The Sun.
London, England, 1862-01-18 00:00:00

SIJGA.R MARKET.

The average prices of sugar, for the we.k ending Jan. 14,
ire :IS follow r

Muscovado, the prc duce of the British pos-
sessions in Ameri c
Muscovado, the prow 'uce of the Mauritius 20s 101
Muscovado, the prod. 'tom of the East Indies...26e 10c1
Average price of the i vegoing 24s 7iu

THE CO .I'7'oX TRADE.

The sales of cotton, sin ce the let: January, as made up en.
Thursday evening, amour t to 168,60 bales, of which specu-
lators have taken 89,960, exporters 20,070, and spinners
58,580 bales. In the earlp part of the week the indecisive
information from America. caused a degree of dulness, with
a slight giving way in value ; but this was instantaneously,
succeeded by an active demand, with advancing prices on.
the intaligence by the City of Washington becom-
ing known,. on Wednes day afternoon, of the amicable.
adjustment of our differences with the United States,
and on Thursday the sales reached 25,000 bales, with an
excited market—prices of American on that afternoon show-
ing an advance of id to ld per lb. In Surats the improve-
ment
their
is
d
relative with ,transactions on a large scale, arising
from cheap;oess ; Brazil and Egyptian are also
dearer, the former id to id, and the latter id per lb. In
former periods the probability of a war with America would
have advanced prices in the cotton market, and the assur-
ance of pea.''s de
pressed them; but now the reverse is the
case, from the existence of the peculiar conflict between the
Northern and St,uthern divisions of that country, and, but
small hope being eLntertained of any supplies from the pro-
lific cotton fields of tt,'e South for the present, prices are
tending to high and dank:crams figures; yet, so long as the
ptei's is maintained, the natural
blockade of the Southern
relyi undefined, result is advancing prices, and, t. he point to which they may
eventually reach being as yet eat
specula-
tors, as will be seen by their extensa,ve Operations since the
Ist of January, are sanguine that we a'.9 still considerably
within it, while the cheaper rate of monb.v increases their
confidence. The position of Liverpool, both in respect to
stocks and prices of cotton, shows how little the i; rodh•cers
of the raw material are indebted to spinners for the first alla.
most important action in regard to it,—that of bringing it
to the English market, and holding it when received ; nay,
more, their very chariness of purchasing, now that it is
here, further illustrates an absence of encouragement either
to its growth or importation which materially weakens the
force of their demands for Government to provide for the
extension of cultivation in India, as Surats form very
nearly one half the stock now in Liverpool, as weasured
by bales. If the cotton ports of America are not opened
before Midsummer—which seems to be the period assigned
in the Northern States for the subjugation of the seaboard
cf the South, and by these means securing an outlet for cot-
ton—spinners, not only in this country, but in Europe and
America also, must naturally become hard pressed for raw
material, and a demand may be naturally expected on thin
market, in which the stock is now held, with a weight at
present altogether without indication ; for, measured by the
number of bales, we have more cotton in Liverpool at this
moment than at the same period last year, and have shown
an excess week after week for some time past. Nor does it
follow that, because the ports of the South are opened by the
successes of the Northern fleet and armies, cotton will flow
freely through them, for so long as the interior is held by
the Secessionists cotton will be retained there, or in the last
resort may be destroyed. We are thus by no means sure of
any weight of cotton from America, even by Midsummer;
for, assuming all coast successes, the Northern troops can
scarcely be expected during the summer months to move in
that country of fierce heat and deadly fever. On the other
side, however, it can hardly be doubted that, should the
North be successful in Virginia, and drive back the forces
of the South, as well as occupy and threaten a forward
movement from the sea coast, the South will be prepared to
make overtures of peace ; for, however determined they may
be at present, if vanquished on all sides, it can scarcely be
expected that their resolution of fighting to the last will
then hold. As yet, however, there is no appearance of the
South being in any such strait, as they hold their position
in force on the Potomac, from which they most first be
driven before they can be crushed.—Liverpoo/ A/bion of
Monday,

COUNTRY MA.IKE2 S.

. ,~.

LIVERPOOL—JAN. 17.
A fair attendance to-day. Wheat met a good consump-
tive demand, and last Friday's quotations may be repeated.
Flour a better inquiry, and 6d per barrel below previous
rates. Oats and oatmeal were steady. Indian corn was
in goad sale, and held for lato rates. Beans, peas, and bar-
ley 6d per qr cheaper.