Northern Times.
Liverpool, Merseyside, England, 1857-11-19 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Wednesday Evening.

There was a rather butter feeling on 'Change to.
day, the American advices being considered of a
more favourable character, and the liabilities of the
Wolverhampton and Staffordshire Company being
much less than had been anticipated—not more
than £600,000. The following Circular has been
issued by the directors of that Company :
The directors of the Wolverhampton and Staffordshire
Banking Company deeply regret to inform the public that
they are under the necessity of doting, for the present, the
business of the bank

It would greatly add to the pain which the directors feel
in tak'ng this step if there did not exist the most absolute
safety as to the liquidation of every claim against the
bank ; and the directors will forthwith take the most
prompt means to satisfy every account and relieve any
inconvenience that may arise from this inevitable occur-
rence, if circumstances should not justify the continuance
of the bank.

The directors trust that by Monday next they shall be
able to state the definite course that can be taken.

By order of the Bard,
Josuu WILEY, Manager.

N0v.17, 1857.

The new mayor of Wolverhampton, Mr. Moses
Ironmonger, issued, early in the forenoon, the
following proclamation, in the shape of a large
placard, which was extensively posted and other-
wise circulated :

The Mayor of Wolverhampton begs to inform the
holders of notes of the Wolverhampton and Staffordshire,
Banking Company, that all the notes will be paid in fall.
Arrangements are being made to continue the circulation
of such notes as usual. Holders are cautioned not to
dispose of their notes at less than their usual value.

MOSES IRONMONGER

The run upon the other banks continued all the
day, but every claim has been met The firm of
William Riley and Sons, coal and ironmasters,
Millfield Furnaces, Bileton, who employ at least a
thousand persons, have been compelled to call a
meeting of creditors. Many other names are freely
mentioned as in difficulties.

It has been arranged for a meeting of Messrs.
Denuistoun's creditors to take place at the London
Tavern on the 20th inst , when• the accountants,
Mr. Coleman, of London, and Messrs Kerr, Ander-
son, and Co., of Glasgow, will be prepared with a
general statement. A meeting of creditors of
Messrs. Clayton and M'Keveriugan, ship builders,
Birkenhead, has been held, and a composition was
accepted of 7s. in the pound. The liabilities were
Stated at £22,000. The mercantile house of Messrs.
Hoare, Buxton, and Co., in the Swedish trade,
have notified that they are compelled to suspend
for the general protection of their creditors. They
believe their estate to be solvent, and that, unless
anything now unforeseen occurs, none of .the
parties interested will sustain loss. Their
liabilities are understood to be considerable.
The firm of Hoare Miller, and Co., connected
with Manchester and Calcutta, of which some of
the partners are members, is in no way compro
mired by this event. The suspension is an
nounced of Messrs. Edwards and Matthie, a firm
largely engaged in the Produca Markets as East
Indian and colonial brokers at London. Messrs.
Fitch, and Skeet, who suspended in the provision
trade on the 11th inst., with liabilities to 55,0001.,
have intimated that, instead of an extension of two,
four, and six months, they will regaira only one,
two, or three months.

The following is a copy of the letter issued in
reference to the affairs of Messrs Dennistoun and
Co.:—

London-street, London, S.C., Nov 17.
Dennistonn, Cross, and Co., of London; J. and A.
Dennistoun, of Glasgow ; A. Dennistoun and Co.,
of Liverpool ; Dennistoun, Wood, and Co , of New
York; A. and J. Dennistoun and Co, of New
Orleans.

Gentlemen,—l am requested respectfully to refer you to
the annexed circular cf the above firms, announcing their
suspension of payment on the 7th instant. In accordance
with the intentions expressed in this circular. Messrs.
Dennistoun and Co. lost no time in placing their books
and accounts in the hands of Messrs. J. E. Coleman and
Co., of London, and Messrs. Kerr, Anderson, and Brodie,
of Glasgow, and these gentlemen have assured Messrs.
Dennistoun and Co. that the statements of their affairs
will b 3 ready in the coursejof this week. lam therefore
instructed to request the favour of your attendance at a
rnnnting to VIA 11.1.1 of the. T.nnAnn TOVAIM, RiaTlAraßal -
street, London, on Thursday, the 26th day of November
instant, at one o'clock precisely, when the statements so
prepared and the views entertained by Messrs. Dennistoun
and Co., as to a settlement of their liabilities, or the
administration of their assets in the most speedy and
efficient manner for the benefit of the creditors, will be
submitted for your consideration and decision ; and I am,
gentlemen, your obedient servant, WuzrAet MURRAY.
The affairs of the firm must have been conducted
with great regularity or it would have been im-
possible to have prepared a statement in so short
a space of time, the transactions being of such
magnitude and represented by several different
firms. When debtors make great efforts to place
their creditors in possession of the largest pos-
sible amount of information at the earliest period,
the latter are encouraged to deduce a very favou-
rable augury :

