The Sun. — London, England, 1857-02-27 00:00:00

T HEATRE ROYAL, DRUM LANE,— Lessee, Mr. E. T. Smith. icting Mu:lager, Mr. C. Mathews. Stage Manager, Mr. R Roxby. Scenic Artist, Mr: W. Beverley, The eminent Comedian, Mr. Charles Mathews, every evening. Great Success of the Grand Christmas Pantomime, the most magnificent ever produced on the English stage. THIS EVENING, her Majesty's Servants will perform the popular Comedy, A GAME OF SPECULATION. Characters by Messrs. C. Mathews, A. Younge, R. Roxby, Vincent, Tilbury, Templeton, G. Honey ; Miss N. Oliver, M I % Selby, Miss Barnes, and Miss E. Wadham. After which will be produced SEE, SAW, MARGERY DAW ; Or, Harlequin Holiday, and the Island of Ups and Downs. Tile reduced prices as follows, varying throughout the house to suit every one :—Galleries, 6d. and ls. ; Second Circle of Boxes, ls. 6d. ; Pit, 2s. ; First Circle of Boxes, 20. 6d. ; Dress Boxes, 35.; Stalls, Ss. ; Private Boxes, 10s. 6d., 1 1 . ls., 11. lls. 6d., and 21.25.! ROY AL PRINCESS'S THEATRE. THIS EVENING, will be performed A MIDSUMMER NIGHT'S DREAM. After which, a new grand Christmas Pantomime, called ALADDIN AND THE WONDERFUL LAMP; or, Harlequin and the Genii of the Ring. Harlequin, Mr. Cormack ; Clown, Mr. Huline ; Pantaloon, Mr. Paulo ; Co. lumbine, Miss C. Adams. THEATRE ROYAL, HAYMARKET. THIS EVENING, to commence at Seven, with the successful new Comedy, in three acts, entitled, DOUBLE-FACED PEOPLE. Characters by Mr. Buckstono, Mr. Chippendale, Mr. Compton, Mr. W. Farren, Mr. Rogers, Mr. Clark, Miss Reynolds, Mrs. Poynter, and Mrs. E. Fitz wil lam. Followed by (10th time) a new drama, called A WICKED WIFE. After which (53th time) the new comic pantomime, entitled THE BABES IN THE WOOD, or Harlequin and the Cruel Uncle. The scenery of the opening story painted by Mr W. Callcott. The pantomime produced under the direction of M. Milano. Harlequin, M. Milano ; Columbine, Fanny Wright ; Pantaloon, Mr. Mackay ; and Clown, Mr. Driver R OYAL LYCEUM THEATRE. Lessee, Mr. C. Dillon. THIS EVENING, will be performed the new play, in five acts, 'by Westland Marston, Esq„ entitled A LIFE'S RANSOM. Lord Revesdale, Mr. C. Dillon ; Bancroft, Mr. Stuart ; Felicia Revesdale, Mrs. C. Dillon. After which, a new farce. entitled MY FRIEND FROM LEATHERHEAD. Mr. Toole, Miss Wilton, and Mrs. B. White. To be followed by CONRAD AND MEDORA; or, Harlequin Corsair and the Little Fairy at the Bottom of the Sea. The burlesque opening by W. Brough, Esq., founded upon the ballet of Le Corsair, as produced at Her Majesty's Theatre. The harlequinade upon things in gene ral. The new and magnificent scenery painted by Mr. F. Fenton. Conrad (the Corsair) Miss Woolgar Eirbarto (his lieutenant) Mr. J. L. Toole Med ora Mrs. Charles Dillon Clowns Mr. H. Marshall The box-office open daily, from 11 to 5, under the super atendence of Mr. Chatterton, jun. Carriages conveying parties to the Private Boxes to set down at the State entrance in Enrleigh-street. T HEATRE ROYAL, A DELPHI. Lessee—Mr. Ben. Webster. THIS EVENING, will be performed the popular drama of IRELAND AS IT IS. Mr. and Mrs. Barney Williams: After which. A NIGHT AT NOTTING-RILL, in which Mr. Wright and Pawl Bedford will appear. Followed by a new Piece de Caractere, entitled IN AND OUT OF PLACE. Mrs Barney Williams. To conclude with the new original comic drama, called BARNEY THE BARON. Barney O'Tcole, Mr. Barney Williams. J , OYAL SURREY THEATRE, Lesqeeq, Messrs. Shepherd Creswick. THIS EVENING, A NEW WAY TO PAY OLD DEBTS. Sir Giles, Mr. Creswick. After which, HARLEQUIN AND THE SUMMER QUEEN. Harlequin, Mr F. Clover; Clown, Mr. Buck ; Pantaloon, Mr. Bradbury; thq Four Sprites, the Fillis Fa mily ; Columbines. Mesdames Marie and Agues. ASTLETS ROYAL AMPHITHEATRE. Lessee and Manager, Mr. W. Cooke. Continued and unabated Success. This Evening, will be presented the theme of the most flattering enlogium from the whole of the press, the operatic drama of ROB ROY, with Equestrian Illustrations invented by Mr. Wm. Cooke, and with the original music. Rob Roy, Mr. James Holloway. After which, the Equestrian SCENES in the CIRCLE. To conclude with the equestrian comic pantomime of PAUL PRY ON HORSEBACK. C,ommetee at seven o'clock. Dress Flexes, 4s. ; Upper Boxes, 35.; Private Boxes, from 11., no charge for booking ; it, 2s. ; Gallery, ls. ; Upper Gallery, 6d. F.ox office open from Eleven till Four. Stage Manager, Mr, W. West. Equestrian Director, Mr. W. Cooke, jun. A CNTERBURY HALL, Westminster-road.— OPEN EVERY EVENING.—The follow ing company of Vocalists are engaged for the performance of Selections from all the popular Operas, Madrigals, Choruses, Glees, Ducts, &c., viz.: Miss E. Pearce, Mrs. J. Caulfield, Miss Brunel!, Miss Summers, and Madame Marietta; Mr. J. Caulfield, Herr P. JonglimanA, R. Grover, T. Farrant, S. Jones, J. Barker, W. Melling, P. Corn, Senor Antonio M. ale Solla, and E. L. Mime ; Masters Austin, Pennett, and Coni; Messrs. Sam Collins, E. Hackney, and C. J. Wilkins. Pianoforte, Mr. Cecil Hicks; harmonium, J. Caulfield, jun.; director, Mr. J. Caulfield. Commence at Seven o'clock pre cisoly. Suppers, &c., until twelve o'clock. 71IGEI WATER AT LONDON BRIDGE. TR'S DAY—Morn. 50 min. aft. 3 ---rvening 10 min. aft. 4 1.-Mosnow—Morn. 29 min. aft. 4 —Evt ning 49 culn.aft. 4 T 11K WEATFIEIt—Sus Omer, FEBRUARY 27. THERMOMETER, IN THE SHAM —highest tined noon yesterday. 41. —lowest this morning and during the night. 50 -this day at noon. P A ROMMTER, 30 . 47--falling. WIND- North in th© morning ; now S.W., with fine, but rather hazy weather. fq.7l ) - lAA( LONDON, FRIDAY, FEBRUARY 27, W 7 The Chinese "Arrow" has hitherto been aimed but ineffectually at the BuLL's-Eye by the Oppo sition. It has flown wide of the mark in the Lords—so wide of the mark that there was a clear majority in the House of Peers, last evening, of no less than thirty-six, out of an aggregate of two hundred and fifty-six votes, in favour of the Government. The deadly bolt simultaneously aimed at Ministers in the Commons Ftill trembles, as it were, in midair on its way to its destination. The accuracy of Mr. COBDEI•I'S aim doubtless re maining to be tested, no liter than this evening, by a division of the House at the close of the ad journed discussion. Already we have expressed our opinion upon the question at issue as clearly and distinctly a s , we believe, it could by any possibility be expressed in written language. That opinion we are solici tous to reiterate, however—now that the matter has been already debated so thoroughly in both Rouses—to reiterate with equal clearness, and equal distinctness, with, if it be at all practicable, still stronger emphasis, and still more studied and conscientious deliberation. The Controversy decided only yesterday in the Rouse of Lords, the Controversy about to be de cided to-day in the House of Commons, involves within it topics of the most momentous con sideration. It involves much more than the policy of a .. Ca.ninef, or the fate of an Administration. It involves the honour of the Country and the dignity of the Crown. It a ff e cts the reputation of England among the Na tions of the Earth. It affects her fair fame, her national credit, her international prestige, the glory of her Constitution, the truth, the justice, the magnanimity influencing the humanity , the whole of the compli cated ma. movem ents of the chinery of her Govern ment. We have re cognised all this from the commencement. We app rec i ated, magnitude of the from the very outset, the in terests, the grandeur of the principles, the im mense importance of the inevitable and