The Sun.
London, England, 1853-07-09 00:00:00

STATE OF TRADE.

(From, the Manchester Guardian of this day.)

MANCHESTER, July B.—The certainty that Wallachia
and Moldavia are now in the military occupation of
Russia increases that dullness in our market which was
previously caused by the anticipation of such an event.
With war apparently imminent, all classes of buyers are
doing as little as possible ; and, in addition to this check
upon business, we have advices from India and China,
which, being in no degree more encouraging than the
the previous ones, tend still further to depress the
goods produced for those markets, especially 39-inch
shirtings, which have latterly been accumulating in
the manufacturers' hands. The prices of these are
scarcely firm ; the heavier kinds may certainly be pm-,
chased at some reduction. On the other hand, the
makers of domestics have now established a moderate
advance. Except in the stouter descriptions, suitable
for home consumption, there is at length a market free
from stocks and pretty well supplied with orders. In
these articles, that diminution of production which has
so long been in progress, is at last making itself felt, but
unfortunately the whole advantage is taken from the
manufacturer by a rapid and very considerable rise in
the yarns he uses, particularly in pin-cops, which are
id. per lb. above the rates current before the turn-
out took place aft Stockport. The operatives
and their employers at Stockport appear to have
made no advance towards an accommodation of their
differences. In Manchester, the mule spinners in
two or three additional mills have left their work. In
some other establishments a compromise has been ef-
fected. The demand for higher wages has not yet ex-
tended to weaving, except very partially. In this de-
partment, the hands seem to be aware that more cannot
be afforded. On Thursday, at an influential meeting of
millowners, the basis of a defensive union for Manchester
was agreed upon ; and, on Tuesday next, a meeting is
to be held, according to • advertisement, for the pur-
pose of forming such an association for the whole district.
It is singular that, in spite of the present diminution in
the consumption of cottona, the trade have this week
purchased 40,000 bales, and that the tendency of prices
is still rather upward.

GLASGOW, July B.—We have no change to report in
our cotton market this week. Business has been trans-
acted at the qUotations of last Friday.
BRADFORD, July 7.—W001: the stocks in hand
previous to the clip were greater than was gene-
rally considered. The prices now sought are therefore
an effectual barrier to trade, nor do we see any prospect
of an improved demand unless sellers moderate their pre-
tensions, or wait till the stocks in hand are used up.
Yarns—The demand for yarns for shipping is not quite
so active as for a few weeks past. The subject of war is
the all-absorbing topic. For spools the demand is steady,
and prices without change. Pieces—The deliveries to
the merchants of orders are going on, but not many new
engagements entered into.—Bradford Observer.
NOTTINGHAM, JULY 7.—Neither the hosiery nor the
lace trade offers any new feature to call forth any remark
from us this week, each business being much in the state
reported for several weeks past. Fashion still continues
against the cotton lace trade, and will doubtless remain
so during this summer. There is a steady and regular
demand for hosiery goods, particularly for those of the
better class ; this circumstance, combined with the fact
that winter goods must now be produced to a consider-
able extent, will keep all hands well if not profitably
employed. In consequence of spinners demanding an
advance of wages, which they appear likely to obtain, it
is thought the price of yarn for each business will be
yet further increased.—Nottingham Journal.
LEICESTER, July 7.—The demand for worsted goods
little doing the shi
except in
shipping orders
ab
te
i tnhgi s nearlyn
common sorts. Work is plentiful and wages firm.
eius
mupsl ue
tael dull,bu t
Cotton hose still continue in request. Worsted yarns
have experienced a decline of id. per lb., and are only,
purchased for immediate wants. In wools but little is
doing, and our market generally is much affected by the
uncertain state of the political atmosphere. It is thought
if the affairs of Turkey were settled, wools would imme-
diately again have an upward tendency, but at present
the utmost caution is used, and speculative purchases
are at an end.—Leicester Journal.

ROCHDALE.—The flannel market has been very quiet
to-day, and the amount of business transacted has been
on a very limited scale. There has been very little
doing in wool ; the manufacturers buy very sparingly.
The extensive wool sales advertised to take place in
London this month, have already begun to influence the
market in favour of the buyer.
HALIFAX.—We have had a very slack market both
for manufactures and the raw material, and the price of
the latter inclining in favour of the buyer.