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

MONETARY AND COMMEI;C:AL.

LIVERPOOL, THURSDAY EVENING.

There is no alteration to notice in the general
tone of our Cotton Market, it being steady, with a
fair amount of business doing, the sales to-day
reaching 7,000 bales, including 1,000 on speculation
and for export. The quantity of cotton at sea, for
Liverpool, now amouttts to 63,846 bales, in the
undermentioned ships :
NEW ORLEANS. Chaos
James Buchanan . • .. 3702 Arabia
Crimea ....
M Greenleaf
Lencltha .... ...... 3416 New World
Kennebec
_ __

Ella Clarke
J P. Monse
Horiz ,n 5127 Empire
G ,v. Largdon
Rockaway
Et. B. Sumner 2962 Constellation
Great Western 863

38,450

is wanting beyond this to secure for the trade
further animation. The returns given below exhibit the
increase which is taking place in our export trade,
which has never been so decidedly marked as during
the present year. Of the commodities enumerated, it is
estimated that the values exported will, by the end of
-the year, reach twenty millions sterling ; and that the
weightJatill be nearly.two millions of tons. At the same
time, the demand for iron from the United States has
not been nearly so great as was anticipated ; indeed,
since the month of April last,, the o-ders from thar
quarter have been one continued disappointment. The
cause of this Is now' pretty generally understood and
admitted—the price here is too high, and so long as
' present rates are adhered to will the demand from
America be comparatively limited. The merchants
on the other side allege that existing rates in England
are just sufficiently high to enable their own
ironuristers to 'supply the market to the full extent
of their production ; -and that the production itself
is increasing, stimulated by the prices prevailing
in this country. To prevent the undesirable extension
of the iron manufacture in the United States,
the most effective way wi l be a general reduction of
prices. At home there is a very general feeling that
finished iron is £1 a ton too high, and that a more
moderate price would be better for consumers, and in
the long run for preduzers, by securing for the. trade a
more uniformly healthy action. With the approach of
the preliminary•meeting of the trade, the desirability of
a reduction has been very much discussed, and although
it is understood that some of the principal firms are very
much opposed to it, a reduction is by no means impro-
bable. The following are the returns referred to above,
as marking the progress of the iron trade, and the
branches dependent upon it, in the way of exports,
during the ten months of this year :--
1855, 1856. 1855.
Ten Months. Tonnage, Tonnage. Value.
Hardware and

1856.
Value.

cutlery . 24,000 30,000 52,407,717 £3,039,236
Engines and
machinery 92,000 112,400 1,859,329 2,248,248
Pig iron . . 263,917 307.393 959,394 1,191,314
Bars, &c. 574,151 755,594 3,875,316 5,369,984
Wire
Castings •
Plates, sheets,
&a.
Steel
Tin Plates .

Tons ..-..1,254,906 1 644,787 13,157,916 17,517,815
The above return embraces exactly forty three weeks,
and having in view the circumstances which have
affected the American trade, the res"l must be regarded
as highly favourable. The tin plate trade continues
brisk, both in this district and in Wales. The coal
trade is remarkably brisk, so much so, that there is no
longer any underselling; but the supply is said to be
sufficiently great to check any advance of prices at
present.
The correspondence between the Airee tors and
auditors of the Great Northern Railway, published
yesterday, gives a' further illustration-of . the use
lessness of the existing modes of audit. The
auditors in this case insist that Mr Redpsth's
department was wholly 'out of their sphere, and so
clear is their conviction on the subject that they
refused, after the discovery of his delinquency, to
promote any examination until the directors had
distinctly expressed concurrence • with this view.
The directors having made the desired ad-
mission the plea must be presumed to be
correct, but the question arises as to the nature
of a system which, - while it professses to give a
guarantee to the shareholders that all the accounts
of- the concern are properly verified, totally Ex-
cludes that department where the facilities for
malversation are . greater than :in any other.
There seems, however, no likelihood of any con
celled action on the part of public companies to
establish a uniform and effective plan under the
management of paid officers, independent of local
boards, and liable to dismiesal for want of vigi
lance. For the next year or two, probably, the
transfer accounts will be sufficiently watched to
keep that particular branch of service safe in every
instance, and the next discoveries will be in some
wholly unexpected department, in which the
excuse will again be available that the -routine
auditors could never have been expected to have
their eyes upon it.
According to the last advices - from India, the
Calcutta Chamber of Commerce had unanimously
passed a strong resolution in favour of the Eastern
Bengal Railway, intended to run from Calcutta
through the delta of the Ganges to Jessore, and
ultimately to the city •of Races. -The indigo \
planters exAcielation were also about to take the
question into consideration. Meanwhile the
•arrangements for the survey were making progress,
the government showing every disposition to
facilitate them.
The financial crisis which has lately prevailed at
Oopenhagen is spreading to other parts of Den-
mark; money is exceedingly scarce, and cannot be
obt tined except on very one,:ous terms. At Kiel
several failures in the grain trade have been an
nounced, owing to the heavy speculation which has
recently been carried on. At Hamburg money is
more plentiful, two and three monthst bills having
been discounted at 4 per cent, and second-quali-
ties at per cent
From Paris the accounts state that the question
now exciting chief attention is the probability of
an immediate alteration in the discount regulations
of the Bank of France. It is presumed that the
position of the establishment is so much improved
ati IQ admit of some relaxation, and the first step,
it is supposed, will be the negotiation of bills
- having 90 days to run, the period hitherto having
been restricted to 60 days.

