The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-09 00:00:00

Eastern Counties Ex. 6 Der Cent. (No. 1)

East Indian

,

Grand Trunk of Canada

Great Indian Peninsuia G:la. 5 per Cent ... 201
Great Western of Canada Shares
_Madras Ga i. 41 per Cent.
Do. Third Ex,, Gua. 5 per Cent .. p pm
Scinde Gua. 5 per Cent. l 2 pm
The following general remarks from the circular
of Messrs. Littledale and Company, are worthy
of perusal :
The produce markets are certainly in a singular position,

at the opening of the year, nearly every article was thought
to have reached a dangerous height, but yet deficient stocks,
short supply, and large consumption, led to the conclusion
that a father rise was more probable than a fall, and such
has been the fact, c otton, wool, silk, hides, sugar, coffee and
tea, are sliehtly dearer. Bat where are they to stop ?
There retut be a culminating point somewhere : though
arguments and figures would persuade us that that point
has not yet been reached, let it be borne in mind, that it is
the force of those figures that has carried us to the present
high point, and not actual scarcity ; and that they never
appear so strong as when we have reached the mama.
To suppose that the present range of prices will not
check consumption, as many argue, is to reject all
former precedents—nor need we dread a famine in any one
of these articles—the moment they become dear, a very
large class of consumers and buyers are excluded from their
purchase, and they naturally fall into the hands of the
richest customer, and it is said to be a failing with John
Bull, that he never will buy when things are really cheap,
but stands aloof in the expectation that they will be still
cheaper, tilt ether countries have got their supply, and
whenr he sees the stocks diminishing and prices rising
he then sets to in earnest. Is not this the case at the
present moment in the cotton crop of Arne-ice, that whilst
all other countries are taking their full usual proportion,
we have got nearly 200,000 bales less—the same with regard
to Sugar, whilst the Americans and others are buying all they
want in Mauritius, Manilla, and eleswhere, we are quietly
waiting till prices get up, and may then take a good slice
oft the remainder. For the present, there is no doubt
we are suffering from deficiency of supplies, and
may do so for a short time to come, but before
the end of the year, rely upon it, figures and estimates will
he greatly changed. The favourite argument now is, that
the rest increase in the supply of gold has changed th'
relative value of all other articles, and that from the
abundance of labour and prosperity which it has caused
throughout the world, the operative classes have become
much larger consumers of everything, and that a much
higher range of prices will for the future be established.
All this may be true enough for a time, and his been
greatly aided by the profuse circulation of £200,000,000
sterling by the allies during the two years of the war; but
let it not be overlooked that the majority of the artizans
and labourers who have become greater consumers have
also become greater producers; and as'every man is said to
be able to produce three times as much as he consumes,
this increased employment of labour and mechanical
appliance, the rapidity of intercourse, the stimulus of high
prices, and above all, the increased money facilities, must
eventually give to the world vastly increased supplies of
every article of produce, and probably at prices little
different from those of past years."

During the past week the imports of the precious
metals have been large, viz., about 844,231/, and
have consisted of 600,000/ from Mexico by the
Atrato, 133.0001 from the United States by the
Asia, 83,2341 from the Peninsula by the Alhambra,
and 8,000/ by the Tagus, as also about 20,0001 in
silver from the Continent• The Bankers' Circular,
of Saturday, thus particularises the imports :
By the Vesta from Oporto, 9 cases gold and
silver coin ; the Ravensbourne from Antwerp,
37 cases 2 bags bullion ; the Panther from
Boulogne, 2 cases of bullion ; the La Plata from
the West Indies and Mexico, $2,923,815 or 684,7001.;
the Alhambra, from the Mediterranean, 37 pkgs.
specie, or 38,3561; the Asia, from New York, $435,800
or 87,160/. The exports have also been to a large
amount, and have been chiefly silver, to the East
Indies and China, viz , 971,300/. by the Ripon,
15,0001. to the Cape and Mauritius, 32,470/ to the
Continent, through the London Custom House,
and about 120,0001. by private hands to France,
inching a total of 1,138,770/ The following
are particulars of the exports to the East,
by the Oriental Steam Company's ship " Ripon" to
sail from Southampton to morrow:.—Bombay,
332,7151; Ceylon, gold. 14,6681; Calcutta, silver,
433,156/ ; Madras, gold, 3,220/ ; Madras, silver,
17,3001; Penang, silver, 5131; Singapore, gold, 1001;
Sino.pore, silver, 10,225/; Canton, silver, 1,2201 ;
Hong Kong, silver, 24,069/ ; Shanghae, silver,
133,742/; total, 971,3281.

