The Sun.
London, England, 1867-08-14 00:00:00

awaygo
e m PuelYl
b
neigtilvuring colonies. In the present year we are
lenaWd,•-from our superabund.ince, to join in
supplying the wants of Enron,. But our export
.0
grain trade must have time to grow. Great things
cannot be expected from it in its first year. Before
long W may reasonably anticipate that by its in-
crease prosperity of a permanent kind will be re-
stored to the shipping interest. Heretofore trade
has been one-sided. Except in the wool season,
Theex freightrt
a
r importsare
have decreased very much,
gi no i
ng. value
sahnndr t bi
guhl kt e
d.
people, Ships
are age bore a small proportion to the tonnage.
i
ships
Pis not
had
so to
in present
ibnoutchh
nlacrgnienri,ngbnottlhd.ourO
nt. o
are not so numerous, but they are better filled
who neither look backward nor forward, can-
not see the signs of the times, and suffer, not
from inevitable dulness of trade, but from their
own incapacity to adapt themselves to altering cir-
cumstances. From all parts of the interior the
most gratifying accounts of unwonted activity reach
us, and although one of the results is a temporary
lull in the trade of the metropolis, the setting-in of
a favourable reaction is as certain as the flow of the
tide after it has reached its lowest ebb. So much
for the so-called dulness of trade."
We read in the Argus, of Thursday, June 27 :
" We intimated in our last summary for Europe
that the Tariff Bill had been read a third time and
passed in the Legislative Council, but that amend-
ments had been introduced which the council ad-
mitted were beyond its legal power to make. The
whole matter in dispute as to the respective powers
of the two houses as regards bills of supply had
been previously debated in a joint committee of the
two houses, and the practical result was an admission
on both sides that the written constitution did not
fully carry out the idea which originally presented
itself to the authors of the bill. It was intended by
them, and by the country, that the two houses
should have respectively the powers of the House of
Commons and the House of Lords ; but as these aro
not defined, it is not matter of surprise that the
framers of the constitution act should not have been
able to set out in precise terms that which was
in itself undetermined and indefinite. The com-
mittee came to the conclusion that the original un-
derstanding should be reverted to ; that the practice
of the English Parliament should be strictly followed
in future, so that the local Legislature should have
aide it ; and that the stand-
English precedents to g
ing orders of the two houses should be altered to
facilitate that end. Steps have been taken for the
latter purpose, and in accordance with the under-
standing in joint committee the Tariff Bill, on its
return to the Assembly amended by the council, was
laid aside. The original resolution, authorising the
imposition of new duties, was again read, ands bill
giving effect to the amendments made in both houses
was introduced by Mr. Verdon, and passed through
all its stages in one evening. The new bill was sent
up to the council on Tuesday, where it was also
passed through all the proper forms ; and the act
embracing the new tariff only now awaits the sig-
nature of his Excellency to become law."
Melbourne papers of June 27 state that the Edu-
cation Bill, introduced by the Attorney-General,
was
has
been withdrawn. The opposition it met with
too strong. The Boman catholic body were alto-
gether against it; the Church of England were not
in its favour; and there was no gret enthusiasm
about it on the part of any other of the religious
bodies.

STAUB OF T RADE.

MANC RESTER, 13th.—We have had a very strong
and active market to-day in shipping yarns, and a
good businesi has been done at the prices of last
week. Any attempt to obtain an advance has a
tendency at once to check business most decidedly.
There has been a good general demand for these
yarns for all markets. In cop yarns for the home
trade there has also been a general inquiry at ex-
treme prices, and for yarns made entirely from
American cotton an advance on last week of fully
id. per lb. is demanded. In cloth a good business
has been done since last Tuesday for the East, but
we have little improvement in price as compared
with last week or the week before last, except, per-
haps, in the well-known makes of China shirtings.
Manufacturers are obliged, in consequence of the
firmness of cotton and yarns, to advance their quo-
tations for most kinds of cloth, but in many descrip-
tions it is only nominally, since buyers show very
little disposition to concede these advances. For
the general run of India. cloths we find business re-
stricted at former limits, and any attempt to advance
upon them checks operations. The fine
we close
weather
has imparted a more cheerful feeling, but
to-day with a small business and without establish-
ing any quotable advantage ever last Tuesday's
rates. The home trade is still languid, and, though
the prospects of the harvest are better, it is found
that the large country ho uses are not disposed to
operate largely, finding that the country drapers
are only doing a very restricted business, in conse-
quence of the wide-spread losses occasioned by
in
the
stoppage of limited companies and batiks, an
and
d
consequence of non-dividend paying railway
other concerns having interfered sadly with the in-
comes of county families, who bad hitherto suffered
little from such causes. Messrs. John Slince agg an
last
d
Co. report of to-day's cloth market :—" S
Tuesday buyers have operated pretty freely, at the
rates current during the prous week. There is no
disposition to follow the adveviance demanded to-day,
and though our market presents a more cheerful aspect
we close with but a limited business."
LEEDS, 13th.—There has been a moderate attend-
ance of buyers in the cloth-halls this morning, au
fully as much business was done as on this day we
corn ek.
The weather has become very warm,
so that
will now ripen fast, and the havest
state prospecthingsts
aro
consequently improving. With this
a slightly more cheerful tone was shown by the
home-trade buyers; but their operations were not
very extensive. A moderate degree of activity was
manifested by the representation of some shipping
houses, and take the market as a whole, both as to
the quantity of goods sold and the prices obtained,
it was satisfactory. The chief woollen mills in the
district arc as well employed as at any time during
the present year, yet some are running short time,
and the same may be said of those within the
borough of Leeds. The cloth dressers are doing only
a little less than an average amount of work.
ROCIIDALE, 12th.—The flannel market to-day
was of much the same quiet character as last week.
There was only a small attendance of buyers, and
they bought only small selections of plain and fancy
flannels, and the orders given out for early delivery
were not large. The Yorkshire goods trade was also
' quiet, and few goods changed hands. The wool
10 trade remains steady as to price, but manufacturers
purchase sparingly, more to satisfy immediate than
Iprospective wants.

COMPOUNDING FOR RATES.—The Liverpool Select
iere Vestry yesterday, in view of the passing of the Reform
Bill, unanimously resolved to confirm the following reso-
lution 9f the Finance Committee :—" That it be recom-
mended to the general Board to direct that efforts be made
to collect from the occupiers the full rates duo in respect of
all property in the parish, and that notice be given that for
lgli.eile.tislto
find
it difficult
the future put payrnsnts by owners will not bo received
as a full discharge of the liability of will
pt
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