Northern Times.
Liverpool, Merseyside, England, 1857-10-20 00:00:00

coTr.N STATM/NT.

(From the At; York Shipping List of 7th Oft.)

( Receipts. I ExPrts to Total
G: eat Britain Exports.

51,090 16 000
119,000 : 11,090

1
t • • -65.06'

-- -..___ •
5,000 .--.

The Liverpool Share Market opened this
morning with prices at about 1 per cent below the
Sa.urday's rates, under the influence of the un-
favorable American news, but rallied towards the
middle of the day, when it was announced that the
Bank of England had raised their rate of discount
to S per cent, prices gave way again, and the mar-
ket closed very flttly. The following were the
days transactions :-Caledonian, 381-, 381 ;
Great Southern and Western, 49 ; Lancashire and
Yorkshire, 93k, 93*, 933, 93k, 933, 94 93;, 923,
923; Do. shares, 5-16 p ; Lancaster and Carlisle
93; London and North western, 953, 95, 953,
941 944, 941, 94L 943 ; Manchester, Sheffiel,l, and
Lincolnshire, 37/, 38*. 383; Midland, 81/. 81, 811,
81, 811, 813, 811 811-, 81; 81i. 803 ; North B
11. 11-16; N"rui Eastern, 243, 24 224 ; Dovers,
184, 18 13 16, 184 ; Grand Trunk of Canada, 103.
101. 10 346, 10*, 101. 10 7-16, 10 5-16, 103, 10k,
10 1-16, 10 ; (,;Treat Western of Canada, 181 ;
Liverpool Blrough Bank, 7i; Pacific Steam
Company, 40. The following were the
closing prices :-Blackburn, 73, 7;-1 ; Chester and
Birkenhead, 64, 641; Caledoniar, 381. 386 ;
Chester and Holyhead, 143, 151 ; Eastern
Counties, 101, 1.01 ; East Lancashire, 90, 901;
Do. 9/. shares, f. 1 p; Great Northern, 2;3f, 24
Do. A, 103, 103; Great Western, 51, 52 ;
Lancashire and Yorkshire Stock, 92.1, 92;1 ; Do. 9/.
shares, 3. p ; Liverpool Crosby, and Southport,
181, 18 ; London and North Western Stock, 94k.
941 ; Manchester, Sheffield, and Lincolnshire, 37f,
871; Midland Stock. 803, $Ol ; North British,
111 ; North Staffmdshire, 43, 41 d ; North Eastern
- Berwick, 22g, 22$- ; York and North
Midland, 38*, 383 ; Leeds Capital Stock, 24, 241 ;
South Eastern and Dover, 18 9-16, 181 ; Scottish
North Eastern, 11, 12 ; Buffalo and Lake Huron,
51, 51 d ; do. new Shares, 53, 5/- d ; Dutch Rhenish,
43, 4.4 d ; Great Western of Canada, 18, 183 ; do.
new shares, 2s, .211; Great Luxembourg, 6,6/ ;
Grand Trunk of Canada, 10, 103.
The Bank of England raised their rate of
discount to-day to 8 per cent. This is the highest
figure since the monetary panic in 1847. The news
from America is looked upon as most unsatis-
factory, and this, coupled with the exports of
Specie to that country, hes, no doubt induced the
directors to take the step which they did today.
It was not known on the Stock Exchange until
nearly three o'clock this afternoon, but in the
meantime the market for the Public Funds and
Securities was very dull, and on the announce-
ment of the rise being made, business was almost
suspended, and prices:of Consols closed at a decline
of A per cent. on Saturday's quotations. Consols
for Money closed at 871 to 88*, and for the Account
at 88* to 883. After official hours the latter declined
to 883_ _ _ _

