Northern Times.
Liverpool, Merseyside, England, 1857-07-09 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Wednesday Evening.
There was a better demand for Cotton today,
and prices of all descriptions were extreme. The
sales are estimated at 15,000 bales, of which
speculatcrs and exporters took 4,000. Messrs.
Littledale, in their circular issued to-clay, remark
that.—
Last year our stocks were increasing until the middle
of August, when we held 813,000 bales of all kinds, while
this year they reached the highest figures at the end of
May, and are now about 620,000 bales, decreasing every
week about 21,000 bales. Though short time has been
resorted to in some districts, the consumption of Cotton.
has little diminished, and the difference is more than made
up by increasing export, consequently the outgoings are
larger now than last year. There are afloat at the present
time about 30,000 bales of American Cotton against 150,000
bales. The'gro wing crop is generally reported about three
weeks backward, and though the weather and the
prospects had improved, it was not expected to be either
an early or a large crop.

The Liverpool Share Market keeps dull, but
prices to-day were pretty well supported. The
following were the day's transactions :—East Lan-
eashire, 97 ; do. 91. shares, 4 p; Lancashire and
Yorkshire, 101 ; London and North Western,
1034, g, ; Manchester, Sheffield, and Lincolnshire,
444, ; -North Eastern and Berwick, 234; Dovers,
224; Warrington and Stockport, 6 ; Dutch
Rhenish, 38d ; Grand Trunk of Canada, 144; Bank
of Liverpool,• 244; North and South Wales, 74 ;
Royal Bank, 405. The following were the closing
prices :—Blaekburn, 74, 8 ; Chester and Birken-
head, 704, 71 ; Caledonian, 374, 374; Chester and
Holyhead, 184, 181; Eastern Counties, 114, 114 ;
East. Lancashire, 97, 974 ; Do, £9 shares, 4 13.16 p;
Great Northern, 244, 244; Great Western, 65
651; -Lancashire and Yorkshire Stock, 101, 1018;
Do. £9 shares, 1, 1 1-16 p ; Liverpool, Crosby,
and Southport, 14. 194 ; London and North
Western 5t0ck,.1034, 1034 ; Manchester, Sheffield.
and Lincolnshire, 444, 444 ; Midland Stock, 834-
834 ; North British, 104, It ; North Staffordshire,
44, 44 ; North Eastern—Berwiek, 2b4- 234; York
and • •North Midland, 354, 36.;.. Leeds Capital
Stock, - 224 23 ; South Eastern • and Dover, 22
5;•16, 224 ; Scottish North
,EaStern, 124, 124 ;
Buffalo and Lake Huron, 4 •au d ; Ditto New
Shares, 4, 32 d ; Dutch Rhenish, 34, 34 d ; Great
Western of Canada, 214 214 ; Ditto New Shares,
4, 4 p ; Great Luxembourg, 11 9-16, 11 7-16 d ;
Grand Trunk of Catiai.da, 144, 14 5-16.
The Market for the public funds and securities
was very firin to-day. Yet the transactions were
on a limited scale. Consols for Money closed at.
924 to 023, and for the account at 924 to 924 ; and
after official hours the latter figures were current
for both Money and account. Exchequer Bills
closed at 3 dis. to 2 pm., and New Three Per Cents,
at 924 to 924.

In the London Railway Share Market there has
been a moderate business to-day, at about steady
prices. Thefollowing were the closing quotations
Atnbergate, Nottingham, and East Junction, 5i
; Caledonian, 75k, 751; Edinburgh and Glas,
gow, 62, 64 ; Eastern Counties, llt, 11 ; East
Lancashire. 971, 9S ; Great Northern, 991;
Ditto A, 90, 91 ; Great Western, 641 65 ; Lan-
eahire and Yorkshire, 1001, 101 ; Leeds Northern,
45k, 451; London and North Western, 1031 1031 ;
London and South Western,loll,lo2 ; Manchester,
Sheffield, and Lincolnshire, 44. 45; Midland Stock,
834, 831; North British, 43t, 441; South Eastern
and Dover, 741„ 75 ; York, Newcastle, and
Berwick, 92, 93 ; York and North Midland, 711.
72. The- transactions after official hours were at
the following quotations :—Caledonian 751, 751;
Eastern Counties 111 118;• East Lancashire 971,
981 ; Great Northern 99k; Ditto A9O ; Great
Western 645, 64-2. ; London and North Western
1035-, 1031 ; London and South Western looff, 101;
Manchester, Sheffield, and Lincolnshire 44 45 ;
Midland Stock 83a, 835; North Bitish 431, 421 ;
South Eastern and Dover 741, 75 ; York, New-
castle, and Berwick 92, 93 ; York and North
Midland 711, 72.
The first half of the year has, says Messrs. Littledale's
East India Circular, exhibited great steadiness in busi-
ness, and a high range of prices. M oney has maintained
a higher rate than previously known in peace, and in the
face brit nearly all our leading products have been
high, and what is even still more romarkable, our
Exports have exceeded those of any previous year, being
for the five months 50,195,5411., against 43,307,329. for
the same period_ last year. These striking features, so
at variance with any former precedent—when Money has
been held to rule everything else, and when it was dear,
produce must be cheap, and Exports fall off—has led to
the very generally received opinion that the day of low
prices is passed, that the influence of the gold discoveries
has caused this striking change,—doubtless it has done so
to some extent, but, the lavish expenditure of two hundred
millions sterling in the two years of war, has done much
more, and we do not by any means anticipate that the
present range of prices will be continuous, nor do we see
any just grounds for supposing that Money is not to fall
below 5 per cent., or that Produce may not again decline
to the ordinary average of prices after a year or two of
godd supplies, though we trust never to the point of
depression which we have before witnessed—ruinous alike
to the producer and importer. The position of most
articles remains strong, and the deliveries for consump-
tion satisfactory.

