Northern Times.
Liverpool, Merseyside, England, 1857-10-09 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Thursday Evening

The demaiid for-Cotton continues rather active,
and with but a poor.selec:iOn in the Intake, pur-
chasers are obliged to pay very-full prices. The
sales to-day were about 10,000 bales, chiefly all to
the trade.

The Liverpool Share Market has been dull all
the day, and although the increase 1.1 the Bank
rate did not produce any marked effect, prices
have grat3u dly given way. The dab's transactions
were as follows:-Caledonian, 42, 42t, 42k;
Eastern Counties, 11, 111 ; East Lancashire, 91;
Lancashire and Yorkshire. 94, 041, 944. 041, 944, 94,
93i; Landortand North Western, 951, 951, ‘.)54, 954
951; Manchester, Shefftid, and Lincolnshire, 40,
404, 401, 40; Midlands, 80, 84 814,84; Dovers,
19, 19 7-16 ; Warrington and Stocknor,, 7
7 9.10 ; Grand Trunk of Canada. 10. 10 3-16, 104;
Great Western of. Canada, 204. 204, ; Ditto, new,
204 d ; Bar..k. of Liverpool, 24 ; Liverpool and
London Fire and Life Insurance Company,
84 p. The following were the closing prices :-
Blackburn, 74, 8; CheSter and Birkenhead, 654 66;
Caledonian,42 3 16 x i 42 5 16; Chester and Holy-
head, 164,1E4; EaFltern Counties, 11 3-16, 115.16;
East Lancashire, 91. 91i; do. 9T. shares, 4, 9-16 p;
Great Northern, 249, '444; do. A shares, 11, ill:
Great Western, 53, 534 ; Lancashire and Yorkshire
Stock, 94, -944; d 9. 91. shares, 4, 4 ; Liverpool,
Crosby, and . Southport, 184, 184 ; London
and North Western, 951 9-11; Manchester' She
field, and LincOlnshire, 40, 404; Midland Stock,
804. 81 ; North British, 114 xd. 114 ; North
Stafforthli.re, 41, 4d ; North Eastern-Berwick,
224. 224 ; York and N'.rth Midland, 38, 384 ;
Leeds Uapitnl stock, 2r4, 244 ; South Eastern
and Dover, 10 7-16, 10-4 ; Scottish North Eastern,
11, 12; Buffalo and Lake Huron, 5.4 54 d ; do. new
Shares, 58, 51 d ; Dutch Rhenish, d ; Great
Western of Canada. 204, 204; do. new shares
-4, H d:; Great Luxembourg, E 4, 64.; Grand Trunk
of Canada, 104 , 103
T. _

The Money Market is light; and the Directors of
the Bank of England made a further vise of per
cent in the rate of discount, at their meeting
this day, makicg the minimum rate now at 6 per
cent As this was generally anticipated it had not
so much effect .on the Stuck Exchange as would
otherwise have been the case, ya the feeling
among that body is very gloomy. Messrs. Little-
dale and Co., in their circular, published this
afternoon, rueful/ :

Though the past month has been a pea ,d of much
anxiety to he commercial community generally, cuts: quent
upon the course evet.ts might take in the East. and neces-
sarily th? infl ience c•f their rile upon the values of ma, y of
our leading articles of export atd impart—we cannot but
be well satisfied at the steady prices which our staple
articles generally have maintained—thr flue•uations having
been, with the exceptions of i; digo and raitpetre, immat rial
—and as we may now hope to receive by succeedinr India
mails more chezring and satisfactory accounts, may not
unreasonably anticipate that fear the future our trading
operations will be conducted on a sound basis. The late
abundant harvest has Un ioub•e"ly secured to ori- menu•
factnrers, generally, an excellent and remanerative home
trade—there is a good export dem ind, and as the prices
paid, to h-r Cotton trade par icu'arly, leave a fair average
result, we fear there cannot he expected any decline from
our present high scale of pricer—the question of future
supply of C rtton to meet the world's yearly increaing
requirements has now become of paramount interest, and
urgently demands imme,lia e and prompt measures to
increase its production wherever possible. The gradual
and steady rise in the•last twelve months is quite unprece-
dented. Money has been in increased demand throughout
the'month—the. severe pressure in New York, continued
shipments for the Continent and India, hiving been
sufficient to prevent the slightest relaxation, in fact, the pest
few days the rruirements have been so large as to render
an advance in toe !Mk rate not improbable. The frock of
bullion by the last .return was £1.1,276,088 against
411,50,587 on the 29.11 August. The. reserve of notes has
mot verLd mate, ially. •
Messrs. Brcwne, Huilter, and Co., in allusion_ Co
the same subject, say :
The latest intellic,re:ce from India has exercised no
furl.her infl rence uor u o•ar produce markets, although i's
details are considered in a light far from satisfactory. In
the event r f the mutiny extending to other districts, the
eff,et upon imports from the East will doubtless he more
generally manifested, the only articles hitherto Enhanced
in valu•- b ire Saltpetre, Indigo, Sdffiower, and Shell Lac.
The Money Market continues in the same positi.,n as it
bas been for some time past ; anal although th•r last bank
returns were of a somewhat mere favourable character,
there does Lot appear any prospect of a reduction in the
rate of intere.t, as the demand for money to meet the large
requiremen's for trade and the drain of gold for the C n-
tinent are considerable, which tend to check improvement.
Looking to the in obablity of a loan for India, an ad►erie
movement is rather to be apprehended, it having j ist
transpired that the East India Company are negociating
with the Bait of 'England for a loan of one mill:on
ster' nag._

