The Sun. — London, England, 1870-01-24 00:00:00

AIONEY AA.IIKET AND COMMERCIAL INTELLIGENCE. curry', Two o'CLocK. The transactions on the Stock Exchange to-day were decidedly an improvement upon those of Saturday. The attendance was more numerous, and altogether more activity was observable in all quarters. The favourable advices from Paris have given increased firmness to the market, and although the price of Consols did not go up, yet they firmly sustained their closing luotations. In Foreign Securities a decided improvement was apparent, but for Railway, Bank, and Miscellaneous Shares the pric,:s remained almost unaltered from those of Saturday. LOI.IBOIS are now at 9.23. to 921 for money; ditto, for An.;ount, 921 ; Three per Cent. Re duced, 92i ; New Tree per Cents, 02f ; Exchequer Bills £l,OOO, March, 3 pram. ; June, 3 prem. ; ditto £lOO, £2OO, and Vioo, March, par ; June, ; Bank of England Stock, 4 i per Cent., 2371. India Stock, 104 per Cent., April, 1874, 209 ; ditto 5 per Cent., July, 1880, 1114 ; ditto 4 per ent Oct., 1888, • 100 • ditto linfaced Paper, 1 Oi per Cent., —. In the Foreign Market there is a greater demand, and prices have advanced, Turkish Five per Cents. being now 431 to 431 ex div. ; the Six per Cents., 661 to 64} ex div. ; and the New Scrip is prem. ; Italian Bonds, 54/ to 54} ex div. ; Peruvian, 78 ex all ; Spanish, 271 to 27f ex div. ; Russian 1862 Bonds, 86 to 861 ; Orel, 831 to 831 ; Nicolas, 654 to 661 ; Moscow, 801 to 811 ; Charkof, 82 to 821 ; Brazilian, 871 to 881 ; and Mexican, 144 to 151.. In the Railway Market business is more active The prices are now—Caledonian, 761 to 76 i ; Great Eastern, 371 to 374 ; Great Northern, 110 1 to 111} ; ditto (A), 1114 to 1121 ; Great 'Western, 611 to 611 ; Lancashire and Yorkshire, 128 to 1281 ; London and Brighton, 45 to 451 ; London, Chatham, and Dover, 141 to 151 ; Lon don and North Western, 123; to 124/ ; London and South Western, 93 to 94 ; Metropolitan, 79 to 791 ; Midland, 1221 to 1224; North Eastern (Berwick), 1251 to 1254 ; and South Eastern, 76f to 77/. In Bank Shares London and County has receded to 49 to 501 ; London and Westminster is 60 to 61 ; London Joint-Stock, 331 to 341 ; Union of London, 36 to 37 ; Imperial Ottoman, 21 to 2/ prem. ; and Anglo-Austrian, 14 to 16 prem. In Miscellaneous Securities National Discount are 111 to 12 ; General Credit, 1 dis. to par ; and Hudson's Bay, 12 to 121. Lombardo-Venetian is * lower, at 20 to 201 ; and Great Luxemburg is unaltered, at 131 to 131. American Five-Twenty Bonds are 87 to 874; Illinois 4 lower, at 1031 to 1041 ; Erie Shares are 18 to 181. French Cable have improved to 18 to 181 ; British Indian Submarine, 141 to 14/ ; Anglo- American, 19f to 20 ; China Submarine, 1 to Prem. ; Falmouth, 3f, to 4 prem. ; Land and Sea Telegraph Company, / prem. ; West India Panama, to 1 prem. ; and Construction and Maintenance, 331 to 38f. At Mark-lane this morning the attendance was moderate, and the trade generally steady without without being active. The small show of Fuglish wheat was in fair condition, and moved off slowly at about last Monday's rates. Foreigu wheat met a quiet sale, without change from the closing rate of last week. Flour unchanged in value, with only a limited demand. Barley maintained late rates for both malting and grinding descriptions. There were no gold operations at the Bank on Saturday. It is believed that the new Russian Loan will be brought out iu the course of a few days by Messrs. N. M. Rothschild and Sous, of London and Paris, and that it will consist of £12,000,000 5 per cent. stock. Hitherto it has been generally supposed the amount would be at least 12 millions sterling net. The American papers gave accounts of a new telegraph cable scheme from Lisbon to the Azores, and thence to New York, having on its route branch connexions with Brighton, Havre, and the Hague. It is to b e ca ll ed the Amer i can C a ble Company, and IS to be coristituted " under the laws of the State of New York'' —an announcement which literally Means that if any of the active spirits of the enter prise, after they shall have attained all the required capital, should think fit to apply that capital to their own uses they will be enabled to do so at pleasure. The British Australian Telegraph Company (Limited) have given the order for the manufacture sof their cable (to be laid between Singapore and Batavia and Java and Port Darwin, Australia), a ccompanied by the necessary payment, to the Tele graph Construction and Maintenance Company (Limited). The half-yearly meeting of the South-Eastern Railway Company is called for the 24th inst. The Midland Railway Company have given notice that the new and direct line of railway be tween Suet - field and Chesterfield will be opened for train,on Tu,sday, Feb. 1. It is pointed out that t he Opening of this railway places Sheffield upon the main line of the Midland Railway. An outline has been circulated of a project for a Ream and railroad service from England to Australia in less than 40 days—namely, Milford Raven to Portland (Maine) in nine days, Port land to San Francisco by Railway in seven days, and San Francisco to Australia and New Zealand iu 23 d ays. The amount of the Bucharest and Giurgevo Railway State Loan already fully paid up is nearly £ 3 00,000. The total amount of this loan was £ 4 35,520. In notifying that the conversion of Austrian Bonds iu London will cease on the 31st of March next, the Austrian Government are inflicting a gratuitous further loss upon bondholders in this country, as the Act for the closing of the con version, and of which closing six months' notice must be given, has not yet been passed by the Reichsrath. The thin call of £5, making £l2 called, is to be p iid on the £l6 5 per cent. preference sh res of the Midland Railway Company by the 18th of February. Au extraordinary general meeting of the City Terminus Hotel Company (Limited) is convened for the Ist February, on the consider and approve the resolution passed 17th i t h n inst., ereas e and their thereupon to authorise the directors borrow ings by the further sum of £65,000. The half-yearly meeting of the City of London Brewery Company (Limited) is called for the 2d February, when a resolution w ill b e su b mitted for declaring a divide d f or the past half-year. Berger Spence and Co.'s weekly report says : cr Although the actual sales of chemicals during th consider past week have b arel y come u p to the e average of the preceding two we eks there has been able inquiry both for home and ex p ort, more espe cially the latter. Foreign stocks are materially reduced, the demand therefor is for healthy Con sumption, and not for accumulation at the Store; as was the case in the early part of last year, which caused prices to recede, and to a great extent Paralysed the foreign trade—prices of alkalies consequently remain firm, and from the present aspect of the trade there is no apprehension of any weakening in quotations. In metals prices are ruling easier. BRITISEE FUNDS-CLOSING PRICES. ti OTERNMENT _FUNDS. ° Per Cent. Consols - Ditto for Account 921 3 per Cent. Reduced 921 New 3 per Cent - A OW 21 per Cent. Jan. 1894 , Do. 5 per Cen J 5n.187 3 lk unuities, 30 yrs, expire sth Jan., 1880. --- Do. for 30 yrs, expire sth April 1885 — ~ Do (Red Sea Telegraph), Aug., 1908 — r-Xenequn r Bills, £l,OOO, 21 p. Ct. March 3 pm Do. 21 do. Juue par DI £lOO, £2OO ct £5OO sank of England Stock. 