Northern Times.
Liverpool, Merseyside, England, 1859-06-06 00:00:00

THE NORTHEIN TIMES MONDAI, JUNE 6, 1859

MONETARY AND COMMERCIAL.
LIVERPOOL, Saturday Evening.
The Cotton Market was steady and somewhat
quiet to-day, the sales not exceeding 6,000 bales, of
which 1,000 were on speculation and for export.
There is no change to notice in prices.
In the Liverpool Share Market to-day business
was rather quiet, and prices are a shade lower.
The following are the sales reported :—Chester and
Birkenhead, 68 ; Eastern Counties, 101 ' • Lancashire
and Yorkshire, 871, 871 ; London and North Wes-
tern, 871 ; Manchester, Sheffield and Lincoln, 34/,
341; Midland, 67/, 67, 661 ; Dovers, 191, 19 3-16;
Dutch Rhenish, 7+ d ; Grand Trunk of Canada, 8a ;
Great Luxembourg, 5 1-16 ; Liverpool and London
Fire and Life, 7+ p ; Bank of Liverpool, 191.
The Market for the Public Funds and Securites
has been rather dull and drooping to-day. Consols
closing flat at 92+ sellers for Money, and 92+ for the
next Account. Stock has been freely offered.
Exchequer Bills 18 to 22 ; Bank Stock, 220 to 222,
and the New Threes, 91a to 91+.
In the London Railway Share Market, to-day, very
little business was transacted, and prices show a
slight decline. The following are the closing quota-
tions :—Ambergate, Nottingham, and Eastern Junc-
tion, sa, 5+ ; Caledonians, 761, 77+ ; Eastern
Counties, 54, 542 ; East Lancashire, 85, 86; Edinburgh
and Glasgow, 71, 72 ; Great Northern, 981 991 ;
ditto A, 79, 81 ; Great Westerns, 521 ; Great
Western of Canada, 141, Grand Trunk of Canada,
8&, 84; Great Southern and Western, 104, 106 ;
Lancashire and Yorkshire, 871, 871 London and
North-Western, 87+, 88; London and South Wes-
tern, 88, 89 ; Leeds Northern, 44, 45 ; Manchester,
Sheffield, and Lincolnshire, 341 ; Midland Stock,
961, 96; North British, 53, 54; South Eastern and
Dover, 631, 64 ; York, Newcastle, and Berwick,
86, 87 ; York and North Midland, 701, 71.
The movements of the Precious Metals during the
past week have again been important. The Imports
have amounted to about 317,0001. from the United
States by the Kangaroo, 207,800/. by the Niagara ;
28,412/. from Australia, by the Ellen Stuart ;
57,529/. from the Brazils, by the Tamar; 148,590/.
from the West Indies, by the Parana ; 1,334/. from.
Alexandria, by the Indus ; 9,459/. from the Penin-
sula, by the Tagus ; 25,000/. in Gold from Constan-
tinople ; and 98,000/. from St. Petersburg. The
Exports have comprised 1,650/. to the West Indies,
by the Magdalena ; 224,875/. to the East Indies and
China, by the Pera ; and shipments to the Continent,
through the London Custom House, estimated at
57,825, making a total of 284,350/.
The Malta steamer with the Australian mails and
dates from Melbourne to the 14th April, and Adelaide
17th, and the Salsette steamer from. Bombay May
14th, arrived at Suez about the 27th May. The
Ellora steamer, with the above mails, arrived at
Marseilles yesterday at three p.m., which left at ten
p.m. for London. The Emeu steamer, from
Australia and the Mauritius had arrived at
Bombay.
The London Public Sales of Foreign and Colonial
Wool, which commenced on the sth ult., were
brought to a termination yesterday afternoon. About
63,000 bales were offered for public competition,
consisting chiefly of Port Phillip, Sydney, and Cape
Wools, with a few of Van Dieman's Land and
Swan River descriptions. The sales throughout
were well attended by both home and foreign buyers,
but owing to the advance in the value of money,
combined with the unsettled state of political affairs
both here and on the Continent, prices experienced a
decline of 3d per lb. on Port Phillip, and 2d to 21d
per lb. on Sydney qualities, compared with the rates
realised at the previous auctions in March. There
was a good demand for Cape and Van Dieman's Land
descriptions, and the few lots of Swan River Wool
sold tolerably well, notwithstanding the bad condition
in which it arrived.
The Persia arrived here this morning with New
York advices to the 25th ult. Two failures had been
announced in New York, viz., Meyer and Stucken,
D. utlictay mei °hum ts. The
former house had deemed it prudent, in view of the
late judgment in the case of Graham v. Meyer.. -Jr
make an assignment Ltunspired with
t mt. assets and liabilities. Messrs.
Hargous have been compelled to suspend by the fai-
lure of the Lousiana Tehuantepec, to remit means to
recover their drafts. Their own liabilities are nomi-
nal, and their individual creditors are understood to
be secured. The New York Bank statement for the
week ending May 21st, showed an increase of
$918,673 in specie, and a decrease of $978,955 in
loans, $138,210 in circulation, and $142,509 in
deposits. The statement was considered satisfactory.
The Cotton Market had fluctuated in consequence of
the conflicting news from Europe, but on the advices
of the City of Baltimore being received, a consider-
able degree of firmness was apparent in the market,
and prices were quoted steady at 111 e. for Middling
Uplands. The Breadstuff trade had become very
dull, and a fall had occurred in prices of the chief
articles. The Provision Market was heavy and
lower. In Freights there was not much doing, but
rates were maintainefi.
The letters by the :Brazil mail were delivered here
to-day. The followiitg is from our Monte Video cor-
respondent, dated April 30 :
Imports have been on a very limited scale, only one
vessel having arrived from England with a general cargo,
and business in manufactures has been very brisk, principally
amongst woollen goods. Goods sales have been made at
remunerating prices, and if imports continue steady we hope
to see the large stocks of manufacturing goods diminish,
which have lately accumulated to an enormous extent.
Produce : Transactions in produce during the month
have been very large and several heavy contracts are
entered into for forward ,delivery. Total slaughter this
month from 14,000 to 20,000.
Freights: Very few engagements have been made since
our last, and rates continue without change, although the
number of suitable disengaged vessels is very small, we
nevertheless consider the state of our freight market during
the next six months is not likely to improve.
Exchange has varied very much for this mail. Operations
commenced at 411-d, and closed at 40d per current dollar.
Total transactions for this mail from £40,000 to £50,000.
Export of produce from Monte ,Video for England from
25th March to 25th April, 1859 :-7,063 salted ox and cow
hides, 1,589 salted horse hides, 102 dry ox hides, 5662
pipes tallow; 88 cases maves grease, 36 bales wool, 4 bales
sheep skins, 8 bales hair, 3 cargoes bones and bone ash.
From Uriguay and Parana : 26;995 salted ox and cow hides,
9381 pipes tallow, 19 cases maim grease, 4 bales hair, 8
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Rates of Freight for England : Salted hides, 32s 6d
Dry hides, 755; pipes, :.`2,3 6d ; cases, 32s 6d ; primage, five
per cent. ; hides, 'O-tpes, and cases per ton weight; bales per
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Shares.

