The Sun.
London, England, 1842-08-26 00:00:00

BELGIUM.

BRUSSELS, AUG. 21.—The Journal de Bruxellek
says "It is reported, says a Journal, that M. de
Liem, the Minister of War, has just tendered his
resignation to the King, on account of his ill health.
We believe we may contradict this report. It is true
that the numerous labours to which M. de Liem has
devoted his attention, since his entrance into office,
have affected his health ; but we expect, from his de-
votedness to the public service, that he will continue
to fulfil the task which he has accepted for the con-
fidence of the Ring."
The Moniteur of this morning publishes an impor-
tant Royal Ordinance, giving great facilities to com-
merce. By this Ordinance—
" Art. I. sec. 1. Except in cases where fraud is
suspected, packages of goods are exempt from exa-
mination, which enter in transit by the Custom-
house offices of Henri Chappelle, Quievrain, and
Menin, destined to be conveyed by the iron railway,
in order to be embarked at Antwerp, Ghent, Bruges,
or Ostend, or to be deposited in the public entrepot
of one of those ports.
"Sec. 2. The same exemption from examination
shall be applicable to packages entering in transit by
the parts of Antwerp, Ostend, or Ghent, by Gelzaete,
to be forwarded by the iron railway, to either custom-
houses of Henri Chappelle, Quievrain, or Menin, as
well as packages forwarded in transit by the same
channel, and by the same. Custom-houses, to be ex-
ported from the public entrepots in those places, or
the free entrepots, provided they have not undergone
any manipulation or change in the wrapper or package
in those last establishments."

The ordinance contains further regulations for car-
rying this into effect.
BRUSSELS, AUG. 22.—The fourth exhibition of the
production of Belgian arts and manufactures was
opened yesterday.
BELGIAN FUNDS.—Baussets, AuaS9.

Actual Debt, 234 per Cent , _ .

Rothschild's Loan, Five
nper Cent lOO%
Loan of Thirty Mil
lions, Four per Cent .....» 9l
--- Three per Cent..,....... _
soio--..Thlrty.seven Milli ns, ditto)
la 701 A
--.......----------------- (1840 i,
Loan *fray, 1892, Four per Cent. 92
Society of Coimmerce, Four and a Half per Cent OO
Bank of Belgium, Five per Cent ' 77
National Society ..
Exchang. on London (short) ,„„„ —
Brussels Paper:, Aug 23.

The Austrian Prince Who is about to arrive in this
country is the Archduke Frederick, nephew of the
Emperor. This Prince commands the frigate Bellona,
and may be expected to arrive at Portsmouth in about
a fortnight, from Lisbon and the Mediterranean. His
Highness is in his 22d year, The Austrian Minister,
Baron Nieumann, will probably go to I'orts.l"49t4 to
receive his Highness, who will ylalt her MajkltY
WITAsor.

