Northern Times.
Liverpool, Merseyside, England, 1857-11-10 00:00:00

THE NORTHERN TIMES.=—LIVERPOOL, TUESDAY, NOVEMBER 10, 1857

against 84,220,000 last year, and the quantity afloat is
11,177,995 against 18,931,800 in 1856, and 21,700,000 lbs
in 1855; the clearances continue good. On comparing
prices with 7th ult. there is a decline of' ld to lid on
common, and 21 to 31 on blackish leaf and Pekoe kinds
.of congou, whilst to effect sales on the fine to finest
grades prices are nominal, 2d to 41 on medium, goo .l to
fine greens, and all lowest descriptions very unsaleable.
Siest.—The extreme depression which has eharac er see
the market during the past month has caused a further
decline oa all descriptions of Raw Silk, particularly
Ch'nas, which have receded 2s to 3s per lb. At the.
public sales on 21st and 22'id ultimo, nearly the whole of
the Silks then offered were allowed to pass without ary
business being done, since which there has been no
improvement,—the want of demand from our home
manufacturers —the sudden cessation of the export trade
to France and America, —an accumulation of the Raw
material, and the probable tarp supplies likely to come
from China—have combined with the crippled resources
of the country to produce this extraordinary depression.
In Bengal Silks there have been no transactions of any
importance, and prices fir all fine Silks and European
Filatures are merely nominal. In Italian, Brussa, and
Persian Silks only a few bales have been sold, the former
at a reduction of 8s to 9s.per lb. from the highest poir t.
East India and China Silk Piece Goods: At the public
sales en the 4th and sth instant 78,000 Pieces of Corahs
were brought forward, only 15,000 pieces of which were
sold, the remainder being all taken in at p •evious rates.
Some good Choppah Baudannoes found ready sales, and
also some Crape Shawls—all other descriptions were
withdrawn. Gum Waste and Knubbs and flasks : The
few transactions of the month have been at a decline of
fully 63 per lb. on all descriptions, and the market is
exceedingly heavy. The Waste Spinners show no
disposition to purchase at any price however low.
Worn, : Few commodities have maintained so uniform
an attitude of firmness during the past two or three
years, as wool ; nor has any other article of equally
extensive consumption, possessed stronger grounds for
such a position, or a higher warranty of its continuance
—for what else could have been expected from a demand
supported by a harvest never more abundant, and acting
on supply, which in England, for the season, has not been
so small for the past twenty years ? But money rules
everything ; and by our present monetary regulations we
are chained to the misfortunes, however recklessly in.
dueed, of every nation we trade with—the entire business
of the United Kiug4om is at present para'ysed by a
panic in America, which, under a rational currency
system, ought legitimately to have affected our American
houses—wool of course forms no exception to the general
stagnation—transactions are difficult and limited to impe-
rative requirements—quotable prices non-existent,
—machinery in the manufacturing districts running half
time, with no irninediaee prospect of amendment. The
London Colonial sales commence on the 12rh inst., the
arrivals up to the s:h Nov. being 10,300 bales Sydney,
6,500 Victoria, 2,500 Van Diemen 's Land, 1 500 Adelaide,
1,529 New Z.taland, 17,780 Cape, total 40,109 bales; the
sales of low wool will follow, on Tuesday, tith December,
and will include 3,941 bales East India wool.

half time, and the inability of the dealers to dispose of
their stocks. The public sales in London commence on
the 12th inst., when about 40,000 bales of colonial will be
brought forward ; the quantity of East India will amount
to about 4,000 bales.

Vutific amuskmtntS.

COTTON : America❑ cotton has been much depressed
during the fortnight. prices are I#•i per lb. lower; East
India has likewise bee❑ freely offered, and the pressure
to sell has caused nearly a similar decline. S iles for the
fortnight 13,800 bales, s'ock 123,000 bales, against 31,000
bales last year, Weynott, Brazil., and Jumbaseer mid-
iioig fair to good 031 to 611 pet lb., Dhollera
5/d, fair to good ad to bid, Compta ordinary to
middling 411 to 411, fair to good 5/-d to 031, Mongarole
ordinary to tniUdling 430 to 40, foir to good 41 to 50,
Conerawatty fair to good 1.4./ to 610 per lb. There are
no sales to report.

COTTON was in brisk demand for a few days at the
commencement or October, but the advance in the rate of
discount checked the demand, speculators paused,
spinners bought only for their most immediate wants, and
with 2,000 and 3,000 bales per day prices declined only
to lin the trst three weeks. The position of cotton
app, ared safe, and ttere was no pressure to sell, notwith-
standing the very high rate of discount, but when
suddenly the Borough Bank suspended payment, a panic
ensued, co ton was forced off at very irregular prices, and
with a limited demand averaging 2,000 bales per day,
prices declined about F 1 per lb. On the 31st ult. a revival
came, cotton was more saleable at better prices, but' the
accounts from America per Niagara, coming again more
unfavourable, the demand fell off, prices declined, and
when the Bank of England advanced the rate of discount
to 9 per cent, business was almost brought to a stanl
still, and we closed yesterday with sales of about 800
bales, at quite nominal prices. The Manchester market
has followed ours, and the change has bees more rapid
there than here. A few weeks have wrought a great
change, spinners previously made large profi,s, and could
scarcely supply tha demand for yarn ; now their products
are nearly unsaleable, and they are mostly working short
time. Toe deman 1 for cotton from the trade has been
so limited during last month, and the Surat ships ha►e
come in so fast, that our total stocks show an increase of
19,000 bales compared with the 9.h of October. The
stock of American shows a small decrease. There is now
afloat of American 14,000 bales against 12,000 bales, of
Surat 58,000 against 81,000 bales last year. East Lelia
has :been more derressed than American. With the
tightening of the money market, ani the limited demand
for cotton, speculators who baaght so large y to arrive,
find it nearly impossible to realise, and winching fair
ll !ollora, which sold at 7d to 'Nei to arrive, may be bought
now at about Li 1, or at a decline of 1101 to 111 per lb.