The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-07 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, FRIDAY EVENING.
The sales in Cotton to-day, amount to 8,000
bales; including 2,500 on Sueculation and for
lastßrazils
weeks's rates for American descriptions.
.trazils and Surat are also without change, but
.
gyptian, from the reduced Stocks, command an
advance of id per lb. We append the following
from Messrs. Wright. jun., and Co.'s circular, is-
sued for the sailing of the Asia to-morrow
oir Cotton Market presents little variation from the
apathy which characterised the business reported in our
circular
advices of 30th ultimo, per Europa. The Ericsson's
and Asia's accounts do not materially differ from those
previous) to band. The explanation given as a reason fcr
the large receipts at the various seaports being almost
unanimous inspires a degree of confidence with those having
explicit faith, but the additional cost attached to holding
Interest until the authenticity of the opinion is clearly
abashed induces many to realise, the hope being
entertained that increased estimates of crop will gain the
a geendancy should subsequent advices report a clntinuance
fo r a few weeks of such heavy arrivals. It is also expected
that
the increased holdings in America must shortly be
distributed more freely amongst the consuming countries,
and that the present standard of rates will influence
additional supplies hither ; and as cur neighbours n
Manchester participate in this view of the
I:ll,:leaticm, and restrict their operations in conformity,
Gaily,have only experienced a moderate enquiry
r The prevalence of easterly winds until yesterday,
;I'nee which numerous arrivals have taken place,) tend to
mit the the import and reduce our stock, which has
rested any decline that might otherwise have ensued ;
tilt, with a dull feeling and somewhat free offerings, the
ea! °f prices is against the seller, particularly in Bowed
in'iLtou about 7-1 d and upwards. Speculation has been
?re particularly directed to Surat, Egyptian, and Sea
~, cis, the transactions in which materially add to the
letetd9 sale. No change is made in the Bank rate of
i
raJleet, and with less pressure in Money matters, this
Bement is deferred for an indefinite period, although the
e demand for specie, for export, may cause a higher
tTee to rule any day. The total sales of the week amount
a 45,660 bales, of which 27,760 are American. Specula-
Is have taken 9,020 and exporters 3,160, leaving 33,480
is 46,54411
of all kinds to the trade. The import for same time
46,544 bales, of which 18,934 are American. The
iltlantity known to be at sea from American ports is about
about 80,000 bales.
Prices to-day for new Cotton, old, Id less New Orleans Fair Bkd Middling 7 11-16 d Ord 6d to 64-d
mobile 7'd
Atlatti ..7 9-16 d „ 6d to 7d
c 7id „ ...7 7-16 d „ 6d to 61d
1857. 1856.
Total taken for consumption, 191,890 bales. 247,930 bales.
4roncel:thi:Clay
St export (act.) 10,819 „ 20,005 „
188 'cad. Brazil. Egyptian. East India. West Ind. Total.
,220 40,820 15,570 39,300 1,520 285,430
une ti
236 trio 1806 :
4° 68,160 38,460 55,060 3,090 390,770
There has been a fair amount of business
transacteda in our Local Share Market to-day,
et'd sales were effected in Blackburn at 8 13 16 ;
Vledonian, 31.1; Chester and Holyhead, 18 ;
i'aneashire and Yorkshire, 961; Lancaster, 681;
I`4,°udon and North Western, 106, 51, 6 ; Man
irster, Sheffield and Lincoln, 341 ; Midland, 824 ;
s °nil Eastern, Berwick Capital Stock, 211, t, ;
et:l'n% Eastern, 221„, ; Grand Trunk of
111 ada, 12 13-16; Great Luxemburg Constituted,
st.° (1.. In Local Shares we note Pacific
at stn Co. 37. The following are the closing
aof the day :—Blackburn, 81 8 13-16. Chester
Birkenhead, 65* 66. Caledonian, 314 31a.
Chester and Holyhead, 18 181. Eastern Counties,
10698. East Lancashire, 234 23-1, Great
-l6
23 231 Ditto A Shares, 94 9. Great
west
Lnem, 654 661 Lancashire and Yorkshire Stock,
~,f12.• Liverpool, Crosby, and Southport, 181 184.
lf"t1 and North Western Stock, 106 1061.
mianchester, Sheffield, and Lincoln. 341 31.1.
for dland Stock, 824 824. North British, 10 101
Dth Staffordshire, 5 44d. South Eastern and
221 224. Scottish North Eastern, 124 13.
Ortte, Eastern—Berwick, 214 214. York and
North,,7 Midland, 303 304. Leeds capital Stock, 17,4
Buffalo and Lake Huron, 14 lip. Dutch
13 l„ Rhenish, 1.16 d 1-16 p. Great Western of Canada, 24
L:ie-)111221,43, jo.urla g, itltlo4 N
lor Shares, 2 11-16 24p. Great
d. Grand Trunk of Canada,
The Money Market has not presented any new
foature to-day. At the same time, it is confidently
e•••pected that the Bank of England will not be
obliged to have recourse to any further restrictions.
• io large amounts Of Australian gold now due,
may be daily expected, and the declining
-:"° of interest in some of the principal commercial
cl ties on the continent, are producing an impression
Pat money will be easier and cheaper before any
)nr,r• period has elapsed. The Consol Market
I)oened with firmness, and continued so throughout,
Vc'ing very steadily. For money the opening rate
I.as 924, and afterwards 93. 931 to 93-4- were paid
°r Consols for account; and the new three per
cents were done at 931, 4, 4. The latest closing
vr„,ices were 934 and 934 for money and account.
he London Share Market was better to-day,
'ales were in Great Western at 654. Lancashire
and Yorkshire, 964. Leeds Northern, 18, 174
Sonden and North Western, 1064. London and
I,iuth Western, 1064. Midland Stock, 824, Z-
-1• 111 British, 40, South Eastern and Dover, 734.
Newcastle, and Berwick, 85, 4. York and
• rth Midland, 61, 604. Subjoined are the last
Chess
of the day :
edonian . 621 .. 63
Eastern Counties.
'4l:
44,, Lancashire
94 ... 96
.• •
•
at Northern
__e
1)*

