Northern Times.
Liverpool, Merseyside, England, 1860-01-24 00:00:00

LONDON STOCK EXCHANGE.

Monday Evening..
The Market far English Securities was heavy.
Consols, being influenced by continued sales, have
become difficult to dispose of," and they have con-
,sequently suffeied a relapse of to a per cent.
They were quoted at 94;;2 too for Money, and.
941 to for th 6 Account. Bank Stock:has been
dealt in at 230; Reduced Three per dents.,2 94
and'9s. ;, India Bonds under £l,OOO, Ils. prem..;
Enfaced Rupee :Pam, 991 andl the Five-
and-a-Half per Cent. ditto, 1051 and 1057, ; and
Exchequer Bills, 295. and 28s. prem. -New Canada
Scrip is marked 21- to 3 prem. Indian Fiv,e per
Cent Loan is 103-to 104 - Turkey Bank Shares
are steady at, par. to 3 prem., and Ocean Marine
21 to 3- prem.
_ .

In the Railway :Share Market business was
depressed, and transactionsT;were only of very
moderate 'compass. Great Northerns, Great
Westerns, and Midlands are 3s. to 10s. lower ;
South-Easterns have receded 1 per cent. ; and
South-Westerns, 1 per cent.

The Market for Foreign Securities was limited
in amount of business, and values in not a few
instances were affected in an adverse manner.
Buenos Ayres Six per Cents. have declined to
83a ; Mexican are flat at 22; Original Turkish
hiive be,en dealt in. at 78a and only;but the
New Sixes brought 661 and 4. .
The price for French Rentes, at twelve o'clock,
was 68f. 75c.,; and subsequently 68f. 65c., with a
flat market.

The steamer Etna has arrived from New York,
with £11,200 in specie, and the Tagus, from Lisbon,
brings £4,400.

THE FUNDS.--CLOSING PRICES.

Consols, MOney... 94;1
, Account . 941
4chequer Bills.. 26 9

Ilank Stock . . .229 'BO
Three per Cents.. 941 5

RAILWAY SHARES.-CLOSING PRICES.
Amb, Not. &E. J. 61_ I Lancas. & York. 101

Caledonians .. .. 94 I L. &N. West.. _94 i
Dutch Rhenish . : -- L. &S. W. .. . . 94 7
Eastern Counties. 461 7 Leeds Northern.. 471- 8
East Lanoashire. Man. Sheff. &Lin. 381 1
Edinburg & Glas. 801 12 Midland Stock ....109 4
Great Northern _1074 . 8 North Bridal 1.. 614, 21,
„ „ A. 961, 71 N. Staffordshire..
Gt. Westerns .... 67g. ;IS. E. & Dover .. 831 4,
G. W.Canada ... 12,?,-, -4- Yerk, N. & 8.... 831 41
Gd. Tk. Can. . . 91 ,i-', York &N. Mid... 771 81
Gt. S. & West.

- -The following appeared in a portion of our
impression on yesterday :

THE MONEY MARKET.
The funds sustained a fresh decline of A per cent. and
'closed flat. Some recent sales on Bank account eon-
tinue to exercise an influence. In the share markets
where any alteration Was observable it was in an un-
favourable sense. The commercial demand for money
to-day was rather slack. The withdrawal olgold from
the Bank to-day for toe continent was £l4,ooo.—Daily
News.

The English funds have remained without recovery
from the fall of prices of yesterday,. and no revival of
confidence seems, likely until some sign shall become
apparent of a diminution of the rage for the purchase of
the native Indian debt. -Instead of any such manifesta-
tion td-day there has been another rise of more` than
per cent. in the five per cents, and it would therefore
appear that the Bank of England may be compelled to
adopt a further upward movement before the drain of
specie can be checked. In the discount market the
demand has been very moderate. The rate of exchange
at Paris still shows a heavy tendency. In . the railway
-market business has been at a complete stand still. -In
several of the leading- -British stocks a' fuithiidecline
has taken place;--Tintes. • .

YESTERDAY'S MARKETS.

LIVERPOOL COTTON MARKET.-JAN: 23.

