The Sun.
London, England, 1849-01-30 00:00:00

TRE SUN, LONDON, TUESDAY EVENING, JAN UARY 30, 1840.

the advancement of the cause with which their more
sanguine contemporaries are identified.
Triennial Parliaments imply a modification of the 1
existing system of the Legislature, such as is appre-
ciable by the most mediocre understanding. The
change is of a character as manifest as the
light at noonday. There is no mysticism► about
the undertaking, no obscurity, no word-catching,
no political jugglery—as in the theoretical schemes
and glittering illusions of N. CARET or of AI.
PROUDIIOII. In struggling to attain the self-evident
advantages which must accrue from the possession of
Triennial Parliaments, we are not wandering after
the mirage of some deceptive hypothesis, or
aspiring to reach the visionary gardens of some
Transatlantic Icarie. We are marching under a
banner which has led two preceding generations, and
are employing a watchword which has been articulated
by many illustrious reformers. Against the acquisiti
of the Ballot there are undoubtedly a thousand specious
and ingenious arguments, though those arguments are
in reality as shallow as the arguments used by the
disciples of ARISTOTLE, first against the Copernican
theory of the heavens, and afterwards against the
Baconian system of philosophy. Against the grant-
ing of Triennial parliaments there are not two objec-
tions that can be raised, sufficiently valid, to remain
two minutes undestroyed. The whole question is
reduced to one affecting merely the interval of dura-
tion—not the mode of constructing the Legislature,
not the manner of working the Legislature—but,
simply, the period of its duration. The matter does
not possess the dubious merit of the agitation
in favour of adopting La Cloture as a curb
upon Parliamentary discussion. It is nothing more
than a question of convenience and propriety in re-
gard to the time which shall be declared as consti-
tuting the legitimate existence of Parliament. Sep-
tennial Parliaments, as at present, are considered as
affording too protracted an authority to protect the
State from the dangers incident to a marked discre-
pancy between the views of the people and the views
of the popular representatives. Annual Parliaments
are, on the other hand, except by a few eccentric dis•
sentient', the ultra Quixotes of innovation, regarded
as a perilous remedy for a perilous evil.
Whereas Septennial Parliaments have been found
too long to insure a continued unison of sentiment
between the population and the National Council—
annual Parliaments are dreaded as too short for any
practical purposes. Nor is the brevity of the duration
of Parliaments elected annually the only bane certain
to result from such an arrangement; the continual
effervescence of excitement arising from this per-
petual appeal to the hustings and the polling-booths
could not fail to affect prejudicially the entire body of
the community. Between these two difficulties, there-
fore—between septennial Parliaments on the one hand,
and annual Parliaments on the other—the juste milieu
advocated by the Noble Lord the Member for the
metropolitan borough of Marylebone appears to afford
the best security to the multitude. It is the course
dictated by the principles of enlightened moderation,
and is for that reason entitled to the fullest confidence.
It is sufficiently conservative to render it constitu-
tional, and sufficiently bold to satisfy democracy. It
seems to afford the only rational solution to one of
the most problematic difficulties of the representative
system of government. For these reasons it
is deserving of support, of a cordial and
enthusiastic support, whether it be a single
point in a rejected Charter, a subordinate
portion of a project such as that adventured
upon by Mr. Hums, or the isolated reform em-
bodied in a notice of motion such as that an-
nounced o►i the 28th of August, by Lord DUDLEY
COUTTS STUART.

Regarding the reform expressed in the words—
Triennial Parliaments, as one most essential to the
proper working of the Constitution, we look forward
with peculiar interest to the fulfilment of the promise
made last session by the Noble Lord whose name is
identified with Liberality in England, and with
Philanthropy in Poland.

