The Northern Daily Times.
Liverpool, Merseyside, England, 1857-04-17 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, Thursday Evening.
Owing to the lengthened report of the pro-
ceedings in connection with the laying of the
foundation stone of the Public Library, in this
day's paper, we were unable to give insertion to
onr rgular Monetary article, which, with a larger
amount of other matter we had in type.
There is no change to notice in the condition of
our Cotton Market.. A fair demand exists, and
the price of all descriptions is very firm. The
sales since Tuesday reach 15.000 bales, viz., 6,000
yesterday, and 7,000 to day ; and 3,500 bales were
on speculation and for export.

The Liverpool Share Market yesterday was
rather dull, but there was little or no change
in prices. Today there was rather more busi-
ness done; and a slight advance may be
noticed. The sales reported were as follows--
Birkenhead, Lancashire, and Cheshire, 061 ; Cale-
donian, 341. Z, .3; Eastern Counties, 11-2-; Lanca-
shire and Yorkshire, 1011, -1, 102, 1; London and
North Western. 1041, 105, 1, 105, 1; Do 1
Shares, ad ; Manchester, Sheffield, and Lin-
colnshire, 390, -I, ; Midland, 811, 2, 1. 1,7, ;
Dovers, 221, fsi, -a. 11-10 ; Whitehaven and
Furness, 8; St Helens Canal and Railway D
Shares, 001 e ; Grand Trunlsof Canada, 151 16, 1-10.
16, 15 11.16 .; Sambre and Meuse, 9 5 16; Bank
of Liverpool 24 ; Liverpool and London
Fire and Lifei Bp. The following were
the closing prices :-Blackburn, Oa, 81, Ches.
ter and Birkenhead, 0111, 67 ; Caledonian,
31* 341.; Chester and Holyhead, 174, 181;
Eastern- Counties, 11a 111- ; East Lanca-
shire, 981 981 ; Do. 9t. shards, 13-16, p ;
Great Northern, 231-, 241; Ditto A shares. loft, 109;
Great 'Western, 67, 671 ; Lancashire and Yorkshire
Stock, 104 102 i; do. 9/. Shares, 1 1-16, 1 3 16 p ;
Liverpool, Crosby, and Southport, 10*, 191 ;
London and North Western Stock ; 1051; 1051
do. a Shares, 1, 1-16 d; Manchester, Sheffield, and
Lincoln, 391. 391; Midland Stock, 821, 82& ;
North British, Ila 111 ; North Staffordshire,
; North Eastern-e-BerVvick 211, 211 ;
York and North Milland, 32, 321 ; Leeds
capital stock, 20 201 ; South Eastern and Dover,
221 22 11-16 ; Scottish North Eastern, 13, 131 ;
Buffalo and Lake Huron, p; Dutch Rhenish,
3-16, 1-16 d ; Great Western of Canada, 251 xd 24;
do. New Shares, 2 1346 xd 2 15.16 p ; Great
Luxembourg, 11, 100 ; Grand Trunk of Canada,
151 16.
Two or three days since the demand. for dis-
counts became rather quieter, but, as was then
anticipated, no permanent relaxation has been
experienced. Yesterday the pressure, though it
could not be called severe, was general and inipor-
taut, both in. Lombard street and the Stock
Exchange. Very full prices, therefore, have been
paid. Respecting the amount which has been
taken into the sank of England yesterday, it was
stated in circles usually well informed upon such
matters, that about £lOO,OOO had been deposited
there. If this be the cases much of the apprehension
which previously estisted will be removed. The last
Bank return showed the total amount of bullion at a
lower point than has heen knoWn for several years.
But since that statentent was made up, the acces-
sion of the two precious metals may be fairly
estimated at three quarters of a million sterling.
This is a most important fact, since it may cause a
re-action both in the position of the national es;a-
blishment, and likewise in the general money
market. The continental exchanges are generally
firm, but there is no improvement. At the seine
time, however, it is believed that English coin
is returning from Paris iti small quantities.
