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

f
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• .- •
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! THE NORTHERN TIMES.--LIVERPOOL THURSDAY.
.......I,
,-.Mi1ma............w...ma
ill 1 - .
to t ennuttl 1.1 0116111. greatest demand; there is also good enquiry for small MONETARY AND COMMEEC Ar... ' .13:en inflicted, but each individual shrinks from THE POS
on ' • coasting vessels, from 80 to 200 tons, adapted for taking • .tie Trouble of performing the public duty of step-
the ground, and for vessels suited to the West India png forward to organise measures for obtaining a
t7Thi
try
THE WOOL TRADE, trades, and that will shift without ballast. LIVERPOOL, WEDNESDAY EVENING. -
al y .
There is not much alteration in the price of British This being stock taking day, but little was done remedy. This apathy of the mercantile body has
been shown of late years in numerous cases, and
be 1 . T The wool trade, during the past twelvemonth, has been built ships from last year, and our quotations remain the .
in the Cotton Market, and thesales since Thursday denoting, • •
ar, 1 = a very satisfactory one, both to importers and to the same.t d tl t 'd l' of n-
aoting, as i oes, la consi era ions mome
ire ; • home grower; at 50 600 bales, against
the demand has been throughout in excess Screw steamers of all sizes, being in good working last are estimated . , 4,324
bales imported. The estimated stock
.of cotton tiry personal convenience operate more powerfully the poor, by t
The
i ap
forwardingte tde
1. nam
at'
a post office c
an I ' of the supplies, and has left us at the close of the year order, are much in demand,
this day was 284,600 bales, but the actual stock is tan
any matter of general principle, it is an un- addressed to I
ter I with very scant stocks of most kinds, and quite bare of Colonial-built ships may just now be quoted as follows :
sat may descriptions. Although some short wools have not —Very superior St. John's, Miramichi, 'and Quebec, to only 281,430, being a decrease of 3 170 bales. The pleasant feature of the period. the Westmin
the ground th
.
stock of cotton in Liverpool on this day twelve Several journals have circulated a statement that
an . oy participated in the otherwise general advance, there class 7 years Al, £7 lOs to £8 5s ; ordinary, .x 77 to •eto7
.en is a fair prospect that ere long they will feel the improve- Is; classing 4 years, £5 5s to .4'6 6s; inferior, £4 15s
months was 486,465 bales. The price of cotton tie Turkish Government has just contracted a in the order,
, meat, an reach their proportionate value. The most .15. fieshloan of 35 millions of piastres. The sum of the compti
is-
rte improvement has prevailed in all descriptions of Prince Edward Island and Nova Scotia—in fair de- has advanced this week Id per lb. in American and
Pas
, "icQuilM and in fine clothing wools, and has been in no mend—say from £6 to lOs ; the majority are worth Surat, and.l to ld per lb. in Brazil and. .Egyptian. •
. The quotations for fair cotton to day were— actually borrowed by the Porte is 20 millions of .received, wh
t s or say
pus re. , 150,000/. ; and the lender of the upon the prey
ittvdavye,.checked by circumstances which have usually proved from .e 4 to .e 5 per ton. used the nam
-se to high prices of produce. The high rates of Toe most marked feature of the past year, is the very in- m)ney is the Ottoman Bank. We understand that
ed, , Upland, 71 ; Mobile, 71 • and Orleans, 7/ e the Bank hal secured terms fully as advantageous although that
interest, and the restrictions as to any but short dated creasing favour to which iron ships have succeeded. with '
The Liverpool Share Market was very firm time. The et
