The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-25 00:00:00

of commercial affairs, the effect upon the produce markets
would have been serious, but the action of the bank, although
delayed so long, is considered a necessary step to put a cheat
to the artificial withdrawal of bullion that has been so
long going on conformably with its financial neeiti'n
under the existing currency laws. Considerable activity
pervaded our produce markets during the rest month, inflsu;
enced by the prospect of deficient supplies and iecrea
demand, and in some instances higher prices have been.
established. ."
cannot, however, be -.ainteined thatd
htcause no unfavourable effect has so fir been pretil,
by the anomal(ais position of the Money Market, `""
principles which Govern the Bank Act are unexceptionable,.
and do not re lire revision, for the fact of a sound so
n
healthy state ot trade of the country being uninfluenced DYs
the stringent measures that have been resorted to, ell°l
the absurdity of the system which taxes the mercantile_
community with a high and exorbitant rate of interest for
conducting their operations and fulfilling their entrlgernell.f
whilst there is plenty of money in the country far
legitimate purposes. There is no doubt that the quest'ii
now has assumed such importance as will engage t eehare'd
attention of Parliament ; and as enquiry has been delayed
so long, it, is hoped that, when entered upon, the d_ by
.se
patent will have a careful investigation, and be followed
the adoption of remedial measures. t—
fiat
From the circular already quoted, we learn
the imports of Sugar into the United Kingdon3,
31st of August, are 263,091 tons. against 224,53*t
tons last year; the consumption is put down lit
249,843 tons, against 274,941 tons; and for eltPnr
25,574 tons, against 10,921 to the same period lasst
year. The stock in Liverpool is now 19,424 agailiti.o
12,456 at same time last year. The stock of co na
has fallen off this year, the quantity now 00 Its
being 330 B.P. against 500 tons, and 800 tone to
foreign against 1,600 tons last year. The imporswt
of Rice into the United Kingdom to 31st Afiggn..
are 107,182 tons, against 58,614 tons; the conelltr
tion 44,554 tons, awtinst 28,500 tons; and fee
export 35,193 tons, against 19,345 tons to the etch
period in 1855. The stock here is 33,000 t 0
against 25,940 tons last year.
Trade in the maaufacturing, districts has of
undergone any material change during the iv-,,eah
The Manchester Market is quite inactive, thrAtle
the disturbed state of the Cotton trade, and the
consequent advance in the prices of manufantnr-pt
and spinners look with distrust upon the Prase
movement in Cotton. 000
From Bradford we learn that, as the se ref
advances, the Wool Market there bee°"—
duller : /
Wools for the last nine or ten days have been a „eesl
slow sale. Bright-haired descriptions are most in rect." of
at firm prices, but clothing wools, with the exceptiolo
Botany and best English noils, are scarcely saleable. the
impression amongst the staplers is that the monleat ,ed
money market becomes easier, the trade will reboen",,a' ity
prices advance. This result must follow from the gee
of the raw material throughout the country. The aP—ineng
for the home trade are in a worse condition than fora The
time past, and the trade is absolutely profitless. of
demand for yarns for exportation is steady, and ord
holding
given by merchants who for some time have been ever,
off in the hope of obtaining a reduction, which, ItriLood.
has not been conceded. All descriptions of worsted
the
are dull ; the home trade has nearly fallen off, eka., oot
demand for America, usually brisk at this season,
commenced. A large quantity of machinery is consega- ore
standing, and besides a great many manufacturel9 pro'
running short time. It is calculated that the goat be'
duced are not more than one-half of the ordinary 13'
tion of the dis rict. t 8134
Relative to the Silk Market, Messrs. Duran
Co. report as follows :

The public sales are concluded. The quantity %jot
wag about 1,000 bales Bengal silk, and 6,000 baleB,—th.
silk. As usual, there were scarcely any biddings
room ; but a large quantity of the China silk has bet sold
by private contract during the week, at prices prev.-der
scarcely obtainable, which were about' 2:61 to 3s 611v"the
the highest rates of September. Bengal silk is fr ste
moment comparatively neglected; but some few pare
el° ,
occasionally taken. tto'k
The weekly reviews from the Amster
Rotterdam Produce Markets state that, altbf;on
the amount of business has been limited, Pr'eri`,loo
the average continued to be well supportecl.,• 'fluid
had been little speculation, the principal (leiLoe
having been for local consumption. The
from Rouen mention that the market far
factures was steady. „,„rciti
Accounts from Switzerland state that the
of silver money, which has been felt so elg;,,coosa
Belgium, Germany, and' France, is now expert the
in the Swiss Cantons. This is particularuoisel
case in the Canton of Glaris, where the le of
turers turers find it impossible to obtain a stifficie„-tij
the
metallic currency to pay.their workmen,
difference of exchange between the value of —OO
and the paper currency would fall heavilYlifitss
them. There is also a law in this canton Wolof
the payment of gold as a legal tender, whieb!linitill
the circumstances, is expected to be provisie"
suspended. 131416:
The amount of specie brought in by the h•ch
.from New York is stated at 98,6001., of 1f.,--01102nt
portion is on Continental account. The w`,- ;'!"
this remittance will, of course, be sent nivEllni. t/14°
important sums in gold are being drawn frog`
for exportation.

WI
An Account, pursuant to the Act 7th and Bth Victoria'
32, for the Week ending Oct. 17, 1856'

BANK OF ENGLAND RETURNS•