Northern Times.
Liverpool, Merseyside, England, 1859-01-14 00:00:00

MONETARY ,AND COMMERCIAL.. •
LIVERPOOL, Thursday Evening,

There was not such a good, feeling in our Cotton
Market to-day, and.. prices must now be quoted
fully 1-16 d. per lb. lower than on Friday last.
The sales to-day, were 5,000 bales, including 500
on speculation and for export.

hi the Liverpool Share Market to-day, there
was more business doing, and .at the close, an
advance had been established.

The Market. for the Public Funds and Securities
opened firmer to-day, and have advanced, closing
at their firmest, on a better feeling with respect to
foreign political affairs. Consols closed at 9öt to 94
for Money, and 95a for the Account. The New
Threes were done at 96 to 96k, and. Exchequer
Bills at 36 to 39.

The London Railway Share Market commenced
at an improvement, and experienced a further ad-
vance, The settlement progresses very favourably.
Foreign Stocks closed firmer. Banks, Mines, and
Miscellaneous Shares were about the

as. yesterday. The following were the closing
prices :—Ambergate, 61, 6 ; Caledonian, 871 ;
Do. Pref., 103, 105 ; Eastern Counties, 621, 63,1 ;
East Lancashire, 94,,96 ; Edinburgh and Glasgow,
681, 691 ; Great Northern, 106, 1061 • ditto A.,
90, 92; ditto 8., 133, 135 ; Great Western, 56,

564 ; Lancashire-and YOrkshire, 964, 97; Brighton,
112, 113 ; London and North Western,
.961 961;
London and South Western, 93, 94 ; Manchester,
Sheffield, and Lincolnshire, 38, 39 ; Midland,
1024, 1021 ; North British, 61, 611 ; Do. pref.,
112, 114 ; North Eastern—Berwick, 934, 94;
Leeds,. 48, 49 ; York, 774, 78 ; North Stafford,
44, 41 d. ; Dovers, 74, 741 ; Turkish Sixes,
90, 904 ; Do. Fours, 1051, 1051 ; Great Western
of Canada, 15P,-, 154; Do. New, 3.&, 3N d. ; Grand
Trunk of Canada, 9 13-16, 9 5-16; Bank Stock,
225, 227.

The London Produce Markets remain in a very
firm state. Sugar meets with a good demand, at
full prices, refined being rather dearer. The
public auctions of Ceylon Coffee went off firmly.
Tea is quiet at former prices. Rice wanted, but
holders demand stiffer rates. Saltpetre continues
to advance.

A large number of heavy failures are expected
to be announced in Paris during the half-monthly
settlement now about to take place. At Vienna,
likewise, the losses must have been severe, and in
the prevailing uncertainty bills upon that city are
almost unsaleable.

The usual quarterly meeting of the Ironmasters
was held in Wolverhampton, yesterday. The
attendance of the trade was not numerous; and
the prevailing opinion . appeared to be, that
there was scarcely so much buoyancy as
existed a fortnight ago. Prices . were, not-
withstanding, very firmly maintained—in that
respect no retrogression whatever being
apparent. The slight check which has been expe-
rienced is not an unhealthy indication, but may
possibly be useful to prevent that speculative action
of which the germs 'were visible at the pre-
liminary meeting. It is not easy to arrive at any
conclusion as to the amount of. business done, but
some very fair contracts were given out, and that
amongst consumers generally there is a feeling of
confidence that prices. are not likely to recede:
All the principal makers are pretty full of orders ;
within the last week or two many having come in
from Australia, the United 'States, and from India ;
and shippers are manifesting a disposition to in-
crease their operatimis; The unpleasant turn which
matters have, unexpectedly taken in connection
with European politics was a good deal discussed
at this meeting, but the prevailing feeling ap-
peared to be that the prospects of the Iron trade
generally are sufficiently good to allay any appre-.
hensions as to the future. The price-of pig-iron
is scarcely so high as we' last quoted it ; • but
there was,no positive alteration of prices declared
to-day. Ironstone and Coal are in active demand ;
prices have a tendency upwards. AS regards
manufacturers' quarter-day, this has heen the most
healthful one experienced for the last fifteen
months. Accounts were well paid. The Wolver-
hampton faetors are in good spirits, and many of
the manufacturers are busy, they having a good
supply of orders before-hand.
There is still a good demand in the Discount
Market, but the supply of money has increased
Since the payment of the dividends. The terms for
the best paper are 2 to 21 per cent. At the Bank,
the applications yesterday were rather more numer-
ous than on Tuesday, but still very moderate. The
bulk of the advances obtained during the shirtting
of the transfer books have now been repaid to that
establishment.

