The mode varies among stanzas, but especially at the start the tune seems related to "Seventeen Next Sunday" - whose theme is vaguely similar, if much less sociopathic. "The Gypsy Davy" might also be an influence.

It rather resembles the tune in Eliot's "The Cocktail Party." Eliot gives only the first stanza (involving "a little Dutch inn") and the chorus - which is a bit like Moody's but not much like the one familiar today.