The Sun.
London, England, 1859-05-26 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, TWELVE O'CLOCK.
Although an extensive exportation of gold to
the Continent is still kept up, the specie movement
on the whole is less unfavourable. Comparatively
small shipments of silver are now made to India,
and a further diminution is expected, owing to the
limited remittances now made on Government
account. It appears, moreover, that the supplies
of gold from Australia, America, and Russia have
satisfied the immediate requirements of the ex-
porters, and yesterday a small amount, viz., £4,200,
Was taken into the Bank of England.
The Money Market continues tolerably easy,
and the rates of discount have descended to 3 per
cent• and under. This has occasioned some dis-
cussion as to the probability of a reduction in the
Bank minimum, and various opinions have been
expressed with regard to the expediency of a
measure of that kind. While some consider that
the authorities ought to follow the movement ofi
the market others contend that the existing easi-
ness may be only temporary, and should not be
relied upon as a guide to the general tendency of
financial affairs.
The Peninsular and Oriental Company's steamer
Behar, which leaves to-morrow the 27th, will take
Out £2,000 in gold for Alexandria, and £16,250
gold and £183,500 silver for Bombay, making a
total of
£201,750. Of the amount despatched to
Bombay £152,500 is on account of the Government.
The Liverpool Cotton Market yesterday closed
°cry steadily, and 7,000 bales were sold at previous
quotations. In Railway Shares a fair amount of
business was transacted, and prices of all the lead-
ing lines advanced.
The official returns relating to trade and naviga-
tion for the four months ending the 30th April,
1859, have been published. The total declared
value of the exports for the four months amounted
to £41,851,524 against £32,951,723 in the like
period of 1858, being an increase of £8,889,801.
The increase is most perceptible in beer and ale,
coals and culm, cotton manufactures, earthenware,
haberdashery and milinery, hardwares and cutlery,
linen manufactures, silk manufactures, woollen
Manufactures, and woollen and worsted yarn. The
Importations of the principal articles have been
Smaller as regards cocoa, coffee, corn, flour, fruit,
guano, provisions, spices, and tobacco, but larger
as respects barley, raw cotton, raw silk, unrefined
"gar, tea, wine, and sheep and lamb's wool.
The shipping accounts exhibit an increase in the
!Mount of tonnage employed in the foreign trade,
zor the entries inwards, of 55,193 ; while the clear-
ances outwards have been augmented by 21i,520
s
ons.

In the coasting trade there has been an increase
1)f 431,842 tons for the entries inwards, and of
264,444 tons for the clearances outwards, compared
with those of the same period in the previous year.
No alteration has been announced in the Bank
rate of discount.
Continued inactivity has been exhibited in the
istock Exchange Markets, but the quotations have
been buoyant, owing to the purchases for invest-
ment. The rise is equal to per cent., and this
Improvement has imparted a very favourable in-
fluence to the market for other securities. Deal-
ngs have been recorded in Consols for money at 911,
92, 921, and for account at 911, 92, and 921 2,-,. The
Present price is about 92 to 921 for transfer and the
7th proximo. A purchase of £30,000 stock has
been effected for the Court of Chancery. The New
Threes and the Reduced Annuities are steady at
901 91 ; Bank Stock at 219 to 2211 ; Exchequer
Bills are flat at 18s. to 225. prem. ; India Stock at
217, ditto Debentures, at 932 4, and the Bonds at
15s. discount. The Indian Loan Scrip is steady
at 921 93, being 21 to 2 discount.
Business in the Foreign Stock Market is rather
active, and prices are firmer, Turkish 6 per Cents.
being 64 to 66; ditto New, 54 to 56; and the 4 per
7;ellts. are flat at 101; Sardinian has improved to
c ; Spanish Deferred to 271 ; Venezuelan 5 per
ents• have receded to 35 ; Belgian 41 per Cents.
Aa're.advanced to 871 ; Mexican is steady at 161 ;
B razili an 5 per Cents. are flat at 971, but the 41
Per Cents•
are firmer at 91.
• The last week's railway receipts, ascertained up
to this day, are in round figures as under :

