The Sun.
London, England, 1853-09-15 00:00:00

STATE OF TRADE:

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(From the Manchester Guardian of yesterday.)

MANCHESTER, Sept. 13.—The more threatening as-
pect of the Eastern question has had an unfavourable
effect upon our market to-day. Still more have we felt
the increasing stringency to which money matters are
subjected. It is not so much that the London discount
houses are requiring higher rates for what they may be
disposed to do, but they are imposing further limits upon
the extent to which they will go in affording accommo-
dation on bills of exchange ; so that it has become ex-
tremely difficult to turn long-dated paper to account.
This, of course, adds to the previously existing restric-
tion upon operations for distant markets, founded on such
draughts ; while a diminished liberality in the ordi-
nary banking facilities everywhere curtails the amount
of ordinary business. All classes of buyers have con-
sequently exhibited a marked increase of caution to-day;
so much so that sellers have not received so few offers
on a Tuesday for a considerable time back. Neces-
sarily, therefore, the bent of prices is more unfavour-
able for producers than it was last week ; there has
however, been too little of a test to afford any proper
criterion of the state of the case, and undoubtedly an
increasing irregularity is-now showing itself as a result
of the expiration, or approaching expiration, of contracts
in many quarters. Yet there remains a sufficient extent
of engagements amongst spinners and manufacturers to
prevent any pressure_to effect

Romp Ali, Sept. 12.—We have had a good demand
for goods at improving prices, more especially for ker-
seys, and low priced pieces. The wool market is steady,
and prices very firm.
HUDDERSFIELD, Sept. 13. —Again we have had a
good market, all kinds of seasonable goods are in great
request, and chiefly those of good qualities. Some heavy
parcels of winter goods, pattern orders, have been deli-
vered direct by the makers to-day. With the con-
tinued and uninterrupted briskness, our market days
are merely repetitions of each other. There is
general activity, much the same class of goods being in
request ; the only difference being that an advance may
be required from time to time by the manufacturer.
HALIFAX, Sept. B.—ln every department of the wor-
sted trade, from the raw material upwards, there is the
same sluggishness of demand which has prevailed for
some time past, and we cannot this week report any
alteration either for the better or the worse.

BIRMINGHAM, Sept. 12.—We have to report a steady
continuance of activity in every department of this
trade, with still stiffening prices. It is now allowed
on all hands that the reduction of 20s. per ton on manu-
factured iron, declared at the last preliminary meeting,
was unnecessary, and a pretty general expectation pre-
vails that the close of the present month will witness its
reversal, putting the price again to 10/. for bars. Orders for
next quarter have already been taken at 20s. per ton
advance, and in some instances refused, 30s. being re-
quired. A wholesome check to speculation has been
given by the late advance in the rate of discount ; but
neither this, nor the unpropitious character of the har-
vest, seem to offer any serious cause of anxiety.