The Sun.
London, England, 1862-12-27 00:00:00

STATE OF TRADE.

MANCHESTER., Dec. 26.—A market was hardly
expected to-day, owing to the supposed absence of
many business men to enjoy the Christmas holi-
days. An unexpectedly good attendance took place
on the Exchange, however, and under the stimulus
of advices from Liverpool more business was done
than had been expected. The Liverpool cotton-
market is understood to be closed from Wednesday
last till Monday next ; but, according to telegrams
received here something like 20,000 bales have been
sold at Id. per al. advance. There could be no au-
thentication of the report, because the registry-
office of the brokers would be closed, but it has had
a good deal of influence here. The yarn market has
been very strong, and all spinners have been asking
much higher prices. This checked business for
shipping, but the home trade have rather freely
paid the advance. There has been less disposition
to do business in cloths, but still some sales are re-
ported under the influence of the reports from
Liverpool. In some cases manufacturers have asked
an advance, and this had a tendency to limit opera-
tions. The market has been irregular, and there
seems to have been more business men absent in
this department of trade than in that of yarns.
Telegrams are to hand from Bombay to the 12th,
and from Calcutta to the 11th inst. At Bombay
cloths were 3d. per piece down, but at Calcutta
prices were a little better. A China telegram
quotes prises up 2s. to 3s. per piece, but they are
still much below quotations here.
CARDIFF, 26th.—It is expected that a consider-
able improvement will take place at several of the
iron works during the ensuing quarter. Prepara-
tions are now going on for an extension of opera-
tions. The trade continues in rather an unsettled
state, and it is probable that this state of things
will prevail until the quarterly meeting, when the
ironmasters look forward to another advance in the
price of iron. Quotations remain about the same.
The coal trade is tolerably brisk, and the men are
generally well employed. The following are the
average quotations :—Steam Coal, 7s. 9d. to Bs. 6d.,
f o. b.; house coal, Bs. to 9s.

TOTAL WRECK OF A LIVERPOOL SHIP.

LYTHAM (NEAR PRESTON), Friday Night.
During a gale of wind, and in a heavy surf, this
morning, the barque Brazil, of Liverpool, bound
from Bangor to Maine, U.S., with deals, being
disabled off the Lancashire coast by loss of sails, was
observed to be diverging to leeward of her course,
and to strike heavily on the Salthonse Salad Banks
at six o'clock this morning. At daylight informa-
tion of the wreck was brought to Lytham, and the
lifeboat of the National Lifeboat Institution sta-
tioned there was thereupon launched without delay
to her assistance. On nearing the vessel they per-
ceived the crew attempting to leave in their own
boat, as they did not observe the approach of the
lifeboat. Owing to the heavy surf that was run-
ning their boat was in a sinking condition, when
the crew, numbering 13 men, were taken from her
by the lifeboat. Thd ship's boat went down imme-
diately afterwards, and the pcor fellows had the
narrowest escape of their lives. The vessel has
since become a total wreck. This valuable lifeboat
has, during the past two or three months, saved
14 men from the American ship Annie E. Hooper,
of Baltimore ; saved the schooner Ceres, of Ar-
broath, and her crew of five men ; brought the
derelict sloop Mart, of Stranraer, into port; and
saved 13 men from the barque Brazil, of Liver-
pool. Total, 32 shipwrecked persons saved from a
watery grave.

