Northern Times.
Liverpool, Merseyside, England, 1857-10-26 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, MONDAY, OCTOBER 26, 1857.

MONETARY AND COMMERCIAL.

LIVERPOOL, Saturday Evening.

The Cotton Market was excessively dull to day
sad prices, though not generally lower, exhibit a
.downward tendency. The sales were about 1,000
bales, all to the trade.

The Liverpool Share Mat ket opened without any
change, and, on the whole, was inactive during the
-day. Much importance is still attached to the
American news. The day's transactions consisted of
-Caledorian, 323, 301, 391 3131; Eastern Counties,
10 15-16, 161; Great Western, 513 ; Lancashire and
Yorkshire, 923, 92i, 92 923, 921-. 923, 021-, 921 ;
London and North Western, 953, .953-. 95 ;
Manchester, Steffteld, and Lincolnsh're, 38 ;
Midland, 81Z-; North British, 111; North Eastern,
227- ; Divers. 19 1.16, 19, 19 1-16, 19 ; .Grand Trunk
of 4Canada, 93-, 9 ; North Union A, 220 ; Liverpool
.80r0t.7,h Bank, 7 ; Liverpool and London Fire
and Life, 810 ; Atlantic Telegraph, 500. The fol-
lowing were the closing prices :-Blaeliburn, 81,
; Chester an.' Birkenhead, 64, 643; Calede-
niar, 393. 39 11-16 ; Chester and Holyhead, 15 153 ;
.s.:astern Counties, 10 11-16, 101 ; East Lancashire, 90
90k; Do. 91. shares, p; Great Northern, 234
24 ; Do. A, 103 101; Great Western, 51i, 51.;
Lancashire and Yorkshire Stock, 921, 9•23. ; Do. (.1")/
shares, p ; Liverpool Crosby, and Southport,
18k; London and North Western Stock, 953-,
953 ; Manchestc-x, Sheffi Ad, and Lincolnshire, 38,
381. ; Midland Stock, 811 81i; North British, 111,
12 ; North Staffordshire, 43, 4 d ; North Eastern
- Berwick, 221, 223 ; York and North
Midland, 39, 39±; leeds Capital Stock, 24-1. 243;
South Eastern and Dover, 19, 19 1-16 ; Scottish
North Eastern, 11, 12 ; Buffalo and Lake Huron,
5/ d ; do. new Shares, 51, 54- d ; Dutch Rhenish,
st, 5 ozl ; Great Western of Canada, 181, 183 ; do.
new shares. 23, 21;1; Great Luxembourg, t;, 61 ;
Grand Trunk of Canada, 9 11-16, 91.
The demand for Money was not so active to-day,
and as the private banking houses are receiving
larger quantities of bullion on deposif, they seemed
to. be amply supplied during the day. The
Bankers' Circular today makes the following re-
marks on the state of the marke'.

The Money market in London still continues to be
under the influence of adverse external circumstances :
there has been during the week a somewhat easier feeling;
but th;s state of things has only had reference to the
Stock markets, which at such fines are forced up or de-
pressed by the most trifling occurrences. The financial
state of things in America, and throughout the whole of
Eur3pe is certainly not of an enc .uraging character: for
in reference to the former, the revulsion is too formidable
to be overcome by any temporary measures ; and as far as
regards the latter, there is an extension of the pressure
manifested in several of the most important Kingdoms.
At Vienna, some of the most extensive firms have been
uphelel only by the aid of the Credit Bank ; while the
State itself is labouring under financial d'fficulties of a most
serious nature. In Spain, the Treasury is overwhelmed
With debt and deficits ; the Narvaez Ministry having ter-
minated with a floati, g debt of 400 000,000 rea's, the
income of the badget spent, and the State coffers empty.
The Bank of France having raised its rate of discount from
51 to 7 per cent ,in one week, indicates a heavy demand
upon its resources, which will, doubtless, had to large
purchases of Lullion. On Indian affairs, opinion gains
ground that an imperial loan must, ere long, be contracted,
to the amount of ten or twelve millions. We have
tepeatedly urged that the financial condition of India alone
would force this upon the Government, though several
attempts have been made to show that Indian affairs could
not necessitate such a step. Several sams of gold are
being shipped to America, and as no immediate arrivals
are expected from Australia, the probability ie, that a
further diminution of the Bank; sock will be the result.
The Ba. k returns of list night show that tha reserve has
fallen to £3,217,185, which will cause no little anxiety as
to the fature movealents of the Court.

