The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-10-09 00:00:00

THE LIVERPOOL STAND.AP.D.

THE VISIT OF THE DUKE OF
CAMBRIDGE.

YESTERDAY afternoon, at half-past four o'clock, his Royal
Highness the Duke of Cambridge arrived at Knowsley-hall,
on a visit to the Earl and Countess of Derby. On alighting
at the hall, the royal visitor was received by the Earl of Derby ;
and this forenoon the town of Liverpool will be honoured by
the visit of the illustrious duke, who will arrive at the
Town-hall at eleven o'clock. His Royal Highness will
be received at the entrance by his Worship the Mayor,
who will conduct his illustrious visitor to the east drawing-
room. The members of the Town Council will be assem-
bled in the galleries at the top of the grand staircase, to
receive and welcome his Royal Highness, and will follow him
into the drawing-room, where an address from the Corpora-
tion to the Duke will be read by the Recorder, and presented
by his Worship the Mayor. After the address has been pre-
sented, his Royal Highness, accompanied by the Mayor, will
visit several of the principal public institutions, following, as
far as is at present known, the annexed route :—From the
Town-hall through Castle-street, Lord-street, Church-street,
Parker-street, Lime-street, and Islington, to the Collegiate
Institution. After making a short stay at the Collegiate, his

Royal Highness is to proceed to the baths in Cornwallis-
street. The return route will be through Moss-street, Daulby-
street,Prownlow-street, Brownlow-hill, to Mount Pleasant,
Leece-street, Berry-street, Great George-street, and St. James's-
street. Leaving the baths, his Royal Highness will next
proceed to the Derby Museum, and thence through Slater-
street, Bold-street, Hanover-street, and School-lane, to the
Blue Coat Hospitul. His next visit in turn will be the
Sailors' Home, via Hanover-street, Church-street, Lord-
street, and South John-street. From the Sailors' Home,
along Canning-place, to the Albert Dock, and thence, after a
short stay, along the docks northwards to the Observatory.
On leaving the Observatory, it is understood that he will, if
time permit, visit the Sandon Graving Docks, the North
Battery, and the Industrial Schools. His first day's visit, as
has been already stated, terminates with the grand banquet
and ball at the Town-hall. Both of these entertainments will
be on a scale of great magnificence, and will be numerously
attended.

The following noblemen and gentlemen are expected to be
present at the banquet :—His Royal Highness the Duke
of Cambridge, the Right Hon. the Earl of Derby, the Right
Hon. the Earl of Hardwicke, the Right Hon. the Earl of
Ellesmere, (the newly-appointed lord-lieutenant of the county
of Lancaster), the Lord Bishop of Chester, Sir Harry Smith,
G.C.8., the Right Hon. S. H. Walpole, M.P., and the French,
Turkish, and Sardinian Consuls.

The preparations to give expression to the joy of Liverpool
in commemoration of the victories achieved by the Allies in
the Crimea have made rapid progress, and notwithstanding
the coldness with which the proposal for a general illumina-
tion was met in some quarters, the loyal spirit has been so
generally evoked as to give full assurance of a very brilliant
display in most of the leading streets and localities of the
town. The principal attractions will be those connected with
the public departments, including the Town Hall, which, as
already stated, will be brilliantly illuminated with devices in
gas

lights. The Custom House, Post Office, &c., will like-
wise present conspicuous and beautiful decorations in gas
lights ; while not a few of the chief mercantile firms and
leading tradesmen have completed arrangements for the
tasteful illumination of their premises, in various devices
of gas and variegated lamps.

Considering the facilities for striking and picturesque dis-
plays by means of variegated lamps, offered by the peculiar
architectural features of Liverpool, it is almost a subject of
regret that some general association for the display of these

