The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-06-06 00:00:00

the richer estates remaining in cultivation will have the
several advantages of a larger command of labour, of
lower wages, of a lessened entire cost of production, and,
if such exists, of a higher price. That a share of the
advantages of a higher price in this market by the foreign
producer is a consequence inseparable from the policy of
reduced protection, estscalished by the changes in
sugar duties by the acts of 1844, 1845, and 1846.
9. That the greatest necessity exists for an imr
application of relief.
10. That from the evidence taken by 11-
appears clear that the present mode -
on sugar imposes a great pm_ -
many of the producers in the British colonie..
11. That whereas considerable time must elapse
any measures proposed for securing an ample supply of
labour, or laws to be enacted against vagrancy and squat-
ting, can be carried into effect, and the success of those
measures will depend mainly upon the co-operation and
assistance of the resident planters and agents, and the
state of distress to which the planters are now reduced is
such as to preclude the possibility of any outlay on their
parts for the reception, still more for the payment or
maintenance, however short the contracts. of any immi-
grants placed by the government within their reach ; and
whereas they are unable at present to bear any portion of
the expense of enforcing laws for the suppression of va-
grancy, and the removal of persons from lands of which
they may have illegally taken possession, but, on the con-
trary, they have in many instances, in order to prevent
further loss, already determined upon abandoning their
own properties. To meet these difficulties, your com-
mittee recommend a differential duty of 10s. in favour of
sugar the produce of British possessions for a period of
six years ; being of opinion that this temporary encourage.
ment would have the effect of preventing the immediat
and otherwise inevitable abandonment of the mak--
the estates, and secure time for bringing
the intended measures of relief

e commit

f levying tl
ivrlnto

lical

,ge upon

12. That your committee are of opinion that in any
system of immigration which may be adopted
must be taken by her Majest3
any renewal of African slave de

nment to p
May 29, 184

THE COTTON TRADE

The following able resume of the
market since the French Revolution,'

and future prospects, we extract fron
Littledale's circular of the 3rd instant

;e of the Cotton

T. and 11

,s more than

" The article of Cotton, and the position of all hrar
of this important trade, have suffl-red perha
any other, from the extraordinary political events, com-
mencing with the French Revolution in February last,
and the consequent disorganization of commercial rela•
tions in all parts of the Continent. The exports of 1'
ton from the United States to France, and the mar'
the North of Europe, have since that period been all but
suspended, and credits and exchanges
pletely disorganized—so sudden a die(
course of business in the height of the
hi.s been much felt in the United States, ant..
hension of what might be the position of this
under the circumstances caused a cr panic,
great fall in prices of the staple in -nerican m,
kets. On a full re-assurance of the soundu •of our in-
stitutions, and the credit of this country
of Cotton have continned so be

the execution of orders
ment, or as remittance:

k to the

plete p

mntry

pments

forward, eithi

the lowest limits, on consign-

from the

`• The prediction of a small crop in the S
effect of an unusually late spring, seems to have failed
the picking season has been interrupted, and th( -
appears now to promise 2,250,000 to 2,300,000,
little more than 2,200,000 may reach the ports
present prospects for the
reported of

" Our home trade has continued steady. and
improving ; and the accounts from Ird
been, on the whole, more satisfacta
want of the usual demand for var

eel the

s for the cont
)wer than at

which, as well as goods, are now 1
former period. At the corresponding prices of
material (also as low as at any previous time_
do not seem to fear some accumulation of stock
to this date our consumption of cotton, which h
creased this year 4,658 bales per week, being of Am
19,000 againstl4,B9o; total, 24,264 against 19,730 lasi
which is satisfactory. The market, which was lc
more steady in the early par of May, has gradual
come more and more heavy, at declining prices. TI
port demand, which sustained the better qualities
now nearly ceased, and the wealthy spinners and
talists, low as prices are, do not at present shew an
position to interfere. The sales in the last five

amount to 151,130 bales, for ex
6100—leaving for the trade 132

" The import has been very

294,948 bales, of whiel
States, and there are st

The stock

American i

200 this time 1
gainst 499,800 bales.
" Of East India Cotton

pect before the autumn

and prices are almost r
bales have been sold in
5600 bales, and the st

81,000 bales

le following is ti

rican ports to last dates

spect