vital con sequences entangled in the intricate network of this new Chinese Difficulty. Insomuch did we understand this at once, that we endeavoured, as far back as the morrow of New Year's Day, 1851 —the very day upon which the details of the C an t o n Quarrel first reached this country—to sum up with judicial impartiality the evidence submitted upon this matter to our consideration. It did not require many minutes to perceive that the contention which had suddenly sprung up in October last between Consul PARKS and Commis sioner Tu z was one which imperatively demanded THE SUN, LONDON, FRIDAY EVENING, FEBRUARY 27, to be scrutinised without passion and without pre- udice. Affecting as that quarrel did the relations of two vast empires, and besides that, in a very peculiar manner, the character of the British Gc- vernment. Wherefore, seeing all this, as we have said, we strove in the first instance, with conscien- tious scrupulosity, to strike the balance of the ar gument, weighing the pros and cons of that argu ment by means of a judgment held, as nearly as possible, in a state of absolute equilibrium. As we intimated in our remarks upon this subject on Wed nesday evening —whatever mere " appearances" might seem to indicate at the outset, we felt that Nte ought in reason, in justice, in humanity to pause before precipitately jumping to a conclusion in a matter of such vital consequence. We did so. And we did ao, as facts have proved, not by any means inconsiderately. The whole of this extra ordinary Chinese Controversy was involved, in regard to the mere facts of it, in so much obscu rity, in so many doubts, in such infinite and appa. rently inextricable confusion—that it became, as we considered, an imperative duty with us to ex- amine the matter minutely before arriving at any positive conclusion as to the supposititious Right or Wrong vibrating pendulously between the British Consul and the Chinese Commissioner. It was especially because of the obscurity, the confusion, and the complication of the entire question at issue, that we hailed with so much sa tisfaction the appearance in extenso of the official correspondence. It was even with peculiar and unaffected pleasure, in one sense, that we observed the hostile attitude in regard to Ministers as- sumed upon this Colonial Controversy by the Leaders of Her MAJESTY'S Opposition. It was obvious at a glance that from the Collision of Parties some flashes of light might be most vividly and effectually thrown upon the "darkness visible" of this tenebrous controversy. Neither have we in any respect been deceived in our an ticipations. The subject has now been completely and satisfactorily ventilated in both branches of the Legislature. Truth, as usual,_ has sprung to view out of the contentions of debate—like the seeds of light that sparkle from the clashing arms of combatants. And what confirms us all the more securely in, the ultimate decision at which we have arrived in the matter of this Chinese Difficulty is the consideration of the really extraordinary powers ineffectually concen trated upon the task of upholding the fallacious side of the argument. In this respect the Earl of DERBY'S opening oration—an oration zo strongly condemnatory of the war as almost to amount to a virtual impeachment of Ministers— was sufficient of itself to exonerate from all blame whatever, in reference to this difficulty, the mem bers of Lord PALMERSTON'S Administration. If that was the best case Lord DERBY could make out against the Cabinet, they must needs, in truth, be altogether guiltless ! But when it is remembered that, in addition to the Earl of DERBY'S superb rhetorical onslaught, there were directed against Ministers upon this question, in rapid sequence, the cumulative force of Lord ST. LEONARDS' legal eru dition, of Lord ELLENBOROUGH'S trenchant invectives, of Lord LYNDHURST'S almost pythonic denunciations, of Lord GREY'S snarling acrimony, and of the Bishop of OXFORD'S politico-ecclesiasti cal fulminations—and all to no end whatever beyond that startling anticlimax to an Opposition Attack, a signal Ministerial Triumph—What shall be said THEN? What?—buttliat the same argument from its own inherent unsoundness must fail no less entirely in the Commons than it has already failed, completely and egregiously failed, in the Lords—what though it has already been sustained so far iu the popular branch of the Legislature by the " remarkable and enviable eloquence" of Mr. COBDEN, by the variable and splendid abilities of Sir EDWARD LYTTON, and by the authoritative voice of my Lord JOHN RUSSELL—himself of late, it, must be adm:tted, t some Extent the Arbiter of the Destinies of the House of Commons. It remains now, however, to be seen whether the great Whig Leader can still maintain his character as the Arbiter of those high Destinies—when Truth, and Justice, and the Dignity of the Crown, and the Honour of the Country are arrayed against him on the aide of her MAJESTY'S Government Lord CAMPBELL'S motion for the appointment of a Select Committee, to inquire " whether the privilege now enjoyed by reports of Law proceed ings might not be safely and properly extended to proceedings in other bodies" was last night carried by acclamation in the House of Lords. We trust that the Committee will speedily enter on its duties, and discharge the trust confided to its care in an enlightened spirit, and with sound judg ment. By t:iis means', we hope, ere long, to witness the removal of one of the most glaring defects in the existing law of the land, and the substitution of more salutary regulations for those which have operated very prejudicially both to the interests and efficiency of journalism. The recent case of DATISON v. DUNCAN has exhibited the deplorable state of the law in a ' very striking point of view. It has revealed the stringent re striction by which the British Press is fettered, and which, if strictly enforced, would para lyse its exertions, and destroy its utility. We venture to assert that if the machinery of the law were put in motion on every possible occasion no person could venture to carry on the business pf a public journalist. "The Freedom of the Press " would cease to be the boast and security of Englishmen. It would be impossible to report the proceedings in either House of Parliament, or, at public meetings, to comment upon the acts of any public man, or to give any intelligence that might be displeasing to any person whatsoever. Newspapers would cease to contain news. They dmerely give verbatim, re p or t s o f procee di ngs in o u the Law and Police Cou r t s . I t woul d not would suffice that they should be fair abridgments. The party complaining might choose to consider any omission as prejudicial to his interests, and punish the journalist for not having sufficient space to publish a mass of dull and irrelevant matter. This anomalous and untoward state of affairs is prevented by the very creditable forbearance exhibited by the great majority of the people. In 99 cases out of 100 a person who feels himself injured, when satisfied that there is no improper feeling against him, on the part of the journalist, either passes the matter without notice, or merely in a temper ate and gentlemanly letter explains the mistake and requests a correction. But occa sionally a person of a different temperament turns up---one who peremptorily demands, what ha is pleased t) term " an unqualified," or possibly even an "abject" apology. If the demand be not complied with instanter, if time be requested for inquiry, or consideration, an action is commenced, and