Northern Times.
Liverpool, Merseyside, England, 1857-09-18 00:00:00

MONETARY AND, COMMERCIAL.

Li r.&121,001, Thursday Evening.
A fair business `,till continues to be transacted
in our rket, and prices are very fimly
maintained.
rxo.d
ay
the transactions amounted to
7,000 bales., nearly all of which was to the trade.
The iiverpool Share Market opened with
sorne firmness to-day; but in the afternoon there
was a decline-especially in Londons, Leeds, and
Midlands,--not easily to be accounted for: Cale-
dor,ian.ca were again the exception, having risen to
a higher point than before. The following were
the day's transactions :-Caledonian, 423, 424, 421,
42,1, 121,121. 43 ; Eastern Counties, 11 7-10 ; Great
Western, 541, ; Lancashire and Yorkshire, 973,971,
971, 97, On 97 ; London and North Western, 094,
901, 09; Do.l shares, ; Manchester, Sheffield and
Lincolnshire, 41.2, 411, 411; Midland, 81k, 814, 811,
80*Z-, 81 ; North British, 12 9-16, 12 11-16 ; North
Eastern, 231 ; DaverF, 20i, 201, 201, 201;
Dutch Rhenish, 3-4-1 ; Grand Trunk of Canada,
123, 121; Ditto Six per Cent. Debentures, 84;
Great Western of Canada, 21; L'verpool and
London Fire and Life, 83n. The following
were the closing prices :-Blackburn, 8, 81;
Chester and Birkenhead, 65 xd, 651; Cale-
donian, 421. 433 ; Chester and Holyhead,
161, 17 ; Eastern Counties, 11*, 113 ; East
Lancashire, 931 xd, 9311 Do. 9/. shares, 3, xd,
9-10 p ; Great Northern, 233, 24; Do. A, 131,
11; Great Western, 54i, 55; Lancashire and
Yorkshire Stock, 963 xd, 97 ; Do. 91. shares, 1
p; Liverpool, Crosby, and Southport, 183 xd, 183 ;
London and North Western Stock, 981. 981;
Manchester, Sheffield, and Lincolnshire, 411, 413 ;
Midland Stock, 801, 81 ; North British, 12k,
121; North Staffordshire, 41, 4 d ; North Eastern
-Berwick, 233. 231; York and North Midland,
393, 393; Leeds Capital Stock, 217, 25 ; South
Eastern and Dover, 201 xd, 2Q4, ; Scottish
North Eastern, 123,123 ; Buff-do, and Lake Huron,
51, sd; Do. New Shares, 51, 5 d ; Dutch Rhenish.
33, 34 d; Great *Western of Canada, 21, 211;
Do. Nev Shares, par, by ; Great Luxembourg,

tid xn, 6 ; Grand Trunk of Canada, 12. i, 12 5-10.
The funds showed a considerable degree of
steadiness to-day, but a reduction of ti per cent
has taken place from tlte improved rates established
yesterday. The demand for money continues
active, and there seems every prospect of it con-
tinuing so up to the release of the October
dividends. To-day, Consuls for money closed at
90,1- to NZ-, and for the account at 941,- to Hi.;
Exchequer Bills 7 to 3 discount. After official
hours. Consuls for Money were quoted at 901
to 901
In the London Railway Share Market, there
was very little business done to-day, but prices were
pretty well maintained. The following were the

Closi;‘7, prices :—Caledonian, 842; Eastern Counties,
11 5 16, 11 7-16; East Lancashire, 03. 95; Great
Northern, 952, 9GI; Do. A, 86, 88; Great West-
ern, 511 ; Lancashire and Yorkshire, 961, 97;
Leeds Northern, 491, 491 ; 1 ondon and North
Western, 981, 98 i; London and South Western,
911. 921 ; Manchester. Sheffield, and Lincoln-
shire, 411, 411 ; Midland Stock, 801, 81; North
British, 501, 51 ; South Eastern arid Dover 671,
68! ; York, Newcastle, and Berwick, 921, 93 ;
York and North Midland, 791, 791; Great Western
of Canada, 211 ; Grand Trunk of Canada, 121,
1211, ; Oxford, Worcester, &c , 32, 33. After. official
hours, any business transacted were at the
following quotations :—Caledonian, 841 ; Eastern
Counties, 11 5-16, 11 7-16 ; East Lancashire, 931.

