The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-02-23 00:00:00

FINANCIAL AND COMMERCIAL SUMMARY.

LATEST INTELLIGENCE.

(BY EXPRESS.)

LONDON CORN MARKET.—YESTERDAT.
During last week, up to Saturday evening, the arrivals of
English Wheat in the port of London, were unusually small,
While those of all other articles of home prOduce were on a very
limited scale. By land carriage and sampres, the receipts were
trifling; and the same observations may be applied to those
from Ireland and Scotland. The imports of foreign corn,
pulse, and flour were limited. Fresh np to-day, a moderate
quantity of wheat of home produce reached us from Essex ;
but the supply from Kent, Cambridgeshire, Szc. was small.
The market opened by the factors demanding an advance in
the quotations paid on Monday last—arising from the limited
number of sample's brought forward, of from 4s to Ia per qr.
At that improvement no sales were effected; and the trade be-
came excessively heavy—so dull, indeed, that up to twelve
o'clock scarcely a single parcel had changed hands. Under
these circumstances, we have to report unusual dulness in the
trade, and, in some instances, a. decline of quite Is. per qr. in
the rates paid on this day se'nhight. At the conclusion of
business, a clearance had not been effected.
The show of Foreign was again small, yet, owing to the millers
evincing an uneasiness to purchase at present prices, the trade
was in a sluggish state, at barely last week's quotations. Not-
withstanding the quantity of barley was limited, the trade with
that article was exceedingly dull, at an abatement in value of
from Is. to 2s. per quarter. Superfine White Malt moved off
slowly at full prices; but all other kinds might have been pur-
chased on someweat easier terms. With Oats we are again
scantily supplied. Still, however, the Oat trade was slow, and
prices were with difficulty supported. The sale of Beans was
heavy, and when transactions were forced is to 2s per qr. lees
money was taken. In Peas next to nothing was doing, ate
re-
duction of is per qr. The Flour trade was very dull, bo
sack and barrelled parcels, at barely late rates. Indianth for
was dull. Corn

SMITHFIELD CATTLE MARKET.—YESTERDAY.
The number of home-fed Beasts on sale was seasonably ex-
tensive, and of full average condition; yet the actual weight of
Beef was not equal to that exhibited on Monday last. The
dead markets being heavily supplied with country-killed meat,
and the weather by no means favourable to slaughtering, the
Beef trade was in a very sluggish state, at, in most instances, a
decline on last week's quotations of 2d. per Sib.—the highest
figure for the best Scots not exceeding 4s. 2d. per 81b.
The number of Sheep were again very 8.1,a11' owing to which
the salesmen demanded advanced rates for that description of
stock. In some instances, a trifle more money was paid for
the primest old Downs, but as this advance was by no means
general, we can make no alteration in our Wit week's rates.
The trade, however, must be considered firm ; and a good
clearance was effected. There were about 300 shorn Sheep of-
fered. •
With Calves we are scantily supplied; yet the veal trade was
heavy, at the late decline in value.
Pigs were in moderate supply and sluggish inquiry at unal-
tered rotes.
MONEY MARKET.— : A ESTE anAv.
The financial expose of the Chancellor of the Exchequer is
the subject, of speculation in the monetary circles this morn-
ing ; but nothing new has transpired on the question, and bu-
siness has been held in abeyance with little change in prices up
to this time.
There has been but little business done to-day in the Stock
Exchange, and but little alteration in prices has taken place.
Consols have been alternately buyers and sellers at 001 for
money and the present account ; Exchequer-bills 2 6 pm. ;
Spanish Five per Cents. ditto Threes 354 4.

THIRD EDITION.

Standard-office, Two o'clock

LIVERPOOL CORN EXCHANGE, Tins DAY.

Aided by a favourable wind during the greater part of
last week, the arrivals into this port since the 16th in-
stant, include a more liberal accession of Wheat and other'
grain coastwise than for some time past, whilst the re-
ceipts from Ireland appear to have nearly ceased ; from
abroad, however, and chiefly from America, we have to
note a fair supply of Wheat, a very large import of Indian
Corn and Meal, with 30,191 barrels of Flour. •
At this day's market there was a dull business at the
commencement, but improved towards the conclusion,
Wheat selling at a decline of 3d. to 4d. per bushel.
Flour offered partially at 40s. 6d. to 415., but the majority
of holders withdrew it from the market.

