The Northern Daily Times.
Liverpool, Merseyside, England, 1853-10-13 00:00:00

an insignificant scale

The Government despatches date, nominally,
from the 2d inst. from Constantinople, though
the facts which they disclose are only brought down
to the evening of the Ist. About seven o'clock that
evening the batti-sheriff of the SULTAN, declaring
war against Russia, was signed and transmitted to

the ambassadors, the high functionaries of state

and to OMER PASHA. This:disposed at once of the
attempts of the British and French ministers, and
of the intrigues of the first dragoman of the Rus-
sion embassy, who remains in Constontinople to
procure delay. The declaration, however, is con-
ditional. The Russian commanders are first to
be called upon to retire from the Principalities ;
if they refuse, then OMER PASHA is to commence
hostilities, though he is empowered to allow a
time, not exceeding 14 days, for communication
with St. Petersburg.
So much for what has transpired in London.
The Paris correspondent of the Morning Chronicle,
who receives his inspirations from the department
of M. DROVE DE SHAYS, says in his letter of

Tuesday :
" The following details are from the best sources, and I
believe that I can guarantee their authenticity. It was on
the first instant that the Divan came to the resolutions
to adopt vigorous measures against Russia, and the
following measures were determined on. In the first place,
the Sultan addressed a spirited proclamation to his peo-
ple, in which he appealed to their loyalty and spirit of inde-
pendence. The document is of the most warlike character.
Secondly, an appeal was addressed by the Sultan to
the Governments of France and England. In this
document the Sultan gives a detailed statement of
his case, exposes the justice of the cause which the
Porte defends, and the necessity forced upon it to
resist the aggressions of the Czar, and finishes by demanding
not only the moral but also the material support of those
Powers • and, in the third place, an official demand was
addressed by the Porte to the ambassadors of England and
France, for the passage of the fleets of the two nations
through the Dardanelles, and their approach to Constantino-
ple. At the same time that these important measures were
adopted, an order was dispatched by the Government to
Omer_ Pacha, directing him to summon General Gortscha-

koff, the Russian comniander-in-chief, immediately to evacu-
ate the principalities, and to intimate to him that, in the
event of a refusal, he is instructed to commence hostilities.
If General Gortschakoff should answer that his orders will
not allow him to do so without referring the question to his
Sovereign, Omer Pacha is directed to give reasonable time
for the reception of an answer from St. Petersburg. But if,
on the contrary, General Gortschakoff should at once and
positively refuse to evacuate the provinces, Omer Pacha is,
in that case, directed to commence hostilities, to the intent
of giving the Russians all the annoyance in his power, burning
their ships and boats on the Danube, interrupting their
communications, &c. It is, however, specially directed in no
case to pass the Danube wit'iout further orders.
" From this it will be se en that the Government of the
Sultan has not only determined to defend the independence
of his dominions, but that, as the refusal of General Gorts-

chakoff is a matter of certainty, the war may be considered
as having already commenced. It is important to re-
mark that this vigorous step has been adopted by the
Porte without any reference to any support
it might look for on the part of its allies. In
point of fact, the whole of these proceedings were
adopted under the impression, which has for some time
past been prevalent in ',Constantinople, that no dependence
was to be placed on the support of the Western Powers, for,
at the time the Divan met and resolved upon the declaration
of war, it was not yet known that the English and French
Governments were now of opinion that the resistance of
Turkey to the Vienna note was legitimate, and that France
and England were determined to support her with their
fleets."

It certainly could not be known at Constanti-
nople-on the Ist that the allied cabinets of England
and France had determined to support Turkey with
their fleets, and, if necessary, by a military force.
Still the fact is, that about the 24th or 25th this
determination was taken; and, on the 27th, orders
simultaneously left London and Paris for Admiral
DUNDAB and HAWELIN to conduct the squadron
under their command before Canstantinople. At
the time we write, those squadrons are in the sea
of Marmora, whilst eight or nine ships belonging
to the Turco-Egyptian squadron have entered the
Black Sea, where it is not at all improbable they
may come into collision with the naval force of
Russia in those waters.
At present, then, there is every reason to antici-
pate that the war has begun. There are scarcely
any serious probabilities:of the state quo being pre-
served. Perhaps by Saturday there may be a
telegraph via Trieste or Vienna which will dissi-
pate uncertainty in this respect.
In the meantime all the advices from Prussia
and Austria uniformly speak of the pacific views of
the CZA.R. All assertions of this kind from these
quarters must be receival subject to considerable
distrust, for Austria is notoriously under Russian
influence, and aiding in Russian intrigues, whilst
throughout Prussia, the press has received orders
not to speak anything unpleasant or disagreeable
concerning the CZAR, or his proceedings. It is
istated, however, that the CZAR has failed in his
attempts to patch up an offensive and defensive
alliance between Russia, Austria, and Prussia,
against England and France.
A Cabinet Council was held at the Foreign Office
yesterday, to consider the dispatches received in
the morning.