9-11: Great Northern, 951, 96i ; A, 86, 8S: Gre;t
Western, 54k; Lancashire and Yorkshire, 961, 961;
London and North Western, 99k, 98,1; Manchester,
Sheffield, and Lincolnshire, 411; Midland Stock
801 81; North British, 501, 51 ; South Eastern and
Dlver, 901. 901; York Newcastle, and Berwick,
92i, 931; York and North Midland, 791 79i.
We extract the following interesting information
respecting the Mining interest frcm the circular of
Mr Tredeninek, of Old Broad-street, London :
The market for shares in British Mines shows conside-

rable firmness in comparison with railway, bank, and other
speculative investments of the day ; property generally is
depressed, and for months hence will probably be seriously
affected through political and commercial difficulties. The
suspense as regards India. and the mighty interests
involved at home, sheke confidence and re'ard progress in
commercial enterprise; thence prices becomes restricted,
and current prices depressed. British mining adventure,
however, cl,ffer in to.!`o from any other description of pre-
perty, and gratifying to all, must be the healthy progress
and refreshing dividends accruing to those associated with
many of the tin and copper mines of Cornwall ; whilst st 11
further gratifying is the perspective when we reflect upon
the demand existing for those metals in the manufacturing
and consuming districts of the north ; in fact, increasing
consumption supports the high value of tin and
copper, and gives an impetus and bona fide
position to mining rarely experienced in its
history ; thence public attention is directed to it
as a profitable medium for capital, and the autumn pro-
mises great activity in buying and selling, with advancing
prices for shares ; more especially should the Bank of
England lower its rate of discount, and thus remove the
crippling pressure on trade. In former years we have had to
counteract, as well as deplore, the lamentable consequences
attending heedless and reckless speculation—periods now
happlily passed into oblivion— when feverish excitement
and visionary hopes were cherished in preference to calm
reflection and profitable results ; the present is an epoch,
however, in the history of Cornish mining peculiarly free
from risks ; hosts of ephemeral And utopian schemes have
been scattered to the winds, whilst numbers of unprin-
cipled adventurers unmasked, have been exposed to public
view ; thus weeding the field of that which was specious
and abortive, to the advantage of honest and legitimate
adventure ; mining irveitments are consequently freer
from rinks than any other speculative medium for capital,
if judiciously selected involving fewer losses with greater
chances of gains : the high value of metals renders them
MO7O remunerative and profitable than in former years,
whilst their 'resources a e rather augmented than diminished.
Mining will not at all times prove profitable at starting,
but with the aid of science and practical experience
no pursuit pays bet'er, or offers the same inducement
for capital ; had there been no hezerd associated with
it, no such prizes would be gained as a Devon
Great Consols, Eiendship, Tresavean, Biller, Basset,
Delcoath, South Caraden, or Levant ; though only a few
of the prizes,l upon comparatively small outlays, which
have transpired to encourage the hard working miner to
hope in his slow yet certain progress to success ; discovery
after discovery are continually being made to reward the
industrious and enrich the enterprising; let us, therefore,
benefit through experience, and profit by the present
sound position of Cornish copper and tin mining enter-
prise. We would advise our subscribers to embark in well
selected dividend or progressive mines situate in approved
mineral districts, practically and economically managed.
with capital subscribed and tiros expended in the develop-
ment of lobes, with prosperous and analogous ones sur-
rounding ; when, with patience, perseverance, and mo-
derate outlay, success is certain to follow. Mineral does
not grow at surface, therefore depth must be attained ; and
we trace nine-tenths of past failures to scrambling at sur-
face ins'ead of opening out sections of lodes, sinking
shafts, and cross cuttings at such depths as mines usually
become productive and remunerative.
The Breaistafl' trade is rather dull, and to-day
lower prices prevailed for Wheat and Flour, with-
out inducing purchasers to operate to any extent.
In the General Produce Markets a certain degree
of steadiness is apparent, and a moderate business
is being dune in the leading articles of consump-
tion.

