The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1838-05-29 00:00:00

WOOLFIELD'S BAZAAR.

DERCEIVING that Paosioti still Advertises his
" stale, flat, and unillofitable" tale of woes and injuries'
inflicted upon him by me, I think I am called upon to enter
more fully into the statement of facts than I did in my
former Advertisement. Whether Mr. Promoli persists, like the
vender of Quack nostrums, to advertise upon the supposition,
(as the quacks calculate,) that, for every person in the world
possessing common sense, there are one thousand f0015..1 know
not;-but this I do know, that Mr. Promoli has no just cause of
complaint against me. I have no doubt that the Bazaar is as
heavy a weight to Mr. P. as the Globe is to Atlas; and, there-
fore, if the interesting and soliciting Advertisement will bring
support to the burden, it may be excusable; though, at the same
time, I think-it-would be mote amusing if he would ring the
changes upon his tale of sorrow. Au in nious beggar con-
tinually moves his position or alters his app ranee; and we have
known instances of men making foitu es in this way, simply
by imitation. Mr. Promoli will under tand how this applies,
and, I trust, he will be benefitted e hint, and not make a
picture of fun of himself. If my brier Thomas overcharged
his statements as to the great profits that lied and ,usight be real-
ized from this bazaar, 1 am sorry for it; but I must remark, that
I had nothing, either directly or indirectly, to do 'with th'e ne-
gociation betweeen them, and if Mr. P. has had a hard bargain
he ought not to vent his complaints on tne. 1 was in Liverpool
in business long before my brother came here, and was doing
well, when, at the earnest request of our late father, I took him
into partnership, and, as he was the elder, !Allowed his name
to stand first in the firm. We disagreed, and dissolved partner-
ship upon certain conditions, which my brother has not fulfilled,
but which I am now compelling him by law to do. Mr. Promoli
knew, at the time be was yegociating for the Bazaar, that a right
was reserved to me to establish myself in the same line of busi-
ness as Mr. P. now carries on, and in any part of this town.
Under these circumstances, I leave the public to judge whether
the complaint of Mr. Promoli, put out in such a sinister way
against me, is just, and whether complaint (if any) ought not
to have been made by J. C. WOOLFIELD,

Glasgow House, 30, Church-street.

COMMERCIAL INTELLIGENCE.

(From the Sunday Times.)

