Northern Times.
Liverpool, Merseyside, England, 1857-10-17 00:00:00

PRICES TO DAY.

New Orleans Fair.. fit 1 Mi Idling —914 Ordinar,...l3d to Sil
Mobile ~ • • 9isl ~ .9i 1 ~ ..7d to 84.1
Atlantic ~_ ..9)}l . ..91 ~ ..60d to 8d
Total taken for C‘ms'ptim.lBs7 1,668,139 bales.lBs6 1,743 470 bales.
Export ta ~ ctn.d) .. ..223,L02 ~ .. 198 703 ~
•
American Brazil Egyptl,n E India W ln, is Total
Stock this day .1 3,510 19,19 P 4,770 122,830 8:3 311 1110
Same time 1856.459,590 33,420 50,270 54,510 .9 0 511,720

Messrs. Kershaw and Jardine, in their circular
s evening, say :
The further advance of the rate of interest to 7 per cent.
at the Bank of England on Monday last, coupled with the
unsettled and unsatisfactory condition of the Money Market.
both on the Continent and in America, had the immediate
effect of checking exten-ive operations on the part of the
trade, and also speculators, a‘ho were prepared to buy
largely, in consequence of the news per Persia being con-
sidered highly hvourable for holders, and which would
undoubtedly have resulted in a further advance ; since
that day, however, our market has been in a state of
collapse, the daily sales being smaller than for many years
past, yet without materially affecting prices, excepting in
the lower descriptions of American and Surat, which are
about * per lb down. In all long stapled kinds the inquiry
has been extremely limited, and prices remain unchanged.
Messrs. Leitch, Harrison, and Forward, state
th

The American monetary advices have spin interrupted
the natural action of the trade, and have led to operations
by consumers be.ing reduced within the smallest compass,
so much so, that for two days, the 14th and 15th inst , only
3,600 bales changed hands, and the total sales of the week
are only 25,000 bales, including 9,500 to speculators, and
1,500 for export, leaving cnly 14,000 bales for the trade.
The Liverpool Share Market opened with
increased firmness to-day, and there was a marked
improvement in the value of Eastern Counties,
Dovere, Great Western of Canada, and Grand
Trunks ; the heavy Stocks, also, were better. After
some fluctuations, we closed quietiy, not at
the best quotations of the day. The transactions
were as follows :-Blackburn, 71; Caledonian, 39/,
391, 391 ; Eastern Counties, 11 Great Western, 52i;
Lancashire and Yorkshire, 981, 931, 938, 932, 934 ;
Lancaster and Preston, 342 ; London and North
Western, 90, 96/, 964, 94 961, 961, 9EI, 961, 961.-
961; Manchester, Sheffiel.i, and Lincolnshire, 381
374, 384; Midland, 811 81/, 814 82, 811 ; North
British, 111 ; Leeds Capital Stock, 214 ; Dovers,
188, 19, 18 1546, 19, 18 15-16 181, 18 15-16; Grand
Truck of Canada, 101, 10 7-16, 104, 104, 101, 10
7-16 ; Great Western of Canada, 184;
Royal Insurance, 34p. The following were the
closing prices :-Blackburn, 71, 71 ; Chester and
Birkenhead, 641, 644; Caledoniar, 394. 394;
Chester and Holyhead, 144, 15 ; Sastern
Counties, 104, 11 ; East Lancashire, 90, 904 ;
Do. 9/. shares, 4, 9-16 p; Great Northern, 234, 24 ;
Do. A, 101, 102; Great Western, 52, 521 ;
Lancashire and Yorkshire Stock, 931, 93/ ; Do. 91.
shares, 4. Q p ; Liverpool Crosby, and Southport,
18e-, 184; London and North Western Stock, 96,
961; Manchester, Sheffield, and Lincolnshire, 37,4
38; Midland Stock, 819, ; North British, 114,
12 ; North Staffordshire, 44, 4d ; North Eastern
- Berwick, 221, 224 ; York and North
Midland, 381, 394 ; Leeds Capital. Stock, 241, 241 ;
South Eastern and Dover, 18 15-14,19 ; Scottish
North Eastern, 11, 12; Buffalo and Lake Huron,
54 .1; do. new Shares, 53, 51 d ; Dutch Rhenish,
44, 41 d ; Great Western of Canada, 184, 181 ; do
new shares, 24, 2 d; Great Luxembourg, 6, 81;
Grand Trunk of Canada, 103, 10 7-16.