costs' being unnecessarily incurred, become additional elements to be taken into account ; and we regret to say that where lawyers are consuli`ed, they, in t o o many instances, are 11 no means disposed to act the part of peacemakers. Now the simple point at issue is, whether the law should The in ac cordance with the general feeling, so that n o person should be subjected to legal pro- ceedings without actual malice, or such culp able negligence as may be fairly taken to amount thereto ! or, should the present peremp tory gentleman who takes his angry passion as his only guide, be permitted to indulge his matevo• lence and vindictive feelings at the expense of the Fourth Estate ? This is the real question, and to this the Select Committee of the House of Lords will have to return a suitable answer. The whole mischief has arisen from a legal fic tion. "Malice" is an indispensable requisite in every proceeding, and if the word be omitted from ;he indictment or declaration, it cannot be sus- tained. But this fact, which indicates the natu ral and constitutional law, is evaded by that which may be properly termed " Judge-made" law. It is considered that the "Malice" need not be ex. pressed. The mere fact of the publication implies it, although it may bo clearly and distinctly re butted by the most conclusive evidence. This evil would be completely averted by render ing the question of "malice" one to be decided by the jury on the actual facts of the case, and not by the Judge according to fixed rules. We believe that no respectable journalist, who desires conscientiously to discharge his duty, would ask more than that the whole question should be sub mitted to the jury, and that their decision, when given in accordance with the weight of evidence, should be final. Lord CAMPBELL has expressed some doubts as to the length to which the privilege of reporting public proceedings should be sanctioned. We re spectfully contend that there should be no limita tion. The mere fact that they are intended to be public is sufficient to render the speaker justly responsible for every statement that he utters. If there be any valid distinction be tween " slander" and " defamation," or between written and oral accusations, it should be abolished, when the party prefers his accusations with the knowledge that they will in all human probability be subsequently published. In such a case he should be held responsible for the natu ral consequences of his facts, and it is rather a far- fetched supposition to imagine that he would commit the offence with the intention of evading its consequences by absconding from his home and country. Times have greatly changed. In the olden times journalism was unknown. The man who took the trouble of writing or of print ing since its introduction into England—for pre cedents still recognised are older than the days of CAlTON—anything about another must have had some peculiarly vindictive feeling to gratify. The " malice" was therefore reasonably preserved, but circumstances have greatly changed, and the law should vary in accordance with these alterations. Now, it is a matter, of course, that proceedings of public or local interest should be reported, and the journal by which the duty is performed has seldom if ever any feeling beyond that of rendering a faithful account of what has taken place. If any limitation, however, should be deemed essential, the best test would be that indicated by Lord CAMPBELL, viz., leaving it to the jury to decide " whether or not the publication were for the public good." Even this moderate concession would be a very acceptable boon to journalists, and save them from purely vexatious actions. We trust the Committee may speedily enter on, and conclude their labours, so that the much re quired legislation may take place within the pre sent session. We should scarcely suppose that there could be much doubt or difficulty on the subject, on which we anticipate complete unani mity from men of all parties and grades, and of every shade and variety of political opinion. WRECK OF THE MADRID STEAMER. SOUTUAMPTON, Feb. 26.—A telegraphic message from London was received about mid-day at the offioes of the Peninsular and Oriental Company in this town, announc ing that the company's steamer Madrid, with the out - ward Peninsular mails, struck on a rock on the 20th inst. while entering the harbour of Vigo, but that all on board were happily saved. The Madrid is one of the oldest and smallest of the Peninsular and Oriental Company's vessels. She was 480 tons, and 140 horse power. She left hereon the 17th inst., under the command of Captain G. Bradshaw, and took out, besides the mails, 18. passengers, 16,8571. in specie for Cadiz, and a miscellaneous cargo. The Alhambra, on her arrival here on Monday morning, reported hav ing spoken the Madrid at 1.30 p.m. on the 20th inst. off Salbira Island, bound for Vigo, which must have been but a short time before the unfortunate steamer met with this disaster. Nothing further is known here of the accident or the condition of the ship. Immediately on receipt of the message here the neces sary measures were taken by the company's superin tendent at Ulla port, Captain Engledue, to get assistance ready for despatch by their steamer Tagus, Capt. Chris• tian, which leaves to-morrow for Vigo, &c., with the regular Peninsular mails of the 27th. SOUTHAMPTON, FRIDAY, 10 A.31.—N0 further informa tion has yet been received respecting the steamer Ma drid. Captain Tregar is under orders to go out in the Tagus steamer, Captain Christian, which leaves here to day at noon with the Peninsulir mails, in charge of a number of seamen, shipwrights, boilermakers, &c., and a quantity of gear, and every necessary apparatus, to render any assistance to the unfortunate vessel that cir cumstances may require. Some days must elapse, it is ex i iected, before detailed particulars of the accident can be received. THE NORTH OF EUROPE STEAM COMPANY. Some of the principal pr..prietors in the North of Europe Steam Company had au interview with the chair man and directors yesterday afternoon, to ascertain if there were any adverse circumstances to account for the sudden fall in the shares which has recently taken place. The result was calculated to re-establish perfect oonfidence. Mr. Coleman, the accountant, attended, and confirmed the fact that every dividend hitherto pail has been clearly earned, and it was stated that although, owing to the ill-health of the managing director, some of the traffic arrangements of the past six months may have been injudicious, there is nothing whatever to prevent them from being imme diately placed on a satisfactory footing, or to interfere with the permanent prosperity of the undertaking. The Board hold between 4,000 and 5,000 shares, and the ma naging director has increased his own from 40 to 300, which be still retains. Alt the routes maintained are re• munerative, and full details wi 1 be furnished at the meeting in March, to enable each shareholder to form his own judgment on that and every other point. SACRED HARMONIC SOCIETY.