The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1856-01-22 00:00:00

THE LIVERPOOL STANDARD.

COITIMERCIAL and MONETARY NETVS.

MONDAY NIGHT.

TnE Funds, during the early part of the week, ex-
perienced but slight fluctuation, the tendency, if any,
being downwards. On Wednesday, however, there was
a much better feeling, and prices advanced about 1 per
cent., owing, it is said, to an impression that the
government intended to authorise an issue of £1 bank
notes, in order to set free a corresponding amount of
gold for the exigencies of the war; and the belief in
the report appeared to be pretty general, notwithstand-
ing the absence of any authorised confirmation of it.
The advance, however, in the Funds would, it is
believed, have been greater, had it not been for the
anticipation that the Bank Directors contemplated an-
other rise in the minimum rate of discount ; but on
Thursday morning came the startling news that Russia
had unconditionally accepted thepropositions of Austria
as a basis of negotiations for peace, and though the
intelligence was at first scarcely believed, from being
generally unexpected, it had very soon an effect on the
Funds, which rapidly rose about 3 per cent., and as
the day passed over without any alteration being made
in the Bank rate of discount the advance was firmly
maintained. Money for commercial purposes has been
in active demand, but, although no change has taken
place in the nominal rates, capitalists are less willing
to part with their resources, preferring rather to wait
the turn which affairs may take.
The returns of the Bank of England, published on
Friday, for the week ended' the 12th instant, show a
decrease in the stock of bullion of -£119,958. This may
be considered very favourable, inasmuch as a large
amount must have been paid to the public in dividends,
as shown by the decrease in the public deposits of
£1,875,926, and an increase in the actual circulation
of £486,495, which coupled with the decrease in bullion,
accounts for the decrease in the reserve of £633,370.
The other changes are rather large in amount, the
private securities having diminished no less than
£2,456,320, while the private deposits have been
augmented by 11,359,668.
The accounts from Manchester state that the advance
demanded by sellers on the receipt of the news from
Russia has tended to check purchases, and that busi-
ness has, in consequence, been limited, at a realisable
advance of only Id per lb. on yarns, which does not
compensate for the rise of id per lb. on the raw ma-
terial. In the Woollen market little or no alteration
has taken place.
The return from the Bank of England for the week
ending the 12th January gives the following results,
when compared with the previous week :

Public Deposits ...
Other Deposits ...
Rest ... ...

£3,638,609; Decrea5e...£1,878,926
13,967,508; Increase ... 1,359,668
3,330,673 ; Increase ... 45,359

On the other side of the account :
Government Securities.. £13,413,459; 1ncrea5e..£2,456,320
Other Securities ...... 17,415,554; Decrease -.2,456,320
Notes unemployed ...... 4,887,005; Decrease... 633,370
The amount of notes in circulation is £19,387,300
being an increase of £486,495, and the stock of bullion'
in both departments is £10,416,951, showing a decrease
of £119,958 when compared with the preceding
return.