The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1851-07-08 00:00:00

MR. DUNCAN'S LECTURES ON CURRENCY'
PROTECTION, AND FREE TRADE.

Yesterday evening Mr. Duncan lectured to an open-air
meeting on Messrs. Parry's Green, Seacembe, upon the
question In what way Protection could best be extended
to British Industry. Owing to the lateness of the hour
at which the lecture closed, we regret that we cannot give
even an outline, sufficient to convey to our readers the
course of argument adopted by him ; but we may state
that he was received throughout with attention and fre-
quent applause by a numerous and highly-intelligent
auditory. Several points in his discourse seemed to tell
most forcibly on the farmers, who were present in great
force from the neighbourhood of Wallasey, Poulton, &c.
Amongst these was his exposition of the system of high-
farming, which he showed to be utterly beyond the reach of
men of ordinary capital, and to be only likely to be adopted
by such gentlemen as Mr. Littledale, whose beautifully-cul-
tivated farm in their own neighbourhood he bad seen and
admired, although he would much rather have seen the re-
sults of the system pursued tested through the mercantile
medium of a balance-sheet. Mr. Duncan also explained
the principle upon which Mr. Mechi, of Leadenhall- street,
London, was led to become a model farmer at TiptrFe-
hall, viz., to puff off his cutlery-wares without 7sorting
to the ordinary medium of newspaper advertising, by
gaining a notoriety as a spirited specimen of the bucolical
class. Mr. Littledale, however, he explained, could have
no such motive, but he had no doubt farmed in part from
his own pleasure in such pursuits, and partly from the
patriotic motive of testing, as only men of capital can
afford to do, the results of the high farming system.
After showing that a reform of our present monetary
system must be a leading feature in any practicable mea-
sure of protection to native industry, and briefly but
forcibly expressing his views upon the subject of the
navigation laws, Mr. Duncan closed a highly satisfactory
lecture amidst great applause.
On Friday evening next, Mr. Duncan will deliver a
lecture at the Music-hall, 80ld-street, Mr. Samuel
Holme in the chair, in the course of which he will lay
down a policy to be uursued by whatever government may
assume office upon the principle of Protection, and address
a few words of advice to the electors of Liverpool and
South Lancashire upon the choice of members to repre-
sent them in the ensuing parliament. We most strongly
urge the attendance of the electors of Liverpool at this
meeting, which will be held under the patronage of the
committee of the Constitutional Association, r.n influential
portion of whom will be present on the

e occasion

COMMERCIAL AND MONETARY

NEWS

Monday Night,

Our share market continues in a very inactive state.
Prices have, since our last, materially declined ; but this
has not arisen from any pressure of stock, but from a
gradual dwindling in the absence of buyers. The week
closes to•day, however, with a greater disposition to buy,
and there is an impression that prices have reached their
lowest. Midlands, York and North Midlands, and
TY?

Westerns are at prices thilt must make them a sound
investment, and this the public rill soon discover. We
annex the prices of this day's market :—Birkenhead,
Lancashire, and Cheshire, 124-d : late Chester and Birke-
r- - - pa. o) T 1-

o ; Eas. ,ancashire, , Id ...eca, 51 ; DUI o
Fifths, 84-d ; Lancaster and Carlisle Thirds, Sip ; Stock,
1221 ; Ditto New Quarters, 31-13 ; Maneeester, Sheffield,
and Lincoln, 274; Ditto £6 Preference, ap ; Midland,
444; Ditto Halves, Dad ; Old Dovers, 22 I 41; York
and North Midland, 1s ; Cork, Blackrock, and Passage,
94c d.

• The trz file r2futns for the last week on the undermen-
tioned lines of railway, are as follows :

1851. 1850.
£
London and North Western 65,387 .. 49,077
Great W, stern...
Midland
Lancashire and Yorkshire 17,170 .. 16,075
London and South Western . . .. 16,398 .. 13,315
London and Brighton....
South Eastern..
Manchester, Sheffield, and Lincolnshire 7,421 .. 6.325
Bristol and Exeter
Eastern Counties and Norfolk 17,779 .. 16,365
Great Northern
Chester and Holyhead
The total receipts being £223,192 in 1851, and £180,078
in 1850; the increase is shown to be £43,114. The num-
ber of miles open in 1851 was 32314, and in 1850, 3011 f ;
showing an increase of 2191 miles. The average return
per mile per week on the above lines was, in 1851,
£69 Is. 91d., and in 1850, £59 153. Bfd. The return on
the London and North-Western shows the extraordinary
increase of £l6,3loover last year, and the return per mile
shows an excess of nearly £22. The Great Western,
South Eastern, and London and South - Western
are nevertheless remarkably good. The Brighton,
the Eastern Counties, and Great Northern lines,
must also be pointed out as presenting a con-
We have little to report in our colonial markets, and
they are generally flat. In Sugar there is very little
doing, the trade being occupied in clearing their previous
purchases, at the reduced rate of duties which are receiv-
In Coffee and Tea there is rnthrr A hnrtn*

itble to-day

feeling. bye Stuffs are dull ; and the Indigo sale
London commences to-morrow, and is looked forward to
with much interest.

The new and reduced rates of duty on all descriptions
of colonial and foreign sugars, which came into operation
to-day (7th inst.), are expected to cause the deliveries of
sugars from bond to be large, and it is expected that the
quantities of foreign refined and other sugars required to
be delivered on payment of the reduced duties for home
use will be so great that arrangements have been made

for such deliveries to take place to a later hour than
usual, in order to meet the requirements of the trade. As
this fresh reduction of the duties brings the rates to the
lowest standard provided for in the scheme of the late la-
mented Premier, with respect to the duties on sugarso far
as concerns the supplies from the British plantations, the
effect of the measure will now be evinced to a proportionate
extent, although the complete affect will necessarily not
ha shown nnfil Ih. ..ill •

ether high-class sugars assimilate the duties leviable on
them to the sugars imported from the British colonies.
The retail price of first-rate refined or lump sugar is now
less than half the price it was before the revision of the
sugar duties took place, and the public will doubtless
benefit to a still further extent on this fresh reduction of
the duties on all classes of foreign sugar.
Throughout the country the corn markets are dull. and
prices have receded fully 2s. a-quarter for Wheat. Yes-
terday only a moderate trade was doing here in every
article, whilst in London yesterday sellers were obliged to
submit to a further reduction of a shilling per quarter.
The America steamer arrived this morning from
Boston. Her advices are unimportant regarding the
article of Cotton, and they are not expected to have much
influence on the market. The receipts for the week were
similar to those of last year. and prices were rather higher ;
but, on the other hand, the weather was fine, and the
shipments were again large. The nitanfifw 41...

present time is 140,000 bales, against 70,000 same time
last year. Here, to-day, we ye had a steady market,
the sales being 5,000 bales, of which 1,500 were for
export.

The following statement, from the New York Shipping
List, of the 25th June, was communicated by electric
telegraph to Boston, and brought to Liverpool by the
steam-ship America :

1851. 1850. Increase Decrease.
Receipts 2254467 1969573 284894 ..
Exports to G. Britain 1243934 858915 385019 ..
Expts to foreign ports 1760492 1267175 493317 .
Stock,& on shipboard 303155 371173 68018
The shipping returns of the Board of Trade for the
month ending the sth of June exhibit the following