The Sun.
London, England, 1842-11-04 00:00:00

MONEY and COMMERCIAL' NEWS. REMARKS ON AFFGHANTAN AND
i " CITY, THURSDAY EVENING. CHINA..
The Market for the public securities leaves off
firmly, though no great increase of business took 1
place after the morning. There were bargains in the BY ROBERT WISE, ESQ.
e Sun of Saturday last, we have received so roily
Consolidated Three per Cents. at 931 to 931, both • [Since the publication of the following observations in
Th
orders, which we cannot supply,that we are induced to
I for present tranfer and for the Account ; the New republish the article.—ED. .Sea
1 Three-and-a-Half per Cents. closed at 1011 small
and 101 f
tisfaction, a mall
and the Reduced Three per Cents. were not higher We have perused, with great sa
than 93 ; Bank Stock, was worth 166. In Exche- publication entitled " Remarks on our present rosi-
quer Bills no alteration occurred. tion with Afghanistan and China;" and as the au-
The additional operations in the Foreign Stocks thor, Mr. Robert Wise, of Allonby,
comprised Mexican at 321, a shade otadvance ; Peru- who had served for years in the East, is evidently
vian at 171 ; Buenos Ayres at 221 to 221 ; and Bra • •rational
well acquainted with hie subject, and takes a
zilian at 634, being also rather higher; Portuguese '
' • re relations with these i
New Five per Cents. were worth 384- ; the Converted, and manly view of our existin, tins 1
321 ; and the Three per Cents., 221 for Money, and countries, we shall make no apology for quo s
convey .
23 for Time; Spanish Actives dropped to 174: but freely from the work. The information it
a naval officer,
Of Pere
the Threes were steady at 211 ; Old Dutch Fives is the more valuable, as it is the result
closed at par. and
senal observation obtained many years ago,
A few additional transfers were effected in the is remarkable
matured and strengthened by the
Railway Shares, but buyers had rather the advan-• on
operations carried on by the British forces
tape. Great Western were lBi, Birmingham 92, The
and York and North Midland 41 premium. The the west and cast of our Indian possessions.
otatiNon
China
Brighton Shares was 361, or the Loan author in early life served on the coast of
Note 10-.} f
;or for South Eastern 22 ; andf for Eastern and India, in his Majesty's ship Dover, 38 01,51
..,kne
Counties 81. Paris and Rouen improved to 29f. which was lost in a hurricane at Madras in 18Ilis
The safe arrival of the British Queen, as announced r
a, terw• ' • ' • ' and wisiifievi.
afterwards joined the Java expedition,
in The Sun, gave much satisfaction in the City. rest
01
sent at the reduction of that is and the re
Business seems to be improving, and shippers h yeof the Au*
made their appearance as buyers at many of the whole- Dutch India. In adverting to the character
sale piece-goods warehouses in the City. ghans, and the probable cause of our expedition age
•cy
(From The Sun of Last Night.) Caubul, he throws some light on the mysterioooll
There are higher rates of insurance offered on the of Lord Auckland, which has hitherto had skle
' a-
British Queen, regarding the safety of which the fortunate results. The Affghans he describes as a'l
o 1
public anxiety does not appear to abate, but it is tion ~ freebooters - it a
and man-stealers, who consider
hoped that some arrival will ere long put us in pos-
country , and eIY
session of authentic particulars, supposing her to have merit to conquer and rob every
re the;~..a.
really put back. • nation which is not Mahomedan—to massacP
do'
The Cotton Market at Liverpool was quiet yes- habitants in cold blood, or forcibly convert ''.!
terday, and prices were steady. Sales 2,500 bales, viz., to the Mahomedan religion, and afterwatal 77,
300 bales Surat at 31d. to 4d.; 60 bales Maranham them asslaves. No • I be considered
51d.; treaty will
40 bales Bahia, 64d. ; 150 bales Egyptian, 6d. . • fortresses
binding on their part, unless we retain fo
to 6id. ; and 1,960 bales American, 31d. to 6d. per. to ec1"1"
lb. Railway Shares were firm. Edinburgh and sufficient and keep troops in the country su „In
Glasgow, 44; Grand Junction, 173 ; Great Western, pel them at all times to fulfil their engagelPents; ally
Birmingham Quarter, 471; Brighton, 361 ; and proof of these assertions," he adds, " I-nee" f
Paris and Rouen, 221. • nos °
refer, in the first place, to the repeated insta
..,,
The Belgians, suffering like ourselves front the de- P 6."
attempts made by the ancestors of Shah Soojah, i,
pression of trade, have turned their thoughts to cold- de le°l3
