Northern Times.
Liverpool, Merseyside, England, 1859-03-09 00:00:00

THE NORTHERN TIMES; WEDNESDAY, MARCH 9, 1859

'ItIONtTARY AND COMMERCIAL.

LIVERPOOL, Tuesday tvening

Theie has been no re-action in the cotton market,
b at on the contrary it continues to show an increased
hardening tendency. The sales to-day amount to
10,000 bales, about one half of which have been
taken for Speculation and export. Prices have been
very firm. The statement from the New York list,
as received by the America, up to the 23rd ult., of
the inoVenient of cotton in the American ports is as
follows :

Total To
Receipti. Clearances. Great Britain. Stocks.
1858-9 • . 2,751,751 . • 1,410,059 . . 837,361 . . 1,018,628
1857-8 1,734,92.1 996,844 .. 633,654 . . 668,802
1356-7 , 2,205,148 1,061,757 .. 636,566 . . 776,071
A greatly improved tone pervades the Liverpoel:
Stock Exchange, and with considerable increase in
the amount of bnsiness, prices have to-day shown a
very decided upward tendency- The transactions
were as follow :—Caledonian, 841 ; Eastern Counties,
121, 12 1-16, 128; Great Northern, 103,; Lancashire
and Yorkshire, 9-51, 958, 941, 95. t ; London and
North Western, 951, 951, 94, 941:; Do. 1 shares,
13-16 d; Manchester, Sheffield, and Lincoln, 381, 381;
Midland, 1001 1008, 100!; North Eastern—Ber-
wick, 921 ; York Capital Stock, 174 'South Eastern,
21 9-16, 211, 21 9-16,, 24* 21 9-16, 211, 21.9-16 ;
Whitehaven and Furness, 10 ; Dutch Rhenish, 41d;
Grand Trunk of Canada, 71- • Do." :7 per-cent., 1867,
601; Great Luxembourg, 61; Do. Great Western
of Canada New, 44 ; Lombardo-Venetian,' 117-16 p.
A fair amount fo business was done after official
hours, sales being made in Lancashire and Yorkshire
at 961 to 961 ' London and North Westerns
at 961 to 961 ; Midland at 1011; North Eastern
921 ; and South Eastern and Doers, 21a.
The final closing quotations were as follow :
—Blackburn, 111, 111 ; Chester and Birkenhead,
63, 631 :; Caledonian, 851, Br=4 ; Chester and Holy-
head, 48, 481 ; Eastern Counties, 12 1-16, xd
12 3-16; East Lancashire-, 93 xd, 931 ; Do.
shares, xd, ; Great. Northern, 1021 xd,
1031 .; Do. A, 87 xd, 88 ; Great Western,
571 xd, 581.; Lancashire and Yorkshire Stock,
961 ad, 961 ; Do. £9 shares, ~• id, 1 p ; London
and North Western Stock, 96 xd, 961; Do. one-
eighth shares,-i3-16 xd,.11,16 d; Manchester, Sheffield,
and Lincolnshire, .381, 38-1 ; Midland Stock, 101 - xd,
'lO4 ; North British, 591, 591 ; North Western, 131,
: 131; North Staffordshire, 4a 41 d ; North Eastern
—Berwick, 93 xd, 931 ; York and North. Midland,
: 77 xd, 78 ; Leeds Capital Stock, 47 xd, 471; South
Eastern and Dover, 21i xd, 21 11-16; Dutch Rhenish,
42, 4 d ; Great Western of Canada, 151, 16 ; Ditto

• v •
Kew Shares, 41, 41 d; Great Lniembourg, 6Z,
7:; Grand Trunk of • Canada, -BZ, 82-; Lombardo-
-Venetian, 1, 171 p.; Ditto New Shares, I, 1 p.
The Liverpool.Corn.trade continues very dull, and
at the Exchange this' morning the attendance was
very limipd. 'A small business was done in most
articles. Wheat was id per cental lower, and Flour
from 2d to 3d lower. The Produce Markets have
also been very quiet to-day. No sales reported in
either Sugar, Rum, or Molasses.

The accounts from Manchester continue much of
the same character as those received for some time
past. To-day there was a very brisk inquiry for
yarns, and prices were very firm. Some consider-
able transactions were effected on home and con-
tinental account, but for India there was less doing.
The Goods market was rather quiet, but prices were
very firm.

