The Northern Daily Times.
Liverpool, Merseyside, England, 1853-11-07 00:00:00

COMMERCIAL INTELLIGENCE.

(From Rio Mercantile Journal, Oct. 8.)
REVIEW FOR THE MONTH.
Moderate imports, sales of these to a fair extent, a full
average inquiry for coffee, at advanced prices ; considerable
business in exchange and increased facilities in the money
market were the cuaracteristics of the month.
The Chamber closed on the 25th, and as we apprehended,
without having considered the vote of the Senate against
monopolies, thus affording ailment to an evil working sys-
tem—a system prejudicial to all classes—beneficial to no one
class of the inhabitants of this empire. In support of the
position we have all along taken upon this important sub-
ject, the several national journals have copied from a provin-
cial paper an announcement on the part of a firm—one of
the leaders of the convention, to the express effect that,
whilst they are at the same time dealers and importers, they
supply . parties in the interior, or in other words, do that
which is expressly prohibited by the convention, and against
which proceeding on the part of importing houses, the con-
ventionists issued their bann. If any evidence be, after this
fact, requisite to induce interference against anti-free-trade
principles then, indeed, is the case hopeless—then, indeed,
must consumers cease to expect to purchase at moderate prices
whilst each successive government will have to witness a reduc-
tion in the amount derived from the duties on imports, the princi-
pal source of the revenue of the country. The new National
Bank shares are sought after with great avidity ; the amount
left- for distribution, atter the allotment to the two banking
companies, and the shares reserve for the Provinces is
$6,000,000, the applications for shares amount to nearly
$50,000,000.
Parties are already actively canvassing for the Direction.
Let us hope that the only means to render the Bank of Issue
useful and advantageous will not be lost sight of, and
that the election will be in favour of those who are best calcu-
lated by honesty, honour, integrity, judgment and experience,
to promote the advancement and insure the perpetuity of
this vast establishment.
MONEY.—Discounts
per pent. T
Discoupnptswerehoßanks abundant,
reduced
the
their
current rate
ratesf
ll
fromfronl Bto 7 per cent. late in the month. Tn reason upon
the cause of the decline would be of no utility, nor could we
explain the rapid change from an extraordinary scarcity to
an abundance equally extraordinary and, possibly, more
dangerous. We have ever depreciated the excessive fa-
cilities afforded, and the consequent inducements to over-
speculation; let us hope not to see a recurrence of embar-
rassments with which we were threatened in May and June
last.
EXCHANGE.—The fluctuations were not considerable, the
extreme quotations having been 27tc. 284 c. upon London.
IMPORT MARKET--PaovisioNs—Btter—the earliest prices
of Irish were 560 to 580 rs., but soon as supplies began to
diminish, the value improved to 640, and although sales
were subsequently effected at 600 to 620 rs.; 640 rs. was the
general quotation, and the price paid for 900 firkins ' • the
united sales having amounted to 1400 firkins. French con-
tinued in bad repute ; 360 rs. were paid for an assorted par-
cel, half firkins alone having been taken at 500 to 460 rs.
per lb. Cheese-1$ 600 cash, and 1$ 200 for ordinary were
the sale prices cf those imported per steamer ; 50 boxes in-
ferior from Antwerp sold at 900 rs. each.
FLOUR—Moderate stocks in first hands limited arrivals
early in the month, and a continued demand for re-export at
sustained prices. There have arrived 9208 barrels Balti-
more, 2360 Philadelphia, 10,593 'I rieste, 100 Marseilles, and
100 Belgian. The sales have been 8636 barrels Gallego,
generally at 18$ 500 ; 10,483 Baltimore, of which 6500 for
re-export, 13$ 650 to 12$ 250, and ordinary at 10$ in bond,
and 16$ for home consumption; 4057 Philadelphia, at 13$
600 in bond, and 14$ to 14$ 750 for ordinary and caked;
3263 Southern, at 16$ 500 to 17$, and ordinary 10$ in bond ;
7093 Trieste, at 14$ 750 to 1.4, and at about 19$ 294 Mar-
seilles, 13$ to 13$ 500, and 100 Belgian, at 19$.
COFFEE.—EXPORT MARKET.—As in the preceding month
contrary to every reasonable expectation, the transactions
were important, and prices advanced '2OO rein. Early and
until late in the month, the quotations were almost without
variation, but soon as advises to 24th August were received
by the Brazilieria steamer on the 21st, an improvement of
100 refs was noted, and on the 26th the highest prices were
paid there, having prevailed since.
The sales were of importance on the 12th and 14th, but
the most extensive occurred from the 19th to 25th, alter
which period supplies were less free than they previously had
been.
The earliest quotations for assortments were, for Europe,
45400 to 45200 ; for the United States, 45200 to 45300.
The latest were, for the United States, 4000 ; for Europe,
45400 to 45500. Parcels of choice superior and good
firsts, 45600.
Of the sales of the month, 54,600 for the United States
13,800 Mediterranean, 87,600 North of Europe, Channel,
&c. Of the whole about one half new.
SUGAR.—Arrived, 1,550 cases, 12,000 brls. and bags
Campos. 16 cases, 600 brls. Maceio. 500 brls. Penam.
Sales for Export.-130 cases, 300 brls. Campos, at Is6oo
to Is9oo. 50 cases Bahia, Is4oo to ls9oo. 13 cases
Maceio, at 1000. 250 brls. Pernam, at 2sBoo.
For consumption the sales consisted of 140 cases, 650
brls., &c.
HlDES.—Unimportant arrivals, and except somo small
lots the market was cleared at 230 for heavy, 250 medium,
light and heavy, and at 270 for light weights.
JERKED BEEF.—The arrivals were very limited, and the
stock; which at no, period exceeded 58,000 arrobas, consisted
on the 30th, of 18,000 arrobas, Rio Grande ; 44,000 River
Plato. Prices from 35500 to 3sBoo, and $3 to 35700 im-
proved, and closed at 3sBoo and 45400 for both descrip-
tions.
FREIGHTS.—The several purchases of coffee gave an
impulse to this market, and business to some extent was
effected, principally for the Channel, the United States, and
Mediterranean. The extreme rates paid, were 35 and 455.
for the Channel, 40s. and 52is. Mediterranean, 50s and
555. New York, 70s. and 80s. New Orleans ' • 55 francs were
paid for Marseilles, 40 Havre, 4215. Antwerp, 25 for
Liverpool, 30 for London, and 60 for the Baltic. Several
vessels were taken for the river Plate direct, and via Santos,
one for the Mediterranean, via Santos, one for Australia,
one for California. •

PERNAMBUCO, 15th Oct., 1853.
noun.---Receipts, since our last number, (21st ult.,)
have been confined to three cargoes, viz., one of 3000 bris.
Old Richmond Country, per Louise and Caroline, and two
3689 ditto Philadelphia per William Price and John Far-
num ; former went to Rio, latter have been landed for retail.
Demand has been moderate throughout the month, and prices
have ruled with scarcely Any variation at our last quotations.
The cargo of Trieste flour alluded to in QUI LW, TOW Odd at