Northern Times.
Liverpool, Merseyside, England, 1859-06-10 00:00:00

MONETARY AND COMMERCIAL.
LIVERPOOL, Thursday Evening.
There was not so much doing in the Liverpool
Cotton Market to-day, and prices were hardly so
firm, being quoted 1-16 to Icl per lb. lower than on
Friday last. The sales were 5,000 bales, including
500 on speculation and for export.
In the Liverpool Share Market to-day there was a
rather dull feeling in the forenoon, but towards
the close a slight reaction took place,
and prices were fully as high as at the
closing hour last evening. The following were
the day's transactions :-Eastern Counties, 10 13-16,
104 ; Lancashire and Yorkshire, 88, 881 ; London
and North Western, 881, 884, 89 ; Midland, ' 97i1,
974, 98 ; Shropshire Union Railway Company, 43 ;
Dovers, 19 7-16, 191 ; Buffalo and Lake Huron, 41 ;
Grand Trunk of Canada, 81 ; Liverpool and London
Fire and Life, 74 p. The following were the closing
prices :-Chester and Birkenhead, 671, 681 ; Caledo-
nian, 781, 781 ; Eastern Counties, 104, 11 ; East
Lancashire, 85, 86 ; Great Northern, 98, 100 ;
Great Western, 534; 544; Lancashire and Yorkshire
Stock, 884, 881; London and North Western Stock,
884, 89 ; Ditto one-eighth shares, 1 13-16, 1 11-16 d ;
Manchester, Sheffield, and Lincoln, 341, 354- ; Midland
Stock, 98, 981 ; North British, 53, 54 ; North
Staffordshire, 44, 41 d; North Eastern --Berwick,
861, 861; York and North Midland, 701, 701 ' • Leeds
Capital Stock, 44, 45; South Eastern and Dover,
194, 194 ; Dutch Rhenish, 6i, 64 d ; Great
Western of Canada, 144, 144 ; Do. New Shares,
61, 64 d ; Great Luxembourg, 5 3-16, 5 5-16 ; Grand
Trunk of Canada, 8 11-16, 84 ; Lombardo-Venetian
14, 11 d; Do. New Shares, 11, 11 d.
The General Produce Markets remain very dull,
with the exception of Sugar, for which an active
demand continues, at rather higher prices ;
the sales to-day comprised 230 hhds Jamaica at 37s
to 41s 6d; 300 bags grainy Demerara at 42s 6d ;
1,400 bags fine yellow Cossipore, at 46s 6d ; 500
bags Singapore at 34s 6d to 40s 6d.; 400 bags
Maranham, in bond, at 23s ; 3,800 bags low brown
Bahia at 21s 6d, and 3,300 bags Ceara at 23s per
cwt. Nothinc, further has occurred in Molasses or
Coffee, and oCRum, only 40 puncheons Jamaica are
reported without change. The Rice market continues
inactive, and we have no sales to report. The Oil
Seeds advertised for sale to-day were all withdrawn ;
but subsequently 500 bags brown Bombay Rapeseed
sold at 41s per quarter. The London Markets are
quiet at previous prices.
The Money Market remains in a very quiescent
state, the applications for discount accommodation,
both in the private banking houses and the national
establishment, being inconsiderable. The advices
from the manufacturing districts, although more
favourable than they were a few weeks since, prove
that production is regulated by the immediate re-
quirements of home and colonial markets. At the
Stock Exchange there is a complete absence of
speculative animation, and the few bond fide dealings
-which will shortly be stopped by the closing of the
Transfer Books-are insufficient to promote activity.
The specie movement continues exceedingly active ;
but, although a considerable quantity of Gold is
absorbed on Continental account, the bullion at the
Bank of England still shows a tendency towards
accmulation. The surplus arrivals, after the export
demand is satisfied, are disposed of to the authorities ;
and, although the quantity thus appropriated is
limited, it keeps the stock of Precious Metals at a
very satisfactory total. The shipments of Silver to
the East are less extensive, and a very small portion
of the Gold consigned to the Continent is intended
for the purchase of that metal.
The Market for the Public Funds and
Securities was very firm to-day, and several
heavy money purchases were • made ; and
generally stock is scarce. Consols for Money closed
at 934 to 94, and for the Account, 931 to 934, being
a slight advance on yesterday's quotations.
Exchequer Bills were steady at 20 to 25; Bank
Stock, 219 to 222, and the New Threes, 92.'4
to 92Z.

check to the

alteration

- The accounts froni Lancashire on Wednesday show
that the last advices from India have given a great check to
the activity in cotton goods. There is also less doing
for some of the Continental, and especially the German
markets.