Although there has been no great amount of busi-
ness transacted-to-day in the London Stock Market,
the tenor of the news from the Continent imparted
a much more lively feeling, and Public Securities
had, from the opening, an improved tendency. The
advance in the Trice of Consols 'for the day, may be
noted at about an eighth per cent. At noon they
were quoted at 96, and at the close they were
quoted at 961 for both Money and the Account, and
after official hours they remained steady, about the
same point. The closing prices for other securities
were—Three per Cents, 961, 963 ; Bank Stock, 228,
230 ; Exchequer Bills (large and small), 36, 39 pm.
The London Share market is described as having
presented an appearance more favourable than for
several weeks past. Prices for all the leading lines
of Railway stock show a considerable advance, with
a tendency to go still higher. The final closing
prices were :—Ambergate, 61 ' • Caledonian, 851 ;
Ditto Preference, 103, 105 ; Eastern Counties,
60, 61; East Lancashire, 93, 94 ; Edinburgh
and Glasgow, 704, 71;; Great Northern, 102, 1021 ;
Do. A., 88, • 89; Ditto B, 133, 134 ; Great Western,
571, 58 ; Lancashire and Yorkshire, • 951, 96 ;
Brighton 111, 112.; North Western, 95i, 954;.
South Western, 93, 931 ; Manchester, Sheffield,
and Lincoln, 38, 381 ; Midland 1001, 101 ; North
British, 59, 591; Ditto Preference, 112, 114 ; North
Easternßerwick, 021, sgt; Leeds 47, 471 ; York;
761, 7717 North Stafford, 43, 43 ; South Eastern,
711, 721 • Turkish Sixes, 931 ; Ditto Yours, 1031 ;
Great Western of Canada, 154, 151 ; Ditto New,
:44, 48 ; Grand Trunk of Canada, 8, 81..
At the London Wool Sales this afternoon, the
attendance of home buyers has been tolerably good,
and nearly the whole of the wool offered has changed
hands at full prices. For the Continent very little
has been done. From Glasgow we learn that the
wool market during the past week has remained
quiet. Early in the week, owing to the statements
made in Parliament,- and the favourable reports from'
'the continent, spinners appeared more disposed to
operate freely, and several transactions have been
entered into. Fine colonial wools are scarce, and
maintain their prices very firmly. Stocks ,of all
kinds are extremely light, which enable holders to
watch a favourable opportunity for disposing of
their wools. Blackfaced laid and white are in
'moderate demand, and prices remain unchanged.
Laid washed Cheviot of good quality is sought after,
and, being scarce, full rates are obtained. White
worsted wools and skin wools remain stationary. '
Of the Liverpool market, Messrs. Littledale and
Co., in their circular issued to-day, say :
Apprehensions of war continue to exert a baneful in-
fluence on the Wool market generally, though variously in
each branch.—English Wools, more especially the lustre
kinds, which have so long held a favourable pre-eminence,
are particularly depressed, having suffered a decline of
fully 3d per lb. since the commencement of the. year, and
the tendency is still downwards —ln low Foreign Vools
a tolerable business continues to be done—the Americans
have been operating pretty freely.in "Wools at 10d per lb.
and under, and with this, in addition to a limited demand
for home consumption, and a few small transactions to the
Continent, the market has been moderately supported under
the circumstances ; stocks of this class of wools are light;
and on the whole; old,prices are well maintained ; in some
cases, however, we hear of a to Id per lb being
conceded to secure a contract. The London Co-
lonial sales commenced on the 24th ultimo ; the
quantity to be brought forward is 32,400 bales, about half
of which are Cape "Wools ; the opening prices were con-
sidered to be pretty much on a parity with the closing rates
of last November, with perhaps a trifling advance on Sydney
Wools, and no material change has taken place since ; these
rates are Id to 14d per lb. lower than those obtained at the
Liverpool public sales in January, as well as for sales made
by private contract, which may be entirely ascribed to the
threatening aspect of affairs on the Continent—for of all the
different branches of our Wool manufactories, none appears
so sound as -our tine clothing trade. Although the tendency
of the Wool market is thus completely reversed by extrane-
ous causes, so inimical to commercial progress, it is conso-
latory to know that the consumption as. yet continues

