Northern Times.
Liverpool, Merseyside, England, 1857-06-08 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, Saturday Evening

The Cotton Market was rather active to-day, and
prices show a slight tendency upwards. The sales
were 10,000 bales, of which 5,000 were on specu-
lation and for export.
In the Liverpool Share Market to-day there was
a moderate business transacted, and prices were
rather better than at the close yesterday.
The following were the day's transactions :
Caledonian, 36f ; Great Southern and Western,
511; Lancashire and Yorkshire, 100/, 101, 1001 ;
Liverpool, Crosby, and Southport, 191; London
and North Western; 10414 ; Manchester, Sheffield,
and Lincolnshire, 421 I ; Midland, 831 i; North
Eastern, 229 ; Leeds Capital Stock, 22 ; Grand
Trunk of Canada, 16 1-16; Great Western of
Canada, New Shares, 11 p. The following were the
closing prices :—Blackburn, 8 13-16, 8/ ; Chester
and Birkenhead, 681, 681 ; Caledonian, 36:1,
36Z ; Chester and Holyhead, 18, 181 ; Eastern
Counties, 11:, 111; East Lancashire, 964, 97 ;
ditto 9/. shares, 11-16, p ; Great Northern, 241„ 241;
Great Western,64l,64l; Lancashire and Yorkshire,
Stock, 100/, 101; ditto 9/. shares, 1, 1 1.16 p ;
Liverpool, Crosby, and Southport, 19*, 193 ; London
and North Western Stock, 104 i 1014 ; ditto it shares,
3-16, 18 d ; Manchester, Sheffield, and Lincolnshire,
121, 43 ; Midland Stock, 83f, 838; North British,
10Z, 10/ ; North Staffordshire, 5, 41 d; North
Eastern—Berwick, 221 228; York and North
Midland 341, 31/ ; Leeds Capital Stock, 211, 221 ;
South Eastern and Dover, 221, 22 5.16 ; Scottish
North Eastern, 121, 13 ; Buffalo and Lake Huron,
j, a d ; Ditto New Shares, f, 4 p; Dutch Rhenish,
18, 14 d - Great Western of Canada, 231, 231;
Ditto dew Shares, 14, 1; Great Luxembourg,
111,_ 111 d ; Grand Trunk of Canada, 16 1-16, 3-16.

