The Sun. — London, England, 1870-02-05 00:00:00

MONEY MARKET AND COMMERCIAL INTELLIGENCE. CITY, Two O'CLOCK. The attendance to-day on 'Change was very restricted, and, as a consequence, business was trifling ; but i❑ the transactions that did take place no diminution in pi ice was submitted to. Consols are firm at their opening figure, and the arrangements that wi!l have to be made to provide funds to replace those required for the purchase of the telegraphs induces the belief that prices, at no di3taut period, will go higher. In the Railway Market there has been another rather considerable rise in the Great Northern Stock, and the other featuros of the morn ing is an advance in Construction Shares. There 13 little demand for discount, but the rate iu the open market remains unaltered. Consols are now at 921 to 921 for money ; ditt o , for Ac —; Three per Cent. Re duced, 921 1 ; New Tree per Cents, 921 1 ; Exchequ er Bills £l,OOO, March, par ; June, prem ; ditto £lOO, £2OO, and £5OO, March, P a r ; June, prem. ; Bank of England Stock, 4 1 per Cent., 240. India Stock, 101 per Cent., April, 1874, 208 ; ditto 5 per Cent., July, 1880, ma ; ditto 4 per Cent., Oct., 1888, 1001 ; ditto Enfaced Paper, 6 per Cent., 1041 ; ditto 51 ditto, 1094 ; ditto Bonds £l,OOO, 20 prem. In the Foreign Market there is little business tanving. Italians are 541 to :541 ; Argentine, 854 to 861 ex div. ; Egyptian, 761 to 77 ; Mexico, 14 to 111; Spanish New Threes, 271 to 271 ex div. ; Turkish (1865), 431 to 431 ; Peruvian, 794 to 791 ; and Ne w Chilian Loan, 1 to 11 prem. The new Russian loan is 21 prem. ; and the Chilian Loan, 4 prem. American Five-Twenty Bonds are 86 to 87/ ; t he Ten-Forty Bonds, 841 to 85; Erie Shares, 20 to 201 ; and Illinois, 103 to 104 ex div. In the Railway Market prices are firm. There IS again a rise in Great Northern (A), the price b eing now 161 17/, ordinary stock 113 to 114. Caledonian are quoted 764 to 77 ; Great Eastern, 37 1 to 34 ; Great Western, 611 to 63 ; Lan cashire and Yorkshire, 1271 to 1281 ; London and Brighton, 441 to 441; London, Chatham, and Dover, 141 to 151 ; London and North Western 1231 to 1241 ; London and South Western, 93 to 94 ; Metropolitan, 771 to 781; Midland, 1221 to 1231; North Eastern (Berwick), 1271 to 1271 ; and South Eastern, 761 to 761. In Telegraph Shares Construction and Main tenance are 411 to 42, a rise of 11 ; Anglo-Ameri can, 191 to 191 ; British Indian Submarine, 141 to 141 ; China Submarine, dis. to par ; Falmouth, 3 1 to 31 prem. ; and French Cable, 171 to 171. In Bank Shares London and Westminster are marked 58 to 59 ex div. ; London Joint Stock, 311 to 321 ex div. ; Union of London, 36 t.) 37 ; Lon don and County, 49 to 50 ; Imperial Ottoman, 21 to 21 prem. ; Chartered Mercantile, 32 to 33 ; and Anglo-A us t r i a n ' 14 to 16 prem. Great Luxembourg is quoted 131 to 131, and L ombardo-Venetian 201 to 208. There were no gold operations at the Bank yester day. The Holsatia, from New York, has brought £232,420, principally in Mexican dollars, for Eng. la nd, and the Great Britain, from Melbourne 96 ,500. The £96,500 in gold brought by the steamer 'neat Britain is expected to be sent abroad, but 54410 moderate sums may be taken to the Bank S hortly, owing to the firmness of the foreign ex- Cha nges. The steamer Ripon took out £ 159,564 ; specie for the East. Annexed are the particu lars :—Galle, gold, £4BO ; Bombay, gold, £5OO ; M adras, gold, £1,121 ; Penang, silver, £ 8 , 990 ; Singapore, silver, £56,323 ; Shanghae, silver, £82 , 1 50; and Alexandria, gold, £lO,OOO. A The Council of India will receive tenders on the 16th inst. for bills on Calcutta and Madras, to the amount of £387,500. The bill of last Session under which the Tele graphs have been purchased gave power to the Go l'ernment to raise a sum not exceeding £ 7 , 000 , 000, b3 ' mea ns o f Consols, Terminable Annuiiics, or Ex chequer Bills or Bonis. Owing to the state of ti " revenue and the new arrangements with regard to the taxes, the necessity for acting upon this au thority has been in a great degree les iened, but the belief is that a certain amount of Consols has been cre ated and placed on the market during the past fe w Weeks, an d that a further sum has been created t c ; represe n t f un ds received from the savings banks. ,i he Government have also received the principal ' Char t of the produce of the recent loan of the Metro politan Board of Works in payment of an account d ue ~ to th em . Th e supplies thus furnished have d oubtles s proved sufficient to meet the telegraph claims, or, at all events, to leave only a deficiency t i at might be matter of temporary account with ' e Bank. According to the prevalent impression, tho Whole affair is now adjusted, so that there will b 40 more sales of stock ; and, looking at the Smoothness with which it has passed off, it must be regarded as an example of good financial manage "'eat on the part of all concerned. T he letters to unsuccessful applicants for the els u il ian Loan were sent out last evening, and the allotment letters to-day. The proposed dividend on Great Northern Rail way stock fo r the half-year is at the rate of 74 per cent, per annum, against 7i for the corresponding the of 1868. This allows of £ 3 17 s. 6d. on Ordinary stock, £3 on the " B," and £ 4 15 s . on t The G rand Trunk o f C ana da Railway traffic re :4l for the week ending the 29th ult. shows a n in rease of £9OO over last year. special meeting of Reuter's Telegram Com pany (Limited) is called for the 18th instant , to confirml the resolutions recently passed. The fol ‘, wi ng resolution will also be proposed, viz. : That the present nominal capital of the company Z f c1 250 ,000, now divided into 10,000 shares of 4 ? . each, of which 9,000 shares only are issued, be red uced to £BO,OOO, divided into 10,000 shares of £8 each, of which 9,000 shares of £8 each will re present the existing 9,000 shares of £25 each, leav 14g 1,000 shares of £8 each unallotted." The c o l on i a l pro d uce mar k e ts this week have a t endency towards improvement, and there has b een some partial revival of speculative demand. Prices have, consequently, in several instances, ex perienced a further slight recovery. Messrs. Neroutsos and Company, of Manchester, describe the state of trade there as under :—" In quiry has been suspended ; market closes flat, with prices a shade lower all round." Yesterday the half-yearly meeting of the General Credit and Discount Comp any was held, when a further dividend of 5 per cent, was declared. There was a slight opposition to the report of the Scottish Agricultural Investment Company, but it was eventually egreed to. The resolution relative to alimiting the borrowing powers agreed to at aspecial meeting of the Mauritius Land Credit and Age nc y Was confirmed, and the report of the Credit /' o ncier of England (Limited) stated th a t t h e directors had determined to write off one-half the c apital, and that no new loss or disaster had occurred, was adopted. BRITISH FUNDS—CLOSING PRICES. UovEuNmlixT rUNDS. a Per Cent. C onso l s 8 b itto for Account 92 h , Per Cent. Reduced .“.,‘,... o 92: .1 IN, v 0 or Cent (4 % , 2!, pot. Cont. Jan. 1894 1) ' A U • 0 per Cen Jan .187 3 ••enuities, SO yrs, expire sth Jan., 188 t ,. EaP,,o. fur 30 yrs expire sth April 1885 — (Red Sea T ele6raph), Aug., 1908 — -( ' 4o (ittor Bills, £l,oou, 21 p. et. March Do. 2f do. June $ . O l Pm ,-, ZlOO, X2(10 & £5OO . "a^ of En I I Stock, 91 per Cent 1) ( ,. 