Northern Times.
Liverpool, Merseyside, England, 1857-06-22 00:00:00

MONETARY AND COMMEAWIAL.

LivEnrog--,, Saturday Evening.

The sales of Cotton
'to-day were about 8,000 bales,
including 2,000 on
Speculation and for exportation.
The market continues steady, and the full quota-
tions of yesterday are maintained.
A moderate business was transacted in the
Liverpool
share Market to-day at about previous
prices.
The sales were as follows :-Blackburn,
81; ; Eastern Counties, 114 ; Great Western,
f(:)-11, 1 ; Lancashire and Yorkshire, 1011, ;
London and North Western, 104, 1031, a; ditto
one-eighth shares, / d ; Manchester, Sheffield, and
Lincolnshire, 45, 441, 45, 441, 1; Midland, 84, 831 ;
North Eastern, 24; St. Helen's Canal and Rail-
way,-A, 79 ; Dovers, 22-a, 1, I, 4 ; Grand Trunk
of Canada, 15 1-16, 148, 15-16, 13-16, I The mar-
ket closed rather dull, and at the lowest quotations
of the day, viz. :-Blackburn, 8, 88 ; Chester and
Birkenhead, 70/, 71 ; Caledonian, 374, 374 ;
Chester 'and Holyhead, 181, 181 ; Eastern Coun-
ties, 11 11-16, 11 13-16 ; East Lancashire, 97,
971 ; Ditto .C 9 shares, 13.16, p ; Great Northern,
244, 25 ; Great Western, 64a, 65 ; Lancashire and
Yorkshire Stock, 1.01, 1011 ; Do, £9 shares, 1,
1-16 p ; Liverpool, Crosby, and Southport, 191,
19?-4; London and North Western Stock, 1034,
1031-; ditto one-eigthth shares, 3-16, / d ; Man-
chester, Sheffield, and Lincolnshire, 441, 45 ;
Midland Stock, 834, 84; North 'British, 104, 101 ;
North Staffordshire, 5, 41 d; North Eastern-
Berwick, 23, 231; York and North Midland, 351,
353;- Leeds Capital Stock, 224, 224 ; South Eastern
and.s Dover, 22 9-16, 224 ; Scottish North Eastern,
121, 13; Buffalo and Lake Huron, 11, 1 d ; Ditto
New Shares, 4, 2 d ; Dutch Rhenish, 21, 21 d ;
Groat Western of Canada, 221, 231; Ditto New
Shares, 11, 14 p; Great Luxembourg, 11 5-16,
11 340 d; Grand Trunk of Canada, 142, 14 13-16.
There is not so much activity in the Money
Market as there was some few days ago, as the
public are merely obtaining the amounts they re-
quire for immediate use. It is now generally sup-
posed that the Bank of France will follow the
example of the Bank of England, and the fact that
they have reduced the premium on gold from 6 to
4 per mile, is viewed as the initiatory step to a
modification of the present charge. Satisfactory
as these symptoms are, it is to be feared that un-
less great restraint is exercised, a renewal of spe-
culation may once more produce tightness in the
Money Market, but, judging from present
appearances, there is every disposition
to discourage the introduction of new
projects, and therefore a general improvement may
be regarded as likely to take place.. The amount
of specie taken out to-day by the Peru is more
than one million one hundred thousand sterling,
half of which is for China, and there seems no pro-
bability of an immediate relaxation in the demand
for silver, many packages having been purchased
to be forwarded by the seamier of the 4th. Great
-difficulty has been experienced in despatching the
entire amount intended for shipment on this
occasion, and could insurances have been effected, ,
a larger total would have been forwarded. The
rate of insurance, however, prevented the
merchants from completing their contracts, the
premium for specie having advanced from 35s to
60s and 70s per cent. While every expectation
may be entertained that we shall now have a more
favourable prospect during the next few months it
will be well to bear in mind that the rate of dis-
count and interest, viz , 6 per cent., is still an
elevated point, and that " calls" in abeyance, on
schemes which. have been introduced and have
scarcely floated, may with other contingencies,
cause a periodical recurrence of pressure. With-
out great vigilance is therefore exercised, the
putlic must be prepared for a fresh attempt
whenever the Money Market may present improve-
