Northern Times.
Liverpool, Merseyside, England, 1857-11-21 00:00:00

'HE CHEAPEST HOUSE IN LIVERPOOL.

FOR REALLY GOOD
WATCHES AND CLOCKS, GOLD CHAINS,
WEDD NG RINGS, &c., &c.
EDWARD EUSTANCE,

PATENT LEVER WATCH AND CLOCK MANUFACTURER
AND JEWELLER,
No, 4, Corner of MANCHESTER-STRET, DALE-STREET,=
LIVERPOOL.

REPAIRS EXECUTED with skill and despatch, charges mederate.

MONETARY AND COMMERCIAL.

LIVERPOOL Friday Evening

Business wa3 rather better to-day. The, Funds
-sere firmer- There has been no news of impor-
tance, but Purehasers predominated, and prices
2dvaneed 4 per cent. Throlfghout 'the- Stock
Exchange business was quiet. The absence of
further commercial failures Seem to have produced
some increase of confidence, but the inquiry for
scount accommodation is unabated. - In the
Produce Markets tc-I;.y there was a better tone,
but little, if any, extension of business or improve-
ment in prices.
The Cotton M 4ket was very quiet today, and
prices merely not inal, with sates estimated at
about 2 000 bales, if which 700 were on speculation
and I,r export. :`,lessr3 Wright, Junior, and Co.,
in theii: Circular, for transmission by the Europa,
make the following remarks upon the State of the
Trade :

The improved feeling, at the clise of business last week,
reported in our circular advices of the 13th inst., pe:
Africa, has not b en of that durability then exp2e.ed to
result from the suspension of the Bank Act, the infringe.
meat of which has surpassed general expectation. Addi-
tional mercantile and banking failures have occurred,
increasing the mistrust previously existing, and caueieg
much apprehension for the.standing of many who, a month
a,go, were considered eillaent, but are now in n-cessity
The sningency of money metteis, and the want of greater
accommodation, has a powerful influence in controlling
the action of all cl-sses ; end, in antic pation of maturing
engagements, for which it is dttficult to find fords by
other means, sales of produce are proceeded with. The
amounts from the East, and the more promising aspect of
American affnirs, stimulated the demand for Cotton in the
e trly part of the-week, and prier a assumed more steadiness ;
but, a?. the Manchester market did not respond, we again
relapsed into quietness and irregularity, with restricted
buying and increased efferiegs, which has resulted in a
decline of Id to Sd per lb on the nominal quotations of last
Friday. The statistical pcsition of the staple is lost sight
of by present more weighty considerations. Consumption
has diminished about one-third, or even more, anti the
production is confined mere to the wants of Eastern
markets than Continental or the heme trade. The
movement of specie is in favour of an it flux into the
bank coffers, al h cugh extensive local demands keep up the
drain te-rporarily, by coeverting s7curities into c 'sic as a
necessary precaution. The total sales of the week am unt
to 20,530 bales, of which 10,930 are American. Speen-
/ators have t ken 3,480; and Exporters 2,250 le lying
14,800 beles of all kinds to the trade. The import h r
same time is 11 557 bales, of which 5,651 ere American
The quantity known to be at sea from American parts is
about 57,0 A hales.