Northern Times.
Liverpool, Merseyside, England, 1857-08-07 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Thursday Evening.

The Liverpool Cotton Market was rather dull
to-day, and the business transacted did not exceed
5,000 bales, of which aboat 1,000 were taken for
speculation and export. There was no change in
prices.
The Liverpool Share Market opined with some
degree of inactivity but improved during
the day, and closed very firm at the fol-
lowing quotations especially for Midland Stock :
Blackburn, 74, 78; Chester and Birkenhead, 661, 67 ;
Caledonian, 384, 39 ; Chester and Holyhead,
head, 18, 184 ; Eastern Counties, 1 11 7-16 ;
East Lancashire, 96, 961 ; Do. 9/. shares, I, 9-16 p ;
Great Northern, 24i, 24t ; Great Western, 614,62
Lancashire and Yorkshire Stock, 091 100 ; Do.
9/. shares, I. p; Liverpool, Crosby, and Southport,
191, 194; London and North Western Stock, 103*
103 k; Manchester, Sheffield, and Lincolnshire, 4%.
xl 437; ; Midland Stock, 814 8-13 ; North British,
11 7-16, 111 ; North Staffordshire, 44, xl
411, d ; North Eastern—Berwick, 231, 23i;
York and North Midland, 381, 382 ; Leeds
Capital Stock, 221, ; South Eastern and
Dover, 22-1,, 22 5-16 ; Scottish North Eastern, 12a,
124; Buffalo and Lake Huron, 4.41-, 4 d ; Ditto New
Shares 4, 3 d ; Dutch Rhenish. 41, xd. 4d ;
Great Western of Canada, 213, 211; Ditto New
Shares, p ; Great Luxembourg, 7, 74 ; Grand
Trunk of Canada, 131, 131.

There was a batter feeling in the London Stock
Market to-day. The market opened more firmly;
but subsequently relapsed, and again improved,
closing at the best. Consols were first quoted at
901 for the 9th of September, were subsequently
quoted at 904, and finally closed at 00i. The
following were the final closing prices : Consols
Money, 901 904 ; Consols Account, 901, 91 ;
Three and a Qaarter per Cent., 901, 91.
In the Discount Market the demand for money
continues active, but the late pressure has sub-
sided. For first class paper the current rate " out
of deers' is 54 per cent. In the Stock Exchange
the rate for short loans on Government securities
did not exceed 5 per cent. yesterday, the pur-
chases of the public having brought money into
the hous
The London Share Market has not been
very active to-day, but the fluctuation in
prices has been unimportant. There were
some transactions in Midland and Caledonians,
which closed at the highest point of the day. The
closing quotations were as follows :—Caledonian,
771, 78; Eastern Counties, Hi, na; East Lanca-
shire, 96, 97; Great Northern, A, 92, 93; Great
Western, 614 62; Lancashire and Yorkshire, 991,
1001 ; Leeds Northern, 444, 411 ; London and
North Western, 103 k, 1031; Manchester. Sheffield,
and Lincoln, 434; Midland Stock, 841 841- ; North
British, 461 ; -South Eastern and Dover, 731, 744 ;
York, Newcastle, and Berwick, 9.41, 954 ; Y.)rk and
North Midland, 761, 774 ; Great Western of
Canada. 211, 211 ; Grand Trunk of Canada, 155,
15z_ ; Oxford, Worcester, 331, 34.
About 400,0001. in silver has already been sold
for expor►ation to the East by the steamer Colombo,
on the 20th instant. It is almost too early as yet
to venture on an estimate of the total remittances
by that vessel, but according to present appear-
ances, they will reach about 'a million sterling
About 327,0001. of this amount will be derived from
the silver freight of the Parana ('he arrival of
which was reported last Saturday afternoon), and
as the supplies of silver obtainable from other
trans-oceanic sources are very limited, it is not
difficult to forp an idea of the quantity of silver
that must be drawn from the Continent during the
fortnight, and paid fo: in gold. On the other hand,
the means of payment are to a considerable
extent furnished by the arrivals of gold recently
announced.

