Northern Times.
Liverpool, Merseyside, England, 1857-10-27 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, Monday Evening.
There was rather more business done in our
Cotton Market to-day, but prices may be considered
merely nominal. The sales were about 2,500
bales.

The Liverpool Share Market was rather dull to-
(ley, and prices show a decline of about 1 per cent.
The rates reported were as follows :-Blackburn, 81,
Caledonian, 391, 333, 39, 38Z ; Eastern Counties,
10,,,-3-,; Lancashire and Yorkshire, 923, 921, 92, 911,
021, 923; Do 161 shares, od ; London and North
Western, 951, 951 953, 95, 951 ; Manchester,
Sheffield, arid Lincolnshire, 38; Midland, 811,
813, 811, 813, 811 ; Leeds Capital Stock, 241 ;
Dovers, 18k, 18 15-16, 19; Dutch Rhenish, 4, 5 d ;
Grand Trunk of Canada, 91, 9i ; Great Wt stern of
Canada, 2g, 21 d. The Market closed firmly at
the following quotations :-Blackburn, 81, 81, ;
Chester and Birkenhead, 631, 64 ; Caledo-
nian, 38Z, 391 ; Chester and Holyhead, 15, 151 ;
Eastern Counties, 141, 101; East Lancashire, 90,
901; Do. 91. shares, I, p; Great Northern, 231
24 ; Do. A, 101, 103.; Great Western, 511, 513
Lancashire and Yorkshire Stock, 921 92i ; Do. 91
shares, 1, p ; Liverpool Crosby, and Southport,
I€l, 181.; London and North Western Stock, 951,
94; Manchester, Sheffield, and Lincolnshire, 374,
38*; Midland Stock, 813 511; North British, 111.
12 ; North Staffordshire, 41, 48. d ; North Eastern
- Berwick, 221, 221 ; 'York and North
Midland, 381, 381; Leeds Capital Stock, 241, 24k;
S mth Eastern and Dover, 18 15-16, 19 ; Scottish
North Eastern, 11, 12 ; Buffalo and Lake Huron,
trot, 51 .1; do. new Shares, si, 51 d ; Dutch Rhenish,
51, 6 d ; Great Western of Canada, 181, 181 ; do.
new shares, 2 9 16, 23d; Great Luxembourg, 6, 61 ;
Grand Trunk of Canada, 9 9-16, 9,1
The Funds opened this morning at a fall of f per
cent. on Saturday's prices, owing to the unfavou•
rable advices from America, which have induced a
general apprehension that a still more stringent
policy will be rendered necessary by the Bank of
England. Consols for Money closed at 88a, to
883; and for the Account at 8S! to 881 After
official hours, however, the reported fall of Delhi
imparted a degree of buoyancy to the market, and
prices advanced to 891
In the London Railway Share Market there was
very little done, and priees declined. The closing
prices were :-Edinburgh and Glasgow, 611, 621 ;
Eastern Counties, 521, 52 ; East Lancashire,
89, 91 ; Great Northern, 931. 941 ; do. A shares,
86, 88; Great Western, 513, 51i; Lancashire
and Yorkshire, 921; Leeds Northern, 481, 491;
London and North Western, 951 ; London and
South Western, 881, 891 ; Midland Stock, 811,
82 ; North British, 47, 48 ; South Eastern and
Dover, 621, 631 ; York, Newcastle, and Berwick, 901,
911 ; York and North Midland, 771, 80k; Grand
Trunk of Canada, 37, 39 , Great Western of Canada,
18, 181; do. New, 21, 2f
In our impression of to-day, we gave full parti-
culars of the bank panic in the United States. All
the banking houses in New York and Boston had
followed the example of Philadelphia, and refused
to cash bills in specie. This, it appears
has given a rather favourable turn to com-
mercial matters, for we learn by private
letters received here to-day, that there was a much
more cheerful feeling in New York on the depar-
ture of the Arabia than the newspapers of that
city would lead us to suppose. Letters written on
the morning the Arabia sawed state that the crisis
was considered to have been passed, and it is
stated that some business was done ie. Foreig a
Exchanges, and that the rates of bills on London
had advanced to 108, a rise of fully 10 per cent. on
the quotations of the previous day.
The recent superabundance of floating stock on
the Paris Baurse, is no longer observed, and hence
the comparative firmness of the market during the
present monetary crisis. It must not be overlookei,
however, that the French funds are now little more
than 11 per cent. above the lowest prices touched
during the Russian wer. In the 10,000,000/ lean
announced in March, 1854, the 20,000,0001 loan an-
nounced in December, 1854, and the 30,000,0001
loan announced in July, 1655, the Three per Cent.
Rentes were issued in each case at the rate of 05f.
25c. per cent.

