Northern Times.
Liverpool, Merseyside, England, 1857-11-09 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Saturday Evening
The Cotton Market remains in a very dull and
sluggish condition. The sales to-day were about
1,500 bales, and prices are merely nominal.
There has been rather more businesa done in
the Liverpool Share Market to-day, and iirices show
a material advance. The following were the
day's transactions :—Birkenhead, Lancashire and
Cheshire, 631 ; Lancashire and Cheshire, 911. 91a:
do, 9/. Shares, par ; London and Nor;h Western,
944, 941; Manchester, Sheffield, and Lincolnshire,
:371„ 37 Midland, 811 ; North Eastern, 221 ;
Dovers, 18 11-16, 181; Dutch Rhenish, Od ; Grand
Trunk of Canada, 88 ; 1 iverpool and London, '
Fire and Life Assurance, Bp. The follhwing were
the closing prices :—Blackburn, 74 to 8 ; Chester
and Birkenhead, 63, 631.; Caledonian, 38k, 38 ;
Chester and Holyhead, 15, 151; Eastern Counties,
101. 10 11-16 ; East Lancashire, 891, 90 ; Do. 9/.
Shares, par 1 p; Great Northern, 231, 24; Do.
A, 104, 101; Great Western, 481 48/ ; Lancashire
and Yorkshire Stock, 911. 911 ; Do. 91. shares, per
p ; Liverpool, Crosby, and Southport, 181, 18} ;
London and North Western Stock, 941, 941 ; Man-
chester, Sheffield, and Lincolnshire, 361, 37 ; Mid-
land Stock, 811, 81i ; North British, 111. 12 ; North
Staffordsh;re, 44, 44 d ; North Eastern —Ber-
wick, 22 9-16,22 11-16; York and North Midland, 381
381; Leeds Capital Stock, 231, 231; South East-
erUan d Dover, 181, 1811-16; Scottish North Eastern,
11, 12 : Buffalo and Lake Huron, 51. 51 ;D.
New Shares, 53, 58 d ; Dutch Rhenish, 6 51 d ,
Great Western of Canada, 17k, 18 ; Do. New
shares, 21, d ; Great Luxembourg, 58, 51; Grand
Trunk of Canada, 81, 9.
There is no material change to notice in the
state of the Money Market ; to-day, perhaps there.
was less demand for accommodation, but no
alteration occured in the rate of Discount. The
Bankers' circular of to Jay remarks :

The condition of the Eng fund cannot at present be
taken as a fair index to the general state of the Money
Market. In short, the e has been a constant struggle
between the two. The amount of money brought into the
Stock Exchange by parties investing, has caused the rates
for loans upon Government Securities to be comparatively
easy compared with the rates charged for discounts out of
doors : this has enabled bankers and others in pessession
of stock to reap a handsome profit without the necessity of
forcing their securities upon the market. How long this
anomalous btate of things will remain, it is impossible to
say. The most remarkable feature of the week has been
the advance of the Bank minimum rate of discount to 9 per
cent. An examination of the returns to the 4th instant,
will at once show the extraordinary demands made
upon it from the 24. h ult., the private securities
having reached the sum of 22,628.2611, while the
reserve has fallen to 2 155 3151, being within
608,0451 of the sum to which it fell on the 25th of
October, 1847. What effect this will have upon the trade
and commerce of the country has tut yet been clearly
developed ; bat the advocates of the Bank Charter are as
tenacious as ever in upholding that measure ; and they
look upon a suspension of specie payments as something
awful in its consequences, when contrasted with the de-
struction of our commerce, the discharge of thousands of
working people, and the total annihilation of the profits of
trade. Whether the commercial classes of the United
Kingdom will permit themselves to bo thus hood winked
by a knot of g-eedy speculators and millionaires remains
to be seen, he time for action has arrived, and if they
neglect the opportunity they hive before them, they have
only themselves to blame. The opponents of all reform in
our monetary code have bolely declared that 8,9, 10, or
any other rate per cent. for the use of money is not
inimical to legitanate business. Wnether the merchants
and manufacturers are of the same opinion, a few months
longer will testify.
There was much more buoyancy in the Funds
to-day, and the very unfavourable Returns of the
Bank do not seem to haveain the least affected the
market. When business commenced the quott!-
Cons immediately advanced, and before the official
close of the market an improvement of about per
cent from the latest prices current yesterday
afternoon was established. The effect of the
bank's statement was "discounted," and an im-
pression seemed to prevail amongst many of the
epeculators that henceforward some recovery from
this severe monetary derangement will be ensured.
The advices from America, which are expected on
Monday, will show the influence of the accounts
taken out from this side by the Persia, and also of
the remittance in sovereigns made by that vessel.
It is argued, therefore, that the news will be
1111•• G 11.. I. aa,,0.,
that arrivals from Australia will soon take place
there is decidedly a more confident feeling.
Such an extraordinary high rate as 9 per cent.
cannot, it is thought, long continue, and hence
several large purchases have been made for the
December account, based upon the impression that
in the interval the crisis will have been surmounted
and a reacien commenced. The rise to-day was
stimulated by the purchase of about £70,000 for ar,,,
insurance company, and the closing of a "Bear"
account of about £4O 000 Consols. The Chancery
broker was amongst the buyers, and as the affect
of bona
_fide operations is always irresistible, the
movemeet in values is easily explained. Late in
the day the market still retained its buoyant
appearance. Consols for Money and for the 10,11
instant were dealt in as follows, viz., 881 881 ;
eel, 881; 881, 884 and 881 buyers. For the 7th
December they left off at 891 89t, the New Threes
were at 871 88, and the Reduced were 87a 873
The following list shows the fluctuations in
Consols during the past week :