Several vessels are still dale from the Antipodes.
and if the late arrivals. do not have the effect
anticipated, there is some satisfaction in knowing
that considerable supplies are still on the way.
which will tend to accelerate a return to compara
tive ease, The English Funds closed yesterday at
a per cent. decline compared with the latest official
prices yesterday. Since the commencement of the
present month the total fell has been 1 per cent,
but the differenee is not more than might be
expected froth the unfavourable circumstances
which have occurred in the interval, and there can
he no doubt that Consols are even now too high,
when money is worth 6 or 7 per cent. The
flatness was caused by a continuance of sales
emanating from bona fide holders of stock, as well
as the speculators. The Funds to day have expe-
riericed a rally of about 1 per cent. The . Bank
Directors having broke up without the announce-
ment of any change in the terms of discounts.
Consols for money were quoted at noon at 921 to
931, and at the close at 921 to 921 For the account
the closing figure was 938 to p3i.
The London Share Market was dull yes-
terday, and declined about 1 per cent. ; to-
day, however, it has been rather firmer, and
the following were the closing -prices :-
Ambergate, Nottingham, and East Junction, 51,
; Caledonian, 691 ; Edinburgh and Glasgow,
551, 56*; Eastern Counties, 111, 111; East Lan-
cashire, 99, 100 ; Great Northern, 973 ; Ditto A,
87, 88 ; Great Western, 671 ; Lancashire and
Yorkshire, 1021; Leeds Northern, 39! 401; Lon-
don and North Western, 1051, 1054 ; London and
South Western, 1011 ; Manchester, Sheffield, and
Lincolnshire, 391, 40 ; Midland Stock, 821. 823.;
-North British, 44, 45 ; South Eastern and Dover,
751- ; York, Newcastle, and Berwick. 861,
871; York and North Midland, 64, 65. After
official hours the business transacted was at
the following quotations :-Caledonian, 691, 691 ;
Eastern Counties, 11 9.16, 11 11-16 ; Fast
Lancashire, 99, 100; Great Northern, 971; Do
A, 87, 88 ; Great Western, 674; Lancashire and
Yorkshire, 1028, 10211 ; London and North
Wester', 1051, 1051 ; Manchester, Sheffield,
and Lincolnshire, 394, 391; Midland Stock, 824,
821; North British, 44, 45; South Rasters
and Dover, 751, 751; York, Newcastle and Ber-
wick, 86, 87 ; York and North Midland, 641
At a special meeting of the proprietors of the
Submarine Telegraph Company yesterday, it was
agreed to dispose of the Hanoverian concession to
some Foreign Company, which should identify
itself with the. Submarine and French Companies
In the London Court of Bankruptcy, an adjudi-
cation has been made against Colonel William
Petrie Waugh, whose name has been recently
before the public in connection with the London
and Eastern Banking Corporation, of which
he was a director. He is described as
a brick maker and tile manfacturer, carry-
ing on business at Branksea Island, near
near Poole, and at Little Abingdon street, under
the style of the Branksea Clay and Pottery Com-
pany. Mr Hughes, of the city of Worcester,
" gentleman," is the creditor who has presented the
petition.
A meeting of the Acadian Iron Company has
been held. The report stated that the works are
progressing favourably, and that charcoal iron will
soon be imported into this country. The accounts
showed a balance in hand of 5,6771.
We hear of transactions in bills on St. Peters-
burg as low as 3611. In the present state of the
exchange a handsome profit is shown on the
remittance of gold from Russia to this
market. The obstacle to the operation consists
in the continued prohibition of the export
of gold from that country. It is not
unreasonable to infer, however, that recourse
will be had to the usual practice of smuggling the
precious metal. Meanwhile the persistence of the
government in the antiquated and short-sighted
system of commercial prohibitions should induce
caution on this side in crediting its professions of
liberality, the more especially as there professions,
singularly enough, are cotemporaneous with a
fresh pecuniary appeal to the western markets.
A correspondent writes to us to say that Foreign
Wool is improving in value and getting my
scarce ; 100 packs Black Fleece Spanish sold
yesterday in the grease at 12d to 1.21 d per lb.
• Telegraphic advices from St. Petersburg, dated
Tuesday, state that the ice on the Neva broke up
on the previous night. The weather was warm,
with heavy rain, and the wind south west. It was
thought that the navigation at Cronstadt would
. probably be re-opened in about sixteen days.
A general meeting of the shareholders of the
Royal Mail Steam Packet Company was held to-
day at the London Tavern, Captain Mangles, M.P.,
in the chair. The report which was presented