The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-08-23 00:00:00

but ti

LS, CA.BD-

;quelched."

"WLL's drivelling might have been
As far as regards the majority of the London newspapers,
daily and weekly, the abolition of the advertisement duty
does not as yet show a great increase in the olla podrida
advertisement columns. Most probal

gation of the tax has not had time to make its operatio]
felt. There is one remarkable fact with which I hay,
made myself acquainted, namely, that the sixpenny adrer
tisements—the " want places" description of announce

tumble in'

so fast or so flume.
3rs. Two of the daily

runts—do not seem to
rously as was expected by the project
metropolitan papers, I believe, take adve
above figure, and, as I have intimated, take, literally nothing
by the motion. " There is reason in roasting an egg,:,
quoth the old proverb ; we are all workers, but where is
the servant worth baying that would grudge a shilling
to advertise her or his " wants," and get a place in conse-
quence ?
Then why reduce the charge so low as sixpence,
which pays
nobody ; and, as far as the newspaper is con-
cerned, it turns out a bait that don't take—a cock that
won't fight, as the two papers I refer to now find.
Sir JAMES Gallium's paper, the old Whig Morning
Chronicle, is trying hard to get on,—good reporting—
good but heavy writing in its leaders,—criticisms, musical
and literary, light sometimes and thoughtless, but always
smart; they could not well be otherwise, considering who
does them ; early intelligence and so-forth—all may do
much : JAMIE GRAIIAM and Admiralty influence may do
more during the ensuing dead period,—the no-Parliament
period, when editors, I suppose, and scribblers gasp for
news, as 'landed trouts for water. The Times managers
certainly do their business in no mean, no niggard man-
ner. I say nothing about their giving pensions to the
retired litterateurs, bonuses to their p

ements at the

Liamentary re

porters after a hard session ; they (the managers) are
absolutely, among other "improvements," g; going to build,
a public-house of their own, in order that the men, from
the editors down to the porters and printers' devils, shall
have honest " wittels and drink" during 4-hip night—their
hours of work, without having recourse
where bad liquor is too frequently vended
Bob" (Lowe) will get the Times props

to night taverns,
" Whiteheaded

etors a license ii

twenty-four hours. - J.
The green curtain dropped for the season at the Royal
Italian opera on Saturday,' at midnight, after a brilliant
evening; the opera was William Tell," which never
Went so like Italian. TAMBESLIK ably vindicated his
position as the first tenor now in England. The house
was very crowded,—the artists were demanded and rede-
exuded ; to crown all, COSTA had his ovation on the stage.
Memo and GRIM had cart loads of bouquets and floral
wreaths east at their feet on Thursday. We may not hear
them a„crain. "0 ! Patria dolce." The Italians, when
well to ao, like to end their opera in fair Italia ; the love
of country is vastly strong in them. " God save the
,Queen ' was given as usual—not very well, but very
loyally.

ZOOLOGICAL GA•nnnws.---If these, gardens are not
filled, it is not the fault of the enterprising proprietor,
who seems determined that he will not lose public patron-
age for want of attractions. In addition to the many we
have already noticed, he has now announced a new Grand
Comic Pantomime, by M. Le Cl. -
IsTORTII AND
1, SOUTH W
teenth annual meetin;
the . •
of tiluaz, the directors' report 5t....
- e hank, for the year ending the
Crliste,il to £11,479. 7s. 10d. out of which i.-
Dec-el'abpil a dividend, for the iialf-year ending the
the red-1. last, at the rate of four per cent. per annum
and at:omee4„,caPital (£161,587. 10s.), free of income tt,
half ranting to £3,231. 15s. ; and a dividend for th
two di
g the 30th of June last, at the rate of fiv€
divid ii.,' antrum amounting to £4,039. 13s. 9d. ; the
the dividends 'T'aking g 7,2 .Bs.9d.After payment
e-
rnak. ' 71
19s. whichthe
ld., ere remained a surplus of profits of £4 207.
the reserved fund - directors had passed to the credit of
previously at th , and a sum of £823. 9s. 3d., having been
to £5,031. Bs. the credit of. that fund, it will now amount
-`t The position of the bank
wentftory and encouragin
rotation, but were eligliThe directors Who out by
Griffith and Mr. Lewisi pue for re-election, were Mr. Richard
chairman, seconded by Ari.rh. On the proposition of the
was unanimousl ado Joseph Betteley, the report
y —opted and ordered to be printed and
circulated among the 2
proprietors. The retiring directors
were re-elected; the usual
ora!A of £6,000 was voted to
the directors ; and a vote
itrectilrgt *OA the proceci447 to the chairman and

