Northern Times.
Liverpool, Merseyside, England, 1860-02-11 00:00:00

THE MONEY -MARKET.

The Herald reports thatlhe.:resonrces Of the' Bank
are being steadily reinforced. The •cessation
.of large
wiOirlritwats of geA. with the rriiiinine tiff ofr-teourities,
having placed the reserve in a less -discouraging poi-
:tion. . If affairs shall therefore move fotwatd•smoothly,
it is considered probable that it may not 'he tier.ceksts to
raise the rate;to '5 per'cent., Or even beyond the present
;point. -The great •danger to be-fehred. 'is thaLarising
from political edmyilierstions.. •

The ftinds•opened this morning at a freSh reduction,
of 1 per cent., but no alteratiOn in the rate of discount
being:made at the Bank, the market gathered strength,
and at the finetations were 4- pur cent. above
thoSe of'yesterday, a favourable impression heing
„pro-
&teed- by the absence of'tirly further withdrawals of
gold from thd' Bank. In no department of the Stock..
Exchange Was activity observable, but the principal
transactions. werein 'British railway stocks. There is no
new feature in the discount market. The bill-brokers
continue to confine their transactions within an unusu-
ally small `corrpas=, anfllhe principally ask 4L- per cent.
for best bills.—Daily Yews.' •
The news that Austria has declined the:taglish sug-
gestion on the Italian question,, and tbat,.on the 15th
.cost., Mantua and the whole' of'Venetia are to be placed
under martial law, Caused'considerable increase of dis-
trust this morning at the opening of the Stock Ex-
chanè, counteracted by , the momentary steadiness.
Subsequently, there was a tendency to ,recovery conse-
quent .upon the breaking up of the Bank Court without
any further 'Movement in . the rate of ,discount,., the.
absence of farther gold withdrawals, the receipt of
better exchange ' quotations 'from China, and an in--
creasing belief -in the strength of the Palmerston
Cahinet, and the prospect of o..major4 On. the budget.'
The demand for discount haS again been active, but
less heavier than yesterday: In the open market the:
'for
rate three months' paper ranges from 4to 44, per
ccnt.. The rates of 4chanze from the :Continent present
a satisfactory appearance._ The overland telegram
repoes a favourable difference in exchange, of bet Ween
2 and' l per cent. 'm Calcutta a rise of 2. per. cent, has
taken place in rupee paper ; and, Whatever quantity
maybe on. its way by, the present mail, will, therefore,
•bur London priCeS, yield 'A large" profit. to the . con-
signee, and must be expected to mance an active
continuance of operations. To-day, however, rupee
:,-securiticirshbw a decline of I Per cent.-L--iiWii*.

TRADE CIRCULAR.

OILSEEDS AND OILS.

In his. weekly circular 'Jr. James. SanutelSen saps :
Althopgb. :there
.hay., been no,:material• change in' the
prices of Sends during the past week,-; the tendency in
Linseekis downwards,, and the sales that have been
effeeted.at-the old priOs havebeen chiefly to crushers,
buying from hand to mouth." Rapeseed, on the other
hand, is decidedly. firni, and
.good Seed of all kinds in.
fair demand. Fine Bombay Linseed 'is worth to-day 535.,, .
at which price there are .few . buyers. Bengal and
Patna Seeds 50s. to 525. ; Guzerat Rape 505. to- 545.,
brown Bombay. 455. to 475., Bengal- 455.. to 46s.—Lin-
seed Oil dull, at £2B per ton ; Rape Oil sells at £35 to
£35 10s. for brown.---Linseed Cakes in good demand at
XII) to £lO. 105. for English, and £9.125. 6d. for Ante-
rican.-Rape Cakes;: £4,155. to £5 for feeding.

YESTERDAY'S MARKETS.

LIVERPOOL COTTON.

Foreign politics, together with the uncertain position,of
monetary affairs at home have exercised a depressing
influence upon our Cotton market, throughout the past
week. The trade, whose holdings must now be con-
siderable,
have felt inclined to curtail their operations,
whilst speculators have generally retired from the mar,,,
ket, and holders of American, still continuing willing
sellers, have freely met the demand, at slightly reduced
prices. Brazil, id.. to id. per lb. higher. Egyptian in
moderate request, at full prices. Surat in rather less
demand, but steady. . The weekly sales are 77,960
bales, of which 16,680 are on speculation, and 8,660 for
export. ,