The Northern Daily Times.
Liverpool, Merseyside, England, 1857-03-19 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Wednesday Evening.
The sales of Cotton to-day were 6000 bales, in-
cluding 500 on speculation and for e4Ort. The
Market was very steady at unchanged prices.
We have to notice some unsteadiness in the
price of Railway Shares at our Market to-day.
Lancashire and Yorkshire Stock fluctuated very
much, and dosed rather firm. The transactions
were-Caledonian, 341 ; Eastern Counties, 101;
East Lancashire, 287-, ; Lancashire and Yorkshire,
94 1, • 1, k, 9, ; Liverpool,
Crosby, and Southport 91. shares, 13-16, N p ;
London and North Western, 103*, 4,4, 3 ;
Manchester, Sheffield, and Lincoln, 368 87 ; 4,
4, , 5.16, 2-; -Midland, 804, 818, 804, 81k ; Dovers,
224, 22, 224, 4 ; Whitehaven and Furness, 7 ;
Manchester, Sheffield, and Lincoln, 101. shares,
129 ; St. Helen's Canal and Railway, B shares, 103 ;
Dutch Rhenish, e p Grand Trunk of Canada,
131, 131- ; Bank of Liverpool, 24. The market closed
more buoyantly, and at better prices, viz :-Black-
burn, 84, 8k; Cll',,:ster and 13irkenhea.d, 66, xd, 604;
Caledonian,l4l. xd & n, 344 ; Chester and Holyhead,
184, 19 ; Eastern Counties, 10 11-16, xd, 10 13-16;
E:1-,3"6 Lancashire 06, xd &n, 964 ; Great Northern,
231, 24 ; do.:_ shares, 10k ; Great Western, 671,
671 ; Lancashire and Yorkshire Stock, 69, xd & n,
991; Liverpool, Crosby, and Southport, 184 xd, 19 ;
ditto 9/. shares, 4. 8 p LOndon and North Western
Stobk, 1041, 101: ditto 1 shares, 3-16, id ; Man-
chester, Sheffield, and Lincoln, 374, 37g ; Midland
Stock, 811, xd & n, 811; North British; 11Z, xd, 114;
North SLaffordshire, 5, 44:1 ; South Eastern and
Dover, 22 3-16, Xd, 221 ; Scottish North Eastern,
13k, 144 ; North Eastern-Berwick, 211, 214; York
and North Midland, 304, 314; Leeds capital Stock,
194, 20 ; Buffalo and Lake Huron, 14, 14 p;
Dutch Rhenish, 4,4 p; Great Western of Canada,
264, 261 ; do. New Shares, 3 7-16, 84p ; Great
Luxembourg, 104, 101-d ; Grand Trunk of Canada,
134,_132-.

