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

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,A 1
,mrTiTcpE
.RD o_s

KitierpoofTHE

, _
THE PRICE OF FOOD.

present state
isot 0,
and evident satisfaction' at the
o f TARgEr i cfula farmers,
er
re
8,
,aarne and those
et ihnogs e
tauntedinteres t
Their meetings no longer resound with comp
the evils inflicted on them by Free-trade, and,to
summoned as competent witnesses to test: 00
wisdom of Whig commercial policy. As 1,0
members of the Landed interest are cancel foriii
may be well content with things as they arti,,,
have had abundant crops and high prices's:2)lo'j
tion deemed almost impossible; but what °'
f
ste
tpttsdds ohautriurltoepetii
ntr:coel,etill
:03eets,
idih,eih:deawiacvumshlaoevpipni
alecblogbshpeereeietioestanos fnihtrtoimroitofofeihnaionalert.uldhi
enormous
Nemehhillidiinaa.aoe;;Oroeecapebhnlajene\fl,sedi
ueacatitecijouri:
fvea
jeaLtseixtenier
,03 le
.cone,dt.
exports
I it
hdo
ieoe lord:
forep
he
tinent, and abundance of cheap food? N,eitoi 44
wed:tthbeierpeq?
the
price was made the criterion for filill;ffloirre•
who were the instigators of the viol": 'tile 1%0:2 I
s.
cheap food, and all that they have r'fitl3ll°o'
derable augmentation of their expense`
markets for their goods, except such,,,,
gained by gold discoveries and
Ofr

After two succeeding harvests, itP:di
abundant
oN more than
in quantity
eightyantitya shi
and excellent
gellsi a let: ;et, Iletatr
is if
during the whole time in which the slialrif
the law of the land, it averaged only' Or 0i 4;
a quarter. The Free-traders prornisecif,
shillings, and the result has been double "Too!'
so that, like Whig additions to the taii/4
have led to a decline of the revenue, freea,°0
,4?
tation of corn has led to an enhancemen" , i
We were told that the fertile valley of the
would virtually be placed alongside the .00 of
Blanchester, and that the interchange of ett
redii
would be carried on to an indefinite ev-
yield of the American harvest has been us a/ii
for abundance; but Yankee traders under
s ortij
values : they can appreciate hard dollars'.4tf;
prices are regulated by ours, so that the Pw'e 0114
be on the side of the producers. Thus 41,
the conditions which should have 0'01; i
ill V
prosperity, according to the Manchester
prop
unfortunately for the reputation of the Prvr a
realisation has been directly the reverse. he qie#l
Yet, whatever may be the merits of ! ropeo:01,1
as far as they concern the supporters or 0 , °f';_,,
any particular line of policy, the consul:l3l,6o II id
which are indeed the whole population--'-'t (Poi
and large interest in the present priced,. tol
flour but also of other necessaries. 1,11.4. aft° 11
ates not only surprise but vexation, tujiin'' erilld
abundant harvests, with accounts frneifice of ,ir
crop unequalled in magnitude, the P'adiat9
should be maintained so high with no 0;,,, the rdif
pest of any reduction, if we may judge 01 tyt
fluctuations which take place in the seL tS ,er •
markets throughout the country. Is it Vie,
abundance of capital and facilities for ob„oe,,
commodation have encouraged speculatele4kP ;et
knowing that necessity will compel rq-ce .bos di
the price demanded ? or, is it ‘rgt.4l,e Orli° 0
affirmed, that the trade has got into
markets ibrf
0
Greek merchants, who controul the F asiDess - ty
sole object of their own gain ? If tille,.ce off:i1)0
money-market has augmented the P". 1 ratheo
late rise in discounts will prove berleficla,leP to the P¢ of
otherwise ; for it is of more real intereSvb rice, v
at large that bread should be at a reasenai,oognt ',
with money at five and a half per on%; It)?
that money should be cheap and bread ue Of t
seem that the bounties of Providence' the li:fli
merciful profusion, are shut up from e 059
amore , 04/
through the cunnincr devices of man,
enrich himself than to feed his neighborso
iiiii
the scheme of commercial policy, which `'lv,ifoetAt 't
contrived for the especial benefit of the wrest, he'd'
to the detriment of the agricultural intethe teirt
retributive justice, produced effects exactly otere.o
The clamour for cheap bread has been:ce illr i
dear bread ; and those who would not Wee pie V/
object of protective laws was to prcat:ctioV
encouraging home-growth, must, by this if p
discovered that, notwithstanding all the the
theories freedom of importation is not e.,,,,
means of obtaining either plenty or cheal:al
........-.—.......
~,f;
THE MONEY MARA-- 0
-
- , to
is-f-
troyc

