The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-05-06
E.sli.h Trade .ud IN. Am.,,,,, r,.,,,.

Easiish Trade and she American Troubles.
The New York "SAippfno and Commercial
A".' OF May LIST, gives extracts from the
London Ttmes Of April 18th. which con tains
nearly two columns Of reports from the man.
ofacturing districts, exhibiting in a most
striking light the ruinous depression OF trade
there, consequent upon the prospect Of civil
war In the United States. All branches ap-
Pear to be alike affected. The result Of the
rmss' statements may be condensed Us fol-
iows: In Wolverhampton, trade is about as
bad a. bad can BE-, but under the impression
that the American (MoRRILLl tariff will DO
speedily repealed, and that the separation of
the North and South can be peacefully ef-
fected, there are many Of the ironmasters
VINO are confident Of a speedy renewal Of
orders from the United States. The
impression alluded to, seems TO have
been created oy private letters from this
side, the writers of which appear TO have
been blind to the Ius meaning Of the events
In progress here.) From Sheffield, the reports
are OF the most discouraging character Some
OF the Gu tlery manufacturers, exclusively en-
pioyed In the American trade, have closed
their establishments altogether; but the di-
minished likelihood Of war was raising hopes
that the crisis would come to an end sooner
than was generally anticipated. At Noting
nam, the wholesale houses have been bQying
more freely, and some few orders from Amor.
lea are reported-enough 10 revive a feeltag of
confidence rs TO the future, and to Justify
manufacturers looking forward to increased
demands. At Birmingham, stagnatioa in
every department Is the order OF the day.
From America the orders entirely nominal
The long con tinued depression in trade is at
last becoming serious US far as the artisans
are concerned, so many of them having been
employed not more than three Ur four DAYS in
the week, and the number of those who are
unemployed has been on the increase of late
A number OF heavy failures are announced
At Bradford, also, the American houses are
either out Of the market aItoge Their, or II thew
buy at all, their purchases are insignificant
In amount. AT Newcastle on Tyne it WAS
thought that when the new American tariff
came into operation 1t would entirely stop the
expectation Of Goals thence for the United
States but in conseq uence of the low feiehts
that now prevail, large quantity is being
shipped OF course, by the operation of the
tariff the American consumer loses all the ad.
vnntages of the low freghts.
The New York commercial journal which
makes these quotations, adds:
I'VE need not contin a 9 tn csc citations Wehsye
eubnlted enough to show that, severe as the
blow 10, which our political troubles have dealt
20 trade and cen merUe at home, foreign rela.
e.ons arc staggering under II even worse Than we
Sre fact which will engender with many |
jeys to tender III efS sopd o sl =.
mediator between ths two sections Of our un. |
sa: to e ,Oa ss wh en-
commerce Of the whole world, from which it will |
take many long years to recover We have no |
Idea, ourselves, That the offer AN sprh,
ton. II present. would BIO accepted; but, when |
mutually exhausted by a dssoIatipg col fict, who
shall say that au olive branch, COMING from the |
parent country. in a spirit Of genuine kindness
and good Will, would be rejected with scorn I"