Northern Times.
Liverpool, Merseyside, England, 1857-10-06 00:00:00

6'ooo 1 I, i :000

The Liverpool Share Market egain become dull,
and the heavy stocks to-day showed a decline of
to 1 per cent. since Saturday. At the same time,
there has been no pressure of Stock, and business
has been very limited. The following were the
transactions :-Caledonian, 421, 429; East Lanca-
shire, 92 ; Lancashire and Yorkshire, 951, 954,
95/ 95k, 951, 954. 954. 954, 951; London and
No, h West rn, 97, 961 964; Manchester, Shete
field. and Lincolnshire, 401; Midland, 824. 821,
82!, 821, 82; North E tstern, 24 23; Dovers,
191 11-16, 4; Grand Trunk of ACa.nacla. 114. 11 ;
Great Western of Canada, 214, 204 ; Liverpool
Borough Bank 8; Liverpool and Lonaon Fire and
Life, 84. p. Toe following are the closing prices:-
Blackburn, 71, 8; Chester and Birkenhead, 654 66;
Caledonian, 42/, 3 ; Chester and Holyhead, 161
161 ; Eastern Counties, 11, 114 ; East Lan-
cashire, 92, 93 ; do. 91. shares, 1, 9-16 p ; Great
northern, 24,4, 244; do. A shires, 11, 111; Great
Western, 54, 54 ; Lancashire and Yorkshire
Stock, 954, 954; do. 91. shares, 4. 4 p ; Liverpool,
Crosby, and Southport, 184, 184; Londo:i
and North Western, 964, 904; Manchester, Sher-
field, and Lincolnshire, 404. 101 ; Midland Stock.
811. 82 ; North British, 114, 124 ; North
Staffordshire, 44, 4d ; North Eastern-Berwick,
23, 23 1-16 ; York and North Midland, 39, 3114 ;
Leeds Capital Stock, 244, 244 ; South &stein
and Dover, 194, 19 13 9; Scottish North Eastern,
11, 12; Buffalo and Lake Huron, 54 54 '1; do. new
Shares, 54, 54 d ; Dutch Rhenish, 34, 341; Great
Western of Canada, 204, 204 ; do. new shares
4 d, 4 p; Great Luxembourg, El, 64 ; Grand Trunk
of Cinada, 10i, 11.
An active demand continues for Money, but
after to-day it is expected that the pressure will
not be so great ; as it is, it is only in rare cases, at
the minimum rate of discount, 54 per cent. is
exceeded.
The Market for the Public Funds and Securities
to-day was rather weaker, owing to a large with-
drawal of gold from the Bank of England, and
prices show a decline of about 4 per cent. Consols
for Money closed at 904. and fdr the Account at
904 to 901 ; Exchequer 131118, 8 to 3 die.
in the London Railway Share Market to-day
there was not much business done, and prices were
not sustained. The following were the closing
prices :-Caledonian, 854, 854 ; Eastern Counties,
114, 114 ; East Lancashire, 91, 93; Great Northern,
074, 984; Ditto A, 89, 91; Great Western, 544;
Lancashire and Yorkshire, 951, 951 ; Leeus
Northern, 484, 494; London and North Western,
96, 961; London and South Western, 891, 904 ;
Manchester, Sheffield, and Lincolnshire, 404, 41;
Midland Stock, 824; North British, 481; South
Eastern and Dover, 651, 651 ; York, Newcastle,
and Berwick, 914, 924 ; York and North Midland,
774, 78; Grand Trunk, 101, 114 ; Great Western
of Canada, 204. 204 ; Ditto New, 4 dis
Af er official hours, the business transact .d was
at the following prices :-Caledonian, 851, 854 ;
Eastern Counties, 114, 114; East Lancashire, 91,
93 ; Great Northern, A. 89, 91; 1 ondon and North
Western, 964; London and South Western, 941.
1)5 ; North British, 48, 49; South Eastern and
Dover, 654, 651; York, Newcastle, and Berwick,
.914; York and North Midland, 77. 78.
