The Sun.
London, England, 1869-04-21 00:00:00

lg of the
tion of

of any

sit ou

.rig Op

Ls ul ti-

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

931 ; CITY, Two o'CLocK.
Consols are 93/ 3 for money; ditto, for Ac-
count, Three per Cent. Reduced, 911 ;
New Three per Cents, 91 ; Exchequer Bills
£l,OOO —; ditto £lOO, £2OO, and £5OO, 6 prem. ;
Bank of England Stock, 4 per Cent., 241/ 391.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1131 14 ; ditto 4 per
Cent., Oct., 1888, 1001 :I s.
Foreign stocks are steady with an improvement
la Brazilian, Egyptian, Italian, Peruvian, and
Spanish. The following are the current prices :
Brazilian, 80 to 80+ ; Egyptian (1864), 86 to 861;
ditto (1868), 75/ to 768; ditto -Nine per Cents.,
961 to 971; ditto Seven per Cents., 80 to 801 ex
drawing ; Italian, 551 to 55; ; Tobacco Loan,
84 to 85 Peruvian, 781 to 781 ; Portuguese, 351
to 30; Russian (1862), 86i to 8641; Oriel-Vitebsk,
78i to 79 ; Nicolai, 65 to 651 ; Moscow, 781 to
73 ; Charkof, 761 to 77 ; Spanish, 30 to 301 ; Tur-
kish Five per Cents, 44 to ; ditto Six per
Cants., 651 to 66 ; and Honduras, 82 to 83.
There is little alteration in Railway Shares. The
principal feature is a further recovery of 1 in
In Midland, which is dealt in at 115 to 1151.
South Eastern is / better, at 761 to 761, but
Loudon and Brighton is lower, at 471
to 48 ; and Great Easter, 1-16, at 371 to 37-1 ;
Caledonian is steady, at 771 to 78 ex div. ; Great
Northern (A), 1081 to 109 ; Great Western, 49 to
491; Lancashire and Yorkshire, 1231 to 1238;
London, Chatham, and Dover, 171 to 171 ; Lon-
don and North-Western, 115 to 1151; Metropo-
litan, 1021 to 103 ; and ditto Extension, 100 to 101.
American Securities are flat. The 5-20 Bonds
have declined to 801; Erie Shares are 221 to 231 ;
9& to 981; and Atlantic and Great Western
Bonds, 28 to 29.
Continental Railway Shares are steady.
Business in Bank Shares continues very limited,
and prices are without change. Agra (A) is quoted
at 101 to 11 ex div. ; Alliance, 14 to 15 ; Anglo-
Austrian, 17 to 18 prem. ; Chartered Mercantile,
29 to 30 ; Consolidated, 41 to 4-} ; Imperial Otto-
man, 2 to 21 prem. ; London Joint-Stock, 321 to
331; Union of London, 35k to 36/.
Miscellaneous Securities are very quiet. Anglo-
American Telegraph is 1 better, at 221 to 22/ ;
General Credit is steady, at 1/ to 11 dis. ; Inter-
national Finance, 2 to 11 dis. ; National Discount,
14 to 111 ; Hudson's Bay shares are unaltered, at
11+ to 111.
The Corn Market has been dull at previous
rates.

The sum of £20,000 in gold was taken to the
Bank yesterday.
The Rockliff, from Melbourne, has brought
£20,000 ; the City of Rio de Janeiro, from Brazil
and the Plate, £25,000; and the City of Cork, from
£l,2oo—making a total of £46,200.
The mail steamer Pascal has taken £12,100 for
Brazil and the Plate.
It is understood that the firm by whom the Spa-
tiell Loan will be introduced in London is that of
41-eaars. J. S. Morgan and Co. The amount of
nominal stock in the first issue will be £8,000,000,
equal at the proposed price to rather less than
millions sterling. ,
It is stated that the whole of the recent 4 per
Lent. Russian Loan of £11,110,000, introduced by
3/lessrs. Baring, has been subscribed. The greater
Part has been taken on the Continent, the French
subscriptions especially being large.
With reference to the South Austrian, Lom-
bardo-Venetian, and Central Italian Railway
Company, it is announced that the committee of
management has decided on proposing to the gene-
ral meeting 33 francs as the dividend for the year
1868. Twenty francs were paid on account in
:November last, so that the amount now to be dis-
tributed is 13 francs.
The report of the Great Western of Canada Ran-
h/ay, to be presented on the 28th inst., recommends
a dividend at the rate of 5 per cent. per annum,
which will absorb £89,123, and leave £2,577 to be
Carried forward.

