The Northern Daily Times.
Liverpool, Merseyside, England, 1856-08-30 00:00:00

LIVERPOOL, SATURDAY.

a

versions, an office we never before heard ot—.e- stance will account in some measure for the trans,
what do they show ? The concern, Vi e are informed, mission of gold from this country to France.
LIVERPOOL, FRIDAY EVENING. The report of the Directors of the Caledonian
had been in existence just three years and 'i.ii . - .
\tusiness during the past week has been rather Railway Company has just been issued, and owing
months. The paid-up capital was unusually arid dull, owing, no doubt, to the fact that the weather to its very unfavourable contents much dissatis
unnecessarily large for a young office-12,50a has been unfavourable for harvest operations. The faction is expressed. The dividend is a paltry 55
Their expenses, including printing, stationery, Cotton Market, however, has been steady, and a share, or at the rate of 1 per cent. per annum, and
a ,
and holders have been enabled to maintain the reason given for such an inadequate return i 5
advertising, stamps, salaries; Commissions, the rates of the previous week. According that the working expenses have increased. At the
general expenses averaged 8,6181• per annum• to the circulars issued by the cotton brokers forthcoming meeting which it is contended is de-
These are formidable figures, but mark what that this afternoon, the trade during the week ferred till an unnecessary late period of the year,
expenditure has left after it. The policies inn- continued to purchase only to a moderate extent, much angry feeling will be manifested, especially
the market continues dull, but American, though as it is alleged that large speculative sales have
ning when the Trafalgar transferred its business •
freely offered, is tolerably steady at the quotations lately been made by parties who must have been
to the Unity General Office had reached of Friday last. Brazil has been in fair request, in possession of the in.elligence which is
in
;
597,2501. This large amount of business was and is also without change. Egyptian burnt s
given to the shareholders in the report. It is of
obtained in three years and ten months, by an for sale is irregular and lower; Surat is still course inexpedient to give publicity to all th.e
expenditure of 32,779/. The liabilities of the enquired for, and commands full prices. Specu- charges which disappointed parties may bring
.: lators have taken 3,960 American, 600 Pernam, and against the directors,
but they have certainly
concern had, in the mean time, increased to :-.,,e0 Surat; and there are reported for export, much to explairi. It can hardly be thought- pro--
84,029/, while its assets only amounted to 82,2694 3,070 American, 3.00 Pernatn, 40 Egytian, 50 Bahia, bable, after the strictures which were
,pass7al on
leaving ~ a balance of loss," of 1,760/. Such a corn- SO West India; and 4,030 Surat. The market to- the Eastern Counties and other railway directors
day is dull, but prices remain unchanged. Sales a few months ago, that another instance of mis-
paratively small sum would scarcely have been
8 000 bales, of which 2,500 are reported for management is about to be 'discovered.
considered " a loss," in so large an undertaking '
export and on speculation. We learn by A new line of Brazil steamers is about to he ,
by a spirited directory and proprietarY, More, the circulars issued this afternoon, that the started. They are auxiliary screws of 700 tons
particularly where the company had paid a dividend transactions in Sugar were rather limited in and 80 horse power, and one is to leave South
of 71- per cent. The income arising from their character, and prices favour the buyer. Coffee has ampton for Bahia and Ili° on. the 23rd of eveil
met a fair enquiry, but Cocoa is slow of sale. The month. The names of the vessels are the Celt;
policies could not have been less than 20,000/ per
transactions in Tea are rather limited, but prices the Dane, and the Norman, and a fourth is in
annum, and, assuming that their liabilities were are well maintained. Dyewoods are in fair course of construction. The Norman is to sail 011
spread over 25 years, no great harm could have request at about late rates. The enquiry for Oils the 23rd of September.
been done, when We allow for the operation of is steady, and Tallow is in fair request at full prices.
A large business has been concluded in Tallow
compound interest, and all other profits of insur-
dutin/ the present week, chiefly in P Y.C. at 54s
ance business, even supposing that no furthe r to Ols 6d per cwt., and South American at 51s to
increase of income could be relied upon. 55s 6d. per cwt. The London Market keeps
This office had, in fact, arrived at a point when steady on the spot, at 53s 9d per cwt., but for the
last three months there are now sellers. at 51s per
no danger was to be apprehended. This is
cwt. The half-week delivery is 1,263 casks
proved by the avidity with which their business against 1,371 casks last year, and the stock is now
is taken up by another association, who gave 8,916 casks againstShar2 38,e
02 in 1855.
The Liverpool Market has been steady

HOggag:a.

