The Sun. — London, England, 1870-02-25 00:00:00

~:e4 :Q-:a.r..~ ivIONEI MARKET AND COMMERCIAL INTELLIGENCE. CITY, Two o'CLocK The business of settlement engages most of the attention of the brokers to-day ; and although transactions are by no means numerous, prices are firm. In the Foreign market there has been less fluctuation, but in the Railway market Metropoli tans are to a great extent prejudiced by the late decisions of the Vice-Chancellor, but notwithstand ing they now show an improvement on the opening price. Consols are now at 921 to 921 for money; ditto, for Account, ; Three per Cent. Re duced, 92/ 3 21 ; New T':.ree per Cents, 921 3 21 ; Exchequer Bills £l,OOO, March, prem. ; June, prem.; ditto 1100,1200, and £5OO, March, 2 dis.; June, 2 dis. ; Bank of England Stock, 41 per Cent., 2 (01. India Stock, 101 per Cent., April, 1874, 209 71 ; ditto 5 per Cent., July, 1880, 1111 1 ; ditto 4 per Cent., Oct., 1888, 1001 ; ditto Enfaced Paper, 5 per Cent., 1877, 1041 ; ditto Bonds £l,OOO, 20 2 5 prem. ; Metropolitan Board of Works, 931. In.the Foreign Market Egyptian (1868) Bonds are 781 to 781; the Five per Cents., 1861, 551 to Mexican, . 131 to 14 ; Peruvian, 801 to 801 ; Spanish, 261 to 27 ; Turkish Five per Cents., 44/ to 451; ditto Sixes, 681 to 68} ; Orel Vitepsk, 8 51 to 86 ; Nicolas, 681 to 681 ; Moscow Jaroslaw, 83. to 831. In the Railway Market, Caledonian are at 77 to 77 } ; Great Eastern, 381 to 381 ; Great Northern, 117 to 118; ditto (A), 1181 to 1181; Great Western, 6 21 to 631; Lancashire and Yorkshire, 1281 to 1281; London and Brighton, 42 to 43 ex div. ; London, Chatham, and Dover, 141 to 15 ; London and North Western, 1241 to 1241 ; London and South Western, 931 to 931 ; Midland, 1231 to 124 ; North Eastern (Berwick), 128 to 1281; South Eastern .76} to 77 ; Manchestey, Sheffield, and Lincolnshire, 491 to 701 and. Metropolitan, 781 to 781. American Five-Twenties are 90 to 901 ; ditto Ten-Forties, 851 to 851 ; Erie, 22 to 221 ; Illinois, 1111 to 1121 ; Atlantic and Great Western Bonds, 281 to 29}; and Debentures, 311 to 321. Anglo-American Telegraph Shares are 161 to 17 ; Anglo-Mediterranean, 191 to 191 ; British Indian Submarine, 151 to 151 ; Falmouth, 11 to 11 prem.; French Cable, 151 to 151 ; Construction and Main tenance, 421 to 431 ; and India Rubbe r , 60 t o 61. _ _ Lombardo-Venetian, 191 to 20 ; and Great Luxembourg, 13j to 14. In the Bank Shares Agra are 11f to 12 ; City Bank, 121 to ilk ; Imperial Ottoman, 3 1-16 to 3 3-16 prem. ; London and County, 48 to 49; London and Westminster, 61 to 61f ; and Union of London, 37 to 37k. In Miscellaneous Shares Credit Foncier, are 21 to 3 ; General Credit, 5-16 to 3-16 dis. ; International Financial, 2 to 14 dis. dis. ; Berlin Waterworks, 151 to 15,1 ; Hudson's Bay Company, 121 .to 121; India Rubber Works, 60f to 61f ex div. ; London General Omnibus Company, 24 to 2i; National Discount, 11 to 111; Peninsular and Oriental Steam, 45} to 46f . ; and Royal Mail Steam, 55 i to 56k. At Mark-lane to-day there was only a moderate attendance, and rates were generally unchanged. English wheat in scanty supply, and a slow sale at about previous rates. Foreign wheat dull of sale, but not pressed on losing terms. Flour remains ~,n om inally on Monday. Barley quiet, at late rates. Beans and peas steady in value, with a moderate demand. At a meeting held at the Westminster Palace h otel, the Associated Chambers of Commerce of the United Kingdom, after a discussion, in which the representatives of the Leeds, Birmingham, Had- dersfield, Dewsbury, and other Chambers took. Part, unanimously voted the following resolution Ou Captain Sprye's project for opening up trade with the West of China and intermediate Shan States of Burmah by the direct land route from Rangoon toKiang-Hung:-- ,, That this asssociation, being anxious that no opportunity should be lost of facilitating the extension of British commerce, and believing that the vast provinces of Western and Central China present an important field for commercial enterpri-e, memorialize the Secretary of State for India in favour of completion of the survey of the route from Rangoon to Kiang Hung, on the Upper Cambogia River, proposed by Capt. SPrye, that route being, in the opinion of this asso ciation, the most direct and practicable, and the least likely to lead to political complications of the many which have been suggested." The Dover Telegraph reports the suspension of Mr. Edward Edwin, solicitor and notary public, with liabilities ranging from £20,000 to £30,000. At a meeting of the creditors of Messrs. Dickson Brothers and Co., of Melbourne, the liabilities were Stated at £120,000, and the assets at about the 'Same amount. An offer of a composition of 15s. in the pound was accepted. On the application of Messrs. Lovelock and Irwin, the official liquidators, Vice-Chancellor Sir YV. M. James has made a call of £4 per share on the contributories of the British Columbia and Van couver Island Spar,Lumber, and Saw Mill Company (Limited) . The half yearly meeting of the Ottoman Railway C ompany is called for the 31st of March. The Stock Exchange Committee have appointed Thursday, the 3d March, a special settling day in the scrip partly and fully paid of the Five per Cent. 4 an of the imperial Government of Russia; and H omy, the 28th inst., a special settling day in the shares of the Great Northern Telegraph China and Japan Extension Company. Both are to be marked io the official list. The report of the directors of the Commercial Union Assurance Company has just been issued. The balance at the credit of profit and loss amounts to i£61,296, which it is p ro po se d to apportion as follow s , viz.:—To payment of dividend at 10 per cent., free of income tax, £25,000 ; to reserve fund, £30,000; to balance carried forward to 1870, £9,296 ss. sd. At a meeting of the Anglo-American Telegraph Company, the resolution recently passed for the increase of the capital of the company to £ 1 , 6 75,000, and the distribution of that sum in the following manner, viz., £600,000 to the present holders, £37,500 shares or £375,000 to the Atlantic Company, and the residue £lOO,OOO, to debentures, was confirmed. The chairman stated that the re ceipts for the month of January averaged £394 per day, and for February, £547. The receipts of the French Company were £287 per day. Adding the Newfoundland's Company's proportion, the average per day for February was £B2O, or the combined earnings of the various companies for February amounted to £1,107 per d ay. T he Anglo- American Company's proportion of this rate of receipts added to the subsidy of £25,000 per annum will, it is understood, be sufficient to paythe Anglo-American shareholders about 10 per cent. on the increased capital. The half-yearly meeting of the Star and Garter Hotel Company (Limited) has been held. O w i ng to the books of the company having been destroyed 1 0 the recent fire, no accounts whatever were sub witted to the shareholders, at which considerable d issatisfaction was manifested, and a motion for a C ommittee of five shareholders, to confer with the directors on the present position of the company's was made, but it was ultimately negatived by a narrow majority, after a long discussion, in ec 'esequence of the directors agreeing to adjourn the Mee ting till Th urs d a y, th e 10th of March. By t hat time th ey h ope to come to some definite arrangement with the insurance companies for the ta ttlerne n t o f the company ' s claims on account o f t he Lite conflagration. ` fit th e meeting of the Indo-European Tele gr 1 14 , Ph Company (Limited), the directors' retort as adopted. 