The Sun.
London, England, 1866-03-07 00:00:00

STATE OF TRADE.

MANCHESTER, March 6.—We have had a very
large business in all kinds of shipping yarns to-day.
The German houses and merchants in the Mediter-
ranean trade have been the chief buyers, and a very
considerable business has been done. Most descrip-
tions of yarns are scarce, and many spinners are
deeply under contract for some weeks to come.
Prices have been firm at the quotations of last week,
and business closes with an upward tendency. For
home trade yarns we have also had a firm market,
with a fair amount of business at the extreme quota-
tions of Friday. At the close of last week the cloth
market was tame, and continued without much ani-
mation till this morning. To-day there has been a
general inquiry for most descriptions of cloth, espe-
cially in fabrics suitable for India and China. A
very large business has been done in all sorts of
goods, and a general advance has been established
in prices. Manufacturers could have taken much
heavier contracts than they have, but have been
restrained owing to pre-engagements. The better
descriptions of yarn and cloth, which are scarce, are
in very good demand. Opinions continue to vary
a good deal as to the supply of cotton. Messrs.
Ellison and Haywood, brokers, of Liverpool, speak-
ing of American cotton, say :
" Most people are now looking for a final aggre-
gate of over 2,000,000 bales, the estimates ranging
between 2,100,000 and 2,250,000 bales. If we
deduct the average of Wright and Neill's statements
of the arrivals so far, or 1,650,000 bales, from
2,150,000 bales, which may be taken as a mean esti-
mate of the final total, there remain 500,000 bales
yet to be received, which, with the stock in the ports,
584,000 bales, will give a supply of 1,084,000 bales
from the middle of February to the close of Septem-
ber (32 weeks), when the new crop will begin
to arrive pretty freely. American consumers are
understood to hold from three to four months' con-
sumption, but assuming that they hold no more
than ten weeks' requirements, beyond a bare work-
ing stock, there will remain the wants of 22 weeks
to provide for ; these at the rate of 15,000 bales per
week will amount to 330,000 bales, which, de-
ducted from the total supply of 1,084,000 bales, will
leave 754,000 bales for stock and shipment to
Atoelr likely not oed
54,000 bales,- there' will then-lianin 70;000 bales,
which, with 140,000 bales now afloat, may be ex-
pected to -reach Europe by the end of October.
This will not admit of our own and C ontinental
spinners keeping up their present proportionate
consumption of American cotton, the above figures
giving an average weekly supply of scarcely 25,000
bales, while the present rate of consumption is
about 18,000 bales in this country, and 11,000 bales
on the Continent. But if the supply of American
should fall below the wants of consumers there will
be ample imports from India and other places
for an average home and export demand of 60,000
bales per week for the remainder of the year. At
present the visible stocks are very heavy-560, 000
bales being afloat from India, and 110,000 b ales
from America—but as much of this cotton will not
arrive until a month hence or later, the market for
the next few days will be ruled chiefly by the ad-
vices forthcoming from the United States ; m ean-
while we can only repeat the opinion expresse d in
our last report, that the true policy of consumers
will be to operate as cautiously as they have been
doing of late."
Messrs. John Slagg and Co., in this day's report
of the say :—" We have to-day a
very general and large offers are made, in
cloth-market,
inquiry,
many cases at a fair advance on last week's rates.
The lengthened time of delivery in many eases pre-
vents orders being placed, but on the whole a fair
business has been done, and we quote the market
decidedly firmer."
CARDIFF, sth.—The coal trade has not been in a
better position for some time than it is at present.
The collieries of the district are in active operation,
and proprietors are so well supplied with orders that
there is every probability of the present briskness
continuing. Considerable exports are being made
to the foreign markets, and with the continent espe-
cially a good business is doing. There is an increase d
tonnage of steam sent to Birkenhead and the metro-
polis from the Aberdare and the Rhonda Valleys.
The iron trade rules somewhat flat, still makers are
keeping their worksgoing tolerablyregular, but they
are looking out for orders, which come in rather
slowly.

LEEDS, Gth.— The weather, being cold and snow
falling, has tended to limit the attendance of buyers
in the cloth halls this morning ; nor was there the
full number of country clothiers present. Yet a fair
bnsiness was done, and the goods sold included both
ordinary plain cloths, as well as rneltons and tweeds.
The latter two classes, in plain as well as fancy
makes, continue to find tolerably ready purchasers
in the public market ; while the manufacturers are
well engaged on orders for early delivery at the mer-
chants' warehouses. As to prices, they are firm,
with an upward tendency quite equal to the advance
which has just taken place in the ratesof
awool.par for
NorrINGIIA3I, 6th.—To-day being set
natal
yf s
uthe3 e
ncattle
.
bhumiliatiuosnineasnsdin it)hraeyteerwci:iinw
aasc cpoaur
plague,
At our Exchange-hall there was a moderate attend-
ance, and the demand for lace yarns was fair, at
quite recent H
ratoessie;ryin some cases a small advance
was
s
of all kinds quite as yarnsdea were
r. Therevelr was
fiasrzt.
change to notice in blonde nets ; but prices for mos-
quitoes had a hardening tendency.
ROCHDALE, sth.—Several days of wintry weather
have restored a healthy tone to the flannel market,
and buyers from various parts of the country were
present after several weeks' absence. Consequently
more business was done than for a long time past,
and should the frost continue something
may yet be done to compensate for the dulness in
the plain trade especially, which has so long pre-
vailed. Some good parcels of fancies as well as gene-
ral goods were disposed of, but in the heavy
department there was little or no improvement.
Prices are as heretofore, but the value of wool is
getting up. woollen

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