The old firm of Prior, Turner and Co., in the Neapolitan
trade, who suspended at the end of January, have discharged
all engagements in full.

The subscription at Berlin, for the Prussian 5 per cent.
loan of £4,500,000, at 95, is likely to be soon filled, the
applications for/small accounts being very numerous.

REDUCTION IN THE BANK RATE OF
DISCOUNT.

LONDON, Thursday.—The Bank has reduced its
rate to Three per cent.

LIVERPOOL PRODUCE MARKET. JUNE 9.
SUGAR: The demand continues good,with rather a dearer
market ; the sales comprise 230 hhds Jamaica, at 37s to 41s
6d, 300 bags grainy Demerara at 42s 6d, 1,400 bags fine
yellow Cossipore at 46s 6d, 500 bags Singapore at 34s 6d to
40s 6d, 400 bags Maranham, in bond, at 235, 3,800 bags
low brown Bahia at 21s 6d, and 3,300 bags Ceara at 23s per
cwt.

MOLASSES : Nothing to report.
Rum : Only 40 puncheons Jamaica are re

eported, without

COFFEE : No business to noticE
RICE : The market con

tinues inactive, and no sales have

transpired
DYEWOODS : 5 tons Campeachy Logwood at £6 17s 6d,
and 10 tons Limawood at £l3 15s per ton.
NITRATE or SODA : 15 tons sold at 15s to 16s.
SALTPETRE : Nothing further has taken place.
BRIMSTONE : 20 tons taken at £lB 10s per ton for good
seconds. .

In the London Railway Share Market to-day,
there was -but little business done, but there is no
change to notice in prices. The following were the
closing prices :—Ambergate, Nottingham, and Eastern
Junction, sfi, ; Caledonians, 78t, 781 ; Eastern
Counties, 541; East Lancashire' 85, 86;
'Glasgow,Edinburgh 7l, 72 ; Great Northern, 99, 100 ;
ditto A, 80, 82 ; Great Westerns, 531, 51 ; Great
Western of Canada,l44-, 14Z- ; Grand Trunk of Canada,
81, 8,3; Great Southern and Western, 104, 106 ;
Lancashire and Yorkshire, 87+ 881 • London and.
North-Western, 881, 89 ; London and South Wes-
tern, 88+, 89; Leeds Northern, 44, 45; Manchester,
Sheffield, and Lincolnshire, 341 351 ; Midland Stock,
971, 98; North British, 53, ; South Eastern and
Dover, 641, 6:5 ; York, Newcastle, and Berwick,
86, 87 ; York and North Midland, 701.
The Grain Trade remains very quiet, and at the
markets held to-day a further decline was submitted
to. As the season advances the interest in this trade,
and the amount of business, is naturally growing
smaller, and this has been visible to some extent
even in comparing the past week with the previous
Ct

ARGOLS : 5 casks Sicilian at 67s 6d.
SUMAC : 100 bags C.D.E. at lOs 6d.
PEARL SAGO : 500 boxes have realised 16s 6d to 18s 6d
for large.
OILS : Palm, small sales at £47; Olive, 100 tons have
changed hands on private terms; Linseed oil quoted at 29s
6d.

SPIRITS OF TURPENTINE
arrive, at 41s 6d.

75 barrels on the spot, and to

SEEDS : The parcels offered at auction to-day were all
withdrawn ; but, subsequently, 550 bags brown Bombay
Rapeseed sold at 41s per quarter.

LIVERPOOL COTTON MARKET—Juan 9.
We have to report a quiet market for dotton to-day, and
prices are 1-16 d per lb. in the middling and better qualities,
and kd per lb. in the lower classes down since Friday.
The sales—including 10 Pernambuco, 88d; 60 Bahia, 71d
to 71d ; 250 Egyptian, 8d to 9d ; 500 Surat, 4L--d to 5/d—
are reported 5,000 bales, of which 500 are on speculation
and for export.

MANCHESTER CORN MARKET—JUNE 9. '
Market moderately attended, but transactions in wheat
and flour restricted, at a decline of is per sack. Oats and
oatmeal also in limited demand, and may be quoted is to 2s
lower for the former, and for the latter is lower. Indian
corn and barley are also rather easier, whilst beans were
without change.