We have no change for the better to notice in
the condition of the Money Market; There iS Mill
a considerable demand for discount accommoda-
tion, and in consequence of the unabated pressure,
and continuous enquiry for gold for transmission
to the Continent, fears are expressed relative to
the future progress of the Money Market. Dis-
cussion has been entered into with reference to the
probability of the Bank Directors being again
compelled to place restrictiona on long dated
bills, so as, if possible, to impede the operations
of those engaged in the purchase of silver, and
thus prevent the depletion of the Threadneedle-
street vaults. With the exception of that por-
tion of the late remittances from Australia
consisting of sovereigns, the entire amount has
been sent away, and this has not prevented the
withdrawal of gold from the National Establish-
ment. During the last two or three days, the
bullion must have been reduced very materially ;
and judging from present indications, there is no
immediate prospect of this efflux sustaining any
check. The silver market is exceedingly grin, and
it is stated that orders for a considerable supply
of that metal have been forwarded to the
Continent. Certainly the present state of things is
very anomalous, and it is impossible to forteil what
course the Money Market Will take during the
next few weeks. A short time ago the impression
became general that a steady return to ease would
be apparent, but now, instead of a reduced
minimum being the theme of conversation,
speculation is rife with regard to the probability
of increased stringency and inconvenience.
In the Market for the Public Funds and Securi-
ties to-day, there was a steady business done, and
Consols for both Money and the Account closed
very firmly, the former at 931, and the latter 933
to 931. Exchequer Bills were dealt in at 1 dis-
count to 4 pm.
But few transactions took place in the London
Railway Share Market to-day, but, generally,
prices were steadily maintained The closing
quotations were as follows t -Amber/ate, Notting-
ham, and East Junction, it, 4i; Caledonian, 681,
68/; Edinbtirgh and Glasgow, 561, 574; Eastern
Counties, 104, 108; East Lancashire, 91$, 97 ;
Great Northern 94k, 95,1; Ditto A., 86. 88 ; Great
Western, 671 671; Lancashire and Yorkshire, 991,
991; Leeds Northern, 391, 40 ; London and North
Western,lo4l, 1041 ; London and S,itith Western,
104+, 10411; Manchester, Slif.fa.Ad, and Lincolnshire,
371, 371; Midland Stock, 81+, 814; North British,
454, 46 ; South Eastern and Dover, 733, 741; York,
Newcastle, and Berwick, 841, 85; York and North
Midland, 62, 621 ; Chester and Holyhead, 37,
38 ; Grand Trunk, 133, 132 ; • Great Western of
Canada, 261, ; Do. New, 33, ; Great
Southern and Western, 104, 106 ex div; Mexi-
cans, 24 241 ; Northern of France, 39 ;
Western of France, 33, 34; Central of France, 4,
41; Paris and Strasburg, 34+; Paris and Lyons,
601 ; Russian, 107, 109 ; Scottish North Eastern
Aberdeen, 274, 28; Paris and Orleans, 59 ; Geneva,
314, 32 ; Ardennes, 3,4; Beziers, 31, 41 ; Sambre
and Meuse, 101; Namur and Liege, 81, 9 ; Great
Luxembourg, 61, 61; Antwerp and Rotterdam, 61,
; Lombardo Venetian, 61; Dutch Rhenish, 131, 133.
After official hours the business done was at the
following prices :-Caledonian, 681, 681 ; Eastern
Counties, 10 11-16, 10 13-16; East Lancashire, 96,97;
GreatfNorthern, 95, 96 ; Great Northern A, 86, 87 ;
Great/Western, 671, 671 ; Lancashire and Yorkshire,
991, 991; London and North Western, 1043,
1042; Manchester, Sheffield, and Lincolnshire,
37+, 37 ; Midland Stock, 811 81*; North British,
451, 46 ; South Eastern and Dover, 741 ; York,
Newcastle, and Berwick, 811, 851; York and North
Midland, 62, 621.
The traffic returns of the Grand Trunk Railway
of Canada for tho week ending February 14,
amounted to 7,518/. 13s 6d, being an increase of
3,7381. 19s 71d on those of the corresponding week
last year.
The traffic receipts for the Great Western
way of Canada for the week ending February 27,
amounted to 9,984/. 9s 9d, being 7101. 18s ld less
than those in the corresponding week of 1856.
The London Wool sales have closed very
steadily, but the highest rates attained at their
commencement were not supported throughout.
About 49,172 bales have been sold, and the at-
tendance of buyers has been excellent.