4.h e 3 Aiesars . lanchester C our i er re p or t s th e f a il u re of er P auw, Schneider, and Co., commission Chants,b eeted of that city. They a re p r i n cipally con with the Chi na t ra d e, an d t h e stoppage i s attributed to the recent suspension of a house in the same business. The firm enjoyed. fair credit, but it was established only three years ago; and the liabilities, it is said, will not be large. A prospectus has been issued of the Bitten Caelan Company (Limited), with a capital of £20,000, to purchase some lead and copper mines near Abe rystwitb. On the tenders for the 3,013 unissued shares of the Indiarubber, Guttapercha, and Telegraph Works Company being opened, notwithstanding the protests of shareholders against the methol adopted, it was found that only 938 were applied for, and that of these but 191 were taken at and above the minimum price, which was stated to be 57i. The return from the Bank of England for the week ended the 221 of Feb. gives the following results when compared with the previous week :=7,_ _ Rest doposits Other deposits 17,293,689 ... Itierease ... 732,700 On the other side of the account :. Goverument securi- tin £13,831,311 Decrease 500,000 Other securiti,es 18,003,217 ... Increase 72,1,021 Notes unemployed... 11,643,465 ... Increase ... 369,180 The amount of notes in circulation is £22,283,485, being a decrease of £257,280 ; and the stock of bullion in both departments is £19,880,99G, showing an increase of £124,60 when compared with the preceding return. Subjoined is a comparison of the present position of the Bank of England and the prices of Consols and French Rentes with the corresponding week of last year : Same Week last Year. Bullion Reserve Notes in circulation 22,283,485 ... 22,795,280 Rate of discount Consols French Rentes The following is the official return of the cheques and bills cleared in the Bankers' Clearing-house for the week ending Wednesday, Feb. 23 : Thursday £9,556,000 Friday At Present. Saturday... Mouday 8,946,000 Taeiday Weaueiday 9;879;000 £60,718,000 BRITISH FUNDS-.TWO O'CLOCK. GOVERNMENT rUNDS. 3 par Cent:.Consols Ditto for Account -- 3 per Cent. Re laced 921 3 f New 3 per Cent New- 2} per Cent. Jan. 1894 Do. 5 per Con Jan. 1873 innuities, 80 yrs, expire sth Jun., 1880 — Do. for 30 yrs, expire sth April 1885 — Do (Red Sea Televaph), Aug., 1908 — 'xchequzr Rills, £l,OOO, 2} p. Ct. March Pli Da. 2f do. June 2 d ID‘) £lOO, £2OO &.£5OO -- Bank of England Stock, 4i per Cent Da. opening. C tnada 4 per Ceut. Bondp — later-Colonial Omnium INDIAN 113VERNMENT SECURITIES IncilA Stock, 10} per Cent., April 1874 2o9_7} Do. Opening, for Account D 3. 3 per Cent. July, 1880 . 1111 i Do 4 per Cent. Oct. 1888 Do. Enfaced Pape. 4 per Cant.... — Do. 5 por Cent., Jan. 1872 ..... ... — Do. 5} per Cent. May 1879 Do 5 per Cent., Rup. Dth. 1872.. Do - do 18 - a„, O — Do. do. 1882 — DJ. Deb., 5 per Cent. Aug. 1873 Do. Bonds, 4 per Cent., £l,000 Do. under £l.OOO — PLI FOREIGN FUNDS—TWO O'CLOCK. irgentine Republic, 6 per Cent iio Account — Alvtrian Bonds 5 per cent — 1859 . - Brazilian 5 per Cent — Do. 4} per Cent. 1852 — Do. do 1858....• — Do. (to 1860 — DO. do., 1863 Do. 5 per Cent., 1865 ... Ik, Account — BuenosAyres 6 per Cent. Do 2 per Oant.(Deferrod 3 per Cent 5ll Oubs., 6 per Cent. -.: 0 idian 6 per Cent — "o. 4} per Cent...,.. — Do. 3 per Cont., — Do. 7 per Cent., 1866 Do. 6 per ce-.lt. 1867 9B 1 lombian, 6 per Cent.. Danisn, 3 per Cent., 1825 — Dannbian Principaities, 7 I,er Cent 9Ol Do Account Do 8 per Cent., 1867 — ''cus , l3r Now Consolidated, 1 p.,r Cent 91i Oa vrtian, 7 per Cent... Do Sewed Issue — . . Do. .€sul, Bonds B3 Do. 1864 Do. Account Do. £5OO Bonds Do. £IU Bon is Do. 7 per Cent., 1868 .... Do. AZicount Do. £lOO Bonds Government Railway D'etentures oB} i Green 5 per Cent., 1824 5, ex Coups — Do. Coupons Guatemala 6 per Cent .. — Honduras Gov Bail. Loan., 10 p. Ct., all pd 80 Do. Account Bl ltalian 5 per Cent., 1865 — Do. Account - Do lgaremmana Railway -- Mexican. 3 per Cent — Ditto for Account Do. 1864 — Do 6 per Cont. Anglo-French gontevidean 6 per Cent. •,. — lifourish Imperial 5 per Cent blew Granada 221. I Do 3 per Oen — Do. Deferred — Do Laud Warrants (Hectares) Peruvian 5 per Cent. 1865 Do Account .. 81 Do 4} per Cent. (IJl:liarren) Do 4} per Cent.. 1862 . — Portuguese 3 per Ct., 1853, 7 6, 7, 9,'60,'2.'b Do. do. 1867. — Do. do. Scrip, .£2O paid — B issian 5 t ,ar Cent., 1822, X St Do 44 per Cent, 1850 Do 4} per Cent. , 1860 ... Do 3 - Per Cent.; 1809 _ Do 5 per Cent., 1862 Do. Anglo-Dutch, 1864, £lOO Bonds. Do. do. £B4 15s. do — Do.. 1866, £lOO Bonds 9ll Do. do £B4 15s. do — Do Nicolas Railway 6Bl 1 Sardinian 5 per Cent Spanish 3 per Cen . — Do. Account Do. 1867 Do. Account Do. New Deferred 261 Do. Passive — Do. Corn. Cert. of Coup. not funded Do. Account — Swedish Provincial Mortgage Loan —r Do Government, 1864 — Do do, 1868 Turkish 6 por Cent ..... . B4 31 Do Account Do 6 per Cent. 1858 6Bi Do Account Do flOO Bonds ••• Do 6 per Cent., 1862 Do. Account " — Do £lOO Bonds 7Ol Do. 5 per cent. 1865 — Do Account Do 6 per Cent., 1860 6B/ Do. Account Do 1 per Cent., Guaranteed — Do do, Scrip — Venezuela 3 per Cont. — Do 6 per Cent. 1864 — Do 6 per Cent.,1862 Dividends on the above payable in London Austrian 0 per Cent Ex 10 Florins Belgian, 4} per cent., Ex. 25f. Dutch per Cent. Ex. 12 Gull — Do. 4 per Cent. Certificates .... ..... B7l French Rentes, 3 per Cent., Ex. 25f. — I talian 5 per Cent. 1851, E. Zsf Do Account — TWO O'CLOCK. Jonsols, Money Do. Account, March 9 .. 