The Sun.
London, England, 1849-10-24 00:00:00

S UN, LONDON. WEDNESDAY EVEN ING OCTOBER 24 1849

..

THE

France and England with the SULTAN, and of Austria
on the other hand with the AUTOCRAT. Looking,
therefore, to the possibility of an outbreak being the
sudden result of the emergency arising out of Annul,-
MESCHID'S refusal of extradition, we find Great
Britain anything rather than adequately represented
in the Mediterranean by that force which has given
her her immense maritime supremacy. So inadequate
indeed is her position in this regard, that France
which is certainly a military rather than a maritime
power, retains within the same sea a squadron
exactly double the amount of the squadron
possessed there by England. This too, be it
remembered, on the morrow of a Revolution
which is declared by its opponents to have diminished
the energies and deteriorated the vigour of la grande
nation ! The inference, we opine, is sufficiently mani-
fest ; and one we trust which will be taken into
consideration by the Government as a counterpoise
to the importunity of the wrong-headed members of
an excellent association, the association of Financial
Reformers, anxious to reduce as much as possible
the sum (a sum at present we grant so extravagantly
lavish) of the public expenditure. May the immi-
nence of the existing crisis open the eyes of those
men to the preposterous folly of their demands—
showing them that their duty as Financial Reformers
should be directed almost exclusively to the re- arrange-
ment of the system of currency, and to the purga-
tion of the abominable civil list ; but teaching them
at the same time that to cripple the army, and more
especially the navy of the country, is to crop the
hair from the head of the political SAMPSON. Of one
thing at any rate we are profoundly convinced,
namely, that the people of England will not permit
this treacherous clipping by any Demagogic DELILAH.
It cannot be forgotten how energetically the late
Secretary of the Admiralty laboured to controvert the
sophistical arguments advanced by the gentlemen
solicitous to aid in a vast naval reduction. Most
solicitous are we that the present Lord High Com-
missioner of the lonian Islands will not himself lose
a recollection of his previous efforts ; but that in his
new capacity, and particularly bearing in mind his
own pressing anxieties in regard to Cephalonia, he
may be induced to enforce those efforts by a proper
representation to the authorities at home in reference
to the position of our navy in the Mediterranean. As
to the nature of the probable recommendations of
Sir STRATFORD CANNING we can labour under no
uncertainty whatever. Sir ROBERT GARDINER we
are satisfied would, as Governor of Gibraltar, corro-
borate the accuracy of the policy suggested by the
Ambassador at Constantinople ; and his Excellency
Mr. MORE O'FERRALL would be anything rather
than disinclined to give the advice the authority of his
coincidence, accompanied by the cordial agreement of
his Excellency Mr. `VISE, the Ambassador at the
Court of Greece. How far such recommendations
would be agreeable to Sir WILLIAM PARKER, the
Commander in-Chief of the British squadron in the
Mediterranean, we may conjecture from the known
character of that gallant and distinguished officer,
ever solicitous as be is to witness the advancement of
the naval glory and greatness of England. The
matter is deserving of the earnest consideration of
these officials and of the Government, even supposing
that events should prove that there exists no ne-
cessity for the presence of a British fleet in the Dar-
danelles.

A free communication and ready access from

place to place is justly regarded as one of the pri-
mary means of improvement in any country. II
these be wanting—if there be an absence of the ordi•

nary facilities of transit, the district, however
favoured in ;other respects, must still remain in a
state of wild and primitive simplicity. Civilization

cannot progress where there is but little or no in-
tercourse. There may be a sufficiency of the neces-
saries, but there can be none of the elegancies or
luxuries of life. Each person will be restricted to the

