The Sun.
London, England, 1863-12-02 00:00:00

STATE OF TRADE.

MANCHESTER, Dec. I,—To-day there was a very large
business in yarn, and the market became very excited. The
contracts entered into for all descriptions of export yarn
were very large, at prices fully ld. per lb. above the rates
of last Friday. To-day a very marked change has come
over the market. The alteration for the worse in the money
market, acting upon the cotton market at Liverpool, has
been sufficient to counter-cut the effect of recent telegrams
from Calcutta and Bombay, giving very encouraging
accounts of the trade in those markets. Buyers to-day
who hold very extensive orders, which they were desirous
of placing, have been induced to withhold them through
the prospect of money becoming dearer. There has been no
business at all for India, and the market generally has been
dull. In cop yarns for the home trade there was a large
business, at an advance of fully id. per lb. on Friday's rates
yesterday, but to-day we have had an extremely quiet
market, with scarcely any inquiry for any description. The
cloth market has been fully as much affected by the change
as that for yarns. Yesterday we had a considerably better
feeling than laet week. There was an active inquiry, which
resulted in a good business for shipment to India, and a
much heavier trade could have been effected had the goods
which were principally required been in stock, and available
for export. Prices were again somewhat higher, and in-
deed sellers report that the rates obtained yesterday were
fully as high as any ever yet charged during the cotton fa-
mine. To-day, however a sudden check has been given to
this improvement, and a feeling of gloom pervades the mar-
ket. Buyers seem to have suspended operations by common
consent. There have been inquiries, but they seem rather
to have been for the purpose of testing the decline caused
by this sudden change in the market than with a view to
business. We close to-day with a very small amount of
business, and with but few offers making. Manufacturers
would doubtless be willing to make considerable conces-
sions to secure business, but buyers hold back. The impres-
sion is apparently strong, both with buyers and sellers,
that prices will be lower. Messrs. John Slagg and Co. re-
port—" The improved feeling which manifested itself yes-
terday has to day quite disappeared, and our market pre-
sents rather a gloomy aspect. The business has been otno
the most limited scale, as buyers appear quite indoPose

operate."
LEEDS, Ist.—The markets in the cloth halls have been of
an ordinary character to .day. The attendance of buyers was
much the same as last week, and the same may be said as to
the amount of business done. Small parcels of heavy goods,
light meltons, and tweeds, with a ]p
]ales
of medium
and fine black cloths, constituted the sales of the day.
Both the home and the foreign trade, so far as sales are con-
cerned, are steady, but quiet, although a little impulse is
given by purchases for Canada. The flax trade keeps brisk,
and the prices of flax, tows, yarns, threads, and linens are
all well maintained.
was a good attendance at this
NorrisGnA3t, Ist.—There
Exchange-hall to-day. Sellers asked higher prices for lace
yarns, which buyers were not willing to
give ; nevertheless
a moderate amount of business was done, and the extreme
rates of Friday were fully made. There was an improved
demand for hosiery yarns, and rates bad a tendency t,o nil_
Vance. In silks there was very little alteration. Theinguitir;
for brown nets was slow, at recent quotations.

ANNIVERSARY OF THE POLISH REVOLUTION.—
The
29th of November last, being the 33d anniver-
sary of the Polish War of Independence of 1330-31, and
saying fallen this year on a Sunday, a high mass was
celebrated yesterday in the Polish chapel, Hatton-garden.
by the Rev. 14. Chwaliszewski, for the repose of those who
perished in that memorable struggle, The service was
attended by the Polish refugees, among whom were several
Polish ladies attired in very deep mourning.