The Sun.
London, England, 1842-05-25 00:00:00

MARKET 1N TELLIGENCE,

( From the London. New Price Current of May 24.)

&GAIL—The demand for West India Mnscovadoes Sugar
has been extensive for both grocery and refining purposes since
our last report. To-day the British Plantation Sugar market
presented a firm appearance; the demand was extensive for all
descriptions both for scale and pan, and the prices paid were fully
equal to those of Friday for all sorts ; the quantity sold, includ-
ing the public sales, amounted to 1,850 hhds and tierces.
Jamaica good brown realized 61s, low yellow, 62s 6d, mid 645,
good bright, 665, Antigua low greyish yellow 62s 6d per cwt.
The market closed with a healthy aspect.
There were two public sales, one of 147 hhds New Barbadoes,
and the other 199 hhds, 13 trs, 257 brls St. Lucia; the former
went at last sales rates for the lower kinds, but good sorts went
rather cheaper ; Ihe sale however averaged previous rates, fine
bright yellow sold at 67s 6d to 68s, good 66s to 675, mid 64s 6d
to 65s 6d, low mid, of a greyish complexion 63s to 645; the
latter realized full rates, and all sold ; good yellow at 64s 6d to
65s 6d, mid 62s 6d to 645, low mid greyish yellow 60s to
61s 6d, fine brown 59s to 60s per cwt.
REFINED. —The home trade have purchased more freely of
pods during the past week, and the supply being small the
Refiners have been enabled to get better prices.
To-day the home trade were free buyers of Refindd Goods
paying advanced rates ; Standard Lumps fetched 82s 6d to 83s,
and brown Lumps, common 80s to 815 6d, good 82s to 825 6d.
Treacle was in good request at 26s 6d to 325. Bastards and
Pieces were taken more freely. Bonded Crnshed Sugar mov ed
off slowly at 27s 9d to 28s per cwt.
M.sußrrtus.—This afternoon the public sales were well at-
tended; the quantity offered was large, amounting to 9,130
bags,l cask ; the trade were desirous to purchase, and the
whole sold at full prices, good and fine yellow at 63s to 675,
middling 60s to 62s 6d, low 59s to 59s 6d, good fine brawn 57s
to 58s 6d per cwt.
EAST INDlA.—White Bengal Sugar has been in brisk re-
quest, and full rates have been paid; fine white at 66s to 695,
good 65s to 655:6d, raid 63s 6d to 645, low dingy 62s 6d to
635, good strong bright yellow 64s 6d to 655; mid 62s to 63s
6d, damp brown 44s 6d to 49s 6d ; Manilla has been taken
sparingly, and prices barely sustained ; Java brown at 15s to
17s, and grey with strength at' 17s to 19s 6sl per cwt ; Siam
white at 1 ills to 235, brown and yellow 15s to 17s fid per cwt.
This afternoon Bengal was in good request, middling and good
yellow at 64s to 665, mid to fine white 64s to 68s 6d per cwt.
FOREIGN. —This afternoon there were few buyers of Ha-
vannak or Brazil ; at auction 146 hhds of Foreign Muscovadoes,
and 507 boxes Havznnah were offered, the former taken in at
19s 6d to 20s for good mid yellowish, and mid 18s; the latter
went at lower prices, goad mid white at 275, mid 255, low to
fair yellow 17s to 19s, and ord soft grey 16s 6d per cwt.
MOLASSES.—This afternoon 86 casks Bengal Molasses, and
30 casks Jaggery, were offered at auction the former sold at
20s, and the latter at 40s 6d per cwt.
Cocoa.—This afternoon the demand was limited for West
India, and 421 bags Trinidad at auction went at a decline of 3s
to 4s per cwt ; low to good red selling at 33s 6d to 37s 6d per cwt.
COFFEE.—Since Tuesday last all clean descriptions of West
India Coffee have been in good request, and have commanded
full rates ; but unclean kinds have moved off slowly 2s to 3s
lower. • Holders of Foreign have been desirous to realise, and
have submitted to a reduction on former rates.

