The Northern Daily Times.
Liverpool, Merseyside, England, 1856-07-05 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, SATURDAY.

about the result of the royal interview at Plom.
bieres ; except that it may lead to counter movements
of a like character, and so help to keep alive that
political anxiety which is now, and at all times, so
prejudicial to trade. In this way England may
be severely injured, and the foreign potentates who
heap unnecessary difficulties upon us by such
means, will find, sooner or later, tint our sympathy
goes with peace and commerce, and that our poli-
tical support cannot be continued where these
desiderata are treated as matters of secondary im-
port. If the BONAPARTISTS apprehend dynastic
troubles, Austria is the last country that ought to
be called in, for the reasons we have explained ;

and if the object be to keep up a war agitation, in

a season of peace, we need scarcely allude more

pointedly to the effect it will have on the popular

commercial Europe. No dynagtv can
exist for any length of time where industrial 'pros-
does not reign, and we would rather have

mind of

peritT

,oONAPARTI3TS say that France was fully
employed and contented, than that all the Conti•

tlin 11

ental Powers were the friends and allies of their

F m peror

Tile ORLEANISTS rely on a

Political cry which has many charms in French
and we cannot recommend a better

antidote to internal discord, than a cheer.
ful roundelay of stirring industry. France
adores that' which makes England what she is,

and let no diplomatic coquetting with Austria, in

her miseries, mar the social prosperity of her

children

Profitable employment must be found for the

millions of French. War, and the rumours of war,
sure precursors of insufferable trials ; and

are the

another half century must

pass away before one

half of Europe remains pasgive, and the other give
The little

a unanimous assent to their inflictions

diplomatic ruses of the day are almost too con-
temptible to excite the disgust of the people of
any enlightened country; but should they eventu-
a condition of things which will press with
force on the leading States of Christendom,
authors must be prepared to meet a crisis,
in whi

ate in

equal

ch perfect internal union cannot be relied
upon. If we are not to have peace, the next war
will be no compromise. The Power which
compels another to draw the sword, will assuredly
be made to pay the cost of her temerity. Conven_
tional bloodshed, in which nations are to bear
the expense of defending the rights of civilisation,
is wholly out of fashion. Whoever causes the
expenditure of hundreds of millions of an unoffend-
ing people's hard-earned treasure, will be made to
re-pay every sixpence. This is nothing more than
common equity, to which no valid objection can be
raised; and let the diplomatists who are so busy
at the present moment, take it for granted, that
the public voice of Great Britain is unanimously
in its favour. We want peace, and it is not too
much to ask those who will have war, to pay for
their savage pastime.

THE Gas Question has all ended in smoke, as

far as the Corporation are concerned, They are to
give us what thay are pleased to call a " Meter
" Inspector," and the Borough Engineer is to test
the quality of the gas supplied to the public.
Lord PALMERSTON might well say that " all

But to

" public measures are compromises
give us a stone when we ask for bread, is carrying

the doctrine too far, and making us pay dearly for
our square-set, is altogether beyond a joke. The

appointment of such an officer, however, proves
the correctness of our repeated allegations with

respect to the extraordinary deceptive powers of
the conjuring box, and the quality of gas for
which the consumer is required to pay a high
monopoly price. The Town Council have found
that what we havo said was right, but the relief
they propose will not reach one-third of the
grievances complained of by consumers. If we

get honestly constructed meters, and gas of th

illuminating power specified in the company's act,
two great points will have been gained. But
what becomes of the all paramount questions
of pressure, cost of manufacture, expenses of
general management, leakage, the power of
Sing increased consumption, extending
to the dwellings of the labouring classes,
nd growing as Liverpool is growing? The
. .

suppl

Corporation have created an officer whose decisions
in all cases of dispute respeoting meters and over
charges are to be final and beyond appeal. There
are fees to be charged for inspecting meters, but
no penalties enforced when the gas measure is
found to be false

defy any man to tell whether sums can be fairly
charged to the capital account unless he knows the
quality of the article produced ; and this is an

important point for the consumers to consider, as
they are made to pay 10 per cent. interest on " the
" various sums" so charged.

