The Sun. — London, England, 1855-10-06 00:00:00

MONEY MARKET AND COMIVIERCIAL lITTELLIGENCL'. CITY, Two O'CLOCK. The Liverpool cotton market, yesterday, under went no particular alteration. The sales amounted to 7,000 bales, of which 1,000 were taken on specu lation. Up:ands brought 52d., Mobile 72d., and Orleans 6d. per lb. Rail way Shares closed quietly at about previous quotations. There was a very active movement in the tallow market yesterday afternoon, and prices advanced rapidly, the trade having suffered their stocks to become much reduced, and speculators who had oversold having to buy back. It is not to corn, tallow, or public securities that the indefatigable Greeks confine their speculative attentions. Great disapprobation has arisen in those quarters where steady trade is more appre ciated than the fitful movements of excited mar kets, gainful to the lucky capitalist or gambler, but damaging to the consuming millions. It would be senseless to join in the hue and cry against that justifiable application of means which superior judg ment or information entitle every man to make ; but where the prices of any article are unfairly driven it is high time to enter a protest. We un derstand that, through the Greek houses, which are generally compactand reciprocal in their efforts, the foreign fruit market has been violently acted upon this week, the article of raisins having been forced up as much as 51. per ton, and experienced parties in the trade assure us that there is no suffi cient reason for this advance. It is bad enough to have things bought up and monopolised at the place of growth, but to have them cleared off the market after their arrival here is both a disappoint ment and a privation. To measure the urgency of a financial difficulty there is nothing like figures, often decreed and frequently perverted though they be. In the leading columns of yesterday's Sun it was justly allowed that the advance in the Dank of England rate of discount to 5 3 / 4 per cent. was to a certain extent justified by the provisions of our currency laws, and in corroboration of this view we have but to take the balance-sheet of that institution made up for the week to the 29th ult. ; and which, we do not hesitate to declare is of such a character as to excite very lively apprehension, and to re mind us of what we witnessed in the memorable year of panic, when the Order in Council alone saved the Bank from suspension of payments. We do not go the length of asserting that we are to pass to the extreme limits of a similar order, be cause, taught by experience, the decisive mea sures necessary to arrest the evil will, it may be hoped, be adopted in good time ; but to suffer banks or bullion houses to come into the London market and buy the gold which we shall require ourselves, but which a law, suited only to the Medes and Persians, prevents our taking, even at a halfpenny per ounce beyond the fixed and Parliamentary value, is to court embarrassment and wholesale depreciation of property. The favourite crotchet of forcing an export trade by artificial cheapness, or, in plainer terms, by levying on home capital and labour for the advantage of the foreign buyers, would be more than even impolitic at the present time, as the various markets abroad have scarcely recovered from the glut of former years, and are but just returning to a healthy condition ; while it is notorious that our own colonies are still abun dantly supplied. But there is scarcely a dissen tient voice at this time as to the soundness of our general trade and its entire innocence of having directly or indirectly brought us to the present crisis. The gold from Australia was offered to the Bank, but if the Dutch or Greek dealer bid a higher price for Russia, or the French merchant for Paris, no law binding our Bank to an arbitary value will prevent its com petitors sweeping off the whole amount. And so I it will be with every succeeding arrival until the rate of discount overtops the profit on the remit tance. What the Bank of France is doing is not quite such a senseless operation as the Times would have the public believe, since there are various contrivances for deferring or graduating Payments, that may fritter them away, and leave 'us minus the gold in the end, by establishing and substituting in the interim some legitimate com mercial or financial indebtedness against us. This much is certain, that the aggregate wealth of the country becomes diminished by the process, and that —Although capital may be attracted to our shores by cheap goods and low-priced securities, it will be at a cost of as many shillings as it need, under a better system, have been pence in the pound. Returning to the Bank balance-sheet, it is impos- Bible to credit that for commercial purposes alone nearly one million five hundred thousand pounds more was in one week required from this establish ment. No, it was the foreign drain that brought forward such h host of borrowers, not simply in the shape of bullion exporters, but likewise of alarmed though non-speculative and sound traders, who fear to be suddenly deprived of their usual dis count facilities, and fear all the more be cause they cannot fathom the cause. Time will show how much longer this can be en dured, and the struggle which the Bank itself has t) maintain can scarcely make it greatly enamoured of the act of 1844. Its rapid loss of notes as well as bullion in reserve tells its own tale —want of means to meet an emergency, and want of confi dence to rely upon the vaunted self-acting prin ciple, which somehow or other always fails when it would be most useful. Compared with the pre vious week the changes are as follows Active circulation £20,172.685 Increase 764 250 Bullion 12,938,928 Decrease 329,679 3,670,125 Increase 12,918 Public Deposits 8,144,209 Decrease 245,683 Other Deposits Increase 171,078 Seven-Dv and other Bills Increase 1,202 Government Securities 12,125,026 Decrease. 373,041 Other Securities Increase 19,915,763 Notes u nemp l oyed 1,406,4856,195,570 Decrease 1,091,245 Yesterday afternoon there was a further slight advance in the quotations for bills of exchange negotiated here upon all the principal continental cities. Paris, 90 days, was taken at 25 65 to 70, Hamburg at 13 9f to Frankfort at 1191 to Trieste at 11 30 to 34, and Amsterdam at 12 to 12 1, Rest The Marco Polo, from Australia, is now 97 days out, as she was to leave Melbourne July 21. She will no doubt bring a considerable amount of gold. The steamer Africa is off Holyhead. The shipments of the precious metals during the week ending Thursday last comprised 58,800 ounces of the Continent. silver, and 5,080 ounces of gold, all to The English Funds have this morning been ex tremely depressed, and, compared even with the closing rates of yesterday, which were 87 to Consols, p fb er r Consols, there is a further reductiofnEof cent. The position of the Bank o ng h land is of course the main cause of this, and there ave be en large sales, both teal and speculative,by two or three brokers, one of whom has acted all along, a s is supposed, for the Bank of England. as B T 7 h t e o p B 3 c: of Consols for money has been as low but has since rallied to 871 to 871. The November prices have been about 871 to 87k, and they close at 87i to 87k. Exchequer Bills have continued at Is. to ss. discount. In the Foreign Market there has been a further decline in Tu r ki s h Bonds, the 6 per Cents. being dovrn to 82a to 83k, and the Scrip to 2i to 21 dis con nt. Mexican have been flatter and Buenos 4 3':res have d ec li ne d to 53k. Brazilian small stock 18 a t par. Spanish Threes have been marked 38 to ha, 3B*, e being full rates, aid Dutch 2i per Cents. I' quoted at 64 t o 64k . stock he following are the n om i na l pr i ces of foreign :—Grenada Deferred Bonds, 18 to 20; Mexi can, 211 to 211 ; Peruvian Four-and-a-Half per Cer its., 74 t Four ditto Three per Cents., 54 to 56; Portuguese per Cents., 43 to 45 ; Russian Pito per Cents., 97 to 99 • ditto Four-and-a-Half Per Cents., 85 to 83 ; :Spanish New Deferred, 19i to 192 ; ditto Three per Cents., 37a to 38k ; ditto Certifi ca t es, 4 to 41 ; ditto P ass i ve, 4. to 51. mioßailway Sh arP _ s keep their groun d b etter than at he expecte,l, alth ough certainly 1 to 1 per down on the averaue. L ancash i re and York inlre are b uoyant, and North-Eastern are higher. .Diort4-Weateria are steady. Great Western of Canada are maintained. Northern of France are to I lower. Bank Shares are dull, at previous rates. LINES Li .F P'TX M.l) Kr . 