The Sun.
London, England, 1861-01-23 00:00:00

SPORTING INTELLIGEiYCE.

BETTING AT MANCHESTER-TUESDAY.

The attendance at the Post-office to-day was exceedingly
numerous, and although business was anything but brisk,
it became tolerably clear that no horse for the Chester Cup
was sufficiently firm to receive substantive support, tempt-
ing offers on the field meeting with no response. 30 to 1
was currently offered agst Industrious, and less then 40 to
1 was refused about Chere Arnie, 1,000 to 25 was taken
about the Lawyer, and 1,000 to 10 about Crater. Killi-
grew was in force at 40 to 1 at the commencement of busi-
ness, but that figure was always obtainable against him.
For the Derby 6 to 1 continues to be ofered against
Dundee, and 100 to 7 against Bi; Ben, and Nautilus,
who has to all appearances been a " safe 'un"
in this market for some time, became friendless
at 50 to 1. The Drake does not seem to travel very
well, and has upon the whole a declining tendency.
6 to 1 was taken to £25 about Kettledrum for the Two
Thousand Guineas Stakes, and 7 to 1 to a little money
about Klarikoff. The backers, however, in both instances
would have had no difficulty in increasing their investments
at those figures.

CLOSING PRICES.
TWO THOUSAND GUINEAS.

6to 1 agst Kettledrum (taken and offered)
7to 1 agst Klatikoff (taken and offered]
CHESTER CUP.
30 to 1 agst Industi:ous (offered)
100 to 3 agst Chere Arnie (take 40 to 1)
40 to 1 agst Lawyer (taken)
40 to 1 agst Killis,rew (taken and offered).
40 to 1 agst First Lord (offered)
40 to 1 agst Somersault (take 45 to 1)
1000 to 10 agst Crater (taken)
DERBY.
6to 1 agst Dundee (take 100 to 15)
100 to 7 agst Big Ben (take 100 to 6)
50 to 1 agst The Drake (offered)
50 to 1 agst Nautilus (offered)

LIVERPOOL GRAND
'EEPLECHASE.

WEIGHTS FOR THE
NATIONAL ST.
at lb'
Jerusalem .. 12 2
Cosmopolite .. .. 12 0
TT,-itsman 11 5
Thomastown 11 3
Bucephalus .11
Brunette .. 11 0
New Broom .. 10 12
Kibworth Lass .. 10 11
Dunboyne 10 10
Old Ben Roe.. .. 10 7
Johnny .. .. 10 7
Ralph .. 10 7 '
Bridegroom .; .. 10 7:
Fairy Saint .. .. 10 7
The Riddler .. 10 6 '
The Tumble .. 10 5'
Anatis .. 10 4
Diamant 10 4
The Pirate .. .. 10 4
Confederate .. 10 4j
Morgan Battler .. 10 3
Brother to Lady's Maid 10 31
Comet .. 10 3
Sir Cha-lcs 10 2,
Goldsmith 10 2
The Emperor.. .. 10 2
Lovett .. 10 01
Frank Picard,. .. 10 0
Marmion .. 10 0
Half Caste .. .. 10 q
The Dane .. .. 10 CI
Master Begot .. 10 Oi
Longford .. .. 10 01
The Curate .. 9 12
Tom Moody .. .. 9 12
Romeo.. 9 12
Evelyn.. .. 9 12
Red Eagle .. .. 9 12
Harry .. .. 9 12
Sir Robert' .. 9 12
Yellow Sal .. .. 9 12
Jealousy .. 9 12

st lb
Wee Nell .. .. 911
Willoughby .. 911
M. Phillipe .. 9 11
Long Ch
--_ 9 19
-ritn'oe Charming .. 9 10
The Brewer .. .. 9 10
Kilcock .. 9 10
Cloughbally .. 9 8
Doubtful .. 9 8
Xanthus .. 9 8
Noima 9 8
The Miller .. 9 8
Pew tth 9 8
Redwing .. .. 9 7
The Colonel .. .. 9 7
The Freshnian .. 9 7
Jean du Quesne 9 7
Bantam 9 7
Killigrew 9 7
jNewcastle 9 4
Medora .. 9 2
'Napoleon .. 9 2
Tom Sayers .. 9 0
Ghika.. .. 9 0
Summerhill .. 9 0
Irish Emigrant .. 9 0
'The Tattler .. 9 0
Sahib .. 9 0
The Unknown .. 8 12
Sepoy.. .. 8 12
Friar of Apahall .. 812
!Westminster.. .. 8 12
!Conductor .. 8 12
Lord Oswald.. .. 8 10
Dr. Leete .. 8 8
Chester .. 8 8
Cockatoo 8 8
The Rover .. 8 8
Margery Daw .. 8 7
Bannockbm a .. 8 7
King William .. 8 7

BULLION SPECULATORS.

At the commencement of the gold shipments to
America thepubi ic were warned of the consequences.
These have now been experienced. It was pointed
out that it would be a fatal mistake to suppo:e that
the New York market could receive any very
extraordinary influx without a most disappointing
effect being produced, so far as regarded the san-
guine views of those who expected that a great
opportunity for large profits had occurred, and the
experience was cited of 1857, when some heavy
remittances, suddenly made, were actually returned
to us in the identical state in which they had been
despatched. On the present occasion the probable
course of affairs was so palpable that there was
little difference of opinion on either side of the
Atlantic, except that at New York the anticipations
as to any continued profit being made by those who
might send gold from London were even less strong
than among ourselves, one waiter, than whom none
could be in a better position to express the view of the
leading bankers, having stated his belief that every
pound that might come out would be almost in-
stantly returned. The impression here was that,
looking at the different circumstances of the balance
of trade now, compared with 1857, about a quarter
or half a million might possitly be remitted with
safety, and the estimate was sthsequently increased
to a moderate extent on the occurrence of a rapid
and renewed rise in our wheat market. All the
principal houses connected vith America acted
upon this cautious and limited view, ar d (the
correctness of their course has been confirmed. Some
persons imperfectly acquainted with subjects of this
nature, however, will perhaps exclaim that the
contrary has been the case. " The public," they
will say, " were warned, that, owing to the limited
capacity of the New York market, any extraordi-
nary amount sent out to buy bills of exchange
would produce such an effect that it would soon be
found cheaper to return the money forthwith. Yet
£3,000,000 has been despatched, and even the latest
quotations show that if operators were disposed to
incur a little risk by taking ordinary mercantile
instead of bankers' bills, they might still realise a
handsome gain !" To financial minds the fallacy
of this remark would be at once apparent, but the
general public t re always apt to accept any delusive
statement on money questions that will save them
the trouble of thinking for themselves. It must
therefore be explained that of the remittances of 3
millions sterling to New York only a very insigni-
ficant portion was for the purpose of buying bills of
exchange. If they had been entirely for that pur-
pose, although the result would inevitably have been
as predicted, it would, as it now turns out, have
been well for the English public. We should then
have had our gold back, with the comparatively
trifling loss of freight, insurance, &c, A much
greater absurdity has been witnessed. The prin-
cipal mass of the remittances has been for the pur-
chase of stocks, railway shares, &c., which have
been bought on terms that have caused a rise of
20 or 30 per cent. in the New York market, and
unfortunately these, and not our gold, are being
poured upon us, white our own share lists show that
in many uses their value on this side is 10 or 15
per cent. below the prices given fur thama. Happy
would the senders of the gold be if they could get it
back at any moderate sacrifice. The folly displayed
in the whole affair seems perfectly incredible. It
I was fair to suppose that large orders would be sent