Northern Times. — Liverpool, Merseyside, England, 1859-05-07 00:00:00

ON THE REMUNERATION Or INDUSTRY. TO THE EDITOR OF THE NORTHERN TIMES, Sir,—lt is commonly believed that the low rates if remuneration for general industry in this and other countries is due to the supply of labour being in excess of the demand, and that therefore the only c h ance which working men have of improving their position is to keep down their numbers, so as to decrease the supply of labour. This is an utter fallacy, and is fraught with enormous evils, since it leads society to accept, as right and natural, an adverse condition of general industry which is merely a consequence of very intelligible and easily preventible causes. However startling the assertion may . seem, the supply of labour never yet was, and never can be, in excess of the natural demand for labour ; For wherever a supply of labour exists, there must of necessity exist also a corresponding demand for,: it. No man ever seeks employment from the mere love of labour, :but because he has wants to provide for, and those wants constitute a natural demand for labour , equivalent to his own demand for employ ment. It is true that an enormous propottion of the demand for labour, which ought to beta conse quence 'of the wants of the labouring classes, is preventod from appearing in 'the labour markets of the wcoild. It is a sort of demand which necessarily lies dormant until the want has been satitfied ; and if, from inability to find employment or >from any -otherveause, the want remains unsatified, the demand .for labour embodied in that want is virtually crushed Aout‘of‘existence. We should be moderate in assuming that at least 40 per cent. of the natural demand for lallour, which is *embodied in the wants of the working classes, male and female, of this country, is thus crushed out of 4existence by their inability to provide for or satisfy such wants ; and if we looked to other countries, especially those of South America, Africa, Asia, and the greater pert of Europe, Ave should find this destruction or prevention of -demand to be enormously in excess of what it is in this country. The one great and only reason why so many of the wants of the working classes of the world are left 'unsatisfied, to the sacrifice of so much of the world's demand for produce and manufactures, is that those fields for enterprise which are most calculated to benefit the working classes, are .uncalculated for yielding in a direct manner remunerative profits to capitalists. Scientific colonization may be instanced As one of these particular fields for the employment of capital. This term is here used to signify, not -merely emigration, but the systematic operation of placing men on colonial lands, in large and well -assorted bodies, and supplying them with every -aid to production that science and capital has placed, or may hereafter place, at our command. The reader will need no argument to convince him of the enormous amount of good which would result, both to the emigrants themselves and to the country from which they were taken, from a wise and extensive employment of capital in this field. If such a system of colonisation were in operation, unskilled emigrants might thereby be enabled to realise a social position equal to that -obtainable for 265. per week in this country. This rate of remuneration is of course only assumed ; but if it were possible to enable unskilled labour to earn this assumed rate on colonial lands, there would then be no earthly reason why (after a fair time had been allowed for developing the system) any able-bodied labourer in this country should earn less than this xate of wages. It would be impossible to assign a limit to the good which would result from such an improvement in the position of the labourer. He .would, by such means, be made a large consumer of manufactured goods which he at present never dreams of using. The wages of skilled labour would thus be greatly raised, our general home com merce would be enormously extended, and crime and pauperism be reduced to a tythe of their present amount. But, however vast may be the national good which would result from such a system of colonisation, the system itself would not pay the capitalist under present . Unless some special arrangement arrangements were made for the purpose, any company of capital ists who would carry out such a system of colonisation would work, not for their own benefit, but almost solely for that of the public. There are other fields for enterprise which, like the above, are well fitted for benefitting the working classes, but not directly calculated to benefit capital ists; but I need not describe them here. They have all similar characteristics. The profits which would aeerue from their development would be distributed amongst the community, instead of being reaped by the capitalists who developed them. Therefore, to induce capitalists to invest money freely in these fields for enterprise, it is essential that special arrangements should be made whereby they (the capitalists) may be enabled to gather to themselves -some portion of the profits which, in the absence of any such arrangements, would be scattered amongst the public. It must be admitted that this proposi tion involves a great innovation, but that does not affect its justice. If a joint-stock company should so develope these particular fields of industry as to add thirty or forty millions per annum to the aggregate incomes of the working classes of this country, that company might surely claim from the country some emolument in the form of a royalty or per on the amount of this increase. The tion Whether this royalty should be charge able on the national exchequer, or be raised by some means whereby the onus of payment would devolve on those who were directly benefitted by the operations of the company ? may remain open for the present. The only point contended for, is—that the onus of paying this royalty or profit ought not to devolve exclusively on those whom such a corn panv enabled to suaigrate, but that all who benefitted by the Company's operations should contribute in .equitable