The Sun.
London, England, 1866-06-20 00:00:00

STATE OF TRADE.

MANCHESTER, June 19.--The position in which
the Government has been placed by an adverse vote
on the Reform Bill at such an untoward moment
and the news of an actual commencement of hosti-
lities in Germany have had a bad effect on this mar-
ket, and business has been almost suspended. The
demand for shipping yarns has been exceedingly
limited, and exporters (especially those shipping to
the Continent) have manifested less disposition to

idso
euaski ne er sa thannd p
rfiocre
sa
witnigi
at i Int Theg market
still further. In home trade yarns veryltiitetclelinbeusoi-f
eenpd asentc 'y
busi-
ness has been done, and sellers report a
id; per lb. Buyers say that in some kinds of cop
yarn they have found, practically, prices id. per lb.
in their favour. In cloth business has been much
impeded for this week past by the uneasy feeling
arising out of the fears of a war on the Continent,
which it is feared will only aggravate the evils under
which so many commercial and financial concerns
have been recently suffering, and to-day buyers
have been induced almost wholly to withhold their
orders. This branch of the market is consequently
very flat and depressed. There is a decline in al-
most all descriptions of cloth as well as of yarns.
The quotations of shirtings have in some instances
been placed at 3d. per piece below the rates of last
Friday ; and it is probable the decline would have
been much greater but for the large engagements
which have been for some time on the hands
of manufacturers, and which render them more or
less independent for the moment. Many manufac-
turers hold contracts which will keep them busy for
months forward, and, consequently, they have no
necessity to seek orders at a moment of exceptional
pressure like the present. Those in a less favourable
position find it difficult to make sales, and the market
closes with a gloomy and unsettled feeling. Messrs.
John Slagg and Co. report of this day's cloth-mar-
ket :--" The actual commencement of hostilities on
the continent and :rumours of further failures have
had a depressing effect on our market, and every
description of cloth must be quoted lower than last
week."

CARDIFF, 19th.—The orders for steam coal from
the foreign markets are coming in freely, especially
on continental account, and the exports to the mail
packet coaling stations are pretty large. In fact,
the demand upon the resources of the collieries is
'so great that proprietors have some difficulty in
meeting it, especially as at many of the pits the men
cannot be got to work regularly. The inquiry from
the home market is also considerable. In house
coal the consumption continues about the same as
during the past fortnight, while the coasting trade
is below the average. The Rhondda masters have
had a meeting, at which it was resolved to resist the
demand of the men for increased wages, and it
was stated that the time had arrived to consider
the propriety of a reduction. In the iron trade the
works are almost exclusively employed on unexe-
cuted contracts for railway iron, of which exten-
sive shipments are being made to America, Russia,
and Spain. The orders that have come in on
foreign account have been few, and on home account
scarcely any business is being transacted, a feeling
of cautiousness still actuating both makers and
buyers. For pig-iron the inquiry is limited, and
there is no doubt that a concession will have to be
made in quotations before long. There is no im-
provement to notice in the tin-plate trade, and prices
are nominal.

LEEDS, 19th.—There has been a very inanimate
market in the cloth-halls this morning, and less
cloth has changed hands than on any market day
this year. The Ministerial defeat has aggravated
the depression previously existing, and merchants
are holding back until they can learn the result of
the crisis in commercial affairs. Very few manu-
facturers attended the cloth-halls this morning, and
there was less than the usual amount of goods
brought in. Coatings and heavy cloths were in-
quired for only to a small extent, and chiefly by
parties hoping, through the extraordinary position of
affairs, to obtain an advantage in prices. There
was no business, however, done on less terms than
a week ago, and, though there was a slow market
for low and medium unions, one or two buyers had
to pay the full rates. Business was very dull in the
white cloth-hall, and only a few parcels of hairlists
were cleared off.

NOTTINGHAM, 19th.—IVe had a tolerable attend-
ance at our Exchange hall to-day, and the demand
for lace yarns made from good staples was firm at
fully late rates. Coarse numbers were very dull at
prices tending downwards. In hosiery yarns there
was not much doing, and prices were unchanged.
The demand for silk continues exceedingly languid
at recent rates. Brown nets unchanged in price,
but a very heavy sale.
ROCIIDALE, 18th.—The consequences of last
week's market were so good, in the way of clear-
ing out large parcels of goods, and bringing in
a fair accession of new orders, that it is scarcely
surprising to - day's market should be thinly attended.
The weather, also, was unfavourable for a good
attendance, but the report from the warehouses is
that a fair average business is doing in a quiet way.
More plain flannels have been in demand than for
some time the market has been accustomed to.
Stocks of fancies are by no means heavy, and manu-
facturers in this department are doing a steady
business. Some of the merchants are anticipating
their usual half-yearly stock-taking, but that has
. not as yet restrained their ordinary operations.
There is no favourable change in the sale of strong
Yorkshire woollens, and prices are nominally un-
changed. The price of wool is firm, but consumers
hold off in the expectation that the new clip will
affect prices in their favour.

COURSE OF EXCHANGE—Last Evening.

Amsterdam Short. 11 14 11 15
Ditto 3 Months. 11 191 11 19
Rotterdam
Antwerp — 25 50 25 55
Brussels
Hamburg
Paris Short 25 10 25 20
_ _.

