The Northern Daily Times.
Liverpool, Merseyside, England, 1856-06-26 00:00:00

NORTHERN TIMES.-.--LIVERPOOL, THURSDAY

the material condition of the industrial portion of
civilised States must take place, in obedience to
the increased supply of that metal which has
hitherto regulated the supply, demand, and price
of every other commodity. War has not checked
the production of gold in any way, except by
keeping back emigration. • The bullion statistics
received from the Colonies give us but a mere
approximation to the yield of their mines. Last
year we received upwards of 12,000,0001. in gold
and coin from Australia; and the receipts this year
will probably amount to One-third more—that is,
the gold we shall draw from this one quarter will
be about equal in value to the whole of the cotton
we get from the United States. _

It is preposterOus to suppose that such an
addition to the quantity of any one product can
be made without affecting the value of the article
itself, and that of every other commodity to which
it is ever so remotely related. But whether the
change will show itself in the depreciation of
the value of bullion, or in an advance in the
price of commodities to meet the loss in the
purchasing power of gold, is a matter of little
moment to those who look to the advance.
ment of civilisation for the consolidation of
the British Empire. Gold is the lever we have
selected to raise us to the shigheSt pinnacle. of
prosperity and renown, and with that lever in
the hands_ of Great Britain, her people have the
means of raising themselves and doing their duty
towards the hundreds of millions of human beings
who inhabit the 8,000,000 of square miles they have
conquered. Australia offers a home, with every
affluence, to millions of our impoverished country-
men. Industry must there find a handsome inde
pendence, whether it be in trade, commerce, or at
the plough. There the earth is literally teeming
with that which men cannot obtain at home, and
to attempt to estimate the present condition
or future prospects of such a country would be
both presumptuous and impossible, as we really
do not understand all that flippant rubbish our
London, and indeed local, cotemporaries pour
forth about "over-trading," " over-speculation,"
and " reckless buoyancy," when speaking of our
commercial transactions with a people whose
bullion wealth is inexhaustible. Our readers well
remember how loudly we protested against, the
" bear " and banking claptrap which was preached
at the commencement of the panic of 1853, and we
will now ask our sapient opponents of the trade
" bearing " school what England or her Southern
Colonies would have lost if all the ships and ship-
ments, passenger traffic and gold digging, emigra-
tion and waste land cultivation, we saw in full
operation in 1853, had been continued up to the
present hour ? Give a veritable gold field labour,
and who will pretend to tell us when its possessors
are " over-trading?" The word is " Onward !" and
the Britisher must obey, let brainless and heartless
men'say what they please.

/NETARY AND COMMERciA

LIVERPOOL, WEDNESDAY EVEMN

The Liverpool Cotton Market has shown more
strength today, and with an active demand from
the trade, a good business has been done, the
sales amounting to 12,000 bales, of which 4,000
have been taken for speculation and export. Prices
are firmer.

