The Sun. — London, England, 1856-01-25 00:00:00

MONEY MARKET kNO COMMERCIAL INTELLIGENCE. CITY, Two o'CLocK. The Liverpool Cotton Market yesterday again closed with an upward tendency, and full prices were obtained. Surats maintained the advance of id. per lb. The choice quality of Americans were plentiful. The sales were estimated 8,000 to 10,000 bales, 500 for export, and 2,000 on speculation ; comprising an addition to Americans. 90 Pernam and Maranham, 50. to fid.; 30 Bahia, sid. ; 300 Egyptian, at 51d. to 7d.; 1,000 Surats, 31d. to 4i@l. The Railway Share Market continued very buoyant, and closed with a firm feeling. In the markets for Colonial Produce this week a larger business has been done, and the prices have ruled firmer. Sugar has been in active request, and an advance of 6d. to le. has been realised for some descriptions. Higher rates have also been current for Coffee, aid purchasers have operated freely. For Rice there has been a good inquiry, but the quotations have receded. Spices have been dull, and Tea has been in limited demand. Very few sales of Rum have taken place, and the prices are almost nominal. Saltpetre has ruled steady, Cochineal has tended upwards, and Tallow has re mained quiet. The following shipments of calicoes and cotton yarns were made from English ports during the last year to India. Compared with those of 1854 there is an increase in plain fabrics and a decrease in printed ditto : SHIPPED TO CALCUTTA. Plain Calico. Printed. Ctn. Yarns, &e. Yards. Yards. Lbs. 1855 1854 215,779,819 12,392,598 12,102,956 TO BOMBAY. 1855 1854 160,864,253 16,001,138 6,171,379 TO MADRAS. 1855 ... 6,536,726 1,591,476 1,978,782 1854 5,665,695 1,880,571 2,081,159 Accounts froth Madrid state that the engineers of the Grand Central Railway Company of France have arrived there, and commenced their labours in the execution of the projected railway from Madrid to Saragossa. The particulars of the royal decree granting the concession for this purpose has come to hand, and con tains the terms agreed to by the Cortes and the Government on the one side, and the Counts de Morny, Leopold Lebron, and M. Gustave Dela bante, the president and vice-presidents of the com pany, and Don Jose Salamanca, the representative at Madrid, on the other, that the railway be con structed between Madrid and Saragossa by way of Guadalaxara, Liquenza, and Cata layud. That the Government aid the en terprise by a subvention of 240,000 reals for each kilometre, payable in metallic currency, or its equivalent in state paper. That the provinces through which the railway runs shall pay one-third of this subvention. That it shall be finished in five years ; and the privileges of the concession be held by the contracting parties for 99 years. The East India and China Association have just published a comparative statement of the number of ships, British and foreign, with their aggregate tonnage, entered inwards and cleared outwards, with cargo from and to places within the limits of the East India Company's charter, from the Ist of January to the 31st December in the years 1854 and 1855. From this it appears that the total of vessels arrived at London, Liverpool, and other ports during the former year amounted to 1,1 . 70, with a tonnage of 637,939, and in 1855 the numbers were—vessels 1,194, amount of tonnage 707,282 ; which is an increase in the former of 24, and in the latter of 69,730. The number of ships cleared outwards in 1854 was 1,491, tonnage 832,596 ; and in the past year 1,266, tonnage 883,061, which was a decrease in the number of vessels, but an increase of 50,465 in the amount of tonnage during 1855. The quotations of English Stocks have become exceedingly heavy, and the decline since yesterday has already amounted to 1- per cent. This reac tionary movement is attributable to the heavy sales that have been made, and the active demand for money that is experienced in the " House," to provide tor the final instalment on the Turkish Scrip, now due. Yesterday, as well as to-day, they supply of stock pressed upon the market has represented a large aggregate amount. Consols for transfer have been 903 and 90k, but they are now about 90i 4. For the account the quotations from 90i and 911 have receded to 90k. The New 3 per Cents. have been 91k to 914, and the Reduced 90i to 91. Bank Stock is 209, and India Stock 220. Exchequer Bills are 6s. discount to par, and India Bonds Is. discount. In the l'oreign Market Turkish Securities have declined fully 14 per cent., having been done as low as 89i to 90. The New Scrip is per cent. discount. Austrian 5 per Cents. are 86, Brazilian 6 per Cents. 101, and 41 per Cents. 931; Grenada Active are 191 ; Mexican Stock rules firm at 201 21, and Peruvian 4i per Cents, have risen to 79 and 79, ; Portuguese 4 per Cents. are 471. Russian 5 per Cents, have de cidedly improved, being quoted at 104. Sardinian 5 per Cents. are 891, Spanish 3 per Cents. are 40i to 41, and the Deferred 23k. Yenezuela Active are 28, and Dutch 4 per Cents. 954. French 3 per Cent. Scrip is 34. The following are the nominal prices of Foreign Stocks:—Grenada Deferred Bonds, 617#; Mexican, 201 1 ; Peruvian, 781 91 ; ditto 3 per Cents., 55 56 ; Portuguese 4 per Cents., 47 49 ; Russian 5 per Cents., 101 103 ; ditto 4i per Cents., 91 93 ; Spanish 3 per Cents., 401 11 ; ditto Deferred, 23 ; ditto Certificates, 5 51 ; ditto Passive, 6} I. Railway Shares have not supported the highest prices of yesterday, and a small business has been transacted. In some of the heavy lines a fall of to per cent. has occurred, and in a few cases even more. Foreign lines are likewise dull, and Northern of France are 10s. cheaper. Mining Shares rule flat. Bank of London have been at fuller prices, but in the other miscellaneous securities no material alteration has taken place. BRITISH FUNDS THIS DAY AT ONE O'CLOCK. f From the (*dal Litt , Itnifitnen: done. Bank Stock 3 per Cent. Red - aced Annuities—. ........ 90} 1 3 per Cent Console Annnities 9O New 3 per rent. Annuities Long Annuities, expire sth Jan. 1860... 3i Ditto 30 Years, expire sth April, 1885... 16} India Stock 220 India Bonds, £lOOO Ditto, under £lOOO 1 d Consols /or Account Exchequer Bills, 24d. £lOOO . - £5OO 4 d par 5 d Small Ditto Bonds, 1858, 3i per Cent.. 97} Ditto, 1859 PRICE OF FOREIGN FUNDS AT ONE O'CLOCK. Austrian Bonds, 5 per Cent. Brazilian Bonds, 5 per Cent. lOl Ditto New, 1852, 46 per Cent. Grenada New Active, 1i por Cent. Afaxicau 3 per Cent. Ditto Account Peruvian Bonds, 46 per Cent. Portuguese Bonds, 5 per Cent., Con. 1841 Ditto 4 per Cent Ditto Account 47,E Russian Bonds, 5 per Cent., 1822, £ St lO4 Sardinian Bonds, 5 per Cont. Ditto Account BB6 Spanish Bonds, 3 per Cent Ditto Account 4Ol 1 Ditto New Deferred, 3 per Cent. . Ditto Account 234 Turkish Bonds, 6 per cent 9l. Ditto for the Account i 89f 90f 90 Ditto New Scrip, 4 per Cont. Venezuela Bonds, 44 per Cent Ditto Account ............. 28 •• Dividends on the above payable in London. French Rentes, 3 per Cent. Ditto Scrip, 2d Loan of 1855 3i Dutch Exchange, 2i per Cent., 12 Gull_ Ditto. 4 per Cent. Certificates Ditto Account 955 TWO O'CLOCK. .... C ansols The will of the late Thomas Cubitt, Esq., is one of the longest on record, and extends to 386 Chancery folios, covering 30 skins of parchment. Tile personal estate exceeds one million (termed in law of upper value), and is ebargei with the highest amount in the Seale of probate duty, the stamp being 15,0001. The Ivido w has an immediate bequest of 20,0001., and an annuity of 8,0001. 