Northern Times.
Liverpool, Merseyside, England, 1860-01-21 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Friday Evening.
The Cotton Market to-day was scarcely so brisk
as yesterday, and prices were rather easier, the
previous advance of id. per lb. being hardly
sustained. The sales of the day amounted to
10,000 bales, of which 3,000 were for export or
taken on speculation. Concerning the week's
Cotton Market, Messrs. George Holt and Co., in
their weekly circular, say :—Since Tuesday last
there has been great activity in the Cotton Mar-
ket, but as the stock on hand is large, and as
there is still much Cotton on the way and
shipping from America, the increased inquiry
has generally been freely availed of by im-
porters, and prices, though dearer, are less
affected than might have been anticipated
with so large a business; the advance in the
middling and common' qualities of American
barely amounts to Id. per lb., the fair and better
qualities, and Cotton of a full strong staple, are
not plentiful, and in these a more decided advance
has been established--the difference in value
between the " fair,' and " middling" qualities,
which in the early part of the season approach
more nearly than at any other period, is nowrapidly
widening. To account for this reaction in our
market, we must refer to the unprecedented de-
mand which is steadily maintained in Man-
chester. The consumption of this country never
was, we believe, on so extended and profitable a
scale as at the present time, and it is not sur-
prising that spinners fully engaged, and with
large contracts on hand, should be desirous to
secure some Cotton, especially when there is still so
much uncertainty as to the ultimate amount of the
crop; We now quote "middling" Uplands, 6 7-16 d.;
Moleile, 6 11-16 d. ; Orleans, bid. The Committee
of-Brokers place " fair" Uplands at 7d. ; Mobile,
71d: ; Orleans, 71d. Surats have been in good
demand at full prices. Brazils and Egyptians
also in good enquiry, but are freely offered, and
prices remain without quotable change. 14,030
American, 160 Surat, and 160 Egyptian, are re-
ported to have been taken on speculation ; 10,590
American, 8,450 Surat, 30 Egyptian, 300 Pernam,
and 250 Bahia, for export; so that the deliveries
to the trade for the week have been about 69,800
bales.

In the Liverpool Share Market business opened
with great flatness, especially for Great Western
Stock, which receded nearly one per cent. on re-
ceipt of Unfavourable rumours as to dividend.
At the close of business the market became a
little steadier. The advance in the value of
money operated prejudicially upon the market,
and during the week prices dwindled a little,, the
amount of business done being very small. The
transactions to-day included Birkenheads at 764 ;
Great Western, 68 ,f, 8; Lancashire and York-
shire, 101/ 2 ; Lancaster and Carlisle,
209; London and North Western, 981, t, 1, 1 ;
Manchester, Sheffield, and Lincoln, 39 81 ; Mid-
land, 1091 1; North Staffordshire, 31d. ; South
Eastern, 25 5-16; Dutch Rhenish, 4 11-16 d. ;
East India 5 per Cent., 104 a ; Grand Trunk of
Canada, 91 15-16 ; Do. 6 per Cent. Pref. 1881,
961; Do. 7 per Cent. 1867 cum int., second issue,
821: Manchester, Sheffield, and Lincoln 6 • per
Cent., 128; St. Helen's R. and C. 4 E., 97;
Liverpool and London Fire and Life Insurance,
8 IP.

At the date of our last the Cotton market was much
depressed, and with over-abundant offerings, an irregu-
larity of about id. per lb. existed on the rates for Ame-
rican descriptions. Since Monday, however, although
the market has still been freely supplied, the pressure
to realise has hardly been of so marked a character, and,
with large daily sales, prices have regained their
regularity, and are even 1-16 d. to kd. per lb. higher.
Brazil and Egyptian without change. Surat in fair
request at old rates-. The weekly sales are 103,780
bales, of which 14,350 are on speculation, and 19,620 for
export.