Northern Times.
Liverpool, Merseyside, England, 1857-08-08 00:00:00

8 THE NORTIIEI
MONETARY AND COMMERCIAL, ' such as, with good management, cannot fail to yield
- , a satisfactory result.
The half-yearly meetings of the Several joint-
LIVERPOOL, nielay-Evening. , stock banks in London being now oennpleted, a
The Cotton Market manifests a 'quiet tone, but table hes been made up exhibiting their re-
holders do not give way in pride. To-day,-000 spective capitals and extent of transactions, as
bales changed hands, of which -speculators an.d well as the periods at which they were severally
egporters took 1,000. The folicrwing appears in opened. The growth of business it demonstrates
Messrs. W. ight, Junior, and c„,'.'s circular, issued is very great, the aggregate increase in deposits as
fer the sailing of the Arabia:- compared with a year ago being 6 266,206/., or 141
After so extensive a business in Cotton •asevrc leave Der cent. The London and Westminster, the
reported in one circular advices each successive week in first joint-stock bank founded in London, is still
July, it cannot be matter for surprise that abated transac- at the head of the list, not only as regards its total
teens should fit- a time be experienced. The presect week of deposits, but also the amount of dividend, since,
opened with diminished spirit, and the daily inquiry has
, although the London Joint-Stock!Eank has distri-
scarcely kept pace with the desire to.progress with sates
belted 21 per cent., this was on a capital of
As a general featare, however, the position of the staple is
600,0.0,0/rwhile the dB per cent. paid by the London
not materially changed ; for, although the offerizess are in
excess of the demaed it is difficult tapurckase on easier and s% estminster has been on a capital of 1,000,000/
terms, and the chance of replacing interest at a lees cost During the year there has been a. large augmenta-
than ailing quotations seem more remote ,wide every arri tion of the deposits held by the-London and West-
val from the United States, where stocks have dwindled minster, the London Joint-Stock, the Union of
down to insigeificance, and are principally. in second London, and the City. Bank; while the London and
hand, which induces holders to display Indifference County, the Commercial, and the Bank of London
about realising at any decline. A largelyourtailed import show a decrease, caused in each ease by reports cir-
for the next four months, with a diminishing stock, can culated without the -slightest foundation at a time
scarcely fail to have a sensible effect, as' this feature be- when the public mind has been rendered sensitive
corn s mere matter of fact, and in anticipation, general by the disclosures in connection with the Royal
confidence continues to be exhib ed. Some apprehension
British Bank,
Ba
Measures, nk, the Tipperary, and the London and
is expressed regarding India affairs, which by many are
Eastern. however, were promptly taken
its consequences are now
trade in the manufacturing districts and the course of passing away. The London and County was
money matters; but, with this exception, the elements strengthened by new directors, and the publica-
oontinue hthly p-opi ions, and renewed activity may tion cf an efficient audit.; the commercial body
prevail any day. The total sales of the week amount to invited any kind of examination, and pointed to
33,020 bales, of which 18,260 are American. :speculators the comparative largeness of its cash assets , and
have taken 2.500, and exporers'3,4lo, leaving27,llo bales the Bank of London vindicated itself by obtaining
of all kinis to the trade. The import for saute time ,is a conviction of the persons who had conspired
23,461 bales, of which 13 800 are American. The quantity against its credit.
known to be at sea from American perts is about 23,000 'The following are the latest quotations of
bales. PRICES TO,DAN.
Foreign Exchanges Amsterdam, short, 11 11 163
New Orleans Fair.. S;(1 Mi thing-61 t Ordinary...s}e. to 7,5 d
Motile „ ..811 „ .81 1 „ ..6d to eel to 11 171; do. three months,lll94 to 11 191,1; Rot-
Atlantic ~ • • Std ~ ••84 1 ~ "511 13 74d terdam,2do., 11 193 to 11 1.91 ; Antwerp, do ,2535 to
The Liverpool Share Market has been steady 25 40; Brussels, ditto, 25 33 to 25 40 ; Hamburg,
to-day. The sales were limited, but full prices do., 13 84 to 13 83; Paris, short, 25 20 to 25 25 ;
were paid for the leading stocks The following do , three months, 24 60 td 25 65; Marseilles, do.,
are am -mg the transactions reported-:-London and 25 621 to 25 65 ; Frankfort, db., 119 to 1191 ;
North Western, 1021, 103 ; Lancashire and York Vienna, do ,1029t0 10 al:; Trieste, do, 10 29 to
shire Stock. 99; Manchester, Sheffield,And Lincoln- 10 31; St. Petersburg, do., 361 to 36:; Madrid
shire, 423, 421, 421, 42, 424; Midland Stock, 841 do., 481 to 49.
South Eastern and Dover, 22 •3416. The BANK OF ENG.LNI3A RETURNS.
following are the closing rates of the day :- Account, pursuant to the Act 7th and Bth Victoria, cap.
Blackburn, 73,-, 777,-; Chester and Birkenhead, 661 67 ; 32, for the Week ending. July 31, 1857.