Great 1859. 1858.
£30,.501 33,212
North-West-ernrn
hton 13,442 20,795
Midland
35,833 33,210
South-Eastern„
,reat Northern' 23,584 21,704
rileashire and Yorkshire
"rintol and Exeter 6,485 6,189
h,orth Eastern
n"01111 British 5,705 5,577
...."Iford, Worcester, and Wolverhampton 4,614 4,492
aw!st Hartlepool
(I‘..dliilvargb and Glasgow 5,928 5,568
7Ggow and South-Western
ottish North Eastern 3,505 3,455
.and Trunk of Canada
,reat Western of Canada 7,326 9,16.5
"rest Luxembourg
The above returns are, in some instances, of a
ether unsatisfactory character, more particularly
t most of the pleasure lines, but allowance must
e made for the late period at which the Whitsun-
tide holidays and the Epsom race week falls this
3:4r Compared with last. The decrease on the
"'teat Western is £2,711 ; on the Brighton, £7,353 ;
°,,° the South-Eastern, £482 ; on the Grand Trunk
f,
Canada, £32, and on the Great Western of
I,,'anitda, £1,839. The North-Western shows an
Great
of £2,557 ; the Midland of £2,623; the
Yorkshire
Northern of £l,BBO ; the Lancashire and
of £496 ; the North-Eastern 'of £923 ;
the Edinburgh and Glasgow, and South:Western
°f 4541,
in4further slight improvement has been apparent
4,,.;1" Railway Share Market, although the trans-
-11-7:4)ns have been limited. North Western, South
ja.„°tern, Manchester, Sheffield, and Lincoln, Mid-
i.' and North Eastern (Berwick), have improved
; Great Western and South Eastern, 10s. ; and
Lancashire and Yorkshire, £l.
The Foreign and Colonial undertakings have
beau very quiet. Namur and Liege have receded
t° 7r ; Royal Danish brought 111 ; and Lombardo
Venetian were nominally sto 51 for the Old, and
41 to 5 for the New Shares. Great Indian Penin-
sula remain steady at 95 to 951 ; East Indian, at
97 to 971 ; and Eastern Bengals have improved
to %fr.

Joint-Stock Bank and Miscellaneous Shares are
exceedingly inactive, and prices shoes little varia-
tion from previous rates. Ottoman Bank have
advanced 55., and South Australian Land £l.

ii
BRITISH FUNDS—CLOSING PRICES.
ii auk Stock . 219 k 211.
3 per Cent. Reduced Annuities 9l 901 11
"Lper Cent. Consols Annuities
SW 3 per Cent. Annuities!
Long Annuities, expire sth Jan., 1860.... --
1 Ditto S3O k Years'
21 expire sth April, 1885 l7l 11-16
,4clia toc7
-uitto Debentures
1))!tto Loan Scrip
!tto Bonds, £l,OOO
r
JPtte under £l,OOO
'ensols for Account (June 7) 92 1; 21 1 i 1

March. June.
t.'-hequer Bills, SLOW, 2d. & 11d.. 19 22 18 I
trazilian
FOREIG FUNDS—CLOSING PRICES.
5 er CN
ent.
Ditto Accopunt
C Ditto 1858, 41 per Cent. 9l
hilian, 6 per Cent. —
...Ditto 3 per Cent.
Mexican 3 per Cent.
?Ditto Account
erllvian 41 per Cent —
Dittotto 3 per Cent.
p Account
631
°r111;110se 1853, 3 per Cent.
to Account'
Saba: •
uatan 5 per Cent.
Dit.to A:ccelul- t ' —
79
Pailleh 3 per Cent —
Ditto New Deferred, 3 per Cent —
..„1-hto Account
l''rkl°ll G C t
~ per on
.. 631
Ditto Account
Ditto NOW Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
~..uitto Account
vene4lielan 5 per Cent.
Dividends on the above payable in London.
Bel
ia
bat 14 41 per Cent., E. 25f, B7/,
ijietil xchange 12Guil. 21
to E
Certificates, 4 per Center Cent
91
THREE O'CLOCK.
Consols, Money 92k 4
Consols for Account, June 7

Ern ' PRNMENT EMIGRATION. Her Majesty's
te,„gration Commissioners have given notic. forto their in-
, '4"on to receive tenders to-day (Thursday) a ship to
t'l:oceed t o Moreton Bay, to be ready for the reception of
tnsengers on such day as the Commiesioners may appoint
'vween the 14th and 21bt of July.

