The Sun.
London, England, 1867-04-17 00:00:00

STATE OF TRADE.

MANCHESTER, April 16.—There is no improve-
ment in the market generally, and prices continue
to decline. In yarns for shipment the market has
been disappointing. In the early part of the day
spinners expected to be able to obtain full prices,
having been led to form such a conclusion from the
activity during Saturday and Monday in the Liver-
pool cotton market. Upon the receipt of telegrams
from Liverpool, however, this morning, any such
hopes .were dispelled by the intelligence of a quieter
_and weaker feeling-there. Buyers for Calcutta and
China have,operated to a fair extent. Other mar-
kets have been rather quieter than these. The
market for home-trade yarns has presented quite a
contrast to the other, being both dull and depressed.
Prices have been iu favour of buyers, and the busi-
ness effected has been a long way short of an aver-
age. The demand for all counts of home trade yarns
has been on a very restricted scale, and closes as
dull as it opened. In cloth there has been a down-
ward movement all the week past. Buyers have
been exceedingly cautious, and have limited their
operations as much as possible. There have been
buyers willing to enter the market at a very consi-
derable reduction on last week's quotations, but as
a rule they have not been able to place their orders
on such conditions. This morning there. was some
appearance of a revival in the tone of the market
in the first instance, but the hope was soon dissi-
pated, and in the course of the day things have re-
verted to the inactivity and depression previously
existing. The market closes without much business
having been effected, though sellers have made con-
siderable alterations in favour of buyers in their
quotations as compared with those of last Tuesday.
Messrs. John Slagg and Co. report of to-day's
cloth market We have had an important de-
cline both in price and amount of businesss since
last Tuesday ; the general mistrust among buyers
renders business almost impossible except at
a still further reduction. Though there is to-day
some slight improvement in the general tone of our
market, it does not amount either to a rally in price
or an increase of business, and we close flatly with
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materially altered quotations."
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order of things seems to exist as we have had to point
out for some time past. The attendance of buyers
was moderate, and it included a few from Bradford,
Manchester, and other towns, as well as those repre-
senting the Leeds houses. There was, however,
only a small amount of goods cleared out of
the halls after the markets, and the selections
made were miscellaneous, including p.trt heavy
as well as light goods, with a fair portion of
ordinary all-wool black cloths. The call for back
unions is but small at present, various shades in
mixtures having, as a rule, the best chance of sell-
ing as coatings. There is no improvement as to
work by the manufacturers, and part short time
working is reported from mills in the town, as well
as Won in .the surrounding districts. Except as to
needy manufacturers, and what are called job lots,
prices keep steady. \Wools and woollen yarns, too,
are. about the same as last week.

ROCHDALE, 15th.—There was a slight improve-
ment in the flannel trade. to-day. There was not a
much larger attendance of buyers than last week,
but there was a better demand for goods, and the
feeling iu the trade generally was more cheerful.
The chief sales were those of light goods, and a fair
bulk were bought. For Yorkshire goods there was
the same kind of quiet demand as we have had to
notice for the last few months. There is no great
demand for wools, but prices keep steady, as do also
those of goods.