The Northern Daily Times.
Liverpool, Merseyside, England, 1856-04-21 00:00:00

TIE 14011THERN TIMES.-LIVIIIRPOOL, MONDAY, APRIL 21, 1866

MONETARY AND COMMERCIAL,

LITERPOOL, SAtlllthAY EVENING

The Liverpool Cotton' Marit continues very
active and firm. To-day the /sales reach 15,000
bales, and include 7,000 taken for speculation and
export„ Prices, ave still an upward tendency.
The Liverpool Share Market has been firm to-
day, but the amount of business done has not been
large. Prices closed steady at the following quo-
tations :—Aberdeen, 1:1 131. Chester and Birken-
head, 151 16. Caledonia.n, 30a 30.1. Chester and
Holyhead, 161 161. Eastern Connties, 10 1-16 10
3-16. -East Lancashire, 19f1- 19a. Great Northern,
23± 231. Ditto A, (4",. 10k. Great Western, 641
65 Lancashire -and Yorkshire;-- Stock, 89k -891.
Liverpool, Crosby, and Southport, 17 171. London
and North Western. Stock, 101,4 1011. Manchester,
Sheffield, and Lincoln, 298 291. Ditto Pref., 111
12. Ditto New 6 per cent.. Pref, 2 in. Midland
Stock, 75 758. North British, 8 13-16 Bi. North
Staffordshire, 6 51d. South Eastern and Dover,
22.22 1-16. York, Newcastle, and Berwick, 191
191. York and North Midland, 28± 28±. Leeds
Capital Stock, 15.7 i 16. Buffalo'and Lake Huron, 2
1-16 2 3-16 p. Dutch Rhenish, 11 lip. Great
Western of Canada, 20 2(3 Ditto New Shares,
3 371 p. Ditto 2nd issue,:3l :34p, Great Luxem-
bourg,,7l 71d. . .
We quote ,the following report of the 'London
Stock and Share Market from the circular of
Mr. William Avens •

The payment of the April dividends has thrown a large
amount of money into the market, with a view to obtain
active employment at the profitable rates which have so
long been current ; and consequently there has been more
ease in obtaining commercial discounts and short advances
upon public securities, than has been the case for some
But though it is probable that in the present
S 3 than £4,000,600 have thus been put into