4, ALv,. S o 4411,„ J14:4,04V, t gni A 4.40 :TT' iv 4 ,9 t Leasin.. Compaus r"riLet. ' , aster lay. Salo:less this day. BRITISH FUNDS THIS DAY AT ONE O'cia, . (Front as ObVcial List.) Itusineak Anne 3 por Cent. Consols Annißities Criols ;'or Account, 12th October Ex ihe.qner Bills, 21d I 2d. £IOOO £5OO 5 1 dl 5 1 d S ma ll 5 1 dl 5 1 d . Exchequer Bonds 1858, 34 per Cent BBi Ditto 1859, „ PRICE OF FOREIGN FUNDS AT ONE O'CLOCK Brazilian Bonds 5 per Cent. . Ditto Small Buenos Ayres Bonds, B per Cent 531 Danish Bonds, 1825, 3 per Cent Bl Kquador Bonds . M. , xiCan 3 per Cent. t;ardinian Bonds, 5 per Cont. Spanish Roads, 3 per Cent 3B Ditto for the account 344 Turki,h Bonds, 6 per cent 824 Ditto for the account Ditto New Scrip, 4 per Cent. ‘nyuiends on the above payable in London. Ditch Exchange, 2i per Cent. 12 Gull 8 if Ditto 4 por Cent. Certificates .. .... TWO O'CLOCK. Cor 'lsla Ditto for t'o November tccouut London &I N. Wont. L.&N.W. Caledon , E. Un. E. C tit. "grit), E. Count SUN OFFICE, Six e'Clock. 92 - 96 100 - 102 TATTERSALL'S. (THIS EVENING.) i ... ii CESARE WITCH. 6to 1 agst Robgill (taken) 13 to 2 agst Mr. Sykes (7 to 1 taken) 11 to 1 agst King Tom (taken) 12 to 1 agst Sultan (taken) 12 to 1 agst Monarque (taken) 14 to 1 agst Neville (taken) 25 to 1 agst Siding (taken) 100 to 8 agst Brother to Grey Tommy 30 to 1 agst Crown Pigeon 33 to 1 agst Muscovite (offered) 33 to 1 agst Bolton (taken) 40 to 1 a2-st Paletot (taken) 40 to 1 agst Lady Tatton 66 to 1 agst Quince (taken) 66 to 1 agst Vindex (offered) 100 to 1 agst Topsawyer (taken) 20 to 1 agst Messrs. Greville and Payne's lot 500 to 40 on King Tcm agst Monarque (taken) 500 to 10 agst Robgill winning this and the Cam bridgeshire. Alice is scratched. SPORTING. NOTES. Gt. Westm Yk. New. & Berw. Y.&NM Do ió 100 - 105 S. Easton Do 1 -- 13 23 -24 110 -- 115 'Pet° At Co [Norfolk Do L.& N. W. & Midid. &Orlon & Darlingt. 21 - 28 90 - 0 t 6 - 58 En. Conn. E. Count. jDo SHARE MARKETS. (THIS DAY.) Do &N.W Do 130 = 134 RAILWAYS. Gt Northu Lancash & Yorksh. T. Brassey, M. MClean Stockt. & Darn ngt Do 2f -- 2 }d 85 - £0 SHARES. 112 - 116 108 - 112 ... - ... 91 - 93 56 :i 15 - 16 5i - 6 - P P 124 - 1 13 -- 60 iii - 114 107 - 109 100 102 i iP 9- 10 6 -- 6A 95 -- 97 80 -- 85 65 -- 87 9i -- 10 164 -- 16 10 101 70 -- 72 18i -19 i 91 -- 9 13i -- 14. td .134 -- 136 ••• ""' ••• ••• ...... •N 12/ - 13 I - iP 134 136 96 98 I id 4 4i 94 - 96 89 - 91 3 - 3i .• -- / /d 101 - 103 133 —14 i id par 22 23 95 100 9i 10 16 -18 ii 2 2jl ' = THE Sfl s LONDON. SATURDAY EVEN LNG OCTOBER - 6, 1855 LORD PALMERSTON ON THE WAR. TLe mayor, town council, and inhabitants of Romsey yesterday presented a congratulatory address to Lord Palmerston on his return to Broadlands. It was originally intended to have presented the ad dress on Saturday last, but as the day turned out unfa vourable for any open air demonstration it was arranged that the presentation should be postponed until the wea ther was more auspicious. In the early part of yester day the rain fell at intervals in copious showers, but to wards the afternoon the sun shone out, and the bells of the church rung a merry peal. The inhabitants of Romsey closed their shops at 12 o'clock, and all business was suspended. The streets of the town were gaily decorated with the flags of the allied nations, and streamers floated from every conspicuous point of view. Triumphal arches were constructed in the principal thoroughfares of the town, decorated with flowers and transparencies, bearing the motto, " Wel come, Palmerston, the friend of liberty and peace." At half-past 2 o'clock, the mayor, accompanied by the town council and principal inhabitants of the place, walked in procession to Broadlands, and, preceded by a band with colours flying, escorted Lord and Lady Pal merston and the Hon. Miss Sullivan to the market place. The noble viscount's open carriage having been drawn up in front of a platform erected for the members of the council and their friends, the noble lord was repeatedly and enthusiastically cheered. Silence being at length restored, Mr. FRANCIS TAYLOR, the mayor, advanced and read the following address:— " May it please your lordship,—We, the mayor, town council, and inhabitants of Romsey, ask permission to meet your lordship with our congratulatory welcome on your re turn to your lordship's residence here. Your lordship's an cestors were the constant benefactors of this town and neighbourhood ; and while we venture to claim your lord ship as a fellow-townsman and as one of ourselves, we also record your lordship's continuance and extension of similar benevolence, conjoined with that of your estimable and noble lady, the Viscountess Palmerston. " On the present occasion we feel it to be our privilege and duty to address your lordship in your exalted station, as the Prime Minister of England—a post which your lord ship was called to occupy at a moment of difficulty and emergency, and in a critical and almost unparalleled con juncture of affairs. We believe that your lordship's firm- Does and decision, sustained by the voice and the sympathy of the people of England, has tended greatly to produce the recent successful results of the allied armies in the re duction of the fortress of Sebastopol. "And wo earnestly pray that your lordship's councils may be so guided that ultimately the blessing of an equit able and durable peace may issue from your lodehip's ad ministration, and be accompanied with those civil and social rights secured to other nations, which shall place them beyond the reach of despotic power, and prove their best armament and their only true safeguard." (Cheers.) Lord PALMERSTON, on rising to reply, was enthusi astically cheered. The noble lord (who spoke from his carriage) said—Mr. Mayor and Gentlemen, on behalf of Lady Palmerston and myself, I beg to return you our most cordial and sincere thanks for the kind reception which we have met with on this occasion upon our re turn to Romsey. It would have been most gratifying to me to have been so received at any town in this great and mighty kingdom, but it meet be peculiarly gratify ing to meet with such a reception in the place to which I em bound by so many ties of personal intercourse, of local interest, of long-established family connection ; and I may be permitted to say, adverting to what has just fallen from you, to which I am bound by community of office with those whom I have now the honour to see before me. The occasion which has assembled us together to exchange mutual congratulations is one, no donbt, of the most remarkable and important which has happened in late and recent times—l mean the capture of Sebasto pol. (Loud cheers.) It is an event of which all English men may be proud. (Cheers.) It is an event of which our allies—the French, the Sardinians, and the Turkish nation—may also be proud. (Hear, hear.) It is an event which must inspire joy and exultation in the breast of every generous free man on the surface of the globe. (Cheers.) We have been told, by the commander of the Russian army, that in evacuating the town of Sebasto pol, he left nothing to the allies but " blood-stained ruins ;" and, no doubt, as far as depended upon him— as.far as time allowed—as far as his means of destruc tion extended, it was his intention to leave nothing else to the