The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-22 00:00:00

MONETARY AND COMMERCIAL,

LIVERPOOL, WEDNESDAY EVENING.
fair, steady business continues to be transacted
'ta our Cotton Market, at firm prices. The sales
i()„,(1,34' were 6,000 bales, including 1,030 on specu-
-",en and for export.
14.4 slight improvement was noticeable in the
lush in
Stock and Share Market to-day : not so
ltleit in the business doing as in the enhanced
teices. The following sales are reported :—Bir-
bnhead, Lancashire, and Cheshire, 65+ ; Black-
urn, 8 9-16 ; Caledonian, 301, 2; East Anglian,
'l3-16 ; Lancashire and Yorkshire, 96+ ; London
and North Western, 1068, I, s. 1,1, a ; Manchester,
Sheffield, and Lincoln, 332, +, 4; Midland, 821, a,
.9„, North British, 9 3.16; Dovers, 22+, ; Dutch
trthenish, ; Liverpool Commercial Bank, 121;
Liverpool Royal Bank, 392 ; and Royal
Insurance, 2.2 p. The market closed firm
at the following prices.—Blackburn, 8 9-16 81.
Chester and Birkenhead 65 651. Caledonian,
"°i 302 Chester and Holyhead, 181 19,
1,
4-,,Astern Counties, 91 91. East Lancashire, 231
$. Great Northern, 23 231. Ditto A Shares.
911. Great Western, 65+ 66. Lancashire and
tYorkshire Stock, 96+ 961. Liverpool, Crosby, and
Southport, 181 18+. London and North Western
Lincoln,
1061 106+. Manchester, Sheffield and
.I,44incoln, 33+ 34. Midland Stock, 82+ 821. North
urilish, 9 13-16 9 15-16. North Staffordshire, 42
84. South Eastern and Dover, 22+ 22 5-16
,taeottish North Eastern, 121 13 North Eastern—
Berwick; 21 218. York and North Midland, 29+
308- Leeds Capital Stock, 188 182. Buffalo and
fake Huron, 1+ x int 2,4 p. Dutch Rhenish, 4xd
ti.• Great Western of Canada, 24 9-16 24 11-16.
, Ditto New Shares, 21 22p. Great Luxembourg,
11 1011. Grand Trunk of Canada, 122 x int 121
The following traffic returns were received to-
daA:—Blackburn, for the week ending January 11,
021- Caledonian, 12,4131. Cork and Bandon,
Week ending January 17, 2071. Cork, Blackrock,
and Passage, 1641. Edinburgh, and Glasgow, and
Dumfries, week ending January 11, 5,1071. Man-
chester South Junction and Altringham, week
tilding January 11, 7731. North Staffordshire
way and Canal, January 11, 7,1371. St Helens
Canal and Railway, January 18,1,663. Warrington
.1,t,!.1d Southport, January 18, 1321. West Hartlepool
Barbour and Railway, January 16, 3,171/.
f The Money Market is little, if anything, changed
rcra that of yesterday. About 50.000/., or accord-
icg to another statement 80,000., in gold, was taken
from the Bank of Ent,land yesterday, for transmis-
t'en to the Continent, in payment for silver. This
Continued drain naturally excites a little uneasi-
,eas lest the Directors, with the view of arresting
it,u
are again compelled to advance the minimum.
This
absorption of gold is owing to the speculation
10 Silver, which has been increased by the demand
Lliathe East Indies, and it is fortunate, therefore,
! the requirements of the Bank of France are
comparatively limited, otherwise the stock of the
Precious m'tals would be even more seriously
affected. As it is, however, the aggregate has
gradually diminished since the Bank rate was
reduced from 7 to 6 per cent., and it cannot
inw be much above the point at which it stood
alien the authorities established the former
quotations.
rather pressure for discounts having recently been
tand di
oohisieovferf, many parties are prepared for the
9 per cent, to the present terms. On
puerchtaseer hand, however, it is thought that these
and as ail
aiorfsextver will soon be less extensive,
there is an Paris arc apparently recovering,
tendency Peetation in most quarters that the
in the terms of discount will be rather
in the contrary direction. To-day there was a full
demand for discounts at previous rates.
