Northern Times.
Liverpool, Merseyside, England, 1857-09-24 00:00:00

THE NORTHERN TIMES.-LIVERPOOL, THURSDAY, SEPTEMBER 24, 1857.

The Liverpool Dock Committee invite tenders
for the constuction of a line of electric tele-
graph from Liverpool to Hol3 head, "including
communications with the necessary s,Anaphore
stations"

Several descriptions of American Railway
Securities were flatter, yesterday, including Illinois
Cenral shares, which have again declined to a
discount.

LIVERPOOL COTTON MARKET. —SEPT. 23.
There has been a very quiet market for cgtton to-day, and althonzh
there is no desire to pre3s sales, yet buyers have an advantue of
1-16 d per lb. The sales—inelndlng 150 Sprats 421 to 61—are
reported 4 000 bales, of which 1.000 are on speculation and for ex-
pert.

LIVERPOOL PRODUCE MARKET.-PT 23.
Sousa —There has b el rather more disposition to do business. but
we have no alteration t) notice ; 800 begs Bengal (chiefly date) are
reported at 44s 61 to 534, 1,000 bags Corn ,ta at 365, ex quty, 44)
boxes Havana at 47s 6d, bnd 2,100 bags Per,ams in bond at 31, per
cwt.

MOLASSES.—We hare also had more doing, 650 pnncheons c'ayed
Cuba having changed ands (price not reported', and 215 puncheons
Antigua at 22= (;d per Cwt from the quty.
COFFEE.-150 bags Rio have realised pr,vlous rates.
RlcE.—The ma,ket continues qu;et, hut the sales comprise 1,000
bis:s y.illow cargo sold at 9 s 6d, 400 bags old Bengal sold at 103 31,
803 bags Larang sold at 10i, and 4,000 bags Madras sold at 103 6d
per cwt.
SALTPETRE. Nothing further has transpired.
MADDER ROoT3.—The business doneat the Willa sale this morning
comprises 100 bales Bombay which sold at 38s to .03.
MYRABOLAMS.-150 tons sold at 7s 91 to 8i 61.
nWERIC.-3co hags Bengal sold e 593 t 593 61.
GAMBI R.-100 bales, all faults. a' 15s to 163 3d.
SUMAC.-300 bags Pa'ermo, all faults, at 7s to 83 per cwt.
CA TOR OIL —2O cases soli at 7 Id=
Lec DYE —lO heats sold at Is 31 p•r lb.
I ouwoon.-90 tons Jamaica 3-yid at £4 7s 61 to £4 103.
Fcsuc —5O tons Pnerte Cabel'a 5,11 at it 7, 15 tans Jamaica at £7
2s 6d to £7 ss, and 23 tons Csara at .£7 2s 6 1 to £7 12s 6d per ton.
SAG FEorn.—We have to notice 400 b gs which sold at 17s 91 to
193 par cwt.
PEPPER.-200 bags Singapore black sold at 54d per lb.

AGRICULTURAL PRODUCT MARKET.- SEPT. 23.
Per stone, 201bs. 1 Per 901'43. s. d. s. 1
s. d. s. `I.I Potatoes. Pink Eyes() oto 0 0
Hay, 01d...... 0 7 to 0 8.1 Ditto, Kemps .... 4 0 o 4 3
Ditto, sew.. 0 6 to 0 71 Ditto, Whiterocks. 3 0 to 3 4
Ditto, clover 0 7 to 0 71 Ditto, Seed ing... 4 6 t.. 0 0
Green Clover 0 li to 0 11 Ditto, Beldrum, .. 0 0 to 0 0
Vetches 0 0 to 0 0 Ditto, cattle 0 7 to 0 I i
Straw, wheat. 0 3 to 0 3}l Per ton.
Ditto, oat ........ 0 3 to 0 31 Turnips
Ditto, barley .... 0 3 to 0 3} Carrots
Oats, in straw .... outo 0 0 Wangle worse!
Manure 4 0 to 6 0

MANCHESTER TRADE REPORT.—SEpr. 23
Thrre was a quiet market to—day, there being little or nothing
done in goods. Yarns were also quiet.

LONDON PRODUCE NI RK F.:T.—Son, 23
SUOA I.—The large public sales of foreign are progressing steadily
T t.e reared Market in firm.
CoPrEs.—The nub is sales, which are large to-day, are going off
heavily, and the Costa Rica are rather lower.
'res.—The market remains quiet.
SALTPETRZ hasfurt bar adva'sced, and still has an upward tendency.
CoT rors.—Tho market is dull, although Madras has been sod at an
advance.
Rica —This article continues dull of sale.
SricEs —9O bags white pep er scli 83 1 to 91; 450 Ines pimento,
mostly bought in, 43d to 42d ; 2.5 cases Penang cloves sold 10d to 11d ;
130 bags Zanzibar, 4gd to 4 d ; 210 canes Cochin ginger s..ld, 63a to
66J; 25 Noses cassia lignea, bought in, 1503 to 1555.

