The Sun.
London, England, 1847-03-11 00:00:00

STATE OF TRADE.

MANCHESTER, MARCH 9.—The state of the L. indon
money market, coupled with the failure of n joint-6tock
bank at Newcastle, has had an injurious influen, e upon
business here; and the improvement which bad taken
place during the last fortnight in the demand for pies e
goods, has entirely disappeared since Thursday. Most
descriptions of cloth, and especially 27-inch printers,
have been much n(glected to-day, and prices which
would have been readily paid last week are now scarcely
attainable. In yarn, there has been less business, ex-
cepting in counts suitable for India, which have been in
pretty good demand, and had in some cases commanded
a trifling advance, which, however, is not readily given
to-day. The working of short time continues to extend.
ROCHDALE, MONDAY, MARCH B.—The market to-day
has been extremely dull : not many buyers have at-
, tended, and very few pieces have been sold. Future
prop eta, at present, appear gloomy. NVool has under-
gone no elange since last Monday.
HALIFAX, SATURDAY, MARCH G.—Neither in plain
nor in fancy goods is there any improvement, either as
regards demand or price. The demand for yarn con-
tinues much below the productive power, although there
is a little more doing for shipping ; but no advance in
prices can be obtained. As to long wool, spinners buy
from hand to mouth, with the turn in favour of the
buyer. In short wool, there is a little more activity,
but prices have rather a downward tendency.
HUDDERSFIELD, MARCH 9.—Although we have a
considerable number of buyers attending our market to-
day, there has not been the buoyancy which prevailed
last week. A failure to a considerable amount with one
of our woollen manufacturers, has caused a great de-
pression during the week, and its effect has been felt
during to-day's market.

LEEDS, MARCH 9.—The transactions at our cloth
halls to-day have been very trifling; they form, how-
ever, tio just criterion of the state of our trade, which,
upon the whole, is more satisfactory than for soma time
past, since many of our clothiers are well employed to
order, and on that account bring few goods to the
market. The demand runs chiefly upon low woollens
for the transatlantic trade, and upon Spanish stripk s.—
Manchester Guardian.

SAVINGS' BANKS.
Mr. John Tidd Pratt, the barrister appointed to certify
the rules of savings' banks, has addressed the following -
cir-
cular to the trustees of these institutions :
" London, March 6, 1847.
" My attention having been called to an observation said
to have been made by one of the Barons of the Exchequer,
as to the operation of the Statute of Limitations on deposits
in savings banks, viz., ' that a great many people who
lodge their money in savings' banks would be rather asto-
nished to learn that if they allowed their money to remain
for six years in the hands of their banker, without receiving
any portion of their money, they were barred by the Statute
of Limitations, and could not recover it ; I am quite mire
that if such an observation were made, his Lordship could
not have been aware of the provision contained in the Sa-
vings' Bank Act (9 Geo. IV., c. 92, s. 17), which expressly
prevents the operation of that statute, by enacting, 4 that it
shall be lawful for the managers and trustees of any savings'
bank, if they shall so think fit, to direct that all interest
which shall become due and payable to each depositor on
any sum of money. deposited in such savings' bank, ;hall
yearly, or twice in each and every year, be calculated
and computed by the trustees, and shall be carried to
the credit of the person depositing the said sum of money, '
and shall become principal, and shall thenceforth carry inte-
rest in all respects as other principal money deposited in the
said bank ; or, as if the said sum of interest so calculated
paid to the said depositor, Red by him re-
had law, statute, or usage, notwith-
paidatcotuthalelyobiedTrust„ei,
standing ;' and as the rules of every savings' bank provide
for the computation of interest., yearly or halt-yearly. in
Icompliance with the above enactment, it is quite clear that,
ai the interest SO added is declared to carry interes. in all re-
spects as if the same bad actually been p,:id t. the (ItiltAitor,
and by him repaid to the trwteee, the SlitWe of Limitations
cannot apply to depositors in a savings' bank."