The Sun.
London, England, 1863-10-07 00:00:00

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STATE OE TRADE,
MANCHESTER, Oct. 6.—A quieter fe - -
Liverpool market, with rather easier pritk;J;so,,_ _
a perceptible influence on the yarn and ctiamimea-
ket. In yarns we have had a very quiet daNn dil
sellers report that there has been no businessdoinh
whatever. Some inquiry has been made for cops,
with a view of testing prices, but there is no change
in quotations. The heavy contracts held by spinners
cause them to be somewhat indifferent about any
orders offered at less than the rates of last week.
Nevertheless, it is thought that were offers made
for large quantities slight concessions might be
made. For cloth there has been a fair inquiry sine e
this day week, especially for India goods, and buyers
in some cases seem to have made up their minds to
Pay, to some extent, the prices which are asked by
sellers. The impression in the market seems to bo
that the war, with scarcity of cotton, is likely to
continue for an indefinite period, and that this being
the case, prices are likely to rule high. The question
as to how high
they may safely go is one which can
only be solved by a correct estimate of the point at
linen,competition.
woollen, and other fabrics come into
active
ompetition.
which
A good business is said to be
still doing by the large home trade houses, who are
understood to be bare of stocks in consequence of
the large general absorption of goods by re-
tailers and consumers.
Still, though the inquiry
has been brisk in the Manchester cloth-market, the
business cannot be said to have been great ; in fact,
it has been rather less than towards the end of last
to cause
week. With regard
_toaypir.tinheass, as far as there has
been any change to -day in favour of
buyers, bat still it has not been sufficient
any anxiety among sellers to push sales. There has
been no quotable reduction, There are telegrams
from India to hand, and one from Calcutta to the
'
16th of September reports yarns -d • per lb. higher,
and 81-Ib. shirting-cloths 9d. per piece dearer.
There have been some other reports of telegrams
of a conflicting nature, but they are not generally
believed in, and consequently have not influenced
the market. The transfer of the business of the old.
bank of Messrs. Loyd, Entwistle, and Co. to the
District Bank is still a topic of much interest in
commercial circles, as might be expected from the
high repute in which it has stood with the trading
community of this district for so many years. The
consideration to be given by the District Bank is
reported to be £250,000, which is to be raised in
new shares, for authority to create which notice has
already been given of an extraordinary meeting of
the shareholders on the 21st inst. It is understood
that after the amalgamation three of the four part-
ners in the present firm of Loyd and Co. will con-
tinue to take an interest in the affairs of the joint
concern, and that one of them, Mr. Bury, will take
a seat in the direction. Messrs. John Slagg and
Co. report of the cloth-market :—" To-day there
has been a fair inquiry for all kinds of goods, espe-
cially those adapted for India, but the actual busi-
ness done has been of limited extent. We do not
alter our quotations, though the tendency has been,
if anything, slightly in favour of buyers. The
India telegrams received to-day arrived too late to
influence our market."

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LEEDS, 6th.—There has been rather a quiet order
of things in the cloth-halls this morning. A few
parcels of ordinary cloths were made np, and a mo-
derate business was done in tweeds, mantles, and
shirtings, but very little in witneys, pilots, or other
heavy goods. The winter trade, so far as manufac-
turers are concerned, may be considered nearly over,
though the purchase of heavy goods may continue
in dribblets for some time longer. As yet it is too
early to do much in goods for the spring trade, but
manufacturers are turning their attention to such
fabrics as will be suitable for that season of the year.
The business of the past month—nay, of all the pre-
ceding part of the year—has been prosperous, not
only in the woollen trade of this town and district,
but also in the flax, the iron, and the other staple
trades, and the prospect for the close is altogether
cheerful.

NOTTINGHAM, 6th.—There was again only a
limited attendance at this Exchange-hall to-day,
and a corresponding amount of business was trans=
acted, both lace and hosiery yarns being quoted at
about late prices. Very little passed in silks. Brown
nets a dull sale.

ROCHDALE, 6th.—At to-day's market the atten-
dance has been less than usual, but still business
was done to an average extent, and a fair share of
animation seems to prevail throughout the trade.
The quantity of goods sold, and especially of bright
starlets, shows that the absence of some familiar
faces today was not a consequence of depression in
this department. Scarlets are now so much in re-
quest that many orders are now given out in antici-
pation of the customary markets. The warehouse
trade in all qualities has been rather flat since our
last report, but by no means at a. standstill. For
Yorkshire goods there is not a spirited inquiry, and
orders are executed rather to meet instant require-
ments than with a view to meeting future demands.
Prices too have a restrictive effect, wool having
reached such an excessive price that mill operations
are inevitably curtailed. There are but small deal-
ings at present in the raw material.

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