The Sun.
London, England, 1863-06-17 00:00:00

STATE OF TRADE.

MAN CHESTER, June 16.—The yarn market to-day
has been decidedly more cheerful, and there has
been a good inquiry, more particularly for the
markets of the Levant, of Italy, and for the home
trade. On the whole only a limited business has
been transacted. Prices are very firm. There has
been no business of any moment doing for India,
and there is no change in this branch of the market
either as to prices or demand, since Friday. The
buyers for Germany are particularly quiet. In the
cloth market there is also a better feeling than
there was last week, but there is no change to
quote in prices. Buyers still keep aloof, and ma-
nufacturers do not manifest much anxiety to sell.
The sort of panic feeling which seized the market
last week seems to have passed away. Many of
our spinners and manufacturers are now well
engaged to order; but the check to business
which has recently taken place is preventing
others who had felt disposed from resuming
work, and the number of mills altogether closed is
still large. The singular fact still remains that
while so many mills are idle, and while hundreds of
thousands of operatives are unemployed, little at-
tention has yet been directed to practical efforts to
permanently increase the supply of cotton. Nearly
two millions sterling has been raised by subscrip-
tion and other means to relieve the destitution
of the unemployed, and yet through the cotton
companies and other agencies for growing cotton
(the only perfect remedy for the distress) compara-
tively little has been done. The total paid-up
capital which has been embarked in these schemes,
profitable as they promise to be, does not
reach £200,000, and yet the House of Commons,
was told in 1861, on good authority, that the
average profit on works of irrigation alone in
India (so necessary in undertakings connected
with cotton-growing) is 691 per cent.
LEEDS, June 15.—The woollen cloth markets to-
day have been much the same as those of last Tues-
day ; but, withal, a little more business has been
done. The parcels generally mage up were of a
miscellaneous character, and they included a fair
portion of ordinary broadcloths and heavy fabrics
for the colder season of the year. Rather more
business was done in medium white goods.
The purchases of fabrics for autumn and winter are
cautiously made, and, indeed, except in the way of
orders for future delivery, no great amount of busi-
ness is doing in goods for those seasons. The reports
from Dewsbury, Batley, Batley Carr, and other
places celebrated for heavy goods, show that the
manufacturers are busy, but that the sales, for the
season of the year are not brisk. Still there is
nothing of an absolute depressive nature in either
the condition or the prospects of the woollen trade.
Prices of both wools and goods keep firm.
ROCHDALE, June 15.—The flannel trade keeps
active, and prices are very firm. There was a good
attendance of buyers to-day, and more than a late
average of business was done. There is an increase
in the demand for exportation as well as in the
home trade. The Yorkshire goods trade is also
tittle more active, and late prices are fully main-
tained. The wool trade shows a fair amount of
animation, though manufacturers are not eager
purchasers at the highest prices demanded. The
new clip is well spoken of, and the growers are stiff
in their prices,
NOTTINGHAM, June 16.—There was a better at-
tendance on 'Change to-day, and the demand for
lace yarns was more animated than on Friday,
business being done at fully late prices. The de-
mand for hosiery yarns was somewhat quiet, and
prices remained the same as heretofore.' Silk firm.
A moderate demand took place for brown nets, and
prices were the turn in favour of the seller.