The Sun.
London, England, 1865-03-30 00:00:00

ME SUN, LONDON, THURSDAY EVENING, MARCH 30, 1865.

. ~..
MONEY MARKET Reduced Annuities are 871 871. Exchequer Bills, SHARE MARKETS—This day.
3s. to 6s. prem. India, 5 per Cents., 104 1051.
AN :. Enfaced 5 per Cents., 1004, Debentures, 991 ; ORDINARY SHARES AND STOCKS.
C 0 MME It C lAL INTELLIGENCE, and the Bonds, 15s. prem.
Railways. I Paid.'
Sharel. Closing I
Business
Continued firmness prevails in the Foreign Market Price. done.
—...---.
which is rather active. Turkish 6 per Cents., 1862, 13.14 Mr., Wol., & Str. Val.. all
CITY, TWELVE O'CLOCK. are 73:1 74 ; ditto Consolides, 568 551. Mexican, st Bryn i and 7. xneet e.; .. ::.. FR 96 —9B
REDUCTION IN ME RATE OF DISCOUNT. 261- 27 ; ditto New, 25, 26 ; Greek, 211 2P • at 'Caledonian llO 129 130 1291 30
4 7 50 Cork and Bandon all
The Bank of England directors, at their weekly Spanish Passive, 321 32-1 ; do. Certificates, 171178; 20 Corn wall
court to-day, have notified a reduction of 1 per cent. Italian , 63i 64 ; do. New, 321 dis. ; and Confede- 10 Do. A ''- gets 11
10 no div.
Do. B till6p.c.p.an.has all ——
in their official minimum, viz., to 4 per cent. This rate Loan, 321 331. - been paid to B
at Dublin & Belfast June all 66 68
concession has fora long time been expected, and Business in the Railway Share Market has been 25 Dun,.Perth, & i b.Junc. all 16 17
.
no surprise has therefore been created. The moderately active, and prices has shown a slight im- ri. Edin burgh & Glasgow 100 85 87
Glasgow &S. Western 100 107 1. 9
continual accumulation of gold both at the : provement. Great Northern A Stock have advanced at Great Eastern, Ord. stk. 00 47 48 171 1/ 1
Bank of England and the Bank of France, the 2, North Eastern, Berwick, 1 ; North Western, 1 ; ats (X:ilU)glig)= 100
7 5
very small inquiry for accommodation that has Midland, 1; and Lancashire and Yorkshire, I. at Great Norther.) lOO 1301 1311
r t D,. A s:•ock lOO 1451 1461 143 1 115°
prevailed for commercial purposes owing to the ex- The Foreign and Colonial lines remain without et Do. B o
,
seeding quietude of trade, and the disinclination change of importance. t Do. N ew, is. at 23 p n 40 -
st Gt 8, and W. of Ireland 100 87 89
now generally evinced by the public to enter into Bank and Miscellaneous Shares continue in fair i6tt (3 ti, wsestl7ll iplginal 1(0 741 75 74f1 Bi 1 5
extensive speculation, have prepared most parties request, and prices are generally well sustained. et Do. South W.alesg.u..a.. 1 0 64 66
52
for the relaxation now conceded. The capital at the Millwall Freehold Land and Docks have improved at
Vac.. Ije. Miod.t— Ox Ord troac ))
45h.1
47
command of bankers and brokers is certainly small, to 2* 38 prem.; South of England Waggon shares at
Lil lie
1M1:41..i.;, 10000 Xi 'O2l
1171 1 1 i
but as it has been mostly diminished for revenue are quoted 11 prem. ; South African Land, 1 .i. st Lanneto% tarn% Blackw'aii 100 86 t 8 87
st Lon., Bri4h., & S Coast 103 1051 1001 1,7 61
and other payments, which are sent into the prem. ; and Rio do Janeiro Gas, 111 prem. st Lou., Chat„ and Dover 100 38 10 39
Bank, and redistributed in the form of dividends, at Lon. & North Western 100 1181 1181 119 181 19 1
it is not too much to expect that in the course of BRITISH FUNDS—CLOSING PRICES. st Lou. & South Western 100 95 96 964 51
at Man.; Shel., & Lincoln 100 584 594 50
GOVERNMENT FUNDS.
a few days the supplies on offer will show a large 50 Marypert and Carlisle all
3 per Cent. Consols
increase. The settlement at the Stock Exchange Do. Account, April 6 B9l 1 1 at Metropolitan :11 1274 128; r-9 81 171
is likely to produce a further demand for accom- tipewer
peenrt. lendtuced B9l . -8- I 10 Do. New
100 13 91 1331 1331 11 1
875 1 at Slid and
st Do, Birmin . & Derby
modation, and to-morrow, which is the end of the .New 21 per Cent. Jan. 1894 — , 0 Mid Gt. IV.. Ireland all
NO 101 It
quarter, a large number of Indian engagements Do.nui toie pae, r3CO Cent.
. Jan. 1873 25 Do. 4 shares
An
expire sth Jan., 1880 25 'lid Kent
will arrive at maturity. The discount market is Do. for 30 yrs, expire sth April, 1885._ at North British •100 53 54 533 21
likely to present a busy appearance during the re- Do (Red Sea Telegraph), Aug., 1908... Do Ed., Pth Dun ;00 z 44 15,
