The Sun.
London, England, 1862-05-20 00:00:00

IHE SUI, LONDON, TUESDAY EVENING, MAY 20, 1862,

--......
MONEY MARKET. I SHARE MARKET---THIS DAY.
4- I BRITISH POSSESSIONS.
___..„..
, Closto2
---__
Share Railways. Pa,11.1 Price. Business don(
CITY, TWELVE O'CLOCK. ORDINARY SHARES AND STOOKS.
100 Atlantic &St Lawrenct air 6168
The operations in the Foreign and Colonial Pro- ' • ~,,_ ( Born.,Baroda&.Cent Ind
Paid. Closing Business 8.16 I Gu. 5 per cent. 1(0 102 103
duce Markets during the last few days have not been Share I Railways. Price. done. 201 Bulf a 1 o
barße
denwrtsdae.
nrLAat
na, u
g&ke
eeG. 13.0.1.
d;m: 0c../..
hn.: , all 51 6 d 54
,
of a very extensive character. For tea there has
9-
13.14 Itir , Wol , and Str. Val. all all 1 74 8
been a very limited inquiry, and inferior descrip- 10 , Bos.t.,Sleaf.,and mid.Co: I all 1 6 7 12,„",00051
613puDDff.
000ta..1.0Nr,
100 81 85
tions have been sold at rather easier rates. Sugars et
'Bristol and Exeter .... 100 1 91 03
t '•Caledonian lOO , 1091 1091' 1081 100 Do. do. July 1, 1878 100 79 83
have realised about former prices, while coffee, owing 50 Cork and Bandon all I- - 100 Do. do. June 1, 1-n;, 100 78 S 2
20 Cornwall all ; 61 61 st Cleutta.&S.Eastn. ( I,i , ' 100 102 101
to the small quantity offered at public sale, has re- A A gets no div all I 1 2 st Cape Town &Dock Seri, 1( 0 - -
mained without material variation. Rice had been 10t
1-2,°„ `", till 6p cp au has 1 all 5 6 176 Demerara. - -
"' -'-' been paid. to B. s stock Eaatn. Bengal gu. sp. ( 100 102 103
in more request, and has supported previous quota- 50 Dublin & Belfast June. all 41 43 stock East Ind:an, RM. sp. c. 100 104 105, 1044
25 Dun.,Perth,& Ab. June. all 10 11 20 Do. do. G Ext..... all / 4
tions, while a fair amount of business has been at East Anglian lOO 204 214 . stock Grand Trunk of Canada 100 24 254
negotiated in saltpetre. Tallow gas continued in at Eastern Counties I 100 561 576 581 100 Do. 6 per cent. Pref.. all es 71
100 Do. 2d Pref. 6 per ct.. all 57 60
demand at 465. 6d. for P.Y.C. on the spot ;and 495• at Earotern UnionlidAo stock) 110000
3577 5109
100 Do. 6 per ct. Debentr. all 36 38 37
st East Suffolk - - 100 Do. 7 per cent. 1862 .. all 43 16
for last three months' delivery. at Edinburgh & Glasgow lOO 89 91 100 Do. do. 1867 .. all 35 38
Another banking company, entitled the" Union at st , Edin., Perth, & Dundee 100 30 304 100 Do. do. 1872 .. all 36 37
Glasg• and S. Western. 100 1 102 104 stock GtlndlaPenin.gua.sp.c. 100 1024 1024 1021
Bank of Ireland," is introduced to the notice of the 10 GreatNrthn.of Scotland all ,' 140 145 20 Do. New gua. sp. c... 12 4 1 p
Greato Nothern-
.investing public. The list of directors contains the sal A stock
names of a large number of gentlemen, highly con- at Do B d 0134
1141 115
100 CI 110421 1054 204 Gt. W. of Canada Shares all 121 121 121
204 Do. New
nected with other banking associations and the at Gt. S. an
Western:.of Ireland
100 73 734 724 I 3
100 Do.! 6 p.c. '73 witlet opt. all 98 100
100 , 55 57 100 I Do. 54 p. c. do. '77 d 0... all 93 P 5 931
commerce of the country. Its adoption is urged s 4 _Do Str Val gun. stock
100 Do. 1878. all 91 95
110000 stock Madras guar., sp.c. .. 100 1011 1024 lon
upon the ground of the yearly expanding trade and S Lancashire & Yorkshire 0 109
612091 1,7 1 ;
astt
iLondonorißriagrthdt
&Blsa.ekcsvoaasltli
stock Do. 41 p. o. Extension 100 94 96
122 123 122
general prosperity of Ireland, the success of other st l''.on., Chat., .....:nd Dover) 100 44 45 stock Do. 41 d 0........ 100 91 93
stock Melb.Corp. 6P. o. Bnds. 100 - -
similar institutions in that country, and the long at Lou. & South Western 100 994 1001 100 20 Newßrunswick et Canda
time—a quarter of a century—that has elapsed at Lou.. & North Western 100 94 644 94 34
BS L 'derry & Enniskillen.
_al.! Vi :-5
414
Ry.&Land(Lim.)g.6pc all s 7
Man., Shef., & Lincoln. 100 Class A Capital Share - '
since any new bank had been added to those now g.. Do. do. Land d 0........
all - - 20 Do. do. B Capital do. ..
in existence. The capital required is £1,000,000, 1(2)4 , a rie3t7•ll) soitatraena all 85 9 all 1 6
Maryport and Carlisle all
.. Do. do. Land do. .......
which is proposed to be alloted in 10,000 shares of st Midland - -4..; 100 103 104
6.4.0 Do New
£lOO each. at Do Birming. & Derby 100 99 101 ZO Do. Do. ~ ...... Et c; ' all 2048 201
The quarterly sales of East Indian indigo, which 2505 stock Do. Indus. St. Flo. .E,' g. 100 89 5001
The - -
Mid Gt.
sharesW.of Ireland all _ ___
10 Trinidad (Lim.) Scrip.., 1 8 I d
commenced on the 13th inst. and were brought to a 2ig Mid Kent - -
ray Line - - FOREIGN RAILWAYS
conclusion yesterday, comprised 7,829 chests ; but 100 Newcastle and Carlisle all - -
of the quantity brought forward, it is estimated that sat Norfolk
North Briti lOO 71 73 20 Algerian , 6l— ;-
sh
3,062 chests have been bought in, 2,384 withdrawn, st Nor.Dev.Rail&Dk.stock 100 - - • 20 Ardennes.... ......, .. all ---o
at Do A stk ; A revs no d 20 liah.&S.Fran..Lim.7 p.c. 164 1 11
and 2,383 sold, to which may be added about 225 till 6 pc. has been pdß 100 - - 5 Belgian East. Junction all 1 11
Carmeaux Mine & Rail 30 11 12
of the bought in, malting et the total quantity sold st Do B stock lOO - -
Nth. Eastern-Berwiok 100 974 071
100 Copiapo ...... • ......... all -
about 2,600 chests of which 1,800 are estimated for 25 Do, G.N.E. purchase 16.13.4 1 4d d 10 Ditto Extension .... all 44 4
,
at Do Les& 1 100 555 951 20 Dutch Rhenish ....... 16 11 14p 174 4
export, and 800 for home use and re-sale. The fol- at Do York
lowin are the quotations as compared with the last 71:t) North London - -
gDo new 5 p fpm 2U Gt. Luxem., Con. shs... all 15 U 4 154 4
February sale :—Bengal, good and fine, par to 3d 19.16.4 North Staffordshire - -
10 20 Lyons & Geneva ...... all - -
per lb lower, middling and ordinary ld to 9d • st
.-.A... co. ttish 'Central * 100 122 124
'''' and S W Junction• all 104 115
20 Namur & Liege ........ all 0/ 84
plant Oade, 3d to 6d ; ordinary °ode, 6d to is; at 'leg; isTS,;N:',‘`Me. Aber. stock !T, IX. in 20 Do. 6p. c. Pref......... all 2u 2.1 204
16 Do. New Shares .. 15 - -
-K.urPall, good and fine, par to 3d, middling to very 10s shrews. and Welchpooi all
10 Norwegian Trunk Pref. all 810
ordinar.y 6d to Is ; Madras, fine, par to 2d per lb t, thorcrirgerveoUnnion
3-4.-55 -f77
20 0 t'mn ( Smyrna to Aidn) 15 8 7
20 Parts,Lyons, & Mcditer. - all 434 (41
high'er, middling to good 4d to 6d per lb lower, and 25 Un. all - -
st
South Eastern - .... all 51 63
at South Wales
20 f Recife & S. Fran. (Pern.)
oreAinary and very ordinary 8d to is. at S. York. and River Dun 100 99 101 ( ,sua. 7p. ct. 1im...... 19 44 34
20 Riga & Dunaburg...... all - -
There was rather more activity in the Liverpool 20 staines,Wok.,andWok. all 8 7
• 25 Stocktono & Darlington; alll 37484 0438 it 20 Royal Dani5h.......... all 13 15
Cotton Market yesterday, but prices underwent nos Royal Swedish ....... all - -
• change. The sales were about 4,000 bales. 25 Do New, 1860 1 6 6 64 p 4 Do. 7 per cent. Pref.... all - -
at Taff Vale. ' 100 143 147 20 Sambie & Meuse ...... all 12 121 124 1 4
The bullion operatious at the Bank of Engand at Do Pref. No. 1 ' 100 - - 10 Do. 51 per cent. Pr0f..... all 91 94
50 Ulster ' all 555 561 20 San Paulo, lim, g. 7 p.c. 8 4 / pml
Yesterday were not of any public interest. 25 Do
12.10 Do -
st Vale of Neath , 100 91 93 20 Southern of France.... all 335 345
CITY NEWS- --THIS DAY . Ba t Victoria
Waterford
and Pim 1 100 130 135 84 West Flanders .. , ..... all 76 7f
10 Do. 54 pc. Preference.. all 10 104,
& K lkennyl 100 - -
. Two O'CLOCK. 20 West Cornwall 1 all 64 6/ 20 W. & N.W. of France .. all 22 23 I
20 West London I all - - PREFERENCE SHARES AND STOCKS
. The annual meeting of the mercantile Bank of 10 Do Ist class 1 all - - Dividends contingent on the Profits of each separate Year.
India, London, and China, took place to-daMr. 20 -
W.
2d class I all -
y— -
st aa. Hartlepool Har.&R.; 100 - - at ',Caledon. £lO Gua. Stk 100 103 105
G. G. Nicol, in the chair. The report, which was st West Midland Oxford' 100 46 48 20 Cornwall 45 p.c. ga.perp all - -
at Do Newporrl 100 42 44 at *E. Anglian, Clsß, 6 p.c. 100 120 123
Unanimously carried, stated that the profit and loss at Do Hereford 100 87 83 at * Do. ClsC, 7 p.c. 100 131 134
at Edin,Prth,&D'dee,4p.c. 100 80 b 2 82
account of the bank, for the year ended 31st Decem- at Lond'n, Brig-In, &c.,44
