The Sun.
London, England, 1861-12-10 00:00:00

EXTRA STOCK.

Silver medal to the exhibitor, for the best steer or ox in
extra stock, to Earl Spencer, A thorp, Northampton ; silver
medal to the exhibitor, for the best heifer or cow in extra
stock, to Mr. W. Wells, Redleaf, Kent ; silver medal to the
exhibitor, for the best long-woolled wether in extra
stock, to Mr. G. S. Foljambe, Osberton-hall, Nottingham ;
silver medal to the exhibitor for the best long-woolled ewe
in extra stock, to Mr.W. Lovel, Nafferton-grange, Driffield,
York; silver medal to the exhibitor for the best long-
woolled sheep (not Leicester) in extra stock, to Mr. J.
Lynn, Church farm, Stroxton, Lincoln ; silver medal to the
exhibitor for the best short-woolled wether sheep in extra
stock, to the Duke of Richmond, Goodwood, Sussex; silver
medal to the exhibitor for the best short-woolled ewe in
extra stock, to Lord Walsingham, Merton-hall, Norfolk ;
silver medal to the exhibitor for the best short-woolled
sheep (not Southdown) in extra stock, to Mr. W. B. Can-
ning, Chisledon, Wilts; silver medal to the exhibitor for
the best cross-bred sheep in extra stock, to the executors of
the late Mr. S. Treadwell, Westcott-field, Waddesden,
Bucks ; and silver medal to the exhibitor for the best pig in
extra stock, to Mr. W. Baker, Purewell-house, Hants.
JUDGES or CATTTE Edward L. Franklin, Philip Halse,
Wm. Torr.
JUDGES OF LONG-WOOLLED SHEEP AND PlGS—James
Detrylag. Froneim gssoytenr. Tremain.
JUDGES OF SHORT•WOOLLED AND CROSS-BRED SHEEP
—Henty Fookes, James Rawlerice, J. S. Turner.
Hort. SECRETARY—B. T. Brandreth Gibbs.

EFFECT OF WAR RUMOURS ON
COTTON.

It is earnestly to be hoped that whatever answer the
United States give to our demand for reparation will be a
prompt and decisive one. It is to be hoped also, that what-
ever our Government find it necessary to do will be done
speedily. Suspense and uncertaini y are death to commerce.
War with America may afford immediate relief and plenty
to the famished cotton market ; expectation of war only
brings increased pressure and menaces increased supply.
If we aro to have a war with the Government, we shall, of
coutse, recognise the Southern Confederacy, break the
blockade of the Southern ports, and scatter to the winds ,
the squadron that for so many months has been sealing up
our cotton. Ships will at once sail to New Orleans, Mobile,
Charleston, and Savannah, laden with all that the Confe-
derates need, and will return to us in three or four months
with cargoes of that raw material which is wanted to save
the operatives of Lancashire from idleness and privation.
If we are not to have war, then the high prices which will
be maintained will secure as large a supply from India as
can be furnished to us for the money. But if we are to
have for a considerable period an imminent probability of
war followed by a resumption of pacific relations which
will leave the blockade and the civil conflict in America
untouched, then there is every danger, not to say certainty,
that we shall obtain cotton from neither quarter. Peace will
prevent its coming from America—the dread of war will
have deterred its coming from India. Already much has
been jeopardised, and all parties connected with the cotton
manufacture are under groat uneasiness. The effect of the
news of the San Jacinto outrage and of our consequent pro-
ceedings has already been to cause a fall of price in Liver-
pool of nearly 2d. per lb., quite 2d. from the highest point
previously reached. This fall, and still more the further
one which would ensue from complete rupture, will be suf-
ficient to render unprofitable a considerable part of the im-
portations ordered and expected from India. Many of the
orders recently sent out are, therefore, being countermanded;
and of many more the limits of price at which they were to
be executed are being much reduced. Those merchants who
have had the courage to direct Indian cotton to be bought
at Calcutta, Bombay, or Mirzapore, on the basis of a price
in Liverpool of Bd. per lb., will lose enormously, if the
United States apologise and if peace is maintained. The
knowledge of this, and the feeling that, under any circum-
stances, what has happened shows how very precarious
must be the continuance of the American blockade, will,
we fear, greatly discourage the shippers of cotton from
Indian ports. Every day of uncertainty risks and costs
millions. As we said at the outset, actual war with the
North will bring with it material compensations. The pros-
pect of war carries with it no compensation whatever.—
, Economist.

FOREIGN MAIL PACKET LIST.