The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1851-07-08 00:00:00

TIIE LIVERPOOL STANDARD.

were forwarded after the post-office delivery on Friday,
and answers received here the same evening, and went out
by the Pacific, which sailed for Liverpool the following
day. Thus, teleg-aph letters to New Orleans, written in
Liverpool on the 7th June, were delivered, and answers
be received back in Liverpool by the Ist or 2nd of July.
—New York Herald.

THE CALIFORNIA NEWS.—The confirmation of the
intelligence concerning the disastrous conflagration in
San Francisco and Stockton, did not produce as much
effect on the commercial interests of this city on Thurs-
day as was expected. At least, there is no apparent
alarm or perturbation in the leading commercial circles,
on account of that catastrophe. There is every reason
to believe, however, that it will have a powerful influ-
ence on the standing and position of all in this city, who
are connected with the California trade. Two-thirds of
the losses in San Francisco and Stockton will, undoubt-
edly, fall on New York. It will be some time,
however, before they begin to operate in such a man-
ner as will be palpable to the public eye. The great
fire in this city, in December, 1835, although it destroyed
property to the amount of twenty millions of dollars,
a►►d ruined half of the commercial men of that day,
did not show its effects until the ensuing May, when
the revulsion commenced ; and even then the first
break-down in consequence of it took place in New
Orleans. This was succeeded here by a movement
that smashed, in less than ten days, five hundred of
the principal houses in the city. A multitude of causes
combined to produce that terrible revulsion in commerce
and trade. Unfortunately, the recent calamities in Cali-
fornia are accompanied by a revulsion in the cotton trade,
which has been felt in New Orleans, and elsewhere in the
Southern States, to some considerable extent; and it may
be still further felt, if the price of that staple continues
to diminish in the great marts on the other side of the
Altantic. A little gleam of light on this overspreading
darkness, is, however, to be found in the cheering ac-
counts from the mines in California, which seem to in-
crease in wealth from day to day, as new discoveries are
made. If the northern mining region of Mexico could
be purchased from that decaying republic, at a reasonable
price, and annexed to the United States, we should have
a never-failing source of supply from those mineral
regions, which would place the commerce and trade of
this country beyond the influence of all future revulsions,
and all competition in Europe and elsewhere.—New York
Herald, June 24.

COMMERCIAL.

NEW YORK, Tuesday, June 24th, 1851

Since my last advices of the 17th instant, per Asia,—
Flour declined further 123 c. per barrel, but the improved
advices from England, per Niagara and Arctic, have given
more steadiness to the market the desire to ship, however, is
checked by the limited extent of ship room offering, and the
advance in the rates of freight. The exports for the week are
9,105 barrels for Liverpool, 3,987 barrels for London, and 4,938
barrels for Glasgow. The present prices are,fl3i per barrel for
good superfine this State and Western Flour. Good shipping
Ohio is at $3-1 to $4 per barrel. Of No. 2 a fair quantity has
been bought for England ; strict N 0.2 is at s3i to s3i, and not
coming up to inspection $3 to s3i per barrel, Canada super.
fine has been freely taken at $4 per bbl., and there is now not
much on market at that price. There is still no superfine sour
on the market. Southern Flour continues dull at 841 to 433 i
for inferior brands, up to 4} per barrel for Georgetown and
Howard-street, all from the quay.

STRICT LIVERPOOL CLASSIFICATION.

