The Northern Daily Times.
Liverpool, Merseyside, England, 1857-05-29 00:00:00

Ohio
Clara Brookaian

TOTALS.

New Oorleans
New York
Charleston
Mobile
Apaladacola

A correspondent furni3hes us with the following
remarks on the state of the Cotton tracle. We think
them of sufficient importance to publish them.
We, however, are not respory-iibl.e for the conclu-
sions arrived at by the writer
We reaeh this week the point of the heaviest stock of
American Cotton of the year, say 560,000 bales, against, last
year, 664,000 bales on the 15th August, while'the import
between May 30 and December 31, 1856, was 720,000 bales.
This year we cannot expect more than half that quantity,
say 360,000 bales, or an average of 12,000 bales per week.
The quantity at sea now is 54,000 bales, and the few ship—
ments making is the United States for this country, costs
Elid to Bid per lb. for middling quality, or:id:per lb. above
our present prices. -More vessels are loading in the
Cotton ports for the Continent and foreign markets than
for Liverpool, so we shall not even get a fair share of the
limited' quantity left on hand. By working short time,
the price of tha Manufactured article will soon be raised,
so as to allow importers to obtain fair remunerating
prices for their Cotton. It must not be forgotten, that
next reason much higher prices will most probably have to
be paid in the United States, as, so far, the accounts
of the growing crop arc worse than ever before known.
The wanting last year was disregarded, and the early
estimates advocated in your psper, of three milliorks of
bales for the crop, latWied at. Generally, the crop has
been in bloom early in June, when to expect it this year I
cannot say,Sas, at last dates, many planters were just re-
planting.

There was a pretty fair business done in the
Liverpool Share Market, and prices were very firm:
The transactions reported were :-Caledonian,
364, f, f ; Eastern Counties, 11;13-16 ;
East Lancashire, 971, 7 ; Kendal and Windermere,
91; Lankashire and Yorkshire, 1011, ; London
and. North Western, 105, 41 ; Manchester, Sheffield,
and Lincolnshire, 421, 3, 21, 31, 21, a ; Midlands,
831, 1,1, ; North Eastern, 211. 22;
North Staffordshire„ 41 (1-; Dovers, 221,
1c ; Grand Trunk of Canada., 16, 154 ; Great
Vcstern of _Canada, 23 11-164 Do. New, 2 p ;
St. Helens Canal and. Railway 6-per Cent. C, 117 ;
Atlantic Telegraph, 80d. The following were the
closing prices, being the lowest of the day :-
Blifekburn, 81, 81; Chester and Birkenhead, 681,
69 ; Caledonian, 361, 364 ; Chester and Holyhead,
18, 181;' Eastern Counties, 111, 11.1 ; East Lanca-
shire, 97, 971; Do. 9/ shares, 11 16, 1 p ; Great
Northern, 241, 241 ; Great Western, 661, 67 ;
Lancashire and Yorkshire Stock, 104, 101 ; Do.
9/. Shares, 1; 1 1-16 p ; I.iverpool, Crosby, and
Southport, 19, 191; London and North Western,
Stock, 104/, 1041; Do. Shares, 3-16, 11 ; Man-
chester, Sheffield, and Liieoln, 421, 421 ; Midland
Stock, 831, 831; North British; 101, 101 ; North
Staffordshire, 5, 411 ; North •Eastern-Berwick,
211, 22 ; York and North Midland, 33#, 331 ;
Leeds Capital-Stock, 20, 201 ; • South Eastern and
Dover, 221, 221 ; Scottish' North Eastern, .124,
13; Buffalo and Lake Huron, 2. d ; Do. New
Shares, Id, fp; Dutch -Rhenish, 11, ; Great
Western of Canada, 231, 231 ; Ditto .New
Shares, li, 1 15-16 p; Great Luxembourg, 111,
114 d ;_ Gaud Trunk of Canada, 151, 16. - -
The Funds attained a further advance this morn-
ing, but the receipt of news from China_ with
higher quotations of exchange, produced an un-
favourable effect. Console for money closed at
931 to 94, after having touched 941. For the account
the closing price was 931 to 941, and after official
hours declined to 931. The New Three per
Cents closed at 02,1, to 92a; and .Exchequer Bills
were done at 4 to 7 prem.

