The Sun. — London, England, 1857-11-27 00:00:00

_ THE SUN, . LONDON, 111111.---____.....- ......... SitikE..:'; la la ;.:::cs--k i rhis Day. LINES LEASED AT FIXED R.ENTA. LS. MONEY MARKET ______.- Shr. Paid }wawaYs. R A ILWA YS. Leasing Closing Prices Business Companies. this day this day I Closing rce , s Business done -- - ----- - -- "" 1---- AND ---- COMMERCIAL INTET.T.TGENCE. Shr. Paid RAILWAYS. y esterday. this day. St. 100 , Buckghamsh. Ln.&N.W. 90 - 92 St. 100 Clydesdale Jc. Caledon ... 93 - 95 ....___ • - --- ' n- 25 all Col.Stour Vy. E.U.dEB.O 12 - 14 CITY, Two o'CD:wit. 123 10 Ambg. Nottng. Boss. 5 St. 100 E.Lin. g. 6 /Le Gt.Northn 128 - 13 1 & Eastn. June.... 4 i - 5 3 5 all E. Un. 11. Sh. E. Count. 3/ -31 The Liverpool Cotton Market yesterday closed 50 all Belfast & Ballymen , 8 - 83 St. 'lOO Glas. Barr. & Caldonian. heavily, and values were without any material isi an Birrang. Wolverla .• Noils.Diroct. Stour Va11ey......... 623 - 63: St. 100 Do. New Do - a.. alteration. The sales were estimated at 3,000 25 all Glstr.&Dn.Fr. Gt• Wests ..„ - ... St. 100 B ch irk e e s n h h ir d e . j La un n a cs t b. A ... ...... ..., bales, 500 of which were taken by the exporters, 50 all lull a sena . Y. & N.M. 101 -10 G 25 all B'ack bum ~......... si - • 9 4 and 300 by the speculators. The Railway Share 25 all Myth & Tyne original 25 all Do. 3 Shares Do 123 all Do. 1 Shares. 'Do - .... - . Market manifested a steady appearance, and prices £ 25 ( iss. at £45)... ••• - ... 121 all Lon.&Greenw S.Ea.stern. 12 -13 St. 100 Bristol & Exeter__ 83 - 85 83 slightly i m p r oved. St . 100 C a l e d on i an . 76 - 763 75/ 16 51 20 all Do. Preference Do 2 23 - 23 3 St. 100 Chester dr Holyhear 29 - 31 303 St. 100 Lon. Til. &S. Pete &Co B9 - 91 90 Although the business transaction s this week in ' 10 1 91 Do. Bark. , Sh. Do 1 - 3 c Foreign and Colonial Produce have been very mode- 50 all Cork and Bandon. . 7 - 9 53 all Manch.Baton. LaadiN.W. 20 all Cork, Black. & Pass. ••• - ••• rate, the quotations of most articles arc getting and Matlock & Midld. 2/ - 23 20 all Cornwall 3 - 5 St. 100 Mdld•Bradfd, Midland_ 89 - 91 More settled, and the importers seem disinclined to 10 all Do A - -. 611 51 Newmarket force sales at lower rate s . All descri p tions of au- 10 8 Do. B •.• - •••1 BuryE.G.spc, E. Count.. id -4P 50 all N.&Est.s p.c. Do 50 45 Dublin&BelfastJune ••• - --•d 54 - 56 gar are steady, and there is more d sposition OU the part of the trade to make purcha-es. Cr. , ffee is 25 all Dun. P. &Aber.Junc. 76 - 8? 8.3 St. 2 l a 1 0 0 1 E E a a s st te A rn ng c l o ia u n nii; ....... 17 -18 50 all Do. 6 per et.. Do ... - ... • - ••• arca, tea at public sale has been disposed of at a - 51 - 55 53 141 St. 100 BasternUnion,A.stk 42 - 44 2550 allall prDoe.tiFt.ixdredwsypr.ec L. &11. is . Iv. ... - ... 123, all Do. 3 Shrs. A Do - -. small advance, but rice -is rather lower. In the Si. 100 Do. do. B 27 - 30 . ..... ....... St. 100 Roystn. dr Hit. Gt.Northn 125 - 130 . , other staples, there is no particular alteration, but 25 83 'Do. ' New A ••• - - 10 ' all Shrews.& Her T. Brassoy 73 - 8 25 172 East Kent 17 - 18 12 a ll S. Staffordsh.. M. MCloan 83 - 9 the tone of business has improved, and if discount St. 100 ]E as t Lancas . h • ir • e •• • • ••.... 86 - 83 50 all WearVaLg6pc Stk.diDar. _ - a " &accommodation is obtainable upon easier terms, a 20 all East Suffolk ••• '" - 25 all IDo. - 32 , steady improvement will no doubt take place. 10 4 Do. - 60 59 ••• St. ilOO !Wilta&Sonarst Gt.Westn _ St. 100 Edinburgh& Glasgoe 68 - Tallow is heavy, and the public sales of wool are 0 all lEdinb. and Peebles ... - ... PREFERENCE SHARES. . : proceeding with less animation. St. 100 Edinb.PrthalrDunde 26 - 27 25 all Blyth and Tyne 10 P. 0 all ForthandClydeJunc. ••• - ••• c.pref.(isscLat 50/0 ... - - ... No failures of importance were announced yes- St. 100 Furness .. . ••• - •'• St. 100 Bris.&Ex.4 p.c. St. 89 91 ... ....... ferday, and a quieter feeling prevails in conse- St. 100 ,Glasgow& S.Westorr 88 - 90 20 5 Do. 4 p er c. Shares.. ... - ... 10 all Great , N. of Scotland, 9 - 10 St. 100 Caledn. £lO 43 p. c, 90 - 95 • quence. If these disasters are henceforth of less St. 100 Great Northern 9O - 91 903 1 St. 100 Ches. & Ho. 5 1 p.c. ... - ••• frequent occurrence confidence will soon become St. 100 Do*, A. Stock .....76 - 78 '76 St. 100 Do. do. 5 per cent... ... - - _ !, 1 St • 100 Do.,i B. Stock ..... 6.1 all Cork &Bandons3p.c. .. - •.. s l2O - 122 stronger, and although there is every reason to 0 i 1 91; -98 t. i 100 Gt. Sth. &West. (Ire. ,6) all Dun.Perth.&Aber..T. 51 - 61 believe that several houses will succumb during St. 100 Grcatwestern. ... 49 - 50 4 9 3 1 St. 100 E. Anglian Cls. A Sh. ... - -- St. 100 Do. Str.V.R. guaii 55 - 60 St, [OO Do. do. Cls. B Op. c. 105 - 110 the next month they are generally prepared for it. 1 , At the same time gold is steadily flowing into the 12 all llrioh South-Eastern. ••• - ••• St. 100 Do. do. Cls. C7p. c. 108 - 115 St. 100 Eas.Co.Ex,sp.cNo.l 101 - 107 Bank, the return. to be issued to-night will, no 5C all Lancasteri &Carlisle. 72 -7674 33 161, 14! Do., Thirds 7 - 8 ; St. 100 Do, No. 2 lO2 - 105 101 3 • • 1.6 i! 12 Do. New Thirds 7 - 8 ; St. 100 Do. New 6 pr. c. St 119 - 122 1181 . . . doubt, show a marked improvement, and the autho-20 all East Un. G. 6p. c. ... - ... Rhin will avail themselves of the earliest opportu- 5 16 t; ' 100 6 Do.,Li•ca d s o h . . & F Y l or l k 6 shi : r . •, . . 873 - - 90 90 89a 11 3 5 all Do. 51., 10 per cent. ... - ... 3 4 Do., Wst. Riding Un • • • - • • • 10 all Do. 10/ Debentr.Sh. ... - ••• i: nit ) . to gran extended accommodation. It is desir -20 all Do. Southport...... ••• - •a• St. all ,Do. do. 4 per cent ... - ... .e . ', able that they should not act precipitately, but as a 113 all London & Blackwal 5i -OR St. 100 East Lancash .6 p • cts ... - ... 1. .. reduction of 1 per cent. in the minimum would give 5 all E.&W. York. J. sths ... - ... St. 100 Lond.Bright.&S.Cst 103 - 105 1023 31 10 9 Edin.di Gl. sp. c. Sh. ... - iniMenee relief to all denominations of traders, they St. 100 London &N. Wester 94/ - 94/ 941 B L i i 20 all Do. Fifths - ... St. 100 Ecl.Prth.&Dun.4p.c. 65 - 67 I Will no doubt make the concession as soon as prac- 10 all D0.,10/.5h.,Mdr13...( .. - ... St 100 Furness, sp. c , ... - I.” 1: ticable. Specie is coming forward from Australia, 123 5 Do. Eighths iie 3 St. 100 Glas. & 5.W.G.5 p.c. - - ... i . 100 London & S.Westen 863 - 873 861 76 3 71 St. 100 Great Northn. 5 p.c. 114 - 116 and before the end of the year the importations 25 I all Lndndrry.&Colerain. - - ... 25 , all Lededrry. di Ennisk • - ••• St. 100 Do. sp. c. Redeem. ••at 10 p. c. prem.... 108 - 110 Will probably represent a large total, the greater St. 'lOO Manch.Sbet&Lincln 35 - 353 35 44 51 5 St. 100 Do. 41 per cent..,.. 100 - 102 1013 • Part of which is likely to find its way into the 10 1 Metropolitan : o. - ... 100 60 Do. 5 p.c., Red. at 5 ' Threadneedle-street vaults, the requirements of ex- 10 1 Do. J. L. Ricardo's p. C. prem. - 62 i sorts being very moderate. st. 100 ,lidland ar - 103 20 18 Gt. S& W. (Ireland) ... - ... The Banks of France have taken the first step St. 100 Do. Binning. dr Derb 55 - 57 Y 20 18 Do. 4 per c. Pref. St. ... -• towards a relaxation of the restrictive policy which SO 1 all Midland G.West.(lr.) ••• - ••• 50 6 Gt.W.(B.&H.E.x.spc 54 - .6 t has been forced upon them. Bullion has rapidly 25 all Do. 5 Shares . ...... .. ••• - ••• 100 ,' all Newcastle &Cailisle ••• - ••• St. 100 Do. con, red. 43 p.c. 85 - Si st. 100 ,Do, con. rod. 4p. c. 80 - 82 I: accumulated in their vaults, and the pressure for 25 ' all Newpt•AbergatHrtd. 12 - 13 St. 100 Do. irred. 4 per lent. 81 - 83 r, discounts has diminished. The Council have there- I - 50 : 9 Newry & Enniskillen ••• - ••• St. 100 Do sp. c. red. pref. 92 - 94 973 11.20 i all Newry, Warrenpoint 8 all Do. Birm. Pref. Sh.. 9 - 93 g fore reduced the premium on gold to 5 per cent, per 1 & Rostrevor arrangement ... ..... ... ••• - ••• 10 all Do.ChesterBp.e.P.S. 153 - 1 - 63 St. 100 Norfolk.. 55 - 57 L , Mille, and the terms of discount are lowered from 8,10 all Do. do. sp. c. d 0.... 