The Sun.
London, England, 1853-08-25 00:00:00

STATE OF TRADE.

(Prom the Manchester Guardian of yesterday.)
MANCHESTER, Aug. 23.—The telegraphic notice of the
India and China advices, received this morning, has
tended still to keep merchants out of the yarn and cloth
markets ; and the prospect as to the supply of grain in
France and Italy, as well as in this country, is
calculated to operate restrictively upon the money
market, and in that way to limit the purchase of our
fabrics, especially for distant countries. The consequence
is, that we have again had a quiet day ; and, in
some articles, prices are slightly more unfavourable to
sellers than they were last week. This bias is chiefly
observable, as it was last week, in pincops, for domestics,
which seem now to be touching their proper level ; in
some kinds of warps, in 16's to 24's reeled water twist ;
in mule twist, for India, and in wide G E shirtings for
the East. Yet, in these the decline is small. The
makers of the shirtings referred to, are so confident of
a prospective demand, that they have no hesitation
about keeping stocks on hand. But, in some articles
the market is dearer. This is the case with nearly
all doubled yarns ; and the Bolton spinners of
60's and upwards, either have raised their prices, or
are about to do so. In fact, with some irregularity our
market, both in the department of yarns and of goods,
e.-:hibits an aggregate steadiness, indeed firmness, which
naturally results from the extent of the engagements in
band combined with the increasing cost of production.
The advance in wages is going through the district. In
many scattered establishments it is quietly paid, and the
public hear nothing about it. At Blackburn, Preston,
Burnley, Accrington, and the neighbourhoods included
under those names, the ten per cent. is given both to the
weavers and spinners. The Ashton spinners have issued
a circular calling for five per cent. in addition to five per
cent. prev-ously paid. The American accounts show a
hardening tendency in cotton ; but vessels were exceed-
ingly scarce, and freights extremely high.. The printed
circulars say a good deal about rains and worms ; but
the most respectable private letters, and the most trust-
worthy circulars also, describe the season as favourable.
One of the latter, from New Orleans, says, "We ob-
serve some very flattering accounts from the country
with regard to the growing crop of cotton ; the few com-
plaints made are of overmuch rain, causing, as it neces-
sarily will, rot and the shedding of forms and bolls.
But we see no reason to change our favourable opinion
of the prospects for a good yield generally.
ROCHDALE, Aug. 22.—We have had but a poor mar-
ket to-day, being tile wakes, which generally interferes
with blisiness. English wool is very firm, and rather
more inquired after.
HALIFAX, Aug. 20.—The attendance in our Piece-
hall to-day has been exceedingly slender, and scarcely
any worsted goods have changed hands. There is an
improved demand for yarn ; and the buyers are giving
out their orders more freely. The wool market is much
the same as noted in our last ; the prices asked by the
growers being higher than those realised by the staplers.

EMPLOYMENT OF PAUPER CHILDREN.—The Oxford
Board of Guardians on Tuesday morning last forwarded
to Portsmouth twelve youths from their school, having
previously procured engagements for them in the
Portsmouth Dockyards and her Majesty's navy. We
are glad to see the exertions of the Oxford Guardians
on behalf of these poor orphan children. The system
formerly pursued of educating the boys and then placing
them with the adult inmates of the house to pick oakum
or pound gypsum, reflects anything but credit on those
who may have the controlling power over this un-
fortunate class.