4/ per Cent 0 4. opening C anada?, _ . per Cent. Bonds — latsr-Calonial Uranium 1.• 00000 imm tttttt INDIAN GOVERNMENT SECURITIES. Ind!". Y took, 10* per Cent., April 1574.., 209 De. Opening, for Account — Do. a per Cent. July, 1880 Do 4 per: Cent. Oct. 1888 Li°. Enfaced Papei 4 per Cent....,. — Do. 5 por Cert., Jan. 1872 .... — 70. 5i per Cent. May 1879 — Do 5 per Cent., Rup. Dab. 1872... — Do do 18"7 -- --- Do. do. 1882 — t.),,. Deb., b per Cent., Aug. 1873 ~ — Do Bonds, 4 per Cent., £l,OOO Do. under 21.000 — PL. FOREIGN FUNDS—CLOSING PRICES. argentine Republic, 6 per Cent ...... Do Account Auitrian Bonds 5 per cent 1809 - Brazilian 3 per Cent — 10. li per Cent. 1852 — Do. do 1856.... ............. Do. an 1860 — Do. do., 1863 77 Do. 5 per Cent., 1865 ic. A , •coun , •• BBi 8 B.ieucts Ayres 5 per Cf,pt — Do 2 ileroerit.(Deferre•d 3 per 1.10 , 111. 11104, a per Cent. C _dia., 6 per Cent o. .11 per Cent:„,, Do. 3 per Cent., Do. 7 per Cent., 1866 Do. 6 per ce!!t. 1867 97i ) lo tti.,,,b, 6 per Cent. Danish, 3 per Cent., 1b25 Dan ,, i,ian Principalities, 7 per Cent -- Do Account Do 8 per Cent., 1867 .. ''cuador New Ueusolidated, 1 per Cent Egyfliau, 7 per Cent..., ••• ~ --econd Isaue .. ),:)..£sut: fonds — Do. 1864 91 Do. Account ti;ffil Bond, toG Bonds Do. 7 per Cent., 1868 .. — 7 10. 4 1,!ccuni Do. .£lOO Bonds ..... 77 Government Railway Debentures ..... 971 8 Greets 5 per Cent., 1824 5, ex Coups lOl l)u. Coup3ns Guatemala o per Cent .. — Honduras Guatemala_ Rail. Loan., 10 p.,Ct., all pd Do. Account Italian 5 per Cent., 1865 — Do. Account . Do Maremmana Railway — d exi ear. 3 per Cent — Ditto for Account Do. 186 a — Do R per Cent. Anglo-French — Aionterideau 6 per Cent. •• — Ifccrish imperial 5 per Gent Nev G r anada l9l Do 3 per Con .... Do. Deferred Do Land Warrants (Hectares) Peruvian 5 per Cent. 1865 Do Account .. .. 771 8} —_ Do 4} per Cent. (Ui:harren) Do 4} per Cent.. 1862 -.. — Do 6 per Cent.,1862 — Portuguese 3 per Ct., 1853, '6, 7, '9,'60,'2,'3 33 2f Do. do. 1867 — Do. do. Scrip, £2O paid — Russian 5 ~er Cent., 1822, £ St — Do 44 per Cent 1850 Do 4* per Cent., 1860 Do 3 per Cent., 1859 Do 5 per Cent., 1862 Do. Anglo-Dutch, 1864, £lOO Bonds — Do. do. £B4 15s. do , Do., 1866, £lOO Bonds 9l i Do. de £B4 15s do — Do Nicolas Railway 66 Sardinian b per Cent — Spanish 3 per Uen .. — Do. Account Do. 1867 Do. Account Do. New Deferred — Do. Passive — Do. Corn. Cert. of Coup. not funded Do. Account Swedish Provincial Mortgage Loan Do Government, 1864 Do do, 1868 Turkish 6 per Cent ,_„., Do Account Do 6 per Cent. 1858 — Do Account Do £lOO Bonds — Do 6 per Cent., 1862 Do. Account 661 Do £lOO Bonds 6B} Do. 5 per cent. 1865 — Do Account . 431 1 Do 6 per Cent., 1865 — Do. Account Do 4 per Cent., Guaranteed — Do ,do, Scrip — Venezuela 3 per Cent. — Do 6 per Cent. 1864 Dividends on the above payable in Lou ~. Austrian o par Cent. Ex 10 Florins Belgian, 41 per cent., Ex. 25f. Dutch it per Cant. Ex. 12 Guil — Do. 4 per Cent. Certificates Z 5 French Rentes, 3 per Cent., Et. 25f. Italian 5 per Cant. 1831, Ex. £sf. Do Account 544 4 CLOSING PRICES. Jonsols, Money Do. Account, Feb. 3 MEETING OF PARLIA_TIZaT. The following circular was issued on Saturday last, addressed to the supporters of the Govern ment : "10, Downing-street, Jan. 21, 1870. " Sir,—The meeting of Parliament has been fixed by her Majesty for the Bth of February, and as matters of great public moment will be sub mitted to the House of Commons on a very early d,ty, I take the liberty of expressing my hope that it will suit your convenience to be in your place at the opening of the Session. " I have the honour to be, sir, your most obe dient servant, " W. E. GLADSTONE." REPORTED RESIGNATION OF THE COMMANDER OF ZBE FORGES. It was generally ru.noured last night at the leading military clubs that Field-Marshal his Royal Highner,s the Duke of Cambridge has sent iu his resignation as Commander-in-Chief, and that he will be succeeded by Lord Strathnairn. RAILWAY INIELLIGENCL. COLCHESTER AND STOUR VALLEY. The half-yearly meeting of this company was held on Wednesday at Colchester ; Mr. T. L. Ewen in the chair. The CHAIRMAN moved the adoption of the re port, an abstract of which appeared in The Sun. Mr. C. H. HAwKINS seconded the motion, which was agreed to nein. con. A dividend at the rate of £3 is. per cent. per annum was declared for the past half-year. Mr T. L. Ewe❑ and Mr. W. Quilter, the retir ing directors, and Mr. C. F. Fenton, the retiring auditor, were re-elected. The proceediugs concluded with a vote of thanks to the chaixm,tu and directors. SAN PAULO, BRAZILIAN (LIMITED). The traffic recipts on this company's railway, 86i miles in length, for the fortnight ending Dec. 12, ziwounted to 9,610.400 milreis for passengers, parcels, etc. ; an i to 88,936.160 inilreia for goods, &c. ; total, 98,573.560 milreis. The total receipts fur the corresponding fort night iu 1868 amounted to 66,412.880 showing an increase of 32,160.680 BUENOS AYRES GREAT SOUTHERN. The traffic receipts on this company's line, 71 miles in length, from the Ist of January to the 14th of November, 1869, amounted to £106,844, and for the corresponding period of last year to £82,744, showing an increase of £24,100, or 29.1 per cent. GRAND TRUNK OF CANADA. The traffic receipts on this company's line for the week ending the 15th of January instant amounted, as per cable, to £22,000, and for the corresponding week last year to £26,200, showing a decrease of £4,200. OTTOMAN. The total traffic receipts on this company's rail way, 80* miles in length, for the half-year ending the 31st of December last amounted to £39,987, and fur the same half of 1868 to £30,722, showing an increase of £9,265 or 30.3 per cent. We hear that Mr. Manus,well-known the con ductor of the Crystal Palace Concerts, will take his annual benefit on Saturday, 23d April. A return has been called for by the Lords of Ad miralty of the officials at Sheerness dockyard who are willing to retire if allowed to do so, on the terms of " abolition of office," by whi c h ten years will be added to their completed period of service. In accordance with this order, the following have sent in their acceptance of the terms offered - Air Samuel Townsend, foreman of the factory ; Mr. G. Morgan, master smith ; and Mr. Payne, foreman of the caulkers. RAILWAYS._PREFERENCE•' SHARES AND STOOKS. With Dividends con.tiugent ou the Profits of each separate year THE SUN, LONDON, MONDAY EVENING, JANUARY 24, 1870. JOINT-STOCK BANK S. Closing Business Shan HAIM Paid. Price done. 10 Agra Limited, A all 11 111 10 Do B lO 44 54 50 Albion 00 Alliance, Limited 20 Anglo Austrian 20 Anglo-Egyptian, lim all 21 25 214 4 20 Anglo-Hungarian 20 Anglo-Italian 1866, limited 10 5 4 40 Australasian 20 Bank of British Columbia all 12 13 20 Do issued at 2 pm.... ~.. 