The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-11-23 00:00:00

THE LIVERPOOL STANDARD.

LONDON AND NORTH-WESTERN RAILWAY.

OPENING OF THE TRENT VALLEY-RAILWAY, FOR
THROUGH TRAFFIC.
THE Public is requested to take NOTICE, that on
and after Ist December, the MAILS AND OTHER
TRAINS, between LONDON and LIVERPOOL, MANCHES-
TER, and the NORTH, will be transferred to the TRENT
VALLEY RAILWAY, and that from that date the Clocks at
every Station on the London and North Western Railway, will
be set to Greenwich Time.
New TIME BILLS for the LINE and its various BRANCHES,
May be had at any of the Stations on and after the 25th day of
the present month.
By order of the Board,
MARK HUISH.
General Manager'e Officf,,Er‘Station,
latit Notylgt, 1847.
NOTE.—Greetlirkil Time is
Before ,irmingham Clocks
„ Liverpool Clocks 12 ~
„ Manchester clocks 10
„ Preston Clocks 10 ~,
„ Chester Clocks 12 ~

Observe that the Signature of the proprietor, ‘`.G. C.Serjeant,"
is written on the Government Stamp.
S
LOTION, the only effectual Remedy
against Rheumat;sm, Rheumatic Gout Sciatica and Loin.
li bago. Sold by the Propetor, G. C. SERS'EANT, ko. 7, Lo-
velPs-court, Paternotier-row, London; and by all Vendors of
Medicine. Price '2.s. 9d. per Bottle.
The astonishing success which has crowned the application
of this external Medicine in the most hopeless and deplorable
cases, when the unhappy sufferer had despaired of ever gaining
even the least relief, anti this after the ablest vice and every
other Means had completely failed, most *ustly entitles it to the
attention of the afflicted.
This excellent Medicine, so un rsally esteemed, is unat-
+tended with the least danger or convenience; hundreds have
experienced its happy and - . utary effects since it was first
introduced; and such are .she properties of this invaluable
Specific that persons :nring under the most distressing
Rheumatism, Rheut+ + Gout, and Lumbago, and rendered
thereby incapabl f assisting themselves, have been relieved
in .a few hours.

Amongst many which are being daily received are the follow-
ing,testimonials
Well-street, Cripplegate.
R ,—I have been several weeps confined to my bed by Gout
and Rheumatism, not a part from!my head to my feet free from
pain, and as helpless as an infant :.not even a finger could I
move. In this unpleasant situation I was informed by my me-
dical attendant he had applied all the usual remedies, and that
I might remain months in my deplorable situation.
Fortunately your remedy was made tnown to me, or I might
have been to this day confined to my bed. After a close appli-
cation of four days, my troublesome companion began to dis-
appear ; in a,week I was capable of walking about my room,
and by another week's perseverance in the use of your Medi-
cine was enabled to leave London. Fearful of another attack,
you will pleaseto send six bottles.—l am, Sir, your obedient
servant,— D. W. STONE.

itorlen's Hotel. Strand, 18th August, 1846.
Sin,---1 have hitherto had a prejudice against having recourse
to advertised medicines, but as I have for years been a severe
sufferer from Lumbago, as well as Sciatica, and having tried
several of the most erninent Physicians of London and Paris, .I
was induced by a friend to make a trial of your liquid, called
" Serjeant's Lotion.' I think it in gratitude dueto you to say,
in less than an hour from the time I applied the Lotion, I felt
the most pleasant and indescribable relief. The immediate
effect was to produce a abort but tranquil and most refreshing
slumber, from which I awoke to enjoy that which was, from its
novelty, the greatest happiness—perfect quietude and freedom
from pain. The number of poor souls that suffer as I have is
immense, and if the publication of this testimony can induce
one to accept of the salvation you offer, I shall feel that I Base
not lived in vain.—With many thanks, I am yours,

HENRI VILIENNEVI3.

14, Belmont-place, Trandemorth-road, Oct. 26, 1844.
SIR, I feel in duty bound to acknowledge, that after suffer-
ing acute pains from Sciatica, or severe Rheumatic affection in
the hip-joint, and being deprived of rest, I was persuaded to
try your embrocation, and have the pleasure to say that after
three applications I was restored to my usual health ; and, al-
though two years have passed, I have no return of the disorder.
—I am, Sir, gratefully yours. EDWARD NOYES.

