The Northern Daily Times.
Liverpool, Merseyside, England, 1856-12-15 00:00:00

MONETARY AND COMAIEaC.Af.

LIVERPO^L, SATURDAY EVENING.
We have not any change to notice in our Cotton
Market to-day. The demand keeps quiet, but
steady, and as there is a good supply, prices are
well sustained. This day's sales are estimated at
5,000 bales,' of which 5)0 were taken by exporters
and speculators. Surats sold at 4d to 5-td, Maran-
ham 71d, Pernambuco 'ld, and Egyptian 71 per
pound.
The Liverpool Share Market was rather inactive
today. Few sales were made, and prices favoured
the buyers. We quote Caledonians 31,1 t, Lanca-
shire and Yorkshire 97A East Lancashire 21i
Great Western 691 70, London and North Western
Stock 1051 106, Midland Stock 821 t, South Eastern
221 22 he settlement of the account is going
forward, and the rates of " Contangoes" were to day
much the same as reported yesterday, so that we
need not here requote them
The Manetary proceedings of the week now
closed, justify the hope so generally entertained,
that we have entered upon a quiet restoration of
financial ease. Nevertheless, there is not at
present any reason to anticipate that the Bank
of England will reduce its rate of interest
for a time longer. The demand for Money,
is sufficiently active both in the discount market
and the stock exchange, to maintain the value of
general accommodation at the quotation to which
the minimum was lately modified, besides, it is
believed that the ordinary inquiry for loans, &c,
apart from any extra pressure arising from the late
exceptional state of things, will induce the direc-
tors to hesitate before they make any further
relaxation. Although a considerable portion of
the gold by the True Briton is finding its way into
the bank, the circumstance that purchases continue
to be made on continental account, would tend to
show that the pressure abroad had not wholly
subsided. Should, therefore, another t per cent
have been taken off, the rate, it is thought, would
enlarge the contracts which are known to be open
for the supply of the Bank of France and the
Credit Mobilier. Such assistance would be
speedily made available, if the expense could be in
a measure reduced, and it would only require a
further partial alteration to cause the capitalists
on this side to recommence those transactions on a
much more extensive scale. The supply of capital
ih Lombard-street is pretty equal to the demand ;
but, according to the representations of the leading
bankers and brokers, advances will not be obtained
for the next week or so much under the current
rate of the Bank of England. The enquiry for
silver for shipment to the East has partially
diminished, and owing to the reduction by the
lion East India Company in the rate of exchange
for bills on Presidencies, the quotation for that
metal has declined. It is now thought that the
remittances by the next mail will not be so large
as previously ; and should further advices from
India and China record a favourable movement
in the exchange at Shangbae and Canton, it may
be presumed that the enormous amounts trans-
mitted since the beginning of the year will not
continue to be sent away.
The Public Securities have been rather flat
to day, and the dealings therein limited. This is,
however, chiefly attributed to the nature of the
outstanding engagements, as there are no adverse
circumstances to warrant a decline. On the
contrary, there are such indications of a steady
recovery in financial affairs as would at any other
period but the present have stimulated extended
speculation for an advance in values. Now, how-
ever, as usual, just at the termination of the year,
every one appears desirous of curtailing their
operations, and the steady improvement in the
resources of the national establishments, above
referred to, produces no beneficial effect on the
Funds. Consols opened at 95i and advanced to
051. and subsequently receded to 951, Closing
steadi yat Mt 95k. The New 3 per Cents left off at
93'4 to On. The Reduced 93' to 93;1- Exchequer
Bills were ss. to Bs. premium, and Bank Stock
held at 217 to 218.
The subjoined statement shows the fluctuations
in Consols during the week ending this after-

noon :

Lowest Highest Closing
prium prices. prices.
Monday ... . Money 94a 944 944
Account .. 933- 94 931
Tuesday ......Money .. 94 941-, 941
Account .._ 933 931 931
Wednesday... Money 941 shut 94
Account .. 931 94 94
Thursday ..Money siva
Account 931
Friday ....Money ... shut
Account .. 937
Saturday ....Money shut
Account 931 931
This being making up day in the London
Railway Share Market, the business transacted has
been very limited, and most of the principal lines
ruled at rather lower quotations. Caledonians
were done at 611 62. Eastern Counties, 91 9:
Great Northern, 90 to 91. Great Western, 69 to
691. Lancashire and Yorkshire, 96a to 961.
Brighton, not to 1111. North Western, 1051 to
1051 South Western, 1071 to 108. Midland, 82
to 821. North Stafford, 121 to 121 South Eastern,
73 to 74. The Foreign and Colonial lines are very
inactive, and no alteration can be quoted in prices,
Great Central of France being 41 to 5 prem.
Northern of France, 371 371. Paris and Lyons, 54
to 541. Grand Trunk of Canada are 111 11?-, ; and
Great Western of Canada, 241 241. Euphrates
Valley are dealt in at 1 to 1 prem. Towards the
afternoon there was a further decline in the prices
of most of the leading lines :—Caledonian closed at
621. Eastern Counties at 91 9:. Great Northern,
881. Great Western, 68/. Lancashire and York-
shire, 974. Brighton, 110; North Western, 105;
South Western, 1071 Midland, 821 North Bri-
tish, 391. North Eastern, Berwick, 83; ; and
South Eastern, 73 to 731.
The value of the precious metals arrived during
the past wet k have hi en about 480,0001., of which
D 60,000 has been from Australia, 5,0001. from the
coast of Africa, 4,0001. from South America, and
112 0001. from New York. The following are the
particulars of the week's import :—By the Flora
(s) from Oporto, 15 cases 2 pkgs. silver coin ; the
Fanny, from Cape of Good Hope, 1 case of specie ;
the True Briton from Melbourne, 90,000 ozs of
gold, 360,0001; the Tamar (s) from the Brazils,
3,940/. ; the Europa (s) from America, 560,000, dole.
or 112,4001 ; the Gambia (a) from Africa, 1,269 ozs.
of gold, or 5,0501.
During the same period the exports, as far as
they are known, have not been very extensive,
and have consisted chiefly of shipments through
the London Custom House, to the extent of about
214,0001, independent of private remittances of
gold to Paris. The Avon, for the Brazils, took
166,0001, and the Tagus, for the Mediterranean,
15.1161
The accounts from the manufacturing districts
do not show any material change from last week.
Our Leeds advices of this afternoon inform us that
several large buyers have been in the town during
the current week, and although they have pro-
fessedly been looking out mostly for something
rather under the market, yet we understand they
have operated to a considerable extent in some of
the wholesale warehouses. The country trade is
quiet, but a moderate business is doing in the
shipping houses. On the whole, the woollen
trade continues in a satisfactory state. At Bradford
there is equally as much firmness manifested in the
wool department as last week, and the high prices
which then ruled have been fully maintained. At
Manchester the advance in the India and China
departments, which, in the beginning of the week,
scarcely amounted to Id per lb on yarns and
3d per piece on shirtings, is now certainly
established at those figures, with a partial bias
in excess of them, and indeed something more than
a bias in certain sorts of shirtings ; but, of course,
the sales are become very limited, because there is
hardly anything to sell. There is a general
disposition to look forward to the turn of the year,
with an expectation of an improved trade ; for
money is becoming easier, corn is slowly declining,
and our customers are nowhere overstocked with
yarns or goods. The wool markets of Hudders-
field and Rochdale have been very animated, and
prices tend upwards. The flannel trade of the
latter place is still dull, but the wills are said to

- -
94 94

94 931