The Sun.
London, England, 1838-11-12 00:00:00

STATE OF TRADE.

(From tile feeds. Mercury.
TRADE OF LEEDS.—Both on Saturday and on Tuesday
there was but a very thin supply of fresh made goods brought
to the Cloth-halls, and in consequence, less business was
done; and the stocks on hand at the close of the markets
were left very low. Although business is rather dull in the
warehouses, there has been a little more stir with the shipping
houses.
BRADFORD MARKET, TIIURSDAT.—The piece market con-
tinues in a very flat condition, yet not more so than is usual
at this season of the year. The manufacturers still complain
that they are doing no good by making pieces ; still the de-
mand for yarn continues good, and prices remain firm. It
seems, as far as we can learn, that new channels have been
opened for the merchandise of the spinners ; and this serves to
keep their mills employed, although the staple manufacture
of the town is certainly not in a thriving state. The market
is still sustained, b th as regards demand and prices; indeed a
slight advance is now mere general, and it is thought the
reluctance of growers to sell unless higher prices are offered,
will tend to keep the supply comparatively thin in this market.
HALIFAX MARKET, Nov. 10.—Our market to-day has been
well attended by merchants, who have bought pretty freely.
Much more business would have been transacted had not ma-
nufacturers held out for a considerable advance; a partial one
they obtained, and if they hold out a little longer it is pro-
bable they will obtain a remunerating price upon every de-
scription► of lastings, which has not been the case for a long
time. The Yarn Market is better. The late advance on
Wool is fully maintained to-day. Spinners, however, specu-
late but little, thinking it prudent to hold moderate stocks,
at the present high price of Wool. Middle wethers arc quoted
at 16/ per pack.
WAKEFIELD WOOL MARKET, NOV. 9. —We have a steady
and regular demand for all descriptions of combing as well
as short Wools this week, and fully maintain the late advances
in them.

YORK WOOL MARKET, Nov. 8. A very few sheets of
Wool were shown today, but there being several buyers in
attendance, some business was done in the Wools in ware-
houses, at no alteration in prices.

REPORT OF THE WOOLLEN TRADE FOR THE MONTH OF OCTOBER.

Nov. I.—We have to record more favourably of October
than the preceding month ; though it is a rare occurrence for
the later months of the autumn to excel the earlier. The
variation, this year, is unquestionably owing to the arrival of
considerable orders from America, and especially by the Great
Western. In the home market—that is—in the provincial
districts, a fair, but by no means extensive business has been
done, but in the metropolis trade has been, on the whole, flat,
and below the average of the season. This may perhaps be
attributed to the circumstance of the wholesale houses having
bought freely early in the season, and being unwilling to buy,
except for mere assortment, until the advance in the price of
wool shall have stood the ordeal of the winter months. The
Irish buyers, in general, have made considerable purchases,
although they have given the advance on the lower qualities
with great reluctance, and have taken less of them tha,- they
intended; preferring to work off their old stocks, and wait the
result of a few months, like the London buyers.
The stock of balk cloths has been greatly lower during the
month, and the assortment is now very deficient.
As an unavoidable consequence of the briskness of demand
in the halls, wool has risen in price, from 71 to 10 per cent.
during the month, and is now held at prices certainly not JO
per cent. under the highest limit of 1835 and 1836. From
the tone of the market, and the disposition of the holders, we
should not be surprised to see the limit of those years equalled,
before the Ist of February next.
With the prospect of such an advance before them, even
merely as a probability, we need not say that the manufacturers
have difficult cards to play. They will do well to examine
carefully the probable extent of the demand for goods or the
next three months, and to regulate their production of them by
the result of that inquiry.