The Sun. — London, England, 1859-03-11 00:00:00

Wry% MONEY MARKET AND CITY NEWS. CITY, Two o'CLocK. The markets for Foreign and Colonial Produce during the last few days have been very inactive, and prices, in some instances, have slighly receded. Tea has been at steady rates, notvvithstanding the extensive sales of damaged goods that have taken place. Coffee, of good quality, brought fully former values, but inferior descriptions were a shade lower. British West India sugar has been in limited demand, chiefly for home consumption, and only the better qualities realised previous rates. Rice continues very dull, and lower prices are now current. Fruit, spices, and saltpetre have been dealt in to a limited extent, at about former rates ; and in tal low there has been scarcely any business reported., P.Y.C. on the spot being dull, at 525. to 525. 3d. per cwt. At the public sales of Foreign and Coloi dal wool there has been rather more ani mation ekving to the improved character of political affairs on the continent, and the quotations realised at the con imencement of the sales have been fully supported.. The Li verpool Cotton Market yesterday closed firmly, and the previous advance was fully sup ported. The sales were estimated at 10,000 bales. On the 'Stock Exchange a fair amount of business was trat isacted in railway shares, and prices were without .any important variation. On the 30th inst. the half.yearly interest is due on the 6 )per cent. and 3 per cent. Chilian Bonds, " and on th e 31st on Danish 3 per Cents. The ap•plications for discount accommodation in Lombard- street continue moderate, and, as lower rates are charged there than at the Bank of Eng land, the authorities of that establishment obtain only a limited share of the bills brought forward for negotiation. The general charge for first-class Paper is 21 per cent., the market having acquired rather more firmness during the last few days. At the Stock Exchange there is still an excessive sup ply, and some difficulty is found in finding bor rowers on Government Stock at or 1 per cent. The Pei iinsular and Oriental Company's steamer Pera, whit :h leaves on the 12th for Bombay, will take out 384,925 in silver. At the 'Bank of England yesterday there were no bullion operations of importance. The dollars brought by the last West India steamer have been disposed of at 601 d. per ounce, showing a decline of id. on the price realised in the early part of last month. A resolution was passed at the Royal Swedish Railway Company to-day to postpone the issue of the new obligations. The usual Half-yearly meeting of the East Anglian Railway Company took place to-day. The report showed a fa lling off in the last six months of £BB9 3s. 7d., arising from the depression in the grain trade zmd the consumption of coals. The gross revenue for the half year was £25,813 15s. 11d., an a the working expenses of the Eastern Counties Company, £11,476 1 ls. ld., leaving a balance of £14,337 4s. 10d., which was devoted to interest on the bondsion A and B stocks; and a Sufficient amount was also apportioned for the C stock at the rate of 6 per cent. per annum. The report was :Ldopted. There has been some variation in the market for Public Securities to-day, but, considering the Movements on the Paris Bourse, the Funds have been better maintained than might have been anticipated. A slight decline has nevertheless taken place, Consols being 96 to 96k- for money, and 94 1 for the account. India Loan Debentures have advanced to 99 and 991-, ; ditto Bonds to 20s. Prem. ; Exchequer Bills are 355. to 38s. prem.; and Long Annuities are marked 1 3-16ths. Several transactions have been recorded in Foreign Securities, and prices remain without any important variation. Turkish 6 per Cents. are 93 to 93k ; ditto, New Loan, 79i to 791 ; and the 4 per Cents. are steady at 103! ; Mexican at 20; Peru. vian 41 per Cents. at 911 ; ditto Uribarren at 84-1-; and ditto Dollar Bonds at 82 ; Spanish 3 per Cents. are firm at 441 to 45 ; ditto Deferred at 301 ; Venezuelan Deferred are flat at 171. The New Austrian Loan is 1 to t dis. Messrs. D. Bell, Son, and Co., give the following 48 the prices of the American Securities : Redeemable. Prices united States 6 per Cents 1867-1868 - - 4 ' lo . 6 per Cent Bonds Alabama 5 per Cent. Bonds - 78 80 Kentucky 6 per Cent. Bonds lB6B-72 90 92 Maryland 5 per Ct. Str. Bonds - 95 97 Uassachusetts 5 per Cent. Str. Bonds . - 103 104 Ohio 6 per Cent. Stock .. 1886 96 98 Pennsylvania 5 per Ct. Stock. - 82 83 Pennsylvania 5 per Ct. Bonds 1877 86 87 Tennessee 6 per Cent. Bonds. Divers 83 85 Virginia 6 per Cent. Bonds .. 1886 84 86 Virginia 5 per Cent. St. Bonds 1888 85 87 Boston 5 per Cent. St. Bonds - 90 92 Illinois Central 7 per Cent. 1875 79 81 Illinois Central 6 per Cent. .. 1875 77 79 Illinois Central 7 per Cent (Freelands) Do. shares, 60 dols. paid Michigan Central 8 per Cent 1869 83 85 Do. do. shares New York Central 6 per Ct , not convertible 1883 85 87 New York Central 7 _per Ct., c on vertible, from June 15, 1857-59 1864 93 95 Do. do. shares 73 75 New York and Erie, 7 per Ct , 3d mortgage New York and Erie 7 per Ct., convertible . 1862 35 37 New York and Erie, 7 per Ct., find 1875 35 37 sinking f Do. do. shares l3 15 Panama 7 per Ct., Ist mort gage Str. Bonds, not cony 1859 100 102 Do. do., Ist. do. In the Railway Share Market there has been rather less buoyancy. Prices, in several instances, having given way about I per cent. on yesterday's quotations. Great Northern, Midland, and North Eastern (Berwick), have declined about ss. ; and Lancashire and Yorkshire, 10s. ; Caledonians and Eastern Counties have improved ss. ; and Brighton and Manchester, Sheffield, and Lincoln, 10s. ; Chester and Holyhead, Great Western, South Western, and North British brought about former rates. - ---- --- The' Foreign lines have been very inactive, and Lombardo-Venetian declined about 10s. for both the old shares and the new. In the Colonial Market, Grand Trunk of Canada have receded to 36 and 364. Great Western of Canada are steady at 161 ; East Indian at 1051 1061, and Great Indian Peninsula at 102+. Joint Stock Bank and Miscellaneous Shares are dull, and show little variation from previous rates. BRITISH FUNDS THIS DAY AT ONE O'CLOCK. 3 per Cent. Consols Annuities Long Annuities, expire sth Jan., 1860 1 3-16 India Stock Ditto Debentures 9 9 .1 Ditto Bonds, £l,OOO Ditto under £l,OOO 20 Consols for Account 961 1 March. June. Exchequer Bills, £l,OOO, 2d. & lid.. 35 8 i Ditto Small, 11d. PRICES OF FOREIGN FUNDS AT ONE O'CLOCK. Mexican 2 per Cent Ditto Account Peruvian 4} per Cent 91/ Ditto (Uribarren), 42 per Cent. Russian, 1822, £ St., 5 per Cent — Ditto 41 per Cent. Spanish 3 per Cent. Ditto Account .. . .................. . Cent 3 M - i Ditto New Deferred, 3 per Turkish 6 per Cent. Ditto Account .................... 93i Ditto New Loan Ditto Account Ditto Guaranteed, 4 per Cent. ........ Ditto Account Venezuelan 5 per Cent. Ditto Deferred Dividends on the above payable in London. Peruvian. Dollar Bonds, 44 per Ct. Ex. 4s. 82 TWO O'CLOCK. Consols, Money 951 6 Consols for Account (April) 96 1 The proceeds of Mr. Spurgeon's Edinburgh Reason have, after paying expenses, amounted to about £475. Of this £220 goes to Mr. Spurgeon's new tabernacle, £l6O to Dr. Begg, and £lO5 to the Young Men's Christian Institute. The speculation has been so remunerative th a t We m a y, after a sufficient time has glided past, have it tried again • but it is hoped that, now that the Edinburgh folks have got their curiosity satisfie d, the y will be more rigid in Judging of the propriety of these sacred exhibitions.-4yr shire Express. FISHERMEN FOR THE CAPE OF GOOD HOPE. Eight or nine men belonging to this district have lately ueell engaged here for service at the Cape of Good Hope as )oatmen and fishermen. They are to be engaged, we be lieve, in boating goods from vessels in the roads to the Shore, and, when without work of that description, as il!ihernien. All the men who have been engaged are mar ried, and take their wives and families with them. They are promised good wages, and have already received ad vances for their outfit and passage.