The Sun.
London, England, 1865-01-26 00:00:00

STATE OF TRADE,

CARDIFF, Jan. 24.—The steam coal proprietors
are doing a large business, and the orders on the
books are sufficient to keep the collieries in active
work. From the continental markets there is a
brisk inquiry, and there is little difficulty expe-
rienced in obtaining the current market quotations,
provided the supplies can be delivered within a spe-

A. A.
cified time. The Aberdare collieries, where the
greater part of the coal exported is raised, are, as a
rule, on full time, and an immense quantity is sent

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has been made in the list rates. The report that it
was intended to reduce the wages of the colliers
turns out to be incorrect, exceptin so far as regards
the collieries where the coal is used at the ironworks.
A meeting of the Welsh ironma,sters has been held
in reference to the proposed reduction in wages, and
it was unanimously resolved that it should be 10 per
cent. There is no doubt entertained, in this district
that the reduction will be accepted by the men, as
the latter are beginning to admit that the masters
were obliged, from the state of trade, to resort to
the course they have taken.
DUNDEE, 24th.—Our limited business has been
done privately in flax, tow, and codilla on the spot
to-day, and the sales reported are rather under last
week's prices. Upwards of 200 tons were put up to
auction, fully half of which found buyers at, on the
whole, taking quality into account, fair prices. Free
on board business continues to be done to a mode-
rate extent for shipment at the various Russian
ports in spring, at prices lower in proportion than
present quotations on the spot here. Jute is in fair
request, especially the better qualities, and an ave-
rage business has been done since last report. The
market for yarns opened quietly to-day, and
for a time little was done, but some spinners
reduced their quotations subsequently, which
brought forward buyers, and a considerable quantity
changed hands. There is little change in the de-
mand for linens, and prices of various qualities are
rather lower than last week, but the large previous
forward sales keep manufacturers independent
of the present demand, and this helps to sustain
the value of goods here. The American market is
not yet in so satisfactory a state as could be wished,
but shipments to a fair extent are being made to
other foreign markets, and stocks here do not accu-
mulate so much.
LEICESTER, 25th.—There has been a fair amount
of business doing in regular goods in the hosiery
trade during the last few days, and business is being
pretty generally resumed at the warehouses. In the
rural districts there is also rather more doing.
Yarns hold up in price, and the market continues
steady. There is not much doing in wools, but high
prices are maintained,
NOTTINGHAM, 25th.—There is a little more doing
in lace goods both for the Continental and the home
market, but the orders are small, and likely to con-
tinue so as long as the uncertainty of the price of
the raw material continues. There has been a little
more demand for silk mechlins. All silk goods are
higher in price in consequence of the rise in the raw
materials. Cotton yarns maintain their price, with
the exception of low numbers, which are giving way
a little, but not sufficiently to induce manufacturers
to work for stock. There is also a little more doing
for France and America, but the Italian trade is
very quiet. There has been more business doingin
hosiery, particularly in goods suitable for the home
trade. There are no stocks on hand, and manufac-
turers are determined to make only to order. Yarns
remain firm in price.