The Northern Daily Times.
Liverpool, Merseyside, England, 1856-11-01 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, FRIDAY EVENING

The Cotton Market has manifested a rather
firmer tone to-day, than it did since the commence-
ment of the week. The sales were about 8,000
bales, of which speculators and exporters took
2,000. The price of " fair" Cotton, as declared
by the Brokers' Committee this afternoon, is 70.
for Bowed, 70. for Mobile, and 72c1. per lb. for
New Orleans. The following monthly review by
one of our most respectable cotton firms, is worthy
of an attentive perusal :
The dull tame feeling by which the market had for so long
a time been characterised previous to the close of last month,
began at that time to give place, under the influence of unfa.
vourable accounts of the American crops, together with advices
of the maintenance of high relative prices in the various mar-
kets and consequent light shipments to this country, to a
general manifestation of confidence and activity. For a while,
however, this feeling was in some degree held in check, the
Bank of England having, in consequence of the heavy drain of
bullion to the Continent, deemed it adviseable on the Ist inst.
to raise the rate of discount from 42 to 5 per cent., and again
on the 6th instant to 6 and 7 per cent. Notwithstanding,
however, the serious disadvantage to general trade which these
restrictive movements involved, the market gradually gathered
strength with the progress of the month, the reduced estimates
of the crop which were in the meanwhile received from the
States, overruling, in the estimation of all classes of buyers,
all mere monetary considerations. The sales of the week
ending the 10th instant were 63,730 bales, with an advance of
&d per lb in all the most current qualities of American
descriptions; during the ensuing week 73,000 bales were done
at an advance of 1-16 d to ad. per lb; and during the week
ending the 24th instant, a business of no less than 129,890
bales was transacted, 71,310 of which were taken for specula-
tion and export, and the further material advance of i!,d to 4(1
in the common, and id to '4O per lb in the better classes of
American was effected, together with an improvement of -A-d in
Brazil and Egyptian, and ad per lb in Surat.
The sales of the week amount to 53,110 bales,
17,030 of which have been taken for speculation and

export
There was a rather active demand for railway
property on the Liverpool Stock Exchange to day.
The market opened 'firm, with a strong enquiry
for the heavy stocks and leading lines. In the
early part of the day sales were made in Black-
burn at 91. Caledonian, 27k 8. East Lancashire,
20g. London and North Western, 104. Manches-
ter and Sheffield, 341. Midland, 791. South
Eastern, 211. Lillie afternoon, the accounts from
London being of a favourable character, more
activity ensued, and we note the following sales :-
Chester and Birkenhead, 151 Do £22 shares, 124
Blackburn, 9',77 Caledonian, 28. Eastern
Counties, 91 3-16. Lancashire and Yorkshire,
93k, 1, 5. London and North Western,
1042, .2. 1. Manchester, Sheffield, and Lincoln,
342, y, . Midland, 79-3, I, 74. Berwick Capital
Stock, 201. South Eastern, 211, 8,1, H. Great
Western, 211 Ditto new, 2ap. We append the
closing rates of the day :-Aberdeen, 12 121.
Blackburn, 94. 9/. Chester and Birkenhead,
151 151. Caledonian, 271 28. Chester and
Holyhead, 171 18. Eastern Counties, 91 9
5-16. East Lancashire, 201 202. Great Nor-
thern, 231 231. Ditto, A shares, 10 10/. Great
Western, 64 641 Lancashire and Yorkshire
Stock, 941 95, Liverpool, Crosby, and South-
port, 17 18. London and North Western
Stock. 1041 1043. Manchester, Sheffield, and
Lincoln, 34?,- 311. Midland Stock, 791 . 791.
North British, 9 5-16 9r4. North Staffordshire,
5,1 sad. South Eastern, and Dover,. 21 5,16 211.
York, Newcastle, and Berwick, 20 20a. York
and • North Midland, 29 291. Leeds Capital
Stock, 171 171. Buffalo and Lake Huron, a id.
Dutch • Rhenish, 1 lip. Great Western of
Canada, 25a 251. Ditto, New Shares, 21 21p.
Great Luxembourg, 11.1 l l d.
There begins to be less pressure in the Discount
Market. Money is hardly so much enquired for,
and the supply of money, is said to be more plen-
tiful, at the same time there is not any alteration
in the rate of interest. The Consol Market
opened this morning with firmness, at its full rates
of yesterday. For Money the opening price was
92i; a decline then took place, and 931 was the
rate paid. Subsequently there was a rally, and
sales were made at 92a. For the Account the
transactions effected were reported at 921, -1, a.
-The New Thret, per Cents were quoted and done
at 911, 9§,. Sales of Exchequer Dills were
reported at 4s prem. for large, and 5s prem. for
small. The closing rates were 92a I for Money, and
92i 4 for December.
The London Share Marl
day, and rather, more business doing at, better
prices. We note transactions in Eastern Counties
at 9. London and North Western, 10-11. Man-
chester, Sheffield, 'and T,ineidn, 311. - Midland
Stock, 79,1. North British, 373 South Eastern,
731, 1. York, Newcastle and Berwick, 80.
The Grain Trade continues tolerably steady. At
Mark Lane to-day, the sales of wheat and flour
were dull, and former rates were barely sustained.
Lower terms were accepted for oats, but barley
being in good request, ' brought full' prices.
The sales of wheat . were limited .at Wake-
field, but prices were sustained. Other articles
found bnyers without any particular change in
price.. The Liverpool Corn Market, to day, ruled
quietly,' without any marked change in price.
Detailed reports of tliese markets will be found
in another column.
The James Baines, which left
'Melbourne for
Liverpool on the Bth of 'August, has on board gold
to the amount of nearly 700,0001, and her arrival in
the Mersey may now be hourly expected.
By advices per the Overland Mail, we have
received intelligence from Melbourne to the Bth of
August, inclusive ; .Adelaide, August 1; and
Sydney, July 30. The commercial intelligence by
these advices inform us that the export trade at
Melbourne had steadily kept a-head of the imports.
The accounts of the traders with the mercantile
body had improved, and the better feeling had
induced the banks to be a little easier in their
credits. Business, generally, was sound and steady,
and, in consequence of judicious exports from
the home country, no longer exhibited those
violent fluctuations which were formerly the
characteristics of the trade of Melbourne. The
Melbourne _ Chamber of Commerce were engaged

