The Northern Daily Times.
Liverpool, Merseyside, England, 1856-11-12 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, TIIESDp EVENING

.
The demand for cotton to-day was rather quiet,
at -the same time prices were not varied, and the
sales were 'estimated at 4,000 bales, including SQO
for Speculation. The imports keep still upon e.
moderate scale. Regarding the crops we extract
the following from the letter of a Savannah corres-
pondent, dated October 25 :—" The extraordinary
droUght of June and July it . is now clearly shown
has curtai'ed the product every where except in the
valley lands, and we find the outside estimates of
Three Millions of Bales only put in connection
with the postponement of a general killing frost
until 15th November: We have certainly as fine
weather as could be desired for securing what is
made, but we desire to put it strongly before our
spinning friends whether such a result, waiting on
such a contingency—the certainty that in the. very.
best event the supply must fall far short of last
year's—does not call for grave consideration and
early measures of defence; first by buying at home
while Middling can be had below seven pence a
pound, and then husbanding their stocks_ with the
-most severe economy. We hope we shall be ex-
cused for pressing upon our friends a policy in
their own province, but we see before us such a
proclivity to dangerous speculation that we cannot
help urging the use of the potent means they hold-
id their own hands for redress—short time."
Our Share Market today opened rather tamely,
but afterwards improved, and then closed steadily.
The arrangements for settling the account are
commenced, and already rates of " continuation "
are quoted. Among the sales were :—Lancashire
and Yorkshire, 93k, and Midland Stock, 781 For
the next account we note the subjoined trans-
}actions :—Lancashire and Yorkshire, On, 1-, 1.
Vlarrebeater, Sheffield, and Lincoln, 338. Mid.
-land Stock, 784 i. Dutch Rhenish, /p

The latest quotations of the day were :—Aber
Been, 121, 121. Chester and Birkenhead, 151:
16. Caledonian, 28* 281. Chester and Holy-
head, 171 181. Eastern Counties, 8 15-16 9.
East Lancashire, 201 20k. Great Northern, 23k
234. Ditto A Shares, 10 101. Great Western,
64 641. Lancashire and Yorkshire Stock, 931
9#31. Liverpool, Crosby, and Southport, 18 181.
London and North Western Stock, 102 k 1021.
Manchester, Sheffield, and Lincoln, 331 33a. Mid-
land Stock, 781 782. North British, 9 1-16 9 3 16.
North Staffordshire, 51 sad. South Eastern,
203 201. York, Newcastle, and Berwick, 20
201. York and North Midland, 281 291. Leeds
Capital Stock, 171 181. Buffalo and Lake
Huron, N Bp. Dutch. Rhenish, Ip. Great
Western of Canada, 231 241. Ditto, New
~Shares, 11 2&p. Great Luxembourg, ilk lid
We append the rates of "continuation" paid
during the day :—Caledonian, 2s, is 6d, is 9d.
Eastern Counties, ls, 1-16, ls. East Lancashire,
2s, is 9d, 2s, ls 6d. Great Western, 14. Lanca-
shire and Yorkshire Stock, I, 7-16, k, 7-16. • Lon-
don and North Western Stock, 1, 7 16, k, 7-16
Manchester, Sheffield, and Lincoln, 2s, 2s 3d,
2s 3d. Midland Stock, 1, 5-16, 1, 5-16, Z. South
Eastern, 28, 2s 3d, 2s, 2s 3d, it. York, Newcast'e,
and Berwick, 2s. Dutch Rhenish, 1-16, is 2d,
I,a 6d, 1s Sd. Great Western of Canada, 2s, 2s 3d,
A. Ditto New Shares, 16d Is. Great Luxembourg,
5d 6d.
Monetary affairs continue unchanged. The
stringency in discount accommodation remains the
same, and the rates of interest is firm at extreme
quotations. The Consol Market to-day has been
steady, but the sales going forward are by no
means important, and prices, if any thing, were a
point cheaper; for money the opening price was
921, a rise of If then took place, and sales were
made at 921, but a decline afterwards set in, and
pUrchases were made at 921. In the afternoon a
better feeling sprung up, and, after some sales at
rather better prices, they closed at 921 to 921
For the December account, the first price was
quoted at 92a, after which 92k was paid, and the
market closed tolerably steady at 921 921. The
dealings in the New Three per Cents. were made
at 91a, ' and the closing prices quoted at 911
to 913. No variation took place in the value of
Exchequer Bills, which are still quoted at 2s dis
to 2s premium. From the foregoing quotations,
it will be perceived that the price of all the lead-
, ing public securities have suffered a slight decline