0 San tt... perking I,"ada 4 per Cent. Bonds — ter-Culenial Onninun lzatc?)lAN li - )VERNMENT SECURITIEe, ISI ktock, 104 p er C ent ., Apr; It , ' 4 2OB IP ° Petting, for Account — If,. 0 pot. Cent. July, 1880 12. 0 1 Pot' Cent. Oct. 1888 II,: Enfaced Pap 4 per C0nt....". 1879 Do. ? per Cut., Jan. 1872 ,0 4 , .... .... l6l B o 9 per Cent. ay Dar Cent., Ru M p , Deb. 18/ , 2... Do Do, do 1817,... — do. 1882 - FOREIGN FUNDS—CLOSING PRICES. Irs;eutine Republic, f; per Cent Do Account Au 'trim, Bonds 5 per cent Do. 1859 Brazilian 5 per Cent - -)D. 41- per Cent. 1852 — Do. do 1838.... Do. no 1860 — Do. do., 1863 77 Do. 5 per Cent., 1865 U+ , , Account .. B.ienos Ayres 6 per Cent. Do 2 per Cent. (Deferred 3 per Cont ', Out.", 6 por Cent. — Cddiaa 6 per Cent — Do. 41 per Cent. — Do. 3 per Cent., ...... Do. 7 per Cent., 1866 l •o. 6 per tout. 1867 — 7 lo uPian, 6 per Cent. Danish, 3 par Cent., 1825 . — Dann Han Principalities, 7 per Cent — Do A ?count Du 8 per Cent., 1867 — t , :cuadar New Octsolidated, 1 per Cent Egyptian, 7 per Cent B5l Do Second Issue •. Do. £SU(, Bonds B3l Do. 1864 Do. Account, — Do. X;,00 Bonds Do . .il tIG Bon is — Do. 7 per Cont., 1868 ..... Do. Account Do. £IOU Bonds 77 Government Railway Debentures Groan sper Cont., 1824 5, ox Coups. — .)o. Coupons Guatemala 5 per Cent . — H.ondurasGov Rail.Loan.,lop..Ct.,allpd Do. Account 801 i ltaiiau 5 per Cert., 1865 — Jo. Account . Do Maremmaua Railway 55 IlexicaL 3 per Cent — Ditto fcr Account Do. 1864 - -- Do 6 per Cent. Anglo-French — itouteridpan 6 per Cent. .. — klocrish imperial 5 ter Cent New Granada 2oi i Do 3 por Cen. Do. Deferred --- Do Laud Warrants (Hectares) Peruvian 5 per Cent. 1565 Do Account 791 Do 4} per Cent. (134:harren) Do 44 per Cent., 1862 - Do 6 per Cent.,1862 — CLOSING PRICES. Oonsole, Money Do. Account, 'March 9 92i 4 xd POLICE INIELLIGENCE—This Day. BOW-STREET. The five booksellers, William Saunders, George Jackson, Henry Tozer, Sam Tyler alias Smith, and Charles Perry alias " Charlie Charlie," who stood remanded from last week on the charge of selling indecent prints, were brought up before Sir Thomas Henry to-day for final examination. Further evidence was offered, and a previous con viction for the same offence was recorded against Saunders. Sir Thomas Henry committed them for trial. MAIILBORO UGH- STREET. A VALIANT EDIC AL STUDENT.—Tbomas Clarke, medical student, of rorchester-terrace, Bayswater, was charged before Mr. Knox with being drunk and disorderly outside the Oxford Music Hall. Police-constable Dix, 182 E, said that he was on duty outside the Oxford Music Hall, when he heard the defendant, in the midst of a large crowd, calling out that he would fight any two men, and on requesting him to go away he refused, and said he would fight any two " Bobbies," and that he could pay 405., or £4O if it was wanted. As he would not go away he was obliged to take him into custody. The defendant said it was quite right what the constable had stated. . Mr. Knox, after advising the defendant not to make a fool of himself again, fined him ss. NEVER TOO BAD WonKs.—Mr. Job Hall, coal dealer, of Pool-street, New North-road, Hoxton, and Robert Nokes, a man in his employ, appeared before Mr. Knox to answer the complaint of the Royal Society for the Protection of Cruelty to Animals, the first-named for causing a horse to be illtreated, by working it in an unfit state, and the latter with working it. Sinclair, officer of the Royal Society for the Pre vention of Cruelty to Animals, SAW the horse, which was suffering from a bad quilter, from which blood and matter was running, draw a van laden with two tons of coals, in the care of Nokes, and on going with Mr. Cherry, the Government veterinary sur geon, to Hall two days afterwards, he said he bad sold the horse for 353., to be worked by some one else. Mr. Cherry said it was gross cruelty to work a horse in such a state. Mr. Knox ordered Nukes to pay the costs, and fined H,ill 10s., and ordered him to pay 123. 6d. costs. WESTMINSTER. IMPORTANT TO LANDLORDS. —A very respectable looking woman came before Mr. Selfe and solicited his advice under the following circumstances : Applicant said that the occasion that brought her there was of a very annoying and offensive charac ter. Some time ago a man of creditable appear ance came to her house, and having made the neces sary inquiries respecting some apartments she had to let, said that he wished to have them for a friend and his wife, who were daily expected from York shire. Supposing, from all the inquiries she made, that they were respectable people she received them, but to her great vexation soon discovered that the parties were not married, and that the woman was a person of immoral habits and pursuits, who was nightly receiving visitors under such circumstances as to injure the fair fame of her house. Mr. Selfe—You should get rid of them. Applicant—l have tried, but they won't go, and are very impudent. It's a shocking thing for me. What am I to do ? Mr. Selfe—Get rid of them. Applicant —They won't take warning to leave ; they won't go. Mr. Selfe—Turn them out. Applicant—Can I?, Mr. Selfe—Certainly. Applicant—lt's quite frightful. We can't get our natural rest. They are in and out all hours of the night. Mr. Selfe—Close your door, and don't admit them. Under the circumstances you have stated you have a perfect right to keep them out. Applicant was very thankful. THAMES. A STRONG AND POWERFUL ONlON.—William Onion, described as a labourer, aged 30 years, was brought before Mr. Paget charged with being drunk and assaulting two police constables, named William Guilfoyle, 190 K, and John Traphett, 130 H. The prisoner has been before the court about 50 times or more, and was once convicted for assault ing a London Dock constable and attempting to throw him into the dock, for which he was sentenced tollB months' imprisonment and hard labour. He was once sentenced to six months' imprisonment for disabling a police-constable. He has since then been repeatedly in custody for assaults and drunk enness and breaches of the peace. He has been taken out of Whitechapel, Shadwell, and Stepney church-yards at midnight, singing melancholy dir-es, and his excuse was that he was on l y sin g in g over his father's grave " Father, come home," although it has not been decided iu what cemetery his father was buried. Last night he was intoxi emaatendanngdmfoolnloey. following two sailors, of whom he was de di They refused, and he threatened them with violence and used brutal language. The seamen complained to Guilfoyle, who interfered, and ordered the prisoner about his business. lle refused, and struck Guilfoyle and threw him on the ground. Guilfoyle soon arrested the prisoner, who mad, a determined resistance. Traphett came to the assistance of Guilfoyle, and was also struck. The policemen soon overpowered the ruffian, and took him into custody. The prisoner came out of gaol on Tuesday, after a conviction of seven days' imprisonment by Mr. Lushington. Ho now pleated drunkenness, aud, in allusion to a face tious article on his brutality iu the columns of Punch, said be he was a strong and powerful onion. Mr. Paget said the prisoner was a drunken and disorderly ruffian, who had g iven the police and others great trouble. He sentenced the prisoner to one month's imprisonment and hard labour. IHE SUN, LONDON, SATURDAY EVENING, FEBRUARY 5, 1870. SHARE LIST. •ttO[NAItY SHA.IIICB AND STOCKB. rata. Closing butane , a Price. Ilene. St Best,' and Exeter lOO 78 SO st Caledonian ..... - luo 71'1 77 7ef 4 et Cumbrian. 