Northern Times.
Liverpool, Merseyside, England, 1857-08-05 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Tuesday Evening.

The demand for Cotton has become very limited,
and to-day the sales'were less than on any day for
several years past, only amounting to 1,509 'hales,
all to the trade. Prices however, have not varied,
and the full currency of Friday last is paid.
The Liverpool Share Market has been dull to-
day, but, with one or two exceptions, prices were
fully maintained. The day's transactions are re-
ported as follows:—Blackburn, 713 ; Caledonian,
384,1,39, 388, East Lancashire, 96!--; Great Western,
634, 63, 624; Lancashire and Yorkshire, 1001 4,
; London and North Western, 1021; North
Eastern, 2311', 4, ; Midland, 831 ; York Capital
stock, 381; Great Western of Canada; 211, -A,
; Liverpool and London Fire and Life,
BA. The following were the closing prices :
Blackburn, 7y. 8; Chester and Birkenhead, 661 674;
Caledonian, 38 11-16, 38 13-16; Chester and Holy-
head, 18, 184 ; Eastern Counties, 114, 114 ; East
Lancashire, 961, 964 ; Do. 91. shares, 4, 9-16 p ;
Great Northern, 244, 241; Great Western, 624, 621 ;
Lancashire and Yorkshire Stock, 1004, 1004; Do.
91. shares,,-",, 1 p; Liverpool, Crosby, and Southport,
194, 194 ; London and North Western Stock, 1024.
1.024 ; Manchester, Sheffield, and Lincolnshire, 434,
xd 434 ; Midland Stock, 834, 84; North British,
11 7-16, 114; North Staffordshire, 4i, xd
44 d ; North Eastern—Berwick, 231 231:
York and North Midland, 381 381; Leeds
Capital : Stock, 224, 224 ; South Eastern and
Dover, 224, 2.24. Scottish North Eastern. 124, 12; ;
Buffalo and Lake Huron, 44, 4d ; Ditto New
Shares 4, 34 d ; Dutch Rhenish. 31, xdt! 34 d;
Great Western of. Canada, 214, 212; Ditto New
Shares, 4, 4 p ; Great Luxembourg, 74, 74; Grand
Trunk of Canada, 138, 131.
The Money Market was more active to-day, in
consequence of it being " settling day ;" which,
by-the-bye, has passed off without any defalcations
of an extraordinary character. The demand for
money has increased, both at the Bank of England
and in the private Discount Houses, where the
hills presented for discount throughout the day
have been more numerous than for a long time
past. In addition to this, arrangements for the
settlement at the Stock Exchange, and the usual
demands from the agricultural districts pending
the harvest operations, have contributed to aug-
ment the pressure; but it is imagined that in the
course of a few days some relief will be experienced,
more especially as there is generally less activity
in the bullion market for a short time subsequent
to the departure of the steamers for the East Indies.
At present there is some ground for apprehending
an advance in the rate of discount, but this arises
solely from the extensive shipments of silver.
The increased inquiry for discount accommodation
must have been expected, but no one was prepared
for such an extraordinary advance in the rates for
bills drawn on the Presidencies, and, as a natural
consequence, this has stimulated the drain of
specie to the various ports of the Presidencies.
Since Saturday upwards of half a million
sterling has arrived from Australia, Mexico,
and America, and even a larger amount is
hourly expected from the Antipodes, so that it is
presumed the deficiency in the Bank's stock of
bullion will soon be made up; and that there will
be a temporary cessation of the withdrawal from
the Bank vaults. The symptoms of renewed
stringency in the Money Market, and the effiux of
gold and silver, assists the operators for a fall in
speculative securities, but the Indian insurrection
exercises a paramount influence, and all other
considerations, whether of a commercial or finan-
cial character, appear to have lost their usual
weight amongst tho3e who are engaged in such
transactions. To-day the Market for the Public
Funds and Securities, was rather dull and
heavy, and Consols closed at 904 to 904; Exche-
quer Bills 4 dis. to pm., and the New Three Per
Cents. 904 to 901.

