The Sun.
London, England, 1860-02-17 00:00:00

THIS DAY S SHIPPING.

•
LONDON, Feb. 17.—Wind this day at noon,
fresh, with tine weather.
ocl 1.139 OFF PLYMOUTH, Feb. 16.—Wind, N.E.—Arrit
Handy King, from Hamburg for Buenos Arm i°
SCILLY, Feb. 15.—Wind, N.E.—Sailed—Jano, for

Janeiro.
FALmorrn, Feb. 16.—Wind, N.E.—Sailed—The Ist,
Hands, for Singapore—The Cock of the Walk, for
Michael's. al/
OFF PENZANCE' Feb. 15.—Arrived—Jennette, from la
Mauritius for Itotterdam—Do Loto, from Savannah
Havre. fot

NEWPORT, Feb. 16.—Sailed—Queen of the Isle,
Grenada. IS
GAMMAS, Feb. IG.—Arrived—Circassian (8), from
York.
CnooKitaNEN, Feb. U.—Arrived—The Fortunate, hod
Callao. r,,to
CowEs, Feb. 17.—Arrived—Fulton (s), from New
Yi
and left for Havre.
CLYDE, Feb. 16.—Sailed—The Ideal, for Havana.

(By ELECTRIC TELEGRAPH.)
SOUT&IA&PTON, Friday Mort
Wind, N.E.
Arrived—Parana, steamer, from the West Indies; Toe+
Eglinton, steamer, from London; Dispatch, steamer;
JeSai lersey. e
_.„ort
d—Agenoria steamer, for Bilboa; Courier, st
for Jersey; Lady Eglinton, steamer, for Dublin. .0,
LIVEUPOOL, Friday 1%102111
Wind N. by E.
Arrived, Feb. 16—Corinthian, screw steamer, froiy, Aro r
Sailed, Feb. 16—Ariel, for Ceara ; Moolin, for i!Te01:1'
Edward Thompson, for Genoa ; Nichola Honrich: Io•
stantinople ; Cwmsynalog, for Antwerp.

(BY SUBMARINE AND BRITISH TELEGRAI
GRAVESEND Fiiiay o; ucii°
ruig
Wind, N.E. ; tide, nearly high water ; weather
DEAL, Friday

Wind N.E., Very strong.

