Northern Times.
Liverpool, Merseyside, England, 1857-07-03 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Thursday Evening.
Tha sales of Cotton to-day were .8,0001 bales.,
including 1,600 on Speculation, and for Export
The market remains quiet and prices are firmly
maintained.' ' -
In the Liverpool Share /viarket there were but
few transactions, prices, however; were rather
better. The sales were as follows.:—London and

North Western, 103 t; 1031 ; Manchester,' Shffield,
and Lincolnshire,- 441 ; Midland, 831; North.
Eastern, 23 ; Leeds Capital Stock, 22i; Dovers,
221; Grand' Trunk of Canada, 'l3B, 5-16, 1,
9-16, g, 1, 7-16, 7-16, f, 7-16, I, 7-16, I, 7-16.
The Market for the Public Funds and Securities
to-day was rather bet'ter, and Consols advanced
to 4 pei cent. The closing prices for the account
was 92 9-16 'to 92 11.16 ; and for money for,,the
opening, at NI to 921 After official hours, they
were quoted at 921 to 924; Excheiver Bills, 6 to
1 dis.; and the New Three per Gents, NI to 9*

There was rather more animation in the London
Stock and Railway Share Market; and, with
more business doing, prices are on the ad-
vance. The closing quotations were as follows :
—Ambergate, Nottingham, and East Junction,
51, 54; Caledonian 744, 75 ; Edinburgh _ and
Glasgow, 62, 64 ;
.Eastern Counties, 114, DI"
East Lancahire, 97,.98 ; Great Northern, 984, 994;
Ditto A, 90,' 91; Great Western, 641, 65 ; Lan-
cashire and YOrkshire, 1004, 1.002; Leeds Northern,
451 ; London and North Western; 1034,...1034 ;
Lon-ion and South Western, 1014,102 ; Manchester,
Sheffield, and Lincolnshire, 444.441; Midland Stack;
834, 831 ; North British . 434; South Eastern and
Dover, 744, 75 ; York, Newcastle, and Berwick,
911, 924 ; York and North Midland, 71.4, 724
After official hours the following, were the prices
paid :—Caledonian 742., 7.4 ; Eastern Counties
11,4, 111 ; East Lancashire 974 ; Great Northern
994; Do. A, 91; Great Western 642, 65 ;
London and North Western 1034., 1033; North
British 434; South Eastern and Dover 744, 743;
York, Newcastle, and Berwick 921; York and North
Midland 7,11, 712
Trade in Manchester continues, quiet,. but with
low stocks and a moderate demand, prices are well
maintained,
During the month of June the London Tobacco
Market remained in- nearly the same position as
in. the previous month. Messrs. Grant, Hodgson,
and Co.'s'eireular says : • '

Some limi+ed sales of leaf are stated to have been made
at prices slightly in favour of buyers ; but the principal
holders have shown no disposition to make concessions,
and we have not observed any change to justify an altera-
tion in cur previous quotations. For home trade pur-
chases have been chiefly for immediate requirements (with
the exception of about 140 hhds. of leaf for Ireland), and in
a great measure confined to middling and low descriptions,
both of leaf and strips. For exportation there was rather
more demand, and nearly 100 htids. were taken, consist
ing of good to fine. Sales during the month may be
estimated at 450 hhds.

In Glagguw, during the month just ended,
there was an active demand for Sugar, until within
the past ten ,days, and pices advanced 6i. to ls.
per ewt. Noiv- the market is dull. Rum was
in limited demand. No Coffee having arrived, there
were no sales effected. The decline in Cotton has
been more than recovered. With respect to Pig
Iron, the circulars of Messrs. Connal and Co.
says :

In the early. part of the month, under speculative in-
fluence, the price reached 835., but has since gradually
settled down to- our quotations, which are for mixed
numbers, 745. 9d., for No. 1, g.m.b., 775., and for favourite
shipping brands, is. to 3s. higher. A new form of war-
rant, to embrace the three elements of security, identifica-
tion, and facility of sale and transfer, has engaged the
attention of the trade for some days past, and it is hoped
that it may meet with general approval. The stock in
yards is 55,500 tons, against which warrants are in circula
tion for 52,000 tons.

We have been kindly supplied with a number of
Liverpool Monthly Wool Circulars. Messrs'.
Robinson and Perkins, state that the Market
during the last month has kept very steady, with-
out any great amount of business being transacted.
With the past few days there has been more dis-
p;isition to buy ; the favourable: state of the crops
and.the easier rate of discount, raising hopes of
improved trade in the manufacturing uisiatetti.
Our Stocks of all current descriptions are much
reduced, and fresh supplies are greatly needed
Messrs. Hughes and Ronald make. the following
remarks, respecting domestic Wools :

In Home-grown Wools the demand, daring the past
fortnight, has been very animated, and most descriptions
are saleable,at id. to id. per lb. advance. The transac-
tions have been more than usually large for the period of
the year ; but when the chief buyers get supplied, we
think it likely that a little quietness for a period may
ensue. Irish Wools have been in great request at full
priceo, and the quantity taken for export has been very
considerable. Sheepskins have been rather neglected,
and it is necessary to submit to rather low prices to elftot
sales. .

