The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1852-05-18 00:00:00

COMMERCIAL AND MONETARY NEWS.

MONDAY NIGHT.
OUR past predictions as to the continued influx of
the precious metals, and the effect produced upon
prices of all commodities, are being fulfilled to the
letter. The accession to the bullion in the Bank of
England for this week's return is £329,637, making,
with the previous amount held, £20,231,037 ; and
from the recent large arrivals in the United States
from the Californian mines, it is tolerably certain
that, so soon as the shipments of Cotton fall off,
which they will shortly, we shall see that amount
largely augmented. With this prospect in view, it
is being seriously mooted by the monied world, and
especially by the holders of Bank of England shares,
what is to he done with the accumulations now lying

unemployed. The commercial world are evidently
unable, or indisposed to take them, even at .the
present low rates of discount, from the fact that
the issue of notes fails to keep pace with the
increase of their basis. We observe that it is sng-

Bested by a well-informed contemporary that the
bank should extend its loans for long periods to
railway companies, and on such securities as the
Liverpool docks. The borrowers, if this course
were to be pursued, would certainly be benefited
to the extent of the interest saved; hut the fact
seems to be lost sight of that for every such invest-
ment a corresponding amount of money would be
released, which would shortly find its way again
into the bank or the discount market, leaving the
main evil complained of unredressed. The only
real source of relief is the employment of the sur-
plus money of the bank, and the commercial world
creating additional capital by the formation of new
and reproductive works. Its absorption by mere
speculation is an unhealthy and dangerOus process,
and is not practicable to any material extent. The
surplus can only be absorbed by an extended
domestic circulation, caused by letting loose the
springs of the national industry. If such steps as
this be not adopted, we shall shortly see our mone-
tary abundance employed, as in 1825, in foreign
investments, ultimately to become the source of

disastrous losses.
The return from the Bank of England for the
week ending the Bth of May gives the following re-
sults when compared with the previous week :
Public deposits £3,526,451 ; Increase £331,634
Other deposits .. 14,130,767; Decrease 235,153
Rest .. .. 3,124.968; Increase 22,931
On the other side of the account—

Government securities £13,333,023 ; the same as before.
Other securities.. .. 10,888,495 ; Decrease 133,837
Notes unemployed .. 11,837,015; Increase 301,400
The amount of notes in circulation is £21,845,115,
being an increase of £12,955 ; and the stock of
bullion in both departments is £20,231,037, show-
ing an increase of £329,637 when compared with

