Northern Times.
Liverpool, Merseyside, England, 1857-11-13 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, FRIDAY, NOVEVBER 1557

y, 1, ity T •

Lancashire and YoiabLre, bfit, 84; Lon-
don and North Western; 944. The following
were- the closing prices :-Blackburn, 81, 81;
Chester and Birkenhead, 62/, 621; Caledonian,
351, 351; Chester and Holyhead, 14, 141; Eastern
Counties, 101, 101; East Lancashire, 87, 88 ;
Do. 91. Shares, par a p; Great Northern, 231, 231;
Do. A., 10Z, 101; Great Western, 461, 461 ; Lanca-
shire and Yorkshire Stock, 881., 881; Do. 01
shares, par 4 p ; Liverpool, Crosby, and Southport,
181, 181; London and North Western Stock, 93i
941 ; Manchester, Sheffield, and Lincolnshire, 35,
351; Midland Stock, 80k, 801.; North British, 111,
111 ; North Staffordshire, 41 41 d ;• North Eastern -
Berwick, 22 3-16, 221; York and North Midland, 371,
38; Leeds Capital Stock, 221, 231; South East-
ern and Dover, 179, 1.8; Scottish North Eastern,
11, 12 ; Buffalo and Lake Huron, 51. 51 d ; Do.
New Shares, 51, 58 d ; Dutch Rhenish, 61, 61 d ;
Great Western of Canada, 174, 171; Du. New
shares, 31, d ; Great Luxembourg, 51, 54 ; Grand
Trunk of Canada, 8, 84. The following were the
Continuations paid :-Blackburn, 10d con ; Eastern
Counties, ls, is 71d ; Great Western, 1-16 back
even ; Lancashire and Yorkshire Stock, 1 5 16 ;
London and North Western Stock, 7-16, 1,1,
5-16; Manchester, Sheffield, and Lincolnshire, 1,
3-16; Midland Stock, 1, 5-16, 1, 5-16, ; North
Eastern-Berwick, is Bd, 2e, is 8d; York and
North Midland, 3s; South Eastern, 18,6 d, is 71d,
Is 6d, is 9d ; Scottish North Eastern, 25,4, 2s ;
Dutch Rhenish, 9d ; Great Luxembourg, 7d, 8d;
Grand Trunk of Canada, ls, 1-16, is 6d:
Consols opened to-day about the same as yester-
day, but the market was soon influenced by some
large sales by the bank broker, and prices for
Money fell considerably. Towards the close they
improved, and advanced to 90. They afterwards
showed weakness. Consols for Money closed at
88 to 831; and for the Account at 891 to 891
Exchequer Bills was quoted at 35 to 25 dis; and
the New Three per Cents 871 to 88.
The Railway Share Market was heavy, and
closed at the following prices:-Ambergate, Not-
tingham, and East Junction, 41, 5 ; Caledonian,
70, 72; Edinburgh and Glasgow, 54. 56; Eastern
Counties, 501, 511; East Lancashire, 87, 89 ; Great
Northern, 91, 93 ; do. A shares, 79, 81 ; Great
Western, 47, 48 ; Lancashire and Yorkshire, 891,
London and North Western, 04, 95 ; London
and South Western, 82, 84 ; Manchester, Sheffield,
and Lincolnshire, 341, 351 ; Midland Stock, 80,
81; North British, 411, 451; York, Newcastle,
and Berwick, 88, 90 ; York and North Mid-
land, 75, 77 ; Great Western of Canada, 47, 48 ;
Do. (New), 33, 34; Grand Trunk of Canada, 8, 81
We have to record the suspension of the old and
influential firm of Messrs. Sanderson, Sandeman,
and Co., money dealers and bill discounter, of
King William-street, London. This is the largest
house that has yet succumbed to the present crisis.
It is thought that the liabilities will not be less
than two millions sterling. It is only a few days
ago that Mr. Richard Sanderson, the senior
partner, breathed his last. Subjoined is a copy of
the circular issued last evening :-
London, E.C., Nov. 11, 1857.
Gentlemen,-It is with extreme pain we have to an-
nounce to you that our house is under the necessity of
suspending its business, an event which was wholly unfor-
seen and unexpected by us. The pressure of the times
and the recent lamented death of our senior partner, Mr.
Sanderson, have left us no alternative but to take this step,
which we trust will be but temporary. The accounts are
being made up with all possible despatch, and in a few
days they will be in a state to be submitted to those
interested.-We are, gentlemen, your obedient servants,
SANDERSON, SANDMAN, AND CO.
It is expected that the Marseilles portion of the
Overland Mail will arrive on the 14th (Saturday),
and the correspondence via Southampton will pro-
bably be received on the 18th.
Silver continues flat, and until the Overland
Mail is delivered, it is not imagined that any busi-
ness of importance will be transacted. About
148,000/. in that metal, however, was brought by
the Rhine from Boulogne yesterday.
The amount' of gold brought to Suez from
Australia by the steamer Emeu is 525,000/. This
opportune supply will be brought to England by
the steamer Australasian, which is expected to
arrive at Southampton about the 18th or 19th inst.
At Hamburg the rate of discount has risen to 10
per cent.
The Avon has arrived from MelboUrne, with
51,648 ounces of gold on freight, worth about
200,0001.

