The Sun.
London, England, 1863-10-14 00:00:00

STATE OF TRADE.

MANCHESTER, Oct. 13.—We have had a very
excited market both for yarn and cloth. It was
expected that the large sales of cotton at Liverpool
yesterday (fully 30,000 bales), at id. to ld. per lb.
advance, and in some cases more, would produce
some impression here this morning, and meantime
telegrams from Bombay that cotton had advanced
1,;(1 per lb. (in the first telegram it was stated the
advance was 4d. per lb., but this has been since cor-
rected) have had the effect of adding to the excite-
ment at Liverpool. The advices from Liverpool at
noon were that the sales were likely to reach 20,000
bales again, and that prices were still advancing.
It would be difficult to describe the effect of this
news here; spinners have been asking ld. to 2d.
per lb. higher to-day, and manufacturers have been
asking in proportion. For shirtings for India and
coarse longcloths sellers have advanced their quota-
tions fully Id. per lb. as compared with Friday, and
for light goods from 2ilb. upwards as much as 2d.
per lb, has been asked in advance in some cases. Of
course such a sudden and heavy advance to a very
great extent stops business. Buyers came into tho
market this morning apparently disposed to operate
rather freely at last week's rates, but at the prices
proposed they are almost aghast. Telegrams from
Calcutta speak of shirtings having advanced, with
some excitement there, and a great demand for
wide makes of cloth. The advices would have led
to more or less business had the market here been
more favourable. In yarns business appears to be
quite as much checked as in cloth. We hear of
32's twist being sold as high as 2s. 6d, per lb.
yesterday, and this morning sellers of 50's twist
were asking 2s. 11d, per lb.
LEEDS, 13th.—At to-day's market there has been
a fair attendance, but the quantity of goods such as
are in current demand was rather less than usual,
which may be taken as an indication that as the
season is advancing manufacturers of heavy goods
are somewhat relaxing their exertions. It is cer-
tain, however, that there are still many large orders
unfulfilled of such goods for transatlantic shipment.
But chiefly they relate to the lower kinds, the pro-
ducers of which are kept busy to the very utmost of
their ability. A ready sale has continued to-day
for witneys, tweeds, and fancy meltons, the latter
of strong make. Black unions are less in favour,
but superfine old-fashioned blacks are taken in con-
siderable quantities into the warehouses. Within
the last few days considerable parcels of goods in
variety have been despatched to the Continent, and
further orders are confidently anticipated.
NOTTINGHAM, 13th.—There was a fair attend-
ance of merchants and manufacturers at this Ex-
change-hall to-day. The demand for lace yarns
was by no means brisk, as holders asked high".
prices. In the business done late rates were fully
paid. Hosiery yarns were in limited request at
quite as much money as heretofore. Silks are very
firm. The demand for brown nets was still very
flat, and makers are unable to realise prime cost for
their goods.
ROCHDALE, 12.—The rage for flannels owfhmicehdivarnie
quality still continues, and all pieces
offered, whether in the normal
stateor having
passed through the dyer's bands, are seized upon„
with avidity. Goods of the better and finer quali-
tiesPe
' d. There is a strong
are almost totally des
goods still con-
exhibit-
disposition to deal in fancy
any
the f
perseveringly ing new designs are boughtsortusp, anfodr
sake of
novelty. con-
tinues,
and. The i t
is dearnesslikelyoftoYobrekspheirre
main-
tained, but it has little effect
. on the activity of
wool market is
buyers. The firm, and manufac-
turers,h their stocks are
although low, and they are
running full time, with a sure prospect of continuing
to do so, only buy in small lots, and not for purposes
of accumulation.