Northern Times.
Liverpool, Merseyside, England, 1857-11-25 00:00:00

THE NORTHERN TIIVIES:-EIVERPOOL, WEDNESDAY,

since all human experience gives countenance to our fears.
In my next letter 'I will endeavour to unfold some plain
preposition•, which may perhaps tend t 6 remove, in a
measure, the existing obscurity with which this subject
appears to some persons to.be shrouded, but which f^; me
moment is again with much rea3otj attr:;.„,i,g public
attenticn.—Your obedient aecYant, CORNALIus,
Liverpool, Nov. 21st, 1837.

MONETARY AND COMMERCIAL.

LIVERPOOL, Tuesday Evening.

There Was a dull feeling in our Cotton Market
teaday, and !nit es were ratha. irregular. The
saieS Were abtur 2,000 bales. •
The Liverpool 'Sh!-Le Market has shown more
firmness, and prices have advanced about •per
cent. ' It closes quiet. and business has been very
small. The transactions were as follows :-Black-
burn, 81-, S '13.16 ; Caledonian, 36k; Eastern
Counties, 10i ; Lancashire and Yorkshire, 81.
89 ; Do. £9 shares, par ; Lancaster and Carlisle,
72 ; London and North Western, 931, 93i, 933,
931, 934; Do. A- 'shares, 11, d ; Manchester,
Sheffield and Lincolnshire, 34-, 851, 35k; Midland,
HI 81 ; North British, 111 ; North Eagern,-221;
North Staffordshire, 41 ; Dovers, -18 3-10, 181
18 5-16 ; Grand Trunk of Canada, 8/, 8 9- 10
Royal Insurance, 2i, 2/, 2K p ; Lancashire
Insurance, .4 d. The following were the closing
prices :-Blackburn, 81, 88 ; Cheater and
Birkenhead, 62i, 63 ; Caledonian, 301 37 ;
Chester and Holyhead, 141, ; Eastern
Counties 10 5-10. 10 7-16 ; East Lancashire, 86, 87;
Do. 9/. Shares, par, -1 p; Great Northern, 231„ 231 ;
DO. A, 9/, 10; Great Western, 471, 481 ; Lan-
cashire and Yorkshire Stock. 89, 991 ; D. 9/ shares,
Par LiverpoOl, Crosby, and Southport, 183,
L 81; London and North Western Stock, 931, 934-;
Manchester, Sheffield, and Lincolnshire, 35i' 35z ;
Ttli Hand Stock, 81, 811 ; North British, 113, 111 ;
North Staffordshire, gg, 4,1 d ; North EaStern -
Berwick, 22i- 23; York and North Midland,
38i, 38g -; Leeds Capital Stock, 231, 24,1; South
Eastern and Dover, 18/, 18 5-16 ; Dutch Rhenish,
63, 61 d ; Great Western of Canada, 173, 171; D•).
new ,;hares, 31, 3 d ; Great Luxembourg, 51, 54 ;
Grand Trunk of Canada, 8 11-16, 8
The Money .Market weal s a more favourable
appearance, discounts being rather more freely
eranted, but at no decline in rates. The funds to-
day were rather better, but business was very quiet
Consols for Money closed at 898 to 90, and for the
Account at 908, and the same price was current
after special hours.
The Railway Share Market was quiet to-day,
and prices closed as follows :-Caledonians, 733, 74 ;
Eastern Counties, 1.01, 100; East Lancashire,
86, 88; Edinburgh and Glasgow, 37, 39; Great
Northern, 91, 92; Ditto A, 78, 80 ; Great Westerns,
471, 48; Great Western of Canada, 11, 17/ ;
Grand Trunk of Canada, 83, 81 a Great Southern
and Western ; 96, 98 ; Lancashire and Yorkshire,
881, 89 ; London and North Western, 931, 93g;
London and South Western, 84/, 853 ; Leeds
Northern, 473, 483 ; Manchester, Sheffield, and
Lincolnsh re, 351,. 351 ; Midland Stock, 80*
813 ; North British, 46, 47 ; South Eastern
and Dover, 601, 61 ; York, Newcastle and Ber-
wick, 903, 913; York and North Midland, 773, 783.
After official hours the following were the nominal
prices:--Caledonians 731, 744; Eastern Counties
101, 104; East Lancashire, 86, 88; Great
Northern, 90, 92 ; Do A, 78, 80 ; Great Western.
471, 48 ; Lancashire and Yorkshire, 881, 89
London and North Western, 931, 931. Manchester,
Sheffield, and Lincolnshire,334, 351; Midland Stock,
801, 813 ; North British, 46, 47 ; South Eastern
and Dover, 601, 61 ; York, Newcastle, and Berwick,
901, 913; York and North Midland 773, 783.
The accounts from Ireland and Scotland report
a satisfactory subsidence of the monetary panis.
The only drawback to the favourable characteristics
of the day is the announcement of the failure of
an eminent firm connected with the Hamburg
trade. •

