The Sun. — London, England, 1866-03-12 00:00:00

HONEY MARKET AND COMIVIERCILL INTELLIGENCE, TWELVE O'CLOCK. The Money Market presents an easier appearance, and there is, consequently, a better feeling in dis count circles. There is not so active a demand for accommodation, but at the same time the supply of capital at the command of brokers and ethers is also less. The rates are 61 and 68 per cent. An amount representing £72,000 in gold was taken to the Bank on Saturday. With regard to the affairs of the Joint-Stock Discount Company, the Stock Exchange com mittee have unanimously passed the following re solution :--cg That no circumstances have been sub- I: flitted to the committee to induce them to interfere with the settlement of transactions in the shares of t he Joint Stock Discount Company (Limited) in the ordinary way.,, From the manufacturing districts the accounts for t he past week have generally been of a satisfactory character. Business at Manchester has been more animated, and there has been a good demand for c loths and yarns suitable to the Indian and China markets. Spring goods at Leeds, Bradford, and ttuddersfield have been dealt in to a fair extent, 'While in the hosiery and lace departments of Leices ter and Nottingham the operations have been to a considerable extent. In the hardware districts of Birmingham, Sheffield, and Wolverhampton busi ness generally has shown symptoms of improve kent. Two O'CLOCK. According to Reuter's telegram the French Three per Cent. Rentes were quoted at 6 9f. 75c. but quiet. The market for English Government stocks has been buoyant, and a further improvement of 4 per Cent. has taken place in Consols, which are 874 Money, and 874 1 for the account. The New Threes and Reduced Annuities are 85 ; Exche quer Bills, 7s. prem. to 2s. dis. ; India Stock, 210 ; and do. 5 per Cents., 1024 4. Foreign StOcks have been well supported, al though no material change is shown in prices :- 4 urkish 5 per Cents. are 384 ; Mexican, $224 do. New, 204 4 ; Greek, 154 16 ; Spanish Pas "e) 274 1 ; the Certificates, 164 4 ; Italian, 611 ; Brazilian Scrip, 24 prem. ; Egyptian Railway Scrip, prem. ; and Chilian Loan, 24 34 prem. U nited States Government 5-20 Bonds are 704 ; Erie Shares, 54 ; and Illinois, 784. t . Business in the Railway Share Market has con lulled rather dull, and there is no improvement to z : i e Port in prices. Midland, Lancashire and York "tire, and Great Eastern have each receded about ts. The Foreign and Colonial lines remain without material alteration. Grand Trunk of Canada, how ever, have improved £l, to 365. Bank and Miscellaneous Shares are quiet. Al :lice have receded to 27k, and European to 11 f 2. 'rlglish Joint Stock are marked 7} 8; Joint Stock " 18 count 11-1 dis.; London Financial, 101 a ; Na- L l ri onal Discount Company, 122 13 ; and Overend, i , l irney, and Co., 171 Imperial Land Company 1 Marseilles are quoted 2f 3 prem. BRITISH FUNDS-CLOSING PRICES. 8 GOVERNMENT FUNDS. Der Cent. Consols 8 Do. A ccount, Apr i l 5 I i oPer Cent. Reduced B5 w 3 per C en t 854 i 1v 2i per Cent. Jan. 1894 - tio . 6 per Cent. Jan. 1873 - Ann uities, 30 yrs, expire sth Jan., 1880 - .1-10. for 30 yrs, expire sth April, 1885 - D 0 (Red Sea Telegraph), Aug., 1908 - -- ""°Litcpier Bills, X 1,000,3 per Cent. - Do D £5OO - r, £loo and £200 - alak of England Stock, 5 per Cent i„ 41) ,„ dux GOVERNMENT SECURITIES. Tall Stock, 101 per Cent., April 1874 2lO - t,' ). 5 per Cent. July, 1870 . 0 . 4 per. Cent., Oct. 1888 - ",..;0. Certificates 4 -'„ 0 . Enfaced Paper 4 per Cent - Do.-°. per Cent., Jan. 1872 - D 5 per Cent., May 1879 - . 'Deb., 4 per Cent., Aug. 1866 . Bonds, £l,OOO - - DO. under £l,OOO - pm A 'FOREIGN FUNDS-CLOSING PRICES. -`arCentino Republic, 6 per Cont., £l5 pd - pin 11 - 1 . 118 .,,a 0 Bonds, 5 per Cent, 1859 - DO.-44 wan 5 per Cent - 4 i per Cent., 1852-58-60 bo. 1863 7 -, DO. .1865 "° Acco t - xd F, .Un /3,j°. Scrip, £35 paid u p: o u os Ac A. c y o r un es t 6 per Cent 2 4 4 pm - D D - 0 £ICO B on d s - ei, l ? 1 Per Cent. (Deferred 3 per Cent ) - o ls.n 6 p er C ent - c I ° . 4 1 per Cent - eUb o() 4 p er m ina 6Cent. , - b 6_per uent. - D 3 per Cent., 1825 - I_lbian Principalities ' 7 O t ri "° Account Vj a der New Consolidated, 1 per Cent l2 E.,..0., Provisional Land Warrant - P tian 7 per Cent 9ll 90 4 ' 0 ., Second I - N O., £l OO Bonds ssue ~, Do. 1864 93 24 De. .£lOO Bonds 94 34 4 f,'o. Government Railway Debentures - o ' O . .£l5 paid 1 Pm I '„ ° e- 1 / 4 5 icer Cents., 1824-5, ex Coupons 151 r,O. Account ' l , O . Coupons t . ,,' 0 . Account itleinala 5 per Cent. -- D u "' 5 per Cent, 1865 - -,,0 Account 771 7 14'0. Ilaremmana Railway 62 pZiean 3 p er C en t - 0 . Account - , Dn 1864 2O 41 0 - „ ° , Per Cent. Anglo-French 1 0 ",' e videan 6 per Cent, £3O paid - tie - ' Bll Imperial 5 per Cent - A' Granada x l ° 2 Per Cent - D o D eferred - b0.°,1-iand Warrants (Hectares) - 0 0 kr Cent, 1864 - P ei . , juranteed, 4 per Cent I) ° . v ` 4o 5 per Cent., 1865 - o -ceount - D o 3 A per Cent. (Uribarren) - Port ° ,. 4 i Per Cent., 1862 - Do goose 3 per Cent., 1853 - 1);; A ' Ce nt., 1856, '7, '9, '6O, '62, '3, - 44 s coun 14 144 5 per Cent., 1822, £ St BB D O l per Cent. 1850 D o - ; Per Cent., 1860 D, `,' Pei Cent. 1859 - 8 1:)," '', Per Cent. 1862 B 9l 90 89 4142 I ard - i„", Per Cent. 1864 93 13/ ) "'au 5 per Cent 40isli Cent D e . CC per .0 _ .61. (Mut V' New Deferred 37 n Account - D ° o Passiv e 274 tba Account .- 0 1118 5 Cert. of Coup not funded 164 4 13 wel A t ecount 164 i 121 0 - ' B A °, 4 per Cent. - iitl c i,: is t Per Cent. 1864 - I) --` 6 per Cent. 1854 h° Account - -Jo 6 :: it Do s ;6171:0:e oo r o u Bonds et Bondsn t. 1858 D e A ccount - '1)„ 6 A Per Cent. 1862 68 4 D o g Per Cent. 1863 - 1) 0 " Per Cent. ' 1865, paid up Scrip 3B 4 bo Account ' - Ve lie , 4 Per Cent. Guaranteed - Diiinilela 3 per Cent.. - B o ""6 acc ount - bo. Per Cent, 186 A ccount - D o 1 1) °. 1864 - ' 1 Per Cent - Alia 4 ividends on the above payable in London. s elgi l „''''; s pn Cent., Ex. 10 Florins - Llt - t h;.1, 4 1. per cent.; Ex. 25f. - . 13 0 - 1 41 re" O .,Ex. - 12 s oil - re tte , _Per Cent. Certificaies - 444'4 Itontes 3 per Ceut. - D 0 A 5 Per Cent., 1861, Ex. 2sf. . ..eeount en .1, 0 1 8 for THREE O'CLOCK. 0 0 A money "'eeeunt B7l 3 1 4R,, 'llgag e ment was made on Wednesday by the Nati r a s ella Ppell with M r. Ch ar l es Di c k e ns for the latter Pala - , 11144 to gi ve t h irty readings, for the largest . sumever t've„'" a lectur er i n this country. Th e series to be il l different t owns, and Liverpool, Bi rm i ng h am, an d k ar lehest er are included. The first reading will bo of .Dr. 44,, t.) . ° 0 1 11 d, at St . James's Hall.—Correspondent of Birnztng vt 'nat. it i ?bi's NEW OPERA, " DON C ARL OS," will be, Ani s st: (l, in five acts, of which two have already been 1815%" The book, w hi c h is founded on Schiller's play, "g wri tten by Me ry, and is nearly completed. The Will be p er f ormed in December at the Paris Opera. Dkrt L., 41411 ' a nd Mme. S axe will appear in it, but the chief ' 4 l not yet been assigned. MARE MARKETS,—This Day, ORDINARY SHARES AND STOCKS. Share) Railways. I P-- .; A .1 Closing I Business Prise. done. Bristol and Exeter Caledonian Cambrian Cork and 8and0n...... Cornwall Dublin & Belfaut June Dun„Perth, & A b.Junc E.London, .trip Certi Do. 100 , 100 10 all all 100 110 93 95 130 132 65 70 13 15 4 6 67 70 70 72 G lasflow S. Western Great Eastern, Ord. stk. Do. E. Angl. Bt. No. 2 Great North of Scotland Great Northern Do. A stock 118 123 38i 39i 61 7i 123 124 14) 14. bO: i 3 stOOk Do. .New, lg. at 25 pn GtS, and W. of Ireland Gt. Western -Original •D; S. Val. Rail gua. _ 8S 90 L9k 69, Do. South Wales; Do. W. slid.