The Sun. — London, England, 1869-12-01 00:00:00

LONEY MARKET AND COMMERCIAL INTELLIGENCE. CITY, Two O'CLOCK. Business is more active to-day, awl prices gene rally are better. American stocks have improved, but in Railways Metropolitans have fallen fullen 1 per cent. Telegraph Maintenance and Construe- tion shares have fluctuatel very much, and prices are now 1 per cent. lower. Consols are now at 934 to 931 for money; ditto, for Ac.iount, 931 ; Three per Cent. Re duced, 921 2 4; New Three per Cents, 921 2 1 ; Exchequer Bills £l,OOO, March, par ; June, 2 7 prem. ; ditto £lOO, £2OO, and £5OO, March, ; June, prem. ; Bank of England Stock, 44 per Cent., 238 40. India Stock, 10i per Cent., April, 1874, —; ditto 5 per Cent., July, 1880, 114 i ; ditto 4 Per Cent., Oct., 1888, 1002 ; ditto Enfaced Paper, 56 per Cent., —. In the Foreign Market Stocks aro firmer. Italian are 4bettor, at 53i to 53:7 ; Egyptian (18G8) also "proved to 7G to 76,1 ; Turkish (1865) are -I higher, at 651 to 661 ; Argentine are marked 84 to 85; ditto (1860), 76: : to 76i ; Peruvian, 83 to 83i ; Charkoff, 80 to 80; ; Spanish, 26i to 271; Five per Cents., 43 to 434 ; Mexican, 134 to 13i1 ; Viceroy's Seven per Cent. Loan, 804 to 80:1. In the Railway Market Metropolitan have de clined to 831 to 83/, a fall of 11 per cent. ; Mid lands are now 1184, or 1 lower ; Great Northern A Stock is 1 lower, at 1031 ; Great Western are 5 51 to 551, a decline of i; London, Chatham, and Dover, at 154 ; Caledonians are now 79 to 791 ; London and North Western, 1211 to 122 ; Lon don and South. Western, 93 to 95 ; South Eastern, 761 to 77 ; and Berwick, 1181 to 1191. _ _ . In Bank Shares there has been a decline of in Imperial Ottoman, the price being 2 to 21 prem. London and Westminster is quoted at 581 to 59k; London and County, 48 to 49 ; Anglo-Austrian, 11 to 13 prem. ; Alliance, 12i to 13k. _ French Telegraph Cable are heavy at 151, sellers, bei ng a further decline of since the opening. Anglo-American is steady at 191 to 20; and Atlantic Eight per Cents., 2- to 2/. Construction and Maintenance shares are flat, at 32 to 321. _ • - • - • American Five-Twenty Bonds are firm, at 84 to 84 ex div. ; Erie Shares are lower, at 21 ; and Illinois are 981 to 991. At Mark-lane this morning there was a fair at tendance for Wednesday, with a moderate inquiry. The small supplies of English wheat met a steady sale of fully the terms of Monday last. Foreign wheats were well held, and for Russian and Ameri can the tendency was against buyers. Floating cargoes have realised Is. advance since Monday. The sum of £40,000 in gold was withdrawn from the Bank yesterday. The Arno has arrived at Lisbon, from Brazil, with £33,000, and the Kate Waters, from Auckland, New Zealand, with £39,272. The steamer Copernicus at Liverpool, from the River Plate and Brazil, brings £12,700. A. great fire had occurred at Bahia on the Ist of November and had destroyed property estimated at £60,000. The quotation of exchange at Bahia on the Bth of November was 191 d. Cotton had advanced there to 13 milreis 700 reis. The lUanchester markets this week have opened with more steadiness, and manufacturers in some Cases demand an advance. Mr. David Chadwick telegraphs by cable, as the first result of his mission to the United States in connection with the Atlantic and Great West tern Railway, that Messrs. Gould and O'Doherty have been displaced as receivers, and Judge Hitch cock, a man of high character, a director of the Alahoning line, appointed in the place of one of them. At a special meeting of the Telegraph Construc tion and Maintenance Company (Limited) resolu tions approving the proposal of the directors to re turn £8 per share of the capital, as previously an nounced, were agreed to. Messrs. Samuel, Montagu, and Co. have an nounced that they are authorised to receive appli cations for £398,300 Four-and-a-Half per Cent. Bonds of the Dutch Indian Railway Company at a price equal to 91k, at which, reckoning the fact that they are to be repaid at par in 37 years, they will yield nearly 51 per cent. Both interest and capital are absolutely and unconditionally guaran teed by the Dutch Home Government. The list is to close on Monday. An exclusive concession has been granted by the Spanish Government to Messrs. Graham and Hean, of London, for 40 years, for a submarine cable from Manilla to Hongkong and Singapore, and for a telegraph system for the whole of the interior of the island of Luzon ; also for all the commu nications from the island of Luzon to the whole of the other Spanish possessions in the Philippine Islands. The Lemberg-Czernowitz-Jassy Railway Com pany have notified the opening of another • portion of the line from Suczawa to Roman, the first section to Moldavia, thus shortening the approach to the Black Sea by 103 kilometres, without taking into account the Paskain-Jassy line, which the company expect likewise to complete by the end of this year simultaneously with the Russian works from Tiras pol (Bender) to Kischeueff. It is stated that the new issue of 60,000 £2O shares, making £1,200,000 additional capital, of the Great Southern of India Railway Company has been fully subscribed, and that payments on ac count, to the extent of £355,000 have already been made to the Treasury of the India-office. This stock is guaranteed 5 per cent. per annum by the Secretary of State for India, and has been issued at £3 per cent. premium. TheTowerSubway, constructed - on the designfsof Mr. P. W. Barlow, will shortly be opened for traffic. The permanent way is laid, and according to recent experiments the journey of the carriage from shaft to shaft will not exceed one minute. Working only 12 hours a day the line, it is stated, will be able to convey with facility 2,000,000 persons per annum. With regard to the "Southwark and City Subway," for which notices have been given, it appears that the object of the promoters is to construct a double tunnel capable of conveying eight millions of pas sengers annually, at fares fixed at a halfpenny for second-class and a penny for first-class, which it is estimated should pay from 15 to 20 per cent. on the proposed capital of £lOO,OOO. The line will commence near St. George's Church in the Borough, passing under the centre of the Borough, diverging under Hibernia Wharf to avoid London bridge, and terminating in Arthur-street, near Can non-street, city. 13111T11111 F131()11—T/TO e'OLOOK. GOVERNMENT FUNDS. 3 per Cent. Consols Ditto for Account, Jan. 6 3 per Cent. Reduced 92 } 2 i New 3 per Cent Now 3} per Cent. Jan. 1894 Do. 5 por Len Jsn .187 3 &nullities, 80 yrs, expire sth Jan., 1880. Do. for 30 yrs, expire sth April 1885 — Do (Red Sea Telebraph), Aug., 1908_ Excaegur , r Bills, £l,OOO, 21 p. Ct. March - D J . 3 do. June 2 7 D. £lOO, £2OO & £5OO Pin Bank of England Stock, 4i per Cent Dm. opening Canada 4 por Cent. Bonds later-Colonial Omnium 1: , 131AN UOVERNIsIENT SEctairriEb ladi L itock, 10} per Cent., April 1874_, Opening, for Account Do. a per Cont..luly, 1880 Do. 4 per Cent. Oct. 1888 D 3 . 