Northern Times.
Liverpool, Merseyside, England, 1859-02-09 00:00:00

BEFOG MR G. HOLT

BAD MEAT.— Samuel Speed, was summoned by Market
Inspector Read, for having exposed 400 lbs. of beef, on
the 31st January, for sale, at a slaughter-house, in Trow-
bridge-street. The defendant was fined 10s. and
4s. 6d. costs.

Mr. Holt and Mr Smith, were engaged for a con-
siderable time in hearing seamen's wages cases, but the
details were void of interest.

LIVERPOOL COUNTY COURT

,--,..YESTERDAY

BEFORE J. R. BLAIR, ESQ., JUDGE

SEAMAN'S WAGES.--JAN EGBERD SPRENGALRAR'MP V.
KARS DERKER.—This was an action brought by the
mate of the Dutch ship Lisa Anna Rick, to recover wages
due for work done aboard of that vessel, which he had
left by the orders of the captain. Mr. Cobb appeared 'for
the plaintiff, and Mr.- Wilson for the defendant. Mr.
Cobb stated the case as follows :—ln this case the plain-
tiff is a Prussian, and he was first mate of the Dutch ship
Lisa Anna Rick, of which defendant is captain. , The
plaintiff signed articles in Veedam, in Holland, in Feb.,
at £3 as 4d. per month, in English money, from Ham-
burgh to Danzig, and thence to Scredarn, thence to
Danzig, and thence to St. Petersburgh, and from that to
Liverpool. The ship arrived in. Liverpool about three
weeks ago, and shortly after the captain discharged
the mate by telling 'him that' he' had nothing more
for him to do. The mate went to the Con-
sul, who advised him to go back to the ship, which
he did, and the captain again told him that he would not
allow him to perform his duties as mate of the ship, and
also said to him that he would meet him at the Consul's
office, and pay him his wages, They did meet, when the
sum of £9 10s. was tendered. The claim was for £22.
On the mate refusing to take the sum tendered, the
captain refused to pay him anything. The wages now
claimed was from the time of signing articles till the
time he was discharged by the captain. The Consul
said the captain had no power to discharge any man in a
foreign port, except at the Consul's office. The mate
was examined, and gave his testimony through an
interpreter. He said : The ship arrived about three
weeks ago, and he remained eight days on board the
ship after her arrival. 'After that time, the captain told
him he might go ashore. He did so, and went
to a boarding-house with his clothes, and then
to the Consul's office. The Consul told him to go
back to the ship. He went back, and remained a day-and-
a-half. The cook was bringint, some meat aboard, and
when he went to help the cook, the captain desired him
to let it alone, as he had no right to work there. The
captain offered him £lB English money, but he refused,
unless he got £22, the amount due. He would not have
left the ship, had the captain not desired him to do so.
Mr. Wilson cross-examined the witness at some length,
but nothing important was elicited. The defence was;
that the mate was disobedient, and that a portion of the
bulwark had been washed away through his negligence.
A clerk in the Consul's • office said, the mate made an
application for a discharge, which could not be granted,
but another man bad been discharged at his own request,
and full wages paid him. His Honour gave a verdict
for •the defendant, on the ground that it was his belief
that the plaintiff had desired to be discharged, which
was not the intention of the captain.
JOPINSTON V. READ.—This was a servant claiming
wages from her master, she having been discharged with-

oat'notice. Mr. Hime appeared for the defendant. The
plaintiff said she was engaged by Mrs. Read, at the rate
of £6 per annum, and had been ordered to leave, in one
- a month's notice.. At: the time she
lid 4s 8d for the fortnight she had

day, the custom bein,

left she had been
been in the servicE

now claimed the remainuer
of the month's wages. Mrs. Read said she .engaged the
plaintiff on trial, and not for any time, and consequently
she tho"-' Auired. His Hononr wanted
he was to be on trial. He could

