The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-10-02 00:00:00

GENERAL TRADE REPORT.

Monday Afternoon.
The intelligence from Constantinople, doubtless of the
highest importance, bears upon it no impress calculated
to operate prejudicially in commercial circles. That
Russia and Austria would act in such a domineering
manner towards Turkey, if the latter power stood isolated
in this matter, as to endanger the peace of that portion of
the world, is clearly to be deduced from the general con-
duct of Russia, wherever an opportunity presents itself of
furthering her ambitious pretensions ; but backed as the
Porte is by the French Ambassador and Sir Stratford
Canning, we have no doubt that the Czar and his
protege, upon second thoughts, will find it expedient to
rest satisfied with the atrocities already perpetrated, with-
out thirsting for any further vengeance. Consols are
quoted this afternoon in London at 921 to 13 for money,
and 924 tot for time, which is only 8 decline trom the
closing prices of Saturday, and chews that the arrival
of these despatches has had but little effect upon the
money market.
The Share market, during the pact week, has been
decidedly more firm, notwithstanding the continued exer-
tions of the tears to depress prices. The settlement just
passed has been got over with difficulty, from the scarcity
of stock ; but by dint of borrowing to a very considerable
extent the bears have almost surmounted their difficulties
for the present. The public, however, have been large
buyers, and should this co tinue, especially at the present
time when the whole press, from the Times downwards.
is recommending wise shareholders to withhold sales,
there must be a material advance in prices. Our market
to-day is quiet, and business has been done at the follow-
ing prices :—Caledonian pref., 93; Do. old shares, 134 ;
Leeds sths, 64 1 dis. ; London stock, 1121 ; Do. 4-shares,
13/9 4 pm. ; Do. sths, 1 4 pm, ; Midland stock, 51 : Do.
4-shares, 181 dis. •, Shrewsbury pref., 154 ; Dover, N 0.4,
6 1/3, 6 ; Great Northern pref., 21 dis. ; West Ridings,
64 dis. ; Newcastle pref., 4 16/3 dis.
The decline in the value of breadstuffs generally,
which, as we predicted, has only been temporarily checked
of late, is again progressing, and, without a single excep-
tion, the markets of the United Kingdom come cheaper,
in many instances a depreciation of 2s. per quarter having
taken place in the quotations for Wheat, and most other
articles being proportionately lower.' The following ex-
tract from a Limerick letter, dated Saturday,•supplies
several important facts relative to the yield of the
various crops in that district; and the remarks bearing
upon the value of Indian Corn are of the utmost conse-
quence to those of our Liverpool merchants who deal
largely in that article :
" Wheat is fully an average crop; its condition is much better
than for the two last years, still our customary preparations of
kiln-drying will be requisite. The breadth of land under
Barley has been larger than usual, but the crop is light, and a
large portion of it still uncut, and some green; farmers will be
likely to hold much of this for their own use, as they fear the
Potato will not keep. Oats is also an average crop, of good
quality, and is coming freely to market. The demand. for
Indian Corn has fallen off so much that the sales are quite in.
significant; the advance in price demanded by holders is
certainly not warranted by the state of our market, and we do
not respond to the improved rates quoted by others, nor can
we anticipate any advance for a considerable time, taking into
account the very distressed state of our population—the diffi-
culties in which most of our poor-law unions are—the low price
of inferior grain of home-growth, and abundant yield of Pota-
toes, which, though disease has appeared, is likely from the
dryness of the season to afford food for several months. We
I believe this is the general opinion here—a house doing a large
consignment business having lately taken a contract for sup-
plying a poor-law union with Indian Meal for 41 4s. per ton,
which, after deducting cost of delivery all over the union, about
10s. per ton, and a like sum for manufacturing charges, will
leave but 46 is. per ton for the Corn : from this it appears that
this house having, doubtless a good source of information,
looks for a decline in the price of this article, which they now
quote at 46 15s. per ton here."
There has been rather more inquiry for Indian Corn in
Brunswick-street to-day, and holders being somewhat
firmer in consequence of the unfavourable accounts about
the potatoes from Ireland, a slight advance upon Friday's
quotations has been asked, and, in some instances, par-
tially acquired. Flour remains unaltered, but fully main-
tains its price, with occasional sales; but the inland mar-
kets being again rather lower for wheat, the trade here
has in some measure participated.—At Mark-lane, to-
day, there was a fair display of samples of wheat from
Kent, and a moderate amount from Essex. The demand
for good qualities was such as to keep up prices, but infe-
rior samples and foreign sold tardily at rather lower
rates. The supplies of good malting barley were scanty,
and maltsters were obliged to purchase at present rates,
say 30s. to 325. ; grinding and foreign sold slowly at for-
mer prices. The quantity of English oats, fresh up, was
small. Good kinds supported former prices; and in
foreign and inferior there was little alteration. Beans
and peas unvaried. Millers ask last Monday's prices for
flour. _ _ _

