Northern Times.
Liverpool, Merseyside, England, 1857-07-01 00:00:00

TO TS! IDITOR OP TEI NORTHIRW TIM ZS.

Sir,—l saw a letter in your Saturday's edition,
signed " A Leadsmen," which induced me to refer
to your back numbers for the letter alluded to.
It is one with the initial letter " R" at the close
of it. After reading it, I was certainly not sur-
prised at finding the writer was either ashamed or
afraid of putting his name to such a production.
Only conceive, if possible, what a nice, amiable,
good-tempered, sweet, merciful man he must be,
his heart overflowing with the milk of human
kindness, only to propose " Transportation for six
years," to any unfortunate commander in the Mer-
chant Service, who should get into difficulties, or
get his ship on shore in thick weather. I am
afraid our friend "R" has not suffered affliction
himself, or he would learn to pity the unfortunate.
If this is the punishment that our friend "R"
would visit, on misfortune or error of judgement,
what punishment would he inflict upon rogueish
members of parliament, and scampish directors of
swindling Banks, that rob the widow and the
fatherless, in such notorious cases as have appeared
before the public lately ? if "R" will take good
advice, he will leave the sailors alone, and remem-
ber the old adage, "Those that play at balls may
expect rubbers."—l remain, sir,
HENRY WM. POWELL,
Commander of the " Candia:,

THE WILFUL DAMAGE CASE

MONETARY AND COMMERCIAL.

LIVERPOOL, Tuesday Evening.

The Cotton Market keeps very dull, but holders
not pressing sales, PrieeP., are well maintained.
The day's transactions sum up 4,000 bales, includ-
ing 500 on speettli'liion and for export.
The Liverpool Share Market continues inactive,
and prices are with difficulty supported. The
day's sales consisted of Birkenhead, Lancashire,
and Cheshire, 701; Caledonian, .371; London and
North Western, 1031 1031 ; Manch( trer, Sheffield,
and Lincolnshire, 441, ,441, . 441, 441 Midland
832; North Eastern, 23 ; Dovers, 221, 2?1, 221, 221,
221, 221. 221, 221, 3-18 ; Grand Trunk of Canada,
14, 3.16, 141, 1-16, 14, 13k, 15-16, 131 ; Great
Western of Canada, 211; Ditto New, p
Liverpool Borough Bank, 10 1,16. The following
were the closing prices :-Blackburn, 7 13-16,
7,115-16 ;Chester and Birkenhead, 701, 701 ;
Caledonian, 371, 371 ; Chester and Holyhead,
181, 181 ; Eastern Counties, 111, 11 11-16 ; East
Lancashire, 961, 97 ; Ditto £9 shares, 1 13-16 p ;
Great Northern, 241, 241; Great Western, 64,
611: Lancashire and Yorkshire Stock, 1001,
1001 ; Do, £9 shares, 1, 1 1-16 p ; Liverpool,
Crosby, and Southport, 191. 191; London
and North Western Stock, 1031, 1031; Ditto
one-eigthth shares, 3-16, 1 d ; Manchester,
Sheffield, and Lincolnshire, 441, 441; Midland
Stock, 831, 831; North British, 101, 108 ; North
Staffordshire, 40, 4g d; North Eastern-Berwick,
221, 23 ; York and North Midland, 351, 351 ;
Leeds Capital Stock, 221 221 ; South
Eastern and Dover, 22 3-16, 221; Scottish
North Eastern, 121, 121; Buffalo and Lake Huron,
31, 31 d ; Ditto New Shares, 3, 21 d Dutch
Rhenish, 31, 3 d ; Groat Western of Canada, 211,
211: Ditto New Shares, 1, e p ; Great Lusi.;
embourg, 111, 111 d ; Grand Trunk of Canada,
131, 131.
in the market for the Funds and Public
Securities we have little or no change to notice,
Consols closing with sellers at 921 for the Account
and 921 to 921 for Money; Exchequer Bills, 7 to
3 dis. ; and the New Three per Cents at 921 to
921: The demand for Money is now likely to
become more active, as the 4th of the month is
fast approaching ; but at the present moment,
although the inquiry is evidently brisk, there is
no appearance of pressure. Six per cent. is ob-
tained easily, even for the best descriptions of
business paper; but, according to some statements,
a disposition is shown, on the part of the leading
discounting firms, to make a slight concession
where the security is of an approved character.
In the London Share Market to-day business was
flat, and on the whole prices are hardly so high as
on 'yesterday. The following were the closing
quotations :-Ambergate, Nottingham, and East
Junction. 51, 51 ; Caledonian 141, 741; Edinburgh
and: Glasgow, 62, 64; Eastern Counties, Ili, 111 ;
East Lancahire, 961, 971; Great Northern, 981, 99;
Ditto A, 891, 9071 ; Great Western, 641, 641 ; Lan-
cashire and Yorkshire, 1001, 1001 ; Leeds Northern,
44, 454; London and North Western, 103, 1031 ;
London and South Western, 1011, 1011 ;
Manchester, Sheffield, and Lincolnshire, 44, 441 ;
Midland Stock, 831, 831 ; North British 43, 431 ;
South Eastern and Dover, 731, 741 ; York, New-
castle, and Berwick, 911, 921 ; York and North
Midland, 711.
The Corn Markets to-day were very steady, but
the business done was of a most trifling descrip-
tion. Prices of Wheat and Flour do not vary much
since this day week. Indian Corn is ls, and
Egyptian Beans 2s per quarter cheaper. .
The Produce Markets are dull. To-day hardly
any business was done at the various public
auctions. Sugar, Coffee, &c., &a., are quite
neglected.