t no notice was rec

to know- how long

understand her beinwg on trial for a week or a month,.bul
there was no time mentioned to try the plaintiff. Under
these circumstances he thought her entitled to the balance

due of the month's wagei

r was accordingly

KINDER V. DAvts.--This was a case brought by a
shopman against his late employer, Mr. Davis of Great
George street for a sum of £7 15s 6d, alleged to be 'due
as wages, in consequence of his being turned off from
the situation without a month's notice, which plaintiff
allegpl to be usual in the trade. .Mr. law appeared on
behalf of the. defendant. The plaintiff
Mr. Rime, that the cause • of. his discha,,_
calling in the shop to purchase some gauze
when he asked.one of the young ladies in the shop
- she told hint it was in the other she
He did not know

said, in reply to

ie was a lady

gauze nom

it was,
Davis I
himself
he env,
about

vepteen dim there

there was no
it's notice. He Wag .t.O receive a 'salary
-ary with board. At the time that this

about :the ribbon took p 1
from home, and Mrs. Davis s

Mr. Davis was
~at for him and told
He said he would
Mrs. Davies insisted that he
at once, which he consented to do, but, at
gave notice.that he would want a mont'h's
Davis deposed to her having seen plaintiff
-wspapers.iu the shop, by which-he not
own duty but' kept others from

id better leavt
it notice, but

only neglect
basin

Jr. Trim(

t usual to give
rade left at once.

ddendani

where that w

In on-

iff mentioned several instanc

pontio,
where

Aen given, and - some

was caulec

where tli(
ht the petition of it being polia

to give a

Honour
month's

He 'svOuld

sularyi but would

give an 01'06 ,0 03 00, a
make no allowance fur board

NEWEL—The letters from Calcutta and China are
be delivered on Saturday or Monday next.

THE CARDINAL'S VISIT.
TO THE EDITOR OF THE NORTHERN TIMES

Sir,—Allow me to congratulate you on being a
sharer with me and others in the formidable
condemnation of your correspondent " Spectator. 7
All honour to the Press of Liverpool that dares to
be free !

When it was my privilege to make an extern,-
poraneous address at the. Concert-hall, more than
a fortnight ago, I had not the most distant idea
it would find its way into the newspapers, much
less than it would so strikingly signalise the
"unknown, and awaken such a profound consterr
nation amongst the lovers of moral and spiritual
thraldom. - - _

—This result can, only be accounted for on the
ground that, the -speech contained some startling
and undeniable facts. It is all very well for
" Spectator" to speak of " rampant bigotry," " un-
blushing impudence," and " the dastardly attack,"
but a discriminating public knows how to appre-
ciate mere declamation side by side with stubborn
facts. And just because I happened to give a
narration of such facts, therefore, " Spectator"
burns with fiery indignation. That is all. He
has the effrontery to deny them, but he has neither
the moral courage nor the argumentative ability
to disprove them.

It Was my intention to have supplied you with
a few comments on his unmanly assumptions and
assertions. I shall not, however, occupy your
valuable space ftirther than to say, that I respect-
fully invite him to the meeting in the Concert-hall,
on Thursday evening next, at which I hope to
be permitted to expose his untruthful letter, and
furnish undoubted proof about the stolen child,
the weeping captives, and the shameless Popes.—
I have, &c. THOMAS ROBINSON,
Incumbent of St. Bartholomew's Church.
56, Great Mersey-street, Feb. 8, 1859.

CARDINAL WISEMAN AND MR. JAMES
ASPINALL TOBIN.
TO THE EDITOR OF THE ICTORTHERN TIMES.

Sir,—There is a, phrase in courts of justice
called " swearing by the card." The same
thing is sometimes, in common parlance, called

" Jesuitry." But these things are not commonly
attributed to high-minded Protestant gentlemen.
I have been much struck by a letter, in last
Saturday's Courier, in which Mr. J. A. Tobin denies,
with great indignation, an allegation made by the
same newspaper, on Wednesday, that he had
repaired to the Catholic Institute to meet Cardinal
-Wiseman.

