The Northern Daily Times.
Liverpool, Merseyside, England, 1857-03-13 00:00:00

MONETARY AND COMMERCIAL

LIVERPOOL, Thursday Evening.

The Liverpool Cotton Market keeps quiet.
To day the sales were about 5,000 bales, all to the
trade—speculators in the present state of affairs
being afraid to operate. There was no change in
prices.
Although the business in the Liverpool Share
Market was exceedingly limited to day, the market
exhibited more tone, and in some instances rather
higher prices were obtained. The transactions
were—Eastern Counties, 101, 13-16; Lancashire
and Yorkshire, 1014; London and North Western,
10414, a ; Manchester, Sheffield, and Lincolnshire,
36, I, i; Midland, 834, ; North British, 14;
Dovers, 23, 4, 1 16. The following were the
closing prices : Blackburn, 81, 8 15 16 ;
Chester and Birkenhead, 68, 684; Caledonian, 341,
341; Chester and Holyhead, 1817, 19 ; Eastern
Counties, 10 13-16, 104 ; East Lancashire, 99, 994 ;
Great Northern, 234, 24 ; do. A shares, 102, 101 ;
Great Western, 081, xd 681 ; Lancashire and York-
shire Stock, 1014, 1011; Liverpool, Crosby, and
Southport, 191, 198 ; London and North Western
Stock, 104 xd 1044; ditto 4 shares 3-16, xd dd ;
Manchester, Sheffi,ld, and Lincoln, 364, 37 ; Mid-
land Stock, 834, 834 ; North British, 11 7-16 11
9 16; North Staffordshire, 41, 40 ; South Eastern
and Dover, 23 1-16, 234; Scottish North Eastern,.
131, 144.; North Eastern—Berwick, 211, xd 214 ;
York and North Midland, 314, xd 31 A ; Leeds capital
Stock, 191, 20 ; Buffalo and Lake Huron, 1.1-
14 p ; Dutch Rhenish, 3-16, -I p; Great Western of
Canada. 26 5-16, 20g- ; do. New Shares, 3 5.16, np;
Great Luxembourg, 104, 104 d ; Grand Trunk of
Canada, 121, 13.