921 1 ad The Simoom, 4, iron troopship, Captain T. B. Lethbridge, has since her arrival at Woolwich, on Tuesday night last, disembarked a large quantity of ancient relics, brought from Palestine. They include a❑ immense stone, originally, it is said, used to close the entrance to a sarcophagus, with various devices carved thereon, which has been forwarded to the Crystal Palace at Sydenham ; also about 10 tons of different kinds of ancient works of art, &c., brought from Smyrna, which have been conveyed by road to the .British Museum. The Simoom is now engaged in taking in stores, consist ing of blankets, bedding, &c., which are being brought from Deptford i❑ Government lighters for embarkation. She will also embark a large quan tity of iron at the Royal Arsenal previous to leav ing Woolwich on lues,day next for Portsmouth. Major-General Sir David Wood, K.C.8., Com mandant of Woolwich Garrison, paid a visit to the Simoola on Wednesday last. THE IN icia.ow PEERAGE CLAIL—The hearing of this claim of the Earl of Wicklow to vote for representa tive peers for Ireland, and which occupied the attention o f the House of Lords for ten d a y s durin g th e last session of Parliament, was resumedthis morning, and is not y e t concluded. THE SUN, LONDON, FRIDAY EVENING, FEBRUARY 25, 1870. srldßre; LIST. 33,131-lAI Y SUAt:..Eti AN!) STOChf. JOINT-STOCK BANKS. Closing Rasine9s Share NAME. Paid. - Price done 10 Agra Limited, A all 111 121 111 .4') D., .B lO 41 5 50 Albion 00 Alliance, Limited 20. Anglo Austrian 20 Anglo-Egyptian. lim all 24 25 241 20 Anglo-Hungftrivi .... 20 Anglo-Italian 1833, hal . ited 10 3 10 'Australasian 20 Bank of British Columbia all 15 !6 20 Do issued at 2 pm._ , 5 31 21 25 Bank of Egypt 20 Bank of Otago, lim lO 3; 21 25 Bank of South Australa all 3.1 301 50 Bank of Victoria, Austral la. 25 37 39 19 Banc of New 'Zealand all 15 10 50 British North American 20 Chartered of India, Austra lia, .nd China all 181 19 25 Chartered More. of India London and China 20 City lo 11 llf 100 Colonial 10 Consolidated, Hai. 50 Delhi and London, !!!!! 50 East Loudon, Lim 20- English and Aux!!-ican, lila 10 • • ••• 20 English Bank of 11io &Ja neiro. hin 20 English, SeOttish, and Ans .... .... tralian Chartered , all 171 181 281 Hong Kong and Shanghai 'Bank Corporation all 37 : 9 281 Do new ll} 41 51 100 Imperial, lim 2u 3 2 20 Imperial Ottomaa lO 21 3 13; 1 r 5 lonian all 2) 22 25 Do new 5 d 3 Lnd Mortgage of India, lhn 4 3; 31 100 Do 5 p.c. Delis.lB64, 30 all 76 76 80 100 London Bauk of Mexico and South America, lim. 20 5 4 100 London and Brazilian, lira. 45 35 7.'0 20 Do new 71 A 41 100 London & River Plate, lhn. 40 11 13 25 Do new 10 11 2 p 121 20 London Chart. of Australia all 231 241 20 London and County 2O 4411 501 481 50 Do new. ias at 20 p.m, 16 pd ll ••• •.• London Joint Stock 3ll 341 33 Loudon and South African al 100 London &S.-Western, lim, 20 13 11 50 London &Venezuela, lim.„ 121 ... 100 London and Westminster 20 6 ) 61 100 Do Sedp, iss at 10 pm 20 ••• ••• 100 Merchant, lim 25 61 51 10 Metropolitan, lim all 71 7: 00 Midland, lim 2O td 1 5 National of AuStralta 25 National of Liverpool lim l5 3d ip 00 National Proviue. of .11n ; -'d 42 ... ..• 10 Do . 42 ... 50 National. 3O ... 20 Now South Wales all 41 43 20 North-Western 7l 25 Oriental Bank Corporation all 43 41 50 Provine. Bank. Corpo., lim lO 61 51 30 Provincial of Ireland 25 85 87 10 Do new, all ... 100 Stand. of Brit. S. Africa, Hui 25 11 100 DO issued at 6pm lO 8 2:5 Union of Australia all 46 13 100 Union of Ireland, lim 50 Union of Loudon l5 351 36a 571 POLICE IN-7 ELLIG EN CE—This Day. MARLBORO0(111-STREET. THE SSIOKE NUISANCE. —A LLEGED LIBEL ON A GOVE lINMENT INSPECTOR.-Mr. John Cu!lern, baker, of No.. 5, Shepherd's-market, lla, fair, was sum moned befon Mr. Knox by Superintendent Dun lop, of the C division, •for using a furnac.) not constructed s) as to consum3 its own smoke. Mr. Clarke appeared for the dilendltit. 11r. Win. SAndison, theGovernunnt . inspector, said that in Norcinba- last the defendant was c iutioned, and in December ho found that the furnace .had not been altered so as •to consume its his own smoke. Mr. Clarke slid that five weeks had elapsed since the summons was 'taken out, and that the necessary alteration 3 had been s time effected. Mr. Fred. Smith, oven builder, sail that he had done all that was required. Mr. Sandison said that as Le had been made the subject of a long and severe attack in a paper called the Bakers' Record, most offensive expre,,sious being made use of in it, he wished to be allowed to ask Mr. Cullern whether be had anything to complain of in his conduct while inspecting his premises? Mr. Cullern said be had no complaint to make respecting Mr. Sandisou's conduct, which was gen tlemanly and proper towards him. He had had nothing to do with the article in question, and had never said that Mr. Sandison bad - been guilty of brutal conduct. Mr. Sandison handed the paper containing the article he complained of to Mr. Knox, and said that it was a matter for consideration whether an action for libel should not be brought against the paper. Mr. Cullern was ordered to pay is. floe and 235. costs. HAliways. Ciasing .13usAnte e rno . cl,.ue. at E:ist ICicetn ...... 103 78 80 st CaietiolliaZl az. (1 ..nort9u Coro 4 , Ali . all 21 31 .t Duh:in do Meltaet.l one... 100' at Dan„l'erth. cue... 100 70 72 2 , East Loudon all 4 6 40 ito 15 Do 10 at Glae;;ow &3. Western lOO 107 109 st tireat &astern ..• ..... .. tOJ 37 1 374 33) at 1)o. 16.' Art4l. N 0.2 lOO 64 4 74 at LirzatNorthOt6coi.law4 lOO lb 1 , 1 at Great Northern lOO 1174 1 18 1174 at Do. A stock at Do. 13 atoct lOO 127 129 at GAS, and IV-. of 100 100 99 st Gt. ‘Ve.tern 100 en - 4 4 .!t 1)o. South Wales leo et 60 67 at Do. W. .111:1.—Oxtord lOO 90 42 at Ito. Newport lOO 34 56 st I.alleashire& Yoraeltir. , lOO 124 12t1 et Loa., Ilritfti., of S.Coast IGO 44 444 424 II —Du Scrip st Lou., Chat., and Daver lO3 15 154 14f 4 Do. Metrop. A - ICO 11 13 at .Lon. .t North Western....loo 1231 i 244 1241 I at Lon. South Western ICO 93 . 94 93.4 Man., Sliel., .t Liuculu 100 611 62 49; 4t Al, , trepolitan at Do Extousiou 5 Do. New rd all - - st Mt r.poittan District. ail 35 SG 3:5 10 Metrop. Bt. John's Wod 10 - - at Mw laud - 121 31 st be, Llirtuin...t Deri.u lOO iti) 11 st Nt)elli British at l'th. Dup lOO - - st Nor Naitern -11erwicr lOO 127 128 12SI I 25 D_ G. NJ: puralituae. - 16.11.1 - st 1) Leeds ....... ... _ . st 11 uYork lOO 12'3 !211 1•:61 at D °Carlisle .... . lco st D oStocc. & Darling-. lOO 167 £69 1711 st North Lou ion 10 Do New 1808 .4 4 11 2 p 8 at North Staffordshire lOO 61 03 at North anti ai. W. Junction 100 90 10' 10 Do New £lO shares 7 "... .. st Ith: f mney at lihropshire Union lOO 551 601 st South Devon".. st South'Eastern lOO 7.51 761 761 f at Staines, Wok'ham, & Wok all 13 11 st Tad Vale -- Do. C ... Waterford & Kiikenny lOO --..— 10 Waterloo & Whiteha.l 6 ELAILWAYS-PREFERENCE SHARES AND STOCKS. et Bristol and Exeter 4 p.cent. 100 87 82 et Caledonian Qrs., No. 2 lOO ... at 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. do. Ordinary lOO 73 82 st Do. Midland st Do. Dundee and Arbroath 100 ... 