The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-16 00:00:00

MONETARY AND COMMERCIAL.

LiVERPoot, Saturday Evening.

The royal mail steamship Persia, Which arrived
here at an early hour thiS morning, brings us
New York adViCes of the 4th instant, from which
we learn that the receipts of Cotton at the
shipping ports of the United States had fallen off,
and that the markets throughout the Southern
States had manifested au upward tendency. This
intelligence' created an increased feeling of
speculation in our Cotton Ntarket, where no.
less than 20,000 bales changed hands, 13.000 of
which were taken for export and on speculation.
compared with the rates quoted in keinarks of
yesterday's prices of nearly all descriptions have
advanced 4:1 to d per lb. Surat brought 51 to sil.
Egyptian, 0.1 to lld ; and Maraoham SD per lb.
According to the statement contained in the New
York shipping list of the 4th inst., the following
are the particulars of the movements of Cotton
in the United States, from the Ist Sept. to 4th
February :
Receipt 'Exn. tf, G. B. Total Exp, Stock.
1556.... LBll 781 411 719 .. 719,761 62,391
1855 ... 1,818 055 , , 635,230 .. 1,027,007 141,629
increase. 23 725. ,
Demise 220,521 .. 307,206 .. 79 239
The folio wing appoars in a Savannah paper of a
late date. It will enable all those interested in the
trade to form an opinion as to the crop of 1856 57 :
We took occasion, a few days ago, to warn our readers
against speculation in Cotton, at the high prices, and ex-
pressing our apprehension of an adverse result, We have
taken up the statistics of the last six years, and give them
as follows :

Total receipts of Cotton at the ports in 1850-51,
exclusive of St',ck, Sept. 1 . 2,331,000
Receipts 'up to third week in January as made
up in New York

Quantity received after third week in January.. 1,293,000

Total receitA4 in 1851.52
Received up to third week in January 1 141,000

Qaantity received after

Total receipts iu 1852-53' 3 221.000
Received up to third week in January 1,593,000

Quantity received aftor

Total receipts in 1853-54 2 887,000
Received up to third week in January .......,1,035,000

Quantity received after 1 852,000

Total receipts in 1851-55 2 784,000
Received up to third week in January OBl,OOO

Quantity received after 1,803,000

Total reeetpts in 1855.56 3,439,000
Received up to third week in January ..1,626,000

Quantity received afterwards

Quantity received after third week in
January, 1851 1 293,000
/9 18.52
YO 18.53

>7 1851
1,852,000
„ 1655
1856

Total for six years, ... 10,316,000

Average for one year, .
Receipts this year as per prices ettrrent to Jan. 16, 1,711,266

Would make a total for 1856.'57 of .
We do not think it probable that the receipts of this
year will come np to the average indicated, but even with
the lowest receipt of the last six years henceforward, the
present highest estimate would be reached, say 3,000,000
bales ; while, if the largest figures should be touched, the
total would ha nearly 3,600,000 bales. The stocks in the
interior are considerably larger than at the same time last
year, and the receipts now roaring into the Gulf ports
heavier than ever before at the same period ; yet planters
are holding back for higher prices.
The Liverpool Share Market was very firm
to-day, with a literally good business being tran-
saetpd. I,,ioes of tho leading lime wore aligbtly

The Money Market has not in any way been
affected by the Chancellor of the Exchequer's
annual financial statement made last night. The
rate for money continues to fluctuate, and according
to the daily pressure a fractional change takes place
in the terms charged. On the whole, however, it.
seems that the full inquiry will be maintained for
the present, 51111 es the rates in most quarters
continue to vary between 5; and 6 per cent., the
Bank secures sufficient business to enable it to
compete successfully with the discount houses.
Early in tht-, week the inquiry Was rather more
pressing, and some parties then thought that the
directors might increase their minimum, but it is
almost unnecessary to remark that this impression
was by no means general. The arrival of gold on
Monday created increased conrilence, and when it
was found that a portion would be retained in the
Threadneedle street vaults, all apprehension of a
change was dissipated. Indeed, it may he Paid,
that since the pnblieation of the two last Bank
returns, the speculators at the Stock Exchange
have been more sanguine of a favourable tendency
with regard to financial affairs, but some of the
more cautious operators still incline to the belief
that money cannot for the present be much cheaper,
in consequence of the amount which is !almost
invariably required for trading purposes; while the
undertakings connected with the extension of
home and foreign enterprise will also trench
heavily upon the resources of the various European
Markets.

The Public Funds and Securities opened very
firmly this morning, but a reaction took place, and
the Market closed at a decline of 8 per cent. Before
the official opening, full prices were current, but
afterwards extensive sales of Stock were ( E'l'ected,
probably on account of parties who were desirous
of realising their profits, which the late advance
enabled them to do with considerable advantage.
The fact is,. the details of the Budget were fully
anticipated, and when they appeared in an official
form their favourable influence was spent, a pause
in the upward movement ensued, and a little weak-
ness naturally resulted. Consols were 932 8 for
'money, and 94 to 948 for the account, during the
recognised hours. Later in the day they were 04,
then 931, 94, and finally about 931, buyers. The
New Threes were 94i H, and the Reduced 94 to
04k. India Stock was 219. Exchequer Bills
brought is to 3s prem, and the Bonds tifii
The following list shows the fluctuations in Con-
sols during the past week : .

Lowest Highest Closing
prices. prices. prices.
Monday ..... .. Money ... 92! 93 93
Account .. 931 93Z- 93Z
Tuesday Money .. 924 934 934.
Account .. 931 93 9;3
9374-
Wednesday Money .. 93k 93',-; • 93;4-1
Account .. 93 931 932
Thursday Money .. 933 91 94
Account ... 91 914 911
Friday Money .. 931 94 94
Account .. 94 k 94/ 941
V
Saturday Money .. 931 944 93§--
Account .. 938 948! 94
Today a moderate business has been transacted
in the market for Foreign Securities, and with one
or two exceptions previous values have been firmly
supported. Turkish Stock has sympathised with
the weakness of the Funds, the Six per Cents
having declined i to 4, viz., to 911 to 95, and the
Four per Cents remaining heavy at about 101 11.
Spanish Deferred rose to 24 ',42., and the Certificates
and the Three per Cents were nominally steady
Russian Small Bonds brought 97, Portuguese
Three per Cents 40s /, and Dutch Four.per Cents
982 99, being at full rates. In South American
Securities a fair business was done, and Mexican
were well maintained at about 22 and 221. Peruvian
ruled at 80, Grenada New Active at 221, and the
Ditto Deferred at 61, which are about previous
former quotations.
The London Railway Share Market to-day was
rather animated, some large sales being reported.
Compared with the previous day's values, however,
the decline was not important, and in several
instances considerable firmness was manifested.
Blackburn, Eastern Counties, Lancashire and
Yorkshire, Blackwall, Midland, and South Eastern,
were steady ; while North Easteru and Berwick