—Mr. Sims Reeves having recovered from his recent indisposition will sing to-night in Mr. Costa's ora t o rio " Eli. ' Russia, having become jealous of the increasing in fluence of France in Montenegro, has established a consulate at Scutari. The Bank of France have returned to their usual practice of discounting bills having 90 days to run. It was in October het that they adopted the resolution to exclude all bills of more than 60 days, and this was sub sequently modified to 75 days. The directors of Ambergate, Nottingham, and Boston Railway recommend a dividend of 2s. Bd. per share, free of income tax. The proposed dividend of the Leeds, Bradford, and Halifax Junction Railway will be at the rate of 6 per cent, per annum. The directors of the Edinburgh and Glasgow Railway have declared a dividend of 24 per cent. The prospectus has been issued of the London Una dulterated Food Company, with a capital of 100,0001., in 201. shares. Dr. Letheby is to be the chief ana l y st, and the names of the v ar i ous dealers authorised to sell the company's goods will be advertised in the local papers throughout the country. The prospectus has been issued of the London Invest ment Company, with a capital of 100,000/., in 101. shares, for the purpose of affording facilities analogous to those of savings -banks, but of an extended character. SOUTHWARK COUNT? COURT.—This court, which has been closed for some weeks owing to the resignation of the late judge, Mr. George Clive, M.P. for Hereford, was re-opened yesterday for the transaction of business. Mr. Charles Shapland Whitmore, of the Oxford Circuit, is the new judge. NEW ARCTIC EXPEDITION.—In consequence of the adverse decision of the Admiralty in the House of Com mons on Tuesday, a decision so little anticipated after a suspense of many months, during which time the subject was under consideration, Lady Franklin is under the necessity of undertaking, on her own resources, the completion of the search for her husband's expedition. The late period at which this decision is made known renders it impossible to make the requisite preparations for proceedirg by the east. • The western route by Behrinee Straits will, therefore, be adopted. AMERICA. LIVERPOOL, THURSDAY. The Cunard screw steam-ship Alps (of the Havre and New York line) arrived this morning from New York with advices to the 14th inst. and 3,150 doll. specie on freight. The Alps made the run from New York to Liverpool in 11 days 11. hours. Her outward passage from Havre to New York was made in 12 days 17 hours. The screw steam-ship City of Manchester has also arrived from New York, whence she sailed on the 12th ult. The City of Baltimore, hence, arrived at New York on the 12th inst. The Europa, hence, at Halifax on the 14th inst. The Anglo Saxon, hence, at Portland, on the 13th. The Cunard Company will despatch the Alps on Wednesday next, the 4th of March, the day on which the United States steam-ship Baltic should have sailed with the mails. The Senate had taken part with the House of Representatives in opening and counting the votes for President and Vice-President of the States. The event, says the Washington correspondence of the Journal of Commerce, is not without interest and dignity even upon an occasion when, happily for the peace of the country, there was neither doubt nor dispute as to the choice of the people as ex pressed through the electoral colleges. It says the time may come when again, as in 1801, there might arise a eerious difficulty in carrying out the purposes of the constitution. Though one source of danger was removed by a constitutional amend ment, others might be imagined as of possible de velopment in case of a close and doubtful result of a Preeidential election coinciding with an in flamed condition of the popular mind. Upon the return of the senators from the house, the teller of the Senate reported the result of counting the elec toral votes, and added the fact that the electors of Wisconsin had not assembled, and cast the vote of that State till the day atter the time prescribed by law. Mr. Weller offered a resolution that a com mittee, to consist of one member of the Senate and two members of the house, be appointed to inform Messrs. Buchanan and Breckenridge of their elec tion. Mr. Crittenden moved as an amendment, in substance that the vote of Wisconsin ought not to be included in the list of electoral votes, and that any member of either house had the privilege to object to the counting of said votes ; and t'. at it was competent for the Senate and house alone to decide that question. Pending the question an adjourn ment took place. In the House of Representatives Mr. Barbour had moved the reconsideration of the vote by which the Senate Submarine Telegraphic Bill had been referred to the Committee on Post-offices. The proceedings in reference to opening and counting the votes of the electors of the several States for President and Vice-President were commenced by the President announcing their object, and stating that they were pursuant to law and in obedience to the concurrent orders of the two Houses. When the certificate from Wisconsin was read, the re marks made iu the Senate relative to the vote having been cast on the wrong day were repeated. A short discussion upon this point occured, at the conclusion of which the President announced the state of the vote in detail, and in further execu tion of the concurrent order of the two Houses, announced that James Buchanan and John C. Breckenridge were duly elected President and Vice-President for the term prescribed by the con stitution, commencing on the 4th of March next. Some Californian capitalists had contracted with a New York shipbuilder for the construction of two steamships, each of 7,000 tons. They are to carry 3,000 passengers and accomplish the trip to the Isthmus in 15 days. The dimensions for these steamers are as follows:—Length, 440 feet; breads h of beam, 55 feet Ldepth of hold, 34 feet. In the New York money-market the demand was active, and rates had advanced to 9 to 10 per cent. for prime paper according to maturity, and 7 to 8 per cent. on call. In exchange but little had been done, and prices in general were flat. The rates were 8i to 8i per cent. premium on London; from sf. 231 c. to 51. 22tc. Paris; sf. 21tc. to sf. 20c. Antwerp ; and 36a to 36i Hamburg. The stock market had continued to decline. Freights firm, but quiet, but expected to improve from the re opening of the southern and western harbours. To Liverpool, 7-3211. to id. for cotton, including Sea Island at Id. ; 2s. 3d. fer flour, and, nominally, 7d. to 72,d. for grain. To London, 3s. per 2831 b. for spirits of turpentine, 2s. nd. to 2s. 10d. for flour, and Bd. per bushel fur corn. NEW ORLEANS, l'Eu. 12. Cotton is firm ' • sales to-day 9,500 bales. Mid dling is quoted atl2ie. to 1210. Sugar firm. Flour very dull. Pork quiet. Lard quiet, at 12c. in tierces. Freights to Liverpool, id. to 9-161 Sterling exchange, 61 prem. CHARLESTON, FEB. 12. Sales of cotton to-day, 1,900 bales ; of the week, 10,000 bales. The market closed at an advance of c. to ic. on the week. Good middling is quoted at 13e. THE LUNDHILL COLLIERY _EXPLOSION LIINDHILL, WEDNESDAY, 7 P. M. The works at Lundhill were not visited by so large a company as upon the previous days, still there was a considerable number present. The temperature of the air shaft was about the same as on Monday and Tuesday, ranging from 72 degrees to 75 degrees. A Davy lamp was put down the shaft, but was extinguished almost immediately on its descending. About six o'clock this evening, on. Messrs. Webster and Maddison trying the tempera ture, in company with Mr. Morton, inspector, a crash was heard in the vicinity of the cupola, which had: the effect of sending the people running t' a con siderable distance, as it was believed that a second - explosion had taken place. The noise, however, appears to have been caused by a fall of stone in the cupola. Shortly before six o'clock, Messrs. Maddison and Webster having reported as to their proceedings with regard to the colliery since the last meeting, the same was taken into consideration by the gentlemen present,—Messrs. Nicholas Wood, J. W. Day, Holt, Elliott, and Woodhouse. After a lengthy consultation, The Chairman (Mr. Nicholas Wood), in stating the conclusion arrived at, alluded to what had been done by Messrs. Webster and Maddison, and others, since the last meeting ; a day or two after which the following letter was addressed to Messrs. Wood, Elliott, 'Woodhouse, and Holt : " Gentlemen,—We, the proprietors of the Lund hill colliery, request and authorise you to under take the entire direction and responsibility of re opening the pit and recovering the bodies therein ; and you are hereby empowered to engage and in cur any expense in our behalf.