The Northern Daily Times.
Liverpool, Merseyside, England, 1856-04-14 00:00:00

EVENING EDITION

rtir An Evening Edition of the NORTHERN DAILY
TIMES is now Published every Afternoon, at Three o'clock,
containing the Markets, togethererr with all the News of the
Day, up to the hour of going ress.

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DAILY TIMES is TWO GUINEAS PER ANNUM.

Ebe

rtherri Tinteo

MONDAY, APRIL 14, 1866

THE Peace Congress bids fair to become a per-

manen

international pal

EUTOPE

discussed and h

The secret b

glorious institution"—a sort of
rliament, in which the affairs of
the rest of the world, are to be
jslated upon, with closed doors.

from each of

)nsist of one representative
hich took part in the

It is as necessary for the people of England to
know how peace negotiations have been, and are
to be, conducted in 1856 as it is for them to
remember how the world's repose was brought
about in 1815, and beyond supplying the informa-
tion with which tolerably reliable rumours supplies
us,
,we care but little. Peace is a substantive
blessing. Diplomatic designs, speculations, and
intrigues, are so many empty and flying
The removal of war prohibitions
against the Russian ports of the Baltic,
White Sea, and Euxine, though by no
means a matter of transcendant impor-
tance, is something with which we know
how to deal. It will add 15,000,0001. to the amount
of imports and exports for the current year. It
may cheapen the poor man's loaf, so economise
our circulation, and release the commercial
classes from the torture of the Bank screw. It
may augment the demand for productive labour,
not only at home, but in our Colonies, and
other countries. This is the circle of realities
for which diplomatists and every other sec-
tion of society have to prepare. Consols must
be kept buoyant, Three-per Cents steady,
Exchequer Bills at a premium, Bank Stock
at 220, and Railway Securities kept from entailing
misery on millions of shareholders. Shipping
must have employment at remunerative freights,
stocks of produce must be replenished, consump-
tion sustained, gold brought back by means which

phantoms

cause "a fall generally in the prices of commodi.
" ties," and leave the trader to

" Coin false moneys
' oat of that crucible called debt."

It would be idle to talk of the charms of
secret political conclaves, with such a pro-
gramme of obviously necessary duties pressing
on the official mind. Let these things be
neglected, and war may be forced on
us again, but it will come upon us with a collapse
of the whole fabric of European society. While

the champions of retrogression are dreaming, the
old Constitutional locomotive will continue its
onward course, and Reason will spread her wings
over every land. The Paris Conference will only
be remembered for its one good act, and its innu-
merable eccentricities. The most unrelenting
despots will find that their very existence is
based on the prosperity of those vast interests
to which a forty years' peace has given birth.

The Emperor who is not in debt, and cannot
keep faith with his creditors is scarcely respecta-
ble enough for these days. And the king who

..3• ..... .., ....• 4.1. %I II ..0 ..• v 1....... ,1....1.1. -

ui 3UU

jects a large amount of bullion for currency and
fiscal purposes, will not be thought sane enough
for this golden age. The most infatuated rulers
would never, we presume, anticipate the realisa-
tion of an ample revenue from thousands of ships
employed in carrying about the world powder and ball
—young recruits and worn-out soldiers. There are
no visible angles of incidents, to justify a belief
in the possibility of any such deflections in
civilisation. The time has gone by for
separating spiritual from the material wants
of nations, and leaving to miracles the discharge
of those bodily and intellectual duties—
the developement of those sublime phenomena of
human existence—for which man was created.
There is an imperishable beauty about the concur-
rent growth of inordinate wealth and irreproachable
morality. Such things may be witnessed in
Europe at this moment; and it is for the attain-
ment of this one great end, that all rightly
balanced heads and hearts throughout the
world are contending. In this unquestionable
fact, diplomatists will find much for reflec-
tion. There are well defined political means
by which the prostration of all that is really good
and great may be effected, and from their employ-
ment no other result can follow; still entering into
compacts with other States, which may compel this
country to declare war against Consols, to outlaw
bread-stuffs, send out to destroy Sebastopols of
cotton, and bombard citadels of nuggets, and
overrun lands of sugar, tea, and coffee, is
nothing more than putting the mark of a mau who
cannot write or read, to so much waste paper.

