The Sun.
London, England, 1857-12-09 00:00:00

[FROM A CORRESPONDENT.]

THE INDIAN TELEGRAMS.

The telegram published in The Sun on Tuesday,
the Bth of December, according to the official com-
munication, loft Malta at 2 p.m. on the 4th of
Dacember, and Cagliari at 8 p.m. the same day,
reaching the Foreign-office at 6.35 on the 7th—
that is to say, more than 70 hours between Cag-
liari and London.
The Hegrams of the preceding mail took respec-
tivaly 13 hours 15 miuu'e3 and 18 hours 40 min.
from Cagliari to London.

The quotation of the exchange at-New York on Lon.
don for bills at 60 days' sight is about 1031 per cent. for
first-class paper. At the present rate of discount here
there is consequently no profit on the transmission of
gold from this country to the United States.

Mr. Parr has a sound, good horse in Kelpie, whose
running at Goodwood deservedly elevated him into
prominent position in the betting. For the Craver
Stakes—one mile and a quarter—he was in a good poor
tion, and subsequently he chopped down a large field for
the Nursery. These performances are proofs of his star
ing qualities.

Perhaps, however, happy Land has truer titles to
support than any other horse in the race. Early in the
season everything went down before him ; he 060
seemingly went off, but the ridiculously easy style in
which he defeated nineteen horses for the Criteria!),
showed that the form which he displayed in the sPril3s,
was not deceptive. Happy Land may prove worthy 01
his parentage by giving Glee to his backers,
and causinghis opponents to wish bim at Jericho. I must see Ditto
accomplish a better "thing" than he did at Doncaster,
before I place faith in his ability. Vandyke is undo-
serving the place he holds in the betting, and Mentraora
will prove merely another Sydney for Baron Itotha•
child.

Mr. Saxon bas a strong, well-built colt in Ancient
Briton, and he evidently believes him to be a good one,
for in bestowing upon him the name he merely followed
the advice of a friend, who said, " Saxon, if ever 101
get a good colt, call him The Ancient Briton."
The space in The Sun may be more worthily occupied
by Parliamentary intelligence and Indian news than by
an elaborate discussion, at this period, of the doubtful
Derby chances. I shall, therefore, bring my notes to
close.

. By the way, I may be allowed to say something in
behalf of Fcises Racing Record. On Saturday last the
December part and the yearly volume were published,
and they contained a mass of most useful information.
This day was published another volume of the same
work, containing the nominations for next year, Derby
lots, &c., in addition to the record of the racing. A
volume so complete
,sin every detail was never (;before
offered to the public. A FRESH MAN.

BETTING AT MANCHESTER.—TUESDAT.
TWO THOUSAND GUINEAS STAKES.
100 to 15 offered on the field.

DERBY.
25 to 1 agst Ditto (taken)
25 to 1 agst Happy Land (taken)
CHESTER COP.
1,000 to 10 aget General Bosquet (taken)
1,000 to 10 aget Rocket (taken)
1,000 to 10 agst Palmister (taken)
1,000 to 10 aget Leamington (taken)

COMMERCIAL FAILURES.

The suspension of Messrs. Hadland and Co., esB°•
elated with the Manchester trade, was announced yea
terday, the general pressure in the money market having
occasioned their embarrassment. It is stated that the
debts and liabilities represent 30,0001.
Messrs. Lichtenstein and Co., engaged in trade with
the continent, have stopped payment, with liabilities
estimated at about 30,0001.
Messrs. D. Couvela and Co., a Greek firm, of New
Broad-street, have also failed. Their liabilities are not
expected to exceed 25,0001. or 30,0001.
A meeting of the creditors of Messrs. Lockman and
Cotching, who suspended on 23d ult., was held yesterdar.
A proposition was made to pay 7s. in the pound.
agree°.
The.
offer was rejected. After some discussion it was
to allow the firm one week from the present date with
view to their increasing the offer to 83. 6d. The total
liabilities are 20,7111., and the assets 10,1071.
The estate of Messrs. J. IL Baird and Co., Australian
merchants, is to be wound up under inspection, and it
is proposed to empower Mr. Baird to proceed to Mel'
bourne for the purpose of realising the property for the
benefit of the creditors.
Two more failures of some importance were announced
at Hamburg yesterday. The houses are Messrs. Lutz'
In
and Co., general merchants, and Mr. Pontoppidan.
the latter case, the suspension is expected to be merely
temporary. Messrs. Sieveking and Co., of Altona, and
Messrs. Schroder and Eiffe, of Hakxiburg, have resumed
payment.

