Northern Times.
Liverpool, Merseyside, England, 1857-09-12 00:00:00

hIONEiARY AND COMMERCIAL.

LIVERPOOL, Friday Evening.
There wa3 a good demand for Cotton toslay. the
vales reaching 15,000 hales. including 5,000 to
Speculators and ExpOrters Prices must be, quoted
frilly *1 on American, and 11 per in. on Smuts,
over test Friday's rates. Messrs). Wright, jun , and
Co.. in their circular of this evening, remark :-
We lace again to reiterate the advices contained in our
circular sheets per Europa and Persia. As it becomes
more evident that the stock of Cotton in port and on the
way will be quite inadequate to keep the consumptive
power at work, and as spinners and manufacturers are now
realising batter profits thsn when prices were considerably
below their present standard, so is the buoyancy of the'
market kept from diminishing, and transactions of magni-
tude, at gradually hardening prices, continue the ruling
characterisic. A strong feature is the large quantity of
Berate, to arrive, that almost daily change hande. Holders
of American Often sparingly, demanding Reel obtaining very
extreme-prices for all cleesee, and sangniere expectations
are indulged in for a farther advance in rates before
receipts of the new crop stake their appearance. Specu-
lators and Exporters participate in the business
Droereesine to a liberal extent; and, as trade in the manu-
facturing dirtricts still wears a healthful aspect, and money
mattete are relatively easy, confidence in the soundness of
operations is the prevailing oeinica. The total sales of
the week amounts to b 7,070 bales of which 50,920 are
American. Speculators have taken 28,040, and exporters
2,080, leaving 56,95 P, bales of all kinds to the trade. The
import for the same time :s 23,151 bales, of which 3,648
are American. The quantity known to be at sea from
American ports is ab nn 21,000 bales.
PRICES TO 'DXY.
New (mama Pair..' '1 Mi dl Ordinary...Gid to 811
Mobile „ ..8 1-16.1 „ 7d to 41
Atlantic
'ok -91 ..6=d to Sid
Total taken for C ma'ptim,lBs7 1,124,0 A) batea.lBs6 1,524 790 bates.
Export (actu ~ „ 152.044.. „
American Brazil Egypti E India Wln 114 Total
Stock this day .213;530 14,210 9,,;10 40 810 240 30 150
Same time 18561t!'3 280 40,230 50,ee0 37,370 1030 (52 020
Thi:3 has been a very qniet day in the Liverpool
Share Market, without any marked change in
prices. The transactions have been as follows :-
Chester and Birkenhead, '661; Caledonian, 41/ ;
Eastern 'Counties, 11. e; Edinburgh, Perth, and
Dundee, "'3k; London and North Western, '091;
Manchester, Sheffield, and Lincolnshire, 411„ '4lB,
41$; Newry and Warrenpoint, 61; North British,
121 ; Dovers, 21k; 'Grand Trunk of Cerra la
121, 12 7-16 ; Great Western of Canada,
21k, 2t ; North onion A, 219 ; Liverpool
Borough Bank, 8. The following were the
closing prices :-Blackburn, 71, 8 ; 'Chester
and Birkenhead, 66, 661; Caledonian, Cll. 411;
Chester and Holyhead, 17, 171; Eastern Counties,
11 5-16 xd, 111 ; East Lancashire, 9C, 97 ;
'Do. • 9/. shares, 1, 9-16 p ; Great Northern, 24,
241; Do. A, 11, li,1; Great Western, 55, xd 55};
Lancashire and Yorkshire Stock, 100, 100* ; Do,
sin shares, 1, j pe Liverpool, Crosby, and South-
port, 19, 101 ; London and North Western Stock,
99:1, xd 991 ; Manchester, Sheffield. and Lin-
colnshire, 411, 411, ; Midland Stock, 811. xd 818 ;