We can have no more bloodshed unless states-
men are prepared to risk the overthrow of the
present scheme of society. Commerce, in its
English sense, and trade, according to its universal
acceptation, cannot be co-existent with despotism.
The freedom of trade cannot be contracted without
superinducin g ruin to millions—or famine. And that
commerce will bear no prohibitions has been proved
in the case of Russia within the last two years. The
Paris commission may, therefore, sit till Domesday,
if whim should will it so, and furnish faces for a

tableau which may appear, at the same time, with
that which the corporate celebrities of Liverpool
have threatened the lovers of " large plates." They
may go on with all that is wise, or effete, silly, or
in fashion, but unless they are prepared
to supply Europe with some millions of corn,
sugar, tea, and coffee, and to give Liver-
pool Land Lancashire the 16,000,0001. worth
of cotton they now draw annually from tha

United States alone, Parisian protocols will prove
as harmless as squibs. The Czar NICHOLAS'S end
ought to serve for centuries as a warning to the
lovers of large camps, military budgets, and all
that belongs to self-will and designs against the
material progress of natiuns. With the first step
conviction seized upon his mind. He saw the
radical mistake of his reign, and fell a lifeless vic-

tim at the feet of those household gods, which,
in the moment of trial, whispered in the
Imperial ear nothing but " certain humiliation."
No Calmuc was ever more ignorant of the real
elements of civilisation with which we had to com-
bat than the Emperor NICHOLAS of all the Russias,
and may we never be afflicted to the same extent
by the handywork of a Council of Czars sitting in
Paris. But should they in their wisdom involve us
in a protocol war we will back cotton against the
bayonet, and breadstuffs against all the powder
they can make. Our favourites are the true friends
to humanity, and the wants of the millions will
conquer the follies and political greatness of a
commission of wiseacres.

The exports of specie during the week were, by
the Tagus to Lisbon, £5,900, and Cadiz £l,OOO.
The following is the official return of the exports
of the precious metals from the port of London,
for the week ending 3rd April:—Gold coin to
Belgium, 60 ozs.; silver bars to Hamburg, 129,488
ozs. ; silver coin to Belgium, 300 ozs. Total silver,
129,788 ozs.

The American advices received to-day are
generally regarded as satisfactory, notwithstanding
that the accounts represent that the imports
of Dry Goods had grown rather if,:
excess of the demand. It is stated that
in the month of February the total amount
of dry goods thrown upon the market was
7,478,959 dols. against 6,495,420 dols. last year;
while the amount entered for warehousing was
only 364,211 dols. against 1 075,450. In March
there had been thrown upon the market dry goods
to the amount of 9,509,795 dols. against 4,215,021
dols. last year ; the amount warehoused being
about the same as in February. Taking the
quarter alto,gether, the market has been stocked
with 29,885,343 dols., against 17,123,845 dols.
last year. _ _ _ _ _ _

We copy from the New York Shipping List further
returns of the exports of cereals from the United
States, from September Ist to April Ist (the latest
dates from all the ports, in continuation of the
report we gave in the NORTHERN TIMES, April 2-
1855 1856 Flour. Wheat. Corn.

To British Ports 722,524 brls 464,430 gra 424,511 gra
Continental do. 616,618 „ 268,665 „ 23,000 „

Total 1,339,439 733,095 447,511
1853 1854 Flour. Wheat. Corn.
To British Ports 1,549,022 „ 638,100 „ 420,167 ~
Continental do. 783,417 „ 235,490 „ 8,660 „

2,332,439

873,590

431,827

The above table shows that America has ship-
ped, of Flour 993,297 barrels, and 140,495 quarters
Wheat, less than in the season of 1853-54, and
only 15,684 quarters of Corn more, although the
receipts of each had been increasing at the various

X 2.0
supplies, and exporters were unable to operate on
their orders, owing to limits being below the
prices paid by consumers. The deficiency in the
exports is increased, compared with those we
gave a month previous, by 133,642 barrels
of Flour, and 5,000 quarters of Wheat.
The last return of the New York Banks was unex-
pectedly favorable,"the decrease in the specie line
being much less than was anticipated in view of
the absorption by the Sub-Treasury, the shipment
of 350,000 dols by the Boston steamer and the drain
to the South. The Loans were slightly increased.
The Deposit line had apparently fallen off, but in
fact there had been an increase of half a
million. Call loans were still made at six to
seven per cent. There was a fair demand for
Exchange, but the market closed heavily.
The General Assembly of Virginia has just passed
a bill providing additional protection to slave
property. The object of the law is to prevent, as
far as possible, the abduction of slaves by means
of the vessels navigating the streams tributary to
the Chesapeake Bay. The pilots are required to
search every vessel outward bound, to ascertain if
any fugitive slaves are aboard. For making the
inspection they are to exact a fee of five dollars
from the captain. An inspector general, to reside
at Norfolk, is to be appointed by the Governor. If
any shipmaster leaves port before such inspection
is made, he is liable to a fine of five hundred
dollars. The law on this subject is now very
rigorous, and it behoves shipmasters to keep a
bright'look out
It is reported that Guano has been discovered
on the small island called Pajoras, situated in the
lake in front of the city of Maracaibo. An
examination of it has led to its being pronounced
of superior quality, and its discovery is hailed as
quite a windfall for the unfortunate country.
As an instance for the great facilities for traffic
across the Isthmus of Panama, we may mention
that the steamship Illinois left New York on the
sth of March, with 800 passengers, three hundred
bags of United States mail matter, and two hun•
dred tons of express freight, besides parsengers'
baggage. This whole cargo arrived, and left
Aspinwall on the morning of the 18th March, and
was transported from the Atlantic to shipboard on
the Pacific in twelve hours. This fact shows the
advantage of the Panama route for the English
and Australian mails.

