Northern Times.
Liverpool, Merseyside, England, 1857-11-14 00:00:00

THE CHEAPEST HOUSE IN LIVERPOOL.

FOR MILL!' QOOO
WATCHZS AND CLOCKS, GOLD CHAINS.
WEDD NO RINGS, &c., (to.
•••!•
EDWARD EUSTANCE,

PATENT LEVER WATCH AND CLOCK MANUFACTURER

_
AND JEWELLER,
No. 4, Corner of MANCHESTER-STRET, DALE-STREET',
LIVERPOOL.

REPAIRS EXECUTED with shill and despatch, charps lai?Aetlga,

MONETAEY AND COMMERCIAL.

LIVERPOOL, Friday Evening.

Commercial matters were in a much more satis-
factory state to-day—in fact, a degree of buoyancy
was eshibited in the lending business -trades—
Cotton, Produce, Sze,•&;',, and.the prices obtained
were much greater than those which were current
yesterde.y. The SuspensiOn of tlie Bank Act has
restored confidence, and .all' parries concur in the
sentiment, that if such had been done three weeks
age, we would not halio beard of one tithe of the
commercial calamities which we have, from time
to time, been called upon to ehroniale. Yet, confi-
dence is not 'quiite restored, but we hone in a few
days to be able to announce such a desirable state
of affairs. That the panic has been most severe,
the following list of the failures that have occurred
during the crisis, Will sufficiently prove, -viz.:—
J. Monteith and Co. _General Merchants .'Glasgow
to. and J. Macdonald G treral Merchants Glasgow
Wallace and Co General 111.erchatits • .Glasgow
& Co. „Canadian Merchar ts..l,ondon
:Aft:leek ATt'Kenow
VT. B. West ,, .Mancheste:.

Searratt and Partington . London
linen, McLean, and'Co. , ._,Glasgow
Auld and Buchanan , ..
Borougls Bank .... „.,
W. and H. Brand and Co. ~ „ ..„.. London
Thornton, Hu..zgins, and Co. „, Manchester
Charles Smi.li and Co.. _ Manchester
'James Condie, ...... ......., .. Perth
John S. De Wolf and Co. „. .
0-1111 read Davies
'R. Morrow, Son, and Gar-butt ... .
-John Holy and.rio.... , .. . London
John Jailray and Co. . „ , . London
R Wilsor, rianett, and Co. .. . Liverpool
A. Hill and'Co. ... London
Andrew Stewart, and. Ca.; --... • Greenock
'Towles Brothers, and 0o
Liverpool
Naylor, Viciters, and Co ..'.. .... ', . .. and
Sheifiald
, Liverpool
( London,
1 1- iverpool,
Glasgow, &c.
Western Bank . Glasgow ,
Bennoch, Twentyman, and Rig; London
Broadway and Barclay . London
Hoge and Willismnson
B. T. Babcock, and C0.... ~. ... .. , .... ..Liverpool, &c
H. Durih,l, and Co
James Foot, and Sons . London
Sanderson, Seadiman, and Co . T ondon
City Bank
Wilson, Morgssn, and Co London
Fitch and Skeet . .-. . London
J. B. Coddington, and Co
M'lCe: zie, Ramsay, and Co_
G. Warburton, 7nd J. Ormisher .. Manchester
S. Bayley and T. Russell
S. T. -S•sphens . ..
Hugh Ferzn,on
I. and -J. Beard
Edmund Whitehead
G. Lawrence
I. I. Robinson and Co.
I. Howell and El )ns
A. E. Byrne and Co. Liverpool
GorlfreylP'attison and 0,-. Glasgow, &c.
W. and 1. Summerskill
J. Miller and Co
Dawson, Hancock, and Co ~...,, .. London
Henry-R. -Hoskins ... .....
Dongl,s and Wescott
E. and I. Wilson
Bowman, Gri:mll. and Co. . Liverpool
Jacot, Taylor and Tipper . Liverpool
Denny Brothers (Wm. Danny) .—........— Dambarton
Total 6O
A meeting of the creditors of Messrs: Wilson,
Hallet,a Co., took place to-dayat the office of Messrs.
Duncan, Squarey, and Blackmon. Statements of
the liabilities and assets of the firm proposed by
Mr. Beloe, the accountant, wero read to the meet-
ing, from which it appeared that a considerable_
surplus would remain after liquidating all liabilities.
and that the capital of the concern, nearly
£200,000, was supposed to be intact. Eventually
a resolution was unanimously_ passed _that . the
estate be realized under the inspection of Wm.
Daglish, Eeq., and Mr. Beloe.
To-day there was more cheerfulness in the
Cotten Market, and with sales estimated at 6000