LONDON TALLOW MARKET.—SePT 23. •
The market Is quiet toddy at the subjoined quotation :—Town
tallow 600 nett cash ; Petersburg Y.C. on the spat, 591 3d
September, 59s ; Octob2r aneruber, 538 to s?s 3d ; January
to March, 581.

BOROUGH HOP M -tRKET.-Szrr 23.
Tt►e market b steady. Duty, :6120,000.

LONDON CORN M ARK RT.—SKI-T. 23.
The wheat trade in Mark-lane this morning w.a dull, at the decline
noted on Monday, and Roar was equal y difficult to lisposs of at that
day's redaction. Barley sold i I retail at Monday's (ootagons.
Oatf, with wood arrivals, did soot rea i.e any more money than on last
market day. Beans and peas scarce and dear.
ARRIVALS INTO LONDON FROM SR'. 21 TO SEPT. 23.

Wheat.
Barley
Oats...
Malt_

English and Scotch I Irish.
10;0
580
690
1190

Foreign.
CBBO
1770
1800 I 2933►

Flour. 1)0 barrels. sacks.

LONDON MINING MARKET.-SEPT. 23.
Io the market for hoes m'n n 7, sto .ks o ie of the chief features is
the c:-..ntnu:d irquir es for East Basset sha es, which are marked
this morning 78 sh)winz a further androvement. Lady Bertha
shares have been dealt in at lj and li; and Tamar Miiiing at 11.
Most other dexriptions are steady but qu et. In toreign ani colonial
mining shares there is no movement.

SALFORD CAT ILE MARK ET.-SErr. 9.
The supply to-nay consis'el of 1,474 beasts, 5,930 sheep and lambs,
and 186 c,d,es. The to:Lowing were the current prices: —lle4 beaf,
71 to 7,1 d ; mi dl ng, 61 to Bid; cows, 51 to 61d; be t welders, 'ad
to 8d; ewes, 6d to 7d ; lambs, 7d to 81; calves, 61 to 7d.

GLASGOW PIG IRON MARKET.-SEP-r. 23.
The market remain, very qu'et at the following prices: —Warrants,
buyers 67e 6d, selltr 68.; No. 1, buyers 6gs 61, sellers 711 s; No.
3, buyers 64J, sellers 64s 6d per ton.

At LEWIS & COIPANY'S, treet,
BOYS are CLOTHED rem the Ages of Six toßanelsgh- Twenty Years.

and to facilitate the Interest payments by furnish-
ing them with coupons, has led to the question
hciug raised whether the issue of Exchequer Bills
in any shape is, under present circumstances, desi-
rable. The only recommendations that could ever
have been urged for them were, first, that they
enabled the Government to raise any sum that
might be requisi►e for temporary circumstances in
a form to admit of its being easily paid off when the
requirement had terminated ; secondly, that they
supplied the financial public with a singular ly eligible
medium fer the employment of floating balances;
and, th!rdly, that owing to this fact they would cir-
culate at a rate of interest considerably below that at
which loans could be raised by the creation of
stock. All these advantages, however, have now
disappeared, and as the existence of a heavy
unfunded debt has at all times certain inherent
objectionable, features, it is natural that doubts
should be raised whether these should be sub-
mitted to when there are no longer aoy counter
acticg circumstan^es to render them unimportant.
The issue of Exchequer Bills merely for casual
purposes has long pased into a more extensive
errangement, by which the total has been
swollen so as to represent nearly a fortieth part
of the entire national debt, about 17,000,000/