There is some demand for Silver for transmission
to the Continent, but exporters do not appear
willing to pay the present price —viz., 621 d. per
ounce standard.
A considerable supply of Mexican dollars (irre-
spective of the large remittance despatched from the
western coast of Mexico per her Majesty's ship Alert)
was expected from Mexico by the Parana, but failed
to arrive. The bills of lading have reached London,
having been brought to St. Thomas's by the steamer
from the Mexican Gulf, and it is presumed that the
dollars could not be shipped at Tampico, owing to
stress of weather. They will doubtless come forward
by the next steamer to Southampton.
The late rapid rise in the Funds has induced realisations
and a partial re-action. Consols to-day sustained an
extreme fall of nearly fit per cent., but towards the close more
steadiness was shown, and the latest quotations were H per
cent. below those of yesterday. In most of the other
markets sellers predominated, and lower prices were quoted.
The rates of discount are still falling. First-class bills were

1 3
negociated to-day at 2-§- to 2-4; per cent., and in exceptional
cases even as low as 21 per cent. The Discount Houses
have to-day announced a fresh reduction of per cent. in
the rate for loans. For money payable on demand 2 per
cent. is now given, and at seven days notice 21 per cent.—
Daily News City Article, Friday Evening.
The English Funds have lost some of their buoyancy, and
have closed to-day at a decline. The accounts of the
active progress of intrigue to stir up insurrection in Turkey
contributed to the tendency to depression. In the Foreign
Exhanges this afternoon there was no change of importance
from the rates of last post. About £4,000 in Turkish
gold was sent into the Bank to-day. The commereial
advices from Germany continue to shew great anxiety
and distrust. Another large failure has been announced at
Augsburg. The house was that of M. Paul Von Stettin.
The Colonial Produce markets this week have exhibited
more steadiness. In the Railway Markets to-day, after a
heavy decline took place, but all on leading British. Stocks,
except Great Western, left off I to 1 per cent. lower than
yesterday. The tendency at the close was unfavourable.
The aggregate railway traffic returns for the United King-
dom for last week, ending May, showed a decrease of
£6,930 as compared with same week last year. The report
of the bank of British North America states the nett profit
of the year 1858 at £61,988. A branch of the establishment
is about to 11,0 opened at Victoria, in Vancouver's island.—
Times City Article, Friday Evening.