The Sun.
London, England, 1865-05-31 00:00:00

STATE OF TRADE.

MANCHESTER, May 30.—For shipping yarns we
have had a more active demand than on Friday,
and but for the extreme prices demanded by spin-
ners it is generally thought we should have had a
considerable business to-day. The market for all
kinds is strong, with a decided upward tendency.
Yarns suitable for India are quiet. The market for
home trade yarns has been strong, at an advance of
something like id. per lb. on the rates of Friday,
caused by the upward tendency of cotton in Liver-
pool. A moderate amount of business has been
done. The rise in the Liverpool cotton market is
attributable to the relatively high prices of cotton
ruling in New York, quoted 53 cents in the advices
by the Hibernia, which arrived this morning. The
cloth market still hangs behind that for yarn, and
shippers especially decline to follow the upward
tendency of prices. One cause of this is a prevail-
ing impression that the advance in cotton will not
be sustained, and that a reaction may be expected ;
but the main cause is to be found in the tenour of
the advices from India. There are telegrams from
Calcutta and Bombay of the 26th inst. Those
from Bombay speak of six or eight failures there,
including one of the banks, and report the prices
of Manchester goods still depressed. At Cal-
cutta also on the 26th prices were lower, with
very little business doing, and a flat feel-
ing. These advices have had an evident effect
upon the Manchester cloth market to-day,
and fabrics of all descriptions suitable for
the East have been scarcely saleable for the
prices of last week, notwithstanding the advancing
tendency of both cotton and yarn. The business
done in these goods has consequently been of a
very limited character. There has been a little
doing in printing cloths and in goods suitable for
the home trade, but sellers find themselves unable
to get an advance except in exceptional cases where
suitable cloths are scarce.

LEEDS, 30th.—The attendance of buyers in the
cloth halls to-day has not been large, and their
operations have been limited and miscellaneous, like
those of the last few market days. Purchases are
about equally divided between ordinary plain goods,
and those for the colder season of the year. The'
export trade keeps steady rather than brisk, and
little or no improvement is noticeable this month
either for Canada or America, but there is a little
more inclination to do business with the Federals
than was exhibited at the early part of the year.
The smaller manufacturers of the neighbourhood
report themselves not to be so busy as they were in
the spring, but there are few hands totally unem-
ployed. The dressers and finishers in the borough
are also less employed than they were a month ago.
Prices of wool, yarn, and goods keep alike firm.
NOTTINGHAM, 30th.—There was a moderate at-
tendance at our Exchange-hall to-day, and the de-
mand for lace yarns was steady, the full rates of
last week being well maintained. For hosiery yarns
the demand was firm, and prices had a tendency to
improve. Spun silks may be quoted 6d. per lb.
higher than last week. The demand for brown nets
was less active, some large houses being engaged in
stock-taking. Prices for these goods remain with-
out material change.
ROCHDALE, 29th.—The flannel market was but
indifferently attended, and yet there is an improved
tone both among buyers and manufacturers. A fair
amount of business was done, considering the flat-
ness of the past month or two. The quantity of
fancy flannels sold was a tolerably good average.
There was rather more doing in Yorkshire woollens,
and especially for superior goods there is a satisfac-
tory inquiry at advanced rates. Merchants have
been giving out orders, since our last report, a good
deal more liberally than for some time past. Pur-
chases from stock have been somewhat extensive.
There have been cases in which the buyers have
made good bargains, but generally manufacturers
are very obstinate in their adherence to high prices.
The dearness of wool is most strictly maintained,
and this is owing not a little to the fact that the
stocks held by local staplers are small, and that
there have been among the buyers those who do not
generally resort to this market.