The Northern Daily Times.
Liverpool, Merseyside, England, 1857-04-06 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, Saturdiy Evening

There is no change to notice hi our Cotton
Market. The trade buys only to meet their present
wants. The days sales are estimated at 6,000 bales,
including 1,000 on speculation and for export.
At the Liverpool Share Market to day there was
a moderate' business done, and prices were very
firm, with the exception of London and South
Western, -which declined Ito 2 per cent. The
transactions are reportecl as folloWs :--Caledonian,
341, I, ; Eastern Counties, 1114 ; East Lancashire,
90-t; Lancashire and Yorkshire, 102 i, k, k, I;
London and North Western, 1058, ; London and
South Western, 1031; Manchester, Sheffield, and
Lincolnshire, 39, e, i; Midland,. 82, k, 2,1.„, ;
York Capital Stock, 32 ; Dovers, t, ; Grand
Trunk of Canada, 151: Great Luxembourg con-
stituted 10 .

This being the 4th of April, A large amount of
paper fell due, which caused increased stringency
in the Money Market, and full rates in every
instance were demanded. On the whole, the
acceptances have been pretty fairly honoured. Ir
is that the conditiori of the bank, as compared with
its usual state for some years past, continues very
weak, and shows no indication of becoming
stronger; nor is it likely to do so, as long as the
demand for capital continues so urgent, for so
many different objects. To say nothing of the
requirements for many special objects abroad and
at home, we have only to refer to the continued
rapid increase of our export trade to understand
why the demand for capital continues so active.
Notwithstanding the large increase of exports
in 1816 over any former year, the two first
months of the present year show an in-
crease of 2,671,000/. over the same months
of 1856. It is not, therefore, probable, so long as
this state of things continues that the position of
the Bank will be materially strengthened, or that
capital seeking employment will become more
abundant. But whatever the immediate cause
may be which has led the Bank Directors to adopt
the course they have, the policy which they have
lately pursued, according to the Economist,- " has
proved to have been do sound and so well timed,
that the public have a right to believe that when
the accounts come to be published, embracing the
transactions of the present week, they will discover'
sufficient reason for it. The directors of the Bank
alone can know from day to day what steps are
needful to_ protect themselves, and at the same
time public; and if they find an unusual
requirement for discounts of the kind, which
clearly indicates that it is to satisfy a foreign
demand, the sooner they apply a check by raising
the rate, the better they protect themselves, as well
as their home customers, from inconVenienee ; and
it is the more necessary that the Bank should at
once resort to such a means of checking an undue
demand upon it, inasmuch as it professes never to
refuse to discount for its regular customers so long
es the bills offered are unobjeetionable." The
BankeriOircular says, that " the course adopted by
the Bank has created no surprise ; for it must be
obvious to every man who understands the move-
ments of the money market, that at this period a
very large reserve is held by the Bank to meet the
dividends now due, at the same time that gold is
being withdrawn from its coffers for purposes of
export."
In the Market for the Public Funds and Secu-
rities to-day, there was but a limited business
transacted. Increased business was caused by the
Bank return, which resulted in a decline of 1 per
cent. When, however, it became known that the
Marco Polo had arrived more firmness was appa
rent. The • report, however, that"" she had 122,000
ounces on board was erroneous, but the exact
amount—viz., only 15,000 ounces, as stated in the
telegraphic message from the outport, was not
known in sufficient time to have any influence on
prices, and the market, therefore, closed with a
steady appearance. Consols were 93k, for money,
and the Bth instant. " After hours" the latter were
931, and thelatest price for May was about 931
94. India Stock was 2221, and the Bonds were
par. The June Exchequer Bills brought 6s to 2s
discount, and the Bonds were marked 98k.
The following list shows the fluctuations in Con-
sols during the past week : .
Lowest Highest Closing

prices, prices, prices.
Monday ..... Money ... 93i 93' 931,
Account . 931 931 931
Tuesday Money, .. 94 931 • -931
Account 931 93R 93,4
Wednesday Money 934, 93
Account 93,1 031 931
Thursday ..... Money 931 031 93f
Account I 93 93!
Friday Money .. 93k 94 934,

