Northern Times.
Liverpool, Merseyside, England, 1859-03-19 00:00:00

THE NORTHERN TIMES, SATURDAY, MARCH 10, 1859

MONETARY AND COMMERCIAL.

LIVERPOOL, Friday Evening.
There has been no change in the tone of the
Cotton Market to-day, and only a moderate business
has been done, the sales amounting to 6,000 bales,
inclusive of the week's business, which amounts to
42,160. Messrs. Wright, Junior, and Co., in their
circular say :
We closed our last circular advices of 11th instant, per
Niagara, with less buoyancy in the cotton market, but at
steady prices. Spinners having previously operated freely,
and secured a present supply, have relaxed in their pur-
chases, and with a diminished inquiry from speculators and
exporters, the result is against holders, who offer their
stock with freedom, and seem more eager to progress with
sales at a slight concession on last Friday's quota-
tions, this feature being more manifest as the
week advanced. The deliveries to the trade do not exceed
the arrivals; and shipments from the american ports being
again on the increase, early augmentations are thus promised
to our stock, which, with the re-offerings of speculative
parcels on which profits can be realised, affords ample
choice of clean qualities, and to which the demand
is chiefly confined. In monetary matters there
has been and continues to be more demand
for accommodation, and the Bank minimum rate is fully
supported for first class bills. The political aspect of affairs
is again menacing, and agitation in the public funds and
securities clearly indicates a want of confidence in the
preservation of European peace, which is not without a
certain influence in commercial circles. Today's market
is characterized by irregularity in prices and more liberal
offerings ; the estimated sales are 6,000 bales, all to the
trade, at a full kd per lb. decline in rates, the Fulton's
advices failing to have any influence. The total sales of
the week, including what has been forwarded from the
ship's side, amount to 42,160 bales, of which 32,710 are
American. Speculators have taken 7,670, and exporters
4,900, leaving 29,590 bales of all kinds to the trade. The
import for same time is 33,646 bales, of which 29,882 are
American. The quantity known to be at sea from American
ports is about 125,000 bales.
PRICES TO-DAY :

New Orleans Fair, 8d Middling, 71-1. Ordinary, 4dto 6 d
Mobile „ 7 1-16 d. „ 5d to d
Atlantic „ 7 5-16 d. , 6id ' , 5d to 6 d
Total taken for consumption, 1859,' 494,830 bales.lBsB, 431,110 bales.
„ export (actual) „ 46,113 „ „ 26,610 „
American Brazil Egyptian E. India W.lndia Total
Stock this day.... 319,320 14,650 20,740 5,210 460 360,380
Same time 1858 243,020 28,790 6,580 72,640 2,970 354,000
Later and less favourable advices from the East have had
the effect of suspending figthers orders for Manchester pro-
ductions. These naturally bias the op ei ations for other
quarters, and, with a curtailed inquiry, the market for goods
and yarns has assumed a quiet appearance, with occasional
concessions in prices of both, for forward delivery.
Messrs. Edmund Jardine and Co., in their circular
issued this evening, say
Our market opened this week with a continuance of the
strong. feeling which characterised it during the previous
fortnight, but on Wednesday a considerable reaction set in,
and holders who were desirous of realising had to submit
to a decline of ad per lb. in bowels, and 1-16 d to *d in the
middling and lower descriptions of Mobile and Orleans ;
fair and upwards have maintained their position. Since
then the daily sales have been very small, being restricted
to the immediate requirements of the trade, and we close at
the full decline as noticed above. Brazil and Egyptian
have been in fair request at steady prices. Surats, from
their scarcity, command extreme prices.
The Liverpool Produce Markets have not been
active this week. Ashes are without change in
value, and sales limited to 150 barrels pots and
pearls. Bark is only in retail demand at 9s per cwt.
for Philadelphia firsts. Bees' wax : A few small
transactions are reported at £9 2s 6d to £9 5s per
cwt. for good to fine qualities. Cloverseed : Heavy
arrivals have depressed prices, and the unsettled
weather induces dealers to withhold purchasing.
Timothyseed is very light in stock ; sales are 500
bags at 34s to 35s per cwt. Lard : Liberal supplies
of home made conduces to nominal value, and no
transactions have taken place in the article. Linseed
cake has arrived in quantity, and £9 per ton for
good thin oblong is with difficulty obtained, with
only a limited demand. Rice is only moderately
dealt in at previous currency. Rosin : A large
import has acted on prices, which have receded to
4s 8d to 4s 9d per cwt. for common, up to 15s per
cwt. for very fine qualities, and at which rates 2,000
barrels have been realized. Tallow is not much
inquired for, and the business is restricted to small
parcels at 52s to 53s per cwt. Turpentine :No sales
of rough, and only 300 barrels spirits have found
buyers at 42s to 42s 6d per cwt.
The Liverpool Share market has again been quiet,
and prices continued not only without improvement,
but show a tendency still further to recede. The
transactions were :-Caledonian, 84,1 ; Great West-
ern, • 57:1, 574 ; Lancashire and Yorkshire, 94,1,
95 ; Do., £9 shares, 1,4 p ; London and North
Western, 94/, 95 ; Ditto, One-eighth shares,
d ; Midland, 1001, 100 k, 1001 • South
Eastern 214, 21 3-16, 211 ; Whitehaven
and Furness, 10 ; Grand Trunk of Canada,
8;•5-„ ; Great Luxembourg, 6/ ; Great Western
of Canada, 151. There was some little busi-
ness done after official
,hours, and included
Lancashire and Yorkshire at 951, and Mid-
lands at 100 k. The final closing prices were :-
Blackburn, 111, 111 ; Chester and Birken-
head, 63, 631 ; Caledonian, 841, 841 ; Chester and
Holyhead, :48, 481 ; Eastern Counties, 12,
128 ; East Lancashire, 921, 93 ; Do. £9
shares, k, d p ; Great Northern, 1021, 1031 ;
Do. A, 88, 89 ; Great Western, 571,
58 ; Lancashire and Yorkshire Stock, 941.,
958 ; Do. £9 shares, a, 1 p ; London
and North Western Stock, 95, WI ; Do. one-
eighth shares, -1, d ; Manchester, Sheffield,
and Lincolnshire, 371, 371; Midland Stock, 100 L
1001. ; North British, 581, 59 ; North Western, 131,
131 ; North Staffordshire, 41, 4a d ; North Eastern
-Berwick, 92, 921 ; York and North Midland,
76, 761 ; Leeds Capital Stock, 46, 461 ; South
Eastern and Dover, 211, 21 5-16 ; Dutch
Rhenish, 41, 4 d ; Great Western of Canada, 154,
16 ; Do. New Shares, 5, 41 d; Great Lux-
embourg, 6 13-16, 6 15-16; Grand Trunk of Canada,
8 11-16, 8 13-16 ; Lombardo-Venetian, 1, 1 p ;
Do. New Shares, 1, 2 p.
The Corn trade generally continues without much
animation. To-day the attendance at the Liverpool
Exchange was only moderate, and prices for all
articles were barely sustained. At Wakefield a
moderate business was done, at the currency of last
Friday.