means of illuminative decoration has not been entered into.
It would be no easy matter to conceive a more striking and
brilliant effect than might have been easily produced by hav-
ing festoons of lustrous diversities of hue sparkling from side
to side of some of our principal streets; or to witness the
architectural characteristics of some of our leading edifices
traced in the glowing splendours of many coloured lights.
Suppose for a moment that Castle-street, radiant with
the flood of gas lights which will stream from the
Town-hall at one end, and from the Custom-house at the
other, were divided at numerous intervals by festoons of
variegated lamps, stretching from one side to the other, and fur-
ther diversified in effect by a slight rising and falling motion
of the general curve of the festoon, which could have been
easily produced. Or suppose again that such an edifice as the
Cornwallis-street Baths, with its bold oriental tower, and long
sweep of flanking lines, were traced out in lines of green,
ruby, and orange flames, as might have been readily accom-
plished, would not such combinations have added immensely
to the variety and beauty of the display ? Such suggestions
tra7inaValrl;;f4Vato:4.lltle7gerraaPTblr
muni-
cipal authorities been effected.
The opportunity for carrying out such views has almost, it
is to be feared, passed away; still, by a little energetic action
on the part of a few, means might yet be devised for partially
effecting a portion at least of such a suggestion. A whole
day is still before the inhabitants of Liverpool, and all know
well the amount of labour which may be called into action
and completed by so energetic a community, if they once set
their mind to the work.

in the meantime, without speculating further upon what
might have been done, let us apply ourselves to the more
grateful as well as more gratifying task of recording a few of
the leading features of this great municipal rejoicing. The
Town-hall will be brilliantly lighted up with running streams
of gas-jets, the lines following the architectural character-
istics of the building, the form of the portico being successfully
represented, while the angle of the tympanum is to be occu-
pied by a star, and the freize being represented by festoons
and drops of gas-jets. The vast edifice containing the Cus-
tom-house, Post-office, Excise-office, and the offices of the
Dock Committee, will present a gorgeous display of gas illu-
mination, each of its four extensive sides being ornamented by
a handsome design, conspicuous among which will be visible
the words " Alma," " Balaklava," " Inkerman," " Sebastopol."
South and North Castle-streets are literally streaming with
festoons of gay and many-coloured flags, diversified by
illuminations in gas and variegated lamps. The
Exchange is gorgeous with an array of flags, banners,
and trophies. Water-street and Dale-street are likewise
radiant with flags and gay designs in gas and in va-
riegated lamps. St. George's-hall, on its eastern façade,
will present a noble coup d'wil, a range of gas illumination
stretching completely along and surmounting the magnificent
colonade, consisting chiefly of the words " Victoria," " Napo-
leon," and stars ; each letter of these words being six feet six
inches in length, and each presenting a lustrous mass of flame.
On each of the two pedestals at the north and south ends of
the flight of steps forming the base of the colonade, will be
placed a trophy consisting of the flags of the Allied armies,
surmounting in each instance a broad shield inscribed with
the names of the Crimean victories. The two pillars, also,
concerning the uses of which so much speculation has been
raised, will, on this occasion, be brought into service. They
are each surmounted by a globe four feet in diameter which,
during the day, will present the aspect of stone, but which at
night will show as globes of fire.

The Sailors' Home will be tastefully decorated and illumi-
nated, by flags, penants and banners and gas-lights. The
Cornwallis-street Baths are beautifully decorated by trophies
consisting of the standards of England, France, Turkey, and
Sardinia, tastefully grouped and interspersed with shields
and other armorial devices. The Public Library, in Duke-
street, will also present a gay appearance, its two fronts
being profusely decorated with flags and other similar devices.
The Pierhead Baths are likewise splendidly decorated by
flags ; and the Public Markets are also to be illuminated.