nisation, but the scheme in reference to Vera Mahomed, and the Affghan tribes, to invade 4
'on a"
Paz is generally disapproved of by the Press of that within the last century, and the awful devastati
.e
so
country, and is therefore not likely to be carried out. desolation which they committed on the peaceah_l ills,
There is another project, however, for the settlement unoffending Hindoos on the east banks of the 1"..,,a..
of Belgian agriculturists in the thinly populated pro- and to a considerable extent in the • terior of 1•11.0,
interior
of faith
since of San Catharina, in Brazil, which appears to dostan. ' Secondly to the repeated breaches witted
which find more favour, and the Commissioners sent over •
ich one head chief of their own tribes eon
05,
are empowered to select a tract of 400 square leagues.
'th the in
The country is fertile, and the climate is said to be towards that of another, accompanied with
murder of
good, though probably the Government will have to savage cruelties. Thirdly, to the perfidious
of fs:ith
look after the matter. Every day, in fact, proves Col. Burns and our Envoy, and the breaches aeeeree
'
more and more the imperative necessity of our own and awful cruelties exercised by the preseTit c• late
Government attending to the control of emigration, tion of Affghans on our
hapless forces, in their
of
the British American Association being a case in point, treatY
return from Caubul towards India, under na
should any recent one be necessary to adduce. There ing
safe conduct." attributes their late dar ,rn.
He
are, it is true, authorised agents at the different ports,the 1 1
Lieutenant Lean acting for London ; but this is treacherous conduct to their contempt for . ,_%,a,
eee_sfull"
scarcely sufficient. doos, acquired in their repeated and se Indians
The
Consol Market has not been so firm this sions of India, and adduces this as a reason whY ~,htins
morning for Accouut or for Money. In other words, born troops do not strike that terror into the At'e I,er
for immediate transfer Consols are worth 1 per cent.
which an army of less than one quarter of .vriti,e
more than for the next settling-day. We quote the hard r -1"
latter at 93:1- and the former at 931.1. The would do, consisting of strong and 3
_lice a
• ul) '
Bank brokers 'bought 10,0001. stock for the Savings troops. In place, therefore, of keeping s be
should
.
Banks, as is assumed. This makes very large Indian force, he proposes that troop s
mouth of
nearly 50,0001. on the same account in two conveyed direct from England to the ,t river
days. The purchases were to be continued. The the Indus, and thence, by steam-boats, up t"3. the
object, no doubt, is 'the enhancement of prices, and to Kalabagh, a distance .1 We Ilke
of 1,500 mi es. 01 3
thus frustrating the contemplated reduction of the .
form 3 s
spirit of the following extract, which ogle
rates of interest upon the Three-and-a-Half per
Cents., the price of which, this morning, is 1004- f, contrast to the reported policy of Lord Ellenbor
110, I'l
e
and for the New Stock' 1011 f . Exchequer Bills are and the advice of those timid Englishmen w juaig-
-575. 9d. premium ; India Bonds 50s. to 525. prem. ; cowards, would put up with the most atrocious the
and Bank of England Stock 166 to 167. the"
nitres ever inflicted by barbarians, streng the
The Foreign Stock Exchange has assumed rather - _, ~.„.ese
hands of our enemies • in that quarter, and eta but
more activity to-day; business having been transacted British 000
in several of the Bonds. Mexican Stock has been at utmost indignation, not only in the Br'
321 32 ; Peruvian are firm at 17 171. The Bond- among the vast Indian population under British
holders are looking for some good accounts from Here is the advice of a true British sailor :---;hatioesh
the Republic, but we can scarcely hope that It appears imperative on us to read the .1%-ff, the mat'
any remittances will be made, except for a small divi- a lesson as never will be forgotten, and to settle '
to held
dead, for a long time yet. ter at once and for ever, as regards our power
fit,
for
Spanish Bonds are flat at 171 1, for the Active such control over them as Government may de,e,napiv sub-
Stock. There have been no fresh quotations of the the ultimate security of Britain. After cowl et
New Three per Cents. up to this hour. Danish Stock doing the different tribes in Aff 1 • if " few held by
g ianistan,
-eoted at 83 to 831 ; Dutch Five -e• Cents. at 1001; __ ,- - its and fortifications were • (at