victorious enemy. Bat, although in retiring, he blew up fortified works—although he exploded great magazines of powder—although he destroyed everything , that could be busned within the time allowed for his re maining stay, yet we know that, when the allies entered the town, they found among its blood-stained ruins no less than 4,000 pieces of cannon, an immense quantity of powder, an enormous amount of cannon balls and shells, and materials of various kinds, necessary for the prosecution of war. (Hear, hear.) Well, gentlemen, what does that teach us on reflection I Why, does it not show the vast importance which the Government of Rus sia attached to that stronghold of Russian power in the Black Sea ? (Cheers.) Why was that vast accumulation of warlike material made, more than could have been required for the most prolonged defence of the place ? Why was it that elements were there accumulated for supplying great armies and for furnishing great fleets ? Why, it was because they felt that in Sebastopol was the stronghold of their power in the East—that from that centre was to radiate that intense and extensive power which was to lead them to the conquest of Con. stantinople, and to lead them from that centre of empir e to sway the destinies of Europe. (Great cheering.) Well, then, gentlemen, that, I think, affords a satisfac tory proof of the sound judgment which was exercised by her Majesty's Government in directing against Se bastopol the great power of our army and navy in the Black Sea. (Hear, hear.) There were those, and some of them no mean judges either of international or of military naval affairs—there were some, I say, who thought that we ought to have sent our armies —I mean that England and France ought to have sent their armies—to the Continent, to scour' the Principalities, invade Bessarabia, and pursue the vanquished and retreating Russian armies—for vanquished and retreating they must have been if our armies had landed and attacked them through the steppes and great wildernesses of Southern Russia. Why, if we had done so, what practical result would we have achieved equal to what we have accomplished in the capture of Sebastopol. True, if we had adopted that course, we would have defeated army after army, but army after army would have been replenished by the successive hords issuing from the north, and at last we should have found nothing but vast and extensive plains from which we would have been compelled ultimate* to retire, without having in our hands the pledge of future security. Well, then, gentlemen, we have heard much of the siege of Sebastopol, and of the gallant defence of the garrison which held that town; and yet I may be per mitted to say that, in the proper sense of the word, there has been se siege at all, and that Sebastopol has not been defended by any garrison. Why, a garrison means a com paratively small military force, which, shut up within the walls of a town or fortress, defends itself against a vastly superior army. A. siege means an operation which is conducted by a superior force investing such a fortress, cutting off its communication with the roar, and, by ap proaches which are familiar to military men, at last make a breach in the defences, and then, by bringing superior numbers against the inferior amount of the garrison, over whelming them, as must be the case in so unequal a struggle. (Cheers.) But that which has happened in the Crimea has been a transaction of a totally different kind. The allied armies of England and France, assisted from the beginning by a portion of the Turkish forces ; assisted materially by the bravo Sardinians—a body of troops worthy of admiration by all, for their discipline, their skill, their science, their good order, and their bravery — that allied army has for 12 months—l was going to say 12 long months, and long I must call them, although 12 months be a short period of historical time, yet it has been pregnant with so many vast events, that it must be long in occupying its page in the history of Europe—that allied army has during that period not been besieging a single town, or attacking a single garrison, but it has been fighting the entire military forces of the Russian Empire. (Lend cheers.) We have been contending not merely with an army in the Crimea, equal and some times superior to our own numbers, but I say it with out exaggeration, we have been contending with the en tire military resources of that vast military empire —an empire which devotes a great part of its revenues to the maintenance of an enormous standing army—an army which they call a million of men, but which may be set down at 600,000, or even 800,000 men. Well, gentle men, almost the whole, or the greater portion, of that force was set free from the Baltio to the Euxine by the neutral position of those Powers which border the Eu ropean frontier of Russia. Russia bad nothing to fear from either Austria or Prussia ; she was therefore at liberty to sand down to the Crimea and defend Sebasto pol, and drive our armies, as she vainly boasted she could do, into the sea. (Hear.) She had nothing to prevent her sending division after division —army after army—the garrison of Poland and the garrison of St. Petersburg—in fact, every man whom She c ould manage to feed at so distant a place. (Hear.) S the no danger on her frontier to prevent her reinforcing Crimean army, and replacing with new levies the lo sses she had sustained in battle. (Hear, hear.) I say, therefore, our army has not conducted what is com monly called a siege—that it bas not, conquered what is properly called a garrison —but that we have been fighting in the Crimea a battle against the whole mili tary resources of Russia, the armies of Russia being en trenched in a position strong beyond measure by nature, ILLILWAII. lberieen. Nottng. Bost. and Fastn. Qal.ast & Ballymena. Birming. Wolye rll Stour Valley a ihd. Lancsb Cheshire ,Yanet Do. Chesil. & Birk. £5O and £25 Cone. Do., £2O • • RlYth & Tyn origins' £25 (is. , .;d. at £45; Bristol and Exeter... ialcdonian Carm. and Cardigan Chester 4 Holyhead. Cork and Bandon Cork, Black, & Pass. Cornwall Do. A Do. B CAieffJunction DuolindtEcifastJunc Dnn. P. u Au.> , . Jne Do. ...... East ALglian ...... Eastern Counties.. • east. Union, A. Stl 1).., B. Stoer Do., New A , East Kent Mast Lancashire Edinbn.rgb Glasgtpx &limb. and Peebles... Edin. hilt G:, Dundee Forth & Clyde Rua. Furness . Do. Extension.. «lae¢owßtiS wPst Great N. of Seotind. ,reat Northern... I Do., A. Stock.., Do.; B. Stock.., Gt. Sth. &West.(lre. ) Great Western Do. Stour Val Rai', Gua. Stk Irisii Lancaster & Carlisle Thirds .e. Nev Thirds 1 r n Lit,. andYorksh Vst. Riding Un. Liv. Crs ny .ILSoutlipt London & Black wa,l' Lond. Bright Sz. S.Cst. iLond. and N. Wostn. Ino. Fifths ‘Do.IOI. )o. Eighths London andS. Westn Do.; £5O Do., £4O Lndndrry& Coleraine Lndndrry. & Ennisk. Manch.Shef.& Lineln Do. Shares, No. Do., Man. & Lin. Un Metropolitan Midland Do. Birmng. & Derby Midi& G. West. (Ire.) Do. Half Shares Newcastle & Carlisle ' Nwpt.Aberg. &Hrfd Newry & Enniskillen Newry Warrenpoint and Rostrevor Norfolk Northn.Connties Un North British I North Devon, No. 1 Do., No. 2 _ _ Do.; A Deferred B Guaranteed N. Eastorn—Berwick 'Do. do. Extension Do.do. G.N.E. 80. Leeds Do. York North London N .&S.Wstrn.,Hamp stead, and City Jn North Staffordshire North Western N. & S. Westrn. June Nuneaton, Hinckley, and Loicester.. oa, Wore., & Woly Portsmouth Scollish Central Scottish Midland ::"41iropshire Union South Devon South Eastern South Wales y. Yrksh. di Riv. Dm, no itainos, Wok. SzWo 4tockton Darn.: •-14tc..3kten 6 litztlepl Taff Vale .. 10 Do. Pref., No. 1 'ames Hay. P.& P tflvorstone & Lancs 11 Vale of Neath 11 Watertl. & Kilkenny 11 •Vaterford&Limereis 11 West Cornwall 8 Nest End of London .and Crystal Palace 11 Do. A . 