20 Cornwall, 3 per cent gua all ... et Dundee, Perth, and Aber deen Junction lOO 105 107 at Do. Ist Class preference lOO at Glas. & S.W. gua. 5 per et lOO ... et qt. Eastern, E.O Ex. No.l 100 93 10J et Do do N 0.2 100 97 99 et Do do 6 per cent 100 110 113 et Do East Anglian Asp. c. 100 at Do do B 6 do. 100 at Do do 0 7 do. 100 st Do do No. 1, 5 p.c. 100 at Do E. Union 4 p.c. gua. 100 68 72 at Do Norfolk 5 p.c. Ex. 1816 100 et Do do 5 p.e.Way.Val.lBl7 100 at Q reat Northern, 5 per cent 10J at Do 5 p.c., rd at 10 p. c. pm. 100 ..„ Do 41 do do do 100 ••• ••• at Do 5 do at sp. c. pm. 100 ... 1094 st Do Leeds, Bradford, and Halifax, 6 per coat lOO at Gt. Nrth of Scotland, let pf 100 et Grant South. and Western (Ireland) 4 per cent lOO 9J 98 et G t•West.— Orig.& Jut.-Iten t chg., per:gua . „ . s . p.c lOO 106 108 Do. Orig. (B.& 11. Ex). 5 p.c. 100 95 100 Do do 4 1 per cent. 1850 100 90 92 Do do 4 do do lOO 80 82 Do do 5 per cent. roiein. 100 97 9J Do du Birmingham gua 100 63 72 Do do do pref 100 Do do Chester gua I ',O s 5 J 2 Do do do 8 per cent lOO ... ... Do do do 5 do 100 ••• Do South Wales, gum. 4 p.c. 100 • ... „.. Do do 44 p.c lOO _. „. st Do do 41 1850 lOO ... ... st Do do 5 at Do West Mid. Oxford lstg lO3 16 116 at Do do 2d gua lOO 116 et Do Newport, Ist g. 5 p.c lOO 96 OS st Do do 25 do 100 ... .. st Do gua. 51 per cent. 1803 100 ... ... 00 Lancaster & Carlisle 41 p.c. all ... ... st Lancash. & Yorksh. 6 p.c. 105 1 3 13* st Do Barnsley, £5 Os 10d p.c. 100 ... ... at Do 6 p.c. (East Lancashire) 100 130 105 at Do 41 (Blackburo porch). 100 98 100 ati London & Itrischton. 5 p.c. guaranteed, No 1 lOO at Do 5 per cent. gua No. 2. 130 ... ... es Do 6 do do lOO ... ... at Do 5 do NJ. 4 lOO ... .., at Do 7 per cent lOO ... „ at Do 6 do .(W.E. & O.P) 100 at Da 4 do 1350 lOO ... .. ... ... at Loudon, Chatham, & Dover 5 per cent llO ... at London and I: W., O. and _ _ Nuneaton .5 per cent lOO 110 112 at Do Bedford &Cambridge lOO st Do Shrewsb'y & Welehp'l st London sad S W. 7 p,c _ _ _ late 3d shares, lO3 145 150 a Do (Portsm. perp aus 2s6d) all .., a Mau., Shef., &Linclu. 6 p.c. 100 ... Do £6 all par Ipm 6} a Do 31 per cent lOO 64 6G 1 Do redeem. 6 percent 5 at Mid. Consolidated ,Gp. c lOO 130 1:15 a Do 13ristol&Birm., Gp. c lOO 1.3 135 133 —a _.Du 41 per cent. re.leem lOO 0i 100 a Do 41 per cent. irredecni lOO 03 I.IJ a Du Leicester &lr elm, 4 p.e 100 80 11 at North British, 5 p.c.:No.l 100 ... at Do E. &G.4p.c. S. & 13 LOO st Do N. 8., No. 3, 5 per cen.t lOO at Do Border Union, 51 p.c lOO st N.-Eastern—Cons. 4 p.c lOO 87 85 at Do 41 per cent. redeem-- 100 07 99 at Do C 4 N.E. 4 per cent., lOO 17 Do Lerwick capital 8.13.4. ... Do York, li. &. S. purchase lO 10 101 Do Stcktu & Drliug, A 5 p.c lOO 107 10.; _ _ at Do Nr. Hartlepool kisad R .100 86 83 1:01 20 North Staffordshire all 201 211 lOs B. Devon Annuities, Us all 9 10 lOs Do Tavistock Anna., 10s all 81 91 10s Do Fixed 44 per cent all 8 84 1,0.6. S. East. (Read. Anus., 1.0.6) all 22 23 st Do 41 percent lOO st Do Fixed 41 per cent lOO ... ... st Taff Vale No.l lOO 154 153 at Waterford & Kilkenny, 6pc 100 .. .. TELEG RAP II COMPANIES. 10 Anglo-American Tei., lint all 191 191 171 1 10 Anglo Mcditer Tel., 1im.... 10 264 21 201 at Atlantic Telegraph lO 14 18 st Do. 8 per cent. lOO 42 46 st B. and I. Magnetic Tel., lint. 100 181 IVO st Electric & Inter. Telegraph 100 262 287 10 Do. New 8 12 Up 25 Indo-European Tel., lint all 23 25 5 Loud. Provincial Tel. lint all 3 4 1 Do. Prefer. 10 per cent all . .. • 10 Mediterra. Eaten. Tel., lint all 9 10 25 Reuteeu Telegram all 12 13 11 20 Societe Transatlant., lim all 16 161 161 st Submarine Telegraph I Do. Scrip all 11 11 5 U. Kingdom Tel. Co., lint all 7 8 5 Do. 10 per cont. Pref all i 1 t,l RAILWAYS.-PREFERENCE SHARES AND STOCKS. With Dividends contingent 011 the Profits of each separate yea at Cfiledoniau 41 p c gua. at Do Scot. Cen. min. 7 p c lOO ..„ st Do 41 p irredeem all et Do 4p c con., issued at 80 65 st Great Eastern 41 per cent. 100 77 Wu st Do 5 do, 1360 lOO 87 90 et Do New 5 do, 1863 lOO 83 88 et Do do 5 do, 1364 lOO 63 85 at Great Northern, 5p c irred. 100 st Do Permanent 5 per cent. 100 at Do Boston & Sleafd, 41 pc 100 st Great West., AV p c 100 et Do Joint perpe. 5p c, 1865 100 88 m st Do do 6p c irred., 1866 100 115 120 20 Do Vale Neath perp. 5p c all .„ at Kent Coast, 6 per cent, B IUO 5 Lane. and York New 41 per cent till July, 1871 2 5 ip at Loud., Brig &c., 41 pc, 1858 100 ..„ st Do do 4 do, 1860 100 st Do do 41 do, 1861 leo at Do do 41 do, 1863 100 st Do do 5 du, 1865 100 st Do No. 6 5 do, 1366 100 ... 117 i at Do No. 7 5 do st Lond , Chat., &c., 2d, 6 p.c 100 at Do Metrop. Ex., B 6 p.c 100 Do do C 6 p.c st London& N Western, 5p c 100 103 110 at Loudon &S. Weitern, 41 p C 100 93 95 10 Man. shef. & Lin., 5 pc, 1865 all 9 91 at Metropolitan 5 per cent lOO 100 104. et Midland, A 5 per cent pref lOO 107 109 st Do B 5 do 100 107 109 13 Do 5p c opt. to cony. to Ord. Stk., Sept. 1, 1860 all 201 211 18 Do Incony. New Shares all 19 19/ 22 Do 5p c con. into Old Stk., Aug. 31, 1872 Bl 15 21p at North British, E. and G No. 1, 5 per cent ... at Do £lO guaranteed, 1861 100 Do E ,P., & Dun., 2d, 4pc 100 et Do E. &G , No.o, 5 p.c at Do N. 8.. 5 per cent, 1862 100 at Do E. & G., No. 3, 5 p.e et • Do E.& G., (Ordiry) 41 p c 100 at North Eastern, 41 per cent 100 9J 100 at Do Stock. & Dart., D at North London, 41, per cent (Max. 5 per cent) at North Staffordshire 5p c lOO et South Eastern, 41 pc, 1859 100 at Do 5 do 1861 100 et Do sdo (Ch. Cross) 1863 100 et Do 5 do, 1864 at Victoria. St. & Pimlico, 41 pc 100 .•• ••• RAIL WAYS.-LINES LEASED AT FIXED RENTALS st Birkenhead lOO 93 95 00 Do. 41 per cent. Prefer all 98 100 at Buckinghamshire at Chester and Holyhead lOO 64; 6 at Do. 51 per cent. st Do. 5 do. at Clydesdale, guaranteed lOO _ at Colchester Stear Valley st East Lincoln, gua. 6p. c lOO 132 131 20 Gloster and I.?eau Forest all _ s Gt. Easts.. Newm., &c., 5 p.c 100 a Do. E.. 1). Harwich, 4 p.c 100 at Do. do. Woodbrg.Ex., do 100 at Gt. West ,W. Mid., Heref 100 97 99 50 Hull and Selby all 110 112 at Lancaster and Carlisle lOO 217 222 st Loudon and Blackwall lOO 93 95 91f at Do. 41 per cent lOO ..• at London, Chat., &c., 41 p c lOO see at Do. Com. Fund, 5 do 100 at London and Greenwich st Do. do Preference lOO at Loudon, Tilbury, & Seuth 100 8 - 3 8.; st Lowestoft,gua 4 per eee.t lOO 79 81 st Do. (3' 6 do 51 Manch., Bt.— Ma all st Midland, 13raiiord, WO 92 94 10 Mid Kent Cray Lir.) so Northern& East., 5 per coat all 53 56 50 Do. do. 6 do. all s t N. Eastern—Hartlep00l st N. West. A perp. prof, 5p c. 100 IU7 109 at Do B minimum 11 100 st Notting. &Grauth & C lOO 25 l i d )r o e y ' s t t ° o u ud n a , Hitch.,yre. and Saco ) . 