The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-02-22 00:00:00

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THE LIVERPOOL stANDAID.

GENERAL TRADE REPORT.

LIVERPOOL EXCHANGE, YESTERDAY

The budget of Lord John Russell has struck the corn-
h universal panic. Trade for the present
is utterly prostrated, and nothing was heard on 'Change
but expressions of surprise and indignation at
the

mercial world v

the audacity of t

day, as if by general consent, a requisition to the mayor
to call a public meeting was drawn up and left in the Ex-

change News-room for signature, which was eagerly and
numerously 'signed by persons of every shade of political

opinion, and of the highest respectability, between two
and three hundred firms having appended their names in

Et coup.

We subjoin a copy

fIR,—We, the undersigned, inhabitants of the borough of
rpool and its vicinity, respectfully request you will call a
is meeting to take into consideration the financial state-
: made to the House of Commons by the First Lord of the
sury, on the 18th instant, in order to petition the legisla-

In compliance with the requisition the Mayor has cor.

'hursday nest, al

twelve, in the

ouse, whi

I should be crowded

was a very dull day in tl
offered at lower pi

e SHARE MARKET,
ices—the cause was

to be French n

he market

has not undergone any change of moment ; not much

business has

London and Sort

although this is also a lower dividend, yet from very
satisfactory statements made by Mr. Glynn at the meeting,

len in price, and is much asked for in the

market. A special meeting of the Demerara company
has been held, since when an address has been issued to
the shareholders on the subject of calls in arrears. Great
expectations are entertained that this will be a paying
line even in the present distressed state of the West India
colonies. The Lancaster and Carlisle have made a divi-
share, and 4s. per third share. The Lon-

I of 203. p,

_
nade to " wind up" the Great Luxemburg Company—
ie shares are £7. paid, and the market price is only

about £l. It is said £3 or £4 could be divided. The
government of Belgium are about to return their deposit
. .

money to assist in comp

.ting a portion o 1

:ne in a

forward

1 will pay very well. A body
rs here and in London wish the remaining
ie line to be given up. The meeting of the
Saturday_ whpri. dividend of 7

and one w

lidland Co.

held o

y, was c

ki the immense

surplus of £45,000

Meetings of the following companies will take
Tuesday next :—Ambergate, &c., 25th ;

ana county Down, nth ; Birkenhead. Lancashire, and
Cheshire Junction, 26th ; Bolton, Blackburn, Clitheroe,
and West Yorkshire, 24th ; Brighton and Chichester,
28th ; Bristol and South 'Wales .Innetin. 95th raledo-