The Liverpool Cotton Market keeps very- dull,
but prices are well sustained. The sales to-day
were" about 2,000 bales, including 400 for export;
The news from the United States being con-
sidered favourable, the Liverpool Share Market
advanced, in the early part of the day, 1 per cent.
but a reaction of 2 per cent. followed, and
closed quiet. The following were the day's
transactions :-Blaekburn, 84; Caledonian, 37'--
371; Chester and Holyhead, 144 a ; Eastern Conn.
ties 10 11-16 ; Lancashire and Yorkshire, 90k, 901 ;
London and North-Western, 94:1, 944, 942, 944;
Manchester, Shefli.dd and Lincolnshire, 35k, 30 ;
Midland, 81a, 81-1, 811, 82, 814, 811 ; North-Eastern,
221 ; Dover:4, 18 7-16, 186. 18 9-16, 18 7-16 ; Grand
Trunk of Canada, 8 13-16, 88 ; Great Western of
Canada, 174 ; Manchester, Sh:3l3fiald, and Lincoln,
10/. Shares, 111; Great Western, Chester Pre-
ference, 8 per cent., 151; Preston and Wyre, No. 1,
42; Bank of Liverpool; 22,; North and South
Wales Bank, 7; Liverpool United Gas, 189. The
foklowing were the closing prices :-Blackburn, 8
13-16, 8 15-10; Chester and Birkenhead, 62' 621
Caledonian, 361, 37; Chester and Holyhead, 144
15 ; Eastern Counties, 10 9-16, 10 11-16 ; East
Lancashire, 89, 896 ; Do. 91. Shares, par, tip;
Great Northern, 234, 23.1 ; Do. A, 104, 104; Great
Western, 474, 48 ; Lancashire and Yorkshire
Stock, 904, 908; Do. 01 shares, 4. 4p; Liverpool,
Crosby, and Southport 184, 184 ; London and
North Western Stock, 944, 944 ; Manchester,
Sheffield, and Lincolnshire, 354, 351; Midland
Stock, 818, 814 ; North British, 114, 11.1 ; North
Staffordshire, 44, 46 d; North Eastern -Berwick,
22 11-L6 224; York and North Midland, 381, 381
Leeds Capital Stock, 234, 231; South East-
ern and Dover, 18 5-16, 181 ; Scottish North
Eastern, 11, 12 ; Buffalo and Lake Huron, 51. 54 d ;
Do. New]3hares, 51, 5H d ; Dutch Rhenish, 64, 61 d ;
Great Western of Canada, 174. 174 ; Do. new shares
31,-4, 34. d ; Great Luxembourg, 54, 54 ; Grand Trunk
of Canada, 8 11-16, 8 13-16.

The demand for Money continues active, and
the commercial failures have rendered discount
operations more difficult. In addition to the stop.
page of firms already mentioned, a very important
mercantile house, that of Sceveking and Son, of
London, failed this morning with liabilities esti-
mated at one million sterling The Funds have
however, shown great firmness to day,
and a rise of I per cent. was at one time
quoted. The accounts from Ireland are
are considered more satisfactory, and it is expected
that the flow of coin thither will be checked.
Consols for Money closed this afternoon at 891 to
891, and for the Account at 891 to 90. After
official hours they were quoted at 891 to 898.
The London Railway Share Market was very
quiet to-day, closing at the following prices :
Caledonians, 731, 74 ; Eastern Counties, 101, 104 ;
East Lancashire, 89, 91 ; Great Northern, 921, 931;
De. A 82 ; Great Western, 471.48; ; Great Western
of Canada, 17, 171- ; Grand Trunk of Canada, 35,
36 ; Lancashire and Yoikshire, 891, 90k ; London
and North Western, 94.1- ; London and South
Western, 851, 861; Leeds Northern, 47k, 481 ;
Manchester, Sheffield, and Lincolnshire, 351 36;
Midland Stock, 811-, 811; North British, 464, 47 ;
South Eastern and Dover, 60i, 611; York, Newcas-
tle and Berwick, 911; York and North Midland, 771