The Sun.
London, England, 1868-03-09 00:00:00

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Tioit
nists 14
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MONEY MARKET

AND
COLILT.E tiCIAL TELLIGENCB,

CITY, Two o'CLocK.

The stock markets continue steady in character, but
quiet. The English Funds are firmer, though without
alteration. The chief feature is the demand for
Indian Government Securities. The 5 per Cents.
have this morning risen a frost], per cent.,
in the price up to 1131. The fluctuations
In American securities are again important. The
rise at New York reported by the cable this morning
has been followed by a corresponding movement here.
This market is more and more losing position here in
consequence of the frequent fluctuations which take
place in America. Already the London market is but
the reflex of that at New York. No feature is origi-
nated
here. Railways are firmer, and among foreign
stocks Mexican and Italian are chiefly asked for.
There is rather less demand for discount, but the
market is firm, at 1 a-to 1. per cent.
The corn market is dull, but no further decline is
established.
Consols are steady at Saturday's prices, at 93 to
93i for money and account. New and Reduced
Three per Cents., 92, to 921 ; India Five per Cents.
show a further advance of 1, being dealt in at 1131
to 114. Bank Stock, 249 to 251 ; Exchequer Bills,
103 to 153 prem.
The chief feature in Foreign Securities is a demand
'or Mexican, upon a statement from New York that
the Mexican 'Government have acknowledged the
claims of the English and Spanish creditors. The
present quotation is 15i to 16, beingi better. Italian
(1861) Bonds continue in favour, and at 451 to 46
there is an advance of 1. Greek Bonds are steady, at.
12i to 121 ; New Spanish, 36 to 361- ; Italian (1861),
45i to 46 ; Turkish (1865), 321 to 33 ; Portuguese
Scrip, 39i- to 391 ; and Orel-Vitebsk Railway, 771
to 78. Of Egyptian, the Railway debentures are
better, at 91 to 92 ; but the Viceroy's 7 per Cent.
Bonds, at 74 to 74i ; and the 9 per Cents., at 89 to
89k, are lower.
The New Honduras Loan is steady at to lf
brain.

American Securities are extremely firm. United
States 5-20 Bonds are g better, at 71 to 71i ; Erie
Shares show a further advance of I*, being quoted at
49 to. 50 ; and Illinois *, at 89 to 89k.
-r-Atlantic and Great Western Railway Debentures
have risen -, to 26, to 28, and the Consolidated Mort-
gage Bonds 1, to 28*, to 29!.
Rome Railways are firmer, but the average lm-
peovement is unimportant. There is an advance
of 3- in Brighton, off in Lancashire and *
York-
shire, and of in Metropolitan and Great Eastern.
The quotations are :--Lancashire and Yorkshire,
126 to 126* ; Midland, 1051 to 106* ;
South Eastern, 72 to 72* ; London and North Wes-
tern, 1151 to 115 f ; Great Northern, 105 k to 106 k ;
ditto (A), 103* to 104 ; Great Eastern, 30 to 30* ;
Great Western, 45f to 46i ; Brighton, 48 to 49 ;
Sheffield, 41i to 41f ; Metropolitan, 111* to 112 ;
Caledonian, 82. to 83*; and Chatham, 18 to 18k.
Bank shares are not in much request. London
Joint-Stock are * higher, at 33 to 34 ; and Imperial
Ottoman +, at dis. to par. On the other hand,
Union of London are * lower, at 33* to 34* ; Agra
(A) steady at 10k to 11 ; Alliance, 14 to 13 dis. ;
Anglo-Austrian, 3 to 3g ; Consolidated, to -g prem.
ex. div. ; London and County, 52 to 53 ; London
and Westminster, 674 to 68*; Oriental, 42 to 43.
In Finance Shares the only movement is an improve-
tient of 3-16 in Credit Foncier, which are now quoted
at 3 to 3* ; General Credit steady, at 2i to 2# die. ;
International Financial, 2* to 1 dis. ; London
Finance, 25; to 24* dis.
Foreign mining shares are rather firmer, but prices
Save not materially altered, the only change being an
advance off in Chontales, which are now quoted at
14 to 1k dis. St. John del Rey, 16 to 16k. Port
Phillip, 1 to I*.
Miscellaneous Securities are extremely quiet, and
Prices show few variations. Hudson's Bay is quoted
at, 14i to 14k, being an improvement of * ; London
,lieneral Omnibus firmer, at 1i to 2* ; Fore-street
;Yarehouse 1* to 1 dis. Ocean Marine Insurance is
lower, at 14 to 15 prem.; and Universal Marine I,
ri II: to k dis.; but Thames and Mersey is it better, at
i to 2k prem.
£23,000 in bar gold and coin were withdrawnfrom
Rio Bank on Saturday.
The Brazil steamer takes £40,700 in specie.
The Deutschland has arrived with £2,500 in specie
from New York, and the Palmyra with £46,000.
.In all probability, the bill for the new French loan
tvrill be psente to the Corp Lislatif on Monda
andre d that the loan wills beeg introduced on they Bourse on the 20th instant. No doubt whatever -
appears to be entertained of its success, because it
Pas been so long exneated, and because, too, of the
immense amount of disengaged capital now lying idle
4 all parts of France.
The creditors of Mr. John Jones, of the Green lane
Furnaces, near Birmingham, who failed a short time
B,ince, have received an offer of 4s in the pound, 2s
gown and the remainder in six and twelve months,
guaranteed by his sons.
The Ilthia and San Francisco Railway Company
have called a general meeting for the 2nd of April, to
receive a report and declare a dividend, &c.
.ki.A meeting is convened by the United Mexican
'inisg Company for the 25th inst., "for the purpose
of submitting a proposition for the acquisition by the
Company
of certain mines in Mexico, and, if so agreed
upon, for calling up such further portion of the capital
as may be determined upon."
It is officiaLyl intimated that the letters of allotment,
ROf the new hares of the Lancashire and Yorkshire
ailway, will be sent out on Tuesday next., the 12th
"tant.
The total bullion imported into this country, for
the
Week ending the 4th instant, amounted to
£2170,524 and the total exported to £314,278,
showing an increase in the export of £96,754.
BRITISH FUNDS—CLOSING PRICES