ment for the issue of additional shares on account
of the Grand Russian Railway schem, the con-
..essionaires of which are in a position to wait their
opportunity for "placing" these securities.
The market for the Public Funds and Securi-
ties to-day showed rather more firmness, in con-
sequence of the favourable Bank return, the
prospect of a steady improvement in financial
affairs, and the probability that the value of money
at Paris wiil soon experience some decline.
These considerations have induced a few
purchases, but the market is not nearly so
buoyant as might have been anticipated, solely
owing to the absence of speculative activity. A
desire pretty generally exists to await the mes-
sage from Trieste with the particulars of the
Eastern exchanges. If a deduction be then re-
ported in the quotations at Hong Hong and
Shanghai, the Funds would, no dobut, experience
a rise; but if otherwise, it is likely that renewed
weakness will ensue. The flatness of the Paris
Bourse, perhaps, assists in ,checking an advance.
Consols for the 9th proximo were 931, and aftei-
wards 932 4, at which they were firmly maintained.
For the opening the price was 931-. The New Three
per Cents. were 926 to 93, and the Reduced 924
93. Exchequer Bills were 3s die, to is prem.
The following list shows the fluctuations in
Consols during the past week :-
Lowest Highest Closing
prices. prices. prices.
Monday Money.. 931 934
Account ...938 932 932
Tuesday Money .... shut do. do.
Account . .. 93 934 93
Wednesday Money .... shut do do
Account ....93 936 93
Thursday Money shut do. do.
Account 931 934.
Friday .... shut do do.
Account .....93k 931 934
Saturday Money .... shar do. do.
Account ....934 93# 934
In the London Share Market there was not much
business transacted, but prices of all the leading
. Stocks and Shares were well maintained. The
following were the closing prices :-Ambergato,
Nottingham, Boston, and Eastern Junction 51, 5g- ;
Bristol and Exeter 90, 92; Caledonian 751, 754 ;
Chester and Holyhead 36, 37; East Anglian 19,
20 ; Eastern Counties 114. 13; East Lancashire
37, 98; Edinburgh and Glasgow 62, fit ; Edinburgh,
Perth, and Dundee 331, 34; Great Northern 99,
100; Great Southern and Western (Ireland) 103,
106 ; Great Western 64165 , Lancaster and Carlisle
70, 74; Lancashire and Yorkshire 1004, 1018;
London, Brighton, and South Coast 112, 113 ;
London and North Western 1031, 104; London
and South Western 1004, 1011 ; Manchester,
Sheffield, and Lincolnshire 444, 454. ; Midland 834,
-841; ditto Birmingham and Derby 55, 56 ; Norfolk
62, 64; North British 431. 434; North Eastern-
Berwich 924, 93i ; North Staftbrdshire 41, dis ;
Oxford, Worcester, and Wolverhampton 324, 334;
Scottish Central 106, 108 ; ditto Midland 69, 71 ;
South Eastern 75, 76 ; South Wales, 88, 89 ; Hull
and Selby 106, 108 ; Eastera Counties, Ex.-5
per Cent. (No. 1) 4, I pm; East Indian 108 110 ;
Grand Trunk of Canada 58 59 ; Great Indian
Peninsula Guaranteed, 5 per Cent 211, 211 ; Great
Western of Canada Shares 23, 231 ; Madras
Gtiaranteed, 41 per Cent 19, 20 ; Do, 44 per Cent
Ex. par. / pm ; Scinde Guaranteed, 5 per Cent,
14, 2 pm ; Eastern of France 281, 291 ; Great
Central of France 244. 254 ; Great Luxembourg
Constituted Shares 61, 64 ; Lombardo-Venetian
44, 44 pm ; Lyons and Geneva 29, 30 ; Namur and
Lege 81, 84; Northern of France 381, 391 ; Nor-
wegian trunk Preference 81, 91; Paris and Lyons
581, 59/ ; Paris and Orleans 57, 59; Royal Danish
16, 18 ; Sambre and Meuse 8, 84; West Flanders
44, 5.
An impression prevails that the agreement con-
cluded between the great Northern and the. Man-
chester, Sheffield, and Lincolnshire Companies,
who intend running trains to Manchester, will
Boriously affect the traffic of the North-Western
Coinpany. It is stated by those fully competent
judge, that the effect of such an arrangement,
in the manner described, will be very unimpor-
tant. .