or- . "Ls', would doubtless have brought about a lower range our shipowners.. The great obstacles to their use, being for as those conceded to other parties who recently
at ' of prices, hut for the positive scarcity which has existed Mr. Arnold a
I and still continues.: the most part overcme (we mean the proper adjustment of to-day, with a fair amount of business doing. The ministered to the pressing necessities of the again
ies = 1, refused
Government.
ot. 7 As has been the case in former years, the bulk of the the compasses and preserving ihs bottoms from fouling), sales reported were, Belfast and Ballymena, 54,
Chester and Birkenhead, 18; Do. 221 shares, 14 3 16; by name to
Australian wools landed here has been forwarded to Lou-•••-
les they are destined to occupy a place in our merchant service
till lately never anticipated.
issued We be to ,direct your.att.en- Blackburn, 6/ 1, 9-16, 1,, 11-16 ; East Lancashire, Commerrtai intelligence. philanthropy
nt. den 'there has, however, been a percep ible increase in
11 16; ' Great Western, 691 ; Lancashire and ' necessitous ti
be the quantity retained for sale in this market, and certainly don to the following rule by Lloyd. s association, 2.3 k
the Christian
. . the prices obtained have been such as to recommend it to respecting the class to which iron vewssheileshwaillteirnmfuotfuryeeabrse Yoar'kshire, 971, i• i• ,i -73- ; London & North Western, LIVERPOOL COTTON MARIU,T.—Dee. 31.
ITS importers as the inlet advantageous one for these, and admitted :—" That all iron ships to 108 Z-, 7, 61, ;D. 'Fifth Shares, 201; Manchester, rills week. •frequent chaff
v. enience, tro
of also for Cape and New Z ?Aland breeds. The demand for has not hitherto been assigned, shall, upon the first con- P..cespaid Cum. Prices.r.
Sheffield, and Lincoln, 341,1 ; Midland, 823, 3,2 i• import Sales. Description. this week- Hid. Fair. ttoinickgst..
_- -- if the postal
all Eatre Rio's wools has been constant and animated, and venient opportunity, be surveyed for the purpose of assign- , —..
we , . .
notwithstanding the large quantities received here, some inc.* to them a term of years as an, original classification on Dovers, 24 1,. 5-16 ; North Union A, 237 ; Grand d. d. d. d.. peace in his
ow- hundreds of bales have been drawn from the continental the character A, which term shall, after the let January Trunk of Canada, 141- •; Great Western of Canada, 1372 3 675:::0; Suea Island -6t031 14 15/ public, and i
he markets by English buyers ; the stocks here have been
_. next following be inserted in the reei „ s r book, it shall
te If pland - - fii to 71 7*
24i ; Do. new, 21, -2-, 11-16 p ; Liverpool Corporation, .. es3o Mobile --6* to 7ir 7 7-16 778( 179750 pay to," Th,
long since exhausted, and they are very Much wanted. then be found that the term of yea' s for which a vessel would of 4 7*
Mestia t, Cordova, and low Buenos Ayres have been Bonds, seven years, 87i :—The closinz prices were ..'' 18290 New Orleans 51 to Si 7*
1542 3710 Brazil - - - 7 1-16to8i 7/ 7i 19720
;es taken, and fresh supplies will meet an immediate and have been entitled to remain on the A character has as follows, being the highest quotations of the day,
1410 4570 Egyptian -- 7 to 91 3 71 32580 A LIT
in-, ready sale. expired, she will be classed 2E, if entitled thereto, unless viz :—Aberdeen, 131 13/. Blackburn, 8 11-le 81 ~ .. West India - to 7i 76 690
ms The better kind of Italian fleece and shorn lambs, and snecially surveyed for continuatim or for restoration. Chester and Birkenhead, 18 181. Caledonian, t• • 9210 East India .-4/to 51 5* 51 518410 At the Ma
ie. also skin lambs, have met with a fair sale, but the inferior Whenever the engines or the boilers of iron steam ships are 311 31/ Chester and Holyhead 19 19i. ____ _____ __ ____
. - . .- , . . s a--
4324 50600

