The Sun.
London, England, 1850-08-19 00:00:00

Chenina "Atit

LONDON, MONDAY, AUGUST 19, 1850.

Much has been said both in and out of Parliament
respecting " the estate" that had been sold by the
Commissioners for one and a half year's purchase on
the profit rent. Many arguments were founded on
the transaction, as being little better than " confisca-
tion," exhibiting gross recklessness on the part of the
Commissioners, and an utter disregard of the in-
terests of the unfortunate inheritor, and still more
unfortunate puisne incumbrancers. It was considered to
be indeed " an alarming sacrifice," showing that there
was no reserve, and that properties would be disposed
of, at any prices, however inadequate, that might be
offered. Tha admitted facts of the case afforded
ample corroboration to these statements. The lands,
containing nearly 8,000 acres, were a part of
a large estate, held altogether for a long term
at the yearly sum of 193/., or thereabouts. It was
stated that they produced a yearly income of 6011.,
leaving a profit to the proprietor of something more
than 400/. per annum over and above all outgoings ;
and if there was any mistake or error in the assertion
the Commissioners were, to a certain extent, at least
parties thereto, inasmuch as they placed the entire
head rent reserved by the original lease on it alone,
and disposed of the remaining lots, free from any
claim on the part of the landlord. It was one of the
first estates brought to the hammer, and was knocked
down for 6001., er one and a half year's purchase.
This early sacrifice had a very deteriorating in-
fluence on future sales. It went forth to the world
that a person might become the happy proprietor of
an extensive territory—as large as some of the Ger-
man principalities—comprising thousands of acres, at
a mere nominal price. Persons at a distance were
deterred from competin.; for really valuable proper-
ties on the supposition that there must be " some-
thing rotten in the state of Ireland," or that such a
transaction could not possibly have occurred. While
AU envied the fortunate purchaser hid extraordinary
3qUi4itiOtl some of the over•cautious determined to
seek other wad safer ample for..investrieni, while

even the more daring held aloof, hoping that some
similar " God-sends" might fall into their hands, and
determined to keep their ready money available for
the golden opportunities that might arise. It is by
no means improbable that the net proceeds of the dif
ferent sales were diminished by many thousands of
pounds sterling, in consequence of the extraordinary
bargain that had been obtained in the first iustance.
These opinions were, however, in some degree
shaken when the " lucky purchaser" desired to sur-
render his " bargain," and to relinquish the extraor-
dinary advantages he had obtained. He was even
willing to pay the coats attendant on a re-sale if he
might be excused from completing his contract.
His application was readily granted. The Commis
sinners were only commencing their career ; they
were probably desirous of exhibiting an off-hand
mode of doing business that might invite future
custom, and perhaps felt some compassion for a man
who had gone beyond his means by bidding a higher
sum than he had available; besides, there could be
but little prospect of loss, as 8,000 acres of land
would surely at any time produce far more than 6001.
The sale was consequently annulled, and the lands
again set up for competition at the " new auction
mart" in Henrietta-street.

We believe that there was not on that occasion any
allegation of fraudulent or unwarrantable represen-
tations being contained in the printed rental, which
constituted the basis of the contract between the
vendor and purchaser, and on the faith of which the
bidders were invited to come forward. Had sueh
been the case the purchaser would have been dis-
charged 'x debito justitice, as a matter of right,
not of favour, and would have been en-
titled to receive, and not ordered to pay,
costs. The rental and conditions of sale would also
have been revised, so as to prevent the possibility of
a similar mistake occurring a second time. Nothing
of the kind, however, took place. The first purchaser
did not make any objections to the rental. He did
not assert that the real facts of the case had been in
any degree perverted, or that he had been deceived.
He was, as we have already stated, discharged
as a matter of grace on payment of costs, and the
lands were again set up without any alteration in
the printed particulars. These facts afforded the
strongest corrobaration of the accuracy of the pub-
lished rental. The estate submitted to public compe-
tition was held for a term equivalent to a perpetuity,
and produced, at least, if the tenants satisfied their
respective liabilities, a clear profit rent of 4001. per
annum. Beggarly, however, and inadequate
as were the offers at the first auction, those
at the second were far worse, and the lot
was eventually knocked down for 4501., or
little more than one year's purchase on the profit rent.
The astonishment and surprise of those at a distance
reached the highest pitch at this almost inexplicable
transaction, and the Learned Commissioners incurred
heavy odium for permitting so great a sacrifice.
The mystery has, however, et length been brought
to light, a full explanation has been given of the affair.
An application was made on Thursday on the part
of the second purchaser to be released from his
" wonderful bargain,"; but on very different grounds
from those put forward by his predecessor. There
were, it appeared, no less than 19 misrepresentations
in the printed particulars. The property was appa-
rently a damnosa hereditas, involving considerable
responsibility and but little expectation of profit to
the proprietor. In place of yielding 400/. per annum
to the proprietor, it had not for some time yielded
sufficient even to satisfy the claims of the head land-
lord. This might possibly be attributed to the tem-
porary depreciation of property during the Irish crisis,
but the rental was altogether of a fanciful character,
without any foundation in fact; as the Chief Commis-
sioner declared in his judgment, "it was all a fiction,
there was no truth in it."