The Cape Railway Company have announced
that they have decided to recommend a dividend
at the rate of 4 per cent. per annum on the ordi-
nary stock for the half year ended the 31st of
becember.

The yearly meeting of proprietors of the Pro-
vincial Bark of Ireland will be held on the 20th
of May.
The ordinary general meeting of the share-
holders of the Bank of British Columbia is called
for the 4th of May, when a dividend will be re-
commended.
The suspension of Messrs. Timothy Richardson
and Son, bop merchants, is reported, with
liabili-
estimated at about £50,000. Nothing definite
44 transpired with regard to assets.
t. Mr. A. F. Baillie has obtained from the Argen-
ine and Uruguayan Governments the exclusive
rvilege of shipping live cattle from those States
for
a period of years, with entire exemption from
all Port charges and Custom-house duties.
, The suspension has been announced of Mr. Wm.
t•zottoniley, of Grove Mill, Bradford, stuff manufac-
Ilrer, with liabilities said to be large.
The Metropolitan Railway traffic shows an in-
!asrricot Railway
ere f £2,412. Ile receipts of the Metropolitan
for the week reach £BOO. The
yeeipts of the Metropolitan and St. John's Wood
ailway represent £361.

BRITISH FUNDS-TWO O'CLOCK.

n UOTERNMENT -FUNDS.
`, per Cent. Consols
!
. per U Ditto for Account,
, ent. Reduced9ll 1
New 3 per Cent
?' 21 per
Cu'
an. 1894
A D 0,5 per J
an. 1373 —
Mnouities? SO yrs, expire sth Jan., 18814
. for SO yrs, expire sth April 1885 --
e Do (Red Sen. Telek,raph), Aug., 1908 2O
xetioquu Bills, £I,OOU, 21 per Cl. Do
£5OO
Do.
£lOO & 00 Bulk of England Stock, 4£2
61 per Cent
13(4. Openuig
1 1
Canada 4 Inter- per Cont. Bonds
Colonial Otunnun
, INDIAN GOVERNMENT SEC'URITIE
kildis. stock, 14 per Cont., April 1874...
Do.
Opening, for Account ••.•,,, - - Do. 5 per Cont. July, 1680 ............... 1141 14
Do. 4 per Cent., Oct. 1888 """•••••••••100/ i i
Do. Certificates .................... ........
Do. Enfaced Pape, 4 per 0ant..,.... ......
Do. 5 per Cert., Jan. 1872 ..... ...r.
.... _
Do. 5i per Cent. May 1879..... ................. --__
Da 5 per Cont., Rup. _
Do do 187 i —
Do. do. 1882 —
D. Deb., 5 per Cent., Aug. 1873 ~••.• --
Do. Bonds, 4 per Cent., .£l,OOO
Do. under £l,000

