The Sun.
London, England, 1848-01-13 00:00:00

STATE OF TRADE.

MANCHESTER.—The flatness which prevailed in the
market at the close of the last week still continues,
and the amount of business done today was very
limited. There is still a demand for cloth suitable for
the Levant, and some inquiry foryrinting cloth, both
27-inch and 40-inch, but in other fabrics very little
business has been done. There have, indeed, been
rather extensive inquiries for skirtings and other
goods for shipment to India and one or two other
important markets, but the disinclination, and per-
haps, in some cases, the inability, to afford the usual
terms of credit with the present restriction of banking
accommodation, have prevented any transactions of
magnitude ; and, until there is some revival of con-
fidence, the business must necessarily be very limited.
In the yarn market there has been exceedingly little
business done, and prices again show a tendency to
decline. On the whole, there is very little encourage-
ment to spinners and manufacturers to extend pro-
duction. Indeed, without some change in the aspect of
the market, it is to be feared that the hours of labour
must be again reduced. We hoar from various quar-
ters that reductions of wages are quietly taking place,
the workpeople seeing the utter inutility of struggling
to resist them at a time when, even at the reduced
rates proposed, ' their employers are losing money by
everything they produce. From the official return,
prepared under; the direction of Captain Willis,
showing the state of employment of the who% of
the operative classes, within the borough of Man-
chester, who are employed in the various descrip-
tions of mills and works specified, made up to yes-
terday, we find, on comparison with the return for
the previous week, that there are seven more cotton
mills working full time, with a full complement of
hands; four less working full time, with a portion
only of the hands employed ; two more are working
short time, and five fewer are wholly stopped. There
are 1,457 more employed full time, and 102 more
employed on short time, who were previously wholly
out of employment. Of the total works, fourteen
more are now working full time, with a full com-
plement of hands; one fewer is working full time,
with a portion only of the hands employed; one
more is working short time, and fourteen fewer are
wholly stopped. There are altogether 1,904 more
operatives working full time, and 1,047 more work-
ing short time, who were previously out of employ-
ment. Altogether, the return evidences a most
decided improvement in the condition of the working
classes of this city.
WARRINGTON.—The Cockhedge Factory, which is
in the hands of Messrs. Hadfield and Frost, com-
menced working on Monday morning last ; all the
rest remain idle at present.
ROCHDALE.—There was a good attendance of
buyers present, and a decided improvement in the
demand for flannels. More goods were sold than on
any previous Monday for some time back. The late
failure of Mr. Jesse Barns, of Milnrow, continues
to be the general topic of conversation amongst mer-
cantile men. Every woolstapler in Rochdale is said
to be a creditor, either to a greater or less amount.
'The bankrupt has absconded, and the numerous bills
afloat, accepted by him, will press hard upon the
improvement
n
although there
drawers. There was some slight improvement in the
wool market, but not much change in prices.
I it
the s Ltirs .ade
ax.—ofWe
our cannot Piece
Ha
yetl
In;o
for,t
e any
were more buyers in the market to-day, and more
pieces changed hands, et they were principally
fancy goods of last year's patterns, sold in job lots,
at prices much below what they could be replaced
for. Another failure has been announced to-day, but
it is understood that the liabilities are not to any large
amount.

BLACILBURN.—On Friday last notices were posted
in all the mills, of the town apprising the hands that
their wages would be reduced (generally 10 per
cent.) at the expiration of a month after date. In a
few instances the reduction will be 10 percent. on the
spinners' and weavers' wages, and 7i per cent. on the
wages of the cardroom hands; but in the majority of
instances it will be uniform. Sir William Fielden
Sons' mill started on Monday last, after a ces-
sa.tion of about three months.—Manchester Guardian.

MONEY-MARKET and CITY NEWS.
CITY, WEDNESDAY EVENING.

The creditors of Durand and Miliemie, Ameri-
can merchants, who failed on the 31st of De-
apirther, ;aeld a meeting, this *Tom, Mr. Tupker
01-4,3% Ti*FtgAr Bake and --co_ in he —hair
when the annexed statement respecting- tne position
of the insolvent house, was submitted by Messrs.
Torrington and Ladbury, the accountants appointed
to investigate the estate :

DEBTORS.
To creditors uusecurod, as X. s. d £. s. d.
• 29,338 6 3
To creditors lt.
is
holding security 13,859 8 3

Less,
Estimated value of securities
hold by them
To liability on bills receive-
able discounted, amounting
to 13,3411. 25., of which it
i„ ;opposed 1,0001. will be
dishGnoured and returned
to the Union Banking
Company, who hold funds
to cover the amount as
per contra •••

... 13,280 5 2 579 3 1

CREDITORS.
X. 5. d.

By produce on hand .........
By Book
d debts, good .........
By ditto,doubtful and bad
estimated at ... .............
Bycash in hand ...............
By bills of exchange on hand,
By ditto, doubtful and bad... 2 051 19 8
By g:c:a:sn3l:9lat. doubtful
.......................... 1,021 11 6
Less, bill of .................. 1,000 0 0

which will not be paid when
due, but supposed will
realise
By cash at the Bank of Eng-
land ........................... 163 18 11
(which will be retained by
them in reduction of their
claim).
By counting-house furniture
and fixtures
By life policies held to secure
a debt, worth
By. Angus 31‘Kenzie's private
property, household furni-
ture .................. .
10 shares in Union. Bank 102 10 0

Leos Bent, salaries, taxes, 840

MAGAZINES, &c.—(CONT,INIJET )).