100 1 13 4 2 1 1 13 6 1 st Shrewsbury and Hereford 100 1:32 134 10 do 8 2 8 S. Yorksh. and [liver Dun 100 100 10321 P D 4 per cent gua 10; 78 80 5 0.,) st Viet. Station 100 st West Cornwall 20 West Loudon, Class A all 13 14 20 Do do B all 20 Do do C all _ st Weymouth and Portland lOO st Wilts and Somerset DOOM. et East and West Loudon and St. Katherine 100 49 51 100 D ()Deb. stook, 4 par cent all Freehold Land st Dock lO9 20 33 ht, Southampton I JO 72 75 72i Surrey Corm:um cal lOO 1-9 111 311SOELLANEOUS. 10 Anlo-Mexicau 31iat 25 Australian Agricultural 204 16 17 164 25 Austu Mort Land and nu, L 5 1d pr 10 Baugperah Tea Estito, bun all 3 5 10 Berlin Water Works, L'in 5 Bombay Gls, Litulted all 5 5,. 5 Ditto, New 4 pr 4p a 50 British American Laud 20 British Indian Tea, Limited all 21 81 27 Canada Company nil 61 63 20 Ceylon Company, Limited... 10 4 3d 20 Ditto, A shares ......... ...... 5 2 ld 25 City of London Real Prop, LlO 7 6d 30 City of Milan Improvment L all 4 3 50 City Offices, Limited 50 Colonial, `Lin.ited 2O ld pr 50 Commercial Union (Asso) 5 11 240 10 Com of African Morch, L 20 Continental Union Gas, L all 2 - 61. 271 . . 25 Copper Miners of England, Pref 74 per cent all 5 7 100 Corp of London Bonds, 1877, 44 per cent all 100 Ditto, 1879, 44 per cent 100 Ditto, 1882, 41 per cent 10 Credit Fouc of England, L all 2 7 31 215 16 50 Credit Fonc of Mauritius, L 10 21. 11d St Crystal Palace St Do, Preference lO - 9.3 98 96 St Do, 6 per cent Perp Deboutloo 106 111 50 E India Land Credit & Fin L 7 5 4d 32 Ebbw Vale 271 104 9141 100 Et.ypt 9 p ct Viceroy's Loan gua by Egyptian Gov all 974 981 991 20 Egyptian Corn and Trading 1.44/ L 3 3 English and Austr Copper, L 24 1 / 15 Eng and Foreign Credit 74 4 3d 10 Ear )pean Gas all 17 18 10 Do, new... 6 Fairbairn Engineering 5 Ll p 20 Fore-street Warehouse, L 13 34 44p 100 Foreign and Col Guy Mist and Loan 6 per ct Bands' all 97 99 10 Gen Credit and. Discount, L 74 4 1.1 7 1 15 General Steam Navigation._ 1-1 20 80 50 Hems) and Col Marine Ins, L 5 1 , 1 p 20 Hudson's Bay (Governor and Co. of Adventurers of Eng trading into) all 12 124 134 50 Imperial Continental Gas 434 134 136 50 ludia Rub, Telg Work; L 45 57 59 59 614 10 International Faun See, L 5 11 14d 31 20 Italian Irrigatou Canal, Cav all 44 41 35 100 Ditto, 6 per cat Bonds, red all 1870 50 Land Secnriti es , Limited 5 2 id 25 London Af r i can Trading lO 50 Lend Financial Assoc, Lim 3O 18 17d 4 Loud Gen Omnibus, Limd all 24 21 50 Lond & Glasg Engin, Limd 25 18 16d 20 London and Prov Marine '2 par 4p St Madras Irrig & Canal, guar 100 spc by India Gov lOO 103 105 50 Merchant Shipping, Limtd all 32 37 10 Natal Land and Col Co., Line all 31 41 25 National Discount Co, Lim 5 114 114 11 10 National Steamship, Limd„, all 135 141 1 Nerbudda Coal &In Ld 6s 6d 4 10 New Consolid a t e d Dis Ld ,„ 4 5 New Quebrada, Limited 4112 44 4 1 d 25 N Zealand Lu & Mere, &c 1 11 3 25 N Zealand Trust & In, Ld 5 15 11p 10 North Assam T ea , Limited 7, 7 bd 10 Do, B all — d St N British Austral, Limited 100 60 70 50 N British & Mercan lusnce 64 23 234 25 Ocean Marine Insurance 5 15 16p 5 Oriental Gas, Limited 5 Do, New 10 Otago & South Invest, Ld 2 1 , 1 ip 5 Ottoman Gas, Limited all 2 25 St. Peel Riv Lnd & Min, Lim „ 100 31 33 50 Peninslr & Orientil Steam all 45 47 50 Do., New, 1867 lO 3) 21 . d 50 Rhymney Iron ... 15 • Do, New 01 8 25 Rio Janeiro City I m ., Lmtd all 191 20 191 20 Rio Janeiro Gas, Limited all 291 30 100 Royal Mail Steam 6O 52 54 St. Scot Aus Invest, Limited lOO 20 Societe General de l'Empire Ottoman 8 21 81 25 South Australian Land all ... 20 Tel Construe & Maintenance (lim and redaced) all 395 391 43 24 20 Thames & Mers Mn Ins, L 2 24 21p 41 St. Tobacco (Ital 6p c Loan)..: all 86 88 89 10 Trustand Agency of Austra lasia, (Limited) 20 Tr &LnCo of Up Canada 5 50 Union Marine Liverpool, Ld 5 6 65p 20 . Union Steam Ship, Ld 15 United Dis Corpora, Lmtd 6 2 ld 20 Univer Mar (Ins), Lmtd 5 44 54p 10 Upper Assam Tea, Lmtd all 4 1 30 Van Diemen's Land 100 Viceroy of Egypt Mort Ln all 804 814 82 50 Warrant Finance, Limited 12 8 6d 50 WI & P Steam, Limited COLONIAL GOVERNMENT SECURITIES. Canada Government, 6 p c, Jan and July ,1877-84 lOO 104 1051 105 Do, 3p c, Feb and Aug lOO 102 103 Do, 6p c, Mar and Sept lOO 105 : 1 10G Do, 5p c, Jan and July lOO 94A- 95 Do, 5p c, inscribed stock lOO 94 j Do, 5p c, Dominion of, 1803 lOO 951 , 6.1 Cof Good Hope, 6p c, Dec, 1873-100 103" -A Oo 1041 Do, 6 p c, April and Oct, 1890- 1900 100 111 113 Do, 6p c, April and Oct, 1880-90 100 109 111 Do, 6 p c, Jan and July, 1891 - 100 Do, 5 p c, April 15 and Oct 15, 1900 _ _ Ceylon, Nov, 1878, 6p c lOO 109 . 111 Do, 1872 lOO 103 105 I►o, 1889 and 1883 100 112 114 Mauritius, 6p c, 1873, Jan 45t July 100 102 104 Do, 1878, Jan and July l OO 106 108 Do, 1882, May 15 and Nov 10 100 107 109 D 0,1895-6, Feb and Aug 100 111 113 Natal Gov 6p e, Alfi' & Oct 100 108 110 Do, 6p c, May and Nov 100 107 109 New Brunswick Gov 6 p c, Jan and July ... lOO 104 105 N. S. Wales Uov 5 p c, 1871 to 1876, Jan and July lOO 1001 1011 Do, 5 p c, 1888 to 1806, Jan and July 100 101 102 1011 Do, O p c, red by nun draws, from 1867 to Ist 5 lOO 100 1011 1001 Do, 2 per c, annual draws, 1872 to 1898 100 1001 1011 New Z-aland 6p c, 189 1 lOO 107 1 09 Do, 5p c 100 97 9 8 Do, Jan, April, July, Oct ~ lt- 1 ' ) 971 93-1 971 I 8 D D o o : , p 6 L1.1.,c,1819819,1, June and l a ia nd p b e e e i . ) . t . l l o o : o l 1 1 0 01. 1110(:) - Nova Scotia Gov, 6 p c sterling, 1875, Jau and July lOO 1021 1031 • Do, 1886 lOO 1011 1051 Queensland 6 per et, 1882.85, Jan and July 100 1081 109} 108 110 Do, 1891, Jau and July 1 00 1081. 1091 S Austezdian Government, G p e, 1869-77 lOO Do, Is7B-9 - ' lOO Do, 18113-1908 • 100 110 111 Tasmi a i n a d uh j tn u , ly 6 p c, 1895, Jan and loo _ Do, 6p c red, 1893 to 189 7 lOO 108 110 Victoria Govt, 6 p 2, Jan and July, 189 L lOO 113 114 114 1 + Do, April and Oct, 1883.5 lOO 1131 1141 114 Do, 5p c, Jan. and Ju1y,1894 100 1.011 1024 WESTMINSTER. VIOLENT ASSAULTS ON THE POLlCE.