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

672
714

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
llalifax, 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 great Chartist demonstration of 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 confusion should ensue from the de-
monstration, that for some days before the arrival of
the America, little or no business was attempted,
either in shipments to England or in the sale of bilis
of exchange.
The entire dissipation of these fears, consequent
upon the America's news, was most satisfactory, and
business will resume its wonted course, in so far at
least as the low prices on the other side may prompt
to make shipments.
The condition of our affairs with Mexico remains
unchanged. Our commissioners, with the ratified
treaty, have 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 bills 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 it.
The intelligence of some increased 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
can occur does not seem propable
large
any considerable rise
here, unless a earnd these sudden
stock
dsdtencds.
at lase mend
from Europe should spring up fo
last
Nt
in consequence of reall MARY.ET.-- Slseem to be holding back
Thehp
compared
red receiptsw twith
gain upon last year of course,Ycirhipaoficoeffs.
1846 and 1845. This falling
s ufnuul fully
a el
counted for by the tenacity vvith whicehver'
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 :time check to the
extent of future receipts. We would say to tho 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
400,000 more receiving the same direction in the next
eight weeks, you will but cut your own throats, by es-
tablishing 3d., or some such miserable rate, as the cur-
rent price for middling cotton at Liverpool. Europe
must be allowed time to settle. Bow can European
workmen weave constitutions and spin cotton at the
same time? Perhaps the cutest kind of Yankees could;
but the great Cobden himself might have broke down in
combining the publishing of free trade with the printing
of calico, but for the " testimonial" contributed by his
friends.
Last week, half New York almost worked itself into
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 lung passage. As it
was, advances were not obtainable on consignments of
cotton to Liverpool. Southern drafts against cheap
cotton were retused acceptance; credits were can-
celled by telegraph; trade with England was almost
brought to a dead stand, and middling cotton fell to
si, and fair to 61 to 6i cents, or even lower in some
cases. Happily, the America arrived on Saturday
morning, and dissipated the alarm. It was thought,
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 quotations, that they
are thy of resuming their adventures, and the sales are
as yet quite small and generally at at a rally of only
about ene-eighth per cent.
Coax MARKET.—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 dulls. 121 c. for the common
brands of Western and Genessee, to 6 dolls. 25c. to 6
dolls. 37ic. for tho better kinds. Baltimore, George-
town, Alexandria, &c., bringing 6 dolls. 121 c. to 6 dolls.
25c. Rye Flour sells slowly at 3 dolls. 50c. to 3 dolls.
624 c. Indian Meal has declined to 2 dolls. 37 4c 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 ex-
pected early.
Respectfully yours,
EDWARD BILL, Produce Broker.

TO THE SECRETARY OF THE
BRADFORD REFORM ASSOCIATION.
Sir,—On Monday the 15th the House went into
Committee on the Navigation-laws. The President
of the Board of Trade announced the proposals of the
Government ; which were, to leave as they are the
parts relating to the Coasting Trade and Fisheries,
and the manning of British vessels, but remove the
restrictions on the purchase and employment of
foreign-built ships, and the conveyance of goods to
and from foreign countries, both here, and in the
colonies at their option.
A country which has put down the monopoly of
the landowners, is not likely to tolerate the monopoly
of the shipowners ; and therefore the Navigation-laws
may be considered as doomed. A. truth once found
out, is lost no more ; and nothing can sweep the
existing generation of the knowledge, that all mono-
polies are to enable somebody to sell dearer, and that
the amount of any difference of price thus accom-
plished, falls on the community in the shape of a
stupid loss, such as would arise from blunting the
edge of razors that more barbers might be employed
in shaving.
The thing of importance to know and spread the
knowledge of, is that it is you at Bradford who are
to pay for being shaved with the blunt razor, and that
this is all that comes of it. If there were a halfpenny-
worth of good to arise to the working classes or any-
body else in the aggregate, you might bear the ope-
ration patiently. But is there any need to tell you,
that if you pay for more barbers, you pay for fewer
of somebody else ; that consequently to call
it encouraging the working classes, is a
blunder or a fraud; that the working classes
are far too well informed to give into the fraud
without being paid for it, and therefore none but
those who stand in the position of the barbers, open
their lips in behalf of it; arid that on the whole, it is
fast growing into a stale device, which people will be
laughed at who start in sane men's company.
But, for all that, you had better stir in your own
business when you can. The opponents, though
oauntdnounmmay
beornedd,are wonderfully tenacious of their plan;
two divisions, of 62 against their 28,
and 63 against 26, were not sufficient to drive them
from their post of obstruction.
On Tuesday Mr. Horsman moved for an inquiry
into the state of the Cathedrals and Collegiate
Churches. These are a peculiarly sore part of the
ecclesiastical establishment, and the sooner anything
can be done to render them more conducive to the
services of the Church and the spiritual instruction of
the people, the better.
Mr. Urquhart called the attention of the House to
the relations of this country with Russia. In his war
with Lord Palmerston's diplomacy, he found time to
diverge to the correspondence in Spain. There has
been much useless talk on this last subject. Everybody
likes intervention, when they like the object; and the
contrary. It is difficult to prove, that the British
Minister's advice to Spain was not the soundest and
wisest it was possible to give. It wouldbethadvice
interest-
ing
e
to know what would have been said, if
though had been the contrary way. Surely,
debt Minis-
terso t
ofmy
may
tudael always
sg
satisfy
mi
n teverybody,these
la
tttheerr eis a
when the road times,was
for having chosen the better part
op
obedient servant,
oppenosittootohoeumrset.o have done so much mischief by an
Tiro N E
THOMPSON.
I am, Sir,?.opuEr, very
Blackheath, London, May 17, 1848.

PARLIAMENTARY BUSINESS.
(From the Votes and Proceedings of the Rouse of Commons.)
TUESDAY, MAY 16.
STANDING ORDERS COMMITTEE.
The following Resolutions were reported from the above
Committee:-
1. That in the case of the Manchester, Sheffield, and
Lincolnshire Railway (Humber Ferries Improvement at
Hull and New Holland, Ste.) petition for additional Pro-
vision, the standing orders
if ought to be dispensed with:—
That the parties be permitted to introduce such addi-
tional Provision, the Committee on the Bill shall
think fit.
2. That in the case of the Flulme and Eccles Road
petition, for extending the time for reading the Bill a
second time, the standing orders ought to be dispensed
with:—That the parties be permitted to read their 8111
a second time on Monday, the 22d instant.—Resolutions
*greed to.