The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1852-07-27 00:00:00

f her Britannic Majesty's service ; young gentlemen with

and not very exact ideas

romantic notio

of the meaning of meum and tuum, are helping themselves
to their employers' monies ; small boys, whose genius has
been hitherto employed in

,eaning boots

or sweeping

rossings, and big boys, whose talons have

ieen devoted

to more ingenious, it less honest practices, are pitching

e brooms,

brus})es,

ins trume

to the

dickens,

all on the wing for " digging

all are rushing away as fast as wind and steam can
drive them to the Australian land of silver flocks

as, of course, been take

As I anticipated a fortnight ago, her MAJESTY'S cruise
in the Channel did not extend to Ireland. PADDY from
Cork was, of course, in ecstasy at the idea of basking in
the sunshine of royalty; but PADDY has been disappointed
this time, and must wait a little longer, and become better
mannered, before he will be permitted to see the " illigint
countenance of his Saxon Queen." This will be a glorious
week for the sportsmen. The Goodwood races will begin
to-morrow, and continue four days, the number of races

being not lees than 34. The Duke of RICHMOND is the
great patron of these races, and will dispense his hospitali-
ties with all the generosity of a prince, and with the

courtesy of a thorough-bred English gentleman

CO3DIERCIAL AND MONETARY NEU'S.

MONDAY NIGHT.

THE question has frequently been asked, what
has been the destination of the large amount of
specie obtained by the people of the United States
from the mines of California, as it has not mate-
rially accumulated in the banks ? The New York
Herald, received per the last mail, states that they
have received at least 120,000,000 dollars of gold
dust from the mines since their discovery, of which
60,000,000 have been exported ; yet, whereas in
1848 the amount of specie held in the banks
was 46,361,765 dollars, on the Ist of January
this year the amount had only increased to
50,000,000 dollars. Obviously, therefore, the hulk
of the sixty millions of gold left in the country
must be circulating in the shape of coin, giving
activity, and, at the same time, security, to the ope-
rations of industry of trade. In addition to this
increase of gold and silver coin, the paper circula-
tion of the United States, which, like our own, is
based upon specie, has increased from 128,500,000
dollars in 1848 to 175,000,000 dollars in 1552,
which two circumstances fully account for the rapid
progress which America is making with a cheap
and abundant supply of money.
The same view of the question may account for
occasional singular features in our banking
system in this country. For example, we have this
week a reduction of a quarter of a million sterling
in the specia in the Bank of England. Yet we can
discover no export to have taken place sufficient to
account for so large a decrease. We suspect that
it has gone in employment in the country to supply
the requirements of an expanding trade. More
hands employed, more travelling, more transactions
of a retail character, demand more money—change ;
and all these causes have been in operation during
the past three or four weeks. We regard the falling
off in the stock at present, therefore, as a favourable
symptom rather than otherwise.
The return from the Bank of England for the
week ending the 17th July gives the following re-
sults when compared with the previous week :

Public deposits
Other deposits
Rest ..

£3,077,870; Decrease £830,608
14,715,088; Decrease 714,494
3,190,478; Increase 30,565

On the other side of the account—
Government securities £13,979,616 ; Decrease 144,930
Other securities.. .. 10,671,902 ; Decrease 735,558
Notes unemployed .. 11,911,375 ; Decrease 587,635

The amount of notes in circulation is £23,747,735,
being an increase of £367,980; and the stock of
bullion in both departments is £21,933,678, show-
ing a decrease of £243,460 when compared with
the preceding return.
In our Share Market this week we have had a
very decided change. The apprehension on the
part of some of a heavy bull account at the approach-
ing settlement; the machinations of the bears, and
some heavy speculative sales, have, together, caused
a considerable fall, with frequent and violent fluc-
tuations. Throughout the week there has been a
to 'depress each day. This morning we opened
almost in a state of panic, an extremely wet day
being added to the other influences. A very large
quantity of stock has changed hands during the
day ; we close, however, this evening perhaps a
shade firmer, and with a somewhat more hopeful
appearance. We annex the quotations :—Eastern
Counties, 10 15-16 ; East Lancashire, 20; Lanca-
shire and Yorkshire, 831 1 Af,At; ditto fifths,
31d ; London stock, 131+ 30 1 + A-; ditto new
quarters, 32 ; Mahon and Driffield, ; Midland
stock, 76i IA-1 ir 1 5 ri 1 141; ditto new pref. 41,
Ip.; Dover stock, 22+ 2 1* 2; York and North
Midland, 26 5* 6 Royal Insurance, 13-16 p;
Pacific Steam Company, 79.