We take from the Mining Journal of Saturday
the following weekly report :

iug, taw %Nee& it gu.iu uusiness nay been done, and
more in high priced shares than was observable last week,
in fact, many of the small shares we then notice!) as having
been largely dealt in, have not maintained their prices.
South Frances shares have been mostly in demand, and
have advanced from 330 to 360, 370 ; the cause of this is
owing to a discovery in the 104, west of the cross course,
anal shows what we have often pointed out, the value of
cross cuts. It would appear from the 104 upwards, the lode
had been poor west of the cross course, but by driving a
little north in the 104 the lode was found, and the inference
is that it had been missed in all the levels above. This is
not only important to South Frances, but the mines west,
particularly West Frances and Grenville. Basset, 300
to 3021-, the dividend declared at the meeting was 8/
per s. h ire. Alfred Cinsols paid a dividend of 9s. per
share, and the next is expected to be larger; shares, 221-
to 23.

La the Colonial Produce Markets both here and
in London, there has been a rather active business
transacted. Full rates have again been realised,
with a few instances of a slight advance, and when
the market closed considerable firmness was
apparent. Sugar has been in steady demand at
enhanced prices, the refiners and grocers having
effected large purchases. Mauritius crystalised is
Gd to is and other kinds 6d per cwt dearer. The
stocks of this staple in the principal ports of
Europe on the Ist instant, were 89,280 tons against
112,137 tons at the corresponding date of last year.
Coffee has risen in value owing to the scarcity of
consuming qualities, and Plantation Ceylon has
advanced is to 2s The stock on the Ist instant
were 54,727 tons against 58,507 tons at the same
date last year. Cocoa has remained dull. Rice is
in request at former rates, and tea has been quiet.
At the public sales the current quotations were
generally supported, With regard to spices,
pepper, cloves, and mace have advanced, but
nutmegs have been sold at ld per lb decline.
More business has been done in saltpetre. Tallow
has improved.

We take from Messrs Littledale and Company
the following remarks on the Sugar, Tea and Coffee
markets :

In our annual Circular dated the 6th January we stated
that the Sugar market had closed flatly in the previous
month, in some instances at a decline of 2s per cwt.. but that
we looked for a -revival. We have nDW to report an active
market throughout the past month, the trade exporters and
speculators all operating, and the decline of 2s has not only
been recovered, but a further improvement of is per cwt.
has taken place. While the exporters have been taking
white Benares,9in lien of white Brazils, &c., which are very
scarce, wo have received considerable supplies from the
Continent of refining sugars, chiefly the early Mauritius
cargoes, which were purchased on French account, so that
notwithstanding an excellent home delivery, our stocks,
contrary to the general opinion, have not been decreased
anything of moment. In the four ports the stock on the
Ist instant was 63,587 tons, against 64,000 let of January.
So far the consumption has nos been checked, but we donlot
if a further advance could be established without interfering
with it, as it would raise the puke beyond 6d per lb to the
large body of consumers. Since the commencement of the
year, the market has, with one or two trifling exceptions,
been active, and a very large business transacted, both by
the trade and speculators, at a considerable advance on De-
cember rates. On the receipt of telegraph news on the 23rd
ult. by the London Times, via Constantinople, stating a de-
ficiency of 12,000,000 lbs. exportagainst the formeryear, and
that the Chinese had burnt down the English Fac ories, caused
great excitement, and an immediate advance of la. to 2d.
took place on many descriptions—on the receipt of the
letters, delivered on the poth ult., the market became less
active. There bas been an wive demand during the past
month from our home manufacturers, and also for exporta-
tion, and though the recent arrivals of China silk have
been upwards of 14,000 bales, the greater portion has been
disposed of at as advance of Is. to is. 6d. per lb. The
best Tsatlees having now reached 275. 6d. per lb.
By the arrival of the celebrated Black Ball line
of Australian Mail clipper ship, Morning Light,
which sailed from Port Philip Heads on the 15th
of November, and entered the Mersey yesterday
morning, bringing Melbourne advises of the 14th
November, and 400,0001, of gold. The commercial
advice s by this arrival, are of an encouraging
character, although business was by no means
active, as the large art ivals of imported produce,
and the expectation of many more had been anti
.inated. Fears, however, were entertained that,
Unless more onution was exercised, the import
--A
trade would be overdone Wool, tallow, au,
were in good demand for shipment too, and large
quantities of the former were being brought for
ward. Full particulars of the trade and commerce
of the Australian colonies will be found in another
part of to-day's paper.

