The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-06 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, THURSDAY EVENING,

The demand for cotton to-day was quiet, and
prices of all kinds unchanged. The sales reached
6,000 bales. including 500 on speculation and for
export.
The Liverpool share market was excessively
dull to-day, little or no business being
transacted, but prices on the whole, were well
supported. The transactions consisted of-Black'
burn, 8 1346. Lancashire and Yorkshire, 96a
Lancaster and Preston, leShares, 201. Midland,
821. Manchester, Sheffield and Lincoln, 342
Dutch Rhenish, a, 3-16, itp. Great Western of
Canada, New, 2/p. Great Luxembourg, 11d.
Grand Trunk of Canada, 122. The following were
the closing prices :-Blackburn, 8 13-16 81. Chester
and Birkenhead, 65i 66. Caledonian, 312 311.
Chester and Holyhead, 188 181 Eastern Counties,
9 5-16 91. East Lancashire, 231 232. Great
Northern, 23 231. Ditto A Shares, 9i 92. Great
Western, 65/ 66. Lancashire. and Yorkshire Stock,
961 96*. Liverpool, Crosby, and Southport, 181 181.
London and North Western Stock, 1061 1062.
‘i a nchester, Sheffield, and Lincoln, 341 341.
Midland Stock, 821 821. North British, 10 101.
Noah Staffordshire, 5 41d. South Eastern and
D wer, 22 3-16 221. Scottish North Eastern, 121 13.
North Eastern-Berwick; 21 211. York and
North Midland, 301 30*. Leeds capital Stock, 171
17i Buffalo and Lake Huron, li 12n. Dutch
Rhenish, 1.16 Ip. Great Western of Canada, 24
13-16 241. Ditto New Shares, 2 11-16 240. Great
Luxembourg, 114- lOid. Grand Trunk of Canada,
121 122.
At the Manchester Share Market to day. The
following were the prices of the leading shares :-
Sheffield, 341. Great Western, 651. Midland, 82, 1
Leeds, 961--, 4.
The Money Market remains in much the same
condition as last reported. Settling day has passed
off without more than the average number of
" dishonoured returns" being reported. Consider-
ing the steadiness of trade and the caution which
has latterly prevailed, it was not expected that any
casualities would occur, and it is satisfactory to
notice, notwithstanding the protracted dearness of
money, that commercial engagements are so readily
fulfilled. Of course, there has been an increased
demand for money, but less pressure has been
experienced than might have been anticipated, and
when the Consols settlement is over, there is a
prospect of a comparative degree of easiness.-
There is, nevertheless, little chance of any reduction
in the rates of discount, because so many liabilities
are now hanging over the Money Market, which,
beieg discharged with regularity, give full employ-
ment to money, and prevent such an accumulation
of capital as would lead to the acceptance of lower
quotations by the Lombard street firms.
The Directors of the Bank of England held their
usual weekly meeting to day, but they separated
without altering the rate of discount. To day was
account day in the English Funds, and on the
whole it passed off satisfactorily. There seems at
present to be very little disposition to speculate
with freedom, but the investments on the pnrt o'
public, although limited, and the operations for a
rise which commenced immediately after the pub-
lication of the last Bank return, have increased the
firmness of the market, and there is now an
impression that Consols, for a time, have been at
their lowest point. Consols opened to day at 93
7-16 to 93 9-16; afterwards declined to 931. with
sellers, and in the afternoon advanced to 931, with
buyers, closing at that figure. The latest quota-
tions were 931 to 931 for both Money and the
Account. Exchequer Bills were quoted at 1 dis. to
2 par, and the Three and a Quarter per Cents at
931 to 93-1.

The London Railway, Stock, and Share Market,
was very inactive to-day, but we do not notice any
change in prices ; and the market closed with a
cst,,elaeddoynifaeneling, at the folllowing quotations :
Ambergate, Nottingham, and East Junction...
6421 :...
631
Edinburgh and Glasgow • •
Eastern Counties 9,1 .. 91
East Lancashire
Great Northern
Ditto, A
Great Western
Lancashire and Yorkshire.
Leeds Northern
• • . l7l .. 18
London and North Western
London and South Western ' 961 .. 961
1061 1061
Manchester, iSheffield, and Lincolnshire 34 ... 34i
Midland Stock
North British
South Eastern and Dover
York, Newcastle, and Berwick
.. 411
84 .. 85
York and North Midland 604 ... 611
The following were the quotations of buiness
transactions after official hours :
Caledonian
Eastern Counties.... .... •• ,• •• • ...
East Lancashire.
Great Northern.
Ditto, A,
Great Western..
651 .. 651
Lancashire and Yorkshire .. . 961 .. 96
London and North Western
Manchester, Sheffield, and Lincolnshire . 34 .. 344
Midland Stock
North British
.. 41 '
South Eastern and Dover
York, Newcastle, and Berwick ...
York and North Midland • •
The Grain Trade throughout the provinces is in
a dull state, and at the various markets to-day
lower prices had to be submitted to for wheat and
flour. This, however, is not the case in the north
of Scotland, for although a rise in prices is pro-
moted by no upward tendency in the south, yet a
gradual advance is continuing to be established in
the northern districts. Its progress is slow,
averaging perhaps 6d per week ; but the demand
is still kept up, and as the grain is now in fair
condition, and farmers pretty well disposed to sell,
trade is going on rather actively.
In addition to the great increase in the com-
merce of Canada with the United States, and with
England, in consequence of the Reciprocity Treaty,
and besides the increased direct business between
the port of Quebec and Liverpool by means of the
line of steamers, there has been a large i ncrease in
the number and tonnage of vessels which have
arrived at Quebec the present season, compared
with the arrivals of last year. The opening of a
communication by means of the Grand Trunk
Railway with so many rapidly growing towns, and
so rich and so vast an agricultural country, must
necessarily increase the amount of trade through
all these channels. It cannot be doubted that it
will beget a rapidly increasing business with the
people of the United States, and particularly with
those of New England, in the exchange of agricul-
tural products with those of manufacture.
Our commercial advices from the Canadian
provinces state; that the questions of St. Lawrence
navigation continues to be earnestly discussed,
and active exertions continue to be made for the
establishment of a line of propellors to connect
Montreal with Chicago. We confidently anticipate
that those exertions will be crowned with success.
We are informed that a groat deal of freight is now
taken from Montreal to the West by the Grand
Trunk Railway; and that the depot at Point St.
Charles was, on one occasion, so crowded, that the
officers in charge were obliged to suspend, for a
time, the reception of any more goods. Business
on the whole has been in an unusually healthy
state, and bright hopes are entertained for the
future.

The shipbuilders of New Brunswick have
shown some displeasure at the recent rule pro-
mulgated by Lloyds, enjoining that all ships sail-
ing on or after the Ist day of July, in the present
year, shall be iron kneed and strapped before
proceeding to sea, &c.; and at a meeting held in
the room of the Chamber of Commerce of St.
John, the following resolution was adopted unani
mously :
That the shipbuilders of St. John, New Brunswick,
looking at the nuroerons disadvantages entailed upon them
by a recent addition to Lloyd's rules, which enjoins that all
ships sailing on or after the first day of July, 1857, shall be
iron kneed and strapped, before proceeding to sea, or, in
of non-compliance with this, one year shall be
from their classification, would submit that a
deductedthe event
petition be drawn out to the committee of Lloyd's, praying
them to reconsider this additional rule, and to grant that all
ships not complying with it shall be entitled to the same

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