Northern Times.
Liverpool, Merseyside, England, 1857-08-10 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Saturday Evening.

The Cotton Market has been quiet but very
steady tc-lay. The sales were estimated at 6,000
bales, of which Speculators and Exporters took
nearly 2,000.
The Liverpool Share Market has manifested an
inactive feeling to day. The sales were limited,
and prices favoured buyers, particularly Great
Western Stock, which, owing to the smallness of the
dividend, has recedA fully 5 per cent. Among the
latest prices are—Caledonian 38i, 39 ; Chester and
Birkenhead, 67 ; East Lancashire, 95i. 96 ; Great
Western. 551, 56i; London and North Western,
102, 1)21; Midland Stock, 841,- 841 ; Dovers, 22i,
22 5-1.6.

The Money Market is still in an unsettled and
uncertain position. The effect of the news from
India has been to keep affairs in a state of much
confusion ; and at one moment it was supposed
that the Bank Directors might be inclined -to
advance the rate of discount. There seems some
reason now to believe that at all events such a
measure will not immediately take place; and the
verylfavourable nature of the acceun• s of the harvest,
together with the expected arrivals of.specie from
Australia and other places, has counteracted the
influence which, it was presumed, would be ad-
versely exercised. The diminished inquiry for
accommodation which has succeeded the payments
of the 4th, and the arrangement of the Consol
account, have induced a more favourable opinion,
although many are inclined to doubt a permanent
reduction in the value of money, while contin-
gencies connected with the Indian expedition, and
the additional supplies required to carry out the
Russian railway schema, are likely to prevent a
redundancy such as might occur in ordi-
nary periods after the beneficial influence
of abundant crops. Although rumours of
loans and other financial arrangements
to expedite the preparations of the Indian Govern-
ment to repress the mutiny have been circulated, it
is not thought that there will be any need of speedy
financial assistance, the resources here and in the
presidencies being sufficient to meet the current
outlay. Should, however, the present attempt to
subjugate the native troops prove unavailing, then
an appeal might be made for pecuniary aid, and
the suggestion has been offered that it would best
come in the shape of a Four per Cent Guaranteed
Anglo-Indian Loan, so as to prevent a pressure
upon the Money Market of Calcutta and Bombay,
while the security proffered would
.be of a charac-
ter to secure its ready acceptance in this country.
and assist to maintain the power of the East India
Company in the East. The events of the last three
weeks in relation to Indian finance, and the bear-
ing that they may have upon our monetary
resources, have occupied almost exclusive atten-
tion; and there can be little question but that, for
the next few months, the whole of this topic will
engross the chief attention of our statesmen and
capitalists.
The business transacted in the Consol Market
to-day was but trifling, and owing to the Bank
returns being so unfavourable, a decline of per
cent was recorded at the official close of business.
There is no particular feature to. notice in con-
nection with the time operations, as the speculators
are now dealing with much reserve, owing to the
uncertainty felt with regard to the probable tenor
of the forthcoming a ivice.s from the East. An opi-
nion still prevails that Delhi has succumbed, which,
combined with the relieved state of the Money Mar-
ket, has prevented much depression in the Funds
During the last two or three days there have been
no withdrawals of gold from the Bank of England,
which has likewise assisted in promoting rather a
more cheerful feeling. A little anxiety has been
caused by the unfavourable change in the weather,
which in some districts hes checked harvest opera-
tions. Consols for transfer were 901-, 004, at which
they closed ; but at one period they were marked
90g. For the 9th proximo the prices were 901 904,
but after hours they receded to 908 90g. The New
Three per Cents. realised 908 91, and the Reduced
90a 90i Bank .Stock was fiat at 216. Exchequer
Bills remained at 4 dis. to par., and the Bonds
were 98i- 98',4 084.
Another failure, resulting from the Consol
settlement, was declared in London •
or tue iregulazities committed by the
party in question at his banker's, the event has
occasioned more than usual exeiternent. After
receiving his " differences," the party alluded to
appears to have arranged his outstanding engage-
ments by checks on 'the Commercial Bank of
London, where he had an account open. These
were paid, but his assets were insufficient, and
when inquiries were made it was found that he
had left' for the country. Although the amount
involved was not very heavy, viz , about 5,0001, his
bankers naturally endeavoured to recover the sums
they had over paid, and as this was the fourth
failure since the commencement of the liquidation,
it produced a good deal of conversation in City
circles.

