The Sun.
London, England, 1853-01-26 00:00:00

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SUN OFFICE, Six o'clock

STATE OE' TRADE.

(Prom the Manchester Guardian of this day.

MANCHESTER, JAN. 25.—The New York steamer,
which should have been in Liverpool on Sunday night
or yesterday morning, has not arrived. The want of her
intelligence respecting cotton has rather tended to quiet-
ness in our market, by disposing parties to wait her
coming before they do much. And the advance of the
rate of interest to 3 per cent. increases the spirit of
caution amongst buyers. Still the general bias of
prices, both in yarns and goods, is inclining upward ;
and warps and cops of the medium counts, adapted
to the manufacture of printing-cloths, are quoted at
per pound dearer. Spinners, at large, are well
situated as regards orders, as are also the makers of
nearly all kinds of goods but domestics ; and this, with
the continuance of a steady demand, imparts a tone of
confidence and firmness to the market, which sustains
even those fabrics just referred to as least favourably
situated. All kinds of printers are in good request
and very scarce, particularly the lower and medium reeds;
and the demand continues moderate for the wider shirt-
ings, jacconets of low and medium qualities, T cloths,
and long cloths; and for all these full rates are obtain-
able. The Liverpool cotton market is telegraphed as
firm to-day, with sales amounting to 6,000 bales. Yes-
terday's business was 7,000 bAles, at rather hardening
prices.

HALIFAX, JAN. 22.—With the exception of a few more
sales of mixtures, there is to-dayno perceptible difference
in the aspect of trade in our Piece Hall. The demand
for worsted goods, of every description, is much below
the supply, and prices are generally below the cost of
production. Yarns are still looking up, and on some
few sorts an advance is readily obtained. The price of
wool is firm ; and the raising of the rate of discount by
the bank has had the salutary effect of giving a check to
speculative purchases.

HUDDERSFIELD, JAN. 25.--We have no important
feature to report of our market this week. Business con-
tinues much the same as last. There has been a good
demand for goods of low class in the Cloth Hall, conse-
quently stocks are kept extremely low. Manufacturers
complain that they cannot obtain any advance in ,prices
to correspond with the advance in the raw material,, of
which the tendency iafstill upwards. The warehouses
generally have been very busy during the vveelF. .
ROCHDALE, JAN. 24.—We have had a very fair de-
mand for pieces tts-day, and the manufacturers have ob-
tained rather better prices, but nothing equal to meet the
late advance of the raw material. Wool is scarce, espe-
cially English wool, and the tendency of its price is
gradually upwards. •

