The Northern Daily Times.
Liverpool, Merseyside, England, 1856-09-29 00:00:00

THE COURT

BALMORAL, Sept. 25.—Her Majesty the Queen and the
Prince Consort walked and drove in the neighbourhood
of the castle yesterday—the inclemency of the weather
preventing any distant excursion. The royal dinner
party included her Royal Highness the Duchess of Kent,
her Serene Highness the Princess Amalie of Hohenlohe
Schillingfurst, Lady Augusta Bruce, the Earl of Aber-
deen, and Sir James Clark.

BALMORAL, Sept. 26.—The heavy rain this morning
prevented her Majesty, or any of the royal family, from
leaving the castle. Her Grace the Duchess of Wellington
has arrived, and has taken the duties of lady of the bed-
chamber to the Queen, in succession to the Marchioness
of Ely, who leaves Balmoral on her return to the south.
Her Majesty Irts again visited the falls of the Garr Valt,

the Duchess of Wellington being in attendance. Prince
Albert was out deer stalking yesterday. The Earl of
Aberdeen took leave of her Majesty yesterday, and
returned to his own seat, Haddo House, Aberdeenshire.
It is expected that her Royal Highness the Duchess of
Kent, with the Princess Amalie, will leave Abergeldie
Castle about Monday or Tuesday week, on her return to
her residence, Frogmore, near Winds.)r. The royal
Duchess will ly) att,qpiNl by Lady Anlinta B”uce and

1 S!r George Couper. The royal dinner circle last
evening was confined to the ladies and gentlemen in

mmediate attendance on the court.

DEATH OF MAJOR-GENERAL J. JONES, K.H.—Major-
General Jas. Jones, K.H., a Peninsular officer, died on
Monday last, at his temporary residence in Jermyn-street,
St. James's, in the 75th year of his age.

DEATH OF GENERAL HALKETT,—Gelleral Sir Colin

Halkett, G.C.8., Governor of Chelsea Hospital, and
Colonel of the 45th Regiment, died on Wednesday. By
his death the colonelcy of the 45th Regiment becomes

MONETARY AND COMMERCIAL,

LIVERPOOL, SATURDAY EVENING.
The Persia arrived here this morning, bringing
tclvices from New York to the 17th inst., inclusive.

The accounts respecting the Cotton Market, exer-
cised little or no influence upon the trade, here. The
market, however, was steady to-day, and sales to
the extent of 12,000 bales were reported, including
5,000 for speculation and for export. Sellers had
the advantage in price.
The Liverpool Share Market was rather dull
and depressed to-day, at the same time prices
were generally supported :—Caledonian, 27k. East
Lancashire, 20k. Lancashire and Yorkshire, 96, 611
7 3

