The Sun.
London, England, 1864-11-09 00:00:00

STATE OF TRADE.

MANCHESTER, Nov. B.—Our market has been very firm
to-day for all kinds of shipping yarns, and most spinners
ask a slight advance, which has rather checked business.
But for this we should have had a fair amount doing. In
home-trade yarns we have had a very strong market, and
though not much business has been effected prices are pretty
much as on Frieay last. The yarn market generally closes
rather firm, with a decided tendency to improvement. Spin-
ners seem pretty easy about prices, which they appear to
think have touched the lowest point for some time to come.
The cloth market has been rather quiet for some days past,
but, owing to the scarcity of stocks, sellers have been able
to do a moderate amount of business at last week's prices.
In most cases sellers of clothare asking for a further advance
in prices, which has the effect of checking the desire to do
business wherever it is pressed. Buyers of cloth and yarn
are more cautious than they were eight or ten days ago.
Many people think a more cheerful feeling would pervade
this market if the pending difficulties talked of in London
were settled. The failure of several manufacturers has been
mentioned, and among them one at Preston and one at
Rochdale. It is stated in the hon. secretary's report to the
Relief Fund Committee that no less than 68 spinners and
manufacturers were compelled to suspend payment during
the month of October, and though most of these were in a
small way it is estinsatedin the aggregate that they employed
13,003 operatives. Messrs John Slagg and Co. report
We have had but little business during the week, the
general feeling of uncertainty and distrust having prevented
buyers from operating. Prices, however. have remained
firm, and to-day we have a more general inquiry at slightly
advanced rates."

LEEDS, Bth.—The woollen cloth markets to-day have been
a shade better than those of this day se'nnight. The tone
of the trade was a little more cheerful, and there was more
business done. Good plain blacks, with meltons and tweeds,
were the most saleable articles. Some inquiries were
made for spring goods, but in such only a small business
was done. The manufacturers are rather curtailing their
rate of production, late mercantile failures and the conse-
quent loss of capital, as well as the general aspect of the
trade, being the principal causes for lessening the supply.
Stocks are in a moderate mapass, and prices keep steady,
those of goods as well as those of wool. Some of the second-
hand raw materials, such at, shoddy, &c., are.rather easier.
Woollen rags, too, are not quite so clear as they were a short
time ago. The flax trade is not so buoyant as we lately had
to report it, and the demand for threads and yarns is rather
flat.

NOTTINGHAM, 801.—At this Exchange-hall to-day there
was a fair attendance. The demand, however, for lace yarns
was slow, at the prices of last week. There was not much
doing in hosiery yarns, and prices ware without material
change. Silks were disposed of at recent prices. The des
mand for brown nets was very dull, but little or no altera.
tion in prices can be written.
ROCHDALE, 7th.—The attendance at market to-day was
no better than it has been for several weeks past, and opera-
tions have been correspondingly small, Prices of some kinds
of goods are lower, but cheapness did not seem to be a sue-
cient incentive to the London and Manchester buyers to
operate with that freedom which distinguishes them when
the commercial tone is of a more buoyant eharacter. The
demand for flannel in the warehouses has this week been
slack, and manufacturers have such difficulty in obtaining
orders at remunerative prices, that most have resolved to
begin a system of running short time. The business done here
in wool is so small that the only remark to be made about
it is with reference to price, which seems to be getting
higher for all kinds, though sales very rarely take place.