Northern Times.
Liverpool, Merseyside, England, 1859-10-27 00:00:00

NORTHERN DAILIP TIMES.

;MONETARY AND- COMMERCIAL.

LIVERPOOL, Wednesday Evening-

In our Cotton Marker to-day a very good and
general demand prevailed. There was a lame.
amount of business transacted, at full prices- for
useful qualities ; and the rates for middling and,
desirable grades may be quoted as Id, higher.
The day's sales reached 15,000 bales, of which
3,000 were for export, or taken on speculation.
•In the Liverpool Share' Market, to-dfty, busi-
ness was almost at a stand-still, and there has
been really no new feature to report. Prices re-
main without any perceptible change except for
Great Western. Stock, which is 2 pereent. higher.
The business done included the following sales:—
Great Western, &II ; Lancashire and Yorkshire,
90,1 ; Manchester, Sheffield, and Lincoln, 3417 ;
Midland, 105=4, ; South Eastern, 23 ; Orin&
Tuck of Canada Seven per Cent., 1867, outi4.,,int.,
73, 4 ; Great Luxembourg Constit, 7*, 1.1.8 ;
North Eastern £l7 Shares, ltd. ; Liverpool and
Ipandon Fire and Life Insurance, 7ap.

'CL_OSING PRICES.
Ches. & B'head .
.77/ 77t- N. Stafford . .. .4 3-16 od
Caledonian 92 924- N E.Be
11 1-16 111
East. Counties York capitalrekdsr eSS
tteekk ....:3793;11 97041
1031
S.
Stock E. L. Stock .... ___ ___
G. N. Stock ....103-1
. .641-4 65 Dutch Easternle 451 46
..... 23 23 1-16
41 4-id
Great Westerns
Lan. and York _964- 961 Gt. LuzemZisoll
Ln. & Nor. West. 957-, 95-a G.T.Canada9urll.-1619-163 7/
, 1-shares.....„. 1 id G.W.Canadal4s-1614171:
3i. S. and Lincoln 341 35 „ new shares Si 6-id
IfidlandStock .. 1054 106 Lomb.-Venetian .. 2 21D
-.....`
N. British St. ... .591 60 ~ new shares
—.--

LONDON STOCK EXCHANGE.
LONDON, Wednesday Evening.
In the English Stock Market, rather mole con-
fidence prevailed to-day, and although no quota-
ble advance in prices took place, the tone of busi-
ness was not so unsatisfactory. COnsols opened
with firmness, and have been well supported
throughout the morning, the latest quotations
being 951 to 96 for money and the account. The
G6vernment Broker effected a further purchase of
£15,000 Reduced Three per Cents., which have
been dealt in at 941, a ; Bank Stock, at 226 and
225; India Debentures, 961, ; Ditto Bonds, 4s.
and I.s. pm. ; and Exchequer Bills, 295., 275.,
285., and 31s. pm.
The }lnglis' 13, Railway Market, though quiet;

presented a better appearance with regard to
prices, which, in some instances, have partially
recovered their tone; Caledonian, London and
North-Western, Berwicks, and Yorks are each
about I per cent. higher.
In the Market for Foreign Securities very little
business was done, and in one or two of the lead-
ing stocks some heaviness prevailed. Spanish
have again fallen from Ito 2 per cent. Original
Turkish Sixes are t--; per cent. lower, but the New
Turkish Sixes, with Brazilian and Mexicans, are
supported. New Victoiia Loan is quoted 1091,
and the New Indian at 1031-, y.
For French Rentes the quotation at ten minutes
past twelve was 69f. 33c., thence to 69f. 40c., and
again to 69f. 45e., with a firm market.

TUE PUNDS.-CLOSING PRICES

Con. Money .. . . 95
„ Account .. . . 951 6,
Exchequer Bills. 27 31

RAILWAY
A. Not. E. J. . . 6
Caledonians .. . .
D u telt Rhenish..

