Northern Times.
Liverpool, Merseyside, England, 1857-12-23 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Tuesday Evening.
The demand for Cotton continues very steady at
previous pric:ss. The sales to-day were about
5,000 bales, including 2,000 on speculation and for
export.
The Liverpool Share Market has showed some
weakness, and prices declined nearly I per cent
during the day, closing, however, a shade firmer.
Caledonian, 411, 411, 41, 401, 401, 401; Chester
and Holyhead, 171; Eastern Counties, 11 13-16,
111; East Lancashire, 92; Great Western, 541 ;
Lancashire and Yorkshire, 941, 94, On, 931,
931, 93: ; London and North Western, 961,
961, 961, 961 ; Manchester, Sheffield, and
Lincolnshire, 391, 391, 391; Midland, 891,
89, 881, 881, 881, 88k; North British, 121 ;
North l':astern, 231, 23i ; Dovers, 201, 201, 201,
201, 201, 201, 201 ; Dutch Rhenish, 41 d ; Grand
Trunk of Canada, 111, 111, 11. 3.16, 11k, 11 3-16,
11 1-16, 111 ; Great Western of Canada, 191 191 ;
Liverpool and London Fire and Life, 7, 71 p; Royal
Insurance, 31 p. The following were the closing
prices :-Blaokbutn, 91, 91 ; Chester and Birken-
head, 681, 691; Caledonian, 401, 411; Chester and
Holyhead, 17, 171 ; Eastern Counties, 11 9-16, 11
11-16 ; East Lancashire, 911, 921; D 0.9/. Shares, par,
1 p ; Great Northern, 24, xd 241 ; Do., A, 91 10 ;
Great Western, 531, 541 ; Lancashire and Yorkshire
Stock, 931, 931 ; Do. 9/. shares, y, p ; Liverpool,
Crosby. and Southport, 181, 181 ; London and
North Western Stock, 961, 96i ; Manchester, Sher-
fi,Ad, and Lincolnshire. 391, 391; Midland Stock, 881,
881; North British, 121 121; North Staffordshire,
31, 31 d; North Eastern -Berwick, 23k, 231 ; York
a,!,cl North Midland, 411, 411 ; Leeds Capital Stock,
26, 261 ; South Eastern, and Dover, 20 9 16,
20 11-16 ; Buffalo and Lake Huron, 61, 6 ; Do.
New Shares, 61, 6 ; Dutch Rhenish, 41, d ;
Great Western of Canada, 191, 10i; Do. new shares,
d ;Great Luxembourg, 7 3-16, 7 5.16 ; Grand

Trunk of Canada, 11 1-16, 11 3-16.
The Money Market continues to manifest in.
creasing signs of returning ease, and the bill
brokers are anxious to obtain first-class paper,
which is by no means plentiful. A considerable
reduction is submitted to, and numerous instances
are mentioned where accommodation has been
obtained at 8i and 8 per cent. This is no doubt
of great advantage to some of the first-class houses,
but the depression of trade is too general to admit
of any sudden benefit from the relaxation. When
a lower point is attained, say 5 or 6 per cent.,
some revival may be expected, and there is every
probability of even cheaper money during the
spring:
The Market for the Public Funds and Securities
to-day opened rather buoyantly, but afterwards
there .was some flatness owing to sales in realiz
tion of profits. These sales eause3 a partial
reaction, but the market closed very steady, with
buyer's at 94 to 93. At one period of the day,
Consols were quoted as high as 931. The New
Threes were 93k.
The London :Railway Share Market has not been
so steady to-day, a slight decline having taken
place in prices. The • following were the
closing prices :—Caledonians,, 81k, 811; Eastern
Counties, 11 7-16, 11 9-16 ; East Lancashire, 91, 93 ;
Great Northern, 964, 97 ; Do. A, 81, 82 ; Great
Westerns, 541, 55 ; Great Western of Canada, 184,
191 ; Grand Trunk of Canada, 11/ ; Great Southern
and Western, 96, 98 ; Lancashire and Yorkshire,
931, 94.; London and North Western, 96k, 97 ;
London and South. Western, 931, gi ; Leeds
Northern, 511, ; Manchester, Sheffie'l, and
Lincolnshire, 39i, 394; Midland Stock, 881, 89;
North British, 491, 50 ; South Eastern and Dover,
681, 69 ; York, Newcastle, and Berwick, 951;
York and North Midland, 831.
Yesterday, a meeting of the creditors of the firm
of Wright and North, irenmasters, Monmore
Green, was held in Wolverhampton ; H. 0. Firm-
stone, Esq., in the Chair. • Mr. E. Hayes, solicitor,
appeared on behalf of the insolvent firm, and
presented a statement of accounts, which was read
by the chairman. From this it :appeared that the
liabilities were 39,1041., and the assets (after de-
ducting 6201 for the amounts to be paid in full,
and 2001,expenses of arrangement) wouldbe 20,3211.
In answer to the nhairman,Mr. Hayes said the firm
had not dealt in accommodation bills. He admitted,
however,that although at the time of the dissolution
of the firm of Dimack and North that the firm was
insolvent, Mr. North, had agreed to pay Mr. Dimack
£5OO to go out. When Messrs. Wright and North
entered into partnership, there had been a memo-
randum made out, but no balance sheet, and at
that time the dissolved firm must have been insol-
vent. After some further discussion, Mr. Hayes
said he was instructed by Messrs. Wright and
North, to offer one of two propositions—they would
either pay lOs in the pound, in three, six, nine, and
twelve months; or 20e. in the pound in the space of
six years, thus :-2s. 63. in three months, another
24. 6d. in nine months, and ls. 6d. every six months
afterwards until it was all paid. Mr. H. Underhill
said that he had come to that room prepared to
extend his sympathy to Messrs. Wright and North,
but the disclosures he had keardconvinced him that

