The Sun.
London, England, 1859-03-05 00:00:00

THE SUN, 140.- 141)
I
MONEY MARKET AND CITY NEWS. I .4.
SIIARE MARKET.—( THIS DAY.)
_ FOREIGN.
CITY, Two o'CLocK. Closin. I Business
4- +
the .ORDINARY SHARES AND STOCKS. Railways. I Paid.
_....
Price.' Done.
andPaid.i Closing Business
The Bank of England's weekly return, com- Sharel Railways. Price. • 10 'Antwerp & Rotterdam all 41 51
i the pleted to the 2d March, shows some rather impor- _ • I--- - 20 Ardennes all - - p
ai 0 Antherg., Notting. Bost.
ham taut changes. The other securities, owing to the and Eastern Junction 10 5 6/ 20 Bah.&S.Fran.,Lim.7p.c. 3 / 1 d
5 Belgian East. Junction all I E
ance Preparations made for the commercial payments on 50 llelfaat and Ballymena.. all 2
- _
13.14 13ir., Wol., and Str. Val. all 71 81 0 Beziers to Graissessaa all --- -
I re- 5 Carmeaux Mine & Rail all 1, 21
the 4th of the month, usually heavy at this period Stoek Birk., Lane., and Chesh.
Junction lOO 62 14 20 Dutch Rhenish
e-of- 6 Eastern of France
halfOf the year, show an augmentation of over 25 Blackburn - p ~
WI. •25 Blyth and Tee all 31 V 20 Great Central of France all -
a ' million, and the reserve of notes Stock Bristol and Exeter
20 Gt. Luxem., Con. shs.. all 61 61
ock- 100 841 85 841 / 10 Italian Junction .. -... 8 - -
has been trenched upon to the extent of Stock Caledonian
Stock Chester and Holyhead -
ting about a quarter of a million sterling. The 50 Cork and Bandon all • -
iddi- Public 20 Cork, Blkrock,&Passage all - - 20 Lierre and Turnhout._ all - -
20 Lombardo Venetian.... 8 1 3pB/ 3
iths, half deposits have been augmented by nearly 20 Cornwall
A rcves. no div all 43 si 20 Lucca & Pistoj a, 5 p.c.pf. all -
162 • , a million, but the private balances show a 10 Do. A
Do. B untilGp.c.per an. all - - 20 Lyons and Geneva .... all - -
10 i all - - 331 Maria Antonia all - -
large diminntion. The bullion, in consequence of hasbeep pd.toß. 20 Do. do. New - -
50 Dublin andßelfast June. all - -
20 Namur and Liege all 81 8a
ster- the non-arrival of remittances from Australia and 25 Dun.,Perth,& Abr.Junc. all 83 93 20 Do. do. 6p. c. Pref. .. _ all ln 203
rard, the demand for silver from the Continent, has Stock East Anglian
Stock Eastern Counties lOO 15 16
100 59 60 594 1 3 16 Northern of France .... all 363 361
22222 0100000 c
?Ni
tpl :
Paris
c itootrrrifissm:e'ais New
da-
0,1. Sgniollosillr:aa'
Orleans
erl ii:al
il' ; n'n.Nk(sei
%Pr,.Pref.ee;doi.t .;. 1
aaa11191.27111
531281:1
53_9-3331
dP ;
;ate, 'Undergone a small decrease, and the " rest" has been .Stock Eastern Union A Stock 100 44 46
y for
ftised to an amount that would allow of a dividend Stock Do. do. B Stock 100 29 31
25 Do.Nw.A.(lte.E.U3ds) 81 - -
31C at at the rate of 4 per cent., which would leave it at 25 East Kent all 14 16 143
Stock East Lancashire lOO 92 94
crew £3,065,460. In the other items of the balance- 20 East Suffolk
•10 Do all - - 1 gua. 7p. et. (Lim.) ... j
hing sheet there is little that requires special report, and - -
Stock Edinburg and Glasgow 100 701 71 20 Riga and Dunaburg.... 4 - - - 5
10 Rome and Frascati .... all -
ed to the particulars will be found in the subjoined Stock Edin.,Perth, & Dundee. 100 261 27 20 Royal Danish all - -
it as table : 10 Forth & Clyde Junction all - - 5 Royal Swedish - - •
. Stock Furness - - 4 Do. 7 per cent. Pref. .. all - -
Active Circulation ... .. L 20,609,255 Stock Glasgow& South Westn 101) 94 96 20 !Sambre and Meuse. ... . all 6 7 61
. the . 10 Great North of Sootland all 10 101 10 Do. 51 per cent. Int. ... all 9 91
Increase .. • . .. .. 270,770 Northern lOO 1011 102 1011 2 20 Southern of France .... all 19 28,
e the Bullion
.. .. .. .. .. 19,884,632 Stock Great
Stock Do. do. A Stock lOO 86 88 81 West Flanders all 5 5i
part- Decrease .. . . • • OD 67,916 Stock Do. do. B Stock lOO 131 133 1321 10 Do. 51 v. c. Preference . all 9 9i
the !test .. .. .. .. .. 3,647,589 Stock 'Gt. South.& Wstn.(lreld) 100 103 104 20 W. & 1.W.. of France.. all 23 24
Increase .. • • • • • • 345,365 Stock Great Western - -
Public Deposits .. .. .. 8,31b,065 Stock Do.Str.Vl.Rail Gua.Stk lOO 54 50 20 Western of Switzerland all -
mberl2 Irish South Eastern all - - 6 Wiesbaden - -
Increase .. • . .. .. 095,221 50 Lancaster and Carlisle. all 85 90 6Do 8 per cent. Pref all
)ries, Other Deposits .. .. .. 1.3,955,063 161 Do. Thirds - -
ts of Decrease .. • • .. .. 662,109 1613 4 Do. New Thirds l6 12 13 p
r ser- Seven Day and other Bills .. .. 758,787 Stock Lancashire & Yorkshire 100 931 941 931 4
taut. Increase .. - .. .. 8,999 16 Do. do. F 216 6 lid BRITISH POSSRiSIONS,
Government Securities 10 696 147 9 Do. do. £9 shares 7 3 id
es of No alteration. 3 Do. West Riding Union 1 - Share Railways. 1i„,,d.1 Closing ' Business
20 Do. Southport - - '"" Price. Done.
that Other Securities .. .. .. 16,782,980 Stock London and Blackwall all 65 67 663 --- -
100 5 Atlantic & St Lawrence -
, &C•, Increase .. .. • • • • 526,222 - Do.Newiss.at £slosp.sh. - -
an 78 80
mea- Notes Unemployed .. • . .. 12,934,235 Stock Lon.,Brighton &S.Coast 100 110 112 1104
( Leased at 6 per cent.,
slog- Decrease .. - • • • • 242,595 Stock London & North Westn 100 93. 04 %31 I 1
124 Do. Eighths
on. 5 percent l3l / 3d
)f the - The liquidation of the commercial bills due Stock London& South- Westn. 100 92 921 923 1
18 bo all - - 18
lered Yesterday, the 4th of the month, was effected with 25 L'derry & Coleraine... all -
25 L derry & Enniskillen. all - - 18 Do. Addit. Capital A 6 d
