The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-11-01 00:00:00

:PARTMEN T.

Gov. Securities £11,319,072
Other Securities 17,254,452
Notes ... 5,213,810
Gold & Silver Coin 601,261

£34,388,5851 £34,388,585
Our SHIRE MARKET, after a very idle week and
very slight fluctuations on Saturday, became much
excited, from more pacific telegraphs from the East.
As these were credited, or the contrary, prices were
weak or strong, but during that day the bears
were gradually raising prices to get in their stock.
To-day the excitement has been still greater, the
scarcity of stock, even at the advance of two or
three per cent., being so great as to create alarm
amongst the speculators who had sold for a fall.
Of real business there has been no increase, and
the amount of this is not great. Local stock,
especially Insurance Shares, are steady and in
demand at the quotations. We annex this day's
prices :—Caledonians, 251 6 1c i I th East
Lancashire, 151; Lancashire and Yorkshire;
631 4c 31 1 ; London Stock, 103 4 ,
Sheffield Stock, 20; Midland Stock, 601 s *ll
; Dover Stock, 171 15-16 8 13-16 4 1346 15-16.
PRODUCE.—The markets on the whole, with the
exception of Sugar, have been fairly supported
during the week. Tea has been brisk with ad-
vancing prices. TO-DAY the Sugar market conti-
nues dull, the business, including Saturday's sales,
consisting only of 40 hhds. Antigua at 335. 3d. to
335. 6d. for sound, 550 bags Dates at 35s 6d., and
25 hhds. Porto Rico at 345. to 355. per cwt. Of
Molasses, 215 puns. Antigua are reported at 17s.
41d. per cwt. There is nothing to notice in Coffee.
A small parcel of Para Cocoa has been taken at 28s.
per cwt. We have to report a further improve-
ment in the Tea market since the delivery of the
China letters ; common to good common Congou
has been placed (chiefly on speculation) at Is. Old.
to is ld. per lb., and the demand continues strong ;
there is also more doing in scented and fancy Teas.
The Stornoway, from Canton, is reported off the
port, with several chops of new season's Congou.
A speculative demand still continues for Rice,
about 20,000 bags having changed hands since
Friday at 135., and 300 bags Bengal have realised
15s. per cwt. We have also to notice 50 cases
Castor Oil at 4d. per lb., a small lot of Sapan Wood
at £ll 17s. 6d., and 15 tons small Nicaragua Wood
at £6 7s. 6d. per ton.
COTTON.—The market, during the week, has

been inactive, there being an evident indisposition
to purchase beyond immediate requirements. This
is owing to various causes which operate in the
same direction—the number of operatives out on
strike in the manufacturing districts, the high
price of bread, the unsettled state of affairs in the
East, and the difficulties in the money market.
Taking these into consideration, the sales have
been to a fair extent, and prices are without altera-
tion. To-DAY, the Arabia brought news of a de-
cline in prices on the other side, but it had very
little effect here, the difference now existing not
being in favour of importers. The sales amounted
to 6,000 bales, including about 1,000 taken on
speculation and for export. The market closed
heavily without alteration in prices. The follow-
ing are the comparative quotations :

New Orleans, middling
fair
Uplands, middling

1852. 1853.
61d. sid.
bid. 6td.
6d. 51d.

SALES. IMPORTS.
!„---___A__—.7 r--. A.---
DESCRIPTION.' PRICES.' Week Previ- Week , TiliS STOCK
I!ending ously ending)
yeart. ---
;0c t. 28 this yr. Oct. 281 Oct. 28
Sea Island ll2 e 29i 240 17179 1 t ....
Stained '— ..... ! 1510 5406; 491583
Boweds 32 62 7680 410230 419800
Mobile 4 6i 3370 236160 1 920683! •• • '
New Orleans. 32 8} 12610 857350 I •" • , .
•
Pernams, &c. si 8 630 60200 1056 51262; 12430
Bahia, &c.
Maranham
Deinerara,&c; —— 1 .... 1 680 SO 535 520
Egyptian 52 91 3975 109100 3295, 975871 89120
Coin.W.l.&c. 5 9 1 130' 'os2' 10770 17 3530
I 1
Surat
22 42i 6370 205540 } 7881' 264633; 167210
Madras
Bengal —— 1 .. : 1 4630 . 59101 2840
! 36550 2019050 21984 1899627, 729150