William 'Orr, and C 0........

Dennistann, and Cc:

bales, 2000 for speculation and export, prices have

recovered id. to ld. per lb., with diminished offer-
ings, and DI-ices closing with an upward tendency.
Messrs. Wright (jun.) & Co., in their circular of
this evening, say:—
Great as was the depression in our Produce Markets, at
the close of the last week, it has been succeeded by an
amount of •gloom scarcely ever witnessed in the annals of
trade. Shortly after the departure of the Niagara one cf
our largest houses in the American trade suspended pay-
ment. Mercantile disasters of magnitude have followed ;
several banking institutions have been compelled to close
their doors, and the commercial community have to
struggle with increased stringencyin money matters by the
Bank of England having raised the interest rate to 10 per
cent. The serious decline in the value of all commodities,
and the difficulty of meeting maturing engagements, by the
almost impossibility of real;zing produce in sufficient
quantity,,coupled with the mistrust such a state of affairs
naturally creates, is proitntive of the most evil conse-
quences, and daily adds to the number of disasters
Notwithstanding the check given to the exports of specie,
the more hopeful accounts from America, and encouraging
advices from the East, Cotton has been forced off at almoss
any price, and a redaction of I,;d. to 2d. per lb. on last
Friday's quotationewas submitted to, in order to make sales ;
indeed, it is impossible to convey any accurate ides of the
feeling that prevailed, otherwise than by saying there was
no market until the announcement, yesterday afternoon,
of the suspension of the Bank Act, which imparted quite
a different tone, and has inspired hopeful anticipations.
-The total Sales of the week amount to 10,930 bales, of
-which 6,830 are American. Speculators have taken 1,600,
and Exporters 310, leaving 9,020 bales of all kinds to the
Trade. The Import for same time is 14,002 bales, of which
11,012 are American. The quantity known to be at sea
from American ports is about 26,000.

PRICES TO DAY.

New Orleans Fair bliddl,ng.. ad Ordinary.. to aid
Mobile „ —7ll „ 7ad „ ..4t to 6id
.Atlant;c „ 7d , 40 to 6d
Total talon for Cons'ption,lBs7, 1,726,510 bales. 1856, 1,895,480 bales.
Export (actual) , 235,903 „ „ 240.017 „
' Amalgam Brazil Egyptian E. India ['.lndia Total
Stock this day.. 162,860 23,740 9,ico 128,210 1,120 325 090
Sams time 1856._81,010 39,560 41,850 24,890 1,590 3,6,900

