The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-08-07 00:00:00

COlll-11E1?CIAL and MONETARY NEWS

MONDAY NIGHT.

THE FUNDS have so long and steadily maintained
the same price, with so little variation, that it would
seem as if they had reached the standard of value, the
fluctuations being a mere, fraction below or above 91.
On Friday, however, there was a sensible improve-
ment, arising, it is said, from the intelligence that a
special message had been despatched by Louis
Napoleon to the Court of Vienna, with reference, it
was supposed, to the revival of negotiations for peace ;
but it may have been partly owing to the propo-
sition of the Chancellor of the Exchequer for
additional funds, involving no new taxes ; indeed,
nothing more than an extra issue of Exchequer Bills
and Exchequer Bonds. Money, for commercial pur-
poses, has not been so easy, owing to the demand for
the deposits on the French Loan; but as the greater
portion of this will be returned, the pressure will be
but temporary. It has had the effect, however, of
raising the rate of discount from +to 2 per cent. It
is this which may also account for the decrease in the
stock of Bullion, which, according to the Bank
returns on Friday, amounted to £258,760, and for
the decrease in " other deposits," which was no less
than £1,720,671. The other changes ate compara-
tively unimportant. The receipts of specie since the
date of the returns have been large, so that, notwith-
standing the demand for the Continent and the ship-
ment of specie to the tad, there is no immediate
prospect of any change 'of consequence in the abun-
dance of capital which has prevailed for some
time past.
There can be no doubt that a diminution has taken
place in the extent of commercial transactionsnot only
from the stoppage of trade with the Baltic and the
Black Sea, but from the cessation of the speculative
demand from -Australia and the United States, and
the im
i inense amount of merchant shippieg still occu-
pied n the 'transport service. On the other hand, it
is evidentihat the littsiness actually done has been
of a bona . Ale character, and, as the fluctuations in
the prices •of most articles in general consumption
have been lint moderate, the position of the mercan-
tile world presents:little cause for apprehension.
In Manchester trade has been dull, but the more
favourable accounts from India have opened a pros-
pect'Of improvement which may operate favourably
on' other branches. In the Wodlen Trade there is
•a, very fair amount of business doing, but complaints
:are still made of the high price of the raw material
mot leaving a sufficient margin of profit for the
manufacturer.

The return from the Bank c,f England for the week
ending • the 28th of July giv-s the following results,
when compared with the previous week :

Public Deposits ... £4.221,408; Increase ...£1,043,375
Other Deposits ... 11,885,528; Decrease ... 1,720,671
Rest ... 3,256,786 ; Increase ... 4,483

On the other side of the account :
Government Securities £18,092,528, Increase ... £20,f750
Other Securities .. 12,913,262; Increase ... 207J:54
Notes unemployed

The amount of notes in circulation is £20,96045,
being an increase of £191,980, and the stock of
bullion in both departments is £16,385,392, -shelving
a decrease of £258,700, when compared with the
preceding return.