The Northern Daily Times.
Liverpool, Merseyside, England, 1856-02-27 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, TUESDAY EVENING,

There has been no change in the tone of the
Liverpool Cotton Market, and with steady prices a
fair amount of business has been done, the sales
reaching 8,000 bales, 4,000 of which were for specu-
lation and export.
The Liverpool Share Market has further im-
proved to-day, upon advance in consols, but does
not close quite at the best. The Contango rates
have been generally high, and the account carried
over considerable. Quotations closed as follows :
Aberdeen, 121 13. Chester and Birkenhead, 13k
14. Caledonian,2B 0-16 28 11-16. Chester and Holy-
head, 12113. EaStern Counties, 9-a 91. East Lanca-
shire, 18 181. • Great. Northern, 231 241. Ditto A
Shares, 10 101 Great! Western, 591 60.
Lancashire and Yorkshire Stock, 821 82/. Liverpool,
Crosby, and Southport, 15 15k. London and
North Western Stock, 101. 102. Manchester,
Sheffield and Lincoln, 241 248. Ditto Preference,
11 110 Ditto New 6 per cent. Pref., I e p.
Midland Stock, 71{ 71?-i. North British, 7/ 71.
North Staffordshire, 61 60. South Eastern,
19 13-16 198. York, Newcastle, and Berwick,
191 191. York and North Midland, 261269. Leeds
Capital Stock, 151 151. Dutch Rhenish, I 11-16 p.
Ditto New Shares, 2 3-16 2 5-16 p. Great Western
of Canada, 26 26k. Ditto New Shares, 31 3a p.
Great Luxembourg, 9 9d.

In the Manchester Goods Market to-day there
has been a quiet tone and only a small amount of
business has been done, at prices about the same
as on Tuesday last.

The following is a statement of traffic receipts
of the Great Western Railway of Canada by pas-
senger and goods trains for the week ending Bth
February, 1856, and for the corresponding period
last year:-Bth February, 1856—Total receipts,
83421.115. 2d.; per mile per week, 291. 19s. Bth
February, 1855—Total receipts, 36021. Bs. 6d. ; per
mile per week, 161. 19s. Increase—Total receipts,
47401. 2s Bd. ; per mile per week, 141. 1 ls.—sterling.
Letters from Madrid mention that the establish..
ment of new banks of credit throughout Spain has
caused a complete revolution in financial circles
there. The State Bank of San Fernando hitherto
has been the chief monetary assistant in develop-
ing the different branches of industry in the king-
dom, but the capital advanced by this bank was
done at such a high rate of interest that it left very
small profits to individual enterprise. It is stated
that the bank was in the habit of charging from 12
to 20 per cent for money advanced upon good secu-
rity; and instances have been known of 3 per cent
per month having been received for accommoda-
tion. The first effect of the founding of the new
financial institutions has been to lower the rate of
discount amongst all the old banks, and that of
San Fernando now negotiates paper at the rate of
per cent per annum.
The Committee of the Stock Exchange have
given notice that they will not recognise any deal-
ings in Royal Swedish Railway Shares until the
particulars and the amount of the recent fraudu-
lent issue are published.
The recklessness displayed by Mr. Lowe in
introducing into Parliament a bill for the purpose
of dealing with local dues upon shipping seems to
bid fair to meet with that punishment which it
most justly deserves. On all sides of the house
last night the arguments were against the Govern-
ment, and we shall not in any way be surprised to
find that ministers have consented to abandon the
measure in its present unscrupulous form. Mr.
Lowe will do well to bear in mind that he is as yet
very young in office, and he can afford to follow
the courtly example of his courtly chief, who,
finding himself certain of defeat in another quarter,
has quietly, if not gracefully, bowed to the storm,
and has withdrawn au obnoxious and unconstitu-
tional measure.

The news of a temporary armistice received this
morning gave a slight impetus to the Consol
market, and at the commencement of business prices
bore a firm appearance, but this did not last long, as,
on consideration, it was not in any way apparent
that peace would follow as a matter of course, as
the armistice will only apply to hostile attacks
on either side, and will not interfere with the vast
preparations still going on to enable us to prosecute
the war with effect, if unfortunately we should again
be compelled to have recourse to arms. Neither
will any indulgence be shown by the blockading
squadron now on its way to the shores of the Baltic.
In short, the armistice is nothing more than a brief
armed truce, unaccompanied by any particular
condition

Mercantile advices from Belgium continue to
state that the solution of political complications
now pending causes great reserve in commercial
operations. The animation in the import market
at Antwerp has subsided, excepting in cotton, for
which the demand has been considerable, and
holders of supplies are demanding, higher prices,
which, for the time, paralyses the dealings of the
manufacturers. About 1,200 bales of American
have changed hands at the following rates :—Good
ordinary, 301 to 311 cents per 1 kilogramme ;
33/c to 34ic ; and good middling, from 343 c
to 35c. In coffee 2,389 bags of Brazilian, sold for
483,c to 661 e per 1 kilogramme ; and 636 bales of
St. Domingo at 59c to 70e. Batavia, ordinary to
good ordinary, 3510 to 361 c ; and Cheribon white
and green, 37c to 38/c. The market for sugar is
quiet. At a sale by auction, 3,500 cases of
Havanna, of good quality, brought 324 f to 391 f per
50 kilogrammes. Sales by private contract are
limited, and vices nominal. For refined sugars
the market is weak, and the demand is limited.
The addition to the stock on hand during last
week was 190,000 kilogrammes.

The funds rose a per cent. this morning, upon
the announcement that an armistice has been
decided upon. Sellers coining forward, however,
a re-action took place, and the closing quotations
were only k per cent. higher, than those of yester-
day, the figure being 92. The general character of
the market was good. In the Stock Exchange
money is easier, at 5 per cent. In the discount
market thereisan entire subsidence of the pressure.
owing to the release,of the surplus deposits, on the
new loan the discount houses this afternoon were
abundantly supplied with money. The check
given to the upward tendency of the stock interests
seems to have been occasioned by the deeline on
the Paris Bourse. The slight fall at Paris, how-
ever, is attributed partly to the preparation for the
settlement of the monthly account. At
Paris to-day the three per cents Rentes
closed 3to per cent lower than yesterday.
The following were the closing quotations of
Foreign Exchanges : Amsterdam short,ll 183 to 11
19. Do., 3 months, 12 13 to 12 13. Rotterdam, do.
12 11 to 12 13. Antwerp do., 25 623 to 25 673. Brus-
sels, do., 25 623 to 25 673. Hamburg do, 13 113 to
13 113. Paris, short, 25 40 to 25 50. Do , 3
months, 25 82} to 25 873. Marseilles, do, 25 823 to
25 873. Frankfort, do., 120 to 1203. Vienna, do.,
10 38 to 10 45. Trieste, do., 10 40 to 10 45. Peters-
burg, do., 36 to 363. Madrid, do., 491 to 493.
The wind having changed to the westward, it is
hoped that some arrivals of gold from Australia
will be shortly announced. The Railway Share
market this morning participated in the buoyancy
of the funds, and prices generally ruled higher.
The final quotations (closed as follows ;
Caledonian, 573 571, Eastern Counties, 91 93.
East Lancashire, 72 73. Great Northern,
953 96. Ditto; A., 803 813. Great Western,
591 60. Lancashire and Yorkshire, 821 823. London
and North Western, 1013 1023. Manchester Shef-
field, and Lincolnshire, 243 251. Midland Stock,
713. North British, 29 30. South Eastern
and Dover, •653 66. York, Newcastle, and Ber-
wick, 77 78. York and North Midland, 521 523.