The Committee of Mexican Bondholders have
advices from Mr. Whitehead, dated Mexico, 9th ult.
The terms of the treaty between Mexico and the
United States, for a loan by the latter to the former
of 15,000,000 dols., at 4 per cent. interest were
not public yet, but it was said that 13 or 14 per
cant. of the import duties had been assigned for the
payment of the interest, and that the tonnage
dues on American shipping were to be reduced 20
per cent. From the loan it was also said, 3,000,000
dols. were to be deducted for American claims,
and 4 000,000 dols. were to go to pay off the
British convention creditors, which would leave
8,000,000 dols. at the disposal of the Mexican
Government. The state of the Republic, as re-
gards her domestic politics, was improving.
General Parrodi had completely defeated and
scattered the insurgents at Queretaro, and
taken their chiefs prisoners. Tampico, also, had,
at length, submitted to the Government, and the
last news from all other parts of the country was
satisfactory.
We are favoured with a copy of Messrs Mohr,
Brothers' Circular, dated Akyab, 28th January.
From it we make the following extracts :
Scarcely any Rice has been offered for sale since our
last advices of 12th instant. The natives appear determined
not to sell, unless at mnch higher rates than those ruling at
present : the crops, the Laroong as well as the Nakrensee,
are secured, but unhusking the Paddy has been almost
entirely stopped. It is doubtful whether the falling due of
the land tax will have the desired effect of obliging the
native's, to realise part of their produce. Should the
natives, induced by higher rates or other causes, become
inclined to sell, we shall not feel the effect in our
market for some weeks after, as the process of
unhusking and bringing the Rice from the interior occupies
some weeks; under favourabh circumstances, therefore, we
cannot even expect any considerable supplies until the latter
part of February. The Wizard has been on demurrage
for some time, and the lay days of several other vessels have
nearly run off. This induced the respective consignees to
make advances without fixing any prices at which the Rice
is to be delivered, which of course can have no other effect
but to raise prices, whilst it is very uncertain whether they
will succeed in drawing larger supplies from the interior.
The quantity of Rice bought since the 12th inst., we
estimate at about 400 tons in all, partly old and

partly new, ranging from it 36 to R 42. 15,975 tons
register shipping have arrived since the beginning
of the season, against 35.725 tons during the same
period last year t not a single cargo has lett our port as
yet, whilst 11,l 61 tons were exported last year up to 31st
January. Under the meat favourable circumstances, we
do ndt think hioie than about 18,000 tons can be exported
during February, whilst 48,000 tons were exported last
season up to the end of the same month, so that. by the end
of next month our exports will show a falling, off of about
30,000 tons, as compared with last season: Still, our crops
have been as abundant and as rich as last year ; and the
question may be raised, what is to become of the immense
stocks which will accumulate in the latter part of the
season ? Will the natives keep their produce through the
rains, and run the risk of seeing it rot, or if it should keep,
of not being able to find buyers for the same when the
next season and a now crop approaches, or do they intend
to realise before the rains set in, in March, April, and May.
Ire the latter gent, we may yet see prices ruling extremely
low at the end of this season.
The Colingsburgh has arrived off St. Albans
with 318,7001bs of tea, and 2,126 bales of silk on
freight.
Parties having correspondents at the Cape ex-
press dissatisfaction at the remissness of the
Post Office authorities in not issuing notice that
mails will be taken out by some of the numerous I
steamers Which are now under orders for the
conveyance of troops and stores to China. It is
assumed that these vessels will call at the Cape
for supplies.
Nut-no-011a companies hate lately been pro,
ieeted for the construction Of railways in India.
The prospectus of the North of India Tramroad
Company is now issued. The object of this
company is to form a cheaper medium of commu-
nication than can he attained by means of railways.
The view of the promoters is that, whilst the main
or trunk lines must consist of railways, tram-
roads may be of great value for the accommo-
dation of of the traffic of districts which, though
both fertile and populous, do not yet need worka
of greater cost. In the terms of the prospectus,
the company is formed " for introducing a
cheap system of communication throughout the
province of Rohilcund and adjacent territory, con-
necting the Ganges with the Indus, and also with
the iron districts of Kumaon and Gurhwal,
via Futteyghur, Shah jehan poor, Bin eilly, Ram-
poor, Moradabad, Meerut, Seharunpoor, Umballah,
Loodheana, and rmritsir." To a certain extent,
the project may be regarded as an extension of
the lines of the Sciticle and Puejaub Railway
Companies. It is estimated that the maximum cost
will be 5,0001 per mile, and that a great portion of
the lines can be made for half that amount. The
million forming the capital of the company is thus
to suffice for the first section of 250 miles, from
Futteyghur to Delhi. It is proposed to employ, in
the first instance, animal power, and it is intimated
that 80 miles a day can be accomplished by this in•
expensive means of traction. The shares are of 9.0/
each, but only a deposit of 2s per share is to be
paid, until the East India Corripany shall have
sanctioned the project and granted a guarantee
The chairman is Mr. W. P. Andrew (chairman of
the Schide, Punjaub, and Euphrates Valley Rail-
way Companies) ; the deputy chairman, Sir Her-
bert Maddock; and the other directors are highly
respectable.
• _

