The Sun.
London, England, 1862-07-23 00:00:00

STATE OF TRADE.

-.-
MANCHESTER, July 22.—There has been a rather
considerable business in yarns at last week's prices,
but it has consisted chiefly of resales from stocks
holding by speculators. For spinners very little
has been done, buyers being unwilling to give the
prices they demand. The business reported em-
braces nearly all kinds of yarn, but the principal
sales have been to shippers to India and to German
houses. The home trade have only operated to a
moderate extent. For the Mediterranean not much
is doing. For the lower qualities of yarn, made
from Surat cotton, sellers report in some instances
rather easier prices. In the cloth-market there ap-
pears to be a complete stagnation for all markets
and for almost all kinds of goods. The prices given
last week are quite unobtainable to-day, but at the
same time manufacturers are unwilling to give way,
and are not pressing sales. An impression pre-
vails that with the cotton in Liverpool and that on
the way from India we shall have quite enough to
last till Christmas, and a surplus, at the present
rate of consumption. Under these circumstances
the feeling is that the present high prices for the
raw material cannot be maintained, and this to some
extent accounts for the very little business doing
here as well as at Liverpool. The present rates for
yarn and cloth are insufficient to cover the cost of
cotton, and, as stated above, sellers are unable to
find customers, even at the present relatively low
rates 'they are asking. Since last week about 300
more operatives have been thrown out of employ-
ment in Manchester, making 9,881, besides 15,761
on short time, out of a total of 47,865 usually em-
ployed. Bad as this is, it bears no comparison with
the proportion of workpeople partially and wholly
out of employment in such towns as Preston, Black-
burn, Stalybridge, Ashton, Stockport, and Wigan.
Messrs. John Slagg and Co. report of the cloth-
market :—" There is little or nothing doing to-day.
Since the receipt of the news by the Glasgow, on
Friday last, business has been almost entirelysus-
pended. Prices are nominally the same as last
week, but there are no offers making to test them?,
LEEDS, July 22.—There was a rather limited at-
tendance of buyers from a distance in the cloth-halls
this morning, and generally operations wereas o n
rathera
small scale, so that the bulk of cloth sold was
below than above an average for a Tuesday's mar-
ket. The manufacturers in the adjoining districts
continue to be well employed, especially those en-
gaged in heavy goods, and, though the markets to-
day have not been so animated as some late ones,
the condition and prospects of the woollen cloth
trade are as satisfactory as can be expected at the
present time.

ROCHDALE, 21st.—The flannel-market to-day
was scarcely so good as last Monday, and a lees
amount of business was done There is a little morefair
doing in heavy and low goods, and there
demand for linseys ; but the fancy trade
is
trade is
brisk as it was, and the Yorkshire goods
by the
again dull. Prices are well maintained.an•,
is
naot so
d indeed,
manufacturers. Wools, too, keep Up transactions
the high prices asked byimmediate use.
to what wool is wanted for almoststaplers

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