The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-07-26 00:00:00

COMMERCIAL AND MONETARY NE JI S.

MONDAY NIGHT.

THE doubts which existed as to the settlement
of political differences in the East having been in a
great measure set at rest by the tenor of the recent
telegraphic despatches, the funds have sensibly
improved in value, but not to any great extent,
owing to the uncertainty which still prevails with
reference to the evacuation of the Danubian pro-
vinces by the Russian troops. This improvement,
slight as it is, has had the effect of preventing
exchequer bills sinking below par, a fate to which
they were hastening, notwithstanding the small
number in the market. The returns of the Bank
of England show another large decrease in the
stock of bullion, but the subsequent arrivals of
gold from Australia, will, no doubt, cause the next
accounts to present a different appearance. Trade
on the whole may be considered in a satisfactory
state, there being a slight improvement in the
markets for articles of general consumption, while
the amount of business transacted has been but
moderate, and the absence of all demand of a
speculative character has tended to maintain that
confidence in mercantile stability which is so es-
sential to a healthy state of monetary affairs.
Money has consequently been easy for commercial
purposes, and the tendency is to still further im-
provement, while the value of almost all descriptions
of investments has been on the advance.

The intelligence received from Australia shows
that, notwithstanding the extent of business with
that rapidly-rising colony, we have by no means
kept pace with the demand for our industrial pro-
ducts, and our merchants are blamed for not earlier
foreseeing the immense supplies which would be
required for a population increasing by hundreds a.
day, and the majority of whom were earning extra-
vagant wages. It appears that English goods of
almost all descriptions have been selling at rates far
beyond their intrinsic value, caused simply by the
demand being so far beyond the supply, and the
ample means of the numerous purchasers. The
news has already infused a better tone to the Man-
chester market, and must have a sensible effect
upon our export trade in almost every department,
as the reports of the regular and increasing sup-
plies of gold and other valuable minerals lead to
the conclusion that the demand will not only be
permanent, but still further increasing. Such a
result of the emigration of last year must operate
in a very material degree upon our home trade, not
only in extending the commerce of this port, but
in promoting our various branches of manufac-
turing industry, as it is clear that with such a pros-
pect there must be a considerable amount of
exportation to Australia, even if emigration should
cease,—a circumstance by no means probable,
considering the temptations which are held out to
the industrious to improve their fortunes. Indeed,
it is more reasonable to suppose that the desire for
emigration will revive after the check which it has
recently experienced, and that our shipowners will
shortly be laying on more vessels, in the full confi-
dence that any deficiency in the passenger trade
will be amply compensated by full cargoes of
goods. A letter which we published last week from
an intelligent resident in Sydney to a gentleman in
Liverpool contains some valuable hints not only as to
the sort of goods in request, but also cautionary as to
the many schemes of gold-finding companies. It
would appear, however, that, notwithstanding the
ill success of the companies, individuals are still
making large gains; and that the railway, which is
being vigorously proceeded with, is likely to
develope still further the resources of the country.
Such reports coming from disinterested correspon-
dents must have a considerable influence upon public
opinion in this country.
The return from the Bank of England, for the
week ending the 16th of July, gives the following
results. when compared with the previous week :
Public deposits .. £2,332,814 ; Decrease £1,620,516
Other deposits .. 13,422,004 ; Decrease 86,609
Rest .. _
_3,240,220 ; Increase 30,083

On the other side of the account—
Government securities £13,757,333 ; Decrease 740,000
Other securities .. 13,064,310 ; Decrease 615,893
Notes unemployed .. 7,661,795 ; Decrease 440,025
The amount of notes in circulation is £23,858,060,
being an increase of £Bl,OBO ; and the stock of
bullion in both departments is £18,023,348, show-
ing a decrease of £240,326, when compared with
the preceding return.