It is understood that the East India Company
are about to meks some large remittances of silver
to India. They have already effected insurances
to the amount of at least 200,0001. This feet is of
great importance in several respects. In the first
place, the policy now inaugurated by the East
India Company will tend to aggravate the drain of
silver at a time when it has already acquired very
inconvenient proportions; for we must assume
that the remittances of the Company will lead to no
diminution in those on ordinary mercantile account
Additional light is now thrown upon the policy of
the Court in recently announcing the important
rise of no less than four per cent. in their rate of
exchange on India. In acting thus, they evidently
wished to altogether deter applications to them
for their bills, payable on demand through the
Treasury in India. But the most important
feature of the news above referred to is the
evidence which it affords of the poverty of the
Exchequer in India. To the unfavourable posi-
tion of the Indian finances we have frequently
called attention, solely with a view to prevent the
public from being taken by surprise by the
announcement of a loan. Probably, the authorities
at home will be enabled to carry on for some time
longer, but the period is evidently drawing near
when the expenditure entailed by the Indian revolt
will exercise a more direct influence upon the
English market. Tho approaching despatch of
200,0001., or a quarter of a million sterling in
silver, by the Indian House authorities to the
relief of the local government, will probably be
only the first of a series of calls upon this market.
The market for the Public Funds and Securities
were rather.inanimate to-day. Chiefly consequent
by the increased anxiety felt in connection with
Indian and American affiirs, the tendency in the
quotations has been unfavourable. The transactions
have been in small amounts, and the total they
represented was inconsiderable. In a day or two
later news will have been received from both of
the countries mentioned, and in the meantime the
operators are very guarded, and refuse to enter
into any arrangements which might be attended
with a heavy loss. There is certainly a disposition
to antic'pate worse advices from America, but it is
known that the least improvement to the intelli -
gence would hive an effect upon values here,
and hence sales of stock are circumscribed.
The market, therefore, presents a listless
appearance, and the operations concluded art
scarcely sufficient to produce any marked effect
Soon after the commencement of business this
morning there were symptoms of weakness, which
resulted in a decline of about 8 per cent. The
unfavourable Bank of England return, although
ita changes were fully anticipated some time before,
has no doubt tended to promote this tone of heavi-
ness, whilst a rumour late in the day that the efflux
of gold in the United States would compel the
Bank to increase the terms to 81 per cent., also
weighed upon the market. Consols were dealt in
as follows :—For Money at 881, 881 88. 884, and
finally 88a, 88. For Account they closed at 881
888, although at one period they were 884 buyers.
The following list shows the fluctuations in
Consols during the past week :
Lowest Highe‘t Closing
prices. prices. price',
Monday Money ..... 884- 88% 88,1
Account ...884 88 881
Tuesday Money .... 88 884 88*
Account ....884 88a 88a
Wednesday Money .... 884 808 884
Account 89 5183.
Thursday.... Money 884 881
Account 881 88Z
Money .... S 9 881
Account .....88i 89 89
Saturday . Money •• • • 88 884 881
Account ... .884 89 888
The imports of specie during the week hardly
reach £250,000., viz :—The King Phillip, from
Melbourne, 20,000 sovereigns, and 30,834 0z... gold,
or 143,350/; the California, from Sydney, 16,0001;
the Lucien, from St. Petersburg, 9,0001; the
the Dolphin, from Antwerp, 3 cases of bullion ;
the Heather Bell, from Melbourne, 10.€47 ozs
gold, or 78,6001; the James Brown, from Constanti-
nople, 11,5001; the Ripon, from Alexandria, ka,
28,0001; the Phoenician, from Australia, 10,000
sovereigns, and 77 ozs. gold; the Rhine, from
Boulogne, 49 cases of bullion ; the Holland, from
Ostend, 15 cases of bullion; the Baron 0337, from
Antwerp, 45 cases of bullion; the Albion, from
Boulogne, 31 cases of bullion.
The Canada, which sailed to day for Boston,
took out 241,0001. in specie, which makes the
exports for the week amount to upwards of a
million sterling, viz :—The Tagus for the Medi-
terranean, 50,000/; the Indus for Alexandria and
the East Indies, 777,1221, of which 38:000/ is in
gold and the rest silver, divided as follows :—to

