The Northern Daily Times.
Liverpool, Merseyside, England, 1856-09-22 00:00:00

MONETARY AND COMMERCIAL

During the past week business in all departments
has been quiet, but on the whole satisfactory.
The Cotton Market here was tame on Saturday,

but prices were maintained with steadiness. The
sales reached 8,000 bales, speculators and ex-
porters taking 2,000 bales. Our advices by the steam-
ship Niagara, which arrived here yesterday, speak
less favourably of the growing crop, some estimates
going so far as to say that the total crop will be
20,000 bales less than last year. Full details
will be found in another part of this day's pub-
lication.
At the Liverpool Share Market, on Saturday, there
was a moderate amount of business transacted, but

the general tone of the market was decidedly
weaker, and prices suffered a slight decline. The
transncions consisted of—Chester and Birkenhead,

; Caledonian, 27 ; Eastern Counties, 9 3-16 ;
Grt at Northern, A, 101 ; Lancashire and Yorkshire,

971, 7, 61. ; London Stock, 103, 1,3; Manches-
ter, Sheffield, and Lincolnshire 321, 1; Midland, 79,
B, 9, 81,1-; North Eastern, 20; do, u. N. E., pur-
chasers, 3 d. ; Dovers, 753-; Great Western of
Canada, 23Z, 1; do. new, 1 9-16 p. ; Luxembourg
Constituted, 11; Pacific Stcarn Company, 35. The
closing prices were as follows :—Aberdeen, 131
131 Chester and Birkenhead, 151 151. Caledo-
nian, 26Z- 27. Chester and Holyhead, 161- 161.
Eastern Counties, 91 9,t. East Lancashire, 201201.
Great Northern, 2,1 2 3 7,?,- Do. A, 101 101,
I",irr at Western, 6 611. Lancashire and York-
shire Stock, 961- tAii. Liverpool, Crosby, and
Southport, 181 18g. London and North Western
Stock, 103 1031 Manchester, Sheffield, and
Lincolnshire, 321 321 Midland Stock, 781- 781
North British, 9 11-16 91. North Staffordshire, 5-1-
sd. South Eastern and Dover, 214 21. i. York.

Newcastle, and Berwick, 19-7,7 20*. York and North
Midland, 281 281. Leeds Capital Stock, 17a 17i
Buffalo and Lake Huron, 1-16 d 1.16 p Dutch

Rhenish, 2 1-16 2 3-16 p Great Western of Canada,
231231. Ditto New Shares, 11 p. Great Luxem-

. .
bourn, 11 101 d.
The Money Market remains in much the same
state as previously reported. The supply of avail
able accommodation is slightly increased, and some

of the banks and discount houses exhibit a

disposition to keen their quotations a fraction
below those of the Bank parlour. Mr. Wm. Avens'

weekly review of the Money, Stock, and Share
markets, contains the following :
The condition of the Money Market which from the
various anomalies that it presented, occasioned much
doubt and perplexity laEt week, is now beginning to be
better understood, and we have a partial return of confi-
dence in the future. The continued demand for gold from

the Contin,nt, and the regular absorption of silver by
India and China were the two most obvious causes of the

general uneasiness which then prevailed. But our position
in these respects, as well as the probabilities of a safe mei
profitable internal and foreign trade, have been thoroughly
investigated; and as it is found to be perfectly sound,
giving no cause for anxiety whatever, while there is a
reasonable probability that the departure of specie from
our shores is to some extent incidental and temporary, we
have now to report a return to a better state of feeling.
Indeed, the great anviety of the week was not for our
specie or our trade, except indirectly, but for the rate of
discou ,t. Every day brought forth rumours of more or
less confidence, that the Bank Directors would advance the
rates from 4i to 5 per cent at their meeting on Thursday,
but they made no change. The same reports have, how-
ever, revived to-day. In the meantime the market, prac-
tically, suffered a good deal of pressure ; first, from the
natural desire of all parties to be prepared for the worst
in the event of an advance ; .and next, from a prepon-
derance of applications for advances in connection with
the payment of the final loan instalment of £1,000,000,
which was completed on Thursday. Mainly from these
causes, the rates in Lombard-street have been maintained
at the Bank minimum, and in some cases higher terms
have been required; and, as a necessary consequence, the
Bulk itself has received a vast amount of applications.
The better aspect of the Money Market caused in the
early part of the week an advance in Consols to
the extent of fully 20s since Saturday ; but, owing
to the news from Naples, and to the demand for
money, a great part of the improvement has since
been lost. Business is not yet active, but occasionally it
has been of a more animated character than we have
seen during the last four or five weeks. Railway Shares,
which last week were suffering from a little panic, have
partially recovered ; and we have now a good steady
business doing in them. The traffics continue good, and
public confidence in the value of these securities as invest-
ments is appal tlialy increasing. There have been some
fluctuations in Foreign Securities, particularly Old Turks;
but all descriptions have rallied, but the market is
inactive. Joint stock banks are, on the whole, steady ;
but most of the new undertakings are lower. It will take
a long time to renew the confidence of the public in some
of these establishments.
On Saturday there was a renewed heaviness in
the market for Public securities, a further decline
of I- per cent having produced a continuance of
speculative sales. The Bank of England returns
had rather an adverse influence, and the quotations
have a further slightly downward tendency. Con-
sols were 941!, and 941 for Money, and the Account
prices have been 94! and 941 1, at which they
closed, and remained "after hours." Exchequer
Bills were 13s to 26s premium, and the Bonds 99a
1. East India Stock was dealt in at 229 and 230
From the commencement of business on Mon-
day morning up to its termination on Saturday
evening, the fluctuations in the Funds were as
follows :—ln the Three per Cent. Consols from 931
to 941, Exchequer Bills have ranged from 16s to
12s premium, East India Bonds from 14s to 17s
prem., Consols for Account have been at 938 to
95