9/ - 91 li; 5O ! 33 Northn. Counties Un 31 - 3.1 9, and 10 per cent. to 7, 8, and 9, according to the date st. 100 North British 261 all Do. Chesh, Gua. Sh, 173 - 183 e of the paper offered for discount. The council have St. 100 North Devon, Rail. & 133 all Do. do. do 9l - ita 1, , 131 - 13 a been actuated by a desire to give the mercantile Dock Stock ..• -•- •.. St. 'lOO Do., A Stock ......... ••• - .., 20' al Do. do. do St. TOO Lan,& York. 6 pc.St ... - _ public die benefit of their improved position, and St. 100 Do,, B Stock - •• St. 100 Lon. &B.G. 5 pc. No.l ... - ... t, ' the effect on trade will no doubt prove exceedinelv St. 100 N.Eastern - Berwick 913 - 923,913 212815 2 1 St. 100 D0.,P.,5p.e.5t.N0.2 ... - ... rt. , beneficial. - - 25 all Do. do. Extension ~. ••• - ••• 25 ' 16/ Do do. G.N.E.Purch. 23 - 2 a 24 St, 100 Do. New Guar, 6p.c. 130 - 135 135 St. 100 Do. do. sp. c,, N 0.4 110 - 113 , i About 30,0001. in gold, partly French and Rus.. . 50 all IDo. Leeds - 49 471 9 St. 1 100 Lon. & N.W., Coy. & 0 like, was taken into the Bank yesterday. St 100 Do. York 791 - 803 784 80 79 Naneaton sp. et_ ... ••• ♦ St. 1 100 North London 92 - 95 St. 1100 Lon. & S.W. 7 porct. At the last meeting of the Scinde Railway Corn- 10 341 N. &S.Wstn., Hamp- late 3d Shares ... 155 - 160 ci Pany, a postponement of the allotment of the shares 1 stead, and City Jn.. ... -• • • 123 all Londy.& Color. 3 Sh. ... - ... 1 20 173 North Staffordshire.. 43 -4/ 13 3 123 all Londy.&Ennis. 3 Sh. ... - ... , its the Indus Steam Flotilla was agreed to by the 20 all North Western........ ... - ... St. 100 M., S.,&L. 6p. Cent. • ••• - ••• Sa • . 10 all N. & S.Westrn. June ••• - ••• 6 43 Do. do. do. £6 ... .. 8 - h Chu and a prospectus is now issued by which t St, 1100 Oxford Worcester & St. 100 Do. do. 31 per cont. 60 - 63 e the remaining shares are offered to the public, a Wolverhampton 29 - 31 283 91 123 all Marypt. a Carl. 4 p.c. ... - ... ' Preference, however, being given to such Scinde 20 16 ,Portsmouth 8 - 6 d 12; all Do. 43 per cent - ... 10 10 Rh mnc - ... Al shareholders as may have been from absence St. 100 Scottish Y Central ...... 103 - -- 105 - St. 100 llid.Consol.6p.c. St ... - ... 4 or ether causes unable to take advantage of St. int) Scot. N.E.Abrdn. St 213 - 223 22 St. 100 Do. 128 - 130 • the option originally given, of having one St. 100 Shro p shire Union ... 68 -70 st. 100 43 p. c. Prof. St. 94 -96 931 4/ 10 6 Sitingbounie &Sheer 4 - 3 i! St. 100 Do. L. &H. Pref. St. 83 - 85 if Latta Steam Flotilla share for every two Scinde 50 100 South Devon . 32 - 34 10 all New.,Aber., &c., pr. ir ' Railway shares. The capital required is 250,0001., St. 100 ,South Eastern 62 - 63 623 5 p.c.red. sp.c.pm. ... - ... 10 all IDo. 43 sera .Sharer . - d 10 all Do. Perpet. 6 pr. et. 101 - 101 Lit 201. share! , s,nd the deposit is 1/. per share. A r , St. 100 'South Wales 7B -FO x lO all aTorf k . Deb. 4lac.si a _ - a guaranteed rate of interest has been given by the 20 all S. Yor k s h . River Dur, 12 -14 St. 100 Do. sp. c. Ext. 1846 ... - • ... a ' East India Company, viz., 5 per cent., being the 20 10 Do. - 6 d St. 100 Do. 53 p.c. pf , 1847 ... - ... di I lame as that granted to the Scinde Railway Com -20 all Staines,Wok.,&Wok. 9 - 11 St. 100 Do.Wv.V. s p. ~1 847 ... - -. 25 all Stockton & Darling_ 36 - 38 St. 100 North British 99 - 101 100 t. pany. The undertaking is likely to result in a rapid 25 15 Do. do., 1854 - ~ ••• - ••• ) 1 development of the Indian trade, and not the 25 5 Do. do,, 18 5 5 - -. St. 100 N.E. Born-. 4 p.c.Pri.f 8 • 9 -- 91 90 89 8 slightest doubt can be entertained of its success. ... 16 Stockton & Hartlepl ... - _ 17 85 Do. do. do l3 - 1 • 4 . Local authorities not only approve of the project, St. 100 Taff' Vale ••• - ... St. 100 Do. Prof., No. 1 ... - ... 20 13 Do. Leeds 6 pc. No. 1 ... - .. 123 9 Do. do. Qrs., 1848_ ... - but consider that it will be found highly remun e- **jel ay. P. 25 22 Thames Hay. D &R. ... - ... 20 all Vale of Neath. ..... - 203 25 10 Do. York IL&S. Puri 1 - 4.1 20 all North Staffordshire.. 213 - 226 There has been a buoyant market for English 20 all Waterfd. & Kilkenny ... - ... St. 100 Ox., Wor. & Woly. 6 i'' . securiti es , and the improvement which commenced 50 all Waterford&Limerick ... - ... p.c. Ist guar. lO3 - 110 110 isisterday has made further progress. Numerous 20 all West C0rnwa11........ ... - ... St. 100 Do. 4. c. 2d guar 99 - 101. 100 99 11;,St. 100 Do, do. Debentr. St ... - ... Purchases have been effected for speculative pur- 10 all West End of London 7 ... 4 and Crystal Palace.. - to 83 all Scot. Cont. New Pref. .. - .. 4 _ P‘iii as well as for investment. These have been 5 all Do. A - 106 106 7 opted by the improved prospects of the Money 5 all Do.. B - 53 St. 1.00 Do. do. 7 p.c. pf. St. ... - ... ; 14 -Atk Of 44 ; and the recovery in the general position 20 all West London , ... - ... St. 100 Do. d 0.33 p.c. pf. St. 65 -70 °L , the i v t ... Bank of England. Tho measure adopted 10 all Do. First Class - . 25 all South Devon 93 - ICI 10 t he s "- Bank of France has also tended to impart ad- 20 all Do. Second class... ... - ... 10 all Do. fixed 43 pr cent ... ••••• Is 10 all Wmbledon &Croydon ... - ... 1.0.6 all S. Eastern (Reading ditionel. firmness. Several operatione have been made , Ann.) of £1 Os. 6d. 21 - 22 the l7/.c onnection with the January account. Owing to .rise BRITISH POSSESSIONS. St. 100 Do. 43 per cent - .•• a St. 100 Do. Fixed 43 p.c. Sh _ - in .prices during the last few days, some WO all Atian. and St. Law. 1 ... •-- ••• ales h h , have been made in. realisation of profits, which 18 9 Bombay, Baroda, and i St. 100 Do. New 43 pr. cent ... - ... Cen • lnd,guar. 5 p.c. a - a 93 i St. 100 S. Wales G ua. 4p. C. ... • - ... a " Occasionally produced momentary symptoms of g e e St. 100 . Do. do. 43 p. c • - ... b,„ - u n9311 . Consols have been soi to 91 for 18 all IDo. - ••• 20 all S.Yorksh.4p.c.Guar. ... - _ ;.k 203 18 Buffalo dr Lake Hur. 8 - 7 d r. - " I leY, and 90i to 91, lifer account. They are noir a, 25 all Stock. &Dar., 6p. c. ... - _ I' '- to 91,1 for both. The quotation for 25 19 Do. do. do. - ... It -af t 100 100 Buff., Brut. & Godc , h. t ... _ ... 100 1.00 6fa c.bds., 1 Aug., 72 f St. 101 Watorfd& Kilk. 6 pc. ... - ... 37/ ntkrY Bis 914 .i. The New 3 per Cents. are Do. do., 1 July, '73 ... - ... ✓ 11 ),,, Allred 89i , to 90, and also the Reduced. Bank 100 100 Do. do., 1 June, '74 ... - ... BRITISH MINES. i rotoek • 2 1 7 )8 2 151 to 216 ; and India ditto, 2153 to 20 2s. Calcutta and S. East. ... - ... ... 1112 Alfred Cons. (Phillr.) 14 - 15 • 20 2sGd i Central Gude (Lim.) ... - ... 4 1013 equer Bills have risen to Bs. and ls. dis- 20 lOs ; Ceylon A shares • - ... 20 14 British Iron - 7 20 1 Do. B do. - 1p 1/ ... 20 Condurow (Cambrn.) 100 - 110 42 ", u ,t; The Bonds are 98. 10 1 Dev. Gt. ends. (l'ay.) 430 - 450 173 all Demerara . - ••• tr. A_Do_ tit the usual amount of business has been 3 - i i i ... 273 East Basset (I 1 ogan) 90 - 100 20 2s. Eastern Bengal ' I ' ` 44l keted in the Foreign Stock market and the St. 1.00 East Indian 1063 ... 1486 Great South Tolgus.. 133 - 113 1 quotatio sti, 4 ns are firmer. Turkish 6 per 881; 120 15 Do. C Shares l- 1 4p 1 16 1 - 1073 108 63 8 7 ••• 11/3 Grt.W.Alfrd.(Philk.) 41 - 51 it mil Per Cents., 98i i ; Spanish 3 per Ce n ts.,ents., 00 all D 0.43 p.c.13n , d5.,'57 ... - ... ••• 71 Grt.W. Vor (11elstn.) 1 -- 2 4 4. a. 100 all Do. do. do. 59, do. ... - •.. . 13s Lady Bertha -1/ n 9 ditto New Deferred, 25 ; Brazilian 5 per ::. 73 N. Frances (Illogan) 10 - la "lltB 981 Portuguese 20 all Geelong & Melbourne N W.Basset (Illogan) 12 - 13 Ruses 5 1 ; 3 per Cents., 438 4 ; guar. 5 per cent. ... 181 - 194 ••• ••• • i • ... 6/15 North Wheal Crofty 43 - 5 1 Cants., 964 . per Cents., 1054 6 ; and Dutch 4 per st. 100 Geeereek. of Cauada 36 - 38 37 64 7 100 all Do. 6p. c. Deben... 68 - 72 69 •.• 13 Par. Cons. (St.Blaxy) 19 - 20 I, ' B4. _ _ 11 },!8 follow''' . g are the nominal prices of Foreign 20 all Gt. In Pen, g. 5 pert. 21 - 211' 21 203 1/ ••• 9 Porkellis U. (Wend.) 4i -51 • 20 4 Do. New. guar. • 5 p.c. 4 - lip, 44 .. 