Northern Times.
Liverpool, Merseyside, England, 1857-09-01 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Monday Evening,
There continues to be an active demand for
Cotton, and the sales today reached fully laooo
bales, of which 2:000 were on speculation and for
export at very full prices.
The Liverpool Share Market opened witt a
decidedly better feeling to-day, on the strength of
the more favourable opinions getierally enter-
tained of the late Indian news. The following
were the day's transactions :—Birkenhead, Lan-
cashire, and Cheshire, 65i ; Caledonian, 408. 1, it,
1 ; Eastern Counties, 111 ; Edinburgh and
Glasgow, 311; Lancashire and Yorkshire, 991,
1 ; Ditto £9 Shares, 11- 10 p ; Lan-
caster and Carlisle, 76; London and North
Western, 1601; Manchester, Sheffield, and Lin.
colnshire, -381, 391 391 ; Midland, 81-a ; North
British, 11i ; North Eastern, 231 ; Grand Trunk of
Canada, 121, 13-10; Liverpool Exchange Build-
ing, 290 ; Pacific Steam Company, new shares,
72d. After the above business the market

closed quietly at the following prices:—
Blackburn, 7,- 7 ; Chester and Birkenhead,
651, 651 ; Caledonian, 401 40; Chester
and Holyhead, 171, 171; Eastern Coun-
ties, 111 xd 11-1 ; East Lancashire, 96,
961 ; Do. 9/. shares, t, 9-16 p ; Great Northern,
24; Great Western. 531, xd 541 ; Lancashire
and Yorkshire Stock, 99k, 998 ; Do. 9/ shares,
11-16, 1p; Liverpool, Crosby, and Southport,
19 191 ; London and- North Western Stock,

100, xd 1.003 ; Manchester, Sheffield, and Lincoln-
shire, 39, 391; Midland Stock, 811, xd 811 ;
North British, 11,7,-, xn 12 ; North Staf-
fordshire, 48, 4 d ; North Eastern—Berwick, 233, xd
231; York and North Midland, 39k, 398 ; Leeds
Capital Stock, 21, 241; South Eastern and Dover,•
211, 21 5-16; Scottish North Eastern, 12'3, 123 ;
Buffalo and Lake Huron, 41-, 41 d ; Ditto New
Shares, 4, 3 d ; Dutch Rhenish, 4, 3 d ; Great
Western of Canada, 214, 211; Do. New Shares, 1
p; Great Luxembourg, 7, 71; Grand Trunk
of Canada, 12 13-16, 12 -I.
The Funds were sensibly firmer tc-day, and
Consols advanced about per cent. The-following
were the closing prices Consols for Money, 903
to 901, and for the Account 901 to 903 ; Exchequer
Bills 2 to 4 dis., and the New Three per Cents
911 to 91i.

The London Railway Share Market was very
steady to-day, and the following were the clos-
ing quotations :—Caledonian, 801, 801; Eastern
Counties, 111, I.IZ ; East- Lancashire, 953, 963;
Great Northern, 96, 97 ; Ditto A, 86, 88 ; Great
Western, 541 ; Lancashire and Yorkshire,
99.1. 993 ; Leeds Northern, 48 49 ; London and
North Western, 991, 10017 ; London and South
Western, 923, 93 ; Manchester, Sheffield, and
Lincolnshire, 393 ; Midland Stock, 813, 82 ;
North British, 471. 481 ; South Eastern and Dover,
891, 891; York, Newcastle, and Berwick, 93, 94 ;
York and North Midland, 78, 79 ; Grand Trunk of
Canada, 12 13-16, 12 15-16; Great Western of
Canada, 21 218 ; Do. New Shares,
The London Corn Market today was well
attended by country and town millers and dealers,
and a good business was done in wheat at about
3s decline on new English, and is to 2s on foreign.
New English barley was ls. to 2s cheaper, but
foreign was fully as dear as on last market day.
Oats, in consequence of large Russian arrivals,
were 61 cheaper. Flour was also is to 2s lower.
The Hal!'-yearly Meeting of the Great Northern
Railway has been postponed to October, a meeting
on Saturday having decided on this course. The
directors of the Blackburn Railway Company state,
in their report—

