The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-12-21 00:00:00

FINANCIAL AND COMMERCIAL SUMMARY

The confident assurances which have been hazarded
during the past month that the commercial difficulties of
the country were surmounted, have as yet received but
slight confirmation from actual fact and experience. It is
true that money is to be procured at easier rates ; the
hoarding which was remarked during the existence of the
panic has in a great measure ceased ; the large mercantile
firms have gone through their course of purgation,
those of them who have stood having had to submit,
in order to extricate themselves, to sacrifices of capi-
tal to an enormous amount. But it is apparent that
further sacrifices must he submitted to enable im-
porters and holders of every description of produce
to realize, in the face of a limited consumption, and
a disinclination on the part of the trading classes to
add to their stocks. The colonial markets during the
week have been very dull ; and in every case, where sales
have been pressed, and a great anxiety to realise has been
manifested, low prices have had to be taken. The public
sales of the Mauritius and Bengal sugar this week in
London have been very heavy ; and transactions have
been noted in Penang at extremely depressed rates : ordi-
nary quality, or low damp, having been sold at the al-
most runious price of Bs. per cwt. in bond. Large quan-
tities of coffee have been brought forward, of which only
about two thirds have been sold at a decline of is. per lb.
With respect to cotton, we are assured that for some
weeks' past the sales made at this port have been, on the
average, at a loss of £50,000 per week to the holders.
The disposition to press sales above noticed, and the
feeling of anxiety existing amongst a portion of our mer-
cantile classes, may in part, perhaps, be accounted for by
the fears prevailing as to the next advises from India, in
reply to the mails which carried out accounts of the com-
mercial disasters at home. We may expect. in a few days,
to have this important question in part solved, as the mail
will be due on the 22d (to-morrow), and, on its result will
probably depend the occurrence of more suspensions in
this branch of commerce, or a considerable revival of
confidence. The following information, as to the extent
to which the state of affairs at home would. be known at
the departure of the coming mail, in India, derived from
a correspondent of the Morning Chronicle, may interest
our readers :

"The mails from hence, of 24th September and 7th
October, had reached Bombay prior to the despatch of
the Moozuffer with the extra mail of 12th November;
but the mail of 24th September, from hence for Calcutta,
left Aden on 17th October, and would arrive at Calcutta
about the 4th or sth November, three or four days before
the despatch of the return mail, which we may expect

here about the 22d inst. The mail of 7th October, from
hence, arrived in Bombay on 9th November, and would
reach Calcutta about the 18th ; the mail of 24th Septem-
ber took out accounts of the failure of Reid, Irving, and
Co., Gower, Nephews, and Co., and Geminell Brothers;
and that of the 7th etober announced the failures of

Cockerell, Larpent, and Co., Lyall, Brothers, and Co.,
Samuel Phillips and Co., Perkins, Schlusser and Muliens,
and Fry, Griffiths, and Co."
It is stated, however, that although the fai
Cockerell and Co. was not announced until the day after
the sailing of the mail of the 24th September, the fact
was telegraphed to Marseilles in time to reach her there,
and would consequently be known in India when the
mail due tomorrow left Calcutta.

Although we have no fresh failures of large amount to

notice this week, we have sufficient evidence in the
Gazette to warrant the correctness of an opinion ex-
pressed by us a few weeks ago, that the effects of the
recent pressure upon the large houses and the banking
interest, throughout the country, had yet to be fully felt
by the minor, mercantile houses and the trading classes.
It is to be hoped that, in such a crisis, every possible
forbearance will be exercised towards the trading classes,
and that no sudden limitation of credit, which can only
tend to bring on a general crash amongst them, will be
resorted to. The wealthy will do well to act with greater
consideration than usual when their various Christmas
bills are presented. A little- promptitude in payment

amity from

The commercial advices received from America, per the
Acadia, are, on the whole, of an encouraging character.
The distrust with which bills on England were still re-
garded had been, by forcing up the exchanges for paper
of an undoubted character, directing towards this country
specie as the cheapest remittance. The certainty, how-
ever, that by this time, more favourable accounts have
been received, warrant us in expecting a speedy com-
mencement of shipments of cotton. breadstuffs, and other
produce, as remittances, of which large stocks are held
back at the ports; and the more so, as money in the
United States was becoming extremely scarce. The cold
weather had at length set in ; but the cotton crop, which
is estimated to produce at the lowest 2,250,000 bales, was
considered safe.