The article of Wednesday had imputed to him
that he had met his Eminence at the Institute, and
also at a banquet elsewhere.

One observes that the denial does not extend to
the banquet.
Now, were we dealing with some oily Casuist,
we might except to this omission ; but, coming
from Mr. Tobin, we cannot suppose that when
charged with meeting the "Pope's Legate", at the
Institute, he would publish a general denial, if the
accusation was only untrue as to the locus in quo.
Nevertheless, it might be a satisfaction to the
Courier, and the Mail, to have the denial repeated
in an unqualified manner.
If Mr. Tobin did not go to meet the Cardinal
on Wednesday, at Hope-street, did he, or did he
not dine with him •on Monday at the Old Swan,
and if he thinks the one imputation worth denial,
will he negative the other P

I confess that I do not see the discredit of going
anywhere to meet a man of such undeniable
eminence as the' Cardinal ; but, if Mr. Tobin thinks
it wrong, or is ashamed of it, he will be glad of
the chance of denying it properly.—Yours,
obediently, INQUIRER.

AMERICAN RAILROAD SECURITIES.
From the Money article of the " Daily News."
LONDON, 2nd Feb., 1859.

We have received a copy of a report addressed
by Mr. Thoinas Kennard, C.E., to the European
bond-holders of the Atlantic and Great Western
Rail Ways of New York, Pensylvania, and Ohio.

Mr. Kennard presents the subject under three
separate heads, viz :-71. The geographical posi-
tion of the railway, • and its Vources of traffic.
2. The present state of the works ; the amount of
casknedessary to complete the same; and.the time
required to place them in active operation. 3. The
legal position and constitution of the Company-.
The line commences at Little Valley, a station on
the New York and Erie Railway, and keeping ,in
a westerlY direction through the th'ree States
aboVe mentioned, forms a connection with the
Cincinnatti, Hamilton, and Dayton. Railway, at
Dayton, "thus conlleting the only uninterrupted
line of communication between New York and.
St. Louis." " This route," Mr. Kennard. observes,'
".clearly occupies the natural site for a grand
trunk road to the west, entirely avoiding the
Alleghany Mountains on the south, and the high
lands running along the shore of Lake Erie in the
north, and obtaining a remarkably level line."
Glancing at the position of three other great
railways, which run in the same direction, Mr.
Kennard declares his conviction that " there exists,
at, the present moment, a traffic amounting .to
£2,400,000 annually passing from east to west,
_ _

and vice versa, on the existing, railways, and that,
as, the Atlantic and .Great Western will be by far
the best, quickest, cheapest, and only continuous
route, it must, under any circumstances, secure at
least a fair share of this traffic, which I estimate
would yield a return of 12 per cent. in a capital of
£8,300 per mile, the contract price being £6,700."
.Mr. Kennard further mentions that he has "caused
a legal agreement to be executed, under which the
company cannot incur a floating debt, which has
been the ruin of so many similar enterprises in
the United States. The report concludes as
follows :

Finally—ln placing this report in the hands of Euro-
pean capitalists at a time when American Railroad
securities are not viewed with particular favour, I desire
to call attention to the amount of money invested and
the return derived, from the same collectively. I there-
fore place in the appendix a list of 171 railroads taken
indiscriminately, good, bad and indifferent, and including
23 just completed or in progress, on which thirty-three
millions have been expended, and as yet unproductive,
representing 17,649 miles in length, and a cost of nearly
800 millions of dollars, from which it will be seen that
the net profits are 'equal to 5 per cent. on the expendi-
ture, or 10 per cent. on the bonded debt. I would
further call attention to the fact, that by-far the largest
portion of the bonded debt held in England has been
advanced, often upon 'the simple representations of paid
agents sent over to negotiate, in the shape of the most
wretched description of rails, at prices averaging at least
30 per cent. above the market value. I submit, there-
fore, that it is unreasonable to expect a steady return on
all capital thus invested. Over-confidence and reckless
trading must sometimes be attended with total loss. _

