The Northern Daily Times.
Liverpool, Merseyside, England, 1856-02-19 00:00:00

NORTHERN TIMES.-LIVERPOOL, TUESDAY, FEBRUARY 19, 1850.

MONETARY AND COMMERCIAL.

LITERPOOL

MONDAY EVENING

There has been a very steady Cotton Market to-
day, and with a very moderate supply prices have
ruled steady at Friday's rates. The sales amount
to 10,000 hales; and include 4,000 taken for specu-
lation and export.
. The Liverpool Share Market opened with firm-
ness and a slight improvement, end remained quiet
until the result of the Chancellor of th
Exchequer's annow
amount of Loan being so much below what was

IS known

to K pea
Stocks but
was not maintained at the close. The
final quotations were as follows:—Aberdeen
12i 121. Chester and Birkenhead. 14 141
Caledonian, 27 15-16 28. Chester and Holyhead,
13 131. Eastern Counties, 99 10. East
Lancashire, 18 18,ti Great Northern, 221 23.
Ditto A Shares, og- 9, Great Western. 561 57.
Lancashire and Yorkshire Stock, 82 82:1.
Liverpool, Crosby, and Southport, 15 15k. London
and North Western Stook, 101 i 1011. Man-
chester, Sheffield and Lincoln, 241 25. Ditto
Preference, 11 11 . Ditto New 6 per cent.
Pref., Hp. Midland Stock. 697 701. North
British, 71- 71-. North Staffordshire, 61- Fib d.
South Eastern and Dover, 191 19 7-16. York.
Newcastle, and Berwick, 19 19k York and
North Midland, 251- 26. Leeds Capital Stock,
14,1 154. Dutch Rhenish, ra. Ditto Now

expe,;ted, an advar
took place in tl

heavy

Shares
Ditto

it 21 27, p. Great Western of Canada, MI 26a.
New Shares, 3 np. Great Luxembourg,

94 8,7 r, d. _
This morning a number of capitalists waited
upon the Chancellor of the Exchequer, in accord-
ance. with the published invitation, when it was
announced that the new loan would be, as stated
in the NORTHERN-TIMES of Saturday, for 5,00P,000/,
the first deposit to he made on the 26th instant,
and the remainder in four payments. the last to
fall due on the 24th of April. It was also stated
by the Chancellor of the Exchequer that the
amount of Exchequer Bills to be funded was
3,000,0001.

The import of specie from America has recom-
menced, the Africa, which arrived here this
morning, from Boston, having brought 303,941
dollars. The- commercial accounts by the same
vessel. are of . a very encouraging character. The
news from Europe, and the position of political
affairs at Washington, were regarded at New York
as highly satisfactory, and had contributed
to give a buoyancy to the Stock market
that had not been felt since October last. The
supply of money on call was largely increasing,
without, however, leading to any reduction in the
rate of interest. The Bank statement for the week
ending 2nd inst., show an increase of 1,083.290
dols. in loans, and 907,378 dols. in specie. The
receipts of gold from California were 1,524,446
dols. Foreign Exchange at New York was
more in demand, and quotations on London
had in consequence an upward tendency.
Banker's bills at 60 days were selling at 1087 to
108-:71-. The Money market at New Orleans was not
quite so easy, and the amount of paper offering for
discount was rather in excess of the supply of
capital. The amount of foreign bills offering was
large, and sales had been made as low as 6. Of
the state of the market, the New Orleans Price
Current says :

For tho i).'st three days we have had a very quiet market
for all descriptions of Exchanges. The demand for This
on England has been fair, and with consi•lerahly reduced
offerings; prices have, however, remained unchanged,
except for occasional sales of strie

signatures,
where a fraction more than our outside. (rotations is paid.
The market ranges as follows : For bills with hills of
lading attached 6 to 61 and G ; for clear bills 61 to 6;
and 7 per cent premium. At these rates the market may
be said to close quietly. Bills on France are again dull,
although the offerings are by no means heavy. The
best signatures do nat sell at over 530 f,r hills

y pl-Irrie

direct on Paris, and the RI. ral run of signatures from
5.311 to 5.35 and 5.37 A per dollar. On Wednesday
arid Thursday the demand was quite fair, both for Ex-
change purposes, and for direct remittances ; but yost _
there were but few buyers in the market, and the
few bills on sale were freely offered without finding pur-
chasers. Domestic Bills, both on time ard at sight, are

very heavy. The market is amply supplied, and the inquiry
very limited. The very hest drafts at sixty days do not
sell at better than 2g, except bankers' drafts, which sell
slowly at 21 per cent discount. The generA run of signa-
tures on Boston, New York, So., eel at from 21 to 27, and
3 pi-r cent dis. Sight and short sight funds are very heavy.
The banks compisin of the lack of demand, and sell slowly
at from pto K per cent dis. far sight. Out of de. ,s the
rotes range at frorn S z 7- per cent discount. 5, 10, and

