The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-11-09 00:00:00

STATE OF TRADE

MANcitEsma.—No very decided change has taken place in
this market since Tuesday. On the whole, perhaps, a steadier
feeling has prevailed. More inquiry also has been experienced
for some descriptions of goods, and where the extremely low
rates of last week have been submitted to, more business has
been transacted. Yarns have improved slightly since the be-
ginning of the weak. -We are sorry to announce, however, that
considerable gloom was thrown over the market to-day, by the
announcement of several new failures. Mr. David Ainsworth,
manufacturer, George-street, on Friday announced his in-
ability to meet his engagements. Very large losses by bad
debts, within the last two months, and the general depression
in trade, have been the means of causing this suspension. It
is understood that the statement to be submitted to the credi-
tors, on Thursday next, will show assets to nearly the amount
of the liabilities. The amount of the latter is said to be about
£40,000. The failure of the highly-respectable firm of Messrs.
Marsland, Veltmann, and Co., manufacturers and bleachers,
also became known on Friday. This !louse, we believe, possesses
ample property to liquidate ultimately all its obligations. The
firm of Peter Cowsill, calico-printer, suspended payment. The
Manchester Guardian of Wednesday reports that at Tuesday's
market there was snore inquiry than previously both for goods
and yarn, and that a fair amount of business might have been
done if the manufacturers would have accepted the lowest rates
which were current last week. The number of unemployed
operatives in the manufacturing districts of Lancashire has in-
creased considerably during the last week. In the borough of
Manchester, as shown by the usual weekly returns, "there are
six fewer mills working full time this week than there were
last; of which five have had recourse to short hours, and one
has stopped altogether. In the fortnight ending on Tuesday
week, ten mills had gone to reduced time, and three bad
stopped. As to the workpeople, the number of those fully oc-
cupied has been reduced 680 during the week, of whom 465 are
working short time, and 215 are destitute of emp'oyment. The
numbers in the preceding return were much greater; those who
had been reduced being nearly 2000, and those entirely dis-
charged upwards of 1000. There are now nearly 12,000 factory
hands in the borough of Manchester without the means of em-
ployment," and there are 14,578 working short time, and 14,861
working full time.
LEEDS.—The staple trade of this town and neighbourhood
remains in much the same state of comparative depression
that we have had to notice for some time back. All parties act
with peat caution, and whilst the demand for all descriptions
of woollen goods is extremely limited, the manufacturers are
curtailing the amount of their produce • hence stocks do not
increase much, and prices are without alteration. The foreign
houses have done scarcely anything in the market this week,
and the home market is confined to present need. The mild-
ness of the weather makes winter goods but little required.
BRADFORD.-IVool.—The continued dulness we have noted
for some weeks past is rather on the increase. Noils and
brokes are so limited in the quantity making, that prices are
better supported than Long Wools. Yarns.—The demand to-
day has been of that cheerless character we have before noted,
and without improvement in prices. Pieces.—There is only a-
limited business doing.
HUDDERSFIELD.—The best that can be said of our market
this week, is, that it is not worse than that of last week. There
has been very little doing either in the Cloth-ball or in the
warehouses, and there is no certainty about prices, the wool
market being in a very unsettled state. The vesting trade is
more satisfactory, the orders for the American market being
very considerable.

HALIFAX.—We have no change to report in the state of our
piece market to-day. Very little business is doing, and more
mills are running short time. Yarns continue very depressed.
In Wools a ver, small amount of business has taken place, in
consequence of the mills going Fhort time.
ROCHDALE FLANNEL MARKET.—There was a numerous at-
tendance of both buyers and manufacturers in the market this
week, but trade was dull, owing to the scarcity of money. Ma-
nufacturers are obliged to submit to a small reduction in the
prices of nearly all aescriptions of flannel. The failures in the
cotton trade have affected the flannel trade, and thrown a damp
on the market. In foreign Wool prices were lower, and brakes
and skins were a shade lower than last week, Cotton.—There
never was a blacker appearance than at the present time in the
cotton trade in this neighbourhood, and on Saturday last, se-
veral persons who have stalls in Rochdale new market did not
draw as much money as would pay toll for the stnmlings.