The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1854-04-11 00:00:00

COMMERCIAL 4. MO2vETARY NEWS

MONDAY NIGHT.

THE monetary world appears to have recovered
in a great measure from the panic with which it
was afflicted the previous week. The value of
public securities has been gradually advancing,
and money for commercial purposes has been con-
siderably easier, and the apprehension that the
Bank of England would again increase the rate of
discount has been for the time allayed, notwith-
standing that we have no victories by sea or land
to record ; nor can political affairs in the East be
said to be in a more favourable position, though
some weight may be given to the proffer of peace
by Russia, as indicative of her intentions to suc-
cumb to the Western Alliance. This apparent
restoration of confidence has had a beneficial effect
upon all descriptions of investments, though the
uncertainty which still prevails as to the future,
prevents any speculative operations in mercantile
affairs. A great advantage, however, is gained by
the diminished apprehension of monetary difficul-
ties, as there is no present reason to fear that any
real ground for alarm will arise. The returns of
the Bank of England on Friday, again show a
diminution in the stock of bullion to the extent
of 2179,564; but this is owing to the recent arri-
vals not being included in the account ; and, as
the shipments to the Continent are not so large as
heretofore, we may shortly anticipate an improve-
ment. The circulation has increased no less than
£443,465, and an increase in " other securities" of
£765,122, shows that the Bank of England has
been extending its accommodation.
In the manufacturing districts there is still
great depression, though not to the same extent
as immediately after the declaration of hostilities
with Russia. Merchants are evidently disinclined
to enter into any speculative transactions, though
it must be clear that very little difference can be
created by the stoppage of trade with Russia, so
long as it is open in every other quarter. The
amount of exports was comparatively trifling, so
that the whole would ben° great loss, while much
of it will, no doubt, be carried on through other
channels. The decline in prices has led to a notice
from the spinners at Stockport to reduce the wages
of their operatives, taking off the increase which
was made last year, when the men struck for an
advance. The ill success of the movement at
Preston will, it is hoped, prove a warning to the
working class ; and if the reduction be followed up
in other places, it may check the weekly supplies
which encourage the disaffection at Preston.
The rise in the Corn Market has proved but of
short duration, as on Friday there was again a
general decline, not only in this market, but many
others. This has, no doubt, been caused by the
recent large arrivals, and the continuance of fine
weather for the growing erops, which promise an
abundant harvest. The rise has, however, had a
beneficial effect, in enabling several large holders,
who stood to lose heavily, relieving themselves to
a considerable amount, as the sales have been very
large during the previous ten days. As for the
extent of the decline, it would be difficult to state
it with accuracy, so much difference of opinion
exists amongst those in the trade. We quote from
four circulars issued on Friday. One stated Flour
to have declined in price 6d.. to Is_ per barrel;
another circular said ls. to ls. 6d.. ; a third ls.
6d. to 2s. ; and a fourth 2s. to 2s. 6d. per barrel.
Who shall decide, when doctors disagree ?
Owing to continued purchases on the part of the
public, and to the scarcity of stock, prices in the
SHARE MARKET have been steadily improving each
day all week, and close this evening at the best of
the week. An advance of from four to six per
cent. has taken place throughout the list. We
annex prices .—Caledonians, 261 8 7 61c 7 68
Lancashire and Yorkshire, 611 1 2 114 2 ;. London
Stock, 97 8 ; Sheffield Stock, 201 ; Midland Stock,
60 + 1 60 591 60 *1 591 ; Dover Stock, 171 I
13-16;8 Shrewsbury and Chester gar.. pref. 8 per
cent., 161 : Dutch Rhenish, 4 1-16 d; Royal
Insurance, 11p.
The advices from St. Petersburg state that an
amount in gold equal to about six millions of silver
roubles, or nearly £1,000,000 sterling, has been
removed from the fortress, for the purposes, it is
to be presumed, of the war. Allegations were at
the Same time circulated that a total equal to about
£19,000,000 or £20,000,000 sterling remained.
The return from the Bank of England for the
week ending the Ist of April gives the following
results, when compared with the previous week :
Public deposits ... £4,41,5,788; Increase £21,981
Other deposits ... 11,037,153; Decrease 55,073
Rest ... 3,757,568; Increase 13,371
On the other side of the account—
Government securities £11,607,616, Decrease £184,500
Other securities ... 16,522,726; Increase 765,122

Notes unemployed ... 5,998,255; Decrease 633,280
The amount of notes in circulation is £21,684,240,
being a increase of £443,465 ; and the stock of
bullion in both departments is £14,449,718, showing-
a decrease of £179,564, when compared with the
preceding return.

