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COMMERCIAL AND MONEY-MARKET REPORT. THERE is at present, and has been In Cocoa there is but little doing; during the past month, less activity than late sales of British Plantation give 5ls. previously existed in some of our staple to 54s. for Trinidad, and 458. to 478. for manufactures ; it is chiefly in Cotton Granada. that this depression has been apparent, Rum steadily maintains its quotaSilk and the principal branches of the tions, but the amount of business is Woollen manufactures being still in a trifling. very satisfactory state.
In Silk, Wool, and Cotton, the marThe Market for Colonial Produce bas ket for the first is animated; for the an evident tendency to improvement; second, brisk; and for the last, decidedly in Sugar this has decidedly manifested dull. itself within the last fortnight, and TEA. An extensive sale of 50,000 grows necessarily out of the following chests Private Trade Teas commenced concurrent causes-a deficient supply to on the 25th. On the first day, the inarrive from Jamaica, a large diminution ferior descriptions were for the greater of the stock on hand as compared with part taken in ; Boheas, at 11d. to 11d.; last year, and the prospect of a consider- good common Congous, 18.3d. to 18.3}d. able demand for the foreign European better, at 1s. 5 d.; Twankays, ls. 74d. markets. As to the quantity ware- to ls. 9d.; the Hysons and Gunpowders housed here, it consists of 32,200 hhds. were principally sold, a reduction of 3d. and trs. of West India, and 70,800 bags to 4d. per Ib. being submitted to-the of Mauritius, showing a decrease as former, at 28. 6d. to 3s. 2d. ; the latter, compared with the corresponding date at 2s. 10d. to 48. In reply to a question of last year of 6,250 hhds. and trs. of put to the chairman at the sale, as to the former, and 30,500 bags of the lat- whether the Company's stock of Boheas ter. The present quotations are, for would be forced on the market preJamaica, brown to middling, 58s. to viously to the 1st of July next, when 618.; good to fine, 62s. to 648.; Deme. the duty will be raised from Is. 6d. to rara, St. Vincent, &c, brown to mid- 2s. Id. per lb., he said, that although not dling, 56s. to 60s. ; good to fine, 618. to authorized to make an official communi. 63s. The late sales of Barbadoes brought cation, he could take it upon himself to 608. to 64s.; and of Berbice, common state that the Company would pay the low brown, 56s. 6d. to 57s. ; low yellow, present duty previously to that date, 578. 6d.; common grey, 58s. to 58s. 6d. and bring forward their stock at such In Mauritius scarcely anything has been times as should not oppress the market. done of late; East India Sugars are The Company have announced a sale of retained at high prices. 348. to 358. is nearly 50,000 chests of Teas, to comasked for Bengal. In the Foreign Mar. - mence on the 1st September. ket advanced prices have been freely In Indigo there is rather an increased given, but in some instances the prices disposition to do business, with some asked are perfectly extravagant.
small increase of price; the next peIn the Refined Market there is con. riodical sale is fixed for the 20th Octosiderable firmness at higher prices ; 418. ber, and is expected to consist of 5000 and 42s. is obtained for fine crushed, to 6000 chests. and 82s. for lumps ; and there is a con- In the Corn Market, the samples of siderable demand for the home trade. Wheat which now come in from Essex The last gazetted average price of Sugar and Kent are chiefly new, but there is is 11. 155. 2 d. per cwt.
still a good supply of old wheat from There is less animation in the market Suffolk; the trade, however, is dull, for British Plantation Coffee, but some many of the mills being wholly or parsmall sales recently made of Jamaica tially stopped by the want of water. and Demerara brought high prices for
This has occasioned a fall of full ls. per clean descriptions; Jamaica, low mid- quarter during the last fortnight. dling to middling, 100s. to 107s. ; ordi. The accounts from the Hop districts nary to fine ordinary, 90s. to 1018. ; De- are very favourable; picking has almerara, fine ordinary to low_middling, ready commenced, and some new Hops 96s. 6. to 998. In East India and will be in the market before the comForeign Coffee some large sales have mencement of September. The duty is been made at improved prices ; Ceylon, estimated at 225,0001. 63s. 6d. to 658. ; good to fine ordinary The Market for English Securities Brazil, 54s. to 555.; St. Domingo, at 558. has suffered some depression since the early part of the month; principally Mexican, 1 per cent ; and Peruvian from a limitation of the amount of about 4 per cent. money in circulation, in consequence of The closing prices of the 25th are the payment of the heavy instalment of subjoined :10 per cent. on the loan for 15,000,0001.;
ENGLISH FUXDS. although the Bank has considerably al. leviated the pressure by anticipating by
Bank Stock, 214 15—Three per cent. a month their periodical advances on
Reduced, 897 90—Three per cent. ConCommercial and Exchequer Bills, and
sols, 894 1-Three and a Half per Cent. further by adopting the unusual course
Reduced, 9879—Three and a Half per of making advances upon Stock. Consols
Cent. New, 98} -Long Annuities, are now about 1 per cent. lower than at
1860, 161 1-India Stock, 252} 34 the commencement of the month; and
India Bonds, 5 7–Exchequer Bills, 20 Omnium, which on being issued rose
22—Consols for Account, 891 1-Ditto
Omnium, 2 1: rapidly to 3 per cent. premium, has now fallen below 2 per cent.