In our own cotton market we have had a quiet week.
The business done in the early part was at lower rates.
Prices, however, stiffened a little after the arrival of the
Acadia. The sales were 21,600 bales, of which 500 bales
American, and 250 Surat and Madras were for export.
. .

A still further slight improvement is noticed in the
manufacturing districts ; but although by some parties a
good spring trade is anticipated, caution is the order of
the day.

The corn markets throughout the country are firm, and
in some places an advance has been obtained.
The return from the Bank of England for the week
ending the 11th of Dec. gives the following results when
compared with the previous week:—
Public deposits
Other depuitm
Rest 3,601,390 Increase, 14,386
On the other sic

e of the account :
Government securities,Xlo,946.s94 ; the same as before.
Other securities 17,630,931 Decrease, £439,478
Notes unemployed 6,448,780 Increase, 865,760
The amount of notes in circulation is £18,320,905, being
a decrease of £462,160 ; and the stock of bullion in both

£393,577, as compared with the preceding return.
The receipts of specie from the continent during the
week exceed £50,000. The Acadia brought £BO,OOO, on.
Thursday, from America, and the packet-ships are bring.
ing daily large amounts.
The Bank Directors have made no alteration in their
terms for the discount of paper.. The Lombard-street
firms are doing business at a fraction under 6 per cent.,
and the supply of money in the market leads most per-
sons to believe that there is every probability of its shortly
becoming easier.
The market for English Securities has not varied in any
great degree this week, and prices up to Friday showed
much steadiness. There was then a little flatness in Con-
sols and Reduced, occasioned by sales partly speculative
and partly otherwise, so that at the close of business,
quotations stood nearly one quarter per cent. worse than
they opened. Exchequer Bills have gradually improved
lately, and on Friday were quoted at the better price of
10s. pm. Consols closed on Friday at 85 to for the
January account ; Three per Cents., 841 to t ; new Three-
and-a-Quarter per Cents., 861, to 1.
On Saturday Consols were quoted at from 84-1 to 85,
and closed at those prices.

POPERY

AND SUPERSTITION STILL ALLIED,

We gave in our last an extract from the Berne corre-
spondent of the Times, shewing that in the Swiss quarrel
one of the strongest weapons used by the priesthood in
in the church's cause. Amongst
an
letter, that amulets were being sold
epsuprepc asle
oi vfi nraising
t emc toinoeny, v
iotuwc ha
the Romish cantons,to urge their flocks to resistance,
the
oi,
wn each, which were represented as
wassoasttafheteaedabrdntopoiurntal assurancetaecwlefshs.a:om-f
foughtcooerrs

efficacious to turn aside bullets from the person of the
wearer. The purchasers were also presented, along with
. .

the medal, with a card bearing a Latin inscription, which
is, in English, as follows :—" Oh Mary ! conceived with-
out sin—pray for us who have recourse to you. Any one
carrying a miraculous medal, who recites with pity the
above invocation, becomes placed under the immediate
protection of the mother of God. This is a promise made
by the mother of God herself." (!)

The reader will scarcely be prepared to learn that we
are so sunk in superstition in this couatry that the same
blasphemous amulet can find circulation amongst us.
Yet we have one before us at this moment, found lately
in an empty house in Birkenhead. One side has a figure
of the Virgin, with the inscription round the edge, " Oh!
Mary, Mother of God, pray for us who have recourse to
you." On the reverse is the cross, with an M. and two
hearts. There is a hole at one end for the string or rib-
bon, by which it is intended to be worn round the neck.
The date of the medal is not in the dark ages, but no
further back than the year 1830. Of course, this useless
bit of brass has been worn as a charm against evil or harm
of some sort.

ROBBERY IN. HOOD•STREET.—On Sunday afternoon'
while a man named Lister was walking down Hood-street,
with a companion, two youths, James Carleton and Fre-
derick Parry, went up to him, and while one of them put
his hand against his mouth, the other rifled his pockets of
seven shillings and three sixpences.
BASE COIN.—A woman, named Ann Hughes, was yes-
terday brought before Mr. Rushton on a charge of having
in her possession a quantity of base shillings, twenty-nine
of which were found near the fireplace in the house she
inhabited. She was remanded.
Mr. Reynoldson delivers the last lecture of his course
on mesmeric science applied to the cure of disease, to-
night, at the Concert- Hall. In the two lectures already
given he has presented some startling propositions, and
maintains them with an energy that leaves no doubt of
his sincerity on the minds of his hearers.