MONETARY AND COMMERCIAL.

PRINCE ALBERT'S BI RTHD..A

RYDE, AUGUST 27.—Tuesday was one of the finest
days that we have known for some time past, and
the
S dent seemed dressed for the occasion. Prince Albert's
birthday sent all the colours mast high, and the waters
were ,tovered with gaiety and life. The band of the 22nd•
at Hasler, went over in the afternoon to Ryde, and
played with immense animation until sunset. The pier
was crowded by beau!y and fashion, and whoever feele
pleasure in old costumes, should have been there, for the
hats and mantles of the ladies made one fancy them onll
I just stepped out from the, frames of Hampton-court. ON
those bewitching bats, so coquettishly turned at the
sides, with the curled feathers, and the bugle
decorated,decor
veils, looking like the half masks of Venice, OP)
wil
you not have to answer for ? We warn all our
e
readers from Ryde pier, for when Benedick said
1.1
should die a bachelor he never thought he should like to.
be married, and certes the bright eyes of so maul
Beatrices beamed on us from beneath those terrible bits'
that we consider it our duty to hold out this most seriouS
LI warning.

t forth by the

51011 pI

them, according to the
Daily News, 27,0001. for the transfer. This sum,
set off against the Trafalgar's reputed "loss" of
1,7601., left the shareholders 25,2401. to divide,
after they had received 7 per cent. on the capital
paid up. So much for the disasters of the Trafal-
gar Insurance office, and now let us turn to the
misfortunes of the Royal Insurance Company.
This and all its kindred associations of modern
growth aro thus introluced by our London cotem
porary to public notice :—" It is very true that
there are companies that rival the Unity in the

active

but by no MOW:, prieos,
faVour the buyer. The following are the l,
rates :—Aberdeen, 131 131. Chester and Biatk rk-
enhead, 151 162. Caledonian, 261 261. Chester
and Holyhead, 17 171. Eastern Counties, Oa 01
East Lancashire, 201 201. Great Northern, 24
xd 241. Do. A, 101 101. Great Western, 641 xd
641 Lancashire and Yorkshire Stock, 98 981.
Liverpool, Crosby. and Southport, 18'1 181
. Lon-
-0
don and North Western Stock, 141 xd 105.
Manchester, Sheffield, and Lincolnshire, 31i
Midland Stock, 811 xd RI. North British, 91 4.
North Staffordshire, 41 40. South Eastern and
Dover, 221 22 7-16. York, Newcastle, and Berwick,
20 9-16 xd 20 11-16. York and North Midland,
29 xd 291. Leeds Capital Stock, 171 18. Buffalo
and Lake Huron, Id par. Dutch Rhenish,
2 3-16 p. Great Western of Canada, 25 3-Great
2L
5-16. Ditto New Shares, 2a. 2 11-16 p.
Luxembourg, 91 9-ad.
The weather has again exercised a very impor-
tant effect upon the operations of the Grain trade.
At our market to-day, the transactions were not
only limited, but prices receding. Our Wakefield
report states that Wheat and Flour are not only
slow of sale, but prices were in favour of the

ratio of the expenditure to the receipts ; or per-
" haps we may say there were, for they are rapidly
" finding their way to the winding-up Gehenna ;
" but the first pages of the Registrar's return
" contain the accounts of a company in a similar
" position to that of the Unity, and not of many
" years' longer standing, viz., the Royal Insurance
" Company." How far the press of a commercial
country is justified in resorting to such Hue-and-
Cry announcements, we leave our readers to decide.
Few will be found to deny that the bold scribes
who venture to make them ought to be able to
support their assertions and prophecies by an array
of facts which would remove all doubt as to their

