The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-11-13 00:00:00

COMMERCIAL and 31-01.VE T ARF XE TVS.

MONDAY NIGHT.
THE Money-market during the week has presented,
on the whole, a favourable aspect, notwithstanding
that no reduction has been made by the Bank of Eng-
land in the minimum rate of discount. The fluctua-
tions in the Public Funds have been of an upward
character, owing to the increased confidence in mone-
tary resources, and the advance on the whole is nearly
2 per cent. Money for commercial purposes has been
in good demand, but at rates, for first-class paper,
somewhat below that fixed by the Bank of England ;
while on the Stock Exchange money has been at com-
mand for about 3 per cent. Another instalment of
10 per cent. on the British Loan of £16,000,000 will
fall due on the 20th inst., and three days after, an in-
stalment of 15 per cent., or £750,000, on the Turkish
Loan, will be payable. The late arrivals of specie have
been but moderate, but further receipts are expected
shortly ; and as, no doubt, preparations have been made
to meet the instalments on the loans, it is not antici-
pated that they will exercise any serious influence on
the market. The Bank of Dublin has announced an
increase in the rate of discount from 5 to 6 per cent,
and the Royal Bank of Prussia has raised the rate of
discount on commercial paper from 4 to 41 per cent.,
and the interest on loans, upon public funds, and other
securities, from 6 to 51 per cent.
The returns of the Bank of England, published on
Friday, show a decrease in the stock of bullion in both
departments to the extent of £3,731; but as the de-
crease is, to a larger extent, in the banking department,
with an increase in the issue department, upon which
the amount of issue depends, and accompanied also by
a decrease in the circulation of £339,045, the reserve
of notes unemployed, which is the real surplus, shows
an increase, to the amount of £381,905, the public
deposits have again decreasedtothe extent of £330;860,
owing to the payments on Account of the government
exceeding the receipts, and there is also a decrease in
private deposits of 066;879 ; so that, allowing for the
decrease in the circulation of notes, there is ample to
account for the small-diminution in the stock of bullion.
Another decrease 'in private securities •of £179,052,
shows that the demand for accommodation is lessening,
or being satisfied from other sources; •so that, on the
whole, the statement may be deemed satisfactory.
The total receipts of Specie during the week have
been about £200,000, and the whole 'of this has been
re-exported.
Much attention has been necessarily excited by the
rapid and continuous rise which has taken place in
Sugar, .and he increase also in the market-price of al-
most evecy4rticle in general tcousumption. An ad-
vance of :threepence a lb. in the price of Sugar, with
the prospect of a still farthevrise, is attributed 'te the
shortness of stocks, the redudion in supplies, and 'the
continued large consumption. It is stated, however,
that-thae is no want of -supplies in the West -Indies,
whielpis kept back owing•to the difficulty of-obtaining
freights at a moderate ttate. Whatever may be the
cause;it is evident that 'higher prices will render ne-
cessary a larger amount :of. gold in circulation, and
account of itself for diMinished stocks in the Bank
cOffers so that if the restrictions imposed by the
I '
fsßank Charter Act beallowed to continuo, we shall be
Fburning the candle at ',both ends, by compelling the
retention of aweless-hoard at the very 'time' when the
l' gold is most wanted for its legitimate employment as
',Ole medium of circulation.

We quote the following. remarks from Messrs. T.
-and H. LITTLEDziIIE and Co.'s monthly circular :