The weekly report of trade at Dundee says that
the flax market continues very dull, and the amount
of business done has not been large. The lower
descriptions are offered at a considerable reduction
on former rates, while for the better kinds rather
lower prices have also been accepted. Consumers still
look forward to a further deline, and consequently
limit their operations as much as possible. The
arrivals during the week have been unimportant, but
9, good many are shortly expected. Medium qualities
of Tows and Codillas have been inquired for, and
some trifling sales have been made, although, in some
instances, at lower prices than would have formerly
been agreed to. Jute continues very dull, and
business is limited. Flax. and Tow Yarns move off
very slowly, and prices are again rather lower.
Jute Yarns remain unchanged. In Linens there is
no improvement to notice.
A meeting of merchants in the corn trade, was
held in Leith, on Monday, with the view of formiug
a Corn Exchange in that town. The revenue of
Leith is the largest of any port in Scotland, except
Glasgow ; and its imports of corn are larger than
Dundee, Newcastle, or Glasgow. It is expected
that a good Exchange may be built for £3,000, and
of that sum no less than X 2,500 were subscribed at
the meeting. METROPOLITAN CATTLE MARKET.—JUNE 9.
An additional telegraphic wire is at present being The supply of beasts on sale here to-day, was limited;
put up along the line of the Great North of Scotland but the shew of sheep, lambs, and calves, was rather exten-
ive. Generally speaking, the demand ruled steady, at
s
Railway, in order to afford the means of direct tele-
Monday's currency. Beef, 3s 2d to 4s 8d; mutton, 6d
graphic communication between Aberdeen and to 5s 2d ; lamb, 5s 2d to 6s 2d ; veal, 3s 10d to 5s 2d ;3s and
Inverness.
pork, 3s to 4s 2d per 81bs, &c. Total supply : Beasts,
An alteration in the Bank Rate of Discount was British 712, foreign 60; sheep and lambs,
British 8,220,
not generally looked for to-day, but the directors foreign 450 ; calves, British 440, foreign 250 ; pigs,
have this morning announced a reduction from 31- British 300.
to 3 per cent. LONDON TALLOW MARKET.—JUNE 9.
• The position of the Silk Market is thus noticed in The market is quiet. Prices are quoted as follows :
the circular of Messrs. Durant and Co., of London : I Town tallow, 52s net cash ; Petersburg Y.C., on the spot,
We have good current business in silk, with some improve- 555; July 555; August and September, 55s 3d; October
meat in prices, consumers, both home and foreign, replenish-
to December, 565.
ing their almost exhausted stocks with comparatively little LONDON MINING MARKET. —JUNE 9.
hesitation. In China silk the transactions have been con- The transactions in the home mining share market to-day
siderable, and the deliveries are returning to something have been upon a limited scale. In the Stock Exchange no
like their usual scale, with a rally of probably Is. upon the business is officially reported, but in other quarters shares in
forced sales in the early part of last month. Bengal Silk the undermentioned mines have changed hands, namely West :
at present shares only to a limited extent in this altered West Frances, East Gannislake, Hingston Downs,
state af the market ; still some business is doing, and in i Seton, Bedford United, and United Mines. Foreign and
the better classes especially we have a rally in prices. The colonial mining shares remain dull.
accounts as to crop in Europe are unfavourable ; it is yet
early to know anthing definite, but there is too much LONDON MONEY MARKET.—Jugs 9.
reason to fear it will be scarcely equal to that of last year. Consols opened at 931 to 93a, and advanced to 93,,
22ndTbe periodicalinstant
thouy3eprse,r acnendt.wesrehasrteeasdsytillatvetrhyisinraactteiv;e,bwatiitkhoruattechlaonwgoeearteisnd
With reference to the London Freight Market,
the fortnightly circular of Messrs. Sharer, Lamb,
and Co., has the following :
Thereis now more diversit in the state of each trade, and
nwo e
site:
lwhole,
n characteristicatsh ew alts ed recentlyceases
ite rran
the
applyen
r gee
BIRMINGHAMa nad
supplyi a n steadyo fw hc;
CORN
tF
frreoni
nmc French
farmers,
MARKET.—JUNE
uKI l
E;
TLombards,.—a njduaN 96.
made were at a decline of is .per quarter, but most of which
,cashoem.
eNTvahredms
.....osttsheensditiisvteincbtiiisoin-
between backward and advanced ships being even more de- oftwu went
nt
c hbeaacpke
unfavourabler unsold.
Beauscrop crops.
. Barleyheld
p os
rrmamtahoi
rather
rte maintained
money,
eints qiiniviracelodunesf.eolzence
tided, and the most recent rates are highest. Outward coal
freights are improving. Baltic coal freights are slacker, DUBLIN CATTLE MARKET.—JuNE 9.
and the homeward chartering (Cronstadt and Riga espe- There was rather a good attendance to-day
d , considerig
naily) is influenced by arrivals long deferred. Canadian the weather. Grass-fed heifers brought from"6o 63s p
rates tend upwards. East India quotations arc much the i cwt, stall-fed 48s to 60s per Cwt; sheep firm, fro3 to
mid 9d per
to 7d '