produce of his immediate vicinity, for the expense
and difficulty of conveying his crops to market will
act as a practical prohibition to any interchange of
commodities, and he cannot barter or exchange with
his neighbour because they will have a superfluity of
the very same articles which he himself could most
easily dispense with, and the same description of goods
will also be in request. Good roads, cheap and expe-
ditious modes of intercommunication, are therefore
properly looked upon as the great, indeed, the indis-
pensable sources of national amelioration.
While these great truths have been
fully recognised in this country, while the
most gigantic works have been undertaken
and rapidly carried into execution on this side of St.
George's Channel, but little has been accomplished in
the sister kingdom. Although the area and popula-
tion of Ireland respectively exceed one•half of the
area and population of Great Britain, her railway
mileage scarcely amounts to one-fiftieth part of that
in actual operation in England and Scotland. It is
true that the Legislative sanction had been obtained,
several years since, for the formation of many rail-
ways in that country to the extent of 1,6171 miles, but
unfortunately but little more was done than procuring
the preliminary Acts. Three only—the Dublin
and Kingstown, the Dublin and Drogheda, and the
Ulster Railway, 77i miles in all, had been completed ;
and though some few of the others were slowly pro-
gressing, not a single sod had been turned, or a por-
tion of the work commenced in the great majority of
instances. The financial difficulties which the nation
had encountered during the disastrous period that
intervened between the applications to Parliament and
the present time, prevented the directors from obtain-
ing the necessary funds, and it became too painfully
apparent that private enterprise was quite inadequate
to supply the wants of the Irish community with re-
spect to railways.
One project, and one only, has been steadily carried
forward in a manner which reflects the highest credit
on the directors, through whose indefatigable exertions
it has been completed within a time, and in a manner,
that would merit the greatest praise even in this more
favoured country. The Great Southern and Western
of Ireland—the trunk line par excellence of the sister
kingdom—presented engineering difficulties of no
rdinary magnitude. The extension from Mallow
to Cork particularly required the utmost inge-
nuity to surmount the numerous impediments
that opposed further progress. " The cuttings"
were of the most formidable character, of immense
depth, and through the hardest and most imprac-
ticable material. Indurated sandstone, had to be pene-
trated to a depth of no less than sixty feet for consi-
derable distances ; and this task, severe and arduous
as it was undoubtedly, was trivial in comparison to
the gigantic embankments and enormous viaducts
which the nature of the county rendered essential.
The master, mind that planned, and the zealous
and unflinching contractor that carried the
works into execution, were not to be deterred by
common obstacles. Sir JOHN MAcNEILL more
than sustained the high reputation he had previously
acquired, while WILLIAM DAHGAN proved how
deeply mistaken are those who underrate the capa-
bilities of Irish industry. " A monument more
durable than brass" has been erected which will
redound to the honour and fame of all concerned in
the magnificent undertaking. Neither were the
directors cr shareholders wanting
.on their part ; the
moat judicious arrangements were made to prevent
any loss of time or delay in the execution of the
works. " The sinews of war," without which the most
auspicious project must prove a total failure, were
provided, notwithstanding the railway panic, and the
high rate of interest for money which prevented
even the best circumstanced companies from obtaining
leans on anything like reasonable terms. It is true
that national aid was afforded to this eminently
national undertaking; a considerable advance was
made from the public Exchequer at a moment of
extreme embarrassment. No risk was, however,
incurred of any less to the Government; ample
security was given for the repayment of grin-
, ciPal and ,interest ; the concern was per-
fectly solvent,—all that was required was that
the wild
lank and dismay that had taken possession
breathingofthe
Putbi Imi ce
shionudl d she
leo uallldo wb:d atsos utahgee
sdh,araenhdoldtherast
to recover from the losses
they
common with all their coor bothGovern-
mentadvance objects—the neces-
sarythe needful respite were
encouragement, provided
thereby supplied, and the auspicious result has
exhibited in the strongest light the national advan-
tages attainable by a judicious exercise of the
Powers
entrusted to the hands of the Government.
On Thursday, the parties concerned reaped the rick,

reward of their previous labours. It was indeed
a gala day on the Great Southern and. Western
Railway. His Excellency the Lord-Lieutenant, who
had long evinced the deepest interest in the welfare
and prosperity of the concern, accompanied by a
numerous party of noblemen and gentlemen, wit-
nessed the opening of the extension from Mallow,

and the completion of the line of railway communica-
tion from Dublin to Cork. Sir JOUN MacNsm, with
pardonable pride, exhibited the apparently insur-
mountable obstacles which he had overcome, and
dwelt with friendly z-al upon the invaluable assist-
ance he had received from the indefatigable
WILLIAM DARGAN. The train was moved