Eastern Counties 551- 6
East Lineasilire.
Edinbgli. & Glas. 77 9
Great Sorthern..lo2 3
77 „ A. 89 90
Gt. Western.. . . . 64!;
Gt. W. Canada
Gd. Tk. of Can. 14 5-16 7-1 G
Gt. S. and W... 106 8

Bank Stock ....225 227
Three per Cents. 941
Nest Account, Account,

SHARES,

Lauc.&Yorkshire 96
fi.& N.Western. 95::* ti
L. and S. W.... 95
Leeds Northern.. 46
31an.Sheff.&Lin. 34j.
Midland Stock ..105;, 6k
North British 591
N. Staffordshire.
S. E. and Dover 76;1
York,Nesv &Ber. 891
York &N. Mid.. -73 T, t

The following appeared in a part of our
impression of yesterday- :

THE MONEY MARKET.

Gold is now one-tenth dearer in Paris than London.
The price in London, and, Hamburg is about the same.
At present there is scaroely any profit in the importation
of gold from the, United States. •

The disquiet. in the Spanish and other continental
questions caused Funds to even at a renewed dTline of
per gent.. hut there was subsequently a better feeling.
The demand for money continues td increase, and the
general,rate is little if at. all aelow the Rank minimum.
• '

The Funds opened at a reduction ofl per cent.
Attention •Wai. chiefly *directed to the projected Spanish
expedition against Morocco, but vagne-distruSt of policy
of France had also considerable influence ; nevertheless
consols closed with comparative firmness at. yesterday's
prices: In the other departments of the. Stock Rxchange,
daring the 'greater part of the day, there.was.not 'even a
fractional change in prices. More strength was shown
in the afternoon than in the morning:. The discotint
market uontirues active, and the supply is inadequate-
to immediate requirements. Some difficulty was. ex—
perienced' to-day in getting the best paper discounted at"
2 per cent.: No gold was withdrawn from the Bank to-dav,
t!le 031,000 bythe British Triclenthaving: satisfied the'
imnettiate want of exporters to' the Continent. Fresh.
.;tl;,2lies will be taken as fast as "they arrive: The'de-
-111..td c,),ltinning active on 'Change to-:day, bills On the'
le ling Cwitinental cities, including Ar?..,-terdam; Parisi
were in demand, and the. rates were.
iowa. Austrian exchange has risen considerably;
want of faith in the 'Austrian. finances.
'lke St. l',l-orsburp. rather more favourable for this

RAILWAY SHARE MARKET.

The.principal feature in market for fliitisli railway
stocki, w,o-an. advance of.riearlY-2 per cent. in,Caledonian,
final qu'otation being. 92 to. 92f.' After the officiarclose
there was also animprOvernent' in several other descrip,
= '

quality sold freely at 6d. advance; ordinary sorts sold
irregularly at par to 3d. advande ; low sorts were
neglected. ,Dry leaf Madras were in limited request ;
a -few sold at about lait sale's prick Towards the
close of the sale there was less disposition to bid, and
the part which had to pass the hammer were mostly
withdrawn.
Markets generally quiet to-day.

GREAT EASTERN &YEA-MS-RIP

A T,'HOLYILEAD;

T' E GLREA. T. EA. S R N

WHAt CONTINUE.'
CYtiT

N.:Bt.—TO-DAY will' be a HALF-CROWN DAY.
. .

B Q U T.

RIGHT HON. THE :EARL OF DERBY,

A7l THF.
• • '
EITI H A 11MION C TUA. L -
ELVERPOOL,

ON THE. 29th OCTCPB:ER,

1859.•

DINNER ON THE .TABIL.B. AT. SIX. O'CTIOCK

THE': MMITTBE rec Nest that: Gexfletion will lie:,
in their places at -a. Quarter to Sin. Alga, that
Gentlemenwill be in full dress; and those•entitled to;wear tun,
forms will appear in them.
The timitqci,npmber of Ladies'•Ticket's. which tho. Cdmroit.
tee couldissue, will, also,.be• delivered at, the office- in Sweet-
ing-street, The Committee•trust, that; Ladies! attending the:
Banquet will exhibit "PhP Gaol " Conservative
' Colours, Red and Blue. It is requested that Ladies will be,.
in their places not later than. Seven o'clock.
Those who will have Tie-Jests for•the• Galleries, will - ad.:
witted at half-past Seven.
The foUawing Police regidations wilthave to be obsetVed

C A.B: it .I A OLE S.
~ • • SNITING-DOMISC.
Carriages to set doual 'tn. Hope-street, witha. the horses!
heads towards Mdunt-pleugaut, and drive off down Hardman-
street, along North enate.f Hope-street, or Myrtle-street.
The line will be formed MI the Rut side of ItOpe-street:,,to
Upper Purrharnent-street, down theNarth ,side of: said street;
and continued, it necg.sary, on the. East side of St. James'
Road.

