Northern Times.
Liverpool, Merseyside, England, 1857-12-16 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Tuesday Evening.

There continues a very slack demand for Cotton;
the market is almost deserted, and prices are, with
difficulty, maintained. At Manchester, to-day,
there was what we may call "no market"—to
induce business producers must submit to a consi-
de Table decline.

We are happy to have it in our power to announce
the assumption of business by the house of Messrs.
B. F. Babcock and Co , of this town, and the branch
establishment at Glasgow, Messrs. J. F. Jamieson
and Co. The following is a copy of the circular
just issued by these firms :
Liverpool, 15th December, 1857.
_ _ _

Referring to our circular of 11th ulto., it affords us much
gratification now to announce to you our resumption of
payment.
Our overdue acceptances will be paid on presentation at
our bankers, with interest.

We beg to thank our creditors for their forbearance in
not pressing their claims upon us, and to express our regret
at the inconvenience our suspension has occasioned them.
B. F. BAecocK and Co , Liverpool.
J. F. JAMIESON and Co., Glasgow.

The Liverpool Share Market has been very inac-
tive all day, and a fall of to 1 per cent. may be
noticed in some of the heavy stocks, The follow-
ing were the transactions :-East Lancashire, 89/ ;
London and North Western, 95, 941, 942 c, 942,
941, 934 e, 944, 941 ; Ditto shares, 11 cd ; Man-
chester, Sheffield, and Lincolnshire, 361; Midland,
sat 86ft, 861 ; Dovers, 19 7-16, 194; Great Luxem-
bourg, 61 ; Grand Trunk of Canada, 9 9 16. The
following were the closing prices : -Blackburn,
94, 91 ; Cheater and Birkenhead, 651, 654 ; Cale-
donian, 39, 391; Chester and Holyhead, 16, 161;
Eastern Counties, 111, 114; East Lancashire, 89,
891; Do. 9/. Shares, id, par; Great Northern, 234,
xd 24 ; Do., A., 9a. 9i; Great Western, 504, 51;
Lancashire and Yorkshire Stock, 917„ 914 ; Do.
a shares, par IF p ; Liverpool, Crosby, and South-
port, 171, 18 ; London and North Western Stock,
944, 94i; Manchester, Sheffield, and Lincolnshire,
361, 364; Midland Stock, 861, 864; North British,
12, 121; North Staffordshire, 41, 44 d ; North
Eastern-Berwick, 234, 234 ; York and North
Midland, 404, 408 ; Leeds Capital Stock, 251, 251 ;
South Eastern, and Dover, 194, 19 7-16 ; -Dutch
Rhenish, 54, 51d; Great Western of Canada,
181 184 ; Do. new shares, 24 24 d ; Great Luxem-
bourg, 64, 64; Grand Trunk of Canada, 9, 94
The Market for the Public Funds and Securities
was very dull to-day, and they opened at a further
reduction of 17- per cent. At two o'clock, Consols
were quoted at 914 to 914, ex div, having scarcely
varied throughout the day. At the closing hour,
four o'clock, they were at the same figure-914 to
914. The New Three per Cents , 911 to 914 ;.Bank
Stock, 2171 to 2184; Exchequer Bills, 4s dis to
par ; Exchequer Bonds, 1858; 981; ditto, 1859,
971 to 981. Turkish Six per Cents. remain quoted
924 to 931. o‘her foreign stocks are fairly sup-
ported. Sales are recorded as follows :-Brazilian
Old Five per Cents., 96,4; Mexican Bonds, 184 ;
Peruvian Four-and-a-Half per Cents., 75 ; Per
tuguese Three per Cents , 1853, 44-and 434 ; Russian
Five per Cents , 104; ditto Four-and-a-Half per
Cents., 961 to 97 ; Sardinian Five per Cents., 84L-4,
ex div ; Spanish Deferred Three per Cents., 251 ;
Turkish Six per Cents., 924; ditto, Guaranteed
Four per Cents., 991.
At the Bank of England the demand for Money
continues steady, bat not pressing. It is a satis-
factory feature that, whilst the large repayments at
that establishment are adding ;,rapidly to its " re-
serve," the supply of money in the open market
continues good. First class bills are readily dis•
counted below the Rank rate. Notwithstanding,
however, this favourable feature, and the influx of
gold, the Bank are not expected to lower their
terms this week. In the Stock Exchange yester-
day loans were obtainable on English government
securities at 5 to 6 per cent. from day to day, and
at 6 to 7 per cent. for longer periods.
In the London Railway Share Market to-day
there was not much business done, but prices were
generally well supported. The following were the
closing prices :-Caledonians, 784, 784 ; East
Lancashire, 89, 99 ; Great Northern, 931, 94;
Do. A, 78, 80 ; Great Westerns, 504, 51 ; Great
Western of Canada, 184, 184 ; Grand Trunk of
Canada, 94, 94; Great Southern and Western, 97,
99 ; Lancashire and Yorkshire, 914, 914 ; London
and North Western, 944, 944; London and South
Western, 881, 89 ; Leeds Northern, 502, 51k;
Manchester, Sheffield, and Lincolnshire, 361, 361;
Midland Stock, 8.64, 864 ; North British, 481 ;
South Eastern and Dover, 644, 6,5; York, New-
castle, and Berwick, 93, 94 ; York and North
Midland, .I 81, 82.
There was rather more firmness in the Breadstuff
trade today. At the various markets held through-
out the country, with one or two exceptions, the
supply was moderate, and a fair demand caused a
slight advance in the price of Wheat and Flour.
The Produce markets remain quiet, without any
material alteration either in the price of or demand
for any article.
The following are the latest quotations of Foreign
Exchanges :-Amsterdam short, 11 171, to 11 18;
Ditto three months, 12 2, to 12 21; Rotterdam
ditto, 12 2, to 12 24 ; Antwerp ditto, 25 70, to
25 90 ; Brussels dial, 25 70, to 25 90 ; Hamburgh
ditto, 13 to 13 131; Paris short, 25 25, to 25 50;
Ditto three months, 25 80, to 26 5 ; Marseilles ditto,
25 85, to 26 5 ; Frankfort ditto, 1211 to 122 ; Vienna
ditto, 11 10, to 11 14; Trieste ditto, 11 12, to 11 16;
Petersburg ditto, 322, to 334 ; Madrid ditto, 47
to 474.
We have already reported the failure of Mr. A.
Tooth, of London. It was said that Messrs. R. E.
and F Tooth, of Sydney, participated, but Mr.
Edwin Tooth, a partner in the latter firm, in a
letter to our metropolitan cotemporary contradicts
this. He says :-`` Mr. Alfred Tooth acted as the
agent of Messrs. R. E. and F. Tooth until the .Ist
of October last, when the agency ceased."
Much regret is expressed at the stoppage of
Messrs. Rew, Prescott, and CO., of London, an old
and very respectable house in the Swedish trade.
It is thought that the liabilities will reach 250,0001.
or 300,0001. Mr. Prescott, who was a director, and
at one time Governor of the Bank of England,
,died, if we recollect aright, last year, and the
bulk, if not tho whole, of his considerable for-
tune is understood to have been withdrawn from
the firm.

