Northern Times.
Liverpool, Merseyside, England, 1859-05-20 00:00:00

FRIDAI, MAY 20, 1859

MONETARY AND COMMERCIAL.
LIVERPOOL, Thursday Evening.
The Liverpool Cotton Market has been rather
more active to-day, and the business done amounts
to 8,000 bales, of which 1,000 have been taken for
speculation and export. The supply offering is very
large, and hence prices continue to droop, and must
now be quoted at from an eighth to a farthing per
pound lower than on Friday last.
Scarcely any business has been done in the
Liverpool Share Market to-day, and prices are
altogether nominal. Sales were made in London
and North Western, 861, 86 • South Eastern, 181,
18.4, 181, 18 7-16 ; Grand irunk of Canada, 7-1.
Two transactions were reported after official hours,
and consisted of Manchester, Sheffield, and Lincoln
at 33, and 'Midlands at 931. The final closing prices
were : —Blackburn, 11;,, 11 1 ; Chester and Birkenhead,
591, 60; Caledonian, 744, 744; Eastern Counties, 101,
101 ; East Lancashire, 83, 85 ; Great North-
ern, 94, 96 ; Ditto A., 79, 81 3 Great
Western, 51, 511 ; Lancashire and Yorkshire
Stock, 85, 851" ; London and North-Western
Stock, 86, 86t, ; 'Ditto one-eighth shares, 2 1-16,
2 d ; Manchester, Sheffield, and Lincoln, 33.

331; Midland Stock, 931, 931- ; North British, 511,
52t ; North Staffordshire, 4'4, 4 d; North Eastern
—Berwick, 83, 841; York and North Midland, 671,
681 ; Leeds Capital Stock, 42, 43; South Eastern
and Dover, 18?-,, 181- ; Dutch Rhenish, 7+, 7N d ;
Great Western of Canada, 134, 13i1 ; Do. New
Shares, 71, 7d; Great Luxembourg, 4 13-IG, ;
Grand Trunk of Canada, 7?,-, ; Lombardo-
Venetian, 3, 21 d ; Do. New Shares, 3,` 2,3 d.
The London Stock Market has been very quiet all
day, and in consequence of the extraordinary dull-
ness in business, Consols have sustained a further

decline of about an eighth per cent. finally closing
for—Money, 911, 91;4; ditto, Account, 91;-, 91k ;
Exchequer Bills, 23, 27; Bank Stock, Three per

The London Railway Share Market has been
very quiet, and prices show a drooping ten-
dency. The following are the closing prices :
Amhergate, Nottingham, and Eastern June-
t;on, 5:1, ; Caledonian, 73k, 74 ; Eastern
Counties, 52, 521 ; East Lancashire, 83, 85 ; Edinburgh
arid Glasgow, 68, 70 ; Great Northern, 95, 951 ;
ditto A, 76, 78 ; Great Western, 50, 511 ;
Great Western of Canaria, 13?„ 13; ; Grand Trunk
of Canada, 71, 7;5,-; Great Southern and Western,
100, 102 ; Lancashire and Yorkshire, 84.1, 851 ;
London and North-Western, 86, 861 ; London and
South-Western, 86, 87 ; Leeds Northern, 411, 421 ;
Manchester, Sheffield, and Lincolnshire, 33, 331; Mid,
land Stock, 93+, 93 ; South Eastern and Dover-
-611, 62 ; York, Newcastle, and Berwick, 831, 841 f
York and North Midland, 684, 691.

The average price of Wheat in England has ad-
vanced ll s 5d per quarter since April 9, and in the
week ending May 17 the advance amounted toils 7d.
The London Wool Sales have been fairly attended
to-day, and there was rather more spirit in the
biddings. Compared with previous quotations, how-
ever, no actual change has taken place in value.
The Liverpool Sales were resumed to-day. Messrs.

of East
Browne Hunter and Co. offered 1,800 baleslndia, all of which found buyers at full rates.
Upon the whole, the prices obtained were probably
a shade higher than on any day during the present
series, and which may be ascribed more to the qua-
lities offered than to any advance in the price of
Wools generally. The same firm sold also 41 bales
Smyrna Wool, at 101 d. Some Alpaca were with-
drawn. A small lot, 22 ballots, 18d. per lb. only
being offered. To-morrow will close the present
series with 719 bales of Messrs. T. and H. Littledale
and Co., and 2,502 bales of Messrs. Hughes and
Ronald, making in all, 21,076 bales.
The steamer Ripon, with mails for Calcutta and
China, will take, to-morrow, 358,441/. in specie, all
silver, except 13,906/. in gold. The particulars are as
follows : —For Calcutta, 326,033/. ; for. Hong Kong,
13,640/. ; for Madras. 13,418/. ; for Shanghae,
3,200/. ; and for Alexandria, 2,1501.
The arrival of 259,0001. in specie is announced this
morning, the City of Washington, from New York,
having brought 138,0001., and the Magdalena, from
the West Indies, 121,0001.

The rates of discount still show a downward
tendency. Little business was done yesterday at
the Bank, and in the open market first-class bills,
having 60 days to run, were readily taken at 4 to 4
per cent. In transactions amongst the dealers, 31
per cent. has been accepted.
Owing to the superabundant supply of money;
which is far in excess of the immediate demand,
Messrs. Overend, Gurney and Co., and Alexander
and Co., have notified a fresh reduction of 1, per cent.
in the rates allowed for loans. The terms are now
fixed at 31 per cent. for money at call, and 31 per
cert. subject to a week's notice.

At Hamburg, the rate of discount has fallen to 3
to 31 per cent. At Amsterdam, the Bank rate is
still 3 per cent.
The Amsterdant Bourse opened yesterday morning
at a fall of 3 per cent. iu Austrian, and 11 per cent.
in Dutch Stocks; but at the elose, a rally of 2 per
cent. had taken place in the former, and of y per
cent. in the latter.

It appears that the proportion of the French Loan
of 20,800,0001., taken by subscribers for 10f of
annual Rente is 3,200,0001., and that the total sum
actually deposited, by way of guarantee, in the
coffers of the State, amounts to no less than
9,200,0001. Subscribers for 10f. of Rente will receive
the whole amount applied for, whilst to the general
body of applicants the allotment will be limited to
less than one-fifth.

The greater portion of the 172,6001. in gold, by
the Jura, from New York, was yesterday taken for
the Continent, as well as the 43,5001 by the Conflict,
from Melbourne. No bullion was withdrawn from
the Bank.

The English Funds have declined H to +, per cent. to-day,
but principally owing to the stagnation of business ; the
rates of discount still show a downward tendency, in
transactions amongst the dealers, 31 per cent. has beet?.
accepted. No bullion was drawn from the Bank to-day.
£210,000 of Australian and American gold was taken for
the Continent. The steamer Ripon will take oat £344,000
in silver, chiefly for Calcutta.—Daily News City Article,
Wednesday Evening.

The English Fulids opened tb is morning at a fractional
improvement, but the market closed at a decline of I-. The
principal London discount houses have to-day made a
reduction of / per cent. in their rates of allowance for
money to call and on deposit. The mercantile letters from
Germany state that business of all kinds continues in
suspense, owing to the general political excitement. Large
amounts of gold and silver have lately been sent from
France to Frankfort, in return for French and other
securities transmitted to Paris for sale ; and hoarding, it is
said, is being practised to a considerable extent.—Times
City Article, Wednesday Evening.
The Daily News says that on Wednesday,
jute, a decline of 20s per ton was submitted to.
The Great Northern Railway traffic return, this week,
shows an increase of £3,611

at the sales of