ber, 1861, which show that, after providing for all per cent. 18.58 100 103 105
LINES LEASED AT FIXED RENTALS. at Do. do. 4 per ct 1860 100 92 95
bad and doubtful debts, and defraying expenses of
5 IDo. do. 4 per et. 1861 34 -- -
management at all points, the net profits amount to 'Paid. Leasing Closing Business 10 Lon. & Chat'an, Metrop.
£60,040 15s. ld., which sum is available for appro- Railways. Co. a Price. Done. Ext. B, 6 p.c ' 74 5d pr
at ,Lon. &S.Western .P, p.c. 100 102 101
priation.., Out of the above amount the directors - -
Bedford and Bletchley all Ln.&N.W - -
have already paid £50,000, in two half-yearly divi- Birkenhead.
ends (free of income tax) of five per cent. each, Buckingh mg_ i_re.. - 100 Do.
Chester & Ilovaead.. 100 Do .p
95 06
54 56 at ,*SsottishCentral4l p.c. 100 -- -
1 irred. ref...
d
making together 10 per cent. on the paid-up capital Do. 5a per cent 100 Do.
Do. S.-Eastern 45 p.c. ,859.. alls
691 10
10 ' June IS6I ( ipm
Do. 5
of the bank. A further sum of 10,000 has been Clydesdale Junction 1001 IPloe*don. . 112 1150
10 (Do. 5 p.c. Aug. 1861 (rd.) 3) / Om
added to the Reserve Fund, leaving a balance of v?lliinester,StourVal. 100 E.1.1.&E.•C - - * Failure of full dividends in any given half-year not to be
L colnsh. gspr c. 100 Gr. North. 136 138 made good out of the profits of any subsequent half year.
£4O 15s. ld, to be carried to the profit and loss E.Union,HarwichShs all E.Counts. 4-4 41
Do. Woodbridge.... 100 _ .. .. BRITISH MINES.
account of the current year. The resever fund, Gls.Barr.&Neils.Drct. 100 Cledon
Gloster &Dean Forest all Gt. West .. .. - Alfred Consols (Phifack) 3.9.3 .. ..
now amounting to £60,000 has been invested in Hull and Seib
Y British Iron
• ~
.;Indian Government Securities, at a cost con. Do. halves
(.. , Do. quarters - Devon G. Cone. (Taoist.)' 1 440 450
~ mderably below their present market value. Lancaster & Carlisle 100 Ln.&N.W 199 202 - East Bassett (Illogan)..1 30 44 46
Lon. and Chat. Ext. B - East Caradon ...... ..... 2.1406 45 46
The chairman stated that the bank continued to 6 per cent - East Cam Brea... . 3.0.0 161 175 17 101
taake satisfactory progress, as was shown by the Do. Bromley. 6 per c. all D 0....... • • • • - E. WI Russel (Tavistk.), 7.100' 24 35
Ne Sh 1861, 4 p.c. all al.-- 20 22 - .Gam.&StAubyn(Gwen.) 565 14 16
iiuraber of deposit accounts, which, in 1859, was P)oD:Ww. Ext. A.4lp c. all D 0.... s 0
.... Great South Tolgua.... 17s 54 51 54 1
2,469; in 1860, 3,343 ; and in 1861, 4,142 ; and boolornefe&reGoreenwich
11(03,00
ISs_Eastern
;6126
12064 63
'- G• Wheal A.fd.(philacl2)
G. Wheal Vor (11elston); 40 64 7
'Which respectively represented L 1,032,000, 1-3".,Tilbak S.. -S'iend 100 Pe%) & Co. 87 89 - Grenville '6.15.6 6 6,1 61 a
Lowestoft gua. a p c.. 100 Norfolk .. .. .. - Herod's-Foot 1 8.1'4 38 40
£1,511,000, and £1,811,000. Do a per cent , 100 Do. - llingston Downs 1 4.14 25 25
At the meeting of the creditors of Messrs. 'Wilkins ,Bxtn.,& Matlock, all LNW& M 34 4* - Lady Bertha ' 1.14, i a
AlMinide.*BradfordPrefer-j - Margaret (Clay Lelant)l 91 42 (4
rind De Bruyn, commission merchants, who recently ence stock I 100 Midland /95 97 954 - Marke Valley..
, 4 Myndy Iron Oro (Lim ) 21 2 1
suspended, it was stated that the liabilities were guNewma.a6rkrte, B,oueroyEx
t. 1 ;5. 5. 6. E Counts. pA p pm - North Downs 25 44 41
£37,420 15s. lid., and the assets only £7,290 15s Bd. Nor Dot p. . all Do. - Northli Frances (Mogan) 12.3 - -
.h 6 per cent.s ... C. all Do. - N.W'l Basset(lllosan) 2.3 0 34 4:
Large losses had accrued from grain and tallow Do. Fixed sp. c.... all D 0.., - North Wheal Crotty .. 2.2.9 21 21
71,s17.oTritstNvi.o-sftlearnrtlepol 100 N. EBe :.• .... - Par Consols (St Blazes') 14 5 6
operations annually since the year 1856, with the
Not. Gran. El. & Cl. 100 Gt. North. 92i 936 934 21 - Surtridge Cons. Min. Co. 1 6 /
exception of 1860, when a profit of £9,000 was made.
Preston and Wyre. 1 all "'NAV] 44 46 - South Caradon(StCleer); 15 335 '45
A question respecting a remittance just due upon Do. '5
shares - S. Cam Brea (Illogan)..! 5.11.6 21 35
A. all Do. ••••.. ,' .. .. - E.Wheal Fran. (Mogan) 18.1'4S 95 100
some policies at Lloyd's for a firm at Riga led to Roystn.Hitch.& Steep.'' 100 Gt. North. 135 137 - Stray Park
some discussion ; but it was ultimately agreed to Shrawsby & Hereford 100 T Brassey;l2s 130 5 Tamar Silv.& Lead Min , 45 15 11
Do. Do
-wind up the estate under the inspection of two of South Staffordshire .. 100 ,Ln.&llsT.W .. .. - West Basset (Illogan) ,15 125 135
Wilts and Somerset.. 100 'Gt. West. 93 95 - W Caradon (Liskeard); 5 34 36
the creditors. Wimbledn lz Croydon,l all I,L.&Brgtn 1 84 95 - West Seton
The English Stock Market to-day has been dull - - Wheal Basset (Illogan)j 55 925 971
Wheal Buller(Redruth) 5 50 60
and heavy, Consols being 931 ti for money, and 921 ,"-4. PREFERENCE SHARES. - Wbutt Edward (Cals.): 71 11 LI
- Wheal Kitty (U.Lelant); 1.7.2 11 12
less the dividend for the account. Speculation is - Wheal MaryAnn(Men.),' 8 13 :15
I Closin's Business - Wheal Treiawney (Lis.) 7 15 17
still very mue I t restricted. The New Threes and the Share! Railways. i Paid,— Price'''. Done.
Reduced are steady at 911- 1; and Exchequer Bills, FOREIGN MINES.
.
at 15s. to 18s. prem. ; Bank Stock is 235 and 237 ; 25 Blythe
rof issued at
ziso.p.c
all 20 Australian
India ditto, 2281 ; and the 5 per Cents. remains at st Brie. & Exet. 4p.c. BE : 100 94- 9-6 1 BonAccordCopper,Lim all 1 0 i
5 Brazil Land & Min.Co all a 1
20 Do. ghat-as - -
1091 -Z. st Caledon. qr. shrs, No. 2 100 - - 1 Clarendon Cons.MinCo. I - di9.
61 Corkl & Bandon, 5a p. c. all - - 40 Cobre Copper all 25 29
Very little business has been recorded in Foreign 20 ;Cornwall 5 per ant.. - all 20 21 20 (;opiapo l6 6 8
Securities, and prices, in most instances, show a 65 I Dun. Perth, & Abe: ,Jun. all 6 61 2 Capula Silver los. i d jpm
1 DunMoun.Cep.Ming.Co ail 1 'if'
10 ; Do. Ist Class Pref . 3 East Del Ray (Limited)! 1 1 a
down ward tendency. Turkish 6 per Cents. are at IE. Angn. Class A sp.'. .c• 100 103- 105- 2 Fortuna.
801 81 ; ditto, 1858, 701 1 ; ditto New Scrip, 21 I at E. Coun. Ex. 5 p.c. No. 1 100 109 111 20 general all 22 24
st Do No. 2 100 108 110 2 .3.t N. Cop. of S. Austr. 11 1 i d
prem.; Italian 5 per Cents. have receded to 70Z ; at Do. new 6p.c. at lOO 127 129 15 fiapunda (Limited)..... i 41 1 p
Easternlio Union, 4p. c- 100, 84 86 86 all 7 74
3 Linares
Mexican, to 311 i ; Egyptian 7 per Cents., to li, 'lst sp. C. guar 5 Lusitanian 2 / d ipm
prem. ; Sardinian have improved to 84* ; Spanish at Edin.&Glas'.s p.c. shares 100 110 112
at Do. Ip. c. guar. S. & ~.. 100 90 92 1 Attriquita all 6 la
1 N.lthineCopolS.Aus.L 4 1 *ds
Certificates, to 87, 9 ; Peruvian remain at 98 ; and at Glas.& S.West. gu. 5 p.c. 100 - -
20 Pont baud Silver,Lead
at Great Northern, sp. c.. 100 116 118
the New Russian Loan at 1- 1 prem. at D 0.5 p.c.Redm.lop.c.pm. 100 112 114 Mining and Smelt... all 2 4
5 Port Philip 1 1 1-8
100 104 108
A heavy tone has prevailed to-day in the Rail- ata 800.544 -....itc0.dd0
am
p c.pm 100 107 109 1 Santaßirbara (11dMine a a 1 pm
1 scottish Austrin. (L.) los. 14 15pm 11
way Share Market, and several of the principal 10 Gt.•1411..0f Scot.rt fat prof., all - - r 2.0 St. John del Rey (1,.) , 15 55 57
at G. Sn. &W. (Ireland), 28.2.81 United Mexican j ail 64 76
British undertakings show a decline of about ito 4 per cent lOO 97 99
1 Worthing (Limited)....! all 1 1
1- per cent. Great Western have receded ss. ; 50 Great West. (Berke and
Hants Ext) 5 per cent 6 - - DOCKS.
Eastern Counties, Lancashire and Yorkshire, and st Do. redeem. 45 p. cc lOO 100 102 -
Midlands, 10s. ; Caledonians 155.; and Brighton, et Do.° redeem. 4p. ct.... 100 91 93 stock 'Commercial
-
st Do: Irredo.eerme..e4ep.ct..., 100
,2F,
-
stock East and West India ; 110 127 129
£l. st o. irinl guar.a stock.redeem. prof'.
laii I''
104
stock Do. 4 per Cent.Pref.Min lOOl - 1
stock London . .. ; 100 54 58
The Foreign and Colonial lines have remained at ')o. Birrn•. prof. .*, too 76 78 stock ISt. Katharine.. lOO 57 59
at Do. Chester guar. shares 100 76 78 stock Southampton;
moderately active, without material change in - Do: Chester s p.e: pf. shs 100 170 180 st,ctk Iv ictoria .
,_.--. q,-,,,th Austrian and T,nrnhardn-Vpnptirtn .7: Do. Chester 5 p.c. pf. shs all; 103 105 2O ;Do New ._._ .- 2 id par

