The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-05-24 00:00:00

STATE OF TRADE, MANUFACTURES, &c.

The demand for our leading staple—cotton—has been good
throughout the week, and especially towards the close, both
the trade and speculators purchasing freely. This revival is
in part attempted to be accounted for by the fact, that whilst
the stock of all kinds on hand exceeds that of last year by
120,000 to 130,000 bales, the estimated receipts from the East
Indies are 60,000 bales less than the proceeds of last year's
crop. In addition, the nett yield, to the spinner, of the
American crop will decrease the apparent receipts from that
country some 30,000 bales. The stagnation, too, and we
may almost term it panic, caused by the recent awful occur-
rence at Hamburg, is fast being dissipated. It is now hoped
that the results, to the commerce of Europe, will not be
nearly so serious as was anticipated, the sound basis upon
which monetary operations in Germany are carried on in-
suring the commercial world from the serious embarrassments
which must have been created had the business of Hamburg,
with this and other countries, been one of merely paper and
credit exchange. The cost of the stock of goods destroyed,
therefore, will not fall, as was feared, upon the British ma-
nufacturer, whilst its almost total destruction will, for a time,
give active employment to our manufacturing industry. The
total sales of the week, ending Friday, amounted to 31,250
bales, including 4500 American and 500 Surat on speculation,
and 2000 American and 100 Pernam for export, leaving the
amount taken by the trade 24,150 bales.
On Saturday the market opened with considerable excite-
ment, and 5000 bales were sold, at the full prices of Friday,
and, in many instances, at an. advance of *d. per lb., which,
however, it was thought was scarcely maintained at the close
of the market. Yesterday, however, a firmer feeling was
manifested; buyers showed a disposition to purchase freely,
even at the advance noticed on the previous day, and the de-
mand was at first scarcely met by holders. Ultimately,
however, a speculative demand, in addition to that of the
trade, sprung up, and an advance of and. and id. was rea-
dily,. paid, and acceded to by the holders, at which rates full
'OOO bales were taken off, at the establiched advance of id.
per lb. on the lowest business of last week. The market,
altogether, displays a nu we healthy appearance than we have
noticed for some time last ; and a sanguine hope is enter-

trained, both by s narahantg and manufacturerg, that this trade
has goon its wor; g day, and that a change, to permanent good
business, is at I, tngtli taking place.

In the raant dacturing districts, during this (Whitsun)
week, business has been, as usual, entirely suspended ; and
from the conflicting accounts given as to their condition, and
the feeling pre, ralent, which are as various as the political
views and part icular positions of the parties reporting, we
can offer no de terminate judgment. if we may be ,guided,
however, by t'ae opinions of the most influential spinners
who have visited our cotton market during the week, we
should be disposed to say that the trade of the manufacturers
is at least in t lie way to improvement, if the agitators amongst
their body will only suffer confidence to be established.