The British Press; or, Morning Literary Advertiser.
London, England, 1826-09-14 00:00:00

STATE OF TRADE.

Among the symptoms of general improvement in trale
may be noticed the favourable change which has Eittl,
taken place in the demand for colonial produce, and trial:,
of the most important articles of foreign merchaudii; During the panic, and the worst part of the subscquent
stagnation of business, these articles were almost unsaleable
at any price ; and to obtain advances of money upon them
' wass quite impracticable. The stocks, too, generally speak-
ing, were very heavy ; consequently, as long as the demand continued so greatly reduced, the merchants had
not ait
means of making purchases of goods to supply even the re-
gpuorlatrarceonasiuwmaypstipoanitoilf.odriosein markets,ilritishanuf
macturrd goods, whose articles of ex.
The relief, however, which merchants are now expe.
' riencing by an augmented sale, and somewhat imprint.'"
prices for their produce, will, it cannot be doubted, e
long, create a revival of demand for the various classws ore
f
our manufactures. The customary interchange of commo-
dities, which has of late been so greatly interrupted, will
gradually be resumed, and a regular and moderately profit.
able business, we trust, succeed to Ilse long and severe
period of suffering which the commercial interest has tin.
dergone.

In speaking of the state of trade her:• during the past
week, it certainly appears to us that s•iiiie of our contieru.
poraries, and of the Landon Papers, have attributed a
greater effect to the permisaion to Import foreign oats.
than facts will justify. That there were more sales effiercl
last week than before, is, we believe, certain ; bot. 1,, a
number of weeks past business has been increasing, and it
was still expected to increase. We much dottht, in poi,
of fact, whether the late proclamation has yet caused sty
additional pnrchasing of goods. If it has, it is a 'pm.
lative purchasing, and, we fear, will turn out not to be a
prudent one. That to give us a fixed and settled imports.
tion of foreign corn would produce a vast addition to the
demand fur our manufactures we have no doubt—that the
limited right of importation now conceded will be very
advantageous we are also perfectly convinced ; but this
vantage may be much counteracted, if extensive, pre.
mature, and ill-advised speculations are entered into on tbo
contingency of its effects.—alfamckester Mercury, Sept. lY

• DREADFUL SHIPWRECK, AND LOSS OF TWENTY-
FOUR LIVES; OFF THE COAST OF REDCAR.

[from the York C— unroof., &pt. ISA
ft Is our painful duty to have to record more distressing wants
of shipwreck, near this fatal shore, than on any other part of the
Yorksaire coast.
The following are the particulars of the dreadful scene which
occurred here on Wednesday last :
The Eel, a Greenland vessel, bound to Whitby, came on shore,
during a tremendous gale of wind, about eleven o'clock at night,
nearly a mile from Hellcat., end adjoining to Marsh. The
was promptly obtained from ltedcar, anu several individuals, at the
imminent danger of their own lives, fearlessly hastened on board,
and put off towards .the vessel, with the hopes of thus saving some
of their fellow-creatures from a watery grave; but, after many
fruitless attempts to gain the vessel, in which they were as fre.
timutly driven back by the boisterous billows, and not having suf.
hcient hands on beard to manage the boat, they were reluctantly
compelled to give up the hope of affording the wretched crew any
assistance from that source. The ill-fated vessel kept beating
against the rocks, &c. until nearly five o'clock the next morning,
when she parted completely in two, and the crew, consisting of 27
persons, were instantly precipitated into the foaming deep. Twenty-
three of these unhappy beings soon found a watery grave. Toe
Captain, and three of the sailors, were washed on shore ; ever, at.
tention was paid to them, and the sailors moon recovered, but the
Captain, on arriving within a few yards of the shore, was so severely
struck by a lug of timber, which had floated from the wreck, that
on being taken up on the beach, lite was found extinct.
The Esk had on board fifty tuna of oil, seal.skins, &c. Ste. Se.
veral of the casks coniaiaing oil have floated on shore, and the yes-
eel is now a complete wreck.