The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-28 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, TUESDAY EVENING.
The demand for cotton continues steady, but is
not as extensive as for some days previously
Prices remain steady. To day's transactions were
estimated at 5,000 bales, of which speculators took
1,000. The prices paid to-day were al to 6d for
Surat ; Tid to 8d for Bahia ; 8d to nd for Maran-
ham, and 73,-d to 8-74-d for Pernambuco.
The Liverpool Share Market opened with a steady
feeling to-day, and continued so throughout. There
was some fluctuations in the heavy stocks. The
settlement occupied a good deal of attention, and

transactions for the " continuation" were made to
Some • extent. The sales of the day embraced—
Blaekburne, 8Z- Caledonian, 30i 30 K. Eastern
Counties, 9a, (for next account.) East Lancashire,
234-. Lancashire and Yorkshire, 96t: London and
North Western Stock, 106, k, 5,6 i. Manches-

ter. Shoffield,and Lincoln, 348, and for next account,
341. Midland Stock, 821, L;. North British, 9 13 16.
South Eastern and Dover, 22 th, 1,1, 1. Grand
Trunk of Canada, 124. Dutch Rhenish, 5.16,
Some business was done in Royal Insurance Shares
at 24. p We append the closing prices of the day :
—A berdeen, 12* 13 ; Blackburn, 81, ; Chester and
Birkenhead 65 651-. Caledonian, 30 5-16 30 7-16.
Chester and Holyhead, 18f 188. Eastern Counties,
9& 9 3.16. East Lancashire, 231 23*. Great
Northern, 23 23*. Ditto A Shares, 92 9-1 Great
Western, 651 658. Lancashire and Yorkshire Stock,
964 961 Liverpool, Crosby, and Southport, 18* 181.
London and North Western Stock, 106 1061.
Manchester, Sheffield, and Lincoln, 31 344-.
Midland Stock, 821 82g. North British, 9* K.
North Staffordshire, 41; 41d. South Eastern,
22 3 16 221. York, Newcastle, and Berwick, 201,
21. York and North Midland; 291 30. Leeds Capital
Stock, 18a 181. Buffalo and Lake Huron, II -lHd
Dutch Rhenish,l Id. Great Western of Canada,
24* 241. Ditto New Shares, 21 2 11-16 p.. Great
Luxembourg, 11 1041; Grand Trunk of Canada,
121 121. The following were the rates of continua-
tion paid during the day :—Blackburn, 9d 10d 6d
74d 6d 3d; Caledonian, k 2s 3d ; Eastern Counties,
Is 1.16 Is ; East Lancashire, 2s is 9d *-; Great
Western, 3.16: Lancashire and Yorkshire Stock.
5-16 8 3-16 1 5-16 ; London and North Western
Stock, 4 516 1; Manchester, Sheffield, and
Lincoln, I-42s 3d f2s 3(1 ; Midland Stock, 516 4
5 16 4 5-16 4; North British, is ; South Eastern,
2s 3d 2s is 9d 2s ; York, Newcastle, and Berwick,
2s 31 is 6d is 9d is &d ; Dutch Rhenish, is 9d 10d ;
Great Western of Canada, 2s is 6d 2s ; Ditto New
shares, is 11 d 10d 9d ; Grand Trunk of Canada,
1-16 is 6d.

The efflux of gold to the Continent seems to be
increasing, about 100,0001 having been sent from
the Bank of England yesterday. If these with
drawals are not speedily checked the metallic
deposits •in Threadneedle. street will soon be
reduced to a very low figure, especially as there
are no arrivals from Australia, America, or Mexico.