North British, 121 xn 128; North Staffordshire,
41-, 4 d ; North Eastern-Berwick, 23a. xd 231;
Work and North Midland, 39k, 391; Leeds Capital
Stock, 243, 24a; South Eastern and Dover, 21k
21 3-16 ; Scottish North Eastern, 121, 121 ; Buffet°
and Lake Huron, 41, 41 d ; D. New Shares, 4, 31 d ;
Dutch Rhenish, 31, 31 d ; Great Western of
Canada, 21, 24; Do. New Shares, a, ; Great
Luxembourg, 61, 7 ; Grand Trunk at Canada,
12,4. 12 7-16
The weekly Traffic Returns, received up to this
afternoon, are as follows :-Bedale and Leburn
1121 ; Belfast and Ballyinena 1,295/ ; Birkenhead,
Lancashire, and Cheshire 3,2411; Blackburn 1,0151;
Bristol and Exeter 7,584/ ; Caledonian 14 8471;
Chester aed Holyhead 7,4531; Cork and Bandon
2941; Cork, Blackrock, and Passage 3191; peeside
-4301; Dublin and Belfast Junction 1,4331; Dundee,
Perth, and Aberdeen Junction 1,0821; Dundalk and
Enniskillen 4881; Dublin anti Drogheda 1,6831;
Dublin and Wicklow and .Dublin and Kingstown
2,4961; East Anglian 7701; Eastern Counties and
Eastern Union 25,1151; East Lancashire 7,4111;
Edinburgh and Glasgow and South Dunfermline
5,414/; Edinburgh, Perth, and Dundee 3,584/;
Glasgow and South Western 7,8251; Great North
of Scotland 13331; Great Northern 22,1381; Great
Southern and Western 6,823/ ; Great Western
`82,5431; Kendal and Windermere 3841; Lancaster
and Carlisle 7,691/ ; Lancashire and Yorkshire
27,8781; Llanelly Railway and Dock 5201;
London and Blackwell 1,575/; London, Brighton,
and South Coast 18,3601; London and North
Western .71,8081; London and South Western
18,4041; London, Tilbury, and Southend 2,5851;
Manchester, Sheffield, and Lincolnshire 11,339/ ;
Manchester, South Junction and Al t ri n eham 1,4781;
Maryport and Carlisle 1,0111; Midland 34,3261;
Midland Great Western 4,2331; Newcastle and
Carlisle 3,920/ ; North British 5,727/ ; North
Eastern 38,7471; North Staffordshire Railway and
Canal 8,6821; North Western 1,1991; Oxford,
Worcester, and Wolverhampton 4,7551; St. Helen's
Canal and Railway 1,7771 ,
a• Shrewsbury and Bir-
mingham 1,9131; Shresesbd'ry and Chester 3,5771;
Shrewsbury and •Hereford 1,7211; Scottish Central
11,4571; Scottish North Eastern (late Aber-
deen) 3 9321; South Devon 3,3241; South
Eastern 25 6761; South York and River Dun
2.763/; South Wales 7,8031; Taff Vale 4,201/;
Ulster, 1,4381; Vale of Neath 1,813/; Warrington
and Stockport 3301.; Waterford and Kilkenny 4901;
Waterford and Limerick 1.1711; West Hartlepool
Barbour and Railway 3,552/ ; Whitehaven and
Furness 422/ ; Whitehaven Junction 4191; Buffalo
and Dike Huron 851/ ; Dutch Rhenish 3,168/;
Grand Trunk of Canada 9,5971; Great Luxembourg
1,057/; Great Western of Canada 8,2521; Sambre
and Meuse 1,099/.
There is a pretty brisk demand for money, and
to-day the full rate of 5* per cent. was maintained.
The market for the Public Funds and Securities
to-day has been very inanimate, in consequence of
the suspense felt in connection with the Overland
Mail, now hourly due. In the meantime, business
is necessarily contracted within the smallest
possible linelte, and specu'ators do not feel the
least disposed to enter into fresh engagements till
they ascertain whether the progress of affairs ia
India is satisfactory or otherwise. To-day Consols
for Money closed at 94 to 90!, and for the Account
at 91 to 91, and the Exchequer Bills at 7 to 4
discount. _ _ _

