The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-08-09 00:00:00

THE LIVERPOOL STANDARD, AND GENERAL COMMERCIAL ADVERTISER.

parently earnest request of a deputation—one good mein•
ber is worth fifty deputations of five hundred members
each. And if any of our Lancashire friends have claims
on the present government, I strongly recommend them
to avoid the deputation system just as they would the
Upas tree. _

There appears to be an impression in the Clubs, Con-
servative as well as Liberal, that Parliament will as-
irly in November ; and that

the RUSSELL-ABERDEEN Administration ari
to the permanent establishment of such a

,ble
lutumnal

.e favoilra.

Ithering, with the view of rendering
rolongation of the ord;--

unnecessary the

session beyond the' first

iveek in July. A de
has been got up by Mr. GEANTLEY BERKELEY, One Of
the Government whips, and it has already received the
signature of nearly three hundred members. Some prac-
tical men have given it as their opinion that the expe-
riment will fail, but in my mind the success or failure will
depend very much on the use to which Government will
put the short preliminary session. Of course, if the Com-
mons are to be called together in November for the pur-
pose of indulging in speechmaking up to Christmas, Mr.
BERKELEY'S plan will do more harm than good ; but if it
be devoted by Ministers to making substantial advances
with a series of measures, then great must be its advan-
tage ; and I hope it may be adopted, if for no other reason
than that it will save us from the agony of sitting in the
pestilential atmosphere of the House during the sweating
nights and mornings of July and. August. Glancing
through the parliamentary reports, you will not have
failed to observe that many of the measures which are
under the immediate care of the Home Office, have been
introduced into Parliament by white-headed 808 LOWE,
one of the Vice-Presidents of the Board of Control, and
by him conducted through the respective stages. This
Circumstance has given rise to a good deal of speculation,
and the majority of people, either in doors or out of
doors, can't understand why the business of one depart-
ment should be transacted by the subordinate of another.
The fact of the matter is simply this,—Lord PALMERSTON,
the Secretary of State for the Home Department, won't
work. Since his return to power he has become mon-
strous lazy, seldom or ever going near his office, and, if
the, story which his friends tell be true, absolutely falling
asleep at Cabinet Councils; when Russian aggression on
Danubian Principalities forms the subject of deliberation.
The sub-Secretary for the Home Department is labouring
under a treacherous malady, and his physicians having
some regard for his life, peremptorily impose absence from
the House of Commons. His conflict with the London
cabmen, and the excitement consequent on the strike
which his legislation brought about, have rendered him
LUUre than ever a at subject for the sinllnl and watchful
physician's hands; and hence it is that' Bob LOWE,
one of the Time*' leader-writers, is obliged to represent
the Home office in the House f Commons. It strikes
me very forcibly that, as the CIIANCELLOR of the D'uorrY
of LANCASTER has nothing in the world to do but eat,
drink, sleep, and take his salary, the office should be
conferred on Lord PALMERSTON. In the Home office he
is out of his element, and in the Foreign departmenthe has
already proved himself no faithful minister of the-Crown.

mr of such a project

JoiNSA.DLIER, the Junior Lord of the Treasury, and
recently returned to Parliament as representative for the
pure borough of Sligo, is a lucky bird. There have been
no less than three petitions presented against his ele4tiou,
each alleging various acts of bribery, corruption, intimi-
dation, Hanlyism, and I know not what beside, but the
recognizances in all three cases are insufficient in point of
value, or defective in point of form, and therefore fatal
to the progress of the inquiry which Mr. SOMERS, the
defeated candidate, seemed bent on prosecuting. Mr.
SADLIER'S seat is therefore secure, and Messrs. LUCAS,
DUFFY, and GRAY, may now bark until they are black
in the face.

COMMERCIAL 4 MONETARY

NEWS,

MONDAY NIGHT.