- ------ - -
Great--itto, A
Western.
.ra
66* ...
:t' teashire and Yorkshire .
444,10
It n and North Western .
34
u?'nthester, Sheffield, and Lincolnshire 34 ...i
ildland Stock
British
orth
T••
11t11 Eastern and Dover.. 733 .. 741
I.ic, Newcastle, arid Berwick B4* .. 85
"It and North Midland 6ot ... 61i
g.
. Th..
Canada. .... • • ..
... ..
1,1,1
...0. ,-.. 23-
Dr .-
u._
. y
v.lzenibour,
13.16 15-16
-

.. 80

'inch
Rhenish'The .la dis. prom,
.sale Manchester Share Market was quiet to-day,
96
were effected in foyers at 22 3-16 Leeds,
h'• North Union B, SO. Blackburn, Si. Man.
rrt6r. Sheffield, and Lincoln, 34k. The closing
a
East
were :—Midland, 82g. Great Western, 651
Lancashire, 231 Leeds, 961 There was not
Avuell business done on the Leeds Stock Exchange.
At? qUete North Western prefs., 14 11-16. Victoria
lone, is 6d dis, Leeds, 96g.
tiu) fur Manchester advices represent the market
incira for Goods and Yarns as anything but active ;
both d, there is quite a paucity in the demand for
0-Z, ; manufacturers in general refuse to accept
tower terms for the few offers making, and spinners,
re
less firm, are unwilling to make the first
re:„4,11", buyers consequently hesitate, which
Tlrts in perfect insignificant business transpiring.
Act! hosin g trade at Nottingham continues very
end there is every appearance of its con-
/a,,11,411ee• The advanced rates of both Silk and
of nas caused manufacturers to raise the price
sa'eir goods, which buyers are now obliged to
fa uirlit to. In Lace, there is not much doing. The
rlirleY trade is very dull, which is attributed to the
le„t114°11r8 given of silk manufacturers being
create any great amount of stock at this
state of the Silk market. Accounts from
r,,cester state that there is very little change to
en't°,:st the state of the hosiery trade, which
t3(11-11:ies dull, and manufacturers are still unable to
the ;11!. a proportionate advance on the raw material,
Apri igh price of which has a good deal retarded
3,nlig operations.
ited, import of Breadstuffs into Liverpool is lirnd-
o,,,e„imparting firmness to prices of prime an
tz,,,,,:ku qualities of Wheat and Flour, which caused
ceejers to restrict their purchases to immediate
ext:lluaptive requirements. Indian Corn has been
lea,l,l.sivelY dealt in at an advance of 6d to is per
tekic.`°l*, and is still the favourite article. To day's
trlt was very thinly attended, and -the
tiol.:`u all articles inactive, holders conceding the
1,.," Prices of Wheat and Flour, as well as In-
qaTtr,"ro, for which the demand has abated, a
vals'erri,n the weather giving promise of free arri-
zaark,,t-tue reports from the leading provincial
z.B represent the trade as being dull.
°Ol the freight circular of Messrs. Goodliffe