or 18.000,000/ being at all times in the hands
of the public. The facilities which caused them
to be acceptable to financiers have been utterly
eclipsed, chiefly by the attractions offored by
the banks and discount houses in receiving
deposits at call, and partly by the higher terms
payable on railway eebentures ; an 1, finally,
so far from their now eff:cting an economy to
the Government by their rate of interest being
below that of the funds, they cannot even be kept
flour a discreditable discount by an interest of
3/ 16s 011 per cent., while any amount could be
raised in stcck at about 3/ 03 or 3/ 7s per cent
Whether the new regulations recommended by the
commitree would in any important degree remedy
this disparity may be doubted. The fact is, the
government themselves have, for years past, con-
trived, as far as possible, to damage this species of
security at the very time when other changes in
the monetary world were tending in the ssme direc-
tion. The first blow was inflicted by abolishing the
regulation under which they were receivable for
revenue payments at any period after three months
from their date of issue ; and subsequently Sir
Charles Wood and Mr. Gladstone, by obstinately
allowing them to fall to a heavy discount, and to
remain unsaleable at times of severe pressu e,
thoroughly completed the mischief. There is
hardly a banker or money-dealer who has not a sore
recollection of losses and anxieties most unjustly
thrown upon him in this manner, and the prejudice
created will last for years to come. It is, therefore
full time to consider whether the annual pecuniary
loss entailed by these securities, together with the
discrelit of seeing the current obligations of the
Government daily quoted at a discount, should not
be got rid of by funding the whole, or, at all events,
so large a portion of them as would enable the
remainder to float and to command a respectable
premium at a reduced interest.
Advices horn San Francisco mention the arrival
of 80,0001. in dollars from Mexico, destined for
exportation to China. Mexican dollars are con-
stantly flowing to China from various points of the
American coast, in addition to the large amounts
remitted from England.
Telegraphic advices, dated Sf. Petersburg, Satur-
day, report a great storm and fire on the Ladago
Canal. Two hundred '• barks," or country craft,
laden with produce destined for shipment,including
flour, timber, & were wrecked. Tile damage, how.
ever, does not appear to represent any serious aggre-
gate, and the quantity of tallow lost is believed to
be comparatively small. The price of tallow was
quoted from 179 to 182 ro. on the spot. The ex-
change on London stood at the low quotation of
37 i, which shows a large profit on remittances of
gold to this side, provided that gold could be pro-
cured in Russia.

month of the years 1856 and 1857 for low middling to
middling cotton.

1856 7. Ebthest. Lowest.
513temb:r............113 to 1 11.... .... ....loi to 11
October • • 12 t,12.........•••11 to 111
November .......... _ll} to il/ ............ 11 to 11/
December ..
January, 1837........ 12i to 121 111 to 114
February, ~ •• •••• —l2i to la l2 to 12g
MArch, „ .... •• ..13,1 to 0a... . 123 to 12/
Apri , „ ........13/ to 14
3.1 sy, „ ........ • 3.1- to 14 .
Jaw?, ~ .
July, ~ • • 144 to 35 . 131 to 14
Aagtut, „ 142 to 15. t.......... —l4/ to 15

Table showing the highest and lowest points in each
month, and the average monthly price, for middling cot-
ton (of the Liverpool classification), for the year ended
31st August, 1837.
• 18'6 7. Highest. Lowest. Average.
Septemt er.......1 ato 11/ .ll to 11i....... Ila to 11,a
Octoser 12.1 to 12i........11i .o lii ...... ..11f 0111
Nov3inber lla to 11/.... •...lit to 11i........11i to 11
De?t,rnber lll to 12i.........111 to 11 ....... liito 12
.
January, 1857 124 to 12i........ Ili to 12i .......12i to 123
F.brtury, „ l2/ to 13 ........ 12a to 12i,.... ....121 to 121
111 rch, „ l3i to 131........121 to 13/ .......131 to 13i
Ap!il, „ —l3/ to 14 ........13i to 131 .131 to 131
May, „ .. 134 to 11 ~......131 to 13i., . ..... ;31 to 14
Jute, „ .. 131 to 14 - to 137
July, „ ..141 to 14L ..... l4l to 141........ 143 to 14a
Anust, „ .. 15 to 15,t ltito 15
Table showing the product of low middling to good mid-
dling cotton, taming the average of each entire year for
ten years, with the receipts at New Orleans, and the total
crop of the United States.

Total Crop. Ree. at N. O. Av'4o. Price.
Bites. Bales. Cents per lb.
1847—s ~.... _2,347,634 . El
184 i-9 ......2 7 1,142.382 ..........64
1843-50 2,0)6,7 6.......... 837 723 _ll
1830 —1 .• • .... 2 355,2 •• .. 995,036 ..
1851-2 .• ......3,0 15,529 1 429 83 8
1852-3
1853 —4
1851 5 2 847,'129..........1 28 I,lfß
1855 6 ............3,527 840 1 759 223..
1856-7 (estimate 3) ..2,935,000.. •... 1,513,247. 12i
The tot al receipts at this port since the Ist of September
last, from all sources, are 1,513.247 bales. This amount
includes 63 251 bales received from Mobile Fiorida, and
Texas by sea ; and this being deducted, our receipts
proper, including 18.996 bales received direct from Mont-
gomery, Weturnka, &c., are shown to be 1,429,936 hales ;
being a decrease, as compared with last year, 0f,246,04.i
bales. The total exports since the Ist of September are
1 516,921 bales, of which 749 483 bales were shipped to
Great Britain, 258,163 to France, 236,069 to the North
and South of Europe. and 223,204 to the United States
ports. The total receipts at all the Atlantic and Gulph
ports, up to the latest dates received, as shown by our
general cotton table, are 2,938,332 bales ; but the actual
crop, when made up to the Ist of September by the New
York Shipping and Commercial List, with the difference of
stocks at Augusta and Hamburgh, receipts overland, &c.,
will not be far from 2 935,030 bales ; a decrease of 592,000
bales as compared with the crop of last year.
Having thus shown the amount of our receipts, and their
distrioution, we proceed to give some general statistics
connected with the cotton trade, which will be found of
more or less interest to producers, dealers, and con-
sumers.