backward and forward over the place where
the entire road had been swallowed up,

and where no foundation could be laid, until what
might be termed a larch-wood raft was launched
into the quagmire, on which the road was sustained.
'The train also stopped to inspect various colossal via-
ducts, more particularly that at Monard, consisting of
seven arches, ninety feet high and forty-five feet
span, the arching of which was not commenced until
the 30th of August, and which was fully completed on
the 30th of September. In the evening a magnificent
entertainment was given at the Imperial Hotel, Cork,
at which. his Excellency (for the first time) most
worthily exercised the privilege of conferring the
honour of knighthood on the excellent Chairman of
the Great Southern and Western Railway Company.
In returning thanks for the enthuaiatic manner
in which his health had been received, in con-
nexion with what has, unfortunately, been so long com-
paratively unknown, "Prosperity to Ireland," Lord
CLARENDON happily seized on the allusion made by
the Chairman to the assistance which had been ren-
dered by Government to this great national under-
taking. He expressed it as his belief that but for the
loan which had been advanced by the Noble Lord at
the head of the Government, they would not have
reached Cork by railway at this time. But let us ask
if " the prudent foresight" of the Minister in con-
senting to give a sum of money in this instance is
deserving of such high commendation ? If that fore-
sight, " which determined to provide a ready market
for the farmer," has been in the present case exer-
cised with so beneficial a tendency, opening a ready
market to the agricultural interest, " connecting
Limerick, Cork, and Dublin together," on what
paltry grounds of false economy—most paltry,
ill judged, and indefensible, considering the avowed
importance and vast :advantages resulting from the
establishment of those great channels of communica-
tion—has the Government refused its aid to the Wa-
terford and Limerick line ? "It was to this," conti-
nued his Excellency, " they should look in the severe
competition they (the farmers) had at present to
undergo, and it was with a view to this that his
Noble Friend had given their railway the money."
Is, then, the condition of the agriculturists in East
Munster so pre-eminently flourishing ? Ate the farmers
of that district so far more advantageously circum-
stanced than their favoured brethren, thus cheered
and sympathised with by the Viceroy, that the
teeming riches of the golden valley of the Suir,
and the first rate capabilities and conveni-
ences of the splendid port cf Waterford,
are to be contemptuously passed over as un-
worthy of any measure of the fostering bounty ?
More than once within this year we have adverted
to the singular advantages which would ensue from
the completion of the rail way from Limerick to
Waterford ; and once again we implore those chiefly
interested therein to put their shoulders to the wheel-
Is there no public spirit existing among the citizens
of Waterford and Clonmel to urge the directors to
some exertion, or to have the affairs of the company
conducted by competent and active bands ? Lord
GLENGALL, we feel assured, is as eager and willing
as man can be to promote this desirable object; but
it is morally impossible for his unsupported efforts
to be crowned with success. The active exertions of
those whose local interests are at stake must be
brought into the field, otherwise the continuance of
the deplorable supineness hitherto evinced will ensure
a great public detriment, and prove a source of deep
and lasting regret to themselves.

HE FRENCH REPUBLIC.

