The Sun.
London, England, 1842-03-09 00:00:00

anclt.

LONDON :
WEDNESDAY MORNING, MARCH 9, 1842.

We may not expect to influence in the smallest degree
the decision which the House of Commons will come to
this evening on the second reading of the Corn-keeping-
out Trill, nevertheless, we cannot allow the last stage, on
which there will probably be a division, to pass without
once more entering, in the name of a long-suffering and
oppressed people, our indignant remonstrance against
perpetuating a great national calamity by consummating
another piece of wicked legislation. The ignorant law-
makers of 1815 and 1828 may stand excused because
they had not witnessed the horrible effects of their legis-
lation, but the law-makers of 1842 have witnessed those
effects—have seen our commerce become unprofitable,
and our people starving—and, unable to plead ignorance,
they will be convicted by an impartial posterity of pure
malignity.

Though the division to-night will be on the principle of
of the Bill, we understand, with regret, that neither
Lord JOHN RUSSELL nor Lord PALMERSTON i 9 to
take the lead in rejecting it, The Whigs will probably
entrust this important work to some young Member of
their party. They are afraid, perhaps, of committing
themselves too far in the good cause, and so they forfeit
that sympathy and support which au assumption of hear-
tiness would obtain for them. In spite), however, of the
feebleness an] lukewarmness of their efforts, the cause
is so good that it will obtain, we are informed, some in-
creased support, and the Bill will go up to the House
of Lords condemned by a very large, a very intelligent,
and a very powerful minority.
Though we know we run the hazard of wearying our
readers by again referring to this subject, we must
remind them that the whole of that great branch
of s .cial science which Mr. Maurnus so
much enlarged as to make it hear his name,
rests on the admitted and undeniable truth, that
the only check to the progress of population, social
greatness, and social happiness, is THE WANT OF FOOD 3
and that this want, pressing on man at every stage of
his existence, is the source of all his difficulties, the
parent of all his struggles, and the chief cause of the
prevalence of vice and misery. Far be it from us to
breathe a doubt of the sublime wisdom of this dispen-
sation. We see in the continual recurrence of the diffi-
culty of producing food for an increasing population,
an unct using goad to invention and improvement. It is
at once the means by which the social capacities of in-
dividuals are enlarged, and by which the earth will it.
time be fully peopled. But the Legislature, which, from
any fancied good anticipated by its shortsightedness, adds
to thi natural difficulty, and increases the pressure of the
natural want, allies itself to the powers of evil and dark-
ness, and becomes, by limiting the supply of food, the
parent of vice and misery. •
In another part of The Sun we publish a short letter
from that intelligent, patriotic, and humane gentleman,
Mr. LIVESEY, of Preston, who has'done much to pro-
mote the cause of truth and justice ; and we humbly
solicit the Members of Parliament to read that brief
communication before they re-enact the now extinct
law for keeping food away from the people. The Legis-
lature passes laws to take away and burn meat which
is offered for sale in an improper condition, but in this
case a cow which had died and been buried, was dug up
and eaten, hunger setting all. laws at defiance.
Hunger
makes a shipwrecked crew cannibals, and to a
condition little short of cannibalism, hunger, ordaincd
by law, is reducing our unhappy and degraded people.
Oh, but there is much danger to all classes from this.
Men judge of their own condition by those belotv
as
well as by those above them: The "rime Minister and
his followers have set the example of teaching the people
to be contented with privation and misery, because as
he says, our people do not suffer quite so much as the
serfi in Russia and Poland. In accordance with his doc-
trines, and with much philosophy, the old song says—
Then nevir seem to mind it
Or think your fate a curse,
However bad you find it
Still there is Some one worse.

