Northern Times.
Liverpool, Merseyside, England, 1857-12-05 00:00:00

THE NORTHERN TIMES.-LIVERPOOL, SATURDAY, DECEMBER 5, 1857

PRICES TO DAY

New Orleans Fair ..61d Middling.. 6 9-16 d Ordinary.. 3d to 50
Mobile „ —sad „ 1 to s,id
Atlantic ~ ..€ e 1 „ 61c1 ' , ..3id to 5d
Total taken forConelpt,on, 1857, 1,792,530 bales. 1856, 2,002,650 bales.
If Export (actual) „ 240,476 , „ 231,478 „
American Brazil Egy,tian E. India W. India Total
Stock this day.. 151,030 34,1 g) 14 30 115,440 1,170 316 760
Same time 1856 229,580 28,010 44,240 43,9.0 770 317,630
Messrs. Cunningham and Hinshaw, in their
circular of this evening, in alluding to the influence
of the state of the Money Market on the Cotton
trade, say—
The Commercial disasters of the past month are almost
without parallel ; three Joint Stock Banks in England and
two in Scotland have suspended payment, and of private
Houses both great and small the suspensions are innumera-
ble. Coincidentally with these failures what has been the
course of the Cotton and Money Markets? On the 8:h of
October middling Orleans stood at 91d. per lb. ; on the
same date the Bank of England, in conseqoenee of the
anxious character of the commercial and monetary intelli-
gence then being received from the States, raised the rate
of discount from 51 to 6 per cent. So strong, however,
was the position of the Market then thought to be, that
this first rise in the value of money had no immediate
ffect on prices, the state of trade, notwithstanding the
high rates ruling for cotton, being better than at any pre-
vious period of the year, and by common co:sent it was
adtni ted that our supplies would be found too small to
maintain the current Consumption till the close of the
year. But th e further advance in the rate of discount
from 6to 7 per cent., and again from 7 to 8, 9 and
10 per cent., together with the final suspension of
the Bark MI., which tack place on the 12:h
ultimo, completely checked trade and put every
one upon-the defensive. The Consumption consequently has
since gradually declined, until it has at length fallea 50
per cent below what it was two mrnths ago, and prices
have in the meanwhile given way fully 30 per cent, viz.,
3,1 per lh in American decriptions, 3d to 4d in Bri.zil and
Egyptian, and 2d in Surat. It is not within the province
of a Cotton Circular to discuss the operation of the Mo•
netary Laws which prevail, whether in this country, on
the Continent, or in America; but when it is rernemb :red
that at the time when the Srctocial crisis overtook us, trade
was exceedingly good, there being no stock of Goods or
Yarr.s of any moment on hand, on the contrary, most of
tha mills being engaged in working to order, but that
strong houses as well as the weak have nevertheless been
brought down, it is clear—though many grievous errors of
managiment in banks and private concerns have becn
brought to light—that as a nation we are suffering more in
sympathy with other countries than for our own faults.
From the circular of Messrs. Kershaw and Jar-
dine we take the following :
. _ . _ _

The more cheerful feeling we had occa3ion to notice at
the close of I3Et week, has in some measure been checked
by commercial difficulties, and the monetary panic having
extended to some of the most important parts of the Con-
tinent, causing a suspension of a number of large houses
more or less co-Inected with the manufacturing interest of
this country, and consequently interfering very seriously
with certain branches of the Manchester Market, destroying
altogether the tendency towards improved demand which
evidently had set

The Liverpool Share Market has been very inac-
tive during the greater part of the day, and closes
with a little better feeling. The following were the
day's transaction :-Birkenhead, Lancashire, and
Cheshire, 65; Caledoniar, 381, 381, 381, 38 3-16;
Eastern Counties, 11, 10 15-16; Lancashire and
Yorkshire, 904, 90;1, 91, 901; London and North
Western, 941, 94, twii, 94/ ; ditto. A Shares
1 1-161- ; Midland, 841, 841; 841 ; North
Eastern, 23! ; Dovers, 13 ; Grand Trunk of
Canada, 91, '9l 9 11.16 ; Great Luxembourg, 6 ;
Great Western of Canada, 2,4 d ; Manchester,
Sheffield, and Lincolnshire, 5-16 p ; Do. 101.
shares, 11k. The following were the closing
prices : - Blackburn, 9, 91 ; Cheater and
Birkenhead, 65, 651 ; Caledonian, 381, 384 ;
Chester and Holyhead, 16, 161 ; Eastern
Counties, 101, 11; East Lancashire, 871, 884 ; Do.
9/. Shares, par, 1p ; Great Northern, 231, 23 ; Do.
A, 91, 101 ; Great Western, 50k, 501; Lancashire
and Yorkshire Stock, 91, 911; Do. 91. shares,
par 4 p ; Liverpool, Crosby, and Southport, lei,
181; London and North Western Stock, 94/, 941;
Manchester, Sheffield, and Lincolnshire, 351-,, 36 ;
Midland Stook, 84/, 85 ; North British, 111, 111 ;
North Staffordshire, 41, 41 d ; North Eastern -
Berwick, 23 3-16, 23 5-16 ; York and North Midland,
41, 411 ; Leeds Capital Stock, 251, 26 ; South
Eastern and Dover, 19,19 1-16 ; Dutch Rhenish,
51, 52 d ; Great Western of Canada, 18 5.16,
18 7-16 ; Do. new shares, 21 21 d ; Great
Luxembourg, 5 15-10, 6 ; Grand Trunk of Canada,
9 11-16, 9 13.16

