The Sun.
London, England, 1866-06-13 00:00:00

STATE OF TRADE.

MANCHESTER, June 12.—There is a better feel-
ing in the market generally, but buyers continue to
hold back, and there has not been much business
done. In shipping yarns there is a quiet market.
There are a good many orders in the market, but
buyers hesitate at giving them out at present, and
in this class of spinnings the market closes tamely.
Home trade yarns are steady in price. There has
been a fair inquiry for 32's, and a moderate busi-
ness going on. In cloth prices remain firm, and are
a shade higher than last week's rates. The business
since last Tuesday has not been on a large scale,
but an unpleasant feature in this branch of the
market is that large quantities of goods bought
here cheap some two or three weeks ago are now
again offering for sale, in preference to shipping
them to India, owing to the failure of banks and to
the difficulties in which some large East India mer-
chants find themselves involved. The market is in
a healthy state generally, and probably after these
resale lots have been cleared off we shall have some
further improvement. The home trade demand is
comparatively better than that for other cloths, but
there has not been much doing. Messrs. John
Slagg and Co. report of this day's cloth-market :
" Our market to-day is rather stronger than last
week, and for goods suitable for India in most cases
higher rates are demanded, which has, as usual,
checked business."

CARDIFF, 11th.—There is no diminution in the
demand for steam coals; in fact, the inquiry is
rather on the increase. The continental markets
are still taking large quantities, and Welsh steam is
in increased request for marine purposes. The home
market is also active, and a large business is being
done with Birkenhead and the London and Mid-
land markets. Although in the other Welsh dis-
tricts there is a decreased coasting demand for house
coal, in this district it is, if anything, above the
average, but the local consumption has fallen off.
There is no change to note in coke, and the ship-
ments of patent fuel are not so great as a month
back. In the iron trade makers are well off for
old orders ; if this was not the case they would
not be kept so regularly going as they are, new
contracts being exceedingly scarce. During last
month 19,356 tons of iron were exported,
and large shipments are still being made to
America, Canada, and Russia. The pig-iron trade
remains in a dull state, while for tin plates a slight
reaction has set in for the better. The failure of
the Agra and Masternaan's Bank will, it is feared,
seriously interfere with Eastern transactions.
LEEDS, 12th.---There was a small attendance of
buyers in the cloth-halls to-day, and business was
languid, but there was not much disposition to sell
goods of any description below recent prices. As
public affairs on the Continent have not improved
since Saturday, there was almost an entire absence
of demand for any kinds of fabrics by the houses
doing business in either Germany, Prussia, or Italy.
There is a moderate trade doing with France, and
Canadian and American buyers—the latter not to
any great extent—are buying heavy goods for win-
ter. The wool currency to-day is quite as high as
on Saturday.
ROCHDALE, 11th.—The flannel market was not
well attended to-day, and only a small amount of
business was done. There is no disposition to pur-
chase beyond meeting requirements of the moment,
both the home and the export houses more or less
waiting to see what may be the solution of the
European crisis, and what may be the general con-
dition of the commercial and monetary world at
home at the close of the present month, when many
manufacturers, merchants, and traders make up
their accounts for the half-year. Flannel manu-
facturers are rather slack, but the receipt of a large
Government order will keep some of them employed
for some time. The Yorkshire goods trade is lan-
guid. Wool is about the same as last week.