The Sun.
London, England, 1838-05-23 00:00:00

STATE OF TRADE.
Siturday, MaY 5,
The tolls collected on the New York
state canals from the
opening of canal navigation to t:.e 22d April, was
Collected during the 4th week in April D 1 7;000
56,289 61

In all 126,289 61
in the last year,
There was collec,
the mum oted during
fthe month of April
89,074 72

Excess in favor of 1838 37,241 891
Collections in Dollars.
April 1835 130,075 01 Canal opened 15th
ditto - 1836 53,287 29 ditto '''''' 25th
ditto 1837 89,077 72 ditto rki 20th
ditto 1838 126,287 61 ditto —.l2th
The quantity of merchandize cleared on the canal at Al-
bany and Troy, for the months of April 1837 and 1838, is as
follows, viz.. '

1837. 1838.
Albany .7,248 tong 8,225 tons.
Troy 3,055 4 B6O

10, 293

13,085 tons.
10,293

Increase
In April 1838 there passed over the railroad 480 tons of
tnerchandize which was cleared on the canal at Schenectady.
The quantity of Flour brought to tide water in the month
of April, 1837 and 1838, is as follows, viz :--
1837. 1839.
Albany 11,227 tons.. .24,772 tons.
Troy

16,148 barrels 34,043 barrels.
16,148

1,895 arrels.
There came over the rreaseailroad in 1838,17 948 barrels of Flour.
There arrived at Trov in 1837, 23,000 bushels of Wheat,
and in 1838,• 39,235 bushels : at Albany, in April, 1837,
1,436 bushels, and in 1838, 4,498 bushels.—lncrease in 1836
over 1837, 39,997 bushels.
~A,Business continues to increase with a slow but sure pace.
ll parties agree that the fall business promises to be exceed-
-InglY good. The Great Western will go out nearly full of
I)''s'engersond we understand that a number of our importers
a," about to visit England for the purchase of their own goods.
ong the many advantages which the importers will have by
3 onew era in steam navigation, will be the quick return of
ti rders, and also with the same credits as heretofore, a longer
me to get his goods into cash before his notes fall due. The
return freight of the Great Western is already engaged.
ti
s TJOTTO''.—Considerable has been doing to-day in this ar-
cle ; 100 bales of Mobile sold for 91-c. Several other small
sales for home consumption were made of an ordinary kind at
a deduction of 4 cent from our last quotations.
AT NEW ORLEANS, APRIL 28 —There had been a fair busi-
;less doing in this article, the transactions of the week amount
No !Pont 14,000 bales at the full rates of last week ; on Sa-
-ruay and Monday there was little doing, on Tuesday the
the opened, and sales were principally effected on that and
two succeeding days. Yesterday there was but little done,
14 as freights have come down, purchasers may enter the
Market more freely the ensuing week.
The exports are 490,193 bales against 437,245 to the same
vtiod last season, making an excess of 52,948 bls., which
stand thus
f Flour is looking up again-370 bales Western sold to-day
:tit' (I'7 70; 65 ditto Ohio, d. 7 50. This is an advance over
r last quotations of full 25 cents per barrel.
Lc °free continues the same as to price. The sale the past
eel( have been 1,400 bags Brazil, 91 a 10c. ; 700 bags La-
a 10c. ; 200 Maracaibo, si a 9; 250 St. Do-
Illze, ,8 ; 200 Cuba, 10,} a 101,
b, leo on the advance, and the demand continues brisk ; 100
n'e sold to day at 41 4 ; good quality stock is very light,
and holsters refuse to sell unless an advance is submitted to.
T--

or HE GREAT WESTERN. —This magnificent vessel is to sail,
rather steam to-day, and should the weather prove fair our
baY and harbour will present a most beautiful appearance;
rer al excursions having been planned to take parties to
ndy Hook. The steamer New York will leave Beckman-
streeta co at two o' ck ha ilia on board Dodswortd's band, and
suet.
of , v
441.. lour friends as wish to see the gallant bark '° kiss the
blue waves," cannot do better than accompany Captain
beTl'e, who is as polite and gentlemanly a fellow as ever stept
'ween stem and stern.— The New Era.

