Northern Times.
Liverpool, Merseyside, England, 1859-06-29 00:00:00

THE,NORTHERN TIMES WEDNESDAI, JUNE 29, 1819

MONETARY AND COMMERCIAL.
LIVERPOOL, Tuesday Evening.
The Cotton. Market remains in a quiet but firm
conditon. A fair business is doing, and prices are
well supported. The sales to-day were 6,000 bales,
including 1,000 on speculation and for export. The
Manchester Market was steady to-day, producers
engagements preventing execution of orders within
a reasonable period.
In the Liverpool Share Market to-day, business
was dull and prices were hardly so. firm. The trans-
actions reported are :-Chester and Birkenhead, 74,
711 ; London and North Western, 90, 89, 891;
Midland, 99 ; Dovers, 205, 20 3-16, 205 ; Great
Luxembourg, 51 ; Grand Trunk of Canada, 81
Liverpool and London Fire and Life, 71 p.
The following were the closing prices : -
Chester and Birkenhead 74, 741 ; Caledonian,
79, 791; Eastern Counties, 115, 111 ; East
Lancashire; 88, 89 ; Great Northern, 98, 99 ;
Great Western 541, 551 ; Lancashire and York-
shire Stock, 91, 91*; London and North Western
Stock, 89*, 90; Ditto one-eighth shares, 11, 1 11-16 d;
Manchester, Sheffield, and. Lincolnshire, 35k ;
Midland Stock, 981, 99 ; North British', 54,
54* ; North Staffordshire, 41, 4 d ; North Eastern
-,--Berwick, 88, 881 ;, York and North Mid-
land, 711, 72 ; Leeds Capital Stock 44* 45; South
Eastern and Dover, 20-k, 20 3-16 ; Buffalo and Lake
Huron, 4k., 5q ; Dutch Rhenish, 61, 61- d; Great
Western of Canada, 141, 141 ; Do. New Shares,
6, 51 d ; Great Luxembourg, 5 7-16, 5 9-16 ; Grand
Trunk of Canada, Ba, ; Lombardo-Venetian,
11, 1d ; Do. New Shares, 11, 14 d. Annexed are
the continuations paid :-Chester and Birkenhead,
; Caledonian, al ; Eastern Counties, 74d, 6d;
Great Western, k; Lancashire and Yorkshire,
evn 1-16 con..; London and North Western, 1, 1-16,
3-16; Do. one-eighth shares, 6d, 64d, 8d; Man-
chester,
Sheffield, and Lincolnshire, is 6d, is 1-16 d ;.,
Midland Stock, 1-16, 3-16 ; North Eastern
Berwick, 3-6 • York
' and North l-; South
Eastern,• 9d, 71d, 6d; Buffalo and Lake Midland,uron, 4d;
Dutch Rhenish, 72d, 6d, 7d; Great Western of
Canada, 7d, 9d, ls ; Ditto New shares, 7d; Great
Luxembourg, 4d, 31d ; Grand Trunk of Canada, 6d;
Lombardo-Venetian, 6d, sd.
In the Produce Markets there is no change to
notice. The Sugar market is quiet, the business
being confined to 45 hhds. Antigua at 395. to 395. 3d.,
and 400 bags Benares at 425. to 435. per cwt. We
have nothing to report in Molasses, Rum, or Coffee ;
there was no bid made for the St. Lucia Cocoa offered
at auction. The sales in Rice consist of 2,300 bags
Bengal at 10s. 3d. per cwt. ; nothing further has
taken place in Saltpetre. The market for Jute is
quiet, and of 3,000 bales offered at auction, only 750
found buyers, at 171. to 211. 17s. 6d. per ton. We
have also to report a small lot of Jamaica Ginger at
3/. 16s. to 51. per cwt., 250 bags yellow Mustard
Seed at 345. 6d. per quarter, and 50 tons Harwood at
31. 2s. 6d. per ton.
The Wheat Markets of the United Kingdom, at
the close of the past had nearly recovered the decline
of the previous week ; there was a better disposition
to purchase, and generally a• more healthy trade ;
Mark Lane, however, scarcely responds to the
improvement in the country, and should the weather
continue favourable at the present critical period,
and no prospect appear of other European Powers
becoming involved as Principalsin the War of Italy,
any further amendment of value must be very
gradual ; on the contrary, as prices, under all cir-
cumstances, may he considered moderate, they would
he easily susceptible of an improved influence through
causes at all adverse to the prospects of harvest,'
either here or in the Continental countries upon
which we are accustomed to depend for regular
supply, as well as through causes of a political
character ; the trade,- in the mean time, does not
seem confident of going into stocks, which in the
hands of consumers are' light, while those in the
possession of growers are still considerable : the
French markets report prices rather easier, but
scarcely in any instance within range for business
with this country ; the northern ports of Europe are
altogether too high. Business here, since Friday,
has been restricted to moderate transactions -for
consumption, without change in the value of any
'article. -Our arrivals during the last seven days are
nearly 45;000 quarters foreign Wheat,' 17;000 sackS,
-Flour, with a few thousand quarters of Indian Corn.
and Pease; the exports are quite limited.
During the last day or two increasing firmness has
been imported to the Money Market, by the provi-
sions now being made, not' only for the liquidation
of half-yearly accounts, but also for several ; heavy
payments' connected with railway capital, which in
the aggregate absorb rather a large amount. The
previous quietude of the market rendered an in-
creased demand immediately apparent ; but, although
the terms required for the negotiation of mercantile
securities may be fractionally higher, the actual posi-
tion of monetary affairs may be said to remain un-
changed. The Joint-stOck banks and discount houses
are still enabled to secure nearly,the whole of the
commercial paper brought into the market, because
the immense resources at their command enable them
to charge rather less than the Bank of England,
although the minimum is only 3 per cent. BeyOnd.
this temporary extension of demand, there is no
feature of novelty to comment upon in connection
with the Money market.
The Market for the Public Funds and Securities
opened at yesterday's closing prices, and finished
weaker on the advice of a decline in Paris. The fall
in London to-day was about 1 per cent., Consols
closing at 924 to 921 ; Exchequer Bills, 22 to 25 ;
Bank Stock, 219 to 221 ; arid the New Threes at
92',1 to 93. Foreign Stocks began steadily, and
closed better.