That the receipts on the lire amounted, for the year
ending June, 1852, to 41,4431; ending June, 1853, to
4.54201; ending June, 18.54, to 46,0641; ending Jule,
1835, to 42,8611; ending June, 1836, to 46,7021; and
ending June, 1857, to 52,038/. The toll paid to the East
Lancashire Railway Company, for passing over about two-
thirds of a mile of their line at Thackburn, amounted for
the year to 8181, 1.0251, 1,0891, 1,0651, 1,107/, and
1,2851, respectively. The traffic receipts for the half-
year ending the 30th of June last, amounted to
26,3081, and for the corresponding pericd of 1856,
to 23 741/, showing an insrease of 2,5671. The
directors are desirous of impressing upon the shareholders
the fact that the increase in the receipts during the past
haj year and the preceding one arises principally from
traffic now in part restored to the Blackburn line, which
had been previously diverted from it since 1852. This
important diversion of the traffic was consequent on
an agreement entered into in that year between the
L neashire and Yorkshire and East Lancashire Railway
Companies, totally at variance with the agreement
between the Blackburn and the Lancashire and Yorkshire
Company, and preju licial in every respect to their interests.
The agreement with the Lancashire and Yorkshire Com-
pany of April, 1850, especially provides that no arrange-
ment shall be entered into by the Lancashire and Yorkshire
Company with any other company without the consent of
the Blackburn being previously obtained, and it also
contains a general stipulation that the Blackburn line shall
be worked by the Lancashire and Yorkshire Company as
an integral portion of the Lancashire and Yorkshire system,
and yet both these vital stipulations have been set aside
by the various agreements entered into from time to tine
by the Lancashire and Yorkshire with the East Lancashire
and other companies. The amount paid to the East Lan-
ca-hire Railway Company as toll has incrersed from 8181
in June, 1852, to 1,285/ in June, 1857. The local traffic
to and from the Ciitheroe line, which is unaffected by the
traffic agreements above referred to, has increased in the
same proportion ; the gross receipts having remained almost
stationary up to 1856, it is evident that thole arising
from through t-effic, winch is altogether controlled by the
Lancashire and Yorkshire Company, must have been
reduced at least to the extent that those from local traffics
have increased. If the receipts had been permitted to
increase from 1851 to the present frac in the same pro-
portion as those of either the Lancashire and Yorkshire
or the East Lancashire C rmpanies, they would amount
this half-year to about 33,000/ instead of 26,303/. The
board has claimed at various times from the Lancashire
and Yorkshire Company a considerable amount over-
charged to the company for working expenses. If this
claim be allowed by the Lancashire and Yorkshire
Company, the working expenses of the past half-year
would be about 40 per cent. instead of 46.14 per cent.
The net revenue receipts for the half-year, under these
circumstances, would be 19,500/ instead of 14,1681. The
capital account shows that 1,039,056/ bad been received,
and 1,0)0,596/ expended, leaving a balance against the
company of 21,5401 The revenue account for the. half-
year ending June 30 showed that 26,3081 had been
received, and 12,1401, or 46.14 Fer cent. expmded, leaving
a balance of 14,168. To this sum is added 7,7181 from
last account, making 21,8861. From this is deducted
8,6221 interest on loans, 2,3161 interest on land and other
unpaid claims, 4451 fixed rent charges, and 2,927 Parlia-
mentary expenses for proposed extension, leaving a balance
of 7,5741. The liabilities of the company, including the
above 21,510/ balance against the company, amount to
75,901/.

An interesting paper has just been published on
the different results of railway industry in France,
England, and Germany, from which it appears that
the length of the French railways was, in 1856,
5,376 kilometres Via of a mile each), having cost
2,141 669 fr., or an average of 398,376 fr. per
kilometre (15,9351). The receipts amounted to
284,185,879 fr., and the expenses to 125,834,199 fr.
The expenses consequently represented 44 per
cent. of the rect ipts, and the net proceeds nearly
7 per cent. on the capital. The length of the
English railways in 1.86 was 13,369 kilometres,
having cost 7,230 289,425 fr., or 540,825 fr. per
kilometre (21,6331). Ihe receipts amounted to
625,615 800 fr., and the expenses to 281,568,250 fr.
The proportion of the expenses to the receipts
was 45 per cent., and the revenue abcut
43 per cent. on the capital. The German
railways, in 1855, had a total length of
9,092 idiom., having cost 2,214 792 200 fr , or
243,597 fr. per kilometre (9.7440 The receipts
amounted to 256,025,000 fr, and the expenses to
122,118,700 fr. The proportion of the expenses
to the receipts was 52 per cent , and the revenue
represented more than 5 per cent. It is thus
seen that England has the greatest length of rail-
ways open ; next comes Germany; and lastly,
France. The total cost of the three exceeds 111
milliards of francs. The average cost per kilometre,
taking the three countries together, is 416,478 f.
Germany has constructed her railways at the
cheapest rate and England at the dearest. As to
the financial result of the working, France stands
foremost.