undiminished ill every branch, consumers being still engaged

In reference to trade in general, and money, we
.quote from the same,eircular as follows :
We have had another month of doubt and anxiety in
Continental affairs one day more pacific, the next more
warlike—Ministerial explanatious counteracted by fresh
complications—France willing to withdraw, Austria un-
willing—England and Prussia mediating for Peace, Sardinia
and Italy urging on war—whilst each and every Power of
Europe .are in the meantime 'making gigantic preparations
-for whatever may be the ultimate issue, and thus effectually
destroying by their acts, what they wonld fain encourage
by th.eir words—the hope of Peace being maintained. The
public mind however, has lteisonie somewhat more assured
the last few days, the funds have slightly improved both in
Paris and London, and if the' settlement of toe whole of
Europe is not to be .overborne by the mind of one individual
we must have Peace,

Notliing can be more satisfactory than the position of
the home-trade in most articles, but even this is kept in
check to some extent, by dealers acting strictly on the prin-
ciple of hand to mouth in supplying. their wants. No ma-
terial change has taken plaee in the prices of Colonial and
other Produce, and Ile speculation of any extent, our
market's may be consirbroc.l in .s healthy position, and

amenable to sonic improvement should Continental mental
matters settle 4lowit
Messrs. Martin and Co., in reference to the Hide,.

market, say _
The arrivals this month from the ,River Plate are, ton-
fined to the George Metikke, from Monte Video, 'otiiii,ring
2,550 salted ox and cow, and 4,896, salted horse hides.
The Coronella, Garland, North Star, and Zwaan, from
Buenos Ayres; the Betsy, Teazer, Esther, and Anemone,
from Monte Video, have arrived with bone. and bone-ash.
The arrivals of hides from other quarters are small. - The
market for salted hides during the past month has been
very steady, but the small stock of salted: hides here offer-
ing so little cheidel to buyers the transactions have been
limited, the prices realised are about the same as last
month, viz., fair to good Buenos Ayres ox, average 614 to
631bs 71d to. 7t-d per lb, tare 5 lbs; light ox, average
491kcs, 7t-d per lb, tare 4 lbs ; common, average 67 lbs, at
6-d per lb-, lard 6 lbs. Monte Video ox, average 68 lbs at
6.-td per lb, tare 5 lbs ; extra heavy, 74 to 80 lbs at 5-1-d to
6 td.per .1b; tare-6 and .7 lbs.. Cows, average .47 lbs at 6tl-1
per lb, tare 4 lbs. Stock, 13,653 hides, of which the
!I majority are Monte Video's.
The stock markets are still powerfully 'affected
by. the pacific assurances put forward in the official
organ of the French governinent. Financial pros-
pects, provided peace be preserved, being extraordi-
narily brilliant, it is obvious that the weight which
has hung upon. the markets throughout Europe since
the commencement of the year, has been solely occa-
sioned by the attitude of France on the Italian
question.- - An instantaneous and immense effect is
consequently produved by each signal, whether of
depression or elation; transmitted from Paris, where
the key of the political situation is held. The
stock markets are the more susceptible of favourable
impression because, as we have repeatedly pointed
out, the public, who at present find little eligible
'employment for their money, have, during the last
two months, steadily absorbed the stock sold by
speculators. In addition, numerous unprotected
operations for the fall have been entered into ; and
upon any favourable feature there is a rush of
speculators anxious to close their accounts.
In all the Continental markets the article in the
31,nieeur has occasioned a great rise. The rebound in
Austrian securities is in proportion to the late severe

depression.
The Discount market yesterday was easy, first
class bills being readily taken at 2§l- to 2.1 per cent.
At the Bank the applications were'moderate.
About half of the 158,400/ in Australian gold, by
the Red Jacket, was yesterday taken for the Conti-
nent, in addition to, the foreign gold coin by the
Brazilian mail, steamer Tamar. The limited sum
in sovereigns by the latter vessel will go to the