SHARE MARKET.-( THIS DAY.)

ORDINARY SHARES AND STOCKS.

Sharel r m
'•
Ip.. I Closing \ business
Railways. '''' Price.
1?..10 , Amberg., Notting. Bost.,
and Eastern Juor,fion 10 51 51
50 Belfast and Ballymena all
13.14 Bir., Wol., and Str. Val all 7 8
Stork Birk., Lane., and Chesh
Junction lOO 57 59
25 Blackburn
25 Blyth and Tyne all 32 85
Stock Bristol and Exeter
Stock Caledonian
Stock Chester and Holyhead
50 Cork and Bandon all - • --
20 Cork, Blkrock,&Passage all
20 Cornwall all 4 5
10 Do. Af A rcves. no div
until6p.c.per an I all
10 Do. B all
hasbeen pd.toß.
50 Dublin andßelfast June. all
25 Dun.,Perth,& Abr.Junc all 8 9
Stoc!i East Anglian lOO 13 14 131
Stock' Eastern Counties lOO 52/ 531 53 4
Stock Eastern Union A Stock 100 35 40
Stock Do. do. B Stock 100 25 27
25 Do.Nw.A.(lte.E.U3ds) 84
25 East Kent all 12 14
Stock East Lancashire lOO 83 85 84
20 East Suffolk all
10 Do
Stock Edinburg and Glasgow 100 68 70
Stock Edin.,Perth, & Dundee. 100 23 25
10 Forth & Clyde Junction all
Stock Furness
Stock Glasgow & South Westn lOO 89 91
10 Great North of Scotland all 10 101
Stock Great Northern lOO 96 100 97 95
Stock Do. do. A Stock lOO 72 81 77 80
Stock Do. do. B Stock lOO 127 132 127 30
Stock Gt. South.& Wstn.(lreld) 100 102 104 103 2
Stock Great Western
Stock Do.Str.Vl.Rail GUR.Stk 100 50 65
12 Irish South Eastern all „—..
50 Lancaster and Carlisle all 70 °°
164 Do. Thirds
1613 4 Do. New Thirds l6 9 8619 pQu
Stock Lancashire & Yorkshire 100 0•3 —4
16 Do. do. F £l6 6 1/ lid
i
9 Do. do. £9 shares 7 l lid
3 Do. West Riding Union 5
20 Do. Southport
Stock London and Blackwall all 59 Di ''‘
Do.Newies.at .Cslosp.sh —
108 110
Stock Lon.,Brihton &S.Coast 100
Stock London & North Westn 100 87 88 87 4 1
121 Do. Eighths
Stock London& South-Westn lOO 87 88 872 64 72 1 1
25 L'derry & Coleraine all
25 L'derry & Enniskillen all „5 7 „,
StocklMan., Shet., & Lincoln lOO 34 34 ""2 4 I
10 Metropolitan
Stock Midland lOO 94 95 914 i 5
Stock Do. Birming. & Derby. 100 69 71
50 Mid. Gt. West. (Ireland) all
25 Do. 4 Shares all
103
100 Newcastle and Carlisle. all
25 New., Aber., & Herefd. all 9 11
10 Newry & Armagh (def.) 9
20 Newry, Warpt., & Ros all
Stock Norfolk lOO 55 55
50 North. Counties Union 3l 35 d
Stock North British lOO
51 523 514
Stock Nor.Dev.Rail.&Dk. Stk. 100
Stock Do.A Stk.— Arec.no div.
until 6p.e.hasbeenpdß 100
Stock Do. B Stock
Stock North-Eastn.--Berwick 100 841 854 "'t
25 Do. do. G.N.E.Purchase 1613 4 2 25 d d
Stock Do. Leeds lOO 42 13 421
Stock Do. York lOO 6§ 70 691
Stock North London lOO 100 104
10 N. &S.Westn., Hampstd
and City Junction.— £3 is.
20 North Staffordshire 174 54 44 d 124 4
20 North-Western
10 No. & Sou. W. Junction all 6 8
Stock Oxford, Wor.,& Wolver lOO 27 29
10 Peebles all
20 Portsmouth
10 Rhvmney lO
itock Scottish Central lOO 105 107
itock Scoth. N. E., Aber. Stock 100 22 24
itock Do. Scottish Slid. Stock 100 78 80
itock Shropshire Union lOO 41 43
10 Sittingbourne & Sheer all 5' 4 d
itock South Devon lOO 39 41
itock South-Eastern lOO 62 63 C 2 1 1
Stock South Wales
20 SouthYorks.&Riv.Dun all 63 67
20 Do. do
20 Staines, Wok., & Wek all 8 !1
25 Stockton & Darlington all 35 36
25 Do. do. 1855 7
25 Do. do. 1858 t 7
Stockton & ilartlepool 161
3tocklTaff Vale lOO
;tock'Do. Preference, No. 1
25 ThamesHavenDk&Rail 22
itock Vale of Neath lOO 55 65
itockWaterford & Kilkenny, 100
50 Waterfordi & Limerick; all
20 'West Cornwall I all 55 64
10 W-end Lon. & Cry. Pal ; all
5 Do.A.—Arecv.nodiv.till,
7 p.c. has been pd. to B all 21 81 3
5 Do. B all 7 71
20 West London
10 Do. Ist Class all ,
20 Do. 2d Class