Lowest Highest Closing
prices. prices. prices
Monday
Money "• • } Exchange closed.
Account
Tuesday Mono), 893 90} 893
Account _893 891-
Wednesday
Account ....89} 891 393
Money 883 .892
88}
Account 883 89 88}
Fliday , --Money .... 87 381 883
Account 884 88i
Saturday Money 884 88} 881
Account ....881 883 883
The Imports of Specie during the week were
very small, hardly 100,0001.; viz.: by the Neptune,
from Havre, 10 boxes silver coin ; the Medway,
horn Gibraltar, 1 box specie, 8431; the Dolphin,
from Antwerp, 5 cases 31 packages bullion; the
Panther, from Boulogn3, 27 eases bullion ; the
Diana, from Amsterdam, 1 package gold coin; the
Colombo, from Alexandria, 5,2661; the Tagus, from
the Mediterranean, 5001; the Seine, from Boulogne,
14 cases bullion ; the Rhine, from Boulogne, 8
eases bullion ; the Baron Osy, from Antwerp, 29
cases bullion; the Sultan, from the Mediterranean,
1,8001; from St. Petersburgh, 42,0001.
The Exports, same period, were as follows:-The
Ripon, for Alexandria and the East Indies,
£956,847, of which £12,152 was in gold, and the
rest silver, divided as follows :-Gold for Alexan-
dria, £150; Bombay, £500; Hong Kong, £4OO ; Mau-
ritius, £5OO ; Ceylon, .£5,175 ; Madras, £3,586, and
Calcutta, £1,825. Silver to Bombay, £350,830 ;
Madras, £24,493; Calcutta, £473,240, Penang,
£1,010; Singapore, £23,835; Hong Kong, £68,106,
and Shanghai, £3,440 ; the Ariel, for America,
£56,000; the Parana, for the West Indies, £25,126 ;
the City of Baltimore, for New York, £ll,OOO
The Official Return of the Exports of the Precious
Metals from the port of London, for the week
ending October 30, show a total of 18,092 ozs. of
gold, and 3 360 ozs. of silver.
The London Railway Share Market was slightly
active to-day, and prices improved. The following
were the closing prices :-Ambergate, Nottingham,
Boston, and Eastern Junction 4, 54; Bristol and
Exeter 82, 84; Caledonian 751 763 ; Chester and
Holyhead 29. 31 ; East Anglian 173, 183; Eastern
Counties 52, 53 ; East Kent 17, 18 ; Eaat Lan-
cashire 89, 91 ; Edinburgh and Glasgow 56, 58;
Edinburgh, Perth, and Dundee 251, 263; Glasgow
and South Western 88, 90; Great Northern 923, 933;
Grea.; Western 483 48i ; Lancaster and Carlisle
73, 76; Lancashire and Yorkshire 91, 914; London
and Biaekwall 51, 53 ; London, Brighton, and South
Coast 100, 102 ; London and North Western 94
913 ; London and South Western 861, 871; Manches-
ter, Sheffield, and Lincolnshire 34 371; Midland
81, 813 ; Midland, Birmingham and Derby 55, 57 ;
North British 463, 473; NorthEastern-Berwick
90, 91; North London 92, 95 ;North Staffordshire
41, 41 die ; North Western 73 8 ; Oxford, Wor-
cester, and Wolverhampton 29,30; Scottish Central
100,102; South Eastern 62. 63; South Wales 80, 82 ;
Buckinghamshire 91, 93; Hull and Selby 105, 107;