Under such circumstances, it is almost unnecessary
to add, that the purchaser was ,discharged, and de-
clared entitled to his full costs, which are to be paid
by the party having the carriage of the proceedings,
in the first instance, bat if he should be unable to
satisfy the demands, they are to be liquidated out of
the funds in the matter, in priority of all other
claims. The Court justly exhibited the utmost dis-
pleasure at the deception that had been practised, and
directed that the party responsible should not have
his costs on the sale of the lot, and that the costs on
the whole should be stayed until the matter was
brought before the Court for its consideration, when
(it was intimated) "considerable deductions might be
made, or perhaps he might find that he would get no
costs."

This is as it should be. Where the process is so very
summary, and it is so desirable to gain public confi-
dence, it is essential that no wilful deception, or even
the slightest exaggeration, should be tolerated. It
must not be supposed that the rentals are merely
framed "f )r sale" and "not fur use." :We are rejoiced
to find that so salutary an example has been made,
and still more so at discovering that a matter which
had been made the foundation of serious accusations
against the Commissioners, has been exhibited in its
true light, and that the grave charges have in this
instance at least been fully and completely rebutted.

The months of February and August are generally
looked forward to with intense anxiety by all persons
interested in railway property. The general half-
yearly meetings of the various companies throughout
the country take place at these periods. The position
and prospects of the several undertakings are then ex-
plained, the amounts of profits and loss submitted for
general inspection, and dividends declared for the pre-
ceding six months. These are the seasons when di-
rectors must be prepared to submit to searching cross-
examinations as to their course of policy, and to
afford every information that can reasonably be re•
quired. There are now, fortunately, no concealments
—every point connected with the working expenditure
or profits of the lines is fully and clearly placed before
the shareholders. There are no over -sanguine estimates
of future earnings, no gorgeous visions of " the good
time coming" to dazzle shareholders. The plain and
simple truth is detailed, clad in the sombre garments
of sad reality. Where there has been unquestionable
success, the proprietors are cautioned against
permitting themselves to be carried away by
the existing prosperity, and where there has been
comparative fdlure, the real facts are set forth with-
out disguise, no artificial means being resorted to in
order to enlighten the gloom of the moment. Divi-
dends are no longer paid out of capital ; on the con-
trary, not only is ample provision made for every
legitimate expenditure, the maintenance of the perma-
nent way, the keeping up of the locomotive power in
full efficiency, but, wherever practicable, a considerable
reserve fund is retained in hand, to provide against
any possible contingencies, and to guard against the
danger of any reduction of dividends below the re-
duced amount distributed during the last year. It
may, indeed, be questioned whether directors are not
felling into the opposite error from that formerly as-
cribed to them, and whether they are not exhibiting
a degree of over-caution which, although not as much
to be deprecated as the previous rashness, being
unquestionably a mistake on the right side, and cal-
culated to regain the public confidence, is yet scarcely
fair to those having only life interests or other limited
eatates in the companies' stock, and who may reason-
ably complain at being not merely deprived of the
temporary use of the money to which they were en-
titled, but at its being set aside to -accumulate ulate for
the benefit of remainder-men, or for shareholders not
entitled to participate in profits until some future
period. lt seems that there is a juste milieu, a
happy medium that should be observed, 50 that
while the utmost care is taken to prevent any sum
being improperly charged to the capital account, and
to ascertain that every shilling of what are styled
" the net profits" bad been fiithfully earned, the
existing shareholders should be allowed to receive the
entire amount of the balance at the disposal of the
board.

cef e;, rand the enormous profits realised by the early
sh:sr6liolders, that the excitement was owing which
lea. to the over-rapi I expenditure of capital, and the
pr emature construction of various branches, which as
y: er, at least, have not realised the anticipations of the
al eareholders. It is, if not " the first," at least one of
t 1 se earliest to feel the effect of the general condition
o f the country. When trade id flourishing and
n tone), abundant there is a manifest improvement in
ti se traffic, which, if not yet perceptible in other dis-
ti icts, may be confidently expected to appear very
• edily. Liverpool, Manchester, and Birmingham,
TR.hich may be termed par excellence "the conamer-
cis' districts of England," will be the first to suffer
from any depreciation, or to benefit by any
:improvement; but similar results will speedily follow
in other localities, even the most agricultural, for
the interests of trade, commerce, manufactures, and
agriculture, are more closely and intimately con-
nected than is generally supposed to be the case.
Nothing could be more cheering than the state-
ments elicited at the meeting of this great company,
held at the Euston•square Station on Friday last.
Although the first half of the year is invariably
less profitable than the second, not only has the
dividend declared in February been fully maintained,
but a very large addition has been made to the reserve
fund, which now amounts to the enormous sum of
144,7211., and the gross receipts from traffic exhibit
an improvement of no less than 77,2411., and on the
net profits of 69,7841., beyond those of the last corre-
sponding half-year (when a dividend was declared at the
rate of 7 per cent.), and that although " the com-
pany had been subjected at various points
to severe competition, and that many of the
lines calculated to draw off a portion of the traffic
long enjoyed by the North-Western have been in full
operation." These are indeed cheering facts, and were
received as such by the shareholders. The only
points of difference on the report arose on the amount
of dividend, amendments being successively proposed
to the effect that 5i and 6 per cent. should be distri-
buted, the former of which would have left a balance
of 101,0001., and the latter of 52,568/., to the credit
of the reserve fund. On division, however, the views
of the directors were sustai :ed, and a dividend de-
clared after the rate of 5 per cent. per annum only,
a rate that may be regarded as being as safe as that
of Consols ; perhaps more so, as it is tolerably well
known that Sir CUARLE3 WOOD is exceedingly
anxious to signalize his financial administration by
a reduction of the Three per Cents. to 2/ or 21. On
the whole, however, although we think a larger
amount was honestly earned, and might fairly have
been divided, we cannot blame the proprietors for
supporting a board who have proved themselves so
deserving of their confidence, and carrying out in
every respect the views put forward in the report,
although involving a temporary sacrifice on their
parts.

