Northern Times.
Liverpool, Merseyside, England, 1857-06-26 00:00:00

MONETARY AND COMMERCIAL.

THE SMOKE NUISANCE AGAIN.

Yesterday, three of the large manufactories of this town
were summoned before the m,gistrates, Messrs. Boniton
and Jeffery, by direction of the Health Committee,
for permitting dense volumes of black smoke to issue from
the " cones" of their manufactories, against the provisions
of the Smoke Prevention Act. The first case heard was
that against Mr. Ed ward Hutchinson, of the flour mills,
Henry-street, on the 9.h of June. Mr. Wignall, the
inspector of smoke nuisances, clearly proved that, on the
9th of June, he saw dense volumes of black smoke issuing
from the chimney of the flour mills, from 11.41 until
11.48. The defendant appeared, and, in answer to the
charge, stated that he had only recently taken the works,
which were quite new, and could not positively state the
capabilities the works had for preventing the' nuisance.
The Bench : Have there been any former complaints made
against these works ? Mr. Wignall: There has been only
one notice received, and the works are very new. Under
the circumstancee, the bench dismissed the case, but hoped
that, in future, the defendant would instruct his engineer
and stoker to be more careful for the future, or, on a
second summons being issued, a very heavy penalty would
be imposed. The case was consequently dismissed.
Messrs. Thomas and Henry Briscoll , and Co., oil
refiners, &c., of Parr-street, off Slater-street, were
summoned for permitting dense volumes of black
smoke to issue from the chimney of their ma-
nufactory on the 17th of June, from 11.46 to
11.55. In answer to the Bench, the Inspector proved that
he had previously seen the same description of smoke
issuing from the chimney on various occasions, and that he
had served the defendants with four notices, signed by the
Town Clerk, warning them that if such a nuisance was
permitted to exist, that legal proceelings would be insti-
tuted. The bench being of opinion that the nuisance could
be abolished, with proper care and attention on the part of
the employers, ordered the defendants to pay a fine of 20s.
and costs.