Iu Concluding this report, there are three paints to
which I would draw especial attention :

Ist. That the average return on the whole bonded
debt of Tailways in the United States is about 10 per
cent., and that the position of the Atlantic and Great
Western clearly entitles it to rank above an average line:

2nd. That the present traffic per mile on the two roads
of which it will form the centre link, is above the average,
and that the only road—The Lake Shore —with which
it can fairly be compared, has paid .dividends exceeding
30 per cent. per annum since its opening. .

3rd, That the existing through irafficwill far wore than
cover, the interest on the bonded. debt, without estimating
ill, in addition be very large.

wlncll

It will never be
1 froth

• THE QUEEN AND lan SOLDIERS
forgotten that when sick and wounded men r(
the Crimea, her. Gracious Majesty t

Queen, with

characteristic 3 b• ' went down to Chatham and'
idrgonau y
cheered,ene
by her INbc.mnant smiles, those ivho
had suffered in their country's cause. 11Iight
Slime to express a hope h the advisers of hlevre
jesty, or those who enjoy ,the high priv.ilege
spobfmac,ctien..
Ss"
tq her.preF.ence, will take an opportunity of it
to her that the sufferings of the poor men ,who have
been invalided' home from India, after the toilsome
campaigns of 1857 and 1858, would be much alleviated,
if their sovereign could be induced to enter the' hospi-
tal ? It is not necessary that we should enter upon a
calculation of the relative miseries of the soldierS of
the Crimea, and those who have been:actiVely engaged
in India. The latter may not have been as eonamnui-
five as the former-7-at least comparatively few of their
letters have been published--but no one who can form.;
a tolerable conception of warfare in India, doubts that
their constitutions have been very severely tried. Their
loyalty and gallantry have been beyond all question.—
United •:
Service Gazette.

_ MONETARY- AND COMMERCIAL.
LIVERPOOL, TuesdaS, Evening.
Business in Liverpool has not been very active
to-day. In the .Cotbin market, the transactionB
amount to about 7,000 bales, and include 1,500 for
speculation and export, without any change in
prices. In sugar, the transactions were very
limited. A fair amount of business was done in
Jute, at full prices.
The Liverpool Share Market has been dull, and
prices not very steady. The transactions were as
follow :—Birkenhead. ILancashire, and Cheshire,
67; Lancashire and. Yorkshire, 95,1,_951 London

and North Western, 954,„ 954- ; Midland, 1011 ;
York Capital StoCk, 71 ; South Eastern, 22 1-16 ;
Dutch Rhenish, 5 3-16, 51-, 5 d • Liverpool
and London Fire and Life, 91 p. After
official hours, the following were the quota-
tions :=Blackburn, 114, 111 • Chester and Birk-

