The Sun.
London, England, 1866-09-19 00:00:00

STATE OF TRADE.

MANCHESTER, Sept. 18.—For shipping yarns the
market has been very disappointing to-day. There
have been plenty of orders in the market, and a
large business would have been done if spinners had
been more moderate as to the advances in prices
which they were encouraged to demand. The high
prices asked have in a great measure checked busi-
ness, but spinners willing to accept Saturday's rates
have been able to do a fair amount. A return of wet
weather, with a telegram from India speaking of the
failure of a Parsee merchant there of good standing,
caused the market to close rather quiet. The market
for home trade yarns was stronger in the early part
of the day, and prices were id. per lb. dearer than
on last Tuesday, but subsequently this branch of the
market also became quieter. The cloth-market,
which was more active yesterday with strengthening
prices, has been further improved to-day, as far as
values go, by the movement in the Liverpool cotton
market. Manufacturers have been induced to in-
crease their quotations for nearly all kinds of cloth,
but at these advanced rates buyers show little wil-

lingness to continue their operations. Although all
quotations are necessarily higher through dearer
cotton and yarn, they are rendered purely nominal
by the complete absence of business. The increased
activity was caused by the temptation offered by the
low prices of cloth as compared with the price of
material more than by any increase of demand, and,
of course, was likely to disappear when the induce-

meat was withdrawn. Messrs. John Slagg and Co
report of to-day's cloth market :—"At the close of

last week buyers were more willing to operate, and a
fair business was done at last Tuesday's rates. The
recent movement in Liverpool, and consequent ad-
vance in the price of cop yarns, necessitate higher
quotations for goods ; but as buyers show no dispo-
sition to follow this advance, operations are sus-
pended, and too little has been done to et able us to
alter our estimates of actual values."

CARDIFF, 17th.—There was an active demand for
steam coal, and the briskness which has for so long
a time characterised the foreign trade is well main-

tained, while the tonnage exported to the mail ser-
vice stations is larger than for the corresponding
period of last year. Quotations have an upward
tendency. The local consumption of house coal has
slightly increased, and the coasting demand is toler-
ably good. The iron trade of the district has been
characterised by a slight improvement, although in
actual orders received from the markets generally
there is no material change. Of the large order for
rails on Indian account which was lately in the mar-
ket, 7,500 tons have been secured by this district,
while the other 10,000 tons have gone to Monmouth-
shire houses. Buyers on home account are purchas-
ing rather sparingly, and it is not expected that
transactions to any extent will be entered into until
after the close of the present month. The contracts
in hand for the North American and Baltic markets
are being pushed forward, so as to secure their de-
livery this season. Orders from America come in,
if anything, a little more freely, and it is stated that
the requirements of the States and Canada are of
rather a heavy character. The advices from the
East are more encouraging, and on Continental
account there is every indication of a good business
being done in the course of time. In pig iron the
demand is fiat. Tin plates are in moderate request,
and quotations are well maintained. Arrangements
have been made to start the Treforest Works, which
have been at a standstill for some years.

LEEDS, 18th.—The cloth-hall markets have not
been numerously attended this morning. The tone
of trade, however, was steady, and late prices for all
seasonable goods were fully maintained. So far as
the purchase of autumn and winter goods is con-
cerned, the merchants are not doing much, the bulk
of the trade for the season being nearly over. Still
a few parcels of heavy fabrics were purchased to-day,
and these, with the sale of ordinary cloths, both all
wool and unions, with a fair amount of tweeds—
many of the latter for ladies' wear—made the ag-
gregrate sales of the day quite as great as could be ex-
pected. The local wool trade is steady, and prices
are firm. Some of the wool purchased at the cur-
rent colonial sales in the metropolis has already gone
into use in the hands Of manufacturers. The quality
is generally spoken of as being quite as good as that
purchased at the previous sales, if not better.

NOTTINGIIAM, 18TH.—The attendance at our ex-
change-hall to-day was fair. There was a firmer
tone in the demand for lace yarns, and prices were
quite as high as last week. For hosiery yarns there
was a tolerable inquiry, and the currencies of last
Friday were generally quoted. In silks, business
was steadily transacted at unaltered rates. Brown
nets realised last week's prices.
ROCHDALE, 17TH.--Though the time is fast ap-
proaching for the wholesale houses to lay in stocks
of flannels for winter, the demand for the heavy
and commdn kinds is far from being brisk. In the
finer kinds, plain as well as printed, there is a fair
amount of business doing ; and, though the attend-
ance of buyers to-day was not large, the market
was cheerful, and the goods sold and ordered were
to as great an extent as could be expected. The
manufacturers are steadily employed, and the trade
presents a good prospect for the closing months of
the year. Prices of all kinds of flannels are firm.
The Yorkshire goods trade keeps quiet, and the de-
mand does not at all increase. There is no change
in prices. Wools are purchased steadily, at late
quotations.

RAILWAY INTELLIGENCE.