The Sun.
London, England, 1851-04-17 00:00:00

STATE OF TRADE.
(From the Manchester Guardian.)
MANCHESTER, TUESDAY.—The Arctic's advices, re-
ceived here this morning, inform us that, on the 26th
March, a few days before the arrival of the Canada, a
decline of per cent. per lb. took place in the price of
cotton at New York, evidently from an apprehension on
the part of holders that they would hear by that
vessel of the Liverpool and Manchester markets
having been seriously depressed by intelligence
(which reached us March Bth) of the panic
which had previously thrown down their prices
1/ cent. On the arrival of the Canada, however, it
was found that no such effect had been produced either
amongst ourselves or our neighbours; and prices re-
gained there what they had just before lost, but again
became dull, and closed f per cent. lower on the 2d of
April. The Arctic brings a telegraphic account that
the news by the Canada had led to a recovery of I per
cent. in the previously declining southern markets.
These advices have exercised a rather unfavourable in-
fluence upon this day's business. While the American
holders of cotton appear to be looking to the English con-
sumers for support, the latter are watching every oscillation
on the other side, and moving backward and forward in
its direction. Had a little more time elapsed betwixt
the Canada's reaching port, and the Arctic's departure.
we might possibly have heard of a greater recovery of
price than we are now advised of. As it is, however, the
buyers in our market have generally manifested a
somewhat increased want of confidence. Their purchases
of goods have, consequently, been quite inconsi-
derable, and effected only under the inducement of a
further concession in many articles, such as shirt-
ings, long cloths, and domestics; yet, much
irregularity is found among the sellers of these fabrics,
arising from their varying views and their different
positions in regard to stocks or to orders. In yarns the
transactions are mostly for the continent, and though but
very limited, they are yet fair in extent under the cir-
cumstances. Other classes of buyers are doing very
little. Spinners are at a disadvantage of id. to 4d. per
lb. Fortunately our market does not suffer from any
general pressure of stock; taken in the aggregate, indeed,
the amount of yarns and goods on hand is not more than
would be cleared away by a short fit of smart buying.
ROCHDALE, MONDAY.—The trade is still heavy, and
not much doing, yet there has been rather more inquiry
for goods. The wool market continues slack, but former
prices are fully maintained.
MACCLESFIELD, TUESDAY.—The activity displayed by
the wholesale houses, noted in our last, has not yet
been followed by a corresponding demand for goods.
With one or two exceptions, very little business has been
transacted in the interim; the result of this is, that
manufacturers are exercising renewed caution,
and stopping production where practicable. The in-
creased business done in throwns of late, has now con-
siderably subsided, and prices, though reduced, may be
quoted nominal, the disposition of merchants to concede
materially in their prices of raws (probably in some in-
stances to the extent of is. per lb.) having most likely
contributed to this, and induced so decided a pause.
HUDDERSFIELD, TUESDAY.—The amount of business
transacted to-day in the Cloth Hall has not been large.
Low goods of light texture have principally been dealt
in. There is rather more briskness in the fancy trade
than there has been for some time, and most of the ma-
nufacturers in that branch are very brisk in vestinga of
new styles and patterns for the summer home trade. A
little more has been done in the yarn trade, at steady
prices.
HALIFAX, SATURDAY.—The chief inquiry in our
Piece Hall to-day has been for low listings and low
mixtures. The demand, however, is not brisk; and the
prices offered are not remunerative. Both in yarn and
wool rather more purchases have been made, but the
markets are still dull, and the quotations without vari-
ation.

LEEDS, TIIESDAY.—.There has been a good attendance
at the Cloth Halls both to-day and on Saturday last, and
rather more goods have been sold. There is no altera-
tion in prices, and business is also a little brisker in the
warehouses.