Northern Times.
Liverpool, Merseyside, England, 1857-08-06 00:00:00

MONETARY AND COMMERCIAL.

LIVBRPOOL, Wednesday Evening

A. moderate business continues to he transacted
in our Cotton Market at very firm prices The
sales to-day were about 5,000 bales, including
1,000 on speculation and for exportation.
The transactions in the Liverpool Share Market
were rather larger to-day, but prices were much
lower. The day's soles are reported as follows;—
'Caledonian, 384, 384; Eastern Counties, 111;
East Lancashire, £9 Shares, 4 p ; Great Western,
; Lancashire and Yorkshire, 1.004 a, 100, 94
4, I, ; London And North Western, 1024-, s ;
Manchester. She Heald, and Lincoln, 434; Midland,
'B3l, le 84 ; North British, 11 7-16; North Eastern,
234; North Staffordshire, 4 3-16 d; Dover, 224,
-4, 3, 5-16 ; Grand Trunk of Canada, 6 per Cents ,
872 ; Great Western of Canada, 21.1 ;
Manchester, Sheffield, and Lincoln, 6 per
Cent. Pref., 4p; Liverpool Borough Bank 9';
The following were the closing prices:—
Blackburn, 71;71; Chester and Birkenhead, 67. 674;
Caledonian, 38 11-16, S 8 13-1.6; Chester and Holy-
head, 18, 184 ; Eastern Counties, 11 -5-16. 11 7-16 ;
East Lancashire, 96, 963 ; Do. 91. shares, 4, 9-16 p ;
Great Northern, 24i, 241; Great Western, 611, 624.;
Lancashire end Yorkshire Stock, 9, 104; Do
91. shares,l p; Liverpool, Crosby, and Southport,
At, 19Z; London and North Western Stock, 102 t,
103; Manchester, Sheffield. and -Lineolnshire,
xd 431; Midland Stock, 81 811; North British,
11 7.16, 111 ; North St afferdshire, 44, x,l
44 d ; North Eastern—Berwiek, 233, :
lurk and North Midland, '3Bl, 383 ; Leed4
Capital Stock. 2e.2, 224; South Eastern end
Dover, 2'4. 22 '5-16 ; Scottish North Eastern, 124,
12;; Buffalo and Lake Huron, 44. 4 d ; Ditto New
Shares 4, 31 d ; Dutch Rhenish. 44, xd 4 d ;
Great Western of Canada, 211, g1_,,1; Ditto Neer
Share s, z gp ; Greet Luxembourg, 7, 71 ; Grand
Trunk (0 Canada, 13g. 131.
An active demand continues for money, and
riles of discount are very stringent. Since the
middle of last week to the present moment,- the
bill-brokers and others have been fully em-
ployed. The applications in all directions have
been numerous and urgent. The consequence
has been that first-class houses have paid, and
willingly, 51 per cent. for the negotiation of their
paper. This stringency was. foreseen, and it has
therefore caused no uneasiness, though doubts
are still entertained with regard to the probabld
effect of the specie drain to the Continent and the
East Indies. Our receipts from Mexico, America,
and Australia were absorbed by the transactions
in this metal. Silver is ordered abroad, and pay-
ment is made in gold. A short time ago the
Eastern demand diminished, and bullion accumu-
lated in the Bank ; but upon a revival of the
inquiry, a diminution has ensued. Recollecting
the restrictive policy forced upon the directors of
that establishment last autumn," by a similar
movement, many are now apprehensive lest
the terms of.discount should again be carried
to a higher point. Owing to the late
drain, and the demand for accommodation.
An impression exists in banking circles that an
advance of 4 per cent. will take place in the terms
of discount. On the Stock Exchange, however, it
is not thought that this step, at least for the pre-
sent, will be deemed necessary. The bills arc
stated to have been well met, and no failures of
importance have occurred. A small house at
Manchester have succumed,
any
generally the-
engagements have not led to serious embar-
rassments. The Market for English Securities
has exhibited a very depressed appearance to-day,
numerous sales having been effected by parties
anticipating a lower range of prices. The
failure of another jobber also assisted -in pre-
venting buoyancy, and altogether there appears
to be an expectation that unless the. capture
of Delhi is confirmed the retrogreseion will
continue. If, on the contrary, good news arrives
from the East, the speculators, including those who
are operating for a fall, are of opinion that a con,
siderable redound will take place, becauie the
prospects of the harvest are satisfactory, and the
country, both financially and commercially, con-
tinues in a favourable state. Tr -day the market
for the Public Funds and Securities was very
dull, and at one period of the day prices had
declined to 893, but they afterwards recovered,
and closed at the following rates :-004 to 904.