THE FRENCH REPUBLIC.

We have received the Paris journals of Saturday
and yesterday.
The accounts of the reception of the PRESIDENT
in the Departments are most contradictory ; the
journals of the Elpee represent it as being more
gratifying than even his most ardent friends could have
hoped or expected ; while the Legitiniatist and Re-
publican journals, on the contrary, state that he was
everywhere greeted with overwhelming cries of
" Vive Ia Republique!" mingled with some cries of
"Viva la President !" " Vive Napoleon !" but that
the cry of " Vive le Empereur !" was scarcely
heard.

The Moniteur publishes the official text of the re•
ply of the PRESIDENT of the Republic to the request
of M. NOISOT that he would release M. GUINARD
from prison. It is as follows :
"I confess that I did not expect, at such a place, and
at such a moment, that a reproach would be addressed to
me—and what a reproach ! on the subject of an act re-
quired
from me, without reflecting that it is interdicted
to me by the Constitution. Is it not known that the
prisoners, whom a sentence of the High Court of Jus•
tice has sent to Doullens, can only leave it by a decision
of the Assembly. As for me. with respect to all, little
or great, innocent or guilty, I have only one duty to
perform—to secure in the intere,t of society the execu-
tion of the law on those whom it has condemned, as I
have sworn to ensure protection to all the members of
the nation. Have I not faithfully kept my. oath ? Is
not the law sovereign and respected ? Do not, then,
ask me to do what I cannot do without violating it.
Let the Assembly pronounce, and I shall know how to
execute its decision, and cause it to be respected."
This reply has given great offence to the supporters
of the Assembly ; they accuse LOUIS NAPOLEON of
taking credit to himself for every act likely to confer
popularity, whilst he seeks to throw upon the
Assembly the responsibility of all measures of
rigour. From Dijon the PRESIDENT went
to Chalons, where he reviewed the troops.
Here he quitted the railway and embarked on board
a steamer to proceced to Macon by the river, stopping
at the various towns situated on the banks. At
Tournous, the municipal authorities, beaded by the
Mayor, an aged man, came on board, when the latter
delivered an address, which concluded as follows :
" The star of honour which gleams in the arms of this
town reminds the inhabitants without ceasing of your
uncle, Napoleon-le-Grand, wbo in according them
that glorious recompense imposed on them the duty of
remaining always worthy of it. Consequently order
and wise liberty will not have any more energetic
defenders than the sons of those who in 1789 disper,,ed
the bands of incendiaries, and of those in 1814,
who, guided by the purest patriotism. combated for
the freedom of the sacred soil of their country. The
whole town, Monsieur le President, by my voice,
draws your attention to the deplorable state of our
port. As you can yourself ascertain the exactitude of
my assertion, it feels no doubt that the interest which
the town is most anxious about will receive from you a
just satisfaction. Vive lc Preiident de la Republique!"
The PRESIDENT replied that " the town of Tournous
was worthy of all his solicitude, both on account of the
patriotism of its inhabitants, and for the affection which
the Emperor had entertained towards it ; it richly
merited the arms which the great captain had endowed
it with; and as to himself, he would take into serious
consideration the request just made rOdtive to the port."
The cure also briefly addressed the PRESIDENT to assure
him of the devotedness of the clergy, and of their
ardent prayers for his preservation and for the welfare
of France. The PRESIDENT thanked him in warm terms.

There is something approaching to the burlesque in
commencing with a magnificent allusion to the star of
honour, and ending, like a begging letter, with
" the deplorable state of the port," and the " just
satisfaction which they hope to receive from the band
of the PRESIDENT."

At Macon he was fated by the authorities, and pro-
ceeded from thence to Lyons. Here he was received
in grand state, and in answer to the address of the
Mayor of Lyons, he made a speech in which we find
the following significant passage :
"I am not the representative of a party, but the re-
presentative of the teo great national manifestations
which in 1804, as in 1848, have desired to save by order
the great principles of the French revolution. Proud of
my origin and of my flag, I will continue flithful to
them. I shall submit myself entirely to the country,
whatever it may require of me, be it abnegation or per-
severance. Rumours of coups d'etat may have perhaps
reached you, to which you have given little heed, as I
thankfully acknowledge. Surprises and usurpations
may be the dream of parties who have no support from
the nation, but the man chosen by six millions of voters
executes the will of the people, and does not betray
them."