The promptitude, thus indicating the continued healthi- Stock Aran., Shef., & Lincoln.. 100 37 373 37
P 18 Do. Do. 13 -41 I d
10 Metropolitan - - d 201 Buffalo and Lake Huron all 61 71
the tress of trade. The amount having to be provided Stock Midland lOO 981 993 994 9 20i Do. New l6l - -- d
for appears to have been rather considerable, but Stock Do. Birming. & Derby. 100 73 7 100 Buffalo,ltrantACl odricli 1 100 85 90
(6 p. ct. bds. 1 Aug., 1872 j -
tr at 50 Mid. Gt. West. (Ireland) all - -
1 600 the facilities for the obtainment of discount accom- 25 Do. / Shares all - -
100 Neut astle and Carlisle all - - 100 Do. do. 1 July, 1873 100 82 86
190 Do. do. 1 June, 1874 100 80 84
sr 15 inodation enabled all parties to complete their 25 New., Aber., & Herefd. all 111 12 20 Clcutta.&S.Eastrn.Lim. 1. 3. O. par /p i
engagements on easy terms. The Bank return 10 Newry & Armagh (def.) 9i - - 20 Cape,Eastn. Prov.(Lim.) 2s. - -
20 Newry, Warpt., & Boa all ,- - _., 20 Cape Town & Dock Scrip 2s. - - pm
-
ester- shows, however, that the preparations made have Stock Norfolk lOO i6O 62 '''' 20 Central Oude (Limited) 2s. 6d.
34 4 d --
.each- absorbed a large supply of capital, and hence the Stock /11'
oorrth. Counties Union 3l r
th British lOO 571 583 08 20 Ceylon Guaranteed 6p.0. 2 i 1 p
171 Demerara -
Cald-20 Eastern Bengal.gusp.e 5 / 3di 41
increased firmness lately noticed in the rates of Stock Nor.Dev.Rail.&Dk. Stk. 100 -
pliant Stock Do.A Stk.- Arec.no div. S tock East Indian, o-u. sp. c lOO 1031 1013 l 104/ 1 5
discount. ' until 6p.c.hasbeenpdß 100 - - 20 Do. C Shares all - -
eIL Stock Do. B Stock 2O Do. E Shares Ext. 14 i 3 p 151 4
wood, The Foreign Exchanges yesterday afternoon Stock North-Eastn.-Berwick 11011 903- P-1-1 90,1 1 20 Do. Jubbulpore 5 -51
aster, a further slight advance in the rates on 25 Do. do. G.N.E.Purchase 1613 4 2 11 d 100 D 0.41 p.c. lids. pay.'s9 all 17- -
exhibited Stock Do. Leeds lOO ci 114 461 20 G eelong& Mel. gua.s p. e. all 19 191
to the Vienna and Trieste ;on Holland, Frankfort, and Stock Do. York lOO 753 74 751 i Bth. c Geelong Corporation 6 ) 100 - -
) the Stock North London lOO 99 101 ( per cent. Bonds
Ilamburg, however, there was a decline. Stock Grand Trunk of Canada 100 28 30 291 30
10 N. &S.Westn.,Hampstd
Chas.loo Do. 6 p.c. Deben.,pay.'7B all 68 71 70
At the Bank of England yesterday there were no and City Junction.... V is. - -
'bbe, 20 North Staffordshire.... 171 4/ 41 d 100 Do. 6 percent, Pref lOO 89 91
2020 f
GDto..sdoof
Ind.Lim.
xl. G. bullion operations of public interest. 20 North-Western
10 No. & Sou. W. Junction all 1 6 20 Do. New, gua.s per cent. 4 i a ip 4
In the Liverpool Cotton Market yesterday a fair Stock Oxford, Wor.,& Wolver. 100 .31 33 4 - -
demand prevailed for most descriptions, and about 10 Peebles all •-- -12 s
20 Portsmouth - -
12,000 bales were sold at full quotations. The Rail- 10 Rhymney lO - --Se
201 Gt.W. of Canada Shares all 153 153 151
Way Share Market closed quietly, and prices e hi- Stock Scottish Central lOO 113 115
X Stock South. N.E., Aber. Stock 100 26/ 271 201 Do. New
100 j Do. Bonds pay. '76,with 1 all 100 105
( apt. till 'fio
ihley, bite a slight downward tendency. Stock Do. Scottish Mid. Stock 100 84 85 100 Do. do. '73 till '6O
, Stock Shropshire Union lOO 45 47 all 100 105
:land, • .•
Since Monday last the imports of specie have 10 Sittingbourne & Sheer. all 3 21 d 100 Do. do. "/3 without opt. all 100 10.5
nouth been about £489,937, and the exports £140,392, ex- Stock South Devon
Stock South-Eastern lOO 37 883
100 70 71 703 1 100 Do. 51 P. c. do. '77 do .. all 96 98
20 Madras, guar., 41 p. c. all 17 18
elusive - '- 20 Do. do. 5 per cent. all 19 203
of the following shipments direct from Lon- Stock South Wales2o Do. 41 p. c. Extension.. 15 18 19
e re- 20 South Yorks &Riv. Dun. all 123 133 don to the Continent during the week ending 20 Do. do' . lB - - 20 Do. Third Ex. gua.s.p.c. 10 1 1 d
ton to 8 11 20 Do. Fourth do.
everal .(B1 . ) 2 000 • Thursday last •:—Gold coin e glum , . ounces , 20 Staines, Wok., & Wok.. all Stock Melb. Corp. 6 p.c. Bonds 100 ---
. •by a - lioulogne,'6o ounces ; bars (Hambro'),ll,l27 ounces. 2255 Stockton kdtoon &185D4arlington all 36 37
V 1 - - Newßrunswick&Canda.
• 25 Do. do. 1855 7 - - 20 / Ry..kLand(Lim.)g.6pc 10 - - a
tioned silver coin (Boulogne), 2,800 ounces; Rotterdam, Stockton & Hartlepool 163 - Class ACapitl.Share..
;ineer. .• 100 .. Do. do. Land d 0... ..
1,200 ounces ; Mogadore, 1,965 ounces ; Hambro', Stock Taff Vale
Stock Do. Preference, No. 1.. 100 - - 20 Do. do. B. Capital do. - - d
880 ounces. 25 ThamesHavenDk&Rail 22 - - .. Do. do. Land do.. 10 _ -
being Stock Vale of Neath lOO -- - 20 c Northof India Tramroad 2s.
a• that The market for English Securities has been very Stock Waterford & Kilkenny 100 - - o Limited, Scrip _
50 Waterford & Limerick all - - 20 Oude (Limited)
very buoyant to•day, but the full advance has not been 20 West Cornwall
..,...> 1.5 1 I p
20 Do.
Truits maintained. Several large purchases have been 10 W-end Lon. & Cry. Pal. all - -
5 Do.A.-Arecv.nodiv.till ,
, 20 Do. New gEl all 20 21
. 10 i d i
from effected, and a much firmer tone is apparent. Con- 7 p.c. has been pd. to B all 21 3 20 Do. Punjaub - g tr.> 5 1 1
aving 5 Do. B all , 6 64 20 Do. Indus. St. Flo. bi),,,°' 5 1 i d
Rs to B°lB have been 95k, but the latest price is 951
4, 20 West London - - 20 St. Andrews & Quebec A 18 - -
10 ITrinidad(Lirnited) Scrip 1 3dl par
" sellers" The New 3 ner Cents. have been dealt 10 Do. Ist Class all I- -