The following list shows the fluctuations in
Consols during the past week :

Lowest Highest Closing
prices. prices. prices.
Monday Money ..... 904 90m 901
Account ...90 901 901
Tuesday Money .... 90k SOt 90t
Account ~..90f 901 90i
a
Wednesiay Money .... 898 90 901
Account ....90 901 904-
Thursday Money .... 90 904 90k
Account —.904 91 91
Friday , Money .... 90# 901 9U
Account —.904 91 91
Saturday Money .... 901 911 90
Account ....90/ 901 90a

The imports of specie during the week were
1,138,396/.' viz, :—By the Arabia from America,
1,400,977 dols, and 3001., or 280,500/ ; the Parena,
from the West Indies, 433,900/. ; the Sienne, from
Boulogne, 2 cases bullion ; the Spurn, from St.
Petersburgh, 2 cases soecie, 8 000/. ; the Panther,
from Boulogne, 60 boxes bullion, the Sultan, from
the Mediterranean, 3.987/. ; the Rhine, from
Boulogne, 87 cases bullion ; the Belgium, from
Ostend, 14 cases bullion ; the City of Washington,
from New York, 82,069 dols. or 16,5001. ; the
Lightning, from Melbourne, 32 866 ozs. gold, or
131.4611 ; the Swiftsure, from Melbourne, 85038
ozs. gold, or 382.152/.; the Rhine, from Boulogne,
52 cases bullion; the Seine, from Boulogne; -51
cases bullion. The exports of specie have been
1,012,9631., namely : By the Atrato, for the West
Indies, 20,443/. ; the Ripon, for the East Indies,
1,015,1701., of which 5,3811. was in gold, and the
remainder silver, divided as follows :—Gold to
Ceylon, 252/. ; Madras, 2,840/., and Singapore,
2,840/. Silver to Bombay, 434,112/. r Madras,
35,2041. ; Calcutta, 372,500/. ; Penang, 1,284 d.;
Singapore, 22,373/. ; Hong Kong, 64,6601., and
Shanghai, 79,8101.; the Enxine, for Lisbon, 58,113
sovereigns, and Cadiz, 3,036/.

To-day it was officially reported that the dividend
on the Great Western railway shares would only
be at the rate of one per cent. per annum. This,
.as might be supposed, caused a serious declension
in the price of those securities in the. London
Stock Exchange, which were previously depressed
by the rumour that the return to the shareholders
would be very small. At the commencement tif
business this morning the decline became rapid,
and the quotations ultimately receded to the extent
of from 4to 5 per cent. This unsatisfactory
movement, combined with the heaviness of the
Funds, produced a decline in tha value of at
other railway shares. The Caledonian 'dropped.4l
to 4, Lancashire and Yorkshire, Blackwi2ll, North
Western, South Western, Norfolk and Sough
Eastern, and Eastern Counties each to 1, while
the Brighton and Midland were about 11 lower.
In the colonial shares very few purchases were
effected, but Great Western of Canada, Great
Indian Peninsula, and Ceylon were tolerably steady.
East Indian, however, wore rather flatter. French
shares were exceedingly dull, the only bargains
officially recorded being in Eastern of France at 271,
in Great Luxembourg at 71. and in' Paris and Lyons
at 361 •

The following are the closing prices in this
market :—Ambargate, Nottingham, Boston; and