—Ahn o' Groat' Journal. SHARE 'IS DAY.) ,RDINARY SHARES AND STOCKS. Share itailways. Paid. closing I Business Price. Done. I Paid. Closing Business Sh are Railways. Price. 10 [Antwerp & Rotterdam' all 41 55 . 2O lArd , ennes all - - p 12.10 Amb Noerg...tting. Bost., 20 ,Bah.&S.Fran,,Lim.7p.e 3 1. d par' and Eastern JunctimY 10 8 65 5 ;Belgian East. Junction all t 1 5 50 Belfast end Ballymena.. all - - 20 ißeziers to Graissessac all •- -- 13.14 Bir., Wol., and Mr. Val. all 75 85 5 Carmeaux Mine & Rail all 15 25 Stock Birk., Lane., and Chesh. 20 Dutch Rhenioh _ 7 5 31 _ 4_5 7 d p 65 Junction lOO 62 64 6 Eastern of France ...... all . ':65 27} 25 Blackburn 202221222022222000300000005 DNDmoLLLLLG G E ooayouoi atru ae.m. . 1 . c c amkr p arineNdLidriabllseoorcreau&Aca.. arasxoavt6enndnpnneenodstapsmadi Newot rts.hGlntTaLcaaoinie.reujialCcnecan: Valley Turnhout... nk: is. ha nil c e. . aa 2 1 1 5 11 . 25 Blyth and Tyne all 31 33 Stock Bristol and Exeter Stock Caledonian - - Stock Chester and Holyhead 50 Cork and Bandon all - - cerel il e, ‘' i iap.f o a.. u nc l3 . l ..p a . . ... i f . Q . .... aaa a a llu l , l 1 1 1 ___- - -- 5 -- - 1 i p 95 20 Cork, Blkrock,&Passage all - - 20 Cornwall all 5 51 A rcves no 10 Do. A . • all - - until6p.c.per an. {all - 10 Do. B hasbeen pd.toß.all 50 Dublin ar dßelfast June. all - -, i 1....'d 85 85 25 Dun.,Perth & Ab - .Junc. all 6 5 9 3 Stock East Anglian lOO 15 16 16 Northern of France .... all 37 375 Stock Eastern Counties lOO 6 G 61 60 4 5 i 12 - -p, Stock Eastern Union A Stock 100 45 47 10 Norwegian Trunk PIT f. all 85 05 Stock Do. do. B Stock 100 31 33 31 20 Ottoman, glia. 6 per el nt 7 -- - 25 Do.Nw.A.(lte.E.U3ds) 85 - 20 Paris,Lyons, and Me ,lit. all 335 335 25 East Kent all 14 16 20 Paris and Orleans . . all 53 55 Stenk East Lancashire lOO 93 94 20 ( Recife& S. Fran. (1' ern . ) 1 9 4 4 d 20 East Su ff olk - - 1 gua. 7p. et, (Lim.) ... ) ' '-- 10 1. ) 0 - - 20 Riga and Dunaburg..... 4 - -- 10 Rome and Frascati . .. all - - Stock Stock sEddii2o Royal Danish... ' all - - 5 Royal Swedish - - Stocklo Fornlitlii ewe. 1 1 )0 7 1 2 - 7715 2 - 71 27i 100 - - 4 Do. 7 per cent, Pref. - - Furness P I : : e Edinburg and h y , d d Le JunctionGDl u a n s Stock Glasgow & South Westn. lit 95 97 20 Sambre and Meuse..... all 6. 7 10 Great North of Scotland all 10 105 10 Do. 55 per cent. Pref.... all 9 9 Stock Great Northern lOO 1025 103} 102 5 20 Southern of France .... all 20' 21 St oc k Do. do. A Stock lOO 88 90 8 5 West Flanders all 551 Stoc‘ Do. do. B Stock lOO 133 134 10 Do. 55 p. c. Preference . all 9i 9• 4 Stock Gt. South.& Wstn.(lreld) 100 1035 1015 20 W. & N.W. of F rance .. a ll 23 4 24i Stock Great Western - - Stock Do.Str.Vl.Rail Gua.Stk lOO 5 5 57 20 Western of Switzerland all - - , 12 Irish South Eastern all - - 6 Wiesbaden - - 50 Lancaster and Carlisle. all 85 90 , 6 Do 8 per cent. Pref all - - 165 Do. Thirds - - 1613 4 Do. New Thirds l6 12 13 p Stock Lancashire & Yorkshire 100 955 96 95 4 I 16 Do. do. F £l6 6 s l d BRITISH POSSESSIONS. 9 Do. do. £9 shares 7 5 id , 3 Do. West Riding Union } - Share' Railway i Closing I Business Paid. s. 20 Do. Southport - - „ Price. Done. Stock London and Blackwall all 67 69 674 Do.Newiss.at £slosp.sh - 100 i Atlantic &St Lawrence! 1 all 79 81 _ - Stock !.0n.,8ri;, ,, ,ht0n &S.Coast 100 111 112 1125 13 s toc k L o ;ndon & North Westn 100 95 4 96 25 5 65 4 Leased at 6 per cent..) Bom. Baroda& Cent I 1 125 Do. 1 - :.' , :hths i gu. 5 percent . , Stock London:: South-Westn. 100 93 1 . 935 93 1 Do all - - 185 25 L'derry & r oleraine ... all - - 18 Do. Addit. Capital A 6 5 d par 18 Do. Do. B 45 5 d par 45 &,, n r. L i s i ii k l e 0 1 1 e i n n . : l a oo ll - 3 - 8 - 3 - 9 38 i 205 Buffalo and Lake Huron all 7} 75 St 2s ock L ll ' a d n e T rY , Sh & ef. E , 3 2 1 d 10 Ifetropolitan - -• d Stock Midland lOO 77 100 1 Buffillo,Brant.&Godrichi 1 100 85 90 Stock Do. Binning. & Derby. 100 t 6 p. ct. bds. 1 Aug - ., 187 9 ; 50 Slid. Gt. West. (Ireland) all - 100 Do. do. 1 July, 1873, 100 82 86 25 Do.. Shares all - - 190 Do. do. 1 June, 18711 100 80 84 100 Nestle and Carlisle all - - 20 Clcutta.&S.Eastrn.Lim i l. 3.0. Par 5 p 25 New., Aber., & Hererd all 115 12 20 Cape,Eastn. Prov.(Lim.), 2s. - - 10 Newry & Armagh (def ) 9 - 20 Cape Town & Dock Scripl 2s. - - pm 20 Newry, Warpt., & Ros all - - 20 Central Oude (Li m it e d)2s. 6d. - -- Stock Norfolk lOO 60 , 62 , 20 Ceylon Guaranteed 6p.c. 2 5 I p 50 North. Counties Union 35 3 1 1 a 175 Demerara - - Stock North British lOO 59 595 59 k 1 9 20 Eastern Ben,gal.gu.sp.e. 5 } d par Stock Nor.Dev.Rail.&Dk. Stk lOO - Stock East Indian, gu. sp. c.. 100 105 1 0 6 105 5 5 Stock Do.A Stk.- Arec.no div 2O Do. C Shares all - - 120 2 00 0 GeDDDoeOOIO... JubbulporeEShares Ext l5 4 1 p until 6p.c.hasbeenpdß 100 - - ' Stock Do. B Stock - - Stock North-Eastn.--Berwick 100 92 125 925 12 1 4ingr•'•Ce.oriltiposr.aPtaioYn:s96 ) all - - 25 Do. do. G.N.E.Purchase 1613 1 15 li d 20 Geelong& Mel.grua.s p. e. all 19 20 Stock Do. Leeds lOO 46! , 17 461 7 per cent. Bonds StocN Do. York lOO 76 1 76 1 "5 100 - - Stock North London lOO 101 1025 1 0 2 St ock Grand Trunk of' Canada )1 00 36 37 36 10 N. &S.Westn.,Hampstd 100 Do. 6 p.c. Dcben.,pay.'7B all 71 76 75 :5 and City Junction £3 is. - - _ 100 Do. 6 per cent. Pref lOO 92 95 9. 4 20 North Staffordshire.... 175 41 41 d 125 20 Gt.lndiaPenin.gua.sp.c all 1015 1025 102 5 20 North-Western 10 No. & Sou. W. Junction all 7 8 20 Do. do Stock Oxford, Wor.,& Wolver. 100 33 .14 20 c Gt.S.of Ind.Lim.-Scrip 1 2 , . - 10 Peebles all -- - ( guaranteed 5 per cent. ) -- 20 Portsmouth 100 16 10 16 5 5 165 10 Ethymney lO - 205 Do. New Stock Scottish Central Stock scoth. N.E., Aber. Stock 100 26 4 27 5 ( opt. till '6O 84 85 Stock Do. Scottish Mid. Stock 100 100 Do. do. '73 till '6O all 100 105 Stock Shropshire Union 100 46 47 100 Do. do. '73 without opt. all 100 105 10 Sittingbourne & Sheer all 100 Do. 55 p. do. '77 do .. all 96 98 100 3 8 B9 25 d c. Stock South Devon 2O Madras, guar., 45 p. c. all 175 18 185 St o ck South-Eastern 6l 64 100 100 715 125 7 2 20 Do. do. 5 per cent. all 20 2 0 66 Stock South Wales 20 SoutbYorks.&Riv.Dun all 20 Do. Third Ex. gua.s.p.c. 10 ,5 d par 20 Do. do lB - 8 11 Stock wi N M ecß e w l r b al C s oLA o n r acs p nw ia . dp 6 ( ciL p tkl . s:m c s . ch. nr. Bonds' 6edp.aei 1 100 5 20 Do. Fourth do. 20 Staines, Wok., & Wok., all 2.5 stockton & Darlington. all 37 38 25 Do. do. 1854 225 - 25 Do. do. 1855 7 - - 10 - -d 226.0 c NI )D D 000 0 r.. . t h odd d foo o ,.. . n B.dL L i aac a Tn n adr d pa mi t d l od. . a d. . 0:. 1 .10. - _ d - Stockton & Hartlepool 165 - - Stock Ta ff Vale lOO - - Stock Do. Preference, No. 1 - - 25 ThamesHavenDk&Rall 22 - - - Stock Vale of Neath lOO - ( Limited, Scrip Stock Waterford & Kilkenny 100 - - 20 Oude (Limited) - 50 Waterford & Limerick all - - 20 Scinde .„ .41 15 5 1 p 20 West Cornwall 10 W-end Lou. & Cry. Pal. all - - 20 Do. New f.l Q 10 par } p 5 Do.A.-Arecv.nodiv.till 20 Do. Punjaub 7 p.c. has been pd. to B all 2} 3 20 Do. Indus. St. Flo t,cg . 10 5 par 10 5 Do. B all 6 65 20 St. Andrews & Quebec A 18 - - 20 West London - - 10 iTrinidad(Limited)Scrip 1 id par 10 Do. Ist Class all - - 20 Do. 2d Class all - - 11171 , 1 1 TCri Ai TATTI,I Bedford and Bletchley! Buckinghamshire .... Clydesdale Junction.. COlchester, Stour Val. , E. Lincoln shires .6p. c.!, E Union,HarwichShs.' Do. Woodbridge ... I GlB.llll7.6zNeils,Drct.l all is Do. New Gloster& Dean Forest Hartlpool.Dek.&ltall Hull and Selby Do. Sharei Do. Shares London &Greenwich Do. Preference lon.,Tilby.&Soutend Do. Barking Shares Lowestoft, gua. 4p. ct Do. 6 per cent Mane.,Buxtn. & 3tatk.l Midsh.& lledcr, g.6p.c.' Mid.BradfordPrt. Stk. Newmarkt.,TiuryEx 1 guaranteed 5 p. c. j Northn.& Eastn. 5 p.c. Do. do. 6 per cent. Do. Fixed 5 per cent. Preston and Wyre. Do. Shares A ! Itorstn,lliteli..