Northern Times.
Liverpool, Merseyside, England, 1857-08-14 00:00:00

MONETARY AND COMMERC/AL.

LIVERPOOL, Thursday Evening.
The Wiles of Cotton to-Jay were 'confined to
6,000 bales, including 1,000 on speculation and for
export, et about previcua rates.
There was a pretty fair amount of 'business done
in the Liverpool Share Market to-day, and prices
on the whole were tolerably well Supported, except-
ing for Great Western, which show a furtherdecline
or from 5 to 7 per cent. The following ware the
transactions reported, viz :-Blackburn, 71c; Cale-
donian, 381, 381; Chester and Holyhead, 171;
Eastern Counties, 11 1-16.; Great Western, 52+,
51, 511, Lancashire and Yorkshire, 981, 981, 99;
London and North Western, 1.021, 102, 1021; Man-
chester, Sheffield, and Lincolnshire, 391, 34. 381 ;
Midland, 831; North Eastern, 231, 231 c, 231, 231,
231; Dovers, 211; Grand Trunk of Canada, 12
11-16, 121 12 13 16,124, 14; Dutch Rhenish, 41 d.
The nominal price of the Atlantic Telegraph shares
fell to-day from SO to 40 dis to 100 to 80 dis.;
9001 per share is now paid up. The following
were the closing prices of the day :-Black-
burn, 7i, 71; Chester and Birkenhead, 65, 654.;
Caledonian, 3871. 39 ; Chester and Holyhead, 17'1,
17.1 ; Eastern Counties, 11 1-16, 11 3-16 ; East
Lancashire, 951, 961 ; Do. 91. shares, 1, 9-16 p ;
Great Northern, 24, 20; Great Western, 52e, 521 ;
Lancashire and Yorkshire Stock, 99c, 991; Do. 9/
shares, 11-16, i p; Liverpool, Crosby, and Southport,
191, 19.4; London and North Western Stock, 1021.
1021; Manchester, Sheffield, and Lincolnshire, 381 c,
38it; Midland Stock, 84c, 841 ; North British,
111, ; North Staffordshire, 41, 4 d; South
Eas'ern, 2111-16, 21 13 16; Scottish North Eastern,
121, 122; North Eastern-Berwick, 23 5-16, 23
7-16; Yysk and North Midland, 38, ; Leeds
Capital Stock, 211, 22; Buffalo and Lake Huron,
41, 4 d ; Ditto New Shares, 4, 31 d ; Dutch Rhenish,
41, 41 d ; Great Western of Canada, 201, 214 ; Ditto
New Shares, par, 1 p ; Great Luxembourg, 68,
6 15-16 ; Grand Trunk of Canada, 121 13.
The Discount Market remains without any
change of importance, and the steadiness of the
demand for money considered, is of a permanent
character. All expectation of money descending
below 51 percent. during the present year is thus
abandoned, and some persons are discussing the
probability of a return to a higher minimum. It
is premature to hazard an opinion on this point,
however, when the course of events in India is so
uncertain. These may exert a prejudicial in-
fluence, because in addition to the contingency of
loans or other financial operations,' the drain of
specie is not likely to abate. Whenever a pause
in the supplies from America or Australia takes
place, withdrawals of gold from the Bank, which
are always a source of uneasiness, may be expected.
The rates of exchange at Calcutta and Bombay,
Hong Kong and Shrnghai are all lower, but it is
sill thought that the efflux of silver will be con-
ducted on a scale that must divert Gold to the
continent; for supplies of that metal purchases are
being made, but not to so large an extent as of
late. Whbn the letters by the present mail are
delivered, the position of the Silver Market, and
the probable nature of the operations of the Indian
brokers during the next few weeks will be better
ascertained.