The London Railway Share Market was exces-
sively dull and inactive to-.lay, and it was with
great difficulty that prices were supported. The
following were the closing quotations :—Cale-
lonian, 82i, 83; Eastern Counties, 111.
East Lancashire, 96, cr..7; Great Northern, 951, 964 ;
Great Northern- A, 87, :89: Great Western, NI
551; Lancashire and Yorkshire, It 001„ ; Leeds
Northern,_4Bl ; London and North Western, 091
100; London end South Western, 95, 9g; Manches-
ter, Sheffield, and Lincolnshire, 411. 42 ; Midland
Stock, .81k, ; North British, 49;1 501; South
Eastern and -Dover, 681, 60+.; York, Newcastle, and
Berwick, 9`,34 ; Yoik and North Midland, 791;
Grand Trunk of Canada, 121. 124 ; Great.
Western of Canada, 211; Do. New, 1, ; Paris and
Orleans, :74. -SG; Western of France, 283/4, 29i ;
Russian, /09, 111.
After offi.;ial hours the following were the prices
current :—Caledonian, 82, 831; Eastern Counties,
11 5 16, 11 7-16; East Lancashire, 96, 97; Great
Northern 951, 061 ; Do. A Shares, 87, 89; Great
Western, 551 ; Lancashire and xorkshire, 1001,
100} ; London and North Western, 991. 100 ;
Manchester, Sheffield, and Lincolnshire, 414. 42 ;
York. Newcastle, and Berwick, 921, U 3; York and
North Midland,-,791, -791.
There has been a m)derate business done in
the general Produce Markets during the week.
Sugar :nay be quoted 64 per cent lower than -on
this day week. Tea, however, has been in rather
more active request and prices are very firm
Cotf?e meets with a fair sale at steady rates, but
in molasses or Rem, there is little or nothing
(loin,. In the article .of Rice, a large business has
been done ,during the week, the sales exceeding
.4.100 tons and 41,000 bags at an s.dvaince of id. to
4d per cwt.
In the Provision trade there is -Nut little ehange
to notice this week. Beef suitable far the transport
service is attracting some rAtention. Pork is a
slow sale. Bacon iz moderately active. • Lard has '
improved about Is. per cwt. this wec.k. ,irot much
doing in Cheese.
Our Grain 214,1,7; a ;Wm been wo.llattendad, and a

good demand has been experienced for American
Wheat at an advance of 21 per 701 b over last Fri-
day's rates. Other sorts do not participate in the
improvement. Flour is also in better request, and
must be quoted 63 to is per barrel higher. Indian
Corn does not move so freely, but prices are well
maintained. At toelay's market trade Vila slow
without quotable change in prices.
The Manchester Market is even more favourably
affected than ours. Yarns are is to* id per lb
higher in value during the week, and Spinners
decline contracts to the full extent offered, at
extremes. Good, (excepting India makes, and
even , for these there is a speculative inquiry),
are similarly operated upon ; but the advance
demanded tends to restrict the business that would
otherwise ensue.
The submarine cable to connect the Island of
Sardinia with Algeria, and bring France into direct
communication with that colony, has been safely
laid. The length of the line is 146 statute miles,
and the length of cable paid out, about 172 miles.
The cable has lour wires, two of which will be
appropriated to the French Government, and its
contract price was 50,0001. The undertaking has
been carrried out by the Mediterranean Company,
by whom the first part of the line—namely, from
Genoa to (Corsica and. Sardinia—had been pre-
viously completed. They have a capital of 300,0001.,
and a.guaranteed rate of interest from the Sardinian
and French Governments. _ _