The Produce Markets are still languid.
The Corn Markets were rather firmer to-day, and
prices are slightly higher.
Commercial letters from Paris state that last
week retail business was more satisfactory, parti-
cularly in the ready-made and nouveautes shops.
The first symptom of cold produced a great effect
in stimulating winter purchases- Nevertheless,
the sales are generally less considerable than they
usually are at this time of the year. The factories
are in a complete state of stagnation. Manufac-
turers do not seek for orders, because they could
only execute them on disadvantageous terms, and
with the prospect of payment at a long date. The
great object with all commercial people seems to
be to limit business for the present, and to husband
their resources for a more favourable period.
The Paris manufacturers have suspended their
preparations for New Year's-day. They are not
disposed to wive any credit. This state of things
was inevitable with discount at ten per cent. No
fears are,, however, entertained about the bills
becoming due next month. The 31st of December
is a less important day than the 31st of October,
and the 30th of November, because it is very usual
in those two months to settle transactions by bills
for the end of January. • Advices from the
provinces show that the crisis is very gene/ ally
felt. Limited production is the order of the
day everywhere ; buyers are few, although
what few bargains are made any where are ail to
the advantage of the buyer; but prices are by no
means uniform. It frequently happens that the
very same goods are sold at a reduction of from
15 to 20 per cent. by a particular house, while
another will submit to no reduction whatever.
Letters from Rouen, Mulhouse, Roubaix, and
Lyons, state that the quantity of goods manufac-
tured is far from being sufficient to supply the
average wants of consumption, and it is therefore
to be expected that whenever the revival of
business may come, there will be a very great
demand. The upward movement in Grain and
Flour which occurred when the decree permitting
the exportation and distillation of cereals was
issued, is checked, and prices have been very weak
latterly, boih at the Paris Hallet and in the prin-
cipal country markets. Specu!ation stands
completely aloof, and the ordinary wants of con-
sumption are insufficient to absorb all that is
offered for sale. Sugars, Oils, and Tallows remain
without any further fall. Wines are less buoyant
at Ber,y. Some holders begin to think that they
must is( sign themselves to a fall.
The following are the latest quotations of the
Foreign Exchanges :--Amsterdam short, 11 18,
12 ; Ditto, 3 months, 12 2 to 12 3 ; Rotterdam
do., 12 2 to 12 3 ; Antwerp, do, 25 85 to 26 ;
Brussels, do, 25 85 to 26; Hamburgh, do., 13
13 to 13 14; Paris, short, 25 40 to 25 65; do.,
3 months, 26 5 to 26 15 ; Marseilles, do, 26 10 to 26
.20 ; Frankfort, do, 1211 to 122 ; Vienna, do, 11 10
to 11 20 ; Trieste, do., 11 10 to 11 20 ; Petersburg,
do., 321 to 331 • Madrid, do., 471 to 47i

The:National Bank of Turin has raised its rate
of discount to 10 per cent.
A. despatch from St. Petersburg announces that
the Exchange on London has fallen to 841-d. All
the endeavours of the Government to prevent the
t fflux of gold, short of absolute prohibition, must,
therefore, be fruitless, for in the ordinary way of
business, there would be a profit of something like
ten per cent. on remittances of gold from St.
Petersburg to England.

From Sweden we learn the satisfactory intelli-
gence that the Swedish bills drawn on M essrs.
Hoare, Buxton, and Co., and E. Sieveking and
Son, will be mainly retired through the Bank of
Sweden, who have been moved to interfere
specially to protect the correspondents of these
and other Swedish houses, which have lately
suspended. The prospects of the English cre-
ditors, as a matter of course, are by this means
proportionately improved.
A meeting of the creditors of Messrs. Wilson,
Morgan, and Co., Lendon, wholesale stationers,
who stopped on the 12th instant, was held yester-
day. The statement of affairs, read by - Mr.
Chatteris, the accountant, showed liabilities
amounting to 25,6291., and assets 9,4981. After
various explanations, it was agreed to accept a
composition of Bs. 6d. in the pound by three
equal instalments at three, six, and nine months
from the Ist of December, the last instalment to
be secured.

The Weekly Traffic Return of the Great Western
Railway of Canada, just received, presents a de-
crease of 3,4021., compared with that for the cor-
responding period of last year. This Company are
inviting tenders for loans on debentures at 6 per
cent. per annum, for 3,5, or 7 years, to repay
debentures falling due.

The Coupons on Buffa'o, Brantford, and Gode-
rich Railway Bonds are aivertised for payment.

LIVERPOOL COTTON MARKET.—Nov. 24,

The Cotton Market continues without chlngQ io—daq ;
the transactions are moderate, and prices a°,"encoo greater
regularity. The sales—including 50 Batia.s 6il to 7id,
500 Surats 34d.t0 sid—are reported 2,Q;tO bales+ of which
300 are for export.