STREET ROBBERY.—At the police-court, yesterday, a
young man named Dogharty, was charged with picking a
man's pocket. Late on Saturday night, complainant was
passing along Vauxhall-road, when prisoner thrust him
into an entry, and began to rifle his pockets, taking from
him 54d. in copper. He had been sentenced to three.
and bible,
—.—Yesterday (Monday),
GRATIFYING TESTIMONIAL.
for trial.
imprisonment in March last, and was committed
the inmates of tie Workhouse, Brownlow-hill, presented
their chaplain (the Rev. Wm. Banister, who leaves at
prayer-book,kenofbound in one volume,
braving
aleervni
iegnstgho of
the
sorrow
timerrd"glieal.d
respect, for his un-
wearied zeal, and self-denying labours amongst them."
Christmas), with a b“eaasutaiftunl
In addition to this, they, presented him with an address,
signed by almost all the inmates, "sincerely offering their
best thanks for his very kind attention, and laborious ser-
vices among them. The address alludes also to the
beenwitnessedw
conductingi bthy
the Mr.mh ;
himself
dailyas
en l-f
living among the worst cases of fever, and, like a Chris-
tiannheartvr
a, wrioo fro:
both as a Christian and a gentleman, never allowing the
dignity of his office to prevent his condescending kindly
and affectionately to, converse with them and answer
every inquiry."

Dec %I, 147.

THE MASTER, COOPERS AND THE DOCK
COMMITTEE.
The master coopers of this town have presented the fol•
lowing memorial to the worshipful the mayor, aldermen,
and councillors of the borough of Liverpool,
in council
assembled : _

"Tiiaijour petitioners—who occupy, generally, large
and centrally-situated premises, contending with an ex-
isting and legitimate competition—h ve lately been much
injured by a committee of your body having obtained
powers, by which the coopering required for the cargoes of
vessels discharging in the Albert Dock is conducted under
their own superintendence, and is not placed, by contract
or otherwise, within the reach of the tradesmen of the
town.

" That your petitioners would not object to a fair com-
petition ; but whilst the Dock Committee ( who now be-
come-their opponents) are paying neither rates nor taxa!,
and commanding, by act of parliament, a large share M
the business, they are labouring not only under rents from
which the dock trustees are free, but also under heavy
taxes from which you must be aware this borough is now
suffering.

" That with these few facts, your petitioners pray you
will appoint a committee to inquire into the effect on the
trade—which ought to he a leading one in a commer-
cial community—and to hear a deputation from their
body prior to your sanctioning a clause in an act for
dock warehouse extension, by which they will be de-
prived in any way of an honest existence from that bu-
siness to which they have devoted a servitude of maul
years.

" And your petitioners will ever pray."
We understand that another meeting of the master
coopers was held yesterday, at which those present ap-
peared determined to further, by every means in their
power, the object of their memorial. We cannot but
think that the Dock Committee would act wisely, in re:
specting, as far as possible, the interests of so import.
a class of the community.

LATEST INTELLIGENCE.
(BY EXPRESS.)

LONDON CORN MARKET.—YESTERDAY.
The millers bought more freely of English Wheat, and X
clearance was effected at an improvement of Is. to 2s. a qr. on
the currency of this day week. A similar advance was gener-
ally demanded on Foreign, which checked business, though
buyers displayed more disposition to buy, and were willing tO
give the full rates of last Monday.
Barrel Flour 6d. to is. dearer_
The improved reports of the Irish markets for Indian Corn
have induced importers to demand an advance of Is. to 2s.

Of several orders. -
We had to-day the largest show of Barley this season, and
the late advance was not maintained; buyers had the turn in
their favour, but some quantity remained unsold.
Malt was dull, but not offered lower.
The principal supply of Oats continue to arrive from the neat
_

and

pressed off c

luickly to save landing

,
charges, at our previous currency, checking the least improve
ment in Irish or Scotch, which were only in limited request
at former prices.