The private letters from Paris state that the
relent difficulties in connection with the manage-
ment of the Credit Mobilier have been smoothed
over. M. Ernest Andre, the director by whom,
noon the refusal of his colleagues to accept his
resignation, a notarial notice of withdrawal had
been issued, has been induced to return, while
the other directors, who were understood to be
desirous of getting out, have for the present, at
all events, abandoned their intention. This resu►t
was to have been expected, since the auspices
under which the establishment was formed were
such as to forbid the idea of its being allowed
to break up from any internal dissensions that
would admit of beina healed by superior influencer.
The financial world may also be congratulated on
the turn the affair has taken. It was on public
grounds only that the institution was to be
viewed with disfavour; and now that the eyes
of all persons must have been opened to the
unsound character of its original preLenzions, and
its dangerous power has consequently been dissi-
pated, there could be no other feeling than one
regret at witnessing any individual disasters that
might attend its change of condition. The hope
must be that it will gradually bring its shareholders
to be content with comparatively humble dividends,
and that, instead of wiring to regulate and
monopolise the enterprise of the empire, it will
recognise that no extraordinary gains can be con-
tinuously made without extraordinary gambling,
and that it had better accept the oportunity of
quietly conducting its affairs on the safe old prin-
ciples current before banks of Credit Mobilier
were. ever heard of.

Messrs. Ptlkington, Brothers, in their freight
circular, issued this evening, say :
General dullness continues to prevail in the freight
market, hardly relieved by the Government requirements
for steamers and troop ships for India. Of the large
number of ships and steamers tendered on Wednesday
last, two sailing ships have been accepted at 131 9s Orl.
and 13/18s 3i per man respectively, to embark for Madras,
and eleven steamers, one the " St. Louis" for Calcutta at
331; one for Madras, the "Charity" for 451; four fir
Kurrachee, at rates varying from 431 to 491; and five for
Bombay, the highest rate having been given for tile
" Great Britain"49l, and the lowest for the " Indomitable"
391. Coal rates to the East, in consequence of so msny
steamers, continue firm at our quotations. Home rates are
dull, and from Bombay and ilalcutia merely nominal. From
Madras small ships can be pieced at 70a to 72s 6.1 for U. 8.,
from Penang and a port 72, 61 to 75a to U. H., from Batavia
'Os, and from the. Rice ports, say Akyab to Liverpool, a ship
or two under 500 tons register would be taken at 3/ 125 6d per
ton, and for the Cuntinent 82s 61 to 85s. The decline in
the rate for guano from the Chinches to 31 lOs per ton to
Q. B. has diver'ed the attention of shipowners from the
west coast, and in consequence outward freights are firmer,
and coal ships more inquired for. The outward freights
to the Northern States Ports are higher as the seas in
approaches fee the opening of the cotton trade. Salt
freights to the south are as yet nominal, except for New
Orleans and Mobile, for which some ships have been char-
tered at 13s to 13s 6d for salt to the former, and 9a to 10s
for the latter port, and in a few instances rates eual to
from a halfpenny to nine-sixteenths per lb for cotton home
have been paid. These charters are purely ep.culative.
From the Black Sea ra'es have declined to from 50 to
52s 6d per ton for tallow from Odessa, and 13s per qr from
the Danube: from Alexandria 63 to 61 61 per qr is the
highest obtainable. The Baltic p esents no new features,
and the timber trade generally offers In probable employ-
ment for ships.
The following are the latest quotations of Foreign
Exchanges:—Amsterdam, short, 11 16 to 11 17 ;
Do. three months, 11 19 to 11 191; Rotterdam do ,
11 19 to 11 19} ; Antwerp do., 25 35 to 25 40.;
Brussels do., 25 35 to 25 40 ; Hamburg do., 13 8 to
13 81; Paris, short, 25 20 to 25 25; Do., three
months, 25 57i to 25 624 ; Marseilles do , 25 GO to
25 65; Frankfort do.; 119 to 119 i; Vienna do., 10
30 to 10 34 ; Trieste do., 10 32 to 10 34 ; Peters-
burg do., 393 to 36k ; Madrid, 481- to 49.

BANK OF ENGLAND RETURNS.
Account, pursuant to the Act 7th and Bth Victoria, ca'.
32, for the Week ending Sep. 4., 1857.
ISSUE DEPARTMENT.
Credit.
Government
Debt
Other securities 3,459,900
Gold Coin and
Bullion

Debit.
Notes issued .. £25,311,410

£25,311,410

Total £25,311,410