The Sun.
London, England, 1854-08-26 00:00:00

WOOLLEN TRADE.

(Front the Leeds Mercury of this day.)
LEEDS, Aug. 25.—There is no material change in the
state of trade in the warehouses during the current
week ; perhaps it may, on the whole, be reported a little
quieter. There is a very steady business doing for the
home market, but as the shipping season is now near a
close, the expoit houses are not doing much business.
HunnEnsvlELD.-2The market to-day in the Cloth-
hall was less animated than our former notices, but it
is perhaps necessary now and then to repeat the fact,
that the Cloth-hall is the index to the amount of business
doing in the town and district.
HALIFAX, Aug. 19. No alteration this week in the
piece and yarn markets, nor much in the wool trade, in
which prices are exceedingly firm at the late advance.
The supplies increase considerably.

OLD-STREET EXTENSION AND NEW OXFORD-STREET
JUNCTION.—The great desirability of a better communi•
cation west and north-east has long been felt, recognised,
and raid for by the public : how to get from the west-
ern district to the Eastern Counties Railway, Hackney,
Dalston, Homerton, and other large neighbourhoods,
without traversing the crowded City and adding one-
third to the distance and time occupied in transit, is a
problem difficult to solve, and a matter worthy of some
consideration. Whilst lines of streets, greatly inferior
in pretension and in usefulness, have been carried at
great expense and difficulty, it is not a little singular
that this line, so much needed, and, in fact, imperatively
demanded, has been suffered to remain in abeyance, for
the facilities of its execution are probably greater than
could be found in any other line. Old-street abruptly
ends and is terminated by a screen-wall of the Charter-
house grounds thence to St. John-street is unoccupied
ground, available for building purposes : crossing St.
John-street, a very poor neighbourhood, and St. John's-
square is reached, forming the requisite opening :
passing a very small distance thence and Farringdon-
street is reached : this would have to be crossed by a
viaduct, so as to preserve the high level throughout ;
thence to Reid's brewery, King's-road, Theobald's;
road, and Bloomsbury-square, These last, with com-
paratively small alterations, would, in point of fact,
constitute the new line a direct one, and in this respect
superior to many new lines of street which cannot claim
directness, but are a poor sort of compromise between
the old and new—a course of proceeding greatly to be
deprecated, and. perpetuating an evil which becomes
every day more apparent.— The Builder.
MEETING OF THE "CONFEDERATES" OF CORE:.—On
Saturday evening the " Democratic Confederates" of
Cork met at Nile-street, in that city, Mr. Brian Dillon
in the chair, when the following resolution was adopted :
"That the Nation newspaper having proved recreant to
its ancient creed and faith, and having become the
fiercest defamer of our gallant friends In exile, we hereby
repudiate and denounce its denationalising and deceptive
doctrines, and adopt the New York Citizen as the only
true representative of the democratic spirit of Ireland.
The report of the proceedings (of which I forward a copy)
does nut give a list of the names of those present, but
merely states that the meeting was "unexpectedly
numerous."
SHIP-BUILDING ON THE TYNE.—SHIELDS, Aug 24.
A large 2,000 tons full-rigged ship, the largest timber
vessel that has been built in the lower reaches of the
Tyne, was launched from South Shields this afternoon.
She is for the city house of Marshall and Edridge, and
will be engaged in the Australian trade. During the
armstide a large paddle-wheel steamer was launched
from
the building-yard of Messrs. T. and W. Smith, in
North Shields ; she is for the Mauritius. An iron
screw vessel, to be employed in carrying copper ore from
Ireland, was launched from Mr. T. D. Marshall's yard
South-sands. The progress of ship-building (iron and
timber) on the shores of the Tyne and Wear is amazing,
notwithstanding the check the shipping trade has re-
ceived by the stagnation caused by the war. There is
not a shore on the Tyno and Wear, from the sea to five
or six miles up, but is employed in shipbuilding. It is
an understood thing among shipowners that collier brigs
will be superseded in the course of 20 years by steam
screw colliers in the London coal trade, and capitalists
very rarely invest in this class of property, but are em-
barking their money in first-class vessels, which, of con-
sequence, are in great demand. A very considerable
number of foreign vessels have visited the Tyne during
the past two months to procure cargoes of coal. At
present _nearly every mercantile country, in the world
is represented _in Shields harbours, .Turkey and Greece
Woluded• _