Northern Times.
Liverpool, Merseyside, England, 1859-06-13 00:00:00

COMMERCIAL 'INTELLIGENCE.

NEw YORK, Weallealay 'Morning, June 1,- 1859.-I—Money in ley.
demand, without any change in the rates. The Boston banks hold
about seven millions. The markets are generdlly dull and heavy,
and business transactions pre quite limited.- .There is still a super-
abundance of cajdtal on the market, and the, call for .purp_oses of
trade is very slight; and both the boirower and lender are content
to remain in a.state of rest. •

The reaction in the, flour and breadstuffs market has caused a
quiet State of things in that department, and prices are almost
nominal. Purchases are only made to supply immediate wants. -
The recent large shipments of geld has,caused little excitement
other than'an increased caution, and a closer observation in the
generarthovernenf of affair§. There is no presteat'of higher rates
of interest for the present; the foreign advices speak of an over
supply of golclin Loudon, and the receipts on this Aide will nearly
balance• the shipments • -
• The: week opened with a very (rick stock market. Prices were
generally firm for the leading shares, hut the transactions are quite
limited, from the unwillingneSs to operate either on the part of the
buyer or seller. There are large birders to buy which cannot be
met except tit au.advance.from present prices, and in the uncertain
state of foreign affairs, there is little desire to advance, con-
sequently a general quiet but flrrri market. • Purchases will soon be
made at improved rates, as capitalists cannot find more profitable
sources of investment than; are offered id the present, state of the
stock Market. '

The receipts of the Erie Railroad in May show over $200,000
decrease as compared with May, 1858. A statement of the financial
condition of this unfortunate corporation is to be made up to the
Ist June, when a meeting of creditors and stockholders will be
called in order to ascertain if they are prepared to come forward'
and preserve the property from the mortgage bondholders.
The weekly statement of the New York city banks, of their
average condition for the week ending May 28th, shows, as com-
pared with the returns for the preceding week, a decrease of
$1,770,186 in specie, $1,563,893 in loans, • 5120,070 in circulation,
and $2,991,775 in net deposits; We annex the averages for the
week, for last week, and for the corresponding date of last year :
Week ending Loans & Dis. Specie. Circulation. Deposits.
May 21, '59. $128,701,552 26,099,008 8,352,723 88,554,130
May 28, '59. 127,137,660 24,319,822' 8,232,633 85,562,355
May 29, '5B. 116,650,943 31,496,144 7,252,616 83,158,957
[Same time last' year
COTTON.
Dullness has been the characteristic of this and southern markets
during the past week. At the date of sailing of the Persia,
symptoms of improvement were perceptible; but the A.sia's advices
damped them' again, and prices closed on Saturday, 28th inst.,
with but very little change from those quoted in our last ; middling,
in New Orleans, was at Ilic, and in Mobile Mc to Mc per lb.
The unsold stock In both these ports is small, the receipts are
light, a large number of buyers have left, and the ships loading for
Great Britain are twenty-two, against, at same time last year,
forty-eight. The effect of the Now York's news has yet to be
developed.

The manner in which Liverpool is going to manage the large
imports of American cotton, is the principal consideration here,
and holds in check buyers for Great Britain ; few looking for
middling New Orleans to be sustained at 6d per lb., taking the
sample on its own merits, without anything more politically
adverse to injure it, and many for a decline to 61d per lb., or
lower, before the stock becomes suflicienty reduced to give holders
some controlling influence.
We have bad a very quiet market in this city—the transactions
of the week not exceeding 2,500 bales. Although the stock of
cotton held here is large estimated by us at 70,000 bales, and
by the New Tork Shipping List as high as 93,000 bales—very
little disposition has been shown by holders to realise at the
currency now ruling') m altbough sall lots of forty o; fifty bales