—Oxford' Do. Newport Do. Hereford.......: 60 61 30 41 31 38 102 104 1191 120 87 8i 06 ei 36 38 44 48 120 122 92 /3 63 6 131 132 21 2/p 1 1p 97 98 Lancashire &Yorkshire London and Blaokwall on., Brigh., & S Coast on., Chat., and Dover Do. Metrop. Ex. A Lon. & North Western Lou. & South Western Man., Shet., & Lincoln Metropolitan. Do. New Do. Lxtension..., Metropolitan District. Do do. do. I Do. and St. John'sW'd Midland Do. E 9 Share 12* 1231 1 2 2}l• 92 94 ii;"; tiirmin.. & Derby %lid Kent . . North British Do. Ed., Pth , & Dun Nth. Eastern—Berwicte Do. G.N•E purchase Do. Leeds Do. York CO 6 28 30 109 110 70 72 103 108 Bo: Carlisle Po. Stock. & Darling. Do. do. 1860-61 35 37 106 116 p 122 125 1y 2p 16 2p 75 27 11 12 148 149 68 70 112 114 North London Do. do. 1864 Do. do. 1865 North Staffordshire N. & S. W. Junction Scottish Central Scot. N. E , Aber. stock Uo. Scot, Mid. stick Shropshire Union ISouth Devon Louth K.stern 51 53 75 77 Staines, Wok., (I; Wok Taff Vale 8 9 141 144 Do. C Vale of Neath Waterford & Kilkennx Waterloo & Whiteha West Cornwall EIRITISII Atlantic & S. Lawrence Bom.,Baroda, , t Cen.ln. u.. 5 per cent... Do. F shares Buffalo & .Lake Huron Do ['reference Buff.,Brant, &Godcrich 6 p.c. 872-3- .....••• Calcutta It S. E., Um.. ave Town Ja Dock, gu. Oemerara, 7 p.c. per. p: Nast. Beneal, gu., 5 do East Indian, gu. 5 p.c. Do J Extension .• I Grand Trunk of Canada Do. Equip. Mort. Bonds 1 charge 6 p.c Do. Ist Pref. Bonds Do. do. deferred Do. 2d Pr. t. Bonds Do. do. deferred ... • Do. 3d Pref. stock Do. do. deferred ... • Do. 4th Pref. stook Do. do. deferred .• •• Gt India Pen. gua. sp.c. 1:o. Gus. 5 per cent Do. New gua. 5 p. o G t. South of India gua. 5 per cent Do. 41 per cent Do Great Wes. of Canada Do. New .. Do. 6 p. c. Bds. pay. 1873 Do. 54 do. pay. 1877-8 Indian Branch, limited Madras, gua. 5 p.o Do. 41 do _ _ Do. 4; do Do. Fifth .I , 3xtension Melb. Cor. 6 p. c. Bnds. Mel. & Hudson's Bay N. Itl.C'da,6pc Ist pf. bs Scinde -I 0 Do. Delhi Do. do :7l Do. Punfaub Do.lndus St. Flo t `"' COLONIAL GO VTR; British Columbia, 6 per cent., Dec.3l, 1372 .... Can.Gov.6 p.c.Ja.dsJuly 1877-84 Do. 6 g. c. Feb. & Aug Do. 5 p. c. Mar. & Sept' 00. 5 p. c. Jan. & July Do. 5 p. c. Inscribed sk Cape G.lTope, 6 p.c. 1873 Do.Apl.&Oct 1890-1900 Do. do; 1880-9, , Do. Jan.&July, 1890-91 Do. sper cent. 15 April andls Oct., 1900 - Ceylon, Nov. 1868, 6 . p. t Do. WN ••-• dt , • Mauritius, 5 p. a, 1873, Jan. and July Do. 1.78 - Do. 1882, Mayls, Nov. lb Do. 1895, Feb. & Aug.. Natal gov. 6 per cent.. N.B.Gov.6p.o.Ja.ADJuly N. S.W. Gov. 5 ire., 186 t, Do. 5 p.c. 18;1 to 1876 I Do. 5 p.c. 1888 to 1892 New Zealand, 6 p. cent Do. 5 per cent.:.. Nova SoAla Gov. 6 p. c sterling, 1875 Queensland Gov. 6 p. c 6. Aus.Gov. 6 p,c 1868-9 Do. 1878 & upwards IVIc,Gov. 6 p.c. Ja &July Do. do, A pril & Oct., BRIT 1, Cam. Consol. ti old, lim Chiverton Clifford A malgamated Devon G. Cons. (Tavist Drake walls East Bassett (Illogan) Last Caradon East Cam Brea ii.ast Grenville East G unnislake .. East Loved E. W'l Russell (Tavistk Gam.Bs StAubyn(G wen. Great L•acey, limited Great South Tolgus Great Wheal Busy G. Wheal Vor (Helst.ni Grenville Herod's Foot Hingston Downs Margaret (Uny Lelant Starke Valley Iwyndy Iron Ore, Um New Se ton North Roskear N.Wh'l Bassett (Illogan North Wheal Crofty Prosper United Providence ,Uny Lelant . S. Caradon (St. Cleer) South Condurrow S.Wheal Fran. (Illogan dtray Park Tin Croft Vigra and Clogan, West Bassett (Illogan W. Caradon (Llskeard West Chiverton West Seton Wheal Bassett (Mogan Wheal Buller (Bedruth Wheal Mary Ann (Men 1 Wheal Seton Wheal Trelawney (Las 3 !p 102 104 51 63 ,ESSIONS, as aJ 102 108 fcl ID ai 7 10 11 76 80 96 98 63 70 100 192 101 102 IUS 106 34 36 83 90 66 68 60 63 59 61 50 15 45 49 42 45 34 36 33 $5 109 3 / 4 INN 1 3 / 4 2 p 1 2p 99 100 91 93 161 161 3 3}• 94 46 86 e& 1 4 d 100 102 02 94 88 N 62 64 8i 82 98i 991 98 99 98 I 4 99 c [T SECUR 94 96 93 96 95 97 t•O 82 73 90 101 103 104 106 104 105 101 103 90 92 101 103 100 1.8 102 104 103 105 103 105 IC4 106 99 101 93 95 93 95 87i 88; 100 102 8t 84 28 100 98 100 104 106 1084 1074 H MINES. 8 9 15 17 560 68) I I 18 N 7 8 34 44 34 4 1 t 4 10 1 4 3 31 5 7 20 21 14 2 34 28 29 3} 84 33 40 41 5 • 5 • 7 4 44 24 16d 35 40 13 15 t 32 34 390 410 li 3.2.0 1&18.9 85.15.6 2 2i 18 22 9 H 19 20 4 6 § 10 75 0 165 175 824 874 25 274 3 5' 205 215 15 17 [ARTS. rUEFERENCE 13 Great Western Orig. 4i per cent `pr., goi North Eastern, Cons. pref., 4 per cent., Stockton and Darlingtonul, 5 per cent., 26 North Eastern, West Hartlepool Harbour and Rail., 79} PREFERENCE SHARES AND STOCK. Caledonian. 4i per cent. gua. stk., 93 LINES LEASED AT FIXED EENTALS. London and Chatham, 4} per Cent, 87 Midland, Bradford Pref. Stook,.9ofr FOREIGN RAIL WAYS. Bahia and San Francisco, ILn., gee. 7 per cent., 15} i Central Argentine, iii Ureat Luxembourg, 16 FOREIGN MINIM Chontales Gol dand Silver Mining, 3/ St. John del lLey, tim., 54 3 BANKS. Agra and Masterman's, lim., 531 / lim.. 271 Australasia, 724 4 Bank of Egypt, 314 Bank of Queensland, lira, 19 4 Chartered Bank of India. Australia. and China. 24 Chartered aler. of India, London, and China, 464 Eng ish Joint Stock, Ern., 71 8 European Bank, lim., 114 12 imperial Ottoman, 124 London and County, 76 7 London and South African, 16 London and South-Western, lim., 104 blidland , Bank, lim., 20 National dank, 76 Oriental Bank Corporation, 531 South Australia, 146 Union of A ustralia, 531 Union of London, 541 31 MISCELLANEOUS. Atlantic Telegraph, 8 per cent. gua., 2/ Australian Mort. Lard and Finance, lim., 54 Berlin Water Works, lim., 10 Canada Company, 87 Ceylon Company, 94 Ditto, A shares, 24 Con:mercial Union, I usuranCe, 74 Consolidated Discount, lim , 5 Credit Foncier and Slobilier of England, 84 Ditto. new, 74 Discount Corporation, 10 r.bbw Vale, 71 Egyptian Com. and Trading, Urn., 4 Gen. Credit and Finance oi Landon, Um.. 4} a Gene. al Steam Navigation. 28 Hudson's Bay, I6} 1:1 Imperi.il Mercantile credit Asso.. Um., 5} International Financial society, lim., 6 4} International Land Credit, lirn., Italian Irrigation (Canal Cavour), . _ Ditto, 6 per cent. Bonds, redem. 1870, issued 81j Joint Stock Discount, lim., 111 10j London Financial Association, lim., 10 j London General Omnibus Company, lim, 3/ Madras Irrigation and Canal, 12} Ditto (all), 17} Merchant Shipping, Um., 11 alillwall Freehold Land and Dock, 8 National viscount Company, 121 13 orth British and Mercantile Insurance, 191 Ocean Marine Insurance). 21/ Oriental Inland Steam, I/ Overend, Gurney, and Co., lim., 17} f Peninsula and Oriental Steam, 72 Telegraph Construction. and Maintenance, Ditto (X 1 2 ,, 11} Universal Marine, Insurance, lim., 3/ THE SUN, LONDON, MONDAY EVENING, MARCH 12, 1866. MARKETS.