So those who get a bare sufficiency of bread or
potatoes, may console themselves that they can yet live,
and are not reduced to the terrible condition of digging
up a dead carcase to sustain life. Those who have yet
a meal of meat once a week, will, on this principle, be
content that there are others who . have only an in-
sufficient supply of potatoes or oatmessl. Those, too,
who live in an unglazed hut, and have some rags about
them, may rejoice that there are hundreds who have
scarcely clothing to cover, and a roof to shelter them.
What more than others do they deserve, they well
Tna.y say in the words of the hymn, " Yet GOD bath
given them more." The ultimate effect then of Sir R.
PExt.'s •
Philosophy, and of the Legislature, dooming
a certain portion of the people to slow starva-

tion, which we wish to press on the attention
of voting Members of Parliament, is, to degrade the
standard of well-being for all classes, and make each one
in succession gravitate down to the one beneath it, till it
becomes a consolation that want of food and want of
clothing, and the utmost misery which human beings can
endure, is not the lot of all. Many amongst us will
soon praise GOD that they are not cannibals ?
That is what the House of Commons is to vote to-
night. To starve or not to starve the people—to degrade
or not degrade this great community. An awful respon-
sibility hangs over the Legislature, and a responsibility
for which the growing intelligence of the people will
assuredly make them answer. Not for Sir R. PEEL'S
fortune and place, not for all his patronage and
power, not even for his much admired and
1 much envied talents, would we run the risk
of dooming one single being to the pangs of
hunger for a single day, much less encounter the terrible
and awful responsibility of degrading a whole community,
by dooming a considerable number of the poorest annu-
ally to the pains of a slow and lingering death by desti•
tution and starvation. To deprive the people of food by
law, can only be appropriately described by one word,
it is FIENDISH—and the Legislature which, with the
present knowledge of mankind, enacts a law to keep food
from the people, will be branded by posterity, Sir Ro-
BERT PEEL may " depend upon it," as the Fiendish
Legislature.

It is now fifty years and more since Mr. BENTHAM
wrote and published those works on the anomalous con-
dition of our laws which have ever since been a sort
of hand-book to law reformers. In particular, Mr.
BENTHAM exposed and satirized most of the rules fol-
lowed in our Courts relative to taking evidence. He
described them as calculated to stifle, not elicit truth,
but his remarks were derided by most of the sages of
our Courts, who persisted in describing every part of the
law of England as the very perfection of wisdom.
It is now fourteen years, as Lord BROUGHAM—to
whom it is no dishonour to say, that he was a pupil and
friend of BENTHAM—stated last night, since that Noble
Lord recommended to the Legislature, in his elaborate
speech on Law Reform, as many of the principles which
BENTHAM had expounded as the Noble Lord thought
were practicable, or as the• public was then likely to
appreciate. In spite, however, of Lord BROUGHAM'S
noble exertions, both in the House of Commons and the

House of Lords, he has been able to effect only a few of

the reforms he suggested in 1828 ; and to this day the
rules or laws of evidence remain very nearly as at the

,ime of BENTHAM.

A great progress, however, has, we are happy to say,
suddenly been made. The great number of Law Lords
still in the vigour of their intellect, who are now in the
House of Peers (six were present last night), seem to have
made them all emulous to do something to distinguish
themselves as law reformers. Hence a great number of
measures to improve the administration of the law have
been suddenly shot on their Lordships' table. Coming
before the public from such authority, they all confirm
the popular impression that the law is a great mass of
unjust and incongruous inconsistencies. Nearly to that
point the heads of the law are already brought, and we
do not despair of soon seeing them—rivals as they now
are in the race of legislation—taking the lead of the
people in condemning the old and in framing new laws.