greatest demand; there is also good enquiry for small
coasting vessels, from 80 to 200 tons, adapted for taking
the ground, and for vessels suited to the West India
trades, and that will shift without ballast.
There is not much alteration in the price of British
built ships from last year, and our quotations remain the
same.
Screw steamers of all sizes, being in good working
order, are much in demand,
Colonial-built ships may just now be quoted as follows :
—Very superior St. John's, Miramichi, 'and Quebec, to
class 7 years A 1, £7 lOs to £8 5s ; ordinary, .x 77 to £7
Is; classing 4 years, £5 5s to .4'6 6s; inferior, £4 15s to
45. •
Prince Edward Island and Nova Scotia—in fair de-
mand—say from £6 to lOs ; the majority are worth
from •e 4 to .e 5 per ton.
Toe most marked feature of the past year, is the very in-
creasing favour to which iron ships have succeeded with
our shipowners.. The great obstacles to their use, being for
the most part overcmie (we mean the proper adjustment of
the compasses and preserving the bottoms from fouling),
they are destined to occupy a place in our merchant service
till lately never anticipated. We beg to direct your atten-
tion to the following rule issued by Lloyd's association,
respecting the class to which iron vessels will in future be
admitted :—" That all iron ships to which a term of years
has not hitherto been assigned, shall, upon the first con-
venient opportunity, be surveyed for the purpose of assign-
ing to theni a term of years as an- original classification on
the character A, which term shall, after the let January
next following be inserted in the register book. If it shall
then be found that the term of yea' s for which a vessel would
have been entitled to remain on the A character has
expired, she will be classed .7E, if entitled thereto, unless
specially surveyed for continuation or for restoration.
Whenever the engines or the boilers of iron steam ships are
taken out, the vessel shall be submitted to a particular
and special survey." This rule comes into force this day.
We must also call attention to the rule recoiring that "ships
which proceed to sea without being fastened with the iron
knees and riders prescribed by the rules, will have one year
deducted from the period to which they would otherwise be
entitled to be classed in the register book." If this work
be really well done, the iron riders well fitted and bolted
with copper from the throat to the floors, the advantages
will be considerable. We cannot augur favourably from
the specimen we have seen so far. There is also a new rule
requiring that all fir ships, from 600 to 1,000 tons, when
the length exceeds five times the beam, shall have diagonal
iron plates upon the frame, to which the attention of
builders is respectfully directed.
QUOTATIONS OF PRICES OF SHIPS FOR 1856.
Vessels. Classed.
New British-built, with Baltic outfit A 1 13 yrs, 'l7 lOs to 420
Do. do. 12 „ 15 17
Do. do. 10 „ 12 14
Do. do. 9 „ 10 10 13 io
Do. do. S 10 it le
Do. do. 7 9 10
To class.
Neff Miramichi, with original outfit 7 yrs. 7 5 8 5
Do. do. 6 6 7
New St. John (N. 11.) do. 7 710 8 5
Do. do. 6 „ 7 7 10
New Quebec do. 7 7 7 15
Do. do. 6 SO 6 6 10
Do. do. 4 ~ 4 10 6
All single-bottomed.