Smart, of London, just issued, we make the follow
ing extracts :
We had anticipated that before this period we should
have seen more indications of improving business and a
better tone in the Freight Market, but regret to say this is
far from the case, the demand for tonnage generally being
very limited, and the tendency of freights in consequence
downwards. Chartering from the West Indies proceeds
very slowly, none of our merchants operating beyond their
immediate wants, and continuing to rely on meeting with dis-
engaged tonnage the other side on better terms, and which
has for so long been the case in most of these ports. From
Calcutta £4 43 is the general rate for ships of moderate
size, although we might again be able to obtain £4 .5s for a
very desirable vessel ; on the round from London and back
we are making 5/. ss. or from Liverpool with salt Si 10s,
or salt out only from Liverpool 28s without consignment,
or 32s with. From Moulmein we are still rather pressed
for tonnage, and made readily 5/ 15s home; on the round
from London or Liverpool 71 is still in the market. From
Singapore the rate is drooping, and we can now only quote
3/ lOs to 3/ 15s, but from Madras we make with facility
31115 s home, or from the Tyne and back 51 to 5/ 5s on the
round ; 31 Iss is spoken of from Manilla, but we have
not concluded business at the rate. From Memel to Mel-
bourne we still hold orders for deals at 91 9s per stand.,
vessels not beyond 300 stand. Coal freights in this direc-
tion are slightly better, and the demand certainly, more
general ; these rates are now we think worth the attention
of owners, and we beg attention to them, more particularly
from Tyne to Suez 651, Aden 401, Calcutta, 281, Bombay
251, Madras 281, Ceylon 281, Hong Kong 35/. Shanghae 38:.
with pi oportionate rates from the Welch ports. la
sugar charters from the West- Indies here are hardly any
freights except Havannah and Porto Rico; the former
are still firm, although merchants are more particular as
to the size cKf the vessels, and we have not been able to
place any over 300 tons, but for smaller tonnage have
been making 723 6d on the round from the Tyne, and 70s
from Wales, and 52s 6d home only. We still experience
great difficulty in finding outward cargoes for vessels to
the South American ports, and indeed this remark may
apply to salt freights in all directions; the high price of
the article has in a great measure suspended business.
As regards Rio Grande and the Plate our quotations are
what we have done rather than what we can do, the offers
from merchants being subject to the practicability of
effecting contracts.
The screw steamer North American arrived here
this morning.from Portland, U.S , bringing advices
from that city to the 24th ult., and from New York
to the 23rd, both inclusive. From the former city
we learn that cotton was firm, and breadstuffs com-
manded full prices. There was more activity in the
cured provision trade ; Scotch pig iron brought late
rates, say 30 dollars for six months. Freights
to Liverpool were stiff—Cotton was taken at id
per lb; flour, 2s 61 per brl ; and grain, 7d to 1.1
per bushel.
Acoording to a statement in one of the Portland
papers, we learn that that harbour maintains its
superiority over Boston as a port of access, both
from the sea and land board. The harbour was
still open, and vessels could go up to the wharfs
with ease. A despatch from Boston states that all
tne steam tugs were frozen in, and that Boston
harbour was completely closed with ice.
An attempt is being made under satisfactory
auspices to supply a want long felt in London, viz.,
that of increased facilities for transactions in land
and house property. Hitherto, buyers and sellers
have scarcely known where to find each other, the
only means of communication being by public ad-
vertisement. It is now contemplated to establish
in the City an auctioneers' and land agents' sub
scription room and exchange, where the members
may be brought into personal communication, and
where, by a system of registration, they may more
readily find purchasers for that which they may
have to sell, and obtain investments for those by
whom they may be instructed to buy." The
subscription is to be three guineas per annum.
Strict regulations are to be adopted to keep up the
character of the institution. We notice amongst
the committee the representatives of some of the
leading auctioneers' firms.
The position of the market for American secu-
ties is thus noticed by Messrs. 1). Bell, Son, and
Co. :
The market for American securities, during the past
week, has been quiet. The transactions both in state
stocks and railway bonds have been on a limited scale,
and pricee ar.a without any materta. dux. 41,11i1.
The following were the closing quotations of
Foreign Exchange :
Amsterdam, Short ll In to 11 144
Do. Three Months ....11 171 „ 1117 z
Rotterdam 11 171, 11 171
......

Antwerp
Brussels

.25 25 ~ 25 30
.25 25 „ 25 30

Commerttal intelligence.

LIVERPOOL COTTON MARKET.-FRB. 6

The cots on market during the past week has been with-
out any material change, the demand throughout has
continued moderately fair, and prices tolerably steady.
In American, the only peculiar feature at present is the
close proximity of value of the different grades ; low
middling is very scarce, and readily saleable at lid per
pound (Uplands), middling appearing almost out of stock,
whilst the better qualities are abundant and relatively
cheap, fair Uplands not being worth more than 71d per
pound to sell.
Common Sea Islands about Id per pound dearer.
Egyptian, owing to unfavourable accounts of the crop,
has attracted considerable attention, and is nearly ad per
pound higher. Brazil unchanged.
Surat a little easier.
The weekly sales are 45,660 bales, of which 9,020 are on
spaculation, and 3,160 for ex oort.

This week. P..cespaid Currt. Prices.
Import- Sales. Description. this week• Mid. Fair. Stocks.
d. d. d.
( 1480 Sea Island - 7 to 36 15 17
9595 1 7330 Upland --51 to 71 71 71 " 188220
- • 3790 Mobile - - 6 to 7/179-16 713-16
9212 15150 New Orleans 61 to 8g 711-16 8
780 5030 Brazil --.74t0 81 7i 71 42230
6770 Egyptian --71 to 18 9g 9 15590
155 50 West India -si to 101 71 8 820
6675 6050 East India -41t06S 5* 5g 39320
-----
26118 45660 Total 286230