Northern Times.
Liverpool, Merseyside, England, 1857-06-15 00:00:00

gONETAAY AND COMMERCIAL.

LIVERPOdi, Saturday Evening

The Cotton Market was not so active to-day, the
sales being only 7,000 bales, of which 1,500 were
on speculation and for exportation. Prices of all
kinds were firmly maintained.
The business transacted in the Liverpool Share
Market was limited, and the market exhibited a
downward tendency. The following were the
transactions :-Birkenhead, Lancashire, and Che
shire, 691; Caledonian, 3711 ; East Lancashire, 961;
Lancashire 'and Yorkshire, 1004 ; London and
North Western, 1031 ; Manchester, Sheffield, and
Lincolnshire, 434, a ; Midland, 834, In 4 ; Dovers,
24; Grand Trunk of Canada, 154;.. Great
Luxembourg constituted, 11 3-16 d. Liverpool
Royal Bank, preference shares, 107. The busi.
ness for . the next account was :-Chester and
Birkenhead 694 ; Caledonian, 374, 5-16; Lan-
cashire and Yorkshire, 101; London and North
Western, 1044 ; Manchester, Sheffield, and Lin-
colnshire, 44, 4,4; Midland Stock, 84. The closing
prices were as follows:-Blackburn, 8 13-16, 84 ;
Chester and Birkenhead, 694, 698 ; Caledonian,
37 1-16, 37 346 ; Chester and Holyhead, 18, 181 ;
Eastern Counties, 114, ll e ; East Lancashire, 964,
961 ; Ditto £9 sharee,l, 13.16 p ; Great 'Northern
244, 244; Great Western, 64, 64-; Lancashire and
Yorkshire, Stock, 1004, 1001; ditto £9 shares, 1,
1 1-16 p ; Liverpool, Crosby, and Southport, 19*,
191; London and North Western Stock, 103* 1031 ;:
ditto p shares, 3-16, s d ; Manchester, Sheffield, and
Lincolnshire, 434, 44 ; Midland Stock, 834, 834;,
North British, 104, 10 15-16 ; North Staffordshire;
5, 44 d ; South Eastern, 224, 223-16 ; Scottish North
Eastern, 124, 13; North Eastern-Berwick, 22 11.716,
22 13-16 ; York and North Midland, 34. 354 ; Leeds
Capital Stock, 221, 221; Buffalo and Lake Huron,
4,4 d ; Ditto New Shares, 2, d ; Dutch Rhenish,
14, 14 d ; Great Western of 4Canada, 23, 231, ; Ditto
New Shares, 14, 14 p; Great. Luxembourg, 11 3-16,
11 1-16 d; Grand Trunk of Canada, 154, 154. The,
continuations paid to-day were :-Caledonian, 4 ;
Eastern Counties, is 6d ; Lancashire and Yorkshire
Stock, 4, 11-16 ; London and North Western Stock,
; South Eastern, 2s 9d ; Great Western of Canada
; • ditto :New Shares; is sd, 1-16 ; Great Luxem-
bourg, 8d ; Grand Trunk of Canada, 2s 3d.
The demand for money was rather active til-iayn.
and full rates were current., Daririg the last two
days the. pressure • has increasd. On the whole,'
there has been less stability in credit this'week,
some provincial and metropolitan failures having
oceurred..-: These did not arise, howeVer, from im-
mediate pressure, but are more the result of old
engagements; and inability to continue with the
Money Market in an unfavourable condition. The
first suspension to allude to is that of Messrs.
Gotch and Co, of Bettering, bankers; whosd liabi-
lities on their note circulation.do not ekeeed 8,0013/
or 9,0001. It is thought that the private debts -of'
the establishment are large, but a dividend of 13s
or 14s in the pound is.-expected. The firm have not
been in good repute kir many months past, and they
have once 'before been nearly reduced tea state Of
suspension. In the case of Messrs. Evans, 'Hoare,
and Co...,connected- with the Australian trade, whose
failure took place on Wednesday, the amount. of
debts and liabilities is variously estimated at from
130,0001 to '180;000/ ; and as heavy consignments
have been made to Australia, the winding up will
in'a measure depOnd upon the remittances received
from Melbourne and Sydney. They operated
largely in•beer, wine, and spirits, and -the results
of many of. their trans actions have been very un-
satisfactory. When the :estate shall have, betin
investigated, it is apprehended that they will be
found to have traded on an insufficient capital.
Two or -three other smaller suspensions have
taken place, but it is ,unnecessary to enter
into the fall details. Some sensation has
been occasioned this week by the announce-
ment that an outside operator in the 'Public Funds
has become a defaulter to the whole of hie brokers,
having employed several members of the " house:"
His. transactions in Consols have included an
amount of from 200,0001. to 250,000 L, the differene
on which, although not exceedingly heavy, have
compromised his position. It has not . transpired
whether he was' largely engaged in other securi-
ties ; but the circumstance of his default caused
an.ue settled feeling for the moment, as his bargains-
has been ganorally en a very extensive scale.. It,
is said that having been a speculator for years
Past, he has paid large sums to the, house, and
his losses have been set down at as much as 70,009/
Tire brokers who•have been acting for him have
closed all his bargains, and have thus arranged'
the misfortune in the best way they could.
The market for the Public Funds and Securities
today was very dull. It is difficult to conceive a
more quiescent state of affairs than that now ex-
perienced in the Stock Exchange, and the attend-
ance of dealers and others is en,iceedingly limited.
Notwithstanding the additions made to the Bank's
bullion, the advance on, the Paris 'Beurse, and the
, satisfactory conditiOn of the weather, the quota-
tions cantinuesgatinUaryn but, although- there is
an absence of buoyancy, the market manifests
great strength. -Consols have been specially trans-
feered at 931 to 94, with the dividend. For the
9th proximo they have.been 93i, a,. ex dividend all
day. The New Three:'per Cents. are 924, 4, and
the Reduced 924,
,Bank Stock is 212 to 214.
Exchequer Bills were 2s dismount-
The following list shows the fluctuations in
Consols during the past week:-

