The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-01-25 00:00:00

business has not been done, the -market for railway

lye 110

We ha
.14:iiglish failures of ...nment to notice,
although we regret to see the Gazette unusually prolific
in announcements of the bankruptey of tradesmen awl

mercantile firms of the middle description in extent of
business. We have to observe, however, the failure of a
large house in St. Petersburg—Mr J. C. Plitt. a German
merchant—whose liabilities art- s►ated at 2,000,000 silver

business a

ic.u.e was

principally that of an importer of goods from Germany,
England, and elsewhere ; and the loss is expected to fall
heavily upon Frankfort, and to be felt to some extent in
Manche ter and t lsewhere.
The following is the condition of the Bank of England,
as compared with the last week's return :
Public deposits .... £4.134.680 I)ecrease,
Other deposits .... 10 676 188 Decrease,

£1.079.328
182.098
35,818

lui•rea,e,

3,720.447

Rest
On the other side of the aeoaint
Gov'ment securities £ll 2!)3.353 Increase,
Other securities .. 15 254.936 Decrease,

£2IOMOO
1.(91.022

Notes unemployA 7.152,400 Decrease, 162 985
The amount of notes in circulation is £19,094.600,
ing an increase of £533.215: and the stock of bullion
in both departments is £l2 823,602, showing an increase
of £245,241, when comp-,red wi‘h the preceding return.
It was anticipated on Thursday that a reduction in the
rite of interest w iuld be determined upon. The directors,
h virever, separated without having adopted such a sten.

improvement, which is perhaps the more cheering because
it is slight. and merchants generally appear to have made
up their minds to expect nothing beyond a gradual pro-
gress towards active operations for some months to come.
The market for colonial and foreign produce has been
- very
active. We quote from the circular of Messrs. Black
and Baxter:—We have experienced a largely increased

and public sale, at prices fully Is. per cwt. over those of
our last. The public sales comprised about, 800 bags
Crystalised Bengal slightly damaged, for which 50s. to
545, per cwt. was readily obtained. In Molasses the
transactions are.also much heavier, the sales extending to

►nore than 600 puns., of Cuba at 15s. and of AntigutZ at
IBs. per cwt. For Refined Sugars we have still a steady
deman►t ; Crushed of fine quality is not so much wanted
hut middling descriptions being in very scanty su•iply and
much in lemand, better prices have been obtained ; par-
cels of the latter sort now on the way are likely to bring
further improved rates. We have no change to notice in
Syriin. With a ctpalle consomntinn and_
of Treacle, the market has been firm within the last two
day., at our top quotation of 18s. per cwt. for good Scotch.
A fair business has taken place in Coffee at about former
rates. In Rice there has been scarcely so much business
passing, but prices are without change. A large business
has been done in Palm Oil at an improvement of 50s. to
60s. per ton, and some sales are reported at still higher
rates for future delivery. Tallow being still scarce, our
full quotations are freely made. No change in Guano._

Tne same features lave been noticed in the London
Market. The sales of Sugar for the week ended on Fri-
day, last were 31921ihd5., the market closing firmly at Is.
per hhd. dearer than in the preceding week. Mauritius
Sugar was quoted 375. 6d. to 38s. 6d. per cwt. for mid-
dling grey and yellow ; Bengal, good middling to fine
white 435. 6d. to 475. 6d. per cwt. ; Madras, low brown
to middling yellow 27s to 355. per cwt. Coffee was selling
at full previous rates.