The weekly Traffic Returns, received up to this
afternoon, are as follows :-Bedale and Lehurn
1281; Belfast and Ballymena 1,1951; Birkenhead,
Lancashire, and Cheshire 3,122/ ; Caledonian
14,5751; Chester and Holyhead 7,2.29/; Cork and
Bandon 309/; Cork, Blackrock, and Passage 2581;
Deeside 2671; Dublin and Belfast Junction 1,4231;
Dundee, Perth, and Aberdeen Junction 1,0921;
Dublin and Drogheda 1,6151 ; Dublin and
Wicklow and Dublin and Kingstown, 1,751/ ;
East Anglian 9591 ; Eastern Counties and
Eastern Union 26,8541; East Lancashire ti 377/;
Edinburgh and Glasgow and South Dunferm-
linel,23ll; Edinburgh, Perth, and Dundee 2,9691;
Glasgow and South Western 7,7271 ; Great
North of Scotland 1,4511; Great Northern 26,540/-
Great Southern and Western 7,9491; Great Western
28,8511; Kendal and Windermere 3501; Lancaster
and Carlisle 7,7761; Lancashire and Yorkshire
23,9881; Llanelly Railway and Dock 450/ ' •
London and Blackwell 1,3901; London, Brighton,
and South Coast 16,9371; London and North
Western 66,4801; London and South Western
16,5251; London, Tilbury, and Southend 1,7641;
Manchester, Sheffield, and Lincc•lashire 11,9231;
Manchester, South Junction and Altrincham 1,6011;
Marypart and Carlisle 9911; Midland 34,6001;
Midland Great Western 6,1101; Newcastle etnd
Carlisle 3,646 ; North British 5,808/ ; North
Eastern 37,734 ; North Staffordshire Railway
and Canal 8,1161; North Western 9521; Oxford,
Worcester, and Wolverhampton 4,7261; St. Helen's
Canal and Rdilway 1,6161; Shrewsbury and Bir-
mingham 1,6451; Shrewsbury and Chester 3,0691;
Shrewsbury and Hereford 1,7651; Scottish Central
8,2671; Scottish North Eastern (late Aber-
deen) 3,4151; South Devon 2,9441; South
Eastern 21,1341; South York and River Dua
2,8511; South Wales 7,5481 ; Ulster 1,5081; Vale
of Neath 1,8011; Warrington and Stockport 373/;
Wa!erford and Kilkenny 3851; West Hartlepool
Harbour and Railway 3,5661 ; Whitehaven
Junction 5211 ; Blackburn 1,0211 ; Bristol and
Exeter 1,857/; Taff Vale 3,9711; Buffalo and
Lake Huron 1,0941; Dutch Rhenish 2,7581 :;
Grand Trunk of Canada 9,8951; Great Luxem-
burg 1,0471; Great 'Western of Canada 11,0381
Sambre and Me se 1,119.
The Funds opened this morning with a dull
appearance, buafterwards attained a decided
advance, and are quoted 9 per cent. higher than at
four o'clock yesterday Large arrivals of Gold
have assisted in strengthening the impression that,
for the present, at least, the worst of the monetary
pressure is over. The total value of the remit-
tances by the Royal Charter and the King Philip
exceed half a million. Messrs. Leitch, Harrison,
and Forward, in their circular, make the following
important remarks. upon the state of mercantile
affairs. and we need not apologise to our readers
for occupying so much space in consequence.
They say :-
The past week has been one of considerable anxiety in
commercial circles here, occasioned chiefly by the advises
brought by the Persia to the 30th alt. , These advises
showed the further progress of the commercial avalanche
in America, which after overwhelming the Roalway and

