The Sun.
London, England, 1853-01-11 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, Two o'CLocK.
The sales of Cotton at Liverpool yesterday were
estimated at 6,000 bales, of which 500 American
were taken for export. The market closed heavily.
The sales comprised 5,000 American, 220 Pernam
and Maranham, at 6/d. to 6id. ; 200 Egyptian, at
5-id. to Bd. ; 300 Surat, at 3-id. to tid. ' • and 20
Sea Islands, at 2s. 2d. to 2s. 6d. per lb. Railway
Shares were quiet.

The failure which was announced on 'Change
yesterday afternoon, of the firm of °oilman. and
Holsterfoht, long connected with the United States,
and well known in the cotton trade, has excited a
marked sensation, the liabilities being estimated at
300,0001. This appears a very formidable amount
on paper, but the actual loss to the creditors may,
after all, not be large, inasmuch as the firm is said to
have a surplus capital of 40,0001., after meeting all
liabilities except the forgeries of 11r. Preis, which
are said to amount to 80,0001. or 90,0001. It is a
lamentable circumstance that a respectable firm
should, by the delinquency of one firm, be
involved so seriously ; but it appears that Mr.
Preis was an intimate friend of many years' stand-
ing with the managing partner of the house, and
this will account for the extraordinary confidence
displayed. A branch house exists at Liverpool,
doing an extensive business, similar to the
concern in London, and the London firm
'vas joined by a partner eighteen months
ago, the son of one of our eminent brewers,
with a capital of 25,0001. The author of all this
mischief, as our Mansion House report will show,
has defrauded other firms, and as the whole pro-
ceeds seem to have been lost in corn speculations,
and tho sales of cargoes received were known to be
made at a heavy loss, it is unlikely there is any
" purse" or property to which the houses that have
been defrauded can look for indemnification.
The speculations supposed to be for the French
Government, may not, very possibly, turn
out to be entirely Mr. Preis's. We presume
he did hope to get clear with some very large
amount, at the first favourable opportunity.
Other houses may suffer, but no test of the real
state of trade is to be derived from this unfortunate
affair. Commerce, generally, was seldom more
prosperous ; and, except in iron, and perhaps grain,
there was rarely less speculation.
The Mexican accounts, from Mr. Falconnet, al-
though reading better, do not seem to have inspired
much confidence. A new loan on the security of
the Clergy property would no doubt be useful.
There is a very weak market for English Secu-
rities, and prices have been about 11- per cent. lower.
Consols have been brought to market rather freely
at 1001 to I, being now about to f. For the
settling day the same quotations have ruled. Bank
Stock is still rising, having touched 225 and 226.
It is now apparent that the Corporation is expected
to make better profits with the advance in the
rate of discount. The New 3k per Cents. have been
marked 1048 to k ; and the Three per Cents., 101
to ; Exchequer Bills are 675. to 70s. premium,
and India Bonds, 78s. to 81s. premium, being
about the fornier rates.
In Foreign Stocks there is no elasticity. The
Turkish Loan has sunk to to premium ; Mexi-
can Bonds are 23i to ; Grenada, 12k k ; and
Equador, ; Portuguese Converted have been at
42k—this is for the Five per Cents. • Spanish De-
ferred are 23/ ; Belgian Four-and-a-Half per Cents.
have realised 98k and 99 ' • and Dutch Two-and-a-
Half per Cents. have fluctuated from 661 to 67.
In the Railway Share Market there have been
moderate dealings, but prices generally have given
way a little. The lines best supported are Cale-
donian and York and North Midland. Eastern
Counties are also rather steady. The French
Shares are quite neglected, and merely nominal.
Upper India Scrip keeps at premium.
The Gold' Mine Shares have been much less
dealt in, and are all the turn lower. The South
Australian Copper Mines are steady, but there is
scarcely anything doing in them.
The Australian Agricultural Shares have fallen
as low as 263, but they are now up again nearly
101. per Share. The South Australian also, after
being down to 617, have rallied to 70k, the arrival
of the steamer being likely to solve the doubt as to
the discovery of gold there to any extent.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY,
(From the Official List.)

Business done.
Bank Stock
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 34 per Cent. Annuities 1134g g 13
Long Annuities, Expire sth Jan., 1860..... 61
Ditto 30 Years, Expire sth Jan., 1860 6i 3-16
India Bonds, £lOOO 7B 81
Consols for Opening 18th January
Exchequer Bills 14d. March. Juno.
£lOOO 67 ?0
£5OO 67 70
Small 67 70
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Ditto New, 1852, 4i per Cent 99 8t
Equador Bonds 5,
Grenada Bonds, Deferred,
Mexican 3 per Cent 231
Ditto for the Account
Portuguese 5 per Cent
Ditto Converted, 5 per Cent., 1841 42i
Russian Bonds, 5 per Cent.
Ditto 4i per Cent..
104 a x d
Spanish Bonds, 3 per Cent — x d
Ditto New Deferred, 3 per Cent 23
Turkish Loan, 6 per Cent., 1852 g P
Belgian Bonds, 41 per Cent. Ex. 25fr. to " 9
Dutch Exchange 2 per Cent 66, 7 x d
Ditto 4 per Cent. Certificates .
HALL-PAST TWO.
Consols for Opening 18th January