_ .
The Cotton market during the early part of the week
was rather lively, being acted upon by accounts per last
mail from New York, giving less favourable reports of the
Cotton Crop, which is not now estimated to yield more
than 2,200,000 bales. Prices were accordingly advanced
Id. per lb. ; but have not been sustained in the face of
the depressed condition of the Manchester goads market.
The sales of the week have been 28,710 bales, of which
100 have been taken for export, and 100 on speculation.
Prices close a shade lower than at the end of last week.

gloomy,caeondunhtoslfdroomuttnhoe
pmroaanpuefnatctoufrienagridyistricts are very
the past week being referred to as the woirmstPr;ver exepnet.'
rienced. The Manchester Guardian says—" There has
been very little detr aid either for goods or yarn, and
prices, especially of the latter, have given way more deci.
dedly than heretofore. We have heard of sales of mule
yarn (India qualities) at 74d. per lb. for 40's, and Bid. for
50's ; rates decidedly lower than have been known before
in the history of the cotton trade, and at which spinners
must sustain losses to which they cannot long continue to
submit." _ . -

is no extensive
keTtshfeorsa
Principal mar-
demand for goods from any quarter, most of the conti-
nental markets being nearly paralysed by the recent fail-
; e features are
aanruefoactbseurrevsa.bleTihnere the
fail-
ures, and shipments to America not being on so extensive
a scale as previously. Short time is again being resorted
to by the manufacturers ; and in some places a reduction
of wages is being enforced. In every respect the pros-
pects of our manufacturing classes, both employers and
operatives, are most deplorable.
In such a period as the present, rumour is very busy
with people's names ; and we, therefore, make a practice
not to repeat what reaches us, except upon undeniable
authority. This week remarks have been treely circulated
affecting the credit of a large East India house in London,
which was said to have applied to the Bank of England for
an advance. We learn that the firm referred to, Messrs.
Magniac, Jardine, and Co., have been assisted by their
friends, and will wind up.
The Corn markets are in a drooping condition, and
prices of Wheat may be quoted generally 3d. to 4d. per
bushel lower than last week.
At a meeting of the coal trade, held at Stourbridge last
week, it was unanimously agreed that a reduction of Is.
per ton upon coal, and 6d. upon all slack, which remains
as before, should take place from the Ist of January,
1848. This looks as if there were heavy stocks on hand,
or that the strike was considered not likely to be of long
continuance.

The writer of the city article of the Morning Post of
Friday, remarks, and with justice, that " the simulta-
neous departure for Rio of a war steamer from France,
with the Prince de Joinville on board, and of an English
, vessel of the same class, the Hydra. from Plymouth, looks
as if the two governments, Anglo-France, were really
determined to put an end to the petty warfare in the river
Plate, where things have become more complicated than
ever, from the French commodore having taken possession
of several vessels under the Brazilian and other flags,
which had discharged their cargoes in the Argentine ports
without having first called and paid toll at Monte Video.
In consequence of this measure, Roses has interdicted the
landing of any foreign goods, produce, or merchandise, in
the ports under his jurisdiction, coming from Monte Video.
The trade on the river is, therefore, in a most disorganised
and dilapidated state." The Hydra, English war steamer,
has not yet departed ; and, as it is announced that the
Admiralty have ordered her detention for a few days, an
opportunity presents itself for forwarding late correspon-
deuce, &c., to Rio and the River Plate.
A correspondent of La Presse,
writing from Turin,
under the date of the 13th, affirms that a treaty offensive
and defensive has been concluded between Austria, Mo-
dena, and Parma, of which one of the conditions is the
i establishment of a customs union similar to the Zollverein.
The causes of the recent Frankfort failures are ex-
plained in the Times of Wednesday. : The origin of these
disasters, it is said, is to be found in the great extension
given to manufacturing operations some years back in
Badee, as a consequence of policy adopexl
by the Zollverein.
The Swordfish arrived at Liverpool on Tuesday, with
dollars, for common assortments ;
There
is not any particular the protective
intelligence to communicate. By
dates to the 20th of Decembetrh,
the accounts, the supply.of suer of the new crop, in bags,
increases daily. The f)ric e s of whites, in bags, opened at
Muscovadoes at 17e0 dole. to 1700 dols. Exchange had
advanced to 28d., at which it was firm, 2280 dols., to 2300
•ern. and would, no
doubt, have gone higher, but, owing to the accounts from
England it has reached to 274 d, to 27d., dosing at the
latter rate. The Seraphina arrived on Sunday, with three
cloys later awe, but commercial Aire were not alterod.