The Sun.
London, England, 1862-08-12 00:00:00

ALDERSHOTT CAMP RACES.-MONDAY.

A Sweepstakes of 3 sovs each, with 50 sovs added, for
horses that have been ridden as chargers for the last six
months ; llst 71b. The last half mile. Thorough-bred
horses 71b extra.
Captain Gratrex's (13th Hussars), Music Master, 12st
(in. 71b extra) (Mr. Innes) 1
Mr. O'Connor's (76th Regiment) Nora Creina, list 71b
(Owner) 2
Colonel O'Brien's (Military Train) Incognita, 4 yrs, 12st
(in. 71b extra)
The following also ran :—Baby, Cygnet, Mullingar,
Elise, and First Flight.
Betting-5 to 4 agst Incognita, 3to 1 agst Music Master,
and 4 to 1 agst any other.
The favourite came away with the lead to near the dis-
tance, where Music Master and Nora Creina passed him,
and the former won easily by a length, two lengths sepa-
rated the second and third.
A Sweepstakes of 5 sovs each, 3 sovs forfeit, added to a
Cup, value £ll5, for 3-yr-olds lOst, 4-yr-olds list 41b,
5-yr-olds list 121 b, 6-yr• olds and aged 12st 21b. Win-
ners extra, mares and geldings allowed. 31b. One mile.
The winner to be sold by public auction for 200 sovs, &c.
Captain Peel's Gabardine, 4 yrs, 11st 71b .. (Capt. Peel) 1
Major Johnson's (12th Lancers) The Prophet, 12st
(Mr. Lawson) 2
Captain Curtois' (Ist Royals) Medusa, 4 3 rs, llst llb
(Major Williams) 3
The following also ran :—Tadworth, My Mary, Odd
Trick, and Reprieve.
Betting-6 to 4on The Prophet, sto 2 agst Tadworth,
3 to 1 agst Gabardine, and 5 to 1 agst My Mary.
Medusa made running, followed by Tadworth and Odd
Trick for a quarter of a mile, when the latter dropped back,
and The Prophet, with Gabardine at his quarters, supplied
his place. Halfway up the straight Tadworth was beaten,
Medusa giving way before reaching the distance. The li
favourite and Gabardine then ran a fine race for home, and
the latter won by a head ; three lengths between second and
third. Tadworth was fourth, and Reprieve fifth. My Mary
walked in last. No bid for the winner.
A Sweepstakes of 10 sovs each, h ft, with 100 soya added,
for 3-yr-olds, lOst; 4-yr-olds, list 41b; 5-yr-olds, list
121 b ; 6-yr-olds and aged, 12st 21b. Winners extra.
Mares and geldings allowed 31b. One mile and a half.
The second saved his stake. The winner to be sold for
£350.

Captain Boyce (16th Lancers) ns Paul Clifford, 4 yrs,
list 91b (Captain Peel) 1
Mr. Dakin (6th Cameronians) ns Avongrove, 2 yrs, lOst
(Mr. Smith) 2
Capt. Gratrex (13th Hussars) ns flighflyer, 4 yrs, list 71b
(Mr Innes) 3
Captain Green (Military Train) ns Strike, 4 yrs, list 41b
(Mr. Longman) 4
Hon. Captain Vereker (2nth Regiment) ns Rattletrap, 6
yrs, list 131 b (Mr. Lawrence, 20th Regiment) 5
Betting-2 to lon Paul Clifford, and 4to 1 agst High-
flyer.

Avongrove made running at a great pace, Strike lying
second, about six lengths from him. Before entering the
straight Strike was beaten, and Higbflyer and Paul Clifford
took second and third places. Avongrove continued his

Lead to the half-distance, where Paul came away, and won

in a canter by a length; Higbflyer lost second money by
half a length ; Strike was a bad fourth ; Rattletrap did not
pass the post. No bid for the winner.

A Cup presented by Lieut.-Gen. Sir John Poinefather,
K.C.8., added to a sweepstakes of 5 sous each, and a
purse of 25 sous ; list each ; thoroughbred horses 71b ex-
tra. Winners extra. One mile.
Mr. Dakin's (6th Carab:neers) Inkerman, aged, list
(Owner) 1
Major Wombwell's (12th Lancers) Fanny, aged, llst
) 2
Capt. Gratrex's (13th Hussars) Music Master, ll(stOwner 121 b
(Mr. Innes) 3
The following also ran :—Baby, Fidget, Full Cry, Lotty
and Nora Creina.

Betting-6 to 5 agst Music Master, and 3to 1 agst Fanny.
Nora Creina led off, followed by Lotty and Fidget, with
the rest in a cluster, and Fanny, who got badly off, last.
Before entering the straight run for home, Nora Creina
retired into the rack, Fanny caught her horses, and Inker-
man and Musicmaster joined Lotty in the front rank. Fanny
passed onwards as they approached the distance, and ob-
tained the lead for a few strides, but Inkerman quitted her
at the Stand railings and won very easily by a length and a
half. Music Master finished a length behind Fanny. Nora
Creina was a bad fourth, and Fidget fifth.