We hare received the Paris journals of yesterday
The Patrie publishes the following :
" Several Representatives mentioned to-day at the
Assembly the arrival of an important dispatch from
Vienna. We have been able to extract the following
passages from it, the correctness of which we can gua-
rantee:—' It is England which excites this sad affair in
the East; for the language of the new French Plenipo-
tentiary, M. Gustave do Beaumont, is more moderate
than that of Lord Ponsonby, the representative of the
English Government at Vienna. And nevertheless, we
may observe to the latter Power (England) that after
the late executions at Cephalonia, which amount in
number to more than 100, her Ambassador acts with
bad taste in constantly talking of humanity. It is,
moreover, considered as certain at Vienna, that if
France continues to observe the same moderation in her
language as she has hitherto done, there is no doubt but
that the affair will be terminated pacifically. It is only
menace which can lead to a fatal war. M. do Lacour,
the ex-Chargé d'Affaires of France, has just left for
Paris; he is generally regretted at Vienna, where he
had acquired confidence from the kindness and distinc-
tion of his conduct. lie is the bearer of dispatches fur
the French Government, which lead to the hope that
peace will be maintained.' "
It is evident from the above that the parti pretre of
the French Cabinet would fain give up KOSSUTH and
his companions to the tender mercies of the two Red
EMPERORS. We have frequently said that the
enmity of this party to England has more of a reli-
gious than of a political character, and an article
which appears in the Univers corroborates our
assertion. The Univers, it should be recollected, is
the organ, not only of the parti pretre of France, but
of the Jesuits all over the world ; it is read by them in
whatsoever country they may be located, and its hints
and inuendoes are at once acted upon openly, where
posible; covertly, where to act openly might be dan-
gerous; its intimate connexion with the Propaganda
at Rome is notorious, therefore it may be presumed
that every article published by the Univers in rela-
tion to religious matters has been well weighed and
considered. Now, in the Univers of yesterday we
find a long article, in which it is declared
that Socialism is the child of Protestantism,
and to destroy Protestantism is therefore the
only effectual method of restoring "order."
It will certainly not be the fault of these reverend
priests of order if a new St. Bartholomew is not
organised in
_France, to be held up as an example by a
modern Pope Pius, and to be eulogised by a future
M. DE FALLOUX.

N. DE FALLOUX has proposed a subscription for

- •
the publication of a cheap edition of the speeches of
MM. DE MONTALEMEERT and RCZIERE on the Roman
question, and the Bishop of LANGRES, writing to the
Anti de la Religion, proposes that the report of M.
TRIERS should be added to them, in order, says the
Bishop, to the Ami de la Religion, says that "All men of
heart, all those who belong to the great party of order,
all those who are devoted to the glory of the country
and the Cause of the Church, representatives, prieste,
citizens, may unite in this testimonial of sympathy, of
admiration, and of patriotism."
Notwithstanding this episcopal eulogium, M.
TniErts seems somewhat ashamed of his position.
He was absent from the Assembly yesterday,
and
.his absence was remarked on. Can it be
that the conviction of falsehood branded on his fore-
htlad by the declaration of the municipality of Havre
has abashed this worthy son of the Church ? Courage !
M. MILES ! Courage ! your new friends will soon
teach you the art of equivocation so effectually that
it shall never again be necessary for you, in order to
disguise the honest truth, to have recourse to such a
vulgar expedient as the utterance of a plain palpable
falsehood.

The National, adopting as a heading the phrase of
M. DE MONTALEMBERT, " The POPE always pardons,"
publishes the following extract from a letter dated
Bologna, October 8, which appears in the official
journal of Rome of the 11th :
" MIGANI SANTE, surnamed the drummer, aged 27
years, a native of Bassano, married, and the father of
a family, having escaped from the prison of Forli,
and having been arrested armed with a poignard, was
condemned on the Gth, by the military commission sit-
ting at Bologna, to be killed by powder and ball, and
the sentence was executed the same day. There
were also condemned at the same sitting, and in each
case unanimously, RONDELLI DoManlco, aged 38
y can, married, the father of a family ; CORDIER, native
of Bologna, to three years' imprisonment with hard
labour for having been found each with a knife in his
possession ; .Maniara GUISEPPE, aged 21, a waiter in
a coffee-house at Cesena, for having a pistol in his
possession, to three years' imprisonment with hard
labour ; CHIARINI GUISEPPE, aged 28 years, native
of Santalusa in the Government of Renza, having
been convicted of having in his possession a pocket
knife, has, in consequence of his previous good con-
duct, been sentenced to only six months' impri-
sonment."
Most certainly, as M. DE MONTALAMBERTAserves,
the POPE always pardons:'
A duel was fought on Monday afternoon in the
Forest of Bondy between a Taoutur, z ,barrister,