• " • • OJ ULI,I,IVII, GJLIi ,
man, 25th ; Cheltenham and Oxford, 26th ; Cork and
' Waterford. 25th ; Cornwall, 23rd ; Direct London and
Portsmouth, 25th ; Dublin and Belfast Junction, 23rd ;
Dublin, Dundrum, and Rathfarnham, 26th ; East Lin-
colnshire, 23rd ; Easter) Counties, 261 h ; East and West
India Docks and Birmingham Junction, 24th ; Fleetwood,
Preston. and West Riding Junction, 28th ; Great North-
ern, 24th ; Great Western and Uxbridge, 28th ; Great
Western and Wycombe, 28th ; Hartlepool Dock and
Railway, 24th ; Huddersfield and Manchester, 26th ;
Leeds and Thirsk. 26th ; London and Blackwall, 22nd;
Manchester and Southport, 28th; Shrewsbury and Ches-
ter, 22nd ; Shrewsbury and Hereford, 22nd ; Shrewsbury
and Birmingham, 24th ; South Wales, 23rd ; Tenby,
Samdersfoot, and South Wales, 23rd.
In the COLONIAL MARKETS, up to last evening. we
have to report a very dull trade. The demand for Sugar
continues very limited : grocers purchase cautiously, and
the refiners are not disposed to pay previous rates. The
sales for the last two or three days are trifling. Holders
are firm and do not show any anxiety to realise in the
present dull state of the market. Burn is also quiet, few
purchasers are to be met with, and to effect sales lower
prices will have to be taken. Molasses are more en-
quired after, and a fair business doing. Rice moves off
very slowly,-the article is not much wanted,-the stock
being large will prevent any advance taking place on the
present low quotations. There is still a fine demand for
all kinds of Coffee, which will most likely continue. The
Tea Market presents a very different appearance since
the Budget came out. The Market is very much
depressed, and common Congou may be quoted a
shade lower. For Greens there is a fair enquiry,
the good and fine qualities are much wanted.-
In London the markets, except as respects indigo, have
presented very little animation during the week, and
prices of many descriptions of produce have receded. The
indigo sales, at which great animation in the biddings has
been shown, terminated yesterday.
The tendency of the CorroN MARKET throughout
the whole of last week (for Friday always closes the
cotton week), was downwards, and we then quoted it kd
to Id for the highest point in low and middling qualities;
on Saturday, however, there was a slight re-action, par-
ticularly for low cotton, which was continued yesterday ; our
market has a firm though rather a subdued tone about it,
and buyers try in vain to knock it down. The extent of
import is now the barometer; last week it was very fair,
and on Sunday and yesterday we number three or four
cotton laden ships amongst the arrivals; these droppers
in keep us going very nicely, and tend to keep the
holders of " mad cotton" very civil.
The Scotch pig IRON MARKET IS firm, and prices may
be quoted 50s. 6d. to 51s. in Glasgow for 3-sths No. 1,
and 2-sths No.• 3, nett cash. Higher rates have in many
instances been obtained, and with a likelihood of being
maintained. Bars are now quoted in Wales at £7 ss.
The TIMBER TRADE has exhibited a firmer tone during
the past week at an advance of prices. A cargo of good
St. John Pine has been sold at 171 d. per foot, the aver-
age being 18 7-12 inches. A cargo of 18,895 St. Andrews
spruce deals of 2FI. per foot of two inches. By auction
about 18,000 feet of Quebec pine was sold at 13}d. per
foot, 2,500 feet at 131 d per foot, 17,116 feet at 124 d., and
2000 feet at 14}d. per foot, 2000 feet of red pine at 20d.
per foot, and 8,600 feet, at 191 d. per foot ; 22 logs Quebec
oak at 2s. per foot, 146 logs of Lower Port pine at 12d.
per foot, 200 logs birch at 12d. per foot, and 100 of larger
size at 171 d. per foot ; 19 birch planks at 3d. per foot of
two inches, 247 Quebec yellow pine deals at £lO. 12s. 6d.
per standard, and 2,530 at £9 10s. per standard. Some
hemlock deals at 10. to 1 11-16 d. per foot of two inches ;
St. Petersburg lathwood at £9los. per fathom of 8 feet
long, and Sweedish at £6 2s. 6d. per fathom of 6 feet.
Notwithstanding the discouraging accounts which con-
tinue to pour in of the almost universal depression of
the CORN trade, a slight reaction took place towards the
close of last week in the LIVERPOOL MARKET, and on
Friday, as will be seen from our report of that day's mar-
ket, in another column, the prices of Wheat, Flour, and
Indian Corn and Meal, took an advance. Since that date,
up to last evening, there has been a steady business doing.
We have to note an increasing export of Indian Corn and
Meal to Ireland. The accounts respecting the aspect of
the country continue favourable ; the autumn-sown
wheats have a very healthy appearance, and the spring
tillage is geing on encouragingly.
In the LIVERPOOL PROVISION TRADE we have to note
an improvement in the best qualities of new Irish and
American bacon. Prime hams in demand ; old and in-
ferior nearly unsaleaMe. There is little variation eitlu
in the value or demand of butter since our last ; full prices
are obtainable for fine qualities, which are rather scarce ;
middling sorts are little inquired for, and our quotations
for these kinds may be considered nearly nominal. The
arrivals from the 15th to the 21st instant, inclusive, were-
Butter, 5,113 firkins, 1,213 crocks ; bacon, 91 bales ;
hams, 67 hhds. ; lard, 3 tierces, 35 firkins, 192 kegs.-The
prices in Liverpool are-Butter : Waterford, 88s. to 945. ;
Kilkenny, Carlow, and Clonmel, 88s. to 925. ; Carrick,
86s. to 88s. ; Wexford, Carlow, 88s. to 89s. ; Belfast,
88s. to 925. ; Ballymoney and Coleraine, 86s. to 89s. ;
Banbridge, 84s. to 88s. ; Newry and Dundalk, 808. to 82s. ;
Dublin, Carlow, 84s. to 88s. ; Sligo, 80s. to 86s. ; London-
derry, 82s. to 865.-Bacon : Long Middles, free from
bone, new, 565. to 60s. ; Short Middles, do. do. 58s. to
605.; American, 40s. to 545.-Lard : Fine Keg, 60s. to

American, 58s. to 60s

The English Funds opened with much buoyancy on
Friday, owing to the prevailing certainty that there would
he no funding, coupled with the statement of the Chan-
cellor of the Exchequer as to the increase in the Bank
reserve ; considerations of the inevitable unpopularity of
the contemplated addition to the income-tax, however,
produced a considerable reaction. Foreign securities dull.
A more unanimous feeling of disapproval has perhaps
hardly ever been observable in the city than that which
was expressed on Saturday, in relation to the minis-
terial proposition of Friday evening. The English funds,
after opening heavily, experienced a rapid decline of a
half per cent., and although in some degree they subse-
quently recovered, they still left off a quarter per cent.
below the closing prices of Friday. The first quotation
of Consols was 891, whence they receded to 891, closing
at 891 to For the 13th of April the last price was
891. Bank Stock left off 200 to 202 ; Reduced Three
per Cents., 891 to I. Three-and-a-Quarter per Cents.;
Kt to I; India Stock, 242 to 245 ; India Bonds, 6s. to
10s. premium ; and Exchequer-bills (March), 235. to 26. ;

