The Sun.
London, England, 1867-03-23 00:00:00

STATE OF TRADE.

MANCHESTER, March .2.—The yarn market has
been very flat to-day for all descriptions. In shipping
yarns buyers show no desire to operate, but rather
an inclination to wait, and the sales made have been
effected at lower prices than on Tuesday. Home
trade yarns are very flat, and sellers have lost all
the improvement in prices gained up to Tuesday.
Buyers will only give the lowest prices of last week.
The cloth market is, if anything, flatter than on
Tuesday. It did not improve to the extent of the
yarn-market, though the impetus given to yarns by
the recent advance of cotton at Liverpool, but it is
now quite as inactive and depressed as it has been
at any time within some months past. There is
very little inquiry making with a view of testing
prices, even where no business is contemplated, and
the only offers making are at still lower prices than
the depressed rates which sellers are quoting. The
only fresh commercial advices affecting the market
since Tuesday are those from Liverpool in connexion
with cotton. One of the main hindrances to busi-
ness is the absence of confidence still as to the ulti-
mate prices at which cotton may be expected to con-
tinue with any steadiness..
CARDIFF, 21st.—The severe weather which has
prevailed during the last few days has proved a
great obstruction to trade, and complaints are
general of the slackness of employment. The long
continued easterly winds have prevented the arrival
of a number of vessels that have been waiting at
different points of refuge, and which are already
chartered to carry either coal or iron to the foreign
markets. For steam coal there is some movement
in the continental inquiry, and if it had not been
for the scarcity of tonnage a very fair businesS
would now be done. House coal proprietors keep
their collieries going with difficulty, the demand il3
many instances not being equal to anticipations/
and the shipments are somewhat below the returns
.
for the corresponding period of last year. Inland
buyers are taking about an average quantity. Coke
commands a slow sale, and the reduction in the
wages of the burners is expected to be carried out
without opposition. The virtual defeat of tne Ame-
rican Tariff Bill has been an agreeable surprise to
the district, for it was generally supposed that t/'
more restrictive tariff was certain to pass. It
hoped that the result will not be any falling off 13
the purchases of American houses. East India
orders are looked forward to, and home engage-
ments for railway iron are also expected. Aberatnan
works have been almost entirely stopped, and the
new proprietors intend confining their operations to
the working of the coal measures.

RESIGNATION OF THE IRISH LORD CHANCELLOR.
r-8u
itya,'7 tnlidea'B'
t.L Roredwsof yesterday states,
Chancellor, Biaekbu on "
Blackburn
shasthreesibegnsetrtho-
An AUTOGRAPH LETTER OF FRANKLIN'S Nraig
exhibited at General Sabine's conversazione. It runs thus
—" Philada., July 5, 1775.—Mr. Strahan—You are 11
Member of Parliament, and one of that Majority which
has doomed my Country to Destruction. You have begun
to burn our Towns, and murder, our People. Look 1113011
your Hands! They are stained with the Blood of your
Relations! You and I were once Friends:—You are novt
my enemy, and lam yours,—R. FRANKLIN."
THE RECTORSHIP OF ABERDEEN UNIVERSITY.---*
Aberdeen, March 22.—The installation of Mr.
Grant Duff, M.P., as Lord Rector of the University of
Aberdeen, took place to-day in the music-hall. Mr. Grant
Duff was accompanied to the platform by Principal
Campbell, the Professors of the University, Sheriff Thom-
son, and the magistrates and the members of the Town
Council. The audience, including the studente, numbered
about 2,000. Mr. Duff spoke for an hour and a half. The
address was well received, and at the close three hearts
cheers were, on the call of the Principal, given in honour
of the new rector.
CONTEST FOR THE GROSVENOR CUP.—The fiat
competition, under the revised rules, for the beautiful
challenge cup, presented to the County of Middlesex Shoot-.
ing Committee by Earl Grosvenor, M.P., commandant of
the Queen's (Westminster) Volunteers, commenced ea
Thursday, at the ranges of the London Scottish Rifles, bY
permission of Lord Elcho, M.P., and has now been brought
to a close. The prize was very keenly contested by the
crack shots who entered the lists, and was won by
Jaques, of the Caterham Rifle Club.
THE " SPORTING GAZETTE" opens for itself to-
day quite a new career, illustrated as it is in the present
number—and as it announces that it will be henceforth'''. .
the
by Phiz. Two large embellishments, in his best style,
the equestrian-comic style of " Dame Perkins and her
Grey Mare," appear in the Sporting Gazette for March '231
and pourtray most graphically, for our amusement, the
Captain
Start of a Steeplechase and au Incident in the 11unti05-

field.
®A VALUABLE PICTURE DESTROTED.--A Kan'
dalous act of vandalism has just been committed at AY'
waillo, in Belgium. A fine painting by Delacroix, rein of
senting the murder of Larnelle, formerly burgomaster
Liege, and which hung in the council hall Aywaille, `pad
found a few mornings back almost irreparably damageii
the canvas had been torn in several places, a hole, as
with a walking-stick, being made through the ceutre,
while some corrosive liquid had been thrown over the
principal group. There aro doubts whether the pictul°
re
can ever be restored. No traces of the guilty partici) 11(1
k yet been obtabied,