The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-12-25 00:00:00

COMMERCIAL and MONETARY NEWS,

MONDAY NIGHT.

THE Money-market during the week has exhibited
but little change in the value of the public Funds, the
depression which might have been induced by the con-
tinued demand for money having been compensated by
the hopes entertained from the treaty with Sweden,
and the general indisposition to speculate until some-
thing more definite is known as to the future restrict-
ing operations to little more than purchases for in-
vestment, or sales to meet pressing demands. Money
for commercial purposes has been in rather active
request, and discounts have in consequence maintained
the high rate demanded by the Bank of England, the
absence of any receipts of specie inducing preparation
for expected requirements. As, however, it is more
than a hundred days since we have had any advices
from Australia, it is reasonable to anticipate that
further shipments of gold may be near at hand, and
the payments of the dividends in the course of a few
weeks will also help to make money more plentiful.
The loan of sixteen millions has now been paid ; so
that the government will be at liberty to raise further
supplies, a measure which will no doubt lead to a re-
consideration of the present restricted system of
currency.
The returns of the Bank of England, published on
Friday, for the previous week, show an increase under
almost every head. The stock of bullion has been
augmented by the sum of £226,760, which, taken with
the decrease in the circulation of £98,980, and the
addition of £475,000 to the right of issue on securities,
accounts for the increase in the reserve of notes un-
employed of £797,440, making the total no less than
£6,556,625. There appears also a large increase upon
private deposits, and upon " other securities" to the
extent of £219,492.

With reference to the probabilities as to the supply
of bullion, the Dailq News says :
Thepnbliowill pr.hahlrha tn rnrised to learn +ha t, of the total
amount of £4,000,000 which has been paid upon the Turkish
£5,000,000 loan, only £1,500,000 has yet been applied to the
service of the Ottoman government. The remainder, or
£2,500,000, is lying at the Bank of England, comprised
under the bead of "other deposits." The total amount of this
item, as stated in the last published Bank return, was
£11,719,180. The aggregate of the coin and bullion held by
the Bank, it will be remembered, was also stated at
£11,079,578. The knowledge that the heavy amount of
£2,500,000 (in addition to the £1,131,250 which has yet to be
paid upon the loan) must ere long be remitted in gold to
Constantinople, is calculated to render the Bank directors
very cautious, and points decidedly to a continuance of the
tightness 'of the money market. We understand that the
decrease of £147,529 exhibited in the coin and bullion in the
last balance-sheet, in face of the purchase by the Bank of a
large amount of Australian gold, was occasioned by a remit-
tance on account of this loan.

The market at Manchester has been quiet during
the week, and may be considered as virtually closed
for the year. Prices, however, have been firmly main-
tained, the demand being equal to the supply, while on
some descriptions of goods an advance has been
obtained. In the Woollen and Hosiery trades there
has been a very fair amount of business doing, con-
sidering the time of year, and higher prices have been
obtained for worsted yarns.
Although there has been but little further decline
in the Corn-markets, the amount of business transacted
has been very limited, the general impression being
that prices must go still lower. Foreign supplies have
been more ample of late, and will no doubt be still
further increased, while the opinion is gaining ground
that our own crop the last harvest was a full average
one. So that, taking into account the diminished
consumption owing to the long prevalence of high
prices, there is no reason to anticipate any scarcity,
but rather the contrary.

' The return from the Bank of England for the week
ending the 16th December gives the following results,
when compared with the previous week :

Public Deposits
Other Deposits
Rest ...

£4,428,440; Increase ... £12,209
12,322,462 ; Increase ... 003,282
3,205,482 ; Increase ... 12,454

On the:other side of the account :
Government Securities.. £9,789,376; Decrease... £475,000
Other Securities ...... 18,360,761; Increase ... 219,492
Notes unemployed ...... 6,556,625; Increase ... 797,440
The amount of notes in circulation is £18,581,360,
being•a decrease of £98,980, and the stock of bullion
in toth departments is £11,306,338, showing an
increase•of £226,760 when compared with the preced-
ing Treturn.