The Northern Daily Times.
Liverpool, Merseyside, England, 1856-12-09 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, MONDAY EVENING.
The Cotton Market was very steady to-day, the
demand being to a fair extent, and prices of all
kinds fully maintained. The sides were about
7,000 bales, including 1.000 on speculation and for
export. The advices by the Europa arrived here
to-day did not have any effect upon the market.
At New York there had been rather more activity
and as the estimates of the crop had generally been
reduced, holders appeared to have more confidence
in higher prices, and quotations were advanced
cent., while holders were demanding still higher
rates.

The following is a statement of the stock of
Cotton as taken from the New York Shipping List
of the 26th November :

Exports to Total
Exports to Stock and on
Receipts. Great ; Foreign
Britain. Shipboard.
Ports.
1855-6, 732,484 122,409 , 217,080 4?7,560
1854.5 i 723,523 265,023 : 400,157 331,386
---
Deer.. , -- 142,014 183,077 96,174
1ncr...1 8,961

The Liverpool Share Market opened with a flat
and drill aspect this morning, but as the day wore
on a better feeling was manifested, and the market
became firm, closing at the highest point of the day.
The transactions consisted of Chester and Birken-
head, 17i. Eastern Counties, 9 9-16, East Lanca-
shire, 211 d. Great Western, 691. Lancashire and
Yorkshire, 96Z,71c, 7. London and North Western,
1051. Manchester, Sheffield, and Lincolnshire,
35. Midland, 82k, 2, li. North Britisl4, 9 15 16.
North Eastern, 21. Dover, 221, 4, e, 2, e. Dutch
Rhenish 4,11.16 p. Great Western of Canada,
244. The closing quotations of the day were
as follows :-Aberdeen, 131 14. Blackburn, 7.1
71. Chester and Birkenhead, 17:1 171. Cale-
donian, 29 13-16 29 15-16. Chester and Holy'
head, 19: 191. Eastern Counties, 94 9 9.16'
East Lancashire, 21/ xn Great Northern'
22: 221. Ditto A shares, 91 9. Great Western'
691 691. Lancashire and Yorkshre Stock, 97 971'
Liverpool, Crosby and Southport, 182 18a. Lon-
don and North Western Stock, 1051 106.
Manchester, Sheffield, and Lincoln, 351 351.
Midland Stock, 82 82/. North British, 91 15 16.
North Staffordshire, 54 sd. South Eastern and
Dover, 224 22 9-16. York, Newcastle, and
Berwick, 21 214. York and North Midland,
30 301. Leeds Capital Stock 181 19. Buffalo
and Lake Huron, f Ip. Dutch Rhenish, 1 -1-p.
Great Western of Canada, 244 24a. Do. New
Shares, 2f 21p. Great Luxemburg, 104 104 d.
There was a quiet demand for Money both in
London and Liverpool to day, and the rates for
first class signatures were rather lower. Business
at the Stock Exchange has commenced very
quietly this week, and, owing to some speculative
sales, a temporary degree of weakness has become
apparent. Compared with the latest prices current
on Saturday, a decline of 4 to 1 per cent has taken
place, but as there is no unfavourable event which
justifies a lower range of values, the flatness now
prevailing is no doubt only temporary. An influen-
tial party of dealers have endeavoured to depress
the market, and some of the smaller operators for
a rise have probably closed their accounts, so as to
make sure of their profits, otherwise it is only fair
to conclude that the tendency would have been
in the other direction, especially as the Money
Market is gradually improving. At the same time,
however, the Transfer books being closed, there
are no money purchases to give support to the
market. Consols have been 931 94, and 93;?-41.
They are now about 93 1. The New Threes are
931 to 944, the Reduced 934:. Exchequer Bills
4s to 7s. premium, and the Bonds 981, 99. Bank
Stock is 2164, and India Stock 227.
In the Foreign Market the principal feature is
a decided fall in the Turkish 6 per Cents., which
have suffered from the same cause as Consols,
viz., speculative sales. They have been dealt in at
95/, 941 :, 944, 8, and they are now about 95, 954
The 4 per Cents. 1027,-. Spanish are flatter, the
I, Threes being 42 to 421, and the Passive 51 Rus-
sian 41 per Cents. are 004 ; Peruvian, 78 ; and Do.
3 per Cents. 551.
The London Railway Share Market this morn-
ing was influenced to some extent by the depres-
sion in the English Funds, and the quotations of
most of the principal lines declined about 4 to
per cent. ; in some instances rather more. East
Anglian, Great Northern, Great Western,
Brighton, North Western, and Midland were
lower by 10s, and Lancashire and Yorkshire by
15s; South Eastern ss; Paris and Lyons declined
lOs ; Northern of France 5s ; Lombardo Venetian
15s; Great Luxembourg ss. The Canadian lines
were steady at former quotations.
The True Briton, from Melbourne, is announced
but the particulars of her specie freights are not
yet known- The Red Jacket and the William
Money are now also due, and in the course of the
next fortnight a further large supply of gold may
be anticipated. As the specie requirements of the
Bank of France seem now to have been supplied,
and speculation in silver is not likely to draw so
much gold away as heretofore, it may be supposed
that the greater portion of future arrivals will be
retained in this country. The advices from Paris
this morning state that monetary affairs continue
to improve, and the next Bank return, it is alleged,
will show an increase in coin and bullion in Paris
and the departments to 194,000,000 francs.
There is evidently a pause in the speculative
movement at Paris, for higher prices, but the
general feeling on the Bourse is still confident. In
anticipation of a favourable return from the Bank
of France on Friday next, many parties expect that
the directors will announce some relaxation of
their existing stringent regulations. The market
for French Railway Shares derives strength from
an improvement in the traffic returns The
receipts of the Paris and Lyons Company present
the chief increase, but those of the Northern
of France form an exception,
A sum of 15.0001. in gold bars has been with-
drawn from the Bank of England, for shipment to
Cadiz by the steamer Tagus, which sailed from
Southampton to-day for the Peninsula.
A meeting of the assured members of the Sol-
vency Mutual Guarantee Company is called fur the
9th inst., when a bonus is to be declared. This
meeting is to be made special, to " authorise the
engrossment of the supplemental deed of settle.
ment," and to approve of the transfer of the com-
pany's business to the Mercantile Guarantee and
Assurance Company.
The usual interest at the rate of five per cent.
per annum is advertised in Paris on the shares of
he Credit Mobilier Society. This is altogether
rrespective of the dividend.
The half-yearly meeting of the Bank of Austral-
asia was held this day, when the directors expressed
their resolution to continue the dividend at the
rate of 20 per cent. per annum, payable in April
next. The state of the colony was satisfactory. At
the next meeting the accounts will be presented as
usual. The directors had invested the 200,0001.
guarantee fund.
The call of 20 per cent on the 350 shares of
1,0001. each of the Atlantic Telegraph Company
has been promptly met. On Friday the manufac-
ture of the cable was commenced at the works of
Kupar and Co., Greenwich. To-morrow the share-
holders meet to elect directors.
The railway meetings of the week, although not
numerous, have presented some points of interest.
The shareholders of the Belfast and Ballymena
Company have adopted the report, and confirmed
the dividend at the rate of 35s per share. With
the exception of third class traffic the revenue has
improved, and prospects are considered satisfactory.
The dividend of the Killarney Junction is at the
rate of 5 per cent per annum, and the report states
that the traffic from all sources has improved. At
the adjourned meeting of the Eastern Counties com-
panywasbyaitlarge in
announced that Mr.H. Love was elected
majority over
occasioned A lr.M atlhtsugtho fithlletrhee
vacant seat of j
.
tirement of Mr. Waddington. The report of the
Bombay, Baroda, and Central India Railway is
regarded as satisfactory. It is stated that the
entire distance from Surat to Ahmedabad may be
completed in two years from May, 1856. At the
meeting of the Cork, Blackrock, and Passage Rail-
way the report was agreed to, and a dividend of 8s
per share was declared. While the receipts have