The steamer Minna has arrived from Constan-
tinople, with about 12.0001. in specie, chiefly in
Turkish gold coin. The African has also arrived
at Liverpool from the same port with a rather
larger amount.
The steamer Ethiope has brought 2.484 ounces
of gold and 558/ in specie, making a total of about
10,000/, from the West Coast of Africa.
The steamer Panther, which has arrived in the
Thamea from Boulogne, brought about 85,000/ in
silver.

The Fiery Cross has arrived front China with
868 800 lbs of tea.
With reference to the market for American rail-
way securities, Mr. E. F. Sattherthwaite reports as
follows :

Although the accounts from America by the late arri-
vals are rather more favourable, we have no improve-
ment to note in the market for American securities in
Lcndon during the past week. The statements put
forward of the financial condition of the Illinois
Central and Michigan Southern have not encou-
raged holders. The earnest efforts of the friends of
the Erie road in America during the late severe crisis to
secure the taking of the new loan, have not been met with
any corresponding action on the part of the English holders
of the bonds unsecured by mortgage, and of the stock of
the company. We hare to note s-,les of Illinois Central
shares at a considerable decline; and Construction bonds
are dull at 73. Transactions have taken place in Erie
stock and bonds, and in Michigan Southern Sinking Fund
bonds at lower rates. A few small investments have been
made in Michigan Central bonds of 1869, at 77 to 78..
New York Central stock has brought 70. The bonds of
this company continue scarce.

liE MUNE rARy

GLASGOW.—It was mentioned with great indig-
nation on 'Change (says the Glasgow Daily Mail of
yesterday) that one gentleman, a partner of a Bank
director, had busied himself in urging parties to
withdraw their accounts from one of the banks.
Such conduct is almost incredible on the part of
any person in the position of a merchant, and we
should hope there will be no other instance of it.
The Scotch Banks, as a necessary precaution,
have ordered large drafts of gold from London ;
and a meeting, we understand, takes place
to-night in Edinburgh, for the purpose of
concerting measures of mutual assistance in
the event of any renewal of the run. We
(Glasgow Daily Bulletin) regret to learn that, from
the present distressed state cf the Money Market,
several of our leading public works will have to be
closed shortly. On Tuesday one of the most ex-
tensive cotton spinning firms in the city shut up
their works till further notice. This is the more
to be lamented as a large number of workmen,
male and female, will, in consequence, be thrown
out of employment. The Scotsman says :—" Yes-
terday (Tuesday) afternoon, about four o'clock, a
telegraphic message from the Lord Provost of
Glasgow was received by Lord Melville, the com-
mander of the forces in Scotland, to the effect
that considerable excitement existed in Glasgow
with reference to the present commercial crisis, and
requesting that, as there was a possibility of some
disturbance arising, a body of troops should be sent
to Glasgow to act in the event of any emergency. Lord
Melville at once ordered 220 men and six officers
of the Rifle Brigade, now stationed in Edinburgh
Castle, to be ready for immediate departure, and
before leaving the Castle, they were furnished
with fifty rounds of cartridges. The troops left
Edinburgh about half past seven o'clock last
night by a special train on the Edinburgh and
Glasgow Railway, They will go into the barracks
in Glasgow; at present occupied by the depot of
the 2nd battalion of the Ist Royals and the depot
of the 21st. There is a troop of the Lancers
now stationed at Hamilton, and it• is likely that
they will be to-day strengthened by a detachment
from Piershill."

