The Sun.
London, England, 1855-11-15 00:00:00

STATE OF TRADE.

MANCHESTER, Nov. 13.—That falling off in the
amount of transactions, both in yarns and goods, which
we noticed at the close of last week, has become wore
decided to-day. There is still a moderate aggregate of
salee, but we hear of no extensive ones. Sellers are,
however, perfectly firm, at the full prices of last week ;
indeed, for some articles they are inclined to harden in
their terms ; but buyers are, on the whole, less disposed
to operate than they were, as is shown by the fact, not
only that they are doing less, but that they are making
fewer attempts at business in the shape of offers to pro-
ducers.

There is a general complaint that the very moderate
advance which has now taken place is of no benefit to
spinners and manufacturers ; and, in reference to this
statement, it is worth while to note what has been the
actual course of things. Before this rise began there had
been a period of decline from the level to which a pre-
vious rise had carried prices. That decline went on pro-
gressively, as orders ran out and as stocks accumulated,
until at length it reached a point, by the end of last
reinte, which brought buyers freely into the market,
even in spite of the existing financial pressure. Spinners
and manufacturers were relieved of stocks. Prices be-
came steadier. As business proceeded, an increasing firm-
ness arose, and-then an upward tendency showed itself in
successive 16ths or eighths of a penny per lb., until it
may be said to Wave now raised the average current rates
of yarns id. to -ld. and in some few kinds, chiefly 30's
water, fully ad. per lb. To some extent, goods rose in
about an equal proportion, chiefly such as were suitable
for India and China, more especially the latter. Bst it
was before the rise began that the millowners had cleared
out their stocks ; and the contracts now in their hands
were generally taken either just as values became more
regular and steady, or, at best, during the earlier steps
in the upward course. The amount of-sales effected at
the present quotations is extremely limited. Now, the
raw material has risen in a, greater proportion than the,
finished article, thus placing the producer of the latter iti
a worse position than that which he occupied before.
Spinners and.manufacturers are striving to get further
orders at higher prices than those already in their books;
but having pretty well supplied their wants, buyers are
resting upon their oars (taking only compartively small
quantities for assortment), in the expectation that when
engagements again come to an end, and fresh accumula-
tions appear, they will be fable to supply themselves
anew, at something like the recent low ranges of value.
And, in looking for this result, they are only looking
for a repetition of previous experiences. In the ebbs and
flows of prices, it is-in the former that the mass of busi-
ness is done—the latter, are in great part nominal, and
atways short-lived, breaking in 'mere froth. The cau-
tion of buyers is also kept alive by the advancing price
of corn, and by the state of the money market, which is
again betraying an ulifavburable bias, and may possibly,
it is feared, be suljected to renewed restriction.__Ats
the same time, we have a telegraphic statement by way
of Trieste that the rebellion in India was renewed, and
that trade was depressed, when the mail left Calcutta.
Notwithstanding this tamer state of our market,tand in
the face of an impending turn-out in the city, there is a
considerable business going on in raw materials, at full
prices, in the neighbouring port. We understand that
the turn-out alluded to will take place this week.
MIDDERSFIELD, Nov. 13.—The market has been un-
usually dull this morning, both in the Cloth Hall and
manufacturer's shops. Excepting for low goods, there
has been scarcely an appreciable demand for any descrip-
tion of Huddersfield gess s. The attendance of buyers
up to a late hour was more limited than at the previous
market during the last six months, but others arrived
about noon, and business was better in the shops and
warehouses towards the close of the day. Prices con-
tinue firm, and confidence is very sati-factorily esta-
blished, so far as the houses in town are concerned, form-
ing an agreeable contrast to the unfortunate state of
things last-year about this time. Prices of wool con-
tinue unchanged, accor hng to most recent ad vices from
the sales sow being held in London. Try-day is "second
Tuesday," or the merchant's monthly payday, and,-so
far as 'we have• been able to ascertain, claims have been
very generally shut'.

So much interest has seen of late excited in the Bri-
tish metropolis by the announcement that a powerful
French company was abut to buy up the London om-
nibuses, and to work theta on the system so successfully
pursued in Paris, that w 9 (Galignani) have thotight it
worth while to take some pains to ascertain how far the
rumours in circulation wee•o well founded. The result of
our inquiries has been to .arrive at the fact that such a
company as that spoken of , has been really formed, and
that the pUicbase of the London omnibuses by it is now
a frcl:t accompli. What is'now in contemplation is to
introduce all at once t,b4 various ameliorations sue-
cessfally adopted in Paris. These consist-Ist, of a
system of correspondence, which will enable the pas-
sengers to go from any part of London to another
on
paynaenit of one penny in addition to the ordinary
fare, which it is believed .will be 4d., being at the
rate of a tout a penny a mile. 2dly,
of more roomy
s.
ws4ehrtihecirhye,
tdhti
hsceeui petlsmitnaoebs
siethii amongst
.;1 CoutfrO
era
der lat
tiahidie;
pc
ue3
brdsiliYe;. bya
and corn 'odious vehicles, with a separation of places
o
wbthyieCbcien meanad,
in each annibus of a check-dial, by ' •
watch the number of
passenge re will be clearly indicated, as in Paris. sthlY ,
111-raVoid:..la ice of competition-rand-of its inevitable con,
comitant ,----racing through the streets ; and, 6thly, the
creation of a pension-find,- ty which -a-provision will be
secured tp old and deserving servant, when so-re has ren-
dered re: pose absolutely necessary. It is the intention of
the near
.igompany to retain; as much as possible, the per-
sona at .present employed by the omnibus proprietors of
London, and it is believed that the plan of a pension-fund
will tend!: in a very marked degree to improve the de-
rneanour-1 of the conductors, since the provision for old age
will depet ad on 'heir civility and bone-ty. The terms on
which tit, ,e French company has purchased the London
omnibus cs have been 5001. for each vehicle, with its
horses v .nd harness, the goodwill of the business, lease of
and, in fact, every advantage possessed. by the
late p roprietors.. The law expenses of the arrangement,
and s, sine other incidental items of outlay, will add some-
thing to the sum just named. Unwards of 800 vehicles
f
have I seen obtained by the new company, and some
the r a.iest influential men connected with the -omnibus
busir tees in London—such as Messrs. Wilson,
tWilling,
Mac natnara, and. Johnson of Mark-lane—are
.o form
it is ex,
part of the board of directors. Toe new system A
pest tvill be in operation by the sth of January. s.
to t 'profits likely to arip the new plan as a corn-
e from L
Ame rel. al unsiertaking, it mist observed that the en-
been urcha-ed two-thirds cheaper
have pthe same capital will k
•
.n these of Pa, is,. and that
SPECIE.—The specie loonoht by the West India ' 800 omnibuses •of. London a., the 350 of Paris. In
steamer yesterday was 167,0001 of which 70,0001. was 2 .dd. the Landau: vehicles ,ill not have to ply any
gold. The gold will all be sent to France, and the • "lu
the municipality, as takes
silver, sum to place in Paris, ar:d
moat ptobably to China. constitutes a tax of about 5 per cent.
which Taymept

BIRTHS.
OP A. EION.

On the 14th inst., at Hulme House, Hampton‘wick, the
wife of J. Weston, Esq.
On the 13th inst., at did Charlton, Mrs. Chas. Nichols.