The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-14 00:00:00

THE NORTHERN TIMES,LIVERPOOL TUESDAY

COMMERCIAL INTELLIGENCE

NEW YORK, Sept. 30.—The arrangement of the Ist
October dividends, and the preparations for the steamer
Asia, sailing at an early hour to-morrow, caused an extra
enquiry for money, particularly from some of the demand
borrowers. The bankers in the foreign trade bought
heavily of Sterling, and at lower figures than the currency
of the previous packet, and had also to pay for about a
million of dollars in bullion. On London there was a good
deal done for cash at 1091 to 109 a, though the regular
drawing terms to the trade were 1091 to 1097,-. A sale of
Philadelphia drawn bills, the second instalment on the
Lebanon Valley negotiation, was reported at 109 k per cent.
Continental bills in moderate request ; Francs 5.161 to
The engagements of gold for the packet were short
ship's office at the close of
is were countermanded on
account of the easier rates for first-class bills. The sales of
prime mercantile paper, by the Discount Brokers to-day,
were at the rates of 8 to 9 per cent per annum ; and fair
names 10 to 12 per cent. with a larger offering. The
Banks are discounting their income, which, on and after the
4th October, will be heavy. Business paper is well met,
and in the Jobbing and Grocery line, trade is active and
generally satisfactory: The Sugar speculators have been
relieved by a free consumptive demand.
COTTON.-The stock in this market is now so much re-
duced, and is held at such extreme rates, that such ex-
porters and speculators as might be inclined to operate, are
in a great measure prevented, and the purchases therefore
have been confined almost exclusively to our domestic con-
sumers, and at prices showing an advance of fully is per
lb, to which my quotations are altered to conform. New
cotton arrives very slowly, and ranges in quality about good
middling, and what is very unusual at this early period of
the season included in the receipts from Samna, there are
parcels of ordinary to low middling. The sales for the week
are estimated at 7,000 bales; the export during the same
time has been—to Liverpool, 1.901 ; Glasgow, 50 ; Havre,
61 : Bremen, 95. Total, 2.107 bales.

of 1,000,000 -dollars at the s.
'Change hour. One or two pare

NEW ORLEANS, Sept 27: Receipts for the week, 32,800
same week last year, 31,000 ; sales for the week,
; stock on hand, 55,000. Middling, 12c per lb, ad-
ducing. Freight to Liverpool, id; Havre, lc per lb.
29th.—Sales to day, 3,800 bales. Prices unchanged.
MOBILE, Sept. 27: Receipts for the week, 2,600 bales.
Same week last year, 2,900, Middling, 11 ic per lb.
Freight to Liverpool, id, Havre, lc per lb. Rivers very
low.

bales ;
31,500

RECEIPTS, EXPORTS, &e : The receipts show a decrease
as compared with last year to same dates of 64,000 bales.
It is probable the receipts during October and November
may compare favourably with the same months last year,
as they were then by no means excessive, and the present
currency in the South is a great temptation for planters to
send their cotton to market, at any rate, in the district tri-
butary to New Orleans. In Mobile the low rivers will pre-
vent large receipts for a while. At Montgomery cotton
arrives freely, At Macon and Augusta, Ga, the cotton
comes in somewhat slowly, planters being, for the most part,
indifferent in accepting present prices high as they are. The
exports to Great Britain are small, and far this week only
from New York, and are likely to continue light for some
weeks. In Charleston and Savana nothing has yet been
done for Great Britain. In Mobile one, and in New
Orleans four vessels only on the berth for Liverpool, and
these find difficulty in loading.

CROP : A slight' frost passed over the cotton region on the
nights of the 23rd and 24th Sept., which has, however, done
no injury to the plant. The complaints otherwise continue,
and the prospects are by no means favourable. The ten-
Oency is to reduce the estimates, and a general feeling
begins to prevail that 3,000,000 bales is a full estimate. I
shall wait the advent of a killing frost before venturing an
estimate of my own.
The following is a statement of the movement in cotton
since the Ist September last, as compared with the previous
three years :

1856. 1855. 1854. 1853.
64,000 128,000 56,000 35,000
8,000 45,000 19,000 31,000
6 000 7.000 7,000 1,000
3,000 4,000 5,000 8 000
Total Exports. 17,000 56,000 31,000 40,000
Stock on hand 77,030, 179,000 127,000 98.000
Of which during the past week, included in the above :_._

