The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-26 00:00:00

THE NORTHERN TIMES.--LIVERPOOL, THURSDAY.

in the fiscal laws are most injurious, entailng, as they do,
loss upon the parties interested, whose calculations and
operations are based upon the faith of Acts of Parliament,
besides disturbing and deranging the position of the
articles affected ; already amendments have been proposed
to that part of the financial statement in reference to the
duties upon Tea and Sugar : but the first brought forward
in opposition to the 13u,iget, has been lost by a large
majority, it is probable the second, in regard to Tea and
Sugar, will be equally as unsuccessful, although some
modification may be adopted in committee. On Coffee the
duty is to be reduced from 4d to 3d per lb. There is no change
in the value of Money, and the market has been mostly
stringent throughout the month, accommodation, with rare
exceptions, having been obtained only at the full terms of
the Bank of England, by which dealings generally have
been regulated. The exportation of specie continues to a
large extent ; some timely arrivals, however, have slightly
increased the stock of bullion in the Bank, which at the
last returns amounted in both departments to 10,259,6601,
against 10,180,9841 at the same period last month, thus
obviating the necessity of a rise in the rate which was at
one time anticipated. _ _

The same authority makes the following remarks
with regard to the article of Wool :
There is no alteration to notice in the position of the
Wool Market during the past month. The stocks of all
descriptions are now very low. and since the public sales
no transactions of importance have taken place ; prices
remain firm and without change, and should the present,
consumption continue, former rates are likely to be main-
tained, and future arrivals of East India will meet with a
ready sale. The Public Sales of Wool in London commence
on the 26th inst.; the quantity of Colonial declared being
only about 30,000 bales, higher rates are looked for. The
India Wool is to be brought forward on the 10th
M irch, but the quantity will not exceed 2,000 bales. The
imports oC East India into this port for the past month are
1,6'.4 bales.

The half-yearly meeting of the Newry, Warren-
point, and Rosstrevor Railway Company, will be
held on Saturday at the Clarendon Rooms. The
report to be submitted to the shareholders will be
found in another column.

At the half-yearly meeting of the General Steam
Navigation Company, held yesterday, a dividend
at the rate of 10 per cent per annum was declared,
with a bonus of 2s 6d per share.
At the extraordinary meeting of the Namur and
Liege Railway Company, the convention with the
Belgian Government for taking the line with its
appendages and rolling stock off the hands of the
company, on lease for the whole term of 84 years,
at an annual net rental of 672,325 f, was ratified by
the shareholders.

The Indus will take out the India and China
mails from Southampton on the 4th of March. It
is believed that the shipments of silver by this
vessel will be very heavy.
The ship Earl of Eglinton has arrived off Torquay
from Foo chow-Foo, with 1,517,0001bs of tea on
freight.

The Paris advices state that the project for the
formation of an International Bank has virtually
received the sanction of the government.
The new loan for two millions sterling, raised by
the department of the Seine, and for which sub•
scriptions have recently been invited in Paris, has
been quickly subscribed for.
Advices just received from Berlin announce that
the firm of Mendelsohn and Co., who are agents to
the Russian Railway Scheme, had offered the stock
in that market at 6 prem , without finding buyers.
In French Railway circles, rumours of an ap-
proaching fusion of the Lyons and Mediterranean
Railway Companies continue to excite discussion.
It is also reported that the Graissessac and Beziers
Railway Company is forming satisfactory arrange-
ments with the proprietors of the mines in that
district.

The Dutch Rhenish Railway Company adver-
tise the payment, in due course, of the interest
coupons of their loan of 2,400,000 florins.