Stock
50
Stock
Stock
Stock

Stock
Stock
25
Stock
Stock
Stock

Stock

Stock
Stock
Stock
Stock
10
Stock
Stock
Stock

Stock
Stock
25
Stock
Stock

BRITISH POSSESSIONS.

Buss
Share Railways. Dons.
!Paid. I Cpir°iBcein.g sine

I® Atlantic &St Lawrence, all 77 79
ce Leased at 6 per nt .1
18 Born.,Baroda&Cent.lnd 131 154 164 16}
cu. 5 per cent
18D
18 Do. Addit. Capital A 6 24
2d 61
18 Do. Do. B 41 24 2 d
201 Buffalo and Lake Huron all 4 5
204 Do. New l6} 51 64d
100 /Buffalo,Brant&Godrich 100
6 p. ct. bds. 1 Aug., 1872
100 Do. do. 1 July, 1873 100
190 Do. do. 1 June, 1874 100
20 Clcutta.&S.Eastrn.Lim. 1. 3. 0. Id par
20 Cape,Eastn. Prov.(Lim.) 28.
20 Cape Town & Dock Scrip 25. 15 id
20 Central Oude (Limited)l2B. 6d.
20 'Ceylon Guaranteed 6p.c i 75 1 d
175 Demerara I all
20 Eastern Bengal.gu.sp.c 1 5 21 2d 14
Stock East Indian, e,u. sp. c lOO 96 98 97 64711 7
20 Do. C Shares all
20 Do. E Shares Ext l5
20 Do. Jubbulpore 5
100 D 0.41 p.c. Bds. pay.'s9 all 98 100 99 81 100
20 Geelong&llTel.gua.sp. c. all 18 20
Sto. f(
Geelong Corporation 6 Ow
per cent. Bonds
Stock Grand Trunk of Canada 100 31 33 31
100 Do. 6 p.c. Deben.,pay.'7B all 70 73
100 Do. 6 per cent. Pref.._ 100 89 91 90
20 Gt.lndiaPenin.gua.sp.e. all 95 96 95
20 Do. New, gua.s per cent. 4 15 1} . 21
20 Do. do
20 r Gt.S.of Ind.Lim.—Scrip 2s. 2} 11
( guaranteed 5 per cent.
201 Gt.W. of Canada Shares all 13} 14
201 Do. New
100 I Do. Bonds pay. '76,with 1 all 100 103
( opt. till '6O
100 Do. do. '73 till '6O
100 Do. do. "/3 without opt all 100 103
100 Do. 55 p. c. do. '77 do 1 all 95 98
20 Madras, guar., 41 p. c I all 16 17
20 Do. do. 5 per cent all 174 18; Zlal
20 Do. 41 p. c. Extension l5 164 174
20 Do. Third Ex. gua.s.p.c l5 21 2 d
20 Do. Fourth do.
Stock Melb. Corp. 6 p.c. Bonds 100
20 {Newßrunswick&Canda.
Ry.kLand(Lim.)g-,6pc ilO —d
Class ACapitl.sllltre..
• Do. do. Land d 0... i. •
20 Do. do. B. Capital do. 1 --d
• Do. do. Land do. I
20 (
Northof India Tramroadl 2s.
Limited, Scrip
20 Oude (Limited)
20 Scinde
20 Do. t all 18 19 18
20 Do. New
20 Do. Punjaub 1 105 di
d 3}
20 Do. Indus. St. Flo. tip 10 2 11d
120 St. Andrews & Quebec A 18
10 Trinidad(Limited) Scrip 1 id par
FOREIGN RAILWAYS.
10 Antwerp & Rotterdam all 31 31
20 Ardennes all p
20 Bali.&S.Fran.,Lim.7p.c 3 2 11
5 :Belgian East. Junction all 1 f
20 ;Beziers to Graissessac all --
5 Carmeaux Mine & Rail all 1; 21
20 Dutch Rhenish
6 Eastern of France all 23 24
20 Euphrates Valley 2s.
20 Great Central of France all
20 Gt. Luxem., Con. she , all 44 41
