The Sun.
London, England, 1863-06-03 00:00:00

STATE OF TRADE.

MANCHESTER, June 2.—The yarn-market has
been remarkably quiet to-day, but spinners are
remarkably firm, and do not evince any disposition
to give way. There have been some large offers
made for yarns, at about ld. per lb. decline on the
terms of last week, which have all been declined.
This market, as well as the Liverpool cotton-market,
has been unfavourably affected by the news to hand
per City of New York steamer. Some of the pri-
vate telegrams received here respecting the Liver-
pool cotton market led to the inference that they
had possession of American news that had not
reached Manchester. Later on this afternoon it
was reported that the item of news which had caused
uneasiness in the Liverpool cotton market was that
stating the probability of 100,000 bales of cotton
reaching New Orleans as the result of General
Banks' recent operations in the. Teche country, the•
quotations of cotton at New Orleans being reported
at 48 cents., and declining. Whatever may be the
cause the market here has been very inactive, for
all kinds of yarn. Sellers, however, owing to the
contracts on hand, appear indisposed to press sales,
and, with the exception of one or two descriptions
of yarn for India, which are rather weaker in price,
there is no change. For cloth, also, we have had
a quiet, dull market. Scarcely any business has
been effected. Manufacturers are quoting the same
prices as last week, but to effect sales it would be
necessary to make some concession. This applies to
shirtings and all classes of fabrics suitable to India,
as well as to printer's and other cloths suitable to
the home trade. For some weeks past the market
has not been affected by the unfavourable advices
to India, but this morning the buyers for the lead•
ing shipping houses have shown more shyness, and
the large offers making by some of them last week,
but which fell through owing to the demand for
higher rates, have not been renewed. There is some
business reported on American account from the
blockade runners, and it will be observed in the
cotton circular of Messrs. Gibbes and Co., of Charles-
ton, that there is plenty of inducements, from the
fact that prints selling here at a shilling per yard
realise in the Southern States as much as 12s. 6d- per
yard. Messrs. John Slagg and Co. report :--" Since
our last report business has been interrupted by
the holidays, and little or nothing has been done
during the week. The unfavourable accounts to
hand per telegraph from Bombay and Calcutta have
also caused buyers to hold aloof, and on the whole
we have an exceedingly quiet market; but as pro-
ducers generally are free from stocks, and in many
cases deeply engaged, there is no anxiety to sell, and
we make no change in our quotations."
LEEDS, 2d.—There has been a large attendance
of both buyers and sellers at to-day's markets. The
principal business has been done in good meltons,
for which many of the leading merchants were in-
quiring, and nearly all offered for sale were bought
up. No advance was effected in prices, but it is quite
evident that the plain trade is really very much
better than it has been for more than a year. The
demand is not confined to blacks, but indigo-dyed
blues, browns, steel mixtures, and Oxford bird's-
eye mixtures are taken in fair quantities. Three-
quarter shirtings and thin fabrics in bright fancy
colours have not much regard, though some small
capitalists chose occasionally to job in them on specu-
lation. Superfine black unions are in about the same
condition. The manufacturers are too much engaged
in working to order to bring any of their new
styles to market, but it does not transpire that any
novelties have been forthcoming beyond what have
been noticed in these reports. _

NOTTINGHAM, 2d.—At this Exchange-hall to-
ds y there was a moderate attendance of merchants
and manufacturers ; but the demand was of only a
limited character for lace yarns, and prices were
the same as heretofore. The inquiry for hosiery
yarns was also slow, and very little change from late
rates occurred. All kinds of silks were nominally
unaltered. In the brown net department very
little business was done, and recent rates may be
quoted.

ROCHDALE, lst.—To-das's market cannot be re-
ported in a better condition than it was last week.
Buyers have not attended so numerously as is their
wont, and the few who were present from a distance
made the least possible impression on the stocks in
hand. High prices are still the impediment to more
extensive sales of plain flannel; but finer and fancy
sorts are in better request. The shipping trade is
but slack, although a few orders have recently been
received. The prices of other woollen goods of
Yorkshire make remain high, though sales are not
brisk. The wool market is in a very quiet condi-
tion, and calls for no special remark.

RAILWAY INTELLIGENCE.

CHARING-CROSS RAILWAY.

A special general meeting of the shareholders of
this company was held yesterday at the offices of
the South Eastern Railway Company, is compliance
with the standing orders of the House of Lords, for
the purpose of considering the provisions of the fol-
lowing bill now pending in Parliament :—A bill for
regulating the capital and debenture debt of the
Charing-cross Railway Company, and for authoris-
ing the amalgamation of that company with the
South Eastern Railway Company, and for other
purposes. The Hon. Mr, BYNG occupied the chair.
The CHAIRMAN said the object of the bill was to
enable them to increase the capital of the company
in order to enable them to grant the lease of the
site of the hotel to the Charing-cross Hotel
Company, and to enable the South Eastern Rail-
way Company to lease this undertaking or
to amalgamate it with their own. The pur-
chase of St. Thomas's Hospital had absorbed
a considerable amount of capital, and provision was
not made for it in the original estimates, and it had
become necessary by the present bill to raise the
necessary capital. It had also been found necessary
to take steps for enlarging the accommodation pro-
vided by the railway; and indeed there was every
reason to believe that even with this third line of
rails, which had been laid down, it would be as
much as they could do to carry on the traffic to
their own and to the public satisfaction. The direc-
tors had promoted the erection of the hotel, and had
little reason to doubt that it would prove of con-
siderable advantage to the undertaking. Another of
the objects of the bill was to amalgamate the
Charing-cross Company with the South Eastern
Company. The total amount of capital authorised
to be raised was £700,000, out of which they were
empowered to subscribe towards the capital of the
hotel £65,000.

The SOLICITOR then read the heads of the bill,
and after a slight discussion a resolution was carried
approving of the bill.

Mr. SMITH said he should like to have some in-
formation as to the time the line would be opened,
as the shareholders were getting impatient at the
delay in the opening.
The CHAIRMAN, in reply, observed that their
engineer assured him that the line would be opened
in September next.