The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-06-14 00:00:00

COMMERCIAL AND MONETARY NEU S.

MONDAY NIGHT.
THE drain upon our stores of the precious metals
has met with a check, for the weekly returns of the
Bank of England show an increase in the stock of
bullion of more than £300,000—arising, in some
measure, from the increase in the minimum rate of
discount, and the cessation in the shipment of sove-
reigns to Australia. The news from the East is,
however, of a threatening character ; and the pros-
pect of a war being imminent, has not only sent
down the Funds below par, but set aside all hopes
of carrying out the CHANCELLOR of the EXCHE-
QUER'S scheme to diminish the interest of the
National Debt. A large amount of Exchequer
Bills, to the extent of more than three millions, has
been paid off within the last few days, and the ope-
ration, although it may have conduced to the appli-
cation of the screw by the Bank Directors, has had
the effect of rendering money easy out of doors, and
enhancing the value of the unredeemed Exchequer
Bills, which have risen from par to from ss. to Ss.
premium. The acceptances for the conversion to
the new stocks have been very trifling, and the
whole affair must be considered as virtually aban-
doned. It met with very little response when Con-
sols were above par, and now when they are con-
siderably below it, success is out of the question.
Our SHARE MARKET has been very fidgetty
and unsettled all week, from the state: of political
affairs in the east. There is, however, one remark-
able feature in the present uneasiness, which is,
that holders of stock and shares are not frightened
into actual sales; this has been an invariable
accompaniment of previous panics, and the absence
of it in this indicates a more prosperous state of the
body politic. It is true that there have been sales
to some extent, but these have been almost
altogether those of the bear fraternity, and in con-
sequence of these stock is scarce for the approach-
ing settlement, and continuations are lighter than
they have been for some time ; prices also advance
as the account day approaches, notwithstanding
that political news are less favourable. A certain
evidence that there has been a predominance of
buyers throughout the account. Our local stocks
continue very steady, and are easy of sale at the
quotations. We annex prices of this day :
Blackburn, 7; Caledonians, 331 s 4 ; Eastern
Counties, 12 15-16 a ; Lancashire and Yorkshire;
77b 43- London, Brighton and South Coast, 17,
London Stock, 1141- 15 14:1; Ditto Fifths, 2p;
Ditto Eighths, 3-16 p; Sheffield Stock, 291;
Midland Stock, 7 1 a ; North British, 8-k ;
Shrewsbury and Hereford, lid : Dover Stock,
211 1 I 1 * 1 f; York and North Midland, 291
COTTON.—WhiIe the news from America has
been favourable to holders in this market, and
under ordinary circumstances a rise might have
been anticipated, the unsettled state of affairs in the
East and the partial turn-out in the manufacturing
districts have had the effect of deterring from any
extensive operations. Prices, however, have been
firmly maintained, particularly of the better quali-
ties, lower kinds being not quite so much in favour;
and this, in the face of the adverse circumstances
we have alluded to, is a proof of the sound state of
the market. The Sales during last week were
limited in amount, and on Saturday only reached
4,000 bales, nearly all of which were for the Trade.
To-DAY the advices by the Africa were received,
awl were of a more favourable character than those
previously received, not only as to existing stocks,
but also as to the prospect for the next crop, which
is likely to prove short. There was, in consequence,
increased activity in our market, and the Sales
reached 10,000 bales, of which about one half were
on speculation and for export at firm prices.

PizonucE.—There having been a better show of
West India Sugar, and the demand freely met by
importers, the sales reached 1,400 hhds. ; 3,000 bags
Bengal and 3,800 mats Mauritius have also been
taken, at about last week's rates. No sales reported
in foreign. Molasses dull of sale. In Coffee a
limited business. Of Rice 150 tierces Carolina
changed hands at former rates, and 3,000 bags
Bengal from 9s. 9d. to 11s. 6d. per cwt. Rum in
good demand, but the business trifling. In Tea
some considerable parcels of blackish leaf Congou,
out of the recent arrivals, have been taken by the
trade at previous rates, but all other descriptions
have been neglected, attributable to dealers being
so much occupied with their clearances, which
continue on a heavy scale. In Saltpetre 1,100 bags
sold at 265. for 7 per cent., 275. for s+, and 295.
per cwt. for 3 per cent, refraction. Of Guano 400
tons sold at rather tower prices. American. Roin