The Northern Daily Times.
Liverpool, Merseyside, England, 1856-01-14 00:00:00

from satisfactory. It exhi
tion in the specie, and indicates the continued

drain for the purposes of war
which had diminished in the r
the extent of 1.527,000/. have agar
withstanding the high rate of interest (du
the Bank. The advances upon Public
show a alio'

nn increased, not-
czed by

Securitie.

Railway Securities show a diminution to the exten

0,0001, which reduces them

her list

On the

circulation has inn

Private Dop

deerensed 1.651,0001,

We quote the following resume of the business
of tbn past week in th

It arid Shar

Avon -

Owing to the ciocina of transactions in connection with
the settlement on Thursday, to cot

1 sales of stock

on the part of the Bank, and to speculative sales, a large
amount of business has been transacted in Consols since
my last.—But in most other securities the market has
been partially neglected, though the indisposition to
engage in transactions noticed last week is certainly
passing away. At the same time the prevailing feature is
that of caution, and, as from the unsettled state of the
market on the one hand, and the still prevailing'condition
of political uncertainty as to peace on the other, no great
reliance is placed on the stability of present quotations.
The money market is still characterised by a considerable
demand and by a limited supply. The demand is both
commercial and political, while the supply is restricted,
not so much by absolute shortness of coin or bank notes,
as by an impression that money will become dearer until the
financial position of the government is more clearly defined.
Commercially, the demand is exceedingly moderate, con-
sidering the preparations usually made about this period
for the spring and summer trade. Politically, it has never
been heavier at any period since the breaking out of the
war, for the government is not only-selling stock, but is
borrowing from the bank, and anticipating revenue, whilst
it is tolerably certain that the Chancellor of the Exche-
quer has the contingency of a large loan under his con-
sideration. These are the main disturbing influences of
the market ; and there is no prospect of their being neu-
tralised to any appreciable extent. The possibility of a
new French loan and the necessities of Turkey and Sardi-
nia, also affect the market to a considerable degree. Ap-
prehensions were prevalent on Thursday that the bank, in
order to protect its stock of bullion, would be obliged to
advance the rate of interest; but no change was made.
The weekly return, published last night, was again unfa-
vourable. The public deposits had decreased £329,337,
although the payment of the dividends did n t com-
mence till Wednesday, and the bullion showed a
diminution of £283,234, while the reserve had fallen
£483,424. The anticipation of this return caused much
loomy feeling yesterday, especially as the monthly balance
sheet of the Bank of France was equally unsatisfactory. shew-
ing a dimnution in the coin anti bullion of nearly £Boo,o''o,
and an addition to the d'scounts of £1.100,000, while the
treasury balances had fallen off £850,000. Under these
circumstances, the policy of the hank is watched with much
interest, or rather anxiety ; but an impression prevails that
no change will he made in the rate of interest, until
the government have explained their intentions as to a
loan. The arrivals of specie since my last have been
£61,000 from New York, an import on French account, and
£29,742 from Brazil. The exoorts on Bri6sh account, so
far as are yet known, amount to about £lOO Ono. Consols
which closed 11.4 Saturday at 874. to I, closed last'nicht at
4361 to f,,r the 7rh of February. On Tuesday they were
as low as 85f. The decline thus established is therefore
equal to Li Der cent. It is ettributable to reports of the
neace negnciations having failed, and the tichtness of the
M.. The payment of the Dividend., which
to any reaction at
',e Account

money

mmenced ort Wednssdai has
resent. At the

a heavy 13111

intent on Tt.ursday,
d the rate of Contaneo

inerrale:l to ner cont. The Names passed for Stock were
nrineipally those of Bankers, chewing that_a large, amount

)f Stock had been " nawnod.'

Shares

rind there is an expeetatinn t}

rl la-ge balances will he e

not inc

the dividends aTr
over. The business of the half year has been nnloubtedly
nrosperous, and these Securities will certainly be more in
favour if it is shown, at the anproaahino• meetings,
that the working pxne,ses have not absorbed an uneor
orotortien of tle receipts; ac,inst this, however, must he
set the fact thlt most of the lea'linr camoanies hire dorir
the half year he,n t o r)xvintr, to ray off
i'icreased rate of inter

3 inst;lnors to

larrre bal.nnces in
next

,rn (3-u