Northern Times.
Liverpool, Merseyside, England, 1857-12-07 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Saturday Evening.
There has been a moderate demand for Cotton
today, the sales being about 4,000 bales, including
500 on speculation and for export, at steady prices.
There has been no material change in the
Liverpool Share Market to-day. The following
were the transactions :-Birkenhead, Lancashire,
and Cheshire,. 651, 651, 651; Blackburn, 9 ; Cale.
denim, 381; Lancashire and Yorkshire, 911, 914;
ditto £0 shares, 1-16 p; London and North Western,
941, 941 c, 941', 94e' ; ditto, 1 shares, 1 1-16 d ;
Manchester, Sheffield, and Lincolnshire, 351 361;
Midland, 851, 85/, 851, 831, 85.1 c, 851 ; Dovers, 194,
19 1-16, 191 ; Grand Trunk of Canada, 91, 9 13.16 ;
Great Luxembourg. 6 1-16. The following were the
closing prices : -Blackburn, 9, 91; Chester and
Birkenhead, 651, 651 ; Caledonian, 381 38g ;
Chester and Holyhead, 16, 161.; Eastern Counties,
10 15-16, 11 ; East Lancashire, 88, 89 ; Do.
91. Shares, par, ap ; Great Northern, 23k, 24 ; Do.
A., 10, 101 ; Great 'Western, 501, 501; Lancashire
and Yorkshire Stock, 911, 911; Do. 9/. shares,
par p ; Liverpool, Crosby, and Southport, 181,
181 ; London and North Western Stock, 94,1, 04 ;
Manchester, Sheffield, and Lincolnshire, 361, 361,- ;
Midland Stock, 851, 851; North British, 111, 114 ;
North Staffordshire, 41, 41 d; North Eastern -
Berwick, 23 3-16, 23 5-16 ; York and North Midland,
41, 413 ; Leeds Capital Stock, 251, 26 ; South
Eastern and Dover, 194, 191 ; Dutch Rhenish
51, 54 d ; Great Western 'of Canada, 181 18,1 ;
Do. new ehares, 23 21 d ; Great Luxembourg,
6, 61 ; Grand Trunk of Canada, 93. 91.
The demand for Money is more active than
it was in the beginning of the week, yet it is not
excessive. There has been a favourable feeling
produced by the comparatively few failures on the
Stock Exchange, the " fourth" having passed with
payments being made in almost all cases.
The mass of paper falling due was heavy
enough, and its character sufficiently diversified
to test the strength of our internal trade, and the
suspensions which did occur were principally
confined to foreign houses, brought town by the
crisis on the Continent. It was a subject of
general remark that, regarding the unfavourable
anticipations expressed, the payments should have
been so punctually liquidated, especially with the
rate of interest at its present elevated point, and
the difficulty experienced in obtaining accommoda-
tion. The effect upon the Money Market has been
encouraging, and could • further failures be pre.
vented, the revival would be steady and progressive.
Should the disasters abroad continue, instances
cannot fail to occur in whieh connections on this
side will be sacrificed. The Bankers' Circular of
to-day thus remarks on the present state of the
market :-
There has been a kind of kill in monetary affairs during
the past week, but numerous failures have been added to
the list, especially in connection with the Centineat ; at
Hamburg, Vienna, Berlin, Stockholm, and in various
con'inental cities, mercantile credit has received a severe
shock. France, up to the present time, has maintained
her financial position without any alarming changes,
whether she will be able to weather the storm has yet
to be proved. The high price of money has interfered
greatly with the operations of Manufacturers, and a great
many workmen are out of employ. The discussion in
Parliament on the Bank Charter, and the Indemnity
Bill, have formed the principal topic of discussion ; but
from what may be, gathered from the debates last night,
the Bunk Charter Act will be bAstered up for a further
period, unless some energetic measures are adopted by
those opposed 'to its renewal. The Funds during the
week hove bean firmly maintained, with only a trifliog
fluctuation, and the payments due on the 4th • have been
satisfactorily met. The news from New York is again
favourable, the specie in the Banks to the 14th having
increased to 19,451,000 dollars, and the daposi's to
00,001,000 dollars. The 'Nee./ York State Six per Cent.
Loan, of 500,000 dollars, has been contracted •at an
average of 106.21.
The Market for the Public Funds and Securities
was rather more buoyant to-day, and at the close
prices were quoted at an advance of 1 per cent.
Consols for Money being quoted at 913 to 913; and
for the Account (Monday) at the same figure.
- The following list shows tho fluctuations in
Consols during the past week :-
Lowest Highest Closing
prices. prices. pric3..
Monday Money 913 911 914
Account ...911 914 914
Tuesday Money 91 913 91
91=e- 91=
Account „NZ 011 914
Thursday _ _Money .... 913 913 911
Account ....913 913 913
Friday __Money .... 91 - 913 91
Account .....91 911 911
Saturday __Money .... 911 913 913
Account ....913 911 . 91,
In the' London Railway Share Market there was
not much business transacted to day, but prices
were pretty well supported. The following were
the closing quotations :-Anabergate, Nottingham,
Boston, and Eastern Junction 43, 5 ; Bristol and
Exeter 94, 86; Caledonian 76, 762; Chester and
Holyhead 30, 32; East Anglian 17, 18; Eastern
Counties 54, 55 ; East Kent 17, 18 ; East Lanca-
shire 88, 90 ; Edinburgh and Glasgow 59, GO ;
Edinburgh, Perth, and Dundee 203, 273; Great
Northern 94, 95 ; Great Western 501, 501 ; Lan-
caster and Carlisle 74, 78; Lancashire and York-
shire 91, 913 ; London and Blackwall 53, 511;
London. Brighton and South Coast 102, 104;
London and North Western 941, 95; London and
South Western 883, 894; Manchester, Sheffield,
and Lincolnshire 351, 361; Midland 85, 851 ; D
Birmingham and Derby 59, 61; Norfolk 57, 59 :
Norli British 47, 48; North Eastern-Berwick 02,
93; North Staffordshire 4, 43 die.; Oxford,
Worcester, and Wolverhampton 29, 30 ;
South Eastern 03, 61 ; South Wales, 78, 80 ;
Buckinghamshire 88, 92 ; Hull and Selby 104, 103 ;
Eastern Counties, Ex, 5 per cent, (No. 1) 108, 115 ;
East Indian Gua, 5 per Cent. 100, 107 ; Geelong
and Melbourne Gun, 5 per cent. 191, 191 ; Grand
Trunk of Canada 39, 40 ; Great Indian Peninsula
Gua, 5 per Cent. 203, ; Great Western of Canada
Shares 181, 181 ; Madras Gus, 43 per Cent, 18, 20 ;
Seinde Gua, 5 per Cent. 13, 13 pm ; Eastern of
France 25, 251 ; Great Luxembourg, Constituted
Shares 54, Q-; Lombardo Venetian 34, 33 pm ;
Namur and Liege 7, 73 ; Northern of France, 941-,
Norwegian Trunk Preference 8,9; Paris, Lyons,
and Mediterranean Fusion Shares 331, 331; Paris
and Orleans 49, 51 ; Royal Danish 131, 153; 6arnbre
and Meuse 7, -8; West Flanders 41, 5 x d.
Respecting the movements in Mines, the Mining
Journal, of to-day, states :-

