The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-07-12 00:00:00

COMMERCIAL AND MONETARY NE if S.

MONDAY NIGHT.

THE continued ur.certaintyas to the state of poli-
tical affairs in the East has prevented any change
from that monotonous dulness which prevailed
during the previous week. Each day has produced
its reports of varying effect upon the probable issue,
but it is satisfactory to observe that none of them
have produced any very serious effect on the value
of public securities—a convincing proof of the
healthy state of monetary affairs, and the little real
alarm as to any actual disturbance of the peace of
Europe being likely to_arise from the present state
. .

of the negotiations. It was at one time thought
that the crossing of the river Pruth by the Russian
troops, and the occupation of the Danubian pro-
vinces, would be the signal for the entry of the
British and French fleets into the Black Sea, and,
consequently, a declaration of hostilities. Recent
telegraphic despatches state that the crossing of
the Pruth has been effected, but the movements
of the fleets through the Dardanelles wait for
the instructions of the British and French ministers
at Constantinople, which can only be given at the
request of the Turkish Government. This has not

yet been made, and as the Russian Government
has repudiated any belligerent intentions in occu-
pying the provinces on the Danube, it has been
seriously argued that no cases belli has yet arisen
to justify an interference on our part ; and if this
is the true interpretation, there appears to be no
immediate probability of any breach of amity, as
Russia has distinctly disavowed any design of fur-
ther demonstrations. The Funds have been slightly
affected, but have since rallied, and as the Com-
missioners for the Reduction of the National Debt
have a larger sum than usual at their disposal, we
may anticipate a still further advance. The returns
from the Bank of England again show a decline in
the stock of bullion, arising, without doubt, from
the large importations leaving the balance of trade
against this country ; but as money is easy for
commercial purposes, there is nothing at present to
disturb the confidence in mercantile security which
appears generally to prevail. This is further con-
firmed by the little speculation going on, and the
firmness maintained, even in those markets where
prices it was at one time expected would have gone
much lower.

In the manufacturing districts the unsettled state
of political affairs has tended to produce caution,
but the market, on the whole, is healthy, and prices
are firmly maintained. The most serious affair as
affecting future prospects is the turn-out of opera-
tives, which, so far from being brought to a satis-
factory termination, is becoming more widely
spread. A counter agitation is attempted in the
establishment of " the Manchester Spinners and
and Manufacturers' Association," but unless for re-
sistance to the attempted dictation of the workmen,
it is not easy to see what good can be effected by
the masters following the bad example which has
been set them. From the other manufacturing dis-
tricts the reports vary little from the previous weeks,
the rumours of war constituting the prevailing
topic, while the business transacted is confined to
the demands for immediate consumption, the high
prices of the raw material leaving very little opening
for speculative operations,
The returns of the Board of Trade for the month
ended the sth of June, which have just been pub-
lished, again show a considerable increase, as com-
pared with the corresponding period of last year,
amounting on the Declared value of Exportations
during the month, to £1,187,558, and making a
total on the first five months of the year of no less
than £7,313,528. On the month's account, the
principal items of increase are Woollen Manufac-
tures, £259,720 ; Metals, £237,276 ; Cotton Manu-
factures, £196,178 ; Haberdashery, £137,892 ;
Hardware, £88,027 ; Leather, £62,600 ; Beer,
£61,214 ; and Machinery, £59,091. Upon very
few items is there any decrease, the principal being
Wool, £72,196. Upon articles imported and taken
for Home Consumption, there is an increase on
Tea from 4,797,535 lbs. to 9,253,298 lbs., which
accounts for the large increase in the receipts of
Customs during the quarter. Of Wheat, the in-
crease is from 184,461 qrs. to 525,236 qrs. The
other items present little worthy of notice, there
being a slight decrease on Coffee, Cocoa, and
Sugar, and a considerable decrease on Foreign
Fruits and Spices. Of raw materials, there is an
increase on Flax of 22,753 cwts., and on Wool,
from 7,625,875 lbs. to 9,765,391 lbs.; and a de-
crease on other articles—Hemp, from 100,928 cwts.
to 38,250 cwts.; Raw Silk, from 391,283 lbs. to
384,993 lbs. ; Cotton, from 1,448,524 cWts. to
731,128 cwts.; and Tallow, from 45,386 cwts. to
05,805 t.ir Lz.

The return from the Bank of England, for the
week ending the 2nd of July, gives the following
results, when compared with the previous week :
Public deposits .. £5,615,362; Increase £83,249
Other deposits .. .. 12,504,620 ; Increase 172,210
Rest .. .. •.. . 3,149,789; Increase 33,578
_ _

On the other side of the account—
Government securities £13,116,997 ; Decrease 1,013
Other securities .. 14,372,331 ; Increase 666,942
Notes unemployed .. 9,204,260; Decrease 359,065
The amount of notes in circulation is £22,847,820,
being an increase of £216,260 ; and the stock of
bullion in both departments is £18,553,905, show-
ing a decrease of £111,384, when compared with
the preceding return.

ISSUE DEPARTMENT.
Notes issued .. £32,052,080 i Govrnt. Debt.. £11,015,100
Other securities 2,984,900
Gold coin& bu1n.18,032,926
I Silver bullion .. 19,154

£32,052,080

£32,052,080

BANKING D
Prop.'s capital £,14,553,000
Rest
Public deposits. 5,615,362
Other deposits . 12,504,620
7-day, &c. bills. 1,372,642

£37,195.413