A meeting of the creditors of Messrs. Draper,
Pietroni, and Co., who stopped payment on the
1311 ult., is called for the 22nd inst.
A meeting of the creditors of Mr. G. H. T.
Hicks, merchant, in the Eastern trade, of Lombard-
street Chambers, London, who suspended pay-
ment on the 19th ult., was held yesterday, when it
was resolved to wind up the estate under inspec-
tion.

The steamer Parana is expected to arrive at
Southampton to-morrow, from the West Indies.
It is believed that the shipments of Silver to the
East by the Pera on the 20th instant will be below
those by the last packet (whieh took 409,0851)
Probably the East India Company witlldespateh
200,0001 or 250,0001., if that quantity of silver can
be provided, but the demand for the metal for
shipment to Hamburgh has almost cleared the
market for the present.
The annual meeting of proprietors of the London
and Westminster Bank, is called for the 20th Jan.,
and the half-yearly meeting of the Colonial Bank
proprietors for the 6th Jan. In each case the re-
tiring directors offer themselves for re-election.

The scrip certificates for shares in the Cape
Town Railway and Dock Company are to be ready
for delivery on the 17th inst.
During the month of November the receipts of
specie at New Yov,,k, Boston, and New Orleans,
were 10,745,417 dols•, and the shipments only
3,329,910 dols. The increase in the Banks' vaults
was at the rate of about a million dollars a-week,
and on the 28th ult. the total stock retained in
these establishments was 24,303,145 dols., or not
far short of 5,000,0001. At the same time the loans
and discounts were reduced to 94,903,130 dols.;
whereas in August last they exceeded 122,000,000
dols. As the Exchange on England was firmer, it
is expected that we shall now receive regular
supplies of Specie.
Our advices-from Birmingham mention several
fresh failures in that district, including Messrs.
Thomas Hook, Pemberton, F.,`,Rd (Jo., witb, lit bilit%es