Malting Barley and Malt, unvaried ; grinding Barley,
2d. to 3d. per 601 b lower.
Oats slow sale, at ld. decline ; Oatmeal, no variation.
Of Indian Corn the arrivals were immense, giving way
in value fully 3s. per qr.

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The favourable news brought by the Halifax steamer,
combined with the defeat of Lord George Bentinck's rail-
way scheme for Ireland, gave a. buoyant tendency to our
money market towards the close of the week, the demand
both at the bank and out of doors being lightened. More
cheering accounts are beginning to be entertained of t'he
sufficiency of the supply of food ; and speculation in grain
of all descriptions has, in consequence, received a check
which promises to be a permanent one.
The transactions in our market for cotton have been
limited, at reduced prices the quantity sold during the
week being only 14,520 bales, of which speculators took
1250, and exporters 1050, leaving 12220 for consumption.
The imports have, on the other hand, been rather large,
viz., 48,391 bales. Prices are fully id. per lb. lower at
the close of the week, and ld. below those of the Ist of
January. The short crop outcry, like most other previous
outcries of the kind, has given way to a great extent. The
produce, it is now stated confidently, will reach 2,100,000
bales, whilst some even predict 100,000 more. The pick-
ing for the season commenced at least a month later than
last year ; yet the arrivals at the ports already exceed
those of a corresponding period of 1816 by 20 or 30,000
bales. The extensive reduction of the hours in the fac-
tories will tend to render the deficiency in our total stock
on hand unfelt.

In the manufacturing districts all is gloom ; and the
fall in the price of the raw material, instead of bringing
the prices of yarns and cloth into something like a rela-
tive proportion to that of the raw material, appears to
have created increased distrust and disinclination on the
part of purchasers -to come freely into the market. The
millowners in the district of Stalybridge—the last to
adopt the short time movement—have begun to work
eight hours a day ; and although some houses in other
districts have resumed full hours, there is every prospect
that a further restriction must be resorted to, and too
much prospect that some mills will be compelled to cease
working altogether. The state of some of our foreign
markets, however, affords a hope that a revival of the
energy of our manufacturers is not far distant. In the
United States a large spring business has already been
done; and .the rich harvest, which is being reaped by the
American farmers must result in increased orders for
British fabrics in return. The same cause must operate
to our advantage-in some of the Continental markets.
Our colonial advises received during the week are upon
the whole encouraging. From the Mauritius, our ac-
counts received to the 11th December state that the ex-
ports of sugar up to the 30th November, last year, were
45,134,2001b5., against 35,056,9991b5. in the preceding
year. From Jamaica, however, we have discouraging ac-
counts. A recent communication states that,—"During
the whole of 1846 the exports of British goods to Colom-
bia and Cuba barely equalled the half shipped in 1845;
and the trifling sum refunded in drawbacks by the Re-
ceiver-General testifies the limited amount of our foreign.
commerce. Our foreign trade is also leaving us. The
heavy imposts in the shape of tonnage duties, and the
high rates from freight, place us in most unequal compe-
tition with other islands, particularly that of St. Thomas,
which, although not so advantageously situate in a geo-
graphical point of view, possesses the advantage over us
in every other respect. The island or home trade has also.
considerably diminished compared with what it was in 1845.
Here agricultural distress has been severely felt, in addi-
t on to the system of heavy taxation, direct and indirect.
The trade of 1846, taken altogether, must be regarded as
the most unsatisfactory since the year 1841."
Accounts from St. John's,, New Brunswick, to the 23d
January, quote the rate of sterling bills 8 per cent.
Freights for England had been effected at 365. for timber,
and at 111 s. 3d. for deals.' White pine was quoted 275.
Gd. to 30s. ; red pine 15s. to 205., and birch 15s. to 225. 6d. .
By the arrival, on Sunday, of the packet-ship Oxford,
from New York, 'in 17 days, we have New York papers to
the 4th Instant. The information which they contain is not
very important. In cotton a pretty large business had
'been done since the sailing of the steamer, although the
market was less excited—prices firm. Up to the last
dates, there was an excess in the arrivals of cotton at the
.ports of 29,394 bales over those of last year. The ex-
ports, however, from the United States to this country,
still exhibit a decrease up to the last dates in this year as
compared with the preceding two years. This may in
part be attributed to the high freights asked and the pre-
ference given to bread stuffs.
The advises from New Orleans are to the 25th ultimo.
Business had been dull in cotton previous to the arrival
of the ship Aberdeen, bringing accounts of the advanced
prices in Europe, which created great excitement in the
market, and a large business was done at advanced rates.
The closing prices are quoted at ordinary to good ordinary
91 to 10i, middling 10a to 101, good middling Mk to 14,
middling fair la/ to 11, fair 11h to 111, good fair 12 to
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The advices from Savannah are to the 29th ult.. at
which date the market was very firm at an advance of
closing at inferior KC. to W., ordinary 9*c. to 101 c.,
middling:lole. to 10-c., middling fair IW. to 10-gc. ;
round bales of a similar quality are about *c. to ;lc. per
lb. cheaper • sales of the week 4,231 bales. Transactions
in Sea Island limited ; sales 157 bales.