To day, several Railway meetings were held. At
,he West Kent the report was unanimously agreed
A resolution waa agreed to, authorising the
,ssue of debentures, not exceeding 23,0001, to carry

Arrival for tha week ending Bth September last year, 2,958 casks, and
delive, y 1,798 casks. The arr;val last week, compri.ed 368 cases
from Russia, casks from Australia, c aske from South America,
and 10 casks from other plsc .s. Total 378 casks.

LONDON PRODUCE MARKET.-AUG• 31.

The followinf, public sales are advertised for to-morrow:
Sugar : 500 hhds. West India. 2,500 bags Mauritius and
2,400 bags Bengal. Coffee: 100 casks. Saltpetre, 15,000
bags. Rice: 6uo bags. Cochineal: 450 bags.
The amount .of general business done has been small,
but the arrival of letters from East India. and China, on
Saturday, arrested attention.
In Sugar and Coffee no sales reported.
TEA became very firm, and several purchases of common
congou have been made at ls. 24d. usual prompt. The
statistical account of this article received by the mail is
important. From the official account made up to June 30,
1857, it appears that the shipments for the season to all
parts show a falling off for the season 1856 and 18.7, has
been in round numbers 46,(00,0001bs—viz , to the United
Kingdom, 29,200,000 lbs. ; America, 14,720,000 lbs. ; to
other parts, about 2,500,000 lbs., and the prospects for the
next season are anything but favourable. Tea reported
scarce and very dear in China, so that we must expect

LONDON CATTLE MARKET.-AuG. 31.

We have an unusually large number of beasts, but the
average quality is very inferior ; the choicer kinds, there-
fore, are not much lower. There are a few more steep
and lambs, but the demand is fully adequate, and prices
are not lower. Calves are selling about the same as on
Friday. From Germany and Holland there are 1934
beasts, 6020 sheep, 213 calves, and 45 pigs. Northern and
Midland Counties, 3000 beasts and 400 from Ireland.

Per stone of Blbs. s. d. e, d. Per stone of Sibs. s. d. s. d.
Best Scots, Herefords 4 8 5 0 Best Dns & Hf-bred 0 0 0 0
Best Short-borns 4 6 4 8 Best Long-w 0015.... 4 10 5 0
Second quality beasts 3 0 4 4 Do. do. Shorn .... 0 0 0 0
Calves 3 8 4 8 Ewes and 2nd quality 4 6 4 8

Pigs
Best Uns & Hf-breds 5 2 5 4 Lambs 5 0
- Beasts at market, 5,974 ; sheep and lambs, 27,280; calves,
pigs, 250.

LONDON MINING MARKET.-AUG. 31.

The market for home mining stocks is dull to-day.
Little business has been done in any description of stock,
and in the Stock Exchange no transactions whatever are
recorded. In foreign mines, Cobre shares have been dealt
in at 46; Linares at 71 ; and United Mexican at
Subjoined is the official list of the closing prices on Satur-
day. At the prices quoted there are, respectively, buyers
and sellers. Alfred Consols, 141; East Alfred, 311, ;
East Russell, 365., ; Great Alfred, 7, I; Holmbush,
11, 2 ; Lady Bertha, 12.. 6d., 13s. Gd. ; Sortridge Con-
so s, 1 11-16, 13-16 ; Wheal Edward, 7, + Wheal
Grenville, 21. ; Wheal Kitty (Lelant), 23, 24; Wheal
Margaret, 65, 64; Wheal Zion, 2-, I.