Northern Times.
Liverpool, Merseyside, England, 1859-01-10 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Saturday Evening,

_ There was rather more firmness apparent in the
Cotton Market to-day, and the sales are estimated
at 8,000 bales; including 1,500 on speculation and
for export.
In the Liverpool Share Market to-day, there
was a moderate business doing at barely supported
prices.
There is a steady demand for money, but in some
instances a fractional reduction in the Bank
minimun was conceeded on the choicest bills. At
the Bank itself the applications are not so numerous
as during the earlier part of the week. -
To-day, the markets for the Public Funds and
Securities exhibited further indications of weak-
nass, but speculatiOn was quiet, and the fluctuation
has been proportionally limited. Much uneasi-
ness, however, still exists among the speculators
on the subject of Italian affairs, and the statement
contained in telegraphic advices this morning, that
30,000 men had marched from Vienna, has not
escaped attention. It is evident the assurance
given in the Moniteur yesterday, that there was
no cause for alarm, has not had the effect of
restoring confidence. The impatience manifested
to receive ftirther intelligence upon this important
subject has increased rather than diminished; and
while so many changes take place on the Paris
Bourse, renewed firmness cannot be expected
in the markets here. The Funds opened
this morning at a fresh fall of per cent., owing
to the statements transmitted from the Continent
of the movement of Austrian troops towards
Italy. PurcheSes foll Owed, however, and prices
are now quoted only 1 per cent. lower than they
closed yesterday. At this recovery the market
now presents a firmer appearance. Consols
opened at 951 to 951 ex div., for the 11th Jan:, and
are now quoted 96 1-16 to 964. For the -Feb. settle-
ment the present price is 96 3-16 to 96 5-16. The
Three per Cents. Reduced have been dealt in at 961,
'to 96;-1 ; the New Three per Cents. at 96Z to 96& ;
Bank Stock at 227 ; the Indian Four per Cent.
Debentures of the first issue at 9914 ; India Bonds
at 18s to 19s prem. ; the March Exchequer Bills,
at 40s to 42s prem. • ditto June, at 395. prem. In
the Foreign Stock Market the principal feature has
been a fresh fall in Sardinian Bonds, which have
been pressed for sale as low as . 86. A partial
rally has, however, since taken place.
The New Turkish Loan is rather weaker, 31to
31 dis. The Six pet-Cents. of 1854 are quoted 90/
to 91. Veneiuelan Deferred' Bdnds are lower.."
In the London Railway Share Market to-day, a
very limited business was transacted, and most of
the principal undertakings have further receded
about 4to 4 per cent. Caledonians have declined
to 881 ; EiStern Counties to 631; 631, ; .Lancashire
and Yorkshire to 984 •, North Western to 97 and
971 ' Manchester, Sheffield, and Lincoln to 394,
40 ; Midland to 1031 ; North British to 61 and 611 ;
NorthEasiern —Berwick, to 94 ' • and South Eastern
to 741,75. The Foreign lines are flat. Great Luxem-
bourg declined to 71, ; and Loinbardo-Venetian to
94. In the Colonial Market prices have also
tended downwards. East Indian have receded to
108. Grand Trunk of Canada, 361 ; the Great
Western of Canada brought 164. Punjaubs have
receded to 44. Joint Stock Bank and Miscellane-
ous Shares are at about former rates. City Bank,
641; Ottoman Bank, 201. Electric Telegraph,
1064 ; and South Australian Land, 371.
Respecting the movements in Mines during the
week, the Mining Journal of to-day, says

r • -
The small number of shares into which dividend mines
are divided, adds to the difficulty now experienced in the
Share Market, of supplying the demand which exists, and
is still increasing, for good mining stocks. This is a dif-

ficulty we have long hinted at.

E'he demand for shares

was some

years ago, but obtains a great impetus 6om the Stock
Exchange ; and it will be necessary, we think, to sub-
divide the shares in all dividend concerns into the number

judiced Cornishman must now see that the days of 256ths
have gone by. During the week the demand for a few
particular mines has been very great, and numbers of
orders could not be executed.

The movements of the Precious Metals during
the past week have not been important as far as
the imports 'are concerned, the only arrivals having
been about £1,500 from the Peninsula, by the
Tagus ; £6,781 from the Brazils, by the • Tyne ;
and about, £40,000 in silver, from the Continent,
making a total of £48,281. The exports have
been about £541,240, comprising £512,384 to the
East Indies and China by the. Ceylon, chiefly in
silver, and shipments to the Continent through the
London Custom House, estimated at £28,856.
The Gazelle statement of the movement of the
Precious Metals for the week ending Wednesday
last gives the following totals, viz.: Imports of
gold, 2322,310; exports of gold, £377,695 ; im-
ports of silver, £363,751; exports of silver, £13,304.
The London. Produce Markets opened on Tuesday
with a fair demand' for most descriptions of pro-
duce, and improved rates for some kinds have been
established. Numerous sales of Ceylon coffee have
been held, at which much spirit existed, and quo-
tations. range from 2s. to 3s. higher than at the
close last year. Of sugar, large quantities of
grainy qualities have been offered, and these show
a fall of 6d to is for white Benares, Madras going
off freely at about the former currency, while sorts
suitable for refiners bring full rates. The low sorts
of rice continue to attract attention, and are rather
dearer. Saltpetre is is to is 6d lower. Exten-
sive sales of spice are declared for next week. The
tea market.is firm.