Last night Lord DENMAN moved the second reading
of his Bill to amend the law relative to taking evidence.
The Noble Lord purposes to admit the evidence of men
once convicted of felony or perjury, now wholly excluded,
and the evidence of persons having an interest in a suit,
now very partially and inconsistently shut out, leaving the
Jury to determine its value. He quoted several instances
of incongruity in our present practices. For example:
a gentleman had employed a person for many years
as his steward, whom he knew had been convicted of
felony ; and the steward had received on his account a

considerable sum of money from an attorney whom the
gentleman employed. The account ran on for years :
last term only a trial came on growing out of a demanli

made by the gentleman on the attorney, to account for

sums of money. The attorney said he had paid them to
the steward, and when he brought the steward into Court
to bear evidence of the fact, the gentleman produced the

record of his steward's former conviction, and defeated
the ends of justice. It was properly concluded, there-
fore, that thus to disable witnesses is to inflict damage
or punishment on the innocent, who may have occasion
for their testimony.
The argument of Lord DENMAN was supported and
carried further by the LORD CHANCELLOR, who quoted
a considerable number of instances of incongruities, for
which we must refer to his speech, contenting ourselves
with mentioning one. A man united with others in a,
policy of insurance, can give no evidence in any cause
touching that policy, becauso he has an interest in it, in
Courts of Law. But he, and all concerned, can go into a
Court of Equity, and make affidavits about it by whole-

sale. The LORD CHANCELLOR properly called this a great
inconsistency; and he described several other instances,
which he mentioned, as gross absurdities and great in-
consistencies. He said several times that the law was
inconsistent and absurd. Lord WYNFORD took the same
line, and the two Noble Lords went so far that Lord

DENMAN, a law reformer, was obliged, as he good
humouredly said, to interpose, and shield the law

from the attacks of Lord WYNFORD and the LORD
CHANCELLOR. Lords BROUGHAM and CAMPBELL con-
curred in these doctrines, and the Bill which, a few
years ago, would have encountered innumerable obsta-
cles, .was read a second time, by the acclamation, as it

were, of the Law Lords, and ordered to be committed
after the recess, when, by the presence of the Judges, it
is hoped that the Bill may be made a perfect law.
We much rejoice at this great change, but it is not
unattended with some painful reflections. These Law
Lords, who now denounce the law as inconsistent and
absurd, have heretofore been ready to smite to the
death the unprofessional people who have doubted or
decried the wisdom of the law. Writers against the
law have been held up as libellers, as exciting seditio:l
and provoking disorder, and almost as rebels. After
inflicting many penalties and much misery on the
people to support the reputation of the law,
the first ministers in the temple of their great idol now
shout out with the people, it is a great mass of incon-
.istency and absurdity. When the Tory LORD CHAN-
CELLOR—who seems to have returned to his first-love of
something more than Whiggism—espouses such opinions,
we are sure that a great revolution has taken place in
public sentiment., which must soon be embodied in a
great practical reform.

INDIA_ AND CHINA.
We have alarming news from India. In addition to

the murder of the gallant and chivalrous Sir ALEXANDER
BUililEA at Cabool, we haw now -to- 'record- the cold
blooded cowardly assassination of our distinguished
Envoy, Sir Wm. APNAGHTEN at the Court of the
Shah SOOJAH. The following Telegraphic Despatch,
containing this disastrous intelligence was received in
Paris on Sunday, from Marseilles, where the Indian Mail
had arrived on Saturday morning from Malta :
"MALTA, MARCH 1, 6 O'CLOCK, P.M.
" The grpat Liverpool arrived this evening from
Alexandria with the Indian mail.

" The latest accounts from Affghanistan are of the
23th of December. The position of the English was
still extremely critical. Sir W. M‘Naghten, Envoy at
the Court of Shah Soojah, was assassinated in the most
treacherous manner, on the 25th, by the Chief of the
Insurrection, in an interview with him on the subiect of
the evacuation of Cabool.

" One of the newspapers announces the death of Ge-
neral Elphinstone by an attack of the gout.

The accounts from China are to the 13th of 1)e-

cember inclusive.

"It was believed that, immediately on the return of
Sir Henry Pottinger to Macao (which was momentarily
expected), a new demonstration would be made against
Canton, the inhabitants of which had again violated the

treaty.
" The Erigone had arrived at Macao on the Bth of
December."

