The Sun.
London, England, 1861-01-29 00:00:00

310 NE BEET AND CITY NEWS.

------f-

CITY, Two O'CLOCK.

There has been very little activity in the Mar-
kets for Foreign and Colonial Produce during the
last few days. For tea, however, there has been a
fair demand at fully late quotations. Sugars were
dull, and only the finer descriptions realised pre-vi-
ous prices. Coffee continued in active demand, and
the recent advance has been well maintained for all
descriptions. Rice continued dull, at about former
values. In spices and fruit the dealings have been
limited ; and at the public sales •of cinnamon prices
receded about ld. per lb. on those current at the
previous auctions. Tallow has been dull, without
any material change in quotations for either pre-
sent or forward delivery, P.Y.C., on the spot, being
quoted 595. 9d. ; March delivery, 60s. ; and last
three months, 575. to 575. 6d. per cwt.
About £20,000 in Australian gold was sent into
the Bank of England yesterday.
_

The creditors of Messrs. lloldsworth and Co., at
a meeting yesterday, resolved that the estate should
be wound up under inspection.
A call of 2s. 6d. per share has been made by the
directors of the Victoria (London) Mining Company,
Payable on the 18th proximo.

The British and Irish Magnetic Telegraph Com-
pany have declared a dividend for the half-year
ending the 31st ult., at the rate of 5 per cent. per
annum.

A moderate amount of business,was recorded in
the Liverpool Cotton Market yesterday, and prices
were steady. The sales were about 7,000 bales.--

There is an active demand for discount accom-
modation, and as it is expected to ir crease, in con-
sequence of the Indian Loan, commercial payments,
&c., full rates are charged for the negotiation of
mercantile bills, and also for advances on Public
Securities.

The preparations for the half-monthly settlement
are now in progress in the Railway Share Market,
and the dealings generally have been. very limited,
'without any material change in value. Great
Westerns have declined as., and South Westerns
Midlands, and South Easterns 10s. Lancashire
and Yorkshire, and West Midlands advanced 55.,
and Manchester, Sheffield, and Lincoln, 10s.

The Foreign undertakings continue inactive.
South Austrian and Lombardo-Venetian, howover,
have improved to 12& to 121.

In the Colonial Market Great Western of Canada
are firm at 11 to 111, and East Indian declined
to 971 to 971
.3 4 •

Increased firmness has been apparent in the mar-
ket for Public Securities to-day, a purchase of
£200,000 Consols for transfer having stimulated
the upward movement ; these securities are now
quoted 91 3 for money, 911 y for the 7th pros.,
and 92 to 921- for March. The New Threes and
the Reduced are steady at 91n ;.'lndia Stock is
fiat at 216 and 218 ; ditto 5 per Cent. Loan re-
mains at 991; Exchequer Bills are fiat at 7a. to 2s.
dis. ; Bank Stock is 233.

The dealings in the Foreign Stock market have
been to a moderate extent, and prices show increased
firmness. Turkish 6 per Cents. are 70 to 701- ;
ditto 1858, 55:1 ; Mexican have advanced to 231 ;-;
Portuguese to 45-1 ; Spanish are steady at 47i;
and Sardinian at 811.

Joint-stock Back and Miscellaneous Shares have
been very :nactive, Provincial of Ireland declin eti
Os. ; and Union of Australia 105.; Electric hie-
graph Company shares are firm at 100 to 101.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities 9la 1
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 9ll i
India Stock
Ditto 5 per Cent
Ditto Enfaeed Paper, 4 per Cent. —
Ditto 5i per Cent lOO
Ditto Bonds £l,000
Consols for Account, Feb. 7 ..
India Stock for Account —
Ditto 5 per Cent. for Account 99a
Exchequer Bills, £l,OOO, lid
Ditto Small

FOREIGN FUNDS—ONE O'CLOCK
Brazilian 5 per Cent
Ditto 41 per Cent. 1860 B5l
Mexican 3 per Cent 251 3
Ditto Account
Portuguese 3 per Cont., 1.A2. 451 1
Ditto 3 per Cent., 1856, '7 and. '9
Sardinian 5 per Cent
Spanish 3 per Cent.
Turkish 6 per Cent .. 701
Ditto New Loan
Ditto £lOO Bonds . 57
Dividends on the above payable in London.
TWO O'CLOCK.
Consols, Money
911
Ditto Account

LORD B.ROUGII4III AS A FRENCH
_RET7EIFER.