Messrs. Kershaw and Jardine, in their circular
of this evening make the following remarks upon
the movements of the Trade during the week :-
The past week has been one of unprecedented panic, fear
and alarm have been its prevailing features, producing a
;general distrust and almost a total cessation of business ;
in our Mark"t the transactions have been entirely confined
-to the immediate requirements of the Trade, and Buyers
with cash have been able to dictate the terms. Sales
during the week have been effected at a reduction from the
highest point of nearly 3d per lb in American, 2d to 2id
in Sara; and about 3d in Fgyptian, Brazil, and Sea
Islands. The news which arrived yesterday afternoon of
:the anspensionof the Bank Aet of 1844, was received with
lcuch satisfaction, and appeared instantly to remove a
load from the commercial community, and -would un •
doubtedly have ,prevented much mischief had the measure
been adopted two or three weeks ago. The quotations
are merely nominal, the I'LlaTket to-day being extremely
=cited, and an advance of 24 to Id per lb. fully
-established on the low sales of yesterday, with very great
indifference on the part of Holders to realise even-at tlie_
insprue.d tato.
There was a tolerably large business done in the
Liverpool Share Market to-day, and prices advanced
,considerably, fully equal to ,2 per cent The fol-
lowing were the day's transactions:-Blackburn,
*3l, 8i; Eastern Counties, 10t, 104 ; Lancashire
:and Yet ksbire, 901, 90, NI 901, 01, 901, 90k, 90 c;
Ditto 91.. shares,l p; London and North Western,
06, 951, 25*, OE, 951, 053, 963; Midland, 82, 82f,
814, 81i. 82i, 82*, ; North Eastern, 22 11-16 c;
Doveat 18t c, 18 11-16, 181; Leeds Capital
Stock, 23* ; Duteh Rhenisb, 51- d ; Great
.iA.uxeirabourg, 51 c ; Gland Trunk of Canada,
8 11-16( Bf, 8 11-16, 81c, 81. The following
was the business for, the next Account:-
Blackburn, 8;1; Caledonian, 37a. 381, 38, 37k:
Lancashire and Yorkshire, VI. 91, 91:1, 91 901 ;
I,9ndon and North Western, 061, 061, 96 903, p6i,
904, 96i, 96*, 961, 96 ; Manchester, Sheffield, and,
Lincolnshire, 3'7.1,, 37, 36i Midland, 82*. 821 821
821; Y,l-rk and North Midland, 38! ; ovens, 181-,
18 13-16, 184, 18 11-16, 18 13-16; Great
Western, ; Grand Trunk of Canada,
Ks 81, q. 81, 8 15-16 The following
were tbg 531951g4 prices : -Blackburn, 8!, ;

Chester and Birkenhee,a, 621, 621; Caledonian,
374, 384; Chester and. Holyhead, 14, 144; EPastern
Counties, 10f, 10i% East Lancashire, :PA a ;
Do. 91. Shares, par 4, p; Great Northern, 234, 231;
Do. A, 19/, 10/; Great Western, 471, 4.8 k ; Manta.
shire and Yonishire Stock, 91, 914 ; De.. 9/ shares,
13-16, 1:;-16 p; Liverpool, Crosby, awl Southport,
184-, IP,I ; London and North Western. Stock, 954,
90 ; Manchester, Sheffield, and Linrio'inshire, 361,
37 ; Midland Stock, 828, 821 ; North British, 11a,
114 ; North Staffordshire, tit 44 d ; N orth Eastern -
Berwick, 22z, 23; York and Norra Midland, 381.
38?; Leeds sCapital Stock, 234, At; South East-
ern and Dover, 181, 19; Seott;Ash North Eastern,
1L 12 ; ' Buffalo and Lake Huron, 54, 54 d ; Do.
-New Shares, 51, 51 d ; D'atch Rhenish, 6, 51 d ;
Great Western of Canada, 18, 181 ; Do. New nhares,
3.1, 21 d ; Great Luxembourg, yi, NI ; Grand Trunk
of Canada, 8:4, 8 13-16. The following were the
Continuations paid :-Blackburn, is con ; Lanca-
shire and Yorkshire Stock, a; London and North
Western Stock, 7-16, 1, '5-16 ; Manchester, Shof-
old, and Lincolnshire, 1; Midland Stock, 7-16, 4,
7-16, A ; South Eastern, 4,3 s, 4 ; Grand Trunk of
Canada, is 6,..1;
•The following are the weekly TraMc Returns,
received up to this afternoon:-Bedale and Leyburn
1161; Belfast and Ballymena. 1,3251; Birkenhead,
Lancashire, and Cheshire 2,6791; Blackburn
1,003 t; Bristol and Exeter 5,9441; Caledonian
14,6031; Chester and Holyhead 6,0701; Cork