—Yours, &c., " W. TAYLOR, Jun., and Co." On receiving the above application, although it would cause them great inconvenience, yet they thought it their duty to undertake the responsi bility. They would engage to procure an able, efficient staff for carrying out their intentions, so that no time should ba lost in carrying out such measures as would tend to the opening of the pit and the recovery of the bodies. With regard to the measures already adop` ed, they did not consider them satisfactory ; so that they thought the only course now to be adopted was to fill the pit with water. They had opened the down-cast shaft, which had become, in fact, an up cast shalft, showing that the water had already stopped the communication between the two. The up-cast shaft they found still open, the temperature of which was 99 degrees at the bottom, which was 40 degrees more than it should be, a proof that the fire was still raging. The going-down shaft was rendered impracticable by the water filling to the bottom of the downcast shaft. They were una nimously of opinion that any attempt, at' pre sent, to get into the pit, would be attended with great danger. They had under consideration the filling of the pit with water, to extinguish the burning matter. That, however, was open for dis cussion, ana would be brought to a conclusion that night—that is, whether it would be adopted or not Mr. Wood then instanced a case of a colliery with which he was connected, which has only one shaft, and having bean kept six weeks covered after a si milar occurrence fire still existed ; and it was not till eight weeks after (making a total of 14 weeks), that it could be safely opened. They considered that it would be a vast saving forthem to continue the running of the water into the pit. They had under consideration the desirability of tutning the brook adjoining the works. into the pit, so as to fully quench the fire, as by drowning the pit you may make sure of extingu'sbing the fire. That, however, was not decided on by the gentlemen who had undertaken the task of opening the pit. Mr. Morton (inspector) expressed his concurrence in all that had fallen from Mr. Wood; he also concurred in the measure that had been adopted, as also the change that had taken place that day, in placing the management in such able hands. The measures proposed for the extinguish ing of the fire appeared to him to be the most likely to effectually carry out that object and restore the bodies of the men with the least possible risk to those on whom will devolve the duty of searching for the bodies—these will be the works of difficulty and danger, and must be carried out in the most skilful and ab!e manner, so as to preserve those who undertake the painful duty. THE UNE3IPLOYED. Yesterday afternoon another meeting of the unemployed was held on the site of the Smithfield-market, for the purpose of giving some infor mation relative to the system of poor law relief, and also with regard to free emigration to the colonies. About 2,500 persona were present. LATEST NEWS. Intelligence from Constantinople, of the 20th, states that Mehemet Bey (a Hungarian) had ac cepted the command of the independent Circas sians. Four hundred men of the now disbanded Polish Legion have embarked for Circassia on board English (merchant) steamers, towing ships , loaded with stores and arms. The English fleet will remain at Buyukdere till he 24th of February. English functionaries have undertaken the management of the electric telegraph between Varna and Constantinople. The Russian fleet in the Caspian will disembark at Asterabad 2,500 irregular troops from Daghes tan, with munitions of war. Intelligenoe from Bombay, of the 2d inst., states IA Mr. Murray had arrived at Bushire. The English had established their head-quarters at Bussorah. The Chinese continued to bombard the English forts. NAPLES, FED. 23. The ovall is tranquil, but numerous secret societies are rumoured to be actively at work. The rumoured domiciliary visits at the Filan gieri and Ischitella's are contradicted. A despatch from Palermo, of the 21st, states that Spimozzi, an officer of Count Bentivenga s s force, and several of the fugitive insurgents, have been arrested in the disguise of peasants. MILAN, FEB. 25. The Archduke Maximilian is on his return from Trieste. The promulgation of the new organisation of the Lombardo-Venetian provinces is momentarily expected. The Paris correspondent of the Times (second edition) says : " Those who declared in positive terms a few days ago the definitive settlement of the Persian question were exceedingly premature. The Rus sian organ, the Nord, of Brussels, whose habit of sweeping assertion has acquired for it a cer tain notoriety not tending to increase its credit, announced the same fact as undoubted, and, as is also its wont, greatly modified its assertion subsequently. Even now, whatever the pa tient perseveraßce with which the negotia tions are followed up, or however promising the prospects, it would be unsafe to affirm that the ques tion is finally settled. Under all the circumstances of the case no one would be justified in saying so un til the signatures of the British Minister for Foreign Affairs and the Persian Enveiy are affixed to the Peace Treaty, and even then we have no certainty that the affair is concluded. Our Government may accept and sign the Treaty, but it must be remem bered that it has to be ratified at Teheran ; and this ratification depends on whether Russian influence is, or is not, all-powerful at the Court of the Shah. If Russia can dictate, and if the Persian Govern ment submit t o her dictation at the moment the news of our Treaty is received there, or if she be more powerful than France, the chances against the rati fication are increased ; and it would be exposed to the risk of being rejected altogether. When gentle men exhibit impatience in Parliament about the progress of these negotiations, it would be well to , bear in mind the endless delays and numerous diffi culties which are almost invariably encountered in negotiations with Orientals. Such people can hardly over be brought to a point. They are fluent, mai- fluous and complimentary in speech ; talk much, are plentiful in sounding phrases, and are abundant of promise ; but when you fancy the moment is come for business, and that every difficulty, every mis understanding has disappeared, you are mortified to find that you are as far off as ever from the con clusion. The hopes based on the promise of one day are scattered on the next, and you have to begin the weary work again. Then the repugnance these people have to put down anything on paper. None seem more impressed with the maxim verba volant scripta Ina/tent, and they prefer words, which are but w:na, to the black characters which stare them in the face, and which cannot be denied or explained