Northern Times.
Liverpool, Merseyside, England, 1857-10-16 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Thursday Evening.
In the Cotton Market to-day, the transactions
were very moderate indeed, less than on any one
day for years past, but holders not pressing, sales
have been pretty well maintained. The sales were
only 1,000 bales, all to the trade.
The Liverpool Share Market opened with firm-
ness to-day, but was several times affected, by two
failures announced as having occurred in the
London Stock Exchange. Caledonians varied
most, to the extent of £1 per share. After minor
fluctuations in the Stocks, the market closed
steadily. The fall, wine were the day's transac-
tions :-Caledonian, 391, 40, 391. 391-, 391, 40,
39k, 398, 38i, 39, 39k, 39 ; Great Western, 52 ;
Lancashire and Yorkshire, 921, 921 c, 93, 921, 93,
921; London and North Western, 954.953,-,, 951 c,
951; London and bouth Western, 89 ; Manchester,
Sheffield, and Lincolnshire, 371, 374, 371, 37, 374.
37 ; Midland, 831, 80-1 81,t, 81, 801 ; North
Eastern, 22-1 221, 22f ; G. N. E. purchase, 21 e d ;
Davers, 18/, 18 11-16, 181. 18 13-16 184 18 11-16 ;
Grand Trunk of Canada, 10 1-16 ; Great Western
of Canada, 181 ; North Uaion A, 22 c ; Liverpool
and London Fire and Life, 8i p. The following
were the closing prices :-Blackburn, 74,, 7a ;
Chester and Birkenhead, 641, 641; Caledonian,
39, 391 ; Chester end Holyhead, 141, 15 ; Eastern
Counties, 101, f 01; East Lancashire, 90, 90k; do.
9/. shares, 1, 9-16 p ; Great Northern, 231, 24 ; do.
A shares, 101, 101; Great Western, 52, 521; Lanca-
shire and Yorkshire Stock, 92/, 925; do. 91.
shares, a, 4 p ; Liverpool Crosby, and Southport,
18a, 181; Landon and North Western Stock, 958.
95; ; Manchester, Sheffield, and Lincolnshire, 371.
3:1 ; Midland Stock, 801, 1101 ; North British, Ili,
111 ; North Staffordshire, 4a, 4d ; North Eastern
-Berwick, 22 9-16, 22 1116 ; York and North
Midland, 38/, 39 ; Leeds Capital Stock, 248, 241 ;
South Eastern and Dover, 181, 18 11-19 ; Scottish
North Eastern, 11, 12; Buffalo and Lake Huron,
15.1 51 d ; do. new Shares, 51, 51 d ; Dutch Rhenish,
41: d ; Great Western of Canada, 178, 181 ; do.
new shares, 21, 21 d ; Great Luxembourg, 58, 61;
Grand Trunk of Canada, 10 1-16, 101.
The Funds today have experienced severe varia-
tions, but, upon the whole, the tendency has been
upwards. On the announcement that the weekly
meeting of the Bank of England had broken up
without declaring a fresh advance in the rate of
discount, the market immediately received a father
stimulus. Speculation was checked, however,
through a dasire to wait further intelligence from
America. The arrival of the Ariel is anxiously
expected, as her advices are likely to produce an
important,- effect, not only in Stock Exchange
circles, but among the commercial public. Consols
for Money closed this afternoon at 871 to 871, and
for the Account at 88f to 88/ ; the New Three per
Cents were quoted at 871.
The London Railway Share Market opened
quietly this morning, but attained a decided
buoyancy on the commencement of the breaking
up of the Bank Court. Three failures on the Stock
Exchange have been announced, but they are not
of an important character. The following were the
closing prices :-Caledoniar, 781 781 ; Eastern
Countiee, 10f, 108 ; East Lancashire, 89, 91 ;
Great Northern, 93, 94; Do. A, 84, 86; Great
Western, 521; Lancashire and Yorkshire,.92l,
93; Leeds Northern, 48, 49 ; London and North
Western, 93/, 96 ; Manchester, Sheffield, and
Lincolnshire, 37, 38 ; Midland Stock, 801, 81 ;
North British, 461, 471; York, Newcastle, and
Berwick, 901, 911; York and North Midland, 761;
Grand Trunk of Canada, 91 10; Great Western
of Canada, 181, 191 ; ditto New, 21, if.
After official hours, the following were the
nominal prices :-Caledonian, 77k, 78 ; Eastern
Counties, 101, 101; East Lancashire, 89, 90 ;
Great Northern,. 93, 94; Do. A. 86, 88; Great
Western, 511, 52 ; Lancashire and Yorkshire, 921,
93; London and North Western, 961 Manehes•
ter, Sheffield, and Lincolnshire, 37, 38 ; Midland
Stock, 81.1 e North British, 461, 47f; South Eastern
and Dover, 611 621; York, Newsastle, and Berwick,
91, 92 ; York and North Midland, 77/. 78-1
Respecting the Money Market, Mr. Tredinnick,
of London, in his circular of yesterday says,-