PATSLEY.-Our trade here may now be said to
have fairly come to a dead lock. The suspension
of the Western Bank is likely to be followed with
such serious results here that the people stand
aghast when they look them in the face. The
great majority of our large manufacturing houses
dealt almost exclusively with the Western, and
consequently they are by its suspension at once
compelled to suspend ail work together. The
number cf unemployed people is likely to be
swelled to an enormous extent almost immediately
on this account. Yesterday a run took place on all
the banks with branches in Paisley—the City, the
Union, the British Linen, and the Bank of Scot-
land. Public faith in bank notes appeared to be
entirely suspended among the working population,
and the demands for gold for single notes during
the day ware very numerous at all the banks.

GREENOCI.—The banking houses generally in
town had yesterday an unusually busy day of it,
the transactions being, of course, chiefly payments
of gold and silver for their notes, and to account
of
.panic-stricken depositors; but the house which
enjoyed the largest share of attention was the
Union Bank of Scotland, at the corner of Cath-
cart-square. From the hour of opening in the
morning up till three o'clock, the bank was
crowded to the door, the majority of customers
being women of the middle rank of life. Some of
these stout ruddy matrons, after half an hour's
subjection to the squeezing process, issued from
the premises with baskets or other packages filled
with silver coins, the sweat pouring over their rubi-
cund faces, looking satisfied, but sadly tusselled and
crumbled up in appearance. One was seen to come
out more like an unshapely bundle of clothing than
anything else. Another got out with her bonnet
almost doubled up, and twisted round awry, over a
dishevelled frontlet, so as to make her positively
ridiculous. But her all-absorbing idea was the
safety of her cash, and she seemed willing to be
laughed at. There was a large trade of the same
kind done at the Greenock Provident Bank. The
street all day presented a peculiar aspect.—Glasgow
Daily Mail.
STATE OF MANUFACTURES IN CARLISLE.—The
stagnation of trade in Lancashire and other manu-
facturing districts, has, we are sorry to say, ex-
tended to this city. The operatives in the mills of
Messrs. Dixon and the Messrs. Ferguson com-
menced on Thursday to work forty hours per
week, instead of sixty, and the other factories in
the town will follow the example. For some
time past spinning and power-loom weaving
have been tolerably brisk, and the sudden
change was quite unexpected. The urgency of
the short time movement, however, may be judged
from the fact that it is upwards of twelve years
since the Messrs. Dixon were compelled to adopt
a similar expedient. The warping and other
branches which have been suffering from a long
period of fluctuation will now be almost entirely
suspended. Upwards of two hundred weavers are
also already waiting for webs, ani. last week the
usual supply from Glasgow was not forwarded
The present monetary•crisis is the cause of this
lamentable change, as the leading merchants are
withholding orders until after affairs become more
settled. It is feared that trade will not revive till
the beginning of the year, and in the mean time
much distress will be entailed upon the workpeople,
as well as upon those partially dependent upon
their incemes.--Carlisle Journal.