To attempt any enumeration of the private decorations
within the limited space at our controul would be impossible,
and we shall not make such an effort, although it would be
improper wholly to pass them over in silence. Among the
more conspicuous are those in front of the premises oc-
cupied by Messrs. Pilkington and Wilson, Water-street, being
brilliant devices in gas-gets. In Lord-street and Church-
street the decorations are numerous and beautiful, as well as
greatly diversified ; the more striking of them are displayed at
Milner's patent safe establishment ; at that of Mr. Wignall,
iron bedstead manufacturer ; at the premises of Mr. Mayer,
jeweller and silversmith ; at those of Mr. Hausburg, silver-
smith, &c.; of Messrs. Holden and Parker, upholsterers; Messrs.
Yates and Hess, engravers. There are also beautiful decora-
tions in front of the Athenaeum and Lyceum News Rooms.
In Hanover-street, the display of flags and festoons is
profuse and tasteful ; the premises occupied by Mr. Branch,
auctioneer, are lavishly decorated with flags and ensigns,
including a large and handsome Royal Standard, the Union
Jack, the French flag, the Turkish flag, and the Sardinian
flag. In Ranelagh Place, Mr. Ellis, upholsterer, presents a
grand display of flags, comprising those of all the Allies.
Besides those enumerated, there are many devices of flags
and illuminations presented in every quarter of the town by
the leading tradesmen, all of whom vie with each other in
giving expression to their feelings of satisfaction and loyal joy.
There are to be magnificent bonfires at the north and south
sides of the town, which will be lighted at six in the evening :
these will be succeeded by splendid displays of fireworks, in
the same neighbourhoods, commencing at half-past eight.
During the day bands of music will be, stationed at Lime-
street, and in other parts of the town. These will play from
ten in the morning till four in the afternoon.
To-morrow (Wednesday), His Royal Highness is to em-
bark at the Landing-stage, on board the steamer Countess
of Ellesmere, at half-past ten o'clock, for an excursion on the
river. Only a small party, comprising His Royal Highness
and suite, with the Mayor, and several of the authorities, will
embark on board the steamer, which will be accompanied by
the new Woodside ferry-boat Liverpool, having on board the
Birkenhead Commissioners and their friends. In the evening,
His Royal Highness will dine with T. B. Horefall, Esq., M.P.,
and will afterwards attend the grand concert at St, George's-
bail, given in honour of his visit.

CO3IMERCIAL and .IIONETARY :VEIVS.

