The Sun.
London, England, 1863-11-11 00:00:00

STATE OF TRADE.

been rather easier to-day. Sellers are asking the same prices
a sllt Ihle Ny cd Hi
dE
oSnT EFitr, i
d Nov.b ultop.
ct buyers
t find
mt ahrekye tkayohas
a little advantage. This is accounted for partly by the flat
accounts to hand from the Liverpool cotton market and
partly by the uneasiness which exists respecting the money
market. In bundle yam prices are tolerably firm, and there
has been a fair amount of business done for India, at the
extreme prices of last week. All kinds of hank yarns are
firm, the spinners of them being to a great extent under
contract. On the whole, a rather quiet market is reported,
and the aggregate business for all quarters has not been
large. In cloths there
has not been much doing since
--F
Foicrally cop
last Tuesday ; and there has not been much change to-day.
Buyers have shown but very little disposition to operate, and
the sales have been extremely limited. Where sales have been
effected they have mostly been made at lower prices. There is
no very great pressure to sell either on thepart of the manufae-
turers er holders, but manufacturers in nearly all cases are
willing to make very fair concessions on the prices they re-
cently quoted for the purpose of effecting business. This
applies to the generality of India fabrics, and, indeed, to
cloths of all descriptions, with the exception of 45-inch
shirtings, which appear to keep their value better than most
other goods. Messrs. John Slagg and Co. report :—" Our
market since last Tuesday has been most inanimate, and
though there was, perhaps, yesterday a slightly more cheer-
ful feeling, the business to-day has been trifling. We cannot,
therefore, test the actual decline ; but in most cases manu-
facturers would be willing to make some concessions on our
quotations." Messrs, John render and Co., in their semi-
monthly circular for India, dated yesterday, say that China
shirtings (including figured and brocaded) and Calcutta
goods have been in small demand during the past fortnight.
They quote Bilb China shirtings at 21s 6d to 22s 61 per
Piece. For Bombay there has been a moderate business.
39-inch Glb shirtings are quoted 16s to 16s 3d ; 71b ditto,
17s Gd to 18s 3d. 45-inch have been in good demand, and
are still wanted ; 71b command 18s Od ; 81b, 21s 6d to 220 ;
and 91b. 25s 61 to 25s 9d. Long cloths are quoted 2s 6d to
2s 6d per lb for ordinary quality. T-cloths are quoted fronl
dull,
28. 5d up to 2s7id per lb, according to quality, but ars
hed
and in little inquiry. Common 40's yarns, they sobete f
331 d yesterday, and best were quoted 36d per lb.
of
LEEDS, 10th.—There has been a moderate attendance
of
buyers in the cloth halls this morning, but
the
amountm-
business done was not largo, purchases being
tweeds,ve and rYuch con
fined to miscellaneous lots of heavy fabrics,
or-
dinary black cloths. Neither the
export nor the home
trade was so brisk as we lately had to report ;
but the general
tone of the trade is cheerful, and manufacturerstl s are all
are well
employed. Wools and. other raw
the
prierraiaces o f
all kinds firm in
price, and the same may be said as to
The flax trade is very
of woollen and union fabrics.
d linen keep brisk,
and the prices of thread, yarn, ailwith an advancing.
The raw material also is very
high,ad its Upward ten-
cotton,
consequent high
dency. The scarcity of
flax trade very price, havo stimulated the Y much, and the
vere, perhaps,
flax milbi of this town N never busier than
they are at present. The flax trade here is in the hands of
. ,
firms.
a few large and wealthy
NOTTINGnAg, 10th.—Thero was a fair attendance of
merchants and manufacturers at this Exchange-hall to-day.
but the demand was quiet, the advanced rate of discount
at the Bank of England causing buyers to hold off. Con-
sequently, only a limited business was done either in lace
or hosiery yarns, and prices were nominally unaltered,
Very little change in silks, There was rather more doing
in brown nets, and prices had a tendency to harden.
ROCHDALE, 9th.—There has been a moderate attendance
of buyers in the flannel market to-day, and they bought
freely, chiefly of heavy goods. The finer qualities are not
selling so briskly as we lately had to report, but some pat-
terns are in active request. The manufacturers are all well
employed, and stocks aro within a very reasonable compass
in their hands. There is no falling off in the demand for
Yorkshire goods, which sell well at high prices. Other
goods, too, as also wool, keep firm in price.