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At Charleston, Jan 30, the advices, per Hibeinia, had
caused an advance of to 2c. per lb.
At Mobile. to the 23rd, a large business had been done,
the sales for the week ending 23rd ult., being 23,500 bales
at 10 to 111 cents.

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The corn markets at all the ports had been driven
upward by the advices per Hibernia, but were showing
symptoms of dulness at the last dates. The advance,
however, taken in connection with the decline here since
the departure of the steamer, will ensure the recurrence
of smile ruinous reverses amongst the speculators in the
article. From January 23d to 30th, Genesee flour rose
from 55,62 to 415,681 per barrel to 43'7. at which sales
were made. Wheat, on the 23d January, was at S'l,lo
to 41,12 per bushel ; on the 30th it was 5'1,50, sales.
Indian corn rose from 72c. to 76c. per bushel on the 23d,
to =Si on the 30th.

THE NEW ORLEANS ETHIOPIAN SERENADERS.-This
justly celebrated band of American melodists have con-
' eluded their engagement at the Adelphi Theatre, where
their performances throughout drew forth enthusiastic and
encouraging bursts of applause. We are happy to say
that they purpose to prolong their stay in the town yet a
little longer. They have taken the Liver Theatre, in
which they last night gave the first of a new series of their
amusing and highly interesting - concerts. The "audience
was numerous and -respectable, and the " niggers" ap,
pearOd to excel their former selves, and were repeatedly
and loudly encored. We have not room to enter into de=
tails of their several feats, vocal, instrumental, and, we
may add, gymnastic. Suffice it to say that they exhibit a
versatility of talent which is truly astonishing ; that they
far surpass all former essayists in depicting negro character,
agility, and song in its more civilised condition, with a
just perception of its quaintness and, drollery, • as
well as of :the occasional pathos that,. in common.
With. the white man, is exhibited by the Ethiop
There is nothing of coarseness, but much of originality,
the pieces being varied nightly. Amongst the perfor-
mances of last week,,which we noticed as peculiarly ex-
; cellent were " Mary Blanc.," (as an American,) by Mr.
Swain; " Charmin' Susiana," by Sandford ; solos on the
violin, by Ole Bull, a mere youth, but very talented ;
" Lucy Neal," &c. The Ethiopians, in tine, must be -
seen and heard to have their moils dull appreciated. We
happen to know, however, that the whole corps are gen-
Hemet' in, education and manner;
_ that- they are linked
together as brothers ; and that their main object is to
impart a just idea of negro feeling and talent in the
principal cities in England anti on the continent of
Europe.

