Northern Times.
Liverpool, Merseyside, England, 1859-01-08 00:00:00

THE NORTHERN, TIMES, S.A.TVRDAY, JANUARY 8, 1859

TRADE O 1 SPAIN,

A bluebook contains reports relative to the trade of
various foreign countries. It includes some interesting
papers on Spain and its colonies. The importation of
merchandise under the (Spanish) national flag shows a
suns (according to Mr. 0 tway, our Charge d'Affaires in
Madrid) of 989,895,986 reals (49,898,960), paying a duty
of £1,576,316, or 157,631,638 reals; under foreign flags
-to the value of £2,669,094, paying a duty of £2241000 :
and by laud to the value of £473,67, yielding duty to
the amount of £66,399. All this gives a total of
merchandise to the value of £13,041,680, the duties
amount to 186,711,654 reels (41,867,116.) This'impor-
tation . exceeds that of 1855 by £2,804,067, and has
produced £204,877 increase of duties compared with the
average product of the last five years ; the importation
shows an increase to the extent of £5,014,960, and the
duty an increase of £252,449. The exportation is less
than that of 1855 by £1,957,463, and presents an
increase of duties to the amount of £457. With respect
to the average of the last five years, the increase of
exportation is £2,330,221, and the duties have decreased
by £515. Turning to the island of Puerto Rico, it is
fonnd that British trade with that colony has increased
considerably since 1842 (the first year for which returns
were made. Yet, notwithstanding the great relative
increase, Mr. Consul Hunt reports that our trade with
Puerto Rico is in a very unsatisfactory position, and that
the yearly amount of our imports is wholly insignificant
in relation to the produce exported annually, the value of
which varies between £1,000,000 and £1,200,000. The
reason of this is the absurd restrictions imposed by the
Colonial Government of Spain in the West IntlieS, the
result being that there is no British mercantile firm or
branch house established in the island, nor any house
receiving, goods on commission direct from England.
Were the restrictions modified, Mr.. Hunt is convinced
that the consumption of British goods would- increase
very rapidly in Puerto Rico. As an illustration of its
inutility, as well as the absurdity of fiscal prohibitions, it
is stated that beyond the imports of which we possess an
_exact knowledge, there is introduced annually, by way of
contraband, fostered by the high tariff in force, an
amount of goods fairly estimated as equal to 20 per cent.
of the gross annual returns ! Coffee and the cane are
cultivated generally in the island, while cotton and
tobacco are grown only in certain districts. There is no
export duty except on timber. A more enlightened
policy appears to be pursued in the Philippine Islands,
the Governor of Mlnilla informing Sir J. Bowring, (in
April, 1857), that he considered one of his principal
duties on the assumption of office to be the development
of the "rich resources" of the islands, the chief of which-

is the production and sale of the exquisite tobacco so

thoroughly appreciated by smokers a the "cheroot."
The Governor has ordered that no efforts shall be spared
to improve the cultivation of the tobacco plant. There
is a long report from 11010 on the trade of the island of
Panay. Returning to the mother country, it appears that
in .1857 the imports into Seville were £1,735,726, and
the exports £1,372,165; 146 English vessels of .15,309
tons entered the port, and 118 of 10,735 tons cleared out.
The trade in British vessels at Alicante has increased
considerably. since 1856, principally owing to the
formation of a /railway from Madrid to Almanza. The
general trade of the district in 1857 was nearly double
'that of 1856. At Cadiz, 356 British vessels entered in
1856 ; 28,430 tons of coal were imported from England,
and 54,616 butts (or pipes) of Sherry were shipped off
during the year, being an increase of 11,227 compared
with 1855. 56 American ships imported stores and
tobacco, and exported salt, wine, cork, and liquorice.
The Dutch, Belgian, Swedish, Norwegian, Danish,
Prussian ships import coals from England, and export
the same articles as the American vessels. The Russian,
Hanoverian, and Hanseatic ships imported timber and
deals, •and exported salt, wine, anti dry fruit.

