The Sun.
London, England, 1857-12-30 00:00:00

STATE OF TRADE.

M kNCHESTER, DEC. 29.
We mentioned on Thursday last the existence of
f a better feeling, with steadier prices in yarns and
cloth, and it is gratifying to repeat the report to-
day. Sellers are asking higher prices for cloth, but
there has not been so much business at the advance.
A considerable number of orders of moderate ex-
tent, in madapollams and shirtings for India, placed
towards the end of last week, were obtained by the
manufacturers who have found themselves unable
to obtain the same rates now. The market, how-
ever, is undoubtedly steadier in most kinds of
cloth, and the easier state of the money-market,
the higher price of cotton in Liverpool, and better
commercial accounts from India appear likely to
promote a still firmer market. In yarns there has
been more inquiry, but it was checked by spinners
to some extent asking higher rates. The advance
demanded was Id. to id. per lb., and in some few
cases an advance of td. per lb. was obtained. The
business effected was not inconsiderable in warps
and cops for the home trade, and twists for India,
the Mediterranean, and German markets. If the
prices of this day week had been taken, a consider-
able business would probably have been done in
both cloth and yarn.

Messrs. JohnSlagg dr Co. report :
" Since the reduction of the Bank rate of discount on
Thursday last the market has been firmer and steadier
than for the last few weeks. To-day both spinners and
manufacturers are asking higher prices ; but buyers are
still acting very cautiously, and, though willing now to
operate at the prices asked last week, decline, except in
few cases and for small quantities, to give any advance,
and there is consequently but little business doing."
Messrs. George Fraser, Son, and Co. report :
"There is a somewhat firmer market to-day, and in
yarns a slight advance is asked, but not generally ob-
tained, as business still continues on a limited scale and
without animation."

There is a general impression that the market will
go on improving, but that for some weeks to come
such improvement will be slow and very gradual.
LEEDS, DEC. 28.
There is no feature of importance to notice in the
cloth halls this morning. The attendance of buyers
has been moderate, but they have purchased as
sparingly as they have done for the last month.
There is a little more cheerfulness in the trade as
to its future prospects, it being generally admitted
that the state of the money-market at home and
the accounts from America are favourable, and
that with the commencement of the ensuing year
the beginning of a better state of things is likely to
commence.

HUDDERSFIELD, Dnc. 28.
A slightly improved state of things may be noted
here, and the market in the Cloth-hall displays
more animation. Business is, of course, chiefly
confined to the home trade, but the offers are gene-
rally freer, and there is greater encouragement to
operate. Wool maintains a steady aspect, but sales
are not numerous.

THE DUKE or SIITHERLAYD MULCTED IN 20001.
We understand that an action of damages, for defama-
tion, was recently raised in the Court of Session by the
Rev. Mr Mackellar, of the Established Church of Clyne ,
against his Grace the Doke of Sutherland, the damages
claimed being 20001. and that a decree for that sum has
been obtained, his grace having failed to enter appear
ante. The ground of action is said to be founded on a
letter written by one of the duke's agents containing
defamatory statements regarding Mr. Mackellar.—
Northern Ensign,

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