F
Argentine ORRe
pEuI
bGI
II: ,
6 perCD
esnt FUN—TWO O'CLOCK.
Do
~ p
AtutrianScri 80n445 pds 5 per cent .. __
*WhDo. 1859
at' 5 per Cont
O.
D 41t per Cont. 1852 —
Do. do. 1858.... —
Do. do. 186 ' —
Do. do., 1868 --
Do. 5 per Cent., 1865 —
Do Account BO/
Buenos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent )
Cuba.,
6 per Cent.
04iliall 6 pop
Cent
Do. 4/ Cent 73/
Do. 3 per Cent~
Do. 6 per cent. 1867 —
Do. 7 per Cent., 1866 .. lO2/
C lo tibial], 6 per Cent.
Danish, 3 per Cent, 1825
nnbian Principalities, 7 per Cent Do 8 per Cent., 1867
,szquador New Consolidated, 1 per Cunt
-t.syptiab, 7 per Cent...,. .•.• --
Do Secood issue Bli
Do. £SU Bonds
Do. £10,) Bonds
. .
Do. 1864 .•••
Do. Account
Do. 4:500 Tlonds
.00. 4.166 Bonds E7I English Scrip, 1868 76i 6
Do
ernmdo. 415 pd dis
Greet
Govent Railway Debentures
5 Do. Acce por Coat., 1824 5, ex Coups
unt
.-
Du. Coupons
• _ Do. Acunt
Lihatentalaco 5 per Cent .. 4
liondurasGov Rail. Lou n., lop. Ct., all pd 8L
it3iian 5 per (-Ext., 1865
Do. Account ...
...Do Marenimana Railway
aaexicaL 3 per Cent

Ditto for Account
Dn.
1864 —
_ _

Do 6 per Cont. Anglo-French .
4outevidean 6 per Cont. . —
%lowish Imperial 5 por Cent,
Vesv Granada —
Do 3 per Cen
Do. Deferred
Peruvian 5 per Cent. 1865

Do Account .. 781
Do 4} per Cent. (lh 'Jurren)
Do 4.4 per Cent.. 1862 .............

Do Account
Portnuose 3 per Ct., 1853, '6, 7, '9,'60,'2.'3
Do. do: 1867 —
Do. do. Scrip, £2O paid —
Russian 5 ~er Cent., 182 Z, £ St
Do 4} por Cent . 185 U
• . ,-..

Do 44 per Cent., 1860
Do 3 per Cont., 1859
Do 5 per Cent., 1864
Dividends on the above payable in Longo►.
Austr►sn o per Cent. Ex 1U Florint, ...
44 per evut., Ex. 25f.
Dutch i 1 perVenr, Ex. 12 Uuil,
Do. 4 per Cent. Certificates
Do. Account
French lientes, 3 per Co►►t., Ex •).:A„
Italian 5 per Cent. 1831, EL. zsf.
Do Account 55!
TWO O'CLOCK.
Jonso!s, Money (;3
Do. Account, May 6... ...... .......

THE QUJIITERLIES.


