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

COMMERCIAL AND 310NETARY NEII 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 £3oo,ooo—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.
In the manufacturing districts business has been
considerably interfered with by the reports from
Turkey, which have rendered buyers extremely
cautious, and the value of yarns and goods for
export has experienced a decline. This depression,
however, must be considerably counteracted by the
movement among the operatives for increased wages,
which will not only have the effect of enhancing the
cost of manufactures, but of diminishing produc-
tion to a very great extent. As both influences are,
however, in abeyance, little business is doing, both
parties being unwilling to enter into any fresh
engagements until something more definitive is
known. The same dulness prevails in almost all
our chief seats of manufacturing industry.

The monthly returns published by the Board of
Trade show a considerable increase of exports
during the month ended sth May as compared with
the corresponding month of last year. The in-
crease, which amounts to £2,309.995, arises from
every article with the exception of Wool and
Woollen Yarn, upon which the decrease is £59,503.
The largest amount of increase is on Metals, which
reaches to £672,778, and the next on Cotton Manu-
factures to the extent of £518,811. Upon the four
months ended sth May there is an increase of
£6,125,970 as compared with the corresponding
period of last year. Much of this export trade is
owing to emigration, as on many articles suitable to
colonial emigrants the rate of increase varies from
50 to 150 per cent. Upon imports of articles for
home consumption there is an increase upon Bread-
stuffs, Coffee, Sugar, Wine, Spirits, and Tobacco,
but a falling off in Tea, Fruits, and Spices, owing,
no doubt, to waiting for the new duties. The im-
ports of raw materials show an increase of every
article except Hemp, that on Wool being by far the
largest, or a rise from 4,254,2801 b. in 1852 to
7,575,8091 b. in 1853. These returns have, there-
fore, afforded abundant proof of the great increase
in our Imports and Exports. The Excise returns
for the quarter ended sth of April show an increased
consumption of Paper, Spirits, and Malt, but a large
falling off in Soap, owing to the long-anticipated
abolition of the duty on this article.
The returns of the Shipping trade during the
month ended the sth May, do not present so fa-
vourable an appearance, particularly with reference
to British Shipping, while the increase on Foreign
Shipping shows that the repeal of the Navigation
Laws is operating unfavourably to this important
interest. Of ships entered inwards, the tonnage of
British vessels has declined from 353,564 to 280,792,
when compared with the corresponding month of
last year, while the tonnage of Foreign vessels has
increased from 217,803 to 228,610. Of vessels
cleared outwards, the increase on British Shipping
is from 434,322 tons to 472,072 tons, or S-,1 per
cent, while on Foreign Shipping the increase is
from 174,697 tons to 219,828 tons, or 26 per cent.
This injurious tendency of the present system is
still further shown by a reference to the Number
and Tonnage of Vessels which entered inwards and
cleared outwards of the United Kingdom, on the
first four months of 1852 and 1853, exclusive of
vessels in ballast and coasting trade.

British Vessels. British Tonnage.
Inwards. Outwards. Total. Inwards. Outwards. Total.
1852.. 4,440....5,815... 10,25 i 1,053,013... 1,399,467.. 2,452,480
1833.. 4,402... .5,309... 9,711.... 1,047,402... 1,348,098.. 2,395,500
Decrease British.. 544.... Decrease British... 56,980
Foreign Vessels. Foreign Tonnage.
Inwards. Outwards. Total. Inwards. Outwards. Total.
1852.. 3,026._ .2,886... 5,912.... 600,634... 590,326..1,19`0,960
1833.. 4,028... .3,402... 7,430.... 739,006... 790,138.. 1,549,144
Increase Foreigr.. 1,519.... Increase Foreign.. 355,184
Or, at the rate of 1,000,000 tons per annum.

The return from the Bank of England, for the
week ending the 4th of June, gives the following
results, when compared with the previous week :
Public deposits .. £4,635,454; Decrease £970,958
Other deposits .. 12,902,839 ; Increase 967,256
Rest .. .. 3,106,195 ; Decrease 4,069

On the other side of the account—
Government securities £13,121,653 ; The same as before.
Other securities .. 14,632,359 ; Increase 610,645
Notes unemployed .. 8,366,970 ; Decrease 504,590
The amount of notes in circulation is £23,423,435,
being an increase of £841,405 ; and the stock of
bullion in both depaitments is £18,253,934, show-
ing an increase of £309,387, when compared with
the preceding return.

ISSUE DEPARTMENT

Notes issued .. £31,790,405 I Govrnt. Debt.. £11,015,100

Other securities 2,954,900
Gold coin& bu1n.17,771,251
Silver bullion .. 19,154

£31,790,405

£31,790,405

BANKING D
Prop.'s capita1.£14,553,000
Rest
Public deposits. 4,635,451
Other deposits . 12,902,839
7-day, &c. bills. 1,390,023

£36,587,511