Closing '
Share Railways. Pa,',d.l Price. Business done
100 Atlantic &St Lawrenct all. 6168-
~,_ ( Born.,Baroda&.Cent Ind
°"• I Gu. 5 per cent
204 Buffalo and Lake Huron all 54 6 d 54
rerfaeretn4ceGo.d.ri..c.h. all 8/ 9
203 Do. New - --
10
B upffoal P
o, Bn
100 i 6 p. ct. bds. Aug. 1, 1871.' 100 81 85
100 Do. do. July 1, 1878 100 79 83
100 Do. do. June 1, 1-;;5 100 78 82
st Clcutta.&S.Eastn. ( I,i , ' 100 102 101
st Cape Town &Dock Seri) lt 0 - -
171 Demerara.. all - -
stock Eastn. Bengal gu. sp. , 100 102 103
stock East Ind:an, gu. sp. c. 100 104 1018 1044
20 Do. do. G Ext..... all 4 4
stock Grand Trunk of Canada 100 24 251
100 Do. 6 per cent. Pref.. all es 71
100 Do. 2d Pref. 6 per ct.. all 57 60
100 Do. 6 per ct. Debentr. all 36 38 37
100 Do. 7 per cent. 1862 .. all 43 (6
100 Do. do. 1867 .. all 35 38
100 Do. do. 1872 .. all 36 37
stock Gt.lndiaPenin.gua.sp.c. 100 1024 1024 1021
20 Do. New gua. sp. c... 12 5 1 p
stock Gt. South.of India(Lim
guaranteed 5 per cent. 100 1015 1024 1024
201 Gt. W. of Canada Shares all 124 124 121
205 Do. New
100 Do. 6 p.c. '73 with't opt. all 98 100
I 100 Do. 55 p. c. do. '77 d 0... all 93 95 934
100 Do. 1878. all 91 95
stock Madras guar., sp.c. .. 100 1011 1024 1014
stock Do. 44 p. o. Extension 100 94 96
stock Do. 41 d 0........ 100 91 93
stock lslelb.Corp. 6p. o. Bnds. 100 - -
20 Newßrunswick et Canda
Ry.&Land(Lim.)g.6pc all 5 7
Class A Capital Share
Do. do. Land d 0........
20 Do. do. B Capital d 0... all 4 6
Do. do. Land do. .......
sloes Scinde .........1 . 4 ...; 100 103 104
20 Do. Punjaub .... Es e: 15 1 0 p
mlO Do. Do. ~ ...... cl , all 2048 204
stock Do. Indus. St. Flo.
.r,,,l'i 100 99 100
10 Trinidad (Lim.) Scripf'.l 1 8 4 d
FOREIGN RAILWAYS
20 Algerian • 6 - -
10 Antwerp & Rotterdam all 74 71 7/ 4
20 Ardennes.... ......, - -V
20 liah.ALS.Fran..Lim.7 p.c 164 1 14
5 Belgian East. Junction all 1 1/
Carmeaux Mine & Rail 30 11 12
100 Copiapo ...... • - -
10 Ditto Extension
20 Dutch Rhenish
20 Eastern of France ~
20 Grand Rus quar. 6p. c al - -
20 Gt. Luxem., Con. ails- all 15 1.71 151 4
20 Italian Junction ... ..• all - -
20 Lyons & Geneva .... • • all - -
20 Namur & Liege ....
20 Do. 6p. c. Pref all 2u 21 204
18 13 o. New Shares -.. 15 - -
10 Norwegian Trunk Pref all 8 10
20 Ot'mn( Smyrna to Aidn) 15 8 7
20 Paris,Lyons, & Mcditer. - all 431 145
20 Paris & Orleans all 51 63
20 Recife &S. Fran. (Pern.)
( gua. 7p. ct. lim l9 45 35
20 Riga & Dunaburg all - -
20 Royal Danish all 13 15
5 Royal Swedish ........ all - -
4 Do. 7 per cent. Pref all - -
20 Sambre & Meuse
10 Do. 55 per cent. Pref all: 94 nx.
20 San Paulo, lim, g. 7 p.c 8 4 4 pi*
20 S.Aust, &Lomb Venetin 18 35 34 p' 214
26 S. East Portugal 7 p ct. 7 --
20 Southern of France all 335 345
81 West Flanders .. ,
10 Do. 55 pc. Preference all 10 104
20 W. & N.W. of France
PREFERENCE SHARES AND STOCKS
Dividends contingent on the Profits of each separate Year.
at ',Caledon. £lO Gua. Stk 100 103 105
20 Cornwall4s p.c. ga.perp all - -
st *E. Anglian, Clsß, 6 p.c. 100 120 123
at * Do. ClsC, 7 p.c. 100 131 131
at Edin,Prth,&D'dee,4p.c. 100 80 b 2 82
st Lond'n, Brig'tn, &c., 45
per cent.. lB2B 100 103 105
at Do. do. 4 per ct 1860 100 92 95
at Do. do. 4i per ct 1861 100 103 105
5 IDo. do. 4 per et 1861 34 - -
10 Lon. & Chat'sn, Metrop.
Ext. B, 6 p.c ' 71 4 d pr
at ,Lon. SLS.Wcstern 41 p.c. 100 102 101
10 North British £lO Gua. ail - -
Shares, 1861
st ,*ScottishCentral4s p.c lOO -- -
irred. pref...
10 S.-Eastern 46 p.c. 1859 all 95 10
10 Do. 5 p.c. June 1861 (rd.) 5 1 fpm
10 i Do. 5 p.c. Aug. 1861 (rd.) 3) 4 fpm

