Northern Times.
Liverpool, Merseyside, England, 1857-09-08 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, TUESDAY, SEPTEMBER 8, 1857.

MONETARY AND COMMERCIAL.

LIVERPOOL, Monday. Evening.
The Cotton Market continues moderately active,
at very full prices. To-day, the sales were 10,000
bales, including 2000 on speculation and for
export. At a time when so much attention is
drawn to the subject of Cotton, everything bearing
thereon is interesting. The following letter from
New Orleans has been handed us by a valued cor-
respondent, who takes a great interest in the pro-
ceedings of the Cotton Supply Association. It
has been- written by an intimate friend of our
correspondent's, and as the writer is a commission
me chant for English spinners, it is evidently his
interest to see low pricEs of the great staple of the
United States:—

NWIt ORLT.A.NS, 13th August, 1857.—The new crop is,
no doubt, the subject of interest everywhere. It is in its
ultimate yield dependent on the future ; but if this season
should eod as the last, it will be shcrt—very short. The ,
weather was fine in February and March, and there -was
much early planting; this was all cut off in April The
weather continued cold and unseasonable, which, with the
late replanting, made the condition of the plant backward.
So late as the 4th of July, there were numerous complaints
of a remarkably back ward appearance in the uplands
generally, and particularly in Alabama Since then there
have been rains, and thos lands have improved much, and
hence we receive encouraging eparts ; but then let us not
forget their significance ; they are only comparative to
the bar ward condition previously, and speak now only of
the present improved appearance, le qairiog a late fall and
fine -picking season to make a crop, and no mire heavy
rains. Ido not consider this encouraging as to the future
yied. Georgia and Carolina too, have suffered much from
late rains, generally speaking the condition of the rich
cotton lands of TaJuisanna, Mississippi, and Ark nsis, vsese
in a most promising condition, but the constant rains of the
past five weeks have made those places in a wretched
' condition, they are either too soft and muddy to work and
weed, or else 'under water. The consequence is, that the
plant has been growing at the iitepense of fruit, and it is
even six to seven feet high in scatep?aces. The lower bells
are under water, the rain has spoiled the blossoms as they
come owt, and the middle bolls a-e shedded tangled in
weeds and rotting; much depends, therefore, on the
growth and 'the sun. This is the staple of the reports
and personal information I-get and it may br relied on.
With fine weather, or 'without, mu-:h, very much,
of the present crop will rot. I think it really a serious
affair. I should not be surprised to seethe season pro-
duce no more than 3,000,000, even with a tolerably g+od
close, as there are so many chances for destruction by rot,
or worms and caterpillars besides. Of course, I should
net 'putout-any estimate now ; I only mention the above,
to show you how I value the present condition of things.
and still taking into the account some hopefulness for the
future.better condition of things than usual. Our season
-must open late too, and at such prices, -we shall not begin
to receive—so to speak—till September. Fully a month
' later than usual, and all the world will be wanting cotton. It
may, perhaps, come tardily in too; but I will not dwell on
that now. If the season is favourable it is possible almost
all-the crop may be matured at one time, and so employ
hands in picking as to make the first two months' receipts
small ; but, of course, we don't know how it will be.
There is more sickness and fever in the country than usual,
and besides this, bloody flux is taking off the niggers in
some places ; twenty-three died in so-short a time on one
plantation that the proprietor removed the remainder. It
-is not epidemic yet. These things confirm the account we
get of bad weather. A. factor, desiring to visit Jackson,
from which he was then only fifteen miles distant, had to
travel forty-five miles : places, for two miles, were-some-
times seen under water. A factor who had been travelling
five weeks, in a buggy with a top, says he was wetcvary
day, and finally laid up with bilious fever. An agent
from Washington, to make mail contracts, &e., and who
has been travelling all about for two months, tells me the
same, ant it bears the various tests as to its correctness.
The letters written by planters allude to too much rain,
and the too luxuriant growth of the plant aad weed. Thera
are some places, however, that are doing better.
The following is from another New Orleans cor-
respondent to a Liverpool house':—
' New °Betties, 13rn AUGUST, 1857.—The market has
continued very firm, with an upward tendency.; the long
continued rainy season is injuring the crop greatly, causing
the plant to run to weed, and not forming or boiling as it
should have been doing for a month past. This, together
with the fact that the crop is fully a month later- than
usual, is very dispiriting to the planter, and our southern
interests generally. It is now pretty freely admitted, on
all hands, that the new crop cannot equal, or more than
equal the year just closing ; and it is the opinion of some
that if the rainy weather continues two weeks longer, and
is general, not more than a two-million bale crop can be
gathered. Stock on hand, 21,300 bales; decrease in re-
reipte at all ports, as far as heard from, 576,400 bales.
The Liverpool Share Market has been steady
to-day, but without much business going
forward, closing a little easier. The day's
transactions consisted of Caledonian, 421, 42k, 42 ;
Chester and Holyhead, 174 ; Eastern Colin-
ties, 113 ; Great Western, 56; Lancashire and
Yorkshire, 1001; London and North Western,
1001 2. • Manchester, Sheffield, and Lincolnshire,

