The Sun.
London, England, 1855-02-28 00:00:00

STATE OF TRADE.

MANCHESTER, Feb. 27.—Some few of the cloth houses
report rather more business, but the general accounts
are that the depression is unabated, and that bit a
small aggregate trade has been done to-day. Prices
have still a downward tendency, and the general opinion
is that with the present production they must continue
to give way. The yarn-market has also been very fiat,
but the irregularity has been so great for some weeks
past that is is difficult to say whether prices have been
taken which aro lower than the quotations previously
touched. In most kinds of yarn it is safe to say that
the tendency is in favour of buyers. The recent failure
of one old established house, though not large in amount,
has created a good deal of gloom aid uneasiness. As
this was a commission house, a good deal of speculation
has also arisen out of the stoppage as to how far cre•
ditors will be affected by a recent decision of Baron
Parke's, in which it was held that the payment of an
account to a commission house did not bar the right of
the seller to recover. The breaking up of the frost will,
it is believed, lead to rather more business in the horn.
trade, and already there has been a diminution in the
applications for relief from handlown weavers (in com-
mon with other classes of workpeople) to the parish
authorities of Manchester. In some of the surrounding
districts the handlooin weavers are suffering more than
any other class of operatives, a single firm in one place
having discharged as many as 500 of these weavers,
whose poverty is such that their employers have had to
step in with advances to prevent the looms in their cot-
tages being seized for rent. Of the cloth-market Messrs.
John Slagg and Co. say :—" The market continues heavy
and depressed, and the day's business is quite of a trifling
amount. There is a conviction among buyers that so
long as the present production is kept up there will be
a gradual decline in prices, and there is a general dispo-
sition on their part to keep out of the market as long as
possible. We cannot, however, quote any actual de-
cline since this day week ; but there is an increasing
difficulty in disposing of goods at the current prices, ail,
occasional sales are made somewhat below them."
Messrs. George Fraser, Son, and Co., say The
.
so holding g a t
determine Ma-
nchester market is very dull and depressed, withia general Inch-
ot off
machinery,t the
lowernati(mtothis
new factory regulations as u
afternoon P r
prices."
"o
f A
m factoryeet meeting
ni is
rl
upon steps to be taken withto
freengcairnde,
iti proceedings are private. It will probably determine
upin proceedings of a more public character.
Feb. 27.—market t. nay Qay at the cloth-halls
wasL LEEDS,
worse than on Saturday, and business is very
dull. There is a thorough break in the weather, and
the snow has all but disappeared. With a return of
more open weather there is hope of improvement.

LOSS OF THE SCREW STEAM-SHIP MORNA WITH
SOLDIERS.—BRISTOL, Feb. 27.—Intelligence by electric
telegraph has been received here from liavertordwest,
announcing the total wreck of the screw steam-packet
Morna, from Belfast to London, with troops on board.
The master, mate, and 2S seamen and soldiers have got
on f=hore, but 65 seamen and soldiers are still missing.
They left, the wreck in two boats, and hopes are enter-
ta;,ned that they have succeeded in landing eomewhero
in the gaannel,