Northern Times.
Liverpool, Merseyside, England, 1857-09-17 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, THURSDAY, SEPTEMBER 17, 1857.

MONETARY AND COMMERCIAL.

LIVERPOOL, Wednesday Evening.

The demand for Cotton is not so active, yet,
owing to holders not supplying the market very
freely, prices are firmly maintained. To-day the
sales were about 7,000 bales, including 1,000 on
speculation and for export.
The Liverpool Share Market opened very
gloomily today, but on the receipt, of the confirm-
ation of the cheering news from India, it improved,
closing, however, very quietly. The day's trans-
actions consisted of, Caledonia??, 411, 414, 411, 411,
42. 423, 424, 42g ; Eastern Counties, 111; Lanca-
shire and Yorkshire, 97k, 97, 974 ; London and North
Western, 994, 99, 993; Do. 8 sharee,l ; Manchestor,
Sheffield and Lincolnshire, 401, 401, 401; Midland,
814 811 ; North Eastern, 231 c ; Grand Trunk
of• Canada, 123 ; Great Western of Canada, 21; Do
New, par; Liverpool and Londen Fire and Life,
81p; Royal Insurance, 31 3.16 p. The following
were the closing prices:-Blackburn, 8, 81;
Chester and Birkenhead, 64i xd, 654 ; Cale-
donian, 424, 424 ; Chester and Holyhead,
161, 17 ; Eastern Counties, 11 5-16, 11 7-16 ;
East Lancashire, 931 xd, 93/ ; Do. 91. shares,
4, xd 9-16 p ; Great Northern. 231, 24; Do. A, 134.
11 ; Great Western, 55, 554 ; Lancashire and
Yorkshire Stock, 97g xd, 973 ; Do. 91. shares, 1 xd,
p; Liverpool, Crosby, and Southport, 183 xd, 181 ;
London and North Western Stock, 99, 991 ;
Manchester, Sheffield, and Lincolnshire, 41, 411 ;
Midland Stock, 811, 813 ; North British, 121,
12?-, ; North Staffordshire, 43, 4 d ; North Eastern
-Berwick, 231, 231; York and North Midland,
393, 391; Leeds Capital Stock, 244, 24/ ; South
Eastern and Dover, 20 xd, 201 ; Scottish
North Eastern, 121,128 ; Buffalo, and Lake Huron,
54, sri ; Do. New Shares, 54, 5 d ; Dutch Rhenish,
3:1, 3 d ; Great Western of Canada, 21, 21 ;
Do. Nev Shares, par, 3p : Great Luxembourg,
61 xn, 03 ; Grand Trunk of C tnada, 12, 121.
There is little or no change to report in the
Market for the Funds and public Securities. In
the former there was a better feeling prevailing,
but as the day wore on a degree of despondency set
in, and prices were with difficulty maintained.
Consols for Money closed at 90 to 904, and for the
Account at 903 to 901. Money continues in active
demand, and the full rate of discount is now -in-
sisted upon.