There is still great inactivity in our SHARE
MARKET, but the tone of it during the past week
has been decidedly firmer, with an evidently in-
creasing inclination to do business on the part of
the public. Let this Eastern question be settled,
the pressure upon prices would at once vanish, and
a considerable improvement at once take place in
all securities in this market. To-day's quotations
are—Chester and Birkenhead, 21; Eastern Counties,
13; Lancashire and Yorkshire, 78+; London Stock,
116+ lc ; Midland Stock, 72+; North British, 8+;
Dover Stock, 21-i / 1; York, Newcastle and
Berwick, 17+; York and North Midland, 301;
Royal Insurance, lip.
COTTON.—The improvement in this market,
which we noticed last week, has been still further
enhanced owing to the accounts of political affairs
in the East being considered of a more favourable
character. The sales, which up to Tuesday last
averaged 8 to 10,000 bales daily, reached 20,000 on
Wednesday, at firm prices, strictly middling Orleans
being worth 61d. per lb. The stock of American
cotton is now very little in excess of last year, while
the quantity afloat is less ; and, as the largest quan-
tity consists of low and partly unsaleable qualities,
there may be considered an actual decrease as com-
pared with the corresponding period of 1852.—T0-
DAY the sales were about 10,000 bales, of which
1,500 were on speculation, and 2,500 for export.
The news of the growing crop, though still unfa-
vourable, has not had much effect on this market,
which closed firmly without alteration in price.
PuonucE.—For Sugar, the demand continued
limited, and the sales only amounted to 750 hhds.
8.P., at previous rates, and 500 bags Cossipore at
4ls 9d per cwt. For Foreign, but little inquiry.
Molasses difficult of sale. For Coffee, very little
demand, and only 80 tces. Jamaica, chiefly of ordi-
nary quality, sold, with a small parcel of fine ordi-
nary St. Domingo, at 44s per cwt. Of Rice, 250
tces. Carolina sold at 24s 6d to 255, with 7,500
bags Arracan, at 9s 9d, chiefly to arrive, and 2,000
bags Bengal, at lOs to lis 9d per cwt. for broken
to good white. Rum in good demand, at steady
prices. Tea : The trade show more disposition to
purchase blackish leaf Congous from 1s 1d to is 3d,
the extreme firmness of holders has, however, re-
stricted operations ,• transactions, generally, have
only been to a moderate extent ; quotations for all
descriptions, except common Congous, are well
maintained. Saltpetre in better demand, and fully
2,000 bags sold, at 25s to 27s for 81 to 5 per cent.
refraction, being 6d per cwt. higher. No change
in Nitrate of Soda. Of American Rosin, 1,200
brls. have been taken, at 4s 6d for common, to
9s 6d per cwt. for the better descriptions. In
Hides, a fair business at late prices. Olive Oil
more inquired for, and about 70 tons sold at irre-
gular prices, but on the whole in favour of the
buyers. Small sales of pale Seal and Cod Oil at
former rates. Pale Rape Oil continues to improve,
36s up to 37s 6d having been paid for fine Foreign;
for Linseed Oil there is more demand, and 29s 6d
per cwt. has been paid. Spirits of Turpentine, in
small parcels, sell at 48s per cwt. The sales of
Palm Oil are 400 tons on the spot, at rather irre-
gular prices, ranging from £36 5s to £37 10s, and
300 tons to arrive at £37 to £37 lOs per ton. The
Tallow market is a little flatter, without any ma-
terial alteration in prices, Petersburg Y.C. selling
at 545, North American, at 535, and South Ame-
rican, at 503 to 535, according to quality. An ac-
tive demand for Jute, and an advance of 20s per
ton is readily paid. TO-DAY, the markets pre-
sented no features deserving of particular comment.
Sugar was worth full as much money; but in Tea
there was an evident indisposition to delay pur-
chases for lower prices, but holders were not in-
clined to give way. In other articles nothing doing,
beyond the demands for immediate consumption.