& Shep; SaltotiaGol.g. s p.e. l Shrowshrv& Hereford; South Staffordshire Wear Valley, g. 6 P.C. Do. do. ............. Wilts and Somerset„ Wimbledon& Croydn, Lnac N.W Lnk N.W :Caledonin E.U.SzE C IGt.North. lE.Counts. Caledonin Do. Gt. West 15. 5. G. l i all Yk.N.&B. Yt.N.331..1 Do. 98 100 103 105 17 18 143 145 li 4il 1109 111 Do. S. East Do. Peto &Co Do. Nor_ ol Do. LN W&MI Stk.& Dar Midland . E.Counts Do Do. Do. Share Mines. Share 1000 Anglo-Mexican Mint Atlantic Tel. (Limited). Australian Agricultural Australian Royal Mail .1 Berlin Water Works Do New, issued at R 5 die British Ameriesm Land Brit. & Irish Mag.Tel.A. Do. B, 7 p. C. till 1862.. Do. C Canada Land 13 131 !.20 250 32 34 f I 4 &I 64 65 135 120 S 2 93 109 1 i 54i 92} I 100 10 Stock', (t.c L.Ylc. j 1)o. Gt.Nort h. I Lan.& IA; T ItrasscY I 3PClean .1 'Stk.& Dar fit, West.' i L.&Brg.tn 2} 1! 96 98 i iPI 57 59 1 138 140 11 1 97} 61 m Stock 90 92 8 9 DOCKS. Share !ellan.lalands Cop.3lin.otF: a " g &Smltg Do. Pro f : ere= 7i p er c t ry' 1- cal Palace . Docks. Closing 1 Business Paid Price. , Done. Stock Commercial lOO Stock Do 4 perCent.Pref.Min lOO Stock East and West India._ 100 St ock;London . . StocklSt. Katharine lOO StocklSouthampton lOO Stock 1 Victoria 104 20 )Do New lB Do. Preference Eastern Steam ,Electric Telegraph Eng. & Aust. Cop.St.Co Europ. & Ind.Junct.Tel 1 Europ.&Am.Stm.(Lim ) Gl. Iron ScrewCol.(Lim Gen. Steam Navigation London Discount Lond.Gen. Omnibus Co. Mediter. Electric Teleg. Med. Exten. Tel. (Lim.) National Discount Co Netherlands Land Do do Do 8 p.e.Pref.,i s s. at 1 dis N, Itr. &NovaScotiaL and N. l3 .Australasian (Lim ) North of Europe Steam Oriental Gas Do. New Shares Peel River Land & Min Pen. & Oriental Steam Do. New lnd.. Red Sea & Telegr Rhymney Iron Do. New . Royal Mail . Steam Scot.Austrin. Inv. (Lim ) South Australian Land Submarine Teleg. Scrip Do. do Registered . . ITr. & Ln. Co. of Upr. Can van Diemen' a Land E all all all 158. all all 361 381 19 21 13 15 120 126 9 10 24 25 11 4 5 1100 102 id I p 11 d 1 1 11 l d 5 6 1 I d 1 2 1 1i I I 1 dig par 21 3 84 85i 13 131 p 24 2I P 7 71 62 64 1174 1W74 36k 3n I i 9 U 100} I THE SUN, LONDON, FRIDAY EVENING, MARCH 11,' 1859. THE GOVERNMENT REFORM BILL. GREAT MEETING IN THE CITY-(THIS DAY.) _ _ A public meeting of the citizens of London was held this day, at two o'clock, in the Guildhall, for the purpose of taking into consideration the Re form Bill introduced into Parliament by her Ma jesty's Government. The hall was crowded to suffocation, and hundreds could not obtain admis sion. [We shall give the proceedings in our late edition.] RAILWAY INTELLIGENCE. GRAND TRUNK OF CANADA. The London directors of this - company, with a view to remove an erroneous impression which they believe prevails respecting the present-and future position of the railway, state that the total capital set forth in the original prospectus as necessary to complete the line amounted to £9,500,000. / The sum of £3,111,500 had been raised in bonds of the Province of Canada, the interest on which formed the first claim on the railroad. The remaining capital consists of the debentures and shares of the company. Many circumstances arose, especially connected with the line between Montreal and Portland, which caused an expenditure not origi nally contemplated, and a j unc ti on of 22 mile s in length has also been made between St. Mary's and London; but, on the other hand, the Canadian Legislature liberally consented to forego all claims for interest on the amount of provincial bonds above stated until the original shareholders received 6 per cent. ; and the eastern portion of the line has been curtailed nearly 30 miles, causing a saving of about £250,000. The actual capit a l raised and expended to this date, on which interest is payable, is £8,426,200, which stands in the following order :- Ist, £2,000,000 preference debentures, 6 per cent. ; 2d, £2,144,600 ordinasy debentures, 6 per cent. ; 3d, £1,500,000 7 per cent. debentures; 4th, £2,781,600 consolidated:stock. And authority is to be asked for at the meeting about to be held in Canada to raise the further sum of £1,111,500 by second preference debentures, under the powers granted by the Act of 1858, while sum, with ex isting assets, will be required to pay off present liabilities, and to open the whole line from Sarnia to Quebec and Riviere du Loup and to Portland, a total distance of 1,057 miles, including the Victoria bridge. The cost, therefore, of the railway to the shareholders, equipped with working stock, and including the bridge, will be about £lO,OOO per mile, a sum which the directors consider extremely moderate when it is remembered that all the works will be of the most substantial character, the bridges and viaducts being of stone and iron, that the Vietoria•bridge will cost £1,350,000, and that interest has been paid by the company during the construction of the works to the extent of £1,200,090. The length of the line now open is 880 miles, and by October next the bridge and the extension to Sarnia, of 70 miles, will be ready for traffic ' • and at the same time a railway in the State of Michi gan, between Port Huron, opposite to Sarnia, and Detroit, 55 miles in length, promoted in the interest of the Grand Trunk Railroad, and to be worked by it, will also be open. This railway completes the link with all the American railways extending west and south, thus forming a continuous line between Chicago and the eastern seaports of Quebec and Portland. The traffic to the present time has been almost entirely local. The receipts upon the portions of the line now open, 880 miles, have already exceeded the total amount originally looked for from that source over the whole length of the road. The gross amount calculated upon in the prospectus was £460,000 on 1,112 miles, or at the rate of .£8 per mile per week. The sum actually received in the two years 1857 and 1858 has been at the average rate of £ll per mile per week upon the whole distance as opened. In regard to the through traffic, the directors can see no reason for doubting the accuracy of the original calculations: The vast trade of the west has greatly increased during the last few years, as likewise the exports and imports and the population of the province of Canada. A regular line of steam packets between Quebec and Portland and Europe, shortly to form a weekly communication, has been established. The Grand Trunk will thus form the best route to the Western States of America and the Red River set tlement of the Hudson's Bay Company, and ulti mately to British Columbia. The gross revenue actually . obtained on the four principal lines, which have hitherto transported a large proportion of the traffic, averaged on the Michigan Central £3l 4s. I per mile per week ; on the Great Western br Canada, £32 6s. ; on the New York and Erie, £46 10s. ; and on the New York Central, £49 l is. ; the average on these four lines exceeding V.:O per mile per week. The directors have evP.,7 confidence that the very moderate estimate of 30 per mile on the western and £3O on th. eastern half, making an average on the whole 1 :Ine of £25 per mile per week, from the local_ an d through traffic com bined, will be reali:Sed, and also that the working expenses mike these circumstances will not exceed 50 pe cent. of the receipts. On the por tions of the line west of Toronto already opened the local receipts for the last few months have ex exceed £2O per mile per week, and the working expenses have been less than 50 per cent. As suming that the total capital on which interest will have to be paid may in round numbers be £10,000,000, the result will be as follows :—125 per mile per week on 1,057 miles, £1,374,100; deduct ing 50 per cent. for working expenses, £687,050, would leave £687,050 ; from this deduct rent on Portland section, £73,000 ; leaving a net profit of £614,150, or more than sufficient to pay 6 per cent. on the whole debenture and share capital of the company. Under these circumstances the London