In dealing with matters of revenue, it is also
that the quantity made should be
compared with the quantity consumed, in order to
see what has been lost in distribution, and that the
public have not paid for more gas according to the
meter returns, than the company have manu-
factured. The Recorder will, doubtless, see the
necessity of pursuing such a course, and the
Corporation will probably ask Mr. BELOE for some
further information on the subject of the Gas

necessary

Company's capital and revenue accounts, as they
are both vastly important to the consumers. It is
useless, however, to think of hoodwinking Liver
o long as the Press have the honesty and

manliness to grapple with the doings of gas mono
polists. We originated the discussion in the
columns of the NORTHERN' TIMES, and we will
continue it without fear or favour, until Liverpool
light at the cheapest rate. The
()thing that is unreasonable.

obtains the bes

consumer al

s for

Give him an honest measure, fair pressure, and

good gas, at a price which will leave a fair commer-
cial dividend on capital, and he will be satisfied ;
but until he obtains those things he will not, and
should not, rest contented. And while the Council
are in an instructive mood, it would be well if they

were to instruct Mr. BELOE to revise his history
of " the actual state and condition of the company"
in question. As for the Corporate Gas Committee
they have gone " black out," and we fear there
would have been a frightful explosion if it had
not been for the opening of the back door.

MONETARY AND COMMERCIAL

LIVERPOOL, FRIDAY EVEISING

The Liverpool Cotton Market throughout the
past week has been uniformly strong and animated,
the further reduction from 5 to 4! per cent which
has taken place in the value of money, and the fine
weather Which has set in, having diffused a general
feeling of confidence. The sales of the week amount
to 81,720 bats, 62 970 of which have been tak( n
by
the trade, 15,180 for speculation, and 3;570 for
export. The above quotations shew an advance on
those of Friday last of 1-16 d to id per lb in the
current qualities of American descriptions—all
other kinds command full rates. The sales to-day
are estimated at 7,000 bales, 2,000 being for specu-
lation and export—the Market closes with a rather
quieter feeling than has. prevailed for the last day
or two The C'ommittee's quotations to day for fair
Cotton are as follows, viz. :—Bowed, 6d ; Mobile,
6tl ; and Orleans, 7d per lb.
The Liverpool Share Market opened tamely
this morning, and continued flat throughout the I
day, cloSinft at the following quotations :—Aber-
deen, 1.51 151, Chester and Birkenhead, 171 171.
Caledonian, 31 31*. Chester and Holyhead, 17*
17:. Eastern Counties; HI 10 7-16. East Lanca-
shire, 22 22* Great Northern, 24 241. Ditto A,
91; 10. Great Western, 63 631 Lancashire and
Yorkshire Stock, 98g- 981 Liverpool, Crosby, and
Southport, 14. 18*. London and North Western
Stock, 1094 1091. Manchester, Sheffield, and
Lincoln. 351 35*. New 6 per cent. Pref , in.
Ditto Preference, 12 12a. Midland Stock, B.la.
811. North British, 91- 98. North Staffordshire.
51- Si. South Eastern and Dover, 221 22i York,
Newcastle, and Berwick, 22* 221. York and North
Midland, 32,1 32*. Leeds Capital Stock, 19 19*.
Buffalo and Lake Huron, 1* lb. Dutch Rhenish,
21 2 13-16 p. Great Western of Canada, 26* 26
7-16. Ditto,
,New Shares, 3* 31p. Great Luxem-