line pa

circulation, of which £2,000,000 have been, or may be
applied to re-investments or placed at call with the Banks
and Discount houses, no abatement in current rates can be
.reported. In this respect there is no change for the better ;
and apprehensions are felt in some quarters that there may
be a renewal of pressure upon the termination of the
dividend payments. The opinion that the present condition
of ease is only temporary, is founded upon several obvious
considerations. One is, the continued overflow of coin to
the East, which absorbs not less than £lOO,OOO per week ;
another is the demand. for Specie from India and China,
which cannot be expected to abate under present circum-
stances ; another the moderate imports of specie
compared with our wants; another, the pre-
parations for meeting the final instalment of five
millions loan, and the payment on account of the Exchequer
bills funding operation, which will absorb £1,050,000 out
of the market; and lastly, the probable necessities of the
Chancellor of the Exchequer to enable him to balance the
receipts and expenditure of the present financial year.
Against these considerations there is nothing of a very
tangible character upon which reliance can be placed ;
consequently the prospects of co❑tinued ease are not, for the
present, very promising. Trade, however, is good and
extending both at home and abroad, ; and as there is a
strong spirit of legitimate enterprise abroad as well as an
equally strong speculative tendency, the banks and discount
houses are discriminating the purposes, as well as the
terms, for which advances are required. The imports of
specie during the week, amount to nearly £500,000. The
exports to about £lOO,OOO, but they will be much larger
next week. Advices have been received to the effect
that £262,086 in gold, was shipped from Melbourne
in January. This amount is now nearly due. All
the exchanges are favourable to the return of
gold to this country from the-Continent. Public securities
have been rather drooping, but on Wednesday they shewed
symptoms of recovery. On Saturday consols closed at 937;
to 2 for the May account, from which they gradually
declined upon sales, to 93,1 to -1-„ at which they opened on
Wednesday. From this point they improved to 93 7-16
to 9-16, principally in consequence of a large purchase by
an influential house and they have remained at 93a to
since. The comparative ease of the Money Market upon
the price of consols is neutralised by the recent and prospec-
tive creation of stock, and by the sending out of specie. The
Railway Market was dull in the early part of the week in con-
sequence of the arrangement of the settlement having
absorbed the attention of dealers. The account, which
proved rather heavy, passed off well ; but one party
was unable to meet his engagements. He had operated for
the fall-both iu Consols and R,ailway Stock. The market
has since shown more animation, and prices have tended
upwards: The French lines are all higher, particularly Paris
and Lyons and Great Central of 'France; but there was a
alight, reaction yesterday., Foreign securities have generally
been firm, though business is languid. Turkish and Mex-
ican have been principally dealt in. Joint Stock Banks
and miscellaneous shares have not been very active; and
prices generally are much the same as last week.
The Weekly Bank Return published last night is unfav-
ourable. The bullion, notwithstanding large imports
has increased only £41,552, and the entire stock in both
departments . amounts but to £19,098,667. It is now
£8 000,000 less than in June last. The reserve has fallen
off £523,723 ; and the whole amount of notes and coin in
the till is only £4,573,577. The bank, however, has been
making large temporary advances to the Government,
which have diminished this fund; but, on the other hand, it
has received back private loans and advances to the amount
of £2,917,192. tinder those- circumstances, it is not pro-.
bable that the anticipated equalisation in the rates of
discount on long'and short bills can be `Made next week, or
for two or three - weeks to come. The -circulation,
including bank post bills, is now £20,819,050, against
£20,201,830 last week. -

To-day the general demand for money has
rather increased, and owing to preparations to
meet the loan instalment next. Thursday, the
applications at the bank are likely to be numer-
ous. The commercial demand remains steady ;
and, on the whole, the Lombard-street houses are
freely extending their discounts. The market is
not perceptibly affected by the diminishing reserve
in the bank, because good bills are readily taken
elsewhere ; but the subject is beginning to attract
considerable notice. Consols have been steady all
day with scarcely a single movement. The attitude
of the market is that of expectancy. Every body
is looking on, waiting for some event, either finan
cial for political, [to give a stimulus to business.
The opening quotation was 938 to 4- for money, and
93: to 4 for the account; and these were also the
closing prices. In the English Railway Market
there is but little change since yesterday. Edin •
burgh and Perth have declined 10s. upon sales;
Great Westerns are ss. lower. On the other hand
Lancashire and Yorkshire and Sheffields are firm.
The Continental lines are suffering a reaction after
the late advance. Paris and Lyons are 55., and
Eastern of France 10s. lower than yesterday.
Sambre and Meuse have fluctuated between ln
and 141, and close at 131 to 14k. Luxembourgs
close at 6'4 to 7k. Riga and Dunaburg I-, to 11
pm. Lombardo-Venetian 61 to tpm. Italian
junction to I pm. Colonial Railways main-
tain firm prices. All the Indian and Canadian
lines are still in good demand. The former
area to Z- higher. . Foreign Securities have been
totally neglected. Scarcely a transaction is recorded
in any, and prices are unchanged. Mexican close
at 2.21 to 23. Joint stock banks have been dealt in
to a moderate extent. London and County, 344 to
35 ; Ottomans, 11, 2 pm.; Bank of Egypt, 11 to
pm. The Charter of 'the Unity Bank was received
from the Board of Trade this morning, and business
will commence on the Ist of May, or earlier if
possible. Miscellaneous shares are dull, with not
much doing in them. Netherland Lands 4 -2- pm
The French Three per Cents opened on the Paris
Bourse this morning at 74f 45c; at the close they
came 74f 70c for Account; The Ftiltoli,-from New
York with half million dollars in specie for Franca
was Off Cowes at noon. She brings news from
Mexico that it was reported' at Puebla that the
government had suppressed the revolutions.
Telegraphic advices from Spain state that the
Madrid Gazette has published the items of the
budget for the present year, and the service for
the first six months of 1857. The total expendi-
thre is estimated at 2,198,517,280 reals, and the
receipts at 2,202,591,988 reals. It is also announced
Credit Banks
havethat beenthe operationseeneiderah
considerably
of e
hteheek e
dN ehwy
the interdict of
the French Government, which prohibits the nego-
tiation of such stocks on the, Paris Bourse. The
consequence has been that all the shares sent for
sale to Paris have been returned, and caused ,a
considerable decline in the quotations. On the-
Madrid Bolsa the Spanish Funds are steady, at
previous quotations.
Accounts from Prussia state the effect of the
interdict being rescinded upon the exportation of
grain from the Russian markets since there-estab-
lishment of peace, is beginning to be felt upon the"
Russian cash markets, especially in the Baltic
provinces. It has been remarked, also, that the
trade with Russia is likely to affect seriously the
commercial relations between the North German
and Scandinavian States; and that already grain
ha.s fallen considerably in the Swedish and Danish
markets. At-Dantzic the markets for wheat, which
used. to be very active upon the approach of the
opening of navigation, is this year exceedingly
dull, and quotations are nominal, while rye con
tinned; tg fall in priPe.

