The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-13 00:00:00

for public men, which must be taken to entitle
any member to be considered one of the Conserva-
tive party. That test is to be the withdrawal of
the Maynooth Grant. The formal repudiation of LIVERPOOL, SATURDAY EVENING.
Saturday's
a solemn public compact and settlement is truly The Bank Returns published in
well chosen as a proof of soundness in the Conser- NORTHERN TIMES, are of a very unsatisfactory
vative faith. However, that is the test Major Beres- character, exhibiting, as they do, a decrease in the
ford wishes the Conservatives to require of their amount of bullion, to the extent of nearly a
leaders. Of course he is prepared for the elimination million sterling, viz., 985,1151, and an increase of
which woul_'', necessarily follow. He must contem-
notes, payable on demand, to the amount of
701,9251, leaving the notes unemployed to be
plate ':lne expulsion from the Conservative ranks of
lessened to the extent of 1,604,1201. The increase
Lord Derby, Mr. Disraeli, Sir J. Pakington, Mr. Wal-
in other securities reaches the sum of 1,966,0801,
pole, indeed, all the brains of the party, all the men
and proves that the Directors of the Bank did not
who, having felt the responsibilities of office, have take the step of raising their rates for discount,
acknowledged the impossibility of interfering with
one moment too soon, if they were satisfied that
a settlement to which the national good faith is such a step would assist in promoting the object
pledged. With the leaders would go not a few of which they are so anxious to attain, namely,
the independent country members, men who, that of keeping their vaults well stocked with
although steady in their Conservatism, would not bullion.
join a factious opposition to a Government under The imports of specie during the week amounted
which all interests in the country are flourishing,
to 351,0001, besides two packages of bullion from
and at a time when no agitation can be excited
Antwerp. The foregoing amount includes 156,000/,
in favour of any political changes, because
per the Arabia, from Boston ; 184,0001 per the
the people are too busy in the enjoyment of
Atlantic, from New York ; and 12,0001 from Africa,
their prosperity. Those men would not
per the Candace. To this might be added small
follow the Spooners and the Beresfords in
sums from other quarters.
their crusade against Maynooth. And how many
The official return of the exports of bullion from
of the members, who, for the sake of conciliating
the port of London for the week ending Thursday
some insignificant but fussy section, of their sup last is as follows :-
porters, now join in Mr. Spooner s annual but Gold coin
fruitless majority, because they know it will be
Hamburg .... 6,000 ozs, and 7001.
f 9
fruitless, would hesitate and fall off if there existed 5,
Bolougne .... 180 ozs.
I,
the slightest chance of the leaders of the move- „ Bars
ment being called upon to assume office upon ff „
an anti-Maynooth programme. Major Beres Silver coin Rotterdam ..40,000 ozs.
ford cannot expect, after the wholesale ostracis- 1, ~
ing of his former leaders, to make up not 0 ff
only for that loss, but to convert the „ Bars
Derby minority into a Beresford and Spooner ~ 0
majority, on a general election. 'W. B.
ff )7
According to this, the total amount of exported
knows pretty well how great an effort was made
specie was 190,192/. These are independent of
by the Derby Government, with all the influence
large remittances to France, by private hands,
that the possession of power gives legitimately,
and with the use of some means that were anything which are estimated at 800,0001.
To-day the market for Public Securities has
but legitimate, to gain a majority in 1852. The
been buoyant, showing that the unfavourable Bank
result was a minority, respectable, certainly, in
of England return must have been fully " dis-
numbers, so long as something of cohesion existed
counted." Perhaps the increased firmness of the
amongst them. But what kind of following does
Paris Bourse assisted the upward movement ; but
the Major hope to gain from a general election, for
the market during the last two days has received
a policy of which the be-all and end-all is to repeal
much support from purchases for investment. The
the Maynooth Grant ?" public are still tempted to purchase at the present
Mr. Reynolds, of St. George's Hall Saturday
low quotations, in the expectation of an early
Evening Concerts-like another eminent personage
recovery in financial affairs at Paris. Beyond the
of the same name-bids fair to be a great man,
present pressure in this country, which, it is
and that, too, in Liverpool. And why ? Because
thought, is merely of a transient character, there is
he has done for millions what parties aspiring to
nothing to justify a low range of prices, seeing that
greater powers of purse and intellect have never
the commercial prosperity of the country is
attempted-the opening of St. George's Hall on
indisputable, and that tne revenue is highly
the Saturday evening to the careworn sons of toil.