LIYERPOOL, Thursday Evening.
The Cotton Market remains very firm to-day-
the sales were about 8,000 bales, 1,500 of which
were on speculation and for export.
Although there was not much business trans-
acted in the Liverpool Share Market to-day, prices
may be said to have had an upward tendency. The
following was the business done :-Birkenhead,
Lancashire, and Cheshire, 71 ; Blackburn,74, 15-16,
8; Caledonian, b 74 ; Lancashire and Yorkshire,
1004 ; Ditto, 91. shares, 1 1-16 p ; London and North
Western, 104, 1034, 104; Manchester, Sheffield,
and Lincolnshire, 411; Midland, 83k, 81 ; North
Eastern, 234, 234 ; St. Helens Canal and Railway, A,
80 ; Dovera, 224, 224 ; Buffalo and Like Huron,
new shares, 24 d ; Dutch Rhenish, 24 d ; COM-
mercial Bank, 121 ; Liverpool and London Fire and
Life Assurance, 8 p. The following were the
closing prices :-Blackburn, 8, 84 ; Chester and
Birkenhead, 711, 714; Caledonian, 3711-16, 37 13-16;
Chester and Holyhead, 181, 184 ; Eastern Coun-
ties, 114, 11 13-16 ; East Lancashire, 964, 974 ;
Ditto £9 shares, t, 13-16 p ; Great Northern, 24k.
241; Great Western, 614, 654 Lancashire and
Yorkshire Stock, 1004, 101 ; Do, £9 shares, 1,
1 1-16 p ; Liverpool, Crosby, and Southport, 194,
194 ; London and North Western Stock, 1034,
1041; Ditto one-eigthth shares, 3-16, 8 d ; Man-
chester, Sheffield, and Lincolnshire, 444, 444 ;
Midland Stook, 84, 814; North British, 104, 104 ;
North Staffordshire, 5, 44 d; North Eastern-Ber-
wick, 23 3-16, 23 5-16; York and North Midland, 354,
354; Leeds Capital Stock, 224, 224; South Eastern
and Dover, 22 9-16, 224 ; Scottish North Eastern,
124, 124; Buffalo and Lake Huron, 24, 2d ; Ditto
News Shares, 24, 2 d ; Dutch Rhenish, 271, 24 (1;
Great Western of Canada, 224, 233 ; Ditto
New Shares, 1, 14 p ; Great Luxembourg,
11 5-16, 11 3-16 d ; Grand Trunk of Canada,
14 11-16, 144.
The weekly court of the Bank of England broke
up this afternoon, without announcing any altera-
tion in the rate of discount ; but as a change was
not anticipated, the Funds and Securities remained
very firm, without any alteration in price. A
decline in the Back rate of interest to 54 per cent.
is, however, confidently expected, despite the
active employment which can be found for capital
at the current rates. It is known, however, that
the situation of the establishment still gains
strength, and that the bullion which, on tho 13th
instant, stood at nearly eleven millions sterling,
has since been materially increased. The Bank
of England being governed solely by the actual
position of its resources, and not so much by
events in prospective, an alteration in the present
discount arrangements, it is supposed, may
now again be made, and if so, the sanguine
view caused by the first movement, viz , from 64 to
5 per cent., will naturally be strengthened.. The
requirements of trade prevent a marked diminu-
tioa in the inquiry in Lombard-street, and at the
Bank ; but if the supply increases, and some relief
is sure to be afforded by the payment of the divi-
dends, it is not improbable that 5 per cent. as the
minimum quotation will be attained during the
current year; but a great deal will of course
depend upon the state of the weather and the pro-
gress of the crops.o )nsols for the Account closed
to-lay at 934 to 934, and remained the same after
official hours. Exchequer Bills 5 dis to 2 pm, and
the new Three per Cents 924 to 984
The London Share Market was very steady to-
day, with a moderate business doing. The closing
prices were as follows :-Ambergate, Nott;ngham;
and East Junction, 54, 54; Caledonian, 744, 754 ;
Edinbuigh and Glasgow, 62, 61 ; Eastern Coun-
ties, 118, 111 ; East Lancashire, 97, 98 ; Great
Northern, 984, 994 ; Ditto A, 914, 924; Great
Western, 644, 654; Lancashire and Yorkshire, 1001,
101 ; Leeds Northern, 444, 454; London and
North Western, 1044 ; London and South
Western, 1014, 1024 ; Manchester, Sheffield,
and Lincolnshire, 444; Midland Stock, 834,
844; North British, 434,431; South Eastern and
Dover, 754 ; York, Newcastle and Berwick,
924, 93 ; York and North Midland, 701, 714
After official hours the following were the prices
current :-Caledonian, 751 ; Eastern Counties,
114, 111; East Lancashire, 97, 98 ; Great Northern,
984, 994; Ditto A, 91, 92 ; Great Western, 64
644; Lancashire and Yorkshire, 1004, 101; London
and North Western, 103'4, 1044; Manchester, Shef-
field, and Lincoln-shire, 444; Midland Stock, 834.
84 ; North British, 43, 44 ; South Eastern and
Dover, 754. 751; York, Newcastle, and Berwick,
924, 934 ; York and North Midland, 71, 72.
The various Produce Markets, both here and in
London are not firm. Sugar has again become
dull, and very little is doing in Tea. Common
Congou is quoted in London at ls. /d. per lb.
Rice is dull,
The Grain Markets held to-day were very tame
and languid, and lesser prices did not induce
business to any extent.
From Mr. Tredennick's (of Old Bond-street,
London) circular, just published, we extract the
following information respecting mines and Min-
ing Shares :-
Thd tone of the Mining Share Market 'is evidently
strengthened, esith a decided upward tendency ; business,
however, is restricted in extent, and chiefly confined to a
few dividend and favourable progressive mines ; money is
easier, and the large imports of bullion tend to inspire
confidence in the stability and prosperity of oar commercial
relations with other and advancing nations ; our colonies
are also in a very prosperous state, and the export of pre-
cious metals to the mother country is daily becoming less
fluctuating and more in bulk It is n w generally under.