THE NORTHERN TIMES.--LIVERPOOL, MONDAY.

Commerttal Entelltacnce.

LIVERPOOL COTTON NTARKET.-FEB. 7.

There has been a fair demand for cotton to-day, prin-
cipally for long stapled descriptions, on speculative ac-
count, which obtain very extreme rates, prices of other
kinds remaining unchanged. The sales—including 500
Pernambucos lad to Bd, 2,000 Bahias 7ld to 7td, 50 Moran-
hams Bd, 2,000 Egyptians Bid to 10d, 500 Surats sid to 6d—
are reported 10,000 bales, of which 5,00 u are on specula-
tion and for export.

viously reperted abandoned), were taken off Jan. 23, in lat. 49,
loc. 26.
The Burita, for Valparaiso, has put back, master siCk.
Dundee, Feb. 4.—Last night, the French schooner Gustave,
Bucks, from Amsterdam for tbis place, was totally lost on the
Elbow End Sand on entering the bay, and broke up imm,diately
all bands lost.
Ardriissan Feb. 4.—The Astrea, of Bridgewater, which sailed
hence for Bridgewater on the 2nd inst., has put hack leaky.
Port Talbot, Feb. 5.—A north country brig, from 300 to 4,10 tons,
in balla,t came on shore this morning, supposed in a ,now storm,

three quatteis of a mile to the westward of this port, but could not
get any communication from here; supposed to be from Swansea.
Bayonne, Feb. 3.—The hull of the Prussian galliot Pilot, from
Liverpool, w-ecked at the entrance of the Adour, Jan. 25 (as re-
pored). is advertised for sale, ; s well as her tackle and apparel.
Melbourn Nov 13.—The Laurence Frost sailed hence, Oct. 22,
for S.-clney, N.S.W., to be repaired. and the pumps beccming choked
with the sand ballast when off Twofold Bay, she went ashore,
and at last accounts a searel scareto be breaking up. Phe following
vessels were wrecked at Newcastle, N.S.W., in a gale. Nov. 6 and
7:—The Eleanor, Lancaster, Rover, Raven, Storm King, Jane, and
one name unknown. Melbourne was visited with the gole, Nov 8
and 9. which appears to have been gen ral on the coast, and it is
feared more casualties will have to be reported.

New York, Jan. 24.—The James Adjet (a.) arrived here this after.
noon from San Juan, passed through 50 miles of field ice yesterday,
between the lat. of 37 and 39, and in eansegience of its occasional
th•ckness had to stop her engines, and was eventually obliged to
alter her course. .

Queenstown. Feb. 7.—The barque Thames, Anthony, from St.
John, N./3. to Liverpool (deals), arrived here water' gged, lost
foremast, sails, spars, and decks swept.
ll,lyhea I. Feb 6 —Ahoutlo ql cases brandy have been saved from
the wreck of tie Su ii.

The Mary Sophia, from Bordeaux to Swansea in ballast, is on
shore on Aberavon Sands, and will become a total wrec

