Northern Times.
Liverpool, Merseyside, England, 1859-05-12 00:00:00

THE NORTHERN TIMES THURSDAN., .MAY 12, 1859

—(hear, hear),—but he did net say he was oppose 4 to it;
still he must look it straight in the face. A rate of 2s in
the pound was proposed for thirty y ears; bat take the
out-townships, Toxteth-park, for instance,—and they
would find a rate there of Os in the pound, and
if 2s were' put to ss, there 'gas n third of the
whole. He would not detract from the gentlemen
connected with the matter that degree of popularity which
they had obtained for their public spirit in the movement
which had been made. He rose not to say a word against
the suggestions. He thought them good, but he thought
the question was so difficult in its nature that they should
not pledge themselves to anything. He would like to have
seen the chairman and the depute-chairman of the finance
committee, an to hear from them what prospect 'there
would be of obtaining the cost of this improvement
from the surplus revenue. Re was afraid they
would tell them there was nu such surplus. The members
of the health committee had suffered great inconvenience by
the time of their officers being taken up in making these
calculations. He hoped, as these plans were not being
carried cut, that they would he very -chary in acting. He

that "boulevard'" meant 44 bithirark "-he would call the
attention of the,onuncil to an instance of a similar project
being. carried into effect in his own native city, Dublin.
The Circular-read round Dublin was similar in character to
the proposed Iloulevard ; and 'at most hours, and almost
every day, .a park of artillery might be discharged there
without dosg harm to any one. (Laughter). A man
might graze his horse upon that road. (Laughter.)
Mr. Eagle did not think the instance was at all a
parallel one. He was sorry that Dublin was a town rather
declining than otherwise, while Liverpool was growing
every day.

'r. Riley said, as Mr. Shell had told them what one
penny #n the pound would produce, now he should like to
ask that gentleman what it produced seven years ago. The
increase up to the present time would be a guide to
enable the council to conjecture what the progress for the
next seven years might be calculated to be.
Mr. Shell said he was not prepared to answer that ques-
tion off hand. He suggested that Mr. Ryley should move
for a return.

would suggest the-first step to he taken was to ask till public
out'of doors their opinion on the matter. He retninded the
counal of the great unpopularity of the Rivington scheme,
and bre had heard it said if the public .had been consulted in
that matter such things would not have occurred. He hoped
the public would have an opportunity of expressing their
Ipirions at a public meeting to he called ; because, after all,
nave to pay. He didnot think that a halfpenny
less than 2s in the pound world be sufficient, but he did not
rise to throw cold water on the plans submitted.
Mr. Steains reminded Mr.Doverofhishavinmsaidthat each
member of the council was responsible for his own state-
ments; and he had never heard stranger statoments, except
those of Mr. Dover on the education question at the last
council. He talked about a.rate of 2s. in the pound, and a
million and a half of money at 4 per cent. Now, 10d. in
?the pound gav'o, £65,000. His experience on the library
and museum committee taught him that Id. in the pound
produced a rate of £6,530. This proved that a 10d. rate
would realise £65.000. which was more then the einmrnt

Mr. Jeffery said the present amount might be taken in
round numbers •at £6,000. He believed he should be
tolerably correct in saying that it was about £4,000 seven

- -
years ago.
After some further conversation the motion, as altered by
Mr. Bennett, was put to the vote, and carried unanimously.
The council then separated.

0

MONETARY AND -COMMERCIAL,

LIVERPOOL, Wednesday Evening.

The tone of the Liverpool Cotton Market has
been rather quieter to-day, but still a moderate
amount of business has been done, the sales reaching
7,000 bales, the whole of which have been taken by
the trade. Prices remain the same as yesterday.
The Liverpool Share Market has been quiet to-
day, and prices

though nominally the same as
yesterday, were barely so firm, as in instances where
sales were made a slight reduction from the nominal
quotations had to be submitted to. The transactions
were :—Blackburn, 111; Eastern Counties, 101 ;
Great Western, 51 ; Lancashire and Yorkshire, 85k,
851, 851, 857„ 851, 851 ; London and North
Western, 861, 862-, 861 ; ditto one-eighth shares,
1 15-16 d ; Manchester, Sheffield and Lincoln, 3317
Midland, 931; South Eastern, 181, 18 5-16, 181,
18 5-16; Dutch Rhenish, 7 d; Grand Trunk of
Canada seven per cent., 1872, 61; Only two
transactions were reported after official hours,
and comprised—Lancashire and Yorkshires at
851, and London and North-Western quarters at
1-31, 32 d. The final closing quotations were :

