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

I GENERAL TRADE REPORT.

Monday Night.
The most important feature in the past commercial
week is the presentation to the House of Commons of the
report of the Select Committee on Sugar and Coffee
Planting, which is given in full elsewhere. The report
recommends a protective duty of 10s. per cwt. in favour
of British plantation sugar ; at the same time Lord John
Russell declares that he will not sanction any change in
the act of 1846. All parties interested in the welfare—
nay, the existence—of our Colonies are far from satisfied
with the position in which our trade in these two most
essential articles of colonial produce is thus placed, and
rest their hopes on the motion which Mr. Hume is to
bring forward in their favour on the 22nd instant. The
settlement of the eternal Schleswig-Holstein affair, which
has been so often nearly accomplished, has not progressed
so favourably as we anticipated, and the other European
broils are in as unsatisfactory a state as ever. But the

flight of an emperor or so, or two or three bloody battles
fought, seem to have very little influence upon the money
market here, and consols, which have been truly termed
the Bank pulse, have again been steady throughout
the past week ; and trade generally has not suffered any
further depreciation, although shares, as will be seen
below, are rather lower.
The SHARE Market has shewn signs of weakness since
our last, and a great deal of stock has come to market at
the late advanced rates. The calls are now going on
nearly as extensively as last year: those advertised for
this month have increased £1,300,000, being at present

£2,800,000, which makes the balf-year's total X 19,000,000,
against £21,000,000 last half-year. This, and the issue
of preference shares by the Leeds, Brighton, and Eastern
Companies, are regarded with uneasiness by the holders
of railway property. London stock, which has been
during the week 132, is barely worth 126 to-day. Mid-
land, which has been done at 105, can be bought at 101.
There are good buyers of Royal Assurance shares, the
affairs of that company being reported to be in a most
prosperous state : the annual meeting takes place in July,
before which time a considerable advance in the stock is
looked for.

The CorroN market, which was buoyant at the com-
mencement of the week, subsided on Wednesday, and up
to Saturday night, although the demand had been good on
that and the previous day, the trade had scarcely re-
covered from the depression. A good demand has been
experienced TO-DAY, which has been freely met by holders.
The sales reach 5,000 bales, speculators taking 500 and
exporters 500, at prices similar to those of Friday and
Saturday last.

We are still without any active demand for foreign
WooL, and in all probability there will not be much doing
before the public sales on the 20th inst., when about 7000
bales Australian, and about 2000 bales Low Wool will be
offered A large sale of Alpaca was made last week—
prices about former rates. Imports for the week : Fo-
reign, from Alexandria 108, Port Philip 1495, Smyrna 51,
Adelaide 1921, St. Helena 79, Arica Hallao 1452 ; total
5106: previously 29,225. Scotch, 420: previously 5705.
Messrs. Hughes and Ronald, in their monthly circular of
the Ist instant, report more activity in the trade this
month, but without any improvement in prices, which, on
the contrary have been more in favour of the buyer, and
state that the general impression seems to be that the
lowest point has been passed ; and, while we ourselves
incline to this opinion, we have more confidence of an
increasing demand than of any material advance in

prices.
The market for Sugar is in a very quiet stare, and for-
mer prices cannot be obtained; the. sales' since Thurs-
day last are about 200 hhds. West India, and 1100
bags Pernams. 70 puns. Antigua Molasses have been
sold at 20s. per. cwt. Rum and Saltpetre very flat.
There has been rather more inquiry for Bengal Rice.
—The business transacted in the London markets has not
been large, and prices of some descriptions of produce
have fallen. The demand which previously prevailed for
sugar has subsided, and the tone adopted by Lord John
Russell in relation to the recommendations of the Commit-
tee on Sugar Planting having created surprise and disap-
pointment, the market has given way—the reduction, al-
though holders have acted in the best manner to support
prices, being about is. per cwt. on the week.
The continued showery weather being as favourable as
possible for the coming crops, a general depression in the
CORN markets throughout England has taken place. The
Irish markets have not been much affected, on account of
the smallness of the stocks in that country. About fifty
grain-laden vessels, however, arrived at Cork last week,
upwards of thirty containing Indian corn ; but as many
of the vessels have made a long passage, their cargoes have
come to hand in a damaged and unsaleable condition. In
our own market. although no definite reduction has taken
place since Friday, the price of every article has a down-
ward tendency, with very little business doing ; in fact,
there have been literally no sales to-day.

