The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-11-27 00:00:00

COMMERCIAL and MONETARY NEWS.

MONDAY NIGHT.

THERE have been some fluctuations in the value of
the public funds during the week, though not to any
very great extent, and the tendency on the whole has
been upward. In the early part of the week there
was considerable buoyancy, owing to large purchases
of stock, and a rumour which was generally credited
that Sweden would enter into the alliance with the
Western Powers. On Thursday, however, it was
stated that the Bank directors were about to make
another increase in the rate of discount, and the funds
declined, but as no alteration was made the decline
was partially recovered. There has been an active
demand for money at the prevailing rates, arising
principally from the payments of the instalments on
the English and Turkish loans. By the Bank returns
on Friday there appears an increase in the stock of
bullion of £28,786, which may be attributed chiefly
to the augmentation of the public deposits amounting
to £504,772. On the other hand, there is a decrease
in the circulation of notes of £340,860, which ac-
counts for an increase in the reserve of notes unem-
ployed of £356,325, making the total £5,239,530.
The other changes are in private deposits and securi-
ties, the decrease of the former, being £279,328, and of
the latter £92,414, so that the amount of accommoda-
tion afforded by the Bank of England is gradually
diminishing.

Proposals have been made for the establishment in
Paris of a Joint Stock Bank, with the view of intro-
ducing the London system of banking into France.
This plan, if carried out with sufficiency of capital,
may, no doubt, be the means of effectinc, considerable
improvements in monetary arrangements ; but a far
greater benefit would be conferred if the proposed
new bank were in immediate correspondence with
similar institution in London, so as toform the medium
for effectinc, exchanges without having recourse tothe
Itothschilds' and similar establishments. There is no
doubt that abundant capital could be found for the
enterprise, and, as the trade with France is likely to
experience a considerable increase, it would Tender it
in a great measure independent of those changes
which sometimes arise from political causes. It
would, at the same time, help to strengthenthe alliance
which now exists between the two countries, and
materially facilitate those monetary operations which
the payments for the purposes of the war render
necessary.
Another banking establishment is required in the
Crimea, somewhat on the principle of a savings' bank,
but which might also be made available for military
purposes in the payment of 'the 'troops. It is corn-
! plained that the majority of the gnghsh soldiers are
spending their extra pay in drunkenness, owing chiefly
to Their having no other ready means of devoting their
money. If a bank were established where small sums
'would be received, there is no,doubt that many would
'take advantage of it to inves't'their extra pay, and if
the authorities should 'decline to make it a public in-
stitution, a branch of one of our joint-stock-basis
might be made to answer the purpose.
The receipts of specie during the week have been
but trifling, amounting 'to about £175,000, whil3 the
exports are estimated at £300,000.• There are, how-
ever, large quantitiesexpected, and of these gold to
the amount of ;about £700,000 is known to be 'ciff the
coast.
At Manchester buiiness has been quiet, 'which is
not unusual at this lime of the year ; but though
prices for some things have slightly given way, the
decline is not equal to that in the raw material. In
the Woollentradeithere is nothing particular to notice,
there is a fair amount of business doing, but without
alteration in prices. The Hosiery and Lace trades
are showing signs,olimprovement, particularly in the
fancy branches.
The Corntradeis in a rapid decline. In Mark-lane
to-day Wheat was4unsaleable at 3s. per quarter decline,
and may be quoted 6d. per bushel lower. The country
maikets:are in much the same state, owing to the in-
creasing conviction that the supplies will be fully
equalltoithe demands for consumption.
The return from the Bank of England for the week
ending the 24th November gives the following results,
when eompared'with the previous week:—
Public Deposits ... £4,110,130; Increase ... £504,772
Other Deposits ... 10,886,746; Decrease ... 279,323
Rest ... 3,220,897; Increase ... 12,314
,On,the other-side of the account:—
Government Securities £10,124,848; Unchanged.
Other Securities 17,787,150; Decrease... £92,414
Notes unemployed
The amountiof notes in circulation is £19,422,230,
'being a decrease of £340,860, andtthe stock of bullion
zin both departments is £1163,224, showing an
'increase of -£28;786 when compared with the preceding
_return.