LINES LEASED AT FIXED RENTALS.
Railways. Paid'
Co. Leasings CPlorsicine.g Business
Done.
Bedford and Bletchley all Ln.&N.W
Birkenhead..
Buckingh mg_ i_re ..
Chester &11 ovnead.. 100 Do. 54 56
Do. 51 per cent 100 Do.
Do. 5 „ 100 IDo. XII3 115
Clydesdale Junction 100 Cledon..
Colchester, Stour Val. 100 E.U. &E.O
E. Lincolnsh. g6pr c. 100 Gr.Nerth. 136 138
E.Union,HarwichShs all E.Counts. 41 4E
Do. Woodbridge.... 100 .. ..
Gls.Barr.&Neils.Drct. 100 Cledon
Gloster &Dean Forest all Gt. West.
Hull .. ..
Hull and Selby all Yk.N. Mid 110 112
Do. halves
Do. quarters
Lancaster & Carlisle 100 Ln.&N.W 199 202
Lon. and Chat. Ext. B
6 per cent
Do. Bromley. 6 per c. all D 0... . • • •
DD.New Sh 1861, 4 p.c. all D 0........ 20 22
Do. W . Ext. A, 41p c. all D o .........8
London & Greenwich 100 S. Eastern 62 64 63
Do. Preferen ,
Lon.,ffilb.& S.. - `.'iend 100 Peto &Co B7 89
Lowestoft gua. 4 p c.. 100 Norfolk
Do a per cent lOO Do.
lkinc.,Bxtn.,& Matlock all LNIV& M 3; 41
Mid. Bradford Prefer-
ence stock
Newmarkt, BuryEx 1,5.5. 6. E Counts. p A p •
gua. 5 per cent... PM
North n. & E at. tn. sp. c. all Do.
Do. 6 per cent. .... all Do.
Do. Fixed sp. c.... all Do. ...
N. Eastn--Hartlepool 100 N. E. Ber .. ..
North Western all Midland 16 lit
Not. Gran. Rl. & Cl. 100 Gt. North. 92i 936 94 21
Preston and Wyre. 11 all L&N'•W 1 44 46
& L.l k.
Do. i shares A.I all Do. ••• • .. .. ..
Roystn.Hitch.& Shep.' 100 Gt. North. 135 137
Shrewsby & Hereford 100 T Brassey 125 130
Do. Do.
South Staffordshire
Wilts and Somerset , 100 'Gt. West. 93 95
Wimbledn t Croydon; all I,L.&Brgtri 1 8A 96

