The Sun.
London, England, 1865-10-28 00:00:00

STATE or TRADE.

MANCHESTER, Oct. 27.-- The American cotton
markets, which received an impulse from Liverpool,
are reacting upon the markets here, and cotton
(which had 'given way 2d. to 3d. per lb.) is again
advancing in Price-
The consequence has been a
much better feeling here to-day in shipping yarns,
and orders to a very fair amount have been given
out at about ld. per lb. above the rates spinners
would have accepted yesterday. This branch of the
market closes better, with a decided upward ten-
dency. For home
.trade yarns there has been a
steady market, with a fair amount of business, and
prices have recovered slightly from the depression
of yesterday. In cloths we have been quiet since
Tuesday, and the market has been characterised by I
inactivity. Buyers have shown no disposition to
operate, even on a moderate scale. There was a
slight improvement at the close of yesterday's mar-
ket, and the advance in cotton to-day has, perhaps,
to some extent, imparted a more cheerful feeling,
but it has failed to stimulate buyers to operate.
Prices of cloth cannot in any way be reported as
improved thereby. Manufacturers are still unable to
obtain even an approach to the cost prices of their
cloth, and consequently there are no contracts given
out to make except for small quantities urgently re-
quired. The actual business of the dayin cloth has
been on the most limited scale.

BRADFORD, 26th.—The wool-market was exceed-
ingly quiet to-day. Various circumstances have con-
tributed to this result, but the principal is perhaps
this :—For a long time past there has been unusual
activity in wool, and most spinners have no
doubt pretty large supplies in hand. There was a
marked absence of transactions, sellers greatly pre-
ponderating over buyers. Still, holders Of wool
generally refused to make any concession in price,
though wherever sales were effected a decline to a
very slight extent had to be yielded. The worsted
yarn trade was also exceedingly sluggish. Spinners
who were still busy refused to make any abatement,
but those who were inclined to sell had to do so at a
sacrifice. There was an improved demand for lustre
yarns, and this was an exception to the general
flatness. There was no appreciable improvement in
pieces. Manufacturers were generally busy on old
contract& The fresh business done was very
limited.

LEEDS, 27.—The following is the trade report of
the Leeds Chamber of Commerce for the month of
October In the woollen trade a very good busi-
ness has been done during the month, both in the
warehouses and the halls. The increasing coldness
in the weather has caused a brisk demand for heavy
winter goods. The manufacturers are now turning
their attention to the production of goods suitable
for the next spring trade. The shipping houses
have been operating freely, especially for America.
The cap trade has been and continues very brisk.
The making up of men's garments is largely increas-
ing, and promises to be a considerable branch of
business here. Since the conclusion of the last series
of public wool sales there has been no very notice-
able feature in the trade, beyond a dulness and
disinclination to buy, except for immediate wants,
which is, no doubt, mainly owing to the unsettled
state of the money market. During the early part
of the month English long wools had an upward
tendency. Prices are still on the whole firm,
though in some instances rather lower rates have
been accepted. There has been a brisk demand
for the better class of flares, and prices have ad-
vanced from £2 to £3 per ton. Common sorts have
not been much sought for, and prices are without
material change. The same remarks apply to
tows, the finer sorts of which are higher, but
the lower neglected. Little has been done here in
hemps. The spinners have received large orders
for linen yarns, and advanced lists have been issued.
There has been a good demand for better sorts of
tow yarns. The spinners are generally engaged for-
ward for somemonths. Threads are without change.
The iron manufacturers continue to be busy. The
machine-makers are still well employed, as are the
makers of engineers' tools. Seed crushers have been
well employed, and all sorts of oleaginous seeds have
advanced in value. The liberal arrivals of linseed
into London and Hull caused a slight decline at the
beginning of the month, but the market closed firm
at the recent advance. Rapeseed is in good demand,
and a large business has been done. Olive oils are
without change, at the recent advance of about 14
per tun, and the trade demand is good. ; There has
been, on the whole, a good business done in leather
during the month. Both heavy and light sole leathers
have experienced an increased demand, at prices
showing a decidedly improved tendency. Dressing
leather has also sold freely, and some descriptions,
such as kips and calf-skins, have been in short sup-
ply, realising advanced rates. All kinds of offal con-
tinues scarce, and prices keep gradually creeping up.
The shoe trade continues good, and all hands em-
ployed. The papermakers continue well employed,
and the demand good. Materials continue plentiful.
There has been a good supply of cattle, and prices
are on the whole unchanged. Number shown (four
markets), beasts, 2,177; sheep, 13,520. The cattle
disease has broken out in the district, especially
among milk cows. There has been a good demand
for wheat, and prices have advanced ls. to 2s. per
qr. Barley has been in demand, aid prices have
risen 4s. to ss. per qr. Oats and beans without
change.

NOTTINGHAM, 27.—At our Exchange-hall to-day
there was a limited attendance, and business in lace
yarns was quiet, at no material change in prices. In
Borne instances, however, rates were rather lower.
The value of hosiery yarns remains about the same.
Silks firm and without alteration. For brown nets
demand continues very dull, recent rates being for
the most part maintained.