The transactions in most of our markets, up to
Friday, exhibited considerable activity and confi
dence, and proved that, the turmoil of the elections
over, the commercial community anticipate a good
business and advanced prices. Money being cheap
and abundant, speculators and purchasers for con-
sumption are alike willing to buy freely.
PRODUCE.-To-day, the demand for most des-
criptions of Produce is steady, although not exten-
sive. SUGAR continues in fair request. Among
the sales since the publication of the Brokers' Cir-
cular, are 50 hhds. Jamaica at 355. 3d. to 365. 9d.;
200 hhds. Barbadoes chiefly at 32s to 395. 6d.;
100 hhds. Trinidad at 325. to 325. 6d.; a small
parcel of Antigua, in barrels, at 335. 6d.; 1000
bags Bengal at 295.6 d. to 325.; 2000 bags Benares
at 38s. to 38s. 6d. ; 1000 mats Mauritius, with all
faults, at 325. 6d. to 375. 9d.; 2600 bags brown
and yellow Pernams at 16s. 6d. to 17s. 6d.; and
20 cases Bahia at 16s. 6d. to 175., and 20 cases
Bahia at 17s. to 21s. Nothing of moment done in
MOLASSES ; but 130 puns. Demerara Ruii are
reported at about previous rates. The sales of
COFFEE are confined to 540 bags Laguayra at 545.
per cwt. TEA is steady, at former prices. There
are not any sales of RICE or SALTPETRE to report.
To-day 1300 bags Bombay LINSEED, with all
faults, were taken at 21s. 6d. to 40s. 6d. per qr.
On Friday a parcel of Honduras LOGWOOD brought
£4 7s. 6d per ton ; 400 bales GAMBIER, all faults,
17s. to 17s. 6d.; and 70 bags CUTCH 21s. 6d. to
225. per cwt.

COTTON,—The demand for this article has
greatly increased during the last few days. The
sales are :therefore large, with a good inquiry on
speculation and for export. We close this after-
noon with much animation, prices of American and
Surat being Id. per lb. dearer than on Friday,
making an advance, since tnis day weex, of pct. per
mprirrtn, and on middling
lb. on low middling A
and good middling qualities. The sales of Friday,
Saturday, and to-day are estimated at 47,000 bales,
of which speculators took 13,000, exporters 5,000,
and the trade 29,000. The import since Thursday
is only 15,000 bales.

BANKRUPTCY COURT, YESTERDAY.—There was not a
singlo case for hearing before either of the commissioners.

STATUE TO DR. JENNER.—An influential committee
has been formed for the purpose of erecting a colossal
bronze statue to the memory of the above distinguished
individual, to be placed in a public situation in the me-

tropolis.
HER SERENE HIGHNESS THEPRINCESS OF HOHENLOE-
LANGENBOURG, accompanied by her son and daughter,
a Prince and Princess of Hohenlohe, arrived in town on
Saturday morning, from Calais. Her Serene Highness
was received at the terminus of the South-eastern Rail-
way, London-bridge, by Sir George Couper, and con-
ducted to Clarence-house, St. James's. At half-past
twelve o'clock, the Princess left town, attended by Sir
George Couper, for Frogmore, on a visit to her Royal
Highness the Duchess of Kent.
A SHIP BURNT AT SEA.—On Saturday intelligence was
received at Lloyd's, under date St. John's, Newfoundland,
July 6, of the total destruction, by fire, of the British ship
ReCiprecity, on the 28th of June, whilst on her passage
from Mobile to Liverpool. The vessel was in lat. 46 when
the calamity was discovered. Every effort was made to
subdue the fire, but at length the flames burst through
the hatches, and in a moment the ship was blazing from
stem to stern. The mate and eight of the crew escaped
in the jolly-boat, and after being exposed for three days,
without food or water, were picked up by a fishing-vessel,
and landed at St. John's. The fate of the master, and 17
other persons composing the rest of the crew and passen-
gers, is at present uncertain : there is reason, however, to
hope that they may have been picked up by a schooner
that was seen to bear down. The fire is attributed to the
spontaneous combustion of the cotton cargo.

OXINIPOTENCY, though it were but to destroy us, were
justly the object of our dread and reverence ; but omnipo-
tency to save deserves our most affectionate esteem. It
should raise wonder in us when we consider God's power
and goodness in the work of creation ; but when we con-
sider the work of Redemption, it should raise our wonder
to an ecstacy.—Bishop Hopkins,