The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-12-06 00:00:00

no two of whom gave opinions alik

g.ood than the t

ro thousand guinea blue boOk—

in its contents as it is, of the committee—and the gallery
was closed, much to the annoyance of many idlers and
many better who wished to improve—humanise their na-
tures. It is now opened to the public. The improvement
is marvellous in a two-fold sense; one wonders wh3
not done befot

First, with regard to the classification
glorious works, the eye is not distracted by

variety—zcharming in every other respect—each schoOl
is by itself,—Flemish, Dutch, Venetian, Bolognese,
English—for we have a school of painting now,
though we have scarcely one for her sister,—music.
The whole of the matchless pictures of the nation .
are thus arranged—not, as heretofore, chronologically. I
Did the intelligent visitor wish to see a Dutch vulgarity,
but priceless almost from the wonderful execution of :
details, alongside of a Rubens, because the pictures were
painted in the same period ? No. The background of j
the walls of the gallery are done in a modest, though not
sombre colour ; the roof and window-frames as white as '
white lead can make them, letting fall a light so tempered
that even the dear old fellows, whose works were said to
be flayed alive, (cleaned !) really don't look very raw.
The castigation the gallery people have had has done them
much good, and they know it, and wonder why they had
not achieved the matter years ago. "Better never than
late," said the learned epicure KITCHINER, : I say " Better
late than never." I admit that here and there you have
to search for an old acquaintance from the hands even of
MunILLo and GUIDO, indifferently bestowed,—some fault
to be sure to be found with them, but not sufficient to
warrant their present obscurity. There is room now for
many more pictures ; will they come ? Not at present.
The fact is, that the pictures belonging to the nation,
stowed away in the ANGERSTEIN Gallery, in Pall-Mall, ff
.e so scant, the contributions so few, the

COMMERCIAT

the East
Money 3
the nrie

lr b pi
'un to

MONETARY

NEWS.

MONDAY NIGHT

lost all their effect upon the

ithout any

great fluctuations

funds have been well

le Corn market

nd must go still lower, but
with this exception prices have been steady,
and the tendency has rather been higher than
otherwise. Much of this tone of confidence is
owing to the prudence with which most operations
have been conducted, and the general absence of
speculation. The Bank returns on Friday show a
large decrease in the stock of bullion, but it is
attributed to the withdrawal of gold by Russia,
and was, therefore, anticipated.
The return from the Bank of England for the
week ending the 26th of Nov., gives the following
results, when compared with the previous week
Public deposits ... £7,534,179; Increase£l,soo,o2s
Other deposits ... ;11,012,432; Decrease 619,776
Rest ... ... 3,184,137; Decrease 33,185

On the other side of ti

account—

Government securities £13,489,037; Increase £011,612
Other securities ... 16,315;862; Increase 326,212
Notes unemployed ... 7,049,825; Decrease 610,165
The amount of notes in circulation is £21,344,200,
being a decrease of 2246,535 ; and the stock of
bullion in both departments is £15,090,086, showinc,
a decrease of £729,271, when compared with the
preceding return.

Notes issued

E DEPARTMENT.
B,394,o2s'Governmt. Debt £11,015,100
Other Securities 2,984,900
Gold coin & bu11'n.14,394,025
'Silver bullion ...

£28,394,025'

BANKING DEPARTMENT,

£28,394,025

Prop. Capital ... £14,553,000 Gov. Securities £13,489,037
Rest .. .' . 3,184,137 Other Securities 16,316,862
Public Deposits 7,534,179 Notes ... 7,049,825
Other Deposits 11,012,432 Gold & Silver Coin 696,061
7-day & other bills 1,267,037

£37,550,785) £37,550,785
The returns of the Board of Trade for the month
ended sth of November have just been published.
They again show a considerable increase in exports
of British produce and manufactures, but a de-
crease in most articles of import. The former is
the more satisfactory, as it cannot be supposed to
be much affected by the speculative trade which
prevailed earlier in the year, though considerable
allowance must be made for the increase in prices
which has taken place on comparison with the
rates which ruled in 1852. The following are the
principal items of increase during the month :

727,366...1,058,216...330,850
122,471... 259,700...137,229
Cotton yarn
Woollen manufactures
Cotton manufactures 1,400,483...1,563,791...103,308
Hardwares
Linen manufactures
Leather
Machinery
Beer and ale
Stationery
The only articles upon which there is a decrease
are Wool, £16,402 ; Soap, £7,720 ; and refined
Sugar, £lB2. The total increase on the month, as
compared with the corresponding month of last
year, is £1,312,360, being from £4,855,666 to
£6,168,026. The increase on the ten months is
£13,908.651.