stood that Copper and Tin will be subject to further
depreciation ; a fall of £5, or two or £3 each, are con-
sidered the extreme margin in perspective ; in two months
from this date several latge importati ms of Copper, as well
as the Banca Tin for sale in Holland, will be disposed of,
when, as on former occasions, it, is anticipated (in well
informed 'circles) that markets will improve,-smelters have
exercised considerable control over mines, yet we know of
no instance wherein they have voluntarily saciifieed their
individual interests whenever consumption exceeds supply,
as undoubtedly will be the case two months hence; prices
of many Copper and Tin Mines have depreciated mach
during the past three months, yet the re-action will be
(qually startling whenever it transpires. Kitty Lelant
19 to 20 ex. div. of £1 ; Margaret 50 ; Providence 721 to
75, quarterly div. of £5 ; Dolcoatli £250, paying two-
monthly, with reserves to maint Sin dive. ten to twelve years
hence; South Frances, paying £5O to £6O per year, £305;
Basset £250 per share, paying £5O ; North B sset 16 to
17, div. £3 to £3 103 annually; West Sewn, looking well,
310, ex. div. of £8 ; with Botallack, South Caradon, Mary
Ann, Trelawney, Wrey, Boscran, Condurrew, Margery,
Boiling Well, Bailer and Basset United, West Alfrej
Consols, South Gorland, Carnewas, Lelant Consols, Pan-
deen,
all or
southLned vant, Great South Tolgus, and Old Tolgus
United,
dividend
and progressive property, well
worthy the attention of purchasers at ruling prices.
A comparative statement of the arrivals and ton-
nage at the port of Quebec, from the commence-
ment of the present year to the 6th of June, as
contrasted with the returns of the previous year
for the same period, shows the following results :-
1856, 228 vessels, 122,645 tons, 1857, 388 vessels,
201,567 tons. I ecrease in number of vessels, 160;
increase in tonnage, 78,922 tons.
The Montreal and City Banks have both lately
had their semi-annual meetings, and published
their annual reports. Both these documents
INFORMATION RESPECTING' CANADA.-The Canadian Government manifest a high state of prosperity, and bear the
has published an intere.iting pamphlet on the res :urces of Canada, „.e
end the „respects in store for the industrious of classes who desire au. and business ,like management.
to emigrate there. It has been gratuitously circulated throughout The first-named and larger institution announces
profits at 141.529/ 15s after deductin g current
the United Kingdom, together with the two lectures upon Canada, its
de ivered by 111 r. Rollo Campbell, of Montreal, in January last. Every ,
clergyman in Scotland has lima supplied with a copy of both, together expenses, taxes, &e. ; out of this a dividend of 8
with tee particulars of the Grand Truilt system of Through Booking, per cent. on the paid-up capital is declared, and in
and a Map of Canada, upon which all the Railways and their comet- addition a sum of 10,000/ has been added to the
den with tee United States are shown. These, ant other documents,
contin ie to be issued gratuitously to all persons who apply for them, rest, thus raising that fund to 185,000/. The
either personally or by letter, at the offices of the Grand Trunk Rail- City Bank (Montreal) declares a dividend of 9 per
way Company, '2l, Old Broad-street, London, E.C.
Emigrants to the UNITED STATES and CANADA., by taAng, the cent. on the year just closed, amounting to
Through 'rickets of the Grand Trunk Railway Company, are conveyed 25,1521, and adds 8,0001 to the reserve fund,
from their port of landing to their destination in less than ONE
making a balance at the credit of the latter of
QUARTE a OF THE Tll'i,, taken by Stamm Boats, and at about the same
rates of fares. 'thus a passenger can reach Chicago from Quebec, a 40,5781. 4s sd. The president of this institution
distance of 1,007 miles, in less than 24 days, whereas by water it is takes oceasion to say some good things on banking
nearly double the d'stance and requires from 12 to 15 days, with five
or six changes of Steam Boats, daring all of which they are exposed generally, at the same time that he congratulate s
to the arts and m chinations of designing persons, whose sole means the shareholders on the prosperity of the bank,
of living is by their p:nnder. The Steam Boats, especially when
which he declares to have been uninterrupted. All
crowed, se treely afford protection from the weather. Passengers
with rhrough Tickets are allowed the same amount of luggage, free, the banks in the country have issued a notice to
as on board the ship, and it is convey: d from the Ship to the Railway prepare the public for the contemplated change in
Station without any charge whatever. The Agents of the I rand
Trunk Company will give Mechanics, Artizans, and Labourers. on the currency on this let January next, so that mer-
their arrival, the best information in respect to employment, the chants and others concerned may guide themselves
elms aat which It to to be had, and the rates of wages. Intending
Emigrants ear. have sent to them, free, a RAW! of passenger rotas: accordingly. The eh age will at first be no doubt
and all the'; enquiries with regard to the sailing of both steamers and found. troublesome, but all agree in hailing this
Si' lint ahips, Scale of pieta/7, are., will lei immediately answered on , •
a;-`3..ication, either personally or by letter, at the offices of the Grand. / dnange as a step the right direction.
Wank Company, 21, Old Broad-street, London. The private acivicea from Paris allege that gold

