The Sun.
London, England, 1848-05-17 00:00:00

AMERICAN NEWS.

ARRIVAL OF THE ACADIA.
LIVERPOOL, TUESDAY EVENING.
The Royal Mail Steamer Acadia, Captain Stone,
arrived in the Mersey this evening from Boston and
Halifax, with the usual mails and fifty passengers.
She had about 50,0001. specie on freight. The
America arrived at New York on the 29th, having
made the voyage in thirteen_ and a-half days. Her
arrival, says a New York paper, relieved very deep
anxieties which prevailed here relative to the proba-
ble issue of the gnat Chartist demonstration ot 10th
April, of the preparations for which we had advices
by the preceding steamer.
So great was the apprehension felt lest some dis-
turbance:And Contusion should ensue from the de-
monstration, that fur some days before the arrival of
the America, little or no business was attempted,
either in shipments to England or in the sale ot bills
of exchange.
The entire dissipation of these fears, consequent
upon the Arnerica'a news, was most satisfactory, and
-business will resume its wonted course, in so far at

leaf ns the low prices on the other side may prompt
to make shipments.

The condition of our affairs with3Mexico remains
unchanged. Our commissioners, with the ratified
treaty, nave reached, one of them the city of Mexico,
and the other Vera Cruz. They are understood to
be instructed to bring their mission to a close peremp-
torily by the Ist of June; so that Mexican diplomacy
will not be permitted to waste time by interposing
delays. Opinions differ as to the probability of a
ratification by the Congress of Queretaro. We adhere
to the belief that the treaty will be ratified, because
there seems no choice open to Mexico other than
ratification or extinction.
In other questions all remains in statu quo.
Bills on London are held at 111 for 60 days drafts.
For the Continent no bill: are offering. Money with
us is easy, and the banks strong; and notwithstand-
ing the export of ,specie from this port, which, from
the Ist January to the 29th April, amounted to within
a fraction of four million dollars, and which will be
increased by the sum that the Acadia will carry out,
estimated at about 250,000 dollars, the banks feel
little concern, for their vaults are replenished steadily
by coin flowing in from ',the interior, the country
being well supplied with
The intelligence of some- increase demand in
London for stocks has not caused any perceptible
rise here, and as in the course of six or seven weeks
an addition of sixteen millions U. S. Sixes is to be
thrown upon the market—the new Government loan
for which bids are invited to Saturday, 27th June—
it does not seem propable that any considerable rise
can occur here, unless a large and sudden demand

'rom Europe should 3pring up for these stocks.
COTTON MARKET.—Planters seem to be holding back
at last in consequence of really low prices. The receipts
gain upon last year of course, but fall off compared with
1846 and 1845. 'This falling off, however, ie fully ac-
counted for by the tenacity with which the unusually
large stocks in the interior markets of Carolina and
Georgia are held. .New Orleans had already passed the
million, and Mobile 400,000 bales, which were the limits
of so many estimates of this crop.
The extreme depression of prices is becoming a serious
matter, and we should hope would be some check to the
extent of future receipts. We would say to the planters,
hold judiciously, sell sparingly, beware of shipping
your crops—upwards of 400,000 bales of cotton have
been cleared for England within the last eight weeks;
while, at most, only 160,000 of them can be marketed in
the present state of Europe—if you are accessory to
s 400,000 more receiving the same direction in the next
A•' eight weeks, you will but cut your own throats, by es-
e tablishing 3d., or some such miserable rate, as the cur-
e rent price ior middling cotton at Liverpool. Europe
must be allowed time to settle. How can European
:t workmen weave constitutions and spin cotton at the
same time? Perhaps the cutest kind of Yankees could;
but the great Cobden hiaself might have broke down in
combining the publishing of free trade with the printing
of calico, but tor the " testimonial" contributed by his
friends.
Last week, half New York almost worked itself intl.,
the expectation of a Chartist revolution in England,
and serious injury would have been done in the mercan-
tile, or more especially, the cotton community, if the
American steamer had made a long pass.age. A 3 it
COttoll to Liverpool. Southern drafts
.against cheap
was, advances were not obtainable on consignments of
pwtainthce. ;
Englanderelcredits
were can-
celled by
cotton • werfee was almost
dead stand, and middling cotton fell to
to 6i cents, or even lower in some
s r•
pti Joy, the,6l America arrived
egraph refused;
t
d
a•
d dissipated the alarm. It WAS thought,°
tranee
smbrio;uns.sgionh
on Saturday
at first, that cotton would rally at one quarter per cent.
per lb., but this now seems less probable, as our shippers
find that their sales are in so many instances materially
lower than the printed Liverpool
are shy of resuming quotations, that they
their
as yet quite small and
•
ir adventures, and the•iales are
generally at at a rally of only
about ene-eighth per cent.
CORN MA

RKET.—Since my circular, per steamer Hi-
bernia, the Flour market has been in a quiet state, with
a moderate home demand, and a light stock—prices
ranging from 6 dolls. to 6 dolls. 12ic. for the common
brands of Western and Genessee, to 6 dolls. 25c. to
dolls. 374 c. for the better kinds. Baltimore, George-
town, Alexandria, &c., bringing 6 dolls. 12ic. to 6 dolls.
25c. Rye Flour sells slowly at 3 dolls. 50c. to 3 dolls.
62ic. Indian Meal has declined to 2 dolls. 3; is for
Jersey. The Erie Canal was opened yesterday, and
next week we shall be receiving supplies of fresh Flour;
but all accounts represent the quantity as light to be en-
pected early.

Respectfully yours,
EDWARD BILL, Produce Broker.

ANOTHER COLLIERY Exmosion.—An explosion
took place en Monday morning in Mr. Russelrs colliery
at Rises. Two persons have been taken out dead, and
it is supposed that 16 or 18 more are seriously injured.
it has caused great excitement here, being the third or
fourth explosion in this colliery within the lost four or
five years.

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