The Sun.
London, England, 1869-05-05 00:00:00

STATE OF 7RADE.

MANCHESTER, Tuesday, Mly 4.—So little busi-
ness has been going On since Friday last, that the
downward tendency of prices still continues, and
this market to-day has been dull, if not depressed.
Still prices give way slowly, and producers are
extremely dogged and stubborn about making
further concessions. The consequence is that
transactions are few, and the amount of busines;
done very limited indeed. Buyers have more choice
of most descriptions of yarn and cloth afforded
them, but cotton, especially the better qualities, has
given way so little (in fact it is more questionable
whether such kinds are not really dearer) that
spinners cannot give way further, unless forced to
do so through sheer necessity. On Saturday, as is
frequently the case on that day, sellers declined
some offers, hoping for an improved demand in the
beginning of the week. This, however, has not
been the case, and today the demand is quite as
languid as it was yesterday.
HUDDERSFIELD, Tuesday.—There has been a fair
attendance of buyers here to-day chiefly represen-
tatives of Irish and country houses. One or two
London buyers have also been present, but these
have almost confined their attention to job lots.
Regular market goods of all kinds at fair prices
continue very slow of sale. Manufacturers of first-
class fancy trouserings and coatings, however, for
the most part keep well employed, and their mills
are likely to be kept running with orders for
some time to come. The shipping trade con-
tinues dull in all branches, and the demand for
unions and cheap woollen fabrics is still very limited.
There have been several failures here of late in the
spinning trade to considerable amounts. There has
only been a quiet business doing through the week
in the local wool trade.

MIDDLESBOROUGH, Tuesday.-- Comparatively
little business haS been transacted at the ironmas-
ters' meeting here this morning. Deliveries of pig
iron are going on freely, both coastwise and foreign.
The local demand for foreign purposes is also good
and improving, the rail mills and foundries being
well employed. Makers of pig iron are mostly well
sold. Prices are—No. 1, 435. ; No. 3, 455. ; 6d. ;
No. 4, 445. 6d. net cash. Stocks in makers' hands
and in the warrant stores are decreasing, especially
the latter. The arrangernen t concluded at Darling-
ton on Saturday, by which wages have been set-
tled in the finished iron trade for a period of eight
mouths, (It an advance of 5 per cent., has given
general satisfaction and confidence to the trade.
liar iron remains dull. Plates and angles are in
fair demand.

NorrINGTANt, Tuesday.—With a moderate at-
tendance on 'Change this morning the demand
maud for yarns was below the average. Quotations
were not materially altered, but the inquiry was
languid, and the tone of the market was decidedly
unfavourable to sellers. Fine yarns in good quali-
ties remain steady.7The demand for silk is rather
dull. Good Italian finds buyers, and there
is a moderate quantity of spun selling, but there is
comparatively little doing iu other. kinds. Orders
for plain nets are of a limited character, and prices,
though steady, are less firm. Fancy lace goods
are in fair request for the home trade, and in the
manufacturing and finishing departments most
hands are fully employed.

MAY 5

69. c.

CORRESPONDENCE FROM PARIS.

(FRO)! OUR OWN CORRESPONDENT.)
PARIS, 'Ft ESDAY, May 4.

1 The Temps is very angry about the candidature of M.
Devinck,for the 2nd Paris circumscription. This gentleman,
who is to oppose M. Thiers, first announced himself as a can-
didate, then withdrew, and has now finally consented to
stand. The Temps thinks it the most impudent candi-
dature in the country. M. Devinck is a highly respectable
man, a chocolate maker, and so far is eligible enough. But
he is a member of the municipal council of Paris, he is one of
the municipal budget commission, and, of all men, is most
intimately connected with the mauceutres by which Baron
Haussmann succeeded in spending a large sum of money
before asking the consent of the Corps Ltigislatif. In
fine, M. Devinck represents Baron Haussmann's
administration, which was condemned root and
branch by M. Rouher himself. To put up such
a man as the official candidate for the much injured
city of Paris is audacious. In the opinion of the
Temps, the municipal council were, more than Baron
Haussmaun, to blame for the irregular expenditure of
money. They ought to have looked after the Baron, and
they neglected this duty. The Temps hopes that the
electors will treat M. Devinck as he deserves.