611 ARE 117ABLET.—( THIS DAY.)
ORDINARY SHARES AND STOCKS.
Railways. Paid. Closing Business
Price. •
Amberg.,Notting. Bost.
and Eastern Junction 10 6 oi
I.lclfast and Ballymena all
• Bir., Wol., and Str. Val all 71 81
k Birk., Lane., and Chesh
Junction lOO 62 64
Blackburn
Blyth and Tyne all 31 13
Bristol and Exeter 100 921 931 921
: Caledonian
: Chester and Holyhead , 100 48 49 48 1
Cork and Bandon all •
Cork, Blkrock,&Passage all
Cornwall
Do. AIA roves. no div all 45 51
unGp.c.per an all
til all Do. B
hasbeep pd.toß.
Dublin andßelfast Junc. all
Dun.,Perth,& Abr.Junc all 85 91
East Anglian lOO 15 16
: Eastern Counties
: Eastern Union A Stock 100 44 46
Do. do. B Stock 100 29 31
Do.Nw.A.(lte.E.U3ds) 81
East Kent all 14 16 145
East Lancashire lOO 92 94
East Suffolk
Do
: Edinburg and Glasgow 100 701 71
Edin.,Perth, & Dundee. 100 261 27
Forth & Clyde Junction all
c Furness
c Glasgow & South Westn 94 96
Great North of Sootland all 10 101
r Great Northern lOO 1011 102 1011 2
Do. do. A Stock lOO 86 88
e Do. do. B Stock lOO 131 133 1321
'Gt. South.& Wstn.(lreld) 100 103 104
Great Western
Do.Str.Vl.Rail Gua.Stk lOO 54 50
Irish South Eastern— all
Lancaster and Carlisle all 85 90
Do. Thirds
I Do. New Thirds l6 12 13 p
Lancashire & Yorkshire 100 935 041 935 4
Do. do. F 216 6 1 id
Do. do. £9 shares 7 ; id
Do. West Riding Union 5
Do. Southport
London and Blackwall all 65 67 665
Do.Newiss.at £.llosp.sh —
Lon.,Brighton &S.Coast 100 110 112 noi
London & North Westn 100 93. 04 931 1 1
Do. Eighths
London& South-Westn lOO 92 925 925
L'derry & Coleraine all
L'derry & Enniskillen all
Man., Shef., & Linooln lOO 37 374 37
Metropolitan
Midland lOO 981 995 991 9
Do. Birming. & Derby lOO 73 75
Mid. Gt. West. (Ireland) all
Do. 1 Shares all
Neutastle and Carlisle all
New., Aber., & Herefd all 111 12
Newry & Armagh (def ) 9
Newry, Warpt., & Ros all
: Norfolk lOO 160 62 60
North. Counties Union 3l :i ti d
North British lOO 575 585 58
Nor.Dev.Rail.&Dk. Stk lOO
Do.A Stk.— Arec.no div
until Gp.c.hasbeenpdß 100
Do. B Stock lOO
North-Eastn.--Berwick 100 905 )11 901 1
Do. do. G.N.E.Purchase 1613 4 2 11 d
Do. Leeds lOO 461 144 461
Do. York lOO 755 74 751
North London lOO 99 101
N. &S.Westn.,Hampstd
and City Junction £3 ls.
North Staffordshire l7l 4; 41 d
North-Western
No. & Sou. W. Junction all -7 6
Oxford, Wor.,& Wolver lOO 31 33
Peebles all --
Portsmouth
Rhymney lO
Scottish Central lOO 113 115
Sooth. N.E., Aber. Stock 100 26/ 271
Do. Scottish Mid. Stock 100 84 85
Shropshire Union lOO 45 47
Sittinzbourne & Sheer all 3 d
South Devon lOO 37 58 21
5
South-Eastern lOO 70 71 701 1
South Wales
SouthYorks.&Riv.Dun all 125 131
Do. 'do lB
Staines, Wok., & Wok all 8 11
Stockton & Darlington all 36 37
Do. do. 1854 221
Do. do. 1855 7
Stockton & Hartlepool 165
Taff Vale lOO
Do. Preference, No. 1 .. 100
ThamesHavenDk&Rail 22
Vale of Neath lOO - -
Waterford & Kilkenny 100
Waterford & Limerick all
West Cornwall
W-end Lon. & Cry. Pal all
Do.A.—Arecv.nodiv.till
7 p.c. has been pd. to B all 25 3
Do. B all , 6 64
West London
Do. Ist Class all
Do. 2d Class all