Table showing the import, export, consumption, and
stocks of cotton in the whole, of Great Britain, for the
years 1835 and 1836.

Stock, all kinds, Jan. 1.
Impor:at on, Amori.an —1,758,295 1,62 i,478
Braz-1 . 122,411 134,762
West 1ndie5............ 11,320 8,946
Egyptian ............. •• 112,911 11.5,018
Eust I edits ..

436,47)

021,450

Fupply
Export 353,700 316,900
Consump:i n 2,263,899 —2 622.09 2,04,298-2,416,198

2,955,339

2,906,6t;8

Stock, Dac 31..........
Weekly average con-
sumdtion

332,740

48 i,47J

The following table exhibits the import, delivery, stock,
&e., in the whotL! of Great Britain, for the-first six mouths
of the current year, ended 3Jth June last, and a compari-
son with the same period in 1156• By this it will be seen
that the quantity taken for c,lnsumption in Great Britain,
for the first six months of 1457, sh)ws a decrease as corn.
pared with the same period of 1856 of 49,116 bale'.
1857. 1855.
Stock, January 1......ba1e5.. 332,740 486,470
Import bi2L monies ..... 1,01,052 1,5:3,238

weeks of the early picking season. What the extent of
the crop may ultimately be is, under the peculiar circum-
stances, a matter of even more uncertainty than usual
at this period of the season. Whatever it may be,
however, it cannot exceed the wants of the world ; and
without the interposition of some great disturb•
ing cause, it would seem assured of a ready market
at even a higher average of prices than was realised the
past season. In calculations of crop it should be borne
in mind that the interior is nearly bare of stock, and that
the supply is to be drawn almost exclusively from the pro-
duct of this year. It may also be well to remember that
the large crop of 1855-56 was an unusually early one,
nearly 24,000 bales of it having been received previous to
the Ist September—about treble the quantity received up
to that time in any previous year ; and it should further
be remembered that of the total crop of 3.527.000 bales, it
was estimated that only about 3,30,000 bales were the
growth of 1855.

On the 15th Angust five bales of the new crop were
received from Texas, being exactly one month later than
the first receipt -of last year, which was also from
Texas. Three of these bales proving of good color and
staple, and classing good middling to middling fair, were
promptly sold at the fancy price of 18. a per pound for
shipment to Liverpool. The first arrival from the
111issitlippi Valley was on the 231 August (two bales)
against 6th August last year; but these were evidently
lmmature, bc.ng poor in staple, badly gin-cut, &c., and the
few straggling bales that have since arrived have been
mostly of a similar character. The entire receipts of the
new-crop:are orly 33 bales, against 1,166 bales last. year
and 23,232 bales the year previous. Of course, therefore,
there has been no opening of the market upon the new
crop, and the season closes with a stock unsold of some
3,000 bales, consisting almost wholly of the:low grades of
old crop, for which few or no buyers have appeared for
some time past. The quotations, therefore, are almost
wholly nominal as follows ;
NEW ORLEANS CLASIIFICATION.
(Asq,imilating to that of Liverpool.)
Inferior
Ordina ll to 12*
Good 0-dinary 13i to 131
Low Middling l4k to 141
Middling l5 to 15i
Good 153 to 15i
Middling Fair nominal,
Fair
Good Fair
Good and Fine

SHIPPING INTELLIGENCE.

I IVERPOOL,
HIGH WATER—Morn, 2 2l—.
ARR.]

SEPTE HER 24.
Even. 2 37—Height, 13 ft. 7 in.
EYED.

Sept. 22, SiTt. 23.
Atlantic (U.X.S.) ......New York ‘7. A•ner:can (it.IVI.S.S ).. Quebec
Cintra (s a.)
Pelican (s.s.) RottErlami Eli .a Rae ........• • • • • —.lb ail
[ll.lbea (s.s.) . .

6,-CASTLE-STEEET-5.