The new regulations respecting the management
ofthe Dock-yards, to which we alluded yesterday
may be regarded as the forerunners of a series of eco-
nomical reforms in the Naval, Military, and Ord-
nance Departments. Retrenchment will be the order
of the day, and although it may not be practicable to
sffect reductions to the extent of 10,000,0001. ster-

as demanded by Mr. COBDEN, there is every
reason to hope that the expenditure may be confined
within the limits indicated by Mr. MACGREQOB.
We must, however, emphatically warn the Go-
vernment against falling into the ordinary
mistake of confining their entire attention to the
lower branches of the tree and suffering the more
exalted to flourish in unrestrained luxuriance. There
is not the slightest necessity for any material reduc-
tion in the effective strength of the establishments.
We do not desire that able seamen should be dis-
charged from our service to seek employment under
the flag of our maritime rivals. We do not wish to
disband the private soldiers that have eealously and
efficiently performed their duties in every clime—
who have earned for themselves the national gratitude,
and at all times maintained their country's honour
beyond the reach of scandal or reproach. We do,
however,
,conceive that many admirals and generals,
post-captains and field officers, might well be
spared, and if their feelings were as little thought of
as those of the humble shipwrights, seamen, or sol-
diers, there is little question but that we could indeed
bring the expenditure within the lowest estimates
that have hitherto been framed by the most en-

thusiastic financial reformer.
We have, unquestionably, a great excess of officers
of the higher ranks. If ten times the present number
of mea were required to be called into active ser-
vice, we have generals and colonels sufficient
to command them all, and admirals and
post- captains more than enough to take charge of
the navies of all the nations in the world. And the
system still prevails ; the numbers are maintained at
the highest rate, every vacancy that occurs is most
religiously filled up. From the moment that any
person is fortunate enough to obtain a footing among
the privileged ranks his promotion proceeds with
the utmost certainty and regularity, he becomes
an object of the deepest sympathy to the Legislature;
his interests must be attended to--his claims cannot
be forgotten or lost sight of; abuses are to be
perpetuated, in order that he may reap the benefit ;
the pay and emoluments that are not sli•
rectly sufficient to reward his merits are to be eked
out by sinecures and perquisites, which, although
highly objectionable in themselves, are at length re-
garded as vested rights and matters of every-day
occurrence. Hence the naval and military sinecures,
the colonels in command, who, residing at Bath or
Cheltenham, never behold their regiments, and whole
only concern in relation thereto is to have an ade-
quate participation in the clothiers' profits.
The . admirable letter from the respected
President of the Liverpool Financial Re-
form Association, which will be found in
another part of our impression, exhibits this flagrant
abuse in so powerful a light that we are wholly re-
lieved from the necessity of further comment.

We have in the navy, as we stated
yesterday no
less than 150 flag-officers, of whom 30 are admirals'
or 10 of each squadron, 45 vice-admirals, or 15 of
each squadron, and 75 rear-admirals, or 25 of each
squadron. This is in addition to 45 retired rear-
admirals, whose number is to be reduced to 25.
Thus we find no less than 195 admirals, of whom 13
are in commission, and 182 unemployed at thismoe-
ment. Surely, one•third, or .even one-sixth
of th
suefficyteetnetrafnors esvheoryulpdubrepodsee:
nwru ire
db eo rn, ;07 oduelsdi rbe mtpltyh s
e
prived of their rank or of the pay which they now
receive. We would treat them with greater conside-
ration than is exhibited towards the humble ship-
wrights or ordinary seamen. But they are all well-
stricken in years; their numbers must be con-
siderably reduced within a brief period. If only one
appointment were made for every third vacancy that
occurred until the number of admirals were better
suited to the exigencies of the service, this grievance
would speedily be removed, and a very considerable
But the Secretary of the
saving effected.
Navy tells U 3 that captains cannot be
cheated of their flags, and of course every
other consideration must be set aside. What, are the
public interests, and the complaints and murmurs of
those who exhibit " an ignorant impatience of taxa-
tion," to be weighed in the balance against the de-
sires of gentlemen possessed of such powerful Partia-