The loss of so many brave officers in Cabool and
A ffghanistan is a dreadful blow to the growing ascend-
ancy of the British power on the Indus. Besides the
great distance between our Anglo-Indian territory and
Cabool, there is every thing to be apprehended from
the dangers of the route, and the hostile tribes inhabiting
the whole line of march, to render it next to impos-
sible for us to wreak immediat ) vengeance upon the
murderers of persons clothed in the sacred character,{
of the representatives of our Sovereign at the Court ef
a friend and ally of this country. The first duty of the
Indian Government will now be to save the remains of
our army in Cabool. Previous accounts assured us that
Sir H. SALE's position was exceedingly critical, and an
apprehension prevailed that unless speedily relieved, the
troops would be compelled to capitulate—thus risking
the almost terrible certainty of a general massacre.

We must await the arrival of the mails before offering
any comment upon the news from China.

Owing to the comparatively tranquil state of Ireland,
both in the south and north, for some years 'past, the
friends of that country began to indulge the hope that the
reign of bigotry was drawing to a close, and with it
those cruel feuds and savage deeds which have so long
afflicted a generous people. The tale, however, which
Mr. O'CONNELL related in the House on Monday night for-
bids such a conclusion. The deed to which it refers is an
exemplification of the most atrocious description of
Lynch-law, and that deed, too, to the disgrace of the

parties, is sanctioned by a Protestant Jury, sworn to do
.ustice between man and man. A Roman Catholic, it
appears, had quarrelled with an Orangeman in the
north-of Ireland, a friend of the former interfered to
pacify the combatants, and for this praiseworthy act,
he was set upon by a party of Orangemen, to the number
of forty, possessed of fire-arms, who pursued him from
one place of retreat to another, and having dragged him
at last out of a lime-kiln where he had taken refuge,
instantly put him to death. - Some of the murderers
were brought to trial, and when acquitted by an Orange
Jury, contrary to the evidence and the summing
up of the Judge, the hall of justice resounded with
shouts of "To hell with the Pepe." Even Lord
ELIOT, the present Tory Secretary for Ireland
admitted that he was at a loss to conceive
on what grounds the Jury had rested their ver-
dict, and expressed great regret at the result. He well
might express regret at a scene enacted in a Christian
land which could hardly be surpassed by the most
savage barbarians, because it shows that the voice of
truth is drowned amidst party strifes, that the worst
pass:ons of the human mind are excited under the garb
of religion, and that the power of the law, in such cases,
to detect and punish crime is a mere mockery. Earl DE
GREY, a man of an amiable disposition and of the most
upright conduct, no doubt is shocked by such proceedings,
but he must know well that these party riots in the north
have greatly increased since his accession to office, and
that the Orangemen have returned to their lawless, habits,
from a belief that their deeds will be winked at, as they
were under the old fire-and-sword system. The LORD
LIEUTENANT, therefore, in order to maintain his dignity,
and preserve peace, has only one course to pursue—strict
and impartial justice. Let him call to account the Ma-
gistrates who allowed dangerous assemblies of armed
people in a time of peace, and among a portion of their
fellow-subjects, whom they hate more than the
most hostile foreigner. If these Magistrates
have winked at such outrages, or failed in carrying the
law into effect, others can be found to supply their places.
And is not the fact of one party being armed and the
other not, the best proof that justice is partially admi-
nistered ? Such an invidious distinction, and especially
when such use is made of it, cannot fail to excite the
worst feelings among Catholics not only against Orange-
men, but against the Government. If Earl DE GREY,
therefore, wishes to be in reality the Governor of Ire-
land, let him throw to the winds all party prejudices, and
use his power, not for the supremacy of one section, but
for the equal protection of all her Majesty's Irish subjects.