—This Day. MARK LANE. The trade for wheat in the country markets held on Saturday ruled quiet, but without tending to any material change in prices as compared with the previous week. The demand was chiefly for good and fine qualities of produce. Barley was very firm, and prices had an upward tendency. Oats, beans, and peas ruled firm at full quota tions. The flour trade was steady. On the continent very little change has taken place in the value of cereal produce, and although business is by no means active prices are decidedly firm. At New York the demand for produce for shipment to Great Braitain continues very limited. Fresh up to our market to-day the arrivals of home grown wheat were moderato. Tho condition of the pro duce, although decidedly better than for some weeks past was but middling. The trade as regards all qualities of home-grown wheat was in a most inactive state, and sales oven in the finest wheats progressed slowly. Those, how ever, fairly supported last Monday's currency ; and there is no change, therefore, tonotico in their value. Secondary and inferior home-grown qualities sold at somewhat easier prices. About an average supply of foreign wheat was on the stands. It consisted, however, for the most part of conti nental produce, the market being scantily supplied with American qualities. The demand for all descriptions ruled inactive, and the amount of business transacted was very moderate, at late rates. • Floating cargoes of grain were in fair average request, and prices ruled firm. The supply of barley on sale was very moderato. How ever, the trade was much greater than on Monday last; nevertheless the prices then current were supported. The trade for all qualities of malt ruled firm, at fully late rates. There was a tolerably large supply of oats on the stands. Most qualities were in fair demand at last Monday's cur rency. - ' Beans, the supply of which on sale was very moderate, sold at late sales. Peas were in: but moderate request at previous quota tions. Tho market was very moderately supplied. ft, There was only a moderate demand for flour on former terms. has taken place. The quotations are as follows : Good Australian clothing, is llid to 2s 8d ; do., combing, 2s to 2s 8d; greasy, is 2d to Is 7d; gcod Cape, is Bjd tots sd; medium do., is 6d to is 8d; greasy, 10d to ildper lb. For English wool there has been an improved demand, and rather higher prices have been obtained. Last week's im port was about 6,000 bales. Current prices of English wool per lb. . _ - 8 d a d Fleeces—South Down hoots 1 81 I 91 Half-bred do 1 11 2 0 Kent fleeces South Down ewes and wethers 1 7 1 8 Leicester do Sorts—Clothing Combing possible that, in, common with others, he may have revolved in his own mind the chances of a Ministe rial crisis, and a Ministerial reconstruction. To attempt to build up a third party outside the pale of the present Ministerialists and the present Oppo sition would be to engage in the Scriptural task of making bricks without straw. Materials arc want ing for such an undertaking.: THE " SPECTATOR" ON THE CONSEQUENCES OF REJECTING THE REFORM BILL.—It is useless to speculate further on the contents of the Reform Bill, or even to urge the principles upon which it should be constructed. Within sixty hours of the appear ance of this issue all the world will know what the Ministry propose, and before it appears the bill must have been finally revised. Whether it has been touched and retouched, as the country believes; or struck out at a blow as Ministerialists would like to assert ; whether it is based on statistics, or on a policy only reinforced by th e fi gures ; whether it will dismay the Whigs, or disgust the Radicals, or be received with a burst of unexpected applause, are all now questions beyond discussion. The bill itself will be introduced on Monday, and we shall be in presence of a new force—a force sure to be great, but as yet of totally unknown quantity—Mr Gladstone's speech in defence of a measure which, as he introduces it, he mustbeunderstood to approve. It is no use to talk any more of the effect of a rating as opposed to a rental qualification, of the drawbacks to lodger franchise, of the danger of swamping the counties by the ten-pound voters dwelling in unre- I presented towns, or even of the necessiiy o f disfrari. chising corrupt itte boroughs. The bill is coming, and the only subject connected with it worth dis cussing this week is the duty of Liberals in reference to their vote. Are Liberal members bound to accept a bad bill rather than let in a Government which they believe to be worse than the existing or We are not speaking of the constitueneip: . i f a bad bill goes down to them, their duf,: y . i s s i mple _ to elect Liberal members, pletA Ring them to vote against the particular meanre. We speak now o f members who on solab day next week will be com pelled to declare themselves, to decide by simple yea or nay whether the Government proposal shall be accepted, and who are even now wearying themselves with speculations as to the degree of independence their constituents will concede. Should the bill prove a bad one —one, for instance, like that the public expects, namely, a bill which will simply shift the whole work on to shoulders of the next Parliament, which will degrade the constituencies without admit ting the workmen—their doubt will he whether they can resist it without surrendering the country to a Tory Administration. We believe that they can, that it is at this moment possible to defeat a Liberal Cabinet without seriously endangering a Liberal Administration. Let us suppose the bill defeated, either as a whole, which is improbable, though Mr. Lowe will make a strong battle, or by some great amendment in committee, which is ex ceedingly likely, what is then the probable course of affairs? The Government stands pledged if it cannot carry its measure to resign, and there can be little doubt that the promise will be performed. We question, supposing the defeat to be accomplished by Liberals, whether a dissolution would in the best interests of the party be expedient. The House of Commons now sitting was elected under a Liberal Administration, contains a great Liberal majority, and has done nothing whatever to entitle it to a capital sentence from those who.called it into exist ence. If members waver the country is pretty sure to coincide with its own representatives ; the con stituencies, however Liberal, cannot desire a dimi nution of their own power with any enthusiasm ; and the counties, with a new franchise threatening the great landowners, will be more doubtful than ever. Many wavering constituencies might fall back on the Conservatives, and the great Liberal ma jority, with which so much might be accomplished if it were only used, might be seriously diminished. The Government will, we think, resign if beaten in the Commons, as yet a pure auramption, and then it remains to form a new Administration. The natural resort would l to the Tories ; but could the Tories, hamper; 3 d as t h ey are by Lord Derby's reluctance to take office, and Mr. Disraeli's reluc , tance t(! 