bourg, 8H Byd.•
The Corn Trade continues heavy; and the amount
of business done to-day has been small, and lower
prices generally had to be accepted. Flour was
from 6(1 to Is per b.u•rel, and wheat from ld to 2d
per bushel lower. Tallow still continues in good
request, and large sales are again reported in P.
Y. C. at 47s 9d to 48s 6d on the spot, 48s 3d for
Aug. and Sep., and 48s 62 per cwt. Oct. and Dec
delivery ; 150 hhds North American sold at 47s 6d
to 49s ; and a few lots South American at 45s to
48s per cwt as in quality. The London market is
again higher, the closing value yesterday being 48s
per cwt spot, and 48s 6d to 48s 9d per cwt for the
end of the year. The half-week delivery is 1,201
casks, against 775 casks last year; and the present
stock 17,859 casks, against 46,097 casks in 1855.
The receipts at the Custom-house at Havre for
the month of June amounted to 3,941,952 f., show-
ing a diminution of 164.029 f. compared with the
same month last year, Large cargoes of American
wheat and flour continue to arrive at that port, and
prices are firm at 90f. per 200 kilos for wheat and
44f. 75c. per barrel for flour. The market for
sugar is likewise firm with a tendency to advance,
on account of the recent advices from the colonies
reporting a greater demand for export than was
calculated on ; but the local demand in France is
not equal to the supply, in consequence of the
increased number of sugar factories.
Further intelligence from Copenhagen relative
to the question of the Sound Dues announce
positively that no convention has been entered
into by Denmark and the United States to prolong
the treaty of 1826. The negotiations pending
between the two countries are simply held in
abeyance until the result of the conference between
the powers interested is known. Meanwhile there
is a tacit understanding that matters will remain
in statu quo until that time. It is understood,
also, that Denmark will in no way yield to the
United States any privilege withheld from other
nations.
Ad vices from Lisbon to the 24th June state that
the Portuguese Chamber of Deputies have adopt-
ed, and the Chamber of Peers sanctioned, the two
following measures presented by the new Ministry:
—First, the approval of the budget of revenue and
expenditure fog the ensuing year, which is based
upon the economic principles of last year's budget;
and, second, to admit all cereals free of duty after
the Ist of this month into the kingdom of Portugal.
There has been a quiet market for Colonial
produce this week, purchases having chiefly been
confined to immediate wants. Prices, however,
have generally been well csupportecl. In csugar tho
transastions have been moderate, and prices have
been rather firmer. Coff.•e has been more freely
offered, still previous rates have been maintained.
Tea ruled steady early in the week, but it has since
been somewhat weaker. Rice is heavy. Spices
have been dull, and rum has been bought freely, at
firm rates. Tallow has tended upwards, but the
market has exhibited a quiet appearance.
The amount of specie o❑ board the Peninsular
and Oriental Steam Company's vessel Euxine,
which leaves Southampton to-day for India and
China is much larger than usual, viz., 810,3221.
chiefly in silver, for China.
The committee of Bombay and Baroda share-
holders recently appointed, among whom is Mr.
W. 0. Dimond, of the Exchange, for the purpose
of arranging the dispute between the Bombay and
ißaroda Railway Company and the Hon. East
India Company, are to have an interview with the
authorities in Leadenhall-street to-morrow, when
it is supposed the preliminaries of an arrangement
of the difficulty will be settled,. Australian Banking
Shares are at full prices, especially those of the
Australasia Company, which are 1/. to 1/. lOs
better. Canada Land have risen 1/. to 21. Other
miscellaneous shares are in request, at previous

values.
We annex the last quotations of the
Foreign Exchanges :—Amsterdam, short, 11 18
to 11 181. Do., three months, 12 18 to 12 181.
Rotterdam, do , 12 18 to 12 181. Antwerp, do.,
25 55 to 25 60. Brussels, do., 25 55 to 25 60.
Hamburg, do., 13 9to 13 91. Paris, short,
25 271 to 25 35. Do., three months, 25 621
to 25 671. Marseilles, do., 25 621 to 25 671
Frankfort, do , 120 to 120 i. Vienna, do., 10
16 to 10 20. Trieste, do , 10 17 to 10 22.
Petersburg,
.do., 371 to 37k. Madrid, do., 4 9
to 49.

BANK OF ENGLAND RETURNS

An Account, pursuant to the Act 7th and Bth Victoria, cap.
32, for the Week ending June 27, 1856.
ISSUE DEPARTMENT.

Debit. Credit.
Notes issued £26,903,970 Government
Debt
Other securities 3,459,900
Gold Coin and
Bullion

12,428,970

£26,903,970 1

Total .. .. £26,903,970

BANKING DEPARTMENT.
Debit. Credit.
Proprietors' ca- Government se-
pital
Rest
Public deposits 5,704,570 Notes 7,388,715
Other „ 9,810,045 Gold and silver
Seven day, and coin
other bills

644,738

797,546

£34,113,616

£34,113,616

The foregoing Bank Returns show the following
results when compared with those of the preced-
ing week : —Notes isF.ued, increase, 666,0301.;
bullion in both departments, increase, 655,7431. ;
rest, increase, 17,4541. ; public deposits, increase,
1,572,4601.; other deposits, decrease, 792,629/. ;
seven days' and other bills, increase, 57,9171.
On the credit side, government securities have
increased 801 ; other securities, increase, 392,0741
Notes unemployed. increase. 473 3351. Actual
circulation, 19,515 2551.; increase, 192,6951.

stantinople

Consuls were quoted at the close of the day's
business at 9511-, to 951.
The following are the closing prices of Railway
Shares :—Caledonian, 621 621. Eastern Counties,
10?,- 101. East Lancashire, 87 88. Great Northern,
951. Ditto A, 78 79, Great Western, 631. Lan-
cashire and Yorkshire, 981 981. London and
North Western, 109 1091. Manchester, Sheffield,
and Lincolnshire, 341 351. - Midland Stock, 841
84*. North British, 391. South Eastern and
Dover, 751 751. York, Newcastle, and Berwick,
871 881. York and North Midland, 631 64.