• ' TAKING TIP:
Private Carriages and engaged MOTS, Will WCAP:itcP
street and Myrtle-street, with the horses' heads:towstdii Monnt:
Pleasant, slave off eithrsdown Myrtle,street,.Har&
man-street, or along. Hope-stree- line ofseriages,
be formed in Hope-street, as in setting down,,and also onithe-
soath.nide of Myrtlerstareet. -

Carriage's to the Orchestra anct Galleries to set down at ike._
EastJnd of the Halt, entering from Myrtle-street, To driy.e; ,
off by Caledonia-street, and to take. up the sanakiky.'•
SPARE .-CARS.'
The line of Spare, Cars will be• formed mutt:Le, South Bidwell
Calediania-street, with horses' heads towar4aope,street;. Tib
turn, and take up at the SouthtSide door.
Ladies will be 0,0414tp the pa:lttries.

THE .MUNICIPMe

The secretaries of the diderent committees for managing
the Municipal Elections are respeotfitlly requested to
forward to, • the office or, this papers, in Leigh”,street,
timely intimations of all ward and other meetings, in
order that we may be enabled to send repeaters to
record the proceedings. '
• ,

The HUDSON'S BAT SEAL SKIN CLOAKS and JACKETS,.
ONE Comma each, at the New Shawl and Mantle Warehouser
40, Bold-street.—SHWARD and HoodsoN, PrOprintors. n 25,

TO CORRESPONDENTS.

"Conservative" is„assured tkat every justice will, be dogeby
us Wthe Great.,Demonstra.tiOn, that is at han.:.
Short letters aie encouraged on matters of public interest.
They should be legibly written onone side of the paper only.
Under no circumstancbs. Of4ll we insert coninatuucationa not
accompanied by the anthor's real name and address, not
necessarily for publication, but as a guarantee of good faith.

Vjt ttrniimt

THURSDAY, OCTOBER 27, 1859.

THE DAY'S NEWS.

The idea would seem to, be becoming prey alent
in the political circles of the metropolis, that
Spain, in going to war with Morocco, is but the
instrument of France.. The Daily News main-
tains that " a collusive understanding exists be-,
tween them," ad4ing that "the_. consequence of
this is that the British Government, whose Medi-
terranean interests are involved in any territorial
aggrandisement along the Straits of Gibraltar,
finds itself in the alternative of either calmly
watching the progress of the Spanish army, or
forcibly intervening between the belligerents,
now that its representations have been set at de-
fiance." Such a forcible intervention, hoWever,
would be tantamount to engaging in the war, a
step which would certainly be, on every account,
to be deprecated. _

There is an uneasy feeling, it appears, in the
London Money Market, owing to the disquiet on
the Spanish and Continental questions. The
funds have been declining for the last two or
three do:ys. There is an apprehension, in fact,

that it will be very difficult to avoid a rupture
with France. Serious misunderstandings are
evidently arising, and Lord Palmerston,,it is but
'too well known, is not so pacifically disposed as
to err on the side of peace—if he errs at all,
which is more than probable.
We gave a summary of the Board of Trade
imports, for September, in our impression of
yesterday. They are referred to, we observe, by
the London Press, as offering a complete refuta-
tion of the idea, so prevalent of late, that business
wasgdull. It is quite true that there is no specu-
lative excitement in trade just now, but that it is
progressive and profitable, we believe there can be
little doubt.

Notwithstanding our troubles with the Chinese,
we continue to receive ample supplies of tea.
Another cargo of new congous -has just arrived,
to the amount of 138,000 lbs,—samples of which,
it is said, are to be in the market to-day.
Austria has, it appears, declared that the-
accession or non-accession of England to the Con-
gress can . make no difference in relation to dis-
ciissions which have no' connection with English
interests.