The London Railway Share Market was very
steady to.day at firm prices. The following
were the closing prices Ambergate, Nottingham,
and East Junction, 51 58 ; Caledonian, 721, 73 ;
Edinburgh ancl Glasgow, 59 60; Eastern Counties,
114, 113 ; East Lancashire, 97, 981 • Great Northern,
66k, 67,1-; Do. A., 88, 89 ; Great Western, 661, 661 ;
Lancashire and Yorkshire, 1004 ; Leeds Northern,
401 4l ; London and North Western, 1041,1104-1- ;
London and South Western, 981, 991 ; Manchester,
Sheffield, and Lincolnshire, 421, - 43; Midland
Stock, 83g, 838; North British, 432; South
Eastern and Dover, 74, 751 ; -York, Newcastle, and
Berwick, 87, 88; York and North Midland, 661, 671
After official hours the the following were the
quotations:—Caledonian, 72/, 73; Eastern Counties,
11 13.16, 11 15-16 ; East Lancashire, 97i,- 981 ;
Lancashire and Yorkshire, 100 i, 1001 ;,London and
North Western, 104 k, 1041; Midland Stock, 831
83a- ; North British -431 ; South Eastern and Dover,
70, 75 ; York, Newcastle, and Berwick, 661, 67.
No particular change has taken place in the
market for silver, but full .prices are current. Sup-
plies are still . received from the continent, about
40,0001. having been. received from Boulogne. It
is, therefore, expected that a portion of the gold
lately imported from Australia by the Istamboul,
which arrived in London yesterday, will be
remitted to the Continent, in payment for this
and other supplies.
The Bank of England directors, at .their " par-
lour" meeting to day, made no alteration in the

;erms nf discount, and no determination seems to

have been arrived, at with regard to making advances
on stocks during the shutting of the transfer books
for Consols. It was generally presumed that they
would have made some annouucernent on the
subject, but although no instructions have 'yet
been given, there can be no doubt that the autho-
rities will grant this accommodation. With
respect to theyate of discount,it was not supposed
any change would be reported, as there is an
active demand for accommodation at full rates in
most quarters, partly owing to the preparations
for the 4th of the month, and partly also in conse-
quence of the settlements at the Stock Exchange.
When the oblgations are discharged a period of
increased ease will probably ensue, and if the
drain of silver to the East should diminish, addi-
tional relief will naturally be afforded.
With respect to the movements, &c., in Mines,
the elaborate circular of Mr. R. Tredinuiek, of Old
Broad street, London, of last evening, says •
The discovery at East Trefusis does not hold good, and
the price of shares has receded to 5 to 6, Cupid 10 to 11.
The lode in the shaft is 2i feet wide, 14 inches good yellow
ore; the lode in the 40 west turns out fully one ton of ore
per fm.; this end is fast approaching the ore), ground
pasted over for 20 fins. in length at the 25 level, and it.
is highly probable that further improvements will he •
announced. At North Franccs the lode continues good,
Yielding in the shaft from £5O to £6O per fnv, 171 to 18;
Edward si, 5 to 6, with every -prospect -of paying divi-
deudsduring the year; Great South Tolgus IS to.l9,—the
lode at the 60 continues -to yield £250 per fm. ; this will
prove a property equal to the best mine in Cornwall. Old
Tolgus United 100; the shaft and 16 east and west look
very promising,—a 30 fm. level will soon be attained, when
important results may be anticipated. Alfred Consols 18
to 18i; the samplings-are maintained, and the prospocts
generally are reported to be good. Kelly Bray progresses,
-and it probable that no further calls will be made ;. the
.

returns for he ensuing few montli3 wilt equal expenditure,'
with:morn than average obance3 success-253 to 275,
call of 5s paid. Grenville from gas advanced to 30s I o
32i 6d, but leave of 253 sellers ; an improvement on
Newton Moor was announced, but on inquiry it- proves
to be unimportant ; the. shaft must he sunk 20 ims.
deeper ere: any substantial :good will .be . achievod.
South Condurrow, 5s to 6s—an absurd price whtua the
intrinsic value of the: company's grant; is
.considered
South Gotland 3 to 31.„ „and. largely .dealt in ; St.- Day'
'United/25; Rosewarn United, 45 to 46 ; Great Wheal
Alfred, 6 to 621; the pit work is slightly disarranged,
which impedes forking the water. South Frances, 300 ;
I Buller and Basset United, 44; North Basset, 20 to 21 ;
South Bulier and West Penstruthal, 24 ; the cross cut
north is passing thrnugh a benticul channel of ground,