The Sun.
London, England, 1867-05-08 00:00:00

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Friday.

PRICE.... 4d.
STAMPED sd.

STATE OF TRADE

MANCHESTER, May 7. —The market for cotton
yarns and cloths is quiet to-day, with only a limited
amount. of business. Yesterday there was a consider-
able business in shipping yarns, arid very frill prices
were paid. To-day there has be.:ir less demand,
and prices are scarcely as firm as yesterplay. There
are plenty of orders in the mark.-3, but buyers have
refrained from giving them out in consequence of
the quietnesr.- of the Liverpool cotton market, and
the hope of doing better by waiting a few days.
Upon the whole, the market closes quietly. The
market for home trade yarns has also been.quieter
to-day, and prices, which hal e been easier ever since
Friday, have been rather in favour of buyers. Only
a small business has been transacted. In cloths we
have had rather a quieter market, without any
decided change in prices. There is very little
disposition to activity shown by purchasers for
any market. The heavy purchases made at the lows
prices ruling a fortnight ago not only cleared out a
good many heavy stocks, bat rlaced many of our
leading manufacturers under order for some time
forward. The consequence of these engagements
is that manufacturers are next pressing their goods
on the market. Some offers have been made in
goods suitable for the East at low prices, but these
have not been accepted. We are quiet at the close.
Messrs. John Slagg and Ca.. report of to-day'scloCe,
market :—" Since our last zEport a good inquiry laas
been maintained, and prices have undergone but
little change. As makers are now for the most part
engaged for some time, gc,ods are less freely offered,
and our market closes s.beady, but without much
business." The market ia still hampered a good deal
for wart of confidence in prices of cotton, owing to
the plentiful supply in prospect, and Messrs. Ellison
and Haywood, of Liverpool, writing on this subject,
speak the sentiments of. many people in the trade
here when they say :--" At the beginning of the
year it was thought that middling American would
fluctuate between 13d. and 15d. per lb., but at pre-
sent the prevalent opinion is that the extreme range
will be from 10d. to 12d. Our own impression is
that we may see 10d., but not less, and then only
for a short time. These remarks have reference
merely to the proximate future. Later on in the
year the course of prices will be ruled by the cha-
racter of the accounts r ?greeting the yield of the
next American crop. Present estimates vary be-
tween 2,000,000 and 3,000,000 bales, and accord-
oinfgthaes
and 12d. per lb."
LEEDS, 7th.—The deman d for woollen cloths has
ltahregearctfiugaul
roeupt-rtiucersavapilpl fa
of
been rather restricted, and, in fact, there were fewer
buyers present than usual- Some of the Bradford
shippers were represented!, but they did business
only on a very small scale. They pronounce the
continental trade to be very dull, irrespective of the
disadvantage of political complications. The object
of these shippers appeared to-day to be only buying
up any goods which might be offered extraordinarily
cheap. Their opportunities of doing business in this
way were only few. Samples of goods for next sea-
son's use have been in request for home trade pur-
poses, and merchants have bought beavers and wit-
neys in various shades, but not to any great extent.
Heavy goods in the undyed state have not been very
saleable. In coloured goods, claret and mixture mel-
tons found few purchasers ; also fancy coatings, and
some small parcels of plain goods were also trans-
ferred.

the s Lilac time by the fall in the price of cotton, the
crisis, and the prevalence of severe epidoxiic
ohole,:a. An additional section of 34 miles of Or;
Norti)..y;'est line from Cuddapah to Moodancrt
opened for waffle on the Ist of Augitst last. Com—
pared with tilt., corresponding half of the previot s
year the mileage worked over on both the company'/1
lines averaged 639 miles, against 598 miles ; the
number of passengers was &2,982, against 908,435 ;
and the goods carried were 170,917 tons, against
164,910 tons, railway materials excluded. The gross
half-yearly receipts were £221,577, against
£225,113; and the net receipts £119,876, against
£131,500 for the corresponding half of the preced-
ing year. The shipments of materials, plant, and
stores from this country last year amounted to
22,751 tons in 53 ships, and included 2,200 tons of
iron bridgework and 450 sets of waggon ironwork.
On the South-West line and Bangalore branch the
way and works had been maintained at the reduced
rate of £l5B per mile per annum for the half-year.
The junction of the Great Southern of India Rail-
way with the south-west line at Erode would be
effected, it was stated, by September next, and when
formed would, no doubt, prove of advantage to
both companies. The entire receipts on the South-
West line and Bangalore branch amounted to
£190,641, the working expenses to £93,651, and the
net receipts to £96,990 against v 192,055 in the
corresponding half of 1865, the expenses to £84,681,
and the net receipts to £107,374. The receipts per
train mile for the half-year ending the 21st of De-
cember last were 6s. 6d., and the expenses 3s. 3id.
per train mile, against 6s. 6id. receipts and 2s. 100.
expenses in the same half of 1865. The maintenance
of the entire mileage of this contract had now de-
volved upon revenue. Comparing the two years w hich
had elapsed since those lines were opened throughout,
thegross receipts of 1865 were 1357,060 and the net re-
e3i
6t s,
5i3 188, 7
a, 0,14 .
an increase of £19,478 in the gross receipts and of
£9,190 in the net receipts for the year. With re-
,1283646, hsando
wbeineng
theTh The
net ors; receipts receipts
i.,906f
re-
gard to the North West line comprised in the second
contract, which was now open to MoodanoOi, 153
miles from the Arconum Junction on the South
West line, a further section of 15 miles to the Chi