Wool..—The business of the past week has not
been very active, but the little better feeling noticed
in our last week's report, has continued to charac-
terise the market, and the favourable progress of
the London sales—which have advanced a shade
on the opening prices—has also in a slight degree
tended to check the downward tendency. The de-
mand for almost all descriptions of Wool continues
very languid. Imports for the week, 2,606 bales,
principally from the Mediterranean ports, Russia,
and Portugal.
TIMBER.—From the Circular of Messrs. A. F.
D. and Mackay we extract the following :
The import of colonial wood this season has far exceeded
any previous on record, the tonnage being over 100 per
fsolde;ehowever,
cent. r a
e vin from
Lawrence.
e ea xg.
bcetee
has,
tnseoe g ov
20-Id.gef
dur a
lye last yafaooetr
ragt
proh
8,
ree as lar0
ge
aciar pvyuoeienrrbatgeigocefn average, 69
arrivalso6oi
m9nff r
etoflhemshee
tai
dvnta.ehcvrfeeoebrraeasse4getni,
having been sold at 20d. per foot, and 73 feet at 191 d.
St. John pine has been sold at for 161 inch average 224-d.
per foot, and 171 inch average at 23' d.. with deals at £9
per standard. Quebec oak sold from the quay at 23d. to
2s, 3d. per foot, according to size and quality • 90 feet
average brought 2s. Id.;
article will fall in value here, imported.
largeurnleasyser:pgaer,in2gty 3d.1 This
Elm and ash; its former 12111 been old at 201 for 40

THE NEW YORK CRYSTAL PALCE.

In its general appearance, as well as the materials em-
ployed, the building resembles the Crystal Palace of Hyde
Park, but in the details of its construction it departs
sufficiently from its prototype to make it quite a new and
interesting object. Its form, as the Germans would say,
is that of a Greek cross, surmounted by a dome at the
intersection. The length of each diameter of the cross,
according to the official description, is 365 feet 5 inches,
and the width of its arms is 149 feet 5 inches. In
length, therefore, it corresponds, with the number of
days in the year. But, although the form is that of the
cross, the outline of the ground plan is more nearly a
regular octagon. By ingeniously filling up the triangular
intervals between the arms of the cross, with a lean-to of
one story, 24 feet in height, the space of the floors has
been greatly enlarged, and the most available use made of
almost every inch of the site. The slight architectural
defect which this arrangement occasions in diminishing the
perspective of the interior is amply compensated by the
substantial advantage of more room. The slender but
graceful columns of the interior divide it into two prin-
cipal naves, each 41 feet 5 inches wide, leaving at the
centre, just under the magnificent dome, a noble octagonal
space, 100 feet in diameter, which is appropriately occu-
pied by the colossal equestrian statue of Washington, by
the Baron Marochetti, while the sides of the octagon are
devoted to the Amazon of Professor Kiss, and other
grand pieces of statuary. But the columns still further
divide the aisles and the triangular intervals into square and
half-square compartments,of 27 feet each on the side,whilat
the isles themselves are covered with galleries of their
I own width, to which a multitude of broad stairs conduct
the visitor. The naves are carried above the roofs of the
galleries, to admit light, and are spanned by 16 semi-
circular arches of cast iron, 40 feet 9 inches in diameter,
and placed at a distance of 27 feet from each other. The
building is, of course, much inferior to the Crystal Palace
of Hyde Park in size and in imposing effect ; but many
persons who have seen bath confess that the proportions
are more graceful and pleasing. The immense dome
gives a remarkable elevation and grandeur to the interior,
while the decorative part seems to me more elaborate
and elegant. The management have, however, made
one most damaging mistake in accepting the locality
granted them by the city. It is directly next to the great
distributing reservoir of the Croton Water—a huge square
block of granite, inclosing some 20 acres. which hides it
completely on one side, and dwarfs and diminishes its
whole appearance. As the ground, too, in that neigh-
bourhood was unoccupied, the speculators took hold of it,
and covered it with a multitude of unsightly structures,
which are now used for grog-shops, restaurants, and pup-
pet-shows. The consequence is, that the whole region
presents the aspect of a miserable, dirty, crowded, half-
finished suburb. Could the palace have been placed in a
fine open space, it would be ten times the ornament it is
now.
