The Sun.
London, England, 1867-08-17 00:00:00

STATE OF TRADE.

MANCHESTER, Aug. 16.—The animation which
showed itself in this market earlier in the week has
entirely disappeared to-day, and business has been
quiet, with weaker prices. Sellers of shipping yarns
say business has assumed a much quieter tone, the
constantly received bad accounts from Calcutta dis-
couraging operations. Buyers for that quarter are
entirely out of the market, and prices, without
being nominally lower, are somewhat weaker. The
market for home trade yarns is quieter to-day, and
in prices it may be said id. out of the
id. advance
obtained on Tuesday has been lost. In cloths we
have had a very subdued tone. The failure of
Messrs. Nicholls and Ashton, spinners and manu-
facturers at Lower Darwen, with liabilities to theff
e
extent of £35,000 to £40,000, has had more e
upon the market than a failure for such an amount
might have been expected to produce. mountothe news coming when bad cloth accounts ©to
which speak of failures in the
hand from Calcutta,
bazaars, with enormous stocks, has been calculated
to affect people more deeply than it otherwise might.
The telegram also speaks of a depressed market and
lower prices at Calcutta. The business here in cloth
to-day under these circumstances has become very
unsettled, and for such sales as they have made
buyers have had to accept lower quotation
and
s.
uarter There
is no briskness in business for any q,
prices are drooping.
CARDIFF, 15.—The steam coal trade both at the
Bute and Fenarth Docks shows some slight move-
ment, as compared with last month, and there are
fhroopme s
sthat e anof
the increased
continental
m is
a t aboutswhich, to set in
dur-
ing the whole of the summer months, have not been
such good customers as usual. The exports last
month reach 160,766 tons, being a decrease of 7,458
tons as compared with the corresponding month of
last year, the falling off being principally
observable
in the European consumption. In the Aberdare
Valley the steam coal collieries are indifferently
employed, and the stoppage of the Aberaman works
has been the cause of a large amount of distress.
Coastwise, the shipments in July were 85,465 tons,
against 77,987 tons in the corresponding month of
1866. West of England and Irish houses are tak-
ing advantage of the present low rates of freight to
increase their supplies. The iron trade is perhaps
on the whole steadier, and makers are looking for-
ward to an accession of rail orders as the result of
the improvement which has taken place in railwaairly
y
securities. Quotations for tin plates are f
maintained, and the works are well employed.
LEICESTER, 16th.—There is a fair business doing
iu all branches of the staple trade, but au absence
of speculative feeling. IVools preient a more cheer-
ful appearance, there is raLher more moving
ake off than
of late, while the improved inquiries in the
market exceedingly hopeful. Great firmness is
shown by both staplers and farmers. What little
change has taken place in prices is in favour of
sellers. Manufacturers are tolerably busy amongst
fancy hosiery, and yarns continue in fair demand
and maintain former quotations. The plain
worsted
yarn spinning and hosiery trade is more sati •
sfactory
than it has been, but cotton goods are
exceedingly
quiet. Boots and shoes are in average request,
and, in consequence of the scarcity of hides, butts,
or bottom leathers, have advancedin • price and in-
• dicate a further increase.