'rhere still continues to be an active demand for
Money, but the pressure is not so, great as it was
some days ago. In some quarters it is believed
that there will be a little temporary ease in the
Market, and should the speculative demand in the
foreign stocks and share markets not revive, the
only drawback, will be the provision of the amount,
which it is estimated will reach 1,000,000/., to be
forwarded by the Peninsula and Oriental Steam
Company's vessel of the 20th. The advices
from the Paris Bourse have not heed en-
couraging the last two or three days, but it •
appears to be an erroneous impression :which
attributed the weakness to the unfavourable nature
of the accounts of the silk crop. The fact turns out
to be that the adjustment of the account was
accompanied by several defalcations on the part of
operators, and that the necessary measures for
closing their bargains produced the depression
which has been evident. The opinion now appears
to be entertained that, the liquidation having been
effected, there will be more firmness ; and already
a partial re• action has been manifested in the
prices. Yesterday there was a much more confi•
dent feeling expressed with regard to a prospective
amelioration in the existing position of affairs ;
and the favourable nature of the Bank accounts;
together with a further reported increase in the
stock of bullion in the vaults of the Bank of
France, caused greater animation among the
speculators. Some parties went so far as to assert
that there is a probability of a reduction in the
rate of discount, both on this and the other side of
the Channel, though it may be premature to ex-
pect any great alteration until some certain esti-
mates shall have been formed of the condition of the
crops. The public have so long waited for an al-
teration, that the least glimmer of hope seems to
exerciselt strong stimulus, and consequently mnch
greater buoyancy was exhibited throughout the
day. The satisfactory manner in which the en-
gagements of all kinds have been met during the
last week must convince the bank directors that
everything is in a very sound position ; and since
they have used ample discretion in former cases,
there is every reason to believe that so soon as they
are in a situation to give the mercantile community
any relief, they will readily relax in order to mitigate
the severity of the pressure which, for four months
past, has unfavourably influenced trade. The
market for the public funds and securities
to-day was rather more firm, though no
advance occurred in prices. At first the favourable.
Bank return, showing an important addition to
the reserve notes, and the bullion, together with
the advices by telegraph, announcing further
specie remittances from Australia, which from the
dates of their departure cannot now bo far off, the
funds appeared buoyant, and Consols for a moment
were about 941. When, however, further particulars
of the accounts from the East were published, and
it was found that, although the Indian exchanges
tended downwards those at Hong Kong were firm,
if not rather higher, few sales were made, and the
market became fiat. The variation, however, was
not important, and as it occurred after official
hours, when the attendance of dealers was con-
tracted, the quotations last current can scarcely be
accepted as an index to the general condition or
tendency of the market. There is certainly little
prospect of the drain of silver yet receiving a check,
but if no efflux to other parts of the world takes
place there is little cause for uneasiness, as a
further slight declinein the rates at Calcutta and
Bombay would drive out the export thither. Con-
suls for immediate transfer were 934, 941; the
latest price being 94 to 941, , For the 9th proximo
they were 941, and "after hours" within a fraction
of 941 ; the fluctuation, therefore, scarcely amount-:
ing to 4 per cent. The New Three per Cents.- were
921 4; and the Reduced 924. Bank Stock was
2134. The March Exchequer Bills were is dis
count to 3s prem., and the " advertised ditto were
marked 2s discount. Bonds realised 981, 1.
.The following list shows the fluctuations in
Consols during the past week :-
Lowest Highest Closing
prices, prices. prices.
Monday , . ....Money 931 94-1 941
Account 93:k 948 •
94
Tuesday Money ~931 944 931
Account .... 94 94 94
Wednesday ...Money
Account ....93f 94 93/
• Thursday ....Money 934 934 93
Account 94 94i •94
Friday Money 931 94 94
Account • 94 - • •931
• Saturday ....Money 934 944 94
Account 944 944 941
In the London Railway Share Market to-day.,
very few transactions were reported, but prices
were very firm, indeed, :in .some instances higher
rates were paid. Late in the day there was a slight
degree of weakness, but it did not affect the actual
position of the market. Caledonian rose 1, Eastern
Counties 4, Great Western 4. Brighton 4, South.
Western 4, and do. York 4. The others were in
most instances at previous quotations. The
Colonial Market was quiet, but East India and
Great Western of Canada were firmer. Punjaubs
were 4 .4 pm , and Oudes. and -Central do. are
steady. Rigas are. dis. to Par. Ottonian Railway
81 pm. Foreign Shares generally were very inactive.
Southern of France rose 4, and the other French
lines remained steady, The following were the
closing prices :-Ambergate, • Nottingham, Boston,
and Eastern-Junction 51, ; Bristol and Exeter
89; 91; Caledonian "721, 73 ; Chester and Holyhead
36, 37 ; .Eastern Counties 114, 11* ; EastLandashire
97, 98 ; Edinburgh and Glasgow 59, 61; Edinburgh,
Perth; and Dundee 33, 334; Great Northern 961,
974 ; Great Setithern arid Western (Ireland) 103,
105 ; Great Western 64 65 ; Lancaster and Carlisle -
70, 74; Lancashire and Yorkshire 1001, 1008; Lon-
don, Brighton; and, South Coast 111, 112 ; London.
and NOrth Western 1044,104;,; London and South
Western 994, 1004; Manchester, Sheffield, and
Lincolnshire 421, 424 ; Midland 834, 84 ; Ditto,:
Birmineham and Derby 54, 55 ; Norfolk 61, 63;
North British 424, 434 ; North, Eastern-Berwick
894, 904 ; North Staffordshire 5;- 4, dis ; Oxford,-
Worcester, and Wolverhampton 301. 30, ; Scottish
Central 105, 107; Ditto Midland 69, 71; South
Eastern 74.. 744 ; South Wales 87, 88 ; Bnck-
inghamshire 93, 95; Hull and Selby 106, 108;
Eastern Counties, Ex. 5 per. Cent. (No. 1-) I pm ;
East Indian 108, 110 ; Grand Trunk of Canada 631,
641; Great Indian Peninsula, Guaranteed 5 per
Cent 21, 214 ; Great Western of Canada Shares 234,
'23i ; Madras, Guaranted 44• Per cent. 149, 20; Do.
Third Ex Guaranteed 5 per Cent.-1, 1, pm; Scinde
Guaranteed 5 per Cent. 14, 11, pm ; Eastern of
France 29, 20t ; Euphrates Valley par, 4, pm;
Great cent al France 244, 244; Great Luxeinhourg

Constituted Shares 6i, 6,1 ; Lombardo-Venetian
4, s,pm ; Lyons and Geneva 28k, 298; Namur
and Liege 8, 8 ; Northern of France 381, 38 ;
Norweigan Trunk Preference 9, 10; Paris and
Lyons 58, 58d_; Paris and Orleans 57, 59 ; Royal
Danish 10, 18, Sambre and Meuse 8,8 t ; West
Flanders 41, 5, x d.

