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Of this I 400. .OOO fell due on the 18th April, and was renewed by an additional deposit of R225 900 Pennsylvania per cents. The interest was paid.-- The transaction was looked upon as very dsadyanta- geous to the Stockholders.

 In the manufacturing districts there was no im- proyemcnt. The favorable news from China Tn rela- ton to the probable recommencement of trade with that country did produce any favorable results, on the contrary the prices of yarns and goods in Man chester had undergone further depression, and as regards spnners, manufacturers and retailers, the prospect was very discourag,ng. The Bankers Cir cular, journal always disposed to put the hest face on affairs, has the following

 'Such is the scarcity of money or such is the for- midabe barrier of dstrust, that even opuent manu- lecturers have been during the last three weeks strained to sell portion of their stock to provide the of paying wages and current retail expen ses. It is not the needy alone who seek capitalists in their exigences, but persons of stand ing and well ascertained property go to them for im- mediate relief. This, we believe, is altogether new and ugly feature in the trade of that important manu- featuring district because such sellers have no hope of heinz able to prsduce goods at less cost. The material having risen in price since those were produced, upon which present sacrifices were made"

 The cotton market has exhibited the effect of this state of things. In the week cnd.g on the l2th, American descriptions of the lower sorts declined In tho first part of the week ending on the l9h pri- ces improved , but again fell of, making fall of from our last advices. The transactions III each week were as follows