MONDAY NIGHT.
THE week has been one of anxiety and confusion in
the Money-market, owing to another increase in the
minimum rate of discount by the Bank of England,
caused by the continued demand for gold for France,
but which created so much surprise that the Funds
have considerably declined, and the operations of
speculators for a fall proved quite successful. We have
commented in a leading article on the circumstances
which have most probably influenced this state of
things ; we may remark, however, that, notwithstand-
ing the evident indications of pressure, money for com-
mercial purposes has been comparatively abundant ;
and had it not been for the movement of the Bank,
and the uncertainty which prevailed as to the proceed-
ings of the Bank of France, the rates of discount
would no doubt have been easier. The Bank returns
on Friday show some rather important changes. Under
the head of " other securities" there is an increase of
no less than £1,406,485, showing the large demands
which have been made for accommodation. The reserve
of notes unemployed is reduced by no less than
£1,091,245, leaving it, however, at £6,195,570, the
large reduction being accounted for by a decrease in
the stock of bullion of £329,679, and an increase in the
notes in circulation of £764,250, which, together, make
the amount within a fraction. The other changes are
comparatively unimportant. With reference to the
extraordinary demands for gold by the Bank of France,
the limes of Saturday, in its City article, says :
The mode in which the greater part of the gold sent from
this side has been obtained by the Bank of France is asserted
not to have been by accommodation paper between the houses
employed in the transaction, but simply by their clearing the
market of all the bills and bank-notes on London that could
be procured. The whole process therefore appears to have
been has follows :—The Bank of France proposed to the house
of M. St. Paul, of Paris, to pay a high price for a certain
amount of gold ; this price was such as to enable M. St. Paul
to give high terms for draughts on London, which were ac-
cordingly bought up in all quarters and transmitted to agents
on this side, with instructions for the proceeds to be remitted
to Paris in gold. On the gold being taken to the Bank of
France the payment for it to M. St. Paul, of course, took place
in the notes of that institution,' and in this way the affair of
the first £3,000,000 was accomplished. But it is not to be
supposed that the amount of bills naturally obtainable in
Paris would have furnished the full supply. The artificial
prices offered attracted bills from other quarters of the conti-
nent, and thus the remittances have probably been composed
of all the floating claims on London that could be transmitted
to the Paris market from the trading ports of Prussia and of
other neighbourino. countries. Whether the negotiation of
the remaining £1,000,000 was managed in the same way is
uncertain ; but, assuming even that the whole £4,000,000 has
been so obtained, it may be regarded as the withdrawal of an
amount which must, sooner or later, come back. If, for in-
stance, the average total of claims on London afloat on the
continent of Europe at all periods when the rates of exchange
are not against us is £10,000,000, and that average be suddenly
reduced by £4,000,000, our position in relation to the conti-
nent is precisely to that extent better than in ordinary times;
and, while the average is being allowed to regain its former
aggregate, we shall derive the benefit of retaining £4,000,000
that would otherwise, in the course of trade, pass through,
instead of stopping in this country. Doubtless, if all the ne-
gotiable claims of England on the continent were suddenly
collected together, and sent over for realization in the same
r manner as the claims upon us have now been accumulated
and presented, we could at any time draw thence an equal
or much greater amount, and it is the advantage of the raising
of the rate of discount by the Bank of England that it pro-
motes in a legitimate, instead of an artificial manner, a process
of that description, inasmuch as by rendering money scarce
it induces the commercial Isommunities to call in from abroad
every amount that may be available.
At Manchester the commotion in the Money-market
has had a depressing effect, and business has in con-
sequence been brought almost to a stand, with a
decline in the prices of yarns ; but manufactured
goods, which are chiefly for the American market,
continue in good demand. In the Woollen trade,
although the upward tendency has been checked,
former prices are maintained, and as winter approaches
there is every probability of a good amount of busi-
ness beingdone. The Hosiery and Lace trades are
also in a favourable position.
Messrs. T. and H. LITTLEDALE and Co., in their
circular published to-day, make the following general
remarks :
Six weeks of more splendid weather for securing the entire
harvest of this country was perhaps never witnessed than from
the middle of August to the present time. This has been a
vast boon, as well in repairing some of the previous damage
done to the Corn as in staying the disease in the Potato crop,
and for a while seemed to remove the apprehension of a
deficient harvest ; but since the thrashing has commenced, the
yield is found to be short, and a large decrease on last year
can no longer be doubted. Against this, however, is the fact
that last year's crop, aided only by an import of 4,600,000 qrs.
of Grain and Meal of all kinds for the first eight months of
this year against 6,950,000 qrs. in the same period of 1854,
has given at least thirteen months supply, leaving only eleven
months to be supplied out of the present crop —equal to a de-
crease of one-sixth—in addition to this, there is the large
orftwehatbtfmr'ultifYir gifamalk- itamtrzntit-tne-stippy
of Breadstuffs is still deficient, all fears of actual scarcity must
be removed by the large shipments to come from the United
States, whence we received nothing of moment last season.
Prices will continue to rule high, but we think they will pro-
bably reach their maximum before the end of the year, after
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prices remain about the same, with the single exception of
Cotton, and in this the cause of decline is rather the anticipa-
tion of a large crop than the effect of tight Money.
On the present position of the Money-market they
say :
The extraordinary decrease in the stock of Bullion in the
Bank, amounting to Five Millions in the last three months,
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the East Indies. But it is said by some to be entirely owing
to the war drain.—Why, then, was it not felt in the first five
months of the year, when the Bullion increased one million
more than it has now decreased—say, from £12,162,000 on
the 20th January to £18,109,000 on the 23rd June ?—or, if it
is really caused by the war drain and the state of the Bank of
France, why were not these actions foreseen by the directors,
to prevent them making the last uncalled for reduction from
4 per cent. to 31 per cent. at a most critical period of the year.
The extreme suddenness of the movement has, no doubt,
added greatly to the anxiety of the Bank and the public at
large ; but now that the cause is pretty well ascertained to be
the heavy purchases of Bullion by the Bank of France,
amounting, it is said, to £4,000,000 sterling, and the increased
exports to China and the East Indies, amounting to £2,600,000
in the last three months, against £1,400,000 for the same period
last year, that anxiety must be greatly mitigated by the know-
ledge that the borrower must shortly become the re-payer, and
that if we are not actually indebted to France these four
millions, the commercial principle must triumph eventually
over any mere financial scheme, and the money find its way
back to this country. The sound position of commerce, and
of the trade of the country generally, with the comparative
scarcity of mercantile paper, must also tend greatly to
strengthen confidence in the future.