20 Corn wall all 21 01 2/ it Dublin Z - 3 Belfast June IW) - - 6t Dtui n eerth, & Ab.Juuc lOO 70 72 22 East London all 4 6 110 Do 55 - - 22 Do 10 - - at Glasgow &S. Western lOO 107 1(9 it Great Eastern ..' l O ,/ 371 374 371 S it Do. E. Angl. No. 2 lOO 01 71 it Great Northot Scotland lOO la le st Great Northern lOO 1111 1121 1121 1 it Do. A. stock.... lOO 111 112 111 121 et Do, B Block lOO 127 122 it GtS, and ‘V. of Ireland lOO 08 100 it (it. Western -Original lOO 64 611' 621 2 st Do. South Wales et Do. W. Mid.-Oxiorti... 100 40 42 it Do. Newport lOO 31 16 st Lancdshire& Yerksiiir( , lOO 128 15q et Lon., lirigh.,4t 6.Cuitt lOO 44 444 441 - Do Scrip - - it Lou., Ottat., and Dovir.. 100 15 151 -t Do. Metrop. Ex. A.... 100 11 13 st Lun. & North Western ICC 1 13/ 1241 1231 at Lon. 4 South Western ICO 83 14 04 04 Man., Shet.ok Lincoln lOO 511 02 it Aletropolitan ....• lOO 781 it/ 781 1 et Do Extension .. 5 Do. New rd .. - st Metropolitan District. ill 35 16 10 Metrop. St. John's W read 10 - - st Midland it D O, dirmin. At Derby lOO Si it st North British . ..... et Do. Ed., Pth., & Dun lOO st Nor Eastern-Berwiea lOu 25 1.).. G. N.E purchase-16.1 3 .i - - at D Leeds ....... ... - it D °York 2OO 12'1 :241 126 51 it D oCarlisle ...• - - at 1) oStock. & Darling l6O. 167 109 168/ 9 et North London 10 Do New 1868 at North Staffordshire lOO 61 63 st North awl S. W. Junction 100 99 101 10 Do New £lO shares 7 ... .. st Ith:ymney st Shropshire Union ICO 501 601 st South Devon'.. it South Eastern lOO 75/ 764 7C/ it Staines, Wok'hain, & Wok all 13 11 st Tali Vale . lOO 104 158 -- Do. C.. - Waterford & Kilkenny lOO 10 Waterloo & Whitehall 6 Railways 1261 Wit 127 k RA.LLVTAYS-PREFERENCE SUAICES ANI.,) STOOLS. st Bristol and Exeter 4 p.cent. 100 87 8) st 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 Do. do. Ordinary lOO 76 82 st Do. Midland st Do. Dundee and Arbroath 100 '2O Cornwall, per cent gild all st sss ttt Dundee, ,iO4oitda. eEsle.:ntttc S.W.e Junctionlri in e s, r s E t dg l aoo , r a 6.fEe n sprx d pee. ren A Nic. b oec e . . centt - 111000000 1 do N 0.2 100 1 1 0 0 0 0 - 10;18 1 7 0 9 1 ') 9 st Do 1; 3 100 j st Do 113 , st Do East Anglian A 5 p. c. 100 ••• st Do du B 6 do. 100 ••• st Do do C 7 do. 100 st Do do No. 1, 5 p.c. 100 at Du E. Union 4 P.C. gua. 100 . 63 72 st Do p° d N o ° s t p f° .C. k W s a P v .c .V .E a x l..l l B B 4 4 7 6 110 0 st Great Northern, 5 per cent 10) at Do 5 p.c., rd at 10 p. c. pm. 100 Do 41 do do do 100 at Du 5 do at sp. c.ptn lOO st Du Leeds, Bradford, and Ilalifax, 6 per cent lOO st Gt. Nrth of Scotland, let pi 100 ,„ st Great South. and Western (Ireland) 4 per emit lOO 90 98 st t.Wcbt.—Orig.&Jut.-ltent chg., per gua.s p.c lOO 106 1(8 106: Do. Urig. (B. &IL Ex). 5 p.c lOO 95 It 0 Du do 4) per cent. 1850 lOO 00 12 Do do 4 do do Do do 5 per cent. redem. 100 97 99 Do du Birmingham gait lOO GS 72 Du do do peel lOO ••• ••• Do du Chester gua, I 65 1. Du do do 8 per cent. DU ••• Du do do 5 du 100 95 106 Du South Wales, gua. 4 p.c. 100 „, Do do 44 p.c......... 100 ••• „, at Do do 41 1659... 100 ••• st Do do 5 ......... 10) • ,„ st Do Wesalid. Oxford Ist g. 100 11316 118 at Do do gua. 100 st Do Newport, Ist g. 5 p.c. 100 16 98 st Do do 21 do 100 st Do gua. 51 per cent. 1863 100 00 Lancaster & Carlisle 41 p.c. ail st Laucash. & Yorksh. 6 p.c. 100 1 3 136 at Do Barnsley, £5 3s 101 p.c. 100 .•• ••• at Do 6 p.c. (East Lancashire) 100 I.ttl 1.45 st Do 41 (Blackburn pureh). 100 98 100 Loudon & Brighton, 5 p.c guaranteed, No 1 lOO ••• at DO per cent. gua No. 2 lOO st Do 6 5 do do lOO ~, st Do 5 do NJ. 4 lOO ,„ ••• at Do 7 per cent at Do 6 du (W.E. & e•F ) 100 ••• st Do 4 do 1859 lOO ,„ ••• st Loudon, Chatham, & Dover 5 per cent.. st London and 11. W., C. and Nuneaton 5 per cent lOO 110 112 st Do Bedford &Cambridge lOO „, •" •• s t Do Shrewsb'y & Welch p 'l lOB • at Loudon and S W. 7 p,c late 3d shares, lOO 145 150 s Do (Portsm.perpaus 2561) all • ~, a Man., She., &Linelu. 6 p.c lOO Do Liall par 1 pin DO 31 per cent lOO 64 66 1 Du redeem. 6 per cent 5 ••• „ st Mid. Consolidated ,6p. c lOO 130 1:15 s Do Bristol & Berm., 6p. c luo 1:3 135 a Do 41 per cent. redeem lOO 46 100 a Do 41 per cent. irredeem lOO 96 13) a Do Leicester &IBelun,4 p.c 100 t - >.) 111 st North British, 5 p.c. Nu. 1— 10U st Du E. & Gr. 4p.c.S. & D LOO ••• at Do N. 8., N 0.2, 5 per cen.t lOO st Du Border Limon, p.e lOO st N.-Eastern—Culls. 4 p.c lOO 87 89 st Do 4) per cont. 100 07 99 lit Do L 1 N.E. 4 per cent., lOO ••• 17 Du Larwick capital 8.13.4. Do York, U.& S. purchase lO 10 101 Du Steletu A Drlin o , . A 5 p.c lOO 107 100 at \V, Hartlepool 11. and 11 100 86 88 20 North Staffordshire all 201 211 10s Li. Devon Annuities, 1,5 all 910 lus Do Tavistoek Anus., 10s all 8.1 91 10s Do Fixed 41 per cent all 8 86 1 0.6. S. East. (Read. Anna., 1.0.6) all 22 23 at Do 41 percent lOO st Do Fixed 41 per cent s t Taff Vale No.l lOO 154 158 at Waterford SL Kilkenny, 6pc 100 RAILWAYS.—PREFERENCE MARES AND STOCKS. With Dividends contingent on the Profits of each separate yea at Caledonian 41 p c gua. at Du Scot. Con. ruin. 7p c lOO *** at 1)o 41 p irredoeni all *** at Do 4p c con. , issued at SO 65 „, st Groat Eastern 41 per cent. 100 71 Su at Do 5 do, 1862 lOO 87 9 0 at Do New 5 do, 1863 lOO 84 E 8 st Do do 5 do, 1864 lOO 83 86 at Great Northern, 5p c irred. 100 at Do Permanent 5 per cent. 100 *** st Do Boston & Sloatd, 45 pc 100 „ s t Great West., W. Midi., p c 100 2, at Do Joint porpo. 5 p c,1865 100 88 11; 97 at Do do 6p c irred., 1666 100 115 120 117 20 Do Vale Neath perp. 5p c all „. at Kent Coast, 6 per cent, B lOO 5 Lane. and York New 41 per cent till July, 1871 2 ip at Load., Brig &c., 41 pc, 1858 100 „., at Do do 4 do, 1860 100 ••• at Do do 45 do, 1861 190 „„ at Do do 41 do, 1863 100 ~„ ~„ at Do do 5 do, 1865 100 st Do No. 6 5 do, 1866 100 ,„. st Do No. 7 sdo at Lond , Chat., &c., 2d, 6 p.c at Do 2.letrop. Ex., B 6 p.c „, Do do C 6 p.e 100 at London& N Western, 5p c 100 108 110 et London &S. Western, 41 p c 100 93 95 10 Man. Shef. &Lin., 5 pc, 1865 all 9 91 at Metropolitan 5 per cent lOO 100 102 at Midland, it. I per cent 100 107 109 pref. 100 107 109 at DO B do 18 Do 5p c opt. to cony. to Ord. Stk., Sept. 1, 1869 all 201 211 18 Do Inconv. New Shares all 19 191 22 Do 5p c con. into Old Stk., Aug. 31,187 . 2 B5 11 25p at North British, E. and LI No. at Do £lO , g s u p aranteed, 1861 100 Do E P., &Dan., 2d, 4pc 100 st Do E.& G , N 0.2, 5 p.c at Do N. 8.. 5 per cent, 1862 100 at G.,p.c st Do E.& G., (Ordiry) 41 p c 100 at North Eastern, 41 per cent 100 94 100 a t Do Stock. & Darl., D ... 100 113 115 at North London, 41, per cent (Max. 5 per cent) at North Staffordshire 5p c lOO st South Eastern, 41 p c , at Do 5 do 1861 100 ... at Do sdo (Ch. Cross) 1863 100 st Do 5 du, 1864 at Victoria St.