MARKET NEWS.—(This Day.)

CORN EXCHANGE.

Although the show of English wheat in to-day's market
was moderate, the demand for most kinds was in a slug"
gish state, at Monday's decline in value. The condition
of the samples was very middling.
Old foreign wheats were mostly held at previous rates,
but new qualities moved off heavily.
There was very little business doing in floating cargoes*
Fine barley sold at full prices; but all other kinds were
heavy, at the late fall in value.
There was a slow sale for malt, yet prices were Bur
ported.
We had rather an improved feeling in the oat trade, at
previous rates.
Beans, peas, and flour were dull, but not cheaper.

ARRIVALS THIS WEEK.
Wheat. Barley. Malt.
990 I 980 1,430

English
Irish

Oats. Flow:
20 1,140
1,200
1,200 --
s
A
12,440 Ws

Foreign 15,170 110,330

WHITECHAPEL.
The trade generally ruled inactivo, as follows vc
Beef', from 2s 104 to 4s 4d ; mutton, 3sld to 48 8d ; ve'
3s 8d to 4s Gd ; pork, 3s Gd to 5s 2d per Blbs by the woo'

BOROUGH HOP.
OIGh eorowd i saen,ctlhfiendeemhaopnad
iasrheeianvyf.air request, at full Price's

COURSE OF EXCHANGE.—YxSTIRDAT.
Am5terdam............ 12 19% Gibraltar •• •• •• 30 70
Ditto, three months .. 12 3% Leghorn .. •• •• •••• ** ••
26 45
Rotterdam •• •• •• •• .• •• 12 3% Genoa ..... ...•••
Antwerp 25 85 Milan •• •• •• •• •. dos ••
Brussels 25 85 Venice ...• •• •••• ...• 41

liamburgh .. •-•.-; •'... 13 14 Naples •• •• •••• •••••• •. 123)9i
"
••
Altena •• •.; •• •• •• •• •• •• • . Palermo ••••
Paris •• •• •.... •• •• •• .. 25 45 i MUSLIM •• ..... ••• 123)a
Do. three months .... 26 5 Lisbon ....... ..... •••• 51%
Sfurselllss ............ 26 10 'Oporto •....... 12%
Bourdoaux ...• ......... ..
Fr ankfort-on..staine .... 121 N :Buenos Ayres...." .... ---
Berlin ...........• .... • . New York,6o days' sight --**
liVr ri
aei edn:nti eaa: ...
...
... .1:
... :. ...
.:
•• ••
...
.:
.. .. : 11
411 7 2N2 20 . 3
IP: t :hoe ilrli ajiur tedgai
ace:lE slep I roh oroolDollarsd* :c:oi..n. BULLION,..:
..:7 :PO.Ol E
20;:u0.0
Petersburg ............ 33 Foreign Gold In Bars £3 17 ,;
I New Dollars ...... 0 0
C811ricze1.07,a.....:
.... .... .... .. :...: 48..
Seville I
.. ,Silver in bars ......0 5 1

DEATH OF THE COUNTESS (DOWAGER) or ISIonLEY.-""
We regret to learn that iatelligence was received in towl!
yesterday of the death of the Countess (Dowager) °I
Morley, who expired on Monday Light, at SaWane,
Devonshire. The late countess was daughter of L'
Thomas Talbot, of Gouville, Norfolk, and married, 'm
1809, John, first and late Earl of Morley, his marriage
with Lady Augusta Pane being dissolved in February
of the same year. By her marriage her ladyship ba
surviving issue, the present Earl of Morley.
Messrs. Hermann, Sillem, and Co., who suspend
on the 24th of November, have called a meeting for
Tuesday, the 22d inst and Messrs. Gorrissen, Huger
and Co., who suspended on the 18th of November, hav
called a meeting for Thursday, the 17th Wets

S. ...no,
ter "7-1 W"r

4 RI
--TM
itt 136.

bh I)

COMMERCIAL LNTELLIGENCE,

CITY, Two o'CLocK.

Accounts from Liverpool state that the Cotton
Market yesterday closed with a flat appearance,
and values were without alteration. The sales were
estimated at 2,000 bales. The Railway Share
Market closed dull, and prices of all descriptions
were a shade lower.