100 3} 100 all 100 21i all 11:x3 100 31 1p 110 8 ,LOO 10') iOO a 16' 1)0 100 5 5 20 10 SHARE MARKETS. (THIS DAY.) RAILWAYS. RAILWAYS. Closing Prices yesterday 23 , 25 3i - 4} 4. -"' -.• - 8 4 16 - 15 13 - 14 9 - 8 •., ••• 83 - 85 56i - • •• ..... ... 4 - 2 6i -- 13 8- 9 25 --- 27 18 - 20 72 - 74 50 - 52 91 - 9i 20 - 21 80 - 85 6 - T 95 - 96 80 - 82 124 - 126 [Ol 106 55i •- 56 54 56 72 - 17 6 - 8 6 - 8 I 80i - 81 6 1 1 97 99 981 98j Id 87 6 5 ill 251 69 d } f 69i 41 43 ••• • •• - 10 U - i'6 31 .. 32 72 -74 7 —64 d 4i— 4 , P 5 —14 A 484 495 ii - if 4 - 5i 22 - 24 102 - 104 72 -- 74 13 )1 . 13 61 62 67 - 69 5 3d 24 pa, 34 - 36 • so "".` Ambg. Nottng. Bost and Eastn. Jtinct.. 3elfast & Ballymena Birming. Wolverh Stour Valley girk eand. Lancsh Cheshire Juliet Chest. & Birk £5O and 225 Cons Do., £2O Rlyth & Tyne origina £25 (issd. at .£4.5 Bristol and Exeter.. ICaledonian. Carm. and Cardigal Chester & Holyhead. Jork and Bandon.. Jork, Black, & Pas,- •Jornwall Do. A Do. B Crie T Job iin&BelfastJunc nun. P. & Ah , Jnc. East Axglian Eastern Counties nnion, A FRI Dc., B. Sto..t Do., New A.. East Kent East Lancashire Edinburgh& Glasgo, Edinb. and Peebles Edin. Prth & Dnude. Forth & Clyde Jun Furness. Do. Extension Glasgow & S. Westp Great N. of Scotind. Great Northern Do., A. Stock Do., B. Stock Sth. &West.(lre Great Western Do. Stour Val. Rai' Gus. Stk .. [rich South-Eastern., Lancaster & Carlisle' Do., Thirds Do. New Thirds LAncash.andYorksh. Do., Wet. Riding Un. LIT. Crsby.&Southpt London & Blackwall Loud. Bright & S.Cst. Gond. and N. Westn Do. Fifths Do.lol. Do. Eighths London and S. Westn. Do., £5O. Do., £4O Lndndrry& Col oraine Lndndrry. & Enntok. Vianch•Shef.k Lincin Do., Man. & Lin. Un. Metropolitan. ....... Midland 00. Birmng. & Derby Widld. G. West. Ore. Do. Half Shares Newcastle & Carlisle Nwpt.Aberg. & Hrfd Newry & Enniskillen Newry Warrenpoint and Rostrevor Norfolk Northn.Countios Un North British Nth Devon Rai!. & Dock Stock Do., A Stock. )0., B Stock . ..... •• Do., B Guaranteed N. Eastern—Berwic`; Do. do. Extension Dodo. G.N.E. Do. Leeds Do. York North London . N .&S.Wstrn. ,Ham! - stead, and City Jn., North Staffordshire.. North Western N. & S. West rn June Nuneaton, Hinckley, and Leicester Os, Worc., k Woly Portsmouth Scottish Cenral SeottiehMidlarvi ihropshire LTL i lo o ntil Devon ath Eastern -inuth Wales vrksh. & Riv. Dnr Do 3taines, Wok. &Wok tockton & Dar li Stu Aten & Hartley: NIT Vale . to. Pref., No. 1. Thames ilay. 7 ..&11,. Ulverstone & Lanes Vale of Waterfd. & Kilkenny Waterford&Limer:el West Cornwall. . West End of London and Crystal Palace.. Do. A .... Do. B !West Londcru..., Wimblodn&Croydor 19 - 20 3i - 4i 4 - 6 FOREIGN. Antwerp&Rott•rdsze Do. 5 p. e. Oblgs. con. in Sh. at par till '64 Ardennes Belgian Eastn. June , Beziers to Graissesaarl Bombay, Baroda, and Central India,Scrlr Do. Demerara Dutch Rhenish Eastern of France Do. New East Indian, g. 5 p.° D 0.41 p.c.Bnds.,'s7 Do. -6:xtensiou no. do. do., '59, Gee'ong Melbourne guar. 5 per c nt. Do., Lon. allot., do. IGd. Th of CanadP.A. is IDo. Do. Cert. of Deben. con. into Stk. till '63 Do. Comp. 6 p. c., do. Gt. Ceutral of Fran- Gt. Indian Peninstibo ,Great Laxembonri, Constituted Shares Do. Obligations... Do, re-is. forftd. Sh Gt.WestornofCanw a %litres Do. New Do. Bds., payable's7, with option till '55.. Do. do., '62, p. '56... Do. do., '76, P•'600... D. do., '73, without option Hamilton & Toronto Do. 6 per cent. Lake Conet. & Basle Liorre and Turnhout Lucca it Pist. 5 p. c.p. Lyons aid Goneva Lyons & MerlitArren gadrae, guaT. 4 p.c De. New 0., sp. Do. 4i p. c. Eaten. Maria Antonia ~. Do. do. New INamar & Llegr ,e 1 interest) Do. (ex interest) Northern of France Do.2ol.Shs Do. 201. 3 p. c Me (fmy. B. di Am s. She. NorwegianTrunkPre` Paris and Lyons Ditto Bonds IParis and Orleans.... Rome and Frascati.. Royal Danish RoyalBwedish Do. Obligations Sambre and Manse_ Do. 5i p. cent. Pref. Scinde, guar. 5 p. c Do Southern of Franoe.. l St. Andrew's and Quebec (A). West Flandeis Do 51 per 0. Pref W. &N. W. of Prance- West. of Switzerland Wiesbaden ... gesaand . 8 - 84 par 2 p 3,t 3 3 2 ( i - 1 I - I 361 - 36i P 10 -12 p 213 - 22 1 - 16 10 - 8 16 17 60 701 80 - 90 34 -- 4 p 20i -20 i 51 - 3 - 26 - 26 : 31 -31 p 98 2 100 120 - 126 122 - 127 106 108 24 - 26 117 - 122 ••• 74 - 841 - 191 - 1 7 9 2 - 3 5 3 / 4 - 6 5 - 36 - s.6t 11/ -- 12; -- 8 47i - 47, 46 - ,i; 19 - 20 li - 2i 2 - 24 8j - 94 - 11 ... ... - pm ••• - ••• 3i - 4 ii : ii io io JOINT-STOCK BANKS. kustralasis Bank of London !tri. Col . lik.&Ln. C Firitish N. Am er i can Chartd. Bank of Asia Chrtd. Bnk. of Indio, Australia, & China City Jolonial Commercial of Lond gng.Scot.& &us. Cht Lond. Chart. Bk. of Australia Ditto New London and County Lnct . &E. Bnk g• Corp London Joint Stock Loud. & Westminster National Pro.of Eng Do. New National of Ireland ' New South Wales Oriental Bank of Corporation. [Provincial of Prelsnd Do. Now Royal Australn.Bkg. & Gold Imp C 0..., Royal 8riti5h...,. .,,, Anitth Australia Union of &tetrall,4... Do. Now Union of London 92 -- 94 61 - 63 ii = i-d = .d 18" 17 .... is 3 .-- 2d far 2p "'" • 38 - 40 40 - 42 51 - 53 .. -.- ••• ''''' sr 3739 73 - 75! 8 9 29 cif =IO Business done this uey. . 56 i I 9 8& 100 100 i 100 100 100 1)0 100 100 10 -IA 14 4i Ell 14 .411 14 all all all all THE SUN, LONDON. FRIDAY EVENING, JANUARY 25. 1856. 1 LINES I,KASED , T FIXED 13,ENTALS. THE QUARTERLIES. cause of liberty. " Russia and the Allies" deals with the subject of the war in an effective manner, showing that in no element of strength are the Allies inferior to Russia, while in several they are superior. The necessity of care being taken to secure a safe peace for our Allies as well as ourselves is strongly urged—the article concluding as fol lows RAILW AV's CompanB. Ctoant • enol3e yeater fay. Bastness this day. The Edinburgh Review. No. CCIX. " That which lies before England as the duty of to-day must be done well and effectually, even if for the present it be done exclusively. Other things may wait. The Tzarate is like the Papacy, it never allows that it is in the wrong, never admits it is defeated, all its titles are indefeasible, and its designs are never abandoned, only postponed. But the reckonings of all kinds which with us await the close of this war, will, if the close of it be inglorious for England and unfruitful in European liberty, issue in agitations which will render us incapable of tak ing part in foreign affairs for many years to come. If we now leave our work unfinished, it may or may not be completed by other hands, but it is not likely that we shall ever, as a nation, have the opportunity of resuming it. And he is the truest patriot, who labours among us that the termination of this war may be, if it may so be, speedy, but above all satisfactory and effectual. To reach that much-desired haven he will have to drive on the galley of the State, steadily but not in haste, in the face of trying storms of warfare, skilfully avoiding the shoals of foreign diplomacy, and the rocks of domestic faction, partisanship, and self-seeking ; and he will have to take heed that no unseen Remora hinders the onward progress of tke gallant ship." Besides the above will be found articles on the " Military Education of Officers," " Athenian Comedy," and " Lions, and Lion Hunting," all of which are well worthy of perusal. Contem porary literature has its usual share of attention, and is reviewed with