REPRESENTATION OF RElGATE.—Yesterday even-
ing Mr. W. A. Wilkinson addressed a meeting of electors
at the New Public Hall, Mr. T. North in the chair. Hay-
ing been introduced by the chairman, Mr. Wilkinson said
he thought there was something in his position, not being a
stranger, which entitled him to have a preference over ano-
ther candidate, although of Liberal principles. He believed
it was the general feeling of the electors to support him,
and, if so, they would be sure to win. If, however, they
divided and formed two sections of Liberals, the great
probability was that a Tory would get in. He
was known to the electors as a consistent Liberal. With
regard to the franchise, he thought from the spread of edu.
cation, and the increased intelligence of the people, that it
ria.ht. to be extended ; but it was of no use to give a man a
"to vote unless he ceuld freely exercise it. Ho there-
fore advocated the ballot. He could not see what harm it
could do. If any elector liked to go and vote openly let him
by all reee,u-
who was timid so, but he could not see why another man,
give his vote Shouldr not be protected by being able to
ate,
With regard to church rates, he was
quite in favour of their
total and immediate abolition. He
believed the meaauxe
thwould be for the benefit of the Church.
As to the present
runt he believed that Lord Pal-
merston was generallyvvo
deal was said about the err among Englishmen. A great
try ; there might be in* nnona expenditure of the ceun-
mWoing outlay, but it would be
miserable economy not to be
shores. Some persons objected to
pre pared to defend our
was always talking and getting readl44'd Palmerston that he
war never came. The secret was Thfor war,but somehow
had produced a feeling in the mina:" Lord Palmerston
would not allow himk.elf to be insnlt'etd.nations that he
to the American war, ho thought the Sou: with
regard
to secede from the North if it thought had a tight
Flo so. The country was large enough to fornTtr°/)er to
nations. If they elected him he would endeavour wt: agareat
eate those principles which he thought best for the honolnl7
d safety of the country. At the close of the pro-
ceedings, Mr. Wilkinson proceeded to Redhill, where a
more numerous meeting was held in the Corn-Exchange,
/qr. J. Seale presiding. Mr. Wilkinson having again ad-
dressed the electors, a resolution that he is a
in la fit
pandlproper
person to represent the borough of Reigate
.ment
wer of Titsey-
was unanimously carried. Mr. LeVeson Go
electors of
park, Surrey, has issued an address to the
this borough, and announced his intention of going to the
poll. His opinions are liberal. Being a large landowner
near Reigate, he carries great interest, and he will have
the support of the friends of the late member, The candi-
dates at present fairly in the field are Mr. Wilkinson, Mr.
Wortley, and Mr. Gower. Although the names of several
otheer gentlemen have been mentioned as likely to contest
the
borough, no others have as yet formally announced
their intention of doing so.

THE SUN.

LONDON, SATURDAY, DEC. 27, 1862.

If the leaders of the North do not at length de-
spair of the fortunes of the Union, they will deserve
as much respect as the Roman Senate while HAN-
NIBAL was defeating them in one bloody battle
after another, and was master of Italy almost to the
walls of Rome. The repulse from the Confederate
works on the side of Fredericksburg opposite that
which runs along the river, now appears to have
been a substantial defeat. From the previous tele-
grams we could only gather that it was unsuccess-
ful in its object, and the loss probably severe, but
the Federals were left in possession of Fredericks-
burg, and seemed more disposed to renew
the attack than to recross the stream.
We now learn by the China with two days'
later news from New York (to the 17th),
that the Saturday's battle was not renewed on the
Sunday or the Monday, but that on the latter night,
Monday 15th, BURNSIDE found it necessary to re-
treat. For once the Federals performed this diffi-
calt task with complete success in the closest proxi-
mity to the enemy. The Confederates have often
done it as well, but it seems probable that this time
the Federals walked away without their enemies
suspecting it. A storm of wind and rain seems to
have greatly assisted the operation. No trustworthy
statements have been furnished of the loss sustained
by the Federals ; indeed, when they vary between
ten thousand and double that number of killed and
wounded, any attempt to make out the truth must
be useless. We well know that in a point blank
assault on a strong position the loss of the assail-
ants in any case, but especially if repulsed, must be
far the heavier ; we expect, therefore, to find that
the Federal loss has been several times greater than
that of the Confederates. The loss of two generals
by the Federals looks like desperate and bloody
fighting.
We naturally ask what will be:the immediate
military consequence of this severe repulse. At
Washington all seems to be in confusion. The Gene-
ral in command, for once, does not seem to be much
blamed by the people. Two things were against
him; his own judgment, it appears, was against the
movement, and he is blamed so far as having per-
mitted his judgment to be overruled. But what
probably was the real cause of the failure, was, that
instead of the pontoon bridges being ready on his
arrival, he had to wait twenty-six days, during
which time, of course, the Confederates were able
to make their position" impregnable." BURNSIDE
has failed in an attack which he thought he ought not
to make, and the mismanagement of the War-offitte
created for him a fatal delay. Hence we read of
clamours fur the dismissal of HALLECK, the Com-
mander-in-Chief, and STANTON, the Secretary for
War.

where it is, or
Will it go into winter quarter
But what will the army of the Potomac do?
withdraw to Washington, or move to some other
place. 'the talk is of winter quarters ; but, gene-
rally, in cases like this, rumours of this kind are
but a blind for the real plans of the authorities.
On the one hand we see, from present information,
no reason to think that an attack on LEE'S posi-
tion n 0 t g would be more successful
than
in
etrhee spring
recent one. On the other, the Federals
i,
appear to have their eye on any other
,
route to —lc P. hDlOtiZ!. They mustmust begin. to think
the road thither a difficult one. They first found