The Northern Daily Times.
Liverpool, Merseyside, England, 1857-04-28 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, Monday Evening.
The Cotton Market remains very steady, with a
moderate amount of business going forward. The
sales to-day, were 5,000 bales, including 500 on
speculation and for export. The Glasgow Cotton
Market is very dull and lifeless.
In the Liverpool Share Market there was a
decline in prices, which induced several large pur-

chases, the following being the transactions :
Caledonian, 341; Eastern Counties, 111; East
Lancashire, 97; Lancashire and Yorkshire, 1001,
f, =3, I, I, 100 ; London and North Western, 1)4,
?,-; ditto is shares, 3-16 d ; Manchester, Sheffield,
and Lincolnshire, 381.1,1. 1. ; Midland, 811. 'i;
Norfolk. 60 ; North British, 10 13-16 ; North east-
ern, 211, 2, Z; York Capital Stock, 32i; Dovers,
22k, 1, k. a ; East of France, yd ; Grand Trunk of

Canada,-157 16, f ; Great Luxembourg, 11 1-16 ;
Great Western of Canada, 24Z-, Q ; Bank of Liver-

9001, 222. The following business was transacted
or the next account : Eastern Counties, 11 7.16 ;

Lancashire and Yorkshire, 100 a, 2, -2-, ; Lon.lon.
and North Western, 100,; Manchester, Sheffield,
and Lincolnshire 38,1, 4,-, 8, , 6 16; Midland,

HZ. -04 ; Dovers, '22 5-16, 5s ; Grand
Trunk of Canada, 15 9.16, N, 9 16. The closing
prices ars thus reported :—Blackburn, ;
Chester and Birkenhead, 66, 661 ; Caledonian,

34, 341 ; Chester and Holyhead, 171, 181 ;
Eastern Counties, 11 7 16, 11i; East Lancashire,
964 971 ; Do. 91. shares, ; Great Northern,
23z,. 4
24 ; Ditto A shares. 101, 10$; Great Western,
66, 661 ; Lancashire and Yorkshire Stock, 991, 100 i ;
ditto 91. Shares, 15-16, 1 p ; Liverpool, Crosby, and
Southport, 19k, 197; London and North Western

Stock, 104, 1104 ; do, a Shares, 3-16) d ; Man-
chester, Sheffield, and Lincoln, 388 381 ; Mid-
land Stock, 81, 81Q, North British,.lol, 104 ; North
Staffordshire, 5,41 d ; South Eastern, 228, 221;
Scottish North Eastern, 13, 131 ; North Eastern—
Berwick 218, 211 ; York and North Midland,
321 32& ; Leeds Capital Stock, 198, 20k; Buffalo
and Lake Huron, 1, Ip; butch Rhenish, 1, 8 d
Great Western of Canada, 241 xd 244 ; do. New
Shares, 21 xd, 21 p; Great Luxembourg, 11, iON, d ;
Grand Trunk of Canada, 151, 151. The following
were the Confirmations paid :—Blackburn, 9J,
10d, ; Caledonian, is 9,1, is 6.1 ; Eastern

