The Sun.
London, England, 1851-01-02 00:00:00

In Yorkshire, that great arena of manufacture, as Os)
in other districts, general activity prevailed, but amidst
this en outcry continued from period to period, that
Wool was above its relative value, that manufacturers

•
could obtain no remuneration, that they must either
close their mills or work short time; yet around till;
scene of what might be supposed blank desFair, new
mills were erected, teveral extended, and others still in

progress of llrge dimensions, so that the curious have
not to the present time been enabled to reconcile the
appearances with the complaints; it certaialy is an in•
tricate problem to solve. Remarks have been prevalent
that importers are the parties who are the chief partici-
pators in the advantages obtained, it cannot be denied
that they have not been remunerated, but by no means
to the extent presumed; they have regularly met the
market on arrival, and nut held for advancing prices.

When it is considered that the means of transit are so

frequent and expeditious, and the markets abroad sus-
tube an iturediate proportionate advance, the importers
may be said to have a mere t(mporary opportunity of
gaining to ':rty great extent. A glance at the consump-
tion is necessary, because it is almost universally known
that there never was so much of the raw material worked
up in any previous twtiv,.., months, stocks were.cleared
and purchases made to arrive for large parcels, the em-
poriums of the kingdom or reduced to a nonentity for
a supply, importations and home growth productions
seem to be inadequate to meet the inert wing require-
ments of the anizao, therefore, we deem it urgent to re-

commend farmers and agriculturists to pay acme atten-
tion to this essential article of consumption. General
observation has shown to us flat our hcme trade for
manufactures has been good and much increased, bat on
refer ring to the exports we find that more, by nearly
one-half, was taken from our shores for foreign account
last year, than the previous 3 ear, which was one-third
of an increase en 1848; with such an augmentation of
demand from abroad, the most sceptical must be con-
vinced that the rice in value is not of a superficial nature,
but foureli d on the actual scarcity of the raw material.
The imports to this u.teaket for the year number 79,959
bales, against 81,251 hales in 1849, showing a falling
off of 1,292 hetes. Stocks on hand are exceedingly low;
with such a deficiency in the market, considerable im-
ports are watited to meet the still increasing consump-
tion; present quotations will be no doubt fully supported,
and aneeeoein ere long, and unless timely arrivals inter-
fere, the value will become beyond all latitude. The
A moil an President's lust Message', sad the undisturbed
quietude ot the European powers, induce the belief that
pacific feelings will be mteiniained, and that the onward
course of truck will continue uninterrupted.
The Mai,cheeter Piece,Goods Musket is thus described
by Mr. G. F. i'slandley
" At the close of the year I have the pleasure of re-
porting the very favourable position of this market,
which so far, perhop,, as respects the employers and
their operatives engaged in the great staple productions
of this di,ti ter, is more eatiJsctory thanat any former pe-
riod since the revulsion commenced iu the latter end of
1845. Doubtless the year just closed would have been
a period of prosperity but for the comparative scarcity
and high price of the saw material. The action of the
Factory Law has been very beneficial under the circum-
stances. It has tended to distribute employment, sad
has kept in check violant and sudden advances in the
price of Cotton. The rise in the value of Yarns and
goods has been graduated, and during the yeas. there
has been rarely any undue pressure of st ck or forced
sales. S striding now on the verge of the new year, we
find stocks of almost all descriptions of fabrics bare,
demand fens rally active, and prices, notwithstanding the
high rates of Cotter!, such as will afford an encouraging
margin :o the producers of almost all kinds of our chief
staples, anti mere especially of-yarns. Fortai,comparison
of prices we mast revert to the prosperous year qr 1845 e
when the low prices of food arising from tsbundant har-
vests let free a largo amount( of, capital, at low'crates of
interest, for reproductive empleyment. At that
period the prices of our 'chief' products very 'closely
approximated to those now current, and our fac-
tories, print and dyeworks, bleach crofts,. &0.,
were vigourously euiployed during long hour's
and with the advantage of much lower prices
for Cotton, Dyestuffs, &c., than rule at present. I air
pond a ccrnporativc table, showing prices at the period
in 1845, just antecedent to the revulsion produced by
the failure of the harvest of that year ; the current
rates at the lowest period of 1848, consequent on the
failure of the root and cereal crops, the rebellion, born
out of famine, and the commercial bankruptcies ; to-
gether with the prices ruling at the close of last year and
the present. F, ern the foregoing it will be observed,
"Oat 'the Margin between the,ceSt 'of 'the raw material
'and ifie t slue of ihe reisMilfactureel. article; left $
'greater return for profit to theetsreiducerin 1845,ahan is
'now afforded by the like estimate: Stank is believed
- that spinners and manufacturer's .have good reason to be
-content, as the economy of production ;Ma been much
•imp-reved in the interval, and at; present rates, their in'
„dusts.), and enterprise have,an ea"cauraging reward.. Coa-
`eaidering that ti e stocks of Yarne and *nods are' more
bare than for many years past; that the4upply of Cotton
from all quarters is scarcely likely to be' equal to OW
wants of the corning year, and that the general condition
and prospects el trade are eminently encouraging, 1t
appears to be very probable, that a large business Will
be done in this market during the corning year, at price;
even still higher than those now ruling here."
The accounts received this morning by the steamer
Arctic from New York, represent the rate of exchange
on London as being high, viz., not, and 2,000,000
dollars had been received from California. Further tic'
counts were coming forward.
The mails from the continent are behind time, owing
to the boisterous weather last night.
The English Funds have been very firm, -and there
have been fair dealings. Consols fer Account realise 96}.
The New 1 hree- and-A-Quarter per Cents. are 968 t, so.
Three per Cents. 97* to Bank Stock is firm 0"
213 IT, and India Steck at 267 k. Exchequer-bills bans
been 675., mi, India Bonds 764. premium.
Foreign Securities have been quit t resin. Spanish
Three per Cents. are 38t- to ex dividend. Venezuela
Bonds are 311. Mexican Stock is worth 351 and
Grenada Deferred Bonds are 3i. Dutch Two-and-r
Half per Cents. have been 578 to 58.
Emile ay Shares have rather improved in value, bat
there is not much doing.
The last week's railway receipts ascertained up to ibis
day are in round figures as under:-
1850. 1849.
Great-Western £14,844 ..
95,87 ... .£12.9578, ~
North-Western 41,553 ... 37,18°
South-Western 561
Bright®n
Midland ..... 23,808 ... 28,92"
South-Eastern
North Stafford
Caledonian 6,469 ... 5,994
QUARTER TO THREE.