increased, the directors, with careful management,
have been enabled to reduce the general expendi-
ture. The shareholders of the Wells and Faken-
ham Company have given the directors authority
to exercise their borrowing powers.
There has been a large demand for sugar for the
past day or two, and sales have been made at ex-
treme rates. Molassas and rum are almost neg-
lected, while the business doing in coffee is merely
of a retail character. Saltpetre is held for higher
prices than purchasers are disposed to give.
The commercial advises received by the Europa
are considered satisfactory. The Persia, with
Liverpool dates of the 15th ult had arrived at New
York, but her news had little or no influence on the
exchange market, as the shipments did not much
exceed half a million dollars. Sterling was done
at 109 k to 109,1 per cent, Money kept easy in
supply, with no very great demand. The Stock
Market continued firm, and quotations showed a
material advance in the leading railway lines. Heavy
receipts and adverse European news had depressed
the market for bread stuffs. Flour generally fell
off sc. and 10e. per brl.; and the less desirable
kinds of Wheat also declined. Each commodity
was active at the reduced figures. Corn slightly
improved, but it was not in much request. Cotton
exhibited renewed vigor. Provisions were sale-
able and steady. More animation was noticeable
in Sugars at full rates. Freights ruled quite heavy
and firm. The advises from St. Petersburgh
furnish the following statistics of the Tallow
trade up to the close of the navigation this year.
The total quantity shipped was 112,095 casks;
consumption on the spot 7,277 casks; leav
ing on the spot unsold 1036 casks, of this
aggregate of 120,408 casks, 109,938 were brought
down from the interior (inclusive of " town
melted") ; 862 casks consisted of " stock left over
from 1855 unsold"; and 9,608 casks consisted of
" stock received and stored from 1855."

The directors of the Provincial Bank of Ireland
have announced a half yearly dividend at the rats
of 4 per cent ; and also a second bonus for the
present year of 1/ on each 1001 share, and 8s on
each 101 share ; and the Peninsular and Oriental
Steam Navigation Company a dividend of 3i per
cent for the last half year, a bonus of 1/ per paid up
share, and 4s per new share, all free from income
tax.

Commtrctal EnteMgcnct.

LIVERPOOL COTTON MARKET.—DEc. 8.

There has been a fair general demand for cotton to day,
and, with a moderate supply, prices are fully maintained.
The sales—including 1,100 Blhias 61.1, 20 Pernambucos
711, 180 Maranbams 7,-1,1 to 84d, 500 Egyptians al to 9FI,
700 Surats 41cl to bid—are reported 7,000 bales, of which
1,000 are on speculation and for export.