I's company.
lANK.—At the sev

a k'ricl

rd Griffith in

COMMERCIAL 4'

MONETARY NEWS,

MONDAY NIGHT

THE confident impression entertained at the early
part of last week, that political affairs in the East
had been brought to a peaceable settlement, led to
an improvement in the Funds which operated bene-
fioiniiv m the money market, and the demand for

Dne of confith

par•
•••••77,
ally restored, and still further confirmed when
Thursday passed over and the Bank Directors
made no advance in the minimum rate of discount,
a step which had been anticipated. Towards the
close of the week, however, rumours became rife
of fresh difficulties having been started with refe-
rence to the Turkish question, and the advance in
Consols was barely maintained, although there was
evidently a disposition to keep up the market. The
weekly returns of the Bank of England show
another decrease in the stock of bullion, a result
_gether be attributed to higher
es and increased employment in this country,
rich must before this have been pretty well
rovided for, but must, in a great measure, be
ring to demands from abroad. The 1.-- •
rtations of late have led to a considerable balanc€
trade against this country, even greater than
are- y a comparison of imports and exports,
fqr the greater part of the increase on the
-4-qiit places from which no adequate
et been received. The ill effect of this

which cannot alto

Ipparent t

is to at

continued decrease has, however, been much allayed
by the receipts by the Harbinger, which are sup-
posed to amount to nearly £600,000, and the other
consignments arrived and daily expected.
The tone of the market for Foreign and Colonial

uce has in

irly with refer

mtthere is an e

me measure impro'

ed, partieu-

sugar for refining purposes,
lent disinclination to enter into

any extensive transactions until all doubts with
reference to political affairs are definitively removed.
It is satisfactory, however, to observe that nothing
has yet occurred to disturb that confidence in com-

3-cotton manufacturing dis-

) any engagemen

demand!
This is owing chiefl3

for immediate consumption.

higher rate

to the difficulties in the money market causing
s for discounts, and also to the greater
cost of production from working the mills short

and the demands of the operatives for in-

ed wages, by which the margin for profits is
considerably diminished, and less encouragement

iven to sPeculation

Prices

however, are fairly

led, and there is no immediate prospect Of
I;no• AfF ;n I.4timate business. In the

woollen districts a fair— amount of trade is doing,
hut not at prices sufficient to realise great profits
at the present high rates for the raw material. In
the hosiery trade activity still prevails ; but foreign

VV
The Government do not seem very willing to
adopt the conclusions of the Committee on Decimal
Coinage, which was obtained by Mr. WILLIAM
M.P. for South Lancashire, without fur-
The Committee recommend

BROWN

ther delibc

that the present pound sterling s
unity, and that other coins shall form decimal pro-
portions of it, thereby rendering necessary a sup-
pression of the half-crowns and a total alteration
of the present copper coinage, with the additional
and still greater inconvenience of revolutionising
the whole system of weights and measures. In
hesitating to adopt such a theoretical scheme, the
Executive have exercised a sound discretion, for it
will be found far easier to devise such a plan upon
paper than to put it into actual practice. If we
compare the advantages and disadvantages, the
former will be confined to the mere additional faci-
lity for keeping mercantile accounts by saving the
labour of reducing pence into shillings and shillings
into pounds, and something more in the calcula-
tion of cwts., quarters, and pounds ; whereas the
evils are beyond all power of estimation, rendering
it necessary for a whole population to go to school

11 be tc

again, anc

more than c

whether it was worth while going through so
much to gain so little. By the present system, we
have the intelligible fractions of halves, thirds,
quarters, and eighths, which are practicable both
in quantities and values ; but by the Decimal sys-
tem divisions must be fifths and tenths, and exact-
itude would be in the majority of instances all but
impossible. Indeed, the value of the system of
cleeim9lq has been eoluaiderably overrated, being
chiefly applicable to abstruse calculations, and but
little to the business of every-day life. If we sup-
pose, however, for the sake of argument, that the
system had any value in itself, its adoption would
still be an evil, for a new generation must arise
before the common people would comprehend it, or
be able to adapt themselves to the change. The
Committee have referred to the examples of France
and America as proofs of its practicability, but they
are instances by no _means applicable to Great
Britain. In the one case it was a new people,
ready to adapt themselves to any system, having
all their habits to form ; and in the other instance,
it was a nation who had destroyed everything old
during the horrors of a Reign of Terror, and who
accepted the new system for the simple reason that
it was new. We are, however, an old people,
having ancient customs and long-formed habits ;
and such a change would produce a greater revolu-
tion than that which altered the succession from
the male to the female line of the Stuarts.
The return from the Bank of England for the
week ending the 13th of August gives the following
results, when compared with the previous week :

