The Sun.
London, England, 1862-10-15 00:00:00

STATE OF 7RADE-.

MANCHESTER, Oct. 14.—Merchants are in pos-
session of telegrams from Calcutta to the 25th of
September, quoting 71b. shirtings at 12d. per piece,
811 b. ditto at 10. W., and 40's twist ltd. per lb.
higher, Telegrams from Bombay to the 27th of
September state that 811 b. shirtings had advanced
6d. per piece, and cotton 10 to 20 per cent. As at
these dates the markets in question would be in
possession of the exciting news from here to the 2d
of September, when goods went up enormously,
these advices have caused great disappointment in
the Manchester market to-day. The advances
quoted are quite out of proportion to those which
have taken place here, as will be gathered from the
fact that the price of 71b. shirtings at Bombay
would be only raised to 1 ls. 10d. per piece, while
the price in the Manchester market to-day is 14s.
6d. to 15s. For 81,1b0 shirtings at Bombay the
price, with the advance named, would be only 135.,
while the selling price hero is 17s. Business on the
part of shippers, therefore, is out of the question;
manufacturers cannot afford to give way at the pre-
sent cost of cotton ; but holders of cloth on specu-
lation have shown some symptoms of weakness,
and where they have sold have been obliged to
make a great reduction—say ls. per piece; but the
amount of business has been altogether on a limited
scale. The market is unfavourably affected by the
rumours from America of proposals for peace. The
trade circulars quote the same rates as last week,
because sellers are not authorised by manufacturers
to make a reduction; but any attempt to do busi-
ness at these prices is ineffectual. In yarns there
has been no business done. Holders are still firm, but
business is checked by the circumstances above al-
luded to in yarns as well as in cloth. A requisition is
in course of signature to-day to the Chamber
of Commerce, calling upon the directors to take
advantage of Mr. Cobden's approaching visit to
Manchester to invite him to meet and address the
Chamber. It is expected that if the hon. gentleman
accepts the invitation his address will be mainly
directed to the question of international maritime
laws, including the subject of commercial blockades.
Messrs. John Slagg and Co., referring to the cloth
market to-day, report Since last Tuesday we
have had a very quiet market, and the amount of
business done has been on a very small scale. We
do not alter our quotations, but if goods were pushed
on the market lower prices would have to be ac •
cepted. The accounts from Calcutta to the 26th
and Bombay to the 27th of September have disap-
, pointed both buyers and sellers, as a considerable
advance on last quotations was anticipated."
LEEDS, 14TH.—There has been a moderate attend-
ance in the white coloured cloth halls this morning..
The demand was rather quiet, yet the bulk of sea-
sonable fabrics which changed hands was about to
the same extent as on this day se'nnight. Witneys,
naps, fancy tweeds, and ladies' cloths are among
the chief articles sold. There is also a fair business
doing in the shawl trade. Good union cloths, owing
to the high price of cotton, command sales at a con-
siderable advance on late quotations. Except in
good blacks, there is not much doing in plain goods.
inpgroasn-
ROCHDALE, 13TH.—There was a good market for
flannel to-day, and late prices were fully maintained.
The The manufacturers, as a rule, are not disposed
the°severy
take orders for future delivery, excetpt
balk of the
highest current rates. The great
machinery is running full time; The Yorkshire
soarlets,ac and prices being
pects of the trade
aarffeoarir satisfactory.
vtirviec
es,taaatndeedtahtthough
wintere
well off for stockt,enardeenne
goods trade is in
firm.inc e a s ed
Wools demi jenredrpe
Pretty
i u
being market bas an upward oyt,
efaacgteurr manu-
facturers,
ens,