The Sun.
London, England, 1862-10-01 00:00:00

S7A7E OF TRADE.

MANCHESTER, Sept. 30.—There has been no busi-
ness to-day in yarns, but the market has been re-
markably firm. There has not been th • least giv-
ing way; in fact, both spinners and holders for
speculation are asking higher price,, but buyers
seem disinclined to operate at present, and are dis-
posed
to await further accounts from America and
from India before entering upon new engagements.
Some leading houses report that they have not sold
a single bundle of yarn, but we cannot hear of a
seller who has been willing to make the slightest
reduction in his quotations. The cloth market is
also flat. Both buyers and sellers are awaiting
telegrams in anticipation of the Indian mails,
which are expected this evening. These are
expected to improve the position of this market,
though they can hardly bring advices to the date of
the arrival out of the large advance in this market
at the commencement of the present month, which
are those most anxiously looked for here. Until
these arrive there will naturally be a desire to hold
back, though the telegrams now expected should
give an indication of an improved feeling both at
Bombay and Calcutta. Less importance has attached
to the news from America than was expected when
the telegrams which came to hand at the close of
last week, giving an account of the first of the series
of important battles which have undoubtedly taken
place in Maryland. However, prices are decidedly
tending upwards, and wherever buyers have been
disposed to operate they have had to give close upon
the highest rates yet quoted. The transactions,
however, in both yarn and cloth, as a whole, have
been of a very limited character. Messrs. John
Slagg and Co. reports :—" From Tuesday last to the
close of the week we had a very dull and spiritless
market with a decided downward tendency in prices.
Yesterday and to-day, owing to the last accounts
from America, holders have displayed more firm-
ness, and adhere to the full quotations of Tuesday
last ; but so far there are very few offers made to
try them, and the amount of business doing is still
altogether insignificant in amount."
LEEDS, 30th.—There has been a poor attendance
of sellers as well as buyers in the cloth halls to-day,
and hence a comparatively small amount of business
has been done. The tone of the market, however,
was cheerful, and the scarcity of truly seasonable
products on the stands was the chief cause of the
restricted purchases. The manufacturers keep in
good employ, and a considerable bulk of their pro-
ductions are delivered to order, or are sold withcut
coming into the common market. Wools are still
firm in price.

NEWPORT, 29th.—Trade continues gradually to
improve. The ironmasters have acted wisely in the
face of this increase of prices in not showing too
much haste to light additional furnaces. The ad-
vanced quotations might be seriously checked if
the supply were suddenly increased, but as prices
have now reached a point which warrants some in-
crease of supply, it is expected that additional fur-
naces will be shortly lighted. The coal trade has
also improved. From the demand being less than
the supply, as was the case in May and June, mat-
ters have been reversed, and the coalmasters can
hardly keep up with their orders. There is always
a greater inquiry for house and gas coal when the
cold weather comes, but the improved demand ex-
tends to coal for manufacturing and steam purposes
as well. The Newport docks and river have re-
ceived a large accession of vessels during the past
few days, and there is a great improvement at the
port.

ROCHDALE, 29th.—The improvement in the flan-
nel trade lately noticed still continues. The manu-
facturers are now well employed, and they find
good sale for their productions. Plain and fancy
goods are alike in demand, and to-day the purchases
were to a considerable extent. Yorkshire goods,
too, sell much better than they did a few weeks
ago. Prices of all products are firm, and manufac-
turers are not eager to enter into large future con-
tracts, even at the present prices• Wools are held
firmly at last week's prices.