The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1851-10-14 00:00:00

THE LIVERPOOL STANDARD, TUESDAY, OCTOBER 14, 1851.

ARRIVAL OF THE EUROPA,

By the arrival, on Saturday night, of the British and
North American Royal Mail steam-ship Europa, Captain
Lott, we are in receipt of our usual letters and papers
from New York to the 30th ult. inclusive ; and by tele-
graph via Halifax, we have commercial intelligence down
to the evening of the 2d instant. The Europa left Boston
on the Ist instant, at noon, arrived at Halifax shortly be-
fore midnight on the 2d, and after taking on board the
rest of her mails and dispatches, sailed tor Europe. She
brines 51 passengers, only 10,400 dollars in specie, a fair
general cargo, and the mails from the United States and
the British provinces.
The political news is exceedingly meagre, and, except-
ing the announcement by magnetic telegraph from Toronto
of the resignation of the Canadian Cabinet, there is no
incident whatever worthy of special reference.
But the commercial intelligence is of a far different
character, and of paramount importance in relation to the
interests of European merchants. In consequence of the
large exportations of gold to Europe—amounting to
nearly the whole of the produce received at New York
from California—the pressure on the money-market has
been so great, and operations so " tight," that a complete
panic had ensued, which, however, in some degree had
been relieved, just previous to the sailing of the Europa,
by the receipt of a large amount of exchange bills from the
south, drawn upon the strength of cotton exports to this
country. Still the rates of exchange were very high ;
sterling being quoted as high as 1104 to 1104, and Conti-
nental paper in proportion.
The American vessels which had been sent in search of
Sir John Franklin's Arctic expedition, had returned,—
one, the brig Advance, having reached New York on
Tuesday, the 30th ultimo, and the other, the Rescue, be-
ing hourly expected. They had seen no traces of Sir John
Franklin. The men were all in good health, and no life
was lost.
The persons charged with the anti-slavery riot in Penn-
sylvania had been committed for trial for murder and
high treason, and undergone their first examination.
A number of literary men had held a meeting in the
City-hall, at New York, for the purpose of adopting mea-
sures to pay proper regard to the memory of the late
J. Fenimore Cooper.
The newspapers throughout the union are more or less
occupied with the dress reform—or Bloomerism. The
adoption of the costume was getting so general as to ex-
cite neither surprise nor ridicule.

From South America we learn that the small number of
factions who raised the standard of revolt in the northern
provinces of New Granda had been completely defeated
by a body of militia, and order and tranquillity were
restored.
The following is the telegraphic dispatch from New
York to Halifax, 2d Oct., 1851, p.m. :—" Much excite-
ment existed yesterday in consequence of banks and
money brokers refusing redemption of country bank notes,
heretofore negotiable. To-day the panic has somewhat
subsided. The screw-steamer Glasgow arrived here early
yesterday morning. The news by the Canada, received
yesterday, made the flour market exceedingly dull, and
prices are norrinal. Lower prices must be accepted to
make sales. Wheat is dull, and offering at low prices.
The cotton market is also flat."

COMMERCIAL.
(From the New York Courier and Enquirer.)
Government and other leading securities were firm to-day,
and in some instances a slight advance was obtained, other
descriptions were heavy, and although the decline was not so
great, as took place last week, still the tendency appears to be
downwards.
The approach of autumn, instead of affording some relief,
as was generally anticipated, in the money market, seems to
invite further depression, if we may rely upon the aspect of the
past fortnight, and receive as evidence of the fact the recent
occurrences here and elsewhere of bank and individual fail-
ures, and the threatening disorder which continues to reign in
our midst.