The arrivals of the precious metals during the
past week have been small, having amounted to
about 410,370/, comprising 166,3701 from the Pacific
by the Atrato, 88 0001 from Melbourne by the
Joseph Tarratt, 136.000/ from New York by the
Africa, 17,500kfrom Antwerp, chiefly in silver, and
2,5001 from Oporto. The exports have also been
on rather a limited scale, and have been confined
chiefly to silver to the East Indies. They have
been 435,2351 to the East Indies by the Colombo,
17,6851 to the Peninsula by the Madrid, and 38.1001
in silver to Belgium and Havre through the Lon
don Custom House, making a total of 491,0201,
besides shipments to France by private hands, the
particulars. of which are not made public.
At the London Stock Exchange on Saturday
there has been a decline in the prices of most of
the English shares, and in several instances they
were to -1 per cent. lower. Caledonian, however,
have been tolerably firm, viz , ,3,1 to 54, and Great
Northern have slightly improved. In the Mid-
land Shares there have been several dealings
at prices Ito below those current on Fri-
day. Sambre and Meuse advanced and
most of the Foreign Shares were dull, but
steady. Great Western of Canada were active,
and, on the whole, firmer than previously.
The other colonial undertakings remained inactive.
The closing prices were as follows :—Caledonian,
26S 27f. Eastern Counties, 9 1 Great Western,
61 S. Great Western of Canada, 231 2. New Do.,
1 Lancashire and Yorkshire, 961 7. London
and North Western, 103 S. Midland, 781 9. South
Eastern, 21H. South Western, 52! 53. York and
North Midland, 28S S. Manchester, Sheffield, and
Lincoln, 33 S. North Staffords, 5-1 5.
The foreign and colonial produce markets of
Liverpool and London have been steady during
the week, and they closed on Saturday with firm•
ness. Sugar has been taken freely, both for export
and home use, and prices have slightly advanced,
Plantation Ceylon coffee, as well as most other
kinds, has been in good request at full rates.
Cocoa has risen is to 2s per cwt., and tea has ruled
dull at former currencies. The market for rum
continues firm. Saltpetre has risen 6d per cwt.,
and spices have been rather dull. The interim'
kinds of rice have been enquired for, and at 3J per
cwt. advance. Tallow ruled heavy in the early part
of the week, but the market closed with a trifling im-
provement.
Our accounts from the manufacturing dis-
tricts state that trade during the past week has not
been quite so brisk. At Bradford a numerous attend-
ance of buyers had been noticed, and a large busi-
ness was done at rather improved rates for both
yarns and piece goods. The foreign trade was
rather quiet, the principal business doing having
been in fancy goods for the German market. At
Manchester, business was rather flat, especially for
goods suitable for the India markets ; there had
been a steady demand for cloths for the Russian
trade, and long cloths and T cloths for the Levant
met a ready sale. The market, generally, how-
ever, was considered quiet. At Leicester the
hosiery trade was very brisk, and in the fancy
branches a good business has been done for the
winter demand, and a healthy tone was expected to
prevail for some time.
At the proceedings at the meeting of the share-
holders in the Royal British Bank, held on satur-
day, some of the most startling facts were elicited,
and the losses are certainly the most remarkable
ever thistained by a banking establishment, show-
ing, as they do, a great want of judgment and a
degree of carelessness on the part of the directors