The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1850-01-08 00:00:00

THE LIVERPOOL STANDARD.

THE CHASE

The CHESHIRE HOUNDS will meet on
Wednesday, 9th inst., at
Thursday, 10th, at ..
Saturday, 12th, at Booth's Obelisk.
Monday, 14th, at . Beeston.
Wednesday, 16th, at Wrenbury.
Thursday, 17th, at .
Saturday, 19th, at .
Each day at half-past ten.
Sir W. W. WYNN'S HOUNDS will meet on
Wednesday, 9th inst., at
Thursday, 10th, at Acton Reynold.
Saturday, 12th, at
Each day at half-past ten.

COMMERCIAL AND MONETARY REPO RT

EXCHANGE NEWS-ROOM, MONDAY.
The official returns of the revenue being of a satisfac-
tory nature adds another gratifying feature to the opening
year, which isnot without itseffect in increasing the feelings
of confidence already prevailing in commercial circles ;
and the accounts from Manchester and other of the manu-
facturing districts continue good.

The Share Market has been steady all week, the
advance noticed in our last having been generally main-
tained. London and North-Westerns are chiefly in favor,
and extensive bona fide purchases both of the stock and
quarters have been made. Midlands have fluctuated a
good deal daily, having been done at all prices, from 421
to 45k, influenced by rumours good and bad respecting a
financial statement to be issued this week. The quotations
of this day's business are as follows :—East Lancashire,
11*; Leeds stock, 58; ditto sths, 74- d.; London stock,
110; ditto quarter, 5/8 11/3 p.•, ditto C quarter, 23/9 14- p. ;
Sheffield Preference, 74; Midland stock 43 4- 43; ditto
halfs, 234- I 23 ; North Union, 232; ditto B. 162; Shrews-
bury Preference, 10 ; South Staffords, nd.; Newcastle
Preference, 41 dis. ; Dutch Rhenish, 61 d. ; Royal Assu-
rance, p. ; Gas, quarters, 43. Market closes the best of
the day.

The great abundance of money is at last having its in-
fluence in the produce market, and wherever prices are
at all below the average of previous years, a disposition is
evinced to speculate, and the consequence is an improved
feeling with respect to every article. As yet it has not
found its way to Sugar, but there is a strong impression,
with the steady demand existing, and as most Sugars are
losing money at present prices, that it cannot escape being
included. Messrs. T. and H. Littledale, in their East
India circular, published on Saturday, touching upon this
subject, give the following information, that which refers
to railway matters being curiously important:—
"Money will force itself into employment, and if one
class of operators cannot employ it, another and a more
gambling class will; and thus the spirit of speculation
is set in motion, which too often ends in disaster. But

The golden discoveries in California.' would point to
mining, were not the almost total failures of 1825 still
remembered. Railways are a dead letter for years to
come, and with good reason, when their frightful position
is contemplated. The total sum paid on railways in the
United Kingdom amounts to upwards of 220 millions,
with power to call up 75 mullions more in the next five
years ; and the estimated depreciation on the Ist January
is 60 per cent.,—or say 130 millions. The paid-up
capital of the fifteen principal lines amounts to 101 mil-
lions. The estimated value in September, 1845, was 175
millions ; the present value 65 millions ! The abolition
of the corn laws, and the present ruinous condition of the
agricultural body, are strongly against investments in
land, but may not entirely counteract the effect of Ann.

emptied by the late disturbances, may take advantage of
the position of the money market and advertise for loans ;
but we think the first movement will be in produce.
manufactures, and general commercial enterprise, which
points out the year 1850 as likely to be one of great

activity, and, we trust, of prosperity, if the machine be
not driven with reckless impetuosity; and surely the
catastrophes of 1847 are sufficiently recent to prevent
this."