5 5 4 25 Bank of Egypt 20 Bank of Otago, lim 25 Bank of South Australia all 30 32 50 Bank of Victoria, Australia 25 37 39 10 Bank of New Zealand all 14 101 50 British North American 20 Chartered of India, Austra lia, and China all 18 19 25 Chartered Merc. of India, London, and China all :12 01 20 City ls 11 111 100 Colonial 25 1 1 10 Consolidated, lien. 50 Delhi and Loudon, lim 50 East London, liir 20 English and American, lira 10 21 11 20 English Bank 01 Rio do Ja neiro. lim 20 English, Scottish, and Aus. traliau Chartered , all 17 / 16 i 261 Hon. , Kong and Shang;iaci Bank Corporation all 80 33 251 Do new ll4 4 6 100 Imperial, line '2o 13 16 20 Imperial Otto dian lO 21 ea 121 25 lonian all 11 22 25 Do new 5 6 3 Lnd Mortgage of India, lim 4 31 31 100 Do 6p. c. Debs.lB6l, 30 all 76 76 80 100 London Bank of Mexico and South America, Jim. 20 5 4 151 100 Loudon and Brazilian, lim. 45 33 ;I 20 Do new 74 5 41 100 London & River Plate, him. 40 11 13 25 Do new 10 11 21 3 20 London Chart. of Australia all 231 241 20 London and County 2O 494 5 8 1 50 Do new, iss at 20 p.m, li pd ll ..• • - London Joint Stock Bll 321 33: London and South African al 11 100 London &S.-Western, lim, 20 18 11 50 London & Venezuela, line l2l ... 100 London and Westminster 2O 571 5 81 6 0 4 100 Do Scrip, iss at 10 pm 2O 100 Merchant, Jim... 25 64 Si 10 Metropolitan, lim all 74 7 4 00 Midland, lim 2O 11 i 5 National of Australia 25 National of Liverpool, lim. 15 ad 1p 00 National I'rovinc. of Eng'd 42 ... ... 10 Do 50 National.. 3O 20 New South Wales all 41 43 20 North-Western 7l 25 Oriental Bauk Corporation all 41 42 50 Provinc. Bank. Corpo., lim. 10 61 51 30 Provincial of Ireland 25 911 92 561 10 Do new. all ... ... 100 Stand. of Brit. S. Africa, lim 25 14 13 100 Do issued at 6 pm. 10 8 6 26 Union of Australia all 46 41 100 Union of Ireland, lim 50 Union of Loudon l5 37 38 71IE BOMBAY MAILS. The Peninsular and Oriental Company's steam ship Ripon, Captain J. M. Rogers, arrived at South ampton yesterday morning, with the Bombay mails, 23 passengers, £3,000 in specie, 301 bales of silk, 30 bales of cotton, 66 bundles of ivory, 139 boxes of oranges, 169 cases of indigo, and 123 packages of general merchandise. She left Alexandria on the 9th inst., Malta on the 12th, and Gibraltar on the 17th. Frem Alexandria to Malta fine weather was experienced; thence to Gibraltar strong northerly winds and a very high sea; and from Gibraltar to Southampton strong gales f r om the north-east, with a very heavy sea and continual squalls of rain and hail. On the 18th, off Cape St. Vincent, the Ripon passed about 300 sail, all bound to the northward, among them the Billow, the Racer, and the Jane. On the 19th, off the Burlings, she passed the Peninsular and Oriental steamer Syria, with the outward mails of the 15th, from South ampton. Her Majesty's ships Lord Warden, Hibernia, Bellerophon, Rapid, Caledonia, Newport, and Prince Consort were at Malta when the Ripon left; and at Gibraltar were the Enterprise and Redpole, and the United States frigate Richmond. Her Ma jesty's troopship Simoom, Captain Lethbridge, from Plymouth and Queenstown, arrived at Gib raltar on the night of'the 11th, with officers and draughts for the garrison. Among the officers were Captain Morgan, town major, and also Cap. taro Parsons, who succeeds Captain Griffiths as Major of Brigade. The Simoom left for Malton on the afternoon of the 13tb, and will call at Gibraltar on her way back to embark the 30th company of the Royal Engineers, under command of Captain /vlotmorency, for England. Tbo troopship Crocodile passed Gibraltar from west to east during the night of the 12th inst. The French screw training ship of the line Jean Bart, 22, Captain Mottes, from A l g iers, p ut into Malaga on the morning of the 10th inst., and exchanged salutes with the fortress of that city. The Jean Bart has a great number of naval cadets on board, and is bound for the Brazils and the Indian Seas'. The following British merchant steamers bad arrived out at Gibraltar :—January 10, the Rhone, Captain R. Fudge, from London for Marseilles ; 11th, the Eidoa, Captain R. Asker, from Newcastle from for Civita Vecchia ; 12th, the Sici lian, Captain R. J th o e y, A f e r h o i m lle L s, iv c e a r p po ta o i l n fo j r . Palermo, Messina, Lo n Etc., n and for Trieste, &c. ; 15th, the Nyanza, Captain G. J. Babot, from Southampton for Malta and Alex andria. The Nyanza reported that at 11.30 a.m. on the 10th inst., in lat. 48 20 N., long. 6 154 W., she saw a bark showing signals of distress. She stood towards her, and found she was in a sinking condi tion, with her pumps chocked. The port lifeboat was sent alongside, and it was then found that the sea was sweeping clean over the vessel. By desire of the captain he and the crew were taken on board the Nyanza, and the wreck was left standing to the north-east, with the lower maintopmast set ; she proved to be the Austrian bark Catherina 446 tons, Captain Stefano Gudaez, of the port of Fiume, bound from Odessa for Falmouth with grain, which left Gibraltar on the 29th ult. The crew were lauded at Gibraltar from the Nyanza. The British brig Doctor, Captain J. Mayne, from Newport, the brigantine Neptune, Captain W. Bergen, from Newcastle, and the schooner Hannah Croasdell, Captain J. Tarbet, from Newport, ar rived at Gibraltar on the 10th ; and the brig Breeze, Captain W. Kelly, from Blyth, on the 11th. Exchanges at Gibraltar were quoted as under London, 90 days' date, 49 9-16 to 1; ditto, 30 days' sight, 49 to 491 ; ditto, 8 days' ditto, 49 to 491; Paris, 90 days' date, 5f 22c ; Marseilles, ditto, 5f 8 days' sight, Ito dis ; Cadiz, ditto, pm ; Madrid, 22c to 23c ; Seville, 8 days' sight, it to ; Ma laga, ditto, 1 to 4 dis ; Almeria, ditto, par; Ali cant, ditto, par to 1 dis ; Valencia, ditto, par to 1 pm ; Barcelona, ditto, /to pm. Five franc pieces, / of a dollar per cent. pm. i;OURSE OF EXCHANGE. Arustrdatu 3Ms ... 12 12 1, Do ... 12 Rotterdam ••• 12 Antwerp — ... 25 371 ... 25 421 Brussels Hamburg h — ... 13 10/ ... 13 11 Paris Short ... 25 15 ... 25 221 Ditto Marseilles Frankfort-on-the-Main 1201 120 Vienna — 12 Co ... 12 70 Trie§temmilit 00000000000 •■• .9 11 65 In 12 70 THE ROCHEFORT PROSECUTIO. PARIS, Su. imiy. Rochefort has expressed his opinion of his trial in the ilfarseillaise. He declares his astonishment at; the mild sentence which has been passed upon him. He says that the only way to account for the in dulgence of the tribunal is to put the quest' i nn before the tribunal in this form :—Allowing that Rochefort was guilty of inciting to revolt, he should be condemned to the galleys, and as he is not guilty, the tribunal condemns him to six months' imprisonment. the Constitutionnel shews that M. Rochefort mistakes the meaning of the prosecution, and purposely forgets thait he had incited to revolt, but at the same time that he lattO claims on his judges on account of the mode rate course he adopted on the day of Victor Noies funeral. In order to state the case fairly it should be said that; M. 11,chefort, by the efforts he made to restrain the people on the 12th of January, in a great measure, condone el for the offences he committed by his violent language in, the 21Po•seillaise of the 11th, and that these circumstances `taken into consideration, the mitigate) sentence of six months' intprisournent would suffice to answer the ends of :justice The Siecle comments on the suggestion which w.ts made by the Const it id ionnel, that when the new law rel'ating