The continued unsettled state of European politics
still exercises a very prejudicial influence on the
London Stock Market, and to-day the amount of
business done has been very small, whilst prices, in
the early part of the day, were depressed. Consols
opened at 95+ to 951, but, under the pressure of
sales at noon, they stood at 95,3 sellers. Subse-
quently, favourable news was received from France,
and they became firmer, closing at 95+ to 95/.
The London Share larket was heavy at the
opening, and prices tended to a decline, but with
the improvement in Consols, they improved a
little, but without leading to any amount of
business, and finally closed at the following
quotations :—Ambergate, 61 ; Caledonians, 844 ;
Ditto Preference, 103, 105 ; Eastern Counties, 591,
601; East Lancashire, 92, 93 ; Edinburgh and
Glasgow, 711, 72+ ; Great Northern, 102, 103 ;
Do. A., 87, 89 ; Do. 8., 133, 134 ; Great Western,
57, 581; Lancashire and Yorkshire, 941, 951 ;
Brighton, 1111, 1121 ; London and North Western,
941, 951 ; London and South Western, 921, 921 ;
Manchester, Sheffield, and Lincolnshire, 37, 38 ;
Midland 100+ ; North British, 58+, 59; Do.
Preference, 111, 113 ; North Eastern Berwick,
911, 92 ; Leeds Northern, 46, 46+ ; York North
Eastern, 76, 761 ; North Stafford, 4770 4N ; South
Eastern, 70, 71 ; Turkish Sixes, 921, 931 ; Do.
Fours, 103, 1031 ; Great Western of Canada, 15,3,
151; DO. New, 41, 4,3 ; Grand Trunk of Canada,
Ba, 81.
The demand for Money continues active, and the
rates generally current for the best bills is equal to
the Bank minimum. At the Bank yesterday the
applications were again rather numerous. The
next return of that establishment is expected to show
a considerable increase in the " other " securities.
The fact that the Council of India have now com-
menced to make extensive remittances of silver to
India, with a view to relieve the pecuniary embarass-
ments of the local governments, is not without its
influence upon the Money Market.
The leading Lombard-street discount firm have
within the last day or two raised their rate of allow-
ance for loans for fixed periods (say seven days)
from 11 to 2 per cent., but- no alteration has been
made in the general rate for loans "at call."

About 20,00/. in bar gold was yesterday with-
drawn from the Bank for exportation to the Conti-
nent, in payment for silver. Further withOwals