The Sun.
London, England, 1853-07-20 00:00:00

STATE OF TRADE.

(From the Manchester Guardian of this day.)
MANCHESTER, July 19.—There is nothing in the Ame-
rican advices respecting cotton to stimulate prices on
this side ; neither is there anything to diminish the pre-
sent tendency to look for a continued firmness of value.
The tone of confidence, however, in which Lord Claren-
don last night expressed his belief that the Russo-Turk-
ish question would be settled without a resort to war,
has exercised a slightly favourable influence upon
both the Liverpool and Manchester markets. We have
had a more cheerful day than for some time back, with
an increase of inquiry, and, to some extent, of business
also. The Germans have ventured to do rather more in
yarns ; but the home buyers continue to be the prin-
cipal operators. The general tendency in prices is there-
fore still to harden ; and some kinds are quoted rather
higher than they were last week. As regards goods, we
may state that there has been a more general inquiry than
we have had for the last three or four weeks. For some
foreign markets there is a steady demand, and a large
businessis doing in the home trade. Prices are well sup-
ported. The departments that must be excepted from
this favourable statement are those of yarns and goods
particularly adapted for India and China. These articles
are certainly not improved by the accounts which have
come to hand this week ; but no offers are made which
can test prices, and the quotations, therefore, are the
same as those of last week.

ROCHDALE, July 18.—To-day has been the quietest
market we have had this year. Very few pieces have
been sold, but prices have undergone little or no change.
In wool there has been very little doing ; the manufac-
turers appear unwilling to purchase except for immediate
use.

ece hall, .- - , July 16.—The trade in our •
well as in the , is still exceedinglypi
ITALIE' ve
warehouses
as inlimited,
, consequence of the relations, there is
any engagements,
scarcely any disposition to enter into
Binunioniut ,
July
for wools, yarns, or pieces.
ton, declared Eby lB.—The reduction of 20s. per
trade, has by n the last resolution of the iron
cheap Customers. 033urnrrns satisfied the cravings of
concluded the same feeling of dissatisfaction has still
clamouring forfurtherconcessld iog
of orders— -the same
of purchases to the supply of.
urgenta the same restriction
facturers have, however, at length
necessities. Manu-
series of continued reductions, white
learnt that a
t-i obtain any advantage in the cost they are unable
or increase of demand, is rather aO.Std °I
production
to carry too far ; and as the large marginanr°u game
declared prices and undersellers' quotation.
s has
Ireduced to such an extent as to be more than ScB been
by the difference in quality, a stand has been covered
and further giving way refused. On Wednesday, at Wol-
verhampton, there was a numerous attendance, and the
settlement of accounts appeared very satisfactory_
little beyond was attempted. On Thursday the un-
usual inclemency of the day kept away many from
our Town Hall, but the assemblage included manu-
facturers and merchants from all the districts in
the kingdom. Towards the close of the day the
determination to adhere firmly to present prices became
better understood, and at once produced a favourable
effect. Afterwards considerably more business was done,
and on Friday and Saturday a still better feeling was
evidenced. In the pig trade a very wide difference of
price exists, but not more than the equivalent in quality.
st Staffordshire and Shropshire pigs bring .
are ng 51.
per ton, • • while the inferior sorts are to be had at all
Prices as low as 3/ It is greatly to be regretted that such
large quanties of :
cinder and rubbishy
ore from other dis-