The Sun.
London, England, 1847-01-04 00:00:00

STATE OF TRADE.

FOREIGN WOOL TRADE, LEEDS, JAN. I.—Sales have
been more extensive during the past week than is usual at
the close of the year, and recent rates are steadily main-

tained.
ENGLISH WOOL MARKET, LEEDS, JAN. I.—This being
Christmas week, there has not been much business done
—nevertheless there is a decided firmness in the wool
market, and prices have an upward tendency. ,
WAKEFIELD WOOL MARKET, JAN. I.—The last week
of the old year is proverbially a dull one for busine:s,
and the present does not form an exception to this rule ;
there is, however, a very firm feeling pervading the trade
generally for wool of all kinds, and an expectation of
more life in the trade at the turn of the new year.
LBEDS.—On Saturday there was one of the best
markets we have had for a long time, but only for low
goods, such as blues and common wool-dyed blacks suit-
able for the American market, and which have been dead
stock in the manufacturer's hands since the agitation of
the tariff, in the United States last year. One highly re-
spectable house here have availed themselves of the verylow
prices, and have bought largely. In goods of any other
description there was little done either on Saturday or
Tuesday. Prices are pretty steady. As usual at this
season, there is little doing in the warehouses, people
being engaged in taking stock.
MANCHESTER, THURSDAY EVENING.—We have only
to state again, that the cloth market is so unsteady in
prices as to make it impossible to quote the value of any
description of gods. The very great uncertainty as to
how the present speculation will terminate has com-
pletely cut off all speculative inquiries for both goods
and yarns, and the year 1846 has closed with extremely
painful prospects.
NOTTINGHAM.—There is no new feature in the market
to report this week, in consequence of the usual Christ-
mas holidays taking place. No alteration is at present
noticed in the prices either of yarns or nets, but the
unusual speculation still going on in the raw material
begins to wear a serious aspect, and must, if continued,
considerably affect the prices of yarns. The hosiery
trade is still further on the decline.--Nottingham Review.
LEICESTER.—Being holiday week, business has been
stationary in the warehouses, and we have no alteration
to report in either wools or yarn.

Upon an extensive review of the last two months of
the year, it will be found that the value of money has not
much changed. Good bills at three months can be dis-
counted at 31. The prevailing opinion seems to be that
money will keep the same value for some time to come.
The dividends are on the eve of payment, and even if
anticipated to some extent, must still assist in making
money plentiful. The exportation of bullion is still
going on. The next American steamer will take out
400,0001. to buy bread stuffs, and the exchange being at
present in favour of the Americans, it is a question
whether the exportation of money may still go on. If
so, the Bank, to defend itself, may be forced to raise the
rate of interest on discounts. But all this for the time
being is problematical, and the best opinions lead to the
probability that no upward movement will take place for
the next two months, and may not be nece,sa.ry then.
The drain to Ireland is not to be left wholly out of con-
sideration. On the other hand, it must be taken into
account that a very large arrival of bullion from South
America—to the amount, it is said, of a minim and a
half sterling—has taken place within the last day or
two, by the Daphne sloop. Opinions vary as to the in-
tentions of the " Old Lady," in Tnreadneedle-street ;
and matters there are, of course, sub rosa. Stiil the
best opinions are, that mattvrs will be allowed to remain
as they are—for the present.—Observer.
It is supposed that the expenses of the enlargement
of the Euston-square station of the London and North-
Western, now in progress, will not be short of 50,0004

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