The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-18 00:00:00

MONETARY AND COMMERCIAL,

LIVERPOOL, Tuesday Evening.
The sales of Cotton to day were not 80 extensive
as those of yesterday, yet a fair business was
• transacted, and full prices were obtained for all
descliptions. The day's sales reach 10,000 bales,
one half of which was on speculation and for export.
The Liverpool Share Market was rather inactive
to-day, -but tewards the close becarbe rather more
buoyant, and left off. at the top quotations. The
transactions reported Were—Birkenhead, Lanca-
shire, and Cheshire, 69; Blackburn, 9 1-16 ; Cale-
donian, 31i, 1, d, 2, 11, 2k, , 1, I, 1-, I;
Eastern Counties, 10 ; Great Southern and West-
ern, 55k; Great Western, 68, ; Lancashire and
Yorkshire, 99, k. 9; London and North Western,
109 a ; ditto Fourth Shares, 1, f, 5.10, 1, 5-10 d
Manchester, Sheffield, and Lincolnuhire, 65.1 ;
Midland, 83, k, 21, 31; North 'British, 101 ; Dover,
221 ; Dutch Rhenish, 316 p.; Great Western
of Canada, 25k ; Liverpool Exchange Buildings,
257. The following were the closing prices, viz :
Blackburn
Chester and Birkenhead ...... 69i .. 701-
Caledonian
Chester and Holyhead
Eastern Counties .... 9 15 16 10 1-16
East Lancashire........
Great Northern
Ditto A shares
Great W. stern
Lancashire and Yorkshire Stock 99 .. 99i •
Liverpool, Crosby, and Southport
4
London and North Western 'Stock
Manchester, Sheffield, and Lincoln 351 35:
Midland Stock
North British
North Staffordshire
.. 6 xd 46d
South Eastern and Dover .... ...... 22 11-16 22 13.16
Scottish North Eastern
North Eastern nerwick • .. . 211. 211
York and North Midland
Leeds n:.pital
Stock

wall , Railway Company ,to day. A dividend of
3S 6cl iva6 proposed on the revenue of the half year,
which, had improved over that of 05,6 A long
discussion took place in cons4lence of the pro-
posal to lay out 116,0001. for the convenience of the
Victoria dock and the southend and Tilbury Rail-
way COttipanies; but who proposed to give an
annual interest of six per cent. with 'cutting, and
to guarantee a net total of 4,000/, a year.
A call of 21 is to be paid on the shares of the
Chartered .Rank of India; Australia, and. China, by
the 16th March, and a further call of 21. by the
10th May

The Nris advices mention that the department
of the Seine has just concluded a contract for
loan of two millions sterling with the company
known as the. Societe de l'Union Financiere. This
financial operation is rthtdcred necessary by the
heavy apenditure going torward in public Works,
colt-pled with the loss sustained through the trans-
actions of the city with the Baker's Bank of Paris,
The loan is now open to public subscription.
through the financial firm referred to, and com-
mands about 21 prem. in Paris.

COURSE OF EXCHANGE,
Amsterdam, Shcirt • ... ... ....11 15 to 11 16
Do. Three dotitha . ...11 181 „I I 184
''
Rotterdam o • .
Antwerp - „ •
Brussels o 26 37#, „ 25 42
Hamburg ~ Ls 61 13' 7i
Paris, 'short .. . „26 20 25 25
o
Do. Three Months 25 60
~„ 25 65
•
Marseilles2s 60 „ 25 671
Frankfort „ „ 119)
Vienna o lO 21' „ 10 BO .
Trieste „ •
Petenburg „ - „ 373
Madrid o