Friday

Aden, 3,3301; Ceylon, 1,254; Bombay, 234,6671;
Madras, 45,5051; Calcutta, 431 257/ ; Penang,
3,8361; Singapore, 20,740 ; Hong Kong, 27 487,
and Shanghai, 10,6901; the Arago for New Yolk,
37,500 ; the City of Baltimo-e for Amerce, 8,2001 ;
and the Canada for Boston 241,0001.
_ _

The official return of the Export of the precious
metals from the p(rt of London, for the week
ending 10th October, show a tetal of 63,300 ozs.
of cold and 2 400 r.zs. of silver.

The London Railway Share Market was vary
quiet tc-day, al:d the few transactions recorded
have been, in most instances, at lower rates. The
following were the closing piices :-Atnbergate,
Boston, and Eastern Junction 5. 51; Bristol and
Exeter 83, 85 ; Caledonian 7FI, 791 ; Chewer and
Holyhead 30, 32 ; East Anglian 171 181. ; Eastern
Counties 53, 54; East Lancashire 89. 91 ; Edin-
burgh and Glasgow 61-i, 621; Edinburgh, Perth.
and Dundee 27, 28; Great Northern 9473, 95; ;
Great Western 511, 5 ; Lancashire and )(,,rk-
shire 921, 9212 ; London and Blaekwali sa, ;
London, Brigth'mn, and South Coast IC2, 103;
London and North Western 951, 951; London and
Soth Western 881, 893; Manchester, Sheffel 1, and
Lincolnshire 38, 39 ; Midland 811, 821; Ditto
Birmingham and Derby 55, 57; Norfolk 58,60; Nor ~1
Brit7sh 47, 48; North Eastern-Berwick 91, 92 ;
Oxford, Worcester, and Wolverhampton 2), 31 ;
South Eastern 63, 64 ; South W6les 81, 82 ; Buck-
inghamshire 91, 93 ; Hull and Selby 105, 107 ;
Eastern Counties Extension 5 per Cent. (No. 1)
102 106 ; East Indian Guaranteed 5 per Cents.
98i, 99! ; Geelong and Melbourne Guaranteed 5
per •Cents. 194 201; Grand Trunk of Canada 39,
40 ; Great Indian Peninsula Guaranteed 5 per
Cents. 101, 101 ; Great Western of Canada Shares
In 181 x d ; Madras Guaranteed per Cent.
174, 181; S Linde Guaranteed 5 per Cent. 1, pm ;
Eastern of Franco 261, 271 ; Great Luxembourg
Constituted Shares si, 61; Namur and Leige 6 per
Cent. Preference 1813, 19; Northern of France 311,
341; Norwegian Trunk Preference Bi, 913 x d ;
Recife and San Francisco (Pernambuco) Guaran
teed 7 per Cent. (limited) lf, ly dis; Royal Danish
14, 16; Sambre and Meuse 61, 71; Southern of
France 213, 22 ; West Flanders 41, 5.
Respecting the movements in the Mining Market
during the week, the Mining Journal of this day
says :-

The Mining Market this week, notwithstanding the
increased rate of discount to 8 per cent , and the consequent
tightness of money, has bean characterised by increased
activity rather than o'herwise, the principal demand still
being for some of the progressive mines we referred to last
week. Dividend mines are not so much sought after,
speculators appearing rather to prefer such shares as
promise a speedy rise of 40 to 50 per cent. to those paying
steady dividends of 15 or 20, and this state of things may
have been brought about by the sudden and great rise in
Esst Basset. In Wheal Uny there has been a steady
demand, and the price has daily advancsd 10s. to £1 per
share, until they leave off at 7 to 7;1; ; this is a rise of 4
per share in three weeks—this mine has further improved
since our last.