Yorkshire, 971, a, 1' 8 ; London & North Western,
1064, 7, 64, 4 ; Do. Fifth Shares, 204; Manchester,
Sheffield, and Lincoln, 344, 4 ; Midland, 821, 3, 21; I
foyers, 24 1. 5-16; North Union A, 237; Grand
Trunk of Canada, 144 ; Great Western of Canada,
244 ; Do. new, 21,1-, 11-16 p ; Liverpool Corporation,
Bonds, seven years, 874 :-The closing prices were
as follows, being the highest quotations of the day,
viz :-Aberdeen, 131 134. Blackburn, 8 1146 84
Chester and Birkenhead, 18 184. Caledonian,
311 314 Chester and Holyhead, 19 194.
Eastern Counties, 91 9 516. East Lancashire,
23 11-16 231. Great Northern, 224 224. Ditto I
A., 91 91-. Great Western, 694 70. Lancashire and
Yorkshire Stock, 971 971. Liverpool, Crosby, and
Southport, 184 181. London and North Western
Stock, 107 1074. Manchester, Sheffield, and
Lincoln, 344 341. Midland Stock, 83 834. North
British, 10 104. North Staffordshire, 54 40. South
Eastern and Dover, 22 5-16 228. York, Newcastle,
and Berwick, 20121. York and North Midland, 30
304. Leeds Capital Stock, 184 18k. Buffalo and
Lake Huron, 14 24p. Dutch Rhenish, 11-16 1p
Great Western of Canada, 241 241. Do. New
Shares, 24 21p. Great Luxembourg, 101 101 d
Grand Trunk of Canada, 141 141
There is not any cessation in the demand for
discount accommodation both in Lombard street
and at the Bank of England, consequently the
rates are stiff, and full terms are charged for first
class bills. During the next month some heavy
calls will have to be paid on the shares of the
National Discount Company, the Bombay and
Barctda Company, the Tilbury Extension, &c., so
that the members of the Stock Exchange are ready
borrowers of capital at high quotations. At the
present moment, therefore, there is no immediate
prospect of any further alteration in the minimum,
but after the distribution of the January divi-
dends greater ease, will, no doubt be experienced.
We observe that the efflux of gold to the Continent
although materially checked, has not yet ceased;
about 180,0001. of the specie brought by the Red
Jacket, having been taken for France. The re-
mainder, it is expected, will be sold to the Bank of
England, 65,0001. having been delivered yesterday.
It is not known whether the portion sent away is
for the Bank of France, but the circumstance ex-
cites little remark, because if we canmanage to keep
a fair ,proportion of these specie receipts in this
country, the Bank of England will soon have an
ample stock of bullion in its vaults, The advises
received relative to the production of gold in Vic-
toria-, are very encouraging, for, notwithstanding
the severity of the winter, which had greatly re-
tarded the operations of the miners, the yield bad
exceeded that of prior years.
To day the market for public securities was
rather dull, nevertheless. the quotations of yester-
day were maintained. There were very few bargains
and no disposition to speculate to any extent was
evinced. Consols are 941 afor the Bth proximo,
and 941 4 for the sth February. The New 3 per
Cents are 941 k, the Reduced 944 4, and Exchequer
Bills 2s discount to 2s premium. Bank Stcck is
2161 and 218
In the. London Share. Market, there was rather
more business and increased buoyancy was
displayed in prices. Great Northern im-
proved 10s, Lancashire and Yorkshire lOs,
North - Western 10s, South - Western 12s 6d.
Nort Eastern, Berwick', 15s, and -South Eastern
15s ; Brighton, Manchester, Sheffield, and Lin-
coln, and Caledonian were steady. Great Central
of France advanced ss, and Great Western of
Canada, ss. Grand Trunk of Canada are quoted
561 571 for the 100/ stock fully paid up. The
sales of the day included the following :-Cale-
donian, 634. Eastern Counties, 91. East Lanca-
shire, 94. Edinburgh and Glasgow, 544. Great
Northern, 914. Great Western, 694. Lancashire
and Yorkshire, 971, 7. London and. North Wes-
tern, 107, 2. Midland, 83, 21 North British, 40.
South Eastern, 744.
The trade with Australia has of late been very
active, the departures for the past three months,
being fully twice that of the quarter ending
September 30. The number of vessels sailed for
Australian ports from Liverpool in the months of
October, November, and December 4 were. 37 of a
tonnage of 42,668 tons, and with 7,BBl:passengers,
against 23 vessels of 22 244 tons, with 2,758
passengers, in the months of July, August, and
September. There are 24 vessels advertised to
sail for Australia from this port in the month of
January, viz , 6 for Sydney, 10 for Melbourne, 5
for Adelaide, 1 for Hobart Town, 1 for Launceston,
and 1 for New Zealand. The following is the
present rate of freight from this port to Sydney,
30s ; Melbourne, 37s 6d to 45s to the Bay, and
42s 64 to 50s to the Wharf. Adelaide, 30s to
32s 6d.

