The Sun.
London, England, 1866-01-18 00:00:00

STATE OF TRADE.

CARDIFF, Jan. 16.—The steam coal trade of the
district continues satisfactory, and the various
works aro busily employed in executing contracts
already in hand, while proprietors are receiving a
very fair share of fresh orders from France, Italy,
and the other Continental markets. The prospects
of the trade are very encouraging, and although the
exports for the past year were about the same as
1864 there is every reason to hope that there will
be an increase during the present year. The late
westerly gales greatly retarded the operations at the
docks, and the shipments have been comparatively
small in consequence. From Thursday to Saturday
the wind moderated, and business became more
brisk ; a number of vessels were cleared out, and the
fresh arrivals are taking in cargoes as expeditiously
as possible. The house coal trade has been a little
more buoyant than of late. The iron trade is good,
and increased confidence has been given to it by
the tone which pervaded the quarterly meetings,
Quotations are maintained, and second-class houses
approach to nearly list prices.
LEICESTER, 17th.---There has been a little more
doing in hosiery goods during the past few days.
The miserable weather, however, checks the demand
for goods usually selling at this time of the year. In
the rural districts business 15
quiet, and the opera-
tives not fully employed. The wool market con--
tinues firm, and prices remain high. There is not
much alteration in yarns. Worsted yarns continue
firm, and cotton maintains its value.
NOTTINGHAM, 17th.—The lace trade has slightly
improved during the past few days. There have
been several buyers in the market, and some fair
purchases have been made. There is a little more
doing in silk Mechlins, and
also slight
aimprovementtolerable
in
the quilling branch. There is
de-
mand for spring nets for falls. The black lace
trade is quiet, and narrow
edgings meet a very
limited inquiry. There is not much change in the
cotton department. The plain net branch is dull,
and the fancy trade is without much alteration.
Lace yarns are firm, and silk continues extremely
dear. In hosiery there has been a large amount of
business doing. The shipping
brisk, and the home demand is fully an average
one. There is no lack of employment, all the
operatives being fully employed. Hosiery yarns
without change.

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Mr. CAWK WELL expressed the universal regret felt
at the retirement of Mr. Stewart, presented the
testimonial to that gentleman, and proposed his
health, which was received with acclamation.
Mr. STEWART, in responding, said he should be
deficient in the best feelings of human nature if he
could have listened unmoved to the observations of
their chairman and to the manner in which those
remarks had been received, conveying as they did so
gratifying an expression of kindness and regard on
the part of his brother officers. There were many
seated round him with whom he had been associated
for nearly 20 years, and all of those present had had
the fullest opportunity of judging of his official con-
duct. (Cheers.) This circumstance rendered their
approval especially valuable. Everything in this
world had a relative value, and the costly and hand-
I some piece of plate before him was in his estimation
of small value when compared with the worth it
acquired as the record of their approval and regard.
(Hear.) As he had already told the directors when
he took leave of them, his retirement from office
would afford him the opportunity of obtaining that
change and healthful recreation from which he had
for a long time been wholly debarred, but which he
now felt to have become a necessity. It was, how-
ever, wit' , -P/...35t regret that he parted with so
many kind friends both at the Board and among the
staff of the company, and it had occasioned him no
small effort to sever his connexion with that great
company, in the affairs of which he had taken so
active a part ; at a time moreover, when, having
passed through great trials and difficulty, it was
emerging, as he had always said and felt it
would, from that depression into a bright and
prosperous future. (Cheers.) To each and all of
them he wished health, long life, and happiness,
and that every success might attend their united
efforts to develope more and more the resources
of that great undertaking which was so dependent
on their exertions. In conclusion, Ml. Stewart
said he should carry with him into the retire-
ment of private life a pleasing recollection of
his association with the staff of the London and
North-Western Railway Company, and a grateful
memory of their personal kindness to himself.
(Cheers.) Finally, ho thanked them heartily.
The testimonial was the gift of 684 subscribers.