The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-09-26 00:00:00

GENERAL TRADE REPORT.

Monday Night.

The trade of this town has presented a more cheerful
face during the last few days, and the prices of railway
stock, though still miserably low, are a little better. It
is a source of sorrow, however, that the demand for two
articles of foreign produce, rice and Indian corn, which
are evidently destined to come closely into competition,
should be caused by the almost certain failure of the
potato crop, particularly in Ireland ; but certain it is that
large supplies of both will almost immediately be wanted,
the peasantry in some districts being on the point of
starvation. The continued unsettled state of the conti-
nent keeps our manufacturers down for the present, but
we are not without hopes that this state of affairs will be of
short duration. One thing is mainly wanted, and that is
a government in France capable of asserting its power,
without the almost constant necessity of fighting for it,
or threateninc, to do so. Temporisers will not do the
French people can only be ruled by a tyrant ; and such
a ruler could guarantee, with the assistance of Great Bri-
tain, the peace of Europe. An improvement in the French
prices caused the English funds to open on Saturday morn-
ing at an advance of an eighth, which was maintained
throughout the day. The only quotation of Consols was
96,-1 to 1.
The commercial intelligence brought by the West
Indian steamer yesterday, is of the usual gloomy charac-
ter: Business was marked by increasing dulness. The
certain prospect of the ministerial measure on the sugar
duties- had capped the climax of the misfortunes. The
merchants now say that sugar cultivation must be aban-
doned, and that if the colonists wanted any inducement
to industry they have it in starvation. Sugar at Kingston
remained as last reported,- prices ruling at from 16s. to
21s. per 10g. The stock at market was just sufficient to
meet the demand. Flour moved off heavily, not that the
supply was not large.
The SnAR market has been very steady. all week.
The sales by the public have almost altogether ceased,
and many bone fide purchases have been made. We
believe more stock will be taken off the market the next
account day than at any settlement for some time. This
has given great alarm to the bears'who are making great
efforts to keep down prices. London Stock is to-day 110.
Midland 34.

The prices of CO:VON continue tolall, and the partial
decline of id. per lb. noticed last week is now general.
In the face of this continued reduction in value, we find
,that, compared with the same period last year, the in-
crease of import is 42Z424, the increase of stock 123,700,
and the increase of quantity taken for consumption
208,90 a. Very little, however, continues to be taken on
speculation. On SATURDAY a fair amount of business
was transacted : the sales' were 5,000 bales, including 500
for export; and prices continued without any material
change. The sales TO-DAY, are about 5,000-hales, chiefly
Americans, at 31d. to 4d. per lb. The market has been
quiet, but steady. About 1500 bales have been taken for
export.—The alarming intelligence of the destructive ef-
fects of •the hurricane on the cotton crop exposed for pick-
ing•in various parts of the States, did not arrive in time
to-day to have any effect upon the market. Its influence,
however, must be felt, and we may anticipate some rise in
prices; We shall report, if we receive it in time for our
post-parcel, any change which may take place in to-mor-
row's (Tuesday's) market.
The• amount of business done in foreign Wool, this
week has been on a limited scaler but prices are without
alteration. A fair business has been done in Alpaca. In
consequence of the large arrivals from Scotland, prices
are rather easier. Imports for the week :—Foreign.—
From Trieste 481, Oporto 136, Malta 40-657. Previously
54,040, total 54,697.—Scotch. 1120, 9807, total 10;927.
The Tatter trade here continues steady, and there is
a fair country`demand. The arrivals up to this period last
year are rather exceeded by those of the present, and most
of the cargoes meet ready sale on arrival; very few have
been yarded On importers' account. Spruce Deals having
arrived in very large quantities are lower than they were
ever known, • cargoes having been sold under 10d. per
solid foot.

The CORN -trade in Liverpool has not varied since Fri-
day. There is not much doing, the•anticipated demand
for Indian Corn for Ireland nearly monopolising the at-
tention of the merchants, owing to the Potato failure, of
which more below. The Grain harvest, however, has,
gone on well in most parts of England and Ireland, al-
though there is a 4ttle, in late situations, not yet ready
for the sickle. The arrivals into this port from Europe•
since last market-day cornprise 2054 qrs. of Wheat and
760 qrs. of Barley ; from the United States 6398 qrs. of
Indian Corn, 422'brls. I. C. Meal, and 1000 brls. Flour
and frem Ireland 167 qrs. Wheat, 102 qrs. Oats, 388 Ids.
Otittneal, and 538 sks. Flour. The exports to Ireland'
alone are 551 qrs. Wheat, 3194 qrs. Indian Corn, 370 brls.
I. C: Meal, 42 sks. and 358 brls. Flour. We have select-
ed the best-authenticated accounts of the POTATOES, of
which the summary in brief is—in Ireland, worse ; on
the west coast of Scotland, one-third of the crops are-
already gone; on the east coast they are not so bad ; in
North Wales, very bad ; and generally throughout Eng-
land' reports are unfavourable;—but it must still be borne
in mind that an unprecedented breadth of land is devoted
this year to their growth, and that we can thus afford'
greater loss than heretofore without approaching famine
point. We subjoin extracts generally of the crops :
Netragstle-on-Tyne, Sept. 23: With the exception of a
few hours' rain on Wednesday and a slight shower yes-
terday,. the weather- this week has been•everything that 4
could be desired, and great progress has consequen4
been made in harvest operations, nearly the whole of the
Wheat and Barley being secured and about one-half of•
the Oats, but some quantity of Pease and Beans is yet
abroad.—Peterborough; Sept. 23 : The weather has been,
remarkably fine all this week, and we have but little grain
left in the fields.—Wiikrforil, Sept. 23:- The weather-
continues as fine as could be desired, and nearly all the•
late corn: crops in this district have been secured in good
conditionl, these, however, bear but a small proportion
to the whole. Potatoes are more variable in quality, and'
prices range from 4t-st. to 9d. per stone of 161b.—Betfart,
Sept. 21:: •Since Monday the reports as to the state of
the Potato crop are far from satisfactory, and it is to be
feared that large supplies of Indian Corn will again be
required to meet the deficiency in this crop ; and it is also
admitted that we must import largely of Wheat, as the
yield and quality of our own is below an average.—Cork,
Sept. 23: -The weather was fine up to the 20th, since-.
which it has been broken. On the cold high grounds a
good deal, of Corn is -still uncut, and will require a full
fortnight to bring it to maturity.—Limerick, Sept. 23.:
With the exception of •one day, we have had fine harvest
weather for the past week. Wheat comes forward in fair
supply, hilt the condition is as yet not much improved.
Potatoes- are daily getting worse.—Youghal, Sept. 23;:
The weather is vary:-fine, and I should say the harvest
operations are now completed.
The Pitovistort trade generally displays a want of ani-
mation.

