The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-04-03
LATEST EG2EsGE NEWS.
England.

GREAT BRITAIN's TRADE PROSPECTS,.
LONDON, April mir. David Newer, one
of the pro prictors OF the Cunard Line, ana
member OF Parliament for Rerkinhcad,
writes TO the Times declaring uni!'sltalin@iy
that. from his personal experience" a. Il car
ripr, hr does not know OF any !allon whose
trade prospects are rs gloomy aS Great i'rI-
tajn's. The depression in the United states
and elsewhere does not al AL approach the
depression here. Tie British exports to
thn United States are comparatively no.
thing. either as regards volume or value.
The British food imn0rtatlonS are steadily
increasing. and the balance OF trade Is so
overwhelmingly against Great Britain that
lie sees nothing but ruin Tor home INDUS
tries. whether manufacturing or aSrlcu!-
iurul, ii the present state of things IS al
lowed TO continue. The export trade from
| Liyerpool to the United States is 80 small
that whenever the restrictions on lnp"ila-
ton, OF United States cattle are removed
gentlemen who are prepared 10 pun AGul-
tional steamers into the trade Deliberately
fintcndsto make outward voyages with wafer
ballast only, without Joining IN the scralil-
bic for the little outward freight Wnic'l
other owners have been carrying rs ha'iaSI
ut merely nominal rates.
TIL. COTTON SUpPI.Y-!NnIA'S FINANCES.
LIVERPOOL, April 2.-Tbe cotton cir
cular of Smith, Edwards Il Co., cotton
brokers Of this town, says: "Ihc visit
bIn supply OF cotton is $4,000 bales
below that Of last wear. Probably the
spnners throughout the world hold sir
plus OF from 10000 TO 100000 bales, and
there nl1y be 4 little more shipped from IN
| Gia for the remainder OF the season; but In
any event there must DC material rcGuc-
ton Of consumption to carry Us through
the autumn. Whether there Will be such
reduction at the present level the prices OF
raw material will depend very much
on the action OF the Government is
bearing upon silver and Eastern exchange.
Even the slight Improvement now no.
ticeabie at Manchester is due solely to the
proposal 10 lessen the draft on India by
| borrowing in London, but series Ct such
eXppdients would reduce the already Gep!o-
rable finances Of India to hopeless bank
ruptcy. The silver question is exciting
Great interest throughout Lancashire, and
opinion is steadily tending in the direction
OF bi-mctallsm, but interests in London op-
nosed TO 1t are SO powcrful that it is. doubt
| fdl whether any practical steps can be taken
! in that direction for long time to come"
COTTON OPERATIVES GOING TO WORK AT RE-
| DUCED WAGES.
LoSpoy, April 2.-The announcement
that Blackburn cotton operatives OF I'LL
branches OF trade at their meeting yester-
day agreed to submit to reductions IN , tanf
wages provided the masters "ou'u eon,v nd
10 restore reductions OF both TINS year anu
last wear upon revival of trade was lnsor-
recr. They decided to submit to the reduc-
lion Internationally, but declared il their
intention to insist upon restoration OF
prices paid previous 10 last years REDUCTION
when trade reyiyes.
THE NORTHAMPTON STAKES.
| LONDON, April 2.-The great Nor hamp-
ton stakes was the chief event on tie pro-
rramme OF the Northampton and Pytchley
hunt meeting to-day. The original SUP
scribers numbered flty-one, but Only seven
started. G. perkins's Redemption C; me 10
winner. Lord Roseberry's Ridotto,, he 10
voritc in the betting, took The second place.
and Antient Pistol third. Tne betsl ng De-