A congress of delegates from a number of the
German banks affected by the late restriction of the
Prussian Government upon the circulation of their
notes in Prussia is now sitting at Frankfort, under
the presidency of Prince Felix von Hohenlohe.
Their present labours are directed to the establish-
ing of a " solid identical principle" by which the
issue of bank-notes is to be regulated. The Paris
bankers have held a conference on the injurious
restriction of the legal rates of interest in France
t 6 per cent. In times of pressure they cannot
lend money except by evading the law and
charging a commission. It was resolved to press
the matter on the attention of the Government.
The half-yearly report of the Royal Mail Steam
Company, issued preparatory to their meeting on
Wednesday, shows an increase of 22,9541. in their
total receipts, as compared with the corresponding
period of 1856. On the other hand there has been
an additional outlay of 10,564/. for coals An
extension of two years on the company's contract
has been granted by the Government in considera-
tion of an acceleration to be effected in the Brazil
mails, and certain general improvements in the
West India service. The Australian contract is
now being conduced by a joint arrangement be-
tween the Royal Mail and the European and
Australian Cumpanies. A dividend of 2/. per
share, free of income-tax, is recommended.
A circular has been addressed by Lord Clarendon
to the British Ministers at Maritime Courts
directing them to call the attention of the Govern-
ments to which they are accredited to the facilities
afforded for merchant ships of all nations to make
known their identity when meeting British vessels
at sea, or passing signal stations on the coast of
the United Kingdom. To eff,..ct this, application
must be made to the Registrar-General of Seamen,
who, on reeeiviug particulars of name, tonnage,
port of regi3try. and national flag, and horse-power
it a steamer, will appropriate a distinct signal for
each vessel, comprising four of the flags used in
the Commercial C3de authorized by the Board of
Trade.

Considerable sensation was excited on Saturday
amongst the firms engaged in bullion transactions,
as well as in general circles, by the announcement
that the East India Company have commenced to
ship silver to India. The amount which the Com-
pany have already actually purchased fur trans-
rniss'on to that quarter is shout a quarter of
a million sterling. As specified in the policy
of insurance, the amount is to be shipped on ac-
count of the Company, per the steamer Ripon,
whi.th will leave Southampton for Alexandria on the
4th November. Including the sum airea ly engaged
on ordinary mercantile account, three quarters of
a million sterling has already been sold for expor-
tation by that opportunity, and it is estimated
that the, aggregate remittances by the Ripon
will approach a mllion sterling. As about four

fifths of this amount has yet to be procured
from the Continent, and as there is at
present no gold on sale in the open market, the
probability of further withdrawa►s of gold from the
Bank next week is proportionately increased.
Relief would undoubtedly he afforded by the
arrival of supplies of gold • from Australis, but
none are considered due at present, Nor can the
threatened aggravation of the silver drain be
regarded as a. merely transient feature of the market,

for the remittance which is about to be made ou
account of the East India Company must be con-
sidered only the first of a series. The government
of India is undoubtedly in great pecuniary straits;
for the alleviation of its necessities nothing but silver
will suffice, and this can be procured in the requisite
quanti ies in Europe alone, i.e , through London,
Moreover, when the anticipated but long deferred
home loan is really raised, a large proportion of the
proceeds will doubtlefs be remitted to India in
silver. The point of immediate interest to the
commercial community is to witch the effect of
the various demands upon the Bank of England.
Should the remittances 'of specie from England
to New York continue next week, iu addition to
withdrawals of gold from the Bank in payment for
silver, the directors may be elipected to adopt
fresh measures of restriction.

The assignees and official manager in the case

Arrival for the woek ending 3rd of October last year, 1.412 casks,
and delivery, 3,411 casks. The arrival last w-ek compris3d 3 221
casks from Russia; 902 from Australia; 680 from South America;
bud 323 from other places. Total, 5,131 ta ks.

BOROUGH HOP MARKET.—Ocr. 26.
At the Worcester market en Saturday hops were fully
2s per cwt dearer, and but few hops offering, planters
expecting higher prices. There is more doing in this
market this morning, and prices have a tendency to
advance. The duty is expected to be out shortly, and is
still Ps'imated to pay about £2oo,ooo—some think more,
some less.