Witness Ofmob, Thursday Morning. Impatient, yet cautious. There is witnessed the ex ercise of these somewhat contradictory qualities ir. the present aspect of this market. The first- a common characteristic of stirring, energetic men of business has been in full exercise since our last, puzzlea en quiry existing respecting- the quiet that persistently prevails, and for which no satisfactory reason can be assigned. Confident anticipations of amendment i.c , of enquiry becoming- more active— have been en tertained for some time. But, with the summer season now advancing, trade still continue-: dull. Dis appointed of improvement last month, a change for the better was. corifidently expected with this ; but lethargy still prevails — happily, we can add, and nothing: more, There Li no want of confidence on the part of the merchants ; they show no timidity. That comes all from their constituents— purchrsers alone shyatlaige transactions. A phase of things which, how everwenuyaccountforit.is.wetakeit.asignofanabsur- ingaiid healthy kind. An unusually protracted period of unbroken commerdal prosperity, it is mooted about, mu<t be drawing to a close— a time of stagnntion, a crisis, must now be expected — and on no better a foundation than this crude and really baseless idea, traders have become nervously timorous aud cautious. Merchants, on more comprehensive grounds, have been ajtiug cautious also, reducing importations with the first indications of overstocking- seeking so to adjust their shipments that such possibility might be averted. The failing off to a limited extent of the Customs revetive of the port, our friends may have remarked. It is the proof of the policy importers have beeu pur buinar. But, instead of regarding it unfavourably we receive it as evidence of that calculating forethought which seeks to maintain, on the whole, a permanently prosperous condition, while varying in its degrees from dull to brisk, by such adjustment as is possible be tween supply and demand.