PREFERENCE SHARES.
Share/ Railways. i Closing Business
Paid.
Price. Done.

'Blythe and Tyne 10 p.c
pref. issued at £5
Brie. & Exet. 4 p. c. st
Do. share,s
('aledon. qr. shrs, Vo. 2
Cork tt Bandon, 5} p. c.
'Cornwall 5 percent
Dun. Perth, & Abel ,Jun
Do, Ist Class Pref.-
E. Angn. Class A 5 p. c.
E. Coun. Ex. 5 p.c. No. 1
Do No.
Do. new 6 p. c. st
Eastern Union, 4 p. c
Do. 5 p. c. guar
Edin.&Glas.s p.c. shares
Do. I p. e. guar. S. &
Glas.& S.West. gu. 5 p.c.'
Great Northern, 5 p. c
D 0.5 p.c.Redm.lop.c. pm
Do. 44 p. c. do
Do.sp.c.Redrt .atsp.c.pm
Gt. Nh. of Scot. Ist pref.
G. Sn. & W. (Ireland)l
4 per cent
Great West. (Berke and
Hants Ext) 5 per cent
Do. redeem. 44 p. et
Do. redeem. 4 p. et
Do. irredeem. 4 p. et
Do. 5 p. e. redeem. pref.
Do. firm. guar. stock
')o. firm. pref. stock
Do. Chester guar. shares
Do. ChesterS p.c. pf. she
Do. Chester 5 p.c. pf. she
Lane& Carl. 4 p.c. prel
f.an. & York. 6 p.c. stool,
Do.Barnsl.st£s 2s 10doe
Do. 6 p. c. (East Lan.)
Do. 4 p. c. (Blackb. pur.
Londeßrig.sp.‘3.au. No.l
Do. 5 per cent. do. No 2
Do. 6 per cent. d 0... ..
Do. 5 per cent. do. No. 4
Do. 7 per cent pref. stk
Do. 6 p.c. do(W.E.&C.P.I
Do. 4p c.st.(div.def.lil'6s
Lon. Chat. BrDnv. sp.c.pf.
Lon. & N. W., Coy. (tf
Nuneaton, 5 per cent.
Lon. & S.West. 7p. cent.
et., late 3d shares ....
t.ondony. & Ennis. shs
Man. Sh. & Lin. fl per ct.
Do. £6