Stock speculators, with whom it chiefly originated, had
swept down a large number of Banks and commercial
houses, and was interrupting the efforts of many solvent
traders to make remittances to this country. A. general
stoppage of Amer:can overdue remittances is always a
fruitful source of embarrassment and alarm on this side,
and coming at a time when our Indian troubles, and the
consequent suspension a trade to that quarter, had
rendered the public mind sensitive to unfavourable
influences of any kind, considerable uneasiness and anxiety
have been the natural and prevalent features. Nor did the
movement of the Bank of England fail to
augment the depression ; that institution advanced
the rate of discount to 6 per cent on the Bth inst.
and again to 7 per cent on the 121 inst., leaving it then
dcubtful whether another tu"n of the sceow would not be
decided upon at the Bank meeting yesterday. A further
advance, however, was not then made, and so, amidst the
general uneasiness, some room is permitted for calm
thought. Happily for this community annually little
American produce is held at this pined, and the American
houses will escape any serious loss on that account, for the
stock of tne greatest staple- Cetten-is reduce l to 163 000
bale!, a quantity which, in tinrs of prev:oue pressure has
been held by a single house ; and there is also a poor pros-
pect of any large supply this year, even to an extent ade-
quate to our consumption. Thus, with the continuance of
a wise liberality on the part of our Banks, which at pre-
sent is being shown, whatever cases of large individual
loss may result, we 1166 i not fear any serious disasters,
especially as the year has been one of cemniercisl
profit to most parties in the United States' trade. So far
but little specie has gone forward at the call of the United
States (short of £BO,OOO being in the Balcic), nor is much
likely to find its way there, and even if it did, its absence
from us would be but temporary in the peesent state of
American indebtedness to this country, and should scarcely
give rise to a course of farther banking stringency, by
which the commercial community must be deeply injured,
and its power to meet the difficulty needlessly reduced.
The rates paying outside fer disc mints range from 71 to 8
per cent., and long paper is not readily encashed, but as
there is no want of confidence, and legitimate commercial
paper is taken without demur, so far the i reseure produces
salutary caution, and prevents undue expansion in any
direcioa : the trading community of this country has
not, indeed, been of late extending its operations, nor
have speculative schemes been absorbing business capital,
so that there is really very little sail to shorten, in order
to aWe riding out of the storm, unless that storm be
heightened in intensity by an ill-timed distrust and want
of confidence. Some large failures have ieeed been
reported, in Glasgow, of he uses expanded beyond legitimae
bounds, and more of this class may be expected We have
never expected that the stoppage of Trade iu India would
be of long duration. Without a leader, •or a cause
around which any enthusiastic feelings, either political,
social, or religious, could be concentrated, and with a tee
ditionel knowledge-not of so old a date as to have its force
greatly awakened-of the power and past successes of this
ceuntry, the rebellion so far has shown little more than the
ill-organised features and movements of a banditti, and
the handful of Europeans left from the massacre stand as
yet victoricus in every affray, and as large European
reinforcements were close upon the Italian coast, we look
forward to trade to India being resumed within a brief
period, et all events, upon a moderate footing. The pro-
bable cost of this Indian war stands as another text for
the alarmist, bat it may bs noticed that the European force
does not add tn but only displaces the native force ' • and
beyond the cost of transport, it does not seem likely to
extend very greatly our outlay. We would still further
note that Europe, Canada, the United States, and we may
specially note England, have had abundant crops ; and
these are not more welcome to the several countries, as
the beads of their own prosperity, than to us as a commer-
cial and manufectnring community, as supplying the safest
grounds for the expectation of a good trade. Whilst, then,
on all sides there seems no cause for panic or alarm, wise
caution, and othe limitation of the sanguine expectations
which were justified a short t'me ago, are the sugges
tions that we venture to make to our foreign correepoedents
at this interesting period. So far as the Stock Eichange
serves as an index to public opinion, it may be noted that
the first effect of the Persia's news was to drop Consols to
861, but they have since rallied to 881, and Railway
Shares have recovered 1 or 2 per cent The opportune
arrival of the Royal Charter, in sixty two days, with
Australian god, estimated at 450,000 has given rase to
the more cheetful tone pervading, business this afternoon.
Consols for Money closed this afternoon at 881
to 88j, and for the Account at 88g to 881, and Ex-
chequer Bills at 8 to 4 die.
There was much buoyancy in the London
Railway Share Market to-Jay, and prices exhibit a
material advance. The following were the closing
prices : - Ambergate, Nottingham, and East
Junction, 4i; Caledonian, 78, 79; Edinburgh and
Glasgow, 61k, 62i ; Eastern Counties, 54, 55; East
Lancashire, 89, 91 ; Great Northern, 95, 96 ; do
A shares, 82, 83 ; Great Western, 52k, 521 ; Lanca-
shire and Yorkshire, 931, 931; Leeds Northern,
48, 49 ; London and North Western, 951
961 ; Manchester, Sheffield, and Lincoln
shire, 38, 40 ; Midland Stock, 81k, 821 ;
North British, 46, 47; York, Newcastle, an
Berwick, 91, 92 ; York and North Midland, 77k, 781;
Grand Trunk of Canade, 40, 42 Great Western
of Canada, 18k, 191 ; ditto New, 21, 11.
After official hours, the following were the quota-
tions :-Caledonian, 781, 79 ; Eastern Counties
10 13-16, 10 15-16; East Lancashire, 89, 91 ;
Great Northern, 95i, 96; Do. A. 86, 88; Great
Western, 52 ; Lancashire and Yorkshire, 921, 92,1;
Manchester, Sheffield, and Lincolnshire, 38, 39 ;
Midland Stock, 811, ; North .13ritish, 46, 47 ;
South Eastern and Dover, 62i, 63; York, Neweas•
tle, and Berwick, 91192 i; York and North Midland,
78, 79.

