The Sun.
London, England, 1853-03-19 00:00:00

tibtr4 '.4.7l.EZlttto

SUN OFFICE, Six o'clock,.

STATE OF TRADE.

(From the Manchester Guardian of this day.)
MANCHESTER, March 18.—There certainly is nothing
in the transatlantic accounts received this week, to alter
the view which was before generally entertained as to
the prospect of an abundant supply of cotton ; and yet
these accounts have influenced both our market and that
of Liverpool, in an upward direction. It might, in-
deed, be expected that, without any impulse from the
States, some increase of firmness would now, for a time,
follow the decline which has taken place. More than
this there seems to be no real ground to anticipate ; for
such advices as have come to hand from the principal
foreign markets are not calculated to do us any good.
At Bombay, the sales of goods were of fair extent, but
at somewhat lower prices ; whilst mule and water
twist were rendered dull, and unfavourably affected
in value by heavy imports • the exchange, at the
same time, having considerably declined. Still, the
market was in a sound condition. At Calcutta, instead
of any improvement having arisen, business had be-
come increasingly depressed under favourable advices
from the interior ; and both goods and yafns were diffi-
cult to sell on somewhat reduced terms, which were,
however, in some degree met by a slight improvement
in the rate of exchange. The Canton market is reported
as worse than it had been ; and, at Shanghai, the rebel-
lion had put a stop to trade. Yet, from Tuesday to
yesterday, a more buoyant spirit appeared to be
coming over our market. It was only on Saturday
and Monday that, from a very general apprehension
as to the maintenance of the existing redured prices.
sellers were either prepared or preparing to yield to
terms which would not have been listened to, for a mo-
ment, a few days before. It was curious, therefore, to
note a sudden accession of firmness, manifesting itself
in a manner and degree which found no explanation in
any intelligence received from the west, and still less in
that from the east. We were all in better spirits,
and inclined to look up, though not well able to say
why, And now, the surplus of buoyancy is as suddenly
disappearing. The market is tamer ; and the more
sanguine among prodacers are moderating their de-
mands. The less sanguine and more experienced are of
opinion that prices may now become steadier for a time,
than they have latterly been ; more than this they do
not expect. The trade have purchased about 37,000
bales of cotton in Liverpool during the week ; and prices
are reported id. higher from " fair" upwards. We lately
stated that several failures of respectable native houses
had taken place in Batavia. The following communica-
tion, with which we are favoured by an eminent firm in
this town, reports, we are sorry to say, some additional
stoppages : The accounts from Batavia, dated 28th
January, continue to be of an unfavourable cha-
racter. Further failures among the dealers had
taken place, and business was almost at a stand
still. Stocks of prints, and of gray and bleached
shirtings, were very large and daily increasing. With
Dutch calicoes and madapollams the market was also
largely overstocked ; and some time Must necessarily
elapse before business can assume its wonted course ; so
that at present further shipments of any moment can
only retard that improvement which is much wanted."
GLASGOW, MARCH 18.—In the cotton market there
has been a good demand from the trade, with some
speculation at prices fully id. higher than this day week.
BRADFORD, MARCH 17.—Wools—The large purchases
made at the close of last year generally put the spin-
ners in good stock, and since the opening of the
present their operations have been only of an as-
sorting character ; every week, however, showing a
manifest change in the inquiries, no doubt from their
stocks getting nearer wrought up. For anything good
in class the dmand is fully equal to the supply offering,
and the prices are very discouraging to the buyers. The
staplers, on the other hand, contend that if they dispose
of their present stocks, they cannot replace on terms that
will enable them to meet the current rates here. In
broke and noils the inquiry is active, and the prices firm.
Yarns—Many contracts made for yarns some months
past' are now drawing to a close, and inquiries are
making for re-purchase, but the prices now demanded
are such as to completely paralyse the manufacturer ;
and such spinners as have had wool to buy to cover
orders taken, have been working to a great loss. A
great quantity of yarns was purchased after the shipping
season had closed for Russia, last autumn ; and owing
to the export trade not being active, have been brought
into the market and resold at prices that would afford a
small profit on the purchased price, but far below the
current rate sought by the spinners. This stock seems
exhausted, and the prices having ruled too high for
speculation, there is nothing to fall back on, and reeled
yarns are now better• sale than for some months
past. Pieces—Manufacturers find their difficulties
increase, for it is impossible on any kind to cover cost.
The advance on yarns and wool is such as will of neces-
sity, ere long, compel the necessity of either running
short time or stopping machinery, unless a most decided
advance can be realised to justify the present produc-
tion. —llradford Observer.
NOTTINGHAM, March 17.—The hosiery trade remains
still in,a prosperous condition, that portion of it for home
consumption particularly ; but in addition to which some
additional orders for spring goods have been received
from the United States, and more are expected. These
circumstances combined are rendering the hosiers unu-
sually busy ; there is, therefore, a prospect of a good
business continuing for the greater part of this year—
especially to Australia, from which quarter we continue
to receive accounts of prosperity. The lace trade is not in
so good a position as we could wish to see it, the season
considered especially ; it is true, a great number of buy-
ers have been here recently, but their purchases have
been unusually limited, and remarkably so at this period,
as sales of our goods are usually extensive just prior to
Easter. It is said spinners of fine yarns are looking for
an advance of prices— should this be the case it will
militate seriously against lacemakers. Spinners of hosi-
ery yarn might, probably afford their material at a trifle
less, but, as there is a scarcity of useful Nos. it is barely
probable that a reduction in this article will be made.
It is supposed the price of lace yarn will be still further
enhanced.—Nottingham Journal.