The Sun.
London, England, 1859-09-15 00:00:00

STATE OF TRADE.

♦
LEICESTER, Sept. 14.—There is still a good busi-
ness doing in most branches of hosiery goods of a
useful character, and the demand generally is very
active. This buoyancy in the market has continued
for some time, and future prospects are encourag-
ing. All the framework knitters are fully engaged,
at remunerative wages. The hosiery trade at
Loughborough and Hinckley is in a healthy state.
Wools continue high, the spinners are well em-
ployed, and yarns are selling at full prices.
NOTTINGIIAM, Sept.l4.—The lace trade continues
quiet, and business this week is not more active
than last; indeed, in some branches there is hardly
so much doing. The home demand is languid, and
orders for shipment do not come in fast. Plain
articles continue principally in request. There has
been a falling off in muslins and cotton laces. The
silk lace trade is without material change. In the
hosiery trade the demand for most kinds of fancy
goods continues ; in these articles (suitable both for
the present and forthcoming quarter) a good busi-
ness is expected to be done ; orders already received
are numerous. The Americans have been giving
orders for the spring ; and, altogether, trade is in a
satisfactory state. Stocks are light, and the opera-
tives are fully employed. The yarn market con-
tinues firm.

CHINA.—The mercantile letters from China gene-
rally concur in the view that the renewal of hostilities will
not be attended by any material interruption of trade. At
Shanghai it is said the natives are greatly annoyed at what
has happened, the majority of them being peaceful well-
wishers to the progress of commerce. There is, conse-
quently, thought to be no danger of the good relations with
them being disturbed. A conviction is expressed, how-
ever, 'that the English Government will have to send out
a very large naval and military force. A blockade of the
various ports would soon, it is believed, bring the Emperor
to submission; but this, by depriving Great Britain of a
heavy portion of its Customs revenue, would be equal)/
disagreeable for both parties. The question, however,
is suggested whether the English should go on Ming
duties to the Chinese, which at Shanghai alone amount
to L 500,000 per annum • but in that case retaliate
tin
gency has to be considered' that the Chinese might recotali
by ordering an entire suspension of business with foreigners
at the 'various ports, although such a measure would be
fatal to themselves, since it would practically have the same
effect as a blockade. The American
the question with considerable interest,
theyeres must adhere t merchants regarded
since the United.
States authorities had decided h
lite-
rally to their own treaty stipu, that
without regard to the
course of other Powers, so that they might be compelled
to pay while the Englisk escaped ; but the difficulty, sup-
posing it to arise, would doubtless be met by easy expo-
dients. It was generally considered that the news of our
defeat would pass expeditiously through Russia, and in
one letter it is remarked, ‘ IsTodoubt you will receive in-
telligence from St. Petersburg'‘long before you get this."
If the event was known early at that capital it has been a
secret well kept.
EDINBURGH UNIVERSITY.—At a meeting of the
Town Council, at Edinburgh, on Tuesday, it was resolved
to elect Sir David Brewster to the chair of Principal of the
University, vacant by the death of the late Principal Lee.
:The damage done by the fire in the cathedral at
rambrai is estimated at 350,000 fr., and none of it is covered
by imurszee.