GOVERNMENT FUNDS.
" P9r Cent. Consols
a cl• Account, April 2 93
NPer Cent. Reduced 921 2
I,,Telt 3 per Cent 92 2 1
"3,1 v 2/ per Cent. Jan. 1894 _
A "J°. 5 per Cent. el
—Utinities, 80 yrs, expire sth Jan., 1880. ad
Do. for 30 yrs, expire sth April 1885 —
12/° cited Sea Telegraph), Au,,., 1908 —
%lacqouer Bills, £l,OOO, 2 per et.
D £5OO pm
31,1 13°. £lOO & £2OO lO 15 pm
Tlic of England Stock, 41 per Cent —
Do. Account
INDIAN GOVERNMENT SECURITIES.
India Mock, 10$ per Cent., April 1874
o. Account
P,`'
°. 5 per Cent. July, 1880
r.,°. Oct.lBBB
4 per Cent.,
mo. Certificates 100 f $ ad
Do.Enlaced Paper 4 per Cent B7
5 per Cent., Jan. 1872
. 5$ per Cent., May 1879 —
Do 5 per Cent., Rup. Deb., 1872 lo3£
Do. do. 1877 —
Do. do. 1882 —
Dt,. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 5 per Cent., £l,000
Do. under £l,OOO
....... pin
FOREIGN FUNDS—CLOSING PRICES.
'argentine Republic, t per Cent 73
B
..ku '
3trian onds 5 per Cent. 1859
tiraalian 5 per Cent
~,10. 4$ per Cent., 1852
a0.d0., 18:8,,,.• —
bO. do., 1860
Do. do., 1863 —
8110 5 per Cent., 1865 —
00 Account 7lf
tienos Ayres 6 per Cent —
O m,
~
Do 2 per Cent. (Deferred 3 per Cent.) __
oper
Lillian 6 per Cent _
-00. 4/ per Cent .—
DO. 6 per Cent., B .
0., 1867
1.1:10.: 7 per ,Cent., 1866
0331 0.) Scrip £32 paid
/4
.rubian, 6 per Cent.
1:34341811. 31:1,,r Cent.,
lubian Principalities, 7 per Cent —
11, Dog Per Cent,
~,,Uador New Consolidated, 1 per Cent -
nip tian, 7 per Cent —
I.,°' &wood Issue —
;;'O. £5lO Bonds
s-'O. £lO6 Bonds

b Do. 1864
4°. 45:10 Bonds B7i
o£loo Bonds BBl
(11Terrinie,nt Railway Debentures . .... 91
le 5 per Cent., 1824-5, ex Coups —
bu. Account
I\o. Coupons
ct
,°. Account
It itatetriala 5
per. Cent .. —
It°lll,-cltiras Gov. Rail. Loan., 10p. Ct., X 25 p
i per Cert., 1865
-a, A c ....
count 6,
1,1,3. Maremmana Raiway
, ..... 1j.1e4r.• per Cent
ato for Account
Dn. 1864 ' —
Ste ° 6 Per Cont. Anglo-French —
ItAtevidean per Cent. • —
tii.,sh Imperial 5 per Cent
DO"lv. Granada —
1 3 per Con —
~. 0. Duforred
p ')0 Laird warrants (hectares)
er 1111
r, count Cent. 1865
bu 4i per CoUt. (Uribarren)
1,y,50 4. per 18C2
0 Account Cont.,.
93
vrtl'gli°Bo 3 per Ct., 18537'6, '7, '9,'60,'2,'h
_-
1)/:,°' do 1:67
./
Pm
1141 .°. do., Scrip, £lO paid
1)8144 5 per Cent., 18z2, .£ St SBl
bct.) 4; per Cent. 1850
Do 4,i Per Cent, 1860
Do ", Per Cent., 1859
h, ,) per Cent., 1862 •.• 81i ...
jcio°.• Anglo-Dutch, 1864, £lOO Bonds... ft
330 lag do. .£B4 15s. do. ...
_8 71
z 1)0.: -8/ £lOO Bonds
'ltrdi,,; . do. .£B4 15s. do B4-6.
lip 4 :4'an, 0 PET Coat 7ll
41314 3 Eer

