The Sun.
London, England, 1854-06-07 00:00:00

MANCHESTER RACES

(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)
MEISLAM HANDICAP.

Hazlenut..

Bianca .

Seven ran.
SAPLING STAKES.

Lord Alfred
Sicily

Six ran.
UNION CUP.

Snowdon Dunhill

Eighteen ran.

LATEST BETTING.
UNION CUP.
3 to 1 agst Little Harry.
9 to 2 agst Tpyee.
8 to 1 agst Miss Agnes.
12 to 1 agst Catspaw.
15 to 1 agst any other.

ARRIVALS AT ASCOT._Kugaton, Comfit, Hospodar,
and Grapeshot.

STATE OF TRADE.

(From the Manchester Guardian of this day.)

MANCHESTER, June 6.—That change for the better
in our market, which showed itself last week in a
general tendency to regard yarns and goods as having
receded to tore ably safe prices (for a time safe,
at least), has been inducing buyers to venture upon
increased operations from day to day. The India
merchants have purchased the lighter descriptions of
goods to a fair extent ; in yarns also they have done
some business. The home manufacturers have
given orders for yarns with—some degree of free-
dom ; and the continental houses have done a little
more than the little they were previously doing in
warps, pincops, and bundles. The home dealers in
goods have likewise begun to show themselves at last
among the sellers of domestics and other cloths.
The business of )ast week was done al rates dightly
above the lowest since the decline commenced ; and,
. on such terms* considerable operations would have
been entered into to-day. But spinners have demanded
an advance of id. per lb., and in some instances, even id.
for the medium and lower counts of yarns ; and manufac-
turers have required something like a corresponding rise
in several kinds of cloths. This has imposed a decided
restriction upon the transactions of the day. Buyers
perceive that this upward move springs, in a
great de-
gree, from the advancing tendency of the Liverpoolicot-
ton market ; and, being very sceptical about the re-
ported destruction of cotton by frost, and seeing that in
spite of such report "middling" was quoted as low as
74c. to 7ics at New Orleans, they are extremely wary
in their conduct, and not at all disposed to join in any
temporary action upon prices here which could really
benefit no class but that of the cotton holder. How-
ever, there is an improvement to this extent—
buyers have gained so much confidence that they would
operate with a moderate degree of freedom—sufficient
no doubt to clear away the stocks that may have accu-
mulated—at the prices which producers were accepting
or were willing to accept in the early part of last week,
but which the buyers were not prepared to give. This
amounts to a small practical advance ; and it is
such an advance that has been realised to-day
—anything beyond that has been obtained
but very partially and for small matters. The
greatest success has been in 24s and 28s warps, in some
kinds of pincops, and in low numbers of mule. We may
here state that ourattention has been called to an instance
of the loose and inaccurate way in which the condition of
our market is reported even in such a paper as the Times.
Under date of June 3, in Monday's publication, the Man-
chestercorrespondent of that journal says it is stated dthat
" one firm has placed orders for 1,000,000 pieces of cloth !"
Anything more outrageously extravagant we have never
heard among the exaggerated statements often current
on our Exchange. It is plain that some wag of a ware-
houseman has been amusing himself by hoaxing the
writer. But the value of the accounts which are given
of the Manchester market is- destroyed. when it is seen
that they proceed from some one who, having no prac-
tical acquaintance with the trade of the place, must '
necessarily take everything upon trust, just as he may
be able to pick it up among those whom he may casually
meet about 'Change or elsewhere.
HALIFAX, June 3.—We have no improvement to re-
port in the state of the worsted trade. Very few buyers
have visited our Piece Hall to-day, and the sales have
been exceedingly limited. The yarn trade is languid.
The quantity produced is fully 50 per cent, below the
power of production, and prices are somewhat drooping.
The wool trade is almost paralysed by the feeling of un-
certainty as to the prices at which the new clip will
come into the market, and scarcely anything is
doing.

R&M:MALE, June 5.--We have had a very fair attend.
ance of buyers in the market to-day, with a very limited
amount of business transacted, at prices much the same
as those of the preceding week. The wool market has
been still, and prices firm.
HUDDERSFIELD. June 6.--The market to-day, both in
the cloth hall and in the warehouses has been very lan-
guid. Indeed little else was to be expected ; for inde-
pendently of the general depression consequent on
the state of monetary and commercial affairs, holiday
times are far from being promotive of trading in manu-
factured broad cloths or fancy woollens. And thus
Huddersfield to-day presents the apparent anomaly of
the streets filled with a well-clothed gay and joyous
throng, while the sale of the articles of manufacture upon
which their existence as it were depends, is unusually
flat. What little demand there was, has been mainly
in tweeds, mixtures, and trouserings of medium quali-
ties. The fancy vesting trade is unusually quiet. The
business in the wool warehouses partakes of the prevail-
ing stagnation.
AIAICKET NE WW—(11.1118 DAY.)