ratios to the production of the Company's profits. In my next letter, I will venture to enlarge somewhat on this branch of the subject. If the principle here contended for were recognised and reduced to practice, in this or any other country, the production and commerce of such country would be morally certain to • expand rapidly until the reasonable wants of every individual therein were fully satisfied or pro vided for. This assertion is independent of any particular mode of carrying out the principle herein contended for. The principle, if reduced to practice, would necessarily lead to this result ; because, under its operation, man's great master passion—sehness —would be arrayed against the existence of want, and the causes which conduce to it. Every company formed for the above-named purpose would have a direct self interest in searching out and remoyine , any cause that might affect the well-being of the lower class ; and the triumphs which this count r y has achieved in the mechanical and chemical wo r ld, afford ample eviden ce of what mind and capital will do in social matters if th e r i ght sort of men caz be placed under this sort of stimoiu3._i remain, sir, our Tory obediezt Apryant, J. BUITTEN, q ues- SPORTING INTELLIGENCE, THE ACCIDENT, ON THURSDAY We are happy to be enabled to announce that, at p.m. on yesterday evening, Wells was recovering from the eiTects of the accident which occurred in running, for the Dee Stakes on Thursday, and was pronounced by the medical gentlemen to be "progressing as favourably as can be expected after so severe an injury," Ashn!all left the infirmary yesterday morning, and appeared in pretty good CHESTER RACES -YESTERCVAY The FLYING HANDICAP of ssovs each, the gift of the Grand stand Proprietors. subs. 8 7 Mr. Raffatie's b f Tw.. „ _ 6 7 Mr Barber's ch c Tomboy, 3yra ....... .J. Snowden 2 8 0 Lordiitowth'sb c Fenctng Master, e l ys..G.Tordham 3 6 4 Mr. Gulliver's b e 3SLtabeth, 2yrs Grbrishaw 4 Betting to 4 each agst Twilight , and Tomboy. Fenc ing Master nxade the running to the distance, vhere Twilight took the icad, .and won cleverly by a length; a neck between the second and 'Third. The LT- `h 50sovs adik4l, nalf , a , mile. 5 3yrs t year of the Second BIEXNIAL PRODUCE STAKES of lOsov€ each, with 69eovs added, Tar two years -old, colts Bst 91b, fillies Sst 61b ; those got by untried =stallions or out of mares Which never bred a winner allowed 31b, both 61b. Second to save his-stake, and `the winner to pay lOsovs to wards expenses. T.T.C. 9-subs. 8 2 Mr. 'G. Forster's bl' Slut (31b) 8 9 Mr. Ylintuff's ch e Curlew by Teddington—lbi 8 3 Lord Smithmore's b ftaLoon 8 2 Mr. timber's f Ellen (31b) Alderoft 1 ..French 2 Norman 3 L. Snowden 4 Betting :--Even on Slut,' and 6 to 2 agst Balloon. good race, won 'by half a length ; two lengths between second and third. The ilaroN STAXFS of 10sovs each, h ft, withn'3osovs added, for three and four years ; three years old 7st 41b, four Bst :fillies and geldings allowed 41bs, and maidens at the time of naming 3lbs. Winners at any one time in 1859, of 100sovs clear (handicaps and matches excepted) to carry slbs extra. Grosvenor - Course ; 9 -subs. 91 Mr •;helley's br c Lifeboat, 4yrs . L. Snowden 1 6 11 Mr W Smith's b f Never Despaii,•3yrs..W Fordharn 2 Betting : 16 to 1 on Lifeboat, who , made all the running, and won by six lengths. The STEWARDS Cur of 'BoOsovs (the gift of the Grand Stand Proprietors) in specie, added to a Handicap Sweep stakes of 15sovs each, 5 ft. The second to receive 50sovs out of the stakes, and the winner to pay 30sovs towards expenses of the course. The winner of any handicap after the publication of the weights, of the value of 100sovs, to carry 51bs ; two or 200sovs 101bs; and the winner of the Trades Cup 14Ibs extra, but not to be accumulative. Six to start, or half the money only will be given. Mile and seven furlongs ; 52 subs. 6 13 Mr J. Thompson's b f Tnnstall Maid, 4yrs.Bullock 1 83Mr G. Forster's b h Underhand, syrs Alderoft 2 7 7Mr T. Hunt's gr h Master Bagot, syrs Charlton 3 7 4 Mr Broeck's ball Prioress, 6yrs .. Eleven ran. Betting : 5 to 2 agst Fisherman, 4 to 1 agst Prioress, 5 to 1 agst Tunstall Maid, and 8 to 1 agst Underhand. At the third attempt they got away irpon pretty good terms, Tournament making the running, Master Bagot and Bevis being the next two. In this way they ran once round, when Bevis and Pensioner went to the front. At the distance Tunstall Maid and Underhand came up, challenged half way down, the Maid winning cleverly by three parts of a length ; a head between the second and third. A HANDICAP STARES of 5 sows each, with 50 added by the Dee stand proprietors. The second to receive 10 sovs out of the stakes, and the winner to pay 5 to the judge. The winner of the Cheshire Stakes or Stewards' Cup (if run previous) 101 b, and second in either 51b extra. Seven furlongs, 7 0 Mr Barber's b c Sheffield, 3yr5...... 7 9 Mr Dawson's br f Gibside Fairy .. 6 7 Mr H Rich's b f Adelaide, 3yrs 6 10 Mr Ga,scoigne's ch c Magic, 3yrs . L Snowden 1 Bullock 2 .. Pritchard 3 Sadler 4 Betting : 6to 4 on Sheffield. Gibside Fairy made the running to the half-distance, where Sheffield headed her, and won easily by a length. The CHESHIRE STAKES of lSsovs each, 10 ft, with 60sovs added by the Citizens of Chester. A winner of any Handi cap race, after the publication of the weights, of the value of 100sovs clear to carry slbs, or of the Trades Cup 101bs eztra, but not to be accumulative. Second to save his stake, and winner to pay 10sovs to the Race Fund. From the Castle pole, once round and in ; about a -mile and three —26 subs, 12 of whom declared and pay ssovs furlongs.— 6 2 Mr. Douglas's br f Botany, 4yrs ** 1 5 0 Mr. Payne's b f P ro d uc ti on, 3yrs .. . 0 5 8 Mr. W. Smith's b f Never Despair, 3yrs.. 3 BETTING : 3 to 1 on the winner, who took the lead, was never headed, and won easily by a length. The LADIES' PURSE of 50 SOTS in specie, given by the grand stand proprietors ; three years old Bst 21b, four ), five 10st, six and aged 10st 21b ; mares and geld ings allowed 31b. Winners in 1859 of £5O clear to carry 21b, of two or more or £lOO in value slb extra. The winner to be sold for £250; if entered to be sold for £2OO, allowed 41b; £l5O, 71b; £lOO, 121 b; and £5O, 201 b. Maiden five years old and upwards allowed 71b in addition. To be sold by auction after the race, and any surplus to go to the Race Fund. Once round and a distance. 