Northern Times.
Liverpool, Merseyside, England, 1859-01-19 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Tuesda Evenin
t The Cotton market was dull but
p y retty steady
(3-daY• The sales were about 5,000 bales, of which
one-tenth were on speculation and for export, at
b
previous rates. In Manchester, tb-day, a fair
Ipiness was doing for India and, China. Other-
wiaF.themarket was quiet, but steady.
The Liverpool Share Market was rather firmer to-
N,'l, but we do not notice any change in prices.
stea"le London Railway Share Market opened
dily
to-day, and became firmer. Lancashire
arid Yorkshire were very good, but prices were
vet
rather weaker at the finish. Lombardo and
ne ian were in
good request at a further rise.
l rign Stocks commenced about the same, and
g't-ff at an 'improvement. Banks, Mines, and
B°o.la/wells Shares were steady. The following
ethe closing prices :—Ambergate, 61,62 ; Cale-
i
?:t ,
u°nian) 861, 871; Do. Pref., 103, 105; Eastern
unties, 621 631 East Lancashire, 95, 97 ; Edin-
.4rgh and Glas;gow, 69, 70 ; Great North-
„l°sl, 106 ; Ditto A. 89, 91 ; Ditto
.10 ,3, 135. Great Western, 551 561; Lan-
rum and Yorkshire, 98, 981; Brighton, 112, 113;
.°llclen and North Western, 961, 97 ; London and
oeuth I'Vestern, 941, 941; Manchester, Sheffield,
Lincolnshire, 39, 39f ; Midland, 102, 1021;
North
British, 621, 631 ; ditto Pref., 112, 114 ;
North
Eastern—Berwick, 931' 94 • Leeds, 481,
t.; York, 77-1, 78 ; North Staffords, 41, 41 ;
p°ver, 741, 75"; Turkish Sixes, 901, 911 ; ditto
I::irs 1051, 106 ; Great Western of: Canada, 16,a
9,41 ditto New, 34 d Grand Trunk of Canada,
,
; Bank Stock, 226, 228.
pened to-day, 0 first quarterly Wool Sales for the present year
Messrs William Greame and Co.
offered 1,500 bales English Wool. The attendance
nNv,"; fore'l and the bidding pretty brisk. The highest
bleat and
and Northumberland hogs and
hers 'was 18d. to 19 Ad per lb.. Fine skin sold
ate ually high rates. The following is the order
of the present series of sales

1. Sat. j East India. Other Foreign.
2. .1%.. -an- 15 Wm. Greame&Co. 26 Egyptian
= oes.
3. ~ 18 do. 1650 English, Irish,&c
4.
" ~Malcolm Greame 150 Do. do.
wed..,.. 0,, Bowes 3 L and Co 1700 400 Cordova, do. do
8. 7,..,, , , ,• , Hughes & Ronald 2000
. Fri ~ -20 T& H Littledale 2000
g. '''• r, 21 Bradbury &C,ooke
10. n r, ~ Browne, Hunter 2000
oat. ~, 22 Hughes&Ronald 2000 1000 Russian, &c
it: Mon. ~ 24 Browne, Hunter 5 0 -
12. " o ~ Malcolm Greame, 600 150 Egyptian, &c
13. ,r,:' o25o• T & 11 Littledale 2000 Buchananßrowne 1000 500
!A eSt .1,
~- Wed. „ 26 Do. do. 350 Australian, &c
.5' l6, _ ' , " „ Bradbury & Cook 100 Scoured Odessa
17. ', ~ ~ W. Greame &Co 708 Hungarian &c.
18. ' . Do. do. 800 800 Egyptian
_,: " " „
T. & H Littledale 500 900 Chili,-Peru &c.
19. Thttrs.,, 27 Perkins,Bobinson 1100 1200 Greek, Lisbon, &c
20- r, 11 // Edmund Buckley 200 400 Buenos Ayres, &c

1000 Donskoi, &c

The demand for Money continues very moderate,
and although a fair amount of business is reported
in private circles, the applications at the Bank of
England have diminished. The bankers and
brokers by charging a fraction less than the official
....., •

