Northern Times.
Liverpool, Merseyside, England, 1859-02-14 00:00:00

MONETARY, AND: COMMERCIAL.

. _ . .
_ LIVERPOOL,SOurd4 Evening.
Great activity still pervadeS Tlhe- liverpool
Cotton Market; 'and ' to-day, With a very active
demand and a large.: business; prices have. furthetti
advanced a sixteenth of a penny per pound: The
total sales to-day reach 15,000. bales, of_. which
about one-third were-taken for speculation.
With very little activity in the Liverpool.-Share
Market, . there has been - but a small amount of
business' done to-day; and prices throughout, have
had, a downward
.tendency, closing weak at the
.folloWing quotations for actual transactions :
Eastern Counties, 12 7-16; Lancashire and YoriL
shire, .951, 95'4, 95k, .95a- London and Nortli.
Western, 95;1, 95;1, 951 ; .Do: One-eighth
shares, 15-16:d; Manchester, Sheffield, and ,Lincoln-
shire, .38k, .38; . Midland,. 10u, 104; Grand
Trunk of Canada; it.
So far from the aspect of affairs on the Continent
producing any improvement in the tone of com-
mercial affairs in the London Stock Markets,, the

contrary is the fact. ' This morning the- = funds
opened heavily, at a further decline of from a six-
teenth. to an eighth per cent for Consols, with very
little disposition to operate speculatively. At noon
Consols were quoted. 95, exactly, for money, and
.951 to 951- for the 9th Of March. The Three per
Cents. Reduced. were dealt in at 951; the New
Three per Cents. at 953 to 954 ; India Stock, at
219 to 221 ; Indian Four per Cent. Debentures, at
931 to 981; India Bonds, at 18s to 22s prem. ;

Eicheque;; Bills, March, at 33s prom..; ditto.
June, at 35s to 36s prem. ; and Exchequer Bonds,
falling payable in May next,. at 1001. • There was
very little variation from these quotations, but if
anything prices were rather weaker.
The London Railway Share Market has been
very.flat all day, and prices are decidedly lower-
A number of the leading stocks, including London
and. North-Western, and Lancashire and York-
shire, are quoted to / per cent. loVirer than at
four &block yesterday. Midland and Caledonian
have declined toy per cent. Great* Western•,.
North Eastern, and North British are steady.
Present quotations are as follows :—London and
North Western Stock, 952• to 951; Lancashire and

Yorkshire, 95.;1 to 9 5 ; Midlana, 101:- to 1011;
Great Western, 56 to 56k; Caledonian, 85 to 86;
South Eastern, 221 to 22! per share ; Berwick,
931 to 94 ; York and North Midland, 781 to 79;
North British, 62 to 6.21; and Eastern Counties,
12 7-16 to 121 per share.
The Money Market continues remarkably easy,
owing to the entire absence of anything like a
demand for commercial or speculative purposes.
To-day first-class bills were negotiated as low as 2
per cent., and the result is that very few applica-
tions are received at the Bank of England, where
2t per cent. is charged. The Bullion in the Bank
of England continues to accumulate, and the total
now represents nearly 191 millions sterling. This
extraordinary plethora would no doubt excite dis-
cussion relative to the probability of a further
decline in the minimum, but for the prospect of
several new channels being opened for the active
employment of money during the next six months,
especially if encouragement is given to foreign loans.
During the past week the movements of specie
have again been on a large scale : The receipts have
amounted to 394,779/., comprising 15,5141. by the
Niagara, 49,800/. by the Jura, and 35,400/. by the
City of Washington, all from the United States;
47,752/. by the Clutha, 161,8521. .by the Norfolk,
and 75,461/. by the Thames, from Australia ; and
the Armenian, from the West Coast -of Africa,
with 9,0001. The exports have been 242,130/, to
Bombay by the Behar, and shipments to the
Continent through the London' Customs', to the
amount ctf 1,724/., making a total of 243,8541.-
The gold knOWn to be at sea from Melbourne is
valued at 428,600/. The Red Jacket has been out
74, days , with 158,4001; the. Morning Light, 60
days, with 54;800/. ; the Tornado, 59 days, with
116,600/. ; and the Anglesea, 57 days, with 91,800/.
About two-thirds of the 47;7001 in Australian gold
by the Clutha, was purchased yesterday for the
Continent. About 80,000/. of the remittance by
the Norfolk has also been taken, although not
,yet
delivered, and further amounts are likely to -be
sent away.