A good average amount of business has been transacted
in mining shares this week, and the tone of the market
seems to have improved. It is not to be wondered at that
the depreciation in dividend stocks should bring buyers
for investment into the market, though the greatest
demand is still for progressive mines, amongst which
Grenville mines have been most dealt in, and the price bast
s"pported. Fast Bassett shares have also been more in
request, at 92 to 94. Wheal Bassett, 140 to 145. South
Frances has not sampled any ores at all at this, the usual
time, and shares have been flat at 220 to 330. The New
South Bassett Mine is said to be lo_kirg better, and as any
discovery would cause a great rise in shares, there has been
a good demand at 4 to 5 per 512► h throughout the week,
the principal buyers being near the mines.
It was announced this afternoon that the highly
respectable firm of Messrs. Sewells and Neck, of
London, engaged in trading operations with the
North of Europe, had suspended payments, with
heavy liabilities.

A meeting of Messrs. Sanderson, Sandeman, and
Co.'s creditors will be held on Tuesday next
Messrs. Hoare, Buxton, and Co. have called a
meeting for Friday next, and those interested in
the estate of Messrs. Broad wood and Barclay are
called together on Thursday. These are all London
houses.

The Bank of France has just adopted another
measure of relaxation. For several days past the
bullion in the Bulk vaults has, been rapidly sr:cu-
mulating, and the telegraphic intelligence received
this afternoon announces a further decline of 1 per
cent. in the terms of discount, which now stands as
follows :

Bills of 30 clays
Bills of 60 days .. 7 per cent.
Bills, of 90 dayi
The imports of specie this week were about
£600,000, viz.—By the Rainbow, from Rotterdam,
1 barrel bullion; the Dolphin, from Antwerp, 34
bags bullion; the Morse, from Bremen, 3 sacks

bullion ; the Castor, from Hamburg, 1 cask gold
coin ; the Belgium, from Ostend, 2 barrels bullion ;
the Canada, from America, 101,704 dols, or 38,0001. ;
the Holland, from Ostend, 12 cases of bullion ;
the Orinoco, from the West Indies, &c., 1,468,108
dols, or 293,622/. ; the Emma Colvin, from Cape of
brood Hope, 1 case of specie ; the Elvo, from
Malaga and Corunna; 1 parcel 1 case specie; the
Adriatic, from America. 390,000 dols, or 78,0001.;
the Belgium, from Ostend, 1 barrel of bullion.