Accounts from Riga mention that the announce-
ment of the treaty of peace being signed, had
scarcely any effect in advancing the prices of tallow,
hemp, and wool, as previously quoted. The fact
is, the merchants had discounted the effects of
peace on the market before, and it was expected
by some that the advanced prices would not be
maintained. However, this was not the case, and
they were firm at 95 to 100 roubles for tallows of
ordinary quotations.

The quotation of gold at Paris is about 5 per
mille premium, and the Exchange on London at
short 25.37, making gold about 32 per cent dearer
in London than in Paris

The price of gold at Hamburg is 4263 per mark,
and the exchange on London at short 13 71,
Making gold 0.08 per cent. dearer in London than
in Hamburg.

The following are the Gazette average prices of
Muscavado Sugar, for the week ending April Bth,
1856, exclusive of Custom's duties payable thereon,
on the importation thereof into Great Britain :
From the West Indies; 265. 11d. per cwt ; from
the Mauritius, 265. Old. per cwt.; From the East
Indies, .255. 9d.; average price of the three fore-
going descriptions, 275. 214.
We have received the usual weekly circular of
Mr. W. Avens, from which we quote the following
report of the London Money Market for the
week :

The Money Market still retains a considerable degree of
stringency, owinn, to the demands upon it, arising from the
increased activity of trade, which is largely adding to the
bill circulation, and the payment on Wednesday of the
fourth instalment of the Five Million Loan, amrunting to
£750,000, besides that of 20 per cent. on the funding of
Exchequer bills, making altogether a sum of £1,350,000.
As there remains but one more instalment to he paid upon
each, amounting in the whole to £1,050,000, due on Thurs-
day week, the market will soon be relieved from this
pressure. What the further necessities of the Chancellor of
the Exchequer may compel him to ',^rr,:,,vr will not be
known for some time to come ; Le lowest estimate is
£5,000,000, the highest £20,000,000. These anticipations,
however, exercise no influence at present. The tightness of
the market has been most felt by those houses whose trade

has been affected by the fall in prices in consequence of the
return of peace. f:everal suspensions have already occurred
from this cause ; and uneasiness on this account is not yet
entirely dissipated. General trade, and manufacturing
production are, however, improving, and we have fewer
complaints of reduced profits, notwithstanding the continued
dearness of money, though during the last day or two
discounts have not been more readily obtainable than they
were a fortnight ago. The payment of the April dividends
now in progress may tend to make the general market easier,
though no abatement of rates is expected for the present.
On the whole, therefore, it may be stated that while there is
a very considerable degree of stringency and tightness in
respect to particular branches of commerce, the features of
the market are more promising for general trade, though
there is manifest distrust of every thing that is mere specu-
lative. On the Stock Exchange, money has been worth
7 per cent ; it is now lower, as short loans can be had
at from 6 to 64 per cent on Government securities.
Consols, which rather suddenly declined on Thursday from
93a to on some unfavourable rumours to 93a to A, have
been almost stationary at that price since, and business has
been unusually languid. The improvement which took
place in the value of Railway 'Shares upon the announce-
ment of peace, has been fairly maintained ; but transac-
tions have not been so numerous, attention having been
a good deal turned to Foreign lines and to some descriptions
of Miscellaneous Securities, which had previously remained
without notice for a long time. But in no case has the ,
flatness of the market from the absoce of business produced
anything like a serious reaction in prices ; while the
tendency, whenever any movement 11,13 been made, has
almost invariably been upwards. The Weekly raffic
Returns, though good, are scarcely so favourable. This is
always the case in the week or two fclloNving Easter or
any other period when there is a considerable movement of the
population. The important fact to bear in mind is that they
are all good at present prices ; though relatively not so good as
they have been. The French Lines, especially North erns and
Paris and Lyons have considerably improved ; and the
Belgian though occasionally fluctuating, maintain the, late
advance. The Indian lines are rather quieter ; and
guaranteed shares continue to be largely dealt in for per-
manent investment. A new Italian line with a guarant 9e
frrm the Austrian government, the shares of which are'
still unissued, has been largely dealt in at from 7 to 8
premium; a commercial line, projected in Russia, the
shares in which were announced on Wednesday, are at
from 1 to 2 prinsium. Foreign Securities have been
inactive. and all except Mexican have been partially
neglected. Last Saturday's prices are scarcely maintained.
Joint Stock Banks are firm, but with few transactions in
them. London and County have been dealt in at 341
being an improvement of £5 since Saturday, owing in a
great degree to the new blood just infused into the direction.
The premium upon Ottomans and Bank of Egypt is la to t
and 17,- to 764. Miscellaneous Shares have been more enquired
after.

