The Sun.
London, England, 1857-12-02 00:00:00

SPORTING I N TELLIGENCE.

BETTING AT MANCHESTER.—TUESDAY•
ld
For the Two Thousand Guineas Stakes 7 to 1 vout;
have been taken about Clydesdale. This'horse was 11';
much inquired after for the Derby, and would have be%
backed to money at 11 to 1. 280 to 20 was taken ab°'
Toxopholite, and 400 to 20 about Kelpie. Closiog
prices :

TWO THOUSAND GUINEAS.
6to 1 agat Clydesdale (t 7 to 1 Y.)
7 to
Ba
agetr T
Brother
offe
ther tort Marchioness
a
8 to
DERBY.
10 to 1 agst Clydesdale (take 11 to 1 f.)
14 to 1 agst Toxophilite (taken)
20 to 1 agst Kelpie (taken)
22 to 1 agst Ditto (t 25 to 1)
25 to 1 agat Happy Land (offered)
25 to 1 agst Longrange (offered)
25 to 1 agat Cock-a-doodle-do (t 30)
25 to 1 agst Ancient Briton (offered)
25 to 1 agat Vandyke (t 30 to 1)

TIIS CITY OF GLASGOW BANK.—GLASGOW, TtleSCl3ll,
—A numerous meeting of the shareholders of this bnpite
was bell here to-day, Mr. Andrew Orr presiding.
%meeting unanimously agreed that the bank be register
in terms of the Joint-Stock Bank Companies Act, 18ni
it being explained that the design was not to wind 111
but to secure the E arue vantage ground as the chartere
banks. The meeting also agreed unanimously thatb:
committee of gentlemen unconnected with the bank a,
appointed to investigate its affairs, and report to an tee
journed journed meeting on Tuesday next, and that a guar" to
fuml of half a million be raised to enable the bank

rename business without delay.
DRATII OF Mn. C. HINDLE; M.P.—We regret
announce the death of Mr. C. ifindley, M.P. f°
Ashton-under-Line. Mr. Hindley was elected for
Ashton in 1835, and contested the borough unsueoeole
fully in 1832.

-..•••••••..•••••••••.NIMIA OEM.. a••••••••••••••*•••
lyi 0 r
IYI ARKET

AND
COrdriIERCIAL INTELLIGENCE.