10 Italian Junction
20 Lake Constance & Bale all
20 Lierre and Turnhout all
20 Lombardo Venetian 2l 23d
20 Lucca& Pistoja, 5 p.c.f all
20 Lyons and Geneva all
335 Maria Antonia all
20 Do. do. New
20 Namur and Liege all 7 8 71 }
20 Do. do. 6p. c. Pref all 17 18
16 Northern of France
20 Do. New Shares
10 Norwegian Trunk Pref all 8 9
20 Ottoman, gua. 6 per cent 7
20 Parig,Lyon a, and Medit. all 301 311 31
20 Paris and Orleans all 46 48
20 1 Recife& S. Fran. (Pern.)
gua. 7p. et. (Lim.) 4 3 d,
20 Riga and Dunaburg 4
10 Rome and Frascati
20 Royal Danish all 111
5 Royal Swedish
4 Do. 7 per cent. Pref.
20 Sambre and Meuse all 41 5
10 Do. 51 per cent. Pref all 75 131
20 Southern of France
8/ West Flanders all 5} 51
10 Do. 55 p. c. Preference
20 W. & N.W. of France all ,19 20
20 Western of Austria 6
20 Western of Switzerland all
6
Wiesbaden
6 Do 8 per cent. Pref all
20 ,Zealand all

BRITISH MINES.

Mines.

raid. \ Closing Business
Price. Done.

Alfred Consols (Philack)l 2.11.10 6 7
20 British Iron
Condurrow (Camborne) 2O
10 ;Devon G. Cons. (Tavist ) 1 450 460
East Bassett (Illogan) 3O 105 205
Great South Tolgus l7s 13 14
G.Wheal Alfd.(Phillack). 11.18.8 15 2
G. Wheal \Tor (Helston) 91 1 4
Lady Bertha
North Frances (Illogan) 181 1 74 81
!North Wheal Crofty 7.9.4, 6 7
N.Wh'l Basset (Illogan) nil. 75 85
Par Consols (St. Blaxy) 14 125 135
... Porkellis Unit. (Wend.) 9
ISortridp;o Cons. Min. Co. 60 1 ;
.SouthCaradon(St.Cleer) 21 235 245
!Sol. +II C. Brea( Illogan). 2! 21 21
IS Wheal Fran. (Illogan) 18.18.9185 195
5 Tamar Silver and Lead
Mining Co :45 1 21
10 Tin Croft 9 41 41
UnitedMincs(Gwennap) 40 -
Vale of Towey (Carm.) 12s 6d —
4 4
rfr
I est Basset (Illogan) l4 22 23
W. Caradon (Liskeard) 2O ,110 115
Wheal Basset (Mogan) 5l 1190 200
Wheal Buller at edruth) 5 115 125
Wheal Edward (Cale.) 55 14 24
Wheal Kitty (IJ. Lelant). 1.7.2 'lO 11
Wli'l Mary Ann (Menhe) 8 145 47
1 eirli'l Trelawney (Lisk.) 45 '3O 32
FOREIGN MINES
20 Australian 1 78 f i
1 Bon AccordCopper,Lim los la par
35 Brazil. Imp. (is. at £sp.) 27 5 15
20 Do. St.Johndelßey,Lim. 15 9 11
5 Do. Land and 3liningCo. all
1 Clarendon Consols Min-
ing Co. of Jamaica
40 Cobra Copper all 37 39
Copiapo l6 911
1 DunMoun.Cop.Ming.Col all 1 4
2 Fortuna
20 General I all 22 24
3 Linares all 84
5 Lusitanian
d
1 Mariquita all 5
1 New Granada all
1 N.RhineCop.of S.Aus.L 10 1 1 p
20 Pontgibaud Silver, Lead
Mining and Smelt all I 3 4
5 Port Philip ' 1 i i
30 Santiago de Cuba l6l ---
28.2.811 United Mexican