Do Account ..,..
Do New Deferroct
Do Account
Do Passive
Do Ace, ant
Do Com. Cert. of Coup. not funded
Do Account
Turkish 6 per Cent.
Do Account
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds
Do 6 per Cent., 1862
Do Account - 611
Do £lOO Bonds
Do. 1863
Do 5 per Cent., 1865
Do Account
Do 6 per Cont., 1865
Do 4 per Cent., Guaranteed
Venezuela, 3 per Cent.
Do 6 per Cent., 1862
Do 6 per Cent. 1864
Do. 4 per Cent. Certificates ....
Ifividends on the above payable in London.
French Rentes, 3 per Cent., Ex. 25f. —
Aus*.nan a per Cent. Ex 10 Florins
13olgian, 44 per cent., Ex. 25f.
Dutch 24- per er,nt. Ex. 12 Guil,

Acconnt
'Winn, 5 per Cent. 1851, Zol.
Do. Account 451 6 51-
THREE O'CLOCK.
Consols, Money 931
Do. Account, March 931

"IVANT, WANT!"

A meeting of a peculiar character took place in St.
James's Hall, Piccadilly, on Saturday evening last. A
few placards headed " Want, Want !" but bearing no
names upon them, bad been posted in London, calling
upon the unemployed to meet and discuss the causes
of the lack of work and the means of remedy. In
response, about 150 persons attended, in a hall capable
of holding 2,000. Soon after seven, a Mr. O'Brien
came on the platform, accompanied by two or
three other individuals. He expressed regret that
a distinguished gentleman who had promised to
preside had not come ; but in his absence the chair
would be taken by Mr. Roberts. That gentleman, having
been forthwith installed, entered upon a speech which is
only worthy of mention on account of its contrariety to
all that is accepted as constituting the prosperity of
nations. Having denied that the depression of trade was
due to combinations of workmen, the panic in the City,
or the want of technical education, he laid down as the
real cause the competition of foreigners ; and he distinctly
held that we ought to shut them out—in fact, to stop
free trade altogether. If ships were built abroad at less
price than here, we could have no ships to build. He
enumerated some fifty or sixty articles of commerce
which are imported from foreign countries, including
artificial flowers, straw hats, machinery, barometers, and
cannon, and he gravely asked if we need he surprised that
the working men of England were unemployed ? There
were persons in the meeting who applauded him, but it
soon became clear that there were also men present
who felt that this was hardly a reasonable course to
pursue, and who plainly told the chairman so, whereat
he became highly indignant, and, of course, informed the
dissentients that if they could not understand him it was
not his fault. Mr. O'Brien followed. in a long oration,
the drift of which was that while we kept our ports open
to foreigners they closed theirs against us, and that we all
knew what must become of a gentleman who continually
entertained his neighbours without ever being received
by them in return. While doing some justice to
Mr. Cobden's character, he held that the French recipro-
city treaty was all on one side. We gave them coals and
iron, and got in return griping wine, which had killed
more men than ever Frenchmen did. He concluded by a
lament on the days when England was " Merrie England"
indeed, and when masters united more with their men.
He moved a resolution to the effect that the admission
without restriction of manufactured articles from foreign
countries is the cause of many men being out of employ.
ment. A Mr. Barber, obviously labouring under a mistake,
went on the platform, and defended the administration of
the West-end Relief Fund in Bethnal-green, of which
fund he is one of the dispensers. The resolution was seconded
by a working man who gave the name of Hartley, and
who described himself as a plasterer, of Waltham-
stow. Mr. Ashley, a plumber, and two or three other
persons, asked the chairman to tell them more definitely
what he meant, and how they were to cure the disease.
He said, in reply, they must keep out the foreigner, who
came to take away their bread. (Cries of " Stuff, non-
sense.") The plumber made a speech refuting the argu-
ment that want of employment was due to that Free
Trade for which we had laboured so long. He was not
one of those claptrap men who would cut people's throats
because they were born rich. That was an accident, and
if it had happened to any of them they would have tried
to keep their wealth. They might as well blame a tree for
its bulk as a man for his riches. Nevertheless, he thought
the rich ought to be more highly taxed for the relief of
the poor, and that English workmen, being the best in
the world, ought to be better paid. The next speaker
attributed our national misfortunes to our sins, entreated
the meeting to go down on its knees, and wound up by
advising all present to purchase family bibles. From
this time the prcendings became quite irregular. One
man, clearly a labourer, said he had been out of work
three months, and had a !family of five ; what would
they do for him ? The chairman said he was the man
they wanted to hear. Another of the audience com-
plained that he had to break half a bushel of stones in
St. Giles's Workhouse before breakfast. Charles
Hod, a labourer, gave, as the result of thirty years'
observation in Thames-street, his conviction that the
iron trade was going out of the country. Crawshays',
who had made £7,000,000, kept on their place for some
time for the sake of their men, but had been obliged to
shut it up. Yet there was plenty of money in the City.
The Bank of England was " gloated." (Laughter.) Mr.
Ronald, of Millwall, followed.. Then came a respectable-
looking man, who gave the name of Johnson. He attri-
buted the depression of trade in a great measure to the
absence of the Court, to the non-invitation of foreign
potentates to this country, and to a going abroad of tn..
nobility in quest of that gaiety which they could not ima
at home. He regretted that the Earl of Ducie had avowed
himself a dealer in soap and candles, and he reprimanded a
clergyman for saying a trader could carry on business with
only 5 per cent. profit. Affairs having by this time got into
hopeless confusion, the chairman said the hall would cost
them ss. for gas for every half-hour longer ; he therefore de-
dared the meeting dissolved. It would not dissolve. The
firstresolution having been lost sight of, he endeavoured tc.
introduce a second, recommending the establishment 01
penny dormitories ; but the meeting, with few exceptions
indignantly repelled it. Mr. O'Brien endeavoured to
regain order, but without effect. He put it that " those
eminently intellectual gentlemen " (the reporters for the
press) had only one- night in the week for domestic corn..
fort, and that was Saturday. On their account he eel'
treated the meeting to dissolve. Still it remained indisso-
luble. Here the chairman abdicated almost unobserved-
and disappeared with Mr. O'Brien and some others',
Cries arose that it had been a "mockery." One of thi
audience proposed a vote of censure ; another asked for
live shillings ; a third mounted the platform and de-
clared the casual wards were full, and that he himself had
seen 500 in one house. The plumber put a resolution about
taxation, and carried it by a show of hands. At length,
as the gas was visibly lowered, one by one of the small
assembly° left the hall.

