The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-01-11 00:00:00

not remember a week for some time back in which
so very small an amount of property has changed
hands. As to prices, the tendency is decidedly to
improve. That present holders are quite indisposed
to part with their shares, is evident from so little
stock having been brought to market after the banks
having raised the rate on Thursday, an act which
has .generally caused a small inundation. On a
resumption of activity, therefore, it is probable that
new buyers will have to pay higher prices to induce
sales. We annex this day's quotations :—Birken-
head, L. and C., 60 ; Chester and Birkenhead,
22i 1; Bristol stock, 108 ; Caledonians, 34-i ;
Eastern Counties, 13 7-16 ; Lancashire and York-
shire, 83k; Liverpool and Southport, 181 ; London
stock, 1241; ditto fifths, 34p; Midland stock, 801;
ditto 4f per cent pref., }gyp; North British, 9 13-16 ,
North Union A, 263 ; Dover stock, 24. f. St.
Helens 5 per cent pref., 1831; York and North
Midland, 291.
PRODUCE.—In Colonial SUGAR, both East and
West India, there has been considerable firmness,
and full prices have been realized, particularly in
sorts for refining purposes. The sales during the
week amounted to 300 hhds. and 10,800 bags, but
nothing was doing in Foreign. No transactions
in MOLASSES, and very little doing in COFFEE.
For RICE the demand was not so good, and prices
have slightly given way, Bengal realising 10s. to
1 ls. 6d. In RUM the transactions were almost
confined to 250 puncheons Demerara, for which
former rates were hardly maintained. In TEA the
business was limited to the supply of immediate
wants, but full prices were readily given. The
TALLOW market shows a slight improvement,
owing to an increased demand, and Petersburg Y.C.
sold freely at 455. 6d. to 46-8.61 per cwt.—To-DAY,
there was a fair inquiry for SUGAR, for grocery
purposes, the sales comprising Barbadoes, Deme-
rara, and East India, to the extent, including Sa-
.turday's transactions, of 230 hhds. and 1,550 bags.
There was a moderate business done in COFFEE,
and 50 puncheons Demerara RUM realised previous
prices. In TEA there was but little doing; but
previous rates were well sustained. At public sale,
Campeachy LOGWOOD realised £6.175. 6d. per ton,
and Jamaica, by private contract, £4. 15s. per ton.
SAGO FLOUR commands attention, some large
sales having been effected at prices realising 23s
per cwt

COMMERCIAL AND MONETARY

NEWS.

MONDAY NIGHT.