In our local Produce Market 200 hhds. of Antigua
Sugar have been sold to-day at 365. 6d. to 415.. with

mg in favour of lea; ana nottung to be bad in common
Congous under 10Id. The accounts from Mincing-lane
come very excited to-day, and native Ceylon Coffee has
been sold at 615., which is a further advance of Is. since

• DO...VW
Saturday.
We have a good business doing in all kinds of wools by
private contract, at full prices ;, but, as we remarked be-
fore, our market is so very bare of a great many descrip-
tions, that at present there are considerable orders here
which cannot be exeeuted for want of stock : onr friends
in the United States have become large buyers in this
market. A public sale of East India, &c., will commence
here on the 22d instant. The import for the week end-
ing the 7th instant is as follows :—Foreign 2,631, Irish
86, Scotch 48.

The market for Metals is still looking up, and Iron has
once more got into the 50's, as will be seen from the sub-
joined quotations. We have had an improved demand for
Pig Iron, during the past week, and sales have been made
to some extent, at advanced rates. Good brands f. o. b.
at Glasgow, mixed Nos. 48s. 6d. ; Gartsherrie, 495.; No.
1, 503.

Among much statistical information which has latterly
come to hand, with respect to the Corn trade, the follow-
ing has been brought prominently to our notice, in a com-
mercial letter which reached us, this morning, from Bel-
fast. The writer states that the average price of Wheat,
since harvest, has been about 7s. 10d, to Bs. per cwt.,
whilst that of the entire year has amounted to 9s. 3d.,
against 10s. 6d. in 1848, 10s. in 1845, and 10s. 74d. in
1844, leaving out of consideration the famine years of
1846-7. From this we find that as far as regards the past
year, although the total reduction does not shew a very
marked difference from that of the other years specified,
still the low rates which have latterly prevailed, and which
may be properly judged to be the fair criterion of the
operation of the new law—(which could not be tested
until the weight of our own harvest was thrown into the
scale)—the low rates, we say, current for some time past,
are so far sufficient to alarm the British producer, that;
whatevermav be said to the contrary, while the corn fields of
of the world open to our use, it can scarcely be hoped,
except in years of peculiar scarcity, in other countries as
well as our own, that prices can ever get higher, if they
are able, indeed, to maintain their present position.—The
markets in this country and Ireland generally display
little change. The week commenced with firmness, and,
in most places, with a slight tendency upwards, but
slackened towards the close. In Brunswick-street, on
Friday, as will be seen elsewhere, we had an advancing
market, and to-day the trade is reported to maintain the
quotations noted on that day, with but little passing,
parties being pre-occupied with the grand new scheme
promulgated at the meeting which took place to-day, and
which is reported in another column. There is con-
siderable schism in regard to this undertaking, some par-
ties thinking that the old building might have been en-
larged and beautified, at much less expense than that
likely to be incurred in the execution of the new plan,
which will occupy the extensive area of 2,400 square
yards.

The arrivals of timber from British America, here and
at Birkenhead, this month are 26 vessels, 13,785 tons,
against 11 vessels, 6,351 tons for the corresponding month
last year, being an increase on the month of 15 vessels,
7,434 tons this year as compared with last. The market
has been rather firmer this month, many cargoes having
been yarded by the importers, who decline taking the low
prices offered by the trade. Spruce Deals not arriving in
such large quantities for the last few months as in former
years, are gradually recovering from the very low price at
which they were sold at the commencement of the import;
the demand for this article continues good, and prices are
likely to improve. Most of the cargoes have been sold on
arrival. The arrivals from the Baltic are 4 vessels, 1,135
tons.

The demand for Cotton during the week has been suffi-
cient, not only to counterbalance any deterioration which
the difference between the estimated and actual stocks
might otherwise have occasioned, but even to cause a fur-
ther advance up to Friday night of about kd. per lb. on
American descriptions. On Saturday we had another
firm market, without any further change in prices, and
7000 bales (of which about 3000 were taken on specula-
tion) were sold : SOO were Surats, and the remainder,
chiefly American, at 51d. to 61(1. per lb. To-day the
trade has continued steady, and the sales amount to be-
tween 6 and 7000 bales, at full prices. Between 2 and
3000 * were taken on speculation. The general impres-
sion is, that present prices are moderate and safe, and that
with the large business doing in the manufacturing dis-
tricts, we must not be surprised to see higher prices.

* We are obliged to take this range on account of the dissi-
milarity of the reports which have reached us. As further sales
sometimes occur at a late hour, we generally incline to the
larger estimate.