The Sun.
London, England, 1842-04-07 00:00:00

STATE OF TRADE.

(From the Manchester Guardian.)
MANCHESTER.—The market of yesterday presented no
change as compared with those which immediately preceded
it. There was some demand for yarn for export ; but the
market being overloaded by the quantity thrown upon it in
consequence of the inactivity of the home manufacturers, prices
continued to recede. For goods there was very little inquiry,
and prices are little better than nominal.
We are glad to learn that an arrangement has been made
between the Directors of the Bank of Manchester and the
shareholders of the Alliance Bank in this town, by which the
entire capital and business of the latter will be made over to the
Bank of Manchester, on certain conditions specified in the
subjoine.i resolutions, passed at a meeting of the shareholders
of the Alliance Bank, held on Saturday last :
" That this meeting' do approve of the suggestion offered
by Alr. Smith;` a:nd recommended by the Board of Director?,
for t antferritg to the Bink of Manchester the entire assets
and business of the Alliance Bank, in consideration of their
assuming all pending liabilities, and granting to the Share-
holders of this Bank their engagpnent to pay the sum of twenty.
six pounds in three years, with interest thereon at five per cent.
per annum' inyable half-yearly, in exchange for every share
transferred to their Trustees.
". That this meeting do further recommend this proposal to
the concurrence of their fellow- Shareholders, as the best means
of rendering available their property in the Alliance Bank,
and of relieving themselves from farther responsibility as re-
gistered Shareholders."
Another condition .of this arrangement is, that Mr. William
Smith4the manager of the Alliance Bank, will, for the future,
take an active part in the management of the Bank of Man-
chester: If we may judge from the effects of these arrange-
ments on the price of the stock of both the banks concerned in
them, they are likely to prove exceeding) beneficial.
ROCHDALE FLANNEL MARKET, MONDAY, APRIL 4.
There has been but a very indifferent market to-day; prices
being low, and few goods sold. This last week there...has been
a Government order for 12,000 pieces of flannel, which has
been divided amongst ten or twelve manufacturers. It is gene-
rally supposed there has been great competition, and the or-
ders have been accepted at extremely low prices. The wool
market still remains heavy, and prices have undergone very
little change.
HUDDERSFIELD MARKET, APRIL b —The weather was
beautiful, and a cheerful appearance was universal ; but we re-
gret still to communicate no improvement in the state of this
market to-day. Perhaps there was a little more activity in the
Cloth Hall; but business in the warehouses was as dull as ever.
Buyers evidently are at a loss what to do, and therefore mostly
only purchase from sheer necessity. Prices remain much the
same. There were more inquiries for wool, which indicates a
fair amount of orders in hand. Emigration still goes on : up-
wards of a hundred persons left this neighbourhood since the
last report; and the bad news from India, and the dismal
prospect for trade, will stimulate others to follow.