In the London Railway Shure Market, there
was very little done to-day, but prices were pretty
well maintained. The following were the closing
prices :—Caledonian, 82 ex d ; Eastern Counties,
11 3 16, 11 5-16 ; East Lancashire, 951, 961 ; Great
Northern, 061 ; Do. A, 86, 88 ; Great Western.
544, 541; Lancashire and Yorkshire, 974, 971
ex div ; Leeds Northern, 491; 1 ondon and
North Western, 99.1; London and South Western,
911-, 921- ; Manchester, Sheffield, and Lincoln-
shire, 401, 41 ; Midland Stock, 816 ; North
British, 501-; South Eastern and Dover 671 ;
York, Newcastle, and Berwick, 924, 911 ;
York and North Midland, 791 After official
hours, the following were the prices current :
Caledonian, 831, 84 ; Eastern Counties, 11 5-16,
117-16 ; East L'tneashire, 931, 941; Great Northern
A, 86, 86; Great Western, 541 54a; Lancashire and
Yorkshire, 97i, 971 ex div ; London and North
Western, 99k, 09,1; Midland Stock, 801, 801; North
British, 501- ; South Eastern and Dover, 684; York,
Newcastle, and Berwick, 911, 931; York and North
Midland, 79t. 792.
The demand for money in Lombard-street and at
the Bank of England does not relax, and full terms
consequently prevail. On the Stock 'Exchange
there is no prossure, but the settlement of " dif-
ferences" in connection with the Railway and
Foreign accounts, has had the usual effect of in-
creasing the inquiry for short loans. The progress
of monetary affairs in America and some of the
chief cities of the Continent has taken an unfavour-
able turn. In New York, particularly, the discount
market: has been seriously affected by the panic in
Wall-street, and although the advices just received
by the steamer City of Washington report a dimi-
nution of the excitement, the exchange on London
has descended to a point, viz , 109, which will
temporarily, at least. interfere with ApPOiP remit
tances to this country. If confidence is now
restored, which there is every reason to anticipate,
these supplies will, in all probability, be renewed,
but it must be borne in mind that the high prices
of both corn and cotton, ruling here, will enable
American houses to make profitable consignments
of those staples, and thug diminish the outstand-
ing balance of payments in favour of the
merchants on this side. On the Continent, where,
as already remarked, increased stringency is ap-
parent, no serious change has yet occurred, but in
many cases the tendency is unsatisfactory. A few
days since it was announced that the Bavarian
Bank of Munich had raised its rate- of discount
from sto 51 per cent. We are now informed that
in Vienna also there is an increasing demand, but
that preparations are in progress for the resump-
tion of specie payments early next year. The
Imperial Bank have decided that the discount
council shall henceforth meet once a week, in
order that the regulations in that department may
be made with promptitude whenever a sudden
pressure arises. The Bank of Holland too have
advanced their terms to 5 per cent., and most of
the German banks aro expected to follow the
example. At the final close of business on the
Stock Exchange yesterday afternoon, i.e., at about
four o'clock, the Funds appeared very feeble,
and the decline compared with the opening
quotation was fully I per cent. Sales prepon-
derate, and although there is no rersou why a ma-
terial fall should be apprehended, there is certainly
very little to justify any great advance, unless it
is the low range of prices now established, and the
certainty of a marked improvement when every
encouraging accounts from India are received.
as some time must necessarily elapse before the
rebels are thoroughly defeated, the Bears are
encouraged to operate, though cautiously, and the
Bulls, after the losses that have lately attended
their operations, keep aloof. No wonder, therefore,
that prices should droop, especially when that
movement is hastened by the less favourable
accounts concerning money both from the United
States and some parts of the Continent. The
prices are now a shade firmer, but business is very
dull, owing to the indisposition to operate until the
Bombay accounts are published This is expected
early in the afternoon; Consuls have been 90-
00i for Money, and 901 904 for the 14th prox7mo.
Our Scotch Pig Iroa Market continues very
firm. To-day there were buyers ai; 683, cash, and
1,000 tons changed hands at 70s, three months,
open. The total shipments of pig iron from
Liverpool were :—ln August, 1857, 1,100 tons ;
1856, 1,980 tons; 1855, 1,576 tons. Ditto manu-
factured iron :—August, 1857, 28,141 tons; 1856,
23,868 tons; 1855, 20,446 tons. Shipments of pig
iron from Liverpool to the United States :—ln
August, 1857, 138 tons ; 1850, 1,418 tons ; 1855,
773 tons.

Yesterday, the Bank of Holland again rained its
rate of discount. Last month it was increased
from 4 to 4i per cent, and it has now been put up
to 5 per cent. The movement is believed to have
been adopted in consequence of a large amount of
securities having lately been thrown upon the Am-
sterdam market from Vienna, where the prepara-
tions of the Austrian National Bank for a resump-
tion of specie payments on the Ist of January
next are causing considerable pressure. Under the
circumstances it is thought that most of the Ger-
man banks will be compelled to follow the example
of the Bank of Holland, and as a general rise will
thus be established over a great part of the
continent the prospect of better times is propor-
tionably deferred. Late this afternoon much
anxiety prevailed on the Bourse, and Credit
Mobilier and other speculative shares were pressed
for sale.

The Australian mail steamer Columbian, which
has been telegrsped as having arrived at Suez, has
brought 300,0001. in gold. This will reach England
by the steamer Tamar, expeeted at Southampton
about the sth of October.

The 19,800/. in gold, brought from Melbourne by
the Sardinian, and also the 10,6001. brought from
New Yolk by the Arabia, were yesterday purchased
for exportation to the ontinent.
The 91.222 Australian sovereigns, ex the ship

Star of Peace, from Sydney, reached London yes-
terday, and are expected to be purchased for the
Continent

Within the last day or two the steamers Clarence,
Albion, and Siene have arrived in the Thames—
the first from Antwerp, and the two latter from
Boulogne—with a total amotmt of 80,0001. in
silver.

The despatches from Bombay quote t 1 7e rxchang,e
on London more favourable, viz., at 23 lid. The
closing quotation by the last mail was 2s 2:1 to 2s
21d. More importance is attached at present,
however, to the quotation of exchange at Calcutta,
and as the mail from that port still keeps out, the
disposition to buy silver for exportation to the East
by the Ripon, oa the 20th inst , is checked.

Flour. barrels. 540 sacks.

LONDON Mt SING MARKET.-SEPT. 16.

The market for home mining stocks to-day is extremely irartive.
There are a few Liquiries for the steel's recently ennuis ated, but the
transactions are scanty. In tha Stock Exchange no business what-
ever is rec )rded. Foretgn and colonial mining shares continue
neglected, but quotations are comlnaliy supported.