The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-19 00:00:00

MONETARY AND COMMERCIAL.

The Market for Cotton was steady on Saturday,
and the Baltic's advices tended to improve the
tone of the trade. The sales reached 6.000 bales,
exporters and speculators taking 1000. The
prices paid were 5 to 51 for Surat, 71 to 8-a for
Brazil, and 8-1 to 10 for Egyptian, The Europa
arrived here yesterday with New York advices of
the 7th inst., informing us of a firm market in
that city, and at higher prices. The stock
offering was small, and, as advancing prices
here were reported, holders were indif
ferent about selling. With reference to the crop
estimates there is nothing new in the Europa's
advices. The figure is still put down at three
million bales. Subjoined is a statement of the
particulars of cotton in the ports of the United
States from Ist September, 1856, to 7th January,
1857, taken from the New York Shipping List,
January 7 :

Receipts Exports to G. Britain Total Exports Stocks
1856 .._1,476,351 • 312,030 350,538 714,113
1855 ....1,517,799 500,526 808,012 636 355
Increase . 77,758
4.
Decreas,.. 257,474 ,

35,448 188,495

• The Liverpool Share Market manifested a dull
and sluggish tone on Saturday. The business
transacted was limited, and prices generally were
much the same as on Friday. London and North
Western Stock was held 106 and 100 k to I. Lanca-
shire and Yorkshire, 961„ •:„ 4. Eastern Counties,
9 9-16 ro,- Midland Stock, 821, -I, !, Dover,
22k, The market, although devoid of animation,
closed with firmness.

The Money Market has not undergone any
change since we last wrote. The measure adopted
by the Bank of England directors at their meeting,
on the Bth inst, still continues, but as they did not
raise their rate of interest on Thursday last, it is
surmised that they do not think the money market
to be so unfavourably affected as to justify any
fresh restrictions. Should circumstances inter-
vene to induce them to alter their policy, they will ,
have no hesitation in doing so, as they are un-
trammelled in the exercise of their discretion, and
can vary the terms without waiting for the usual
weekly court. The demand, both here and in
London, for discount accommodation for commer-
cial purposes continues unchecked, and the rates
charged by bill brokers and others are generally in
excess of the minimum, only the best class of paper
being negociated at that quotation. The Bank
Return analysed above gives ample proof of the
active circulation of capital, and as there is not the
slighest prospect of any diminution in the demand
at present, the public will, no doubt, have to pay
full terms for accommodation for some time to

come.
The English Funds on Saturday were rather
depressed, and a decline of about f per cent took
place. This weakness is owing to speculative sales,
but the market is not easily influenced, and, all
things considered, it has retained a firm position.
At present the market is in such an uncertain
state that there is no encouragement either for
the Bulls or Bears; and while the former seem
disgusted at the limited profit which has recently
attended their operations, the latter are intimi
dated by the inherent strength of values. The
general public still abstain from active dealing,
and there are no large operations to give vitality
to the market. Consols for Money were 93.
then 93, 4-, and the final quotation was 93i
For the Account they were 938 to 94, and after-
wards about 931 sellers The New Three per
Cents closed at 94, y, and the RAuced at 931
to 94. Bank Stock was firmer, viz, 221. In
Exchequer Bills no particular change occurred,

being is dis to 2s prom.
The following'. table shows the fluctuations of
he Consol Market during the past week :
Lowest Highest Closing
prices. prices, prices.
933—, 93
4 931
94k 94k 94k
... 93-k- 93k 93k
.. , 93k 94k 94k
.. 931 931 931
931 94 94
.. 934- 93a 93k
.. 93k 94 94
.. 93k 931 93,1.
... 91 941 94k
.. 936 93:4 93a
• 93i 941 94
▪ 93t 931 931
93k 94 93/
g

Saturday . Money
Account
Monday ..... .. Money
Account
Tuesday Money
Account
Wednesday Money
Account
Thursday
Account
Friday
A ccount
Saturday Money
Account