—Michael Forrest, a labourer, before convicted for assaults, was charged with assaulting the police. Solomon Estcourt, 74 B, said the prisoner, who had been frequently convicted for assaults on the police, was drunk and riotous iu Peter-street, West minzter, and when told to go away he used filthy language, and violently assaulted wituess by striking and kicking him. Piisoner.said the police never let him alone, and the constable pushed him down without provoca tion. The constable said prisoner threw him twice. Mr. Arnold sentenced him to two months' hard labour. Wm. Benson was charged with assaulting Thos. Fance, 87 R, on Christmas night. The prisoner, and 33 others, were in Arthur street, Chelsea, on Christmas night. A window was broken, and Fance, who was called by the landlord, was knocked down and kicked about. lie got up and pursued them into Britten-street, where he was again knocked dAvn, and mercilessly beaten and kicked by several men, of whom the prisoner was one. Four of the ot'lers have b..!en convictul iu terms varying from two months to seven day. Prisoner did not deny beiug there, but ald he knew nothing of the assault. Ile did not touch the constable. Mr. Arnold said he was one of those who persis tently assaulted the police on occasions like that in question. He sentenced him to two months' hard labour. THAMES. oss SYsTEM OF Fita up ON TRAD ESPEO P LE. Charles Lawson, with several tzliases, aged 25 years, seaman of 19, Grace's-alley, St. George-in the-East, was charged before Mr. Paget with ob taining sums:of money ; fraudulently by means of advance notes made out in his favour. Emanuel Abrahams, outfitter, 72, Cable-street, St. George-iu the-East, cashed an advance note fur £2 10s. on Saturday last, and gave the prisoner 33. in c tsh and £1 73. in goods. Ile charged 4s. for cashing the note, which was signed by the captain of the ship Emily. John Kitchen, pace-constable, 190 11, said the prisoner signed the articles of agreement of the ship Emily on Saturday last, at the Tower-hill shipping office, and received an advance note of £2los. The ship had since sailed. On Alouday 1 st the pri soner 1-iguLd the articles of the ship Guvestrie at the Sailors' Home,Welt-street, and received another advance note. The Guvestrie had a!sa Police-constable Sheppard, a detective otlicer of the .11 division, said a third advance note had been received by the prisoner, foe which he had already received cash, and he believed several other similar notes, for which the prisoner received cash and clothes, had been received by him. The prisoner said all the notes were genuine. Mr. Paget said he knew that ; but the prisoner had committed frauds on tradesmen by getting them cashed, and never sailing with the ships, on the owners of which they were made payable. None of the notes would be paid. It was a gross system of fraud. Besides, the prisoner had assumed dif ferent names, and deceived those who had shipped him. He should order some inquiries to be made about the prisoner, whom he remanded for a week. DARING HIGH WAY ROBBERY. —Three youths, named Jones, Crosby, and Mark were brought up on remand charged with committing a daring high way robbery. Their victim was Mr. John Hinck ley, a master mariner, who was passing the end of Plummer's-row, Commercial-road, a few evenings since, at half-past six o'clock, and Mark ran against him and snatched his gold watch, worth £l2, from his pocket and ran away with it. Mr. Hinckley pursued him, and was tripped up by Crosby. Jones was seen in Plummer's-row before and after the robbery. Mark had been convicted five times and Jones twice. All the prisoners were taken into custody by Sheppard and Foster, detec tives of the H division, within an hour after the robbery, in a thieves' colony called Flower and Dean. streets, Spitalfields. Mr. Paget committed Mark and Crosby for trial, and discharged Jones. FIRES IN THE METROPOLIS. A number of destructive fires have occurred in the metropoliis during the night. The premises of Miss Johns, Hanway-street, Oxford-street; Mr. M‘Mahon, Northumberland-mews, Marylebon e ; Mr. Tummersly, 778, Old Kent-road ; and Mr. Casey, Wilmington-place, Bromley, have been more or less injured, but the fire brigade succeeded in extinguishing each before either of the houses were destroyed. RAILROAD INVES7MENT IN AMERICA. (From the Anglo- American Times) Perhaps the greatest material benefit which would accrue from the policy advocated in the preceding article would be the security of the wide field then opened for English investment as well as emigra tion. There, is a great fertile continent, with a climate well adapted for Europeans, inviting the hungry masses of this side to settle on. There, is a boundless field for the investment of capital now diverted towards the erection of another Palace for the SULTAN, for the arming and equipping of an army for Russia, or for a fleet for Spain to coerce into subjection her misgoverned colonies. Eng land, :.bone all countries, wants this field to be opened to her, alike for her surplus population and capital ; but there is, and long has been, a barrier in the jealousy existing between the nations, and from an ignoranco i❑ Britain of America, which some day not far distant wi:l be regarded in that island, as almoit incredible. Taking advantage of this igno rance, deigning men have levied toll under the plea of constructing railroads in the United States, and have thereby increaed the bias of the English against American investment, There is, however, no country wherein railroad-be lding supplies a more legitimate means of investment than in the United States, and the reasons are so obvious as scarcely to require to be given. A railroad is the most effec tive, and bat little more costly in its construction, of all highways. Wherever the line runs in the United States population is at racted. As a rule, the railroads are carried through or to the most inviting districts; hence the double attraction of fertile, easily culti vated laud, and the means of transport. Settle ment and the formation of railways are then ie Nmeriea synonymous t-rms, though linking ta,;e ther two wholly different things. The one is capital ; the other, families seeking a home ; money and emigration ; the rich ant the poor. Now, bearing this in mini, the connection between Eng- Und and the Amerieein wastes may be seen without an intervening obstacle. Who have the best lands open for settlement and improvement ?—the United States. Who lave the most people and money to settle and improve them ?—Great B,i:afe. Why, then, do not the two nations, having so clear and palpable a common interest, work together profit ably to fill up the wesle places of the one with the .aurplus running to waste in the other? Perhaps the author of all evil can best answer this question, for it must baffle common sense. We desire here, however, to point out the conncc'ion between emi gra:ion and railway enterprise in the United States, and the interest in both which the English ought to possess above all other nations. The banking house of HENRY CLEWS and Co., in a recent circu lar, endeavoured to draw attention to what they term the new drift of capital : "During the war little ;AS done in railroad-building beyond the completion of lines under contract at the be ginning of the struggle; and hence, for the years 4861, 1862, 1863, 1864, 1865, and 1866, the length of road con structed averaged only 1,032 miles per year, while, for the six years preceding, the increase of mileage was at the rate of 2,319 miles per annum. This fact is shown by the following statement of the length of road constructed in the United States for a series of years past, compiled from Poor's Manual of Railroads of the United States : Year. Miles. I Year: Miles. 