It was to be opened on the 14th instant, the day after
the departure of the steam-ship Africa. An immense
amount of goods had been introduced into the building.
Upwards of 1,900 packages had been received ; over
1,400 more were in the Custom-house, waiting to be
passed ; 700 or 800 more known to be on board ships
then in the harbour ; and a large number, of which no
accurate estimate could be made, were on their way across
the sea. Probably not more than one-third of the articles
intended for the Exhibition had been introduced into the
building ; and yet the following statement of the appraised
value of the articles imported, in the various departments,
will give a general idea of their aggregate value :—English
department, £40,985, or 5204,925 • Italian, 557,500 ;
French, -8'111,400 ; Holland, $'98,008; German, £'34,490;
Belgium, X3'11,700; and Hamburg, 520,000. The whole
of these articles would not be displayed at the opening
ceremony; but enough of them would be exposed to
make a very good show, and to give an indication of what
might be expected afterwards. The suits of armour from the
Tower of London, sent over by the English government,
were taken in on the 12th, but had not been opened.
I They were contained in eight or ten large boxes, and
would be displayed in different parts of the building. The
Italian department will contain some magnificent speci-
mens of artistic genius and skill. Besides a very large
collection of pictures, statuary, &c., of the highest merit,
by some of the most eminent living artists, there are also
several curious ornamental tables, with elaborate pictures
of complicated historical scenes, made entirely of bits of
coloured wood inlaid. They are from Nice, and are the
work of Signor Giuseppe Ciaudo. For one of them the
sum of £2,000 had been offered. They are among the
most remarkable curiosities in the Exhibition. There are
also some exquisite specimens of filigree work, one of the
most beautiful being a full-length figure of Columbus. In
the Austrian department some elegant specimens of arti-
zanship have been introduced ; among them is a single,
small, glass stand, designed as a table ornament, valued at
56,000. Holland has contributedvcry largely to the collec-
tion—works of art, choice pictures, &c. Under her com-
mission have also been introduced alarge quantity of articles
from Japan, comprising the greatest variety, from mere
playthings to shoes, head-dress ornaments, &c. An in-
teresting group of articles and specie of the native
manufacture and current coinage of the empire of Japan
had arrived, in the steam-boat Illinois, from San Fran-
cisco. Amongst them were three large lithographic
drawings, or tracings, said to be executed in a style far
superior to anything of a similar nature produced. by the
Chinese. One of the tracings represents the Empress of
Japan attended by her maidens, and is an elegant artistic
production. The second exhibits the deity which is wor-
shipped in Japan. Among other curiosities which had
arrived were two Liliputian working models of steam-
engines, which were, a few years ago, exhibited at the
Royal Polytechnic Institution, and for which space has
been obtained in the English department. These are the
most curious specimens of minute workmanship that will
be exhibited. The smallest one, an oscillating-cylinder
engine, stands upon an English fourpenny-piece with
room to spare I The cylinder is but one-sixth of-an inch
in diameter, the length of stroke three-eights, and
the diameter of the piston is that of an ordinary
needle. The other is a beam-engine, composed of more
than two hundred pieces. The length of the stand is three
and-a-quarter inches ; length of beam, two-and-a-quarter
inches ; diameter of cylinder, three-eighths of an inch ;
and the length of stroke seven-eighths of an inch. Both
of these engines are screwed together with the utmost
precision and delicacy. They were made and sent to New
York for exhibition by Mr. Benjamin J. Warner, the Lon-
don watch-manufacturer. The day before the opening the
interior presented a scene of the greatest confusion. That
term hits off precisely the physiognomy of the building at
the moment. A wilderness of nnassorted, unopened, un-
cleaned , unnumbered, unnamed, and unadorned bales and
boxes. Polyglot superscriptions on the treasures scattered
in all directions, met the eye. " Amid all the hurry and
crash of toil and skill," says a New York journal, " it is
plainly to be seen that, although the inauguration of the
Crystal Palace will take place to-morrow, in presence of the
national, state and city authorities, the foreign ministers
and commissioners, and assembled thousands, yet the
Exhibition will not be ready. Not only will it be
unready to-morrow, but we hazard little in saying that
it will be several weeks before all its details, including
those of the lateral arcade, will have reached completion."