The Commercial advices by the West India
Mail do not vary much from those of previous
mails. The rains at Jamaica had brightened the
prospects of a large sugar crop. The markets
were generally dull. Rice was in fair demand.
Exchange on London 90 days 1 per cent. pm. At
Trinidad prices of provisions and Brcadstuffs had
not improved, and stocks were still considerable.
Produce was scarce, and what remained sold freely.
Freights were not so brisk as last mail. Weather
was favourable for the planter. The crop at Bar-
badoes was nearly all in, and the canes had yielded
well. There was little to report in Freights.
The following are the latest quotations of th e
Foreign Exchanges :—Amsterdam, short, 11 17-a-
-to 11. 18k ; ditto, three months, 12 to 121 ;
Rotterdam, do., 12/ to 121 ; Antwerp, do., 25 471
to 25 521; Brussels, do., 25 47 to 25 52-1 ; Hamburg,
do., 13 84 to 13 81; Paris, short, 25 2.21 to 25.321;
ditto three months, 25 60 to 25 70; Marseilles,
do., 25 071 to 25 721 ; Frankfort, do., 1198 to 119 ;
Vienna, do , 10 28 to 10 30 ; Trieste, ditto, 10 28 to
10 30 ; St. Petersburg, do., Mil, to 37,-1 ; Madrid,
do , 481 to 481
At Paris rumours are circulated that the govern-
ment contemplates reducing the rate-of interest on
Treasury Bonds. The decline which is understood
to have taken place, since the date of the last return,
in the stock of coin held by the Bank of France is
partly explained by the payment of the dividend,
which fell due the 22nd inst. on the Three per Cent.
Rentes. At Hamburg the rate of discount has
risen to 7to 71 per cent. At Paris the rate is
51 per cent ; at Amsterdam, 4 per cent. ; at Frank-
fort, 3 to 4 per cent.; at Berlin, 5 per cent.; and at
Vienna, 5 per cent. At Vienna the exchange on
London has receded from 10 9tolo 7. This indi-
cates a favourable feeling.
The letters and commercial advice,s brought by
the Overland Mail confirm the impression which
prevailed on Saturday, that the exchange at Cal-
cutta on London was erroneously quoted one
penny too low in the telegraphic messages. It
will be seen from the subjoined statement
of the closing rates for 'first class bills, by
the present and previous mails, that the
more favourable movement of the Chinese
exchanges is fully counteracted, so far as regards
the effect upon our market, by the adverse altera-
tion that has taken place in the Indian markets :
Previous Mail. Present Mail.
At Calcutta 2s IA-d to 11-d .. 2s 1,15 d to lid
At Bombay . 2s ltd 2s 1d to 2s 2d
At Hong Kong ss Old to id 5s
Shanghai 7s 4d to 5d . 4d to 41;d

