Northern Times.
Liverpool, Merseyside, England, 1859-11-12 00:00:00

CURRY, KELLOCK, and . CO.,
"A BROKERS FOR THE SALE AND PURCHASE
1%. OF SHIPS AND STKAMERS, SHIP VALVERS ,
maiii„ AND 'APPOINTED BROKERS TO TirE HIGH
`.:OuRT OF ADMIRALTY Walmer-buildings,
Water-street.

COMMERCIAL CIRCuLAIts, C v----r• ----sc
iciu:OGUES, &e.
---
GRIFF IN
(Successors to CHARLES WILLMEGE,)II I E ,
GENERAL .PRINTERS,
Are in a position to execute, on the shortest notice, aria with
correctness, COMMERCIAL CIRCULARS, CATALOGUES,-
PRINTING OFFICES, . 15, S01:711 JOHN-STREET.

MONETARY AND COMMERCIAL.

LIVERPOOL, Friday Evening.
The Cotton Market to-day opened with a
moderate demand, although .with a quiet tone.
The sales are reported as about 7,600 bales, of
which%l,ooo were for export, or taken on specu-
lation. In regard to the week's business, in their
weekly circular issued to-days Messrs, George
Holt and Co., say :

Tlie Cotton market is steady, firmly supporting the
prices of last week, especially for the Middling and
better qualities of American, which aro scaice, and
parcels without dust and sand continue difficult to pur-
chase at our former quotations ; the Low Middling and
ordinary sorts, of which the great bulk of the stock is
composed, are abundantly offered on the market, and
continue very unsaleable. We now quote Middling
Uplands, ; Mobile, 7 6-16 d. ; and Orleans, 7,7-16 d.
The committee of brokers place Fair Ur lands,
7;13d. ; Mobile, it& ; and Orleans, 71d. ; being a
redaction of 4-d. per lb.; but we consider these quotations
too low. Surats have been in good demand throughout
the week but as this description of Cotton is freely

offered for sale, pfices.are.only just supported. Brazils
anal:Egyptians are without Change. Large sales have
been made darifigthe,week4 in Cotton "to arrive," -and
" latini3t middling" Mobile has,been sold at 74d.; but to.:.
dayptlie same parity. and deacziption of Cotton is offered
at ad. The last adviccs frorazthe -United Statestontinne
torepzrt favourablyefthc weather, rind most parties esti-;
Mats the crop at 4,fii00;000 bales.. 2,310 American, 080.
Surat, and 230 Egyptian are reported to have been,taken
oie spemlation; 9849 Amerioan, 4,370 §urat, ;and 400,
Madraz, for export; that. he deliveries to•thel-rad6
for the Week have been abort 30,700 bales. TheAaasiness
to-clap will probably amount Lo 8,000 balm. -
The Liverpool Share narket has been quiet
during the week, eaotwithstanding which con-
sider.:94!e firmness 1.. s :been shown. To-4.y;the
tone been good. (I'.4lelnsiness transacted at
this dad's market ineludedles of Calk-Ydonian at
92 I.;;Lancashire and Yorkshire, 961 ; Lancaster
and Carlisle Con. Stock,l9B; London and North-
Western, 95 Midland,
.;10P ; South-Eastern;
' 1;
23 1-16; ,Chester and lioly.head, leased to London-
and North-Western, 49; do. No.- 2, 5 per Cep.,
1131 ; North Union A., 23i.; _Midland 6 per Cent.
Pref. Stock -138 ; Commercial .Bank (Liverpool %
121 ; Rorel: Bank (Liverpooll, 372 ; LiverpoOl
and London Fire and Life Insurance, 7', .
Pacific SteAni Company, new shares, 22 p..

CLOSING r MIES.
Meg. & B'head.. 771 774- N. Stafford .... 41t1
Caledonian .. . 92 92t N. B. Ber.,c. Stock 90 90.2-,,
E: Counties ....... 11 114 Yorkeapital Stock 75 75;i
E. L Stock .... Leeds Stock 46 46-,
G. Stock 103 S. Eastern.. 23 1-16 23h
Great Westerns... 65 651 Dutch-Rhenish .. •
Lan. and York .. 96a 96Z- Gt. Luxemb'g 1-16 7,1
Ln. &Nor. West. ,1•95?-7 951 G. T.Ca'da 92. 91
, 4-shares .... 15-16 G.W.Canada .... 14 141
V. S. arid Lincoln 3&:1 351 , new ehares 61- 6id
AlitilaniNto'ck ..10V, loq Buffalo &L. Huron 4 kt
N. British St. . Skt 60 Great Ship.. .13/6 14/6

The General Produce Markets, have been much
the same during, the east week as they have been
for some time back. The, business done has Deen
to answer consumptive demand, little or no specu-
lative effort having hen exhibited. Igor ' Tea
the market has been heavy, and the public sales
of the week passed off languidly. -In Coffee
little has been done. The market for Sugar has
been quieter, at prices which show no material
change on last week's quotations: Rum has been
dull of sale. For Rice, notwithstanding the
considerable excess of *stocks over the estimate,
an improved feeling; was manifested in the market.
The Provision Market has also been dull.
The sales of Beef for the week are to a fair
average extent, and. include about 300 tierces of
ordinary neiv. The arrivals are- again in excess
of the deliveries, hence holders meet buyers
freely, seeing no prospect of the stock becoming
reduced. With only moderate sales, there ,is
rather more firmness in the market for Pork,
arising partly from speculative enquiries, -but
for so far at prices under the , quotations.
New American Bacon begins to be asked' for.
There is
.a moderate demand for Lard, at steady
prices, and the sales for the week will probably
reach 40 tons., Fine Cheese is dearer and in
good demand-; ordinary qualities are slow of sale.
Tallow is a shade easier in price, and the stocks
accumulate. Linseed Cake is a ready sale, ex-
ship. ••