0 3rtificatos Do. Eufaced rapt, 4 per °Aut...., — Do. 5 per Cert., J an. 1872 .... e: — Da. 51 per Ce-it. May 1879 — Do 5 per Cant., Rup. Deb. 1872 — Do do 1877 — Do. do. 1882 — D-.;. Deb., 5 per Cent., Aug. 1 873 ~ — Do Bonds, 4 per Cent., £l,000 . _. Do. under £l.OOO FOREIGN FUNDS— TWO O'CLOCK. Aigentine Republic, t per Cent Ili - Arian Bonds 5 per cent . Do. 159 — Brazilian 5 por Cent — fa D. 4/ por Cont. 1852 77 Do. do 1858.... Do. uu 1660 74 Do. do., 1863 72/. Do. 5 per Cent., 1t360 - t tio Ao-ount B4- i ILenos A.yro 6 po r c,-, o t. Do 2 per Cent. (Deferred 3 per Cent ) 551 6 Oini., 6 per Cent. Oclitia 6 poi - Cent . — o. 11 per Cunt.... Do. 3 per Cent., Do. 7 per Cent., 1866 - Co. 6 per ce-‘t., 1867 — C; lo i,1L:,,„ 6 pel Cont.. Dan sii 3 p,,r Cent., 1825 Dan , tiau Principalities, 7 par Cent B4 31 i)o. Acccunt - Do 8 per Cent., 1867 , *cuador New Consolidated, 1 per Cent Egyftiau, 7 per Cent ~u St,t-offil Je=ue ...... . ....... •. Lio..Csul, Bonds Do. 1861 Do. Account £L; , O Boni, 41 t)G Bonin 7 per Cont., 1868 T-100 Bon,is .•... 1).,. De, Do. (i,verun ent liallwav Debentures 3reeti: 5 per Cent., 1824 5, ox Cour t_)oui 011 E Do. Account naetuai, 5 per Cent Honduras Goy Rail. Lott!) ~ 10 p.,Ct., pd 85 IttLitut 5 pet Ccr t., 1565 Do. Account . • Do Mareminana Railway 4 exicar. 3 per Cent Ditto fcr Account - Do. 1864 — Do q per Cent. Anglo-French — uontevid‘ian d per Cent. .. — 41c crish imperial 5 1 - *r Cent Now (3n.nadit — Do 3 per Cen — Do. Deferred - Do Laud Warrants (Itectares) Poruviiiii 5 per Cent. 1865 Do Account .. 8:31 I Do 4} per Cent. (Uiltqtrren) ••• Do 4f per Cent.. 1862 -- Do Account Port.guese 3 per Ct., 1.853, '6, 7, '9,'6u,'2,'3 Do. do. 1867 3 3 - Do. do. Scrip, £2O paid — Russian 5 e ar Cent., 1822, £ St, Do 44 per Cent 1850 ' Do 4f per Cent., 1860 Do 3 per Cent., 1859 Do 5 per Cent., 1862 Do 'do Scrip — Do. Anglo-Dutch, 1864, £lOO Bonds. ; 92 11 21 Do. do. £B4 15s. do — Do., 1866, £lOO Bonds — Do. do £B4 15s. do — Do Nicolas Railway 651 Sardinian 0 pe.r Cent — Spanish 3 per Cen ... Do. Account Do. 1867 Do. Account Do. New Deferred — Do. Account Do. Passive — Do. Corn. Cert. of Coup. not funded — Do. Account wedish Provincial Mortgage Loan Do Government, 1864 Do dc, 1868 Turkish 6 per Cent uo Account Do 6 per Cent. 1858 .•• Do Account Do .£IOC Bonds Do 6 per Cont., 1862 Do. Xecouut no £lOO Bonds 6Bi Do 5 per Cent. 1865 Do Account Do 6 per Cent., 1865 Do. Ace. ant Do 4 per Cent., Guaranteed Venezuela 3 per Cent. Do 6 per Cent., 1862 Do 6 per Cent. 1864 Dividends on the above payable in Lonlou Austrian o per Cent. Ex 10 Florins Belgian, 44 per cent., Ex. 25f. Dutch 2f per Cont. Ex. 12 Guil. Do. 4 per Cent. Certificates .... French Routes, 3 per Cent., Ex. 251. Italian 5 per Cent. 1851, Ex. 45f. Do Account 5 31 TWO **LOOK. 431 Jove°ls, Money Do. Account, Jan. 6 931 i ad NAVAL AND MILI7ARY IN7ELLIGENCL. The Admiralty are about to effect another eco nomy in Chatham Dockyard. A number of officers of the yard occupy official residences in " The Ter race" in the yard. Hitherto, whenever repairs were needed in these houses they were executed by the Government contractors, at the public expense. But the Admiralty have now sent an order to Chat ham that in future all repairs that are required for these houses are to be effected at the cost of the occupiers. . _ Her Majesty's Indian troopship Crocodile is tele graphed as having arrived at Malta early on the 30,h November. All well. She was to leave for Alexan dria on the 2d December. Very great sympathy was expressed by many naval officers with the Senior Sea Lord of the Ad miralty on the announcement in the London morn ing papers of the death of Sir Sydney Dacres' second son, Commander Leonard Dacres, of her Majesty's gunvessel Cherub, at St. Thomas, West Indies, of yellow fever. Commander Dacres received his promotion from Lieutenant's rank from Vice- Admiral Sir George R. Mundy, in J uly last, on a death vacancy occurring on the West India sta tion. A number of officers from corps serving in India are expected to join the depots of the regiments at Chatham Garrison to relieve other officers now there who will go out to join the service compa nies. The officers who will arrive are :—Lieut. C. D. Baillie, Ist Battalion 3d Regiment ; Lieut. W. St. James Young, 38th Regiment ; Capts. T. P. Cosby and A. F. De B. Bixon, and Lieuts. A. L. Patton and B. W. C. Finnan, Ist Battalion 14th Regiment. PARIS CORRESPONDENCE,. TUESDAY: The impression made by the Imperial speech ean hardly be calledfavourable,nor has it greatly assisted, it is feared, to solve the political problems which surround us. The Emperor's interpretation of the wishes of France harmonises very con veniently with his own inclinations, and his inauguration of parliamentary government breathes too much the spirit of l'Etat, c'est 2noi. The Emperor undertakes to answer for the maintenance of public order, but he forgets that we are in 1869, not in 1852, and that if the intervening seventeen years have moderated the instability of the middle classes, they have rather strengthened and systematised the popular aspira tions for constitutional government. The speech has some noticeable omissions which your readers can hardly fail to observe. We are given no hope of an amendment of the electoral law. No reference is made to the promised abolition of the obnoxious Article 75, which guarantees the immunity of officials from any legal consequences of arbitrary acts or illegal arrests of citizens. This article, so fruitful of mischief, would not bo tolerated for a moment under a really effec tive parliamentary Government. Then, as to the long promised municipal reform, the language of the Emperor leaves a good deal to be desired. The mayors are to be chosen (not elected) from among the members of the municipal council, "excepting in special cases." Such are the comments of public opinion here. The language of the Liberal press is not encouraging. M. Nefftzer, in the Temps, takes a hasty survey of the speech, and declares he finds nothing in it but " veiled menaces," a programme of very insufficient reforms, and the " incur able illusions" of personal power. Besides the omissions I have spoken of, the editor of the Temps complains that no allusion is made to the fiscal shackles of the press, and that there is no reference to the initiative of the deputies, which seems to be considered as merely an honorary privilege. " The Govern ment speaks as if it alone were the possessor of all intelligence, and master of all opportunities." According to the Siecle, the Empire has existed hitherto in a perpetual oscillation between liberty and despotism, and the speech proves that the Emperor believes it can still be prolonged. This is a mistake, and the frankness and decision which the Emperor justly declares to be demanded by the situation are alike wanting in his speech. The proceedings of M. Emile 011ivier and the action of the 116, are dividing public interest with the opening of the Chambers. The rapprochement between part of the old Third party and the Right was not un looked for, and it has boen evident for some time pa s t that, in spite of his protestations, 111. Emile 011ivier was veering towards Imperialism. If his efforts prove successful, the Emperor may hope to see the evil day of constitutional government postponed for awhile, but at present M. 011ivier's loyal exertions, although they have effected the temporary disruption of the party, are more likely to damage himself with the country than to strengthen his Imperial master. At the conclusion of the meeting of the deputies on the 28th, Baron .3 - home David and M. Emile 011ivier walked off arm-in -arm, and the Baron, I understand, went to tell the Emperor that his majority in the Chamber was assured. On this point, however, less interested parties have considerable eote doubt. tata It is r rp'd that although Mr. Osborne had, in efuFe d to petition against the return of Sir Henry IV. so, and d Barronil have or alreadyWaterford, subs iL ibad p u p p o w rt a er r s ds ar o e f x d 3 e o te p r t m o i d n e e f d ra t y o his supporters 910.342' - THE SUN, LONDON, WEDNESDAY EVENING, DECEINIBER 1, 1869. ,s'fi ARE LIS7. ),{.OI,NA btY SdAIiNS AND STOCKS. raid. Closing 'Basin:: s Price. dant. of Blistol and Exeter...... 