_
Notwithstanding the advance in the rates in
India, however, remitters of silver to the East
seem inclined to pause, considering the mag-
nitude of the amounts lately despatched from
this side, and the unsettled state of affairs in
those regions. It is at present computed that the
shipments of specie and bullion by the steamer
Colombo, on the 4th of July, will not exceed
606,000/. or 700,0001 Despite the disturbances
amongst the native soldiery, the government 5 per
Cent. loan was being freely subscribed for in India,
and stood at -41,- prem in the Bombay market.
The Quarterly Revenue Returns were made up
last night, and although they exhibit the rare
feature of a deficiency, they at the same time
afford conclusive evidence of the solind and healthy
state of trade. The total deficiency is somewhere
about 350;000/, and to an exceptional Circumstance,
the postponement of the collection of the Hop
duty—some 240,0001. is due. The falling off
during the quarter, in face of the large reduction
in taxation taking place on a state of war is not
much over 100,0001. Besides, it should be borne
in mind, that the estimated deficiency for the
above period was 1,200,0001. Both the
customs and excise departments have
yielded much larger returns than was
calculated upon, The decrease in the Property
has not yet fallen off to the extent which the war
nine-pence would have led us to expect. Next
quarter we may expect a sensible falling off, but
this will, no doubt, be compensated for by an in-
creased revenue arising from the great departments
of the Customs and Excise. • As before observed,
the net deficiency on the quarter will not exceed
350,000/. The revenue for the year, as may be an-
ticipated, shows an increase under each head. The
Customs portion of this, amounts to 470,0001, the
Excise to 150,0001, Stamps and Taxes to 300,0004
and Property Tax to 800,0001, The net increase is
about 1,600,000/, and the total revenue collected for
the year will amount to 72,000,000/.
The return of officers to India will probably tax
the resources of the Peninsular and Oriental
steamer of the 4th of July, but the demand for
berths could not Lave happened at a better period

of supply, since the July vessels usually carry out
only about a fourth of the ordinary number of
passengers, the heat in the Red .Sea deterring all
persons from voluntarily taking a passage at this
season..

It,appears from the'vague accounts from Delhi
that theinSurgents have sacked the Delhi Bank,
and obtained 150,0001.- in specie. Most likely,
however, a portion of this' sum was plundered from
the Public Treasury. The Delhi Bank is a res-
pectable joint-stock establishment, which was
founded about fourteen years ago with a paid-up
capital of 180,0001. It has agencies in London,
Calcutta, Bombay, Madras, and Cawnpore. Its
manager was Mr. George Beresford, and the deputy
manager and accountant were also Europeans. It
is assumed that whatever specie loss the bank may
have sustained will be regardedas a claim upon the
government.
At a meeting of the creditors of Messrs. Gotch,
the bankers, of Kettering, who failed on the 9th
inst., it has been resolved that the estate shall be
wound up under inspection. It is stated that by
this course at least 10s. in the pound will be real-
ised. The failure appears to have arisen from ad-
vances having been made without adequate security.
According to accounts submitted by Messrs-
Harding and Pullein, the accountants, the assets
are 82,0031. against liabilities for 132,0261.
A meeting of the class A shareholders of the
St. Andrew's and Quebec Railway Company was
held this day. The chairman moved that the bill
entitled " a bill to incorporate the New Brunswick
and Canada Railway and Land Company, and for
other purposes relating to the said company," be
approved. Mr. Bates seconded the motion, which
was agreed to by a very large majority: A meeting
of the New Brunswick and Canada Land and
Railway Company was also held, at which the
report was agreed to.