Sold by Pendlebury, Russell-street; Titherington, Oxford-
street; 11ogarth, Great George-street; Fisher, 80ld-street;
Coupland, Parker-street; Gerrard, Oldhall-street ; Parkinson,
New Scotland-road; Neal, Ecztland-road ; Simpson, Scotland-
road, opposite St. Martin's Market; Mackow, Vauxhall-road;
Britten, corner of Dale-street and Haymarket; Smith, Great
Homer-street; Cox, Fox-streel ; Gfitard, Richmond-row; Low,
Islington ; Walker, London-road; Parry, Christian-street ;
Wagstaff, Great George• Place PriettleY, Lord-strut; Smith
Wollsitle. Price, Wavertreg

COMMERCIAL AND FINANCIAL SUMMARY.

No change of importance has taken place in the aspect
of commercial affairs here this week, and we are glad to
observe that the large failure, which we announced in our
last as having occurred in London, has not been followed
by any further casualties of a serious character. Little
doubt is entertained, however, that all classes of com-
mercial men must look forward to very difficult times
until Christmas is fairly turned; and especially this is the
case with the trading middle classes, upon whom the
pressure just now is very severe. In the manufacturing
districts an improved feeling exists, and in several of the
towns around Manchester the mills are slowly resuming
operation. It is known that the stocks of goods in
foreign markets, and in the hands of dealers at home, are
becoming very light ; and, with a probably early reduction
of the rate of discount by the banks, it is hoped that the
large orders, which have 'for some time been lying on
hand, may at length be executed at a profit. The Cam-
bria, we learn, brought very favourable accounts and
considerable orders for the American spring trade. That
country is reported as filled with prosperity, the result of
the large amount of British capital which her merchants
and manufacturers have been drawing from us during the
last twelve months ; and it is hoped that in a while we
shall see a portion of it returning to set to work our dis-
tressed artizans.
_ _ _

There is still ittle abatement in the pressure for money
in the metropolis or elsewhere, and interest still maintains
its high rate. There is, however, greater disposition to
invest both in produce, in the leading railway shares, and
other securities, for which something like fixed prices are
now obtainable.
Our cotton market was operated upon at the com-
mencement of the week by the favourable advices received
per Cambria of the prospects of the growing crop, and
prices at the close may be. noted Id. lower. The sales for
the week have been 22,430 bales, of which 3500 are far
export, and 1000 for speculation. The imports have been
very light.
The corn markets throughout the country have again
declined from is. to 2s. per quarter, with little business
doing.
Gold continues to arrive from all quarters. Exclusive
of the import of £400,000 by the Rob Roy steamer, we
have received during the past week not less than £250,000,
and we learn that a further sum of £200,000 is now on its
way, on account of a private capitalist, %pm St. Peters-
burgh, by land to Ostend. Its arrival expected.
These large remittances from St. Petersburgh are under-
stood to have a connection with further investments in
the public funds on the part of the St. Petersburgh Bank.
The failure of Messrs. Trueinan and Cook, the exten-
sive brokers in London, has caused great sensation. The
liabilities are set down at £300,000 to £350,000. That is
the amount of their actual acceptances ; but the full
amount of their liabilities, at least the amount for which
their names figure as parties to advance on produce, is
some two millions. As.to the ultimate result of what the
estate will produce, opinions are very various. By some,
who ought to know, it is confidently asserted that not
only will all parties be paid in full, but that a very large
surplus will remain to the partners ; whilst amongst others
the most sanguine expectations that are formed is that it
will pay 15s. in the pound. In the meantime, the new
firm continues the business without interruption; indeed,
it was of such a magnitude, that it. could not have been
entirely suspended without much inconvenience, and was,
at the same time, of such a nature, that it can easily be
transacted without interfering with existing obligations.
A fact has been recently communicated to us, which we
think worth mentioning here, as showing the tendency of
gold to flow into this country. During the last fortnight,