-Freights to Great Britain, &c. have still further advanced, ,
the supply of vessels being entirely inadequate to the demand.
To Liverpool the engagements have been at 7s. for Flour,
(7s. 6d, asked,) 22d. to 25d. for Grain in bags and bulk, (26d.
asked ahead,) 808. for Cheese, 7-16 d. for square Cotton, (sd.
asked ahead,) &c. ; to Newry 25d. for Corn in bags, Bs. 3d. for
Flour ; to Cork and a market, Bs. for Flour, and 25d. for Corn ;
to other Irish ports. 7s. Gd. and 244 d. to 25d. To London there
is no change. To Havre there is not much offering ; 1 dollar
371 cents is asked for Flour. We hear of several ships char-
tered at the eastward, to load at Philadelphia and Baltimore,
for Liverpool, at 7s. Gd. up to 9s. for Flour' and 24d. for Corn
in bags; and some in Philadelphia at Bs. to 95., including one
yet on the stocks, at the latter rate.
To Liverpool : Cotton, sq. and rd. bales 7-16 d. to 4d. per lb. ;
' Wool, 4d. ; Seeds, 15s to 16s. per tee. ; Beef, 125.; Beef and
Pork, Bs. per barrel; Flour, 75.,- Turpentine, North County,
7s. to as. ; Leather id. per lb.; Heavy Goods, 755. to 80s. per
ton ; Gram, in bags, 23d. to 25d. per bushel.
EXCHANOE.-Tilere has been nothing of importance done n
Foreign since our last, and our quotations are nominal ;•• Bills
on London, sixty days' sight,
.e sterling, 5i to 6,1, per cent.
premium ; bills on Paris, st. 40c. to sf. 374 c. ; bills on Amster-
dam, 39irc. to 394 c. ; bills on Antwerp, 394 c. to 394 e. ; bills on
,Hamburgh, Marco Banco, 34ic. to 35c. ; bills on Bremen, rix
dollar, 77ic. to Viie.
The .New York Morning Herald of the 4th instant, in
an article on the agricultural resources Of, the United
States, remarks that hitherto restrictions in Europe had
discouraged their cultivation. " These obstacles," he
' continues, "are now, in a measure removed, and the
agricultural resources of those States 'will hereafter be
most rapidly developed, and we shall, even with our ex-
travagant anticipations, be surprised at the annual pro-
ducts of such States as Indiana and Illonois. These two
States can, if pushed, with favourable • seasons, product
enough to supply our whole demand for consumption,
leaving the production of bread Stuffs in all. the other -
States to supply any foreign demand that may arise."
The quantity of wheat grown in the United States was,
in 1843, 100,310,856 bushels ; in 1844, 95,607,000; and
in 1845, 106,548,000 bushels. The quantity of corn wasf
in 1843,494,618,306 bushels; in 1844, 421,953,000 bushels,
and in 1845, 417,899,000 bushels. • The :estimate for
1846, the correct returns not being available, is, that
the, aggregate product was 121 per cent. over that
of 1845. The. product of 'wheat is put down at
119,866,500 busheLs, equal to 23,973,300 barrels of
flour; and of corn 470,136,375 bushels. The surplus
flour left for exportation,
,leaving sufficient grain for seed,
is estimated at 3,173,000 barrels, or about double the
quantity ever shipped froM the country.
Our contemporary says that, " Fifty cents a bushel for
Indian corn, pays the producer a very handsome profit,
and is equal to wheat at one dollar per bushel. We have
no doubt contracts to any amount can be made now for
corn, deliverable next fall, at fifty cents per bushel ; but
our advice to the farmers is, avoid all contracts."
This speaks volumes in proof of low prices of grain. so
soon as our emergency is past, and average seasons in this
country lend their aid to the process of reduction. The
value of wheat, corn, and cotton produced in the United
States in each of the past four years has been as annexed :
VALVE OF WH LAT, CORN AND COTTON PRODUCED IN THE
UNITED STATES.
1843. 1844. 1845. 1846.
Wheat .....395,295,313 86,046,309 106,54,8,000 134,849,813
Corn 276,986,251 210,978,500 292,529,300 376,109,100
Cotton.... 52,236,206 47,965,985 65;526,160 90,000,000

