The Sun.
London, England, 1867-07-13 00:00:00

STA rE OF TRADE.

MANCHESTER, July 12.—The report of Tuesday's
market was that prices had given way on yarns to
the eaten; of fully id. per lb. since the previous
Tuesday, and we have now to say that the depres-
sion of the market during the last three days has
caused a further decline on home trade yarns
of about another halfpenny. The decline on
shipping yarns is nearly to the same extent. Sellers
are unwilling to give way, but it has been found to-
day that lower prices must be accepted to make
sales. Even at the decline, business is on a limited
scale. The cloth market is quite as inactive
as it was on Monday and Tuesday, and the
actual transactions have hardly been sufficient to-
day to afford a test of values. On Tuesday the de-
cline was estimated at 3d. to 6d. per piece on the
shirtings, and lid. on jaconets and light goods for
India, within the previous week. Since Tuesday
prices have given way to about the same extent as
on yarns, but the market is very irregular. There
are, for instance, many contracts running in mulle
and jaconets, and these light fabrics are not so much
affected as some other kinds. Taking another extreme
the decline on the best class of goods, such as wide
shirtings and figured goods, are is. to 1s 6d per piece
lower during the last fortnight. For other goods
generally the decline bears much the same propor-
tion as that on yarn. The makers of 51lb to 811 b
shirtings, printers, and other fabrics are still mostly
running their machinery full time, and many of them
having exhausted or nearly exhausted their contracts,
and being unwilling to accumulate stock, are dis-
posed to meet the demand at any reasonable decline
consistent with the lower price of cotton. Buyers,
however, are not in the market with any orders
which are pressing, and their offers are in many
cases too low to leaf to business. The business of
the day, in yarns as well as cloths, has been on a
very limited scale.

LEICESTER, 12th.—There is not much doing in
wools among the staplers ; the supply is heavy, and
Yorkshire houses seem indisposed to buy so long as
the country fairs show prices to have a lower ten-
dency. What transactions have taken place have
been very restricted, at late or hardened prices for"
first-class qualities. In the worsted yarn spinning
department there is a fair general trade, but scarcely
equal to the average of former years. Prices eoli-
th... n..... r..vj lawiva, j hgaiu de-
pressed, the improvement noticed during the past
few weeks having fallen off. Dealers are somewhat
dispirited at bad debts being too much tha order
of the day, which shakes confidence throughout
the country. The demand for lambswool goods
is also somewhat flatter, the push which followed
the wool fair having subsided. Warehouses con-
tinue to hold off purchasing, although from the
advanced season it was generally thought they
would have tried to buy lower. Shipping orders
are very scarce, first-class goods only being required
for America, where they can produce lower and
medium qualities by their own machinery. The
worsted hosiery autumn trade remains active, and
notwithstanding that the few weeks have shown a
marked improvement, the orders are not of a very
numerous or cheerful character for this period, and
manufacturers are only making for immediate
wants. The cottDn hosiery trade is steady, and at
Hinckley an increased amount of business is being
done. The boot and shoe trade is very active.