LIVERPOOL GENERAL PRODUCE
MARKET.—JAN. 25.
Tea : The market is steady, and sales to a considerable
extent have taken place out of the recent arrivals at fair
prices. Scented orange pekoes and capers are in request
at full rates.
Coffee : Operations have been almost entirely sus-
pended during the week, and there is no change to re-
mark.
Sugar : Plantation descriptions have only been in par-
tial request until within the last day or two, when rather
more has been doing, the sales consisting of nearly 600 hhds
Barbadoes, at 35s to 38s 6d ; and Demerara, at 32s 3d to
34s ; 3,000 bags East India, including dates, at 35s to
36s 9d ; Madras, at 30s 9d to 33s 6d ; and graining
Bengal, at 38s to 40s 6d ; also 4,250 mats Mauritius (ex
quay) at 34s 6d ; 3,000 bags good brown Pernams have
been taken, to arrive at an outport, at 18s ; 300 bags
and barrels at 19s 6d to 20s ; and 40 cases brown Bahia,
at 164 9d per ewt.—Of molasses no sales ; a parcel of
clayed Cuba offered to-day was bought in.
Rum. The sales are confined to about 150 puncheons
Demerara, without material change.
Rice has met with ready sale at auction, 4,000 bags
and pockets Bengal having found buyers, at 12s to 12s
6d per cwt.
Dyewoods.—The market remains very steady, and
the business embraces 60 tons St. Domingo logwood, at
; some parcels of Lima wood, at 131. to 151. 5s ; 150
tons Sapan wood, atls/. ; and 40 tons Savanilla fustic, at
Si. per ton.
Drysalteries : Argols are looking up; and 200 cases
Perugia and Bologna white sold at 52s 6d to 568 6d ;
85 cases red Florence at 46s to 52s ; and Sicilian at
428 ; red Oporto held for higher rates. Berries are
more inquired for, and small sales, at previous rates.
Madders are steady, and few offering. 200 bales Tur-
key roots taken at steady rates. Several hundred bags
sumac have changed hands, Tyrol at 7s 6d to 7s 9d, and
Palermo at 14s to 15s 3d. Brimstone continues in good
demand, at advanced rates ; about 300 tons sold, chiefly
at 51. 15s to 61. per ton. 1,000 bags saltpetre have
been disposed of at 28s to 29s 6d, 4 to 24 per cent.
viraction ; 100 bales Gambier at 24s ; 200 bags sago
frFur at 22s 6d to 22s 9d ; 40 bales Munjeetat 40s ;
a few chests fine gum arabic, at 57s ' • 65 tons Straits tin,
at Si.; 1,000 bags Myrabolams, at 9s 6d per cwt ; and a
flaw hundred tons nitrate of soda, at the late advanced
price. Of Madras indigo offered last week, 16 chests
sold at 3s 5d to 4s 6d per lb.
Oils—Olive oil being only in limited supply, holders
are firm ; Lisbon brings 651. to 661., and Gallipoli 681.
per tun. Fish oils have been taken to a fair extent, at
previous rates. Tallow continues very quiet, and P. Y. C.
are rather lower.
Jute continues in active demand, and the sales for the
week reach 2,500 bales, at prices varying from 141. 108
up to 181. 15s. 100 bales Manilla hemp are reported at
411. 10s to 421. per ton.

BIILLION.—The next published bank account of bu
lion will show an increase.

.RAILWAY TRAFFIC RETURNS.

GLARGDPir AND SOUTH-WESTERN RAILWAY.—Traffic re-
turn for the week ending Jan. 22, /853 £3,792 11 6
Corresponding week last year 3,521 11 7

Increase in 1853

£270 19

--
CORK AND BANDON RAlLWAY.—Traffic return for the
week ending Jan. 22, 1853 .2150 4 5
Corresponding week last year l5O 12 7

RAILWAY SHARE MARKETS.

Li V ERPOOL, JAN. 25.

STOCK EXCHANGE.—The Share Market has been firm
all day, and closes with an improving tendency. The
following are the latest sales —Caledonian, 323 ; East
Lancashire, 18$ ; Edinburgh and Glasgow, 37i ; Lan-
cashire and Yorkshire, 780 ; ditto, Fifths, 4} dis. ; Leeds
Northern, 151 ; London and North Western, 120 ; ditto,
Fifths, 2 p. ; Manchester, Sheffield, and Lincoln, 30k ;
Midland, ni ; North British, 9 1-16 ; South Eastern and
Dover, 23)1 ; York, Newcastle, and Berwick, 174 ; York
and North Midland, 2? ; Manchester, Sheffield, and Lin-
coln 101 shares, 11; Dutch Rhenish, 2i dis.

