The Express.
London, England, 1862-09-03 00:00:00

MARKETS.

TALLOW.—TuzsDAT Evurnia.—The market was quiet
to-day. Prices closed as follows :-Bpot, 48s. old ; all this
mouth, 495. to 48a. 9d. new; October to December, 495. ;
January to March, 495. 6d. to 495, 9d. Delivery to last
evening, 105 asks ; arrivals, 221 casks.

COTTON. laviaroor.. Sari. 2.—Our market con-
tinual very lima, with a fair business doing. The sales are
8,000 bales, including 2,360 American, at 22d. to 31d. ;
3.000 Surat, at 170. to 25d. ; 2.000 tian, at 22d. to
37d. ; 160 Pernam, at 28d. to 29d. ; 430 •• at 27d. to
27141.; 50 Maranbani, at 30d. ; of which 7,000 are for specu-
lation sad export. The week's import is 194 bake.

COTTON GOODEL—MANCRIEraIt, SEPT. 2.—To a great
extent this market, like that for cotton, a abandoned to
speculators, and the prices asked are unparalleled, without
going back for a great number of years. In 1825, American
cotton cost 194 d. per lb. • middling New Orleans is 1101,
2s. 4d., and we must go Lack to the close of the war, 1814
and 1815, or 1798, to find a parallel with such prices. But
there is no probability even of prices remaining even at
present quotations. Our cloth market is changing almost
every day. On Friday last the quotations for 81b. 4 or.
ahirtings was lfis. ; yesterday, 18a. 6d. ; and to-day, 20s.
" Owing to the state of the cotton market," say Mears. Du
Fay and CA., in their circular, "most of the manufacturers
decline to quota prices, and what are given can only be con-
sidered nominal." Speculation in fact seems rampant,
and the regular merchant is keeping out of the
market altogether. The prices of all kindsof cloth
have been going up rapidly during the last seven days ;
shirtings as much as Is. per piece, and other fabrics in pro-
portion. The speculative feeling seems to be getting
stronger every day. The Indian telegrams are from Cal-
cutta to the 10th, and from Bombay to the 12th August.
They show a decline in prices there, but it is understood
that that would be caused by &deices hence at that date,
and the next accounts are expected to show a renewal of
the excitement described in previous advices. There has
again been a very large business in yarns to-day, chiefly of
a speculative character, and prices may be quoted 3d.
to 4d. per lb. higher than this day week. Yarns of all
descriptions are eagerly bought up at this advance, and
some spinners have obtained sd. to fid. per lb. advance over
sales made this day week. We have heard even of Bd. per
lb. being given over the rates of Lit Tuesday. So anxious
and excited are speculators in some instances that
it seems almost certain that they would give any
price to obtain suitable parcels. The desire seems
to be to get hold of large quantities. Meese.
Da Fay and Co. in their monthly trade report,
dated ,yesterday, remark :—"The entire cotton trade is de-
ranged, and will be disorganised for some time to come, for
at the present coat of cotton goods other textile fabrics will
take their place. Woollen, linen, and silk goods will be in-
quired for, and prices are beginning to rise in consequeoce.
To show the tendency of equalising prices, where facilities
of communication exist, we mention that Cotton yarns spun
in Russia have lately been offered here for sale at present
market prices, and as long as Manchester is the best market
for resale such transfers will of course take place. Specu-
lators, we presume, have not taken this item into calcula-
tion :so far, however, speculators have made money, and
probably will
continue to do so as long as the war lasts. It
almost impossible to give quotations of yarn and goods at
present, producers deolioing to name a price just now, while
others are not working their mills at all. Asa rule we
may say that domestics are selling at Is. Bd. to Is. 9d. per
pound, and shirtisgs, according to fineness. at 2s. to 2a. 3EL
per pound. and these prices vary from day to day." The
following is an abstract from a table in the same circular ;
but it must be understood that many qualities are made
from Santa and other aorta of cotton now, and it is hardly
an exact comparison for that reason :