Our advices from Canada, by the Europa, state
that the Indian arrived at Quebec in ten days
from Liverpool. ALhough the banks were con-
tinuing the stringent course they have persevered
in throughout the year the panic at New York did
not seem to effect Canadian houses, as the busi-
ness of this year has been unusually restricted,
and most cautiously conducted, indeed. The
bursting of the inflated credit system of New
York is looked upon as favourable to the commer-
cial interests of Canada generally. A violent attack
appears in the Hamilton Spectator on Mr. Brydges,
the managing director of the Great Western of
Canada ; but, inasmuch, as it emanates from a
dismissed traffic accountant, it is not entitled to
consideration. As the animus is apparent, it may,
however, perhaps, lead to some questions at the
general meeting to be held in London, as Mr.
Brydges is apparently inclined to imitate the ag-
gressive policy of Captain Huish and Mr. Saun-
ders. If the directors but check tie's propensity,
nothing can interfere with the growing traffi of
this loop line. A contrary course will place it at
the mercy of the Grarid Trunk.
According to advices from Constantinople the
Turkish Government have resolved upon an issue
of additional paper money for a sum t qual to a
million sterling, bearing 8 per cant. interest, cf
which abou, three-fourths have already been put
forth. The telegraph to-d ty announces a decline
in the exchange.
Parcels of gold to the extent of fully 85,0001.
were yesterday withdrawn from the Bank, for
exportation to the Continent, principally in pay-
ment for silver. The imports of the later metal
have during the past week increased, to supply the
demand for shipment by the Colombo, for the East.
We have ascertained that the imports into London
by sea have reached about 107,0901. since Saturday
week, but a large quantity has also been received
via the Kentish ports and the railway. It would
be erri.neous to regard the Eastern demand as
by any means satisfied, for about 300,0001. in
silver has already been sotd for exportation by
the steamer of the 20th inst., and by tar the larger
proportion of this sum has yet to be drawn from
abroad. Upon the whole, there seems ground for
acme anxiety as regards the future course of the
money market, for, inclusive of Saturday's with-
drawal, and of the 44,0001 in sovereigns despatched
to the East per the Colombo, about 160,0001 in
gold is known to have been taken from the Bank
last week. As a continuance of the flow of gold
from the Bank would necessitate a rise of the rite
of discount to 6 per cent., more anxiety is evinced
for the arrival of the 423,9001. in Australian gold
which is now en route to London from Egypt.
A special general meeting of the shareholders
in the Hul' Flax and Cotton Mills Company was
held at Hull on Thursday, to consider the propriety
of dissolving the company and windingup its affairs.
The report of the directors stated that " they felt
that a winding up of the company was inevitable,
and they were unanimously of opinion that it was
desirable, if possible, in such winding' up, to escape
the enormous expense, endless li•igation, great
delay, inconvenience, and loss which must ensue if
the matter were thrown into a court of law. ' A
motion for the publication and circulation of the
accounts was opposed by the Chairman, and by
several other persons, upon the pretext that such
a course would interfere with the " amicable
winding-up" of the- undertaking ; and the
directors finally managed to have this impor-
tant point arranged to their satisfaction, it being
agreed that the accounts and report should be
printed and Jail on the table for the inspection
of shareholders, but not circulated. It was then
resolved that the company be dissolved and
wound up " voluntarily," in accordance with the
Joint-Stock Companies Acts of 1856-57; that
Messrs. William Eyre, merchant, of Hull; J. E
Coleman, accountant, of London ; and J. G
Carllll, accountant, of Hull, be appointed liqui-
dators; and that a committee of four shareholders
be appointed to act with the directors, confer
with, the liquidators, and protect the interests t f
the shareholders as far as possible."
An extraordinary general meeting of the London
and North Western Railway Company is to he held
on the 9th irest. The directors ask authority to
subscribe towards the Buxton Extension capital of
the Stockpori, Disley, and Whaley-bridge Railway
Company to the extent of 105,000/. It is also pro-