The Sun.
London, England, 1866-06-27 00:00:00

STATE OF TRADE.

MANCHESTER, June 26. —ln shipping yarns a fair
amount of business has been done to-day. In fact,
there has been a continued improvement since Fri-
day, at gradually increasing rates. The business
done to-day has commanded the extreme rates of
yesterday, which have been rather freely paid. This
branch of the market closes strong, with an upward
tendency of prices for all yarns of good quality. In
home trade yarn there was also a steadily-improving.
market and a moderate amount of business was
transacted, at prices about Id. per lb. in excess of
the quotations of Friday last. In the cloth market,
contrary to expectation, there has been considerable
improvement during the week, and most descriptions
of cloth have advanced in price. Advices from the
United States, that the supply of the old stock of
cotton is falling off, and that the growing crops have
received much damage from the overflowing of the
Mississippi, have led to an.advance, and a good deal
of activity in Liverpool is said to be the cause of
this improvement. The acccounts as read by cotton
dealers are not generally credited here, but there is
no doubt that the improvement at Liverpool has
reacted in our own market, and given a spur to busi-
ness. During the week, and especially since Friday,
a considerable business has been done, at advanced
prices, but we close to-day rather quieter, though
without any giving way in prices. There are tele-
grams to hand from Bombay of the 21st and 22d
inst., speaking of commercial disasters and an anti-
cipation of further difficulties. The market is quieter
this afternoon, in consequence of some information
as to the nature of the further anticipated difficul-
ties having oozed out. Messrs. John Slagg and,

Co. say of to-day's cloth-raarket:—
"Advices from the United States as to the pro-
bable yield of cotton this season have caused it to
advance, and this to some extent has been responded
to here. A considerablo amount 'of business has
been done since last Tuaday, at a moderate ad-
vance on all goods suitable for India. Printing
cloth and domestics are not much changed in price.
The news from Bombay bylelegraph to the 21st is
considered unfavourable, and we close the day with
a quieter feeling." _ _

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CARDIFF, 25th.—There is no falling off in the

foreign demand for steam coal, but in consequence
of merchants refusing to give the increased freights
asked for by shipowners colliery proprietors are
somewhat restricted as to the extent of their opera-
tions. The inquiry for steam on home account is
large, and considerable quantities are sent •by rail

to the inland markets and Birkenhead. There is a
falling off in the local consumption of house coal.
The state of the iron trade remains about the same
as last reported. In the home market no transac-
tions worthy of notice have taken place, and there
is no probability of many orders being given out till
after the quarterly meeting of the ironmasters. A
fair quantity of railway iron has been exported to
the foreign markets, and the inquiry from New
York leads to the belief that some good contracts
will, should no unforeseen obstacle arise, be shortly
forthcoming on American account. There is no
material improvement in the demand for pig iron,
and the inquiry for tin plates is slack.
LEEDS, 26th.—There has been a moderate attend-
ance of buyers in the cloth-balls this morning, and
about as much business was done as last Tuesday.
The selection of goods includes about equal portions
•f the heavy and ordinary cloths, with some strong
tweeds. Though the export of goods to Germany,
Italy, and other parts of the Continent has been
greatly checked by the occurrence of war, part com-
pensation is afforded by the orders which have been
received for army cloths and rugs for Austria. The
Canadian demand has rather improved since this
day se'nnight, and the bulk of the goods supplied
and to be supplied this season for our North Ameri-
can colonies will in all probability exceed that of the
corresponding period of last year. Prices of cloth,
though wools are quoted lower, are well maintained.
NOTTINGHAM, 26th.—At our Exchange-ball to-
day the attendance was extremely small. There was
very little doing, and lace yarns had a weakening
tendency, while hosiery yarns were much the same
as last week: Demand for silks was very flat ;

prices were unchanged. The demand for brown
nets continues very languid, at unaltered prices.
ROCHDALE, 25th.—The state of the money market
continues to exercise a depressing influence on the

flannel trade. Some few persons,-have; however,

been operating to-day with something of animation.
Selections are chiefly confined to printing and fancy
flannels. Plain goods were scarcely inquired after

at all to-day, though there were one or two London

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parties present who generally buy in all departments
when they visit this market in earnest. On the
whole, there is no occasion to complain of the state
of to-day's market as compared with that a week
ago. There is even a slight improvement in the
demand for Yorkshire woollens, which have been so
long in the background. The inquiry for wool is
insignificant, and prices if tested would be found to
be rather in favour of the buyer.