In the Manchester Share Market to day, a mode-
rate business was done at the following prices :-,
Leeds, 1014, 4, ; Midlands, 84; Eastern Counties,
10 13-16, 4; Dovers, 23 1-16; East Lancashire,
281 ; London Eighths, 4 die.
Some 320,0001 has arrived in gold by the Black•
wall, which entered the Downs yesterday. This,
in connection with that already received by the
Mermaid, and what is expected by the Admiral,
will no doubt have a favourable influence in the
Money Market in the course of a day or two, but
as yet there is no perceptible change worth notice.
The demand for accommodation continues un-
abated, and rates of discount are maintained at
their highest figure.
In the Market for Public Funds and Securities
to-day, a general degree of firmness was apparent,
though very little business was transacted. The
closing quotations of yesterday were current to-day,
Consols for money being quoted at 931, 931, 931,
and closing at 931 ; for money, 934, 934, 931, closing
at 934 to 931. Exchequer Bills were regulated at
par to 4 p.m. The following were the closing
prices : - Ambergate, Nottingham, and East
Junction, 44, 44 ex div ; Caledonian, 694, 70 ;
Edinburgh and Glasgow, 564, 574, ex div; Eastern
Counties, 104. 104; East Lancashire, 98, 99 ; Great
Northern, 744, 754; Ditto A. 854, 87 ; Great West-
ern, 684, 681 ; Lancashire and Yorkshire, 1024,
1021 ; Leeds Northern, 391; London and North
Western, 1044, 1044 ; London and South 'Western,
1044, 1041; Manchester, Sheffield, and Lincoln-
shire, 36, 37; Midland Stock, 811, 811; North
British, 451, 461 ; South Eastern and Dover,
744, 744 ; York, Newcastle, and Berwick, 841,
851 ; York and North Midland, 611, 62 ;
After official hours the transactions were at the
foPowing prices :-Caledonian, 694, 694, 70 ;
Eastern Counties, HI, 10'1; East Lancashire,
984, 994; Great Northern, 944, 951 ; Ditto
A Shares, 85 87; Great Western, 681, 681 ;
Lancashire and Yorkshire, 1011, 1011; London
and North Western, 1044, 1044 ; Manchester,
Sheffield, and Lincolnshire, 361, 37 ; North
British, 451, 46.1; South Eastern and Dover, 744,
741 ; York, Newcastle and Berwick, 84-, 854 ; York
and North Midland, 611, 62.
The half yearly meeting of the Northern
Railway Company was held in London to-
day, Mr. E. Dennison, M.P , in the chair. His
proposal to affix in the usual way the seal of
the company to the register of shareholders
was violently opposed on the plea that it would
legalise. all the fraudulent stock. But the
chairman ultimately disposed of the matter by
affixing the seal, as he was legally entitled to
do, without the consent of the shareholders.
He then moved the adoption of the rep9rt,
observing that but for the Redpath frauds
the dividend in connection with that of the
preceding half year would have been at the rate of
5 per cent per annum. Mr. Hughes moved as an
amendment that as the directors and auditors had
not taken proper precautions, the meeting was of
opinion that they ought to be made personally
liable for the Redpath frauds. The amendment
having been lost, six or eight shareholders
rose to move other amendments. One was for
immediately expunging the charge for reli-
gious instruction, but it was • lost. The
Chairman then explained that a dividend
could not be declared without an act of Parliament,
and as such act could not be procured in the
present Parliament, he moved that the directors
he instructed to obtain an act when the new Par-
liament met, to enable them to provide for the
losses occasioned by Redpath's forgeries. Several
amendments were instantly threatened, but the
chairman said that if one were carried declaring a
dividend, he would not obey it. Various amend-
'Dente were, however, put, but were all lost.
The adviees from Paris communicate the leading
French names connected with the proposed Inter-
national Bank. These include M. Jayr, who was
formerly Prefect of Lyons and Minister of Public
Works, and who is now one of the managing
directors of the Eastern of France and Lyons
and Geneva Railway Companies; M, Arles
Dufour, under whose guidance the French Uni
versal Exhibition was carried on ; M. Vandal, of
the department of the Ministry of vinance, a man
of great financial capacity ; M. Montane, deputy,
and a large shipowner; M. Bischoffsheim,
the well known banker ; and M. Donon,
of the firm of Donan and Co. These advices re-
assert, in contradiction to interested statements
which have been set afloat, that speculative busi-
ness like that which has been so extensively prose-
cuted by the Credit Mobilier Society is to he
particularly eschewed by the proposed hank. In
fact the statutes of the bank, whiCh have already
been published, are perfectly explicit upon this
point,inasmuoh as they authorise the institution to
embark in only legitimate banking business, and
preclude it altogether from dealing in shares upon
the system of the Credit Mobilier Society. Should
the International Bank be formally sanctioned,
its object will be to promote the establishment in
Paris of the leading points of the English joint
_ _

stock banking system ; and for this reason the
undertaking is viewed with interest and satisfac
tion by parties n England who would deprecate
in the strongest manner any extension of merely
speculative facilities.
The dividend court of the Bank of England pro-
prietary is called for the 10th instant. The court
for the election of governor, deputy governor, and
directors, is to be held on the 14th and 15th April.
An auction of the foreign redeemable debt of
_ _

Spain is to take place at Madrid on the 31st inst.
The sum assigned is 375,000 reals. Tenders are
to be received in London until the 20th.
The advices from Paris mention that the shares
of the London General Omnibus Company were
officially admitted into the Bourse on Tuesday.
Numerous transactions ars reported at 113 f. 75c.,
115 f., and, last, at 112 f. 50c.
Amongst the new projects for which subscrip.
tions are solicited in the Paris market is one for
the " carbonisation of wood," and for the " extrac-
tion of pyroligneous acids." The proposed capital
is 48,000/.

FOLEY'S AMERICAN GOLD PENS.—CIIatIeS mer
wholesale and retail stationer, 19, South John•street
respectfully intimates to merchants, traders, and dealers,
that he has been appointed sole agent for the sale of Foley's
celebrated American Gold Pens, which are universally
acknowledged to be far superior to any other manufactured
either in America or this country, They are sold cheaper,
are made of the best gold, with superior points, and are
warranted to wear at least ten years. In America they
have been extensively used for that period, and are pre-
ferred to new ones. The prices range from Svc shillings to
a guinea each. Supplied wholesale by Charles Willmer,
19. South John-street. Liverpool.—Advt.

Cominerrtai Intelligence.

LIVERPOOL COTTON MARKET.-1M ARC 12

We have again to report a quiet business i❑ cotton, and
with no pressure to realise—steady prices. The sales—
including 50 Pernambucos 8 d, 150-Bahias 7id to 80, 30
Maranhams B.ld, 1 Egyptians 91d to 10d, and 500
Surats 50 to 6id—are reported 5 000 bales to the trade.