Northern Times.
Liverpool, Merseyside, England, 1857-11-27 00:00:00

THE NORTHERN TIMES.-LIVERPOOL, FRIDAY, NOVEMBER 27, 1857

MONETARY AND COMMERCIAL.

LIVERPOOL, Thursday Evening.
There continues to be only a very moderate
business done in our Cotton Market, and prices
are now about Id. per lb. lower than on Friday. The,
sales to day are estimated at about 3,000 bales.
Though the Continuations were high. in the
Liverpool Share Market to-day, prices continued
to, rise during the, day, aided by a rumour of the
Bank of France having lOwered its rate of interest
1 per cent, The following were the transactions :
-Birkenhead, Lancashire, and Cheshire, 621
Caledohian, 374, 374, 37 11-16; Eastern Counties,
101 ; Lancashire and Yorkshire, 89, 891, 89;
London and North Western, 94, 031, 934, 934,
941; Manchester, Sheffield and Lincolnshire, 351,
35, 341; Midland, 814, 821; North Eastern, 23
Dovers, 184, 18 5-16; Grand Trunk of Canada,
8 11-16, 81 ; Great Western of Canada, 174; Man-
chester, Sheffield, and Lincolnshire, 31 per cent.,
634; Bank of Liverpool, 22 ; Liverpool and
London Fire and Life, Bp. The following
was the business for the next account. Caledonian,
37 11-16 ; London and North-Western, 944, 944;
Manchester, Sheffield, and Lincolnshire, 351; Mid-
land Stock, 821, 824, 824 ; Dovers, 184; Grand
Trunk of Canada, 9. The closing prices were :-
Blackburn 84, 84 ; Cheater and Birkenhead, 621.
621; Caledonian, 374, 374; Chester and Holyhead,
144, 15 ; Eastern Counties, 104 104 ; East Lan-
cashire, 86, 87; Do. 91. Shares, par, 4 p;
Great Northern, 234, 231 ; Do. A, 94,
10 ; Great Western, 48, 481 ; Lancashire
and Yorkshire Stock, 891, 891 ; Do. 9/ shares,
par 4 p ; Liverpool, Crosby, and Southport, 181,
184 ; London and North Western Stock, 94, 941
Manchester, Sheffield, and Lincolnshire, 354. 354;
Midland Stock, 82, 821; North British, 114, 114 ;
North Staffordshire, 44, 44 d ; North Eastern -
Berwick, 221 23; York and •North Midland,
394, 391 ; Leeds Capital Stock, 24, 241; South
Eastern 18 5-16, 18 7-10 ; Dutch Rhenish,
64, 54 d ; Great Western of Canada, 174. 18 ; Do.
new shares, 3 24 d ; Great Luxembourg, 51, 51 ;
Grand Trunk of Canada, 81, 9. The following
were the continuations paid :-Blackbure, is con ;
Caledonian, 3s, 3s 6d ; Eastern Counties, la 6d ;
Great Western, even 1-16 con ; Lancashire and
Yorkshire Stock, 7:16, 1, 9-16, 4-; London and.
North Western Steck, 1,4, 4,5, oge, 4; Man-
chester, Sheffield, and Lincoln,' 3s, 1,6 i, 4 ;
Midland Stock, 1, 9-16, 4, 9.16, 1, 9-16; North
Eastern-Berwick, 1,2 s 31, ; Southg Eastern,
4,3 s ; Dutch Rheniah, 9d, 10d, 6d ; Great Western,
of Canada, is 6d, 1-16 ; Do. new shares, Od ;
Great Luxembourg, Bd, 7d, 8d ; Grand Trunk of
Canada, 1-16, is 6d, 1-16,
The Bank Directors had a protracted sitting to-
day, but no alteration has been made- in the rate of
discount. The Funds have experienced a fresh
rise of 4 per cent., in consequence of the extensive
investments by the public. The value of Money
in the Stock Exchange is only about four per cent.
on Government Securities up the 7th of December.
Consols for Money closed this afternoon at 901 to
904, and for the Account, 904 to 904. After official
hours, they were rather higher, v;z , 90 1116 to
90 13-16.
In the London Railway Share Market there was
not so much change to notice to-day. The business
done was steady, and, perhaps, rather better prices.
The following were the closing prices :-Caledoni-
ans, 741, 754 ; -Eastern Counties, 104, 1.04 ; East
Lancashire, 864, 871; Edinburgh and Glasgow, 57,
59 ; Great Northern, 904, 911 ; Ditto A, 78, 80 ;
Great Westerns, 484, 481; Great Western of Canada,
1171, 18 ; Grand Trunk of Canada, 351, 361 ; Great
Southern and Western ; 96, 98 ; Lancashire and
Yorkshire, 884, 89 ; London and North Western,
94, 944; London and South Western, 86, 87 ; Leeds
Northern, 471,
.481; Manchester, Sheffield, and
Lincolnshire, 341, 35 ; Midland Stock, 824,
North British, 461, 471 ; South Eastern and
Dover, 614 ;' York, Newcastle and Berwick
914, 92 ; York and North Midland, 78k, 79;
After official hours the following were the nominal
prices :-Caledonians 754, 751; Eastern Counties,
104, 104; East Lancashire, 864, 874; Great
Northern, 901, 914 ; Do. A., 80, 78, 80 ; Great
Western, 484, 49 ; Lancashire and Yorkshire, 894,
894; London "and North Western, 944, 944 ;
Manchester, Sheffield,' and Lincolnshire, 341,
35 ; Midland Stock, 821; North British, 46, 47 ;
South Eastern and Dover, 611.
Messrs. Dennistoun's meeting of creditors has
been held, and a highly favourable report of the
position of the house presented. We believe it
was determined that the firm should resume busi-
ness, paying a dividend in cash of seven shillings
in the pound upon all over-due liabilities, and the
balance of twenty shillings at fixed dates, with
interest. The balance-sheet shows a surplus of
450,0001 over and above all liabilities.
Great satisfaction is expressed at the result of
the meeting of creditors of Messrs. Naylor, Vickers,
and Co., which took place at Sheffield on Monday.
Twenty shillings in the pound, in addition to in-
terest, is to paid by instalments. The liabilities
prove considerably smaller than the first hasty
estimate led the public to believe, and, on the
average, do not fall due until Merck next. Con-
sequently, the payment 'of the first instalment is
deferred until next July.. After payment in full
there will remain an estimated surplus of 225.0001.,
independent of the private property of the
partners.

