The Northern Daily Times.
Liverpool, Merseyside, England, 1856-11-06 00:00:00

been d

,
enteting into any new contracts -for the
,construc-
tion - of that portion of, the line already. located.
Those persons who have set their hearts upon the
railways and canals.of Nova Scotia, would do well
to

ustom themselves to reflect upon the conse

quences of seeing our " public works" stopped
altogether. The shock which they may soon be
called upon to endure, would then not be so great
to their feelings. -
COMMERCIAL INTELLIGENCE.
MONTREAL, OCT. 24.

The extensive fall sales having created a large amount
of paper, the Banks are liberally supplied with applica-
tions, and drafts subject to a half per cent commission
are decidedly preferred. Exchange is in good demand, at
10 per cent for Bank.

The produce business of the week has been fair. Flour
has not varied materially for a number weeks, No. I still
ranging about 33s 91. The scarcity of water for the mills,
and other causes, in the West, made flour so scarce until
recently, that it could not be shipped to Montreal at a
profit, although Wheat went forward rapidly to the mills
along the Welland and Lachine Canals, at a price which
enabled them to monopolize the market, and consequently,
these-mills have 'driven a very large and profitable busi-
ness this fall. • Now, however, the price in the interior,
Chicago, for instance, has fallen to a rate at which ship-
ments may be profitably made to compete with them.
Butter is firm at lid for good parcels, with very little
arriving, and a brisk demand.

Ashes have been in a fair demand throughout the week
at advanced quotations. Pearls somewhat scarce.

QUEBEC, OCT. 25

ASHES : Both sorts are now coming in pretty freely,
awl good bills fetch outside quotations.
FLOUR': The recent news from Great Britain favors an
advance, but best brands of Canadian being procurable
to-day at quotations of last circular, prices are not
altered.

PnovigroNs : It will be observed that mess pork has
risen in value; other descriptions remain unaltered.
Good BUTTER is in demand.
SALT : Liverpool coarse' is selling at warehouse at 15s per
bushel, and 4s Di to 5s per bag.
COALS: Sales of English and Scotch steam have been made
during the week, 61 dids to 7 dola. Sydney and Pictou house
are in demand.

IRON: English bar has advanced, and is worth quotation
Spikes have been sold during tho week for Montreal account

20s per cwt

CORDAGE: Several lots of British manufactuie ate offering
in market, without finding a purchaseh, even at prices
considerably under quotations.

PAINTS First quality white and red lead are enquired

THE TIMBER. 'TRADE : The circular of Messrs. Forsyth
arid Bell contains the following retnalks :—Our business
season is now drawing fast to a close, and within the last
month, owing to want of tonnage, has been in a' state of great
depression, prices being now from Id to ljd lower than
.during the months of. August and the early part of Septem-
ber. The timber market continues good in England,
and we, imagine that it will be so all winter, as the high
rate of freights now current, with scarcity of vessels,
must necessarily harden prices there, and, as a matter
of course, prevent a heavy fall export from Q,tebec.
At the reduction in our quotations With the improved feeling
at borne, our market has shown a little more animation of late,
and some large sales of white pine have been made in the raft
at prices varying from 8d for 80 feet to 5-14 to 61 for 50 feet,
_ _

and latterly a large sale was effected at 7d for about 60 feet
with culls thrown out for' good girthy timber. The stock
ig will be large, and by-reference to the Statement
from' the.' Superviscr's Office, it will be seen the quantity of
pine measured is greatly in excess of the most extreme calcu-

lations ruade"in suMnair by parties who' professed to .know
what was preparing, for market.. Witlfa heavy stock'on hand
and the probability of continued tightness in our money
market during the winter, we recommend , our friends on the
St. Lawrence and Ottowa, now that they, are making a com-
mencement for another year; to limit .their operations, and
instead of quantity to attend" to quality, a remark equally
applicable to all kinds of square timber, deals, and staves.
Inferior quality tends to depress the market, and if only fourteen
millions of really"good white pine, were next year manufactUred,
it would benefit all concerned. A good deal of small timber
that came down in 1854, is still on hand ; and although
'unsaleable, still exercises an injurious effect on the market.
Red pine has been sold at 101, in the raft, for 50 feet, but the
small averages are dull and difficult to bo realised. Elm
has gone down latterly very perceptibly, and a parcel
lately arrived about thirty-eight feet, and of excellent
quality, does not find a buyer at 14d, although large
averages are Still scarce, and difficult to. be procured.
Oak is not much enquired for, and sales are making by parties
in small quantities at 181 in shipping order. Square Tamarac
is selling at Ild for 35 feet, but for flat there is not much
enquiry. the quantity being still large. Staves are again'dull,
and £55 in the crib with culls, may still be considered the
quotation. West Indias have fallen, and are with difficulty
placed at our quotations. peals continue as heavy- as ever,
and till the Manufacture be reduced must, we fear, be attended
with little profit to the producer. Freights to Liverpool and
Greenock may be quoted at 46s 61 to 475.