The Sun.
London, England, 1852-05-19 00:00:00

STATE OF TRADE.

(From the Manchester Guardian of this day.)
ISIANCIIESTER, TUESDAY.—The Asia, with advices to
the sth inst. from New York, arrived in the Mersey at
six o'clock on Saturday evening. The telegraphic
announcement that she was off Holyhead led to some
of the speculators, who were expecting accounts of a
further lists in America, to purchase freely in the
latter part of the day, so as to swell the trans-
actions to 20,000 bales. It turned out, however,
that the tendency to speculation was somewhat
abated; that the New York and New Orleans
markets were less animated; and that the incline-

tion of prices was slightly in favour of buyers. The
total receipts to May sth were 2 682,710 bales, against
2,060,931 last year; and in the week, 75,140, against
38,326 in the corresponding week of 1851; and it was
anticipated that on the 12t0 they would show a still in-
cl., asing excess. In short, the indications of a crop of
3,000,000 bales were more decided than before. These
advises had the Efff et of checking the spirit of specula-
tion in the Liverpool cotton market yesterday. Business
was tamer; and, it the buyer could secure no concession
i❑ price, he had, at any rate, a larger choice,
which comes to much the same thing. Still, the sales
amounted to 10,000 hales. To day, there has been an
evident attempt to make the best of matters. At noon, it
was telegraphed that. the sales were 8,000 to 10.000
bales, and the market firm; but the atternooe's an-
nouncement stated the sales as only 6 000 to
8,000, with a flat market. At the same time,
the resident merchants in this place continue to re-
ceive descriptions of a state of trade in Germany which
are as discouraging as ever. And we have letters by the
overland mail representing the market for goeds and
yarns in general as exceedingly dull at Calcutta, with
rather lower prices in some descriptions. At Bombay,
too, the transactions have been quite inconsiderable,
but this was mainly owing to the absence of flesh sup-
plies, and the consequent indisposition of holders to
realise. Prices were generally steady. Mule twist,
however, was slightly lower. In the Canton market
but little has been done in our staples, bat stocks
were light. These accounts, and those from Ame-
rica, have jointly exercised a rather unfavourable in-
fluence upon yarns and goods in this day's market; for,
although the state of trade in the east does not appear.
to be worse than before, yet the absence of any
stimulant to further operations, at present, has a
somewhat subduing effect under existing circumstances.
We have, therefore, to report an inanimate market
in yarns and goods at large; a marked caution on
the side of buyers; and an amount of business
altogether inconsiderable. In some few articles, sellers,
too, have been found slightly better to deal with,
but, as a whole the market remains quite steady.
Spinners are, indeed, for the most part so well en-.
gaged as to be indifferent about selling at present, ex-
cept on their own terms. The extreme dearness of Sea-
island cotton has led to an advance in the prices of fine
yarns, from 100'a upwards. The makers of domestics
complain very much of their trade. They still fied the
home demand very bad; they have to depend mainly,
therefore, upon foreign buyers; and aro unable to get
any higher prices, though the cost of production has
now risen considerably.
ROCHDALE, iIIoNDAY.—We have had rather more in-

quiry for goods today, and a rather better demand.
The merchants have shown a greater disposition to pur-
chase, if the manufacturers could have submitted to a
reduction in price. Wool is firm in price, but with
little business doing.

HALIFAX, SATURDAY.—III our piece hall to-day there
has been a very slender attendance of buyers, and but
few goods, either plain or fancy, have changed hands.
There is rather more doing in yarn, chiefly for the ship-
ping houses; and the quotations exhibit a little more
firmness. Wool continues quiet, without any alteration
in prices.
HUDDERSFIELD, TUESDAY.—There is no noticeable
change in our market to-day, except it be that buyers
have been rather scarcer than last week. Tile quantity
of goods that havo exchanged hands in the hall has not
been large; and the purchases have consisted chiefly of
crapes of the clouded and shaded patterns, at low figures.
M.limited amount has been done in wools, at very firm
rates.