The Foreign and Colonial lines have remained
moderately active, without material change in
values. South Austrian and Lombardo-Venetian
are steady, at 21a; Dutch Rhenish, at 17/ 3 ; Great
Luxembourg, at 151 -73; and Sambre and Meuse
have improved to 121 . Great Western of Canada
have receded to 127- ; East Indian realise 1041 ;
Great Indian Peninsula, 102/ ; and Madras 5 per
rents., MI.

98 100
id par

38 140

102 101
115 117
115 117
13A 142
115 117
152 156
129 133
77 79
91 95

Joint Stock Bank Shares were dull. Oriental
Bank receded to 491 ; Alliance Bank brought 251
; Union of London, 34 ; London and vest
ininster, 80; City Bank, 96k-; and Alliance of Lon.
don and Liverpool, 41.

14 141
24 126
I iimn
68 70

In the 'Miscellaneous Market prices have shown
zo variation of importance.

I Do. 31 per cent 1
Do. redeem. 6 percent...
Maryport & Carl. 4 pr. c.
Do. 41 per cent ........
Midland Con. 6 p. c. stk.
Do.Con.Bris.& Bir. 6 p.c
Do. 41 p.c. pref. st. rdem 1
Do. 4/ p.c. irredeemable'
Do. 41 per cent . .;
Do.Leic. andHit.4per ct
Norflk. sp. c. Ex. st. 1846 '
Do. 51 p. c. Pref. st. 1847
D 0.5 Way.ValEx.st.lB47 '
Nort British. 5 per cent.
Do. New Erna. 5 per cent
Do. Bor. Un. z. prf. shs.
Nth.Dvn.Rail.&Dck.Co.
N-East. Cons. pref. 4 p.c.
Dn. 41pr. et' redeemable
Do. G. N. E. 4 p. ct. prel
Do. Berwick 4 p. c. pref.
Do. Leeds 6 p. c. No. 1
Do. do. Quarters, 1848
Do. York, El. & S. Purch
North Staffordshire
Scottish North-Eastern;
(South
South3D o p.
Devon,
aeePr t
erdoeenrfe,:A:unecnaakd.
s.
ge. I
Do.no. 7 p.
Fixedc. pref. epf e stockr,
cent .
Ann., 1.0.6)
Do. 44 per cent
Do, Fixed 41 per cent
South Wales, gua.4
Do. 41 per cent . p. *
Do. do. 1859
Do. 5 per cent .. • •
S. Yorkshire, 4p. .
Do. sp. gua
Stock. & Dar. A 5 p. c
Dd. B 6 p. 0.
Do. C 6 p. c
atrf d & Kilkny, p. e.
Mid.-Oxf Ist zua stk,
Do. 2d do
IDo.Newport 5 p.c. of .red
Do. Perpet.6 p. c. pf. 1866
Do. till 1869

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
Now 3 per Cent. Annuities 9la
Annuities, 30 yrs, expire rich Jan., 1880 —
Ditto for 30 yrs, expire sth Aprl, 1885 l5/
n(lia Stock
228
Ditto 5 per Cent.
lu9l
Ditto Enfaced Paper, 4 per Cent
flitto 5 per Cent ............. 1n34
Ditto 51 per Cent •• ..... . ..... 1091
G onsols for Account, June 10 ......... ... 921
B achequer Bills £l,OOO, 3 per Cent .... 15 18
Ditto £5OO .. 15 18
Litt° Small
FOREIGN FUNDS—ONE O'CLOCK,
Egyptian, 7 per Cent
5.1‘ xican, 3 per Cent .................
:;)itto Account .....................
Moorish Imperial 5 per Cent
I 'er avian 4/ per Cent ............. , ..
98
Ditto Account
Portuguese 3 per Cent., 1853 4b; 7_5
Ditto Account ..
`lngsian ri per Cent 1822 St —
Ditto Account
~rciinian 5 per Cent.
'Spanish Cert. of Coup. not funded
urkish 6 per Cent. 1854
Ditto 6 per Cent .1858
Ditto Aveount.
Ditto 1862 (Scrip) 2l
Ditto, Paid up Scrip 7Ol
Italian 5 per Cent., 1861, ex 2sf,
Consols, Money TWO O'CI.,0(1: •
93k
Ditto Account

The French Government has:consented to prolong
the day fixed for the ratification of the treaty of commerce
ccn-.'uded with Prussia and the Zollverein. The opposition
of th e secondary States to the treaty is becoming more
moder,ite, and the manufacturers in the South, in whom
the ~pp onents of the treaty expected to find their firmest
support, are detaching themselves from the league. The
Wuytemi,urg Moniteur offinially contradicts a statement to
the eff,ect that the Government had resolved not to separate
its commercial policy from that of Austria.
The agdeburg Zeitung reports a fatal duel at
Stendal between a lieutenant of the Landwehr and a young
doctor of medicine. The former, Koch by name, had the
first shot, and Lit his adversary in the side. Death ensued
in 24 h urs.