401, 404, 41, 404 ; Midland, 82, 824; North British,
128; North Eastern, 2n,-, 231; York Capital Stock,
40-g ; South Eastern, 214 ; Grand Trunk of Canada,
12 11-16 ; Great Luxembourg Constituted, .7 After
the regular business hours, sales were made in
Manchester, Sheffield, and LincolnS'hire, 41, 414,
414 ; Midland Stock, 82f ; North British, 124
Subjoined are the latest closing prices :-
Blackburn, 7i, 8 ; Chester and Birkenhead, 66,
663; Caledonian, 41*, 42 ; Chester and Holyhead,
174, 173 ; Eastern Counties, 11l xd 11 7-16 ; East
Lancashire, 964, 97 ; Do. 91. shares, 4, 9-16 p ;
Great Northern, 24, 244; Do. A, 11, 11*; Great
Western, 66, xd 561; Lancashire and Yorkshire
Stock, 1003, 100 t ; Do. 91 shares, 4, p; Liverpool,
Crosby, and Southport, 19, 194 ; eondon and North
Western Stock, 1004, xd 100 i; Manchester, Shef-
field, and Lincolnshire, 414, 414 ; Midland Stock,
82. xd 824 ; North British, 12, xn 124 ; North
Staffordshire, 43, 4 d ; North Eastern-Berwick,
234. xi 234; York and North Midland, 40, 4C4;
Leeds Capital Stock, 254, 254; South Eastern and
. Dover 21 5-16, 21 7-16 ; Scottish North Eastern,
124, ; Buffalo and Lake Huron, 44. 43 d ;
Do. New Shares, 4, 31 d ; Dutch Rhenish, 34, 3 d ;
Great Western of Canada, 21*, 211; Do. New
Shares, 7-16, 9 16 p; Great Luxembourg, 7, 74;
Grand Trunk of Canada, 128, 124.
Monetary matters aro in much the same state
as before the close of last week. There has not
been any pressure for bank accommodation. The
rates of discount are unchanged. The public funds
to-lay were dull, and the -improvement of 1 - 16
per Cent, which was established on Saturday, has
not been maintained apart from the settlement,
very little business has been going forward.
Consols for money opened at 906, and advanced
to 903, but subsequently closed tamely at 904 to
901, For the account business was done at 904 to
904 this being the closing rate. The new 3 per cents
wel s done, and closed at 904, and Exchequer Bills
were held at ss. to 3s. discount.

In the London RMway Share Market there was
a stagnant feeling. Caledonian Stock was sold at
131, 83i 831 The London and North Western,
and other heavy Stocks, were somewhat depreesed •
The sales reported at noon comprised—Lancashire
and Yorkshire, 1031 ; London and North Western,
IDOL 100,74; Manchester, Sheffield, and Lincoln-
shire, 40i. 401- ; North British, 48-4, 48i, 482.
Business left off very quietly, and prices were
quoted thus :—Caledonian, 831, 84 ; Eastern
Counties, 111. 1 lf : East Lancashire, 96, 97 ; Great
Northerr, 88, 90 i Great Western, 56f ; Lancashire
and Yorkshire, 1004, 1001; Leetls Northern, 51 ;
Landon and North Western, 1008, 1001-; London
and South Westela, 94 ; Manchester, Sheffield,
and Linevinshire, 402, 40/.; Midland Stock, 824, 82;;;
North British, 481, 49 ; South Eastern and Dover,
ni, 70 ; York, Newcastle, and Berwick, 94, 95 ;
York and North Midland, 801 801.
The weather continues most favourable for
harvest operations. Out of fifty stations in the
three kingdoms, from which reports were read
tc-day, forty are marked " fine," two " cloudy," five
"dull," two "gloomy" Notwithstanding the fine
weather, and the excellent progress made in the
harvest, the rain trade keeps creeping up. it
Mark-lane to-day both English and Foreign Wheat
advanced 2s per quarter, and Flour was also
higher. At Belfast there was very little done,
bat Wheat advanced 3d per cwt. Other articles
unchanged.
It is stated that a proposal has been made to
the East India House, by the European and
American Steam Company, under the manage-
ment of Mr. Croskey, calculated to facilitate the
periodical trans-port, by the overland route, of such
reinforcements to India as will be necessary 1
throughout the next Aix or nine months to keep the

