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

STATE OF 7BADE.

MANCIIESTER, 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 ib. 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 list. 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 95.

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 Salthouse Saud 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. The ship's boat went down imme-
diately afterwards, and the poor 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. Hav-
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
tea% known to the electors as a consistent Liberal. With
cation,
the franchise, he thought from the spread of edu•
and the increased intelligence of the people, that it
ought
to 100 extended ; but it was of no use to give a man a
right to vat,
unless he could freely exercise it. He there-
fore advocated e ballot. He could not see what harm it
could do. It
any
el
by all means do elector liked to go and vote openly let him
but he could not see why another man,
who was timid, should
be protected by being able to
give his vote secretly,
total'th regard to church rates, ha was
quite in favour of theirand immediate abolition. He
Ivohc,
believed the measure
Goverment ho
the benefit of the Church.
As to the present
aho believed that Lord Pal-
merston was generally popular
gEnglishmen. A great
deal was said about the enormous expenditure of the ceun-
try ; there might be injudieions
outlay, but it would be
miserable economy not to be fully
to defend our
wmeaerston. that he
shores. Some persons objected to eerTrated
was always talking and getting ready for
natizreereston
war never came. The secret was that La„r'dll;"nlehow
had produce(' a feeling in the minds of
would not allow himself to be insulted. withe that he
to the Mllol'lo3ll war, be thought the South had ae".a
to seuedo from the North if it thought proper
do so. The country was large enough to form two great
nations. If they elected him he would endeavour to advo-
cate those principles which he thought best for the honour
peace, and safely 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-Exch.angde,
Mr. J. Seale presiding. Mr. Wilkinson having
again a
dressed the electors, a resolution that he is a fit and proper
person to represent the borough of Reigate in Parliament
was unanimously carried. Mr. Leveson Gower of Titsey-
park, Surrey, has issued an address to the electors of
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
other gentlemen have been mentioned as likely to contest
the borough, no others have as yet formally announced
their intention of doing so.

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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-
cult 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-
al 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 failurp, 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 hethought he ought not
to make, and the mismanagement of the Wa office
created for him a fatal delay. Hence we read of
clamours for,the dismissal of HALLECK, the Corn-
oder-in-Chiel, and STANTON, the Secretary for
war,

But what will thn army of the Potomac do?
Will it go
into winter quarter where it is, or
withdraw to
Washington, or move to some other
place. The talk .41
winter quitters ; but, gene
rally, in eases like o
this,
rumours of this kind are
Plans of the authorities.
On the one hind We see,
i
no reason to think that a:ri:ttprek2tnt information,
on LEE'S posi-
tion in the :inring would be
me successful
than the recent one. On ..`lbe other, the Federals
do not appear to have their ese on any otter~
route to Richmond. They must begin to think
the road thither a difficult one. They first found