ANOTHER step has been made towards tbf
difficulty which has been so much (11 IV
price of the Funds, which is usually 00.,0,
pulse of the money market, has again As,OccgeciP,
Bank of England has once more aviDee"c?
minimum rate of discount, but, though. c°ol Ol
td
such a movement is naturally to restrle ,e DV
resources, it does not seem as yet to o:ity, 00
unfavourable results on mercantile seciltiseetilli
alarm was necessarily excited at the el°
alI oeITI
t
upon the resources of bullion, withoo ocnit
foreign d
cause to judge from the state of ,i bad tee
but it now appears that the Bank of FII" the t9
id to Ceft)
arrangements for the purchase of g°' ;iitete il
reference to the war ; and it
of four millions sterling, in order to lac' bablf V
tore the
money operations in that country' fr, ted • el;
re .ael°
payment for the Turkish loan is being ri 0".„,&;'
without having recourse to the orailo til'ie ail
exchanges. These circumstance would; del:t 0 the,
sufficiently account for the continued; b" oeth'
51* c'
stock of bullion in the Bank of Erg got the 0
.f 11 atp 0
demand is believed to be nearly, 1 , 01 „gee,
is also ° Ade 0 o•
supplied, the demand must soon eea's-' the r atly.
1 bi be 11 01
ceeding decrease be occasioned era be the h¢
Vro be
of the dividends. But, whatever ttlaYi, of fr ot
t.,
or extent of the operations of the Barges, it 1/300 r
even the payments for warlike purli°` pecie eter
roue or i)1 0 Y
evident that the alienation of so 3or f t
trade
I 4. 0 e
but temporary. In the course of the
AO
the Pa.' war; ,p•
sarily return to this country in for tlie 1110
large supplies which are furnished ricoWay
any se en V
as there is no reason to anticipate i the ,„ t
.Which ''''' ..i.forp'" Y
enora
c._.euvastar'
„rarill
tion in the quantities of gold
~,,,d Cu•ii ,mot
this country, both from Australia 7._,. It Ploti
remembered
though.b 11, • .1). tex'artore 1
esmurbeeic.eadn
that be but of
is
after all
aditr
bautilt:avvr3riesseet;setijc
of wealth, that the large disedverously to the 111
ifielv,•
circulation, years iii us t a
ihl
davteh addedat
distil utiuc_ to r 0
have occurred to render the
13 t)
ioc
to its level. dded f° itiip
• h has a is pa 014
Of all tilt vast outlay whic
unequal, a very brief period
eat P""°l' 01104
the national expenditure, agr and coo
of itt
our own merchants and shipowners ;
..
its
loan will find
pill' V
paid to Turkey for the t Oil
to that
i toore
.t
again in return for our exports
a to
~ep
all monetary panics the market'vi
_. e
folio t 0
6,
feeling than by facts, and this
isi's 11 I)
we stated losf hetes,
case in the present instance.
reserve
to v o
the Bank of England has a large , knoWn 101
the ' of gold are not ,
many large consignments as it illal .ssi°ll
their way from Australia, and
i„ the trans
before there will be a reaction must sufla 0