ALTHOUGH the commerce of Great Britain may
be considered in a most satisfactory state, owing to
the steadiness of prices, the continued demand, and
the absence of all tendency to feverish speculation,
the long-protracted negotiation on the affairs be-
tween Russia and Turkey, and the uncertainty
which still exists as to the issue, have had rather a
serious effect upon monetary affairs. This is owing
in some measure to the various contradictory re-
ports received by electric telegraph, which have
tended to weaken public confidence, and the conse-
quence has been a decline in the value of Public
Securities to a lower point than they have reached
for a considerable time past. Something is also
owino., no doubt, to the continued demand for specie
as shown by another decrease in the stock of bullion
in the Bank of England, arising, probably, from the
arrivals from Australia being smaller than were
anticipated. The uncertainty as to the productive-
ness of the approaching harvest has also not been
without its effect, and these combined causes have
led to an increase in the rates of discount. It was
by some expected that the Directors of the Bank
of England would have raised their minimum rate
of discount from 3i to 4 per cent., but Thursday
passed over without any change being announced.
While we allude to these various causes as having
probably operated injuriously on monetary affairs,
and. thereby tended to restrict commercial opera-
tions, we are of opinion that many of them may
prove to be groundless. We have endeavoured to
show, in a leading article, the reasons for believing
that political affairs in the East will not result in a
resort to hostilities ; the favourable change in the
weather must have removed many of the apprehen-
sions as to the coming harvest, and in the next
place the subsequent receipts of gold and the
arrivals expected will, no doubt, speedily place the
resources of the Bank of England upon a more
satisfactory basis. A few days more may serve
materially to alter the aspect of affairs, and the
money-markets, relieved from the pressure of doubt,
exhibit a buoyancy which will more than counteract
the present depression. The attempt of the CHAN-
CELLOR of the EXCHEQUER to partially retrieve the
failure of his financial scheme by giving to trustees
who are bound to invest, the power to accept his
proposed conversion has met with more opposition
than it seems to deserve,. There is no doubt that
in the present position of affairs any attempt at
conversion is utterly hopeless, but a reaction might
enable him to rally so fares not to render his pro-
posed saving a positive loss.
The reports from Manchester state that al-
though there has been some inaction, owing to•
the unsettled state of affairs in the East, prices-,
have been firmly maintained; more particularly for
the home-trade goods and yarns. Indeed, business
appears to be on a most satisfhctory basis, and the
settlement of the Russo-Turkish question, which is
now immediately anticipated, wffl no doubt add ma-
terially to the buoyancy of the market. The turn-
out at Stockport is at length brought almost to a
conclusion,, owing, in a great measure, to the de-
mands for manufactured goods leaving the masters
no alternative than to submit to the demands of the
operatives. From the other manufacturing districts
the reports are of a similar character, prices being
steadily maintained, notwithstanding. a temporary
inaction..

The official,- returns relating to the trade and na-
vigation of the United Kingdom have been made
up for the month and six months ending July 5.
In all the principal staples there has been a large
increase of imports, taking the months, as com-
pared with the corresponding periodi of last year,
but flour is oneexception. The month's imports
of rum, tobacco, wine, and sheep's wool are larger;
but in cotton; brandy, tea, and tallow there is a de-
crease. The exports show a great increase upon
the month in cotton manufactures, Ems, metals,
beer, and ale, coals, and some other articles. The
result is, that during the month ended-July 5, the
exports were £6,772,733, being an increase of
£1,003,637. The six months' exportS amount to
£41,866,557, an augmentation of £8,317,165. The
vessels eivaged in the foreign trade gave a tonn, ge
of 697,311, being an increase of nearly 100,000
tons, and in this-increase the ships in the United
Kingdom and its dependencies count for about
63,000 tons. These are the entries inwards, and
the outward clearances are almost equally large,
although the scarcity of shipping has . caused the
increase to be less conspicuous in British vessels.
It should, however, be borne in mind that this vast
amount of exports has been entirely owing to the
discovery of gold in our colonies, andi the conse-
quent tide of emigration which has sets in from this
country, as also from many European, states, thus
creating an almost inexhaustible demand for articles
of general consumption.

-The return from,the Bank of England for the
week ending the 30th of July gives.the following
results, when compared with the previous week
Public deposits £2,175,265; Inerease £325,607
Other deposits ... 12,755,038; Deerease 424,800
Rest •• • 3,248,703; Inerease 5,122
On the other ski-I)A' the account--

Government securities £13,337,333; Decrease £200,000
Other securities ... 12,466,213; Decrease 86,800
Notes unemployed 7,870,510; Increase 137,515
The amount of notes in circuiatibiris £23,352,290,
being a decrease of £274,800; and the stock of
bullion in both departments is £17,739,107, showing
a decrease or £90,172, when compared with the
preceding return..