mentary influence ? Of course " the many" must
yield, that the few may be conciliated.
Again, we find that 533 gentlemen hold the rank
of post-captains (who are eventually to be reduced
to 500); this is in addition to 95 retired captains,
who are in receipt of 11. per diem, and of 37
in receipt of 18s. per diem, making in all
664—while there are 50 captains in addition
appointed under her MAJESTY'S order in council of the
10th of August, 1840. We have thus a grand total
of 714 captains—the number of which is to be perma-
nently fixed at 650. Surely this is almost as dis-
proportionate to the wants of the natio❑ as the ad-
mirals themselves, and the number might gradually
be reduced in the manner we have suggested with
respect to the admirals, making but one new ap-
pointment for every third vacancy.
From the period that parties are placed among the
captains their promotion goes on according to
seniority. There is no departure from the usual routine
however valuable may be the services, or brilliant the
exploits of the officer. All the influence is ex-
erted to bring the aspirants within that magic
circle, to place their feet upon that important step in
the ladder of promotion. Many complaints are made
by deserving officers, who feel that they have been
unjustly passed over, and that their past services
have been forgotten and disregarded. But, unfortu-
❑ately, their complaints cannot reach the inner
shrine—they cannot be permitted to show cause
against being deprived of their chances of promotion.
We find in the long list of 864 comtnanders—

(might not this number likewise be reduced 2)—on•
gentleman, who obtained his commission more than
50 years ago, and many who have held the rank
more than 30 or 40 years ; while of the 2,310 lieu-
tenants, a large proportion, 1,038, are of more than
30 years standing, and yet one of the latest promo-
tions to the rank of post-captain was a gentleman
who was a commander of 1846, a lieutenant of 1844,
and who was born long after many of those veterans
had attained their present rank. We do not intend
to cast any imputation upon Captain WILLIAM
PEBL ; RE believe him to be a very
meritorious and deserving young officer ; but ,
there are others of equal deserts, whose claims
have been disregarded, and it is impossible not to per-
ceive that, were it not for his close relationship to a
late Prime Minister, he would have had little prospect
of being posted at so early a period.
It is this system, then, that must be changed. Re-
strict the number of officers to the requirements of the
service; prevent the aristocracy from providing for
their friends and relatives at the public expense, and
you may keep up the number of men that will be
sufficient to maintain the national honour without any
complaint being preferred of undue extravagance or
unnecessary outlay.

Ditto of the Bank payable by brayches.. 2,349,434 00
Dividends payable ••• • . ... 846,211 25
Liquidation of the Algiers Bank ... 266,694 04
Discounts, interest, and expenses • 574,922 31
Ditto branch banks ..• ... ... 496,218 00
Re-discounts of the last six months ... 246,109 85
Ditto in branch banks .. ... ... 460,643 00
Miscellaneous ... ••• ... 155,242 21

f. 689 378,734 58

The metallic reserve bas again advanced, the in-
crease being about 2 millions ; the Paris Bank shar-
ing a diminution of 1 million, and those of the de-
partments an augmentation of 3 millions. The
discount accommodation afforded in Paris is about
850,000 f. greater than the week before, whilst in the
branch banks there is a falling off of nearly 3 millions.
The bills protested at Paris show a diminution of
about 200,000 f., and the overdue bills one of 160,000 f.
On the asset-side is set down a sum of 1 million, as
a first instalment of 3 millions lent to the department
of the Seine, in accordance with the Bill which passed
the National Assembly. On the side of the liabilities,
the notes in circulation have declined about 24
millions, 1 million in the Paris establishment, and I f
in the branch banks. The account current of the
Treasury has increased about 5 millions, the amount
now being 31,7E8,666f. The whole amount of the
metallic reserve at present is 277 millions, to 4324
millions of motes in circulation.