9st 611 8 0 Mr T James' br c Knockburn, 4yrs (£55) Smethurst 1 6 10 Mr West's brc Mathematics, 3yrs (MO) ......James 2 8 10 Mr J Evans' b r h Surprise. 6 yre £5O) .. —Kendall 3 Betting: 6 to 4 agst Mathematics, and 2 to 1 agst Knockburn. Won cleverly by a length. The winner was sold for 65 guineas The WIRRAL STAKES of lOsovs each, h ft, with 40soys added, for two and three years old ; two years old colts 6st 1211), fillies Est 81b ; three years old colts 9st, fillies Bst 101 b. Winners in the present year once 31bs, and twice or more 6lbs extra. Maidens baying started three times without being placed allowed 61bs. Half a mile ; 7 subs. 6 11 Mr Sazon's b f White Rose, 2yrs .......Verraby w.o. LONDON GAZETTE. BANIUI.I.7PTS. Henry Sharwood Esholt, Werksop, cloth manufacturer. Thomas Cheetham and Thomas Thornely, Basford, Not tinghamshire. George Cox and George Cox, jun., Northampton-row, Holloway, butchers. derick Mayston, Huddersfield, greet 3.nd William We Thomas Westoott co tt, Commercial road, Lambeth, paper manufact Richard Pain, Exeter and Brighton, ironmonger Thomas Gyies Bingley, Manchester, druggist. John Penny, Lincoln, merchant. Arthur Ledger, Great Pearl-street, Spittalfield!, and Trinity-square, Brixton-road, glass colour merchant and grocer. LEWIS AND COMPANY'S NEW EsTAIILISHMENT FOR BOYS' CLOTHING.—Number of boys clothed for the week ending Saturday, April 30th, 816: corresponding week last year, 785.—Increase, 31 boys. No SIIIP SHOULD Go TO SEA without one of Saunders and Co.'s-Patent Selt-cleansing Charcoal Filters, cased and fitted-up expressly for use on board ship. Note the address, SAVNDERS & Co., 16, Parker-street, Liverpool. EXTRAORDINARY AND USEFUL INVENTION. —There is nothing that housewives complain of with greater truthful ness, than the breaking of some favourite piece of glass, valuable china, or earthenware. In hundreds of cases such things cannot be matched, and of course cannot be mended. The latter want has been obviated by an extraordinary and effective invention, by Mr. Adshead, of Derby Pottery, near Derby. It is a cement that may be said to heal, in a per fect manner, all cracks and breaks in the articles spoken of, and not only in these, but in marble, alabaster, &c. The benefit of this article need not be dwelt on. We have seen some of its effects at Mr. Hall's, our neighbour's, and the glass that has been cemented by it is stronger in that part than in any other. The article is very cheap, and no house can be long without it. Mr. Hall is the agent for its sale in Liverpool, and all interested can judge for themselves by looking in at his establishment. Agent for Liverpool, E. T. Hall, 23, South John -street. Sold in bottles, is each, or sent free on receipt of sixteen postage stamps. N.B.— None are genuine, except bearing the sigzastum, "E. T. Hall." THIRD EDITION. -I'.i()ILTIIERN DIMS OFFICE, SATURVAS, 11 A.M . NEWS FROM THE" SEAT OF WAR. AUSTRIAN BULLETIN. VIENNA, Friday. General •Gyulai reports as follows Yesterday (Wednesday) we made demonstrations near Candia and Fressmetto. On our -side we had twenty wounded. Near Coruale we have thrown a bridge over the Po, have crossed the river, and fortified the head of the bridge. A deplorable accident has occurred , on the railroad near Verona. A train filled with troops came into collision with ammunition waggons, some of which exploded. Twenty three men were killed, and 124 wounded, belonging to the l7th Regiment. NO officers have been injured. The following telegrams have also been received TURIN, May 6th, Evening.— A company of troops have been despatched to -capture the war material which the enemy had transported to the western side of the Sesia, for the purpose of being conveyed to Candia and Terranova. The body of the enemy's army which, yesterday, occupied Trino and Pohrietto, has withdrawn to Vercelli. The official Piedmontese Gazette publishes an announce ment laying an embargo on Austrian vessels in Sardinian ports, but neutral property on board is to be respected. PARIS, Saturday, May 7.—The ifoniteur of this morning contains a decree appointing Marshal Vaillant and Conut Walewski members of the privy council. Another decree makes the following fresh appointments: —M. de Royer, hitherto Minister of Justice, to be Senator and first Vice- President of the Senate ; M. Delangle, hitherto Minister of the Interior, to be Minister of. Justice •, Generai Randon to • be Minister of War ; the Duke of Padoue to be Minister of the Interior ; Marshal Vaillant, hitherto Minister of War, to be Major-General of the army of Italy. The Moniteur also states that Lord Cowley has gone to London on family matters, but -will return to Paris on Sunday or Monday. THE NORTHERN TIMES SATURDII, MAY 7, 1859 FRANCE AND GERMANY. A note in the Moniteur of this day (Saturday) denies the correctness of the statement that France intends to place an army on the Rhine, and'says The garrisons of the frontier towns have not been in creased by a single regiment. If the Emperor has given to an illustrious marshal the title of Com mander of the Army of Observation, it was to indicate that, in case our frantiers should be threatened, all the garrisons would form one army under the command of the Duke of Malakoff. MONETARY AND COMMERCIAL. LIVERPOOL, Friday Evening. There has been no change in the Cotton Market to day. The sales have been 4,000 bales, and all to the trade. Of the week's business, Messrs. Wright, jun., and Co., say : The gloomy aspect of affairs existing at the date of our last circular advices, per Persia, has rather increased than otherwise in the interval. Advices from the Continent are meagre, and the wires being in possession of the belligerent powers, tends to limit information to garbled statements of the progress of events, from which it is difficult to draw deductions. The funds and public