Northern Times.
Liverpool, Merseyside, England, 1857-08-20 00:00:00

MONETARY AND COMMERCIAL,

LIVERPOOL, Wednesday Evening.
The Cotton Market continues very active, and
prices exhibit an advancing tendency, being now
about *1 per 4b. higher than on Friday last. The
sales to-day were 15 000 bales, including 3,000 on
speculation and for export.
There was a better ieeling manifested in the
Liverpool Share Market to-day. There was rather
more busin3ss done, and prices were a shade
higher than on yesterday. The day's transactions
consisted of Caledonian, 394, 30*, 39k, 391 ;
Eastern Counties, 11 7-16, Ili. 11 7-16, 11i ;;
Lancashire and Yorkshire, 99L 991 ; London and
North Western, 10.2'i, 1021 ; Manchester, Sheffield,
and Lincolnshire, 40i; Midland Stock, 848, 841.
842, 841 ; North Eastern, 24 ; York Capital Stock,
301; Dovers, 211, 214, 2-4, 21/!, 211, 211; Grand
Trunk of Canada, 12 9.16 ; Great Western of
Canada, 21, 211 ; Luxembourg, 71c ; Liverpool
and London Fire and Life, Bp. The following
were the closing prices :-Blackburn, 7,7 a ;
Chester and Birkenhead, 66, 66i ; Caledonian,
391, 39-a ; Chester and Holyhead, 14. 174 ; Eastern
Counties, II!, 111 ; East Lancashire, 961, 96 ;
Do. now 9/. shares, 1, 9-16 p ; Great Northern,
24, 241; Great Western, 531, 51 ; Lancashire and
Yorkshire Stock, 991, 991; Do. new 91 shares,
11-16, 13-16 p; Liverpool, Crosby, and Southport,
191, 191 ; London and North Western Stock,
1021. 102 a; D. *-shares, 9-16, II; Manchester,
Sheffield, and Lincolnshire, 404, 401 ; Midland
Stock, 841. 84+ ; North British, 111-, 14 ; North
Staffordshire, 41, 4 d ; North Eastern-Berwick,
Capital Stock, 23 15-16, 24 ; York Capital Stock,
394, 39'1 ; Leeds Stock, 22;•1. 221; Scottish North
Eastern, late Aberdeen, 12, 13; South Eastern,
1.1-16 211 ; Dutch Rhenish, 48, 4a d ; Great
Luxembourg, 7*, 7+; Buffalo and Lake Huron,
41, 41-‘1; Ditto New Shares, 4, 31 d ; Grand Trunk
of Canada, 121- 12+ ; Great Western of Canada, 21,
211-; Ditto New Shares, h, ti p.
The Market for the Public Fun Is and Securities