Metals
Haberdashery, &c

The following are the changes which have taken
place in the principal articles imported and re-
tained for home consumption during the month,
when compared with the corresponding month of
last -- 1853. 1852.

year :
Wheat, quarters
Indian corn, quarters.
Flour and meal, cwt.
Sugar, cwt.
Tea, lbs.
Coffee, lbs.
Tobacco, lbs
Wines, gallons
Spirits. gallons
Rice, cwt
Fruit, cwt.
Flax, cwt
Hemp, cwt.
Silk, lbs.
Cotton, cwt
Wool, lbs.

420,215
175,843
05,075
585,831

425,866

58,685
302,513
551,018

.4,376,785
.3,240,366.
2,236,111.

.2,535,215
.2,200,761
575,693
405,632
. 64,630
42,641
210,689
192,017
292,101
220,469
9,614,005

4.02,678
63,239
92,132

38,617
361,419
164,147
5,604,246

TalloW-, cwt

92,163

228,474

After two or three days 'of inactivity at the
beginning of the week, while the settlement of
the account was in progress, the SHARE MAIISET
has been much more active, and prices, excepting
for London and North-Western, which still is Very
heavy, have advanced one or two per cent. The
business, however, has been almost altogether
speculative. North British shares have been much
sought after, from an expectation of a good report
from this company. Local stocks have been
steady ; a few Royal Banks were done at 395.
Insurance shares in good demand, but very scarce.
We annex this day's quotations :—Caledonians, 28;
Eastern Counties, 13* ; Lancashire and Yorkshire,
67 * 1 7 ; Lancaster and Carlisle Thirds, 11 9-16 p
Sp ; London Stock, 1021 1 1 ; Midland Stock,
63* 111 3: North British, 8 1-16 ; North
Western, 88-} ; Dover Stock, 181 7-16 ; York,
Newcastle, and Berwick, 16* ; Poltimore Copper
and Gold Mine, ip; Manchester, Sheffield, and
Lincolnshire £6 pref. shares, 3-16 p. _

COTTON.—Thesales during the week have shown
considerable improvement in quantity, having been
larger than for some time past, but we cannot
quote any improvement in prices. Up to Friday
the sales averaged more than 6,000 bales a day to
the trade. On Saturday the sales were 6,000
bales, including 1,000 taken on speculation and for
export. TO-DAY the sales reached the same
amount, and the Market closed steadily, without
alteration in prices. The following is a comparison
of present prices with those of the corresponding
period of last year

1852. 1853,
New Orleans, middling &id.
fair -id.
Uplands, middling 5-id.
fair 6d M.

SALES. IMPORTS
DESCRIPTION. PRICES. Week Previ- Week ;s (STOCK
ending ously ending Year. Dec. 2. this yr. Dec. 2. Dec. 2.
--
Sea Island lO @33 230 19170
Stained 9s 13 20 1660 6071 511716
Boweds 61 9610 455510
Mobile 3+ 61 3060 273330 O. 932359
New Orleans. 3$ 8$ 21720 030460 212
.•
Pernams, 6* 8 500' 63480 3049 572631 15070
Bahia, &c.
hlaranham 61 71 870 41500 36.28, 35503 21720
Demerara,&c ....1 710 .... 572 530
Egyptian 4l 12 2800 120730 4202, 103752 85750
Cotn.W.l.&c. 41 si 130' 11540 .... 8029, 3740
Surat
Madras
Bengal 3 370 5160