ATONE. Y and CO ,vll./ ERC IAL N WS

CI I'Y, t/iill TER TO THREE.
The Cotton Market at Liverpool closed firmly yester-
day, and, compared with Friday's rates, prices or all
kinds were extreme; and in most cases i. per lb. ad-
vance was demanded, and in some instances obtained.
The demand had been more on 40. and 4id. American
Pernams, and good Surats are attracting notice. The
sales were estimated at 12,000 bales, and comprised
about 9,000 American at 3.0. to 50., 1,000 Pernams
and Maranham at 41.1. to 5d., 500 Bahia at 5d., 300
Egyptian at 50. to 6itl., 1.000 Surats at 3d. to 311, and
60 Sea Island at 7d. to 10d. In Railway Shares there
had been a considerable decline in prices, with but a

limited business doing.
There are no ship arrivals with later news of interest
from the colonies or foreign parts, and the Continents'
advices are of a political character, which, from its im-
portance, engrosses almost exclusive attention. Unfor-
tunately our money and commercial markets are affected
in some degree by the state of uncertainty in which the
Paris crisis keeps us, but we cannot suppose that with
the influx of specie the confidence felt in our
own institutions, ;and the prospect of the excitement
subsiding at Paris, that the check to business will be
more than temporary.
It is understood that the Chancellor of the Exche-
quer has made all his arrangements with the Bank re-
specting the last loan, and that if the stock be not all
sold, part is held as an ii.vestmeut by the Corporation.
Following up some explanations concerning the nature
of the funds, Ise., as given in Mr. Brenan's publication,
we may give the following:—
" Exchequer Bills are generally confined to the wealthier
classes, and seldom get into ordinary hands. They are
always a desirable security, where money may be
wanted in a few hours ; and the Minister can easily
issue them at a low interest, especially in time of peace.
But, in war, it has sometimes happened that their
amount has been so great, that, despairing of being
able to call them all in, he has resorted to the expe-
dient of funding a part. That means converting a por-
tion into its equivalent in the ordinary Go-
vernment stock, and thus adding so much to the na-
tional or funded debt. But this funding of
Exchequer-bills,: which) operates in effect the
same as a loan, and which cannot be done without offer-
ing a great advantage to the respective holders, is
always regarded as an unfavourable sign, and the usual
result is a fall, and lessening of confidence in all the
Government Funds. The amount of those Bills com-
monly afloat, now, is from 26 to 28 millions. Formerly
it was much greater, for it was 67 millions at the battle
of Waterloo.
" In the precenlng chapter India Bonds were cursorily
mentioned as being very similar to Exchequer bills ;
but as those last have been now explained, it is sufficient
to say that both are quoted in the lists after the same
manner. It may however be right to again notice that
East India funds have not Government security.
" Mr. Pitt, in 1785, funded ten millions of Navy
Bonds and Ordnance Debentures, which were in the
nature of Exchequer-bills, by converting them into a
Five per Cent. Fund, and thus adding so much to the
regular National Debt. At different subsequent periods
he also funded large portions of Exchequer-bills, but
financial matters are now regulated quite differently
from what they were in his time or that of Fox,
Percival, Castlereagh, or Canning. No Minister can
new issue Exchequer-bills without an express Act of
Parliament; and he is bound first to call in those that
are outstanding. But, besides supplying immediate de-
mands on the Treasury, they are of important service to
the great moneyed interests, and materially help to
sustain the credit of provincial banks, and other estab-
lishments connected with commercial accommodation
and security."
The high value of Exchequer-bills at the present
time, 445. to 51s. premium, is the best testimony to
the abundance of money and the strength of confidence.
The Stock Market has been rather unsteady this
morning. Consols have varied from 901 to 911. New
Three-and-a Quarter per Cents. 911 to 921. and Re-
duced Three per Cents. 901 to 911. The Bull
party seem to be -very confident, but there are more
Bears than there were some days bask. The purchases
for investment will probably be in part suspended until
there is more decided news from France. At the hour
of our writing the market is looking better.
In Foreign Stocks the transactions are ♦ery limited.
Mexican are rather better being 25 to 251. Spanish
Five per Cents. have been done at 14i, and the Three
per Cents. at 27. Dutch Two-and-a-Half per Cents.
are 49.
Railway Shares have been rather flat again, but not
materially lower in most instances than at the worst
point yesterday. North British have fluctuated most,
and in North Stafford and the York lines there have
been a good many bargains. The French lines are very
'airly supported.

