The Northern Daily Times.
Liverpool, Merseyside, England, 1856-08-25 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, MONDAY.

decomposition with it, will produce sufficient
vapour to sustain life. It is consolatory, however,
to know that the CHANCELLOR of the EXCHEQUER
must be consulted before commodities whieh do
not pay duty, can be sold as heavily taxed bread
and other articles of food. Bread is excessively
taxed in the form of county and parish rates, and
it is flagrant injustice to the corn grower to allow
food to be adulterated. It is also a base fraud on
the part of foreign governments to sanction the
adulteration of the articles we import. The pro-
ducer is the loser, where unlawful acts are allowed
under the plea of " cheapness," We would have
the cultivators of the soil, both at home and
abroad, to look at the question in this light. The twin
abominations—artificial cheapness, and legalised
poisoning—are mainly directed against the bona fide
workers of the soil; and that the landed Peers of
England, and farmers and planters of other coun.
tries should have allowed the frauds of adulteration
to have gone so far without making some effort
to stop them, is really astonishing. The great
mass of consumers are far less to blame, for they
have no voice in the making of laws, and are
perfectly at the mercy of the Legislature, and
have no means of telling whether they are paying
for and eating millions of quarters of filth or
honest grown and heavy taxation priced corn.
But the time has arrived when the fair and
honourable trader, and the no less honest and
deserving producers of the great staples of life
must be protected, even if the State is to be
denuded of its revenue.

MONETARY AND COMMERCIAL.

LIVERPOOL, SATURDAY EVENING

The Liverpool Cotton Market remains in the
same quiet condition as for some time past, and,
with a liberal supply, prices continue without
change. The sales today amount to 6,000 bales,
and comprise 1,500 taken for export and specula-
tion.

The Share Market has been without any re-
markable feature, and prices nearly the same.
The imports of specie this week have been almost
confined to arrivals from America and Australia.
The total in value is about 500,0001, of which the
particulars are as follow :—By the Persia, from
America, 1,034,634 dollars, or 206,9001; the Parana,
from the West Indies and Mexico, 1,462,967 dols.,
or 292,6001; the Ravensbourne, from Antwerp,
69 bags 6 cases of bullion ; the Walmer Castle, from
Melbourne, 43,087 ozs. of gold, or 172,3001; the
Baron Osy, from Antwerp, 27 cases of specie. The
exports of specie during the week were, by the
Tyne, for the Brazils, 4,0001; by the Pera, for
Alexandria and India, 510,580/, of which 17,5201
was in gold, and the rest silver, divided as follows :
gold to Alexandria, 9,9501, Ceylon 6,0001, Madras
1,5701; silver to Aden, 5521, Bombay 220,1951,
Madras 4,950/, and Calcutta 270,3631; the Magda.
lena, for the West Indies, 2001; the Alhambra, for
Cadiz, 30,6011; and Lisbon, 1,0001.
The following is the Official Return of the
exports of the Precious Metals from the port of
London for the week ending 15th August :—G-old
coin to Belgium, 2,000 ozs.; do. to Boulogne, 120
ozs. ; gold bars to Petersburg, 886 ozs.; do. to
Hamburg, 378 ozs. Total gold, 3,334 ozs. Silver
coin to Boulogne, 1,000 ozs. _ _ _

The half-yearly meeting of the Great Northern
Railway Company was held today; Mr. Denison,
M.P., in the chair. The report showed an im-
proved state of things during the half-year, the
available surplus for the six months being
84,3031 7s 10d., after providing for preference
shares, and other fixed engagements, the sum
would give to the original shareholders a dividend
of 1/ 15s per cent for the half year. The report
was adopted. The chairman strongly recommended
that a sum of 7001 should be appropriated towards
the schools for labourers' children at New Eng-
land, near Peterborough, which, after some dis'
cussion, was agreed to. The directors were also
authorised to convert the debenture debt into
shares of the company. Some question was raised
about the contemplated traffic of the Metropolitan
Railway Company, to which the chairman replied,
that the directors were well disposed towards it,
but could not appropriate any money without the
special authority of the shareholders. The meeting
was then adjourned.

At the London Stock Exchange this morning,
owing to the thin attendance of members and
dealers, business has been extremely inactive, and
we have no particular change in prices to report.
The tone of the market, however, is evidently
favourable to improvement, although nothing has
occurred in it upon which we need enter into
detail. The weather has at last taken up, but we
have rather a low temperature; still, as the
atmosphere is dry, bracing, and often very clear,
conditions all suitable for harvest operations, it is
hoped that the partial damage and delay caused by
the late rains, will in a few days be neutralised, if
not wholly recovered, by the exertions of the
farmers, who are now better supplied with labour
than they were a fortnight ago. The accounts
received this morning, particularly from the south,
are more encouraging; and we have some reason
to believe that the apprehensions felt as to the
state of the crops in the midland and some of the
northern districts, will prove to have been greatly
exaggerated. Money remains easy, with good sup-
plies for all legitimate purposes. Today there has
been very little demand in Lombard-street, and
none on the Stock Exchange. The closing prices
of shares were as follow :—Caledonian, 561 57.
Eastern Counties, 9-a 91. East Lancashire, 834
848. Great Northern, 98 981. Do. A, 80 87.
Great Western, 651 651 Lancashire and Yorkshire,
981 981. London and North Western, 1078 1071.
Manchester, Sheffield, and Lincolnshire, 341 3414,
Midland Stock, 841 841 North British, 361
South Eastern and Dover, 741 751. York, New-
castle, and Berwick, 848 851. York and North
Midland, 594 60g.

