The Sun.
London, England, 1853-01-29 00:00:00

THE TIMBER TRADE IN LIVERPOOL.

From a trade-circular statement which has just been
forwarded to us by one of the principal timber brokers
in Liverpool, we have great pleasure in learning
that, so far as that port is concerned, the timber trade
has participated in a large degree, in the general pros-
perity of the year 1852.
The year just passed has, we believe, been one of the
most successful, in a business point of view, ever.
recorded. A great impetus has been given to trade
which has showed itself in the unexampled activity which
has prevailed in the yards of our s hipbuildencrease rs.
over theT
re
has been the greatest comparative i
average in the import of deals, owing to the fact of their
being more easily procurable by all classes in the colo-
nies, and of American ships preferring them to square
timber for cargo. The consumption has also
kept pace with the supply, and shows an in-
kept -
deals together
crease. Quebec and North of Europe
of more than 1,500 slightly Of North American
timber the import has fallen in all kinds, except
in Quebec oak, and in pine and spruce planks, of which
latter kind the import this ear exceedsßailway that last
sleepers
by 9,717,000 feet of two incyhes. In
there has also been an increase of
in
12,4 k 53 pieces
of North
over
last year. In the consumption of every
d.
American timber there has been this year a considerable
increase. There has been a considerable falling off in
the imports of timber from the north of Europe, as the
Baltic shippers, owing to the immense increase. of North
American imports, and the cheap rates at which the
United States merchant vessels have
markets.
carr
London ied them, have
been driven into the Bull and
The consumption, however, shows a general increase.
In Mahogany there has been a consid
erable increase,
may be
both in imports and consumption, anl same
said with respect to timber from Cuba, Honduras,
Havannahj (cedar), Rio and Bahia (rosewood). With
regard to prices it may be said that there has been
throughout the year a steady, and, in some instances, a
considerable rise. In the year 1851 there were 466
vessels employed in carrying timber to this country, with
a tonnage of 268,960 tons ; in the past year they were
443—the tonnage had, however, risen to 272,771 tons.
Great anticipations are entertained that the next year's
trade will be still more prosperous.

MONEY AND COMMERCIAL NEWS.

CITY, Two o'CLocr.

The sales of cotton at Liverpool yesterday were
estimated at 9,000 bales, including 3,000 for ex-
port and speculation. The market closes firmly,
at full rates. Railway shares were flat.
The turning point in the affairs of the Bank of
England, or, perhaps, we might more correctly say,
in the state of the money market, had been reached
apparently last week, for the account of the liabi-
lities and assets of the Bank, to the 22d instant,
shows an addition to the specie, less employment
for notes, and an augmentation of the sums to the
credit of individuals. The loans and discounts
seem also to be diminishing, if we include those
upon Government securities. Compared with the
previous week, the changes are as follows :

Active circulation
Decrease

Bullion
Increase

£23,473,775
187,595

19,404,919
256,412

Rest— Increase
Public Deposits—lncrease 58,876
Other deposits—lncrease 443,479
Seven day and other Bills—Decrease 90,868
Government securities -Decrease 40,389
Other securities—lncrease 13,197
Notes reserved—lncrease. 440,080

The rates for bills of exchange, as negotiated
here upon 'Change yesterday afternoon were not
higher, but on the principal continental cities they
were firm.

The exports of bullion from London direct dur-
ing the week to Thursday last were 85,235 oz. of
gold, and 8,0001., chiefly sent to France and Bel-
gium. Of silver 6,590 oz. were shipped.
The following is from the Committee of Spanish
Bondholders :

" Madrid, 23d January, 1853.
" My, dear Sir,--Since the last change in the Finance
Department, I have taken every opportunity to speak
with H.E. Senor Llorense, the new Minister, concern-
ing the certificates of the over due coupons, and I have
now to acquaint you with the result of my conferences,
which may be resumed as follows : _ _ .

" His Excellency has answered me that he is
not aware of his colleagues' opinions respecting
an affair which does not allow of an imme-
diate solution, and consequently has not been
discussed in the Council of Ministers, but that his per-
sonal opinions concerning the settlement of the debt are
not questionable, being, on the contrary, well known to
the public.
"As member of the Commission of' the Congress which
was engaged in that business, he nut only supported
Senor Bravo Murillo's Government in every part of the
project which was favourable for the creditors, native
and foreign, but also sustained that greater amplitude
ought to be given to the design, and during a whole
month he maintained in the Commission the reclama-
tions of the coupon holders.
" Such being the case, his opinions in that epoch are
not a mystery for any one. But the question of the
debt having been decided upon by the Cortes, things
have changed their aspect, and no prudent Government
could renew a question which gave rise to so many com-
plications, without being completely certain of the sup-
port of the Cortes, which, on the other hand, will have
to be occupied in the brief session, commencing on the
Ist March, with transcendental political questions.
"From the preceding answer of his Excellency it re-
sults, therefore, that although he declines giving any
positive assurance or admitting of any serious compro-
mise, he does not deny his personal favourable opinion,
whilst Senor Bravo Murillo would not listen at all to the
subject in question.
" Having thus faithfully transmitted to you the result
of Senor Llorentes' conversation with me, it remains for
the creditors to hope and trust that the Cortes will up-
hold the dignity and honour of the great and generous
nation they are called upon to reprebent.
" I remain, my dear Sir, &c.,
" DANIEL WEISWEILLER.
" To James Capel, Esq.,
Chairman of the Committee of Spanish Bondholders,
London."