AIL 1. UclluLy atialt nu tloa:pit, LUC question, or money was
to be abstained from being entered upon at all, or he would
have gone more fully into the matter when speaking a few
moments ago. Mr. Dover had talked about a million and a
half of money, but, he asked., what was to be done with
it. Had Mr. Dover studied the plan on the table ? He
had not done so, or he' would not have made this statement.
'ln the north end of the town, improvements were being
made by Lord Derby, which were included in the plan
before them, and they had reason to believe that a great
many of the improvements marked by the red lines,
would not cost them a penny piece. 20. in the pound
would provide a sinking fund, which, in 30 years, would
amount to £30,000, a 14-1 rate would produce £15,000, and
at present they were paying 2d. in the pound for watering
the streets. It was known that Mr. Dover had scarcely the

organ of hope in his head, but the organ of despair was'very
largely developed. He did hope that the council and the
public would not anticipate what the improvement
committee would do. The object of the meeting was to
elicit from every member their opinion, and he hoped
the work would not be done by piece-meal.
Three councils since there was an application made that
certain improvements should be carried out in Wakefield-
lane, Everton. One hundred pounds was sanctioned by the
council to be expended in that improvement; that improve-
ment had not been carried out. He took the trouble to
inform himself with reference to the proposed improvement,
and he saw that that was the moment to make such an
improVement. Land was to be bought at lOs a yard, and
one man was giving up front land at that price, which it
had cost himself. He asked the chairman of the finance
committee if the money he was asking would be sufficient,
and he said £lOO would do it. It had come to his know-
ledge only the day before yesterday that it had not been
completed, and huge buildings were now being erected on
the ground, and would the

Blackburn, 11i, 11 ; Chester and Birkenhead, 60, 61;
Caledonian, ! 731, 74 ; Eastern Counties, 10Z,
101 ; East Lancashire, 83, 85 ; Great North-
ern, 94, 96 ; Ditto A., 79, 81 ; Great
Western' 501, 51 ; Lancashire and Yorkshire
Stock, 851., 857, ; London and North-Western
Stock, 86.4, 86:4; Dtto one-eighth shares, 1 15-16,
14 d ; Manchester, Sheffield, and Lincoln, 331,
331; Midland Stock, 93, 931 ; North British, 51,
511 ; North Staffordshire, 4Z-, 4 d; North Eastern,
--Berwick, 831-, 841 ; York and North Midland, 671,
68 ; Leeds Capital Stock, 42, 43; South Eastern
and Dover, 18 5-16, 18 ; Dutch Rhenish, 7, 6-,2, d;
Great Western of Canada, 13!, 13; ; Do. New
Shares. d ; Great Luxemb- 4

prevent possibility
of carrying out the improvement at such a trifling cost.
He thought the committee should not have allowed the
time to pass by in silence for a small paltry sum of £5O,
which was all that was required, in addition to the £lOO, for
such an improvement. This might be taken as an illustra-
tion of what delay might cause. He did pray, therefore,
that Mr. Dover would be good enough to keep his doubts
and his fears to himself, and not come there having the mul-
tiplication table without understanding subtraction.
-IVlr..Earle was not at all surprised at the remarks of Mr.
Dover. If Mr. Dover were induced to approve of a bou-
levards 'at all, his views would probably only extend to a
boulevard about the width of School-lane. (Hear, hear,
and laughter.) Mr Dover had said that the first thing to
be considered was the cost. Now there was another thing
to be considered frequently before the cost, and that Was
the necessity. (Hear, hear.) If they delayed doing what
was absolutely necessary to be done, they would have a great
deal more to pay for it in the end. He regretted extremely
that Mr. Stewart was not present upon that occasion. Per-

Juig, g, 5; Grand
Trunk of Canada, 7 71 ; Lombardo-Venetian, 21,
d; Do. New Shares, 3, 21 d.
The Liverpool May Wool sales commence to-
morrow (the 12th). The total quantity to be offered
is 21,500 bales, of which the following are the
particulars :

At 4 o'clock. E.lndia
May 12.1 T. &H. Littledale & C 0.1200(

Sundries.
450IChili,Russian, Egyp-

At 2 o'clock.
John.L Bowes & Brother 1000
May 13. At 4 o'clock.
W. Greame and Co.
Malcolm Greame
May 14. Hughes and Ronald .• •
May 10. T..& H. Littledale &Co
Malcolm Greame

.tiara,

800 English Skin&Fleece
200 Ditto.

May 17.1 W. Greame and Co

I 7001 Unwashed Oporto,
fjinla,EgYpt.