THE DUBLIN UNIVERSITY.
We had occasion to notice in laudatory ter ma, the
able manner in which this excellent periodir,tai con-
cluded the past year. It commences the new one
with equal ability, and the present number effort Is a
favourable augury of what its readers may hope f er in
the forthcoming volume. The first article is are view
of a work well worthy of so high a complime at—
" Madden's Revelations of Ireland." The reviewer
enters con amore into the feelings of the tales ited
author, and several spirited extracts are given fi !oin
the volume. " The Irish Bar" necessarily, corn( :gin
for an abundant share of notice—who, indeed, c(
attempt to depict the manners, the incidents of the
sister kingdom in the beginning of the present (iota-
tury, and overlook the many remarkable persons
belonging to that distinguished holy—a body sti 11
deserving of the high consideration which was no
universally accorded to it in bygone days. " Keller"
" Grady" (author of " The Nosegay"), " Pleasant
Ned Lysaght," "Unfortunate Norcott," " Peter
Burrowes," and Frank M'Carthy, whose ready
wit and convivial powers rendered hien tso
much sought for, and afforded so high e, pro-
mise of future distinction, a promise which was not
realised owing to his untimely and lament' td death,
are the parties referred to in the present P' apex; and
the very names will be sufficient to in? Aicate how
great a treat is served up to the reade We had
almost omitted the greatest name of all, "O'Connell,"
. is
but we regret to say that full justice not done to
the " Irish Liberator." Neither is tlae Church
:for-
gotten. Dean Kirwan, the celeb rated pulpit orator
of the Established Church, and r,,ia surviving relative,
Dr. Kirwan, the Roman Catholic President of the
Galway College, are both. introduced to the reader.
We cannot refrain from 'transcribing a short anecdote
of the now extinct Popery laws :—" The Macmahon
estates in the ce,unt of Clare, now held by Mr.
Co ppinger, of Barry's Court, were once in great
jeopardy—as the Macmahons had reason to fear a
discoverer. A very spirited, though ancier,t, spinster,
a Miss. Macmahon, resolved to extricates her family
by becoming a Protestant. Before doing so, she
consulted a friar upon the proprie',l--- of her inten-
aons. He very frankly told her, 'let if, for the sake
of lucre, she changed her treed, she would
peril her soul. " Here 'goes then,' she cried,
'better at any time that the soul of an
old maid should go to the devil, than the property of
the Macmahons of Clare should go to the Protestants.'
She conformed, and saved the property." And these
were the good old times, and such were the restric-
tions imposed on the liberty of conscience, the
penalties to which those who worshipped their Creator
in the manner which they conceived most fitting were
subjected, when the Atheist was tolerated, but the
Roman Catholic persecuted with the most stringent
enactments. " Gunhild, or the Phantom Ship," a
very beautiful translation from the Danish, by Edward
Kenealy, follows. Indeed the number is unusually
rich in poetical contributions, for we have, in addition
to that to which we have just alluded, the fourth
number of " Lays of Many Lands," in which Man-
gan maintains his well-established reputation ; and
" The Voyage of St. Brendan," in which one of the
legends of that saint is narrated in a very agreeable
manner. " The Fatal Bride," a second contribution
from the reminiscences of a Bachelor, although it
merely relates to natural events, and has not
the wild and supernatural interest which the
former paper possessed, is a touching narrative
of earthly passion, and of the fatal results that
too often attend a departure from principle. " The
Apothecary's Wife," the first part of a Russian story,
by Count Sallagur, is also very] pleasingly written,
and well 'worthy of perusal. " New Books on Rome"
conduets us to the Eternal City, under the auspices
of a Protestaut clergyman and a Benedictine monk,
and the lights and shadows of Roman life, as depicted
by the Rev. Mr. Vicary and Don Jeremy Savano-
zala, our own highly-prized and well-beloved Father
Prout. There is a good dissertation on the seventh
and concluding volume of Southey's last work, "The
Doctor." On opening the 67th Number of " Our
Portrait Gallery," we are startled by a speaking
likeness of the independent, the honest, the talented,
and the unpurchaseable Robert Holmes. No one
who had ever seen that intellectual countenance
could for a moment be mistaken, although
the fac-simile of his autograph had not been at-
tached to the pinto ; and we are bound to say that as fair
and impartial a memoir of the distinguished subject is
attached, notwithstanding the wide line of deinarca-
tion that exists between the political principles advo-
cated in the pages of the Dublin University Magazine
and those which have been so consistently maintained
for, the greater portion of a centiuß. that learned
depicted in the engraving than are his mental qualities
in the letter-press accompaniment. There is no Irish-
man, of any class or creed, whether he is so fortunate
as to have the honour of Mr. Holmes's acquaintance
or has merely heard or read of some of the incidents
of his honoured and eventful career, who will not
heartily join in the aspiration of the writer, and de-
sire " that there may be repeated opportunities of
drinking to the health of Father Holmes of the
North-East Bar." The political article, which con-
cludes the number, touches on many topics of deep
and stirring interest in the present criticat posi-
tion of Ireland. A paper relating to such ques-
tions as the tenant-right, repeal, the poor-
laws, and the dangers and duties of the
Conservative party, and landed interest in Ireland, from
1• so influential a quarter must excite considerable
attention. Although we do not agree with the writer
in many of his conclusions, we cannot deny him the
credit to which he is entitled for the zeal and ability
with which he has put forward his views on these
momentous questions. We heartily wish our Con-
temporary a long continuance of that success which
the energy and talent with which it is conducted so
richly deserves.