Northern Times.
Liverpool, Merseyside, England, 1857-08-27 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Wednesday Evening.

A very large business continues to be done in
eur Cotton Market, arid prices to-day were fully
id to 1d per lb higher than on Friday last. The
sales to-day were fully 20,000 bales, of which about
2,000 were on speculation and for export.
Without much business being transacted in the
Liverpool Share Market, there was a tendency
towards improvement during the latter part of
to-day. The North Eastern lines were in demand.
and Canadian Shares close slightly higher. To-
day's transactions were as follows :-Birkenhead,
Lancas.i:ire, and Cheshire, 65, Cn; Lancashire
and Yorkshire, 99, 991 ; Manchester, Sheffield, and
Lincolnshire, 301, 391, 391; Midland, 831, 831;
York Capital Stock, 391 391; Great Luxem-
bourg, 7 1-16 ; Liverpool and London Fire
and Life, 8 p. The sales for the next account
were, :-Caledonian, 394, 40, 401 ; Manchester,
Sheffield, and Lincolnshire, 391 ; Dovers, 211 ;
Great Western of Canada, 211; Grand Trunk of
Canada, 121 The following were the closing
prices: - Blackburn, 71, 71 ; Chester and
Birkenhead, 66, 66/ ; Caledonian, 391, 40 ;
Chester and Holyhead, 171, 171 ; Eastern
Counties, 11 5-16, 111 ; East Lancashire, 961, 061 ;
Do. 01. shares, 1, 9-16 p ; Great Northern,
24, 241; Great Western, 531, 54; Lancashire and
Yorkshire Stock, 99, 991; Do. 91. shares,
11-16, 4p; Liverpool, Crosby, and SouthpOrt,
191, 191 ; London and North Western Stock,
1021, 1021; Manchester, Sheffield, and Lincoln-
shire, 391, 391; Midland Stock, 831. 84 ;
North British 111. IIK ; North Staffordshire,
41,4 d ; South Eastern. 21 7-16, 21 9-16 ; Scottish
North Eastern, 121, 124; North Eastern-Berwick,
24, 241; York and North Midland, 391, 40 ; Leeds
Capital Stock, 241, 241; Buffalo and Lake
Huron, -41, 41 I; Ditto New Shares, 4, 31 d ;
Dutch Rhenish, 3'l 31 d ; Great Western of
Canada, 211, 211 ; Ditto New Shares, 1 1);
Great Luxembourg, 7 1-16, 7 3-16; Grand Trunk
of Canada, 121, 121 -The following were the
Continuations paid :-Chester, and Birkenhead,
5 16; Caledonian, 1,3 e ; Eastern Counties,. Is ;
Great Western, 8; Lancashire and Yorkshire
Stock, 7-16, 1; London and North Western Stock,
6s 6i, 5-16, /, 5-16 ; Manchester, Sheffield, and
Lincolnshire, Is 6d : Midland Stock, 1, 3-16;
South Eastern, is 41d, 1-16, is 41c1 ; North
Eastern-Berwick, 1-16 ; Dutch Rhenish, 7d ;
Grand Trunk of Canada, is ld, is 21.
There is no change of consequence to notice in
the condition of the Money Market, which is
tolerably well supplied. There may, however, be
rather more caution evinced by the discount
houses, but generally there has been no rise in the
rate of interest. To-day it was anticipated that
the full details of the Indian Mail would have
been received, and the disappointment at their
non-arrival led to a slight reaction in the Funds,
and Consols closed a fulls per cent. lower than on
yesterday. For Money the closing rate was 901 to
901, and for the Account 901 to 901. Exchequer
Bills closed at 4 dis. to 1 pm , and the New Three
per Cents at 911 to 911

- There was but little business transacted in the
London Railway Share Market to-du, but on the
whole prices were well maintained. The following
were the closing quotations :—Caledonian, 79k, 80;
Eastern Counties, 111, 111 ; East Lancashire, 951.
96i ; Great Northern, 96k, 974 ; Ditto A, 89, 91;
Great Western, 538, 53i ; Lancashire and Yorkshire,
991, 991 ; Leeds Northern; 48 49 ; London and
North Western, 102*, 104; London and South
Western, 931, 94 ; Manchester, Sheffield, and
Lincolnshire, 301, 391 ; Midland Stock, 834, 831 ;
North British, 454. 404 ; South Eastern and Dover,
711, 71i; York, Newcastle, and Berwick, 95k, 961 ;
York and North Midland, 79, 80.

