The Sun.
London, England, 1866-05-05 00:00:00

STA"' E OF TRADE.

MANCHESTER, May 4.—There is no alleviation of
the gloom which has been gradually settling upon
this market for some weeks, and the advance in the
Bank rate of discount, by further depreciating the
value of cotton, has only intensified the feeling of
depression and distrust which exists. The prospects
of war on the Continent interfere with one of our
best markets for yarn, and the rumours of impend-
ing failures continue to induce caution both among
buyers and sellers. In the export market for yarns
we have had exceedingly little business to-day.
There are a good many offers making, but at some-
thing like 2d. per lb. below the quotations at which
spinners are willing to sell. These, however, are
offers which are not entertained. The market
closes very quiet, with a slight inclination to lower
prices. From home-trade yarns the market has
been quiet, and prices agein are in favour of buyers.
Manufacturers are still very cautious in their
operations, and buy only to keep their machinery
moving. The cloth-market also continues to give
way. The depression has continued all the week,
and day by day prices seem to decline. To-day,
owing, as is supposed, to the difficulties in the
money-market, buyers appear to have been holding
entirely aloof from business, and will scarcely make
an offer. The reports from some quarters of the
market are scarcely so gloomy, but generally they
are very discouraging.
NOTTINGHAM, 4th.—We had about an average
attendance at our Exchange-hall to-day. The de-
mand for lace yarns assumed a quiet tone, and the
prices of Tuesday were supported. The business
done in hosiery yarns was entirely retail, previous
rates being generally quoted. Silks very firm in
price, but scarcely anything doing. The inquiry
for brown nets was extremely dull, and the ten-
dency in prices, if anything, was downwards.

SHIPPING INTELLIGENCE.—This Day.

LEY ELECTRIC TELEGRIPM. I
GRATESEND, Saturday Morning.
Arrived—Princess Royal, from Havre; Camillus, from
Alexandria; Aurora, from Christiania.

Dom," Saturday Morning.
Passed—Medora, screw steamer, from London, for Car-
diff ; Margaret and Mary, of Carnarvon, and Miss Hunt of
Camarvon, from the west, for the north ; Hero of Shore-
ham, from the north for the west; Cornelius Grenello, from
New Yo rk;Fasce, from Trieste ; Irt, from Lisbon; Nim-
rod,from
Villa Nova; Colleen Bawn, from Alexandria;
Sarah Black, brig, from Algoa Bay ; Ocean Belle, brig,
from the west ; Sclavonia, from Alexandria ; Toftcombs,
from Demerara—all for London ; Clayton, and Symmetry,
from Aquillas, for Shields.

PEACE OR WAIL—We have reason to believe that
active negotiations are on foot with a view to the assem-
blage of a Congress to determine the vexed questions
which are at this moment the cause of so much anxiety
and danger to Europe.--Morning post.

HER MAJESTY'S VISIT TO TILE lIIGIILANDS.—Iier
Majesty the Queen is expected to leave 'Windsor Castle
for Balmoral on or about the 17th inst.

NEW POTATOES.—NearIy 100 packages of this
excellent root had arrived at Weymouth up to Thursday
last by the mail steamers from the Channel Islands, being
the first consignment to the London markets this season.
THE PROSPECT AT WASIIINGTON.—The Washing-
ton correspondent of the New York Commercial writes as
follows :—Meanwhile there is a decided improvement in
the aspect of affairs here, and those who but a week or
two since were denouncing each other now show a desire
to conciliate. The President, while at Lieut.-General
Grant's reception on Friday night, was approached by
Thad. Stevens, who offered his hand and courteously paid
his respects, and other Radicals also saluted the Chief
Magistrate. At the circus, yesterday afternoon, I noticed
Senators Hendricks and Trumbull, seated side by side,
laughing at the nonsense of Dan Rice, while a score or so
joof y d other
togCe thesnue of different political opinions, en-
cg of the woukeye.