FRANCE.

ERODI OUR OWN CORRESPONDENT.)
PARIS, FRIDAY EVENING,

Of political news of infportanee there is a dearth
to-day, The Debats publisles a long article about
the'treaty-of peae, in which it giVes, with affected
diplomatic reserve, certain details professifu.i, to be

important, but which are not new. Thus, it says
that the additions to the treaty will be two in
number—one relative to the number of small
vessels to be kept by Russia and Turkey in the
131'ack Sea ; -the other relative to the Aland Islands.
But I told you the same long ago. - -
Before this letter can he printed, Lord Clarendon
will have arrived in London. Count Cavour, the
Italian Plenipotentiary, left yesterday, it is said,
for London. Count Buol, the Austrian; set out
for Vienna-this morning, and Baron de Manteuffel,
the Prussian, left in the course of the. day. Count
Orloff, the Russian, still remains ; but, as I told
you several days back, he is going to Italy. His
ostensible destination will not, however, it appears,
be Naples, as at first stated, but Pisa.
The evening papers quote the statement of the
Morning Post, that three Commissioners are to bo
nominated by the governments, to settle the details
about the navigation of the Danube, the Princi-
palities, and the Christian populations of Turkey.
I mention the quotation, just to be able to call
attention to the fact, that the Morning Post, though
it is notoriously the semi-official organ of the French
Government in England, and as such has better
sources of • information than. -any of its London
cotemporaries, was still not better informed in this
important matter than I was, for I sent you the
same news two or three days back.

It is said that a strong diplomatic pressure is to
he exercised by England, France, Russia, and even
Prussia and other German governments, (Austria,
of course, excepted,) on the Pope and the King of
Naples, in order to induce them to modify their
tyranny, and even to change the forms of their
governments. On chit also, that Lord Normanby,
our Minister at Florence, is to go to Rome as Eng-
lish representative—not, however, of course, in an
official character, our laws forbidding official rela-
tions with Rome.

A considerable change in the personnel of French
diplomacy is about to take place.
Some sensation has been caused in official circles,
by the arrest
,of an advocate named, I believe,
Rorea, on the charge, as I am told, of having
offered a bribe of £16,000 (400,000 fr.) to a high
functionary, on condition of his obtaining for him
a concession of street cabs, which in Paris are a
monopoly. Another person, whose name need not
be mentioned, was, I am told, arrested at the same
time, but released.