The market for English Securities has been very
buoyant to-day, but the full advance has not been
maintained. Several large purchases have been
effected, and a much firmer tone is apparent. Con-
'els have been 95k, but the latest price is 951,
sellers." The New 3 per Cents. have been dealt
in at 961 and the Reduced at 961 and 9611.
Bonds
Bills are 355. to 38s. prem., and the
-15onds are firm, at 1001. India Loan Debentures
are steady, at 98-1- 99. Bank Stock is 228 and 230.
, In the Foreign Stock Market the transactions
have been of a very limited character, and prices
are firm. Turkish 6 per Cents. aro 911 to 92 ;
ditto, New Loan, 771 to 78 ; and the 4 per Cents.
have improved to 1031. Brazilian 41 per Cents.
remained at 94,' and Mexican Stock has been heavy
at 19/- The New Austrian Loan is 21 to 11 dis.
The Railway Share Market has been exceedingly
buoyant, a fair amount of business having been
done in most of the principal lines at an advance of
t to 1 per cent. on yesterday's closing rates.
Caledonian, Great Northern, North-Western, and
North Eastern (Berwick), advanced ss. ; Lincoln-
shire and Yorkshire, Brighton, Midland and South-
Eastern, 10s. ; and Eastern Counties and Great
Western, 15s.

