The Sun.
London, England, 1857-01-07 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.
The Liverpool Cotton Market yesterday closed
with excitement, but firmly, and prices of Ame-
ricans were id. per lb., and other sorts id. per lb.
dearer than on last Friday. The sales amounted
to 10,000 bales, 3,000 of which were taken for ex-
port and 2,000 on speculation. The Railway
Share Market was quiet but steady, at about the
quotations current on Monday. Trade at Man-
chester is quiet, in consequence of the high prices
demanded. Owing to the continued advance in the
value of the raw material, and therefore in that of
manufactured goods, it is thought that business
will be checked for some time to come. From
Leeds the accounts state that the stock of cloth is
limited, and the demand inactive, but prices are
firmly supported. At Huddersfield an improve-
ment is reported in the woollen market, and picas
tend upwards. The letters from Glasgow an-
nounce the failure of Messrs. Begbie, Wiseman,
and Co., with liabilities to the extent of 150,000/.
They were general merchants and manufacturers,
and it is feared that the assets will not yield a very
large dividend.
The Colonial Produce Markets, which opened
yesterday after the Christmas holidays, present a
remarkably firm and buoyant appearance. The
public sales of sugar went off with great activity.
Mauritius kinds have realised 6d. to Is. advance,
and the finer kinds of East India Is. per cwt.,
while a large quantity of Madras and Penang was
taken in at high prices. Coffee was ls. per cwt.
dearer. Rice has been purchased at full prices,
and the demand for Saltpetre is active, at lower
quotations.

The Rates of Exchange on the principal cities of
the Continent yesterday afternoon were generally
without any important variation ; but bills on
Brussels and Paris were in good demand. The
quotation for Hamburg was a trifle lower.
The Montmorency, just announced from Vic
toria, brings 100,000 oz. of gold, or 400,0001.
This supply is very opportune, for although it is
not likely that more than half will be purchased
by the Bank, any addition to the stock of the pre-
cious metals in that establishment is of importance
at the present time. The efflux of specie to France
continues on a small scale, and a further sum of
20,0001. or 22,0001. was sent away yesterday. As,
however, it is confidently expected that this foreign
demand will prevail for a long period, it now ex-
cites little attention, especially as our supplies from
Australia are very large.
The demand for money in Lombard-street is
rather quieter to-day, and first class paper is freely
discounted at 51 per cent. Owing to this slight
relaxation many are inclined to believe that the
Directors of the Bank will soon be enabled to lower
the minimum terms, but when all the circumstances
bearing on the money market are considered there
is evidently no immediate prospect of any hew
measure.

The English Stock Market is exceedingly dull,
and the preliminary arrangements for the adjust
meat of the speculative account occupy the
chief attention of the dealers. The rate of
" contango" is lower, viz. Ito per cent., or about
6 per cent, per annum ; and it is expected that a
large amount of stock will be " carried over."
The easier state of the Money Market, and the ar-
rival of specie from Australia, have strengthened
the quotations, but there is an absence of buoyancy.
Consols have been privately transferred at 94
to 94i. The prices for the Bth (to-morrow) were
94 to 94i., and for February 5,94 - e. The New
Three per Cents. are 94 the Reduced 941
Exchequer Bills, par to 4s. premium, being rather
flat, and the Bonds 99. Bank Stock is 2161.
Foreign stocks have attracted very little attention
and quotations are almost nominal. Sardinian 5
per Cents, are 88.1, being a slight improvement.
Spanish Committee's Certificates realise 6. Turk-
ish 6 per Cents. have advanced to 951 but the
4 per Cents. were not dealt in. Dutch 4 per Cent,.
brought 97g.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 7 ; Mexi-
can, 21i i; Peruvian 4i per Cents., 77 8i ; ditto
3 per Cents., 55 6 ; Portuguese 3 per Cents.,
43 5 ; Russian 5 per Cents., 106 8 ; ditto 4i
per Cents., 95 7; Spanish 3 per Cents., 40i
41 ; ditto Deferred,l 234 4 ; ditto Certificates,
51 6 ; ditto Passive, 52 6.
The Railway Share Market this morning has
been rather quiet ; most of the dealers being en-
gaged in arranging the settlement of the English
funds, which takes place to-morrow. One or two
of the principal lines, however, have slightly im-
proved. Great Northern, Great Western and
Brighton improved 10s., and Scottish North-
Eastern and South-Eastern ss. North-Western
declined about ss. No business has been re-
ported in the French lines, and prices nominally
unaltered. The Canadian lines rule steady.
In Joint-Stock Bank Shares only a very limited
amount of business has been done, at about pre-
vious quotations. Ottoman Bank declined about
55., being 13i
In Miscellaneous Shares prices have given way
to a slight extent. Canada bad receded to 137.
Crystal Palace, Peninsular and Oriental Steam,
and General Screw Steam were a shade lower. St
100

BRITISH FUNDS THIS DAY ON o'CLO
(From the Officzal List.)

