The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-20 00:00:00

MONETARY AND COMMERCIAL,

The steam-ship Canada arrived here yesterday
morning, bringing New York advices of the 7th,
which state that the cotton trade in that city had
a very firm aspect, and holders were looking for
rather more money. At New Orleans cotton
advanced on the 7th instant ic , the market having
a very stiff tendency. The market here was rather
active on Saturday, and sellers had the advantage
in price. The sales reached 15,000 bales, of which
fully one half that quantity was taken by exporters
and speculators. The cotton statistics published
in the New York Shipping List of the Bth instant,
show the following results :

COTTON STATEMENT.

1 Receipts. Exports to I Total
Great ' Exports to Stock and on
Britain.
Foreign Shipboard.
Ports.

1855-6 123,114 10,223 14,341 96,414
1854-51 190,049 60,44'2 74,707 210,579

60,366 I

114,165

The Money Market does not possess any new
feature. There is still great stringency in obtaining
discounts, and extreme rates are charged for the
purest paper of even short date. The demand for
money continues active, and it is not likely, even
under the most favourable circumstances, that any
immediate relief will be experienced. Hopes are
entertained that the specie arrivals will supply the
export demand, and prevent a further decline in
the banks' stock of bullion.

During the week the imports of specie have been by
the Asia, from America, 950,695 dols., or 190,0001;
the Ravensbourne, from Antwerp, 38 bags of
bullion ; the Tyne, from the Brazils, 5001; the
Indus, from Alexandria, &c., 6,4001; the Champion
of the Seas, from Australia, 92,037 ozs. of gold, or
368,1001; Star of Peace, from Sydney, 212 ozs of
gold, or 8401; the Panther, from Boulogne, one case
of silver bullion; the Kangaroo, from America,
5,000 dols.; the Godeffroy, from Caldera, 1,928
bags silver ore; the Baron Osy, from Antwerp,
46 pkgs of bullion ; the Vesta, from Oporto, one
case of silver coin—making a total of about
784,9361.

Tho exports in the same period have been large
viz., about 536,0001, which have consisted of
502,091/ to the East, by the Indus; 16,3061 to the
Peninsula, by the Eugene ; 1,2001 to the West
Indies, by the Atrato ; and 16,4121 to the Conti-
nent through the London Custom House, besides
private shipments, of which no return is pro-
curable.

There was a rather better feeling in the London
Consol Market on Saturday, inasmuch as the Bank
of England Return did not present such an unfa
vourable aspect at was. expected. Besides this,
persons are beginning to understand the situation
of monetary affairs more accurately, and view with
due calmness the circumstances which have
affected them. Consequently, opinions are more
sanguine, and speculative purchases are made,
which, together with those still actively effected by
the public for investment, have imparted an
improved if not a buoyant tone to the Consol
market. The quotations for transfer this morning
were 9l ti -7-. , and they were maintained throughout
with much firmness. For the Account, Nov. 6,
they were 9171 to 92k, closing officially at 91-1 92.
Late in the day, after the termination of the recog-
nised hours, they were 92, but not firm at that
point. Exchequer Bills were is higher, viz., ls to
55 prem. ; the Bonds were 982 4 and the East
India Bonds 8s prem. The New Three per Cents
were 91-4. 1, the Reduced 90a 1-, although at one
period 90.,-; Z-, the Long Annuities 21-, 15-16, and the
Thirty Years Annuities (1885) 18.
The subjoined table shows the fluctuations of
Consols during the week :
Lowest Highest Closing
prices, prices. prices.
Monday Money . • 91a 92 91,§-,
Account .. 92 92Z- 92
Tuesday Money .. 912 91i 91A
Account .. 911 92A 912- 4.
Wednesday Money .. 91— 91-1
. 91
Account .. 9114, 91-1- 91*
Thursday Money .. 91-t, 91f, 911
Accoant .. • 91g- 924 91,-4
__

Friday . Money .. 904 9171- 915
Account .. 914- 991
91!
Saturday Money .. 921 91z 92
Account .. 917 918 91-4

