The Sun.
London, England, 1853-07-16 00:00:00

irb 3,,,Tilitin

SUN OFFICE, Six o'Clock.

STATE OF TRADE.

(From the Manchester Guardian of this Day.)
MANCHESTER, July 15. In the foreign department of
hour market, we have still to report a very dull market.
e Want of anything like demand for India is much
t among producers for that quarter ; and the absence
of the buyers for China renders the middle qualities of
40-inch shirtings almost unsaleable, and makes it in-
creasingly difficult to obtain the quoted prices for
16's to 24's water twist from those who are pur-
chasing for other markets, while the increased compli-
cation and more threatening aspect of the quarrel be-
tween Russia and Turkey impair the confidence of all
classes of merchants. But there is scarcely any giving
/ray in yarns for the oriental markets, and very little
Indeed in goods—even in China shirtings. From the
home houses, however, there is a steady call for various
kinds of goods, the value of which is thus firmly main-
tained. The lighter and middle qualities of dome tics
are in good request ; but they do not rise in price pro-
portionately with the yarns they are made from, which
are still inclined to harden. The yarn market through-
out exhibits a remarkable firmness. Spinners show
their confidence in cotton by the extent of their pur-
chases. The prices of the better qualities tend upwards.
GLASGOW, July 15.—A moderate business his been
transacted in cotton during the week, at an advance of
id. per lb on the middling and better descriptions of
American. There has been no change of consequence
in the quotations for inferior sorts.
NOTTINGHAM, July 14.—Both of our local trades
are in as healthy a state as they usually are at this
time of the year ; but as the raw material used in each
business is so much higher in price than it was some time
back, producers are acting with that degree of cau-
tion becoming sensible men of business. We are not
without considerable orders, but, as there is ample time
given to make the goods, warehouse people do not seem
busy. At this season, too, many stocking makers are
employed in the neighbouring villages as haymakers,
and in other agricultural operations.
BIRMINGHAM, July 14.—The quarterly meeting of the
ironmsters of South Staffordshire, Shropshire, and
Worcestershire, was held in Birmingham this day,
and, considering the meetings which have been
held in the earlier part of the
week and the known
firmness of prices, was well attended. There was not
the slightest tendency to recede from the prices agreed
upon at Stewponey a fortnight ago ; but, on the other
hand, in consequence of the improved demand for ma•
nufactured iron, there was, if anything, an inclination
towards an advance. It was reported that 10s. a ton
would be determined upon, but the first firms in South
Staffordshire, as we were informed, decided upon
abiding by the quotations fixed at the preliminary
4leeting. The only other assemblage at which the
pees of iron may be called in question is that at
t:ildie37 on Saturday. That a Stourbridge to-morrow
ho `es chiefly to coal and limestone. The probability,
i_wever, appears to be that iron will maintain, if not
e:Prove, its price for some weeks, if not months to
ofliehe—that is, if unscrupulous speculators are kept out
market.