( Perkins and Robinson

( Washed Oporto, B.
1050 Ayres, Peruvian,
Turkey, &c.

haps he had taken alarm at the extent of the improvements
which were suggested. (Laughter.) He hoped he had not
taken to his bed.

3rowne,&

E. Buckley

not Unwashed Chili,
Oporto, &c.
40 Turkey.

Maw 191 Diowne, Hunter, & Co. 11800

Mr. Tobin : I do not think that, in the absence of Mr.
Stewart, any views ought to be put into his mouth. Ido
not think it is right either to anticipate what his opinions
may be, or to presume as to the cause of his, no doubt,
unavoidable absence. (Hear, hear.)

May 20. T. &H..Littledale &
May 201 Hughes and Ronald .... 700

Chili, Russian,
1500 Oporto, B. Ayres,
Odessa Seoteh,&e.

The London Wool Sales continued to-day, Messrs.
Balme have sold about an average quantity. Good
and fine samples were in somewhat improved
request, at full quotations, but inferior kinds went at
fully the decline already noticed.

Mr. Alderman J. H. Turner : He is engaged in hearing
appeals.
Mr. Earle had no doubt whatever, that Mr. Stew-
art's absence was unavoidable, arid - only regretted
that he was not present that day. (Hear, hear.)
He had no doubt whatever, in seriousness, that Mr. Stewart
would lend a willing ear to the consideration of these
improvements, and he hoped - that the proposals might
secure his approval, as his position with regard to Lord
Sefton, and his great influence with Lord Derby, added to
hiS own personal talents and influence, would render his co-
operation of the utmost value. (Hear, hear.)
Mr. Dover said the gentlemen who recently spoke either
misunderstood or affected to misunderstand him. He bad
not protested against the plans. All he asked was. for
caution and delay. He asked that the council
might not be put .to too great expense, and
that delay might be allowed in order to enable the public
out of (hors to understand the subject, and to have an
opportunity of judging for themselves whether any of the
great schemes proposed could be carried out.
Mr. Bennett said, if there were any gentlemen in Liver-
pool who ought to be in favour of town improvements it
was the chairmen of the health committee. (Hear, hear.)
The vast sanitary improvement which would be gained by
carrying wide and open streets through now - densely
crowded portions of the town would be immense.
(Hear, hear.) Another thing which the chairman of
the health committee would like to see, would be a penny
rate producing, not merely as now £6,500, but double that
amount—Xl3,ooo.- (Hear, hear.) If the proposed expenditure
of one and a-half millions were carried out, he had no -
hesitation in saying, that a penny rate would yield nearly. 7Z-. 'l;',.,
double the amount it did at present, for they would have The Traffic Returns made up to-day for the London
splendid property erected upon sites at present yielding and North Western Railway shows the receipts to
almost nothing. (Hear, hear.) He was almostas sanguine have been 66,5251., being an increase of 3,0231.
as Mr. Gardner, in believing that it would be pecu- Lancashire and Yorkshire, 24,021 ; increase, 56/. ;
niarily the policy of, the council to carry out
Manchester and Sheffield, 10 738/. ' • increase, 1,088.
the proposal. He believed they would be raising
'
up an amount of property so great, that, instead of having The Grand Trunk Railway Company of Canada
higher rates, they would have lower rates, because the return for the week ending 16th April, and corre-
amount raised by certain rates would be nearly double sponding, week, 1858, shows the receipts to have
what it was at present. (Hear, hear.) One and a half been 9,6501 Os 6d, against 10,1411 14s 51d last year ;
millions had been already spent by the health committee showing a decrease of 4911 13s 111.
under ground in sewering during the last few years, and We have another arrival to-day at this port from
nearly the same amount above ground, making three millions Australia. The Morning Star has arrived, with
in all. Now, if the enormous improvements shown upon 32,732/. in gold from Melbourne. Her dates have
the present plans were undertaken, he had no hesitation been anticipated by the Great Britain.
in
benefiting the to wg that for
would one and
ten-fo a half mthat illion which
the result in • The quarterly sales of Indigo commenced- yesterday
tn be ld had been
produced by the expenditure of the sums he had afternoon, and the quantity to be offered for public
mentioned. Mr. Dover was wrong in his figures—just ' competition (tinounts to about
11,664 chests. The
wrong in his deductions, and very short-
sighted in his general expectation that, owing to the unfavourable
policy. (Rear, hear.) state of foreign political affairs, prices would show a
. Mr. Sheil said, it was right that the public should not be downward tendency, has been fully realised. A large
led astray upon the figures. He begged leave to tell them,, quantity has been withdrawn, and the few lots sold
as a matter of fact, -obtained from his experience in the went at a reduction of 6d to is per lb., according to
health committee, what a penny in the pound would produce quality, compared with the rates current at thelast
upon the borough and the out-townships. It would 1 sales. During the progress of the sale 2,526 chests
I were withdrawn, and 434 sold, chiefly Kiiipalis and
just produce £5,720. That was what it produced
under the sanitary act, and .he supposed it Madras qualities,
could not be made to produce much more under
A special meeting of the Geelong and Melbourne
any other act. He thought the public ought to be
Railway Company was held to-day, at which Mr.
based upon the estimate, laid before them. They had had
very cautious, and the'council also, -in coming to a conclusion
Potter presided, and stated that they were called
strong instances to show how delusive such instances were. together to consider the terms of purchase made by
He was a member of the first committee for the erection the government of Victoria, for taking over to them-
of St. George's Hall, and the original estimate selves the Geelong and Melbourne Railway. The
laid before them was. £85,000. The building had cost conditions were read, and were to the effect that the
£320,000, and it was not yet completed. He did not mean government be authorised to offer in exchange for the
to say thatthecstimatesnow beforetbem were equallyfallaeious entire property of the company, Railway Debentures
forming part of the sum of £8,000,000, already
railways.
authorised by Parliament, for the construction Of
but he contended that that fact showed the necessity for
prudence and caution. He complained that great incon-
venience arose to the health committee from the empl?yment
unanimously, •
There was some discussion as to the
neglect of the government in not paying the arrears
of the corporat,3officials in occupations not trictly their ownh,
of interest, but the terms of sale were agreed to
and he expressel a doubt whether the recent discoveries which
had been made of improprieties going on in corporate
departments c -.uld have had any cause
officials had been strictlyadllutitehse.
In the Disco-ant Market the feeling of vague alarm
as it 1 is subsiding, and the leading establishments are
(Hear, hear.) With regard to the tooultehveairrd oiiftwsenlf,
was somewhat inappropiately celled, for they all knew i encouraged by the enormous amount of dep :sit 3