Public deposits ... £3,315,392; Increase £1,097,165
Other deposits ••• 12,190,020; Decrease 285,508
Rest •• • •••• • • • 3,,226; Increase 1,543
On the other side of the Mount--
Government securities £13,027,582; increase £249
Other securities ... 13,611,721; Increase 385,020
Notes unemployed ... 7,863,225 ; Increase 333,785
The amount of notes in circulation is £23,100,015,
being a decrease of £422,780 ; and the stock of
bullion in both departments is £17,309,574, showing
a decrease of £124,986, When compared with the
preceding return.
ISSUE DEPARTMENT.

Notes issued ... £30,963,240 Governmt. Debt £11,015,100
Other Securities 2,984,900
Gold
old coin & bu11'n.16,944,088
Silver bullion ... 19,154

£30,983,240

BANKING DEPARTMENT.

£30,963,240

Prop. Capital ...iii,ss3:ooo76;Thec—i-iriiies £13,027,582
Rest " - ... 3,344,226 Other Securities 13,611,721
Public Deposits 3,315,392 Notes •• • 7,863,225
Other Deposits 12,190,020 Gold & Silver Coin 346,334
7-day & other bills 1,446,224

£34,848,8621 £34,848,862
The same inactivity still is the characteristic of
the SHARE MARKET. The members of the Stock
Exchange are certainly not at present participating
in the general prosperity ; we are assured that
very few of them have any real business at present ;
this, however, might have been looked for after
the excitement which has prevailed so long in this
market. The present calm, we doubt not, will be but
of short duration. Our local stocks continue firm,
and there are buTers at the nominal quotations.
We add this day s prices :—Caledonians, 338 •
Eastern. Counties, 12 15-16 ; Lancashire and York-
shire, 754 * 4 61 f-3- 6* 4 ; Ditto Fifths, 4-id ;
London Stock, 112 4 12 1; Ditto Fifths, 14p;
Midland Stock, 71* :I 842
1 *; Dover Stock,
21* 1$ 2 ; Dutch Rhenish, 2d.
COTTON.—The market during the week has been
very quiet, owing to the manufacturers refusing
to purchase more than for their immediate necessi-
ties, and having recently well supplied themselves,
their orders are not large. Speculators have also
been quiet, and both parties have been in a great
measure actuated by the higher rates of discount.
As the news from East was, however, more
pacific, and money became easier, there was a
slightly improved tone, but holders throughout
have been firm, and prices, therefore, have expe-
rienced very little alteration. The accounts from
America, as to the state of the growing crop, have
been somewhat contradictory, and have had little
or no influence on this market. Stocks here are
much reduced, and it is the. opinion of some well-
informed men that prices must go higher. To-
DAY the sales amounted to only 5,000 bales, of
which 1,000 were on speculation and for export, at
about previous prices ; and the market, generally,
was inactive.

SALES.
DESCRIPTION. PRICES. Week I Prey].
ending ously
Aug.l9. this yr.

' IMPORTS
WeeK This
ending Year. Aug.l9
,Aug.l9.

!STOCK

Sea Island l9 038 200; 14490
Stained 9 15 30; 1140
Boweds 4 61 9090 335070
Mobile 42 61, 4170 212990
New Orleans. 4 8f 10900 724730
Pernams, &c. 82 1220 52340
Bahia, &C.
Maranham 6f 71 1460 29123
Demerara,&c .... 440
Egyptian 6 15 2140 92190
Com.W.l.&c. 8060
Surat
Madras
Bengal 3f 40 4450

3410 424789
} 11436 866454

530050

1850 39843 9480
20854 3310
21436 14960
495 630
13.60 77297 92180
_ _ 4884 2790

}••..1
2868 185899 131410
.... 4356 1440

3490-011674410

16463071 786230