Bridlington Quay, Feb. 5.—A vessels quarter-board marked
" Quebec Packet," in yellow letters, has been picked up about seven
miles south of this ~lace, and it is now in custody of the Co,st gnarl
Roscoff, Jan. 31.—The sloop St. Cpr Mario Grozes, fro a Port
Launav for Dahuet, fcun-lered yes'erdey, nine miles N.W. of the
Ile de Betz, having struch on a sunken rock. CI ew saved.
C-ta .la, Jan 2.—English vessels in 'port—The Frances, Emmet,
taking part cargo, and proceeds to Messina to complete cargo for
Hull. The Margaret, Daniel, taking in part of cargo, and proceeds
to Messina to fill up for a port in the 'United Kingdom.
Dungarvan, Feb. 3.—The American ship Adrialic,' sold 'to Mr.
Scott, Queenstown' has shifted her berth on dosing tie scuttle.
which were opened in her, and little doubt is now entertained that
this fine ship will be towed In safety to Queenstown, on the arrival
of the steam tugs expected for that purpose.—The rigging and
materials of the James Buchanan are being forwarded to Liverpool.
This ship also sold for £lOO same day, and must be broken.
Stornoway. Jan 26.—The Prussian brig Carl, of Stralsund, which
was stranded within a few miles of Barra Head, in October last,
- while on her voyage from Liverpool for the Baltic, has been pur-
chased
by Captain Donald lii`Kenzie, of this port, and will be
. brought here to be repaired and fitted out for sea.
VESSELS FOR ENGLAND.—The vessels immediately to succ-ed the
Morning Light as mail ships. will be the Blackwell, Capt. lil•Kirlie,
on the 30th inst., and the Admiral, Capt. Picken, on the 12th Decem-
-1 ber, old favourites with the Australian public both as regards the
vessels and their commanders. These Royal Mail ships will sail for
London on the days named. The Mermaid, Captain Devey, of the
'White Star Line, which has made several excellent p,ssages, is to
sail for Liverpool on the 30th December, and this vessel will be
followed by others, not yet named, of the Black Ball and White
Star lines. On the 10th Jan. next the fine Ty w ship Copenhagen
r ill salt for London, under the command of Capt. Godfrey, whose
fame as a great circle navigator is as generally acknowledged among
maritime men as is his reputation for kindly quelities and seamanship
among those who have Ira, elled with him. To succeei the Black-
well. the following ships, of the Blackwad line, will be placed on
the berths and despatched in rapid succession:—Orwell, Anglesey,
Medway, Sussex, and Kent, all of which ships have earned a high re-
putation at this port for the regularity and comfort to their passengers.
The reputation of the last named vessel is second to none of the
clippers which trade between the h-me country and Australia.
The European and Australian Mail Steamship Company have not
yet made any announcement of their intentions as regards the
homeward runs of their first steamer expected here in the middle of
December. The Royal Charter will be anxiously looked for towards
the end of this mcnth, with English dates to the 2nd of October.
She will on arrival be placed on the berth for the return voyage.—
Melbourne Argus.

V E S3ELS' REPORTS.
Report of the Irlam, arrived here from Manzanllla.
Spoke. In lat. Lon.
Jan. 31.. The (s.s.) Saladin 4B N.. 11 W.

Report of the John Ravenal, Oram, arrived here from Charleston.
Experienced very heavy weather during the whole of the passage,
having lost p wt of sails, bulwarks, &c., and experienced heavy gales
from the N.E. for the last 18 days.
Spoke. In lat. Lon.
Feb. 2.. The (s.s.) Persian, bound S.W. 50 N.. 7W.

Report of the Ocean Gem, M`Lean, of Blyth, from Seaham for
London. Sailed Jan. 31, wind W. N.W., and, assisted by a steamer,
proceeded towards the bar. On rounding the pier heads, the south
check rope broke ; in consequence the vessel struck the north pier,
and carried away the bowsprit, stanehinnQ, covering board. cathcai,
and paint streak. The tide having fallen could not return to Sea-
ham, but, for the safety of the ship, &c., she immediately proceeded
for Sunderland, where ehe arrived at 10.15 p.m.. and remains, making
good tlie damage.

Report of the Aden, Fletcher, arrived here from Whampoa, Left
St. Helena Dec. '2O, in company with the Tartar, for Liverpool.
Spoke. In lat. Lon.
Captain C ,ok, from Calcutta to Liverpool,
84 days out, off Algoa Bay.
Natolia, from Liverpool to Bombay, 18 days
8 N.. 24 W.

Commtrriat

TO-MORROW

On account of whom It may concern.
PO-MORROW. the 10th instant, at Half-past One o'clock, at Golding
and Nash's Saleroom. Corn Exchange. Brunswick-street,
1010 Sacks FLOUR.
For further particulars apply to
WILLIAM BT,AIN & SONS, Brokers.

On of it ma concern.
To-mortaow. the 10thoccount instant,whom
at Half.pasty One o'clock, at Golding
and Nash's Salerosm, Corn Excharge, Brunswick-street,
About B.st.Bushels WHEAT.
For further particulars soap ply to
WILLIAM BLAIN & SONS, Brokers.

On account of wh,m it may concern.
TO-MORROW. the 10th Instant, at One o'clock. at the
Public Saleroom, Ex-bongo-buildings,
About 309 Packages. consisting of FLOUR, BACON, ROSIN, and
BEES' WAX,
saved from the wreck of the ship Confederation, from Philadelphia
to Liverpool; lying at the sheds for wrecked goods, north-east side
rince's Dock.—For further particulars apply to Messrs. Richardson
Spence and Co., Meichants ; or to
PERCIVAL, CAMPBELT: & CO ,
Brokers to the Liverpool Underwriters' Association.