A notice has been placed on the books of the House
of Commons by the Member for Argyllshire for the ap-
pointment of a Select Committee " to consider the Con-
stitution and principles of the Church of Scotland, and
to inquire into the causes of the collision between the
Supreme Courts of that Church and the Supreme Civil
Courts." Now when the Government find that the ques-
tion is to be brought forward by Mr ALEXANDER CAMP-
BELL, the nominee of the Duke of ARGYLL, known for
only one act of his life, the concoction of an Anti-
Patronage Bill, which satisfied even the " wild men,"
they will no doubt be on their guard against the cunning
devices that lurk under the motion. What occasion is
there for any such inquiry ? The causes of the collision
between the civil and ecclesiastical poWers have been
already fully inquired into, both by the Court of
Session and the House of Lords, which found
that the collision took place through the reckless
and unskilful conduct of the Church ; and, there.
fore, pronounced • for the State. The object of the
parties, knowing to what a low depth they are brought
in the north, is to excite the public mind, not
only by giving evidence before a Committee,
but by harangues throughout England, for which
a great number of Missionaries are about to
start. We trust, therefore, that Sir ROBERT PEEL
will see through the trick, and at once negative
the motion. The main purpose of it can be
no other than to increase the power of the Kirk,
which Sir JAMES GRAHAM, thinking it already too
great, must be anxious to diminish. The law as it
stands is amply sufficient for the settlement of the
question.

We really cannot see any great good that is likely to
be gained by mooting so often the question of the claims
of France to the possession of Algiers. Were a war
probable, some moral advantage might be derived from
an appeal made by a Power which had never recognized
the usurpations of fraud and force; but when it is not
intended to resist the aggression, people had better hold
their tongues about it. For this reason we
rather regret that any necessity should exist
for the explanation given in the House of Lords on Mon-
day night by the Earl of ABERDEEN, of a conversation
between himself and the French Ambassador, the Count
DE St. AULAIRE, which hasalready created an immense
excitement in France. The Noble Foreign Secretary,
in answer to a question of the Marquis of CLANRI-
CARDE, repeated the statement made by Sir ROBERT
PEEL in the House id' Commons, that he had not said to
the French Ambassador that he looked upon the occupa-
tion of Algiers as an accomplished fact ; but that he had
no observation to make upon the subject; and therefote re
would remain silent. His Lordship read a despatch which
he wrote to the Ambassador correcting the erroneous
impression under which his Excellency laboured, and
which was made known to him by perusing a speech of
M. GUIZOT in the French Chamber of Deputies on the
20th ult., in which the conversation between the Foreign
Secretary and Count DE St. AULAIRE, relative to Al-
giers, was quoted. There has been a mistake some-
where, and while Lord ABERDEEN boars the fullest testi-
mony to the high honour and amicable disposition of the
French Ambassador, he asserts that it has been on the
the side of that functionary. Taking all the circum-
stances into account, it is with some degree of regret
that we feel bound to express a different opinion. Cir-
cumstances and reports have been mentioned to us,
which will not allow us on this occasion to distrust the
Ambassador's recollection of the Noble Lotd's conver-
sation. One of the first actsof the French Govern-
ment, when Lord COWLEY arrived in Par*, was to er
deavour to prevail upon his Lordship to co-operate with
the French Cabinet in obtaining from his Court the
recognition of the conquest of Algiers, and to change
altogether the Whig policy in Spain. Lord COWLEY
fell into the trap laid for him by LOUIS PHILIPPE. He
declared in favour of M. SALVANDY'S etiquette preten-
sions, and even addressed instructions to the British
Envoy at Madrid, which that Minister had the spirit to
reject, and to propose, if persisted in, that
he should be recalled. At this stage of the
affair, the press got hold of it, and Lord
ABERDEEN became sensible of Lord CowLEv's
stupid blunder. The Ministry saw that a retrogade
policy would not do in Spain ; and the consequence has
been a regular backing out, by the Tories, of every pro-
mise made to conciliate France.