Counties, lOid, 9d, 10d, 11 d ;East Lauc't shire,

; Great Western, 3 16 ; Lancashire and Yorkshire
Stock, L. 5 16, 1 5-16, #. 7;16 ; London and North
Western Stock, 1, 7-16, 7-16, # ; Manchester,
Sheffield, and Lincoln. f, 3s ; Midland Stock, 5 16,
#. 5 16 #. 5-16; North British, 1 16; South Eastern,
Is 9d, Is, 100, 2s, Is; 101 d ; Scottish North
Eastern, 2s; North Eastern-Berwick, is 9,1, 2s,
Is 9d, 2s; Buffalo and Lake Huron, 1-16, is 2d ;
Dutch Rhenish, is 2d, ls, la id, Is 2d ; Great
Western of Canada, 2s, is 93, is 6d ; ditto New
Siaares, 11d, 10d, Is ; Great Luxembourg, '7d, Sit,
8d ; Grand Trunk of Canada, 2s, Is 9J, 2s.
The Public Funds and Securities to-day were
again depressed, and at one time a fall of 1 per
cent. was submitted to. Afterwards, however, the
market slightly rallied, and closed rather lower
than the rates of Saturday. At noon Consols for
Money were quoted at 921 to 921, and closed at 921
to 921. For the Account the quotations were 93 to
928, at noon and after closing hours at 921 to 921
The New Three per Cents. were done at 911 1.
In the London Railway Share Market to-day
there was not much business done, and prices suf-
fered a decline. The following were the closing
prices :-Ambergate, Nottingham, and East Junc-
tion, 51, 5a ; Caledonian, 681, 681 ; Edinburgh
and Glasgow, 55k, 561 ; Eastern Counties, 111 ;
East Lancashire, 98 ; Great Northern, 951, 96 ;
Do. A, 86, 87 ; Great Western, 651, 66 ; Lanca
shire and Yorkshire, 1001, 1001 ; Leeds Northern,
391, 40 ; London and North Western, 1031, 1031 ;
London and South Western, 1001,1001 ; Man
Chester, Sheffield, and Lincolnshire, 381; 381 ;
Midland Stock, 811, 811; North British, 43,44; South
Eastern and Dover, 731, 741; York, Newcastle, and
Berwick, 85,86; York and North Midland, 64, 641.
After official hours the business transacted wns at
the following prices, viz. :-Caledonian, 681, 681 ;
Eastern Counties, 111, 1 ; East Lancashire, 98,
99; Great Northern, 951 96 ; Do. A, 86, 87 ; Great
Western, 658 661 ; Lancashire and Yorkshire, 1004,
10(4 ; London and North Western, 1031. 1041- ;
Manchester, Sheffield, and Lincolnshire, 381„ 381, ;
Midland Stock, 811, 811 ; North British, 43, 44 ;
South Eastern and Dover, 731, 741; York, New-
castle and Berwick, 85, 86 ; York and North Mid-
land, 641, 641
The transactions in the Glasgow West India
Sugar Market during the week amounted to 430
hhds 29 trs 51 bags B.P. West India, at an ad-
vance on last week's quotations for scale sugar of
fully 6d per cwt. The following are the present
quotations-Moist and brown, 50s 6d ; dry brown,
51s to 51s 6d ; middling, t2s to 52s 61 ; good
middling, 53s to 53s 6d; fine, 54s 6d to 56s
per cwt.
During the month of April the changes that have
taken place in the principal staples of Manchester
have been inconsiderable, and may be stated
as follows, viz. a decline of Id to- 21
per piece in some makes of 9-6ths printers
and shirtings, of about lid per piece in 61b
and 71b 39 inch shirtings, whilst the finer reeds
being very scarce, and in most limited make, have
advanced in value to about the same extent, and a
decline of 1 id to 2d per piece in the prices of some
makes of T cloths and long cloths from the exces-
sive, but unrealised, quotations previously made.
7-B,hs printers, 9 Bths madapollams, India figured
shirtings, jaconets, mulls, domestics, and most de-
scriptions of yarn remain without quotable change.
Messrs. Fraser and Son. of Manchester, make
the following interesting remarks on the above an-
nouncement in their circular just issued.
These unimportant alterations in our quotations do not,
however, very accurately represent the actual amount of
change which has occurred during the month in the position
of our market, for its tone has been altered decidedly for the
worse; stocks are heavier, and ofmany goods are accumu-
lating, considerably more difficulty of sale is experienced,
and particularly dining the present week ; manufacturers are
less extensively under contract, and there are symptoms of a
wavering in prices, which even the firmness of the cotton
market, and the very high cost of goods, may not much longer
prevail against, if some improvement does not take place
shortly in the demand. It is difficult to understand whether
this state of matters, and the apparent want of confidence
arises chiefly from the fact of our present high prices
having interfered with consumption, or whether they have
resulted more immediately from the untoward state of
money matters, but probably bo h causes are operating
with cor siderable effect. There can be no question that
foreign markers are not responding actively to the rise
which has taken place in our rates, and that foreign
buyers, who visit our market, are limiting their pur-
chases to an amount considerably below what they
would be disposed to buy at lower prices; and in the
home trade the same features are observable, business
being inactive, and stocks difficult to dispose of.
But the effect must also be considerable of the
position of the money market, and of the unabated drain
of specie which goes on, and accumulatively, from in onth
to month. On the 9th instant the Bank of England again
found it expedient to raise its minimum rate of discount,
the advance being 6 to 61 per cent, and a few days after.
wards it further restricted its accommodation upon ad-
vances on stock ; but this was only a temporary step, and
has subsequently been receded from, The following
figures extracted from the published returns, at once ex-
plain the cause of these measures :

Other
Denosils. Securi les. 11,f1,ion. Re= erne.
March 793,857.. £19,5;5 143.. £10,197 665.... £5,532,260
~ 21.... 9,912,845.. 19,9:18 712.. IC 322 297..... 5.480 720
„ 28.... 10,187,460 . 21,242 752.. 9,987,539..... 4,624 12
April 4.... 9,4'9,012.., 21 E 49,787.. 3,313,720.... 3,507 475
90 11. ..• 10 431 051.. 18,984,610.. 9,164,612.... 3,044,120
It will be observed that in the month the Bullion had
decreased 1,133,0531., having fallen to the low sum of
9,064,6121., and that the reserve had fallen to 3,044,1201.,
being a decrease of 2,488,1201. In these items it is ex-
pected that the next returns will show a more favourable
state of matters. Th 3 weekly returns well also show how
great a demand for Discounts had been experienced before
the rate was put up.

THE CALIFAHNIAN PEN.—The everlasting quest'on rf "is this a
good pen" has been answered by Mr. E. T. Hall, rf South John
strert, who has succeeded in producing a metailie pen. which he
designates, not inaptly, at above. There is hardly anything more
annoying than a bad pen—eveiy one knows the misery. ThLt rin
made by Mr. Hall, is fit for any hand to use (light or heavy), and
what is of the greatest value, it does not corrode, but will work with
equal facility in any ink. Front experience of metalLe pens, we can
say that this one, which is polished as gold, and will last nearly as
long, is the hest ore we have ever used,—Northern Times. One
box, containing six dozen pens, sent free on receipt of 25 6d in
postace stamps. Agents wanted for the country.—Ado.