The Express.
London, England, 1860-09-17 00:00:00

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LONDON, MONDAY, SEPT. 17.

THE internal trade of the country exhibits
signs of improvement, now that fine weather
prevails, and that the fear of serious da-
mage to the harvest is allayed. At Manchester
on Tuesday the market for cotton fabrics
was brisker than for many weeks past. A large
amount of business was done. Yarns were in
active demand, particularly for the home trade,
Germany, the Mediterranean, and the East. There
was likewise a decided increase in the transactions
in cloths. Prices, both of cloths and yarns, after
declining steadily for many weeks past, were
sensibly better. It was remarked, however, that
the purchases for India were not based upon any
improvement in the character of the advice.
from that quarter, but were merely in
sympathy with the more hopeful feeling
which prevails in commercial circles generally. On
Wednesday discouraging telegrams were received
from India, and the subsequent delivery of the
letters has caused a return of dulness in the Indian
branch. Friday's market at Manchester was, ac-
cordingly, much quieter. The accounts which
have reached us from Calcutta continuo to lay
stress upon the necessity of great caution in future
consignments from this side. " A very dull
" market and no demand " is the substance of
the reports, and prices are still declining. The
Bengal Cl imber of Commerce gees so far as to
characterise the position of the market for cotton
goods as "alarming," alludes to the singular dis-
trust shown by the dealers, and remarks that "it
"is surprising that our very low rates and the
" abundance of money should not have called forth
" some speculation." They conclude by warning
the trade at bane that the " market will require
" a strong support, in the shape of very moderate
" supply 1, for months to come, if it is again to
" n •iirii c-st " (not profit) " to shippers."
In the face of warnings of this earnest kind, the
stmialus sloch the securing of the harvest is
Eiein4 to our home trade is the more satisfactory.
It 11 '4llltlfyillg to remark that industry in the cot-
ton districts continues ver) active. In scarcely
any %tuner is there a ioniplaint of slackness.
31anitlat titters and spinners generally are well en-
gaged for forward delivery, and some of the
makers of T cloths and printers hold contracts
which ~ill afford them occupation for mouths.
These circumstances contribute materially to awl.
tam prices at a remunerative point.
Trade in the woollen districts has likewise been
betiented by the fine weatle:r and the improve-
ment in our food prospects. A fair amount of
business has been done ; and the future is regarded
as deviikdly moire promising, the more especially
as the stocks of most kinds of goods 'anted to the
mason are very moderate. The mills appear to
be in lull employment.
The dullest accounts emitinue to be received
from the lace and hosiery trades at Nottingham,
whore ili.plites between the work people and their
employers unhappily continue. Hopes are ex-
jimmied, however, that the worst is passed. and
that these branches of numnfacture will soon par-
ticipate 111 as general improvement of the home
trade. ltiisiiiess at Leicester is likewise dull, but
there hot appear to be much actual com-
plaint.

The aeeisint. from the hardware districts report
a steady imp ovvnivnt, in consequence of the
splendid weather which has buret npun the
country. The complaints of slackness are rapidly
subsiding ; orders are flowing in, and an excellent
business is hoped for in goods for autumn and
winter use. It seems as if nothing but sunshine
had been wanted to thaw the distrust which gene-
rally prevailed, and the effects of which were felt
in every department of trade. Tho country iron-
mongers are now tilling nii their shelves, in confi-
dence that the securing of even a moderato harvest
will bring them in a good amount of custom.
Throughout the hardware districts there Booms to
be ample enip!oyment for ■killed labour.

- - - One branch of business inust, however, be par-
ticularised as depremed ; and that is the iron trade.
In North Stathirdshire, Derbyshire, and Scotland,
dulness is equally observable. The home demand
for finished iron has slackened ; the stocks of " pig"
are increasing ; prices are drooping ; and the ne-
cessity of italueirig the make considerably is
co g into view. In the Wolverhaanpton district
three or four furnaces have been blown out.
The aniste.tiou in the Liverpool cotton market
fonts a feature. The sales of the past week have
been extrao,ilinarily lane ; prices have advanced;
and the colopated stocks have fallen to 941,3i10
hides. At the correspontlin4 period of last year
the quantity held was 619,160 bales, so that the
discrepancy is no longer so remarkable. The
demand has been felt as a great relief by many
holders. Reports of damage to the crop in
America from drought have been extensively dis-
seminated. It is evident, however, that renewed
speculation has lately been at work at Liverpool to
ovine extent and many persons are disposed to
”uestion tho solidity of its liana. %e remark
that the trd lieu of the new cotton crop has
reached New lurk from N..rth Carolina. At New
Orieena Cie Lew cattail is count% forward rapidly.
Glancing at the future prospects of trade, in few
quarters sties there appear to be so touch protitiee
as in the %in:rican branch. Every element of an
excellent business is presented. America must
have accumulatud large funds from the sale of her
last crop of cotton, which was a very heavy ease.
It is believed that the coining crop will be much
larger, a peat extent of new land havin;.• been
cultivated. Then, extraordinary statements con-
tinue to be ree..ived relative to the yield of the
western curls crops, particularly in Illinois. The
%Arrheius at Chicago exhibit an immense accu-
mulation of 4rai.t. The receipts at that port from
the Ist January to the 27th ult. reached