customary ability. EASTERN COUNTIES RAILWAY. Meeting this Day. A special general meeting of the shareholders of this company took place this afternoon at the London Tavern, Bishopsgate-street, in pursuance of a requisition to the directors, dated the 20th December, to convene a special general meeting of the shareholders "for the purpose of taking into consideration the general position of the Board of Directors, the state of the company's affairs, and of adopting such measures and resolutions as may be deemed necessary, and can be legally taken, for the due and proper administration of their affairs." Mr. Waddington, in the chair. There was a very full attendance of shareholders ; several lady proprietors were present. The CHAIRMAN took his seat amidst mingled cheers and hisses, the former predominating. The SECRETARY having read the notice concerning the meeting, and also the requisition, Mr. Sergeant GAZELLE appealed to the meeting and the chairman whether the latter would not best consult his own feelings and that of the meeting by retiring from the chair that day, instead of presiding over the proceedings. . The CHAIRMAN said that on a former occasion he undertook to answer the charges brought against him by the committee of managemeent. He had redeemed that pledge, and it was for them to decide whether it was satisfactory or not. Until that be done he should retain his seat. (The hon. gentleman then sat down, folding his arms over his breast.) Mr. Bruce (director) referred to a pamphlet that had been published, stating that there was nothing but anar chy and confusion at the board. 'He denied the state ment, and quoted in refutation of it that in the six weeks during which Mr. Waddington had been removed from the chair of direction the income of the line had increased 8,0001. He referred to the charges he brought against the directors at the meeting in August last, which, he contended, had not been de• nied, or, if denied, not disproved. He would de his best whilst he remained a director to procure for them a proper statement of their accounts, but he should decline taking any part in the administration of the affairs if they re-elected Mr. Waddington as their chairman. He again condemned the past conduct of the chairman, and concluded by moving that the meeting confirm the reso lution of the meeting in August last, appointing the committee of investigation and requests them to con tinue their labours till the general meeting in February next. Coals Olive oil Wool Lead, pigs IP Sugar, Colonial „ „ Foreign „ Meat (fresh and salt) ... Zinc Dr. REILLY seconded the motion. He attributed the present state of the company's affairs to the mismanage ment of the chairman, whose conduct ought to be the subject of a public prosecution. *I THE TRADE OF FRANCE, 1855. The Moniteur of Monday contains the trade tables of France for the month of December. and for the year 1855, compared to 1854 and 1853. For the same period our trade tables are not yet published ; and as those for November were not published till the end of December, and those for the year 1354 were not published till after the middle of February, 1855, we are afraid we must wait at least another fortnight for the official records of our trade for 1855. 'We have so often referred to the dilatoriness of the Board of Trade on this subject, which deprives its publications of much of their value, that objurgation is obviously useless, and we content our selves with merely referring, as a contrast to its delay, to the greater activity of the Imperial Government of France. The French tables include the stocks on hand, which form no part of our official statistics. The import trade of France in 1855 was so good that the Minister of Commerce has said that it equals the trade of 1346, the most renowned under the former go vernment, and has thus entirely overcome the depres sion which began with the convulsion of 1848. The revenue obtained by the customs' duties, which we quote as the only criterion we have of the total imports, was in 1655, 189,704,6901 r. ; in 1854, 150,587,303 f., and in 1853, 141,607,552 f. In the interval several alterations have been made in the duties, but they have generally tended to lower the rates, and we have the Minister's word for the fact that in 1854 and 1855 the whole of the indirect taxes were alike, and yielded 70,000,000 f. more in the latter than in the former. But this includes all duties as well as the customs, and we shall better under stand the increase and the course of the trade by attend ing to the quantities of the articles. In the cereals, a term which includes flour as well as wheat, and all kinds of grain and meal, the imports were less in 1855 than in 1854 and 1853. The following is the account in metrical quintals, each metrical quintal being nearly 200 cwt. : IMPORT OF CEREALS. 1855 1854 1853 4,109,589 5,414,950 5,159,854 Our surprise that France should have imported less in 1855 than in 1858 disappears when we notice what were in these years the - EXPORTS OF CEREALS. 1855 1854 1853 957,581 1,596,216 3,963,487 The exports, therefore, in 1853 exceeded the exports of 1855 by upwards of 3,000,000 quintals. France im ported grain and exported lour. Even in 1863, how ever, the imports exceeded the exports by nearly 1,201i0,000 quintals. We have before learned that, taking long periods, the average imports of grain into France have rather exceeded the exports. On the whole, there fore, France is an importing country, and we may con clude, from the recent extension of her manufactures and of her town population, that this is likely to be her condi tion for a considerable period. Combining this with the fact that a large proportion of her agricultural produce, of her wines, and her brandies, is intended for exportation, it supplies an irrefragable condemnation of her system of stimulating the manufactures of cotton, silk, leather, sugar, glass, &c., by bounties. On the principle of free trade neither should be favoured, but certainly the pro duction of silks and cotton should not be promoted at the expense of the production of food. Of some other articles the imports declined in 1855. The principal were cocoa, to a small amount below 1854, but the imports were more than in 1853 ; cotton below the two previous years, the consequence of the deficient crop in the United States ; saltless in 1855 by one-third ; and nitrate of soda. The decline in the im port of salt is the more remarkable as the export has increased, and the total increase of the salt duties in 1856 above the duty in 1854 is only 1,600,000 f., and is little more than 100,000 f. above the amount in 1853, indicating, we think, that this duty, always hateful to the French, and always onerous, now falls very heavily on the multitude. For us it must be a subject of con gratulation that we have long ago, owing in the main to the exertions of the late Mr. Calera% entirely got rid of this odious impost. Of the articles of which the import increased we tran scribe the following : IMPORTS INCREASED IN 1855. 1855. 1854. 1853. Oxen and cows No. 113,469 90,946 36,162 Sheep Wine Hectolitres 412,205 192,023 31,650 Brandy, &:c lt 234,998 89,899 4 5, 1 16 M. Coffee quintals 398,992 319,770 277,873 Copper Bar iron /, 717,963 125,959 59,735 Cast iron lf 1,360,411 918,958 861,989 Linseed 40,575,654 35,573,708 29,820,737 11 298,001 174,842 181,213 375,587 210,479 285,102 359,477 308,701 289,320 889,935 826,991 220,852 800,848 483,911 412,205 103,028 59,805 9,542 258,419 165,949 252,380 London & N. Wost. L.