MONEY MARKET and CITY NEWS,
FROM THE MORNING PAPERS OF THIS DAY.
CITY, THURSDAY EVENING.
TIMES.—The announcement of another dividend
on the New Three per Cent. Spanish Stock has re-
vived the indignation of that most ill-used class of
creditors the holders of Treasury Bonds, who, having
the most solemn pledge of the -Spanish Government,
have been unable to this day to obtain a dollar of in-
terest, though the payment of the principal as. well as
interest was guaranteed to them. Many of them have
gone to the Spanish agency-office to know what is to
be done with their securities, and the answer they
receiveis, that no instructions have been received there
respecting Treasury Bonds. This answer, unsatis-
factory enough in itself, is rendered perfectly unin-
telligible, when the holders are further told that they
may if please exchange their Treasury Bonds fo-r
the new stock. If there are no instructions about the
Bonds at all, how, they ask, can there be any instruc-
tions which would authorise the agent to issue Three
per Cent. Stock in exchange for them ?—a question
which revives the rumour current some time ago, and
never satisfactorily cleared up, of the possibility of an
extra quantity of Spanish Stock finding its way into
the market. As for the offer to convert, they of
course reject it at once, as there is no reason why
they should change a Treasury Bond, which is a re-
deemable security, for a stock which is irredeemable,
especially since, finding every decree that guaranteed
the payment of their Bonds disregarded, and every
promise to pay them violated, they feel that the
holders of the new stock may meet with no better fate.
SUN.—It having been ascertained that some large
amounts of stock were taken off the market on
account of the Scotch Banks, the fact of these estab-
lishments having operated so largely gave an in-
creased firmness to prices, and Consols left off at 921
for Money and for the Account ; Bank Stock,
167 169 ; India Stock, 2501 2511; Exchequer
Bills, Old, 51 53 ; New, 49 51 prem.
For some time past but little business has been
going forward in Foreign securities. The small
amount of • legitimate Bonds offering, and the
condition of the several non-paying States
equally forbidding speculation, transactions have
therefore, been altogether bona fide. The fallacious
grounds upon which time bargains were carried on
having been fully explained, and the greater portion
of the property formerly employed having been with-
drawn by the late exposure of the Exchequer Bill
fraud, scarcely a dealing is now entered into in them,.
and it is a matter of general regret that a degree of
currency is given to many of this description by re-
taining them on the official lists.
The prices of the securities were—Belgian 1011
1021; Dutch Two. and-a-Half per Cents., 521521 ;
the Five per Cents., 102 1021 ; Danish, 83 84 ; and
Brazilian, 65 66.
The quotation of Mexican declined to 341 341,
in consequence of some unfavourable accounts stated
to have been received by the Great Western. Those
parties interested in either Texas or Mexico who
may be uninfluenced by the Stock Exchange, appear.
,to,considqfhe'-intelligence, .although yagne, to
favottrablo than the• last. The Executive of
texas is stated to be decidedly against carrying on
hostilities, upon the proper presumption that the
country is not. at present in a condition to do so
without getting into debt.. The Mexicans are in a
better situation, and equally aware that such is the
case. Under the circumstances, it is confidently
hoped that the Convention entered into with Texas
for this country to act as mediator, may he carried
into effect.
The alteration in the prices of Shares was but
trifling—London and Birmingham were 181 183 ;
Birmingham and Gloucester, 40 42 ; Great Western,
85 86 ; the Half Shares, 61 611; South 'Western,
621 631 ; North Midland, 58 60 ; the New Shares,
28 29 ; South Eastern and Dover, 214 221 ; Eastern
Counties, 9 91 ; Blackwall, 81 84; and Brighton,
331 33i per share.
The quotations of the Bonds were—Colombian,
201 201 ; Peruvian, 151 161 ; Portuguese Five per
Cents., 331 34 ; the Three per Cents., 20 201 ;
Spanish Five per Cents., 204 201; and the Three per
Cents., 191 20 per 1001. Bonds, with all the overdue
coupons. According to. the fficial lists, the only
dealings were in Colombian and Spanish.

PRICE OF SUGAR.

EFFECTS OF MONOPOLY.

London, Aug. 27, 1842.
The following average prices of Brown, or Mus-
covado British Sugars, will be published in this
evening's Gazette :
West India .. 3ss. llid. per cwt.
East India ......
Mauritius ..
The total average prices of the three kinds of
Sugar is 355. aid. per cwt.
The actual quantities sold in the week ending the
23d inst., on account of the importers, according to
the returns of the sugar brokers made on oath, in
conformity with the Act of Parliament, and on which
quantities the above prices aro computed, consisted
of 17;896 cwt. of West India, of 4,660 cwt. of East
India, and of 5,194 cwt. of Mauritius Sugars.
There have been sold 422 cwt., at 265. per cwt., of
Kaur sugar, which being classed as East India, un-
fairly depresses the average price of that description
of sugar.

Taking. quality for quality, foreign sugars may be
bought fully 20s. per cwt. below the prices of British
Sugars, yielding the Sugar monopolists on one article
a profit, through excess of price, of four millions sten.
ling- per annum ; in the meantime the fruit growers,
who form in fact a part of the landed interest, are
witnessing the destruction of their produce in
large quantities, from the want of Sugar at a
reasonable price to preserve it ; the landlords
are compelled to submit to this loss rather
than quarrel with their co-monopolists, the
West India body, whose support and influence, they
propitiate by silence; thus it is made manifest, that
the laws which confer monopoly or protection on a
particular class, do not permit that class to retain all
the money derived from its legal position, because the
persons comprising it have to buy of other protected
classe;, articles of consumption which are enhanced
cent. per cent. in their value. If the increased price
of each protected artie,l2 were set down in opposition
to their gains through the operation of the Corn-laws,
the landlords would find the balance in their favour, if
any, small indeed; nevertheless the consumers at large
absolutely lose the enormous sums to which the several
monopolies amount. Can any surprise then exist at
the discontent which pervades the United Kingdom
from one end to the other.