. . .
ma....... SUN,
TIAt LONG
, __.... _._._.__,__._._._.........
inthe _______________,____ - ---.....--
£373 MONEY MARKET AND CITY NEWS. SILATIE .Sf4IIKET.-( VHS DAY.) PETTISH POSSESSIONS.
ensce, • Share; Closing lismineea 40ne
at I
Railways. paid. ,
e ex- - CITY, Two O'CLOCK. ORDINARY SHARES AND STOCKS. l Peet). !
Business in the Foreign and Colonial Produce ~, closing linelzani 100 Atlantic &St Lawrence f all 87 89
Railways. es•-• rrioe. Leased at 6 per cent..
Markets during the last few days has been mode- Share l!
llom.,Baroda&Cent.lnd /No 96 9, 7 mei
Ir)_ Stk
12.10 ittuuerg., Notting. Best. gu. 5 percent
rately active, notwithstanding the uncertainty pre-
-1 and Eastern Junction 10 61 61 • - - Do. Addit. Capital A - - -
veiling with respect to the changes proposed in the 50 !BelfaA and Ballymena.. all - - 18 Do. Do. 811 ;d 11.
13.14 'Bir., Wol., and Str. Val. all 8 se 201 Buffalo and L eke Huron all 41 48
-air. budget, and in most instances prices have shown Stock Birk.,La.,and Ch. June. 100 73 74 20e Do. New all - -
sham, more firmness. Tea has fully maintained its value, 25 Blackburn
25 IBiyth and Tyne all - - /00 f Buffalo,Brant&Godricb 1 10, _
im he but the dealings have not been extensive. In 10 IBost.Slefl& Mid. Coun all 66 7 (I 6 p. et. bds. 1 Anz., 1872 5
100 IDo. do. 1 July, 1873 100 ' - -
)licity sugars there has been a fair trade, particularly in stock
11;rietol anti Exeter
tocklealedon ian • ' • 100 93 04 941 1 4 100 Do, do. 1 June, 1874 100 - -
the finer qualities, which have been taken to some 10 !Carmarthen & Cardigan all - - 5 Clcutta.&S.Eastrn.Lim. 1. 30.
par i p
.u• had 50 Cork and Bandon 9 - - - 20 Cape,Eastrt.Prov.(Lim.) 2s. 1 - -
extent for home use. Coffee at public sale brought 20 Cork, Blkrock,&Passagt. all - - 20 Cape Town & Dock Scrip 3s. 14 1 .
6ce for2o Central Oude (Limited) 3s. Od -20 Cornwall all 6 64
y -
had full values ; and in rice, spices, and fruit the deal-
Do.. B
,Aintreves. no div.
10 Do. A 1 all - - ,20 Ceylon Guaranteed 6p.e 7l 1 1 d
171 Demerara - -
vished ings have been to a fair extent at slightly advanced 10 il6p.c.per an. au - -
20 Eastern Ilengal.gu.sp.c. 5 4d [ d
hasbeen pd.toß.
power quotations. Saltpetre has been quiet ; and tallow 50 Dublin andßeliastJunc. all - - Stock East Indian, zu. sp. c lOO 1001 1011 1011 4
ha I l
.. . _
s shown less buoyancy, prices having declined t:. 25 Dun.,Perth,&Abr.Junc all 71 8
toc'z East Anglian lOO 134 141 14 20 Do. F Shares Ext. 10 d p
20 I Do. Jubbulpore lO 1 d •1e
a with 100 57e 681 68 71 100 I Do. 44 p. e. Deben:rs all 100 1001
for both present and forward delivery. Stock Eastern Counties
lees in Stock Eastern Union A Stock 100 39 41
Sto.Stoe fk, Do. 5 p.c. Deb., 1861_ 1( 1 nos 101 l 1014
The Liverpool Cotton Market yesterday closed stook Do. do. B Stock 100 27 29 20 IGeelong& Melbourne .. :-. 20 21
Geelong Corporation 6 lOO - them
, I a rather dull appearance, and prices exhibited 25 Do.Nw.A.(lte.E.U3ds) 81 - --
withl per cent. Bondi
20 East Suffolk - -
In, and no change of importance. The sales were 7,000 10 Do . - - Stoca 'Grand Trunk of Canada 001 35 36 35
: s
Stook Edinburg and Glasgow. 100 804 814 100 Do. 6 per cent. 'ref. all 94 95
ir it at bales. In the Railway Share Market business stock I Edin.,Perth, & Dundee.' 100 29 294 100 IDo. 6 percent. Delaea:_ all 731 744 741 4 4
10 IForh
Furness & Clyde Junction all - -
100 I Do. 7 per cent. 1862 .... all SS 87
was moderately active, and quotations were steady. Stockt
100 - - 100 IDo. do. 1867...., all 76 73
1 100 Do. do. 1872 .... all 75 77
A small amount of gold-viz., £4,000-was stook Glasgow & south w-eetn. 100 100 102
Stook ,Gt.lndiaPenin.gua.sp.c. 100 98 984 981 1
with a 10 Great North of Scotland all - -
withdrawn from the Bank of England yesterday 20 jDo. New, gua.s per cent. 6 4d f d
e per- Stock Gnat Northern lOO 108 1084 1094
20 c 'Gt.Soutli. of Ind.Lim.- 1
for exportation. Stock Do. do. A Stool- lOO 97 98 97 f 110 11 fa
impos- Stock Do. do. B Stock lOO 133 135 ( guaratiteM 5 per cent
201 Gt. W. of Canada Shares all 124 124 12#
,ust be The Tamar, which leaves to-day for the I'Vest Stock Gt. South.& Wetn.(freld)' 100 112 114
Stock Great, Western llOO 09 691 654 8; II 20. Do. New
Lof the Indies, will take out £5,920, chiefly in silver. Stock Do.Str.Vl. Rail Gaa.Stk. 100 60 65 100 f Do. Bonds pay. 176• with 1 all 95 !GO
apt. till '6O
The Parana has been announced this morning 12 Irish South Eastern.... , all - -_ 100 Do. do. '73 till '6O
~, Stock Lancashire & Yorkshire 100 100 1004
,-Ax- with £93,257 from the West Indies. Stock London and Illackwall., 100 66 60 108 i Do. do. ''/3 without opt. all 95 1(0
xt, de-Stock Lon.,Brizliton &S.Coast 100 110 112 111 4 100 I Do. 55 p. c. do. '77 do
Increased easiness is now experienced in the Stock , Madras, guar., 41 p. c lOO 86 89
;elf an 25 Loud. Chat. and Dover' all 12 13
Stock IDo. do. 5 per cent. 100 961 97
general discount market, owing to a diminution in Stock London & North Westn, 100 99 991 901 i
lquence 124 Do. Eighths
re Mr. 1 the demand, and a return of confidence among Stock London& South-Westn lOO 921 in 93/
25 L'derry & Coleraine - - Stock Do. Third Ex. gua.s.p.o. 100 - -
20 , Do. Fourth do
tom he 1 capitalists, who are now disposed to negotiate good 25 L'derry & Enniskillen. all 8 10 20 BC ' do. - -
;army- commercial bills -4. per cent. under the Bank mini- Stock Man., shef., & Linooln.. 100 38 384 Stock 'Melte. Corp. 6 p.c. Bonds 100 -
50 Maryport and Carlisle . all 50 62 Newßrunswiek&Canda.
!wards, mum. Should affairs continue favourable, a de- 121 Do. do. 1 Shares.... all - - 20 Ry.&Land(Lim.)g.6pc .11 - -
ody, in cline in the value of accommodation is not 10 Metropolitan -
unlikely, Stock Midland lOO 1071 1081 1011 1 .. Do. do. Land d 0...
sans to but in the first instance an increase in the stock of Stock Do. Birminz. & Derby , 100 85 87 20 Do. do. B. Capital do. 1 1
i• strait, bullion will be desirable, and also a filling off in 2550
Dnoid..4Gsth.aV4esst.(lreland) all - .. Do. do. Land d 0... i al-' -
all - - 20 Oude (Limited) - -
4 ..;,1 all 191 101
• the other securities, which have lately shown a 25 Mid Kent , all - - - 20 Sciude
Now" 10 Do. (Cray Line) all - 20 Do. New le r 2! 15 1 d
20 Do. PunJaub
rs stOol rapid accumulation. 100 'Newcastle and Carlisle. all - - 20 Do. Indus. St. Flo et,‘:l' ) all 1 f
t wonld The drain of gold from the Bank of England, io Newry & Armagh (aet.l 9 - -
25 New., Aber., & Tiered, all 94 104
20 St. Andrews & Quebec A 18 - -
fy a re.. although considerably reduced, has net altogether 20 Newry, Warpt., & Rot. all - - 10 Trinidad(Limited) Scrip 1 1d Id
therm on Stock Norfolk lOO 57 59
ceased, but large quantities are now due from Aus- 50 North. Counties Union 34 31 la FOREIGN RAILWAYS.
Stock !North British lOO 611 624 611 1
trails, and when they arrive the demand upon the Stock:Nor.Dev.h,ail.&Dk.Stk lNor.Dev.Rail.&Dk. Stk lOO - _ 19 Antwerp & Rotterdam all 41 41
.he was 20 Ardennes all - -p
Stock IDo.AStk.-Arec.nodie. Do.A S tk.- Arec. no die.
•
flamer, bullion of that establishment may become even less untilBp.c.hasbeenpdß 100 - - 20 Bale&S.Fran.,Lim.7p.c. 7 j d par
gra now important than at present. The New York ex- Stock,Do. B Stock - - 5 ,Belgian East. Junction all 1 1
28 illeziers to G misses sac. . all - -
S foal North-Eastn.-Berwick 100 93 934 934
a. The change still shows an upward tendency, and small 25 I Do. do. G.N.E.Purchase '613 4 11 15 d d 6 ,Carmeaux Mine & Rail all 25 21
Wetzel'. StocklDo. Leeds lOO 465 (11/ 100 Copiabo - -
- remittances of gold are received in consequence. Stock: Do. York lOO 764 771 77 61 10 Ditto Extension .... all 1 1 d
ere wereloo 107 109 20 'Dutch Rhenish
further The official returns relating to trade and navi- Stock 'North North London
20 North Staffordshire._ 17; 31 35 d 20 , Eastern of France ...... all 24 25e
gation for the 12 months ending the 31st of Decem- 10 No. & Sou. W. Junction all 9 91 20 ;Euphrates Valley 2a. - - p
20 ,Grand Rim. Guar .5 p.c 6 - -
could be bar, 1859, have just been published. From these Stock Oxford, Wor.,& Wolver. 100 35 36
10 Peebles all 71 85 20 'Great Central of France all - -
ing if he it appears that the total declared value of the ex- 20 Portsmouth
10 Rhymney lO - - 20 Italian Junction .."... all - -
ports from the United Kingdom amounted to Stock Scottish Central - -
20 Lierre and Turnhout... all - -
X 130,440,4271 against £116,608,756 in the like StocklScoth. N. E., Aber. Stock i 100 274 28 28 Lombardo Venetian.... 10 14 1/p
.St.)* Do. Scottish Mid. Stock' 100 84 86
period of 1858, showing an increase of X 13,821,671. stockishropshire Union lOO 47 49 20 Lyons and Geneva .... all - -
10 'Sitt'nobourne Lib Sheer all 4 3 d 334 ,Maria Antonia all - -
who The increase is most nerceptible in beer and ale. Stock IS' outiln)evon lO ;Do. do. New - -
lad,. 100 42 14
- 20 Namur and Liege all' 8 84 81
me timeo - Coals and culm, cotton manufactures, haberdashery Stock ,'South-Ezte tern lOO 874 58 UI # #
Stock,South Wales
brought and millinery, hardware and cutlery, linen menu- Stock;SouthYorks.&Riv.Dun lOO 70 72 16 Northern of France.... all 36 361
20 Do. New Shares - - p
lie. 6d./ factures, railway iron, silk manufactures, woollen 20 :Staines, Wok., & Wok..! all 6 8 10 Norwegian Trunk Pref all 9 10
25 IStockton & Darlington.. all .371 38 20 Part s4,Lyons, and Medit all 341 351
