The Sun.
London, England, 1853-06-08 00:00:00

SAVINGS' BANKS.

The report on the savings' banks resolutions was
brought up and agreed to.
The other orders were then disposed of, and the house
adjourned at ten minutes to six o'clock.

STATE OF TRADE.

(From the Manchester Guardian of this day.)

MANCHESTER, JUNE 7.--From the American ac-
counts (which are detailed elsewhere) we learn that,
although the advices hence to the 6th May, had occa-
sioned a decline of lc. to gc. per lb. in the New York
cotton market, they had not impaired the firmness of
prices at New Orleans or Mobile. At Liver-
pool the tone of the market has suffered from
the state of foreign polities ; yet buyers have
scarcely been able to secure an appreciable advantage.
At the latter end of last week, our own market was
pretty nearly brought to a stand by the untoward aspect
of affairs abroad. To-day, however, a diminished ap-
prehension of war has abated the depression under
which we then laboured. The transactions of the day,
though still restricted, show some return of demand.
In yarns, there is, for the most part, no conces-
sion from the attainable prices of this day week ;
but it is found that those spinners who were then
too high are now willing to yield the excess. Any slight
giving way beyond this is only partial. In goods,
th?re is a moderate call for domestics, printers, and
shirtings adapted to the home trade ; and, as to prices,
the same remark applies to cloth as we have just made
in reference to yarn. Besides foreign politics a cause of
disturbance to business is found in the unsettled state
of the relations between employers and operatives. On
this subject, we have received the following informa-
tion respecting the dispute at Stockport :—ln reply to
the demand of spinners and weavers for an advance
of wages to the amount of ten per cent., the mill-
owners said— "We will procure lists of wages from
all parts of the district, and whatever they average, we
will conform our payments to that average." From
32 towns and districts within a circumference of thirty
miles around Manchester, such lists have been obtained ;
and from these it results that, in the spinning depart-
ment, the employers at Stockport are paying three to
five per cent. too little upon mules both hand and self-
acting, and five per cent. too little upon throstles ;
while in the weaving department, they are giving ,one
per cent. too much for fine work, in 56 reeds and up-
wards, with yarns above 24's,—and two per cent. too
much for coarse work in reeds below 56's, with yarns
from 24's downwards. It is understood that this result
will be announced by the employers' association, which
is to meet on Wednesday.
HUDDERSFIELD, JUNE 7.—The market has again been
a quiet one, and for at least a month to come we may
expect a stillness in the woollen trade. Merchants only
buy for immediate demand, to complete or fit up orders
on hand. Manufacturers continue to be well employed
throughout the district. If anything, rather more has
been done to-day in fancies, manufacturers of which are
generally busy, especially in plush vestings, for which
there is a good demand.
ROCHDALE, JUNE 6.—The flannel market has not
been quite so good to-day, but those who have sold have
obtained rather better prices. Wool remains firm, with
a more limited amount of business transacted. The
manufacturers show no desire to buy only for immediate
use, and many wish to wait until the new clip comes in.
HALIFAx, JUNE 4.—The attendance in our piece hall
to-day has been but slender, and scarcely any goods of
any description have changed hands. In yarns there
is no alteration, either as to demand or price ; and the
lull in the wool trade continues, without any change in
the quotations.