3 Do. B West London Wit:4ll3lE4ln & Cruder knoverryt Rod Trixru Do. 5 p.c. Oblgs. con. in gh: at pa;till '64 Ardennes tieigian Eastn. Beziers to Graissessar Bombay, Raroda, and neutral India,Scrir Do. Demerara Dutch Rhenish Eastern of France Do. New East Indian, g. 5 p.c Do. Ezteia.iion Do. do. do., '59, do Gd. T .of CanadzA is Do. St. Lawrence & Atlantic do. , Do. Cert. of Deben., con. into Stk. till '6.? Do. Comp. 6p. c., do. Gt. Coutral of France Gt. Indian Peninsula guar. 5 per cent. Do. New 5 per cent. Do. Extensions......, Great Luxembour, Constituted Shares Do. Obligations Gt.Rostern of Cana& Shares Do. Now Do. Bds., payable's7, with option till '55., Do. do., '62, p. '56 Do. do., '76, p. '6O Do. do., '73, without option ETainilton & Toronto Do. 6 por cent. Lake Const. & Basle Lierre and Turnhout Lyons and Geneva Lyons 4 Mediterrar. Madras Do. New Maria Antonia Do. do. New Namur la Liege (with interest) Do. (ez interest) N orthern of France D0.201.8h5, Do. 201. 3 p. cßdr 0123%13.41.m5._ .13hs No rwegianTrunkpre Paris and Lyons Ditto Bonds .......... . Paris and Orleans.. Paris and Rouen... 7 arisCaen cti Cherbrg. D 0... Rome and Frascati Rouen and Havre.,, , IRoyal Danish Royal Swedish Do. Obligations Sambre and Menso D e o i .b o i p. cent. Pref snd Do. Southern of France., ncirew's Q'Tiebec (A), West Flan:lore Da 54 per C. Pref. Western of France 1D0......,.. 1 Cloaing Prices yesterday. 24 - `is 31 - 41 71 - 7i 16 - 15 I 4 - 15 9 - 87 89 58i b9i 11i - 12 5 - 4 6i - 7 12 - 13 9i - 9,1 -- ... '8 - 70 49 - 61 9i - 9;,1 10i - 0 , 1111 .... 72 - 74 6; - 7 85 - GG - 68 92 - 99 101 C4i 65 50 55 69 - 12 G- 7 , 6 7p 75 - 75 6i 94 - 96 911 92 2.1 1/d1 1 8I 821 9i 8i 81 • 7h j 22i - 23 7 .-- 8 / id 61 —64 i 36 38 12 - 14 1i - 2} ••• •• 46 d 8 25 ... 26i 63 - 69 - 7i 5 - 4i 11 3 / 4 - 12 3 / 4 45 - 46 91 - 98 .•• ••. 7i 7 e 51 24 - 26 tO4 106 74 76 41 43 11i - 124 56i 57 30 31 5 3 2d par 33 -- 35 ••• .. -' 19 20 3 - 4 19 - 21 5 - 7 4 2d 2 3 par ip FOREIGN. 70 - 8 21 - i . 4 -.- 2,i i - i r, .•• d par 34 - 354 9 —lO 22 221 8 8 d 15. —16 i 62 64 91 93 3 3b - 5 i r 3 - 4 2 - 3i 23 - 241 11 -• lip 99 - 101 114 - 116 115 118 1061 1071 224 - 23 112 - 114 .6 --6 p 19i -20 p, 1 p' 7 9 2 - 3 4i - 5 4- 5 33 - 34/ 12 14 ri - 84 43 -43 i ••• •-• ... 44 - 46 2O 21 2 3} - 81 ••• --- ..., p I ..- li - pm ••• 3it/ : 4_ 10i -14 p A PRELUDE. Within the last five days many significant changes have been made in the betting in the Cesarewitch. Mus covite and Boer, on the strength of a reported unfavour able trial with Homily, have been driven completely out of the market, but it is not improbable that one of them will "come again." Mr. Sykes is in steady de mand, albeit the movements of his party are still re garded with suspicion. Imogene's running at Chester has increased the upward tendency of Brother to Grey Tommy, while the performance of May Boy at Bedford has strengthened the hopes of Robgilt's partisans, de spite the "counteracting effect" of. Saucebox's defeat at Kelso. Scythian will not, it is supposed, run, and Rob= gill will therefore have the assistance of Wells. King Tom and Neville remain "firm" in the market. Not withstaning the generally expressed opinion that Crown Pigeon will be reserved for the Cambridgeshire, he is not without supporters for the Cesare witch in well-informed quarters, and the Newmarket folk declare that he is intended for the encounter of Tuesday next. Of the outside division, Black Swan Vindex, Lady Tatton, and Bolton are most talked about, whilst the Victoria-street division entertain ear nest expectations of Fulbeck. To-morrow I shall be located at Newmarket, whence I will despatch my "notes" as usual, and amidst the waifs and strays of information I may pick up at head-quarters, I may dis cover some trustworthy guide to the probable result of the race. The " Meetings of the week" require no comment. I may, however, refer to the remarkable fulfilment of my prediction relative to the result of the Chester Han- dicap. On Monday last I wrote as under : " Calculating upon a start, I shall select Imogene and the Chicken to fill the foremost places, reserving John► Osborne's intended' for a cockboat." Twelve ran, Imogene was first, the Chicken second, and Mr. John Osborne's Yorkshire Grey was third ! A FRESH MAN. October 6. Naval and Military Intelligence. The engines of the Conqueror, 120, at Devonport, were completed on Thursday, and the ship is now ready for commission. The Hamoaze lighter arrived at Plymouth on Wed nesday with a party of caulkers, who have been em ployed in caulking the Repulse, 90, at Pembroke, which is ordered to Portsmouth. Her Majesty's steam-sloop Rosamond, 6, Commander Crofton, returned to Spithead yesterday from Plymouth, and is ordered to repair defects and prepare for sea again without delay. The steam-vessel Rosamond, having completed coal ing in Hamoaze, went into the Sound at Plymouth on Thursday, and will accompany the Hibernia to Malta. The Crew of the Havannah bent sails at Devonport on Thursday. THE TRANSPORT SERVICE. Arrangements are being made between the Govern ' ment and the Royal Mail Company to engage for the Transport Service the paddle-wheel steam-ship Great Western, now lying at Southampton. It is expected that this vessel will be employed to convey, about 300 1 -navvies, together with their working implements, to Sebastopol. Th• steam transport Queen of the South still lies at Southampton, awaiting the arrival of her troops, &o. The sailing transport William Jackson went into Ports mouth harbour yesterday afternoon, to disembark her sick and wounded. QUICK PASSAGE. The new frigate-built clipper La Hogue, Captain Neatby, belonging to Messrs. Dunbar and Co., has made an unexampled passage down Channel against contrary winds. She left Gravesend on Tuesday morn ing, passed the back of the Goodwin the same evening at 8 o'clock, and notwithstanding strong fresh breezes from south-west to south-south-west, anchored in Ply. mouth Sound yesterday morning at 5 o'clock. She passed every other ship as if at anchor. La Hogue was built by Mr. Laing at Sunderland, registers 1,331 tons, and is the largest ship ever launched at that port. She is to leave Plymouth to-morrow morning for Sydney. STATE OF TRADE. ( From the Manchester Guardian of this day.) MANCHESTER, Oct. s.—Tho announcement that the Bank of England had raised the minimum rate of in terest to 51 per cent. reached us at mid 'Change yester day (Thursday). Everybody was taken by surprise, for there was no scarcity of money in the metropolitan com mercial channels, nor in Glasgow, nor in Liverpool, whilst amongst ourselves, as we lately stated, an easier condition has seldom been experienced. People are startled, and caution is in the ascendant. Of course, a limitation of monetary facilities is looked for in all the re gular channels of trade ; and as men begin to prepare for it by narrowing their own responsibilities, they thereby contribute to the realisation of the very state of things they dread. Not only do bankers raise their terms, but they begin to lessen the amount of accom modation afforded to their customers both in discounts and in cash advances ; and manufacturers and traders adopt a similar course in restricting their credits to certain classes of buyers. In this way, the screw is already receiving its first application among ourselves by our own hands, and without any notice able action from head-quarters—a wholesome though not very agreeable operation, and, at present, anything, certainly, but a profitable ono. This process is very sensibly weakening the firmness of sellers, and enhancing the caution of buyers, who, uncertain how far it may go, either abstain from all operations, or else offer such prices as spinners and manufacturers will not listen to even under present prices. The result of the slow decline which has now been going on for some time is generally stated as follows in re gard to yarns :—low counts of mule and water, id. per lb ; 20's water, ; water, Id. ; 16's to 23's wasps, to "id. ; pincops, Id. ,to d. ; India male, 40's and 50's, id. Wo know that elfers have been made for India shirtings at a reduction of 6d. per piece. The exceptions to this downward course are certain printing cloths, principally 27-inch 66 and 72 reeds, which continue in good demand for the United States at full values. For speedy delivery these articles, and es pecially 66 reeds, might be sold in large quantities, but the makers are under contract. The Carlisle manufac tories have within the last few days again advanced the wages of their hand-loom weavers 10 per cent., making 20 per cent. within the short period of four weeks. LEICESTER, Oct. 4.