The allusion to 1804 has given deep offence to
Legitimatists, Orleanists, and Republicans, and, taken
in conjunction with an article which appears in the
Pouvoir of Saturday, and which is entitled "What
we Want," seems to indicate pretty clearly the inten-
tions, if not of Louis NAPOLEON, at least of his par-
tisans.

The meeting of the London and North-Western
Railway Company is, perhaps, of all others the most
anxiously looked forward to. The "Leviathan," as
it has been justly termed, has ever taken a lead in
everything relating to railways. It is not merely
the amount of capital embarked in the undertaking,
or the well-tried and unquestionable integrity and
experience of the directors and managers, but
that there is no company in the northern division of
the kingdom that is not more or less concerned in its
condition and progress. It may, to a certain ex-
tent, be regarded es an index exhibiting the state of
railway prosperity. It was to its extraprdicary

-------
The Pouvoir says it wants the Constitution so
altered by the present Assembly as to enable Prince
Louis NAPOLEON BONAPAETE to remain head of the
State with two chambers, and that the Constitution
so altered should be submitted to the country for its
ratification.
The Constitutionnel, which is the organ of the
Ministry, thus comments on the speech of the PAESI..
DENT at Lyons :--
"'The noble and courageous confidence of the Presi-
dent is certainly connected with the change that has been
operated in the minds of the people of these departments.
Such is the French nation. It meets half way tho,e who
go to it with complete openness of heart. The enthu-
siasm of the populations for Louis Napoleon is incontes-
table.
sitsa titohniss hdaivrfee r
eenv
ce
er, wetw
evperri n,
raTharieri
There are people who indeed say, that such
cebsetwefeenallthekipnadsst.
and the present:—ln meeting the representatives of
hereditary monarchy people thought they were paying
homage to the eternal and permanent possessor of power.
Today they hail a man whose legal power ought, ac-
cording to the Constitution, to expire within a short
time. This manifestation resembles a vote that such
shall not be. Liencetorward, we hope that no one will
accuse the President of a desire to prolong his power
by irregular means. His language at Lyons is a protest
aLainst such poor expedients, only used by parties who
have no hold on the nation. Let there be no pretext for
equivocation. What remains to be said is this, that the
abnegation professed by Louis Napoleon loses much of
its value in presence of the immense popularity with
which he is invested, and that there is little merit in not
demanding from illezitimate means that which one is
almost sure to obtain from the free and spontaneous vote
of a people."
The following telegraphic dispatches have bum re.
ceivid Iron) Lye=

THE SUN, LONDON, MONDAY EVENING, AUGUST l9, 1850.

" Lyons, August 16, 10 A.M.
" General de is Marmon, Minister of War of Pied-
mont, arrived here ter lay. charged by his Sovereign
t compliment the Prcsideat of the Republic on his pas-
sage at Lyons ,"

" Lyons, August 17, 9 A.M.
" The Superior Commanding-General to the Secre-
tary-Ger er +1 of the Ministry of War.
" The President of the Republic sets out at nine in
the morning, very much satisfied with his reception at
Lyons. I acc)mpany him to Lons-le-Saulnier and
Besancon. Have the goodness to address dispatches for
me to Dijon."

"Lyons, August 17, 9i A.M.
" The President attended the day before yesterday
the banquet and ball given to him by the city.
Yesterday morning he visited the school of Lansartine,
and several ateliers, and went to a banquet of 1,200
covers, which was given him by the commerce of the
city. On entering the bounds of La Guillotiere,
he was received by the municipal administration
of the town. At twelve he reviewed the troops; at four
he visited the ateliers of the Croix Rousso, and the ex-
hibition of the products of industry. He presided then
at the inauguration of the ' caisse de secours mutuel et
de retraite' for the workmen of Lyons. In the evening
a banquet was offered to him by the Chamber of Com-
merce, and he went for some moments to the play.
Everywhere he received testimonies of the liveliest sym-
pathy. The speeches which he made at three banquets
as well as at the inauguration of the caisse 110 secours,'
were received with enthusiasm, and greatly cheered.
The President has just set out on the continuation of his
journey."
The Credit, the organ of the moderate Republican
party, has ceased to appear, it has been stifled by the
press laws. Its subscribers are transferred to the

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCRANCE, Ara. 17
Boulogne and Amiens, 7 k—East Indian, 7 L7.2—Luxem-
bourg, I y9—Northern of France. 145h—Paris and Rouen,
23 ex div.—Rouen and Havre, 9%—Tours and Nantes, 3

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.

The Cotton Maiket at Livervol on Saturday was
heavy, the sal,,s being e,tithated a' 3,000 bales, at pre-
vious rates; of which 500 American were taken f .1. ex-
port, and the remainder by the trade.—ln Railway
Shares, a fair business was done, hut the market W.id
not quite so firm, and prices had a downward tend'ney.
New Wheat was on sale in Mark-lane again to-day,
and some parcels weighed as much as 62 lbs. per bushel.
Business was dull.