favourable. Neither is there anything in political
The Second Concert has passed off, and, like its
affairs which can give rise to the slightest appre-
forerunner, proved most satisfactory. A crowded
hension, notwithstanding the Italian question and
house demonstrated that Mr. Reynolds had given
its numerous complications. This was the first
general satisfaction at the Inauguration Concert;
private transfer day for the New Three per Cents
and if all we hear, including the critique of our
and the Reduced Annuities, and it was observed
musical reporter, elsewhere inserted, be true, that sales of these have been effected to enable
we are certain that, like the beneficial purchases of Consols. The Stock Exchange,
result of Free Trade, the concerts for the million are owing to the re-opening of the books for these
now " a great fact." We are sorry to see that any investments, was not closed until an hour later
cause of annoyance or complaint should exist, as
than usual, viz., till three o'clock. Consols for
to the conduct of any party connected with these transfer opened at 911 1-, but improved to and
concerts. Mr. Gaskell has written to us respecting
closed at 92 to 924. The account prices were 92
his daughter's absence. No doubt Mr. Reynolds, to 9n, then 92l 1, and finally 921. Exchequer
smarting under the disappointment of Miss Gas-
kell's absence, felt most acutely, and expressed Bills- were dull at 4a to 8s premium, and the
himself rather strongly, In justice to all parties Bonds at 9834. The New Three per Cents were
the Reduced 901 to 91,
we give Mr. Gaskell's letter, which no doubt Mr. 911, 1, L, the Long
Re ynolds will, should he think necessary, explain
Annuities 2 3-16, and the Thirty Years' Annuities,
1855, 18 to 181. Bank Stock was 2111.
in due time. The Liverpool Share Market to-day opened with
Independent of the intelligence in our Paris
steadiness, and afterwards improved. Business
correspondent's letter, we learn, that at that city closed firm at the best point of the day. The
the utmost reserve about Neapolitan affairs is now Market closed at the following rates :-Aberdeen,
the order of the day in the diplomatic world, as if 13d 131. Chester and Birkenhead, 159 151.
higher personages were settling the difficulty. We Caledonian, 27 xd 271. Chester and Holy-
have heard, though we cannot say it is correct, that head, 151 16-1. Eastern Counties, 8 15.46 9. East
the Neapolitan Cabinet has offered to withdraw Lancashire, 20 20k. Great Northern, 231 23i. Do. A,
insulting expressions in certain despatches which 10 101. Great Western, 64 64k. Lancashire and
have been sent to London and Paris. We can only I Yorkshire Stock, 9477 9477. Liverpool, Crosby, and
conclude some very strong reasons must exist for Southport, 1.81 181. London and North Western
the present stagnation, and people here begin Stock, 1001 101. Manchester, Sheffield, and Lin-
to say, " France will de nothing, and coin, 31i 32. Midland Stock, 76 761. Northßritish,
England will help her." We cannot believe 9 9i. North Staffordshire, 51 577 d. South Eastern
that this assertion will prove correct. Our and Dover, 20 9-16 20 11-16. York, Newcastle, and
Naples correspondent, of the 6th inst., remarks :- Berwick, 101 20. York and North Midland, 27772.7 a.
" I believe that I can state pretty positively what Leeds Capital Stock, 171 178. Buffalo and Lake
will be the measures adopted by government in the Huron, 1 4-d. Dutch Rhenish, 1 lip. Great
event of the arrival of the allied fleets. The Western of Canada, 21-1,- xd 22. Do. new shares,
Director of the Interior and Police, well knowing ixd lap. Great Luxembourg, 112 11!d.
what the public spirit is, has informed his superior The following list shows the fluctuations in COB-
that, with the police force only, it would be hives-, sols during the past week
sible for him to suppress the manifestations of
popular joy. It has, then, been resolved to place
the city in a state of siege immediateiy that the
fleet heaves in view. • It is said that the decree is
already drawn up. The commandant of the city
has already been changed, and in place of General
Gaeta has been substituted General Lanza, who
participated with General Filangieri in the reduc-
tion of Sicily, in the repression of the insurrection
of Calabria in 1848, and in the campaign in the
Roman States against Garibaldi."
We hear that the Austrian occupation of the
Danubian Principalities is causing very serious
annoyance to France and England. The term for
the complete evacuation of those provinces was,
according to treaty, the lst of the present month ;
yet they not only show no sign of fulfilling their
engagements, but are actually making preparations
for a winter's occupation at least. It is said that
the French Government is most anxious for the
meeting of the Congress to settle the Bessarabian
frontier question, as well as the other points,which
the Austrians allege as a pretext for continuing
their occupation. Notes have already been ex-
changed, and the ministerial papers will soon be
authorised to discuss the matter more strongly
than has been permitted when Austria was in