alesnien, 25 Do, do.
manufactures, and woollen and worsted yarn. 20 Paris and Orleans ...... all 53 35 '
- Stockton & Hartlepool It3l - -
The importations of the principal articles were Stock 'fatl' Vale - - 20 I Recife& S. Fran. (Fern.) )
are was*a. 7p. et. (Lim.) ... jl3 11 Id
20 !Riga and Dunabure. 10 - -
the shop, larger as regards live animals, coffee, raw cotton Stock!Do. Preference, No. 1 - -
, 25 ThamesHavenDk&Rail 22 - - ..
inch coat quicksilver, raw silk, timber, wine, and sheep and 50 Ulster - -
25 Do. 2O 25 31 p 20 Royal Danish all 13 15 i
.e bell all lambs' wool. There was a diminution in cocoa, 12 10 Do. ll id 1 p 5 Royal Swedish - -
4 Do. 7 per cent. Pref. - - 4
s robbery wheat, hides, provisions, rice, rum, sugar, tallow, Stock Vale of Neath lOO 60 42 20 Sambre and Meuse..... all 51 6 I
ring Tie- and tobacco; Stock Waterford & Kilkenny 110 Victoria. Station & Pim ss 104 ii
00 - - 10 De. 54 per cent. Prat'. - all 8/ 94
20 Southern of France .... all 19 2')
as stolen. i 50 Waterford & Limerick all - -
The shipping accounts exhibit an increase in the 20 West Cornwall . all Of 61 81 West Flanders
e isoner 10 Do. 51 p. c. Preference
pr 20 West London all - - • & N .W. of France.. all 22 2:1
and run- amount of tonnage employed in the foreign trade of 10 Do, Ist Class all - - 20 W. I
20 Western of Austria .. . 6 - -
naer and , the United Kingdom of 273,417 tons for the entries 20 Do. 2d Class all -- - 20 Western of Switzerland all - - 1
6d. and inwards, and of 305,919 tons for the clearances out- 6 Wiesbaden all - - 1
, PREFERENCE SHARES. 6 Do 8 per cent. Pref.... all - - 1
stolen. . wards. 20 Zealand all - -
t because 1 Closing Busbies' . (
In the coasting trade 821,261 tons more were Share' Railways. i Paid.j Price. ]
sentence Done.
employed than in the previous year for the entries
dead, and
inwards, and 648,480 for the clearances outwards. 25 Blythe and Tyne lt per - Can.Gov.6p.e J a.az July 100 113 115 C
o. pref. (issued at £5O all - - - Do. 6 p.c.leb.&Aug. 100 109 111 y
::er of the . A better feeling has been apparent to-day in the i Stk Brie. & Exet.4p.ct.Stock 100 95 97 - Do. 6 p.e.Mr. az Sep. 100 112 114 t
20 Do do. do. Shares l4 - - - Do. 6 per cent. 1879 100 - - 11111
tied to go market for public securities, which may be partly lock Caledn elO, 41 per cent 100 102 104 - Do. 6 per cent. 1878 100 - -
attributed to the statements made in reference to 12.10 Do. Quar. Shares, No. 2. all - --- N.B.Gov.Gp.c. Ja. &July 10C 109 110 :
61 Cork & Bandon, 54 p. c. all - - - Do. 6p.c.Ap. & Oct. 100 - -
ing Irish Savoy. It is now intimated that Louis Napoleon will 20 Cornwall, 5 per cent. - -
&11, Dun. Perthak Aber.Jun all 54 6 - N. S.W. Gov. sp. C. Deb. 106 99 100 C
La got *l9 not insist on the cession of that territory, and that Stoc E.Angn. Class A/ & spc 100 99 101 - D0.5p.cen.1871 to 1976 100 •99 100 991 ill
- Do.sp.cen.lBBB and up 100 99 100 t
a
id he was the prospect of a collision no longer exists. Consols Stock Do. do. Class B 6 pc lOO 112 116 - NovaScoliaGov.6 p.c. Si.
StockjDo. do. Class C 7 pet.., 100 105 107 Deb. redeemable, 1875. 100 108 10) v
are about 941 1 for money, and 94,-t- 1 for the ac- Stook E. Coun. Ex. s pct. N.l, 100 114 116 - S.Aus.GL6pc.Jan&July 100 199 11l
Stock!Do. do No.2' 100 113 115
• count, showing an advance of 1 per cent. The Stock I Do. New 6 per ct. Stock 100 128 131 121 ... Vict•Gov.op.c.Jan&July 100 - 1
stock; Eastern Union, 4 per ct.l 100 82 84 - Do. do. April & Oct. 100 110 111 111 o
'a sister. New Three per Cents. and the Reduced are firm
Stock Edin.&Glas. spc shares) 100 111 113
MISCELLANEOUS.
the boy g at 94! 95; India New Loan has improved to 103! Stock, Do. 4 p.c. gua. S. &DH 100 90 92 t,
Stock 1 Edin. Perth,& Dun. 4 , 100 771 781 10 Anglo-Mexican Mint .. all 114 15 4
f; ditto 5 per Cent. Enfaced Paper is flat at 97 ; Stock Furness, 5 per cent ..Pe. • ! 1°() - -
~spc.; 100 116 118 1000 Atlantic Tel. (Limited). all 1130 170 t
ing of 010 Stock Glas. &S West.: •
ILO replied, and the Debentures are steady at 971 1. Exchequer
StocklGreat Northern, sp. et.' 100 120 122 25 ;Australian Agricultural 19 132 23 321 2 d
Bills remain at 235. to 265. prem. Stock .Do. spc Redm.,lop.c.ptel 10 'Australian Royal Mail. all 1 - - 1
Stock , Do. 44 ix e. do. do.
100 106 108 106 10 ?Berlin Water Works - all 1 41 51 t
tr nephew Only a very limited business is recorded in 60 'British American Land 4G ' - -
100 , Do.sp.c. Redm.,s pc. pm. 80 87 89
10 ;Gt. Nh. of Sootld, ls tf.so Brit.& Irish Mag.Tel.A. all i3B 40 I
Ca. If'''' ' Foreign Securities, and prices are firm. Turkish2o Do. B, 7p. c. till 1862.. all ,I 20 22
labour. Gt. Sn.& W (Ireland)4 )
100 20 Do, C
96 981
6 per Cents. are 79 to 791 ; ditto New, 661 to 661; Stock p. ct. pref. Stock - 100 Canada Laud. 321 1120 125 l
, she its"
and the 4 per Cents. remain at 102. Spanish De- 60 Great West. (Berke and 10 Chan.lslands Tel.(Lim.) all 8 9 c
poor deer Hants) Ext. 5 p.ct.. !) - - Stook Cop.Min.ofieng.&Smltg all - - 1
ferred have improved to 34. Dutch 21 per Cents. Stock Do.all - -
Redeemable, 41 pet.. 100 97 22 25 Do. Preference 71 per ot all 234 244
Stock j Do. Redeemable, 4p. et. 100 87 89 Stock Crystal Palace - 30 ,
are heavy, at 66. Stock , 1)o. Irredeemable, d 0... 100 84 91
2
prem.; the Universal ditto, 1 I prem.; the London 8 Do. Birm. Pref. Shares 11 edeem.Pref. 100 100 102
10 (It. W. Ches. 8 p.c.pf.eh.
alllo 1.01 Stock. Electric Telegraph lOO 106 106 1
all 17 18 5 I Do. Preference al 5Ai
The Ocean Marine Insurance shares are 2k Stock I Do. sp. ct. stock !Do. 6p. c. Perpet. Deb lOO 1011 103 104
25 Do. New
15 par 2 p
1
e
10 Do. do. sp. ct. pref all let 10/ 5 English & Aust. Copper all 21 21 :21 ]
and Provincial ditto, Ito i prem. ; and the Cana- Stock Do. Birming. guar. stock 100 75 77 15 Gen. Steam Navigation. 14 - -
with Ear, dian Loan is 1i 21 prem. 26i Do. Chester guar.shares all 20 21 1 Great Ship (Limited).. all 4 1 a
For 100' 131 Do. do. do - - r
or quarto In the Railway Share Market there is little 20 Do. do. do.
Stock Lan. & York 6 p.c. stock 100 139 141 20 'London Discount 5 11 1 d r
1 clearatto change of importance, the transactions having been Stock Do.Barnsl.Stes3Bloepa 100 - - 4 Lond.Gen. Omnibus Co all 14 14
extremely limited. Caledonian, Midland, North Stock Do. 6 per c. (E. Lan) . 100 - -
StocklLon.&Brig.spc.gu. N0.i20 Madras Irr. and Canal 1 14 21 24 3
Or foreitli 100 116 118 1174
___
-NNLooitdrrttyliii
10 Mediter. Electric Teleg. all - -
high pre British, and South-Eastern have improved ss. Stock I Do. ,sp. c No. 2 100 116 118 10 Med. Exten. Tel. (Lim.) all 3 4
Stock Do. a 6 ct
The Foreign and Colonial undertakings also show
..,:f Stock nn, gua.,
5" p. c. . No. 4 100 116 118 10 Netherlands Land all - -
ad boo* very little alteration. Lombardo-Venetian have Stock Do. Do. 45 per cent lOO - - 103
5 Do. do. 41 per c. shares 1 - - 6 o 8 p.c.Pref. ,iss.at Idle. all 4 1
100 ./tr.&NovaScotiaLand 80 - -
rted. delined to 111. Paris and Lyons realised 351; Stock,Do. 7 leer eeet Pref. St. 100 153 157 1 .11. Australasian (Lire.) all 4 4
sere ratbst •
East Indian, 1011 1011 ; Great Indian Stock;Do.6 p.e.do.(W.E.&C.P.) 100 133 136
Peninsula, StocklDo.4 p.c S.(div.dettiF6s)l 100 66 68 1 riental Gas
1 Do. New Shares all t 1
, 15s. ,4 d par
Is were ill 98,1 981; Grand Trunk of Canada, 35 ; and Great 25 Lond. Chat. and Dover I all 21 22 10 Orientl. In. Steam, A ; 6 - - i
Stock Bon.& N. W.Cov.&Nun- 10 Ditto B I 6 - -
Western of Canada, 12;:•. eaton, sp. et. - -
lour col'
Joint Stock Bank and Miscellaneous Shares stock Lon. &S.W, 7 p.ct. stock. 100 - -
1.2 i Londondy & Cole, 4 she. all - - Stock Peel River Lai d & Min.' 100 9 52
50 Pen. & Oriental Stearc.' all 78 80
continued in steady request at about previous 124 Londondy.& Ennis 1 sh. all - - 50 o. New l5 12 14
Stock Wan. Sh & Lin., 6p. ct. 100 124 127
FIIIIIW. rates. London Joint Stock advanced ss. ; Bank of 6 Do. i 6 " 44 1 f 20 Red Sea & Ind. Telegr l5 1 4 P 151
50 Rhymney Iron
Stock Do. 31 per cent.
1,9211 Australasia declined £1 ; and Ottoman Bank, 53.• 15 Do. New all 65 7
, 10 Dc. redeem. 6 per cent. 5 4 1 e
' stlooo7 i x
rc oil:
:ty
n.
ilAa
iru
iesmnt
ern
~
Teleg.l nv (La 1
Scrip,m ) i
.....100 Royal Mail Steam 6O 52 53 52
..- eks, Australian Agricultural shares have advanced 121 ltaryport & Car.. 4 p.c. all - -
Do. 44 per cent... .... all - -
125 { 25 oath Australian Land. all 35 36
..... WO. &boat ss. no. - -
Stock Ind. Con. 6p. c. Stock 100 - -
......_-- 1 Do. do Registered
Stock Do.Con.Brie.&Bir.6p.ct.. 100 139 141
J. 10 r..11T.n.C0.0t Upr. Cali. 5 - -.
• DUDISH FINDS THIS DAY AT ONI ',nos'. stock Do. 41 p. c. pref. stock.. 100 102 103
231 6 Do. with option till 1860 3 1 4 p 121
that estate lank Stock
ROWS :-.• ' •
1 3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
941 f 10 1 Newport,Aber,&c.pret.s 1 all 10 101
p. c. redeem, at 5 p.c.n m 9 _____ BRITISH MINES.
- - --
4. -•a. 4, .. New 3 per Cent. Annuities
4to s g- Long Annuities, expire sth Jan., 1860 - option till IRBS
12 10 D0., till 1869
3to 4 ' Ditto for 30 Years, expire sth April, 1885 17i 74 par 41)
Stock Nerflk 5 p.c. Ex.Stk,lBle 10e - - - Alfred Consols (Philack) 2.11.10' 31 41
4t04 4i ' India Stock -
Stock Do. 55 p. c. Pref. do. 1847 100 - - 20 British Iron
6to 6 • Ditto 5 per Cent.
Stock D 0.5 WavVal.Ex.Sk 1847 100 - Clifford - 330 340
4te 6 4 . Ditto Enfaeed Paper, 4 per cent
