The Sun.
London, England, 1826-10-05 00:00:00

MANCHESTER, TUESDAY EVENING, OCT. 3.
(PROM OUR OWN CORRESPONDENT.)

Our Market continues improving. We have to-

day had a very fair business, both in Yarns and Goods,
and ht fully 'equia, and in some vases' even better,
prices than on Saturday last. The holders and spin-
ners of Cotton Yarns seem to he determined on a
further advance, in this article ; and, indeed, the almost
daily increase in the price of Cotton, renders such an
advance necessary, iu order to save the spinner from

actual loss. Mills that have for some time been doing
nothing, tut now gradually beginning to work, and
are thereby giving employment to many persons that
have been long entirely without work. Piece Goods
have been sold very freely to-day, both for the home
and foreign markets.

PASCO PERUVIAN MINING SCHEME.

Yesterday a Meeting of the Shareholders in this Scheme
was held at the City of Londiin Tavern.
' Sir A. CithiniCioN„ tin. Cliairman, in introducing the
Report, said the Direetors had deemed it their duty to se-
, _
count for the whole of the property entrusted to them. -
' - The Report regretted the
.Silenee of Mr. Heath, their
CommisSioner in Peru, but they conjectured that it arose
from indisposition. The Report proceeded to state that
it had beert deemed advisable' to drop Solite of the
and that the propriety of adopting these engagements, at a
fume time had'been referred to the company's agents on
the spot: Mr. Quiros, with Mr. Fleteher. Mr. Holland,
the attorney and representative of Mr. COchran,had entered,
on behalf of the Company, into an engagement for some
Mines, on a lease of fifteen years certain, at the annual rent
of 55,000 dollars, and with an advanee of 250,000' dollars,
011..stecount of this rent. ThiS last condition, for the ad-
Nance of 250,000 dollars, was in direct violation of the
6eonditions sent out last year, and the directors, by the
-/t, vice of their solicitor, had declined to accept the bills
drawn for that sum, and ‘' have transmitted to Lima
theis protein agaieSt all thin consequences of this
unauthorised act. Mr. Cochran .arrived in London
before any Answers cold .be received from Mr. Heath.
They found that Mr. Cochran's valuation of the mines
*mounted to ,442,000 dollars, instead of 1,000,0p0,-mihich
F, /;been, .as the •mininiurit value of the pro-
perty, but incorrectly as it appeared, in consequence of
Mr. Cochran having been himself misinformed on the sub-
ject." The accounts were otherwise 'very favourable., The
Directora had long since sent out directions to reduce the
expenditure of the Company to the lowest scale that
• a due protection of its interests would allow. • The
'eport then stated that the sum received On 10,000
shares amounted to 113,837/, 10s. and 408/. 18s, 6d.
interest, and that the . expenditure amounted' to 110,911/.
Ss. 3d, leaving a balance in hand of 3,3344 10s. 3d.
A provision for the payment of • 22/7101. must im-
mediately be made fur which purpose it would' be
inCerautry to make a thrther call for an instalment of V.
per share, unless the whole of the third ihstainierit should
immediately tie paid up, and then a call 'of 21.105. per
share wind be sufficient. The whole amount of the cash
advweed in Perufincluding a sum of 19,2104 amongst the
?resent claims on the CoMpany) was 74,2404 The Go-
vernment duties had been lowered froM 1.14 to 8 percent.
'Die Report in conclusion stated, that unless the instal.
manta were paid up, the undertaking must eventually fall.
The Report was approved, and ordered to be printed.
A SuitttuoLVEtt wished to luiow what would be the
sum likely to Ve required for going on with the mines.
The of any more money might depend upon the
answer.
The Secretary stated, that, the sum required would be
and 'he was utalei'atckid to add, that no more
would ever be required.
Mr. CH n isTv said bars of the precious metal might be
'eipeeted in six months ; and after some discussion, reso-
lutions iniaceordance with the views of the Directors, were
, •
curried. •. •