directors in offering, without reserve, their views on the position of the railway, feel that the board have adopted the best and most equitable mode of raising the necessary funds by the proposed new issue of £1,111,500 second preference debentures, which,with the £2,000,000 of first preference already issued, assume the position originally occupied by the provincial debentures of £3,111,500. TILTS DAY'S MARKETS. CORN EXCHANGE. EDINBURGH AND GLASGOW. The half-yearly meeting of this company was held on Tuesday in Glasgow— Mr. P. Blackburn, M.P., in the chair. The report, an abstract of which has appeared in The Sun, was taken as read. The CHAIRMAN said he thought the report showed to the shareholders a very fair state of things alto gether—an increasing revenue and a decreasing expenditure. They agreed two years ago, after about £28,000 had been raised, to close their capital account altogether. A considerable portion of that had since been expended, and they had no reason to believe that any larger sum would be raised from the shareholders upon capital account. lie con• eluded by moving the adoption of the report. Mr. J. M‘GAvIN was very glad of the resolution of the directors to close the capital account, and he hoped that all the shareholders would back up the directors most strenuously in that. Even although it might necessitate the board to make perhaps a little temporary sacrifice of dividend by increasing the plant, yet he believed that the market value of the stock would be greatly enhanced. The motion was then agreed to. The CHAIRMAN proposed a dividend on the ordi nary'stock at the rate of 3.1 per cent. per annum, which was seconded by Mr. li. DUNLOP, and agreed to. - The retiring directors, Mr. L. White, Mr. C. Cowan, M.P., and Mr, F. Barbour, were then re-elected. Mr. W. Wood was re-elected auditor, and the allowance WU increased from £25 to £5O per annum. A Tote, of thanks to the chairman terminated the Procfcdings. RAILWAY COMPANIES' ASSOCIATION. The monthly meeting of this association was - held yesterday at the Railway Clearing-house, Seymour street. Mr. H. S. Thompson, the chairman, pre sided. Mr. K. MonisoN, the secretary, having read the minutes of the last meeting, The CHAIRMAN explained that the law and parliamentary committee of the association had met a few days before to consider various sug gestions from different companies and persons respecting the two bills promoted by the asso ciation in Parliament. They had had a consulta tion with Mr. Bullar, assisted by Mr. Leeman and other legal gentlemen, as to the construction of the various clauses, and it was found that so many changes and alterations were required to be made that more time would be occupid in considering them than was at first supposed; and therefore they were not prepared to submit them. It was proposed that the bills should be referred back to the Law and Parliamentary Committee to make such alterations as might be necessary, with power to deal with the several suggestions as the committee might deem expedient. A question also arose as to whether the operation of the bills should be extended to the United Kingdom, or merely confined to England only. It was found that the Scotch law was so different in many respects to English law that clauses in the bill should be re drawn to make them suitable. Some of the Scotch representatives were in favour of the provisions of the bills being extended to Scotland, and if there were any of the representatives of Irish railways present he would be glad to hear their opinion, as he thought it desirable that, whatever was doze in respect of the bills, they shou "Id be for the 'United Kingdom. Lord LUCAN represented the Great Nortibern and. Western of Ireland Railway, and thought it de sirable that the operation of the bills should extend to Ireland ; and he had no doubt the representatives of the great companies there would assent to that arrangement. The lion. F. PONSONBY said the Great Western Company were anxious that the clan ses in the. proposed bills should be clear and definNe as to the powers sought, because it would be very - objection.. able if companies under the bill should have power to effect arrangements having the eff.tet of leases or amalgamations which now requir ed the special sanction of Parliament. He thought a clause should be introduced which would explain that matter. The CHAIRMAN said the principl e o f th e bill was to enable railway companies to •make agreements which carriers or private compan'Les could now make. The object of the bill was to place railway com panies in the same position, ar,d to go back to the old state of the law. They Were fru bject to all the liabilities of carriers, without havi ng their rights. The Hon. F. PONSONBY said, of' course directors should not be able to enter into :Amalgamations or leases under the bill, for that wo - ald be objected to by many companies. The Earl of SHELBUItNE thought it would be very objectionable to put into the bill clauses by which amalgamations could lie effected. It would be much better not to ask for that which would not be granted; otherwise th e association wou ld suffer in reputation. After some further obsc72vations, it was agreed that the two bills should, be applicable to the United Kingdom. On the motion of the GRAIRMAN, it was resolved that the bills, as settled. by Mr. Bullar, should be remitted to the Law and Parliamentary Com mittee. It was agreed that the Earl of Shelburne and Mr. Badger should represent the Great Western Company in the association, and that Lord Shel burne and Lord Lucan be added to the General Purposes Committee; Mr. R. W. Jackson was added to the Law and Parliamentary Committee. Mr. LEEMAN (in the absence of Mr. Schuster) moved the following resolution : " That, in the event of disagreement between companies, the subject can only be brought before the association if all the parties consent to submit their case to the association." Mr. H. LOVE quite concurred in that view of the question. The CHAIRMAN, in submitting the resolution, said that anything of a compulsory nature would fail. They should endeavour to make themselves as useful as possible, do all the good they could, but not attempt anything of a compulsory character. The motion was then carried unanimously. The CHAIRMAN said they were advised not to take any steps respecting the appointment of a select committee to consider railway questions until after the second reading of the Reform Bill. The meeting then adjourned to the 7th of April. Fresh up to-day very little English wheat came to hand either from Essex or Kent. Although the show of samples was limited, the demand for all kinds ruled very inactive at Monday's decline in the quotations. A full average quantity of foreign wheat was brought forward. Even the finest parcels were very dull, and the value of other kinds were nominal. The few samples of barley on offer were disposed of at full quotations. Fine malt moved off freely; other kinds slowly, at late rates. We had a fair, but by no means active, inquiry for oats, at full prices. The supply was very mederate. Beans and peas changed hands slowly on former terms. There was rather more doing in flour at full prices. ARRIVALS THIS WEEK. Wheat. Barley Malt. Oats. Flour. English 1,890 410 1,270 ; 1,469 1,450 Irish Foreign 3,980 i t 3,490 10,970 I 1,370) 811:1: PREFERENCE SHARES. Share Railways. Blythe and Tyne U. per c. pref. (issued at 250), Br! s. & Exet.4p.cL btock Do. do. do. Shares Caledon 210, 41 per cent Do. Quar. Shares, No. 2. Chester & Holyhd, 5i pc Do. do. 5 p. ct. Cork & Bandon, 5i p. c Dun. Perth,& Aber.Jun E.Angn. Class A 7& spc Do. do. Class B 6 pc Do. do. Class C 7 pc E. Coun. Ex. 5 pct. No.l Do. do N 0.2 Do. New 6 per ct. Stock Eastern Union, 4 per ct. East Lane. 6 per ct E.& W. York. Jcn. fifths Edin.