Atlantic.
6} to

Other
New Orlean:. Gulf Ports,
6i to 6 to

Inferior

Ord. to good ord 74 to 8 74. to 84 74 to
Mid. to good mid.
Mid. fair to fair lO to 104 11 to 12 104 to 11
Full fair to good fair lei to II 124 to nom.
Wheat has improved, in consequence of the English advices,
more than Flour, and I to 2 cents per busnel advance has been
paid; but the limited quantity offering has restricted business.
Fair Canada high mixed is worth from 95 to 97 cents per bushel ;
some parcels of superior quality were taken at 31 per bushel,
and more will probably be paid for further arrivals. From
want of prime Canada, Genessee has been purchased for Eng-
land at from Si. for common tip to 31,08 cents her bushel for
good white. Red Ohio sells for domestic consumption at 93 to
94 cents per bushel, and white Michigan is worth $1 per bushel.
The exports this week are 16,094 bushels for Liverpool.
Indian corn has advanced to 1 cent per bushel, and on
account of a large portion of unsound coming forward, it is
more difficult to purchase prime lots. Mixed lots is at 57 to
574 cents per bushel : round Northern yellow is in fair supply
at 583 to 59} cents per bushel. Some corn has been purchased
here for export to the South. The exports this week are 144,554
bushels for Liverpool and 7,177 bushels for Glasgow.
Cotton : The Arctic's news has produced a firmer feeling in
this staple, especially for the higher grades of it, which appear
to find ready sales at an improvement on prices paid currently
in the early part of last week. The business amounts to about
2,00 bales. In giving quotations we still refer to classifications
such as have been, until a recent period, the standards in
Liverpool, as it is probable that, at no very distant date, the
same will be again adopted there. At all events the scarcity
on this side of good grades, and the abundance of poor
qualities would, should we reduce " middling fair" to " mid-
dling," much embarrass us in finding any cotton on that basis
to answer to " fully fair" and "good fair," and compel us to
adopt new terms to designate the descriptions now classed
e "ordinary" and " inferior :"

Freights have advanced considerably; for Liverpool engage-
ments are making at 6d. to 6d. per bushel for grain, and
Is. 9d. to 2s. per barrel for flour; for Glasgow and London
flour is at 2s. to 2s. 3d. per barrel.
Exchange is steady at 1091 up to 1101, and even 111 for first
class paper.

stitution and Practice of the Courts of Equity. These
additions have been made at the suggestion of the House
of Commons, that two laymen should be added to the
commission, which, on its first appointment, included Sir
John Romilly, Sir W. Page Wood, and other members of
the Chancery bar, and Mr. Crompton of the common law
Several amendments have already resulted from the in-
quiries instituted, and a very comprehensive report may
soon, we understand, be expected.
THE BROMSGROVE AeID STOURBRIDGE BANKS.—A.
petition for adjudication of bankruptcy was filed on Mon-
day last in the Birmingham Court against the Stourbridge
firm of Ruffords and Wragge, and was opened on Wednes-
day by Mr. Commissioner Daniell. A second petition
was also filed on Monday against the Bromsgrove firm of
Rufford, Biggs, and Co., and was opened on Thursday
before Mr. Commissioner Balguy. Mr. Harward, solici-
tor, of Stourbridge, Mr. Scott, of Bromsgrove, and
Messrs. Motteram, Knight, and Co., are engaged in the
bankruptcy.—Meetings of the creditors were held at
Stourbridge and Bromsgrove on Monday and Wednesday
last, but the information as to the affairs of the firms was
very unsatisfactory, and it is feared that the assets will
fall infinitely short of the liabilities, which are stated at
about £200,000 to £300,000. The average amount of the
notes of these Banks in actual circulation during the week
ending Saturday the 21st ult., it is stated in the London
Gazette to have been—Bromsgrove, £10,731; and Stour-
bridge £11,032, being £12,331 less than the maximum
amount allowed by the Act of 1844. It is stated that the
real property of the partners is comparatively small, and
that over the greater portion of it Messrs. Glyn, and Co.
have security for advances.—To some, if not to all the
partners, it would seem that the closing was unexpected.
Mr. P. Rufford is in partnership with Mr. Walker in the
glass trade, in Stourbridge, and on the day previous to
that on which the bank closed he paid in, it is stated, to
the credit of the glass firm, upwards of £6,ooo.—Mr.
Francis Raiford is M.P. for the city of Worcester. The
dividend from the banks is expected to be very small
indeed.—Birmingham Gazette.