Exchequer Bills, £l,OOO, 4 per Cent 6 3 at Nth. Eastern Berwick 100 103 107 1091 10
mainder of the week. Do. £5OO 6 3 55 Do. G.N•E purchase 16.13.4
Messrs. Overend, Gurney, and Co., Messrs. Alex- Do. £lOO and £2OO
at Do. York lOO 63 67 631 1
140 101 112 1821 2 i
ander, Cunliffes, and Co., the National Discount Bank of England Stock, 51 per Cent — at Do. Carlisle
INDIAN GOVERNMENT SECURITIES. 22 Do. Stock & Darling all 37 38 371 i
Company, &c., have reduced their rate of interest for Indian Stock, 101 per Cent., April 1874... 2411 25 De. d.i. 1855-!8 2l 10 11 p
25 Do. do. 1860-61 l4 84 94 p
deposit accounts 1 per cent.—viz., to 3 per cent. for Do Account
Do.po. sApeceoruCnetnt. July, 1870
y
none at call, to 31 per cent. for seven days, and Do. New
10 Do. do. 18e 4
to 31 per cent. for fourteen days' notice of with- Do. 4 per Cent., Oct. 1888
drawal. Do. Certificates — 10 N. &S. W. Junction .. all it 11,
st Scottish C,ntra.l
Do. Enfaced Paper 4 per Cent — at Scot, N. E , Aber. stock 100 44 46
The joint-stock banks have lowered their rate of Do. 5 per Cent., Jan. 1872 - at 10. Scot, Mid. stick.. VO .
interest for deposits to 3 per cent. Do. si. per Cent., May 1879 — 10 sh-ews & Welchpool_ all
D 0... Bonds, x
perCetbooAug. 1866 993 at Shropshire Union ..., F 0 87 59
The bullion operations at the Bank yesterdayls pm at South Devon lOO 57 6) 59
comprised an influx of £31,000. Do. under £I,OOO
20 Staines, Wok., & Wok all 81 9
The suspension of Messrs. Bremner and Co., in FOREIGN FUNDS—CLOSING PRICES, at Taff Vale lOO 155 153
the East India and Brazilian trade, has been an- Austrian Bonds, 5 per Cent — 10 Do. C .
Brazilian 5 per Cent - st Vale of Neath
flounced to-day, with liabilities about £150,000, of D0..41 per Cent., 1852-58-60 -
which about £lOO,OOO is secured. It is reported to Do. 1863 ~ — at West Corn,ij lOO 46 48
t W.Hartlepool Ilar.&R lOO
Buenos Ayres 6 per Cent — at Do. A irredeemable., 103 74 77
be a very good estate, and a favourable result is Do I per Cent. (Deferred 3 per Cent.) at Do. A redeemable ~ 100
anticipated. . Chian 6 per Cent —
Do. 41-2 per Cent — BR ITIS El POSSESSIONS.
There has been no demand for silver for several Colombian 6 per Cent. — 100 Atlantic & St. Lawrence all 53 66 ' 531 3
days past, and the small quantity in the market has Cuba, 6 per Cent.
at I Bom„Baroda, A: Cen.ln.
been sold for the Continent at 601 d. per oz" DDoo.sSpeenfpC, Xensts.,
plaBid64 — 4 gu. 5 per cent
—pm 20 Do. 9' shares lO2O 140d11 17p1
establishing a decline of Id. Danish 3 per Cent., 1825 — 105 Buffalo & Lake Huron all 41 5
. The last week's railway receipts, ascertained up Do. 5 per Cent., 1864 — 10 Do ('.reference
Bull„Brant, & Goderich
Do. 5 per Cent, 1773-77, £25 paid — 100 1 100
all tit 91
' - to this day, are in round figures as under :
ti'-- Danubian Principalities
100180
.1) o Du,
. do, June '''
. Ajuui
1.Y..111',' 11. 8857774 100100 —65 70—
f*---1 -1865. 1864 Do £65 paid — die
~
• Great Western ... ... ... ....£63,500 £65,658 Equador New Consolidated, 1 per Cent — at Calcutta &S. E., Um.. 100 98 300
'North Western ... ... ... ... 101,368 101,074 Do„.Provisional Land Warrant — at a e Town & Dock, gu. 100 75 95
gyptian 7 per Cent 95 1 00 Demera a, 7 p.c. per. p all lt 0 102
South Western ... ... ~. ... 19,268 20,692 -Do Second Issue 941 it East. Ben ial, gu ,5 Co 100 99 100 111
Brighton ... ... „. ._ „. 15,854 21,367 Do XlOO Bonds — at East ',Alan, gu. 5 p.c. 100 100 101 1024
20 o J esion ..
Midland ... ... ... ... ... 44,678 46,971 Do. 1864 O6l 7 I st GraDnd TrunkoExttn Canada 100 173 18 171
South Eastern .„ ... ~. .„ 17,696 21,523 •Do Scrip, £55 paid
Great Northern ... ... ... ... 33,161 30,255 Greek 5 per Cents., 1824-5' ex Coupons 1 charge 6 p.c all 83 93
Do Account
Lancashire and Yorkshire ... ... 36,110 38,047 It 0 Do. do. deferred .... all 53 6 . 55
Do. Coupons
Bristol and Exeter ... ... ... 6,208 5,971 Do Account — 100 Do. 2d Pr, f. Bonds.. all 60 62 681 •
100 Do. do. deferred .... all 53 55
North Eastern ... ... ... ... 56,293 57,181 Guatemala 5 per Cent.
Manchester, Sheffield, and Lincolnshire 17,388 18,973 Do. 1839 and 1850 — 100 Do. do. deferred .... all 45 48
Great Eastern ... ... ... ... 30,049 31,527 Italian 5 per Cent (Maremmana, Railway) 100 Do. 4th Pref. stock .. all 25 27 251 1
