The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-03-07 00:00:00

THE LIVERPOOL STANDARD,

sufficient reply to any objection' which could have been
made to an adverse, vote, as being prompted by factious
molives. Those classes could not for a moment be sus-
pected of entertaining the wish to leave even a Whig
Government without the means of satisfying the public_
creditor, and maintainino.

GENERAL TRADE IMPORT.

LIVERPOOL EXCHANGE, YESTERDAY

Whatever may be the result of the present political
dissensions on the continent of Europe, there seems to be
a pretty general feeling against any interference on our
part in the quarrels of other nations ; and, although the
revolutionary principles acted upon by the Provisional
Government in Paris must be far from consonant with
the constitutional feelings of the British people, the desire
evinced on their part to restore, as speedily as possible,
the peaceful institutions of their country, combined with
the friendly feelings already expressed towards this nation,
warrant us in entertaining a confident belief that the world
may yet be saved from another reign of terror. Consols,
which reached their lowest point of 791 on Monday last,
have fluctuated during the week at a marked improve-
ment, and closed yesterday at 84 to 821 for money, and
821 to 84 for the account ; and, although but little dispo-
sition to speculate has been displayed in the different
branches of commercial enterprise, we may iairly hope
that the imminence of the danger is past. Yesterday, the
SHARE MARKET opened steadily ; a limited business was
transacted during the day, but prices were firm at the close.
As allusion has been made by a contemporary to Mr.
John Ridgway's commercial affairs, we may state that his
present difficulties arise, as much from the embarrassment
of others as from his own engagements. It is not true
that two-thirds of his assets are in New Zealand ; there
being only about one-third there, and the surplus on the
statement submitted instead of being £4OOO is upwards of
£lO,OOO.

all their efficiency and
activeness, the Institutioiii and Honor of the coun-
try. They asked only that the burthen of any measure
of direct taxation, which might be found necessary, should
be made to press more equally upon all classes.
The amendment of the honourable member for Cocker-
mouth—Mr. Horsman—would if carried, have fully met
the diffir- -se V "11

or the case ; and from a gentleman so
fully conversant, as Mr. Cardwell undoubtedly is, not
only with the feelings entertained by our mercantile clas-
Ses towards the imposition in its present shape, but as
well with its peculiar oppressiveness in the present condi-
tion of commercial affairs and of commercial men, a cor-
dial support to such amendment might have been
reasonably anticipated. Mr. Cardwell might have re-
membered that as a Liverpool man, connected with
the commerce of the port, and in the confidence that
in him they would find an excellent commercial states-
man rather than a mere party man, the exponent of the
opinions of this or that statesman, it was that he received
a large portion of the support which placed him in his
present distinguished position. We must not now con-
ceal from him the fact that, by his course on Friday night,
he has forfeited the good opinions of a large majority of
the constituency which so honoured him. Already, we
hear of movements making, and in agitation, with the
object of conveying to him an assurance of this fact. which
must be as painful for himself to receive as it will for his
many personal friends and the admirers of his great talent
to feel themselves compelled to join in.

In the Jamaica papers which we received last night, we
find considerable discussion as to the necessity which

now exists for a proper representation of the colonies in
the British parliament. We have not space now to enter
into the subject, and the following extract from the
Jamaica Dispatch of the 7th February, must suffice for
The justice of the arguments cannot be denied.
" Colonies will always be treated like poor relations of
the empire, till they have a voice in her councils.

A quiet, firm, steady market for CorroN yesterday,
plenty of cotton offering, and holders willing sellers, at
last week's prices. We may remark that holders do not
press sales, or force the market in any way. 5.000 bales
were sold at full prices. The following important infor-
mation relative to the import stock, and prices of Cotton,
we copy from Messrs. T. and EL Littledale and Co.'s cir-
cular, published on Saturday :
"The import, so far this year, has been 160,000 atrainst
187,000 bales in 1847. The trade has taken
.216,000 against

to-day

" The wail of colonial oppression finds no sympathy in
the bosom of a colonial secretary, and it is a slow aad ex-
pensive process to rouse the active good wAI of the people
of England—always busy with their own affairs. But it

be far of

it.rwise if -a
colonial member could rise in
lament, and put a question to the minister

has increased 20,000 bales from the lowest point this year, is
now 301,000 bales against 467,000 bales. A considerable im-
provement took place during the first two weeks of last month,
and prices advanced id. per lb. in the ordinary and milliting
qualities of American and. Surat, and id. in the better descrip-
tions.

