The Sun.
London, England, 1866-01-10 00:00:00

STATE OF TRADE.

MANCHESTER, Jan. 9.—There is a slight discre-
pancy in the reports of houses in the yarn trade to-
day, some of them having experienced a quieter
state of things than others; but there is no doubt
that some of the leading shipping firms have done a
fair amount of business for China and Calcutta,
with also some business for Bombay and for the
Mediterranean. The Germans have been in the
market as buyers of small qualities. Some of them
have taken only a few bales of the various spin-
nings suitable for the Continental market. The
amount of orders has not been large for any mar-
ket ; but, taken altogether, the aggregate business
of tho day has not been inconsiderable. One ob-
stacle to business has been the bareness of stocks
Could yarns have been found in quality available
for immediate shipment the business done, it is
thought, would have been considerably larger. In
these yarns there is no giving way in value. In home
trade yarns there has been a decidedly more quiet
market ; in fact, this branch of the market has been
tame. Prices are nominally the same as last week,
1. ILIL.
but practically buyers find
_t eu
1,1101, UV OPCra e• n LlOth the
business to-day has been on the most limited scale.
Buyers are acting very cautiously, and seem quite
indisposed to take goods in any considerable quan-
tity. This feeling is, no doubt, caused to a great ex-
tent by the present high rate of discount, and by the
uncertainty which prevails as to the future course of
the money-market. The India letters to hand yes-
terday read rather discouragingly, and have done
little or nothing to help business here. We find that
holders, as well as makers, of cloth are quite free
from stocks as a rule, and, being still to some ex-
tent under contract, are not willing to accept a re-
duction of price, or none of any moment. No doubt
the cloth-market as a whole is decidedly weaker,
although the operations have been too few and
limited in extent to enable us to test what the ac-
tual decline has been. Messrs. John Slagg, in their
report of this day's cloth-market, say :

"The last advance in the Bank rate has tended
considerably to check business, and the India ac-
counts now to hand are not of a nature to stimulate
the demand ; but little has consequently been done
to-day. As a rule stocks are small, and makers not
yet without orders ; there is consequently no pressure
to sell, and ourmarket, though closing with dulness,
shows little 'hange in prices. '

LEEDS, 9th.—There has been a quiet but steady
market in the cloth halls this morning. The attend-
ance of buyers was rather more than last week, and
they purchased spring goods, as well for exportation
as for the home market, more freely. The market
was firm as to prices, and both wool and woollen
—We
average at-
tendance on 'Change to-day. The demand for lace
y a
Nr nos
TaTlisNeaciroAmmm,
yarns assumed a steady tone, and the full
rates of
a9nthd.
last week were maintained. In
hosiery yarns there
was not much change to quote,
prices being quite as:
high as heretofore. Silks in less
request, but firm in
price; spun silk the turn dearer.
The demand for
brown nets was moderate.
The very high price ma-
nufacturers are
compelledto ask for goods prevents
the demand from b •
eing active ; recent rates were
realised.

ROCIIDALE, Bth.—To-day's attendance of buyers
in what is known as " the first market" of the year
was somewhat limited, and only a small amount of
goods changed hands. The market in other respects
was cheerful, and the prospects of the flannel trade
for the ensuing season are good. The chief demand
is for fancy fabrics• The plain flannel trade, the
period of the year considered, is flat, being prejudi-
cially affected by the mildness of the season. The
Yorkshire goods trade remains quiet. Wools are
nominally the same as last week. Though manu-
facturers buy more for immediate than prospective
wants, wool dealers are stiff in their demands.

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