ONE CLOSING
P o, e ti OF .iItITISII FUNDS O'CLOCK. PRICES.
Bank Stock
i.er Cent. Reduced Arms 9oi 91 9114
a per Cent. Consols Annuities 904 X 9114
New 314 per Cent. Anns. . .. 9I%X 92
Long Anne. to expire J an. 1860
Ditto, Oct. 10, 1859 .....
India Bonds, 1,0001.
South Sea Stock
Consols for Account 90%5,41 51'/a
Exchequer Bills. 243. & 2d.
1,0001. March
1,0001. June
15001. March
500/. June
Small, March .• ---
Small. Juno

44 p
51 p
44 p
49 p

44 i)
M p
CLOSING
rRICES.
26
25
251,4
471,4
73
271,4
105

PRICES OF FOREIGN FUNDS. UNE
O'CLOCK.

Buenos Ayres Bonds, 6 Der Cent
Mexican, 5 per Cent. 1846 25% 25 •
Ditto, Account ............
Peruvian Bonds, 6 per Cents
Portuguese 5 per Cents.
Ditto, 4 per Cent
Russian Bonds
Spanish 5 per Cent. 1840.
Ditto. Account 14%
Ditto, Passive
Ditto, 3 per Cent .....
Dividends on the above payable in London.

Dutch 21A per Cent., 12 Guild.... 49
Ditto. 4 Der Cent. Certificates 78 71%

14%
3%
27%

78%

PRICES OF PAID. N BUSINESS DOE CLOSING
.4 AMWAY SHARES. AT ONE O'CLOCK. PRICES.
berdeen 5O ...... 204........... ••• 2014
amber. Nott., Boston,
and Eastern Junction 41A
kyrshire and Galloway.. 71% —
'telfast & County Down 201%.....
Barks h Hants Extens.
(Gt. West. Per.s para..) 5
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20
Do, withoutguarantee 20
Birming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 .....
Do. withoutguarantee 10
Wolverh'pton,
and Stour Valley 131. 145...
Birkenhead, Lancashire,
and Cheshire Juno__ 10
Boston, Stamfd & Birm. 5 ...
Bristol and Exeter 9O ... ..
Ditto, Thirds
buckinghamshire... 161. 4s.
Caledonian
Ditto, Quarter Shares 1114 — .........
Do. New 10/. Pref 7%... ..
Ditto,ClydesdaleJunc 50
Chester and Holyhead-. 50
Ditto,,Preference l5 ......
tlarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Direct London & Ports-
mouth
Dublin and Belfast Junc. 35
Dundalk & Enniskillen 22%
t:ast Anglia, 251., L. &
E. and L. and D...... 25 ...... •
Do., 181., E. & H..- 18
Do., 31. 105
Eastern Counties 2O 111/2
Do. New Guaranteed
6 per Cent.
Ditto, Extension, 5 per
Cent., No. 1 61.135. 4d.... p
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters .. l2l/2
Do. New
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 3% —
Ditto, Class B (L &
and B.) 22% — ...............
Ditto, Class C, ditto... 20 . ••••
Do. Scrip (6 per cent.) 20
Ditto (C. & E.) guar.
5 per ......
East Lancashire

Ditto, New
Ditto, New Quarters 614 ...... •• ....••..•...

. _
Do., 6 per Cent. Pre- -
ference Quarters ... 614 —
East Lincolnshire ...... 25
Edinburgh and Glasgow 50 ......
Ditto, Half Shares ... 20 .. .. ...
Edinburgh andNorthem 25 —
Ditto, Newport
xeter,Yeovd. & Dorch 25,8
Exeter and Exmouth... 21s.
ulii.gow, Dumfries, and
Carlisle ..... ..... ..81.65. Ed.... ...
Glasgow,Kilmar., & Ayr 50 —
Do. Preference Consol.
Great Northern
Do., 1/2 A Deferred ... 12%......
Do., % B 6 per Cent.
guaranteed ... ..... 6%...... 4%
Do. Extension 2% — •••
real zoutti. and West.
(Ireland) - 000000000 .• •••
• ;rest North of England.loo -
Ditto, New, 401 ... 40
Ditto, ditto 25
Ditto, New, 301........ 30
Ditto. New, 151... ...... 14 .. — •.»••••••....
Great Western 100 ...... In
Ditto, % Shares 5O ......
Ditto, 14 Shares
Ditto, Fifths ... 20
Ditto, New 171..... .. 15 ... .. 13 t 414
Huddersfield and Manch. 30
Ditto, Thirds
I lull and Selby .. ...... 50 ......103
Ditto, Half Shares ... 25 ......
Ditto, 14 Shares
i.ancaster and Carlisle... 50
Ditto, Thirds
LaNcaehire & Yorkshire 93
Ditto, ditto
Ditto, 1,4 Shares
......
..... .
Do. Quarter Shares 17% l3 ...
Do. Fifths.... ....... .... 10
Do. Sixteenths 6!4, 514 .
Do. Thirds (Reg.)