The Board of Trade Returns for July were
issued this morning. The value of British produce
and minufactures exported in that month amounted
to 12,201,000/, being an increase of 20 per cent as
compared with the same month last year. The
exports for the seven months of 1857 amount to
73,027,0001, being an increase of about 9,000,0001
as compared with the same period of last year, and
above 22 000,0001 when contrasted with 1855. In
Tea then.: has been a large increase of consumption
this year. The navigation returns show an increase
under nearly every head.

At a Special meeting of the Bank of Egypt
yesterday afternoon, Mr. W. Tite, M.P., iu the
chair, the report and accounts were unanimously
adopted, and a first dividend declarei of 6 per
cent. upon the paid.up capital, free of income-tax.
The chairman observed that the business of the
bank since its formation has been conducted with
the greatest care, and that no hazardous transact-
ions have been entered into with a view of securing
a larger profit. The directors have considered it
advisable to establish a branch at Cairo, to which
place all the productions of the interior are brougt,
and where a flourishing trade is carried on. It is
actic.pateci that this branch will b© opened in
about a month, in time for the winter trade., In
answer to a question the chairman stated that it is
just possible to carry o❑ the new establishment
without additional capital, but it is not though'
desirable to pursue such a course, as it would
weaken the position of the bank at Aluxiindria. A
eail will therefore be made about the begin-
ing of next year. Explanations were also given
respecting tha item for rents, salaries, St.!. In the
course of the meeting it was stated that the rail-
road from Alexandria to Suez will be opened in
about two months.

At the first annual meeting of the Ottoman Bank
held to-day, the net profit was stated to be 30,029/,
and after carrying forward a sum of 15,029/, a divi-
dend of 8 per cant. was declared by way of interest.
The halt-yearly meeting of the Newry, Warren-
point, and Rostrevor Railway Company will be
held at the Clarend,m Rooms on Monday next.
The fAlowing is the report to be submitted to the
shareholders :

Your directors, in their last report, in+im tted the inten-
tion of the Newry and Enniskillen Company to apply, in
unison with this Company, for parliamentary powers to
extend their line to Armagh, and to form a junction of the
same with this line. Your directors have now the satis-
faction to report that such parliamentary powers have
been fully obtained, enabling the Newry and Enniskillen
Company to extend their line to Armagh. and this Com-
pany to join it, and also to lay rails along the Warreupoint
dock Your consent will be asked to an agreement with
the Newry and Enniskillen railway for working your
line upon terms and condi.ions which will be submitted
to the meetinz. The whole of the 5,000 preference shares,
issued under the resolution of 28th February, 1855, h,ving
been taken up, your directors pr-pose to take powers to
convert an additional sum of £lo,oeo of the ou,stsnding
debenture debt into similar preference shares.
At a half-yearly meeting of the General Steam
Navigation Company yesterday, the usual divi-
dend at the rate of 10 per cent: per annum was
declared

The Railway Meetings yesterday were rather
interesting. At the meeting of the Norfolk Rail-
way Company, Mr. Hutt, the secretary, read the
report, which stated that the arneunt credited to
the Norfolk Company by the Eastern Counties
Company was 42.9251., as their proportion of the
joint earnings, after deducting working and other
charges, showing an increase of 1,7061. over the
corresponding period of last year, arid would en-
able the proprietors to declare a dividend of 11. 10s.
per cent upon the ordinary stock of the company
for the half-year, leaving a ba:ance of 5141. for the
next account. Resolutions were passed adopting
the report, declaring a dividend of 30s. per cent.
on the original stock, and the usual dividends on
the preference stocks, psyable on the 15th of
Sept. The meeting was then made spedial, and the
directors were authorised to raise 50.0001, by the
issue of 10,000 5/. shares to be guaranteed 5 per cent,
per annum. At the meeting of the Bradfod, W+ke.
field and Leeds, the seeretaty read the report, which
stated that the late heavy rains had caused slips
in the excavations, and that three weeks would yet
be required to finish the line, even if the weather
were favourable. The contractor, Mr. Young, bad
promised to exert himself to get the line reedy by
that time. It was stated by the chairman that the
delay which had already taken plat; in this respect
had been seriously prejudicial to -the interests of
the shareholders, but at the sarne7 time the direc-
tors had done everything to assist the contractor-,
and no cau3e for the delay could be attributable to
the company. According to the bond between