Ditto 5 per Cent. -
971 Stock North British, spercent 100 111 113
Stock Do. New, ena. 5 percent 100 109 111 - Devon G. Cons. (T .
.vast) 1 440 450
- East Bassett (Mogan). 30 136 135 1
Ditto Debentures, 1858 - - - East Caradon
Ditto, 1859
derable rf' Dith Bonds, £l,ooo
17 Do. do. do. 4 13.4. 1 # d - Gam.&St. Aubyn(Gwen. I 541 55 57
12011a8011114
.'1
12011 130
- Great South Tolg•us... 17a 141 141
flatilo6B ° Console for Account (March)
20 Do. Leeds, 6p. c. No. 1. 13 - - - G.WhealAlfd.(Phillaci; 12.4.2 14 lf 2
almost S°' 1 xehaquer Bills, Xl,OOO, 10 23 6 121 Do. do. Quartere,lB46 - 9 - - -G. Wheal Vor(Helston) 9,1 • • (
Bw
h Grenville
,erratenhae
cal
MIMI OF FORIIIIIX FINDS AT OWN 11111LOIX.- Herod's-Foot B4 27 29
ez MU Barelinian, 5 per Cent. - 20 North Staffordshire.... a
25 ''eo. York, H.& S. Parch. 10
11
231
2/4d
- Hingston Downs 4.1.6 4 44
'a - Ditto Account
- liar.-
se,
Croft
01 lfot „; a. n. 1 17.61.90.6:
851
961: 64
u(.ns.
n(t.
s(
y..1t.18.
L.l c
lot.
e.g. e
eiz.aiynrt)t.)). (
,aret (tiny Lelant). 91 49 51 1
911 Spanish 3 per Cent - Ssttooeckk (Dbco..wßre.d&eemw.o,l2.d6pguc.al.s.t.g. 100 124 126
Stock Do. Irredeem., 2,1 gua. 100 117 1243
- ,North Downs
Date Deferred 3 per Cent. -
, ,
,1- ".
. .
.6 NSPI,
:re.
Stray
hour
avt
Providence
do:ieni
:na Bassetsr
regakel
da
o(.
Ditto Account
- _
au of iiir Turkish 6 per Cent. ' - Stock Scottish North-Eastern 1
1805 SitehoYttmisnheYCeGnturaarla,
Stock 31 per c. pref. stock.... 100 76 78
nn
et ewe dp .. _
aamilll _
- ssoialeCa C.
Fran.B r e a (
(II hooggaann). )
1 unaltalr; Ditto Ancount
P ani w' Ditto New Loan - Stiocosk.
soDuoth. 7Dpe.vco.nr
Aenf.ns.tiocosk.. 100
all- Sortridge Cons. Mite Co. 10s
ihe rem Ditto Account
ramminarinTlvceor.a..n.d. . L..e.a.d. II:8,4511:4i: 242551225: :256°625:3 4$
=1
,S
• has sir" Ditto Guaranteed, 4 per Cent.
11 131014
10 Do. Fixed 44 percent. all - -
18.128.9 17524 185: (
. Ditto Account
all 24 241
10 Tin Cr0ft............. I 9 4 5e
Red for 4131 Dividends on the above payable in London. Ann., 1 0 6)
reset (11 ) . 44
19 2/
Stock Do .44 per cent lOO 101 103
- W. Caradon (Li (skCeararnid)).‘
sorts weh- Ditch Exchange, 12 Guil. 21 per Cent... 66 Stock Do.nxed4lp.e.lstis. 100 101 103 I
TWO O'CLOCK. Stock South Wales, gua. 4 p.c. 100 92 94(
e lallail/0 Stock Do. 41 per cent lOO 101 103
Consols, Money 941 lof1of _owe/ 12106'
Stock S.-Yorkshire, 4 p.c. gua. 100 85 88 81
I has bolt . Ditto Account (March 8) - -
Westll, i
ogan ..
81 83 ]
3fion of sal' 25 Do. B 6 per cent .... all :33 34 - West Seton ..
471 405 415
25 Do. C 6 per cent all '32 33 - Wheal Basset(l.l.lodainj.
er cwt. , , Stock Watrfd & Kilkny, Op.c lOO 50 55 - Wheal Buller (Redruth) 51 176 180
importallr- EASTERN COUNTIES RAILWAY DIVIDEND.--1. he - Wheal Edward (Cals.).. 5 100 105 I
directors of this company yesterday declared a dividend of - Wheal Kittv(U. Lelant) 1 6 14
li
01* .
LINES LEASED AT FIXED RENTALS.. 7.2 14 15
prices 6s. 9d. per share for the half-year, carrying forward about - wh'l Mary Ann (Meshe), 8 30 12
sow eno'-4 . xs,ooo. ---- 1
' L I ... 4%1 Trelawney (Lick.) 44 ii ---
_______ 3l
•
•
in, 53s l"" We have much pleasure in announcing that Wm. Railways. 1 p.m. easing , Closing, Beakless FOREIGN MINES •
,
Hickman, Esq., will be Secretary to Admiral Bruce, the , "'"'" Co.'s. Price. ' Done.
, 1
____________
2W Australian . 7l i 1 #
new Commander-in-Chief at Portsmouth.-.eirmy and Bedford and Bletehley
all La& N. W: .. .. 1 Bon Accordeopper,Lim. 15s ' i 6 -
Navy Gazette. Buckinghamshire .... 100 Ln & N.w 99 101' 35 Brazil. Imp. (is. at Esp.) elk _ Par •
Chester, Holyhead.. 100 Do. ! 50; 51 31
REGISTRATION OF LETTERS FOR NEW ZEALAND. Do. do. 5; p. et .... 100 Do 2124 ,241 5 Do. Laud and Mining Co. all
N•lb Do. do. sp. ct. !Clarendon - -
en, • -On the Ist March next, and thenceforward, a letter or aIOO Do .
ClydesdaleJ unctlo, - - d
100 Caledonin 'lO3 ins
packet of printed papers, addressed to New Zealand, may Colchester, Stour n•
• 40 Cobra Copper a j 46 48
rived It° bethe application of the person postino, i
-t, E.Lincoln
registered, on shire,g.6p.o. 100 Gt.North.ll4o 142 - Copiapo l6 7 8
1. gio provided the postage, together with a registration fee 0(6d., E Union,}larwichShs. all E C '1 .. °nuts., 444 1 DunMoun.Cop.Mine.;.Co all
no, for fr- be paid in advance.-By command of the Postmaster- , Do. Woodbridge . . 100 1
Gle.Barr.&Neile Drc't I - - 2 Fortuua
all 24 251
20 General
General, ROWLAND HILL, Sec General Post-office,
Do. New ' , • 100 Caledonln! - - 2 Gt. N. Cop. of S. Austr I 1 d
$ll/0 ; Feb. 17. 100 ,Do
Gloster& Dean Forest! all ` • :
-The -00 , Gt. West. - - 3 Linares all 101 11
lk, for DEATH OF THE BISHOP OF ROCHESTER.- 'lre Flartlpool.Dek.&ltaile all
Hull and Selby
Yk.N& Br - - 5 Lusitanian
1 3lariquit a 2 ld la
all , 4
~ „, $lll4 regret to announce the death of the Bishop of Rochester,
Do. 1 Shares , A k.N.D1d.411 113
, all Do. ...... 1 - 1 N.RhineCop.of S.Aus.L les.l Id p
t uo- go which occurred shortly after eight o'clock last evening, at Do. i Shares sll Do. . ... 20 Pontgibaud Silver, Lead
'lonia' his town residence in Chester-square. The Protracted ill- LaricArCarl.gua.s P.C , 100 .Ln&k,W 2-0-8 212 Mining* and Smelt.... all 4 5
01 hess of the Bishop had prepared the family for the event. London&Greenwich
Since his return to town from Danbury Palace he has con- Do. Preference
;Do. .. . ... 1115 120 5 Port Philip 1 i 1
1 Scottish Attstraln. (L.)... 106 1 d 5 p
B Isle, Lon Tilby.&Soutend.• 100 'Pet° 5i I 28.2.81 United Mexican
tinued gradually to sink, and at last died from sheer ex- •'•
4 t ' 100 IN ' Co- 93 95
Lowestoft, gua. p. c ~ 1...0rt01k . - _
$Oll ' haustion. The deceased prelate, George Murray, was
Do. 6 per ten' , 100 I Do. •„. , _ _ JOINT-STOCK BANKS.
from eldest surviving on of Lord George Murray, second son of Manc.,Buxtn.& Matk ' all LN i5,&:11j el 3
keel the third Duke of Athol!, hewas born the 12th of January, Mid. Bradford Prefer- I closing I Business
,
(mats,'" 1784, and was the oldest member of the Episcopal Bench. once Stook
- - Price. I Does.
itoOf Ho was educated at Christ Church, Oxford, at which Uni- Newmarkt.,Burylex 1 ,5. 5.0. E.Counts 1
I P I
New - versity he graduated B.A. in 1806, sad M, 4, in 1810. On guarantt al SP. c. ,
c ' all Do. Nortliniz, Eastn. sp.
hie consecration as Bishop of Sodor and Man, in 1814, ke Do. do. 6 per cent.... all Do. - 40 Australasia all 79 81 TO
rens* was made a D.D. In 1627 he was translate•l to the See of Do. Fixed 5 per cent. all Do.
Rochester, which he has held for 33 years. He married Oil North Western 1 all Midland . 144 15 100 Pank of London 5O 51 52
the 9th of May, 1811, Lady Sarah Hay Drummond, second Laz NW ) 40 Brit. Col. Bk. & LoanCo all - -
Preston and Wyss). 1 , all & Lyk. i - - 30 'British North American all -- -
$10111114: daughter of Robert, ninth Earl of Kinnoul, by whom ho
leaves a large family. Do. 1 Shares A.I all Do. - -
Roystn,Hiteli. Ar. Slwp, 100 Gt. North. 135 137 20 Chtd. blank of-India, Ac all 204 21
25 CleMer.of In. Lon.&Ch all 31 33
100 City 6O as 66 (51
dies; foto THE METROPOLITAN RAILWAY.-Considerable Slir,wabr • ' T B ' 104 106
y& Hereford 100 ras.,:y
slue, progress has been made during the last few days in the Do. Do. 1 ; •••• !I i P 100 Colonial !25 39 40 30# 0
Of , excavations for the formation of the above underground South Staffordshire..' all M'Clean .1 101 11 20.11 Corn. Bank of Canada all
100 Commercial - -
tes° Wilts and Somerset.- 100 at. West '9O 92 of Landon.,
or, s railway, upon the execution of which several hundred men2oCh.' 20 191 201
!Eng Scot., & Alta all 1 5
Wimbledon& Croydn.;. all _ L.&Brgtu, 74 8i 6 16
are employed. In the Euston-road the whole length of 20 Gen 'Bk. of Switzerland all -
L. ~,,,Z.
14,10r121" ground in front of Euston-square has been dug up for the 20 Lon 'I- Ilk .a, air. adAuetral.f all 221 221 221
DOCKS. 50
swill': erection of the sewer, in doing which they have proceeded _
frow.,oli to the depth of about 20 feet, and have sunk the sewer in .., - I------I
Paid , Closing Business 1,‘,„ ,London Joint Stook ... 10 - - 314
iou'o' London & Westminster., 20 -
Ll' 0' r co a good clayey soil. At the commencement of the line, 'nitre Docks.
for near the Great Western Railway Hotel, a long line of
,Net. Prov. of England.' 35 -
iDo. new -
h;I 10 - -
________
the road has been excavated to a considerable depth, fortu- ; ' 50 National Bank I ss - -
Stock Commercial lOO 20
-
nately without any particular obstruction from land s ' New South Wales I all - -..
1 st.) ~.t's springs. At King's cross, both up the York-road and stock :1-?o 4 perCent.Pret . Min. 100 - 25 Orient .13k, Car or ation
P all 40 41 41
Slorlw' df, . facing the terminus of the Great Northern Railway a large reek !East and West India... 100
Stock 'London lOO -
- 20 ottoman Bank
100 ! all 19 20 15F.1
Provincial of Ireland . ' 25
her cl"l' extent of ground has been removed. At the lattel spot Stock'St. Katharine lOO - 10 Do. New •I
all "
Ilioraslif. this_ week a large area of the King's-road has been enclosed Stock Southampton lOO - 25 South Australia 1 _
all - --
and a new shaft is b • . being sunk at this part of the line, it stookNactorte
80N, Do aia,,,,,, •• ''" '" -. .• - • ...a. la 1102 104 103 25 ;Union of Australia all - -
being intended to erect one of the stations. %, ,_ -•• ...,•sesem...: 2 - 50 Union of London l2 275 24
1 nclik Vaal' Mutual 6O = ......