&Piialico, 45 pe 100 ::: ..: ss BAIL WAYS. -LINES LEASED AT FIXED RENTALS st Birkenhead lOO 93 95 93 00 Do. 41 per cent. Prefer all 93 100 at Buckinghamshire at Chester and Holyhead lOO 54; 6 st Do. 51 per cent. at Do. 5 do. at Clydesdale, guaranteed lOO at Colchester Steer Valley st East Lincoln, gua. 6p. c lOO 132 13s 20 Gloater and Lean Forest all s Gt. Easa.. Newm., &C., 5 p.c 100 a Do. E. U. Harwich, 4 p.c lee ••• st Do.do.Woodbrg.Ex., do 100 at Gt. West ,W. Mid., Heref 100 97 /;; 50 Hull and Selby all 110 112 at Lancaster and Carlisle lOO 217 221 at London and Blackwall lOO ys 95 97 at Do. 41 per cent lOO a t London, Chat., &c., 41 p. c. 100 at Do. Com . Fund, 5 do 100 ••• at London and Greenwich a t Do. do Preference... 100 at L o ndon, Tilbury, & Seuth 100 83 8 . 5 at Loweatuf t,gua 4 per coed... 100 79 at Do. d' • 6 do 100 51 Mauch., 8u,.. Ma ali ••• at Midland, Bradford, Pref... 100 92 9••4 10 Mid Kent Cray Lizt.) 50 Northern& East.,s percent all 53 56 50 Do. do. 6 do. all • at N. Eastern —Hartlep00l a t N.West. A perp. prof, 5p c lOO 107 Ij)9 st Do B minimum 11 p.c lOO .„ at Notting. & Granth .R.& C lOO 91 I;; 25 Preston and ‘Vyro, all 44 46 43 ... Royston, Ditch., and Shep lOO ns 131 at Shrewsbury and Hereford 1011 132 134 10 De S 2 9ip s S. Yurksh. and River Dun 140 100 105 1031 is 4 per cent gun lOl 78 80 5 do at Vict. Station and Pimlico lOO • st West Cornwall 20 West Loudon, Class A all 13 14 20 Do do B all 2o Do do at Weymouth and Portland lOO .„ at Wilts and Somerset DOCKS. -et East and West Loudon and St. Katherine 100 49 91 100 D oDob. stock, 4 per cent . all ~. ..... Millsvall Freehold Land bt Dock lO2 20 33 Southampton l lO 72 75 1 Surrey Commoiclal NU 1 0 111 Closing Business Share NAME. Paid. Price done 10 Agra Limited, A all 111 121 .1.1 Du B lO 41 5 50 Albion 00 Alliance, Liniited 20 Anglo Austrian 20 Anglo-Egyptian, lim all 211 25 25 20 Anglo-Hungarian - 8 Id iP 20 Anglo-Italian 1860, limited 10 3 .: 2 40 Australasian 20 Bank of British Columbia all 1 5 16 20 Do issued at 2 pm._ , 5 31 21 '25 Bank of Egypt 2U Bank of Outgo, lint. 25 Bank of South Australia all 34 33 1 50 Bank of Victoria, Australia '25 31 3,1 10 Bank of New Zealand all 15 10 • 50 British North American 20 Chartered of India, Austra lia, rnd China all 111 19 25 Chartered Mere. of India. London, and China all , 31 33 20 City lO 11 111 100 Colonial 25 41 43 10 Consolidated, lim. 50 Delhi and Loudon, lint 50 East London, lieu 20 English and American, lint 10 ' • • ••• 20 English Bank of Rio de Ja neiro. lim lO 4 111 ) i 20 English, :_•cottish,aud Aus. traliau Chartered ..0 all 171 1 8 1 _ _. ...._ 281 Hung Bong and Shanghai Bank Corporation all 27 :-. 9 291 Do new llk 41 5 1 100 Imperial, lirn 2O 3 2 20 Imperial Ottoman lO 21 3 12 1 i 25 lonian all 2J 22 25 Do new 5 6 3 Lnd Mortgage of India, lira 4 3i 3 1 100 Do sp. c. Debs.l664, SO all 7G 76 80 100 London Bank of Mexico _ . and South America, lint. 20 5 4 100 London and Brazilian, lien. 45 35 Z 9 20 Do new 71 5 45 100 London & River Plato, Urn. 40 11 13 25 Do new 10 15 2 p 121 20 London Chart. of Australia all 231 245 20 London and County 2O 404 505 50 50 Do new, iss at 20 p.m, 16 pd ll ... ••• London Joint Stock 315 325 London and South African al 100 London &S.-Western, lim, 20 13 11 50 London & Venezuela, lint_ 121 ••• 100 London and Westminster. 20 0') 0 1 " 84 100 Do Scrip, iss at 10 pm 2$ ..• ... 100 Merchant, lint 25 61 5 4 10 Metropolitan, lira all 71 71 00 Midland, lint 2O id 4 5 National of Australia 25 National of Liverpool, lint l5 3d 1 p 00 National Provinc. of Endd 42 ... 110 1 10 42 ... 50 National. 3O 20 New South Wales all 41 43 20 North-Western 7l 25 Oriental Bank Corporation all 43 41 44 50 I'roviuc. Bank. Corpo., lint. 10 61 51 30 Provincial of Ireland 25 85 87 10 Do new.. all 100 Stand. of Brit. S. Africa, lint 25 14 13 100 Do issued at 6 pm. 10 8 6 25 Union of Australia all 46 4 ; 454 100 Union of Ireland, 50 Union of London TELEGRAPH COMPANIES. 113 Atiro-American TeL,lluiall. 114 19; 194 l 10 Anglo Mediter Tel., 1im.... 10 201 21 st Atlantic Telegraph lO 14 10 st Do. 8 per cent. st B. and I. Magnetic Tel., lim lOO 180 lido st Electric & Inter. Telegraph 100 262 , 267 10 Do. New 8 12 13p 25 Indo-European Tel., lim.—, all 23 25 5 Loud. Provincial Tel. lim all 3 4 1 Do. Prefer. 10 per cent all ... .. 10 Mediterra. Exteu. Tol., Um all 9 10 25 Reuter's Telegram all 85 90 20 Societe Trausatlaut., lim all 18 181 171 1 st Submarine Telegraph 1 Do. Scrip all 11 11 b U. Kingdom Tel. Co., lim all 7 8 5 Do. 10 per cent. Pref all al el MISCELLANEOUS. 10 Anglo-Mexican Mint ail 111 15 25 Australian Agricultural 2Ol 16 17 25 Anita Mort Land and Fin, L 5 1d pr 10 Baugparah Tea Estate, Lim all 4 5 10 Berlin Water Works, Lim 1 -4. / 15 1 A 5 Bombay Gas, Limited all 5 54 5 Ditto, New 4 pr 4 pai 50 British American Laud 20 British Indian Tea, Limited all 1 2 27 Canada Company all 63 65 20 Ceylon Company, Limited lO 4 3d 20 Ditto, A shares 25 City of London Real Prop, LlO • 6 bd 30 City of Milan Improvnieut L all 4 5 50 City Offices, Limited, 50 Colonial, Lin.ited 2O 4 2d 50 Commercial Union (Asso) 10 Coin of African Month, L 20 Continental Union Gas, L 23 Copper Miners of England, Pref 74 per cent all 5 7 100 Corp of London Bonds, 1877, 91 per cent all 100 Ditto, 1879, 41 par cent all 100 Ditto, 1882, 41 per cent 10 Credit Fonc of England, L all 24 21 31 1 50 Credit Fouc of Mauritius, L 10 24 14 St Crystal Palace St Do, Preference lOO 91 99 "97 St Do, 6 per cent Perp Debeutloo 105 110 50 E India Land Credit & Fin L 7 5 4 32 Ebbw Vale 271 1U 9d 171 100 Egypt 9 p ct Viceroy's Loan gua by Egyptian Coy all 97 98 98 71 20 Egyptian Own and Trading L 4113 3 English and Austr Copper, L 21 1 1 6 Fairbairn Engineering 5 I.LI p 20 Fore-street Warehouse, L 13 34 4-1 p 100 Foreign and Col Gov Trust and Loan 6 per ct Bonds... all 9LI 97 10 Gen Credit and Diicouut,. L 71. - 1 1.1 15 General Steam Navigation... 14 2U 3U 50 Home and-001 Marine Ins, L 5 lil p 20 Hudson's Bay ill 12 121 50 India Rub, Telg Works, L... 45 57 59 10 International Finan See, L... 5 . 1, 1 11d 20 Italian Irrig,aton Canal, Cav all 9l 41 100 Ditto, 6 per cut Bonds, red all 1870 Laud Securities, Limited.- London African Trading lO Lend Financial Assoc, Lint_ 30 18 17t1 Loud Gen Omnibus, Litnd Loud & Glasg Engin, 'Auld._ 25 16 16d Loudon and Prov Marine Madras Irric , & Canal, guar 100 spc by India Gov lOO 103 105 50 Merchant Shipping, Limtd all 32 37 10 Natal Land and Col Co., Lim all 31 41 41 25 National Discount Co, Lim 5 114 11 1 11 1 10 National Steamship, Limd all 134 141 1 Nerbudda Coal & In, Ld 6s 6d 4 I 10 New Consolidated Dis Ld 5 New Quebrada, Limited 4112 41 41d 25 N Zealand Ln & Mere, &c ~ 2l 1 41) 25 N Zealand Trust & In, Ld 5 1 1 1- I'P 10 North Assam Tea, Limited 7 7 s ' l 10 Do, B .01 -- - d St N British Austral, Limited 100 60 70 50 N British & Moreau lusnce 64 23 234 25 Ocean Marine Insurance 5 15 16p 5 Oriental Gas, Limited 5 Do, NeW x 10 Otago & South Invest, Ld 2 .4( 1 41 3 5 Ottoman Gas, Limited a ll 2 21 St. Peel Riv Lud & Min, Lim , 100 3 1 33 50 Peninslr & Oriental Steam all 45 47 50 Do., New, 1867 lO 3 4 2 A d 50 Rhymney Iron 15 Do, New all 8 4 8 1 25 Rio Janeiro City Itn., Lmtd all 191 201 20 Rio Janeiro Gas, Limited 100 Royal Mail Steam 6O 52 54 541 St. Scot Aus Invest, Limited lOO -- -- 25 South Australian Land 20 Thames & Mers Mn Ins, L 2 24 2 IP St. Tobacco (Ital 6p c Loan) all 86 88 10 Trustand Agency of Austra lasia, (Limited) I IP 