Northern Times.
Liverpool, Merseyside, England, 1857-06-29 00:00:00

MONETARY AND COMMERCIAL.

LIVERPOOL, Saturday Evening.

The demand for Cotton continues active, and
prices of all descriptions are firmly maintained.
The sales to-day were 10,000 bales, including 3,000
on speculation and for export.
The Liverpool Share Market was very dull
to-day, and, with little business doing, prices
suffered a decline. The transactions consisted of
Birkenhead, Lancashire, and Cheshire, 701; Lan-
cashire and Yorkshire, 1001, 100 ; Manches-
ter, Sheffield, and Lincolnshire, 44i ; North Eastern,
23 ; Dovers, 22k, ; Grand Trunk of Canada, 141.
7-16 ; Great Western of Canada, new, lip. The sales
for the next account were-Lancashire and York-
shire, 1001; London and North Western, Ing ;
Manchester, Sheffield, and Lincolnshire, 412;
Midland Stock, 83i, 1; North Eastern, 23k, 3 ; York
and North Midland, 358; Great Western of
Canada, 221; Grand Trunk of Canada, 141, 9-16.,
7-16, fa,-, 5-16. The following were the closing
prices :-Blackburn, 7,8; Chester and Birk-
enhead, 701, 711 ; Caledonian, 37*, 371 ; Chester
and Holyhead, 181, 18 ; Eastern Counties, 111 ;
112 ; East Lancashire, 962, 97111; Ditto £9 shares,
13-16 p ; Great Northern, 24k, 244; Great
Western, ; Lancashire and Yorkshire
Stock, 100, 1001- ; Do, £9 shares, 1, 1 1-16 p ;
Liverpool, Crosby, and Southport, 191. 191 ;
London and North Western Stock, 1031, 1051,-;
Ditto one-eigthth shares, 3-16, 1 d ; Man-
chester, Sheffield, and Lincolnshire, 44. 444; ;
Midland Stock, 831, 831; North British, 10*, 101 ;
North Staffordshire, 48, 41(1; South Eastern, 22
7-16, 22 9-16 ; Scottish North Eastern, 12a, 125;
North Eastern-Berwiek, 22*, 23 ; York and
North Midland, 351 35-; Leeds Capital Stock,
224, 22* ; Buffalo and Lake Huron, 31, 34 d ; Ditto
New Shares, 3, 2 d ; Dutch Rhenish, 3, 21 d ;
Great Western of Canada, 221, 221 ; Ditto
New Shares, 11, 10 p ; Great Luxembourg,
11 5-16. 11 3-1 B d ; Grand Trunk of Canada,
148, 141 g. The continuations paid were -:-Black-
burn, 9d; Lancashire and Yorkshire Stock, i;
London and North Western Stock, 4; Manchester,
Sheffield. and Lincolnshire, 4s, -35 6d, 3s, 3s 6d, 3s;
Midland Sock, 5-16, 4 ; South Eastern, 2s, 2s 3d, ;
North Eeastern-Berwick, a ; Dutch Rhenish,
1-16 ; Great Western of Canada, New Shares,
1524.

