The Northern Daily Times.
Liverpool, Merseyside, England, 1857-03-31 00:00:00

THE NORTHERN TIMES.-z-LIVERPOOL, TUESDAY.

MONETARY AND COMMERCIAL.

Commercial Enttlrkenrt.

LIVERPOOL COTTON MARKET.—MARcII 30.

LIVERPOOL, Monday Evening.
There was a firm Cotton Market to-day, with
sales to a fair extent. The transactions summing
up 6,000 bales, including 1,000 on speculation
and for export. There was no change in prices
The question of the Cotton Cr:-.T is so deeply
interesting to many of our readers, that we have
pleasure in giving the following extracts from
private commercial adviees from the United
States

The cotton market continues steady without anv great
aniru.iticti. the demand has been fair, and prices are
without change. The sales—including 400 Pernambucos
8d to 81d, 130 Maranhams Bid, 200 Egyptians 92d to lOid,
500 Surats sid to 6d—are reported 6,000 bales, of which
1,000 are on speculation and for export.

NEW YORK. 17th March.—The receipts in Cotton are
now falling off in earnest. The official deficiency to_day is
156,000 bales, and the telegraphic n.dvices make it con-
siderably larger. When you last wrote you had still an
excess of receipts from here. The different position now
is so essential that it will no doubt have a material influence
upon your market. This falling off baying long since been
discounted, our market has but just kept its own on good
qualities, while anything below middling is freely offered at
a slight concession. At present your market is no doubt
offering a good selection, but good c,.ttons are likely to be
very scarce this summer, and the higher grades will become
relatively higher in price as the season advances.
Another New York house writes :

The receipts fall off heavily, and we do not see any new
feature to change the view before expressed, that the total crop
will not exceed three millions. According to our views, the
course of prices will not depend only on the extent of crop, hu,
it turns to the question how much of the now rapidly decreasing
stocks will he required for the Continent. It appears,
present, that France and Germany are willing to continue
their purchases at very high figures, and a comparatively swall
quantity only may fall to the share of the English spinners.
MOBILE, 6th March,—Our market is firm, hut not active
for the want of fresh news from your side. Receipts are on
the decline, but not so fast as we supposed, and it is not
improbable that the apparent total receipts may at the end
reach 3,100,000 bales. We say " apparent," because all that
is received under the name of Cotton—is not Cotton. Our
present high prices bring a larger quantity of rubbish to
market, 'which sells at 8c and 9c per lb., that formerly
nobody thought worth packing. Good qualities become scarce,
and will command high prices.

In the Liverpool Share Market to day, there
was a tolerably /large business done, and prices
show a decided advance on those current on
Saturday. The days sales we re-Birkenhead ,
Lancashire. and Cheshire,66+ ; Caledonian, 341 2 c
5, 4-1,- ; Eastern Counties, 11 3 .16, 5-16 ; East
Lancashire, 991; Lancashire and Yorkshire, 103,
2i, ; Liverpool, Crosby and Southport, 9/. shares,
1+ p ; London and North Western, 106. 1, *, g : do.
shares, 1-16 d; Manchester, Sheffield and Lincoln-
shire, 3911, Li, 7,-, 14, ; Midland, 831 -1; North
British, 11 5.16, ; North Eastern, 22, 1* ; Dover
234; St. gielens Canal and Railway, D
shares, 90* ; Dutch Rhenish, a- 3.16, 5 16p ;
Grand Trunk of Canada, 154, 3-16, 1, 5-16 ;
Great Luxembourg, 101 ; Great Western, of
Canada, 251 being a decline of 20s per share, or
nearly 4 per cent., caused no doubt by the accounts
to hand of the accident on that Railway on the
13th inst., whereby upwards of eighty persons
were killed ; Do , New, 34--, 3p. The closing
prices were as follows :-Blackburn, 84, 88 ; Chester
and Birkenhead, 651, 66a; - Caledonian, 341,
34w; Chester and Holyhead, 18, 181 ; Eastern
Counties, 11 5-16, 114; East Lancashire, 991, xn
100 ; Great Northern, 231, 241 ; do. A shares,
10*, 108 ; Great Western,• 671, 681 ; Lan-
cashire and Yorkshire Stock, 1021, 102* ; Liver.
pool, Crosby, and Southport, 19*. 191; do. 9/.
Shares, 1 3-16, 1 5-16 p; London and North
Western Stock, 1061, 1.06*; ditto * Shares, 8 d, par. ;
Manchester, Sheffield, and Lincoln, 39, 391 ; Mid-
land Stock, 83+, 831; North British, 11+, 11g;
North Staffordshire, 5, 46 d ; North Eastern-Ber-
wick, 21*, 22; York and North Midland, 321,
32* ; Leeds Capital Stock, 20, 201; South Eastern
and Dover, 23 1-16, 231 ; Scottish North Eastern,
124-, 13; Buffalo and Lake Huron, 12, 1 p; Dutch
Rhenish, 3-16, 5.16 p; Great Western of Canada,
261, 261; ; do., New Shares, 38, 3.* p ; Great Lux-
embourg, 10a, 102 d ; Grand Trunk of Canada,
15 3-16, 15 5-16.