100 73 75 st Caledonian ..-..... 100 79 79 1 791 at Cambrian . lOO 15 tti 20 Cornwall. ... all 2 3 at Dublin di Bellaat J tine.. 100 - - st Dun„rerthdi Ab.J nue... iOO 70 72 2.a East Loudon all 6 7 10 Do 15 - - 2.1 Do 10 - - et Glasgow AS. Western lOO 104 106 at Great Eastern ..: tOu 36 37 36J i et Do. E. Aug'. No. 2 lOO 61 7 at Great Ziortliot Scotlant! lOO is 16 et Great Northern ... 100 106 107 1071 at Do. A stock at Do. BaLiok lug 126 te.B et GtS, and W. 01 Ireland lie r 3 100 at Gt. Weatein -Original lt,o 551 56i 511 f :t Do. South Waite et Do. W. Alid.-o.xlor.i lOO 31 16 et Do. Newport et Lancashire a. 1 orr.tntrv ltt I'lsl- k 6 at Lon., iirigh.,A s•Coai , t lui. 44 441 44 41 OJ Do Scrip - - et I on., i;ttat., :mu Dt.ci 110. ., 141 161 at Ut.i. Iletrop. Ex. A.• 1 st Lou. A Aoriti 1V.,5'..ci let 1.11 12 I 12.1 ; at Lou. A Soutu ii eisicri lO O. 1.1 113 St 511 Man., 61ie1., .1 Lincoln .• let CS 031 at Metropolitan .. • lOO 14 141 141 31 at Do Eitel:ll , u .. 5 Do. Neu rd .. - - et 31, tzopolitan District. all 33 35 10 11, trop. 6t. John's it ood d - - st M.u, sun et 1. 0 Litman. A Ova,: at Nii Ili 13/111,111 at 1., .Nd., POI., A Dui..... ICO st Nor eastern - tier %vie. .. Let) 25 D . ..U.1.1.E puroh.at... 10.13.1 - at D_,l.ce,'.B ....... ....... VA, 761 771 st Di; Vcrk at D oCarli,:le .... • lib - - at D °Stock. A Darling leo :50 1.57 at North Loudon .. lOO 1 6 .111 10 Do New 1818. 4 11 2 p st North Staffordshire leu 47 59 601 1 at North aui , S.-W. Junction 100 9.,1 101 10 Do New 1:10 shares 7 ... •• at 11.1 , :onney at Shropshire Union 1(0 s:it 1:01 at South. Devon:.. at South Eastern lOO 761 77 st Staines, Wok'harn, A Wok all, 13 li st 'i au t ale . luu 154 158 -- Do. C ... - Wait:at:lll & liiilicnLy ICO 10 Waterloo di Whltehail 6 itski 1181 RAILWAYS-PREFERENCE SEAR ES AND IiTOCKS. b 6 88 st Bristol and Exeter 4 p.ceut. 100 at Caledonian ‘tre., No. 2 lOO at Do. Scut. N.E., 41 per cont lOO at Do. Aberdeen, gua 6 p.c lOO at Do. do. 7 per cent lOO st D 9. do. Ordinary 199 at Do. Midland at Do. Dundee and Arbroath 100 20 Cornwall, 5 per cent gua all st, Dundee, Perth, and Aber deen Junction lOO at Do. let Class preferenco lOO at Glas. & S.W. gua.s per et lOO at (-it. Eastern, E.G Ex. No.l 100 at Do do N 0.2 100 st Do du 6 per cent 100 at Do East Anglian Asp. c. 100 at Do do B 6 do. 100 at Do do 7 do. 100 at Do do No. 1, 5 p.c. 100 at Do E. Union 4 P.C. gua. 100 at Do Nor folk p.e.Ex.1816 100 st Du do 5 p.c.WaY.Va1.16 47 100 at Great Nut tueru, 5 per cent 100 at Do I p.c., rd at 1U p. c. pm. 110 Do 4 1 do do do 100 st Do 5 do at sp. c. pin lOO st Do Leeds, Bradford, and Halifax, 6 per cent lOO at Gt. Nrth of Scotland, Ist pf 100 at Great South. and Western (Ireland) 4 per cent lOO st at.West.—Orig.&Jut. - Bunt chg., per gua,. 5 p.c lOO at Do. °rig. (B. c .11. Ex). 5 p.c lOO st Do do 41 per cent. 1850 lOO at Do do 4 do do at Do do 5 per cent. rodent lOO at Do do Birmingham gua lOO at Do do do prof lOO at Do do Chester guo. lOO at Do do do 8 per cent. 100 st Do do do 5 do 100 at Do South Wales, gua. 4 p.c. 100 at Do do 44 p.c lOO at Do do 44 1850 lOO at Do do 5 at Do West Mid. Oxford latg. 100 at Do do 2d gua. 100 at Do Newport, lst g.. 5 p.c. 100 st Do do 2il du 100 st Do gua. 51 per cent. 1363 100 (.10 Lancaster ct Carlisle 41 p.c. ail at Lancash. & Yorksh. 6 p.c. 100 at Do Barnsley, £5 Os 10d p.c. 100 at Do 6 p.c. (East Lancashire) 100 st Do 41 (Blackburn purch). 100 at! Loudon & Brighton, sp. e. 100 uaz i a ,e n r te o z e ci o , N Lg o l gua N u. 2. 100 do do l9O B at t! D D o u g 6 st Do S do N. 4 lOO at Do 7 per cent lOO at Do 6 do (W.E. & ) 100 st Do 4 do 1850 lOO at Loudon, Chatham, &Meer 5 per cent eti Loudon and C. an d Nuneaton 5 per tient lOO at Do Bed.f.vd &Cambridge lOO st Do Shrewsb'y & 10d at London and S W. 7 p,c late 3d shares, lOO a Do (Yortsm.perp ens 2563) all a Man., Slid., & Linclu. 6 p.c. 100 ... Do a Do 3 per cent lOO 64 6G 1 Do redeem. 6 per cent. 5 at Mid. Consolidated., 6p. c... 100 139 13 . 5 a Do Bristol& Birm., 6 p.c lOO 1;2 134 a Do 41 per cent. redeem... 106 141 100 a Do 41 per cent. irredeeni... 100 96 100 a Do Leicester& Irchu,4 p.c lOU 80 91 at North British, 5 p.c.N0.1... 100 at Do E. A. U. 4p.e. S. & D... 100 st Do N. 8., N 0.2, 5 per ceu.t.. 100 at Do Border Union, 51 p.c... 100 at N.-Basteru—Cons. 4 p.c.... 100 87 . 85 at Do 41 per cent. redeem-- 100 97 00 st Do ti IS.E. 4 per cent., lOO 17 Do Larwick capital 3.13.4. • ... 73 82 93 Wit 104 106 9ra 100 00 92 80 02 07 92 68 72 b 5 9J 1/.5 116 116 1 , 3 116 1/6 :)8 1 3 133 130 135 96 100 Do York, U. & L purchase. 10 10 101 Do Stcktu Drliug. A. 3 p.e. 100 107 1010 Do W Hartlepool li. and lt, lOU 86 86 20 10s lOs Ds 1,0.6. North StalToidsliire b. Devon Auuuities, 14s all 8 1U Do Tavistoek Anus., 10s all Si 9i Du Fixed 44 per eeut all 8 81 S. bast. (Read. Anus., 1.0.6) all 22 23 at Do 41 percent lOO at Do Fired 41 por cent lOO at Taff Vale No.l lOO 154 156 at Waterford& liillronny, 6pc 100 .. 110 112 14i 150 RAILWAYS.-PREFERENCE SHIRES AND STOCKS. With Dividends contingent on the Profits of each separate year at Chledouiau 41 p c gua. at Do Scot. Ceu. iuiu. 7 p c lOO ... at Do 41 p irredeem all ... at Do 4p c con. issued at 80 65 ... at Great Eastern. 41 por cent. 100 77 80 at Do 5 do, 1862 lOO 87 90 at Do Now 5 do, 1863 lOO 80 88 at Do do 5 do, 1861 lOO 83 86 at Great Northern, 5p c irrod. 100 at Do Permanent 5 per cent. 100 at Do Boston & Sleald, 41 pc 100 at Great West., W. Midi., 5p c 100 at Do Joint perpe. 5 p c,1.865 100 33 92 st Do do 6p c irred. , 1833 100 110 112 20 Do Vale N oath perp. 5p e all .. • . at Kent Coast, 6 per cent, 8... 100 b Lane. and York. New 41 per cent till July, 1871 2 1p at Loud., Brig exc., 41 pc, 1853 100 ..„ at Du do 4 du, 1800 100 st Do do 41 do, 1861 W 0 ..„ at Do do 41 do, 1802 100 „.. at Do do 5 do, 1865 100 at Do No. 6 5 do, 1866 100 at Do No. 7 sdu at Loud , Chat., &c., 2d, 6 p.e ..„ st Do Metrop. Ex.,116 p.c Do do C G 100 at Loudon& iS Western, 5p c 100 108 110 at London &S. Western, 41 p c 100 93 95 10 Man. Sher. & Lin., 5 pc, 1865 all 9 91 st Metropolitan 5 per cent lOO 100 102 at Midland, A. 5 per cent pref. 100 107 101 at Du B b do 109 107 109 18 Do 5p c opt. to cony. to ... ... 10G Ord. Stk . :, Sept. 1, 1869 all 201 21* 18 Do Incony. NOW Shares all 19 19* 22 Do 5p c con. into Old Stk., Aug. 31, 1872 Bl 11 2fF at North British, B. and u No. 1, 5 per cent lOO ... at Do £lO guaranteed, 1861 100 Do ... E ,P., &Dun., 2tl, 4pc 100 ... at Do E.& Cl, No. 2, sp.c 100 ... at Do N. 8.. 