The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-27 00:00:00

MONETARY AND COMMERCIAL,

LIVERPOOL, Thursday Evening.
'the Cotton Market remains in much the same
state as previously reported. To-day, there was
a moderate demand at steady prices The sales
reported, were 6,000 bales, including 1,000 on
speculation and for export.
The Liverpool Share Market opened very
strongly to day, afterwards went easier, but was
strong again at the close. The sales consisted of
Blackburn, 8 11-16; Caledonian, 341, 5,41 f, 1,
, Eastern Counties. 10 11-16, -,T; East Lan-
cashire, 100 ; Lancashire and Yorkshire, 1011,
'41,, a, 1, -I, ; Lancaster and Preston
shares, 211 ; London and North Western, 106;1.
-1, Z-; do. 4 shares, 316 d; Manchester, Shef-
field, and Lincoln, 371, ; Midland, 851, 1,
-
4; North British, 117,; North Eastern, 22; Leeds
Capital Stock, 204- ; Scottish North Eastern, 1.44;
Dover's, 221 1, ; North Union A, 225 ;
Dutch Rhenish, 'ti'• p. ; Grand Trunk of Canada,
12i ; Great Luxembourg, 10 5-16, id ; Great
Western of Canada, 25g. 1, ; Bank of Liverpool,
221, A; Liverpool and London Fire and Life, 6,14-p ;
Royal Insurance, 34p. The following were the Closing
prices :-Blackburn, Blackburn Si-,4 • Chester and Birken-
head,r,.. , , ,
70, 70.1 ; Caledonian, 31, 34a; Chester and
Holyhead, 181, 181; Eastern Counties, 109, 101;
East Lancashire, On, 100 ; Great Northern, 23i,
234 ; ditto A shares, 10, 10§, ; Great Western, 671, ad
68; Lancashire and Yorkshire Stock, 1014-, 1011;
Liverpool, Crosby, and Southport, 19, 191; London
and North Western Stock, 106}, xd 1061;
shares 3-16, xd -kd ; Manchester, She Lid, and
S 4
Lincoln, 371, 3n- ; Midland ock 85, 851 North
British, 11f, ; North Staffordshire, 5;, 41, d;
South Eastern an c 3 Nveri 23 11-16, 231 ; Scottish
North P;astern, 14, 14k; North Eastern-Berwiek,
21 dO9 • York and North Midland, 32, xd 321;
"Leeds capital Stock, 201-, 20k ; Buffalo and Lake
Huron, 11, 1-4 p ; Dutch Rhenish-, p; Great
Western of Canada, 24 251; ditto New Shares,
3, 38 p; Great Luxembourg, 10 5-16, 104 d ;
Grand Trunk of Canada, 1242, 121.
The Manchester Market was firm to day at the
following prices :-Leeds Northern, 20 ; East Lan
cashire, 25 ; Sheffield, 371, I; London and North
Western, 106-1 ; Dover, 23 13-18 ; Leeds, 1018.
In the Leeds Market the prices paid were,-
N. E. Leeds, 23 ; Leeds and Liverpool Canal, z'.9o ;
N. E. Bennetts, 22 7-16.

The settlement has pa4Sed off well. Owing to
the dearness of money the dealers have exacted
high rates for " carrying over," but values have
been enhanced, thus showing confidence in the
future, as the sales, or closing of engagements,
must have been of a very limited character. In
the Consol Market business has been almost at a
stand, the variation from the commencement to
the close not having exceeded k per cent. There
is manifestly a very apathetic feeling, which is
somewhat remarkable at a time when so many
favourable symptoms in monetary affairs are pre-
sented. The public, perhaps, are desirous of
awaiting the settlement, which is fixed for the sth
proximo, and defer operating until then, as in the
interim there is every probability of the discount
market not being faVourable, owing to the pressure
that will arise from the payments of the " fourth"
of the month. The demand to day has not been
so active, and some slight speculation has therefore
to be noticed in the general Market for Stooks Bro
Shares:

The Consol Market has not much changed.
Prices opened at 931 to 934 for money, and 94 for
the account, and closing at the same rate. The
quotations after official hotirs Were still the same
figure.

