Northern Times.
Liverpool, Merseyside, England, 1859-05-21 00:00:00

THE NOnTlltitikr TIMES SATLTRIiii, MAY 21, 1859

MONETARY AND COMMnVIAL.

LIVERPOOL, Friday git:iiing.
The amount of business done in the Liverpool
Cotton Market to-day has been moderate, the sales
reaching 7,000 bales, but there was an entire absence
of anything approaching to activity, and prices
continue depressed. Of the week's business Messrs.
Wright, jun. & Co., in their circular issued to-day,
say :

We closed our last circular advices of 13th instant, per
Asia, on a quiet Cotton Market at somewhat irregular quo-
tations. As the recent heavy import is landed, offerings
increase, and for the week under review the demand has been
so limited that to press sales was not only impolitic, but to
some extent impracticable of securing the end aimed at—
realisations; where such have resulted, concessions in price
have been submitted to, and a weakening tendency in rates
have been the principal feature of the business daily.
Spinners have largely replenished their small holdings by
parcels forwarded direct from the ship's side, and hence
their restricted action in this market, and notwith-
standing that prices are now id to 1d per lb below
the highest point on the Bth ult. and arrivals are coming
forward to a heavy loss. Speculators remain passive,
anticipating further decline when our stock is ang-
mented by some 400,000. bales now at sea from American
and East Indian shippinc, ports. Trade is not flourishing,
Id the complexity ofe European politics engenders a
e. From the seat of war there is nothing of
cn important character, both armies beirng kept in check by
the inundated state of the country where hostilities are
expected to commence with vigour. Money matters are
comparatively easy again, liberal arrivals of the precious
metals liquidating the outgoings without making inroads
of any moment on the bullion in the Bank chambers.
Consols fluctuate, and close to-day at 911 quietly. The
decline in the week is Hd on fair, down to id on ordinary
qualities, and at the extreme depression there seems more
inclination to extend transactions yesterday and to-day;
the market closes, however, with abundant offerings, and with
estimated sales of 7,000 bales, 1,000 to speculators and ex-
porters, within the range of quotations. The total sales of the
week, including what has been forwarded from the ship's
side, amount to 38,330 bales, of which 30,790 are American. '
Speculators have taken 200, and exporters 4,000, leaving
31,130 bales of all kinds to the trade. The import for same
time is 42,811 bales, of which 32,531 are American. The
quantity known to be at sea from American ports is about
280,000 bales. PRICES TO-DAY :
New Orleans Fair, 7P Middling, 64d Ordinary, 4 dto sid
Mobile 7d
SP „ 4 d to 554 d
Atlantic „ 6/d 64d „ dto 5/d
Total taken for consumption, 1859, 815,760 bales.lBsB, 852,0 0 bales.
„ export (actual) „ 100,965 „ , 74,467 ,
American Brazil Egyptian E. India W. India. Total.i
Stock this day... 501,720 12,600 24,640 44,970 580 584,410
Same time, 1858.496,260 15,410 14,010 57,700 2,660 586,140
Messrs. Edward Jardine and Company, in their
circular, say : •

