The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-11-23 00:00:00

THE LIVERPOOL STANDARD.

LONDON AND NORTH-WESTERN RAILWAY.

OPENING OF THE TRENT VALLEY RAILWAY,FOR
THROUGH TRAFFIC.

THE Public is requested to take NOTICE, that on
and after Ist December, the MAILS AND OTHER
TRAINS, between LONDON and LIVERPOOL, MANCHES-
TER, and the NORTH, will be transferred to the TRENT
VALLEY RAILWAY, and that from that (late the Clocks at
every Station on the London and North Western Railway, will
be set to Greenwich Time.
New TIME BILLS for the LINE and its various BRANCHES,
may be had at any of the Stations on and after the 25th day of
the present month.
By order of the Board,
MARK HUISH.
General Manager's Office, Enston Station,
15th November, 1847.

NOTE.—Greenwich Time is
Before Birmingham Clocks
„ Liverpool Clocks 12 ~
„ Manchester Clocks 10 ~
„ Preston Clocks 10 /,
„ Chester Clocks 12 ~

Observe that the Signature of the proprietor, "G. C. Serjeant,"
is written on the Government Stamp.
SERJEANT'S LOTION, the only effectual Remedy
against Rheumatism, Rheumatic Gout, Sciatica, and Lum-
bago. Sold by the Proprietor, G. C. SEIIJEANT, No. 7, Lo-
vell's-court, Paternoster-row, London; and by all Vendors of
Medicine. Price 2s. 9d. per Bottle.
The astonishing success which has crowned the application
of this external Medicine in the most hopeless and deplorable
cases, when the unhappy sufferer had despaired of ever gaining
even the least niief, and this after the ablest advice and every
other means had completely failed, most justly entitles it to the
attention of the afflicted.
This excellent Medicine, so universally esteemed, is unat-
terded with the least danger or inconvenience; hundreds have
experienced its happy and salutary effects since it was first
introduced; and such are the properties of this invaluable
Specific that persons labouring under the most distressing
Rheumatism, Rheumatic Gout, and Lumbago, and rendered
thereby incapable of assisting themselves, have been relieved
in a few hours.

Amongst many which are being daily received are the follow-
ing testimonials :
Well-street, Cripplegate.
SIR,—I have been several weeks confined to my bed by Gout
and Rheumatism, not a part from my head to my feet free from
pain, and as helpless as an infant : not even a finger could 1
move. In this unpleasant situation I was informed by my me-
dical attendant he had applied all the usual remedies, and that
I might remain months in my deplorable situation.
Fortunately your remedy was made known to me, or I might
have been to this day confined to my bed. After a close appli-
cation of four days, my troublesome companion began to dis-
appear ; in a week I was capable of walking about my room,
and by another week's perseverance in the use of your Medi-
cine was enabled to leave London. Fearful of another attack,
you will please to send six bottles.—l am, Sir, your obedient
servant,— D. W. STONE.

iforlev's Hotel. Strand, 18th August, 1846.
SIRS I have hitherto had a prejudice against having recourse
to advertised medicines, but as I have for years been a severe
sufferer from Lumbago, as well as Sciatica, and having tried
several of the most eminent Physicians of London and Paris, I
was induced by a friend to make a trial of your liquid, called
" Serjeant's Lotion." I think it in gratitude due to you to say,
in less than an hour from. the time I applied the Lotion, I felt
the most pleasant and indescribable relief. The immediate
effect was to produce a short but tranquil and most refreshing
slumber, from which I awoke to enjoy that which was, from its
novelty, the greatest happiness—perfect quietude and freedom
from pain. The number of poor souls that suffer as I have is
immense, and if the publication of this testimony can induce
one to accept of the salvation you offer, I shall feel that I have
not lived in vain.—With many thanks, I am yours,
HENRI VILLENNEVE.

14, Belmont-place, Wandstcorth-road, Oct. 26, 1644.
SIR, feel in duty bound to acknowledge, that after suffer-
ing acute pains from Sciatica, or severe Rheumatic affection in
the hip-joint, and being deprived of rest, I was persuaded to
try your embrocation, and have the pleasure to say that after
three applications I was restored to my usual health ; and, al-
though two years have passed, I have no return of the disorder.
—I am, Sir, gratefully yours, EDWARD Nos Es.

Sold by Pendlebury, Russell- street ; Titherington, Oxford-
street; Hogarth, Great George-street; Fisher, Bold-street;
Coupland, Parker-street; Gerrard, Oldhall-street ; Parkinson,
Now Scotland-road ; Neal, Scotland-road ; Simpson, Scotland-
road, opposite St. Martin's Market; Mackow, Vauxhall-road;
Britten, corner of Dale-street and Haymarket; Smith, Great
Homer-street; Cox, Fox-street ; Gillard, Richmond-row; Low,
Islington ; Walker, London-road; Parry, Christian-street ;
Wagstaff, Great George-place ; Priestley, Lord-street; Smith
wo94side, rive, Wavertree

COMMERCIAL AND FINANCIAL SUMMARY.