20 Tr &LnCoof Up Canada 6 • t P - Union Marine Liverpool, Ld 5 6 6 4P United Dis Corpora, Lmtd 6 2 Univer Mar (Ins), Lmtd 541 ld 5 41 3 Upper Assam Tea, Lmtd .., all 4 1 Van Diemen's Laud Viceroy of Egypt Mort Ln all 801 811 801 Warrant Finance, Limited 12 8 6d WI & P Steam, Limited 4 50 20 St COLONIAL GOVERNMENT SBUURITIES. Canada Government, 6 p c, Jan and July, 1877-84 100 101 105 1041 Do, 6p c, Feb and Aug lOO 102 103 Do, 6p c, Mar and Sept 100 105 106 Do, 5p c, Jan and July . .... lOO 91 95 Do, 5p c, inscribed stock lOO 93 95 96 Do, 5p c, Dominion of, 1803 lOO 95 96 961 Cof Good Hope, 6p c, Dec, 1873 100 103 105 10i D0 19 6p c, April and Oct, 1890- 00 100 110 112 Do, 6p c, April and Oct, 1880-90 100 109 111 Do, 6p c, Jan and July, 1891 lOO _ Do, 5 p c, April 15 and Oct 15, 1900 100 1021 103} Ceylon, Nov, 1878, 6p c 100 109 111 Do, 1872 lOO Do, 1882 and 1883 100 112 114 Mauritius, 6p c, 1873, Jan & July.loo 102 104 Do, 1878, Jau and July 100 106 108 1061 Do, 1882, May 15 and Nov 15 100 107 109 D0,1895-G, Feb and Aug .. . lOO 111 113 Natal Gov 6p c, April & Oct lOO 108 Ho Do, 6p c, May and Nov 100 107 109 New Brunswick Gov 6 p c, Jan and 100 104 105 July N. S. Wales Gov 5 p c, 1871 to 1876, Jan and July lOO 1001 1011 Do, 5 p c, 1888 to 1806, Jan and July 100 1 011 102 f Do, 5 p c, red by auu draws , fr o m 1867 to 1875 lOO 100 101 Do, 2 per c, annual draws, 1872 to 1898 100 101 102 New Zealand 6p c, 1891 lOO 10707 109 Do, Jan, Do 5 c 100 1 91 a i n April, July, Oct 100 97 97 Do., 6p c 1891, Mar and Sept loo 108 110 Do, p ct, 1891, June and Dec 100 107 109 Nova Scotia Gov, 6 p c sterling, 1875, Jan and July lOO 1021 1031 1031 Do, 1880 lOO 104 105 Queensland 6 per ct, 1882-85, Jan and July 1 00 1081 1091 109 Do, 1891, Jan and July 100 1681 109 k S Australian Government, 6 p c,1001869-77 Do, 1878-92 Do, 1893-1908 100 110 111 Tasmanian, 6 p c, 1895, Jan and July 100 108 110 Do, 6p c, red, 1893 to 1897 100 108 110 Victoria Govt, 6 p c, Jan and July, 1891 lOO 1121 1131 I Do, April and Oct 100 113 114 113/ 1 I Do, 5p c, Jan awl July lOO 101 102 101-1 LIVERPOOL COTTON MARKET.-(THIS DAY.) Sales probably 8,000 or 10,000 bales. The uiarke quiet. THE FRENCH FUNDS. According to Reuter's telegram from Paris, this afternoon, the French Rentes are 73f. 70c. ; firm. SPIRIT OF THE PUBLIC JOURNALS. Tho Saturday Review thinks it is unlucky that column &cation both by telegraphs and by cabs should be thrown into confusion at the some moment ; but the difficulties with which Mr. Scudamore has to contend are temporary, and are not of his own creation. If it was desirable to transfer the management of the telegraphic system to the Post Office, some inconvenience during the process of transition was obviously inevitable. The companies made a great many mistakes ; their clerks were often stupid in d ,- .. , cyphering and inaccurate in spelling, and when any miscarriage had occurred it was difficult to obtain redress or explanation. For some time to come it is probable that the new operators will be still more incompetent than their predecessors, especially as many postmasters and postmis tresses have reached or passed middle life ; yet there is no present reason to believe that the Post Office will inflict the wanton annoyance on all concerned, and the increase of charge, which will be caused by Mr. Bruce's ingeniously per verses regulations. Although allowances will be made for the difficulty of beginning an experiment, the increase in the charge for local messages will, as long as it lasts, constitute a serious grievance. The great majority of Londoners will grudge the payment of a shilling for some trivial domestic mes sage, which may, nevertheless, be highly convenient. Although uniformity is, as a rule, advantageous, it might perhaps be worth while to have a separate and lower rate for messages confined to the limits of the metropolitan delivery, or of similar districts in large towns. If a trader at a counting-house in the City is willing to pay four pence for the opportunity of telling his wife that he has asked a friend to dinner, the Post Office will be the richer for forwarding a message which probably might not be thought worth a shilling. The Act by which the telegraphs were transferred provides for more important messages a security which scarcely existed under the administration of the companies. All the operators are bound to secrecy, on penalty of misdemeanour if they interceptor publish any information confided to their care. It will, perhaps, not be possible absolutely to restrain the garrulity of post mistresses ; and correspondents will do well to wrap up their meaning in some safe form of expression when they have to do with the remoter districts. It seems that in one or two places Corporations hav o already quarrelled with the Post Office authorities on points of detail re lating to the course of the wires or the situation of the offices. It is highly probable that in some cases the rail way station may be a more convenient place of resort than the post office : but there may nevertheless be sufficient reason for adhering to a general rule. In all considerable towns the post-office, which is not only an office for transmitting letters, but a bank, an insurance office, and a telegraph office, will become more and more the centre of a public business, requiring in many places enlarged accommodation. The Spectator says that Parliament meets once more on Tuesday, and it is natural, even if it is rather foolish, to forecast a little the progress of its work. Ono has always to reckon with the unforeseen, more especially in politics, but apart from the unseen, the business of a session has rarely been more clearly mapped out. There is the debate on the Address, during which we shall hear a great deal of the terrible condition of Ireland—which is as it were sending out vapour, like lime when it is slaked far building—and something of the anti-Imperial tone of tho Ministry in their treatment of our colonial possessions, and a good deal, possibly even a great deal, of the wrongs of poor Mr. Madden; and then the Address will be accepted, and there will be a mo mentary lull until, on Thursday, the lith, it is said, the Premier lays his tenure bill before the country. The speech which introduces this measure ought to be, and probably will be, an event even in Mr. Gladstone's oratorical life, for he has warned the country beforehand that the difficulties of Irish tenure are the result of Irish history, and no topic is better calculated to arouse that passion of moral earnestness which is the Premier's motive force, while there must be just enough of finance in his plan to set his marvellous fancy in a glow, and make him fling light on' every detail, and brilliance on the one little impracticable suggestion without which he has seldom introduced a grand reform. There will be debate enough over the measure, but it has survived the criticism of a Cabinet on this point strangely com posite, a Cabinet in which the Duke of Argyll sits by Mr. Bright; the Liberal ranks will close up steadily is Its support; the real Opposition, the Conservative land ords, dread discussion about tenure a'most as much as they dislike innovation in tenure, and we should not be surprised to see the bill sent up to the Lords by Easter. The only question as