The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1838-02-27 00:00:00

Mr. P. THomsoN nominated he combination committee.

.....
The orders of the day having been disposed of, the house ad-
journed at 12 o'clock.

COMMERCIAL INTELLIGENCE AND MONEY
MAP.KET.

( From the Sunday Times.)
CITY. SATURDAY.—The aavices received to the 29th tilt.
from ,be United States, represent two there was but little doitig
in i ,arie or cornice, ce there, io consequence of the pressure fur
money; and tois has hat the effect. -of retarding very materially
otreeations to rats' 'oranch od our Mereilnille oursu.ts. In fact,
there has been a very cons;(le,able revival in the business or
the Port of Lont.on, as well as Liverpool, previously to the re-
ceip, of the :recounts ov the Ilibeinia, which left New York on
the 2S•h of last month. The eni les for the shipment of British
manufactures had greatly increased, with every appearance of
tire resomot ion or a healthy trade to that quarter of the world.
,boughs" number, brought, however, urtny
Tohe te
on ertLrn%l s to previous orders, and a stale of inactivity is
again the result of the monetary difficulties which were felt with
air increased degree or pressing at the latest dates from New
York and Pniiadetpnia. The fact that three or the " pet"
banks had sospentled payments in the United States, has added
to many se, ions aporehensions that the effects of the great panic
in American commerce and banking transactions have not even
yet been rutty developed, and our merchants are therefore ex-
ceedingty enury in entering upon any extensive consignments
or goods untit brighter prospects are opened to them. The re-
sm, p; ton 0; specie payments ov the banks of the Union iscalled
ror as t he.onlv means of producing a healthy state of affairs in
America; bet no to the latest dates no infiltration had been
given by the. Diteeiors of the United States Batik, as to the
period they intended to resume rite liquidation of their notes in
gold. Several of the banks (env and State) or New York
were reat;v .0 Ito so, but that the general body of them were still
inegvaleor effecting the change may be gleaned from that re-
turn rytt'cb was made op to tire end of the month of January,
e:etribiting the assets and liabitities of the 97 Banks of New
Yo k. From this return would appear that the joint circu-
lation of noes was 12,450.000 delta rs. that they bad loans and
discouets, to the extent of 64,000,000 of dollars, while their
wOote a.,,:e.regare stock of speete was but 4,1.40 0(X) dollars. The
Alanal. ers. oDhe Banks or the Union were; however. confidently
anticipating larger -elutus or bullion from England, as a means
of adding to the stocks in their coffers. In this, however, they
will he oisappointed in some degree. It is True that the last
three or four packets which have left for America have taken
specie, hut, not to- any considerable amount. The Custom-
oouse reorrns for the past week notice but one entre, for New
Yolk—' ;t haj for lite export of 7.500 ounces of gold coin. The
value of the B,itish sovereign at New York on the 2Sth ult. had
risen to lice dollats and live cents each. The following com-
munication from New York, dated the 27;h ult., is certainly not
very cher'ng one. and fully bears out the complaiuts made
agaiost the. tracks or the Union:— _ .

-" Our merchants aie groaning under the racking pressure of
the motley mai•Let. The seiews are drawn closer and closer
every day by the banl.s. the result of which must be a renewal
or ihe p.►ttir. there is little or no money in circulation. We
are going oack to h:.si p.inc.iples—bar.er. Our city hanks will
not pay !heir own bills. Safety-fund hilts are becoining scarce
—properly cannot command money. The eirculation of coin=
merce is completely dried up, and then we have a sub-treasury
hilt in »rospect to make things worse What the result will be
it is fearful to contemplate. We have became main large im-
porters of foreign grain; as ready money is paid ,or this ne-
cessai v of life, this will greatly increase the pressure for capital."
The supplies of all descriptions
of
business has grain having been very
abundant this week, a great deal . been trans-
acted, but without producing any material alteration in prices
which show a tendency to recede in value. For bonded corn
there are more jugnines, the latest adyiees fmnishing favour-
able intellicence from New York and Baltimore. where large
quantities of foreign wheat and rye had been sent at improved
prices. This trill i
lead to increased imports from hence.
The stock mat ket has been in a declining state during the
whole of the week, for wbich, however, it is difficult to account,
as money is still most abundant, and there have not been very
large amounts or the several securities thrown into circulation.
It is. theiefore, more than proba.ble that the speculations on
balance are not at
present in favour of a rise, and, as the
settling day has so nearly arrived,
i that the Bulls are slipping
stock to make up their hooks. 'I he reduction n the prices of
consols has this week been from 921 to 924,. the same value
being 'given in imme:iiate transfers as for t uesday next.—
The difference for April account does not exceed about to
3-16 per cent. The fall in the other British serum ities 11:1S
scarcely exceeded per cent. premium of Exchequer
bills ha's flu( tuated .ietween 54 and ae, and of India bonds be-
tween 55 soil N. East [hilts stock, which last week was at 265,
receded yesterday to 263,%, while Bank of •England stock, alter
falling 204 visterday:agaiii reached 2052.
The variations in the foreign bond market have been slight
this week: It is now stated that Brazil, in order to repay
Portugal the debt still due, will attempt a new lean here foi•
about half a million sterling, part of which may prubaloy be
taken to provide for thy next lia!f-yearly interest on the bonds
of the former empire. This has not much affected Brazil stock,
a fall only to 731 having taken place. and the last price yester-
day was 74. Tile va:ue of Portuguese stock has only changed
about a per cent. all the week, the five per cents having been at
27 and at 271. and the three per cents at 18 and-18i. Spanish
government had obtained
stock rose to IN, on a report that the