Thedec;ine in tho market for the public funds
and securities to-day, was about per cent.,Consols
for Marley- closing at 891 to 90, and for-the Ac
count at 90 to 90f ; after official hours they
receded to 89a to 891 for the former, and 906 for
the latter.

In the London Railway Share Market there was
very Fttle business
.done to-day, and prices
generally exhibit a de( line. The following were
the closing prices :—Caletioniae, 84k; Sastern
Counties, 111, 111 ; East Lancabliire, 03: Great
Northern, 95, 96 ; Do. A, 88. 90; Great Western;
524., sat Lancashire and Yorkshire, 931, 94; Leeds
Northern, 48, 49 ; London and North Western,
951; London and South Western, 981, 99;
Manchestvr, Sheffield, and Lincolnshire, 39i, 40 ;
Midland Stock, 809, 81; North BrHsh, 47k; South
Eastern and Dover, 64k, 65 ; York, Newcastle,
and Berwick, 91 ; York and North Midand
76, 77.; Grand Trunk, 109, 101 ; Great Westetn
of Canada, 201. 20f ; Ditto-New, I,
The Produce-. Markets remain inactive, but
prices are generally well sustained. Holders 'of
Sugar would possibly accept lower rates to effect
business, otherwise there is no change worthy of
notice.

The Liverpool \\Toll sales will terminate on
Saturday. Messrs. Littledale and Co's. circular
contains the following respecting them
The Liverpool Wool sa'es commer eel on the 30 Ii
September, and aro now grAng on—the quantity advertised
to be brought forward were 1.000 bales Australian,•ls,ooo
balfs East India, and about 6,000 ba'e; miscellaneous,
consisting of Entre Rios, fine Spanish, Egyptian, Oporto,
Mogadine, Notwiths andin2; the extreme buoyatry of
the Wool Market had slightly subsided, and English Wools
given way 1,1.--to d. tier lb., the Australian Wools, which
opened the series, att acted a very numerous attendance of
buyers, and the whole sold with great spirit at from par to
id. per lb. advance on the closing rates of the last London
sales ; for fir eS, aiis' and Entre Rios, &c. the etttnpc tition
will limited, and nearly the whole were withdrawP.

Respecting East India Wools, the circular just
.quoted says :
There is an unusual attendance of East India Wool
huyerc, but the large quantity originally advertised and
considerably increased by sirriv,ls since, combined with
the unf.voorable news from A.me,.ic,. have materially
checked the spirit of the sate-, and a decline in price o ►
many quAlitics has tren the consetrience ; the quantity
disposed of up to date amounts to 11,562 bales; and while
Carding Wools, best and second whites and yellows, and
Persian Weyyli have fully maintained previous rhtes, there
is a declir e of id to ld per lb on middle and low whites
and fair yellows, to :11 on middle yellows, id to 111 on
middle to low greys and yellow locks, and 4,1 to id on
native greys and blacks. As we have previously stated,
single bale, lots rarely meet with full competition, ar d the
decline on these ia, in many instances, cyan greater than
quoted. Miscellaneous woofs have not yet been brolght
forward.
The meeting of the Great Western 'Railway of
Canada has just taken place, and has passed 'off
'with unanimity The report was taken as read, and
the chairinan, Mr. Crdl, alltided to the forthcoming
dividend being at the rate offs per cent. per annum.
which he thought very 'satisfactory. The arrange-
ment with the Canada Government was highly
favourable. He alluded, in conclusion, to the
propriety of their aiding the Detroit and Milwankie
Railway Company, which would so much increase
the traffic on their line, to Wain their required
loan, not exceeding 150 0001, for the completion of
the works. The report was adopted after some
dismission

The (West India) Royal Mail Steam Packet
Company, have chartered the Austrn'tan Royal
Mail Steam Company's screw steamer Victcria, for
12 months certain, with the option of purl:nal on
k r arrival in India, whither she is now proceedinl