15 day bil

We quote sterling for extremes -6
to 6f: for bills

with hi

of lading attached ; and 6 to 6 and 7 Der cent premium
for clear drafty. France 5,30 to 5,35 and 5.37 k per
dollar. New York, Boston, &e., sixty day drifts, 21 to
2/ a 3 per cent discount. Sight drafts 4 toe and 1 per
cent discount.

From a private source, we have a report that the
steamer Union, from Southampton for New York,
had put into Boston, short of coal. A report has
also been received that the steamer Persia, from
Liverpool, had arrived off New York, after a

passage of eleven days, but this does not
to rest upon any reliable authority.' We quote the
following report of the New York Dry Goods
Market, from a New York paper :

appear

Trade is frozen np—the intercourse with the Vest is
suspended, at least as far as freight is concerned, and the
steamboats do not run to Boston. The weather is intensely
cold, and merchants generally are quiet—as quiet as they
can be. The principal business doing is with the South,
and that is confined almost entirely to dress goods. The
jobbers of Charleston, Nashville, and New Orleans, have
been making some of theirpurehases, but the business has
not fairly commenced. If the weather should moderate.
the present indications are, that business would be very
active. There are a great many buyers in town
from the West, but they complain that they
cannot get their goes forward, and will not buy until
they can forward their goods with more certainty and
rapidity. The stocks are now very inviting, and the arrival
of several steamers, with valuable cargoes, enables the im-
porters to offer inducements in the way of nice things.
Very few goods have been-offered at auction thus far, the
importers see that it would be folly to crowd off goods on a
Market unprepared to receive Oena. However, there has
been something doing all the while, and January has footed
up to the satisfaction of the trade generally. The
goods (especially Continental goods) have been
held at higher rates than the autumn prices,
and jobbers will not buy in anticipation unless
the importers }field a little in time, to say the
least.' Some houses have been rather liberal in extending
the credit, but the most of them will not go beyond eight
months under any circumstances. The stock of British
goods is very large, but continental goods are not very
p'entiful, and not likely to be. Si ks are rather scarce, and
'he high prices abroad will keep them so. Black silks that
brought 70c per yard last spring will now bring 8.5a871-c
readily. As soon as the weather moderates, we look for a

very active trade from all sections, and a rush may be con
fidently expected.

Accounts from Egypt mention that the crops
thir season are particularly good, in consequence
of the abundant flow of water from the Nile upon
the agricultural lands. During last season the
Government was afraid of a dearth in the country,
and prohibited the export of grain for a short time.
This caused them, on the subsiding of the waters
in November, .to encourage the husbandmen to
extend their .plantations. this season, and now
that the crops are far on in ear, it is calculated
that there. will be 3,000,000 hectolitres of grain
and cereals of all kinds over and abi,ve the con-
sumption of the country, so that Egypt is likely to
export largely during the present year. .This cir-
cumstance, with the, probable opening of the
Russian ports in the Black Sea. will tend to keep
down the price of grain at MarSeilles and other
markets on the. shores of the Mediterranean, even
should the present tendency to rise in the Western
continental grain markets continue.
The news that the loan will he fnr only 5,000,0001,
in addition to a funding of 3,000,0001 in Exchequer
Bills, caused rt n immediate rise of I per cent.
There was subsequently a . partial reaction, but
the closing quotations were still to per
cent. above those of Saturday—namely, 011 to
011. The smallness of the loan
.has evidently

produced a very favourable
interpreted in many quarters as indleativp
that confidence is felt by ministers in the speedy
restoration of peace. The Chancellor of the
Exchequer very properly declines' to give a pledge
that no fresh Loan will be applied for by Govern-
ment this year. "int few people believe that this
loan will suffice for the Government requirements
for the whole year, even if peace be concluded.
Messrs. N. M. Rothschild and Sons will open a
list of subscriptions to the new loan tomorrow.
This temporary locking up of funds may, perhaps
cause some stringency in the Money Market. To-
day, however, there was no pressure, although in

being