The Northern Daily Times.
Liverpool, Merseyside, England, 1856-12-12 00:00:00

MOBILE

CHARLESTON.
Neomie 1946
Caroline
Tennessee
6559

Sandusky
Fortitude
May Quen

SAVANNAH.

TOTAL.

John Garrow 23861
13Jrneo -
New York
4167,Mobile
!Charleston
NEW YORE. (Savannah
Baltic , . 4031 -
W. Stelson
Ellen Austin . ... , . 586 i

63,846

The Liverpool Share Market opened with rather
a dull feeling this morning, but afterwards slightly
rallied, and closed firm - The transactions con-
sisted of- Caledonians, 311, I, 1,1; Eastern Coun-
ties, 91 ; Lancashire and Yorkshire, 971; Liverpool,
Crosby, and Southport, 18J; Lancaster and Preston
Xll I shares, 61 p; London and North Western
fifth shares, 20/ ; ditto -1- shares. t dis ; Manchester,
Sheffield, and Lincoln, 341 ; Midland, 8.21, ; North
British, 10 1-16, 1 ; Thivers, 221, 1-16 ; Great
Western of Canada, 24+ ; ditto New Shares, 2 7-16 p.
The following were the closing quotations :
Aberdeen, 13 131. Blackburn, 7 71. Chester and
Birkenhead, 174 18. Caledonian, 31+ 313. Chester
and Holyhead, 19a- 191. Eastern Counties, 91 91
East Lancashire, 218 xn 211. Great Northern,
22,4 221. Ditto A shares, 9+ 9f.- Great Western,
693 70. Lancashire and Yorkshire Stock, 97+ 971.
Liverpool, Crosby and Southport, 181 18-,1-. Lon-.
don and North Western Stock, 1051 106.
Manchester, Sheffield, and Lincoln, 341 341.
Midland Stock, 82+ 82%. North British' 10 1-16
10 3-10. North Staffordshire, 5 sd. South Eastern
and Dover, 22 1-16 221. York, Newcastle, and
Berwick, 21 21+; York and North Midland,
30 301- Leeds Capital Stock 18 19. Buffalo
and Lake Huron, A ip. Dutch Rhenish, ! -1 p.
Great Western of Canada, 24+ 24%. Do. New
Shares. 27,- 23p. Great Luxemburg, 101 10+1
. The Bunk of England directors:held their weekly
c )urt, but, as was generally anticipated, separated
without making any further change in the official
value of discount accommodation. This determi
nation was expected. because the demand for
money " out of doors" for commercial purposes is
supported, and unless under very extraordinary
circumstances, the authorities are disinclined to
reduce the minimum too rapidly. Besides this, the
position of monetary affairs in France has not yet
sufficiently improved ; and as the anomalous situ-
ation in which our market has recently been
placed, is in part attributable to the progress of
events on the other side of the Channel, the
authorities are compelled to be guided by financial
movements abroad as well as at home. As soon as
the former are more favourable, and the Bank of
France is enabled to afford increased relief to the
commercial community, a further relaxation may
be expected here, provided no new obstacles arise.
The demand for Money for commercial purposes,
according to a London contemporary of this even
ing, continues good. In some quarters transactions
are reported at a slight reduction from the Bank
rate, but this is exeept:.onal, the Bank minimum
being generally fully maintained. Confidence
maintained, however, by the belief that the present
demand is merely temporary, consisting of the
usual provisi6n against the close of the year, and..
that at the commencement of the new year, in
conjunction with the January dividend payments,
en easier market will he witnessed. An immediate i
reduction of the Bank of England rates does not j
seem to be generally looked for, but many parties I
welch each weekly Court with interest.
The Stock Market was quieter than for a Jong
time past, the inactivity usually succeeding the
closing of the transfer books being augmented by
the little disposition shown to extend opera ions
for an advance As long as the market remains
firm, however, the speculators who bougllt at lower
quotations do not seem inclined to realise. as there
is a better prospect of an additional improvement
than of a reactionary movement. Consols were
931 to 94 all the day. The New three per Cents
were 931 to 94, and the Reduced 93i 1. Exchequer
Bills 5s to 8s premium, the Rend4a IQ:, India
Bonds par to is premium, and the 30 Years
Annuities, IS. Bank Stock, 2181.
The London Railway Share Market to-day was
very quiet but steady. London and North West-
ern, and London and South Western Stocks were
a trifle lower, but Caledonian had slightly ad-
vanced, and were extremely buoyant. North
British shares were enquired for. The sales to,
day included Caledonian, 61f. 3 ; Chester and
Holyhead, 381, 9 ; Eastern Counties, 91 ; East
Lancashire, 80 ; Great Northern, 901; Great West-
ern;69+, 4 ; Lancashire and Yorkshire, 977 ; London
and North Western, 1051, 6 ; London and South
Western, 107 f, 8 ; Dover, 731, 4.
With a view to clear up doubts which have been
erepreased respecting. tile real position of the
2,000,000/ of preferential bonds proposed to be
issued by the Grand Trunk Railway Company of
Canada, the Stock Exchange authorities have put
themselves in communication with the company,
and the following explicit answer has been re-
ceived ;
Offices of the Grand Trunk Railway Company of Canada,
21, Old Broad street, London, Dec. q, 1856.
Dear Sir, —With reference to your inquiry, I beg to state
that the spirit and intention of the act of the Canadian
legislature, passed last session, is that, provided two millions
of preference capital therein authorised be raised, the
province will provide for the interest on its debentures
issued in favour of this company for five years, and that it
will forego its rights as first mortgagee in perpetuity, rank-
ing "as to dividend or interest with that of the company's
bondholders.': The wording of the act might, perhaps, be
olearer, but the intention, as well as the fact, are undoubted.
—I am, &e, RoNsy, Secretary.
Mihill Slaughter, Esq, Secretary of the Railways
Department, Stock Exchange.
The commercial intelligence from the Continent
this morning was considered as generally satisa
factory. Letters from Amsterdam represent the
recent rise of 1 per cent. in the rate of discount as
a merely defensive movement on the part of the
Bank, which was subjected to a certain drain in
consequence of the higher value of money now
With
ruling. in Paris and London. At Hamburg the rate
of exchange is still falling, and stands now at only
four atnhdregard
aahalf
to the
per
ircenotn.
vvand coal trade, we make
the following extract from a trade report, dated
Birmingham, Dec. 10th :
The reports in relation to the iron trade, both here
and in Wales, are decidedly more favourable than they
were a month ago i for Staffordshire iron there is an
increased demand, especially for bars and sheets ; the
second class establishments are better off for orders;
consumers at home, whose stocks are almost without
exception low, are ordering more freely for immediate
use. The improvement which has taken place is not
confined to finished iron; in the course of the last
fortnight there has been more business doing in pig
iron ; sales are not pressed to the extent they were
represented to have been a short time since ; the
consequence is increased firmness of prices, and the
opinion prevails that the prices at which pig iron could
be bought have touched their lowest point. The
growing ease of the money market will, no doubt,
have a considerable effect in restoring the trade
to a healthy tone; but it is felt that something

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