The American letters were delivered this morning,
and read uncommonly well up on the subject of the grow
ing Cotton crops. Accounts from Quebec state—
" Speculation is still rife as to the time for the promo-
gafion, some giving it out that it will be on the 14th
instant, others on the Bth, on which latter day it is in-
ferred, from their expressions, Ministers are desirous it
should take place. With reference to the removal of the
seat of government to Quebec, and the 15,0001. includen
in the estimate for repairs, &c., for our public buildings,
we learn, from a private letter received to clay, that all of
the Lower C4narla Members insist en this sum beimg
voted. and that the Ministry redeem their pledge, that
the Parliament, after having sat one more session in To-
ronto,shall then meet in the ancient capital of Canada.
From the same source we are informed that they are
preparing in the lteeeivu-General's-offiee the rebellion
loss debentures. and the debentures for building the
court-houses and goals; and what is somewha., curious
in connexion with the manufacture of paper money, our
informant tells us that the finances of the province are
very prosperous at. present. there being in the Receiver-
General's chest upwards of 400,0001., and that the banks
in Toronto are said to be paying the Government 3 per
cent. on their deposits. Presuming these last statements
to be true, they ought to prove highly satisfactory, not
to the friends of the Ministry alone, but to the people of
the province generally, that its exchequer, notwithstand-
ing the many heavy pulls which are made upon it, is 'to
rich, and its credit through such a prosperous state of
things entitled to so high a place in the money-market."
The following is a return of the number cf emigrants
arrived at Quebec during the week to the 27th ult.:—
From England 1,263
Ireland ... ... 1,755
Lower ports ... 91
Other ports ... 8

3.117
Previously reported ... 17.931

21,048
To corresponding period in 1849 ... 24.931

Decrease in 1850 ... ... 3,883
The letters and papers by the West India steamer have
come to hand, and their contents are tolerably favourable.
Severe st,rms. however, bad been experienced, and had
done some damage both to the shipping and the estates.
In some parts of Jamaica fears were entertained for the
crops, owing to the heavy rains, but from others, St.
Ann's for instance, we are informed that the coffee
crop promised well. In Demerara the weather was
very dry and favourable for the planters. In Trini-
dad the crop bad been finished, and proved less than
was expected. The growing crops were very satisfac-
tory in Barbadoes, and the next sugar crop is likely to
be abundant. Sugar making had been prevented in Do-
minica by the extremely wet weather. The new inter-
colonial steam communication was being arranged, and
the vessels of the company would rendezvous at St. Tho-
mas on the 19th inst.
Advices of the 9th July from Bolivar state,
in ref-rence to the gold district of Angostura
that the precious metal was at present found
exclusively in the bed of the river, and
that nothing could be done in the way of further explo-
ration until the dry season came, say in October. About
twelve bags of gold dust bad been forwarded to Trinidad
as specimens. The British Consul had thought it,
nevertheless, advisable to warn parties that they should
be very cautious in proceeding, to the gold country,
where great privations would have to be endured.
The Amsterdam Stock Market on Saturday was
rather more buoyant. Dutch Two-and-a-Half per
Cents. brought 57k to 1-16. Spanish Bonds were
tolerably animated.
There is an extremely inactive market again for
Public Securittes,-and the quotations rule heavy, It is
obvious that paucity of business and the absence from
town of the principal jobbers and speculators is the
main cause of the existing heaviness, although the Danish
question will be a curb until arranged. The weather
is obviously as propitious as could be desired. Consols
have realised 961 to 961 for Transfer, and 961 to 96i
for Account. Tbe New Three-and-a-Quarter per Cents.
have been 981 and the Three per Cents. 97 to k.
Bank Stock has been marked 212, being firm. Ex-
chequer-bills are dull at 68s. premium, and India Bonds
at 85s.

The Foreign Securities have been quiet, but firm
generally. Portuguese Five per Cents. have realised
344, and Spanish Three per Cents. are nominally
31 to Mexican Bonds have been 291 j, being an
improvement. Peruvian Four-and a. Half per Cent.
Bonds are at 821. Danish and Belgian Bonds have
been supported. she former at MI and the latter at 911.
Dutch Two-and-a Half per Cents. have been 57k, and
Russian Four-and-a Half per Cents. 964.
Railway Shares have been rather heavier. The un-
fortunate state of affairs on the Eastern Counties line
has made the Shares of that company flat.
QUARTER TO THREE.
Consols ... 96i
Ditto Account ... 96