There is no change to report in the Scotch Pig Iron
market ; the demand has been limited. Prices may be
quoted at Glasgow, 445. 6d., prompt cash.
The price of IRISH BUTTER (of which the arrivals, for
the week ending this day, are 10,767 firkins and 1,013
crocks) has receded is. to 2s. per cwt., with a limited
demand, owing to plentiful supplies of fresh English
having been brought into our country markets. Irish
Bacon, although there is but little on the market, meets
no attention, dealers preferring to select from our'present
large stock of American, at 10s. to 20s. per cwt. less
money. Irish Lard, for the same reason, is neglected.
Prices this day, landed in Liverpool :—Butter : Waterford,
88s. to 90s. ; Carrick, new, 88s. ; Cork Dry, thirds, 80s. ;
Wexford, Carlow, 86s. to 88s. ; Ballymoney and Coleraine,
86s.—Bacon : Long Middles, free from bone, new, 565.
to 58s. ; Short Middles, ditto, 58s.—Fine Keg Lard, 50s.
to 525.

Most articles in the AMERICAN PROVISION Trade have
slightly deteriorated in value this week. Beef, however,
is in fair demand, at previous rates. Pork being more
plentifully supplied, prices are easier. There were up-
wards of 2000 boxes of Bacon brought forward at public
sale on Tuesday, about half of which quantity was dis-
posed of, at a reduction of 2s. to 3s. per cwt.; a fair busi-
ness, however, has since been done by private, at, in
some instances, an advance on sale prices. About 200
casks of Hams, in dry salt and pickle, sold at 30s. to
355. 64 ; 100 casks of Shoulders, at 20s. to 265. 6d. ; 100
casks of Pigs' Heads, at 18s. to 19s. 6d. ; and 16 half-bar-
rels of Pigs' Tongues, at 265. 6d. per 112 lbs. At the
sale of Lard on Tuesday, inferior qualities scarcely sup-
ported previous prices, and a reduction of Is.. to is. 6d.
per cwt. was submitted to for better descriptions. Cur-
rent rates are:— _

Cheese—(duty paid)—Fine, 48s to 52s per cwt. ; middling,
43s to 465; ordinary, 33s to 425. Beef—U.S., (free)—Prime
mess, per trce. 3041 b., 85s to 92s 6d; ordinary, 16s to 83s, old
60s to 68s; extra, India, family, &c., 97s to 1055; ditto, per
half-barrel, 30s to 35s ;—mess, per barrel, 2001 b., 508 to 56s ;
ordinary, 40s to 465, old 36s to 40s ; prime, 34s to 365. Pork—
U.S., (free)—Prime mess, per barrel, 2001 b., 55s to 70s, old 48s
to 56s ; prime, 40s to 455, old 35s to 40s; mess, family mess, &c.,
50s to 60s, old 44s to 50s. Bacon—(free)—Eastern, 48s to 52s ;
Western, 36s to 48s; Shoulders, per cwt, 24s to 265, old 20s to
255. Hams—dried, per cwt. (duty-paid), old 20s to 30s ; in salt
(free), 32s to 48s; old 26s to 325. Lard (free)—Fine, in kegs
and barrels, per cwt, 42s to 44s ; good, in ditto ditto, 39s to 40s ;
ordinary to middling, 37s 6d to 38s; inferior, and grease, 288
to 345. Butter—Grease (free), 40s to 455. Pilot Biscuit, per
cw!...(duty paid), 15s to 20s.

Messrs.' Chaloner and Fleming state that, " The pres-
sure under which the TIMBER Trade is now suffering is
clearly traceable to- the general depression of trade con-
sequent on last year's monetary derangements, by which
the numerous railroads were brought to a stand, and the
demand from the manufacturing districts reduced to the
lowest point, and the loss to importer. has been greatly
aggravated by the enormous and unusual rates of freight
which had been forced on them by the abstraction of so
much tonnage for the carry of corn. Before the question
of the alteration of duties was mooted, Quebec yellow
pine was sold at 15d. per foot, when the Baltic ruled at
2s. 2d. per foot. At present the latest sales have been at
13d. to 14d. per foot for the former, and 16d. to 18d. for
the latter. If this position be preserved the full object
of the reduction has been obtained."

