Northern Times.
Liverpool, Merseyside, England, 1857-12-12 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Friday Evening,

The Cotton Market was very dull to-day. The
offerings were large, and prices unsteady, The
sales to-day were estimated at 3,000 bulos, includ-
ing 500 on speculation and for export. The decline
in the week is fully It per lb., though a quantity
could be had at a greater reduction. Messrs.
Wright, jun., and Co., in their circular issued for
transmission by the Persia, remark
At the close of business, last week, our Cotton market
presented a very quiet aspect, and the sales were again.
daily becoming mare circumscribed. The present opened
without any amelioration in the causes affecting commerce,
and the gloomy feeling then prevailing has increased
rather than diminished as time progresstd, aggravated by
the continued adverse reports from Continental _Europe,
and further me:eantile failures of magnitude. 'Tee position
of the Bank of l.ngland is gradually and sensibly improving,
and the anticipated arrivals of large amounts in specie
tend to strengthen the hope of some relaxation in the rates
for discount, whilst the maturing of drafts representing
heavy sums, after such restricted accommodation during the
past two months, can scarcely fail to place at the disp:isal of
trade an increased supply of capital. The knowledge,
however, that all produce now, mad for some time, coming
forward, has to face a serious loss, helps to keep alive the
distrust, and engenders great caution, nod in this state of
perplexity returning confidence makes slow progress.
Biased by current events, and with the proepeet of large
supplies from America—whatever the ultimate extent of
the crop maybe—spinners see no inducement to add to
their holdiag., and buy only for immediate require.
mints, nor dots it seem probable that this course will be
deviated from so long as the trade continues so dep-essed.
The burden of accumulating stock pressses heavily on
importers, with money so stringent, and, as a general
feature, all are willing -eellers at somewhat irregular
value, the lower qualities in particular, which have been
forced at nominal rates, and a good portion of the recent
import is placed for immediate sale on landing, and realised
at best prices obtainable. The tttal sales of the week
amount to 20,300 bales, of which 13,560 are American.
S culators have taken 1,640, and exporters 990, leaving
17,670 bales of all kinds to the trade. The import for the
same time is 54,223 bales of which 41,935 are American.
The quantity known to be at sea from American ports is
abaut 44,000 bales.