THE Loss OF THE ANNIE JANE.—Yesterday a
subscription list was laid upon the table in the Underwriter's
Room, for the relief of the relatives and friends of the suf-
ferers by the wreck of the Annie Jane. The Liverpool
Shipwreck Humane. Society have subscribed Ten guineas,
and Mr. Thomas Holderness Twenty guineas.

MONETARY AND COMMERCIAL

LIVERPOOL, WEDNESDAY EVENING

Our 'advices per the Arctic from New York are
three days later than those received per the Niagara.
The commercial intelligence brought by this mail
is -of the greatest importance: The following is
the circular which has been issued by the Treasury
Department, and to which we referred in the
NORTHERN DAILY TIMES Of Saturday last :

"TREASURY DEPARTMENT, Tuesday; Sept. 20, 1853,

" SIR :—The increasing revenue and accumulating amount
of money in the treasury render it most probable that the
tariff will be made a prominent subject of discussion and
examination with a view to reduction, during the approach-
ing session of Congress. In the meantime, and at as early
a day as may be, I am desirous to obtain from the most re-
liable sources the best information of the working of the
present rates of duty upon the leading branches of industry
of the country, and of the effect to be expected from the
proposed modifications.
" Understanding that you take an interest in this subject,
and have given some attention to it, and perhaps have been in
situations to place within your reach very valuable infor-
mation, you will much oblige me by communicating to this
department your views thereon, and by furnishing lists of
articles now subject to duty, which, according to such views,
should be duty free, and of such other articles on which the
present duty should be reduced.
" The existing tariff having been designed generally and
substantially for revenue and for a fair and equal operation,
both between the various sections of the country and the
various branches of industry, the same objects should, un-
doubtedly, be kept in view ; and the reductions, if any
shall be made, should be so arranged as to afford an equal
participation in the benefit to every interest and to every
section. Articles which enter into our manufactures, and
those which do not come into competition with American
products, are those about which there will, doubtless, be
the least question.
" Besides these objects the proposed reduction of the tariff
of such an arrangement as will afford proportional benefit
and relief to every portion and interest of the 'country, there
is another which ought by no means to be disregarded—l
mean, to abridge the labours of the custom-houses. This
object will be consulted by adding to the free list articles of
general consumption, and articles paying little duty, which,
but for this consideration, might properly be made subjects
, of revenue.

" I am, very respectfully,

" JAMES GUTHRIE,
" Secretary of the Treasury."
The fact of the United States being in a position
to adopt this course, bespeaks not only her own
prosperity, but also promises inculable benefits to
the traders and manufacturers of this country,
The manner in which the proposal has been
brought forward, free from all intrigue or party-
trickery, appealing at once to the experience and
good sense of the representatives, leaves little
room for doubt as to the success of the proposed
alteration.
The Stock Market had fluctuated considerably ;
but the tendency had been generally to advance.
Exchange on London was quoted at 109 to 1091;
Paris, 5.124 5.13 ; Hamburgh, 364 to 361; Bremen,
791 to 80 The best Railway bonds were in demand.
Money was decidedly more easy, and was plentiful
on call. First-class securities; at 6 to 7 per cent. Long
dates, 9, 10 and 12. The banks were still acting
strigently not withstanding the cash deposits were
rapidly accumulating, The Mint was not issuing
coin in proportion to the gold received. The fol-
lowing is a comparative statement of the bullion
held by the New York Banks, and the Bank of
England, for three weeks.

SPECIE IN NEW YORK AND LONDON
Bank of
New York. Increase England.

Decrease.

June 11...512,174,509 92,000,000 •
August 6... 9,746,452 .87,000,000 $5,000,000
August 13. 10,654,612 908,156 86,500,000 500,000
August 20. 11,092,552 437,934 85,500,000 1,000,000
August 27. 11,319,049 226,497 84,500,000 1,000,000
Sept. 3. ... 11,468,049 82,500,000 2,000,000
These figures are taken from the latest dates,
and when. the amounts held' by the New York
Banks are added to the 30,000,000 dols, in the Trea
sury coffers, we find that the States possess a
larger amount of bullion than at any former

period.
The Arctic has brought 24.1,863 dollars in specie.

The foreign dry goods market at New York was
in the most prosperous condition; the attendance of
dealers large, and the utmost confidence of a large
and increased consumption generally prevailed.
The exports of corn, bread-stuffs, and provisions
to Liverpool for the week were very large.

In the-flour and meal markets the transactions
were not large, about one-third of the purchases
being for forward delivery. The arrivals had
been moderate, owing to the late break in the
canal; hence price's had been well supported, with
only a moderate shipping inquiry for immediate
delivery, but a fair demand for the future, the cur-
rent high rates of freight restricting the demand
for English markets, but for France there was little
abatement. Much of that going to Havre
was purchased to arrive. A better demand had
prevailed for the East, and the local trade,
especially for the better grades, and the Ordinary,
Fancies, and Extras were difficult of sale at more
than 6i to 18ic above the prices of common
brands.