ONE
CLOSING
I'RICRS OF BRITISH FUNDS O'CLOCK.
PRICES.
lank Stock .... *** •••..•.•• 212
211%
~e, Cent. Reduced Arils
3 per Cent. Consols Annuities........ 96 t,,i % 9636
ley( 3', per Cent. Anna ............. 9834 % 99
ndia Bonds, 1,000/. ...
Ditto Ryder 1,000: B5 p
South Sea Stock
Ditto New Annuities ...... .
Conzie•ls for Account 96 % % 96%
•Txeheoner Bills. I 14d. & 2d
1,0001. June 6B p 68 p
500/. June ....................» 6B p 6S p
ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
Danish R0nd5,1825,3 per Cent .• 78
Ditto 5 Der Cent.
Mexican, 5 per Cent. 1846, with Coupons—
Ditto, Ex Jan. Coupons ......... 291,4% 293/4
Peruvian Bonds, 41,4 per Cent —
Ditto, Account
Portuguese 5 per Cents
Ditto, Converted, 1841 3414 3414
Russian Bonds
Ditto, 4% per Cent
Spgyulh 5 per C.nnt 1840 —
Ditto, 3 per Cent... .....
Ditto. Account
Venezuela Bonds, 214 per Cent •.• 35%
oividends on the above payable in London.
French Rentes, 5 per Cent —97 f. 75c.
Exchange
Beligan, 4% per Cent. ..••••••
~utch 214 per Cent., 12 Guild.
Ditto, 4 oer Cent. Certificates 89% 8914
PRICES OF BUSINESS DONE CLOSIN
RAI;,WAY SHARES. PAID. AT ONE O'CLOCK. PRICEc_:
A.lerdean 5O
Do. Preference B}
dia.. ..... ... —die,
Amber. Nott., Bosten,
and Eastern Junction Bt4
A.yrshira and Galloway.. 7% —
lelfast & County Down 30 -
Berks & Hants Extens.
(Gt. West. Per. 5 per ct.) 6
rArmingham and Ox-
ford Junct., calls duly
raid, or with a gnaran. 20
Do, without guarantee 20
Sinning. Wolverh'ton,
and Fudley, calls duly
pd, or with guarantee 15
Do. without guarantee 15 - ••• • •.. ........ —.
Birming.,Wolverh'pton,
and Stour Valley 131. 14e ...
Birkenhead, Lancashire,
and Cheshire June.... 26
Bristol and Exeter 100 ... . 63% 63 ••• 64
3uckinghamshire
Caledonian
Do. New 101. Pref..... 10
Ditto,Clydesdale June 50 —
C3ester and Holyhead—. 50
Ditto, Preference...... 15
—.
Clarence
—.Direct London & Ports..

month
Dublin and Belfast June. 45
Dundalk & Enniskillen 30 - 00000 ••••
East Anelian, 251., L. &

. .
E. and L. and D...... 25
1)0. 18/., E. & H.... 18
Ditto, 71. 175., 7 per
Do., 31. 103.. Pref... 31,4 -
Cent., Preference... 2
,taatern Counties........ 20 ...... 6IA 57/8
Ditto,Extension, 5 per
Cent., No.l U. 135.4 d.... p•• •••• ..... - - P
Ditto ditto. No. 2 61. 133. 4d... p - P
Do., New Pref.recce,
6 per Cent. ..... ..... 10
Do. North. & Eastern,
6 per Cent.
Ditto. 5 per Cent.... 50
Do. New 43

Eastern Cajon Class A
(late E. e. Shares) 25 ...... ...............

Ditto, Class A, ditto... 6
Do., Class B& C 25 ...... ..... ••••••• ........ -
Do. Scrip (6per cent.) 20
East Lancashire ...... ... 25
Ditto, New Quarters 614...... ..
Do., 6 per Cent. Pre-
ference Quarters ... 614 ...... ... •••••'•"'• --
East Lincolnshire, guar.
6 per Cent.
:dinuurgti and Glasgow 50 ...... • —
~:din., Perth, & Dundee 25 ......
Ditto, Newport l5 .. ...
• xeter.Yeovil, & Dorch. 25,, .••••• —.
Exeter and Exmouth... 2Is.
Glasgow, Dumfries, and
Carlisle B/.65. 8d....
41asgow,Kilinar., & Ayr 50
Do.Prvference Consol. .
Gloucester & Dean Forest 14 ......
r :at Northern
Do., 1 A Deferred ... 1214-.... -
Do., 4B 6 per Cent... 114 — • _
Do., 5 per Cent. Pref. 12!41
real South. and West.
( Irearld)
Ditto, Eighths 24
;reat North of England.l6o ...... x.d.
Ditto, New, 401 4O
Ditto, New, 301
Ditto, New 15/ l5 ......
‘ireat Western 100
Ditto, New 171........ 15 ...
/lull and Sclbv .. ...... 50 ..«..

Ditto, Half Shares ... 25
Do. Quarter Shares... 12% —
Lancaster and Carlisle... 50 ...... ... . —
Ditto, Thirds

