Northern Times.
Liverpool, Merseyside, England, 1857-07-14 00:00:00

THE NORTHERN TIMES.-LIVERPOOL, TUESDAY,.. JULY 14, 1857.

MONETARY AND COMMERCIAL.

MONDAY EVENING

There was rather more business doing in our
Cotton Market to day, and prices of all kinds were
extreme. The sales were about 12,000 bales,
including 1,000 on speculation and for export.
The Liverpool Share Market was very steady
to-day, with, however, little business going for-
ward. The statements contained in the telegra-
phic despatches from Trieste are interpreted as
not altogether confirming the alarming reports
which were circulated on Saturday afternoon,
respecting the position of affairs in India, and the
Funds to-day were consequently firmer. Prices
were about the same as at the close of the Stock
Exchange on Saturday, so that the further decline
That was quoted after the recognized hours has
been recovered. Consols for Money closed at 924,
and for the Account, at 921 to 921 After official
hours they advanced to 92 5-16 to 92 7-16. Exche-
quer Bills closed at 3 dis to 4 p.m., and the new
Three Per Cents at 92* to 924
One of the London papers of this evening re-
marks :—The excitement produced in the City on
Saturday afternoon by the vague statements cir-
culated with regard to the Indian news, has
partially subsided, and although the insur-
rectionary movements officially reported are
certainly very unsatisfactory, not the slightest
doubt is entertained of a speedy restoration of
tranquility. From the commence !lent to the close
of business on Saturday, the Stock Market was un-
settled, but in the course of the afternoon, and sub-
sequent to the recognised hours, considerable alarm
was spread among the few operators and brokers who
remained in town when several of the facts de-
tailed in the telegraphic despatch oozed out, and
the sales of stock are stated to have represented an
important amount. The information was the more
discouraging because unauthenticated, since an
impression prevailed that when the particulars
transpired they would be found extremely dis-
astrous. It is now evident, however, that the
revolt must be ultimately surmounted, and
although a short delay is probable, it is thought
the next mail will bring tidings of a satis-
factory settlement. Hence the favourable pros-
pects of the harvest and of the Money Market still
encourage the holders of Stocks and Shares, and
also many of the speculators, who anticipate a
lower minimum rate of discount, and an improve-
ment on the Paris Bourse. It is very annoying
that the Russian, Persian, and Chinese contests
should have been so quickly followed by this
Indian outbreak, and especially at a time when
there are signs of a mitigation of .the monetary
pressure that has been experienced during thsse
hostile proceedings. Although there is at present
nothing to justify the anticipation that the events
which are now made known to the public will
seriously affect this country in a financial point of
view, those engaged in Stock EXchange operations
are naturally anxious upon the subject. A short
time ago little attention was paid to politics, but the
perplexities of the Money Market exercised para-
mount influence. Now, however, a change has
occurred, and although the tendency of the Money
Market could scarcely be more encouraging,the va-
rious satisfactory symptoms that are manifested are
completely neutralised by the progress of affairs in
the East. There was quite a panic feeling in the
neighbourhood of the " House" on Saturday after
noon ; but a more careful consideration of the
advises has imparted increased confidence, and if it
should be speedily announced that the arrangements
made by by the Home Government and the hon. East •
India Company have proved successful, as they must
be sooner or later, the improving state of the
Discount Market will no doubt exert its usual
stimulating power in all departments of business.
The general demand for Discount to-day is steady,
and 54 to 51 per cent. are still the current terms
for first-class paper. The Market is abundantly
supplied, and the probability of an early reduction
of 4 per cent. in the minimum is again discussed."
In the London Share Market there was only
a moderate business done to-day, and prices
were pretty well maintained. rho following,
were the closing prices :—Ambergate, Notting-
ham, and East Junction, si, 54 ; Caledonian,
75i ; Edinburgh and Glasgow, 62, 61 ; Eastern
Counties, 111 1l ; East Lancashire, 97, 98 ;
Great Northern:, 931, 991. ; Ditto A, 91 ; Great
Western, 644 ; Lancashire and Yorkshire,
1001, 100}; Leeds Northern 44, 45; London and
North WastPrn, 10:3i ; London and South
Western, 100 i, 1001 ; Manchester, Sheffield, and
Lincolnshire, 43/, 431 ; Midland Stock, 834, 831 ;
North British, 43, 44; South Eastern and
Dover, 744 ; York, Newcastle and Berwick,
91, 92 ; York and North Midland, 714, 72.
After official hours the following prices were
paid :—Caledonian, 754 ; Eastern Counties,
114 ; East Lancashire, 97, 98 ; Great Northern,
984, 994 ; Ditto A, 90, 91 ; Great Western, 644,
644; Lancashire and Yorkshire, 1004, 1004 ; Lon-
don and North Western, 1034, 1034 ; Manchester,
Sheffield, and Lincolnshire, 43, 434 ; Midland
Stock, 831 834; North British, 43, 44; South
Eastern and Dover, 744 ; York, Newcastle, and
Berwick, 91, 92 ; York and North Midland,
714, 72.
Although the supplies were very small at to-lay's
London Corn Market, a further decline of 1s per
quarter occurred in Wheat, with only a moderate
demand. Barley was dull and rather cheaper.
Oats were a fair sale at last week's prices. Norfolk
Flour was offered at 44s per seek-
A special meeting of the North British Austral-
asian Company was held to-day to consider several
alterations to be embodied in the new deed, which
were deemed of so much importance that a further
time was required for considering them. This
was agreed to by Mr. Anderson, the chairman, and
the meeting was adjourned for a fortnight for that
purpose.
A general meeting of deputies from the jointstock
banks of England, Wales, and Ireland has been
called for this day (Tuesday) to consider the Joint
Stock Companies Banking bill, just introduced by
the Vice-President of the Board of Trade. This
bill requires, under heavy penalties, that every
banking company shall register under the Joint
Stock Companies Acts 1856-57, on or before the Ist
of January next. With regard to the formation of
new banks, it provides that any seven or more per-
sons subscribing a capital in shares of not less than
1001 each, may register themselves as a company
other than a limited company.
The result of the recent alliance between the
Great Northern,- and Manchester, Sheffield, and
Lincolnshire Railway Companies, is seen in an
official notification from the Kinds-cross station,
that " on and after the Ist of August next, a spe-
cial service of fast and other direct through
passenger trains will be established between Lon-
don (King's-cross station) and Manchester." It
remains to be seen what measurea the London and
North Western Company will adopt in face of this
threatened invasion of their Manchester traffic.

