The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-11-20 00:00:00

VARIATION OF THE COMPASS.

TILE following letters from the Board of Trade and Trinity-
house have been received by the Secretary of the Liverpool
Compass Committee, in reply to one from the Committee to
each of the above boards, enclosing copy of a letter addressed
by him to Mr. Court, Secretary of the Liverpool Underwriters
Association, Which we published last week respecting the
variation of the compass in the Irish Channel :
" Office of Committee of Privy Council for Trade,
" Marine Department, 16th Nov., 1855.
" SIB,—I am directed by the Lords of the Committee of
Privy Council for Trade to acknowledge the receipt of your
letter of the Bth inst., enclosing copy of a communication
addressed, by the Liverpool Compass Committee, to the Un-
derwriters of that port, on the subject of the variation of the
compass in the St. George's Channel and Irish Sea; and I am
to resquest that you will acquaint the Compass Committee
that my Lords entirely concur in their suggestion, and that'
measures will be taken for giving further publicity to this
information, so important to mariners.—l am, sir, your obe-
dient servant, T. H. FARRER.
" W. W. Rundell, Esq., 40, Tower-buildings
East, Liverpool."

"Trinity-house, London, 15th November, 1855.
Sra,—l beg to acknowledge the receipt of your letter of
the Bth inst., enclosing a copy of one which has been addressed,
by direction of the ` Liverpool Compass Committee,' to the
`Liverpool Underwriters' Association:' respecting the proper
correction for variation to be allowed in navigating the Irish
Channel, and having laid the same before the Board, am
directed to return the thanks of the Elder Brethren to the
Committee, for that communication.
" I am further directed to observe that the Elder Brethren
regard the subject adverted to as being both interesting and
important, and they request that the Committee will obligingly
inform them in what manner the observations were made,
both in Dublin and Liverpool, and whether the result arrived
at was consequent upon many observations.
" I have the honour to be, sir, your most obedient servant,
"J. HERBERT.
"W. W. Rundell, Esq."

PRODUCE.—The excitement prevailing in the Sugar-
market during the last fortnigh continued unabated
up to the early part of the week t ; since then the mar-
ket has become quiet, and purchases can now be made
on lower terms. The transactions are large, and com-
prise 500 hlids. 8.P., 8500 bags Bengal, 9550 mats
Mauritius, 1500 bags Brazil, 80 cases Havana, all on
the spot ; besides 1,100 bags Bengal, 2,000 bags Per-
nams, to arrive, and 100 casks, 7,240 bags from France.
For Coffee a brisk demand, and prices have advanced
2s. per cwt. In Rice an extensive business has been
done at 9d. to ls. per cwt. higher prices. Rum in great
demand, at a further advance of 2d. to 3d. per gallon.
In Palm Oil large transactions continue to take place;
the sales during the week amount to 1,300 tons on the
spot at £4B to £5l, and 3,500 tons to arrive at £47
to £5O 10s. :per ton, Tallow has further advanced,

Petersburg Y.C. having been sold as high as 755., but
on Friday there were sellers at 745.; some small lots
of South American brought 745. 6d. to 755. per cwt.
25 tons Cocoa-Nut Oil are reported at 525. to Ms.,
and 100 tons Lard at 665. to 675. per cwt. There is
a dearer market for Jute, closing prices establishing
an advance of 20s. per ton. TO-DAY, we are still
without any transactions to notice in Sugar or
Molasses, and the market remains in the same un-
settled state. There is a fair inquiry for Rum, but
not much disposition to purchase at the late extreme
rates ; 400 pipes Havana, in dock, have however been
sold, but the price has not transpired. The sales in
Coffee are confined to 50 bags Rio at 50s. per cwt.
The Tea-market continues steady ; in prices of com-
mon Congou there is no alteration. 8,000 bags Arra-
can Rice were taken on Saturday, at 13s. 6d. per cwt.,
but nothing has been done to-day. 400 tons Bengal
Rapeseed, to arrive, have been sold at 68s. 6d. to 695.
per qr. delivered. We have also to notice 150 cases
Castor Oil at 7d. per lb. for low seconds, and 30 tons
Ceara Fustic at £6los. per ton.
WooL.---During the past week the Wool market
has been almost inactive, manufacturers and staplers
thinking that the price of Wool must be lower, hold
back as long as possible from purchasing more than
will satisfy immediate wants. On Friday about 600
bales East India, damaged by sea water, were sold,
and brought fair prices. Stocks remain very light.
The imports for the week are, 1,687 bales East India,
187 Mediterranean, 116 Portugal, 10 Irish, and 3
coastwise ; total, 2,003 bales.