—There is no material alteration in the demand for plain hosiery, which is more limited than usual at this season, goods only for immediate use being required. NOTTINGHAM, Oct. 4.—There was a little extended de mand at the end of last week for goods in both the lace ol o i f day our in annual thisto fair, n. and hosiery trades, since which but little business has bean doing, probably in conseqineeantche which is always observed as a great On the whole the trade of this district is not so brisk as usual. WOOLLEN TRAL (Front the Leeds Mercury of this day.) BRADFORD, Oct. 4.—The prices of all descriptions of combing wool are, as we last week anticipated, firmly maintained, and the business transacted is still to a com paratively limited extent, although thero is no inconsi derable quantity passing at the late rates into the spin ners' hands for immediate requirements. Yarn —There is no change in the prices, and the trade remains much the same as last noted by us. In spool yarns there is a steady trade, while for all kinds there is a brisk demand for shipping. Pieces—The business done in most kinds of pieces, both at market and in the warehouses, is to a satisfactory extent, and it is confidently believed will so continue, the only drawback being, that the prices, owing to the firmness of wool, are not nearly so remu nerative as could.be desired. HALIFAX, Oct. s.—Since this day week there has been no noticeable alteration in the piece and yarn trades ; the spinners are all fully engaged to order or otherwise, and. seem likely to be so for Homo weeks to come ; hence the check which appears to have been given to the tone of the wool Lnarket by the rise in dis counts is not likely to affect prices to the extent which some seem to apprehend ; th9y may be quoted the turn in taYour of buyers, • at. 12, 4128 10 St. 20 20 10 10 5 5 2i 10 20 5 20 18 18 Ili 20 20 20i 20i 100 20i, 100 20 20 20 20 20 ati 10 20 10 46 10 4i 10 1 1 411 17i' all 10 all all all all all all all BrotleBs dons this day. ex d 55 4f 7 5 1 1 1 9515 911 i i f 82 i 64 i f 37 256 i 58i 12 11i 131 i 311 3 1 i 23f 41 1141 54 33 i i RAELWAY.T. Bedford told Blotehley Buckghanish. Clydosdal e Je Col. Stour Vy. Sud. and Hal. E. Lin... 6 oe. E. Un. H. Si. Gtas. Barr. & Neil& Direct Do. New...... Glstr.dt Du. Fr Hrtlpl. Dk. S. Railway Hull & Selby Do. Shares. Do. a Sbarea. Lon.&Grcenvr Do.Profereme Lon.,Til.,&S. Lowestoft gr. 4 per cent. Do. 6 per ct. Manch. Bxtn. and Matlock Middlecbro' & Redcar. Midld.Bradfd Newmarket Bury Exten N.& Est.s p.c. Do. 6 p,r ct. Do. Fixeds p Prest. & W y:0 Do. Shrs. A Royfftn.&Hit. Shef.Roth.and Goole g. 5 p. c. Shrews. &Her.' S. Staffordsh. Wear Valleygr 6 per cent Do WiltgV>oirirst PREFEI Aberdeen Do. N 0.2, 7 p. !;Iy-t h and ; fylie 10 pei c. pref. (iesd. at 50/, Brie. & E. 4 p. c. St. Do. 4 p. c. Shares Caledonian £lO Mester & Holyhead Guar. 5i per cent Do. do. Pref. No. 2 Do. do. Pref. No. 2 Cork &Bandons3p.c Dun.Prth .& Aber. J a'. Anglian Cis. ASh Do. do. Cls. B 6 p. c Do. do Cis. C 7p. c iklstern Counties Ex tension, 5 p. c. No. 10. No. 2 . Do. New 6 r. c. St east Un., G. 6 p. c Do. F,1., 10 per cent .Do. IDi. Dcbentr.Sh. Do. do. 4 per cent +rad tancash. 6 p.etn g.k.W. York. J. 5t119 1 gd Prth.&Dun.4p.e Furness gi S. W. G. 5 p. c. Great Northn. 5 p. a Do. 5 p. c. Redeem. ; at 10 p. C. prom.., N. 4i, p. c Do. 5 p. c. Scrip, Red at sp. c. pm... „ lat. N. of ScOt. I gt Pre 4. F. &W. (Ireland) Do. 4per c. Prof. S. 'M. Westn. (Perks & Hants Ex. 5 p. c) Do. con. red. 4 p.c. Do. con. red. 4 p. c. Do. irred. 4p.e. Do. Birm. Pref. Sh Do. Chester 8 p. c.P. S. Do. do. 5 p. c. do Do. Birm. Glut. Stk Do. Ches. Gua. Sh Do. do. do Do. do. do ........ . ••• I tan. & York. F. £l'.v Do. 6 p. c. Stock Lon. &Brigh. G. 5 p.c Do. Prof., 5 p. c. St Do. New Guar.6 p. c 'Do. do. 5 per cent Lon. &N. W., Coy. 6 Nuneaton 5 p. ct Lon.& S.W. 7 per ct Londy. & Color. Sh Londy. & Ennis.. Sly gan., Shef., & in. New, £lO Do. £6 Ylarypt.Bt Carl.4p e Do. 4i per cent Do ?aid. Consol.6 p.c.St Do. Consol. Bristol it Birm. 6 per cent... Do. 4i p. c. Pref. St Do. Pref. 4i per con IDo. 5/. Pr(f. 4 p. c.. Ditto L. S.; 11. Pref. St 'Norfolk Debenture,. Do. Pref. 4 p. c. Stoe Do. 5 p. 0. Est Do. 5i per ct.pref Do. Way. Val. 6 p. c North British - N. E. Berw, 4 p.c. P Do. do. do Do : Leeds 6 p.c tNo.I Do. do. Quarters .P Do. York H.& S. Par. North Staffordshire.. Oxford, Worcester, Wolverh.Zls, 6 p.c IDo R. Prof. 101. Sh, Scot. Cont. ,New Pre (South Devon Do. fixed, 44 per cent S. Eastern (Reading Ann.) of £1 Os. 6d. Do. 4i per cent Do. Fixed 4i p c eh S. Walos Gua. 4 p. c Do. do. 4i p. c S.Yorksh.4p.c.Guar Stock. .t Dar., 5 p. c Do. do. do Stock. & Hard. g. p. c. till July 1, '56 IWaterfd. & Kilk. 6 p c MINES. i ... 6 4 - i 4 1 * - i 6 - 7 4} - 5i 2i - 3 3 - 3i 26 - 28 i - Or 65 - 69 31 33 24 26 18 20 - IP 13 15 2 2} 1 dis— par 7 7i I ltf $ I 15 16 21 43 6 8 4,1 2 ' - t 3,1 3 - 3i i - A i - i ... - ... SOUS. 28i - 29,1. 2 lid 57 GO 40 —l5O 109 - 110 2i - 2i 5 - 5 1 - 17 - 18 loos "'"' 0100 8 - 10 - 64 1 2 3 dis— pm , 'i :: I. 'i = ii ... - ... 21 - 21 i'-i~ ...} .... I 1 1 . tb; Li Z iiii lAgua Fria Anglo Austrin. Gold ,Anglo Californian tustralian Australian Cordillera Ave Maria Baden (Gd. Duchy of Bhenarvon Iron and Coal British Iron Brazilianlmp.(issued at £5 pm.) Do. Cocacs Et Culab Do, St. John Del Rey Clarendon Cons. Min Co. of Jamaica....., Cobra Copper Colonial Gold al Copper Min. of Eng al Do. Pref. Ti p. cent le Copiapo 1 Fortuna 11 General Gt.NuggetVeiußeg Great Polstooth Gt Wheal Vor United Liberty Linares Lusitanian Mariquita . . Now Granada Nouveau Monde Pontgibaud Silvoi Lead Min. & Smelt Port Philip Quartz Rock • ithymney Iron Do. New 'Santiago de Cuba South Australian Do. Scrip Do. 10 per cent Pref fin Croft ........ ..„ (Jnited.Mexican Waller West Mariposa Wortking Mining of Australia . ••• Yuba MISOBLLAN. Australian A gricult. Auslraln. Royal Mai' Berlin Water Works Brit. American Land Canada Canada Gov. 6 p. ct. Jan. analy Crystal Palace.. Do. Preference.., Crystal Pal. of France Duston Iron 0re..... Eastern Steam ....... . En. &Ana Cop Sm Co Electric Telegraph... Electric Toleg. of T r . Gen. Iron Sc Collier Gen. Steam Navigat. General Screw Steam Irish Beetroot Suga. Magdalena St. Navig Hediteran. Elec. T e l .lexican&S.Americn Nat. Pat. Steam Fix& Netherlands Land.... Do. Do.BpePissatlCi N. S. W. Coal ex inter. Steam Navigat. Co New B. & N. S. Land N. B. Australasian_ Nrth. of EuropeStaam Oriental Gas . Do. " New Shares " Peel Rr. Ld. & Peninsular& Oriental Do. New Portland Iron C 0...„ Copal tfaii Fitwuni Soot. Austral. Invosi, Ditto New groath A ustv Subumr. Tel. Scrip._ Uegistereil 'Crust& L. Co.II. Can Paa Divuou'a Jaany all all all all all 100 18$ latTir EtEN , - ..... 