In the London Share- Market there was a
moderate business done, and the closing priees
were as follows :—C4ledonian, 774, 77k; Eastern
Counties, 111' 111 ; East Lancashire, 96, 97 ; Great
Northern, 973, 98; Do. A. , 91, 93; Great Western,
611, 611; Lancashire and Yorkshir:, 1001; Man-
chester, Sheffield. and Lincolnshire, 431; Midland
Stock, 841, 843; North British, 463; South Eastern
and Dover, 743 ; York, Newcastle, and Berwick,
943. 95f ; York and North Midland, 76k, 773.
The committee of Mexican Bondholders have
received the missing despatches from Mr. White-
head, which are dated Mexico, 2nd and 3rd July.
Mr. Whitehead reports an interview with the
Minister of Finance, his Excellency Senior Yiglc-
sias, who promised that on and after the Ist of July
payments should be resumed in all the custom
houses. In the meanwhile, the receipts by the
agents had only been about $1,300. From Mazalhan
.810 40 had been remitted by H M.S. Alarm, but
the money in the hands of the agents at Colima
had not been shipped yet, on account of the want
of a conducts. In Guaymas a forcible seizure, of
about $2,000, by the military commander of the
port, had taken place, which the G,)vernment had
promised immediately to restore. The country was
tranquil, but alarmed at the turn the Spanish
question was taking. D. Miguel Lerdo de Fejada
had publicly declined to appear as & candidate for
the presidency.

The General Produce Markets remain unchanged.
.The demand for the leading articles is moderate,
and prices. are eteady.
At the Corn Markets held to-day prices exhibited
a downward tendency.
We have advices from Bordeaux to the 3rd inst.
Omt . correspondent states—" The Cleator sailed for
Liverpool,l3lst July, with a cargo of new- flour
and grain, of this sects.m's crop; and letters from
Marseilles quote prices falling in all parts 'of
France. From the abundant and early harvest it is'
grinding into flour in all quarters. to realize the
high prices iu this country, and they are sure of
large supplies from Italy and the Black Sea—
Marseilles being the largest grainmarket in France
for import, as Liverpool is for I ancashire and York -
shire. The heat.of the weather is excessive. On

evening, of the 31st July so heavy a mist or
log came on that the lighthouse• could not be seen
off Marseilles, and vessels could not enter the port.
It is also described -at Cette and Montpellier
equally hot, and oppressive to a degree—our cor-
respondent gets daily intelligence from that
department•.- Talk of the Odium, or vine disease;
just like the cotton plant,!rs of South Carolina, to
deceive the public."

The rite of " continuatim," yesterday was rather
heavier, viz., per cent., or equal to about 6 per
rent. per aannum'This circumstance indicates
that the investmen!'s of the public. though stimu-
lated by the !ate fall, have as yet been too limited
to effect any. material . reduction of the surplus of
floating stock. A certain Prejudicial- influence is
also exercised upon the market by the apprehen-
sion of embarrassment amongst the members of
the Stock Exchange in connection with the
approaching Settlement. The depreciation esla-
blisl:ed in the Funds during the last month has
e 2 to the ‘scri.Ou's extent of about 3t per cent.,
arid the a..r.g•cgale operations have been of extra-
orainaiT magilitucle. So far, however, there has
been no difficulty of the slightest importance. One
"jobber" failed on Monday, and another yesterday,
lout in each ease the amount of actual liabilities is
inc,onsidertible.. _ _