8%
241,4
1414

2%
11%

11%

IA P

191/4

26%

94
4%
4%

931,4

19%
1334

13
71
51
6

• ~v, Gua. 6 Der ct.
ro. L -erp. and Bury 43
Litto % (late Hu&
de stield and Shell) 43 - •• ......•••••
Do. Wakefield,Ponte-
tract, and Goole) ... 50
Do. (W. Riding Union) 7 ..
Do. (Preston & Wyre) 25 - ..
Do. % Shares (A)... 9% -
Leeds and Bradford
Leads, Dewsbury, &c.... 50 . -
Do., Half Shares -
Do., (blue) Scrip...- 2%..... - -
Leeds and Thirak .......i0 - -
Ditto, New ..... --... 40 -
Do., Prefer., 6 per CL 3% - ...- -
Liverpool, Crosby and
Southport .. 3% - -
' iv erp., Manchster, and
Newcastle Junction... 2%..... - -
London & Blackwall...l3/. 65.8 d.... 5
Do. Extension , ... 22%... - - ....•• -
~ondon„ Brighton, and
South Coast
Do. Guarant. 5 per ct.., 9 ...... -
-
Do. Pref. Con. 5 per et. 50 ...... • 5(
Ditto. ditto 1852 50 - -
Ditto, New 51., guar.
6 per cent. - -
London and Greenwich 12/1554d... - .. -
nitto, Preference .. . 20 ...... - -
London and N. Western 100 133 134 ...... 135
Do Quarters (L.& B.) 22 -
Ditto, New
Dlto, Fifths ..... - .. 2 ....- 9 8%3/4
Do. 40/.Shares(L.M.) 25 -
Do. 10/. (M. & B.) A. 10 - .. -.
Do. 101. (M. & B.) B. 10 - ...... -
Do. 101. (M. & B.) C. 1 ..... 3%... .....
Gond. &:•• W .stern ...... 50 ...... 42% 43%
1.)o. New 50/. ...
Do. New 40t. - -
Do. Tenths (Consol.) 50

~~

Ditto ditto
Ditto. Third 5........... 15

1 114
81/4

Do., New Scrip, 1848,
Pref. 7 per Cent. on
Deposit, and 5 per
Cent. on Calls 5
London, Salisbury, and
Yeovil
I.ondonderry&Coleraine 30
..ondonderry and Ennis-
killen
Mancheater,Buxton,and
Mat10ck....... 4;4
Manchester, Sheffield,
and Linc,olnshire...loo
Do. Quarters (No. 1) 18
Ditto ditto (No. 2)... 25
Ditto ditto ( No. 3) ... 11IA
_ _

Ditto, New 101. Pref... 10
Ditto, Gt.Grimsby -. 40
Ditto ditto . ......... 13 ......
Ditto ditto
Ditto Sheffield and
Lincolnshire
Do., Grimsby Dock 2O -
Do. ganchester and
Lincoln Union..... 41.25. — -
Midland .... ..... ........100 .. ... 94 93
Do. Consolidated Pref.loo
Do., do., 50/. Shares... 25 ... 6* .m.. .... •.. ••• ••• • 20
Do. Birm., and Derbyloo
13,..C0n501. Bristol and
Birming., 6 per ct.... 100 ......125,;414 .......
Ditto, Brist. & Glocstr. 41
Ditto, Leieest.& Swan-
nington, 8 per ct.guar.loo —
Midland Great V 4 estern
Irish 45
Middlesbro' and Redcar,
6 per cent. guar. -
Newcastle and Carlusle.loo ......
Do. quarters 25
Newmarket