JOINT-STOCK BANKS.
Share) Joint-Stock Banks. Paid.
1 Closing Business
Price. Done.
100 Agra&UnitedServiceßk! 50 68 70
40 Australasia all 82 81 824 3
25 Bank of Egypt all 19 21
100 ;rank of London 5O - -
40 I Brit. Col. Bk. & LoanCo all - -
60 I British North American all 55 57
20 1 Chtd. Bank of India, &c 12 24 14 d 10 94
100 'City
100 Colonial - --
20.11 'Com. Bank of Canada all - -
100 Commercial of London 2O - -
20 Eng., Scot., & Aus. Ch all 14 16
20 Gen. Bk. of Switzerland all - -
20 Lon.Char.Bk.otAustral. all 214 224
50 London and County - - 29
50 London Joint Stock - - 304 4
100 London & Westminster. 20 - -
100 Nat. Prov. of England. 35 - -
20 Do. new lO - -
50 National Bank 25 - -
20 New South Wales
25 Orient .Bk. Corporation all - -
20 Ottoman Bank all 144 154 154
Provincial of Ireland
10 Do. New all - -
25 South Australia -
25 Do. New - -
25 Union of Australia all - - 49
25 Do. New 2O - -
51 Union of London , 10 -- - 24 4
100 Unity Mutual 6O - -
100 Western Bk of London 50 - - d
__-
COLONIAL GOVERNMENT SECURITIES.
- Paid. ,
'
Share Securities. I Closing Business
Prices. Done.
-- Can.Gov.6p.c.Ja.& July 100 112 113 11244
- Do. 6p.c.Fb.&Aug.c. 100 110 112
- Do. 6 p.c.Mr. & Sep. 100 110 112
- N.8.G0v.6 p.c. Ja. &July 10C 108 110 100
- Do. 6p.c.Ap. & Oct. 100 -•--
- N. S.W. Gov. sp. c. Deb. 106 98 160
- NovaScotiaGov.6 p.c. St.
Deb. redeemable, 1875 100 107 109 1084
- S,Aus,Gt,6pe,Jan&July 100 107 109 109
- Viet•Gov,6p,o,Jandauly 11)0 - -
.... ,
MISCELLAI EOUS.
Share Closing Miscellaneous. Paid. Business dons
Prioe.
______-----
10 Anglo-Mexican Mint .. all 13 14
1000 Atlantic Tel. (Limited). all 150 200
25 Australian Agricultural 19 26 29 27
10 Australian Royal Mail .1 all 4 i
10 Berlin Water Works ... , all 2
10 Do New, issued at C 5 dis ? -
50 British American Land V, 25 28
all 12 14
i7r ipa.hcid. tai gl
1. T 1
g ;2A. ; all l l
19 3521
100 Canada Land
20 DBD rooi
..t
c. B&,. . ,
324 108 115
Sinlif - -
Bak CCohalli all 254 241
25 Do. Preference 74 per c
11 14 li
ilins 1 aoni dEsnTg el.
i. (L ira . ) a 1 1 8 9
5 Crystal Palace.....
all
5 Do. Preference
all 45 5 4
- -
20 Eastern Steam
Stocki
EIE.I liniecrgo.tp&ri. c4:ATyensitde g.c.Trounapp.cisit.t.
~.rc.c.ol 1 111000,11 910 102 100
' : --
, 24 31
9 Europ.&Am.F, tm.(Llin.) ail
- -
20 GLlron Screv, Col.(Lim all
15 Gen. Steam Navigation. 14
20 Loudon Discount ... .
4 Lond.Gen. Omnibus Co. allnaltll:
71194 18:
.41 .
80 i
10 Mediter. Electric Teleg. all -
_lO5 3,NDpi:eerdslt.phitE.
coi.xvfretir,.neuLf.r.:::nps'el. (Lim.) all 41, 5
25 National Disekunt Co 5 11 11 d 35
10 Netherlands Land 6 - -
10 Do do all - -i
1 Orie.nNavtea‘olvns.
501 F
.D
eon. Gas
ehn 1
Oriental
Ids: .
Steam,
et
t:ameidaii
mns
1aa511181.11. : : 12:
100 N.Br.&NovaScotiaLand 80
201 N.B.Australasian (Lim.) all I tr z
5200
Red Do. Nseeawii,
1:115 ; Dsßite
ohoo 7. t . naNine3uNervs Yat
ir.
lIIIIg .1,..e
0. . . . .. 1
aaloll
ll
110057: 112:754
la6oollll 12'52:54 2415:
36 i
25 South Austral.ein'alanni:7(..:L..:.ng:::
1 Submarine Teleg, scrip.
1 O. do Registered .. . all i 4
SO Trot LE.Co.of:Upr. car. . all i 4
k
100 Van DiemelVe Land ss
4. I. s 14