Some surprise was caused yesterday afternoon
when it became known that about 400,00 p/ in gold
had been taken from the Bank. This movement
was unexpected, because only a few days
previously there was no demand for gold, and the
chief portion of the quantity brought by the
Swiftsure hal been sold to the authorities;
besides this there were supplies on hand from
America, which it was thought could be rendered
available for exportation if required. No tidings
of the Great Britian have yet been received, but
its arrival cannot be much longer delayed, unless
some accident has befallen her. The amount of
this and other vessels, also due, will bring, no
doubt, prevent any serious declension in the Bank's
bullion, even although an active renewal of silver
purchases should commence.
The India news, though serious, has tended
rather to relieve than aggravate the anxiety pre
viously entertained. The fall established in the
Funds after business hours yesterday, has to-lay
been fully recovered. There is still a heavy
demand for discount accommodation, and the
resources of the Bank of England are being rather
severely taxed by the commercial community, the
withdrawals in addition averaging some 30,0001 per
diem. Some uneasiness is also felt in connection
with the preparations for large bimonthly ship-
ments of silver to Calcutta, Bombay, and other
India ports. Consols for Money closed to-day at
901, and for the Account at 901 to 901. Exchequer
Bills, 6 to 1 dis., and the New Three per Cents at
901 to 901.
In the London Railway Share Market there was
a fair business done to-day, and prices are very
firm, indeed, in some instances, rather higher.
The following were the closing prices :
Caledonian, 77k, 78; Eastern Counties, 111 ;
East Lancashire, 95k, 961; Great Northern, 95, 96;
Great Western of Canada, 20/, 211; Great Western,
521; Lancashire and Yorkshire, 98a, 98i; Leeds
Northern, 431.441; London and North Western, 101/,
l 021; London and South. Western, 961, 97 ; Man-
chester, Sheffield, and Lincolnshire, 381, 381, ; Mid-
land Stock, 831, 81; North B itish, 45i, 46 ; South
Eastern and Dover, 72k; York, Newcastle, and
Berwick, 922, 931 ; York and North Midland,
751, 761; Crystal Palace, lt 11 ; Grand Trunk of
Canada, 121, 13, Oxford,-Worcester, &c., 311, 321
At Mr. Martin's public sale of Horns today, the
following were disposed of :-2,900 Calcutta Deer
horns, (common) average 36 ounces, at 40s per
cwt. 19,000 ditto and Bombay Buffalo horns, (fair
quality) average 30 to 31 ounces, at 30s, per cwt.,
damaged at 20s. per cwt. 6,000 Manilla Buffalo
horns, average 32 ounces at 31s. 61. per cwt.,
damaged at 265. per cwt.
The Corn Markets held to-day were rather firmer,
and Wheat may be quoted rather higher, especially
old. Flour and Indian Corn were also on the turn
against the buyer.

The annual meeting of the English and Austra-
lian Copper Company was held yesterday. Some
disturban.te took place from 'there being a mis-
understanding about the naming of the committee,
whose report had just appeared, recommending
several changes; but the directors' report was
eventually adopted. The latter was then read,
from which it appeared that the copper ore smelted
in the year was 1,395 tons. The directors recom-
mended a dividend of 2s. 61. per share. After
some dissentient remarks about the late sale of
the Spilty Works, and other matters, the report
was agreed to.

At the meeting of the Royston and Hitchin
Railway Company, held yesterday, the usual divi-
dend, at the rate of 6 per cent. per annum,
guaranteed by the Great Northern Company, was
declared payable forth worth.

The Directors of the East Lancashire Railway
have decided to recommend the Shareholders to
declare a dividend, for the past half-year (on the
ordinary stock), after the rate of 5 per cent. per
annum.

The Directors of the Lancashire and Yorkshire
Railway have also decided to recommend to the
proprietors, at their next meeting, to declare a
dividend for the half-year at the rate of five per
cent: per annum.