Do 1865
These returns, when compared with those of the Do Scrip, £25 paid
20 90. Gua 5 ~or cent.. 12 id 1 p 121
corresponding period of last year, show some very Mexican 3 per Cent.
261 ii 7 at Gt. South of India Ulm., •
unsatisfactory results, consequent upon the late Do.
Dc 1864
1864
251 61 gua. 5 per cent
. severe weather and the disturbance existing in the Do 6 per Cent. Anglo-French — st D. 41 per cent.... 10) - -
ODo French Scrip, Ex. 25f 20c — dis St Do
• iron trade of the north of England. On the Great 201 Great Wi s. of Canada all 81 8/ 9 5
M tevidean 6 per Cent., £3O paid —pm 204 D,. New .. .. 18 121 12d
Western there ,is a decrease of £2,158, on the Moorishn Imperial 5 per Cent
South 'Western of £4,424, on the Brighton New Granada — . .
100 00. 5' do. pay. 1877-8.. all 77 80
Do 2 per Cent 29 1 . 10 fndian Branch, limited 2 1 1 d
of £5,513, on the Midland of £2,293, Do Deferred
on the South-Eastern of £3,287, on the Lancashire Do Land Warrants (Hectares)
90
st Do. 44 do 95
100 88
Peruvian 4 Cent.
and Yorkshire of £1,937, on the North-Eastern of 20 Do. Fifth Extension 2 --.-
Do 3 per Cent (Uribarren) st Melb. Cor. 6p. c. Bnds. 103
£BBB, on the Manchester, Sheffield, and Lincoln of Do 41 per Cent., 1862
£1,485, and on the Great Eastern of £1,478. The Do. Account 20 New Brunswick &Can. Can.
Portsguese 3 per Cent., 1853
1
Great Northern, however, shows an increase of, Do Account - at 4'.lll.C'da,polstpf.bds 10, 82 81
st Scinde . .•
.. g
.... lOO 1004 101¢ 1001
£2,906, the Bristol and Exeter of £237, and North Do 3 per Cent., 1856, '7, '9, '6O, '62, '3, st Do. Delhi
Do Account — 20 Do. do .-, 4, 2 1 d id
Western of £312. Russian 5 per Cent., 1822, £ St.,
. The meeting of the City Offices Company was Do 41 per Cent., 1850
held to-day, and the following is an abstract of the Do 1860
Do 3 per Cent., 1859
____
report presented :—Since the issue of the report of Do 5 per Cent., 1862
the 30th November last the properties of the corn- 'Do 1864
pan y under construction have been rapidly pro- 1877 A
Do. Account
seeded with. The alterations on the Cornhill pro- Snish 3 per Cent 4B Do np. c. Feb. & Aug.. 100 r 9 91
D.sp. c. Mar. (Sz; Sept 10 ) 89 91 901
perty have been completed, -and it has been let on Doo .4 ce cwo upn
et f e r
j. e d
_ Do. 5 p ~. Inscribed sk 100 58 82
lease at a rental securing a very remunerative re- Do Account Cape G.Hope, 6 p.c. 1873 100 103 106
turn on - the investment. The present productive Do Passive — Do. April & Oct. 1880-1 100 105 107
Do Account • —
properties of the company are as follows, viz.:— ' ..._—
Do.
Jan.
&diuly, liget-..1
110000
110058 10087
Spanish Cert. of Coup not funded — Ceylon, Nov. 1829, 6p. c 100 102 101
Nos. 17 and 18 Cornhill, 27, Leadenhall-street, and Do Account l7/ Do. 1878, do. 100 1.1'5 107
' 63, Swedish 4 per Cent. Great Tower-street. It is expected that the — Mauritius, 6p. c, 1873,
Turkish 6 per Cent. 1854 — Jan. and July
block in Clement's-lane will be so far completed that Do Account Do. 1.78
rents will be receivedfor a portion of it at Michaelmas Do 6 per Cent. 1858
Natal Gov. 6 per cent.. 100 105 107
next. With reference to the Bishopsgate-street block Do Account — , Do £lOO Bonds , N.8.G0v.6 p.c.Ja.&)uly 100 88 92
N. B.IV. Gov. 5 p'c., 18t16 00 98 100
possession has been obtained of the whole of the site,--• Do 6 per Cent. 1862
Do Account 741 4 Do. 5 p.c. 1888 to 180! 100 91 93 92
and the old buildings are in rapid course of demoli- Do. £lOO Bonds — New Zealand, 6p. cent 100 103 105
tion. Having regard to the suggestions of the share- Do 6 per Cent. 1863
Do Guaranteed, 4 per Cent - Nova Sc tia Gov. 6p. a
holders, at the last general meeting, in respect of sterling, 1875 l2O 91 93
Venezuela 3 per Cent. — Queensland Gov. 6p. c lOO 102 104 1031 i
the interest on the £300,000 mortgage debentures Do. Account -
being charged to cost of buildings, the direc- Do. 6 per Cent, 1862 — Do. 1878 & upwards.. 1 0 105 107
JO . Account — Vic,Gov. 6 p.c. Ja & July 100
tors have carefully considered the matter, and Do 6 per Cent.,1864 4ll i Do. do, A pril & Oct.. 100 10) 110 1091 10
for their guidance instructed the solictors of the Dividends on the above payable in London.
BRITISH MINES.
company to draw up and submit a case to Austrian, 5 per Cent., Ex. 10, Florins
