The Sun.
London, England, 1847-11-15 00:00:00

STATE OF TRADE.

FOREIGN WOOL TRADE.—LEEDS, Nov. 12.—We
have still to report a continued depression in this
branch of trade, the little business that is done being
chiefly in colonial wools from the last London sales,
and at the reduced rates.

ENGLISH WOOL MARKET.—LEEDS, Nov. 12.—
The transactions in wool this week have been very
small; but there has been rather more inquiry, as the
spinners and manufacturers hold very light stocks of
wool, and will shortly be compelled to make further
purchases, even for their present reduced consumption.
LEEDS.—The markets at our cloth halls were ex-
ceedingly dull both on Saturday and Tuesday ; the
latter was about the worst market of the year.
'There
were scarcely any goods sold for shipping purposes,
and, from the continued mildness of the weather,
there was a great falling off in the demand for heavy
winter goods for the home trade. In this state Of
the demand the manufacturers are still further nar-
rowing the production, although the stocks are lower
than usual ; prices in consequence are pretty well
maintained. The mildness of the weather induces
the drapers to hold off purchasing winter goods, and
in consequence there has been a falling off in business
in the warehouses during the week.
BRADFORD MARKET, TB URSD AY, —We regret we
cannot hear of any increased business doing in wool ;
everything is as dull as it possibly can he, and
scarcely a sale making either in Colonial or English.
Of the latter the supply is not materially augmented,
as the staplers are indisposed to purchase, and the
country dealers who supply the commission houses
abstain from sending, in the hope of a better demand.
Prices are barely maintained for English, but Colo-
nial has had to share with the recent fall at the public
sales in London. Yarns—The trade does not sbew
the slightest indication of improvement. It continues
to be on the most limited scale we have ever known,
and every week adds to the gloom, as the time of
working decreases with the shortness of the days, as
but very few are lighting up. The embarrassment
the trade is now labouring under is excessive, es it
affects every class, and the--only means of bringing
about a decided improvement is the extensive cur-
tailment now adopted, which must, ere long,
tell on wool, as the diminished consumption
must increase the supply over previous years
of activity, without which the hope of relief is ex-
tremely distant, as other substitutes are found ill
woollens made from the low-priced colonial wools,
and the reduced price of cotton is now telling more
favourably in Lancashire, by the resumption of seine
very extensive concerns, which had been closed during
the continuance of the high price which cotton some,
time back commanded. Pieces—We do not hear of
any material alteration in the manufacturers' position,
who, for a long time, have had yarns at a very lew,
price. The disposition to make to stock is almost out
of fashion, for looms arc stopped and gas abandoned
as orders fall off. We rather expect some improve-
ment, as the business done during the autumn bss
been a short one, owing to the increased rate of 111-
terest acting as a:barrier to the shippers' operations.
The business done to-day is chiefly in plain reds'
Orleans, Paramattas, &c., at late prices.
MANCHESTER, THURSDAY E TENING.—It if quite
r
out of the question to report correctly the state 01
our goods and yarn market. If sales have been made
to any extent, they have been made under 50u';
peculiar circumstances as to form no correct index of
the general state of things; as large quantities are
for cash, or bankers' bills drawn, so that very I°W
rates indeed have been taken, especially for yarns.
The general opinion seems to be that twist maY„l3e,.
sold for cash, though not at a paying figure. 111
market closes untowardly for both spinners and
manufacturers.
LEICESTER.—The demand both for the London And
country trade has been more limited, and hosiers are
still further curtailing their making. Spinners are
working short time, and much machinery lies idle.
Wools remain flat, and but little doing. Confidence
in trade seems quite suspended, and there is DO
anxiety to push business until it is restored.—Leiceste,.
Journal.