cautious resery

Our market throughout the week has been extremely
depressed, the trade limiting their 'purchases to their merest
requirements, and as holders have freely offered their stocks,
prices-have naturally given way, and are again reduced to
the quotations current on the 6th instant, excepting middling
Orleans, which are unchanged from this day week.
Egyptiaii,' Brazil, and Surat have all partaken in the
general decline, and are 4-d. to 1-4,d. down.
The Liverpool Share Market has again been very
quiet, and, with a small amount of business, prices
remain nominally the same as yesterday, the sales
being :—East Lancashire 91. shares, a d ; Lancashire
and Yorkshire, .85 c, 42, 41; London and North
Western, 861 ; Midland, 9311-, 931 ; South Eastern',
181, 18 5-16. Very little business waS reported after
official hours, the only transactions being in Manches-
ter, Sheffield, and Lincolns at 33, and South-Eastern
and Dovers at 181 to 18 5-16. The final closing prices
-Blackburn, 11i, 11 ; Chester and Birkenhead,
.01, 60; Caledonian, 731, 7411; Eastern- Counties, /OZ-,'
10-1 ; East Lancashire, 83, 85 ; Great orth-
ern, 94, 96 ; Ditto A., 79, 81 ; Great
Western, 51, 511 ; Lancashire and Yorkshire
Stock, 84+, 841; London and North-Western
Stock, 851, 868 ; Ditto one-eighth shares; 2 1-16,
2d ; Manchester, Sheffield, and Lincoln, 33,
331; Midland Stock, 93, 931 ; North British, 51,1,
52!3- ; North Staffordshire, 4+, 4:4 d; North Eastern
--Berwick, 831, 841; York and North Midland, 67+,
681 ; Leeds Capital Stock, 42, 43; South Eastern
and Dover, 18 5-16, 18+ ; Dutch Rhenish, 71, 7R d ;
Great Western of Canada, 131, , 13+ ; Do. New
Shares, 71, 7d; Great Luxembourg, 4 13-16, 4+ ;
Giand Trunk of Canada, 71, 7+ ; , Lombardo-
Venetian, 3, 21- d; Do. New Shares, 31, d.
In the Liverpool Salt Market, a very good demand
has existed for the last fortnight, and • the trade
generally' is brisk. Prices have improved, and as
supplies will come short for the next' two or three
weeks, owing to the River Weaver going off to-day,
higher prices may be anticipated than the present
quoted ones. " The, present quotations are : —Com-.
mon Salt, ss. 6d. ; Rough Ditto, 6s. 6d. to Bs. 6d. ;
Stoved First Class, Bs. 6d. ; Butter Ditto, 6s. 6d.
The Corn Markets are losing some of that extreme
buoyancy recently prevailing. In Liverpool to-day
the attendance at the Exchange was only limited,
and a small business was the result. Holders of
Wheat showed a disposition to give way in price to
the extent of from threepence to fourpence per cental,
and Flour was fully fourpence cheaper. Other
articles in proportion. The business done at Wake-
field to-day was small, but prices were generally the
same as those current on Friday last.
In Manchester, orders for Goods and Tarns are
expiring, and being only partially renewed, the
buyer has the adVantage in prices. India merchants
pause in their purchases pending the uncertainty of
the additional duties imposed by the Eastern
governnient, and for other quarters operations are
entered upon cautiously, and only in small con-
tracts. The 'decline in Yarns ranges from id to lid
per Ib, at the same time that the raw material has
receded about Id per lb average.
The Liverpool Produce .Markets have again been
very quiet all the week. In Ashes sales are limited
to 200 barrels, at 31s to 31s 6d for old Pots, and 33s
for new, and 31s 6d to 32s for Pearls, per cwt. Bark
:is in very small inquiry, at 6s to 7s for Baltimore,
and 9s.for. Philadelphia, per cwt. For Cloverseed, a
speculative demand has cleared 700 bags at'4Bs to
50s per cwt. Small sales in Lard are reported at
60s to 62s per cwt., as in quality. About 50 tons
Linseed Cake, fine thin oblong, found buyers at 9/.
per ton. Retail transactions in Rice at 21s to 23s
6d per cwt. Rosin is in. improved request ; 4,000
barrels, chiefly common; at 4s to 4s 2d per cwt.,
from the quay and to arrive, have changed hands ;
the finer qualities are difficult to move at nominal
prices. Tallow is firm ; sales 200 barrels at 57s per
cwt. 1,000 barrels Turpentine, rough, of good
quality, brought 10s, and 250 barrels Spirits 43s to
43s 6d per cwt.

were :

The Liverpool Wool Sales have terminated this
evening . The quantity offered to-day was 719 bales,
by Mes Sis. T. and H. Littlatale and Co., and 2,502
by Messrs: Hughes and Ronald. The two cata-
logues comprised 1,243 bales of East India, the
whole of which found buyers at the full currency of
the present series. Some Buenos Ayres, Chili, and
Peruvians were withdrawn. The quantity of Wool
offered at this series was 21,076 bales.

The London Stock Market continues in a com-
plete state of stagnation, and to-day, there has been
scarcely any business done. Prices nominally remain
without change, and 'finally closed this afternoon as
follows -- Consols for Money, 911, 911: Ditto .for
Account, 91-4-, 91'4 ; Exchequer Bills, 20, 24; Three
per Cent. Bank Stock, 901, 901.
The London Market for Railway Shares also
ce of business,
prices mu it he regarded as nominal. They closed
to-day as follow: Ambergate, Nottingham, and
Eastern Junction, 51, 5 ; Caledonian, 731, 74 ;
Eastern Counties, 52, 521; East Lancashire, 83, 841;
Edinburgh and Glasgow, 68, 70; Great Northern,
941, 951 ; ditto A, 75, 77 ; Great Western, 501, 51;
Great Western of Canada, 13.4, 131 ; Grand Trunk
of Canada, 7;1, 7q ; Great Southern and Western,
100, 102 ; Lancashire and Yorkshire, 841. London
and North-Western, 851 ; London and South-Western,
861; Leeds Northern, 424 ; Manchester, Sheffield, and
Lincolnshire, 33; ; Midland Stock, 931 ; North
British, 511 ; South Eastern and Dover, 614 ; York,
Newcastle, and Berwick, 84 841 ; York and North
Midland, 68, 691.
The steamer Pera, with the heavy portion of the
Australian, Calcutta, and China mails, has arrived
at Southampton, and the letters will be delivered
here to-morrow (Saturday) morning.
The Discount Market remains quiet, an 4 super-

abundantly supplied with money', First class bills
are negotiated ito I per cent. be; the bank
minimum.