6s. Sort. Cons. Min. Co 14 - 2 2 1 ""° :-Grenada Deferred Bonds, sto 6 ; Mexi- . 23 S Caradon (St. Cleer) 335 - 345 I,4l,n.l,:mlrBCiein;t3P:rtivian 4 i- per Cents., 75 76 ; ditto 203 all Gt. Wcstn. of Canada 18/ - 181, 18/ 4 .. - • 0i203 103 Do. New - lid 7/ 3 ••• -; Portuguese 3 per Cents., 100 all Do. Bds., payable '57 ... - ... ••• 1 2 , Ss..wCa.rFnraßnrceeasWilio4na..)) 22 4 0 3 __-- 2 5 30 3 5 43 lam. S. &la Min. Co. i - 1 z 4 e 43i ; Russian 5 per Cents., 1.04 106 ; Ditto 4i 100 all illo. do., '76, p. '6O lOO - 105 • P er Cents.; 94 96 • Spanish 3 per Cents., 401 411; 100 all 'Do. do., '73, do 10) - 105 1 . 1 . ) . ditto New Deferred, 253 i •, , 1.00 all Do. do '73 without 9 40 1256 V. of Towcy (Camar.) I - 4 • Messrs. D. Bell, Son . option 99 - 101. 1003 ••• Tin Croft . ( . G .. w .. ...... ...... .... . .3 . = 4. . . and Co., give the following 20 all Madras, guar. 41 p.c lB - 20 i 43 the prices of American securities :- 20 all Do, do., 5 per c. - 21.! ... 20 W. Caradon (Liskrd.) 10 ..... 1 GOVERNMENT SECURITIES. 20 10 Do. 41 p. C. Eaten l-341 9 4 ••• 53 \Vh. Basset (Illogan). 170 180 r , United States 6 per Cents. United States 6 per Cent. 8 0nd5............................ 1 1 0 0 5 5 2200 5 Do. 3d Ex., g. sp.c. gd- I fs 5 Do. 4th Ex., do. ... /d-3p 5/ 1 1 ... 13 W. Basset (Illogan).. .22 0 1 -.... i t ( 3 ) 3 • 55. Dude (Limited) - 1i ::.• 5 5 3 i\ V 'l l :: E:lw Buller ard (11 ( C d L u s t t c h k ) .) 295 7 -- 3 7 10 ,1 I 71 :i STATE SECURITIES. 20 5 Scinde, gua.r. 5 per e. Id - Ip' 8 Wh.Ma.Ann(Menht.) 49 - 51 Alabama 5 per Cent ... I 4 , wh. Tr o aa ,'" - 3 - 25 1 Maryland 5 per Cent. (Sterling Bonds) ...... 7 88 -90 .20 a ll IDo . . • t Massachusetts 5 per Cent. (Sterl. Bonds) • 9 9 i FOREIGN. FOREIGN MINES. • Mississippi 6 per Cent. Pl. Bk ... 6 - - I Bonds - 53 I/ 1841-1871_ 40 42 Mississippi 5 per Cent. Union Bk. Bonds ... 20 21 r.oennsylvania 5 per Cent. Stock • 70 72 20 18 Ardennes. - i 1 10s. Bon Accord Cop. (IL) 1 cl. - par ' 35 27 Brazilianlmp.(issued 5 all Belgian East. Juliet. 1 - 1 ...ennsylvania s . per Cent. Bondsat £5 pm) ......... 13 - 2 T 1 "*" Lunesaee 6 per Cent. Bonds '877... 75 7 6 20 6 4 16 1 c ß , e lr z ra ie e rs au to x rai o s u se o s u sli s c e ... - ••• -- - Coal Mines and Ry 4 - 46 30 all Do. Cocaes & Cuiada ... - ••• I , Virgi nia 6 per Cent. Bonds 1886.- SO - v 'Mal& 5 per Cent. (Sterling Bonds) - 1888- 79 20 12 Dutch Rhenish 53 - sci 73 20 1 15 3 e D i o aro S a t d . J aa oh c n a D m el m ß i e n y . 11 - 13 81 - ...4 20 all Eastern of Francs - 253 Co. of Jamaica B o „ a „.. ~ i LOAN S OF CITIES. , i t ii i r o u e F i l: 20 all Do. New - . 40 all Cobra Copper 39 -41 • 1883... 83 90 20 2s. Euphrates Valley ... ... •••••• ... ... 16 Copiapo - 12 • par Cent. Bonds stock 1856-1865... - - f .1883_ - - 20 18 Gt. Central of France ... - ... 1 all Dun Mountain Cop• Railway has beeg an extremely buoyant market for 6 a D i r ,„ 6r Cent. Bonds 20 all Great Luxembourg... 53 - 54 53 i per Mining Co. ... id - 3 P 10 4 Italian Junction 2 all Fortuna - id . Shares this morning, most of the lead- 20 all Lake Count. & Bale .... - ... 13 - 15 jug lines showing an improvement of fully 1 per 20 all General • 20 all Lierre and Turnhout - ...d 3 all Linares - 88 , 8 1 North- Eastern (Berwick), - ce nt. North-Western advanced 10s. ; North- 20 6 Lombardo-Venetian i • ii - 3 3 p 5 14 Lusitanian - 0 1 and South-Eastern 15e. • and 5 all Lucca. & Pist.sp.c.3.. ... - .. 1 all Mariquita - 1 I a Caledonian, Eastern Counties Grea ' t Wes'tern, 2 2 0 0 all Lyons and Geneva .., 23 - 24 1 all New Granada i Lancashire and Yorkshire, Brighton, South-West- all Lyons & Mediterran. ... - ... I all Noveau Monde - 11 333 all Maria Antonia - ••• a 20 all Pont.Sil.LclM.ds Smlt 5 - 6 ern, Manchester, Sheffield, and Lincoln, and North 10 all Do. New ••• - ••• 5 1 Port Philip British,l./. The French lines are also at improved 20 all Namur & Liege -73 74 8 ••• - ... 30 181 Santiago de Cuba ..., • 13 - 2 f 20 all Do. do. 6 P. c. Pref. 183 - 19 B Paris and Lyons advanced 155.; and Not th . ern of France, 2Eq all United Mexican 13/- 33 31 1,10 s. The Colonial undertak 16 all Northern of France.. 311 - 35 35 g - 10 all NorwegianTriik.Pref 8 - 9 logs have been actively dealt in. East In- 20 all Paris and Lyons 323 - 338 333 MISCELLANEOUS. lb Cans improved about 31. ; Grand Trunk of C Canada, 2/. ; G re at Western of Canada, and Great 20 20 all Paris and Orleans 5O -52 503 1000' 900 Atlantic Tel. (Lint.) ... - ... 1 7 Recife & San Frau., 25 19 Australian A.gricult. 20 - 22 I 2 1/ e Indian Peninsula, about 10s. Mining Shares aro quiet, at a b out r all all sa ßo m y former quo- 20 ali Ro(Pyealrnal7an.)i Fi g .!: 7p. c. 2/ -11 d 10 all Australn. Royal Mail ... - ... 10 73 Rome and Frsenti ... - .•• 10 all ,BerlinWaterWorks. 4 - 5 tatations. - 153 10 2 'Do. Now Ise. at 5/. 4 ... - .. I . Joint -Stock Bank Shares are moderately dealt 2 5 0 • LondonuJoinlt-IS.tock have albreSwaneddisMheuse i- i 6 - 61, 63 50 40 IBrit. American Land 30 - 35 100 323 Canada ll3 - 118 118 in, and prices are firm. London ' • advanced Ss., and Union of . , London 10 all . 30.5 i per cent. pref . . 7 - 8 St. 100 Do.Go.6pc.Jan&July 107 - 108 I'7 i t MI all West Flanders Discount Company advanced about 103. 20 1 all \Southern of France 203 - 21 St. all !Copper Min, of Eng. 27 - 32 1 --THIS DAY. 4t -5 5 ' 25 all IDo. Prof. 73 p. cent. 23 -- 25 i 10 all Do. 53 per c. Pref . 8 - 81 5 all ,Crystal Palace lf - 13 18 BIC ET IS H FUNDS.-CLOSING PRICES 20 all INIT.&N.W. of France 241 - 253 5 all 'Do. Preference 20 6 Western of Austria.,. 4 all !Crystal Pal. of France ... - ... • arm the Official Li,se;) 20 all IWest. of Switzerlad .. 20 all Eastern Steam , .. _ ... • - ••• 6 all Wiesbaden - 101 100 Business done. I 15 IA Stock - ••••• 1 all Electric Tel. of Irel. ... - . . I per fleet. Reduced Annuities 5 all lEn.dzAust.Cop.SmCo 1 • - if ....... .• ..... •••- ••• 3 per Cont. Consols Annuities 9l POl 1 1 1 -____ 40 all Australasi a, ,,, STOCK BANKS. --. lO 10s. Eur. & Ind.Jctn. Tel, ... - . I Row 3 par Cent. Annuities 893 4 90 i 25 181 Bank of Egypt •......... j 76 3 - 9 all Eur.&Am.Stm.(lins ) 43 - 53 Long Annuities, expire stl. Jan. 1860.... - 20 all Gen, Ir.Se.Col.(lim.; ... - ... Ditto 30 Years, expire sth April, 1885- 17 3 1 1 534 131 78 783 9 1.5 L 4 'Gen. Steam Navigat. ... India Stock 217 154 00 50 Bank of London _ 1 6- -20 5 London, Discount ... 2f 1 11 ' 3 I istiie. Hoods. 4111011 - 40 all Bri. Col. Bk. dr Li; .C .. 40 - 45 4 all , Lond. Gen. Omnibus 3i - 33 33 r )itto, under 111000 35 d 50 all British N. American -• - •• 91 903 13 1 8 20 8 ,C.Bk.of Ind.A.n.aaCh ~, - ...a 20 10 !Magdalena St. Navig. ... - ... I Onsets for Account -Ex ,i4equer 11111 s, 24d. •.. .......... 100 50 ICity •.. ................ 10 all I Mediteran. Elec. Tel. ... - ... 10 83 IDo. Extension Toleg. ... - ... I:1000 ..... - "• 10 all Mexican & S.Americn ... - 611,1 i , .... ''' ......... - " • 25 5 'Nat, Discount C 0.... 23 - 23 24 , Exch equeri , ;;;; ........... 20 all Eng.Seot.diAns.Clit. 17 - fa' 10 6 INotherlands Land.... 1 -- 1 4 Ditto, 155 9 . ay. 1 858, 33 per Cent 9- PdICES OF FiDe“..nla.•E-I-G-N. 9721';8 20 all Lon. Ch. Bk.of Aust. 161 - • 10 all Do. Do. - 3 20 all Ditto New - 17 , 5 all IDo. p. c.Pf.iss. at Id. 2 - 3 Brannan 5 pe r FUNDS AT ONE O'CLOCK. ,_ 00 20 London and County •,...., -- ''' 5 2 po. Do. - 114 • . Ditto Account (bee .. 6) 50 .Lial.&E.Brikng.Corp ... _ •.:' 283 8 100 80 'New B. N. S. Land 16 - 18 - Mexican 3 per Cant.,,.,,' • 1 ' "' 50 10 London Jointbtock. Stock. a. _ ..-. 2... 8 St. 100 N.S.W. Gov.s p.c.D. ... - ... 91 Portuguese Bonds, 51i . - 4 i 44 A I Ditto 1853, 3 per Cent., 1and. .. .• Con. 1841 -- LoalandWestminst, ... - ... ' t 20 all Nrtlao f EnropeSteare 4 - 5 Russian Bowls, 1522, e St .. . g .... ..... . ‘," ... : - „. 1 all Oriental Gas - 1 3 Ditto, 43 per Cent. , ... ' - - 'en" ••• 105/ 6 fieunish %lade, 3 per Pont. ..................... ... 9 4 5 01 100 0 2 0 0 2 3 0 5 National Pro. of Eng. ... - ... 1 10s Do New Shares 3d - 8p 50 22i i National Bank 5 all Peelltr. 14. & Minrl. 