Share) Railways. Paid. Closing Sualaess
trios.
12.10 .ittuuerg., Notting,. Bost.
1 and Eastern Junction 10 64 64 •
50 !BeURA and Ballymena all
13.14 'Bin, Wol., and Str. Val all 8 85
Stock Birk.,La., and Ch. June 100 73 74
25 Blackburn
25 IBiyth and Tyne all
10 I Bost.Slefl& Mid. Conn all 64 7
Stocklßristol and Exeter
Stock !Caledonian
10 'Carmarthen & Cardigan all
50 Cork and Bandon 9 - -
20 Cork, Blkrock,&Passage all
20 Cornwall all 6 64
10 Do. A A roves. no div all _
10
Do. B until6p.c.per an. {all
hasbeen pd.toß.
50 Dublin andßeliastJunc. all —
25 Dun.,Perth,&Abr.Junf, all 74 8
Stoez East Anglian lOO 134 145 14
Stock Eastern Counties lOO 574 585 68 71
Stock Eastern Union A Sto,-.;kl 100 39 41
Stock Do. do. B Stock 100 27 29
25 Do.Nw.A.(lte.E.U3ds) 84
20 East Suffolk
10 Do .
Stook Edinburg and Glasgowi 100 804 814
Stock I Edin.,Perth, & Dundee.' 100 29 294
10 Forth & Clyde Junction' all
Stock Furness
Stook Glasgow & South Westn lOO 100 102
10 Great North of Scotland all
Stock Great Northern lOO 108 1085 1081
Stock Do. do. A Stool- lOO 97 98 87
Stock Do. do. B Stock lOO 133 135
Stock Gt. South.& Wstn.(lreld) 100 112 114
Stock Great, Western 1 100 60 694 684 494
Stock Do.Str.Vl. Rail Gua.Stk lOO 60 65
12 Irish South Eastern , all
Stock Lancashire & Yorkshire, 100 190 1004
Stock London and Blackwall., 100 66 6$
Stock Lon.,Brizliton &S.Coastl 100 110 112 111 4
25 Lond. Chat. and Doverl all 12 13
Stock London & North Westnk 100 99 995 995 4
124 Do. Eighths
Stock London& South-Westn lOO 921 934 10.1
25 L'derry & Coleraine
25 I,'derry & Enniskillen all 8 10
Stock Man., Shef., ez Linooln lOO 38 384
50 Maryport and Carlisle
124 Do. do. i Shares all --
10 Metropolitan
Stock Midland lOO 1071 1084 1014 f
Stock Do. Birming. & Derby., 100 95 97
50 Mid. Gt. vi est.(lreland) all
25 Do. 4 Shares all
25 Mid Kent all
10 Do. (Cray Line) all
100 'Newcastle and Carlisle all
25 New., Aber., & ITeretel, all 94 104
10 Newry & Armagh (aet.) 9
20 Newry, Warpt., & tios all
Stock Norfolk lOO 57 59
50 North. Counties Union 34 34 3 d
Stock !North British lOO 611 625 91# f
Stock I Nor. Dev. Rail.Az Dk. Stk lOO
Stock I Do.A S tk.— Arec. no dlv
until 6p.c.hasbeenpdß 100
Stock ,Do. B Stock
StocklNorth-Eastn.—Berwick 100 93 935 934
25 I Do. do. G.N.E.Purchase '613 4 11 1# d d
Of
Stock I Do. Leeds lOO 464
Stock:Do. York lOO 761 774 77 61
Stock' North London lOO 107 100
20 North Staffordshire— 175 31 34 d
10 No. & Sou. W. Junction all 9 94
Stock 'Oxford, Wor.,& Wolver lOO 35 36
10 Peebles all 74 84
20 Portsmouth
10 Rhymney lO
Stock 'Scottish Central
Stock I Scoth. N. E., Aber. Stock' 100 274 28
Stock' Do. Scottish Mid. Stock' 100 84 86
Stock Shropshire Union lOO 47 49
10 ISitthntourne & Sheer all 4 3d
Stock ISouth Devon lOO 42 44
Stock ;South-Eastern lOO 875 88 Uf * 1
Stock ;South Wales
Stock ;SotithYorks.&ltiv.Dun lOO 70 72
20 !Staines, Wok., & Wok ' all 6 8
25 I Stockton & Darlington all 375 38
25 Do. do.
Stockton & llartlepool 16f
Stockl Tail' Vale
Stock!Do. Preference, No. 1
25 ThamesHavenDk&Rail 22
50 Ulster
25 Do. 2O 24 34 p
12 10 Do. l4
60 5 d 5 p
Stock Vale of Neath lO9 62
10 Victoria Station & Pim 91 toi 11
Stock Waterford & Kilkenny 100
50 Waterford & Limerick all
20 West Cornwall
20 West London all
10 Do. Ist Class all
20 Do. 2d Class

