It would appear from tho following ox tract, culled from another paper, thab an attempb has boen made to start in op position to tho South Sea Island (juano trade. A very large number of the rocky islets in tho Southern Pacific aro only valuable on account of their guano deposits. Tho working of this has been a trade in which tlio well-known Mr J. T. Arundol has boen engaged almost exclusivoly for many yeara past. He has now many depots scattered about, and i_ will be pleasing to noto thab there does not seem any probability of opposition, ou account of tho inferior quality of the American stuff. According to a San Francisco daily, " Tho owners of tho British barque Martha Fisher, lasb year, boing unable to got a return cargo ab Victoria, 8.C., decided to take a load of Alaska guano to England, thinking ib would bo sold as easily as tho guano obtained from tho southorn Pacific islands. Tho barque was loaded and arrivod in England, bub the guano did nob meet with the favour expected, in facb, the experimonb was far from a success. Cap bain Meadowcrafb, who was presonb whon bho. hatches wero lifted, says thab tho smell would euro tho influenza with one sniff. Aftor the cargo had boon discharged no one cared to handlo it, and when the Martha Fishor lofb Liverpool laßt Fobruary ib was still in a heap, and was for salo at tho purchaser's price. Evon if the guano had been sold, there would nob havo been much profit lefb for tho owners, as after tho barque was discharged, ib took tho crow a couplo of months to cloan hor. Sho had to bo cleaned and painted before sho could bo reloaded."

THE LABOUR TRAFFIC.