The better kind of Italian fleece and shorn lambs, and
also skin lambs, have met with a fair sale, but the inferior
torts have found less favour. Of Zlcrai and Alogador the
receipts have been smell the growth of these has for the
most part been sent to the continent. What did find its
way to this country was eagerly competed for by the
trade. The merino qualities el Peruvian and Chilian
wools have been much sought after, and have sold readily
'arrival at very full prices. The medium and lower
qualities of Peruvian have been for some time out of
demand, and suffered a reduction in value, but the trade
latterly have shown more disposition to buy, and it is
probable that ere long there will be more life in these
descriptions, • There has been a good demand throughout
the year for Alpaca and Vicuna wools, and as all accounts
from the other side agree in reporting a short clip, it is
not improbable that the present value may be further
advanced.

ACTUAL STOCK—Sea Island, Upland, Mobile, z. nd New Orleans,
173.181 hales; Brazil 4, 27 170 b les; Egyptian, 25,060 bates; West
Indies. 660 balers ;Test Indies, 55 360 bales ; total, 281,430 bales.
By the above table the actual stock is less than, the esti.
mated, iu American 6,570 bales, Egyptian: 7,520 bales,
West India 30 bales . 14,120 bales.
And exceeds in Brazil 7,450 bales, East India •
3,500 bales 10,930 ~

Total decrease in stocks 3,170 bales.
Qaotatations of American are raised fully id per lb.
Quotations. of Brazil are id per lb bigher.
Quotations of Egytian are advanced id to id per lb.
Quotations of Surats are id per lb higher.

In Frontier, Alentijo, and Spanish the transactions
have been restricted for want of stocks, but Oporto and
Castel Branco classes, from the scarcity and high prices
of English fleeces have gone very largely into consump-
tion, and have risen considerably in value, the quotations
being fully 2d per lb higher than in the early part of the
year, and some considerable purchases have been made
for arrival.
There has been avery extensive demand for Egyptian,
Albanian, Bosnia, Servta, Donskoy, and other deep grown
wools. The consumption of these descriptions has been very
large indeed, and has nearly cleared off everything in first
hinds. In home grown flocks the inadequate supply has
been even more remarkable. We commenced the season
with scarcely any old stocks, and at the present moment
there is a very limited quantity of this year's clip left
unsold. There has, latterly, been considerable excitement
in English wools, and prices of some fleeces are 6d per lb
,in advance of the quotations current at the corresponding
period of last year.
East India wools have been in great favour, and have
always sold with spirit. Four series of public sales were
held during the year, at which some 35,000 bales passed
the hammer, and the prices realised must have been satis-
factory to importers, notwithstanding that the cessation
or the demand for army purposes somewhat depressed
abort grown assortments.
We beg to refer to our usual annual\ table, showing the
imports for several year past ; it will be observed that
there has been a considerable increase in 1856. Also, the
comparative quotations on the Ist of January, 1855, 1856,
and 1857.
All concerned in the wool trade of this port are
much indebted to the enterprlie and liberality dis-
played by the Dock Committee, in the erection of the
splendid range of store and show rooms for wools at the
Wapping docks thrown open during the past year. There
is but one opinion as to the excellence of the planning and
arrangement, and as to the advantages likely to ensue to
the wool trade of Liverpool from the great accommodation
thus afforded.
The closing month of the year has been marked by
considerable activity, and a very extensive business
would have resulted but for the limited quantity offering
for sale by private treaty. A. few hundred bales of
Australian have changed hands at an advance of lid to 2d
on the last London sales, and there continues a strong
demand. Sales to arrive are reported in Donskoy fleece
at 10d per lb, and more money it is said has since been
given"; there is nothing of good quality on the spot.
Bosnian and Albanian wools have been sold at full value.
The demand has been great for Egyptians, butthe stock is
r
ezerved for the approaching series of public sales, which
wit. commence on the 15th iust, and will comprise about
. 600 bales of this description, some 11;000 bales of East
India, with about 5,000 bales of sundries. The imports of
Albanian, Servian, Bosnia, and Egyptian wools are far
lor:low the consumptive
a requirements
goodequirements, and a large quantity
es.
could now be cleared Peruvian wools has reached_ a
fepwrichu ndrTedbebablulositnse, sasnidn
some 3,000 ballots Alpaca have been placed to arrive at
off'quotations. Oporto wools are again higher, and we
are bare of stocks.
Some heavy transactions have taken place in laid Che-
viot; the sales of this kind alone reach 3,000 bags, the
stocks being cleared, and very little remaining procurable
inheSechoutliaeendi.s
vet
have been small sales in cross, but
,of laid Perthshire united. Early in the month fair sales
made at Iw4isl
since been refused
Price. White for s, u
good quality hetg. no2t4 now but
tmiess any
hlla.unrlEhas brought l9s, but there is no
few, and the stock is small.
Victoria Buildings ish the transactions have been
; Backin's Ile
PERKINS & ;ROBINSON.
Liverpool, list Jan.,
1857.