Among the passengers who arrives' on Sunday
se'imight, in the packet-ship Corinthian' was Stephen
Price, EST, manager of the New York theatre,' and
the present lessee of Drury-ltme.—American Paper.
IMPORTANT IMPRoVEM EN TINT ENA vv.---On
Thursday all the Naval Captains of the ships at Ports-
mouth assembled on board his Majesty ship Galatea,
at Spithead, to insitect the working of her boat guns
(carronades) which had been fitted by Lieut. Fiala-
hart, H.N. on his new plan, with springs, to do away
the necessity of tackles, and consequently the labour
of ,running the guns out. The pinnaces of the
Galatea and Pyramus' had their guns mounted, the
former according to the present invention, the latter on
the usual plan. At a signal given, both boats OM-
in,:-:ived tiring together, and continued to do so for
about :our mtnutes and a Buff, during vvhieli time the
pyrumns's oinnace fired eight rounds, to do which
the men 'were dbliged to lay in the three foremost oars
on each side' whOst the Galatea's boat fired thirteen
rounds, and the men ILA 110 occasion to lay in more
than one oar on each side. The advantages of Lieut.
vv
Balahan's plan, therefore, as 'most evidently proved,
especially also as the boat can pull and work the guns
at the same time. Besides, the gun recoils so easily,
that during the thirteen rounds that were fired, it did
not once come back to the breeching, so that any boat
capable of bearing the weight of a gun may have one
mounted, and fire it as often,as may be wished, without
the least risk of either shaking or straining the boat.
Moreover, the machinery is so very simple, that it can
be taken oD replaced in two minutes, and, when off,
the gin' is the same as any other. The inopecting
offieers were unanimous in approving atlas important
improvement ire naval gunnery.

'l.ll'e pile of Imiltring lately erected In the gardens of
the trfetvl.t Altiscont, for the reception, we understand, of the
Lihtitty gt..Cti by the King Co'd'es kimono,. is nearly in a finished
%Lite, Th, the loOking towartio lledierd-square.
with I,fane, awl the project'ym. in the velitre ia ornamented
with four half coloinos s,i the -"owe order, fluted, and a pilaster
,at each end, of the same order„ wtiich suppurt a pediment. The
*c, of the order is the., top of the wall, along
the whole of !Iris %hie/ wrought 'to atone. , The plitrlVlM is at the
retd of 3iontagut-phiee, The first apartment ou the right is.of
i.„fie,,,ti,,,itice);:,:tietn;4l,,i2. to 14Lptrilh.i,jte,itct,i,oritchjeitrote eetitl of the
very ?rest.
into wt , w in, corre-
building, is
*ponds to the centre. itiri..ololltol tut. eltertor, of the
ornamented on each side woostliterh Coriistilien.ohm, the,
shaft and here of which are of .1
in :11!14,444)otiittitetoht
capitals of the coluntrie are ;set txecut.g
extreme.; latxutirift:lll they aim
ble, but are Variegated, and) are
have a very higli polieh. The adjoining roontr.ttom; aorty in
dimensions to the first, beyond which these h.r,r,rotii7ll.
The whole of this noble suite. of apartmeatit whichare
,o_ty,
are °fan equal height, and decorated at the
_top.
t.with oh
ied
he whole of he rooms. 1,„;
"nlice'
friclL!'
4c"
Which
e"irdestdescription, being richly orna.l
4vilings are of a most magnificent
T_le
frame-work
memo' in a light and elegant wanner, _ which
supports this ceiling le entirely if iron, w 1 1
"c rtriidera t
at intervals across
6," Proo,,E Very strong iron girders are placei_ o
row
t" Wal-14 to support the work. The rooms art' lighter)
of windows •on both side* of equal dimensions, and extt.i!tl the,
!Wide the
whole'length of the building. Thu Parrf which
Sre decorat4et the angles ,with siouhlo-fseed pilaster.
of highly poliahetl'iliarble. A !woad atone staircase in the entrance
hall, leads 10 a efai f,AtilkitAllii *Ulla of rooms above„: the woe
extent- as those below, !]weigh much Sr wer. The are
otuatneuted in A vets chaste style. Lighth affe adillitted ijite)
them
rOatab by skylights In the I'OCIC The kilitipal put of tiu'
it of cart! iron ; it has it very low rise, so that it is ita seen h,tl6
hdlg'pos4 r t S4Vegtf.l itithsokiw.