To-day the market for Public Securities has been
steady, with no alteration of importance. Consols
opened at 931 exactly for the Account, and for a
temporary period there were buyers at 93; but
afterwards there was a reaction to 931 to s. An
arrival of gold from the United States, to the
amount of 117,0001. improved the tone, and there
was a recovery to 931 to I, and eventually the
nia,-I(et left off good at the same quotation. Busi-
ness why dull all day. The total arrivals of gold
during the week have been nearly 700,0001. Rail-
way Shares, p,:rticularly those in the heavy lines,
have been very g,:od. . The inclination is towards
a further rise, but h.. repressed by the dear-
ness of money. Th, market closed firm
.'
at our quotations. Prete:elle? Shares have
been in rather active demand fax' investment. The
Contangos on heavy Shares have, ,z)nstdenng the
aboutdearness of money, been light, averagt:.`s
per cent. Foreign Railways, in genera., are
unchanged ; if anything they are, with some excel:"
tions, a turn better.- The Colonial and Indian
lines are all good. The Russian Commercial line
is flat to 11 pm ; Lombardo Venetian G to 4 pm.
In the Foreign Market there has been little or no
movement. Turkish Six per Cents closed firm ;
and Mexican also at 221, to 23 for money. But
little has been done in Joint Stock Banks and
Miscellaneous Shares. Bank of Egypt 18 to 1-1- pm.
Ottoman 1 to 8 pm. Money has been in good
demand.

It is stated to-day, that the ratifications of the
treaty of peace will all have been exchanged by
Friday next ; that the new Russian loan will be
announced the week following ; that the Chancellor
of the Exchequer will require a loan to make up
the deficit on the financial year, of no less than
15,000,0001; and that his budget may not be
expected until the middle of May.

Thr, Vtirific to flily wovo otoadia, Mo furthor
decline has foil oned the unfavourable Bank return,
and prices closed at 93g- 931. The purchase by the
Bank this week, on the whole, of the gold, ex the
Red Jacket, must form an important set offagainst
the demand upon its metallic stock. There was,
again, a good general demand for money to-day.
The imports of the precious metals have been again
large. The exports, as officially reported, are
scarcely 65,0001. It is known, however, that the
chief shipments, for some weeks past, have been
those silently effected on government account,
and against the Turkish Loan. The Rail-
way Share Market was slightly flatter
to-day, and prices closed as follows :
Caledonian, 611611. Eastern Counties,lo 1-1610 3-16.
East Lancashire, 76 78. Great Northern, 94 942.
Ditto A, 78 79. Great Western, 64 641. Lan-
cashire and Yorkshire, 881 89. London and
North Western, 1011 1011. Manchester Shef-
field, and Lincolnshire, 281 29. Midland Stock, 741
741. North British, 34?,--, 35. South Eastern and
Dover, 721 731. York, Newcastle, and Berwick,
78 79. York and North Midland, 561 561.
In our impression of Saturday the results of the
Bank Returns for the week ending the sth April,
were erroneously stated. The following is
the accurate statement of the figures :
Notes issued, decrease 391,6901; bullion in
both departments, decrease 392,2281; rest, increase
12,1401; public deposits, decrease 828,4031; other
deposits, decrease 346,8011; seven days' and other
bills, decrease 8,2801. On the credit side govern
ment securities have decreased 431; other secu
rities, decrease 351,4581. Notes unemployed,
decrease, 819,305/. Actual circulation 19,444,805/,
increase, 427,615/.