'refuse it, organise a working Government? T'.ey cannot dissolve till the house has rejected some proposition. They have not only no majority, but no minority large enough to carry on., daily business. They would be compelled either to rely entirely upon Whig forbearance, which can never last long while so many are hungering for place, or to ally themselves with Mr. Bright, and so as sume the one position which saps the fidelity of their own party. They could not expect help from the dis contented, for rating is in England ruinous to all politicians who cannot plead the national welfare in excuse, and though Mr. Lowe and his friends might join an ad interim Cabinet, a frank adhesion to a Government carried on by Lord Derby would cost them their political lives. Lord Derby will scarcely be willing to try for the second time so painful an experiment as governing through a minority-, more especially if he is to be burdened with the care of a new Reform Bill. And he would be so burdened. Every statesman is aware that be fore the Tory party can revive, that question must be got rid of, that, while it lasts, a Tory Govern ment, however powerful in ability or popular favour, may at any moment be overset. The new rails must be fitted in before the locomotive can move at speed, and Lord Derby has had one lesson on the labour of fitting them without hands specially trained to the work. A real Tory Government is out of the question, but is a Coalition impossible ? We think it is, for the same reasons, and many others. Such a Coalition must be based on a refusal to touch the existing representation—a refusal which the Libe rals cannot be expected to tolerate, indeed will not tolerate. The rank and file will resist, and the Constitutionalists, or whatever they may call them selves, would in a few weeks be in the position of the Peelites, officers without 'a following, and with out the special advantage of the Peelites, their pos session of a financial secret which, as the country justly believed, would work wonders. Unless they took up Ireland with a will, they could have no in ternal policy large enough to overpower party pre possessions, and a Coalition Cabinet relying on Tories, but looking for help to a reserve guard of Whigs, is exactly the Government which cannot effectually take up Ireland. It could not touch the Church without destruction, or affect the tenure except by aid of the party which the Coalition would be formed to resit. It could not carry on the Government k r any time, and the experiment, if ever made, would but enable Mr. Gladstone to reorganise, his party into a harmonious whole, to fram© a Reform Bill which should satisfy the coun ty, and march into power at the head of a party as strong and as fully prepared to act as that which seized the reins in 1832. That is not a prospect at which any sound Liberal should quail, and it is also one which Tories with eyes will not be very willing to promote. Failing Lord Derby and the Coalition, there remains a reconstruction, 'and this, as we believe, possibly after many intrigues, certainly after many heartburnings, would be the speedy re sult of the rejection of a bad Reform Bill. Is re construction a change to be actually dreaded by Liberals? It is clear that it must be reconstruction under Mr. Gladstone, for without him a Liberal ' Ministry is impossible, and he cannot with dignity consent to serve any statesman who has not pre viously been the head of a strong Government. To do so would be to resign his own ultimate leader ship, a resignation which Mr. Gladstone, self-dis trustful as he sometimes appears to be, and unaware of his singular hold over the country as he certainly is, would be the last man to offer. Left to himself, at once Premier and leader of the Commons, able to urge a policy of his own, instead of merely modifying the policy of another, Mr. Gladstone could construct a strong and comparatively a young Government, bring in a Reform Bill which the country would accept as a settlement, and then commence his true career--the great war against pauperism, which it is the first duty of this genera tion to win. Of all living statesmen, Mr. Gladstone has shown the greatest readiness to commence that campaign, the keenest perception of the course by which it may most speedily be won, namely, the use of the strength and o rgan i sa ti on of the state to clear away all obstacles to free and combined in dustry. Of all living statesmen, too, he is probably the one best prepared to face the great Irish diffi culty, to make a successful effort to reconcile a third of the monarchy to the institutions by which that monarchy is supported. Now that he has shown his ability to lead the Commons his Premiership is inevitable, and if Liberals hasten it on by rejecting a bad plan of reform, what is there to dread ? 'Simply nothing except loss to the public of a states man who, great as his services have been—and no man ever deserved better of his country than Earl Russell—is now out of rapport with its opinion, who seldom perceives what it really desires, and, when he does perceive, shrinks as he said in the Irish de bate from the risk of causing heartburnings. The defeat of the Government on reform may cause a temporary interregnum, but the continuance in power of any Government not avowedly Liberal is in the present condition of English opinion an l: f im possibility. Better another year's delay, to be o , than lowed a by m a ea s s t ur ron e g w G h o ic v h ery w n i l l e l n t n a e i n t d h e a r s oi imunprove o r v e f e o r t n h l e , machine nor clear the scaffolding out of the way. THE DUKE OF HA3IILTON'SMAJORITY.--The Duke of Hamilton attains his majority this day, and preparations have been made for entertaining the tenants and workmen on the estates at dinner. Upwards of 300 invitations have been issued to the ladies and gentlemen of the district of Hamilton for a grand ball, to be held in the Town-hall in the evening. The comforts of the poor of the town are likewise to be liberally attondedto• CURRENCY PER IMP. MEA64fRE. Wheat—Essexand Kent, rod, new, per qr. 39s to 4Gs Do., old 465 bls Do., white, old bis 5s Do., new Norfolk and Lincoln, red, old —a —s . . Do., nor Talavom, new s2s 60s B y .— Barley—Grinding Malting 32s 40s Malt—Suffolk and Norfolk Brown Us 63s s&s 65s Kingstown and War• Chevalier Us Ws Oats—Yorkshire and Lincolnsh., Feeding 215 28. Potato Youghal and Cork, black 215 27s Cork, white 23i 281 Scotch, Feeding 224 27. Beans—Tick Pigeons .,„ 465 50a Peas—Grey, new Maple White Boilers Flour—Town-made, per 280Ib 43. 455 Suffolk 825 845 Stockton and Norfolk American, per barrel METROPOLITAN CATTLE. The supply of Scotch beasts on sale here to-day was confined to 201 head, mostly in very prime condition_ There were a few beasts on offer from Norfolk, brought forward from Thursday's market; but no fresh arrivals were reported from any of our grazing districts. The show of foreign stock was large, and, with the exception of the imports from France, in middling condition. Owing to the small number of butchers in attendance the beef trade was very quiet, at a decline in the quotations com pared with Monday last of 2d per 81bs. The choicest Scots realised 5s 6d to, in some instances, 5s 8d ; prime French, ss; and prime Dutch, 4s 10d per 81bs. There was an increased supply of English sheep in the pens, and the quality of all breeds was good. Foreign sheep came freely to hand. The mutton trade was inactive, at 2d per 81bs less money compared with last week. Prime Downs and half-breds sold at 6s 6d to 6s 10d per 81bs. Lambs were in fair supply and moderate request, at from 7s 6d to 8s per 81bs. The few calves in the market were wholly foreigners The veal trade was firm at fully late rates, viz., from 5s 8d to 6s 8d per 81bs. We had a moderate number of pigs on sale. The demand for thorn was heavy, at from 4s to 5s per 81b. Per 81b to sink the offal. adsd a d 2 d Crse.dt inf. beasts... 4 2 4 6 Pme era-wool sheep 5 10 6 4 Second quality do ..4 8 5 0 Prime &thdown ao.B 6 13 10 Prime large oxen ..5 2 5 4 Large coarse calvcs.s 8 6 2 Prime Scots, &c.... 5 6 5 8 Prime small d0......6 4 6 8 Crse. and int. sheep.' 