is quoted a, , pe.
Portuguese Converted at 321 a ; Brazilian at 63; and
Buenos Ayres at 22.
There has been a very limited demand for Railway
Shares this morning. The public have received with
satisfaction the announcement of a reduction in the
fares of the London and Blackwell Company. We
say to the Greenwich and Croyda Directors " go and
do likewise." Blackwell Shares have been purchased
this morning at 9g- discount. The London and Bir-
mingham Thirds, have been quoted at 281 premium ;
the New Ditto at 28 premium ; the Eastern Counties,
New, at 1 premium ; and the Paris and Rouen at
94 premium per share. •
The public sales of Coffees and 'other produce, have
gone off rather flatly this morning. There are no
public sales of sugar •announced for this day.
The Hosiery Trade intend, we hear, to wait upon
the Lord ,i`dayor to ask his protection from a system
of annoyance. The sale of braces and other articles
made in part, or in whole, of caoutchouc, is an important
branch of the hosiery trade, and a company having a
patent is fiursuing retailers for penalties. Many com-
promises, it is said, have already been made rather
than Chancery proceedings should be brought into
operation against the parties.
MANCHESTER STOCK EXCHANGE, Nov. 2.—The
market is quiet, but steady. Manchester and Leeds
Half Shares, 281; Manchester;and Birmingham, 191
to 20 ; Edinburgh and Glasgow, 451 to 46 ; Man-
chester and Liverpool District Bank, 10i.
CLOSING PRICES.
BRITISH FUNDS.
Bank Stock .166 India Stock —pm
3 per Cent. Red. ...... 93 Ditto Bonds . 52 pm
3 per Cent. Cons 93; Ditto Old Annuities
3; per Cent. Red 100; Ditto New Annuities...
New 3; per Cent.. loli Ex. Bills, 1,000/....2d. 59 pm
New 5 per Cen:
Long Annuities to expire Ditto Small
Jan. 1860 .. l2 5-16 Bank Stock for Acct.
Oct. 1859
Jan. 1660 l2i iConsolt for Acct 93;

FOI-tEIGD
Austrian, 5 per cent. —
Belgian, b per cent
Brazilian Bonds... 631
Buenos Ayres 6 per cent. 22
Chilian 6 per cent.
Colombian, 6 per rent —
Ditto, 1824
Cuba Bonds, 6 per cent 79/
Danish, 3 per sent B3
Greek, 1825, 5 per cent —
Mexican, 5 per cent 32i
Ditto, 6 per cent. 1837
Peruvian,lB2s,6 per et. 17
SHARES.
Eastern Counties (23 paid) t 81
Ditto New (—paid) lO
Edinburgh and Glasgow (50 paid) ...... 46*
Ditto New Shares ( 5 paid)
Great Western, (65 paid)
Ditto New Shares (50 paid ...
Hull and Selby (50 paid) 321
London and Brighton (50 paid) .....
Ditto Loan Notes (10 paid) .. lOl
London and Blackwall ( paid) ••• 6
London and Birmingham (90) ...... . 182
Ditto Thirds (32 paid)
Ditto New Shares ( 2 paid ) ........ 30
Northern and Eastern (45 paid)
Paris and Rouen (20 paid)
South Eastern and Dover (50 ...... 22
Ditto Scrip (20 paid)
York and North Midland (50 paid)

4. FUNDS.
Portuguese, 5 per cent.
Ditto, New Ditto
Prussian, 5 per cent.
Russian, spm cent —
Ditto, Metallic —
Spanish, 5 per cent. 174
Ditto, Deferred.... .
French, 5 per cent. —f. —e.
Exchange
French, 3 percent —f. —c.
Dutch, 4 per cent... 5:21
Ditto, 5 per cent. .. 100}