In the London Share Market, on Saturday, the
transactions were unimportant, but the tendency of
prices was towards improvement. Caledonian rose
, Edinburgh, Perth, and Dundee -t to I Great
Northern t, Lancashire and Yorkshire -I, Midland I'
Norfolk f, to 1, North British 1, North Eastern
(Berwick) to 1, and ditto (York) 9to 1. In some
of the foreign lines the dealings were more nume-
rous. Northern of France have attracted some
attention, and rather fuller prices were realised.
Sambre and Meus, West Flanders, ruled firmer.
The Pernambuco were marked 51, and the Maria
Antonia 54. In the East Indian lines the changes
were not very important, and the Canadian in most
ins+ances slightly advanced.
In the Liverpool Share Market there was a con-
siderable extent of business transacted in some of
the heavy stocks, and at generally improved rates.
On Saturday the day's sales comprised :—Caledo-
nian, 278 ; Lancashire and Yorkshire, 941-0 Q. I, 1,
; London and North Western Stock, 1001, 8., 1,
ll' ,-74 •; Manchester, Sheffield, and Lincoln, 31.1;
Midland Stock, 75i, ; North Stafford, 6, id ;
•
South Eastern, 204, e, ; Dutch Rhenish, jp ; Great
Western of Canada, 224. The market closed with
a firm feeling, at the subjoined prices :
Aberdeen, 138 137-3. Chester and Birkenhead, 15i
15t. Caledonian, 27 27k. Chester and Holyhead,
151 16a. Eastern Counties, 8 15-16 9 1-16. East
Lancashire, 191 20. Great Northern, 23-g 23:
Ditto A, 10 101. Great Western, 631 64. Lanca-
shire and Yorkshire Stock, 941 948. Liverpool,
Crosby, and Southport, 18t 18g. London and
North Western Stock, 1001 1008. Manchester,
Sheffield, and Lincoln, 314 311. Midland Stock,
751 76. North British, 9 91. North Staffordshire,
51, 56d. South Eastern, 20 3-16 204. York, New-
castle, and Berwick, 198 19g. York and North
Midland, 27.1 27t. Leeds Capital Stock, 17 174
Buffalo and Lake Huron, I -Id. Dutch Rhenish,
11-16 13-10 p. Great Western of Canada, 22.5-16 22k.
New Ditto Shares, l 4 Lip. Great Luxembourg, 118
The state of trade in the manufacturing districts
does not present any new or marked feature. The
Woollen trade, at Leeds, has assumed a very
quiet
aspect, and but few purchases have been made
during the last week. Business in the warehouses
has been unusually dull for the season, and the
only transactions entered into are for goods for
immediate consumption. At Bradford considerable
dullness prevailed, and much caution was mani-
fested by purchasers. There was a rather nume-
rous attendance of buyers, but the business done
was very limited. Most qualities of Wools
continued firm, and the piece trade ruled dull,
prices being too low to remunerate spinners. At
Halifax trade was very quiet, with no alteration in
prices to notice. In the piece trade no change
whatever had taken place. At Manchester there
has been rather more enquiry for printing cloths, but
business generally ruled inactive, the high price of
money having exercised a prejudicial influence on
the market. Yarns remained quiet. Purchasers
for exportation have been very cautious in their
operations, not supplying themselves with more
than sufficient for immediate requirements. At
Leicester the orders arriving continue of a general
character, still they are not of the usual magni-
tude, and indicate great caution as to the amount
of purchases. Wools and yarns remain at last
quotations. The Nottingham lace trade continues
in a healthy state, and a very fair
.amount of busi-
ness is passing. Brown nets are in good reuest,
and orders are expected for fancy goo.ds. Several
transactions have taken place for winter hosiery
the business
trade, and further orders are expected
.in the
course of a few days. Altogether, considering. the
present state of the monetary affairs,
doing is considered highly satisfactory.
We have New York advices of the Bth inst.
Business affairs in that city were then quiet, and
without much, if any, change from those pre-
viously reported. The Money Market was steady,
and Exchange on London had rather an upward
tendency, the rate being 109 to 109!. The general
rate was 1094. Cottonlwas in active demand at
p
advancing prices. Breadstuffs and Provisions were
held at about former prices, and Freights are
reported steady. The New York Bank statement
for the week ending October 6, shows that the fears
I of some of the city financiers had got the better of
1 their judgment. The decline in loans, compared
with the previous week, is a little over one million;
while there is a slight increase in the other items. i