and Lieutenant PETIT, of the Gendarmerie Mobile.
The weapon oiloaen by the combatants was the
sword. The parties having been placed on the ground
attacked each other with extraordinary fury. After
some time they became completely exhausted and
were forced to rest. They recommenced, and, after
a long contest, during which neither v. as wounded,
the seconds disarmed them, when they shook hand,.
M. BAUME, a representative of the people, and M.
BUYIGNIER, a barrister, acted as seconds to
I.
THOURET ; and M. WALLots, a half-pay lieutenant,
and M. DUFAUR, a landed proprietor, performed the
same duty for Lieutenant PETIT. The lieutenant
challenged the barrister in cons€quence of the latter
having told him during the state trials at Versailles
that he was unworthy to wear the French uniform.
The High Court resumed its proceedings on Mon-
day morning. The evidence of P.I. En NEST GREGOIRE,
a physician, excited much interest. The counsel for
the defence and some of the prisoners endeavoured, in
order to neutralise his evidence, to .how that M.
GREGOIRE was a police agent. The Court adjourned
at half-past five o'clock.
PARIS BOURSE, TUESDAY, OCT. 22.
The market has not been very animated to-day, but
prices have been pretty well maintained; Threes closing
at 551. 75c., and Fives at 88f. sc. The market closed
as lollows:—Threes, for cash, 55f. 80c.; for account,
551.75 e.; Fives, for cash, BSf. 10e.; for account, 88f. 5c.;
Bank of France Shares, 2,327 f. 50c.; Neapolitan, 881.;
Spanish not quoted.
RAILWA.YS.—The Share Maiket has been also dull,
prices having varied but little. Orleans closed at 727 f.
50c. ; Rouen, 525 f. ; Havre, 238 f. 75e.; Avignon,
2171. 50e. ; Vierzon, 292f'. 50c.; Strasburg tmd Bale,
1011. 25c.; Bordeaux, 4021. 50e; Northera, 4281. 75c.;
Paris and Strasburg, 3171. 500.; Nantes, 2821. 50c.

BUSINESS DONE IN FOREIGN RAILWAYS AT TilE

LONDON STOCK-EXCHANGE, Oar. 23.
Northern of France, 3178 dis.— Paris and Strasbourg, 47%

SPAIN.

Madrid journals of the 18th have arrived.
It is said that to avoid 211 occasion of raising a
discussion on the question of the renewal of relations
with' England, the Cortes will be opened without a
speech from the throne, so that there will be no
necessity for an address.
MADRID BOMA, OCT. 18.—Three per Cents.,
27 ; Five per Cents., 111, both paper. Exchange
on London, 50 40 money.

GERMAN Y

AND

THE NORTHERN STATES

AUSTRIA AND HUNGARY.

A conferance of Ministers took place at &hon.
brunn on the 18th, relative to the demand made on
Turkey for the extradition of tha Hungarian re-
fugees. The British Ambassador attended the con-
ference.
The chiefs of Servia have presented the following►
to the EMPEROR, as expressing the IN ishes of the

nation :

" That the Servian Waiwodio be declared a st tte of
the Crown ; that the Emperor shall assume the title of
Grand Waiwode ; and that the limits of the Waiwcdie
be settled according to the former privileges and the re-
solutions of the nation of the Ist and 3d May, 1848.
This last point is explained in the following terms :
The territories indicated are the seat of the establish-
ment of the Servians, which they occupied after having
wrested Hungary from the Turks. The Servia Waiwode
claims these territories according to historical monu-
ments and imprescriptible right. If it is wished that the
Servian nation should have any importance these terri-
tories must be conceded to it." _ _

It was rumoured in Prague that General SCULICK,
who arrived there on Oct. Id, would be appointed
Civil and Military Governor of Hungary.
Accounts from Semlin of the 11rh state that General
HonsrAn arrived there on the 11th, and immediately
set of for Widdin. It is asserted that he is gone to
Turkey peremptorily to demand the delivery cf the
Magyar chiefs. Other accounts state that he was the
bearer of an amnesty.

SAXON Y.
The Legislative Assembly is convoked for the 20th
instant.

PRUSSIA.