those of the New York and Erie and Illinois
Central lines, the prices of whioh have fluctuated
considerably, the market generally closing with a
steadier and better appearance.'

BANK OF ENGLAND RETURNS.
Account, pursuant to the Act 7th and Bth Victoria, cap.
32, for the Week ending Oe'. 9, 1857.
ISSUE DEPARTMENT.
Credit.
Government
Debt ...... L 11,015,103
Other securities 3,459,90 t)
Gold Coin and
Bullion ....

Debit.
Notes issued .. £24,014,510

£24,014,510

9,539,510

The course of Money matters, and the crisis in
America and in many of the Continental cities, have
had a marked effl ct in curtailing business opera-
tions in the manufacturing districts. From the
engaged condition of producers, hawever, neither
Goods or Yarns have suffered a depreciation of
value, though with less doing in ei.her department,
rates of both are more nominal.

Our Grain Markets throughout the country have
a drooping tendency, and the trade is still without
animation. Wheat is offered freely, ex ship, and
the range of prices is against sellers. Flour of fine
quality is tolerably steady, but common brands are
easier to purchase, and for Indian Corn there is
only a retail demand at barely former rates.
Today's market Was Mere cheerful, and a better
business prevailed ; the only article, however, that
supported its value was Indian Corn, and for
which a good consumptive inquiry was experienced.
Owing to the extraordinary extent of the recent
fluctuations, four members of the Stock'Exehange
were yesterday declared unable to meet their en-
gagements. All are brokers, with the exception
of one, who is what is termed a " jabber" in Consols.
lc only two of these cases is the amount of "
dif-
ferences" considerable, and in one of these a
dividend of l Os. in the pound will, it is stated, be
made immediately. The connections cf one of the
defaulting firms are understood to lie principally
in Liverpool and Manchester, whilst another had
large transactions open in Caledonian and Canadiab
railway shares.
A considerable portion of the Mexican dollars
ex the steamer Parana, were sold yesterday f..r
exportation to China at 5s OFI per ounce, being
44 below the price realised for the supply which
arrived early last month. The price of bar silver
is quoted 5s lid to 14 per ounce standard. It
is still thought that the remitfance to the East
by the Indus on the 20th instant will approach
800,0001.

The steamer Seine has brought. about 40,000/
in silver from Boulogne.