In the absence of any exciting news from the
Continent, the London Stock Market has been steady
but quiet, and the variations in the prices of
Securities have been quite unimportant. The final
closing prices were :—Consols for Money, 913,
91a • AccoUnt, 911 ; Three per Cents, 90a, 9077, ;
Bank Stock, 216; 220 ; Exchequer Bills, Large and
Small, 20, 26 pm.
The London Share Market has shown no feature
of importance. At the opening prices were steady,
and so continued all the morning ; but towards the
close there was rather more heaviness,, and closed weak
at the following prices :—Ambergate, 51, 5 y ; Caledo-
nian; 73, 74 ; Preference, 98, 100 ; Eastern Counties,
521, 531 ; East Lancashire, 84, 85 ; Edinburgh and
Glasgow, 68, 70 ; Great Northern, 94, 95 ; ditto A,
75, 80 ; ditto B, 124, 128 ; Great Western,
501, 511 ; Lancashire and Yorkshire, 841, 851 ;
Brighton, 105, 107 ; North-Western, 851,
861 ; South-Western, • 85, 86 ; Manchester,
Sheffield, and Lincoln, 33, 34 ; Midland, 921, 931 ;
North British, 50, 52 ; ditto Preference, 103, 106 ;
North-Eastern—Berwick, 834, 843 ; ditto Leeds, 42,
43 ; ditto York, 681, 691 ; North Stafford, 54, 51; ;
South Eastern, 61, 611 ; Great Western of Canada,
131, 13a ; new, 71, 7 dis. ; Grand Trunk of Canada,

poured in upon them to take at the Bank minimum
bills having so long :B;=3 two months to run. The
.demand at the Bank was good, but not urgent.
The supply cif Gal by the Mermaid, as well as
the £128,000 by the Great Britain, reached London
yesterday, and•about two-thirds were taken for the
Continent The £106,400 by the Europa, from New
York, also came to hand, and a portion was
purchased for exportation. The foreign buyers were
not quite so eager as of late.
The Ellen Stuart sailed from Melbourne for
Liverpool on the 28th Feb., with £28,400 in gold.
Upwards of £400,000 in Australian gold is now
known to be at sea, of which fully one-half is due.
The steamer Ceylon will take to-morrow 197,350/.
in Silver for Bombay, besides 50,0001. in Gold for
Malta. The whole of the Gold and 150,0001. of the
Silver is transmitted by government.