Committees have been formed in all the arron-
dissements of Paris and in the immediate suburbs,
for raising subscriptions for making an " offering"
to the Empress. In the parts of the town chiefly
occupied by the lower classes, the subscriptions
are limited from one to five sous, but they do not,
on dit, flow in very rapidly. I am assured by a
manufacturer in the Faubourg St. Antoine, who
employs 100 workmen, that when the collectors
presented themselves in his workshops, every man
peremptorily refused to contribute even a sou.

PARIS, THURSDAY EVENING

. The Moniteur sent you this morning contains,
as you will have seen, an article announcing the
formal conclusion of the Congress, that the treaty
of peace will be ratified by the end of the month,
and that the protocols will, be published at the
same time, &c. I told you yesterday, that the
Moniteur would contain this announcement, and,
singular to relate, the official journal makes it known
in almost the very terms I used. It is very rare
for a newspaper correspondent to be so well in-
formed as to anticipate even the official announce-
ments of the great official organ of the French
Government. I doubt not that the readers of the
NORTHERN TIMES will duly appreciate the fact, as
a new proof of the zeal displayed in their service.
I learn to-day from an excellent source, that all
difficulty with respect to the occupation of the
Danubian 'Principalities by the Austrians may be
eensidered at an end. Austria, I am assured, has
entered into positive engagements with England
and France to withdraw her troops from the Prin.
cipalities, and to begin doing so as soon as they
shall commence removing theirs from Turkey ;
nay, even she has promised to effect her removal
with all possible despatch, so that it will be
accomplished before the Allies have terminated
theirs.

I am again assured, and on good authority, that
a new Congress is decidedly to be announced at
no very distant interval, to take into consideration
the Polish and Italian questions, and the situation
of Europe generally. To this. Congress all the
European powers will be convoked, and its deci-
sions will form a new international compact in
Europe, destined to replace the treaties of Vienna,
of 1815, which have been violated in all manner of
ways. I recollect, months ago, having told you that
the summoning of such a Congress was a very
favourite hobby of the, Emperor, and that, as he
had set his mind on it, he would effect it. You see,
then, that in this matter also. I was well informed.
The Patrie of this evening confirms what I said
yesterday, as to the Congress having referred the
regulation of the questions relative to the naviga-
tion of the Danube, the future government of the
Principalities, and the state of the Christian
populations of Turkey, to special commissions.
A Berlin despatch says that the Emperor of
Russia has ratified the treaty of peace ; also, that
he had left for Moscow, and that his coronation had
been fixed for the 30th August. The expense of
this ceremony is estimated at upwards of £500,000
sterling !

The Legislative Body has been occupied in
discussing the bill on the Customs, presented by
the government; but nobody pays any attention to
what it says or does, as it possesses no real power,
and even its deliberations are not allowed to be
printed in the newspapers until revised (and
altered) by the government. The Customs' Bill
was, of course, passed as presented by the govern 7
ment ; it is of a rather liberal character.

The _Revue de Paris has received-;;‘ warning "
to-day, for an article by M. Ronchaud,. attacking
the late historians of Cfesarthat is M. Troplorg
and others, who, to flatter the present Emperor,
have been preaching up that tyrant.
Baron de Manteuffel, the Prussian Plenipoten-
tiary, positively leaves Paris to-morrow.

The English mails of yesterday, due this morn
ing, had not arrived up to a late hour.

The society of literary men (Gen des Lettres)
held a grand meeting to-day, to receive a report on
the awards made to competitors for the pecuniary
prizes offered by Dr. Veronos.
From Hamburg we learn. that it had been
officially denied ,there that the, Russian govern-
ment intends to make a new loan.

Accounts from Constantinople to the 7th have
arrived at Marseilles to-day. The English had
begun sending off their siege artillery, and the
Sultan had attended a review of the English troops
on the plain of Haidar Pacha. Aali Pacha is to go
to London to present Prince Albert with the order
of Medjidie. Disturbances of a grave character,
caused by the concessions to the Christians, had
broken out at Sivas and Koniah, but the govern-
ment wqs determined to repress them with energy.
The differences between England and Persia were
not settled. The Turkish Ambassador at Teheran
had resigned. oriT