Northern Times.
Liverpool, Merseyside, England, 1860-01-09 00:00:00

LONDON MINING MARKET.-JAN. 7.

The mining market to-day is steady, without any new
feature of importance: East Wheal Russell shares are
inquired for, and have been dealt in at 13. Vale of
Towey are marked Shares in Great Caradon, Kelly
Bray, Great Crinms, Wheal Kitty—(SC agneS), -Lady
Bertha, and Great South Tolgus.have also been dealt in.
Cobre Copper Mining shares have advanced, being
marked 501, English and Australian Copper are like-
wise in requ,est.

BOROUGH HOP MARKET.—JAN. 7.
Market for-all kinds continues firm, at fully previous
quotations. The show of samples very moderate.

GLASGOW IRON MARKET.—JAN. 7.
Market depressed. No. 1, 555. 3d. to 555. 6d. ;
Warrants, 565. 3d. to 565. 6d. ; Makers' Iron, 555. to
555. 6d. ; No. 3, 555. to 555. 3d.

TRADE CIRCULARS.

IRON TRADE.

Mr. S. Griffiths, in his annual review of the iron trade,
says :—The development of the iron and cotton trades
stands prominently forth during the year under review
(1859), as significant of the greatness of our country,
and the extraordinary efforts made to develop the vast
resources of this island • the latter having exported no
less than £14,500,000 of cotton goods to India alone,
during the first eleven months of 1859, and it is com-
puted that the whole exports of this branch of manu-
facture to all countries for the year 1859, will not be
less than £48,000,000 • sterling. The exports of Iron
show an aggregate increase of £1,000,000 sterling., if
compared with the same period of 1858 ; although a
very considerable falling off in the exports of Pig Iron
has been witnessed this year to France, Holland, and
Prussia, mainly owing to the depression of trade in
these countries, no doubt caused by the derangement of
the continental money markets, and other injurious
incidents of the Italian war. The exports of Pig Iron
from the Clyde alone have been no less than 567,000
tons, being 12,000 tons in excess of 1858 ; of this large
shipment for the yoar, 312,755 tons were coastwise,
and 2.54,245 tons to foreign ports. There are 125
blast furnaces in blast, in the Iron districts of
Scotland, which are computed to have produced no
less than 950,000 to 960,000 tons of Pig Iron.
The average number of furnaces in blast, in the
South Staffordshire district, during the past year,
was 135, which produced 786,240 tons of Pig Iron;
the average number of furnaces in Shropshire in blast,
was 25, which produced 145,600 tons ; in the Forest
of Dean, 5 furnaces in blast, which produced 23,296
tons ; making a total of 955,136 tons of Pig Iron pro-
duced during the year in these districts ; add to this
960,000 tons, the produce of Scotland, which gives
a total for the South Staffordshire, Shropshire, Forest
of Dean and Glasgow district, of no less than the
enormous aggregate of one million, nine hundred
and fifteen thousand, one hundred and thirty-six tons ;
and when the enormous produce of South Wales,
North Wales, Derbyshire, Yorkshire, North Stafford-
shire, and the Ulverstone and Cleveland districts is
considered, the vast importance of the iron trade cannot
be doubted, exhibiting as it does the unparalleled re-
sources of our country with respect to this metal. At
the close of December, 1858, the iron trade of South
Staffordshire looked more promising, the demand in-
creased, a much larger business was done in Stafford-
shire pigs, and from ls. 3d. to 2s. 6d. per ton
advance was in some cases paid at the close of this
month for favourite brands of native pigs.
Twelve failures have occurred during the year, three
or four of considerable importance ; but these stoppages
must not be viewed in the slightest degree as exhibiting
unsoundness in the district, but rather as the expiring
and final effects of the disasters of 1857: Orders for a very
large quantitY of rails are known to be now on the market.
Copper, Tin, Lead, and Spelter.—Copper advanced 'd.
per lb. on manufactured and £5 per ton on unmanufac-
tured, and will advance again speedily. Tin, firm ;
market for Spelter, fiat ; Lead without change in tone
of market or price. We regret that the space occupied
with our annual review of the Iron trade precludes the
possibility of the yearly review of these metals until
next week. We nevertheless just advise our friends to
get into stock of all the metals without delay. This
intimation will be taken as the answer to a great many
letters, asking our opinion, more especially in regard to
Copper and Tin. The Glasgow market for Scotch Pigs
is more tranquil. Mixed Nos. Warrants, 575.; No. 1
G.M.8., 565. 3d. ; No. 3 do., 565. Rather sellers. All
prompt cash. Shipments for the week, 8,693 tons,
against 4,801 tons corresponding w(;ek of 1859.

HIDES.
Messrs. G. F. Martin and Co. in their annual circu-
lar say :—ln recapitulating the state and progress of the
Hide market for the past year, we may remark that it
opened with a brisk demand, and the leather market
in a very healthy condition, showing a great contrast
with that of 1858, when to effect sales a reduction ld.
to ltd. per lb. had to be made to induce purchases; the

THE DAY'S NEWS.

Notwithstanding the apparent complications
which have recently arisen in the questions
which presently agitate Europe in general, and
France in particular, it is highly satisfactory, in
the interests of peace and general prosperity, to
observe that a decided improvement has mani-
fested itself in the French money market, and
that the Funds continue to shew an upward
tendency.

The latest accounts from Morocco, via Madrid,
are of the same unsatisfactory character as those
which have already reached us from that quarter
—the Moors still spiritedly acting on the offen-
sive, and the Spaniards only on the defensive.
Truly may we say of Spain, looking to her former
prowess, "Hen quantum mutatus ab illo !" We are
told, by the Spanish accounts, that their encamp-
ment was attacked, on Wednesday last, (the 4th),
by four thousand Moors—one-half, cavalry, the
other infantry—who were repulsed with a loss to
the Spaniards of twenty-four killed and wounded.
There is no statement given of the extent of
punishment inflicted on the Moors ; nor is it
asserted that the supposed victory was in any way
followed up or turned to good account. The health
of the Spanish army was improving, and it is
said their movements—but they must be feeble—
are being continued towards Tetuan. Little
wonder that this miserable warfare is understood
to be now highly unpopular in Spain.
It seems the newly appointed French Minister
for Foreign Affairs will be detained in Constanti-
nople until the arrival there from Paris of Cdunt
Lallemand, the First Secretary to the French
Embassy at the Turkish capital,—he being now
on leave of absence,—whe has been appointed
interim Charge d'Affaires. He has now received
orders to proceed there without delay ; and iname,
diately after his arrival M. Thouvena Count
Walewski's successor, will set out for France.
The view we suggested on Saturdays as the
most probable explanation of the meaning and
effect of Louis Napoleon's latest act of European
importance—the displapenorlt of Count IV aleWski