The Sun.
London, England, 1864-05-11 00:00:00

STATE OF TRADE.

MANCHESTER, May 10.--Telegrams from Liver-
pool during the day announce an excited cotton
market, with sales of 20,000 bales at Id. per lb.
advance. Such advices have naturally stimulated
the yarn market, though it has rather acted as a
check than otherwise upon the sales of cloth. In
shipping yarns there has been a large business for
all kinds, at an advance of id. to ld. per lb. The
baying has been very general for all markets, more

especially those of India, Germany, and the Media
terranean. The home trade have also bought freely
where they could get anything under extreme rates.
This branch of the market has been rather excited,
and owing to the great advance in cotton spinners
have been almost afraid to name a price. For the
business done an advance is reported of id. to ld.
upon these as well as shipping yarns. The market
closes with a decided upward tendency. In the
cloth markei, since Tuesday last and up to yester-
day, we had ver; little business doing. Buyers
appeared indisposed te do anything, as manufac-
turers still held firmly tt; their previously ad-
vanced quotations. The turn which Continental
affairs have taken, as indicated by the report of
a suspension of hostilities having been agreed
to, and the upward movement of prices (coupled
with great activity) in cotton and yarn, have
rather strengthened than other wise the hands of
sellers to-day, and we have had some little excite-
ment, manufacturers having coasiderably raised

their demands to cover the increased coat of mate-
rial. Buyers still seem to be quite wilhogto ope-
rate, especially for goods in stock, at the ola rates,
or even at a moderate advance upon them, but th,l
appear to be quite indisposed to give anything like
the increased rates now demanded by manufacturers.
In fact, the very much advanced prices demanded
have put a check on business, and although a much
better feeling exists in the market, and there is con-
siderable inquiry, especialiy for shirting cloths, the
operations of the day have been on a limited scale.
Messrs. Pender and Co., in their semi-monthly cir-
cular for the overland mail, represents the business
for Calcutta and Bombay as limited during the last
fortnight, but say wide shirtings were more easily
saleable up to a week ago, and that low qualities of
T cloths have been taken to a small amount.

LEEDS, 10th.—The woollen cloth markets have
been of a rather quiet character to-day, but consider-
ing the quantity of new goods brought to the halls,
a satisfactory bulk changed hands. The heavier kinds
of goods are going more into requisition by the
wholesale houses, but there are still some sales of light
fabrics, including cloakings, as well as coating and
trouserings. Canadian and American buyers are mak-
ing moderate purchases of low and medium cloths
for the fall trade, and other branches of the export
business are tolerably active. The manufacturers
are well employed, especially those engaged in
heavy gootio. As to prices, the market is very
firm as regards both wool and cloth. The flax
trade is steady, but pot brisk, and prices of flax,
tow, yarns, and threads are firm.
NOTTINGHAM, 10.—There was a numerous at-
tendance on 'Change to-day, an& the demand for
lace yarns commenced pretty fairly. Sellers asked
an advance of ld. to 2d. per lb., but this checked
sales, and business was eventually done At extreme
prices. In hosiery yarns a limited trade was done
at fully late rates. In silks there was not much
change. Brown nets were about the same as last
week.

ROCHDALE, 9.—There was a fair attendance of
buyers in the flannel trade to-day, and a good
average business was done at full prices. The
demand for heavy flannels was the least brisk, but
there was nothing like slackness in any descrip-
tion. The manufacturers keep well employed, and
they are not anxious to take large orders in ad-
vance at the present rates. The very high price
of wool induce caution, and till larger supplies of
the new clip are brought to market manufacturers
will continue to make purchases for immediate
rather than for prospective wants.