Bc- spe 'tinß the movements in Mines during the
week, the Yinzlig Journal of to-clay says :
There has been very little activity in the Share Market,
and prices, where OuLreshave been offered for sale have,
with few exceptions declined. South Frances, 290 to 295 ;
Btsset, 240 to 250 ; Alfred Consols, 16 to 161; North
Basset, 15 to 16; Cook's rjt-chen, 5 to st. Great Alfred
shares have been flat at 7 to VI,: West Stray Park, 7 ;
Craddock Moor, 43 to 45; West (:radon, very flat 135 to
140; South Caradon, 340 ; Rosewarne, 37 to 40 ; Mary
Ann, 45 to 46, Trelawney, 231 to 241; Horodsfoot, 71 to

to 7f ; Cligah. and Wentworth, 5 to 6 ; North Crofty, 4 to
; East Basset, 36 to 37i ; Bender, 1 to 1 ; Trevoole,
10 to 11 : Great South Tolgus, 17 to 18 ; West Basset, 28
to 30 ; Tamar Consuls, 24s 63 to 25s 61; Tincroft, 4 to
44 ; St. Day United, 1; Tolvadden, 91 to 10. Tehidy
quiet at 2l to 24. East Trefusis, 5t051 ; Wheal Mar-
gery, 12 Wheal Edward shares have fluctuated from
51 to 6, 61 ; Berriow Consols, 9 to 10 ; Grambler and St,
Aubyn, 100 • East Russell, 16s to 16s; Lady Bertha, lOs
to 12s ; Wheal Kitty, 18s to 19s ; Grenville, 11 to 11.
The imports of Specie during the week were
about 700,0001, viz. :—By the Albion, from
Boulogne, ninety-three boxes bullion; the Clarence,
from Antwerp, twenty-eases 11 casks bullion ; the
Rhine, from Boulogne, thirty two cases silver
bullion ; the Panther, from Boulogne, thirty-one
cases bullion ; the Neptune, from Antwerp, four
bags bullion ; the Colombo, from Alexandria, one
box specie ; the Tagus (s), from the Mediterranean,
4,6361; the La Plata, from the West Indies, &e.,
1,057,734 dots or 211,5001, of which 120,0001 was in
gold, and 8,8001 in silver; the Niagara from America,
1,220,1.08 dols, or 244.0001; the Treviot from the
Brazils, 81,1821; the Columbia from America,
350,000 dots, or 70,0001;. the Anglo Saxon from
Quebec, 2 808 dols, or 560/ ; the Gertrude from St.
Petersburg, three cases of gold, or 72,1001; the
Telegraph from Antwerp, ten cases of bullion;
the Vesta from Bremen, two cases of silver;
the Sieane from Boulogne, fifty-eight cases of bul-
lion ; the Panther from Boulovne, fifty-three cases
of bullion ; the Baron Osy from Ostend nine case
of bullion. .

The exports of specie during the week were about
1,150,0001, viz. : by the Sultan, for Cadiz and
Lisbon, 88,0001 in gold ; the Parana, for the West
Indies, 24,1921, of which 12,800 l was in gold, and
11,3921 in silver; and by the Pera, for Alexandria,
1,142,616/, of which 2,1451 consists of gold, and
1,140,4711 of silver. The sum destined for China
Proper is 638,1921, all in silver. The particulars
are as follows :—For Bombay, silver, g 51,639/; for
Ceylon, gold, 8201; for Madras, gold, 1,3251, and
silver, 20,8001; for Calcutta, silver, 134,1271; for
Penang, silver, 7,4271; for ,Singapore,
silver, 88,2701; for Hong Kong, silver
331,0381; for Canton, silver, 6,0301; and for
Shanghai, silver, 301,1241. The largest remittance
ever previously despatched by this route was
971,328/. by the Ripon, on the 4th of Feb. last.
The igibjoined exhibits the aggregate shipnwnts
by each of the last six steamers :--April 4, per
Colombo, 788,6841; April 20, per Indus, 739,7931;
May 4, per Pera, 551,1511; May 20, per Colombo,
751,0711; June 4, per Indus, 761,6131.;
1 142 616/ , . , , June 20, per
Pero

Of the 67,000/ in gold b;rought from New York
by the steamer Coluni.Via,, about 3,5001, consisting
of bar gold, wt..; yesterday sent into the Bank.
the re t~ consisting chiefly of American eagles, was
I~urahased for exportation to the Continent, to pay
for silver.