ISSUE DEPARTAIENI'.
Notes issued ... £27,6B2,4os'Governmt. Debt £11,015,100
Other Securities 2,984,900
Goldcein & bu11'n.13,682,405
;Silver bullion ...

£27,682,495
BANKING DEPARTMENT.

£27,682,495

Prop. Capital ... £14,553,000'G0v. Securities £11,807,616
Rest , 3,757,57610ther Securities 16,522,726

Publie Deposits 4,445,788 Notes 5,999,255
Other Deposits 11,037,153 Gold & Silver Coin 767,223
7-day & other bills 1,102,303
£34.895,820 £34,895,820
COTTON.—The market during the week has been
dull, owing to the same causes which have affected
all commercial operations,. but towards the close a
much better spirit was manifest. Consols were
improving, and the money market being consi-
derably easier, holders did not display so much
disposition to sell. The sales for the week, dp to
Friday, amounted to 34,480 bales, of which 2,810
were on speculation and 2,060 for export. The
advices per Arabia were received on Saturday ; but,
as the market is less affected by operations in
America than by affairs on this side the Atlantic,
they made no impression, although, under ordinary
circumstances, they would have been deemed
favourable. TO-DAY there was a much improved
demand, and prices were higher, although the
increase was not sufficient to alter the quotations.
The sales were between 7,000 and 8,000 bales, and
the market closed firmly with some animation,.
the demand having been more general, and for
larger lots, than. for some time past. The following
is a comparison of present rates with those of the
corresponding period of last year :-
1853. 1854.
New Orleans, middling... qd. 51d.
fair 614.
Uplands, middling Old. 5 5-161.1.

. 6fd.

I I SALES. IMPORTS. (STOCK
,---.A..71 ~...-..4.--_, ---.
'DESCRIPTION. PRICES. Week ; Prey]. Week mi.
ending i ously ending w ' lApl. 7
1 ear. ,
Apl. 7,this yr. Apl. 7
Sea Island 9 @25 3201 i 5900
Stained 5,1 94 20, 500 125126 175610
flowe<ls 4 64, 8930 102600 , 406590
Mobile 4 6ki 51301 43610 1 4369, 3069571
New Orleans. 3k 8 12960 233000 i
Pernains, &c. 0 6il 690• 11740 28211 104481 20200
[labia, &c 64 6131 340 7540 .... 9669 11950
Maranbain
Dernerara,Stc 7 74 10 230 .... 124, 150
4.0 .201 79 1560
() } 112291 91378 208500
Egyptian 6 Cli 1440 31796 .... i 93321 60460
67 1174 3500
:.1..&..c.. —3l --_,li
....
1790
. 880 1341 974, 3680
-- -- ..••,
_...--- -- -,--, -
Csßiearmn(aigr.tal
134480 530300 83065 616951 733090

Wooo.—The market has been very inactive
since our public sales, and the prices of the few
transactions which have transpired have been
much the same. There is no particular press on
the market yet ; and, in the absence of which, we do
not expect to see prices much lower—in fact,
there seems to be, an opinion prevalent, that prices
have seen their lowest point—in such case we may
expect to see some activity shortly. Imports for the
week, 561 bales, viz.: 373 East India, 133 Portugal,
5 Mediterranean ports, 22 Scotch, 5 Irish, and 23
coastwise.
PRODUCE.—The markets generally have been
dull, with little business doing in Sugar, Tea,
Rice, Coffee, &c., but without any change in prices.
For Saltpetre there has been an improved demand,
at a considerable advance in prices. Palm Oil and
Tallow have been rather lower. To-DAY the Sugar
market continued in a very inactive state, and, in-
cluding Saturday's business, the sales were confined
to 1,500 bags Bengal, to the grocers, chiefly mid-
dling white Benares, at 375. 6d. to 385., including
a few Dates, at 345. 6d. to 355. 6d. per cwt. There
is nothing to report in Molasses, Rum, or Coffee.
The Tea market continues to show symptoms of
improvement, and quotations for common Congou
rule from about llfd. to 111 d. per lb. ; there is a
better feeling in the medium kinds also. The
business in Rice is confined to 350 bags Madras, at
12s. 9d. per cwt. 50 tons St. Domingo Logwoood
have been sold at £6 ; 50 bales Sunn Hemp, at
£3O Per ton ; and 30 cases Castor Oil, at 41d. per lb,

A CONCEIT IS PROUD that he has learitect SO much; isilom
humble that he known no mom