the
honour and the gratification to avail myself as second in com.
mend. To Rear-Admiral Sir J Louis, Bart., superintendent
of the dock-yard ; to the several captains, commanders, and
commanding officers ; to the lieutenants, to the officers of the
Royal Marines; to the warrant and petty officers; to the sea-
men of every description, as well as the non-commissioned
officers and privates of the Royal Marines, I am most hoppy in
expressing my satisfaction with the good order, the regular,
and the right good feeling so generally established. I trust that
all will in their respective stations stilt uphold the credit of the
naval service in which they hold so prominent and so
honourable a position. It must be borne in mind,
however, that this tine fleet, perfect as it has been
made in all its equipments and appointments, has
higher duties to perform than those of mere parade, or the
indulgence of the individuals serving, in those gi atifica-
lions which will draw one moment from the great object, or
from the details of the several duties resting upon each. The
fleet must, on the contrary, be at all times perfect in its
order, its discipline, and its exercises, in momentary readiness
to meet whatever contingencies can possibly arise. With this
view the indiscriminate indulgence of the shore must be re-
strained, and the example of self-denial, on the part of the
officers, will furnish a most useful example to those around
them. •It is, in the moderate expectation of the superiors, on
their knowledge of those placed under them, in their marked
notice and encouragement of the good men, and in the timely
restraint of the idle, that the best foundation fur good discipline
will be laid, leading, as it should do, to that unmeasured devo-
tion for the service of our most gracious Queen and our beloved
country, which their honour and their interests demand and call
for at our hands.

"I urge, therefore, on each individual in his station, what-
ever it may be, to contribute, as all may do, in their conduct
and example, to that harmony of discipline, which rest on the
willing submission and respect of all to their super iurs, of the
kindness, the condescension and the friendly interest of the
super;ors in the welfare of their subord,nates as well as in the
consolation and the general good will of all."

The Commissioners of Woods and Forests have
sent in about 50 workmen to rebuild that portion of the stable-
yard adjoining the mansion of Colonel Peel, opposite the guand
entrance of the Duke of Sutherland's mansion.

WEATHER AND CROPS IN SCOTLANDI—The preva-
lent wind for several weeks has been the east and north-east.
We have observed that, of late years, the easterly has been the
prevalent wind from about the middle of April till towards the
end of June; and this circumstance, especially to invalids. has
been no slight drawback on the out. of-door enjoyments of the
season. For some days the Caithness and Sutherland moun-
tains have been hid from us by a haze, or but dimly discovered
through a long and sweeping veil of mist. During the day, a
bank of fog lies along the verge of the German sea, which, to-
wards nightfall, sends long strips and filmy trains of dusky
vapour trailing along our hills and diraths ; and not seldom does
this chilling and cheerless visitation overspread the whole coun-
try, giving the vapours to the people who had, but five minutes
before, been basking and rejoicing in the sunshine. Notwith-
standing the bleak east wind, however, vegetation is making
visible and rapid progress. The potatoes are beginning to peep
out from among the clods; and the process of capping to facili-
tate their egress is going on vigcrously. The braird is rising
steadily
andhe
is now
4itlifuilYlT the clover looks fresh and promising,
and the farmer beginning to prepare his land for turnip
seed. More rain is desirable, On the
uplands the sur-
face soil is asdry as dust. Iho frillt trees, unless their blossoms
be blighted or shaken off by the wind, promise a crop unusually
abundant. The price of cattle continues. low, but butcher's meat
is not cheap in proportu . The tariff panic seems to have
subsided in this district, as elsewhere. Roup are rife.— Wick
Paper.