11 - 2 11 Ditto New Deferred, 3 25 all Orientali BankCorp.o 34 - 36 50 all Peninsular & Oriental 73 - 75 74 3 Turklah -sonde, 6 okr cent ........... R 2S Q 31 i S l t. 1 53 -Qp 16 20 20 ,Ottoman Bana t . allQ° Submarine 50 all hymney Iron Ditto Account (Dec. 16) ................. • ` a '; - ,'l ? 4 20 all New South Wales..,, ... --. r IPr 'nc al of Ireland ... - ... Ditto Guaranteed, i per Cont. ............ "`"" 2 ' Dividends on the above p . a . ,. ........ in 9 LO l nd i on. 100 f a ovi 100 60 aoyal Mail Steam 10 all IDo, New.. •••••••" ... - ... 1 all ;cot. Austral. Invest 1- 13 1 3 Tel, 6 e S i c Ki r Scrip •ii - i Dutch Exel ange, 23 per Cen., 12 Guilders - 5 , 1 -3 3 25 all 'South Australia...... 3 26 all South Austral. Land 30 - 33 31A 49 49 • Do, 4 ;AT Cent. Certificates - 1 IR.A.us.B.&G.Irs.Co. ... - ... - 96/ 3, 6 -- 7 : . 2 1 Do. New .... ........... THREE piaLoc, K. ••• 2 . - ... 223 32 3 1 all Do. Registered -i 1. Console, money 5O 10 Union ofLondon ~.. ... 20 5 Trus.Ln Co U Can d 1.00 283 Van D • • P• • •.' • - ... I) Ditto account (December 7) , 91' - 100 50 {Unity Mutual iemou's Land.. 8.5 - 9.3 s i 100 6 Westrußk of Lond es e...• ...4. TILE SUN, LONDON, FRIDAY EVENING, NOVEMBER 27, 1857. LAW INTELLIGENCE.---(This Day.) .THE BANK CFI:AMER ACT. COURT OF QUEEN'S BENCH. (Sittings at. Nisi Prins, at Westminster, before Lord Campbell and a Common Jury.) WILLIAMS V. ZOODLE.—FALSE IMPRISONMENT. This was an action brought by the plaintiff, a respect. able tradesman of Cheltenham, against the defendant, a solicitor of the same place, for false imprisonment. The hearing of the cause occupied the Court a consider able period, but the facts were purely of a local character. It appeared ;that at an election last year for commis sioners under the Local Management Act, great excite ment prevailed, and the defendant had indicted the piaiatiff, Mr. Shirer, another tradesman, and a number of persons for a❑ assault and riot. The plaintiff and others were tried at the last Gloucester Assizes, before Mr. Justice Williams, and acquitted. The prosecutor, it was alleged, was actuated by malice in what ha had done. Toe case commenced yesterday afternoon, and ie expected to occupy the whole of the da►y. There were no cases of interest in the other Courts at the time our despatch left. POLICE INTELLIGENCE. (This Day.) MARLBOROUGH-STREET. level by natural laws. When a reflux took place, producing, of course, a fall in the rate of discount, the sovereigns (of which we have 70 millions in all) would find their way again into the retail trade, as it would no longer suit the Bank to pay 4 per cent. for the use of the notes. CHARGE or RAPE.—Armand Rennant, a French tailor, residing in King-street, Soho, was brought before Mr. Bingham, charged with violating the person of Charlotte Prendergast, a girl 16 years of age, living at No. 22, IVindmill-street. The prosecutrix, a well-look ing girl, stated that she was living at No. 22, Wind- Enill-rtreet, with an old lady who went out ironing. About ten o'clock on the previous night she was going Pr some beer for her mistress, and met the prisoner, of whom she bad no previous knowledge, and who asked her where she was going. She told him, when be re quested her to go with him to a house round the corner, where a woman was waiting to see her. She said she would not go then. He replied if she did not go at once she would lose a good situation. He then took her to a house in King-street, the door of which he opened with a latch key and to )k her upstairsto a room at the top of the house, into which he thrust her, and threatened to choke ber if she made the least noise. She was very much frightened, and did not call out. He then pulled off his coat, threw her upon the bed, and, in spite of her struggles and screams, effected her ruin. He then ran out of the house, followed by prosecutrix, who came up with him in Cambridge-street, and gave him into custody. Police-oonstable 184 C proved apprehending the pri soner on the present charge, and conveyed him to the station-house. The girl was subsequently taken to a surgeon, whoa gave his opinion that a capital assault had been committed. The prisoner in defence said the girl was a consenting party. Mr. Bingham remanded the prisoner for the attend ance of the surgeon. MARKET NEWS.—(This Day.) CORN EXCHANGE. Coastwise, during the week, the arrivals of English wheat have been very moderate, ♦iz., 1,22 U quarters. By land carriage a few samples came fresh to hand to-day. Although the attendance of bnyers was far from numerous, the demand for all kinds of wheat of home produce ruled steady, at fully Monday's prices. Over 8,000 quarters of foreign wheat have come fresh to band, and the show of samples was extensive. Most kinds wero in fair request, at full quotations. Floating cargoes met a dull inquiry. Fine malting barley sold at full quotations, but grinding and distilling sorts were a dull inquiry. Thero was no improvement in the malt trade. We had a fair demand for oats, and prices were slightly on the advance. Beans, pawls, and flour were unaltered in value. ARRITALS TIIIS WEEK. Wheat. Barley. i Malt. I 1,220 250 970 English Irish . Oats. Flour. 180 1,190 4,110 -- 3 380ble. 21,180 1,010 eke Foreign 8,090 1 8,510 METROPOLITAN CATTLE MARKET. Only a moderate supply of beasts was on offer here to day ; nevertheless. the demand for all breeds ruled very inactive, at Monday's decline in the quotations. We were rather scantily supplied with sheep, in which very little business was transacted, at unaltered currencies. There was very little inquiry for calves, the supply of which was by no means extensive, and prices gave way 21 per Sibs. Pigs and mulch cows moved off slowly, on former terms. Per Bibs to sink the olists s. d. s. d.I s. 4. a. d. Cnierior Beasts.... 3 oto 3 2, PrimeSonthdown 410 5 2 &mend quality.... 3 4 3 *Argo crae. calves 3 8 4 4 Prime large oxen 310 4 /Prime small d 0... 4 6 410 Prime Scots, dm. 4 4 4 8 Large hogs 4 V 4 inferior Sheep ...3 0 3 6iSmall porkers 4 8 5 2 Second quality ...3 8 310 Suckling calses..2l 0 23 0 Prime orse.-w11e4.4 0 4 81Quarter old pigo.22 0 28 0 FORMS surPLT. 912 Boasts TOTAL SUPPLY: Beasts Sheep and lambs Calyea 3S9 Sheep and lambs .. 4OO Calves Pigs 4OO Pigs NEWGATR ANn Mt A nR7TIT A LT._ The supplies of meat were seasonably good, and the trade ruled heavy, as follows : Per 81bs by the carcase. e. 4. a. d. Beef, Interior 210 3 0 Do., middling 3 2 3 4 Do. prime large 3 0 3 10 I Do., do. small 4 0 4 4 Pork, largo 3 8 4 4 e. 4. e. d. Mutton, Inferior 2 13 3 4 Do., middling 3 6 4 0 Do., prime ........,4 2 4 8 Voal .3 4 4 4 Pork, small 4 6 5 4 BOROUGH HOP. Although the show of samples of both old and new hops is somewhat on the increase, the demand almost generally is steady, and prices are well supported. New Mid and East Kent pockets, 70s to 120 s ; Weald of Kent ditto, 58s to 84s; Sussex ditto, 50s to 72s per cwt. COLONIAL. TEA:—The public Wee of this article went off ra ther buoyantly'There Was a goo d a ttendance of the trade, and a slight advance w as rea li se d upon the finer qualities. Common Congou is quoted at 12d to 13 d per lb. SUGAR—The mark e t i s s t ea d ,and for good grocery qua - Mimi there is a g oo d d emand at fully late rates. The lower descriptions, how ever, ruled rather eas i er . In the refined market there has b een a fair amoun t o f business dose. Good to fair qualiti es are quoted 5 4 s 6d t o 56s per cwt. ; but for forward delivery rather easier terms are current. COFFEE—Plantation Ceylon continues in steady req uest and fully late ra t es, and realised for good qualities; other descriptions, however, are rather lame. Rice—The dealings have been very moderate and rather easier rates are current for Bengal descriptions. Ruse—The market is moderately active. Fair qualities of Demerara sold for 28 3d, and Jamaica, 4s per gallon. SALTPETRE—The demand is inactive, and prices gene rally have a downward tendency. British refined is quoted 45s to 46s per cwt. COCHINEAL. --At public sale there was a decline of about 11 per lb. on Teneriffe silvers, end of 2d to 31 per lb. on Honduras black s . TALLOW.