The Sun.
London, England, 1869-07-10 00:00:00

STATE OF TRADE.

MANCHESTER, July B.—The market is even
quieter to-day than on Tuesday. This is partly due
to the arrivals in the Mersey of overdue cotton, of
which 32,000 bales came into port yesterdaYr
and 21,000 bales this morning. It is also
due in part to the continued failures. The sus-
pension is announced of Mr. Burne, of Brindet
Preston, in addition to those of mr. G. Smith,
of Inver-bank Mill, and Messrs. Jackson. They
are all large manufacturers as well as spin'
ners, the machinery of the three mills consisting 01
82,000 spindles, and nearly 2,000 looms. The
market is slightly but very little easier under these
circumstances, but buyers of cloth do not hesitate
so much owing to prim as from the circum-
stances that, besides having lately purchased
largely from stock, they have a goof many con-
tracts placed in the hands of manufacturers Or
future delivery. It is hardly expected that cotton
will be much cheaper, though the price may b,_°,
affected a little temporarily by the heavy arrivals
of cotton. The prospects of a future supply of cotton
are unpromising, and the quantity is likely to bed
inadequate for some time to come. Spinners an
manufacturers here and on the Continent are a go°
deal disappointed at the little progress made in this
respect since the close of the American civil war'
It was thought that nearly all cotton-producing
countries would make an effort that would soon
make up the deficiency of supply when certain of ib
market, but India and North and South America'
which were mainly depended upon as the three
principal sources of supply, appear to have rare;
graded rather than advanced, and the mills in tb
United States, like those in Europe, have been 111:1-0
able to keep their mills going full time at the Pries
to which cotton has risen. We scarcely lay hold I
a trade circular in which the inadequate supply °
cotton is not adverted to.
BRADFORD, Bth.—The wool market has under;
gone no appreciable change during the week%
steady consumptive demand is still going on
wool, and the transactions are, on the whole, sat' t,
factory. There is no speculative feeling aPP3r,e.,O
and spinners are only just replenishing for the ac",e,
orders taken. There is great languor in tha
mand for alpaca, and mohair continues very
clrn
us
in prices. In the worsted yarn branch the Anor
of, spinners are lower than they have been . fns
some time past, and an advance of quotatiefjo
has been made. There is still a steady busincir,
doing on home account. The season is fairclire
able for the piece trade, and manufacturers h3of
booked a fair amount of orders. Some makers is
of plain goods have lately entered into contrtter.
th it will keep them fully employed for a coualutbe
able time. Several furagn buyers have been in re
market, and operated to some extent. Stocks of
rather on the decrease, and pries following l'r,
and cotton are extremely firm. ManufacW
however, find greater difficulty in realising an
vance.

Vice-Admiral Sir James Hope, K.C.B.,;:ts-
Admiral and Naval Commander-in-Chief at 15c)-evi
mouth, yesterday officially inspected the ,ierf3,,
frigate Octavia, Capt. John 11. J. Alexander,
at Spithead, where she arrived on the previons.:7o
from the East Indies. The frigate will g°4o,
Portsmouth harbour this morning to be digllo'