The Sun.
London, England, 1864-09-28 00:00:00

STATE OF TRADE.

MANCHESTER, Sept. 27.—The attempts at business to-
day have been a little more successful for shipping yarns,
and some few orders have been given out at about the same
prices that would have been taken on Friday last. Some
people, both buyers and sellers, appear to consider that prices
have now touched the lowest point, and that without some
fresh cause for disturbance of confidence, we may look for-
ward to some little improvement. Home trade yarns &so
show a little more steadiness, and there has been rather
more business in the finer counts. The gradually drooping
state of the cloth market, and the more general disposition
on the pelt of manufacturers to realise at the decline, were
noticed in Friday's report. There has not been much
change. But few offers have since been made, and such as
have been made have been pretty generally taken. The con-
sequence is that stocks have been cleared to a considerable
extent. Yesterday and to-day there seem to have been a
greater number of people willing to operate, which is re-
garded as a better feature in the market, although the prices
they offer are very low—lower than ever, and such as to
cause a good deal of hesitation on the part of sellers. There
have been reports in market of some considerable transac-
tions in cloth to-day, but they cannot be trawl to any
authentic source. So far as we can learn, the business of the
day has been on a small scale, and in the aggregate of less
amount than on some days towards the close of last week.
In shirtings sellers have altered their quotations to figures
more nearly approximating to the rate at which sales have
been made than for some time past, and 71b shirtings are
offering at 15s per piece, while 841 b ditto are at 18e. There
is great irregularity, however, and some of the latter, which
have been at 225, are reported in some instances to have
been sold at 16s. 91b shirtings ate quoted at 225, and 91b
printers at 2ls : 51b and 616 T cloths are 98 9d and lls
9d, and 811 b long cloths 16s. While these quotations
generally show a great decline, they hardly represent the
lowest rate at which business has been done. Messrs,
John Stagg and Co. report of this day's cloth-market :
" The downward tendency of prices has continued since
Tuesday last, and the reduced prices offered have been to a
fair extent accepted by holders. To•-day our market is
somewhat steadied by the increased disposition to purchase,
but the offers made are still very low, and the actual busi-
ness has not been of large amount."
LEEDS, 27th.—There has_been a very fair attendance of
both buyers and sellers in the cloth halls to-day and a
tolerable amount of business has been done in both ordinary
and heavy goods. A few samples of spring patterns have
also been sold, but not to so great an extent as to be of much
significance. All things considered, there is a satisfactory
amount of business doing in the woollen trade of the dis-
trict ; but the failure of the Leeds Banking Company hav-
ing been followed by that of several woollen merchants has
imparted a degree of caution to transactions in some quar-
ters which did not exist a few days ago, Though there
may yet be a few small failures, public confidence is un-
doubtedly strong in the general soundness of the trade of
the town and district, and the manufacturers are as a rule
well employed. Prices of both wool and goods are steady.
NOTTINGHAM, 27th, —The attendance on 'Change to-day
was very moderate. The demand for laces, however, was
very dull, prices undergoing little or no alteration. In
hosiery yarns the trade was also flat, and prices more irre-
gular. Silks may be quoted at late rates. The demand for
brown nets was dull, at last week's prices.
ROCHDALE, 26th.—The quietness of our trade has boon
more extensively felt during the past week. The dulness
proceeds from a large falling off in the number of orders
which usually come to hand during the September quarter.
Merchants warehouse engagements have only been of a tri-
vial character, but with scarcely an exception manufacturers
are fully employed, because of the unfinished state of orders
of long standing, To-day's market was only scantily at-
tended, and business was limited. The value of flannel
was well sustained, but Yorkshire woollens were so little
inquired after that quotations were merely nominal. It is
not to be denied that the Leeds Bank calamity has for a
time paralysed operations in this department. The business
done to-day in wool was quite of a hand-to-mouth charac-
ter. The high price continues to deter manufacturers from
making put chases in anticipation of wants.

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