—The m ar k et i s again easier. P . Y . C. i s quo t e d 49s ; all the y ear , 48 s 9d 49s 9d per cwt. GREEN FRUIT. -- Arrival s l arge , with an improved busi ness. Two c4rg oes o f Messina lemons offered at public ; and January to March delivery, sale by Keeling and Hunt, and a portion sold at fair prices. Oranges have arrived from St. Michael, Fayal, sad Ma denim. Chesnuts abundant and 'ewer. Black Spanish without alteration. LLOYD'S SEUPPING.—(This Day.) LONDON, Nov. 27.—Wind this day at noon, N.B. strong breeze and fine. FALMOUTH, Nov. 2 6.—Wind E.—Arrived—Rio Blanio (se), from Buenos Ayres. RAMSGATE, Nov. 26.—Wind S.E.—Sailed—Emma, from Brazils. PORTSMOUTH, Nov. 2 6.—Wind N.N.E.—Arrived Celestial Empire, from Callao; Leopold (as), from London for Knrrachee. SOUTHAMPTON, Nov. 26.—Arrived—Arago (s), from New York. Sailed — Petropolis (a), for Brazils ; Barce lona (ss), Barcelona. P L YMOUTH, Nov. 26.—Wind. E.N.E.—Arrived — Joseph Fle tcher, from London for Auckland , N . Z. ; (is), from Liverpool for th e C oas t o f Af r i ca. Sailed — Propeller, for Coast of Africa. COWES, Nov. 26.—Wind E.NE. — Sailed—France Chile, for Rio J aneiro. CARDIFF, Nov. 26.—Wind N .E. — Sailed—Maska, for Malta. SWANSEA, Nov. 26. -- Wind E. — Arrived—Leopoldine, Sailed—Saturno, for Fernando for Huelc a. HULL, Zrov. 26. — Wind S.E . -- Arrived—Chince, from Quebec. Nov. 26. — Wind E.— MILFORD, Nov. 26. —Wind N. B. — Arrived —Neophyte, from Liverpool for Tampico, with los s of jibboum and mas ter drowned. Friton, Havana. N y P °II PTo ' : (pigs IMMO MIGRATE.) SOUTHAMPTON, Friday, 10 cm. Wind E. E Arrived —Lady g linton, steame r , f rom Du b l i n ; Tyro, London ; Caledonia, Sunderland; John Watson, Skields; Marquis Bute, Sunderland. ; Barcelona, steamer, H Eglinton, steame r , L ondon. LIVERPOOL, Friday Morning. at Sailed — g ; CLcaidlY; for Sunderland Wind E. Arrived--MayFlower, from Jamaica ; Western Em piro, Boston. Off—. Tyro, from Lisbon. WATIMFORD, Nov. 24. Wind N. Arrived- -Reaijo, from Odessa. (BY SUBMARINE AND BRITISH TELEGRAPH.) GRAVESEND, Friday, 9.30 a.m. Win d N . B. ; tide h igh water; weather fine. Arrived Nov. 26.—Elizabth Ann Bright, from Quebec ; John Matti.), Penang ; Malmo, Malmo. Indfr°opemndenz, Hobroa ; Vesta, k --- 1 r G k e r: Gravelines ; Young 11..argan. Palermo Christians, Dun- Christiania ; Leon, Craskioldoik ; Sunflower, Cronstait; Acorn, Guernsey ; Susan Hurley, Patios. k i rk; Arrived, iiige N n coo: Dunkirk Sailed, Nov. 27, --Heather B e ll, f or H o b ar t T o wn ; Genei al Williams, Cape of Good hope. DEAL, Friday, 9 a.m. Wind 4 g E e b " ri a g g g a o le. A ton the Goodwin Sands last night aboul 9 o'clock, when signals were made by the Gull, light-ship, and a boat wont from here, but could render no assistance, Her crew has fortunately been saved by the Ramsgate life boat this morning. TO TICE EDITOR" OF THE SUN. SIR, --It this critical juncture it may be hoped that the following dialogue will be of sufficient in terest to your readers to induce them to give their attention to the consideration of the main difficulty of the currency question—the true nature of money. The discussion is intended to show the practicabi lity of keeping the Bank rate of discount moderate and steady, SO as never to exceed 5 per cent. in its oscillations ; and of maintaining the convertibility of the note without contracting our domestic cur rency, and producing the tearful results entailed on the country by the Bank Charter Act of 1844. I am, Sir, your obedient servant, HAMER STANSFELD, The Grange, Burley, near Otley, Nov. 25, 1857. DIALJGI7/1. 44. What is money ? B. Money is a security for obtaining its equiva lent value in capital. It is usually defined to be the meAsure of value, the medium of exchange, and the universal equivalent; but these qualities com bined constitute another—its most practical charac ter—which appears to have been overlooked, and which willgo a great way to solve the mysteries of the irrency question—l mean its cardinal function as a security for obtaining its equivalent value in capital, on which security capital is transferred from one party to another, and direct barter superseded. The first step taken after emerging from a state of barter, is to purchase money; the labourer instead of exchanging his labour for food and clothes, re • ceiving his wages in kind, exchanges it for, or buys with it, such a sum of money as will enable him to repurchase the same quantity of food and clothes. Thus capital (ordinarily defined to be services and commodities used in production), is the 'original purchasing power, and not money, which is merely a security for repurchasing. A banker does not lend his capital, but his money which he has bought with his capital. "Itis a very common fallacy," says Lord Overatone, in answer to question 3,721, by the late Bank Com mittee, "to consider money and capital as the same thing ; " and a higher authority, Adam Smitb, says, " The great wheel of circulation (money) is altogether different from the goods (capital) which are circulated by the means of it." A banker con verts his capital into money, and then lends the money as the means of obtaieing a return far his capital; just as another capitalist invests his in laud and looks to rent ; er in trale, and looks to profit for his return. The Bank Committee and Lord Overstone, after battling about the nature of money, come to a somewhat similar conclusion as to its character. Lord Overstone is asked by the committee, question 3,759—" Money is merely a means by which capital is obtained ? " And he answers, " Now we have got to a common locus sta A. If your definition of money be correct that its most practical character is that of a security, for obtaining its equivalent value in capital ; then, any thing possessing Ova character is 'money B. Yes ; amongst the ancients, furs, cowrie shells, &c., circulated as money—as securities for obtaining their equivalents in value, estimated by the labour necessary to procure them—these were succeeded by coin, as a more accurate measure of value, and of greater convenience, being divisible into smaller sums ; and lastly came paper credit money—paper promiA)s to pay money—tbe most useful, convenient, and economical money of all, provided it be as safe as coin. A. Then what could be bsttsr money than the promissory note of a Government, for which the whole country wouldbs the guarantee I B. Nothing ; if you could guard against over issuing; but the power of issuing hAs been so often abused for political purposes, that it is desirable to apply the drag-chain of convertibility, A. Do not Bank of England notes constitu ting our paper legal tender money, possess then the character of money in an eminent degree ? being issued against Government securities or gold, and being subject to convertibility on demand. B. Yes; their quality is as near perfL ction as possible, though in public opinion they might be mote perfect were they issued directly by the Go- vernment but this slight degree of imperfection is counterballncecl by the greater facility which the busmesi of a Bank affords of bringing them into circulation. A. But does not the principle of convertibility expose us to all the evils of drains of gold ? and is not the main object of the Act of 1844 to coun teract foreign drains by curtailing our domestic currency, and making money dear, and everything else chew, in order to bring back the gold ? B. Yes; and a most suicidal and unnecesstry policy it is, drying up the strt.ain which turns the great wheel of circulation and keeps trade in mot ion —throwing all hands out of employment. How different to the pro3eedings of a sensible man of bn.iness, who, having a mill turned by water power, constructs a dam to fast the stream in times of drought, and thereby obtains a more constant and steady supply of circulating power. We possess such a reservior of gold in the sovereigns absorbed in the retail trade, through the means of which by substituting one pound notes for sovereigns we can maintain our stream of circulation steady. , A. Regarding money in the light of a security ; how can a sufficient supply of such securities