LONDON PRODUCE MARKET.-
SUGAR : The market for all current qualities continues
firm, with a good demand. Refined lumps, 51s to 535:
COFFEE : This article is in good demand. Fine ordinary
to low middling Jamaica, 59s to 645; Plantation Ceylon,
low to middling, 68s to 73s ; fine, 74s to 77s ; Native Cey-
lon, good ordinary, fetched's3s.
COCOA : Trinidad sold at steady prices.
TEA : The public sales are going off steadily. The news
by the China mail received this morning is favourable for
the market.
RUM firm ; leewards, good, 2s 4d ; proof Demerara, 2s 6d.
SPICES sold at about preyious rates.
In other articles no material alteration.

JUNE 9

- CORN AVERAGES.—TUNE 9.
The following are the corn averages for the week ending
June 4:—Wheat, 538 5d ; barley, 33s 8d ; oats, 26s Id ;
rye, 378 7d ; beans, 47s ; peas, 40s sd.

BOROUGH HOP MARKET.—JUNE 9.
An average business doing in all kinds of hops. Although
the bine is progressing steadily, and prices generally are
well supported, the show of samples is rather limited.

same as last noted. In all likelihood sea carriage will not
permanently cheapen in any direction.
With regard to the market for American railway.
securities, Mr. E. F. Satterthwaite furnishes the fol-
lowing report :
The market for American securities in London, during
the past week, has been steady, but without much anima-
tion. Federal and States' bonds are in fair request, as are
also Pennsylvania Central and New York. Central bonds.
The low price of Erie Third Mortgage bonds has attracted
buyers, and all offering from 56 to 58 have been taken.
Illinois Ceritral shares have been freely bought, and have
advanced from 46 to 44 discount. There is still a demand
for Free Land bonds, by parties who are paying up shares
in full.

The Funds this morning showed increased strength, and
a fresh rise of 1. to .1-4 per cent. was attained. News of a
decline on the Paris Bourse occasioned a partial reaction,
which was strengthened by vague rumours that the French
had sustained a severe check. The market finally closed
nearly per cent. lower than yesterday. Mr. Disraeli's
allusion to the measures of finance, of the gravest character,
which are about to be brought forward, attracted a good
deal of notice, being interpreted as foreshadowing a Govern-
ment loan for the armaments now on foot. Gold continues
to be taken to the Bank, the amount to-day being £15,000,
making an ascertained total of £160,000, since the date of
the last return. —Daily News City Article, Wednesday
Evening.

The absence of any later news from France has facilitated
the circulation to-day of a multitude of retiort

Sardinia has also been currently asserted. V It is certain,
however, that up to the close of business nothing had
transpired to establish these statements ; still they have had
the effect of keeping the Stock Market in a state of
excitement, especially as the prices from the Paris Bourse
showed a decline of 1 per cent. The supply of money has
not experienced any diminution, and some persons were
disposed to anticipate a further downward movement in the
Bank of England rate. The fall reported in British
Railway Stock is from a to I- per cent., and extended
to all the leading stocks, except North British, Great
Northern, and Sheffield. which left off without
Times City Article, Wednesday Evening.
According to the Opposition statements in both Houses of
Parliament on Wednesday night, a sum of 57,000,000 must
be provided by the Government, to bring the revenue up to
our present rate of expenditure. The account will probably
not prove quite so bad, but the Chancellor of the Exchequer
seems to wish to prepare the public for a consideration of
the subject, by announcing that the financial measures in
preparation are of the gravest character