Ills place in par

of the day

•` Colonies can never be viewed as integral parts of the
empire,' till they are permitted to have a share in the
government.
" Colonial complaints are doomed to pass through the
hands of governors to the colonial office, before they are
entitled to receive the attention of government; hence a
prejudiced governor, or colonial secretary, can do much to
obstruct or stifle such complaints, without being called to
account.

"The accounts from India and China by the last mail were
not satisfactory, and at the same time the advices from Ame-
rica were looked upon as more in favour of larger supply at
moderate prices, and the new landed Cotton paying a fair pro-

fit, was very freely offered; prices, under these circuniatatres,
gradually declined, and the advance above ouoted was more
than lost in the two succeeding weeks. Last week the sales
only amounted to 19,000 bales, and 18,000 bales have been sold
this week. Public attention has been fixed upon the extraor-
dinary political events of the last ten days. Trade in Nlanclies-

" Now that political changes are afloat, a fair opportunity
presents itself for all British Colonists to urge their right
to 7)e represented in the imperial parliament, as a strong
means of correcting the abuses which exist in the colonial
office. Such a change is now rendered practicable by the
rapidity and certainty of steam navigation, and need not
be allowed to disturb the present colonial system, further
than that imperial representation must be accompanied by
imperial taxation on each colony, in proportion to the
amount of protection given to it.

ter has been nearly at a stand, but the stocks of Goods and
Yarns are represented as being light, and prices are more
steady than cou'd have been expected: The sales in the five
weeks to this date, of which 63,000 were sold in the first two
weeks,. amount to 125,000 ba:ei:—speculation 10,3U0, export
4100, leaving an average of 22.000 per week for the trade.
"The following is the Table of Receipts and Exports from
the States to the 9th February :—

Ship'd to ivrnce
Gt. Britainl'

N. of 'Other I
Eu'pel F. Prtsl

Total: Rcpts Stcks

" The colonial legisfaiiiresorcouncils might remain as
they are, and send members to the House of Commons
as the stage legislatures of the United States send mem-
bers to congress. And if all the colonies together had
even as many members as Ireland, the rights of colonial
property would then—but not till as much
respected as the rights of property ii the Briti i't islands."

1848 2226801145306 41471 6.7.Wi71477282 9304031461584 9,,
1847 248274 1':497P 21247 42930 •417436 10027701501688 68
1846 376000 109000
89

by which it appears that the difference of receipts is still 72,009
less than last year (reduced from 92,000 bales,) by the previous
packet.

WEST DERBY AFFAIRS.—The annual meeting of the
Trustees and Commissioners of Waste Lands in West
Derby, was held at the office in Harper-street, Low-hill,
at ten o'clock yesterday. The business was confined
mainly to the receipt of applications for new enclosures,
the granting of new leases, and the renewing of former

he purpose o

at Bombay so inferior in quality as to be unfit to ship to this
country; prices have, nevertheless, given way id per lb., and
the market is heavy at present."
Our Worn. MARKET has been rather quieter curing the
past week, very few large sales are reported. Alpaca is
not much inquired for. Scotch is very very dull. Im-
ports for the week :—Foreign.—Bombay. 10, Shangae, 51,
Islay, 2159, previously, 14,733, to-al, 16,953. Scotch.-
477, previously, 2130, total, 2616.