some rather considerable sums in English sovereigns, just
imported, have been brought to this town by buyers of
goods from different parts of the continent, and have been
lodged, to meet-their purchases, in the hands of bankers.
here.
There has been much variation in the market for public
securities since our last, but considering the failures that
have occurred, it is remarkable that prices should have
stood their ground so well. There has been a great
scarcity of money both in thg Stock Exchange and out of
doors, within the last day or two ; the discount business
transacted by the bill-brokers is almost entirely suspended,
and the Bank of England continues most stringent in its
operations. Some paper of short dates has been done by
the discount houses at the rate of 71 per cent, but with a
charge for,commission, &c. which brines the actual rate
up to abont'9 per cent. In no instance do the banks dis-
count under 8 per cent. and the great majority of them
run from %to 9 per cent. Within a few days some bills
have beentaken at the rate of 7 percent. on the condition
that the money will be returned when wanted, which is
literally following up the principle of keeping it at the op-
tion of the lender only till it is wanted, and which, irothe
very nature of things, precludes the possibility of reliance
being placed on its application to regular consecutive in-
dustry.
It is apprehended that several of the fallen houses whose
affairs, as arranged at the meetings of their creditors,-were
permitted to be wound up by themselves under inspec-
tion, will be compelled to go into the Gazette. There is
no power to compel creditors to agree to the arrangement ;
and there is scarcely a case in which preferences have not
been claimed by some of the creditors, under a threat, ei-
ther direct or implied, of striking a docket against them.
Nobody, indeed, that has ever had any experience of the
difficulty of obtaining the consent of any considerable body•
of creditors to a composition has expected any other result.
There was little fluctuation on Wednesday 'in the
English funds, and the closing prices of the preceding day
were maintained. Consols for money and account opened
at 841 to 4, advanced to 844- buyers, and then receded and
left off at their first quotation. Bank Stock closed 187 to
189; Reduced Three per Cents. 82 to ; Three-and-a-
Quarter per Cents. 844 to 4 ; Long Annuities, S 4 to ;
South --Sea Stock, 93 ; South Sea Old Annuities, 80; :
India-Stock, 230 to 233 ; India Bonds, 255. to los. dis. ;
and B-Achequer Bills, 2s. dis. to ls. premium.
The English funds opened on Thursday morning with
an appearance of firmness, but the market was net well
sustained, The first quotation of Consols, for money and
the account, was 841 to 4, whence, under the influence of
some large sales, they declined to 834. Before the close
of business, however, a slight reaction occurred, and the
last price was 831 to 84. For the opening, in January,
the range was from 844 to 841, and they left of 84k.
Bank Stock closed 187 to 189 ; Reduced Three per Cents.
824 to ; Three-and-a-Quarter per Cents., 84 to 4- ; India
Stock, 231 to 233 India Bonds, 30s. to 235. dis., and
Exchequer Bills, Is. dis. to ls. premium.
On Friday there was a sudden reaction, and prices at
the opening of business rapidly descended one per cent.,
and recovered almost as rapidly afterwards. The tenor
of the accounts from Switzerland was the cause of the
fall which, when accomplished, induced buyers to enter
the market to arrange outstanding bargains. At the close
of the day, Consols, after being as low as 834, left off
about fi4B, with a firm tendency. Bank Stock closed 187
to 189 ; and Exchequer Bills, 2 dis to par.
On Saturday consols were 841, 4, 4. The ,new three-
and-a-half per cents. are 844 to 841. Bank stock is at
188, and :India stock 234. Exchequer bills are at ls. to
3s. discount. The failure of Mr. John Williams, ajobber
of some note in the Stock Exchange, has had an effect
upon the market, as he was understood to have been spe-
culating recently for a fall, but still there is no marked
feature upon it.
consequently The Bank returns,:of note sin
published
the bainnkFinrgiddaey;
sarGtmazeentit,e,wshhiocwh
something of that increase in the stock of bullion, and
it has been -the object of the late measures to produce.
The amounts are thus given :
Gold coin and bullion 7,647,707
1 Silver bullion 1,200,668
Gold and ,silver coin

