The Sun.
London, England, 1865-01-11 00:00:00

STATE OF TRADE.

MANCHESTER, Jan. 10.—The market opened ex-
ceedingly quiet, but the interpretation given to the
news by the North American steamship caused
some slight improvement in the afternoon. In ship-
ping yarns there was nothing doing in the early
part of the day, but a report from Liverpool at noon
that the American steamer brought word there were
only 13,000 bales of cotton, instead of 33,000, in
Savannah had the effect of improving the feeling in
the market. The published telegrams say nothing
of this, but the report, whether well or ill-founded,
taken along with the news of the failure at Wil-
mington, has had a good effect, :and towards the
close of business the holders of yarns showed more
confidence, and there was more disposition for
business. In home-trade yarns also the downward
tendency of prices was checked, but the little busi-
ness done was at 2d. to 3d. decline on the highest
prices ruling in December. The cloth market
opened very flatly. The publication of the stock
account in Liverpool at the end of the year, show-
ing a great excess of quantity, and the recent news
of Federal successes, combined, had induced buyers
to withdraw from the cloth market, and there was a
total indisposition to operate up to the middle of
the day, and though the news by the steamer has
somewhat improved the feeling among sellers
it has not led to an im-
paroclvoedthbusasinaemsso.ng spinnThereersh;ve been no additional
offers for cloths, and there is no improvement as re-
gards values. Prices are fully as low as at the close
of last week, but, on the other hand, manufacturers
do not appear disposed to press the sale of goods so
as further to affect prices. The market has been
extremely flat.

LEEDS, 10th.—The weather has been damp and
unpleasant, and has in a slight degree checked the
attendance of both buyers and sellers in the cloth
halls this morning. For a Tuesday's market a mo-
derate business was done, and that in ordinary plain
cloths, as well as in spring meltons and tweeds.
There is little improvement in the demand by both
the home trade and the export houses, and the pros-
pects of the spring trade are generally deemedsatis
factory. The country manufacturers report that
they have a fair amount of orders in hand, though
ao c
thtaenngde.
rather less than in brisk times.
kinds there is a
in the price of wool, and for most
had aTlcr moderaten
steady demand. The flax trade is moderatelyfuiltime.active,
and the principal mills are runnin,,
NOTTINGHAM, Wth.—N• e
ance on 'Change to-day, and the demand for lace
limited, at about ld. per lb. below the
rates was
rates of last week. The inquiry for hosiery yarns
was dull, and prices had a tendency to recede. For
silks higher prices were paid. The demand for brown
nets was very inactive, and prices, if anything, were
rather in favour of the buyer. •
ROCHDALE, 9th.--The flannel trade keeps rather
quiet, purchases being
smaller quantities than
Is usual. To-day's market
has been but thinly attended by buyers, and the
amount of transactions
was comparatively small.
The goods bought
were of a miscellaneous character,
including
a fair portion of both heavy and light
fabrics. Prices, however, were well maintained.
Little was done in Yorkshire goods, many of the
manufacturers of such, having agreed to attend the
new market opened last Saturday at Halifax, were
not represented. There were, however, a fair num-
ber present. In wools there is no change. There
is a quiet demand at late prices.

PRESERVATION OF IRON PLATES ON SEAGOING
VESSELS.—The French iron-clad frigate Invincible has
just been taken into the dry dock at Castigneau, which has
afforded an opportunity of judging of the efficacy of the
system applied to that vessel for preserving her iron plates.
A band of zinc, which by isolating the electric currents
guarantees the plates from that green coating which causes
injury, has transformed the nature of that vegetation, and,
instead of a casing of marine herbs; there was found at-
tached to the frigate's bottom a fine collection of corals.—
Gal/Fuld.