A brief summary of Mr. Ra.ssam's book on Abyssinia
opens an excellent and varied issue of the Quarterly
Review. The narrative of our Envoy is published at a
time when we are less exultant in our ten millions' worth
of glory than we were about twelve months ago ; and,
moreover, it raises one or two controversies which might
have been safely left to oblivion. But it is a simple and
interesting detail of an interesting chapter in British
diplomacy, and it is a description of life in the
East by one who can estimate Oriental peoples
with an impartial judgment. One thing particularly
noticeable in Mr. Rassana's book is his testimony in favour
of the Abyrsinian character. He often stops to bear
witness to the singular trustworthiness and fidelity of the
Abyssinians, both chiefs and people. Some of them, under
circumstances of great peril, undertook to carry his letters
and to bring large sums of money to him. The task
was always discharged with punctuality and honesty. In
some cases these services were entirely unrewarded. Mr.
Rassam, indeed, protests against the system of judging all
Eastern nations by the standard of a few unfayourable
specimens, and these, too, frequently seen by the light of
English prejudice. Amongst the wildest of Eastern
men Mr. Itassa,to has found virtues and good qualities,
provided they are treated with proper consideration. This
proper consideration" is, however, what they seldom meet
with from Englishmen. Our success in India depends largely
upon our casting off the insular and narrow preju-
dices which lead Englishmen to regard every dark-
tinged inhabitant of the world as a " nigger." Mr.
Rassam's book will repay perusal. For those who have
not the leisure for two volumes on Abyssinia, the summary
in the Quarterly will be useful. "Modern English Poets"
is a very fine article indeed, a subtle piece of criticism
which we can safely commend to our readers' enjoyment.
The style, too, is very elegant, and far beyond periodical
average. After this comes a paper based on Sir Charles
Lyell's great book on geology. his article will be found
tolerably plain even to those who are unacquainted
with the science. It states she case of the rival schools
of geologists ; one party holding that the present state of
the earth has been brought about by tremendous and
exceptional convulsions, the other regarding the various
changes in the earth's crust as the effect of the continuous
operation of natural causes. Sir Charles Lyell is the
leader of the latter section. He is now, likewise, a
follower of Mr. Darwin's theory of the origin of species.
Both these great hypotheses in natural science are well
explained in the Quarterly. The very marked rise of
Dante in popular esteem of late years renders a life of the
poet acceptable. This contribution is based on Mr.
Longfellow's translation of the Divine Comedy, but the
American poet's work receives very little attention. The
bp
iaopg
re r a
pi sh dye. v ost ed
of
atro,
raena
dleior
sn eosft , but
osomewhat
vrapturous
a "question of the day," but article sixth presents us with
that terrible pPee de resistance," Female Education." This
is a fairly comprehensive, but not very hopeful survey of the
ground. Toe writer does not put much faith in
the university for women, or any remedy of the kind. But
he or she coincides with the opinion which has been ex-
pressed in these columns, that, in order to improve the
education of, girls, a standardi of excellence is needed in
order to test the merits of their teachers. At present any
woman can become a schoolmistress much more easily than
any man can become a schoolmaster. All are alike. There
is no test by which the competent can be distinguished
from the inefficient save the costly and dangerous test
of actual trial. But if examinations or degrees were insti-
tuted for lady teachers, a standard of efficiency would be
established. A lady who had secured a diploma would
have a better chance of employment than she who had not.
The Quarterly Reviewer has much faith in a system
of certificates like those required of national school-
mistresses. Whether degree or certificate it matters
not, provided the requirements for the diploma embrace
the subjects most useful for the training of women. A
national schoolmistress cannot obtain her certificate unless
she shew skill in the art of teaching. This is another
important consideration. " Travels in Greece "is chiefly
a review of the Rev. H. F. Tozer's very superior book of
travels. Mr. Tozer has clearly gone through Greece with
an eye for modern as well as for classic facts. He looks
upon the monuments of civilisation's birth-place with the
veneration of an Oxford scholar,. but he takes great in-
terest in the people concerning whom England was so
enthusiastic forty years ago, but whom England now
finds so unclassic and troublesome—the modern
Greeks. Mr. Tozer investigates most minutely the ques-
tion as to whether the modern Greeks are the
countrymen of Pericles and Leonidas. The points of
resemblance are carefully estimated. The character of the
modern Greek is impartially stated. The book may serve as
a useful counterbalance just now when the Greek, who is
so anxious to acquire Crete, ranks very low indeed in
popular esteem. Altogether, Mr. Tozer's work is a
thoroughly enj, ,gable one, and so is the review. This does not
exhaust the list of good papers in the current issue of the
Quarterly. A spirited narrative of the " Religious Wars of
France" is followed by an article on the progress and aims of
moder'n medicine, written in untechnical language, and of
exceeding interest. I must leave this paper to be read
as a whole, but the following remarks on the use of
alcohol as a medicine are worth repeating :—" Because in
small amounts and in selected cases it (alcohol) is followed
by an increase in the vital functions, there is a tendency
to hope from these effects a pure gain of vital force, and
to lean on it alone. Experience does not justify that
hope ;_ it shews that while, up to the limit of aiding per-
verted digestion, alcohol is a decided restorative and pro-
moter of life, beyond that limit it actually arrests life in
a degree proportionate to the dose." What must be the
effect of a daily dose of this medicine? The Quarterly, of
course, finishes with "The Irish Church Bill,"