The Sun.
London, England, 1842-04-04 00:00:00

MISCELLANEOUS.

Derby was inundated by a flood on Friday morning,
and a newly-married woman drowned in her bed on the
ground-floor. The market was swept away, and other
extensive damage done.
The most sudden awful loss of human life on record,
took place in the year 1466, when the sea broke in on
Dort, in Holland, and drowned 100,000 persons,

The Hon. Mrs. Stopford, wife of Archdeacon Stopford,
and niece to the Earl of Mayo, died oo Sunday week
Courtown Castle, in her 39th year.

MONEY and COMMERCIAL NE WS
CITY, SATURDAY EVENING.

This has been, as is usual, a comparatively blank
day for business in the English functs, and exclusive
of a purchase of Consols at poi for the next account,
scarcely a bargain has been made. The market left
off firm at 90 90* for Money, and 90* 901 for the
April' Account. Exchequer Bills rose to 33 35
premium. _ _ _

In the Foreign Market, the speculators in the New
Spanish Three per Cent. Stock, being anxious to
secure the profit of the two last days, have refused to
carry the quotations any higher, in consequence of
the manifest indisposition on the part of disinter-
ested persons to join in introducing this description of
security. Prices have accordingly declined, and the
last quotation was 231 23i, and 24-8- 244, for the old
Bonds. The quoted prices of other Foreign Stocks were
Belgium, 103 104 ; Brazilian, 66 68, ex dividend ;
Danish, 80f 81f ditto ; the Dutch Four per Cents.,
100 100 f ditto ; the Two and a Half per Cents., 52
524; Portuguese Four per Cents., 354 364 ; the
Three per Cents., 201 211 ; Columbian, 27 27+ ;
Mexican, with all the coupons, 44 404, ex dividend ;
ditto, without any over due coupons, 38 to 381.
In the Share Market prices were well maintained,
although the extent of purchases was comparatively
trifling. The principal improvement was in Brightons
and Blackwalls, the latter of which advanced 11. per
share, and left off the old at 111 12, and the new,
10 10k per share, ex dividend. Brightons were 361
361; Birmingham and Gloucester, 56 58 ; South
Western, 594 60k; Gosport, 59} 601; North Midland,
69 70; and the New Shares, 344 351 per share;
London and Birmingham, 84 86; Great Western,
.27i, 28i, the half shares 141 144 premium,. South
Eastern and Dover, 23, 221 ; and Eastern Counties,
14, 131, ex dividend discount.
The alteration proposed to be made on the duties
at present payable upon foreign manufactured arti-
cles continues to excite considerable opposition. X
memorial from an individual connected with the
glove trade, with regard to the contemplated reduc-
tion in the rates on French and other des ;riptions,
is deserving of notice from the facts embodied therein,
'alike interesting to this and to other trades. After
some preliminary observations it is stated—
" Your memorialist wishes to direct attention to
this very important fact—namely, that even with the
present duty the English manufacturer, in the better
description of gloves, cannot compete successfully
with the French. For many years the make of these
qualities in England has been gradually declining,
and the import of the French has been proportionably
on the advance."

From 1837 to 1841, both inclusive, 6,345,365 pairs
of foreign gloves were imported into the kingdom, of
which 6,241,617 pairs were retained for home use, or
an average of one million and a quarter pairs annually.
" The cost of labour in the production of the make
of gloves, which would be mainly effected by any
reduction of the present duties, in proportion to the
cost of the raw material, exceeds 200 per cent. With
the present duty the English manufacturer is enabled
to compete with the French in the middling and in-
ferior qualities ; but should these duties be reduced
one-half, competition would be hopeless, and a ma-
nufacture so productive of labour be destroyed.
The labour afforded by the glove trade is entirely
manual ; no machinery superseding, as in many other
manufactures, human labour, and a very great pro-
portion of 'the persons employed are women and
children, who work, not in crowded factories, but in
their own cottages, and whose earnings contribute
greatly to the advantage of the agricultural popula-
tion, lightening the poor's rate, and adding greatly to
the comfort of many families, where the husband is
employed in agriculture, and the females in sewing
gloves.'
In a similar situation the boot makers, straw-plait
manufacturers, and many others of a like description
will most probably be placed. Alluding to the above
memorial, one of the oldest and most experienced skin
brokers observes :

" We are of opinion that no reduction in the retail
price of gloves would follow the reduction of duties,
and submit that an injury would be inflicted on our
Import trade as a great portion of the Mediterranean
lamb skins, hitherto consigned to England, would go
direct to the French manufacturers.