13ANKRII1TS.
Joscnt Coorca, baker, Friar-street, Blackfriars, London.
ED*. ZULZER, of Upper North-place, Gray's-inn-mad, merchant
Taos. SUTHERS, reed maker, Mytholnroyd, Halifax.
f boos. BREWEN FURNCLL, draper, Sheffield.
Mcrntra, MACDONALD, innkeeper, Ringston-upon-Hull.
CARL BRENDOM, victualler, Liverpool.
Virm. MoNx, manufacturer, Padihan, Lancashire.
DEMETRIUS DEMATIUADI, merchant, Manchester.

MONETARY AND COMMERCIAL.
LIVERPOOL, Friday Evening.
The .sales of Cotton to-day were 6,000 bales,
including 500 on speculation and for export. The
announcement by the French Government, that
the fears of a disturbance in their diplomatic re-
lations with Austria are groundless, has been re-
garded in rather a sanguine aspect by some
holders, who have withdrawn a portion of their
stock, but generally the market closes quietly and
without change. Messrs. Edmund Jardine and
n their weekly circular remarks :
Co.,Our market opened_ on 'Monday; after the holidays,
with a shade of improvement in its tone, although the
advises by the Persia steamer from New York brought
news of depressed markets in the southern States, and a
decline of 1, cent in prices. Influenced, however, by the
unsettled aspect of Continental politics, it drooped again,
notwithstanding- that the Manchester market, on Tuesday,
still maintained the .strong position it has assumed for
some weeks past,. and that the trade have been purchasers
to a fair extent; holders have been ready sellers and
shown a disposition to meet the buyer, particularly in
Boweds, which have been freely offered at a decline of
1-16 d. per lb. In Sura.ts but little has been done, and
they are about 1-16 d. to Id. per lb: lower. .The demand
for Egyptians has been to a fair extent, and previous
rates are maintained. Brazil quiet and unchanged, and
the same may be said of Sea Islands.

Messrs. *right, jun., and Co. remark—
Our last circular advices were dated 31st December,
1858, and were forwarded per Niagara, on the Ist instant,
which was kept as a holiday in our produce markets.
The Persia's advices failed to have any apparent influence
on Cotton with the resumption of business last Monday,
and the market for this staple has presented no novel
feature. A steady demand has been daily experienced,
which holders meet with extreme liberality. Prices are
not materially changed, but, if anything, an increased
eagerness to realise gives the purchaser a slight advan-
tage iu this regard. The trade are the principal opera-
tors, and their action is confined to qualities and quan-
tities for present requirements, without any indication of
a different policy being adopted. The anticipation of
large supplies from America, and the determination of
bankers to check the ardour of speculators, tends to pro-
duce a dull feeling, and induces all classes to observe
caution, and we are unable to record any of those
improving symptoms so generally expected with the
advent of a new year. Clouds are gathering on the
political horizon, which have a depressing. influence on
public securities, and occasion some anxiety in commercial
circles. As the week draws to a close, the disposition to
progress with sales is more marked, and the market closes
to-day with irregularity at a decline of 1-16 d to id per
lb. The total sales of the week (five days) amount to
34,490 bales, of which 27,550 are American. Speculators
have taken 670, and exporters 2,420, leaving 31,400
bales of all kinds to the trade. The import for same
time is 23,878 bales, of which 21,317 are American.
The quantity known to be at sea from American ports is
about 15,000 bales.

PRICES TO-DAY :
New 'Orleans Fair, 71d ... Middling, 6'd Ordinary, 41d to d
Mobile „ 71d „ 6 f 9 sid to 6 d
Atlantic „ 7d ..., „ 611 „sdto 6 d
Total taken for consmnen, 1859, 31,400 b 15,1858, 39,020 bales.
211 export (actual) „ 2,213 , 2,003 ,
American Brazil Egypt'n E. India W.lndia Total
Stock this day.... 258,410 19,760 241520 35,830 640 339,160
Same time 1858..•190,800 39,620_ 14,710 140,070 4,320 389,510