No change of importance has taken place in the aspect
of commercial affairs here this week, and we are glad to
observe that the large failure, which we announced in our
last as having occurred in London, has not been followed
by any further casualties of a serious character. Little
doubt is entertained, however, that all classes of com-
mercial men must look forward to very difficult times
until Christmas is fairly turned ; and especially this is the
case with the trading middle classes, upon whom the
pressure just now is very severe. In the manufacturing
districts an improved feeling exists, and in several of the
towns around Manchester the mills are slowly resuming
operation. It is known that the stocks of goods in
foreign markets, and in the hands of dealers at home, are
becoming very light ; and, with a probably early reduction
of the rate of discount by the banks, it is hoped that the
large orders, which have for some time been lying on
hand, may at length be executed at a profit. The Cam-
bria, we learn, brought very favourable accounts and
considerable orders for the American spring trade. That
country is reported assfilled with prosperity, the result of
the large amount of British capital which her merchants
and manufacturers have been drawing from us during the
last twelve months:; and it is hoped that in a while we
shall see a portion of it returning to set to work our dis-
tressed artizans.

There is still little abatement in the pressure for money
in the metropolis or elsewhere, and interest still maintains
its high rate. There is, however, greater disposition to
invest both in produce, in the leading railway shares, and
other securities, for which something like fixed prices are
now obtainable.

Our cotton market was operated upon at the com-
mencement of the week by the favourable advices received
per Cambria of the prospects of the growing crop, and
prices at the close may be noted -d. lower. The sales for
the week have been 22,430 bales, of which 3500 are for
export, and 1000 for speculation. The imports have been
very light.
The corn markets throughout the country have again
declined from ls. to 2s. per quarter, with little business
doing.
Gold continues to arrive from all quarters. Exclusive
of the import of £400,000 by the Rob Roy steamer, we
have received during the past week not less than £250,000,
and we learn that a further sum of £200,000 is now on its
way, on account of a private capitalist, from St. Peters-
burgh, by land to Ostend. Its arrival is daily expected.
These large remittances from St. Petersburgh are under-
stood to have a connection with further investments in
the public funds on the part of the St. Petersburgh Bank.
The failure of Messrs. Trueman and Cook, the exten-
sive brokers in London, has caused great sensation. The
liabilities are set down at £300,000 to £350,000. That is
the amount of their actual acceptances; but the full
amount of ' their liabilities, at least the amount for which
their names figure as parties to advance on produce, is
some two millions. AVID the ultimate result of what the
estate will produce, opinions are very various. By some,
who ought to know, it is confidently asserted that not
only will all parties be paid in full, but that a very large
surplus will remain to the partners ; whilst amongst others
the most sanguine expectations that are formed is that it
will pay 15s. in the pound. In the meantime, the new
firm continues the business without interruption ; indeed,
it was of such a magnitude, that it could not have been
entirely suspended without much inconvenience, and was,
at the same time, of such a nature, that it can easily be
transacted without interferingwith existing obligations.
A fact has been recently communicated to us, which we
think worth mentioning here, ts shotving'the tendency of
gold to flow into this country. During the last fortnight,
some rather considerable sums in English sovereigns; just
imported, have been brought to this town by buyers of
goods from different parts of the continent, and have been
lodged, to meet their purchases, in the hands of bankers
here. _ _