It transpired yesterday afternoon that three addi-
tional failures had occurred among the commercial
interest, but the liabilities were not in any case
very important. The firms alluded to were Messrs.
%Idland, in the Manchester trade, owing about
35,0001. ; Messrs. Lichtenstein, a foreign house,
Whose engagements are estimated at 80,000/. ; and
a small Greek house, the operations of which,
however, do not appear to have been extensive.
Others are expected to follow, but so long as
the evil is confined to small foreign houses the
general effect upon credit will not be very
disastrous. Up to the present time our large houses
have withstood the crisis far better than might have
been expected, and if they are enabled to go en for
another month, of which there is every probability,
their position will no doubt be relieved, and little
danger will then exist.

The demand for discount continues tolerably
Motive, but the supply is increasing, and bills are
More easily negotiated. The utmost circumspection,
however, is still practised in consequence of the
frequent failures. It is impossible to know who
are likely to be forced to suspend, and hence a good
deal of suspicion still exists, which tends to retard
the improvement in business. Trade is exceedingly
dull, and in Mincing-lane, as well as the manufac-
turing districts, there is general inactivity. The
purchases of Colonial produce are limited to the
Unraediate wants of consumption, and the tend-
"cy in quotations is downwards. The best
descriptions of sugar are firm, but the lower kinds
are heavy.
There is a good demand for silver, and advanced
quotations are current owing to the remittances to
Ilatnburgh. The local authorities have entered
into arrangements to obtain a considerable supply,
the greater part of which will, it is presumed, be
Withdrawn from this market. Bars are quoted at
s. 2d. per oz. standard.

The transfer books for Consols are now closed,
lied will not reopen until the 15th proximo.
In the English stock market to-day there has
°con increased firmness, and a rise of about I per
cent. has taken place. The continued sales of
feeling,
to the Bank have caused a satisfactory
for if such operations go on they will ac-
celerate a reduction in the terms of discount.
°°/lsols have been 91 to 911 and 911 a for account
er'div. The present quotation 91,i 1. Special
transfers have been made at 914 and 92k. The
*P4cW Three per Cents. are 91 to 91R, and the
Reduced 91 to 91/. Exchequer Bills are 2s. dis-
count to 2s. premium, and the Bonds 991. Bank
kook is 2161 to 218.
gmall amount of business has been done in the
°reign Stock Market, but prices are generally
Turkish 6 per cents. are 911, 921 ; ditto
Per Cents., 991 ; and Spanish 3 per Cents., 411.
The following are the nominal prices of Foreign
stocks :—Grenada Deferred Bonds, 5 6 ; Mexi-
!an) 18i 18: ; Peruvian 41 per Cents., 75 77 ;
ditto 3 per Cents., 50 52 ; Portuguese 3 per
Cents., 43 44; Russian 5 per Cents., 104 106 ; do.
4i per Cents., 95 to 97 ; Spanish 3 per Cents, 401
411; ditto New Deferred, 25 25i ; ditto Certifi-
cates,

In the Railway Share Market this morning a
'light improvement has taken place in the rates of
bit'st of the principal lines, but the dealings have
sot been extensive. Caledonian, Eastern Counties,
North-Western, Midland and South-Eastern, each
improved about ss. ; Brighton, South-Western,
and North-Eastern(Berwick), 10s. ; and Gt. West ern
_lss. In the Foreign and Colonial lines the dealings
mere confined to only one or two transactions.
t 7.1 Great Indian Peninsula, which realised about
urnler quotations, 20i 20-4, •
Mining Shares were neglected. North Wheal
Bassett realised 12, and Cobro Copper receded
to 38.
In Joint-Stock Bank and Miscellaneous shares
the business transacted was unimportant. Prices,
2_ll°Nrever, were steady. London and Westminster
ialproved 10s. to 15s. ; and Union of London de-
clined 10s. ; South Australian have improved ss.

BRITISH FUNDS THIS DAY AT ONE o'CLOUK.
( From the Official List:)
linsinessdone.
Bank Stock
a per Cent. Reduced A 'muffles 904 i 11 1
3 Per Cent. Console Annuities Shut 91f,-' 28
Now 3 per Cent. Annuities CO4 i 1i 1
Laths Ronda, £l000
liitto, under £lOOO 33 35 d
Cotßols for Account
kEzThsoner Rills, ?id.
R100(1. ..... 2 p cl
tsou• d 1 2p
aN......v S uall . , ,
Rachequer Bonds, 1858,3 i per Cent 991
11- Dittos, 1159
ii„l/ICBS OF FOREIGN FUNDS AT ONE O'CLOCK.
•• nibh goads, 3 per Cent.
Ditto Account 4ll
li
irtv, .•.*
'&lhil Bonds 6 cr cent 92
1131Lio Guar ' P 99
anteed, 4 per Cent.
Dividends on the above payable in Loudon.
TWO O'CIF,OCK.
Consols account (January 8) 9lt, k x.d.

