The Sun.
London, England, 1866-04-11 00:00:00

STATE OF TRADE.

MANCHESTER, APRIL 10.—The market for ship-
ping yarns has been very depressed to-day, the more
immediate cause of it being telegraphic advices from
Liverpool reporting the cotton market down id.
per lb., with prices nominal. There are many
orders for yarns held back to-day that would have
been executed at a fair price but for the stagnation
at Liverpool. There have, however, been a fair
amount of orders given out, considering the state
of the market, but we close very tamely, with
a disposition to lower prices. In home-trade
yarns the market is even more depressed than in
those for export. There has been very little
business, and prices are decidedly in favour of the
buyer. The cloth-market is in a very stagnant and
gloomy condition, from an excess of the feeling
which has prevailed for this week past, and which
undoubtedly had its origin in the heavy receipts of
cotton and the anticipated decline in prices. Buyers
are holding almost entirely aloof, and abstain almost
altogether from even suggesting a price at which
they would be willing to operate. Such offers as
have been made have been so exceedingly low and
reduced that any possibility of making them a basis
for business is out of the question. Hitherto sel-
lers have hardly been under the necessity of meeting
the market on lower terms, owing to the heavy con-
tracts held by manufacturers, but many of these are
drawing to a close, and to-day there have been
evidences of a greater desire to negotiate with
buyers on more favourable terms. As before stated,
however, the only prices offered are so low that no
actual operations can be approached, and any
quotations must be considered entirely nominal, al-
though some of the larger sellers record an actual
decline of some significance in their prices current.
As compared with last Tuesday, some of these make
a reduction on madapollams of 3d. per piece, of 6d.
per piece on printers, of 3d., 6d., and in some cases
9d. on shirtings ; of 3d. to 6d. on jacconets ; of 4d.
to 6d. on T-cloths, and of 6d. to 9d. on long cloths.
91b. 45-inch shirtings, which were quoted at 20s.
last week, are now offering at 18s. 9d. Messrs.
John Slagg and Co. report of the cloth market:—
"The depressed tone noticed last Tuesday has not
altered during the week, and buyers have but
timidly offered'at gradually declining rates. To-day
the gloom is still greater, and the only business
offered is at prices so low as to render both business
and quotations quite out of the question."
CARDIFF, 9th.—The steam coal trade of the dis-
trict is characterised by a healthy vitality, and
as orders come in somewhat freely, the various
collieries are pretty fully employed, but the con-
tinued emigration of the more experienced hands
. from the Aberdare and Rhondda Valleys to the
United States is causing much inconvenience to pro-
prietors. The export trade is active, and consider-
able quantities are being shipped to the Continental
markets. A good business is also being done on colo-
nial account. House coal is in limited request. The
iron trade shows signs of improvement. Quotations
remain without any material change. The pig-iron
market still shows an upward tendency.
LEEDS, 10th.—A clamp and cold morning bas had
a prejudicial effect upon the public markets in the
cloth halls to-day. The attendance of both buyers
and sellers was below an average, and the amount of
cloth which changed hands was not large. As for
the past few market days the goods selected were of
a miscellaneous nature, many of the purchases being
made when a concession of price was allowed suffi-
cient to tempt the buyer. The country clothiers
report that they are moderately busy, but that ex-
tensive orders for autumn and winter fabrics have
not in many instances been given out. The wool
market keeps quite firm, and much of that which
was purchased at the late sales of colonial wools in
London is fast going into the hands of manufac-
turers.

NOTTINGHAM, 10th.—We had a fair attendance
at our Exchange-hall to-day, but there was a dull
demand for lace yarns. Fine numbers were about
the same ; coarse ditto tended downwards. The de-
mand for hosiery yarns was moderate, and prices
were not materially changed. All kinds of silk a
very heavy sale, and prices were a shade lower. The
inquiry for brown nets was inactive, and prices were
easier.

AOCILDALE3 902.—There was a rather limited at-