The Sun.
London, England, 1847-02-19 00:00:00

STATE OF TRADE.

MANCHESTER, FEB. 16.—During the last few days
there has been more inquiry than for some time pre-
viously, both for goods and yarn. Although little
business has been done, except in cases where holders
consented, under the pressure of heavy stocks, to accept
lower prices, there was upon the whole a more cheerful
feeling on the Exchange yesterday, than on any market
day since the commencement of the year ; and some of
our best-informed merchants and manufacturers ap-
peared to think that there were strong indications of
future improvement. We 1( ern, too, that the advices
received from the United Stated, by the Hibernia, are
very favourable, and give a more decided promise than
heretofore of an extensive business to that country. We
do not learn, indeed, that any very heavy orders have
been received, nor are any such likely to be sent at this
season ; but we believe that the small shipments sent out
at the latter end of last year (some of them of fabrics
which had not previously formed part of the regular
exports to the United States), have been generally sold
at remunerating prices ; and further orders have been
given for those and other goods, so that a large business
for the fall trade is generally expected. But, whatever
expectations may be entertained as to future improve-
ment, the present position of spinners and manufacturers
is exceedingly unfavourable. Probably, at no former
period in the history of the cotton manufacture, has the
margin between the cost of raw cotton and the price
of the yarn, or cloth into which it is manufactured, been
so small as at the present time; and the necessary result
has been the working of short time by a very large
proportion of the trade, and a total suspension of labour
by a number of large establishments. During the last
few days, the greater part of the millowners in Ashton,
Stale) bridge, Hyde, &c., have began to work only eight
hours per day ; and their example is likely to have
considerable influence upon other parties, who have
hitherto persisted in working full time.
ROCHDALE, FEB. 15.—T0-day there has been an
extremely dull market;the worst we have had since this
year came in. Very few pieces have been sold, and
comparatively few buyers have attended the market.
It is reported that two small manufacturers for Black-
water market have stopped payment, and others are
talked of.

HALIFAX, FEB. 15.—Both spinners and manufacturers
experienced a gleam of hope, when they saw the price
of corn beginning to give way ; but the re-action in the
cotton market has dashed their hopes, and made the
gloom darker than before. Wools, both long and short,
having become rather easier to buy, there has been more
inquiry for them, but purchasers have been rather shy,
iu the expectation of a more decided reduction.
HUDDERSFIELD, FEB. 16.—A very dull market we
had, and quite a gloom pervades amongst our cloth
manufacturers. Hopes are entertained that the next
packet from America may bring several orders; but this
is net expected to improve any branch but the makers
of light goods and vestments.
LEEDS, FEB. 16.—We have a poor business doing at
our Cloth Halls to-day ; and there is no new feature in
the state of trade in our district which demands notice.
Both manufacturers and merchants continue to act with
great caution in their operations—the only mode to
Manchester Guardian.
meet the exigencies of the times.—

THE FOOD Clusls.—Ten days ago the Duke of
Portland directed that not any individual of his family or his
establishment should be allowed more than one pound of
bread per day; and that no pies, puddings, or pastry of any,
description should be made for his household. And with re-
gard to the potato, every degree of care and prudence is to
be observed. Let others, of whatever rank, station, or
grade, pursue the same wise plan d, a lan waich, by provid-
ing against scarcity of food, will efepat the wicked purposes
and ends of the provision tttnblers running those seltish men
who are hoarding up provisions and up the cost of
them.—From a Corresporuient.
,
OLDIIAM.—FALL OF A COTTON 1\ lILL. —On Sunoay
last, shortly before one o'clock at noon, ass sma
terll cottonlately mill,
situate near Werneth Coppice, achstreet,
occupied by Messrs. John and Frederick Potter, cotton-
spinners, suddenly. gave way, in consequence of the excava-
tions which are being effected underneath, in the formation
of one of the tunnels of the Oldham Extension Railway.
Fortunately the mill was nearly empty, the greater part of
the machinery and other property having been removed to
another mill. The fallen building was three stories high.
Several houses in the vicinity have also given way, and are
to be taken down. A
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