The Sun.
London, England, 1864-10-12 00:00:00

STATE OF TRADE.

MANCHESTER, Oct. 11.—In shipping yarns we have had
no business worth naming, and to effect sales spinners must
have submitted to at least Id per lb decline on the rates of
last week. But even at these prices buyers are not disposed
to operate. It; home trade yarns also the market is droop-
ing. It is difficult to say what is the amount of the decline,
because there is no business doing, but generally it may be
taken to correspond with that in shipping. But there is
an exception as to yarns made out of good cotton, which
,pinners do not seem disposed to press upon the market,
because of the loss to which they would have to submit.
This remark applies particulatly to yarns made out of
Egyptian cotton, which have been getting up in price din--
ing the last few days, while other descriptions have been de-
clining. In the cloth market there has been a continued de-
cline in prices since last Tuesday, and the anxiety to sell has
been greater than for a long time past. It would be difficult
to give any correct idea of prices, because of the irregularity
which prevails. A sale of 191 b. cloth was mentioned as
taking place yesterday, on which the loss of the manufac-
turer was stated at lls 61 per piece, and in some cases
greater sacrifices than this have had to be made in order to
effect sales. As may be supposed some failures are taking
place among the smaller manufacturers, and many more are
expected. Among those named to-day are manufacturers at
Burnley, Middleton, and Bury. At Preston Messrs. Jesper
Brothers, of Caledon-Mills, have suspended, with liabilities
to the amount of about £22,000, and a meeting of creditors
is fixed for Thursday next. At Manchester Mr W. H. Wil-
liams has suspended payment, and a meeting of creditors
has been appointed to take place. The market closes with
a gloomy and depressed feeling. Rumours that a certain
bank lately in high credit has had to seek the assistance of
the Bank of England has served to intensify the feeling of
alarm and distrust which prevails.
CARDIFF, 10th.—The steam coal proprietors are full of
orders, but the quantity brought down for shipment is not
quite so large as usual, in consequence of contracts entered
into for inland supply. Staffordshire continues to be an im-
portant market for steam, and as long as the strike lasts a
large portion of the produce of the 'Welsh collieries will be
sent there. There is a fair continental inquiry, and there
is a good demand, as well, from the West Indies. It is
satisfactory to announce that the men continue to work
well, and with regularity. In the house-eoal trade the
scarcity of tonnage, and the consequent high freights, is
still the general complaint, and as a natural result the trade
is a little thecked. Vitality is evinced in the iron trade,
and the works aro in full employ. The demand on Ameri-
can account is about the same as last week, but from other
markets there is an increased inquiry. The Penydarren
works will shortly be in full operation, and a large number
of hands will receive employment.
LEEDS, 11th—In the cloth-halls to-day there has only
been such a meagre amount of business as could be ex-
pected at a" between seasons" period like this. Only few
merchants were represented, and the only business done
was in the way of assorting here a little and there a little,
in order to equalise stocks. These selections were princi-
pally made from the lots on hand of pilots and Witneys,
Fancy coatings and tweeds have been inquired after, and
there have been delivered at the warehouses to-day consi-
derable quantities of these goods which had been previously
ordered. As the winter demand draws nearer and nearer to
its close the inquiries for the best all wool blacks gets more
numerous ; and although stocks are not deficient in that
class of goods, manufacturers whose time and resources are
not already monopolised by spring orders are encouraged to
apply themselves to the production of more. Nothing more
has occurred within the last few days to aggravate the mis-
chief previously done to commercial credit in this locality.
Merchants may be expected to be cautious for some time to
come, but it will be because of the high rate of discount
quite as much as because of anything else, for that is a
matter, perhaps, of greater importance to this branch of
commerce than to many others.

10th.—Another quiet week for the flannel
merchants has been followed by an equally quiet day, which
seems to presage a still further continuance of this prolonged
inactivity. The transference of goods has been at a minimum
point all the week, and to-day the sales which actually took
place were insignificant as compared with the numerous at
tendance of those who are usually large operators. The ex-
traordinary dearness of goods does to some extent account
for the strict caution which is manifested by all buyers, but
there are other causes also exercising an adverse influence
such as the recent commercial calamities in the neighbour-
ing county, and the rather unhappy prospect which appears
before a largo portion of the cotton districts. Yorkshire
goods do not meet with any better demand, and there has
not of late been the usual influx of them, owing to much
machinery being engaged on goods for the Oriental markets.
Manufacturers in this immediate neighbourhood are gene-
rally well employed.

[ADVERTISEMENT.]—HoIIoway's Ointment and Pills.—
The best Way,—To gain any end there are often many
ways, but there is always a best way. This statement ap-
plies with wonderful force to Holloway's remedies, which
overcome ill-health by driving noxious matters from the
frame, by repairing broken or injured structures, and by
establishing regularity of action. This is the only safe and
feasible method of combating diseases and securing sound
heath. 'With pure blood, g9od digestion, strong nerves,
and perfect functional order, most maladies. may bo van-
quished and strength surely re-established. The balsamic
and healing qualities of Holloway's ointment render it in-
valuable in the nursery, for healing cuts, scratches, and
sores, foe allaying inflammations, reducing swellings, and
cleansing unhealthy skins,