The Northern Daily Times.
Liverpool, Merseyside, England, 1857-05-14 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Wednesday Evening.

There was a fair demand for Cotton to-day, and
prices of all kinds were very firm. The sales are
estimated at 7,000 'bales, of which 1,000 were on
speculation and for exportation.
The Liverpool Share Market was much stronger
today, both is to the, business done and the
prices obtained. The following were the
sales reported, viz. :-Caledonian, 361, I 1, 7 ;
Eastern Counties, 11 11-16 ; East Lancashire,
981; Lancashire and Yorkshire, 1021, 1, /. 1. 1, 102,
k, ; London and North Western, 105/, 4,1 ;
Manchester, Sheffield, and Lincolnshire, 431, .43,
421, 1, 74, 1 7-„ 1,1, I, -4, 1; Midland, 831, 4,1,
1 ; NorthEastern,' 21k ; Dovers, 221,1 tt, 1;
Dutch Rhenish, 1, d ; Grand Trunk of Canada,
16 7-16, 1„ 7-16, 1, ; Berwicks, 4 per cent,
92; Liverpool Royal Bank, 393; ditto Preference
7 per cent., 1061; Liverpool and London Fire
and Life, -8. p The following were the closing
prices:-Blackburn, 81, 9 ; Chester and Biiken.
head, 661, 67 ; Caledonian, 371, 371; Chester
and Holyhead, 17k, 181; Eastern Counties, 111,
118 ; East Lancashire, 98, 981 ; Do. £9 shares,
11-16, 13 16 p ; Great Northern, 241, 242 ; Great
Western, 668, 67 ; Lancashire and Yorkshire Stock,
102/, 1021 ; Do. £9 shares, 1 1-16, 11 p; Liverpool,
Crosby, and Southport, 191, 191 ; London and
North Western Stock, 1051, 1068; Do.l shares,
3-16. A i 1 ; Manchester, Sheffield, and Lincolnshire,
43, 1; Milland Stock, 831, ; North -British,
10 13-16, 10 ; North Staffordshire, 5, 41 d ; South
Eastern, 2 11-16, 13-16 ; Scottish North Eastern,
131, 131 ; North Eastern - Berwick, 211, 2.2 ;
York and North Midland, 321, 331 ; Leeds Capital
Stock. 201, 20i ; Buffalo and Lake Huron, Id, 1 p ;
Do., New Shares, 1 d, ep ; Dutch Rhenish, 11,
d ; Great Western of Canada, 24i, 241 ; Do. New
Shares, 21, 21 p ; Great Luxembourg, 101-, 10,1 d ;
Grand Trunk of Canada, 161 164.

Rather more ease was manifested in the Money
Market to-day, the account having passed off most
satisfactorily, and in the funds to-day an advance,
though very slight, has been established. A
further diminution in the pressure which has re-
cently prevailed for money was experienced to-day,
and it is stated that the rates demanded by the
bill brokers and others exhibit a tendency in the
direction of ease: Although the inquiry did not
fall off, as anticipated, immediately -atter the pay-
ments of the " fourth," there is now an expectation
of relief, as the amount of railway and other calls
falling due during the remainder of the present
month are not very heavy, and there are other cir-
cumstances which will probably curb the general
demand for accommodation. Besides this, the
supply of capital in the op n market is 'said to
be abundant ; and in the, course of a few weeks the
quarterly dividends will produce their customary
favourable influence. Combined with this probable.
reduction in the call for loans and discounts, the
immense amount of gold and silver which is coming
forward from Australia and America will assist in
restoring our monetary relations to a healthier
position than for some time past, and the specula-
tors in the funds, as well as those interested in
trade, are inclined to take a more favourable view
of the course of business during the remainder of
the year. The improvement in the state of the
weather is not lost sight of in the consideration of
this subject, because the general prosperity of the
country is so greatly dependent upon an abundant
harvest.