A man, named Webster, has been hung at Rich-
mond, having been found guilty of being a Federal spy.
The rope by which he was suspended slipped, and he fell to
the ground, but was lifted, and hung
up again,

JOINT-STOCK BANKS.
190 AgTattUnitedService B 6O 88 90
40 Australasia all 64 46
25 Bank of Egypt all 22} 23}
100 IBaak of London
50 Illritish North American a,l 54 56
20 ,Chtd.Bank of India, ,tc. all 15 20}
25 Cli.bler. of In. Lon.dc Ch. all 84 85
100 (City ... 50 95 97 0611
100 Colonial 25 39 40
)0.11 Corn. Bank of Canada.. all
20 I Eng.. Scot., t Aus. Ch.. all Ha 19
20 ,Gen. Bk .of Switzerland all
20 , Char.Bkof Austral all 251 MI
20 I Do. new all 25} 16
50 London and County
50 I London Joint Stock
20 !London and S.African I 10 id }pm
100 'London & Westminster 20 79b 804 80
100 3letrop.&Provinl.Bnk.l 10 id ip
100 Nat. P'rov. of England I 12
20 Do. new •• 12
25
50 National Bank .......
26 Nev‘ South Wales all 39 11
25 Orient. B. Corporation
20 Ofto,nan Bank .
100 Provincial of Ireland
10 Do. new
25 South Australia
25 Union of Australia
50 Unto,. of London
100 Unity Mutual 6O 1

MISCELLANEOUS.
10 I Anglo-Mexican Mint .. all 18 19 184
10 Atlantic 11. MI. Stm (1d)1 all 2 3
000 lAtlantic Tel. (Limited) all
25 !Australian Agricultural 19 25 27
10 (Bahia Steam (Limited). 1
10 Berlin Water (Limited) all 41 51
50 I British American Land 40
50 i R.&l.Mag. Tel. A. (Lim.) all 25 30
20 Do. 8,7n.c.ti111852 (Lim.) all 18 20
20 Do. C. ..... all 9 11
321 Canada Land all 110 114
10 'China & Japan Coast &
River Steam Naviga. 21
st. Cop.Min.ofEng.&Smltg. all
25 Do. Pref. 71 per cent all 12 16
at. !Crystal Palace
at. Do. Preference
st Do. 6 p ct. Perpet. Deb lOO 105 109
10 E.lndia & Lon. Ship A 7l -
Do. B 7l 11 01
20 E.lndialrrign. & Canal 1 par /pm
st. Electric Telegraph 100 99 101
25 Do. New l5
5 English & Ans. Copper, all 2 21
15 Gen. Steam Navigati m 14 25 27
1 Great Ship I ,invited) all 4 0
1 Do 171 pct Preference all
2 Indian Carrying (Lim.) 1
5 Lon. District Tel. (Lim.) 41 34 31 (1
4 L.G. Omnibus Co. (Lim.) all 11 1; if ;
20 Madras Irr. and Canal 1 2 3
10 Med. Exten. Tel. (Lim , all 30 41
2510 NationalD o. 8 p epr ce
.e
cn to.. pt n ) all
51 p
20 Nerbu.Coal&lron (Lim ) 5 Id lip
10 Netherlands Land all
5 Do.B p.c.Pref..iss.atl dis all / 14
100 N.Br.&NovaScotiaLand 81 13 16
1 N.B. Australasian (Lim.) all ; 1
1 Oriental Gas (Limited). all 11 11
1850t100. rt.):cop..:N,..,AleNyuie:Stihares (Lim.). all 11 11
10 Orintl. In. Steam (Lim.) all 51 64
of. Peelß.Lnd.&Min.(Lim)l 100 56 58 56
I
55.02 PR ehny
m&anAiraeOnuyn Oriental ens:inotAieletnnilaag
.a.l Steam all 68 70 694
30 10 12 41
20 Red Sea&ln.TeLg.4lp.c all 181 191 19
all 17 19
251° RiDoojaNneewiro City Impts allall 2644 254
Do. do. Registered vineLeLryl 1.1.(1am.n. ))
gr,iciDna:pm.
chTot.eooLifuncdg.dora:F:rnal: ; 1d
:2010011 14:3925:1453:01 pr 138
25 gTourtutmstit
(iiiwiAtt7
102 :Ter;
Austrlasia allsll
idl4 614
:
1 1/
100 Van Dieuien'a Load
284 9 81

10. 6

NATIONAL REFORM CONFE.RRNCE.

(THIS DAY.,

The meeting of the delegates frou various parts of the
country took place at the Whittingbn Club, for the pur•
pose of considering the basis of a nev measure of reform.
Among those present were M. Bazley, M.P., Mr.
Baines, M.P., Mr. Kershaw, M.P, Mr. R. Mills, M.P.,
Mr. P. Lawson, M.P., Mr. Crossley, M.P., Mr. Taylor,
M.P., Mr, Stansfeld, M.P., Mr. W. E. Foster, M.P , Mr.
Padmore, M.P., Mr. H. Pease, M.?., Mr. Cox, M.P., and
about 100 delegates.

Letters of apology, some of then containing subscrip •
tions, were received from Lord Lrndesborough, Mr. R.
Cobden, M.P., Sir C. Douglas, Robertson Glad-
stone, Esq., Mr. Thos. Baines, M.?., Mr. John M'Adam,
of Glasgow, Mr. A. Coosham, Mr. E. Miall, Mr. Potter,
My., and Mr. P. Ryland.

Mr. GEORGE WILSON, of Manetester, was called to the
chair. In opening the proceedings he commented at some
length upon the various measures of reform that had been

introduced into Parliament by tie various Governments
during the last few years, and contmded that her MAjest3
having expressed a wish that a measure of reform should
be introduced, it was the duty of the House of Commons to
negotiate a measure which should meet with the just expeo •
tations of the people.
Mr. COOPER followed the chairman. He spoke of the
. .

insincerity of the present Parliament. He thought there
was not a delegate present but would agree with him
that the present administration was composed of overt
Tories, stagnant Whigs, and torpid Liberals, headed by a
leader who did the work of the Opposition. He thought
the delegates ought to adopt, as the basis for a new Reform
Bill, an extension of the suffrage to all males in boroughs,
rated or liable to be rated for the relief of the poor, to all
males in counties who occupied land to the extent of £lO
a-year, a redistribution of seats, the ballot—(hear, hear)—
and shorter Parliaments. (Hear, hear.)
Mr. JEFFERY, of Liverpool, said he was of opinion that
the members of the present House of Commons were not
honest in their endeavours to remedy and improve the syq-
ten as it existed at present, because the possession of a seat
in the house, under present circumstances, was not a ques-
tion of talent or honesty on the part of the candidate who
sought for the honour, but entirely and simply one of the
breeches pocket. He thought that a reduction of the pub-

lie expenditure was imperatively necessary, and that tho
present time was most opportune for an agitation for such a
question ; that a wise and comprehensive measure was

exercised the franchise was only about lin 7. He objected
to so small a number exercising so important a privilege to
the exclusion and prejudice of the unrepresented. (Hear,
hear.) _ _

SARELL, of the London Political Union, objected
altogether to a property qualification for tho counties, which
had been suggested. He was of opinion that registered
manhood suffrage was what was urgently required to place
the working man in his proper po,ition ; and as to the bal
lot, he thought it was of no use at all to the poor man.