LIVERPOOL (SCOTCH) PIG IRON MARKET. —DFC. 30.
Our market for warrants closes at cash; 74s 63 for
three months open, buyers.
Shipments from Glasgow, last week
Do. Do., corresponding week, 1855
Do. Do., corresponding week, 1854

Aggregate shipments from Glasgow from Jan., 1856, to date.. 501 451
Same period, 1855

Decrease
Price this time last year, 74s 6d

25,411

AGRICULTURAL PRODUCE MARKET.—DEc. 31

-- .
Per stone, 20Ibs. Per sollas. s. d. a. d.
a. d. a. d.iPO'StOett, Seedlings 310 to 4 0
Hay, 01d...... 0 6 to 0 &Ditto, Kemps .... 310 to 4 1
Ditto, new.. 0 0 to 0 01 Ditto, Whiterocks.. 3 4 to 3 5
Ditto, clover 0 s 0 7 Ditto, Balshaws .. 3 3 to 3 4
Green Clover
Vetches 0 .0 to 0 oDitto, cattle ..
Straw, wheat 0 ti to 0 3' Per ton.
Ditto, oat .........0 23 to 0 3 Turnips l7 It to 19 0
Ditto, barley .... 0 2i to 0 2ilCarrots
Oats, in stray, .... 0 ) to 0 olf angle wurtel 0 II to 0 0
Manure 5 6 to 7 6

CURRY & CO.

SHIPS AND SHIPPING.
----
Herewith we have the pleasure to hand you our cus-
totlnary annual summary of the past year's business in the
sale of ships at our port. The result is about as satis-
ae:ory as that of 1855, but very different from the antici-
pations of builders and holders at the commencement of
the year, who generally looked to a steadily increased
demand, with better prices, as the year advanced,
freasonably believing that in proportion as we removed
from a sta.te of war to that of peace we should find Con-
siderable improvement in shipping as in every other
department of trade, in place of which, the have had to contend against the combination of low freights almost
everywhere, and a vastly increased price of money, and
were it not for the steady enlargement of the trade of the
'country, and of our port-, in:particular, combined with the
necessity of supplying the enormous losses in shipping
which have arisen in 1855.6, we should have had a very
different year of business to rep-4rt. The number of
vessels year
in 1855 on or near the coast of the United
Kingdom amounts to 1,141 sail, making an aggregate of
been
176,600 tons. The official returns of 1856 have not yet
completed ; there is, however, too much reason to
believe
that the destruction will be nearly if not quite equal to
of 1855. At no period of the year have we been
*without a full supply of ships of almost every class and
size, at all times exceeding the demand, still we have not
thefound many sellers disposed to give way, nor abate from
ir prices, which we take as a good indication of the
hy condition of this branch of trade, and though the
tendency cf prices has been distinctly downward, in no
month of the year has the abatement exceeded 12s per
tog, except for some few Colonial 7 years' classed vessels
of large size that were sold at prices leaving the builder a
shade under -t-'7 per ton. We may, therefore, quote tho
average price for the past year of rst class St. John's and
other Colonial ships at 47 lOs tot '.7 15s of from 1,000 to
1,‘,00 tons; some few of superior model and finish from
500 to 750 tons reached, and in a few instances exceeded
£8 per ton. We need hardly observe prices and demand
fluctuated in proportion as themoney market rose and
fell._