2 Cam consul. Gold, Sim 1
Belgian, 41 per cent., Ex. 2af.
Counsel, which was done, and submitted to 62
Dutch 21 per Cent., Ex. 12 Guil — Clifford Amalgamated, 29 31
Ur, I. H. Lloyd, of the Temple. The following Do. 4 per Cent. Certifi,,,..tes - Devon G. Cons. (Tavist. 1 580 59)
is an abstract from his opinion :—" Upon a careful FrlSnochAtonutenst' 3 per Cent. — Drake walls 2.1.0 1 4
East Bassett (Illo,;an) 3O 20 23
___
East Caraton 2.14.6 14 15
consideration of this matter, lam of opinion that it Italian 5 per Cent., 1861, Ex. 25f
was and is competent to the company to carry to Do. Account - East Grenville
capital the interest on so much of the debenture THREE O'CLOCK. . East Love.l 2.,3.6 11 12 111 DI
ca E. INT'I Russell (Tavistk 9.10.6 31 41
debt as on a fair apportionment may be attributed C oLi
os o I
Accounts,Money B9l 1 Gam.& StAubyn(G7ven. M 1 4 6
. B9f 1 4 Gr_at L ixey, limited.. all 19 20
•to the purchase of the premises, at present unpro- Great South Tolgus.... 1.1.0 2 2
G. Wheal Vor (heist ,n 40 32 33
ductive, as being in course of construction or Liverpool Cotton Market—This Day. Grenvil.e 7.8.3 4 4
adaptation, and to the expense of such construe- ..0-------- Elerod's Foot ..... 8.13 15 36
Hingston Downs 1.18.0 34 4
tion or adaptation; and that if any surplus income The Market rather firmer, Sales 5,000 or marg-aret (Uny Lelant 94 5 7
Marke Valley 4.3.0 5 54
bales. --
• remain after satisfying the interest on the debt not so 6,000 4
rilwyndy Iron Ore, him 24 15 0/
apportioned or appropriated, it may be distributed
as dividend among the shareholders." In accord- MARKETS---This Day. New Seton
• North Downs 214 35 45
3
ance with that opinion £2,334 13s. 11d., the amount e North Roskear
N.Wh'l Bassett(lllogan 3.10.0 4 9
'' of debenture interest paid on the properties under METROPOLITAN CATTLE. . North Wheal Crofty
There was a fair average supply of beasts on sale here, -_-_
..
construction that had been charged to revenue f.rrovsterne e united.......,
iyan 710.66.7 33 3834
to-day, in but middling condition. The for most
• account has been transferred to the cost of pro- in i demand— S. Caradon (St. Cleer) ll 530 550
, breeds was inactive, and, some instances, prices were a -s. Wheal Fran. (Mogan 18.18.9 2) 25 ,
Perty. By such transfer the revenue account shows shade lower. The supply of sheep was moderate. Downs Stray Park
77 '.l'l,i_nes(t3f,oasits 30,17.6 15 17
9 144 15;
a balance of income in excess of expenditure of and half-breds were steady, at previous currencies. Other-
ett (11: ogan
£703 9s. 10d., as per audited accounts annexed. wise the mutton trade was in a sluggish state, at barely
,___--
~r.e.
stt'itirtil droenrtnE skeard
119
670 A
4
Several of the company's properties being leasehold, Monday's decline in the quotations. Lambs moved off West Seton 474 190 100
slowly, at from 6s. to 7s. per. Sibs. Calves were dull on L-
it is necessary that provision should be made to re- Wheal Bassett
tatleugatriii
1504 100 105
- _
former terms, viz., from 4s. 6d. to ss. Bd. per 81bs. Tho Whea Ludo,..tt 3.12.8 1 1
Coup the capital at the expiration of the terms of
pork trade was steady, at previous rate's. Milch cows pro- Wheal Mary Ann (Men. 8 11 13 .
the leases. An actuary's calculation has been ob- Wheal Seton
doted from £l6 to £22. Wheal T, elawney (.I,is 7 19 20
tamed of the necessary annual amount to be set Per 81b to sink the offal. Wheal Uni n 4 4 1
aside for that purpose, which it has been determined s d s d a d a d ______
e. & inf. beasts... 3 6 4 0 ( Pme crs-;wool sheep 6 0 6 4 PREPERENCEH SAREb.
`, for the future so to set aside c
, and to charge to the Secondrs quality do ..1 2 4 6 Prime b thdown e 0.6 93 6 8 North Eastern, Cons. pref., 4 per cent., 1.—
debit of revenue account. The directors recom- Prime large oxen ..4 84 10 La ge coarse calvcs.4 6 5 2 Ditto, 4¢ per cent. pf. stook rd., 98
Prime Scots, &c.... 5 A 5 2 Pr.rne small d0......5 4 5 8
a that power be given them to pay an interim Snell Crse. and inf. stieep.4 6 5 2 Large hogs .3 6 4 0 PREFERENCE SHARES AND STOCKS.
divm,,,,,,7 1.,_:,...., 4.4,,, „„„,„„fa c,,,, Ili, p„,,,,„f ~,,,, second quality d0....5 05 10 Small porkers 4 2 110 London, Chatham, &c., Motrop. Ext., B 6 per cent., 081

