The Sun.
London, England, 1853-09-28 00:00:00

STATE OF TRADE.

(Prone the Manchester Guardian of this day.)
MANCHESTER, Sept. 27.—0 n Saturday and yesterday,
this market in some degree shared the panic which
seized upon shares and consols. To-day, under the in-
fluence of a hope that war might yet be averted, that
feeling has given place to one of less gloom. As regards
business, a proper caution has withheld the buyers from
anything beyond a few limited and necessary purchases.
For it is felt that, with a rising corn market, increased
complications and dangers in the east of Europe, and a
great probability that, before the object can be accom-
plished, a further restrictive action on the part of dis-
counters and the Bank of England will be necessary
there can be no safety in extensive operations. This
has been the predominent feeling of the day, and it has
kept the transactions within limits so narrow as to afford
no test of the state of prices. These are, however,
lower, both in yarns and goods, than they were this
day week ; and, in the former, the fall, from the rates
current two months ago, is very considerable. Goods,
which were relatively much cheaper, were not affected
in the same degree. But there is great irregularity in
the prices asked for yarns, and for some descriptions of
cloth, arising from the varying situations of producers
in regard to stocks and contracts. Yet there is a re-
markable absence of anythihg like a forcing of sales,
though the desire to sell is much enhanced. Among
our neighbours at Liverpool, there is much doing in cot-
ton ; the sales yesterday having been 7,000 bales, and
to-day 8,000, with somewhat more of firmness among
holders than at the latter end of last week, when, in
some instances, low offers were accepted.
_ _

ROCHDALE, Sept. 26.—We have had but little change
in the market to-day ; goods of an inferior quality still
meet a ready sale at former prices. Wool is much the
same as it was on the previous Monday, both in price
and demand.

HALIFAX, Sept. 24. —We have again had a dull
market in our piece hall, and but few worsted goods of
any sort have changed hands. The yarn trade is by no
means brisk, and prices are much the same. Wool is
quiet, with the turn in favour of the buyer.
HUDDERSFIELD, Sept. 27.—We have again to report
a quiet market ; the attendance of buyers has been
meagre, and very little been done, either in the cloth-
hall or warehouses. The only article for which there is
a fair demand is black and white woollen twists, of
which the supply is scarcely equal to demand.
BIRMINGHAM, September 26.—The preliminary meet-
ing of the South Staffordshire iron trade, for the purpose
of declaring the nominal prices of iron for the ensuing
quarter, is expected to take place on Thursday next.
Though the confidence of the public in the decisions of
these meetings has been latterly much weakened, by the
lightness with which advances or reductions have been
adopted, and the rapidity with which they have been
again almost simultaneously abandoned—so much so that
the nominal prices have scarcely ever been the ruling
prices for the time being—still their resolutions are gene-
rally acknowledged as the safest existing guide, and as
operative materially for good or evil. At the present
moment, the circumstances of the trade seem to be suffi-
ciently critical to excite considerable anxiety as to
the adoption of a stationary or progressive policy. In
limestone, and partially in coals, advanced prices have
lately been declared, while the miners have required and
obtained higher wages. To meet this, in some measure,
it is stated that manufacturers have a sufficient margin
to allow considerably higher prices to be given for their
pigs, and that they will have to give them ; but, whether
to a sufficient extent, without advancing their articles,
remains to be seen.—Arin Birmingham Gazette.