The Prussian Staats ilizzieger of the 21st announces
the nomination of General Vox PEUCKER to the
post of military governor of Westphalia and the
Rhenish provinces.
On the 20th, the First Chamber disposed of the
whole Bth chapter of the constitution " of the finances,"
by adopting articles 98 to 103, whereby, as will be
seen from the text of the first of these articles, the
principle of annually submitting the budgets to the
investigation and assent of the Chambers is recog-
nised, as it should be, tempered, however, by a
clause which declares the votes and credits of the
previous to be voted for the current year, should
circumstances prevent the fixation of the budget
within the prescribed period. The latter clause was
only carried by a majority of three, there being 70
ayes and 67 noes. This article runs thus :
" All the receipts and expenditures of the State must
be determined each year by anticipation, and entered in
the budget. The latter must be annually determined by
a law. All extraordinary disbursements require the
subsequent assent of the Chambers. In case the defit.i-
tive settlement of the budget for the ensuing financial
period (year) should be delayed beyond its commence-
ment, the budget last voted shall remain in force—not
exceeding twelve months." This and the Oster articles
having been the principal obstacle to progression in the
work of revision, involving as they do most indisputably
a vital constitutional question, it is to be hoped the
Chamber will now be enabled to advance more rapidly
with the forty-five of fifty articles which remain to
be voted.
In the Second Chamber the debate on the Industry
Regulation Bill was revived at Art. 24. The whole of
the remaining clauses, in all seventy-seven, were then
agreed to without discussion, and the House adjourned its
definitive vote until Monday next."

rassment and of danger. A corporal of a Roman
regiment named CLAUDI has been condemned to a
ear's imprisonment by one of the French courts-
martial fol. attilcking a French soldier. IL4 had been
previously condemned to death by another court for a
similar crime, but the sentence had been quashed
through some informality. This fresh decision is a
proof of the strict impartiality of the French military
j urisdiction."
The Ministerial crisis still continues at Turin.
In Naples the terror was every day increasing in
consequence of the violence of the Government.
Every day fresh arrests were taking place, and no
one telt safe. The Government papers were filed
I with abuse of England and diatribes against Lord
PALMERSTON for his dispatch on the affairs of Sicily.
The Kuso and Royal Family had left Naples, and
taken up their residence at the Palace of Caserta.

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

The Cotton market at Liverpool yesterday closed
with t.n ulw a d te,:clency. The sales were 12,1.00 bales,
of u hich speculators took one•half. Compared with
Fridsy's rates, prices of American are id.
per lb., Egyptian id. to id., and Surat id. per lb.
dearer. The transactions comprised 10,000 American,
300 Pernam and Maranham at bad. to 7d., 400 Egyp-
tian at 7d. to 7-id., 500 Surat at 4d. to 5d., and 60 Sea
Islands at is. o.ld. per lb.—ln Railway Shares a limited
larsiness was dune at firm prices.
In Mark- lane to-day business is dull as respects all
descriptions of grain. The arrival of foreign wheat are
1,440 quarters, of barley 1,250 quarters.
in a communication from Brazil we ,are told—" Our
coffee crop proves worse even than any one expected.
One planter, whose crops last year were 50,000 arrobas
(10,000 bags), will only this year have 8,000 arrobas.
There are many in the same situation, and some even
worse; none will make half a crop. Europe will require
so much, that the United Sates will not get two-thirds of
last year's supply, and people must be finally convinced
that there can be a short crop in Brazil, and that pro-
duction is less than the consumption. The quantity
shipped to the knitted States since the Ist instant is
31,000 bags, and about 10,000 more may be cleared
prior to the Ist of September, leaving n deficiency of
40,000 bags, for the months of :July and August, com-
pared with the shipments of the same month in 1845.
From information derived from sources which I consider
reliable, I have no doubt the incoming crop of coffee in
this country is short—certainly to the extent of one-
third, and very possibly as much as one-half. The crop
of Java is also known to be short—from one-third to
one-half. These facts as to short crops in the two
principal coffee-growing countries in the world, coupled
as they are with small stocks and improving prices in
Europe, small stocks and light receipts with you, must
certainly give you unusually high prices the coming
season. Good firsts and superiors are now here 3,900 to
4,000. dollars."
In the American letters delivered after our report was
made up, the following is stated as being at New York,
the value of the dry goods imported for the week ending
Friday, and the amount deposited at and withdrawn
from the United States warehouse:—
MOVEMENTS IN FOREIGN Day Goons.
Imports. Warehoused. Withdn.
Dolls. Dulls. Dolls.
Manufactures of wool 169,340 17,066 39,294
Do. cotton 71,931 2,702 3,654
Do. silk 175,645 2,626 22,738
Do. flax 60,557 17,324 5,725
Miscellaneous