Complications with respect to the Spanish war
against Morocco, appear to be becoming imminent
and threatening. The Emperor of the. French,
it is said in a telegram just received, has declared
his determination to render assistance to Spain: in
her war with Morocco, in the same manner as he
did in the. case of Piedmont. it is also somewhat
singular to notice that a Spanish journal states,
in a Sort of semi-official farm, that the':- ministers
of most of the European Powers; including Great
Britain, declare
,their opinion that the war is a
just one.

The late tutexpected storm; of hailrstiow, and
thunder, which seemed so little in unison with
the atinospheric influences which. generally pre-
dominate in this country, has been succeeded by
a tempest of 'wind, and rain of unusual 'severity.
In LiVerpool, the gale was exceedingly violent,
from a). little before daybreak till considerably
past noon: The fatty steamers plying between
the Lancashire and Cheshire shores -were for. a-
considerifile time unatlile ton make theirteustoraary
trips. Ira-the river and, docks, some damage was
occasioned' to 'the shipping ;- .but . fortunately no-
thing of sera us Moment' occurred. In the town,
:slates and claimh4-pots- were blown from the
house-tops, and
.several shop signs were thrown
down. By telegraphic dbspatches received; it
appears that the storm has extended neaa-ly all
over the island; and numerous disasters, some of
them. of a fatal nature, have occurred out different
parts of the coast..
Whatever mays be the miSuitderstandings;s.and
how' complicated,' soever may-apparently be -the
relations between•this countrr-and the ruperor
of Prance, it would appear that he• has .nothy
any means abandoned the idea of still joining
our forces in an expedition to China,. for the pur-
pose ofiEprinoigit4c- Chinese to a sense of thoh-
perfidSt- and,

IN whatever direction, we- turn our eyes at Cie
presentntoment, the -political horizon looks; dark,
and louring. Fresh earnplicationg are risit tg'up,
in Continental Europe. A newt difficulty • has
occurred; in the declaration of war-madeby
against the Emperor. o Korocco,,in;whieh w e are
likely to• be. .implicabeeir if, Spain. insists • -upon
"a matariai guarantee;'— that is, plantin g a
colony ihnnediately adjoining the town and
fortress-of Ceuta;—an'occupationzwhich Engl and
never car-ipertnit to. take plaen, assbeing ani in-
terference-with her power at Gibraltar.. Rumours,

too; are-flOating abOitt. ;on the 13iiirrses in Parris,

that the GoVernments of'FranceundEngland are
not on terms of. the .warmest cordiality, conse-
quent upon our refitSiit to loin any Cougreep on
the complications of Cer.utralltaly:;.not-witlistand-
ing the vary- earnest protestations, ot amity an&
goodwill so boastfully' paraded_ by Lord rALMEIt-
STON 121 a Lord J0ni1,,14-55E4.1.).. If we- turn away
from tht-revisiOn of'-European polities,. and con,-
template our ProspetiiS in the East,, things are
not very bright or cheering there.. The revolt in.
India,bas., not ,yet been- perfeetly put down ; it
starts into life and action here andthere through-
out Central India„ and,will require. another cam-
paign:before it can,Tbe completely extinguished }--
and. this,. too, when
_there• is an additional call
upon our troops for:service iil,, China.
With all these dangers.marked out on the poli-
tical chart, as we spread it.before the mind's.eye,
we,must naturally-look with: anxiety to the„Cha-
meter and capacity of the crew which man the
State vessel, and see what sort of pilot we have
at the helni, to steer her through a storm.-which
is manifestly gathering, all around. We,. should
desire to sae them a, united band, guided by a
steady andunfalteringl hand. Do we•findleither
the one desideratum, or the other inAlte 'Resent
Administration ? Can the antecedents, et the
Ministers which form it, inspire us with any hope ;
or are w justifie' in , placing -any reliance upon
their oompeteney to carry us safely. through the
present very critical juncture of, affairs at home
and abroad?, We can place• no dependance
whatever. upon their ability or: power to de so.
They. are defi,eient in the chief element of strength.
—unanimity among, themselves; and without
this they can effect nothing at home, and can,
command no respect ov consideration. from,
Foreign Powers. Discord has already appeared:
among them. How ; could it be- othemise
Composed as the present Government is, of per-
sons of such opposite views, banded together for
the factious party-purpose of supplanting Lord
DERBY'S Administration, which in an eminent
degree possessed every qualification, necessary to
cope with the urgent circumstances and intricate
complexities of the present moment,—it were in
vain to expect any real union and concord. It is
encouraging, however, to see that the country is
quickly discovering the deception which has been
passed upon it, as the corrupt and disgraceful means
are disclosed and laid open, by which the majority
of thirteen was obtained on Lord JOHN RUSSELL'S
unprincipled resolution. NAPOLEON THE GREAT
is reported to have said, that a Whig Government
would grind into powder any-kingdom, even if it
were made of adamant. How long the glorious

