The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-05-24 00:00:00

THE LIVERPOOL STANDARD, TUESDAY, MAY 24, 1853.

COMMERCIAL AND MONETARY NE l 3 S.

MONDAY NIGHT.
, .
THE decrease in the stock of bullion in the Bank
of England, as shown by the returns, is not nearly
so great as for several preceding weeks, owing to a
cessation of the demand for export to Australia.
Money has also been easier for discount, and the
Funds have, in consequence, experienced a slight
improvement, with some slight fluctuations arising
from the uncertainty of the news from Turkey.
This buoyancy in the Money Market does not ap-
pear, however, to have operated favourably on the
CHANCELLOR OF THE EXCHEQUER'S scheme for
the conversion of a portion of the National Debt,
upon the failure of which we have commented in
another article. There have been some further arri-
vals of gold from Australia, and receipts from this
quarter we may now expect to be more frequent, so
there is no immediate prospect of any interference
with the present facilities for commercial discounts,
more particularly as speculation, except in some
extreme cases, does not appear to have been pushed
beyond extreme bounds, and prices generally are
not beyond the reach of ordinary consumption.
The week being ordinarily devoted in the manu-
facturing districts to the celebration of the Whitsun
holidays, trade has been comparatively neglected,
and our remarks must necessarily be brief. In
Manchester the manufacturers appear to have
opened their eyes to the folly of the course they
were pursuing in waiting for the Liverpool holders
of cotton to give way ; and as the subsequent
accounts tend to strengthen the belief that there will
be little or no excess of supply, the market for yarns
and fully manufactured goods has assumed a firmer
tone. In the woollen districts the holiday season
has operated to produce a lull in the amount of
business done • but the recent advance in prices is
fully maintained. There are the same complaints of
the high price of the raw material affecting the
profits of the manufacturers ; but there is no imme-
diate prospect of any reduction. The recent fine
weather has tended to lower the price of bread-
stuffs, so that the prospects of the operative classes
are fully as favourable as at any previous time ; and
nothing but the insane attempts at strikes which
are now talked of seem likely to interfere with the
general welfare.
The return from the Bank of England, for the
week ending the 14th of May, gives the following
results, when compared with the previous week :
Public deposits .. £5,095,691; Increase £830,222
Other deposits .. .. 12,011,402; Decrease 190,212
Rest .. 3,151,746 ; Increase 4,937

On the other side of the account—
Government securities £13,124,653 ; Decrease £96,729
Other securities .. 14,014,176 ; Increase 406,010
Notes unemployed .. 8,428,220 ; Increase 153,b25
The amount of notes in circulation is £23,162,805,
being a decrease of £307,040 ; and the stock of
bullion in both departments is £18,219,071, show-
ing a decrease of 6,204, when compared with
the preceding return.

ISSUE DEPARTMENT.
i
Notes issued .. £31,591,025 Govrnt. Debt.. £11,015,100
Other securities 2,984,900
Gold coin& bu1n.17,571,871
I Silver bullion .. 19,154

£31,591,025