Northern Times.
Liverpool, Merseyside, England, 1857-10-02 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Thllndfly Evening.
The Liverpool Cotton Market remains very
steady, and prices are firmly maintained, The
sales to-day were about 7,000 bales, 500 of which
were for export and for speculation.
As so much interest is taken in all that concerns
Cotton, the following extracts from eirculanz, dated
Bombay, 29th August, will be read v,i'.ll interest.
The entire exports to England, it wilt be noticed,
have been only 13,800 bales during the m.nth of
August.

Messrs. Martin, `tune, and Co. say :
Our Cotton market had been quiet, though prices had
been fully maintained, in the early part of he month ; but
since the arrival of last mail from home there has bsen
again considerable excitement, and purchases have been
made at an advance of from rs. 8 to rs. 10 on previous
quotations. As much as rs 1503 per candy has been paid
for Dollera, -which is almost the only description now
available for immediate delivery ; what is left in the
shape of Broach and Ontrawallee being of very inferior
quality. Our stocks may almost be said to be completely
exhausted, and the business lately transacted has been,
therefore, ch efly for future delivery. For Dollera, to be
delivered next month. rs 149 has been freely paid, and
for a month later, rs. 146 per candy. Gulch has been
contracte i for at rs. 144 Compta at rs 140, sawginned
Compta at rs. 149, and sawginned American seed at rs 165
per candy—all for November and December delivery. In
all, the business of the month has amounted to about 25,000
bales. Further supplies from up country, though now
daily looked for, have not yet begun to reach us. Ship-
ments to England, during the month, have been light,
having only amounted to 13,825 bales ; but the total
export since Ist January still shows an excess of 53.187
bales on last year For China there is n thing doing.
The followiug is from V.ekart Brothers,' circular :
Sine our last report, da,ed 13th instant, heavy rains
have continued for about another week, when the weather
commenced to clear, and the past few days have been
pretty favourable. We cannot, however, look for fresh
supplies of the staple from the Upper Districts for a fo t-
night to Come. and even then they will at first arrive but
slowly. The last mail frcm Europe arrived on the 21st
instant, and brought us the news of the advance in Liver-
pool of 4- to per cant , which, coupled with our present
reduced stocks, produced an immediate considerable rise
in the rates of our market. At these advanced prices
extensive purchases are, however, being made, both of
ready goods and fir future delivery. The delivery to take
place at a liter date even than those mentioced in our last
report. In some of the cotton districts the excessive rains
have produced indandation, and it is feared that in those
parts the ensuing crop wilt not be as ear's as usual, nor
in a first-rate con iition.