The news from In►lia is looked upon at Man-

chester as more satisfactoi-y, and prices of both
goods and yarns were consequently very well
maintained to-day.
Tho large amount of Mexican dollars brought
by the early packet this mouth has been sold at
61d, being a decline of per oz. The bar Silver
by the Atrato also has been disposed of at Glid,
showing no alteration. _ _ _

It is Stated that the Govorom.nt have concluded

an arrangemant with the New Z:,,aland and Austra-
lian Mail Steam Company for entering into a
contract for a mail service between various points
of New Zealand and Australia, and that the first
steamers will be sent ont to take up their respect-
ive siations as soon as they can be equipped.
The La Plata, West India mail steamer, which
sailed to-day, took out about 13,0001. in gold, and
10,0001. in silver.

Tue detailed advices from Bombay confirm the
news of a fall of 2 per cent. in the rates of interest
of the banks, and in,ticate a generally more satis-
factory candition of the money market. Misttoes
not seem to have led, however, to any fresh sub.
scr:ptions of. importance to the new five per cent.
loan. The CA.)mpany'.a Four per Cents. were

quoted. 82 per cent., and the Five per Cents. 92 pe
cent., with few buyers.
The attempt to raise a new Turkish loan in
London seems to be quite iu abeyance.
There seems little prospect of any portion of the
la -ge imports of gold lately report ;d being retained
here. The 91,222 Australian soverigns brought
from Sydney by the St-At of Peace, were yesterday
purchased for transtrAission to the Continent. The
96,000 sovereigns or the same coinage,ex the George
Marshall, from 4:sydney, are expected to come to
hand to-day, rA n d to be likewise sent away. Of
the 100,0001 in gold brought by the Anglo-Saxon,
from Moll :mime, certainly the bulk, and probably
the whose, will be at once re—exported. The specie
and 1;ullion ex the steamer Atrato, from the West
Iw:ties, 5r,".3 , were delivered yesterday. The gold,
amounting to 81,0001, is almost sure to be bought
for 07e Continent.
Whilst the demand for gold for exportation to the
continent is thus active, the disposition to ship
silver to the East has received a slight check, owing
e'aiefly to the non-arrival of the mails from Calcutta
and China,which are expected to bring considerable
rem trances in payment for fresh consignments of
silver. To-morrow will be the last day for effecting
shipments by the Ripon, which will leave South-
ampton for Alexandria on the 30th inst. • and it is
thought that the total remittances, by this vessel
will not exceed 700,0001. Very likely, however,
unless the Exchanges from Calcutta and China
come more favourable for this country, the ship-
ments by the succeeding steamer of the 4th
October may be proportionately increased.
Yesterday the bar silver ex the Atrato was sold
for ladia, at 5s per oz. standard, being the
came price as that realised for the supply by
the previous packet. Of the large amount of
Mexican dollars brought by . the steamer La
Plate, which arrived more than a fortnight ago, a
portion has been sold for China, at 5s Id per oz.
being id per ox below the price at the lat sale.
Several parcels of dollars are held over for the
packet of the 4th Oct ;the holders hoping to get
a better price after the arrival of the next China
mail.

The Chilian dollars brought by the Atrato have
been sold at 4s 1.1-Z i per oz.
The value of the Australian gold conveyed to
Suez by the steamer Columbian is as much as
373,0001. This large remittance is expected to
reach Southampton by the steamer Tamar, which
will arrive early in OctobFr.

LIVERPOOL COTTON M kR.KET. -SEPT. 17.
The cotton market has been quiet but steady to-day ; the badness
hai ben only ir oderate, but prces are firm. The sales —including 30
Peraambucos 1011, 253 B hiss 10d to 10ids 600 Erg; tians 113 d to
171 d, 1,000 Swats 611 to 72d—are reported 7,0,30 bales to the trade.