With a fair demand; and plentiful supply, the Cotton
market continues without change. The sales--,inclad-
ing 400 Pernambuco, 6id. to 8d:; 200 Bahia, 7,F1.; 40
Maranham, Bd. to 90. ; 400 Egyptian, 74d. to 9-3 d. ;
2,000 Surat, 31d. to 514-7--are reported. 8;000 bales, of
'which 2,000 are on speculation and for export.

LIVERPOOL PRODUCE MARKET.—J.Ot. -23.
Sv oAxt.—The market is very quiet, and in the absence
of any general demand, the business is confined to 120
bags grainy Mauritius (16s. duty) at 51s. per cwt.
MOLASSES OR RUM.—Nothing to notice in either of
these articles.
COFFEE.-320 bags Rio are reported at 58s, for good
ordinary unwashed, to 625. per cwt. for low washed.
RICE.--Nothing doing.
SEEDS.-100 tons Calcutta Linseed at 515., and 1,300
bags Bombay, to arrive, at 535. per. qr.
SAGO-FLOUR.-1,800 bags at 15s. 9d. per cwt.
DYEWOODS.-10 tons Laguna Logwood at £7, 25 tons
Laguna Fustic at £6 155., and 150 tons Limawood at
£l3 10s. per ton. • 4 .
DAYSALTERIES.—No sales in Argols, and only retail
transactions in Cream of Tartar, at 1275. 6d., and G.L.B.
Sumac at 13s. 6d. 80 serons of Gum Sorts at 325. 6d.
110 tons of best seconds Brimstone at £8.175. 6d., and
10 tons of best thirds at £8 12s. 6d. Small sales of
Nitrate of Soda, at late rates. Nothing further in
Saltpetre. 32 barrels Potashes at 28s. 6d. per cwt.
120 cases fine old dry Para India-rubber at 2s. 6d., and
170 bags of fine Ceara Scrap on the spot and to arrive,
at Is. 101 d. per lb. 500 bags of Myrabolams at 9s. 6d.
per cwt.
OILS, &c.—Spot price of Palm, £44 10s., 150 tons
sold (to arrive) at £44; P.Y.C. Tallow, 60s. ; a few
tuns of Seville Olive Oil at £56 10s., and of Neapolitan
at £57. American Lard, 575. to 595. Fifteen tuns of
Linseed Oil at 28s. 6d. in export casks. 900 barrels

THE DAY'S NEWS.

The recall of the Danish Ambassador, Dirchink
de Holmfield, from the French Court; is generally
understood in diplomatic circles to, be the result•of
the publication of a direct, attack upon the Queen
of Denmark, more generally known as the Coun-
tess Danner, by the Ambassador's brother, which
has rendered his retentions Of office no longer pos-
sible. This work contains an affront upon that
remarkable lady, who, from being a milliner-girl
of third-rate ,pretensions at lianover, has become
the Queen of a. great nation, and whose public ac-
knowledgment by the King has produced some-
thing like a revolution amongst the people of
Denmark. The distinction thus conferred
on her, . it seems, was cheerfully accepted by
all parties until the moment when she
chose to oppose certain measures pro-
lapsed by the Diet, since which time the
popular cry has been " down with the Countess,"—
a cry which is fomentedby the' publication of such
disclosures as we have referred to, of the means
adopted, and the life led .by the lady, before ar-
riving at the honours she is now enjoying.. The
political object in view, by. the Opposition party,
is to:procure ~the abdication of the King, the
election of Prince Christian, and the consequent
discord wherein Russia.-will find her account, and
for 'which she has been intriguing so long.
The Italian journals are again discussing the
question of Garibaldi's marriage., They seem to
be all agreed, that if the marriage has, not already
taken place, it is to do so soon, and that the lady
is Mdlle. leaimondi. A letter from Milan gives
a somewhat romantic and very characteristic
account of -the commencement of their acquain-
tance. Last spring, when the intrepid Chasseurs
of the -Alps were pursuing the enemy from
Varese to Como, it was found necessary to send
-notice to the General that. the Austrians were
pteparing to quit the latter place ; but ,in conse-
quence of the communication having been cut
off, all were hesitating, when a young girl
presented herself, took the despatch, got on horse-
back, followed by her father's chaplain, rode
through the enemy's troops, and did not stop till
she found herself in the presence of Garibaldi.
This courageous girl was of course Mdlle.
Raimondi.
The address of the French Minister for Public
Instruction to the pupils of the Polytechnic School
contains some allusions to the Italian question.
He makes, the important assumption that the
Italians must become really free, and that they
will owe to France alone the price of their free-
dom. His apology for what he calls the modifi-
cations of certain loyal resolutions on the ground
of unforeseen complications—referring probably
to the non-restoration of their former -rulers over
the Central Italians—is significant, if not altoge-
ther conclusive. Moreover, he does not hesitate

