The Sun.
London, England, 1842-01-06 00:00:00

STATE OF TRADE.
(From the Manchester Guardian.)
MANCHESTER.—There was little change to report
in the state of the market yesterday. The improved
feeling which we noticed a week ago continued without
change ; and many of the spinners, with some of the
manufacturers of printing cloths, demanded higher
prices, which, however, the buyers were not much dis-
posed to give, and consequently but little business was
done. ladeed, at this season, and especially with some
propability of severe frost and consequent interruption
of the canal., not much activity can be expected in the
absence of speculative inquiry ; and the tendency of
prices has been so long and sosgniformly downward,
that some time must elapse befiNE buyers can be in-
duced to make aoy eposiderable purchases in anticipa-
tion of-their actual wants:-

Although the appearances of gradual and steady int-
provenuent in huffiness during' the-present /ear are, as
we have already stated, rather promising, we cannot
help thinking that some of the grounds of expectation
on this score, which we find put forth in different quar-
ters, are rather questionable. In some of the annual
circulars of Liverpool brokers, for instance, we find the
probable termination of the disputes with China
occupying a prominent pace amongst the causes
likely to lead to an increased
thatseddemand for cotton ,
g ldtent scarcely to be expected
to an opening of new
this expectation
will bedisappointed,
unless the settlement with
goods. We fear,how
theoha o
aCe
ihs se
of trade should
i tul die
an eunder existing circumstances. Notwithstanding the
nes
iuterruptions of intercourse Which have- from time to
time existed, there has been so far no diminution of ex-
ports. On the contrary, the shipments to China in 1841
exceeded those of 1840, as these exceeded the ship-
ments of 1839 ; and, at the date of the last advices, con-
siderable quantities of goods remained unsold. No re-
sumption of the trade under ordinary circumstances could
be expected to cause a great increase of demand ; and
if very large shipments should be made in the hope
of such increase, it is to be feared that they would
lead to disappointment and to severe losses. Even-
tually, we have no doubt, the demand for English
goods and yarn, especially the latter, will become
very great ; but with such a People as the Chinese,
all changes require time ; and even the opening of
new ports would only gradually ea. I 4
= to any very large
extension of business.
ROCHDALE FLANNEL MARKET, MONDAY, JAN. 3.
—The market to-day is scarcely deserving that name.
Few bu3ers hays attended, and very little business has
been transacted at any prices. There has been another
failure this last week amongst those manufacturers who
make for the Blackwater market. The " New
market," which may be considered as the opening of
biisiness for the year, will be held on Monday next, the
10th instant.
HUDDERSFIELD MARKET, JAN. 4.—A general dul-
ness pervaded this market, and the business done was
• of the most unsatisfactory description, both in quantity
and price. Buyers were numerous
_; but evidently re-
luctant to give any thing likelair prices. --

-- Sir George Clerk transacted business yesterday
with the Chancellor of the Exchequer at the Right
Hon. Gentleman's official residence in Downing-street 7