The Sun.
London, England, 1848-10-19 00:00:00

STATE OF TRADE.

(From the Manchester Guardian of yesterday.)
MANCHESTER, TUESDAY.-0111* market has mani-
fested an increased dulness to-day. The sales
effected in goods have in many instances, been at
some further reduction of price; while, as to yarns,
this has been almost uniformly the case, and in a de-
cidedly greater ratio than the former. There
have been operations for various quarters, but
altogether very limited in extent, and leaving an
unfavourable impression from the plain indication
they afford of the probable course of things. And,
indeed, it is perfectly obvious, that, so long as in-
creasing railway embarrassments at home, and actual
or apprehended revolutionary movements abroad, are
conjointly diminishing the means of consumption,
and tying up the hands of the mercantile community,
it is impossible that spinners and manufacturers,
with their mills at full work, should be
able to sustain the value of their productions. As
regards the home trade, we learn from several firms,
that it is very greatly smaller in extent than is
usual at this season, in years of average general pros-
perity. The falling-off lies in the large towns.
whilst, in the rural districts, little change is per-
ceived. Of our city dealers, the great ones are not
much affected by this diminished demand, but the
smaller ones feel it severely. There have been ru-
mours on 'Change to-day of commercial embarrass-
ments, if not failures, in Glasgow, which we have not
been able to trace to any trustworthy source, and
which, we hope, will prove unfounded.
ROCKDALE, MONDAY.—Though there has been a
fair business doing to-day in flannels, yet the demand
has not been quite equal to that of the preceding
week. Wool is much the same as it has been for
some weeks past; the demand is limited, and prices
are stationary.
HUDDERSFIELD, TUESDAY.—A decidedly dull mar-
ket, and but little doing in the warehouses. The stock
exhibited to-day in the Cloth-hall is heavier than for
some weeks past, and some first-rate patterns have
been exhibited. There is scarcely anything doing
in vestings, although the manufacturers are still
busily employed in completing orders to pattern.
HALIFAX, SATURDAY. The attendance in our
Piece Hall to-day was exceedingly slender, and the
amount of business done, either in plain or fancy
goods, was very trifling. In the warehouses, how-
ever, of some of the larger firms there is rather
more doing in fancy goods for the American mar-
ket, but there is not any improvement in prices.
In yarns, there is a little more activity for the
Continent, chiefly owing to the German manu-
facturers having run out of stock, and being, there-
fore, anxious to supply themselves before the closing
of the navigation for the winter season. Prices, how-
ever, continue as depressed as ever. The wool trade
is far from brisk. Middle wethers having been much
inquired for of late, are somewhat scarce, and are
held with greater firmness; but most other sorts sell
heavily, and have rather a downward tendency.
LEEDS, TUESDAY.—The transactions at our Cloth
Halls to-day have been limited to a small scale, a
few heavy winter goods only having changed hands;
both the town houses and shippers begin to buy
sparingly, owing to the advanced season of the year,
when the former seek rather to realise their in-laid
stock than to increase it by fresh purchases ; and when
the latter are debarred from entering into extensive
operations, independent even of internal commotions.
We are, in fact, arrived at the period when our
market generally assumes a flatter tone.