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

COMMERCIAL AND MONETARY NE Ii S.

MONDAY NIGHT.
TIIE 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 vesselsrin 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 X13;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 £23,888,060,.
being an increase of -£Bl,OBO ; and the stock of
bullion in both departments is £183023,348, 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, 7814. London Stock,.
116+ +c; Midland Stock, 72+; North,British,. 8i ;.
Dover Stock, 21.1- a ; York, Newcastle and,
Berwick, 17§ ; York and North Midland, 301-;.
Royal Insurance, Pip.
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 61a. 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 exfort.
The news of the growing crop, though stillunfa-
vourable, has not had much effect on this market,
which closed firmly without alteration in price.
PRODUCE.—For Sugar, the demand continued
limited, and the sales only amounted to 75D hhds.
8.P., at previous rates, and 500 bags Cossipore at
41s 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
tees. Carolina sold at 248 6d to 2r4s, with 7,500
bags Arracan, at 98, 9d, chiefly to arrive, and 2,000
bags Bengal, at I.os to I,ls 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 Congoas.from is ld to is 3d,
the extreme firmness of holders has, however, re-
stricted operations ; transactions, generally, have
only been to a moderate extent;, quotations for aD
descriptions, except common Congous, are welt
maintained. Saltpetre in better demand, and fully
2,000 bags sold, at 25s to. 27s for 83/4 to 5 per cent..
refraction, being 6d per cwt. higher. No change
in Nitrate of Soda. Of American Rosin, 1,4200
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 378 6a having been paid for fine Foreign;
for Linseed Oil there is more demand,, and 29s 64
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 Hie, and
300 tons to arrive at £37 to £37 10s 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 Ms, and South Ame-
rican, at 50s to 535, according to quality. An ac-
tive demand for Jute, and an advance of 20s per
ton is readily paid. To-imy, 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.
T h eri
ea vimportoxuces a
excess
fc
record,o
lastl on ityaoal atrwoodh ea
tlargeotnh nisasg
ea
portions.
boeni
nh
oga f s
over
farthe
D. and Mackay we extract the following :-
1 increase,
ooexceededper
however, being btehineg
gduuaey,
anychs eoo cent.
wdt
cp.
the early arrivals from the St.
Lawrence. Several cargoes
having been sold at 2011) of Quebec Pine have been
arst varying
(f) 0,14 fr7o3mfeleBti da.t for 47
Sp
et .r John
ataa d pine
atd. has
Quebecbeen soldaa k)
feet average to 20-id. for
sold from feet
f average, 69 feet average
p2esr.
3f odo. tp,
per
and
foot, l 7
accordingi nch
larger average
tra ge for 161}
2e d in*ch'agal
average 22 d.
with deals at £9
average,
nind the
q quality at;
90 feteot
average brought 2s. Id.• 2s. 3d. This
larticle will fall in value blare, unless sparingly imported.
I Elm and la: on former hal been sold at 20d. for 40