Northern Times.
Liverpool, Merseyside, England, 1859-01-27 00:00:00

12,000

Tigress
Kitty Floyd 3,2161 CHARLESTON
Matilda
Prince of Wales .... 2,265
Oliver Moses
Cotton Planter (Cork) 1,4471 De Witt Clinton 404
Lalla Rookh.. Do. I,B39Neptune

33,547

MOBIL'
Philadelphia
Oregon 2,178 New Orleans 33,547
Bridgewater 4,546M0bi1e 24,950
Sagamore
Samaritan
Alice Wilson
Jolui Parker 3,2021New York
Regulus (Cork) .... 1,931
'Cork and Liverpool. 79,136
24,9501Fleetwood
Glasgow

TOTALS

GALVESTON
Thomas Watson
Alamo

9701
1,500 Total at sea

83,802

We published in yesterda,y's paper a letter from
Mr. W. P. Wright, of New York, in respect to
his Cotton circular. A correspondent, in answer
thereto, says :
Some correspondents of Mr. W. P. Wright, of New
York, have been (it appears by his letter to the Liver-
pool papers) finding fault with his change of views on
the cotton crop. Herewith are some extracts from his
circular. All September the accounts are bad, worms,
rust, top crop a failure,
Nov.eather unfavourable ; estimates
down to 3,100,000. N 9: We hear of a frost three,
days earlier than fixed on by Mr. Wright; all goes for a
crop below 3,300,000. On the 7th December it is sud-
denly raised to 3,500,000, or over. On the 11th Jan. we
have a lot of tables, which just mean that the crop has
been hurried early to market, as Mr. Wright mentions on
the 2nd November, and all of which is no evidence what-
ever of a large crop. • Mr, W. has forgotten the worms
and rust, and all other ills cotton was heir to in Sept.
The fact is, the warm month of October matured the
crop all at once, and what there then was ou the fields
was gathered, and the crop finished.
Extracts from Messrs. W. P. Wright and Co.',
Circulars : _ _

September 6, 1858.—The unfavourable accounts from
the south s.re more fully confirmed during the week.
Worms and dust are represented as having done much
damage to the middle crop.. There appears an universal
impression that the hope of a trop of 31 mil. must be
abandoned. 3,250,000 to 3,340,000 a liberal estimate.
September 14.—We cannot advise any improvement
in prospects. Public opinion in the south, as well as
here, settled to 3,200 to 3,300, subject to a further reduc-
tion in the event of frost prior to Nov. 10.
September 20.—The accounts from the south continues
'to speak discouragingly of the crop prospects. Some
parties estimate at 3,100,000. This we think pre-
mature.
September 29.—Prom all the information bearing on
the question, we consider 3;300,000 a liberal estimate,
with fine weather and an average date of frost,
October s.—The accouits received during the past
week confirm eur idea. that the top crop will be a hght

one.
November2.—lsTo. frost ; estimates from the South,
3,300 to 3,600. When we hear of a frost we may ven-
ture ,on an opiniqn ; meanwhile, it is unsafe to take
our present. receipts us a guide. More than ordinary
exertions have been made to hurry the crop to market.

