The Sun.
London, England, 1864-02-13 00:00:00

STATE OF TRADE,

MANCHESTER, Feb. 12—In shipping yarns there
has been a fair amount of business for the Mediter-
ranean and nearer markets, in low counts and extra
hard twist, which have been a good deal in request.
For China also a better business has been doing ; but
for India there has been little or no demand, and
scarcely a sale has been made for that quarter. Spin-
ners are asking rather higher prices, which tends to
restrict busineas. In home trade yarns, sellers re-
port a steady business without excitement. Prices
firm. In cloths there has been a little more inquiry
yesterday and to-day since the reduction of the
Bank rate, but, so far, it has not led to much busi-
ness. Stocks are light, and production has been so
much reduced that manufacturers are exceedingly
firm in their prices The principal business doing has
been in goods suitable for the markets of China, in-
cluding 40-inch shirting's, plain and figured, at an
advance in price of about 3d. per piece above the
rates current this time last week. There is a little
more business doing in cloths also for the home
trade, but the houses in this branch are very spar-
ing in their orders, and are evidently making an
effort to keep their stocks as low as possible. Sellers
of cloth generally evince some disappointment at
the limited amount of business doing, and complain
that any effort to get prices up immediately checks
operations, so that in many cases it is difficult to
make sales at any advance upon the low prices con-
sequent on the long depression which succeeded
Christmas. Messrs. John Pander and Co., in their
semi-monthly circular for the overland mail, dated
the 9th inst., say that—" Notwithstanding the
commencement of war, its restriction for the time
within narrow limits has tended to restore confi-
dence, and for several days past the tone of the
market has much improved. The latest Indian
accounts being somewhat better, and those from
China continuing very favourable, considerable in-
quiry has been made for staple goods, especially
shirtings; and though the business has not been
extensive, to-day's market has been firm, with an
upward tendency in prices." The circular quotes
81 China shirtings at 21s. to 225. 61. They say the
demand for Calcutta has fallen off considerably, and
the business for Bombay is limited.

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