enhead, 661, 671 ; Caledonian 858, 851 ;
Chester and Holyhead, 471, 48 ; Eastern Coun-
ties, 1213, 1Z ; last Lancashire, 951, 96 ;
Do. £9 shares, 1, 8 p ; Great Northern,' 104,
106; Do. A, 88, 89 ; Great W6sfern, 551, 55f4;
Lancashire and Yorkshire Stock, 951, 96 ; Do. £9
shares, 4, §-„ p ; . London and North Western,
958, 959 ; Do: one-eighth shares, 15-16, 13216 d ;
Manchester-She ffeld, and Lincolnshire, 37A, 371 ;
Midland Stock, 101-'4-, 101 k ; North British,
62,. 628 ; North Western, 132,-'134 • North
Staffordshire, 4A, 41 d ; North Eastern—Berwick,
931, 931 ; York and North Midland, 782, 79,;
Leeds Capital Stock, 481,481 •, South Eastern and
Dover, 22 1-16, 224 ; Dutch Rhenish, d';
Great Western of Canada, 161, 161 ; Do. New
Shares, 44, 4i d; Great Luxembourg, 61, 68 ;
Grand Trunk of Canada, 8 3-16, 8 5-16.
The Liverpool Corn Market presented no mate-
rial chringe from Friday. There was a moderate
attendance, but Messrs. Fowler and Frean in their
circular say : " Only a moderate trade in Wheat
at unaltered rates ; same applies 'to Oats, Barley,
Peas, and Beans. Indian Corn 6d to is per 480 lbs.
dearer. Sack and barrel Flour, as also Oatmeal,
unchanged in price, with'slow sale.
Messrs. T;and H. Littledale have issued their
usual monthly circular to-day, and from it we
quote the following remarks in reference to trade
in general : •
War and commerce certainly do not agree, and the ru-
mours of war are almost, if not altogether, as injurious
in their effects as actual conflict. The bright anticipa-
tions with which everyone engaged in trade was disposed
to view the opening year, have been siuldenly overcast by
the threatening _position of Continental politics, and our
different Produce Markets seems to have . gone back to
the same. groove of quietude and dulness in which they
were during the autumn months. War or no war is now
the all engrossing topic of discussion, and it was hoped
that this would .have received a solution in the Queen's
speech at the opening of Parliament, on the 3rd instant;
that knowing the deep anxiety felt by the nation, indeed
by the world at large, Ministers' it was thought, would
have obtained from our Ally, the Emperor of the French,
such an assurance of his pacific intentions as would • have
enabled them to dispel in a great measure the existing
alarm ; but, unfortunately, instead of this being the case,
the very grave apprehensions expressed by all the principal
speakers in the debate, have led to the conclusion in the
public mind, that the danger of war is' even greater than
was before supposed. The cause of dispute, and the
object to 'be attained,• seem so purely theoretical and so
trifling, when compared with the vastness of the conse-
quences involved, that we cannot yet believe in war.; in
the meantime, however, Continental orders and
credits are being everywhere withdrawn or limited,
and our exports, will soon feel the effect of this state
'of uncertainty, whilst, larger imports, particularly
Cotton, will be directed to this country. The French
Emperor's speech, delivered yesterday, though Warily,
expressed, is certainlYpicificin its tone, and we trnst may
have the effect of restoring confidence to some extent.
The only movement 'of consequence during the past month
has been in Tea, which, from the falling off in supplies,
and probable great deficiency in the season's export from
China, coupled with a large consumption, has assumed a
strong position, and attracted the attention both of the
trade and speculators, but without causing any serious
advance in prices.
In reference to Money matters they say :
The demand for Money has been fairly active through
the month, but the supply-has been considerably in
excess of the wants df 'the public, and any disposition to
speculate or to enter upon extensive operations has been
effectually checked by the rumours of war. Loans to
the extent of about £20,000,000 for different countries,
including one of £7,060,000 for. India, are ready to come
on the market, and will tend to absorb the present
surplus capital, and prevent any further decline in its
value, it is therefore probable, that, the rates of discount
will remain with little variation for some time. First-
class paper is done at 21 ; 'three months at 23 to 3 per
cent ; four and-six-months at 3to 3* per cent. Bullion
in the Bank, £19,295,022, being an increase of £150,000

since the opening of the year, .and of 44i millions as
Compared with 3rd February last year. Notes in circula-
tion, X 20,909,690, and reserve, £12,100,055, being about

