The Sun.
London, England, 1863-11-04 00:00:00

STATE OF TRADE,

MANCHESTER, Nov. 3.—The rise in the Bank
rate of interest to 5 per cent, has had a decided
effect in checking operations in the Ltihveerypaoronl
cotton-market, and has strongly affected
and cloth markets. In yarns we have bad a
decidedly quieter market. There are a good many
orders in hand for shipping, but the holders of
them seem disposed to hold them back till they see
how far prices will recede. Some few spinners,
who did not sell last week (when they might have
doce so) are disposed to take 2d. per lb. less to•day
than they would have taken last Friday. The
market, however, upon the whole, is tolerably
firm. In cep (home trade) yarns prices are id. per
lb. lower, in some cases rather more. According to
reports received here from Liverpool, cotton is
nominally id. per lb. lower, in some instances more,
and in the cloth-market this has stopped business
more decidedly than in yarns. Up to Saturday
last we had a fair demand, though a good deal of
it was for speculation, at rather full rates. To-day
prices have given way, and are considerably lower.
In some instances sellers have been willing to take
6d. per piece lower than on Friday. The quota-
tions of sellers are nominally unchanged, many of
our manufacturers being still engaged
Prices are lower only in cases where
manufac-
turers have been producing with the view of
meeting the ordinary demand, and where holders
have stocks which they had taken on speculation.
LEEDS, 3d.—There has been but a moderate
attendance of buyers in the cloth halls this morning,
and the markets were upon the whole of a quiet
character. The purchases were mostly of winter
goods, and they included what may be termed odd
pieces of several kinds, as well as small parcels of
witneys, meltons, and tweeds. The market is not
rat all overstocked with current-going fabrics, and
indeed to-day only a small bulk of now goods was
brought into the halls. It is satisfactory to know
that the manufacturers in this district are in good
engaged on orders for
many of them going
future delivery. Prices, both of goods and the ma-
terials used in their production, keep very firm.
The flax trade keeps brisk in every department, and
prices keep creeping up. The raw material is now
very high, both home grown and foreign flax having
lately advanced. The scarcity and high price of
cotton have tended greatly to advance the prices of
both woollen and linen fabrics, also those of linen
threads.
NOTTINGHAM, Nov. 3.—There Was a moderate
attendance of merchants and manufacturers at this
Exchange-hall to-day, but the demand for lace yarns
was slow, and only a limited share of business was
done, at fully late prices. The demand for hosiery
yarns was also inactive, prices undergoing no ma-
terial alteration. In silks no change of importance
took place. The brown net trade was again very
flat, at recent quotations.
ROCHDALE, Nov. 2.—The flannel trade keeps
l
very animated. The manufacturers are all
employed, and they have no difficulty :11 fin well
employed,
purchasers for their goods. Hence their stthoecrkeswaraes
a good sale for the heavier kinds of
at present within small compass. To-
day
flannels, and
more would have been sold had there been more in
the market. There is a little lull in the demand for
ari.:
market. great
laisouu_rgeh,t
Tne demand for
(t)bnetfiti
the
dqvueaniti qualities,
ccoolndsexaetnhte,
d they are bough
Yorkshire goods keeps Nveli up,
as fast as they are brought to
manufacturersr
waroeor
ttheeupgreicrebsuoyf that article areers at the topmost
quotations o
very firm, with more of an upward than downward
tendency.
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