But we have no wish to see matters carried too far. All
we want is the certain assurance that the Tories will pursue
the line of foreign policy so successfully adopted by the
Whigs. The French are very sore on the subject of
Algiers, and while the Government withholds a recogni-
tion of its occupation by them, the most prudent course
undoubtedly is t' say nothing about it. We trust this
w,ill be the course pursued in Parliament for the re-
mainder of the present Session.

There is a dearth of political news in the French
Journals. We, however, gather from them that the
partisans of Madame Murton, while denouncing the re-
ported design of invading Spain as a hoax, are making
all the preparations which they can for raising again the
standard of civil war in the Basques. The Court organs
having affected to throw discredit on all the intrigues c f
the Court, the National, of Sunday, asks :
Is it true that MM. Toreno, Zea Bermudez, and Martinez
de la Rosa, three leaders of apparently distinct and even
hostile parties, all obey a supreme and all powerful direc-
tion? Is it true that Queen Christina, excited almost
to madness by resentment, vanity, and disappointed
cupidity, has promised to pay all the expenses of the
insurrection, and to pay down 25,000,000 f. and more if
necessary ? Has not Don Carlos been solicited, as he was in
September last, to give his assent to the attempt projected
against Espartero? Were not magnificent conditions offered
to his family on the hypothesis of his consent? Is it true,
that in rase of refusal threats were held out of act-
ing diplomatically with the Powers who supply him
with subsidies, and so deprive him of. means
of existence? Is it true that the concurrence of Villa_
real, of Zariateguy, of Gomez, &c., has been obtained? that
Cabrera has been invited to come to Paris ? and that
enlisting on account of Christina is going forward in all
the depots of the Carlist refugees by well-known
in fine, that the refugees have been ap-
prisedamong them who shall refuse to enlist for
Ca agents
that all
ui
Christina
Is
mdepend for the future on receiving the
ts
must
h true,
onsoe t
subsidies allowed them by the munificence of the Chambers?
If all this be untrue, let It Le said so and proved ; but if, en the
contrary, it is isipossible to deny those facts, do not accuse us
any longer (of stating falsehoods)."
The Moniteur of the 6th of March publishes in its official
part an ordnance of the stb, containing the nomination of I
several Justices of Peace.

The Jena, of the line, Captain Trorpin, and the Africaine
frigate, Captain Triulode, left Brest on the 4th of March ;
they were bound to Lisbon.
'the Cologne Gazette, of the 3dof March, has the following
latter from the Russian frontiers :
" Letters from St. Petersburgh say that the Russian Go-
vernment, which has resolved to make the iron railway flora
St. Petersburgh to Moscow at the expense of the State, will
negotiate aloes for that purpose to the amount of forty or fifty
millions of silver roubles. Negotiations have already been
opened with several banking houses, from which tenders are
expected. It is affirmed that Messrs. de Rothschild are among
competitors for this loan. "
The Augsburgh Gazette has a letter from Alexandria of
the 6th of February, which says,
,4 It is affirmed that the
English Consul has written in very energetic terms to the
Pasha) wishing him to fix his residence at Cairo or Alexandria,
or else to appoint a representative, that the solution of the most
important affairs may not be delayed indefinitely, the frequent
change of residence being manifestly designed to avoid the re-
presentation of the Consuls. It is affirmed that the Austrian

intends to go to Cairo to-morrow, and to declare to Mehemet
Ali, that it he will not grant freedom of trade, he must re-
nounce the advantage of the new Treaty respecting the cus-
toms. The Consuls of Austria and England are perfectly
agreed on this point. We hardly believe that they have received
from their GJvernments authority to take so decisive a step."
Boghos Bey has just sent 275,000 crowns to Constantinople.
—Constitutionnel,6th March.

