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Spring water has not yet sunk so low as it did last year-a circumstance which affords some grounds for concluding, that unless the month of March be unusually cold and stormy, the present will be a more early spring than that of last year. Appearances indeed are already in favour of this conjecture, as well as of the theory of those philosophers who have predicted a progressive amelioration in our climate. By the end of the month gooseberry bushes had begun to unfold their leaves; the wheat crop which had suffered from the heavy rains is rapidly recovering, and vegetation promises soon to be very vigorous. The temperature of the ground, three feet below the surface, was, on the 5th, 38.8, and by the 25th it had risen to 40. On the same days last year it was at 37.5 and 38.5. METEOROLOGICAL TABLE, extracted from the Register kept on the Banks of the Tay, four miles east from Perth, Latitude 56° 25′, Elevation 185 feet. Fair days, 12; rainy days, 16. Wind west of meridian, 20; east of meridian, 8. 25th, .082 12th, .093 METEOROLOGICAL TABLE, extracted from the Register kept at Edinburgh, in the Observatory, Calton-hill. N.B. The Observations are made twice every day, at nine o'clock, forenoon, and four o'clock, afterThe second Observation in the afternoon, in the first column, is taken by the Register noon. Thermometer. M.35 .360 M.38 Calm. Clear. M.39 23 M.36 A.30 24 M.32 25 A.25 M.44 28.994 M.401 A. 25 12. N. W. M.38 A. 25 Clear, S. W. Do. S.W. Clear frost. M.37 S. E. Cloudy. .689 M.38 .327 M.41 .281A.38 .218 M.38 .660 M.41 14{ M.35 .733 M.371 A. 30.754A. 37 } | 28M-33 .190 A.36 A. 30 .135 A. 37 S. E. Cloudy. Average of rain 1.7 inches. COMMERCIAL REPORT.-11th March 1819. Sugar. THE Sugar market has been heavy, and the prices rather on the decline. Some large holders, however, seem not inclined to sell at the present prices, and an advance is therefore looked forward to. Considering the quantity on hand, it is difficult to say what is the cause of the unusual dulness in the market for this article; but the most probable is, the great pressure in mercantile concerns in general, which has thrown a gloom over commercial affairs, and therefore keeps buyers out of the market for any thing except for immediate want. In the Refined market there has been a considerable request for good brown lumps. The inquiry for Foreign Sugars continue, but few actual sales have been effected. Molasses may be purchased cheaper.Cotton. The market for this article may still be stated as exceedingly dull, and prices considerably on the decline. The want of money has occasioned some sales to have been made at low rates; but from the quantity on hand, the quantity coming to market, and the prices in America, it is probable that Cotton will yet decline in price, though not in such proportion as it has for some time done. The quantity imported, during the two first months of the present year, is 73,919 bales and packages-being 7,386 bales and packages more than during the corresponding period of last year. Unless some check is put to the importation of this article, prices must decline, so long as the supply continues so greatly to exceed the demand. This demand is no doubt increasing, and all the branches of Cotton manufactures are in full activity.Coffee. There are several inquiries for Coffee by private contract, and in this article there is every appearance of an improving market. St Domingo, Brazil, and Jamaica, have chiefly been inquired after. East India has also been in request.The late fall in this article has brought a considerable number of foreign orders. In consequence of this, Kentucky's have risen about d. per lib. However, we cannot well expect any material improvement in the market, from Continental orders, as it is reported that very considerable stocks of Porto Rico are on hand.-Corn. The Grain market may be stated as dull, and the prices on the decline. The Provision market is very dull, and Pork may be purchased cheaper. Mediterranean produce continues very dull. Brandy has declined greatly in price, and may now be supposed as having seen the lowest. Geneva is without any material alteration. Although there has been no large sales of Rum, yet the inquiries have materially increased, and the market appears improving.-Wine is rather on the advance, particularly Port and Madeira. In none of the other articles of merchandise, usually enumerated, are there any alteration or movement worth noticing. -Tobacco. Since our last Report, and as we therein anticipated, a general gloom and want of confidence has overspread the commercial world. The pressure upcn some branches of our trade has been very great, proceeding from the causes we there detailed. That pressure continues, and will yet continue for a short time. We are mistaken if it lasts long, and are also convinced that the greatest danger is over, as there is every prospect of permanent tranquillity among the nations of Europe. In an extended trade like ours, difficulties must at times arise; but these are but of short duration, and though injurious to individuals, yet seldom fail to open up new and safer channels for national industry. The public funds, which have considerably declined in consequence of the alarm, are beginning to recover, and there can be little doubt but they will steadily advance to a high price. From all we can perceive, the sum for the service of the year is provided for without loans, or touching the sinking fund. Last year, leaving untouched that fund, the deficiency of the revenue to the expenditure was £12,000,000. The surplus revenue, and improvement in it, was nearly equal to four millions. The expenditure, we learn, was lessened two millions. These, taken together, make six millions. The Chancellor of the Exchequer states his intention to be, to take six millions from the seven millions of unclaimed dividends remaining in the Bank. This will give him, when joined to the saving and additional revenue, £12,000,000-a sum equal to last year's deficiency, even should this sum not be increased by a farther improvement in the revenue, and a still farther diminution of the national expenditure; which, however, to a certain degree, may be confidently anticipated. Much unnecessary alarm and trouble is occasioned by the subject of the resumption of cash payments. If it is supposed that the immense trade of this country must and can only be carried on by a circulating medium of gold and silver, the mistake will soon be discovered, and the delusion vanish. No circulating medium we could procure of this kind would enable us to carry on one half the trade we now do. The fact is, gold and silver are in themselves purely mercantile commodities. They have their value like every other article of trade, and will continue to have it in every commercial country, in proportion to other articles of trade and industry. The circulating medium best adapted for any commercial country, is that which can be conveyed or transmitted from place to place at the least possible expense, and with the greatest safety and facility. Our present circulat |