The exports have slightly exceeded the imports,
being about 650,0001; the Indus (s) for India and
China, with 408,9611, of which 6,900 was in gold,
and the rest silver, divided as follows :—Gold to
Bombay, 2,5001; Ceylon, 7501; Madras, 3,6501.
Silver to Bombay, 147,3431; Madras, 6,3501;
Calcutta, 198,0631; Singapore, 19,500; Hong Kong,
26,640; Manilla, 1,0001; Shanghae, 3,1651; the
Atrato (s) for the West Indies, &c., 3,7651.
The Official Return of the Exports of the Precious
Metals from the port of London, for the week
ending 27th November, show a total of 6,050 ozs.
of gold and 66,160 ozs. of silver.
There has been an increased demand for silver
this week, owing to the large amount sent away to
Hembree. It is stated that 160,0001. in this metal
has been thus disposed of, and further shipments
are expected. The amount brought by the Orinoco
from the West Indies has been mostly absorbed
for this purpose, and the price of bars has improved
to ss. 11cl. d. per oz. standard. Tho current quota-
tions in the Bullion Market are :—Bar gold, 775. 9d.
per oz. standard ; United States gold coin, 765: 21d.
per oz.; bar silver, 5s lid. to al. per oz. standard
(firm) ; Mexican and e•outh American dollars,
5s Ott per oz. ; five franc pieces, 4s. Hid. per oz.
A very large amount of gold is coming forward
from Australia, including the remittance by the
Essex, the £560,000 arrived at Suez per Turner,
and the Suffolk now en route with £452,000. Several
other vessels are in transitu with smaller supplies,
both from Victoria and New South Wales Besides
this source of supply, it is considered probable
that the steamers from America will henceforth
bring regular supplies.
The letters and papers by the Simla, from
Australia, have been delivered. Very favourable
reports were received from the mines, which were
yielding very largely. Trade was dull in Melbourne,
and the markets are generally overstocked, a cir-
cumstance that should net escape the attention of
shippers from this side, as a complaint is made of
the continuous arrival of goods.

The directors of the Port Philip and Colonial
Gold Mining Company have today received
advices from their resident director, dated Mel-
bourne, 14th October last. The operations at
Ciunes had been progressing satisfactorily .since
the last advices, The machinery had been kept
at work with but few interruptions. The quantity
of quartz crushed during September was 544
tons, and in the fortnight ending 10th October,
256 tons. The yield of gold was improving.
The new twelve-head battery of stamps was
nearly completed, and would be at work in the
course of a week. The second Chaim mill would
then be erected. Tho prospects at Ciunes were
considerai very good, the result of 1,950 tons of
quartz crushed showing an average yield of about
if z. per ton. The quantity of gold melted during
the month of September was 59,484 ounces. A
new melting house has been erected at the Assay
Office, and commenced working on the 9th Oct.
The company were quietly established at Ciunes,
and there was nothing likely for the future to
interrupt the works. _

The directors of the English and Australian
Copper Company have to-day received advices from
their mAnager, dated 7th October last. The carting
of both coal and ore had fairly commenced, under
very favourable auspices, and promised to be very
abundant. The cartage of the year ending the 30th
of Jane last had exceeded 25,000 tons. The com-
pany's wharf is now connected with Gawler (20
miles north of Adelaide) by rail, and the coal and
ore traffic was about to commence. About 2,000
tons of ore were in course of or ready for shipment.
The mob of horses had arrived from New gouth
Wales, and the mules ware engaged carting from
the Murray Srub, and were looking very well. The
works confirms in full operation, and labour was
generally more abundant.

In the London Produce Markets this week a large
business has been transacted, and a few of the
principal articles have bggq,_ jgteusi
the home trade, which caused an improveMent of
Is. per cwt , but the market closed yesterday after-
noon with rather less firmness. Coffee has been dull
and rather heavy. Cocoa is fiat, but owing to the
firmness of holders prices have been maintained.
Rice has been in requst, and at a rice of 61. tol.s. per
cwt. Tea is firmer, and Rum is at a slight advance,
Spices have been tolerably well maintained, but
business is quiet. Saltpetre is 33. to 4s. per cwt.
higher, and Tall,:w is steady.
The London Wool Sales terminated yesterday.
The quantity offered was '14,853 bales, the greater
part of which was Cape Wool. First-class Sydney
Wool experienced a very slight decline, but other
descriptions, compared with the closing rates of the
previous sales, exhibited a reduction of 21 to 3d
per lb. Cape descriptions suffered to a greater
extent, the average decline having been fully 3d to
4i per lb. Daring the sales a considerable quantity
was withdrawn.