We.understand that the French government have
decided upon rescinding the prohibition against the
exportation of corn and flour from France. To
this step they are impelled in consequence of
strong remonstrances from the agricultural dis-
tricte. By depriving the produce of the country of
its natural outlet, the prices of grain and fl.)ur in
France have been artificially driven down to rates
far below these current in other foreign markets,
including those of England. Of course, this
boon to the community has been pm-
chased at the cost of severe depression to
the agricultural interest, who seem at length to
have succeeded in making their voice heard in the
Imperial Council Chamber. The rescinding of the
prohibition will be likely to precipitate the fall in
the English Corn markets, which are already
depressed by the high rate of interest, coupled with
the accounts from America.

At the Court of Bankruptcy, yesterday, in the
case of the Hastings Old Bank, the debts were
stated at 149,5591, on which a dividend will shortly
be paid of 10s in the pound, and a further dividend
of 53 is expected to be realised from the arrange-
ment of some property of Mr. Hilder, a partner,
amounting to about 100,00 C/. Mr. Francis Smith
and Mr. Scriyens passed their examination, but in
the case of Mr. Tilden Smith and Mr. Hilder there
was an adjournment.

A despatch from St. Petersburg quotes the ex-
change on London as low as $6l. At this
exchange gold ought to flow freo:y to this side.
The reason why it does not is to be found in the
fact that the precious metal commands 3:1 per cent
prem. amongst the money changers. The
Bank only furnishes small amounts of gold to
applicants.
The Colonial Markets continue depressed, and
holders of produce having evinced a desire to
realise lower prices have been established. For
Sugar there is little demand, and the sales made
show a decline of is per cwt. Several parcels of
Coffee hare been °Tired at auction, including some
imported from Havre, and prices about 4s. below
those of last week have been accepted. Rice.
which had partially recovered the fall of last week,
has since receded about 6 1 , and the demand is very
limited. To ffact sales of Saltpetre a decline of
24. to 3s. must be submitted to. Large sales of
Spice have been held, resulting in a fall of 2 1. upon
middling and low Nutmegs, 21. to 34 upon Mace,
and id. per lb. upon Black and White Pepper. The
London quarterly sales of Cinnamon, comprising
1,800 bales Ceylon, are to be held on Monday next
For Tea, but little demand exists.
From Leeds we learn that there is little altera-
tion to notice in the state of the Woollen Trade,
dulness and inactivity having prevailed throughout
the past week, and the few purchases made in
winter goods have been small, and confined to
absolute requirements. The general impression is,
that no permanent improvement can be exnected
during the present disturbed state of the Money
Market. At Bradford no business of any import-
arce had been done, and prices generally of both
Wool and piece goods tended downwards. Business
at Halifax had been inactive, with no alteration to
report in prices, the advance in the rate of discount
by the Bank of England having caused increased
gloom in the market.
Trade in the North of Ireland is quie*. Sales of
Flax, though pretty large, were not so brisk for the
last few days Spinners do not purchase in the
usual quaitities, and, on the whole, the market
ruled dull and spiritless; and, as compared with
recent experience, lower rates marked transactions.
In the Yarn Trade there has been little an:mation,
and we regret to learn that some of the spinners
have shortened production, and thus have thrown
numbers of the hands idle The Thread Trade, in-
fluenced by the New York disasters, is very quiet.
Shipments hence have all but ceased, and the home
trade, lately so active, has caught the current spirit
of inaction. In the sale of brown goods, very
small transactions can be reported, and the value
of webs sustained some decline during the week.
White linens begin to bulk largely in the hands of
bleachers, but the general feeling of confidence
which exists as to the future keeps down all
jobbing of goods. The quantity exported frem the
United Kingdom to America for the eight months
ending 31st August, is some seven millions of yards
less than for the corresponding period of 1856; but
it is to be reeollecied that the exports for the eight
\months of that year were acme eighteen million
yards in excess over those for the same period of
the year preceding, so that it is probable the market
was overstocked.