At the opening, the London Railway Share
Market was steady, but it afterwards became dull
and weaker, closing as follows : —Ainbergate,
Nottingham, and Eastern Junction, 5',4, 5,74 ; Cale-
donians, 79, 794 ; Eastern Counties, 554; 56 ;
East Lancashire, 87, 89 ; Edinburgh and Glasgow,
70, 71 ; Great Northern, 984, 994 ; Do. A, 80, 81 ;
Great esterns, 544, 55 ; Great Western of Canada,
14T-, ; Grand Trunk of Canada, 9,9,1 i ; Great
Southern and Western 104, 105; Lancashire and
Yorkshire, 91, 914 ; London and North' ;
Western,
891, 901 ; London and South Western, 90, 91:1
Leeds Northern, 44, 44*; Manchester, Sheffield, and
LinColnshire,' 354, 36 ; Midland Stock, 981-, 99;
North British, 544, 55; South Eastern and Dover;
67, 67+ ; York, Newcastle, and Berwick, 88, 88+ ;
York, and North Midland, 71, 721.
Respecting the Wool Trade in Scotland, the cir-
cular of Mr. M'Leod, of Glasgow, says :
" There has been a fairish business done during the week
in the wool trade, and the prospect of brisk sales and good
prices are better than they have been for some time past.
White worsted goods are in good reqnest, and are in some
instances advancing somewhat in price. There is not much
inquiry yet for laid wools, as the' spinners are, in many
cases, waiting till the Inverness fairs in July, which will to
a certain extent fix prices. Foreign wools are not changed,
prices remaining about an average."
Respecting trade in the north of Ireland, our Bel-
fa.st correspondence is to the following effect :
"The linen trade for the six months now about to close
would have shown a most satisfaCtory amount of business in
all departments of the staple industry had it not been for
the influence which the Continental war has produced on
the transactions with that portion of Europe. As it is, the
half-year will end pretty satisfactorily as relates to general
demand for goods in the finished state. Throughout the
entire period the demand for the home trade has kept on the
advance, and at present there is a healthy action for the
goods which more especially form the chief lines taken
into consumption. Of stocks of all qualities and degrees
of fineness there are not large quantities held ; bleaching
operations, which had been interfered with in some
cases by the dry weather, are now in full play. Greater
facilities of sale have been enjoyed by the holders of goods
in- the brown state. For some descriptions higher prices
are sought, and as the extent of supplies thrown on the
public markets for4some weeks past has barely equalled
demand, increased values have been obtained for the lower
ranges of reeds. The market of Lurgan, on Thursday, was
much more active, and lighter fabrics met free purchasers.
In the fancy goods trade the sales have continued fair, as I
well for damasks as diaper; and sets of- lawns suited to the
printfield are largely taken off. Power-loom linens exhibit
considerably decreased stocks, The aspect of the market