CORN EXCHANGE.
A limited quantity of English wheat was on sale in to-
day's market. On the whole the demand was steady, at
fully Monday's prices, but the amount of business doing
was small.

Foreign wheat, the show of which was extensive, move
off slowly, but we have no change to notiee in value.
In floating cargoes next to nothing was doing.
We were fairly supplied with barley, all kinds of which
were dull, but not cheaper. Malt sold in retail quantities
on former terms.

There was a very inactive sale for oats, at Monday's
decline.
Beans, peas, and flour were unaltered in value.

Wheat.
520

ARRIVALS THIS HIM.
Barley. Malt. 01It1.
:00 2,994
32,800

English ..
Irish •• ••
Foreign ..

Flour.
1,070

15,660 3,520
I--

WHITECHIPEL.

78 Oaks

Each kind of meat moved off steadily, as follows :
Beef from 30 4d to 4s 4d ; mutton, 3s 3d to 43 8d ; lamb,
4s 10ki to 5s 10d ; veal, 4s Od to 5s Od ; pork, 35 8d to
4s 8d per Blbs by the carcase.

BOROUGH HOP.
Our market is firm, and really fine hope, the supply of
which is very limited, are rather dearer.

LLOYD'S SHIPPING-(THIS DAY.)

-
LONDON, June 7.—Wind this day at Non, N. ; fresh
breeze, and cloudy.
PLYMOUTH, June 6.—Wind, Arrived—Con-
fiance, from London, for Adelaide, S:A.
PORTSMOUTH, June Ship, of about 500 or 600 tons,
apparently recently launched, was passed, bottom up, on
the 4th inst., off the North Foreland, and shortly after-
wards the body of a dead man, by the Louise Elizabeth,
arrived here from Hartlepool.
OFF DARTMOUTH, June 6.—You Stein, from New
York, for Bremen.
CARDIFF, June 6.—Sailed—Ocean, for St. Thomas.
SWANSEA, June 9.—Wind, E.S.E. Sailed—Henrietta,
for Cuba.
QUEENSTOWN,
June s.—Wind, E. • Sailed—Seabird, for
Miramichi.
CONSTANTINOPLE, May 25.—The Astrologer (s s) is ex-
pected down from Sinope in a few days, partially repaired.
There are no advices from the Dardanelles about the two
Portuguese vessels Flora and Machado.

(By SUBMARINE AND EUROPEAN TELEGRAPH.)
GRAVESEND, Wednesday, 10.8 a.m.
Wind, N.N.E. ; tide, last hour's flood ;weather, cloudy.
Arrived, 6th—Boadicea' from Eupatoria ; Fordenskeuld,
Christiansund ; Roelfina, Stettin.
Arrived, 7th—Olaf Rye, from St. Petersburg ; Jacob,
Marstrand ; Emgheden, Sudewall ; Harriet Stewart, Kul-
Hogberg ; Batavier (s), Rotterdam ; Albion (s), Boulogne;;
City of London (s), Dunkirk ; Panther (s), Ostend.
Sailed—Harmon, for Labrador; City of Rotterdam (s),
Dunkirk; Citizen (s), Bordeaux.

Dsat, Wednesday, 9.20 a.m.
Wind, N.E., fresh and cloudy.
Passed—Niora, from Odessa and Falmouth, for London ;
Brilliant, from London, for Geelong; Coquette, from
London, for Antigua.
Remains—The French frigate Psyche.

THE TIGER.—We hear from the fleet that Captain
Giffard shot the Greek pilot dead the moment the vessel
ran on shore. The English prisoners have been allowed
to send letters.
THE WAR MINISTER.—It is now understood that the
Duke of Newcastle, and not Lord Palmerston, is to be
War Minister, The Secretaryship of the Colonies will
thus soon be vacant. It is rumoured that if Sir William
Melesworth does nut step into this vacancy, he will be
offered a seat in the House of Lords. Should a peerage
fall to the lot of the only Radical member of the Cabi-
net, the electors of Southwark will of course be called
upon to select a new representative.—Daily News.
EXCHEQUER BoNDS.—With regard to the complaint
of the scrip for the new Exchequer-bonds being in in-
convenient amounts, it appears that the issue was made
after full consultation with the leading persons in the
market, and in express conformity with their wishes.
When the scrip receipts are exchanged for bonds, the
latter will be in vgiclus sznpunts, analogous to those of
"p;titetuevb4lls.