The Price of Gold.
—_,,-.--

The quotation 01 gold at Paris is about 2 per mine pm., and
the: short exchange on London is 25.25 per £1 sterling. On
comparing these rates with the English Mint price of £3
10/d. per ounce for standard gold, it appear that gold le
About 1-10th per cent. dearer in London than In Paris.
By advices fromllamburg, the price of gold is 420 k per mark
and the short exchange on London is 13.41:per £1 sterling.
Standard gold at the English Mint price la, therefore, about
5-10ths per cent. dearer in Hamburg than in London.
The course of exchange at New York on London for bills At
60 days' sight is, about 161 per cent., and the premium on
gold is 46} percent. At these rates there is a small profit
on the importation of gold from the United States.

LONDON, WEDNESDAY, NOV. 11, 1863.

As we are going to press we receive by the sub-
marine telegraph the text of the autograph letter
addressed by the Emperor NAPOLEON 111. to the
Sovereigns of Europe. It is far finer, oven, because
yet more forcibly outspoken, than his remarkable
address the other day when inaugurating the new
session of the Legislature. It is conceived in a
noble spirit throughout. Read it—and answer if it
be not ! Look boldly and honestly at the words writ-
ten down thus by the hand of this powerful ruler,
Who, when already EMPEROR, deigned not to speak
of himself, several years back, otherwise than as a
parvenu among the Sovereigns. It is true that
there is a tone so ominous as to be almost
sinister, in the bold allusions thrown out in the
earlier part of this letter, as they had been more
vaguely already thrown out, the other after-
noon in his speech, in reference to dangers of a
most serious kind now impending imminently
over Christendom. But they are ominous, from the
force of circumstances. What is sinister in them
Comes from the momentous peculiarities of the
situation. NAPOLEON 111. is plain enough, in all
to the
it must be allowed in what he says, as
which
situation, as to this crisis or juncture at
we have arrived. "We are threatened,"
ha says to his cousins, the Sovereigns, quite frankly
e are
threatened with a danger, so much the
more
by
eiviZald,tolble because the improvements effected
a which have bound the peoples toge-
ther by "a identity of material interests
,1,,,1id
render a
not wait, beforeictakar still more destructive. Let cs
sudden and irresi.ng our part, for [mark this !]
lodgment and drawtible events to disturb our
contrary direction:, us,
despite ourselves, into a
in anything of au lath°. shall say that there is
—with Poland strui'ie any exaggeration ?
and for the death, in theg now, for the life
brutali gßussia rasp and
under the yet more brutal
heels ,
with Italy standing, daring these
of
last few
years, (and still !) upon the alert
her heart burning
° her For
Ivithiarnarredablrecaadpy-
-1 pie,other changes than those which ha,e
been effected in the Roman Peninsula
That the
danger is imminent, who shall deny ?
It has been
increasingly imminent for some years pam.....ever
since 1818, in fact—ever since the strife began,
now overt, now latent, (a strife always the more
deadly when thus intermitted and suppressed) be-
tween the revolutionary party and the reactionists.
Returning to the EMPEROR'S letter, however,
after the solemn warnings addressed to himself, one
might say, not less than to the other Sovereigns of
Europe--how do we find NAPOLEON expressing
himself upon what is in truth the real subject-
matter of this extraordinary and cost exceptional
communication ? We find the French EmrEnon.
opening up his thoughts with a manly
simplicity
of frankness that has about it a majesty far beyond
the ordinary circumlocution of diplomatic corres-
pondence. "Called to the t hrone"—Mr.KINGLAKE
(aon `With him, hoc genus °nine ) must grind his teeth
to reading this and just simply read on—" Called
the throne by French_eopProvidence, and the will of the
adt.ersit;, bat trained in the school of
u is perhaps less allowable for me than
for any other to ignore the rights
of Sovereigns and
the legitimate aspirations
of
peoples. Thus, I am
ready, without a preconceived to enter an
system
International Congress With,
the spirit of modera-
tion and justice, ordinarily
the portion of those
who have endured so ma»y
there is a dignity and, so to speak,us
trials." That
even
a pathos
this last
in the words we have italicised in
not to extract, 1
i
we conceive it would be difficult indeed
recognise. Continuing the remarks, however which
hive been here momentarily intereupted,
the
EMPEROR says—if it would be possible for
one moment to apply such a phrase to any
Words falling from the impassive lips of
this reputed sphinx—ingenuously "If I take
initiative in this; overture I do not yield to an