army up to the amount to which it has now been
raised. The Company posiess eight powerfril
screw steamyrs, of an 'average capacity of 2,377
tons, audit in suggested that tour of these should
be employeJ to establish a fortnightly communi-
cation from. Southampton to Alexandria, and the
remaining four to perform the service from Suez
to Bombay.. Each vessel could take. about
.1,100
men, and a supply at the rate of 2,200 per
month °Quid thus be continuously kept up,.
the troor,s reaching Bombay within forty-five.days
from tb.eir leaving this _country. Owing to the
shorter,' duration of the voyage, it is represented
that for every thousand men despatched 12,0001.
would be saved by the adoption of this route as
eotaparod with that by the Cape, while an advan-
tage will be afforded in enabling the Government to
send borne invalids, both civil alai military, with
the greatest comfort and expedition, The chief re-
commendation of the offer seems to consist in the
uniformity in the size of the 'vessels, so that the
number of troops landed at. Alexandria would
in each instance find precisely the same
accommodation at Sucz. Four of the fleet have
lately been taken up by the India Company, and
are now on their way to Calcutta via the Cape ;
ar,d, supposing the present scheme to be assented
_to, instructions would be transmitted by the over
land mail on the 10th inst. for these not to return
to England, but to go to Suez at snch periods as.to
be in readiness to meet arrivals across the is hmus
from this side. The ships of the company are the
Golden Fleece, Lady Jocelyn, Qieen of the South,
Ilydaspes, Indiana, Argo, Calcutta, and Jason.
It may be useful to recapitulate the particulars
of the gold remittances, which are known to be
actually on the way to this country, from Aus-
tralia :

Gold on Board.

Name. Sailed. Period at Sex. Oz. Value.
Summer Cloud May 11 117 days 7 961 X 31,800
Sardinian May 14 114 days 4,962 19,800
Anglo•Saaon Jane 1 96 days 2023 99,700
True Briton June 13 84 days 61,893 247,500
Montmorency tune 16 81 days 50,196 200,800
Nonrmahal June 15 82 days 3,334 13,300
Norfolk July 5 62 days• 100,000 400,000

Total ounces.. 253,269.t1,012,900

All thes3 vessels are.from Melbourne, except the
Nourmahal, which is from Sydney. Adding 26,000
sovereigns on board the Nourmahal, 30400
sovereigns on board the True Briton, and the
51,0001. taken to Suez by the steamer European,
the remittances of gold en route to England from
Australia are raised to no less than 1,120,3001. The
amount now overdue is considerable.

1855. 1856. I 1857.
Stock on hand this day.... Casks. , 34,153 8,891 ! 11,26 E
Deliver/ last week
Do. from lit June.
Arrival last week ..
Do.from lit June 15.777 21 388 I 19.59;

1 15,777

Price Y.C. per cwt. this day .sBs Od
Do. Town last Friday 605 3d

8,891 11,266
1,7:,8 1,775
.29,487 21,455
2,9 8 1,342
21 338 19,597
j 524 Od 6,14 01
55i9d,j 64505

247 casks palm oil advertised for sale on Friday, 11th inst.

BOROUGH HOP MARKET.-SEPT 7.