to press offences should take effect, the probability 'was that the Ministry would remit for the Ofamillaise and all other journals of the same stamp the penalties inflicted on them by the old legislation. Although such a course may be deemed inconsistent, the Siecle believes that it will be the wisest one for the Govern ment to adopt, and prove the best means of their extrica tion from the very awkward position in which they have placed themselves. The Temps declares that the sen tence passed on M. Rochefort is generally considered a light one, and that it was so regarded on the Bourse, which rose when the tidings were made known. A provincial jour nal, generally well informed of Ministerial affairs, says that M. 011ivier himself wished that a mild sentence should be recorded. As he had previously announced in the Marseillaise, M. Rochefort did not put in an appearance at the trial, but, notwithstanding, a large crowd assembled in the neighbourhood of the tribunal, as it was hoped that after all he might change his mind at last and appear before the court. Great disappointment was experienced when these expectations were frustrated, and none of the accused parties arrived on the scene. The most arbitrary measures were adopted to prevent any admission to the trial, except on the part of those who had obtained leave, or who were connected with the business of the day. Little or no disturbance took place. Some young men went about crying " Vive Rochefort! " and the assemblage gra dually dispersed. M. Rochefort heard the news of his condemnation from 31. Gambetta, who had just come from the Correctional Police Court. He appeared very indifferent when he re ceived the intelligence. The discussion on the Treaty of Commerce was resumed on Friday in the Corps Legislatif by M. Clement Duver nois, who spoke in favour of free trade. Three reasons were, he said, put forward for denouncing the Treaty 1. The origin of that measure. 2. The new parliamen tary prerogative ; and 3. The disastrous effects of the Treaty. The first of these reasons he disposed of by the remark that the legality of the act could not be con tested, since it was passed under a regime according to which it was legitimately authorised. The second reason should also be set aside, as the Chamber exercised its pre rogative as much in maintaining treaties as in modifying them. The third allegation could not. be proved until the investigation of results M. Duvernois, in discussing the details of the Treaty, quoted an observation recently made by Mr. Samuda before the House of Commons, that the French were depriving him of all his orders, and that after having had 3,000 or 4,000 workmen in his employ in 1851, the number was now reduced to 200. The public interest was in favour of the regime, as well as the shipbuilders. The ironmasters were divided on the subject, but the in terest of the French consumer was not doubtful. He thought a compromise might be effected. The Govern ment could not be expected to withdraw the decrees of the 9th January, but in the inquiry about to be opened it might give the priority to the question of temporary ad missions. It might grant the same interval for iron as for cotton, and not apply the decrees to affairs still pend ing. M. Louvet, the Minister of Commerce, said the Government would wait for the special interpellation re specting the decrees, before giving their answer on this point. Before the close of the general debate they would explain the policy of the Cabinet on industrial and commercial questions, on the denunciation of the Treaty, and on the parliamentary inquiry. M. Malezieux followed on the other side, and declared the Treaty of Commerce to be a great diplomatic error. One of its objects, he averred, was the maintenance of the English alliance, but the denunciation of the Treaty would not hinder England from importing French products. As for corn, England bad only to fear that France would put an export duty on. English consumers could not do without the French butter, eggs, meal, and poultry; fine wines and cognac were certain to be bought by the rich, and the poorer English preferred their national drink to wines. Saturday's debate was more interesting, for M. Thiers made his long-expected oration. M. Thiers's speech was, in fact, the answer to M. Simon, each being the spokes man of his party. It was, as milt have been expected, eloquent and powerful, and was listened to throughout with the deepest interest and attention, the plaudits being frequent. Every nation, he said, had three great objects before it. First its liberty, then its great ness, thirdly its material prosperity. They must beware of thinking that care for the material prosperity of the country was beneath notice. There was no higher moral - than to diminish the burdens which weighed upon man kind. To render man less miserable was to render him better, more just to his Government and to his fellows. The Government had thought formerly that it had the sole right of regulating the economic system of the country. It was a strange pretension. The Government might easily be a better diplomatist, a better warrior, than the body of the people, but it was unreasonable to suppose it could be a better merchant, manufacturer, or agriculturist when the nation was composed of such men. M. Thiers proceeded to bring forward de tails which he had, he said, exhausted himself in studying. He contended that it was natural a free and intelligent people should wish to increase their own internal manufactures. When foreign nations brought them goods, they wished to imitate them. The indolent nations of the East had no such desire. They heard the example of England constantly cited. Well, then, in the 14th, 15th, and 16th centuries the people of Brabant took their fine wool textures to England. England awoke to the fact that they were made with her own wool. Sho said, "I have hands, intelligence, and raw material, and need foreign labour to supply my wants." She kept her wool, she set to work, and then commenced hor great prosperity. He was convinced that French interests had suffered seriously. England had immense advantages over France. She had great capital, raw material, an enormous commerce, machines in vast numbers, coal at the cheapest price, and, finally, the cheapness which results from an immense production. While France set six million spindles at work England had 34 millions; while France used 700,000 bales of cotton England used three millions. Thirty years since he had warned French industry that it was not doing enough to compete with England; 30 years since as Minister of Commerce he had tried to establish veritable net cost prices. It was difficult, no doubt, but not impossible, and he would say:to those who opposed it, "If you cannot establish a. net cost price, how can you make treaties without consulting either industry or commerce ?" He believed himself that the difference of the net cost price in France and England was not less than 15 or 20 per cent. He did not wish the tariff to go as far as that, but they ought not to be so far inferior that their markets should be invaded. M. Thiers proceeded to examine the various statis tics already brought forward. He approved the