very steady t

in conducting several matters, calculated to pro-
mote the ends of trade and commerce. Steps were
taken by a congress of gentlemen, with the view
of adopting the best means of lighting the
Australian coast, and for fixing upon the sites for
lighthouses. FrOm Adelaide, South Australia, we
learn that the business doing in imported goods
was limited, and larger shipments expected from
England acted as a check upon dealers going
heavily into stock. Money was a shade tighter, the
selection of discount paper being somewhat more
stringent, owing to a few small stoppages among
dealers. Trade, however, was sound, and there
was no difficulty in obtaining the necessary
facilities for all legitimate purposes. At Melbourne
there was very little wool offering, and sellers were
desirous to hold on until the Red Jacket arrived
out, with an account of the May sales. Scoured
brought 19d to 22d per lb, and hand washed and
slipe, 14d to 160. Tallow was in low demand,
and difficult of sale. Beef 33/ to 35/, mixed 38/,
and mutton 401 to 451 per ton, according to quality.

BANK OF ENGLAND RETURNS.

An Account, pursuant to the Act 7th and Bth Victoria, cap,
32, for the Week ending Oct. 25, 185 6

ISSUE DEPARTMENT.

Debit. Credit.
Notes issued £23,538,205 Government
Debt
Other securities 3,459,900
Gold Coin and
Bullion

9,063,205

£23,538,205 I

Total .... £23,538,205

BANKING DEPARTMENT.

Debit. Credit.
Proprietors' Ca- Government se-
pital
Rest
Public deposits 4,201,284 Notes 3,065,350
Other „ 10,044,763 Gold and silver
coin

..
Seven day, and
other bills..

574,391

939,449

Total .... €32,925,901

Total £32,925,901

The foregoing bank returns show the following
results when compared with those of preceding
week :—Notes issued, decrease, 167,980/. ; bullion
in both departments, 9,637,596 i. ; decrease,
122,8801.; rest, increase, 9,386/. ; public deposits,
increase, 160,6941.; other deposits, decrease
436,4571.; seven days and other bills, decrease
43,743/. ; on the credit side government securities
show a decrease of 303,0511; other securities de-