There has been a good business doing in the
Liverpool Share Market,-and the tone of the max-'
ket has shown increased firmness, closing at its
best, at the following quotations :—Aberdeen, 14
141. Chester and Birkenhead, 17/ 171. -Cale-
donian, 31-1 31/. Chester and Holyhead, 161 163.
Eastern Counties, 101 101 East Lancashire,
201 201. Great Northern, 24 241. Ditto A, 91
10. Great Western, 61 611. Lancashire and
Yorkshire Stock, 96 961. Liv&pool, Crosby,
and Southport, 18 181. London and North
Western Stock, 104 104 k. Manchester, Sheffield,
and Lincoln, 32k 324 Ditto New. 6 per cent.
Pref., a Ditto Pref., 118 12. Midland
Stock, 818 82. North British, 9 7.16 9 9-16.
North Staffordshire, 6 58d. South Eastern and
Dover, 22 5-16 221 York, Newcastle and Ber-
wick, 214 214. York and North Midland, 30;
301 Leeds Capital Stock, 19k 191 Buffalo and
Lake Huron, 11 1,1-p. Dutch Rhenish, 2 e 1-16 p.
Great Western of Canada, 261 268. Ditto New
Shares, 34 3Z-p. Great Luxembourg, B,i 8-1-d.
Accounts from the Vienna Bourse state that no
improvement has taken place in the general state
of its affairs. The markets for all descriptions of
stock opened this week heavily, with no ameliora-
tions in the price of last week. The feeling
against the French Company relative to the
Austrian Railway Stock has not subsided, and
the depression which exists in the Paris Bourse,
with the depreciation in the Credit Mobilier Com•
pany's shares, has created a want of confidence in
the affairs of that society at Vienna. Speculation
has been checked considerably, and many Austrian
capitalists who were induced to invest in Railway
and New Bank Stocks have already experienced
large losses.
Accounts from Beilin state that the wool fair
held there continued to be animated. The quantity
of the new clip brought for sale amounted to 90,000
cwt, besides 2,000 of old stock. The producers
and merchants had profitted by the experience of
the markets at Breslau and Posen, and there were
no exaggerated demands made to keep purchasers
from the market. The washed wools were in good
condition, and superior to what they were last
year. The prices obtained were from 4to 6 thalers
per fleece for inferior sorts, and 8 to 10 thalers for
fine qualities. Combing wools ranged from 70 to
80 th. per centner, being a rise of 2 to 3 thalers on
last year's prices. At Weimar the fair from the 16th
to the 18th instant, exhibited a very animated
appearance, and the business done showed the
following satisfactory results :—The quantity
brought for sale amounted to 39,460 stones of 22
lbs (German) each, being 3,824 stones more than
last year • of these 10,000 stones have been sold
for stock; 22,460 have been for cash,' 1,0)0 for
samples, and 6,000 have been left on hand. The
average prices realised have been from 14 thalers
to 17 th per stone against 12 to 16/ th last year.
At Breslau transactions have been limited, not
amounting to more than 400 cwt, of which the
prices obtained were, for superfine qualities 130
thalers, for ditto locks 90 th, and inferior ditto from
76 th to 80 th.

The influx of specie into the Bank of England
continues very large. On Saturday about 100,000/_
went in On Monday also 100,0001., and yesterday
about 200,0001., so that the stock of bullion in that
establishment is likely to reach a very high figure.
The Funds remain extremely firm, with an
improving- tendency. In the afternoon a further
advance of per cent was attained, owing to
reports, which obtained credence in very good
quarters, that the bank will to-morrow reduce its
rate of discount. The closing prices were thus
quoted :-944 048. The supply of capital was
to-day abundant, and rates in the discount•market
continue decidedly below those of the bank. The
Paris Bourse shows . renewed heaviness. The
Three per Cent Rentes experienced to-day a fall of
to 4 per cent. Considerable orders for invest-
ment in sound French securities, are sent from
this side to Paris. In the Railway Share Market,
the following were the closing quotations :
Caledonian, 62k 622. Eastern Counties, 111
East Lancashire, 83 851. Great Northern, 951 964.
Ditto A, 781 791 Great Western, 61'4 62.
Lancashire and Yorkshire, 951, 968. London
and North Western, 104 104 i. Manchester,
Sheffield, and Lincolnshire, 32 321. Midland Stock,
81182. North British,.37l 38. South Eastern
and Dover, 74 74i. York, Newcastle, and Berwick,
854 86*. York and North Midland, 61 614.

ECCLESIASTICAL PREFERMENT.—A canonry in Man-
chester Cathedral has been conferred upon the Rev. W. L.
Hussey, M.A., Vicar of Kirkham, in this county.
MILITIA APPOINTMENTS. —The following appears in the
Gazette of Tuesday night :-sth Regiment of Royal Lan-
cashire Militia—Edward Middleton, Gent., to be Ensign,
vice De Visme, resigned; William Edmonstone Lendrick,
Gent., to be Ensign, vice Rawlins, resigned.

CORONER'S INQUESTS.—The Coroner held inquest s
yesterday, on fthe bodies of John Johnston, who died in
the Northern Hospital, and on William Roughsidge,
both of whom died from injuries accidentally received.
On the body of Pat Joyce, aged 76, who died suddenly
of natural causes. Verdicts in accordance with the
evidence were returned in each case.
THE LANCASHIRE MILITIA.—The Queen has been
graciously pleased to mark her sense of their valuable
services by signifying her commands, through the Secretary
of State for War, that the following militia regiments,
which volunteered their services abroad, should be per-
mitted to bear the word " Mediterranean" on their colours :
viz., the Ist Royal Lancashire and the 3rd Royal Lanca-
shire regiments.
LIVERPOOL AND KIRRDALE PRISONS.—A Blue-book was
issued on Saturday, containing the Nineteenth Report
of the Government Inspectors of Prisons, but its con-
tents lose much of the interest they would otherwise
possess from the fact of the visits to which they refer
having been made as far back as August, 1853. There
was a decreased nnmber of prisoners, both at Kirkdale
and in Liverpool Borough Gaol, and the reports are
highly satisfactory.
DISSOLUTIONS OF PARTNERSHTP3.-11. Lewis and C.
Lewis, Chester, builders. W. Brongh and J. Bent,
Manchester, coach builders. B. Nicholson and C. H.
Camm, Sheffield, steel manufacturers, J. G. Burgess and
W. Davis, Manchester, fent merchants., P. James and J.
Hardv, Leeds, whitesmitlis. A. Gartside, J. L. Bowes, and
G. Ward, Liverpool, wool brokers. J. Paterson and H.
Meggitt, Kingston upon Hull, lithographers. B.
Walker and W. Beswick, Salford, Lancashire, braid.
manufacturers.