The following are the Gazette average prices of
Muscovado sugar, for the week ending Oct. 20,
1856, exclusive of Custom's duties payable thereon,
on the importation there 4 into Great Britain :
From the West Indies, 31. s Gid per cwt ; from the
East Indies, 25s 4d per cwt; average price Of the
foregoing descriptions, 31s 4d per cwt.

It is announced from Paris that the Memoirs " of M.
Guizot are to be published in January next. It is certain
that they will be read with eager interest, and it is believed
that they will throw great light on the men and things of
the period of 1830 and 1848,
,A Berlin correspondent says that the best understanding
exists between the Queen of Prussia and the Prince, but
that it is not the same with the Princess of Prussia, who
has been requested not to appear at Potsdam. " The liberal
views of her royal highness, so openly expressed since 1848,
hare given great offence to the Queen,"

FAILURES IN THE UNITED STATES.

The following era a list of the principal failures
consignments, &c, during the previous week, as reported
in the Independent, received here on the 21st instant:
Wm. F. Brett ani Bro., 'Dry Goods,"l3)ston, susper.-
derl ;liahilities 400,000 dole.

John P. Jewett and CI , "Publ'sbers," B Jeon, sesper-
dee ; liabilities 100,000 dols.
Hall and Fowle, "Commission," 13,,st,in, snsrendea.

Hdlett, Pinkham, Quimby and Co, "Dry Goods,"
B )stop, une into into'vet e
W. R. Lovejoy and Co , ' Clo'hing," But In , suspended ;
liabilities reported 175 000 doh., with sets of about
300,000 dcilq.

Dn id J Foster and Co., " Buttons" Boston, suipeneed
R .Iph Warren, ston, Masi., reported last week, as
Ralph Warren, "
Platner and Smith, " Riper," Lee, 1%13V., suspended.
T,e Bosqlet and Davis, Haverhill, Hasa, failed.
D. W. Vaughan, Providence, R. I , failed.
George B. Jastrauss, Providence. R. 1., failed.
Garner and Co , " Dry G3ods," New York city, suspen-
ded—wil doubtless soon resume.

Fosters and Co., " Auctioneers," New York city, sus-
Fended ; heavy.

Abbqtt, Dodge and Co., "Produce," Few York city,
su,pended.
J. M. Mickay and " CoTmis,iln," New York city
suspended ; liabilities said, 500,000 dols., and assets about
800.000 dols.

Bangs Brother!, " Auctionaers," New York city,
suspended.
Sper cer and Porter, " Grocers," New York city, sue-
prnded ; will pay in full, and doubtless so )n resume
C irson and Hard, " Paper," New Ya-k city, suspended
Henry Robinson and Co., "Silks," New York city,
suspended.
Gar liner, Sherman and Ch., " Produce," New York city,
susoet ded.

Janus H. Benedie and Co., " Paper," New York city.
assigned ; liabilities, about 100,000 dol..

W. D. Russell, Rubber Goods," New York c'ty,
assign d to Darine Wel's ; I ?5,000 dAs. ;
nominal assets 212,1;00 dots ; will continue business as
are...nt for John A. Green.
D. C Hyde and C 4., " Fatcy Goods," New York city,
suspended.
Charles Carrilie, Dry Goods Cnnnfssion," New York
city, suspended.
Miller and Holbrook; ‘. Pirr," New York city,
failed.