trabutty River was so far completed as to have loco-
motive engines passing over it, and the construction
of the line was now rapidly proceeding as far as
Gooty, to which town it was expected to open by
the end of next year. The surveys and sections of
the main line to Raichore were finished. An ex-
cellent crossing at the Toongabudra River had been
secured, and large quantities of material for this
important bridge had been collected on the spot.
Beyond this river the works would be light, owing
to the care with which the engineer had availed
himself of the natural advantages of the country.
On the Bellary branch the surveys were finished,
and good progress had been made in earthwork.
The open way and works were all in good order, and
had been maintained during the half-year at the re-
duced and very moderate rate of £6O 12s. 4d. per
mile per annum. The average mileage worked over
was 147 miles. The total receipts for the half-year
ending December 31 for the North-West line were
£33,936 against £33,058 in the same half of 1864 ;
the expenses were £11,051, or 32.56 per cent.,
against £8,932, or 27.01 per cent. ; and the
net receipts were £22,885, against £24,125 in
the corresponding half of 1865. The receipts
per train mile were 6::;. 7d. against 7s. 91d. ; and
the expenses 2s. 1;1.1. against 2s. 111 for the cor-
responding half of 1865. The number of plssengers
carried in the half-year was 182,610 against 149,536;
and the goodi 30,272 tons against 29,588 tons in
the corresponding six, months of the previous year.
The low rate of working expenses was due
the general use of wood fuel and the low cost of

ROCHDALE, 6th. The market has been more buoy-
ant than was expected, seeing that at the end of last
week there was great flatness in all departments.
Nearly the usual number of buyers went the rounds,
including:representatives of some enterprising Scotch
houses, but the result was a very small average of
orders. The fancy trade is showing more signs of
animation, and among those present at market to-
day there were a good number who *could be relied
upon to give orders before long in that department.
This the manufacturers are most anxious about, as,
when orders at the beginningof a season are delayed
the whole course of future operations is generally
disarranged and inconvenient. Yorkshire goods do
not find more ready buyers, and prices are remark-
ably well maintained, considering that the wool-
.market is rather in a softening state.

maintaining the iron permanent way, and also to
the care and economy exercised in the traffic and
other departments of the railway, which the Board
were happy to tyke the opportunity of noticing. In

addition to the iron work mentioned as having been
shipped to Madras during last year, 650 sets of
waggon iron work had been contracted for, and
were in course of delivery and shipment. Impressed
with the importance of procuring a permanent sup-
ply of wood fuel, the economy and efficiency of
which for locomotive purposes had been amply
provided on the company's lines, the Board had felt

it their duty to press this question on the conside-
ration of the Government, by whom it had been
favourably entertained. Measures were now in
progress in India for the conservation of existing
forests, and for planting other suitable localities
along the course of the railway, to provide for those
requirements. The quantity of cotton brought down
the line was only 3,662 tons, against 22,079 tons in
the same half of 1865. The largest item of traffic
continued to be salt, of which 26,309 tons were car-
ried up country, yielding receipts to the amount of
£22,108. The ordinary articles forming the food of

the people, rice raggy, paddy, &c., amounted alto

gether to £43,301 tons, carried chiotly in the first
three months of the half-year. It appeared from a
statement by the traffic manager that the services
rendered by the railway in forwarding supplies of
food to the distressed districts during the half-year
amounted to £22,764 tons in weight, carried over an
average distance of 167 miles. It would have re-
quired 45,428 ordinary bullock cartloads, 'which it
would have been impossible to provide, and if prac-
ticable, the cost at the ordinary rates would have
amounted to more than £90,000 in excess of the
charge by railway for the work. The issue of de-
bentures to the extent of £500,000 had been duly
completed. The receipts on capital account
amounted to £8,258,707, and the expenditure to
£7,919,053, leaving a balance in hand on the 31st
of December last of £339,654.