The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-12-18 00:00:00

COMMERCIAL and MONETARY NEWS.

MONDAY NIGHT.

THE Money-market during the week has presented
little worthy of note, the general tendency being
favourable rather than otherwise, notwithstanding the
adverse influences of rumours respecting the war, and
the diminished stock of bullion in the Bank of England.
Some little depression was also created by the payment
of an instalment of 15 per cent. on the Turkish loan,
and the preparation for the payment of the final 10
per cent. on the English, loan, which will fall due to-
morrow. This led to a somewhat increased demand
for money towards the close of the week, but other-
wise money for commercial purposes was tolerably
easy.
A notice has been published in the London Gazette
by which the government authorise the directors of
the Bank of England to increase their securities in the
issue department by the sum Of £475,000. This is in
accordance with the provisions of the Bank Charter
Act, by which the government was empowered to
authorise the extension of the limit of fourteen millions
to the extent of two-thirds the amount discontinued
to be issued by other banks ; and as this exceeds
£712,000, the permission referred to has been granted.
It will have the effect of increasing the reserve of notes
unemployed by that amount, without a corresponding
increase of bullion.

The returns of the Bank of England, published on
Friday, show a decrease in the stock of bullion of
£147,529 ; but as the returns of the Bank of France
for the past month, which have just been published,
show an increase in bullion of £295,000, with a dimi-
nution in the note circulation of £856,000, it is believed
that the drain of bullion has been checked for the
present. The Bank of England circulation has
diminished, arising probably from the payments for
acceptances falling due, as shown by the decrease in
" other securities" of £727,488, and in private deposits
of £515,608. This large diminution is owing to the
week including the 4th of the month, when the greater
number of bills fall due ; so that the changes observed
are no more than might have been anticipated. The
decrease in the circulation has caused an increase of
£253,700 in the reserve of notes unemployed, which
now amounts to £5,759,185, and will be further in-
creased by the authorised £475,000 to be added to the
issue department ; so that the available surplus may be
Considered ample for all probable contingencies.
The return from the Bank of England for the week
ending the Bth December gives the following results,
when compared with the previous week :

Public Deposits ... £4,416,231; Decrease...
Other Deposits ... 11,719,180; Decrease...
Rest ... 3,193,028; Increase...
On the other side of the account :

£23,358
515,608
7,440

Government Securities.. £10,264,376; Decrease... £11,104
Other Securities ...... 18,141,269; Decrease... 727,488
Notes unemployed ...... 5,759,185; Increase ... 253,700
The amount of notes in circulation is £18,680,340,
being a decrease of £394,745, and the stock of bullion
in both departments is £11,079,578, showing a
decrease of £147,529 when compared with the preced-
ing return.

ISSUE DEPARTMENT.
Notes issued .... £24,439,525 Governmt. Debt £11,015,100
Other Securities 2,984,900
Gold coin & bu11'n.10,439,625
Silver bullion ...
C 24,439,5251 £24,439,525
DANCING DEPARTMENT.

Prop. Cretal ... £14,553,0001G0v. Securities £10,264,376
3,193,028'0ther Securities 18,141,269
Public Deposits 4,416,231 Notes ... 5,759,185
Other Deposits 11,719,180 Gold & Silver Coin 640,053
7-day & other bins 923,444

£34,804.8831 £34,804,883
OUT SHALT MARKET has been remarkably quiet
during the past week, with little variation in price.
There is not much real business doing. To-days we
have improved on Saturday's quotations, on another
rumour of peace. We close at the best, 52 offered for
Great Westerns. Caledonians, 276 Edinburgh and
Glasgolv,'2sl ; Lancashire and Yorkshire, 771 7 4 ,1„ •
Liverpool, Crosby, and Southport, 14; Sheffield Stock,
234-:; Midland Stock, 644 South Eastern, 17 3-16.;
Dutch Rhenish, id ; Great Western of Canada, 244.;
Liverpool and London Fire .and Life Insurance, 6p.