The aciviees received from Paris this afternoon
by telegraph, report that great inactivity prevailed
' on the Bourse, and that the Three per Cent. Rentes
had sustained a further decline 'of an eighth per
cent. compared with the closing reduced quota-
tions of last night.
The Scrip for the new Austrian loan remains
very dull, atl to g- prem
It is stated that the question of raising a loan for
the reconstruction of the navy, for fortifications,
and for harbours of refuge, has for some time
engaged the serious consideration of the British
Cabinet. A total of several millions sterling is
talked of as likely to be asked, in the event of
Ministers mustering sufficient courage to' submit
the proposal to the parliamentary ordeal. For the
harbours of refuge a maximum sum of two
millions is spoken of.
The steamer Emeu, with the English mail for
Australia of December, arrived at Point de Gallo
on the 13th January, from Suez, with her usual
punctuality, and sailed again two days after-
wards.

Advices from Bristol announce the failure of
Messrs. Charles Minifte and Co.' hosiers and haber-
dashers, College-green. The liabilities are esti,-
mated at from 10,0001. to 12,0001., but we hear
that some of the creditors are partially, secured,
Messrs. Barnard, Thomas, and Co. are engaged'
preparing a statement of the assets and liabilities,

-which is to be submitted to a meeting of creditors
to be held in London on Thursday next.

The following are the Gazette average prices of
Muscovado- Sugar, for the week ending Feb. 8,
1859, 'exclUsive of Custom's duties payable thereon,
on the impartation thereof into Great Britain :
From the West Indies, 28s. 9d. per cwt. ; from
Mauritius, 265. 71d. per cwt. ; average price of the
foregoing descriptions, 275. 11d. per cwt.
The private advices received from Peinambuco
this morning, state that for Channel kinds of
Sugar, there had been very little fluctuation for
the month ending the 12th ultimo. The entries
during the month had been 95,410 bags, or 6,815
tons against 7,305 tons for the corresponding
period of last year. The total entries since
October are. stated at 18,200 tons against 20,434
tens, for the corresponding periodof last year. The
shipments during the month had been 7,530 tons,
and the total shipments since October Ist, had

been 14,009 tons against 15,731 tons for the cor-
responding period of last year. Prices had been
steady throughout the month, at from $2 400 to
$2 500. The shipment of cotton during
the month were stated at 1,806 bags, and the
total shipments since the Ist of , July 13,440 bales,
against 18,898 bales last year. Twelve vessels
had been chartered at from 35s to 37s 6d to the
channel for order; and 97c1 to T4l-Prninl for
sugar, and 7-16th of ald for cation. There had
bccri a moderate business done in Exchange on
London, about 100,0001. having been done at 261
to 26fr for ninety-days' paper. The rate of dis-
count during the month had been eight per cent
per annum for bills at four mouths, arid nine per
cent for six months paper.
The commercial accounts from the River Plate
are favourable upon the whole. In the Plazas
the transactions had been confined almost entirely.
to Wools which had come forward in very con-
siderable quantities, and in consequence of the wet
season, very clean and light_in grease. In conse-

quence, prices continued fo rise, and the quotations
were very considerably in advance of last year.
The Import Market had been dull at Buenos Ayres,
and the collection • of outstandings was attended
with even greater difficulties than before. Money
was exceedingly scarce, and in consequence of the
small supplies of produce going forward there was
a great demand for exchange, which had, in con-
sequonce, risen to from 68s 6d, at which rate some
amount was passed previous to the arrival of the
packet, to 70s. and 71s, which were the last
quotations. A very unpleasant affair had
transpired, and created a great sensation
among the commercial community. It was the
discovery of a forged bill, bearing the name of
one of the principal English importing houses
of Buenos Ayres, and endorsed with two of the
best names of the city. The bill was for the
amount of one hundred and fifteen thousand and