LOSS OF THE AMERICAN BRIG COLUMBIA. —OR the
night of the 17th of June, the brig Columbia, whi!e
steering an E course, was run into by the burgle Vic-
toria of LirerpoA, and immediately sink. The whole of
the crew saved and conveyed to Lisbon in the Victoria.
The night was dark and there was no look-out en board
the brig.

LATEST INTELLIGENCE.

THE EAST

Despatches from Trieste, of the date of yester-
day, mention the receipt of news from Constanti-
nople to the 28th.
Marshal Pelissier was to be entertained on his
journey from the Crimea to the French capital, at
a banquet given by the Grand Vizier.
The same source of intelligence informs us that

Yeni is in a state of insurrection, and it is stated
that the government have presented a request to
the Pasha. of Egypt to grant the protection of his

troops to the newly-appointed governor..
It is also stated that Selim Paella, hereditary
Prince of Circassia, has refused to retire to Con-

THE FRENCH FUNDS.

PARIS, FRIDAY EVENING

At the termination of business on the Bourse
today, the Four and a Half per Cents. closed at
93f. 75c.; the Three per Cents. at 71f. 80c.

FRANCE.

(FRO:11 OUR OWN CORRESPONDENT.)

PARIS, THURSDAY EVENING,

The Emperor reached Plombieres yesterday
afternoon at five o'clock. It begins to be doubtful
whether the Empress will go to Bairritz or any
other distant place this summer, owing to her
reluctance to separate from her child, and owing
to physicians not thinking it desirable to make him
take a long journey. _ _ _

In the Legislative Body, yesterday, the bill for
authorising the Emperor to grant pensions to emi-
nent functionaries was adopted, though a committee
to whom it was referred reported that it ought to be
rejected. This was the first time that a committee
ever, under the present regime, has dared to propose
the rejection of a government bill, and the report
in which it did so was remarkable for the energy of
its language. This is a sign of the times, which
is not without importance ; it indicates a reawaken.
ing of public opinion, and perhaps also a demand
will be made at no distant day for a certain degree
of political liberty. In the Legislative Body, too,
two other acts of hostility to the Government have
been done—one the throwing over to next year of
a bill for turning into a law certain decrees of the
Emperor, for reducing duties on various imports;
the other the indifinite postponement of the
bill for abolishing prescription in the French
tariffs

It had been expected that the bank of France
would have reduced its rate of interest to-day, but
it has determined not to do so for at least another

FOREIGN INTELLIGENCE.

MORE WARLIKE OPERATIONS BY RUSSIA-

The Hamburg News publishes a letter from Tre-
bizond dated the 10:h ultimo, from which we make'
the following extract Russian corps of 40,000'
men has been sent against Scliamyl. The Turks
have abandoned all the fortresses of the Asiatic
coast and completely destroyed that of Shefketil-
_The Russians have as yet only occupied Redoubt
Kale; they dare not occupy the other points at
present, the populations of Abasia and Circassia
having sworn 'that no Russian shall touch their
territory so long as there is a Circassian alive. The
whole population is under arms. The Naib of
Anapa has been obliged to mike his escape to avoid
being murdered by them. The Turkish fleet has
carried off the cannon of the forts of the Asiatic-,
coast. There are will five battalions and two,
detachments of artillery at Trebizond. There are
10 000 men expected from Erzeroum ; all our
troops are to proceel to Constantinople. Mustapha
Pasha is still at Batoum with two battalions and
a war brig. . -

A let or from Warsaw, in the Augsburg Gazette,
says :—The paper = have spoken several times of the
reconstruction of Sebastopol, but as yet all that the
Russians have done has been to clear away the
rubbish ; and the plan of the rebuilding of the
town. which is to be laid before the Emperor and
the Minister of war, is not yet finished. The troops
are returning hut slowly from the Crimea. The
disarming of Poland is insignificant as yet, but the
corps in the Baltic provinces is being disbanded.