&Glas. 5 pc shares Edin. Perth,& Dun. 4 pc. Furness, 5 per cent 1; las. &S Wes:. g a. spc Great Northern, 5 p. ct Do. 5 Redm.,lop.c.pm pc Do. 4i p. c. do. do. Do.sp.c. R edm.,s pc. pm Gt. Nh. of Scotld, Ist pf Gt So w (Trvlsind) 4 p. ct. pref. Stock Great West. (Berke and Hants) Ext. 5 p.ct. Do. Redeemable, 41 p ct. Do. Redeemable, 4 p. ct. Do. Irredeemable, do Do. 5 p. ot. Redeem. Pref Do. Birm. Pref. Shares Gt. West. Ches. 8 p.c.pf. tc?,k Stock Stock Stock Stock Stock Stock 100 Stock 50 Stock St C2l: St elk Stock shares _ _ Do. do. 5 p. ct. pref Do Firming. guar. stock Do. Chester guar.shares Do. do. do Do. do. do. Lan. & York 6 p.c. stock Lon.&Brig.spc. gu. No.l Do. pref., 5 p. c. ...No. 2 IDo. New gua., 6 p. ct Do. do. 5 p. c. No. 4 Lon. & N. W. Cov . &Nun eaton, 5 p. ct. L 9n : &S : W, 7 p.ct. stock,l Stock 2( 13k 20 Stock Stock Stock Stock Stoek Stock, Stock, 1 ate 3d shares Londondy & Cole, shs Londondy.& Ennis 4 sh & Lin., 6 p. et Do. £6 Do. 34 per cent. Ilaryport & Car., 4 p.c Do. 4 per cent Do. 3lid. Con. 6 p. c. Stock Do.Con.Bris.&lllr.6p.ct Do. 4i p. c. pref. stock Do. with option till 1860 Do. Leic. & Hit.pref. it. Newport,Aber.&c.pret.s p. c. redeem, at 5 p. c.p m Do. Perpet, 6 p. c. with option till 1866 Norfolk Deb. 4 p.c.sh arcs Do. 5 p. c. Ext.Stock,lB46 Do. 51p. c. Pref. do. 1847 Do. Way.Vai.Ex.Sk 1847 North British, 5 per cent Do. New, trim. 5 per cent Nth.Dev.Rail.& IDek.Co. N-East. irred. 4 p.c. Deb. Do. Berwick, 4 p. c. Pref. Do. do. do. • Do. Leeds, 6 p. c. No. 1 Do. do. Quarters, 1846 80. York, IL & S. Purch. North Staffordshire Ox. Wr. & Wol. 6pc. Ist g Do. do. do., 2d Do. 41 p.c. Db. stk.in perp Scottish Central, new PI Scottish N.-Eastern deb Stock Stock Stock Stock Stock Stock Stock Sock Stock Stock Stock 81 St ock St ock Stock Stock 10s. Do. 3i per c. pref. stock Do. Aberdeen. r.rll IL ii pc. Do. 7 p. c. prof. stoacd ISouth Devon, Ann. 10s.1 Do. Fixed 41 percent.' ,South Eastern (Reading Ann., 1.0.6 ) 1.0.6. Stock Stockl Stock Stock Stock 25 25 $ Stock] Do .41 per cent Do. Fixed 4i p.c. Ist is Do. New do., 2d issue South Wales, gua. 4 p.c Do. 44 per cent S.-Yorkshire, 4 p.c. gua ;Stockton and Dar. 5 p.e Do. 6 per cent Waterford & Kilkenny, 6 per cent. Paid. Closing Business Price. Done. 49 51 94 96 1103 105 1120 128 117 119 6 6} 98 101 110 116 208 112 115 117 114 116 1132 134 80 82 74 76 all 1100 6 100 100 100 100 all 1113 115 118 120 110 112 104 106 64 E 6 11 114 all all 100 100 100 100 100 100 100 100 8.13.4. 94 98 85 E 7 86 88 99 101 91 101 16 17 91 loi 72 74 18i 91 1 9i 14 141 140 142 1118 120 1160 165 123 125 J _IP C9` . 7f 139 141 1101 103 i i P 94 96 91 Of 111 9 11/ 9 i 1112 114 97 98 1 d ild p 24 23f 122 124 115 120 99 101 101 101 241 25 102 101 ,102 104 164 171 29 30 33 34 49 51 123 4 LINES LEASED AT FIXED RENTALS. Railways. Closing Business Price. Done. Paid. Lcoca.s,isn.g BRITISH MINES. Paid. \ Closing Business Price. Done. Alfred Consols (Philack) 2.11.10 1 61 74 29 Waist' Iron Condurrow (Camborne) 2O 10 Devon G. Cons. (Tavist ) 1 465 475 East Bassett (Illogan) 3O 215 225 1- Great South Tolgus l7s 12 13 124 - G.Wheal Alfd.(Phillyck) 11.18.8 3 4 3 4. G. Wheal Vor (Helston) 95 Lady Bertha North Frances (Illogan) 84 6l 7 North Wheal Crofty 7.9.4 6, 74 N.Wh'l Basset (Illogan) nil. 10. 114 Par Consols (St. Blaxy) 14 15g 16.1 Porkellis Unit. (Wend.) 9 Sortridge Cons. Min. Co. 6 6 / ISouthCaradon(St.Cleer) 24 450 460 ;South C. Brea( Illogan). 2 24 2t S Wheal Fran. (Illogan) 18.18.9 210 220 5 Tamar Silver and Lead Mining Co 44 1/ 2 10 ,Tin Croft 9 34 1 lUnitedMines(Gwennsp) 40 - - Vale of Towey (farm )' 12s exl 4 Welt Basset (Illogan) l4 21 23 W. Caradon (Liskeard) 2O 724 774 Wheal Basset (Illogan) 1 54 210 220 Wheal Buller (Redruth), 5 120 130 Wheal Edward (Cal s.). . 54 al 31 WhP.AI Kitty(ll.l.elant)l 1.7.2 11 12 Wh'l MaryAnn(Menhe)l 8 49 51 Wh'l Trelawney (Lisk ) 44 31 33 • FOREIGN MINES 20 'Australian 74 I 1 1 Bon AccordCopper,Lim. lOs W p 35 Brazil. Imp. (is. at £sp.) 27 1 14 20 Do.St.Johndelßey,Lim. 15 11 12 5 Do. Land andMiningCo. all 11 24 1. Clarendon Consols Min ing Co. of Jamaica d 40 Cobre Copper all 36 38 Cepiapo l6 10 12 1 DunMoun.Cop.Min g. Co a ll 1 2 Fortuna 20 General all 22. 234 3 Linares all 9 10 94 5 Lusitanian 1 ,Mariquita all 1 / 1 New Granada all 1 N.RhineCop.of S.Aus.L 10 4 1p 20 ,Pentgibaud Silver, Lead Mining and Smelt all 4 5 5 IPort Philip 1 1 1 30 , Santiago de Cuba l6/ 1 1 28.2.84 United Mexican COLONIAL GOVERNMENT SECURITIES. Share Securities. Paid. Closing I Busines s Prices. Done. Can.Gov.6p.c.Ja. &July 100 114 115 1 1144 Do. 6 p.c. Fb.&Aug. 100 112 114 Do. 6 p.c.Yr. & Sep. 100 112 113 N.B.Gov.gp.c. Ja. &July 100 1114 1124 Do. 6p.c.Ap. & Oct. 100 - - N. S.W. Gov. sp. c. Deb. 100 102 103 1021 NovaScotiaGov.6 p.c. St. Deb. redeemable, 1875 100 1114 1124 1111 S.Aus.Gt.6pc.Jan&.July 100 111 112 112 Vict•Gov.6p.c.Jan&July 100 JOINT-STOCK BANKS. i Share; Joint-Stock Banks. Paid. Closing Business I Price. I Done. Agra&UnitedServiceßkl Australasia Bank of Egypt Bank of London Brit. Col. Bk. & LoanCo British North American Chtd. Bank of India, &c 'City 'Colonial Corn. Bank of Canad. , 'Commercial of London Eng., Scot., & Ans. Ch Gen. Bk. o Switzerland Lon.Char.Bk.ofAustral. London and County London Joint Stock Lon don & Westminster Nat. Prov. of England Do. new National Bank New South Wales Orient. Bk. Corporation Ottoman Bank Provincial of Ireland Do. New South Australia IDo. New (Union of Australia IDo. New Union of London Unity Mutual Western Bk of London 2i 26 45 47 62} 1 65 (11 1 100 100 20.11 100 161 161 22 221 21i 22 161 I 27 } 20 19id BIISCELLAN EC, US. Miscellaneous. g.Closin Paid. - Burliness done Price. NEWGATE AND LEADENHALL. The supplies of meat on sale hero to-day are tolerably extensive, and the trade generally rules heavy, as follows Per 81bs. by the Carcass. s. d. s. d. 1 s. d. s. d. Inferior Beef 3 oto 3 4 1 Infr. Mutton. 3 2to 3 8 Mid, d 0..... 3 6to 3 8 1 Mid. do 3 10 to 4 2 Pm.larredo. 310 to 4 0 1 Prime do. 44to 4 8 Do. small do. 4 2to 4 6 Veal 3 Bto 4 8 Large pork.; 210 to 3 6 1 Small pork 310 to 4 4 BOROUGH HOP. New hops, the show of which is very moderate, continue hi steady request, at very full prices. Fine yearlings are held for more money. In other hops next to nothing is doing. Mid and East Kent pockets 7os to 130 s per cwt. Weald of Kent do s4s to 75. ~ Sussex do sBs to 70s „ COLONIAL. Mi.—The market remains firm, but only a limited busi ness has been transacted. Common congou is quoted 13 ; id to 13d per lb. . SUGA7R.—There has been a very limited amount of busi ness reported, and for all descriptions prices have shown a downward tendency. A small quantity of British West India of superior quality brought former rates. In the Refined Market moderate transactions have been reported, and prices exhibit little variation. COFFEE.—A fair inquiry has existed in the private con tract market for plantation Ceylon, which realises full rates. Other descriptions are in buyers' favour. RICE.—The market remains exceedingly dull, no trans actions of any importance having been entered into, and prices are unaltered. FILUIT.—A very limited business has been transacted, and at public sale a few lots of damaged goods sold at a slight decline on former rates. SALTPETRE.—No business of any importance has been recorded, but prices remain steady. TALLow.—The market is dull, and but little inquiry has existed for consumption. P.Y.C. on the spot and for for ward delivery is quoted 52s to 52s 3d per cwt. WooL.—Tho public sales of foreign and colanial wool have been well attended, and f or th better qualities the rates current at the commencement of the sales have been well maintained. English wool continues inactive, and for the inferior qualities lower rates have in some instances been accepted. COUNTRY MARKET'S. BIR. - MINGIIA - Al-111ARen 10. A fair supply of English wheat, which sold at a decline of is per quarter on the currencies of this day se'nuight. In barley no ch ange . O a t s qu it e as d ear, b ut only taken in retail. Beans maintained their value. Peas neglected. LOUTH—MARcIL 9. The corn trade continues in a very quiet state, and the wheat offering to-day was in rather better condition ; it was partly taken off at is qer qr under the terms of this day se'nnight for all descriptions of quality. The supply was tolerable. Wheat ... 