Eastern Junction 5:1, 51; Bristol and Exeter 89,
91 ; Caledonian 771, 78 ; Chrs'er and Holyhead
35k, 36L; Eastern Counties 14, 111; East Lanca-
shire 94,1 96 ; Edinburgh and Glasgow 62, 63 ;
Edinburgh, Perth, and Dundee 33i, 34k; Great
Northern 971, 981 ; Great Southern and Western
(Ireland) 102, 104 ; Great Western 551, 561 ; Lan-
caster and Carlisle 70, 74; Lancashire and York.
shire 98, 981; London, Brighton, and South Coast
104, 106 ex d ; London and North Western 1021„
1021 ; London and South Western 97, 98 ; Man-
chester, Sheffield, and Lincolnshire 40, 42 ex d;
Midland 831, 84 ; Ditto Birmingham and Derby
551, 561 ; Norfolk 63, 65 ; North British 46, 47 ;
North Eastern—Berwick 94, 95 ; North Stafford..
shire 41 44- d x d ; Oxford, Worcester, and Wolver-
hampton 32. 31; Scottish Central 104, 106 ; Ditto
Midland 69, 71; South Eastern 73, 74; South
Wales 90, 92.
We borrow the following from the Mining
Journal of to-day :
There was a good rise in the standard for copper cres
last week, and another expected this week, in consequence
of which we had more doing in copper mines than for
some time past, and several shares which have been greatly
depressed show symptoms of rallying. Tin mines are
still in the ascendant as regards price, and there is a good
demand for Shares. Lead mines are also looking up, and
shares in those paying dividends difficult to get. There is
au uneasy feeling abroad in regard to the money market,
but we do not apprehend that the mining market will be
mach affected, so long as metals continue to rise, or even
keep at the present standard. Two or three speculative
mines, in which a large business had previously been doing,
have been flat this week, and shares being more offered,
prices have receded.
Our Leeds advices inform us that during the
past week the attendance of buyers has been
rather limited, and the demand for home con-
sumption had rather fallen off, but for exportation
there was still a fair inquiry for all descriptions of
piece goods at about former rates. At Bradford
there had been a good inquiry for goods suitable
to the winter trade, and rather higher prices had
been realised. Business at Manchester had not
been quite so active, but prices for all descriptions
of heavy goods were firm. There was a very limited
inquiry for cloths suitable to the India markets,
and prices ruled heavy. The accounts from
Leicester mention that most of the mills were in
full work, and the demand for all descriptions of
winter goods was exeeedingly brisk.
The average price of brown or Muscovado Sugar,
the produce of the British possessions in America,
for the week ending August 4, is 41s 61 per cwt.
exclusive of duty. The average price of brown or
_ _

Muscovado Sugar, the pro itice of the Mauritius,
for the week ending as above, is 34s 4-Id. No
return has been made of the sale of brown or
Muscovado Sugar, the produce of the East Indies.
The average price of the two foregoing descriptions
of sugar, jointly, computed as above, and exclusive
of duty, is 41s 31d per cwt.
The 1 ondon Produce Markets are thus reported
in one of the weekly circulars issued in that city
to-day :

There is still heaviness inmost of the Colonial markets,
and for some kinds of produce lower prices are current.

The demand for Sugar continues on a small scale, and the
s Iles made show a decline. of ls to 23 per cwt. excepting
for fine grocery sorts. Coffee has a downward tendency.
The plantation kinds of Ceylon -are offering on lower
terms. The Dutch Trading Company have declared their
autumn sues to commence on the 31st inst., to consist of.
555,913 bags, agaiast 656,940 bags last year. A good
business has been rausacted in Rice, at a rise of 31 to 6 d
per cwt. _ In Saltpetre the sales made are at is to 25 ad-
vance. The Spice sales of the Dutch Trading Company are
declared tor the 16th proximo. The Tea Market during
the week has been quiet.