100 5 100 all. 10 St. 20 r,o 10 St 13 20 , I 12 12 12 St. St. 10 100 100 100 all all 100 40 5 St. 25 all all 12i all all all all all 128, 40 324 1.00 all 24 all all all 2s. all all 10 57 I'm .9EI tn. Pro Pn, / die 91 i 1021 3i 4 i 110 9 2i strengthened by all the resources of art and all the con trivances . of skill and science, and that in thattwelve months' struggle deeds of valour have been performed by our troops—by the Britiiih and French troops —deeds of heroism which will live to the memory of the latest posterity, and which will do immortal honour to the people of the two countries. (Cheers.) It is, gentlemer, the fashion with many to say that war is the greatest of all calamities. Now, war undoubtedly is a great ca'amity, but there are evils greater than war. These are the evils which spring from the success of graTing ambition, from triumphant violence, and from Wrong and misrule over men. In all times, in all ages, and in all countries, those nations, which have possessed the qualities which dignify and adorn human nature, have felt that these evils were evils greater than war, and they have been prepared to encounter the calamities of war, however great they may be, rather than submit to the still greater evils which I have just pointed out to you. So it is with the people of England. So it is with our noble neighbours the people of Franca ; and I believe that if the nations of the Continent were to determine the course which they were to pursue simply according to their own sentiments and feelings, there are countries which are now resting on au inglorious neutrality that would join the alliance, and do honour to them and the cause. (Cheers.) Well, gentlemen, every war is, no doubt, a calamity ; but the course of the present war has brought its evils as little home to the people of this country as was possible consistently with the nature of things. Our enemy has seen his arsenals in the Baltic flaming and blazing to the sky. (Hear, hear.) Our enemy has seen that great fleet, nearly 28 or 30 sail of the line, for which the revenues of the country were squandered, and for which crews were conscribed, and, to make those crews efficient, they were taught dur ing the icy rigours of winter to mount fictitious masts erected in their barrack-yard, and to imagine they were climbing up the rigging of the fleet—(a laugh)—they have seen that fleet cooped up ignominiously in its harbours and its docks, not daring to face the Allied squadrons, which, allow me to Bay, never were superior in numbers to the Russians, however superior in other respects on which victory depends. (Cheers.) They have had the mortification of seeing that all that expenditure and trou ble was fruitless when the moment came in which a fleet might ever be useful. They have seen in the Baltic the humiliation attending that state. f things. They have had their commerce crippled and greatly reduced. In the Black Sea they have seen a fleet which not long ago proudly swaggered over the waves of the Euxine, and whose most glorious achievement was the barbarous outrage of Sinope. (Ironical cheers.) They have seen that fleet, not captured in an open battle, or yielling, after a brave resistance, to a superior force of antagonists, but sinking under the hand of its own commander, and leaving no thing but their topmasts sticking out of the water as marks of the degradation to which they have been sub ject. (Cheers.) They have seen this great arsenal—this vast capital of which they were so proud, but of which they were so chary that no prying stranger was allowed to enter its walls, so that the only Englishman that has ever given any account of it was compelled to find* his way within its gates disguised as a peasant and covered over in a cart full of hay—(a laugh)—they have seen, I say, this great arsenal, which. they so studiously kept from the eyes of jealous strangers, exposed, not to the eyes, but to the possession, of au enemy, after having vainly endeavoured for twelve months to defend it. (Cheers.) Gentlemen, we have no doubt, in many respects, felt the unavoidable pressure of war ; but those wild raging fires that have lit the arsenal of Russia have reduced themselves simply to those miti gated lights which accompany the evening rejoicings of a town, and the only noise of cannon which has echoed in our ears has not been the cannon that has shaken the walls of Sebastopol, but those occasional harmless dis charges which are the tokens of national rejoicing. (Cheers and laughter.) Well, then, gentlemen, I trust and hope that a cause which has been so ably supported —a cause which is so nobly defended—must prosper in the end as it has prospered in the beginning ; and I may say there is hardly an instance in history of au army whirl], in a single campaign—for it is only, so far as we are concerned, a single campaign—has been attended with such great and important results. We are pre senting to the world one of the noblest spectacles which it is possible for nations to exhibit. (Cheers.) Here are the two greatest nations of the world—l say it without vanity and without exaggaration, but without one par ticle of diminution—l say the English and French nations, which stand at the head of everything that dignifies human nature—(cheers)—aro presenting to the world the noblest possible spectacle of two great people casting into the shade of oblivion all their former jealousies, rivalships, and extinct animosities, uniting for a purpose generous, and, so far as any sordid motives are concerned, utterly disinterested, looking for no trumpery profit or gain, territorial or otherwise, for themselves ; but seeking simply to establish for them selves the liberties of the world in which they are so deeply interested on a solid and permanent foundation, making vast sacrifices, not wantonly for abstract prin ciple, but from a sound political view and consideration of things—l say these two nations present the noblest spectacle that the history of the world has ever, up to this day, exhibited. (Cheers.) For we have seen great combinations made for purposes of conquest ; but a com bination made for a purpose like this, so honourable to the two, has seldom, if ever, been witnessed in history. And we have seen the armies of two nations, which had learned face to face in the battle-field to view each other with respect, fighting side by side, and knowing more intimately the qualities of each ; and we have seen them change their feelings, and convert what was for merly respect into enthusiastic admiration. (Cheers.) Well, then, gentlemen, I say ill would it become any man in the situation which I have the honour to hold to talk of the future and to advert to prospective measures; but this I think I am well warranted in saying —view ing tho o panly and unflinching spirit which animates the people of this conntry—viewing the generous support which Parliament has given to the Government in every measure connected with the prosecution of the war— viewing the perfect good faith and undeviating con stancy of purpose which animates our great ally the Em peror of the French—viewing the sympathy which our cause excites among the people of every free country in the world, even in places where mistaken views of in terests, as I think, lead their Governments to a different course—viewing also the justice of our cause, which en titles us to look for the protection of Providence on our exertions—l say, viewing all these things, lam confident we may look to such a result of the contest in which we are engaged, as may place the future liberties of Europe —as may place the interests—the main and perma nent interests—of the countries which are now allied upon a sure, stable, and lasting foundation. (Loud cheers.) Gentlemen, I beg again to thank you for the great honour you have done me in the reception which we have this day received, and I again assure you that such testimonies coming from you, however they may belong mainly to the great event which we are called on to celebrate, I cannot refuse to accept as in some degree evincing friendly and kindly sentiments towards my lady and myself ; and I again cordially thank you for your respects, and I beg to wish you all prosperity both to yourselves and the town of Romsey. (Loud and prolonged cheering.) Dr. BHDDOME then proposed three cheers for Lady Palmerston, which were heartily given, and her lady ship gracefully bowed her acknowledgments. Three cheers were also given for his lordship ; and, on