to-day was very steady. The demand for money
was not so active, and the supply in all quarters
is described as being abundant and in excess of the
requirements of the commercial public. The bill-
brAers are, therefore, inclined to negotiate paper
under the Bank rate ; and so confident are many
of the permanent character of these symptons of
relief, that the possibility of a decline of half per
cent in the Bank eff England minimum has been
discussed. Looking at the extraoriinary effiux of
silver to the East, however, and other contingencies,
it cannot be expected thrt any sn3ll movement will
take place at present, because the Bank of Eng-
land, as shown by the recent returns, has lately
become weaker, and some time must necessarily
elapse before the directors, under the most
favourable circumstances, will be justified
in in extending their discount operations. It
is satisfactory, however, to notice that the
withdrawals from that establishment have
received a decided check, and if all the specie
arrives that is expected in the course of the next
month or six weeks, we may probably find the
bullion again increasing. One matter for consi-
deration in a financial point of view, and to which
attention is now drawn, is the position of the Bank
of France, which it is feared may probably compel
the administration of that establishment to renew
their purchases of Gold. If this, unfortunately,
should prove the case, the two-fold draining to the
Continent and to the East cannot fail to cause
considerable disturbance. The steamer Colombo,
to leave Southampton to-morrow, will take out
about 1,200.0001. sterling, and it will be therefore
impossible that an additional drain can be sus-
tained without a serious displacement of our
metallic supplies. Consols for Money closed this
afternoon at 911 to 913. and for the Account at 9I
to 913 ; Exchequer Bills 4 dis. to 2 par., and the
New Three Per Cents 91Z to 92.
In the London Railway Share Market there
was a moderate business done to-day, at full
prices. The following were the closing prices :
—Caledonian, 783, 79 ; Eastern Counties, 11',1,
113; East Lancashire, 96, 07 ; Great Northern,
974, 983; Do. A, 90, 91 ; Great Western, 533,
531; Lancashire and Yorkshire, 99Z, 993; Leeds
Northern, 454, 46; London and North Western
1021, 102;3 ; London and South Western, 941, 953 ;
Manchester, Sheffield, and Lincolnshire. 403. 403 ;
Midland Stock, 841, 813 ; North British, 46 463 ;
South Sastern and Dover. 72,1, 73; York, Newcastle,
and Berwick, 95, 96 ; York' and North Midland,
783, 71; Grand Trunk of Canada, 123. 121; Great
Western of Canada, 201; Do. New, par, 1; 04swestry,
Worcester, &c,' 32, 33.
After official hours, the business done was at the
following quotations : Caledonian, 783, 4; Eastern
Counties, 113, 3 , East Lancashire, 96, 97 ; Great
Northern, 973 98 ; Ditto A, 92 ; Great Western,
531, 1 ; Lancashire and Yorkshire, 991, 3 ; Midland
Stock, 84i, 3 ; North British, 103; South Eostern
and, Dover, 724 ; York, Newcastle, and Berwick,
95, 96 ; Yoak and North Midland, 781 I.
By a report addressed fo the Board of Trade
from the British Consul at Bahia, respecting the
cause of the preference given to foreign vessels
over British, it appears that misters of the former
are more careful than those of the latter, and de-
liver their cargoes in better order. If, therefore,
the Brazil trade is to be retained in our hands, he
seggests that more care be observed by both mas-
ters and shipbrokers.

A. report addressed to the Board of Trade men-
tions that colonial vessels are too much accustomed
to leave port with very inefficient anchors and
cables—it is alleged, in the hope of being supplied
by any of her Majesty's vessels they may be
fortunate enough to meet with.

It appears by the advices just received from
America that the crops of Grain throughout the
United States will fully realise the expectations of
those who have reported upon their appearance.
There is no reason to doubt the statement that the
harvest will be the most abundant ever known.
The Cincinnati Gazette has the following estimates
of the crop of 1857, compared with the production
of 1849, in the nine great grai❑ growing States of
the West. It says the estimates are based on
a sound data in relation to increase of popu-
lation and ratios of production, and on the
assumption that the crop of this year will be a full
average :

Estimated
Wheat crop, of 1849. Wheat crop of 1857,
Ohio ... . ... 14,500,000
Indiana
Illinois
Kentncky .... 2,200,000
Tennessee .. 1,650,000
Michigan ~ .. 5 000,000
Wisconsin .... 4 200,000
Missouri .... 3,000,000
lowa

Aggregate 47,550,000
This shows an advance of 55 per cent. on the pro:
duce of 1840. The increase of population is about
35 per cent. ; so we have allowed a large margin
for more favourable crops. Looking to the con-
sumption of Indian corn bread, thecconsumption
of wheat for flour and seed in these States will
not exceed 45,0004000 bushels, so that there will
be, assuming an average crop, 28,000,000 bushels
for expDrtation. This is probably double the
amount which went out of the north-west to the
Atlantic coast.