decrees of January. He denied that all countries had suffered alike from the depression of trade. France had been the greatest sufferer. She excelled in works of luxury, and her works were not therefore cheap. She produced 1 million tons of iron ; England produced 10 millions. How could they be the same price? The mission of England was distinct from that of France. France had her consumers within. Her market did not depend on the chance of a cannon-shot fired in Europe, whereas England's situation was in some degree artificial. She sought her customers abroad ; and if her trade was greater, it was less solid than that of France. Be. Thiers declared that he wished England all success in her career, but that France might have as great a destiny in another direction. The orator, in concluding, was loudly applauded. The strike at Creuzot seems to be pretty well over, and there is a good chance that work will be resumed tc• morrow. The troops are in readiness to protect those who are willing to return to their employments. The new double-screw iron armour-plated ship Invincible, 14, left Glasgow on Friday morning in charge of Staff-Commander Spain, for Devonport. The paddlewheel steam frigate Terrible, 19, Capt. John A. P. Price, from the West Indies, is expected to arrive at Plymouth during the present week. She brings the crews of two gun-boats and some other naval passengers. On Friday 350 poor children were provided with a soup dinner at Chatham dockyard. This relief is given twice a week from funds subscribed by the officers and men of the yard. Since Christmas no fewer than 3,000 good dinners have thus been given to the children of the poor. BISHOP TEMPLE AND THE FRIENDLY SOCIETIES. Bishop Temple was on Friday night publicly welcomed in his Cathedral City of Exeter by a large meeting of the members of Devon and Cornwall Friendly Societies. There were about 2,000 persons present, and the proceedings were very enthusiastic. An address was presented, which contained 1,080 names. It stated that his lordship's appointment was hailed with satisfaction and joy in the diocese. The Bishop was received with loud cheers on rising to acknowledge the presentation of the address. After some remarks in thanks and a short reference to the difficulty of helping one another, the Bishop went on to speak on education. Let M 9 say to you (said his lordship) that if there is anything in which it is possible for us directly to aid each other it is just on that point. Iu promoting education, it is possible that I may be of real use to you, and in any schemes that may be produced you also may be of real use to me. Now, whatever may be done by any of us in this respect will be of no value to him who receives the education unless the receiver of it shall really work hard himself. The difference between a good system of education anda bad one is not that iu one case the person educated has to work Lard, and iu the other case he has to work but very little; in the one case hard work preduces good results, and in the other the hard work produces little result at all. I have looked into education of every kind in this cent'. try ; I have done my best to understand all that has Iv. n done in other countries; I have studied as cards"z.- • I possibly could the various systems that have I. established ; but wherever there has been success, r have noticed it is not this system or that system—it it not that it is most in the hands of the Government, or most in the lands of voluntary agency—it is not whether it is precisely constructed on one model or another— but it is where those who are to benefit by the educa tion care about it, value it, put their hearts to it, en courage it—there it is that it succeeds. And whatever is done in that way, depend upon it your own future to a great degree depends ; whatever is done in that way will be successful, or will almost fail in proportion as you choose to work or not. Whatever you have to learn must depend upon your own exertions, upon your own putting your wills to the work, or else you will have no success. But it is not only about the education of yourselves I am speaking. I am speaking also of the education of your children. There, too, depend upon it, the same rule holds good. You may have the best possible schools, you may have the best possible teachers, you may have the best possible management, and unless the parents really care about the education; un less they make their children feel that the education is in their eyes a matter of the utmost importance; unless by constantly showing an unvarying interest they make their children understand that this is the thing to which the children aro to give their energy -then, depend upon it, there will be no result worth getting. I say this the more earnestly to you because you, by the very fact of your be longing to such societies, shows that you aro looking for ward to the future, that you are providing for your own households. If you then are among your own class those who have taken forethought, will you not take forethought for your children too? Will you not remember that by-and-by the difference between the educated and the uneducated men, between the man who has been properly trained in his calling and the man who has not is just all the difference between comfort and discomfort in life. Don't you know by experience long and sure that if you can only train children well there is nothing you can do for them in the way of savings, in the way of provision, in the way of giving them money, which can possibly be compared with that ? And if, therefore, you have taken pains to look forward to the future, and to provide against sickness, and to provide against old age in some cases, and so to take care that if ever you are disabled your families shall not starve—will you not also see that your children shall bear with them into life the one best gift beyond all other gifts you can give— the thorough discipline of the habits, of the mind, of all the powers, so that they shall grow up really useful, honest, re spectable men. Mr. T. Acland, M.P., also spoke, and endorsed the re marks of the Bishop on the necessity of the work of educa tion being done by the people themselves. Compulsory education was no good unless the people desired it, and when the people desired it there would be no need of com pulsion. SHARE LlB7. it/A ELL 6 AND b. Yard. woswg swan.. a Price. done. at 13List31 and 16zeter 10 , 76 78 St Caledonian .....».« ivu 761 77 761 St idatulariaa. 20 Corn watt al, 2 .4 Dui:Wu 3s Betlast LW. t Dun„ Vera,. Ab.J 000 70 72 2./ East Loudon—. all 4 6 20 1.44) Do 10 at Glasgow is 8. Western lo', 105 107 It Great Eastern ...... 971 33 374 at Do. E. Augl. No. 3 loo 61 71 at Lircate4orthol6cotlahB lOO to lo et Great Northern lOO 111 112 1101 111 11 at Do. A. stook...—. DA. 1111 1121 114 1 4.1 130.11 stock st Litti and W. of Ireland lOO a 8 100 st Yi'estern —tirig - inni ILO 611 62 611 111 • Do. houtit Waite. 4 • 63 6:4 st 1.)‘,. W. .all(1.-0).1ord 7P7 31 46 at Uo. Nuwi,orl IAA 34 :0 at Lsheitaluri: (56 lorkaiiirv ILA: 128 lzat 128 st Lon., 6.Coaat IL:. 441 1.5 t 1., Do scrip :t I on., LJI - iat., and Daver . 141 13 t Lio. Metrop. e.s. A ll 1.1 Lon. di ~•(01 cafe, IL , . 