Tra,le in the Woollen districts of Yorkshire has
been very dull. There was no improvement to
report in the warehouses, and the transactions
were generally of a very limited character. It was,
however, a very gratifying fact that, during the
late severe crisis, very few failures were reported
amongst the merchants and manufacturers of
Leeds. At Bradford, the Worsted Trade has been
in a very languid condition, the expectation that
the favourable news from the United States would
have improved trade having been quite nullified by
the disastrous advises from Hamburg. At Halifax
no change for the bettor can be reported in any
branch of the trade.

The following are the Gazette average prices
Muscovado Sugar, for the week ending Dec. 1
1857, exclusive of Custom's duties payable thereon
on the importation thereof into Great Britain :
From the West Indies, 255 12d per cwt.

INTERESTING SUBJECT FOR A Lite rum—That very
popular and talented lecturer, the Rev. J. B. Owen, of
London, is announced to give a lecture in the Collegiate
next Tuesday evening, the subject of which will be "The
faults of Thinkers, with sketches of Free Thinkers, Loose
Thinkers, Rapt Thinkers, Originals, and the Thoughtless,
who `think eo too.'" We aro sure from the well known
talents of the able lecturer, the subject will be one of
great interest and salutary instruction. Dr. Raffles is to
take the chair, which we are sure will add to the pleasure
of the evening
PASSE'G BR per the steam shin Aribia, from New York
to Liverpool.—Mr. John Llano, Mr. John J. Townsend,
Mr. James M`Nair, Mr. James Burns, Mr. C. P. Reynolds,
Mr. John Mahler, Mr. V. F. Alatorre, Mr. John A Sheap,
Mr. M. Knoedler, Mr. L. Feeneke, Mr. Otto Von Hein,
Mr. Thomas Russel, Mr. A. INl'Andrew, Mr. Teofilo Delima,
Mr. J. Rutherham, Jun., Mr. A. Levy, Mr. J. M. Castanos,
Mr. Schwatzer and nephew, M. J. W. Talbot, Mr. Thomas
Bensor, Mr. E. H. Gillilan, Mr. J. Cartwright, Mr. E. P.
White, Mrs. H. Winchester and maid, Mr. B. Whit-
worth, Mrs. Clifton, Dr. Robertson, Mr. H. Robertson,
Mr. C, M•Ewen, Mr. W. Roxburgh, and Mr. Atkins.
IRON SHIPBUILDING.—The loss of the Durham, belong-
ing to the North of Europe Steam•shipping Company, with
a cargo of palm oil from Africa, proves that there must
have been some defect in her construction. We have
alluded, on several occasions, to the disasters that have
previously occurred ; these could be obviated if precautions
were ta',en by the proprietors of vessels to obtain those
constructed on the most efficient mode by the best men.
Recent accounts from India have shown how much could
have been effected, and what calamity might have been
spared, if reinforcements could have been dispatched there
more expeditiously. The question of our maritime supe-
riority is one of vital importance, on it depends our power ;
we cannot remain idle, with the age we must progress ;
any inaction is nothing else but retrogression. The Board
of Trade should not certify, nor Lloyd's insure, vessels
which are unseaworthy; it is the laxity of supervision
which has offered a premium to so many unwholesome
speculations. This system ought no longer to exist; the
mechanical genius of the age, where it exists, ought to be
called into requisition ; we should, then, by having the
right man in the right place, be enabled to float vessels
which would not be a bye word and a reproach, but an
honour to the nation, and by so doing we should still
preserve our present pre-eminence over the nations of the :
world.— Mixing Journal, j I

TELEGRAPHIC NEWS.

AMERICA.

NEW ORLEANS, Nov. 24'
To-day the Cotton Market has been very irk'
gulag. The sales amounted to nearly 9,000 bale '
chiefly at 111 cents. for middling. _

Receipts Co hand yesterday, 21,000 bales.

Flour dull of sale.
Tho Sugar Market is quiet, at 410. to 5.1.
There is news from Vera Cruz to the 21et of
tb
November, and from the City of Mexico to the 18
of November.
The country was in a most distracted con
and and another genecal revolution was pending. la,
Negociations were pending between the re"
tionists and Santa Anna, whom, undoubtedly, the'
intend for President.
By the steamer bringing this news twenty-tbreet
political exiles have arrived, including ex-Preston
Silas Jose Washington, Colonel Ramero, and "-
Moran.
d
e
it
Comonfort's fall was considered certain, lif
was thought doubtful if his life would be spared
he remained in the country.