SHARES. · It is, however, in the Foreign Market, Anglo-Mexican, 6 7—Bolanos, 120 and chiefly in Spanish Securities, that 125— Brazilian, Imperial, 32 4— Ditto the depression has been of a serious cha
D'El Rey,56– Canada, 3451-Colomracter. The diminution of the circula.
bian, 12 13—Real Del Monte, 18 20 tion would of course be sensibly felt in - United Mexican, 5 }. every description; but the disturbances which have broken out in various parts of Spain, and latterly in the capital it- Belgian, 5 per cent. 100 Braziself, have had a ruinous effect on her lian, 1824, 5 per cent. 86 Chilian, 6 funds. Cortes Bonds, at the beginning per cent. 36 8—Colombian, 1824, 6 of the month, were about 50, and Scrip per cent. 30 11-Danish, 3 per cent. at a discount of 10; recently, the Bonds 761 7-Dutch, 24 per cent. 531 -have been at 36, and the discount on Ditto, 5 per cent. 101 4-Mexican, 6 Scrip 23; the tranquillization of Madrid per cent. 35 6-Peruvian, 6 per cent. has, however, improved them to the ex- 25 7–Portuguese, 3 per cent. 551 tent of about 4 per cent. During the Ditto Regency, 5 per cent. 86 month of August, Portuguese Bonds Russian 01. sterling, 5 per cent. 109 have fallen about 5 per cent. ; Chilian, -Spanish, 1821, 5 per cent. 40 6 per cent. ; Colombian, 5 per cent.; Ditto, 1835, Scrip, 5 per cent. 19% *
GREAT BRITAIN. July 27.-Several petitions were presented on the subject of the Municipal Corporations' Bill. A long discussion took place between the Duke of Newcastle and Lord Brougham respecting the measure. His Grace complained that it interfered with the King's prerogative, and that the Commission, promoting what was called the inquiry, was not legal. The Noble Lord maintained that it was framed on the principle of all previous Commissions.
July 28.- Lord Strangford presented a petition from Coventry, praying to be heard by counsel against the Municipal Corporations' Bill. The petition led to a long conversation, in which Lords Brougham and Plunket suggested that there might be two counsel heard for all the Corporations, those parties now in town from the several Corporations agreeing as to the counsel who should be selected. This was eventually agreed to, and the Bill was read a second time.
July 30.-On the presentation of petitions respecting the Municipal Corporations' Bill, Lord Brougham denied that he was exposed to the charge of delaying the Bill because he had sanctioned the hearing of Counsel. His object in doing so was to save time.-The Marquess of Londonderry gave notice, that he should bring forward the conduct of Don Carlos in ordering certain marines to be shot.-In pursuance of the arrangement previously made, Counsel were then called to the bar, to be heard against the Corporations' Bill on behalf of sundry corporations. Sir C. Wetherell addressed their Lordships at great length, condemning the Bill as altogether democratic, republican, and radical in its principles. He proceeded till near ten o'clock, when he retired on account of the extreme heat; and he afterwards, through Lord Kenyon, begged the indulgence of their Lordships till the next day, as he was too exhausted to proceed.
July 31.-After the presentation of several petitions against the Municipal Corporations' Bill
, Sir C. Wetherell appeared at the bar, and renewed his address against the provisions of the Bill; after which he was followed by Mr. Knight.