Corn crop of 1849. Corn crop of 1857.
Bushelp. Bushels.
Ohio ..
Indiana
Illinois .... v ... 57,650,000
Kentucky .... .. 53,700 000
Tennesse
Michigan .... . 5,600,000
Winconsin . .. 2,000,000
Missouri ... .. 36,200,000 ....
lowa

332,450,000 . ...443,000,000
This is an increase of 33 per cent , or about the
same with the population. Of this great cereal
crop full one-half goes into surplus, partly in bulk,
partly in pork, lard, whiskey, and cattle. There
will bo a greater surplus in 1857 than in 1850, by
full 60,000,000 bushels, which is equivalent to an
increase of $30,000,000. There %%ill be half the
same increase on wheat, and one-fourth as much
on oats. The advance in hay, which is already
much cf it gatlexs,4,l, will be lull 15,000,000 more,

which chi€fly appears in the weight of cattle,
horses, Sze. In addition to all these considerations,
we must remember that the crop of 1856 fell below
that of 1849 very much. If our hypothesis of a
full average crop should turn out true, we think
the surpluses of the west- will be from $80,000,000
to $100,000,000 better than in 1856. There is a
full demand for these, and our railways furnish
a ready and cheap outlet to all markets."
The following is a report of to-day's London
Wool sales :—" Messrs. Southey and Son, and Mr.
H. P. Hughes, have sold Wool to-day. The
attendance of buyers was less numerous, and the
biddings were not so active as of late. In prices,
however, we have no change to notice.
The imports of Silver from the Continent con-
tinue very extensive, and fully account for the
continued remittances of gold thither. Within
the last day or two, the steamers Panther and
Triton have arrived in the Thames from Boulogne,
the Clarence, from Antwerp, and the Rainbow,
from Rotterdam, bringing a total of 172 cases
8 barrels and 25 bags of silver, estimated value
of which is about £lBO,OOO. These arrivals help
to account for the recent fall of 1,1 per ounce
in the price of silver, which. may tend to
render the future withdrawls from the Continent
more moderate. It is understood that, in addition to
the silver brought by the Magdalena, a consider-
able quantity of the metal drawn from the conti-
nent will remain over, after the departure of the
ColomLo, and will, of course, be available for the
ensuing steamer of the 4th September. There is
an impression that the shipments on the 4th of
September will be considerably less than those by
the Colombo, but much will depend upon the next
advice's from India.

With reference to the market for American rail-
way securities, Mr. E. F. Satterthwaite reports as
follows :—" Transactions in American securities in
London have been on a limited scale during the
past week, and prices are steadily maintained."
The directors of the Grand Trunk Railway Com-
pany of Canada have issued for the information of
the shareholders a long report from Mr. C. H.
Gregory. The directors' circular remarks:—
Grand Trunk Rai!wav Company of Canada, 21, Old
Broad-street, London, C.E., August 18.
Sir,—l am desired by t'e London board of directors to
transmit to you herewith notice of a special general meet-
ing of the shareholders of the company, which has been
appointed to be held at Toronto, on the 29th of September
next, in lieu of on the 25th instant, as originally fixed.
The objects of the meeting are fully set forth in the report
of the directors, dated the 11th ultimo, of which I
transmitted you a copy. I am also to hand you a copy
of the report of Mr. Charles Hatton Grt gory, who, as you
are aware, was in accordance with the desire of the Pro-
% incial Government, appointed by the London directors
to visit Canada for the purpose of reporting upon the
Grand Trunk Railway, the character of the works, and
the quality of the rolling stock supplied under the con-
tracts. To obviate some misconceptions which have arisen,
the act for the relief of this company passed by the Cana-
dian legislature in 1856, and also that of 1857, were
reprinted and sent herewith, for the information of the
shareholders. Since the date of their last report, the di-
rectors have nominated Mr. Thomas E. Blackwell, C.E.,
for a seat at the Canadian board, as the representative of
English shareholders and directors. Mr• Blackwell will
proceed to Montaeal in the early part of next month. The
directors feel convinced that from the constant and undivi-
ded attention of this gentleman to the working of the line.
much advantage will be derived by the company. I beg to
transmit to you, herewith, notice of call on the preference
capital of the company, and also notice respecting the issue
of the residue of it.—l am, sir, your very obedient aeruant,
C. P. RONEY, Secretary.
Some of the purposes for which the meeting is
called at Toronto are thus state?—
For the purpose of considering, and, if so determined,
approving and sanctioning a resolution of the directors for
increasing the capital of the company by the sum of
2,000,0001. sterling, and for raising that sum, or so much
thereof as may be required, and as may be determined
upon by the meeting, by ordinary bonds of the company.
For the purpose of considering, and, if approved, of
ratifying an agreement entend into for the purchase and
acquisition, by the Grand Trunk Railway Company, of the
undertaking, rights, and powers of the London and Grand
Trunk Jur etion Railway Company, and for uniting and
merging the last-mentioned company with and into the
Grand Trunk Railway Company.

