The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-12-20 00:00:00

COMMERCIAL 4ir MOJVETARY NEWS.

MONDAY NIGHT.

THE monotor w of the week was suddenly broken
in upon on Fri( lay, by the announcement that the
Coalition had b egun to split by the resignation of
LordPALmnas roN. The news bad, however, so little
effect upon the Public Funds, that they. experienced
' a slight adva ace ; but the upward tendency was
'checked b 3 re ports from the East of further re-
'verses to the ' Turkish forces, both on sea and land.
Money has be ;en in increased demand, which is not
'unusual at tb is period, when the financial quarter,
-drawing to a close, the revenue payments become
ilarger. The returns of the Bank of England,
-published in the London Gazette, on Friday, show
' :an increase in Bullion to the extent of £248,727.
The other changes are an increase in the Public
Deposits of about two-and-a-half millions, while
-the Private Deposits have increased about half .a

The reports from the Manufacturing districts
-show a gradual but steady improvement in busi-
ness, though checked in some degree by the re-
ports of more active hostilities in the East. This
'improvement is chiefly in the lower descriptions of
goods, and accounts for the rise in the inferior
qualities of Cotton in this market, while the finer
sorts are, comparatively, dull. The cessation of
labour, owing to the number of operatives out on
strike, and other mills working short time, must
have had considerable influence in lowering pro-
hduction, and thereby easing the market of any
redundant supplies. In the Woollen districts trade
is also reviving, and prices have experienced a
corresponding advance, notwithstanding the more
:abundant supplies of the raw material.
The recent large arrivals of Gold, not only from
Australia, but from America, with the advices of
--still further shipments, and' the accounts of new
discoveries brought by the last mail, have not been
without their influence upon our markets, and 'in
the tendency to restore that feeling of confidence
which is indispensable to commercial prosperity.
It will be remembered that when the intelligence
was first received of the discovery of enormous dis-
iricts of gold in our Australian Colonies, an
apprehension was gravely entertained that such an
influx of the circulating medium would seriously
derange our monetary transactions, and produce
evils, against which it would be difficult, if not
impossible, to provide. We then stated that a
long time must elapse before any sensible impres-
sion would be created, inasmuch as the additional
demands for circulation would prevent any incon-
venient accumulation ; and the results as yet have
more than justified the correctness of our opinion.
Indeed, so far from having suffered from a plethora
of gold, the fear has been one of a totally opposite
character ; and the stock of bullion in the Bank of
England has since, with but few exceptions, been
gradually diminishing ; and a length of time must
still elapse, with continued receipts, before the
Bank coffers will be as full as they were before the
new supplies began to be received. In the mean-
time, however, commercial affairs may be con-
sidered on a satisfactory basis, as there has been
no over speculation to lead to apprehensions of
any serious reverse, while the rise in prices of
most articles in general consumption has been
gradual, and subject to very slight fluctuations.
Our SHAW& 314arcEr has been extremly quiet
all week, but very firm ; and although there has not
been an amount of business to cause much varia-
tion in prices, the tendency has been and is
decidedly towards improvement. In the settlement
just passed, stock has again been scarce, and there
has been a fair amount of real buying for the
account now current, the public appearing quite
uninfluenced by the unsettled state of politics at
home and abroad. We annex this day's prices :
Caledonians, 281 ; Lancashire and Yorkshire, 68*;
Lancaster and Preston, 55p ; Ditto Three-fourths,
49p ; Ditto Twelfths, 9+ ; Ditto £ll shares, llp ;
London Stock, 1031 4 ; Midland Stock, 641 ;
Dover Stock, 19 3-16 + 3-15 ; York, Newcastle,
and Berwick, 161; Poltimore Copper and Gold
Mine, ip ; St. Helen's Railway and Canal 6 per
cent. pref., 126 • Shrewsbury and Chester 8 per
9 cent. pref., 16 • lloyal Insurance, 1 15-16 p.
The return from the Bank of England for the
week ending the 10th of Dec., gives the following
results, when compared with the previous week :
Public depohits £10,027,163; 1ncreme£2,367,242
Other deposits ... 10,910,077; Decrease 570,085
Re3t 3,181,817; Increase 0,191

. .
On the other side of the account--
Government securities £15,043,730; Increase £1,421,691
Other securities ... 16,525,237; Decrease 61,581
Notes unemployed ... 7,575,175; Increase 374,385

The amount of notes in circulation is £21,015,460,
beinc, a decrease of £1.60,340 ; and the stock of
bullion in both departments is £15,341,294, showing
an increase of £248,727, when compared with the
preceding return.

ISSUE DEPARTMENT,

Notes issued ... £28,620,635 Governmt. Debt £11,015,100
iOther Securities 2,984,900
Gold coin & bu11'n.14,620,635
;Silver bullion ...

£28,620,635

£28,620,635

BANKING n
Prop. Capital ... £14,553,000
Rest ... 3,181,817
Public Deposits 10,027,166
Other Deposits 10,910,077
7-day & other bills 1,192,741

:PARTMENT.

Gov. Securities £15,043,730
Other Securities 16,525,237
Notes ... 7,575,175
Gold & Silver Coin 720,659

£39,864,8011 £393864,801
COTTON.—The business during the week has
been to a large extent, the amount up to Friday
being no less than 55,700 bales, of which 35,910
were sold to the trade, 15,860 to speculators, and
3,930 for export. Prices of good ordinary and
middling sorts were about 1-16th dearer, whilst
the better grades being in better supply, in conse-
quence of the new arrivals, are without change. On
Saturday the sales were 7,000 bales. To-DAY the
advices per Canada were received, but had no
other effect than to maintain the firmness which
previously existed. The sales were 8,000 bales, of
which about 2000 were on speculation and for
export. The following is a comparison of present
rates with those of the correspending, period last
year :

New Or]

leans, middling

Uplands,

,
fair
middling
fair

... 5 9-16 d 6kd.
s'd.
... 6 d.