The English Stock Market has been flatter, and
there is very little business doing. Consols have
realised 994 for Transfer, and for Account have
been the same. The lower quotations from Paris
have occasioned the temporary lull. The New
Three-and-a-Quarter per Cents. have been marked
103} to g ; and the Three per Cents. 100, and
since 100 i. Bank Stock has risen to 2271 and
228: Indian Stock is at 2711. Exchequer Bills
are 575. to 61s. premium.
Foreign Securities have been steady, with a mo-
derate demand. Spanish Deferred are 22tto
and the Certificate is firm at 5. Mexican Bonds
have been quiet at 23. Buenos Ayres Stock has
been a o-ain done at 67. Brazilian Old Bonds have
been dealt' in at 104 to 102. Equador Stock is
worth 5i to 1. The Swedish Loan is at 2 discount,
and the Austrian Scrip has been pushed up to 9
premium. Russian 41 per Cents. have realised
103 i. Sardinian 5 per Cents. have maintained the
advance to 951.
The Railway Share Market has been weak again,
and there are sellers of Caledonian, Great Northern,
Great Western, Manchester, Sheffield, and Lin-
colnshire, and York and North Midland. French
Shares have receded again.
The Gold Mines are all heavy, with very few
dealings. Several of the Californian Companies
have advices this morning.
The Land Companies are firm ; and the Austra-
lian Banks have risen a little.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY.
(From the Official List.) _

Busine-1 done.
Bank Stock
3 per Cent. Reduced Annuities ........ -
3 per Cent. Consols Annuities
New 31 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 6 7-16
Ditto 30 Years, Expire sth Jan., 1860 6 3-16
India Stock
India Bonds, £lOO 66r70
Ditto, under £lOOO 7l
Consols for Account 10th February 99a
Excheqr er Bills lid. March. June.
£lOOO.. 6l 57 _
£5OO 6l 57
Small 6l 57
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Austrian Scrip, 5 per Cent 9
Brazilian Bonds, 5 per Cent.
Ditto 4. per Cent 9B
Buenos Ayres Bonds, 6 per Cent 67
Equador Bonds 5l i
Mexican 3 per Cent —
Ditto for the Account 23
Russian Bonds, 5 per Cent., l2O
Ditto, 4? per cent lO3l
Sardinian Bonds, 5 per Cent.
2
Spanish Bonds, 3 per Cent —
Ditto New Deferred, 3 per Cent 22i i
Spanish Committee Cert. of Coup. not fun sh p s
Swedish Loan 2 d
TWO O'CLOCK.
Consols ......... - ....... . ................... 99
Ditto Feb g i
ruary .........

STATE OP THE WOOLLEN TRADE.

(From the Leeds Mercury of this day.)

The London Wool Market is steady. The imports
into London, during the week ending to-day, have been
3,215 bales, of which 1,641 were from Portland, 1,228
from Sydney, 219 from Germany, 70 from the Cape, and
57 from Antwerp.
In the Liverpool Wool Market there has been an ac-
tive demand for wool, at full prices. Stocks very scanty.
Imports the past week :-100 bales Buenos Ayres, 80
Egyptian, and 151 Leghorn.
In the English Wool Market the sales this week have
been to a moderate extent, and prices are firm at last
week's rates.

With regard to the woollen trade of Leeds we do not
observe any material change in the state of the woollen
cloth market this week. There has been a good busi-
ness done in the Cloth-halls ; perhaps not quite so much
as last week. We believe there can be little doubt that
much more business might be done if there was a larger
supply of cloth in the halls for the merchants to select
from, but at present the stock of cloth is exceedingly
small, and as fast as the manufacturers produce their
goods they are at once either delivered direct at the
„warehouses, or if exposed for sale in the market, are
quickly disposed of, and generally at firm prices. There
is a fairbusiness doing in the warehouses; quite as much as
as is usual at this season of the year in the home trade. A
brisk business is doing by several of the shipping houses.
In the Bradford market the disposition to speculate in wool
has considerably abated. A general feeling has arisen
that prices have attained their highest poin't for the pre-
sent, especially in that from the colonies ; whilst the ad-
vance in the rate of Bank of England discounts has told
with considerable effect. Parties are more disposed to
sell both wool and yarns than they were last week. The
piece trade is dull. Wool is relatively higher than
yarns, and yarns than pieces. The advance upon Gal-
lipoli oils is enormous, being from 421. 10s. per tun, six
months ago, to 681. at present.
In the hosiery trade of Leicester the home demand
continues very steady, and more is doing by the country
houses than, from the openness of the season, might be
expected. They are still shipping orders in the Bourse
of execution, both for the Australian and Cana-
dian markets, and the demand.p.or fancy hosiery,
shirts, half hose, and socks adapted to these
markets, was never greater than at this period
of the year, whilst the manufacture of cotton hosiery
keeps most of the operatives in full employ. The rise
in yarns has yet had but little effect on the labour mar-
ket ; though manufacturers find it impossible at present
to realise it, there is confidence in the present prices
being ultimately obtained. The increase of discount by
the Bank of England is considered very judicious, even
as only applied to the restriction of speculation. It is
rather a singular feature in our market, that although
the cotton market is reported dull, brown cottons suited
to our trade are only barely supplied, whilst the demand
for blue grey is ten times greater than the supply.
Worsted spinners find great difficulty in realising present
prices. Wools are stationary, at the present advance ;
short sods and noils are even more than ever sought
after.

INDIA.

OVERLAND MAIL.

(BY SUBMARINE TELEGRAPH.)
MARSEILLES, JAN. 28.

The Euxine is arrived with the East India mail.
Dates—Calcutta, Dec. 22 ; Bombay, Jan. 3 ;
Alexandria, Jan. 1 ; .Malta, Jan. 25. No news of
importance. Trade lively. Indigo market appears
to open at much higher prices than those of last
year. Exchange in Calcutta, 2s. ON. to 2s Id.