11%

Do. Extension ...... 125....
Newport, Abergavenny,

and Hereford 6 ......
Newry and Enniskillen 7
Newry, Warrenpomt,
and Rostrevor .. 20
Norfolk lOO
Do. New 201. . l5
Do. Guaranteed 5 p ct. 20
Do. Guaranteed 54 pc. 5

Do.Lowestott(4!peTct) 20
Ditto (6 per ct.)
Do. do. Wavensy Val. 2 —
Northern Counties Union 4 . .. ...•
orth British ... .... ... 25 ...... 16 IA %1/2 1/2...... 161/2
Ditto, Halves ..
Ditto, Quarters
Ditto, Extension O% — •
Ditto, Thirds .... .. -.. 8,4 •• -•—
North & South-Western 2 —
North Staffordshire
North Wales ... ...... .... 31/2
North-Western .
Oxford, Worcester, and
Wolverhampton ...... 50
Reading, Guildford, and
Reigate l2l/2..... 13IA ..... ....,.... 131/2
Royston and Hitchin
Scottish Central
Scottish Midland 25 -
Ditto, New - ... •••• —
_

Sheffield, Rotherham, & - -
Goole (Nor. Div.) ... 10
Do. do (Sou. Div.) ... 5 ...." —.• ."••••. 0000000
Shrewsbury and Biros... 9
Ditto ditto. Class B. 5

114

Ditto, New Guaranteed 8
Shrewsbury and Herefd. 2 .......
Shrewsbury & Chester
(Nor. W. Min.) lB ...... ..•
Ditto Halves ... ditto 9
Ditto Oswestry ...... 18% —
Ditto New
Do. 8 per Cent. Pref lO
Shropshire Union
South Devon 5O f••••• -
Do. Preference - •.... •••• ••••
South Staffordshire 7% —.............-
South Eastern
Do., No. 1 2B
Do., No. 2.
Do., No. 3 ••••••• ••..•• 30 •••••• --
Do., Registered No. 4 10
Do., Scrip No 4
South Wa1e5.•.............• 33 .••...
South Yorkshire, Don-
caster, and Goole
Swans. & Loughor &Ca-
meron's Stm. C0a1.... 6
Taw Vale Extension ... 8 - ... •..•.....•••
Thames Haven Dock _ _

2%

and Railway .....
Vale of Neath
Waterford and Kilkenny 17%.
Waterford and Limerick 471 —
Watertd,Wxfrd,Wicklw,
sod Dublin
Wear Valley 6 per Cent.
Guaranteed ... ...... 50
Do. do. do. ... 25
Do. do. do. ... 10
..V est Cornwall
West London
Do. Do. Ist Class
Do. Do. 2d Class ... 20
A hitehaven & Furness 14
Windsor, Staines, and
South Western........ 12 ..••• .......
Wilts, Somerset, & Wey-
mouth
York, Newcastle, and
Berwick. .... . 25 .. 294% ...... 29%
Do. Original New and
Berwick ...... 2b
Do. Extension No. 1. •t 0
Do. do. No. 2......... 20
Do. G.N.E.Preference 8 9 8%........... 871.1
rock and North,Midland 50
Ditto, Preference
. East sad NV est Rid-
ing Extension
FOREIGN RAILWAYS.