And it is worthy of observation, that no opportunity
exists of reducing the duties payable upon raw ma-
terials so as to lesson the cost of production here ;
thus the whole loss occasioned by the decline in
prices, in consequence of foreign competition, will
have to be borne principally by the wages of the
artizan.

(From The Sun of Saturday.)
Scarcely a bargain has been made in Consols to-day,
the prices of which are quoted 90 to 90* for Money, and
90* to sot for the Account. A purchase to some ex-
tent has been effected for the May account, at ;
Nesy Three-and-a-Half per Cents., 991 99i ; India
Bonds, 10 to 12 ; and Exchequer Bills, 33 to 35 prem.
The new Spanish Throe per Cents. have again en-
grossed the principal attention of speculators, who find-
ing the public cannot be induced to lend themselves to
their introduction, are beginning to discover that the
Coupons are not quite so valuable documents as it was
attempted to prove them to be. If they be left quietly
alone they will speedily find their proper level, and be-
come like the Bonds from which they have been detached—
a dead letter: the present quotation is 234 *, haying fallen
from 241, the last price of yesterday, or decline of 14
per cent. from the highest price. The Old Bonds are
nominally 24i. Some little business has been done in
Mexican, but in consequence of some difficulty in
ar-
ranging the Coupons, many dealers have closed their
accounts, and the most correct quotation for the Bonds
is 33 to 38k ex all the overdue Coupons ; Columbian,

• 264 to 27 ; Peruvian, ; and Portuguese, for the Ac-
count, 361. -
The increase in the earnings of the Brighton Railway
has caused an improvement in the Shares, which have
been done at 364 4. The other lines have been sold-
South Western, NI; Midland Counties, 794; Northern
and Eastern, 354 ; South Eastern and Dover, 25 4.
The quarterly average of the weekly liabilities and
assets of the Bank of England, for the period ending the
29th ult., gives the following results, .by a comparison
with the previous returns :-The circulation has in-
creased 183,000/, the difference between 16,952,0001.
and 16,769,000/. The deposits have decreased 297,0001.,
the difference between 8,657,000/. and 8,954,0001. The
securities have decreased 513,000/., the- difference be-
tween 22,586,0001. and 23,099,000/. The bullion his in-
creased 438,000/, the difference between 6,125,000/ and
5,687,0001. The balance in favour of the Bank is also
greater by 39,000/., the difference between 3,102,0001.
and 3,063,000 L These returns are generally reviewed
as satisfactory. Although the increase in the circulation
be so small this month, yet it has been gradually en-
larged during the whole of the present year, and
is now but 20,0001 below December, 1841. This may
be accounted for by the public availing themselves
of the opportunity of borrowing more freely when the
reduction of interest on loans was made. The quantity
of bullion is also favourable, and would lead to the ex-
pectation that the present rate of discount will not be
continued by the Bank. It was anticipated that
it would have been lowered at the meeting on
Thursday, but the object of not doing so may
have been not to depreciate the nominal value
of money still further. It appears singular that the
Bank of England still adheres to the charge of five per
cent. for discounting bills, when it will lend money at
four per cent upon the same description of securites.
By the Sheffield packet ship intelligence has been re-
ceived from New York to the 15th ult. inclusive, and
which will be found in another column.
LIVERPOOL COTTON MARKET, APRIL 1.-There comes
no relief to our market time, and each succeeding week
is steadily (although almost imperceptibly, as froin day
to day) bringing about a still further reduction in our
quotations. This applies to the various qualities of
Americans under 'fair," of which the great bulk of our
stock consists ; as well as to long stapled descriptions in
general, including Sea Islands. To-day there was a public
sale of the last kind, when it was shown to what a
limited extent the demand for that description is cir-
cumscribed-only a comparatively small part of what
was offered was sold, and that at a reduction in the pre-
vious rates of nearly id. per lb., nor could the buyers
have been induced to take a much greater quantity, even
should the prices have been reduced another halfpenny.
In fact they will of be forced beyond the supply
of their present wants. The sales of the week
amount to 18,940 bales, of which 1,200 Ame-
rican have been taken on speculatin, and 600
with 250 Surat, and 200 Madras for exportation. They
comprised 3,390 Upland, at 44d. to 64d. ; 6,690 Orleans,
44d. to 7d. ; 3,560 Alabama, 41d. to 51d. ; 50 Sea
Island, 101 cl. to 18d. ; 10 stained ditto, 10d. ; 170 Per-
nams, 64d. to 71d. ; 590 Maraham, sd. to 61d. ; 580
Bahia, 6d. to 64d ; 660 Egyptian, 7d. to 9d. ; 2,680
Surat, 3d. to qd. ; 10 Laguayra, 6d. ; 60 Peruvian,
54d. to 64d. ; and 490 Sea Island at public sale, out of
the 1,296 put up.
LIVERPOOL. SHARE MARKET, APRIL 1.-There was a
bare inquiry for all descriptions, and the market was
heavy throughout the day. The sales were-Eastern
Counties, New, 2 prem. ; Edinburgh and Glasgow, 45i ;
Grand Junction, 180 ; Ditto, New, Quarters, 24 ;
Great Western, Halves, 64 ; London and Birmingham,
paid up 321 Shares, 584 ; Mancheiter and Leeds,
Quarters, 4/. 6s. 6d.; North Union, 221. 10s. 10d.
MANCHESTER STOCK EXCHANGE, APRIL 1.-There
is a very general inquiry for Stock, and it may be pre-
sumed that the difficulty of employing money, and the
low rate of interest will have a beneficial influence.
Manchester and Birmingham, 27+ and 271; Leeds Quar-
ters, 41 and 41 ; Alliance Bank, 214 ; Edinburgh and
Glasgow, 451 to 461.
CLOSING PRICES
BRITISH FUNDS.
!India Stock, -
Ditto Bonds lO pm