Reimer; and Seh-nidt, New York city, aniznel.
Meekor and Mailoff, " TrimmingQ," New Yak city,
aszigned; liabilities said to be 100,000 do's.
Bulpio, " Mantillas," New York city, suspenied.
D. M. Henriques, New York city, failed ; liabilities
laro;e, both here and in Havana.
P. J. Cozens, " B)oks," New York City, foiled and
assigned.
__

Jlco') L. Bich and Co., "Clothing." New Yo•k city,
repine lsalpended last weer, has resume'', having obtained
indulgences on a few notes Maturing this side of Jannary.
Springlfr and Parker, Fancy Goods," New York
city, assigned,

H. S mons ani Co., "Jewellers," New York city,
suspended, and a ,k an eversion.

John Clarke and Co , " Milliners," New York city,
swended.

Moses H. Ogden, " Mihagany," New York city,
assigned.

Benjamin Ellis, " Umbrell is," New York city,
suspend( d.

S. G.Adsmitb, " Milliner," New York city, assigned.
Lackawanna, Rdlrnad and Coal Company, N w York
&ty, reported assigned in onr list, should read Delaware,
Lackawanna and Western Railroad Company.

David Daly, "Carriages," Brooklyn, N. Y., assigned.
Ira Belden, Rochester, N. Y., assigned.
John Ames, Oswego, N. Y., assigned.
C. B. Sa:!kett, Oswego, N. Y., assigned.
John Murphy, Syracuse, N. Y., assigned.
Theodore Bolles, Ij7ica, N. Y., failed.
Prat BrAhprs, Carandaigua, N. Y., failed.

8 ephen F. Eitirg, Hudson, N. Y., assignel.
Joshua A. Fitch, Rushville, N. Y., su7p:nded ; liabisities
said 40,000 dols.

Ephraim Shedd, Jordan, N. Y , suspended.
A. J. Carpent 1-, South New Berlin, N. V., assigr ed.
S. S. Knowl, s, Macedon, N. Y., t.ssigned.

J K. and F. Sqbolt, N Y., suspended and
assigned.

Bink of Corning, Corning, N.Y., has not gasp nded, as
erroneously reported last week—which report we copied
from an ether paper.

Jam s S. Sterling, Trenton, N.J., auswm led.
James Crane and Co. Blo)mfiald, N.J., failel.

L. J. Levy and Co., " Dry G)lds," Philadelphia, sus
pewit d.
Fas it ani Co., "Dry Goods," Philadelphia, suspended.
Smith, Murphy and Co., "Dry Goods," Philadelphia,
suspended.

Th imas H. Craige and Son, "Cotton Mills," Philadel-
phia, suspended.
Rogers and Farley, " Straw Goods," Philadel-
phia, susrened.
Ge,rge L. Broome, Sugar," Philadelphia, suspended.
Knight and Dell, " Commission," Philadelphia, m-
-1)431 ded.
D. D. Taylor and Co., " Lumber," Philadelphia, tus-
pended.
Parry and Randolph, " Lumber," Philadelphia, sus-
pended.
Joshua Karnes, •' Notions." Philadelphia, suspended.
Splinger and Bro., "Dry Goods, Philadelphia, suspended,
will probably soon resame.
Addicks, Van Dozen and Smith, "Straw Goods and
Shoes," Philadelphia, suspend Yd.

. .
Kay and Delhaven, " Hardware," Philadelphia, sus-
pended.
Wolf Tand'er, "Clothing," Philadelphia, failed.
John Drake, " Shoes," Philade!phi4, requests us to say
that he has rot suspem'ed as reported.
S. N. Haud, Cuthbert, GI., failed.
E. R. Kello7g and Co., "Hats, ' Chicap, 111., suspended,
liabilities 115,000 dole.

E. J. Tinkham and Co., " Bankers," Chicago, 111.,
suspended.
George Mor'on, Brockville C.W. assigned.

Andrew McGee, Brockville, C. W., assigned.