There has been much variation in the market for public
securities since our last, but considering the failures that
have occurred, it is remarkable that prices should have
stood their ground so well. There has been a great
scarcity of money both in the Stock Exchange and out of
doors, within the last day or two ; the discount business
transacted by the bill-brokers is almost entirely suspended,
and the Bank of England continues most stringent in its
operations. Some paper of short dates has been done by
the discount houses at the rate of 71 per cent, but with a
charge for commission, &c. which brings the actual rate
up to about 9 per cent. In no instance do the banks dis-
count under 8 per cent. and the great majority of them
run from 81 to 9 per cent. Within a few days some bills
have been taken at the rate of 7 per cent. on the condition
that the money will be returned when wanted, which is
literally following up the principle of keeping it at the op-
tion of the lender only till it is wanted, and which, in the
very nature of things, precludes the possibility of reliance
being placed on its application to regular consecutive in-
dustry.
It is apprehended that several of the fallen houses whose
affairs, as arranged at the meetings of their creditors, were
permitted to be wound up by themselves under inspec-
tion, will be compelled to go into the Gazette. There is
no power to compel creditors to agree to the arrangement;
and there is scarcely a case in which preferences have not
been claimed by some of the creditors, under a threat, ei-
ther direct or implied, of striking a docket against them.
Nobody, indeed, that has ever had any experience of the
difficulty of obtaining the consent of any considerable body
of creditors to a composition has expected any other result.
There was little fluctuation on Wednesday in the
English funds, and the closing prices of the preceding day
were maintained. Consols for money and account opened
at 841 to 4-, advanced to 841 buyers, and then receded and
left off at their first quotation. Bank Stock closed 187 to
189 ; Reduced Three per Cents. 821 to ; Three-and-a-
Quarter per Cents. 841 to 1; Long Annuities, 81 to 1;
South Sea Stock, 93; South Sea Old Annuities, 80k
India Stock, 230 to 233 ; India Bonds, 255. to 15s. dis. ;
and Exchequer Bills, 2s. dis. to ls. premium.
The English funds opened on Thursday morning with
an appearance of firmness, but the market was not well
sustained, The first quotation of Consols, for money and
the account, was 84k to 4, whence, under the influence of
some large sales, they declined to 831. Before the close
of business, however, a slight reaction occurred, and the
last price was 831 to 84. For the opening, in January,
the range was from 841 to 841 and they left off 841.
Bank Stock closed 187 to 189 ; Reduced Three per Cents.
821 to 1; Three-and-a-Quarter per Cents., 84 to + ; India
Stock, 231 to 233 India Bonds, 30s. to 235. dis., and
Exchequer Bills, Is. dis. to ls. premium.
On Friday there was a sudden reaction, and prices at
the opening of business rapidly descended one per cent.,
and recovered almost as rapidly afterwards. The tenor
of the accounts from Switzerland was the cause of the
fall which, when accomplished, induced buyers to enter
the market to arrange outstanding bargains. At the close
of the day, Consols, after being as low as 83+, left off
about 841, with a firm tendency. Bank Stock closed 187
to 189; and Exchequer Bills, 2 dis to par.
On Saturday consols were 84k, 1, 1. The new three-
and-a-half per cents. are 84+ to 841. Bank stock is at
188, and India stock 234. Exchequer bills are at Is. to
3s. discount. The failure of Mr. John Williams, a jobber
of some note in the Stock Exchange, has had an effect
ouoploantio thegremcaoroktelyt ,
faosr hae
fwalais, übnodt ersstti
1010 dt
hteor
ohaivse bnoemenarskpeed-
feature upon it.
The Bank returns, published in Friday's Gazette, show
something of that increase in the stock of bullion, and
consequently of notes in the banking department, which
it has been the object of the late measures to produce.
The amounts are thus given :
.

Gold coin and bullion 7,647,707
Silver bullion
Gold and silver coin

£9,258,520

Last week the total was £8,729,551. The increase,
therefore, is £528,969 in the week. The stock of notes
is still more rapidly increasing. It stood,
Nov. 6.
Nov. 13.

Increase £767,625
The overland mail which reached London yesterday
(Monday), brings late news from China, India, and Egypt.
During the month of September a fair business had been
done at Canton. About 22,000 bales of raw cotton had
been sold at rather better prices ; about 80,000 pieces of
longcloths disposed of ; grays from -82.90 to :82.65 ; white,
$2.40 to 432.90. The prices of yarn had declined, and the
stock was heavy. Exchange on England was 4s. 31d. to
4s. 4d. ; East India Company's Bills accepted, 214.
Freights, £5 to £4 155., with plenty of tonnage.
The following is the amount of export of tea from China
to Great Britain, from the Ist of July to the date of our
advices,—
lb.
Black .. • • • • .. 10,714,410
904,160
Green ....

