The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-10-26 00:00:00

STATE OF TRADE.

MANCHESTER.—ReguIar business may. be said to be entirely
suspended this week ; the `few transactions which have taken
place being only for pressing and immediate orders. The ne-
cessities of some parties, coupled no doubt with the downward
tendency of the raw material, have led to a few sales, at ruin-
ously low prices, of 40-inch shirtings, 66 and 72 reeds. Quota-
tions for yarns remain nominally much as they were last week,
while far cloth still lower prices than those of last week have
been named. No regular quotations, however, can be given
which will afford any just criterion of the market value of
either goods or yarns at present. In many cases, prompt cash
payment had induced parties to submit to prices which can
only be regarded as exceptional. Considerable orders are un-
derstood to be held by me'chants, which are not likely to be
given out until confidence is in some degree restored. The
last American packet brought a large number of orders, a
considerable portion of which necessarily remain in abeyance
for the present.
LEEDS.—The general depression in trade, and the heavy com-
mercial failures which have taken place and continue to take
place in different parts of the country, have their natural affects
in this town and district, by checking the sales of woollen
1 cloths, and producing a very stringent degree of caution on the
part of manufacturers, as well as of all classes of trade-pur-
-1 chasers. Whilst we record this somewhat gloomy state of
things, we have much pleasure in stating that no failures of any
great amount, with the exception of Messrs. Burt, Watson,
Burt, have occurred in this locality. Very little business has
been done this week, either in the warehouses or in the public
markets, but there is no change in prices, and stocks are not
very heavy.
BRADFORD.—WooI.—The week opened with the intelligence
of the suspension of the Royal Bank of Liverpool; since then
we have the same report of another ; so that every one seems
indisposed to enter into any new engagements, and the busi-
ainess doing is just nothing. All seem fearful lest the
_tempest
may have the same effect on Wools as on other produce. Noils
and Brokes are also duller, but there being no stocks on hand,
prices are maintained. YARNS.—The gloom hanging over this
blanch of the trade, we regret to say, is not in the slightest de-
gree lessened ; for while the present extraordinary panic is af-
fecting the price of cotton and other commodiri,.. Fn'-t:o,
wools are not td. per lb. cheat er than they were twelvemonths
ago, while y ,rns have participated in a great decline. %there is
little either sold or spun, and there is no reduction in prices.
There are but few spinning mills lighted up, and the quantity
of idle macl ilery was never so great as at present. PIECES.—
The expectation of an improved tone being given to our mar-
ket, in consequence of orders for spring goods for America, on
the arrival of the Britannia steamer, has not been realized, and
the home houses are only doing a limited business. The de-
mand for Fancy-dyed Yarn Chequed goods is now slack, and
the manufacture is equally limited; there being no stocks left,
neither the merchant nor the manufacturer will suffer.
HUDDERsPILD.—The market this week has been dull. We
have a few foreigners in the town, but they make no heavy
purchases. There was never known a period of greater anxiety,
and want of confidence is so felt, that there is but little desire
on the part of manufacturers to do business.
ROCHDALE FLANNEL MARKET.—We have had a large at-
tendance of persons in the Flannel Market this week, and con-
siderably more business has been done than on the previous
week. Pieces of goods, of all descriptions, may be considered
generally the same as our last report. The Wool Market was
not quite so brisk. Foreign Wools a shade lower. Brokes and
skins scarce and prices firm.
HALIFAX.—We have had again a very dull market, little
business doing and very few buyers attending. The late exten-
sive failures, and the consequent tightness in the money
market, seems to have alarmed our manufacturers, who seem
almost afraid to sell ; hut, happily, we have had no failures in
Halifax during this panic.—Tarns are in the same languid state
they have been in for sometime back, and spinners are produc-
ing less by letting part of their machinery stand.—Wool: Very
little doing, and prices much the same.
HOSIERY AND LACE TRADES.—We cannot as yet report any
material change for the better in any department of the cotton
hosiery trade, considerable numbers of good workmen being
either short of employment, or totally out of work. The emi-
gration to the United States still continues ; but the overwhelm..
mg influx of stockingers to German Town and Philadelphia has
caused such a superabundance of hands, that the Yankee mas-
ters have taken the advantage of proposing a reduction of the
wages to the extent of 20 per cent., and a very extensive
strike" has been the consequence, which will of course drive
the stockingers "upon the land," as the disciples of Feargus
O'Connor term it. The silk glove trade is in a most depressed
condition, and many of the large shops are in a low state, for
want of employment.—The cotton glove branch is in a better
condition than the silk, but still there are many hands wholly ,
out or short of employment.—The bobbin net trade is certainly
improved in most departments, but not as yet to the extent of
increasing the number of hands employed, except in a few so-
litary instances. The cotton warp lace trade is certainly, to a
limited extent, amended, and we have little doubt will further
improve, as many of the articles fabricated from that machine
have a good stamina in them.—The warp silk blonde branch is,
however, slowly declining; the principal house an this trade,
after using every effort to keep up the rate of wages, have at
length fallen into the general system; and while they have no-
minally advanced the wages direct, they have assimilated their
charges to thoseof other in an ufacturers.—NottitighansJourotal.