KIDDERMINSTER.—We regret to say little is doing
in the carpet trade at Kidderminster. Nearly all
the looms are working short time, and manufac-
turers are receiving no orders, so that the opera-
tives have a gloomy winter's prospect before them.
The American panic, and the suspension of the
house of Dennistoun and Co., will disappoint
manufacturers of their usual orders at this time of
the year from the " States." Although wools have
receded 2id. to 31. per lb., yarns keep up their
price. Many parties believe a reaction will soon
take place, and that wools will again maintain their
high price. -Messrs. Crossley and Sons have sprit
out a circular reducing their price upon Brussels
and tapestries, but the Halifax carpet factories are
still making good time —Worcester Chronicle.
Dunrart.—The Dublin Evening Post of Tuesday
says :—We have heard that the Bank of England
during the whole of this excitement has not in any
instance refused legitimate accommodation to its
customers. The Bank of Ireland, it is well known
in commercial circles, has not in the least degree
decreased those facilities it has been in the habit of
affording; and the Irish banks generally, we know,
have acted with the utmost degree of liberality
consistent with prudence. As regards the home
trade, the whole question is the difference be-
tween a higher and a lower charge in the per
ventage for interest during the temporary pressure
—a difference even if it lasted for three months,
which it most probably will not, that would not
amount to more than 20 or 25s upon a 91 days' hill
for 1001. This is in all transactions, large and
small, would be some curtailment of profits ; but
let it be remembered that the bank of Ireland and
the other banks accommodate their customers as
usual, that there is no curtailment of discount, no
interference with the legitimate operations of trade;
and further let this be borne in mind that any
limitation of discounts by the banks, even for a
single day, would produce far greater loss and pub-
lic injury than the whole amount paid by the
public in the shape of increased rates of interest..l
BELFAST.—The Banner of Ulster has the follow-
ing :—•lt is deeply ,to be regretted that, in conse-
quence of the curtailment in manufacturing opera-
tions of almost every description in Belfast, caused
by the state of monetary affrtirs, both in America
and at home, numbers of skilled tradesmen are
walking the streets without employment, and
others proceeding by every steamer to England
and Scotland, where their prospects of work at
nresent are by no means encouraging,. The foun-
daries and machine-makers have discharged
many of their hands; - and placed others
under notice to leave. All other trades
dependent on our staple manufacturers are
of course, suffering in proportionate degree ; and it is
still more melancholy to contemplate the vast
number of needle-women left total or partially
without the means of earning a subsistence, '

According to the Mercantile Journal trade is active:
—So far the state of the money market has not
affected the activity of our trade, for the quays sire
crowded with- vessels and goods, and the men are
more inclined to ask for increased harbour room
than to assume that high discounts will have any
injurious effect. It is satisfactory to observe by
the Board of Trade returns that the north of
Ireland at the present moment is much less in-
terested in monetary affairs with the United States
than usual, the export of linen goods having
decreased 0,000,000 yards to that quarter during
the last nine months as compared with the pre-
vious year.

SHIPPING INTELLIGENCE.

LIVERPOOL, NOVEMBER 13.
WIND YESTERDAY, S.W.—Light.
HIGH WATER—Morn. 9 21—Even. 9 41—Height, 14 ft. 3 in.

ARRIVED.

Pwllheli Packet Cardiff
Alexander ........ ~.. Cardiff
Thomas ....
friendship .. lnverness
Herald ...... —Newport
John and Parah'.... Dumfries
Falcon
Christopher & Elizabeth .. Cardiff
Dorothy and Nanny........ Neath
Victoria .. Dnblin
Lance.. ..... . _ Wicklow
Angel
Patrick.. • • ..
Agnes ........ Arklow
Sker . .
Prince of Waterloo Arklow

.131).
Isis Sayan'll a
David ITarrison .... • • • • ....Bahia
Queen of the Lakes Portland
Te • (s s.)
Her Majesty.. St. Thomas
Agamemnon New Orleans
Bella Pottena Para

)UTWARDS.
I Decima Old Calabar

Bella Donna Alexandria
Genevieve Pernambuco

Itt LOADING.
Cambria New Orleans
kangaroo (s,s.) New York
Marie Ostend
fa.j estas Rio Janeiro
Rita (s.s.) Santander, &c

Switzerland . . Sydney

Margaret ...... ....Gibraltar, itc
Arno (s.s.) Trieste, &e