LIVERPOOL COTTON MARKET.--..1u0. 19.
We have again to report a very active demand for cot-
ton, and prices still advance. The sales—including 230
Pernambucos 90 to 10101, 550 Bahias Eld to 81d, 70
Maranhams 91d to 10d, 300 Egyptians 10d to Ild, 3,000
Surats 4il to 'lid—are reported 15,000 bales, of which
3,000 are on speculation and for export.

LIVERPOOL PRODUCE MARKET.—AUG. 19.
SUGAR: We had rather more inquiry at the recent
decline, and the sales comprise 50 hhds Jamaica at 48s 6d
to 5Us, 210 hhds Cuba at 47s 6d, 230 bags low Dummah
Dates at 45s 6d, 1,000 bags Pernams (the price not re-
ported), and 250 tons Bahia, afloat for the continent, the
terms for which have not transpired.
MOLASSES : Nothing has taken place.
Rum : 85 puncheons Demerara have found buyers with-
out change in value.

COFFEE : 200 bags Rio at 46s per cwt,
RICE : The market continues dull, and we have no
ransactions to report. _
__

CocurNEAL : At the public sales this morning, 20 serous
realised 33 ad to 3s 91 for silver, and 33 101 to 4s per lb
for black.

GAMBIER : 600 bales, at 17s to 17s 3d for sound, and.
16s 9d to 17s for heated. By private, 1,200 bales at 17s 3d
'or sound and heated.

TARTAR : A few easks Cream, all faults, 94s to 94s 3d
MYRAI3 MMUS : 30 tons at 73 91 per cwt.
MOTHER OF PEARL SHELLS : 20 tons inferior .4'26.
LIMA WOOD: 40 tons £24 lOs to per ton.
Louwoon : The Campachy and St. Domingo was taken
in, £7 Ss being bid for the former, and £4 12s 6d for the
latter.

SAGO FLOUR : We have also to mtiee, by private, 9-30
bags at 16s 9.1 to I7s per cwt.

PEPPER : 1,230 bags Singapore black, to arrive, at sicl
per lb.

AGRICULTURAL PRODUCE MARKET.-AUG. 19.
Per_stone, 201bs. r Per gOii,s. s. d. s. d.
s. d. P. d. Potatoes, Pink Eyes 0' 0 to 0 0
Flay, 01d...... 0 7 to 0 Si Ditto, Kemps .... 2 4 to 2 9
Ditto, new.. 0 5 to 0 7 Ditto, Whiterocks. 0 0 to 0 0
Ditto, clover 0 0 to 0 0 Ditto, Balshaws .. 0 0 to 0 0
Green Clover 0 2 to 0 2i Ditto, Beldrums .. 0 0 to 0 0
Vetches 0 0 to 0 0 Ditto, cattle 0 0 to 0 0
Straw, wheat 0 3* to 0 31 Per ton.
Ditto, oat ..... a
Ditto, barley .... 0 0 to 0 0 Carrots
Oats, in straw .... 0 0 to 0 0 Mangle mute!
.Manure 4 0 to 6 0