FOREIGN.
Iluffaln and Lake Huron.... ...... 1p .. 1 p.
I Dutch Rhenish •
.. 5-16 p.
Great Western of Canada .... ... 25 251
Ditto New Shares .. 24 215 .16 p.
Great Luxembourg .. 101 .. 10'1 d.
Giand Trunk of Canada
At the Manchester Share Market a moderate
business was transacted to-day at 83.1 for Midlands,
99 for Leeds, 9 1-16 for Blackburns, and for
Londons.
'•The demand for Money continues pretty active,
and there seems to-be no hopes-, at • least for the
present, that the rates of discount will be touch
below a minimum of 6 per cent: Immediately after
the large arrival of Australian gold, a slight change
of feeling in connection with monetary prospects
took place, and the hope was indulged that, after
all, a reduction in the value of discount accom-
modation might not be so far distant as had been.
anticipate& Since th6n, however, .it has been
found that the stringency has not relaxed, but,
if anything, rather increased, while the 830,6001.
received by the Heather Bell and the Morning
Light, have not proved sufficient to provide for
more than the most pressing wants on Conti-
nental account. It was thought that this large
supply would prevent any fUrther Withdrawals
from the Bank of England, at least for a 811ort•
time, but the removal of the amount we alluded to
on Saturday, proves the fallacy of this supposition
and likewise of the sanguine view with reference
to the future probable course of odr Mimnetary re-
lations. There is every probability of the-demand
for Silver for shipments to the East being steadily
maintained, as the Overland Mails report scarcely
any alterationin the rates of Exchange at Calcutta
or Bombay, while, with regard to China, there is a
prospect of remittances still being made to a,12.-rge
extent, owing to the payments which have to
be made from this side for Tea and There is
nothing,. therefore, to encourage ';:ny favourable opi-
nion in reference to this irn"portant subject. The.
Mon eyMarket, also, do?„ not present any indications
of permanent inaW7ovement there being still many
circumstanced in operation which contract the.
availables,npply. the 'enquiry to-day was extremely
active, and full quotatioes had to be submitted to
all cases It is a noticeable feature that,
whenever the Money Market is supposed to exhibit
symptoms of relief, the subject of the Russian
Railways is always mooted •We now learn that the
Russian erovernitent have - authorised the
granting the concessions, but those who
have obtained them cannot expect to attract
a sufficient number of subscribers in the
present situation of affairs: The I?unds opened
with a firmer feelinEtto day, and an active demand
was experienced for Consols at an advance on the
closing prices of yesterdayi the quotations at noon
to day being 931 to 631 for Money, and 931 to 931
for the Account. In the afternoon, however, the
Market became rather dull and closed rather
weaker-938 and t, for Money, and 931 for the
Account. Exchequer Bills were quoted at par to
3 prem., and the New Three per Cents at 94 to 94k.
Foreign Funds Were dull. The London Railway
Sham Market was firm•to day, with sales of a fair
average being made at the full prices of yesterday.
Towards evening, however, the enquiry slackened,
and • the quotations were not so high as at the.
opening of the Market. The following were the
official closing piiceS:—
Ambergate, Nottingham, and East Junction.. 41 .. •41
Caledonian
Edinbuigh and Glasgow
Eastern Counties
East Lancashire... 97 ... 98
Great Northern
Ditto, A 78
.. 79
Great Western,.
• •
Lancashire_ and Yorkshire - 99 .. 991
Leeds Northern . .
London and North Western
Manchester, Sheffield, and Lincolnshire,„ 36
North British
.• •
41/
South Eastern and D.,ver . 754, .. 76
After official hours the transactions were trifling
at the undermentioned prices, viz.:—
Caledonian .
South Eastern and Dover ..
Eastern. Counties . 91 .. 10
East Lancashii-o • , • ~. 97 ... 98
Great Northern • 93 931
, •
Ditto A'
Ditto Western. 68,7, .. 68,1
Landon and North Western -- 1974 108
Lancashire and 'Yorkshire
Manchester, Sheffield, and Lincolnshire . 354 .. 36
Midland Stock
North British ' .42
•
York, Newcastle, and Berwick. .
York and North Midland 621 ... 631
The traffic returns of the Grand Trunk Railway
Company of Canada, for the week ending Jan. 17
this year, together with those of the corresponding
week last. year, have just been published. The
returns are as fol!ows :-1857, passengers, 29171
75.3 d ; merchandise, 46261. 7d ; total 75431 7s I.od.
1856, passengers, 11821. Is ind ; merchandise;
19321. 17s 41d ; total, 31141. 194 2d. Increase,
passengers, 17351. 5s -54 d ; merchandise, 26931.
3s 21.1 ; total, 44281. Ss Bd.
The Grain trade remains in a dull state, and to
effect even trifling sales, lower prices must be
accepted for most at tides. At the various markets
held to day, the business done was extremely
limited, at terms in favour of the buyer.
For Produce a fair demand continues to exist,
and prices are well maintained, indeed Coffee has
an advancing tendency. Tea is, however, rather
dull at the nominal quotation of 12id. per lb. Rice
lain mederate request at steady prices.
At the Manchester Market to day, Abe prices
asked last Tuesday were readily obtained, but
producers declined selling, 'except at .a • heavy
advance, which well nigh shut up-business. -
The Wool Trade, in Scotland has not been so
active during the past week, but former prices are
still maintained, and for laid Highland an advance
has been got. The following are the prices 'cur-
rent ;—Laid Highland, 15s 6d to 16s 93 ; white
do., 20s to 22s ; laid cross,. 19s to 21s ; do. Cheviot
21S to 22s 6d• ; do, do. washed, 23s Odle 26s ; white
to 32s ; do. do. washed, 36s
do. unwashed,. 298
to 38s. •
We understand that the forthcoming dividend of
the Eastern Counties. Railway Company is to be at
the rate of 5s per share, and that of the South
Eastern Railway Company, 15s per share, or at the
rate of 5 per cent. per annum.
There has been a stormy mooting of the Black.

