The Sun.
London, England, 1860-07-18 00:00:00

STATE OF TRADE.

MANCHESTER, July 17.—The yarn market has
been very quiet. There have been some few sales
for India, China the Mediterranean, Germany, and
the home trade, but they have been on a small
scale, and lower prices have had to be taken in
every case. In cloths there has also been but little
bu,iness. if there has been any change in prices
they have been a little easier, but hardly to a quot-
able extent. There has been a moderate business in
all sorts of cloths suitable to India and China on these
terms, but sellers disposed to hold for full prices
have not been able to effect sales. The letters from
India continue discouraging. In cloths for other
markets, such as longcloths and T-cloths, business
has been rather flatter, and in longcloths especially,
which are somewhat affected by the accounts from
Syria. There is a meeting this afternoon of Messrs.
Freeland's creditors, not yet concluded. The lia-
bilities are expected to exceed the amount at first
anticipated. Messrs. John Slagg and Co. report :
—" Since our last report there has been a steady
demand for T-cloths, longcloths, and printers, and
a fair amount of business has been done in them at
the full rates of last week. India and China
goods are still comparatively neglected ; but a
moderate business is doing in them at prices
slightly in favour of buyers." Messrs. George
Fraser, Son, and Co. say : " Our market to-day has
been without improvement, and lower prices are
accepted in many cases both for yarns and goods.
India shirtings are about lid. per piece lower than
on Tuesday last, and India yarns about id. per lb.
lower. The extent of business doing continues
limited.

LEEDS, 17th.—The cloth-halls have not been
visited by many buyers to-day, and those present
purchased but sparingly. For the season of
the year, however, and looking at the amount
of business doing directly between merchants
and manufacturers, the aggregate amount of cloth
sold to-day was satisfactory. Manufacturers,
whether small or large, continue in full
work, but some of the dressers and finishers
are rather slack. Prices of both cloth and wool
are firm, unless it be that some kinds of mantle
cloths, rather over the season, are lower.

ROCHDALE, 16th.—There have not been many
transactions in wool to-day, owing chiefly to the
lowness of stocks in the hands of dealers and the
high prices asked. The flannel trade is active.
Not only is there a fair business doing in actual
purchases of goods for immediate delivery, but good
orders are being given out for autumn and winter.
The advance in the wages of the operatives, and
also the increase in the price of wool, necessitates
an advance in the manufactured article, which rather
checks trade, and causes manufacturers as well as
merchants to act cautiously.

„
PRICE OF GOLD.—The quotation of gold at raris
s about at par, and the short exchange on London is 25.121
iper £1 sterling. On comparing these rates with the Eno.-
fish Mint price of £3 17s. 101 d. per ounce for standard
gold, it appears that gold is about 2-10ths per cent. dearer
in Paris than in London. By advices from Hamburg the
price of gold is 423 per mark, and the short exchange on
London is 13.3 f per £1 sterling. Standard gold at the
English Mint price is therefore about 1-10th per cent.
dearer in Hamburg than in London. The course of ex-
change at New York on London for bills at 60 days' sight
is 1091 to 109/ per cent., which, when compared with the
Mint par between the two countries, shows that the el-
chan
change is slightly in favour of England • but, after making
allowance for charges of transport and difference of interest,
the rresent rate leaves a small profit on the importation of
gold from the United States.

It is stated that the workmen in the employment
of the Mining Company at the copper mines of Bon-
inahon, amounting to several hundred persons, have
struck for higher wages. Fearing injury might
result to the property of the company, who have very
expensive machinery cud much valuable otatcrie/
in the neighbourhood. a party of the reserve con-
stabulary force in the Phoenix-park were despatched
last night to Ben mahon, to reinforce the local police.
THE PARTY RIOTS IN THE NORTH.
According to all the local papers the excitement in
Lurgan is still at white heat, and grave apprehen,
sions appears to be entertained of another outbreak
between the rival factions. The battle of Derry-
macash on Thursday last shows pretty plainly
what might follow from anytt:ing like a general
arming of the people, while it fully justifies the
course taken by the Government in regard to the
Irish volunteer movement. It is clear that the
time has not come when it would be prudent to
recommend a change in the Act of Parliament,
which denies to Irishmen the right enjoyed by the
people of Great Britain. •