The arrival of the Panther from Boulogne, and
of the Baron Osy from Antwerp, is reported. The
former vessel has brought fifty-three and the latter
nine cases of silver, the total value of the two
remittances being about 50,0001.
The official return of the exports of the precious
metals from the port of London, for the week
ending 12th June, show a total of 556,30 ozs., and
600 sovereigns in gold, and 2,000 ozs. of silver.

The business transacted in the London Produce
Markets during the week has not been larger, and
some of the principal staples have slightly
declined. Thus, sugar,. owing to increased sup-
plies and a quieter demand, has fallen
ls. to 2s. per cwt., but the market closed
this evening with a firmer tone. The stock of
this article in London at the close of last week was
33,244 tons against 53,619 tons at the correspond-
ing period of 1856. There has been a good demand
for coffee, and prices are higher. Cocoa is steady,
and tea dull, but at previous rates. A very quiet
market has prevailed for rice, and sales have been
made with difficulty. Saltpetre is dull, and. although
a decline of 2s per cwt. has been submitted to,
purchases has been contrasted. Spices have
generally been firm, but African ginger is an
exception, being 6d cheaper. For rum the inquiry
is inactive, and rather lower rates are current
Tallow is quiet. but firm.
A very quiet tone has prevailed in trade in
the manufacturing districts during the week, the
present season's demand for the home-trade evi-
dently drawing to a close. For export some of the
shipping houses were rather busy, more especially
those in the Eastern trade. There was a steady
business doing in the piece-trade at Bradford, at
about previous rates, and stocks generally being
low higher prices were expected to rule. At Hali-
fax the inquiries for piece goods, and yarn had
been more active, and full rates were current.
The Cotton trade, at Manchester, had exhibited
some improvement, and the demand for goods
suitable for India and China has increased. Prices
generally ruled rather firmer.
The first general meeting of the Australian
Auxiliary Steam Clipper Company was held this
day (Saturday), at which John Gillespie, Esq , of
Leadenhall-street, took the. chair. Mr. Hughes,
the secretary, read the report, which showed that
the vessels of the company were, the following :
The Istamboul, the Indomitable, the King Philip,
and the Undaunted, of the aggregate value of
130,000/., all of which had been despatched to Mel-
bourne. The Istamboul left Melbourne on the 3d of
March with a full cargo of goods and passengers, and
arrived at Plymouth in seventy-nine days, overtaking
all the vessels which had sailed a month previously.
The application of the screw to sailing vessels
seems to answer satisfactorily as far as this com-
pany is concerned, and must lead to an increase of
the fleet, as the merchants of the Colony are par-
ticularly inclined to support any company that can
complete the voyage within a limited period. The
first voyage of the Istamboul, although not so
remunerative as the the estimate, left a consider-
able profit, and the Undaunted had been taken up
at a fair profit, for emigration by the Govern-
ment. Although the company has no Govern-
ment subsidy ; it has, according to the report,
the elements of success. It was thought advisable
to await the return of the other ships before a
dividend was declared, although the earnings of
the Istamboul has been very satisfactory. After
some discussion the report was adopted on the
motion of the chairman, seconded by the Earl of
Caithness ; and the auditors were chosen on the
part of the shareholders. The chairman stated
that the subscription list was complete, with the
exception of about 30,0001, which he advised the
shareholders or their friends tg subscribe for. A
cordial vote of thanks was passed to the chairman
and directors, when the meeting adjourned.
The Netherlands Land Company have received
advises stating that the second enclosure, amount-
ing to 1,760 acres of very rich land, has been fully
reclaimed; this, together with the reclamation of
last year, amounts to nearly 3,000 acres of freehold
property of fine alluvial soil. The works are now
being vigorously pushed forward towards a further
large enclosure next season.