&N.W. CaWon , E. Un. E. C Gt.Nrthn E. Count Caldonian Gt. Restr Yk. New. Berw. Y.&NM Do S. Easter Do !Pet° &Co. Norfolk Do L.& N. W & Midld.l Stokton Darlingt. Midland 'En. Coun. E. Count. Do Do L.& N. W Do IGt Northn' Lancash & Yorksh. T. Brassey M.BlClean Stockt. & Darlingt Do IGtWestn. 93 - 95 94 - 98 133 - 135 ••• ...... 104 -- IC6 121 - 1?1 23; - 24; 107; - 112; 2i - I/ 91 - t 3 55ci :: k 130 - 133 •.. •• 74 - 8 • 3 - 241 30; - 31; 83 - 85 IRENCE SHAREb. 0.... 109 -- 111 106 - 108 80 -- 85 92 - V 4 93 - 95 15 - 16 —s.} ••• ..... ••• 11 i - 124 eii 6 .15 - 117 108 110 102 - 104 in • 10 6 - 64 88 - 90 78 - SO 78 - 80 93 - 95 16 - 9i 91 10i 68 - 72 18 - 19 9-93 131 -14 t 1 - !30 - 132 r or. '''' wira • •• '' ••• ••• ..." ... ••• ---- - , ... - •• •p 131 - 131, 133 - 135 93 - 95 - 1 4 - 4i }... - ... 99 - 101 90 -92 6 - 53 •• •.• 1 id 133 14~ -pay 221 —22 i 94 9 9i p -- 1p i a ia To an average reader the Edinburgh Review for the current quarter will appear doubtless to offer at the first blush but small attraction, if any, even among the ten very miscellaneous articles enu merated in its table of contents by advertisement. Yet there is scarcely one out of all these ten con tributions which will fail, in some way or another, to interest the discerning upon a distinct and se parate examination. This may be observed with truth even in reference to.the criticism upon "The Himalayan Journals," kept during the course of their Asiatic travels by Dr. Hooker and Dr. Thomson; as well as in regard to the ingenious comparison of "The Rural Economy of France and Britain," suggested by certain recent essays from the pen of M. Leone Lavergne. The histori cal paper upon " The Civil Wars and Cromwell," with which the number leads off very cleverly, will of course arrest the attention of every intelli gent student of our national annals, whose interest in their regard is not altogether absorbed by the two last volumes from the hand of Mr. Macaulay. While as to the concluding article of this same cur rent number of the Edinburgh, the article descrip tive of the " Russian Campaigns in Asia," who can remain altogether incurious in its regard so seen after the lamentable capitulation of Kars, fol lowed as that capitulation has been so very speedily by the still more lamentable indications of a has tily pached-up Peace, a Peace partaking in the cha racter, in every way, of a disgraceful and disastrous compromise ? It constitutes in another respect one of the most surprising coincidences in the his tory of modern engineering that the more enter prising of the scientific adventurers of the present age are simultaneously occupied in speculative theories as to the practicability of cutting a canal yonder to the east through the Isthmus of Suez, and yonder to the west through the Isthmus of Panama, opening up in the old world a direct water communication between the Red Sea and the Me diterranean, and in the new world between the Atlantic and the Pacific. To one of these two as tonishing enterprises, namely, to the long-cherished scheme of " The Suez Canal, " a r e vi e w er i n th e Edinburgh takes occasion to revert with consider able gusto, in. consequence of the apposite lucubra tions upon the subject recently given to the world. by M. Ferdinand Lesseps, French Minister Pleni potentiary. According to the reasonable view of the Whig quarterly tie engineering difficulties presented by the Isthmus of Suez to the projectors of the intended canal are much less formidable in every respect than those which appear as yet to render altogether futile the efforts of our more ad venturous speculators to dig a navigable canal across the lofty and rocky ridge forming the Darien bond of union between the Siamese continents of America. Nor can this same decided recognition of the superior practicability of the Suez scheme be considered as otherwise than most rational un der the circumstances when it is borne in mind that, although the European isthmus extends even in its narrowest portion to a distance of 90 miles from sea to sea, while the Transatlantic isthmus is little more from ocean to ocean than some forty miles in all—the summit level of the latter is so high, and the soil is so stubborn throughout, that those two difficulties united have presented hitherto insurmountable barriers to the combined energies at once of British and American engineers. In glaring contrast to which the Isthmus of Suez, even in its ample breadth of ninety miles, actually more than double the distance occupied by the loss prac ticable isthmus of Panama, presents but two ridges between the shores of the Red Sea and those of the Mediterranean, one ridge but fifty, and the other but fifty-five feet above the same point—the whole land from sea to sea being at once low and sandy, and a considerable part of it indeed actually below high-water mark ! Nevertheless, even while con trasting thus strikingly to the advantage of the Suez Scheme, the great rival projects of these mon ster canals in the eastern and western hemispheres, the reviewer declares positively, in so many words, of the day-dream of the Darien Ship-Canal, that, after all, " there can be little doubt but that it is only a question of expense," and that "if railroads will not suffice for the traffic between the two oceans, a canal must and will be cut ! " A dic tum as majestically authoritative in its way as the old Roman Augur's "cut boldly" addressed to the king, razor in hand, with the strop before him, in tent upon its severance. Yet it must be confessed that the Edinburgh Reviewer, somewhat tempers the fervour of his assertion as to the certainty of the Darien scheme being ultimately accomplished by adding that, "as the question at pre sent stands, it seems more than probable that railroads will be found sufficient," and that "thus the expensive and uncertain project of a ship canal will be indefinitely postponed." Not so does he by any means deem it to be with regard to the project of the navigable canal across the Suez Isthmus. TWA project he con ceives to be much more practicable in every way—reserving his doubts, almost exclusively, for the matter of its ulterior utility. Inso much that he closes his remarks upon the whole enterprise with the virtual shrug of the shoulders implied in his concluding words, that " the Suez Canal Question may fairly be relegated among the questions oiseuses which may interest and amuse, but can hardly ever' benefit mankind." The criti cal and biographical paper relating to " The Minis ter Vom Stein " possesses an interest of its own, illustrating as it does whatever there is of import ance in the career of Henry Frederick Charles, Baron Stein of Stein (Von and Zuni, Stein), o who took no unimportant part in the final coalition against Napoleon the Great, the coalition whose labours were crowned so very memorably by the famous Congress of Vienna. It was Stein, the passionate and impulsive Stein, who so amusingly enforced his precept of placability to Niebuhr, the Roman historian, when having observed—" You know we must forgive our enemies," and Niebuhr having urged thereupon—" Why, your Excellency hates Count A.," his Excellency replied—" Hate him ? No—but if I met him in the street, I would spit in his face." A worthy representative, that, of the moderation presiding over the councils of the plenipotentiaries assembled together in the Congress of Vienna, the Congress holden