61 ,AR, don.
Beak Stock
3 per uent. Reduced Annuities 941
2 per Cent vowels Annuitier 9!
New 3 per Cent. Annuities 94i a
Consols .or Account
94
Ex£lchequerooo }3llls, 24d.
net)
1 46
p par p
• 5 6 p p
Ditto Bonds, 1858, 3i per Cent.........,,
Ditto, 1359
PRICES OF FOREIGN FUNDS AT ONE O'CLOI .
Sardinian Bon4s, 5 per Cent.
Ditto Account
Spanish Committee Cert. of Coup. nit fun 6
Turkith Bonds, fi par cent
Ditto Account .
+, en,i, the above ,avable in Londob ,
Dutch Exchange, 2. per Cen';., 12 Guilders
Ditto 4 per Cent. certificates
TWO O'CI,OC6.

Consols
Ditto Account
Ditto (February)

944.
94. i

THE SAWARD FORGERY GANG.

MANSION-HOUSE (THIS DAY).
This afternoon the further examination of James
Townahend Saward and James Ander on was resumed
before the Lord Mayo; at theh
Mansion-house, charged
with
with forging and uttering a h
ge fur 1,0001.,
inteno defraud Messrs. Han of ekxeyaannd Co., bankers.
Mr. Mullins appeared, on the part c
of the Committee
of Bankers, to prosecute. The prisoners were unde-
fended.
Twelve o'clock was the hour appointed for the com-
mencement of the proceedings, but in consequence of
the pressure of other business the prisoners were not
placed at the bar till near 2 o'clock.
Saward, on being placed at the bar, addressed Mr.
Goodman, the Chief Clerk, saying that he feared, in
his high state of excitement on Saturday, he had spoken
discourteously to him, and he begged to apologise for it.
The examination of Atwell was then proceeded with.
He said that the' second I 0 U given to Mr. Turner
to recover, was written at a public-house in Duke-street,
Lincoln's-inn Fields. Hardwick, Anderson, Saward,
and I were present. After it was written it was rubbed
over the table to give it a dirty appearance. I received
of Mr. Turner, on 24th June, a cheque for 1031.85. 10d.,
which I gave to Saward, and he returned it to me again
in about an hour and a half afterwards. I then took
it to the bank and got it cashed, receiving a
1001. note, and the rest in money, in exchange for it.
I gave the note to Hardwicke, as it 'was his mosey that
was advanced to pay the I 0 11. Immediately after
this three or four persons were written to in answer to
advertisements, and a lodging was taken near Newing-
ton-crescent, as one of the places where the parties were
to_ come. The cheque produced, for 4101. 7s. 4d. I
first saw on the day it was to be presented to Messrs.
Gosling's for payment. On the same day I Wag in com-
PanY with Anderson and Saward, near Morning-
rinr.ceent. The cheque purported to be signed by
Turner, and at the time twl other cheques were
troeuptahred. On Saturday, June 28, I went in the neigh-
ood of the Univer-ity Hotel, near Gower-street,
Tottenham-court-road where a young man was to come
by arran
to Fleet!etrlneeentt with Anderson. Hard wicke was to be
Was a pally to t Waiting near Gosling's bank. Sa sard
man from
the tle arrangement. I followed a young
bank in Fleet University Hotel to Messrs. Gosling's
tinned were i
n -Atreet. The three checks I have men-
went with th the possession of Saward. Hardwicke
remained out,eideY.°ang roan into the bank, whilst I
wicke made a s.' When the check was paid, Hard-
(We shall contintlenatih to me it was "all right."
case in our next editioo.l
N

THE .EW COUNT
new rules and orders in the county courts came into ope-
ration. They are in number 198. The rules of practice
of the Insolvent Debtors' Court are to be adopted in
and protection caBe. in the county courts.
insolvency
Th 3 South Western Steam-valtet Company purpose
in March next a steam-packet communica-
to establish,
tion between Weymouth and the Channel Islands. The
'refunds are to run twice a week.