Bank. - -
The monthly return of the Bank of France will be
published on Frid iy.next:
The bill empowering the Secretary of State for
India to raise money in the United Kingdom for the
service of the Indian government, and on the credit
of Indian revenues, has been printed. It provides
that the money may be raised in funds under the
hands and seal of three members of the Council of
India, countersigned by the Secretary of State.
When the money is not borrowed in bonds, deben-
tures may be issued, to be paid off at par at a time
mentioned in the debenture, the interest meanwhile
to be paid half-yearly. Returns of all sums raised
in loan or otherwise under the provisions of this act
are to be annually presented to parliament.
The markets are still powerfully affected by the pacific
assurance in the Moniteur. The Funds opened this
morning at an advance .of 1, per cent. on the best point
reached on Saturday, and a fresh rise of k was subiequently
attained. In the afternoon a partial reaction took place,
the improved quotation from the Paris Bourse not having
come forward, and Consols closed little more than k per
cent. better than on Saturday. In the other markets the
movement in price was more important. The advance
-amounted to about per .cent. in London and North-
Western Stock ; I per cent. in Great 'Western, Midland,
Lancashire and Yorkshire, South Eastern, Berwick .and
North British, and in most other stocks there was a general
advance. The Discount Market to-day was easy, first-
class bills being readily taken at 2k to n per cent. There
were no gold operations at the Bank. About half of the
£158,400 in Australian gold by the Red Jacket was to-day
taken for the Continent. In all the continental markets
the article in the 3foniteur has occasioned a rise. Daily
„Yews City Article, Monday Evening.
- The English Funds opened this morning,- -as was
expected would -be the ease with increased buoyancy,
which was fully maintained until just before the termina-
tion of business, when a partial relapse took place. The
savings banks purchase consisted of £20,000 Consols,
and the general transactions of the day, were numerous,
especially in all speculative securities. The minimum rate
in the Discount Market 2to 21 per cent. and in the
Exchange Stock the average for loans, on stock is not
higher than 11 per cent.—Trues City Article, Monday

Evening . -
The Strathmore has arrived tcom China, with 429,200
lbs. of tea and 1,351 bales of silk.
The Brighton Railway traffic returns show, for the week,
an increase of £4,204.
A telegram from St. Petersburg quotes the Exchange on
London at 36d.

TRADE IN THE MANUFACTURING DISTRICTS.
BRADFORD, Monday.—The Wool market is exceedingly
quiet. Little wool changes hands, and where it does, the
buyer has genera* the advantage. There is nothinc, new
to notice in worsted yarns. Spinners remain well employed
to order, chiefly for home consumption. The export houses
remain comparatively inactive. In some descriptions of
cotton yarns there is a fair average business doing. In
pieces there is -a steady business. Manufacturers are well
employed to order, thongh new orders are not placed very
readily. There is no change in prices. A good business is
doing in the warehouses for home wants.
ROCHDALE, Monday.—Wool: There is still a cautious
feeling amongst manufacturers, and it is only in case of
absolute necessity that they come into the market at all,
and then only for sorts for immediate consumption. Al-
though English wools are reported to be lower in
London at the current sales than at those in the early
part of December last, the feeling in this market
is but little changed, owing, probably, to the absence
of operations at Bristol last week, where, in consequence of
the high prices asked by farmers, staplers refused to
operate, and therefore scarcely any transactions took place.
Taking the highest rates, at the close of last year, for a
round of sorts, they could not be obtained more than id
or id cheaper. Business generally has been flat in the
warehouses. Flannel : Things to-day continue very inac-
tive as regards the home trade, although there is a mode-
rate attetidance. In shipping there is a great quietness,
except for the East, where there is a moderate demand
for Saxony flannels. For the home trade merchants still
,give out orders sparingly. A slight advantage may be
got from needy sellers, but these are very few. Lanca-
shire and imitation flannels are accumulating in stock.
The Yorkshire trade is quiet, but prices are the same as
last week.

IVIANcuEsTmI, Tuesday: To-day the market for yarns was
very stiff, and there was also a fair inquiry for both the
continental and the home trade. For India there was less
doing. Goods were firm as regards prices, but.the demand
was lunch more restricted.

ROCHDALE, Monday. —The local, wool market has not
improved; if, indeed, there is any change, it is duller than
last week. There is an absence of demand, except for fine
qualities, and these are only taken in retail quantities.