This afternoon the home trade were buyers to a small extent
only of Coffee. Some parcels of St. Domingo and Brazil were
taken privately by the shippers The public sales consisted of 37
bales Mocha, 269 bags Java, 231 trcs new Jamaica, and 80 csks
various sorts of West India. Mocha was sold at 78s to 80s for
tine ord yellowish, being 2s cheaper. Java was damaged and
taken in at 49s to 50s, and good ord sound Batavia at 435. West
India moved off slowly at 2s to 3s decline, Jamaica, low raid-
<llin.b and middling selling at 105 s 6d to 117 s, fine fine ordinary
995, tine ordinary 86s 6d, ordinary to good ordinary 56s 6d to
61s. Dominica middling 95s per cwt.
Tita.—Today there was scarcely any business transacted in
the Tea market, the trade waiting for the public sales ; is 6&d
to Is 8d is the value of low to good corn Congou cash. The
prices of Tea are on a par with those of last year at this period.
SPICES.—This afternoon the demand was active for black
Pepper, and 2,650 robins Malabar at auction were all sold at
full rates ; good fair clean fetched 3ad, and mixed 3d to Sad
per lb.
Run. BRANDY, AND HOLLANDS.—LeeWardS Island Rum
is not offered on lower terms, proof at 2s 31d to 2s 4d, 2 to 3
per cent overproof 2s 4-id to 2s sd, 10 to 15 over 2s 6d to 2s Bd,
and 17 to 20 over 2s 9d to 2s 10d ; Jamaica 30 to 33 per cent
overproof 4s 3d to 4s 5d ; of higher strengths good mid and
good quality 4s 6d to 5s Id per gallon. E. 1. Rum proof at the
high duty at Is 6d to Is 6id, mutat the low duty I s 70 to Is 10d
per gallon. In Mauritius or strong Demerara nothing done.
The Brandy market has been in a quiet, }Fate—Cognac first
brands of the vintage of 1837, hhds at 55 2d, puns 5s ; de
• 1838, hhds ss, puns 4s 10d ; do 18.39, hhds 4s sd, puns 4s 3d;
do 1840, hhds 3s I Id, puns 3s 9d per gallon, Geneva at Is
lid to 2s per gallon. British Corn Spirits•at lOs per gallon,
cash. To-day there were few buyers of Rum, and lower rates
were accepted for Leewards—proof selling at 2s 24 to 2i 3d,
and Calcutta without certificate at is 6d. In Brandy of vin-
tage 1840 there was rather more business transacted, at 3s 9d
and 3s lld per gallon.
RlCE.—This afternoon the demand was steady for Bengal,

the; large quantity of 8,916 bags was offered at auction, a third
part consisted of white, which found purchasers at prices equal
to those of last week ; mid white fetching 9s 6d to 10s ; the re.
mainder was good cargo, and was taken in at Bs. per cwt, the
full value.

INDttlo.—The market for East India remains firm, and a
fair business has been transacted in Bengal for exportation at
prices 3d to 4d per lb above those of the last quarterly sale.
TA LLow.—Holders of Russian Tallow are hrm on the spot,
buyers have been compelled to pay 47s 9d to 48s for P. Y.
Candle. For delivery in the last three months of the year
48s 9d to 495, are required, but there are few buyers at 40s to
.16s 6d for low to fine quality. Town Tallow has advanced,
46s to 46s 6d paid for large parcels, nett cash.
OILS.—In Olive Oil holders are firm ; Spanish at 55:, Gal-
lipoli 60/, and Barbary 541 to b4l lOs per tun. Linseed Oil
on the spot at 33s 3d to 33s 6d. For delivery contracts at :356
for September, and at 33s towards the close of the year. Rape,
pale, has been selling at 475, and brown 46s to 46s 6d per cwt.
Palm, first quality, selling at 321 to 32/ lOs per tun. Cocoa
Nut, Oil at 40s to 41s 6d per cwt. Pale Seal at 371 15s to 381,
and Cod at 31i lOs to 32/ per tun. Southern at 281 to 33/ Iss
for low dark to fine pale quality. Sperm at 751 lOs to 76/ for
fine British. 20 tuns at auction went at 75/ lOs per tun. 9
casks Ground Nut at public sale went at 46sper cwt.

INCOME TAX.