Our SHARE-MARKET has been inactive all the week,
and prices have fluctuated within a range of about
one-half per cent. The further raising of the rate by
the Bank has tended to discourage speculation, and
purchases for investment are prevented, from an
apprehension that prices will be lower, from the rise in
the value of money being adverse to a renewal of
loans on moderate terms. Great efforts are being
made to dissipate the -late unfavourable statements
respecting the London and North-Western and other
companies, but no official statements have been issued
with figures, which alone will now satisfy the public.
Local stocks are steady and in active demand ; in
these alone at present is confidence placed. This day's
prices are—Caledonians, 301; Eastern Counties, 91;
Lancashire and Yorkshire, 75* * 6 51 1; London
Stock, 92 1* ; Midland Stock, 64-1 8 -1 1 • South
Eastern, 17*; Manchester, Sheffield, and 'Lincoln,
£lO pref. shares, 12* ; Dutch Rhenish, Id ; Bank 'of
Liverpool, 23*; Union Bank, 111.

COTTON.---Notwithstanding the difficulties in the
Money-market, which tend to paralyse speculation,
there has been a fair amount of business doing in
Cotton, owing to spinners having continued to supply
themselves moderately ; but holders having offered
stocks freely, prices have slightly declined, say from
1-16 d. to id. per lb. The sales for the week up to
Friday amounted to 40,880 bales, of which 1,740 were
taken on speculation, and 5,750 for export, leaving
33,390 for the trade. TO-DAY, the advices by the
Africa were received, and stocks were again freely
offered ; but the demands of the spinners were to a
fair extent, and the sales amounted to 7,000 bales,
including 1,000 for speculation and export. Prices
were, however, barely maintained, though no alteration
is made in quotations. The following is a comparison
of present rates with those of the corresponding period
of last year :---

1864 1855
New Orleans, middling
fair
Upland, middling ....... ........... -16 5f
fair ........
PEoDucE.---The Sugar market has been quiet, but
without alteration in prices. In Coffee no change.
For Tea a good demand. In Rice a fair amount of
business done. Rum 2d. per gallon dearer. For
Tallow a good demand, at 61s. for P.Y.C. TO-DAY, our
Produce markets generally have become flat, and of
Sugar we have only to notice 330 bags Bengal, at 455.
to 455. 9d. for Dates, and at 465. 3d. to 465. 9d. per cwt.
for Benares. 20 puns. Jamaica Rum are reported at
4s. 6d. per gallon ; 110 puns. Antigua and St. Vincent
have also been sold, bnt the prices have not transpired.
The Tea market continues steady, with a fair inquiry

for medium Congou and Gunpowder at former rates.
The sales in Coffee are confined to 100 bags Native
Ceylon at 525. per cwt. There was no disposition
evinced to purchase the Rice offered by auction, and
the whole was withdrawn. The public sale of Jute
went off heavily ; 700 bales have, however, found
buyers at £l5 to £2O 10s. ; also 500 bales Manilla
Hemp at £4l, and 100 bales Bombay at £22 per ton.
2,050 bags Calcutta Linseed, to arrive, have been
purchased at 725. per quarter, c. f. and i.
WOOL.—There has been very little doing in the
Wool trade since our last report, purchasers having
stocked themselves freely at our late public auction.
The next series of public sales in London are fixed to
commence on the 18th instant ; the quantity of
Colonial and other Wools which will be brought
forward has not yet transpired. Stocks here of all
descriptions are unusually light. The imports for the
week are 1,504 bales Mediterranean, 386 East India,
237 Portugal, 92 Buenos Ayres, 12 Irish, and 20
coastwise ; total, 2,251 bales.

TIMBER.---MeSSM. HOLME, SLATER, and Co., in
their monthly circular, say :
The arrivals into the Mersey, containing timber from British
North America during the month, are 53 vessels, 37,894 tons,
against 52 vessels, 48,323 tons, for the corresponding period
last year. The principal proportion of this tonnage has been
employed in importing deals from St. John, &c., timber in logs
being only a small item, as mentioned in our last publication.
Square timber of all descriptions has advanced in price, while
deals have receded a trifle in value. This is most singular,
when we contrast the price of the two articles, and shows that
it is not the comparative rates that governs the value of the
article so much as an excess or deficiency. The consumptive
demand during the month has been very active, owing, no
doubt, to the idea that prices for Quebec pine are likely to be
higher. The prices for St. John pine are well maintained, the
supply being scarcely equal to the demand.

_ .•
METALs.---The- market is without any important
change. Scotch Pig Iron, 795. to 80s. Manufactured
Iron in good demand at the late advance. In Tin
there has been a reductive decline of 3s. on common,
and 4s. on refined. Copper much in demand, without
change in price.