Lowest Highest Closing
prices. prices. prices.
914 92?-1- 914.
921 92a 921
- . L'

Monday

.Money

Account
Tuesday Money
Account
Wednesday Money

• 904,
• 91t
Account ..
Thursday —.Money .. 914
Account .. 91a
Money .. 914
Account .. 92
—Money .. 'O2
Account 92

Friday .

Saturday

To-day there has not been much activity in the
Railway Share Market, but rather more firmness
has been apparent, owing to the buoyancy of the
Funds. Edinburgh, Perth, and Dundee advanced
;
to 1, and North Eastern and Berwick but
most of the other lines were not quoted at higher
prices, in consequence of the paucity of dealing.
From this cause several of the principal shares
were almost at nominal values. The French and
Belgian were rather firmer; Sambre and Meuse
rose I, Paris and Lyons also f, Lombardo-Venetian
t, Great Luxembourg -I, and Antwerp and Rotter
dam to 1; East Indian and Canadian also
realised fuller quotations. Madras Guaranteed,
Great Indian Peninsular, East Indian, Grand
Trunk of Canada, and Great Western of Canada,
were all at a small advance.
The Leeds Mercury states that there had been
only a limited number of buyers in the town during
the week, and the general aspect of trade was very
quiet. A steady business had been done in most
of the warehouses, principally for the country trade,
but for export the transactions entered into were
very limited, and only for immediate requirements.
At Bradford clothing wools were firm, and a fair
trade continued to be done in yarns for export at
full prices. The piece trade presented but little
alteration, and business generally was restricted.
At Halifax the dealings have been very dull, and
spinners have been cautious in making purchases
of long wool, prices, however, have not receded.
Piece goods have also been dull of sale. At Man-
chester the market has somewhat recovered from
its late depressed state. owing to the late advance
in the rate of discount. In yarns, however, spinners
still continue anxious to sell, but defer making any
concession in prices. The linen tradeM of
st Baofrnsley
has experienced but little alteration. o the
bleach crofts in the neighbourhood are fully em,

uestion

ployed.
The Mining Journal thus writes :—We generally
expect to find that a disturbed state of the money
market, increased rates of discount, and wayspen-
hensions for the future, which are a
gendered in timid minds by such circumstances,
eculative property.
will have their effect upon sp
In times when they occur, Mining Shares, without
some good discovery to cause an excitement in
them, or unless from some other circumstance, a
demand for them is kept up, are pressed upon the
market without finding buyers, and the price con-
sequently recedes, for intending purchasers
naturally hold off, in the expectation of a further
reduction in price. This week, however, con-
sidering how stocks have fallen, and the demand
there has been for money, the mining market has
been better supported than we expected. There
has been a good demand for West Basset at 129 to
32, Mary Ann 37 to 38, South Caradon 0
Trelawny 20 to 21. Great Baddern, in consequence
of a considerable improvement in the mine,
advanced from 1 to 11, and in request ; Great
South Tolgus 111, and sought after; Wheal Wrey
8, Devon Consols 405, West Frances 21 to 22,
Great Alfred Shares have been largely dealt in, at
firmer prices, from 9i to 10, 101, 11, leaving off at
11 to 111. Lion shares have declined to 2, Wheal
Margery 35! to 361, Wheal Edward Shares have
been in request, and done as high as 2-7
8, Ludcott
1k to West Par
Consols have advanced from 5s to 10s, lls 6d, 12s
i, Kitty (Lelant) 101, to 10-1.
6d. Calstock Consols have also advanced from 2
to 3, and in great demand ; Condurrow enquired
after, at 140 to 150.
The affairs of the Royal British Bank are likely
to be involved in extensive litigation, and the
prospects for the depositors are more unfavourable.
Although the preliminary proceedings of the wind-