Northern Times.
Liverpool, Merseyside, England, 1857-08-25 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Monday Evening.

The buoyancy which has of late character lsed
our Cotton Market was continued to-day, and
although there is no quotable change to not;Lce in
prices, the feeling is decidedly in favour of holders.
To-day sales were fully 15,000 bales, including
4,000 on speculation and for Export. Everything
bearing upon the supply of Cotton is so worthy of
note at the present moment, that we have great
pleasure in being permitted to lay before our
readers the following extracts of letters received
yesterday by the Europa, and addressed to a house
in Liverpoo: by whom we are frequently favoured
with important commercial communications.
NEw Youx, Aug.3l.—Comversing with some very intelli-
gent and candid plantersfrom the South, we find that their
opinion is, that the plant has grown rather slow during the
summer months, havicg had too much rain and too little
sunshine ; so that the crop will be thrown further back
than anticipated in spring from the late frosts.
NEW YORK, AUGUST 11.—(From another correspon-
dent.)—The accounts from the South are again anything
but favourable for the crop; too much rain is the general
complaint, ani the inability of the plant to recover the
backwardness caused by the unfavourable spring. This
feature, carried forward so late in the season, must, accord-
ing to p-obabilities, curtail much the " picking seas-m;"
upon which s) much depends for making good yields.
The season at the South is now closed for want of
material.

NEW ORLEANS, AUGUST 3-4 s regards the growing
crop, oar accounts from the Atlantic States are not favour-
able. From. Alabama they are discouraging ; Texas,
Louisiana, and Missisipi, the plant is well formed in pro-
portion to its size, but it viii revire an extraordinary
comhination of circumstances to produce more than an
average yield—the majority doubt even that. Throughout
the Cotton regions the plant is fully one month backward,
and should we have an early frost, say 15th to 20 h
October, there is no saying how much it may be reduced.
G)d forbid it should be the case! what misery and distress
would follow. Our stock here to-day of unsold Cotton is
about 6,000 bales, Liv-rpool middling ; when found,
readily brings 151 c. per lb., equal to 911. to sell.
The Liverpool Share Market was inactive to-day,
yet with a tendency to firmnes and closed a shade
above Saturday's rates. .The transactions reported
were Eastern Counties 111-; Lancashire and York-
shire 99 ; Lmosster and Carlisle new third
s'aares 7, p; London and North Western 521-;
Do:* Shares 9-16 d ; Great Western 52; ; North
Eastern 23 ; Dover 217,- ; Liverpool Borough
Bank 8 ; the following were the closing
prices : Blackburn, 'lt, 74 ; Chester and
Birkenhead, 66, 66f ; Caledonian, 391, 39 -.2-;
Chester and Holyhead, 171, 174; Eastern
Counties, 111, 11 ; East Lancashire, 961, 961 ;
Do. 9/. shares, 2, 9-16 p ; Great Northern,
24, 24i ; Great Western, 53.1, 531 ; Lancashire and
Yorkshire Stock, 98k, 99 ; Do. 9/. shares,
11_16, p; Liverpool, Crosby, and Southport,
191, 191 ; London and North Western Stock,
102* 1024 ; Manchester, Sheffield, and Lincoln-
shire, 39k. 391 ; Midland Stock, 83:4- 831 ;
North British 115, 11:4 ; North Staffordshire,
44-, 4 d:; North Eastern—Berwick, 23 11 16, 23 13-16;
York and North Midland, 39, 30i ; Leeds
Capital Stock, 23, 231; South Eastern and Dover,
21 Z., 21 7-16 ; Scottish North Eastern, 12a,
12,1; Buffalo and Lake Huron, 41, 43 d ; Ditto
New Shares, 4,3 i d ; Dutch Rhenish, 41, 41 d ;
Great Western of Canada, 20,1-, 208 ; Ditto New
Shares, *1 par; Great Luxembourg, 7 1-16, 7 3-16
Grand Trunk of Canada, 12k, 12k.
_ _