Lancashire & Yorkshire 100
Do. Quarters .... ..... 231 h B4 Bl4
Do. Fifths lll4 . —
Do. Thirds ....- ... IS ••••••
Do. New. Gua.6 per ct. 10 ..... .
Ditto (Huddersfield
and Shed.)
'o. (W. Riding Union) 114 — ••• ••• • —
Leeds and Bradford
Lee& ana Thirsk ...... 50
Do„ Prefer., 6 per Ct. 6
Do., do. No. 2 17
Do., do. ......No. 3 5 .....• ••• ........ ..
Do., Pref. Quat„ 1813 9
Liverpool, Crosby arid
Southport . l2 1•110
London &Blackwall...ll/. de. 3d... 41,4 4l
Lon'lon, Brighton, and
South Coast... ..... 10p
Do. Guarani. 5 per et.. 9 ......
Do. Prefer. 5 per cent. 50
Ditto ditto.-- I ff,2 50 .. ... .„.. —
Do., N ow, guaranteed
i per Cent . ...109
London and Greenwich 12/1534d — ...... ...... ..
Ditto, Preference.
Lo!L.l.on and I . vv,cstern ilei lll 110% 111% 111
Ditto, Ne4w Quarters 17
..
i),! tn. Fitt ~ - _ ...... 13 .- .. 13% . l3 ~i 1
0,-. IN ( Ilti. & B.) C. I ...... ...... .....
London & :. 't • Stqr.l . len ...... - x.d 591,4 xd
Do, New 50/. . ..... .. 424.-- ... .... ,

i... No, v,i,. ..... ..... .. .i 4
Do., New Preference.. h ...... -
Lowioncl.rry&Coierai Ud 25 .. .. •••• ....... ........
Do. Shares ..... .... 5
oaa,nderry and Ennis-
killen '2s -
Do. 1.; Shares
f,Gwo3toff, guar. 4 per ct 20
Ditto (6 per cL)
~lanche.ter,Baxton,and
Matlock.— 514 ••. —
511ncheAter. Sheffield,
and Lincolnshire —IOO

Do. Quarters (No. 1) 25 ... ..
Ditto, New ICI. Pref... 10
Do., Blanchester and
Lincoln Uni0n...... 41.2 s - dis ... .. dis.
Midland
Do. Consolidated Pref.100
Do., 501. Sharon
Do., Birm. and Derby 100
Do. Consolid. Bristol &
Birming., 6 per ct.... 100 ......121 12114...
Ditto,Brist. & Glocstr. 46 . ..... ...... .....
Ditto ditto .
Do.,ErewashVal.,Pref. 50
Ditto, Leieest.& Swan-
nington, 8 per ct.guar.loo
Midland Great Western
Irish .......... ....... .. 47%. —
Oliddlesbro' and Redcar,
6 per cent. guar.
Newcastle and Carlisle.100
Do. Quarters
Newmarket
Do. Extension
ewportv Abergavenny,
And Hereford 6 •••••• - -
-Newry and Enniskillen 7
''ewrY, Warrenpoint,
and Rostrevor
Norfolk ...... 100
Do. New 201. .. ls
Do. Ext. Guar. 5 p. ct. 20
Do. Guaranteed s%pc. 5 .....•
Do. do. Waveney Val. 2 ......
N.irthern Counties Union 4 ."...
North British ... .... ... 25
Ditto Preference
North Staffordshire ... 17% 6% 6
North-Western .
Oxford, Worcester, and
Wolverhampton ...... 50
Preston & Wyre 25 ... .. ..... : ........
Do. % Shares (A) lO ...... -- ............... Reading, Guildford, Guildford, And
Reigate lB ..... ...... ........ —.
itoyston and Hitchin -
Do. Shepreth Exten . % — ... ............ —.."1"
Scottish Central
Scottish Midland
Ditto, New
S irewsbury and Birm 1314 ..... dis.
Ditto ditto. Class B. 9% . — ...
Ditto, New Guaranteed 8 ...... ... .
....
Shrewsbury and Herald. 5 ......
Shrewsbury & Chester
(Nor. W. Min.)
Ditto Halves
Ditto Oswestry ...

_
Ditto New
Do. 8 per Cent. Pref. 10
Shropshire Union
South Diion - ..... •• ...... ......
Do. Preference
South Staffordshire 81,4 — ....... ••• ••••
~Outh Esicerf
00., No. 3 .. ...... 30 ...... ......... . .....
Do., Registered No. 4 10
So ith W aiezt
South Yorkshire, Don-

ctster, and Goole
Sheffield, Rotherham, &
Goole (N. Div.) Gua-
ranteed 5 per cent. ... 18%
Do. do (Sou. Div.) ... 6
ins. & Loughor & Ca-
meron'a Stm. Coal. ... 8 . — ........ .
Vale Extenlion 91/2 — .....
Thames Haven Dock

