Northern Times.
Liverpool, Merseyside, England, 1857-11-04 00:00:00

MONETARY AND COMMERCIAL

• LivEßpoor„ -Tuesday Evening.
A. meeting of the directors. of, and share-
holders in, the,l3 )rough Bank was held this-day,
at which it was r, solved that all deposits at and
under 2001 should at once be paid off, and that-the
claims of all depositf.re and other creditois, for
emounts ezceeding 2001„ should be supplied with
bills payable at sir, twelve, eighteen, and twenty.
four months' date, these bills bearing interest st`i
the rate of 7 per cent. per annum. The following
is an official report of Ihe resolutions arrived at
by the bar,k:—

At a large and influential meeting of Depositrrs and
other Creditors of the Liverpool Borough Bank, held at
the Bank on the 3rd November, 1837, the following offer
was made on the part of the Bank :
"That the claims of all Depsitors and other Creditors
for amounts exceeding two hunired pounds, sh(uld be
satisfied by the promissory notes of the Bank, payable at
6, 12, 18. an 1 24 months' date, bearing interest at the
rate of £7 per cent. per annum."
The following resolution was unanimously agreed to by
the meeting, upon the motion of Mr. W. F. McGreg )r,
seconded by Mr. Thomss Gair :

" That this meeting considers it advisable to accept the
offer of the Directors, under the sanction of a C.)mmicies
of Depositors, consisting of the following gentlemen :
Messrs. J. H. Wrigley, Benjamin Derbyshire, William
Hope, Peter Gorge Heyworth, Philip Rawson, Thomas
Lair, John Tyson, and W. F. MacGregor."
A conference then took place between the Committee
so appointed and the Directore, and a Committee of Share.
holders in the Bank, when, after explanations given by
the Directors and and Shareholders' Committee, in answer
to inqn.ries on the part of the Depositors' Committee, the
latter came unanimously to the full 'wing resolution :
" I—That the offer made on the part of the Bank
should be accepted.
"3 —That Mr. Seller, the manager of the Bank, be re-
quested to send a copy of this minu'e to each depositor
and other creditor of the Bank for an amount exceeding
£2OO " Jsues HARDY WRIGLEY,
P. RAWSON.
The Cotton Mark.,t was rather dull to—day—
unchanged prices. The sales wtre about 2,500
bales.

There was a limited business done in the Liver-
pool Share Market to day, and prices must bc
quoted rather lower. The following were the day's
transactions :----B!ackburn. 81 ; Caledonian; 391 ;
Eastern Counties, 101 ; East Lancashire. 90 ;
Lancashire and Yorkshire, 921 921. 93, 92i 921.
921, 921 ; London and North Western 961, 96
951 ; Do., f Shares, 1 d ; Midland, 821. 821,
821, 82/, 824, 821. 82; North Eastern, 221, ; York
Capital Stock, 39 ; D fivers. 19 18 15 16, 181-,
18 15-16, 181; Dutch ItheniSh.• 59; Grand Trunk
of Canada, 91; 9 11-16, 91. 91, 9); Great
Western of Casale, 18i. Tun following were the
closing prices :-Blalkhurn, 8, Fi-; Chester
and Birkenhead, 63, 613; Caledonian, 391, 391;
Chester and Holyhead, 15, 15); Eastern Counties,
10 11-10, 10 13-16; East Lancashire, 891 901; Do.
9/ Shares, if, p; Great Northern, 23k, 24 ; De. A,
101, 101 ; Great Western, 50, 501; Lancashire
and Yorkshire Stock, 921, 92i; Do. 91 ehrires, A 1 p;
Liverpool, Crosby, and 6outh pert, I.Bi, 186; London
aad North Western Stock, 951, 953 ; Manchester,
Sheffield, and Lincolnshire, 371, 38 ; Midland
Stock, 814, 82 ; North British, 111 13 ; North
Staffordshire, .11, 41 d ; •North Eastern -Ber-
wick, 22 11-16, 22 15-16 ; York and North Midland,
381 39; Leeds Capital Siock, 231, 24; South East-
ern and Dover, 18 13.10, 1.8 13-10 ; Scottish North
Eastern, 11, 12 ; Buffalo and Lake Huron, 51 51 d ;
Do., New Shares, sf, 51 d ; Dutch Rhenish, 5k
51 d ; Great Western of Caitnada, 18, IRj ; Do. New.
shares, 21 21 d Great Luxembourg, 6, 61 ;Gt and
Trunk of Canada, 9 9.10, 94
Owing to the withdrawal of gold from the Bank,
and the less satisfactory advises fro n America, the.
Funds were weaker to-day. Prices declined to.
fully one half per cent. lower than at the close of
business on Saturday. Consols for Money closed
at 89a to 891. and fir the Account the same rate
was current,