odd dollars, and was negotiated among bill
discounters without the slightest suspicion of
its genuineness - beine, —excited ; - was- finally
lodged- in the bank, . and . being due. in
a few days, the customary advice note brought
about the discovery of. the fraud.: .The bill had
been traced to a man who had-left the country
within six, weeks, it is. said for the Provinces, and
tho broker to whom he 'enciuni,ed it was about to
follow,- in the hope of recovering at any rate a
portion of the money- 'Our correspondent from
Monte Video writes:—Although the weather has
been very favourable;—we regret to say that
bUsinesS has not beet so active .as had been
expected,- owing to the scarcity of money- and
the Unfavonrable nevus of hides brought by
last mail from England. The Saladeros for
the last fortnight - have worked freely,
and large troops of •animals come to; town daily,
but there is every probability that a; lull will now.
ensue. Bone Ash, and Bones the prices are too
high for n .shiopino•• Total transactions in Hides
- -

this month, 23;000. Tn the. import 'trade the de-
mand is prineipally confined. to Manchester. goods,
and stocks are• beginning to increase as-the arrivals.
this month have -been- in excess- of the demamL.
Freifrhts in general continue almost without alter-
ation. The arrivals of vessels since our last have
been. unusually numerous, still rates have not
declined. Transactions- in. exchange for this
packet have been" on an extensive scale, the
rate beginning' at :43d,, and gradually. increased
to 44d, but to-day's rate is quoted, at 4a3d..
The exports of produce 'from. MontePVideo:
England, from the? 25th of November-to-the 25th
of ,December had. been only 'one cargo- of bone
ash and bones. No hides or tallow From. the
Uruguay, two; cargoes bone-ash and bones. The
vessels loading: were the Sohn Hillnian, Maria de
la Concepcioo, Alloyan„Tyro, Jenne Felix, Lady
Flora Hasting, Juan Bautista, Triton, .Search,
Catharina. The rates of freight for England
were as follow :---England: Hides, salted,, 40s. ;
Dry, 80s. Tallow; pipes, 455. ; Cases,i4os. Wool
and Hair bales, 30s. Primage, -per cent.

Pacific assurances 'in every quarter being neutralised
by increased warlike preparations.' on the Continent, the
Stock Markets to-day wore weak, and the Funds. haVe
declined A- per cent., and Eaglish and: other descriptions
of Railway Shares showed a drooping tendency. On
'Change. this afternoon the rates for bills on Holland
and Belgium were quoted loss favourable. The rates in
the Discount Mirket to=day were 2' to 24, There were
no gold operations at the Bank. At Paris, to-day, there .
was a further fall of t per cent. in the Relates: —.Daily
News City Article. Friday Evening:
Attention is beginning to be excited to, the prospect of
new complications on the Danube. The attempts in
progress, from all parts of the world—lndia, South
America, Europe, and the Antipodes—to procure mmey
in unrestrietccl quantity from this country, likewise
depress the views even of the most sanguine. The
Ea ;lisp Funds opened this morning without alteration,
and expariencel little change throughout the day. The
slight moVement that took place, however, showed an
adverse tendency.—Times City Article, Friday Evening.
The negociations. between Russia 'and Austria, for a
new commercial treaty, are not
.going on pleasantly. It
is reported that while Austria is willing to make every
concession, Russia refuses to lower the duty on some
articles of great importance to the interests of Austria.

TILE PRODUCE ig valcurA.—The Produce Markets have
shown rather More steadiness dnring- the latter part of
the week, and the prices of some of the: leading staples
have slightly improved. Business, however, is inactive,.
and chiefly for home consumption. The delivery of
China letters on Friday caused some speculative enquiry
in the tea market, which had previously become stronger.

GREAT WESTERN RAILWAY DIVIDEND. —At the half
yearly meeting 'on Friday, the recommendation:• of the
directors to declare a dividend of 2 po cent. for the
half year, was overruled; and, instead of carrying over so
large a b%lance, an: amendment, was carried for 21. per
cent. ; a previous amendment in favour of 3 per cent. had
been negatived..
LONDON AND NORTH-WESTERN RAILWAY RECEIPTS
AND DIVIDEND.—TiIe report states that the reeeipts of
the last half year amounted to £1,682,060, and the work-
ing expenses to £869,363, showing an increase in the
receipts of £10,098, and in the expenses of £12,271, as
compared with the corresponding half year of 1857. The
directors recommend the payment of a dividend for the last
half year at the rate of 41 per cent. per annum, carrying
forward a balance of £23,096.