The Sun.
London, England, 1851-03-13 00:00:00

STATE OF TRADE.

(From the Manchester Guardian.)
MANCHESTER, TUESDAY .—Achices were received
yesterday, by the Africa, stating that a fall in cotton had
taken place at New York of fully lie. per lb. This pro-
duced an impression that a greater decline must ensue in
our market than has actually been experienced to-day.
Yarns, whether for exportation or fur home consumption,
have been purchasable at a reduction of id. to id. per
lb. below the rates of this day week; but all producers
are not disposed to yield so much, and some hold
to their previous terms. They see that the reported
state of things on the other side, though partly occa-
sioned by an excess of 100,000 bales in the receipts at
the ports, is yet, in a great measure, the result of the
prior depression in Manchester, and has therefore been,
in a great degree, anticipated—a view of the subject
which was shown by the telegraphic account received on
'Change, at noon, to be entertained at Liverpool also.
Looking at the matter in much the same light, the buy-
ers have been less affected than, from the amount of
the decline in the States, taken by itself, they
might have been expected to be. Both the home con-
sumers and the shippers have made limited purchases,
where they could do so at some such reduction as is
named above. Goods have suffered relatively more than
yarns. Some manufacturers hgve, however, met the
buyers, and so succeeded in effecting sales, though, for
the most part, within narrow limits. The worst
effect of a change like this is that which is pro-
duced on our foreign customers. It appears
from the German letters, received this morning, that
confidence in the maintenance of prices, in this market,
was beginning to revive, so as to induce the manufactu-
rers to venture upon increased purchases—a step towards
improvement which will be rather checked by the next
advices hence. So bad has the manufacture of some de•
aeriptions of cloth become, particularly 7-8 printers, that
many looms have been of late, and are still being, either
wholly or partially stopped.
MACCLESFIELD, TUESDAY.—We are glad to report
that a slightly improved demand for manufactured goods
has sprung up since our last; at the same time, it must
be observed that this is not general, but may be taken as
an indication that a resumption of active business
will take plaice shortly. The market for throwns
remains very flat, and the long continuance of this state
df things is inducing some holders to accept slightly re-
duced rates. The raw silk market may be quoted much
in the same state as reported of late, with this excep-
tion, that Bengals of middling, and from that to first-
class quality, are said to be easier of purchase,
with some actual business done, at lower than previous
rates.

ROCHDALE, MONDAY.—The flannel market to-day has
been extremely flat; there has been a very thin attend-
ance of buyers, and these few have purchased very
sparingly, at rather reduced prices. In wool there has
been very little doing, and prices have still a downward
tendency.
HUDDERSFIELD, TUESDAY.—We h AV, only had an

average business doing to-day in the Cloth Hall; it
being what is termed between " seasons." The delive-
ries to order have not been very large; but there is
every hope of a good spring trade being done. The
Continental houses have been pretty busy during the
wok with spring goads. A. little more has been done
in the wool market this week.

HALIFAX, SATURDAY.--Thor© has not been a large
attendance in our Piece Hall to-day • but there is still a
good demand for damasks, chiefly for the London mar-
ket, and probably occasioned by the unusual extent of
furnishing arising out of preparations for the forth-
coming Exhibition. Low lastings are still freely in-
quired for; but other descriptions of worsted goods are
not much in request. A better tone of feeling seems to
prevail in the yarn and woollen markets, though we
cannot report any material increase of actual business.
LEEDS, TUESDAY.—We have had a flat market t9-day
at the Cloth Halls, but on Saturday last more business
was done. Prices continue firm, and stocks are nut
larger than usual at this season of the year.