2 4 1 0 Large hogs .4 e 4 4 second quality do ..5 0 5 8 Small porkers ...4 8 5 0 Lamb....os Od to 0, Od. Suckling calves, —s to —s ; and quarter-old store pigs, 30$ to 33s each. Head of stock on sale. Total supply. Foreign supply. Beasts 2,100 I Beasts 1 6-0 • Cows ' Cows. - Sheep Calves ll5 Caves ll6 Pigs :9) Pigs The total imports of foreign stock into London, last week, amounted to 14,441 head. In the corresponding week in 1865, we received 5,905; in 1864, 4,133; in 1863' 2,806; in 1862, 1,454 ; and in 1861, 2,494. IMPORTS INTO LOIDON LIST WIVE. Beasts. Sheep. Lambs. Calves. Pigs Antwerp lBO ... 3146 ... ... 13 ... 60 Boulogne 3BO ... 1164 „. ... ... 28 Bremen ... 21 ..• 213 ... -- ... -- ••• Gothenburg...... ••• ... ... -- ••• Cadiz -- ••• -- ••• --- ••• --- ••• Calais.. -- ... '." se• .'"" ••• ••••••• ••• ""'' Corunna — ••• --- ••• --- ... ..• Dordt. - ••• -- ••• ••• ••• Dunkirk •--- ..• - •••• ...... ••• - •.. ....".. Delfzyh. . -- —.-- ... -- ~.. -- “. Hamburg 415 ... 1769 ... ... „. 61 Harlingen. ..... - .... -- ”. -- Oporto 4l ... •.• ..• ...". •.• - Ostend - ... 502 ... ..... ... .— ••• ' •—• ... Rotterdam 1647 ... 3842 ... Bl7 ... 4128 Tonning - ••• —• ••• ... ...... ••• Total 3,198 ...10,461 830 ... 272 The yearly comparison of weekly imports is as follows : Beasts. Sheep. Lambs. Calyei. Pigs. 1866 1864 1863......,, 473 ... 2111 220 2 A statement and comparison of the supplies and prices of fat stock exhibited and sold in tho Great Metropolitan Cattle Market on Monday, March 13, 1865, and this day, Monday, March 12, 1866. Per 81bs. to oink the offal. March 13, March 12, 1865. 1866. ad id id a d. Coarse and inferi or b eas t s 3 6t o 40 4 2to 4 6 Second quality do. Prime large oxen 4'B 410 52 6 * Prime Scots, dro. Coarse and inferior sheep Second quality do. Prime coarse-woolled do 5lO 6 2 510 6 4 Prime Southdown d o 6 4 6 6 6 6 610 Lambs Large coarse calves Prime small do Large`hogs 4 5 5 O Ei 4 6 5 0 4 8 4 66 682 0 Neat small porkers 4 2 410 4 8 5 Beasts 4,240 2,210 Sheep 15,010 20,690 Calves Pigs SUPPLIES ON SALE, March 14, 1865.—Beasts, 4,250 — sheep, 18,170—calves, 82—pigs, 208. March 16, 1863—Beasts, 3 ,sBo—shoep, 18,140—cal Yes, 61—pigs, 370. NEWGATE AND LEADENHALL. Large supplies of country-killed beef and mutton were on sale here to-day, and sales progressed slowly, on rather lower terms. Veal was very dear, owing to its scarcity, whilst the pork trade was somewhat heavy. Per 81b by the carcase. (I a d Inferior beef 3 0 3 4 Middling do. 3 6 3 10 Prime large do 4 0 4 4 Prime small do i 6 4 8 Large pork 4 0 4 6 Lamb, Os 0 od id Inferior 1 1 111tt011.; 3 044 Middling mutton 4 64 10 Prime do 5 0 5 4 Veal 5 0 6 0 Small pork. 4 8 5 0 Id to Os Od. BOROUGH AND SPITALFIELDS. Thosupplios of potatoes on sale aro less extensive. The trade, however, is by no means active. Nevertheless prices rule firm. Annexed are the qoutati ons:— Kent and Essex regents Scotch do. Yorkshire do 6os to 95s „ „ Flukes 7os to 110 s „ „ Rocks 45s to GOs „ BOROUGH HOP. Only a moderate business is passing in most kinds of hops. As compared with Thursday last, prices exhibit no variation of importance. Last week's imports amounted to 48 bales from Boulogne, 137 Antworp, 61 Hamburg, and 37 bales from Rotterdam. New Mid and East Keats Bos to 140 s par cwt. New Weald of Dents New Sussex Yearlings —s to --s „ SEEDS. Linseed moved off freely at very full prices, and the value of rapeseed was well supported. Agricultural seeds met a slow sale. Cakes were in steady request on former terms. TALLOW. Tho tallow trade is firm to-day, and prices have ad vanced sinco Monday last. Tho quotation for P.Y.C. is 49s Gd per cwt. on the spot. Town tallow command 48s 3d net cash. Rough fat, 2s Gd per 81b. Particulars. 1863. 1864. 1865. 1866. Stock this day 45,G23 55,877 43,057 85,865 Price of T.O. I—s Od —s Od —s Od —5 Od Delivery last week 1,032 1,628 1,628 1,464 Ditto from June 1 66,995 63,002 63,002 89,717 Arrival last week Ditto frt in June 1.,. 74,329 80.032 81,032 93,099 Price of Town SPIRIT OF THE PUBLIC JOURNALS. THE " SUNDAY TIMES" ON THE OPPOSITION.— The Conservative party has now such an opportu nity of securing the confidence and sympathy of general British public opinion as it has not enjoyed since the last retirement of Sir Robert Peel from the responsibilities of Ministerial office ; and yet it may be alleged with equal certainty that never could a mistaken policy be more injurious to its influence and its prospects than must inevitably be the case at the present moment. The Russell Administra tion is confessedly weak—weak, not from destitu tion of talent or of authority in its individual mem bers, but simply from the natural incongruity of the element of which it is composed; and nobody ex pects that it can very long hold together. What the succession will be must depend almost entirely upon the political attitude assumed and the course of conduct pursued •by the Conservative party in the interval between this and its dissolution. For it is a gross blunder to imagine that, on the possible downfall of Earl Russell, her Majesty has no alter native but to send for Lord Derby. Other combi nations are quite within the range of possibility ; and the ascertained fact that the Liberals have a considerable majority in the present House of Com mons would, no doubt, suggest the wisdom of their being tried, unless the aspect of affairs on the other side should be such as to overa we th ose w h o m i g h t be ambitious of making the experiment. Mr. Dis raeli once committed to a naggling—an ungenerous and narrow-visioned—a merely blind traditional . policy—and that chance lost to him for ever. If Mr. Disraeli will trust his own ideas and instincts, however, and consult the requirements of public opinion at large, as well as the views and prejudices of his followers, he will be in no danger of commit ting so irreparable a mistake. The time for making a favourable impression upon the unpledged ele ments of the new Parliament has arrived. A mong the gentlemen•who sit in the House of Commons for the first time there are many who by the death of Lord Palmerston were releasedfrom all technical obligations to their constituents, and who could support an enlightened, moderate, progressive Con servative government—a government, in short, which, in the free spirit of commonsense, should frame its policy on the dominating interests and obligations of the day rather than upon the canons of a dull and immobile traditionalism—without ex posing themselves to any charge of apostasy, incon sistency, or dishonourable compromise. How shall they be secured ? Certainly, not by any demon strations of dogged resistance to change and im provement. There are a number of questions on which the country has virtually made up its mind, and the solution of which in a liberal sense is neces sary to the harmony of the constitution or the con sistency of the statute-book. Among the latter questions, we are clearly justified in placing chu rc h rates' abolition, the abolition of university tests, and the unsectarian uniformity of parliamentary oath s ; to the former category as obviously belongs the great subject of parliamentary reform. N ow , we will not here travel over ground occupied with his usual individuality of conviction and earnestness of feeling by our correspondent " Episcopos," but we may, in one sentence, indicate the pleasure with which we should have found Mr. Disraeli showing some willingness to accept the olive branch held out to him from the other side of the house. There was in the few words he addressed to the house before the division a tone of acerbity and uncomprising austerity which, had victory followed, would have robbed it of its moral authority, and which, as it happened, imparted only humiliation to defeat. Mr. Disraeli must know that church rates are delibe rately and decidedly objected to by the nation. In the last parliament they were condemned by majo rities which gradually got less as the parliament got older; but no sooner was the question referred again for arbitration to the hustings and the polling booth than abolition is demanded by the country with an earnestness and almost unanimity to which it would surely be good policy on the part of any parliamentary leader respectfully to defer. Let us hope that in committee this error will be corrected ; and that Mr. Disraeli will prove himself generous enough to eccept and sagacious enough to mould a settlement on the basis of mutual concession in which the loyalty of churchmanship and the con science of nomonforulity will find equal acknow ledgment and equal satisfaction. THE "SATURDAYREVIEW" ON MR. LOWE AND THE LIBERAL PARTY.