Northern Times.
Liverpool, Merseyside, England, 1857-08-28 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Thursday Evening.

There is no abatement in the demand for Cotton.
To-day the sales aniouncei to 20,000 bales, includ-
ing 3,000 on speculation and for export, at stiffer
prices.

The Liverpool Share Market has been rather
firmer for most descriptions of stocks. The North
Eastern lines are again higher. The following were
the transactions :-Caledonian, 401; Lancashire
and Yorkshire, 99, Hi ; London and North West-
ern, 1001 ; York Capital Stock, 391, 391, 391;
.Leeds Capital Stock, 23k, 23,1; Dovers,
211 ; Grand Trunk of Canada, 13, 121 e,
12 15-16; Great Western of Canada, 22, 22k, 221 ;
Da'. New Shares, I, 4,4 p. The following were the
closing prices :-Blackburn, 7i, 71 ; Chester and
Birkenhead, 66, 66k ; Caledonian, 40, 408 ;
Chester and Holyhead, 17k, 171 ; Eastern
Counties, 11 3-16, xd 11 5-16 ; East Lancashire,
96-1-:, 964 ; Do. Al. shares, 1, 9-16 p ; Great Northern,
24, 24i; Great Western, 54, ad 541;. Lancashire
and Yorkshire Stock, 99k, 994; Do. 91. shares,
11-16, 4p; Liverpool, Crosby, and Southport,
191, 191; London and North Western Stock,
1001, xd 100 i ; Manchester, Sheffield, and Lincoln-
shire, 391, 398; Midland Stock, 82, xd 82k ;
North British 11 11-16, an 11 13.16 ; North Staf-
fordshire, 48, 4 d ; North Eastern-Berwick, 23+, ad
23k; York and North Midland, 391, 39f ; Leeds
Capital Stock, 21, 241; South Eastern and Dover,
21 7-16, 21 9-16; Scottish North Er.stern, 12,1, 121;
Buffalo and Lake Huron, 41, 41 d ; Ditto New
Shares, 4,3 i d ; Dutch Rhenish, 3,1, 38 d ; Great
Western of Canada, 224, 221; Ditto New Shares, y.
4 p; Great Luxembourg, 7 1-16, 7 346 ; Grand
Trunk of Canada, 121, 13.
The funds opened with considerable firmness
this morning, hut afterwards the market became
exceedingly dull and inactive, and at the close
prices were 1 per cent lower than on yesterday.
Consols for money may he granted at cr;Ot to 90
and for the account at 901 to 901. Exchequer
Bills 4 dis to 2 par, and the new tare() per
cents 9.4.
In the London Railway Share Market there was
not much business done, but on the whole prices
were firmly maintained. The following were the
closing quotations :-Caledonian, 791, 801; Eastern
Counties, 11 7.16, 11 016 ; East Lancashire, 96,
97 ; Great Northern, 96, 97 ; Ditto A, 89; 91;
Great Western, 5.“, 541 ; Lancashire and Yorkshire,
99k, 991 ; Leeds Ncrthern, 49, 50 ; London and
North Western, 102 k, 1024 ; London and South
Western, 93, 94 ; Manchester, Sheffield, and
Lincolnshire, 391, 39-1 ; Midland Stock, 848;
North British, 47k ; South Eastern and Dover,
71k, 72 ; York, Newcastle, and Berwick, 96k, 97k;
York and North Midland, 801, 81; ; Grand Trunks,
121, 13+ ; Groat Western of Canada, 21L 22; Do.
New, 11-16, 13-16; Oswestry, &c., 31i, 32-k.
The Grain Trade remains dull, and prices of
Wheat and Flour have declined to-day.
The following is a report of to-day's Landon
Wool sales :-

The prAblfc sales of low Wool have been brought to a
close to-day. The biddings have ruled ♦ery firm, and
extensive rates have been oL.tained by the brokers. The
quantity of Wool actually sold duricz the series now
cotaclud,d, is about 87,000 bales, 20,000 being for
Export.

