Year: 1859

one Of these communications states that two native dea-
ers had stopped payment. Ea.f-c aE


Yesterday several merchants in this city received de
patches from Calcutta of five days later date than the
letters above referred to, say August 27 From their
brief intmatom it appears that the market had con-
tnued to get worse large native failure had occurred
in the Bazaar business at stand and prices were
nominal. We learn that since the panic of 857 there
has sprung up new class of native buyers who are
purely spectators. They have been the holdes giVers
of orders for goods and yarns to arrive and of atehe
arrivals have upon them overwhelmingly, partly in
vessels which made short passages and partly In others
which were much behind their time /. Z nder such cir
cumstauces necessity alarm has led to forced sales
1t is evident however that the market is guted for the
present and that the districts connected with it are full
enough. Some o. the letters express good deal of un-
easness to what failures may arise cut of the present
and prospective state of things. 1t is however to be
observed that the sales OF products nearly all
guaranteed in their payment by the Banans, who
rich class n something like bankers, there is little need
of apprehension about bad debts to our merchants
There is another Of temporary depression; ex
ra0rdnary quantities OF seadamaged yarns and goods
have come into port and these have had to be sold bv
auction for whatever they might bring


The above advces have operated niuriousy upon this
days market The somewhat increased demand for goods
on Eastern account which showed itself last week is
stopped at any rate such offers made to producers
appear to be feeers. For yarns adapted to that
quarter, there may be said TO be no inquiry.


The same increases the caution of other classes
OF buyers But the tradein goods for various foreign
markets and Tor home consumption so good that no
effect is produced upon prices.
The home buyers of yarns have held back from bus-
ness to-day more markedly than they did last week The
statement holds good of the continental buyers
Their accounts from the Leipsc fair are indeed very
satisfactory regards many textile fabrics into some of
which cotton yarns enter, as, for instance semwoolen
cloths the Warps of which are various counts Df tWoiod
1t is certain, also, that the supply Of yarn very bare
on that side Yet the orders that are most
meagre When the purchases of yarn come on at Leip-
SIC lat the latter end of the tar) shall have in
dcaon as to the feeling in that department. Too much
Importance may however bcattacled to fairs nowadays;
they afford only signs OF the general state of things


The result of the abOvenamed influences upon prices
may be thus stated In water twist OF all numbers
whether in warps bundles, and in mule twist and
welt below 5Os, the buyers supply themselves
cheapy by 1d to "a per h. than they could have done
this day week not from all spnners but from one or
another. In goods specially prepared for the East a
small concession would not induce business. Cloths
which have been in request for other foreign markets.
and for home consumption, to have little less of
stiffness III their prices but that is ALL and that is
not perceptble in every kind


Single yarns above 50's and twO0ld8 IN general do
not lie within the range Of the deterorating influences
The former therefore, remain firm, many of them still
hardening in value The latter steady in the lower
counts, and inclinng upward in the finer ones.


We are very willing once more to draw attention to
the subject OF complaint in the following letter from
well-knoWn firm:





SIR The subject Of sandy cotton has now become
of such vast Importance that consider it the duty Of
all parties connected with spinning to make known the
result OF their experience. We therefore, make apoO
gy for requesting you to publish this note in the Guar
dian, II the hope that others may follow the example


The three following bales were taken promiscuously
from lot of New Orleans Cotton


No 395ib net, yielded in the lap 337lb; losa 58lb


No. No. g. 687ib Ssh $6sib. S565


These facts require no comment from us. We may
add that no lnduc ments in price will again tempt TO
touch sandy cotton" and others will act upon the
continue a practice so disreputabe as it must be
injurious to their character and interests ours, &c,


WILLM. HOLME & BROTHER.


MANCHESTER, 9th September, 1859


The rascaty here disclosed is something astonishing
In different degrees however it becoming quite
mon. he question is how is it to be dealt with?-
The subject s believe taken up in the United States
but it must be taken hand in this country aso it
cannot be efectualy checked. Messrs w. HOme and
Brothers advice is not to touch cotton aduteraed
but were informed by previous correspondent that
samples do not always betTay the presence of sand 1t
seems that generally every bale has outer coat
ing OF pure cotton the admiXture being thus diluscd
through the inner mass Ii, with every lot OF cotton
offered for sale, there list OF the bales showing
the weight of each, the buyer would put his mark opo
site all which might be of unusual weight or their sizes
very nearly all ake and decline to take them Such
list, however, is not given ana we were told by the
highly respectable correspondent just referred TO- that he
had in vain demanded


On all hands we hear also that the brokers employed
by spnnes cannot be got to stand up for the rights Of
their principals in this matter 1t is surprising that this
should be SO. An agent must find his interest in doing
the best he can for his principals and in being Jealous
to do so should at least presume much except in
the case mot one) in which he endeavors
to two hostile masters by standing in the
lous position of both buying and selling agent 1t can
hardly be supposed that the Liverpool buying brokers
are not that TO exhibit habuaI indifference about
the interests of the great and powerful body for whom
they act is sure to provoke, or later determina


on to break through their close and snug association
"a determination which, under conceived circumstan-
ces, would most assuredy accomplish its object


AN UNCOMMON INDICTMEEv.-A CoYNoN ScoLD.-
the Anderson Is o. Gazette in its reports oil the fall
c term Of Anderson Court says:
e "1he most interesting case was, "The State u.s.