BUGS.—One of the greatest domestic nuisances, especially
in the spring and summer of the year, is -the prevalence of
bugs. Many means have been tried to prevent or extermi-
nate them, but all hitherto ineffectually. Cleanliness may
check but cannot eradicate them. Mr. R. Greer, late one
of the Liverpool sanitary eflicials, after intense study End
deep research with many practical emperirneitts, in the usual
pursuit of his official avocation, has at length discovered the
great desideratum, " Gieer's Patent Anti Bug Lotion," is
an unfailing exterminator of bugs, fleas, &c. It is clean,
simple in application, agreeable in smell, and perfectly
innoxions save to insects. To be had at the Anti Vermin
Office, 49, Brownlow hill, Liverpool, in bottles at Is,
and 4s each,—Advt.
FOLEt'S AMERICAN GOLD PENS.--Charles Willtner
wholesale and retail stationer, 19, South John. street
respectfully intimates to merchants, traders, and dealers,
that he has been appointed sole agent for the sale of Foley's
celebrated American Gold Pens, which are universally
acknowledged to be far superior to any other manufactured
either in America or this country, They are sold cheaper,
are made of the best gold, with superior points, and are
warranted to wear at least ten years. In America they
have been extensively used for that paliod, and are pre
(erred to new ones. The prices range from Eve shillings to
a guinea each. Supplied wholesale by Charles Willmer,
19. South John-street. Liverpool.—Advt.

Tux CALIFORNIAN PEN.—The everlasting question of
" is this a good pen" has been answered by Mr. E. T. Hall
of South John street, who has succeeded in producin•T a
metallic pen, which he designates—not inaptly—as above.
There is hardly anything more annoying than a bad pen—
every one knows the misery. The pen made by Mr. Hall is
fit for any hand to use—light or heavy—and, what is of the
greatest value, it does not corrode, but will work with equal
facility in any ink. From experience of metallic pens, we
can say that this one, which is polished as gold, and will
last nearly as long, is the best one we have evAi used. One
box, containing six dozen pens, sent free on receipt of 2s 6d
in postage stamps. Agents wanted for the country.—
Advt. _

of THE OLD LADY'S VERY LAST.—" The poppy is the grape
India."—.Eaaminer of Saturday in article defending the
opium traffic.

