The Northern Daily Times.
Liverpool, Merseyside, England, 1853-11-24 00:00:00

MONETARY AND COMMERCIAL,

LIVERPOOL, WEDNESDAY EVENING.
By the steamer Arctic we are in possession of
advices from the United States two days later than
those contained in our telegraphic despatch of
Monday last. The Arctic
_brings 89 passengers,
and 401,358 dollars on freight. Her commercial
and monetary intelligence is important. In the
progress of business the rise in breadstuffs re-
ported by telegraph, per Niagara, consequent upon
the news brought out by the Franklin, was not
maintained, holders began by asking an advance of
from 12-i- to 181 cents ; upon these terms but few
operations could be effected, and consequently
prices receded. It is thought, however, by many
of the merchants, that Only for the scarcity of
money a great business would have been done.
The advices taken out by the America had caused
a rise of 181 cents for best, and 121 cents for
common flour brands ; but these advances must
give way to.the pressure for money.
The money market is said to have gained strength,
but there was the same difficulty in borrowing;
only call loans could be effected, and these almost
at the same high rates of interest—say 12 to 14 per
cent. The stock market has shown some improve-
ment, but its continuance is doubtful. Bills on
London active in demand at 109 k to 109 k, inferior
have been done as low as 1071.
• The cotton market was dull but firm.
In the political world it is said to be understood
that Secretary Guthrie is in favour of a reduction
of the duty on iron of all kinds to 25 per cent. ad
valorem. It is also said he will recommend that
salt, dye-stuffs, mahogany, and other furniture
woods, raw silks, crude drugs, and fruits be put
on the free list.
Freights were firm, but not very active. To Li-
verpool-15,000 bushels wheat - were engaged at
120. in bulk and ship's bags, and 17,000 ditto in
ship's bags at 13d. 3,000 to 4,000 barrels flour were

engaged -at 3s. 6d., and 5 tons bee's wax, at id.
The large amount of specie brought by this
steamer has excited the astonishment of the Lon-
don Standard, which says :—The Arctic brings
about 400,000 dollars in specie, which is rather
extraordinary. as with the present rate of
exchange no profit can be made from the
transmission of specie from either side. Here our
contemporary falls into the universal error. He
takes the course of exchange as calculated by the
parliamentary value of gold, while the Americans
deal with it as a commodity; and where they find
that it is not worth more in their market than about
735. 6d. the ounce, whereas we give about 775. 9d.
the ounce for it ; then, as a matter of course, ships
it to this country, and they will continue to do so
as long as we can afford to take it. Gold is, in
fact, the best paying commodity they can ship at
this moment. •

The London Stock Market was less steady to-
day, and a decline in prices was submitted to.
Consols closed 95i to 951; Reduced, 94*; New 31
per cents., 961 to 95*; South Sea New Annuities,
1001; Bank Stock, 218 : Unfunded Debt, 6s. to 9s.
prem.; and India Bonds, ls. to 4s. prem.
Business in the foreign house was almost sus-
tained to day, still there was a demand for Stocks
at low rates, which was not acceded to. Russians
continue 111 to 113 ; Mexicans, 251 to 254. In
Sardinian Bonds there were bargains at 911: 92.
Dutch Fours at 951.

The Share Market has been heavy to-day, and
prices in many instances have declined. A few of
the principal stocks have maintained the advance of
yesterday. North British, 31; Midlands at 631;
Manchester and Sheffield, 222 ; Great Northerns
were dealt in at 86 to 86k ; Caledonians from Vi-
to 561 ; Great Westerns, 831 to 83 ; Lancashire and
Yorkshire,.67-3- to 661; N. Westerns, 1032 to 103;
Grand Trunk of Canada Shares rose 10s. to 15s.
again today ; Great Luxembourgs, l 18 to 101; ditto
Railway, 61 7; ditto Guaranteed, 48 ; Sambre and
Meuse 71-, per cent lower than yesterday; West Flan-
ders, a lower. There was a renewed demand for
Crystal Palace Shares, which fetched 2* 2.1 prem.
Australian Agricultural Company's Shares at 45 to

The Manchester Monthly Circulars speak in re-
markably encouraging terms of the coming pros-
peets of trade. The changes of values then during
the month have been inconsiderable. We quote
7-Bths Printers and 9-Bths Madapollams at about
last month's prices; 9 Bths Printers and Shirtings,
a little lower in some instances; low qualities of
India Shirtings and Jaconets about as before ; the
better descriptions of India Jaconets, as also China
Shirtings, Brocades, and Figured Shirtings, some-
thing lower; T Cloths & Domestics as having re
ceded a little in many cases, and Longcloths
as having receded more decidedly in price.
Money is less stringent than for a month or two
previously. There is no further change in the
minimum rate charged by the Bank of England ;
but money is more, abundant, and the rate more
easy in the Discount market. Anxiety as to the
future course of money is materially lessened, and
the demand for accommodation has become less.
Meanwhile large importations of the precious
metals take place weekly.
The Liverpool Cotton Market was quiet again
to-day, and prices were firm. The sales amounted
to 6,000 bales, of which 1,000 were taken on specu-
lation for account.

The Share market opened lower than the closing
rates of Tuesday, and in the course of the forenoon
prices receded still further. As the day progessed
a firmer tone was observable and prices closed
steady and well supported at quotations rather
above the lowest point. The prevalence of sales
not bona fide still continues.
In London to-day Copper was quoted at an ad-
vance of 101. per ton. Scotch Pig Iron and Tal-
low, dull at rather under yesterday's currency.
On the subject of Iron, the Moniteur publishes a
decree which fixed the duty on Foreign Coke
brought to France at 30 centimes for every 100
kilogrammes in French vessels, and 80 centimes in
foreign vessels. The duty on raw cast Iron, is
fixed at 5 francs per 100 kilogrammes, and charg
ing duties on other sorts of Iron. After 1855 the
duty on raw cast Iron will be 4 francs, and on
other sorts of iron in proportion.