the BRITISH CAPITAL IN THIS COUNTRY.—It is computed that
whole amount of American Stocks held in Europe, and
1.
.'ll,cipally in England, amounts in the aggregate to 110,000,000
°,"ars. Of this sum the state of Louisiana is the greatest
debtor,
, say 22,000,000 dollars, and Pennsylvania 16,000,000
dollars The sum of 20,000,000 dollars of the United States
cilallk in Pennsylvania, is also owned in England. In this es-
riate is not included the Manhattan Bank, and several other
"links and Insurance Companies in this and other cities, a
great part of the stock of which is owned in England.
The no dou that the whole amount of rsh
a,„
vp"'talre empcanloyb bt
ed in this country, including every speciesß ofiti in-
en-str4ent, as well as permanent stocks, real estate, as also in
ti,ellinlercial business, over and above all credits in Europe, in
f°4linary course of trade, greatly exceeds, perhaps quad-
Op, the sum total above mentioned. This is the over
• 4'lW and it is to this • • mstanee mainly that we are
.11),1 circumstance
indebted for nine hundred banks in this country. Not that
411• Y great proportion of the stock of these banks is owned in
mEngland, but because the investments of British capital in the
anner above-mentioned, has left American capital unem-
irh(?ed, and if has sought investment in our State Banks.
18 is the true source and root of the evil which our Ameri-
"
41
This
statesmen have strangely overlooked in their researches
and
speculations on this subject.
LATER. FROSt EUROPE.—T' he packet ship United States,
elPtain Holdridge, arrived last night, having sailed from
Liverpool on the 9th ult., and consequently. brings London
Papers of two days later than those received via Bristol, by the
Great Western. The late hour at which we received our
files, must be our apology for not making extracts. They do
rlot contain any news of the least political importance ; the
Principal topic under discussion being the prospective results
°f the great experiment of navigating the •Ail,?ntic by steam.
late MEXICA AND TEXAS.—By a slip from the Office ..,
"•
' New Orleans Bee, dated the 28th ult., we are put :2
r°',,s.ession of the following important items :
ta6,,thooner Sarah Ann. Captain Bontems, three days from
'Pio°, returned to this port last evening, in consequence of
Texian ports being blockaded by the French squadron.
L 1 French brig of war La Perouse, was off Tampico on the
t„irlst., the blockade commenced at Vera Cruz on the 15th.
theintnalit Henry, who boarded the Sarah Ann, informed
and gnat the Mexicans refused to pay them the Indemnity,
The trench were determined to compel them.
order° United States ship Natchez, sailed for Pensacola, in
pit 10 make known the blockade.
ip 1,T4 TRxas.—By the arrival of tile steam-ship Columbia,
i
Tex,,,uours, frem Galyerston, we have been informed that the
the an Congress met, and requested the President to have
witlit'on to the United States for annexation immediately
Min
•441,. It was on receipt of a dispatch from the Texian
stet to England.

riVew York American, Saturday Evening, May 5.)
Office of the Pensecola Gazette, April 25, 1838.
Thf, IMPORTANT FROM MEXICO.
tenant United States' schooner, Grampus, Sanders, Lieu-
4na ,e(rimanding, arrived this morning from Vera Cruz,
I,:fil.ngs intelligence that the French squadron is now,
asteio--I,!ig the Alexican coast. It was supposed !hat th,
ItntleL St. Juan de Ulloa, would be immediately invested,
tftinTeat' from its condition, t could not hold out any length
qyl
\! e Mexicans were willing to pay the indemnity demanded
th French, but the latter required some apology, which
Ilatf ~,efrlican Government refused to make. One individual
ItipCered 10.000 horses, and the Church had agreed to
e million of d,,llars to carry on the war.
oq (' " French squadron consists of one frigate and five brigs
;el to''' to which additions are expected. The French ships.
Martiniquemme at and Havana, had been ordered to repair
'rf,""!tely to Vera Cruz.
‘11i1..:! Mexican Government is confident of its strength and
Nl,C„t° meet the present emergency, but apprehensions were
tity%-sf.4,,lned that if the French squadron should bombard the
nt.rnera Cruz, the Federal party would take part with the
and the city would be sacked. All the women and
"Parr," were removing to Jalapa, a town a few miles from
all thekirruz.
The Mexicans and inhabitants were removing
WI, valuables.
teNv„,ll the Grampus was at Vera Cruz, intelligence
_Novnas
Ktes, from the scat of Government, that the Mexican C -
rotn ha before them a proposition to expel all Frenchmen
Th." 2 Republic.
4Nie French brig of war Eclipse also arrived here this
ng, and exchanged salutes with our squadron.

(From the Globe of yesterday.)
OFFICIAL.

Si U. S. FRIGATE CONSTELLATION,
PENSACOLA BAY, APRIL 25, 1838.
c.:"1'421.,'-',Jlr.Grampits has this moment returned from Vera
brings the enclosed papers,. being a report from
'Etter toner Breese, dated the 16th instant, and copy of a
4.14r41 , with circular enclosed, from the French Co-
NI: (iir Vera Cruz, declaring a blockade of all the pouts
The uttimatum and reply mentioned by Com-
ihnv "rees f • ded by him, but I understand
v., will b e was not orwar
e • r, e found in a package of papers from our Consul at
rhitr`-ruz to the Secretary of State, which I this day trans.
'll)3' tile regular mail.
Vera ent9ntario and Concord arc now in the Gulf, the first at
uz and the latter off Tampico.
Ttx,l Ti Vandalic) sails to-morrow or next da for the coast of
I 'llB and MeXiCO. y
44vancltve the honour to be, very respectfully, your obedient
A. J. DALLAS.
Hon. MAHLON DICKERSON,
Secretary of the Navy, Washington, D.C.

United States ship Ontario,
p S~rSacrificios, April 16, 1838.
1,-- 11` despatch the Grampus to apprise you thAt the
'fi nisteT' Baron Deffaudis, received yesterday from
ilott,;()°,:ihne reply of this Government to his ultimatum, which
J satisfactory, it has been determined to. commence
I ae4l4tely the blockm-de of the ports of the Republic. Her_ev‘ith
cgUe,tthe Prench Commander's circular to that effoct. I.have
ed our Consul to procure a copy of the French ul.tima-
i°'_4rrbtvhte, reply thereto, and hope to obtain them in time to
rhere , tie schooner.
are no merchant vessels of any nation now in port,