under
head-
ph of
id file

PREFERENCE SHARES.
Closing Business
Share Railways. Done.
Paid.l price.
25 Blythe and Tyne It per
c. pref. (issued at £5O) all 49 51
LStk Brig. & Exet.4p.ct.Stock 100 94 96
20 Do. do. do. Shares 9
ock Caledon £lO, 45 per cent 100 103 105 104
12.10 Do. Quar. Shares, No. 2. 7.10 - •
Stock Chester & Holyhd, 55 pc 100 125 127
Stock Do. do. sp. et.
61 Cork & Bandon, 54 p. c all
65 Dun. Perth,& Aber.Jun all 6 54
StocklE.Angn. Class A 7 & spc 100 98 101
StockiDo. do. Class B 6 pc lOO 110 116
Stock!Do. do. Class C 7 pc lOO 108 112
Stock E. Coun. Ex. 5 pet. No.l 100 115 117
Stock I Do. do N 0.2 100 114 116
Stock Do. New 6 per et. Stock 100 132 134
Stock Eastern Union, 4 per ct. 100 80 82
Stock East Lane. 6 per ct lOO
5 E.& W. York. Jen. fifths all
tock Edin.&Glas. spc shares 100
Stock Edin. Perth,& Dun. 4 pc. 100 74 76
Stock Furness, 5 per cent
Stock t(llas. ityS West.z a. spe lOO 113 115
Stock Great Northern, sp. ct lOO 118 120
Stock Do. spc Redm.,l op.c.pm 100 109 111
Stock Do. 4.1 p. c. do. do.
100 Do.sp.c. It cdm.,s pc. pm 6O 63 65
10 Gt. Nh. of Scotld, Ist pf all 11 114
Gt. Sn.& (Ireland)4 Ino
p. et. pref. Stock
Stock
50 Great West. (Berks and 6
Hants) Ext. 5 p.ct. .
Stock Do. Redeemable, 44 p i.
t. 100 94 96 911
Stock Do. Redeemable, 4p. et. 100 85 E 7
Stock Do. Irredeemable, do lOO 86 88 864
Stock Do. sp. ot. Redeem. Pref lOO 99 101
8 Do. Birm. Pref. Shares all 91 101.
10 Gt. West. Ches. 8 p.c.pf
shares all 16 17 165
10 Do. do. sp. ct. prof all 91 105
Stock Do Birming. guar. stock 100 72 74 73
261 Do. Chester guar.shares all 185 195
135 Do. do. do
20 Do. do. do.
Stock Lan. & York 6 p.c. stock 100 140 142
Stock Lon.&Brig.spc. gu. No.l 100
Stock Do. pref., sp. c. ...No. 2 100
Stock Do. New gua., 6p. et lOO
Stoek Do. do. sp. c. No. 4 100
Stock Lon.&N.W.Cov. &Nun-
eaton, sp. et.
Stock Lon.&S. W, 7 p.ct. stock,
late 3d shares lOO 160 165
124 Londondy & Cole, 4 shs all I
Londoudy.& Ennis 4sh all 85
Stoc & Lin., 6p. et lOO 122 124
6 Do. £6 44
Stock Do. 31 per cent.
124 Maryport & Car., 4 p.c all
Do. 4 per cent
ll
125 { Do.
Stock Mid. Con. 6p. c. Stock
Stock Do.Con.Bris.&Bir.6p.ct. 100 139 141 I
Stock Do. 44 p. c. pref. stock lOO 100 102
6 Do. with option till 1860 3 p
Stock Do. Leic. & Hit.pref. st. 100 94 96
10 p. c. redeem, at 5p.C. pm )
NewportAber,&c.pref.s lau 94 (4.
10 Do. Perpet, 6p. c. with
option till 1866 all 115 111
10 Norfolk Deb. 4p. c. sliares all 9 95 95
Stock Do. 555. e. Ext. Stock,lB46 100
Stock Do. p. e. Pref. do. 1847 100
Stock Do. ay.Val.Ex.Sk 1847 100
Stock North British, spercent 100 112 114
Stock Do. New, MM. 5 per cent 100
Stock Nth.Dev.Rail.& Dik.Co. 100
Stock N- East. irred. 4 p.c. Deb. 100
Stock Do. Berwick, 4p. c. Pref. 100 96 98
17 Do. do. do.
20 Do. Leeds, 6p. c. No. 1 l3
124 Do. do. Quarters, 1846 - --
25 Po. York, 11. &S. Parch lO 1 d p
20 North Staffordshire .
Stock Ox. wr. & Wol. 6pc. lsVg 100 121 123
Stock Do. do. do., 2d gun lOO 111 113
Stock Do. 44 p.c. Db. stk.in perp 100 99 101
84 Scottish Central, new pt all
Stock Scottish N.-Eastern deb 100
Stock Do. 35 pert. pref. stock 100
Stock Do.Aberdeen.gua.6po. 100
Stock Do. 7p. c. pref. stock. 100
10s. South Devon, Ann. 10s. all 101 101
10 Do. Fixed 45 per cent. all
1.0.6. South Eastern (Reading
Ann., 1.0.6.)
Stock Do .44 per cent lOO 102 101 102
Stock Do. Fixed 45 p.c. Ist is . ; 100 102 104
Stock Do. New do., 2d issue. 1 100
Stock South Wales, gua. 4 p.c. I 100
Stock Do. 44 per cent lOO
20 S.-Yorkshire, 4 p.c. gua. all 16 17
25 ,Stockton and Dar. 5 p.e. all 284 294
25} i Do. 6 per cent all 325 33§
StocktWaterford & Kilkenny,
6 per cent. , all 48 51