the' same in both Iteins as last month.
The usual monthly circular of Messrs, G. F.
Martin and Sons, reporting the transactions in
Hides, haS also been issued. They say :
The arrivals this month from the River Plate are
small, including the_ "Elizabeth" and "Kelton," from
Buenos Ayres, bringing 3,246 Salted Ox and Cow, and'
1,645 Salted Horse-Hides,: the Queen of the West"
and " Dmita," from Uruguay ; ".oiontes," from Rio
'Grande, have also arrived with Bones and Bone Ash.
The arrivals of Hides from other quarters comprise
28,100 from Australia ; '7,600 from the Brazils ;, 3,100
from Callao, and•2o,ooo East India Kips. Daring the
past month, we have had a brisk demand for Salted
Hides, and an advance of ,Zd. to id. per lb. has been paid:
for Buenos Ayres, to which the demand has been chiefly
confined, Monte Video's have not been so much enquired
for, and our stock of 13,798 hides are mostly of the
latter description: We are now almost entirely without.
Buenos Ayres slaughtered hides in this market, and but
few are in second liana' as the hides sold during the last
two months have gone directly' into consumption. The
leather market is now in a very healthy condition, higher
prices have been paid, and the stocks in Factors' hands
are unusually innall. With regard to the future
prospects of this market, we are inclined to think hides
will be higher, although a great deal will depend upon
the quantity coming forward from the. River-. Plate, of
which we are -at present without any information. The
present quotation for Buenos Ayres, heavy and light Ox,
is 71-d: per lb. for good quality.
The reports from the Manchester Markets to-
day state that, although generally quiet, there
was more inquiry for India, in consequence of the
favourable tenor of the ast advices from that
quarter. Prices generally were steady for both
Goods and Yarns. It is said that the French
Emperor's Speech had allayed a !good deal of the
uneasy feeling which had previously prevailed
among buyers for the continent ; nevertheless,
there was no disposition to enter into operations
on European account.
In London, the Funds opened with more firm-
ness this morning, but subsequently "resumed a
dull appearance. Consols, at two o'clock, were
—s
quoted per cent better than at four o'clock yes-
terday, but about 1 per cent below the quotations
attained after that
_S hour. A want of confidence is
still generally apparent. A steady revival of
buoyancy on the Paris Bourse, however, is yet
required to restore confidence in this market ;
and the telegrams from the other side of the
Channel are still awaited with 'much anxiety.
Consols are higher than at the close yester-
day, . being 951 to 95i for Money, and
to 95' for The March Account,
with an improving, tendency. The final closing
prices were, as follows : Consols for Money, 9511
Consols for Account) 951, 95:2, 9th March.; 3 per
Cents, 951, 954 ; Bank Stock, 227, 229 ; Exchequer
Bills, large and small, 33, 36 premium. The
foreign T market also presented a more settled
appearance, but still the business done was not large:.
The discount market remains easy. First class
bills were negotiable yesterday at`.2l to 21 per.
cent. ' •

FOREIGN EXCHANGES,

Amsterdam Short - 11 ..1 15/ to 11 ... IG-1,
Ditto Three Months.. 11 ... 18 ... 11 ... 18.1
Rotterdam

2 .... 25

liatriburgh
Paris Short 25 ... ... 25 ... 12,
Ditto Three Months... 23 ... 32/- ... •25 ... 37

Marseilles
Frankfort
Vienna

25 ... ... 25 :.:
- 1137 118 Z
10-... 63 ... 10 ~. 70

73 ... 10 ... 80

Petersburg
Madrid

- , 352 - 36
- 493 - 49

The Railway Share Market opened flatly at the
decline experienced after the official hours of
business .last night, but it has since become some-.
what stronger. The transactions are very moderate.

