The Sun.
London, England, 1864-01-01 00:00:00

COMMERCIAL PROSPECTS,

-----4,.

The new year dawns wi Ith favour upon the com-
mercial world. Merchant s., it is true, must yet pay
very high for monetary accommodation—nearly
double the amount this ti:itne twelvemonths. But
even so, a low rate for mca iey does not necessarily
imply national prosperity.. Last January the pros-
pect was bedimmed with ;the Lancashire distress
and uncertainty. The dogged perseverance
of Englishmen, however„ carried their enter-
prise to other climes, and now the cotton
inaeortations from other sources than the old
fields in America, are setiing our mills at
work, and although tha t working he °PT
for three or four days a week, yet by this employ-
ment how much national poverty w;l1 be alleviated,
and if so much has been done in one year towards
relieving us from solely relying upon foreign depen-
dence, how much may we nos reasonably expect to
be accomplished when 1865 s:aall have made its ap-
pearance. The commerce of the country has been
substantially enlarged despite the utter collapse of
the principal branch of our native industry. 1110
misfortune which the civil war in America en •
tailed upon us served only to quicken our
energies; new paths of enterprise were im-
mediately sought after, and operations cow,.
menced. There was no quailing in the hour of
need. The national spirit rose with the emergency,
and like the British pluck that saved India slipping
through our grasp, Englishmen relied upon their
own strong arm, and by their unflagging efforts
have with their enterprise even overtopped the most
prosperous years. Speculation has indeed been in-
dulged in to an almost unprecedented extent, no
negotiable property have escaped the notice of ope.
rators at the Stock Exchange, nearly every foreign
loan, and the shares of nearly every joint stock
association were taken in turn and received due at-
tention, but for all that, prudence invariably guided
the transactions, and if certain stock were at one time
unduly inflated, no one has materially suffered. It
was, indeed, natural that with so large an unem-
ployed floating capital speculation should be every-
where active; in fact, it was the rock upon which
it was thought the good old ship might strike, and
it is marvellous, now that the danger has passed, to
learn bow skilful!y she eluded the shoals.

RACING FIXTU.
JANUS

Manchester

FEB

Harrow
Uhelmaford Spring

Nottingham Spring 1
Derby Spring 3
Liverpt)ol ....
Shrewsbury
Doncaster Spring

Croxton-park
Edinburgh Spring .. 2
Abergavenny
Thirsk 5

Chester
York Spring
Salisbury l2
Bath
Ju

Ascot
Hampton l5
Newton
Od iham
Bibury

Newmarket July
Carlisle
Abingdon
Liverpool July
Pontefract
Au

rRES FOR 1864.
►RY.

Brighton 2
Brighton Club
Lewes
Reading
Egham
Oxford .. 18
York August 23

1

'.UARY.

Lincoln
Hungerford
:CH.

SEFTE:

Warwick Spring l6
Durham
Northampton 29
Catterick 3O

Weymouth 1
Warwick
.Septeuiber
Leicester
Doncaster
Brecon 19

Epsom Spring
Newmarket Craven
Newmarket First Spring 25

Manchester
iarpenden 2O
Epsom .. 24

I Stockbridge
Chelmsford.. 2B
Newcastle-on- i'3•114
Worcest.r (Summer)
Ipswich
'Llr.

Nottingham . l9
Stamford l4
Winchester l9
Southampton .. 2O
Goodwood
UST.
Plymouth
Derby
Lichfield
Stocktcn ....
Devon and Exeter
Lichfield 3O

Richmond
Monmouth 92
Manchester Autumn
Newmarket Firbt October 27

OCT,

,BER.

Northallerton 6 Gloucester
Newmarket Second Oct. 10 I Newmarket Houghton ::4
NOVEMBER.
Shrewsbury Autumn

STEEPLECHASING FIXTURES FOR 1864.

FEBRUART.

Carmarthen
Harrow
Cambridge