The telegraphic despatches in anticipation of
the next overland mail from India may be expected
to arrive from the 11th instant, provided the ordi
nary arrangements are not departed from. There
is, however, as before stated, a chance that the
overland mail from Australia, which is daily ex-
peeted, may bring some later news from India.

- The Waterloo has arrived from Sydney, but is
not known to have any gold on freight. Her dates
are old.
The continental adviees indicate no material
alteration in the exchanges on London. At Paris
the exchange is now at a lower quotation than has
prevailed for a considerable time past. At Amster-
dam a slight improvement has occurred, owing to
the rise in the rate of discount of the Bank of Am-
sterdam from 4to 41 per cent. At Paris on Tues-
day the exchange on London was quoted 25 17! to
20 for short, and 24.82! to 85 for three months ; at
Amsterdam, 11.771 for short ; at Hamburg, 13.14 k
for short, and 134 for three months ; at Berlin,
6 10 ; and at Vienna, 10 10.

It appears from the advices from Constantinople
that the periodical necessities of the Sultan are
likely to result in the contraction of a new local
" Civil, List" loan. It is mentioned that a Constan-
tinople firm has offered to lend his Majesty a sum
of about 175,000/, repayable in fifteen months, at
JO per cent. interest and 2 per cent commission,
but the contract had not yet been concluded
The hopeless improvidence of the government is
strikingly illustrated in the fact that the money is
chiefly wanted to defray the expense of the public
" rejoieing-." up )n the occa3ion of the recent mar-
riage of the Sultan's daughter.

An instalment of 10/, on the nominal amount of
the Pt eferential Bonds of the Grand Trunk Bail_
way Company of Canada is to be paid by the 31st
instant. The directors now offer for public sub-
scription, at par, Six per Cent. Preferential Bonds
of the company to the amount of 1,171,0001., being
the remainder of the two millions of Preferential
Bonds authorised by the Act of 1856.
The half-yearly meeting of the Great Northern
Railway Company is called for the 20th instant.
4trhe half-yearly meeting of the North and South
Western Junction Railway Company is called for
the 20t1rinstant.

There is temporarily a very limited demand for
gold, probably owing to the supplies already
arrived and hourly expected, and a desire on the
part of shippers of silver to await the arrival of
further intelligence from the East. Under these
circumstances, aborit 20,0001 in gold was sold to
the Bank yesterday, and it is imagined that a por-
tion of the 340,0001 by the Swiftsure will be simi-
larly appropriated. The Indomitable, the Great
Britain, and one or two other vessels from Austra-
lia, may be considered overdue, with upwards of
half a million sterling, and the rate of Exchange at
New York continues at a point, viz , Mt which
will ensure a .continuance of remittances which,
although limited, are of great assistance at the
peesent time, when the drain is so rapid.
There has also been a meeting of the National
Discount Company, at which Mr. J; R. Morrison
was elected an auditor by a large majority.
At the meeting of the Bank of London to-day—
Sir. J. V. Shelley, Bart., in the chair—the report
showed a net divisible profit of 11,5371 lOs 4d ;
but as there was a loss of 7,0391 in their govern-
ment securities at the price of the day, the
directors proposed that there should be no division
of profits at,this period. The chairman dispelled
the various aspersions cast upon the Bank by
malicious persons, and considered that their pros.
pects were now more cheering than ever. The
report was adopted.
At the half-yearly meeting of the London and
County Banking Company, held to-day—D. Nicol,
Esq , in the chair—the report stated that the net
profits were 39,1041. for the half year, out of which
they declared a dividend of 5 per cent. for the
half-year, and carried 14,0001 forward to the next
account. The business had greatly increased since
the last meeting.
The Directors of the Bank of England, at their
"parlour" meeting to-day, held a protracted dis-
cussion, but they separated without making any
change in their terms of discount. During the last
few days many have expressed the opinion that an
advance of per cent would be determined upon at
once, in order to resist the pressure for accommoda-
tion and the withdrawal of gold. As the Bank had
been gaining strength for some weeks previously,
however, it could scarcely have been anticipated
that a slight temporary retrogression would have
noccesitated the adoption of restrictive measures ;