turn on the investment. The present productive
. properties of the company are as follows, viz.:—
Nos. 17 and 18 Cornhill, 27, Leadenhall-street, and
63, Great Tower-street. It is expected that the
block in Clement's-lane will be so far completed that
rents will be receivedfor a portion of it at Michaelmas
next. 'With reference to the Bishopsgate-street block,
possession has been obtained of the whole of the site,.
and the old buildings are in rapid course of demoli-
tion. Having regard to the suggestions of the share-
holders, at the last general meeting, in respect of
the interest on the £300,000 mortgage debentures
being charged to cost of buildings, the direc-
tors have carefully considered the matter, and
for their guidance instrusted the solictors of the
company to draw up and submit a case to
counsel, which was done, and submitted to
Ur. I. H. Lloyd, of the Temple. The following
is an abstract from his opinion :—" Upon a careful
consideration of this matter, I am of opinion that it
Was and is competent to the company to carry to
capital the interest on so much of the debenture
debt as on a fair apportionment may be attributed
to the purchase of the premises, at present unpro-
ductive, as being in course of construction or
adaptation, and to the expense of such construe-
, tion-or adaptation ; and that if any surplus income
remain after satisfying the interest on the debt not so
apportioned or appropriated, it may be distributed
as dividend among the shareholders." In accord-
ance with that opinion £2,334 13s. 11d., the amount
r of debenture interest paid on the properties under
Construction that had been charged to revenue
account, has been transferred to the cost of pro-
perty. By such transfer the revenue account shows
a balance of income in excess of expenditure of
£703 9s. 10d., as per audited accounts annexed.
Several of the company's properties being leasehold,
it is necessary that provision should be made to re-
coup the capital at the expiration of the terms of
the leases. An actuary's calculation has been ob-
tained of the necessary annual amount to be set
aside for that purpose, which it has been determined
for the future so to set aside, and to charge to the
debit of revenue account. The directors recom-
Inend that power be given them to pay an interim
dividend before the accounts for the current year
are closed, in the event of their finding it advisable
to do so.
The first ordinary general meeting of share-
holders of the India Rubber, Gutta Percha, and
Telegraph Works Company was held to-day. The
report stated that there was a balance of £7,818
195., at the credit of trading accounts, enabling the
directors to recommend a dividend at the rate of 10
Per cent. per annum ; there remains £2,368 195.,
Which, after liquidating the balance standing against
Preliminary expenses, left a sum of £1,138 7s. 3d.
to be carried to next account.
The annual general meeting of shareholders of
the Reliance Mutual Life Assurance Society was
held to-day. • The report submitted showed that,
‘• during the year 1864, 790 policies were issued for
assuring £233,530, bringing in £7,582 14s. 11d.
tiew premiums. The total income of the society for
Premiums and interest was £50,683 10s. 6d. • The
cash liability is £143,697 45., and the certified
assets £168,429 18s., showing a surplus of £24,732
lls., to be appropriated for bonus subject to the
usual reserve.

