Northern Times.
Liverpool, Merseyside, England, 1859-02-08 00:00:00

COMMEWIT A I

The excitement in the Stock Exchange to-day was
such as is rarely witnessed. The news of the rally of
1 per cent. attained by the French Funds, on Saturday,
and by a further rise of lti per cent. at the Little Bourse,
on Sunday, caused the Stock Markets here to open ,with
a feverish appearance, and a great advance was quickly,
established in all the leading securities. The immediate
impression produced by the speech was one of disappoint-
ment, and Consols fell to within it of the closing quota-
tiOns of Saturday.. After the recognised hours, a
renewed speculative demand sprung up, and an improve-
ment of
.1 or I por cent. was quoted. Most other classes
of securities left off sensibly better than on Saturday,,
though considerably below the -prices attained prior to
the actual receipt of the speech. The Discount Market
remains easy. First-class bills were negociable to-day
at 2i,t, to 21 per cent.. There were no gold, operations at
the Bank to-day. Compared.with the closing prices of
yesterday, the French Rentes on the Paris Bourse show
a rise of per cent. The market for Sardinian Stock
was firmer to-day, inasmuch as sales were practiCable,
but the price was no better than 80 to 82. The Scrip of
the new Australian Loan was quoted, at one period, to
1. premium, but the qucitation was nominal, and was
weaker in the afternoon.—Daily News City Article
Monday Evening.
There were sanguine expectations as to the probable
character of the speech of the French Emperor at the
commencement of business this morning, The first
transactions in Consuls were at an advance of per cent.,
and there was immediately a further improvement. The
market then remained steady till towards the afternoon,
when the ,favourable feeling began to subside, and the
receipt of the Emperor's speech from Paris completely
caused a reaction.— Times City Article Monday Evening.
The Cairngorm and Great Britain have arrived from
China- with 1,798,7001b5. of tea.

•The commercial advises from France mention serious
defects in all- quarters from the policy of the Emperor.
Numerous failures are reported; Among the largest
disasters is -the stoppage of •Varmer and Roger, bankers,
at Orleans, who were compelled to suspend after having
paid alyay;£Bo,ooo.during a run.. _
The; exchange quotations from China, reported on
Monday, show an alteration in favour of this country
equal to about 3 per cent. at Shanghia, and 23- per cent.
at. Hong Kong, diminishing shipments of . silver are
consequently- anticipated. On Monday advises were
ren,ived from China showing that ,the exports of tea to
date were 28,000,000- pounds,, showing a deficiency of
7,000,000 pounds. The mail steamer from China has on
freight 3,000 bales of silk, The exports of silk to date
were 46,000 bales ; .Sahal shipment, 62,000 ; of which
4,000 had taken place during the last fortnight. ,

MAIL NEWS.—The letters from Calcutta and. China are
expected to be delivered on Saturday or Monday next.
General Mahon, the commander-in-chief in Algeria,
has announced that the division Renaud had been
recalled to France, and has issued an Order of the Day
on the occasion.

RAILWAY NEWS.—The directors of the, Midland Rail-
way Company recommend a dividend at the rate of 4 per
cent. per annum. The. Brighton Railway traffic return
shows, this week an increase of £775.

THIRD EDITION.

NORTHERN TIMES OFFICE, TUESDAY, 10.30 A.M

THE AFRICAN MAILS

The African mail steamer Armenian has arrived
here, with 12 passengers,. 2,300 ounces gold, 125
bales cotton, and.l34 puncheons palm oil.
Trade. opened at Bonny on the Ist January.
King Eyo, of Old Calabar, had died.
The slaver Julia . Dean, was captured at Cape
Coast, on the 12th December, by the American
frigate Vincennes, and sent to the United States.
A ship called the Juliet was deserted by the
crew at Bonny, and reported to H.M.S. -Archer.
The. Rainbow (s.) left Bonny for Niger explora-
tion on the 6th January. ' • •
Latest dates—Bonny, Jan. Gth ; Lagos, 9th ;
Accra, 10th •, Cape Coast Castle, 12th ; Cape
Palmas, 14th ; Sierra Leone, 19th ; Bathurst,
23rd ; Teneriffe, 29th ; Madeira, 31st. The R.M.S.
Ethiope sailed from Sierra Leone, 16th Jan.

RAILWAY TRAFFIC. The aggregate traffic of last year
for the kingdom showg an increase of £27,804, compared
with last year.