The General Produce Markets remain quiet at
the advance recently established in the leading
articles. All kinds of Congou Tea may be quoted
241 per lb. higher than on this day month. Silk is
advancing in price. Sugar is steady, at firm
rates.

The various Corn Markets throughout the conn tr
are hardly so firm, and.to effect sales, prices of bot
Wheat and Flour would have to be reduced.

The advises from Oporto regarding the prospects
of the vintage continue attOgether bad.
The traffic of the Great Western Railway Corn-
po.ny of Canada continue to be closely watched.
The return received to-day presents a further
diminution of about 1,5001 compared with the cor-
responding week of last year.
Rumours have been circulated of late that the'
Peruvian Government intends to double the sink
log fund of the foreign debt. Well-informed
parties altogether discredit the report.
At the annual meeting of the Dutch Rhenish
Railway Company, held at Amsterdam on the 30th
ult., it was resolved to adjourn the meeting until
the 20th inst., when the annual balance-sheet to
the 30th April will be submitted The accounts
will lie for inspection in Amsterdam and London
for one week, commencing with Thursday next.
The Master in Chancery charged with the winding
up of the General Live Stock Insurance Company,
proposes, on the 11th inst., to appoint an official
manager.

The European and American Steam Sbipping
Company invite applications for 7 per cent deben-
ture bonds.

Notice is given to holders of shares in the
General Bank of Switzerland, who have not paid
the call made on the 2nd of April, that their shares
will be publicly sold after the 31st inst.
The position of the London Silk Market is thus
noticed in the Monthly Circular of Mr. H. W.
Eaton :

Since the public sales, the result of which was reported
to you on the -18th ultimo, the silk market has been com-
paratively quiet, home buyers having then supplied their
immediate wants, and shippers still buying sparingly. In
Chinas the few operations have been chiefly in good tsatlees
and the lower descriptions of laysaams, at the rates estab-
lished at the sales. The last acenunts from China report
the settlements to have reached 86,000 bales, and the
shiAnents 85,000 bales, 72,000 being for Great Britain,
and 13,000 for France and elsewhere ; of the former about
66,000 have already arrived. Prices, after some little
fluctuation, remained much the same as by the preceding
mail. In Bengal silk the sales have been, for the most
part, confined to a few runs of the best filature silk, from
31s to 33s 6d, but to no great extent. The last letters
from Calcutta quote prices still very high, and with few
exceptions as leaving a loss to shippers to this country.
In Italian silk there has been little nr nothing doing. A
few patent reel Brutias have been sold from 39s to 42s 6d,
and two or three parcels of Persians at 16s for fair, and
19s to 18s 6d for best marks. The stook of all qualities of
of Persian silk may be estimated at about 1,250 ballots,
and of Brutia 29 bales.
At the half yearly meeting of the Colonial Bank
tc-day, a dividend was made at the rate of 6 per
cent. per annum, leaving the balance of bad debts
reduced to °illy about 10,0001. The report wa
adopted,

SPORTING INTELLIGENCE.

LIVERPOOL JULY MEETING, 1857.

Sruw3.nos—Tbe Honourable Admiral Rona; His Grace the
Dl.ka of Baalfort, arid the Earl of Wilton.
CLERK OF THE COURSE—Mr. W.
STARTER—Mr. Hibbard.
JUDGE—Mr. J. F. Clark.
CLERK OF THE SCALES—Mr. Horsley.