the precedin return.
Business in our SHARE-MARKET has again been
on a morelimited scale than in former weeks for some
time back, and the market has presented no new
feature. Until Saturday, the fluctuation of prices
was not considerable, the tendency having been
slightly downwards. On that day, the dealers, em-
boldened by the comparative absence of real busi-
ness, attempted " a bang," in which they were
successful to the extent of 15- to 1 per cent all round.
The abundance of money, however, soon came to
the rescue, and the market closed generally firmer..
This has been maintained throughout this day,
(Monday,) and we close this evening with a de-
cidedly improving appearance. We annex the
quotations of the day. Aberdeen, 134; Birken-
head Lancashire and Cheshire, 101 d; Caledonian,
19 183'•; Eastern Counties, 9 ; Lancashire and
Yorkshire, 72 1.11. • London and North-western
new I-shares, 51p; Midland, 693 34 ; Ditto,
new pref. 41 per cent., par; North Staffordshire,
; South-eastern ad Dover, 211 ; Warrington
and Altrincham Junction, 3d; York and North
Midland, 241 ; Dutch Rhenish, 31d.
PRODUCE.-In our Colonial markets there has
scarcely been the same firmness ; and sugar, par-
ticularly West India, has been dificult of sale at
previous prices. There is an opinion abroad, that
with the large consumption of
.produce generally,
and the cheapness of money, prices are more
likely to further advance than retrograde. In-
cluding Saturday and Friday's sales of Sugar, we
have to report 125 hhds. Barbadoes, at 325. 6d. up
to 415. for Vacuum Pan, and 700 bags Benares, at
345. 6d. to 375. per cwt. There has been a con-
siderable demand for Brazil, on speculation. The
sales reported are 700 bags yellow Pernams and
Paraiba, at 18s.; 4,600 bags Pernams, afloat, at
17s. with 1800 bags landed, at 18s.; and a
cargo half white and half brown Paraiba afloat,
deliverable in the Mediterranean, at 235. 6d.
for the former, and 16s. 6d. for the latter. No
sales have taken place since Thursday in Coffee
or Rum. The price of Tea continues steady,
and the demand good. The advices per the Over-
land Mail this morning showing a falling off in the
exports, is calculated to strengthen the market. A,
public sale of Jamaica Coffee took place on Fri-
day, when 75 tierces sold at 465. to 525. for good
to fine ordinary, and some fine Mountain at 120 s.
Rice is in good inquiry. Sales of 800 bags Bengal
are reported at Ios. for middling new, and
9s. 9s. to 10s. for old ; also 160 tierces Carolina
at 17s. 6d. to ISs. per cwt. At auction,
to-day, 750 bags Saltpetre realised 295. 6d. to 30s.
for 1? per cent. refraction, and 250 bags by private
28s. for 6 per cent. Of Logwood, the only trans-
actions noted are 20 tons Jamaica. at £3. 7s. 6d.;
20 tons Campeachy, at f:6 per ton ; besides 150 tons
Honduras, at prices which have not transpired.
We have also to report 20 packages of Manilla
Mother-of-Pearl Shells, at £B5 to £9O; 50 bags
Sago Flour, at 15s. per cwt. ; and 20 cases Castor
Oil, at 4d. per lb.
COTTON.-There has been great animation in
our cotton market, and the sates of the week up
to Thursday night, amount to 111,900 bales, at a
further advance of an eighth per lb. The weekly
consumption is unprecedently large-some 36,000
bales-and with peace abroad and plenty at home,
there is every prospect of its continuing. Indeed,
if the consumption be not checked by a material
advance in prices we should not be surprised to see
it further increased. By the Asia steamer, which
vessel arrived late on Saturday, there is little news.
The receipts were 75,000 bales for the week and the
shipments were large, but prices had further ad-
vanced at New York. Much disappointment is
felt here at the non-execution of orders, limits
being far too low to admit of a possibility of their
being executed. Sales on Friday 12,000 bales :
Saturday 20,000, and to-day 10,000 to 12,000, at
very full prices.
An upward tendency has been imparted to the
Wool. market by the anticipated falling off in the
supply from Australia, caused by the abstraction of
labourers from sheep tending to the gold diggings.
This will perhaps not be severely felt during the
present year ; but, should the state of things con-
tinue, the effect upon our woollen manufactories,
and especially upon the finer branches, for which
Australian is now almost exclusively used, it must
be very serious. The following is the monthly
circular of Messrs. Abram Gartside and Co., of
Liverpool, dated 14th inst. :-" To-day's public
sales consisted of 608 bales South Australia wool,
ex Alert, and 320 bales Entre Rios from Monte
Video. There was a large attendance of buyers,
many of whom were able to have purchased
the whole that was offered, and great spirit was
shown ; with this competition, increased by the
apprehended scarcity from Australia, it is not
surprising that prices of Colonial ranged 11d. per
lb. higher than the February sales. Some parcels
of fine Adelaide fleece and lamb, in first-rate condi-
tion, realised 190. to 20d. ; fair quality in the
usual middling condition averaged 18d.; low fleece,
16d.: unwashed, 9d. to 101 d., averaging 91d. The
Entre Rios Wool attracted considerable notice, as
the breed and condition shewed a decided improve-
ment upon the usur.l imports from the River Plate.
A part was sold at 101 d to 19id, and the remainder
of the finer kinds were withdrawn at 15d to 21d for
clean Merino Flocks.

SHOCKING CHILD MURDER.—BRIDPORT.—A most
sho, king case of child murder has just been committed in
this town by a woman who gave her name as Eliza
Welborn. The child was born on Wednesday last, and
was a fine healthy child, and, from the evidence of the
midwife, as promising a child as was ever born. The
inhuman mother, however, on being left alone, poured
a large quantity of oil of vitrol down the throat of the
child, and threw the bottle, which contained.the remaining
portion of the liquid, out of the window. The midwife
instantly detected that vitrol had been given to the child,
and it died in a very short time after.—Sherborne Journal.
"THE WRECK," BY THE LATE J. H. TURNER, R.A.
—The subject of the above masterpiece of its celebrated
author, now on view at Mr. Grundy's, Church-street, is
the wreck of the Minotaur, a 74-gun ship, which occurred
in December, 1810. In returning from the Baltic with a
convoy, the Minotaur ran upon the Halk Sands, off the
Texel, and was totally lost, with her commander, Captain
John Barrett, and 400 hands, 110 officers and men being
humanely rescued by the Dutch. The picture was painted
expressly for the late Lord Yarborough soon after the
melancholy occurrence. In order to execute his commis-
sion faithfully, Mr. Turner procured a graphic description
from one of the survivors, his own fertile imagination sup-
plying the details and incidents. The picture is full
of vigour and of the painter's vivid colouring, and is
acknowledged to be one of the finest of his many noble
productions. We would strongly urge every connoisseur
to seize the opportunity of paying a visit to Mr. Grundy's.
gallery.