Northern Times.
Liverpool, Merseyside, England, 1859-08-15 00:00:00

RAILWAY

Amb. Not. & E.J.
Caledonians . 82,
Dutch Rhenish..
Eastern Counties 561
East Lancashire. 94 95
Edinbgh. & Glas. 73 4
Great Northern-1001 1014
A. 82 83
591
141 q

Gieat Western

V. of C

Gd.Tk. of Canada 84
Gt. S. 'and W. . . 106 108

LIVERPOOL STOCK E)

ng prices on Saturday :
North Staffordsh. 4, xd
N. E. Ber. c. Stck 88-Ixds9
York capital Stock 71 xd 711
E. L. Stock .... 941 951 Leeds Stock . . 431 xd 43a
G. N. Stock .. . . 100 102 S. Eastern .. •221 22 6-16
Great Westerns 571 xd 581; Dutch Rhenish .... 5/ 50
Lan. and York. . ..95 951 Gt. Luxem. 61 xd 6a
Lon. & Nor. West.. 931 94 G. T. Canada _. . 8 8-§-s
„ ,i-shares . 1 5-16 lid G.W.Canada.. . : 141 144,
M. S. and Lincoln 351 36 „ new shares 6 51d
"Midland Stock ..1044 1044 Lomb.-Venetian 21p
Nor. British Stock 57 57-4 „ new shares 21- 28p

The following were the closi
Ches. & B'head
Caledonia Stock

76 761
82 821

LIVERPOOL COTTON MARKET

AUGUST 13

The Cotton Market continues very inanimate, and with
plentiful supplies, prices tend to favour buyers. The sales
including 40 Pernambuco, 91d.; 350 Egyptian, 8441. to 81d.;
500 Surat, 6d. to old, are reported 6,000 bales, of which
1,500 are on speculation and for export.

-,-*----

HOW THE PEACE AFFECTS COMMERCE
IN NEW YORK.

The late peace is popular or unpopular with commercial
men as they happen to be interested in the continuance of
war on one side, or in the conclusion of peace on the other.
When the war was commenced there was one class o
merchants who supposed that it would have a duration o
several months, if not of a year or so, and that there was
possibility of its becoming general over Europe. Hem
they speculated largely in those articles usually advance
in val lv q.ltpetrP

—ue by the advent of war, such as sa. , nas
Mores, rice, flour, certain kinds of provisions, rags, &c
and some assorted cargoes, composed chiefly of coal, flou
and tobacco, were sent on ventures to. Marseilles and Gehot
It is plain, therefore, that that class of merchants woul
ndemn ft- - 'ts rest ,tion,

cou, .he peace ; because ooral oy rectum,
the price of saltpetre and other articles enhanced by th
war, will result in heavy losses, ending in a revulsion, so fa
as they are concerned.

There is another class of merchants whose movements in
the regular paths of trade were not departed from on the
ccurrence of war, including those who held on to cotton
during the depression, with shipowners and others. These
are highly gratified at the return of peace, and have strong
faith in its continuance for two or three years to come at
least. Those who sold out cotton during the war at heavy
losses, heap abuse on the French Emperor for having com-
menced it, while those who purchased it at low prices and
held on to the conclusion of peace, praise him for having
made it.
In spite of the war and individual losses sustained here

he more

.dens, t

ton year a

1858-59 (ending Ist of September next) will prove one of
the most prosperous and -remarkable in the history of the
country. The crop, estimated at 3,700,000 bales, is the
largest ever grown in the United States, and estimated at
the average value of about $5O per bale, it amounts to the
enormous sum of $185,000,000.
The crop, so far, has been distributed as follows :
Estimated crop, 3,700,000 bales. Quantity exported to
July 25 :

To Great B Bales. Value.
To France ritain 1,935,000 $96,750,000
424,000 21,200,000
To other foreign ports
Stock on hand 171,000 8,550,000
Taken by American manufacturers 594,000 29,700,000
To be received to Ist September 39,000 1,950,000

`Total 3,700,000 $185,000,000
Some suppose that the present growing crop of 1859-60
may reach four million bales, or three hundred thousand in
iiste d
wrilo world
excess of the present crop. If so, atwndoattohecocmiv
be
eocuolnsd
umkeeepdaat
at remunerative
foraner atiyveearprlr ces.
Somebelieve, how-
ever, that the present supply: of labour devoted to the
culture of cotton will not be able to carry the yield'up to
four million bales, and few or none consider that the
growth can be pushed-much, if any, above that amount for
some time to come, without some augmentation in it beyond
the ordinary ratio of increase.
There is another class of merchants discontented with the
peace,. and these are the importers and dealers in rags and
paper. On the advent of the tv
ar , importers calculated on
an advance, owing to the blockade of the Austtian ports of
the Adriatic ; and many of them held their stocks for higher
prices. Papermakers and dealers were also looking for
higher prices from the . scarcity of rags. The advent of
peace has, of course, upset their calculations, and they,
too, have reason to condemn it. Rags and paper now pro-
mise to be eheayer than ever, as the supply of the former
will be largely increased from the battlefields of Montebello,
Magenta, and Solferino. Bullets and bayonets make sad
work with both whole skins and whole clothes. After the
conclusion of peace with Russia, immense quantities of rags
were gathered in the Crimea and sent to market, where they
rpmer
aot
cdhhue ct tracksehde asecaoonpfsoitrdhteser
of
fbwltoeh
that
atetecel
country
grand nu entirny par in armies
etse .1 Th e ra g s gath e re d
will
prices
so. that one good effect among others g rdi
onwt c!i
nt:ge dyouuw
te
of the
peace will be a larmer supply andcheaper •
„ paper, an impor-
tant element in the progress of modern ci at vas •
York Herald. lon.—New

TO CORRESPONDENT'S

We should be glad to hear from "Tim
.13ebbin," as proposed

We must respectfully decline W. D.. 5.; as the matters be refers to
arc scarcely fit subjects for criticism by the secular press.

Under no eirounuttances can we insert communications not accom-
real name and address, not necessarily for

oanied by the author

publication, but as a vaiaatee of good faith

acoura.ged on matters of public inter

ide,ofthe paper only, and con-

taro (in confidence) the 4/titer's name and addrea