minimum-are enabled to secure a larger portion of
the bills brought into circulation, and for a time
a decline may be expected in the discount opera-
tions of the National Establishment. The market
for the Public Funds and Securities opened good
to--(lay, and business displayed a better tone,
'Closing firmer at an advance, although its last
boint was not maintained. The Government
roker bought £20,000 in Consols. Consols closed
at 96 to 961 for both Money and the Account,
the Xew Threes at 96i to 961, and Exchequer
13i,118, 36 t0:39 pm.
....In consequence of the depression of trade,
essrs. Corsar and Sons, Arbroath, are to place
their extensive works upon short time.
afirm in the corn trade in Dublin has suspended
aent, from losses occasioned in the fall of prices.
he liabilities do not exceed-17,000/. The greatest
sYmpathy is felt for this firm, which was one
Featly respected in the trade.
In Scotland, during the past week, the corn
turaedcehants and millers have been doing a good
has advanced
and flour at advanced prices. Wheat
corm c`-e'L from is to is 6d per quarter,
.and a
spondino• • .r• lour.
fill
6 rise has taken placs in the price of
selling majority of the merchants have been
from ,Y at current rates, but a few refrain
soon be hia•her.
Imscang sales in expectation that prices will
abroad have taken ffs from
imports of Breadstu
coastwise . No
olace and the quantity brought
is lin' important.
I Mr' 11. • M‘Leod, in his Glasgow Wool Circa-
, for the weekending 15th inst., says :
The wool firm.„, market during the past week has continued
-there have not been heavy transactions
entered into, . any very
The spinners
as there is an entire absence of speculation.
fact ntprs are buying for their immediate' wants, and
the
heal that prices are so well -maintained shows the
thY state of the muchyet
the ea trade. There is not stir in
clepartrpet trade, but it is confidently expected that this
prove department of manufacturing will soon show a great im-
ment. Blackfaced laid and white maintain their
prices, and command steady sale. Laid washed Cheviots
co met, but firm. White Cheviots and half breds
tak remand an immediate sale. No advance in prises-has
en place. Skin wools are in good demand.
Our
Wer
correspondent at Cork states that there j e 4,637 firkins butter at the maket, during the
week the
for th
re was a fair demand, more particularly
4-nct e higher qualities. On Saturday a large
/liner of seconds were taken at 119 s. per cwt. ;
we
-Of the understand that since the commencement
, ar a
ebout 80,000 firkins of store butter were
sold to the exporters. Many of the butter buyers
-,,re satisfied with the prepared bill for regulating
14e Cork market. They think there ought to be no
rasiation, except when absolutely needed, as in the
eof the deduction for tare, from the regulations
under whieh the butter trade of Cork has been so sue-
!essfully managed for many years, and the market
novv'risen to be one of the most important in
the United Kingdom. Very decided objections
are urged against giving an increased number of
vacs to any one at the election of the members of
the board of management, and to one or two other
clauses in the bill. It is feared if some of the larger
dealers get the power of giving four votes each, as
contemplated, that with the tendency to nse power
for individual interests which so generally prevails in
corporate bodies, the establishment may eventually
become a kind of close monopoly. All parties
interested in upholding, in its full integrity and
extent, this important market, must feel that the
present is a most critical period ; and that the
utmost discretion and anxious consideration for
the different interests in question, are absolutely
needed in preparing the code of laws by which the
trade must be henceforth governed.
The Chicago Board of Tracks has adopted a new
system of inspection of wheat. -What is now
known as number two, is hereafter to be called
"standard," and the test of weight shall be added
to the requirements of spring wheat, so that none
shall pass as Club that weighs less than sixty
pounds to the measured bushel ; none shall pass as
number one that weighs less than fifty-six ; none
shall pass as standard that weighs less than fifty ;
and none shall pass as rejected that weighs less
than forty.
The Traffic Returns of the Grand Trunk of
Canada, for the week ending 25th December, show
a decrease of 1,4231. when compared with last year,
7,633/., against 9,0551.
The sixth ordinary general meeting of the share-
holders of the City Bank of London, was held to-
Sat the London Tavern, Bishopsgate-street.
Robert Carden, M.P., chairman of the board
of directors, presided. The report of the directors
says :

The directors are enabled, after paying all the current
expenses of the establishment, and making a liberal pro-
°Wou for bad and doubtful debts, to declare the usual
dividend of £5 per cent. per annum, free of income-tax,
and to carry forward the sum of £6,982, 19s. Ild. to the
credit of the new profit and loss account, for disposal at
the end of the financial year. The dividend will be
a,_Yable on and after Tuesday, the 25th instant.
rpfte chairman moved the adoption of the report
/notion was unanimously, carried. A resolu-
n?a for the declaration of a dividend, at the rate
r 5 per cent. per annum, free of income-tax, payable
4u"_ll and after Tuesday, the 25th inst., was then agreed
ti'h• Votes of thanks to the. directors, to 'Mr. White,
e manager, and to the auditors, having been
the meeting separated.
u,..041.11 tii the meeting of the Commercial Bank of Lou-
the ' to-day, the following report was read to
oCetproprietors :—The directors have now to lay
to the shareholders of the Bank the balance
et for the half-year ending 31st Deoe-.u-

ber, 1858, showing a net profit (inOluding 1;391/.
Bs. 3d. brought forward from last half-
year) of 13,8221. Is. sd. after payment of all
expenses, and making provision for bad and
doubtful debts. The directors propose to declare
a dividend for the half-year at the rate of £6 per
cent. per annum, payable on and after the 31st
instant. The dividend will require £9,000, and,
after allowing £3,420 19s. sd. for rebate on cur-
rent bills not yet due, there will remain a balance
of £1,401 2s. to be carried forward to the present
half-year. The report and accounts were adopted.
The half-yearly meeting of the St. Katherine's
Dock Company took place to-day, Mr. Cator in
the chair. The report showed .a slight falling off
in the trade compared with the previous year. A
dividend was declared of 21 per cent. for the half
year, and the report was adopted.
- Private telegrams quote the Bombay exchange
a trifle more in favour of this country.

The Blackwall, from Melbourne, With £322,300
in gold, has now been 82 days at sea.