The Funds to-day were flatter, owing to a few
sales, coupled with the prostration at Hamburgh,
Consols are about 3 lower; other departments of
the Stock Exchange weaker. It is admitted that a
period of difficulty will yet be experienced before
the trade of the country is relieved from the de-
pressing influence of the impaired credit ; but
though rapid money is improbable, the effects of
the crisis are slowly exhausting themselves. Con-
sols to-day closed at Hi to 913 for both Money and
Account. After the official hours they had advanced
to 913 to 913. •
In the London Railway Share Market there was
little business done, and prices were rather,
lower. The following were the closing quota
tions Caledonians, 763 ; Eastern Counties,
10 13-16, 10 15-16 ; East Lancashire, 87,89 ; Great
Northern, 93, 94; ditto A, 79, 80; Great Westerns,
503, 503; Great Western of Canada, 183,183; Grand
Trunk of Canada, 93, 93 ; Lancashire and Yorkshire,
91, 013 ; London and North Western, 942„ 95 ;
London and South Western, 883, 89 ; Leeds
Northern, 503. 513; Manchester, Sheffield, and
Lincolnshire, 351, 353 ; Midland Stock, 843, 85;
North British, 47, 48 ; South Eastern and
Dover, 623, 633; York, Newcastle, and Berwick,
92, 93 ; York and North Midland, 813, 823; Northern
of France, 353, 353; Paris and Strasbourg, 25f,
I.
2541 ; Paris and Lyons, 36 353; Russian, 104,
106 ; Paris and Orleans, 52 ; Western of France,
253, 26 ; bambres and Meuse, 63 ; Namur
and Liege, 73; Great Luxembourg, 63; Antwerp
and Rotterdam, 53, ; Dutch Rhenish, 53,
54; Lombardo-Venetian, 31, 33. After official
hours, tho following were the nominal
,prices :—Caledonians, 762, 763; Eastern Coun-
ties, 543, 55 ; East Lancashire, 88, 90 ;
Great Northern, 94, 95 ; Do. A, 81 ; Lanca-
shire and Yorkshire, 91, 913 ; London and North

Western, 941, 95 ; Manchester, Sheffield, and
Lincolnshire, 351 35 ; Midland Stock, 841, 85 ;
North British, 47, 48; York, Newcastle, and
Berwick, 92, 93 ; York and North Midland, 811-, 821.
In Manchester more cheerfulness was apparent,
and both Goods and Yarn moved with freedom at
late prices, but producers demanding an advance,
which was only partially responded to, and more
particularly in India makes, checked business,
and the market has again settled down quietly,
buyers for Germany and the North of Europe
having their hands tied by the monetary storm
now passing over those districts.
Our Grain Market opened by holders asking a
smart advance on last week's rates, but finding
that transactions were limited in consequence,
they relaxed their pretensions, and only a moderate
sale has resulted in any article. Wheat baa, how-
ever, improved 2d. to 3d. per 701 b ; Flour Gd. to 9d.
per birrel, and Indian Corn is. per quarter. To-
day's market was very dull, and prices of all articles
have receded to last Friday's rates, and have a
downward tendency.
A despatch received to-day by the Royal Mail
Steam Packet Company, mentions the arrival at
Marseilles yesterday of the steamer Vanguard
with the light portion of the Australian mails, ex
the Simla. The letters are expected to be delivered
in Landon to-morrow morning. The same des-
patch states the gold on board the steamer Tamar,
which is expected to arrive at Southampton in a
day or two from Alexandria, is as much as 131,000
ounces ,and 15,000 sovereigns, malting a total of
about 539,0001. The amount previously mentioned
was 300,0001.

Although the expected large arrivals of specie
are not yet to hand, gold continues to flow into the
bank in moderate quantities from day to day. The
sum purchased by the hank yesterdy was about
11,0001, chiefly from Fiance and Russia. It is
hoped that sovereigns will soon begin to flow
back more freely from the provinces, from Scotland
and Ireland. In all quarters the popular effer-
vescence occasioned by the bank suspensions has
died away, and bankers will scarcely be disposed
to keep their capital needlessly long in the unpro-
ductive shape of sovereigns.

With reference to the market for American Rail-
way Securities, Mr. E. F. Satterthwaite reports as
under :

Thero has been a quiet market in American securities
during the past week. Exchange between America and
this country has become more readily negociated, which
has facilitated the execution of many orders previously
held back. There is no longer, therefore, the artificial
scarcity of stock on the market to meet the current demand,
and prices in this market drag heavily after the New York
quotations. The range of prices here is now rather below
those last received from America ; and, although an advance
has been obtained where transactions have taken place, the
market is without animation. The stock and bondholders
of the New York and Erie have held another meeting, and
have authorised the committee to receive subscriptions to
the new lcan ; and to confer with the board of directors, at
New York, for the future protection of the interests unse-
cured by mortgage.