and Bandon 24'0/; Deeside 2501; Dublin and
Belfast Junction 1,5771 ; Dundee, Perth, and
Aberdeen Junction 1,0241 ; Dublin • and
Drogheda IN6O/ ; Dublin and. Wicklow and
Dublin and Kingstown, 1,6681; East Anglian
9611; Easterie. Counties and Eastern Union 23,7961;
East Lancashire 5,4071; Edinburgh and Glasgow
and South Dunfermline 5,7891; Edinburgh, Perth,
and Dundee 3,3821; Glasgow and South Western
6,961/ ; Great North of Scotland 1,318 Z; Great
Northern 2,51331; Great Southern and Western
6,2091; Great Western 27,'1041; Kendal and
Windermere 1471; Lancaster and Carlisle 6,4871;
Lancashire and Yorkshire 20,3471; Llauelly
Railway and Dock 4251; London and Blackwell
-1,3461; London, Brighton, and South Coast 14,2891;
London and North Western 58,409/; London and
South Western 13,3211; London, Tilbury and
Southend 1,009/; Manchester, Sheffield, and Lin-
colnshire 10,7351; Manahester, South Junction and
Altrineham 8301; Maryport and Carlisle 1,0621;
Midland 31,4891; Midland Great Western 3,8221;
Newcastle and Carlisle 3,9411; North British 5,6721;
North Eastern 35,9711; North Staffordshire Rail-
way and Canal 7,2011; North Western 1,0034 Oxford,
Worcester, and Wolverhampton 4,5741; St. Helen's
Canal and Railway 1,521/ ; Shrewsbury and Bir-
mingham 1,5631; Shrewsbury and Chester 2,8301;
Shrewsbury and Hereford 1,5971; Scottish Central
2,9314 Scottish North Eastern (late Aberdeen)3,3oll;
' South Devon 2,371 ; South Eastern 17,8371; South
York and River Dun 2,8161; South Wales 7,169 ;
Ulster 1,4061 ; Vale of Neath 1,5611; Warrington
and Stockport 21.11; Waterford and Kilkenny
3481; Waterford and Limerick, 1,1781; West
Hartlepool Harbour and Railway 3,5241; White-
haven and Furness 4491; Whitehaven Junction
4531; Buffalo and Lake Huron 1,107/ ; Dutch
Rhenish 2,7021; Grand Trunk of Canada, 10,277/;
Great Luxembourg 1,0681; Great Western of
Canada, 9,8001.
The Funds opened this morning with buoyancy,
at a further advance of per cent, Some conside-
rable sale of Stock for Money being then pressed,
a fall of z per cent. ensued. Money, however, is
easier on the Stock Exchange, and the general
feeling I'3 more satisfactory. Consols for Money
closed at 89i to 891 and for the Account at 89a to
89-1. After official hours, Consols for the Account
were quoted at 89 11-16 to 89 13-16.
-In the London Railway Share Market, there was
a fair business done to-day, and prices show a
considerable advance. The following were the
closing prices :-Ambergate, Nottingham; and
Eastern Junction', 41, 5 ; Caledonian, 761; Da:ch
Rhenish, ; - Eastern Counties, 101 10k.; East
Lancashire, 88, '9O ; Edinburgh. and GlasgoW, 54
56; Great Northern, 93 95, ; do. A shares, 80, 82 ;
Great-Western, 481, 481 ; Great Western of Canada,
18t; Grand Trunk of Canada, 81, ; Great
Southern and Western, 96, 98 ; Lancashire and
Yorkshire, 901,, 901 ; London and North Western,
95*, 961 ; London and South Western, 84, 85;
Leeds Northern, 46k, 47k; Manchester, Sheffield,
and Lincolnshire, 36, 37 ; Midland Stock, 814, 814;
North British, 45*, 469 ; South Eastern and
Dover, 633; York, Newcastle and Berwick,
89k, 90,3 ; York and North Midland, 761, 771
After the official hOurs the following were the
nominal prices t-Caledonians, 751, 761 ; East
Lancashire, 88, 90 ; Great Northern. 931 94k; do.
A, 80, 82 ; Great Westerns, 471, 471; Lancashire
and Yorkshire, 90t ; London and North Western,
901, 901 ; Midland Stock, 811, 82 ; North British,
45k, 961; South. Eastern and Dover, 621, 63; York,
Newcastle and Berwick, 891, 901; York and North
Midland, 77-1-.
The Produce Markets were much firmer to-day,
and there is a disinclination on the part of holders
to realise. The Grain Market has not, however,
recovered, and transactions • are limited in all