bo ob tained, as you say, at a moderate and steady rate ; so as never to exceed 5 per cent, by the Bank of England. B. By establishing Free Trade in a sound cur rency, awl leaving the supply and demand of such securities to adjust themselves to each other—al lowing all to issue notes of 51. and upwards, on giving adequate security fortheirconverttbility, and masking the note only of the Bank of England, (as being the representative of the Government) A legal tender—reserving to the Bank of England the right of issuing one pound notes as substitutes for sovereigns when ever their minimum rate of discount reaches 5 per cent., on condition of depositing t thirds of the amount of such issues in Government Securities, and one-third in gold, and pa, iug 4 per cent. to the Government for the two-thirds of the notes of which they would have the beneficial use. By this means an adequate supply of money could be obtained at a moderate rate, so as never to exceed 5 per cent., by the Bank of England, and such equable and moderate rate was maintained by the Bank of England for 140 years previous to the Act of 1844, excepting for a few months in 1839. A. But were not the usury laws thou in force, prohibiting a higher rate than 5 per cent, to be charged ? B. They were relaxed in 1833, and whatever influence they may have had prior to 1833, they could bare had none on the rate from 1833 to 1844, which ranged from 4 to 5 per cent., except ing for a few months in 1839 when it rose to 6 per cent. A. What would be the effect if 30,000,0001. of notes were Substituted for sovereigns on the plan you suggest B. The Bank of England would retain 10,000,0001. in its coffers as a guarantee for the convertibility of the 30,000,0001. of notes issued (a proportion greater than the Bank have hitherto considered to be safe, having acted on the principle that one-third to meotall theirliabilities both o f depo sits and notes was sufficient), this would set atliberty twenty millions of sovereigns ; which could be either sent abroad in exchange for cotton, corn, and other capital, thereby adding so much to the float ing capital of the country, or be added to the Bank reserve and lower the rate of discount, for on the amount of the Bank reserve of legal tender money depends the rate of discount, and so long as the twenty millions of notes remained in circulation they would yield a revenue of 800,0001. per annum to the Government. A. But would not a lower and steadier rate of money lead to over-trading and speculation B. It might lead to greater competition ; so much the better for the public ; but not to greater over-trading and speculation. The degree to which these have been carried on under the Act of 1844, cannot be exceeded. Witness the railway mania in 1845 ; and the present over-banking fluc tuations in the value of money are the mainsprings of speculation. cnder the Act of 1844 money has been lent by the Bank at 1f per cent., and is now not to be had at the Bank under 10 per cent. A. By allowing the Bank of England, when its rate of discount reaches 6 per cont., to increase its quantity of gold ; by substituting 11. notes for sovereigns, and thereby preventing any further rise in the rate of discount, are you not interfering with the natural value of money ? B. No, not with the natural but with the un natural value of money, occasioned by such extra ordinary drains of gold as the Indian mutiny and the American panic give rise to. It is prepos terous that our monetary laws cannot spate a few millions without bringing the trade of the country to a st aid. Were this the inevitable consequence of convertibility, some modifica tion of the principle would be necessary, but it is not, as it may be obviated. Moreover, the natural value of money is not interfered with, as the safety valve is only opened when the monetary pres Sure has raised the rate of discount to 5 per cent.—a rate higher than rules in ordinary times on the Continent —and one which admits the rectification of the exchanges naturally. Under such a plan, were a foreign drain of bullion to arise, to pay a balance of trade due from us, say to the amount of 5,000,0001., that sum could be spared from this national reserve, without any disturbance of our domestic' currency—the debt would be paid—the adverse rate of exchange be rectified—trad i would pursue its usual course, and gold be left to find its LITERATURE. The Wanderer : Fantasia and Vision. By The Smith of Smithedan. Groombridge and Sons. It appears to us that some people write volumes of poetry on the same principle, and for the same purpose as others plant mans. A vast amount of labour, a close atten tion to formal, artistic construction, and no in considerable expense, are freely bestowed on both. The book is published, the maz3 is opened. We may read the one and enter the other. In the maze we find that we cannot possibly under stand it—that it is a roundaboutism of bewilder ; ing scientific paths, and that, in short, we have lost ourselves in it in no time. The volume of measured words too frequently places us in just the same predicament . , and we grope on, stultified and staring, in the midst of the elaborately constructed work, wondering where it loads to, and experiencing but one satisfactory sen sation during our whole progress through it, which is, when we see the end of it. We award to The Smith, of Smitheden, great credit for the industry and skill displayed in " The Wanderer : Fan tasia, and Visions," but we fear our appreciative power is incompetent to select any scintillations struck from his anvil, likely to fly upward and take their place amongthe stars of the poetic firmament. Let our readers judge for themselves from the two following extracts, taken at random. The first forms part of the author's description of the field of Waterloo ; the second is a portion of an address to his son:-- There is a dubious pause, Hark ! the cannon's Fiery breath— in wrathful, grinding roar ontsped ! Terrific ! the sulphnry clouds, thick duns, And hugely rolls along the plains I Keen, dread, And close the conflict, and the ground is fed With blood! Slow rolls the smoke awa) ! Again 'Tia clear. The eagles hover round their dead And living prey, and tear the ground in vain But murd'rous strife, deluging in red the plain. And what are those they grimly prance around— Nigh hid in quiv'riag fronts of bristling spears ? Britannia's Squares—rock-rooted to the ground. The panting Lion, conch'd, his teeth he glares I Gaul's steel-clad cavalry he scorns an 1 dares ! In vain the Eagle tramps and whets its beak, And wildly round and round wer•wing'd careers, And plunges on the lair, its teeth to break I War-horse and rider downward reel —in death they shake ! Although ho cannot walk or speak, Yet he is neither dumb nor weak, And knoweth how to hide and seek — My itright-eyed little boy. He knoweth how to laugh and play ; He crows and dances all the day ; And knoweth every word you say— My bright-eyed little boy. He goes to sleep, and dream, and smile, Within his little crib awhile ; And knoweth neither sin nor guile My bright-eyed little boy. Anon like sunshine he awakes ! His little thirst he eag er slakes ; 'Tis heaven to see the drink ha takes— . My bright-eyed little boy. He yawns and stretohes—such a stretch Could any artist it but sketch, His weight in solid gold %would fotch— My bright-eyed little boy. Rome Pastime; or, The Child's Owa Toy Maker. By E. LAndell. Griffiths and Farrell, St. Paul's Churchyard. There is no question that this publication will be most acceptable in families. Full and prac tical directions, with a set of models, are presented, teaching how to construct wheel barrows, rail way-oirriages, windmills, cottages, and numerous other objects of interest out of card-board, embracing the principles of mechanical knowledge with rational amusement. We believe there is a natural tendency iu juvenile fingers to snipping and clipping ; and no great dislike in those same digits to be closely incorporated ' with paste, gum, or any such "messing" matter within reach, and with this pub lic ttion to aid them, the young artisans