5 per cent, 1662 100 at Do E. & N 0.3, 5 p.c 106 at Do E. & G., (Ordiry) 41 p c 100 at North Eastern, 41 per cent 100 97 09 at Do Stock. & DarL, 100 112 113 at North London, 41, per cent (Max. 5 per cent) at North Staffordshire 4p c lOO at South Eastern, 41 pc, 1859 100 at Do 5 do 1861 100 at Do sdo (Ch. Cross) 1863 100 at Do 5 do, 1864 at Victoria St.& Pimlico, 41 pc 100 RAIL WAYS.-LINES LEASED AT FIXED RENTALS et Birkenhead lOO 91 93 93 00 Do. 4i per cent. Prefer all 94 100 at Buckinghamshire 'it Chester and Holyhead lOO 89 63 st D. 64 per cent. at D - 4 do. •••••• 100 11C 112 at Clydesdale, guaranteed lOO et Colchester Steer Valley et East Lincoln, gua. Bp. c lOO 132 138 20 Gloster and Dean Forest all ~, s Gt. Eass.., Newm., &c., 6 p.c 100 a Do. E. U. Harwich, 4 p.c 100 at Do.do.Woodbrg.Ex., do 100 at Gt. West, W. Mid., Here' 100 96 98 60 Hull and Selby all 110 112 at Lancaster and Carlisle lOO 212 218 at London and Blackwall lOO 99 95 961 st Do. 44 per cent lOO ••• st London, Chat., &c., 44 p. c. 100 ~ ••• st Do. Com. Fund, 5 do 100 st London and Greenwich st Du. do Preference... 100 „.. at London, Tilbury, & South 100 83 86 et Lowestoft, gua 4 per cent... 100 70 81 et Do. d' ' 6 do 100 „, 64 Manch., 8e... 1. Ma' all st Midland, Brallord, Pref... 100 92 94 14 Mid Kent Cray Lit,) 50 Northern& East.,s per cult all +53 56 80 Do. do. 6 do. all ... et N. Eastern—Hartlep00l et N. West. A peril. prof, 5p c lOO 107 109 at Do B minimum 14 p.c lOO ..„ at Notting. & Granth. C lOO 91 93 25 Preston and Wyre. all 44 48 Royston, Hitch., and Shop. 100 132 134 et Shrewsbury ancl Hereford 100 132 131 10 Do do 8 2 21p a S. Yorksh. and River D un 100 57 99 1.) 4 per cent gua lO2 74 80 do at Vict. Station and Pimlico lOO - at West Cornwall .... 109 57 63 20 West p London, ondon, d C o iass ........... all 1 3 14 20 20 Do do Q...... all et Weymouth and Portland... 100 .7 st Wilts and Somerset ....... . 100 13; DOCKS. et East and Weal India lOO 12 12 London and St. Katherine lOO 42 51 100 D cDeb. stock, 4 par cent all Milltvall Freehold Land at Dock lOO 27 32 at Southampton lOO 6 70 Surrey QiNuulorcitA „„,„ 2 100 08A 10 k a JOINT-STOCK BANKS. . Closing 'Boernelei Share; NAME. :Paid. Price done 10 Agra Limited, A all 101 11 11 15 Do B lO 31 1 50 Albion l3 10 8 00 Alliance, Limited 20 Anglo Austrian 20 Anglo-Egyptian, km all 22 2,/p 221 1 20 Anglo-Hungarian 8 14 21 20 Anglo-Italian 1866, limited 10 5 4 40 Australasian 20 Bank of British Columbia all 12 t 3 20 Do issued at 2 pm__ , 5 5 4 25 Bank of Egypt 20 Bank of Otago, lira. 25 Bank of South Australia all 30 32 50 Bank of Victoria, Australia '25 37 39 10 Bank of New Zealand all 141 161 50 British North American 20 Chartered of India, Austra lia, vird China all 18 19 25 Chartered Mere. of India. London, and China all 32 34 20 City lO 10 11 100 Colonial '2s 36 37 10 Consolidated, lint. 50 Delhi and Loudon, lira 50 East Loudon, lira 6 21 11 20 English and Ana:rican, lira 10 ... ... 20 English Bank of ltiu de Ja neiro. lim lO pr 1p 20 English, z:cottisli, and Aus tralian Chartered , all 161 164 281 Hong Kong and Shanghai Bank Corporation all 36 38 281 Do new lll 4 6 100 Imperial, lira 2O lb 16 20 Imperial Ottoman lO '25 221 12 1 .5 lonian all 19 22 25 Do new 5 6 3 Lnd Mortgage of India, liin 4 34 31 100 Do .5 p. c. Delei.lB64, 30 all 76 i 6 SO .00 London Bank; of Mexico and South America, lint. 20 5 4 151 100 London and Brazilian, lint. 45 14 30 20 Du new 71 6 41 WO London & River Plate, lira. 40 11 13 511 4 25 Do new 10 11 2 p 11 4 20 Loudon Chart. of Australia all '23i 241 23 20 London and County 2O 491 801 50 Do new iss at 20 p.m, 16 pa ll ... . London Joint Stock 3ll 321 London and South African al 8 9 100 London & S.-Wcstern, lira, 20 13 11 50 London & Venezuela, lint l2l ... ... 100 London and Westminster 2O 571 581 100 Do Scrip, iss at 10 pni 2O 100 Merchant, lint 10 Metropolitan, lint all 7 4 7 5 00 Midland, lim. 5 National of Australia 25 National of Liverpool lira. 15 3d 1p 00 National Provinc. of .Ened 42 ... ... 10 Do . ..... .. 42 ... ... 50 National.. 3O ... .. 20 New South Wa1e5............ all 41 43 20 North-Western 25 Oriental Bank Corporation all 4l 42 50 Provinc. Bank. Corpo., litre lO 61 01 30 Provincial of Ireland 25 90 92 19 Do new. all ... ... 100 Stand. of Brit. S. Africa, lint 25 14 11 100 Do issued at Gpm lO 8 6 25 Union of Australia all 40 43 100 Union of Ireland, lira 50 Union of London TELEGRAPH COMPANIES. 0 Angio-American inn all 101 201 10 Anglo Mediter Tel., 1im.... AO 17.4 17 1 et Atlantic Telegraph lO 143 151 at Do. 8 per cent. at B. and I. Magnetic Tel., lira lOO 178 183 st Electric & Inter. Telegraph 100 25i: 2t3 10 Do. New 8 12 13p 25 Indo-European Tel., Lim— 10 ld pr 5 Loud. Provincial Tel. lira all 21 4 1 Do. Prefer. 10 per cent all i 1 p 10 Mediterra. Exten. Tel., Inn. all 61 7/ 25 Reuter'a Telegram all 79 81 20 Societe Transatlant., lim all id 1 61 ise it Submarine Telegraph 1 Do. Scrip all 1/ li 4U. Kingdom Tel. Co., lim all 7 74 S Do. 10 per cent. Pref all 4/ 5 p MISCELLANEOUS. 10 Anglo-Mexican Mint all 151 to 25 25 A A u u s s t t r r a a l l i i a a n n m Ag o r rt icu L l a tur nd al a a 2Ol 16 17 Finance, lint. 10 Baugarah Tea Estates, lint 3 bd 10 Berlin Water Works, lint all 131 Ili 10 Do. New 100 Bolckow Vaughan, lint. 5 Bombay Gas, lint. all 41 41 15 Do. New I 11 id 50 British American Land 44 15 17 20 British Indian Tea, lint all 21 31 20 British Ship Owners 7l , ... 29 Canada Company all 63 t. 6 10 Canadian Loan and Invest ment, lim ... 20 Ceylon Company, lim. 20 Do. A shares 10 City Discount, lint 5 25 City of London Real Pro perty, lim 9 5/ 41d 30 City of Milan Improv. lira. all ‘ , 25 City of Moscow Gas, lira— all SO City Office., lim 25 50 Colonial, lint. Do. 50 Commercial llnion (Assur) 6 10 Company of African Mer chants, lint. 32 1 d 20 Continental Union Gas, limn all 2d 27 25 Copper Miners of England, pref. 71 per cent. 100 Corporation of London Bonds, 1877, 41 per cent. all 1031 1041 100 Do. 1879, 41 per cent. all 1011 105 i 1.00 Do. 1882, 4{ per cent. all 103 104 10 Credit Fon. of England, lint. all 21 21 50 Credit Fon.of Mauritiuslim lO 31 91d 2 I at Crystal Palace lOO 21 23 at Do. Preference lOO 95 100 at Do. 6p. c Peipetual Deb lO9 107 119 20 Darjeeling, Rm. 10 Eastern Assam, lint. 6l ... ...d 50 East Indian Land Credit and Finance, lim. 20 East India Irriga. & Canal all .. .. 32 Ebbw Vale Steel, Iron, and Coal, lira. 100 Egyptian 9 per cent. V'roy. Gua. by Egypt. GOT oh/ 941 141 941 5 41 20 Egyptian Com. & Trad. lint.. 3 Eug. & Aust rat. Copper, lim 25 15 English and Foreign Credit 71 41 Sod 100 Eng. and Scot. Marine, lint. 8 ...d 10 Fairbairn Engineering 5 3 2d 20 Fors-streetWarehousc,iiin l2 1 2 p 161 100 For. & Col. Gov. Trust awl Loan Scrip, issued at £B5 all 83 90 50 Gellivara, lint. 2O 10 General Credit & Dis., lint 71 If id 15 General Steam Navigation 14 27 29 50 Home & Col. Marine In. lira 5 2 5 211 10 Hong Kong and China Gas all 20 Hudson's Bay all 121 13 20 Imperial Land Co. of Mar - seilles, lint. 20 Interua.Financial Soc. lim 5 2 14 20 Interna. Land Credit, lint. 6 6 4d 50 Italian Land z ld p 20 Italian Irri. (Canal Cavour) all 3 3 4 100 Do. 6 p. c. Bds., redeem 1870, issued 90 all 6 7 69 50 Land Securities, lint 2l 1 4 25 London African Trading. 