The residue of the £172,600 in gold by the furd,
from New York, was purchased yesterday for expor-
tation. No gold operations took place at the bank.
The Bombay Exchange presents no alteration of
importance.

It is understood that Government will almost
immediately put forward a public notification
inviting tenders for the conveyance of the Australian
mails, via Panama, in addition to the contract
now in course of performance, via Suez, by the
Peninsular and Oriental Company. Attached
to the " conditions" of tender for the latter
contract, which was adjudicated last October, was the
following nota bene :—" It is to be observed that as
soon as arrangements are completed, it is the in-
tention of the Government to call for tenders for a
monthly steam communication with Australia via
Panama, in addition to the service via Suez." The
delay that has occurred is, we believe, in no small
degree attributable to the absence of a definite under-
standing with the Government of New Granada, re-
specting the sum to be paid for the transmission of
the mails across the Isthmus. The affair has now,
however, arrived at so advanced a stage that the
" conditions" of the new contract are framed.
It is said that three companies propose to tender :-
1, the Royal Mail Steam Company ; 2, an English
Company, organised some time ago, in which Messrs.
Peto, Brassey, and Co., are said to be concerned;
and 3, a New York Association. The sooner the
negotiation is concluded, and the new service
actually commenced, the better for all interests
connected with the colonies. Should the two
contracts be efficiently performed, a fortnightly
service may practically be secured.
The extraordinary stagnation of business tends to
prejudice-the Funds. The purchases on tha onrt nf the

s were

public have slackened, ana levy
effected to-day. Prices have consequently given way
to the extent of kto a per cent. The Stock Ex-
change continues to wear a very
In the other • •

,ransac

importance, prices of most classes of securities were
nominally unaltered. The Discount Market remains quiet,
and superabundantly supplied with money. First-class
bills are negotiated half to three-quarters per cent. below
the Rank minimum. A further amount of £258,000 in
specie has arrived to-day from the West Indies and America.
including 27,000 pounds in silver. The demand of cold
tF C

cc ~ontinent continues active, and these supplie.sawillbe
sent away. No gold operations took place at the Bank.—
Daily News City Article, Thursday Evening.
The English funds opened with firmness, this morning,
but subsequently experienced a decline, from which there
was no recovery. The eight large steam vessels of the
European and American steam Company have at length
been definitively purchased on speculation by Mr. J. 0.
Lever and Mr. Thomas Howard, of Manchester.—Times
City Article, Thursday Evening.

BANK OF ENGLAND RETURNS.

ISSUE DEPARTMENT.
L. CREDIT. £
31,020,385 ` Government Debt 11,015,100
Other Securities
Gold Coin andother 1
16 545 385
Bullion

Notes issued

BANKING DEPARTMENT

£31,020,385

DEBIT. • CREDIT.
Proprietor's Capital. 14,553,000 I Government Secu-
Rest
5,282,313 I Other Securities 19,558.132

Public De

ler Deposits
r.9-day 8c other

17,290,940 Notes 9,631,090
778,547 Gold and Silver Coin. 650,583

£41,121,181 I Total £41,121,181
Compared with the returns of the previous week,
the above shows the following results :
s £
Active Circulation... 20,411,195—Decrease
Bullion
Rest
Seven-day & other 1

Bills
Public Deposits
Other Deposits
Government Secu-

778,517--

Decrease

5,232,313—1ncrea5e
17,290,940—1ncrea.5e

414,833
144,008

rities
Other Securities 19,558,132--Decrease
Notes unemployed... 9,63l,o9o—lncrease 595,015
Cash to liabilities
per Mil
Rate of Interest, 41 per cent. No change.
FOREIGN EXCHANGES.
11 ... 12} to 11 ... 13
11 15 ... 11 15
11 .. 15 .. 11 .. 151
25 25 ... 5

Amsterdam Short
Ditto, 3 months

Rotte'rdam
Antwerp .
Brussels...,

Tiamburgh

Paris Short
Ditto, 3 months
Marseilles
Frankfort
Vienna

St. Petersburg
Madrid ..