Mr. J. B. GOI:GH.—We are happy to be able to inform
our readers that Mr. Gough will leave America on the
15th of this mouth by the Niagara, f)r England.—Tfreekly
Record.
The memorial to the late Prof. Edward Forbes, appears
to have taken its final shape. A. sum of MOO has been
invested in the Three par Cant. Consolidated Annuities
—the dividend on which will constitute the money value
of the Furbes Prize. Any child can tell the amount.
The money will be expended in purchasing the medal
and a set of books—which latter will be selected by the
successful student.
We (Literary Gazette) announce with regret the death
of M. Alcide D'Orbigny, one of the most distiognished
of the modern naturalists of France, author of several
very highly esteemed works, and professor of palmoutology
in the Museum of Natural Histlry of Paris. One of the
earliest productions of M. D'Orbigny's pen was an
account of the mollusca of the island of Cuba. His
name wilt, however, be chiefly remembered in cannexion
with a spirited expedition, made about twenty years since,
to explore the natural history of South America.
AN INSANE ARCHITECT.—One of the most remarkable
articles which constitute the furniture of the Board-room
of the Belfast Hospital for the Insane, is a coloured ground
plan and elevation of the building. It is laid dawn on a
very large scale, with most scrupulous accuracy of measure-
ment, elaborate) finis.;
artistic style, and—the work of a
finisted in all its engineering details,
coloured in erf
' chronic lunatic! a nailor by trade; and when we met him
p
subsequently in the grounds, he was diligently at work
' In doing
anores. Ahe
neat piece
lynaruheing
t.al. pavisig, with various
coloured at