There is consequently some probability of- the
Bank directors being compelled to raise the rate
of discount next Thursday. as in addition to this
drain the applications for discounts are becoming
exceedingly active as the end of the month
approaches. In banking circles there is a confident
expectation of some restrictions being at once
imposed, so that the views recently entertained
relative to a return of financial ease aro likely to
be proved incorrect. On the Stock Exchange a
good enquiry exists:at 51 to 6 per cent.
The English Funds were heavy to-day, owing to
some large sales having been effected. The -unfa-
vourable features which the Money Market presents,
encourage " Bear" operations, and in many in-
stances those who have operated for a rise are now
closing their accounts. A decline of about per
cent. took place, but in the face of increased
pressure for money and the drain of specie, the
prices may he said to be exceedingly firm. Consols
for money have been 93* 0 and 93% while for the
account the dealings have been at 9311 t. and 94 ,4.
The price for March was about 94. Exchequer
Bills of 5001 each were ls. to 2a. discount. The
New Threes were 94 to 941, the Reduced 931 to 94,
and the New 22 per Cent. 762 to 78. Bank Stock
was 217-1, and East India ditto 219.
A moderate business has been transacted in
Railway Shares, but prices in most instances have
shown a decline of about 71-, per cent. Caledonian
receded ss, Eastern Counties ss, Brighton 10s,
North Western ss, Manchester, Sheffield, and
Lincoln ss, North British 10s, and South Eastern
ss. Great Northern, Midland, and North Eastern
Berwick, maintained fully previous quotations
The French lines were inactive, Great Central of
France declined about ss, and Antwerp and
Rotterdam about ss. Grand Trunk of Canada
receded lOs to 15s, and East Indian about ss.
The sales to day include Caledonian, 611, 1, 60-I
Eastern Counties, 9Z- 4. Great Northern, 924.
Great Western, 651,1, -a. Lancashire and York-
shire, 961. London and North Western, 1064
Midland, 841. Doverth 74 3i.
The half yearly meeting of the London and
North Western Railway Company, is called for the
20th of February. A resolution will be submitted
" for the consolidation into stock of so many of the
London and Birmingham 201. shares, and the
Manchester and Birmingham C la shares, as
have been fully paid up."
Some of the continental money markets are
slowly recovering from the effects of the late pro-
tracted pressure. The latest advices report a
further decline in the rate of discount at Hamburg,
which now only amounts to 5-1 per cent., and a
further improvement is anticipated. At Paris there
is a more cheerful feeling, but no reduction in the
terms has yet taken place,
The produce markets both here and in London
are steady. The sales of auger are to a moderate
extent ; of rum or molasses few transactions are
reported Coffee meets a fair sale, and the tea
market is firm, and full prices paid.
There is still a dull demand for the general
articles of the grain trade, at the several markets
held to day there was very little business trans.
acted, and in most instances prices were in favour
of the buyers..
The Indian exchanges yesterday reported by
telegraph present no alteration beyond a slight
increase of firmness, whiCh will tend further to
oneourage shipments of silver from this side.
The quotations were 2s 211 to 71 at Bombay, and
2a 2-11 to 7-16 d at Calcutta. From China the
additional particulars received, via Trieste, and
dated Hong Kong, December 16, show the exports
of tea to date, to have been 35;000,000 lb , against
48,500,000 lb. at the corresponding period of the
previous year. Of silk there were 48,000 bales,
against 22,600 in 1855. The settlements of silk
were 60,000 halm and pripes were q 0 dole. higher.
Trade at Shanghai and Foochow was going on
without interruption.
We understand that the Mons Collieries project
is not to be proceeded with in its present shape.
Owing to the state of the money market, the
subscription list was inadequately filled. As was
to be expected from the standing of the parties
engaged in the project, steps have been promptly
and honourably adopted for returning to the
subscribers the deposits lodged by them. It is
stated that negotiations are in progress with a view
to ascertain whether a reconstitution of the
undertaking upon a modi4ed basis can he arrived
at In such case, subecribers to the original
project, though now receiving their money back,
will probably be allowed a prior claim to an allot-
ment in the new company.
The departures from the port of London for the
Australian colonies during the past week have
comprised five vessels—two to Port Phillip, one to
Adelaide, one to Swan River, and one to Launces-
ten-e-with an aggregate capacity of 2,565 tons. The
rates of freight exhibit scarcely any alteration. In
the general business of the port of London during
the past week there has been little change. The
number of ships reported inward was 154, being
17 less than in the previous week Theffe included
10 with cargoes of sugar, 30 with cargoes of corn,
flour, ripe, U., and 4 with cargoes of .tea, amount-
ing in all to 38 106 packages, -15,511 chests of which
were brought by the American ship King Fisher.
The number of vessels cleared outward was 85,
including 10 in ballast, showing a decrease of 1.

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