10 7 5(1 ,, 25 Lon. & Caled. Marino, lira 6 ••• •••'• 10 London County Land and Building, lint 50 Lond. Financial Asso., lint 30 2 2 21 8 5 4 Lond.Gen.Omnibus.Colim. all 2 21 50 Lond. and Glasg. Engineer and Iron Ship, lint 25 21 16d 20 Lorl. & Provincial Marine '2 i d p r st Madras Irriga. & Canl. (Ina. sp.c. by India Gov. 10 Mauritius Land, Credit, and Agency, 1int...... 50 Merchant Shipping, Rm.._ all 32 37 50 Millwall Iron Works, lint. 121 ••• 10 Natal Laud and Colonisa tion Co., lint. 25 National Discount Co, lint lim 101 111 25 National Pro v. Mari n e , lint. 4 ••• • • 10 National Steam Ship, Wu. all 91 101 20 Nerbudda Coal & Iron lint. 6 3 ,, 3 , d iA 10 New Consolidated Dis. lint. 3 5 New Quebrada, lint 4.8.0 45 41 25 New Zealand Loan & Mer eautile Agency,lim II 19 25 New Zealand Trust and Loan, lint j 14 1 10 Northern Assam Tea, Um 5 7 5 10 Do. B st North Brit. Austral., lint lOO 48 51 50 North Brit. & Moreau. In 65 19 195 25 Ocean Marine (Insurance) 5 13 14 50 Oriental Financial, lint ll • Oriental Gas, lint 5 Do. New 1 3 IP 10 Otago and Southland In vestment, lint id JP 5 Ottoman Gas, lint l4 21 10 Panama, New Zealand, and Australian R. Mail lint • Do. do. st Peel R. Land & Minerl, lim 100 31 8 4 50 Peninsu. & Oriental Steam all 6 43 50 Do. New 1867 lO 11 Id 50 Rhymney Iron 1 Do. New 2 Rio de Janeiro City Im.,lins. all 18 19 Do. Gas, lint all 28 251 251 100 Royal Mail Steam 6O 48 50 Scottish Aust. Invest., lint lOO 78 83 Do. 6 p. c. Guar. Pref lOO ••• ••• Societe Fin. d'Egypte,liin. 10 7 6d Societe Geu.de I'Empire Ot. 3 21 3f 50 S. African Mort. & Inv., Hui. 6 ... _ 25 South Australian Land all 33 34 20 Telegraph Con. & Main.,lim all 29 29i 224 1i 20 Thames and Mersey Marine (Insurance), lim 2 21 3 20 Trinidad Petroleum, lim Bl ... ... 10 Trust & Agency of Aus.,lim 1 i 1p 10 Do do. do. all ••• ••• 20 Trust & Loan Co. , U. Canad a 6 i „ _ 50 Union Marine L'po ol, lim 6 44 Illp 20 Union Steam Ship, lim all 22 24 15 United Discount Corp., lim 6 at 1 1 : r i p 284 6 7 100 Viceroy of Egypt, 7 per 2 31 0 00 v.O ap Universal npeDriAems sa ll apin z Tea,iLanen(lduni m . ) , lira. cent. (Mortgage) Loan , all 29 EO 801 50 Warrant Finance, lim. l2 11 10d 50 West India- and Pacific Steam, lim 2O 5 3 20 West London Wharves and Warehouses lO •.. ... .101,0N1AL GOVERNMICNT SEcußiTly, Columbia, 0 per 0ent.,157 2 .... Do. 16 0 .. ' 100 - 1877.8 4 im"ta n.. . 1 .4 " . U . 1 .} 100 1041 107 i CD- DD:00n..:65(11P: •2 • r e a b e n ‘ r do do July u S g e .. l 1 10 0 1 41 2 11 21 3 1 ° 9 0 4 0 4 4 106 - D - o. . 5 - Cili - D au o p l Ae J P(4 a pi n :ll4. P ti e Y e 61 : 8P • 1 bi o 1 991 1 189 .1 ; 1 I': 100 1 : 0 1° 87 8 1 1 1319: 1 1 : 931 - Do. 5 per cent. 13 April and 15 Oct., 1900 .. 100 98 100 - Ca) ion, NOV ISM 0 p.c.. 100 108 110 - Do. 1879. d 0.... 10 0 105 lo p - hlaurttlus, 6p. 6 1 1878,.. - Jab. and Jul) , 130 104 10 4 - De, istg - pp, ) Mt, )day and Nc' 1.. 00 106 los I :- D MelbourneN ° .3 816 . G B7 .goysi, Feb.eD C , de° do t naut J tgn. ll : lY .: 11 ;0 9 0 1 1 : 0; 1 1 0 : 4 ° - Natal 6 p triApl& Oot.i. Ao -- Po oko. Ala* 165 di to '75.. 100 49 101 - DO. 6 p.c. 1888 to 1896... 100 99 100 1024 - Do. 5 p.c. rd.'67 to '75.. - N.Zealand, 6p. et. 1891.. 100 - -- Do. 6 per cent..... DoJan,Aprl,July, Oct lOO 91 92 92 I - Do 6p c. Mar it Sept '9l lOO 108 1101 103 - Do Jure & Dec., 1691 100 lug 111 - Do rrov. ( i Auckld. 180 , ( aerie , 1& 2, 1895... - Nova Scotia 6 p.c.Jan - and July. 1876 . 190 - Do 1866 lOO 10 - QuAenslud. 6p. c. '53-G- lOO 107 1084 110 4 _- Do 1891 - Tasmanian 6pe re 1895 . 107 10'.) - Do 1893 97 . - Victoria 6 per cent.lB9l lOO ▪ Do, April MCI Oct SPIRIT OF THE PUBLIO JOURNALS, The Times reluctantly confesses that the Imperial speech of Monday cannot be regarded as altogether satisfactory. The Emperor, in fact, does not seem to understand the immense change which he has effected, and his mind reverts to a system which has passed away. The mot which elicited the applause of the Imperial retinue— " rordre Hilo-ads "—is almost a repetition of the senti ment in the previous speech. It is true now as it was true then ; but Frenchmen have advanced in the interval, and the echoes of the promise had scarcely died away when they began to ask themselves what will happen when the speaker's voice is mute, the resolute will dissolved, the guardian power powerless. Tho Emperor learns by the logic of events, and it is his good fortune and that of France that he differs from his predecessors in possessing this faculty; but he is still apparently a slow scholar. He has not yet mastered the full truth that the Ministerial responsibility he has conceded is incompatible with the theory of per sonal government he would fain retain. He is, as we have said, embarassed between the two principles. France desires the reconciliation, not of the Empire, but of the Emperor with liberty, and we look forward to the coming year with interest, but without anxiety. The reconcilia tion cannot be effected without the consent of the Emperor, but he is probably aware that the danger would be with him and his, rather than with liberty, if he stubbornly opposed its development. Everything has so far encouraged him to proceed. The first revival of parliamentary life among the members of the Corps Legislatif is manifested in a firm resolution to reconcile freedom with order. The Emperor himself properly attributes to the good sense of the nation the discomfiture of the impracticable and extreme revolu tionists who seemed at one time the objects of popular favour. If he will only act upon the truth thus recog nised, his dynasty may be strengthened by the peaceful adoption of self-government by the people ; his reluctance to "crown the edifice" would certainly not prevent its being crowned, although it might endanger his own throne and prevent the inheritance of his son. Lord Derby or Lord Salisbury—who shall be leader? asks the Daily News. This is the question which the Conservative party and press are now debating. Both of them have the political standing and the intellectual capacity necessary in a post which cannot be said to have been filled since the retirement of the late Lord Derby, though it has seen occupied ad interim by Lord Malmes bury and Lord Cairns. The general sentiment is, we be lieve, in favour of the present Lord Derby. Respect and regard for the father haye something to do with the not very decided preference which is entertained for the son. He has been for 15 or 16 years Mr. Disraeli's lieutenant and counsellor in the House of Commons. He is versed in all the secrets of his party, and has sacrificed much that he doubtless values—time, strength, and reputation—in its behalf. He is possessed of a cool and sober judgment, which can judge very well of the exigencies of the moment. To piercing foresight or deep insight he makes no preten sions. As a political leader, Lord Derby is even stronger in the weakness of his chief competitor than in his posi tive merits. If Mr. Disraeli is to be the head of the Con servative party, and to lead it in the House of Commons„ Lord Salisbury cannot lead it in the House of Lords. An arrangement of this kind would produce two Conservative parties, obeying a different inspiration, and pursuing different tactics in the two Houses. Lord Salis bury must change his doctrines, or the Conservative party must admit the justice of the accusations made against them, and consent to reverse their course, if he is to lead and they are to follow. Opponents could desire nothing worse for the Conservatives than that they