The public funds and securities opened this
morning at a reduction of per cent., but
leamediately recovered to the closing quo
Ations of yesterday, and remained so
du}ng the day. Consols were first quoted 931
fur the sth of Feb., and the close stand at 934
fhtl. For money the quotation was 931t0 The
937,ree per Cents. Reduced have been dealt in at
13,4 to 94 ; The New Three per Cents at 94 to *;
w'rlit Stock at 216 to 217/ ; and Exchequer Bills
"2a dis to 2s prem. More firmness was apparent
ill Some of the Foreign Securities, but Turkish 6
P 9!! Cents were at merely nominal rates, viz., 95 to
. The 4 per Cents for the account were 103+.
O
parlish 3 per Cents have been 401. Russian 41
Per
Cents. 961. Portuguese 3 per Cents, 631 ; and
Dutch 21 per Cents 644
i The London Railway Share Market was rather
firmer to-day, but there was little or no alteration,
with the exception of one or two lines prices re-
mained steady. Chester and Holyhead declined
58, Lancashire and Yorkshire ss, and Midland
about ss. In the French lines no business what-
ver has been reported, and the Canadian are
Inactive. Geelong and Melbourne improved about
53. Joint-stock Bank shares ruled dull, Bank of
Australasia declined 11., and Oriental Bank ss.
talon of Australia advanced ss. For Miscellaneous
shares there was little demand, and prices were
unaltered.
An improved state of feeling appears pretty
generally to prevail in various departments of the
Irish linen trade. It is true that as yet we know
nothing definite regarding the American spring
trade. By latest advices per Europa, the trade
had not rightly opened, and but little business
was doing in Irish goods. Although anticipatory
of
five
then approaching session, some heavy
a.gtku disadvantageous sales were effected—say
Ale or six weeks ago—yet the anticipations
o' a good season's trade are very generally
entertained among the best informed. Buyers
have appeared in Belfast from America, but we
have not heard that their operations were large.
Some of the eminent houses have been personally
tlr,ging trade. The home trade scarcely presents
such indications of activity as were recently ex-
Pected. The present is the period of the year in
Which many of the large English houses are well
disposed to invest, and sales at this period usually
Tuesday
the ordinary average. In Armagh, on
.`llesday last, the brown market was tolerably
Well attended. Linens, of the various descriptions
Wered, were in improved request, and pricss
wend fully maintained, if not slightly advanced.
In Lu.rgan, on Thursday, the market was fairly at-
tended. Lawns without alteration, Damasks and
"ulPers el:ti nged hands, at fully previous rates ; but
these rates appear still to be inadequately remune-
rative to a-nanutacturers. In Ballymena, on
Saturday, theta was an increased show of goods,
but rather less than usual activity on the part of
buyers.
In prictas, if any change, it certainly was
not in favour of sellers. Yarns show indications of
'ittoproaement. TOWS_ are still on the advance.
:liddle numbers of line command improved figures,
generally, spinners are but little disposed to
undertake contracts for future delivery at present
•ourrent prices.
The advises from most of the manufacturing
'4`striats of the North of England are generally of
ltve,r:v satisfactory character, although the exceed-
,,,glY high prices of both Cotton and Wool tempo-
' -,.`crilY check operations. The contracts in course
completion afford fair employment to the
°Peratives, and a confident feeling appears to
ir)r,ovail that business will soon become very active.
The orders from Australia and America are
increasing and the demand for fabrics for home
'as is rather more extensive,
2124 Paris Bourse has for some days been tt}ate-
Y by rumours of a probxblp
"crease of the capital of this institution. It is
Understood
; that a project of this nature is really
angaging the earnest attention of the government,
;id is likely to be decided upon; but very erroneous
`atements have been circulated respecting the
Thod •
c in which the funds thus obtained are to be
.017 Ployed. It is stated in ,quarters entitled to
,6edit that they will not be made available for
the
the note circulation, nor far stimulating
e floating speculation on the Bourse. question The
th of the modification of the statutes
Bank may be regarded as a distinct
" It is well known that the Bank is at
arese t
prohibited by its statutes from raising
rate of discount beyond six per cent. This
leetriction imposes upon it the necessity, when
`J‘lieci upon to act in self-defence, of materially
04t ailing the period for which it grants accommo-
-4'lon. For instance, it recently refused altogether