(June), 245. to 28s. pm. According 'to some calculations
made on Saturday, it appears that the income tax, as it
applies to the holders of Long Annuities which have now
only 12 years to run, will amount to an annual charge of
15 per cent. per annum.
In the Foreign market the sole transactions of the day
were—Brazilian, Small, at 86; Granada, at 201; Spanish

,nts., at 901; Dutch Two---and-a-lialf per Cents., at
; and the Four per Cent. Certificates at 85.
The payment of a third dividend of ss. in the pound by
essrs. Scholes, the bankers, of Manchester, has been

consider themselves fortunate if £120,000 of available
assets can be recovered from the wreck ; the Union Bank
has refused payment of all considerable sums; but it has
not publicly avowed a stoppage. The produce-market
was stationary, and the tendency of prices was downwards.
The import trade was dull, though latterly there had been
a renewal of inquiry. Exchange had slightly advanced,
the market having been fairly supplied with document
bills. The last quotations are-6 m. s. with documents,
ls. 11d. to Is. Ild. 114-d. per rupee. In other descriptions
of paper little business has been done. Freights rose ss.
to 10s. per ton for dead weight shortly after the last
advices. At the enhanced rates business was done for
London, but to Liverpool could not be maintained.
The last quotations are £6 ss. to £6 10s. to London, and
£5 15s. to Liverpool, for sugar.
At Bombay there was a general dulness in trade. For
cotton goods the demand was limited, and the amount of
business done was small. The Bombay cotton market
was in an exressivpin dull afftto Thn rn.fn of frpiallf tn

ritain had declined to £3 ss. per ton, at which
several engagements had been made, with a trifling one or
two at £3 7s. 6d., and which was the last range of rates,
and with a good supply of tonnage. To China engage-
ments were done at 14r. to 141 r. per candy, the latter
being the last quotation. The rate of exchange on Lon-
don has advanced, bank paper being is. 10d., Barings'
credits ls. 101-d. at 1, and local paper with shipping do-
cuments Is. 104 d. at ls. IO d. per rupee, six months'
sight, in all which transactions had been done. Three
months' sight bank paper was still is. 911., and thirty days'
is. Rd. per rupee. On Calcutta the rate is 994 r., thirty
days' sight ; and China 210 r. per $lOO, sixty days' sight.
Mauritius advices extend to Nov. 25, when the news of
the home failures had not transpired, although one firm
in the island were understood to be in possession of im-

Lars per

Trade at Hong-Kong had been materially affected by
the excitement during the month. The quotations for
most of the staple articles of import were considerably
under last month's rates. The sales of raw cotton did not
exceed 10,000 bales, and prices had seriously declined.
The total export of tea from China to Great Britain, from
the Ist July to 30th December, is—black, 28‘,573,4101b5. ;
gree. 2,287,9201b5. ; total, 30,861,3301b5. The total ex-
port of silk during the same period was 14,819 bales.
Exchange on England, 4s. 41d for first class bills, others
4s. 41d. to 4. sd. A few transactions in Company's bills

on Bengal, and rat
to London £4 10s
21st instant. Tral

cloths 10c. b

:es as high as 218 for accepted. Freights
. From Shanghae our dates are to the

LATEST INTELLIGENCE.

(BY EXPRES

LONDON CORN MARKET.—YESTERDAY.
At this day's market there was only a limited supply of
English Wheat, which met a steady sale at flip nf

r extent of business was transacted at

in wincn a
about former rates.
We have no change to report in barrel Flour. There is les
pressure of Indian Corn, and sellers display greater firmness
and but few floating. en 1.0.111.12 nnsv nfrarin r• oat.

hnal theiY n
The sveti HIM 1.111C11116 'or male.
buyers turn
narilney theirwas favour.rather beyond the demand, and
We have again a large' arrival of E nelish Oats. and a alnw_

dragging trade, although all descriptions are freely offered at a
further reduction of fully is. per qr.
Malt, Beans, and Peas a slow sale, and Is. per qr. under last
week,.

SMITHFIELD CATTLE MARKET.—YESTERDAY.
reign stock were plentiful, but prices were
_well supported.

:ive at an ai

vapee.of 2d. per 81.1;

Calves moved off steadily at full prices
The Pork trade was far prom active.

MONEY MARKET

YESTERD.

The market fo,

. y .anute 1.111
morning, and but a small amount of businessc
has.t beeniv
trans-
acted. Consols have been alternately buyers and sellers at 89#
for the account, but beyond that slight oscillation no change
can be noticed in the simularunria of -a--

ia iae appearance or tne market. Reduced
Three per Cents: have been done atl39/ 1; and the Three-and-a
Quarter per Cents. at 901 Bank Stock has been sold at 201
199. and India at 2421 4. The advertised Exchequer Bills are
quoted at 24, the June bills 29. and India Bonds at 7,1).112.