should commit themselves to his guidance. We have no particular admiration for Mr. Disraeli's theory and practice; but they are at least of a higher order than the statesmanship and the historic philosophy which Lord Salisbury appears l to have derived from a too exclusive study of the writings of the late Sir Archibald Alison. --- - The English prison of last century, says the Telegraph, was simply a hole in which men and women languished amid dirt, damp, squalor, and semi-starvation. In many provincial gaols the allowance of bread was barely suffi cient to keep body and soul together ; and when a blunder: ing philanthropy endeavoured to contribute to the suste nance of the " poor prisoners," the donations of the bene volent were often appropriated by brutal and unscrupu lous gaolers. But civilisation made progress. Howard was thanked by the House of Commons for his book on " The State of the Prisons." Jeremy Bentham was allowed to elaborate his plan of a Panopticon or " House of Occupation" at Mill bank. At a later period, Fowell Buxton, Elizabeth Fry, and Edward Gibbon Wakefield, developed their plans of reform; and we now possess new, improved, civilised, clean, orderly prisons. The cells are beautifully venti lated. Prisoners no longer go half-clad, dirty, unkempt. For all this, in the opinion of most thinking people, a modern prison is as much a curse and a scandal to the land as any of the old dens of filth, hunger, and nakedness, where the outcasts or victims of society, or the objects of injustice, lay on straw with the iron of the gyves eating into their limbs and entering their souls. The county magistrates and the Legislature would do well to weigh the most significant passage in Mr. Sergeant Payne's amendment, " that the imprisonment of old offenders who have been many times con victed has altogether failed to produce any good effect." These few words embody the gravest criti cism which could possiblybepassedon our highly elaborate prison system. We treat our prisoners more humanely; we give them chances of thinking on their former ways, and discerning the possibility of a better and more honourable life. But, so long as we hold that our duty is done when a man hostile to social order is shut into a clean and comfortable cell, we shall profit little by our superior humanity and more systematic regulations. That costly fixed machinery of architecture, healthful precau tion, and well-planned discipline, is practically wasted so long as it is not informed by the life of reformatory effort ; and, until we earnestly set ourselves to turning a man out of prison a better creature than he was at entrance, all our labour and ingenuity may be very nice for the prisoner, but will be merely useless, if not absolutely mischievous for the community. The Post observes that a ease has just occurred which deserves special attention, as an illustration of the perse cution which may be carried on under cover of obsolete, but unrepealed, Acts of Parliament. A Mr. Jackson a few Sundays since saw a crossing-sweeper at work. He told him that if he did not stop sweeping during church hours he -would summon him, and then he went on his pious way. However, as the crossing sweeper " did not desist " at the word of Mr. Jackson, Mr. Jackson took out a summons against him under an old Act passed in the reign of Charles 11., and procured the infliction upon him of a fine of ls., which, with the costs, must probably have amounted to something like 16s. or 17s. Now, when we see a crossing-sweeper visited with a penalty which it must be impos sible for him to have paid, and brought thereby to misery, and possibly, through providential interposition, to starvation, we must be thankful that we live in a country where there are to be found men and means capable of making the Lord's Day to be respected. Seriously, it is lamentable to find such a spirit of narrow and petty persecution abroad ; but the way to put a stop to it is to insist upon its being carried out thoroughly and impartially. That, at any rate, would furnish a method for trying the amount of popularity which the statute would command when brought to bear upon others than crossing-sweepers. It is not to be wondered at, remarks the Standard, that the Ministerial organs should be out of humour with the Tipperary eleetiOn, and that they should receive with an ill grace the congratulations which we have addressed to them upon that event. After all the elaborate attempts to fit Tipperary with a proper candidate, the rejection of the Government Fenian in favour of the people's Fenian is something more than flesh and blood can bear. To assume from our satisfaction at this event that we are disposed to "arrest the progress of reform," and to resort to "force alone" for the cure of Irish evils, is an impudent conclusion which not even the occasion of this great Liberal discomfiture can warrant. None of the Conservative journals have used language so violent and so threatening against Ireland on account of Mr. Heron's defeat as the Times itself in the very article in which it pretends to deprecate the appeal to force. Never before has its sense of the disordered and lawless state of the country been so keen as since the Ministerial defeat at Tipperary. All this is excellent wisdom; but we protest against the journal which is moved to it only after the Tipperary election, giving itself airs of superiority for its freedom from the ordinary tricks of faction. If such is the duty of the Govern ment, it was its duty just as much before Mr. Heron had been defeated by O'Donovan Rossa. That event cannot have enlarged in any way the functions of a Liberal Ministry. The affront to the Crown had been given even before the electors had been compelled to choose between the Fenian and the Fenian's advocate; and it is absurd to pretend that any new outrage has been added `to the list since the Government have lost a seat in Tipperary. THE GOLD DISCOVERIES IN NEW ZEALAND, — The New Zealand papers give very favourable accounts of the gold discoveries. Some stone crushed at the Kuranni Company's battery yielded 4oz. of gold to the pound. A large reef lately struck at Karaka Creek has yielded on an average 2oz. to the ton. The result of crushing 35 tons from 91, All Nations cls l ip ga,ve kliapka,244s 106 107 93 101 99 37 IN 1/0 113 GS 72 23 22 d 3 1,1 pr i p TURKEY AND EGYPT. VIENYA, Dec. 1. The Presse of to-day states that the Board of Directors of the Credit Anstalt have resolved to decline the offer made to them by Baron Heirach to participate in the New Turkish Loan. The New Free Press alleges that the Firman of of the Porte was forwarded to the Khedive on the 29th ult., and further asserts that therein the Otto man Government emphatically insists on the com pliance of the Viceroy with the demands made by the Sultan. 