The Sun.
London, England, 1866-11-21 00:00:00

State of Trade.

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descriptions of yarns and cloth the low prices quoted have
brought in buyers. In shipping yarns sellers report a mo-
derately fair amount of business, at last Friday's rates.
There have been considerable offers made at still lower
prices—in fact, at rates too low to be accepted by spinners.
The market for home-trade yarns is much the same. Prices
are, so far as any change can be noted, rather weaker than
last week, but there is more disposition to do business at
the decline. In cloth the low rates now submitted to have
brought in a few buyers, and although the position of
manufacturers as well as that of spinners is very unsatis-
factory, because of the sacrifices .they have to make, the
holders of goods have obtained some relief by the diminu-
tion of stocks. In most kinds of goods suited to the mar-
kets of India some business has been done. The market
has been somewhat depressed by the rumours of further
expected failures. As compared with last Tuesday the
quotations of leading agents are uniformly 3d. per piece
less on madapollams, printers, and shirtings up to 91b.
weight. For 101 b. shirtings quotations are 6d. per piece
lower ; 111 b., at 18s. 6d. last week, are offering at 17s. 9d.;
and 121 b., at 20s. last week, are quoted 19s. 3d. per piece.
Jaconnots and T-cloths are mostly quoted lower than last
Tuesday, the former in some instances id. to upwards of
ld. per lb. Messrs. John Slagg and Co. report of to-day's
cloth-market :
"We have to-day to report a very flat market, with
little or no inclination on the part of buyers to operate.
During the week prices have gradually declined, and
though to-day we have reduced our quotations, they must
be considered entirely nominal."
CARDIFF, 19th.—For Welsh steam coal there is an active
demand, and, while the several collieries are in full opera-
tion, steps are being taken at many of the works to increase
the output. The Mediterranean and French ports are
taking large quantities, and very heavy supplies are being
cleared out for the coaling stations of the mail packet com-
panies. Orders continue to come iu regularly from the
foreign markets, and everything indicates the keeping up of
the existing activity. The home trade isbeing rapidly ex-
tended, as evidenced by the increased quantities sent by
railway to Birkenhead and the markets for the metropolis
and the midland counties. The improvement noticed last
week in the demand for home qualities is maintained, and
coasting merchants are purchasing more largely, especially
for the West of England and Irish markets. At the various
ironworks the men are fairly employed, and although the
orders are not numerous, there are several good ones in
hand, particularly on Anierican account. Trade with the
'United States is moderately active much better than was
anticipated at one time, and the export of rails is, if any-
thing, above the average. With the other foreign markets
business is rather quiet, andin the home trade there is very
little stir. There is much difficulty in obtaining fresh home
orders, buyers evincinglthe strongest objection to burden
themselves with heavy stocks. In pig iron there is very
little activity, and quotations are in favour of buyers.
During the past week a slight falling off has been experi-
enced in the demand for tin plates, and orders are accepted
on somewhat easier terms.

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ness done was aboutlan average of the last few weeks. Still
things wore a rather quiet aspect. In the coloured cloth-
hall there was a little more inquiry for both tweeds and
meltons than last week, and of the former the stocks are
not at all in advance of the supply. A few parcels of heavy
goods and hair lists were purchased in the white cloth-
hall, and generally at late prices. There is, however, no
disposition on the part of merchants to increase stocks at
present, and hence the markets continue quiet, as they have
done for the past two months or more.
RoCUDALE, 19th.—There was a moderate amount of
business done in the flannel-market to-day—at least, quite
as much as for the last few market days. The finer
flannels continue to find purchasers more readily than
heavy ones, and the manufacturers of such goods
are well employed. The home trade and export demand,
upon the whole, are both rather dull. The demand
for the Australian colonies has been and still is good, which
has helped to make up for the falling off in the demand for
Other parts. The Yorkshire goods trade is steady, and fully
as much business is doing as for some time past. The local
wool trade participates with the state of the flannel-market,
not much business having been done to-day. Prices are
without change.

Notice of intended application to Parliament has been
given for the transfer of the Edgware, Highgate, and Lon-
don Rail way undertaldng, whether completed or in progress,
to the Great Northern Railway Company ; to confirm an
agreement made between the two companies on May 10,
1866, subject to such modifications as might be concurred
in by two companies ; to abandon the construction of the
branch from near Crouch-hill to the Tottenham and Hamp-
stead Junction Railway at the Holloway-road ;to abandon
the Barnet extension of the Edgware lino sanctioned last
session, and to authorise the construction of a substituted
line to Barnet ; to transfer to the Great Northern the Wat-
ford and Edgware Railway undertaking, to dissolve the
latter company, to extend the time for the purchase of
lands and execution of works, and to raise additional capital;
also to enable the Great Northern, the Great Eastern, and
the Midland Railway Companies from time to time to enter
into agreements with respect to the working, use, manage-
ment, and maintenance of their several undertakings, the
supply of rolling stock and machinery, and of officers and
servants for conduct of the traffic, the interchange, accom-
modation', and conveyance of traffic coming from or destined
for the respective undertakings of the contracting compa-
nies, and the division and appropriation of the revenue
arising from that traffic ; and to authorise the appointment
of joint committees for carrying into effect any such agree-
ment, and to confirm any agreement already made in refer-
ence thereto.