buyers.
The funds remain rather dull, and the slight
decline which was established after regular hours
yesterday has not been quite recovered. Consols
for the 10th September stood during the greatr
part of the day at 051 to 1, and are now quoted 0
51. 951
exactly. For money the present price is
The three per Cents. Reduced have been
dealt in at 951 to -„ ; the New Three per
Cents. at 95Z- to 96 ; Bank Stock at 210 to i ;
Exchequer Bills at lls. to 14s. prem. ; Exchequer
Bonds at 1001 to --; and India Bonds at 15s peon
Turkish Six per Cents. are a trifle better at 103-a-
-to ,-1. for the new account. The Guaranteed Four
per Cents. are quoted 103.1 to 4, for the 16th Sept.
Other foreign securities are very quiet, the sales
being limited to Dutch Two•and-a-Half per Cents.,
652 (exch. 12f1.) ' • ditto Four per Cent. Certificates
at 981 Russian Five per Cents.Sardinian
at 91, to 921; and Spanish Old Three per Cents.,
at 411.
In the London Share Market a moderate busi-
ness has been doing at rather lower rates. Most
of the leading lines are now quoted ex dividend.
Caledonian have declined to 521. Eastern Coun-
ties, 94 9,;5-,. Great Northern, 96 961. Great
Western, 61 ex div. Lancashire and Yorkshire,
S. Brighton. 106 100 A. North Western, 1041
105 ex div. South Western, 107. Mid Jana, bl 4.
812 ex div. North British, 37i. North Eastern
York. SSI ex div ; and Stockton and Darlington, 36i.
In the Foreign and Colonial lines very little
business has been done, and prices have ex
hibited no material change. Great Western of
Canada are 251 251. Dutch Rhenish 141 141
Madras, 211; and Paris and Lyons, 511
Joint Stock Bank Shares rule very flat. Bank
of London, 69. Oriental Bank, 40 401. Ottoman
Bank, 91 4 ; and Royal British, 301 31.
The Bank Returns for the week ending August
23, issued this evening, show a slight increase in
the stock of bullion, amounting to .19,868. At the
above date, the total amount of bullion was
£12,435,756. The following is the Gazetted
return :

correctness.
The truths disclosed by the Daily News with
regard to the Royal Insurance Company are some-
what more brief than its accusations. It says—
We find that in four years the fees and salaries
amounted to 4,680/., the commissions to 2,8401.,
and the general expenses to 4,1001, while the
premiums received were 77,6001., the receipts for
" the last year being 25,4001., the general expendi,
ture, exclusive of life losses, 3,5001. In short, the
1 expenses of that company during four years
amounted to 12,6291. ; those of the Trafalgar
" Unity, after having been established about three
" years, amounted in 21 months to 20,000/. The
" fact needs no comment." Such statements cer
tainly do not need comment. A company whose ex
penditure for four years only averaged 3,157/. 10s.
per annum, and whose income had reached 25,000/. a
year, while they hold a balance of their prnminni
receipts of 64,971/. This was the reserve this com-
pany possessed after deducting 12,6291. for expenses
of four years' management. What, then, is meant by
dragging the affairs of these provident institutions
before the world ? All that our cotemporaries and
we have said does not, however, prove anything
for or against the companies in question. They
have all been successful in raising large incomes,
and every body can see that they have spent large
sums of money, and without we go into the whole of
the schemes on which they rely for future prosperity,
nu one can pretend to give the public a reliable
opinion as to whether they are or are not worthy
of the popularity they seek. The old companies
are evidently at the bottom of the London agitation,
' but they had better take heed of the danger of a
prolonged and angry discussion of the subject of
life insurance. For ourselves, we dislike throwing
stones in the neighbourhood of glass-houses.

ISSUE DEPARTMENT.
Debit. Credit.
Notes issued .. £26,226,795 Government
Debt
Other securities 3,459,900
Gold Coin and

11,751,795

Total .... £26,226,795

£26,226,795

Loss OF THE SUBMARINE TELEGRAPH.—The submarine
telegraph, sent out in the Dutchman (screw steamer), to
Cagliari, to be laid down from thence to the African
coast, has been lost in a heavy gale off Galita.