7 111TIVU tti II GUN MANUFACTORY. The visit of Mr. Childers during the past week to the Whitworth Gun Manufactory at Manchester certainly appears to lend some confirmation to the rumour obtained to a certain extent in the navy, that the First Lord of the Admiralty is not quite so well satisfied with the present ordnance and their projectiles, mounted on the decks of our molt re cently commissioned irenelads, as may generally be supposed. We have been so long accustomed to praise so highly the coil-built gun and is s ogival-headed Palliser projectile that possibly the known (Ideas of both have been ignored, and a false belief engendered cf their infallibility. If the First Lord really entertains any doubts as to the efficiency of our present rifled naval gun and its projectile as an armour-destroying power in any future action between the ships of this and any other country at sea, he is not at all singular in that respect. For some time past a feeling has been growing up among naval officers and others ac quainted with the subject, that, as we increased the size of our naval ordnance to 12, 18, 25, and now to 30 tons weight, we were drifting rapidly into a state of things that as yet was not by any means clearly defined or understood, but which it was just possible might be attended by two primary condi tions that should render the guns of our ships prac tically harmless against an enemy's armour. The two conditions that threaten the efficiency of the Artillery of the navy are-1, the acknowledged weakness of the gun itself, and its incapability to withstand the burning of very largely increased powder charges ; and, 2, the defective properties of the projectiles and their brittleness. The weakness of the guns has been officially acknowledged by the order to give the turret guns for the new ship, the Devastation, five tons weight of metal each in excess of those of the Monarch, although the guns of each ship will be of the same calibre, and will throw the same weight of projectile. Their weakness was also very fully entered into and illustrated by Sir Joseph Whitworth in a paper read by him before the Bri tish Association at Exeter, in August last, where he stated that the battering charges to which the 25- _ ton guns of the Monarch were limited was 70 pounds of powder, when the charge due to their weight of metal was actually 150 pounds. The deflects of the ogival-headed projectile are known and ad mitted beyond ail dispute. As, therefore, it is equally beyond dispute that all naval actions in future will be fought, not muzzle to muzzle, or with each pegging away at the thickest part of his enemy's armour and opposed to a concentrated fire from his heaviest guns, but as far as may be possible on obtuse angles and with the shot striking ob liquely, where lies the fighting value of the ogival headed projectile ? If it strikes the side of an armoured ship obliquely—as in the firing at the turret of the Royal Sovereign—it flies off at an op posite angle to that of its flight from the mouth of the gun to the ship's side, for it has no " bite," or it breaks up into a thousand pieces. It has made good penetration into and through planking and targets, but with such work done by ,it the gun has been fired at right angles with the plate pierced, and then the cone-headed form of the shot enabled the latter to "shoulder" its way through. There is no record of oblique firing at armour plates or plated targets with the present naval gun, nor does there appear to be any record in existence, at the Admiralty or elsewhere, of the question having been closely considered in its application to iron clad fleets of the present day. It is to be hoped that Mr. Childers will, in this instance of the guns and their projectiles for her Majesty's ironclads, act as be has done iu other instances at Whitehall — see into the matter personally, and form his opinions independently of any interested advice, however vehemently it may be tendered. The subject is one of such vital interest to the efficiency of the navy that no neglect or compromising measures can ever bide it from public sight. BANK OF FP►ANCE. PARIS, Nov. 25. The following is the return of the Bank of France for the week ending to-day, together with the cor responding figures of the previous account : DEBTOR, Nov. 18. fr. c. Capital of tho Bank 182,500,000 Profits in addition to Capital (Art. 8, Law, June 9, 1857 ) -7,044,776 02 7,044,776 0 Reserve of the Bank and its branches Reserve of landed pro perty Notes in circulation Banknotes to orderand receipts payable at Nov. 25. 182,500,000 22,105,750 14 22,105,750 14 48,888,246 08 48,715,100 26 sight ..................... Treasury account cur rent creditor ......... 200,084,471 97 241,426,478 9 Current accounts, Paris 322,251,095 51 314,063,990 85 Do. branch banks...... 43,568,562 46,226,102 Dividends payable...... 949,892 918,241 Discounts and sundry 7,724,287 57 8,018,542 35 interests ............. . Rediscounted the last 991,660 38 991,660 38 - six months Surplus of recoipts not distributed - - Sundries Total CUEDITOR. Nov. 25. Nov. 18. Cash in hand and in fr. c. fr. c. Branch banks Commercial bills over- 180,857 77 390,570 66 due Commercial bills dis counted, not yet due 319,822,421 01 308,584,308 43 Do. branch banks 295,968,399 292,978,850 Advances on deposit of bullion _ Do. branch banks Do. on French Public 18,815,100 - 2,581,380 - 18,735,900 2,760,78 19,058,300 - 8,965,600 - 19,011,700 8,454,900 Securities Do. by branch banks Do. on railway shares and debentures 89,988,700 Do. branch banks Do. on Credit Fonder Bonds Do. branches Do. to the State (Con vention, June 10, 1857) 60,000,000 Government Stock re -12,980,750 14 12,9 80 , 750 14 serve Do. disposable Rentes Immobalisees (Law, June 2, 1857) 160 7 000 , 000 100,000,00 0 Hotel and furniture of the Bank and landed property branches Expenses of manage- 2 116 747 63 ment 2,123,0 69 08 ~1 81 55 Sundries 39,939,200 32,969,350 1,097,600 -- 1,266,600 - 1,097,100 1,270,000 60,000,000 9,187,784 - 9,190,184 Total ............... 2,247,986,40 1 29 2,223,546,962 49 (Signed) ROULAND. THE WHEREABOUTS OF DR. LIVINGSTONE.—AII anxiety regarding the fate of Dr. Livingstone is, we are rejoiced to say, at an end. From a recent telegram we learn that in may last he was at Ujiji, on the east coast of Lake Tanganyika, in lat. 5 deg. S. To this place his supplies had been sent Burton gives the distance from the coast at 540 geographical miles, increased by the winding route pursued to 950 milee, occupying 150 days' march. It is the great mart for slaves and ivory and palm oil, and the most fertile place in that portion of Africa. The fair season lasts from May to September. While on this subject we would mention that the map which ap peared in our last issue was drawn by the author of the paper, and did not emanate officially, as our expression might seem to indicate, from the Royal Geographical So ciety.—Yature. BREAXIAST.— EPPs'S COCOA.—GRATEFUL AND Coat - FORTING.