The London Share Market was very firm to clay;
• but towards the close became rather weak, and prices
of theold shares closed at a decline °riper cent. The
closing quotations were as follows '.-----Ambergate,
Nottingham, and East Junction, 44, 41; Caledonian,
69, 69k ; Edinburgh an .1 Glasgow, 561 571 ; East-
ern Counties, 104, 10,34 ; East Lancashire, 99, 100 ;
Great Northern, 95, 96 ; ditto A, 82, 83; Great
Western, 69, 694 ; Lancashire and Yorkshire, 1011,
1014; Leeds Northern, 201, ; London and North
Western, 1094 b 1091 ; London and South Western,
105 1, 106 ; Manchester, Sheffield, and Lincoln-
shire, 374-, 38; Midland Stock, 844, 85; North
British, 454, 464 ; South Eastern and Dover,
784, 792; York, N7eWeastle, and Berwick, 891,
904 ; York and North Midland, 65, 66. The
,busines transacted after official hours, was at the
following rates :-Caled6nian, 681, 69k ; Eastern
Counties, 104, 10k; East Lancashire, 99, 100; Great
Northern, 95, 96; Great Northern A., 82, 83; Great
Western, 694, 694 ; Lancashire and Yorkshire,
1014, 1011; London and North Western, 1091, 1093;
Manchester, Sheffield, and Lincolnshire, 374, 38;
Midland Stock, 83, 854; North British, 45, 46;
South Eastern and Dover, 741,-, 791 ; York, New-
castle and Berwick, 894, 904; York and North
Midland, 65%, 651.
On the application of Messrs. Fernie Brothers
and Co., Liverpool, Lloyd's Committee of Shipping
have postponed the application of the rule requir-
ing new ships, built in the colonies, to be fitted
with the iron knees and riders prescribed by the
rules, prior to proceeding to sea, from I.st July to
the Ist January, 1858, thus allowing the colonial
shipbuilders an additional six months to get off
the ships now on the stocks, and which may be so
far advanced as to render the more early application
of the rule inconvenient. •

The Commercial accounts from the United
States, received by the Alps, arrived here this
forenoon, do not vary muclefrom those previously
received. The New York Money Market was rather
more stringent, the departures of Specie for
the Southern ports being very large. The
Cotton Market was very firm, and prices
had advanced Zo per lb In Breadituffs a
moderate business was going forward, and prices
in the whole were very firmly maintained. Other
articles were not much in demand without change
in quotations. Freights were steady.
According to the telegraphic despatches received
in advance of the Overland Mail, the exchanges at
Bombay and Calcutta have become rather more
favourable. Some of the private messages quote
the exchange at Bombay 2s 2d, and at Calcutta
2s 20, being id to id below the rates reported by
last mail. The quotations at Hong Kong and
Shanghai present no important change.
It is at present estimated that the shipments of
specie and bullion to India and China by the Indus
on the 4th of March will amount to about 800,0001.
The disposition to ship silver to China has latterly
increased. It remains to be seen what effect the
delivery of the letters from the East will produce.
The Indian Government has opened a new five per
cent loan for three crores of rupees, or say three
millions sterling. Some parties are disposed to
think that this financial operation will ultimately
strengthen the market for silver.

---
The committee of the London Tea Trade, con-
sidering that the trade have great cause to complain
of the course pursued by the Chancellor of the
Exchequer, are making the most strenuous
endeavours to defeat his propositions respecting
the duties. The government have refused to
accede to the compromise offered by the trade,
which, however, is to be supported by Lord John
Russell, who intends to move an amendment to the
Chancellor's resolution. The following circular
has been issued by the committee.
The committee of the London tea trade beg to inform
you that a reply was yesterday received from the
Chancellor of the Exchequer, in which he declined acceding
to the proposal of a duty of Is 4d per lb. for three years,
but intimated that the responsibility of any such conces-
sion must rest with the House of Commons. The very
moderate and reasonable proposition of the trade having
been thus rejected by government, it becomes the duty of
all who are interested in this question to urge upon
their representatives the necessity of giving their votes
in favour of an amendment on the budget which will
be moved in the House of Commons in committee
of supply. Lord John Russell will bring forward the
proposition which has been rejected by the Chancellor of
the Exchequer; that proposition has been supported by
up wards of one hundred petitions presented to the house ;
but in order to ensure its success when brought to the vote,
every exertion will be requisite on the part of individual
members ; and you are earnestly requested to use your
influence, either by letter or deputation to your represen-
tatives.

The annual meeting of the London Victoria
Dock Company was held to day. The report
stated that the number of ships which entered the