The London-Railway Share Market was not
so active to day, and pri,;es suffered a slight
reverse. The followinq, were the closing quota-
tions :—Caledonian, 781; Eastern Counties, b 3,
51 ; East Lancashire, 92; Great. Northern, 94, 95 ;
do. A shires, 85, 87; Lancashire and York-
shire, 924 ; Leeds Northern, 47i, 48; ; London
and North Western, 954, 951; London and South
Western, 88, 89 ; Midland Stock, 82f ; North
British, 471, 481 ; South Eastern and Dover,
0.11 York, -14 rruna.l-, mud DUI WICK, V , '4
York and North Midland, 78, 79 ; Grand
Trunk of Canada, 58, 40 ; Great Western
of Canada, 171, 184; do. (New), 24, 2.
After official hours the following were the
nominal prices:—Caledonian, 774, 784; Eastern
Counties, 10 11-16, 10 13 16 ; East Lancashire, 89,
91; Great Northern A Shares, 84, 83 ; Great
Westero, 49i, 504; Lancashire and Yorkshire,
924, 921 ; London and North Western, 951 ;
Manchester, Sheffield, and Lincolnshire, 38k;
Midlatil Stock, 81/, 82i ; S.nith Eastern and
Dover, 621, 634 ; York, Newcastle, and Berwick,
91, 92 1 York and North Midland, 77i 78
The Manchester Marko: has relapsed into its
old state—nothing doing, and prices faveraring
buyers.

The London Tobaeco Market is nearly iu the
same position as described at the eud of September,
and quo ations are unchanged. Messrs. Grant,
Hodgson, an .1 Co., in their monthly review of the
market, say—

Sales of all sorts may be estimated at nearly COO Mids.,
including 100 hhds. far exportation. Purchases by the
trade have been chiefly of a limited character, and for
immediate consumption. Importers and holdsrs have
shown no apparent desire to press sales, but have continued
to express the same confidence in prospective prices, quite
irrespective of the commercial convulsions in the United
Sta.e3; and it may be observed, that Tobacco has been
almost an exc.,ptional article in the general depression,
consequent on the monetary crisis that his taken place,
which must in a great measure be Recoil ted for by the
reduced stocks of Americin growth of all descriptions.
They also add—
._

Interviews took place last month ' ith the Commissioners
of Customs, relative to the charges made as regards rent
and warehousing Tobacc ), in the port of London and
elsewhere, but no satisfactory remit was accomplished.
It is now the intention of parties chiefly interested, to
press the subject on the attention of Government, it b ing
deemed quite impossible to allow the matter to remain in
its present anomalous state.

Messrs J. P. Platt and Co., or this town, in their
monthly Freight Circular, make the following
remarks :

To AUSTRALTA.—We have little change to notice in
freights ; shipments, however, have not come forward so
freely, in consequence of which, by other ship than the
packets, a sligh. decline is submitted to. Our quotations
are, to Melbourne Wharf, by the packst-ships of the sth
and 20:h—fine gools, 503.; earthenware, holloware, &e.,
45s per t, n measurement; iron, &,e , 403 per ton weight ;
by other vessels, 40s. to 453. per ton measurement ;
weight and rough goods, 321 6d to 40'. To Syiney—
fine go ,es, 403 ; hart ware, earthenware Sc:t., 323 6d. to
353. ; w&ight, 355. To Adelaide, 403. per ton measure-
ment ; 35s per ton weight
UNITED STATES.—During the past month freights have
ruled very irregular and declining The accounts received
by the last two steamers from New York, of ►he money
crisis, have assumed alarming proportions, and as a
natural consequence, had a most depressing effect on
shipments, which have fallen off consileraby, and fur
some time must renvtin in a n(gtecte condition. Oar
to-day's quotations, which are quite nominal, are :

PIS TOV_MEAS6REMENT.

To N. Yor,4. Boston. Philadelphia. N. Orleans.
Rd ad sd sd sd scl ad sd
Dry Goods .. 8 oto 15 0.. 8 oto 15 0..12 6t020 0..15 oto 2 0
1-14,dgare.... 12 6 to 0 0..12 6 to 20 0..15 oto 20 0..17 6to 0 0
Eart,lenware .66 to 8 0 76 to 8 0.. 90to 1; 0.. 76 to 9 0