28%
21

28%

Anglo Italian (late Ita-
lian and Austrian). ... 5
Boulogne and Amien5... 20
Central of France (Or-
leans and Vierzou) ... 1$
Ceylon
Demerara l5 ...... ... ......... ...
Dendre Valley... 4 -
Direct Bombay and
Madras .... sa. • ..•
Dutch Rhenish ......... 71,4.•• .• .. ...... ....
East Indian 31,4 — ...... .. ...• •
Great Indian Peninsular 24 -

Louvain it la Sambre ... 71,4
Luxembourg....
Ditto
Madrid and Valentia... 2 ......
Namur and Liege
Northern of France...... 12
Orleans and Bordeaux... 7 ......
Paris and Lyons ll ..... .. —
Do. Do. . lO
Paris and Orleans ...... 20 .....
Paris and Rouen ........ 20 ......
Paris and Strasbourg ... 9
Rouen and Havre
Sambre and Meuse 2O •• .. •
JOINT STOCK BANKS.
Australasia
London 84Westminster. 20
Union of Australia
Ditto,New.... ..... ..... 21,4...... ..... 2x.d
Union of London ... ..... 10 ...... 10% lO%

a \i• Ive .; A, .1 G Fe. cc.
Pernambuco; ditto; B:iianni,, Ceara; Fanny
Barbadoes; Denison, An. igna; Orleans, New Orleans;
B rtningliam, Havannah; i;largayet, ditto; Leila, Balti
more; lleb-n M•G4w, Phikdelphla; Westport, 43,
York; Hayward, Boston; Laurel, NewfOundland. Yu
back 29:h, Maryland, for New Orleans. Off port
Hanover,

PUMA, JAN. 23.—The Pheasant, of Sunderland, front
Shieitts to 13arbadoes, N%hich went on shoe on the 10th
unoant, et Dureansbey. has bccotne a tot-1 wreck.
ILFMACOMBE, JAN. 27.-- A boat marked " Alphon-

~ine Es, 11.," was picked op off this port to-day. -
YARMOUTH, JAN 29.—The Cubans, of and for
trom L ndon, put in hcre lust" night. mak-
ing a iiiVe wafer trom striking on the Barrow Sand.
LOWERTOZT, JAN. 29 —The Sophia, Gill. from Ilar-
tkpool to Portsmou.h, was assist. d in h. re last night,
with c .nsiderable damage, having been run foul of
wilibt on anchor, by the William, .f
RBDCAR, JAN. 29. l'he tollowi,,g vessels were driven
on shore war here this morning during a strong gale
from N.E. :—The barque Ringmahow Castle, of and
end from Jersey, to Newcastle; the brig Pallion Castle, of
and for Sunderland, from London; the schooner Donegal,
of Exeter, from London to Middlesboro; the brig Vint-
age, of and for Sou,h Shields, from London, all
in ballast. Crews till saved. A vessel is also on shore
at Skinning Cove near here. A vessel has been got into

the Tees, dismasted.
YARMOUTH, ISLE OF WIGHT, JAN. 29.—1 t blew a
strong gale at %V. the whole of last night, veered this
morning to N.N.W., and has blown strong all day. Four
P.M. Wind still strong at N., but weather fine.
BRIDLINGTON, JAN. 29.—1 t blows a gale here this
morning from E.N.E. about one hundred sail are riding
in the Bay. The Admiral Hoed missed the harbour and
ran on shore but is very little damaged, is expected
off when the weather moderates; crew saved.
FALMOUTH, JAN. 29.—S1d. Sir George Seymour,
Port Philip; Meux, St. Domingo.
SHIELDS, JAN. 29.—Part of the stern of the Minerva,
of Lynn, on shore here 31st ult. has been picked up off
Tynemouth Castle and brought here.
HULL, JAN. 29.—The 13,-njtmin, London to Goole got
on shore near Saltfleet, 27th inst., is expected off if the
weather moderates; crew saved. Cargo discharging.
The wind flew roun to N.E. this morning with heavy
squalls of rain and sleet. 5 P.H. Wind N.E., strong,
with sleet.
TORBAY, JAN. 29.—Wind N.—Arrd. Sporting Lass,
St. John's. N. B. with sails split and part of cargo over-
board. Sld. Edmond, Sierra Leone; Independent, Bic,
Janeiro; Pauline, Martinique.

MARKET NEWS-(THIS DAY.)