In the London Railway Share Market to-ley
there was very little business done. but. nripes
were • pretty well maintained. the following
were the closing quotations :—Caledonian, 74,
771; Eastern Counties, llf, Ea-st Lancashire,
961, 974 ; Great Northern, 94, 984; Do. A. , 92, 93;
Great Western, 624, 63; Lancashire and Yorkshire,
1001, 1009 ; Leeds Northern, 44, 441; London
and North Western, 1022, 102 - ; London and
South Western, 98} ; Manchester, Sheffield, and
Linp-I..titre, 431 ; Midland Stock, 83&, 831;
North British, 464; South Eastern and Dover,
741; York, Newcastle, and Berwick, 941 95i ;
York and North Midland, 761, 771; Grand Trunks,
12, 124; Great Western of Canada, 211, 211 ;
Oxford, Worcester, &c , 34, 35. After official hours
the business done was at the following prices :
Caledonian, 794, 79k; Eastern Counties, 111
14 ; East Lancashire, 96L 94; Great Northern,
974, 984 ; Ditto A, 92, 94; Lancashire and York-
shire, 1001, 100 d; Manchester, Sheffield, and
Lincolnshire, 431 ;• North British, 46i ; South
Eastern and Dover, 74k, 744; York, Newcastle, and
Berwick, 941 95k; York and North Midland, 76k,
771.

The Manchester Market was quiet, but firm to-
day. Producers were more willing to accept last
week's prices, but obtained them slowly.
During the last few days the Grain trade has
been devoid of all activity. Wheat and Flour
selling slowly and at slightly lower rates, and
Indian Corn meeting a very limited inquiry at
barely Friday's prices. With a continued Foreign
demand, however, Oats hav,e fully maintained
previous quotations. Oatmeal is reported steady;
Egyptian Beans and Barley both without change.
The weather continues fine. To-day's market was
fairly attended by local and country buyers, but
the business •in Wheat was of very limited extent,
and at a decline of 2d from the currency of Fri-
day, making 3d per 70 lbs. on the week. Flour :
The demand was quite of a retail character, and
prices were reduced 6d per sack and barrel. Oats
quiet, but firm, at previous rates. Oatmeal had a
moderate inquiry, at Friday's prices. Egyptian
Beans and Barley both slow, and unaltered in
value. Indian Corn : Mixed and Yerow met a
restricted sale at a reduction of 6d to 9d per qr. ;
White, from extreme scarcity, obtained former
quotations. The accounts we have this week
received from the various Foreign Cc rn Markets
have the one tendency. All agree that the Wheat
crop will be of superior quality, and in many cases,
considerably over an average in quality and the
value of Wheat declines daily.
The usual half-yearly meeting of the Berlin
Water Works Company was held yesterday, Mr.
Goschen in the chair. The report was on the
whole satisfactory, and stated that the lest half-
year had been considerably more productive than
the preceding one, the increase of rates for water
supply having been 700/, making the annual
revenue about 5,0001. The expenditure was still
in excess, but it was hoped that in a year or two
a dividend would be forthcoming. The accounts
showed about 17,0001. in favour of the company on
capital account.

The following are the latest quotations of
Foreign Exchanges :—Amsterdam, short, 11 16k
to 11. 17; do. three months, 11 181 to 11 191: Rot-
terdam, do., 11 186 to 11 191 ; Antwerp, do , 25 30 to
25 37k ; Brussele, ditto, 25 30 to 25 371; Hamburg,
do., 13 81 to 13 8-.1; Paris, short, 25 20 to 25 25 ;
do., three months, 25 578 to 25 021; Marseilles, do.,
25 60 to 25 65 ; Frankfort, do., 1194 to 1191
Vienna, do., 10 29 to 10 32 ; Trieste, do , 10 30 to
10 32; St. Petersburg, do., 361 to 362; Madrid
do., 461 to 49. _ _ _

The-London Wool Sales continue to be well
attedded, and foreign buyers are still taking more
Iztan an average supply of wool. Fine Port Philip
is fully 2d. per lb. higher than at the previous sales.
Messrs. Jalomb have disposed of about 400 bales.

It it; stated that the East India Company have
approved the plans of the Eastern Bengal Railway
Company, and that a guarantee of 5 per cent. has
been granted on their capital of 1,000,0001. in the
same manner as the other lines. The route runs
from Calcutta through the Delta of the Ganges
towards Deeca, and passes in the midst of rich
and extremely populous districts.
The exact amount of specie shipped by the
Peninsular and Oriental steamer Ripon is 1,012.9631.,
of which 843,14151. is for iudia, and 169,5184 for