—The very agreeable character of this prepara tion has rendered it a general favourite. The Civil Service Gazette remarks : —" The singular success which Alr. Epps attained by his homoeopathic preparation of cocoa has never been surpassed by any experimentalist. By a th oroug h knowledge of the natu ral laws which govern the operations of digestion and nutrition, and by a careful ap plication of the fine properties of well-selected cocoa, Mr. Epps has provided our breakfast tables with a delicately flavoured beverage which may save us many heavy doc tors' bills." Made simply with boiling water or milk. S o ld only in tin-lined packets, labelled jAMIS grrs An d ,GQ.,ll9voopattig c cmif3tp, LtnAl9n, S L'O &TING INTELLIGENCE—This P.a.v CROYDON INTERNATIONAL MEETING. Ow ELECTRIC TELEGRAPH.) The races are postponed one hour on account of the frost—probably the Hurdle Race will be- run first. CROYDON RACES-YESTERDAY. SELLING HURDLE RACE. Sapling •• • Topsy Saturnalia Eleven ran. STEWARD'S PLATE. Moose Keystone Goodfellow.. ,•w 2 Nineteen rau GRAND NATIONAL HURDLE RACE. Ci fatal ... Brick 'riuco I'aul Eight lan. STEEPLECHASE SWEEPSTAKES Lord Waldegravo Black Prince Toy Eleven ran. HUNTERS' RACE. Buxton Lady Stanley Roseeleer ... Niue ran. RACING FIXTURES-1870. FEBRUARY. Derby 10, 11 I Newton ~.25, 2G Harrow ' l7, 18 I - MARCH. Nottingham 1, '2 I Epsom 29, Liverpool B, 9, 10 Bromley n : A pril 1 War wick 22 , •28 24 I APRIL. Northampton 5, 6 1 Lewes . • 26, 27 West Drayton 7, 8 1 Croydon 28, 2'J Newmarket Craven 18 to 21.1_ MAY. Newmarket Ist S 2 to 5 I Harpenden 2O, 21 Chester • lO to 13 I Bath 24, 25 Winchester 10, 11 I Stamford 26, 27 Salisbury l2, 13 i Croydon 26, 27 York 17, 18 I Epsom SI to Junei Doncaster 19, 20 I JUNE. Croydon 8, 9 I Newton 22, 23 Manchester 8,9, 10 Hampton 23, 24 Ascot l4 to 17 I Bibury Club 29 Windsor 21, 22 Stockbridge-30, and July 1 JULY. Newmarket 5 to 8 I Nottingham l 2, 13 I Chelmsford , 12, 13 R ea di n g 12 I , 13 West Drayton l4, 15 Huntingdon l9, 20 Kingsbury 21, 22 Goodwood 26 to 29 AUGUST. Brighton 2, 3 I Stockton 17 to 19 Brighton Club 4 1 Oxford lB, 19 Lewes 5,6 1 York 23 to 25 0 I. 9, .1 0 Egham Windsor 11, 12 1 Bromley 16, 17 I Plymouth 25, 23 Derby 30, 31 Weymouth 30, 31 SEPT. Warwick . . 6, 7 Abingdon B, 9 Doncaster l3 to 16 Hampton 20, 21 EMBER. Richmond 2O, 21 I Western Meet. (Ayr) 21, 23 H en don 22, 23 I Newmarket Ist 0ct..27 to 30 TOBER. Bedford 4, 5 I Newmarket 2fle 0ct..10 to 14 Leicester 6, 7 Cheltenham 18, 19 Bromley 6, 7 I Newmarket 1i0t'n...21 to 29 NOVEMBER. Liverpool 8 to 11$ Shrewsbury 11 to 18 STEEPLECHASE FIXTURES--1870. FEBRUARY. Birmingham 8, 9 Harrow l7, 18 Derby 10, 111 Newton 25, 26 - M ARCH. Liverpool 8,9, 10 I 8r0m1ey...... 31 and April 1. West Somerset 16 , 17 Cheltenliam...3l and April 1 Warwick 22 to 21 I . APRIL.' Aldershot 7, 8 1 Kingsbury lB, 19 FRANCE. PARIS, Nov. 30. Yesterday 80 Deputies belonging to the Ma jority and Tiers party held a meeting, under the presidency of M. Etnile 011ivier, who said that the Deputies should now enter, without reservation, upon a path of extended conciliation with regard both to measures and men, in order that liberty may be preserved. It is stated that amongst the 25 deputies of the Tiers party, who dissente I from M. 011ivier's views, several consider the Emperor's Speech to be tirm and at the same time liberal, and are there fore of opinion that no interpeflation should be ad dressed to the Minister respecting the postponement of the opening of the Chambers until the verifica tion of the elections is completed. It is rutnourLd that M. Leroux, Minister of Com merce, has tendered his resignation to the Emperor, and is now a candidate fur the post of President of the L:gislative Body. The Gaulois of to-day states that the resignation of Prince de la Tour d'Aavergne has been accepted. LONDON GAZETTE—Last Evening. WINDSOR CASTLE, Nov. 25. This day had audience of her Majesty: —The Count de Lavradio, Envoy Extraordinary and Minister Plenipoten tiary from the King of Portugal and the Algarves, to de liver his letter of recall; to which audience he was intro duced by the Earl of Clarendon, K.G., her Majesty's Prin cipal Secretary of State for Foreign Affairs. CROWN OFFICE, Nov. 30. MEXBER RETXJ3.NEO TO SERVE 1N THE PRESENT PARLIAMENT. County of Tipperary--Jeremiah O'Donovan Rossa, iR the room of Charles Moore, Esq., deceased. WAR OFFICE, Nov. 30. BREVET. The following promotions to take place consequent on, the death, on the 11th Nov., 1869, of Major-General John. MiCoy, Royal Artillery, viz.:— Colonel Henry Sebastian Rowan, C. 8., Royal Artillery, to be Major-General. Captain and Brevet Major Charles Edward Stewart Gleg, half-pay, late 14th Foot, to be Lieutenant-General. Captain Thomas Nind WoodaH, half-pay, late 57th. Foot, and Staff Officer of Pensioners, to be Major. BUDGET OF MISCELLANEOUS.—The New York World thinks a good many railway directors might bo accommodated in Sing Sing as well before as after Com modore Vanderbilt converts the prison into a railway depot. --The victims of the Stonewall disaster are placed. in rough coffins and buried in a long trench dug on the crest of a hill near the river. dispute as to the ownership of a hog appraised at 5 dollars was tried in Lawrence county, Ohio, a few days ago, the costs of which amounted to $2OO. —Thu latest from Washington is that Secretary Bothwell in tends to resume specie payments at noon on January 1.-- The keeper of a peanut stand in Washington recently died, leaving his daughter, who still carries on the busi ness, $60,000.—A policeman having savscl a New Jersey lady, at Elizabeth, from insult, she has given him $lB,OOO. —Sugar beet cultivation has been commenced in California on an extensive scale, and experienced workmen and the best machinery for making sugar have been imported into the country from France.—The Wilcox and Gibb's sewing machine manufactory, Potter's machine shop, and Cush • n and CoggleshalPs tack works at Taunton, Massachusetts, were totally destroyed by fire Nov. 10. Loss, $25,000. The insurance is unknown.—The third annual Convention of the American Institute of Architects was to be held in New York ou Tuesday and Wednesday, the 16th and 17th November.—ln New Mexico a priest is detailed to accom pany every stage to give absolution to those who may be killed by Indians on the route.—Boston has just shipped shoes for the first time to China.—The Onondaga giant is now on exhibition at Syracuse. lie "rests on a slight elevation covered with black velvet and surrounded by an iron railing. The body rests on rubber cushions, and lien in the same position in which it was discovered." It was taken from the spot where it was, discovered perfect on all sides, and is shortly to be subjected to a scientific investi gation. In excavating the giant a copper coin was thrown out, upon which was a Welsh inscription aud t he ate of 1091.—Cincinnati is to have a new s4oo,oooants' Exchange.— The young lady clerks in the Treasurl at Washington are known by the beaux as "Revenue Cutters !"—Mr. Clarence Cook writes to the Tribune that medical science and education in France, if not going Aeri backward, are a t a stand-still, and that American physi cians and advanc ed students, who go to Paris, assert that no t only are th e medical men there, both physicians an d surgeons, b ut the courses of lectures and the P a Ar macut Providence, risY ot fotohk and, ep t hlae during se: the affray,t lathfearßl: rihsihnd h sh ti t ph : E li otseo jil ug ca. hli; captain a bullet in his foot. The ringleaders were arrested.—Sowe Western newspapers are calling on the Government to establish more stringent quarantine regulations at San Francisco, as it is asserted that a number of Chinese emi grants afflicted with leprosy have already arrived in that city.—The number of codfish . caught on the Pacific coast during the season amount to one million sixty-f onr thousand. —There are at present 300 German newspapers or perio dicals of various kinds in the United States, exclusive of journals, such as the Agriculturist, which, though appear ing in English, publisl AR edition at the Name time in the hintne. ;ra as; 311 1