AN INDEPENDENT MINISTER GIVING LORD PALMERSTON
A CHARACTER —The Rev. D. E. Ford, an independent
minister, residing at Salford, delivered the following
election speech at Salford on Monday last :—" I have had
very little to do with politics, but I conceive that the policy
pursued by Mr. Cobden is calculated to ruin the country.
(Bravo.) I have known Lord Palmerston personally for
twenty-five years, and I must say I do not know a more
honest man. (Hear, and hisses.)
RELIC or BURNS.—We have been shown a very
interesting relic of the Ayrshire bard, namely, the very
watch which occupied his fob when following the plough
over the bleak farrows of Mossgeil. It is a curious
little piece—quaint, homely, and old fashioned—and of
no great value apart from its association with the
memory of the poet. The possessor of the watch is Mr.
James Paterson, residing in Queen street, Glasgow.
This individual has inherited it as an heir-loom from
his grandfather, who was no less distinguished an
individual than James Humphrey, who figures in the
wicked verses of the poet as a " noisy polemic," and eke
as " the bletherin' bitch,"—two characteristics of which
honest James was latterly rather vain. The watch was
obtained by Mr. Humphrey in exchange for another, one
evening after a masonic meeting, at Mauchline. From the
papers inside the case, it would appear that the watch was
successively cleaned or repaired at Tarbolton, Catrine, and
Mauchline.
A society of noblemen and gentlemen have established a
fund, to which they have given the name of the " Welling-
ton Emigration Fund," from the fact that the present Duke
of Wellington heads the subscription list with a donation of
£l,OOO. Messrs. Labeuchere, Sidney Herbert, and Thomas
Baring, the Lord Mayor, Lnrd Stanley, &c., take an active
share in the proceedings of the association. The committee is
formed with a view of endeavouring to relieve, by emigra-
tion, the distress existing among the labouring classes in
the metropolis. The emigration wilt be principally directed
to those colonies which contribute towards the fund, and
subscribers may specify the particular colony to which their
contributions are to be applied. Regulations will be made
by the committee on the one hand, and Lord Goderich,
M.P., Rev. F. D. Maurice, Mr. Neale Porter, and others
kindly acting on behalf of the working men, for the selec-
tion of emigrants. Facilities will be afforded to the emi-
grants repaying in the colony the sum aavanced, so soon as
their improved circumstances may enable them to de so. It
is proposed, when the temporary pressure, caused by the
glut in the lebour market shall have subsided, to apply the
balance to promoting female emigration.
REINFORCEMENTS FOR CHINA FROM CEYLON,— We
extract the following from the Colombo Observer regarding
the requisition of troops from Ceylon for service in China :
_" A report is current, which, however, we cannot trace
to any certain source, that a despatch went to the Gover-
nor last night, asking if troops from Ceylon e ,nl3
be spared far China. We hope when the demand is
made that the answer will be in the affirmative.
We are 'aware eeat the military authorities wiil have
many and cogent obi ,cLions to offer. There are so
many detachments here and there that the duties
fall heavily on the troops ; and then the pearl fishery
is just coming on.
detachments Fiftynd men of the 3would be c7th would
alled in be suffi•.
cient for the fishery, a
We have now a large and well organized police force—we
have the Pioneers ; and as for the Kandians, even if any
further rising were possible, the planters and their coolies
can more than deal with them. The case is one of
extremity, and ought to be so dealt with. Ofie half of the
Ceylon Mlles ought to be sent, Look at. the example of
Singapore. With a fiery population and disturbances only
justdes quelled, the Governor has not to run the risk
of patching the majority of the forcehesitated at his disposal."
—.Bombay Times.

RRESPON DENCE.—A superior
Lot of FOREIGN POST PAPER, on SALE, at
7s. 6d. per Ream, or Three Reams for 215., Cash, at CHARLES
WlLLmitlt'S Wholesale Paper Warehouse, 19, South John-street.

BOYS' CLOTHING MADE WITH GREAT TASTE,
At LEWIS & COMPANY'S, Ranelagh street.

MUSIC FOR THE MILLION-
To learn sweet music, you only need go
To Seventy-nine Dale-street, where you will finu
A master of talent, whose genius doth show
In playing the Accordeon, to strengthen the mind.
The Fluting, as graceful, is taught with success.
Whose soft thrilling notes are delightful to hear;
While the chaste Concertina doth tragic express.
To gladden the heart when rude sorrow is near.,,
The name is GEORGE JORDAN. whose fame is well known
The Cornopean, Saxhorn, and Flute he repairs ; .
Thus, Musical Instruments, when old they are grown,
He manages neatly to fanciful airs.
He deals in Accordeons and Flutinas too,' .144
And Concertinas unrivalled for sweetness of tone
Now, Ladies and Gentlemen, he promises you
To teach you those instruments sweetly, you'll own.
THE ART OF PLAYING on the Accordeon, Flatina, or Concer-
tina taught in a superior style. in a few easy Lessons, for Ten Shillings.
Accordeons, Flutinas, Concertinas, Music Boxes, Cornopeans, Sax-
horns, Trombones, Clarionets, Flutes, Violins, and every other
article in the Musical line of the beat make, cheaper than any other
establishment. List of Prices sent on application by post. Every
description of Musical Instruments tuned, repaired, or taken in
exchange at
GEORGE JORDAN'S
MUSICAL WAREHOUSE, 79, DALE STiREE.T
(Opposite Sir Thomas's buildings, Liverpool.)