CITY, Two o'CLoeft.
Letters from Liverpool report that the Cotton
Market yesterday closed with a steady ap-
pearance, and values were fully maintained.
The sales amounted to about 9,000 bales, 1,500 of
which were taken on speculation, and 500 for
export. The Railway Share Market closed firmly,
and prices were without any material alteration.
Respecting the condition of the Money Market
tLe following is from the Bankers' Magazine and
Commercial Digest :--
"The course of financial and mercantile affairs during
the Past month has been of the most chequered character.
With a farther advance in the rate of discount from 8
to 10 per cent., the occurrence of a crisis, and the
suspension of the Bank Charter Act, it may readily
be supposed the position of business has not
been satisfactory, while the number of failures which
have • taken place have created general gloom
and de&pondency. In this condition of things the issue
of the Government letter has produced Borne benefit, bat
it has not yet had time to effect a full resuscitation, the
Panic having progressed too far to render its operation
immediate. The consequences of the late suspensions,
dangerous as they have been, have not proved so
Pernicious as might have been anticipated, though the
character and importance of the houses show the effect
cf continuous high rates of discount upon the com-
mercial community. A steady restoration of confidence
5" appears to be expected, but it will, under any
circumstances, be slow and progressive, the shock given
by the late revulsion having created excessive apprehen-
/don. The speculators have not been so active during
this panic as they were in that of 1847, although, never-
thelain, unfounded rumours have from time to
timeZ been circulated with respect to the position of
houses whose credit still remains undonbted. The ieflex
of the precious metals, and the advice of additional remit-
tances frOm Australia, will assist to ease the condition
of the money market, the recovery in America being
lilciwise'calculated to facilitate the movement. At one
Perjeci during the crisis it was almost impossible to
lteeociate paper at all, and the charge, under the most
favourable circumstances, was 12 and
,13 per cent.
Within the last few days greater readiness has been
manifested to discount, and, the quotation by the prin.
e'Pal brokers is now a fraction below 10 per cent. The
unPorts of the preoious metals continue on a large scale,
the
sovereigns are returning from Scotland and Ireland,
ale run for gold in those localities having terminated.
Although additions are still being almost daily
Made to the list of failed firms, they are not of very
great importance, and they are in most instances
the result of suspensions abroad. The situation of
commercial affairain Hamburg and the North of
Europe generally is most deplorable. Discounts
are almost unobtainable, and money is being sent
from London to enable some of the principal firms
to provide for engagements failing due. The re-
action upon the connections of these foreign houses in
this country must be most embarrassing, and much
inipathy is felt for such firms as Messrs. Hermann
(lox, of, London and Liverpool, who stopped yes-
terday, because the humiliating alternative is pro-
"cad by events over which they have had no con-
trol. Aniramense mass of protested bills has been re-
ceived from various parts of the Continent, and every
wail brings most distressing accounts to our mer-
chants engaged in trading operations with the north
Of 'Europe. It may yet happen that numerous
other failures will take place before the end of the
year, and it is perhaps as well that the public should
rPrepared for them, because such casualties, al-
'hough they must occasion deep regret, need not
necessarily
retard the gradual subsidence of the
crisis. If unfavourable symptoms are still mani-
fested in particular departments, others of an en-
couraging character are apparent elsewhere. For
ikstance, the influx of gold into the Bank continues,
the effect of which will soon be perceived. A
rapid improvement in the position of the Bank
of England, such as that now going on, will
enable the Directors to give increased facilities to
trade by additional discount accommodation, and
Perhaps at lower rates. We learn by accounts from
Pans that the reduction of 1 per cent. in the terms
there has been productive of much good. It has
insPired confidence, and already business has slightly
although December is not generally
characterised by much activity. The same benefi-
cial results, it may be presumed, would follow a
similar movement here, although it would not pre-
y_ (Mt failures, nor cause a sudden resuscitation of
_trrade. Temporarily, the demand for money is
taker, and the applications both in
~Lombard
Streit
, and at the Bank are vary numerous, but
this increased pressure is attributable to the pre-
parations in progress for the payments on the 4th
44 the Month, which, in the aggregate, will repre-
"it a very large amount. When these engage-
kolas are met, there is some prospect of the money
market being more sensibly relieved than at any
tune since the commencement of the crisis.
There has been a good deal of fluctuation in
the• English Stock Market to-day, although the
changes have not been very important. The
Market is evidently rather unsettled, but this
trrust be expected as the account day is
'PProached, when the operations during the past
month have been on such a large scale. Consols
for transfer and the Ith proximo have been 90i 91,
MI since then 91k. They are now about 911
#tifor the January account 92. The New 3 per
'cuts. and the Reduced Annuities have been 89i
9010 Bank Stock is well supported at 218.
Zrcusquer Bills are 4s. discount to par, the
c4l cis 981 and India Bonds 335. discount.
A •
Moderate amount of business has been done in
Foreign Securities, but prices are rather unsteady.
Turkish per Cents. are 911 92 ; ditto 4 per Cents.
Brazilian 5 per Cents. 99k ±, ditto 4i per
Lents.
'tt Chilian 6 per Cents. 1011 to 102 k,
411'sh 3 per Cents. 834 84, Russian 5 per Cents.
Duch 10611, Spanish New Deferred 251, and
k.
1:;t fej
8'304.11 perlo:vine; following
PeruviantareCents. 9t
Ghe n
per
el r pricescent s of. Foreign7s
;
Stocks --Grenada Deferred Bonds, 5 to 6 ; Mexi-
per Cents., 51 53 ; Portuguese 3 per
.te•ilt4') 43 ; Russian 5 per Cents., 104 106 ; ditto
4,1"" Cents., 95 to 97 ; Spanish 3 per Cents, 402
; ditto New Deferred, 25 261.
aA rather limited business has been reported in
Railway Share Market, and a further slight
ct
award movement has taken place. Eastern
es, Great Western, Lancashire and York-
shire,North Western, South Western, North
British, and South Eastern declined 10s. ; and
)3 righton, 11., most of the other lines were at lower
(Notations. The Foreign and Colonial under-
takings are flat. Paris and Lyons have receded
us. ; and Lombardo-Venetian 55.: East Indian
declined 10s; Grand Trunk of Canada, 1/. ; and
Great Western of Canada, ss. Geelong and Mel-
' .. ISourne improved ss.
Mining Shares are quiet. United Mexican are
; Wheal Mary Ann, 49 • and Wheal Edwards
e&
Joint Stock Bank Shares are firm. Bank of Aus-
tralasia
4_,. improved 1/. ; London Chartered of Aus-
tralia' 108. ; and Oriental Bank, ss.
The Miscellaneous Shares are quiet. Canada
Land advanced 11., and Royal Mail Steam 10s.
0

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
(From the Official

Basinessdeae.
3tkak Stock 2lB
Per Cent. Reduced AnnuitteE
Neer Cent. Consols Annuities 904 li
Fw r Cent. Annuities B9,f 901
boalada, .Cloovi
V
ditto, under 111000 2i d
V JI. Rola Ter Account
Ex,q,,,,iner Bills, 24d.
MOO
—lchequor Bonds, 185 b, 3i per Cent 981
tiltto, 1459
IltI.C-ES OF FOREIGN FUNDS AT ONE O'CLOCK.
azinan 5 per Cent.
Di I?.tto 1852, 4i per Cent.
-Lan ili • Bonds, 6 per Cent lO4 11
4,tenele Bonds, 3 pee Cent., 1825 B3A 4
3 r.. 1
rssian Bonds, 1622, I! St., 5 per Cont 106; 0 k
13..iNh kouds, 3 por
It:,10,0 New Deferred, 3 per Cent.
"4.'101 Bonds 6per cent 9IA
C,:tiitto AccountP
91i i
4.-Dltto Q-uaranteod, 4 per Cent.
iDivglede, this on the above payable in London.
DutchExcl an
Do A 2 per Cent., 12 Guilders _
• -• 4 Per Cent. Certificates
TWO O'CLOCK.
C°llBolB, tno iey 9IA i
Consols account (January)

The earl
of Eglinton Las returned to town from
gunton Castle.
The Countess Dowager of Verulam, who is enjoying
Usual good health, is now on a visit at The Grove,
with her daughter the Countess of Clarendon.

St.
50
St.
St.

20
20
20
25