LAW INTELLIGENCE.-(THIS DAY.)

COMMENCEMENT OF TRINITY TERM.

This morning the courts of law resumed their sittings at
Westminster at the usual hour. In consequenco of there
being on this occasion no breakfasting with the Lord Chan-
cellor, there was nothing to distinguish the commencement
of term from the ordinary daily sittings.

COURT OF CHANCERY.
(Before the Lord Chancellor.)
JUDGMENT.-JOLLY V. ARBUTHNOT.

This is an appeal front a decision of the Master of the
Rolls, relative to the property and effects of Colonel Waugh.
He purchased the estate of Banksea, and mortgaged and
re-mortgaged it on several occasions, which were paid, and
finally let it to himself and then became bankrupt. The
contention involves the question of title to the sum of
£3,500, the produce of a distress levied on certain chattels
belonging to him on the estate of Banksea. The case was
argued last term, and stood over for judgment, which was
delivered this morning.

The Lord Chancellor said—Thsre can be no doubt that
the intention of the parties was to create a tenancy to
enable the mortgagor to pay off the mortgage debt for
which the estate was finally mortgaged, and the question
is, whether they have legally carried out their intention.
Colonel Waugh, atter paying off all his mortgages on the
estate on 12th October, 1855, executed the deed which gave
rise to the present question. The deed was executed in
favour of the plaintiff, Mr. Jolly, for £36,000, payable on
the 12th of May thereafter, and trustees were appointed
to carry out the purposes for which the deed was
granted to pay, or secure a part of the mort-
gage debt, £3,500, to the plaintiff. Col. Waugh entered into
possession of the estate, and farmed as tenant to the mor-
gagee. A distress was levied, and the question raised was
whether under this deed, which disclosed the landlord, there
was a legal attainment by him as tenant. His lordship
considered that under this deed the landlord, Colonel
Waugh, was entitled to farm as tenant to the mortgagee,
and that the appellant, Jolly, was entitled to the sum of
£2,750, recovered by distress, in preference to the official
assignee and official manager on Colonel Waugh's estate.
His lordship varied the decree of the Master of the Rolls to
this extent, and allowed the appeal with costs of suit, but
without costs of excessive distress.