REFERENCE 811 A ItEs.
Eastern, Cons. pref., 4 per cent., 1—
tto, 44 per cent. pl. stook rd., 98
PREFEftENCE SHARES AND STOCKS.
London, Chatham, ft., Metrop. Ext., 13 6 per cent., OSI

cd to 7c Od.

FOItEIGN ItAILWAYs
Bahia and San Francisco kli.n.) gua. 7 per cent., 15
Dutch Rhenish, 22}
Great Luxembourg, 12}
Ottoman (Smyrna to Aldin),7l.o
South Austrian and Lombardo Vendlan,rfila
FO.ILEIGN MINEL,

General, 211
Linares, Urn , 4i
United Mexican, 4)

BANKS.
Agra and Misterman';, lim., 122
Ditto, new, 611 1
Albion, 7
Alliance (Urn.). 34
Anglo Austrian, 71
Anglo Egyptian, lim., 13,1
Bank 01 queensland, Bin, 221
British and Californian, lira., ti
Chartertd Bank of India, 'Australia, and China. 321
Chartered Ter. of India, London, and China, 53
Consolidated Bank, Um., 101-
English, Scotch, and Australian Chartered, 201
European Bank, lira., s3l
Hindustan, china, and Japan (lim.), 25 1 ,
Imperial Ottoman, in
London Chartered Bank of Australia, 241
London Joint Stock, 47
London and Venezula, lim., 5
London and 11 estminstur, 94f
Mercantile and Exchange, lim., 7 •
National Provincial of England.

Ditto. 3d issue, 46
Oriental Dana Corporation,
Ditto, new, 511
Scinde, Puujaun, and Delhi. lira., 111 11
Standard of British South Africa, lim., 24
Union of Australia, 641

Two o'CLoca.
At Paris, this day, according to Mr. Reuter's
t:legram the French 3 per Cent. Renter were 67f.
use. Heavy.
There has been a slight increase in the demand
'Ols money since the alteration in the official mini-
-1:411111, owing no doubt to the Stock Exchange settle-
ment. A large number of Indian engagements will
bE' due to-morrow, which is also the end of the quarter,
and it may therefore be expected that the inquiry
VI be actively kept up the remainder of the week.
.he rate for the best bills is 4 per cent., with excep-
t-L
IQual transactions at 3i per cent.
theAn improvement of per cent. has taken place in
t Market for the English Funds, and Consols for
trc'lley and the 6th inst., are 89/ 89/ and for the
"ay settlement, 89t 89k. The New Threes and

MISCELLANEOUS.
Australian Agricultural, 18
Boibbay Gas, 11m., If
Canada Company, 55
Ceylon Company, Al
City Offices, lim., 51
Credit Fonder and Mobilier of England,lo,l 10

Ditto, new, 8
Crystal l'alace, 3i 41
Egyptian Com. and Trading, Um., 416
F'airb .irn Engineering, 61
Financial Corporation, 1
Fore-street Warehouse, 1im.;106
Gen. Credit and Finance ot London, 11m., 63-
Hudson's Bay, 151
Imperisl Mercantile Credit Asso., 66 ff
International Financial society, lira., ei 6
International Land Credit, lira.,
Joint Stock Discount, lira., 81
Land Securities, lira., 31
London Financial Association, lira., 216 9 I
M idras Irrigation and Canal, 46
Mauritius Land, Credit, and Agency, lira., 21
rational Discount Company, lim., 151
North British and Mercantile Insurance, lira., 18
Ocean Marine Insurance), 24
Telegrat h Construe. and Maintenance, lira., 86
Warrant Finance, lira., 8

