Northern Times.
Liverpool, Merseyside, England, 1857-10-28 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL,- Tuesday Evening.
The Borough Bank has for the present suspen-
ded payment. It closed its doors at half-pas'
eleven o'clock this forenoon, which event caused
the utmost exci:ement among the mercantile
classes generally. We. are, however, happy to say
that all the deposit ors will be paid in VI, as the
Wink of England have cama forward with the
required aid for such a pt_rpose. The affairs of
the bank are to be immediately wound up. The
Directors of the Bank of E 'gland bad a
protracted sitting this afternoor, and it is
rumoured that another Liverpool Bank is
About suspending. The difficulties of the Bo otte,h
Bank have, it is reported, been followed by the
en:tarrassment of another establishment, the
administrators of which are stated to be seeking
assistance The nominal p ice of the shares of the
Borough Bank on our Stock Exchange to-day was
6i, being a decline of 15s. per share.
These difficulties did not seem to have much
effect upan our Cotton Market, which remained
quiet during the day at previous prices. The sales
were about 1,500 bales.
The Liverpool Share Market opened at a small

advance-seon relapsed into a slate of inactivity,
and the continuations turning out haver than was
anticipated, prices of this and the coming account
give way. The following were the day's sales :-
Caledonian, 89i 394, 39, 381, 383 30 ; Great
Wtster 3, 514, 513 ; 1 ancashire, and Yirkshire
923 924, 924, 92; Lancaster and Carlisle, 73 p;
London and North Wt s•ern, 953 951, 953 ; Man-
chester, Sheffield, and Lincolnshire, 38, 374 ;
Midland, 821 824 82, 813; York Capital Stock, 39 ;
Dovers, 19, 18 15-16, 18 13.16; Dutch Rhenish, 43,
44 d ; Grand Trunk of Caeade, 91, 9 13-16, 91,,
9 11-16, 1,4 ; Great Western of Canada, 184; Norm
Union, A 220 ; Liverpool and London Fire and
Life, 83 p. Th 3 business for the next ace aunt was
as follows :-Caledonitire 391 ; Eastern Coutvies,
103; Trincashire at 'd Yorkshire, 921 93, 928. 923
92 924: 924, 921; Lnn ion and North Western, 953 ;
Manchtster, &afield, and Lincolnshire, 38, 373,
374 ; Midland, 824, 821 82 ; North Eastern, 223;
Dols re, 19 1-16, 19 ; Grand Trunk of Canada, 9,
11-16, 94 The ft:Vowing were the closing pities :-
Blackburn, 84. 81; Chester and Birkenhead, 63, 634;
Cale,lGniar, 384. 391 ; Chester and Holyhead, 15
153 ; Eastern Ct unties, 103, 103; East Lancashire,
90, 904; Do 91. shares, 4, 4 p; Great Northern, 234
24 ; Do. A, 103 101 ; Great Western, 51, 514 ; Lai -
eashire and Yorkshire Stock, 924, 924 ; Do. 9/
shares, 3. 3 p ; Liverptiol Crosby, and Southport,
183, 14; London and North Western Stock, 953,
953; Manchester, Sheffield. and Lincolnshire, 371,
374 ; Midland Stock, 813, 813 ; North British, 114,
12 ; North Staffordshire, 43, 44 d ; North Eastern
-Berwick, 2'23, 223 ; York and North Mid-
land, 383, 384; Leeds Capital Stock, 24244; South
Eastern. 18, 13-16, 184; Scottish North Eastern,
11, 12 ; Buffalo and Lake Huron, 53 54 d ; do. new
Shares, sg, 51 d ; Dutch Rhenish, 44, 43 d ; Great
Wt stern of Canada, 18, 181 ; do. new shares 2 9.16,
23.1; Great Luxembourg, 6, 63- ; Grand Trunk of
Canada, 93, 9 9-16 The following were the conti-
nuations paid :- Blackburn, 9d. ; Caledonian,
3'4 3J., 3,4, 3s. 6,1.; Eastern Counties, la 1-16 ;
Great Western, a; Lancashire and Yorkshire Stock,
5 16, 5-16 ; London and North Western Stock'
3, 5-16. 4, 5-16, ; Manchester, Sheffield, and Lie.
colt, 4,3 s, 2s 9u., 3s. 63.; Midland Stock, 1, 5-16,
3 5-16 ; North Eastern-Berwick, Is. 914, 25,:
York and North Midland, 35.; South Eastern, Is
61., ls. 73,1 , ls. 6d., ls. 73d., 25., ls. 9d. ; Dutch
Rhenish, 80., 10d., le., 1.0 d., Is. ; Great Western
of Canada. Is. 6d. ; Great Luxembourg. 6d., 7d. ;
Grand Trunk of Canada, is, 1.16, la. 2d., ls. 141,
Is , 1-16 , Is. 61., 1.16., Is.
Owing to the favourable news from Indio, the
market for the Public Funds and Securities opened
with some aotivity this morning, and at rather
higher prices. Afterwards, however, a dull feeling
set in, and Fries declined 3 to 3 below the closing
quotations of yesterday, owing, in some measure,
to the unfavourable news from Liverpool. The
following, were the closing prices of Consols :-Far
Money, 883 to 883, and for the Account 883 to 68/
After official hours the nominal price of Consols
had declined to 884 to Be 3
In the London Railway Share Market to-day
there was not much business done, and prices are
lower than at the close yesterday. The following
were the closing print's :-Caledonian, 773, 78 ;
Edinburgh and Glasgow, 61!, 623 ; Eastern
Counties, 523, 533 ; East Lancashire, 89, 91;
Great Northern, 933, 043; do A shares, 85, 87.;
Great Western, 504, 51; Lancashire and York-
shire, 913, 924; Leeds Northern, 493, 494; London
and North Western, 954 ; London and South
Western, 88, 89 ; Manchester, Sheffield, and
Lincolnshire, 373, 38; Midland Stock, 814 ; North
British, 47, 48; South Eastern and Dover, 62,
63 ; York, Newcastle, and Berwick, 904, 913; York
and North Midland, 771, 784. After official
hours the business done was at the follow-
ing prices :- Caledonian, 773, 773 ; Eastern
Counties, 10 9-16, 10 11-16 ; East Lancashire, 89, 90;
Grt at Northern, 93, 94 ; Di • to A shares, 84,86; Great
Western, 501, 514; Lancashire and Yorkshire, 913, •
914 ; London and North Western, 944. 954; 'Wenches
ter, Sheffield, and Lincolnshire, 383; Midland
Stock, 814, 813; North British, 47, 48; South Eastern
and Dover, 623 ; York, Newcastle, and Berwick,
90k, 913 ; Yo k and North Midland, 77. 78
About 50,000 half imperials (.242,000) are ex-
pected immediately from Russia. The exchange
at St. Petersburg is still as low as 361, And there-
fore much larger sums would be sent but for the
obstacles interposed by Government. The un-
favourable state of the exchange is attributed to
various causes, among which are the large pur-
chases of Russian stock made in Germany and
elsewhere since the interest on deposits at St.
Petersburg has been reduced from 4 to 3 per cent,
the payments for the steamers bought for the
Government and private companies, large imports
to replenish the stocks exhausted during the war,
and, lastly, the sums spent abroad by Russian
travellers, including the Imperial family'.
The financial improvement at Hamburgh con
tinues, and the rate of discount has receded to 8
per cent..

