The Sun.
London, England, 1855-12-12 00:00:00

STATE OF TRADE.

MANCHESTER, DEO. 11.
There has been a firm and healthy tone in the market,
and for yarns there has been, in addition to a good gene-
ral business, a fair demand in both mule and water twist
for Germa, y, in India counts and qualities of mule, and
in cops and warps suitable for the home trade. Prices
are not quotably higher, but sellers have obtained prices
which were given with reluctance last week, and in some
cases refused. Water twist, suited to the China market,
is very scarce. Yarn for manufacturing purposes may be
considered about id. per lb. higher.
In cloth there has not • been so much activity as in
yarns. India skirtings aid madapollams are scare*, aid
manufacturers having withdiawn their stocks yester-
day, in consequence of the hardening state of the Li-
verpool cotton market, for higher prices, buyers have
held back a little. There is an impression that as soon
as the large quantity of c,tton and wool afloat (esti-
mated at 150,000 to 170,000 bags) can get into Liver-
pool, the present upward tendency in the value of that
article will receive a check, and buyers of manufactured
goods are holding back accordingly. At lest week's
prices sellers of India cloths might have done a fair busi•
ness. In good T oloths and some other kinds of domes-
tics there is a moderate business, and prices generally
are well sustained. For China cloths the demand is
good at rather higher prices, and they are very scarce.
The tone of the market is very healthy.
LEEDS, DEC. 11.
The markets for woollen cloths here this morning have
been of quite a seasonable character, as well as to the
amount of business done, as to the kinds of goods sold.
The tone of the trade is rather better than at the close
of the past month ; but, except a few purchases for the
United States, actual business is confined to small orders
for the home trade. In the aggregate, however, more
cloth has changed hands than on this day week. The
fall in the price of corn, and the amount of empleyment
for artisans, manufacturing operatives, and labourers
throughout the kingdom, give grounds for anticipating a
fair trade during the winter months. Wool continues
very steady in price, being folly as high as the manu-
facturers can pay with a reasonable chance of obtaining
remuneration for their outlay and skill in the production
of goods.-
The report of the Huddersfield cloth market to-day is
of a satisfactory character, more goods having been sold,
and a Getter feeling having prevailed than at the pre-
ceding mat ket. Steel doeskins and mixtures of a better
quality than what have lately been inquired for have
been in fair demand. There is no noticeable change in
the price of either wools or manufactured articles.

THE RU_Ii()URED PEACE PROPOSALS.
LORD PALMERSTON.

-
What passes at Cabinet Councils is presumed to be
kept a profound secret ; and yet, somehow or other,
things do ooze out, and become the subject of conversa-
tion in favoured circle,. Persons, who have friends in
the Cabinet, spoke very plainly last night, in the West-
end, as to what they alleged to have taken place at the
Cabinet Council yesterday. It is stated that a majority
of the members of Lord Palmerston'e Administration
were in favour of actually intimating to Resale that the
Western Powers were ready to receive proposals for
putting an end to the war, and at the same time letting
her understand that they were disposed to accept of such
proposals as she need have no hesitation in offering. It
is added that Lnrd Palmerston decidedly refused to ac-
cede to either of these propositions, and took care to
leave no room for any one present to doubt that, rather
than become a party to the suggested course of proce-
dure, be would prefer resigning at once, We are fur.
ther assured—ant have no reason to doubt the accuracy
of our jam-illation—that the noble lord is even prepared
that England should proceed alone with the war, ea-
suming what is so generally stated to be true—that Louis
Napoleon is prepared to accept itbecura and dishonour-
able proposals of peace From the resistance offered to
hie lordship's intended procedure by a majority of his
Cabinet, it is the opinion of his personal friends that he
ought at once to resign. We hope he erill. In that case,
before the Christmas holidays are over, he will be borne
back to the premiership on the shlulders of the people,
and become the must powerful and popular minister of
modern times. —M orning Advertiser.

STATUE TO JAMES WATT AT
MANCHESTER.

Yesterday morning a meeting was held at the Town.
hall to originate a subscription to erect a publio 'Wu*
to James Watt, the inventor of the steam-engine. The
suggestion originated with the Manchester Literary and
PhiCosophical Society. The Mayor presided—and there
were present also Sir John Potter, and Messrs. W.
Fairbairn, C.E. ; Thos. Bazley, Richard Roberts, C.E. ;
W. F. Bateman, C.E. J. C. Dyer, J. C. Harter ;
Oliver Heywood ; W. Entwitie ; Principal Scott (Owen's
College) ; Henry Houldsworth ; J. Peel ; A. Finley;
W. C. Calender, and T. 11. Neville. The statue is to be
a copy Of that by Chantrey, in Westminster Abbey, and
is to be placed in the large area in front of the Royal
Infirmary, in company with those of Wellington, Peel,
and Dalton. The subscriptions announced at the meet.
ing were 19 of 10/ , and 10 of 51. each.

THE KING OF SARDINIA'S VISIT TO THE CITY.—Mf•
Bunning has been presented with a very handsome die'
mond ring, by the Marquis d'Azeglio, by order of his
majf,ty the King of Sardinia, as a memorial of his Ma-
jpsty's approbation of the decorations at Guildhall on
the 4th December.
THE WANDERER IN ARABIA.—The numerous readers
of "The Crescent and the Cross" and " Eotheu" have
another treat of oriental adventure presented to them by
the publication of Mr. Lowth's " Wanderer in Arabia's
—a book which, for the liveliness of its descriptions, and
the novelty of its incidents of travel, is likely to become
as popular as its predecessors. The author, a gentlema
of family and fortune, is said to have possessed many
advantages as a traveller i❑ the East, which will accouat
for the interest to be found i❑ the narrative of his adven•
tures,