Consols ...
Ditto Account

••• ""'".

... 961

ONE
rRICES OF BRITESII FUNDi O'CLOCK.
Bank Stcck ...,.. 213 34
3 per Cant, Reduced A n's. ... 97434
Sew 334 per Cent. Anus. ... . "%MA
f :cng Anus. to expire Jan.lB6o ......
India Stc-ck
India Bonds, 1,0001.;.„....... —
Ditto or:du 1,0004 „..... .......
Consols for Account 96%V/4
Exchequer Bills. 134 d. ta 2d
1 .oooi. June 6O p
Small, June 57 60 p

cr.osP
PRIGS'2I3/
97
98
714
2674

so P
60 P
cLostiN6
116

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
Grenada Bonds, 1% per Cent
Ditto Deferred
M :can, 5 per Cent. 1846, with Couponb—
Ditto, Ex Jan. Coupons ....
Ditto, Account .... ..... 35%14
Pe -uvian 13:nids. 41A per Cent......
Ditto, Deferred
S ash 5 Ccnt. 1840

an. per _
Ditto Account .
Ditto. 3 per Cent
Venezuela Bonds, 2 per Cent
Ditto Deferred

-17:4
38% eic
IMB ~cl.
3
114

1.1911d8 on the above payable in a.endon
Dutch 214 per Cent., 12 Guild. ... 58 577 i 57%
Ditt.). 4 pot Cent. Certifleatee... 91 90% 90 yo

LLOYD'S SHIPPIN G.—( THIS DAY.)
LONDON, JAN. 2.—lt blew a tremendous gale all 100
night, accompanied with terrific squalls. Wind at nOOl
S., fresh gale, and cloudy.—The George and Richard
brig, of London, was lost on a tongue of sand neat
Monte Video; crew saved.
HOLYHEAD, JAN. I.—The Shannon schooner, 61
Gillies to Liverpool, has been totally wrecked on the
rocks at lihuselyn (?) during a thick fog last night; one
boy drowned.
KINGSTOWN, DEC. 31.—Arrd. Fairy Queen, Calcutta'
ST. ANDREW'S, NEW BRUNSWICK., DEt7. 10.-01
El Dorado, of this port, bound to Liverpool, got agrout!,
6th inst., came off on the flood, and filled; is dischargie%
her between-deck cargo.
QUEENSTOWN, DEC. 31.—Wind S.S.W., bloviio.g
strong.—Atre. Duc de Brabant, Welde, Callao; Tnett.'
Gregory, ditto; Lebra, Moir, ditto. A vessel with insall:
roast gone, timber laden, waterlogged, and abandoned'
was seen 25th December.
PORTSMOUTH, JAN. I.—Wind W.S.W. to S./414
blowing hard.— Off port, John Knox, Sydney, N. S. "
LIVERPOOL. JAN. I.—Wind S. to W.S.W.—Arrd.
tor, Harper, Callao; Jemima, Johns, Calcutta, left rc'
Helena 201 h November ; Schoodiac, Nichols, SavatinaPf
experienced fine weather; Arctic steamer, New York.
MARGATE, JAN. I.—The Speedy schooner of Gaeta'
sey is on the Book of Margate Sand.

MARKET NEWS.—(THIS DAY.)
NY.117111,8T13 AND LEADEN/1A.1.0
With the exception of Mutton being in steady request
at full prices, the general demand ruled very inactive:
Beef, from 2s 4d to 3s 4d ; Mutton, 2s Sd to 3s 10d ,
Veal, 3e Od to 4s Od; Pork, 2s 6d to 4s per Sibs, by the
carcase.

HAY IMILMILLTB.
SNITITFIFEC.—Meadow Hay, 2/ lOs to 4103; Clover,'
31 Os to 41 2s ; and Straw, 11 Is to 11 Ss per loath
Trade s 1 ady, at full prices.
CusinLitt.A.rin. Meadow Hay, 21 lOs to 4/ 03,$
Clover, 3/ Os to 4/ Os; and Straw, 1/ 2s to 119 s per Joao.
A full average supply, and a steady demand.
WHITECIIAPEE. Meadow Hay, 21 81 to 31 1,85,$
Clover, 3/ Os to 41 Os; and Straw, I/ Is to 11$s per lea,
Supply moderately good, and trade dull.
MEAT MARIMILIi.
HAILSHAM, JAN. I.—A very limited supply of stock
was on offer to day, and which sold as follows:—Bee:
from 3s to ; Mutton, 3s 6LI to 4s 6d; Pork, 33 to o
6d per Blhs.
ARUNDEL, DEC. 31.—Prime Beasts and Sheep sold set
full prices ; otherwise, the demand ruled heavy. ne''
from 3s to 4s; Mutton, 3s 4d to 4s 6d; Pork, 3s 2d to 35
63 per Slb3.
CIIICIIESTER, JAN. I.—We had a slow trade to (10'
yet late rates were well supported. Beef, from 35 to 45