and Railway ..... ... 171,y - ............... --
Vale of Neath ... .. ...... 13 - ..............
N aterford and Kilkenny 2U . . - - ....... -
Waterford and Limerick 47% --.....
Natertd,VVxfrd,Wicklw. ....
and Dublin
....
Wear Valley 6 per Cent
Guaranteed - -
Do. do. do. ... 25
Do. do. do. ... 1.5 ..... - .....
,t est Cornwall ...... ... 71 -
/i ... .. --.4
V bitchaven & Furness 20 - -
Nindsor, Staines, and
South Western ..... ... 14 ...... - ... •
Wiits,:s•oniersr,t,at lA' ey - -
mouth ... ..... .... ..... 50
York, Newcastle, and
Berwick. .... ....._... 25
D 4). Newcastle Eaten. '2O ...... 94,
D'. G.N.E. Prefemice 9 ..... 4 41,1, .. 4 4ii
Do. Hartlepool Dock
and Railway 100 ...... - .- ......... ... -
York and North Alidland 50
FOREIGN RAIL WA Yb.
Aug Italian (late Ita-
lian and Austrian). ... 5%...„. -
rioulugne and Amiens... 20 ...... - ..,
Central of France (Or-
leans and Viarzon),.. 20
Demerara ....... ..... ...... 17% - -
Dutch Rhenish ... ...... 8 ..... 214 2%
Last Indian ...........•... 7
Ditto ... -
Great Indian Peninsular 5
.-.. Do. Do. --
•..
.. ..... 1 -
Louvain ala Sambre ... 7% - -
Luxembourg ..•
8 ....-. -
Ditto
Madrid and Valentia... 2 -,' .
Namur and Liege ..... 20 ... - - 16 -
Orleans and Bordeaux.. 7 - ............ •• - Paris and Orleans ...... 20 ..... 23/4 .. ...... .. 23/4
Paris and Rouen 2O ....... - x.d.... - x.d.
Paris and Strasbourg - -
Rouen and Havre ;...... 20 ..... -
Sambre and Meuse ...... 20 ... .. - ... -... -
itrasbourg and Basle ... 14 - -
Tours and Nantes .14 .....• Fournay, Jurbise, Lan- "'
den, and Bassett ...... 20 -
West Flanders..... .. ..... 834.. .. -.
_
MINES.
Anglo-Mexican lOO - -
Asturian ..... l5
... ••••••• ..... •• ....
Australian 4 ...... - ....- ......... -,
Bassora Range .... - -
Blaenarvon Iron & Coal 50 - -
.. -
Bolonos Scrip ...... .... - ...- -
British Iron ...,. .......... •12 -. -
Brazilian Imperial ...... 24!4 - _ - -
BrazilianCotael&Cuiaba 30 -
Do. St. John Del Rey 15
Cobre Copper - . -
General 2O
Real Del Monte, Unreg. - •• -
Do. Black Debentures - - ......... •-•••-
Do. Red Ditto ... - - -
Santiago de Cuba.. lO -
Tin Croft ..... ...... .. .... 7 .. - - ..... .......... ...-
United Mexican 2834
JOINT 4,4TocK. BAN 6.45.
Australasia
British North American 50
Colonial 25 - -
Commercial of London 20 -
Lemdon Joint 5t0ck...... 10 - -
London & Westminster. 20 ...- - -
at ional Prov. England. 35 -
Ditto New. . ........... 10 -
National of Ireland 221,x...... -- ............... ....
Provincial of Ireland - ....... ...... ...
Ditto, New ... .. ..... 10 - -
Union of Australia ..... 25 ...... - .., .....
Ditto, New ••••....... VA..... - • ....
Union of L0nd0n......... 10 ...... 124..... .....
Union of Madrid ...... ... 40 - ... ........ ... --

LLOYD'S SHIPI'ING.—(THIS DAY.)
LONDON, AUG. 19.—Wind at noon S.W., fresh breex.
and fine.
CARTHASENA, AUG. 10.—The Princess Victoria, fr m
Alexandria, is aground to the east of Cape Taloa. The
Sarah, of and from Falmouth to Talon, put in Bth inst.
leaky.
DOMINICA, JULY 27.—The barque Osbert, with nearly
all her cargo on board, parted her anchor in Rosean
Bay, went on shore, fell over, and was wrecked on the
11th instant.
ANTIGUA, JULY 28.—The Blucher, of Workington,
from Patagonia to New York, got on a reef at Scots
Head, opposite the Bay of Dominica, 19th July, was got
off very leaky, and foundered on the night of the 20th,
about 12 miles west of Guadeloupe; crew saved. The
sloop Lady Georgians, of Barbuda, was driven on shore,
and the Victoria sloop, of Barbuda, sunk at her moor-
jogs at that island 11th instant; master of the latter ves-
sel drowned.
DIAL, AUG. 17.—Wind S S.W.—Arrd. Janet Willis,
Fyall, Penang; Isabella Hercus; Houston, Calcutta;
Enchantress, Ledger, Ceylon; Peruvian, Bruce, Callao;
Mary S. t in, Stewart, Callao ; Faroe, Murray, Rig►
Grande; General Wiltshire, Strach,,n, Bahia; Ile-z g
Bogislao; Darm ditto, and sailed for Stettin; Elizabeth
Wiether, Griffiths, Porto Rico ; Tr‘ phena,
Havannah; Nordiyset, Neilo, New York, and sailed for
Bergin ; Kate How, Neerop. Miratnichi ; Delaa are,
Quebec. Arrd. from the River, Eliza Parr, Sydney;
Royal George, Port Philip; Marlborough, Calcutta,
ABERDEEN—SId. Lord Seaton, Qaeb.-c,
SYDNEY, NEW SOUTH WALES, APRIL l9.—The
Tcerene, hence to G.lifornia, was lost on a reef off Upolo
on the 26,11 of January last; crew, passengers, and part
of cargo saved. The Helen, Griffiths, was sez dby the
crew off the north cape of New Zealand in November
last but has since been recoyered at Wok, and the crew