Star.
London, England, 1826-01-18 00:00:00

SALE OF INDIGO AT THE INDIA HOUSE,

Yesterday being the day gppointed tot fife QJarterli
Sale of Indigo, at the Company's Sale iloomst In Lead
enhall-street, a numerous assemblage of the trade took
place at an early hour, for the purpose of endeavouring
to induce the East India Company to postpone the sale
until March or April.
As soon as the Chairman had taken his seat, and
before any of the lots were put up, Mr. CHRISTIA said,
that in consequence of the late convulsions in the money
market, the dealers in Indigo had expressed a wish that
the sale should be postponed. There might have then
been grounds for the refusal, which had been given, but
now that the Catalogues had been issued only on Satur-
day week, there had not been sufficieot time to take a
proper inspection of 6000 chests of such an article as
Indigo. Several Proprietors consented to withdraw
their lots, provided those belonging to the Company
were withdrawn also. The Chairman said, that in his
opinion the sale could not be postponed. Some persons
had come a considerable distance for the purpose of
attending the sale, and with what justice to them could
the Company postpone the sale ? He thought there was
sufficient time for inspection, and, at all events, no
Gentleman would be so careless of his own interests as
to purchase without having had a proper inspection, and
.
if there were no buyers there could be no sale.
Alter some conversation, the Chairman was requested.
Hto retire, and consult the Directors, before he ventured
to decide upon the sale, which was so important to the
trade in general, as well as to the Company. The
'Chairman then retired to get the sense of the Court,
;Ind he returned with the decision of the Directors, that
the sale should be proceeded with.
Mr. JOHNSON said) that such conduct was not be-
coming (to use the most gentle expression) such a body
as the East India Company—(Urest cries of Shame,
Shaine). They ought at once to have stated their deter.
ruination to proceed with the sale, and not to delay
their answer until the private Proprietors had with-
drawn their lots, on the presumption that the sale wuuld
be postponed—(Hear, hear).
The principal traders then left the room; sad those who re-
mained, as it appeared to us, did so rather with a view of ascer-
taining the lots which were withdrawn, than with any intention of
purchasing; for during the time we remained In the room, we
did not hear a single bidding. The trade seemed generally Flu-
'died and dissatisfied.

Monday a Special Board of the Lords of the Trea•
eery was held, for their Lordships' decision on the important ques-
tion respecting tbeDeccanprizamoney. The result didn't transpire.
On the 15th December, New York was visited by
one of the most disastrous fires that has for a long time
been experienced in that city. It commenced in a stable,
into which a cartman had gone with a light to feed his
horse, in the rear of the square fronting on Thompson,
Broome, Spring, and. Sulivan.streets. The greater
part of the houses, many of them valuable, facing on
these streets were destroyed, leaving from sixty to eighty
families without a shelter. The value of the property
lost is estimated at from 70 to 80,000 dollars, upon
which but trifling insurance had been effected. There
were two unfortunate circumstances that conduced to
the conflagration reaching its alarming height. The
one was the culpable neglect of ringing the city bells—
the other the great scarcity of water. The pumps and
cisterns in the vicinity were speed.ly drained, and the
distance from the river rendered it intpracticable to
derive much aid from that source.
Thursday night last, four post•horses were suffocated
in a stabli., at the Cups inn, Colchester, supposed from
the litter ca cliieg fire.