PRICES TO DAY.
New Orleans Fair ..611 Middling.. 6 5-16 d Ordinary.. 3d to QI
Mobile „ ..64d Gid „ -41 to 4id
Atlantic „ -60 „ Gd „ 3id to 41d
Total tam forCons'ption, 1857, 1,810,250 bales. 1856, 2,042,360 bales.
Export (actual) „ 242,177 „ „ 237,374
American Brazil Egyptian E. India W.lndia Total
Stock this day.. 1 .0,740 38,320. 14,180 116,570 1,840 351 620
Same time 1856 218,680 27,210 42,750 48,820 470 338,000
Messrs. Kershaw and Jardine say-
Our advises from the States during.the past week add
little to what was previously known ; the Atlantic's news
oat had produced some irregularity in prices at the Sou,h-
ern Ports, Although the thf63iency in receip's op to the
present time amounts to upwards of 320,000 bales, when
compared with last year, yet all accounts as to the probable
yield of the present crop must be received with caution, as
other reasons than that of the late reason may account
for the falling off. Under the influence of the present
state of the Money Market, the demand here continues
extremely limited, nor can the Trade be expected to extend
their operations so long as a ruinous rate of discount
exiits. Holders consequently have accepted loner pricer,
and the quotations which have again become nominal, are
about aa. per lb. all round below those of Friday last.
The Liverpool Share Market has been very
steady tc-day, with a tendency towards improve-
ment at the close of the market. The following
were the day's transactions:-Caledonian, 381, 381
381, 38 9-16; Lancashire and Yorkshire, 91a, 91,
901; London and North Western, 94; Manchester,
Sheffield, and Lincoln, 361, 30,33, 36f, 36;1 ; Midland,
85k, 851, 81, 851, 853, 851; North Eastern, 231;
York Capital Stock, 401, 401 Dovers, 19
3-16 ; Grand Trunk of Canada, 9a. The
following were the closing prices: -Black-
burn, 98, 91 ; Cheater and Birkenhead, 65k,
651 ; Caledonian, 381, 38 9-16; Chester: and Holy-
head, 16, 16,a; Eastern Counties, 10 la-16, 11 1-16;
East Lancashire, 881, 89 ; Do. 9/. Shares, par, p ;
Great Northern, 231, 24 ; Do., A, 10, 101; Great
Western, 51, 51 ; Lancashire and Yorkshire
Stock, 91, 911 ; Do. 9/. shares, par 1- p ; Liverpool,
Crosby, and Southport, 171, 18* ; London and
North Western Stock, 94, 941; Manchester,
Sheffield, and Lincolnshire, 361, 36a; Midland
Stock, 851, 851; North British, 11a, 12; North
Staffordshire, 42, 41 d ; North Eastern -Berwick,
23 3-16, 23 5-16 ; York and North Midland, 40a,
40*; Leeds Capital Stock, 251, 251 ; South Eastern
and Dover, 19 3-18 191 ; Dutch Rhenish, 5 , 51 d ;
Great Western of Canada, 181 18a ; Do. new
shares, 2-1 21 d; Great Luxembourg, 6 1-16, 6 3-16;
Grand Trunk of Canada, 9 5-16, 911.
The following are the weekly Traffic Returns,
received up to this evening :-Bedale and Leyburn
861; Belfast and Ballymena 1,1491; Birkenhead,
Lancashire, and Cheshire 2,4101; Blackburn
1,0011; Bristol and Exeter 5,135/; Caledonian
12,7191; Chester and Holyhead 4,5531; Cork
and Bandon 3081; Cork, Blackrock, and
Passage 1851; • Deeside 2341; Dublin and
Belfast Junction 1,2241 ; Dundee, Perth, and
Aberdeen Junction 880/ ; Dundalk and
Enniskillen 459/; Dublin ana Drogheda
1,573/ ; Dublin and Wicklow and Dublin
and Kingstown, 1,494/ ; East Anglian , 7931;
Eastern Counties and Eastern Union 21,705/;
East Lancashire 4,7111; Edinburgh and Glasgow
and South Dunfermline 5,0714 Edinburgh, Perth,
and Dundee 2,800/; -Glasgow and South Western
6,163/ ; Great North of Scotland 1,2901; Great
Northern 22,3381; Great Southern and Western
5,673/; Great Western 25,9611; Kendal and
Windermere 1161; Lancaster and Carlisle 5,52)1;
Lancashire and Yorkshire 17,8b7/; Llanelly
Railway and Dock 3841; London and Blackwell
1,2951; London, Brighton, and South Coast 12,208/;
London and North Western 51,1041; London and
South Western 12,2571; London, Tilbury and
Southend 7631; Manchester, Sheffield, and Lin-
colnshire 9,144/; Manchester, South Junction and
Altrincham 815/; Maryport and Carlisle 942/ ;
Midland 30,7281; Midland Great Western 3,0811;
Newcastle and Carlisle 3,7251; North British 4,6611;
North Eastern 32,0171; North Staffordshire Rail-
way and Canal 6,559/; North Western 811/; Oxford,
Worcester, and Wolverhampton 4,0371; St. Helen's
Canal and Railway 1,4371; Shrewsbury and Bir-
mingham 1,5471; Shrewsbury and Chester 2,5071;
Shrewsbury and Hereford 1,5091; Scottish Central
2,6821; Scottish North Eastern (late Aberdeen)
3,5221; South Devon 2,0621; South Eastern 15 5881;
South York and River Dun 2,7991; South Wales
6,9121; Ulster 1,302/; Vale of Neath 1,536/; Warring-
ton and Stockport 2211; Waterford and Kilkenny
2981; Waterford and Limerick, 1,1131; West
Hartlepool Harbour and Railway 3,104/; White-
Whitehaven and Furness, 432/ ; Whitehaven
Junction 416/ ; Buffalo and Lake Huron
1,001/; Dutch Rhenish 2,406/; Eastern of France
(late Paris and Strasburg) 39,573/; Grand Trunk of
Canada 9,758/; Great Luxembourg 1,0111; Great
Western of Canada, 9,0471; Northern of France
42,229/; Orleans, Bordeaux, and Branches 43.0771;
Paris and Lyons 40,464/; Sambre and Meuse
1.,273/; Western and North Western 30,666/.
Commercial matters were rather more encouraaa
hag to-day, the large arrivals of specie during the
past few days, the expected favourable Bank
Returns this evening, coupled with a less demand
for money, has had a cheering effect upon the
Stork Exchange, and the Funds to-day were rather
buoyant, and closed at, an advance of per cent
The demand for silver for Hamburgh continues
but as this causes an effiux of gold to England,
this is looked upon with a favourable eye.
Business in the Public Funds and Securities
was very buoyant this morning, and quotations
show an improvement of 1 per cent. on yesterday
There is a strong disposition to operate for an
advance, and the continnous arrivals of specie have
a very beneficial influence. Consols opened at
91*, 92 ex-dividend. More recently, however, there
have been 92 buyers, in consequence of a report
that better intelligence had arrived from India.
At two o'clock they were 91L 92. The New Threes
have advanced to 911, 92; the Reduced to 91a, 92 ;
and the Five per Cent. Annuities to 113 Ex-
chequer Bills are flatter, being 33. dis. to par ; and
the Bonds 98 ; India Bonds are also lower, viz ,
235. to 335. dia. ; and Bank Stock is 217,219. At
the close of the market Consols were quoted at
911 to 91;1

in the London Railway Share Market there

At LEWIS & COMPANY'S, Raaelagh-street.
BOYS are CLOTHED from the Ague of Six to Twenty Year