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

T U IiKE Y.

Constantinople journals of the 14th ult. have ar-
rived. They announce that aner Pacha was every
where victorious over the Bosnia insurgents.
The Osservatore Dalmato quotes letters from
Vergoras of the 13th, stating that a week before the
- insurgents of Mostar attacked liustan Bey, the son
of Ali Pacha, who still defends the citadel within
the town, called Saraj, armed with twelve guns.
It adds that the assailants were repulsed with
loss. The chiefs of the insurrection are three rich
Turks, named Passa Bey, Agmnirovic, and Cis-
sisic. Ali Bay had marched from Vizina to meet
the troops of the Sultan, and prepared everywhere
for their accommodation ; but having reached the
fort of Gliubuski, which is in the hands of the insur-
gents, he could proceed no further. It appears from
the latest accounts that the insurgents of Mostar have
sent a deputation to the Seraskier, proposing the
recal of the old Vizir of Herszgovine. The new
Vizir of B Alija having sent his secretary to
Mostar, in order to inquire whether he might
pass through that town on his way to Bosnia
with a suite of only sixty persons, the in-
surgents refused, unless he was furnished with full
powers to treat with them, and to remove their
grievances, in which case they promised not only to
receive him well, but to obey him also. The resolu-
tion of the Vizir was not known, but it is certain
thin he has proceeded to Buns, to confer with Ali
Pacha. The corps of Kayas Paella has disbanded;
it is not known whether he has been killed, or has
succeeded in m eking his escape. Eleven of his men
have been sent as prisoners to S..srrajevo, where the
Seraskier is daily expected.

STATE OF TRADE.
(From the Manchester Guardian)
MANCHESTER, TUESDAY.—Through a combination
of causes, the previous liveliness of our market has
given place, since Thnr3d.ty, to a geral quietness,
which has been particularly marked to-day. The
extensive transactions of the last fortnight leaving the
market bare of yarns and pods at large, would na-
turally be followed by a ditninuthn of activity. And
the advance in the rate of interest must, of course,

check operations for distant markets, based upon
long-dated bills. Practically th 3 rise is one per cent.;
and as this hikes away the profits ordinarily made by
the agency houses in the discount of such
paper, they are not very likely to enter so readily, as
has lately been the case, into that kind of business.
Besides, there is the check of an inereaset difficulty
of obtaining discounts even at the higher rate, and
also the additional one of the possibility of its further
enhancement. Certainly, the effect of this measure
upon our staples is greatly lessened by the very fa-
vourable position of the producers ; yet it is
manifestly felt. Then, the American accounts,
showing a tendency to enlarged estimates,
and also a decline in cotton at most of the
ports—at New York of to of a cent per lb.— have
excercised a slightly unfavourable influence, which
would no doubt be greeter, but that that giving way
is seen to hive been mainly occasioned by the appa-
rent imminence of war betwixt Prussia and Austria.
But for the quietness which has peculiarly charac-
terised this day's market, we have to thank the
Liverpool brokers, whose statement of the cotton on
hand shows there to be a stock exceeeding
by 70,000 bales the quantity which ought
to be held, according to their own weekly
returns; and what makes matters worse is, that
the representations latterly put forth by some
of them had led people to look for a deficiency
of 30,000 or 40,000 bales. This enormous excess
over what was expected has caused all parties to
pause, and inquire what its Effect may be upon the
value of cotton. These special circumstances have
rendered this last day of the year one of very much less
business than it would otherwise haeee been. The trans-
actions, indeed, are altogether immaterial. However,
the quotations for yarns and goods remain unchanged,
and a general firmness prevails. As fair and im-
partial chroniclers of the day, we are bound to
tell the brokers of Liverpool that they have been sub-
jected, on every hand, to the most severe animadver
sions, which, in most instances, impute to some of
their body something much more culpable than care-
lessness or want of system; and they may depend
upon it that it will be long before the weekly
_and
monthly returns they make of the receipts sales, and
BO forth, have any confidence placed in them, after
what has so strangely happened in the way of
blunders, in the same direction, for two years to-
gether.

7 ROCHDALE, Motip &T.—The market to-day has
been very quiet ; but this is generally the case at this
season of the year. The wool trade
higher prices are being is firmer, and
asked; but, only little doing.
rr
MACCLESFIELD, J. CESDA.I. ..... We are unable to
report any great business doing among the manu-
facturers, stock taking at this season prevent-
ing the buyers operating, excepting
for imme-
diate wants, although in some branches of
the trade, such as piece goods, a fair de-
mand exists. The dyers are well employed, which
is an indication that preparations are making actively
for the spring trade. Sales of thrown silks have been
to a fair extent, but prices are without the least im-
provement as yet. In raw silk there is no alteration
in price since our last. The market is quieter than
it was.

HUDDERSFIELD, TUESDAY.—There has been a good
trade doing to-day in the Cloth Hall, amongst fancies
and woollen goods generally, for the American
market. There have been a more than usual number
of foreign buyers in town for the time of the season.
S-venal of the warehouses have been very busy during
the week for cnntinental orders, and, altogether, there
has been a brisk business doing. There has been
rather a stillness in the wool market to-day.
HALIFAX, SATUBDAY.—Our Piece Hall has been
pretty well attended to-day for the last Saturday of
the year, which is generally considered a " dead
market." Tne chief b.Aness has been in fancy goods
of which a fair quantity is now being manufactured to
order. The yarn trade is more buoyant ; and the
shipping houses give out orders freely, at advanced
rates. There is scarcely
so much doing in wool, and
the quotations are very firm.
LEEDS, TUESDAY.—The market has been well at-
tended; and, considering the season of the year, as
many goods have been sold as possibly could be ex-
pec'ed. The woollen trade, generally, is in a satis-
factory state. The makers being generally fully well
employed, and as stocks are not large, prices continue
firm, and, with the commencement f the new year,
will probably be better established, in consequence of
mordants takin stock at present. Not much doing
in the werehouses.