Railway meetings continue to be held. The
report of the Metropolitan Company was agreed
to. The following is an abstract :
The directors regret to have to announce to the pro-
prietors that the negotiations with the Great Western and
the Great Northern Railway Companies, which were
referred to at the last half-yearly meeting of the company,
did not lead to a satisfactory result. Notwithstanding the
failure of these negotiations, the directors considered it
inexpedient to withdraw the bill for en extension of time
for the exercise of the company's powers, as by far the
greater portion of the cost attendant thereon had been
already incurred, and they were advised that the addi-
tional expenditure would not exceed the sum of .£l5O.
Tae bill was carried unopposed through both house,' of
Parliament, and has received the Royal Assent. The
whole of the powers of the company aro therefore intact
for another year, and the directors are, eonsequently, in a
position to take advantage either of any combination of
favourable circumstances to carry out the undertaking, or
to enter into arrangement with any parties who may
desire to possess the powers enjoyed by the company.
The accounts showed the receipts to have been
147,8431, with a balance of 5,5941.; and there was
84,555/. in the hands of the Accountant-General.
A meeting of the Bedford Extension Company
was held yesterday. The Secretary read the
report, the principal points of which are as
follows :

Tho Directors had been unable in consequence of the
high value of money to issue the unappropriated shares,
and consequently the rent received had been used in pay-
ment of the Company's debts. The account of shares
not issued with arrears of calls amounted to 18,3211. 13'..
the returns during the last six months bad slightly ,
increased. '1 he co-operation with the Western Companies
was cordial, and they believed sincere, and the only
expenses of Management were those of the Secretarial
Departments. The report was adopted.
The Directors of the Lancashire and Yorkshire
Railway Company have issued their report to be
submitted to the half-yearly meeting, to be held
on the 2nd proximo. The report contains the fol-
lowing statement :
The result of the working of the railway for the past
half year your directors consider to be favourable, the
receipts for passenger traffic showing an increase of
25,562/ over the corresponding period of last year; the
receipts for merchandise traffic showing an increase of
13,5481; which latter is satisfactory, considering the se-
rions interference with the industrial pursuits of the
distric, owing to the depressed sate of trade. The work-
ing expenses of the company compare favourably with the
corresponding date of last year, being now 40,85 per
cent. against 41.58 per cent. at that date. The
balance of revenue applicable to the payment of inter-
est and dividends and other fixed charges is 371,2481
Os 3d. It is recommended that a dividend at the rate of
5 per cent. per annum, deducting income-tax, be declared,
leaving a surplus of 859/. 16s. 4d. to be carried forward
to next account. During the present session a bill
has been obtained by an independent company for a
short line of railway between Oldham and Guide Bridge.
This line, when made, the Sheffield Railway Company
have undertaken to work, and to guarantee a minimum
dividend of 41. per cent. on a capital not exceeding 150,0001.
In the first instance your directors opposed this measure,
but ultimately found it to be for your interest to join in
the guarantee. The project of a short line from Oldham
to Rochdale has been revived. This originally formed part
of the Oldham Alliance scheme in which you were inte-
rested. Your directors have ordered a survey to be pre-
pared. with the view to an application being made to
Parliament for the necessary powers to make this line,
the length of which will be about GI miles, and the cost
moderate. The agreement with the East Lancashire Rail-
way Compiny, which was resolved upon at the last half.
yearly meeting, for the intercba -ge of traffic pending the
amalgamation of the two companies, has prayed in its
working a great convenience to the public, by its havitLg
induced a system of through booking for passenge-rs, and
a running through of carriages and waggons. which could
not otherwise have been secured ; it haft al
„:o caused a saving
in working expenses, bat the full extent of the saving
which is anticipated cannot be ':ealised until the amalga-
mation is completed. The nepciations with the Aire and
Caldede Navigation, which were alluded to in the last re-
reort of your directors have been continued throughout the
half year, in unison with the directors of the North Eastern
Railway, and, though not. completed, are making satisfac-
tory progress.
ieleerenhie despatch has to.dpv
_
been received by the European and Australian
Steam Company :—" The European left Sydney
June 19, and arrived at Suez Aug. 14. The mails
have probably been forwarded from Alexandria by
the Caradoc ; they were at Malta on the 20th of
August."

About 200,00)1. of tho bar gold, ex the Great
Brit ;in, was yesterday sent into the Bank. In-
cluding the 220,0001. in Australian and American
gold, mentioned yesterday, the amount sent in
within two days is no less than 420,0001. It is
thought that some further amount of the gold ex
the Great Britain wid be purchased by the Bank
to-day, but about 60,0001., is known to have been
taken for exportation to the Continent.
The steamer Indomitable has arrived at Ply-
mouth, from Melbourne, with 31,940 OZ3. of gold
on freight, worth about 127,8001. This supply is
not expected to be in hand for a few days. The
advices brought by this vessel are very old; the