The Sun.
London, England, 1862-06-11 00:00:00

STATE OF TRADE.

MANCHESTER, June 10.—The political news from
America, the improved commercial advices from
India, the firmness of the Liverpool cotton-market,
and the harvest prospects, all conspire to-day to
give more confidence, and we have again had a
more active demand for cotton yarn and cloth. In
yarn there has been a good deal of business, and
prices have advanced id. per lb. upon last week's
rates. The business would have been a good deal

larger had spinners been willing to accept the rates
they would have taken on Friday last, but there
is a general disposition among all classes of pro-
ducers to raise their terms, and they find their
hands a good deal strengthened by the activity and
firmness at Liverpool and the growing scarcity of
the raw material. We have found merchants buy-
ing yarns for all markets to-day—China, Bombay,
Calcut a, the Mediterranean, Germany, and the
home trade. Doubled yarns, which have of late been
much neglected, have been a good deal inquired
for, and there has been a fair business, ranging over
all counts, from 80's to Igo's. The telegrams are
from Calcutta to the 24th and from Bombay to the
26th of May, quoting a considerable advance in
yarns, and of 1 anna to 4 annas (lld. to 6d.) per
piece upon the various descriptions of shirtings.
This news, with the continued advance in cotton at
Liverpool, has caused a considerable business to be
done in our Manchester cloth-market yesterday
and to-day, and the sales embrace most of the usual
fabrics for India at an advance of 1-3-el per piece, and
in some instances rather more. Most of the old
stocks of cloth, which have been held from six to
nine months past, made of American cotton,
have this week been cleared" off. Low T-cloths,
longeloths, and domestics are more difficult of sale.
Messrs. John Slagg and Co. report :—" Since Tues-
day last there has been a large business done in the
better qualities of India and China shirtings at the
full rates of that day. Yesterday and to-day, owing
to the better accounts to hand per telegraph from
Bombay and Calcutta, and the continued rise in the
Liverpool market, an nbuat so fardvance this of 3d.iasboebeeutks b
perunsipieescs.
Iu other piece
is generallyoer goodsasked, there is no change to report, the
demand continuing on a very limited scale, but
prices well supported."
LEEDS, 10th.—The markets in the woollen cloth
halls to-day have been of a holiday character. T.
tone of the markets, however, was cheerful, as hOpes
of a good autumn trade are generally entertained.
Stocks of goods in the hands of retail dealers are
below an average, and there is little that is old held
over, or if there be it will not supplant the new
manufactures which are likely to be fashionable in
the colder season of the year, both for male and
female attire. The wool purchased at the recent
series of colonial sales in London is coming to hand.
It is well reported of, being mostly of the medium
or best qualities. Generally the price of wools,
English, colonial, and foreign alike, are steady.
ROCHDALE, 9th.—The market for both flannels
and wools has been of a quiet character to-day, but
fair business is reported from the warehouses during
the past week. The finer and medium qualities of
goods are the most in request, but little being done
in low goods. The shipping trade remains flat, es-
pecially the American trade. The ' orkshire goods
trade is much the same as lately reported. The
prices of wool keep steady, and there is a fair de-
mand, considering the usual disposition shown on
the eve of the new clip coming into the market.

THE NEW FOUNTAINS IN TRAFALGAR-SQUARE,
Yesterday the construction of the new fountains in Tra-
falgar-square having been completed, the workmen com-
menced clearing out the basins and removing the debris.
The new fountains will play for the first time on Thursday
morning,