The Sun.
London, England, 1853-01-22 00:00:00

STATE OF TRADE.

(From the Manchester Guardian of this day.)

MANCHESTER, JAN. 21—At the beginning of this week
the Canada's advices (New York, 4th January), informed
us that the week's receipts of cotton were 126,000 bales
against 84,000, and the total receipts 1,377,000 against
93'4000, at the corresponding date of last year. But
there was an increased disposition in the south to re-
duce the estimates of the ultimate yield to 3,100,000
bales. For this opinion there does not appear to be any
foundation. Much is said about a heavy falling off in
the receipts being close at hand, but it is not at all pro-
bable that an excess of 445,000 bags will be wiped off.
Nor does this seem to be believed by holders on the
other side ; for, when they gain anything in price, or
recover from any decline, it is mainly in consequence
of improved accounts from this side. Unfavourable
advices hence to the 10th December occasioned a
giving way at New Orleans of lc. to Ac. per lb.,
which was regained on the arrival of better news to the
15th ult. It is evident that prices have been unduly
run up by the extraordinary amount of orders sent out
by British spinners ; and the Americans are constantly
looking for support to the Liverpool and Manchester
markets, with a degree of anxiety which betrays a want
of confidence. We can see no real ground for the pre-
sent reduction of the estimates ; and, making proper al-
lowance for the increase of spinning power, it seems rea-
sonable to conclude that another crop of more than three
'Won bales, immediately following that of last year,
together with a greatly increased import from India,
must give us a moderate range of prices. Let it be
borne in mind, too, that we have now in Liverpool a
stock of 603,200 bales against 408,200 a year back.
There are evidences of the arts resorted to in order to get
up prices, which should put spinners on their guard. For
instance, Messrs. M'Connell, Wanroy, and Co. of Mobile
state that the first tidings they had of a killing frost, and
of destructive rains and floods, came from Liverpool.
On Monday we received the overland letters and papers,
which have led to some purchases of mule twist for Cal-
cutta, and water twist for Canton, at rather better prices,
as well as to a little inquiry for skirtings adapted to the
Shanghai and Calcutta markets, and these goods are in-
clined to harden in price. The home demand for yarns
is fair—for cloth good ; and' the continental houses are
doing somwhat more in the former. Printing cloths con-
tinue to be wanted in a degree which fully sustains their
value. The lighter and narrower domestics are inquired
for by shippers, and the home houses are rather more in-
clined to purchase the better qualities. Our market is
in a sound strte ; producers are bare of stock (except in
domestics), and pretty well supplied with orders, and the
tendency of prices is rather to harden. This tendency
arises mainly from demand ; the American accounts hav-
ing only a small effect. These have more influence in
Liverpool, where cotton has gained id. per lb. in the
week.

BRADFORD, JAN. 20.—Wools— The transactions during
the week are certainly not so buoyant as at the close of
the last and the opening of the present year, nor is it de-
sirable that they should, for the staplers who then cleared
out their stocks have not been generally able to replace
their supplies, and those who have done so cannot offer
on terms so favourable to the buyers. It is quite evi-
dent that the country growers are clinging to their clips,
and the dealers consequently hold for high prices, which
causes the supply coming to market to be diminished.
This will not be attended with any great inconvenience,
as the consumers are in good supply from their re-
cent purchases. Noils and brokes are in good re-
quest, and better prices are obtainable. Yarns—
The advanced prices which worsted yarns are now
commanding has brought quantities out from the ship-
ping merchants for re-sale, and this, along with the pre-
sent production, is going into consumption; so that ere
long the market will be in worse supply, and unless
manufacture is wholly abandoned on the continent, we
may fairly calculate on a further rise, so soon as ship-
ments for the spring are bought. Pieces—There is one
general cry of loss, for to cover cost is impossible. The
prices on all raw material and yarns totally preclude the
possibility of making a profit. This is certainly the time
when merchants are usually dull, for shipments to the
States for the spring are closed, and it is too early for
the home trade. There is a great inquiry for something
new, but there is nothing variable from last season.—
Bradford Observer.

NOTTINGHAM 20.—The lace trade has lately ex-
perienced an increased demand for some kinds of goods,
which we trust may be continued. Amongst orders for
other articles for shipment, is a fair inquiry for curtains.
The price of goods and yarn is not changed. The hosiery
business continues good, and the cotton glove branch is
said to be mending. Nearly every other branch is still
in a flourishing condition, as orders, both for the
home and colonial market, are large. There is not
any alteration in the price of yarn. —Nottingham
Journal,

LEICESTER, JAN. 20.—Notwithstanding the advance
of yarn but few hands have been suspended at the pre-
sent, the shirt and sock branches continue good, and
the fancy branch has been relieved by shipping orders.
Yarns are firm, but in limited demand. The cotton de-
mand continues good, and the wool market continues its
upward appearance.—Leicester Journal.