articles. Wheat is offered at a decline of 3d per
701 b, Flour is per barrel, and Indian 'Corn is per
quarter, without finding buyers beyond consump-
tive requirements. . In Manchester business can
scarcely be said to exist, as sales are quite imprac-
ticable, and prices for both Goods and Yarns are
quite nominal, which must enforce a closing of
many mills, and entail serious distress amongst
the labourirg population; and this remark is
equally applicable to the manufacturing districts
thioughout the kingdom. To day's report, how-
ever, is more flattering, and with a revived demand
producers are in better spirits.
We regret to learn that Mr. Alexander Denny,
iron ship-builder, Dumbarton, and who also carried
on an extensive business as an engineer and iron
forger, under the firm of Denny Brothers, has•been
obliged to suspend payments, owing to the pressiire
in the money market. Care should be taken to
make a distinction between one of the above firms
'and the old and well-established shipbuilding firm
of William Denny and Brothers, of the same place,
who, we understand, have no business connection
whatever with the above firms; and we are further
glad to learn that the other firms in Dumbarton
will not be'affected by Mr. Denny's suspension.
The Bank of Holland has raised the rate of
discoant to seven per cent.
The £12:000 in Rursian Gold received on
Thursday was yesterday sent into the Bank, there
being no demand on continental account. Alto-
gether the Bank bought about 41000 in gold.
The arrivals • of fark, ,the Continent
continues on a surprisingly; large scale. The
steamer Rhine, which iarrived;` che'-Thames on.
Thursday, brought a total of 4,15,000 in Silver,
from Boulogne.
The telegraphic intelligence recsivpd from Bom-
bay is understood to report a slight: unfavourable
m3vement in the Exchange on London:-
. The Weekly Traffic Return of the Lancashire
ancLYorkshire Railway Company presents a de-
crease of 1,8981., compared' with that for the cor-
responding week of last year. This is caused by
the cheek which has been given to trade in the
44iiiinufacturing districts.
In the Produce Markets yesterday, business was
almost suspended, and prices were merely nominal
.owing to the state of the money market. Linseed
Oil was pressed for sale at a further fall. In Tallow
considerable transactions took place as low as 475.
to 475. 611.. but at a late hour there was a rebound
of about £2 per ton.
The Colonial Wool Sales commenced last evening,
there was a very large attendance of buyers, but
prices show an average decline of 21. to 211
per pound compared with those current 'at the last
sales. Many parcels were ,withdrawn.
The Emigration Commissioners have engaged
the chip Empress Eugenie for the conveyance of
passengers from Liverpool to Melbourne, at tt e
rate of 141 193. sd, per head.
The following were the latest quotations for
Foreign Exchanges :-Amsterdam, short, 11 16 to
11 18 ; Do. three months, 12 01 to 12 2; Rotter-
dam do. 12 (4 to 12 .2; Antwerp do. 25 70 to 25
85; Brussels do. 25 70 to 25 85; Hamburg do. 13
12 to 13 13 ; Paris, short, 25 30 to 25 45; Do. three
months, 26 to 26 2.0 ; Marseilles do. 26 to 26 20 ;
Frankfort do 121 to 1.22; Vienna do. 10 51 to 10

Tins week. P..cespaid Currt. Prices.
Import. Sales. Description. this week. Mid. Fair. Stocks.
--..--. -. -
cl. d. d. d.
8582
21 150 Sea Island -12 to 28 .. ..
050 Upland - - 5 to 8& ..
•• 164770
.... 1730 Mobile - - 51 to 8
..
2430 29 0 New Orleans 411 to 9 .. ..
• 627 603 Brazil - - - fii to 9a .. . .. 22430
1023 330 Egyptian - -72 to 121 .. .. 970
•••• 170 West India - 01, to 10 .. . .. 1460
2240 3001 East India -3i to Si .. .. 129370
-- ----- -------• ----' -
14932 10930 Total I 328429