We copy the following particulars respecting the East
India trade, from Messrs. T. and H. Littledale s monthly
circular, published on Saturday :

" The Coffee market has been very flat, and prices for
the better descriptions of Jamaica, owing to the low rates
now ruling in London for Plantatien Ceylon, have declined
2s to 3s per cwt. As we•remarked in our last monthly
circular, if the Coffee trade is to be carried on in this
town, we must have a regular and constant supply of the
Plantation descriptions of Ceylon. If a portion of the
crop each season were more distributed, and a part sent
to this Port, the London market would not be glutted,
and prices would be better maintained.
" The London Indigo sale was a complete failure. Out
of 7400 chests declared ior auction, the whole were with-
drawn, with the exception of about 3000 chests, the
greater portion of which were in second hands. The
total quantity sold was 1700 chests, (1000 for export, and
the remainder for the home trade and resale,) at the fol-
lowing decline on the February sale prices :—Good and
fine shipping Bengal 6d. to 9d. per lb.. ordinary ditto 3d.
to 6d, and on Madras, Kurpah, and Plant Oude 3d to 4d.
The next sale in London is fixed for the 11th of next
month. Here, there has been a limited demand for the
home trade.

" As is generally the case, after a sudden rise, a reaction
takes place, and this is the position of Saltpetre. The
arrivals during the month have been considerable, and
the importers have shown a desire to effect sales ; the
quotations are further reduced is per cwt. Nitrate has
been heavy of sale at 12s 6d per cwt.
" There has been a good demand for the common de-
scriptions of Rice, ruling from 8s to 9s, chiefly for export,
and prices have been supported. The late rise in the
value of Indian Corn and Meal for Ireland leads us to
anticipate a steady demand for Rice.

The following general items from the same source, are
also of importance :
" SUGAR.—Throughout the past month there has been
n excellent demand for Sugar, and prices for all refining
descriptions, West India and low to middling white
Benares, have advanced 2s per cwt., fine Benares being
little if any dearer. The consumption is going on most
Satisfactorily, considering the dulness in trade generally,
and this, aided by some purchases being made in Benares
Sugar on speculation, in the anticipation that government
would make some alteration in the duty in favor of Colo-
nial, has considerably relieved the market. The imports
into the kingdom have greatly fallen off, and the total
stock now shows a deficiency of 6,000 tons, being 98,000
against 104,000 tons. The increase in consumption for
the five months is about 2,500 tons Sugar and 2,300 tons
Molasses. 8,000 mats Manilla brought 38s to 38s 6d, and
three cargoes of Pernambucco an average of 38s per cwt.
duty paid. The last day or two the market has been
quiet, and prices have been barely supported.
" SILK.—The position of our Silk manufacturers may be
considered in a good and healthy state, being fully em-
ployed—the demand arising at present is entirely for our
home trade. Notwithstanding the improvement in this
branch of our manufacture, prices still rule low, owing to
a large production of every description of Raw Silk coming
to this kingdom which was formerly consumed in other
states. The supply is still considerably beyond the de-

Jniie 1548._

mand, and importers generally have been free sake'
The imports of China Silk here for the month are 570
bales, and the deliveries at this port are 545 bales. 11,
Corahs and China Silk Piece Goods there has been Nl'
little business done : Corahs are 6d per piece lower than
the previous month.
" WooL.—The business in Wool has been confinfd,
mostly to public sales. The quantity offered of Colonial.,
and Foreign Wool was large : prices declined ld to IV
on Australian and Id to id on East Tndia and other
ferior descriptions. Public sales are advertised here fori
the 20th instant, consisting of 2,000 bales New South
Wales, besides a large quantity of East, India and other
Wools. The imports are 7,854 bales, of which 1,495 are
New South Wales and 275 East India."