The Paris letters mention that the idea of a sus
pension of specie payments by the Bank of France
finds numer...us influential advocates, who are de-
termined to urge it strongly, in preference to an
unlimited rise in the rate of discount, should affairs
get worse The question is alleged even to have
been discus3ed at a sitting of the Bank. Except as
a remedy for internal and uncontrollable panic,
when it is demanded as a temporary protection for
the majority acainst the minority, the step would
be one of such fltgrant dishonesty that it may be
hoped it will be summarily discarded. The Govern-
ment; it is said, are determined not to senctio❑ it.
At present, so far from there being any serious
pressure, the best paper can be negociated at a halt
per cent below the Bank rate of 'riper cent. The
movement on the sulject,therefore, may obviously
be attributed to the hopes of ignorant speculators
on the Bourse.

The suspension was announced of the firm of

W. and H. Brand and Co., a London house for-
merly in the West India trade, but during the last
three or four years engaged in large American
transactions. The stoppage is attributed to the
non-receipt of remittances from the United States.

The amount of liabilities has not been stated, but
it is supposed to be rather considerable.
The Corn Ttade is in a very dull state. Ex
tremely little business is ba:ng done throughout
the country, and to-day a further decline of
2.4, per quarter in Wheat, and Is. per sack in
Four, must be noticed.

In the General Produce Markets, there is at pre-
sent little or nothing doing, and lower prices would
be accepted to do business.

Transactions in the Manchester Market are very
limited, but prica3 cannot be called lower.
The folic wit) g are the latest quotations of Foreign
Exchanges :—Amsterdam, short, 11 151 to 11 161;
Do three months, 11 194 to 12 Hi; Rotterdam do.
12 194 to 12 161 ; Antwerp do., 25 521 to 25 60 ;
Brussels do., 25 521 to 25 GO; Hamburgh do., 13 9f
to 13 101 ; Pails, short, 25 25 to 25 35 ; Do., three
months, 25 80 to 25 87*; Marseilles do, 25 80
25 871; Frankfort do., 119 k to 120, Vienna do.,
10 42 to 10 46 ; Trieste do., 10 43 to 10 48 ; NteTko
burg 34i to 35 48i to 481.