The Imp-orts of Specie during the week reach
nearly one million-and-a-half sterling—viz., by the
Europa, from Boston, 1,065,459 dols , or 215,0001. ;
the Donald' McKay, from Melbourne, 12,098 ozs.
gold, or 48,3901.; the Wave of Wind, from Geelong,
4,000 ozs. gold, or 16,00014 the La Hogue, from
Sydney, 4,375 ozs. gold, or 17,5001..; the Parana,
from the West Indies, 3,161,863 dole , or 632,000/. ;
of which 547,8001. is in silver, and the rest gold;
the Morning Star, from Melbourne, 48,380 ozs.
gold, or 193,520/. ; the Sydenhain, from Melbourne,
3,146 ozs. gold, or 12,580/. ; the Sultan, from the
Mediterranean, 2,145/.; the Robert Lowe, from St.
Helena, 1 bag of specie ; the Sussex, from Mel-
bourne, 47,848 ozs. gold, or 191,400/. ; the Pera,
from the East Indies, 2 packages specie, or 6,7001.;
the Baron Osy, from Antwerp, 1 box specie; the
Weimer Castle, from Melbourne, 40,000 ozs. gold,
or 160,0001.

The exports of specie during the week were
upwards of 800,0001, :—By the Orinoco for the
West Indies, 35,0001; the Indus, for India and
China, 761,613/, of which 5,3141 was in gold, and
the remainder silver, divided as follows :—Gold to
Ceylon, 3,4821; Hong Kong, 5501, and Madras,
1,2821. Silver to Madras, 7,9871; Bombay, 115,2101;
Calcutta, 243,7971; Penang, 9,6101; Singapore,
36,8601; Hong Kong, 127,097/ ; and = Shanghai,
215,7401.

The official returns of the exports of the precious
metals from the port of London, for the week
ending 29th May, sum up 9,120 ozs. of gold and
7,840 ozs. of silver.

From the manufacturing districts we learn that
very little business has been done during the last
week, the Whitsuntide holidays having caused a
complete interruption to business. The WorSted
Trade at Bradford has shown considerable activity,
and in piece goods more business has been done
than for some time past Prices generally were
steady. At Manchester trade ruled inactive, as is
generally the case during Whitsuntide. The
demand for cloths, however, suitable for the China
and German markets has been good, and prices
ruled rather firmer.
Respecting the movements in Mines. during the
week, the Mining Journal of this day says :
• The past week has been particularly dull, even for Whit-
sun week ; but this dulness has been brought about not so
much from the difficulty in finding sellers of such shares as
are chiefly in demand. Dividend shares have been most
in request this week, though a few inquiries have been
made for good progressive mines. Basset 260 to 265.
South Francis shares have been in demand at 310 to 320.
Grambler and St. Aubyn Shares are flat at 100 to 105,
Rosewarne 44 to 45. Wheal Margaret shares have been
quiet at 62k, Providence 723 to 75, Great Alfred 73,
Alfred Consol 173 to 171. Great South Tolgus shares have
been flat at 17 to 18, Wheal Tehidy 23 to 22, Herodsfoot
63 to 73, Wheal Granville 13 to 13, Wheal Edward.
shares have been largely dealt in at 53 to 63,
leaving oti at 6to 63, Lady Bertha. to 3, Sort.
ridge in request at 13 to 2, South Tolgus 140 to 146,
East Devon 85 to 95, Llandudno 3, North Croft," 5 to 53,
East Cornwall 23 to Botallack 265 to 275, North
Bassett 193 to 20, West Basset 29 to 30, East Trefusis 5
to 51, Cook's Kitchen 53 to 51, Wheal W rep continue flat
at 7, Trewetha 23, Trelawney 24, Mary Anne 46. South
Caradon 340 to 345; West Caradon, 140 Kitty 18 to 183
Great Busy sto 53d ; Wheal Margery shares are fiat at
12 to 15 ; Craddock More 40 to 45 : Gonumena 173 ;
Wheal Charlotte 5 to 6 ; East Tamar 3to 4! Tamar
Consols 13 to 13 ; Trevode 12 to 123, Render 11 to 2
Sou h Cara Brea 6, North Laney 50, Crom Sebon 13,
Nanteos 13.
During the week the foreign mining companies
have received information from their agents
abroad of the usual character. The Alten report
their produce for April last at 152 tons of copper
ore. The Copiapo statement is, on the whole,
favourable. The Iberian Company's dressing during
the last month was 63 tons. The Castilian produce
for the same period was reported to be 13 tons.
The Peninsular return for May was 35 tons. From
the Pontgibaud the returns are said to be large.
The United Mexican report states that the Maria
and Jose lode was averaging weekly 700 cargoes
of clean ore, and that 5,000 dollars had been
received on account of the Zacatecas claim.