The Constitutionnel does not allow its new politics to
rust. It has commenced giving lessons to the Govern-
rnent respecting what it ought to do, and it makes no
secret of its opinion that the Emperor is now doing what
he ought not to do. Yesterday it remarked that a free
choice of deputies, or, in other words, the abolition of
official candidatures, was essential to the prosperity of
the country. " Any other system would end only in
blinding the Government ; it would sleep in treacherous
security, and expose itself to mischances which it could
not avoid, because it would not be warned by the free
manifestation of opinion." As the Government
has so far plainly expressed its intention of
keeping up the system of official candidatures, the
inference to be drawn from this sentence is palpable.
The late semi-official organ tells the Emperor that by
ignoring free election he is exposing himself to the risk of
a revolution. After this delicate intimation, the Condi-
tuttonnet lets the Chamber in for a piece of its mind, tells
it that it is servile, does not represent France,
and is merely the curtain to hide the real state
of the country from the sovereign's eye. It is
scarcely necessary to add that the Liberal papers all pub-
lish this exordium with the utmost glee. They will find
something still stronger for their quotation to-day. M.
Gabiat, the manager of the journal, publishes his
election address as the candidate for the 4th cir-
cumscription of the Dordogne. lie is particularly anxious
to assure the Government that he is a partisan of
liberty without revolution, but this is about all the con-
solation he has to offer. He says the nation desires the
crowning of the edifice, and can attain that end only by
naming representatives " who will defend its rights, and
not servilely truckle always and everywhere to the will of
the Imperial power." M. Gabiat's address would
have been insignificant enough at any other time;
nor is there anything particularly fine in M.
Mitchell's articles. But the Constitutionnel was of all the
official and semi-official prints the most respectable, and
to the authorities the most valuable. It was prosy,
and it commanded no great audience. But it did
not, like the Pays, disgust the public and damage the
Government by its frantic violence. It was decorous; and
its loss is a serious affair. There is no doubt, as I said
yesterday, that the Government, especially the Minister
of the Interior, is greatly irritated at this defection. But
there are many who believe that the Constitutionnel is
supported by the Emperor, and that a change of front is
contemplated. It is noteworthy that a curious article has ju st
been published in the Potpie, liouher's paper, pleading
that the greatest reforms are those which Ministers have
at first contested. The example of the British Govern-
ment is cited. Some say that this article was written by
M. Rouher himself.

The authorities worked themselves up into a terrible
fright about the appearance of the Rappel. This paper,
conducted by Victor Hugo's two sons, and supported by
Victor Hugo himself, Rochefort, and other anti-Impe-
rialist men of mark, was forbidden the kiosks before it
was published, and every effort was made to stifle it
altogether. The first number, however, contains nothing
formidable. It is far from being a good specimen of
printing--it is bad, in short, even for a Paris paper—and
it contains nothing more remarkable than a rhetorical
firework in M. Hugo's worst style. There is nothingof the
memorable Lanterne type from M. Henri Rochefort.
The accountant appointed to examine the books of the
Union Insurance Company in order to ascertain the
amount of Taillefer, the cashier's depredations, has
finished its labours. As usual, the sum is larger than at
first stated. The process of swindling has been going on
since 1861, and the total deficiency attributable to Taille-
fer's operations is nearly £60,000. Of this sum M. Jules
Pic, the manager of the defunct Etendard, is supposed to
have received about two-thirds. This large sum could
nut, however, have been entirely sunk in the semi-official
paper—of that there is now no doubt. M. Pic applied a
portion of it to his personal affairs.

Whilst the driver of a mail-cart at Marseilles had
turned his back for a moment, two or three fellows stole
several of the letter-bags, containing some enclosures of

great value. They got clear off, and the whole city had
to be ransacked before they could be discovered. They
were at length found in an obscure cellar, quietly opening
the letters, which were strewed in heaps all around them.