to instruct the youth of France that, although
they are Catholics, they are children, pf France,
and consequently their devotion to her interest,
dynasty, and laws is, and ought to be, paramount
to every other consideration.
Further changes in the French Cabinet are
expected. This time, in consequence of the new
commercial' policy of the Emperor, M. Magre,
Minister of Finance, and M, Billault, Minister of
the Interior—both pratectionists—are expected
to retire. The manufacturers, cotton spinners,
and ironmasters have published a protest against
the; proposed suppression of prohibitions. They
Speak of the measure as one involving disastrous
consequence. They are not far wrong, probably,
in adding that they either submit to it, or tear it
by cannon shot"; but such freedom of speech
sounds oddly from a country where the press is,
under such strict surveillance._ Against ...these
unpleasant utterances, however, we have the
address of the Chamber of Commerce of that great
emporium of trade, Nantes, congratulating the
Emperor on his new policy ; and also the general
assurance that the uneasiness the measure has
produced in some places is counteracted by the
confidence reposed in the Emperor's sagacity in
prlposing extensive fiscal reforms only at a time
when the political horizon, to his .experienced
judgment, appeared pacific.
The delay that has arisen in signing the Treaty
Of Commerce betNieen France and England, is
taken advantage of by the Tinzes to consider, on
principle, the nature of such an engagement on
jo
urnalist
doubts part of England.. The leading
doubts whether we are to receive a benefit equi-
valent to that we are likely to be asked to confer.
On this point he says :--" The duties we impose
.on French produce are laid on merely for the
purpose of revenue, and will create a loss which
must be made up, probably by a tax on the
necessaries of life, or upon income, while
.the Prench gain doubly by the removal of
their prohibitions—first, a source of revenue, then
an abundance and cheapness of the liberated
articles." The same writer is further inclined to
question whether it is wise and consistent with
sound policy to enter into any commercial treaty
at all. The conclusion of such a treaty, it is
urged, "is nothing less than a solemn declaration
against those doctrines of political economy which
have regulated the practice of this country since
1846, and the theory of this country since 1852."
And again he adds,—" For many years it has
been clearly understood that. Customs Duties are
no longer within the sphere of the diploma-
tist, and that the policy of England is to open
her ports to the produce of all. countries,
leaving them, if they think fit, to punish them-
selves by adopting a contrary course." And
as an illUStration of the inconsistency of the
proposed treaty, the well-founded complaint of
our shipowners is adduced; with reference to
whose reasonable demand for the enforcement of
reciprocity, it is asked, " What answer are we to
make to them if we enter into a commercial treaty
with France ? If we can lower a duty on wine
in order to obtain the relaxation of one prohibition,
why should We not prohibit foreigners from shar-
ing in Our_ coasting:trade, in order_ to obtain the
relaxation of another ?"

The Paris correspondent of the Times writing
on Sunday evening says the treaty of commerce
was, in all probability, signed at four o'clock that
afternoon. This statement however requires
confirmation.

The Times seems heartily ashamed of the
failure of the attempt to get up a Reform Bill
agitation, and in commenting upon the Manches-
ter meeeting of Friday last, remarks :—" The
agitation cannot be said to be dead—it is just
alive, but not kicking very hard ;" and again :
"It appears that for the present, at any rate,
the country is sick of the noisy agitation
-which it endured some months ago, and that the
failure of the agitators in their attempt to acquire
the confidence of the country has been complete."
And he very • sensibly concludes by observing,
that "We want to be quiet and mind our own
business, and to be able to look upon the trade•of
grievance-making as a disgraceful occupation ;
but for that purpose we must get rid of all real
Igrievances."