COTTON.—There has been a considerable amount of
business done during the week at fully previous prices,
*he trade being free buyers, owing 'to the very short
4tock of really marketable qualities and the short
-arrivals of fresh supplies, owingto.adverse winds. The
,sales for the week, up to Friday, ;amount to 56,200
:bales, of which 9,510 were takenon speculation and 5,490
for export, leaving 41,200 for the grade. To-DAY, the
:advices by the Canada were received with accounts of
drooping markets andlarge receipts ; notwithstanding
which the sales reached 6,000 bales, all to the trade,
and prices remain without change. The quantities at
sea are estimated at 145,000 bales American. The
following is a comparison of present rates with those
of the corresponding:period'last.year
1864 1866
New Orleans, niiildling 5 5 11-16
„ fair
Upland, middling
„ fair

I , SALES. I IMPORTS. STOCK
i,.---...,..----...t ,„-.---.4..___1 -......-..
Mlt RC RIPTION. pumas.] Week Prey'. Week 1 This
;ending ously ending 1
~.. Dec.l4
____ IDec. 14 tbisyr. Dec. 14
---'•
Sea Island
Stained
Boweds
Mobile 44 6 9990 334270 1
New Orleans 44 771 14160 1077950 I .9409 870460
Pernams,&c 54 :74 1160 46200 -233 50273 21370
Bella, &c.
Afaranliain
Demerara,&c — ... .700 .... 831 380
Egyptian 54 .84 . . 880 11774 C ..... 104057 51700
C0m.W.1.&c...
Surat
Madras
Bengal — ...., 3020 —.. 25 950
--- -- -- --
56200 2918210 t 84631470114 fmtoon

56200 2918210]

184631

'1970114 334900

PROM:TR.—Although-the business in Sugar is still
,very limited, and prices again lower, ,there has been
!rather more disposition on the part of the trade to
'operate at the reducedrrates ; the sales comprise 25
}Aids. 8.P., 400 boxes inareet Havana at 149 s to 51s 6d,
duty paid, and 200 cases, 7900 bags Brazil to arrive
at 28s 6d to 28s 101d.per cwt. in bond. In Coffee
'little doing at previous, rates. In Tea theiransactions
,have been very limitediand prices without .alteration.
Rice dull, but no change in prices. Rum rather
lower. For Hides full 'prices have been obtained.
(Palm Oil in limited demand, at £5O to £5l lOs per
ton. 'Wallow dull and small sales, at 69s to 70s per
ewt. TO-DAY, the -transactions in Sugar continued
limited, the sales being confined to 30 hhds. Demerara
at 43siand a cargo (3800 bags) of Pernams-oto-arrive,
:at 28sff.4 if landed in the United Kingdom, or -at 28s
per cwt., f.p.a., floating for:the continent. 60 pun-
cheons tßomerara Rum have been taken at 4s ad to
4s 4d per !gallon. The Coffee market keeps steady,
1000 bags Rio being reported.ao43s per cwt ;100 bags
Bahia. Cocoa, to arrive, have realised 51s per ewt. 'The
Tea marketis firm, with rather more disposition shown
to purchase <common Congou. Nothing has taken
place in Rice or Saltpetre, but •of <other articles .we
have -to ‘report.so bags Jamaiea (Ginger at 47s 6d per
ewt,2oo bales.cf Jute at els, a smcill parcel of Sam
wooaat 016:2s 6d per ton, and 990 bags Calcutta
Linseed Atl9s ,per quarter.

Wood,.—The4mproved feeling Aotieed in our last
has emrtiu' med•throughout the past wefik, all sorts of
good clean useful Wool, such as the finer qualities of
Turkey, Serbia, Sfax, &c., are much sought after, but
there are no iltocks of these descriptions.
.1n Donskoi
fleece, of whiek the :market is very bare, 'there is also
rather more doingl but, as noticed in our last, for the
lower qualities of :Smyrna, Barbary, &c.„ there is no
inquiry, and prices merely nominal. Imports for the
week-228 bales Portagal, 86 Mediterraneau, 64
South American, 16 hiek, 9 Scotch, and 8 coastwise;
fatal, 410 bales.