The Sun.
London, England, 1853-06-25 00:00:00

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SUN OFFICE, Six o'clock.

PETERBOROUGH ELECTION.

CLOSE OF THE POLL.—(THIS DAY.)
(BY ELECTRIC TELEG.RAPIL)
Whalley . . ...... • 230
Hankey

STATE OF TRADE.

(Front the Manchester Guardian of this day.)

MANCHESTER, June 24.—The danger of war between
Russia and Turkey has increased so much in the pre-
sent week as still further to restrict the amount of
business in our market. All classes of buyers are
rendered more timid. In addition to this, the ad-
vices received by the overland mail have the effect of
strengthening the indisposition of the India and
China merchants to enter into any operations. We
have, therefore, to report a week of extremely
limited transactions both in yarns and goods. With
all this, however, there is no giving way in prices.
The firmness which prevails is owing to several causes.
Spinners and manufacturers are in general free from
stocks, and pretty well supplied with orders. The
falling-off in the receipts of cotton at the American
ports, and the very great proportion of rubbish now
held, give to respectable qualities somewhat of the
hardening tendency, even under existing circumstance;.
On all hands, the opinion prevails that, if the differences
between Russia and Turkey were settled, the demand
would be such as to cause an advance in cotton, in yarns,
and in goods. At present there is a tendency to a higher
cost of production, arising out of the agitation among
the operatives for a restriction of the hours of labour and
an advance of wages, and this agitation seems likely to suc-
ceed to some extent. Thus situated, producers are anything
but anxious to bring themselves under further engage-
ments, and therefore they maintain their quotations with
unflinching firmness. The turn-out at Stockport con-
tinues without any appearance of concession on either
side ; but it is said the " hands" are receiving hardly
any support from other places. At Blackburn,
the "twisters-in" having struck for an advance of
wages, all the millowners gave notice, a few days ago,
that, if the demand were persisted in, they would, at the
end of a fortnight, entirely stop their machinery both in
the spinning and weaving departments. The conse-
quence is that the people, in at least half-a-dozen esta-
blishments, have ceased operations, without waiting for
the fortnight's notice.

GLASGOW, June 24.—We have had a quiet but steady
market during the week.
NOTTINGHAM, June 23.—The two trades of this town
do not present any new features to call forth remark, as
each continues in pretty much the same condition as we
have reported it for several weeks past there
is certainly not any improvement in the lace trade, but
the hosiers are still well occupied. The high price of
yarns is yet maintained for both lace and hosiery, with-
out any prospect of a reduction being made in either.
LEICESTER, June 23.—Upon a survey of business for
some time past, we find that although an almost unpre-
cedented rise in wools has taken place during the year, a
sustained demand has cleared the market, and manufac-
turers are now found with scarcely an average stock for
the season on hand. That the London and Manchester
approaching
houses
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admits
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no doubt, but the shipping trade being still good, and the
harvest coming on, renders it a moral certainty that
good 'employment for the operatives must continue.
Worsted and cotton yarns fully maintain their prices,
and higher rates in the former are inevitable if wools
maintain their present value. We may notice that al-
though farmers' lots have increased in value from 12s.
to 14s. per tod since last year, and foreign wools in the
same proportion, the demand both here and in York-
shire has met with no check, nor will it whilst trade in
Yorkshire continues good. The recent advance in the
rate of discount has brought prices to a stand at present,
and the uncertain posture of political affairs has put a
stop to all speculation.
BBADFORD.—The trade is decidedly dull, yarns and
pieces being less inquired after. Wool during the last
fortnight has receded Id. per lb. all round. People will
not and dare not operate freely at present prices.