filE SUN, LONDON, WEDNESDAY EVENING, MAY 25, 1842:,

from these two places which he had mentioned, he cer-
tainly did not think that the effect would be very great ;
he thought the difference in the price would be very
small, and certainly it would not affect the agriculturists.
The Duke of RICHMOND said he was opposed to all
prohibitions, but he should like to know on what ground
this alteration had been proposed. his Noble Friend said
that he did not think the proposed alteration would make
meat much cheaper. Why then should this panic be
raised throughout the whole country, if no good were to
result from it ? He knew that in many parts of the
country considerable reductions had been made in. the
wages of labourers, in consequence of the alterations in
the Tariff and the Corn-laws ; and yet they
were told that this change, which had been so
much relied on, would do them no good at' all.
Although he knew that his opinions were of little weight,
he thought it his duty to state his views ; and after the
division which took place in another place, he would re-
commend the farmers not to despair, but to reconcile
themselves to the belief that there was po danger.
Earl FITZWILLIAM did not think it was his
province to attempt to reconcile the difiVrcut parts of the
tariff with one another. But he must say that he heard
with great satisfaction the speech of the Noble Earl op-
posite, and also that of the Noble Duke (Richmond),
who both disclaimed being the advocates of prohibition,
although, in his judgment, what they called protection
was in reality prohibition. Indeed, it was protection
only so far as it was prohibition. He was glad to find it
acknowledged that the farmers had not much to appre-
hend from the reduction of the price of corn, and if that
were true as to corn, it was trite, a firtiori, of cattle. It
was known that France did nut produce enough for her
own consumption, and imported both corn and cattle.
But what did the French graziers do ? • They had the
address to obtain what they called " protection " against
the competition of German cattle. Now mark the recoil
in this case. The effect was to shut out French produce
almost entirely from Germany. He repeated that it
gave him great satisfaction to hear the Noble Lords dis-
claim the doctrine of prohibition.

The Duke of HICIIMOND said he bad never been
an advocate for prohibition, nor for more protection than
was necessary for the English farmer, so long as he was
subjected to taxation from which the farmers of other
countries were exempt.
Lord KINNAIRI) agreed with his Noble Friend (the
Earl Fitzwilliam) in his satisfaction at hearing the Noble
Lord opposite, and the Noble Duke on the cross-
benches, disclaim the advocacy of prohibitory duties.
Indeed, after what he had just heard, he did not despair
to see the Noble Earl opposite bringing in a Bill .to
repeal the Corn-laws altogether.—(Hear, hear, and
much laughter.) In fact, it would not be long before it
would become indispensable to do something of the kind,
for corn was rising up to 80s., and in two or three weeks
it would reach the price that would bring the duty down
to Is. In the meantime the distress of the people was
so great that her Majesty bad been advised to have a
begging letter read in the churches for their relief.
The Earl of RIPON was understood to say he knew
nothing about it.
Lord KINNARD had heard it read in a church in
Yorkshire. It was strange that her Majesty's Ministers
should know nothing about it. However, as there were
various opinions as to the existence and extent of the
distress—some going so far as even to deny that there
was:any distress at all, and the Queen declaring that it
was most piteous and extensive—and as thiit House did
very little business, except passing bad laws and throw-
ing out good ones—he gave notice that on Thursday
week he would move for a Select Committee to inquire
as to the causes and extent of the distress of the people.

The Duke of RICHMOND said he was much surprised
at what his Noble Friend had said ; he remarked that
the only good of this House was in throwing out good
measures and passing bad ones.—(Hear, and laughter.)
He would only refer to one more remark which had
fallen from his Noble Friend. He had heard of the
Scotch farmers not 'being the best in the world, but he
certainly was not aware that they malted their barley
before.—(Laughter.) . He (the Duke of Richmond) was
prepared to vindicate the character of their Lordships'
House, and he did think it would be well if the Noble
Lord Would turn his attention a little more to agricul-
tural pursuit's before he spoke upon the subject.
Lord KINNAIRD explained.
PROPERTY TAX.
The Duke of RICHMOND presented a petition from
the farmers of a place in the county of Ross, praying
that their profits should not be calculated from the
amount of rent which they paid, in arriving at their in-
come fOr the purposes of the property-tax.
Earl FITZWILLIAM said he thought the amount
of rent paid by' the farmers was a very poor criterion by
which to calculate their profits. With regard to wages
falling, to which a Noble Lord had referred a short time
ago, he did not think that was owing to the alteration in
the Corn-laws, but rather to the present state of the ma-
nufactures of the country.
TURNPIKE ROADS (IRELAND) BILL.
On the motion of. Lord REDESDALE this Bill was
read a second time.

THE QUEEN'S BEGGING LETTER.
Lord KINNAIRD gave notice that he should move
for a copy of the letter to which he had before referred.
The Duke of WELLINGTON said he thought the
Noble Lord had better be certain that a letter had been
vti ritten before he moved for it.—(Laughter.)
Lord COLBOItNE said he had heard the letter read
in chapel last Sunday.
The Duke of WELLINGTON said, Very well, he
had no objection to the Noble Lord moving for any let-
ter he pleased.
Lord KINNAIRD then gave notice that he should
move for the production of the letter on Thursday next.
Their Lordships then adjourned.

HOUSE OF COMMONS, May 24.
The SPEAKER took the Chair at Five minutes to Four
o'Clock.
s_ _

Mr. LOCKHART presented a petition from the In-
corporated Trades' Society of Glasgow in favour of the
Property.tax, and expressing approbation of the measure
of the Government.