Th 72 London Railway Share Market was decidedly
dull to-day, and lower prices was the ruling feature.
The following were the closing prices :—Caledo-
nian, 77, 78 ; Edinburgh and Glasgow, 611, 621 ;
Eastern Counties, 521, 53k; East Lancashire, 89,
891 ; Great Northern, 941 951 ; do. A shares, 86, 88;
Great Western, 51k, si! ; Lancashire and York-
shire, 941, 951 Leeds Northern, 48, 49 ; London
and Sou',la Western,,B9, 90 ; Manchester, Sheffield,
and Lincolnshire, 37. i. 381; Midland Stock, 80/,
811 ; North British, 47, 48; South Eastern and
Dover, 621, 6:31 ; York, 'Newcastle, and Berwick,
901, 911 ; York and North Midland, 77-1, 78k; Grand
Trunk of Canada, 40, 42 ; Great Western of
Canada, 184, 18; ; ditto New, 24 21. After offi-
cial hours, the following were the nominal prices :
Caledonian,, 77i ; Eastern Counties, lel% 10
East Lancashire, 89, 90; Great Northern, 94, 95
Do. A. 80, 88; Great Western, 57k, 571; Lanca-
shire and Yorkshire, 921, 93 ; London and North
Western, 941, 95; Manchester, Sheffield, and Lin-
colnshire, 374, 38! ; Midland Stock, 80+, 80+ ;
North British, 46, 48 ; South Eastern and Dover,
621; York, Newt astle and Berwick, 90, 91 : York
and North Midland, 77, 78. •
The letters Der the Canada were delivered
here this morning. The failures recorded are so
numerous and widespread, that it is impossible to
give a full list of them. Among the most pro-
minent are Messrs. Clarke, Dodge, and Co„
bankers ; Pierre Choteau and Co., fur dealers ;
Powell, Ramsdell, and Co , bankers, contractors,
&e. ; Gage, Dater, and Sloan, dry goods jobbers ;
Eli Bowen and M'Connell, dry goods jobbers; and
many others. Government was redeeming federal
stocks to a large amount, and the applica-
tions were quite numerous. The merchants
of Boston had held a public meeting, and
adopted resolutions in which they pledged them-
selves to sustain the banks of New England
in specie payments at all hazards. There
had been considerable monetary pressure
at New Orleans, owing to the impossibility of nego..
ciating sterling exchange, but only one or two
unimportant failures had taken place,and the banks
and merchants were generally considered to be in
a sound condition. In Philadelphia, the democrats
in public meeting had protested against :he legic.-
'attire being called on to legalise the suspension
of the banks of that city. In pursuance, however,
of the governor's call, the legislature convened in
special session on the 6th instant, and proceeded
to consider the bank difficulties. Governor Pollcck
sent in his suggestions for measures of relief, ac-
companied by the statement of his belief that the
banks were all perfectly solvent, and that
if relieved in the way pointed out all
would soon be right again. The tele-
graphic despatch dated New York, Oct. 8, says that
the monetary crisis hes shown no abatement, but,
on the contrary, there had been some heavy fail-
ures in the dry goods trade on that day, including
the large importing houses of Messrs. Bowen and
M'Connell, :Mlles and Ayres, and others. The
markets were very dull.
Our Canadian advices received this morning,
state that a general meeting of the shareholders
of the Grand Trunk Railway had been held at
Toronto. The government directors retire from
the board under the provisions of the act of last
session, The new board ',ill consist of ten direc-
tors in Canada, and five directors in London.
Seven out of the eight former Canadian directors
are re-elected, Major Campbell, of St. Hilaire,
replaces Mr. Holmes, who retires. Messrs Black-
well and Bidder complete the Canadian board.
Arrangements have been made by the Grand
Trunk Company for the payment of 25,0001 of
Montreal City Debentures for stock in the St.
Lawrence and Atlantic Railway Company, which
matured in March last, and respecting the meet-
of which a difficulty occurred.
According to advices from Paris, the stock of
bullion in the Bank of France continued to decline
during the few days following the publication of
the last monthly return. On Tuesday last, when
the-Bank raised its rate of discount to 64 per cent.,
a further loss of 16,0001. in gold was sustained
Since that date, however, a recovery of 160,0001. is
spoken of.
The shipments of specie and bullion by the
Indus, which will leave Southampton to-morrow
for Alexandria, we had estimated on the 13th
inst. as likely to approach 800,0001. The exact
amount is 777,1221., of which about 38,0001 consists
of gold (principally sovereigns, taken from the
Bank),'all the rest being silver. The sum destined
for the two Chinese ports is only 38,176/., owing
partly to the fact that the overland mail has
brought no advices from that country. The amount
despatched to Calcutta alone approaches half-a-
million. The details are shown below, viz : For
Aden, 3,330/.; for Ceylon, 1,254/. ; for Bombay,
234,667/. ; for Madras, 45,505/. ; for Calcutta,
451,257 ; for Penang, 3,8361. ; for Singapore,

Wheat.
qrs.
, 5571

1 3.216

THE NORTHERN TIMES.=-LIVERPOOL, TUESDAY, OCTOBER 20, 1857•