About 1,000 pockets new hops have arrived. but tie demand has
not yet commenced, Duty £175,000 to £lBO,OOO. At Worcast .r
market , on Saturday, several lots of new'hops were sold at 100 s to
1123 per cwt,

these of good qua' ty have been freely mirebaso, for which importers
are cow &draw higher rates, latterly light ox /we had thsucall..cf
heavy; the fol:owing are the-transactions daring the month, which
amount to 23,542 hides; Buenos Ayres heevy ox, fair to good, average
604 to 6311)3 at 91d to pid per lb, tare s.bs, light ox. average 47} to
48Tibs at 9iti to 10d per lb, tare 41bs, bulls, avaiare 011'A et fld per
lb, tare 71b3,- Monte Video ox, average 62 t 6'ilbs at 9il to 911 per
lb, tare 51b,, light ox, average 491bs at pa I pa lb, tare 41bs, Beata
ox 45i to 621bs at !lid per lb, tare 4 and 51bs, Buenos Ayres cow of
inferior quality, average 4Slbs at per lb, tar. 4lbs. The preterit
stock is 39,E83 hides. The q*ans .ctions la Rio Grande hides only io-
clu4e about 303 COT, part of a parcel received ria the Slates, average
481bs at 9id perlb, tare 41bs. Stock 1,200 hides.
Buy HlDES.—lmport 425. The sales comprise the month's
import, which were brought to atv.ti n, and after e wider:able com-
petition amongst the exporters, reali+ed the fnilowi,T prices, viz. :--
narrow stretch fresh flesh, average 29 2-3rds lbs at 16ld, broad stretch,
average 33 3 sns lbs, at 13id, narrow, average 21i lbs at 16ii,
broad, average 211bs at 16d, country-damaged at 13d per lb, We
haveno stock.

Ho sec HIDES.--Import 12,089 ; saes 10,261. The demAnd daring
the mouth has been chiefly confined to the home trade ; ate following
are the transacilons-3nenos Ayres, average 30 to 3.: lbs at 14i 6:1,
colts, 16i lbs at 7s 6.1 each. Stock 44,892 hides.

NEW ic MYTH WALES 11 IDES. —lmport 137; Wes 3,17.9. We have
had a good demand all mon h both for exportation and the homa
trade;and se are without Cock in first hands; the following are the
transactions—Sydney ox good quality, average 472 to 62 1-tithlbs at
730 per lb, taro 5 and 4 lbs, average 211 Ihs at 7d For lb, tire 2 Ibs;
Leather, Australian sides, average 13 to 243 lb, have been sold at 113 d
to 1534 per lb, according to quality.
Balm, Eli:am—lmport 1,932. We have 'had a good demand
during the month, chiefly for exportation; the sales anion t to 3,132
hides, which Include a parcel of Macei t's sold to arrive; the transac-
tions on the spot include Ceara's average 233 to 324 lbs at:111J, heavy,
average 41 to 443 lbs at 1134, first damp and country damaged at
lot i, second and third at 330 to 73d perib.
fa WEST COAS r HID ;S. —No import; ales; Or stock.
WEST 'IN EIA .14 1.,E8 Import 400. Sales 25) salted at the °allow-
ing price, :—average 55 lbs at 94d, tare 5. lbs and shake, damaged at
84d per lb tare slbs and shake.
NoaTH AMERICAN HIDE Import 111. salted. We have bad a
good demand far these Hicies'this month, the sales amount to 3,835
hides which comprise California or, average 64 lbs at 740, tare 5 'las,
New York ox, average 703 lbs, at 72, tare 6 lbs ditto average 61 to 65
lb:, at 70, tare 5 .bt ditto average 84 lbs. at 7d, tare .9 iba ditto
average 43 to lbs 7d, tare 4 lbs cows, average 49 to 511 lbs at 7d,
tare 4 ,bs kips, average 253 to 263 lb at 71, tare 2 the damaged ox,
561 to 15 lbs, at ti3d per lb, tare 7 and 9 lbs. Stock 9,214 h des.
EAST INDIA Kies: Import 18,030. Sales :33,000. At the public
sale on the 1 ttlt ult. we had a good demand, ani they sold readily at
an a Vance of fully Id per Ib; the following are the prices realised :
Calcutta dry silted, fair to gold average, 63 to 8 lbs, at 131 d to 143 d,
ISt rubbed. at 1112 to 123 d, end ditt,, at iOd to 1031, heavy, average
lo to 11 3-sths lbs at lid to 121, 2 :Ida, at 934 to 931, ligLt, average 5
to 5 2.stbs lb, at led to 1530, 2nd ditto, at 131 per ,b, mid. to f.ir,
average 73 lbs at 13d, lst rubbed, a: 113 d to I rid, 2dd ditto, at 91,1,
3. d ditto, at 72 I, light, average 54 lbs at 1331, heavy, avecbge 114 :bs,
at 1011 to 1012, 2nd ditto, at 932 per lb, common dry salted, average
64'to 7 3-Silos lbs at 104 d to 11d, 2nd rubbed, at 93 I t, 92d, 3rd cla,s,
ac 734 to 9d, heavy, average 94 to 10 Ibs, at 9d to qd, covers, at 7d to
7 id per lb washed and brined, average 73 lbs,lst rubbed, at 192 I, 2nd
ditto, at 93d, 3-d ditto, at 73d, lot heavy, at 914, 2ad ditto, at M.
Ist light. at 1 lad, 2nd ditto, at 9 i per lb.