Mesars. Iltechison and G-arvie, rope manufacturers, of
Lodge-lane, Toxteth-park, were summoned for a similar
offence on the 19th of June. Mr. Wignall provmd that on
the day in question he saw dense volumes of blcck smoke
issuing from the defendant's premises, from 10 37 until
10.41, and again from 11.43 until 11.47. This, he said,
was a very bad case, as it was entirely owing to
the carelessness and the negligence of the stoker,
as he had repeatedly proved. Mr. Jeffery : Have
they done it before, Mr. Wignall ? Yes. I
have served them with no less than five notices. Mr.
Bolton : Warnirg them ? Mr. Wignall : Yes, sir ; but
this is the first time that they have been summoned. Mr.
Jeffery : Do you make your men pay Ole fines ? The
Defendant : Well, I have not done so, but I have talked
about it. Mr. Jeffery : It has been over and over again
clearly shown that there is no tecessity for the smoke. Mr.
Wignall : In this case it is gross carelessness. I visited
the works this morning, and they are in excellent order.
Mr. Jeffery : I think you should make the men pay a
portion of the fine, and that, perhaps, might be the means
of making them more careful in future. Mr. Wignall : It
only requirei a small amount of care to prevent it. Mr.
Jeffery : We mint not pe-mit the publi 1 to be thus
annoyed, and as this is the first time you have been sum-
moned we shall mitigate the penalty to 203 and costs, in
the hope that it will be a caution to your men for the
future.