Receipts at the Ports.—
Exports to Great Britain ~
France..
" other For. Ports

DUDLEY, Saturday Evening.—The concluding meeting
of the ironmasters of this district for the current year was
held at the hotel in this town this afternoon. There was a
very small attendance of the trade, a circumstance which is
attributable to a great extent to the strong determination
on the part of consumers, as evidenced at the Birmingham
meeting, to abstain from doing any business which they are
not absolutely compelled to do in the present unsettled state
of the trade with reference to prices, for as matters now
.—Rucerrers : Decrease at the ports compared stand it is impossible to anticipate what may occur even in
with last year, 64,000 bales. Exports : Decrease to Great the course of a month. The best friends of the trade were
Britain, 37,000 ;to France, 1,000; other foreign ports', 1,000. compelled to admit, at the meeting to-night, that it is in a
Total decrease in exports, 39,000 hales. very precarious state ; that, compared with the make, a
FREIGHTS : Engagements have been made during the very small quantity of iron has been sold during the last three
week at -;!ed per lb for Liverpool, bat at the close 5-32 d was days. Pigs might have been bought lower at this meeting
paid. To Havre is per lb. than they could have been on Thursday, and as the export
EXCHANGES are dull on London, at 100& to 1001 per trade to Canada and the States is over for a couple of
cent, On Paris there is a good demand, at 5.161 to 5.15. months at least, there appears to be no other alternative but
The following are particulars of operations in the prin- reduction of the make of pigs ; indeed, some parties already
cipal Southern Markets since my last circular : contemplate the blowing out of furnaces, urgent necessity
NEW ORLEANS: Receipts for the week ending Sept 19, rendering that costly procedure inevitable. Cinder iron is
16,252 bales. Exports to lime, 5,771 bales. The re- now quite a drug upon the market; best qualities of hot-
ceipts have continued moderate as compared with the same air pigs are quoted at £4 • but it is doubtful whether there
period last year, and the demand has nearly kept pace with have been any sales at that price this week; good makes,
the sampling of the supplies. The sales for the week sum which are generally readily sold, have been done in quanti-
up 15,500 bales, the bulk of which has been taken for ties of a thousand tons at from £3 lOs to £3 15s, and the
France. With respect to prices, we may remark that they price is downward as low as three guineas. For finished
have been fully maintained for the grades taken, which car- iron the demand is principally for rods, sheets, and plating
respond to Liverpool good middling, but for the qualities bars ; there are orders in for rails, but these are very incon-
below there is not much enquiry, and some purchases have siderable, and six or eight houses adhere to trade prices,
been made at rather easier rates. There is no marked de- neither are they likely to give way ; others are getting a
cline, however, and we retain previous quotations, which price according to quality, and the necessities of sellers.
apply exclusively to new crop. Freight to Liverpool, 7-16 d. Nowsa-days, unfortunately, there are all sorts of qualities,
MOBILE: Receipts for the week ending Sept. 19, 4,743 and very much South Staffordshire has suffered in repute-
bales. No foreign export. On Saturday only 50 bales tion in consequence. The meeting to-night passed off with
changed hands. On Monday the enquiry was more general, fewer transactions reported than we remember for several
and the arrival of a number of boats adding to the stock, years; at many of the works it will be impossible for them
and with the later advices per Cambria and Arabia, the to go on full time, and the most sanguine members of the
Sales ran up to 800 bales, and an advance was realised of trade scarcely contemplate ranch improvement this quarter.
4,,e. Tuesdayfll 450, without alteration. Wednesday, 100. Shropshire iron is 5s per ton lower both for hot and cold
Friday 800, in some cases at a slight reduction. On blast, but the make is so limited that there are no stocks of
quotations.
holders evinced more confidence, and 600 bales were pigs on hand. Stone may be bought Gd per ton lower than
sold at
sales 2,800 bales, principally for France.
only fore the
13Troietaies,the market closing very firmly at our it could have been at the commencement of the week. The
BANANA : neceipts
Freight to Live tin-plate trade is reported brisk. There are large orders
.„Tool id.
5.902 bales Up, and 60 in, both here and in Wales. These are not or
for the week ending Sept 25, , States, but for South America and Australia. The prc
there has been a good feeling,
foreignla.o.Ndoprices. export. This week has been advanced 2s per box; it is now 37s to 38s at the
the offering stock was freely ports. The coal trade is getting brisker; there is a good
met, and holders obtain Bed.
'The market closed supply in the district, but- it is not so great as it was a
firmly at oar quotations. Total sales 2,433 bales. Freight month o, and prices are firmer for all descriptions of that
to Liverpool nominal. ag
commodity. The general manufacturing trades of the
CHARLESTON : Receipts for the week
5,471 bales Up, and (8 S. I. No foreign ending Sept. 25, district are in a tolerably healthy state. Here trade is
export, There good, and the state of the town to-night was such as to
was a moderately fair demand during the week, but the indicate that the industrial class have yet felt no pinch
stringent terms demanded by sellers did not snit the views whatever. With few exceptions, accounts have been
of buyers, who partiiily withdrew, and the sales up to punctually paid at this series of meetings; and although
Wednesday were limited to about 1,000 bales. A marked to-night's assembly was scantily attended, and business
and sudden change in the weather, however, and advices unusually quiet, there was no feeling whatever of
from the interior of a frost in different sections of the state, despondency,

Receipts at the Ports ..
Exports to Great Britain,

57.000 i 20,000
16,0001 5,000
4 090 6,000
1.000 -
21,000 11,000

France

other For. Ports

Total Pxoorts

S UMMARY