The directors 01 the Canada Land Company
have issued their statement of ‘‘ lands disposed
of, and moneys received in Canada, from the
Ist of January to the 29th of May," preparatory
to the generalmeeting. During that period 1,704 acres
were sold at 28s 10d per acre, against 1,175 at 27s 4d
per acre, in 1856, and[28,909 acres, at 49s 11d, were
leased against 4,567, at 49s 8,1 per acre, in 1856.
The increase in the lands sold and leased this year
is, therefore, 24,871 acres. An extension of busi-
ness is also shown in the lands converted into free-
holds, and also in lands leased for periods of five
years. The receipts this year are 10,8381 in excess
of those of 1856.

There was a large and more general activity in
the course of trade in the North of Ireland during
the week—a gratifying circumstance—which may,
to no small extent, be attributed to the reduction
of rates of discount by the Bank of England,
Employment is more accessible, too, to the labour.
ing population of the towns; and in the country
districts the weavers are all at their looms, working
most industriously, and turning out a large
quantity of cloth. Provisions still continue high,
but the prospect of a bountiful harvest, which the
continued fine weather affords, must tend to keep
down prices. The Flax Markets are very poorly
hupplied with raw material, and stocks of last
sear's crop, as well with dealers as with growers,
gave xun low, and spinners must depend 44 future

to a great extent on foreign supplies, of which we
receive some considerable importations to local
houses. Several of the mill-owners have large
orders out to Courtrai for fine, and to Rotterdam
for coarse flax. In the local markets hand-
scutched went off this week at 6s to 8s for coarse
to fine, and milled at 7s. to Bs. for coarse, 9s. to
10s. for fine, and Ils to 13s. for very fine. Mill-
owners are moving stocks"pretty freely; low wefts
do not show great activity,. but in the range from
4Q lea to 80 warps, the sales are well kept up
Markets for Brown Linens have been steady, and
although the supplies of hand-woven do not come
up to the usual average, the goods are more readily
disposed of, and higher prices rule for some
qualities of Shirtings. Fine and Fancy Linens do
not hold so good a place in the market. Damasks
of the lower kinds are wanted, and light Lawns
suited to the market of America are in better
request. White Linens, which had accumulated
in the hands of bleachers; have been taken off in
large quantities. The ornament manufacture for
the decoration of finished linens and threads has
been very active, and the style of those designs,
now produced in town, show a groat advance on
that of former times.

The following are the Gazette average prices of
Muscovado Sugar, for the week ending June 9th,
]SS6, exclusive of Customs' duties payable thereon,
on the importation thereof into Great Britain
From the West Indies, 465. 2d. per cwt.

eo:lZ2itmmtuPtt kntelit4ence.
LIVERPOOL COTTON MARKET.—JUNE 20

With a fair demand and a moderate supply, the cotton market con-
tinues firm, at yesterday's quotations. T• e sales—including 203
Pernambucos iikd to 9cl, 30 Maranhams Bid to 91(1. 400 Egyptians iikd
to lid, 600 Sarats skd to 5/d— are reported 8,000 bales, of which
2,000 ara on speculation and for export.

AWRICULTURAL PRODUCE MARKET.— JuNE 20.
Per stone, 201bs. Per 00114 s. s. d. s. d
s. d. e. (I.lPotatoes, Seedlings 44t0 4 8
flay, 01d...... o 6i to 0 BfiDitto, ICcrap, .... 3 9 to 4 0
Ditto, new 0 0 to 0 0 Ditto, Whnerocke. 3 8 to 4
Ditto, clover 0 5} ,c) 0 7 Ditto, Balahaws .. 3 6 to 0 0
Green Clover 0 4to 0 2* Ditto, Beldrunts .. 2 8 to 210
Vetches 0 0 to 0 0 Ditto, cattle..
Straw, wheat 0 3 to 0 31 Per ton,
Ditto, oat 0 2i•to 0 ... 0 0 too
Ditto,ats in w ,
barley
, . 0 Q to 0. 0 0 too
00i:rCaoti:
Carrots
wur4o
0(I v 0 ,( ;,1 00 r 0
9
4 6 to 6 6