The only Foreign Mining Companies' meetings
which have . been held this week are the Fort
Bowen (new company), at which a favourable re:
port was read, and the' accounts showed a balance
in hand of 94/. lOs 4d ; Mr. Powell and Mr. White-
lock were elected new directors. It was stated
that a watercourse would be . necessary for
the proper working of the stamps, and that for the
requirements pointed out by the mining captain
about 3,000/ would be wanted. By the.middle of
this month a report was expected as the result of
the first month's trial of the stamps for the pro-
duction of gold from the ore. The report was
adopted, and the accounts passed. The Australian
'Freehold Gold Mine, at which a resolution was
passed to stop the proceedings in Chancery and to
divide the assets in hand over the 10,419 shares;
if on the settlement of all the liabilities, and the
disposal Of the other assets, any surplus should
remain, it would be divided amongst all the share-
holders. According to the report of the Clarendon
Mining Company the inspecting captain was to
leave Kingston,.on examination of the mines, on
'the 11th of May. -
The London Metal Market has been rather dull.
A. reduction of id per lb on manufactured Copper,
and of 9/ per ton on tough cakes and best selected,
mast be reported, and it is generally expected that
there will be a very large demand at these rates
Iron is becoming lesaactiVe, and the Welsh makers
have been 'obliged to accept lower rates fru both
bars and rails Lead maintains itself very firmly;
and there seems little prospect of, lower rates at
present. Spelter is inactive, and the business of
the week has been very limited. Tin has el-
perienced a fall of 5/ per ton on British, but nothing
his been done in foreign, quotations for which are
still merely nominal. Tin plates have given way a
little ha price, but the demand is small. •
We have Melbourne dates of April 15 by the
arrival of the European at Suez, with
_48,0001
specie. Cominercial affairs were dull. The mining
intelligence is satisfactory, as gold was being pro-
duced in large quantities. The export of gold
from Melbourne for England during the month
had been 171,400 ounces, valued at 685,600/, viz. :
—On the 20th•of. March, the Frances Henty, with
24,700 oz. of gold ; on the 21st of March, the Tudor,
14,500 0z..; on the 25th March, the. Kant, 69,200 oz;
on the 6th April, the Champion, 32,800 oz. ; on the
7-th April, the Rexburg Castle, 30,200 oz.
With regard to the Linen trade in the North of
Ireland, we learn that the weather has done all
that could be effected for the young crop of flax,
and rarely, if :ee.r, haYe the lands sown with this
staple looked so well as they do at present.
Foreign lots of fibre come slowly to hand, and.
for prime Russian -full rates are paid. Home
raised is scarce, and sells at rates which should
well repay the farmer The flax mills are pretty
well employed. Tows, of all varieties, sell readily,
stocks ranged low, as do also
.those of prime Warp
Yarns. The power-loom is- making a desirable
change in Flax spinning ; the- superior article re-
quired to stand the Machinery causes spinners to
use the best material, and 'the result has been to
give quite a higher character to 'lrish spun Warps.
'White Linens sell with leas ease, but in' general the
market is healthy, Medium Goods for the Shirting
trade-are- more looked for, and brown finished
Linens have had a sfeady sale. In the public
_markets no large, transactions can- be reported for
-the week. Buyers have seemed willing to take
stock freely, at the extreme values of last month.
The steam-loom system goes on prosperously,
and, were money easier, there would be a great
accession of power added to the present productive
resources of the Ulster Linen Manufacture.

POUTPATRICK.—TiIe SeatlOWer, cutter, is now at
Portpatrick, employed on surveying duties —Galloway
Advertiser.
Limas ELECTION —Declaration of Poll (official).._.
Beecroft, 2,070 ; Mills, 2,064 ; majority for Beecroft, 6.
Mr. Mills received 79 votes less than when he was de-
feated by Mr. Hall in March; and Mr. Beecroft polled
167 less than)Mr. Hall polled in March. The number of
electors who ♦oted in March was 4,381 ; the number who
voted yesterday was 4,134, being 247 less than in March,