The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-11-10 00:00:00

STATE OF TRADE

MANCHESTER, Saturday.—We have had another week of in-
activity. Since 1842, we do not remember a period when the
trade of this district was so languid as at present. With scarcely
an exception, the leading export krises are doing little or no-
thing, although the opinion is general that prices of yarns and
er..nrlC if tlipc- fin not .nand:!.. ~.

uu ,pucuny anvad.ce, ecrtainly are not like„
to recede from present rates during the winter. The difficulty
of effectirg sales atucad at F. prt6t on shipment.; made when
prices here were considerably lower than at present, accounts
"--" '

for toe limited extent of the operation\ for ex Port, now that a
large advance on former rates is demanded. This falling eff in
demand is sensibly felt not only by spinners and manufact.,:rers,
.

connected with the'firisbiiig processes. The home-trade houses
iire also complaining of the dull and stagnant condition of their
market. Drapers appear to be afraid of laying in stock, and
confine their purchases to present necessities. As the food
panic •ts subsiding, and prices of bread-stuffs are already giving
way, .s revival of the domestic 'demand for manufcctures is ex-
pected speedily to manifest itself. The drooping condition of
this market, and the policy of curtailing production by working
short time, now in course of adoption by spinnners, do not
appear to ,have yet deterred capitalists from investing in the
,raw-staple. Altkoughse very large amount of stock has been

Nov. 10, 1846.

transferred to speculators' account during the last two months,
which stock must come again into the market; and although
the consumption is likely to be reduced during the winter at
least one-fourth, still cotton is deemed a good investment,
whilst money continues abundant and yields so bare an interest,
Yesterday (Friday), the operations in the Liverpool market were
on a large scale, amounting from ten to twelve thousand bags,
at full rates. All this speculation is going on the chance of a
doubtful contingency, and is little better than gambling. Our
opinion is already on record. We have sufficient grounds for
believing (notwithstanding the estimates of American jobbers)
there will be a full average crop of cotton, and that in February
or March a good deal of money will be lost by those who are
buying at present currency, in the expectation of selling here-
after at an advance. We are glad to find that at Ashton and
Staylybridge the short time movement is being acted up,n. A
steady adherence to this policy by the whole trade during the
winter, whether demand have a m' mentary stimulus or other-
wise, is the only safe and sensible method of correcting the-
markets abroad and at home, and reconciling the balance be.
tween supply and demand, on the due estatlishment of which
depends a fair return for the labour and capital employed in the
staple trades of this district. Prices remain as last week, which
we quote :-26 inch, 64 reed printers, at 4S 6d to 4s 9d; 27 inch,
66 reed ditto, at 4s lid to 5s lf d ; 27 inch, 72 reeds, at 58 43d to
6s ; 36 inch shirtings. 66d reed, 7s gd to Ss Ed ; 72 reed ditto,
Os 3d to les ; 40 inch G. E. India Longcloths, 56 reed, 6s 9d to
6s loi ; 64 reed, 78 Ind to Ss; 66 reed, 9s lid to gs 3d; 77 reed,
98 gd to 'Os. Yasns are without material change; No. 20's,
water twist, good seconds, may be quoted at 84d per lb , and
No. 45's, mule, ditto, at M.
ROCHDALE, Monday.—We have had another drill market to-
day, and the demand for Flannels has been very limited. There
is very little doing in Wool, and prices tend downward.
HUDDERBFIKLD, Tuesday.—The tone of our market is much
better to-day ; and although there is not a great deal more doing,
there is a better feeling for the future. Prices are firmer. and
there is less disposition to press sales. On the whole, there
seems to be a better prospect for the spring trade than could
have been anticipated not very long ago.
LEEDS, Tuesday.—We have no improvement to notice this
week of the state of the markets at both Cloth Halls; the-
quantity of goods sold was about an average of the last few
weeks, There still continues to be a complete absence of specu-
lation. The prices, however, keed steady, and the stocks of
winter goods are reduced lower than sight have been expected
a few weeks ago. We also hear of a few orders being out for
the American spring trade, as well as for Spanish stripes for the
eastern markets. Business has bern dull in the warehouses.
LEICESTER.—The demand continues dull for the season.
Wrought hose are most saleable. The straight-down branch is
very flat. The price of provisions is operating seriously in
checking the demand for the manufactures of this town. Wool
and yarn are stationary.
NOTTINGHAM.—The manufacture of both hosiery and lace-
continues in an inactive state. The wrought hose, as well•
as the cut-up branches, are in the same depressed condition.
The silk-knotted trade is removing slowly to Mansfield; but
such is the low state of this manufacture, that the change Is
scarcely perceivable. The plain silk hose branch has by no
means recovered, and it may be considered as half extinct,
although these articles mar be bought in London extremely
cheap, or at a little more than half the price they fetch in Paris.
The fancy bobbin-net trade is in a dull state; there is a little
speculation afloat in new manufactures. The plain net trade is
in a better condition than the fancy branches, but in that the
supply in some measure exceeds the demand. Some of the bob-
bin and carriage-makers arc constantly at work making "in-
sides" for Germany. The cotton warp lace trade keeps in about
the same position as it has done for sonic weeks past, in rather
an improved state. The silk warp lace branch has latterly im-
proved a shade, and some of the manufacturers have ventured
an advance of the wages of twopence per yard, but they state
that the journeymen want energy to maintain it.

LONDON GAZE? TE.--TuzsDAY, Nov. 3

PARTNERSHIPS DISSOLVED.
J. and G. Wr gg. Liverp 01, cutlers—E. T. Booth and G.
Clarke, Manchester-11. R. Stevenson and J. G. Cooper, Man.
chester, manufacturers f fancy trimmings.

BANKRUPTS.
John King, Buckingham, scrivener.
George Knight. Weybridgc, Surrey, dealer In manure.
Sarah VVilcke, Fore.street, Cripplegate, whilesale milliner.
Lydia Wood and Charles Henry Wood, Willow.walk, Ber-
mondsey. builders.
Daniel Burton and John Burton, Middleton, Lancashire, cot-
ton . spin tiers.
Robert Crow, Newcastle-upon-Tyne, draper.
Mary Dent, York, bookseller.
Joseph Hall, Carlisle, victualler.
Samuel Wellington Roden, Shropshire, brewer.
Thomas Thomas, Ibstock. Leicestershire, d:aper.