--...The weakness imputed by a sceptical world to the p resent Mi n i stry has b ecome a common topic of conversation. The Times, having , buried them prematurely, is naturally aggrieved that they should venture to be such an unconscion able time in dying ; but the next few week s will probably either kill or cure the "sick man." Since his acceptance of offic e Lord Russell has been ex posed to several difficulties and disadvantages which most men except Lord Russell would have thought serious. The Premier himself has arrived at that honourable time of life at which exertion and fatigue becomes a torture, and find himself called upon to frame a measure of Parliamentary reform for a generation which scarcely acknowledges the Edin burgh Review. He succeeds, moreover, to the poli tical cellar of a statesman who has left behind him more empty bottles than wine to put in them. And lastly, Lord Russell has to manage, through a bril liant but headstrong deputy, a Cabinet that is COM posed o f discordant elements, a house that i 8 not enthusi▪ astic in his support, and a party that is weakened by the secessio n of two or three conspi cuous debaters. Of th e di sa ff ecte d outsiders, Mr. Lowe i▪ s the most brillia n t, an d p oss ibl y the most merciless. His speech u pon re f orm l ast year ren dered his temporary a b sence f rom any reform Ministry a matter of decorum, if not of necessity. Though he has forfeited for a time the goodwill and confidence of a large section of the Liberals, he has won a foremost place amongst thinkers and speakers of the house ; and the Government that excludes him from office loses au able administrator, who would bo useful to the public in any place in which he would have an opportunity of worrying the re ligious world. Once outside the gates of the Mini sterial fortress ho becomes, on the other hand, a formidable critic, whose criticisms will be acute and damaging. His attitude of amicable hostility, which is so embarrassing to the Cabinet, is not altogether without its dangers for Mr. Lowe himself, to whom Providence has deaied the power of mak ing polical friends as fast as he can make politi cal enemies. He runs spine risk of falling be tween two stools, an . d . of alienating th e Lib era l p ar ty without conciliating anybody in their place. In the presence of this co n ti ngenc y Mr. Lowe has shown some spirit. H e pl ays a b o ld game, and has staked heavily on the fail ure o f th e , R usse ll-Gladstone Cabinet. . That he will wa i ve no reasona ble occasion of contributing to the success o f s proved by the dispo s iti on h e h as his own prophecy i shown to rely on the applause of Conservative benches ; and he has even .attempted t o di sarm t h e cou n try gentlemen by utting forwa r d t h e interest ing plea that he is not to be taken to be as inde corously clever as Mr. John Stuart Mill. All this looks as if Mr. Lowe not only was resolved to break finally with Lord Russell, but scented the possi bility of fresh Parliamentary combination. Th ere are some considerations that might pardonably en courage such a hope. The present C a bi ne t co h eres chiefly from the force of circumstances, and hardly can be considered a harmonious whole. Its mem bers have neither common traditions nor common interests, nor perhaps any common object. Such an assemblage can only be permanently held toge ther by the personal fascination of some p o p u l ar chief, and in their case this element of stability is wanting. When they break up, they will disperse to all the different quarters of the comp ass ; an d, until they disperse, every single Cabinet measure must of necessity be a species of compromis e . L or d Russell has succeeded in collecting in Downing street a group composed of some able and some amiable statesmen, but, when he has collected them, it seems as if he did not know very well what to do with them. When men ask themselves why the Liberal party has now been in power for some months without hoisting any flag or furnishing any definite programme to the world, the answer is self evident. The Cabinet is a house divided against itself, and we are taught from the Bible what be comes of houses of this kind. Mr. Lowe, who draws his wisdom probably from profaner sources, has come to a similar conclusion, and it is not im- 30j k 124 3 59/ i 11.4 96 51 361 1212 1 201 1331 li 9i i 109 j 9 74 107 i 7 764 62 1024 Si 1042 I i 5 44 39 6 10911 9 81 9 100 f I 1001 93 ITI I S. WOOL. The attendance of home and foreign buyers at the public sales of coloured wool is good, and the demand for all de scriptions of wool, both for home consumption and exports, is very active. Tho opening advance in prices is not only maintained, but in some instances a further improvement TMRD EDITION. SUN OFFICE, 7 o'CLocK. TA T TERSALL T—Ths Evening. 4- NORTIi MPTONSIIIRE STAXLS. 4 to 1 agst Mail Train (taken) 12 to 1 figst Raglan (taken and offered) 14 to 1 Scamander (taken) CHESTER CUP. 12 to 1 agst Gong (taken) 20 to 1 agst Baragal► (taken) 33 to 1 agst Mail Train (taken) 33 to 1 agst Btu:1(foot (taken) CITY AND SUBURBAN. 7to 1 agst Out,and-Outer (taken) 15 to 1 agst Brahma (taken) 100 to 6 agst Pepper's Ghost (taken) TWO THOUSAND GUINEAS. 11 to 4 agst Student (taken) 3 to 1 agst Lord Lyon (taken) TILE DERBY. 10 to 1 agst Student (taken) 50 to 1 agst Laneret (taken) 66 to 1 agst Knight of the Crescent (taken) Very little betting. All Mr. Sutton's horses aro struck- out at Northampton except Jezebel. VICTORIA (LUIS BETTING—Tins 1).11 - . WARWICK HAI(DICAP. C to 1 agst Nu (taken) 6to 1 agst Sidewind (taken) 6to 1 agst Jezabel (taken) DONCASTER CUP. 4to 1 agst Lochiel (taken) 4to 1 agst Valiant (taken) NORTHAMPTONSHIRE STAKES. 4to 1 agst Mail Train (taken) 12 to Ibar 1 (offered) ' CHESTER our. 15 to 1 agst Gong (taken) . 20 to 1 agst Barakah (taken and offered) 30 to 1 agst Buckfoot (taken freely) 33 to 1 agst Surney (taken) CITY AND SUBURBAN. 7to 1 agst Out and Outer (taken) 14 to 1 agst Pepper's Ghost (taken) 15 to 1 agst Brahma (taken) TWO THOUSAND GUINEAS. sto 2 on the field (offered) 3to 1 agst Student (taken) 3to 1 agst Lord Lyon (offered) ARRIVALS AT DONCASTER. Miss Williams, Sycee, Skylark, Chessman, Fitzroy, Rode rick Random, Count, Theobald, Festival, Easby, Lalla Rookh, Lady Blanche filly, La Mechante, Eakring, Mole skin, Begum, Nizam, Switcher, Confederate, Vigorous, Lady Sykes, Marksman, Ceramique, Lady Tees, Miss Haworth, Duty Free, Huguenot, Lochiel, Opoponax, Turcos, Ellimore, Valiant, and filly out of Rambling Kato. ARRIVALS AT WARWICK. 