Later accounts have been received to-day from
the United States, per steamer Washington, bound
to Bremen. The Stock Market at New York was
rather firmer, and the Money Market continued
easy. The weekly returns of the city banks
showed a rapid extension of discount operations,
and it was feared that when the active business
season commenced the Money Market would
become very stagnant.
Great distress is said to have been caused in
Portugal by a deficient harvest and the destruction
of the Vine crops in the Alto-Douro district, which
have ledito serious bread riots in Lisbon.

The quotation of gold at Paris is about 6 per
mille premium, and the exchange on London at
short 25.27 i, making gold about 0.2 per cent.
dearer in Paris than in London.

The price of gold at Hamburg is 425 per mark,
and the exchange on London at short 13.4*, making
gold about 0.4 per cent. dearer in Hamburg than
in London.

MOVEMENT OF Titoors.—On Saturday the Pacific steamer
arrived here, from Dublin, with portions of the 4th and
89th regiments, consisting, altogether, of fifty officers and
690 men, and, after these were disembarked, the vessel
again took up, at the Landing-stage, thirty-eight officers
and 864 men, of the 38th regiment, and at two o'clock she
sailed again for Dublin with these.
BIRKENHEAD MODEL YACHT CLUB.—The third race for
the season, of yachts belonging to this popular club, took
place on Saturday, for the challenge cup, value £5O. The
day was fine and appropriate for the sport, which was very
good, and much enjoyed by the lovers of aquatic amuse.
ments, of which there was a handsome number of both
sexes on board the steamer Britannia, which accompanied
the race. The yachts rounded the Eastham flagboat first
time in the following order :—Spray, at 2h. 52m. 308 ;
Glide, 2h. 52m. 455. ; Electric, 2h. 53m. ; Zephyr, 2h. 57m:
1.55. ; Phantom, three o'clock. From this point to the
Dingle the Glide took a dec-ded lead, keeping a much better
wind than the Spray. The whole of the contest afterwards
lay between these two boats. They rounded the Eastham
tlyboat a second time ; Glide, 4h. Bm. 40s, ; Spray, 4h. 10m.
355. ; but to the Ditigle the Spray made a better race, and
the Glide rounded only five seconds before her. The
attendant steamer had been kept waiting so long to time the
other boats that she could not quite reach Birkenhead
Ferry before the two leading yachts rounded the winning-
post, but the time taken was as follows : —Glide, five
o'clock ; Spray, sh. 40s. ; the Glide thus winning 10 seconds
only, after allowing for difference of tonnage. The cup
was presented to Mr. Wilkinson on board the steamer by
Mr. Bramah (of the Birkenhead Docks), one of the com-
mittee, who complimented him on the circumstance of the
Glide having won two cups within one week. Mr. Bower
entered a protest, to the effect that the steamer was too far
off for those on board to judge correctly, but we believe that
the observations were checked by members of the club on
shore, and agreed precisely. Mr. Anderson, of the Mer-
chants' Dining Rooms, supplied the refreshments.

THE NEW -LINE OF STEAMERS TO PORTLAND.—THE
KHERSONESE.—On Saturday afternoon, this fine screw
steamer took her departure for Portland, as the pioneer of
the new line to that portion of America. The Khcrsonese,
besides being a screw of considerable power, is a full rigged
clipper ship, and her sailing qualities have been well tested
heretofore. She lay off the landing-stage, and attracted
considerable attention for some days ; and, on Saturday, the
scene on board, previous to her departure, was animated and
interesting. Besides a valuable cargo of fine goods, she had
100 first class, and 120 steerage passengers. A number of
gentlemen, interested in this line of steamers,were on board,
and besides the friends of the first class passengers, who
came to wish them " God speed," there was a number of
ladies and gentlemen invited to see the ship, and partake of
.a splendid entertainment, which was laid out in the grand
saloon, with that liberality and taste that proved 'lathing
had been left undone. The ladies' cabin and sleeping rooms
are about the best we have seen, being ample, well lit, and
ventilated. The same observations apply to those of the
other sex. The steerage departments are superior in every
point, and most desirable for that class of passengers,whieb,
after all, is the most important, because numbering most.
The grand saloon is a very fine one, and combines
both comfort and elegance. Upwards of 100 ladies and
gentlemen sat down to the splendid entertainment provided.
The wines, including champagne, were excellent. Mr.
James Jones and Mr. G. B. Oxley presided, and along with
Mr. Sabel, and other gentlemen, their polite attentior. ren-
dered every thing most agreeable. Mr. Oxley proposed
" Success to the good ship—a speedy voyage, and good
health and prosperity to the passengers." The toast was
warmly received, and several others given and responded to.
At nearly five o'clock the anchor was " raised," and the
vessel proceeded rapidly down the river. A number of the
party on board came off by a tug, and, as the vessels sepa-
rated, three hearty cheers were given. The majority of the
party, however, remained on board, and proceeded towards
the light-ship, coming back in a tug. The interim was
most agreeably spent, and all regretted the parting so soon.
The vessel was again greeted with hearty cheers as she went
majestically through the smooth water, and, along with all
who saw her, we say bon voyage.