365 . to 39s Oats . 20s to 24s White do .42s to 45s Beans —s to —s Barley .348 to 40s Ditto, old .42s to 45s STOCKTON-ON-' 'EES—MAlicit 9. We had small supplies of all descriptions of grain to-day, and wheat met a slow sale at is per qr. decline. No change is made in the prices of any other article. Wheat 36s to 39s I Oats.. 26s to 32s White do 38s to 42s Beans, new 40s to 45s Barley 36s to 40s I Peas 403 to 44s UNITED SERVICE INBnTUTIO2IT. The twenty-eighth anniversary meeting of the United Service Institution was held in the Lecture Theatre on Saturday, the sth inst., at one o'clock —the Right Hon. Sir J. Pakington, Bart., M.P., First Lord of the Admiralty, and Vice-Patron of the Institution, in the chair—supported by Colonel the Hon. James Lindsay; Vice-Admiral Sir T. Herbert, K.C.8.; Major-General Stanhope; General Sir J. Burgoyne, Bart., G.C.8. ; Colonel Sykes; Colonel Adair; General Sir Geo. Pollock, G.C.8., &c., &c. Captain BURGESS, the Secretary, read the report, which detailed at length the proceedings of the council during the past year. It appears that in contradistinction to the previous year, when there was a decrease of 36 in the number of members, there has been an increase of 78 in the past year, or that in fact the increase, as compared with the pre vious year, was 114. This shows the decided progress which the institution has made in the estimation of the members of the services. The report then went on to explain the state of the finances of the institution—the ordinary and extra ordinary expenditure—the latter rendered necessary by the complete re -organisation of the institution in all its departments, the increasing estimation in which the journal is held, and the necessity for more general support to maintain it at its present acknowledged standard. The ac quisition of the very valuable model of Sevas topol, by Colonel Hamilton, C. 8., Grenadier Guards; the vi s it o f h er Majesty, 11.11. H. the Prince Consort, the Commander-in-Chief, and other distinguished visitors ; the accession of a large por tion of the Corps Diplomatique to the number of honorary members, were then touched upon. In conclusion, the Council. after acknowledging grate fully the support they had received from her Ma jesty's Government, and drawing attention to the favour they had also met with from several foreign powers who had presented them with different series of naval and military journals, charts, and plans, proceeded to say, that it is a great satisfaction to observe that the necessity of a metropolitan and national institution devoted to naval and military science is more dis tinctly recognised by th e o ffi cers of both services, and by her Majesty's Government, and that the advantage of a central repository, contain ing a large professional library and objects of gene ral profession, information, and interest, is fully acknowledged. General Sir J. BURGOYNE, Bart., moved the adoption of the report, in terms strongly commen datory of the institution, especially in reference to the character of the journal recently established. Other resolutions having been proposed and adopted, General Sir GEORGE POLLOCK then proposed a vote of thanks to Sir John Pakington, which was carried unanimously. Sir JOHN PAKINGTON, in acknowledging the compliment, said : Sir George Pollock, Sir Thomas Herbert, and gentlemen,—lt is now my duty to acknowledge, which I beg to do in the most re spectful and grateful terms, the compliment which you have been so good as to pay me. In acknow ledging that compliment, gentlemen, I shall not presume to intrude upon your attention for many moments ; the reason is, that which has already been adverted to by the gallant gentleman in the chair, that moments with me are so precious that I am obliged to economise them as much as I can ; but, gentlemen, there is still a more formidable impediment than the want of time to my addressing, even if I could presume to do so, any extended observations to you upon this occasion ; and that is, although I have had the honour, during the period that I have held my present arduous office, of being, I may say, connected with this institution, I regret, from the incessant pressure of duties in that office, that this is the first occasion on which it has been in my power to take in any sense an active part in the proceedings of the institution. I therefore do not feel that I am competent to dwell upon any of those subjects which have been adverted to to-day, more especially considering the fact that the objects of this institution have been treated by those who have the advantage of practical knowledge and long acquaintance with its affiiirs, and who are therefore really competent to address to you observations with respect to your present position, and which would Jae scarcely proper on my part, from the fact that I cannot be per sonally acquainted with them. Gentlemen, I can not help making this one observation, and were I competent to speak, I would say that upon coming amongst you to-day, I see around me upon these benches gentlemen who have been long known to me, who are known to the country, and I may add, without exaggeration, known to fame as officers of the greatest possible distinction in both our noble services of the army and the navy. It is impossible for me to doubt, when an institution of this kind receives the sanction of so many officers of such great distinction, without referring to the very numerous members of the society, who are no doubt prevented by various causes from being pre sent to-day—when I see such an institution sup ported, I cannot hesitate, even if there were no other proof of it, in at once adopting the entire belief that it is a most beneficial institution, and that an institution so supported must be successful. Gentlemen, I see in the report which has been read to you to-day by your secreta r y th a t th e d es i gn o f this institution is laid down in simple and clear language—that the object of it is for promoting naval and military science and literature. Those are objects which speak for themselves. No man of ordinary understanding, and with the most common acquaintance with our great services, can doubt that any institution mast deserve the support of those services which seeks the spread of naval and military science and literature. You are aware, gentlemen, that by position in life I am a civilian, my connection with one of those great and noble services is merely that of official connection as a public man ; with the army I have no connection beyond that connection which every Englishman must feel of gratitude to a most distinguished body of men, and a most noble service. With the navy I have the great honour to be officially connected, and I yield to no man in my great admiration of that noble service ; and let me add that my official connection with that service has been enough to - teach me—and there I have no hesitation in speak ing with some feeling of confidence—that anything which tends to the spread of science and literature connected with the service must at all seasons be beneficial ; but let me add that there never was a moment in the history of the Royal Navy when such advantages were more desirable than they are now. Never was there a moment when the culti vation of science in connection with the navy was more important to the greatest interests of this coun try, considering, as one illustration of this position, the extraordinary increase which has taken place in our men of war. Perhaps you will allow me to mention, as a remarkable instance of this fact, a statement which it was my duty to address to the House of Commons in speaking of the navy a few evenings since. Only ten years ago, I think, as nearly as possible, speaking in round numbers, the construction of a 50-gun frigate cost 150.000 ; in the year 1855 the construction of a 