ai
Increased buoyancy prevailed in the Stock Exchange this
morning in consequence of the continued and remarkable
absorbtion of stock by the public. Consols at one period
were quoted at a fresh advance of fully 4 per cent., making
a total recovery of about 34 per cent. from the lowest point
of the late depression. The important advance has induced
a number of realisations, and the closing quotations were
only 4- to I per cent. above those of yesterday. The
other markets are daily assuming a more satisfactory
position. In the Discount Market, the feeling of
vague alarm is subsiding, and the leading establishments
are encouraged by the enormous deposits poured in upon
them, to, take, at the Bank minimum, bills having so long as
two months to run. The demand at the Bank was good,
but not urgent. There were no bullion operations at. the
Bank to-day. On 'Change, .this afternoon, bills on Ham-
burgh and Frankfort were more inquired for, and the rates
were a trifle less . favourable. The St. Petersburgh and
Naples Exchanges, on the other hand, were quoted rather
better for this country ; at St. Petersburg the Exchange on
London is quoted 33d.—Dally News City Article, Tuesday

The letters from Germany to-day mention a rumour of
mercantile failures in Vienna, Frankfort, Leipsic, Munich,
&c. The expectations of a further movement of the Bank
of England to 5 per cent., seems for the moment to have
subsided. There is still a good demand for discount at the
Bank - and although the other banks and discount houses
have larger balances than they can employ, it is only in the
instance of bills having not more than about twenty days
to run that the terms in • the open market are
below 41 per cent. No gold was taken from the Bank to-
day, the continental demand being supplied for the present
from the recent American and Australian arrivals. The
English Funds opened this morning at a further improve-
ment of 4-1-, and subsequently experienced a more considerable
advance, which, however, was not maintained. The fact of
the gold arrivals yesterday and to-day from Australia and
New York having amounted to nearly £400,000, tended to
strengthen the market. Times City Article Tuesday
Evening.

--__._",•,__-

LIVERPOOL PRODUCE MARKET,

-MAY 11

Colonial, &c. : The holders of Sugar having shown
more disposition to realise, rather more business has taken
place, the sales comprising 200 hhds. Trinidad at 37s from
the quay, 1,000 bags good yellow Date at 425, 800 bags
Benares at 42s 6d, 7,200 nrits old unclaved Manilla at 325,
and 4,000 bags Brazil, in bond, including old Paraiba, at
22s per cwt., being rather easier rates. There are no
further transactions to notice in Molasses or Rum. The
Rice market remains steady ; 2,750 bags Bengal have
changed hands at 12s 3d to 12s 6d, 5,400 bags Necransie
(price not reported), and 4,700 bags Moulmein at 9s per cwt.
.In Dyewoods the business is limited to 4 tons Manilla Sapan-
wood, all faults, at £7; 5 tons Limawood, at £l4, and 15
tons Africa Black Ebony, at £ll per ton. Of Ashes, 80
barrels pots, at 31s 6d for old. 20 tons Nitrate of Soda
sold at 15s 6d to 16s 6d ; and 1,000 bags Saltpetre, at
45s 6d per cwt. for 5 per cent. Nothing has transpired in
Brimstone ; 150 bags White Perugia Argols, reported at
92s 6d ; 4 casks Cream of Tartar, at 128 s, and 7 casks
Pinky Brown do., at 105 s ; 450 bags Sumac, at 9s 6d to
13s ; 750 bales Gambier, slightly heated, at 17s to 17s 6d,
but chiefly at 17s 3d,. (500 bales to arrive on private terms,
with 1,400 bales at 17s, all sound) ; 51 chests Native
Orange Shell Lac at 90s, including some of fine quality at
100 s ; half a ton of Mogadore Bees' Wax, at £8 15s per
cwt. Oils, &c.: Palm at £45 10s to £46 per tun ; nothing
to report in Olive ; 1 ton Cod Liver sold at 6s 9d per gal. ;
Linseed quiet, at 30s to 30s 6d per cwt. Tallow : P.Y.C.,
at 58s. Retail sales of Lard, at 61s for American. Of
Rosin, 4,600 barrels common have been taken at 4s to 4s 3d.
Spirits of Turpentine : 200 brls., at 43s 6d per cwt.