The Sun.
London, England, 1844-10-16 00:00:00

STATE OF TRADE.

FOREIGN WOOL TRADE, LEEDS, OCT. 11.—We can
only this week confirm our last report. About an
average amount of business has been transacted, and
prices are without variation.
WOOL MARKET, LEEDS, OCT. 11.—There is not
any alteration of moment in this market to report this
week, either as regards the amount of sales or quota-
tions of prices.
WAKEFIELD WOOL MARKET, OCT. IL—The market
continues much in the same state as it has been for
the last few weeks : stocks are not much reduced, and
prices stationary.
BRADFORD MARKET, THURSDAY.— .The attendance
of buyers at the piece market to-day has been only
scanty, and the amount of business very limited. For
some weeks xast there has been a visible change in
the state of our market, the demand gradually
slackening, and the stocks, despite the greatest care,
insensibly accumulating ; so that, comparing its pre-
sent state with what it was in July, the alteration is
most perplexing and disheartening. Various reasons
are assigned for this, but the most plausible appears to
be, that the stocks of finished goods on the continent are
so large that the demand for foreign markets has
nearly ceased. But the problem is, how are things
to be remedied? Were spinners and manufacturers
at once to " drop on to short time," as the saying is,
there is a probability that matters would right them-
selves much sooner than if the present rate of produc-
tion is maintained. Some of ourlargest establishments
have already resorted to this expedient in one way or
other, either by not lighting up or by stopping looms.
We hear of one house which has stopped 200 looms,
and that in the district no less than 1,500 looms
have been stopped. The expedient is no doubt a
painful and trying one to many, both employers and
labourers ; but it is obvious a little suffering such
as this now will tend to prevent that greater suffer-
ing which must inevitably ensue from a protraction
of the existing state of trade. We sincerely hope the
prudential measures adopted by our spinners and
manufacturers will have the desired effect, and that
ere long they will be able to resume operations with
their wonted activity. In yarns there is scarcely so
much activity, which is likely to be met by a cur-
tailed production. Prices are materially lower within
the last three or four months, while wool has by no
means kept pace with the decline, thus leaving the
spinner no alternative but to shelter himself from loss
by reducing his production. During the past week
very little wool has changed hands, and the business
dane is on terms rather more favourable to the buyer.
In noils and shorts the demand continues steady, and
prices generally firm.
TRADE OF MANCHESTER, THURSDAY EVENING.—
We have had a very regular, steady, and large de-
mand this week for all kinds of cloth, especially for
printing fabrics, and the tone of the market is quite
healthy to-day, and closes with a prospect of slight
advance on most kinds. The home trade is every
week more brisk. The demand is quite unparalleled,
and, what is better, likely to continue. rho yarn
market continues lively, and was to a later period of
the season for export than is usual with the Russian
houses. The business doing is immense.
LEEDS.—The cloth markets, at both cloth halls,
were on Saturday of the same dull charactar of the
last few market days, but on Tuesday there was more
business done in goods of all descriptions. The
stocks of goods, notwithstanding the markets have
been duller, are much lower than usual at this season,
and prices are steady There is little doing by the
houses connected with the shipping trade just now,
but a very fair business is doing for the home mar-
ket.—Leeds Mercury.

Dispatches from the Governor-General of Canada,
and also from the Governors of the other North Ame-
rican provinces, were received yesterday afternoon at
the Colonial-office.
THE NEW METROPOLITAN BUILDING ACT.—The
Commissioners of her Majesty's Woods and Forests have
just issued a notice that they have appointed Sir Robert
Smirke, Jam's Pennethorne, Esq., and Thomas Cubitt,
Esq., to constitute with the official referees a Board for
the examination of persons who may present themselves
for the purpose of obtaining
certificates of qualification
for the office of ;District Surveyor within the limits of
the New Metropolitan Building Act. All communica-
tions for the sail examiners are to be addressed to the
Registrar of Metropolitan Buildings, at his office, No. 3,
Trafalgar-square.---From the