may be in dulged in ths,e propensities, and improve, not exactly every "shining" hour, but every gloomy one at this foggy sea4on, and build as many castles as that fanciful architect, Childhood, can design. We should think that Mr. Lanclells will " leave his card" at many a nursery door, and be most gra ciously welcomed by the " active citiz us" within. Oriental and Western Siberia. By T. Witlam Atkinson. Hurst and. Blackett. Few would have anticip tted that a journey throueh Sibsria, which is geuerally synonymous with all that is desolate and mournful, could have furnished material for this gorgeous ♦olume, which is no unsuitable companion for the gift-books of the coming season. The author is by profession an artist, and was desirous of exploring those wild and remote districts of Northern and Central Asia, where it is supposed a European foot has never penetrated. Having obtained an especial passport fromthe Emperor Nicholas, which greatly facilitated his journey, and which enabled him to cross the frontier unmolested, his travels were only impeded by the inclemency of the weather, which sometimes imposed a check on his adventurous spirit. In his preface he says:—" Mine has been a tolerably wide held, extending from Kokhan, ou the west, to the eastern end of the Baikal, and as far south as the Chinese town of Tchin.si, including that immense chain, Syan-Phan, never before seen by any Euro pean, as well as a large part of the western part of the Gobi, over which Genghis Khan marched his wild hordes to the west—scenes on which no pen cil has previously been employed—comprising a distance traversed of about 32,000 versts in car• riages, 7,100 in boats, and 20,300 on horseback — in all, 59,400 versts (about 39,500 miles) in the course of seven years." In this extended journey, during which be traversed Siberia, Mongolia, the Kirghis steppes, Chinese Tottery-, and part of Central Asia, his adventures and escapes were, as may be supposed, et a very varied character. Hav ing the hardihood to penetrate into tho most lonely spots and among the most wild and lawless tribes, he alternately encountered the terrors of the ele ments and of the robter hordes. He was several times attacked by fever in consequence of exposure to the violent storms of that re gion, and more than once narrowly escaped with life from the robbers of the steppes. His work therefore combines the information of a traveller in a country completely unknown, with the excitement of a romance in some of his rides for life, accompanied by his faithful Kirghis and Kalmuck followers. Among other novelties he represents these wild denizens of that rugged clime in a new and favourable aspect. Few have mixed among th6m so freely, and he describes them as a brave and faithful people, notwithstanding their want of civilization. The reader will no doubt be FOlllB whatturprisedto meet with such accounts of the scenery. That part of the world has generally been represented as bare and desolate, but the author speaks with enthusiasm of some of the view. On his route by the river Tchoussowaia he noticed fine clumps of pine and birch trees so beautifully ar ranged that he imagined they had been planted with the greatest care. He was informed, however, that Nature was the only gardener. This part is very lonely, "there are many pl sees containing thou sands of acres, upon which it is probable man has never set his foot. In summer it would be impos sible to penetrate these gloomy forests on account of the extensive morasses which no one would dare to cross'; and in winter the certainty of being frozen to death in these wilds is a sufficient check upon any daring spirit." The rocks and. caverns are broken into most curious shapes, of which the author gives many illustrations. The effects of sunrise and sunset in these lonely regions he frequently de scribes in glowing terms. After leaving these wilds he came to the mines of the Oural, of which ho gives some curious particulars. A great part of the property here belongs to the Demidoff family, who have done much to develops the mineral treasures of Russia. Anatole Demidoff, the present head, spares no expense in educating the young men who show any talent for mineralogy or mechanics. He has sent several to England and France, and has also employed some of the most scientific men in Europe to survey the mines of those regions. At one part an almost inex haustible supply of iron ore exists. "The enormous mass of iron ore found on this spot is about eighty feet thick, and extends about four hundred feet i❑ length." At a short distance from the iron quarry are the copper mines. Copper was first found at Togilsk in 1812, and has since proved very profit able. In these mine Is found the Malachite, which has become so popular. One immense mass wa , found which it was calculated would. produce about 720,000 pounds of solid malachite. Many precious stones are found in the Siberian mines, all of which are the property of the Crown. The author saw many beautiful specimens of jasper, emerald, topaz, amethyst, and others. Most magnificent jasper tables are made in this Zavod, inlaid wish different coloured stones, in imitation of birds, flowers, and foliage. In 1853, I saw one of them in Ekaterineburg, on which four or five men had been employed for six years—not an uncommon occurrence ; indeed, some examples have occupied a longer period. The cost of labour alone in England (provided the material were found there) would effectually prevent such work ever being executed in our country. Their wages ' are almost nothing ; I have seen a man engaged carving foliage on some of the jasper vases, ina style not excelled any w h ere i n Europe, whose wages were three shillings and eightpenee per mo n th with two poods, or thirty-six pounds of rye-flout-- per mcnth made into bread —meat he is never sup posed to eat. I have seen another man cutting a head of Ajax, after the antique, in jasper of two colours—the ground a dark green, and the head yellowish clean" colour—in very high relief, and intended for a brooch. It was a splendid produc tion of art, and would have raised the man to a high position in any country in Europe except' Ru-sia. He, also, poor man ! received his three shillings and eightpence per month, and his bread.' There are many men employed in these productions possessing great genius ; were they free to use their talents for their own benefit, this country might send into civilised Europe numerous works of vast merit." Very little is said about the Siberian exiles ; indeed, as the work is dedicated to the Emperor l Alexander, it would be invidious. On one occa sion the author mentions passing a large party of convicts marching to eastern Siberia ; seventeen men and women, in chains, led the van, who were destined for Nertohinsk, and had to march more than 4,000 vents, which would take them eight months. The others were more hrtunate, having only a march of six months before tem. Eleven women rode behind, some of them following their husbands into exile. A gang leaves Elraterineburg every Monday morning. The author remarks, that among these convicts are some very bad men is doubtless, but there are also many who have been driven by cruel treatment to rebel against their masters, and a word or blow is enough. O, quittine Siberia the author pushed his way into the steppes of ancient Mongolia, and his account of his adventures there is full of interest. He describes the coals of the old patriarch chiefs, surrounded by their flocks and herds, and camels, numbering thou sands. By all he was most hospitably received, and mixed freely among them. The meat, exciting part of his narrative is his visit to the robber chief, Koubaldos, who pretended to re ceive him hospitably, but in reality planned to attack and plunder him. It was only at great risk s and through the greatest caution that the party escaped. This part is infested by bands of robbers, who plunder in the most daring manner, and the author only owed his safety, on one occasion, to being taken for a robber chief. His fire-arms were of good service to him, as they greatly imprewed