Lowest Highest Closing
.. prices. pricer. prices.
Monday Money_ „ ..921 901
-s 927;
Account ...941 941 94i
uesday __Money ..921 921
Account ....948 941 941
Wednesday ...Money
Account ....93 931 931
Thursday . . Money ......93 ; 944 94,-;
Account ....93 93 93i
Friday Money 93,1 94 93;
Account 934
Saturday ....Money 93f 94 932
Account 934 934 931
The rates for the account since Tuesday have
been ev-divideud. In the London Railway Share
Market te-day the trasactions were limited, but we
have no change to notice in prices :-Great
N9rthern, Great Western, North Western, Midland,
and North Eastern (York) were all t better ; and
most of the other shares were supported at full
values. This was" making up" day, and the rates
of continuation" were light. In the Foreign
Market there were a few bargains, but they led to,
no particular variation Antwerp and Rotterdam-
were 6i 11, and Great Luxembourg also 6/ I.'
Northern of France and Paris, and :Lyons, were
firmer. Colonial shares were very quiet, and
Grand Trunk of Canada further, receded V. to 21.
The other undertakings were dull but steady.
The new undertakings, remained at nominal
quotations. The following were the closing
prices :-Arnbergate, Nottingham, Boston, and
Eastern Junction, SZ, 51; Bristol.. and
Exeter, 89, 91; Caledonian; 74k, 741 ; Chester and
Holyhead, 36, 37 ; Eastern. Counties, 111, 11/ ;
E tst Lancashire, 97, 98 ; Edinburgh and Glasgow,
60, 62 ; Edinburgh,. Perth, and Dundee, 33, 34
Great Northern, 97, .98 ; Great Southern and
Western (Ireland), 103, 104 ; Great Western, 644,
644; Laneasi.er and Carlisle, 70. 74 ; Lancashire
and Yorkshire, 1001, 101 ; London, Brighton, and
S uth Coast, 111, 112 ; London and North Western,
103/. 1041 ; London and South Western; 100 k.
101 ; Manchester, Sheffield, and Lincolnshire,
431, 44 ; Midland, 831, 84; Midland, Birmingham,
aril Derby, 54. 5.5 ; Norfolk, 61, 63 ; North British,
43'434 ; North Easternßerwick, 94 911; North
Staffordshire, 5, 44, dis.; Oxford, Worcester, and
Wolverhampton,. 32,
.34 ; Scottish Central, 105,
107; S ottish Midland, 69, 71 ;South Eastern, 74 741;
South Wales, 871, 881 ; Buckinghamshire, 93 95;
Hull and Selby, 106; 108 ; Eastern Counties Ex.,
5 per Cent. (No 1), t,- ; East Indian, 108, 109 ;
Grand Trunk of Canada 61, 62; Great Indian
.Peninsula, Gua. 5 per Cent , 21, 211 ; . Great 'West-
ern of Canada Shares, 23, 234 ; Madras Gua. 4/
per Cent., 19, 20 ; Do. 41 per Cent. Ex., it dis.
pa). ; Scinde Gus. 5 per Cent., LI, 11 pm. ; Eastern
of France, 29, 291; Great Centralof France, 24* 25
Great Luxembourg, Constituted Share, 61 7 ;
Lombardo-Venetian, 4i, 51 pm. ; Lyons and Ge-
neva, 281, 291; Namur and Liege, 8,8/ ; Northern
of France, 381, 38,1;. Norwegian Trunk Preference,
81, 94; Paris and Lyons, 581, 581; Paris and