. .
The COLONIAL MARKET generally speaking is not very
brisk. For Sugar there continues a good demand, and
sellers obtain stiff rates. The sales since Friday are about
5000 bags of Bengal and Madras, the latter at 335. to
375. Rum is not much inquired for, a few puncheons
haye changed hands, at a slight advance. Nothing new

to report in Molasses, holders are not anxious to realise,
and will not sell unless full prices can be obtained.
Coffee is again lower, and the Market is much depressed.
The Public Sales of Tea yesterday went off flatly, there was
no disposition_to buy, in consequence of which the sound

portion was withdrawn. The damaged sold cheap. Rice
continues quiet. For Pearl Sago there is a little more
enquiry. The Sales in Saltpetre are trifling. Owners
Want price, which cannot now be obtained.
—The markets in London have shown little animation
during the week, and th
very extensive scale. Sa,
when the

he transactions

been on a

chief exception to the general dulness. The market for
West India sugars, however, closed steadily on Friday at
fully 6d. advance on the prices of that day week. Ac-
counts from Mauritius, up to the 17th December state
that the prices of sugar then ranged from 28s. to 465., ac-
cording to quality. The shipments of sugar up to the
Sth Dec. represented 37,545,2691 b., against 52,407.2691 b.
at the same period in 1846. Freightage for England could
not be obtained under £5 10A.

--
The market for Scotch pig Item.: has been unsettled by
the continental news, and a further reduction in prices
'•' , •

Mired No.

475. 6d

No. 3, 455. to 455. W.
The English and hish Cons MARKETS at the close of
the week, were generally firm, with a .ilight advance in
the lendine. nrti,los of the Corn trade; which, stimulating

a more active demand in LIVERPOOL, Wheat, Indian
Corn, Corn Meal, and Flour, commanded rather higher
prices yesterday

The LIVERPOOL PROVISION MARKET has been pretty
liberally supplied .with butter dur ng the past week, the
arrivals, yesterday inclusive, being 6,112 firkins, 1.382
casks. Good and fine qualities are rather low in stock,
and consequently in low demand, realising extreme rates ;

'pluming auu IIIle! Oln co csa, --7
reduced in value. The following are the prices landed in
LiverpO.l:—Waterford, 88s. to 945. ; Kilkenny, Carlow,
and Clonmel, 88s. to 925. ; Carrick, 86s. to 88s. ; 'Wexford,
Carlow, 88s. to 893. ; Belfast, 88s. to 925. ; Ballymoney
and Coleraine, 86s. to 89s. ; Banbridge, 84s. to 88s. ;
Newry and Dundalk, 80s. to 82s. ; Dublin. Carlow, 84s.
to 88s. ; Sligo, 80s. to 86s. ; Londonderry, 82s. to 865.—
Bacon in good request. America% at 50s. to Ms. ; Irish
long middles at 60s.—Hams are not inquired for.—Fine

52s.—Arrivals last week, including yesterday : Bacon,
115 bales; hams, 6 hbds. ; lard, 8 tierces, 92 kegs.
The following sales of TIMBER took place last week :
American Pine Timber was neglected, save 33 logs Quebec
red, sold at 20d. per foot, the Quebec yellow offered having

were sold at 14i-d. per foot 9 • and 76 logs hemlock at from aid.
to 9d. per foot.—American Uak, of good size and quality, to the
extent of 150 feet, were sold nt 2s. 02d. per foot, and about 1,000
feet Nova Scotia, fresh and small in size, at ltd. per toot.—
American Spruce Spars, of inferior quality, were sold at 12d.
pet foot, siring measure.—American Deals: Quebecs, though
.offered by auction, were limited too high by the importer. 'two

It indicates considerable confidence. Subsequent letter,
from Paris tend to its confirmation.
Payment of the dividends on the French portion of the
Greek Loan has been authorised by the Provisional Go-
vernment of Paris.

The Banks of Lisle, Nantes, Bordeaux, and Rouen,
have all suspended specie payments.
At Antwerp, Brussels, Amsterdam, and Frankfort, the
respective Bourses have been closed, to avoid rash adven-
turing in stock kwbbing ; and at Havre, as well as other
places, business has been brought entirely to a stand.
The Branch of the Bank of France at Havre has suspended
specie payment, and the commercial Bank at Antwerp
has stopped business altogether : it is stated that this es-
tablishment will pay in full. The Directory of the
" Societ6 des Eflets Publics" of the same city, has decided
that operations in the public funds shall be temporarily
suspended. The failure of the banking firm of F. de
Kinder Theunissens has been announced; this firm will
not, it is said, pay more than 59 per cent. At Antwerp
and Frankfort general trade was all but suspended. Ap-
plications had been made at Antwerp, Bordeaux, and
Lille, for the Government to authorise a postponement
of. engagements due on the let inst. to the 15th, but
nothing definite had resulted. The committee of the
Amsterdam Blurse have completed arrangeMents for the
settlement of the account, to take place on the 13th inst.
Gold is very scarce in Havre. English sovereigns are
worth 28 to 33 f arcs each.

