The Sun.
London, England, 1864-09-17 00:00:00

STATE OF TRADE.

11.1aarcnEsTErt, Sept. 16.—The yarn and cloth market
continues very flat and depressed, and without anything
like a panic feeling prices continue to decline. There is
hardly business enough doing to test the market fairly, but
on Tuesday, so. far as prices could be tested, sellers might
be fuund who would accept 4id (and in some cases Gd) per
lb less than the late highest prices for yarns made from the
better qualities of cotton (including Bolton spinnings), and
an average of 3d less for the commoner qualities. Long
cloths, T cloths, and shirtings were 2d to 3d per lb cheaper
and on Wednesday sales were made at %decline of 31d per
lb from the highest price. During Wednesday advices
from Liverpool. th .t cotton had given way another Id per
lb, tended still further to depress the market, especially for
yarns, as shown at Blackburn, where the stoppage of looms
which has taken place to a considerable extent, and is still
geing on, produced an additional effect on spinners. Indian
telegrams on Wednesday had also a discouraging effect on
the yarn and cloth market. At Calcutta, on the 22d of
August, the prices of both cloth and yarn were lower, and
nothing done. At Bombay, on the 23d of August, 91b
shirtings were 61 per piece higher, and light T cloths,
madapollams, and yarns were rather dearer; but 71b and
811 b shirtings were at 3d to Gd decline per piece. Yesterday
some offers were made, but at still lower prices. This day
(Friday) business is quite as flat in shipping yarns as on
Tuesday, and still lower prices would have to be taken to
effect business. The total decline to-day from the highes
rates is estimated to be equal on the average to 4d and 6d
per lb on yarns made from Surat cotton, and Gd to 8d per lb
on yarns made from long stapled cotton. About sales,buyers
say it is not so much a question of price as that buyers have
made up their m nds not to operate. Certainly, great as the
decline is, there is no disposition to operate. In home trade
yarns the market is equally flat. There is no business, and
prices continue to decline. The decline since Tuesday has
been quite ld to 2d per lb. In cloth the decant)
in value has been about in the same proportion, and there
has been no improvement since Tuesday, but still there has
been more inquiry on the part of buyers, who, it is thought
are feeling their way as to what can be done. In some cases
buyers have been making offers, and though these offers
have been at very low prices, the fact seems to have been
accepted by the trade as a good indication. In some cases
business has been effected, but it has been small in amount ;
and as the decline going on from day to day in cotton still
further decreases the value of manufactured goods in stock
the operations taking place are at very low rates. It is only
at low rates that buyers can be at all induced to operate,
and even then their purchases are limited to small quanti-
ties. It is difficult to get at the actual decline where opera-
tions have not taken place, but 71b shirtings that were ISs
Gd some weeks ago, can now be bought for 16s, and 84lb
shirtings, which have been at 225, may be bought at 19s.
Some people speak of even lower rates ; but these are quo-
tations which would be taken and in some instances Lave
been taken. The present inactivity is said to proceed partly
from the dearness of money and partly from a disposition on
the part of buyers to bide their time for the lowest point.
CARDIFF, 15th.—The iron trade maintains the firmness
evinced last week, and orders are coming in pretty freely.
So many furnaces being blown out in Staffordshire tends to
strengthen the market, and the prospect of peace in Aa.erica
is looked forward to hopefully, and once concluded there
will be a vast increase in the iron exports to that country.
The scarci'y of water has completely passed away, and the
works are, as a rule, on full time. In steam c )al bu,iness
continues brisk, and exports are above the avertge. Mer•
chants are well supplied with orders, and, in fact, they Lave
quite as much as they can do to meet the requirements of
buyers. The scarcity of ceasters materkily checks tke house
coal trade, and the c)lli,rics are no', in consequence, as
rceularly- employed as might be wished. Coke remains
without change. The shipbuilding trade is brisk, and there
is no lack of employment at the
.) ards.
NOTTINGHAM, 16:11—Thao was a moderate attendance
at this Exchange to-day, but the business doing was very
small, the high rate cf discount at the Bank of England
checking Speculation in any kind of goods. Si:ks, yarns,
and plain nets underwent no material change.