. 3 Months. 25 42} 25 50
25 42 25 50
'llB 118}
14 20 15 0
14 20 15 0

Ditto
Marseilles
Frankfort on tho Maine
Vienna
Trieste

Potersburgh
Berlin
Madrid
Cadiz

241 25
6 27 6 29
45 451
461 461

Leghorn
Milan
Genoa
Naples

30 60 81 50
30 50 31 50
80 50 32 0
80 50 31 50

ROYAL HORTICULTURAL SOCIETY, SOUTH KEN-
SINGTON.—At the fortnightly meeting of the fellows
of this society, held yesterday, Mr. Sigismund Rucker,
F.L.S., in the chair, the most prominent feature of the
show was a collection of zoned pelargoniums, which were
most striking. Amongst plants in pots wore three curious
species of Drosera, from Messrs. Veitch, and Eriogonum
umbellatum, from Mr. Thompson. Amongst cut flowers
wore several beautiful orchids, and splendid specimens of
the rare Fremontica Californica (on which Mr. Bateman
gave a lecture), a sterculiaceous plant, equally remarkable
for beauty and botanical interest ; also a collection of double
Pyrethra, from Mr. Salter, which anticipate and almost
equal tho China asters of autumn. Several new fellows
were elected, and the Buckingham Horticultural and Floral
Society admitted into union.
ROYAL HORTICULTURAL SOCIETT.-11i8
_Grace

the Duke of Buceleuch, president of the Royal Hor
ticultural Society, gave a conversazione last evening in the
conservatory at South Kensington. Their Rap' High-
nesses the Prince of Wales and the Duke of Edinburgh
were present, attended by Colonel Teesdale. Lord Henry
Gordon Lennox, M.P., received their royal highnesses at
the entrance in Exhibition-road, and conducted them to
the conservatory, where they spent some time in conversa-
tion with Mr. H. Cole, and remained to listen to the strains
of Weippert's band, which performed during the evening.
The conservatory was, as on former occasions, illuminated
from above, but the effect did not seem so brilliant as at
other times, probably owing to the large number and ex•
tent of creeping plants, and the almost universal green
colour of all below the roof. The number boefr.s\olfoliscietsonordgol.seend
about two thousand, among whom were the Chin Bwas
on h is Com-
missionercardand h
the
edvaetrea lo
fo ft
hhei his
eveningsuito,
stum accordingo
tsoth year Chinese
of
chronology, as follows :—"Bth day,
186 G moon, sth
visitors
the Emperor Toon Chi " (19th June,
also comprised Viscount Hamilton, the Marquis de Safrage,
Monsieur and Madame Goscb, Sir John and Lady Maxwell
and Miss Maxwell, General Sir Andrew and Lady Scott
Waugh, Sir Robert Hamilton, Sir John Lister Kaye, the
Hon. Slingsby Bethel], Sir. P. Sandford, Sir Adam Hay,
Sir John and Lady Bowrinsg, Colonel and the Misses Pro-
byn, Mr,
agreeably, and
Mrs.
Nassau Senior, &c. The evening passed
off very
of the company remained to
a late hour

THE WAR IN GERMANY.

---+-

FLORENCE, June 20.
The manifesto of the King to the Italians de-
clares that he once more draws the sword to ac-
complish the independence of the Italian people.
He confides the Regency to Prince Carignan.
7.•
THE ABYSSINIAN CAPTIVES.

MassowA ii, May 28. .
No news from Mr. Rassani or the other Et;.

ropcans.

SPORTING INTELLIGENCE.—This Day,

(BT ELECTRIC TELEGRAPH.)
LIVERPOOL RACES—This DAY.
WELTER CUP.

Mr. Phillips's -Arkansas (Mr. Edwards) 1
Lord Stanford's Brick (Wilkinson) 2
Mr. A. W. Clayton's Grapeshot (Joneb) g
Radcliffe, Malvern, anO Belgrave also ran.
Betting--7 to 4 agst Brick, sto 2 agst Arkansas,
sto 1 agst others. Won in a canter.

SEFTON PLATE.
Lord Bateman's Queen of Trumps (Morris) 1
Mr. Johnston's The Czar (Cameron) 2
Mr. W. Phillips's Persuasion ......... (Challowdr) 3
Madame Bosco also rau.
Betting-6 to 4on Queen of Trumps, 5. to 2 agst
The Czar. Won by two lengths ; same between
second and third.
TWO AND THREE YE AR OLD PLATE.;
Lord Westmorland's Colenso (Kenyon) 1
Mr. Phillips' Witch f (Carver) 2
Mr. A. W. Clayton's Amulet (Haystead) 3
Miss Hawthorn also ran.
Betting-2 to lon Colenso. Won by a neck.
HANDICAP PLATE. •
Mr. R. Law's Lucy Long (Norris) 1
Mr. Alexander's Merry Harp (Cameron) 2
Mr. Hineson's Madame Bosco ...... (Hazlewood) 3
Goldylocks and Dubiety also ran.
Betting-7 to 4on G-oldylocks, 2to 1 agst Lucy
Long. Won by half a length; same between second
and third.