The Sun.
London, England, 1862-06-04 00:00:00

STATE OF TRADE.

MANCHESTER, June 3.—There is a further sligh
improvement both in yarns and cloths. The yarn
market is generally dearer, and spinners were ask-
ing higher rates for nearly all kinds of twist. There
was more business for all kinds, and especially for
Bolton 60's. The home trade have been buying
various counts of cop yarns, and have shown more
activity than for some time past, The principal
business, however, hasbeen in counts and qualities of
yarn for India. The advauccs obtained as compared
with last Friday's prices average id. per lb. The
improvement is partly due to the advance in cotton,
and partly to more encouraging news from India.
Telegrams to hand from Calcutta to the 18th of
May report trade generally better, and the prices of
cloth were one to three annas (11d. to 41d.) per
piece higher. The advices from Bombay are two
days later, and quote pricesfirm,whieh is considered
good news here, under present circumstances, by
the trade. There are also better accounts from
Shanghai, which report an improved demand. This
news has produced a highly favourable impression
upon the cloth market in Manchester to-day, and
and has led manufacturers to demand 11d. to 3d.
per piece advance on last week's quotations. Buyers,
on the contrary, have been willing to give the prices
demanded, but which they refused to give last
week, and where sellers would listen to these terms
they have bought freely. A considerable business
has been done on these terms, and manufacturers
have cleared off stocks lying in the warehouses of
agents in some instances, while in others they have
refused to sell under the advance above quoted. In
isolated cases 11d. to 3d. per piece advance has been
given, but only for well known and favourite makes
of cloth. The sales have been chiefly in printing
cloths, shirtings, and other goods suitable to India.
In longcloths, T-cloths, and domestics the market is
quiet. Messrs. Da Fay and Co., in their monthly
trade report, say :—` Many of our foreign
markets must gradually become bare of goods,
for it is nearly a year since some of them received
their last supplies. It must be borne in mind,
however, that the poorer countries cannot afford to
pay the present comparatively high prices, and that
India and China have been well supplied, and can
afford to wait some time longer for new supplies.
The reduction of duties in India has momentarily
depressed prices there of plain goods. Nothing is
our Calcutta
lb., made of inferior material, which l
to be had here in shirtings under 154 d. to 16d. per
friends had been in the habit of receiving former y
of better makes at from 121 d. to 13d. per lb. The
actual wants
large inland houses are confined to
home trade is improving, but the purchases of the
fying feature is the prospect of a good harvest here
only, to reassert stocks on hand. The most grati-
and elsewhere; to all appearance the present Will
be a good year for fruit and other articles of food
besides grain. The accounts we receive from the
Continent are equally satisfactory on this subject
and commercial men hope for a revival of trade
from this source, even if matters in America should
thwart the prospects of a resumption of commerce
P"orts of cotton mann-
the fol-
They give
important
the am ounct o
ou
rn t
er
xy
factures for the four months ended
fl
or own n tgh aa
ts
April 30, 1862,
as compared with the same period of 1860 and
1861:

1860. 1861. 1862.
Cotton yarn, lb .... 66,831,296 55 708 227 31 275211
Cotton goods, yards 845,240,711 820,234,385 589,754,991
LEEDS, June 3.—The markets in the cloth-halls
to-day: were a shade better than those of this day
sennight.
There is an improvement noticeable in
the home trade, a better demand having sprung up
for goods, as
well those for summer wear as those
for the colder period of the year. Summer fabrics,
however, aro bought in small quantities to complete
orders, rather than to add to stocks on tneichants'
hands. The country clothiers report that they arc
scarcely any better or any worse employed than
they have been all the preceding part of the year,
but some of the larger manufacturers in the neigh-
bourhood are doing rather more business. Wools
and cloths alike keep steady in price.

A LITERARY DECEPTION.—A curious literary
deception has, it is said, been practised in a London college
on the learned rrofessors of that institution. A student
discovered suddenly a new autograph of Bunyan s. It was
a letter addressed to a customer, a Mr. Oldham, concerning
some kettle that Bunyan had undertaken to mend for him.
The autograph was prepared with coffee and other devices
m to make the writing look old. It was received with enthu
Cairncast... siasm, connoisseurs remarking that hitherto Bunyan's
near the distance', tinkering had rested on insecure popular rumour, and no
ton took his place. ILL,_ alequate evidence. Ono learned professor even wrote a
monograph on the Mr. Oldham to_whom the letter was ad-
her ease, and won by a length . dressed. Such is history. The youth himself who has
a bad third. The rest were widely
Italy si.— the merit of the discovery, conscious of the coffee end the
fourth, the Hope filly fifth, Kin.- of
Reserve seventh. very moderate amount of intellect to which he is indebted
I,q. this curious antiquity, trembles doubtless at the great-
The Woodcoto Stakes of 10 sovs each, with 100 added ; for 1 „,_ ..,,i_ _ („,,,,,./aNr.
40 success,—wev,,
217'01(16 i Ciiitk; Sfit 101 b, awl filliea Bet 71b, Who owner 1 11C1141 01 A.-.