in 1815, to decide so magnanimously, generously, humanely, upon the fate of a greater than Sesostris or Charlemagne. The brief criticism which follows immediately afterwards upon "Lectures to Ladies on Practical Subjects," is the most strangely incongruous sequel imagin able to the memoir of the astute and worldly-wise diplomatist Vom Stein—brimming over as it does with the evidences of a very amiable tenderness for one of the most charming of the recent phases of practical philanthropy. W e earnes tly commend the brief but sufficient argument of the Edinburgh Reviewer upon the subject of these Lectures to all the lady viaitors of the poor, who are animated by a more genii], and a less pragmatical spirit than that manifested in the brickmaker's cabin by the re nowned Mrs. Pardiggle. Frightful beyond all exaggeration are the revelations made through the article upon " The Use of Torture in India." Wonderful in its way is the succinct and enthral lingstto M'Clure's Discovery of record of the last Arctic Voyage, that which witnessedan ddelightful "Sir Robert the North-west Passage." Amusing, and sparkling, from fir last is, the memorial of " Henri Beyle," given in the f orm o f a half-respect ful, half-depreciatory criticism upon the Life and Writings of Henri Beyle's alter ego, his pseudonym, his nom de plume, M. de Stendbal. So much, in brief, for the ten articles in the new number of the Edinburgh. The Westminster Review Opens with an interesting article on " German Wit and Heinrich Heine," who, to Tentonic ima gination, sensibility, and humour—is said to add an amount of esprit that would make him brilliant among the most brilliant of Frenchmen, a combi nation quite unique in a German. Heine, however, is half a Hebrew, and that accounts for it. A paper on " The Limited Liability Act of 1855" contains some weighty arguments for the removal of all existing restrictions on the liberty of com mercial association. Among other things the writer urges that such removal would not merely extend and foster among the lower classes habits of prudent saving, and wean them from the de praving taste for betting and gambling, but would also tend to bring them in contact with those who rank above them in the social scale --to their im provement and elevation and the prevention of those ruinous strikes, the occurrence of which is so much to be deplored. The " History of the House of Savoy" supplies the materials for an in teresting paper on which the leading events in the history of that illustrious house are nervously narrated, and justice is done in some mea sure to its present distinguished head, Vic tor Emmanuel 11. " The Sardinian Govern ment," it is justly remarked, " amid all the difficulties thrown in its way by other powers, has maintained its position with a calm dignity which has confounded its enemies and exceeded the expectation of its well-wishers." The difficulties it has to encounter are pointed out, and well grounded hope is expressed that it will triumph antly surmount them, and vindicate in the future the character of a nation distinguished for a singular degree of good sense as well as good faith. A remarkable increase of prosperity has taken place during the reign of the present king,uu der whose constitutional sway the condition of the people presents a striking contrast to that of the subjects of the remaining Italian States—a contrast which cannot be without important remits to the Mr. GoonsoN was sorry such a difference of opinion existed amongst the proprietors, which had had the effect of injuring their property. He denied the statements that had been put forth by Mr. Bruce with reference to the.,manner of obtaining proxies, and said the chairman's committee had received proxies approving of his con duct representing 1,400,0001. He moved an amendment to the effect that the committee of investigation should be dissolved, and that the chairman had fully met and answered the charges that had bean' brought against him. The proxies had been obtained at Mr. Wadding ton's expense. Mr. W. DWG seconded the amendment. Mr. HELPS said that the directors had exceeded their powers, and had misapplied funds, as trustees, without in the slightest degree consulting the interests of the shareholders, no man could doubt. He did not propose to consider this question as to its legal bearings, but by analysing the statements the chairman had put forth in vindication of his character. The chairman had stated they were gaining 450,0001. a year, which, if true, would allow them to replace their capital with interest within three years, and prove him to be the greatest financier that bad ever lived. The fallacy of that gentleman's statement was, that he had taken the gross earnings of the undertaking at two dissimilar periods; the first when they had but two lines of railway, and the last, when they had 200 lines of railway more than at the period first quoted. This increased amount bad been earned by the united body since the amalgamations, and had to be divided amongst the different boards. The hon. speaker then entered into other statements put forth by the chairman relative to the net earnings of the line, the bond debt, the dividend, &c., and then read various extracts from the evidence reflecting on the ch&rman's conduct. In conclusion, he said that, upon the evidence he had read, he found Mr. Wadding ton wholly unworthy of the confidence of the share. holders. The conclusion will be given in our last edition. METROPOLITAN BOARD OF WORKS. Meeting This Day. This morning a meeting of the members of the Metro politan Board of Works, was held in the Council Cham ber at Guildhall, for the purpose of transacting the usual business, and also for the election of proper persons to fill the offices of engineer and accountant to the board. The CHAIRMAN having briefly addressed the meeting and alluded to the purposes for which they had met, called upon the clerk to read the names of those gentle men who bad offered themselves to fill the] office of engineer. _ _ The CLERIC (Mr. Woolrych) then real the names of those gentlemen, which were severally put to the meet. ins, when there appeared for— Mr. Bazelgette 32 Mr.llawlinson l6 Mr. Cox . 4 Mr. Henrick 23 Mr. Freebody 0 Mr. Dixon Mr. Ikin Mr. Booth Mr. Treago The list was then returned to the following four gen tlemen, viz., Mr. Bazelgette, Mr. Henrick, Mr. Raw linson, and Mr. Booth. The reading of the testimonials of the before mentioned gentlemen then took place. Mr. SAVAGE moved that the four gentlemen be now allowed briefly to address the board, and answer any questions that might be put to them. Mr. HOWES seconded the motion. The CHAIRMAN put the motion to the meeting, when it was carried unanimously. . 12 Mr. NICHOLAY then proceeded to read a letter from a gentleman, stating that Mr. Bazelgette asserted that he was resident engineer, and had constructed certain large works connected with the Theme Valley Canal were untrue. A number of members wished for the name of the writer. Mr. NICHOLAY - Mr. F. 0. Ward. (Cries of Oh, oh.) After a short discussion it was determined to call Mr. Bazelgette to address the board. [We shall give the result in our last ealition.] THE EARL GREY EMIGRANT SHIP.—SOTPIA M Iast 24 PTON, Jan. 24.