PREFERENCE SHARKS.
1 1 Closing Busbies'
Share!
1 Railways. 1 Paid.j Price.
Done.

•
•
_
z

THI SUN, EVENIiNIG, FEBIthARY 17, It6O.

The following letter has been addressed by the
Chancellor of the Exchequer to Mr. Glyn, M.P.:—
Downing-street, Feb. 16, 1860. -
My dear Mr. Glyn,--I think the suggestion which you
have conveyed to me that contract notes, like receipts
under 40e., should be exempt from stamp is a very good
one ; and it likewise seems clear that the law should be so
altered as to permit the transactions which are known as
Time-bargains.
I will avail myself of this opportunity to mention certain
points chiefly, though not exclusively, with respect to such
of the resolutions now before the House of Commons as im-
pose what I may call collectively, for convenience, the new
penny charges.
1. These resolutions differ broadly from those which re-
late to the imposition or removal of Customs duty with re-
spect to the time when they take effect. For immediate
practical purposes the former have the force of law when
the resolution itself has been adopted. The latter will have
no effect whatever until bills shall have been brought in,
shall have passed through all their changes, and shall have
received the Royal assent.
Indeed, as most of these changes will be laid in the form
of stamp duties, a further interval for the preparation of
stamps, and for various executory arrangements, will in
general be required,
Even the preliminary resolutions themselves cannot be
proposed until the greater questions of Customs and Excise
shall have been submitted to the judgment of the House of
Commons. In this part, therefore, of the subject there is
ample time for the consideration of details.

2. It is likewise important to recollect that, from their
nature, all those resolutions which contemplate increased or
new charges cannot in general fully explain the measures
of which they are to be the basis. The salutary rules of
the House of Commons require that for the greater security
of the subject, all new taxes shall first be submitted, not in
the shape of bills, which admit of clear and full detail, but
in the shape of resolutions, which are intended to state the
general outline only.

Unless this be borne in mind, such resolutions must of
nceessity create uneasiness, as they cannot set forth the ex-
emptions or tho modifications with which the application
of the general principle is usually accompanied. The place
for the consideration of all these is the subsequent commit-
tee on the bill. It is, on the other hand, necessary that the
resolutions uhould be drawn so largely as to include every-
thing which might come within their range; for by the
rules of Parliament, as you well know, charge may be
limited, but csnnot be increased or extended in the discus-
sions on the bill.

S. I have no doubt that in the adjustment of these penny
and minor charges we shall find many details requiring
consideration. ♦t the present moment the course most
favourable to the progress of public business would be that
those gentlemen who are immediately concerned, should, if
they think fit, make known to me, in writing, the modifi-
cations which they may think most necessary, and should
set forth whatever they may think the extreme cases in
which the application of the general rule would be produc-
tive of inconvenience to trade.
I should thus be enabled to bring together the results of
much general experience, and should be prepared to enter
advantageously into personal examinations a little later.
4. With respect, however, to one or two of the measures
I may mention the general rule by which the Government
intend to be guided.

(a) As respects the registration due of one penny upon
imports and exports, I compute that its average amount
will be about one shilling and tsnpence upon the hun
dred pounds, while it will be levied off the ships' papers.
In particular cases it will be lower and in some others
higher ; but speaking generally I should regard per cent.
as the maximum, and I do not think it can be found ne-
cessary for the purposes of simplicity of adjustment in
any case to carry it so far as to make it equal to one-half
per cent. I anticipate from it a material improvement in
the statistics of our external trade. In fixing the details
of the charge we shall have to consider the number mid
complication of the entries, as well as the values of the
goods. _ . .