THE CONSERVATIVE LAND SOCIETY.—At the first bal-
ot for right of choice on the Society's estates, on the Bth
_natant, at the offices in Norfolk-street, one hundred
unexempted shareholders in Middlesex, Surrey, Hert-
fordshire, Kent, Essex, Suffolk, Sussex, Herefordshire,
Berkshire, Nottinghamshire, Warwickshire, and Derby-
shire, were fortunate in the drawing, and will shortly
have to select their allotments. Fifty shareholders have
the same privilege by seniority of membership, besides
one hundred completed shareholders.
ANOTHER OVERFLOW OF THE THAMES, &C.—Yester-
day afternoon, shortly before high water time, owing to
the excessive showers of rain which have fallen during
the past few days, the water ran off the hills above
bridge in such vast bodies, as to cause the river Thames
again to overflow its banks in many places, which, as
may be supposed, did a considerable amount of damage,
to say nothing of the inconvenience occasioned thereby.
THE SPRING ENTRIES.—The various lists of entries
for the • spring handicaps present a most cheering pros-
pect for the coming season. The entries are the largest
that have ever been known, and the increase in some of
them is very great indeed. Almost every horse in
training in the country is engaged, and a good many
that are in training out of the country figure amongst
the entries. In eighteen stakes, the entries for
which have been publighed, there is an aggregate
increase of no less than two hundred and tune horses
above the number in the same stakes this time last year.
The entry for the Chester Cup comprises six aged horses,
nine six year olds, thirty-five five year olds, eighty-nine
four year olds, and seventy-eight three year olds.—
Racing Times. •
PRAYERS FOR FINE WEATHER.—Notice was given out
on Sunday morning, from the pulpits or the several Ro-
man Catholic places of Divine worship in the metropoli-
tan district, that his Eminence the Cardinal Archbishop
Wiseman had given directions for certain prayers to be
publicly sung and said after,thetusualTriblic offices of the
churc for the cessation of rain and stormy weather,
which was, from its long continuance, threatening
serious injury, in addition to the damage already sus-
tained in various parts of the country, and the shocking
disasters at sea. These prayers for fine weather are to
be continued until further orders are promulgated by
the Cardinal for their cessation.
PASSENGERS LANDING IN THE SOUTHAMPTON DOCKS
FROM FOREIGN PARTS.—The following is a return of the
number of passengers who have landed in the Southamp-
ton Docks by the various lines of steamers from differ-
ent parts of the world during the year 1852 :—From
all parts of India and China, via Alexandria, 1,236
passengers, 70 distressed British subjects, and 6,060
packages ;
and
afrmnod Malta,ti h33L966e
pv
pact ane
set
ek,
naiggneecrsl
;dBi
on gf
from
Constantinople,
distressed
Gibraltar,
ibra l t Britishoa6rO
casSumbaTze,tas,,Lisbon, Oporto, and Vigo, 1,258 passen-
gers, 327 distressed British subjects, and 5,289
packages ; from the West Indies, 1,553 passengers, 269
distressed British subjects, and 7,162 packages ; from
the Brazils, 739 passengers, 46 distressed British sub-
jects, and 3,639 packages; from the United Sates. 233
passengers, 12 distressed British subjects, and 700 Pack-
ages ; from Maderia, 169
passengers, 17 distressed
p
British subjects, and 902 _
ackages ; from Jersey and
Guernsey, 12,725 passengers, 450 distressed British
subjects, and 27,953 packages ; from France via Havre,
6,060 passengers ; 225 distressed British subjects, and
13,988 packages—making a total of 25,346 passengers ;
1,505 distressed subjects ; and 67,882 packages. Thedis:
tressed British subjects represent chiefly shiPwrereak,,Vo
sailors, &c. The returns of the general passenger-t
rn
flowing into this rapidly increasing
and constant increase, and the addition of the Cape of
Good Hope and Indian lines of port show a.
communication (to be large
maintained by the General. Screw
anemigrant
wStea
dCompany),epot, a
together with the establishment e
line of steamers to Australia, and a general extension of
operations on the part of the Peninsular and Oriental
passengers landing at the port
d.
Company, will, it is anticipated,
ianugamveenryt timhepnerutmanbterdoe.f
grAeendauTnriln be remarked
AUSTRALIAN
of the changes and fluctuations to
as a singular feature
1185A3NanndcAthpre;vnoccoeLes.r_ngityemaarys.
which our commercial relations are subject, that the
imports of Australian and Cape wools, which in 1815
the enormous
only amounted to 97,0341 b. in a total importation of
13,634,6671 b., had, in 1851, increased to
weight of • 47,626,7081 b. ; the supply from Australia
alone (41,810,1171 b.) being more than half of the entire
imports of the United Kingdom in that year.
A firm at Nantes has just ordered to be built four
steam-boats, of 100-horSe power each, to run between
Nantes and Marseilles.