,
The Glasgow Cotton Market was very quiet this
week, and prices rather more in favour of buyers,
say to the extent of 146 d to id per ib, more espe-
cially in the lower grades of American.
The Liverpool Share . Market was pretty firm
during the greater portion of the day, but closed
quiet, and rather flat. The following were the
day's transactions :--Caledonian, 'B9 ; Chester and
Holyhead, 48+, 484, 481, 4821 Lancashire and
Yorkshire, 99, 991 • London and North-Western,
072, 9'74 ; Do. ane-eighth Shares, to 11-16 d ;
Manchester, Sheffield, and Lincolnshlre, 404, 391;
Midlands, 1041, 1034 ; North British, ,623 York
Capital Stock, 78, 78+; St. Helens Canal and Rail-
way A, 77 ; Dovers, 221, 22 p-16 ; East Lancashire, 6
per'Cents, 140 ; 'Royal Insurance, 44 p ; Lancashire
Insurance, I d ; Pacific Steam Company
Fourth Shares, 141 p. The Lfollowing are
the closing prices :-Blackburn, 111, 111; Chester
6.nd Birkenhead, 671, 671 :; Caledonian, 881,
89k ; Chester and Holyhead, 484, 484;. Eastern
Counties, 124, 12 1-16:; Vast Lancasire, 964,
97 ; Do. £9 shares, +, 4p; Great Northern, 106,
107; Do. A, 92, 93; 'Great Western, 57, 574;
Lancashire and Yorkshire Stock, 98 98+ ;
Do, £9 shares, 4, ; London and North Western
Stock, 97, 97+ ; Do. one-eighth shares, 4, tl d;
Manchester, Sheffield, and Lincoln, 40, 40 1-16 ;
Midland Stock, 1034, 1034 ; North British,
614, 614 ; North Western, 131, 131 ; North
Staffordshire, 44, 4 d ; North Eastern-Berwick,
94, 941 ; York and North Midlaud, 78, 781 ;
Leeds Capital Stock, 484, 49 ; South Eastern
and -Dover, 221, 22 9-16 ; Dutch Rhenish, 44,
d ; Great Western • of Canada, 164, 164;
Do. New Shares, 31 ' 34 d ; Great Luxembourg,
7 -5-16, 7 7-16; Grand Trunk of Canada,

9 3-16, '9_s-16

The :Money _Market continues comparatively
quiet,' but, although the demand has diminished,
the rates are firmly supported. As 2i per cent. is
the lowest charge in the general discount market,
the bank authorities are still obtaining.a fair share
of business, but it is thought that they will expe-
rience some falling off when .the effect of the
dividend payments is fully developed. It must be
borne.: in mind, however, that trade is _steadily
improving, and that a larger amount of capital will
probably be required in the spring for commercial
enterprass than at any period during the last twelve
months. It should be recollected, too, that -the
impending foreign loans, if negotiated, will neces-
sitate a very _ extensive efflux of specie, which,
together. With the augmented shipments of silver to
the East, may produce an unfavourable influence.
At present, however, the market is easieromd
a fractional decline might occur in the terms
of discount without creating the least surprise.
On the Stock Exchange the supply of money is
-6uperabu.ndant, and loans have been effected at
Ato 2 per cent. on government securities. In the
course of a few days, however, the settlement in
,Consols, which is supposed to be rather heavy.,
will stimulate the demand for accommodation, and
temporarily increase its value. •

-The Market for the Public Funds and securities
.opened better to-day on the improved French
prices, and were good ,during the morning, but
subsequently became easier and closed weaker.
Consols 961 to 96!.; the New Threes .964 to 96i;
and:Y2Achequer_Bille, 38 to 4 pm.