IToveniber frost 7th Nov_
November 10.-Frost contOrmed; the late exaggerated
estimates are gradually being withdrawn.
December 7.-Estimate, 3,500,000, and may be con-
aiderebly
The Liverpool 'Share Market was rather dull
-to-clay, the business d one being limited, and
-prices rather lower. The following were the
transactions :---=Caledonia ,n, 851, 831 ; Lancashire
and Yorkshire, 9074, 97 , 961, 97 ; London and
North Western, .95',-7-3, 96, 961, 96 ; Midland,
7.102, 102 fr, .1021; Dove' 22 1-16, 224, 22 1-16,
22, 22-1-, 22 1416 ; Buffi do and Lake Huron, 64 ;
`!Grand Trunk of Canad; a, 81 • Dutch Rhenish, 5,
d. The following w ere thei closing prices
:Blackburn, 11 546, '.l 7-16 ; Chester
Birkenhead, 661, 67 ; Caledonian, 85a, 851
Thester and Holyhead, 4 E7l, 48 • Eastern Conn-
- ties, 12, 121 ; East Lancashire, 951, 96 ;
Do. £9 shares, p ; Great Northern, 104,
106; Do. A, 89, 90 ; G kreat Western, 55, 551;
.lancashire and' 'Yorksh ire 961, 971; Do £9
shares, p, Kp ; 'London and North Western,
'954, 96 ; Do. ono-eighth shares, 1, d; Man-
chester, Sheffield, and Lincolnshire, 371, 38 ;
Midland Stock, 102 k, 1022 ; North British,
611, 621 ; North Westef 7n, 13?-,, 13a ; North
Staffordshire, 41, 4y ti ; No. rth Eastern-Berwick,
921, 931 ; York and Nort h Midland, 761, 771 ;
Leeds Capital Stock, 48, 481 ; South Eastern,
:22, 221; Dutch Rhenish, 51, 5d ; Great Western_
of Canada, 16, 161; Do. N 'ow Shares, 41, 4ti d;
Great Luxembourg, ,6t, 61 ; Grand Trunk of
Canada, 81, 81-. Annexed ai *e the continuations
-paid : --Blackburn, 9d..1 Cale( lonian, 3-16, I, 6s,
5-16 ; Eastern Counties, lid ; Great Western,
-1.4, 5-16 ; Lancashire and York 'shire, 1„, 6s 10a-d,
.1-16, bk. •, London and Nort. h Western, 5-16, t,
:es 10d, 6s 101 d, Do. Shares, 6( 1, sd; Manchester,
Sheffield, and Lincolnshire, 3s, 2s 9d, 3s 6d ; Mid-
land Stock, 5-16, 4,'316, 9, 1-16 ; North British,
4a; North Eastern--Berwick, 5-16; South Eastern,
1-16, is lid, ls, is 2d, 9d; Bmcfalo and Lake
Huron, 7d, Bd, *6d :; Dutch Rhenish, 9d, Bd,
W..; Great Western of Canada, ls, is 2d ; Ditto
New shares, 9d; Great Luxembourg, 6d, 51d, 5d ;
Grand Trunk of Canada, 9d, Bd, 6d.
The demand for discount accommodation during
the last few days has sensibly diminished,
kit this. ,circumstance, and the increased easiness
of the rates charged for negotiating com-
mercial securities, attract lic attention,
because an augmented inquiry is expected
fearly next month, when several heavy payments
on account of loans lately contracted will
have to be completed. On the Ist proximo' about
a million sterling will have to be subscribed for the
Victoria railways; on the 4th, numerous mercan-
tile engagements will cause a large temporary ab-
sorption ; on the fath, the settlement in Consols
will hare to be effected ; on the 15th, 155,0001 is
due on the Chilian Loan ; and on the 28th,
800,0001 becomes payable on the second
series of the Turkish Loan. Bankers and
brokers may, therefore, experience some accession
of business, but whether it will enable them to
exact enhanced terms for the use of their capital
cannot easily be determined. It seems probable,
however, that the Bank minimum, or perhaps a
fraction more, will then be charged, but no per-
manent alteration is anticipated, owing to the
continued abundance and the limited requirements
of the commercial community.
The Market for Public Funds and Securities
opened weakly, and has been heavy all day.
Towards the close, however, it became stronger on
the announcement of an improvement on the Paris
Bourse. Consols closed at 95a to 951 ; the New
Threes at 961 to 961 ; and Exchequer Bills at 36
to 39 prem.
The London Railway Share Market has been
weaker to-day, but towards the close a rather
improved feeling set in. Lombardo
however, at
Venetian
were flat in the morning, improving,
chiefly
r de iugun
.
iscellTaurnekojussitshwar
the finish. Attention was
F•ceaker.
voe
directed
to-day to arranging the account!'
BS taonekkss,
iwnee re a
nd dull.m
eerse
The following were the 1 •
prices :-
Ambergate, 6} ; Cal d '
c osmg p
Do. Pref., 103, 106; oman, 85k, 851 ;
Eastern Counties,
62, 63 ; East Lancashire,
Edin-
burgh and Glasgow, 69, c, 95, 97 ;
ern, 104, 105 ; Ditto A. ;
85, Great
90 North-
ern, -
B. 132, n to
134 ; Great Western, 543, 551 , La;
and Yorkshire, 9641, 961; Brighton, 112 g
icalsmrie
London and North AVestern 951, 961 ; London and
South Western, 94, 941; !Alanehester, Sheffield,
and Lincolnshire, 34, 38 ; Midland, 1021;