BANKING DEPARTMENT.
Credit.
Government 5e-
£14,553,970 curities £12,062,022
3,416,323 Other securities 14,562,330
4,721,846 Notes 6,287,650
10,020,859 Gold and silver

Debit.
Proprietors' ca-
pital ......
Rest ......

NEW BANK AT TRIESTE.—A letter from Trieste, in the
Augsburg Gazette, states that steps have been taken to
establish a bank there, with a capital of ten millions of
florins, divided into 20,000 shares of 500 florins each.
(The florin is 2f. 50c.

Public deposits
Other /
Seven day, and
other bills..

683,961

882,965 1

Total .... £38,595,963 Total . £33,595,963
The foregoing Bank Returns show the following
result when compared with those of the previous
week :—Notes issued, decrease, 42,7851. Bullion
in both departments has decreased to the extent
of 25,9681. There is also a decrease in the Rest
amounting to 42,3671, and an increase in Public
Securities reaching to 53,628 i. In Seven Day
Bills the decrease extends to the amount of
8,4471.
The latest Foreign Exchanges are thus quoted—
Amsterdam, short, 11 16 to 11 17. Do three months,
11 19 to 11 191. Rotterdam, do., 11 19 to 11 191
Antwerp, do., 25 421 to 25 50. Brussels, do., 25 421
to 25 50. Hamburg, do., 13 8 to 13 81. Paris,
short, 25 271 to 25 35. Do., three months, 25
60 to 25 65. Marseilles, do., 25 621 to 25 67
Frankfort. do , 1101 to 120. Vienna, do.. 10 21 to
10 22. Trieste, do., It) 22 to 10 24. Petersburg,
do., 37-1 371. Madrid, do., 49a- to 401.
The bar silver ex the Parana was sold yesterday
for the East at ss. Id, per oz. standard, being the
same price as was realised for the previous arrival.
Vic dollars by this vessel have not yet been sold.
The China exchanges being reported rather higher,
ae demand for dollars for that quarter is not likely

TIIE ROYAL VISIT TO THE `NEST.—Her Majesty the
Queen, hearing on her late visit to Devonport that several
hundred pounds were still required for the completion of
the new church, in course of being built by the Rev. G.
W. Proctor, for the families of sailors, marines, soldiers,
and dockyard artificers and labourers who reside in the
district of St. Stephen, its that town, was graciously
pleased to send .elOO as a contribution.

Loss OF THE Isis.—By advises from Constantinople,
dated the 18th inst., we learn that the barque Isis, from
Liverpool, with a general cargo, ran on shore on the
reef off the Rabbit Islands, on the 4th of August. A
strong northerly
,wind setting in immediately aftei-
wards, she was drivcn heavily against tho roof, and coon
filled. Portions of the cargo have been taken off and
carried to the Dardanelles.

to slacken.
At Vienna the exchange on London, after remain-
ing almost stationary during a lengthened period,
has advanced to 10.05.
The Admiralty have accepted the undermentioned
ships for the conveyance of stores, viz., the Con•
servative, for Algoa Bay; Coral Queen, for Cape
Town ; Venelia, for Corfu ; Elizabeth, for Gambia ;
Peninsula, for Gibraltar; Voltigeur, for Halifax;
Robert Passenger, for Hong Kong; Grecian, for
Jamaica ; Thomas Blyth, for the Mauritius ; and
the Conservative for Simon's Town. The Minna
has also been accepted for the conveyance of troops
to Malta.
The East India Company will receive tenders on
the 3d September for the conveyance of stores from
England to Bombay and Calcutta.
The seventh interest coupons of the Dutch
Rhenish Railway Company's loan of 2,40),000f1 are
duly advertised for payment.
The Paris journals contain a statement made by
M. Poisait to the Governor of the Bank of France,
to the effect that a large business is at present car-
ried on in the export of 5-franc pieces, which are
now saleable at a premium of 3 to 10 centimes each,
the particulars of which are as follows :-Ist, a bag
of I,ooof of the present Emperor is worth 1,005 f ;
2nd, a ditto of Charles Xth, I,olof ; 3rd, a ditto of
Napoleon Ist or Louis XVIII., 1,020 f. These find
their way to London, and it is believed that the
greater portion of the silver shipped for India by
the Pera, consisted of 5-franc pieces. This circum-