Holders of Irish Butter, although the demand has been
limited, have realised full prices on, prime fresh parcels,
owing to our stock not being on the increase ; and is.
advance has been obtained on favourite marks for ship-.
ment, though stale or middling qualities are nearly un-
saleable. Bacon i3•-3s. to 4s. per cwt. lower for all de-
scriptions.
Arnerican.Butter is is. to 2s. lower. The demand for
Lard has much fallen off, and to effect sales lower rates
would have to be submitted to. There is very little doing
in other articles.

Theaccounts of the hurricane in the West Indies, re-
ceived to-day, of which a sun-.,..mary will be found else-
where, have caused an advance in the price of sugar of
6d. to ls. per cwt. There is a good demand for Rice, and
prices are on the advance. In Saltpetre there is not mach
doing,. the trade waiting the large sales advertised.
—The London markets have been again dull during the
week. The sugar market opened with extreme heaviness,
and experienced a further decline. During the last day or
two,.however, there has been more animation, and the
rates are now about equal to those previously obtained.
The.demand for Ashes is.good, the sales of the week
embracing 300 barrels, principally Pas to arrive at 285.,
and rather higher for those in store. Pearls command
extreme rates. 25 hhds. first Philadelphia Bark brought
9s. per cwt. Bees' Wax is very dull, and the retail sales
have been at £6 per cwt. for good quality. 30% tons St.
Petersburg clean Hemp sold at £3l 10s. to £3l 15s. per
ton ;- Manilla commands £36 in small lots. Jute in good
demand, the sales reaching 2700 bales at £l5 10s. for
common, up to £2O 5,5., per ton for fine. 300 qrs. Bengal
Linseed realised 41s. to 425., and 100 qra. Bombay 435.
per quarter- Linseed Cake is in steady demand at £8 to
.C 8 10s. per ton for American. 700 barrels of good rough
,Turpentine sold at 9s. to 9s. ld. per cwt. 25 tons good
Spirits brought 375. per cwt. Rosip commands full rates,
owing to scarcity. Tar is wanted, and would realize very
extreme prices. Tallow meets a fair demand at 48s. to
48s. 6d. for P. Y. C. and 4. to 475. 6d. for Odessa ;
20 casks fine North American: I.s
brought 475. 6d. per cwt.,
being an advance of Is. on the week.
Owing to the extensive transactions this week in PALM
OIL, amounting to 800 tons at £29, 10s. to £3O 10s. per
ton, higher rates are now demanded.
Looking at the prospects of the IRON trade generally,
(although some branches are depressed.) we speak advi-
sedly in stating that we regard them as wearing a-healthier
aspect than for some time past. The present prices for
Scotch Pig Iron are, however, lower; i.e. for goodbrands
535. 6d. net cash ; Gartsherrie No. 1, 555. fid. to 565.
The amount of business actually transacted in the mining
share market has been rather limited ; notwithstanding,
there has been an active inquiry for shares in many of the
leading mines, but sellers will not conform to buyers'
prices.
By the last returns from the Bank of England, the
amount of notes in circulation is £17,687,370, being a
decrease of £157,295; and the stock of bullion in both
departments is £13,822,681, showing an increase of
£156,199, when compared with the preceding return.
We learn by the Overland Indian Mail, which reached
London yesterday, that the import market at Calcutta
had been one of steady and progressive improvement,
though scarcely a satisfactory one to the importer, while
exchange was on the level of a bullion remittance. The
demand for Manchester cottons had been large, and Glas-
gow light goods remained depressed. The money mar-
ket had gradually assumed a more favourable appear-
ance. The supply of tonnage continued abundant, and
at the latest advices, the average rate of tonnage was for
sugar, £4 to both London and Liverpool. At Bombay.
the increased activity in the import market continued.
Money continued easy, and Government securities had
advanced in price. Cotton wool remained unchanged in
value. Opium had advanced in an unprecedented manner,
owing to the advices from China, and the very small stock
on the spot. The price of the day was 1,550 rs. 1,600 rs.
per chest, As the price of cotton offered no inducement
forahipments to England, rates were nominal. The WO
part of the vessels loading were going to China, and in
consequence of the 411111112eT oil the berth the rates conti,
i sued depressed,