securities are fluctuating and depressed, and the demand for money accommodation is so urgent, and in excess of the arrivals, that stringent terms for other than short-dated paper are exacted. Continental exchanges have advanced, and war requirements will tend to further stimulate the movement, and our Bank interest ra t e i s aga i n ra i se d f rom n to 44 per cent. These combined influences serve to in crease the cautious action of the commercial community, and check the onward course of trade, whilst holders of Cotton in particular are eager to realise, and in many instances accept prices widely at variance with quotations, which are 7-,d. per lb. lower during the week, and still tend downwards. The large quantity at sea, from American and East India ports, imparts a desire to anticipate the result of a heavy import freely offered, which is looked for with a change of wind, and the demand is confined to retail parcels, for the immediate use of spinners, whose contracts for productions are gradually drawing to completion. To day's sales are estimated at 4,000 bales, the market closing without any improving symptoms at irregular prices. The total sales of the week, including what has been f orwar d e d from the ship's side, amount t o 28,690 bales, of which 24,300 are American. Speculators have taken 1,100, and exporters 1,880, leaving 25,710 bales of all kinds to the trade. The import for the same time is 12,763 bales, of which 9,964 are American. The quantity known to be at sea from American ports is about 366,000 bales. Messrs. Edmund Jardine and Co., in their circular to-day, say : We have again to report a very irregular and unsettled market, the same causes which have influenced our Market for some time past still exist, and with a further adiance in the rate of interest at the Bank of England from 34 to 44 per cent., although favourably viewed, has produced great caution on the . part of purchasers, who have restricted their operations to immediate requirements. The daily sales throughout the week have been very small, which has been abundantly met at a decline of Id per lb. for the current qualities of American on the quotations of Friday last. Surats are heavy at a decline of a Id. Brazil and Egyp tian are irregular, the former being id and the latter id to Id per lb lower. Sea Islands have been in fair demand at prices in favour of the buyer. The Liverpool General Produce Markets this week have been tolerably active. Ashes have been in good demand, and sales comprise 400 barrels, chiefly Pots, at 31s ad to 325, and Pearls at 31s 6d per cwt. In Bark, small transactions in Philadelphia firsts at 10s, and 800 bags Baltimore at 7s per cwt. Clover seed is irregular, and only 250 bags have changed hands at 46s to 52s per cwt. ; sowing season over. A small parcel of Timothyseed realised 29s per cwt. Lard has advanced to 60s and 63s per cwt., at which rates 60 tons have changed hands. Linseed Cake is more inquired after, at £8 10s to £9 per ton for thin oblong. About 200 tierces Rice of fair to fine quality sold at 21s 6d to 23s 6d per cwt. Arrivals of Rosin being retarded by adverse winds, common qualities have adv ance d f rom 4 s 3d to 4s 4d per cwt., up to 14s for very fine. Tallow has declined is 611 to 2s per cwt., and only small transactions reported. 500 brls. Spirits Turpentine sold at 42s 6d to 44s 6d per cwt. - In the Salt Trade, during the last month, a more lively tone has been visible in most descriptions, although the exports for the period have been con siderably less than in previous years ; the scarcity of Foreign vessels in port, and very few arriving, owing to the prevalence of adverse winds, have retarded the execution of numerous orders on hand. Prices have remained steady, but higher ones may fairly be anticipated, on account of the River Weaver going to be let off, on the 21st May, for three or four weeks; this, necessarily, will stop supply, and create a scarcity of salt in the market. The total export from the Port of Liverpool, for the month, was 51,315 tons ; showing a great decrease, when compared with that of the corresponding month. of last year, when the export was 72,948 tons. The shipping season to the United States being over, only 9,879 tons have been sent; New York and Boston taking over 3,000 tons each. The. British American ports have taken 22,938 tons ; out of which, Newfoundland appears for 9,284 tons:; Quebec,. &c., 6,397 tons ; Halifax, 4,381 tons ; and St. John's, 1,134 tons. The Calcutta and African trades still show a decrease in shipments, though, in the former, a revival has latterly taken place. An increase is visible in the Australian trade, 1,862 tons having been shipped to Melbourne, Sydney, &c. Shipments to the Baltic, &c., were 8,438 tons, Riga taking 2,559 tons ; Narva, 1.873 tons ; Cronstadt, •1,058 tons ; and Pernau 933. Exports coastwise were 6,483 tons. The quotations to-day are as follows :—Common Salt, at 4s 3d; Rough ditto, at 55 6d to 9s ; Stoved Ist Class, 7s 6d; Butter ditto, 6s per ton. Messrs. G. F. Martin and Co. have this day issued their usual monthly Hide Circular, and we quote from it as follows : Our market during the past month has been very excited, caused by the Continental disturbances, and the very small stock of hides held here and in London, the transactions have been confined to the common descriptions, of which our stock consisted, at an advance of id to Id per lb. I Several cargoes o f M on t e Vid eo, &c., have been sold to arrive, but prices not reported. The sales, on the spot, amount to 8,400 hides, at the following rates :--Ordinary Buenos Ajos, average 6211b5, at 61d per lb., tare 51be., average 661b5., at 78d per lb., tare 61ba.; light ox, average 461bs. to 49albs., at 6P per lb., tare alba.; extra heavy, average 84 1-7 lbs., at 61-d, tare lbs.; ox (all faults), aver age 601bs. to 631bs , at 56d to 6d per lb., tare 51bs ; cows, average 4911 b., at 614 per lb., tare 51bs.; cows (all faults), average 471b5., at 5d to 5241 per lb., tare 41bs.; ordinary M.V., average 6611b5. to 681b 5 ., at 71d per lb., tare Ms. Stock 3,166 hides. The Leather market is very brisk, and holders