The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1851-04-01 00:00:00

g and grievous duff
it was not desirable that

g pendi

the Baron G

)ectively, the following letters :
" Conservative Club, 26th March, 1851.
" SIR,—I beg to acknowledge the receipt of your letter
of this morning, declining the terms offered yesterday for
the purchase of the Birkenhead Docks, and I cannot but
regret that communication, especially as it is unaccOm-
nanied by any modification.

any alteration in the details occur to you, (still preserving
the principle upon which that offer was based,) I shall be
glad to hear from you.
" I have the honour to be, sir,

s BOLL

" ' To Joseph Bailey, Esq.,

ive Ch

26th March, 1851

I beg to acknowledge t

of your letter

,he otter mac

ie propert

.
" 'A previous communication from the Chairman of
the Dock Trustees had prepared me for your reply, And

receive a reply, though the purpott of your letter would
seem to make such reply a matter but of form and courtesy.
"'-,:have the honour to be, sir, your very obdt. servt..
(Sizned) " ' THOMAS BOLD.
" J. Bailey, Esq., M.P.' "

It was then moved by Mr. BOLD, seconded by Mr.
TURNER, and resolved, that the Report now read be re-
ceived and adopted ; and the negotiation having failed,
this committee express no opinion on the subject. Re-
solved, also, that the reporters be furnished with a copy
of the proceedings of this day, and that a copy of the
above resolution be, in the meantime, transmitted to Mr.
Bailey, M.P., in reply to his letter to Mr. Bold of the
28th instant.

LETTING THE WATER INTO THE BIRKEN-
HEAD GREAT FLOAT-YESTERDAY.

For some weeks past it has been apparent, from the
cessation of the excavators employed, that the works at
the Birkenhead Great Float, so far• as it is at present
contemplated to carry them, were in a state approaching
to completeness. During the last two months, little has
been going on beyond the masonry work of the wharves
at both sides of the Pool, which are now, however, nearly
as far advanced as we shall see them for a while. The
bulk of the work of this description on the Birkenhead
side is completed ; and all that is likely for some time to
be required on the Wallasey side. Yesterday, rather
unexpectedly to the public, a commencement was made
by the engineer, Mr. Abernethy, to let water run into the
Float, through the sluices from the Morpeth Dock and
at the time of high water the scene, which has for months
past been one of busy industry, presented a vast space of
water and quay room instead. The tide, however, was
not a high one; and the Float, after the sluices were
closed, would contain, we are informed, an average depth
of from six to seven feet over its area of from fifty to-
sixty acres. Last night, about three hours more of the
flood-tide would be available ; and it is expected that, by
to morrow night, a sufficient body of water will be let in
to enable vessels of twenty-six feet draft to float in the
centre of the dock. A spring-tide, of course, will give a
deeper anchorage, and easier access to quay berths. Our
Birkenhead neighbours may congratulate themselves upon
this great step towards the realisation of their original
highly-pitched expectations. They have at the same
time very greatly to thank, for such result, the well-
judged and energetic efforts of their present engineer, Mr.
Abernethy, and of the contractors,—Messrs. M'Cormack
and others,—who have so greatly exerted themselves to
bring the works to a state of w•ffking usefulness.

COMMERCIAL AND MONETARY NEWS.

Monday Night.
We have had another week of extreme depression,
indeed stagnation, in our Colonial Produce markets. The
sales have been unusually limited, and generally at lower
rates. The procrastination in bringing forward the Bud-
get, and the very questionable position of the Ministry,
are named as the chief causes of this general want of con-
fidence. The sooner we have a general election, and get
it over, the better it will be for trade, as the certainty
that it must come shortly is having a very prejudicial ef-
fect upon all branches of trade, causing parties to pur-
chase only for their immediate requirements,

We are glad to perceive that the disreputable practice
of passing false entries for tea at Shanghae, which some
parties, who ought to have acted very differently, have
been practising,-has called forth the attention of the press
and the government; and it is to be hoped that our mer-
chants, as a body, will not let the matter drop.- We have
our different commercial associations, and we think this
a very fit subject for the China Association to take up.
The cargo put on board of one of the ships has- been par.
ticularly alluded to; but we understand there are two or
three other vessels where there has been a similar irregu-
larity.
The Cotton market on Saturday was steady at-the quo-
tations of the previous day. The sales reached 7,000
bales ; 1,500 of which were taken for speculation and ex-
port, consisting of 800 American, 600 Surat, and 100
Maceio. The Pacific's advices are merely confirmatory of
those previously received from the United States, and con-
sequently have had no effect upon our market. 6,000
bales have been sold at prices on the average unchanged
from those of Friday, 1 000 bales of which are for export
and speculation, coraisting chiefly of American and Surat.
The imports since Friday are—Uplands 95 bales, Orleans
and Mobile 10,976; and Surat 2,910 bales. Total, 12,981
bales.