POLICE INTELLIGENCE—Sept. 16,

MANSION-HOUSE.

Charles Brown, a lad about 15 years of age, was brought
up on remand, in custody of Police•constable Underwood,
before the Lord Mayor, charged with being concerned with
James Harding, a lad about his own age, in forging and
uttering a cheque for £350.

Mr Muilensappeared to prosecute, and Mr Stoddart ap•
peered for the prisoner.

The lad Harding was tried and convicted in June last for
forging a.34e1 uttering the cheque in question, and was sen-
tenced to five years' penal servitude. Harding was in the
service of a gentleman named Watts, having offices in the
City, as a clerk, and on the 6th June last he gave a commis-
sionaire a cheque for £350 purporting to be signed by his
employer, and told him to go and get it cashed, and to take
the money to Mr Harding, giving his father's address, some-
where in the Whitechapel-road- The forgery, however, waa
detected. and upon examination Mr Watts missed five other
cheques from his cheque-book. From what Harding has
since divulged Brown was apprehended in Whitechapel by
detective officer Bull and the officer Underwood, and Harding
was brought up by writ of habeas as a witness against him ;
and he stated on oath that Brown induced him to take the
cheques, and that they were to practice imitating Mr Watts's
signature together at a place called the Effingham Saloon, in
Whitcchapel, and at an ice-shop close by that place, and
that the prisoner Brown himself filled up the cheque for
£350, for which he had been convicted. He likewise added
that they filled up between them a cheque for £lOO, before
the on© for L!5O was presented, but that was not plOl, as
it was signed Watts and Oust, Mr Watts's account being
kept in his own name only. The evidence of Harding was
somewhat borne out by the evidence of another lad, from
whose evidence it would appear that the prisoner Brown
had likewise been endeavouring to induce him to forge his
master's signature ; but he declined to do so, or to have any
further connection with him, and subsequently acquainted
Brown's employer, who discharged him. In the course of
the evidence it appeared that Brown and Harding had formed
some rather wild plans, provided they were to get the money,
Brown proposing to dress himself as a young lady, after
which they were to cross the sea together.
The prisoner, who was smirking and smiling during tlao
whole of the proceeding, was committed for trial.

THE FRENCH OPERA.—At the Opera M.
MermA's " Roland a Roncevaux" is now in general re-
hearsal, and will probably be brought out next week. A
new soprano, Mlle. Sannier, made her debu last week in
" La Favourite", but met with a cold reception, as is too
often the case in that house, where little or no sympathy
is usually accorded to a de'butantc. Mlle. Sannier is agree-
able and engaging in person, but her voice is deficient in
power and flexibility.

To FLOAT AND TO SWIM.—To float, is to be sus-
tained on the surface of a fluid by the force of spccifie
gravity. A solid object, dropped into a liquid, displaces
a quantity of that liquid exactly equal to its own
weight—no more. If the size of the object be greater
than the size of an equal weight of the liquid, it is clear
that it cannot entirely enter into ,that liquid—it can-
not sink, that is—it floats on the surface. The object is
lighter than the liquid ; its specific gravity is less. Thus,
lead floats on mercury, iron on melted lead, the majcpity of
woods on water, and cork on spirits of wine. To float is
scarcely an action—inanimate objects float. A buoy floats.
A corpse floats. To swim is to move at will on or in a fluid.
Swimming is aided by, but is not entirely dependent on,
specific gravity. Many fishes which have no bladders are
heavier than the water they swim in. They may almost he
said to fly in water, To swim, therefore, is the action and
effort of an animated organism. A dead duck 11 rata ; a l'lta
duck swims.—lfickols's "All tie rcar Round,"
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