ISSUE DEPAUTMENT.

Notes issued ... £31,322,800 Governmt. Debt £11,015,100
Other Securities 2,994,900
Gold coin & bu11'n.17,303,646
Silver bullion ... 19,164

231,322,800

231,322,800

BANKING DEPAUTXENT,

£14,553,000' Gov. Securities £13,337,333
3,248,703 Other Securities 12,466,213
2,175,265 Notes ... 7,970,510
PP:tosbptelir. Capital
Deposits 12
'755,038 & Silver Coin 416,307
7-day & other bills 1,458,357
Public
De

R 34,190,8631

£34,190,363

Our SHARE 31AAKET continued extremely duit
all week, with prices " on the dwindle," and scarcely
any real business until, this morning, when., an
article in the Mnes of a pacific nature, giving
alarm to the Bears
We cannot learn, however,
Bears, caused some extensive buying
from that fraternity..
that there has been
-any increase of real business,
the public not readily believing that so important
a matter can be so easily settled, and being.without
confidence in Russian promises. We close, this
evening flatter than at the best of the day. Annexed
are the Prices- :—.Chester and Birkenhead, 201 ;
Caledonians, 34 ; Chester and Holyhead, 224
London Stock, 1151 Manchester, Sheffield, and
Lincoln, 29 ; Midland Stock, 711 ' • North British,
8 3-16 k York and North Midland, 291.
COTTON.--The fears of war, the‘ depression in
the public funds, and the tightness-of the money
market have operated to produce a slight re-action,
owing to the manufacturers who have purchased
freely
.of late, having withheld. their orders for a
time, in order to watch the effect of circumstances
upon holders. The latter,, however,, have not felt
inclined to give Way, though; for American the turn
is in favor of the buyers, but Brazilian may be
quoted rather dearer. The. sales during the week
ending Friday were only 44,210 bales, of which
3,960 were for speculation and 6,860 for export.,
On Saturday the demand continued limited, the
sales amounting only to 5,000 bales, including
" 1,000 on speculation and for export. TO-DAY there
has been a much better inquiry, the transactions
reaching 10,000 bales, of which 4,000 are on specu-
lation and for export, with a firmer 'market.

1 SALES.

rascitipTlON. PRICES. Weelf-----=
ending ously
Aug. s.,this yr,

Sea Island l4 (442 270, 14090
Stained •• 7 8 20; 1060
Boweds •• • • 32 7 10400 316G20
Mobile 4i 7 3930, 203060
New Orleans 34 8 162701 693653
Pernarns,&c 6i 8 18801 48960
Bahia, litc• • • 300 37100
Maranham 61 /i 400; 281701
Demerara,&c 61
201 4201
Egyptian •• • • 6 10i 23201 8744 q
com.W.l.Btc. 5* 8 100. 7850
Surat • 2l 64 79001 143060

I 3 3il

Madras
8enga1......

201 3000'
4230

IMPORTS.
_,--.,

,----,
Week
ending
Aug, 5,

I 4421-0!158871-01

'STOCK

8924 421379
JJ 376000
45271 849443

2967 37048 8160
.... 20013 5650
.... 19399 15930
.. 495 630
2277 74188 94600
7 4884 3270
2368, 183031 139990

4356 3440
21070.1614236 847670

PuoDucE.-7-There has been a good demand for
most description? of Sugar, but no further change
has taken place in prices ; the sales consist of 850
hhds. 8.P., 12,000 bags Bengal, 550 bags Mauri-
tius, and 1,200 bags Madras. The market for
Foreign continues steady, with a fair demand, and
the sales comprise 170 hhds. Cuba and Porto Rico,
at 35s to 37s 9d, and 5,000 bags Pernam and
Paraiba, at 18s 6d to 19s 6d for average brown to
middling yellow: Without any change in value of
Molasses, there is rather more disposition to buy.
The business in Coffee is chiefly confined to the
public sales of Jamaica, when 250 tea. were sold
with fair spirit, the good and fine middling descrip-
tions realising full prices. Of Rice 600 bags Ben-
gal sold at lls to 12s, and 10,000 bags Moulmein

