The Sun.
London, England, 1865-07-01 00:00:00

STATE OF TRADE.

MANCHESTER, June 30.—The market for export
yarns to-day is reported to have been a perfect
blank. No transactions whatever have taken place,
and it is quite impossible to say what the decline in
price is as compared with Tuesday's quotations,when
the reaction was setting in. To force sales to-day
at least Id. to 2d. per lb. decline would have to be
submitted to. This branch of the market closes
with a still further tendency to decline. The market
for home trade yarns is also drooping, and very little
business has been effected. There is no doubt sellers
would listen to offers of at least 2d. per lb. decline
on Tuesday's rates, if such offers were made. In
the cloth market there has been no buying, and in
fact the men to whom goods are generally sold or
offered are themselves rather anxious to sell. The
quantity held on speculation and for re-sale is
considerable, and has been offered at rates which
entirely deprive manufacturers of the opportunity
of taking contracts at anybutruinous rates. In such
a state of things it is almost impossible to quote
prices with precision, but it is pretty nearly equal to
that on yarns. There has not been business enough
offering fairly to test actual values. To-day many
manufacturers say they observe a check to some ex-
, tent of the depressionin values, and a slight improve-
ment of tone in the cloth-market, but it does not
manifest itself in any augmentation of business, and
we close very quiet. The collapse of the cotton-
market came rather suddenly, but it had been not
unlooked for, and, as stated in our later reports, a
good deal of uneasiness had manifested itself, among
buyers of cloth especially.
LEEDS, 30th.—The following is the trade report
of the Leeds Chamber of Commerce for June :
" In the woollen cloth warehouses there has been a steady
demand for the season. In the halls business has on the
whole been better. The manufacturers continue to be fully
employed preparing winter goods, for which considerable
orders have been given. The cap trade has not been quite
so brisk. The London sales of colonial wools closed on the
24th, when not less than 168,000 bales passed the hammer,
being considerably more than was ever before brought for-
ward in one series. Prices though moderate have been un-
usually steady throughout. To this result the reduction on
the rate of interest and thegeneml soundness of trade have,
no doubt, contributed. The French were large buyers, the
Belgian and German smaller. Altogether it is computed
that two-fifths of the entire quantity have been taken for
export. The home trade continues steady, without being
brisk. There has been a good demand for English long
wools, and prices have advanced. There is a great difficulty
in obtaining as high prices in the market as have been given
at the fairs. There has been much excitement in the flax
trade. Prices have very quietly advanced, and are atleast
£lO or £l2 per ton higher than last month. This has been
partly caused by the steady advance in cotton, but much more
by the unfavourable reports of the crops from the growing
countries. In France and the low countries the plant has
suffered greatly from the dryness of the weather, and it is
now too late to expect much improvement from a change.
From Russia the same complaints are received, and to some
extent from England and Ireland. Tows are not in good
demand, and have by no means advanced in proportion to
flax. There has been an improved demand for linen yarns,
and all the spinners are asking and obtaining higher prices,
but not many very proportionate to the advance in the raw
material. Tow yarns are dull of sale.' Threads continue
steady. The demand for all descriptions of iron has been
quieter, though a fair business is still being done in the
commoner sorts. The machine-makers are very fairly em-
ployed. The engineer tool trade is good. The locomotive
and railway plant makers continue busy. The inquiry for
cut nails is not so good. Seed crushers have been actively
employed, and a large business has been done both in lin-
seed and rape oils at increased rates. In rapeseed there has
been little done, as stocks are exceedingly low both in Lon-
don and Liverpool, and the new crop on the Continent is
reported as bad. Continued dry weather both here and on
the Continent and the fears of a deficient crop of turnips
have caused a considerable demand for linseed cakes. Baltic
linseed has risen considerably in value, and an active in-
quiry exists at full rates for all fine seeds. Olive oil has been
in good consumptive demand at full rates, and a fair business
reported. There has during the whole of the month been
a good demand for all descriptions of leather, except for
heavy sole leathers, as is usually the case at this season.
Prices are firm. The tanners are better employed. There
has been a good business done in all descriptions of shoes
suitable for the season, and the makers are in full work.
There has been'au increased demand for paper, and the
manufacturers are working to order, with a fair prospect of
a good trade. The market is well supplied with material.
There has been a fair supply of cattle, and prices have been
very firm. Numbers shown (four rnarketsbeasts, 2,022 ;
sheep, 14,050. There have been fair supplies of wheat with
a good demand. Prices have recovered the fall of last
month. Barley has not been much sought for, and prices
are in favour of the buyers. Oats are dearer. Beam with-
out much change."
NOTTINGHAM, 30th.—The attendance on 'Change
to-day was by no means numerous, and the demand
for lace yarns was limited, at rather under the rates
of Tuesday last ; in some cases prices were id. to
14d. per lb. lower. The demand for hosiery yarns
was less active, and prices had a tendency to re-
cede. Thrown silks were dearer. Spun silks have
advanced fully ls. per lb, during the week. The
demand for brown nets is on the whole steady, and
prices remain stationary.