The Sun.
London, England, 1857-12-17 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.
The Liverpool Cotton Market yesterday mani-
fested a very fiat appearance, and values of all
descriptions were unaltered. The sales were esti-
mated at 4,000 bales, 1,000 of which were taken
by the speculators. The Railway Share Market
closed quietly, and prices were without any mate-
rial alteration.
Judging from the comparative absence of failures
in London during the last few days, it would
appear as though the crisis, so far as the metropo-
litan firms are concerned, has almost expended its
influence, but the letters from some of the manu-
facturing districts are more unfavourable. Several
houses are believed to be on the eve of sußpension
in Bradford, Leeds, Manchester, and other places.
In addition to Messrs. Saafield, announced at the
commencement of the week, it is now stated that
the acceptances of Messrs. William Cheeseborough
and Son, largely engaged as woollen dealers, have
been dishonoured. The embirrassments in this
ease are alleged to be merely temporary, strong
hopes being entertained of the requisite assistance
being rendered them. 'Considering the stagnation
of trade, the partial stoppage of the mills, and the
losses incurred through the American panic, it was
not to have been expected that this branch of
business could have remained unscathed.

At a meeting of the creditors of Messrs. Gor-
rissea and liuffel held to-day, Mr. Ed. Cohen,
in th© chair, the following balance-sheet was
submitted.

To sundry creditors, as per statement £84,131 12 3
To creditor holding security...£7,7s7 0 0
Estimated value of security 7,000 0 0

757 0 0

To liabilities on acceptances, viz. :
k Provided for since the sus-
pension £255,898 7 3
Not yet provided for, but
which it is expected the
drawers will meet
Assumed claimonthe estate 19,332 2 6 19,332 2 6

£471,914 2 8

To liabilities on bills receiv-
able, as per statement £337,296 16 6

Of which those considered
likely to prove claims
amount to X 21,643 11 1
Less cash and surplus
securities retained by
bankers 2 157 1. 7
19,486 9 6
1,600 0 0
To liabilities on charter parties

£125,310 4 3

CB.
/17 bills receivable on band—
Considered good, as per list
Do. belonging to other parties £2,601 18 0

14 sundry debtors—considered
good 61,179 1 6
Doubtful ...215,346 17 2
Estimated to produce
Bad
-----E67,570 1 6
)31 un sdry merchandize on hand—as per
Itatement estimated at 11,070 0 0

£83,980 16 11
A dividend of almost 13s. 4d. in the pound may
therefore be expected. A. committee of three
gentlemen was appointed for the purpose of wind-
ing up the estate under inspection. The capital
of the firm, at the commencement of the year, was
about 6,3811.
The intelligence from New York, furnished by
the Atlantic's mails, is again encouraging, as it
proves that the recovery from the wreck produced
in the crisis is progressive. The most satisfactory
&attire to us is the remittance by this opportunity,
C.a., about 60,000/., which will be followed by
Probably a larger amount in a day or two, per the
Africa. As the sterling exchange was 1081 to 1091,
it is imagined that we shall henceforth receive
regular supplies.
About 115,0001. in gold was taken into the Bank
of England yesterday, and it is thought that the
above American
,supply will be similarly appro-
priated.
The demand for money is much quieter, and in
Lombard-street, where the supply is large, bills are
discounted at 1 per cent, below the Bank minimum.
The national' establishment is therefore relieved,
and with continued arrivals of specie, together with
a rapid declension in the stock of securities, its
administration will soon be enabled to lower the
terms to a more reasonable pc int.
• No alteration has been made at the Bank meet-
ing to-day, but it was generally imagined that any
measure would be postponed for the present.
It has been resolved to wind up the affairs of
Messrs. Bardgett and Picard, under inspection.
The Funds are buoyant, and, despite a few sales
-Of stock, the quotations are fully maintained. At
present they are a fraction higher, as purchases are
',Burned in consequence of the certainty felt in a
speedy reduction in the rate of discounts. Our
financial prospects are certainly much more satis-
factory, and although 10 per cent. is still the cur-
!eat charge, the public are warranted in looking
forward with increased confidence to the events of
the next few months. Consols have been 91
and 912 The New Three per Cents. are 91i a,
and the Reduced, 91± ; Exchequer Bills are 4s.
discount to par. and the Bonds are 98i 99.
In the Foreign Stock Market a firmer tone is
apparent, and prices are all higher. Turkish 6 per
Cents, are 94i 95, and the 4 per Cents. 100.
Spanish 3 per Cents. are 41;1 ; Ditto Deferred,
25i ; Grenada Deferred Bonds, 5i ; and Sar-
dinian 5 per Cents., 85.
The following are the nominal prices of Foreign
Stocks :--Grenada Deferred Bonds, 5 6 ; Mexi-
can, 181 1.9 A ; Peruvian 4i per Cents., 74
rG ; ditto 3 per Cents., 50 52 ; Portuguese 3 per
dents., 43i- 44/ ; Russian 5 per Cents, 103 105 ;
do. 4i per Cents., 95 97 ; Spanish 3 per Cents.,
41411 ; ditto New Deferred, 25k Is.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
.
Great Western
8 £27,051
North-Western
South-Western
Brighton 11,866 12,248
Midland
tionth-Eastern
Great Northern 25,573 23,288
Lancashire and Yorkshire 17,901 21,597
Bristol and Exeter 5,031 5,099
Chester and Holyhead
4,758 6,383
East Lancashire
Lancaster and Carlisle
Manchester, Sheffield, & Lincoln .9,046 9,136
North Stafford
Oxford, Worcester, and Wolverh 4,001 3,810
South Devon . ~. 2,204
West Hartlepool 3,102 3,421
Waterford and Limerick
Edinburgh, Perth, and Dundee
Edinburgh and Glasgow
Glasgow and South-Western
Scottish North-Eastern 3,170 3,020
Grand Trunk of Canada
Great Western of Canada 9,408 14,298
Rather more activity has been apparent in the
.Railway Share Market, and some of the principal
lines have advanced about +to per cent. ; others,
however, have declined to a slight extent, owing to
the unfavourable traffic returns. Caledonian, Great
lfortherns, Lancashire and Yorkshire, Brighton and
• 'Manchester, Sheffield, and Lincoln advanced
13.2' ; Eastern Counties, 10s. ; and North-
Eastern (Berwick), North-Eastern (York), and