the mo tion of the rev. the vicar, the proceedings concluded with three cheers for the Queen. In the evening his lordship entertained the mayor and the members of the town council at dinner, at his seat at Broadlands. (Front the Times of this day.) A manly speech on the capture of Sebastopol, deliveredby Lord Palmerston to the inhabitants of Ro mse y , calls our attention to the conduct of the Premieor, w h om we have so often blamed, and at the sameti,m why we fraction of the community who cannot understande. The should now praise the policy of our ancient fo in dependent and honest portion of the Pr a e rcr h e a a v te e d n b o y sti th ch e serious difficulty to struggle with as t proflig conduct of writers devoted to party objects, and careless they of the degree in which they y to which ae meanness, the character of th a e to occupationinjure, b th the feelings of theme per sons belong. It is difficult to elevate n fo o r t a mere sons to a just appreciation of the dignity of their calling.:on, puffin A newspaper, at least a newspaper, is vehicle for party violence down one man or set tin g up another, for gr a tif y i ng p i ques and animosities, for providing worn-out politicians ,with a commodity of goo d re putations, for official intrigue o r po litical jobbery. The days are rapidly passing away when an y newspaper of character can afford t o avow it se lf as th e unflinching advocate of any party or of any person—of i n. fact, except that which to be the object anything, of all periodical as well as permanent writing —the truth, the whole truth, and nothing but the truth. To give a true narrative of p ass i ng events, and to make on those even ts just, natural, and pertinent reflections, is all to w' aspire, it being a matter to us of the purest in difference what party, what clique, or what individual re putation may be damaged or promoted by our faithful and fearless discharge of the duty we undertake. Another habitual baseness of certain persons is the habit of imput ing to us a desire to flatter the prosperous, and to trample on those in adversity. Thus, when we praised Mr. Glad stone's exce ll en t b u d ge t an d the admirable speech in which he proposed it, we were told wo were parasites and syco• phants ; and when we felt called upon to censure the ab surd and unpatriotic course which he has adopted with regard to the war, we were taunted with deserting in his adversity one whom we had beslavered with our praise in his prosperity, as if it were in the power of Mr. Gladstone or of any other statesman of the day, to give or to w;th hold from the Times that position which it owes to the favour of the public, and not to th-t of any patron or party. SV e have been led to thie train of reflection by obsery ias that WO Wife been made the olaieote of ettokolc Poomuie we have felt it our duty to render to Lord Palmcreton, •on the capture of Sebastopol, th a t moo d o f pra i se which, .wheti er agreeable or not to certain of our cbrteenporaries, or whether consistent or not with our former views of his character, ie unquestionably his due . . We are reminded and with much truth—thet We objected to Lord Pal merston's treatment of Spain and with reference to Don Pacifico • and we are told, therefor e , it i s the height of inconsistency to give him credit for the firmness which ho has shown during recent negotiations, though it Las nn doubtedlv led to the late brilliant success of the allied arms. N - ow, if consistency is to be found in always blam ing the same person, whether he deserve blame or no, or praising the seine person with similar pertinacity, oar conduct curies the proof of inconsistency on the face of it ; but if, as we rather apprehend, consistency is adherence to truth, and not to persons, we may have been perfectly right in censuring Lord Pahnersten s Spanish and Greek policy, and in pra'sing his conduct with regard to the war ; and there is no reason to suppose that our censure was occasmned, as these wiseacres assert, by any difficul ties in obtaining foreign information —difficulties of which the readers of the Times are not, we flatter ourselves, very sensible, the little to be gleaned in Downing-street being as nothing compared to the flood of light thrown on passing events by our foreign correspondents—or our praise occasioned by the brighter prospects which seem to dawn on Lord Palmerston's Government. To enter into irritating correspondence with the Spanish Government, and thus to expose this country to the insult of a suspen• sion of diplomatic relations with such a power as Spain, appeared to us an unwise and useless abuse of power, and in those opinions we see nothing to retract. To put in motion the mighty fleet of England against such a po tentate as the King of Greece for the sake of enforcing fictitious and exaggerated claims, trumped up by our du bious fellow-subject Don Pacifico, appeared to us unwor thy of the man and the occasion ; and here, also, we are not disposed to recant. Neither do we deny that we have felt it necessary, from time to time, to make remarks on the tendency of Lord Palmerston to encourage what has been well called the jargon of na tionalities, and to foster movements which, when the critical time arrived, he was not prepared to support by any stronger weapons than the expression of unavailing sympathy. But what has all this to do with the conduct of Lord Palmerston in the present war? For its commencement he is not, so far as the public know, one whit more answerable than Mr. Gladstone, Sir J. Graham, Mr. Herbert, or any of those who have lately edified us by panegyrics on Russia, and under-estimates of our power and prospects; but, once engaged, how different has been hie_conduct, and how much reason has this country to rejoice that in her extreme need she has found a Minister worthy of the crisis and of her own unshaken and un swerving resolution l One by one those who began the war by their vacillation mismanaged it by their incapa city, and deserted it at its most critical moment, shrank from his side, and left him to struggle with such support as remained to him against the consequences of errors which he had not committed, studiously aggravated, and increased by the speeches of their authors, who, cowed out of the resolstioo they had previously shown, were the loudest in denouncing their ownpolicy, and the most strenu ous in counteracting their own measures. It is but bare justice to say that at this period the couutry needed a man, and that it found in Lord Palmerston the man it needed. He adhered to the positiou he hail taken up with unshrink nig firmness, and devoted himself to the discharge of his duties and the support of his Ministry with au energy and industry which at his period of life were truly heroic and worthy et all praise and honour. By his untiring dili• gence, by never leaving the house, and being always ready and on the spot for every emergency, he preserved his Governmant from those reverses which, under the more lukewarm and careless leadership of Lord J. Russell, per petually befell the far stronger Administration of Lord Aberdeen, and, as the reward of this great physical and mental effort, he conchtled the session with a Government effectually consolidated and restored in character. These things may he clisegrecable to certain of our con temporaries, who habitually prostitute their pens to the purposes of faction or animosity. They may even come from us with something of the air of a constrained and unwelcome admission ; but they are the simple truth, and, as the truth most worthy to be spoken, both by us and by all who respect truth for its own sake, we have little reason to be ashamed of the impulse which prompts us to do fair and noble justice to an ancient adversary, or wish for that consistency which would teach us to withhold well-merited praise because we have at other times felt it our duty to express equally