The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-26 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Wednesday Evening.
There is no improvement to notice in the
demand for Cotton, the sales to-day being limited
to 6,000 bales, of which 1,500 were on speculation
and for export. Prices are about 1-161 per lb lower
than on Friday last.
The Liverpool Share Market was not so active
to-day, and prices of the leading stocks were barely
maintained. Towards the close, however, a firmer
feeling set in. The transactions consisted of-
Caledonian, 34, 1; Eastern Counties, 101; Lanca-
shire and Yorkshire, 1001; London and North
Western, 10:-32; Midland, 31, 4 ; North Eastern,
221,1 ; Dovers, 231,1, LI; North Union A, 2271;
Buffalo and Lake Huron, 1-1 p ; Dutch Rhenish, 1p;
Grand Trunk of Canada, 12 7-16; Great Luxem-
bourg, 10.14 ; Liverpool Royal Bank, 292 ; Lan-
cashire Insurance, par. The business done for
the next Account was-Caledonian, :341, 7-16, ;
Lancashire and Yorkshire, 101, .1-, 1; London and
North Western, 1091, a. t,,&; Manchester, Sheffield,
and Lincoln, 37Z-, A, a, 1; Midland, 85; Dover's, 23
7-16, 1, 9-16, 11; Nath Eastern, 221; Dutch Rhen-
ish, 7-16 p. The following were the closing
prices :-Blackburn, 81, ; Chester and Birken-
head, 70, 702 ; Caledonian, 341, 341; Chester and
Holyhead, 188, 18:,71; Eastern Counties, 101, 101 ;
East Lancashire, 241, 241 ; Great Northern, 231,
231 ; ditto A shares, 10, 101 ; Great Western, 681,
691; Lancashire and Yorkshire Stock. 1011, 101,1;
Liverpool, Crosby, and Southport, 19, 191; London
and North Western Stock, 1081 1091; ditto a_ shares,
3-16, -1 d ; Manchester, Sheffield, and Lincoln, 37i„
371 ; Midland Stock 841, 841 ; North British,
111, 111 ; North Staffordshire, 5, 41 d ; South
Eastern, 231, 231 ; Scottish North Eastern, 131,
131 ; North Eastern-Berwick, 221. 221; York and
North Midland, 321, 321; Leeds capital Stock,
191, 191 ; Buffalo and Lake Huron, 11, la p ; Dutch
Rhenish, 1,1 p; Great Western of Canada, 251,
251; ditto New Shares, 3, 3 1-16 p; Great Lux-
embourg, 10 7-16, 10 5-16 d ; Grand Trunk of
Canada, 121, 121. The following were the con-
tinuations paid :-Blackburn, 103,; Caledonian, is
6d. ls 9d ; Lancashire and Yorkshire Stock, 7-16, Z,
7-16 ; London and North Western Stock, 1 ; Mid-
land Stock, a ; South Eastern, is 93, is 63, 1-1.6,
even; North Eastern-Berwick, 2s; Dutch Rhen-
ish, is ; Great Western of Canada New Shares,
Is ld.

The Manchester Share Market, yesterday, was
steady, and the transactions reported were at the
following prices :—Sheffields, 371 ; Dovers, 23
5-16 ; also Leeds at 101 for the next account.
A pretty active demand continues to exist for
Money, and the full minimum rate of six per cent
is insisted upon by the discount houses. Still,
there is little to detract from the prospects of the
Money Market, external influences being encour-
aging. Large supplies of gold, in excess of silver
shipments, will do much, and the retrograde move-
movement in discounts on the Continent must
assist in restoring affairs to a satisfactory basis.
Trade is sound and quiet, while speculation is still
conducted with prudence. It is therefore felt that
increased ease would produce a wholesome effect
without stimulating incautious operations. Nearly
all of the gold just received from Australia is sent
to the Continent, but as this prevents a withdrawal
from the Bank to the same extent, it should not
be considered as an unfavourable feature. The
speculative public, as well as investors, have
operated to a very small extent in English Stocks
to-day, and prices have not exhibited any buoyancy.
There was evidently a desire to await the settle-
ment of the account before extending engagements,
and notwithstanding an improvement is generally
expected, purchasers are proceeding with great
caution. To-day there has been rather a prepon
derance of sales, which has checked the upward
tendency that might otherwise have been produced
by the gold arrival from Australia, and the result
of the debate on the Budget. There is nothing
to influence the market unfavourably, but still it
does not flourish, probably on account of the large
quantity of stock with which it is burdened.
There was not much doing in ConsOls. which
opened to• lay at 932- to for Money, and 931 for the
Account—closed at 931 to for the former, and 931
to 94 for the latter. The latest non-official quota-
tion was 933 to 94. The New Three per Cents, 941,
and Exchequer Bills, Ito 3 pm. Bank Stock,
218 to 220.

