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

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PRICE.... ....... 4d.

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STAMPED

bodies.

..rseli:l7lppOtting in nearly all the articles of food
for man and beast. The lands of the colony are
applied to the use for which nature designed them,
and the consequence is that there is less of that
unprofitable process—ploughing the waves by shiji3
'-eighted with what we can produce at our own
people of England who take note of
what is passing before their own eyes will be able
to understand how this change operates. In pre-
vious years wheat and oats were actually shipped to
os from Livorol, to supplement our :,upply from
the Pacific shores of Soat Anwri,-;i1, and
offing colonic. le the prc;:ent scar we arc
ensided, from our :-;opel'abloplAne-, to pill 01
supplying the wants of Europe. But our export
grain trade must have time to grow. Great things
cannot be expected from it in its first year. Before
long we 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,
ships had to go away empty. The freight-
age bore a small proportion to the tonnage.
It is not so in the present year. Our imports
have decreased very much, but our exports arc
much larger, both in value and bulk. Ships
are not so numerous, but they arc better filled
both in coining and going. Shortsighted people,
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 a 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 anadmissiou
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 awl the House of Lords ; hut as these are
not defined, it is not matter of surprise that the
framers of the constitution act should not haveich been
able to set out in precise terms that wh
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
have
in future, so that the local Legislature should
English precedents to guide it ;
and that the stand-
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, and a bill
giving effect to the amendments made in both houses
was introduced by Air. \radon, 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, has
been withdrawn. The opposition it met with was
too strong. The.
thßomanechucreahthoofherbnoodayndwewreereal ntoo-t
gether against it;
ial,oitustfiatvooun h
r t;ae partndtlier o there
any he
was
ontogrroelfittheentrheuslighilositilis

STA rE OF TRADE.
-- AP--
MANCHESTER, 13th.—We have had a very strong
and active market to-day in shipping yarns, and a
good business 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
for the
has been done since last Tuesday
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 shirungs©
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 g and any attempt to advance
eneral run of India cloths we find business re-
stricted at former limits,
upon them checks operations. The fine weather
has imparted a more cheerful feeling, but we close
-day
to with a small business and without establish
ing any quotable advantage er last Tuesday's
rates. The home trade is still languid, and, though
the prospects of the harvest are better, it is found
not
that the large country houses are disposed to
finding that the country drapers
operate largely,
are only doing a very restricted business, in conse-
quence of the wide-spread losses occasioned by the
stoppage of limited companies and banks, and in
consequence of non-dividend paying railway and
other concerns having interfered sadly with the in-
comes of county families, who bad hitherto suffered
little from such causes. Messrs. John Slagg and
Co. report of to-day's cloth market :—" Since last
Tuesday buyers have operated pretty freely, at the
rates current during the previous week. There is nq
disposition to follow the advance demanded to-day,
and though our market present s a more cheerful aspect
we close with but a limited btisiness."
LEEDS, 13th.—There has been a moderate atten
and
d-
ance of buyers in the cloth ha this morning,
fully as much business was done
as on this day week.
The weather has become very w m, so that corn
ar
will now ripen fast, and the harvest prospects are
consequently improving this state of things
. With
a slightly more cheerful tone was
shown by the
but their operations were not
home-trade buyers ;
very extensive. A moderate degree of activity was
manifested by the representation of some shippinc,
houses, and take the market as a :e'ohyllorelinec,esnbloioltblhstailns
obtained,
itthewqasuasnattiitsyfaoctfogryoo.dsTsioiledcahniedf twh
og
district are as well employed as at any
times r
t du
time,
n i
the present year, yet some are running h
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.
ROCHDALE, 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. ,roods ooh goods trade was also
quiet, and few g ahnged bands. The wool
trade remains steady as to price, but Rianufacturers
purchase sparingly, more to satisfy immediate than
'wospective wants.
lect

..----...----
COMPOUNDING FOR. RAT ES.—Thc Liverpool S.',
Vestry yesterday, in view of the
passing of the Reform
Rill, unanimously resolved to confirm" the following
eeo reso-
e-
lution ,f the Finance Committee : That it be r
mended to the general Board to direct that efforts be inado
to collect from the occupiers the full rates due in respect of
all property iu the parish, and that notice be given that for
the future part paymnts by owners will not be received
as a full discharge of the liability of the occupier."
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