'Nu, Rustic Beauty, Rescue, Cotillion, Sabrina, Claxton, Beadle, Luto, colt by Wild Dayroll, Mongrel, Whirligig, Misfortune, Triangle, Polios, Anatomist, Saccharometer, Attache, Princess Thyra, Portland, Convent, Skirmish, Donnybrook, Sir Bobby, Goodfellow, King Christian, Soapstone, Sidewind, Merry Hart,' and Prima Donna. AMERICA. ARRIVAL OF THE EUROPA. (Via Roches Point.) NEW YORK, Feb. 27 (Evening). Despatches from all parts of the country repre sent the people as generally endorsing the Presi dent's veto and speech. On the other hand re solutions have been introduced in the Massachussetts Legislature denouncing Mr. Johnson's remarks concerning Mr. Sumner as an insult to Massachus setts. It is reported that the President will shortly issue a proclamation declaring that peace has been firmly established in the South, and that the States will be left to govern themselves-under the Consti tution without) military interference except on the part of the Freedmen's Bureau, which will con tinue in force one year after the issue of the pro clamation. Rumours of Cabinet changes are still current. The Governor of Ohio has published a report of an interview he has had with President Johnson. On that occasion the President stated that he con sidered he was carrying out the work commenced by the late President Lincoln, and that Congress had no right to complain of his action. Since they had not adopted any general plan of reconstruction, he was obliged to devise one for himself. COMMERCIAL INTELLIGENCE. NEW Ironic, Feb. 27 (Evening.) Money tight. Gold, 137. Exchange on Lon don, 1481 ; on Paris, 3771. Stocks firm and ad vancing. New York Centrals, 92i- ; Illinois, 1141; Erie, 84 ; 5-20 Bonds, 103. Cotton dull ; Middling Upland, 44c. IMPERIAL PARLIABENT HOUSE OF LORDS—THIs EVENING. The Lord Chancellor took his seat on the woolsack at five o'clock. UNJUST RATING OF ROMAN CATHOLIC PLACES OF WORSHIP. Lord COLVILLE presented a numerously-signed petition from the inhabitants of Chatham complain ing of the excessive taxation of their places of worship. He stated that he attended on behalf of Earl Denbigh, who was unable to be present ; and ho contended that, under the circumstances, an injustice was committed on the members of the Roman Catholic persuasion. PRIVATE BUSINESS. The f o llowingliffs;;WWrellalriltime and passed : —Alliance and Dublin Consumers, London Gas, Columbia (Bethnal -green) Market and Approaches. THE CONSOLIDATED FUND (£1,137,772). This bill was read a third time and passed. THE PRINCESS HELENA AND PRINCE ALFRED'S ANNUITY BILLS. These bills wont through committee. CAPTAIN COLE'S CUPOLA PRINCIPLE. Lord DUNSANY asked the First Lord of the Admiralty whether it was the intention of the Admiralty to adopt;the cupola or turrest system invented by Captain Cowper Coles, R.N., and if so, whether it was true that the assistance of the inventor (although offered) had been refused, and his extra pay and allowance stopped. He also moved that an humble address should be presented to her Majesty for reports of the committee of naval officers appointed to ex amine the dosing of a turret ship made by Captain C. Coles. He contended that there was a defect in the existing sys tem, and any person having a uractical knowledge of the subject, and who proposed an improvement, should receive encouragement. (Hear, hear.) He understood from gen tlemen who had attended experiments under a Captain Coles' invention, that that invention was a very valuable improvement in regard to the scientific matter involved in tho question. HOUSE OF COMMONS—This EvElmo. Mr. DODSON, in the absence of the Speaker, took the chair at four o'clock. APPEARANCE OF THE HOUSE. The attendance of the members on both sides of the house was very numerous. Earl Granville, the Duke of Argyll, and other members of the Government occupied seats in front of the gallery. Earl Russell was also present. The galleries around the house were crowded, and a great deal of interest was manifested both inside and outside the building. lii Palace-yard and Westminster-hall the public attended in great numbers to witness the arrival of the members. ELECTION PETITIONS. Mr. DODSON announced that returns had been received stating it was not the intention of the petitioners to pro ceed with the petitions presented against the returns for Barnstaple, the North Riding of Yorkshire, Portsmouth, and Dumbarton. CITY, KINGSTON, AND RICHMOND RAILWAY. The second reading of this bill was opposed by Mr. LOCKE, but eventually it was road a second time without a division. THE PARLIAMENTARY OATHS BILL. Mr. DISRAELI laid upon the table of the house a copy of the amendment ho proposed in the Parliamentary Oaths Bill. THE CATTLE DISEASE. Admiral DUNCOMBE asked the President of the Board of Trade if he was aware thatithe schedules prepared by the Board of Trade calling upon the owners of live stock to make a return thereof on the sth day of March had never boon issued in ninny townships, and how he pur posed now to insure an accurate return of cattle through out the country on a given day ? M r . M. GIBSON said some trifling inaccuracies tcuraeciteaskiennthtoe delivery had taken place, but steps w remedy the omission. Sir A. AGNEW asked the Vico-President of the Com mittee of Privy Council on Education if he could give any information as to whether the disease said to have broken out among sheep in some pa r t s o f S cotland bad in an y n l stance been reported by competent authority to be identi cal with ryjderpest ? Mr. BRUCE said unfortunately it was true that the rin derpest had made its appearance in Forfarshiro and Fife shire. NEW BARRACKS. Sir R. CLIFTON asked the Secretary of State for War the date of the purchase of land at Nottingham for site of barracks ; from whom it was purchased, the extent of nd, and price paid ? The Marquis of HARTINGTON said that 21 acres of land had been purchased, for which a sum of £5,000 had been paid. THE RIFLE GUNS. Mr. H. BAILLIE asked the Secretary of State for War whether any of the 12-ton guns rifled upon the Woolwich pattern, and now being served out to her Majesty's ships ~. had been submitt e d t o th e t es t o f continuous firing,...... such na would occur during a bombardment? Tho Marquis of HARTINGTON said the gun referred to had been submitted to 135 continuous discharges. - The exact accuracy of the aim had been ascertained, and it was looked iipon as the most successful practice of a rifled gun yet known. • THE NEW NATIO NAL GALLERY. In reply to Mr. BENTINCK, Mr. COWPER said two of the . architects, viz., Mr. Wyatt and Mr. Hardwick, had retired from the list of candidates selected. It had been thought that the entire demolition of the building in Trafalgar -square would re ' suit in a better building than would otherwise be the cas TITS NEW REFORM BILL. The paragraphs in her Majesty's Speech having been read, The CHANCELLOR of the EXCHEQUER rose for the purpose of calling the attention of the house to the state of the representation of the people, and also to move for leave to bring in a bill to amend the state of the electoral system. The honourable gentleman said in the commencement of his task he had to ask the forbearance of the house, because the question he had to introduce was a matter of the most serious interest. The subject had occupied the attention of no less than five Administrations, and had been referred to in as many as six Royal