The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1854-06-27 00:00:00

COMMERCIAL 4 MONETARY NEWS

Ir the value of the Public Funds can be
taken as a fair test of the state of the Money
Market, it has presented a very favourable
appearance during the week, there having
been a considerable upward tendency, with but
slight reactionary movements. This view of the
case must, however, be received with some allow-
ance, the rise, though augmented by the important
news of the retreat of the Russians from Silistria,
being partly attributable to the purchases of the
speculators for a fall. Money for commercial pur-
poses has been more in demand, owing to the
approaching termination of the half-year, when
most persons are anxious to have a good balance in
their bankers' hands, with which to commence the
next half-year's account. The returns of the
Bank of England show an increase in the stock of
bullion to the extent of £381,324 ; but the " other
securities" have diminished by £425,707. The
continuous arrivals of gold, and the approaching
payment of the dividends, will, no doubt, tend to
make money cheaper, so that the market may be
considered in a very satisfactory state.
The reports from the Cotton manufacturing
districts show a steady improvement in the demand
for almost all descriptions of goods, and pieces
have advanced, notwithstanding the falling-off in
the demand from India. The home trade is in-
creasing, and Greeks and Germans come more
freely into the market for Goods and Yarns ; while
the Money Market is easier, and political affairs in
the East presenting a more favourable aspect, all
contribute to the improvement of business, as
shown in the advance which has taken place in
our own market. The Wool Trade, both in York-
shire and Leicester, is still very dull, and a large
failure in the latter place has added to the gloom.
The Hosiery and Lace Trades are also very dull.
Some returns, just published by the Board of
Trade, of the state of Railway Traffic in the United
Kingdom, show a continuous and steady improve-
ment in this important branch of trade. It appears
that, on comparing the last half-year of 1853 with
the corresponding period of 1852, the number of'
miles open have increased from 5650 to 5811, or
less than three per cent., and the receipts from
£8,515,003 to £9,844,690, or nearly sixteen per
cent. The increase has been on passengers about
ten per cent., and on merchandise nearly twenty-
one per cent. The number of passengers has in-
creased from 40,552,704 to 46,895,417 in England
and Wales, or more than double the population.
A return has just been published of the imports
during the last ten years of the various articles,
exclusive of Grain, which make up the chief por-
tion of the trade of Russia, namely, Tallow, Hemp,
Flax, Linseed, Hides, and Wool. From this it
appears that, as regards Hemp, Flax, Linseed, and
Wool, the quantities taken last year from Russia
exceeded those of any former year, but that Russian
Tallow, on the contrary, shows a diminution, owing
partly to the competition of Australia and the
River Plate, as well as the increasing supply of
Palm Oil from Western Africa.

The return from the Bank of England for the
week ending the 17th of June gives the following
results, when compared with the previous week
Public deposits ... £3,212,382; Increase £218,714
Other deposits 10,513,491; Increase 30,361
Rest ... 3,194,253; Increase 6,671
On the other side of the account—
Government securities £9,720,499; Decrease £303,982.
Other securities ... 15,374,237; Decrease 425,707.
Notes unemployed ... 6,672,680; Inerease 1,005,035
The amount of notes in circulation is £19,700,575,
being a decrease of £613,530 ; and the stock of
bullion in both departments is £13,109,377r show-
ing an increase of £381,324,when compared with the
preceding return.