Cotton Supply Association.

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At the meeting of the Executive Committee on
Tuesday a letter was read from Naples, describing
the remarkable success which has attended the sow-
ing of a small quantity of Sea Island cotton seed in
that neighbourhood. About a handful of seed
Planted in 1863 produced 831 b. of uncleaned cotton
and with the seed of this small quantity 21 acres
were sown last year, which yielded a bale of 7501 b. '
of clean cotton, which was sold in Manchester at
29d. per lb., New Orleans cotton being worth at
that time 17d. and fair broach 14d. per lb. This is
adduced as a proof that Sea Island seed can be cul-
tivated to advantage in some parts of the kingdom
of Italy. The same cultivator has this year planted
about 35 acres with the last year's seed, and is now
picking the first crop, having already secured about
B,ooolb. of uncleaned cotton ; and should he suc-
ceed in obtaining a fair picking during the present
month and in NoN;ember, he has confident hopes of
realising about 40,0001 b. of seed cotton, equivalent
to ayield of at least 10,000 lb. of clean cotton, which
will afford a profitable return, The accidental recep-
tion of a handful of seed in the beginning of 1863
has been followed by gratifying results, and the
example thus presented is likely to encourage others
to grow this description of cotton. Further supplies
of seed are earnestly desired, and will be forwarded
by the association. A letter was received from
Jamaica, describing the writer's crop as pre-
senting a beautiful appearance, and expressing the
hope that his expectations will be realised. An as-
sociation of some settlers and others has been formed
for the cultivation of cotton and other products.—A
letter from a member of her Majesty's Privy Coun-
cil in Tobago, and the present acting Colonial Secre-
tary, was read, describing the various experiments
which he has made to encourage and establish the
growth of cotton in that island. The staple is repre-
sented to be long, very fine, and white thou h for-
merly cultivated, it. has recently been ; g
growing wild.
It is intended to consign a quantity to the associa-
tion in January. A letter was read from her Ma-
jesty's Consul at Apia Upolu, Samos, stating that,
with a view to encourage the Samoans to grow cot-
ton, he had planted 70 acres with different descrip-
tions of seed, and that he has forwarded to the asso-
ciation samples of the produce. It is calculated that
this year there will be 400 acres under cultivation.
The islands are described as highly suitable to the
growth of cotton. None but the rudest implements
exist. In about four days after sowing the plant
makes it appealtance,
and from four to six months
after planting the cotton is ready for picking. There
is a fine field for cotton growing, but the natives

are lazy. A consular report, forwarded by the
Foreign-office, was received from Paraiba, Brazils,
dated Sept. 6, stating that the first gath( rings of
the new crop are now coming forward, and that ac-
cording to the report made by the pr :z ident of the
province at the opening of the Provincial Chamber
of Deputies, on the Ist August, the product of cotton
in the province for the year 1864 was was more
than double that of any previous year, having in-
creased from 32,651 bags in 1861 to 74,828 bags in
1864. The export this year up to the end of
August has been less than during the same period
of 1864, owing partly to the want of means of trans-
port, and partly to the fall in price, which induced
many to keep their cotton from market in expecta-
tion of another rise. The reports of the new crop
are highly favourable, both as to quantity and
quality ; and if the rains cease, which have lasted
longer and been more copious than for many years,
there is little doubt that the crop will be the largest
ever grown in the provinces, and, it is to be ex-
pected, will reach 100,000 bags.—Papers were re-
ceived from the India-office, containing a report
from the Secretary to the Chief Commissioners of
British Burmah on the extent of cotton cultivation
and the probable out-turn of the crop for the sea-
son 1865-6, as compared with 1864-5, which, in con-
sequence of the price of cotton having fallen, is esti-
mated at 15 per cent. less than the previous year.
The total out-turn for 1864-5 of British Burmah is
stated at 29,283 maunds of 821 b each.—A letter
was read from the honorary agents of the Associa-
tion at Bombay, stating that they have applied to
Government for information from the various col-
lectorates of the Presidency as to the breadth
of land planted with cotton during the
present year, the state of the crops, and
the probable out-turn of the staple ; and that
they have been informed in reply that
Government will not be in a position to furnish the
particulars required before the end of February. A
letter was read from Messrs. Binny and Co.. Madras,
consenting to become honorary agents of the As-
sociation in that Presidency, and stating that four
bales of cotton had been shipped by them on behalf
of the Madras Agri-Horticultural Society.—A com-
munication was received from the South Kensing-
ton Museum, stating that the 28th February had
been fixed as the last day for receiving demands for
space by intending exhibitors at the Paris Universal
Exhibition of 1867.—1 t was resolved to forward a
quantity of New Orleans seed to her Majesty's
Consols at Shanghai and Japan to promote the
growth of a better description of cotton ; and also
to offer medals for the best samples of Italian grown
cotton both from native and exotic seeds in the
Neapolitan Exhibition, which is to be opened in the
month of December. There was no other business.

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