(From die Weekly Dispatch.)
Mn. EDITOR,—It is• useless to disguise the part
which the press plays, and must play, in the con-
cerns of the world. Like all other powers, it must
look to be slandered, and its answer to libels must
be its own conduct. It is built upon the right to
make all facts and opinions known, and can only
put down perversions with the clear statement of
truth. It is the public opinion embodied and
expressed in the most wonderful organization of
mind and material means ever yet brought to
bear ; and its final result ought to be, that, by the
comparison of all statements and all reasonings, the
world may become one well-instructed Parliament,
deciding all disputes by the authority of truth and
reason. If it does not eventually become this
great tribunal, it will be because it betrays its
office, and I look to this much-to-be-desired con-
summation, because it is the plainest way of show-
ing its present duties.
Just now the French Moniteur is accusing the
English press of exciting an enmity between the
two nations. It chooses as its examples the
Morning Chronicle, the Times, and the Morning
Advertiser—an odd conjunction in the estimation of
our public. Of course, the injuries complained of
are• attacks upon the Imperial Court and Govern-
ment. The Moniteur affects to quote from the
more important of the English authorities the fol-
lowing words :—" A Senate more cowardly (lathe)
than that of Tiberius has given to the Emperor the
most exorbitant power, and destroyed by a single
blow all the guarantees which remained to the na-
tion. Favourites gorged with honours, functiona-
ries without a conscience, unheard-of exactions and
crimes—such is the Goverment. But chastisement
is preparing ; already Europe is on the alert, and
the year will not pass over without something ter-
rible breaking forth." Now herein is just the mo-
dicum of truth which would make some believe in
the whole assertion. The Times, in a very mis-
placed and gratuitous sentence, did liken the French
Senate to that of Tiberius, not, perhaps to the ad-
vantage of the former. I remember being struck,
in the perusal of the day's paper, with a sense of
'needless provocation. But the sentence given in
the Moniteur is atrociously garbled, and the most
offensive part of it is altogether invented. What
ought to be said of the Moniteur, the official organ
of the French Government, whose leading articles
are supposed to be inspired, if not written by Louis
Napoleon himself, when, in denouncing other
journals for writing that which may lead to disturb
a good understanding, it forges itself a direct pro-
vocative to war ? If Louis Napoleon be really the
author of the passage in question, there is no doubt
whatever that it is his design to plead, at his con-
venience, a threat against the French nation, as a
motive for taking up arms to defend it. Ido not
hesitate to say that the entire sentence, threatening
" chastisement," is an utter fabrication. Ido not
believe that any journal. representing any ap-
preciable portion of public opinion in this
country, has ever tended towards the idea of
arzforeign interference with the affairs of France
—of a foreign sympathy, avenging any do-
mestic party, or any domestic wrong. If there
has been one idea, universally predominant,
strangely fitting itself to the views of all English
factions, it has been that France ought to be left
at the fullest liberty to settle its own Government
at its own will, and that we have nothing to call in
question but its external actions, and the policy.
that may lead to them. The acknowledgment of
the Empire, instantaneous and unreserved as it has
been, was quite as much the act of the entire people
as of the Ministry, a homage paid by our states-
men to the general will rather than any decision of
their own. Any renewal of the madness of 1793
has been most repugnant to the convictions, the
experience, the feelings of every politician through-
out the land, and a falser libel upon British inten-
tions or " desires 'could not be put forth than the no-
tion of chastisement" for the deeds which France
may think proper to act within her own territories.
Such a provocation, and I speak as a jealous
watcher, has certainly never been put forward by
the Times.
If, then, the forgery is the deliberate device of
the Imperial Government, we must look to the
effects to which it directly leads. The Government
may be desirous enough to identify itself with all
France in a common wrong, real or pretendad.
Louis Napoleon has certainly been looked upon
with the greatest distrust by the English press,
and he has been subject to the severest censures,
some necessary and dignified, some petulant and
outrageous - some taking the easy occasion for the
exhibition of much effective rhetoric in the style of
clever young gentlemen discussing, in their orato-
rical class, the assassination of Caesar by Brutus.
Of this latter description would have been the let-
ters of an "Englishman," published in the Times,
had they been written by an Englishman at all ;
and not, as I conjecture, by a refugee, eloquent