The commercial intelligence from India, by the Over-
land Mail, reached London on Saturday. At Calcurta
trade continued dull, and the money • market tight. Ex-
change is qu ,ted at. Is. 101(1. to Is. Hid. for first-rate
document bills at six months' sight. Freights have gone
up again, and are quoted at £6 15s. to £7 for dead weight
to London. Government securities going freely at a con-
siderable depreciation. At Bombay very little alteration
had taken place, and money was still very scarce. Ex-
change on England, six months' sight, ls. 10d. to Is. 101 d.;
three months, Is. 9.1. ; thirty days, Is. 8*(1. The writer
of a commercial letter from Bombay, in speaking of the
effect of the home failures at that place, sqs that it has
been comparatively slight. A third house had suspended
payment. but it had taken no one by surprise. Two or
three more failures are announed, and credit still appears
to suffer from the advice of extensive failures on this side.
The estates of Messrs. Lackersteen Brothers, and Messrs.
3. Wigotiolt and Co.. were to be liquidated by the pro-
cess of inspection. With rerercnee to the Union Bank,
it appears that the suin now to be made up by the share-

;104,1ur5.• after the total loss of their entire capital of
£1,C00,000 sterling, is estimated to be £77,500.
By tl►e last advice~ from Mauritius sovereigns. were 81
tl 9 per cent. pm., and British silver 5 to 6 per cent. pm.

Commercial accounts from the Australian colonies state
that trade was gradually improving, and that the exports
of wool and tallow, especially the latter article, were

have lieen atten

ied with the most successful results

LATEST IN TELLIGENC E.

THE FRENCH R

.EVOLUTION

The most important of the manifestoes of the
sional Government, that of M. Lamartine to the French
t f ireign courts, occupies the principal

diplomatic agent
attention in Pari
The National Assembly has been convoked for the 9th
of April. It is to consist of 900 members, elected by a
constituency composed of all Frenchmen above the age
of 21.

Tranquility everywhere prevails, nor do there appear
any indications of its being interrupted. It will be seen
from our foreign intelligence that the news of the Revo-
lution in France has created a great sensation in almost
every state in Europe.

"The estimate of the crop is generally 2,100,000 to 2,209,010
bales, though there are some higher and others lower. Prices
were much the same, and about on a par with our present The arrival of the Clyde steamer at Southampton, with
quotations. Shiuments to this country were progressing the West India mails, brings no account of improvemer t
slowly—only 25,000 bales in the last ten days; but the state of in use state of affairs in the colonies. The account of the
affairs on the Continent, may eventually give us a larger share
state of the progress of the sugar crop is certainly not
of the crop than would otherwise have been the case. ,
" EAsT INDIA. —The import so far this year has been 95.000 unfavourable; but the depressed state of the borne. mar-
bales against 9,500 bales i the sales 30,600 against 21,000; and kets holds out no inducement to excite energy in the
the stock remaining' 60,000 against 83,000 bales. '1 lie sales in manufacture ; it is highly probable, therefore, that the
the last five weeks have been 16,200 ha es. The last accounts aggregate production will fall short of that, of last season.
represented the new crop of Surat as having suffered consi- Commercial ratters had not in anv shame improved,
derablv from unfavourable weather, and the stock remaining
... ~„ ...,4,. ..„ ~,,.., ~;, ~,,_ . the whole of the colonies '

laving severely felt the effects
of the stoppage of the West India Bank. The only
ameliorating circumstance mentioned is the very low price
of provisions in some of the islands, which renders the
pressure of discredit less severe on the labouring dimes.

-Y EST EKDAY