AMERICA.

who argue in favour of making other people slaves
(Applause.) lam in favour of giving an opportunity to
such white men to try it on for themselves. (Ap-
plause.) I will say one thing in regard to the
negro being employed to fight for them, Ido know
he cannot fight and stay at home and make bread
too—(laughter and applause)—and as one is about
as important as the other to them, I don't care
which they do. (Renewed applause.) lam rather
in favour of having them try them as soldiers.
(Applause.) They lack one vote of doing that, and
I wish I could send my vote over the river so that I
might cast it in favour of allowing the negro to
fight. (Applause.) But they cannot fight and work
both. We must now see the bottom of the enemy's
enemy's resources. They will stand out as long as
they can, and if the negro will fight for them, they
must allow him to fight. They have drawn upon
their last branch of resources. (Applause.) And
we can now see the bottom. (Applause.) lam
glad to see the end so• near at hand. (Applause.)
I have said now more than I intended, and will
theiefore bid you goodby.

(REUTER'S EXPRESS.)
(Per the Belgian.)

NEW YORK, March 1 (Evening).

The following message was received from the
President on the subject of the Exemption Bill :
" To the Senate and House of Representatives of the

Confederate States of America.

" I have now under consideration the Act, en-
titled 'An Act to diminish the number of exemp-
tions and details,' which has passed both Houses,
and was presented to me on Saturday, the 11th
instant.

" The act contains two provisions which would, in
practice, so impair the efficiency of the service as to
counterbalance, if not unweigh, the advantages that
would result from the other clauses contained in it.

" The third section exempts all skilled artisans and
mechanics in the employ of the Government from
all military service. A very important, and indeed
indispensable, portion of our local defence troops
consst of these mechanics and artisans. They amount
to many thousands in the Confederacy, and while
they are, and should remain, exempt from general
service, no good cause is perceived why they should
not, like all good citizens capable of bearing arms,
be organised for local defence, and be ready to
defend the localities in which they are respectively
employed against sudden raids and incursions. If
exempt from this local service, it will be necessary
to detach in many cases troops from the armies in
the field to guard the towns and workshops where
they are employed. It is believed that if this
provision became a law the gain of strength result-
ing from the repeal of other exemptions enacted by
the first section of the law would be more than
counterbalanced by the loss of this local force. The
second provision to which I refer is that which
revokes all details and exemptions heretofore
granted by the President and Secretary of War,
and prohibits the grant of such exemptions and
details hereafter.

" There is little hazard in saying that such a
provision could not be executed without so dis-
organising the public service as to produce very
injurious results. In every department of the
government, in every branch of the service through-
out the country, there are duties to be performed
which cannot be discharged except by men in-
structed and trained in their performance. Long
experience makes them experts. Their services be-
come in their peculiar sphere of duty worth to the
country greatly more than any they could possibly
render in the field. Some of them it would be im-
possible to immediately replace. The Treasury
expert who detects a forged note at a glance, the
accounting officer whose long experience makes him
a living repository of the rules and the precedents
which guard the Treasury from frauds, the super-
intendents of the manufacturing establishment of
the Government which supply shoes, waggons,
harness, ambulances, &c., for the army, the em-
ployes who have been especially trained in the
distribution and sub-division of mail matter
among the various routes by which it is to reach
its destination, are among the daily instances
which are afforded in the experience of executive
officers. To withdraw from the public service at
once, and without any means of replacing them,
the very limited number of experts, believed to be
less than 100, who are affected by the bill, is to
throw the whole machinery of government into
confusion and disorder at a period when none
who are not engaged in executive duties can have
an adequate idea of the difficulties by which they
are already embarrassed.

POLICE INTELLIGENCE,--This Day.

BOW-STREET.

" The desire of the Executive and Secretary of
War to obtain for the army the services of every
man available for the public defence can hardly be
doubted, and Congress may be assured that nothing
but imperative necessity could induce the exercise of
any discretion invested in them to regain men out of
the army. But no Government can be administered
without Testing some discretion in the executive
officers in the application of general rules to classes
of the population. Individual exceptions exist to
all such rules ; these exceptions cannot be provided
for by legislation in advance. I earnestly hope that
Congress will pass an amendment to this Act now
under consideration in accordance with the fore-
going recommendation, so that I may be able, by
signing both the act and amendment, to secure un-
impaired benefit to the proposed legislation.
"JEFFERSON DAVIS,
" Executive-office, Richmond, March 13, 1865."
PHILADELPHIA, March 17.