—1 t has been blowing a gale fo r the hours from the south-west. Th e Earl Grey emigrant ship was fastened on to the dock buoy out in the stream. The buoy parted from her moorings during last night, and the Earl Grey, with all the emigrants on board, was driven on the mud at the mouth of the Itchen creek. She was got off by two steam -tugs this afternoon, and is again in deep water. She received no damage. Some oyster vessels broke adrift, and some damage was done to the mall oraft off the Southampton quay. .~~~~ The article tea, of which we import upwards of 70,000,0001b5., does not appear in the French imports. The coffee imported in each of the three years was con siderably more than what was consumed, and the stock at the end of 1855 is one-half more than at the end of 1854. The average consumption of the three years was 228,007 quintals, roughly estimated at 47,000,000113., only a fourth more than the consumption of coffee in England, in which tea is still the principal beverage. Of sugar, too, the consumption was considerably less than the import ; but as a good deal of sugar is made from beet in the country, and some exported, we shall not now venture to institute any comparison between the consumption of sugar in England and France. It is essential, however, to remark that the consumption of colonial sugar was in excess in 1355, and that the stock was in 1855 only 54,645 m. q. against 134,787 m. q. in 1854, and 145,839 m. q. in 1853. Both of sugar and of coffee the consumption increased in 1355 as against 1854, the former to 1,500,000 tn. q. from 1,200,000 m. q., and the latter to 217,200 in. q. from 199,568 m. q. from 199,568 m, q., showing, in conjunction with the increased consumption througout the greater part of Europe, in America, and Australia, a very enlarged market for these colonial products. The dependence of France on foreign agricultural produce, already noticed, is evident ire the increased importation of cattle and sheep and provisions, which is not compensated by a corresponding increase to the exports of these articles. It is curious also to notice the increased import of wines and brandies which is accompanied by a very considerable decrease in the exports. From all these facts we infer that the rural industry of France, which has no deficiency of soil, relatively to the urban industry, is very much in arrear, and that if Government interfere with industry at all its exertions should be directed to improve agri culture. We do not speak of national dependence in a trade point of view as an evil ; we regard it, when strictly due to differences of climate and spontaneous produce, as a blessing ; but for a great country like France, which we know to be most imperfectly cultivated on the whole, to be dependent for food on other countries, and for this to be the consequence of an erroneous policy, is far from creditable. There is one fact in which the English manufactures have greatly the advantage over those of France, and which probably more than compensates for the bounties given by the French Government. The import of cotton, wool, arid silk is here entirely exempt from any duty ; in France they are all subject to duties, and the impo litic imposts are countervailed by bounties. Our Go vernment has done all it could do, and all it ought to do, for our manufacturers, and if they do not continue in advance they can only blame themselves. With re spect to our woollens, it has been made plain by our own Exhibition, and by the Exhibition in Paris, that they are far from perfect. In manipulation, in finish, and in machinery, our manufacturers have much to learn ; and the knowledge that this is the case has given a great stimulus to the woollen manufacture of the Continent. In France the wool imported in 1855, it will be seen, was considerably in excess of the quantity imported in 1854. The same Moniteur which brings us the trade returns for 1855 brings ns a decree for reducing the im port duties on wool. A similar reduction is in contem plation in the United States, and it is highly probable that our woollen manufacture, already somewhat de preciated in the foreign markets, will be exposed to an increasingly severe competition. The lesson is, we be lieve, not likely to be lost on the manufacturers ; but it cannot be too firmly and too often repeated. They must notice, therefore, the reduction of the duty on wool and the increasing consumption of the raw material in France, and be prepared to encounter keen and clever competi tors. The increase in the quantities of coals, bar iron, and cast iron imported, is another noticeable feature in the French tables. Of coals the largest part of the supply, 25,500,000 m. q. is derived from Belgium, and 9,m. 500,000 q. from England. Of bar iron the s ource of the supply is not mentioned : we presume it is principall y derived from England, as is the greate r por 4 rnof the cast iron, 820,000 m. q. in 1855, againstoco m • q. imported indicates 1854. The increase in the various articles nipor4,ed indicates a great increase in the consumption of luxuries and of raw materials, and leads to the conclusion that the enjoyment has been fairly purchased by the increased production of m anufaco g • The exports accordingly— except of every species of agricultural produce, which have decreased—have ge nerally increased in 1855. We will place specimens be fore our readers : E 6.4. . xeonTs OF FOREIGN AND FRENCH MERCHANDISE. . . 1855. 1654. 1853. en gravings, and 11- -- --..-. 15°kt°Iioraphs •• ••••• • M. Q. 17,469 16,516 17, 026 Mac hinery, &C. ...... F rs. 9 , 51 5, 754 7,951,584 11,295192 Millinery •••• • • • • • • Frs. 11,514,423 7,242,269 6,407,001 Soap M. Q. 71,570 66,849 60,760 Salt ... • .. .M. Q. 1,215,563 995,330 946,921 Sugar, refined ......M. Q. 338,994 251,356 181,843 Cottons, White.. .• M. Q. 54,401 38,234 37,270 ~ Printed ....M. Q. 41,900 37,989 36,940 „ Others ......M. Q. 26,591 25,085 29,101 Linen, Cloth M. Q. 24,656 17,809 19,260 ~ Cambrics M. Q. 579 535 713 Woollens, Cashmeres and Merinoes • .M.Q. 35,565 29,060 28,857 „ Others M. Q. 36,036 34,182 34,361 Silks, Raw M. Q. 10,869 6,555 7,585 ~ Woven M. Q. 37,464 34,050 37,066 Glass and Crystals •M. Q. 277,485 256,197 262,818 A small increase in the number of metrical quintals exported implies a considerable increase in the value of books, silks, and raerinoes exported. France, then, is becoming, like ourselves, more and more manufacturing, and she requires more and more to import all kinds of raw materials. These facts incul• cats on her, as they inculcate on us, that free trade is the only safe commercial policy. Her trade and manu factures are rapidly extending, her people are coming MOM aid more to Illy on them to provide the =eau of 812 2 1 124 101 i 6 6 i i i 6 801 791 6 99 983 71 81 87 i 69 8} 41 40i 72 i 14} 10 9 44i 61i 60 201 5i i i 64 2 3 18 171 all all all 1.00 181 Wilts&qo narst PREFE Aberdeen— Do. N 0.2, 7 p Do. Debentures Blyth and Tyne 10 per o. pref. (issd. at 501 Brie. & Ex. 4 p. c. St. Do. 4 p. c. Shares Caledonian £lO Cher. &Ho. Gn. 5 i pc Do. do. Prof. No. 2., Do. do. Pref. No. 2 Cork &Bandons c, Dun.Prth .& Aber.J. E. Anglian Cls. A Sh. Do. do. Cls. B 6 p. c. Do. do Cls. C 7p. c. Eas. Co. Ex, spc No. I Do. No. 2 Do. New 6 P. c. St. East Un., G. 6 p. c. Do. 51. 10 per cent. Do. 10t. Debontr.Sh. Do. do. 4 per cent... East Lanco,sh.6 p. eta E.&W. York. J. sths Edin. & Gl. 5 p.c. sh. Ed Prth.&Dun.4p.c. Furness Chas. & S. W. G. 5 p. c Groat Northn. 5 p. Do. 5 p. c. Redeem. at 10 p. c. prem. Do. 4i p.c . Do. 5 p. c. Scrip, Red. tt 5 p. c. Pm... Gt.N.of Scot. let Pre Gt, S. W. (Ireland) Do. 4por o. Pr.? Gt. W.(B. '4.FI. lrytipo . Do. con. red. 46 p.e. Do. eon. red. 4 p. c. Do. irred. 