Further advance in the prices of provisions was
anticipated in the American markets, particularly
Beef.

In the Cotton market the business transacted
was chiefly for expert. The quotations of last week
were renewed, but more difficult to obtain, not-
withs,tanding the damage_said to have taken place
to the growing crop.
The agents for the Austrian Steam-boat Com-
pany have received these instructions :—" Please
to inform the public that the steamers of this com-
pany have ceased plying on the Lower Danube be-
low Orsova."

From London we learn that the Orpheus has
arrived in the Downs, from South Australia. Her
dates are to the 13th of May. She brings 3,292 oz:
of gold on freight, which, added to the previous
arrivals, makes the aggregate amount of £125,168
of gold received from Australia this week. The
advices she brings from New Zealand are ex-
tremely satisfactory, and show the colony to be in
a healthy condition, as to both her revenue and
trade.

The London market was easier again to-day.
Money could be had at 44 per cent. on good short
bills, and on ordinary paper at 5 per cent. The
payment of the dividends will commence to-mor-
row, and the disbursement of from five to six mil-
lions must necessarily make money still easier.
The Stock Market fluctuated considerably. As
Much as 24 per cent. has been given for the " put
and call" of Consols at present prices, for Ist Nov.
accounts. Consols for money and time were done
at 914 to 91i ; 914 4 for
,cash and to-morrow. The
Three per Cent Reduced 90i Three-and a-Quarter
per Cents. at 924 to 93, both ex. div. Bank Stock
for money 217 ; Exchequer Bills his. to 95., and
India Bonds 2s. prm.
The Foreign Stock market was flat, with little
prospect of revival. Russian Stock is quoted 113
for the Five per cents., and 974 for the Four-and-a-
Half per Cent. Bonds.
In the share market the sattlement of the ac-
count appears to have given firmness to the mar-
ket. It is generally supposed to be unfavourable
to the "Bears."

The Liverpool Share market. continues inactive,
and prices can only be said to be nominal. Some
reaction may, however, be anticipated, seeing the
number of circumstances that concur to increase
the public confidence.
The Cotton market continues firm and steady,
with a disposition (if anything) to advance. The
Sales for to day amounted to 7,000 bales, 500 of
which were taken for export, and 500 on specula-
tion.

BULLION MARKET AND FOREIGN EXCHANGES

We give the current price of Gold, as follows, to
assist the merchant in calculating the rates of
Foreign Exchange, by the actual current rates of
bullion, as last reported
London, 770..9d. ; Paris, ; Hamburgh,—; Am-
sterdam, —; Vienna, —; St. Petersburg, ; Ber-
lin, —; Milan, —; Constantindple, —; Alexandria,
—; Bombay, —; Calcutta, ; Hong Kong,— ;
Sydney, 745. 9d. to —s. ; Port Phillip, 775.; Adelaide,
—; Victoria, 775. 6d. ; Ovens, 765. 6d.; Montreal, —;
New York, —; . Boston, £3 17s. 9d. ; San Francisco,
; :Mexico, ; Brazils,

We subjoin a return of the Foreign Exchanges,
calculated according to the London Mint price of
17s 10/d. the ounce ;

Amsterdam, short, 11 164 to 17; do, 3 months, 11 183
;
to 19 ; Rotterdam, 3 m. 11 181 to 194 Antwerp,
3 m. 25 35 to 40 ; Brussels, 3 m. 25 35 to 40 ;
Hamburg, 3 m. 13 64 to 74; Paris, short, 25 5 to
10 ; do, 3 m. 26 35 to 40 ; Marseilles, 3 m. 26 373;
to 423 ; Frankfort, 3 m. 1208 to 1203; Vienna, 3 m. 11 15
to 19 ; Trieste, 3 m. 11 18 to 11 22; Petersburgh, 37.1
to 373 ; Madrid, 3 m. 498 to 50 ; Cadiz, 3 m. 50 to 504 ;
Leghorn, 3 m. 30 10 to 30 20 ; Genoa, 3 m. 25 45 to 25 50 ;
Naples, 3 m. 41i to 42; Palermo, 3 m. 1243 to 124 f;
Messina, 3 m. 124/ to 125 ; Lisbon, 3 m. 521 to 53 ; Oporto,
3 m. 534 to 531 ; R. Janeiro, 60 days, to —; New

York, ditto, 109 to 109 f ; Boston, ditto, to
Focaign Gold in bars; 13 17s. 9d. ; Mexican Dollars;
05.4.0 d. ; Silver in bars stand, Os. Od.; East India Com-
pany's Bills. House Bills 60 days; Calcutta Co's Rupee,
2 Ot to 2 O. 6; Bombay ditto, 2 11; Madras ditto, 24k.
Sydney, lit pm. ; Hongkong. 6 9 to 5 10i; Alexandria, 991.