President Pierce had commenced his progress for the pur-
pose of being present at the inaugural ceremony. At
Baltimore and Philadelphia he had been received with
great cordiality. He was accompanied by three members
of the Cabinet. Mr. Secretary Marcy was not among
them. It is said that a difficulty had arisen between Mr.
Marcy and Mr. Buchanan, the newly-appointed minister
to this country, in consequence of which the latter would
throw up his commission. The secretary was unwilling
to give the envoy carte blanche in regard to the fishery
question, and hence the disagreement between them.
Forty-two Choctaw Indians, had arrived at New York
from the distant south on a visit to the Crystal Palace.
Dressed in their native costume they intend to give exhi-
bitions of their modes of life, national songs and dances,
the latter being simple recreations in the open air.

TEN THOUSAND PINE APPLES arrived lately from
Nassau in good condition, after a quick passage, by the
Fidget, part of which were sold at auction, on Thursday,
by Messrs. Fletcher and Firth.
MAILS FOR TURKEY.—In consequence of a breakdown
of the Peninsular mail steamer Tagus, the Constantinople
steam packet from Southampton, which would start on
the 27th inst., will not be dispatched until the 10th
proximo.
THE EARL OF MOUNTCASHEL and his youngest son, the
Hon. George Moore, were passengers by the Asia, on.
Saturday week. They arrived here by mail, from
the previous morning, and, having proceeded to the. resi-
dence of some friends at Oxton, they joined the ship on
the following day. His lordship goes out to visit his
estates in Canada.
INTEMPERANCE AND SUDDEN DEATH.—A woman
named Beattie fell down dead in Dalton-street, West
Derby-street, yesterday morning. Her husband, who is
a tailor, was drunk on Sunday ; and on yesterday morning,
finding the deceased had taken what money he had left
from his debauch on Sunday, they quarrelled over it, and
the deceased ran out of the house, and instantly fell dead
in the street. An inquest will be held on the body of the
deceased this day (Tuesday).
REVOLTING IMMORALITY.—A seaman, named Daniel
Ford, residing in a house of ill-fame in Spitalfields, was
found dead yesterday morning, in bed with a prostitute
named Ann M'Coy. The deceased bad been drinking for
the last three weeks ; ever sir_ce he has been ashore from
a vessel which arrived from Bombay, he had been re-
siding in this house, in one of the most abominable loca-
lities in the town. From a letter found on the deceased
it would appear that be was a married man, and had a
family in London. The inquest will be held to-day
(Tuesday.)
LAUNCH OF THE CISNE (SWAN).—This fine steamer,
one of the handsomest models of naval architecture afloat,
built by our eminent townsman, Mr. Thomas Royden,
for the highty respectable firm of Messrs. Duarte Bro-
thers and Co., as a regular packet between Oporto and
Lisbon, was launched on Thursday last, at noon, from
the building-yard of the former gentleman. She was
named by Mrs. Potter, the amiable lady of Edward Pot-
ter. Esq., of that firm. The Cisne has been modelled
especially for speed, and for overcoming the difficulty and
dangers of the bar at Oporto, and the violent gales and
heavy swell of the Atlantic on the coast of Portugal. She
is to have powerful engines and ample boilers, which are
now making by AIeSITS. Fawcett, Freston and Co., of this
town,