they were not entitled to that sympathy. He non:
eluded by proposing that the estate should be
realised and wound up under trusteeship. The
Chairman expressed himself strongly to the same
effect ; an 3 it was unanimously agreed, with the
concurrence of Nessrs. Wright and North, that the
estate should be wound up forthwith, according to
the private arrangement of th© Bankruptcy Act,
under the direction of two trustees, one to be named
by the Wolverhampton• Bank, Mr. Firmstone, the
chairman, being the other. _ _ _

At a meeting; of the creditors of Messrs. Her-
man Sillem and Co., of London, held to-day, it was
stated that the firm had cash and bills which
would admit of a dividend of 10$. in the pound
the assets could be realised, and it was thought
that an early distribution of Cs. Bd. in the pound
might take place. The estate will bo wound up
under inspectiDn.
Yesterday, the first meeting of the creditors of

Messrs. Farley and Co.'s Bank, was held at Wor-
cester. Mr. Pidroek (attorney for the bankrupts,
Messrs. Owen and Gutch) laid before the meeting
a history of the bank from 1814, when the firm
consisted of Messrs. Farley, Lavender, Open, and
Gutch, and the capital was 30,0001, of which Mr.
Farley con,nbutea 10,0001, Mr: Lavender 10,0001,
and Messrs. Owen and Glitch 5,0001 each. Mr.
Llvender, who was Mr. Gutch's father-in-law, lent
him his 5,0001, and also lent Mr. Owen 1,5001
Those sums are still owing to his executors. When
Mr. Farley and Mr. Lavender died, the present

partners, Owen and (dutch, continued the firm with
a reduced capital. There was about 5,0001. in cash
and good bilis in the bank when it suspended
payment. Mr. Kettle, accountant, produced their
statement of liabilities and assets. The total
liabilities were 89,4511. 15s. 2d., and of the assets
49,6591 3s. 11d., leaving a deficiency of 39,792/. lls. 3d.
The separate estate of Mr. Gutch showed credit to
6,8101., and debits 10,500/ , including the 10,0001
owing to Lavender's executors, and Mr. Owen's
separate credits 2,905/ , and debts 3,1791. 16s.
The Foreign and Colonial Produce Market this

week have not been very active, and but little im-
provement can be noted in values. Tea, however,
has been steady, and Colonial descriptions of sugar
' are in rather better demand at, in some instances, a
slight advance. Coffee has been dull, large quan-
tities, however, are advertised for public sele, and
pries are expected to rule firm. Cocoa has declined,
es also rice and spices. In fruit a limited business
has been done ; the purchases for the season
having, in great measure, been completed, prices
The Chairman announced that Miss Lavender
was willing to forego her claim of 12,7501, due to
her, as executrix of her father, if the general credi
tors would not attach Mr. Gutch's life interest in a
property, worth about £1,500, he being in his 82nd
year. He had also a sum of about .£l,OOO sterling
in the funds, which she intended to appropriate in
liquidation of the poorer class of claimants under
the estate. The announcement was cheered, and
a resolution was passed for proceeding with the
bankruptcy, and approving of what had been done ;
also recommending J. NV. Willis, Esq., and Mr. J.
B. Read, merchant, as assignees,

of the better sorts remain steady, but inferior
descriptions may be quoted lower. Saltpetre has
advanced is to 2s per cwt„ and Tallow s very firm.
P, Y, C on the spot is quoted 53w, and spring
delivery 53s 6d per cwt.
About 85,0001 of gold was sold to the Bank yes-
terday, of which 35,000/ was Russian.

The Breadstuff Trade was quiet, but steady, to
day.

The following are the latest quotations of Foreign
Exchanges :—Amsterdam short, 11 15; to 11 16; ;
Ditto three months, 12 1 to 12 11; Rotterdam
ditto, 12 1 to 12 l ; Antwerp ditto, 25 00 to
25 80 ; Brussels ditto, 25 60 to 25 80 ; Hamburah
ditto, 13 D to 13 10k; Paris short, 25 221 to 25 32,i;
Ditto three months, 25 70 to 25 80 ; Marseilles ditto,
25 75 to 25 85 ; Fraukfort ditto, 121 to 121 i; Vienne
ditto, 10 50 to 10 56 ; Trieste ditto, 10 50 to 10 58 ;
Petersburg ditt), 32;,4„ to 33Z ; Madrid ditto, 484
to 471