,aided
atured

The Foreign and Colonial undertakings have
been rather inactive, but prices show an upward
tendency. Lombardo=Venetian Old Shares advanced
to 8 gt, and the New Shares to 8 and Bk-; Grand
Trunk of Canada improved to 291 30, Great
Western of Canada to 151, East Indian to 1041
105 ; and Great Indian Peninsula remained strong
at previous rates.

Joint-Stock Banks and Miscellaneous Shares
Wexe dealt in to a limited extent, but there was
little variation to report in prices. London and
County improved 55., and Red Sea Telegraph ss.

row n,
an ad-
ion of

BRITISH FUNDS—CLOSING PRICES.
'.,lillk Stock
"., Per Cent. Reduced Annuities 96- i I
Now per Cent. Consols Annuities
3 per Cent. Annuities 96 i a
Long Annuities, expire sth Jan., 1860 1 3-16
ittlia Stock
bitto Debentures 99 £3W
consols for Account

March.
Dzthequer Bills, £l,OOO, 2d. & lid 35 8 1
itto Small, 11-d
Ditto Advertised
4ehequer Bonds,' 1859, 31 per Cent .... 1001

June.

FOREIGN FUNDS--CLOSING PRICES.
Brazilian 5 per Cent.
Ditto 1858, 41 per Cent 94
'lexicon 3 per Cent l9l
Turkish 6 per Cent. —
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Dividends on the above payable in Lonaon.
Consols, Money 951 1 Sellers.
Consols for Account

Mr.
Mr.
s his
neral

ainis-

the
has

THE SUN, LO 'DON, SATURDAY EVENING, MARL'H 1859.

THIRD EDITION.