Constitation of England will be able to resist the t
crashing process to which it is at present subject,
,we cannot say; but certainly the sooner it were,
relieved from such a destroying pressure the
better. We cannot think that the country will
permit • a very • much longer tenure of office
by a Ministry so much below the exigencies
of the present most important crisis .We
have an Indian difficulty . partially over-
come ; we have now a China difficulty, and have
scarcely yet fairly escaped an American one,
in which we should have been involved, had it
not been for the good sense and forbearance of
Governor DOUGLAS. In the Peiho disaster, we
lost much of our prestige, to recover which
fifteen thousand troops are to be sent frorn India ;
and we ask, to do what ? To send out such a
force against three hundred millions of Chinese, is
worse than doing nothing. In fact, the difficulty
with John Chinaman has, in our opinion, been
under-estimated. The seeds of it were originally
sown by SirJoHN BowalNG's rash and hasty poli-
cy. And now, because the present Premier will not
oblige his cher anti, the Freneh EMPEROR, by drain-
ing this country of the already scanty provision of
soldiers which is in it, he will not unite with us
in any expedition to China. We may probably
reach Pekin with so small a force ; but we shall
producer no• perinanent result. And as to the sub-
jugation of the country, self-confident as we know
Lord Job' RUSSELT; to' be in his own powers, we
should hardly think that such an absurd idea can
have entered even his head*; although he is pre-
pared; at a moment's notice, to undertake . any
task, without being at all discomfited by the cer-
tainty' of failure. •
Altogether,. our political Christmas prospects
do not, it must be, confessed, look very merry,
' especially-. under the• auspices of an Administra-
' tion.Which has no element of stability or perma
nency about it, and therefore has no weight; .and
• commands no respectrin the. Cabinetsnf Earope;-
- a conglomerate, as it is,-of every shade- and de-
gree‘ of so:.ealled Liberia., opinion, from Whig-
family traditions to the-lowest Radicalism. No
dioubt,,when the country calls. upon Lord•DERBY
again to take the helm,—of which We-can plainly
SOC every probability, amounting to moral cer-
tainty, at no distant day,—.we-have little doubt he -
will be prepared to do so• at, the right moment,
and in the right spirit. When the .country has •
had, usque ad nauseam, the bungling of this

Motley Administration, the Conservatives will
again,.be required to take office, which they will
do, as a-strong, compact, and united body—strong
in their ability,. their principles, and their integ-
rity of purpose, andprepareditherefore, to inspire
a feeling_ of confidence and.. security at home,

arid to command the utmost respect and consider-
ation abroad.