to-day.
Influenced by the movements of the Consol
Market, the London Share Market opened this
morning at rather lower prices, and the sales were
limited. The decline on London and North
Western Stock was I, from the best rate of yester-
day, Midland a, Lancashire and Yorkshire 1 per
cent., Great Western I, and South Eastern -a. Among
to.day's sales we note the following :—Chester and
Holyhead, 354 ; Eastern Counties, 94 9 ; Great
Western, 64 ; Lancashire and Yorkshire, 931
93; London and North Western, 102, 1, 102 ; Mid-
land Stock, 78 ; North British 364, ; South
Eastern and Dover, 69 ; York, Newcastle,
and Berwick, 80. Towards the afternoon a
better feeling sprang up, and prices closed
steadily at the following rates :—Caledonian, 56;4 a;
Eastern Counties, 9 94; East Lancashire, 82 84 ;
Great Northern, 93 932; ditto A, 82 83; Great
Western, 64a 64,1 ; Lancashire and Yorkshire, 931
931 ; London and North Western, 1.0242; Leeds
Northern, 171 18; Manchester, Sheffield, and Lin_
coin, 331 34 ; Midland Stock, 784. ; North British,
36 37 ; South Eastern and Dover, 681 694; York,
Newcastle, and Berwick, 80 81 ; York and North
Midland, 58, 581 ; London and South Western,
104 105. .

Amsterdam

COURSE OF EXCHANGE
.... 11 15 Gibraltar
Ditto, three months 11 18 Leghorn ..
Rotterdam
Antwerp
Brussels

Hamburg
Attona
Paris
Ditto, three months .. 25 673 Lisbon . .. . 51t
Marseilles . .... 25 TO

Bordeaux
Frankfort-on- Blaine
Berlin ...

Vienna

Trieste

Pete' sburg

lOporto

IV° Janeiro ..
11 pi Buenos Ayres.... ..... --
- New York, 0 days' sight
10 44 Philadelphia
10 47 PRICES OP BULLION, PER OZ,

Madrid
Cadiz ..

372 (Foreign Gold, In Bare .40 0 0

4RI IPortugal Gold Coin
49 Mexican Dollars..

0 0 0
0 0 0

Barcelona

New Dellars

0 0 0

Seville

!Silver, in Bars

... 0 5 21,

Trade in Manchester to-day was very tame and
sluggish ; not only were the sales insignificant, but
holders of both goods and. yarns experienced
difficulty in supporting the prices of last week.
Producers of really prime articles obtained full
prices. At Rochdale flannel market, yesterday, the
attendance was thin and the . business fiat.
Manufacturers in the district are beginning to
manifest their determination to work short time.
Several firms commenced yesterday morning, as it
is said that they cannot afford to make goods at
present rates, and merchants show no disposition to
giVe any advance. Yorkshire goods were also flat,
with much indisposition to do any business. The
wool market remains firm, and a fair business is
being transacted Our Bradford report informs
us that the late stagnation of trade continues at
yesterday's piece market. The advance in the
price of colonial wool at the London sales tends
only to make matters worse, as manufactures—in
the present slack demand—cannot obtain adequate
rates for goods.
We have not any new feature to report in the
state of the colonial produce markets. Thera was
a considerable quantity of sugar changed hands
here to-day, and full prices were paid. In the
London market business was quiet, but late rates
were maintained.
The trade report from Paris for the past week
states that e
the f
the 31acility
st with which the pay
et has
ents
falling u
completely re-established the general situatbui of
commerce, and dissipated all apprehensions of
further embarrassment at the close of the year.
This favourable change in the state of trade is
chiefly owing to the prudence exercised by traders
in limiting their purchases to the current sales of
the day. The principal transactions, since the
monetary crisis in August, having been effected
with cash, has also lessened she amount of engage-
ments due at the close of December. The increase
in the accounts current of the Bank is said not to
be owing to the ordinary operations of commerce,
but to the extensive purchases of the precious
metals, and the speculations in wheat and raw
materials for manufactures, such as silk and
cotton. The retail trade is very quiet, although
the 'cold weather has set in early, and the demand
for winter goods is expected to give an impetus to