The London Railway Share Market commenced
good and went firmer, but were afterwards flatter
with English Funds. The Stocks were firmer ;
Mines and Miscellaneous firm; Banks steady. The
minimum price of Victoria Loan is about :107. A
great many applications were above that, and
even as high as 110, while a large number were
below the minimum. About 670,000 was taken
at or above the minimum. The following are the
closing prices : -Ambergate, 61, 6d ; Caledonian,
881, 89:1; ; Do. Pref., 103, 105; Eastern Coun-
ties, 63, 64; East Lancashire, 96, 97; Edin-
burgh and Glasgow, 69/, 701; Great North-
ern, 1061, 107,4 ; Ditto A. 91, 93 ; Ditto
B. 133, 135; Great Western, 57, 57/ ; Lan-
caahire and Yorkshire, 98/, 99; Brighton, 111, 113;
London and North Western, 97, 971 ; London and
South Western, 94, 95 ; Manchester, Sheffield,
and Lincolnshire, 391, 404 ; Midland, 1031, 104 ;
North British, 611, 62 ; ditto Pref., 112, 114 ;
North Eastern-Berwick, 94, 94/ ' • Leeds, 49,
50 ; York, 78k, 781 ; North Staffo rds, 41, 4d ;
Dovers, 75, 75/ ; Great Western of Canada, 161,
174; ditto New, 31, d ; Grand Trunk of Canada,
9 3-16, 9 5-16 ; Turkish, Sixes, 91, 91/ ; ditto,
Fours, 1051, 1061; Bank Stock, 225, 227.

The demand for Salt continuing fair, and the
supplies keeping moderate, higher prices have
been obtained during the week. Mr. T. J.
Werninck quotes common Salt, 4s 6d ; rough, 6s
to 8s; stored, 7s 6d; and butter Salt, 6s—per
ton.

--fie letters per the Brazil mail were delivered
this morning. Our Monte Video correspondent
writes :
Part of the American squadron have made their
appearance in this port, and are now awaiting the
arrival of more vessels. It is expected they will eave
here in the course of a few weeks to seek redress at the
hatitis of the Paraguayan Government. The squadron
will consist of ten steamers, four frigates, three brigs,
three sloops. In the interval since our last, a very slight
improvement is visible in the demand for manufactured
goods. The demand is principally for Manchester goods.
Bradford and ether woollen fabrics continue quite neg-
lected, with no proved/ of amendment for some months,
upon the worst season for them.
as we are now enterliig

Produce : Saladeros have not as yet commenced opera-
tions on an extensive scale, and prices are merely nominal,
chiefly owing to the late rains and cold weather having
retarded operations. The weather now continues very
favourable for cattle, and we look forward still to a hcavy
killing season. Freights in general are more or less the
same as last month, and for England, rates are some-
what firmer. Our disengaged tonnage is small, and
should cargo become abundant, we look for an advance
Exchange for this mail commenced at 42d., and afterwards
advanced to 42;d.; but to-day's rate may be considered
at 421 d. per current dearer. Total amounts passed for
this mail about £30,000.

RATES OF FREIGHTS
To England.—Hides : Salted 40s, dry 80s
Pipes 453, cases 40s. Wool and Hair : Bales 30s
per cent primage. Hides, pipes, and cases, per ton weight ;
bales per ton measurement.

Exports from Monte Video from 25th October to 25th
November : 2,550 salted ox and cow hides; 4,991 salted
horse hides ; 79 dry ox and cow hides ; 5 dry horse
hides; 83 pipes tallow ; 11 pipes mares grease ; 8 bales
sheepskins ; 64 bales hair ; 1 cargo bone ash and bones.
Exports from Uruguay and Parana : 4 cargoes bones

and bone ash

Advices from Buenos Ayres give the following
quotations :—Exchange, 67s 6d to 68s ; paper
dollars, 349 to 350. Hides, salted, 52 rials Sala-
deros; 46 to 47, Matadeiros. Tallow, pure Sala-
deros, 21 'to 22 rials ; with grease, 19.1, to 191.
Wool, fine Mestizo, dirty, 80 to 87 paper dollars
per arroba ; middling, 60 to 70; washed, 130 to
135 ; middling, 80 to 100 ; Cordova washed, 32.
rials. Advices from Rio are to the 10th ult. The
weather was most unsettled during the whole
of November. Those intervals, however, that
admitted. of transportation from the interior
were taken advantage of, and regular supplies of
coffee had in consequence arrived at market. The
quality, of late receipts had proved by no means
satisfactory, having suffered much from the effects
of almost incessant rains. Should the weather
take a more favourable turn, hopes were enter-
tained of receiving qualities as good as those that
made their appearance at the commencement of
the crop. Business was rather animated
during the month, without any material
alteration in prices being noticeable. The dates