There was extremely little business done in Foreign
Wool last week ; but as prices are not expected to decline,
holders are not over anxious to sell at present, and former
rates are consequently well maintained. Imports for the
week : Foreign, (from Bombay,) 25 ; Scotch, 80:
The Share market has taken quite a decided change
downwards—caused by weak buyers for the rise—which
purchases had advanced prices above their real worth ;
and in consequence of the public keeping aloof, they have
been obliged to throw them again on the market, to meet
their payments. Therefore for the present we do
not hope for any improvement. The annexed prices
will shew the depreciation since this day se'nnight :
Ambergate and East Junction, 3krl ; Birkenhead L. and
Chesh. 7d : late C'ies. and B'head, £22-shares, 3d ;
Caledonian, 13i ;: East Lancashire, 171; Old Leeds,
591 A 60 1 60; Do. Fifths, GI 15-16 it; 15-16 cd 6 15-16 d;
Leeds and Thirsk,. 171 ; London stock, 128; Do. new
Quarters, 58 sa/p ; Do. Fifths, skp ; M'chester Shef
and L'coln, 35; Midland, 60 59i 60 ; Do. Leicester and
Swan'ton, 171 ; Do. Halves, 14* Ald ; North British,
10 ; Old Dovers, 261 6aA ¢ ; York, Newc. and Berwick.
21 ; York and North Midland, 26 41 4 ; Commercial
Bank, 12 124.

ARRIVAL OF THE CITY OF GLASGOW SCREW

This splendi

STEAM-SHIP.

p, Capt. Matthews, corn-
urday, 15th March, at 30

minutes past noon, and arrived here yesterday morning at
two o'clock, a.m., making the passage in 15 days, 8 hours.
She passed the mail-steamer Africa in Channel on Sunday
morning, at 5.30. The following is a list of passengers :
Mr. Joseph Richardson, Mr. J. Hall Wilton, Mr. John
M'Curdy, Mr. Hastings, Col. W. H. Maurice, (bearer of
despatches to the Ameriran Minister at London, and the
American Legation at Paris,) Mr. P. S. Justice, Mr.
Francis Henry, Mr. James Barr, Rev. John Davis, Mrs.
Dr. Wall and child, Mrs. Carroll, Mrs. W. H. Bear,
Mr. Thomas Read, (delegate from the State of Pensylvania
to the World's Fair,) Mes=rs. John F. Greives, Thomas

H. Bailey, J. Kenkins, M.D., J. I
J. Herdleberger, John Newton,

Allen, Archil
Peter Nichols

Evan E
On le

ner, L.N. Naylor,
John
~Goodfellows,

Id Hartford, Knider Busch,, Joseph Hall,
Rnthesan, William M`Donald,

tross, 800 tons, t
power, on her tri

new screw-steamer Alba-
;sure of steam, 300 horse
wing been waiting for two
tried her speed against the
awing 19 feet forward and

or three hours for the pur
City of Glasgow, which

17 aft, of

turns in the channel

o get deep wal

while the Albatross, only drawing 6
feet forward and 9 aft, went through the shallows. The
City of Glasgow, when she discharged her pilot, after a
run of ten hours, was three miles ahead, and although
half an hour was lost in discharging the pilot, kept her
position throughout to sea.

March 16.—Wind S.S.E., course N. 84 E., dis. from Cape
Henlopen 113 miles. Moderate and light winds; fog, rain,
and hazy; coals very bad, and difficult to get steam, and full of

March 17.—Wind S. to E.N.E., course S. 79 E., dis. 150
miles.. Light, fresh, and strong breezes, variable; cross,
high, confused sea; rain and fog at intervals
March 18.—Wind S.E. by E. to 'V
147 miles. Fresh and moderate wii

course N. 73 E., dis.
and calms ; squalls,

heavy rain;

), cross, confused

course N. 73 E., dis. 178 miles
at intervals.

Light v