The Sun.
London, England, 1865-06-03 00:00:00

STATE OF TRADE,

MANCHESTED, June 2.—There has been a very
fair amount of business done to-day in all kinds of
shipping yarns, and prices are strong. Sellers say
a very large trade would have been effected but for
the check given by the constant disposition of spin-
ners to ask higher rates. Spinners are nearly all
deeply under contract for weeks to come, and any
additional business can only be accepted at such ex-
treme prices as buyers are indisposed to give.
This branch of the market, however, closes very
strong. In home trade yarns spinners are asking
*d. per lb. advance ; but though a fair business is
offering at Tuesday's rates, buyers are not much
disposed to follow the upward tendency of values.
The yarn market is generally strong, but the
demand for higher rates has restricted business.
The cloth market still continues comparatively
quiet, buyers refusing to follow the upward
course in prices indicated by the rise in cotton and
yarn. It is difficult to dispose of any descrip-
tion of goods suitable for India. Private telegrams
from Liverpool speak of an easier cotton market this
afternoon, and this is causing some caution here
among buyers of cloth; The great hindrance to
business, however, is high prices and the recent
failures, and others anticipated, both in this neigh-
bourhood and in other parts of the kingdom.
LEEDS.—The following is the trade report of the
Leeds Chamber of Commerce for May :—" In the
woollen trade a moderately good business for the
season has been done in the warehouses, and spring
stocks are pretty well cleared off. In the halls busi-
ness has not been quite so good. The manufacturers
are generally fully employed, preparing for the
winter trade. During the early spring months the
trade was by no means good, but towards the close
of the season it decidedly improved. The public
sales of wool in London commenced on May 11, and
will probably continue until the 24th of June. The
total arrival from all the colonies in times for these
sales will reach 168,000 bales, being the largest
quantity ever brought forward in one series. The
attendance both of home and foreign buyers is large,
and competition lively, especially from the French
buyers, who are buying more freely than ever. So
far prices have ranged as nearly as possible the same
as at the close of the March sales. The quantity of
Port Philip wools now brought forward being so
much in excess of the ordinary import to the same
period, will proportionately reduce the quantity in
August and November. The home demand con-
tinues steady. In English long wools there has been
a better demand, the worsted spinners having put
more machinery to work. Prices have advanced
considerably, and are firm. At some of the fairs the
growers seem to be standing out for extreme rates.
The flax market has improved considerably in
tone. A fair business is doing, and prices are
more settled and firm. Higher rates are demanded
abroad. Tows have been easier of sale, and prices
harder. Hemps are quiet. The accounts of the
growing crops are conflicting, but are generally un-
favourable. The breadth sown is everywhere said
to be less than last year, when, however, it was
unusually large, especially in Ireland. The spinners
are busier, and orders are more freely given. Prices
are firm, and in some cases have advanced.
Threads are not very brisk, but a fair steady trade
has been done. The demand for best iron is not
quite so good as before ; in lower descriptions there
is not much change. The machine-makers continue
well employed, though orders are not so plentiful as
last spring. The toolmakers are busy. Locomotive
and railway plant-makers are well supplied with
orders. In cut nails a moderate business has been
done, but the demand is not quite so brisk. The
seed crushing and oil trades during the past month
have not been marked by any particular new fea-
ture. The rape crop on the Continent being un-
favourably spoken of, and short supplies coming from
India, prices of seed have advanced considerably.
Rape oil, however, remains almost nominal, there
being large supplies on the London market. The
arrivals of linseed into the United Kingdom have
been large, but all has been cleared off the market,
and it closes altogether firmer. A good demand
exists for linseed oil, both for export and home con-
sumption, and prices have an upward tendency. In
olive oil a fair businesshas been done, and prices rule
about the same aslast month. The demand for nearly
all descriptions of leather has been unusually dull for
the season, and more especially for medium sole
leathers. Offal has been in good demand at full
rates. The tanners are fairly employed. In the shoe
trade the demand for the home market is very good and
the makers are busy, notwithstanding that the in-
quiry for some classes for export is dull. There has
been only a limited demand for paper during the
month, and prices are unaltered. The supply of rags
continues liberal. There has been a full supply of
cattle and sheep, which has generally met with a
great demand, and prices have advanced. Number
shown (five markets),—Beasts, 2,212 ; sheep,
21,170. The wheat market has been dull, and in
consequence of the fine growing weather prices have
given way about 2s. per qr. There has been but
little inquiry for barley, and prices are lower. Oats
have been in good demand at full prices. Beans are
dearer.

NOTTINGHAM, 2d.—We had a fair attendance at
our Exchange-hall to-day. There was a fair de-
mand for lace yarns, but an advance of 2d. per lb.
being asked business was checked.