4p. c, . . o. 5 p. c. red. pref. Do. do. do. Do, Birm, Pref. Sh Do. Chester 8 p. c. P.S . De. do. 5 p. c. do Do. Birm, Gua. Stk Do. Ches. Gua. Sh„ I Do. do. do Do. do. do ....... Lan. &York. F. £2O Do. 6 p. 0. Stock .., Lon. &Brigh. G. 5 p.o. Do. Pref., 5 p. e. St Do. New Guar.6 p. c Do. do. 5 per cent Lon. &N. W., Cov. & Nuneaton 5 p. ct Lon.& S.W. 7 per ct Londy. & Coler, i Sh Londy. & Ennis. . S Ni.,5.,& L. ,New,lP/ Do. .£8 Aarypt.Stearl.4 p o Do. 4 per cent Do Vlid. Cousol.6 p.e.St Do. Con.Br.l3:r. 6 p Do. 4i p. c. Pref. S: Do. Pref. 4 per ceo , Do. 51. Pref. 4 p. c Ditto L. & H. Pref. Si New., Aber., &c., pr. 5 p. c. red. 5 p c, pm. Norfolk De beatnrh Do.Praf. 4p. c. St ck IDo. 5 p. c. Est 54 per ct. pref... Do. Way. Val. 5 p. c. North British IN. E. Berw, 4 p.c P do. do Do Leeds 6 p.c IDo. do. Quarters ... Do. York & Poor, North Staffordshire. Os,Wo,'tW.lsl6pe ,Do H. Pref. 101. Sh. Soot. Cent. ,New Pro !South Devon Do. fixed, 44 per cent S. Eastern (Roadinv Ann.) of £1 Os. 6d. Do. 4i por cent IDo. Fixed 4i p c S. Wales Gua. 4 p. o. Do, do. 41 p. c.... S. Yorksh.4p.c.Guar. Stock. & Dar., 5 p. c. ,Do. do. (lg. Stock. & Rani. g. 5 Nc. till July 1, '56 Vatertd. & Kilk. 6 p MINES. St. Qt. St. 25 100 All 100 Itoo 100 'lOO 100 100 100 100 100 Lot LOO 100 luo all 1 all A.gnr. Fria .. ... 1 all .nglo Austrin. Sold 10w all Anglo Californian 20 61 kustralian 1 ali Australian Cordillera - 1 all Ive Maria .• ••• 1 all Baden (Gd.Dnehy of 50 all 111cenar. Iron & Co& 20 14 British Iron 4 6 35 26 Brazilianlmp.(issued at £5 pm.) 30 all Do. Cocaes & Caiab 4 1 4 21 20 15 Do. St. Johr Del Rey 27 29 1 Clarendon Cons. Min. Co. of Jamaica 4 OR 4) all Cobra Copper 6B lz 5 1 Oolonial Gold — St. all , riopper Min. of Eng 34 37 25 all Do. Prof. 71 p. cent. 25 27 . . 1C Jopiapo l9 20 20/ 20 11 Fortuna id p 20 all Genczal l4 —l6 1 all Gt.linggetVeinßeg 4 1 4/ all Great Polgooth . 11 —2/ 5 all Gt Wheal Vor United 1 • id 1 i all Liberty 3 all ,Linares 7 74 5 11 lusitanian — r 1 all Hariquita .. . ..... 1 all Now Granada 1 all Nouveau Monde 30 all Pontgi•Sil. & Le• Min ll 13 5 1 Port Philip 1 all Quartz Rock 60 all Rhymney Iron 2O d 15 all Do. New 6 8 z d 30 134 Santiago de Cuba 3l -v3l ... 6s. Sort. Cons. Min. Co. 21 1 1 all iouth Australian g 1 all Do. Scrip 1 4 Do. 10 per cent Pref . . 44 Tam. S. &L. Min. Co. 10 9 Pin Croft ...... . 4/ —4i 281 all U n it e d M ex i can 31 4f 1 all Waller 1 1 all West Mariposa — I 1 12s. Worthing Mining 01 Australia 1 nal Yuba. ••• N. MISCELLANEOUS. 26 19 Australian Agricult. 25 27 25 ie all Australn. Royal Mail 10 all Berlin Water Works 6) 71 50 40 Brit. American Land 4 go 100 324 Canada l3l 136 134 St. WO 0.G0.6p.e. Jan&Sub 1.07 108 1074 St. 100 Do. 6 p.c. Feb & Aug St. 100 Do. 6p. c. Mar & Sept . ad Crystal Palace .24 2d 21 5 all Do. Preference 4l 44 4 all Crystal Pater France ... 1 1 Duston Iron Ore ... 20 13 Eastern Steam ••• •• 11 2155 all n a l l l l EE Electricin; e d r l A a u s T T C e e i l o e e p g g r a . S o m p f Te legr a ph Ir.. o ? 1 . 5 all Gen. Iron Sc Collier - 16 14 Gen. Steam Navigat. ••• 18 all General Screw Steam ••• 14/ 20 10 Irish Beetroot Sugam ••• 20 10 Magdalena St. Navig 10 all Moditoran. Else. Tel. 8 10 10 9 Mexiean&S.Americn. 51 6 54 1 1 all Nat. Pat. Steam Fuel 10 5 Netherlands Land 1 14 10 all Do. Do. 5 2 Do. pcP iss at 1 d 4 id 100 80 New B. & N.S. Land 18 22 1 all N. B. Australasian 4 • 20 15 Nrth. of EuropoStaan3 1 all Oriental Gas 1 14 1 2s. Do. "New Shares" all Peel Rr. Ld. & Minrl. 21 21 50 all Peninsular& Oriental 61 2 50 10 Do. New 2 all Portland Iron Co ••• ••• 100 60 Royal Mail Steam 1 all Scot. Austral. Invest. 14 - 11 1 4 Ditto New I ip 25 all South A ustral. Land 35 -- 36 i a ll Submar. Tel. Scrip 1 'lO all Do. Reuistered ..- 1' 5 !irest& Co.U.Car , . IQO 281 Vas Dis•ni•Te. 181 14f ••• V.Go,6p,c.Jan&July 110 4 134 3i i Pm pm 91 120 4 1311 5 li din subsistence, and there is no alternative but to Mawr° a 1 1 legislative obstacles out of their path. The navigatio❑ of France was as follows : ENTERED INwelms. Freoch. Foreign. Total. Tears. Ships. Tonnage. Ships. Tonnage. Ships. Toning.. 1853 .... • . 9,210 1,065,688 11,569 1,685,011 20,799 2,750,09 1854 .. 9,307 1,131,702 10,982 1,606,837 20,289 2,73a,639 1855 ...... 9,574 1,247,451 13,442 2,057.313 23,016 3,304,765 'ENTritrai oarwattaa. 1453 .. .•• • 6 625 796,350 8,856 1,058,315 15,481 1,854,665 1854 .. .• .. 5,726 796,713 7,919 1,059,592 13,645 1,856,30/4 1855 5,756 934,591 5,054 1,100,057 13,810 2,034,655 The navigation, therefore, has increased since 1853. Taking the aggregate tonnage, both inwards and outwards, it increased between 1853 and 1855 about 16 per cent. ; and the French tonnage in the interval in creased rather more than the foreign, 17 per cent. against 15 per cent., though the foreign tonnage em ployed in the French trade exceeds the French tonnage by about 48 per cent. It is satisfactory, we think, both to see the French tonnageinoreasing and foreign tonnage so largely engaged in French t ra d e . It i s t oo pl a i n t o need any illustration, that ships are that part of every maritime nation's capital and industry which it can most easily lend ; and though prejudice has at most times raised an outcry against foreigners carrying on other na tions' trade, it has latterly been made abundantly evident that it is by the carrying trade, or by lending ships and seamen to nations little advanced, that nations further advanced perform for them the most essent i a l serv i ees. Our conclusion on the whole is, that nations advance together—that each as it advances must help the others up to its own level in order to advance fu r th er i tself ; and we can only see in the extension of the trade, sa r i• gation, and manufactures of France a means of farthe r extending our own manufactures, trade, and navigation. Whether the trade of France have been largely or only poorly profitable we have no means of knowing. 'Twig. ing, however, f rom th e hi g h ra t e o f mone y which h as prevailed in F rance , as i n E ng l an d, an d th e general high price of food and increased national expenses, we are in clined to conclude that the trade of France, like that of England, has not been largely profitable. It is probable there has been little or no saving of capital to meet fn. turn contingencies ; and consumption, the result in part of much speculation, has, on the whole, fully kept pave with production, if it have not exceeded it. Should that turn out to be the case, we may learn from the facts we have stated that it is the coasesuence purely of the domestic policy and domestic conduct of the people. The trade of France, like the trade of England, has suf fered very little interruption by the war, and was, ill fact, much larger in 1865 than in 1853. AMERICAN SECURITIES. Messrs. D. Bell, Son, and Co. report a decided improvement in tho market for American Secu rities, and a general advance in prices. Present prices are as follows : GOVERNMENT SECURITIES. xedeentable. Per Cent. United States 6 per Cent. 1867-1868...104 United States 6 per Ceit. Bonds 1568...104 STATE SECURITIES. Alabama 5 per Cent. (Sterling Bonds) 79 Maryland 5 per Cent. (Sterling Bonds)... ... 90 Massachusetts 5 per Cent. (Sterl. Bonds). ...100 Mississippi 6 per Cent. Pl. Bk. Bonds lB4l-1871... 43 Mississippi 6 per Cent. Union 1k Bends ... 16 Pennsylvania 5 per Cent. St.ok Pennsylvania 5 per Cent. Bonds 1877... 80 Virginia 5 per Cent. (Sterling Bonds) —llBB 83 Virginia. 6 per Cent. Bonds 1816... 