The Sun.
London, England, 1850-09-04 00:00:00

ITALY.

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The Croce di Savoia of the 30th ult. contains the
following from Naples :
" I have been credibly informed that the demonstra-
tion of the army in favour of the Constitution, majors,
captains, and about 100 nen-commissioned officers, have
been dismissed the service. Passports Lave hem given
to several, who will in all probability proceed to Genoa
by the steamers. These arbitrary measures have pro
duccd a deep sensation in the army."

ARRIVAL OF GENERAL HAYNAII IN LONDON.—We
are informed that General Haynau has arrived in
London. We are told that this morning he visited one
of our large brewing eat,iblitlaments.

STATE' OF TRADE.
(From the Mvidester Guardian of this day.)
MAN CHEST r. R, TUESDAT.—Three mails reaching
us in one day—from the El 4 Indies, the West In-
dies, and the United States, the latter showing that
an advance of a quarter of a cent. per lb. in the
price of cotton had taken plac at New York--
have not only supplied no! stimulus to our market,
but have failed to sustain matters in the position which
they occupied during the latter half of last week.
Extremely little business has been done in goods
of any kind, whether for shipment or for home con-
sumption ; and the general tendency of prices is against
the producers. The Greeks appear to have had a
principal hand in the small operations of the day. The
India merchants have held more decidedly aloof than
they did before. As regards yarns, there has been, on
the one hand, an increased desire to sell, especially
warps and cops ; and, on the other hand, a further di-
minution of confidence, particularly among the buyers
of warps and cops. The consequence is, that the
quotations for these articles have again suffered some
reduction ; while, with but partial changes in the
nominal rates of the lower and medium counts of mule
and water, in the bundle, concessions are made where
sales are effected, though not in the same degree as in
the first-named articles. There can be no doubt that
the failure of a large manufacturer of domestics, and
the unsatisfactory character of the accounts of our
staples in the Calcutta market have contributed to the
state of things here described ; but this state of things
is, in a much greater degree, to be regarded as a
subsidence of that upward movement which, a month
ago, added id. to id. per lb. to prices in Liverpool ;
and, though not in an equal degree, raised them in
Manchester also. For that rise no solid reason could
be assigned. It sprung out of a mere speculative
impulse, and was sure, therefore, to be followed
by a reaction. Such impulses and reac-
tions have occurred several times within a few
months ; and their ill effects are deserving of serious
attention, and ought to be productive of increased
caution. Whatever may be the probability that the
value of cotton is not likely to be permanently lower
for some time to come, it must certainly happen,
with so high a range of prices, that, after every rise,
suddenly effected by artificial operations, there will
be a speedy rebound, to the great injury, not only of
many individuals, but of the trade at large. The
confidence with which, but very lately, a progressive
advance was inspiring our customers, as to its perma-
nence, has been sadly shaken by recent recoils from
undue and unreal starts, and especially by that, which
commencing about three weeks since, has more de-
cidedly manifested itself to-day. This is more particu-
larly the cave abroad, where the spirit of our market
is but very slowly caught. The continental merchants
in this town are almost paralysed from this cause.
ROCHDALE, MONDAY.—So brisk was the deman
for flannels to-day, that the pieces were all cleared
out by eleven o'clock in the forenoon. The wool
market is much the same as it has been fob some
weeks past, both as regards price and demand.
HUDDERSFIELD, TUESDAY.— We have had a fair
trade doing to-day. The market begins to wear a
better aspect. New patterns for the coming season
meet with ready purchasers. Low woollens and
fancies continue to have the best sale. The trade of
the week has been an average one.
HALIFAX, SATußDAY.—Although there was but a

slender attendance of buyers in the Piece Hall to-
day, yet there is no material alteration in the general
state of the worsted trade, which is steady and
1.1
11,p, i healthy. The demand for yarn has suffered no di-
-- ininution, and prices are without alteration. Wools
are rather quiet, and the quotations show considerable
firmness.
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Lulus TuEsDAr. --Although there bas not been