- We had yesterday to announce another serious
Banking difficulty. It has been known for some
time past that the Northumberland and Durham
District Banking Company were in embarrassment,
and two or three days ago the name of the institu-
tion was freely mentioned. Upon that occasion
the rumour was met by a contradiction, apparently
on authority. Yesterday morning, however, the
London agents refused to accept their . drafts ;
and, from the magnitude of the amount return-
ed, it is feared that the Bank will be com-
pelled to close their doors. Occurring at a time
when confidence was steadily reviving, this event is
very lamentable, the more especially as the engage-
ments of the institution are very large, and widely
ramified. Their transactions, too, are in great part
amongst a poor population, v;hich cannot fail to
suffer severely from any shock to local credit. It is
apprehended that difficulty may arise in the carry-
ing on of some of the collieries, and in one quarter
!.we hear a statement that the stoppage of the bank,
unless averted, will jeopardise a sum of about
30,0001 destined as weekly wages to colliers and
others. This bank was established on the Ist of
June, 1836, and has about 408 partners. The
paid-up capital is 652,5011., and the amount paid
up per share, 101. The reserved fund was last '
stated at 90,8741 The dividend last declared was
at the rate of 7 per cent. per annum. The head
office is at Newcastle-upon-Tyne, and there are
eight branches, viz , at Alnwick, Berwick,
Hexham, Morpeth, North Shields, Sunderland,
Durham, and South Shields. The Bank do not
issue their own notes, their circulation consisting of
those of the Dank of England. The other joint
stock banks of Newcastle having fallen into diffi
culty some time ago, the Northumberland and
Durham District Bank is the only joint-stock bank
now left in that town, and this circumstance is cal-
culated to increase the local distress, unless a
suspension can be averted.

It is stated that the bullion in the Bank of
France has increased to close upon eight millions.
This is in consequence of the recent advance iu
the Bank's rate Of discount. A legitimate policy
being found successful, the Bank are enabled to
reduce their artificial purchases of bullion. Hence
the reduction in the premium offered for gold to
five per mille.

At LEWIS & OMPA NY'S , Ranelagh-street,
BOYS are CLOTHED from the Ages of Six Twenty Years.

A CENTENARIAN.—Died at Curluke, on the 17th inst.,
Mrs. Rodger, aged 100 years and six months. The day of
her birth is not fixed by written evidence, but she was
baptised at Carstairs on the 15th May, 1757, (old style, of
course), and, according to a story she used to relate, she
was only five days. old when taken to the church for
baptism. Though ultimately blind and feeble in body, her
mental faculties were retained to the end of her days.—
Glasgow Daily Mail.

At LEWIS & Co IIPANY'S, Ranelagh-street.
BUTS are CLOTHED from the Agee of Siz to Twenty Year