Caledonian, 39 1-16, 39 3-16; Chester and Holyhead, e ISSUE DEPARTMENT.
head, 174, 181 ; Eastern Counties, 11 -346, 11 7-16 ; Debit. Credit.
Fast Lancashire, 96, 961 ; Do. 9/. sharee,i, 9-16 p ; issued
Notes .. £25,135,380 Government
Debt
Great Northern, 243, 243; Great Western. 60, 601; Other securities 3,459,900
Lancashire and Yorkshire Stock, 119, 901 ; De Gold Coin and
9/. shares, a, 3 p; Liverpool, Crosby, and Southpert, Bullion
191, WI; London and North Western Stock, 1021.
103 ; Manchester, Sheffield. and Lincolnshire, 421, £25,135,380 Total . ,
xd 422; Midland Stock, 844. 811; North British, -- --
112, 11 9.16; North Staffordshire, .43, xd BANKING DEPARTMENT.
44 d ; North Eastern-Berwick. 23 9-16 '23 11-16; Debit. Credit.
York and North Midland, 381, 381 ; Leeds Proprietors' ca- ' Government se-
Capital Stott's, 224, 223; South Eastern and pital
Dover, 224 22. 3-1.6 ; Scottish North Rest
'903 Other securities 18,217,524
lint ; Buit tie and Lake Huron, 41. 4 d ; Ditto New
Public Other 10,463,068 Gold and silver
Shares 4, 33 d ; Dutch Rhenish. 43, xd 41 d ; Seven days, and coin
Great Western of Canada, 213, 21-3; Ditto New other bids,. 766,489
Shares, 4 4 p ; Great Luxembourg, 7, 71; :Grand
Trunk of Canada, 131 131. Total .... £34,684,777 Total ... £34,684,777
There is not any change to notice in the position Compared with the return of the previous week, we
of the Money Market The heavy arrivals of the have the following results :-
Active circulation
precious metals during thepast week have counter-
Increase
balanced the drain which -has been made for ship- Bullion
2
rents to India and the Continent. The Consol Decrease
Market continues steady. For Money the opening Rest ....
rates were 902 to 901, and for Accouut, 901 The Increase
New Three psi. Cents were done at 904 to 911 and Seven day and other bills
Exchequer Bills 4s di.. to par. The Closing Prices Public deposits
Increase
were-Consols for Money, 903 to 902 ; do. far Increase 1,146,447
AeCOUnt, 902 to 91. New Three per Cents, 911. Other deposits
Exchequer Bills, 4s die. to 2-i premium. Increase
The transactions in the London Share Market ' Government securities 10,596,081
were very limited, but no marked change took place Decrease
sOther securities
in prices. The sales reported comprised the Increase
following :-Caledonian, 77, 774; Great Northern, _Notes unemployed
974, 081; Great Western of Canada, 213 ; Great , Decrease 693,185
Western, 604 614; Lancashire and Yorkshire, 991; The annual meeting of the Royal Insurance
London and South Western, 971,974 ; Manchester, Company was held at the offices, North John-
Sheffield, and Lincolnshire, 431 ; nidland Stock, street. tc-day, when a very satisfactory report was
Si, 814; North British, 464; Yolk. Newcastle, and presented to the shareholders. During the year
Berwick, 941, to 95 ; York and North Midland, 763, ending the 31st of June lest, the number of life
77. Subj&ned are the Closing Prices :-Caledonian policies issued was 758, assuring 391 1581, and
783, 783; Eastern Counties, 11 5.16, 11 7-16 ; East realising' premiums to the amount of 11,8641 The
Lancashire, 953, 963; Great Northern, 981 ; Ditto progress of the fire department was equally satis-
A, 92, 93; Great Western, 003, 603; Lancashire and factory; a dividend of 3s per share, and a bonus of
Yorkshire, 991. 991 ; Leeds Northern, 441, 414 ; 3s per share, free of income-tax, was declared. The
London and North Western, 103+; London and retiring directors were re-elected, and the meeting
South Western, 973. 98; Manchester. Sheffield, then separated.
and Lincoln, 421. 423 ; Midland Stock, 843, 841 ; Ape
North British, 463; ,3outh Eastern and Dover, 734. LIVERPOOL COTTON MARKET. --Auousr 7.
741 ; York, Newcastle, and Berwick, 94, 95 ; York The dubious ftectuatine state of the money market,
and North Midland, 764, 77 ; Great Western of and the indecisive news from India, have ti \d a quietea-
w
C toads. 21 213 ; Grand Trunk of Canada, 13 , i negekin. flteheenrai
luyptorna
nos
aucrticotton
vme abrekeent paring the past
1,
133 ; Oxford, Worcester, Sze, 33, 31; Dutch Rhenish, character. but holders of American, oconfidveenryt iintnitthe
41, 4. sr
soundness of their position, are very indifferent sellers,
Mr. Tredinnick, of London, publishes the and prices are same as on Friday last. Brazil and
folowing report of the Mining Market .- Egyptian very firm. Surat iel per lb down in the lower
The market for Shares in Cornish Brines, comparatively grades. The weekly sales are reported 33.020 bales, of
with most securities, manifests considerable firmness and which 2,500 are on speculation, and 3,410 for export.
activity; capitalists are now buying for investment, ate This week. ,P.ieespaid-durrt. Prices.