are asking higher rates ; latterly an advance of lel to 2d per lb, has been obtained. The stocks of Leather throughout the country are very small. The London Stock Market has been quiet but firm to-day, and in the absence of any new disturbing cause, prices show an advance: upon yesterday's quotations. At noon, Consols were quoted at 901 to 904, and they remained steady at that point until the final close. The closing prices of other securities were :- Consols, for Money and Account, 90/, sot ; Three per Cents, 891, 891 ; Bank Stock, 215, 220 ; Exchequer Bills-Large and Small, 17, 23 pm. The London Share Market has been tolerably steady to-day, and prices have shown a tendency to improve. The following were the closing prices :-Ambergate, 51, ; Caledonian, 711, 721 ; Preference, 98, 100 ; Eastern Counties, 501, 519 ; East Lancashire, 83, 85 ; Edinburgh and Glasgow, 67, 69 ; Great Northern, 93, •95 ' • ditto A, 78, 82 ; ditto B, 124, 128 ; Great Western, 49, 50 ; Lancashire and Yorkshire, 83, 85 ; Brighton, 103, 105 ; North-Western, 84, 86 ; South-Western, 84, 86 •, Manchester, Sheffield, and Lincoln, 31, 32 ; Midland, 90, 92 ; North British, 491, 501; ditto preference, 103, 106 ; North-Eastern-Berwi c k, 82, 83 ; ditto Leeds, 41, 42 ; ditto York, 67, 69; North Stafford, 51, 5/ ; South Eastern, 59k, 601 ; Turkish Sixes; 58, 62; ditto Fours, 98, 100 ; Great Western of Canada, 134, 131 ; ditto Trunks, 7, ; new, 74, 61. ,The letters by the River Plate and. Brazilian Mails were delivered this morning. Our corres pondent at Monte Video writes :- MONTE VIDEO, April 1, 1859.-Produee : Transactions in produce have been on a very limited scale this month, not over'B,ooo animals having been slaughtered ; however during the past few days a little more animation on the part of bnyara has begin apparent, and the amount killed in February will, probably be greater, than this month. Salted Hides : .Sales during the month amount to about 18,000 at 70 reales to 71 reales - per 751 b. Wool remains firm in price, with the exception of the unwashed which is dull of sale. Hair is in good _ demand, particu larly " Mestiza" superior class. Hors* Hides both classes : No alterations from February quotations. Tallow : No alteration, last sale 100 pipes, at 22 reales per 25 lbs, stocks very limited. Sheep Skins : Very dull of sale. Nutria Skins very scarce, and dull of sale. Freights, in general, notwithstanding the hope expressed in our last, that in the event of Saladeros killing heavily this month, ,rates would be maintained ; such, we regret to say, has not been the case with vessels on the berth, as a con siderable portion of the Saladero produce, this month, has been for orders. Vessels loading on the berth have been glad to fill up at our quotations; but in charters, Bone ash excepted, rates shew no decline, and we close the month with a scarcity of suitable disengaged tonnage. Exchange : Operations commenced for this mail at 42d per current dollar, but has since gradually declined, and to-day's current rate may be considered at 414 d, transactions very limited.- Export of produce from Monte Video, from let to 25th March, 1859: 11,425 salted ox and cow hides, 13,968 salted horse hides, 367 dry horse hides, 185 pipes tallow, 12 cases mares grease, 3 bales wool, 36 bales sheep skins, 44 bales hair, 210 bales tobacco, 1,569 seal skins, 9 cases seal skins, 49 cases seal oil, 1 cargo bone ash a n d b ones . From the Uniguay-15,510 salted ox and cow hides, 450 pipes tallow, 3 cargoes bones and bone ash. Rates of freight -Hides Salted, England, 355. ; dry, ditto, 705.; pipes, 355. ; cases, 355. ; bales, 30s. ; 5 per cent. The London Wool Sales were resumed to-day, Messrs. Simes and Co. commencing the series ; although there was a fair attendance of buyers, and the biddings were considered steady, the wool sold at 11d. to, in some instances, 3d. per lb. beneath the last sale's rates. Considering the almost unprecedented extent of the fall in nearly all classes of securities, surprise is expressed at the magnitude of the dividends already arranged by most of the failed firms in the Stock Exchange. The effect of the embarrasments which were precipitated by the Russian alarm, is, however, still severely felt in every department. Forced sales of securities continue to be pressed for account 'of embarrassed houses, and have the more influence at a time when such large quantities have already been poured upon the market. The absorp tion by the public goes on, but appears to be still exceeded by the sales. The rise in the rates of discount also causes sales of English railway and other stocks hitherto held on borrowed money. The addition which will be made to the depositsin the Bank, through the payment of about 18 per cent. on the Indian loan, fixed for to-day, will form a partial set-off against the demand on them in connection with the repayment of £2,000,000 Exchequer Bonds on Monday. The instalment on the Indian loan represents about £900,000, but there will, of course, be a good many defaulters, partly from inability to pay, and partly from want of principle. The probable financi a l requ i rements of the British government are daily exciting more attention. The Joint-stock Banks have raised their rates for deposits from 21 to 3* per cent., being 1 per cent. below the Bank rate of discount. The London and Westminster Bank, however, allow only 21 per cent. for sums below £5OO. Messrs. Overend, Gurney, and Co. have raised their rates for loans 1 per cent., fixing them as fol lows, viz., for money payable on demand, 31 per cent.; at three days' notice, 31 per cent. ; and at seven days' notice, 4 per cent. The amount of gold withdrawn from the Bank yesterday, for exportation, was £64,000, making a total of £246,000 since the date of the last return. £47,000 in American gold, by the µ steamers City of Baltimore, Vanderbilt, and Lebanon, was also purchased for the continent. The Vanderbilt brought £186,000 in specie, but only £lO,OOO was for England. The markets for Russian produce remain flat. A telegram from St. Petersburg announces an advance of 6 ro., in the price of tallow, the quotation being 197 