The Sun.
London, England, 1862-11-19 00:00:00

STATE OF TRADE,

.~-

MANCHESTER, Nov. 18.—There 1:4..:11
little more inquiry fur yarns;
wet this inquiry by edering rather easier tet,ts,
buyers have been induced to make moderate I%ar-
chases. Some people are led to think that prices
have now about reached the turning point, and that
we shall probably not see much lower, if any lower,
prices for some months to come. This belief is
founded on the fact that sonic little demand is now
springing up for various quarters where the mar-
kets have been observed to be bare of supplies for
some time past. While some of these markets are
bare of supplies it must also be borne in mind that
the great curtailment of production 'by a stoppage
of mills has caused stocks to dwindle a good deal
here, and some orders having been offered this
morning for yarns suitable to the Mediterranean
trade, a ditEcult3 was expetienced inobtaining them.
Prices of yarn are down to-day only a shade lover
than last week, but the decline fioui the highest
point of the past three months is fully 4d. per lb.
In some cases the decline is rather more, but this
about represents the depreciation in the bulk. The
cloth -market continues exceedingly depressed,
and prices are gradually declining. For India
shirtings buyers would have been able to operate
to-day at about 6d. per piece less than in the early
part of last week ; but India goods are, perhaps, if
anything, rather more depressed than most kinds of
cotton fabrics. Printers are rather easier to buy,
but still these and domestics are less depressed than
some other goods, and the low prices have had the
effect to-day of inducing some little business. We
hear of some manufacturers who have taken orders
for printing cloths this morning, which will induce
them to re-open their mills. The cases are excep-
tional, perhaps, the manufacturers in these cases
not making their own yarns, but probably having
the opportunity of buying them either at a price
which will pay, or at a rite which will leave so
slight a loss that they are tempted to take the orders
for the sake of keeping their machinery going, and
having it in their power to help their workpeople
a little. From the highest point at the end of
August prices are down considerably ; for instance,
811b.lIndia shirtings, which were then 18s. 6d. to
19.4. per piece, may now be bought at 15s. Most
kinds of cloths are down in something like the same
proportion, though pr nters, T-cloths, and domestics
are perhaps less depressed. For T-cloths we have
heard of bona fide offers from quarters from which
it would have been vain to expect orders for a long
time past. So far there seems to be some improve..
ment showing itself, but still, with regard to the
general market, the description given above is, we
believe, strictly correct. Messrs. John Slagg and.
Co., report :—" The market generally continues ex-
ceedingly depressed, and prices are gradually do..
clining. India shirtings are nominally 6d. per piece
less than on this day week, and quotations are very
irregular. There is still a fair deznarid for certain
kinds of printing cloths; but evca in these, owing
to the state of the cotton-market, prices continue to
droop."
LEEDS, 18th.---The markets in the cloth-halls
have been of a very quiet character this morn-
ing. The attendance of buyers was scarcely so
numerous as last week, and what little disposi-
tion there was to purchase goods was checked.
by the weather, which became thick and foggy
during the market hours. In the general features
of the trade, however, there is no alteration, and
there is a fair amount of business doing for the sea-
son of the year. Till the purchase of fabrics for
spring sets in the public markets are likely to wear
a quiet aspect, Wools keep up in price, as do also
cloths of every description. The flax spinners keep
tolerably well employed, and prices are steady.
l'he general condition of the operatives in most of
the manufactures and trades of this town and dis-
trict is fully as good as can be expected.
ROCHDALE, 17th.—The markets to-day for wool
as well as for funnels, have been satisfactory. A
good deal of wool was sold for immediate consump-
tion, and prices were firm. There was a good sale
for flannel, especially for fine scarlet and other kinds
of fine gOods. There was also a fair sale of ordinary
goods, and altogether the aggregate amount of busi-
ness done was more than last week. There is a
steamy demand for Yorkshire goods, without any
alteration in price.

A BLOW AT 2.11 E AFRICAN SLAVE

TRADE.

(From the .117-ew York Times, Nov. 1)
Another important blow at the slave-trade was
dealt yesterday in the United States Circuit Court
in this city, in the conviction of Albert Horn for
fitting out the steamer City of Norfolk for that traffic.
The evidence, as given in court, showed that the case
was a most flagrant one. It showed that Horn
bought the vessel, paying 25,000 dols. for her; that
she was run on one voyage to Havana and back,
and then was sent to St. Thomas, having had some
25,000 dole, more of repairs and outfit put on board
of her. At St. Thomas the transfer, which is an
almost universal accompaniment of these cases, took
place, and the vessel, after running to Barcelona
(Venezuela'2, to get water enough, sailed for the
African coast, and on arriving in the Bight of Benin
took in 800 negroes in broad daylight and sailed
for Cuba, where she arrived with them. Having
discharged them into boats the steamer was aban-
doned by her crew, but was shortly afterwards cap-
tured by a Spanish man-of-war, which also cap-
tured most of the negroes.

Horn's defence, of course, was that he had no-
thing to do with the vessel after she was sold, and
he said also that when he sent the vessel out he ex-
pected to charter her to the Venezuelan Govern-
ment to carry troops. The Government, however,
showed that she carried out from here nearly every-
thing which was required for the slave voyage ;
that the transfer was clearly a sham one, as no
money was paid, and the mate to whom she was
transferred testified that he had no interest in the
vessel. The Government also proved declarations
of Horn here, that the vessel was going into that
trade, and that he was interested in the vessel ;
and the Spaniard, to whom the defence would have
it appear that the vessel was really sold, testified
that he did not buy her, but that the Spanish cap-
tain ran away with her. The jury, on all the evi-
dence, were satisfied that Horn was one of the
guilty parties, and we have no doubt that their
verdict was just. Thus this enterprise, which was
on the verge of success, and 'would have been so
profitable that the parties could afford to throw
away property worth 60,000 dole. when they
thought it had succeeded, has culminated in disas-
trous ruin for at least one of the parties.
We congratulate the community that at last ono
of that worst class of offenders engaged in this in-
famous
—those New York traders who have
fitted out and sent from this port so many vessels
to disgrace our country, our civilisation, and our
Christianity—has been brought to punishmen t
It seems as if it must be the finishing stroke to the
slave traffic out of th:s city. At any rate, it has
received such damage that the officers who have
shared in inflicting it are entitled to the thanks of
au who prize our good name, or care for humanity.

GLENICILRIE.—MISERABLE STATE OF THE CROPS
IN THE HIGHLANDS.—Neverdid the close of harvest present
a more threatening and ruinous aspect in the Highlands
than it does at the present time, On most farms which are
favourably situated the crop is well secured, but on late
places and in high glens, where the soil is cold and heavy,
comparatively little has been done to the in-gathering of the
grain—so little, that on some farms in this neighbourhood
only two and three stacks have appeared in the stackyards,
and the fields present a miserable aspect. So little of the
crop had bean gathered in, that " getting" had to be resorted
to. This is done by binding the sheaths below the ears,
and spreading out the lower part of them, so that every
sheath is made to stand by itself—a process which has failed
s covered
has now
in giving satisfaction this year, no,
the ground to the depth. of five or six inches, which has
broken down the "gate " and lodged them among the Mow,
like bushes of mountain heath in the middle of winter. The
only cheering feature we have under these disheartening
circumstances is the fact that most farmers in this district
depend chiefly on their sheep and cattle for the where-
withal
eotuopay their rents; and if a sufficient quantity of
straw
be secured for the wintering of cattle, most par-
ties might come pretty well out of it after allo—Dtoidet
Advertiser.