The Sun.
London, England, 1842-04-22 00:00:00

MARKET INTELLIGENCE.

(From the London New Price Current of April 22.)
SUGAR.—The scanty supply of West India Muscovadoes
Sugar has operated materially against business this week.
Ts-day several enquiries prevailed for both grocery and re-
fining purposes, and the prices offered were fully equal to those
of yesterday; but the scanty supply prevented the execution of
several orders; the purchases for the week are 800 hhds and
trcs, and the prices fully 6d higher than those of last Friday.
REFINED.—For Refined Sugar full rates have been paid.
Bastards, fine at 56s to 60s, good 53s to 555, low to mid 44s to
52s per cwt. Pieces, common 61s to 645, mid 65s to 675, good
to fine 68s to 75s per cwt. Treacle, common at 275, patent
ord 28s to 28s 6d, good 29s to 30, best old make 295, golden
syrup 30s 6d to 335. Bonded Crushed Sugar of first quality,
at 28s 6d per cwt. Dutch Cruched Sugar at 26s on board in
Holland, but there are no buyers.
MAURITIUS.—The trade have been free buyers of both
brown and yellow descriptions, and prices have advanced 6d for
good and fine yellow sorts, and is per cwt for all other kinds.
EAST INDIA.—This afternoon the demand was tgood for
Bengal Sugar, at auction, 4580 bags. 141 puns were offered
and all disposed of at very full rates; low white went at 633 6d,
middling 68s 6d, good dry bright yellow 67s to 67s 6d, good
middling 65s to 65s 6d, middling 61s to 61s 6d, sound brown
43s to 54s 6d, damp '47s to 48s, low [damp yellow 50s to 535,
fair 56s 6d to 575, damp white 53s to 64s 6d per cwt.':
FOREIGN.—Holders of yellow Havannah have submitted to
rather lower rates. Prices have been sustained for white
Brazil.

COCOA.—British Plantation, prices have declined Is per
cwt ; red Trinidad at 373 6d to 38s 6d, mid to good 40s to
445 6d, and low St. Lucia 32s 6d per cwt. Guavaquil 34s to
355 per cwt.

TEA.—To-day there was little business transacted in the
Tea market, it being expected that large public sales will be
shortly declared caused the trade to buy with caution ; but
holders were firm, and obtained full rates ; Company's Congou
is lOid cash, and ord good common Free Trade is 9id to
Is 10d per lb.
Rum, BRANDY, AND HoLtANns.—For East India Rum,
both for home consumption and export, very full rates have
been paid ; Calcutta, at the high duty at is. 6d, and at the low
duty Is 8d to is 9id per gallon. Jamaica, at 4s 6d to 4s ad for
30 per cent. over proof of fair quality. Leeward Island Rum
proof at 2s 4d, 3t050. P. 2s 5d to 2s 6d por gallon. Cog-
nac first brands of the vintage of 1836, hhds at 5s 7d, puns
Si 5d ; 1887, hhds 5s 3d, puns 5s Id ; 1838, hhds 5s ld, puns
4s lld ; do 1839, hhds 4s 6d, puns 4s 4d ; do 1840, hhds
3s I Id, puns 3s 8d per gallon ; prices for new sorts rule 4d to
6d per gallon below what it costs to import. Geneva common
2s per gallon. British Corn Spirits at 95 8d pe. gallon, cash.
COFFEE.—There has been less demand for British Planta-
tion Coffee this week, and the market has presented a quiet
aspect, which may be principally ascribed to the uncertainty
that exists with respect to the Coffee duties ; although the
supply is small, prices have suffered a decline of Is to 2s per cwt:
This afternoon Coffee met with more attention from the home
trade, but for exportation the demand is dull ; the public sales
consisted of 970 bags Dutch Company's Java via Cape, 2635
bags 72 brls St. Domingo, via Cape, 394 bags Coffee, from
Singapore, 299 bales 21 cases 202 jambiers Mocha ; Jata,
however all sold at full rates, viz.—good fair greenisb at
50s to 51, good ord yellowish 51b to 51s 6d; St. Domingo of
sound quality was all taken in at lower rates, good ord pale at
36s to 375, fine ord colory 40s to 44s 6d; Sumatra went at 30s
to 3ls for ordinary and good ord ; Mysore good erd 40s, fine
bold green 52s 6d to 54s 6d ; Mocha went at full rates, good
middling yellowish at 105 s, good middling greenish 102 s to
103 s, very foul ungarbled 48s to 52s per cwt.
SPICES.—This afternoon the public sales consisted of 519
bags 200 pockets East India Ginger ; 230 bags black and 77
bags white Pepper; Ginger went at 16s 6d to 17s for good
middling ; Bengal and ord Malabar at lss ; Pepper realised
2d for fair Sumatra, and white bi to 6d for ord to mid.
RlCE.—This afternoon the large quantity of 9,500 bags Ben-
gal Rice were ofiered at auction 12 tons Paddy were also put
up; the former all sold, and at an advance of 3d per cwt.—
good mid white fetched lOs to 105 6d, mid 9s 6d to 10s, and
yellow 7s 6d to 8s per cwt. ; the latter fetched 201. per ton.