ro. on the spot, and for delivery in June. The exchange on London has fallen to 334 d. At Lloyd's war premiums have not advanced within the last three days, and perhaps on a ccoun t of the indefi n it e na t ure of the risks at present to be apprehended, no great amount of this kind of busi ness is being done. Neutral property in Austrian ships from Holland to Constantinople has been covered at ten guineas extra by vessels which sailed in March, whilst the rate by a British ship is twenty shillings for the same voyage. No intelligence has yet been received of the Bom bay and Australian mails, the light portion of which was due at Marseilles, on Monday. In the event of the Bombay mail reaching Suez first, the steamer would be detained at Alexandria for thp Australian, or vice versa. The steamer appointed to bring for ward the Australi an ma il on t h e present occasion is 'the Emeu, which has hitherto enjoyed a fair repu tation. With reference to the market for American Securities, Messrs. D. Bell, Son, and Co., report as follows : The market for American Securities during the past fortnight has been somewhat influenced by the panic that has prevailed in that for other foreign securities, and some forced sales ha ve b een ma d e at a d ecl i ne not exceeding about two per cent. In the new railroad bonds that have been saleable at any price. Business has been done at considerably lower quotations. The alteration at the Bank had no effect on the Funds, which opened at the quotations current at four o'clock yesterday, and remained at that level for about an hour after the commencement. There were subsequently some fluctuations, but the closing prices were 4 1 per cent. better than yesterday. The rise in the rates of discount causes sales of English Railway and other Stocks thereto held on borrowed money. It thus happens that although Consols have improved, several other classes of securities have again given way. The amount of gold withdrawn from the Bank to-day. for exportation was £64,000. £47,000 in American gold was also purchased for the Continent.-. Daily News City Article, Thursday Evening. This has been settling day in the English Funds, and on the whole it has passed off well. No failures have been declared, a delay being granted in all cases of doubt to the end of the week. The Bank of England will now make advances to their customers on six months' bills at 51 per Cent. The demand for discount at the advanced rate was very active to-day, both at the Bank and in the open market. All the Joint-Stock Banks have raised their allowance on deposits one per cent., the rate being now 34. The raising of the rate of discount by the Bank to 41 per cent., is a result merely of the movements of the public. There is no excessive pressure from ally immediate wants on the part of the mercantile body, but the enormous outlay consequent on the general arming of Eurdpe, it absorbs specie and causes a continual increase in the value of capital. During the two months preceding the declaration of war against Russia, the Bank lost about £1,600,000 of bullion ; in the succeeding two months, they lost an additional sum of £2,100,000 ; and from that day, up to nearly the end of the conquest, there was no further serious reduction.— Tunes City Article, Thursday Evening. The Times says the business of the banking firms of Arnstein at Vienna. which has just failed, was extremely large. Their liabilities are reported as £2,000,000, but this seems to be mere conjecture. The markets for Russian produce remain fiat. A telegram from St. Petersburgh announces an advance of 6 ro. in the price of tallow, quotations being 197 ro. on the spot and for delivery in June. Exchange on London has fallen to 332 d. BANK OF ENGLAND RETURNS. ISSUE DEPAILTMEIsTT. Notes issued X. CREDIT. 31,046,035 Government Debt 11,015,100 Other Securities IGold Coinandother Bullion • £31,046,035 I BANKING DEPARTMENT, £31,046,035 DEBIT. £ CREDIT. E Proprietor's Capital. 14,553,000 I Government Secu- 1 11,371,118 Rest Püblic Deposits Other Deposits Seven-day & other 1 784,760 Gold and Silver Coin Bills 19,137,314 8,790,350 634,445 Z 39,933,227 £39,933,227 I Total Compared with the returns of the previous week, the above shows the following results : Active Circulation 22,246,295—1ncrea5e Bullion Rest 811,425 434,862 4,226 Seven-day & other 1 Bills Public Deposits Other Deposits Government Secu- 1 11,371,118 No change 784,760—Increase s,46B,oo3—lncrease 15,963,971—1ncrea5e 218,612 627,346 rities Other Securities Notes unemployed Cash to liabilities per Mil _ i 19,137,114--Increase; . B,79o,3so—Decrease 1,681,613, 706,295 424—Decrease Rate of Interest, 4} per cent. Increase,l per cent FOREIGN EXCHANGES. Amsterdam Short Ditto, 3 months Rotterdam Antwerp ... Brussels Hamburgh :. • Paris Short .. Ditto, 3 months .. Marseilles Frankfort Vienna Trieste St. Petersburg . . Madrid .. : 11 ... 11 to 11 ... 12 11 ... 14 ... 11 ... 15i 11 .. 14 . 11 .. 15 24 95 ... 25 ... 5 24 95 .. 25 .. 5 13 ... 4 13 5 25 ... 25 10 25 35 ... 25 40 25 ... 3$ 25 40 115 ... 1151 15 ... 0 15 ... 50 15 0 15 ... 50 MANCHESTER TRADE REPORT —MAT 6. We have again a dull market, with very little actual business doing, but the depression is not so great as on Tuesday last. There is a little more enquiry going on both for yarn and cloth, especially the latter. LIVERPOOL PRODUCE MARKET.—MAY 6. Colonial, &c.: The Sugar market to-day has been quiet, the sales being confined to 25 hhds Demerara at 39s to 39s 6d, and 600 bags Benares at 42s 6d per cwt. Nothing has occurred in Molasses, Ruin, or Co.ffee. The general tone of the Bice market continues quiet, but for the better descrip tions a fair demand exists, and full prices have been realised for Bengal, while A rracan i s ra th er easier, the sales have been 10,000 bags N ecrans i e at 10s, 2,000 bags Bengal at 12s, and 900 tons Bengal, to arrive, of which the price has not transpired, and 165 tierces Carolina are also reported at 21s 6d to 22s 6d per cwt. In Agewoods, only 20 tens Rokelli Camwood at £37 10s to £37 15s. Retail sales Pot Ashes at 32s for old. Nitrate of Soda is quiet, at 16s 6d per cwt for 5 per cent refraction. Nothing has transpired in Brimstone to-day; , the week's business comprises about 1,200 tons on the spot at £7 17s 6d to £8 5s for 3rds, and £8 up to £8 7s 6d for best 2 n d s ; a l so 290 t ons 3rds, to ar rive, at £7 17s 6d per ton , 7 casks Sicilian Argols are reported at Us 6d, a few casks Oporto red ditto at 425; 10 cwt yellow Tartar at 110 s ; small sales Gum Gedda with out change; and 10 tons Irish Farina at £l4 10s per ton. Oils, &c.: Palm quoted at £47 ; nothing further in Olive ; some business done in Linseed Oil at 31s to 325. The market for Tallow is quiet, PYC at 58s to 58s 6d. 300 casks Ame rican Lard sold at 61s. Of Rosin, 850 barrels common at 4s 3d to 4s 4d, chiefly at 4s 3d ; and 45s per cwt, on the spot, asked for Spirits of Turpentine. 