•
The meeting of the Southampton Dock Com-
pany was held to day, at which a dividend at
the rate of 4 per cent per annum was declared.
The gross earnings of the year had exceeded
1855 by 1,7371 183 11d. The dividend at
the Submarine Telegraph Company, to-day,
was at the rate of 7 per cent per an-
num, taken from a surplus profit of the half
year of 2,9761. 7s 2d. The North Devon Railway
Company, at which a dividend of 11 per cent. per
annum on the ordinary stock, 24- per cent on B
stock, and N. per cent. on Preference Stock Shares,
were declared. The traffic was increasing satis
factorily.
The annual meeting of the English, Scottish, and
Australian Bank was also held to day ; C. John-
ston, Esq., in the chair. The meeting was on
the whole favourable, and showed a net divisible
balance of 17,9351. Bs. Bd., from which a dividend
at the rate of 5 per cent. per annum was made ;
1,4401. taken to preliminary expenses, and 4,016/.
carried to the reserve fund. The dividend would
take 12,500/. off the amount. A short discussion
ensued when the dividend and report were agreed
to unanimously.
This afternoon a meeting of the shareholders of
the Submarine Telegraph Company was held at
the London Tavern, Sir James Carmichael, Bart.,
in the chair. The report observed that the antici-
pated increase in the revenue of the company had
been arrested by the unforseen decay of the
underground wires which connect the sub-
marine cables with London. The British Tele-
graph Company immediately voted a large sum of
money for the complete re-insulation and renewal
of the whole line, and at the present moment
the principal portion of this work has been com-
pleted, and the wires uniting London with Paris and
Brussels are now in perfect working order. The
accident to the submarine cables, which for a time
suspended the telegraphic communication across
the Channel, can scarcely be considered as a
rpisfortune, as it has proved the great strength
and endurance of these cables. It has also
shewn the ease and rapidity with which
any injury to submarine wires in moderate
depths can be repaired, even during the
most unfavourable season of the year, and
has thus afforded an additional guarantee to the
shareholders of the stability and permanent value
of their property. The concession of a line to
Hanover and North of Europe will be made the
subject of the consideration of a special general
meeting. After the deduction of the working
expenses and ,10 per cent of the net profits
for the reserve fund, the accounts show a
balance of 2,976/ 7s 2d, out of which the directors
recommend the payment of a dividend at the rate
of 7 per cent per annum, leaving 263/ 17s 2d to
be carried to the credit of the current half year.
An arrangement for a complete amalgamation has
lately been effected between the British and Mag
netic Telegraph Companies, by which arrangement
all the messages of the Magnetic Company, in
addition to those of the pritielt, will pass through
the submarine cableS either vitt Calais or Ostend.
The Chairman congratulated the shareholders on
the improving position and prospects of their
property, and after a short discussion the report
was adopted.
The Trade and Navigation returns for January
last were issued this morning. They IQ, till show a
prosperous commerce. The total declared value
of our exports during the month amounted to
3,058,1051., exceeding by considerably upwards of
a million the exports of January, 1856. The
increase is shared in by all the great staple
products, but only slightly by Linen and Cotton
manufactures.

PIRACY ON THE CHINA SEAS.—The United States Gov-
ernment is about to fit out a ship for the purpose of extir-
pating piracy in the shallow seas and creeks of China. A
grant of 10,000 dollars is also asked for, to cultivate
friendly relations with the natives of the islands of the
Indian Archipelago,
AN INGENIOUS ROGUII.—A few days since a well dressed
gentlemanly looking man, leading a beautiful boy some five
years of age, entered a jeweller's shop on Broadway, New
York, and asked the price of a handsome gold bracelet; it
was 125 dole. The gentleman examined, admired, and
finally bought the article and put it in his pocket. He
then took out a large purse full of shining pieces, and
opened it. At that moment he s:lddenly exclaimed, Why
where is Charley ?" and dashing the plump pieces on the
counter, he rushed from the store, in frantic search of his
boy, who had disappeared. The clerk awaited the gentle-
man's return for some time, with his purse lying where he
had cast it down, in his excitement. No fear of trickery
was entertained, as the purse evidently contained money
amounting to twice the value of the bracelet. But when
hour after hour passed without the gentleman's return, and
it was found that the purse only contained brass medals,
the size of half eagles, the clerk and his master both
came to the conclusion that their customer was a slippery
one, and that his innocent looking boy was not being
brought up in the way he should go.

Contnterctal Intelligence.

LIVERPOOL COTTON M ARK ET.-FEB. 25.

The cotton market to-day has again been quiet, the
demand has been general, but limited in quantity, and with
an average supply, prices are about l-16d per lb below the
currency of Friday last. The sales—including 700 Per-
nambucos 81d, 80 Midas 81d to 831, 10 Marauhams Sid,
100 Egyptians 9.1 to 10d. and 500 Surats 5,1 d to 6sd—are
reported 6,000 bales, of which 1,500 are on speculation and
for export.

Wheat
Barley
Oats
Malt

English and Scotch
750
210
1120
780

....
2300 2350
170
1260

Flour, 4,610 barrels, - sacks.

LONDON MINING MARKET.-FEB. 25

A fair amount of business continues to be done in home
mining stocks, although the general appearance of the
market is rather quiet. North Frances shares were
weaker to-day, but prices of other stocks continue fairly
supported.
The following transactions have taken plac3 in the
Stock Exchange, in addition to those recorded in the
official list :—Vale Towey, 17s 6d ; Wheal Agar, 3 ; Wheal
Harriet, 22s 6d ; Port Philip, ss, 5s 61 ; San Fernando,
4s, 4s 6d. _ _

St. John del Rey and Cobre shares, were both quoted
better, Great Wheal Alfred shares are rather flat, but
with this exception prices remain well supported. The
transactions recorded in the Stock Exchange this morning
comprise Par Consols at 23i; South Caradon, at 340;
Vale of Towey, at ; and Wheal Edward, at 4i and 4L
Foreign mining shares present uo new feature.