IMPERIAL PARLIAMENT.
(THIS EVENING.)

HOUSE OF LORDS.
ROYAL ASSENTS.

The Royal Assent was this day given by Commission
to the following Bills :—The Exchequer Bill, Frauds
Bill ; the Consolidated Fund Bill ; the Mutiny Bill ;
the Marine Mutiny Bill ; the Indemnity Bill ; the
Midland Counties Railway Bill ; the South Eastern
Railway Bill ; the Brandling Junction Railway Bill ;
the Woodside Ferry Road Bill ; the Bradford Water-
Works Bill ; the Staleybridge Gas Bill ; the Wind-
sor Bridge Bill ; the Duke of Bedford's Estate Bill ;
the Bristol Boundary Bill; the Manchester Royal Infir-
mary Bill; the Stirling and Dumbarton Road-Bill; the
Cheyne Inclosure Bill; the Stapleton Inclosure Bill; the
Cottenham Inclosure Bill; Bunsen's Naturalization Bill;
Leiber's Naturalization Bill.

The Lords Commissioners were—The Lord Chan-
cellor, the Duke of Buccleuch, the Lord Keeper of the
Privy Seal, and the Earl of Shaftesbury.
Their Lo;dships then adjourned during pleasure,

The LORD CHANCELLOR took his seat on the Wool-
sack at Five o'Clock.
Several petitions were presented against the Severn
Navigation Bill.
Lord WHARNCLIFFE presented petitions in favour
of the new tariff.
Lord HATHERTON presented a petition from the
Worcester Chamber of Commerce in favour of the Se-
vern Navigation Bill.
SPIRIT DUTY (IRELAND) BILL.
The Duke pf WELLINGTON moved the third read-
ing of the Spirit Duty (Ireland) Bill.
`..The Bishop of DAIRY objected to the Bill, because
he thought the placing of a Duty on Spirits, would have
the .effect of reviving the system of illicit Distillation.
LG rd MONTEAGLE said he did not believe that
there was any article which could be more legitimately
taxed. than spirits, and a wise government should go as
far as they could without encouraging smuggling. Ile
thought that this measure would be attended with a loss
to the revenue. It was a most extraordinary fact that,
in the course of 20 years, there had been six different
calc'ilatons of duty, and in every one of them it nas
stated that, where the amount of duty had been aug-
mented, the quantity of spirits which had paid
duty had been reduced ; and when the duty
had been diminished, the quantity increased. The total
amount of duty which would have to be paid on spirits
in Ireland amounted to no less than 150 per. cent. on the
value of the article, and that at a time when the Govern-
ment was claiming the praise of the public by intro-
ducing a new tariff with a diminution of duties:
In Derry and the North of Ireland steps were
already in progress for the purpose of profiting by this
very law. In Mayo, it was stated that this proposed ad-
dition of Is. had given quite an impulse to illicit distilla-
tion. He (Lord' M.) did not like to turn prophet, but
judging from past experience, he would say that it was
quite certain that the expectations of Government would
be disappointed with respect to the produce of this tax
amounting to 250,0001. There were two points in the
Bill which he considered most unjust in themselves.
The Commissioners of Inquiry in the year 1823,
and again in the year 1834, recommended the en-
couragement of the distillatien in Ireland of
pure malt liquor ; and the Government allowed a
drawback (,f Bd. in the gallon in the duty on such spirits.
That diminution of duty it was now proposed to ,with-
draw ; and he believed the result of the change would be
mast injurious to. the Irish distiller. Again, he com-
plained that while the duty at present attached from and
:aftex the date of the passing of the Resolutions of the
House of Commons, it was now proposed for. the first
time that the duty should attach on and after the date of
-the ResOlutions. The measure might thus be said to
:have, contrary to all former precedent, a retrospective
effect. But he objected more especially to the measure
on the ground of its demoralising effects, and from a
conviction that the expectations of an increase of revenue
would not be fulfilled. He should certainly, therefore,
say " not content " to the resolution.
The Earl of RIPON said that he should regret as
much as any one to see an increase or a revival of illicit
-distillation in Ireland ; but he bad reason to be-
lieve that his Noble Friend's apprehension upon
that • subject, would not be realised. The officers
at the head of the revenue in Ireland had com-
municated to the Government their belief that after
the proposed alteration they should be enabled effec-
tually to enforce the law. His Noble Friend complained
that the Scotch distiller exporting spirits to the United
States received a drawback of Bd. a gallon, while the
Irish distiller would receive more ; this was certainly
a hardship, and the Government would take measures
to put the distillers of both countries on a level. He saw
no other objection, and therefore he 'aped their Lord-
ships would pass the Bill.
The Earl of WICKLOW was astonished that the
Government having had, in the persons of the Prime
Minister, the Chancellor of the Exchequer, and the
:Board of Control. Such extensive official experience of
.Ireland, should now be disposed to risk the morality and
:happiness of the people of that country, for the sake of
;so paltry an advantage to the revenue.
(LEFT SPEARING.)