1.31 124} 1.4 131 I 1 Lou. 44 So(.ti. Wei(tL,ru S-; :4 93+ MA U., 300., .t Li 110012) l. 4 , 2 421 52t 1 aL )Letrupoiitau 100 78 1 79 79 a *9 8 4 at Du Eateuei-n leo ;8 7'3 5 Do. NeL, all et Metropolitan Dit(triC., At, 30 32 10 Metrop. at. Jowl's ‘‘' I t at 1.1~.4.4.ti at is 0 dirtniu..t Uart,j.„ ioo 87 isa at Nui 6rition 100 441 451 at 1.) Yth., & Dun.— i t (Nor ,aateru--lierwnia 25 D 41. 4 , 4 puron„m e33,► at 1) Leeds . . . 1,, 79 8 - st 1) u Fork at i 1 oCarli.le ..t. st Ll °Stock. 167 IC9 • at North Lon too .. t23 21 10 Do ;New 1808 at North Staffordshire.... IL'L 61 63 62 at North and 8. W. Junction 10, 9.1 101. 10 Do Now £lO shares 7 ... • . st Rl4 - imuey st Shropshire Uuiou leo 501 601 at South Dovon st South Eastern lO9 751 76/ 761 at Staines, WolL'ilam, 4/ Wok all 13 It at 154 a 8 Kaiiway'n. 1261 127 i 1251 - ?Aix:AA:I CU 10 %V erluo Whitelir..l 6 EtAILWAYS-PREFERENCE SLIARES AND STOCKS. st Bristol and Exeter 4 p.cent. 100 at Caledonian Qrs., No. '2 lOO St Do. Scot. N.E., 44 per cent lOO st Do. Aberdeen, gua 6 p.c lOO st Do. do. 7 per cent lOO st D 9. do. Ordinary lOO 87 89 76 b 2 _ st Do. Midland st Do. Dundee and Arbroath 100 20 Cornwall, 5 per cent gua all at Dundee, Perth, and Aber deen Junction lOO st 10. Ist Class preference lOO st Was. & S.W. gua. 5 per ct lOO at W.Easteru, E.O Ex. No.l 100 at Do do N 0.2 100 at Do du 6 per cent 100 at Do East Anglian A 5 p. c. 100 st Do du B 8 do. 100 at Do do C 7 do. 100 st Do do No. 1, 5 p.c. 100 at Do E. Union 4 p.c. gua. 100 at Do Norfolk 5 p.c. Ex. 1846 100 at Do do bp.c.Wv.v.Val.lB 47 100 st Great Northern, 5 per cent loi at Do 5 p.c., rd at 10 p. c. pm. 100 Do 40 do do do 180 st Do 5 do at 5p.C. pm lOO at Do Leeds, Bradford, and Halifax, 6 per cent lOO at Gt. Nrth of Scotland, Ist pi 101) at G (Ireland ) South. and cent tern at Gt.West.—Orig.&Jut. - It ent chg., per gua. 5 p.c lOO Do. Orig. (B. & H. Ex). 5 p.c lOO Do do 40 per cent. 1850— 100 Do do 4 do do Do do 6 per cent. rodent lOO Do do Birmingham gua lOO Do do do pref lOO Do do Chester gus. 1';0 Do do do 8 per cent. 100 Do do do do 100 Do South Wales, gua. 4 p.c. 100 Do do 40 P.O lOO at Do do 40 1850 lOO at Do do 5 et Do Westatid. Oxford Ist g lOO at Do do 2d gua. 100 at Do Newport, lst g. 5 p.c. 100 st Do do 2d do 100 st Do gua. 55 per cent. 1863 100 00 Lancaster & Carlisle 41 p.c. ail st Lancash. & Yorksh. 6 p.c. 100 at Do Barnsley, £5 Os 10.1 p.c. 100 st Do 6 p.c. (East Loncaisturo 100 st Do 45 (Blackburn puree). 100 st s London & Brighton, 5 p.c. gu aranteed, No 1 lOO st Do 5 per cent. gua No. 2. 100 , at Do 6 do do lOO at Do 5 do No. 4 lOO „, st Do 7 per cent lOO s e t t D u o a 4 6 d d o o ( 1 W 86 E 9 . (11) ) 1 10 0 0 0 at London, Chatham, &Doter 6 per cent lOO „, st London and 14. W., C. and Nuneaton 5 per cent lOO 110 119 at Do Bedford &Cambridge lOO st Do Shrewsli'y & Weicup'l lOB .• •.. at London and 0 W. 7 p,c late 3d shares, s Do (Purtsm.perpans 2s6d) all ". s Man., Shcf., &Linclu. 6 p.c. Do .tio all par Ipm a Do 31 per cent lOO 64 86 1 Du reicem. 6 percent. 5 at Mid. Consolidated, li p. c... WO 130 13 . 5 a Do Bristol & Birin., 6p. c IOU 1,3 136 s Du 41 per cent. redeem IOU I+B 100 a Du 44 per cent. irredee.n lOO Ss 10.) s Du Leicester & 'Penn, 4 p.c 100 ad 01 et Nunn liritisu, 5 p.e. N 0.1... 100 . st Do E. &U. 4p.c.S. & D tuft st Do N. 8., N 0.2, 5 per china_ 100 fit Do Border Union, 51 p.c lOO at N.-Eastern--Coas. 4 p.c.... 100 57 . 80 st Do 41 per cent. redeem-- 100 97 99 st Do U N.E. 4 per cent., ltd „. 17 Du Lerwick capital 8.13.4. Du York, 11. &S. purchase lt) 10 loi Do Stektu & Drliug. Al 5 p.c lOO 107 109 93 9$ 106 10$ 95 100 90 92 80 82 97 99 66 72 165 OJ 95 10t, 110 118 1;3 115 96 98 L 3 134 130 134 93 100 _ . at Du W, liartlepool ti. and ADO 86 SS $7l 20 North Staffordshire 108 8. Devon Annuities, Ls all V 10 101 Du Tavistuek Anus., 10s ail 81 ill 10s Du Fixed 4A per cent all 8 8i 1 0.0. S. East. (Read. Anna., 1.0.0) all '22 23 at Do 41 per eel* lOO ... ... at Do Fixed 41 per cent lOO ... ~. at Taff 'Vale No.l lOO 154 158 at Waterford &Kilkenny, 6pe 100 at Oalodoniau 44 pc gua. at Do Scot. Cm. min. 7 p c lOO „. at Do 41 p irredeein all at Do 4p c con. issued at 80 65 at Great Eastern 41 par cent. 100 77 8 0 .; at Do 5 do, 1862. 100 67 90 at Do New 5 do, 1660 lOO Se ell at Do do 5 do, 1864. 100 83 86 at Great Northern, 5p c irred. 100 at Du Permanent 5 per cent. lotl at Do Boston & Sleafd, 41 pc 100 at Great West., W. 5p c 100 :** at Do Joint i-orpe. 5 p c, 1 6 6 5 100 8 . 8 ;t . at Do do 6p c irred., 1 - 666 100 116 124 20 Do Vale N eath perp. 5p c all at Kent Coast, 6 per cent, le._ 100 Lanc. and York New 44 per cent till July, 1871 2 I ip at Loud., Brig &c., 44 pc, 1853 100 at Do do 4 do, 1860 100 at Du do 41 do, 1861 ieo at Do do 44 do, 1863 100 at Do do 5 do, 1865 100 „ at Do No. 6 5 do, 1866 100 ... S7l at Do No. 7 sdo at Lond , Chat., &c., 2d, 6 p.c 108 at Do 3letrop.l6x., B 6 p.c Do do C 6 p.c at London& IVestern, 5p c 100 108 110 at Loudon& S. Western, 41 p c 100 u 3 95 10 Man. Shef. & Lin., 5 pc, 1865 all 51 91 at Metropolitan a per cent lOO 10u 104 at Midland, it 5 per cent prof. 100 107 10e at Do B 5 do 100 107 10e 18 Do 5p c opt. to cony. to Ord. Stk., Sept. 1, 1869 all 201 211 18 Do lncony. New Shares all 19 193 22 Do .5 p c con. into Old Stk., Aug. 31,1372 Bl 11 2f p at North British, E. and (.1 No. 1, 5 per cent ... 100 ... at Do X,lO guaranteed, 1561 100 „.. Do E ,P., 5C Duu., 2d, 4pc 100 at Do ~55G, N 0.2, 5 p.c... 100 ... at Do N. 8.. 5 per cent, 1862 100 et Do E. & G., N 0.3, 5 p.c ... 100 ... at Do E.& G., (Ordiry) 44 p c 100 at North Eastern, 41 per cent 100 iltl at Do Stock. & Danl., D ... 100 113 115 at North London, 44, per cent (11ax. 5 per cent) st North Staffordstdre 5p c lOO st i3outh Eastern, 44 po, 1859 DO „„ st Do 6 do 1661 100 ... st Do sdo (Oh. Cross) 1863 100 st Do 5 do, 1664 St Victoria St. st Pimlico, 44 pc 100 ..„ BALL WAYS.-LINES LEASED AT FIXED RENTALS et Birkenhead lOO al 93 00 Do. 41 per cent. Prefer.- all ile 100 et Buckinghamshire at Chester and Holyhead lOO 64; 8 a t Do. 51 per cent. at Do. 5 do. ... st Clydesdale, guaranteed lOO m ... at Colchester Stoar Valley at East Lincoln, gua. 6p. c lOO 142 144 20 Gloster and 1 eau Forest all ~. ... a Gt. Easn., Newm., &c., 5 p.c 100 ..„ ... a Do. E. U. Harwich, 4 p.c 100 .„, ... st Do.do.Woodbrg.Ex., du NI .. .. at Gt. West ,W. Slid., Herd 100 37 99 50 Hull and Selby all 110 112 et Lancaster and Carlisle lOO 217 222 at London and 13lackwall lOO 93 95 at Do. 41 per cent lOO ... „. at London, Chat., &c., 41 pc. 100 ... ... et Do. Cont. Fund, 5 do 100 ... „.. at Loudon and Greenwich at Do. do Preference lOO ... ... at London, Tilbury, & South 100 83 85 st Lovrestoft, gua 4 percent lOO 79 81 at Do. , ii• 6 do ... Iv, 51 Munch., 8t.... Ma" . ' all ... .." ... ... at Midland, Bradford, Prof lOO 92 91 NI 10 Mid Kent Cray Liz) 59 Nertbern& Eaat., 5 per cent all 53 56 80 Do. do. 6 do. all .., at N. Eastern—Hartlep00l ... ... at N. West. A porp. prof, 5p c lOO 107 109 at Do B minimum 11 p.c WO ,„ „ at Notting. F.; Urantn It. & 0 lOO 9l 9:I 25 Preatou and Wyre. all 44 46 ... itoyston, Hitch., and Shop. 100 112 134 lit Shrewsbury and lioreford 100 L 32 l:;} la Do do 8 2 Zip I; S.Tor k s h .a p n e d r lti cent er g Dun,m OJ lOOl ,I.i, 877 D 4 - 5 du st Vict. Station and Pimlico lO9 '. _ at West Cornwall , lOO 67 58 20 West London, Class A all 13 14 20 DO do B all „. ... 