1855, Road constr'cted 1651 I 1861, Road constr'cted 621 1856; Road constr'cted 3613 I 1862, Road constreted 8 . j4 1857, Road constr'cted 2191 I 1863, Road constr'cted 1030 1858, Road constr'cted 2460 1864, Road constr'cted 733 1859, Road constr'cted 1821 I 1865, Road cJastected 1177 1860, Road constr'cted 1846 1866 Road constr'cted 1742 Total for 6 years next I Total from 1861 to 1866 preceding the war... 13915 inclusive From this, these New York bankers argue, that railroads have not kept pace with population and business, the more so as a portion of the Union Pacific is included in the last figures, althoUgh it does little to meet the requirements of commerce iu .the more thickly populate. sections. " The high paces of agricultural products have attracted a large new population to the West, with the result of a rapid filling up of some of the less densely settled portions of country ; and the consequent in crease in the quantity of products seeking the mar kets, and the expansion of trade generally, call for enlarged transportation facilities in those sections." Referring to the rapid recuperation of the South, and the pressing want there felt for better railroad accommodation, they remark : "Not only has the amount of .its products been about restored to that of former years, but the commercial enter prise of the people has been quickened, so that they are no longer satisfied with their former slow and tedious me thods of tranportation, but demand the mist colvauient and expeditious means for marketing their crops and for a free exchange of products with other sections." Taking this into consideration, aod the efforts to develope the immense mineral wealth, the pr. sent activity is pronounced to be no mere speculative diversion of enterprise, but the expression of a real commercial requirement, not to be regarded as an ticipating a future want, but rather as " an effort to accommodate business already existing ; in which respect it differs essentially from the railroad mania of former years, when the success of the road was en tirely dependent upon population following the route. Fortunately, most of the roads then built have proved highly profitable, and their mortgage debts have been honoured with a regularity unsurpassed by any other class of securities. No stronger evidence could be afforded of the need of increased railroad facili ties than the fact that the pressure of traffic upon the old roads has been so great as to induce the companies to largely increase their capital, in order to avoid the possibility that the enormous dividends paid might induce the State Legislatures to reduce their rates of freight. Most of the roads now being built, however, are not so much designel to com pete with old and powerful corporations as to meet the wants of recently developed sections, to which population is rapidly flowing, and where the means of transportation are utterly inadequate." At the same time HENRY CLEWS and Co., while pointing out the difference between the stocks and the bonds, do not cloak the real danger of investment in Ame rican railroads; a deplorable fact, whereby the people permit a few scamps to kill the goose which lays the golden, eggs. " The conservative feeling of investors is producing a disinclination to invest iu railroad stocks ; and very natu rally ; for that ems of securities are so completely under the control of speculative directors and stock cliques, who systematically manipulate them for the purpose of pro ducing artificial fluctuations, that there is no stability in their value; and consequently the inducement afforded by liberal dividends is neutralized by the liability to loss upon the principal. Railroad Bonds aro not subject to those fluctuations. The interest is first provided by the pro perty of the company; and having thus a stable basis, speculation cannot interfere with their value. A first mortgage upon a good railroad property, indeed, is one of tho safest of all investments. It is a first lien, with amp le margin, upon real estate which improves with the deve lopment of the country, and which can hardly depreciate under any possible circumstances." Comparing these bonds with Government Securi ties, they arrive at the conclusion that, while offering quite as good security, the ratio of twenty years compound interest would be for a Six per Cent. $l,OOO Government Bond bought at present prices, $2,280.59 against an Eight per Cent. Railroad Bond for the same period, amounting to $4,317.85. Where the selection is made with due caution, not only do the railroad bonds return twice the sum derivable from a Government Security in a period of 20 years, but with equal safety. The view this house takesof the sale of U. S. Bonds and other securities to Europeans is the true aspect of the question. They estimate the outflow for 1869 at $100,000,000, and the total of the U. S. Bonds now held on this side at $900,000,000, while the Treasury has purchased $90,000,000 of Five-Twenties : "The money realized upon this immense aggregate of securities, on the one hand, goes into industrial and com mercial employment, tending to increase the transporta tion business of the country; and, on the other hand, is seeking' investment in the construction of now roads adapted to accommodate the augmented business." Those who glance over American papers, whether they come from the north, south, east, or west, must be surprised at the activity in railroad enterprise therein related. As the Messrs. HENRY CLEWS and Co. state,this does not proceed, but follows, popula tion and requirements; it is not in advance, but behind settlement—hence it is sound, not specula tive. When in England branch lines are spoken of the investor recoils as the burnt child does from the fire ; but these are not branch lines as understood in England, but great arteries in embryo. What the Pennsylvania Railroad once was, the Kansas Pacific now is, the foundation of a trunk line, to be developed into a main channel of communication, and so are numerous others running in every direc tion. lIENRY CLEWS, Esq., the head of the firm, and the writer of the circular, is the son of a ex tensive manufacturer in Staffordshire, in which county he was born in 1834. His father took him to the United States on one of his business visits, and that trip altered his destiny, for he had'been intended for the Church, with which object he was about to enter Cambridge University. After going through his probation as Clerk, when 25 he com menced business in Wall-street. First, the style of the firm was LIVERMORE, CLEWS, and MASON, then LIVERMORE, CLEWS, and Co., finally assuming its present designation. He was one of the bankers whose confidence was never shaken in Union suc cess during the war ; therefore, while standing firmly in support of the Government, that course was the one which paid. Chief Justice CHASE, then Secretary of the Treasury, remarke I ,to a gentle man wllO was congratulating him on the success of the Five-Twenty Loan--" I deserve no credit ; had it not been for the exertions of Jay CoonE, of Philadelphia, and Nlessrs. LivEumottE, CLEws, and Co., of New York, the loan would not have been taken." His forecast of the railway future, though requiring greater judgment, was e pially correct ; and by the boldness of his operations whe❑ his rez . - son was convinced, he acquired the leading posi tion his firm now holds•—perhaps one of the greatest banking successes ever achieved in so short a period. We mention these facts, as they give an additional value to the published circulars of the house, and especially to the observations we have extracted and submitted to our readers in this ar ticle. Brighton 9, 3 Brighton Club 4 Lewes ............5, 6 i Egharo (), 10 Windsor ll, 12 Bromley l6, 17 Slockta .. l7 to 19 Oxford .18, 19 York 23 to 25 Plyiu•,outli Derby Weymouth '3O, 31 SEPTEMBER. Warwick 6 7 , Richmond 2C 21 Abingdon 8, 9 I Western Moot (Ayr) 21 to 23 Doncaster 13 to 16 i Hendon 9 4 . 03 Hampton 20, 21 i Newmarket Ist U. 2; to JO OC'FOI3EII. —„ ..„-......... Bedford 4, 5 1 Newmarket 2n 0,;t..10 to 14 Leicester Brumloy 'i, 7 I Nowmarket 110t'u...2 I to 2;) I,OVE.NIIIEIi, .. _, Liverpool 8 to 1L I Shrewsbury, 1.4 to. le STEEPLECHASE FIXTURES-1870. FEBRUARY. irmingliam 4, J Harrow Derby III Newton 25, 26 MARCH Liverpool 8,9, lo I n.r-n1ey......31 and April 1 West Somerset li., 1, (Amite)Liam.. 31 and Apia 1 Warwick 22 to 24 ! APRIL. Aldershot 7, 8 ! KiugblAtry ......18, 19 S 'ORTING INTELULGENCE-lIIIS DAY CROYDON FEBRUARY MEETING. (BY ELECTRIC TELEGRAM.) WOODSIDE PLATE. Antia Butritiotit!ro ... . Sophie 1 T wc'lv ran. ODES STEEPLECUASE.—nateatdIer has not been struLk CROYDON RACES-YESTERDAY. TRIAL STAKES. Marshal Ney &treelite Jnat ita .1.0 2 Eight Kan. CROYDON HAND CAP Red, White, and Elw Lady Kew C'noerful sine ran. HANDICAP HURDLE ►ACE. Limerick 1 Aintree a - 2 Dr. Wilson 3 T Wei V 8 rau. TOWN PLATE. 3 DERBY RACES-YESTERDAY. TRIAL STAKES. STEEPLECHASE PLATE. Snowstorm.. DERBY PLATE. barkie Mastor Toro Lady Macbeth.. Three ran. HURDLE HANDICAP. Primrose -- Scarrington. DONNINGTON HANDICAP. Slap Bang.. Carlowrie... Wamba, Sbventoon ran. CITY BETTING-YESTERDAY. LIVERPOOL GRAND NATIONAL. sto 1 agst Doctor (offered) 6to 1 agst Colonel (offered) 100 t) 8 agst Honolulu (offered) 1000 to 70 agst Tathwell (taken and offered)] • 1000 to 70 agst (taken and offered) 100) to 70 agst Suruey (offered) '2 to 1 agst Moose (offered) F.OO to 13 agst Primrose (offered) 500 to 15 ag,st Aleibiade (offered) 500 to 15 agst Guy of Warwick (offered)! 100 to 3 agst Cristal (offered) 40 to 1 agst Lymington (taken and offered) 40 to 1 agst Nuys-list g (offered) 500 to 10 agst Court (taken) 200 to 3 agst Litttle Rogue (taken) 500 to 5 agst Scipio (offered) 500 to 5 agst Costa (offered) 100 to 1 agst Lamb (offered) 200 to 3 agst Traveller (offered) 100 to 8 agst Brayley's lot (offered) 100 to 5 agst Bray ley's lot, bar Moose (offered) 1 '2 W.O. CITY AND SUBURBAN. Bto 1 agst Miss Dayre:l (taken and offered) 10 to 1 agst Walter (offered) 20 to 1 agst Sabinus(taken and offered) 20 to 1 agst Ladas (taken and off2red) 1000 to 40 agst Myosotis (offered) 1000 to 30 agst Oxonian (offered) • 500 to 15 agst Brennus (offered) 40 to 1 agst Taber.iacle (taken) 1000 to 25 agst Carita (offered) CHESTER CUP. 1000 to 30 apt npolya (offered—take 40 to 1) TWO THOUSAND. 10 to 1 agst Astolfo (offered—take 100 to 7) Even Sunslane dons not run (offerci) DERBY. 6to 1 agst Sunshine (offered—take 500 to 75) 20 to 1 agst AstOlto (offarol) 20 to 1 agst Sunlight (offered) HORSES STRUCK OUT OF THEIR ENGAGE MENTS. Feb. 18, after 6 p.m., Scout, out of Croydon engage ments. Feb. 19, at 9 a.m., Red, White, and Blue, out of the Hurdle Race, Cambridge. Feb. 19, at 9 a.m., No Go, out of Stewards' Steeplechase, Cambridge. Feb. 19, at 9 a.m., The Nun, out of Handicap Hurdle Races, Cottenham, and Stewards' Steeplechases, Cam bridge. Feb. 19, at 9 a.m,, Finesse, out of the Hurdle Handicap and Handicap Hurdle Selling Plate, Croydon. Feb. 21, at 9 a.m., Flyfisher, out of Stewards' Steeple chase, Cambridge. Feb. 21, at 9 a.m., Chaddington, out of Newton engage ments. Feb. 21, at 1.20 p.m., Madge, out of Darby Hurdle Race (Ist day.) Feb. 22, at 9 a.m., Snowstorm, out of Cottenham and Stewards' Steeplechase, Cambridge. Feb. 22, at 9 a.m., Deh con Te, out of Nottingham han dicap. Feb. 22, at 9 a.m., Robert Laundrie, out of Croydon and Nottingham Spring engagements. Feb. 22, at 9 a.m., Rosecleer, out of Croydon engage ments. Feb. 22, at 4.15 p.m., Nuago and Anglo-Saxon, out of Liverpool engagements. Feb. 23, at 9 a.m., Bismark, out of Granby handicap, Croston Park. Feb. 23, at 2.27 p.m., Tusculanum, out of Open Handi cap Steeplechase, Croydon. Fora'Efr LIST. —The forfeits of the following horses have been paid :—Taffeta, Westward-ho. Provisor (to qualify). The following names have been given :—Capt. Macholl's two yrs old b c by Rataplan, out of Simla, Tamerlane ; b by New minster, out of Sister Isle, Adrian. Lord St. Vincent's ch c foal by Lord Clifden, out of Icicle, Jack Frost. Mr. Newcomen's yearlings br cby Lambton, out of Ashling, Brancepeth ; b f by Macaroni, out of Amine, Souffle. The following assumed name has been registered : Mr. Monk. RACING FIXTURES-1870. FEBRUARY. Derby .. MARCH. Nottingham... 1, 2 I West Somerset VS, 17 Liverpool B, 9, 10 Warwick 22, 23, 24 Pontefract 14, 15 I Epsom... 29, 30 Cambridgeshire l4, 15 Bromley 31 and April l APRIL. Northampton 5, 6 Newmarket Craven 18 to 22 West Drayton 7, 8 I Abergavenny 21, 22 Thirsk 7, 8 i Lewes .. 26, 27 Kingsbury lB, 13 I Croydon. 28, 29 Durham lB, 19 ,AY. Newmarket Ist Sp ...2 to 5 Chester. lO, to 13 Winchester lO, 11 Salisbury l2, 13 York 17, 18 Doncaster 19, 20 Harpenden 2O, 21 Bath 24, 25 Stamford 26, 27 Croydon 2 6. 2P Epsom 31 to June 3 J 1 Croydon 6, 9 Manchester 8,9, 10 Ascot 14 to 17 Windsor 2l, 22 'NE. Newton 22, 23 Hampton 23, 24 Bibury Club 21 Stockbriclgo...3o, and July 1 J 1 Newmarket 5 to 8 Nottingham 12, 13 Chelmsford l2, 13 Reading 1 ', 13 __ _ West Drayton 14, 15 Huntingdon..... l9, 20 Kingsbury 2l, 9 2 Goodwood :!6, 29 AUGUST. Marshal Ney Breach of Promise.. lion flour • Lightning. Ilan way....... six ran. Master Torn.. Contempt .... Whirlwind.... Twelve ran. STEEPLECHASE PLATE. oAT. irioug is to ;s )nded ;. was ; from :es by otion. I, not was idien pallY were IlarY on ether trade ;t We rents .ught Lould more .euce .S3lll O ty of !very ;liay. lesir asg- enio han land t at And ;d to :end con- isiou 1 on s of the ;s of the n ot That ried Pr' o' )x -;ht Ais iat ale he ey ut _- V