11,698,570
About 4,000 bales of silk were estimated to be shipped
from Shanghae and Canton for England.
The latest dates received at Canton were—from Lon-
don, July 24; Calcutta, August 16; Bombay, August 12;
Singapore, September. 7 ; and Manila, the 17th.
Our dates from Shanghae are to the 12th September.
Long-cloths had declined, the stock being large. In
teas there were limited purchases—none fine. In silk a
brisk demand ; prices bad advanced about 12 per cent.
from the favourable reports of the June mail ; but fine
was not procurable ; for the best Tsatlee, 4410 to .8420
tToliffheeerAeCdcoh;nifllTueacluwssaaasanintoa 280 to 290. Freights, £6 ios. to £7.
Francis Burn were ready for sea, and
sail about the 28th September.
We have dates from Amoy to the 24th. Markets were
generally steady, with a fair supply of goods.
From Egypt we learn that the trade of Alexandria has
been quite paralyzed by the bad accounts received by the
last mails from England and the numerous failures that
have occurred there. The merchants no longer knew
whom to trust. Prices of produce were quite nominal, as
the holders preferred waiting to submitting to a reduction.
In cotton nothing had been done, but there was no doubt
that prices would rule low. The exchanges were getting
up, and foreign coins, especially sovereigns, were in great
request.
The Markets at Bombay were much the same as in the
preceding fortnight ; in that for imports a little more
animation was exhibited, with a partial tendency to im-
provement in prices, whilst the export one is without
change. A good and rather general inquiry prevailed for
piece goods, and the sales were large, but pieces were
without change. A fair amount of business was done in
cotton yarn.
The briskness noticed on the 17th Sep. as animating the
Calcutta market, has been well sustained, owing chiefly
to the abundance of tonnage in the port, and the fall in
freights. In imports less was doing than usual at the
period of the year. Nevertheless a fair business had been
done in some descriptions of British cotton goods and
woollens. Copper and spelter had been in good enquiry ;
the former at advanced prices. The money market con-
tinued easy, but latterly some indications of a diminished

supply had been evinced by a less disposition on the part
of the shroffs in the bazaar to do business at the rates
which have lately prevailed, and by declining to renew
loans forcing borrowers to resort to the banks, which
continue to find ample employment at their former rates.
Government Securities had declined a little in value,
owing to money being less free in the bazaar. Exchange
remained without any material alteration. A good amount
of bills changed hands at is. 11d. to Is. Hid. six months'
sight, and Is. ll d. ten months' date, during the first
ten days after the departure of the mail, but during the
importance.
The week nothing has been done of any
The abundance of tonnage in the port has caused freights
to give way, and the downward tendency formerly noticed
has been confirmed, transactions having taken place at
£6 to £6 15s. for saltpetre, sugar, and rice. There is not
much probability of any further decline for the present.
The crop of Indigo was estimated at 113,000 'nomads. The
transactions in sugar had been extensive at full prices. The
native plantations at Benores give promise of an adundant
crop. The experts in September to Great Britain were
155,620 maunds. In Exchange, a considerable amount
of business was done at last quotations in bills on England
after the departure of the mail, but during the past and
present week, buyers have been holding back, and little
has since been transacted. The amount received by the
mail, per Precursor, in bills on the General Treasury is
stated to be £63,185. A good many operations have
taken place in bills on China. Our quotations are
Is. 110. to Is. 111 d. for 6 months' sight, and ls. 111 d.
to ls. 11d. for 10 months date ; bills on England, and
on China 209 rs. to 214 per 100 dollars. In Freights, the
tendency was downwards. Tonnage was abundant. The
freights to Liverpool were from £6 to £6 15s.

LATEST FOREIGN AND COLONIAL.

FIVE DAYS LATER FROM AMERICA.

By the arrival of the Ocean Monarch, which sailed on the
sth inst. from Boston, we have New York papers to the 4th.
The news, however, are very meagre. In New York,
the " Empire State," the Whigs have possession of the
control of affairsi ; and in New Jersey, both the candidates
elected are Whigs. The arrival of the Caledonia was
hourly expected ; but she had not been telegraphed up to
the time of the Ocean Monarch sailing. The French
Steamer had just arrived.
The market generally was inactive, parties being indis-
posed to operate until the receipt of news from Europe
per Caledonia. The season was propitious for the keep-
ing open of the river and canal navigation ; and it was
anticipated that the receipts of produce from the interior
would be on an increasing scale.
The cotton market was dull, and in favour of the
buyers. The arrival of the Caledonia was anxiously
looked for as the test of this market.
In flour; Western Canal was steady in New York, at
.85.60 to 8`6.621. Corn was firm at 75 to 78 cents. 1500
barrels of Pennsylvania corn meal had been sold at 43.44
to 53.50 per barrel.
Ashes were scarce and in demand at £8.62} to g 8.75.
From Baltimore we have flour quoted at 86.12 to
A-6.18k for Howard-street flour.
In Boston the market was less firm. A lot of Oswego, '
Gennessee, and Western had been sold at 8'6.75 to .81.
In Philadelphia flour ruled at 56.50 to A-6.62/ ; sales
limited. Good Pennsylvania wheat was worth 140 cents.

In Exchange nothing was doing ; and no variation had
taken place since the departure of the Cambria.
There was nothing new from the seat of War. An
express refusal of Martin Van Buren to stand again for
thePresidentship, on the ground that the war against that
country, with whatever shew of justice entered upon,
must now be prosecuted to a triumphant conclusion for
the honor of America, indicates sufficiently the feeling of
that section of the community which that gentleman
would represent.