With reference to the market for American
Railway Securities, Mr. E. F. Satterthwaite
reports as follows :
The Market in London for American Securities during
the past week has remained very stationary. United
States Five per Cent. Bonds have declined per cent.,
being offered at 95 since the further issue of $10,000,000,
announced to be made in March. There is a good de-
mand for Pennsylvania and Massachusetts State Stocks,
at fully late rates. New York Central Bonds continue
to be taken for investment, and we note many inquiries
for this company's shares by parties desirous of securing
the forthcoming dividend. Illinois Shares have improved
to 34 since the meeting of shareholders on Thursday the
6th inst. At this price the market was freely supplied,
and they close dull at 33 dis., without buyers. In con-
struction Bonds very little is doing. :We give below a list of
dividends just declared by several railroads in the state of
Massachusetts, being at the rate of , 6 to 7 per cent per
annum. These dividends have been uniform for a series
of years, and in some, if not all, the capital account re-
mains the same; so that, if these dividends are paid, and
65 per cent charged for working expenses, it evinces a
very sound state of things. They furnish a test which, if
applied to most English railways, would almost, if not
quite, annihilate dividends. Dividends for past six
months: Boston and Maine, 31 per cent; Boston and
Providence, 3 per cent; Boston and .Worcester, 3 per
cent; Lowell and Fitchburg, 3 per cent ; Rome and
Watertown, 3 per cent.

SCULLY AGAINST INGRAM.—The attempt made on
Tuesday by Mr. Bovill, on behalf of Mr. Ingram, the
member for Boston, to enlarge the time granted for a
motion. for a new trial of the cause of Scully v. Ingram,
was unsuccessful. The Judges refused the application,
and the motion will be made forthwith.

A letter from Belgrade, in the Post .4rnpt Gazette'of
Frankfort, contains the following curious piece of infor-
mation : ":The Skuptschina opened a credit at the

public treasury in order: that each deputy might receive a
pig as a Christmas present. The breeding of pigs is, as
is well known, the principal commerce carried on in the
principality."
The Newcastle Sessions terminated on Saturday morn-
ing, the number of prisoners having been more than
usually large. " With regard to the Recorder," says
the local Chronicle, "the difference in his court appears
to have terminated. The members of the bar attended
as usual, and the ordinary harmony and good feeling
appeared to prevail."
LADIES BEWARE.— A coquette residing near Dancy-
ville, Pa., caused a young man named Jones to commit
suicide, on Sunday the 12th instant.. She had promised
her hand to two young men, of whom Jones was
one, and had appointed the 16th inst. in each case as the
day for the wedding. This state of affairs became
known to the two lovers, one of whom relinquished his
claim to his rival, Jones. Whether Jones was aware of
this turn of affairs is not known, but on the 12th instant
he went to his room, attired himself in a suit of clothes
that he had obtained for the wedding, and shot himself
through the head.—Anicrican paper.

Is AN ATTORNEY EXEMPT FROM SERVING TILE OFFICE
or MAYOR ?—This question having recently come before
. the town council of Newcastle-under-Lyme, the town
clerk, by the direction of the council, prepared a case,
embodying that known as Gerad's case, reported in 2, W.
. Blackstone, p. 1,123, wherein a lawyer residing in the
county of Middlesex was ballotted to serve in the militia,
but claimed exemption on the ground that he was in full
practice. It was, however, held in this case that exemp-
tion could not be so claimed, as it was possible for the
defendant to have commuted the service by payment of a
fine of £lO to provide a substitute, and he conseqUently
lost his case. The case was submitted to W. N. Welsby,
Esq., and at the meeting of the town council on Tuesday
evening the opinion of that gentleman was read. The
learned cotmsel expressed his concurrence in the view of
the law as laid down in Gerad's case, which lie considered
•to be analagous to the one before him, and hence that.
Mr. Udall was liable to pay the fine. Alderman Dickson
proposed that proceedings be taken for the recovery of
the penalty of £5O. Alderman Hallum seconded the
potion, whicli, OW some discussion, was carried.