Account 9311 93 934
Saturday Money .. 934 931 931
Account .. 9311 931 93i
The London Railway Share Market opened with a
dull feeling this morning, but as the day wore on a
general improvement occurred. The transactions
were, however, limited. The following were the
closing prices :-Ambergate, Nottingham, Boston,
and Eastern Junction; 51, 54; Bristol and Exeter,
90, 92 ; Caledonian, 69. 691 ; Chester and Holyhead,
34, 36 ; East Anglian, 19/, 201 ; Eastern Counties,
111, 111; East Lancashire, 99, 100 x n ; Edinburgh
and Glasgow, 56, 57 ; Edinburgh, Perth, and
Dundee, 35, 354 x d ; Great Northern, 964-, 971 ;
Great Southern and Western (Ireland), 105, 107;
Great Western, 66t, 671 ; Lancaster and Carlisle;
68, '72 ; Lancashire and Yorkshire, 102, 1021 ;
London, .Brighton, and South Coast, 107, 1.09 ;
London and North Western, 1054, 106 ; London
and South Western, 103, 103; ; Manchester, Shef-
field, and Lincolnshire, 381, 39; Midland, 82, 821;
Do. Birmingham and Derby, 53, 55 ; Norfolk;
57, 59 ; North British, 4445 i ; North Eastern-
Berwick, 86, 87; North Staffordshire, 41, 457 dis ;
Oxford, Worcester, and Wolverhampton, 30, 31 ;
Scottish Central, 106, 108 xd ; Do. Midland, 71.
73 x d ; South Eastern, 75, 76 ; South Wales, 87, 88 ;
Buckinghamshire, 92, 94; Hull and Selby, 107,
109 ; Eastern Counties ex, 5 per cent., (No. 1), 11,
p m ; East Indian. 109, 111 x n ; Grand Trunk
of Canada, 60. 62; Great Indian Peninsula Gus.
5 per cent, 211, 214 ; Great Western of Canada
Shares, 26, 264 ; Madras Gua. 41 per cent, 191.
20,; Ditto Third Ex., Gila. 5 per cent, a, ;pm ;
Scinde Gua. 5 per cent, 2, 21 pm ; Eastern of
France. 351, 351; Great Central France, 24, 241 ;
Great Luxembourg, Constituted Shares, 6t, 61 ;
Lombardo Venetian, 5, 51 pm ; Lyons and
Geneva, 33, 34; Namur and Liege, 81, 81 ; Nor-
thern of France, 404, 411 ; Norwegian Trunk
Preference, 9,10 ; Paris and Lyons, 62, 621 ; Paris
and Orleans, 61, 63 ; Royal Danish, 18, 20 ;
Sambre and Meuse, 91, 91 ; West Flanders, 4,1, 5.
The imports of specie during the week reach
about 600,0001., viz , by the Ceree, from Rotterdam,
19 casks silver bars; the Dolphin, from Antwerp,
38 cases 4 bags bullion ; the Rhine, from Boulogne,
11 oases 3 bags bullion ; the Persia, from America,
$306,335, or 61 0001 ; the La Plata, from the West
Indies. &c., $1,673,693, or 348,6471 ; the Slone,
from Boulogne, 13 boxes 31 cases bullion ; the
White Star, from Melbourne, 20,000 ozs. gold, or
80,0001. ; .the Rhine, „from Boulogne. 18 boxes
bullion ; the Baron Osy, from Antwerp, .63 cases
3 bags bullion; the Orient, from Adelaide, 1 box
gold dust, 400 ozs., or 1,600/. ; the Sultap, from the
Mediterranean, 6,833 ; and the Marco Polo, 15,000
ozs. of gold, or 60,0001.

The exports of specie for the same period were up-
wards of a million sterling, viz., by the Tagus, for
the Mediterranean, 6,2411. for Lisbon, and 44,99/.
for Cadiz ; the Teutonia, for Rio Janeiro, 68,0001. in
gold ;. the James Hartley, for the Cape of Good
Hope, 100,0001; the Orinoco, for the West Indies,,
60,7881 in gold, and 25,7601 in silver; the Colombo,
for Alexandria and the East Indies, 788,6841, of
Which 7,9981 was in gold, and the rest silver,
divided as follows : Gold, Madras, 4,9981 ; Ceylon,
3,000; Silver to Bombay, 258,3781; Madras, 11,6141;
Calcutta, 185,8451; Penang, 12,109/ ; Singapore,
31,5171; Hong Kong, 121,217/, Canton, 6,2971, and
Shanghae, 161,7091.

The official return of the exports of the precious
Metals from the port of London for the week ending
27th March was 4,5001 in sovereigns and 27,200
ounces of gold, also 2,500 ounces of silver coin.
Respecting the movements in Mines during the
week the.MiningJournal of this day says —" Business
this week has been dull and inactive, not only in