The Sun.
London, England, 1826-04-01 00:00:00

COTTON, &c...

,
NEW OILLZANS;,'.I,II7 16, 11126.—The demand during List
week has been more animated than at nhyllme since the-open-
ing of the.murket, and the amount of salca.,considVrable, being
somewhat over 51W baleS of Louisiana and Mississippi, at a
slight improvement on our last prices, particularly as regards ,
middling, to fair and fair to good fair ; which is owing to one
or two large orders. now in
,operation and the saintliness of the
stock on hand for sale; we, nevertheless,' continue our former
rates, being doubtful whether the present excitement will be
fully supported during the next 12 or 14 da's. Imports from
Friday morning 6th to Friday . morning 13th, Louisiana and
Mississippi 3750 hales,. eilroas the Lake 197, Mtibile 30 ; in all
391.15 bales. Exports In the. same time, 'to Liverpool 991 l bales,
Havre 1414, Nantz 584, Boston 380, New York 296 ; together
3669. Making an increase in stock this week of only 32r, bales.
Orainnry to Middling,ll n 12eentS, Middling taFair, 12 1-2 a
13 cents, Fair to Good 'Fair, 13 1.4 a 14 1•2 cents, Good Fair to
Good, 15 A 16 cents, Good to Fine, 16 1..2 a 17 cents, in good
demand. B
rrived. since gat October . .
les.
Arrived in sarse time last year • . . A,ai
A
o
. • . 62,207
Arrived in same time year before, • . . • 31.940
Arrived in the same time in •11122, • . 32,563
Export since Ist October . . • . 21,293
Export in same time last year . . . 39,982
Export in same time year before . . . '21,423
Export in same time in 1922 .. , . . 21,618
Stock on hand to-day, Including all on ship-board, not
cleared . . . . . . 15.767
.Stock on hand same time last season ~ . 32.726
Stock "*; hand same time season before • • 13:ti-,t;
*Melt on Fuselsame time in 1822 . . . 32,05
Preighit.—There i'e a considerable portion of the shippingin
port unengaged„ as will be seen by referring; to .ourAist: the
agents on owners of which are tinxious to make' arrange:,
merits for loading ; this causes prities tit present • to be low and
dull. , •
EaWianke is rather declining, .and' is •'at present extremely
dull, there being but a small proportion of buyers compared
.with those wishing to sell—ton London 5 per cent. •

• PANAMA MISSION.
NEW YORX, FEB. 2L—Every piper from Washington
is seized with avidity, in expectation that it contains the long
looked-for„ called-for documents on the Panama question, but
they era not yet Kent to Congress, and it is said that the Pre.
sitlent will not obey the call. We doubt this report ; the
delay may arise him preparing, arranging and copying doen.
went, and in selecting those which may with propriety be
made public. The President could not treat the represen.
tativee of the people with no much contempt, as to refuse to
obey their constitutional and expedient cell for infortnation ;
besides, the people are aware of the fact that the call for this
information emanated front the confidential friends of the
executive, who by this movement. must have had one of two
objects in view, viz : to obtain inforMation which the 'Presi-
dent was desirous of Affording, or to compel the Senate to de.
cite upon the nominations on their table ; the first is legiti,
mate and proper, the second a gross infraction of the rights of
the Senate, and of the respect due to its individual members.
We also observe with regret, two attempts in the Legisla-
hire of Maryland and.Pensylvanitt, to legtalatt!Upon this na-
tional point. These attempts may haveihad their origin at
Washington, if so they exhibit the new • schools in a new and
extriertlinary light. We have no hesitation in Baying that it'
the legislatures of the different States forgetful- of their local
duties, can be brought to legislate upon national affairs, to
answer any special oliject, and to direefand controul the repre.
„entatiees immediately from the people in the councils of the
nation, there can be no foreseeing the serious evils to which
this state of things may tend, and the sooner they are did.
countenanced the better. administration must not controul
the power and influerce of .the states.
N'(re have never been able to asetrtain why this question Ilan
ben wrapped io so mach mystery The following Nive been
officially announced by the Colombian Government Its eemoi..
nting the•leading pomte of discussion at the Congress of
il
Panama,
1. To forM a solemn compact-, or league', by which the states,
whose represetitative, are present, w l he bound to unite in
prosecuting the war against their common enemy, old Spain, or
against any other power, which shall assist Spain in her
hoitile, designs, or any otherwise assume the attitude of an
Aienty.
To draw up aria publish a manifesto, setting forth to the
world the justice of their cause, and the It:Wiens they desire to
hold with other Christian powers.
3. To form a convention of navigation and commerce, appii.
.cable both to the confederate states, and to tiller allies.
4. To consider
the expediency of combining au! forces of the
republics, to free the isinotis of Puerto Rico and Cuba from
the yoke of Spain and in such case, what contingent each ought
,0 contribute for this end.
b. To take measures for joining in a prosecution of the war
at sea, and on the coast of Spain.
6. .i o determine whether those measures shall also be ex-
tended to the canary
etttl Phillippine Islands.
7. To hike into consideration the means of nuildt;:, af„tuid
the declaration of the President of the United States, respecting
Any ulterior design of a forogn power to colonize any portion of
this Continent, and also the means of resisting all inttsference
from abroad with the domestic concons of the American Go-
vernment,
8.- To settle, by common consent, the principles of those
rights of nations, which are in their nature controvertible.
ft. To fleterniine on what footing shall be placed the politi-
cal and commercial relations of those portions of our hemis-s
Phere, which have obtained or shall obtain their independence,
but whose independence has not been recognized by any Ame-
rican or European power, as was for Many yeers the ease with
Hayti.
It is for Congress to say how far it would be expedient for
the United States to become a party to the above objects. The
11:and title point are particularly interesting to this country.

EXTRACT OF A LETTER. FROM WASHINGTON.
" In regard to the Bankrupt I3ill, I assure you it is not lost
sight of, end a serious attempt will be made to pass it. The