Total
The value of merchandise exported from this port for
the week ending Friday was 580,563 dolls. The value of
merchandise end specie imported into this port for the
month of September was 7 281,987 dolls., the duties on
which amounted to 1,583,713.
The Continental ad vices are of a meagre character.
Mercantile affairs generally were tolerably prosperous.
At Vienna, on the 19th inst., the exchange on London was
10 50, and Austrian Stock was quoted 95. The Amster-
dam Bourse on Monday was quiet. There was a fair
demand at the commencement of business for the Two-
and-a-Half per Cents., but they became feebler after-
wards.
The India overland mail will be dispatched this even-
ing. The amount of bills drawn in London by the
Honourable East India Company, from the 7th inst., up
to yesterday, was 134,5871.195., including 116,921/. Is. 9d.
on Bengal, 16,8291. 19s. Bd. on Madras, and 8361. 17s. 7d.
on Bombay.
The average weekly circulation of bank notes in
England for the month, to the 6th ult., was 6,039,5401.
fur the private and joint-stock banks.
The Stock Market has been exceedingly quiet, and
there is not the least fluctuation. Consols realise 92 to
741-, for Transter, and 92* i for Account. The New
Three•and-a-Querter per Cents. have been 92 to i, and
the Three per Cent. Annuities 90,1 to 91. Bank Stock
is worth 194 Exchequer-bills have remained at 435.
to 46g. premium, and East India Bonds have fluctuated
from 795. to 82s. premium.
In the Foreign Market there is not the least activity.
Mexican Stock is dull at 26i :1. The amount required
by Messrs. Schneider and Co., in order to complete the
dividend, is 6,9871; the total requisite to complete the
remaining instalment being 64,6501. Complaints are
made at the delay in the rendering from Mexico of more
specific accounts concerning the tobacco and silver
revenue. Portuguese Four per Cents. have been 33;
Dutch Four per Cents. are 82 to 82k.
It is with great satisfaction we note a further im-
provement in the market for Railway Shares. The cur-
rent report this morning is that the weekly return of
the North-Western line will exhibit a decided improve-
ment in the traffic, and that other of the companies
will also show better when the next accounts
are made up. This is not improbable, looking
at the fine weather ; but besides traffic, which
is of course the grand element of success, a
change in the direction of many of the railways is
urgently desired in order to revise the whole system of
management, and give confidence. Unless this takes
place, as far as we can ascertain the prevalent feeling,
a Government auditor, under certain restrictions,
will become a more favourite idea; because, as the
holders conceive, it would give a steaier market value
to their property, and even invest it with some of the
advantages appertaining to Government Securities. For
our own part, we do not see why an official accoun-
tant, appointed by the shareholders, and paid
by a vote from them, in order to secure inde-
pendence of the directors, would not answer
the same purposes as a government functionary;
but some kind of audit, after the exposures of " falsifi-
cation" we have lately been startled with, is absolutely
requisite.
Compared with yesterday, the rise in Caledonian
shares is about 4; in North-Western, 2 to 3; South-
Western, /2- to 1; Midland, 1; North Stafford, I; South-
Eastern, i; and York and Berwick and York and North
Midland, each *; Eastern Counties are without change.
BRITISH Fl ,NDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock
3 per Cent. Reduced Annuities 90% 91 9034
3 per Cent. Consols Anns
New 34 per Cent. Arras. 92 921 a
Long Annuities, Exp. Jan. sth, 1860 B% 8 7-16
D 0.30 Years, Expire Octl 0, 1859 -16
Do. 30 Years, Expire Jan. 5, 1860 8 11-18
India Stock —
Do. Bonds, 10001 BO 82 79 p
Ditto under 1.0001 79 p
Consols for Account .......- . ..... 92%1/4
Exchequer Bills. I lad. 2d.
March. June.
1,000/.
Small — 43 46 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent 83%
Mexican Bonds, 1846 5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto Account
Portuguese Bonds, 5 per Cent —
Ditto 4 per Cent.
Dividends on the above payable in London.
Dutch 21/a per Cent., 12 Guild
Ditto 4 Der Cent. Certificates
SUfdINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
EAUMAXS. PAID. PER SNARE.
eberdeen
Ditto, Preference 64 — . .... to
krabu., Notting., Boston, &c. 8
t.yrshire and Galloway
' %Mist and County Down .. 26% .. ..
3erks and Hants Extension
(Gt. West. Perpet. 5 per ct.) 6
irmingnam & OxfordJ tenet.,
calls duly pd, or with guar. 20
Do., without a guarantee... 20 ...
in mingham,Wol., & Dudley,
calls duly pd, or with guar. 10 .....
Do., without a guarantee... 10 • to
Dirming., Wol., & Stour Val. 131.145....
r,irkenhead, Lancashire, and
Cheshire Junction..
33ston, Statist., & Birming...7/. 4s — to
Bristol and Exeter
Do., Thirds ...... 27% — ..,... to
duckinghamshire 17% 154...... to
Caledonian
Ditto, New 101. Preference 10 ...... 8%3/4... to
Ditto. Clydesdale Junction 50
Jhester and Holyhead 5O .....
Ditto, Preference
larence. . 7Bl —, .. to
Do. , Ist Class, 6 per Cent... 10
D0.,2c1 Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Oirect London & Portsmouth 54 to
Dublin and Belfast Junction.. 40
Dundalk and Enniskillen ... 27% ......
East Anglia, 251. L. & E.,
and L. & D ...
Ditto, 18/., E. & U lB ... ..
Do, 3/. 105.,6 p. Ct. Pref. 3% —
Eastern Counties
Do. New Guarant. 6 per Ct. 10
Do. Exten., 5 per ct. No. 1,6/. 13s. 4d ..
Do., do N 0.2,6/. 13s. 4d...% dis. x.d. to
Do., Northern &Eastern... 50
Do., 5 per cent.
Ditto, New ...- ..... .. 43 . ....
Eastern Union, Class A (late
E. U. Shares) ... .. 25 - ...... to
Ditto, ditto, Class A, ditto 3% — to
Ditto, do, Class B (I. &B) 25 ...... 41/,'2 to
Ditto, do, Class C, ditto... 25
Ditto Scrip (gua. 6 per cL) 20
East Lancashire -..
Ditto, New .. ........... .... . 25
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Shares 64 — to
East Lincolnshire
Edinburgh and Glasgow 5O — -
Ditto, Half Shares
23 ~.•, ..... to --
Edinburgh and Northern -
Ditto, New port l 5 -
Exeter, Yeovil, & Dorchester 2% — ..... to --
Exeter and Exmouth.— 2ls. ...... ••• ••t°
Glasg., Dumfries, & Carlisle 81. 65.8 d... -- -••
(
?.,
Glasgow, Kilmarnock, & Ayr 50 . .....
Do. Preference Consolidated —..—. z to
Great Northern.... ............. 20 ...... 7%
to nil -
o
Do. % A Deferred ..... ... lllcie _
to—
Do. 1" 13 6 per Cent.
to
Do., 5 per Cent. Pref.
to
Gt. South. & West. (Ireland) 41% —
Groat North of England
Ditto, Now 404... ..... .. • — .•..•. to —.
Ditto, ditto ..„ -
Ditto, New 301 ... 30 ... .. .....,
...... to r.
Ditto, Now 151......... l5 .--
100 ..... ... .
57 56.1/2... tow -.55:,
Great Western
Ditto, Half Shares 5O ...
Ditto, Quarter Shares 23 ...
..•• -
Ditto, Fifths
Do. New 17/ lO3/41/2... to
15 -. ... 7
!lull and Selby to 50
Ditto, Half Shares .. .25 ..... to -
a tto,Quarter Shares .....
. 12% -
to
..., to
Lancaster and Carlisle.... r 0
...... --
Do., Thirds
Lancashire and Yorkshire lOO
Ditto; ditto, M. 13. & .13 ... 96