away. If the negotiator were any one else but a Persian, it is probable that not one, but half h dozen, peace treaties might have been nego tiated, signed, and ratified since the first interview with Lord Stratford. " I learn that the Russian Ambassador in Paris, as well as the Persian Envoy, deny the existence of the treaty between Russia and Persia, said to have been ratified at Teheran on the 18th of January ; and the Nord gives a similar contradiction. I need hardly say that the non-existence of that treaty re quires some authority less interested in keeping it secret than either of the parties just mentioned." --......... FRANCE. PARIS, THURSDAY. A notice was posted to-day at the Bourse, that from this date the Bank of France will discount 90 days' bills. The Moniteur contains the following notice : "A pamphlet, published by an t x-professor, M. Ber sot, and articles inserted in several journals, appear to have excited doubts and uneasiness as to the idea of the government on the subject of the new system of iristruc tion adopted in the University. There is not the slight est cause for such uneasiness. The Minister of Public Instruction has frequently expressed his opinion that it would be rash and impolitic to make any change in the present system, which perfectly responds to the wants of the country, and that opinion remains unchanged. Although experience has shove that certain practical modifications may be made with advantage, yet it is the firm intention of the government to maintain and respect the present system of studies, and thus to continue the just satisfaction given by the indispensable alliance o' literature and science." BOURSE, Feb. 26.—The following were the lasi quotations :..... Belgian Five 5....,.. . '99 11 Cub. 44 per Cents 95 50 3 per Cent 5.......,.. 69 70 New Lo an . Banki Shares ....... 4 200 Roman Credit Mobilie.; ....... 1 1 415 Austrian Piedmontese (5) ........ . 90 75 Ho me Debt Spanish Threes RAILWAYS—FOR CARS. End of Month. —fr. 69 85 ---- ••- - - f i C Orleans ............... 1,412 50 Western B2O N0rt hern............. 960 Strasburg Lyons ................. 1,435 New Ditto Mediterranean ....... 3,835 Grand Central 605 Lyons Geneva .... 765 Teste Cette .................. 785 Austrian Cum. ....« 767 50 TRH LOYAL BRITISH BANK. Yesterday a ft ernoon, at h a lf- pas t th ree o ' c l oc k, the Attorney-General received a deputation, consisting of Mr. James Wyld, chairman of the Committee of Depo sitors of the R oya l Brit i sh B ank ; M r . R o b ert T ay l or , Mr. B. Fost er • Mr. G. J. Kain, and Mr. A. Folkes, members of the committee ; Mr. John Linklater, soli• citor for the. assignees ; and Mr. H. Freshfield, Mr. Coverdale, Mr. Reed, Mr. E. Lawrence, and Mr. Field, solicitors for shareholders. The object of the deputation was for the purpose of calling the Attorney- General'e attention to the anomalous state of the law with reference to the bankruptcy and winding-up of joint-stock betaking companies, with a view to protect shareholders from being entirely ruined by numberless actions, and to enable assignees, on behalf of credito rs, to enter into compromises The Attorney-General fully concurred in the views of the deputation, And prow . sed to speak to the Lord Chancellor and the Vice-President of the Board of Trade on the subject of a bill to be brought into Parliament to remedy the defects in the law. The deputation withdrew, after thanking the learned gentleman for the kind manner in which they had been received. The last accounts from Algeria state that Marshal Rsndon is to embark on the 28th inst. for Biarseines, on his way to Paris. - 1857.. VICTORIA DOCK COMPANY. lIVIONEY MARKE At a meeting of the Victe;ia (London) Dock Company, held yesterday, Mr. C. Morrison presiding, the report was unanimously adopted. The directors were also au thorised to take steps for converting the paid-up shares into stock. With regard to a bill for which the board are making application to Parliament, it was stated that the objects contemplated include an extension of time to complete the works on the additional land to the east of the docks, and the formation of an entrance at the south side, in addition to the one at Galleon's Reach. Permissive clauses have at the same time been introduced to allow a sale of the Steelyard property, if necessary, and to extend the lease of the Docks from its present term of 19 years to 99, Ebould the shareholders and the lessees agree on terms. It was explained that if an extension of the arrangement is effected Messrs. Peto, Bette, and Brassey will form a company under the Limited Liability Act, with a view of providing the guarantee required for the extended period. A discussion took place with respect to the ac counts of the revenue for the year, some of the share holders contending that they should have been presented. It was intimated by the chairman that they were not at present complete, but that the lessees, from the general knowledge they had of their position, were satisfied with the result of the first year's working, although, beyond the 5 per cent., no surplus exists for division. The directors possess power to examine the accounts and to ascertain the progress of the earnings, but the lessees are not desirous of giving them publicity in the earlier stage of business. THE KNIGHTSBRIDGE ECCLESIASTICAL CASE. It was at first intended that the Committee of the Privy Council, before whom this celebrated case, gener ally known as the case of Waterton versus Liddell, should not give their judgment until the month of May ; but we learn, from the best authority, that the highest personage in the realm, has intimated a wish that judgment should be given forthwith, in order that an end may be put to a state of things so painful in itself and so injurious to the Church of England as that which exists in St. Paul and St. Barnabas. It is pre sumed, of course, that no one can anticipate what a judg ment will be in any judicial court, but from certain questions put by members of the Committee while the case was being heard,* the general conviction is, that it will be adverse to the Hon. and Rev. Mr. Liddell ; and it is added that the Hon. and Rev. Gen tleman and his curates are prepared, in the assumed contingency, to sehd in their resignations on the following day. We believe the day for delivering judg ment is not yet finally fixed, but it is probable it will be a day in the middle of next week. As the patronage of the two churches is vested in the hands of the Bishop of London, people will look with great anxiety to the ap pointments which the new metropolitan Prelate will make, as furnishing a better indication of his ecclesias tical views than any of his previous acts.-4forning Ad vertiser. MARKET NEWS.