The CHAIRMAN said there was at present no arranged
plan for their proceedings. He therefore called upon all
the delegates present to come forward and give expression
to their opinions in the most unreserved manner, in order
that the greatest amount of information on the subject
which they had met to consider might be elicited.
Mr, FRASER, of Edinburgh, said what he thought was
required was a huge and comprehensive plan of reform,
which should be acceptable to the working man and worthy
of the support of the middle class. He was in favour of
the basis that had been thrown out by Mr. Cooper, although
he was prepared to go a step further.
Mr. BAINES, M.P., said the object of the conference had
his earnest sympathy. That object was to obtain such a
large extension of the suffrage as would give the working
class the privilege of giving a vote for those who made their
laws. He thought that if they were to attempt to define
any particular measure, they could not remain a united
body. He thought the wisest course for them to adopt was
to leave every portion of the country to petition for that
plan of reform which they approved, and he would there-
fore advise those present to seek for organised action be-
tween the middle and the working classes, so that they
might be in a position, at the commencement of the next
session, to submit a more condensed and comprehensive
reform bill to Parliament.

Mr. WAsaINGTON WILES thought that if the present
vote for every man ; and
t amsatnohroeosud su e_
ltinffraagsuccaess,hey must inscribe on
movementt
hei r banner
every man who had not a vote would re-echo the cry, and
resistance to such a demand would be futile and useless.
Mr. TAYLOR, M. P., said he was an advocate for univer-
sal suffrage; but he thought that at present they ought to
be content with as much as they could get. What was
wanted in the first instance was to get the thin end of the
wedge in the House of Commons, and if they could get 30
or 40 more sincere advccates in the House of Commons
there would be some chance of success. Out of doors he
counselled them to raise the standard of absolute right and
universal suffrage, and then leave to others to say how
much of the demand they would concede.
Mr. LUCRAFT was in favour of manhood suffrage, being
the rallying cry for a new Reform Bill. _ _

Mr. il‘fEE,of Liverpool, thought they ought to enlarge
even manhood suffrage. In addition to that vote, he con-
sidered that a second vote ought to be given for proper*
situate within the borough or county in which it is situate,
and a third vote he thought ought to be conferred for con-
tributions to the State in shape of taxes.

After a few words from. Mr. WHITHURST, of the Ballot
Society.

A discussion took place upon the appointment of a busi-
ness committee, to draw up resolutions for the acceptance
of the delegates, but before the proposition was disposed of
the mid-day adjournment took place.

IS NOT A GENERAL DISARMAMENT
COXING INTO VIEW.

(From the Money _Market Review.)

Coming events are said to cast their shadows be-
fore them. Are we mistaken, then,when we imagine
we discern a shadow of repentance coming over
Europe at its enormous expenditure for the last ten
years, or has the truth dawned at length on nations
(those of Europe, at least) that the days of borrow-
ing for the support of unproductive labour are draw-
ing to a close ? .

It is said that Napoleon 111. is at length con-
vinced
that he has stretched the financial tether so
very nearly to its utmost tension, that a very little
more might snap it, to the great peril of his grand I,
desire, the establishment of a dynasty. No nation
can long support such an expenditure as that now
endured by France, which is at this moment spend-
ing upwards of £85,000,000 sterling per annum.
Her sagacious ruler knows this cannot go on, and
this is, probably one reason why he is determined
to put an end to the occupation of Rome, and to re-
call an army which presses on the finances of France,
and whose presence in Rome is a source of dis-
quietude to Europe. It is affirmed that an alliance,
offensive and defensive, will take place between
France and Italy, and that Rome will be occupied
by the troops of the King of Italy. It may be said,
may not this arrangement conduce to an attacic on
the part of the Italians on Venice ? It is said, on
the contrary, that the Government of Italy has
pledged itself not to assume the offensive, and that
Austria has also intimated to the Governments of
Europe that she will remain on the defensive, and
almost possession
as of
important R om e
a tos
is a
that she has no intention of attacking Italy. The
King
possession
of pa
ftaly is
rs reallytoi
the
a King of France, but the possession of Venice
would be hardly more important to Italy than is
that of Nice and Savoy to France. To hold Rome
is a political necessity ; to hold Venice is not.
Doubtless in the course of time Austria may be in-
duced to give up Venice, for it costs her more than
it is worth ; but at present Germany thinks its pos-
session by Austria neees'p,ary for her defence.
These points being disposed of, the next move-
ment in Europe ought to be a general disarmament.
It is becoming scarcely a matter of choice, but ra-
ther one of necessity. Neither nations nor indivi-
duals can go on for ever under constantly accruing
deficits and loans. There is scarcely a nation in
Europe whose expenditure does not greatly exceed
its income, and the cause is notoriously excessive
armaments, caused mainly by France. Let France
really disarm, and all Europe—England included—
will follow her example. No one knows this better
than the Emperor Napoleon, mid happily for the
object in view, there .
are few nations in Europe
whose financial position becoming worse than that
of France. A little while, and nothing but a re-
duction of expenditure will save her from a finan-
cial convulsion. An annual deficit of £15,000,000
cannot possibly be a permanent arrangement, and
this has been the average annual deficit of France
for the last ten years. The evil cannot be met by
increased taxation. No French Government, how-
ever powerful, would venture to lay on taxes to the
extent of £15,000,000 sterling a year. We are,
therefore, irresistibly led to the conclusion that, ere
long, France will reduce her expenditure, and allow
other nations to do the same.
The withdrawal of the French from Rome will be
of itself a great saving to France, and likewise to
Italy. Who can doubt but that the military pos-
session of Rome by the French is a source of
anxiety to Austria, who would reduce her army in
Italy to-morrow were it not from the fear of a joint
attack by Italy and France on Venice. The French
once removed from Rome the anxiety of Austria
would cease, for she well knows that Italy alone is
no match for her, and she would not fail to mark
her sense of security by a reduction of her mili-
tary establishments.
Are we not, then, justified in believing that so
far as Europe is concerned there is a probability of
an early disarmament,
and, as a consequence, a
gradual improvement in its finaneea ?