BANK OF ENGLAND RETURNS.
•
Account, pursuant to the Act Bch and Bth Victoria, cm 23
for the week ending Wedneslay, 2ud Dec., 1857.
ISSUE DEPARTMENT.

Debit.
Notes issued . • £23,370,770

Credit.
Government

Debt
Other securities 5,459,900
Gold Coin and
Bullion ..

£23,370,770

Total .... £23,370,770

:PARTMENT.

Credit.
Government se-

curities £5,411,647
Other securities 31,191,386
Notes 2,268,340
Gold and silver
coin

Total .... £39,362,070

bags Necransie, price not reported, and 600 bags Rangoon, all
faults.
FusTic.-5 tons Cuba at £9 5s per ten.
Meatus:sue Woon.-1 a tons solid at aels per ton.
CArawooD AND BARWcOD with small parcels at the quotations.
ROSIN.-2,500 barrels have bean sold during the week, at 45 to
43 3d for common, and as high as 16s per cwt. for some very fine
quality.
Tea ore TUBPENTINE.—Nothing reported.
A9BRS.-150 barrels sold at 333 to 35s for Pot, and 35s to 36s per
cwt. fcr Pearl.
HlDES.—There are no transactions of moment to no'ice.
BRIMSTONE continues quite in retail demand at £8 to 103 per
ton. •
ARGoLS OR TARTARS.—No sales are reported.
Etratec.—Small parcels of Palermo have been disposed of at 123 to
13s 6d for new, and 27 bales le ives at 133 per Mt.
QUERCIIRON hhda Philadelphia at ss 91 to 103 per cwt.
MADDER ItooTe.-50 bales Bombay at 33s 6d per cwt.
OLIVE On,.—There has been more inquiry, and shout 70 tuns hive
found buyers, but no prices are reported; supposed to be generally
at about 19s p,,r tun neeline.
SEAL (,IL.—Nolrng doing.
COD 011..-50 tuns have been sold at lower prices.
LINSE D OIL la in better request at 301 to 31s per cwt
RAPE.—Small sales of pale are reported at 44; to 4is per cwt.
SPIRITS OF TURPENTINE.—American, on the ,rot and to arrive, at
32s to 33s per cwt.
PALM Om—The sales amount to about 270 tons on the spot at
£3B to .4'39, and 50 tons to arrive at £39 per toe.
Tannow.—The demand has improved, and prices have slightly
advanced ; Petersburg Y.C. has been sold at 50s 6d to 525, 600 to 700
pipes South American at 48s 6d to 503, and a few casks North
American at 508 to 51s 6d per cwt.
LARD continues neglected, and the quotations are little more than
nominal.
JeTs is still unsaleable.
Corn Yeasr.-30 tons are reported at 429 to £22 per ton.
BEEF.—The market partakes in the general depression ; tne
dea'ers will scarcely buy a cask that they have not immediate orders
for, and the tone of the trade is altogether dull and lifeless.
mut is also dull, but in the absence of assortment of American,
the transactions are mainly in Irish.
BACoN.-1 here has been rather more doing, but prices must be
quoted again lower Is to 2s per cwt.
LARD is a very slow sale; a few retail parcels are reported at the
quotations, and the tendency of prices is still downwards. •
CREESII.—The demand, though moderately active, is not equal to
take off the late arrivals, hence, as some holders press sales, prices
have receded 2s to 4s per cwt.
ENSUING SALES BY AUCTION.

MONDAY, Dec. 7.-25 tons Siam Sapan Wool ; 58 do. Cattle
Bones.
TUESDAY, Dec B. 90,000 Coqu'lhos.
WEDNESDAY, Dzc. 9.-206 bales, 69 bags, 7 pockets Horse, Cow,
and Pig Hair ; 403 bags Sage Flour ; 39 bales Madder Roots ; 103
Pitago Bark ; 250 bags Cutch.
THURSDAY. Dec. 10.-750 bags yellow Mustard Seel; 300 do Poppy
Seed, all faults ;43 half-tierces Carolina Rice.

AGRICULTURAL PRODUCE MARKET.—DEC. 4.
Per stone, 20Ibs. I Per gum s. d. s. rt.
a. d. a. ti. Potatoes, Seedlings 3 10 to 4 0
flay, 01d...... o7too 7} I Ditto, Kemps .... 44t0 4 8
Ditto, mew 0 6 to 0 7, Ditto, Whtterocks. 3 3 to 3 5
Ditto, clover
Green Clover
Grass 0 0 to 0 0 Ditto, cattle 0 0 to 0 0
Straw, wheat 0 3 to 0 3} Per ton.
Ditto, oat
Ditto, barley .... 0 2 to 0 21,Carrots 24 u
Oats, In straw .... oVto 0 tolliangle wurtel uto
Alanure 5 0

to 20 o
to 27 0
to 0 0
to 6 9