—(This Uay.) AND COMMERCIAL INTELLIGENCE. CITY, Two o'CLocK. The Liverpool Cotton Market yesterday clo3ed very quietly, but very firmly, and prices of all kinds were at the full rates current last week. The sales were estimated at 6,000 bales. In th 3 Railway Share Market business was active, and pi i c es were steady, with a large a mo unt of sales. The first series of Colonial Wool Sales this year commenced yesterday afternoon, and the attend ance of both home and foreign buyers was very large. Owing to the steady advance which has lately taken place in all descriptions, considerable interest was felt in the proceedings, and the biddings for the quantity offered were spirited. An advance of 2d. per lb. on Cape wool, and 3d. per lb. on Australian, was at once established, and it is fully anticipated that this improvement will be steadily supported. During the series it is expected that about 34,496 bales will be offered, consisting of 6,151 Sydney, 7,837 Victoria, 816 Tasmania, 469 Adelaide, 77 Swan River, 16,939 Cape of Ge.d Hope, and 2,207 East India and China. During the last week the business transacted in foreign and colonial produce has not been very ac tive, but prices have generally been maintained. Sugar has ruled steady, but the quantity disposed of by public auc'ion has been very small. Some descriptions of West India were yesterday disposed of at a slight decline. Coffee has been in good re quest, especially the coloury sorts, which have realised higher rates. Cocoa has been steady, and tea, which was rather flatter early in the week, has since ruled firmer. Rice has been firm at full values, and moderate purchases have been effected. For spices there has not been much inquiry. Salt petre and cochineal have been steady, and tallow is at a slight improvement. The Bank of France has at length made a move in a favourable direction, and there is now reason to believe that a steady recovery in monetary affairs will be experienced. At their sitting yesterday the directors agreed to negotiate commercial bills of 90 days' date, the limit having previously been 75 days. The measure was _pretty gene rally anticipated, but at the same time it is one of great importance, inasmuch as it proves a diminution of monetary pressure, and leads to the presumption that a reduction in the terms of discount will soon follow, if no unfavour able events occur to reproduce stringency. Already there is a disposition to enter into speculation, and the commercial interests are looking forward with increased confidence to the future. About 15,000/. in gold was withdrawn from the Bank yesterday for transmission to the continent. The steamer . Tagus, which leaves to-day for Cadiz, takes out 55,0001. in bar gold. At the meeting of the Norfolk Railway Company to-day a dividend at the rate of 4 per cent, on the ordinary stock was declared. The meeting of the Newport, Abergavenny, and Hereford Railway Company was held to-day, when the guaranteed dividends of 5 and 6 per cent. were declared, and a considerable balance taken over to next account. The meeting of the South Yorkshire was also held. The revenue was satisfactory, and after par ing the guaranteed dividends a surplus remained more than suffic'ent for paying 4 per cent. per an num on the ordinary stock of the company. The meeting of the East Kent Railway has just taken place ; Lord. Sondes in the chair. The report stated that the works were progressing satisfactorily. The accounts showed a balance of about 13,8901. in the bands of the company. There has been no movement of importance in the English Stock Market to- ay, but the quota tions are rather heavy. The preparations for the settlement no doubt check fresh purchases, while the dearness of money likewise exercises a depress ing influence. Consols have been 931 4 and 93i for money, 93l 94 and 931 4 for the sth proximo, and 94 4 for April account. The New 3 per Cents. have been dealt in at 94i I, the Reduce d at 931 to 94i, and the New 24 per Cents. at rr• Exchequer Bills are par, the Bonds 985, and India Bonds under 1,0001. 2s. discount topic Foreign Securities remain very quiet, and some of the quotations are rather flat. Turkish 6 pet Cents. have been 951 to 96 for money, and 964 for account, while the 4 per Cents. rule firm al 101. i. Spanish Certificates have been 6i, porta'. guese 3 per Cents. 454, Russian 5 per Cents. 110. and Dutch 25 per Cents. 65. Peruvian 44 Pet Cents. are marked 805, and Guatemala Bonds 613. The following are the nominal prices of Foreign Stooks :—Grenada Deferred Bonds. 64 f •, can, 21i 22 Peruvian, 80 82 ; Ditto Three pet Cents., 55 57 ; Portuguese 3 per. Cents., 44 46 Russian o per Cents., 109 111 ; ditto 45 per Cents., 97 99; Spanish 3 per Cents., 4 ditto Deferred, ; ditto Certificates, 6a j ; ditto Passive, 556. - - - The position of the market for American Secu rities is thus noticed by Messrs. D. Bell, Son, and Co. :—" There has been but little activity in the market for American Securities during the WS week, and prices are without material change, with the exception of Illinois Central Bonds and S harer which have further improved" : GOVERNMENT SECURITIES. Redeemable. Per COIL United States 6 per Cents. 1867-18168-105 105 United States 6 per Cent. Bonds 1868...105 105 STATE SECURITIES. Maryland 5 per Cent. (Sterling Bonds)... 89 91 Massachusetts 5 per Cent. (Sterl. Bonds). ...101 105 Mississippi 6 per Cent. Pl. Bk. Bonds Mississippi 5 per Cent. Union Bk Bonds 16 18 Pennsylvania 5 per Cent. Stock Pennsylvania 5 per Cent. Bonds ....1877... 80 81 Tennessee 6 per Cent. Bonds Virginia 6 per Cent. Bonds 1886... 83 84 Virginia 3 per Cent. (Sterling Bonds) 1888... 84 g LOANS OF CITIES. ilontreal 6 per Cent. Bonds 1856-1865... 82 84 New Orleans 6 per Cent. Stock RAILROAD BONDS. Illinois Central 7 per Cent. let Mortgage, not Convertible 1875... 90i 91 Illinois Central 6 per Cent 1875... 87 89 Illinois Central 7 per Cent. Freeland Bonds 1860...108 noxa Illinois Central (Shares), $25 paid 32 34 P Michigan Central 8 p. Cent., Convert 1860... Do: do. do. ... 3869... 9 t 90 ?'" New York Central 7p. Cent., Convert 1864... 93 95 New York Central 6 per Cent., not Convertible 1883... 80 82 New York and Erie 7 per Cent. 3d Mort gage lBB3— 85 81% 61 N. York and Erie 7p. Cent. Convertible 1862... 80 82 N. York and Erie 7 per Cent. Sinking Fund 1875... 83 85 Panama 7 per Cent., let Mortgage 1865... 93 Pennsylvania Central 6p. Cent.,, Ist Mort 1880... 89 90 The Railway Share Market has been depressedi and a slight decline in the quotations of most of till leading lines bas taken place. Caledonian recede" ss. to 10s., Great Northern about 10s., Lancashire and Yorkshire 55., North-Western 10s,, M a ncha; ter, Sheffield, and Lincoln ss. Midland 155., an d Oxford, Worcester, and W olverhampton ° e l Grand Trunk of Canada advanced 10s., and Gros: Western of Can a d a s s. P ar i s and Lyons recede'. 55., Lombardo-Venetian 55., Dutch Rhenish 5 0 .1 and Great Luxembourg, ss. No business of any importance has been done in British, Foreign, or Colonial Mining Shares. Joint Stock Bank Shares have been at stela,: rates. Bank of Egypt advanced ss. ; Oriental Bank, ss. In Miscellaneous Shares the transactions hay. been unimportant. North of Europe Steam, how' over, have recovered to 13i ; the late reports re' lating to this undertaking having been unfounded' du T2OBIS : i AY' (From (lie Offiosal Litt:) Bustniss BRITISH FUNDS.—CLOSING PRICES— -94 1 31 31 , ber Cent. Consols An ni p tles Ni I 1 Ai/unities I! t s - k p n e k t S e t oe Cent. i {. e . . L . ( . ; e . ;I . . A . . n . ii . . n . . i . t . , .............. . .. . . . New 3 per Cent. ities Loag Annuities, sxrdr? Stn sth April, 18EIr lBi i Ditto 30 Years, expire India Bonds. .ClOOO .......... ........... New 24 per Cent. Annt,i_, Jan. 1860. L'T Ditto, under £ lOOO 2 d par C ons ols for Account Fachorier BOA 2 id• E lOOO .......... ...... ....... .............. . par 860 0 . ................................ ... ...... 4 p p at o=ll. ...- ...................... 4 p par Ditto Advertised .......... pa r 2 p Ditto Bonds. 185 8. 