The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-01-26 00:00:00

FINANCIAL AND COMMERCIAL SUMMARY

The announcement by the Bank of England of the ad-
vance of the rate of interest to four per cent. on bills
having more than 95 days to run, has thrown a little damp
upon the speculation going on in this port. By some it is
viewed as a movement, by the bank, to prevent excessive
prices of corn and cotton, and as directly levelled against
a certain description of paper by which operations in these
articles have been fomented ; and it is broadly asserted
that the directors are determined to go on until, their ob-
ject is accomplished, and business resumes its natural
state. The prevailing impression, however, amongst well-
informed people is, that the bank is only acting in self-
defence, and taking precautiOns in time. The dangerous
position of the Bank of. France has not been overlooked
in Threadneedle-street ; and added to the necessity of
providing for a possible demand of assistance from that
establishment, the increasing importations of foreign
breadstuffs are considered as likely to create a very serious
drain of specie from this country. All these considera-
tions and circumstances

with the fall of what may be con-
sidered the national financial pulse—consols—have com-
bined to produce an uneasy feeling amongst our commer-
cial classes generally, and to enable buyers of most com-
modities to purchase upon better terms.
The announcement of the ministerial measure affecting
corn, has not had any very material effect upon prices.
Free grain is a trifle lower, having come down to meet
the price of bonded, which has not advanced, although
firm at the highest price previously realised. The arrivals
within the past few days have been large ; but it is
thought that, being already sold, they will not materially
affect the market. A change of wind, however, which
has prevailed for an unusually long period from the
eastward, and southward and eastward, must bring in
still more heavy supplies, as a vast number of grain-laden
vessels are now on their passage and overdue.
The Cotton Market has receded during the week, with
very little doing, even at the reduction submitted to.
The anticipation of tightness in the money market has
affected the spirits of speculators, whilst the adoption of
short time is limiting the operations of spinners. An
important article—" A Few, Facts on the State of the
Cotton Manufacture"—which will be found in another.
column,' will be found worthy of perusal by parties in-
terested in this great staple.
The effect of the announcement of the Chancellor of
the Exchequer, containing the terms upon which sugar
will be allowed to be used in breweries and distilleries,
had the effect, upon its being known here, of raising the.
price 2s. per cwt. Our dealers and the trade, however,
had been prepared for the adoption of such a measure ;
and some of the brewers and distillers have been ope-
rating largely by anticipation. On this account a con-
siderable rise had already taken place, which, from
•

may down at is.
transactions the market was

very firm, at. full -prices.
Our share market is quite prostrated, and nothing doing

BIRKENHEAD HOSPITAL AND DISPENSARIES,

Jan. 24, 184 t.

LATEST INTELLIGENCE.
(By EXPRESS.)

LONON CORN MARKEL—YESTERDAY.
The lass-forD the free admission of Corn to the Ist of Selk tember has passed the House of Commons, and expected 10 go through the Lords to-night, and be in operation to-morrow
or Wednesday.
At this day's market there was a good supply of English
Wheat, which sold steadily at the currency of this day week.
Free Foreign held firmly, but not so large a business trans'
acted to-day. Floating cargoes, however, are greatly sought
after, and 2s. to 3s. per quarter advance would be freely given,
but few on sale; and this remark also applies to Indian Corn.
Barley and Malt are unsettled, and buyers act on the reserve,
although offered at 3s. per quarter reduction.
Beans rather dearer. White Peas 2s. higher.
Our supplies of Oats are trifling, and necessitous buyers have
had to comply with a further advance of Is. per, quarter. -
SMITHFIELD CATTLE MA RKET.--YESTERDAY.
Although the attendance of buyers was numerous, the Bee trade was in a very sluggish state, at a decline in the quota-
tions obtained on Monday last of 2d. per 81b., the very highest
figure for the best Scots not exceeding 4s. 4d. per 81b.
The numbers of sheepwere considerably on the increase, and
of excellent quality, owing towhich, the change in the weather,
and the heavy supplies offering in the dead markets, the mut-
ton trade was dull, and the currencies declined 2d. per 81b.,
the best old Downs selling slowly at ss. per 81b.
In Calves, the supply of which was limited, very little wag doing, at barely stationary prices.
MONEY MARKET.—YxsTERDAY.
Public Securities have been much agitated during the whole
of the morning, and.the fluctuation in Consols has been pet
cent. The prices from Paris .were generally expected to come
'lower, but instead of that there was an improvement both is
the dentes and shares, and this had considerable influence in
turning the tide here. Consols for Money have been donefmns
90} to 904 and for the Account from 90# to 91f, and are not
sellers at 91#.
There has been a large amount of business done, but the
principal part of it is presumed to be in checking accounts.
The amount of money required bygovernment for the distres9
in Ireland is another point which is dwelt upon in the calcula-
tions of the speculators, and on that, as a matter of course,
different views are taken. Reduced Three per. Cents. have
been done from sin to 91, the Three-and-a-Quarter per Cents.
920 to f, Spanish Stock last at 2041, and India 2.0.• Exchequer
Bills have ranged from 3 to 7 pm.