Northern Times.
Liverpool, Merseyside, England, 1859-03-07 00:00:00

COMMERCIAL,

Great excitement prevailed to-day throughout the Stock
Eichange. The markets opened at a general advance, con-
sequent upon the important article in the Xoniteur, although
.some tendency to reaction consequently took place. The
result already has been an advance of 4 per cent. in the
English Funds, and a material rise in nearly all' other
classes of securities. There is a strong disposition to
interpret the article in the Moniteur as an indication that
the Emperor Napoleon is shrinking back in face of the
aversion of his people to war, and of the hostile attitude of
Germany. His part, however, is a difficult one, for the
more hesitation he shows the less likely is Austria to make
those concessions, the attainment of which he apparently
thinks indispensable to his prestige. At Paris the Three
per Cent. Rentes exhibit the extraordinary rise of about one
and a quarter per cent. —Daily News City Article, Saturday
Evening.

The article in the Ilioniteur this morning, notifying in
the face of all the demonstrations made since the first of
January, that it is quite absurd to charge the Emperor
Napoleon with having caused uneasiness, created an
improvement in the English Funds. Of course it cannot
be said that confidence is materially re-established, the
phraseology of the article in the Idoniteur being such as to
prevent the slightest faith being placed in it as a
scrupulous production, but the impression is undoubtedly
strengthened, that if a European war be still intended, an
effort will be made, with the concurrence of Sardinia, to
delay it so that it may be brought about on some other
field than that of Italy. —Times City Article, Saturday
Evening.

Mr. Gladstone arrived at Paris on Sunday morning, on
his way to England.
The Elaine, with the Bombay mails, arrived at Mar-
seilles on Sunday, at nine a.m. They left for London at
ten a.m. ; twenty hours' quarantine.
There were some open air meetings in Hyde Park on
Sunday. They were professedly demonstrations in favour
of Parliamentary Reform. But few of the police were
visible, but in case of any disturbance a large number of the
force could have been quickly on the spot.
The Paris correspondent of the Times, in reply to a charge
in the Moniteur, of having misrepresented a recent conver-
sation between Prince Napoleon and Count be Persigney on
the Italian question, says that the Moniteur is no authority
on this point, and that if there be any incorrectness it was
because his report was a very modified account of what
passed. _

THE REFORM BILL AND THE LIBERAL PARTY.—The
Times announces that the heads of the old Whig party held
a meeting on Saturday, at which it was determined that
Lord John Russell should move a resolution as an amend-
ment on the motion of the Reform Bill, declaring that the
House of Commons will not assent to the disfranchisement of
those electors who now possess county votes in respect of
property situated in boroughs, or to the proposition that
the non-resident proprietors of freeholds in boroughs should
vote, in respect of them, f,,r election of borough members.
It is supposed that this re, .lution will unite in its support
the whole of the i.;h,,.•5~