31 per C e nt. ............. bgi t PRICES OF FOREIGN FUNDS—THIS DAY. Danish Bonds, 3 pei Cent., 1805 B5 Ditto 5 per Cent. ...... Guatemala Bonds, 5 per Cent . * Peruvian Bonds 44 per Cent Portuguese Bonds, 5 per Cent., Con. 1841 Ditto 1853, 3 p er Cent Russian Bonds, 1822 , 1: St , 5 per Cent llO Ditto, 44 per Cent. * 9B 4 1 2 Rpani. Bonds, 3 pe r Cent. Turkish S panish Committee C er t. of C o up. nut fun 6l V Bondi, 6 pox cent 961 Ditto Account Ditto Guaranteed, 4 per Cent. Ditto Account Venezuela Bonds, 41 per Cent Dividends on the above payable In Londcn. Dutch Exchange, 24 per Cent., 12 Guil 65 Ditto 4 per Cont. Certificates 93a I Consols, money 93 Ditto, Account (March 5 IHBEE O'CLOCK. DISCOVERY OP COAL IN THE PHILIPPINE ISLES..-- 44 : notice appars in some of the newsp a p ers to the sfico: that, by advices from Manilla, a r i ch coal-mine of ezcov lent quality bad been discovered in the provin ce of i; bogney, which it was expected would 'rove a BOUTOO wealth in connection with the steam navigation (:)f Oc t Indian and China Seas. CORN EXCHANGE. Fresh up, to-day, a very moderate supply of English wheat came to hand, coastwise and by lan4 carriage. Al though the show of samples of both red and white was limited, the trade ruled dull, and only a small amount of business was transacted, at Monday's quotations. The imports of foreign wheat was only 4,770 quarters ; but a numerous fleet of vessels, laden with grain, has ar rived off the coast. Most kinds met a slow inquiry, yet no change took place in value. The barley trade was firm, at very full prices. Malt was in fair supply, and sluggish request, on former terms. We had a steady demand for oats, beans, and peas—the arrivals of which were limited—at full currencies. Flour, however, moved off slowly, at about stationary prices. Wheat. 1,510 ARRIVALS TIIIS WEEK. Barley. Malt. f Oatu. Flour. 330 1,710 1,710 1,124 2,300 A 4 , 880 5 ' 08 " barrels. English Irish Foreign.... 4,770 11,620 METROPOLITAN OATTLE MARKET. --•-- --- The supply of beasts in to-say's market was very mo derate, and all kinds sold readily, at fully Monday's cur rency. We were very scantily supplied with sheep, in which a steady business was transacted, at full prices. Several lots were on offer out of the wool, and the differ ence between the value of shorn any( unshorn sheep was from 10d to is per 81bs. Thera was a good inquiry for calves, at very full prices. Pigs ruled steady, on former terms. Mack cows were dull, bat not cheaper. Per Sibs to sink the offals. s. d. s. d. Interior Beasta....3 2to 3 4 Second Tudity....3 6 210 Prime large oxen 4 0 4 6 Prime Scots, &c. 4 8 416 Inferior Sheep ...4 4 4 8 1 Second quality ...4 10 5 0 1 Prime crse.-wlled.s 2 5 41 s. d. ti. PrimeSouthdown 5 8 510 Largo crse. calves 4 2 5 4 Prime small do 5 6 510 Large hogs Small porkers Suckling calves 23 0 30 0 Quarter old pigs 22 0 28 0 TOTAL SUPPLY: FORHIGN SUPPLY. Beasts Sheep Calves l4O Pigs 3lO Beasts Sheep Calves Pigs NEWGATE AND The trade generally ruled 1 Per 81be by LE ADENHALL. ;toady at full prices. the carcase. s. d. s. d. Beef, interior 3 0 3 4 Do., middling 3 6 3 10 Do. prime large 4 0 4 2 Do., do. small ..„4 4 4 6 Pork, large 3 8 4 4 e. d. e. d. Mutton, Inferior 3 8 3 10 Do., middling 4 0 4 6 Do., prime 4 8 4 10 Veal 3 10 5 0 Pork, small 4 6 5 4 BOROUGH HOP. There is a full average supply of mostkinds of hops in the market, and the demand generally is steady, at full prices. Mid and East Kent pockets, 3/ 15s to 5/ 12s ; Weald of Kent, 3/ 5s to 5/ Os ; Sussex, 3/ 33 to 4/ Os ; Worcester, 414 s to Si 5s ; yearlings, 11 108 to 3/ 15e. per cwt. COLONIAL. TEl.—The market is very inactive, and little business is expected to be done until the doubts as to the scale of du ties are removed. Common Congon rules rather firmer, being quoted 10jd per lb. SOGAE.—There is rather less firmness apparently in the market, but a fair amount of business has been done in some instances on rather lower terms. The stocks of sugar in first hands still continue small, and higher rates are ex• pected to rule before long. In the refined markets prices continue steady, with a good demand for English crushed for exportation. COFFEE.—There is still an active demand fof the fine qualities Plantation and Native Ceylon, and full rates have been readily realised; the deliveries continue to ex ceed the arrivals, and stocks generally are very much reduced. . . _ _______ RICE.—The market has been firm, and several large parcels of Bengal have been disposed of at a slight advance on former quotations. SPICES.—Very little business has been done in spices, and prices are unaltered to any extent. SALTPETRE.—The demand has been less active, but holders demand fully former values. COCHINEAL.—A fair business has been done in the finer qualities at full prices, but the other descriptions ruled dull. TALLOW.—There has baen less activity displayed in the market, but prices rule rather firmer. New P.Y.C. en the spot, 66s 6d to 70i ; June delivery, 59s to 59s 6d; and last three months, 53s 3d to 53s 6d per cwt. LLOYD'S SHIPPING.—(This Day. LONDON, Feb. 27.—Wind this day at noon, S.W. ; Light breeze and cloudy. PORTSMOUTH, Feb. 26.—Wind N.W.—Arrived—Wy mtud, from London, for Hong Kong, with "slight damage from contact off Hastings on the 24th inst., with the Niels Gry]ding, from Messina, which was abandoned in a sink ing state ; crew l an d e d' at Cowes; H.M.S. Iris, Sheer ness. FALMOUTH, Feb. 26.--Wind calm.—Sailed—Arken, for Monte Video. Off the port—Constanza, from Gonaives, and sailed for Hamburg. PETERHEAD, Feb. 25.—Wind W.—Sailed—Sir Colin Campbell, for Greenland. SUNDERLAND, Feb. 26.—Wind W.—Sailed—Bravo, for Providence, U.S. LIVERPOOL, Feb. 26.—An attempt to tow off the J. L. Warner has not succeeded. She was moved about half a length and sank back into her bed. GIBRALTAR. Feb. 19.—The Has, of London, from Alex andria to Cork, put in yesterday leaky, with loss of bul warks and cargo heated, has been surveyed, and must dis charge. ROTTERDAM, Feb. 24.—The American brig Maria H a r. ley, of Portland, derelict, was passed, on the 26th Jan., in 37. N. 69. W. (PER ELECTRIC TELEGRAPH.) LIVERPOOL, Friday Morning. Wind S.W. Arrived—Mentor, from Maracatbo. Sailed—Aleppo, (s.s.), for Alexandria : Europa, San tander; Amy, Bayonne ; Printemps, Rio Nunez; Isabella, Antwerp. QUEENSTOWN, Feb. 25. Wind N.N.W. Arrived—Maize, from Ibrail; Harvest Home, Man ritius. s%iled—Atlantio, for Charleston; Acastus, St. John's, N.B. (BY SUBMARINE AND BRITISH TELEGRAPH.) GRAVESEND, Friday, 9.45 a.m. Wind W.; low water fine. Sailed Feb. 27—Nepaul, for Adelaide ; Fe, Bilbolk; Rhine, steamer, Boulogne ; Planet, Hamburg. DEAL, Friday, 9. 35 16m. Wind S.W. light. Passed in t ow — Earl of Eglinton, from F oo Chow Foo, for London ; Plymouth Rock, New York, London Passed—Alb an' (s.a ), from Sheerness, fo r west ; North fleet, London, Hong Kong. Sailed—Jenny Jones, for London ; Dale, Sm Y rnl ; Stadt Amsterdam, Amsterdam, after making good damage sustained by collision with Jedo from Hoeven. ------- The bar silver brought by the last West India st'e was sold yesterday at 610. per ounce, being a decline a the e - , of ad. FUNERAL OF THE LATE EARL 07 ELLESMERE. —Th e T funeral of this distingui shed nobleman took place yester. day, at Worsley. T he ceremony was conducted without pomp or ostentation , the attendants comprising onl y me mbers of the fami l y , the tenants, ste., of the No corporations or public bodies were present. TIPPERARY ELECTION.—DUELIN, Feb. 26.—Thecclerg have left the choice of the candidate to the it has that in 01113, Club, the members of wl.ich are in favour of O' D onog h ue. been found Mr. Massey has resigned. e h l in order to keep With regard to the Tyne steamer, it necessary consequenc e c:. letof t t b h e e b w e aavt water i ground nto th the vh swill easlfs deeper water, her steady. She has moved about the shore, in which direction there le er length leder surer 1 t