beyond the greater number of gifted men, and
burning to identify English resentment with the
wrongs of his own country. But all these have
been launched at Louis Napoleon and his adher-
ents ; in no instance has France been attacked, in
no instance insulted, unless, perhaps, by pity. The
English press has always treated the French nation
as oppressed and grieved, and its last thought would
have been that of avenging that nation's sufferings,
real or supposed, enforced or voluntary, upon itself.
When the result of the last "plebiscite " was made
known, even this ground was given up. France
had either accepted or condoned the deeds of the
2d of December ; and all who were rational among
our. public writers, if they wondered at the deci-
sion, felt bound to bow to it. Thenceforth they ani-
madverted in a totally different strain. They cri-
ticised public acts and schemes, exactly as they
would treat measures propounded by their own
Government according to their value and worth-
lessness, and they mainly considered English in-
terests in the consequences likely to result from
such proceedings. Some journals, of course, con-
tinued a vulgar strain of abuse because their readers
might be excited and amused by it • but such pub-
lications have no more to do with thei formation or
direction of any effectual public opinion, than the
poet who furnishes the tragedies to Richardson's
company, or the gentleman who exhibits
the monuments in Westminster Abbey. If,
then, • the French Government would desire to
impress upon the French nation, that the nation is
the object of threats or of abuse from the English
press, or from the English people, the falsehood
can only be propagated with the intention of stir-
ring up hatred, of identifying the people with the
empire in one common apprehension of the British
power and resentment against it, of securing popu-
larity in France by raising the spirit of war against
England. How base, how murderous, how detes-
table such a course would be, needs no remark to
show ; but unless the Moniteur can disconnect
itself from the French Government, or can tell us
how it has fallen upon quotations which never ex-
isted in the original, this is the stigma which it,
perforce, brings upon its master.
It is still the duty of the English press, and this
article in the Moniteur most emphatically shows it,
while it abstains from comment or uses it with the
most dignified calmness, to give full attention to
facts, and to be keenly alive to their natural re-
sults. There are some indications, which, quite
apart from passion or pre-occupation are tho-
roughly unmistakeable. The confiscation of the
Orleans property was one of these. It struck at
the very basis of right, and the effect throughout
Europe was one of profound reprehension and
alarm. Lately we have had the establishment of a
bank of " credit iciobilier," empowered to raise
eight times its paid-up capital by the emission of
paper, that it may lend upon inconvertible securi-
ties. No experienced merchant's clerk in Loudon
can misinterpret such an act as that. He would,
indeed, be deeply concerned for the honour of his
employer's name, if it should appear as connected
with such a scheme. A Government promoting
such plans may take its choice of being called dupe
or accomplice ; but at once it forfeits confidence,
and thinking men calculate mainly upon what it
will do to avert the consequences which fall forsee
—whether it will endure the storm it shall have
raised at home, or whether it will seek to conjure
it by directing its lightnings abroad. Again, we
have two significant facts which should be taken in
conjunction. France, with no intercourse with
America which is not now well provided for, is
about to devote 600,0001. a-year to promoting
the establishment of a commercial packet fleet,
to steam between Cherbourg and the western con-
tinent. This latter idea is, indeed, questioned, time
only will show if it be true or false. I will hope the
latter. Cherbourg is a war port—a Portsmouth, not a
Southampton ; and Havre and Bordeaux are the
real seats of commerce. Let it be frankly admitted
that France has every right to provide its naval
reserve by the means which are so effective in Eng-
land, the creation or encouragement of a mercantile
navy. Let us believe that France .may be as ap-
prehen'sive for its shores as we justly are for the
perfect security of our own. It is not every step
towards naval efficiency in France that should alarm
us. But herein is, at least, preparation for con-
test. Let us look a little further. Our own budget
tells to all the world what we intend to do. It is
beyond the competence of our Ministry to take
nuns voted for one purpose and apply them to
mother. Till lately the same practice has prevailed
n France. But it is expressly provided in the new
dition of the constitution, that what the Govern-
ment may choose to save upon one item, it may
appropriate to any other. The gross sum is its own,
when once voted. If, therefore, we see a million
sterling devoted to railways, while there is

a nominal diminution in army expenses, there
no security, for France or for us, that