20 Do do C all ... ... st Weymouth and Portland lOO ,„ ... a t Wilts and Somerset DOCK' • !", et East and West 0 118 191 Lo*don and St. Battu:a—. WO 61 33 ,u 100 D oDob. stock, 4 per cent atl Miliwall Freehold Land Dock 10) -8 81 Southampton I Jo 72 78 nurrey Coramertnal lOO 110 113 TELEGRAPH COMPANIES. TO Anglo-American Tei., lim ill 191 24 2ul 1 10 Anglo Mediter Tel., 1im.... II 2(4 20, 20 at Atlantic Telegraph lO 17 19 16 at Do. 8 per cent. lOO 61 55 481 at B. and I. Magnetic Tel., lim. 100 180 1;0 at Electric & Inter. Telegraph 100 282 '267 10 Do. Nevr 3 12 13p 25 Indo-European Tel., lira all 23 24 6 Lond. Provincial Tel. lim all 21 04 1 Do. Prefer. 10 per cent all 1 1p 10 Mediterra. Exten. Tel., lim all 9 10 8; 9 25 Renter's Telegram all 78 86 20 Societe Transatlant., Um— all 181 184 171 181 at Submarine Telegraph 1 Do. Scrip all 11 It 6 U. Kingdom Tel. Co., lim all 7 8 5 Do. 10 per cent. Pref all i 1 ; - 1 _ MISCELLANEOUS. 10 Ani To - -31exican Mint all 141 141 25 Australian Agricultural 25 Australian Mort. Land and Finance. lim. 10 Baugarah Tea Estates, lim 3 6d 10 Berlin Water Works, lim all 141 141 10 Do. New all 100 Bolckow Vaughan, lim. 5 Bombay Gas, lim. 5 Do. New 4 11 id 50 British American Land 44 15 17 20 British Indian Tea, lim all 1 2 20 British Ship Owners 7l 29 Canada Company all 10 Canadian Loan and Invest ment, lim 2l .. ... 20 Ceylon Company, lim 20 Do. A shares 10 City Discount, lim 6 25 City of London Real Pro perty, lim 9 51 4 30 City of Milan Improv. lim all 6 6 25 City of Moscow Gas, lim all 50 City Offices, lim 25 23 22,1 131 1 50 Colonial, lim. 63 t 5 63 Do. , 22k ... ... 60 Commercial Union (Assur) b pr i 61 10 Company of African Mer chants, lim 20 Continental Union Gas, lim all 25 27 25 Copper Miners of England, pref. 71 per cent. 10; 107 9$ 101 97 9LI 110 113 - 66 72 TIIE REDUCTIONS. Inere will probably be no regiments actually disbanded after all, but the reduction by two companies of every regi ment now on foreign service will very greatly reduce the army expenditure for the ensuing year. The officers of the companies reduced, to the number of 156 captains and the same number of lieutenants, will be borne as supernume raries en the strength of their regiments. Consequent on these reductions we hear that a stop has been put to all gazetting of ensigns to the line, and the appointments lately won by successful candidates at Sandhurst are postponed indefinitely. The regiments affected by the reduction will be the following :-Ist (four companies), 2nd, 3td, sth, 6th, 7th, Bth, 9th, 10th, (four companies), 11th (four companies), 12th, 13th, 14th (four companies), 15th, 18th, 19th (four companies), 20th, 21st (four companies), 24th (four companies), 25th, 26th, 28th, 29th, 31st, 32nd, 36th, 37th, 33th 39th, 41st, 45th, 48th, 49th, 52nd, 53rd, 55th 58th, 59th, 60th (six companies), 61st, 62nd, 64th, 69th, 71st, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 83rd, 84th, 85th, 86th, 87th, 88th, 92nd, 95th, 96th, 103rd, 104th, 105th, 106th, 107th, 105th, 109th Rifle Brigade (four com panies). The Ist battalion 16th, 82nd, 93rd, and 102nd, will, of course, on arrival home, be reduced to the home establishment of ten companies. A number of unattached lieutenant-colonelcies and majorities will be distributed when these reductions take place. The vacancy caused by the death of Admiral Sir George Seymour, G.C.B. will not, it is expected, be filled up. Those workmen in the steam factory of Woolwich who have served fifteen years have been placed on the same footing as the dockyard men, and have received bonuses from the Admiralty. In connection with the reductions the ith and Bth Hussars have been ordered, by telegraph, home from India, and will not be relieved, thus reducing the number of cavalry regiments in India from eleven to nine. The Royal Artillery, as well as its staff at the Horse Guards will probably be considerably reduced, and the Broad Arrow expects that when the army estimates appear, but poor prospects will be held out for officers desirous of staff employ. The same paper un derstands that the whole of the cavalry depot at Canter bury will be abolished in connection with the new system for Indian depots. Captain Douglas Calton, the Times states, has been appointed to the Directorship of Works and Buildings—a new office under the First Commissioner of Works. The Assistant Under-Secretaryship of State in the War Office, at present filled by Captain Galion, will be The Leeds Mercury's London correspondent gives some interesting items concerning the proposed reform of the Civil Service. " There has recently," says the writer, "been some thought of throwing the whole service open to com petition. This, however ; would not meet the great evil. That evil lies in the fact that the Government have to find work for none but edu cated gentlemen, and that the very letters which pass from one department to another ought to be copied, and the simplest sums in addition worked, by young men who either have the ad vantage of social position and political influence, or who have passed a stringent examination before the Civil Service Commissioners. The plan by which it will at no distant date be proposed to remedy this evil, and which already I know finds favour with more than one official of high position, will be the reduction of the permanent staff of gentlemen, and the employment of an inferior order of clerks, as " writers," to do the inferior kind of work. These writers would be men engaged merely to do certain work as long as that work was to be done; they would not be guaranteed permanent employment, and their numbers could be reduced or increased at pleasure ac cording to the pressure of work in the various depart ments. The proportion in which "writers" and permenent staff should, as a rule, be employed has been estimated by a member of the present Government at about 50 per cent. of each class—or one-half clerks and one-half writers. This is, of course, a sweeping change. It is, however, one which is actually about to be tested experimentally in one of the Government departments, and from all that I can see and hear, it is one, I think, which the public will approve of, and for which the Civil Service ought to pre pare itself." TIIE REDUCTIONS IN SHEERNESS DOCKYARD. The Times announces the extent of the forthcoming reduction of hands in Sheerness Dockyard. The following are the official figures :—From the factory department, 180 men ; shipwrights, 90 ; calkers, 7 ; labourers, 25; hired men of different trades, 220; giving a total number of 528. It is understood that the above numbers will be taken, as far as possible, from the younger and non established hands, and that in very few cases will the older, experienced workntn (unless upon medical examination they are declared to be unfit for labour)be either discharged or superannuated. During the last few days the Lords of the Treasury have refused to sanction the discharge and superannuation of 17 men from Sheerness (whose names had been forwarded to the Admiralty, and by them in due course to the Treasury), on the plea that the medical certi ficates were not sufficiently explicit is to the reasons why the men were recommended to, be struck off the roll of the dockyard. This has done much to restore confidence among many who by reason of their approach to the age: of 55 and 50 years, thought they were likely to be amon; the first to be p ensioned. The total financial reduction to Efftlitio*Pi9C9 THIRD i - J)lrri O.IN SUN OFFICE, 6 O'CLoCK. TATTERSALL'S—This Evening. WATERLOO (COURSING) CUP. 20 to 1 agst Mr Spink's nomination (taken) TWO THOUSAND GUINEAS. 