Commerrtal Intelligence.

LIVERPOOL COTTON MARKET.—Dec. 11.
The cotton market continues very steady, the demand to
day has been fair, and with an amp!o supply, prices are
unchanged. The sales—including 20 iranhams 7:11, 20
Baths 611, 300 Egyptians 71 to 81d, 1,600 Surata 48d to
5711—are reported 7,000 bales, of which /,000 are on
speculation and for export,

LIVERPOOL PRODUCE MARKEL—DEC 11.
SIJPAR : The only sales reported consist of 1.400 bags
old brown Pernams at 33s 93, and 70 hhds Porto Rico at
51s per ewt.
MOLASSES, Rum, AND COFFEE : There are no transac-
tions to notice.
Rice : We have had: a steady market, the sales coon-
prising 7,500 bags Rangoon, chiefly at 103 3d, 2,000 bags
Bengal at 93 9d for broken, lOs to lOs 31 far Ballatn, and
13s for good, and 1,000 bags Necransie at lOs 6d per cwt.
CASSIA LIGNEA : We Lave also to report 115 cases at
1108 to 116 s per ewt for piles Nos. 1 and 2.
MADDER ROOTS : 70 bales Bombay, part all faults, sold
at 41s per cwt for sound.
SAGA FLOUR : 300 bags sold at 183 G 1 per ewt for sound.
SENNA : 150 bales were sold at 5d to 3id per lb.
TEEL SEED : Wings white were sold at 61s per qr.

AGRICULTURAL PRODUCE MARKET. —DEL 11
Per stone, 201bs. go:us. a. d. a d.
s. d. s. d.Tolatoes. Seedlings 32t0 3 6
Hay, 01d...... 8 to 0 Bi;Ditto, Kemps .... 3 9 to 4 0
Ditto, new.. 0 6} to 0 801tto, Whiterocks.. 211 to 3 1
Ditto, clover.-- 0 6 ,o 0 7;Ditto, Balsliaws A I) to
Green Clover ooto 0 OlDitio, Ficldrums.,. to tr. 2 9
Vetches q 9 to 0 ()pith)! nittotis
..
Straw, wheat p 24 to 0 33. Per ton.
Ditto, oat .... • • 02} to 6 31 turnips lll U to 20 0
Ditto, barley 0 2i to 0 2,lCarrots
Oats, In straw , 00to 0 Mangle wurzel l7 otol9 0
Manure 5 0 t,, 7 0

MANCHESTER CORN MA RIVET.--Dec. 11:
There was a fair supply of grain and grain produce at
our market this morning; but the trade ruled dull, and
prices of Engliah wheat declined Is to 2s per quarter, and
American 8d per 70 lbs. Flour might be had at Is per
sack less money. Oats and oatmeal were unchanged is
value. Beans and Indian corn were rather cheaper.