Bank Stock
3 per Cent Red.

c Per Cent Cons 9OA
3i per Cent Red '—
New 3i per Cent . 99i
New 5 per Cent.. '
Long Annuities Loexpire
Jan. 1860 ....
Oct 1859.

Ditto Old Annuities —
Ditto New Annuities
Ex. Bills, 1,000/....21d 35 pro
Ditto 5001.... 35 pia
Ditto Small. 35 pm
Bank Stock for Open 16911
India Stock for Acct

Jan. 1860. j Consols for Acct 9oi
FOREIGN FUNDS.
Austrian, 5 par cent.... Portuguese, 5 per cent.
Belgian, spm cent — Ditto, New Ditto 36
Brazilian 80nd5.......... Prussian, 5 per cent.
Buenos Ayres 6 per cella Russian, 5 per cent
Chilian, 6 per cent... Ditto, Metallic ...... .
Colombian, 6 per cent.. Spanish, 5 per cent., 241
Ditto, 1824.......... ..... 261 Ditto, Deferred.... „
Danish, 3 per cent — French, 5 per cent. —l. —e.
Greek, 1825, 5 per cent — Exchange f ---c.
Mexican, 5 per cent.... 40i French, 3 per cent —•. —c
Ditto, 6 per cent. 1837 Dutch, 21 per cent. , .
Peruvian,lB2s, 6 per ct. Ditto, 5 per cent. ... .
SHARES.

Edinburgh and Glasgow (50 paid) . . .... ... 47
Great Western Railway (65 paid), 92i
Ditto New Shares (50 paid)
London Grand Junction Railway
Ditto Quarter Shares (60 paid) 9li
London and Brighton (50 paid) 36a
Ditto Loan Notes ( 5 paid)
London and Blackwall Railway (25 paid) l2
London and Birmingham (90)
London and South Western
Manchester and Leeds (70 paid) ...... ...
Ditto Quartet; shares ( 2 paid) 44
Manchester and Birmingham (40 paid) ..... 26i
Midland Counties Railway (100 paid)
Northern and Ba.stern (40 paid)
South Eastern and Dover (48 paid) . 2.5 i
York and North Midland (50 paid) ... . . .... 95j
COURT CIRCULAR.

WINDSOR SlTNDAY.—Yesterday morning the Queen
and Prince Albert took their usual early walk in the
pleasure grounds of the Home Park, and in the after-
noon rode on horseback through theLongWalk to the Great
Park, attended by the Hon. Mrs. Anson, General Wemy ss,
Colonel Bouverie, and Sir George Quentin; the Dowager
Lady Lyttelton, Lady Caroline Cocks, and the Hon. Miss
Cavendish occupying a pony phaeton.
Prince Edward of Saxe Weimar, the Earl and Countess
Delawarr, the Ladies Elizabeth and Mary West, Vis-
count Cantilupe, Hon. Miss Devereux, and Hon. Miss
Stanley took leave in the course of the morning.
Sir George Couper, Bart., arrived at the Castle.
The Prince of Wales, and the Princess Royal, were
both taken an airing.
Colonel and the Hon. Mrs. Arbuthnot, hz,d the honour
of joining the Royal dinner circle in the evening.
This morning her Majesty and Prince Albert and the
Royal Suite attended Divine Service at St. George's
Chapel Royal. The Rev, C. -W. Knyvett chanted the
first of the Service, the Rev. W. Canning, and the Rev.
Mr. Moore officiated at the Altar. The Rev. W. Can-
ning preached an eloquent sermon from the 12th verse
of the 15th chapter of St. Paul, first Epistle to the Corin-
thians—" Now, if Christ be preached that he rose from
the Dead, how say some among you that there is no Re-
surrection of the Dead."

