The Sun.
London, England, 1862-05-14 00:00:00

STATE OF TRADE.

MANCHESTER, May 13.-1 f our market was in-
active last week through the absence of advices ex-
pected from America, the news so little anticipated
of the fall of New Orleans has not improved the
state of things. In cotton at Liverpool the usual
official telegram says there is no change, but private
telegrams say prices are in favour of the buyer. In
this market the effect of the American account is
somewhat counteracted by the advices per letter
and telegram from India and China. In India, at
the date of last advices, they would have acquired
the knowledge that there was at length a lessening
of exports hence, and the markets had improved.
As the accounts from this country of sendings would
continue to show the desirable change to which we
have adverted, it is anticipated that we may con-
tinue to hear further improvements, and this belief
has led to a more cheerful feeling than was expected
We have not had an improvement of business sine
last week, but things are no worse, and Manufac-
turers are still inclined to hold with much firmest:.
Many sellers are inclined to treat the news from
America lightly, and express an opinion that it will
not lead to an increased supply of cotton ; but this
is not the opinion of merchants, or, if it is, they do
not back their confidence to that effect by opera-
tions in the cloth market. The impression of some
of our shrewdest men of business (some of whom
have private agents in Charleston and New Orleans)
is that the blockade will be rased on the
fall of these ports, and they say there can
t onlyat,
be little doubt that if the Mississippi is opened
many of the planters, who are much pressed
instances
for money, will undoubtedly ship all the cotton they
can on the first opportunity. Not only has the
Manchester cloth.market been inanimate to-day,
merchants declining to buy (except, in same cases,
toex
psurepspsilyn
g a pressing
in
ngWntliannt
quantity), but yarns have also been remarkably
quiet. There is, however, notwithstanding, little
wants, and
tan then
ces hi n
whatever small
or no decline in prices. Spinners are very firm,
may be tho prospects in the future of a better sup-
ply of cotton, there is every probability that prices
must yet go higher before relief comes. The market
is much firmer than was •
anticipated, though no
actual business is doing for any quarter. Messrs.
John Slagg and Co., in their report of this day's
cloth market, say
There is not the slightest
change in the k mar et to report since Tuesday last.
There are later accounts by telegraph to hand from
Bombay and
Calcutta, showing a further slight
improvement in both
markets, but they have not led
to any improvement here. On the whole, the market
continues exceedingly fiat, but so far there is no
disposition to give way in prices."
LEEDS, 13T11.—The alight improvement noticed
in the woollen cloth trade here last week is main-
tained, but it has not at all been increased. To-day's
markets in the cloth-halls have been steady in tone
and price, and quite an average amount of business
for a Tuesday's market has been done. The home
trade is more lively than of late, and the foreign
trade is no worse. The manufacturers of heavy
goods are better employed than they were a month
ago, but there is still a good deal of both hands and
machinery only partially employed.
ROCHDALE, 12TH.—This has been a quiet market
for flannels. Manufacturers are indisposed to make
any abatement from the current prices, or more
goods would have been sold and orders given out,
as there were buyers present who made offers. Still
nearly as much business was done 00 last week.
but
Fancy flannels command the most a ttention
ordinary goods for the
rather more is doing in plain
et it
home market. Yorkshire goods
moderatel nosteadbetter
sale than of late. Wools keep y y
Little or nothing has been done in the new clip,
and staplers are endeavouring to clear out their
' stocks, which are low, befoie it comes in.

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Then
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:lc rfr: sMt being,
:)
a
in all the distinctness nolifailtii.:,lic
d
was lit up—every object standing out as
nintenso darkuees the
might be compared,
ttbwhi
associationrmhai gt ll bright tihgabh sutiinlndi
onidffgjtgi
exhibited,y
marvellous. In a moment, front themselves was strikill ; and
as though studdedea .4transept assumed the
brilliant luminous
wtriliti.tthh the additional
aeNtrdieadi:niistdocint(iheni vividness
only possesses—brighter far than the sun.
rnedwillithuthmeiirnated, all their beautiful propor-
tionsto the southern side we looked out upon the expanse that
lay before us; here the scene was magic in its character,
From intense darkness—flittod at rapid intervals—every
iiiioluliotteosfddiisaintincotnda:d dazzling.
as
object, statue, fountain, tree, shrub, torraco, and the dis-
tant country t
be described by language. We never before witnessed
anything s 0 peculiarly beautiful and grand.--South Eastern
alzet(e. to Sevenoaks, in brilliancy that can scarcely