SOUTHERN AND TOXTETII HOSPITAL.—WEEKLY REPORT,
JUNE 25, 1856.---In patients :—Discharged : cured, 22 ;
relieved, 0; at own request, 0 ; irregular, 1. Dead, 2 ;
entered, 17 ; under treatment, 53. Out patients : cured,
43 ; entered, 57 ; under treatment, 43. Treasurer, James
Houghton, Esq. Visitors, Rev. T. Robberds, and John
Rogers, Esq. Honorary chaplain, Rev. D. T. Barry.
B.A. Physicians and surgeons for the week, Dr.
Cameron, and Mr. Churton. House surgeons, Mr, E. C.
Garland, and Mr. William Townsend.

THE ARCHBISHOP of CANTERBURY AND THE WESLEYANS.
—The Wesleyan ministers and laymen of the Manchester
and Bolton district, having forwarded a resolution to the
Archbishop of Canterbury, warmly thanking him for the
eourse which he pursued in relation to the Sunday bands,
his grace replied Lambeth, June 4, 1856. —Rev. Sir,—
I am highly gratified by the obliging letter in which you
have communicated to me the resolution passed at the dis-
trict meeting on Mry 9, in reference to the music in the
parks. I beg the members of the district meeting to accept
my best thanks for the manner in which they Dave testified
their approval of my conduct on that subject ; which assures
me that I did not misrepree9nt the feelings of a numerous
and influential portion of her Majesty's subjects, in the com-
munication which I thought it my duty to make to Lord
Palmerston. I remain, rev. sir, your obedient and faithful
servant—,.(Signed)—.1. B. CANTUAR.

THE HARROW CRIMEAN MEMORIAL.—Major-General
Sir William Fenwick Williams of Kars has consented
to lay the foundation stone, this day, of the memorial
aisle of the new school chapel at Harrow, after the
usual annual speeches. The monument is designed to
commemorate the Harrow officers who fell in the
Crimea.

THE ARCTIC EXPEDITION.—The Gazette of Tuesday night
states that the Lards Commissioners of the Admiralty have
duly considered all claims preferred by persons deeming
themselves entitled, and have determined Dr. James Rae to
be entitled, on behalf Of himself and companions in his
expedition, to the reward of £lO,OOO offered to any party
or parties who should first succeed in ascertaining the fate
of the expedition under the command of Sir John Franklin.
A RUSSIAN. PRINCESS.—The Princess Mickeladse, of
Kutais, has been sentenced to twenty years' hard labour
in the mines of Siberia, for having set on four men (of
whom one was her lever) to murder her husband, which
murder they accomplished. Her son, Prince Assion
Mickeladse, an accumplice in the crime, is degraded
from his rank, and sentenced to serve in the army as a
private soldier. 1

LATEST INTELLIGENCE.

•

AUSTRIA AND FRANCE

The lndependance Beige of yesterday gives the
following rumour:—lt is said that an interview
will take place at no remote period between the
Emperors of France and. Austria. It is 'known
that the former of these sovereigns is going to
Plombiere, and it. is asserted that on leaving he
will visit the Castle of Arenberg, in Switzerland,
where he was brought up, and from thence will
procded to a frontier town, where he will meet with
the Emperor Francis Joseph.
The Beige also remarks that there is no doubt as
to the constantly increasing intimacy between the
governments of France and Austria—an intimacy
for the attainment of which the Cabinet of the
Tuileries seems to have made more concessions
than that of Vienna, first of all, on the Italian
question, and next on that of the Principalities.
Doubtless, in so acting, the French government is
following up some object not yet very clearly
indicated.