.Great Northern,arelo4, 1941. Great Westerns,
55, 551. Lancashire and Yorkshire, 951, 951.
Loudon and Brighton, 108, 109. North Western;
95*. South Western, 951. Midland, 101+. East
Indian and Great Indian Peninsula Shares were
steady at the improvement of yesterday, and the
other Gdaranteed Stocks exhibit no important
variation. Foreign Railway Shares are inactive
at about previous rates. Bank and Miscellaneous
descriptions of Shares are quiet. The final closing
prices for Railway Stocks were :—Arnbergate, 61-,
61 ; Caledonians, 85, 851 ; ditto Preference,
103, 105 ; Eastern Counties, 61, 62 ;, East Lanca-
shire, 94, 96 ; Edinburgh and Glasgow, 69, 70 ;
Great Northern, 104, 105 ; ditto A., 86, 88 ; ditto
8., 130, 138; Great Western, 551, 551; Lancashire
and Yorkshire, 95*, 96 ; Brighton, 108, 109
North Western, 951, 951; South Western, 941,
951 .; Manchester, Sheffield, and Lincolnshire,
37, 371 ; Midland, 1011, 102 ; North British, 611,
62 ; ditto Preference, 111, 113 ; North Eastern—
Berwick, 93, 931; ditto Leeds, 48, 481; ditto
York, 781, 781 ; North Stafford, 41, 41; South
Eastern 731, 71 ; Turkish Sixes, 89/, 89+ ; ditto
Fours, 1021, 1031 ; Great Western of Canada, 16,
161 • ditto New, 41, 41; Grand Trunk of Canada,
8+,.8a. , _ _ _

-At the half-yearly meeting of the Mediterranean
(Extension) Telegraph Company, held yesterday,
the dividend declared was at the rate of 6 per cent.
per annum. With reference to the late stoppage
of telegraph communication between Malta and
Cagliari, it was stated that, in the event of a like

occurrence, the Treasury would continue the pay-
ment of a sum sufficient to secure a dividend of 6
per cent. for a period not exceeding three.months
from the date on which such interruption might
occur. The report was adopted.
The following meetings are newly announced,
viz. :—Ceylon Railway Company, for the 18th
inst. ; New Brunswick and Nova Scotia Land
Company, for the 10th March ; Eastern Bengal
Railway Company, for the 25th inst. ; Class A
shareholders in the St. Andrews and Quebec
Railway Company, for the 24th inst.
The annual meeting of the Madras Railway
Company is Called for the 18th instant. A
resolution will be proposed for the conversion
into stock of paid-up shares 'in the original, first,
and second extension capital.

' The prospectus of the Australasian Land and
Emigration Company (limited) is issued. The
object of the company is to purchase and re-sell
land in. Australia, and to facilitate emigration.
The proposed capital is .2100,000, in shares of
X 1 each. _ _

The Brighton Railway traffic return shows this
week an increase of £1,775.
With reference toAhe Silk Market, the monthly
circular of Messsrs. Hunt and King has the fol-
lowing :

The silk market during the past month has been very
quiet, the aspect of political affairs having shaken the
confidence previously existing, and caused a reduction in
prices of China silk of about is to is 6d per lb. ; some
forced sales have been made of parcels held on foreign
account, at even lower rates ; and except for thrown silk
the continental demand has ceased. Manufacturers
generally are busy, but now buy only for present require-
ments to complete orders. The deliveries for the month
are about 6,000 balei. In Bengal silk there is nothing
doing but in the best descriptions, which are a shade
lower. In Italian silk holders are less firm,hut very little
doing.

The Irish Railway directors are preparing their
various half-yearly reports. The accounts to be
presented at the meeting of the Cork and Bandon
Railway Company to-day, show a profit of X 2,005
on the working of the line for the six months
ending the 31st of December. Out of this the
directors recommend that a dividend be declared'
on the No. 1 'Preference Shares at the rate of sA-
per cent. per annum, and on the No. 2 Preference
Shares at the rate of 5 per cent. The traffic
receipts show an increase of £216, s and in the
expenditure there is a diminution of £614. The
meeting of the Dublin and Wicklow Company
will be held upon the 25th instant. In addition
to the ordinary business to be transacted
thereat, the proprietors will have to determine
the order of rotation in which the present
number of directors shall go out of office, and what
number shall be a quorum at their meetings.
The directors of the Waterford and Kilkenny
Railway Company have issued a circular to the
proprietors, pointing out the advantages to be
derived from the taking up of the new debenture
stock. The rate of interest offered is a high one,
being at the rate of six per cent. per annum for
the first five years, and five per cent. in perpetuity
thereafter, in addition to which the amount is
guaranteed as a first charge upon the most ample
security whilst the instalments are made payable
in such small portions, and at such distant in-
tervals, as to enable their being met without any
difficulty.