WooL.—The attention of the trade ha,

week been occupied with the public sales of colo-
nial wools, now prog,ressing in London, and those
of low foreign wools, which commenced on the
26th and closed on the 28th ultimo, when 6,405
bales were offered for public competition, viz. :-
4,687 bales East India ; 334 Turkey ; 434 Peru-
vian, Chili, and Egyptian ; 787 Alpaca and Austra-
lian, nearly all damaged ; and 163 sundries. We
had scarcely an average attendance of the trade,
which is generally the case when sales are brought
on here during the progress of those in London ;
and the result was far from satisfactory to im-
porters. In East India a decline from last sale
prices of 11d. per lb. on middle and low yellow and
grey ; while first-class whites and yellows, which
were not so plentiful, only averaging a decline
of *d. to id. ; part withdrawn. Peruvian also
shared in the reduction, to the extent of 14d. per
lb. as well as Egyptian, first-class selling at 114 d.
to 111 d., being ld. per lb. below the last sale prices.
For Turkey there was no bidding, consequently the
whole was withdrawn. This reduction was not
looked for to such an extent, but considering the
disturbed state of foreign politics, and the present
high price of grain, combined with the high rate
at which money is ruling, and the large stock of
these descriptions of wool offering here and in Lon-
don, any other result could scarcely be expected.
English and Irish very dull of sale, and in the ab-
sence of any transactions to report, prices may be
considered nominal. The London sales are ave-
racing a decline of 2d. per lb., notwithstanding the
10,000 bales withdrawn.

Messrs. W. GBEAME and Co., in their circular
referring to the decline at the public sales, say :
"So considerable a reduction was not to have been
looked for from the present position of the Blanket Trade,
but taking into consideration the quantity forced on the
market at so unfavourable an opportunity, (in face of the
large sales of these Wools advertised to take place in
London next week,) it may be considered rather as a proof
of the healthy state of the trade that they were cleared off
without a further reduction in prices."
Messrs. J. ROBINSON and Co., in their monthly
circular, remark :
" The consumption appears to be curtailed in the
Worsted trade only, which is almost altogether confined
to long Wools; this being the case and the majority of the
consumers having orders to employ them until the close
of the year, their stocks not being heavy, leads us to the
conclusion that prices will ere long rally again, as present
rates will prevent orders being sent for imports, and
countermand the supply from all parts.

TOWN COUNCIL P_ROCEED.INGS,

YESTERDAY.

A SPECIAL meeting of the Council, for winding up the
business of the municipal year, was held yesterday morn-
ing, at ten o'clock, in the Town Hall—Samuel Holme,
Esq., the mayor, presiding. There was a full attendance.

ELECTION OF AN ALDERMAN.

The minutes of the last meeting having been read,
The first business taken was " the appointment of a fit
person, either from the Councillors, or from the persons
qualified to be Councillors, to fill the vacancy in the office
of Alderman, occasioned by the death of John Holmes,
Esq., and to continue in office so long as the said John
Holmes would have continued in office, viz., until the 9th
day of November, 1853."
The MAYOR said—Gentlemen, it is somewhat painful
to me that, at the last Council of which I shall have the
honour of presiding, it is my melancholy duty to annotmee
to you officially the decease of a very valuable member of
this Council. You will anticipate me in saying that I
allude to Mr. Alderman John Holmes, the alderman for
St. Paul's Ward. The assiduity, the kindness of heart,
the courtesy of manner, and the undeviating rectitude and
attention to the business of the Council, which was paid
by the deceased alderman, are well known and appreciated
by you all; and I have understood from his most intimate
friends that a short time before his death he expressed his
intention of not again presenting himself for re-election ;
" for," he said, " nearly fifty years I have devoted almost
one-half my time to the business of the public, and I think
it is now time for me to retire." I am sure, gentlemen,
that Mr. Holmes will carry to the grave the respect of
every man of this community ; and the melaneholy duty
now devolves upon you of electing a successor to the vener-
able gentleman who has been so suddenly removed from
us, amidst the regrets and respect of every gentleman in
this great town. (Applause.)
The TOWN-CLERK then read the clause in the Act of
Parliament, prescribing the mode of election, which is, by
each gentleman writing his name, and the name of the
party for whom he wishes to vote, on a slip of paper, to be
handed in to the Mayor.
Mr. HUGH HOBIcBY said, before they proceeded to fill
up the voting papers, he might be allowed to express, on
his own behalf, and he was sure those of the Council, the
feelings they entertained in respect to the occurrence which
had taken place, and which rendered it necessary for them
to proceed to the election of an alderman. After the
eloquent tribute which the Mayor had paid to their de-
ceased Mend, it was impossible for him to do more than
express his entire concurrence in all that had been said.
He might, however, observe, in addition to the Mayor's
remarks, that Mr. Holmes, during the long period that
he had served the public half-a-century—enjoyed the
rare felicity of having acted during that time without
having made any enemies in this great town. (Hear, hear.)
During the whole of that period, gentlemen of whatever
shade of opinion, not only those who agreed with him in
political opinions, but also those opposed to him, were his
friends. For his own part, he had been associated with
Mr. Holmes for several years now, in the management of
the financial concerns of the Corporation, and he could
not but express the great regret he felt at his loss. Before
he (Mr. Hornby) sat down, he should take an unusual
course, but he believed neither an illegal nor unconstitu-
tional one, in proposing a gentleman to replace Mr. Holmes
as alderman.