- T0ta1.... $424,517:770 114,988,694 464,603,360 600,958,912
It xix UNKNOWN BEFORE THE FLOM—May' I request To the manufacturers of this country, to which the
(through themedium of your colunftis) from my clerical greatest part of this surplus produce of the American ex-
brethren, the statement of any reasons they may have to ports have come, this ought to bring encouragement,.
offer, in refutation of an opinion 1 hold that. rain was especially when it is known that the exports from this
Unknown iu the world till the time of the deluge. This country to the States have been so far light in proportion
opinion I ground on Genesis ii. 5,6, compared with Ge- to the ability of the country to consume.
nosis ix. 13, and 14. In the former passage we are told The annexed statement exhibits the number of pack-
that. " the Lord God had not caused it to rain upon the ages exported to the United StateS from Liverpool for the
earth," but that lie " watered the whole face of the months of September. October, November, and Deeem-
ground by a mist" that went up from the earth ; and in ber, 1.845 and 1846 :
the latter passage it was•intimatcd that the rainbow was PACKAucs of )av Goons I?,xpoirre.n To THE UNITED
:',TATES FROM LIVERPOOL:
s.cen for the first time, not till after the deluge. Hence)
.. l'ork. Boston. Phila. Ball. iS'oulh. Total.
it appears to me easier and sq.Pr to suppose that there had ~5 13,4t10 4,237 3,143 655 1,012 •)2,537
been neither rain nor rainbow Inybre the flood,— than to 1846 10,825 3,208 3,735 82 1,361 19,881 suppose that the tall of rain had been an ordinary (wear:. This shows a falling off of 2.656 packages in the last
renee for upwards of 1,600 years, without the rainbow tour months of 1846, contpared with the corresponding
beingfrequeittiy seen as it, is now ; and the conclusion tO period in 7845.
which lam led is, that, previon,sly to the universal deluge, • . Paovistoxs.—The market for Ohio - Pork Continues in an
there had been no rain; but that instead of it, " there excited state, and prices have further considerably advanced.
.
went up a mist from the earth, and watered, the The sales are about 3,000 barrels, at 11 dollars /5 cents to 11
whole face of the ground," and that, consequently, dollars 75 cents for prime, and 14 dollars 25 cents to 14 dollars
not till after the deluge was, the rainbow seen. 50 cents for mess; at the close, 12 dollars and 15 dollars was
when the Lord God paid unto Nbah, "I do set my bow ot:
sot I for 2,500 or 5,000 barrels; 200 barrels Baltimore prime
me
ss sold terms not made public. Beef is very firm, and
in the cloud, and it shall come to pass," &c. What form prices gradually tend upward;' some 706 to 800 barrels country
of words mu, indeed, more-701 May, intinia c, rather I and city have been sold at our quotations, which we have again
would say, declare, that it was then so " set " for the advanced ; 200 tierces prime niess sold, a day or two since, at
fir.vt time, and that, therefore, both it and that, wherein 17 dollars, now worth about 18 dollars. Of beef !tams 400 to 00
' /9
! recently at )3 dollars to 13 dollars 50
it was - " set, were objects alike Unknown before' the ch:tiaisanvie4idlolars i'l titC- (leManded. Pickled meats are verY
flood' [lad the rainbow been manifested heft re the quiet: 50 tierces old if an. sold at 6, and 30 ditto sour shoulders
flood, bow
.could it be a sign that there should be no at 4 cents. Ohio Lard is wanted, and sales have been,,,TalteBol
repetition of the saute-awful eat astrophe ?On the other 500 kegs new at 9, and +OOlO 500,-barrels,partr-vt,oluaer.ri,
t ti'mt the
hand, how could it have been otherieise than maiiijeste to Si cents. Hatter and Cheese
arrels,
11.18 Tor the better (Nati-
hao the f,ffi of rain, one of the causes of it (-s. its -name ularkc.l is steady .a ,!Itr qatntaaticoenasi,"ev tile
tics of butte w slightly t . ._.
imports) been all ordinary occurrem•e ? To suppose-that
rain had 'been constantly fallingfroM the days of Adam Beef
- 6,147 •,,
. Until the time, of Noah, without having once—not to say Pork
is
y cry have been d
export hum lit to 31st Jauttarly:7l4 ii;
18,104 kegs;
often- course of one thousand six hundred years I,,LaKrd_
has continued in good demaintAbr,MOrt, chiefly to
by the refraction of the rays of
.the sun, produced a rainbow,
sol at
woldd be, it appears to me, to suppose the intervention of . dollars 12f cents to 4 dollars 25 cents caSh, the former price,
.The market
sGrei ateßritain
cents
Ireland, and 600 tierc
a repeated n,i,wele to prevent it.— Correspondent of for inferior broken., 'firm, and full rates _
have been obtained.
Chet ruinNtate Gazelle.
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