August 1.--Their Lordships met to hear Counsel on the Municipal Corporations' Bill.--Mr. Knight resumed his address, and at great length argued against the general principles of the Bill. At the conclusion of his speech Sir C. Wetherell made a claim to have witnesses heard at the bar, to which Lord Brougham objected.—The Earl of Winchilsea implored Viscount Melbourne, in regard to his own character and that of his colleagues, and for the salvation of the country, to ponder well as to what he would do. The House was placed in such a position as it never had been before, and for the honour of England let them abandon the Bill, and he would give his utmost support to a Parliamentary Committee. If the Peers ever consented to a Bill of that kind, he would think it a shame to belong to them.-Lord Melbourne said, on Monday he would undoubtedly move that the Bill be committed.-Lord Winchilsea stated that he should then move, and divide the House, upon an Address to the Crown for copies of any further instructions given to the Commissioners other than were before the House.--The Duke of Newcastle asked whether the Noble Viscount did not mean to hear the offered evidence ?- Lord Melbourne replied in the negative.—The Duke of Newcastle said this was the most arbitrary proceeding which he had ever known. The Bill was so atrocious, as far as regarded the liberty of the country, that he had no hesitation in saying that the Ministers of the King were liable to impeachment, and if no other Noble Lord would undertake that task he would do so.
August 3.-Lord Melbourne rose to move the order of the day for resolving into Committee on the Municipal Corporations' Bill, and proceeded to address the House, having first proclaimed himself tired of the political differences which had prevailed during the last five years. He alluded to the manner in which the present Bill had been passed by the Commons, without any change or amendment of the least importance in any of its provisions ; but he did not anticipate that their Lordships would be as ready to agree either in the existence of the evil or the justice of the remedy. The Noble Lord then entered into a description of the principle upon which the Bill was founded, and concluded by moving that the House resolve itself into a Committee on the Bill.—The Earl of Carnarvon, after a speech in which he deprecated the Bill as an unjust interference with political rights, moved as an amendment, “ That evidence be taken a: the bar of this House in support of the allegations of the several petitions praying to be heard against the Bill, before the House be put into a Committee of the whole House on the said Bill.”—The Earl of Winchilsea contended that the Noble Viscount at the head of the Government should lay before the House every tittle of evidence given to the Commissioners. He was a friend to municipal reform, but this measure was so unconstitutional that he could not give it his support. It was a violation of the right of property.-Lord Brougham spoke strongly in favour of the mea
Sure, and Lord Lyndhurst against it. A long debate ensued, after which a division took place, the result of which was—for the original motion, 54; for the amendment to hear evidence, 124.
Aug. 4.- The Lords met at eleven o'clock, to hear evidence against the Municipal Corporations' Bill. Several witnesses were examined regarding the Corporations of Coventry, Oxford, Grantham, &c.—Lord Melbourne (in consequence of some inquiry as to what he should do with a particular petition) repeated his protest against the present proceeding on principle --stating that he had bowed to the majority—that he had submitted—but that he had been coerced into the proceeding.
Aug. 5.—The hearing of evidence at the bar against the Municipal Corporations' Bill was resumed, and witnesses from Bristol and Sandwich were heard.—Their Lordships afterwards proceeded to receive petitions, and to dispose of the other orders of the day. - The Duke of Richmond adverted to the Foreign Newspaper Postage Bill, and observed that it was to be regretted that there had not been some provision made regarding sending newspapers to a short distance from London.
Aug. 6.—Their Lordships were engaged in the examination of witnesses against the Municipal Corporations' Bill from eleven o'clock in the morning to half-past ten at night, with an interval for refreshment of only two hours. The corporations to which the evidence referred were those of Dover, Marlborough, Norwich, Rochester, Henley-upon-Thames, Havering-atte-Bower, and St. Alban's
Aug. 7.—After the presentation of several petitions against the Municipal Corporations' Bill, the examination of witnesses was again resumed. Several Bills on their Lordships' table were advanced a stage.
Aug 8.-Witnesses against the Corporations' Bill were again examined at their Lordships' bar.
Aug. 11.-The Marquis of Clanricarde moved the second reading of the Catholic Marriage Bils. Upon which the House divided, and the numbers were for the motion, 16-against it, 42.