1,400 bales Jute, at auction, went off with spirit, and in some cases at a further improvement in prices, viz, from £l5 to £2O 12s 6d for common to fine. 100 bales Bombay Hemp brought £24 to 5s per ton. We have likewise to notice 400 bags Bom bay Linseed, at 54s per quarter. LIVERPOOL COTTON MARBET.---MAY 6 The causes, noticed in our last, as exercising so depressing an influence upon our cotton market, have been further developed during the present week. Holders, quite uncer tain as to the effect of the war, now begun, may produce— and influenced by the rapid advance in the value of money, and the expected difficulty in making arrangements to hold (upon arrival) the large quantity of cotton afloat -- have pressed sales with great determination, and, with a very limited business, the market has been very irregular, at l i d per lb decline for American. Brazil and Egyptian id per lb lower. Surat 4d per lb lower. The weekly sales are 28,690 bales, of which 1.100 are on speculation and 1,880 for export. THIS WEEK. DESCRIP• ----- Import. I Sales. TION. This Week. Mid. Fair. Prices Paid. 1 Cur. Price, 6,491 41 370 Sea Island /11 to 21 12 to 13 \ , - - i 6,300 Upla n d '4l ' 3,467 1 8.570 3Mobile , Id 9.060 New O r l eans 4 1 530 Brazil 2,802 1,060 Egyptian 7 ini 71 20 West India . 8 9 7 2,780 East India 4 51 4i ------- - 12,763 28,690 Total ... - I V 331,600 7A 71 1 395,510 LIVERPOOL CORN MARKET.—MAY 6. This morning's market was thinly attended, and the very reverse of what it lately has been—slow in the extreme—and wheat nominally 3d to 5d per 701bs cheaper. Oats barely as well sold, but stock light. Peas and beans, as also barley, steady in value. Indian corn, 2s per 4801bs, sack flour about is per 2801bs, and oatmeal is per 2401bs cheaper. American oaty red wheat 6s to 7s 4d ; French red 7s 10d to 8s 3d, white 8s 4d to 8s 9d ; Danzig 9s to 10s per 701bs. Yellow and mixed maize 35s to 375, and white 40s to 42s per 4801bs. Scotch and foreign 4s to 4s 6d per 451bs ; feeding barley 4s to 4s 6d per 601bs ; Egyptian beans 41s to 42s per 480 lbs ; peas 45s to 48s per 5041bs ; linseed 55s to 56s per imperial quarter ; barrel flour ranges from 25s to 30s per per 1961bs ; sack flour from 36s to 46s per 2801bs ; oat meal 30s to 343 per 2401bs ; Irish red wheat 7s to 8s ; white 7s 3d to 8s 9d per 701bs; oats, 3s 10d to 4s 2d per 451bs. FOWLER & FREAN. LIVERPOOL PROVISION MARKET.—MAY 6. At the close of last week and beginning of this, the specu lative demand for Beef continued active, at daily advancing prices, but, during the last day or two, buyers have paused, and the market must now be quoted quiet, but firm, at the full advance, which is lOs to 20s per tierce, as in quality. In Pork there is again a large business, at an advance of 5s to lOs per barrel, and, though now quieter than in the early part of the week, great firmness prevails. Bacon is held for farther advanced prices, but the demand is not active, the dealers being abundantly supplied with Irish and home cured. Lard has further advanced is per cwt, and the sales again reach to about 100 tons. Cheese steady, and rather more doing in medium qualities. Tallow is flat, at a re duction of about 2s on the week. Linseed Cake is dearer, and rather sought after. -- LONDON PRODUCE MARKET.---MAY 6. • /../. • Sugar dull ; public sales going at steady rates. ~.• Coffee flat, and 5s to 6s lower than the late highest points. Tca unchanged ; common Congou quoted at 14d. Rice quiet ; of 33,000 bags offered by auction, nearly all taken in; 300 bags middling Bengal sold at 10s, and 300 bags cleaned Java sound 17s, damaged 16s. Saltpetre :Of 1,100 bags Bengal offered to-day, 700 sold; 5 per cent at 475, 71 per cent at 46s to 46s 6d, and 9f per cent at 465, being 3d to 6d dearer. Nitrate of Soda: 150 tons sold at 16s 6d to 163 9d 1 LONDON CORN MARKET.—M AY 6. At this day's market the suppli es were moderate. English wheat lost the life of M on d ay, and must be written 2s. per quarter l ower to sell. For:- eign importers ars not disposed generally to sell, but . weak holders would have to take is to 2s per quarter less to realise. Floating cargoes : None off the coast or on the passage. Ghtrka easier to buy, but pow buyers are not plentiful, as the risks are gresl, q • 2s per sack and b arre l l ower . Indian corn, 1 1, 0 " by lower prices in Ireland, has lost late activity and Barley has rapidly ad v anced, owing to the French 0 ", t ment having taken ab ou t 26,000 quarters off theln,,,a r le export to Italy. Odessa and Danube have been PrA,4O at 29s per 4001bs off stands. Peas and beano tc ar e sellers favour, and sale s scarce . Oats not as good, at " the rates of last day. BOROUGH HOP MARKET.—MAT 6 ' There is a fair amount of business doing in fin e ; l e ao at full quotations, but other kinds are less active. ; and old parcels are much neglected. LONDON TALLOW. MARKET.- 31 A 1 b t . obi The market is steady to-day at 55s 9d on the S P ° for June, and 56s last three months. LONDON MINING MARKET—MA Y jiri o Little business has been done this morning ill ed" tti mining stocks. --The--transactions officially rep ort ( 111 , ' Stock Exchange , comprise Alfred Consols at 7 1 31 ,0 Providence Mines, at 89 ; and Wheal Trelaivneh t t. div. There are some inquiries for shares i n ,'DoO I 'United, West Caradon, Tamar Consols, and IC°r t ; mines. Foreign and colonial mining shares rem 0 0 Port Philip have been dealt in at 10s., and United at 1' a• LONDON MONEY MARKET.