BurrsLo Hs ons.—Sales :MOO hirdes, at the follow'ng prices, M
let heavy, average 244 to 26/.bs, at 64d to 6i(l, 2 ids at 4id to 441,
3rds, at 4i, let hatt, average 3, at 61d, 2nd ditto, at 44d, 3rd
ditto, at 41 per lti. Singapore's, average 411bs at 64d, damaged at 51

IlAta.--insport 23 bales, 3 bags. We have had no public sale this
month, and the salad only amonnt to two bales at the following
prices : —short cut tails at 14d, mi,ed at lid per lb. Stock 254 bales,
41 bags, 7lc.

lioiss.— Imp rt, 63 000, sales nil. The month's import will be
brought to auction oa hursl ay next the 10th inst. Buffalo Horns.
—Sales 33,000, at the &Lowing prices : CAcutta's, average 31oz at
30s, damaged at 204. Bombay, average 251 to 30. z at 28s to 30e, Ma-
nilla. averac,e, 323 z at 31s 6d, damaged at 26s pare a•t. Deer Horns.
—9 des 2,900, average 360 z at 40s per cwt.
CATTLE BONES.—lmport 276 tons ; the sales consist of the month's
import, which hare sold as offered at the fo'lowing prices; - thighs at
£5 15s to £6, common grinding at es 5s per ton. Bon: Ash.—
Im port 831 tons ; sales 625 tons at the following rates :—fair at .46 2s
Yid to £6 7s 63, inferior at .43 15s to £4 per ton.
OAK Baaa.--Import 130 tons, sales 100 tons, at £4 7s 63 to .45 10s
per ton.

VALONIA.—Import nil. Sales 300 tons. There has been but little
inquiry this month for this ar icle. The f .11owing are tie prices
paid :—Camatine, in b gs, at £l6 to £l6 103, S.nyrue, goad, at £l6,
fair, at £l5 to .415 103 per ton. Stock 2.50 tone.
Divi Divi.—lmport 200 tons. Sales 29 tons Rio H:che, at £lO 15s
per toe.

. - - -
BOhNOS AYRES SHEEP AND LAMB SHlNS.—lmport 114 ba.es.
At the public sde on the 27th ult., our stock was oftered but none
sold; the transactions include 4 b :les average 55i lbs pa dozen, at 8d
per lb.

NEWFOUNDLAND SEAL SEttss.—lmport 140,000. Sales 2,800, at
the taewing prices—tet !arge at 93 91, tad do. at 7s 9d, saddlers at
63 10d bedlamers at 61 6d, blue blacks at 55 6d, white coat and hairs
at ss Sd each. Stock 128,000.
SJUTII AmsrticAN TALLOW.—lmport 211 pipes; siees 600 pipes.
There has been a gold demand during the mouth, and prices have
advanced about 3s per cwt ; the !ales are chi, fly of fair to pod
Saladero at 63s 60 per cwt. Stock tf River Pla'e 150 pipes. Mares'
grease.—lmport 92 cases, 100 boxes;. salas hive been made to the
extent of 200 packages, at 41s to 423 6d per cwt- S ock 700 boxes, 10
casks. P.Y.C. is to-day quoted at 63, 64 to 64s per cut
G. F. MULTI:V.