for cartoons to be employed in the decoration of the Houses
of Parliament. Eleven premiums were so assigned, and
more than two-thirds of them were awarded either to stu-
dents of the Royal Academy or to persons who had been
students of that society I happened to be in Paris ;it the
time of the exhibition there of works of industry and art.
A room was allotted there to the leading schools, including
the English, and I have reason to know that many foreign
artists of eminence expressed their admiration of our native
works of art there, and their surprise that they had known
so little of the English school. Besides what I have stated
as to the application of the society's funds, I must mention
that there are medals and premiums awarded to students
who attain a high degree of efficiency, and sums of money
expended in defraying the expenses of promising young Men
in travelling on the continent to visit the schools of the an-
cient masters, with the view to their improvement. My
lords, there is no profession which affords more immediate
pleasure and delight than the profession of the arts ; but,
unfortunately, pecuniary reward to any extent does not al-
ways accompany exertion in that vocation. Occasionally,
from failing energies, sometimes' from loss of sight, those
who devote themselves to it are unfortunately reduced to
poverty and distress. The Royal Academy also appropriates
a portion of its funds to the relief of persons of that. class,
and of widows of artists who may have been left destitute.
These are charitable objects, but they are not confined to
members of the institution. The aid is distributed freely to
the profession at large—(hear)—and a much larger sum is
given to those members of the profession who are not and
never were connected with the academy,tipm to thee e who
are so connected. I find about £4OO a year is subscribed for
the relief of persons connected with the institution, and up-
wards of £9OO for persons in the profession not so connected.
I think your lordships will feel that that application of the
funds has been a correct, beneficial, wise, and prudent
arrangement, and that the administrators are deserving of
our thanks for the manner in which they have managed the
concern. There are one or two objections which have been
made to which I wish to refer before I sit down. It is
sometimes complained that the walls of the Academy and
the Exhibition are too much confined to Royal Acadeini-
cianS, members of the society. Whether that'bo the tAtse or
not I cannot undertake to say, nor whether the exhibition
would be better and more profitable if the works of Royal
Academicians were reduced in number and those of ether
artists admitted in greater numbers. I will not enter upon
that subject, because, as it is understood that more exten-
sive buildings are about to be erected, that complaint, if
well-founded, can be removed in future. Another point to
Which I wish to allude is an objection which is sometimes
made that favouritism prevails in the selection of the mem-
bers. Where election is not made by the public voice it is
impossible to say that favouritism may not sometimes exist,
but here it is held in check by the voice of the profession,
who have always their eyes directed towards the proceed-
ings of the Academy, and it is still further controlled
by the influence and authority of the Sovereign, who
must be satisfied of the propriety of each nomination, for no
person elected can hold office until his election has received
the sanction of the Sovereign and a diploma of qualification.
But this I will say, that during the last 50 years nearly
every artist of eminence in this country has been received
into that body. There have been one or two exceptions,
the reasons for which I will not enter upon, because they
aro of an unpleasant character, but I say generally in
broad terms, that every artist of eminence who has existed
in this country during the last half century has been a
member of the Royal Academy. I have felt it a great satis-
faction to be able to state these facts to your lordships, and
through you to the country. Now, one word before I sit
down upon the proposed change of site. I believe as
far back as 1830 it was suggested that it would be proper
to remove the Royal Academy from its present position
in order to afford more room for the National Gallery;
and I think in 1854 Lord J. Russell proposed to advance
£40,000 to enable the Academy to procure another resi-
deuce. What was the result of that offer Ido not know,
except that it was never completed, but this I do know, that
it was not very favourably received by the Royal Academy,
and for a very obvious reason. They have always considered
themselves to be under the immediate supervision of the
Crown. If they received a sum of money from the public
purse they properly considered that they might be called
upon from time to time by the House of Commons to make
returns, to be examined, and to assume a political charac-
ter quite foreign to the tranquil state so necessary for the
well-being of art. Therefore I am sure the offer was
not accepted by them. But other offers have since been
made, and now it is proposed that a site should be granted
in fee to the Royal Academy upon part of the ground occu-
pied by what is known as Burlington-house. No situation
can be better for this purpose. They are grateful for that
offer, but still they fear what I have before suggested,
that a grant from the nation, unless an equivalent was
offered by themselves, would place them in the
position I have just mentiond. Their object is, and
always has been, to remain solely under the control and
supervision of the Crowii, and therefore what they now
propose is this—they will accept the grant upon the condi-
tion that they on their part shall be allowed to expend an
amount equal to the value of the site in the construction of
buildings necessary for the Academy, to be permanently ap-
plied for the purposes of art. Thus the grant from the na-
tion will be paid for by that equivalent, because both the
land and the buildings to be erected upon it are to be de-
voted in perpetuity to a °Teat public object. I think if this
kind of agreement can be carried out it will not affect the
position of the Royal Academy, and they will remain as
before under the immediate supervision, control, and
Government of her Majesty. I was anxious, my lords.
to make this explanation, because I was sure, as re-
garded the conduct and management of the Academy, I
could say nothing but what would redound to the credit of
that body. I think also your lordships will not object to
the view they take as regards the proposed change of site,
that the acceptance of a grant should be conditional upon
the arrangement which I have mentioned. What is the pre-
cise sum they will expend I am not prepared to state at
present, but I imagine it will be some £40,000 or £50,000,
which will be a complete equivalent for the land to be
granted to them. lam sorry to have, troubled your lord-
ships at such length—(hear) —but I was glad to have an
opportunity of addressing. you upon a subject which, from
the position I now stand in, and have stood in from my
early days—(hear, hear)—naturally possesses gt eat interest
for me. (Hear, hear.): _ _ _