Thursday

Eastern Counties Ex. 5 per Cent. (No. 1) 102, 106
East India Guaranteed 5 per Cents. 104 1011:
Geelong and Melbourne 5 per Cents. 18k, 191 x n ;
Grand Trunk of Canada 35, 36; Great Indian
Peninsula Guaranteed 5 per Cent. 20, 201; Great
Western Canada Shares 171, 18/ ; Madras Gun-
ranteed 41 per Cent. 18, 19 ; Scinde Guaranteed 5
pct. Cent. 2 1 pm ; Eastern of France 25k. 26 ;
Great Luxembourg, Constituted Shares st. 6;
Lombardo-Venetian 21- p m ; Namur and Liege,
61; Northern of France 341 34! ; Norwegian
Trunk Preference 8! 91 ; Paris and Orleans 48, 50 ;
Recife and San Francisco (Pernambuco) Gtnranted
7 per Cent. (limited) 11, Royal Swedish
Sambre and Meuse 6!, 7 ; South of France
2012 201; West Flanders, 41, 5.

Respecting the movements Mines during the
week, the Mining Journal of to-day says:—
The money market has been in a very unsatisf ctory
state this week, and great apprehensions were felt that on
Wednesday, the day when hills become dae, some few
disasters would occur, but the day passed off better than
expected. Alfred Console up to Thursday had been dull
and flat, M 13, and it was considered by all conversant
with the state of the mine that, without some discovery in
the deeper levels, dividends could not be kept up; or.
Thursday, notice of a good di-covert in the 130 was re-
ceived, and a rapid the of £2 per share took place;
they leave off at 15 to 16, but not quite so firm as they
were. For North Tavy shares time has been a fair
demand, at 1 to 11 ; the tin bele is said to be vary rich.
East Gunnis Lake shares not quite so firm, at 2i to 2! ;
the appearances of the mile at Readwin'e shaft lead
to the expectation of an important discovery before
long, and the shareholders would do well to wait the
result Cwm Erfin 2to 2; ; Llandedno Ito 1 ; this
mine is improving, and likely to do much better ere long.
North Trelawney to a. South Frances, 245 to 250
Wheal Uny shares have been in great demand, and the
price advanced to Ble Great South Tolgus, although the
mine is now looking better, have continued flat at 151 to
151 ; Tehidy shares have been more sought after at 2 to
2f. In Lady Bertha shares a strange s,ieculative business
has been going on, one day sellers at 19. , and another
buyers at 254., being the highest point reached during the
week, although when there were sellers at 235. quotsaims
as high as 275. Gd. were giren ; they leave off at 21s to
235. Mary Ann shares have kept firm at 493 to 50.4. ;
Trelawney not quite so geed, at 234. to 244. ; Wheal
Edward 8 to 8! ; East Basset, 90 to 95 and the Market
rather quiet. Caistock Consols, 51, to 51; in December
next a dividend of 21. Gd per share is expected. Tavy
Console, I to 1, flat ; Gawton United, 11 ; Esst Russell,
21 to 2; ; a large business has been done in Eas; Rose-
warne, at 11 to 1!, leavitg cif at 264 to 234. Grambler
and St Auhyn, 821 to 85; the mine is still improving in
the 36 Providence Mines, 80 to 821 ; Wheal Kitty
(Lelant), 18 to 19, and flat, Here2efoot, 71 to 8 ; the
mine continues to look well ; the late accident to
the machinery has been comple'ely rectified, and as there
is now plenty cf water for the stamps, the returns of the
mine are expected to increase. North Basset ehares, in the
absence of business. are flat, at 14 to 15 ; West Basset, 24
to 25; Sortridge Consols 21 to 2 ; West Frances shares
have been more inquired for, at 20; Wheal Grenville, 1/
to 2, and rather in request ; Wheal Margsret, 60 to 625,
and have been flatter (luring the week; West Beton, 330
to 340 ; North Crotty, 51 to 51 Par Consols, 20 to 21 ;
the mine is looking sell and a dividend of .E 1 104. per
share paid for the four months. East Tamar, yto 1, and
rather sought after; the mine is looking better in the alit.
Great Alfred shares have been more inquired after, at 41,
to 51 Wheal Sydney, 6 to G; ; the mine continues to
improve. and likely new to realise good profits. Craddeck
Moor, 39 to 40; Redmoor, 1 to a ; Devon Great Console,
440 to 450 ; St Day United, 1k -to Vale of Towey,
to 1 ; East Alfred, 21 to 3 ; East. Buller, 24 to 3, and
inquired after ; Pad nen drea, 1 to 1-4- ; North Levee, 31
to 31 ; Margery, 11 to 12 ; Porkellis, 41 to 5 ; Wheal
Harriet, I to ; Great Wheal Baddero, 1 to 1.
The only foreign mining company meeting held this
week has been that of the General Mining Company, from
which it appears that a contract has been entered into by
the directors to purchase all the interest of the late Duke
of York to the mines of Nova Scotia and Cape Breton.
This would involve the raising of 100,0001 more capital,
in 5,000 new shares of 201. each. The negotiations had
been completed satisfactorily, and the resolution fur raie:ng
the money for the above purpose was carried unanimously.