GREAT NORTH OF ENGLAND RAILWAY
Traffic returns for the week ending Oct. 29, 1842
Passengers .. •• • £B73 7 6
. Merchandise 503 5 10

£1,376 13 4

Corresponding week last year ...X1,4‘16 5 4
Darlington, Nov. 2. W. O'BRIEN, Secretary,

naturally strong poin. :ori Ica.
us permanently, and garrisoned by EuroPea oops
tap
these
least in the more elevated part of the country), r, it
troops were able to act at all seasons of the Yea tr
would tend much to the restraint of the Affgha'
wider
such arrangement and protection, Will
lation. The enterprise of the British werell3uts' t v•ai
pioneer the ~ich
for the introduction of civil and religious liberty, wl i,
at present is making rapid progress in our East Ita:,.
the stronghold;
possessions. Nothing but our occuKing
—the Gibraltars and Maltas of Affgbanistan-01,
making them equally formidable, will convince the Ad
ghans that it is utterly out of their power successfullY it
oppose us, even were they assisted by any other Yohe
or Powers whatever.
subject in
Mr. Wise concludes his remarks on thi3
ettle
these words, in which we fully concur, only regr °its
that the Great Duke was so unfortunate in his
of a Governor-General : r f h.°
It is fortunate for this country that the Ili.°
till° the
Grace, the Duke of Wellington, has been sPare"' - pl
occasion has arisen for taking decisive steps in these
mentous questions. cals,
Of the dispute with China he takes the Mme'
:udicious an,d practical view ; and on considering Ile
question in all its bearings, he anticipates that
to,
war, if conducted with energy, will ultirnatelYrrai,
duce a solid peace, highly beneficial to Great 13r"iiir.
to British India, and to China itself. As we have he
quently contended, one great ob;ect should ever jib
kept in view in the settlement of our disputes WOO 6
China, namely—the opening of commercial relatieet
with that country, and thereby affording eltiPl°):o9.
to our cotton, woollen, and hardware roanufnci
to j
The trade to China is capable of great extensi°n: ter
if we can succeed in opening up a more free i° 0,0
'th thi lrth-eastern -arts of the empireA
SO"

THE PRINCESS AUGUSTA.--It is expected that the
marriage of her Royal Highness the Princess Augusta
of Cambridge with his Royal Highness the Heredi-
tary Grand Duke of Mecklenburgh Strelitz, will be
solemnised very shortly. Her Majesty's consent to
the nuptials having been obtained in due form at the
Privy Council on Wednesday, the necessary State
document has had the Great Seal of England attached
to it.
Lady Seymour arrived in town yesterday, having
had a splendid passage in the General Steam Naviga-
tion Company's steam-ship Wilberforce, Captain Jon
Stranack, of only eighteen hours, from Antwerp.
The Wilberforce left Blackwall again yesterday, with
Sir Peregrine Maitland and family on board.
THE LORD CHANCELLOR.—His Lordship sat in the
Court of Chancery yesterday for the first time
since the long vacation, and we are exceedingly happy
in being able to announce that the Noble and. Learned
Lord has nearly regained his usual good state of
health. The Chancellor has been suffering under
severe indisposition, but for the last three weeks his
medical attendants have not considered it necessary
to continue their visits, and his Lordship has resumed
his regular diet. We may also state, and we can do
so confidently,,, that there is no founClatien whatever.
for the reports which have appeared in the news-
papers relating to his Lordship's intention of resign-
ing the Great Seal. This announcement will give
great satisfaction, not only to Counsel practising in
the Court over which the Noble and Learned Lord so
ably presides, but to the Bar generally.
THE TARIFF AGAIN.--AtCleobury Mortimer great
pig fair on 'Wednesday, Sir Robert Peel received the
blessings of the farmers in terms both " loud and
deep," the falling off in the price of all kinds of stock
being so great as not only to astonish but almost to
terrify them.—Worcestershire Chronicle.

