The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-02-15 00:00:00

THE LI%IkPOOL STANDARD.

GENERAL TRADE REPORT.

The SHARE-MARKET yesterday was quiet, the public
generally waiting the result of the meetings now about to
take place. York, Newcastle, and Berwick, and Mid-
lands, were, however, in demand at higher prices. The
result of the meeting of the London, Brighton, and
South Coast, which took place at the London Tavern, on
Friday last, was very unfavourable, and this circumstance
has tended much to damp the market. The Times of
yesterday says—" The meeting of Brighton Railway
shareholders to be held on Monday must be regarded as
an important occasion, not so much on account of the
large interests involved in that company itself, but of the
effect which the proceedings are likely to have in giving a
tone to the numerous meetings of other railway bodies,
which during the next few weeks are to take place. As
far as we can understand the present excitement, it has
its origin in two causes—lst. a belief that large specula-
tive transactions have been lately carried on in the shares
of the company by parties having a priority of informa-
tion as to the state of its accounts • and. 2ndly, a natural
feeling of disappointment at the unfavourable result
which those accounts now exhibit. On the first head,
unless it be intended upon proof obtained to make some
specific charge, nothing can be done except to point out
in strong terms the evil which has apparently occurred,
and to exact from the board a distinct promise that for
the future every guarantee shall at least be afforded that
can be obtained by the most rigid precautions in keeping
the accounts strictly private ; while on the second head,
although there may or may not be grounds for disappoint-
ment and for some charges of mismanagement, we
imagine that the anger of the shareholders is scarcely
just, and that the main cause of the present adverse
balance-sheet is to be found in the fact that, on the
whole the accounts have been honestly kept, and that
they accurately represent the inevitable coneeauences of
those extensions to which long ago the company com-
mitted itself. The state of things with regard to
railway prospects which were predicted eighteen months
back has now come to pass, and the Brighton shareholders
may congratulate themselves, if they can find reason
to believe that in their case, at all events, matters
will not be rendered worse by any very gross attempt
to keep them under a delusion. To meet the present
accounts by an angry explosion would have the bad effect
of inducing the directors of other lines to defer by every
possible contrivance a statement similarly explicit.'
It may be mentioned here that no less than 84 meeting&
will be held in the course of the present and ensuing
months, of which the following will take place before our
next publication :—Barbadoes, Feb. 15 ; Ceylon, Feb. 15;
Glasgow, Dumfries, and Carlisle, Feb. 15 ; Dundalk and
Enniskillen, Feb. 15 ; Taff Vale, Feb. 16 ; East Anglian,
Feb. 16 ; Manchester, Sheffield, and Lincolnshire, Feb.
16 ; Great Western, Feb. 17 ; London and South West-
ern, Feb. 17 ; Northern and Eastern, Feb. 17 ; Northern
Counties Union, Feb. 17 ; Demerara, Feb. 18 ; Hull and
Selby, Feb. 18 ; London and North Western, Feb. 18 ;
Newry, Warrenpoint, and Rostrevor, Feb. 18 ; Birming-
ham and Oxford Junction, Feb. 19 ; Birmingham, Wol-
verhampton, and Dudley, Feb. 19 ; Buckinghamshire,
Feb. 19 ; East Indian, Feb. 19 ; Midland, Feb. 19 ; Bos-
ton, Stamford, and Birmingham, Feb. 21 ; York, New-
castle, and Berwick, Feb. 21 ; York and North Midland,
Feb. 21.

The continued demand for COTTON which prevails in
the LIVERPOOL MARKET has produced a very active trade
during the week, and prices have advanced id. to Id. per
lb. The business of Friday last was estimated at 5,000
bales, all for consumption. The imports for the week
are 8,309 from the United States ; 3,238 Brazil ; 930
Egypt ; 25 West Indies ; 4,368 East Indies ; total 15,870
bales. Our readers will bear us out in stating that in
our statements of, and remarks upon the position of the
Cotton Market for some time past, we have done ample
justice to the principal portion of both consumers and
holders. We have now much pleasure in stating that
there is good news for the consumers. A little more
patience, and our stock will be amply replenished. The
question of crop is settled. It will be ample for every
class and clime of consumer, and in a month or six weeks
will be available at our market. Meanwhile, the drain
upon our small stock may run up prices a little.
Nevertheless, whilst the new imports are leaving
a good profit, the old musty cotton long held back
but now being brought out, is losing to the owner from
2d. to 3d. per lb ; and this very fact ought to reconcile the
consumer to a temporary inconvenience in every holder
availing himself of his singular but unexpected position,
viz : having only in this port from six weeks to two months
stock of American cotton. The market was quiet, and not
quite so buoyant yesterday. Sales 5000 bales, at last week's
prices. The news by the steamer has not made the least
alteration in the market. The receipts are daily increasing
M the ports ; but few shipments for Great Britain. The
following is the comparative stock of cotton in Liverpool :

