The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-09-14 00:00:00

FINANCIAL AND COMMERCIAL SUMMARY.

The money market continues to be affected by the
announcement of failures in the corn market, or of parties
connected with houses which have been engaged heavily
in unsuccessful speculations. Last week upwards of half
a million has been added to the defalcations previously
made public ; and in the case of Messrs. Leslie, Alexanderr
and Company, whose liabilities were originally said to be
nearly covered by the assets, aided by the private fortune
of one of the firm, it is now found that the amount
owing is much larger than was anticipated, and that the
dividend will be only two or three shillings in the pound.
Rumours keep flying abroad implicating many most
respectable houses. Some foreign ones, especially, are
said to be very heavily hit, and the worst results are
apprehended. In this town, much to the credit of our
and sound sense, ice
i speaking of; and it would

Merchants, as men of foretht

no casualties wort

ieen attributing to
peculation in grain, we have only
dealing legitimately, to supply the real wants of the

us the VE

country

Our cotton mark

has again been dull, and prices maY
rer, owing to an anticipation that the

ported. The sales, as made up to Friday, were 18,500
bales, of which 650 were on speculation, and nearly 4000
for export, leaving only 14,000 for the trade. The imports
have been 0n1y.6,650 bales. The market for manufac-
tures continues limited, buyers being only willing to ope-
rate for immediate wants, the country houses being tho
principal purchasers. The proposal to work the mills
short time does not seem likely to be carried out, the spin-
,

ry, uncalled
and which

if it do not bri
the general stc

• opposition from the operative classes
,ut, by means of a general turn out,
of working recommended.

Tile grain markets throughout the country have rallied
slightly from their extreme depression. In this market

_
..seat, and from ls. to ls. 6d. per barrel flour,
with a fair clearance ; and the same features were to be
observed in London and the country markets. The ar-
both foreign and clastwi.e, have been light, the
doubt, being too busily engaged to thrash out
-nsumers bare of stock.

Le Swordfish, which

arrived on Wednesday with dates from PernTmbuco to
the 30th of July, and from Bahio- to the 24th. The
Petrel Packet, for Falmouth, left on the 29th. She brings
in later news from the River Plate, and no political news
from Brazil. A good business has been done in cotton,
prices of which bad been forced up to 6,900 to 7,000 reis
per arroba for first quality, 7 5-32 d. to 7d. per lb.
The stock of sugar on hand was principally confined to
Muscovadoes, of which there was little in hand. The
whole in first and second hands, was set down at 1,200 to
1.500 cases, and 2,000 to 3,000 bags white, and 3,000
cases and 10,000 bags Muscovadoes. There has been 3
-1.,11 of wet ; and the few samples wet were becoming
Dry salted hides were in little re-
grees were 42,000 to 45,000 reis per
iast rates for Liverpool id. and 5 per
: sugar. £3 10s. and £3, and 5 per
a market in the United Kingdom,
£4 and 5 per cent. ; sugar, in cases, 15 per cent., less for
bags ; additional rates if sent from the Channel to the
; £4 and 5 per cent. for cases obtainable for
and other Mediterranean ports. No vessel in
:gaged. Exchange.—Large transactions took
place at the early part of the month at 6-id. ;it has since
rallied, and little or no money obtainable to-day under
261 d. to 27.

Rums
Freight

Channel

Continent
Trieste
port di

BAHIA TO JULY 24.—Last sale of codfish, 2,241 tubs,
from Jersey, per Olive Branch, sold at 13,250 reis ; and
haddock, at 8,500 reis ; wines dull of sale ; salt, 600 reis ;
ew Irish butter, 800 reis ;
?.500 reis : coals, 12.000

D 2,600 re

;took of su

2,666-,-,;,ci2',60

reis per

cowes, for

London direct; Exchti

Money in Lombard-street was on Friday in active re-
quest, at former quotations ; and although the brokers did
not ask an advance, much difficulty was experienced in
gaining discounts. In fact, the continuous failures in the
corn trade have wholly paralysed credit. The bank di-
rectors separated on Thursday without altering in eel,
rinveroch chair tiarmQ nf tannrin-wrrtnrln+in.r. A wet.

now these are 5z minimum on paper for discount and
per cent. for advances on Stock, Exchequer Bills and
other approved securities. In this latter way the membes
of the Stock Exchange have the last few days receifv-
considerable facilities.

vv
Consols have shown a tendency to flatness throughout
the week, and prices up to the close remained unsettled
and feeble. The causes which may be supposed to exert

ntly these=
3en Italy and