25
25
1154
14
14
31i
481

- nn
20 ... 14
20 14

MANCHESTER TRADE REPORT —➢iAY 20.
Since Tuesday we have had more doing both in cloth
and yarn ; the whole, or nearly so, on Eastern account.
In yarns suitable for the Eastern markets, a considerable
reduction from the highest point has been submitted to,
varying, according to numbers, from lid to 2d per lb. The
German qualities are almost unsaleable.

LIVERPOOL PRODUCE MARKET,

MAY 20

Colonial, &c.: The business in Sugar is confined exclu-
sively to West India, of which 130 hhds Antigua have been
sold at 375 6(1 to 41s 3d, 300 hhds St. Lucia at 36s to
41s 6d, and 30 hhds Demerara at 37s 6d to 39s 9d per cwt.
The business in Molasses is confined to 100 puncheons
Trinidad at 14s 6d per cwt, and nothing doing in Rum.
At auction, 130 bags Ceara Coffee, part all faults, realised
45s Gd to 48s 6d per cwt for sound. The Rangoon and
Carolina Rice offered to-day. was not sold, and we have no
transactions to notice by private. In Dyewoods, 10 tons
Honduras Logwood at £5 ss, 20 tons St. Domingo ditto,
all faults, at £3 17s 6d, 35 tons Jamaica at £3 15s, 10 tons
Jamaica Fustic; all faults, at £5 ss, and 50 tons Spanish
ditto, at £4 15s per ton. Of Ashes, small sales of Pots at
32s 6d. Nitrate of Soda quiet at 15s to 16s per cwt.
Nothing further to notice in Saltpetre. 20 tons

reported at 15s per ton for best seconds, a little done in
grey Tartar at 105 s 6d, 50 bags Cutch at 94 6d, 2,700 bags
Baltimore Bark at 6s 6d, .witha little Philadelphia at 9s 6d
per cwt, and small sales of Negrohead and Ceara scrap India
_Rubber at is 5d per lb. Oils, 4.c.: Palm at £45, :15 tuns
Linseed sold at 30s 6d in export casks, Tallow unchanged,
nothing to notice in Rosin, and some Spirits of Turpentine
sold (to arrive) at 42s per cwt. We have further to report
700 bags Bombay Linseed at 52s per quarter, and 15 tons
Bones at £5 2s 6d per ton for legs.

LIVERPOOL COTTON.MARKET.---MAY 20.
The depression noticeable in the Cotton Market at the
date of our last has continued, without abatement, through-
out the present week. With a limited trade demand,
speculators and exporters b

ar€

rumen LIM (Myer. Yesteraay rather more
business was transacted, partly induced by the low rates
accepted, which are from id to id per lb lower than the
currency of last week for American quotations. Brazil
and Egyptian dto id per lb lower; Surat nearly sd•uer
lb down. The weekly sales are 38,330 1-1— --- '-
are on speculation and 4,000 for export

TILTS WEEK

Import. i Sales. I

This Week.. I Mid. Fair

32,083 510 Sea Island 8
t 7,150 Upland 4
9,150 Mobile 5
30.44 R / 13,980 New Orleans
2,030 Brazil

6 6-16
7t 6 7-16

2,060 Egyptian 7
40 West India . G

62
1 497,930

7S! 11,260
741 24,690

LIVERPOOL CORN MARKET---31Av 20- •
This morning's market was slenderly attended, and the
trade ruled very dull. Had offers for wheat been made,
rather lower prices would have been taken. Oats, beans,
and Indian corn must be written very quiet ; barley firm.
Sack flour and oatmeal neglected, and the turn in value in
favour of buyer. American oaty red wheat 6s to 7s 2d;
French red 7s 4d to 8s ; white 8s 3d to 8S 6d; Danzig 9s
to 10s per 701bs. ; yellow and mixed maize 34s to 365, and
white 40s to 428 per 4801bs ; Scotch and foreign 4s 3d to
4s 6d per 451bs ; feeding barley 4s to 4s 6d • per 601bs;
Egyptian beans 47s to 42s per 4801bs ; peas 45s to 48s per
5041bs ; linseed 558 to 563 per imperial .quarter ; barrel
flour ranges from 25a to 30s per 1961bs ; sack flour from
36s to 44s per 2801bs; oatmeal 306 to 33s per'24olbs ; Irish
red wheat 6s 7d to 7s 7cl; white 7s Id to 8s 5d per 701bs ;
oats 3s 1001 to 4s 2d per 451bs. FOWLER & FitEAN.

LIVERPOOL PROVISION MARKET.--May 20.
At P, reduction of 4s. to 10s per tierce, as in quality, ;up