The Market for the Public Funds and Securities
to-day was singularly quiet and inactive, yet stea-
diness prevailed, and Consols recovered per cent
upon the low rates current on Saturday afternoon
The Money Market was unchanged in character,
and no alteration can be noticed in the rates of
discount. Messrs. Browne, Hunter, and Co ,in
their circular issued this afternoon, say that from
the increased shipments (the steamer of the 20th
having taken out about 1,100,0001, almost the largest
shipment to India and China ever yet made,) and
the consequent withdrawals of gold from the Bank
of England in payment, a general opinion prevails
that dearer rather than cheaper money must rule
for some time, as loans ultimately will probably be
required to defray the serious expenses in sending
out large reinforcements, which is the only means
of subduing and checking the insurrectionary
spirit of the mutineers ; but the apprehensions
entertained of an immediate rise in the rate of
discount are partly removed since a recent an-
nouncement in Parliament, that the resources of
the East India Company are sufficient at present
to meet this increased expenditure, and as there
are indications of a decrease in the exports
of silver, this circumstance, if realized, will tend
greatly to restore confidence. To-day Consols for
Money closed at 901 to 90i, and for the Account at
9O to 901; Exchequer Bills, 4 dis. to 1 prom , and
the New Three per Cents at 911
In the Loudon Railway Share Market a consi-
derable degree of activity was observable, but no
change occurred in prices, the following being the
closing rates : Caledonian, 781; Eastern Coun-
ties, 111, 111 ; East Lancashire, 96, 97 ; Great
Northern A, 89, 91 ; Great Western, 53i ; Leeds
Northern, 46k; London and North Western, 1021,
1027, ; London and South Western, 931. 94/ ; Man-
chester, Sheffield, and Lincolnshire, 394, 391 ; Mid-
land Stock, 83i, 84 ; North British,4sl, 46 ; South
Eastern and Dover, 714, 711 ; York, Newcastle, and
Berwick, 951; York and North Midland, 78i ; Grand
Trunk, 121, 121; Great Western of Canada, 201,
21 ; Ditto New, id dis., prem.; Oswestry, &c.,
311, 32.

The weather was very sultry in London to-day,
and at Mark•lane Foreign Wheat was heavy of
sale at a decline of 2s, and English Wheat 3s to
5s per quarter. The condition of some for samples
was very bad. Flour was heavy at a decline
of Is.

The General Peoittce Markets are rather more ac-
tive than at the close of last week, and the price of
Sugar is is per cwt. higher. According to
the circular of Messrs. Browne, Hunter, and Co.,
the Produce Markets have been somewhat affected
during the past month by the insurrectionary
state of the Bengal army, and further intelligence
whether the outbreak has been subdued s now
anxiously awaited. Advices of the fall of Delhi
would in a great measure allay the anxiety at
present prevailing. In the event of the distur-
bances not being speedily suppressed, it is to be
feared that the export trade of Calcutta will be
greatly interfered with, some articles, in conse-
quence, having already risen in value ; whilst, on
the other hand, the value of our manufactures
would be much affected by a cessation in the
demand, which already shows a material falling
off, although, at present, prices are sustained by
the otherwise healthy state of trade, and the
prospect of an abundant harvest in this country,
and the realisation thereof throughout Europe.
The circular alluded to makes the following
remarks concerning the state of the wool trade :
" In the early part of the month there was not
much doing in our Wool Market, buyers having at
the recent sales supplied their immediate wants,
but within the last ten days there has been
considerably more inquiry for low Wools for
export to America, and several sales of East India,
in second hands, have been made at very full
rates. The arrivals here now amount to 8,500
bales, which are held over for Public Auction.
The London sales of Colonial Wool are still pro-
gressing most favourably, at an advance of about
21. per lb. on the May series. The East India
Wool is to be brought forward on the 27th instant
and following days; the quantity will amount to
5,000 bales, and a favourable result is expected.
The accounts received by the Europa arrived here
yesterday, all agree as estimating the present
wheat crop of the United States as immensely
large, and all nearly housed. The only complaints
are from Indiana and Ohio, that the late fall-sown
spring wheat has suffered greatly from rust, bat in
these States the increase in the breadth sown, and
the yield, has been so great that the injury
will not be perceptible. Canada is also
reaping abundant and well-conditioned crops.
Corn promises favourably for a very large cr )p.
Potatoes are said to be the most abundant crop
ever known, and farmers in the west offer to con-
tract for fall delivery at unusually low prices. There
is every prospect of general plenty throughout the
land. The receipts of Flour were light, and prices
had advanced 10 to 20 cents per barrel. The sup.
plies of Corn had increased, and prices were