yet perceptible which may assume grand proportions is that of the Game Laws, which are being attacked all over the country with a vigour and per sistency that indicates irritated feeling. Thefifty Chambers of Agriculture seem disposed to disagree with Scripture, and rise in insurrection against rabbits as if they were not in truth " feeble folk ;" and if their spirit is that of the farmers at large, some radical alteration must be thought out and fought out before county members again present themselves to their constituencies. A regular game-law fight, with borough members all awake and eaunty members at once angry and disconcerted, would Perhaps seriously interrupt the programme of the session, " but that is the only little cloud visible as yet. To all ap pearance, we shall have six months of hard, steady, fruc tifying, but comparatively silent work. By this time, remarks the John, Bull, Mr. Gladstone and his colleagues must have discovered that a Liberal Government may incur the displeasure of English work ing men. The soreness created by the reductions in our military expenditure should have been a reason for shewing the utmost consideration to the victims of economy. There are three stages in our relations with our dependencies. There is first that in which we think we may treat them as we will. This notion leads to resistance on their part, and then comes the second stage, that of sulky coldness, in which we tell the colonies to take their own course, and do what they please, only so long as they do not trouble us. Both those stages are unsatisfactory and full of danger. The first led to the loss of the present United States, and very nearly led to the loss of Australia and the Cape. The second stage is that through which we are now passing, and the end of which we have yet to see. That end may be the entire separation of all our colonies. Yet we think we see signs of a better conclusion than that; we think we see indications that we are entering upon the the third stage—the third stage of perfect justice, and, therefore, of complete confidence and union between the two parties. England is coming to understand that she has duties to her colonists as well as rights; that she owes something to the men who went forth into the wil derness to prepare a way for future emigrants, and that it would be the height of folly to throw away all the advantages which these enterprising men have secured. At first, we saw in these new possessions only depots for depositing our moral filth in ; and we shipped off our rogues and felons until nearly all Australia and the Cape were ready to throw off their allegiance. If we spent large sums of money in thus deporting felons, cught we to be so squeamish about spending much smaller sums in conveying emigrants ? If it be said that we resorted to transportation for our own advantage, and that those who profit by emigration ought to bear the cost, we say that we—the British nation—reap, at least, a portion of the profit. Every starving man who is taken to the colonies relieves our rates of his keep and renders exis tence and a livelihood easier for those who remain behind. The objection that we are sending away our bone and our sinew will have some force when we cease to hold inquests on starved Whitechapel paupers. When human beings are a drug in the market at home, and are worth any money in the Colonies, political economy, no less than philanthropy, should induce the Government to assist by every means in its power the re moval of its subjects from a country where they are perishing by famine, to lands which will yield them not only subsistence but abundance as the reward of that in dustry for which in England there is no room. The Conservative party seems to the Economist to stand greatly in need of a word of caution from its leaders. Actuated apparently by a feeling of despair, arising partly from its weakness in the Commons, and partly from asense that it is for the moment far less united than usual, it appears inclined to give ear to counsels of a very dangerous kind. It is trying in every direction to conciliate the working classes by concessions of economic principle — concessions which are most injurious in themselves, and which even if accepted for a moment will not help to make the working classes Conservative. Reciprocity, State-supported emigration, liberal poor relief, every one of the unsound ideas which for a moment attract workmen whose intelligence has been diminished by distress, is sure to receive more or less of Tory support. The leaders it is true stand aloof, or, like Lord Derby or Sir Stafford Northcote, even condemn such schemes; but many members of the party and some of its most powerful organs in the Press eagerly seize on every occasion to tell the workmen that Conservatives, after all are their real and only friends. The Tories will find, we suspect, that in their impatience they are risking an ancient influence much more mpolt int than any new prestige they are likely to obtain. It is not for us to advise Tories, but we confess we look upon the present disorganisation of the party in both Houses with something of alarm. Such a party so situated is apt to become desperate, and cease to represent what always in England needs representation—that solid body of Conser vatism which desires that change should be slow, should bo well considered, and should be as little revolutionary as possible. That kind of feeling always tends to spread with the diffusion of wealth and comfort and the inevi table reaction from rapid movement ; and if the mode rate Conservatives would only wait, protest where their principles were threatened, and support the moderate Liberals who are so near them, instead of purchasing Democrats who aro so far away, they must in no very long time again gather an army. They will gain by defec tions, by adhesions, and by the rising of new men, till, at the inevitable time when the country wearies for a change, they will find themselves strong enough to take power, with the privilege of carrying out their own views—not to take it with the obligation of carrying out views which artisans in their distress have been deluded into accepting, and whioh are directly hostile to their creed. Let them just imagine the noeition of a Tory Ministry compelled to propose a vote of millions for emigration—that is, to introduce a project taxing farmers to enable their labourers to go away to another country, and there be more comfortable. To hurry reaction, as some among them are now trying to do, is only if it suc ceeds to win the race without throwing away the weights, without which even victory will not secure the prize. LORD LYTTON .11V THE HOUSE OF LORDS. We remember, during our constant attendance at the great debate last session, how, on the first night, the whisper that ran through house and gallery of " Lytton," " Lytton," " Lytton." The debate had languished since the dinner hour. The Duke of Rutland is a mighty magnate, but not a great orator ; Lord Stratford de Redcliffe a migh:y statesman and diplomatist, but not a great orator ; Lord Romily possibly a mighty lawyer, though they say not, and certainly not a great orator : they had all spoken, but not eloquently, when a somewhat round-faced, happy-looking Irish bishop, Dr. Alex ander, of Derry—who, by