The. demand for Money to-day, as is usual on a
Saturday, was not so pressing, and we have no
change to notice in the rates for discounts.
In the private, banking houses 6 per cent,
is fully maintained, although in exceptional
cases, where the paper is of a choice descrip-
tion, accommodation may be had for 58 per
cent. The approaching settlements at the •
Stock Exchange, together with the payments of
the 4th, and the preparations for the despatch of
silver by the ensuing Indian mail, will all tempo-
rarily combine to check any immediate relaxation,
end, notwithstanding the opinion is enter-
tained that the Bank may be eventually
enabled to reduce the rate of discount to five
per cent, it is not thought that it will descend
below that point. On the Continent there is
a considerable demand for money, and, as at Ham-
burg, 7 per cent. is the rate, it is satisfactory
evidence of the absorption to effect the remittances
necessary for this market. Despite the operations
of the bullion brokers, who are still sending gold
to France, the heavy arrivals by the late American
mails have provided enough for this purpose, and
left a considerable balance to be sent into the Bank.
It is thus estimated that the quantity so disposed
of has reinforced the bullion in the coffers of that
establishment, so as to bring the total to an amount
of nearly twelve millions sterling.
The Market for the Public Funds and Se-
curities had a decided fall to-day, prices
having declined fully I per cent., produced
by the unsatisfactory ,•nature of the Eastern ad-
vices. The exehanges, it is true, are rather more
favourable, and the Bulls, were calculating upon an
improvement. If the political news had been encou-
raging, increased firmness would, no doubt, have
been imparted to the quotations. The progress of
the disaffection, and the extension of the mutiny,
naturally enough depressed the market, and many
timid operators who were waiting for a rise were
induced to close their engagements. Hence
the adverse movement in prices, but .at
the close of the market a rather stronger
tone wets noticeable, the favourable Bank
return, the diminished pressure for money
" out of doors," and the knowledge of the fact that
the Government were taking measures that would
no doubt be successful in ,quelling the revolt, then
producing an inclination to purchase stock at the
depreciated quotations. No reaction, however,
ensued, but the decline was arrested, and the ten.
dency became firmer. Consols for the 9th prox.
were 928, e, then 92t ; " after hours" they were
called 92 1.3-16 to 92 15-16. For the opening they
were officially marked 921, 11. The new Three per
Cents. were 921,11, and the Reduced 92Z, D. Bank
Stock was 212 k to 213. Exehequer Bills were de
pressed, being 10s to 8s dis.
The following list shows the fluctuations in
Consols during the past week :-
Lowest Highest Closing
prices. prices. prices.
Monday Money shut do do
Account _93,1 931 931
Tuesday Money shut do. do.
Account ....93/ 931
d 9301
Wednesday Money .... shut do
Account ....931 93i 931
Thursday Money shut do, do.
Account -.931 931 931
Friday Money .... shut do do.
Account .....93/ 93-h 93,1
Saturday Money . . stoat do. do.
Account ....921 92Z- 921
A moderate amount of business was transacted
in the London Share Market to-day, but the trans-
actions have been chiefly in connection with the
half-monthly settlement of accounts. It is not
presumed that the outstanding engagements are of
a very extensive character, and the terms charged
for " carrying over" are found to be rather lighter
than on previous occasions. Of course the fall in
the Funds had an exceedingly prejudicial effect
upon the value of most of the leading securities,
and in many instances a decline of fully 1 per cent.
took place. Caledonian receded East Anglian, I
to /, Great Northern 2 ditto A Stock /, Great
Western / to and Lancashire and Yorkshire
1, North Western nearly 1, South Western,
1, Manchester, Sheffield, and Lincolnshire I to
Midiand /, North British /, North Eastern
(ITh.a•wielr) 41-`, Do. (York) / to , -2, and most of the
others in the same proportion. Edinburgh, Perth,
and Dundee were an exception, being firmer. . In
the Colonial Market there was also some degree of
depression, and East Indian, which were I lower,
closed at 22/ to 228. Grand Trunk of Canada
dropped 1 per eent., and the Six per Cent. Deben-
tures were 1. to 1/ per cent. lower. The new under-
takings, sech as the Oude, Central ditto, Punjaub,
Eastern Bengal, &e., were nominally at previous
rates. The Markets for French shares naturally
drooped in consequence of the continued weakness
of the Paris Bourse. Paris and Lyons were
dealt in at 588, and Orleans at 58/. The other
Foreign Shares underwent no particular ohange.
The following were the closing prices :-Amber-
gate, Nottingham, Boston, and Eastern Junction
51, 58 ; Bristol and Exeter 91, 92 ; Caledonian 74/,
75 ; Chester and Holyhead 35/, 36/ ; East Anglian
an, 20i ; EasterniCounties 11ite 118 ; East Lance
seure, 97 98 ; Edinburgh and Glasgow 62, 64 ;
Edi,Ntburgh, Perth, and Dundee 34, 35 ; Great
North ,nn 984, 99a ; Great Southern and Western
(Ireland) 104, 105 ; Great Western 644, 65 ; Lan-
caster and Carlisle 70, 74; Lancashire and York-
shire 100, 1001 ; London, Brighton, and South
Boast 112, 114; .London and North Western 1031,-,
1034 ; London and South Western 101 101/ ;
Manchester, Sheffield, stud Lincolnshire 44 44/ ;
Midland 83, 83/ ; Midland, Birmingham, and
Derby 541, 551; Norfolk 62; 64 ; North British 421,
431; North Eastern-Berwßlk 911, 92i ; North
Staffordshire 4a, 48 die ; Oxford, Worcester,
and Wolverhampton 321, 331 ; Scottish Cen-
tral 106, 108 ; Scottish Midland 60, 71 ; South
Eastern 75, 75/ ; South Wales 8:* 89/
Hull and Selby 106, 108 ; Eastern CounMes Ex.
5 per Cent. (No. 1) 1, pm; East Indian 107,- .109 ;
Grand Trunk of Canada 56, 58 ; Great Ineqp
Peninsula Gua. 5 per Cent, 211, 21! ; Great'