It was announced at a late hour this afterneen
that the firm of Messrs. Denistoun, Cross, and Co.,
of London, Liverpool, and Glasgow, and largely
engaged in the American trade, had suspended
payment. Thii is a failure of considerable imper-
tance, and likely to increase the uneasiness which
already ex:fits The liabilities a. believed to be
extremely large, but it is confidently stated that if
time is granted to the film, there will be more than
sufficient to pay all its engagement' in full. It is
,por.srtAaji that the t ears vv.. or% rs to+ ',eel, t
year, Messrs. Denistoun and tie. had an vailabie
balance of 900,0001.
The London Produce Markets have been very
inactive dur:ng the week. It is clear that the
existing discount restrictions, the caution now
exercised, and the uneasy feeling created, are pare.-
lysing trade, and placing importers, merchants,
and manufacturers in an embarrassed situa;ion•
The fall in Produce has been very serious, and if
cargoes and stocks in warehouse were pressed for
sale, the losses would be immense, provided a
market could be found for them, which is rather
improbable. The wholesale and real.' houses are
merely supplying themselves for immediate neces-
sities, and refuse to operate unless at lower quota-
tions. The consequence is, that a large proportion
of the quantity brought forward publicly is
withdrawn, or disposed of at reduced quotations
Sugar has declined 3s to 4s per cwt. since last
week, and sales are now extremely difficult to effect.
Very little Coffee having been offered, prices
recovered is to 2s per cwt., but this has now been
almost entirely lost, and the market has closed
with a depressed appearance. The Tea sales were
not attended by any buoyancy, and the quotations
were rather heavy Cocoa is dull, and rather
cheaper, and Rice can be purchased at lower rates
Spices have undergone no change requiring par-
ticular notice, but all articles without exception
tend downwards. Tallow has receded, and P Y.C.
is 52s 91 per ctrl. on the spot.
During the past week business has b3en ex-
ceedingly flat in Leeds, scarcely any buyers
having been in the market In the manufacturing
ciistrets the mills are barely employed three days
in the week, and in same instances there is a
complete cessation, the late accounts from the
United States having added to the general gloom
of the market. At Bradford, little business has
been done, and prices are altogether irregular, the
demand for Piece Goods and Woels being very
limited. At Manchester, the depreesion still
continuer, and mush variation has prevailed in
prices; sales in almost all instaees have been
suspended. At Leices'.er, the dealings were con
fined to immediate wants, and prices for almost all
articles were at a.considerable redu3tion on former
rates

Arrangements have ben in progress for the re-
mittances to India and China by the Colombo on
the 20th, which are likely to be on a sep.le of mag-
nitu:le Large Imports of Silver have been made
from Boulogne, Antwerp, and corresponding
shipments of G )1d from this side have been made
in payment. This movement has aggravated the
evil against which the Bank has had to contend.
There can be no doubt that the Hon. East India
Company have been sending large sums to the
Continent for the obtainment of this metal, which
they require in the presiiencies, so that the
Indian mutiny may be said to have formed one of
the chief disturbing causes which have brought
about the existing anomalous sta e of things. The
current quotations in the Bullion market are :
Bar gold, 77s 9.1 per oz standard ; U..ited States
gold coin, 76s 3d per oz.; bar silver, 5s 1-ld per oz.
standard; and five franc pieces, 4,311-1-, I per oz.
In regard to business affairs in the North of
Ireland, a Belfast correspondent, under date of
yesterday, writes :—" We are happy to say that all
our large linen houses will be very slightly affected
by the state of things existing in America. For the
last six months, or, we might say, nine, our manu-
fae:urers have been exercising great caution, and
limiting very much their operations. The conse-
quence is, that they are quite easy tinder a pressnre
which would have told fearfully upon them at
the commencement of the year. If pro-
duction be decreased still further in the various
departments of our Linen and Cotton Trade, as
appears to be contemplated, there is no
room for the apprehension of any failures
whatever. Flax markets have been less active, and
sales go off with dulness. Several of the spinners
continue to work briskly as usual, but the state of
the Money Market keeps down all transactions,
and flax buyers only take such parcels as will be