I C. DIBDIN'S SoNcs.—We are glad to learn, from a
printed circular issued by Messrs. How and Parsons,
that there is no truth in the report that the stock of this
work was totally destroyed in the conflagration of the
printing-office of Mr. G. H. Davidson, late of Tudor-
street. A portion of it only was destroyed, but the
greater part of the stereotype plates were fortunately
i
; and there is no doubt of the work
beingl on
reprinted premisesriutedand completed. As the undertaking is
1 a spirited and meritorious one, we heartily wish it success.

MONEY and COMMERCIAL NEWS.
CITY, THURSDAY EVENING.
The Stock Market this afternoon was acted upon by the
intelligence (per telegraphic despatch) from Marseilles, an-
nouncing the continued critical position of the British forces in
Affghanistan, and the probability that Canton must once
more be invested, in order to secure from the Chinese the exe-
cution of the Elliot Treaty. The reaction was not serious.
We regret to hear another stoppage mentioned this after-
noon, of a firm in the East India and Colonial trade. We
are not yet at liberty to publish the name, though we fear
there will be no arrangement effected to save the credit of the
house, by preventing an entire stoppage. Consols for imme-
diate transfer were 89 to 89%, closing at 891 to 69-14 , and for
Account realised 89j to t. 9/. Exchequer Bills maintained
the premium of 31s. to 335., and India Bonds were not
reduced in value, being at Bs. to 10s. premium. India
Stock is shut. New Three-and-a-Half per Cents. were
981 to 98j.
The Foreign Securities were fiat to day, being influenced by
the heaviness of our own Funds. Mexican were lower, because
of the apprehension that a war will arise out of the Texas affair
between Mexico and the United States. The announcement
that the dividends will be payable on Spanish Stock has led to
no improvement in the Bonds; the price varying from 251 to
to 241. Portuguese New Five per Cents. were firm at 334.
Mexican declined to 38% to 38. Colombian Stock was dull at
24% to French Five per Cents. realized 119 f. 25c. ; and
Dutch Five per Cents. 103 to 1024.
The Railway Shares were neglected, and bore generally a
slightly reduced value.

We notice a decline again in the rate for Bills of Exchange
on Paris and Trieste; but Amsterdam and Antwerp are much
the same, while Hambtirgh and Frankfort improved a shade.
The following is the official return of the exports of Bullion,
from the port of London, for the week ending '1 hursday last :
Silver Coin to Hamkurgh 26,000 ounces
f/ Mauritius ... 21,797 „
Rotterdam
Silver Bars Ditto
ff Hamburgh 29,200 „
(From The Sun of Last Night.)
LIVERPOOL COTTON MARKET, :MARCH 7.—The sales to
day are about 5,000 bales, including 500 Peruvians, 700 Ame-
ricans for export; the Peruvians are of low quality at
%'l. With this business we keep our ground steadily, but
still there is an abundant supply of middling and inferior qua-
lity of American in the market. The good sorts are scarce and
prices firmly maintained. The sales consist of 400 Surats, 311(1.
to 41c1. ; 120 Maranhams, sd. to 6d. ; 100 Pernams, 7d. to
7d. ; and the remainder American, 4id. to 6d.
LIVERPOOL SHARE MARKET, .MARCH 7. —The Market
has closed rather flat, and the business not so good as durieg
the last week. Grand Junction Halt-shares, 90; London and
Birmingham, 175; ditto 32/. Shares, ex. div., 30; Great
North of England, 87 ; Paris and Rouen, 14/.
MANCHESTER STOCK EXCHANGE, MARCH 7.—We can-
not report any material change in the value of Stock, of which
our market continues very bare. Manchester and Salford
Water Works have been sold at 5l per Share, and Manches-
ter and Birmingham, 28i ; Manchester and Leeds, North Mid-
land, Midland Counties, Bolton and Bury, &e. are in request.
There are no later ship letters to-day from any quarter.
The overdue steamer with the mail from the West Indies is
very anxiously looked for.
The news from India brought by the Overland Mail and
telegrapheu from Marseilles to Paris, is considered to be of an
unfavourable nature, in consequence of which the English
Securities have declined. Consols are now .89A for Money,
and 89i for the Account ; Exchequer Bills are down to
31, and India Bonds 7 to 9 premium ; the business doing,
however, has been very limited.
• The advertisement for the 'payment of the dividends upon
Spanish Stock has at last made its appearance ; its effect upon
the Securities was trifling. The Active Stock advanced in the
early part of the morcing to but has since receded to 24ii,
which is the Tresent quotation. Colombian Bonds are 24i;
Mexican 38%; Portuguese Three per Cents. 2Cit ; Dutch
Two-and-a- Half per Cents. 51i ; Ditto Fives 1021.
Very little business doing in Shares; prices are lower.
Consols, 891 ; Colombian, 24 ; Mexican, 38
Spanish, 24& 25.