£428,645, which had been produced by the incrttise of
that amount of gold coin and bullion, the silver buillon
remaining unaltered. On the debit side of the banking
department the Rest had increased £77,04k8, the public
deposits had increased £402,860, the private or other de-
posits had decreased £469,060, and the seven-day and
other bills had decreased £6756, making the total of lia-
bilities £34,128,305. On the credit side, the Govern-
ment Securities remained unaltered ; the other securities
had decreased £433,313 ; the notes had increased
£434,610 ; and the Gold and silver coin had increased
£2795 ; which squared the account. The bullion in both
departments of the bank had increased from £13,390,314
to £13,821,754, being a difference of £431,440. The
paper in actual circulation, including the seven day and
other post bills, had decreased from £20,046,893 to
£20,034,172, being a difference £12,721.
In Paris, on Thursday, the Times correspondent says,
"the public did not yet appear to feel the perilous im-
portance of the stormy sitting of the Chamber of Deputies
on the preceding day, still the opinion generally expressed
was with the opposition." On the Bourse attempts were
made to support prices, which partially succeeded.—The
Bourse was much agitated on Saturday. It was said that
the Opposition encouraged a proposition to hold a mon-
ster public meeting on the plain of Monceaux, under the
walls of Paris, on Sunday ; but, as the law is decidedly
against sach a demonstration, it would hardly, if attempt-
ed, be suffered.—The Three per Cents. closed on the Paris
Bourse on Saturday at 74f. 20c...4. New Loan, 75f. sc. ;
the Five per Cents. 116 f. 15c.

LATEST INTELLIGENCE.
(BY EXPRESS.)

LONDON CORN MARKET.—YzsTERDAY

English Wheat mat a steady sale at the currency of this day
week.
The demand for foreign is still limited at former rates.
No change occurred in the value of barrel Flour. _

Indian Corn on the :Tot is very dull, but there are still a few
buyers of floating cargoes of good quality near at hand, say
about Its. for Ibrail, and, 335. for Galatz. _

Malting and distilling Barley the turn in favour of buyers,
but grinding is not cheaper.
Malt and Peas in slow consumptive demand.
Egyptian Beans are Is. to 2s. lower.
Oats Is. per quarter under the current rates of last week.

SMITHFIELD CATTLE MARKET.—YESTERDAY.
The Beef trade was lower by 2d. per 81b.
For Sheep prices advanced from 2d. to 4d. per 81b.
In Calves and Pigs last week's currencies were maintained,

THE BISHOP OF OXFORD AND DR. HAMPDEN.

The following correspondence has taken place between
Dr. Wilberforce and Dr. Hampden, in reference to the
postscript of a letter to the Rev. Dr. Faulkner, of Cam-
bridge, in which Dr. Hampden denied that he had made
any such concessions to the Bishop of Oxford as the
Bishop of Oxford had implied in a letter which appeared
some time since :

" Cuddesdon Palace, Jan. 23.
" My Lord Bishop (Elect),—My attention has been called to
a letter bearing your signature and addressed to Mr. Faulkner,
which has appeared in the newspapers. As no contradiction of
its authorship has to iny knowledge been made public, I imagine
that I am not wrong (notwithstanding its unusual lauguage) in
attributing it to you. I beg, therefore, to call your attention
to its postscript, and to request from you an answer to my con-
cluding question.
" I withdrew the 'letters of request' against yon in conse-
quence of an assurance from your own pen, that you were not,
during the two years to which the Clergy Discipline Bill limits.
your responsibility, answerable for any circulation of the
'Observations on Religious Dissent,' the only work which, in
my:judgment, could have subjected you to ecclesiastical penal-
ties for uttering false doctrine. I must therefore beg you to
inform me whether the words to which I have called your at-
tention are intended to deny the truth of that assurance, which
was conveyed to me in the following words as your own :
" It is with no sanction of mine, and, indeed against my
wish, that any copies of the first edition of my ' Observations
on Religions Dissent,' are now sold and circulated ; in fact, I
have not put forth any copies even of the second edition, since
the time of its publication, and this is out of print so far as
my, knowledge goes. Some one, therefore, must have been
giving, I conceive, a fresh publication of that also without my
leave. —I am, my Lord Bishop (elect), most faithfully yours,
S. OXON.

•The Lord Bishop of Hereford (elect)."
" Hyde-park-gate, Kensington, Jan. 26.
"My Lord,-4 did not authorise Mr. Faulkner to publish my
letter to him, nor the Provost of Oriel to communicate to your
Lordship' the note to Mm, from which you have' extracted the
passage contained in your letter of the 24th inst.
"Each was intended only for the person to whom• it was ad-
dressed. I regret that either has gone further.
" The statements contained in my note to the Provost, and
extracted from it by your Lordship, are of course perfectly true;
I never denied or wished to deny them, but I never desired or
even contemplated their communication to your Lordship.
" I. have the honour to be, my lord,
" Your lordship's faithful servant,
"R. D. HEREFORD.
"The Lord Bishop of Oxford."
The Provost of Oriel College, Oxford, the " common
friend" of the Bishop of Oxford and Dr. Hampden, has
published two letters in which he shows that Dr. Hamp-
den never intended such a revision of his Bampton lec-
tures as would imply a recantation of any statement, but
simply " a readiness to remove any obscure language
which might have given rise to an impression that they
contained unsound doctrines whioh he had not intended'
to put porth."