72261 3480

46380 22120701 31955'198637-91647970

PRODUCE.—There has been a good business
done during the week in almost all descriptions of
produce, and a general tone of firmness seems to
prevail. TO-DAY, the business in Sugar is con-
fined
to refining descriptions, of which 15 hhds.
Demerara and 40 hhds. low Barbadoes have been I
taken at 325. 9d., 2,000 bags Khaur at 295., and
600 bags low brown, Dates at 28s. 6d. per cwt.
There is nothing to notice in Molasses. Of Rum,
about 100 pnncheons Demerara have been sold at
the decline noticed on Friday. Fifty bags washed
Rio Coffee are reported at 50s. per cwt. The Tea
market is decidedly less active, and to effect sales
lower rates would require to be conceded ; one or
two small parcels of common Congou are bffered
at a discount, with short prompts. A small parcel
of Bengal Rice has been taken at 155., and. 300
bags Saltpetre at 295. 9d. to 30s. per cwt. for 44
and 3 per cent. refraction. We have also to notice
50 cases Castor Oil at 41d. to 4-1-d. per lb., 800
pockets dead Cowries at 425. per cwt., a small
lot of Jamaica Logwood. at £6 55., and 15 tons
Jamaica Fustic at £6 17s. 6d. per ton.
WooL.--The market still continues to rally from
the depression under which it has suffered for se-
verel months past, and this week a fair amount of
business has again been done at full prices. East
India middle and low whites are much sought
after, and an advance of id. to -2d. per lb. is readily
obtained on our last sale prices. Alpaca, of which
stocks are now pretty large in this market, remain
neglected ; but, as the manufacturers are not very

heavily

stocked with this article, we expect, to see
an improved demand shortly. Long wools gene-
rally are in better request) and command full rates.
Imports for the week, 7,231 bales, viz.: 755 bales
East India ; 414 Buenos Ayres ; 5,658 Peruvian
and Alpaca ; 389 from the Mediterranean. ports ;
5 Scotch, and 10 Irish.
Messrs. W. GREAME and CO. say :
" During the early part of the past month, the Wool
trade continued in the same depressed state as noticed in
our circular of Ist ult., and the few sales were to a small

extent, and at a considerable sacrifice to holders. The
London auction sales terminated on 17th ult., with more
firmness, at a slight advance for Australian and Cape
Wools on prices current at the date of our last; since then
the market has gradually recovered, and we have now, we
.are glad to say, a decided improvement to notice in many
rdeftriptions of Wool, buyers show more disposition to

makepurc

have done for some tirr

tsiderable orders for gOodi;; have-la-te-1

stocks in manufacturers hands are lie,___
generally in a healthy state, and unless some further un
toward event occurs, political or monetary, to check bassi

!n give
►d the

nets again, we may look forward to a further improvement
both in price and demand."
Messrs. JOSEPH ROBINSON and Co. say.—
" The Wool market during last mont

the same quiet feelingas the previous one, which

dearness of provisions, and the excessive ex

taken of

.t of specie

otherwise the trade of the country is in a flourishing stn
without any serious drawback for manufactured goods. In
some parts of Yorkshire, particularly where the worsted
trade is paramount, it is estimated that one half the ma-
chinery has ceased working; but as regards the general
consumption, there is scarcely any abatement, which is
very satisfactory, considering the combined influences
that have been operating for some time to the detriment
of commerce."

TIMBER.—We quote the following from the
monthly circular of Messrs. HOLME, SLATER, and
Co. of this town, and of Birkenead :
" The arrivals into the docks of the Mersey, containing
Timber, during the month, are-88 vessels, 57,752 tons,
against 44 vessels, 42,261 tons for the correspondiug period
last year. Although the supply of Quebec Pine has been
large, yet the demand is quite equal, and stocks have not
accumulated, and are considerably below those of former
years.—Of Baltic Timber the arrivals during the month
are 7 vessels, 2,310 tons, against 3 vessels, 1,405 tons for
the corresponding period last year. A cargo of common
Dantzig has been sold at 2s. 3d. per foot, and a parcel of
Swedish at 2s. ld. per foot. The stock of Baltic Timber
is light.—Of Mahogany during the month there have been
two public sales, one in Birkenhead and the other in
Liverpool : they were well attended and the prices realized
were satisfactory."