£9,258,520

Last week the total was £8,729,551. The increase,
therefore, is 4528,969 in the week. The stock of notes
is still more rapidly increasing. It stood,
Nov. 6.
Nov. 13.

Increase,

, . £767,625

The overland mail which reached London yesterday
(Monday), brings late news from China, India, and Egypt.
During the month of-September a fair business had been
done at Canton. About 122,000 bales of raw cotton had
been sold at rather better prices ; about 80,000 pieces of
longcloths disposed of ; grays from 42.20 to 82.65 ; white,
44'2.40 to ,82.50. The prices of yarn had declined, and the
stock was heavy. Exchange .on England was 4s. 3'd. to
4s. 4d. ; East India Company's Bills accepted, 214.
Freights, £5 to £4 155., with plenty of tonnage.
The following is the amount of export of tea from China
to Great Britain, from the Ist of July to the date of our
advices,—

Black 10,714,410
Green .. 904,160

11,698,570
About 4,000 bales of silk were estimated to be shipped
from Shanghae and Canton for England.
The latest dates received at Canton were—from Lon-
don, July 24 ; Calcutta, August 16; Bombay, August 12;
Singapore, September 7 ; and Manilla, the 17th.
Our dates from Shangbae are to the 12th September.
Long-cloths had declined, the stock being large. In
teas there were limited purchases—none fine. In silk a
brisk demand ; prices bad advanced about 12 per cent.
from the favourable reports of the June mail ; but fine
was not procurable ; for the best Tsatlee, g4lO to 8420
offered.; Taysaam, 280 to 290. Freights, £6 10s. to £7.
The Confucius and Francis Burn were ready for sea, and
the Achilles was to sail about the 28th September.
We have dates from Amoy to the 24th. Markets were
generally steady, with a fair supply of goods.
From Egypt we learn that the trade of Alexandria has
been quite paralyzed by the bad accounts received by the
last mails from Englabd and the numerous failures that
have occurred there. The merchants no longer knew
whom to trust. Prices of produce were quite nominal, as
the holders preferred waiting to submitting to a reduction.
In cotton nothing had been done, but there was no doubt
that prices would rule low. The exchanges were getting
up, and foreign coins, especially sovereigns, were in great
request.
The Markets at Bombay were much the same as in the
preceding- fortnight; in that for imports a little more
animation was exhibited, with a partial tendency to im-
provement in prices, whilst the export one is without
change. A good and rather general inquiry prevailed for
piece goods, and the sales were large, but pieces were
without change. A fair amount of business was done in
cotton yarn.
The briskness noticed on the 17th Sep. as animating the
Calcutta market, has been well sustained, owing chiefly
to the abundance of tonnage in the port, and the fall in
freights. In imports less was doing than usual at the
period of the year. Nevertheless a fair business bad been
done in some descriptions of British cotton goods and
woollens. Copper and spelter had been in good enquiry ;
the former at advanced prices. The money market con-
tinued easy, but latterly some indications of a diminished

supply had been evinced by a less disposition on the part
of the shroffs in the bazaar to do business at the rates
which have lately prevailed, and by declining to renew
loans forcing borrowers to resort to the banks, which
continue to find ample employment at their former rates.
Government Securities had declined a little in value,
owing to money being less free in the bazaar. Exchange
remained without any material alteration. A good amount
of bills changed bands at Is. 11d. to ls. 110. six months'
sight, and ls. 11 d. ten months' date, during the first
ten days after the departure of the mail, but during the
last week nothing has been done of any importance.
The abundance of tonnage in the port has caused freights
to give way, and the downward tendency formerly noticed
has been confirmed, transactions having taken place at
£6 to £6 15s. for saltpetre, sugar, and rice. There is not
much probability of any further decline for the present.
The crop of Indigo was estimated at 113,000 maunds. The
transactions in sugar had been extensive at full prices. The
native plantations at Benores give promise of an adundant
crop. The exports in September to Great Britain were
155,620 maunds. In Exchange, a considerable amount
of business was done at last quotations in bills on England
after the departure of the mail, but during the past and
present week, buyers have been holding back, and little
has since been transacted. The amount received by the
mail, per Precursor, in bills on the General Treasury is
stated to be £63,185. A good many operations have
taken place in bills on China. Our quotations are
ls. Hid. to ls. ii d. for 6 months' sight, and ls. 111 d.
to ls. 11 id. for 10 months date ; hills on England, and
on China 209 rs. to 214 per 100 dollars. In Freights, the
tendency was downwards. Tonnage was abundant. The
freights to Liverpool were from £6 to £6 15s.

LATEST FOREIGN AND COLONIAL.

FIVE DAYS LATER FROM AMERICA.

By the arrival of the Ocean Monarch, which sailed on the
sth inst. from Boston, we have New York papers to the 4th.
The news, however, are very meagre. In New York,
the " Empire State," the Whigs have possession of the
control of affairsi ; and in New Jersey, both the candidates
elected are Whigs. The arrival of the Caledonia was
hourly expected ; but she had not been telegraphed up to
the time of the Ocean Monarch sailing. The French
Steamer had just arrived.
The market generally was inactive, parties being indis-
posed to operate until the receipt of news from Europe
per Caledonia. The season was propitious for the keep-
ing open of the river and canal navigation ; and it was
anticipated that the receipts of produce from the interior
would be on an increasing scale.
The cotton market was dull, and in favour of the
buyers. The arrival of the Caledonia was anxiously
looked for as the test of this market.

In flour, Western Canal was steady in New York, at
.W 5.60 to $`6.62}. Corn was firm at 75 to 78 cents. 1500
bai7rels of Pennsylvania corn meal had been sold at 431.44
to 53.50 per barrel.
Ashes were scarce and in demand at 4N.621 to £8.75.
From Baltimore we have flour quoted at 6.121 to
.66.181 for Howard-street flour.

In Boston the market was less firm. A lot of Oswego,
Gennessee, and Western had been sold at 56.75 to S 7.
In Philadelphia flour ruled at 56.50 to S 6.621; sales
limited. Good Pennsylvania wheat was worth 140 cents.
In Exchange nothing was doing; and no variation had
taken place since the departure of the Cambria.
There was nothing new from the seat of War. An
express refusal of Martin Van Buren to stand again for
thePresidentship, on the ground that the war against that
country, with whatever shew of justice entered upon,
must now be prosecuted to a triumphant conclusion for
the honor of America, indicates sufficiently the feeling of
that section of the community which that gentleman
would represent.