The anticipated announcement of a reduction in
the rate of interest on the Exchequer-bills falling due in
June appeared yesterday. The existing rate is lessel, pee
day, or 2/. ss. 7%c1. per annum, and henceforth it is to
be 11/4d. per day, or 1/. 18s. OtAd. per annum. The me-
dium course has, therefore, been taken between Sir Charles
Wood's theory that no reduction of any kind should be
made and the principle of adopting at all times the fair
market Late. In the latter case the descent would have
been to Id. per day, or 1/.los. sd. per annum, at which the
preminm would still have been such as to insure their circue
lation under any conceivable change in the money market ;
but, although 33,0001. of the public money has been
sacrificed by not resorting to it, and the credit of the
British Treasury is made to appear much less high than
it actually is, there is a satisfaction in finding that the loss
of double that amount, which was incurred in February, and
which was threatened to be repeated on the present occasion,
has been averted. The lowest quotation of the June bills
yesterday was 645., being considerably above what has
matally been considered the fair average premium that such
securities should be made to maintain. At this price the
actual interest they will pay (excluding the contingency of
a further reduction at any tuture period) will be 1/.165. 10d
per annum.
THE WHALE FISHERY.--A WHALER WRECKED
AND Lose or LIFE.— Letters from Fraserburgh, dated last
Saturday, announce the arrival at that port of the whaling
ship Malmika, Mr. Stephens, master, from Greenland, with
a full cargo of oil. Her news of the fishery is most satisfac-
tory, as she reports the seccess of the undermentioned ships
up to the 24th of April, the time she parted with them for
England. The Agostina, of Peterhead, 140 tons of oil; the
Columbia, of Peterhead, 55 tuns of oil; the Venerable, (1
Hull, 80 tuns; the Commerce, of Peterhead, 50 tuns; the
Hamilton Ross, of Peterhead, 100 tuns; the Sarah and Eli- ... .
zabeth, of Hull, 40 tuns; the Pomona, 60 tuns; the Xanthus, THE
of Peterhead 100 tuns; and the Alarm, of Hull, extraordinary ull, 50 tuns.WEST -GRENADA MINING COMPANT.—The
,discoveries of gold made of late days in
She brings, however, melancholy intelligence of the loss of
the California and Australia, have naturally directed public atten-
ship Joseph Green, of Peterhead, which occurred on the
tion to various other localities situated elsewhere which are con-
20th of March, as she was making through the ice. Un-
happily, the event was accompanied with loss of life. The sidered likely to prove fertile in the precious metals. Among
mwaatstt,er, Mr. Stewart, and three of his crew, met withi
ry grave. The remainder were rescued by another others a rich auriferous district in New Grenada is ascer-
tainedto contain a large amount of metallic wealth, which
the employment of requisite machinery to ensure
whaling ship.
its full development. It is for the purpose of purchasing this
SAILORS' ORPHAN Garth's SCHOOL AND Holm— valuable and conveniently circumstanced property (for the
only needs
The annual general meeting of this oc. of which her situation of the mines, notwithstanding their tropical position,
Majesty is the patron, was held on Meendalyety't Hanover-he is perfectly salubrious, and they can be reached in twenty days
square Rooms; his Grace the Duke of Man'cahets' resided, from England) that the company bee been formed, hearing
and was supported by Lord Radstock, the Hon. PCeaptaein the title of " The West Grenada or Veraguas Gold and Silver,
Maude, the Rev. Canon Champneys, the Rev. Mr. Blood, Mining Company." The names which appear on its direce
and a largo number of influential clergy and laity. The tory are of such a substantiality and respectability as to son•
Noble Chairman having briefly stated the object of the stitute a satisfactory guarantee of the bona fides of the
meeting, the Rev. Mr. Foy read the report, from which undertaking, and a perusal of the proepectns, which will be
it appeared that the strength which the committee had found in our advertising columns, will furnish solid grounds
