The Sun.
London, England, 1811-08-02 00:00:00

LORD .4.EFiiiiiii's.. nii;ohf.

Lim..Es, JULY 20 the city
promising posped of a gooa 'iit talr vtros,i
fair.; 'On Fritliy, we never had •r uri7re resod ,b,T.
asseiribl4e, Or the priiicingl ixoOl-grAvlre at d

Staplers. Every room :it thia ,tas filed wi ti-
comp-lny,.iteveral
.of the Snipers tr in Lin-
don, Yorkstiire, After dinner the 4.;ortipani
from the different apartments aSserribled io the pr
cipal room (a, many as it could contain), and Lord
Shet}i~ld made his annual teport erdid the (*.Wit*, in
.)he following terms
• •• -
"The ditficulties I experienced in forming the
report on wool, and the wooden tnanutattuie;
which I hail the .bonour of sulimitAng to the meet
ing list year; are !putty increased; and I fear it
will prove an arduous underaking, to present a sa.:
ti#ioory statement- on same Subject tor the
pre%ent }'ear.
" The continu,,d extravagant eoncluti of the
enemy, infinitely more nurttill to the coootrieh un i..e
bis protection than it i, to us, ha, greatly deranged

• •
rade and `intercourse among yo; the dis-:
;Tess which his fallen on' this country; did not arise

merely Irvin the etiorts of the enemy tnuth hay
been done through nrecibi.ate and mischievus ape-

culations, as weft ac by toe dissemination (if notions
tending iodestroy .coufidence, and' to pi ejucitCe the

,
credit of the conntr) ; for tiotwillistamin,t; the
petted decay -of the ‘t ()Alen trade in consequence of
.the war, Irtrnst' I shall be able to prote thAi the
port. of woollens hAs increased, and that the Con.,
stimprion at home most al.o be greater than ever it
has been. ,It.ovil,Lbe necessary y_ remark at si,me
length on the enormous importation 4 for several
years past of foreign wool, which, net wilhout
reason, has occ a oned a great drgree of alarm
among the wool-growco,.,oi the United
dom.

" In January iBpoj.the quantily of foreivoi.:pyl
then in England was smaller than usuid piyt-
culators, some of..w hum held cousiderab!e stGCNi,

_ .
purchased every bag - aS. it }vas . offered for
during that year. Previously to thorie specUlatio;.s.,
Spanks wools sold itt the following Preys, %Hz,
Leotiesas, 6Se •gdri 0,. ; and

Sorias, 5.t. to 5, at a credtt of vightinbotit3
and in the first stic months of isi)9,:Leun:!sag rocs
to 2&i.; Segoviasi2 ; and Sortas, t ss. per lb.

" It is said the foreign wools bad co,t the mer-
chant i 9s. per lb. and that they were in the hands
of a few men of large capitali.
" Very many who Ltd engaged iruptudAily' in
the speculation were ruined-; whjeai immense pro-
fits were made by those whd had otniChased at the
low prices of 1808, -and contrived to sell the Whole;
of their stock at.very high.prices, any, then reined
from the market ; since that m
:curable tipecuia-
tion, Spanish wools 'nave declined gradually in price,
the manufacturer hErVing tb bay 'nor%
than his neces.iiies requited; whicti being iedi ilian
usual, in consequence of a very .Consi,lehible,tl/1..
pension of the manufaaure, and the importation of

wool very much greater than at any forme, period;
reduced Spanish wool: to their former tniC(.l ; and
in January and February last, the prices were low:
Sdecolation then recommenced. The piliCtiase,
prime qualities to the months of A.ltiy nits! June last
nave b.en very great, and Leoneseb are tin sold
rracily at horn Bs. to 83. 6d.; but. Wilk ivance in
prime has not much atrecled the inferior sorts.
.kully two years consumption is said to be oh hiittO,

acid the price „sited rcir Seguif;as is ti l.) ,irnd for
Solias, ss. per lb. ; and nut much is *soi f i•%en at

those ;Aloes. But as toe prime %.v.ioei Are wow town
out of the market, and in the Nana; ut those who
will trot sell at low prices, the mal.ulaourer of au-
pertine woollen di)ILIA May iescirt to the ~ekt or ill!,
tenor qualities, which probabty will raise their price.
A.t.this time, the inonulacluiera in Wiltshire, Gi,io-
- Somersershire, and tilell neighbour.
lukti, are in general eitiJoye.i, and, as it is called,
at fair \yolk, ott ilk! finest Spanish wools. Ihe •
consumption of sui.ertine cloths made of that wool-
has been almost entirely by British iubjecti, and no
considerable' quantity. has 'ever been exported W
foreigtycountrior..: -Superfine woollens tire *at:lit,illy
scarce, in, consequence: of the late suspension of
the manufatture i but there can be no doubt that
this tuantifactUre will resume its former, flourishing
state, while SPSnish wuoh is at its present moderate
price., .. i
r " The manufaatirer laid on his wares, as usual.
double the ani6unt of the rise in the price. of Ifni
material. Blue -.cloth rose to 345. per yard and
upwards ; but the extra); iptit price at 'Sparlsll
wool, and of the cloth, checked the manufacture.
There was Much Mole parsimony in the use of it,
and interior cloths were worn. Now the blue-cloths,
which 'sold for 345. are reduced to their former
prices, siz. 245., ,
" The foreign wool imported in 1810, ainonntid
to 10,931,00u1b5. the greatest importation ever
known, except that of 1807. It appeltra alko, Hint
1,727,0u01b5. of foreign wool has been impolle4
into England in the quarter ending sth April lit,i;
but that quarter falls very far short of il)e sonic
quarter last year, which was 4.,630,416ib, Punts
En4lish sorted wool, , previously to the speculation,
was generally estimated at half the price of the
'finest Spatitsh wool, that is, when the latter' wet
selling at 6s. gd. per lb. the ~Engi,sh wOol was
worth, as. 4d. but in consequence of tbe late specu-
' lations It sold at (is. Since the great failures atno,;g
ihe'Wool-srapler.s, comparatively lit,!e was SOld till
lately, when conkiderable quantities have been d a-
posed of, at 'prices. however, much redticed, and
lower thin they Itaite been during many sears ;
prime South Duwb in the tleeCe at 1r„ tit sti. to 25.. 3Cir
per lb. The principal growers of English Wool not
having sold the growth of last year, there must be it
• large quantity on hand; there is very little, however,
in the hands of the Manufacturers, who seldom keup
any large stock.
I'll Staplers of English wool; although many
of thdrn are •very wealthy, few have money On.ni-
ployed, their capital is not at command, it is partly
locked up in the elates ollhOWNVilollllV,esuipe,thivd
payment or become bankruptii, chnsequently they
hate not the means increasing their, sunk, and ti es
lack of moody 4Oligte many of thatst to sachoe the
stock they have. Nothing !Lis tended More to
cripple and distress, this description of persons, -,is
. well ail many others, than the general withdrawiug
of discounts by all Banks ; the result of the pubiica-
tion Of the Bunten Committee Report, and the gloom
, - which hss oporattd upon comarzlcial men. hag in.