well-merited censure. We sincerely be lieve that it will he found that our success is due very much to the general conviction that the power which its circulation places in the hands of individuals is not wil fully abused, and that the public receive from us, together with the best intelligence we can collect, the fairest and most honest comments which we are able to make. Nothing else could account for our undoubted influence among per sons of every phase and shadow of opinion, and nothing else could maintain for a single weak the position to which the favour of the public has raised us. It is our wish, as it is our duty, to rise above personal and party feeling, and, so far as the infirmities of human nature permit, to present to our readers every day a fair and impartial chro nicle of the times in which they live. It is not for us to say how far we attain this object, but we are quite certain that we should attain it no better by sacrificing our honest convictions to personal animosities, to party predilections, to an unmanly dread of the charge of inconsistency, or a childish desire of the appearance of infallibility. In a word, we are Journalists, not Popes. On the long and checkered career of Lord Palmerston history of a more deliberate and philosophic character than we pretend to write will pronounce its ver dict; but that verdict will not bo as our contemporaries would have it —roemeasured praise or undiscriminating blame. Such consistency befits neither the philosophical historian nor the honest journalist. Censure there will doubtless be on a policy often vigorous and patriotic, but also often irritating and dangerous —on a jealousy of France which endangered the peace of the world in 1840, and a restless desire to anticipate Russia in the East which in volved us in the Affghan insurrection in 1841. But history will not fail also to record that, while England was plunged in domestic faction, and parties were exclusively occupied with religions differences or economical heresies, there was one meet who faith fully and honestly watched over the des tinies of the empire s, who, while others were sunk in sloth or blinded by mean iness and subserviency, saw through the masked designs of the Imperial robber, and sought by every means in his power, in season and out of season, to coun teract them, until at last the opportunity came, and while others fainted and shrank back, he accomplished the object of his life—the humiliation of Russia, and the deliverance of Europe from the swoop of that greedy vulture whose outstretched wings had so long darkened the sky over her Isead. MARKET NEWS.-(THIS DAY.) COrVENT GARDE/T. There was a good business doing in to•day's market, as follows FRUIT.—Pine appl es, English, 3s to Gs per lb; colonial do., is to 3s each ; het-house grapes, is 6d to 4s Od per lb ; foreign ditto, Od to Os ; melons, is Od to 2s 6d each; peaches, is 6d to as ; nectarines, is Gd to 4s per dozen ; apples, is Od to Bs; Od per half sieve; pears, is Od to ' 3s per half sieve ; Orleans plums and green gages is to 2s per punnet; apricots, is Gd to 530 d per doz.; common plums, 5s O.i to 'Zs Od per sieve ; cherries, Od to Od per pound; lemons, 4s to 8g Od par 100 ; oranges, 8s to 11s per 100; fil berts, 6s to Os per doz. lbs ; cobnuts, Os to Os ; almonds, Os to Os per lb. ; vvaLunts, Gd to 10d per 100; figs, is Od to Os ea per doz. ; strawberries, Od to Od per pottle ; goose berries, is Gd to 2s cDcl per half sieve ; currants, 3s Od to 4s Od per half seis e ; raspberries, 2d. to 6d per pottle. VEGETABLEe.— -White cabbages, 6d to is 3d per dozen; rod ditto, Os to ss; fid per dozen ; French beans, is 3d to Os Od per half sie va ; brocoli, Od per bund. ; potatoes, 40s to 90s per ton ; veg:ebable marrow, 4d to is per dos. ; peas, 3s to 5s Od per bust net ; broad beans, is Od to is 9d per half sieve ; turnips, 2d to 4d per bunch ; carrots, 4d to 6(1 per bunch ; cucumbers, Os 3d to Os 6d each ; garlic, 6cl to Os 8d per pound ; spinach, is Od to 2s Od per sieve; old onions, Os to Os par bushel ; new ditto, Os oa to 4s per doz. buaches ; leeks, 2s ad to 4s per doz. bunches ; shallots, 4d to tid ; horse-raddish, 2s Od to 4s Od per bundle ; parsley, 2d to 3d per bunch ; celery, is Od to is 3d per bunch ; endive, Is 3d to 2s 3cl per score ; beet, is Od to 2s per doz. ; parsnips, Os 6d to is Od per dozen ; small salad, 2d to 3LI per punnet ; mushrooms, is 3d to is 9d per pottlo ; artichckes, 5s to 6s per doz. ; cabbage lettuces, is to is 6d per , score ; sorrel, Gd to is per half sieve; radishes, is to Ls 3d per dozen hands ; tomatoes, is to is Gd per punnet ; chihies, is to is 6d per 100; Brussels sprouts, is Od to 2s O‘d per half sieve; capsicums, 2s to 4s per 100; walnutfic pickling, 6d to is per 100; cauliflowers, 4s to Gs per doz. NEWGATE AND LEADENHALL. Turkeys, Os Oa to Os Od ; Geese, 5a Od to 7s Gd each ; Ducks, 2s 6d. to 2s 9d ; tame Rabbits, Os Od to Os Od ; wild do., is to 1 s 6d each ; Pigeons, .6d to 8d each large Surrey Fowls, Os Od to Os O d ; a, 2s Od to 3s Od ; Chickens, Js 9 d to 2s 3d ; Ca p ons, 38 Gd to 4s Gd ; Hares 2s 6d ,to 4s Od; Grouse , 2 s Od to 2 s 3d each - Guinea Fowls, 2s 6d to . Is O d each. Ostend fresh butt er, 11 1 6d to 12s Gd, and Englis h Od to 14s Od per dozen lbs. English Eggs, 8s Od to N Od ; French ditto, 53 Od to B Od per 120. WHITh'CHAPEL. .• Beef, 3s 4d to 4s 6cl ; mut ton, 3s 8d t o 4 s 6d ; veal, 33 8d to 48 10d ; pork , 3510 d to as .2d per 81bs. by the carcase. NEWP 01 T. Beef from 3s Gd to 4s 6d; mutton, 39 8d to 4s 8d; l a mb, Os Od to Os Od ; veal, 3s 10d to 4s 10d ; pork, 48 Od t o 53 2d per Blbs. BILLINGSGATE; Turbots, 2s 6d to 25s ; Brills, 3s Od to 10s each; Salmon, s s Od to 3s Gd per lb ; Cod Fish 2s 6d to 223 each ; Soles, 6d to 3s Od pe r p a i r; Eels, 8d to'lsOd per lb; Lobsters, Gd to 2s 6d. ; Crabs, 6d to 2s 6d ; Whitings, 3s Od to 12s per doz. ; Common Oysters, 128 to 20s ' • Natives, 50s to —s per bsh ; Mackerel, 50 s t o Os per 100 ; Smelts, is fid to Os Od per doz.; Skate, 6d. to Od per lb; Shrimps, is 6d to 2s 6d per gallon; Bloaters, is Od. to 2s Od per doz. ; Fresh Herrings, 68 Od to 88 per 100. ; Scotch do., 6d; Sprats, 8s Od to Os Od per bushel ; Doreys, 2s Od to lOs each; Haddocks, 6s to 12s per doz. ; Pike 6d ; Sturgeon, 6d per lb ; Prawns, 6s Od to 7s Mullets, 6d to is 6d ; Plaice, 4d to is each ; Halibut, 6d Ps ; Flounders, is to is 6d per dozen. BREAD. The prices of wheaten bread in the metropolis are from 10id to lid; of household ditto, Bid to 91d per 4 lb loaf. AIDES AND SKINS. Market hides, 561 b to 641 b, 3id to Od ; 641 b to 721 b, to 4d ; 721 b to 801 b, 4d to 4id ; 801 b to 881 b, 4d to 4td ; 881 b to 961 b, 41c1 to 5d ; 961 b to 1041 b, 40d to bid ; 104 to 1121 b Od to Od ; upwards, Od to Od ; Horse hides, 6 0 bd to Os ; calf skins, light, 2s Od to 38 Oct; ditto, f u ll , 6s 6d to Os Od ; Polled ° Sheep, 3s 6d to 4s sa ; K en t ; 3s 2d to 3s 8d ; Half-breds P 3s 2d to 3 s 8 d ; Downs, 2s gd to 3s 2d ; Lambs, 2s 9d to 48 3d ; Shearlings, Os Od to Os Pd. HAY MARKETS. SMIIIITIELD.-31 03 d 0 W hay, 31353 to 6/ 63 ; Clover ditto, 51 03 to 61 15s ; and straw, 1/ 8s Od to 11 133 Od per load. A moderate supply and a steady demand. CIIMBAR LAED.—Meado , x atty, 3117 s to GI 6s ; clover load. Supply sOsthgoodOl, l a 2 n s d trade ;and d straw, rate dull, IV to 11 14s per IV H ITECHAPy. /1 L.—M 4-oNIV 1 v, hay, 3/153 to 6163; elovsr do,, 5/ Os to 61 los ; and straw, 1/ 8s to 1/ 143 Der load, Both hay and straw moved off slowly, at late rates. THE EXPLOSION OF FIREWORKS AT LITEEPOOL.-0 of the sufferers by this unfortunate casualty, the boy Rankin, who was hurt by the falling of the ruins, died at the Southern Hospital on Thursday night, after ax amputation of the broken leg had been effected. The inquest will be held on the body to-day (Saturday)• Yesterday the other unfortunate persons who were in jured were progressing favourably, ns he ht ad ht wo ca 3n.