WE have been favoured with several of the annual
circulars published by the leading brokers of this
town, and we rejoice with them at the satisfactory
results which seem to have attended the commercial
enterprise of our merchant princes. Doubtless the
comparatively unshackled state of trade—com-
monly called free trade—has had something to do
with increasing our imports and exports ; but Free-
traders must not forget the enormous and unex-
ampled supply of gold which they have received
during the past two or three years; and, we aver COTTON.—The news by the Niagara steamer
again, that had it not been for this timely aid, this having been received after the close of the market
country would ere this have been visited by a corn- on Monday last week, we could only briefly notice
mercial crisis without any parallel in its disastrous the fact as having a tendency to the improvement
consequences. But it has been averted : and of prices here. This firmness continued until fur-
may prudence govern the future, and prevent ' ther intelligence was received by the Arctic, which
undue speculation. The Directors of the Bank were of a less favourable character, and easier terms
of England raised their rate of interest, on have since been accepted, although quotations are
not lower. The demand has since been very limited,
Thursday last, from 2 to 21.- per cent., a step
which we cannot but consider a judicious one, for some days averaging only 4,000 bales per day.
Opinions are necessarily divided as to the immediate The total sales during the week amounted to 34,900
reasons which have induced the Directors to take bales, of which 2,220 were taken on speculation,
this course at a time when, from the largeness of against 44,765 last year. TO-DAY, the accounts
the stock of bullion and the increasing receipts of i received from America, by the Africa, confirm the
gold from Australia, the money-market appeared to previous reports of a large crop, and continued
be in a healthier state than in April last, when the heavy receipts at the ports. Prices were rather
rate of discount was reduced. By some it has easier, as also freights and shipments then making
been attributed to the state of the weather, which would pay. As, however, we are without any fur-
has excited apprehensions as to the yield of the ther telegraphic news from New Orleans, they are
next harvest; but the realisation of this fear is ;of less interest, and had produced little effect on the
rather too remote for it to operate at the present 1, market. There being little or no Cotton at New
time. Without pretending to be in the secrets of , York, the movement in that market has had conse-
the Bank Parlour, we should be inclined to believe quently little effect in ours. It appears that the
it to be a precautionary step against an apparent weather during the last two months has been much
tendency to over-speculation, induced by the extra-
the same in the Cotton districts as in this country,
ordinary accounts of the still undeveloped gold- , In consequence of this, the Cotton lately picked
fields. On former occasions the Directors have , turns out badly, and it appears the larger part of
been blamed for delaying to interpose a check the crop will be of inferior quality. The country
; being partly inundated, and the roads bad, it was
until too late to avert the catastrophe. This was
the case in 1837, when the course pursued by the expected that Cotton would arrive slowly at the
panic which inland markets and interior shipping places, and
Bank was believed to precipitate the
prostrated so many commercial firms ; and again ' this would reduce the later receipts materially.
in 1847, when the application of the screw was !These advices have, in general, rather steadied the
deferred so long, that the Bank of England was market ; and, notwithstanding the gloomy state of
only saved from sharing in the crash by a direct the weather, the sales were 5,000 hales, of which
interference of the Government, in suspending the about 1,000 were on speculation and for export,
Restriction Act of 1844. No such blame can attach without change in price since Friday.
on the present occasion, for, being given thus early,
it can in no case operate injuriously, while it may FIRE.—On Sunday, a destructive fire broke out in the
have the effect of deterring from rash speculation, West Strand, London, in the house lately occupied by
which is sure to have disastrous results. Mr. Wyld, map-seller, and considerable damage was done
Although the transactions in TEA. have been to many of the adjoining houses.
limited in extent, prices have been well supported, I CAPTURE OF A GANG or BURGLARS.--One of the
owing no doubt to the belief which is generally most formidable gangs of burglars that ever infested this
committedount thoaschbeese
members
of broken
Castle up,
or tar!dl.var4 pusl
li This
entertained of a reduction in the duty being con- Part
templated by the new ministry. This measure gang has been the terror of Cheshire and Lancashire for
bersthsc
formed the least objectionable item in the Budget some months.
of Mr. Disraeli, and would have been carried by d THE LATE FEARFUL CALAMITY ON BOARD THE
general consent. There is no doubt, therefore, LILY.—On Sunday morning last, after an eloquent and
that, though for the time suspended by the change powerful appeal at St. Paul's, Prince's-park, by the Rev.
which has taken place, it will form an item in the
opnr.bielli;all'-fejoirttl:ele wtnedwsosmaensdum ofh £62141; was collected
financial statement of the present Chancellor of the men who lost their lives by the
orphans
recentn explosione un
on unfortunate
Exchequer, and more than probable to a greater he brig Lily, in the Calf of Man.
extent than was proposed by his predecessor. It is Loss OF THE NEW SHIP VANGUARD.--Intelligence
now clear that at a time when the tendency of reached Liverpool on Sunday last of the total loss of the
commercial policy is to reduce the duty on articles new ship Vanguard, of and from St. John's, N. 8., for
in general consumption, the maintenance of a tax Liverpool, timber laden. The Vanguard had experienced
which amounts to two or three hundred per cent. very tempestuous weather for several days, which caused
on what has become a necessary of life, is altogetherl herl teodleakThveereyrebadilza,d ahnedeushaet tellie"m
uately became water-
vmespsseilliwneasdzsie,
fallen in
indefensible. Under these circumstances the market werengg completely ewxhausted when the for Tea displays considerable firmness, and as there with by the ship Lady Sale, from New Orleans, which
is no prospect of any large additional supplies from took off the crew, and brought them to this port. We