The last number of the review La Critique Fran-
ease contains an article in the French language
written and signed by Lord Brougham. Tne sub-
ject is Count d'Haussonville's recent letter to the
Senate, which his Lordship speaks of in terms of
enthusiastic praise. He observes, however, that
there is one essential point of view in the political
history of the two neighbouring countries which
the able and spirituel French writer appears to have
overlooked, and that point accounts for all the dif-
ference between their political conditions at the
present day. In England the history of parties and
Political changes is a history of compromises and
reciprocal concessions, whereas in France the
"grand secret of compromises has either never been
discovered, or has exercised no influence." After
developing very shortly this leading idea the article
concludes in the following terms :—" The progress
of our institutions in England has at times been
rather slow; their amelioration has been gradual ;
but reciprocal concessions, while frustrating the
hopes of the most enthusiastic spirits on either side,
have produced a result the more advantageous to
the public interest, and with this inestimable bene-
fit, that the motion of the machine has been gentle,
Without any overturning or breaking, without even
any serious shock—at the utmost nothing more than
Just a jolt now and then—no revolutionary crisis,
to alterations of anarchy and absolutism. More
than two centuries have elapsed since our last revo-
lution ; for the event which was so called 40 years
later was but a change and a very small change of
dynasty and persons. The nearest approach to a
revolutionary crisis was the affair of 1832, in which
I took part, as being at the head of the Government
with my dear and illustrious friend Lord Grey, one
Of the most enlightened and most virtuous of states-
Men. I then thought I saw the revolution, though
still far off, and its feature 3 were such as to give
Me no desire to see it closer. If, like several of
My friends, Lord Cochrane, M. Guizot, and others,
I were to set about writing the history of my
time, I could give details which would be at
once the proof and the glorification of what I
have just said. Meanwhile I think I have explained
Myself sufficiently. It is not the first time that I
have expressed my sentiments on the grand subject
of our progress ; I have more than once touched
upon it both in Parliament and at the meetings of
our national institution of social science. But I here
take advantage of the privilege, if not the right, of
people of my age to repeat oneself. There is another
subject on which Count d'Haussonville might have
given good advice to the Senate, his country, and
Europe. I mean the general armaments—the pre-
parations for war in the midst of peace. This is the
great curse of our time. We trade, we attend to
agriculture, we cultivate the arts and sciences, but
we are armed; we support all the charges of war
in the time of peace. We go to work arm-d just
as they do in the northern provinces of Turkey,
where there is no Police ; there the peasant tills his
land with a loaded gun in one hand to defend him-
self. Europe is in just such an unfortunate posi-
tion on account of too great military display, on
t
account of armies very much larger are e neces-
sary being kept on foot. Let us hope, let us pray
that this state of things may not last too lone

VANDALISM AT HIGHGATE.—Many of our readers,
have walked down a favourite resort of artists in summer
thne, called Milfield-lane, Highgate. It is with great re-
gret we observe a wholesale cutting down of trees is taking
Place there to such an extent as entirely to destr.y the pie_
taresque beauty of the locale. If we are correctly informed,
Lord Mansfield is the great authority in that part of the
World. Should such be the case, may we entreat him to
*Pare the trees—their value can be very little compared
With the delight afforded by their presence to many a painter
aild lover of nature, who, if this destruction be persevered
17; roust be driven from a favourite haunt.—Athotatent.

PROPOSED FERRY BETWEEN SIIADWELL AND
410TIIERIIITHE.—Yesterday the standing orders were
ceuiplied with in respect of an application to Parliament
to establish and maintain a steam ferry across the Thames
r.,°ta St. Paul, Shadwell, to S,. Mary, Rotherhithe, with
tanecessary works, apparatus, and approaches for the em-
vsarking, landing, and conveyance of carriages, cattle, and
e Public. The estimated outlay is £50,000, with power
le b
eMe the orrow £
tolls: 12 500, and power is to be taken to levy and