Aug. 12.–Lord Melbourne moved that the House resolve itself into a Committee on the Municipal Corporations' Bill. The Duke of Newcastle moved that the Bill be committed this day six months.—The Earl of Mansfield said he should not resist the commitment.- The Duke of Wellington differed, with regret, from many of his noble friends, but observed that he did not feel himself justified in opposing the Committee.- The Duke of Cumberland said he should not vote at all; if it should go into Committee, he would devote his best attention to the correcting of the Bil.
- The original motion was eventually agreed to, the House resolved into Committee pro forma, after which it resumed, and the Bill was ordered to be recommitted.
Aug. 13.—The Irish Church and the Militia Staff Reduction Bills were brought up from the Commons; the former was ordered to be read a secord time on the 20th inst., the latter on the 14th.—Their Lordships then rsolved into Committee on the Municipal Corporations' Bill.—Lord Lynlhurst moved as an amendment the preservation of the inchoate rights of freemen.—This led to considerable discussion, Lord Melbourne declarirg that he could not sanction it. Their Lordships eventually divided on it. The numbers were—for the original clause, 37; for the amendment, 1:0 -majority against Ministers, 93.-Lord Lyndhurst then moved a new
use, to secure to freemen the right of voting, as was secured to them in the Reform Act, in respect of Members of Parliament. After a short discussion, the gallery was about to be cleared for a division, but Lad Melbourne, who had opposed the amendment, said, as the numbers had so preponderated against him on the former division, he would not trouble
their Lordships to divide.-The amendment was agreed to, as were some other amendments.
Aug. 14.- The Duke of Richmond brought in a Bill to abolish unneces. sary oaths, which was read a first time.-On the motion of Lord Melbourne, the Militia Staff Reduction Bill was read a second time, on the understanding that the debate on the principle of the Bill should be taken on going into Committee on Monday next.—Their Lordships then went into Committee on the Corporations' Bill.
Aug. 16.— Their Lordships having gone into Committee on the Corporations' Bill, Lord Lyndhurst, on clause 25, moved an amendment to the effect that one-fourth of the Councils, or whatever the bodies might be called, should be elected for life.-Lord Brougham and Lord Melbourne, at great length, resisted it, as striking at the foundation of the Bill. The debate occupied the whole of the evening, when the Committee divided. The numbers were-for the original clause, 39; for the amendment, 126; majority against Ministers, 87.
Aug. 17.—The Municipal Corporations' Bill was again considered in Committee. On clause 35 being read, which provides that existing Mayors and Councils shall go out of office, on elections of Councils under this Act, Lord Lyndhurst moved an amendment for their continuance. It led to considerable discussion, but was eventually adopted, as were various other amendments proposed by Lord Lyndhurst.
Aug. 18.— The Duke of Cumberland, on presenting a petition from Trinity College, Dublin, for the support of the church, took the opportunity to contradict statements that had been made of his having countenanced the establishment of Orange Lodges in that University. His Royal Highness stated that he had not countenanced their establishment in any place where it was deemed that they could be prejudicial, nor on any occasion where he had been not applied to.—The Earl of Wicklow inquired whether it was likely, by next Session, there would be a more convenient House for their Lordships to assemble in ?-Lord Duncannon said he could not at present give any positive answer ; it would depend on the decision on inquiries now in progress. When there was a decision the works could be commenced immediately.—The Duke of Richmond thought that it would be better to continue to meet in the present House until the permanent one was prepared, rather than have some thousands expended on a temporary building.
Aug. 19.—On the motion for the third reading of the Limitation of Polls at Elections Bill, the Marquess of Salisbury proposed an amendment that “ two hundred" be substituted instead of the number, who, as the Bill at present stands, might poll at each booth, viz., three hundred. The amendment was negatived without a division.-The Noble Marquess then moved that the oath clause be omitted.—Their Lordships divided, and the amendment was negatived by a majority of 83 to 61.-Clauses 8 and 9 were omitted; the other clauses were agreed to, and the Bill then passed.Lord Melbourne moved the second reading of the Church of Ireland Bill, and supported it at considerable length.- After a long discussion it was read a second time, the Bishop of Exeter giving notice that in the Com. mittee he should move the omission of sundry clauses-namely, those carrying into effect the principle of “ appropriation."
HOUSE OF COMMONS.
July 27.--Mr. S. Crawford moved an address to his Majesty to be pleased to give directions to extend relief to the poor in Mayo; the motion, however, was eventually withdrawn, on the assurance from Lord Morpeth that Government had adopted, and would persevere in all practical and advisable measures to afford relief.-On the question that the