The Sun.
London, England, 1863-05-02 00:00:00

STATE OF TRADE.

MANCHESTER, May I.—The quiet feeling perceptible in
our yarn market on Tuesday continued throughout Wednes-
day and yesterday. It has in a great measure disappeared
to-day, and more business has been transacted. The de-
mand has principally been in yarns suitable to India and
the Mediterranean, and more business has been done at the
extreme prices asked on Tuesday. The market generally
wears a more cheerful aspect than it did in the early part
of•the week. With the more recent advices from America,
and the explanations given by Earl Russell, the fears of an
embroilment with the United States, which hung so heavily

on Tuesday's market, seem to be for the moment disappear-
ing, and people have more courage to operate. In some
quarters it is reported that there have been more offers for
top yarns to-day, and prices have recovered from the ex-
treme depression in this class of yarns which existed on
Tuesday. The market for yarns generally closes firm, with
a tendency to higher prices. In cloth also a better demand
appears to have sprung up. Both yesterday and to-day
there has been a more active inquiry for all kinds of goods
suitable for the India trade, and a considerable business
has been effected, at a shade better prices than could have
been obtained on Tuesday. Printing cloths are rather
quiet, but for the class of these goods suitable to India
there has been some inquiry. and sellers< shovi more firmness
as to price. There is not much doing in cloths foi the home

trade, and sellers for most markets, except those in the east,
report business quiet. In the report of Tuesday's market we
gave an extract from the export tables of Messrs. J. Pender
and Co., showing the great increase in our exports of cloth
and yarn to India during the early part of April, as com-
pared with the three months preceding. The figures were
given correctly, but instead of saying for " the first 16 days
of April," it should have been stated that the returns were
for "the month ending 16th April," as compared with the
three months previously.
CARDIFF, April 30.—The coal trade continues moderately
buoyant, and the shipments this month have been consider-
able. The Dare-valley colliery proprietors will shortly ship
largely at this port. There is no change to report in quota-
tions. The iron trade remains without material alteration.
A large iron work is about to be erected on the site of the
old NV hitchureh coke works, and it is expected some hun-
dreds of hands will be employed. The Nlelin Griffith tin
works have just been started after a stoppage of about two
years, and employment will thus be afforded to a number of
men. There are not many orders at present on the books of
the ironmasters, but upon the whole things are in a fairly
satisfactory state. The inquiries from the continent have
not as yet come up to expectation, but as the season advances
it is expected that an improvement will be experienced. "
LEEDS.—The Leeds Chamber of Commerce report as fol-
lows of the state of trade during the month of April : "The
threatening aspect of European politics, arising chiefly from
insurrectionary movements in Poland, and the fear that the
peace of Europe may be thereby disturbed, and still more
the unsatisfactory state of the relations between this court
try and the American Federal Government, have had con-
datable effect in causing an extreme degree of caution in
mercantile operations. During the past month the woollen
cloth-markets have been very quiet. This is to some extent
always the case at this season of the year, the spring trade
being nearly over. The principal business has been in light
fancy goods, and fine plain cloths. The demand for fine plain
cloths has been unusually good for the season, and it is
hoped there is a prospect of a revival of this, formerly the
principal branch of manufacture in this town. In the
warehouses rather more business has been done, but the
demand for the London and Irish markets has been
very limited. The country trade has been more satisfac-
tory. The manufacturers in the neighbourhood are
tolerably well employed, most of them preparing for the
winter trade. The shipping trade has not been brisk.
Since our last report the colonial and foreign wool
trade has been generally very quiet. Consumption is
going on at the average rate, and stocks are moderate in
consumers' and dealers' hands. The sales in London com-
ril 30), and comprise about 85,000
menced yesterday (Ap
bales. The attendance of home and foreign buyers
was large. Prices generally were rather lower than
last series, though the best descriptions appear to command
rates equal to March. In flax a fair amount of business
has been done, principally for immediate consump-
tion. Prices have been rather unsteady, but on the whole
decidedly in favour of the buyer. The stocks in the hands
of dealers are very light, but as the Baltic is now open
fresh supplies may be very soon expected. Fine foreign
tows have been almost entirely neglected, and difficult of
sale. Home-made tows have been in better demand, par-
ticularly light sorts. Medium and common cedillas have
been in fair request, and there has been no material altera-
tion in prices. Hemps have been very dull. The spinners
continue in full work, but orders are scarce with most of
them, and a reduction of price has had to be submitted to
to effect sales. Threads continue as before. The demand
for the better classes of iron has been dull, but the
makers of merchants' and lower kinds of iron are mostly
very busy. The machine trade continues good, but some
of the makers are not so full of orders as they were during
the last few months. The engineer tool trade is on the
whole better, some of the makers having received consider-
able orders, some on Government account. The makers of
locomotives and railway plant generally are well employed
on contracts likely to last for some time months. The cut
nail trade is brisk, both for home and export The leather
trade has been very quiet during this month. Prices are
without alteration, with the exception of heavy sole leather,
for which somewhat lower prices have been submitted to.
There is little accumulation of stock. There is no new fea-
ture to report in the seed trade since last month, and prices
continue unaltered. For rape oil there has been a fair de-
mand for the season. Linseed oils are scarce, and are much
wanted, and prices are well supported. Cakes have, in con-
sequence of the late dry weather, been in better demand.
Olive oils have advanced in price, and the rates from the
Continent are reported higher, with an advancing tendency,
owing to the unfavourable appearance of the growing crops.
Tho paper trade continues dull ; most of the makers are
working short time. The supplY has been good during the
month. Prices have been rather unsteady, but have rallied.
Number shown (five markets)—beasts, 2,506; sheep, 15,900.
There has been a fair supply of wheat, which has met a
brisk demand, and prices have advanced about 2s. per quar-
ter. Barley, especially firer sorts, has been in fair demand
for the season. Oats and beans continue as before."

OTTINGuAm, May I.—There was a moderate attendance
on change to-day. The demand for lace yarns, howe%er,
was slow, and prices remained without any material change.
For hosiery yarns the inquiry was also inactive, but holders
maintained late rates. The demand for brown nets was again
flat, and coarse sorts were offered at less m oney than last
week. Superior qualities were no lower, and are not likely
to be. Spun silk very firm ; other sorts were a shade easier

The Echo Honfleurais states that a new line of
steamers is expected to be established to run between Hon-
flew and London. One of the motives for the new line is
the extensive trade carried on between that port and Eng-
land, and particularly in eggs.

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HER MAJESTY.

OSBORNE, May 1.
To-day is the anniversary of the birth of his
Royal Highness Prince Arthur.

Her Majesty and the royal family arrived at
Osborne yesterday et ten minutes past six o'clock,
having crossed over from Gosport in theroyalyacht
Fairy to East Cowes.