The Sun.
London, England, 1853-01-15 00:00:00

STATE OF TRADE.

• . • . (o.om, the Manch.eater Guardian of this day.)
MANCHESTER, JAN. 14.—Our market exhibits; in the
present week, an increase of that cautious spirit to which
we referred in our last report, and which imposes an
evident restriction upon transactions, and renders the
tone of business somewhat less cheerful. In the depart-
ment of yarns it is found that the falling off in the de-
mand for China has caused a slight decline in the value
of 16's to 24's water twist ; No. 30's, which had not been
influenced by that demand, remaining still firm. In such
qualities of mule twist as are usually exported to
India, there is some business going on, partly for
the continent of Europe. Those counts of warps
from which domestics are made (affected Ey
the continued dullness of these cloths are hardly
saleable at the rates of a week back. Those numbers
of cop twist and pincops that enter into printing cloths,
shirtings, and the lower descriptions of jacconets, though
less easily sold, are, however, sustained in value by the
degree in which these goods are pre-engaged. As regards
the department of cloth, the classes last named are
quite steady in price ; printing cloths, indeed, are par-
ticularly firm. Domestics are not actually lower ; but
the continued absence of demand is producing an
accumulation of stock in the hands of manufacturers.
The dealers, however, who are without any but the
barest supplies, find a somewhat better demand for
these articles. The India merchants have done rather
more in goods the last day or two, moved perhaps
by the approach of the mail, which is telegraphed
from Trieste. It was expected that we should commence
the new year with a degree of buoyancy which is not
experienced. The realisation of that expectation is in-
terfered with by more than one cause. Although seve-
ral well-informed Americans are anticipating a large de-
crease in the receipts of cotton at the ports of the Union,
people on this side are influenced by the fact of an excess
of 406,800 bales over those of this time last year, with
the probability, according to a telegraphic announcement
from New Orleans, of Dec. 25, that those figures will be
raised to 450,000 next week. The advance of the
rate of interest from 2 to 24 per cent. by the Bank of
England, though not looked upon with anything like un-
easiness is certainly regarded as a precautionary mea-
sure which merchants may very properly have an eye
to, at a time when the appreciation of corn and other
produce may still further derange the foreign exchanges;
and, indeed, the effect intended is already perceptible in
a greater backwardness to operate on the part of those
who are engaged in a branch of commerce which, like
that to India and China, involves the drawing of long-
dated bills. The failure of Messrs. Coilman and Stol-
terfoht tends also to increase the general caution.
GLASGOW, JAN. 14.—N0 change in our market this
week. There has been a fair demand from the trade,
and the business done has been at last week's prices.
BRADFORD, JAN. 13.-7 Wook—The inland buying
or jobbing from stapler to dealer and broker, re-
ferred to last week, still continues, and large quanti-
ties have. been bought both of Colonial and En glish,
which is necessarily an abstraction of so much weight of
wool out of the market, whether of speculation or ship-
ment, it matters not, Our supply here is less, and a
firmness in price is associated with the feeling that wool
has_not yet seen the top. The very bad weather has
not in any way damped the spirits of the buyers, who
`have as yet shown no symptoms of uneasiness, and
anything good is ready sale at prices that cannot
at present be realised on. yarns. Noils and brokes
are good to sell, but the advance is yet small compared
with combing wools.—Yarn : The continued activity in
the wool trade is putting the spinners into a position,
very unsatisfactory and ruinous, for, since the trade is
nearly one of day-by-day delivery, it is- necessarily one
of contract or order, and unless the orders so taken
are immediately covered with a purchase of wool, be-
fore the orders can he supplied, the advance on wool will
have been so great as to leave no margin for spinners'
wages ; and the average deliveries now making by the
whole trade would not allow one fraction for labour.
Pieces There is a fair amount of business doing, and
anything offering from yarns of old orders is good sale,
but to cover cost there is no opportunity, and to speak
of a brisk demand, which can only be effected at ruinous
prices, appears disheartening at the opening of another
year.---Bradford Observer.
NOTTINGHAM, JAN. 13.—The lace trade, with few ex-
yet to some extent depressed, especially
•y departments, for the produce of which
most skilled mechanics in the world ; hut

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