Conaiderablo business has been done in Pendeen shares
at 25 to 2i. The prospects are good; and as the reports
in circulation have been questioned, the works were lately
inspected by acknowledged mining authorities, and it is
ertisracrory to record that they arit fully u.Auflimed. cuu-
durrow also is improving, though the shares do not advance
in price. East Tolgus are buyers at £6O, with a total
absence of sellers. At North Grambler the lode at the 50
yields fine stones of ore, and Penstruthal looks better
eastward. Great Alfred sold last Thursday .£1,203 worth
of copper ore, the produce of one month. The various
levels westward a•e looking► better, and the next sampling
is ca'culated at £1,500. At the Vale of Tuwey Field's
shaft loots better; the lode contains a branch of ore six
inches solid. At St. Day United a stope shove the 124
is valued for tin at £BO per fathom ; two ends at Wheal
Unity, one of the companb's mines, are valued at £3O per
fathom each for copper. Poldiee is also looking better;
these nines now, amalgamated under one management,
with ruling prices of metals, ought to pay regular and
substantial dividends..
He also remarks—

The prospects of several progressive mines having im-
proved considerably during the past month, infused addi-
tional spirit into mining securPies ; in fact, amongst spe-
calative investments, they take the lead, atid, in several
instances, the late rapid rise in market value has been sus-
tained.

There is little or no change to notice in the Grain
trade. The demand for Wheat and Floar remains
slack, and, with the exception of the finer_ qualities,
prices are lower.

- The Produce Markets are dull. To-day Sugar
sold at a decline of 2s per cwt on former transac-
ti'ns. Rice, do ,„ is difficult of sale, except at
lower prices. _

Asa favourable feature we remark that, although
the continental demand for gold continues, the
Bank yesterday bought about 70,0001. of the gold
ex the Red Jacket, the rest being taken for exporta-
tion. This purchase will form a partial set-off
against the withdrawals of sovereigns in connection
with the payment of the dividends and for other
purposes. It is also remarked with satisfaction
that the shipments of specie by the steamer Baltic,
which left this port yesterday for New York, do
not exceed 80,0001. sterling. Larger shipments
are expected to be male by the steamer which
will sail at the end of the week, policies of insur-
ance to a considerable amount having been opened
but it does not necessarily follow that the whole of
the gold to which they refer will go.
On the Continent, the value of money is still
f.sing, and universal pressure prevails. The Bank
of Holland, which raised its rate of discount at 51
per cent. on the Bth inst., has now raised it to 6
per cent. At Antwerp the Bank has raised its
terms from 3i to 41 per cent. Letters from Paris
describe an excessive demand for money at the
advanced rate just announced by the Bank of
France, viz , 61 per cent.
The shares of the Bank of France have risen
50f, but the sum representing the profit obtained
on the half per cent. over 6 per cell% is not to be
distributed as dividend, but carried to the reserve.
_ _

The failure is announced of Mr. Hugh Ferguson,
stuff merchant, of Manchester and Bradford, with
liabilities estimated at P bout £40,000. The rumour
was freely circulated yesterday that a well-known
firm at Manchester has suspended payment, but i
was erroneous. Too much caution cannot be exer
cised at the present critical
,juncture in giving
currency to the prejudicial reports which are flying
about, as is demonstrated by the contradiction just
given to the statement of the suspension of a
certain film at Glasgow.
In addition to 00;0001. mentioned yesterday, a
VIM of 9,000/. iu Russian half imperials has reached
London from St. Petersburf,4,ll Per steamer Lucien,
and has been bought for the Continent.
As there are no advices from China by the pre-
sent mail, sc..nie,•of the silver which it was proposed
to ship by the packet of the 20th iust. may perhaps
be held back.

At Paris the exchange on London maintains the
more favourable appearance lately noticed. At
J. msterdam, however, the tendency is rather down-
wards. At Paris on Tuesday, the exchange on
London was quoted at 25.20 to 224 for short, and
24.80 to 82i for three months bins ; at Amsterdam,
11.724 for short ; at Hamburgh, 13.41 forshort, and

13.01 for three months ; at Berlir, 6 173 ; and at
Vienna, 10.111.
The half-yearly meeting of the Recife and San
I?rancisco Pernambuco Railway Company was held
to-day, R. Benson, Esq., in the chair. The chair-
man introduced the report, which briefly states that
the works were proceeding, and the line expected
to be opened by the 2nd of December, the anni-
versary of the birthday of the Emperor of Brazil,
when a discussion took place, in which several
complaints were made of the slow progress of the
works, but the chai:man replied satisfactorily. The
report was then adopted. From the accounts, it
appeared that the bilailco i❑ favour of the company
was 96,596,1701. in England, and the sum already
expended on the works, 342,000!.

LIVERPOOL COTTON 14.i.11,10ET.—Ocr. 15.
The cotton market to-clay has been extremely quiet,
but with the greatest iuliffereuce about realizing, prices
chew little or no change. The sales—including 10 Pernam-
bucos 1011, 250 Surats 611 to 83—are reported 1,000 bales
to the trade,