The Sun.
London, England, 1866-08-08 00:00:00

STATE Or TRADE.

MANCHESTER, Aug. 7.—The market, for shipping
yarns has been very flat, with scarcely any disposi-
tion for business. Prices generally are tolerably
firm, but in cases when spinners are desirous to sell,
and press goods in the market, they would submit
to lower terms. The market closes tamely. Home
yarns are depressed, and low numbers of them quiet,
and easier to buy by about id. per lb. as compared
with the rates of last Friday. The cloth-market
has been toning down for some time past, and the
chief features to-day are the extreme quietness of
business and unwillingness to buy, as well as the
falling tendency of prices. Thero seems to be a
generally prevailing opinion that money will not be
easier for some time to come, and some people ap-
pear to expect that if there is any change it will be
to greater tightness, and this uncertainty as to the
future course of the money-market has been ope-
rating to keep people from purchasing to-day.
Manufacturers are offering their goods at prices
showing a very fair reduction .on last Tuesday's
rates, but buyers are few and are very timid in their
operations. We close with but a small business and
with lower quotations. The lower price of yarns
operates unfavourably on the cloth-market, and
necessarily compels manufacturers to make some,
if not a corresponding concession, but there is no
pressure of stocks, and the decline is very gradual.
Messrs. John Slagg and Co. report :—" During the
week our market has been quiet, and prices have
shown a gradual downward tendency. The uncertain

future of the money-market still tends to arrest
operations, and we close with few transactions, and
decidedly lower quotations."
CARDIFF, 6th.—Although the output of steam
coal at the several collieries in the district is much
beyond the average still it is insufficient to meet the
demand. At many of the pits there is a scarcity
of skilled hands • but this is not likely to be the case
for any length of time, as the reduction in the make
of iron will throw into the labour-market a large
number of colliers and miners employed at the
works which consume their own coal. Notwith-
standing the prospects of peace the continental mar-
kets continue to take considerable quantiti of
steam coal, while an active business is being done
with the other foreign markets, and large
is shipped for the mail packet coalingstations.
consump-
There is no change to report in the locacolstwise
is
tonnage
tion of house coal, but the demand
earies only
much
partially employed, and thed. g
much greater. As a rule, theenera
Con to the large
languishing state. In ad. l ironworkstrad'
Welsh' makers,
about 15,000 tons
been secured by
con-
tracts for rails mentioned in last report as having
of rails have been placed here on American and
Russian account. The high rate of discount con-
tinues to act as a barrier to any transactions in the
home market, although there are several. large
con-
tracts waiting to be placed. In pig-iron scarcely
any business is doing, and the demand for tin plates
keeps moderately good.
LEEDS, 7th.—There was no feature of material
change or importance to notice in the woollen cloth

markets this morning. About an average amount
of business was done. The chief purchasers were
buyers representing home-trade houses, and they
made a fair amount of selections, chiefly Witneys,
Meltons, and broad tweeds. All-wool blacks and
union cloths are in fair request, but not to the same
extent as they were a few weeks ago. Thcre is still