13 to 1 &gst Bridgwater (taken) DERBY. 6to 1 agst Sunshine (offered) 16 to 1 agst Bridgwater (offered) 35 to I.agst Cymbal (taken) LIVERPOOL GRAND NATTONAL. 20 to 1 agst Q.C. (taken and offered) 22 to 1 agat Tathwell (taken and t rfvred) 25 to 1 agst Costa (taken and offered) 25 to 1 .egst Latub (offered) 1000 to 30 agst Survey (taken and offered) 1000 to 30 agst Snow - stoini (taken) 11;00 to 30 agst Nuage (offered) 200 to 6 agst Fertullagh (aken) 1000 to 30 agat David Coppertield (taken) 1000 to 30 east Doctor ((tiered) 300 to It egst Pearl Diver (taken) 40 to 1 egst Little Rogue (tulien) 40 to 1 agst Ctistal (offered) 1000 to 20 agst Count Horn (wanted) 11:00 to 20 agst Roving Maid (offered) 500 to 10 agst Cassu Tete (taken) 500 to 10 agst Harvester (taken) Cll'Y DAT. WATERLOO CUP. 4to 1 eget Lord Lurgan's nomination (offered) 25 to I agst Dr Richardson's,zomination (taken) 80 to 1 aget Mr F. Johnston's nom. (taken) 30 to 1 agst Mr Clark's nomination (taken) 1000 to 25 agst Air Deighton's nomination (taken) 40 to 1 eget Mr Foulke's nom. (taken) LIVERPOOL GRAND NATIONAL. 18 to 1 agst Q. C. (offered— 20 to 1 taken and w) 20 to 1 agst Tathwell (offered—take 22 to 1) 22 to 1 agst The Colonel (offered) 25 to 1 agst The Lamb (taken and offered) 25 to 1 aget Costa (taken and offered) 25 to 1 agst Nuage (taken and offered) 100 to 3 agst Fertullagh (taken) 1000 to 30 aget Snowstorm (offered) 40 to 1 agst Surney (taken) 40 to 1 agst Doctor (taken) 40 to 1 agst Harvester (taken) 40 to 1 egst Cristal (taken) 40 to 1 agst David Copperfield (wanted) 40 to 1 agst,Pearl Diver (offered) 1000 to 15 agst Scarrington (wanted) 1000 to 15 agst Fan (wanted) 1000 to 80 agst Mr Brayley's lot (wanted) TWO THOUSAND. 425 to 100 aget Kingcraft (offered) 9 to '2 agst Sunshine (offered) Bto 1 agst Astolfo (offered) 12 to 1 aget Bridgwater (t a ken) 7 to 4 agst any two coupled (offered) DERBY. 1000 to 150 agst Sunshine (taken) 1600 to 100 agst Bridgwater (taken and wanted) 20 to 1 agst Sunlight, (offered) 1000 to 30 agst Exciseman (offered) 10 to 1 agst . Alaric 1,2, 8 (taken) FRANCE. (REUTER'S TELEGRAMS.) PARIS, Jan. 24. The Figaro of to-day says that although the workshops at Creuzot are generally closed ou Sun day, nevertheless almost all the men reported them selves to the overseers as ready for work. The re mainder declared their intention of resuming work to-day. A journeyman turner named Sangis, who incited his comrades to violence, was arrested o❑ Saturday. Six other men also were arrested for endeavouring to arouse resistance to the authorities. The Prefect of the Department of the Seine at. d Loire has caused the public meeting which was to to have been held yesterday to ba adjourned, but several private gatherings took place. It is asserted that the men on strike who have been arrested would not resume work, but will re main peaceable ; 82 per cent. of the operatives have resumed work. The Figaro mentions, under reserve, a rumour that the witnesses have stated, before the Court of Indictment, that M. Ulric de Fonvicile, while with the apothecary to whose shop tin body of Vic_or Noir was taken, exclaimed, "lie has kited toy friend, but he has himself received a famous box on the ear." According to Reuter's telegram from Paris to day, the French 3 per Cent. Renter were 731. 67c. Undtcided. SPAIN. MADRID, Jan. 23. A meeting of the majority of the Cortcs was held yesterday, at which ib was resolved to reject the motion of Senora Castelar, Manes, and Rod rigues, which is to be brought forward to-morrow, proposing to exclude the Duke de Montpensier as a candidate to the Throne. This motion will be opposed by the Government. The Duke de Montpensier has been elLeted by an immense majority as Deputy for the Asturias. PRUSSIA. BERLIN, Jan. 24. The Archduke Carl Ludwig of Austria arrived here yesterday afternoon. He was received at the railway station by the Crown Prince, other mum here of the Royal family, and the Austrian Em bassy. A guard of honour was in waiting. A grand dinner at the Royal Palace will bo given in his honour to-day. ARRIVAL OF THE C APE MAIL. PLYMOUTH, Jan. 24. The Union CoMpany's steamer Briton froat the Cape on the 19th of December has arrived uith 20 passengers. Her dates are :—St. Helena, Dec. 27th, and Madeira 15th of January. The mails will be forwarded by the 7.40 train this evening. The Great Eastern was not expected at fable Bay till the day after the Briton sailed. Th e barque Enterprise, from Swansea, for St. Paul's de Loando, with coals, was burnt on Nove►nber the 11th. The crew were rescued by the barque An riga, and landed at St. Helena on December 17. The Chiltern, steam tender to the Great Eastern, arrived at Table Bay on December 13th, and re ported that the Great Eastern was corning on at half power. RACING FIXTURES-1870. FEBRUARY. Lincoln l5, 16 I Derby .. 22, 23 Harrow 17, 18 I Newton ..., 2e, 26 MARCH. Nottingham... 1, 2 1 West Somerset l3, 17 Liverpool B, 9, 10 I Warwick 22, 23, 24 Pontefract 14, U. i Epsom 29, 89 Cambridgeshire l4, lb 1 Bromley ..... ...81 and April 1 _ APRIL. Northampton 5, 6 Newmarket Crayon 18 to 22 West Drayton 7, 8 ' Abergayenny 21, 22 Thirsk Kingsbury lBll 1 Croydon. 28, 2f Durham lB, 19 I MAY. Newmarket let E3p..,.2 to 5 I Harpenden 2O, 21 Chester. lO, to 13 j 13at.h 74, 25 Winchester lO, 11 Stamford 26, 27 Salisbury l2, 13 ; Croydon York 17, 18 ' Epsom 31 to June 3 Doncaster 16, 20 J 1 Croydon .8,9 NE. I Newton , 22, 25 Manchester E, 9, 10 Ascot 14 to 17 Windsor 2l, 22 Hampton 28, 24 Bibury Club 2/ Stockbridge...BO, and JoIT 1 Newmarket S to 8 Nottingham 12, 13 I Chelmsford l2, 18 Reading 1/, 13 I West Drayton 14, to Huntingdon l9, 20 Kingsbury 2l, 22 Goodwood AUGUST. Brighton 2, 8 1 Brighton Club 4 1 Lewes ........, ...b, 6 1 Stociitt l7 to 19 Oxford lB, 19 York 23 to 25 Egham 9,10 'Windsor ll, 12 Bromley l6, 17 Plymouth Derby SO, Al Woyu3ou►.h SO, SI SEPTEMBER. War wick 6 7 Richmond 2e, 21 Abingdon 8, 0 I Western Meet (A yr) 21 to 28 Dosimeter 18 to 16 Hendon 22, 28 Hampton 20, 21 Newmarket let Oot. 27 to SO QUEEN'S CONCERT Rooms, HANOVER- S Q UAEE. To-morrow evening, Mrs. Lafontaine Erskine will give an entertainment here of more than ordinary interest. It will consist of readings from tho best authors, And a musical performance of a very interesting and singular nature. Report speaks highly of the talents of Mrs. Erskine as a " Reader." The instrumentalists are Sig norina Vittorina de Bono, Signor Luigi de Bono, and Mos Julia Lafontaine. LY. ligh yes- C dur- , old iners p.m. rkr t rider The nest ;I) a the shes • re- tg a the ev6. bly, atne his ;ess. pled te h a urs, the heir iese r- any she be !ess be ALI, Lod ost de 'ho on. :he use 'ell ;th cal la, ,ay En- ay I Y, ite le- :he by 6ry