Northern Times.
Liverpool, Merseyside, England, 1857-11-02 00:00:00

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v sited the town have purchased to a very limited
extent. Trade generally in all, the manufacturing
districts is very fiat, and nearly all the mills are
working only about three days a week. At Brad-
ford business was inactive, and in Wools and Piece
Goods no business of any importance has been
transacted, the demand for goods suitable to the
American markets having entirely ceased. Busi-
ness at Halifax has not shown the slightest im-
provement and prices generally have a ei4iiinward
tendency for both Wools and Piece Goods. At Man-
chester there was a rather easier feeling, owing to
the improved advises from AmeriCa. Some few
purchases were also made for the Indian markets,
but at arises that afforded very little remuneration,
and great caution is exercised by manufacturers in
entering into new contt acts.
A. telegraphic despatch from St. Petersburg
quotes the Exchange on London' still lower—viz..
at 351 About 100,000 half imperials, or 80,0001,
sterling in gold, were in course of shipment to this
side. Many persons are of opinion that, unless
the government permit the free efflux of gold, the
exchange will descend to a point extravagantly
adverse to Russia. With some 110,000.0001. of
Tet: er in circulation, and au estimated total of
perhaps 18,900,000/. in bullitin, it is by no means
impossible that we may witness. a depreciation of
the Russian currency similar to that which took
place at a date perfectly within the memory of
many commercial men, when the value of the paper
rouble fell to lOile although nominally worth about
3s- .1
Respecting the State of Trade in the north of
Ireland, a Belfast correspondent, writing last ever
ing, 'says—" Looking to local affairs, it is satis-
factory testate that, while in the manufacturing
districts across the Channel the building of Flax-
spinning factories has gone on at a rapid pace,
here, in Belfast, we have not: increased production
of Linen Yarns in any perceptible degree; for, while
some small mills were built, other large ones were
suspended, and stocks, which had accumulated to
some considerable extent a few years ago, are now
narrowed down to a very low amount. It is also
satisfactory that none of our merchants are con-
Traded with the Borough Bank of Liverpool or th-i.
Western Bank of Scotland. It would be wrong to
say that no loss will be sustained here by the sus
pension of these two banks; it will be a loss to the
operative community that a great deal of money
from Scotch employers annually expended in Ire-
land, will be withdrawn, but the commercial body
generally will not suffer much, though a few indi-
viduals may be involved to a small extent. Local
trade is necessarily quiet; but transactions are
entered into with.:,ut evidence of apprehension.
Flax markets, for the week, have been fairly
supplied, and prices have not receded for fine
qurlities. Coarse Flax sells at slightly decreased
rates; but the change is only trifling, and, in
general, the condition of the trade is steady. There
are no peculiar circumstances to notice as to the
market for Yarns. Sales are dull, and consumption
limited, and stocks kegin to bulk rather more
largely than of late, but they are below the quantity
held in former years at this period. The markets
for Brown Golds were not well attended for the
week. Sales cf White Linen having fallen off, the
activity recently seen in the purchase of Unbleached
Goods does not exist.