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

STATE OF TRADE.

MANCHESTER, Feb. 27.—Some few of the cloth houses
report rather mere business, but the general accounts
are that the depression is unabated, and that but a
small aggregate trade has been done to-day. Prices
have still a down Ward 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 are lower than the 'notations previously
touched. In most kinds of yarn it is safe to say that
the tendency is in favour of buyers. The recent failure
of ono old established house, though not large in amount,
has created a good deal •f gloom and uneasiness. As
this was a commission house, a good deal of speculation
has also arisen out of the stoppage as to hew 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 konie
trade, and already there has been a diminution in the
applications for relief from handloom weavers (us corn.
mon with other classes of werkpeeple) to the parish
authorities of Manchester. In some of the surrounding
districts the handloona 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
aliment. There is a conviction among buyers that so
long as the present production is kept up there will be
a gradual decline in pricer, 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
difficnity in disposing of goods at the current prices, and
occasional sales are made somewhat below them."
Messrs. George Fraser, Son, and Co.,
market is very dull and depressed, withasay The
holding
Man-
chester incli-
nation to lower prices." A meeting is
gprooffbarvicylainery, but
this afbteritioloknenofviftahctorerygarodwnve,rstbteo
obnoxious
now steps to o .
are private. determine
iiitesw proceedingsfactery
Feb.o7 —The mar e ay at the cloth-halls
LEEDS, •
up'in proceedings of a more public character.
was rather worse than on Saturday, and business is very
dull.lris There is thorough break in the weather, and
the snow •
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. )
Inteliigenc© by electric
telegraph has been received hero from Haverfordwest,
announcing the total wreck of the screw steam-packet
Morna, from Belfast to London, with troops on board.
The master, mete, and 'l3 seamen and soldiers have got
on shore, hut 65 seamen and solders are still missing.
They left the wreck in two boats, and hopes are etter-
tained that they have succeeded in landing somewhere
in tlu Oiaannel,