••
• CITY, SATURDAY.-It is satisfactory to state that the• indica-
tions of a return to activity in most branches of commerce are
becoming more general. The American, the East Indian, and
the West Indian trades, are, comparatively speaking brisk, as
compared with their previous state. Money for commercial
purposed continuer, however, very abundant. It can be bor-
rowed upon stock, or other approved securities at 2 to 2% per
cent., almost to any amount. It is anticipated tlf/tt there will
be ere long a brisk demand for specie for export to the Baltic
ports, to meet the cost of Foreign .Grain. The backward state
of the crops in this country, and the injury they have sustained
by the severe weather, rendering it improbable that anything
like an average harvest will be housed. According to the ac-
counts from the United States, the prospects of the farmer there
were not by any means favourable, and the stocks of foreign
grain were much reduced. A large exportation of wheat from
foreign, as well as from British ports, to America, may there-
foie be anticipated during the next four months. This will, in
some degree, tend to lessen the balance of trade, which is be-
coming rather extensive against this country. ,
The information brought by the Great Western steam ship
from New York to the Bth instant, is of much importance. The
Banks, or-at least many of them, bad commenced specie pay-
ments, both in New York and Boston, but it is said those of
Philadelphia, including the United States Bank, would not fol-
low the Same course. From the latest. returns which bad been
completed, it appears that the specie possessed in the aggregate,
by all the banks of the United States, was nearly as great as it was
six months before the-suspension took place; tnat not less than
6,000,000 dollars in gold had arrived between the Ist of January
and the Bth instant. The total reduction in the circulation of
the banks since the panic begun', is about 38tnillions of dollars,
and the whole amount of paper money afloat (viz. bank notes),
was estimated on the Ist instant at no more than 100,000,000
dollars, and the diminution in the deposits had been 46,000,000
dollars. It is not surprising under these circumstances that so
long a period has occurred without any marked improvement
in tnooey matte's in America. The total amount of specie in the
vaults of the United States' Bank on the Ist inst. was estimated
at between 38,000,000 and 40,000,000 of dollars. The Ameri-
' cans continue to press forward their produce with the utmost
activity, especially cotton. Front the last letters it appears that
the actual shipments of this article this season, has been 982,000
bales, exceeding the exports of 1837 by 200,0(X) hales, and those
at the corresponding period of 1836 by 320,000 bales. Of To-
bacco, Turpentine, and other articles, the quantities coning,
forward are also very considerable; under these circumstances
a very long period cannot now elapse before we have a brisk
export trade in manufactured goods to the United States..
prices of Stock hive fluctuated rather frequently this week.
The tendency of the prices has been downwards for the last few
,days, money having been in increased demand. Several con-
siderable amounts of Stock, as wed as of Exchequer Bills, have
been pressed upon the tparket by the speculators which have
reduced the value of Consuls Non 94i to 91R ; of the Three per
Cent Reduced, from 931 to 921; and of the New Three-and-a-
Half per Cents Reduced, from 1021 to 104 A material de-
cline has taken place in Exchequer Bills, in anticipation of ad-
ditional issues of this species of security ; yesterday sales were
made at 60 premium, being 10 lower than the price obtainable
on this day week. India Bonds are also cheaper, having fallen
from 78 to 62 premium. Bank and India Stocks have suffered
a depression of about ito per cent., but upon the lowest prices
a slight improvement took place yesterday, when the former
closed at 2044, and the latter at 2761.
The changes on the Foreign Stock Exchange this week have
been unimportant, excepting in Spanish, Portuguese, and Bra-
zilian Bonds. A fall in Spanish took place a day or two back
to 213 1, but yesterday 21i was obtained, as the news front the
northern portions of the kingdom was favourable to the consti-
tutional cause. It is still very doubtful what plan will be adopted
by the government of Spain to obtain the supplies she requires.
An opposition to M, Aguado's proposal for a new loan has been
started, which was under consideration at the date of the last
letters. The Five per Cent Portuguese Stock fell on the Thurs-
day to 341, and the Three per Cents to 241, but the market
closed better yesterday. These prices are about 2 per cent.,
under those obtained last week. Brazilian Stock has reached
811, the advices received last week of the possession of Bahia by
the Imperial troops having been confirmed. Very trifling altera-
tions have taken place in Russian, Danish, French, or the other
European Bonds. Mexican Stock has declined to 27, in conse-
quence of the advices of the blockade of the portsof that repub-
lic by the French fleet off that station.
The Share Market has been very dull this week for all se-
curities of this description. The Asphalte Shares have declined
considerably; the London and Birmingham Railway Shares,
after reaching 178, or 88 prem., have fallen to 174, or 84 prem.:
the Great Western Shares have advanced to 95, or 30 prem.;
and the North Midland to 411, or C 4 prem. Brighton Shares
have receded to 8L or
,} prem., only. 'The Shares of the Joint
Stock Banking Company command a better sale.
HALF-PAST TWELYE.—We have no advices of a late date
front-.the colonies or any pat tof the world, if we except the usual
continental mail.

There is but little doing at present in thet British Stock Mar-
ket. Consols. for Money and Account fetch 911.; Exchequer
Bills realize 60; and India Bonds. 68 prem Bank Stock' at
201/. . •
In Foreign Bonds the market is 'less active than it was yes-
terday. Spanish Consols realize 211; and Portuguese New
Bonds 34. Belgian Bonds are worth 1011, and Dutch 21 per
Cent 541.
In Shares but little business is doing, nor has any material
variation in prices occurred.