The Sun.
London, England, 1849-10-17 00:00:00

STATE OF TRADE.

(From the Manchester Guardian of this day.)
MANCLISSTER, TIIESDAY.—On Saturday there was a
continuance of the upward tendency in yarns and
goods, which had so suddenly commenced a few days
previously. And the accounts of the growing crop of
cotton, received this week by the Hibernia, being
still in favour of holders, a further rise of
a farthing per pound has taken place in
Liverpool, and additional excitement has been
imparted to our market. Spinners have de,
mended higher prices than before; and, although this
has occasioned more or less of hesitation among the
buyers, and caused most of those to stand aloof who
were well supplied at lower rates, yet some consider-
able individual transactions have taken place, and the
aggregate amount of business has been large. The
operators are home manufacturers, India merchants,
and, still more, shippers to the European continent—
all of whom have found themselves obliged to make
another move in the upward direction.
A large business has been done in certain descrip-
tions of goods. The extreme cheapness of long cloths
and T's has brought buyers freely into the market.
7 8 printers, particularly of light fabric, have readily
commanded higher rates, as have also some of the
wider makes ; and upon 40. inch skirtings, there is a
further rise. In the stouter domestics and fustians,
however, but little improvement is perceptible.
In both yarns and goods much irregularity pre-
vails as the result of diverse views and positions.
Whilst many buyers are freely executing the orders
in their hands, there are others who, having bought
lower do not think it prudent to operate at present
rates. And, again, while some producers are willing
to go on selling at the attainable prices of the day,
not a few are standing out for what nobody will
listen to.
On the whole, the rise in the prices of yarns and
the lighter kinds of goods may be considered as
having kept pace with that in cotton wool. But, it
must be borne in mind that the present course of
things was preceded by a considerable decline in the
value of most of our productions; so that, in
general, no improvement bas been experienced,
except as regards stocks in hand. The
situation of whole classes of capitalists, bad
as it was before, has however been made
much worse ; and under the prevalent excitement
there is a keen apprehension of danger from the pro-
bable cause of the cotton market. Under these cir-
cumstances it is not surprising to find that several
makers of heavy cloths are resorting to short time.
Messrs. Feilden Brothers, of Todmorden, Messrs.
Samuel Radcliffe and Sons, of Oldham and Rochdale,
and Messrs. Jacob Bright and Sons, of Rochdale,
L have put their extensive works upon three or four
days per week.
In addition to the failures named in our last, we

very much regret to announce the stoppage of ir.
Charles P ooley, a highly respectable and extensive
spinner in this town, whose liabilities are understood
to be heavy.
ROCHDALE, MONDAY.—There has been a better
attendance of buyers in the market to-day, and rather
more business has been transacted than on the pre-
vious Monday. The wool market has been rather
easier, and the dealers more eager to sell at the old

prices.
MACCLESFIELD, TUESDAY.—We have no change to
report in the throwing trade since our last. This