The Sun.
London, England, 1857-06-03 00:00:00

MANCHESTER RACES.—(This Day.)

(BY ELECTRIC TELEGRAPH.)
PHILIPS' HANDICAP.

Plausible
Ellermire
Glede Hawk

Six ran.

LATEST BETTING.
UNION CUP.
5-to 1 apt Stork (offered)
7to 1 apt Courtenay (taken)
7to 1 not Cedric (taken)

Bto 1 agst Bourgeois (taken)
TRADESMAN'S CUP.
7to 2 agst Underhand (taken)
ASCOT GOLD CUP.
sto 1 on the Field (offered)

Entries for the Queen's Plate. 3 miles and a distance.
(Ron tomorrow.)
Mary, Sir Colin, hospitality, Janet, Fright, Glede
Hawk, Norton, Cedric, Commotion, Br. to Preston,
Stork, Mongrvl, De Dinkel, Gener►l Williams, King
Brian, and e. out of Arribas Dam.

CURRENCY AND BANK REFORM:

MEETING THIS DAT.

This afternoon a preliminary meeting of the members
of the Currency and Bulk Reform Association was held
at the London Tavern, Bishopegate-street, to elect a
president, ♦ice-president, and acting committee. The
announcement convening the meeting, and explaining
the objects of the association, was to the following
effect

" The object of the association is to diffuse informa-
tion and arouse the attention of the whole kingdom to
this, the most important question of the day. Without
energetic action a high rate of interest will become per-
manent, and revolutionise the value of property of every
description. Railways.—An advance of 1 per cent. on
the mortgage debt of the Great Weatern Railway would
be a redaction of 50 per cent. in the •dividends. Other
railways rateably, as the debts bearlipon share capital.
Mortgagei.—lf land yields 3 per cent. rental and mort-
gages advance to 5 and 6 per ' cent., how long
will it require to deprive a large portion of the
present proprietors of their incomes and estates ?
Manufacturers.—lf interest on capital be a cost of pro-
d ucti on, how can we compete with the foreign manu-
facturers when that cost is doubled ? Agriculture.—
By the large importation of foreign corn, &c., the ex-
changes are acted on roost disadvantageously. The
remedy is the increase of our own growth. Will this be
done extensively under a ruinous state of interest ?
Shipping.—Stearn navigation, mining, and distant un-
dertakings, like irrigation and the growth of cotton. in
India—the retail trader, the artisan, and all classes ex-
cept the money-lender, are seriously injured by the
present rate of interest on current money, although
capital is abundant, and trade sound. To investi-
gate the causes are the objects of this proposed
Association, and so urge the remedy upon Government
and the members of both Houses of Parliament as to
ensure the removal of so great an impediment to the
national prosperity and progress. Co-operation from
all parts of the United Kingdom is earnestly solicited
without delay, as the Committee on the Bank Charter
is now sitting. A low rate of interest is not. desirable,
but to avoid the two mischievous extremes—very high
and very low rates—is a consummation most earnestly
desired."

[We will give the conclusion in our last edition.]

MARKET NEWS.—(This Day.)

CORN EXCHANGE.

The supply of English wheat in to-day's market was only
moderate. For most kinds the demand ruled inactive,
yet Monday's prices were well supported. The general
condition of the samples was by no means first rate.
A very large supply of foreign wheat-38,230 quarters,
chiefly from the Baltic—has come fresh to hand. The
transactions in all kinds were trifling, at about stationary
prices.
Floating cargoes of grain sold at very full currencies.
Barley moved off steadily, and prices were well sup-
ported. •
Malt was in moderate supply, and fair request, at Mon-
day's quotations.
The imports of foreign oats being very extensive-
-63,350 quarters—the oat trade ruled heavy, and prices
were barely supported. '
Beans, peas, and flour sold to- a- Moderate extent, at
Monday's prices.

ARRIVALS VHS wags.
Wheat. Barley. Malt. Oats.
1,730 I 2,720

Flour.
730

English
Irish

Foreign..... 135,230 116,490

63,350 11,400