• LONDON STOCK EXCHANGE.
Friday Evening.
In the English Stock Market to7day,.although •
no great amount of activity prevailed, there. was.
a better feeling, and the disposition was towards
an improvement in prices. Consols opened firmly,.
and throughout the morning have been fully.
maintained, the latest quotations being 96.4 for
money, 'and .961 2 for account; Reduced Three
per Cents. have been done at 94:4 4, 95; New
Three per Cents., 94,1 95 941 and 95; India
Stock,• 224 and 226 ; Ditto Debentures, 96i ;
Ditto Bonds, 1 dis.; Ditto, under £lOOO, 2 pm. ;
and Exchequer Bills, 295. pm., large and small.
The English Railway
,Market has• continued
quiet all.. day; but the , prices quoted were well.
maintained, without, however, 'loading to- any
important advance in values.. Great Westerns,
London • and North-Westerns, South-Westerns,
and Midlands arc. a fraction better. Berwicks•!
exhibit a rise of .Is. per share.
In the Market for Foreign' 'Securities, very lit-
tle business was done, but 'values were firmly
supported: Russian Three per Cents. have risen
to ~V;. Spanish are a fraction higher • Original
Turkish have been dealt in at 78, and the New
Sixes at 67; New Indian Loan is quoted at 1031
to 1041, •

tlilE PUNDS.-CLOSING PRICES.

Con. Money 961,-
Account . . 964
~ • • 8
Exchequer Bills. 29 -31

Bank Stock.... 226 8
Three per Cents. 941 5
Next Account ..

RAILWAY
A. Not, &E. J. . . 6
Caledonians 92 4
Dutch Rhenish..
Eastern Counties 551 4
East Lineasbire.
Edinbgh. & Glas. 79 80
Great Northern..lo2 3

SHARES.

Lanc.&Yorkshire 96-?-, 7
L.& N.Western. 95:4 wl
L. and S. W.... 951, ti
Leeds Northern.. 461 7
Man.Sheff.&Lin. 351 6
Midland Stock . .106
North British • . 591
N. Staffordshire.
S. E. and Daver. 761 71
York,New &Ber. 94,
York &N. Mid . . 75

If „ A. 89 01
Gt. Western . 65
Gt.W. Canada ...13a 14
Gd.Tk. of Ca. .. 0-16
Gt. S. and W... 103

AUSTRALIAN MINES AND MINING UNDERTAKINGS.
In his monthly circular, dated MelbOurne, Sept.
15, Mr. Thomas Loader makes the following -
I servations, viz,
The past month has been chalaeterised by more ex-
citement and speculation in mining operations than was
ever before witnessed in Melbourne. During the latter
part of last month, some fifty gold mining companies
were projected and introduced to.the Melbourne market ;
and for a fol•tnight- commercial business was, compara-
tively, almost forgotten in the eager. rush after shares.
-The country press in the mining districts, with charac-
teristic caution, qualified by. observing the daily ex-
perience in existing mining operations upon the diggings,
-loudly. and. unanimously warned the public against
becoming imprudently excited. The Melbourne press
strictly republished. every article, and .the banks
united to suppress- the. dangerous infatuation ; and
although the excitement has imparted an extri:-
ordinary impetus to the mining interest, nevertheless
the public has already become cautious and deliberate
in taking hold of a new operation. The excitement
first commenced by the Bendigo Water Works shares
going up to 10, 12, 14 pounds premium, consequent
upon some reports reaching town that the ground which
the company has to excavate for its reservoirs is richly
auriferous. _ Upon this several. persons, knowing of
land quite eqnal to that owned by the E.W.W., at once
started rival companies for steam puddling. The shares
were so eagerly taken up
.at large premiums, that the
business of making companies became, in the hands of a
few speculators, quite a, lucrative profession, until
the extraordinary facilities for producing similar
operationseete all over the gold fields became apparent to the
littlex companies failed public,
and then the newly-projected
a pies to find purchasers for the shares,
aZo,
forhealthyaficaduation is manifested now by persons
unlimited supply of equal lost sight of the fact that ' an
materials for companies might
be obtained all over the
auriferousilcr
regions in the
colony. It was stated in this
oliastthmonth, and
may be repeated again, that the -w
enterprises have. the. elements a success ine them;rojeclrd
possess ut
many of these`initiatecl upon Crown lands
advan-
tages over- others, while the operations upon freehold
lands are generally more advanced and preferred because
Of .'the • better security of tenure, less clogged with
injudicious.' mining conditions, and the larger area of
land Possessed by the proprietors.
The Unlimited field'. here-for the investment of capital
cannot long be negldeted by English capitalists. The
vast amount of experience acquired by the early miners
has taught them where to avoid useless 'and profitless
experiments, and where to expend money with judg-
ment. Mining is now a well-understood business
'which,- judiciously initiated, cannot fail to be
remunerative. The . great error' heretofore com-
mitted by English capitalists has 'been that men
with no Australian mining experiende, have been en-
dlVusted with the management of operations in a

branch of raining peculiarly distinctive in itiThWracter.
The • safe 'introduction, of capital to our dining enter,
• prises can orgy. be made through the medium of ,men
who have the best sourets of information. at their com-
,mand,- both to.value:cf the operation, :the facilities
.required for cerrybig it cut, and the actual practical ex-
perience of the parties t, be entrusted with the inaua,ge-
Anent ; when these arc carefully ambinc...d.; the result
-must be profitable.. and vecessful.