The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-10-04 00:00:00

TUESDAY .11-ORNING, OCT. 4, 1853

THE intelligence which was receivedfrom Australia
in the middle of,the week created quite a sensation
among the manyinterestedin the trade to that rapidly
rising colony. The first impression was, that the
market was glutted, that merchandise was unsale-
able, and that ruin was impending over every
recent transaction. A more careful perusal of the
advices has, however, tended considerably to modify
these extreme views, and to revive hopes which

had well nigh sunk into despair. In all such cases
very great=allowance must be made for the bias of

those who furnish the reports, and who natu

count on the effect they will have in England. It
is only a .short time since we heard of the most
extravagant profits being realised for almost all
descriptions of merchandise, of demands for further
supplies, which none of the ordinary capabilities of
shipping could overdo, and of powers of consump-
tion whisk were increasing beyond all means of
repletion. The flattering story was believed : a
further impetus was given to ourexport trade, and
yet, long before a single shipment, influenced by
these reports, could have reached its destination, we
are startled with reports of sudden depression, and
every hope of gain is substituted by a fear of loss.
A cautions examination of these reports serves,
however; :to show that the allowance for exaggera-
tion must be fully as ample as in the preceding
case. The :ships are waiting in - the harbour with
their -cargoes, because lighters are few and dear,
and Melbourne has no dock accommodation. Goods
have been sbld at a sacrifice on their cost, because
:i
amateur exporters have sent unsaleable articles
under the false impression that any
thing would
do for .edlorial consumption ; .and the Australian
markets have been flat, because tbe•communication
diggings had been temporailY
with the closed by
natural causes, but were shortly ,expected to be
opened, when trade would necessarily revive.
Another report was, that manythousands of barrels
of flour were lying in
Sydney, so Isr beyond the
means of :consumption that they ,were being re-
shipped to England at a positive loss-; whereas, the

true verSionsis,that some of the barrels were sour,
and, there 'being no manufactories-there to con-
sume them, they would be more sasale in Man
chester, where they are largely used ba the manufac-
ture of cotton. .Upon a review of the whole, a fair
conclusion appears to be that the American shippers
are the greatest sufferers, having deluged the
market with breadstuffs, while the sale of goods
from England has. simply experienced aJull, owing
to temporary causes, and want of facilities for
communication. This view is confirmed 'by the

report that building was being carried ,on with
very great activityAhat all descriptions of building
materials continued,to.realise very high prices,:and
;that the labour of Skilled artisans was paid for at
:amost, if not quite, As:high rates as by the
,pre-
vious accounts. Theiie pie, therefore, little or no
cause for despair. The re-opening of the commun.],
.cation with the diggings, ould very shortly bring
fresh supplies of gold to the ports ; this would
necessarily restore the tone,of the markets for all
•merchandise of really saleable qualities, and remit-
tances would again be transmitted to this country to
recruit :the diminishing treasury of the Bank of
England.

Tan affairs in the East appear to have furnished when our shores have been left defenceless, owing
a theme upon which the daily papers in London to our available naval force being locked up at the
may amuse their readers, by bandying charges of extremity of the Mediterranean. This is no ex-
misrepresentation from wilfulness or ignorance, treme view of the case, for Russia would be our
and by eager rivalry in the possession of early and positive enemy ; Austria would be her ally; the
exclusive information. The Times announced, in I friendship of Prussia could not be counted on, and
an authoritative tone,
that two or three vessels there is nothing in the antecedents of Lours NApo-
from each of the fleets in Besika Bay had been LEON to induce tam slightest reliance upon his pra-
despatched to Constantinople, at the request of the fessions, if his interest pointed in another direction.
Sultan, in order to protect the English and French The order of the fleets in Besika Bay to advance
residents from the anticipated fury of the Turkish
.upon Constantinople may
be interpreted in a dif-
population. On Tuesday, the Morning Herald ferent sense by the French admiral, and should
declared, in a tone of equally seeming authority,
such a result spring from our further interference
that the whole of the combined fleets had received in behalf of Turkey, we have not even a ground of
orders from their home governments to advance complaint, as the refusal of the SULTAN to accept
for the protection of ,the Turkish capital. This the note agreed to at Vienna destroyed all further
was met by the Times,
positive contradiction, and an assertion that no The game of diplomacy, as far as England is
on the next day, with a claims upon the good offices of the parties to it.
orders had been sent out ; but that, at the request concerned, has been badly played. It commenced
of the respective ambassadors at Constantinople, with doubt and indecision, owing to the want of
two steamers only from each fleet had been sent. good faith on the part of our own PREMIER, and the
On Friday, the Herald returned to the charge, divisions in the Cabinet. The opportunity was
reiterated its former statement, and laboured to neglected of acting when it would have been done
show, by appeals to other papers, and by the cor- with effect, and now we must be content to retire
respondence of the Times, which, at the best, were even with the conviction of defeat, or suffer a still
but ambiguous statements, that its former au- more bitter humiliation