Money is still in active demand, and on the
Stock Exchange and at the private banking houses
6l per cent. is the minimum. The anticipated
triumphant majority of the government at the
termination of the pending elections, in conjunction
with the intelligence officially published that the
emperor of China had instructed Yeh, the corn-
sioner, to pursue a more conciliatory course to-
wards the English, and a report that peaceful
relations had been re-established, produced a good
effect upon all the stock exchange markets, and an
advance in all kinds of securities must be noticed:
In the Market for the Public Funds and
Securities, to-day, a degree of buoyancy prevailed ;
and at one period Consols had advanced fully 1
per cent, but afterwards declined, and closed
firmly at an advance of per cent higher than on
Saturday. Consols for Money opened at 93k,
advanced to 931, and closed at 93;4. For the
Account the opening figure was 938, advanced
to 931, and closed at 938 to 931.
In the London Share Market to-day there was
a good demand for the leading Stocks and Shares,
and an advance in prices is noted. The closing
quotations were as follows :-Ambergate, Notting-
and East Junction, 51, 5 ; Caledonian, 69, 70 ;
Edinburgh and Glasgow, 561, 571; Eastern Coun•
ties 11 3-16, 11 5-16 ; East Lancashire, 100, 101 ;
Great Northern, 97, 98; Ditto A, 86, 88; Great
Western, 67*, 671 ; Lancashire and Yorkshire,
l 028; Leeds Northern, 40k, 414 ; London and
North Western, 1067 ; London and South Western,
1031, 104; Manchester, Sheffield, and Lincolnshire,
39, 40 ; Midland Stock, 831 ; North British,
4411, 451 ; South Eastern and Dover, 761.
771; York, Newcastle and Berwick, 87;
88; York and North Midland, 64i, 641 ,
After official holm the transactions were 4t the
lowing prices Caledonian, 691, 691 ; Eastern
Counties, 111, 111, ; East Lancashire, 101; Great
Northern, 971• ; Ditto A, 87, 88 ; Great
''Postern, 671, 68; Lancashire and Yorksire, 1022,
1021; London and North Western, 1061. 106 k ;
Manchester, Sheffield, and Lincolnshire, 39k, 40 ;
Midland Stock, 838 ; North British, 45, 48 ; South
Eastern and Dover, 76i, 77 ; York, Newcastle,
and Berwick, 87, 88 ; York and North Midland,
61, 65.
The Breadetnff trade remains in a very dull and
inactive state, and to effect sales, even of a retail
character, a decline of 1 s to 2s per quarter on
Wheat, is per barrel on Flour, and is per quarter
on Indian Corn must be submitted to.
There was rather less activity last week in the
general business of the port of London. At the
London Custom House 161 vessels were reported
from foreign parts, two from Ireland, and 44
colliers. The entries outwards were 151, and the
clearances 120 vessels, besides 17 in ballast.
During the week nine vessels left for the Austra-
lian colonies, viz , six for Port Phillip, two to
Sydney, and one for New Zealand.
There was a meeting of the Turkish Gas Com,
pany to day. The report stated that the directors
intended to renew negotiations, in th e hope of a
favourable concession from the Turkish Govern-
ment, Out of the deposit of 2s 6d per share
about is per share had been expended, leaving
5,5001 to continue operations.
At the annual meeting of the British American
Land Company, to-day, no dividend was declared,
owing to the lands not being disposed of sufficiently.
It was recommended to wait for further remittances
instead of touching on the Reserve Fund. The
report was o.'.l9rted.
No improvement is reported in the rates of
exchange at Bombay and Calcutta, and the silver
market is therefore firmer.
The accounts from the United States, per the
steamer Persia, describe the Cotton Market at Now
York as being dull, but as the receipts had fallen
off holders were firm.
The Money Market remains very stringent, and
speculative securities tended downwards.
Advices from California state that the exports of
specie from San Francisco,. from Jan. 1 to Feb. 20,
amounted to 4,946,069 dollars, while theimports dur
ing the same period were 687,911 dollars, chiefly in
silver for Mexico for trans-shipment to China.
A Conducta left the city of Mexico on the 23rd of
February, for Vera Cruz, with 2,100,000 dollars.
The waggons liaing heavily laden, it is doubtful if
it would reach Vera Cruz in time for the next
R.M.S. (4th March.)