The Sun.
London, England, 1863-10-17 00:00:00

STATE OP TRADE.

MANCRESTER, Oct. 16.—The unexpected pause in the
Liverpool market yesterday, when only 5,000 bales were
sold, and prices receded, according to some reports, as much
as id to id per lb. produced a corresponding reaction here,
and buyers of both yarns and cloths, who had hesitated to
give the extraordinary. advance in price which was esta-
blished on Tuesday, almost withdrew from the market.
This morning the yarn market has almost recovered, how-
ever, the firmness it lost yesterday. The amount of business
has been small, but spinners are asking 2d per lb. more
than the current rates of last Friday, and although buyers
hang back a good deal, they manifest no disposition to make
any concession. The market closes very firm, and, in some
description of yarn, with an upward tendency. The cloth
market has also somewhat recovered from the reactionary
feeling of yesterday, owing to prices having again advanced
at Liverpool, but still the sudden check has had an effect on
buyers, and they appear to be unwilling to operate. The
check was so sudden and unexpected that it seems to have
shaken their confidence considerably in recent advances.
Manufacturers, however, are very firm, and many of them
are in a position, owing to freedom from stock and heavy
pre engagements, to be indiffereni about pressing for fresh
orders. In fact, at the heavy cost of cotton yarn, they are
compelled to insist upon the advanced rates of Tuesday,
which they are now asking. The letters to hand from India
give a somewhat flat account of the market there, but tele-
grams are to hand with later advices (dated Bombay, Sept.
2, and Calcutta, Sept. 28), which are of a much mcre en-
couragingti character, and speak of a better demand, eve-
YY for wide shirtings, at higher prices. So far they do
eire,lB:4,tato have produced much effect here, owing to the
elotrday mentioned above, and the business done to-
have beim epos rnerally is reported email. Several failures
one of them beim of during the week among manufacturers,
in-
spection since the crisis
a firm that has been working under in-
CARDIFie 16tscrisis of 1857.
The demand continues good for
steam coal, end adtk—e.
little demur on the
sts'cad quotations are obtained with but
quoted 9s 6d to 108 ri:tfof buyers. Boat steam is now
has
be
eree on board. A general advance
to the sea colliers
e is
aal promised at the commencement
of next month.
but the advance in coastiunlofderate inquiry for house coals,
well
restricts sales consi-
derably. The ironworks aegO
employed, and since the
Birmingham meeting increaa:eedrealloenfldence has been mani-
fested by makers. The
tilotations for bars are
from £6 15s to £6 17s 61, free average
Owing to the
second advance in iron, the peddlers board,
bailers at several
*works have expressed their dissatisfaction
at only a 10 per
cent, rise, and they claim 5 per cent, more, If prices con-
tinue firm their demands are likely to ' ibe
acceded to.
The emigration from the mining districts has
not abated.
NOTTINGHAM, 16th,--There Was only a moderate attend-
ance on 'Change to-day, and advanced rates being asked
buyers operated very slowly. For low numbers 2d. per
lb. more money was demanded than on Tuesday, Hosiery
yarns also met a slow sale in consequence of the recent rise;
an advance of 2s. 61. per bundle of 10Ib, has taken place
during the past week. The demand for brown net is still
very flat at unremunerative prices.