London and North Western, 102 21
Midland, 761 7. South Eastern, 21, 201, 1,20 k, 1,
2074, 1.
The weekly circular of Mr. M'Niven contains the
following respecting the Money Market.:—
" The Bank of France has raised its rate of discount from
sto 6 per cent. The same process had been previously
adopted during the week by the principal banks on the
Continent ; and the motive generally ascribed to it, is to
prevent the export of silver, for which Russia has become
a great competitor, as well as India and China. The
following are the present rates at the banks referred to :
Bank of France, 6 per cent. ; Bank of Amsterdam, 41 per
cent ; Bank of Vienna, 5 per cent. ; Bank of Prussia, 6 per
cent ; Bank of England, 41 per cent. At Hamburg,
the current rates are 8,1 and 9 per cent. The drain
of si'ver is now arriv-d at such is pitch, that wherever
f.le. double standard is mai-. ,ined on the Continent it will
cave to be demoney tised, and even in India it must
eventually be replaced by a gold circulation, but it is proba-
ble, that as the rise in the value of money upon the
Continent must tend to diminish the profit upon shipments
of silver to India, that silver will be sent back to the
Continent agqin—at least to some extent. Few persons
expected this movement so soon on the part of the Bank
of France. Though it has caused a decided fall in most
descriptions of English Securities, there has been nothing
like a feeling of alarm ; and it is even expected in several
quarters that it will tend to prevent some of the irregu-
larities in the phases of the Money Market, which have
lately occasioned so much perplexity. At all events, it has
opened the eyes of all parties to the exact nature of the
financial problem of the causes and consequences of the
continuous great export of silver ; and no doubt it will
facilitate its solution by causing opinion to operate upon
the authorities in the Continental states, which still main-
tain the double standard. The state of the Money Market
under these circumstances engrosses attention. Numerous
projected enterprises, some of which, from their useful
character and freedom from merely speculative issues,
would undoubtedly receive public encouragement, if capi-
talists and others saw their way clearly, are now either
dormant, or have actually expired. There is, besides, a
decided spirit of caution abroad ; and, though there is no
acuity of money, the market is quite asstringent as if the
reserves of the discount houses and joint stock banks ware
exhausted. This state of feeling was engendered in the first
instance, by the continental absorption of gold ; then it was
strengthened by the disastrous failure and disgraceful
management of the Royal British Bank ; and now it is con-
firmed by the general advance in the rates of interest by the
principal banks in all the leading commercial cities of
Europe. These circumstances are more than enough to
explain the uneasiness visible during the last three or four
weeks. It is now believed that the Bank of England will
advance its minimum rate of discount from 41 to 5 per cent.
It was thought that this step would be taken on Thursday,
but the inclination of general opinion was against it, prin-
cipally on the ground that the October dividends will soon
release a large amoent, while the public revenue is favourable,
trade sound, and money in abundance can still be found for
all legitimate objects, either at or below 41 per cent. It was
said, too, that if the hank were to advance to 5 per cent.,
they would in all probability suffer a considerable reduction
in their discount business, from the competition of private
establishments, just as they did before the last reduction.
Such is the actual state of the market. At the same time
there are political complications with Naples, Russia, and
Austria, which have contributed to aggravate the symptoms
we have endeavoured to describe."

To-day the market for Public Securities has been
rather agitated. At the commencement of business
previous quotations were current, but owing to a
few heavy sales a sudden decline of nearly # per
cent. ensued. Later in the day there was a slight
recovery, but the market was exceedingly feeble.
Money on the Stock Exchange is in active demand,
and high rates are charged for temporary accom-
modation. Consols for Money were 931 then
928 to 93, and lastly On. For the Account the

prices were 93 to 93,f, then sellers at 93, and at the
official close of business 931 to 931. " After hours"
there was no further change. Exchequer Bills,

which had hitherto ruled firm, receded 2s. to 35.,
being 10s. to 13s. premium.

The following list shows the fluctuations in Con-
sols during the past week :

Lowest Highest Closing

Money
Account
Tuesday Money
Account
Wednesday Money
Account
Money
Account
,Money
Account
Money
Account

Monday

prices. prices. prices.
shut
941 94:4 941

Thursday .

Friday

931
94
931
931

Saturday

In the London Share Market to-day there was an
average decline of 1 per cent, although, in some
instances, it has been 12, and even 2 per cent. The
arrangement of the account was proceeded with,
but the rates of " continuation" increased. Thus,
on Lancashire and Yorkshire the charge rose from
a to 1 per cent, and on some others in the same
proportion. Great Western receded Brighton
11, North Western 1, South Western 2, Midland 1
to 14, North Eastern (Berwick), t to 1, and South
Eastern l to 11. Foreign Shares were neglected.
Rigas remained at about Ito 11 premium. Great
Western of Canada were ato 1 lower. Great India
Peninsular New shares were heavy. Euphrates
Valley ruled at a -Z- premium. A call of 2/ lOs
(making 8l paid) has been made on the shares of
the Great Western of Canada Company's New
Shares.

The imports of specie this week were by the
Ravensbourne, from Antwerp, 46 cases 13 bags of
bullion ; the Sultan (s.) from the Mediterranean,
3,5001; the Niagara, from America, 497,923 dols,
or 99,600/ • the Baron Osy, from Antwerp, 35 cases
5 casks of bullion, and 1,561,360 dols, by the
Persia.