With reference to the Silk Market, Mr. Henry
W. Eaton reports as follows :
The Silk Market during July has continued dragging
and unsatisfactory, with, however, little marked alteration
in prices, every one for the moment preferring to supply
their immediate wants at present rates to buying largely,
even at a reduction.. The deliveries, it will be seen, are,
notwithstanding, very large. In Chinas there have been
a few sales of best Tsatlees from 26s 6d to 28s 6d, and an
improved inquiry for the lo west descriptions of Taysaatn
flora 17s to 17s 6J, which latter realty appear cheap as
compared with other things. The recent accounts from
China to the end of May report the seasons of 1856-57 as
nearly doted, and the total settlements to be 87,700 bales,
of which about 87,200 had been shipped. Of these 7,000
bales are still afloat. The 'appearances of the approaching
crop were must tavoUraOle, 00W as to quantiv and duality.
Prices had fallen during the last fortnight. In Bengal
silk the position is unaltered, and but very little doing.
In Italian silk scarcely a transaction has taken place; a
few bales of the new silk from most of the best filatures
have been received, but the prices asked entirely preclude
business. Brutias and Persians are without change, the
stocks of both being small.
Of the gold ex the Arago that reached London,
the whole has been taking for exportation to the
Continent, in payment for silver. Of the 342,0001.
in Australian gold ex the Swiftsure, which reached
London yesterday, a portion has been sold for the
Continent. Some amount will probably be sent
into the Bank on Monday. The remittance of specie
destined for Havre, and brought by the Arago,
amounted to 32,2001., being considerably less than
the amount before stated. The arrival is announced
to-day of the Queen Victoria, from Melbourne;
the St. Michael, from Adelaide ; and the
Aurora Australis, from Hobart Town ; but
neither of these vessels is known to have
any gold on freight, and the dates are old. The
bar silver brought by the steamer Parana, from the
West Indies and Mexico, was sold yesterday for
the East at 5s 2d per oz. standard. The price is
higher than that realised for the supply by the
previous packet, but in the interim fully 5s 2d
has Bien paid. The dollars by the Parana remain
on sale.

The following steamers and clipper ships have
been taken up to proceed to India with troops, &c.
The screw steamer City of Manchester, belonging
to the Liverpool and Philadelphia line ; the screw
steamer Khersonese, belonging to the Halifax and
Portland line; and the steam-ship Bombay Castle;
the clipper ship Lightning, one of the 13,104 Ball,
line of Australian packets ; the Waterloo, Soagmor,
and Southampton.
The London Wool sales which commenced on
the 16th ultimo still continue, and are to terminate
on the 26th instant. The quantity to be disposed
of comprises 95,000 bales, 16,000 Sydney, 27,000
Victoria, 7,000 Tasmania,.•lo,ooo Adelaide, 5,000
New Zealand, 1,500 Swan River, and 6,000 East

India. The estimated value of the lot being-about
3,0b0,000/. The demand is good, foreigners supply-
ng themselves freely, and the prices realised so
far are 11. to 21. above the currency of the iNlay
sales.

We have advices from B.rdeaux to the 5.h
instant* hich inform us that the large carpet,
tapestry, and wool spinners works in that
city continue very active, though the weather kept
exceedingly h)t, and all the people that can go out
have deserted the city for the sea side, same as

New Orleans. At tile fever season our people
get off to the Pyrenees as much as possible. I
enjoy the heat, and keep working at the desk, &c.,
to the surprise of the natives, Ivho are most of
English extraction, and the immense paper mills
here, burnt down a few years back, belong to an
English company—a very old and respectable
establishment, and goes by -the name of the
" English Mills"—from an ancient date. We have
two ships, of 400 tons each, loading for Melbourne
and Sydney-7-one called the Bordeaux, the other
the Bernare; advertised to sail on the 20th inst.,
the other the 31st August. They may be detained
a few days longer, if ordered for the English account
charter.

Letters from Trieste, dated August Ist., state—

The last truck of railway placing that p)rt in direct
commaaication with Vienna, has been within the last few

days Virown open to the public for the conveyance of pas-
sengers. Trains fur goods are expected to run regularly
towards the end of this month, when there may confidently
be anticipated a pretty genaral revival in business, which
has recently been rather in a state of calm, owing, perhaps,
in a great measure, to the very fact of increased facilit f of
tr.niport being near at hand. This great desideratum, in
junction with the favourable position of this port for all
commercial purposes, hold out good prospEcfs fer the future,
likely to lead to the gradual development of an improved
era in the trade of this emporium. Sugars, raw and re-
fired : The decline established in the value of this sweet in
all the chief Northern markets, and waiting the result of