Although the arrival of the Niagara is anxiously waited
for by all parties connected with the cotton market, the
demand from the trade has been better again to-day, at
steady prices, and upwards of 6000 bales (mostly Ameri-
can descriptions) have been sold, including 1000 to specu-
lators and exporters.
The Wool trade was rather quiet here last week, owing,
no doubt, in a great measure, to the London sales, which
are now proceeding ; but it is fully expected that so soon
as they close we shall have a good business doing. The
stocks with us continue light, and prices are well sup-
ported.
There has been a fair demand for Sugar since the
circular, and the sales reach 100 hhds. Barbadoes, a few
Porto Ricos, and 1000 bags Bengal, the latter at an aver-
age of 38s. for dates, and 41s. to 425. 6d. for good and
fine white Benares. We have had more inquiry for
Molasses for the last two or three days, but the prices
offered go so low that it has not led to business-16s. has
been refused for middling Barbadoes. Rice continues in
request, and holders are looking for higher prices. In
Tea there is no change, and the market is quiet.
Our iron trade generally is in a very depressed state ;
expectations, however, are entertained that the arrival of
the steamer will tend to animate the market. To-day's
quotations are 425. to 425. 6d. for mixed numbers; and
for No 1. Gartsherrie, 445. 6d. cash, f. o. b. at Glasgow.
The arrivals of timber from British America. during
the past month, consisted of 44 vessels, 25,476 tons,
against 32 vessels, 21,156 tons, in same month last year.
Messrs. Chaloner and Fleming, in their circular, pub-
lished on Saturday, state that—
"There has been a considerable amount of business done
during the month, with an animated demand from the country,
stimulated by the unprecedentedly low rates of carriage which
have been current, through the competition of the railways and
canal carriers, thus evidencing how closely connected with the
prosperity of the port are low rates of transit to the interior,
as they will give a more commanding influence to the market
in the supply of American woods, even to monopoly, if a per-
manently cheap rate be established, coupled with such facilities
as can be afforded by the Town Council and Dock Committee,
by connecting by rails the places of deposit with the railways
and shipping wharves : just now the freight- to Manchester is
only 28. 6d. per ton, while the local carriage to the railway or
wharf is Is. 3d. per ton. For St. John's Pine very full rates
have been obtained, with improved rates for Spruce Deals, and
Quebec woods may be considered to have fully maintained
themselves, for while (9uality considered) there has been no
advance, there has certainly been no receding in prices."
Messrs. Holme, Slater, and Crook, also state that,—

The arrivals froM the Baltic are 9 vessels, 2496 tons, against
4 vessels, 845 tons, in the corresponding month last year. Most
of the arrivals from the British colonies have been sold on ar-
rival ; an advance on the previous month's prices have been
obtained. Spruce, &c., Deals only arriving sparingly, and the
freights inland being at the present time unprecedently low
this article has considerably advanced, and is likely to improve
on the present rates.
Although the week's arrivals of Irish Butter have been
large-10,286 firkins, 1,191 crocks—prices have gradually
improved since our last, and a fair amount of business
has been transacted ; but on Saturday the demand was
considerably checked by holders increasing the advance
to 3s. per cwt. on the week, and it is questionable whe-
ther dealers will, or will not, submit to this enhancement.
Lard is a shade dearer. Other Irish Provisions move
slowly.
The amount of business transacted in American provi-
sions, during the past week, has been limited ; " yet,"
say Messrs. Black, Barnes, and Whittingham, " prices
are fully maintained, owing to the gradual clearing of
stocks, particularly the lower qualities, and the almost
entire absence of imports, while, on the other hand,
higher rates have been prevented in consequence of the
low prices and large supplies of fresh meat in the markets
throughout the country."

DEATH OF MR. GEORGE HENRY WARD.—This gen-
tleman died at Norfolk House, Isle of Wight, on Thurs-
day, after a lingering illness, in the 66th year of his age.
Dying without issue, his estates, which are considerable,
being situate in the Isle of Wight, and on the borders of
Sussex, go to his nephew, the Rev. George William
Ward, the proceedings against whom, at Oxford, and his
secession from the church, are doubtless in the memory
of our readers.

MORE RAILWAY JOBBING.—A singular case will be
brought on in the Queen's Bench during the ensuing
term, which is likely to show to what extent jobbing has
been carried on by several of the leading railway com-
panies. In 1844 and 1845 a railway was projected from
Exeter to Crediton, which was subsequently sanctioned
by Parliament. Previously to the passing of the act,
however, an agreement was come to with the directors of
that company for leasing the line on its completion to the
Bristol and Exeter Comany (the line being a broad gauge
one). The agreement was subsequently confirmed by the
proprietors of both companies, and a formal ratification of
the agreement was on the point of being concluded, with
the consent of the proprietors of the Exeter and Crediton
Company. At a meeting of the proprietors, held a few
days afterwards, a large majority of votes was suddenly
produced against the leasing of the line to the Bristol and
Exeter Company. Thim, it appears, was occasioned by
purchases and subdivision of shares among parties con-
nected with the Taw Vale and South-western Compaaics
with the funds of these companies. It further appeared
that the parties voting on the occasion referred to had not
been one week on the company's register, and were not
the real, but only nominal, holders of the shares in respect
of which they voted. The South western Railway, having
agreed to subscribe towards, and take a lease of the Taw
Vale Railway, wished to become possessed of the Exeter
and Crediton line, as forming an important link in their
intended chain of railway communication, and admit that
they advanced £30,000 to the Taw Vale Company, with
the aid of this money, purchased 1,700 shares in the
Exeter and Crediton Railway, and the South-western
Company also admit that they paid a deposit and a call,
amounting, to £4, on 6,850 shares, of £2O each, in the
existing capital of the Taw Vale Railway, and also a de-
posit of 10 per cent. on one:fourth part of their proposed
capital. The plaintiffs in the suit complain that the
Exeter and Crediton line has been finished and ready for
opening for nearly two years, and that it is a great incon-
venience to the public and landowners, who gave up their
land in order that the line might be made for the benefit
of the district, and they will, therefore, move for a man-
damus against the directors to show cause why they do
not open the line. The object of the South western
Company in getting possession of the line was to complete
their chain of communication to Exeter and Barnstaple.
If they succeed, it will be necessary to alter the Exeter
and Crediton to the narrow guage.