The Earl of DERBY—I am surethe house is indebted to
my noble and learned friend fur the remarks which he has
addressed to us. (Hear, hear.) He has explained with his
usual clearness and precision the various arrangements
which have been made from time to time between the
Crown and the Royal Academy. I think the principle is
now recognised on all hands that while the Royal Academy
has no right to claim exclusive possession of this or that
particular building, yet it has a right to claim on the part
of the public that they shall have some means provided for
carrying on their labours, from which I readily admit the
public have for a series of years derived the greatest benefit.
I believe my noble and learned friend has only done
justice to the zeal with which these labours have been
undertaken, and to the services they have rendered to the
fine arts in this country. I should not have risen now,
as there is no particular point involved in the remarks of
my noble and learned friend, but that I think it
is expedient your lordships should be put in pos-
session of what is the real position of the Government
and the Royal Academy towards each other. Your
lordships are aware that for a series of years there has
been a growing feeling that the building occupied partly by
the national collection of pictures and partly by the Royal
Academy was insufficient, and that it was desirable to
separate ono portion from the other. For a long time the
question has been agitated whether the National Gallery
should be removed and the Academy left in possession
of the original site, but the result of inquiries by commis-,
sions and committees appears upon the whole to be that
there is no site better calculated than the existing National
Gallery for the exhibition of the pictures which belong to
the nation. That being the case, it was thought that some
other place should be found for the Royal Academy. In
that state of things the late Government purchased Bur-
lington-house, with the gardens and court-yard attached
In order to give some idea of the extent of space required,
I may state that the extent of the National Gallery is
13,000 square feet, while the superficial area of Burlington-
house and grounds is 143,000 feet, or nearly eleven times
as much. It must not, however, be supposed that there are
not numerous claims on this valuable site—(hear)—and en-
gagements have been entered into with various land
societies for portions of that space. I have here a list of
those societies which have received promises of that nature.
They are the Royal Academy, the Patent -office, the London
University, the Royal Society, the Linnpean Society, and
the Chemical Socieiy. But, besides these, the Astrono-
mical, the Geological, the Antiquarian, the Ethnological,
the Asiatic, and the Water Colours Societies, which are
now located in Somerset-house, are claimants for accom-
modation in Burlington-house, while strong recommenda-
tions have been made to the Government of allotting a
portion of this site to the Geographical and Statistical
Society. Under these circumstances you will, I am sure,
admit that it is a matter of some difficulty to meet those
various conflicting claims ; but the principle on which
the arrangement with the Royal Academy is to be carried'
out has been entirely agreed upon, the settlement of
details being left as a matter for future consideration be-
tween it and the Government. The principle of the
arrangement is this—it appears to mo to be a reason-
able one—that, in order to secure the Royal Academy from
the inconveniences attendant upon frequent change of
place, to afford them more ample accommodation than they
now possess, and, at the same time, to provide for the pub-
lic at large that amount of space which is necessary to the
adequate realisation of the specific objects which the
Academy has in view, they should, out of their own funds,
obtain for themselves a site, to be conveyed to them in free-
hold, whereby they would be relieved from all apprehension
of future removal, while the advantage would be conferred
upon the country of having a building suited to the pur-
poses for which the Royal Academy is designed. (Hear,
hear.) The proposition made to them, therefore, was that
a considerable portion of the site of Burlington-house
should be appropriated to their use, and should be male
over to them in fee simple, upon condition that upon that
site they should erect a building adapted to the purpose of
the Academy, and not in its style and character incongruous
with those other buildings which may hereafter be erected
in the same locality. (Hear, hear.) Neither the precise site
nor the exact extent of space to be allotted at Bluiington-
house to the Academy has as yet been decided upon. These
points are under negotiation ; but I understand that they
desire to have ,half of the entire frontage of the present build-
ing facing Piccadilly, and also a large portion of one of its
sides. Now, that application for no less thins half of a site
occupying 143,000 square feet is one, I cannot help think-
ing, due respect for the labours of the Royal.
,Aca-
demy, of rather an extensive character, considering that
there are six other societies to whom, as I have already said,
promises of accommodation have been made, and seven or
o)tmald,Acaindetma-
eight whose claims have been strongly pi pressed upon the
attention of the Government. (Hear.) Her Majesty's Mi
nisters, however, have deemed it right to ascertain, in the
mfirasyt inrsetaaanacnae,bwlyhatb m e
souupnpt os fe d
sPactoe_ tmh•aent t,
next place, before they allot them so, large a por-
tion of ground, to be assured that the amount of their funds
is such as would enable them to cover, either now or at
some future time, with buildings adapted to the objects of
the institution, the whole of the site which they require.
(Hear, hear.) We have taken this course because it ap-
peared to us it would be extremely undesirable and impolitic
to assign to the Royal Academy, or to any society, a con-
siderable space of valuable land, part of which, while they
did not need it themselves, they would prevent others from
occupying. (Hear, hear.) Of course, so far as the advan-
tages of securing to them a particular aspect and a suffi-
ciont amount of light are concerned—matters so necessary
for the purposes of the Academy—her Majesty'S Govern-
ment are disposed to deal with them with the utmost favour