The Sun.
London, England, 1863-07-13 00:00:00

STATE OF TRADE.

MANCHESTER, July lO.—Our yarn market has
been very firm to-day, and there has been some
tittle business doing at Tuesday's rates. The in-
quiry has been good, and but for the anxiety
existing about American affairs our merchants
seemed disposed to do a considerable amount of
business. Sellers are not disposed to give way, and
the yarn market closes firm. In cloth there is really
very little change since Tuesday. Holders are still
firm, while the offers making— and there are few—
are considerably below the quotations of sellers. There
seems but little prospect at present of either party
being willing to give way, and hence we have to re-
port but little actual business. Such offers as have
been made are so wide as to afford no real test of what
prices would be accepted, though it is pretty clear that
manufacturers compelled to realise would have to
make a considerable concession in the present state
of feeling among buyers. Messrs. John Pender and
Co., in their semi-monthly circular for the overland
mail (via Marseilles) of yesterday, say :—" During
the last fortnight our market has not, until within
the last three days, been more animated than at the
date of our last report. Rather more inquiry has
been made since the arrival of the Bombay mail of
the Bth of June, with more favourable accounts for
goods from that market and Calcutta, which, how-
ever, have caused little actual business. There is
some movement in the home trade, which is likely
to be much stimulated by the prospect of an early
and good harvest. Quotations are about the
same as last reported (a fortnight ago), and this
day's market has again been very quiet." There is
no doubt that the extremely fine summer weather
is leading to the most sanguine expectations as to
the coming harvest, and that commercial men are
justified in expecting an increased demand for cotton
goods. It should be borne in mind, however, that
the high prices of the last two seasons have taught
people to go for a considerable portion of their goods
where they can get mixtures of woollen, linen, and
silk with cotton and other substances, instead of
buying fabrics purely of cotton, and that we must
be prepared not to count too largely even on
the advantages of a good harvest, If anything
could show to what an extent the high
prices of cotton goods have led to the use of substi-
tutes in woollen and other goods it is the compara-
tive prosperity of the Yorkshire trade, and we hear.
it stated that already, on the lines of railway run-
ning through the manufacturing districts of Lan-
cashire and Yorkshire, the increased prosperity of
trade in the latter has gone far to make up for the
loss of traffic receipts caused by the suspension of
business in the former.

NOTTINGHAM, July 10th.—At this Exchange-
hall to-day the attendance was limited, am) only a
moderate trade was done in lace yarns at previous
rates. For hosiery yarns the demand was dull, at
recent rates. Silks of all kinds are firm. In the
value of brown nets no material alteration occurred,

COUNTRY MARKETS.

ky

YORK-SATURDAY.

The weather since last week has been as favourable as
the most sanguine could desire for the growth of the corn
crops. Wheat looks remarkably well—better than for
several years past—and should the weather continue pro-
pitious an abundant harvest may be looked forward to.
There was a limited show of wheat to-day, and the
demand was slow, but prices fully as high as last week.
Wheat, red 44s:to 48s Oats.... 22s to 24s
White do .48s to 62s Beans ..40, to 42s
Barley .29s to 30s Peas ....—s to —a
Malt, 62s to 64s per qr. ; rye, 34s per qr ; flour, 34a
to 36s per sack.