Aldershott Cup, a handicap sweepstakes of 5 soya each, 3ft,
added to a Cup, value 100 sous, with a purse value 50
sous. Winners extra. One mile and a half.
Captain Peel na Vinegar Hill, 13st 71b.. (Captain Peel) 1
Captain Green (Military Train) na Strike,
_4 yrs, list 31b _

(Mi. Longman) 2
Mr. Dakin na Avongrove, list 51b .. (Mr. Smith) 3
The following also ran :—Highflyer, Disappointment,
and Rattletrap.

Betting-6 to 4 on Vinegar Hill, 3 to 1 agt Highflyer,
and 4 to 1 agst Disappointment.
Disappointment jumped off with the lead, but was imme-
diately passed by Strike and Rattletrap, Avongrove being
fifth, and Vinegar Hill last. Rattletrap was beaten at the
end of half a mile, and Highflyer went up to Strike, the
two going on abreast, with Disappointment third, until
they entered the straight, where Vinegar Hill took fourth
place. Strike carried on the running to the stand, where
Vinegar Hill overhauled him, and won cleverly by a neck.
Avongrove was two lengths from Strike, and Highflyer,
close up, fourth. Rattletrap did not pass the post.
South- Western Railway Plate, of £25, added to a Sweep.
stakes of 3 soya each, half forfeit ; 4-yr-olds, 9st; five,
lOst ; six and aged, lOst 41b. One mile.
Capt. Barclays, (16th Lancers) Ma Mie,3 yrs, (car. 9st 41b)
Halton)
Col. O'Brien's (Military Train) Incognita(C 4 apt.
vrs, 9st 1
(car. 9st 31b) ......................(Mr.Marshall) 2
Major Wombw ell's (12th Lancers) My Mary, 5
yrs,
lOst
(Mr. H. Wombwell) 3
Elise also ran.
Betting-6, to 4 on Ma Mie, and 2 to I agst Incognita.
My Mary led for 200
yards, when Incognita took up the
rimiPs'a 141loweel J 25? Algi Elise shortly aterw"cl4

We ventured last week to make a few serious remarks
upon the rapidity with which new loans and other foreign
securities .are being introduced into this market. Looking
at the multifarious character of the new projects in course
of issue, and at the fact that Portugal, Peru, Egypt, and
Venezuela are all creating new stock simultaneously, we
arrived at the conclusion that " the market will have a fit
of indigestion unless it observes more moderation." The
course of affairs this week has fully justified the anticipa-
tion. All the new loans referred to have been taken uPp
but the market has been in a state of partial collapse,
produced by the anxiety of subscribers to get rid, at s
profit, of a mass of stock which they are conscious of their
n abilitg to hold long. There has been a greater rush to
seize premiums, as long as premiums could be had, than
has been witnessed for a long time past. It eannot
be too earnestly expressed, that amid all the ex-
citement with which new securities are hailed, there
is, permanently, only a certain defined and limited
market for:them. Applicants for new loans get their allot-
ments, in a vast number of instances, only to sell them—
that is to say, to transfer them to another set of holders.
Now, the class of holders contemplating a permanent in-
vestment, in the case of new foreign stocks, is not a large
one, nor yet susceptible of very rapid increase, except
where a special temptation is presented through a new
stock falling to a heavy discount, instead of being offered
at a premium. This inducement is not now witnessed.
Meanwhile, in default of the appearance of bona fide and
permanent buyers in sufficient number to absorb the mass of
new stock thrown upon the market by transient holders, the
only shoulders on which it finds a resting place are those of
the dealers in Stock Exchange and other persons willing to
take it until the demand ultimately anticipated on the part
of the public shall arise. This is the real explanation of
the fall which has occurred this week in all the new loans,
and from which many old securities have suffered in
sympathy. Supply has outstripped demand,
As to the effects of the influx of new loans in so far as the
money market is concerned, it would be premature to say
much at present. Perhaps the correct view will prove to be
that no great harm has yet been done, but that any further
commitments of magnitude would certainly make themselves
felt. When the rate of discount is at 2 per cent., the seeds
of future monetary difficulties are usually sown. There is
a strong disposition to sow them now.

COUN7I MARILL,2S.

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COLCHESTER—Aua. 9.

To-day there was a small supply of wheat at market,
a few parcels of new varying in quality and price from 50s
to 62s per qr ; the yield is also very irregular, say from 10s
to 32s per acre. Very little spring corn on offer, and the
prices of last week were fulily made.
Wheat, white 56s 62s Beans,Mazagan..36s 38s
red 54s 60s middle & small.3Be 42s
Barley —s —s Peas, white ..38s 42s
Oats

GLOUCESTER—Auct. 9.

A larger supply of English wheat from the farmers to-
day, which brought last week's prices. Foreign wheat in
fair amount, at the rates of last week, Grinding barley,
beans, peas, and oats rather dearer.