In the Market for the Public Funds and
Securities to-day a fair business was done, and the
closing prices were rather higher than those
current yesterday Consols for Money, at noon,
were quoted at 931, 4,1, 3*, and closed at 94*. For
Money the dosing price was 941 to 94*; and after
official hours 941 to 941 The New Three per-
Cents were done at 92 to 92*.
In the London. Share Market to-thiy, rather more
business was done at improved prices. The closing
prices were :—Ambergate, Nottingham, and East
Junction, si, si; Caledonian, 743; Edibbnrgh and
Glasgow, 59, 61; Eastern Counties, 111, 11.41.; East
Lancashire, 98, 90; Great Northern, 971, 98 ;
ditto A, 89, 90; Great Western, 671; Lancashire
and Yorkshire, 102*, 10217 Leeds Northern, 401.
4li ; London and North Western, An; London
and South Western, 1001, .1004 ; Manchester,
Sheffield, and Lincolnshire, 421, 42/; Midland
Stock, 83i, 832 ; North British, 43, 44 ;
South Eastern and Dover, 754, 751 ; York.
Newcastle, and Berwick, 87, 88 ; York and
North Midland, 652, 66. After official, hours
the business done was at the following
quotations :—Caledonian, 741, 741 ; Eastern Coun-
ties, 111. 11* ; East Lancashire, 98, 99 ;
Great Northern, 973, 98 ; Pitt() A., 91; Great
Western, 671, 67*; Lancashire and. Yorkshire,
102 i, 102*; London and North Western, 1051,
104 ; Manchester, Sheffield, and Lincolnshire,
43* 431; Midland Stock, 83,1, 831; North British,
43, 41 ; South Eastern and Dover, 75f, 758 ; York,
Newcastle, and Berwick, 43,44 ; York and North
Midland, 65, 66.

The annual general meeting of the Legal and
Commercial Life Assurance Society" was held to-
day, W. C. Venning, Esq., in the chair. The actuary
and secretary read the ,report, which showed a
satisfactory position of things, and that the quiet
and steady advancement of this society for many
years had been a source of gratification to the
policy holders as well as shareholders. It
appeared from the accounts that the total
amount of premiums received in the past
year was 1.8,9291, and the claims by
death, 9,0201. ; whilst in the last year they
were only 4,0001. This 13,000/ was, however, stated
to be under the average calculation for two years,
which was a cause of satisfaetion to the meeting.
The society was conducted with every regard to
economy, and an amount was set aside to the
reserve fund of 7,000/. A dividend of five per cent.
having been declared, free of income tax, and the
report adopted unanimously, a vote of thanks was
passed to the directors anti to Mr. Farnell, the
actuary of the society.
The Competitor has arrived at Queenstown from
Foo-chow-foo.

The reports regarding the Silk crop continue to
ba anxiously watched, but it is still too early to
form any conclusive opinion of its general pros-
pects. In Spain, which is one of the countries
where it is always most forward, everything has
gone well to the present time, aril the impression
is that there will be an average supply. This
statement is encouraging, since it has been in
Spain during the past two or three years that the
disease has first manifested itself. From Naples,
where also the season is early, there is likewise an
absence of bad tidings, and the same may be said
with regard to the Levant, In France and Lom-
bardy there are as yet very few means' or udging,
and indeed in any quarter it will be at least ten
days or a fortnight before the prevailing uncer-
tainty can be removed
The quarterly sales of Indigo commenced yes-
terday. The attendance of both home and foreign
buyers was limited, and -the biddings were far
from animated, Bengal qualitiei met with a
fair demand, and new parcels sold at a reduc-
tion of 3d to 4d per lb on last sales rates
Other descriptions, and the bought.4n parcels
of former sales, were quite neglected at a decline
of fully fid per lb. . Kurpahs suitable for exporta,
lion were in request at fully last February rates,
but the low and ordinary qualities were 2d to 3d
per lb. lower. The quantity declared for sale was
10,361 chests, of which 270 were withdrawn ; and
the number sold at yesterday's sale amounted to
845 chests, •

The wind having at length veered to the west-
ward, considerable arrivals of Australian gold are
looked for. As already mentioned an aggregate
of about 940,0001. had actually been shipped
at the date of the last advices, anti a large
portion of this is overdue. The South Carolina,
with $2,0001. in gold, has been at sea 102 days ;
the Sydenham, with 125,8001., 97 days; the Morn-
ing Star, with 193,5001, 91 days ; the Medway,
with 72,0001, 84 days ; the Donald Mliay, with
48,0001, 81 days ; the La Hogue, with 17,5001, 80
days ; the steamer Istanboul, with 180,0001, 70
days ; and the Sussex, with 192,0001, 56 flays.
Quantities of sovereigns continue to come
forward from the Levant and Turkey. The