elit SMITHFIELD CLUB CATTLE SHOW.—Yesterday
e dense fog with which the metropolis was enveloped
11:1t11, effect of diminishing to a great extent the num-
fi7_,nr persons who usually visit the show of the Smith-
°flCattle Club on its first day of opening. The sales
t, the prize cattle were during the early part of the day
ceedinlv slow, but towards the afternoon they became
ttrte brisk, and it is stated that the animal which °b-
illed the prize gold medal as the beet specimen in any
pEhf theclasses was sold to Messrs. G. and G. Davis, of
° I,„'":'evr Cattle-market, at an enormous price. The Duke
ze'llehmond's gold medal prize iu the Southdowns, and
L Berne& gold medal prize in the long-woolled
I,,e'eester breed, were sold early in the day. The follow-
i;e are the names of the Judges :—Of Cattle and Long-
oolied
Sheep—Messrs. John Buckley, John B. Thomp-
whs sad Samuel Anstey. Of Crossbred Sheep, Short
teolled Sheep, and Pigs—Messrs. Edward Pope, Henry
and John Clayden.
s4UE/T REFORM MEETING AT SHEFFIELD.—On Mon-
"IV evening a crowded public meeting of the inhabitants
et the town of Sheffield was held in the Town-ball, to
Icl Opt resolutions in favour of Parliamentary reform.
he mayor presided over the meeting, which included
nearly all the leading gentlemen of the town. Ti,e 101-
I..°Wieg resolutions were carried unanitnous&y :—" That
le the opinion of this meeting it is desirable that the
borough franchise in England and Wales inhould be
given to every male person, not subject to any legal
io,nc„apaeity, who shall reside within the borough, and
. "0133, as owner or tenant in part or whole any premisesl as
of which he shall have been rated for the re
liefe of the poor ; the extension of the county franchise,
in England and Wales, to all 101. occupiers, awl the
assimilation (as far as possible) of the franchise in Scot-
lsix! and Ireland to those of England and Wales ;" and
That, in the opinion of this meeting, the adoption of
the ballot is indispensable for the protection of the
voter."

EQUALISATION OF THE POOR RAM—Last night, at
eight o'clock, a numerous meeting of the parishioners of
Chelsea, convened by the Ratepayers' Association, was
held at the Commercial-rooms, King's-road, Chelsea, to
consider the propriety ot co-operating with other parishes
in the metropolis for the purpose of adopting a petition
to both houses of Parliament for an equalisation of the
Poor rate throughout the whole of the metropolitan
Darishes, on the basis of an equal assessment of the pro-
perty in it. Mr. Bruen having taken the chair, entered
into a statement of the historyan
eualisation of the poor
of the poor laws, and
strongly argued in favour of q
rate, Mr. Gilbert moved the first resolution, which was
seconded by Mr. Julier, and which was to the effect that
the being bur-
present law was unjust and oppressive,
thensome on the ratepayers of the poorer parishes, while
those in which the wealthy classes reside, and who are
better able to bear the burthen, do not contribute_u
theiroie
fair proportion. Mr. Gilbert observed that in the
favour
of Lords he believed, there was a majority in of
4184' 'views. Mr. Perry, churchwarden of Chelsea,
111"c°, and Mr. Robson seconded, the next resolution,
,111c1 Mr. Delain moved the third resolution, which were,
al effect, that an equalisation ought to take place for
the protection ot the poorer parishes, and that they (the
Parishioners of Chelsea) would co-operate wi'h other
lrilthea- The resolutions were agreed to unanimouslS,
a-ter addresses from the mover and seconder, &c., who
reaay instances of the extraordinary inequalities of
e purseut W. Subsequently petitions founded on the
zscletions were adpted, after which thanks were voted
houtrie cl'airman, and the meeting separated at a late

TLe
quotation of gold at Paris yesterday evening was
Lout 4 pi.r mille
premium, and the short exehan4e on
r t4(109 is 25.35 per U. sterling. On comparing these
04u ea With the English Mint price of 3/. 173. 104 d. per
8. IA!. I for standard gold it appears that gold is about
"ge Per cent. dearer in London than in Paris.