gained during the past year was to be attributed to the for concluding that its results will prove profitable and of an
amalgamation of the institution with the asylum. In the increasing value to the shareholders. It appears to us, in a
last report an appeal was made to the public, Which had word, to be a safe and sound undertaking. provided the con-
been nobly responded to. The disas' roils burning of the tract be adopted by the Directors, as there is every reason to
Amazon, and the wreck of tie Birkenhead, since their. Last expect. The vendors are persens of high influence and
meeting had more clearly shown
dty
threevihich existed character in the country, so that there can be little or no
for their institution. Theyhad admitted children doubt as to the completion of the arrangements, and the
9 . they would ample satisfaction of all parties concerned in the proprietor-
one whose parent was lost in the Birken- 'ship of the Vgoldandsilver mines.
that day admit
whose fathers‘had perished in the Amazon, and
eraguas
ed to 702/ ,an a ter paying
alt expenses, [ADvEnTIsEMENTI—The Royal Exhibition.--A
valuable,pocket glass,
newly-invented, very small powerful waistcoat
hea The balance-sheet showded
fthat the receipts for the
past year amount
f the report which was seconded 'seen arif rs, the size of a walnut, by which a person can be
t 3,11
meke:epeenr
sa, t
andl2
Ttooul4rismtsi.l_es
neys moved the adoption of the miles distant; they answer every purpose
The Rev. Mr. Blood then on the (n°
11
there remained a balance of 4301. The Rev. Canon Champ-
by Major Little, and carried. Racecourse, at the Opera-houses ; country scenery
and ships clearlyare
Gentlemen,
proceedings closed with a vote for shoutino• deer stalking, yachting,Y Sportsmen,aintvAallenaslse..
from the Amazon; and the proc g, to
miles; they
ebe haadre
gave a very graphic and interesting account of his escape
of thanks to the chairman.
This much la- S. and 1-1. Solomons, Opticians, 89, Albemarle-street,P'
Tun LATE COLONEL FOIIDTCE.—' .
t the dilly, opposite the York-hotel. T 1 icca-
ed a pension o e escopes—A new and most
mooted officer in his last will bequeath important invention in Telescopes, possessing such his command ; eitra-
widow of every soldier who should fall under ordinary powers, that some, RI- inches,
ee I;iith an .
f his wipe
a shilling each per day to all disabled soldiers o . five" will'show distinctly, Jupiter's Moons, Saturn's extralin eyepiece,
• us for his g, and the
and left the means of purchasing commissions Double Stars. With the same Telescope, weighing
most deserving sergeants.—Zuid .Africaan. L., ounces, can be seen a person's countenance' _ only three
3 miles distant,
CoNTRADicTI "Tile more lue
, and an object from 16 to 20 miles. The 2
stis OF PROVERBS.— y supersede every
merrier." Nut so ; one hand is u h
eno g in a purse ---" AN" other kind for the waistcoat pocket, and are of larger and all
thing hurts the atom hsurfeiting." Yes; sizes, with increasing powers accordingly. Opera and Race-
lack of meat.—" Nothing butsnore than
end." Not so; course glasses, with wonderful powers; an object can be
a ring bath none, for -
isitwhat has an
d " 1110neY is a clearly seen from 14 to 16 miles distant. Messrs. S. and B.
great comfart." Not when round.--"
thief to S lomons Opticians, have invented' invaluable
it brings a 1 0 , preseriin-g,
the gallows --- The world is ' ' " Not Spectacle Lenses, immediately they are placed before imper-
a long journey." .
so; the sun goes over it every day "-- ‘4 It is a great way to appears clear and dis'inct ih
feet vision, every object , e most
the bottom of the sea." Not -: is 1 • e sight becomes bright and brilliant, is brought to
so ;it but a stone's cast. -- .
1 aged defective
The
" A friend is best found in adversity." - ' f then Iyouthful, natural, and original state.lnvisible Or-
say. ' Not so; orits
there is none to be found.—" The• hmakes Vibrator, and all kinds of Acoustic instruments for relief
ridep of the rich of
the labour of the poor." Not
80; the labour of the poor ' deafness.-39, Albermarle-street, Piccadilly,
of extreme
op-
makes the pride 9f the rich, lioteL
mite the York