TURNPIKE ThtJSTS.-Mr. Knatchbull - Hugessen
seems to anticipate opposition to his Turnpike Trusts
Bill, the second reading of which has been deferred
until after Easter. He says : " Statements directly
at variance with the evidence taken before three
Select
.Committees, and with the reports of those
committees, have been extensively circulated, and
a stereotyped form of petition adopted by
frightened ratepayers, who are taught to believe
that it is sought to impose upon them a new and
unjust burden. But what is the fact ? No new
burden is to be imposed, but an old one is to be
shifted, reduced, and its weight lessened by the exten-
sion of the area of taxation by which it is to be borne.
If no legislation takes place within the next twelve
years the vast majority of trust Acts will have expired,
and unless renewed at great expense, or continued by
their insertion in an annual Continuance Act by the
Home Secretary, the trusts will come to an end, and
their road repairs will fall upon the individual parishes
in which the roads happen to be situate. Within the
last eight years no fewer than 280 Trust Acts
have so expired. Every year, therefore, further com-
plicates the system, and the promoters of
the present Bill believe that the time is come
when a general measure should provide for
the gradual and certain abolition of turnpike trusts
upon a definite principle. Now, the main principles
of the bill introduced by Mr. George Clive Mr.
Ayrton, and Mr. Goldney jointly with myself are
these :-1. Abolition of tolls. 2. Enlargement of
the area of taxation by which the road repairs are
to be borne. 3. Supervision and management of
expenditure to be in the hands of the ratepayers or
their representatives, instead of an irresponsible body
of trustees." The proposals of the present bill were
actually, with one exception, adopted, either unani-
mously or by large majorities, by the Select Com-
mittee of last year. This one exception was the
source from which the debt should be defrayed, and
herein lies the real great difficulty of the question.
We wish to ascertain the real value of the debt in
each case —to charge that real value upon the district
rates in the shape of an annual payment for a limited
period, to be fixed by the Secretary of State, during,
which period tolls may be continued under the direc-
tion of the local authorities, so that the ratepayers will
still have any extraneous assistance which they may
be now receiving
until, the debt and tolls .drop

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