The following is a statement of the traffic on the

Grand Trunk Railway of Canada, for the week
ending Nov. 29th, 1856, and corresponding week,
1855 :-1856, Passengers, 17,550 k, 45111 3s 21d ;
Merchandise, &'., 89391 tons, 6067/ 153 6d; total
receipts, 10,5781 18s 81d —1855: Passengers, 7707,
20051 Gs ld ; Merchandise, &c., 62931, 3720115 s 5d ;
total receipts, 57261 is 6d.—lncrease for 1850:
Passengers, 98431, 25051 17s lid ; Merchandise.
&c., 2640 tons, 2317/ Os Id ; Receipts, 48521 17s 21d,
Two commercial failures are reported, and a
third establishment is spoken of as being in diffi •
oulties. A few disasters of this kind are usual at
the termination of the year, but the general con•
dition of trade being prosperous, they excite no
uneasiness.
In the Wool Market there is an active demand
for all descriptions, and as the stocks are light full
prices are obtainable for most kinds. The accounts
received yesterday from Melbourne mention that
the wool trade in the colony was rather quiet, as
buyers were awaiting advices relative to the London
sales held in July. The statistics of exports de-
rived from the Customs returns showed that the
shipments had rather diminished. From Octo-
ber TO, 1854, to August 31, -1.855, the exports
of, this staple from Victoria were 14 878,281 lbs,
but from Oct. 10, 1855, to Aug. 30, during the pre-
sent year, there were 11,717,617, being a reduction
of 3,160,664 lbs, or about 10,500 bales. It was
generally thought that the supply would decrease,
as many large growers had directed their attention
to cattle, instead of breeding sheep. Our usual
annual review of the wool trade will be found in
another column.
The excitement in the Tea Market has subsided
and there has been some reaction after the extra-
ordinary rise of Monday. By a :misprint in yes-
terday's paper, it was stated the rise in the better
qualities was 2d to 10d per lb, this should have
been 2d to ld, the tendency of the market being
a falling one, and inducing the London brokers to
quote the higher advance first.
The recent judgment of the Court of Error,
rendering all warrants for goods liable to be pro-
nounced worthless, even in the hands of a bona
fide holder, if the title of the person from whom
they are taken can at any stage be shown to have
been defective, continues to excite great uneasi-
ness among all classes of the commercial corn
inunity. Bankers and capitalists accustomed to
make large advances have an equal interest in
the question with the importing houses, and all
the daily operations of the vast trade of the
kingdom are more or less connected with it.
Yet nothing is done to meet the evil. Every one
admits that a blow more fatal to the smooth and
confident transaction of business could not have

The demand from France and other continental markets
has been very limited indeed, owing chiefly to the enhanced
price of money. Before the close of the war with Russia
many buyers withheld from operating, under the impres_
sion that the ships and steamers employed by our Govern_
meat and allies, when liberated, would glut the market.
Very few sailing vessels remained in the Black Sea at
the close of the war, and such as were not engaged to
brin, war stores back to this country, were quickly
absorbed in other trades, while a large proportion of the
steamers, in good working order, were either replaced on
their original stations or purchased or chartered by New
Joint Stock Companies that have been broirght into exist.
once under the enticing provisions of the New Limited
Liability Act.
The number of ships on sale here now is as follows :-
118, equal to 55,488 tons (see annexed list). This is
doubtless a large stock ; there are, however, considerably
fewer building, or to come forward from the colonies than
vi ere on the stocks or looked for this time last year.
The number of ships that have changed hall"in the
Year is 694, equal to 328,991 tons, against 601, equal lto
277 605 lens in 1855. Of these 95 are new British, equal
to 4J,969 tons, against 84, equal to 37,072 tons in 1855, and
12 are foreign, equal to 9,238 tons.
Tl.e number of new colonial vessels that have arrived
in Liverpool and been sold, is 91, equal to 62,546,
102, equal to 70,911 tons in 1855, showing a decrease of 11
ships, or 8,365 tons, on the return of last year, and making
the average of each vessel 687 tons. againstl
The number of British ships sold to foreigners is 40,
qual to 12,925 tons, against 51, equal to 17,387 tons in
1855, and 20, equal to 9,462 tons in 1854.
The number of steamers that have changed hands is 26,
equal to 7,936 tons, of which 12 are screw, and 14 paddle.
'I PPli Of British second-hand ships, our report of last year
es, very few have appeared on the market, although
there has been regular and constant enquiry for them,
obtained for such as have had a few years of unexpired A
class ; these from 500 to 700 tons have been in the