Mr. GODFREY said he thought that was not according
to order : no gentleman could propose an alderman.
The MA ron said, Yes, it had been done on former occa-
sions, and he believed it was right, if they chose, for any
gentleman to speak on the subject.
Mr. HORNBY said they had onlyone alderman to appoint,
therefore he thought it fit and proper that they should ex-
press their sentiments, that they might elect a worthy suc-
cessor ;—(applause)—aud he thought when he proposed to
the Council that the gentleman
.who now finis the civic
chair—(hear, hear,)—should replace Mr. Holmes, they
would agree with him that he could not have proposed a
more fitting person for the office. He thought they were
all agreed as to the manner in which our present chief
magistrate had filled the chair during the past year.
Nothing could exceed the courtesy with which, on all oc-
casions, he had treated the members of the Council ; the
hospitality he had exercised in this great community,—
hospitality extended to all, both to his friends and his
opponents,—and the unwearied diligence and energy with
which he had discharged all the duties devolving upon
him. He thought they could not appoint a more fitting
successor to Mr. John Holmes than our present Mayor,
and therefore he begged to move that he be supported by
the Council. It would be a great satisfaction, he was
sure, not only to themselves, but the community in
general, if he were unanimously elected.
ALDERMAN COOPER would ask Mr. HOBNBY if there
had not been a caucus meeting on Saturday, respecting
the appointment of aldermen ?
The MAYOR—We cannot interfere with that.

Mr. TYRER said it was an extraordinary fact, though
none respected the MAYOR more than he did, that those
who proposed him could not get one of their own party,
and therefore they had had recourse to him. He said it
was not becoming in those gentlemen. It became the
Council not to be gulled by the party, who, at the caucus
meeting, tried first Mr. HORNBY, then Mr. HOLT, and
then Mr. ROBERTSON GLADSTONE ; and because they
could not carry them, they came forward with a fme
speech to try and get the civic magistrate voted into the
office. If any body had come forward and proposed any
one else they would have been likely to have carried,
what would have become of the civic magistrate ? (Cries
of "order.")
Mr. HoaanY could only say, for his own part, that he
had proposed the Mayor, believing that a more fitting
Person to fill the office could not be found in the Council,
and for no other reason; and more than that, in voting
for an Alderman, he looked to no party whatever. He
was quite as ready to support a Tory as a Whig, provided
he thought him a fitting person to fill the office.
_ Mr. W. J. HORSFALL.—Did Mr. Hornby propose the
Mayor in the caucus meeting ?
The MAYOR.—We cannot interfere with any caucus
meeting here.
Mr. TotrzAtiii. said—Mr. Ma or • Notwithstanding your
high character,
bothpublic 'private, and the golden
opinions you have won from every party, from the manner
in which you have discharged the duties of your high
office,—it is somewhat painful to me to rise and propose
the name of another gentleman in opposition to yourself;