IT is more than gratifying to Churchmen
,to sec.!
the parochial movement in defence of Church- ,
rato, and= for, the propagation, of solid informer-•
tion on the subject, so strenuously followed up,
amtingst us:

There is. nothing the noisy and superficial agi-7
tator so much 'dislikes and fearS„ as to be met
with" a little more knowledge, than his own, a.
little more . acquaintance with. historical facts, a
little more accurate discernment of the relations,
between mete and taunt. We-need not sa,ythat
tile region Where his arguments-strut about with
blatant confidence doesnot lie within these wiser
limits.. The.--domain where his. peculiar genius,
finds-its freest play, is- that.. twilight where- the
bats of ignorance" fiy., abroad, and men are,'.
most easily filled with..vain..fancies, " imagine,
".tions as one would; ' and. the like. He never
wants
.food_ r, fo ad captanditai, appeals, for his.
device -is the easy one. of all_latitudinarians and
partial reformers. The side of life which. is..
uippermost to- every.: man only need be. in,-
tensified, d.ivested of.- most. of its relations,
abstracted_ from . many requirements-. which
are difficult of adjustment„ and which somewhat
interfere with each_ other;, and every seeming .
defect is straightway, magnified into, an un-
natural monstrosity,.;:nay„ even good. things dis-
torted. into evil. Argument with these men is:
for the zutc;ist part. Useless,. A few plain intelli-
gible positions , or, fact and justice will. prove an
invincible barrier -against their sophistries, and
awkwartl.interrnitions. in the' path, of an over-
heatedifancy. But the barrier 'We -must raise is
in the , hearts and, the reasons of: the Church's
own ehildren4-, it is the weak ally,. it is the um.
informed but, honest opponent,, that we_ must;
strongthen:agOnst the arts of factious and selfish,
opposition, How much strength among Church-.
non; haire we lost by the necessities or the pre-.
indices, of their political relations ? The party,
that has challenged their political adherence has.
inscribed on its bannerS, opposition to some
ancient right or custom;. and the Church having'
raised but a feeble note.: in defence of her privi-,
leges, Churchmen, wavering between political
affeetions and a sleeping attachment to their,
hereditary faith, ltalze• seen no occasion for inter-.
rupting the course of their allegiance. Was it any-
thing but a political. necessity that induced Lord
JOHN RUSSELL'S pitiable religions, inconsistency
last Session ? Amid all the compromises and adap-
tive schemes, proposed as a substitute for Church-
rates, even by Dissenters, whatnew necessity had
arisen to call for Lord JOHN'S sudden adherence
to the extreme and lawless spoliation of their
most indecent and. unscrupulous assailants ?
Whether Lord. JOHN has done wisely, even on the
lowest personal grounds, in thus achieving the
final ruin of his reputation among. Churelimen,
may very well be doubted. One thing we are
sure of,—that a VigorOus and continued effort to
call out, and give due and moderate expression to
the Church feeling which is still strong through-
out the country, will• convince trimmers of this
unconstitutional stamp, not only that their sup-

OCI.OBER 27, 1859

art can be dispensed with, but that the -cause
7 have so faithlessly deserted is strong enough
. ; inflict punishment for the crime.
We were glad to find our highly-respected
4:*shop, of undoubted Whig antecedents and pre-
_dices, speaking with such confidence of the
abstract right in the matter of Church-rates.
Yet it is an evidence of previous apathl
among Churchmen, that even he looks forward
to the necessity of a conapromise.•
Now, we are quite willing to admit that the
altered condition of the natim,—the religious Pre-
judices and peculiarities- which are everywhere
crossing the path of justice and reason, and Pre-
cedent,—the scruples of conscience, which 110
information can be far-reaching enough to root
out of all the corners and bye-ways where the,'
hide and enshrine themselves, render advisable
some change in the old and natural channels
through which Church privileges have
tained their relations to the people. But this
change, this compromise, should take for its bass
the full recognition of the inherent rights of the
ClArch,—the rights of inalienable. propertc
Commutation we are prepared for ; but not 4
commutation which is robbery. Though a cote`
promise, is, perhaps, all that we can expect, let
not Churchmen relax in their efforts to spread
that reliable information on the subject of Chilreli
property`, which is the bCSt ground of confidCuee'.
and will be the strongest weapon of, defence
against those ultimate objects of wicked alltV
dishonest men, which even now they haVe been
brought to avow as the secret impulse of their
present modiffed opposition. Let the elergY
not doubt thato through a higher blesing, the
seed now sown, unpretendingly, and ill 1, eiet/
faith, will surely bear fruit. That not one go"'
and true word spoken in sincerity and clsarity, In
this, great cause, shall fall to the gi-ound, or fail
altogether in its effet.