THE NORTHERN TIMES.--LIVERPOOL, WEDNESDAY.

Conmatt cal itutitigotre.

LIVERPOOL COTTON NARK R.,'T.—Fsa. 17.
There has been a good market, for cotton to day, the
demand has bon active, the supply rather more liberal,
and prices steady. The sales--including 60 Pernam-
bucos, Sid to Sid; 100 Bahias, 8d; 100 Maranbams,
81d to 80 ; 10 Egyptians, 81 1 ; 1,000 Surats, 51d to 511—
are reported 10,000 bales, of which 5,000 are on speculation
and for export. • • .

LIVERPOOL PRODUCE MARK ET.—PEn. 17.
SUGAR : The marlet. is steady but quiet : the sales are
confined to 200 bags white Benarea, rat 54s'6d to 54s 9d,
and 80 hhds Porto Rico at 54s 3d to 55s 6d per cwt.
MOLASSES : Two small cargoes of new clayed Cuba
hare been sold, for arrival, at 24s 6d per cwt.
Rum and COFFEE Nothing has occurred.
COCOA : 50. bags red Bahia, to arrive, have realised 64s
per cwt.

RICE The market has been' quiet, and the Arracan
offered by auction was not sold.
;thus: The public sate of new went off with spirit, 500
bales realising £l9 12s 6d to 1:22 lOs per ton.
LINSEED : We have to report 850 bags inferior Calcutta
at 70s to 70s 6d per qr.
RAPESEED : 500 bags Calcutta at 66s per"qr.

Iwill become almost as great a luxury as an Indian shawl;
at all events, nothing short of a most abundant crop o'
French and Italian silk, the prospect of which will not be
ascertained until next May, can by any passibility lessen
? the price of glare and the other fitrer classss of silk.
China silk may, it is true, be greatly used by the Man-
chester manufacturers; until the Chinese have become
' acquainted with the mode of winding from the cocoon, and
also preparing the silk after the manner of the French
and Italians, we must entirely depend upon the sources
illuded to. Those firms were fortunate, indeed, that gave
their orders even last Autumn for the supply of silks for
this Spring's consumption. and the facilities of getting to
, Lyons, which enable the large retail dealers to journey
thence, must be a source of immense saving and advaa,
tage to the public. We know that many firms gave large
orders for black glace silks last September, to be supplied
! in 1857, and that they have actually been offered by more
than one manufacturer, and have declined, a large sum to
Icancel their engagements.