The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-23 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, THURSDAY EVE&I&G.

There was more business doing in our cotton
market to-day, fully 8,000 bales having Changed
hands, about 1,000 being on speculation and for
export. Prices had an advancing tendency, caused
by the poor selection of cotton in the market, -
The Liverpool Share Market manifested a firm
feeling to day, with, howevCr,"very few sales. The
transactions consi.Sted of Blackburn, 81, 4; Lanca-
shire and .Y.ritst.ire, 96k, ,1,-; London and North
Wec:Aerta, 'lO6l, ; Midland, 821, ; Dovers,
22*, I, -1-; Grand Trunk of Canada, 12
13-18; Royal insurance, 21, 4. The closing
prices were as follows :,---Blackburn, 8 7-16, 81i.
Chester and Birkenhead 65 651. Caledonian,
301 301 Chester and Holyhead, 181 19.
Eastern Counties, 9-a 91. East Lancashire, 231
231 Great Northern, 23 23k. Ditto A Shares,
91 91. Great Western, 651 66. Lancashire and
Yorkshire Stock, 961 968. Liverpool, Crosby, and
Southport, 181 18a. London and North Western
Stock, 106* 1061 Manchester, Sheffield, and
Lincoln. 339 34. Midland Stock, 82$ 821. North
British, 9 13 16, 9 15-16. North Staffordshire, 41-
.414. South Eastern and Dover, 221 22 5-16
Scottish North Eastern, 121 13 North Eastern—
Berwick, 21 21k. York and North Midland, 29k
30-k. Leeds Capital Stock, 188181. Buffalo and
Lake Huron, lk x int 212. Dutch Rhenish, Ixd
d.
Great Western of Canada, 24a 241 Ditto
New Shares, 2 9-16 2 11-16 p. Great Luxembourg,
11 1011 Grand Trunk of Canada, 121 x int 12k
'''4The demand for money in the earlier part of to-
day was rather active, a fear existing that the con-
tinued effiux of gold from the Bank might compel
tine directors to add 1 per cent to the minimum.
After a brief sitting, however, the court separated
without announcing any change, and the enquiry
immediately slackened. First class bills are now
again negociable at a trifle below the official quota-
tion, and the general tone of the discount market
is decidedly more favourable. The demand for
gold to transmit to the Continent naturally causes
apprehension, as the bullion in Threattneedle-
street must have been seriously affected by the
amounts recently withdrawn. Yesterday about
5,0001 was sent away, and there is a prospect of the
drain continuing for some time
The Public Funds and Securities were very firm
to day, and at one time an advance of 1 16 to k
per cent. was established on prices of yesterday.
The amount of business, however, both real and
speculative, was but trifling. Consols opened at
932 a for money, and 931 k for the account, and
New subsequently 931 a, and 93* 94 respectively.
The New 3 per Cents. have risen to 941 1 the
Reduced 039 to 941, the Long Annuities 2, and
the 30 Years' do. 2 9-16*. Bank Stock was heavy
at 216, and East India Stock was 220. Exchequer
Bills were steady at 2s premium, and the Bonds
at 988 99k Foreign Securities were generally very
firm, but the transactions were confined to a few
of the principal investments. Turkish 6 per Cents.
were about 94* to 958. and the 4 per Cents. 1031
Spanish Bonds at nominal prices. Russian 42 per
Cents. 961, and the small Bonds 97. Portuguese
3 per Cents. have been dealt in at 44 ; Guatemala,
584; and Mexican, 211
The London Railway Stock and Share Market
was very firm to day, London and North Western
Stock being again better ; Midland was again
higher, viz, 82i to t. Great Western is quoted at
66 to 66.1,, and Dover's at 22* to 7-16. Other
descriptions are well supported. Eastern Counties
were quoted at 91 to b ; Great Northern, 92 ;
London and South Western, 1071 ; London and
North Western, 10611.

With reference to— the market for American
Securities, Mr. E. F. Satherwaite reports as follows:
—" The market for American Securities in London
during the past week has been firm, with a
considerable advance in the price of Illinois
Central Shares and Bonds. The other descriptions
most currently dealt in have also realised slightly
advanced rates."

As was anticipated, the gold lately sent to Ire.
land is now flowing back into the Bank. Since the
publication of the last weekly balance sheet, some
large amounts of coin have been sent in, forming a
very opportune sot off against the withdrawals of
gold on Continental account.
The Submarine Telegraph Company has repaired
its line across the channel, which was broken by
•an accident in the late gales ; and the direct tele-
graphic communication with Paris, the interrup-
tion of which caused much inconvenience to the
commercial public, is now restored.
The ship Anglo Saxon has arrived in the Downs,
from Shanghai, with 508,785 lbs. of tea, and 2,705
bales of silk on board.
Messrs F. de Lizardi and Co. advertise the
half yearly dividend on Louisiana State Bonds,
issued in favour of the Citizens' Bank ; also, the
instalment and interest on the new Bank Bonds
of 1852.

The Paris papers continue to publish the pro-
spectus of the new Spanish loan for 3,240,0001
The subscription list is to close in Paris on the'
25th inst., and, as regards foreign countries, on
the 30th.
The commercial accounts from the Continent
contain very little information of importance,
but in some of the principal money markets
rather more ease is reported. At Paris capital
is in increased supply, but the Bank has not
yet been able to rescind any of its discount
regulations, and the stock of bullion continues
to decline. The subject which excites most
attention among capitalists and others at the
present moment is the probability of the constitu-
tion of the Bank being modified. It is expected
that the Council, at their sitting to-day, will take
the proposed alterations into consideration, and a
good deal of anxiety is felt for the result of their
deliberation ; but it is very unlikely that a decision
on the subject will be arrived at immediately, as
the question must necessarily involve protracted
discussion.