In each of the above cases Mr. Wiguall, the inspector,
clearly proved that the works were in good order, and
that the smoke could be prevented with due care and
attention on the part of the employes, who had the charge
of the furnaces.

LIVERPOOL B. NKRUPTCY COURT.-YESTERDA.Y

(BEFORE MR. D,,MMISsIONER STEVENSON.)
In re GEORGE EDNARD.—The bankrupt came up on
his la..t examination and ry,s3ed, and the 23rd July was
fixed for the certificate meeting,
ha re ED-VARD ELgAM.—The bankrupt'e last examine-
Con was a,ljournecl to the 16th July, to am: id the
balance she Et.

MA.NCHES fER BANKRUPTCY COURT.-JuNB 24.

In re JOSEPH WRlGHT.—Wednesday was appointed for
the certificate meeting, and Mr. Cobhett appeared with the
bankrupt at eleven o'clock, and applied to the court for a
certificate. Mr. Ovens, barrister, instructed by Mr.
Atkinson, appeared for the assignees, and opposed the
application in a long address. He commenced by calling
the attention of the court to the penal clause of the bank-
ruptcy laws, and quoted the ca.se of a person named Holt-
bouse, reported in the 21st Law Journal, page 3, which
shows that a Commissioner has the power to refuse a cer-
tificate altogether, even though the case does not come
under the penal clause. He should, however, apply for a
judgment under the penal. Mr. Ovens then proceeded to
trace the conduct of the bankrupt from the time that he
took the business at Heaton Norris until his bankruptcy.
Ire commenced the business at a time when he was
insolvent, entered into a loose agreement, plunged
wildly into the concern, and pursued a course of reckless
dealings, and he found at the time of his bankruptcy, that
his debts reached £BO,OOO, while his assets were under
£3.000. The bankrupt had actually paid £B,OOO for
interest and discount for the Heaton Norris concern alone.
Mr. Ovens then proceeded to comment upon the bank-
rupt's cotton transactions with John Nunns, of Liverpool,
the nature of which have been made public in our reports
of his examinations. To dignify these transactions by
calling them speculations was giving them too gold a
name ; it was a systematic buying of cotton, or an
assumed buying of cotton, for the purpose of raising
money. Books had been kept at Stockport, and not at
Caton, yet the record of the transactions with Nunns had
been destroyed. The learned counsel then gave a resume
of the evidence given by Nouns, and asked what object he
could have in coming into the court and making a state-
ment which he knew would throw discredit upon himself.
The feeling would naturally be to keep the particulars
from the public, and, comparing the actions of the two,
they must come to the conclusion that Nunns had given
the truer version of the matter. Mr. Ovens commented
strongly upon the conduct of the bankrupt, with refer-
ence to the fictitious invoices sent by Nunns to Samuel
Lees and Co., and dwelt upon the circumstances,
.which he considered strengthened the case against the
bankrupt, and corrobers,t.el the testimony of Nunns, such
as the refusal of the bankrupt's counsel to cross•examine
Nouns, and the corroboration supplied by the bankrupt's
letters to Nunns. He considered the case exhibited as gross
and reckless trading as had ever been brought into a court
ofjnstiee. Mr. Cobbett said his client had hitherto borne
an irreproachable character, and had brought up 15 young
children in a respectable manner' and he now came for the
je gment of the court as to whether he should be enabled
to redeem his position, and do his duty to his children, or
whether he should be for ever cut ofl from the opportunity.
He did not mean to justify bankrupt's conduct throughout.
and he must expect some judgment pronounced against
him for things he had done, but he had a perfect conviction
that there never was a falser and more unfounded or
corrupt charge than Messrs. Lees and Co. had had the
hardihood to bring against him. He argued that this had
been done to shield Lees and Co., who had been lending
money at 10 or 12 per cent. interest, and had for their
convenience called it cotton instead of money. That was
the real secret of the whole matter ; they had chosen to call
the large sums they had cleared by the transactions profits
instead of interest, in order that they might stand
well with the public. He did not find fault with them for
the way in which they chose to transact their business,
hut he did fin I fault with them for charging the
bankrupt with obtaining money under false pretences, in
order to crush him and make themselves stand better with
their fellow townsmen. Mr. Cobbett proceeded to state
that lie did not cross-examine Nunns, because he was
satisfied the Commissioner would not believe a word of his
evidence. With regard to the fictitious invoices, he said
there was no evidence to prove that the cotton was not in
existence, There was no evidence to show that the bank-
rupt knew the invoices were fictitious, and Nunns might
have sent them to serve himself. It was said that the
bankrupt had been reckless, but it was in evidence that
ho had not lost money by the cotton transactions, taken
as a whole; and recklessness must be attested by the
Success or non-success of the transactions. He would
say, in conclusion, saving only that the bankrupt went
on when he ought to have stopped, that he did not keep
a Caton account when he should have done, that he
tens:ed Nunns when he should not have done,—saving
these things, he thought the bankrupt stood before them
without anything to impeach his title to a certificate of
some sort. His Honour stated, that on Monday next he
should give his judgment.

has, during the last few days, been withdrawn
from the bank, in consequence of a renewed de-
mand for Lombardy ; and this circumstance
renders some persons inclined to believe that the
Bank of France will not reduce its rate of discount
to-d iy

Th 3 rate of discount at Hamburgh is quoted a
64 to 7 per cent.

A further sum of 120,0001 in gold was sent into
the Bank yesterday, out of the remittance by the
Arabia, making a total of about 200,000/ purchased
by that establishment during the last two days.
The whole of the geld by the Arabia has now been
cleared off the market.

At the half-yearly meeting of the Canada Com-
pany, to day, the proposed dividend of 51. per share
was agreed to, after some discussion. The land
sold from Ist January to 29th May was 1,704 acres,
at 28s 10 1.; and that leased 28 900 acres, at
495. 11d. The receipts for 1857 were 55,8331. cur-
rency, being 10,838/. more than in 1856. Some
discussion took place as to their getting a correct
estimate of the remaining property, which it ap-
peared impossible to give, from the fluctuations,
going on the company's estates.