50-gun frigate cost rather more than £70,000 ; and in the year 1858 the construction of a 50-gun fri gate cost upwards of £90,000. Now, these arc striking and remarkable facts, and they serve to explain many points of which the public is natu rally desirous of explanation, but when you find, with respect to the same class of ship, that is to say, a ship that passes by the same name, a ship that is still called a 50-gun frigate, the cost of the construc tion rising in this ratio in the short period of 10 . years, it becomes evident that a great and rapid change is taking place, and that the application of science—and science of the highest order—becomes more and more important with respect to that class of vessels. What is true with respect to a frigate, is-of course true as to other descriptions of vessels. I only mention this as an illustration. Then . we have to bear in mind the univer sal application of steam oflate years in a new:mode and at a gigantic have cost. Huge sums of public money pended in those directions , therefore, of course, the cultivation of science beco mes all-important. At this moment we are about to embark in an o th er wholly new description of ,c,onstruction. allude to those floating " curiassiers. Wa are going to have vessels coated with iron. The vessels can only be constructed, or, at least, they can only be made beneficial to the public service when they are con structed, by the most careful application of the most scientific principles. I throw these ob servations out, gentlemen, merely to show I am sure every man in England who has at heart the welfare of the services must value an institution which has for its object the promotion of science in connection with them. As I speak, it occurs to me that there is another important element of improvement common alike to the army and the navy, namely, the great and rapid improvements which are now taking place in our ordnance and artillery. And let me here advert, in terms of well-merited eulogium, not only to the great science, not only to the great skill, but I must, in truth and justice, add to the noble and patriotic spirit of Sir William Armstrong. Here again, gentlemen, we have the most abundant proof which must convince every man, be he soldier, be he sailor, or be he civilian, that our welfare as a nation, and the success of our great and powerful arms most essentially depend upon the successful cultivation of science, and therefore any institution which tends to encourage and promote science must be a nationalsbenefit. With these feelin gs, gentle men, I must, if you will allow me, congratulate you upon perceiving that which I hope I may accept as conclusive pr oo f o f t h e prosperity of the institution a have already adverted to the fact), namely, the presence of the influential and dis tinguished men who are supporters of this institu tion. I find detailed again in this report that the accession of new members has been beyond the usual average, and that there is every indication of the rapid, steady, and progressive improvement of this institution; and, perhaps, the best proof of that we could have received, more valuable even than the statement of my honourable and excellent friend the Chairman of the Council, may be found in the statement, which I heard with great interest, made to-day by a very distinguished naval officer, _Sir Frederick Nicolson, who has lately returned from doing m os t exce ll ent serv i ce for h is country in China. Sir Frederick Nicolson told you that in the fulfilment of his duties he has been na ly years away on foreign service, and he re turned, after an i n t erva l , not after watching this institution, as you have done, from year to year, or I may say from day to day ; and what does he tell you upon coming back after that period of ab sence ?— t h at h e finds the greatest pos sible signs of i m p rovemen t . Gentlemen, I most heartily hope th at t h at i mprovement may long continue. lam quite sure th a t with your 10,000 volumes—with your models of machinery—l am glad to find you have the best naval models and the best naval charts —with all those advantages-- guided as you are by a competent council, guided by the light of good judgment and good sense in the administration of your affairs, I cannot res i st the impression that the continued pro s p er it y o f this institution must be a continued advantage to the country. It was with this full belief that I felt it my duty at once to accede to the re quest which my ga ll an t f r i en d Colonel Lindsay did m e the hon our to pre f er to me, that in consideration of my present position as First Lord of the Admi ralty, I would preside here to-day. I repeat that my connection with that noble service makes me sincerely desirous to do everything I can to promote its welfare. Gentlemen, lam most happy to have been amongst you to-day, and I heartily wish you continued prosperity. The meeting was very numerously attended by the members of the institution, amongst whom were :—General the Earl of C ar di gan, K.C.8., Generals Wesley Hutchinson, Sir Ch ar l es P as l ey, Wallace, Shaw, Briggs ; Admirals Evans, Percy, Grace, Saumarez, Hamilton, Quin,Carnac ; Colonels Cotton, Dixon, Angelo; Sir John Scott Lillie, Woodhouse, Crozier, Sotherby, Rawlinson, Burdett, Cust ; Count Platten ; Captains Sir W. Wiseman, Bart., R.N., Sir W. I)alyell, Bart., R.N., &c., &e., &c. BRISTOL—MARen 10. There was a fair supply of wheat, which sold slowly at last week's rates. There was a dull trade in barley, at the rates of last week. In oats there was no change. For beans and peas no demand. MANCHESTER-MARCH 10. Our market this day was well attended with both buyers and sellers, but business seemed quite at a stand still, and previous rates could scarcely be obtained for wheat and flour in the few sales made. Oats and oatmeal ruled steady. Beans also steady. Indian corn dull, but without change in value. EDINBURGH GRAlN—Mmteit 9. Supplies smaller to-day, and sales rather dull. Wheat on the top 2s Od down average Os 5d up. Barley on the top 2s Od up. average is 4d up. Oats on the top 2s Od down average Os 7d up. Beans on the top is Od down.... average Is 9d down. Averages per Imperial quarter. Wheat.... Barley Oats 1 5 1 6-12ths Beans Total Supply and Sales. Wheat 9OO qrs Sold 729 qrs 8ar1ey........1060 qrs Sold 594 qrs Oats .3047 qrs Sold 2138 qrs Beans 489 qrs Sold 337 qrs GLASGOW-MARCH 9. At our corn exchange this morning there was only a small attendance of town and country dealers. The de mand for all articles was on the most restricted scale ; and to make progress in any article (except Egyptian beans, which were firm at 21s 6d to 22s per 2801 b) rather lower rates would have to be taken. CORK—MARCu 9. The following were the quotations this morning :—Red wheat, 21s 9d to 225; white, 22s 6d to 23s 3d; barley 13s Od to 15s Od; oats, Hs 9d to 14s Od. DERBY SMITHFIELD —MARCH 8. The supply of fat beasts to-day was good, with a full attendance of buyers, and the last week's prices were fully maintained. The number of sheep also large this week, and sold at high rates. The show of pigs was a full average one, and of good quality. Fat and store calves were again plentiful and well sold. Beef ............ 6 dto 71d Veal 7d to lid Mutton ...........8d to 81d Pork -id to sfd Lamb ... • .... .....0d to —d Rough fat, 5s Od per stone. Hides, 4d to 5d ; Calf skins, sjd to 6d. THIS DAY'S SHIPPING. LONDON, March 11.—Wind this day at noon, S.W.; light breeze, and cloudy. PORTSMOUTH, March 10.—Wind S.S.E.—Arrived— Her Majesty's steamer Peseverance, from Malta and Gib raltar. Sailed—Compeer, for New Orleans. PLYMOUTH, March 10.—Wind N.E.—Arrived—Her Majesty's ship Ardent, from Sierra Leone. PILL, March 10.—Wind S.—Sailed—Courier, for Africa ; Lord Duncan, for Africa ,• Elizabeth, fpr Trinidad. CARDIFF, March 10.—Wind S.S.E—Sailed="•-Balgowrie, for Caldeira; Alarm, for Galveston; Alma, for New Orleans; Rapid, for Charleston; 'Transit, for New Or leans. _ _ --- FALMOUTH, March 10.