It appears that the Euphrates Valley Telegraph
project is to be abandoned. An extraordinary
general meeting of the European and Indian
Junction Telegraph Company is called for the 3rd
of November, " for the purpose of receiving a
report of the directors, and of determining on the
propriety of dissolving and winding up the com-
pany." _ _ _

The Swedish Government are inviting tenders,
in London or elsewhere, for an issue of funded
State Bonds, to the amount of about 1;200,0001.
sterling. The money is to be employed in the
cons ruction of railways. The financial advisers of
the government are surely committing a great mis-
take in bringing forward a negotiation of this kind
at so peculiarly unfavourable a juncture.
The Emigration Commissioners have engaged
the ship Rodney for the conveyance of passengers
to Melbourne, at the rate of 161 2s. 6d. per head.
The position of the market for American
securities is thus noticed by Messrs. D. 8011, Son,
and Co. :—" During the past week the transactions
in American State stocks have been few and un-
important, whilst there has been much activity in
the market for railroad shares and bonds. The
business, however, has been chiefly confined to

Total .. .. £24,014,510

:PARTMENT.

Credit.
Government se-

curities £10,560,607
Other securities 22,398,877
Notes 4,024,400
Gold and silver
coin

Total .. , £37,554,317

Hay. 01d...... ...
Ditto, aew .....
Ditto, clover ....
Green Clover ....
Grass

Straw, wheat
Ditto, oat . , „ ,
Ditto, barley

Oats, In straw ....

This week. P.icespaid Cum. Prices.,
Import Sales. Description. this week. Mid. Fair. Stocks.
-- -- ---
d. d. d. d.
1502
41260 Sea Island •9t026 16 17
710 Upland - -6fto 9# 9 1.16 91
165310
.... 3640 Mobile - - 6 to 21b9 3 16 9}
2971 EO5O New Orleans 54 to 101 9 5.16 9#
2a40 680 Brazil - --91 to 11 101 1, 1 17880
423 Egyptian - -11 to 14 11} 11# 5409
510 West India -84 to 10 94 94 1160
•• • •
18500 7110 East India -41 to 86} 6# 124 70
—....... ----i—..._.

LIVERPOOL PRODUCE MARKET.—OcT 16.

:MAIL—At the reduced price noCced yesterday, there has lnen more
disposition to purchas. ; about 133 hhds. BriLish West bails are
reposed, 1,00 i bags Gnrpattah dates at 435, an.: 503 cases, 1,240 bags
Bahia at 29s per cwt in bona.
MOLA3a3 oa Pun —There is nothing to notice.
COFFEE.—The public sal-s went off q ly, a small portion of the
JanLica only finding buyers at moderate rates, and nearly the whole
of the Malabar was withdrawn.

Roca.—The market continues dull, and only 50) bags damaged
Madras sold.
SALIPETIE. - N this ghsa been done.
JUTE.—The quantity for pub is sale was not offered.
H RMP.—Manil away all ,ithd-forn.
Cots YALN.—about 7,5C0 band:e, found buyers at per ton for
sound.

THE NORTHERN TIMES.--LIVERPOOL, SATURDAY, OCTOBER 17, 1857

tion, but we hare no inquiry from I -eland ; the general scarcity Or
this wide e, at the moment, enables holders to make an advancs of 6d
to is per quarter; white co nis also dearer in the same proportion.
Arriva's and exports from the 13th to the 15th of October, 18.'7,
inclusive.—lnto Liverpool from Ireland—Wheat, 286 qrs; barley, 27
qrs ; oats, 997 qrs ; rye, 50 qrs ; ; ea., 20 qrs ; Indian corn, 50 qrs ;
oatmeal, 4,537 sacks'; flour, 810 salts. C ,astwise —Wheat, 370 gra ;
malt, 63 qrs ; oats, 76 qrs; oatmeal, 7 sacks, flour 700 sacks. Euro.e,
&e.—Wheat, 140 qrs; beans, 10 ;rs; flour, 184 sacks. Total—Wheat,
791 qrs ; barley, 27 qrs ; malt, 63 qrs ; oats, 1,073 qrs ; rye, 0 qrs ;
beans, 10 qrs; peas, 20 qrs; India, corn, 50 qrs; eameal. 4.544
sacks; &mar. 1,694 sacks. Exports.—Foreign Parts—flonr, 191 bras.
Ireland— heat, 1,197 qrs ; milt, 50 qrs ; Indian corn, 1,509 Ors ;
flour, 428 sacks, and 310 brls. Coast.. ise —Wheat, 50 qrs; barley,
80 qra; beans, 6 gra ; In lan corn, 174 qrs ; flour, 213 sacks, and 20
brls. R. }Lams & SoNs.