Yesterday being the 4th of the month, business
in the diseL unt inarke.w,g remarkably active. The
i
engagements maturi.:g yesterday, which appear to
have been wall met, led to a brisk demand for
money, especially at the Bank of England, where
the apolicfttiOns are understood to have been heavy.
The sus:alzked dzmanci now witnessed, coupled
wi,h the unfavourable tendency of the bullion
-movement, has excited considerable discussion
relative to the prospects of the money market. Up
.to pc s'erday,here does not appear to be much ap-
prehension of an immediate rise in the Bank rate of

discount; and the large'arrivals of specie, including
342.000/ in Australian gold yesterday, will suffice to
meet the immediateTequirements of the bullioti dea-
lers-. The arrival of the steamer Great Britain,
which has now been 76 days at sea, or of other
vessels frcm Australia, would contribute materially
to allay anxiety. The pressure upon the Bank
last week, however, was doubtless considerable.
As previously stated, between 270.000. and 300,0001.
in gold is 'known to have been withdrawn for ex_
portation to the Continent, in payment for silver;
whilst the urgent demand for discount accommo-
dation must have caused a heavy decline in the
Bank's reserve of notes.

In the Stock Exchange yesterday the rate for
loans on government securities from day to day
was M. per cent.
G-reat anxiety was expressed tc-day for the
arrival of the telegraphic despatches in anticipation
of the overland Australian mail, which are now
hourly expected. It is surmised that later
tellig,ence from India may possibly be received by
this opportunity.
Of the large amount of specie brought by the
Arabia, from New York, about 200,0001., consisting
chiefly of American eagles, but partly of bar gold,
has reached London, and the whole has to-day
been purchased for exportation to the 'Continent,
principally in payment for silver, with the exception
of 15,0001. or 20,0001. which remains on sale.

The ship Swiftsure, from Melbourae, arrived off
the Start yesterday. This vessel has 65,538 ounces
of gold on freight, worth about 341,1)00/. As this
seasonable remittance will not be in hand for some
days, it is thought; that the Continental buyers,
who are merely for the moment satisfied, will
absorb the bulk, it not the whole, of it. The dates
by the Swiftsure have been anticipated.

The steamers Panther and Seine have arrived in
the`Thatnes from Boulogne, with sixty-iNkrp'hoxes
of silver, the estimated value of which is about
60,0001.

•
It appears that the steamer ScAamancler has not
brought the 40,5001 in, Australian gold which
reached sues per the steamer Shull, although she
has brought that vessera-mails. The amount of
specie referred to may not reach England fox; a
week or two.

The East India Company has fast given notice'
that they will receive tenders on the 7th instant for
the. conveyance of troops of her Majesty's service
fitroitt the United Kingdom to Calcutta, Madras,
ancl-Biimbay, on board screw steamers 1,000 tons
register and upwards, or by clipper sailing vessels
either of 800 tons register and upwards, 0.m., ,or
1,000 tons register and upwards, n.m. The troops
are to embark not later than the 18th instant. The
tender must express the rate required per head.for
the passage. diet, and accommodation of the men
for the whole voyage. •
A special general meeting of penprietors In the.
Australian Agricultural Company was held yester
day at their offices in Cannoa-street, when Mr.
Edward Hamilton was. unanimously erected gover-
nor of the company. • It was anntnneed that
despatches had been received froni the colonial,
superintendent to the 15th of May: • The coal
trade was remarkably brisk, and the price very
remunerative. A further remittance of 5,000/. had
also been received.

A special meetingof the Crystal Palace Ciimpany
is to be held on the 18th instant, for a variety of
purposes, including a proposed conversion of the
shares into stock. The meeting will also be rr=
quired to consider the report of the Shareholders'
Committee, dated the :30th July, and the recom•
mendation contained therein, which include the
conversion of shares into tickets of admission-. to
the Palace for life, or for a term of years, and the
opening of the gardens and grounds to share-
holders on Sunday afternoons.
The half-yearly meeting of the South Wales
• Railway Company is called for the 21st.

A meeting Of the General Iron Screw Collier
Company is called for the 10th instant, when it
will be proposed to confirrn a resolution relating to
the return of X 27,000, put of the capital, to the
shareholders. . - .7'. •