the way, has written scme very good poetry—with Irish dash and spirit threw an immense amount of vitality into the dis cussion. When the cry of " Lytton" was heard, we thought that " the savage soul of fight was up"— that the debate was beginning to assume the grand historical character which would surely attach to it. But when Lord Lytton rose Lail Grey arose at the same time. Every one wanted to hear Lord Lytton. They knew that though rare and somewhat ineffec tual as a debater, the grand oration, elaborate and polished, was peculiarly his forte, and there was every prospect of a rich, intellectual treat. But then Earl Grey rose. At that moment he was perhaps the most unpopular man in England. But Earl Grey stood like a rock. Nothing but a surgical operation could ever, at any time, get into his head the notion that, under any circumstances, he ought to give way. For the moment the two great men were antagonistically confronted. Suddenly he gaye way, with the astonishment of men who hear thunder out of a clear sky, or, rather, who see a clear sky in spite of thunder. Most probably a hurried intimation was given to him that all Lord Lytton meant to do was to make a motion of ad journment. Oh, why did not Lord Lytton speak that time ?—the minds of the audience were wound up to that point of heat when winged words are met with swift emotions. The adjournment was made, and long before five next day we were in the crowded lobby—crowded with men on the qui vire to hear Lord Lytton, while richly-apparelled ladies, with proud and delicate gait, were being escorted to the galleries to hear their favourite novelist. But that ruthless Lord Grey resumed the debate. Pro bably not a being in that crowded chamber wished to hear him speak ; but he spoke in spite of them all ; and for a time, at least, secured the attention of the finest auditory in the world. After a time he flagged; after a little longer time he became hardly audible. For a man of his mark he makes an extraordinarily poor impression on his peers. Like Cassandra, he is disbelieved ; like Ahithophel, he is disregarded. The old rule, that the mover of the adjournment resumes the debate, was set aside. erhaps Lord Lytton gave way to Lord Grey's older standing as a statesman. There had been a whisper that he had been intending to speak against the Conservative side, and perhaps he had beet persuaded to forego the intention. At all events Lord Lyttoa has not yet spoken in the House of Lords. lie translates Horace, and he writes his rhyming political comedy ; but that great influence, in the front among those accumu lated instances which of late years have added so greatly to the weight of the House of Lords, has not yet been felt there. We all admire Lord Lytton, but perhaps our appreciation of a nature as many sided as Gothe's itself, is not yet what it should be or what it actually is on the Continent. In com parison, Lord Lytton is to most Englishmen what most Englishmen arc to barbarians. In future times it will be remembered that he has also had a large share in practical legislation, and has inaugu rated the national existence of British Columbia and Queensland. He is happy in a son who re markably exemplifies Mr. Galton's theory of " Here ditary Genius," which may be applied with striking results to our h 2reditary . chambers.—London Society. RAILWAY AND 07'11E1L COMPANIES. ATLANTIC TELEGRAPH. The annual meeting of this company was held yesterday, at the London Tavern—Mr. L. M. Rate in the chair. The report stated that by the last accounts it ap peared that the receipts were just sufficient to pay 8 per cent. shareholders their dividend, no appre ciable surplus remaining for the original shares. The completion of the French c ►ble had not then come into operation. On the loth of August, 1869, the French company commenced working, and at a tariff which involved the reduction of the rates previously established by the Atlantic companies. Between that period and the present three things had become evident to the directors of the coin pang—firstly, that the rapid extension of business expected to result from a low tariff had a much narrower limit than had been generally supposed ; secondly, that the practical results of the operation of the French company would be, for a period, the end of which could not be foreseen, to extinguish the dividend of the Atlantic Company ; thirdly, that the prospect actually in view was a ruinous competition between the French and Atlantic coin- panics. A proposition for a joint purse having arisen between the Anglo-American and French companies, the directors decided that, in the inte rests of all concerned, an arrangement with the French company was desirable. After long nego tiation, the Board of the Anglo-American Company consented that the Atlantic Company should be admitted to a share of the receipts in the following manner : firstly, the capital of the two companies was to be amalgamated, the Anglo-American Com pany receiving £1,200,000 and the Atlantic Com pany £375,000 of a new stock, to be created and applied to the extinction of the existing shares and stocks of both companies. The existing debentures of the Atlantic Company, not exceeding £lOO,OOO, were to form a first charge upon the undertaking ; secondly, each £lOO of preference stock in the At lantic Company was to receive £43 of the new stock, and each £lOO of original capital to receive £l6 of the same stock. The CHAIRMAN explained that the accounts would not be made up till the 30th of April next, and therefore it would be necessary to adjourn the ordi nary meeting to the 2d of June next, which was agreed to unanimously. The meeting was then made special to consider the agreements with the Anglo-American and other companies. The CHAIRMAN explained that the directors had obtained the best terms they could from the Anglo- American Company, and were unanimous iu re commending the adoption of the agreement. In the month of May last the tariff was £3 7s. 6d. per message, and the receipts averaged £689 per day. On the Ist of June the tariff was reduced to £2, and the average receipts to the 15th of August were £499 per day. From the 15th of August, when the French Cable came into operation, with a 30s. tariff, the receipts to the end of December averaged £415 per day, and in the past month £390 a day. The difference between £390 and £689 showed the reduced state of their property. The receipts of the French company averaged £260 a day. This showed that the French company ab sorbed so much of their revenue, and extinguished all hopes of dividend for the future. The average receipts in the present month were £316 per day, one•third of which would go to the Newfoundland Company. A long discussion ensued, in the course of which resolutions were passed approving and adopting the memorandum of agreement made between the At lantic Telegraph Company, the Anglo-American Telegraph Company, the New York, Newfound land, and London Telegraph Company, of the one part, and the Socie'te du Cable Transatlantique Francais on the other part; and also the agree ment between the Anglo-American Telegraph Com pany and the Atlantic Telegraph Company, vary ing the articles of contract between the two com paniezl, dated the 29th of May, 1868, authorizing the directors to introduce a bill into