-3fAI 6 he 1 111 Consols very steady all morning at 90 to 901. for to account, and 904- to 901, for , money. Shares quite at and prices unchanged. French unchanged. WAKEFIELD CORN MARKET.—M• Ir i ° If . Wheat 4s dearer, barley 2s dearer. Trade sl° BELFAST CORN MARKET.—MAY 6 ' . Good attendance; foreign and store wheat larg e , fore ig s actions have taken place during the week both lu th i s di! and Irish wheat, at about 20s per ton advance er1 ,101 33 , ff se'nnight, with a good deinand. Indian corn b 0 r y , 4 7 ticipated is the rise, with a g oo d consum ptive inc1; 11 , 0 22 7 quote the advance lOs to 15s per ton.. Farmers were moderate, and sold at a considerable advance. DUBLIN CORN MARKET.—MAT 6. so fa/ All farmers produce short supply. Buyers not iss tA to push, as prime samples realised full rates of da is Foreign wheat nothing doing, maize a retail deroa ll o' day's prices. Flour in request at an advance of lar Trade quiet. CORK BUTTER MARKET.—MAT 6 ' 0 1 0 , 0 lsts, 116 s ; 2nds, 116 s ; 3rds, 108 s; 4ths, 84s; ''' 1,200 at market. GLASGOW IRON MARKET.—MAT -6 V. 4106 i Market firm. No. 1,47 s 6d t o 47 s 9d ; warran 2 — ts. 47§ to 47s 9d; makers' iron, 47s 6d to 47s 9d ; N° . to 47s 9d. SHIPPING INTELLIGEN' HIGII WATER. Morn. WIND igh ne t ' Even. , 5 2 18 ..•• '" Tills DAT At LIVERPOOL,—S.—Light breeze. " HoLTHEAD,—S S.W.—Light breeze Ellen .. Germania Gleanings ARRIVED. 01 ) ; 0 . 0 Nantes Minho (ss) •• • • ) Hambro' Villa Nova .• • • .. Havre SAILED. Philadelphia Amelia .. ....Smyrna Kingston .. .. St Brie= Larissa ...... MARITIME EXTRACTS. 3 ( 4 1 t sf , Lrvuarooll s tero A brigantine was seen ag roun d on W es t Hoyle Y e and subsequently came off. be The Eliza, Monterio, h ence t o Li s b on , has near Cascades, yesterday ; crew saved. been sl9°' The Tvende Brodee, hence to Gibraltar, has 1 , 0 doned at sea ; crew arrived a t Li s b on . 1 10. 0 The Royal William, that sunk in the Ne w (Holyhead), has been towed into the Old Harb oa r* °l ,a h 00 ;° ; The Broughton Hall, for Aden, a ft er b e ing W; 0 1 :4 Birkenhead - Dock by the steam-t ug G rea t Colicl a v e ' g r' to the ebb tide, and heeled on t o th e b eac h at """' t sf but was subsequently towed o ff. ST. ROGUE, May 3.—The Lively, Swansea Gp foundered ; crew brought h ere . icke`,o a---- - been r Amelia Imperial (ss) Midge (ss) , NTWERP, May 4.—Some wreckage bas on the coast of Peniston, su pp ose d t o b e f ro m the 'v e il(' (ss), from Liverpool to Na n t es , sun k b e tween and Groit. OUTPOILTS KINGSTOWN, Dantzic. May 6.—Arrived The Williao3! QUEENSTOWN, May 6.—Sailed : The Vigo (s' New York DUBLIN. May 6.—Arrived : The Carl Frederic' Memel ; Mischief, Rouen; Zephyr, Antwerp. ;cllTi tel o r BELFAST, May 6.—Ar r i ve d : Th e Enclen, from f Sailed : The Inke rmann , for North Shields ; I°l •eif Liverpool.frOill GREENOCK, May 6. —Arrived : ' The Cora Lirm i a. York ; Berbice, Hayti ; Jamaica, Jamaica ; land, to repair damage, having been on fire at sea' FOREIGN PORTS. D ad Earl of Sefton, from Kurrachee at Calcutta pa Reaper, John Pardew, Witch of the Teign, an less, all hence at Rosario James aunt, from Clyde at Rosario • Acorn, hence at Buenos Ayres for R °s Maitland, hence at Buenos Ayres, and sailed Adam Carr, hence at Buenos Ayres Lunan, hence at Pernambuco, March 19 e t Agnes, from St John's a t P ernam b uco March "„ Dante, from St John's at P ernam b uco , Mateo 2 / ITermione, from Maceio at Pernambuco, Mar, c ` l 3 o Mercury, from Maceio at Pernambuco, Mar , i a Etherial, from London at P ernam b uco , April ; n ril v Undine, from Newfoundl an d a t Pe rnam buco, Echo, from Swansea at Pernambuco, April 1 3 . .„ 4 1) Margaret, from Londo n a t Pernambuco, April ei Taw Genevieve sailed from Pe r n am b uco f or Liverr 99 Zo4. • ch 0 Medea sailed from Perna m b uco f or C or k, 1 -‘ l 'l,- r e h 3 , 0 30 Eleanor sailed from Pernamb uco f or Ceara, 3 3 f 0 re , `, 16 1 3 Trinculo sail e d f rom P ernam b uco f or P ar aiba, °a op Vestal, from Newf oun dl an d at P ernam buco/ 0 for Baltimore Giaour, from St John's, Newfo un dl an d, at perao and sailed for Baltimore Reindeer, from Halifax at Pernambuco Spy, from Para at Pernambuco Offspring, Grant, hence at Madeira, for Mew loss of topmast Africa (s) hence at Malta. Oa Agia Sophia (ss), from Alexandria at halts' Taurus (ss), Inglis, hence at Palermo, and left g,, j ,. ° Danube (ss), Pa r fitt, h ence a t N ap l es, and left '- Charles Souchay, Edwards, hence at Charen te ' Branch, Cooper, hence at Marseilles. Charity, hence at Corunna, and left for Fer° e * yt Armenian (ss) from Africa at Madeira. Burgomaster, Schwing ; and Dred, both hence for tfavannah. d FailedAraxes(ss), Ho rs f a ll, h ence at M a lt a , an Alexandria. abour°' otet MONTE 'VIDEO SHIPPING. FOC ° foot Vessels loadin g p ro d uce f or Eng l an d St Rhondda, Siriope, Juan Bautista, Star of 11 °P e ' Clorinda, Palmira, Theron. Vessels cleared from 27th February to 30th Feb 27: Aallatar, for Liverpool March 1 : Maria de La C once pti on , for LiverP °°l March 2 : Majesty, for England March 5 : Adriatic, for England March 13 : Jeune Feliz, for London March 28 : Palmira,. for England ARRIVALS. Feb 27 : Theron, f r o m Li verpoo l ; Th ame s, from 14° March 3 : Robert Bruce, from Cadiz March 7: Lady Londesborough, from Liverr -- " n i; : ; from London Souvenir, from Cardiff. March 8 : Tigre, from Patagonia March 10 : J Canttryefaer, from Cardiff March 13 : Zelie, from Cardiff March 16 : Solace, from Swansea March 18 : Earl of Derby, from Liverpool. • DEPARTURES Feb. 26 : Duezorelli, for England Feb. 28 : Reciprocity; N. E. V. A land March 3 : Robert Bruce, for Buenos Ayres ... .b o th March 4 : Majesty ; Maria de la Concepsio 0 Englan 7 : d h for D uo Ay March Souvenir; Halifax Packet —bot h ier• res March 9 : Adriatic, fo r En g l a nd; and Mina tar for 111— ' pool March 11 : Tomasina, for England March 13 : Zelib, for Buenos Ayres March 21 : Plantin, for England March 24 : Jeune Felix, for London March 28 : Hinda, for England March 29 : Sappho, for Paisandu Orno--01 for Oa