(b) In the charges upon certain operations performed
with respect to goos in warehouses the Government stand
upon a two-fold principle, just I think in both its parts.
The first is, that the very heavy cost of tho warehousing
system to the nation, as it is connected with certain opera-
tions, especially upon wines and spirits, may be equitably
reviewed, and moderate charges imposed upon such ope-
rations in relief of the department against the cost to
which it is put. The second is that by means of a charge
on removals we propose to lay the ground for a system of
Inland Bonding on principles which will be fair and equal
as between inland towns and ports which have the privilege
of warehousing with respect to articles that they do not im-
port. As to the particular rates to be fixed, I think that
they will require to be carefully considered in detail.
(c) As respects the proposed change upon contraot notes
and dock warrants, we shall have to consider earefully the
definition proper for the first with respect to the ordinary
course' of trade; and as respects the latter, I have no hesita-
tion in saying that if we find the charge of 3d. likely to
amount in a large number of instances to a serious burden
we shall not hesitate to reduce it.
5. Leaving the subject of the new or penny charges, I
subjoin information which I ought but for the pressure of
other natter to have conveyed on Friday night with re-
spect to certain articles subject to excise at home, which are
to be imported from abroad on altered terms. The proposed
'hangers will take effect for the fotign article only at the
timo when the duty on the do gestic production is re-
dueed or removed. The duties of- Customs will not bo re-
moved from articles of paper until the first July—and
the duty on foreign hops will not be reduced to Hs., until
the first of January.
6. Lastly. With respect to desires which have been ex-
pressed in various quarters for further changes in the
French Customs' Laws, over and above those which are
comprehended in the Treaty. These cannot, I apprehend,
be made the subject of any communications which can
affect the course of Parliament with regard to the
Treaty itself. But inasmuch as the Government have
proposed to Parliament various measures favourable to

Tench commerce, in addition to those which the troaty
contains, they will, if those measures shall be adopted by
Parliament, feel no difficulty whatever in making repro.
sentations to the French Government in support of any de-
mand which may appear in itself to be reasonable, so far, at
least, as to recommend it to favourable consideration.—l
remain, sir, yours sincerely,
: I G. C. Glyn, Esq., M.P.

W. E. GLADSTONE.

SPOPTING INTELLIGENCE.

TATTERSALUS—YESTRADAY.
About a dozen subscribers present, and only the follow-
ing bets laid :

LINCOLN HANDICAP.
Bto 1 aget Clovernook (taken)
CHESTER CUP.
60 to 1 aget Herne (taken)
DERRY.
12 to 1 agst Buccaneer (taken)
13 to 1 aget The Wizard (take 14 to 1)
1000 to 25 apt Sir 'William (taken)
1000 to 15 aget Horror (taken)

LINCOLN RACES.
Rattlebone was struck out of the Trial Stakes at 9.15
yesterday.

RACING FIXTti
PRIM'
Nottingham Spring ....21

MA
Liverpool Spring ........ 6
Shrewsbury Spring ...... 7
Coventry

Newmarket C.......... AP 9
Catteriok Bridge ll
Think

'RES FOR 1860.
3Altr.

Derby Spring ..
,c3r.

Warwick Spring 20
Northampton .27
Croat= Park 3O
.IL.
York Spring l7
Epsom Spring 20
Newmarket F S 23

MAY.
18
Chester 1 Harpenden
Doncaster 5pring........ 8 Epsom 22
30
Salisbury lO Manchester
3 I
Bath l5 Hungerford

Ju
Ascot 5
Hampton l3
Newton l3
Odiham 19
Bibury Club 20

NE.
Stockbridge 2l
Winchester 22
Chelmsford 26
Newcastle 26

Newmarket J
3
Carlisle
Worcester 5
Liverpool
Abingdon .. 12

AUG

Nottingham 17
Stamford l9
Marlborough 2O
Goodwooi 24

Brighton
Brighton Club 3
Wolverhampton
Reading 8
Plymouth l4
Oxford l5

Retain 2l
Tork 22
Stocktou 23
Lichfield 27
Derby

SEPT:

Warwick
Doncaster 11
Leiesster

WHIZ.

Monmouth 2O
Mencheister Autumn 21
Newmarket F.O

OCTOBER.

Bedford 3
I Newmarket 22
Newmarket 8 0 .. • .
Woreester Autumn...... 30
8

NC/VENEER&
Hereford
Liverpool Autumn

IRELAND.
APRIL.

Curragh . ....
MIT.
Howth and Baldoyla Summer 8
JUNE.

Wicklow
5 I Curragh 2B

JULY.
B elle watown 11 1 Down Royal Cup ...... 24

AUGUST.
H Roscommon ....21
eath of Maryboro' .... 7
Galway
14

SEPTEMBER.
Curragh 4 I Jeukinstown Park ......18
Trainor®
...... 11 Cashel 26

OCTOBER.
Londonderry
I
Curragh l6 Strabane 3O

STEEPLECHASING.

IMPERIAL PARLIAMENT

----♦-

HOUSE OF LORDS—(YESTERDAY.)
The LORD CHANCELLOR to ok his seat on the woolsack
at five o'clock.

PRIVAT7 BUSINESS

Derby Midland 23 Grand Military (Nort9ll: 30
Tenby

The following bills, on the motion of Lord REDESDALE,
were read a second time :—The Cork and Limerick Rail•
way, Spalding Water, .Athenry and Ennis Junction, Croy-
don Gas, Edinburgh Railway Station Access, Galway Pier
Junction Railway, /tlaclock Water, and Railway Cleating
House (Ireland).
___

- MAncu.
Tenby
Birmingham 12, 13 Coventry l4

C---/

GYE V. HUGHES.-LETTING HER MAJESTY'S
TUBA:MM.—This was an action to recover 45,000, which
Mr. Gye had paid in advance for a year'■ rent of her Ma-
jesty's Theatre, and also some expenses to which he had
been put ; the ground of action being that possession of the
theatre had not been given to Mr. Gye. A verdict wan re-
turned for the plaintiff for 46,730, being the £5,000 paid,
interest upon it, and i 59 paid by Mr. Gye for insurance.

- - -
might do a valuable trade in conveying our coal into Russia,
to be used by her against us.
The Duke of SOMERSET thought the noble earl oppo-
site much exaggerated the importance of our coal to the
naval power of France. He believed no country in Europe
,would be prevented from going to war by the want of Eng-
lish coal. At present the consumption of Belgian coal in
France was more than twice the amount of the consump-
tion there of English coal. If France wanted to go to war,
it would certainly not be the want of English coal that would
prevent her. But the advantage to the French of getting
English coal was, that it tended to lower the price of their
own coal for the convenience of the French manufacturers,
who w.uld now have to encounter in their own market the
competition of the English manufacturers. The noble earl
seemed to think we were giving everything to France, and
getting nr thing for ourselves. But he (the Duke of Somer-
set) thought differently, and he looked on this most valu-
able treaty as the commencement of a new era for Europe.
He trusted that it would lead to great and extended inter-
course and commerce, not only with France, but with the
other countries of Europe, and that it would promote ami-
cable relations, instead of jealousies and warlike prepara-
tions. If this treaty were successful, and if it were followed
up:for a year or two, producing the beneficial effects which
were expected to result from it, it would be extremely ad-
vantageous to this country. To look, however, to this one
article of coal, and to insist upon withdrawing that, would
naturally excite thejealousy of the manufacturers of France,
who would think we meant to aim a fatal blow at their pro-
sperity. Of coune, in time of war, and between belliger •
eats, there would cease to be any question about a treaty.
Earl GREY said his own county was very deeply con-
cerned in coal, and he did not wish to impose any restrictions
on its export. Indeed, when he was in the House of Com-
mons he took an active part in opposing the export duty on
coal proposed by Sir Robert Peel, and that duty only con-
tinued for one year. He trusted circumstances might never
arise to make tho interest of this country require that the ex-