THE COLLISION BETWEEN THE STEAMERS TYNWALD
AND THE PARSBOROUGH.—We are requested by Captain
Quayle, of the steamer Tynwald, to contradict the state-
ment erroneously made in the Mercury of Friday, that
his vessel ran into the Parsborough and occasioned
Quay 4

_se damage to that vessel. The fact, Captain
states, was quite the contrary. The Parsborough ran
across the bows of the Tynwald, which vessel at the
time bad sternway upon her. The Captain and cro
of the Parsborough then deseited her, with the exception
of a boy ; and Captain Quayle immediately on their
coming on board his vessel, lowered a boat and sent thee)

back again. _
Dr. M`Hale has addressed a letter to Lord John Russell'
defending the Roman Catholic clergy from the charg°
brought against them by both Houses of Parliament. A
paragraph appears in one of the American loWeop
headed " Arrest of Prime, Ward, and Co." It aPP,e„a,•
a process has been issued against the firm, and they uu"

been brought before the court under a warrant.
A man named St, John, a small farmer was murdered
on Saturday week, near Lisnamroch, south TipperarY:
His murderers entered his house at night, dragged
wife out of bed, and then seizing on S . John, ripped Di'
body open and cut his head off. They proceeded to even
more brutal atrocity than this, but we forbear to print it.
THREATENING LETTERS.—On Sunday morning, three
threatening letters were left at the hall door of Bishops'
court, Leinster, the residence of the Earl and Countess
of Clonmel one addressed to his lordsh, one
Lady Clonmel, and one to the steward. These letteTo
were left on the steps of the hall door, with a stone lard
on them to secure them.
GRATIFYING DISTI NCTlON.—OnTuesday the directors
of the East India Company visited their college at HaileY."
bury, for the purpose of receiving the report of the pri
pal (the Rev. Henry Melvill) on the progress of the term,
and of distributing to the most successful students the
prizes. The directors repaired to the council-room, where
they received the Principal's report, and afterwards pro-
ceeded to the examination-hall, in which the students and
professors were already assembled. The chair was taken
by Mr. Henry St. George Tucker, Chairman of the. Court
of Directors, having on his right the Duke of Cambridge,
and on his left Major-General Sir George Pollock, G.C.13.
The directors present were—Sir J. W. Hogg. Bart, M.P.,
Mr. John Cotton, Major-General Galloway,C.B., Mr. B.
M•Naghten, Mr. J. C. Whiteman, Mr. W. J. Eastwieko
Sir Henry Willick, K.L.S., Major James Oliphant, Mr.
W. H. C. Plowden, M.P., and Lieutenant-Colonel W. H.
Sykes- I. the report. we fled that the hOthostoatne
oa
the list is that of Mr. Forsyth, whose family has been long

from that document that Mr_ Forayth is about to depart
for Bengal, and held, on leaving the college, the first
place in the first class. The report mentions him as "highly'
distinguished, and entitled to the medal in classics, law, San-
scrit, Persian, Hindustanee, and prize in Hindee."
Mr. Forsyth presenting himself to read his Oriental transla-
tions, he met with a generous appreciation of his rare
acquirements in the languages of the East from his fellow-
students, in repeated rounds of applause. Mr. Forsyth
read a translation of the character of Aurungzebe, from
Dow's History of Hindustan, into Hindustanee, by him,-
self. Mr. Forth then read a translation, :by himsent
into Persian, ofsy the description of the Toorkoman tribes
of Khorasan, from Baillie's Travels in Khorasan. Mr'
Forsyth next read a translation, also by
himself,intot
Sanscrit verse, of the description of Satan, from the firs
book of Milton's Paradise Lost. The Chairman then
delivered the various medals and prizes to the suc-
cessful competitors. In handing to Mr. Forsyth his Lvl
medals, witk the prize in Hindee, the Chairman said"
" I congratulate you, Mr. Forsyth, on your splendid suc-
cess." (Received with loud cheers.) The Chairmanafterwards delivered a long address to the students!
which is reported in the Times, from which we extrat
these particulars. The Duke of Cambridge also addressedthem at the dinner, which took place afterwards, and ad-
verted " to the extraordinary success of Mr. Forsyth, and
expressed a hope that he would live to obtain one day
seat at that end of the table."
The performances at the Adelphi are as attractive
ever. A splendid pantomime is in preparation.
Mr. Johnson has imported some beautiful Scotch geese,
which he sells by weight.
Now that winter is here, ladies should be prepared with
the warmest furs, and where can they be procured better
than at Mr. Ireland's ?

LIVERPOOL HAY AND POTATOE MARKET.
DECEMBER 18, 1847.
s. d. s. d. I s. d. S. I

O 73-@ 0 9 Potatoes, p !
O 7 0 8 Kemps
O 6 0 7 Pink Eyes

4 8 -
4 9-

0 0 I Cups
0 3 _ Cattle

4 6 -
0 0-

0 2k— 0 0 (Turnips, i% ton .17 0 18 u,
27 0 —3O 0 Manure 4 6 6 u