AGRICULTURAL PRODUCE MARKET. —Ocr. 16.
Per stone, 2011)s. Per 901'as. s. d. s.
s. d. s. 4 'otatoes, Seed'ings 4 4 to 4 8
O 6 to 0 8s Ditto, Kemps 4 0 to 5 n
O fit to 0 81DItto, Whttereeki 3 6 to 3 10
O 7 to 0 8 Ditto, Ba'shaurs 3 8 t 310
O 1 to 0 111)itto, Farm:rs 0 oto 0 0
O 0 to 0 01 Ditto, cattle 1 4 to 1 6
O 3} to 0 31 Per ton.
O 3i to 0 43rrurn!ps "1 0 to 24 0
O 2f to 0 3 Carrots
outo 0 o,llangle wursel
Manure 4 6 to 6 6

MANCHESTER TRADE REPORT.—Ocr, 16

The market was more cheerful to-day on acco ,nt of the Inlian
news being of a favourable character, but the actual business done
has *..een trifling.

LONDON PRODUCE M ARKET.—Ocr• 16

Ma, kets generally hare been very dull this weep, attributable to the
sta.e of the money market, an-I lower prices are very generally
tabli,hed.

Ecru —llthonzh the amou• tof bus:ness done has bee smell, a
decline of fully 2s h s been est.b ished.

COFFEE.—:he public sales have been sm,ll *IA prices have been
abc,nt sustained. _

TEL.—This rtiote shows a decline of Id to Id per lb, common Con-
gon qu,tad is 111 to is lid, usual terms.
Ries has decline is from the :ate highest point of the market. '
Rum.—No business of importance repo tad this week.

SALTrzraz.—lhe pitblic price to this a title wasia a sma'l
public sale yestei day, when refraction 3} sold at 575., which was a
decline of 7s from the late highest point of the market.
SPICES ►emiin unaltered
dens have been firm, but sees could not ha, e keen
made without Wiring way in prices.

Net. 13.

severn Arica
J. M. Wood Bombay)
Oct. 16.

LONDON TALLOW MAKEET—Ocr. 16

City of Baltimore (s.s.), New York
Penman Cronstad t
Corinthian (s.s.) Genoa
sa.x.

The market is quiet at the followleg cootat:ons: —Petersburg
Y.C. on the spot, 575; Oztober and Dece.nber, 575; January and
M. rch, 57s 61.

BOROUGH HOP MARKET.—Ocr. 16.

Pyrenee
Aria .ne

,•• Havre
.-.Monte Video

Weyhill Hop Fair clos:.d last even nv, and nearly the who'e of the
hops pitched were sold—the Farnham, at 603 to 100 s, and the conn-
trys from 653 to 83s l.er cwt. • very choi a higher. The market here
is more active this morning, and the duty is still e.timated at
£2OO 090.

SHIPPING INTELLIGENCE.

IVERP3OL. OCTOBER. 17.
HIGH W.trza—M)Tn. 11 6 —Even. 11 23—Height, 16 ft. 5 in

OFF THE PORT AND INWARD BOUND.
Royal Charter (s.s.), from Melbourne.
ARRIVED,
Urgent lsl ty
11.ita Alexandria
Ntersey Glasgow
Virago
FCalamazo Belfast
P&lew Che ter

Pioneer Letterkenny
Marys ........... •• ....Bowling
Eliza ..
Opal
Elizabeth ........ ...Ulventone
, Rob in Marsden .. Newry
E113n..
1 Ocean
IGeorge Canning Amlwch
Scagul . Dnblin
Mersey Blostyn
Gipsey
eagle Diuzlas
tsabella ..
Va'e ....................Conway
lAnn Limerick