r port of our coal to France should be prohibited, but he could
not look forward with perfect confidence, and he objected to
fetter the discretion of the Governments of a future day.
But he agreed with his noble friend that the objections to the
treaty extended much further, viz., to the whole system of
making duties and commercial regulations, which ought to
be settled according t 3 our domestic interests, and irrespec-
tive of the measures adopted by any foreign country. (Hear,
hear.) He had no wish to continue any protection to British
silk manufacturers, to colonial wine growers, to watchmakers,
or to any other interests affected by the treaty. All this pro-
tection was bad, and ought to be got rid of as soon as pos-
sible; but he had great doubt whether, looking to the present
condition of our finances, tho duty on wine was a tax which
ought to be first selected. (Hear, hear.) He was confirmed
in that doubt by a very high authority, because he found
that Lord J. Russell, in his instructions to Lord Cowley and
Mr. Cobden, stated that there wereprior claims for relief, if it
were not for what we were to get in return. [Earl GRAN-
VILLE—Read the despatch.] Lord J. Russell said, " These
productions are not of such primary necessity, or of such
universal use among the people of the United Kingdom, as
to entitle them on these grounds to the first attention of the
Government." (Hear, hear.) It therefore appeared that
if it were not for the return we got from France the wine
duties would not claim the attention of the Government.
Again, it seemed that her Majesty's Government were origi •
nally in favour of a 10s. duty on French brandy, but now a
duty of Ss. 2d. was to be imposed. Nominally the duty on
French brandy and the excise duty on British brandy would
be equal; but in reality they would not be so. British
brandy was made of a totally different substance, and was
far less valuable, and therefore to put the same duty on both
was in point of fact to impose a differential duty, which would
operate against our own production. (Hear, hear.) Pro-
bably the correspondence which had been moved for would
show on what grounds the Government had so recently
changed their opinion on this subject. But his main
objection was to making these questions a matter of stipu-
lation with foreign Governments. In the first place it
deprived Parliament of its free discretion. When they put
these matters in a treaty they debarred Parliament from its
right of dealing freely and without being fettered by fore-
gone conclusions between this country and foreign Govern-
ments with financial questions as it ought to do, according
to its own unbiassed judgment in reference toi our own
domestic interests. Moreover it was a return to the old
vicious principle of making such concessions on each side
matters of bargain, which they knew by experience had re-
sulted in a narrow restrictive system of commercial policy.
(Hear, hear.) When we made the reductionof our duties on
foreign produce contingent upon what other nations did
to admit our produce in return no progress whatever took
place in the cause of commercial freedom in Europe ; but,
on the other hand, when we abandoned that system, ceased
to govern ourselves by the conduct of foreign nations, and
simply endeavoured to promote our own interests, from that
time commercial freedom made great progress, not only in
this country but throughout Europe. (Hear, hear.) The
immediate tendency of this treaty would be to confirm the
French people in all the prejudices which existed in their
mind against England. They would think that the change
was to take place not for the benefit of France but for the
benefit of British industry—an extremely dangerous feeling.
If the opinion of France came to be in favour of commercial
freedom, a system of real reform would be speedily estab-
lished ; but if it remained otherwise, there was little chance
of any effectual reform. By this treaty, however, Fiance
only made a slight advance in the road of commercial free-
dom. She retained her whole system of navigation laws;
she reduced the duty on our manufactured goods to but 30
per cent., and afterwarde to 25 per cent. ; and the only
articles on which she made any considerable reduction were
coal and iron, which she wanted ; and for these small con-
cessions they sacrificed a great principle, and gave rise
to all those prejudices which would prevent the people of
France adopting a wiser commercial system. No doubt if
we had abstained from the treaty and left matters to the
operation of the good sense of the French, who would by
experience see the beneficial effects of the changes in
our commercial policy, we should have had much
larger results. If he had not been misinformed,
the French Emperor had represented to a high autho-
rity in France that the country could no longer bear the
burden of the enormous expenditure which was necessary to
keep up the large establishments which he thought requi-
site, and at the same time the still heavier burden on her
industry in consequence of the taxation in every direction ;
and if we had allowed France to do as she thought proper,
avoiding any stipulations, he was persuaded much would
have been done to establishthat free, direct, and friendly in-
tercourse with her which was of such inestimable import-
ance. The course we had taken was the more dangerous be-
cause a great part of the reductions in the French tariff were
not to take effect for a considerable period. We knew from
our ewn experience that great changes in the commercial
system of a country produced much exaggerated alarm as to
the consequences, and ho apprehendedthat until the middle
of 1861 there would be great pressure and distress amongst
the interests in France going to be deprived of the protec-
tion they had enjoyed, and that during the whole of that
interval the blame of that distress would be thrown on this
country. (Hear, hear.) A feeling of irritation would be
created in the minds of those people, and he was afraid that
somemight go so far as to desire to disturb the treaty by a
quarrel. Many of the advocates of peace in France perhaps
would be driven into the ranks of the war party which he
was afraid always existed in that country. He therefore be
lieved that the treaty would be asource of political inconveni-
ence, but he was told there was a reason for it. It was said
that it was necessary to proceed with the treaty, because the
opinion of France was so hostile to free trade that even the
great power of the Emperor was unable to carry a law re-
mitting a portion of the existing 'protection through the
legislature of France, even constituted as at present. To
his mind that was the strongest argument which could be
raised against the policy of her Majesty's Government.
(" Hear, hear," from the Opposition benches.) He valued
commercial freedom very high, but he valued political
freedom more highly still. It was most desirable that
France should have the benefits of free trade ; but it was
not for the interest of France that she should have those
benefits forced upon her (Hear.) What were their lord•
ships to think of the conduct of a foreign country which
assisted the Emperor in setting aside and throwing over-
board the strong and deliberate opinion of France, because
the constitution gave him power to by treaty what, in
by the
the existing state of opinion, he could notcarry
(Hear.)
direct and proper mode of a new law.t
Could o
every they
man
take this course without giving just offence
in Franco who desired that his country should retain pos-
session of the smallest fragment of freedom ? If he thought
that the treaty would cement the alliance between the two
countries, no one would hail it with more delight than him-
self. He admitted that would be the effect of free trade,
but it would not ho the effect of the treaty. The effect of
the treaty in his opinion would be to create a feeling of irri-
tation in France against this country, to postpone the time
when a real free trade would be established between the
two nations, and to maintain a state of things full of poli-
tical danger.

The Duke of ARGYLL inferred from the speech of the
noble earl who made the motion that he was rather favae
able than otherwise to the general principle of the treaty,
though he especially excepted a particular clause with re-
spect to the export of coal. Ho was, howevir, glad that his
noble friend who had just spoken had raised a much wily
question on the general principles of the treaty ; not that he
thought that this was a convenient opportunity for discus-
sing them, because he fully admitted that it was not—
(hear, hear)—but because he wished to show that a large
number of the objections he had taken resulted from a gene-
ral dislike to the principles on which the treaty was
founded. The noble earl was very fond 'of abstract prin-
ciples, and when he got hold of them he generally rode them
to death. He did not complain of that, but he did complain
that the noble earl wholly misapprehended the principle on
which the treaty was concluded. He denien that the Go-
vernment had gone back to the old exploded theory of reci-
procity treaties. The treaty was not an exclusive treaty
between us and France, as regarded all those articles upon
which it operated. Of course thore was no mention in the
treaty of the produce of other nations, but it was distinctly
understood that the abolition of duties on French articles
should be extended to all articles of the same kind from what-
ever country they might come. This was an essential differ-
ence_t
from the principle of the old reciprocity treaties. .1 had
never been laid down in this country:as an abstract principle
that'll ever under any circumstances ought fiscal changes to be
made the subject of commercial treaties because that was con-
trary to common sense. He was quite sure that the treaty
would be speedily favourable to the French people, and the)
they would soon discover the fact. He
begged to remind the
noble earl of the abstract principle which he contended for in
the House of Commons in 1843. The resolutionoflifrefre.
Ricardo, which ho then supported, and consideredwa!tw
as not expe-
trade pure et simple, was to the effect that
dient that any contemplated remission of importrdeunatiistasisohnotuhlde
be postponed, with the view of making such
basis of commercial relations with other countGrioev%rnw(Heneetrio)
Was it not a state of things desirable for any
attempt to remedy, when we found that our w
bo
.hole expertn o
n hg.
trade through France. a rich and friendly
si
people, was less than that to our own e colnonelyg of v u
ilt
ria 1' (Hear, hear.) His noble friend must remember that
the raperation now proposed by the Government was not con-
fined to the articles included in the French treaty. Every one
of those duties fell naturally
our way in the course of that
fiscal reform which was proposed by the Chancellor of the
Exchequer. With regard to the duty upon French brandy,
he (the Duke of Argyll)was surprised to hear his noble friend
quote the case of British brandy R 8 an article which ought to
be protected. British brandy was a counterfeit article, and
yet the noble lord (Earl Grey) contended we ought to main-
tain a higher duty on French brandy in order that the bad
and inferior stuff made in England should have a protec-
tion against the French article. That was an argument
which surely could not for a moment be maintained. His
noble friend would not deny that the proceedings of the
French Emperor, according to his own constitu-
tion, were strictly constitutional. It would have been worse
than a puritanical superstition if we had refused to take this
great boon, both to the people of England and to the people
of France, because it was not the form of proceeding most
suited to the political liberty of France. That was a matter
we might leave the French Government itself to deal with
(Rear, hear.) With reference to the remarks which had