The dealings in the. London share markets on
Saturday were limited ; but, in spite of the weak-
ness of the funds, the quotations showed no general
decline. On the contrary, prices in several instances
have showed an improvement. particularly Brigh
ton, which are fully 1/ to 11 5s higher. Great
Western improved 5s ; North Eastern, 5s ; Lanca-
shire and Yorkshire, ss; and Scottish Central, 21.
South Western, Manchester, Sheffield and Lincoln,
Midland, Norfolk, and South Eastern were about
5s lower. The French lines have been dull, and
Northern of France and Paris and Lyons are rather
at reduced quotations. The Canadian lines are
steady, and Grand Trunk have improved about 10s.
The sales reported were, Bristol and Exeter, 932.
22 ; Eastern Counties, 91 ; Great Northern, 02 ;
Great Western, 66,1 ; Lancashire and Yorkshire,
96k, ; London Brighton and sea coast, 112, 133;
London and North Western, 1061, 6 ; London and
South Western, 1074, 7 ; Manchester, Sheffield, and
Lincoln, 34 ; Midland, 84 4.; Norfolk, 52, 14 ;
North Eastern, Berwick; 841; ditto, ditto, Exten-
sion, 199 ; ditto, Leeds, 184 ; North Staffordshire,
108 ; Shropshire Union, 49 ; South Eastern, 741 ;
Grand Trunk of Canada, 521-, 3, 2 ; Great Northern,
248 ; Dutch Rhenish, 12.
During the past week the importations of the
precious metals have not been very large, say
about 334,3561, consisting of 11,8391 from Egypt,
by the Ripon ; 55,5001 from the United States,
by the Canada; 30,0171 from the Peninsula, by
the Madrid ' • 177,0001 from the West Indies and
the Pacific, by the La Plata ; and 60,0001 in sil
ver from the Continent. The exports have also
been moderate ; viz, 13,6901 to the West Indies,
by the Oronoco ; and 48.3781 to the Continent,
through the London Custom House, making a
total of 62,0681, independent of about 150,0001 sent
to France by private hands In the silver market
the current price of bars is 5s 28d per oz standard,
and 5 franc pieces are 5s Old par oz. Mexican
dollars are nominally 5s lid to 5s lid per oz
About 320,0001, principally silver, is already
engaged to be shipped by the Peninsular and
Oriental steamer Pere, which leaves on the 19th,
and a further quantity would be despatched but
for the difficulty of obtaining an adequate supply.
The delivery of the Indian letters this afternoon
may, it is thought, stimulate additional shipments.
Owing to the orders known to be on hand, it is
believed the amount by the next mail to India and
China, on the 4th, will be at least 500,0001.
The commercial details from India by the over-
land mail to day are again satisfactory, the transac-
tions in manufactured goods having been consider-
able both at Calcutta and Bombay. The Chinese
advices, bringing full details of the operations at
Canton down to the 24th of November, and of the
continued obstinacy of Governor Yeb, who, not-
withstanding the destruction of the Bogue Forts
by the English and the Barrier Forts by the
Americans, had issued a proclamation, threatening
martial law to any of the people who might venture
to speak of peace, has caused an increase of firm
ness in the London tea market. The Shanghai
exchanges on this occasion are less unfavourable,
the rate having receded from 7s 5d to 7s 21d.
It was stated during the trial of Redpath that
it is a custom in a stockbroker's office to attest the
signature of persons to transfer deeds without
requiring them to be present. All knowledge,
however, of such an improbable practice is abso•
lutely denied by every member of the Stock-Ex-
change professing to carry on his business with
the slightest regard to prudence apd regularity.
Our usual weekly reports of the state of trade in
the
Tr3ezufacturing districts have come to hand.
At Leeds there is no new feature to report in the
woollen market. There bad been a fair attendance
of buyers in the halls, and ,an average business
had been done at firm prices. At Bradford the
transactions in wool had been rather more exten-