CLOSING PRICES
BRITISH FUNDS.
Bank Stock — 'lndia Stock •••
3 per Cent Red Agi Ditto Bonds
3 per Cent Cons 89,1 .Ditto Old Annuities ...
35 per Cent Red.. — IDitte New Annuities...
New 35 per Cent
New 5 per Cent.. — Ditto 5001..._ 33 pa
Long A.nnuities;.oexpire Ditto Small 33 pm
Jan. 1860 ..... (Bank Stock for 0pg,...
Oct. 1859........ India Stock for Acct....
Jan. 1860.
......... 1.2 i Consols for Acct 895
FOREIGN FUNDS.
Austrian, 5 pal cent._ Portuguese, 5 per cent.
Belgian, 5 pet cent — ;Ditto, New Ditto —
Brazilian 80nd5.......... Prussian, 5 per cent.
Buenos Ayres, 6 percent ,Russian, 5 per cent....
Chilian 6 per cent..... Ditto, Metallic .
Colombian, 6 pet cent.. Spanish, 5 per cent. .... 254
Ditto, 1824.. ....... ..... Ditto, Deferred . 12i
Danish, 3 per cent French, 5 per cent.ll9 . 25c.
Greek, 1825,5 per cent —l Exchange f ...c.
Mexican, 5 per cent.... 38 French, 3 per cent. —. —c
Ditto, 6 per cent. 1837 Dutch, 25 per cent. . 515
Peruvian, 1825, Eper et. Ditto, 5 per cent. .. . 1024
SHARES.
Birmingham and Derby Railway (100 pd) 56
Great North of England Railway (100 pd) 86
Great Western Railway 65 paid) BB5
Ditto New Shares (50 paid) ... 62
Ditto Fifth (4 paid)
London and Brighton (50 paid) `,55
London and Birmingham (90)
•• • ••
Ditto Quarter Shares (15 paid) 36
London and South Western
South Eastern and Dover (48 paid) ...... . 26
York and North Midland (50 paid) ... ......
Ditto New Shares (15 paid) 315
' COURSE OF EXCHANGE—(YESTERDAY.)
Amsterdam CF. 12 75 Gibraltar . .
Ditto, at sight
Rotterdam ...2 U. 12 8 Genoa
Antwerp l2 75 Milan
Hamburgh M B 13 144 Venice ... 47
Altona
Paris, 3 days' sight ... 25 70 Palermo, per oz 120
Ditto, 3 months 25 95 Lisbon
Marseilles
Bourdeaux 25 95 Rio Janeiro 27
Frankfort on Maine... 1515 Bahia
l'etersburgh, 3Us ... 37 Buenos Ayres
8er1in.....
Vienna, effee. 11. 3 M 954 Philadelphia ..
Trieste, ditto 9 55 PRICES OF BULLION, PER OZ,
Madrid' ..

6a7cii. .-- ' -

Bilbao ... 35
Barcelona ............... 35
Seville

New oubloons 0 0 0
New Dollars... 0 4 99
Silver in Bars 0 4 11

Porto

_..,.., ..
al Gold Coin

..3 17 5

S UM MARY OF NEWS