Speeches. An attempt had been made in 1861 to audit the state of the representation by the hon. member above him (Mr. Locke King), but that effort had been unsuccessful. The election of a new Parlia ment was felt by the present Government of her Majesty to be a fitting time to re-open the matter, and it was thought th a t no ti me s h ou ld b e l os t i n bringing the matter to issue. In the first Cabinet after the funeral of their 'lamented head (Lord Palmerston) the subject was energeti cally commenced. He could not pass by the elabo rate returns which had been produced by the autho rities of the Poor-law Board without feeling that the house would at once say the work had been well per formed. When the Government saw what had been done, the task they had taken was to a great extent facilitated. The great question for the Government to consider was whether there should be a complete and frequent revision of the electoral system, bnt such a labour woald lead to the reconstruction of the franchise in England and Wales, and also in Ireland. Mixed up with that would have to be a correction of the state of the law with respect to corrupt practices and other elaborate questions, and the Government did not think that complete revision could be accomplished in one single session. If he obtained leave to introduce the bill the Government had prepared, he did not propose to take the second reading before the 12th of April ; and, taking everything into consideration, he did not think the bill would, supposing it was acceptable to the house, arrive in the House of Lords before the middle of July. In the year 1831-32 the discussion on the question of the elective franchise occupied no less than 100 nights. Night was turned into day, summer into winter, and every domestic comfort was surrendered by those engaged in the important work, but the work had to be performed, and with the sacrifices he had mentioned the work was accomplished. At the present moment they did not stand in that peculiar position. All they could hope to do was to approach the con sideration of the question, and that which came first was that which related to the enfranchisement of those now without the limit. The proposition of the Government was not of the sweeping and extensive nature to that which he had referred but one which the present Parliament was fully competent to discuss and decide. (Hear, hear.) With respect to the county franchise—in 1860 a proposal was made to reduce the county franchise from £5O to £10; but in the bill the Government now asked leave to introduce they proposed to re duce the occupation franchise from £5O to £l4. (Hear, hear, and laughter.) The qualification would not be confined to land alone, but would em brace a house with land. The change, therefore, compared with the electoral returns that had been produced, would in reality be a £l2 rating franchise. It had been said, " Why don't you go at once to a £lO franchise." He did not see any danger in such a proposal—(hear, hear, and loud cheers) — but it was thought, on the whole, that the change proposed would give a very large and important addition to the electors of the country. They also proposed to extend to copyhold and leasehold pro prietors the same privileges as freeholders in horoughs. The bill would also confer the franchise on every male adult having £5O in the savings bank or post-office savings bank for the space of two years, and that person would be registered in the place in which he resided. That was all they pro posed to do for the counties—(hear, and laughter)— and he anticipated that it would be productive of a great increase in the middle-class enfranchisement. With respect to towns ; he should divide them into four distinct classes. The first would be those occupying a separate house or rated building, and paying their own rates. The second would be those inhabiting their •own house but who did not pay their own rates. The third would be persons holding separate tenements but not separately rated, and the fourth would be those known as lodgers. The right hon. gentleman then proceeded to refer to the electoral returns on the table of the house, and dwelt especially with those showing the position of the working classes in 1832 in comparison with those in the present year, with a view of showing that the working man, if he was considered eligible for the elective franchise 30 years ago, was doubly entitled to it now. [Left speaking.] SHIPPING INTELLIGENCE.—This Day. LONDON, March 12.—Wind this day at :noon—North. Easterly; moderate breeze, and fine weather, but rather cloudy. PORTSMOUTH, March 11 . —Wind N.E.—Arrived—Avoca, screw steamer, from London, and then proceeded for Dublin. BRISTOL, March 9.—Wind S.W.—Arrived.—Asoctit from Mauritius. LIVERPOOL, March 1 2.—Wind E.—Arrived—Blazer steamer, from Islay. LEITH, March 9 . —Wind N.W.—Sailed—Warren, for Trinidad. OFP POTSMOUTH, March 11.—Wind S.W.—Arrived-- Daniel Webster, from London for Now York. PLYMOUTH, March 9.—Wind manual Langela n d mi re ll a, from Shields for Shang hse, with damage. OFF LnarooL, March 12.—Wind N.W.—Arrivod—Tho Liberator. QUEEFSTOWN, March 12.—Wind N.B.—Arrived—Aus tralian, screw steamer, from Livorpool, and then pro ceeded for Now York. I_BY ELECTRIC TELEGRAPH. I GRAVESEND, Monday Morning. Arrived, March 11—Richard Cobden, from Christiania Julia, from Memel• steamer, from Antwerp '. DEAL, Mond a y M orn i ng. Maas,A r i B y t e ° d a er, Dee, from the Ma , r f c r h ora l2 R — o p tte l r P d h a i m n p as sed, March 11—tier Majesty's ship west for Woolwich; Dublin, screw steamer, from London for Bordea ux. 12—Caldbeck, f rom Singapore • Seine and Tam l3: i ssld se .e , d 7r m om Paris ; Ment o , sc h ooner, from Oporto—all for London. Anchored—Lorton, from London for Yokohama. Viscount Castlerosse has returned to 11, Bl grave-square, f rom his seat, Killarney, Irelan d. Tehe vt h i s e e ° El la :t e e s ; re a c a e d s s family are not expected in town until after THE LIONS.—At length it is said that two of the lions intended for the bass of the Nelson monument in Trafalgar-square have been finished, as far as the model is concerned, by Sir Edwin Landseor ; and arrangements will now commence for founding in bronze. At this rate of progress it is not impossible that our children way live to soo this tribute of national gra titude completed.—. Van Chester Guardian. GItOWTII OF TIIE C A TIIO LI ES. — e Th Catholic World says that within the last fifty years no church has been so prosperous in the United States as the Catholic church, and adds :—" About tWo thousand churches and chapels have been built ; an increase of one thousand eight hundred clergymen —mostly from abroad—one hundred and sixty schools established for the Catholic training of 18,000 boys and 33,000 girls. Moreover there existed in 1857 sixty-six asylums, with 4,063 orphans of both sexes ; twenty-six hospitals with three thousand beds ; four insane asylums, besides many other charitable institutions, all established and supported by the private charity pf rafter Catholics. I s will send information from the Course before o race a good thing for.Northamptonshire Stakes. mAtße ' G For terms, send stamp directed envelope to 8, Bouverio , street, Paddington. ~e u' ,d a lit at Jle riLl re ;ies At re cyo le° 100 FA 1 20 20i 10 100 "Os 100 1100 2 100 100 MEN 190 100 100 1( 0 100 100 2.1.0 1 29i 1 2.14.0 3} 2.14.0 8.3.0 3.9.0 10.8.0 all 0.14.6 14.9.6 WO 100 100 All 100 100 951 41 - -1'