By the arrival, yesterday, of two steamers be-
longing to the celebrated Cunard line of steam-
ships, we are put in possession of intelligence
from the United States up to the 11 th instant.
From this (which will be found -in another part
of our issue to-day) it appears that the chances
of coming to an agreement in the choice of a
Speaker by the House of Representatives remain
as distant as ever. Some of the 'moderate men,
tired, no doubt, with the pretentious frivolities
which have been brought forward to prevent
the organisation of a " house" have proposed a
dissolution of the present Congress, with a view
to having a federal pronouncement on so momen-
tous a question as that of whether the legislature
shall begin to work or not. An extraordinary
effect has seemingly been produced by this pro-
posal. From our report of the news by this
mail, it will be seen that an unusually
heavy calamity ,has occurred to a district
in the falling of the extensive mills of Pem-
berton, by which an immense, although still
unascertained, sacrifice of life took place. The
reports, of course coloured by the influence of
first impressions, are placed before us. They are
startling, and, let us hope, overcharged. •
The adoption of, or resistence to, the " Local
Government Act" has become a topic of anxious
consideration, and no small amount of personal
feeling in the out-townships contiguous to Liver-
pool. The question has given rise to many
discussions—disputes might not be an inappro-
priate name for some of these contests of opinion-
-in the different localities which, feeling the
desirableness of adopting the measure, still hesi-
tate as to the safety of-declaring on the subject.
One of these meetings took place
.yesterday at
West Derby, which was interesting in many par-
ticulars, and for an understanding of which we
refer to our report.

MR. BRIGHT will surely talk himself out before
he reaches the Parliamentary arena. We are at
a loss to know what special want he is supplying
by thus weekly traversing the northern counties,
except it be the want of matter for the columns
9i newspapers. When a league was on the point
of establishment for the purpose of spreading
incendiary notions through the masses of the
people, and vaguely exciting, without instructing,
their ignorant and violent sympathies, we could
understand the motive and the plan. But Mr.
BRIGHT'S appearance on respectable platforms,
and before such of the middle classes as he can
get together, can have no adequate and worthy
object except to communicate information, ex-
pound his principles, or intimate his immediate
intentions and policy. Yet we are already suffi-
ciently aware of these particulars, and have been
already most carefully made to appreciate Mr.
BRIGHT'S exact standing. We know his prin-
ciples are democratic, and his ultimate desire, the
establishment of Manhood Suffrage, as the final
and fatal means of subverting our present politi-
cal and social system. We know his immediate
intentions are to accept with sullen regard the
concession that the Whigs are prepared to offer,
and to do so as an instalment and anticipation.
We know exactly :the .difference between Mr.

Tuepaff, January 24, IMO.