---
The return from the Bank of England for the week end"
ing the 27th of May gives the following results, when
compared with the previous week :
Public deposits £4,866,035 ; Increase ...
Other deposits 9,135,479; Decrease ....
oet:hteer
nomtheenrt
ssei dc
tie
roi
tfi
etsh.e.t,alclc,o7umn,t2l:s—
;
3,391,979 ; Decrease ....
OnR
11,524,726 ; Decreaserncreas e
Other securities
Notes unemployed
'1
03 s'; 75 ~9
The amount of notes in circulation is £17,811,955, bew,r,
a decrease of £283,445;• and the stock of bullion in bo'f
departments is £13,514,739, showing an increase of
£135,520, when compared with the preceding return.
The letters from Brussels this morning announce the
suspension of the banking house of A. I. Adan, " in c°Tve
sequence of the political and financial embarrassments (a
the period."
el
f•
returns of the bank of France for the past vre,flc ;
are somewhat more favourable as regards the bank its
while in relation to the accounts of the government, they
are more than usually discouraging.
The accounts from Valparaiso reach to the 29th March'
Business was reviving, and sales of manufactured goods'
though at fallen prices, had been effected to a larger et:
tent than for some time past. Considerable shipments ;
copper ores, copper in bars, and saltpetre to Europe, lit,
also been made, and would continue to be made in prePa
tion as freights declined. The latest rates for Englan
were from £4los. to £4 ss. with five per cent. Exchange
on London was quoted 432 f hard dollars, 12; and bar
silver, 10. 62.
The Mauritius advices received by the Overland 1%11311
came down to the 30th March. Trade was then exceed'
ingly dull, and it was said that the Government BPI`,
would not be established until the opinion of the 110"
authorities was known respecting the reservation made bt
the Commercial Bank in renouncing its right of issuins
paper. Between 10,000 and 12,000 tons of the sugar el
remained to go forward, which would be distributed 9
least throughout the next four months ; it was, therefor,
,
anticipated that great difficulty would be encountered
raising the necessary means to defray the expenditure of
estates till the next crop shall arrive at maturity.

1448,8 q
54,12'
50,M

THE RATES AND VOTES,—Lord John Rinsell has gifeg'
notice of his intention to move for leave to bring in a hi
to repeal so much of the " glorious" reform bill as o'eg
it necessary to pay the asssessed taxes in order to be °n
the register as an elector in boroughs. • eci
MR. SMITH O'BRIEN.—A private letter was receive
here yesterday from Dublin, which stated that on Saturn'
et
night, Mr. Smith O'Brien was arrested under the nt
act for the better protection of the crown, and by virtot
of which, Mr. Mitchel has been transported. We are '
t 4,
ourselves in possession of any information on the subJe'
It is said that the alleged offence is the issuing of
rib
manifesto which that gentleman signed last week, reco"?
mending an appeal to arms.
4. FOREIGN THEATRES IN LONDON.—The present,a the
deser-
ted state of the English stage has at length awaken
attention of actors and managers to the necessity of tas,ll3/
some steps towards calling public attention and symPlutr,
to the situation of the professors of the dramatic ae,
This movement has been accelerated by the annonn_ee
ment of the company attached to the Theatre Historiatic;
Paris, who have made public their intended appears
at the Theatre Royal Drury-lane in a few days. A,ree
propose giving 25 representations, at the rate of "Are
nights per week, and the celebrated novelist, Alexa°"•g
Dumas, is engaged to superintend the production f the
own romance " Monte Christo." For many daYlbills
walls of the metropolis have been placarded with hot' to
inviting the co-operation of the public and professionrot,
the neglected state of our national drama, and the aladon
ing increase of foreign actors in the various L°neras
theatres. At present we have the two Italian OP tre,
(Haymarket and Govent-garden), St. James's Theaaed
Drury-lane (announced to open for French drama,,,teatre
a negotiation h been on foot at the Olympic frog"'
for the appearan€e of the Opera Comique comParlY.Lve of
Paris. It will be seen from this that it is probable by
da)
our first-class theatres may be occupied in a few f the
continental artistes. This threatened occupation °tition,
London houses by foreigners has called forth a
,Pe
intended to be presented to the Legislature by thencers,
agement and members of the Lyceum Theatre, as r ofia-
musicians, machinists, &c., employed, praying 0
'the
ment to restrict the number of foreign theatres
metropolis to those already established.
„no e a
n,
TO THE ISLE OF MAN.—We know DO Uhf
lightful short trip by steam than hence to the
s e l'"
1 itself is pie-
at this delightful season of the year. The
turesque and beautiful, the walks and moderate. The
and the expense cf living extremely
splen-
daily are
steam-boats now plying thence and back ance
did vessels of large size, and fitted U) with every e eg
and convenience.
MODEL OF THE BIRTH-PLACE OF SHAKSPERE*
success that has already attended the view of New yor
at the Zoological Gardens, has induced the spirited PI
prietor to add to the numerous attractions a model, exa°_,:
of the house of Shakspere, at Stratford-upon-Ayon.
Inn
object that, during the present age, must be highly I_°„,ot
resting to those who have not personally visited it ; as ".,d
only the exterior, but the interior, the furniture,
o"_`4l
every peculiarity is most faithfully pourtrayed. The m "
will be first publicly exhibited on Monday next.
most inviting,