The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-02-01 00:00:00

projectors

The leading discount-houses in London have reduced
their rate for money at call to three per cent. The most
extraordinary circumstance is, that whilst the above fact
conveys the idea of money being now a perfect drug in
the market, not one commercial bill in six drawn for the
purpose of carrying on the internal-trade, can be discount-
ed on any terms whatever. On the other hand, the small
fraction of paper considered unquestionable, is regularly
canvassed for by the bill brokers on behalf of some of the
banks and other capitalists.
Several commercial failures have been! announced during
the week; and the Gazelle continues to present an un-
usually long list of bankrupts, On Friday the failure of
Messrs. Bertram and Parkinson of Newcastle, general
merchants and brokers, was announced by. themselves by
circular to their connexions. The liabilities are said to
be between £150,000 and £200,000; and. the concern
will have to be wound up under the Bankruptcy Court.
The liquidation will depend upon the amount of the divi-
dend's paid by several large houses in London and else-
where, with whom they did business, and is not ex-
pected to be very favourable. An East India house in
London also, Messrs. John Brightman and Co., is an-
nounced as having suspended. Their engagements are
not expected to be large, and are almost entirely on ac.
count of a sugar factory in India. A small failure has
occurred in Manchester; and rumour is diligently pre-
dicting more, but we are glad to say, without ally suffi-
cient grounds.
A slight revival in commercial affairs generally- is ob-
servable both in London and in our own port. The colo-
nial markets- especially have been firm throughout the
week. The sales of sugar in London have been at an
advance of to ls. 6d., very little being brought forward
at these prices, and buyers willing to operate. There has
not been much doing in coffee, but prices are firmly main-
tained. in Liverpool the improvement is even more
marked. We have had a brisk demand for all descriptions
of sugar, and Is. 6d.. to 2s. advance has been freely paid..
A more cheerful tone is generally prevalent.
A gratifyingleature, which we have to notice, is the an-
nouncement of the immediate resumption of business-by
the North and South Wales Bank,—an announcement
which will be hailed with gratification not only by its
friends in Liverpool, but in every place throughont the prin-
cipality, where it'has a branch established, and will set to
work a large amount of suspended industry. The Liver-
pool Banking Company does not offer us so flattering
a picture, although during: the week they have come to an
arrangement with their depositors to liquidate their claims
at three instalments, the first payment of 6s. Bd. in the
pound to be paid in-cash on the 10th February, and the
remainder, with interest, in bills payable on the 6th Au—
gust and Ist December, 1848. The conduct of the ma.
nagement is very- freely animadverted upon, and the ar-
rangement offered has only been accepted as the best
which could be secured.

The cotton market was rather dull at the commence-
ment of the week, but impraved towards the close, leav-
ing ofl firm at fully•the prices of last week. The sales
were 25,570 bales, all of which, except 500 bales, were for
consumption.. The imports were 21,106 bales. The clos-
ing prices given by the Brokers' Committee, on Friday,
were for fair Bowed, 41d. ;. Mobile, 41d. ; and Orleans,
_ _ „ . _

'We have little improvement to notice in the market for
manufactured goods, which continues to be characterized
by great inactivity, although the tone of most parties is
rather more hopeful. Buyers operate very sparingly both
for the foreign and the home markets ; and are generally
pressing for a reduction in prices. There has been a little
done during, the week, in yarn and cloths suitable for the
Indian market.

Our Corn. Market, although not overburthened with
supplies either ,from Ireland or foreign ports, has yielded
slightly since last week, Wheat on Friday being Id. to 2d.
per bushel below last week's prices, and only prevented,
from going lower by the absence of any prospect of large
importations until spring is advanced, together with the
pressure of local wants. The foreign imports of the week
were 4,500 qrs. Wheat, 1,011 brls. Flour, 2,709 bags and
16,000 bushels Indian Corn, and 1,600 qrs. Barley. From
'Leland irc havc had 03 +ono, 033 eaolio Wheat, 112 tono,
2,585 brls., 652 sacks Oats, 3673 bags Flour, 50 tons,.
2,003 loads Oatmeal, 36 tons Barley, 16 sacks Peas, and
20 sacks Beans.

The return from the Bank of England for the week
ending the 22nd of January gives the following results
when compared with the previous week :
Public deposits .... £4,082,448 Decrease