Import. Sales. Description. I this week Mid. Fair. Stocks.
the enormous quantity of stock recently flo Ming on the -- _ .______ _ .. _
market is fast disappearing from the tapir; this exercises Id, d. d. d.
a two-fold advantage for all associated with legitimate 366 ( 730 Sea Island .! Bto 21 15 14
enterprise,-viz, relief to the needy with inspired hope I 4700 Upland .- -61t0E4 81
.
. 2290 Mobile --74 to 82; 8/ 81' 39-840
and confidence in those already embarked ; thus supply is tile% 10340 New Orleans 5l to 1011 8,1 88$11 I
lessened and demand augmented. The position also of 1219 3080 Brazil ---'BJto 10 1 St 91 2733
1263 10S) Egyptian.- -, 9/ to 131110
the metal market is more satisfactory : Copper is ratherlol 16300
than otherwise a shade firmer, yet little change has taken j.ii;
ir51,0 West India -, 81 to - titj 81 983
0 East India -1 41 to 711 54 5/ 430.0
place in the demand for English, althangh considerable
sates (i.ffoleign have taken place ; Iron, the thermometer 23161 330 :o Total 1 454870

The market for Shares in Cornish Mines, comparatively
with most securities, manifests considerable firmness and
activity ; capitalists are now buying for investment, at d
the enormous quantity of stock recently fie ding on the
market is fast disappearing from the tapil ; this exercises
a two-fold advantage for all associated with legitimate
enterprise,—viz , relief to the needy with inspired hope
and confidence in those already eabarked ; thus supply is
lessened and demand augmented. The pssitien also of
the metal market is more satisfactory : Copper is rather
than otherwise a shade firmer, yet little change has taken
place in the demand for English, al,hengh considerable
sales of fo,eign have taken place ; Iron, the thermometer
of public opinion as regards metals generally' has greatly
strenghtened of late, and more than a fair amount of
business has been doing ; Lead is well supported, and from
prices paid for ores by smelters little apprehension of even
a remote decline is entertained by miners ; Tin, though
depressed, has not varied of late, yet the tone of the
market has an upward tendency : it is currently rumoured
in well informed circles that English smelters will obtain
little if any of the Dutch Tin unless they bid higher than
ruling prices at home.
Our Manchester letters iaform us that the
market there is quiet, but sp'nners and manufae
turers show no desire to press sales, and prices of
both Goods and Yarn remain firm. The aggre-
gate of small trails ictions, a supled with orders in
hand, are sufficiently wcielvy to uphold extreme
()octagons, and, should the Eastern houses con-
tinue long aloof from operations, a reduced pro
duetion of such fabrics usually exported thither'
or adoption of other makes, will b 3 resorted to.
The weather has become unsettled, an I much
rain has fallen during the last day or two, which
will, no doubt, interfere with harvest operations.
Nevertheless, the grain trade is very quiet. An
advance of Id. to 2d. perbushel was made on Wheat
at our market this morning. Flour was in good
request, and other artieles m tintained former
prices. There was not much business transacted
i n Wok. field, Dublin, or Belfast
The Produce Markets, both here and in London,
are tame. The saes going forward are not large.
Messrs. Pilkiegton Brothers' circular of last
evening, contains the following respecting the state
of frotghte at this port :
With the exception cif the government requirements far
troop ships and steamers, to be ten lered for to-day, the
demand for shipping is vary limited. To the East Indies
some ships are required for coals, also to. the
Brazils, the Plate, and West Coast. In home charters
small ships ran be placed from Rice ports, at 85s
per ton to U. K. or Continent, and to Liverpool one or
two ships at 753 per ton Thee() is no inquiry from
Calcutta, bu' from Bombay 603 to 623 6d per ton for Cotton
can be had, also felna Madras or a port on the Coast at
75a per ton for U. K., and from Cochin, Oil, &c., at 803.
A small ship is required, Wales to Akyab and home at £5
the round; one, Wales to Mauritius and home with Sugar
at 803 the round. From the Danube suitable vessels are
inqulred for at 13s to 13s 61 per quarter, and from Odessa
car Ksrtch 553 per ton, with option of Az )f at 103 extra.
Fssem Alexandria 63 3d to 6s Cd per quarter for Beans.
Some anxiety has been caused by the report of
a very large failure at Newcastle. It appears, how-
ever, eo have been premature, and that the house
referred to may be expected, with the friendly
forbeeraesee and co-operation of all the parties in-
iere,stei, to surmount the embarrassment in which
it has found itself. The firm in epee:ion is that
of Nessrs Carr, Brothers, and Co. They are con-
nected with ext •nsive collieries at Newcastle and
in Wales, the latter of which have led to some lock
up of capital; but, although their liabilities are:
very 1,2 r e, their ,assets gro said to be ample, and