Northern Times.
Liverpool, Merseyside, England, 1860-02-17 00:00:00

THE MONEY MARKET, &c.

The Thnes says, yesterday the railway market was
dull ' • and in the absence of business several of the prin-
cipal stocks show a slight decline.
The forthcoming dividend on the Eastern Counties
Railway stock is officially announced at the rate of 3s
per cent. per annum against 31- per cent. per annum
fur the corresponding six months 1858.

The Times says, it is understood that the question
regarding a bank note circulation in India has been
decided.; there is to be a Government issue of £5,000,006
from Calcutta and the local treasuries.

The English funds have been steady to-day, and bay.
closed at the recovery ail-. In the discount market,
to-day; there has been an increased case, and at the
Bank the applications were very_-moderate. About
£14,000 in gold was taken from the Bank, to-day, for
exportation.—Times.
The funds were steady, and closed precisely the same
as yesterday. Speculators are waiting for information
as to the probable opposition to the Budget; meanwhile
the market is chiefly supported by all bona fide pur-
chases. In the share market inactivity likewise pre-
vails. The, tendency of the discount market is still
towards case. Tho best bills are now readily taken at 4.
per cent., and even a fraction below. Business at the
Bank of England to-day consequently exhibited a
falling off..—Daily News.

TRIAL OF MR. WHITWORTH'S RIFLED

CANNON.

A correspondent of the Times gives a very full report
of the first experimental trials of the ranges and accu-
racy of Mr. Whitworth's breech-leaded cannon. The
results arc described as really astounding. The experi-
ment took place at Southport, near Liverpool, with a
charge of ounces of powder. A shot was thrown a
distance of 6,910 yards, and only two yards to the left
of the true line.

The charge of powder was then increased to 8 ounces,
and the elevation of the gun raised to 35 degrees. The
practice then made was really extraordinary—one shot
fell at 9,059 yards, ten yards to the right, and the
fourth at the immense range of 9,164 yards, and 22
yards to the right of the true line. The 80-pounder
was then loaded, at 5 degrees elevation, with 121ba. of
powder, with which charge it threw a 90-pound pro-
jectile, with a fearful roar, a distance of 6,000 yards.
There is not the least doubt, says the reporter, that
had this piece been mounted so as to permit of it being
fired at a high degree of elevation, that it would have
thrown its ponderous shot a distance
of 8,000 or
10,000 yards, a distance that has never yet been gainei
by any gun with a projectile of such weight.
Thursday, in the
The experiments were continued on
presence of Sir J. Burgoyne.
On Wednesday next the greatest trial of all will tr.'.
that will admit of its being fired at a )
place, when the 80-pounder will be mno,uenletevdat?ionna. stand

The death of Dr. Murray,,m o ofr telpil)emietseti
presented
to tooksooeffn tthehi
his
place last evening.
The India Council are to occupy ciiibipeititeimnpgocraormilmyeareelafrorgme
portion of the building constructing for the Westminster
Palace Hotel Company, a the rent of £6,000 a-year.
Public offices for the council are to be erected in tie
same locality.
moNnoctioucenoefilm,
of
ftitoinie hcaitsyboefenLognivdeonn,inthtahtaentChoeuafrlrtaseotoeidfnfooCgrmomthhoiis
lthtt
ohh
nee
gcsiaht
and
a Richardkienime
sai
ngweon)
Cobden,i)
tdichsbeorxlvcrtieas,l
preventedu e fifty f ttyh guineas, u.dine.ve:
industrial enterprise of this country, d
voluntary and patriotic exertions in negotiating
recent treaty with France.

niR MAJESTY'S LEVEE. —At Her Majesty's first
levee this season, which we noticed yesterday, the
Queen wore a maroon 'velvet train, trimmed with a
border of white quilted silk ; the petticoat of white
quilted satin to correspond, trimmed with maroon velvet
bows. Her Majesty's head-dress was formed of a/dia—
dem of emeralds and diamonds, and a white flower,