In the London Railway Share Market there, was
a degrv,e of buoyancy in the morning, but towards
the close it became weak, and prices declined ; not,
however, to a lower point than those current yes-
terday. The closing prices were :-Ambergate,
Nottingham, and East Junction, 41, 40; Caledonian,
68/, 691 ; Edinburgh an .1 Glasgow, 561, 571 ; East-
ern Counties, 10*, 101 ; East Lancashire, 981, 991 ;
Great Northern, 94, 95 ; ditto A, 813, 823 ; Great
Western, 681, 69 ; Lancashire and Yorkshire, 1001.
101; Leeds Northern, 191, 203 ; London and North
Western, 1081, 1083 ; London and South Western,
105, 1051 ; Manchester, Sheffield, and Lincolnshire,
373 ; Midland Stock, 841, 811; North British, 44i,
453 ; South Eastern and Dover, 773, 783 ; York,
Newcastle, and Berwick, 88k, 89* ; Great Western
of Canada, 25*, 251 ; ditto, New, 21, 2* ; Grand
Trunk, 128, 121 ; Great Southern and Western,
111, 113 ; Mexicans, 211, 223 ; Northern of France,
673, 671 ; Paris and Strasburg, 321, 321; Paris and
Lyons, 563, 564 ; Russian, 109, 111 ; Scottish (North
Eastern) Aberdeen, 261,271; Paris and Orleans, 55,
57; Western of France, 32, 33; Central of France, 4,
41 ; Geneva, 10, 101 ; Bczieres, 33, 4 ; Ardennes,
2, 3 ; Sambre and Meuse 81, 8/ ; Namur and
Liege, 8/, 9 ; Great Luxembourg, 61, 6;!'i ;
Antwerp and Rotterdam, 6 ; Dutch Rhenish,
; Lombardo-Venetian, 61, 61. After offi-
cial hours, business was transacted at the
following rates :-Caledonian, 69, 691 ; Eastern
Counties, 101, 101 ; East Lancashire, 99, 100; Great
Northern, 941,4;53; Great Northern A., 811, 821.;
Great Western, 69, 693; Lancashire and Yorkshire,
1013, 1011 ; London and North Western, 194 1093;
Manchester, Sheffield, and Lincolnshire, 37, 373;
Midland Stock, 851, 853; North British, 443, 453;
South Eastern and Dover, 781, 791 ; York, New-
castle and Berwick, 89, 90; York and North
Midland, 611, 65.
The general Produce Markets are very firm, with
sales to a fair extent. To day Sugar met with a
good enquiry, and prices were well supported.
The determination of the Chancellor of the
Exchequer not to modify his scale of tea duties in
compliance with the wishea of the importers and
speculators, has not had much effect on the market
prices of that article. Business, however, is
temporarily very dull, as the dealers, who alone
would have benefited by the reduction of the 7d
originally intended, are somewhat perplexed.
It is generally believed that if the wiles of the
deputation had been met, the consumer would
have derived no advantage, as the prices would
still have been kept up by the holders. The Grain
trade is dull, with very little doing, and prices,
with the exception of superior qualitie of Wheat,
exhibit a declining tendency.
We take the following from Messrs. Browne,
Hunter, and Co.'s East India, circular, issued
yesterday :-
Considerable activity has prevailed during the past
month in all departments of business, and as the deliveries
of most articles of consumption continue large, and stocks
reduced, prices have not only been fully maintained, but
in many instances have further advanced. Under such
circumstances caution i 3 naturally suggested in sending
out orders, lest a reaction take place by increased
imports, which are likely to be encouraged by high prices.
The Chancellor of the Exchequer brought forward his
Budget on the 13th instant, whereby, instead of remitting
the inored,ind duty imposed in April, 1855, of 3s per cwt
on Sugar, and of 3d per lb on Tea, to meet the extra
expenditure for carrying on the war, he proposes to
reduce the Income Tax from is 4d to 7d in the pound,
and to adopt a new scale of duties on Tea and Sugar for
four years as follows :-The duty on Tea, now rated at
is 9d, to be reduced, from Nth April next, to is 7d; in
1858, to is 5(1; in 1859, to Is 3d; and, subsequently, to
Is per lb. On refined Sugar, the present duty on which
is 20s, to be reduced, from sth April next, to lBs 4d ; in
1858, to 16s 8d ; in 1850, to 15s; in 1860 and subsequently,
to 13s 4d per cwt. The duty on brown Sugar, now at
13s 91, to be reduced in like manner annually to I,tts 83,
ll.s Bd, 103 7d, and ultimately to remain at 9s 6d per
cwt. On yellow Sugar, now at 15s, to undergo a reduction
within the same period to 133 10(1, 12s 91, lls Bd, and 10s
6,1 per cwt. These projected alterations in the duties
have not vet been passed, and there is much
dissatisfaction expressed by the trade, in consequence of
Government departing from the Act of 1.855, by which the
additional duty on Sugar was to be reduced in two years
after the termination of the war. these frequent changes