The weekly report of the Glasgow Wool Mar-
ket states that there has not been any transactions
of importance entered into during the week.
Several parcels of various sorts have been cleared
off by spinners, but they are only buying to
supply immediate wants. Stocks being light,
holders are able to watch the market, and do not
require to accept lower rates; as would be the
case if stocks were larger. Spinners also generally
are well supplied with wools. Both parties,
therefore, are content to remain quiet in the
meantime, until political affairs on the Continent
assume a more decided aspect. There is little,
actual change to report, unless in laid and white
highland, which has rather improved. The old
rates have been easily obtained, and, from the
short supply in the 'market, it is confidently ex-
pected this class of wool will yet go higher. As a
whole, fleece wools maintain their previous value.

The excitement in the Stock Exchange to-day was
such as is rarely witnessed. The news of the rally of
to 1 per cent. attained by the French Funds, on Saturday,
and by a further rise of 11 per cent. at the Little Bourse,
4
on Sunday, caused the Stock Markets here to open with
a feverish appearance, and a great advance was quickly
established in all the leading securities. The immediate
impression produced by the speech was one of disappoint-
ment, and Consols fell to within k of the closing quota-
tions of Saturday. After the recognised hours, a
renewed speculative demand sprung up, and an improve-
ment of kor per cent. was quoted. Most other classes
of securities left off sensibly better than on Saturday,
though considerably below the prices attained prior to
the actual receipt of the speech. The Discount Market
remains easy. First-class bills were negociable to-day
at 2k to 21 per cent. There were no gold operations at
the Bank to-day. Compared with the closing prices of
Saturday, the French Rentes on the Paris Bourse shew
a rise of -} per cent. The' market for Sardinian Stock
was firmer to-day, inasmuch as sales were practicable,
but the price was no better than 80 to 82. The Scrip of
the new Austrian Loan was quoted, at one period, a to
1 premium, but the quotation was nominal, and was
weaker in the afternoon.—Daily Hews City Article
Monday Evening.

.
There ,were sanguine expectations as to the probable
character of the speech of the French Emperor at the
commencement of business this morning, The, first
transactions in Consols were at an advance ofd per cent.,
and there was immediately a further 'improvement. The
market' then remained steady till towards the afternoon,
when the favourable feeling began to subside, and the
receipt of the Emperor's speech from Paris completely
caused a reaction.—Tim's City Article Monday E reulng.

The Cairngorm and- Great'Britain' have aTrrived frOrn
China with 1-,798,7001b5. of tea.

The commercial advices from France mention serious
defects in all quarters from the 'policy of the Emperor.
Numerous failutes are reported. Among the largest
disasters is the stoppage of Farmer and Roger, bankers,
at Orleans, who we,;•e compelled to suspend after having
paid away £BO,OOO during a run.
The exchange quotations from China, reported on
• Monday, show an alteration. in favour of this country
equal to about 3 per cent. at Shanghai, and 21 per cent.
.at Hong Kong, diminishiag shipments of silVer are
consequently anticipated. On 'Monday advices were
received from China showing that 'the exports of tea to
date were 28,000,000 pounds, showing a deficiency of
7,000,000 pounds: The mail steamer from China has on
freight 3,000 bales of silk, The exports of silk to date
were 46,000 bales ; Total shipment, 52,000 ; of which
4,000 had taken place during the last fortnight.
General Mahon, the commander-in-chief in Algeria,
has announced that the division Renaud had been
recalled to France and has issued an Order of the Day
on the occasion. ' _

RAILWAY NEWS.—The directors of the Midland Rail-
way Company recommend a dividend at the rate of 4 per
cent. per annum. The Brighton Railway traffic return
shows this week an increase of £775.