The Liverpool Share Market improved materially
this morning, and, after some fluctuations, closed
readily. In Midlands an advance of 3 per cent.
occurred, and in London and North Western 14
per cent. Dovers also improved 7-16th per share.
The day's transactions were as followe:-Eastern
Counties, 114 ; East Lancashire, 91, 911; Lancashire
and Yorkshire, 964, 968, 964; London and North
Western, 904, 97, 964, 97, 974 ; Manchester, Shef-
field, and Lincolnshire, 404, 404, 404, 40i ; Mid-
land, 824 83, 834, 84 83, 821 824, 824, 823, 834,
83; North British, 12 3-16; North Eastern, 23;
York Capital Stock, 39 ; Leeds Capital Stock, 241;
Dovers, 194 ; Grand Trunk of Canada, 114, 11 1-16,
114 ; Great Western of Canada, 21 ; Do. New,
par ; Royal Insurance, 4p. The following were the
closing prices :-Blackburn, 74, 8; Chester end
Birkenhead, 654 66; Caledonian, 425, xd, 497.'
Chester and Holyhead, 164, 164; Eastern Counties,
114, 114 ; East Lancashire, Stock, 914 92 ; do
new 91. shares, 4, 9-16 p ; Great Northern, 241,
244 do. A shares, 105-, 11-5 ; Great Western, 544,
544 ; Lancashire and Yorkshire, 964, 964 •
do. new 91. shares, 4, -18 p ; Liverpool,
Crosby, and Southport, 184, 188; London,
and North Western, 973, 974; ditto 4th Shares,
d ; Manchester, Sheffield, and Lincoln-
shire, 401, 404 ; Midland Stock, 834, 834;
North British, 124 xd, 124; North Staffoidshire,
al, 44 d ; North Eastern-Berwick Capital Stock,
23. 234 ; York Capital Stock, 388, 394 ; Leeds
Stock, 24, 244 ; Scottish North Eastern (late
Aberdeet.), 11, 12 ; South Eastern, 194, 195 ;
Dutch Rhenish, 31, 34c1; Great Luxembourg,
6f, 64 • Buffalo and Lake Huron, 54, 54 d ; do.
New Shares, 53, 54 d ; Grand Trunk of Canada,
11t, 114 ; Great Western of Canada, 214, 214 ;
do. Near4Shares, 4. 1 p.
The demand for money is not so active, and the
minimum rates are not exceeded, except in some
few cases. The news from India is not now looked
upon so despondingly, and to-Jay the funds were
in fair demand, and at the close they showed an
advance of 4. to 4 per cent. Consols for Money
closed at 904 to 90th and for the Account, at 904 to
904 ; Exchequer Bills, 9 to 4 dis.
In the London Railway Share Market there
was more confidence to-day, and a fair business
done at rather better prices. Midland Stock
shows a decided advance, 203 per cent, and closed
with a bouyant feeling, The closing prices
were :-Caledonian, 841, 854 ; Eastern Counties,
11 7-16, 11 9-16 ; East Lancashire, 91, 93; Great
Northern, 974, 984; Do. A Shares 90, 92 ; Great
Western, 544; Lancashire and Yorkshire, 964, 961;
Leeds Northern, 474, 474 ; London and North
Western, 974, 974 ; London and South Western,
901, 91 ; Manchester, Sheffield, and Lincolnshire,
404, 41 ; Midland Stock, 824, 93 ; North British,
484,49 ; South Eastern and Dover 654, 66; York,
Newcastle, and Berwick, 92, 93; York and
North Midland, 113, 114 ; Great Western
of Canada, 204, 204 ; Do. New, par ,
Alter the official hours, the following were
the nominal prices :-Caledonian, 845, 843 ;
Eastern Counties, 115 ; East Lanca-
shire, 014, 994 ; Great Northern, 90, 92e. Dc.
Great Western, 544, 55 ; Lancashire and York-
shire, 964, 968; London and North Western, 974.
98; Manchester, Sheffield, and Lincolnshire, 404,
41; Midland Stock, 803, 804 ; North British, 494,
South Eastern and Dover, (354, 66; York, New-
castle, and Berwick, 924; York and North
Midland, 784, 794.
The Grain trade was rather firm to-lay, but at
the various markets held few sales are reported.
Wheat and Flour are held for higher prices
The Manchester Market remains quiet, both for
goods and yarns. A revival of trade with Bombay
and China is confidently expected.
The Bank of England directors, as expected,
have made no alteration in the discount regula-
tions at their meeting to-day, and through the aid
of the October dividends, and the influx of gold,
it is now thought that no new measures will
become necessary this year. All are prepared for
the continuance of the present minimum, trade
being carried on to too great an an extent to favour
the rates favourably. Provision has now been made
for the commercial engagements due on Saturday,
the settlements at the Stock Exchange are com-
pleted, and also the preparations for the shipment
of specie by the Colombo for India and China
A short period of relief may now be experienced.
Specie is likely to arrive in large quantities from
Australia, several remittances being now overdue,
while of silver moderate supplies may be expected
from Mexico. The steamer Parana, just announced,
brings nearly £lOO,OOO.
Silver has been in active request during the last
two days, and an advance in prices has consequently
taken place.
Arrangements have been made for despatching
to the Continent the bulk of the gold remaining
unsold ex the ships True Britain and Nourmahal,
from Australia.
The Bombay advices report a further decline of
1 per cent. in the rates of discount, which now stand
at 6 to 9 per cent. per annum, being a compartively
moderate range. Government securities, never-
theless, showed no rally, and nothing is said of
any imp )rtant subscriptions to the 5 per cent. loan,
although the terms conceded by Government to the
holders of the old loans virtually raise the rate of
interest offered to about 6 per cent. It is men-
tioned, however, that the native money dealers at
Peshawur had subscribed five lacs of rupees, or
50,000/., to the new 6 per cent. loan for one year,
which is sought to be raised in the Purtjaub. The
exchange at Bombay on London, which was re-
ported by the last mail at 23. Iti 1 , has declined to
2s. 14d. to 14,1.
A general meeting of the Royal Mail Steam
Packet Company is called for the 28th October.
We are sorry to notice that complaints of the
Potato disease are becominst much more general.

The petition presented to the Bankruptcy Court
for the winding up of the affairs of the West of

Ireland Fishing and Fish Manure Company has
been withdrawn. The course to be pursued is that
of a " voluntary" winding up.
In the Tea market yesterday some small parcels
of the new season Couc,on were sold from 2s 10d
to 3s ld. The sales of Plantation Ce.) lon Coffee
went off heavily at rather lower prices.
The Dannebrog has arrived from China, with
.21.1600 lb of Tea cn freight.
The directors of the Great Western Railway
Company of Canada have issued their report. The
document enters at some length into the causes of
the decrease in the traffic.
The financial crisis which created such havoc
in the United States, has not been felt in
Canada at all. All the notes in New York and
most of the other states are secured by the
deposit of public stocks. Nobody, therefore,
fears any loss from the circulation. It is the
depositors who lose in case of suspensions.
The Canadian banks, however, acted with great
prudence, in timely contracting their issues, and
now that the stprm has come it does not hurt them.

Mr Gregory's report on the Grand Trunk Rail-
way has been published. It gives satisfaction to
all who are inclined to treat the question in a
spirit of fairness.