The Sun.
London, England, 1864-01-06 00:00:00

STATE OF TRADE,

MANCHESTER, Jan. s.—Our yarn market has been
extremely quiet to-day, our export merchants (and
buyers pretty generally) making up their minds to
abstai❑ from business till lower prices are quoted for
cotton in Liverpool. At the prices current for yarn
last Wednesday it is believed a rather extensive busi-

nese would have been done this morning,but spinners
will not listen to such offers as would have been ac-

ceptable then. In some instances spinners have shown
a willingness to take about Id per lb less than yester •
day. One cause of depression to-day has been distrust
of the telegrams from the Liverpool cotton market
posted on the exchange today, which have reported
the sales al 6,000 bales without change in price, while
private telegrams report a business of only 2,000 to
3,000 bales at id per lb lower, This is not the first
time such discrepancies have occurred, and some
blame;is thrown upon the managers of the Exchange
for not securing a more authentic repo' t, which, it

is said, might be obtained from the c'Aton brokers'
rooms for a trifling extra cost. The market for home
trade yarns partakes of the quietness observable in
that for shipping yarns. Prices are nominally Id.
per lb. higher than last week, but very little busi-
ness has been offering. Buyers are disposed to wait

and watch the cotton market, the late advances in
which have been so sudden and startling as to make
people distrustful, The same resistance to prices
seems to have affected the cloth market to-day.

The excitement which prevailed at the close of the
year seems to have died away, and we have had
very little inquiry from buyers, and very few trans
actions are reported. Manufacturers nominally
maintain their quotations at the advance of last.
Thursday, but it is believed where sa'es have been
effected they have had to make some concession. It
is known that very considerable orders for cloth are
still held, but at limits which are below the quota-
tions current in the early part of fast week. Hence
the excitement of last Thursday tailed to draw them
upon the market, the business done at the advance
of that day having been purely of a speculative cha-
racter. There seems to be a firm feeling among
manufacturers and holders of cloth generally, not-
withstanding the inactivity of the market, and with
some exceptions there appears to be a disposition
rather to hold for higher rates than submit to a
reduction. Messrs. John Stagg and Co. report of
the cloth market that it continued without change
until Thursday last, when, owing to the stock of
cotton in Liverpool proving to be much less than
was generally estimated, an active and rather ex-
cited demand set in, and a large business was
done, chiefly in the lighter sorts of India
goods, at irregular, but much higher prices
than could be obtained in the earlier pat t
of the week. Saturday was almost a holiday, ann
little or nothing done. Yesterday and to-day the
excitement appears to have in a great measure sub-
sided, and the higher prices generally asked inter-
fere seriously with business."
LEEDS, sth. —There was a small attendance of
buyers in the cloth-halls to-day, and little disposi-
tion to purchase was shown, unless some tempting
abatement in price was made. Manufacturers,
however, are very firm in their demands, for the
price of the raw material and the cost of manufac-
ture have both of late rather increased than dimi-
nished. The country clothiers brought a good
amount of fresh goods into the market, doubtless in
the hope of effecting a sale of them; but until the
balancing and settling of accounts for the past year
have been nearer completed than they are at pre-
sent, new transactians will not be largely entered
upon. The manufacturers are in fair, employment,
and many of them are working to order on spring
and summer goods. The local wool trade is rather
quiet, but prices do not fall. The flax trade is not
quite so brisk as it lately was, but, considering the
supply and the price of the raw material, its condi-
tion is prosperous.
ROCHDALE, 4th•—The flannel market was of a
very inanimate char.cter to-day. There was a very
thin attendance of buyers, and t hoes present bought
sparingly both flannels and Yorkshire goods. 'frit
settling of accounts is doubtless the chief reason of
the paucity of attendance, for in other respects the-
market was satisfactory, manufacturers being firm
in their demands, and their stocks being within a
reasonable compass. The wool market was also
quiet, bat prices continue very firm.
NOTTINGHAM, sth.—There was a good attendance
at this Exchange-hall to-day, and there was more
inquiry for lace yarns. Sellers consequently askee
higher prices, and a fair amount of business was
done at fully the rates of Friday, fhe demand for
hosiery yarns was firm. Buyers would have pur•
chased freely at late rates, but sellers hell
out for ls. per bundle of 101 b. more money. Silks
of all kinds remain wizholit any material variation
The demand for brown nets is improviog, anal
higher prizes are being asked.