The exports of specie from New York since theist of January
last have approached 28,000,000 dollars, a drainage which is
almost equal to the importations from California on consign_
men', and a constantly recurring amount which our merchants
and banking institutions cannot withstand.
We have said that the exportation of specie has almost
equalised the importation of gold from California. This is
literally true, for the excess of importation does not reach
7,000,000 dollars, and these 7,000,000 dollars, which were to he
used as a basis for increased bank issues, will be absorbed
during the intervening months till January next, in meeting
obligations in Europe arising from the same species of com-
mercial improvidence which it has been our purpose here to
point out. At every expansion little specie is left in the vaults
of the banks; and when sudden stringencies occur, the redun-
dancy of country circulation being thrown back upon the
banks, they first experience the revolutionary shock; yet their
failure is but the harbinger of what also may be anticipated
among the city institutions.
CUTTON.—Since our last review, per Pacific, 26th September,
the sales hive averaged about 500 bales daily, all to the trade.
Prices for the better grades, suitable for the home demand, are
sustained only by the lightness of the stock on sale; the lower
qualities, middling and under, are easier to purchase, and we
have reduced our quotations in conformity with the sales
effected. Any orders now received from abroad pass by us to
New Orleans, where the receipts are large-52,000 against

16.000 same period last year : stock, 47,000; and middling, Sc.
to Sic. The receipts at Mobile and the Atlantic ports ere still
light, and planters in Georgia and South Carolina are storing,
in preference to selling at ruling rates. Continued receipts at
New Orleans must soon settle the question of price in favour of
a low range of quotations at the opening of the campaign, vhe-
ther the crop prove ultimately 25 or 2,700,000 bales. The sales
reported on 'Change were 200 bales.

STRICT LIVEIIPOOI. VLASSIFICATIPN

Atlantic.
7. to 7i

New
Other
Orleans. Gulf Ports
74 to —_ 7i to

,; ....
Low ord. to good ord. 7a to 84 8 to 8i 8 to 8/
Mid. to good mid 9/ to 9/ pi to 10/ 9/ to 10
Mid. fair to fair
Fully fair to resod do — to to nominal.
Freight to Liverpool, nominal rate 3s. 6d. ; nothing offering.
NEW ORLEANS MARKET, Sept. 26.—The sales of cotton to.
day have been 3,000 bales, at sc. to 8/c. for middling. The
week's sales have been 15,000 bales, and the receipts 22,000.
The total receipts since the Ist instant have been 52,000 bales,
against 10,000 last year. The exports have been 12,000. All
other articles are quiet. Sterling exchange is at 10c. to 11c.
premium. Cotton freights to Liverpool are at id.—Sept. 27.
—Cotton : 2,000 bales middling were sold at sic. Week's
receipts, 22,000. Total receipts of the season, 52,000, against
16,000 same time last year. Stock on hand, 47,000 bales. Mess
pork is declining. Sales at 4115 50c.

CHARLESTON, Sept. 26. During the first four days of the
week under review, upwards of 1,500 bales changed hands, and
in consequence of the accumulation of stock a lower range of
figures were accepted. On Wedr*sday,however. the retrograde
movement in prices was checked, which is to be attributed to
a comparatively active demand and the favourable advices
brought per Africa. Yesterday the market was quiet, and the
week closes with a depressed market at unsettled prices. We,
therefore, have no quotations to offer, but it was generally con-
ceded that middling fair was worth 94c. Sales for the week,
2,600 bales. Freight to Liverpool, nominal to id.
BALTIMORE. Sept. 29.—Sales were made of 250 brls. City-
mills flour at $3 fine. and 200 Howard-street at 43 94c. The
markets are steady, and exhibit no material change in prices.
FLOUR.—There is no new feature to record. With moderate
supplies and a fair home trade, there is but little change in
price. The export demand has quite subsided.
GRAIN.—For wheat the market is quite unsettled, but with
light receipts there is some firmness.

FRElGH;rs.—Flour has been engaged to Liverpool at 74 to 8d;
grain, 3&d. Cotton is nominal ; 3s. 6d. per bale offered, 3s. Sd.
asked. To London, flour, Is. 6d. ; rosin, 28. To Glasgow,
flour, Is. 40.