—Wind S.E.—Sailed—Una, for Porto Rico. TORBAY, March 10.—Wind variable.—All the wind bound vessels are getting under weigh, except the Reaper, distanced in consequence of the crew being refractory. CLYDE, March 10.—Wind S.S.W.—Sailed—Bryan, for Bahia. SOUTHAMPTON March 10.—Wind. S.S.E.—Sailed— Thames (steamer) , for the West Indies. (BY ELECTRIC TELEGRAPH SOUTHAMPTON, Friday Morning. Wind W. Arrived.—Hotspur, from London, leaky ; Miram, from Sunderland ; Pet and Ocean, from Newcastle ; Atalanta, steamer, from Jersey; La Poule, Le Coq, and Georges, from Cherbourg; Ondino, steamer, from London, L'Etoile, from Charenton ; Moslem, from Newport. Sailed.—Thames, steamer, for Madeira and St. Thomas's ; Heroes of the Alma, for Sierra Leone ; Brilliant, for Jersey ; Don Colino, for Guernsey ; Ondine, steamer, for Dublin; Argyll, steamer, for Charenton ; Swift, for Bristol; Aller ton Packet, for Newcastle ; Fellowship, for Seaham ; Comet and Clara, for Swansea ; Mystery, for Cardiff ; Spring, for Woodbridge ; New Mary Ann, for Dublin ; Tweed, Jessie, Confidence, Eliza, and Queen, for Sunderland ; Mary, for Portland ; Mayflower, for LlaLlly. LIVERPOOL, Mardi 11. Wind W.S.W. Arrived—Sino, from Galveston ; Quilha, from St. Michael's. Sailed, March 10.—Cintra, screw steamer, for Oporto ; Rhone, screw steamer, for Genoa ; Souvenir, for Pernam buco ; Sea Flower, for Odessa ; Electra, for Rio Grande ; Dart, for Charente; Frederikke, for Aalborg; D. W. Pickering, for Nantes; Anna, for Fredericia ; Europa, for Smyrna. (BY SUBMARINE AND BRITISH TELEGRAPH.) GRAVESEND, Friday Morning. Wind S.S.W. ; tide four hours' ebb. Arrived, March 10.—Antigua, from Demerara. Arrived, March 11.—Malabar, from Demerara ; Harfleur, from Karrabeck ; Lizzie Morton , from Leghorn • Exmouth, from St. Maio ; Confidence, from Seville ; P lanter, from Guernsey. Sailed—Edith Moore, for Calcutta; Panther, steamer, for Boulogne ; Planet, steamer, for Harburg. DEAL, Friday Morning. Wind S.S.W. ; moderate. Passed—Delaware, from Jaffa, and John Hominy, brig, from Jamaica—both for London. Anchored.—lno, from Shield, for Dublin; Telegraph, from London, for Liverpool; Clarthe, from London, for Constantinopie. Sailed.—Ballarat, for Shanghai. Put back.—Cocidius, for Alexandria; Suomi, for Car cliff, having been in collision, and sustained damage. CORK, Wednesday Evening.—The Neapolitan exiles still remain at Queenstown, where they have been provided with lodgings in some instances. We have to announce the death of Mr. Cocks, the senior partner of the well-known banking firm of Messrs. Cocks and Biddulph, of Charing-cross. Mr. Cocks died at his house in Harley-street yesterday morning, shortly after one o'clock. IMPORTS OF FOREIGN CATTLE.—The following foreign cattle were imported into Hull in the week ending the Bth inst. •—From Harlingen, 36 cows, 16 oxen, and 1 calf ; from Rotterdam, 43 oxen and 6 calves • from Antwerp, 9 calves ; and from Kampen, 31 pigs ; to tal, 36, cows, a 9 oxen, 16, calves, and 31 pigs. DRURY LANE THEATRE.—Two hundred of the Greenwich Pensioners have permission to attend at the theatre this evening (Friday), to hear the opera of " William and Susan," and see the Pantomime. Mr. Smith admits them gratuitously; and Mr. Wheatley, the cele brated Greenwich omnibus proprietor, very liberally offers his omnibuses free of charge. SOUTH-EASTERN RAILWAY.—The shareholders of this company have agreed to raise £300,000 to aid in carrying out the proposed branch railway connecting . the South-Eastern station at London-bridge with Charing cross. The branch, if made, must necessarily pass through St. Thomas's Hospital, and will, in all probability, inter fere so materially with it, as to raise the question of its re moval from its present site to a better. Should the managers decide on the propriety of erecting a new hospital in a suburban or rural district, it would be a noble example, which might bo followed with advantage by other hospitals. UOYERNMENT EMIGRATION. Her Majesty's Emigration Commissioners chartered two ships yesterday afternoon, the leth inst.,—viz., the Estcort, 765 tons, to sail from Liverpool for Adelaide, South Australia, at £l5 19s. sd. per statute adult, and the Sebah Jehan, 758 tons, to sail from Southampton for Algoa Bay, Cape of Good Hope, at £l2 17s. per statute adult, both vessels to be ready for the reception of passengers on such day as the Commissioners may appoint between the 18th and 28th of April. They have also given notice of their intention to receive tenders next Thursday, the 17th inst , for a ship to proceed to Sydney, New South Wales, to be ready for the r eception of passengers on such day as the Commissioners may fix upon between the 25th of April and the sth of NEWSPAPERS TO INDIA AND AUSTRALIA.—We are authorised to state that as it has been represented to the Postmaster-General that much inconvenience would arise from an alteration in the postage of newspapers to India and Australia being made without a long notice, owing to it being a common practice for subscribers for such news.; papers to pay news agents for considerable periods in ad vance (including the postage), his lordship has been pleased, with the concurrence of the Lords of the Treasury, to post pone from the Ist of April to the Ist of January next the commencement of the regulation lately announced in the Gazette for adding one penny to the postage of newspaPerg sent via Southampton and Suez, to defray the cost of the transit through Egypt. WRECK OF lo tt FRENCH BRIG.—GALLANT RESCUE. —PADSTOW, March B.—This morning, during a hex gale from the N.W., the brig Gonsalve, of Nantes, got eal near this place in running for Padstow harbour: ca S r i r l icd wars i ) caught while running over Stepper Point, and the ebb tide and heavy sea over Doom Ba r Sand. s T ta h t e; o l n if ed i boat of the Royal National Lifeboat Institution, . Before reaching the wreck the heavy . here, was immediately got afloat and proc sea ee s de r tt le o d th se e v sh era ip l . filled by the surf, but no sooner , times into the lifeboat, and when alongside the wa 7 iti k .n she was repeatedly self-ejected. Her gallant and experi enthacnediterevcays were,, instantlyhowever,determined, with God's help, to accomplish their humane object, or perish in the attempt. Fortunately their perseverance was crowned with success. One by one the foreign shipwrecked crew, consisting of seve n men, were taken into the lifeboat, and afterwards safely brought on shore, amidst the acclamations of the people. When the lifeboat was got out a double crew im mediately offered to man her, notwithstanding the heavy gale and the high sea that prevailed at the time. ROYAL MEDICAL AND CHIRURGICAL SOCIETY.-- At a crowded meeting of the medical profession held last Tuesday evening, Mr. F. C. Skey, F.R.S. President of the Society, in the chair, Mr. Sibley, the Registrar to the Mid dlesex Hospital, read a verinteresting paper o n cancer , from which it appeared t hat, as regards th e h ereditary nature of the affection, it was found that this formidable disease was traced in 8f per cent, of the cases ; there were five instances in which they had two c ancerous relations, and in one very remarkable case five relations were affected with cancer. The duration of life was found to vary greatly according to the seat of the disease • and in the cases of cancer of the breast, those who had' been operated upon lived 53 months, whilst those in whom the disease was allowed to take its natural course lived only 32 months. In respect to age, it was observed that nearly all the patients had arrived at maturity , age of 20 years. only four being attacked under the The paper , w hich was unusually long, received the commendations of Messrs. Arnott, Birkett, and the President, who considered that the best thanks of the society and the public generally were due to Mr. Sebley for the great care exhibited by him in the compilation of the paper from cases in the cancer wards of the Middlesex 4