Parliament to sanction the conversion of the stocks of the Atlantic Company into stocks of the Anglo-American Com pany at the rates agreed upon, and for the transfer of the property of the former to the latter company, and authorizing the directors to carry into effect the foregoing resolutions. The proceedings concluded with thanks to the ' chairinan and directors. THE VOLLNTEErt REVIEW. The Easter Monday Volunteer Review will this year take place at Brighton. MILITARY EDUC ATION. There is not the slightest foundation for the statement that Major General Lefroy is about to became Director-General of Military Education, aid that Major-General Balfour is to become Director-General of Ordnance. TIIE OXFORD AND C.kMBRIDGE BOAT RACE. At a meeting of the Cambridge University Boat Club, held yesterday (Friday), it was unani mously resolved to send the challenge to Oxford as usual. Mr. M'Michael was elected a member of the small committee, vice Mellor, gone down. Atchison, of Christ's, 'rowed yesterday instead of Gw a tkin. SCIENTIFIC INbTRUCTION. The following sppeared in our Latest Edition of yesterday evening:— A. deputation, consisting of members of the Council of the British Association for the Advance ment of Science, waited on the Lord President of the Council and the Right Hou. W. E. Forster, M.P., to urge upon them the appointmentof a Royal Commission to inquire into the relations of the State to scientific instruction and investigation, and to represent to them the conviction of the Council that no such inquiry will be complete which does not include the action of the State in relation to scientific education, and the effects of that action upon independent educational institutions. After hearing the members of the deputation, Earl De Grey said the appointment of a commis sion was, a matter upon which he could not give an answer himself, for he must, of course, consult his colleagues. He was sure they would give the matter the most careful consideration to any re presentation from so influential a body as that now before him. GAS EXPLOSION. A terrible explosion of gas occurred at Knowles Colliery, Charlestown, Salford, at 10 o'clock this morning. Sixteen men were seriously injured, but none killed. The injured men were taken to Sal ford Dispensary. LONDON GAZETTE—Last Even ng, WAR OFFICE, FEB. 4. lionouralle Artillery Company—Cornet George Salt3r :o be Lieutenant, vice Cox, who resigns ; Sergeant James Henry Rowley to be Cornet, viea Salter. The commis sions held by the following officers are renewed for a period of live years : —Captair. Moss Defries, from 10th January, 1870, and Lieutenant Henry Jarvis Alfred, from the 10th January, 1870. ADMIRALTY, JAN. 31. Lieutenant William Frederick Bunt Edw•ardes has been this day promoted to the rank of Retired Coalman ler in (Ter Majesty's Fleet, under the Orders in Council of 1860, 1864, and 1866. (Promoted for services as a Naval Ageut in charge of Mails.) FAB. 3. To be Honorary Physician to her Majesty : —Dr. Alex- Armstrong, Director-General of the Medical Department of the Navy, vice De. Bryson, deceased. To be Honorary Surgeons to her Majesty :—Dr. George Mackay, Deputy Inspector-General of II ospitals and Fleets, vice Armstrong ; Dr. Robert Bernard, Deputy !Inspector- General of llo,pitals and Fleets, vice Dr. Folds, deceased ; Dr. James John Louis Dounot, Deputy Inspector-General of Hospitals and Fleets, vice Dr. Stewart, deceased. SPORTING IN'IELLIGENUE-IHI3 DAY CUT BETTING.—This DAY. WATERLOO (COURSING') CUP. 5 to 1 agst Lout Lurgau'e nomination (offered) 14 to 1 agst Mr Brocklobank's nom. (taken) 20 to 1 agst Mr Bland's nomination (taken) 25 to 1 agst Mr Bt:den's nomination (taken) 30 to 1 agst Mr Roddson's nomination (taken) 33 to 1 agst Mr Deighton's nomination (1, anted) 40 to 1 agat Mr BlackstoA's nomination (taken) 50 to 1 agst Mr Copeland s nom. (taken) LINCOLNSHIRE HANDICAP. Bto 1 agst Van Amburgh (offered —take 10 to 1) 10 to 1 agst Queen of Hearts (taken freely) 100 to 6 ngst Robes', i qre (offered) 100 to 6 agst Simplon (offered) 25 to 1 agst "Incas (taken) 25 to 1 agst Benbow (taken and offered) 100 to 3 agat Bradgate (offered) 10 to 1 agst W. Day's lot (wanted) CITY AND SUBURBAN. 100 to 6 agst Sabiuus (offered) 1000 to 40 agst Walter (offered) 1000 to 30 bar two (offered) CHESTER CUP. 25 to 1 agst Glenfalloch (offerod) 1000 to 30 agst Morna (taken) 500 to 15 agst Socrates (taken) 1000 to 25 aget Cherie (taken) 40 to 1 agst Blandford (taken) 40 to 1 agst St. Muugo (taken) 40 to 1 agst Macgregor (taken) LIVERPOOL GRAND NATIONAL. 100 to 8 aget Colonel (taken) 100 to 8 agst Thallasius (taken and offered) 100 to 6 agst Tathwell (taken and offered) 20 to 1 aget Lymington (taken) 1000 to 30 agst Despatch (offered) 40 to 1 agst Cristal (taken) 40 to 1 agst Nuage (offered) 45 to 1 agst Guy of Warwick (offered) 1000 to 20 agst Brick (taken) 500 to 10 agst Lord Raglan (taken) 500 to 1 agst Little Rogue (offered) 500 to 5 agst Lamb (taken) sto 1 agst Doctor 1,2, 3 (taken) TWO TUOUSAND GUINEAS. sto 1 agst Sunshine (offered) 800 to 60 agst Singcraft (taken) 13 to 2 agst Astolfo (offered) 200 to 14 agst Sunlight (taken) 18 to 1 agst Normanby (taken) 40 to 1 agst Macgregor (taken) DERBY. 18 to 1 agst Astolfo (taken) 1000 to 50 agst Sunlight (offered) 2000 to 35 agst Palmerston (taken) RACING FIXTURES-1870. FEBRUARY. ...26, 26 Lincoln l5, 16 I Derby . Harrow 17, 18 I Nswton .... MARCH. Nottingham... 1, 2 1 West Somerset lB, 17 Liverpool B, 9, 10 I Warwick 22 , 28, 24 Pontefract 14, 15 I Epsom 29, 30 Cambridgeshire l4, 15 I Bromley 31 and April 1 APRIL. Northampton 5, 6 Newmarket Craven 18 to 22 I West Drayton 7, 8 Abergavenny 21, 22 Thirsk 7, 8 i Lewes . 26, 27 Kingsbury lB, 13 I Croydon. 28, 22 Durham lB, 19 I _.... MAY. Newmarket Ist 5p....2 to 5 I Harpenden 2O, 21 Chester. lO, to 13 I Bath 24, 25 Winchester lO, 11 I Stamford 26, 27 Salisbury l2, 13 ; Croydon 2O, 29 York 17, 18 ' Epsom 31 to June 3 Doncaster 19,20 I J 1 Croydon 8 , 9 Manchester 8,9, 10 Ascot 14 to 17 Windsor 2l, 22 'NE. Newton Hampton 23, 24 Bibury Club 21 Stockbridge...3o, and Jt , lv 1 - • JULY. Newmarket 5 to 8 I West Drayton 14, 15 Nottingham 12, 13 I Huntingdon...., 10, 20 Chelmsford l2, 13 1 Kingsbury 2l, 22 Reading 12 , 13 I Goodwood 26, 29 AUGUST. Brig I h ton 2, 3 Stockte• l7 to 19 Brighton Club 4 Oxford 18, 19 Lewes „ , , ,5, 6 i York 2,5 to 25 Egham 9, 10 Plymouth Windsor ...............U , 12 I Derby ..................... 30 ' 31 Bromley ................16, 17 I Weymouth , 31 SEPTEMBER. Warwick .................. G, 7 I Richmond 20, 21. Abingdon ............... ....8, 9 I Western Meet (Ayr) 21 to 29 Doncaster 13 to 16 I Hendon 22, 23 Hampton 9 0, 21 1 Newmarket Ist Oct. 27 to 30 OCTOBER. Bedford 4, 5 1 N owmarket '2n 0et..10 to 141 Leicester 13romley 'J, 7 I Newmarket 1i0t'u...21 to 29 t; OVEN.] BEM Liverpool 8 to 11 I Shrewsbury 14 to 18 STEEPLECHASE FIXTURES-1870. F E BRU A R Y. Birmingham '3, 9 1 H 26 Harrow Derby 10, 11 1 Newton l5, MAIZCIL Li Irerpool 8,9, 10 9,-e.illey 31 and A p West I r il 1 Somerset 16, 17 Cliiiteunani...3l and Aprtl 1 Warwick 22 to 24 1 APRIL. Aldershot 7, S I Kingg i )ury ............... 18,1, 'I he Royal Message for the opening of LordsPlic ment will be submitted to her Ma j esty to-day by the of the Privy Couucil, who have gone to Osborne for that purpose. I