Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-06-05
Effect of Ihe War ON English Trade and
Commerce

Commerce
Correspondence Of the London Times.
BIRMINGHAM, May 1I.-There is still little doing
on of the United States in the general trade
but the merchants naturally feel some degree of
mstrust about executing orders in the present state
of affairs. At the early part of the week, Commits
sioners from the States of New York Ohio and Mas
sachusets arrived here for the purpose of purchasing
and entering into contracts Tor a supply of rifles.
They came over by the Persia, and had letters of
credit for large amount upon of the first Lon
don houses. They purchased the whole of the rifles
in store, obtaining, probably about 00O the larger
proportion of which will be shipped and sent by
the Persia to-day; and contracts entered into
for continuous supply of rifles for three months.
This has given an impulse to the gun trade here,
which it much needed, for since the Government
contract was stopped at the commencement of last
month, the trade has been bad and in the 'br eech>
ing" branch of it there is very little doing.
WOLyERToN, May 1.-THE check which the ad-
verse news from America gave to the improving
tendency of the iron trade of this district continues.
There are actually fully many orders frem the
States as there have been for the last few months
and there have been inquiries for Shells which
thought to be destined for that market, but the
ders are far below the average and the general
depression of the trade of the country prevents pur
chasers of iron from operating.
BRADFORD, May 1.-THE wOrsted trade generally
in this district is still comparatively inactive and
our market continues to be prejudIced by the civil
war in America.
SHEFFIELD May lion the whole the trade of
this town has rather grown than better during
the past fortnight. few exceptional orders have
been received from America for steel and tools but
the general trade with thst country is stsgnant and
remittances extremely few and small In the
home trade some firms are in receipt of rather
better orders, but the country trade generally Is
in the same depressed state as for some time past
travellers order sheets are very unsatisfactory.
From ths London Pos. May H.
The news per telegraph from America is consid-
cred satisfactory, inasmUch as no actual hos
tilities have yet taken place between the
North and the South: while the intelligence from
China is favorable, showing that it is likely there
will be wide field opened for the trade of this
country, which is languishing in the manufacturing
districts, owing to the events now passing in Amer
lea. The Persia, which sailed from Liverpool on
Saturday, took out large quantity of rifles, pur-
chased at Birmingham for New York and other
States and contracts for other warlike stores are
now in course of execution for the same quarter,
and which must be paid for in this country.
On the other hand, the shipments of goods to
America, which rather increased during the first
three months of the year. were mostly to avoid the
obnoxious Morrill, tariff which came into opera
ton on the first of April. Owing to the present
certain state of affairs these shipments are likely
to diminish whilst we are importing large guam
titles of bresdsuffs and cotton from that country
From the Manchester Guardian, MAyl5.
The advices from America being considered less
threatening, subsistence is showing itself in the
Liverpool cotton market, and our market is affected
by this circumstance. But we are also feeling the
increased caution shown by discounters and the adj
in their terms. We learn that it ia the inten
ton of very many spinners and manufacturers in
all parts of the district to stop their works entire
ly during Whtweek. 1t is most desirable in the
existing bad state of trade. and with our present
unfavorable prospect, that the measure should be
general.