The Northern Daily Times.
Liverpool, Merseyside, England, 1856-07-14 00:00:00

ANT) COMMERCIAL

be denied that there was a heavy drain of gold

mon a

This is

ced` thr

proved by the fret th•tt whilst the discounts were
increased 3,539,000/., the addition made in the note
issues only reached 80-1,000/. Metallic money
must, therefore, have been more in demand, and,

probably, for export, as there was a profit on the
shipment of gold to this country, and that its

likely enough, but not to the

efflux will continue is

same extent, as the withdrawal of the army from
the Crimea will relieve the country vastly.
The war has, however, created a fixed drain
which must be provided for. Dividends must be
paid on the large amount of French Stock held in
foreign countries. The present policy of France
will admit of no material reduction in her army,
navy, and gen'ral expenditure. She has started
on a brilliant and glorious career, and the cost of

renown, the expenses of grandeur, our expe-
rience has shown can only be drawn
from the busy hives of industry, and the

activity of commerce. Great Britain
would have been the footstool of Europe by this
time if we had not made this discovery at one of

endless

THE NORTHERN TIMES.---LIVERPOOL, MONDAY.

occurred during the last twelve months, that v.
exchanges between this country and France have
, tavourable to England, France has been iinport in,f I:,rg,
.IvERPOOL, SATURDAY EVENING. quantities of gold from this side of the water ; and it
The Liverpool Cotton Market has been quiet , sometimes happens that this operation is going on in
to-day, but prices have ruled steady. The sales conjunction with the unfavou
the -able k
of state of
up the
amount to 6,000 bales, and include 1,500 on exchanges. The returns of Ban France ro
d for export. Thursday last show that considerable purchases of the
speculation an precious metals have been made during the month by
The Liverpool Share Market has not been very that establishment, though not to the extent of the previous
active, but there has been a slightly improved month, and yet there is a diminution of £2,172,373 in the
feeling, and prices closed steady, at the following amount of specie in reserve, of which £1,116,133
quotations :—Aberdeen, 141 15. Chester and Bir- decrease is in the central establishment in Paris.
kenhead, 17 171. Caledonian, 30; 31. Chester and This fact, in all prohability, became known to the Direc-
Holyhead, 161 17. Eastern Counties, 10 5-16 10 7-16. taonrds (if tshoe Bankso fs Eli
itin geliarindt atot tohaeoirtisoiltlttthin”goonaLhiuorsstdaalyn:
fEast Lancashire, 210 2 11. Great Northern, 231- 24. reduction in the rate of discount. Another tact also has
Ditto A, 9,-7 94. Great ‘Vestern, 621 63. Lancashire contributed to the same result, and the large importation
and Yorkshire Stock, 971 98. Liverpool, Crosby, of gold from the United States, while the exchanges with
and Southport, 181 19. London and North Western this country admit only of a very small profit, has been
Stock, 1071 1071. Manchester, Sheffield, end sseancthhce
irrec for
ir s tt ha
ne z
su racsh atshee
soel
will of
i il silver
raonbda
bFI
yr e nee() lint
ill eune t et so.
Lincoln, 331 33-i- New 6 per cent. Pref., i in. cause frequptit fluctuations in the London Money Market,
Ditto Preference, 1271 12-1. Midland Stock, 82-1 821 and prevent that great fall in its value which some have
North British, 9316 9 5-16. North Staffordshire, anticipated; and as our credit and monetary systems
40. South Eastern and Dover, 22* 22 3-16. are immediately affected by these fluctuations, they will
~ Newcastle, and Berwick, 21* 22. York and beh felt much moreb acutely than in thosee countriesexted
North Midland, 311 31/. Leeds Capital Stock, 181 crediton. ise
have
ed
beufgroen
sativercniorour
opinion
19. Buffalo and Lake Huron, 1! 11p. Dutch wfouenrlat i
that we can retain only a portion of the precious
Rhenish, 2:1 21,p. Great Western of Canada, metals which arrive in this country, and that that portion
251 26. Ditto New Shares, 3 34p. Great Luxem- wilt be constantly fluctuating according to our financial
bent;;, 81- Btd. and commercial transactions with other nations. The
Returns of the Bank of England to the sth instant fully
The imports of the precious metals this week
prove the truth of these remarks, by a decrease of £462,816
comprise the following :—From Sydney, per
in the amount of specie; and as an active demand for
Catherine Adamson, 1,510 ounces of gold, and export has continued since the date of this return, the
9,875 sovereigns ; from the same port, per Oliver probability is that the next return of the Bank will show
from the United States, a further
t appearsold tat
Cromwell, 5001 in specie ;floes
per Arabia, 1,570,903 dols ; and per Ericsson, neithermr present
ting
monetaryan system. secursecaurscligaoinsgt sudden
201,000 dols ; per Bristow, from Adelaide, 8.0001; and constant fluctuations.
per Vice Admiral Gobins, from Hobart Town,
____
50,0001; per City of Baltimore, from Philadelphia,
60,000 dols; per Gertrude, from Constantinople,
200,000/ ; per Tay, from the Brazils, 5,7701; and
per Arago, from the United States, 150,000 dols;
making a total value of 800,000/. The exports con-
sist of 11,4431 to the Peninsula ex Tagus ; and
121,09 S dols to the Brazils ex Tamar, besides
private remittances to the Continent, estimated at
500,0001.
Accounts from Lyons state that the manufactur-
ers there find a difficulty in obtaining a sufficient
quantity of silk for their wants, consequently there
has been some large importations of foreign silks
during the week. Very little business has been
done in French silks, and these have brought the
high prices of the previous week. It is expected,
however, that prices will become more moderate
when the produce of Italy and Piedmont is brought
into the market. Advices from Naples and Turin
report a limited production of silk this season.
Advices from Havre report an active trade in
grain and flour, at full rates. Sales of 12,000 kilos
of Brittany wheat realised 78f per 200 kilos ; 40 000
ditto, 80f; 21,000 ditto, 85f; and 4,000 barrels
American flour, 45f per barrel. The market for
coffee was brisk, including a sale of 5,000 piculs
Padang qualities, at 128 f per 50 kilos, and 600
bags St. Domingo at 79f to 82f per 50 kilos. The
arrivals at the port include a vessel from America
with 4.572 sacks wheat and 1,991 barrels flour.
The continued and progressive falling off in the
production of sugar in Louisiana, is explained in
the following, which we quote from an American

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