The Sun.
London, England, 1863-07-04 00:00:00

STATE OF TRADE.

MANCHESTER, July 3.—With improved telegrams
from Calcutta, together with the dying away of the
rumour of Lord Russell's resignation, and of all
fears of foreign intervention, our market again as-
sumes its former aspect, and there has been a con-
siderable business done in yarns to-day; in some
cases at a slight advance on Tuesday's prices. At
the prices current on Tuesday a much larger busi-
ness could have been effected, but sellers have re-
gained confidence to some extent, and are demand-
ing previous rates. The buying has been nearly
for all markets, including the home trade. The
latest telegram to hand from Calcutta is dated
June 8. It reports cotton dearer, and an improved
business in cotton goods. Skirtings of Slb 4oz had
advanced is per piece ; other kinds 6d to Oti per
piece from the late lowest point. Bannermill 40's
twist (American cotton) had risen Pi. per lb. At
Bombay, June 9, cotton was rather lower, but pieca
goods were improving in price. We have no im-
provement of demand for cloth in Manchester to-
day, but the better accounts from Calcutta are ex-
pected to lead to business. Prices are rather firmer
than they were on Tuesday, but the demand, for all
quarters, is really very flat. We hear of some
offers making for certain descriptions of print-
ing cloths, but generally at prices which
are not acceptable to producers. Small as the
demand has been lately for all markets, except
those of India and China, it has been pretty nearly
equal to the demand, and hence there are few or
no stocks. It is a feature of the market just now
that nearly all the business doing is of a bona fide
character, and for immediate export. Buyers would
probably do more business if they could find stocks,
but many manufacturers will not produce unless to
order. At the same time, it must be remembered
that, owing to so many mills being closed, some
kinds of cloth, of peculiar and very superior
makes, have ceased to be produced, and buyers
are unable to meet with them at any price,
which leads to much inconvenience and disap-
pointment. Some of these buyers will not enter
into contract for the supply of these goods. They
would take them if in stock and available for imme-
diate shipment, but they will undertake no risk, as
a future supply would involve. Messrs, Da Fay
and Co., in their monthly trade report of the Ist
inst., say—" The continental yarn trade has for
some time past been restricted to the smallest wants,
bearing out what we previously remarked, that in
many quarters coarse home-spun flax is used in-
stead of cotton. For the five months of the present
year, compared with 1861 and 1862, the exports to
Prussia, Hanover, Hanse Town, and Holland show
the following decrease :—IHL 32,269,7871 b. ; 1862,
20,368,4921 b ; 1863, 8,362,9851 b ; being 58 per cent.
less than 1862, and 'l4 per cent. less than 1861."
The falling off in goods had not been quite so large,
amounting in the five months named to about one-
half as compared with 1861, and about one-fourth as
compared with 1862.
LEEDS.—The trace report of the Leeds Chamber
of Commerce for the month of July is as follows :
"In the woollen trade an average amount of tusi-
ness has been done during the past month. The
demand for plain fine black cloths still continues good,
and a considerable quantity has been sold both for
home trade and export. The demand for light sum-
mer goods has been very small, and the manufac-
turers are now employed in preparing for the autumn
trade, and are generally well employed to a con-
siderable extent to order. Since the conclusion of
the sales in London on the ad June there has been
no new feature in the wool trade. Prices are steady,
and the demand for all descriptions moderate.
. Con-
trary to the expectations generally entertained in
this country, German wools have brought an ad-
vance of from 2 to 5 per cent. upon last year's
e
with great firmness, but no
prices at the fairs recently held atßtairenslatuheair d
rn
Ber-
lin. English combing wools
maintain
of
great
_business
has been done in them.
There has been a good
rde-
mand for most descripticovinsa
orrfivflaalms,fom Russia are
been very firm. The
said to be still very
rn
aindifferent in quality, and co-
piaints are made that less confidence can now be
which causes '
placed in the marks, spinners to be very
cautious in
sending out orders. The accounts of
• crop abroad are v
the growing . ery favourable, the
the t
a this oust r
the crops i y do not promise so well, the
having suffered greatly from the dry weather
of Mar There has been a brisk
demand for all
kinds of tows excepting Petersburg. Hemps main-
tain their price well and are in request. In yarns
business has not been very brisk,
are tolerably well employed, and have received
more orders during the latter part of the month.
The demand for threads
is pretty good. The makers
of best iron are not so busy
as last month, and
orders are by n
no means so plentiful. The makers of
best merchants' iron and plates are better employed.
The machine
makers are pretty well supplied with
orders. The engineer tool trade has
improved and
may be said to be tolerably good. Makers of rail-
way plant are very busy, In cut
nails,
a large
business is being done, especially for export. There
has only been a limited demand for heavy leather,
and prices have given somewhat
way. In dressing
goods a fair business has been done, and for some
articles, as calf skins, the demand has been in ex-
cess of the supply. Prices
are steady. Rapeseed
and linseed are both very high relatively to the
price of oils. The growing crop of German rape-
seed is well spoken of, and cutting
menced in some districts. As usual at this season,
the demand for rape oil has been small. Linseed
oil is exceedingly scarce, and the price very firm,
with an upward tendency, in consequence of the
deficient crop in the Baltic provinces andelsewhere.
Cakes are firm, but not much inquired for. Olive
oil is very firm, and in fair demand. Prices on the
other side have already advanced. The paper trade
still continues depressed, chiefly on occount of the
depressed consumption in the cotton districts:
There has been a full supply of cattle, and prices
have generally ruled high. Number shown (four
markets) beasts, 1,802; sheep, 15,460. The supplies
of corn have not been large, and prices of wheat
have been very firm until the end of the month,
when the very favourable weather induced buyers
to act with great caution. The demand for barley
has been quiet. Oats and beans without much
change."
NOTTINGHAM, 3d.—At this exchange•hall to-
day there was a better attendance of merchants and
manufacturers, and the demand for lace yarns was
improved at fully late prices. There is also more
doing in spun silks, and good prices are being made.
Hosiery yarns maintain their value. There is no
quotable change in the price of brown nets, but the
tendency is to give way.

BRAZIL.—A copy of the "case" submitted on
behalf ofher Majesty's Government to the arbitration of the
King of the Belgians in the affair of the officers of the Forte
has been presented to rarliaro Ant.