We understand that the Directors of the Otto-
man Bank have decided upon making a half-
yearly distribution, in the shape of interest, at the
rate of 8 per cent. per annum. This will absorb
1..5,000/., and will leave a balance of 15,000/. to be
carried forward to the next account. At the
General Meeting in March next the Directors
will propose the establishment of a Reserve Fund,
considering that this course will be best calculated
to raise the character of the Bank, and to secure
the dividend from fluctuation.

The dividend to be declared at the half-yearly
meeting of the Southampton Dock Company, on
the 26:h inst., will be at the rate of .4 per cent. per
annum, being the same rate as was declared at
the corresponding period of last year.
The weekly traffic return of the Great Northern
Itsiilway Company has been looked for as likely to
show the result of this company's competition
with the London and North Western for the Man-
chester traffic, but as the return extends only to
the 2nd inst. (being one week behind most of the
other conpaaies), whilst the company's new rep

lations did not come into operation until the Ist
instant, no criterion is afforded. The total receipts
of the week were 25,3721, being 1,210/ more than
those of the corresponding week last year.

The French advices state that the Steam Navi-
gation Company known as the Franco-American,
has signed an agreement with the Chamber of
Commerce of Nantes, respecting the transatlantic
line to the Antilles, this service obtaining from the
government a subvention of 6,200,000 f, or 248,0001.
The new capital is to be one million sterling, of
which 200,0001 is to to be subscribed by the town
of Nantes, and 800,0001. by the France-American
Company. The subscription list is now open at
Nantes, and is to continue open for eight days.
Mr. Wm. Turquand has been appointed official
manager of the Timber Preserving Company, now
winding up.
Lisbon dates are to the Bth ; the Dutch frigate
De Ruyter and Spanish corvette Mazarredo were
the only foreign vessels of war in the Tagus. The
tobacco monopoly contract had been offered for
public competition, and let out for another- three
years at the rate of 1,341 contos, or about 300,000/.
per annum, being 50,000/. a year more than is paid
by the present contractors. The new company
is represented by Baron dos Santos, Teixeira y
Andrade.
With reference to the market for American
railroad securities; Mr. E. F. Satterthwaite reports
as follows :—" The market for American securities
has been steady during the, past week, and closes
with au upward tendency. The absence of anxiety
from political considerations is a most attractive
feature in these investments."

We are in possession of later commercial advices
from the Brazls and the River Plate.

At Buenos Ayres the differential duties had completely
unsettled the wholesale market. The local market was very
latguid for manufactured goods. The money marken was
slightly improved. At Rio, the activity in the coffee mar-
ket remained unabated ; prices 200 reis above quotations
of June 12th. Sugar had been very brisk, and prices had
further advanced ; Rio Grande sold at 520 reis, leaving in
stock 600 of inferior quality. Some sales of 6 per cent.
stock had lately taken place at par and at 101 ex. On
the morning of the 14th, £40,000 were negotiated, chiefly
at 27* for ninety days. At Bahia, sugar market quiet;
quotations of cotton mostly nominal. Supplies of coffee
arriving more regularly, Prices in first hands from
4,600 to 5,400 rs. per Arroba. Cocoa in brisk demand at
rising prices, but supplies insufficient. No tapioca in the
market. Freights flat. Exchange flat, at 28 for ninety
days, and 27* for sixty days. At Pernambuco sugars con-
tinued at high prices ; whites, 5,400 to 5,500 ; Muscovados,
3,700 to 4,200 ; supplies small, and transactions limited.
The westher vary favourable for new crops, and new
sugars expected in September. Cottons had dec'ined to
7.400 o 7,600 per pound. Freights nominal ; Liverpool,
255. Exchange, 28d for sixty days.

LIVERPOOL COTTON MARKET.—Aua. 13,

The cotton market continues to exhibit little or no
change. The business is only moderate, but prices are
steady. The sales, including 40 Pernambuco 9&d. 230
Bahias Bid to 81d, 80 Maranhams 104, 50 Egyptians 100
to 12id, 1,500 Surats 411 to 7d—are reported 6,000 ba4es,
of which 1,000 are on speculation and for export.