China, owing to the reports of a deficient crop, the Vanguard belonged, and was consigned
understand the
to, Messrs. Garnock, Bibby, and Co., of this town.
inclination to hold is in a great tlegree strengthened.
ST. PETER'S CHURCH, EVERTON.D Wednesday
We cannot forego this opportunity of warning the
evening a tea meeting of the congregation and friends of
public against the frightful position of the
IRON
market, more particularly as regards Scotch the above church was held at the Concert-hall, Lord Nel-
Piga ; son-street. After tea, Thomas Eccles, Esq. was called to
and we notice that Messrs. T. and H. Littledale the chair. He briefly stated the purpose to which the
and Co., in their summary, give a few facts con- proceeds of the meeting would be applied, namely, the
netted with this article, which ace well worth seri- erection of a tablet, inscribed with the ten command-
zernetrsa,l t oclebreg py lma ceend
addressed e eas ture d
mo
ef
ell
n.
gP eat enrd' st Eeh
erec e-
of
attention. The production of this description
of Iron seems to be unlimited in amount, and tion of a school-room adjoining the church was strongly
in axcess of the demand for legitimate purposes. recommended. During the intervals of the speaking,
The stock in Glasgow is greater by 100,000 tons several pieces of sacred music were_ sung by the choir.
than ever before known—the make is also larger, About 1200 persons were present.
and for the ensuing year is estimated for Scotland THE FRENCH EMPIRE
hiss
robesclothing itself, with all the
at 930,000 tons, or just double the shipments, which
ofof sttlaietelemppecrreoefstalli -s
have been actually less by 26,000 tons than in 1851. eagerness of
acrielaurivnegnueir defiancee
matter-of-fact age, which barely tolerates such things
Yet, notwithstanding this, the price has risen more even where historical usage has consecrated them) Grand
than cent. per cent., the present quotations being Huntsmen, Grand Equerries, Arch-Treasurers, Grand
755. to 78s. per ton, for three months prompt, Masters.f of hertCereArtiionies,.airliclhall the living parapher-
ar kenglisrtsuoisf
buyers paying a small deposit, when it is well known 1 ()
salariedna l a
Senators, inclundnigngwsittrant geeninaamppees
by those connected with the article that it can be de Pastore], most Legitimist of Legitimists, the Comte' de
produced at 40s. to 425. per ton, and pay everybody Flahault, an Orleanist of the purest water, and M. de La-
concerned. We have had a dull week generally, rochejacquelin, of whose actual position it is difficult to
and prices have been barely supported. The con- give.. any precise account. At the same time—as if tojus-
tiretphee, conducti of
haveth e threeh coalesced Powerse of
aueraistceiirsn.
tinued unsettled state of the weather, with nwo
eo immediate prospect of abatement, has created some trust by keeping back the credentials of their Ministers—
uneasiness, and the raising the rate of discount by pamphlets advocating the wildest projects of conquest and
the Bank of England has had a tendency in the annexation are distributed in the barracks.—Guardian.
same direction. This last step has been freely can- The Brazilian barque Remorino, from Baltimore, had
va
put into 'Pernambuco, three or four of the crew having
sae(' on 'Change, where we hear it is generally
approved of. The cause is there attributed to a stabbed the captain, in a mutiny. They were sent to
desire England in irons.
to check the unparalleled speculation in iron
which we have alluded BLOCKADE OF MONTENEGRO.--A letter from Con-
With to above.
stantinople of the 18th ult. states that the Porte has offi-
With reference to the present state of the ship- daily announced to the foreign ambassadors there that i
ping interests,
Messrs. Tonge, Curry, and Co., in has given orders for the blockade of the coast of Monte.
their annual circular, sa
"This •
probperous state of things (alluding to the enor- WEST TNDIES.—The steam-ship MAGDALENA, with
rains emigration to Australia) we believe will continue the West Indian and Mexican mails, brought up, on
for twelve months, or it may be somewhat longer, when, Saturday, at the buoy off Netley Abbey, Southampton.
perhaps, it is not too much to expect some means will The Magdalena has had much sickness on board ever
have been found for freeing a large K number of the ships since she left St. Thomas, having lost two passengers,
that are now lying unmanned and incapable, at the various both of whom were from Mexico, besides Mr. Duke, the
Australian ports, amounting, by the last returns, to two purser, stewardess, end five of the crew, all of whom,
hundred sail, equal to about 110,000 tons, and which, when with the exception of two, died of yellow fever. She
freed. will return upon our market about the same time brought 850,000 in specie. Her news has been anticipated.
the large fleet of colonial ships, now in the course of con- CHANCERY COURT, JAN. B.—GRAHAM v. ACKROYD.—
struetion, will have found their way here, and which bear Sir G. J. Turner gave judgment in the above case (a bill
a proportion of five to three over those built in 1852, and in h )whichoutofcertain c ancery , arose
five to four in 1851." 1846, between the plaintiffs, merchants at Liverpool, and
The Return from the Bank of England for the the defendants, who were inspectors under a deed of trust
week ending the Ist
January gives the following for creditors, executed by Edward Rawson, who had
results when compared with the previous week : carried on business at Halifax. The bill prayed that the
of that deed might be performed under the direc-
Public deposits .. troun s£9 266 3-lo• Decrease.. , £31,384 of the court ; that an account might be taken ; that
Other deposits . , •.; 1 ' ' -'
2,993,952 ; Increase ..
/29,609 it might be declaredthatthe plaintiffs' I d t
were entit e obe
Rest ..
*" • • • 3,113,924; Increase .. 29,955 put on an equal footing as to their debt, which was of
On the other side of the account— considerable amount, with other creditors who had re-
ceived dividends. The bill Goveinment securities £13,961 11 also prayed an injunction,
691 ; Decrease.. £997 and sought to
Other securities • • 15,875,756 . I ase 1 739 804 ,
Notes unemployed .. 10,960,49_ ,
Decrease..
.. , , . ba.ance of £5,748. The learned jndge, after going
° ' Decrease.. 9 885 2a
, through the facts of the case, as set forth on both sides,
The amount of notes in circulation is
£23 053 510 decreed for the plaintiffs, according to
the prayer of the
being an increase of £828,005 ; and 3 3 3bill,the costs to be paidoutof
the stock of
bullion in both departments is £20,527,662, show. must have their costs as between solicitor and client.