required for immediate use at the mills or for
export. In the Yarn Trade no change can be re-
ported. Up to within some days past the demand
was good, and came close up to production ; the
amount of stocks held by spinners is, therefore, less
than could have been expected for the rapid',
contraction of demand within th. 3 last four or
five weeks. The follov‘ing are the quotations :-
70 lea line, 41 3.1; 75 do, 4a 6d ; 80 do, 44 91; 85
Ho, 53; 90 do, 5s 63 ; 93 do, 53 9.1 ; 100 do, tis
Brown Linens have gone off with difficulty for the
week. Holders feel that the rates offered fall
below what they could replace goods for, and
choose rather to throw looms idle, and hold on for
a time, than sell at such depr, ssed prices. This
course, however, will press most seriously on the
poor weavers, many of whom will be thrown idle
at this dull season of the year should the manufac-
turers and drapers make any larve reduction in the
time of their hand-loom workers."

LIVERPOOL COTTON MARKET. —Nov 7.
The cotton market continues extremely quiet, and
prices are merely nominal. The sales—including 40
Pernambucos 9: 1 to 939, 20 Egyptians 100, 700 Surats
50 to 53d—are reported 1,500 bales, of which 500 are
on speculation.

AGRICULTURAL PRODUCE MARKET.—Nov. 7.
Per stone, 20Ibs.
I Per gOl'•s. s. d. s. ri.
s. d. s. (I.lPotatoes, Seedlings 4 0 to 4 4
Hay , 01d...... 0 7 to 0 8, Ditto, Kemps .... 4 4 1.0, 4 8
Ditto, sew.. 0 6 to 0 711Dttto, Whiten:wits. 3 4 to 3 6
Ditto, clover o6to 0 7l Ditto, .1381 shaw... 3 4 t., 3 6
Green Clover 0 0 to 0 0' Dttto, Lt. Farm..T3 0 0 to 0 0
Grass 0 0 to li 0 Ditto, cattle..
Straw, wheat 0 3 to 0 3i Per tc'.
Ditto, cat
Ditto, barley .... 0 0 to 0 O'Oarrots
Oats, in straw .... UUto 0 01 Mangle wurtel
Manure 4 6 to 6 6

LONDON TALLOW MAll.llgT—Noy 7.
The market is steady to-day, at the following (pota-
tions :—Town tallow, 56i uett cash ; Petersburgh 7.C. on
the spot, 533; October and• December, 523 91; January
and March, 52i.

MARKET • AVERAGES:—Town tallaw, 5Gi 6d; fat by
ditto, 2 11i 1; yellow Russian, 54s 6.1 ; melted stuff, 428;
rough ditto. 23s 6d ; tallow graves, 17s ; good dregs, 7s.

LONDON MINING MARKET.—Nov 7.
Business iu the market for home mining stocks this
morning has been vary languid. In the Stock Exchange
no transactions are officially reported. the inquiries are
limited, and prices are nominally unaltered. Tne shares
of the General Mining Assoclatiou (Nova Scotia) have
been dealt in at 14; and Mexican and South American
Smelting at 5-i (£lO shares).

COVENT GARDEN—N,..v. 7.
Fruit and vegetables generally aro sufficient for the
demand. Dutch grapes have :lightly advanced in price.
Pears consist chiefly of Marie Louise, Glou Morceau,
Ducte-sse d'Angouleme, Crassane, Jean de Witte, and
Chaumontel. Large importations of foreign produce also
continue to arrive. There is still a good supply of filberts,
which fetch from 30s to 35s per 100 lbs. Kent cobs
continue good ; pt ices range about the same as last week.
Barcelona nuts fetch 22s per bushel, anti Brazils 183 eitto.
Oranges from Mideira and Oporto continue to make their
appearance. Among vegetables are French beans and
caeliflowers, the latter realising from 2, 6,1 to 3s 6d per
dozen. Cucumbers are plentiful. Spanish onions may
now be had at from Is to 2s tad per dozen. Potatoes are
greatly diseased. Cut flowers consist of orchids, gar-
denias, heliotropes, geraniums, violets, mignonette, heaths,
camellias, chrysanthemums, and roses.

THE NORTHERN TIMEg.--LIVERPOOL, MONDAY, NOVEMBER 9, 1857

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