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

STATE OF TRADE.

MANCHESTER, June s.—We have a very quiet
market to report both in yarn and cloth, and espe-
cially in shipping yarn for the Continent. In con-
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have held aloof to-day, and the amount of business
done is reported to have been small. With regard
to prices, spinners would in many cases have taken
rather lower rates than they would have done yes-
terday. The market for yarns generally, however,
is tolerably firm, most spinners being deeply under
contract, and not anxious to make new engage-
ments. In home-trade yarns the market is firm,
but with rather less businees doing. Prices, as
compared with last week, are rather dearer, having
advanced on Saturday and yesterday. This branch
of the market closes rather quieter to-day. The
news respecting the prospects of war on the Conti-
nent appears to have affected the cloth market
fully as much as that for yarn. The gradual reac-
tion in the Liverpool cotton market since Saturday
when the lowest price (11id. per lb.) for middling
New Orleans was touched, was pretty much kept
pace with here in cloth, and up to yesterday the
demand for all descriptions of fabrics suitable to the
India trade continued good, and prices had ad-
vanced from day to day. To-day, however, there
seems to be a pause, in consequence .of the more
threatening state of things on the Continent, and
prices have slightly given way. In reviewing the
cotton market, which has just now an important
bearing on our own, Messrs. Ellison and Heywood,
brokers, Liverpool, say :

" Scarcely any change has taken place in the
prospects of supply and demand during the past
month, and the probable future course of the mar-
ket since the date of our last issue. We then looked
for a progressive accumulation of stocks in this port,
and a gradual decline in prices, until the one
reached a million bales of all sorts, and the other
fell to 12d. per lb. for middling American. Both
these anticipations were realised a week ago, since
which we have had to record a decided movement
in the opposite direction, the stock now standing at
975,000 bales, and middling American at 13d. per
lb. Practically, however, the figures remain in much
the same position as they did on the Ist ult. We
still adhere to our estimate of 3,710,000 bales as the
probable total import into Great Britain for the
present year. The American accounts at last re-
port a marked falling off in the receipts at the
ports, but we are yet of opinion that the total im-
port thence into this country for the current year
will reach our estimate of 1,200,000 bales. We have
already received 760,000 bales, and we know of
130,000 bales more afloat, making a total of nearly
900,000 bales. It is not unlikely that the present
unsettled state of finances will seriously interfere
with shipments from India ; but inasmuch as the
arrivals, so far this year, added to the quantity now
at sea, amount to 1,400,000 bales, we think it highly
ptortoablaibmlepothrtatofouthreesyteiamrawteilol,filf,a6n2yo,tohOinogb, aplersovaes
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small. On the whole, therefore, our estimated
supply of 3,710,000 bales of all kinds for Great
Britain may be taken as a very moderate figure.
Of this amount Liverpool will get about 3,450,000
bales, of which 1,830,000 bales have already ar-
rived, leaving 1,620,000 bales to come in during the
remainder of the year."

They think, however, in the event of war prices
may again fall to a shilling or under for a short
time. Messrs. John Slagg and Co. report of the
cloth market of this day :—" Since last Tuesday a
very large business has been done, chiefly for India,
and, owing to the advance in the price of the raw
material, higher rates have been obtained; we con-
sequently raise our quotations considerably.To,thy.
however the market is not quite so active, and