ThoN.—Last week we shewed that the price of Pig
Iron was much too high, from two different con-
siderations : first, that there • was 25s per ton
against shipments to the United States ; and,
secondly, 30s per ton against French shipments,
after allowing for the reduction of duty under the
Emperor's late decree ! and, lastly, as a natural
consequence, the exports from the Clyde had fallen
off something like 8,000 tons per week. We have
again to notice the like reduction, the exports for
the past week having been only 9,100 tons, against
the usual average of 16,000, shewing a falling off
of about 6,900 tons, which would have been even
more, but for the shipments to France, amounting
to something near 2,000 tons, which, it must be
borne in mind, was bought before the present high
price, but was kept back until the issue of the im-
perial decree : so that when the French purchases
are cleared from the port, we shall 'probably have
a falling off in the exports of from 8,000 to 10,000
tons per week, as the present price puts a veto
upon all exports. As the late advance has taken
place in consequence of large speculation, in
anticipation of heavy exports to France, we
will take a view of the French Pig Iron
trade, which may probably be of some little
interest to speculators, especially as many
of them may think that the Frenchman never saw
a ton of Pig Iron, excepting from England. We
copy from the Siecle as follows :—" In 1845 it
required 2,047 hydraulic machines, and 207 steam
engines, representing a total of 26,504 horse power.
Five years before there were only 109 machines.
In 1845, there were 425 iron mines open in France,
which produced annually 2,640,000 tons of rough
ore, and 1,250,000 tons of unwashed and sifted ore.
This mass of raw material delivered to the foun-
dries, which then possessed 608 blast-furnaces,
gives a production of 439,000 tons of pig iron, by
means of which 342,000 tons of large iron was
manufactured. This annual production has much
increased since the previous 20 years ; in 1825, the
quantity of pig iron produced was only 190,000
tons ; and in 1835 it had risen to 295,000 tons."
Thus we see that the French make pigs of their
own, and that from 1825 to 1845 the production
had increased from 190,000 tons to 439,000 tons ;
and there is little doubt but that the present pro-
duction is very much in excess of this quantity,
and that the reduction in the duty on coals will
very materially assist the increase. The following
imports of France for 1851 are from the same paper
(Siecle), viz.: " 17,939,767 kilogrammes of rough
ore, 38,785,081 kils. of pig iron, 4,569,615 kils. of
wrought iron in bars, 1,843,704- kils. of wrought
iron of other kinds, and 870,274 kils. of rails."
These figures look exceedingly large when ex-
pressed in kilogrammes, but we will reduce them
to English tons, and show also the countries
whence they were imported :

wrought' wrought
iron otherf 1
Rough Ore. Pigs. iron
kinds.lni , Rails. ;Supplied by
o ,
,

1047 ----ssslL7—glsn7.
-- 11827 .
-- 16407 92 Belgium.
2966 1308 -_ 166 206 !Germany.
-- - . -13462 - -- Sweden.
-- --
-- 108 --
-- Russia. •
9253 I 454 ' Spain.
3151 :: --
;Switzerland.
501
-- I -- -- !Tuscany.
-- 954 • -- -- ;SardinianSts
436 4764 , 38 136 !OtherCounts

16309 135260' I 4154 1349 791 Total To
From this it appears that the total imports of
Pigs in 1851 were only 35,260 tons, of which.
England supplied not 12,000 tons, Belgium up-
wards of 16,000, Germany 1,300, and the Sardinian
States nearly 1,000. Last year (1852) their im-
ports of Pig Iron amounted to 46,244 tons. Sup-
plied, 26,416 from Belgium, 15,002fr0m. _England,
and 4,826 from other countries. Here we learn
that Belgium and Germany, with sundry other
places, were not only able to compete with us, but
supplied collectively in 1851, 23,433 tons against
our 11,827 ; and in 1852, 31,242 tons against our
15,002 tons, throwing us entirely into the shade :
but it may be said that Belgium enjoyed the
reduction of duty which has only just come into
operation as regards British Pig Iron ; tllAt is
true, yet, we must remember that when she com-
peted with us it was during a time when Pig Iron
was selling in Glasgow at 355. per ton : now it
is 80s. per ton, so that the account stands thus—
a reduction of duty in favour of England of
17s. 6d. per ton, and an increase in price on
English Pigs of 455. per ton (from 355. to 80s.)
making a balance of 275. 6d. per ton in favour
of Belgium exports. As an argument in favour
of the present price, it has been said, that Belgium
was about to take the initiation from France and
reduce the duty upon foreign Iron, and that this
would give Pig Iron a further lift ; but these men
surely cannot know that Belgium is our exporting
country as regards Pig Iron. Cotton producing
countries might with equal propriety say that
the United States is about to reduce the duty oni
cotton imported into their States, and draw there-
from an inference of an increased value of every
description of cotton not the growth of the United
States. No, what we may expect Belgium to do,
will be to-declare a reduction on the duty on coals
—now. about 12s. 6d. per ton—and so put their
iron masters in a still better position than they
now enjoy, to keep their command of the French
and other Continental markets. To-DAY there
has been nothing doing, and sales have, for some
time been " like angels' visits, few and far be-
tween"; the nominal price being 795. to 795. 6d.,
cash. In Manufactured Iron a good business is
doing ; makers being full of orders, and refusing
to take further contract excepting at the advance
of 20s. per ton, of which they have given notice.
MELANCHOLY AND FATAL