66 CITY IIIEftJAITIES. Boston i per Cent. Bonds (Divers) 9O Montreal 6 per Cent. Bonds 1856-1866... 83 New Orleans 6 per Cent. Steck 1883... 77 RAILROAD BONDS. Illinois Central 7 per Cent. let Mortgage, not Convertible 1875... 77 79 Illinois Central 7 per Cent. Freeland Bonds 1860... 82 84 Michigan Central Bp. Cent. lB6l_ 93 95 New York Central 7p. Cent., Convert 1864... 81 96 New York Central 6 per Cent., not Convertible 1833... 81 83 New York and Erie 7 per Cent. let Mort gage 1867... 91 100 New York and Erie 7 per Cent. 3d Mort gage 1883... 14 $6 N. York and Erie 7p. Cent. Convertible 1862... 75 77 N. York and Erie 7 per Cent. Sinking Fu❑d 1875... 80 81 Panama 7 per Cont., Ist Mortgage (Ster ling:. Bonds), net convertible 1859... 92 93 Ditto ditto 1864... 85 Pennsylvania Central 6 p. Cent., Ist Mort 1880... 87 $0 MARKET NEWS.—(This Day.) CORN EXCHANGE: Very moderate supplies of English wheat have been re ceived up to our market this week, coastwise and by land carriage. The show of samples in to-day's market was small, and much out of condition, yet the demand was is a very inactive state, at Monday's decline in the quotations. Foreign wheat, the imports of which are only 660 quar ters, was very dull, and to have forced sales lower rates must have been submitted to. In floating cargoes eery little was doing. Barley moved off slowly, yet prices were supported. We bad a very dull inquiry for malt, on former terms. Oats were quite as dear as on Monday, with a fair de mand, but beans, peas, and flour were very dull. Lnglish .. Irish •• •• Wheat. 2,140 } I Foreign 1 660 ARRIVALS TRIM WEEK. i Barley. } Malt. ?,790 3 490 - I - Ostg. Flour 2,1 S 9,010 11,130 — l69osks . 1,190 1 brls. METROPOLITAN CATTLE MARKET. The supply of beasts in to-day's market was limited, but in fair average condition. All breeds were very dull in sale, at Monday's currency. Although the numbers of sheep were small the mutton trade ruled heavy, at barely stationary prices. The few calves on offer moved off briskly, at an improvement in ♦alue of 6d. per 81bs. The best veal was worth 6s. per 81bs. Pigs were very dull, and lower to purchase. Milch cows moved off heavily, at from 131. 13s. to 181. 10s., including their small calf. Per Sibs to sink the offal& s. d. s. d. s. 4. e. d. Inferior Beaste....2 10 to 3 0 PrimoSouthdown 4 2 4 8 Second qual ty.... 3 2 :1 6 Large cm. calves 4 8 5 6 Prime large oxen 3 8 4 0 Prime small do 5 8 6 0 Primo Scots, &c. 4 2 4 6 Large hogs Inferior Sheep ~.2 10 3 2 I Small porkers 4 4 5 Sceond quality ...3 4 : 3 8 Stickling calves 22 0 2$ 0 Prime crse.-wlled.3 10 4 2 Qaarter old pigs 20 0 27 0 TOTAL SUPPLY. FOREIGN 1317PPL7• Beasts .. • ......... ...... 1,004 1 Beasts.... •• •• ....•• ••.. • 110 I Sheep .. •••..•••• .. •• •... 3,100 Sheep .................... An Calves ...... ••..•••• • • .. 105 Calves..•• •....• ........ 22 Pigs ..•• . ..... •• •• • • •... 305 rig 5............ •• .... •• .. NEWGATE AND The supplies of meat wei heavy, as follows : Per Sibs by LEADENHALL. a good, and the trade ruled B. d. B. d. Beef, inferior 2 8 3 2 Do., middling 3 4 3 6 Do. prime large 3 Si 3 1• De , d©. small 4 0 4 2 Fork, large .3 4 4 0 the carcase. v. d. s. d. Mutton, Inferior 2 8 3 2 Do., middling 3 4 3 8 Do., prime 3 10 4 4 Veal 4 0 5 6 Pork, small 4 2 4 10 BOROUGH HOP. There is very little change to notice in the value of any kind of hops. The supplies are good and th e d eman d i s s t e ady. The imports this week are 20 bales from Ant werp. Mid and East Kent pockets, 3/ lOs to 61 10s per cwt ; Weald of Kent, 31 5 s to 5/ Os ; Sussex, 31 Os to 4/ 153. COLONIAL. TEA.—The market has been quiet, with no alterations in prices. Common congon has realised 9id. per lb. SUGAR.—An improved demand has prevailed for West India, and a large business has been done at higher rates. Brown Jamaica to mid yellow Antigua brought 408 to 44s per cwt. ' • Rio Grande sold afloat, for Hamburg, at 278 ; Paraiba, 26s 3d ; Pernams, 26s Gd ; Barbadoes, low mid to good pale yellow, 44s to 478; grainy, 468 6d ; low to fine yellow, 448 to 495; Mauritius, good grainy yellow, 45s ; low brown 33s 6d to 355, and a few lots of better quality 35s Gd to 37s Gd per cwt. Bahia, white, 43s to 46s for low to middling, and brown low soft to good bright 378 to 418. Manilla, 42s per cwt. There has been a good business done a s n 2 d s 6 r d a t le for in refined ; brown lumps realised 53e to 53e Gd per cwt., and Settlers 54s to 55s 6d per cwt. ; ine Barbadoes, 41a to v P iz i . aii s t i a s ti 6 o ti n has also ex. 41s Gd per cwt. English crushed for the Levant, 36a t o 36s 3d per cwt. COFFEE.—Native Ceylon has been firnier to , hgoigohde and r i i prices irTs forh av have ibeenSee audrefil ordinary.ised, perienced a brie eraordinary small to mid bold dull c oloury Ms 6d to 625, and. triage 568 to 57a per c ` . ThelticE. market has b een fi rm an d h o ld ers as k ra th er advanced prices. Bengal brought 14s for good muddling. SineEs.--repper has ratter declined. White Pinang good middling to bold sold at lid per lb. Cleves have been dull and with little or no demand. Zanzibar dark to middling bright 5W to 54d per lb. COCIIINIAL.—There has been a steady demand, and prices have remained firm. Teneriffe silvers brought 3a 741 to 3s 9d ; blacks 3s 11d to 4s 2d, Hondaras silvers 3s 6d to 4s per lb. SALTPETRE has been in fair request. Bengal 81b re- fraction sold at 32s 6d, 51113 refraction 365, Bombay ordi nary 4711bs refraction, 22s for ordinary. TALLOW has been quiet. P.Y.C. on the spot has sold at 58s 3d to sgs 9d per cwt. TRH LICENSED VICTUALLERS' &WOOL—The anniver sary ball in aid of the funds of this excellent institution commenced last night at the London Tavern, shortly after 8 o'clock, and did not terminate until a "late" hour this morning. The great hall, the new chromatic decorations of which look exceedingly w ell by candle light, was filled to overflowing, aid the dancing w as kept up with indefatigable energy. The arrangements for the comfort and refreshment of the g uests, under the direction of Mr. Funge, were well devised and satisfac• tory, and the secretary;Mr• Smalley, was most assiduous in his attentions to all. Adara's band was in attendance, p. -room, and played a good selection o f the newest quadrilles, waltzes, and polkas. The number of p erson s present have t m h u at st the greatamounted roo m , to nea rlyua r 140 0 00 0 , 11 a n , and the adja cent certain it is the cent ante-rooms, were cro wded ,to the d oors. I t appears from an o ffi cial " address put forward on the occasion, that the financial state of this institution is, unhappily, far from prosperous, the total subscriptions last year having fallen short of 1,3.0/., of which sum (1,3401.), the licensed victuallers themselves contributed less than 7001. An earnest appeal is therefore made to the libe rality of all the members of the trade in behalf of an in stitution which has so many and just claims to their support. It should also be stated that extraordinary exertions have been made since last May to increase the n umber of ladies' life subscriptions of 5 guineas, and that out of 100, for which an appeal was made, 80 have been responded to. gat nd nd -of pee di hat It& be 'leo ul zy d , du .cu mnd ec., 260 n d - 4 it ,642 red ate 6 'and for es ; %I 1 I all !. 20 5 20 18 .10 25 215 1.00 20 20 16 20 100 100 100 20 20 100 50 100 100 20 50 20 25 26k 9 8i 2i 2 9 81 201 i x in a in 100 all } 100 100 1 100 100 100 100 100 10G 100 all all all FE4EO IF F"