From Alexandria, Egypt, under date of the 19th 1
June, Messrs. Peel and Co.'s circular informs us
that Cotton throughout the month had been in
good demand, at very firm rates. Egyptians were
quoted at about 9 1494 to •ilid per lb f. o. b.
Dressed Flax brought 41/ to 411 17s f, o. b. About
500 ardebs new Wheat sold for the consumption at
very dear prices, and an order of the Government,
compelling the natives to sell:to the town market
at an arbitrary price (considerably under the
value), 'deters them from bringing forward supplies:
Contracts have been made at piastres 37s 21 to
40s 44 1. o. b., but on the 19th were werth only
'piastres 96 to 97, or 37s 8d to 38s per qr. f. O. b.
Beans in the early part of the month were worth
piastres 34S ld per qr. f.' o. b., but they were arriving
more freely, and prices had fallen to piastres 318 34
per qr. 1. o. b. for Saidi, and piastres 27s 9d f. o. b.
for -Behereh. For future delivery they have been
contracted for at piastreS 318 44 to 32s•perqr. f. o. b.
Freights were advancing, with: some demand for
tonnage ; 4s to 48 6d had been paid for Beans for
order; other grain in proportion. To port direct
3s to 3s 6d ; Cotton, /d per lb.
The gloom of the Paris Bourse, in face of the
highlymainlycaused
satisfactory appearance of the harvest, is'
fresh parcels of bwyhiachpla7rto
ehpTeaosef d fifnoratianaglestfitc
.)nink,,
day to day .by, holders who wish to_ make the
necessary payments upon. the new securities now
in course of issue by the Bank of France and
leading railway companies. The settlement being
now in progress, the pressure of the recent sales
is the more severely felt.
The East India Company yesterday notified that
they have reduced by one farthing per rupee the
rate at which they will receive cash for bills on
India. The rate is fixed, until further notice;
at 2s -id per rupee for bills on Bengal and
Madras, and 2s id for bills on Bombay. The
reduction is not very important in amount, but
its object is to attract into the company's home
treasury_ additional funds, which arc doubtless
required to meet the increased expenditure inci-
dental to the present emergency. As tending to
give a check to the :immediate shipments 'of silver
to India, the step may be regarded as involving.
some degree of relief to the money market. The'
last previous alteration in the rate of exchange was:
announced in 'the middle of January this 'year,
when an advance of 11 was decided upon ; .thus.
rescinding a resolution for a reduction-of jd made
on the 3rd December, 1856. 7
_ _ _

The East India Company have also issued
notices inviting tenders for the conveyance of 4,400
troops, all of her Majesty's „service,. to India. Of
those, 2,000 are to be conveyed from Dublin to India
screw steam ships of 1,000 tons burthen or
upwards, The remaining 2,400 are to go in sailing
ships of not less than 400 tons register, half from
Dublin and half from England, The tenders are in
each case to be sent in on the B.h inst., and the
whole of the troops are to be embarked between
the 21st and 29th inst. The maximum number to
be embarked in any one sailing ship is 400 men.
In our opinion government wouldhave done better
had they advertised for steamers to convey the
entire force, We cannot think that any
,difficulty
would be experienced in procuring a sufficient
number of steamers.
The Stebonheath, with about 21,0001., has
arrived from Australia; and some of the other ves-
sels, so anxiously awaited, will no doubt soon
make their appearance. It is calculated that nearly

half a million sterling is now near at hand from
Australia.

The steamer Magdalena, fur the West Indies
took out 35;2761. in specie to-day: and about
50,0001. was transmitted tG the Cape by the Ar•
menian.

At the meeting of the Rhymney Iron Company
yesterday, a half-yearly dividend of 11. 10s. per 501
share, and of- Os. per 151. share, was declared-

The annual meeting of shareholders in the
Commercial Bank of London is called for the 21st
July. The retiring directors are Messrs. Charles
Butler, J. A. Chrowne, John Savage, and Joseph
Thompson—all of whom offer themselves for re-
election.

The.half-yearly meeting of. the City of London
Gas Company is called for the 15th July, when a
dividend will be declared.

ampany is called 'The scrip of the Turkish Gas C
in, prior to the return of is 6d per share.
The coupons of the sterling Debenture Bonds of
the City of London,Canada, are advertised for pay-
ment.

The position of the market for American railroad
securities is thus reported by. Mr.. E. F. Satter-
thwaite :—" Transactions in American securities
in London have been extremely inactive during
the past week, and prices have declined."

Comm catat Knttlltgence.

LIVERPOOL COTTON MARKET.-JULY 2.

The cotton market continues without chance, the demand is fair,
the supp'y ample, and prices are steady. The sales—including 50
Pernambucos £4ld to 94d, 20 Bahias 81d, 10 Maranhams gd to 9id,
100• Egyptian. 9idto 11 d, 1,500 Surats 4tl to 6d—are reported 6,000
bales, of which 1,500 are on speculation and for expert.

FRIDAY, JULY 3, 1857