The musical part of the Service was Boyce's Te
.Deum and Jubilate in C. Spencer's arrangements from
Ismelli, Kyrie, Elieson, and Sanctus, King's Creed in F.
The Anthem, " Mason's Collect," very nicely sung by
Masters FoSter and Winterbottom, two of the choristers.
The Royal Suite included the Dowager Lady Lyt-
tleton' Lady Caroline Cocks, Hon. Miss Cavendish,
Hon. Mrs. Anson, Earl of Liverpool, Earl of War-
wick, Hon. C. Murray, Admiral Sr Robert Otway,
Major-General Wemyss, and Colonel Bouverie.
His Royal Highness Prince George of Cambridge
arrived at his residence in St. James's Palace on Sa-
turday evening from a visit to the Duke of Wellington,
at his seat, Strathfieldsaye, Hants.
Her Royal Highness the Duchess of Gloucester ar-
rived in town on Saturday evening.
His Serene Highness Prince Edward of Saxe Wei-
mar returned to Marlborough House on Saturday,
from a visit to her Majesty at Windsor Castle.
His Excellency Count Kielmansegge has returned to
town from Walton, the seat of the Earl of Tankerville.
Sir Robert Peel arrived at his residence in Whitehall
Gardens, on Saturday afternoon, from Brighton.
A deputation from the Leather Trade, consisting of
Messrs. Williams, Boutcher, Hackblock, De Vear, and
Powell, had an interview with the Earl of Ripon on
Saturday, at the Office of the Board of Trade.
A deputation, including Mr. S. Gurney, Mr. Cook,
Mr. J. G. Hoare, and Mr. E. Buxton, • had an interview
with Lord Stanley on Saturday, at the Colonial Office.

TIMBER DUTIES.
TO THE EDITOR OF THE SUN.

Sin,—lf Norway and the Baltic were the same dis-
tance from us as North America, the proposed duties of
Sir Robert Peel of 255. on Foreign, and ls. on Canadian
timber, would, if carried, afford a sufficient protection to
our Colonies, but as the distance from America is more
than double, the freight being 405., whilst it is 20s. from
the Baltic only, the protective duty is thereby reduced to
45., a total prohibition of the use of Canadian produce,
and throwing out of employ our British shipping, the
timber from the Baltic being now brought in foreign ves-
sels, which go back in ballast only, so that the proposed
measure would be a great boon to the foreigner.
A FRIEND TO OLD ENGLAND.
• April 1, 1842.

DRURY LANE THEATRICAL FUND.—OR Saturday
last, at the assembling of the master and committee, the
secretary reported that he had been honoured with the
following communication from .the widow of the late Mr
Davidge, who was the proprietor of the Surrey Theatre :
" 1, Davidge-terrace, Kennington-road,
March 31, 1842.

" SIR-It having been represented to me that at the
last Covent-garden Theatrical Fund dinner the bequest
of my late husband to that excellent charity was not an-
nounced, to say, that he has bequeathed to that
institution,ouneelb
eg
and also to the Drury-lane Theatrical fund,
the respective sums of one hundred guineas ; but, in con-
sequence of a very large portion of his property having
been invested in mortgages and other securities not
redeemable until the years 1844 and 1847, the executors
are notenabled by the conditions of the will to pay them
and other bequests ; but you will be pleased to convey to
the committee of your truly benevolent fund the assur-
ance that no unnecessary delay on my part shall take
place in carrying out the testator's kind intentions in
institutions in which he felt such sincere interest, and to
which feeling I most cordially join.—l am, Sir, yours
faithfully,
"F. DAVIDGE.
To Wm. Bennett, Esq., Secretary to the Drury-
lane Theatrical Fund, 10, Little Russell-

street, Covent-Garden."
The master, secretary, and several members of the
ommittee acknowledged the handsome bequest, and the
manner in which it was communicated, in terms of gra-
itude, and directed a suitable reply to be forwarded to
Mrs. Davidge for her kindness.