and 8,500 bags Arracan at 9s 9d per cwt
former prices. For Rum the iharket remains very
firm, and the demand good ; Jamaica, chiefly
favourite marks, have realised extreme rates. In
Tea a few common Congous sold at I.ld, which is
id per lb. decline on the previous week's rates ;
several parcels of the blackish leaf kinds were taken
'.
by the trade, a

being

buyers

Trans

prices slightly in MN
tions in greens limited

petre a steady demand, 1

For Salt-

sold at former

prices. Fora small parcel of fine Turpei
per cwt. has been obtained. Some large parcels of
American Rosin sold at 4s 6d for common, and at
9s to lls per cwt. for fine quality. Ashes in good
request. Hides ; At public sale only a small por-
tion of the East India Kips found buyers ; dry
Buenos Ayres Hides sold at 6-kd to 71-d, dry salted
Ceara at Rd per lb, and salted River Plate at full
prices. Olive Oil in steady demand ; nearly 100
tuns have been sold, prices being a shade higher
for middle qualities. Pale Seal Oil £32 lOs to
£33, Cod £32, and Sperm £BB :per tun. Refined
Rape has been selling readily at 37s Gd to 38s 6d,
and 20 tons Linseed Oil are reported at 29s 6d per
cwt.. Of Oil of Turpentine 150 brls, have been
sold at 45s per cwt. Palm Oil has been in good
demand, and 450 tons have been sold at £36 5s to
£37 on the spot, and 1,650 tons at £36 lOs to
to £37 lOs per ton to arrive. Tallow has been in
better demand, Petersburg Y.C. having been sold
freely at 52s to 535, North. American at 535, and
South American at 50s to 52s per cwt. Higher
prices are asked for Hemp. The sales of Jute con-
sist of 21.00 bales at £2O 15s to £22 lOs per ton,
being, dearer for the lower qualities. To-DAY there
has been an improved demand for Sugar, the busi-
ness, includinc, Saturday's sales, eomprising 220
hhds. Trinidad at 33s to 33s 9d, 180 hhds. and 150
brls Antigua at 32s 9d to 34s 9d, 120 hhds. Deme-
rara at 32s 9ct to 33s 9d, and at 379- to 40s 3d for
vacuum pan, 1,000 bags Cossipore at 42s to 435,
1,500 bags Benaires at 37s 6d, 200 bags Dates at
364; 65 hhds. Cuba. Muscovado at 35s gd, 40 hhds.
Surinam at 33s to 33s 6d, 180 cases and 300 bags
Bahia, at 17s to 205,. and a cargo of white Bahia,

afloat;, for a near continental port, at 225, 9d per
cwt. Of Molasses, 80' puns. Antigua sold at 16s 6d
per cwt, and a small let of Demerara Rum• at full
prices. In Coffee the business is confined to 100
bags Rio,at 43s 6d to 445. 6d per cwt. The trans-
actions irr the Tea markets-have been limited, and
at previous'rates. 30 toes, Carolina Rice are re-
reported at 24s 6d to 255, a=small lot of Saltpetre
at full prices, 30 chests Sher! Lac at 425, 800 bags
Cutch, to arrive, at 38s per owt., 250 bales Jute at
£22 10s per ton, and 1000 bales, afloat, the price
of which has not transpired.

WooL.—The business of the:week has not been)
quite so active, aid holders are more inclined to
meet the market; this may be amounted for partly
from the warlike appearance whichthe Russian ques-
tion has presentedrand which, added to the tighten-
ing of the money market, have produced a more
cautious clisposition-ainoni manufacturers, who are
still consuming at a full average rate, and will
very shortly be compelled to come into the market
more freely. Some small sales of Alpaca are re-
ported at full prices ;-; stocks on the- market only
moderate, and held firm. The publie-sales of Colo-
nieWools in London are progressing steadily at
an average decline of ld per lb on May prices,
common and inferior flocks sharing most in the re-
duction. East India, Dionskoi, Egyptian, &c., are
also ruling at a decline of to ld on previous cur-
rent rates ; the sales are expected to close on the
13th instant. The latest news received' gives a
more favourable account of the Eastern question,
which will have its effect on the market.