BRIGHT and the Constitution, and his reason
for patting on the back all the time-servers
who are endeavouring to: find some vantage
ground for themselves between the two. No
one believes in the necessity. for Mr. BRIGHT'S
" apologies" for resolving on the quasi support of
Lord JOHN RUSSELL'S moderate propositions. It
is he himself that creates the expectation of
extreme advocacies -in Parliament; and, per-
haps, he would find it as convenient, without
being less honest, to commit himself gradually
to his principles, and not take upon himself
the whole burden at once. By this cautious pro-
cess he might be open to less unpractical re-
proaches from his own followers, and be, at the
same time, less distrusted by his competitors and
opponents. Then, again, we are quite unable to
appreciate the superfluous zeal of his hatred to
Lord' DERBY'S Reform Bill, except as a device for
filling up his speeches. His dislike of the Eng-
lish Constitution, of course, throws him into an-
tagonism with its sworn and faithful admirers
and defenders ; and, we could even take for
granted his enmity .to the Constitutional party,
although he had not paraded it before the'poblic
already ad nauseam.
But there is another thing Mr. BRIGHT'S friends-
are bound, in all confidence and right feeling, to im-
pregs npon their incautious chief. Though he himself
tells us, that extreme opinions have made some
way since the establishment of an obscure asso-
ciation dignified with the title of "Lancashire
Reform Union," yet more observant spectators
have lately contracted a decided impression that
Mr. BRIGHT and his party are at this moment'
going through an unfavourable phase, which,-
though not entirely novel or unexpected, has.
developed more fully its unfavourable feature.
Democratic opinions, though never receiving.
other than a feeble utterance, or being even en—
tertained for consideration or doubtful criticism,
any where but in the bye-ways of society, have'
been lately putting forth, if we may so spebk,
all-
their weakness, and stripping themselves, or being
stripped of all the associative elements of strength.
they had accidentally gathered. Not c,nly have
the political enthusiasts been compelled by the
disposition of the. people to refrain from the-
agitation they had threatened or desired,_ but
a fortnight ago the leader of the band was'
himself heard talking a little constitutionalism
of the old Whig types and even Making"
a laboured attempt to convey a more Christian
appreciation of the ' motives which rule the
higher classes of the country. Twelve months
ago there crept into the minds of most observers,
unpleasant and anxious doubts about the dispog
tion with which the average population would
receive extreme and selfish propositions. Every-
body-'thought that the Constitution was to be
placed en its trial before the lower classes, and
it was feared that, 'perhaps, avery little would
bd enough to affect the verdict. It was with
considerable apprehension, that Mr. BRIGHT Was
watched advancing to the self-constructed judg-
ment seat, and preparing with the most dogged •
intentions to bear witness against his country.
and her institutions. A sufficiently strong intima-
tion was given of the nature of the inflammatorY
evidence that was to be produced or feigned, by
that preparatory . statement of the nonentity of
the British Constitution, which, as to its intrinsic
wisdom or meaning, served so much to rouse
the ridicule of the educated, and the pity and
censure of the moderate. We knew that what
Mr. BRIGHT meant by the nonentity of the •
Constitution was the necessity of providing,
something that would on his principles deserve
the name ; and the fear impending was, lest an
inflamed and. ignorant mob should wish to enforce
the expediency of Mr. BRIGHT'S being entrusted
with the task. We have no reason, however, to
wish the issue hitherto other than it is. The man,
would en all hands be now denounced aka trifler
or a lunatic who should pretend that the Consti-
tution was on its trial. It turns out that it is
Mr. BRIGHT that has
,been on his trial, and-
has, moreover, been found miserably wanting.

THE LATEST NEWS.

IBY BRITISH AND IRISH MAGNETIC TELEGRAPH.'

FRANCE.

PARIS, Jan. 23.

The Moniteur publishes the address of the
Minister for Public Instruction to the pupils of
the Polytechnic School, on the occasion of tilt?"
yearly distribution of prizes. It contains the
following allusions to the Italian question :-111
exchange for our blood and our treasure Italy
will become French through gratitude, and from
her owing to no other nation the price of her
freedom. I will not speak of complications
created by the force of unforeseen events, which-
may compel the most loyal resolutions to be modi-
fied. We will nowhere be promoters of anarchy
and impiety—we fear God, and keep the faith of
our fathers. We are Catholics ; and never under
any Government was religion surmounted with
respect and protection. But we are chil-
dren of France, devoted to her interests, her-
dynasty, and her laws; and we rest confident in'
the wisdom and loyalty of the Emperor.
The Paris correspondent of the Times, writing
on Sunday evening, says the treaty of commerce
between France and England was in all proba-
bility signed at four o'clock that afternoon..
The approaching retirement from the Cabinet'
of M. Magre, Minister of Finance, and M.
Billault, Minister of the Interior, was very
generally rumoured in Paris yesterday. They
are both protectionists.
The Chamber of Commerce of Nantes has.
voted an address of congratulation to the Empe-
ror, on account of the proposed commercial
reforms. The example has been followed bg
the Bayonne Chamber of Commerce.
The official journal of the prohibitionists contains
a protest against the Emperor's commercial reforms►
signed by 176 manufacturers, cotton-spinners, and