I a
courseufawctiud woollens
-reAe ll
andcottons o
of York'phire,, At
Lancashire could be sold there, to pay a fair PrSca
a
islands
a manyv3,njalunn
rid:
,lci
done
onr
nrs
carry
fboyn
athepeople,
sixtrade
such price one-third less than the Chinese can PT,dof
articles. We should thus secure the ol°tiii'—tile
the
i in the East, which would greatly counterbao' r,
pose Mr. Wise proposes that a few freeFdoeprottshisslrutolj•
give i vn:e.
i‘nvt new
htwa
theill.iiffes
tariffs. For
vast
th the
et ng
ie
071
and
be established along the sea coast, on the Prlll°°
ries of the mainland, and more especially o°l°
on th,e ose
of the great artery of China, the river
re' tisilich
Kiang,i on the principle adopted at SingaP°re' 0,1h..05,
iawnsou thed
sceetittlaeimn
el yn
tatextend a
to
puira geee nhearsal extendedtrade
Archipelago. We may here renhe
othpaiuttmitlleie,
affair and
acquits the English of all blaae —had
ruler:
having
and believes the Tartar
made up their minds to break with lls' 3 The
t ir : r.. tearrs)e,s,
chosen.the opium question for that porr,,l.e. who°
of
fo
the river ,
empireof
accountsT which he gives of the sea coast of '-'3l/ bich
otlfletireaPretiwore than a of
thousand miles of the country around rekinit 311 the
almostevery gulf, promontory, and island along v,,e,
Yanfgortse ICiag.'
V bv°
extensive coast, possesses great interest; an the
therefore, cordially recommend the little work t°
one
attention of our readers. We have room for °abra. it
extract more, but it is rather an important ollei.-itie-
, satis
contains a plan for bringing the dispute to
tory conclusion. Ay onli
I presume (says Mr. Wise), in conalusion, --- , of
course left us, as holding out any reasonable PiPsatiog
obtaining a satisfactory settlement, and a solid .8,,,,;0 a
deter7a:a
peace, is to prosecute the war with the most
vigour, by sending to China,•frotta Englund, a 112Y,11„ lit
military force of healthy, strong, fresh Engli,l'3l:t I
and powerful enough to act at all seasons, in an Pa" etc:
China (the Indian born forces will do very wlt 10 lee
China, but north China is too cold for them), t° 'the
and take possession of such a number of Points °3 the
coasts, islands, and rivers of China, as will give. ti:ives
command of the mouths of all the geat' : of
of China ; of all the islands on the coast,;i
15
the traffic. on the imperial canal and It'allgt3e I :jos
river, and of the principal sea -coast cities; suck 13 -..,,,,,
and pmantivoi3";•:,
being selected as we can securely
hold, mainly by a sea force,
. 't,!.. ,vncit
enemy whatever, &out any country ; .-i-- ~,.. a
to proceed to Pckin, amt tender the Enipo,,,,
treaty of peace, by which lic• is to taalo 2'41
j, 0
for the national insults inflicLed upon us at pap(-4'l,t:'lces,
ceding to us in perpetuity, such islands, ports, tir` iol
as we may have Lelected. and captu.yed, to.get,h3..c way
territory which shill product: such a revenue ,!,,:: .targe
judge Will support a naval anti islUitary for'',.',
__ent
enough to protect ourselves, and entbreo tim filliit!,:aye
against. all and • .7,
of the treaty (for the Chinese Nvill bi•,:alt it if weo
flor a
them-the power) ;by concediyg to us a resitleac..ll to; ft
I3fitish ambassador at the Court of Veldt' (1-tts'4o;,,g
representative there) ;—a treaty. of e'ameree' "ts --d
clearly the duties to be levied in.Cnina uti.iinporia',;
exports ;—a dissolution and extinction of the e°;e:,ol7tl
a full opening to us o'-' certain points in Chi.nard,,)„ff 1
th(r`e CVO, li flt 1.1 f ... • ii., ~•.ri, ". `l. dernnified
commerce ; by which treaty we .are t.) be „'ll,, opiuill
for the expenses of the war,
and the cust Of !,g'"
destroyed, in cash down at once.

..stun