The Bulletin says the storm of last night was very
destructive in the interior of the State. The Sus-
quehanna River and all its tributaries were extra-
ordinarly high, and below the Middletown Railroad
is washed away.
In the oil regions also there have been great floods.
Oil City is submerged, and great quantities of oil
in barrels have been swept away.
EAsToN, PA., March 17.

The Delawarr River is over 26 feet deep above
the low water mark, and is still rising, but little
damage has been done above this point yet. There
is about 22 feet rise in the Lehigh River. It is re-
ported that the canals have been materially damaged,
but there is nothing reliable as yet.
POUGHKEEPSIE, N.Y., March 1.

Elizabeth Haisman, a respectably-dressed woman, was
charged before Sir Thomas Henry, with stealing a purse
at the Metropolitan Railway.

Mary Ann Weldon, of 24, Suffolk-place, Edgware-road,
said -yesterday afternoon she took a third-class ticket at
Farringdon-street, and got into the carriage where the
prisoner was. When the train stopped at Gower-street,
the prisoner took up some things which were on the seat
close behind witness, and as she was getting out she saw
her drop a purse. Witness said the purse was hers. She
then picked up the purse, and as the train began to move
witness could not follow. On the train stopping at the
next station witness returned, and then found the prisoner
in charge of a porter. The purse was afterwards found in
a corner of the platform, with the contents, 4s. 9d. The
purse, in the first instance, was not in her pocket, but in
her lap, near her bag. She saw the purse drop from the
prisoner's hands.

Charles Owen, a guard on the Metropolitan Railway, said
he was with the train in question. He saw the prisoner,
pick up a purse from the bottom of a third-class carriage,
and he asked her what she had, and she replied "Nothing."
He called to a porter to stop the prisoner. Prose-
cutor said "That's my purse." On the return of the
prosecutrix the purse had been found and the pri-
soner was in custody. When the prisoner picked up the
purse she was out of the train. When he spoke to her
about the purse she turned out her pockets and said she
had nothing, and that she was willing to be searched.
Witness said he did not go on with the train, but remained
behind to look after the purse.
Robert Cane said he was a porter on the Metropolitan
Railway. He was on duty yesterday, and the last witness
called to him that the prisoner had got something which
did not belong to her. She said she had not, and when he
asked her if she had got the purse she denied it. He after-
wards saw the purse on the ground, close to where she had
been standing. He did not pick it up, but showed it to the
prosecutor, who picked it up. The prisoner denied drop-
ping the purse.
In answer to the magistrate, the witness said there were
several persons standing near where the purse was found.
Prisoner said she was known from travelling frequently by
the line, and they could make any inquiry they pleased
about her.

The gale yesterday seriously obstructed travel on
the Hudson River railroad. There have been no
down trains on that road to-day. Several hundred
feet of the track between Stuyvesant and Albany
are submerged, and the telegraph poles in that loca-
lity are washed away.

Police-constable 319 A said he received the prisoner into
custody at the Tower-street station. There were a num-
ber of persons standing round at the time. He asked the
prosecutrix where she saw the purse last, and she said she
saw the prisoner pick it up from the bottom of the carriage.
Prisoner said she knew nothing of the purse. She further said
she had dropped her own in the carriage, and that was the
only one she had picked up. Sho produced it. It was a
square pocketbook purse.

The magistrate committed the prisoner for trial, but
accepted bail for her appearance at the sessions.

MARLBOROUGH-S TREE T.

THE WEST-END BEGGING NUlSANCE.—Margaret Whipper,
Edward Ferguson, James Tippett, James Beasley, George
Richard Payne, and George Reid were charged before Mr.
Knox with begging in Old Burlington-street, Old Bond-
street, Grosvenor-street, Regent-street, and Jermyn-street.
Turner, Mendicity Society's officer, said that Whipper
had been 20 times in custody for begging. Tippett ho saw
standing shivering in the streets, pretending that he was
suffering from ague, although he was a strong, healthy
young man. Payne wawa following persons and begging of
them.

Fryer, Mendicity Society's officer, proved seeing Reid, a
tall, powerful fellow, having the appearance of an cxca-
vator, begging in Bond-street, and tolling gentlemen tha
ho was starving, and had had nothing to eat all day, while
at the time he had several coppers in his hand. Ferguson
he saw go into several publichouses for the purpose of
begging, and Beasley was sitting on the steps of a door
with a child begging to keep in idleness a strong but
drunken husband. Payne said he was a miner, and had
met with an accident while working for Mr. Sewell, of the
City. He had been supported for two months, and was
then obliged to beg for a living. Reid said he had no work
but expected some.
Mr. Knox discharged Payne, and committed all the other
prisoners for a month with hard labour each, remarking
that it was a scandalous thing for a big hulking fellow like
Reid to go about begging.