the wild and savage beholders. Speaking of this cauutry, he says, "He who follows on ray track will find his rifle will be required for more pur poses than obtaining a dinner. His courage and determination will be tested by men who seldom show fear, and are ever on the alert. It is only by a steady hand, a quick eye, and skill with his wea pon, that he can remain safe from acts of violence. Plunder is the common trade ; and what is still worse, the traveller, if not murdered, is carried off into certain slavery." Many of his 'Lost beautiful sketches were obtained among the mountains. Speaking of the great chain that separates Siberia and Mongolia, he says the best idea that can be formed of its magnitude, is by c( mparing it with the Alps, " which can be crossed in four or five days, while the wanderer among the Asiatic Alps has lost no time if he con trives to cross them in thirty-five." Adventures with wolves and serpents, with boars and bears, be sides the storms on the mountains and the robbers of the steppe, give excitement and variety to the work. The novelty of the scenes and the variety of the incidents will at once secure for it the inte rest and attention of the public. A map of the writer's course will be of service to the reader in following his extended route, and the numerous woodcuts convey an excellent idea of the spots de scribed. Besides these, there are numerous coloured lithographs, which greatly enhance the attractions of this valuable and interesting work. SHIPWRECKS ON THE GOODWINSANDS. TO THE EDITOR OF THE SUN. SIR, —Your able advocacy of an efficacious design for the relief of shipwrecked mariners upon the Goodwin Sands, induces me to put you in posses sion of facts relating to this int q.esting subject, which may surpri=lo your humane readers. I am intimately acquainted with an officer of rank, who not only urged upon the First Lord of the Admir dry the advantage you have proposed, but almost in the same words urged upon his lord ship the necessity of stationing a large steamer, with two life-boats attached, near the inner edge of the Goodwin Sands, so as to be ready to assist the unfortunate in their time of utmost need, arid en 'orcing his recommen.lation by stating the fact, which seems to have escaped general observation, that a vessel so stationed would he nearer the scenes of disaster by five and half miles than the brave hol.tmen at Deil, Ramagatt.., or Broadstairs, and, therefore, that relief might be afforded before the gall ►nt men on shore had been made acquainted with the circumstance, or the ship become a totAl wreck. I know, also, that this officer volunteered his services to mass a winter in the steamer (not an en viable position) to organise the crew of the life boats, and t.) tonal them, by his experience, the best means, under the varied phases of winds and tichs, of giving the most prompt and effectual aid.• But, like the point-blank refusal given to a depu tation of the merchants of London, headed by the Duke of Northumberland, the noble president of the Royal National Life-boat Institution, the answer to this officer's appeal was brief, co ld, anti discouraging, "That his I.,xdship did not deem it expedient to place a steam vessel in the Downs, m a largo life-boat." Thus, it would appear, that the lives of two or three hundred brave seamen, or loyal subjects, were not worth the trouble or the expense ! I remain, ke. HTMINITY. DRATII OP THU PERT REV. PRINCIPAL MICFARLA.N. —The Rev. Dr. Macfarlan, Principal of Glasgow Uni• varsity and minister of the High Church, died on Wed nesday, at his residence at the college. INDIAN MISSIONS EXTENSION FUND.—Yesterday meeting of the Society for the Propagation of the Gospel was held at Willie's Rooms, King-street, St. James's, for the purpose of adopting resolutions •for strengthening and ex'endiog their missions among the Ilindoon and Mohammedans. The Archbishop of Can terbury presided. The following resolutions were unani mously agreed to :—" 1. That the Church of England is called, by the late calamitous events in India, to adopt more energetic measures for the diffusion of the Gospel in that benighted land ; and that this meeting I will give its hearty support to the Society for the Pro pagation of the Gospel in its efforts to strengthen and extend its mission among the "Endow! and Mahome dans." "2. That the proposal of the society to establish missions in the presidential and other principal cities, with a view to bring the truths of Christianity before the upper as well as the lower classes of India, is descrying of the mast cordial approbation and encouragement; and that it is desirable to promote, by every available means, the education, training, and ordination of the more advanced native candidates for the work of the ministry among their own countrymen." INDIAN LETTIRS OP INTRODUCTION.—" As in all probability the European will be furnished with several letters of introduction, it may be as well to warn him that upon the delivery of those credentials, (which should be sent on hie arrival by a Sepoy belonging to the hotel or club at which he is staying, with his card and address in full,) the following morning he should make a persenal call, such being the etiquette observable in India. He must not anticipate to be nor dially received, or to have a carte blanche' given him to renew hie visits whenever he may think proper or convenient ; for an old resident of India, although most unbounded in his hospitality, must have some intimate knowledge of an individual—some insight into his habits, character, ere he fraternises with, or allows a Griffin (ai a new corner in India is termed) 'to put his legs under his mahogany' whenever he likes. He will be received with marked and studied politeness, and then br w,d out most courteously ; and not until he has es tablished himself, and becomes better kno n (either personally or by report) to the old Indian, must he look for anything beyond the polite bow or nod of recognition, and perhaps, as a mark of great condescension, an occasional invite. Still, should any unforeseen misfor tune overtake him, then, upon making an application to him (provided that his entire conduct has been fair and honourable), the old Indian resident will relax his rigidity and interest himself most warmly and heartily in his behalf, and serve him to the very best of his ability and the uttermost of his power ; but o if,out u li x e other hand, the Griffin has been guilty f any ,fa pau,' or has acted indiscreetly, he has nothing to expect at the hands of the resident ; his letter of introduction will not then have the slightest weight with him. So that, in fact, these credentials are not of much value to any civilian or European on his entrance into Indian life.—Bradshatv's tiverland Guide to India." LIB LEVIATHAN.—It is more than probable that in a day or so another effort will be made to launch this monster ship. Since the last failure hundreds of work men and labourers have been daily employed in recon structing the buttresses against which the hydraulic presses are worked. These, it will be reeollected, were completely smashed in ; so great was the power brought into action, without being able to move the ship one inch. Toe new buttresses are of prodigious extent, and the engineers employed under Mr. Brunel are sanguine that they will be able to resist the utmost power that can be brought to bear upon them. The fore mooring s chain, which gave way, has been re p laced by another greater strength ; this, with the other chains laid out from the ship, were all taut last evening, and it was generally understood that to-day an attempt will be nade to haul the ship up by the head, so as to place her in a line with her stern on the ways. Her stem, it w ill be rewerukred, move d down the ways some three or tf , ur feet further than her stern did, the effect of which was that her cradle got jammed in the iron trams on the ways. In the event of this being effected, an endeavour will be made to lower the ship down immediately to low water mark, and there let her stip until Wednesday or . Thursday next for the spring tidee.