The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1851-05-20 00:00:00

Beans

Maize
Buck Wheat
Beer or Bigg

Wheat Meal or Flour
Barley Meal
Oatmeal
Pea Meal
Indian Meal

A million and a-half in a month ! Will any'of our po-
litical economists tell us how this large import is to be
paid for ? A million and a-half of imports of grain and
flour in a month ! and this with prices more than 109. per
quarter below what free traders assured us would be the
ruling price ! We firmly believe that not one of these
very wise people have the slightest notion as to what is
the lowest price at which we shall be supplied with grain
from the superfluity of other nations. In the meantime
we would remind them that such supplies are being paid
for in gold money, or Bank of England notes. which are
the same thing ultimately. A necessity is being created
for from ten to fifteen millions of additional exports; and
where these are to be sent to, with the slightest hope of a
profitable return, it would puzzle most people to tell. In
the absence of an increased export demand for our goods.
we shall be driven upon a monetary crisis, for which let
all sensible and prudent men prepare themselves !
By private advices from New York, by the last packet,
we are led to anticipate a further reduction in the price of
breadstuffs in this country as the result of large coming
shipments of flour from Canada and the United States.
For some months past our supplies from these countries
have been on a reduced scale. The large stocks, however,
now pressing down to the ports are far in excess of any
demand which can arise for them, except from Europe;
and as the result, the price of flour in Arrerica is expected,
in a very short time, to be -84 per barrel, if it is not even

tower.
There is still an evident absence of that confidence
which is so essential to the carrying on of commerce,—
and we have to report another quiet week. Whether this
arises from the want of a strong government, or the grow-
ing convictions of the untenable position of our present
free-trade policy, it is difficult to say ; but we feel very
sure that we shall have little improvement to record till
such time as both these momentous subjects are adjusted.
On Saturday, there were 100 hhds. Barbados sugar sold
at 37e. to 425. Gd., and 1000 bags Bengal at full rates. To-
day, a further quantity of 140 hhds. Barbados have been
disposed of, at rather lower rates,—ruling from 355. 9d.
395. 9d. 250 casl's of West India molasses have also
been taken, at 16s. 3d. for Barbados, and 16s. Gd. for
Antigua, ex ship.
The desire to sell in the early part of last week on the
part of holders of cotton was very general, and prices
declined Id. per lb. On Wednesday, however, the trade
made their appearance, and bought freely, which relieved
the market, and it closed on Friday noon at a decline of
d. per
r lb. oni
ntgb e
uppre previous Friday's
On
prices,Fridayt e salesBooo
of ew ee onlymksu m
bales were sold, but on Saturday there were few buyers,
and the sales only reached 3000 bales, at a decline of ;Id.
per lb. The Asia, steamer, arrived late on Saturday
night, from New York. By her advices the receipts had
again increased some 15,000 bales, but they report bad
weither and frost in the south, and prices had rallied
some little. This news was expected to cause a rally in
this market, and this morning it opened with very great
firmness, many parties withdrawing their cotton, and
sales, in some instances, were effected at rather higher
prices, but the improved tone was soon lost, parties gene-
rally being hard of belief. The Pacific is looked for
to-morrow, and till her arrival there will be little done.
The present crop is now generally settled at 2,300,000
bales. The following are the movements of the present
and two preceding cotton crops, as made up in New York
7th May, being the thirty-third week of each season :-
1851--Receipts, 2,061,870 bales ; exported to Great Bri-
tain, 958,282 bales ; stocks, 483,185 bales ; loading for
Great Britain, 75 vessels. 1850—Receipts, 1,832,528
hales; exported to Great Britain. 692,994 bales; stocks,
504,401 bales ; loading for Great Britain, 75 vessels.
1849—Receipts, 2,437,768 bales ; exported to Great Bri-
tain, 1.164,410 hales: stocks, 537,749 bales; loading for
Great Britain, 115 vessels.

NEW CONVENT AND AIASS HOUSES.—A new " Con-
vent of the Infant Jesus" is about to be established at
Northampton, and two new mass houses have been " con-
secrated" by Dr. Wiseman, " with great pomp and
ceremony," at Islington and Clapham.
Loan STANLEY'S DINNER PARTY.—On Saturday
evening Lord Stanley entertained a select party at dinner,
at his mansion, St. James's-square. The guests were
Lord March, Lord Chesttrfield, Lord Besborough, Lord
Witten, Lord blasgow, Lord Airlie, Lord Clifden, Lord
George Manners, Colonel Anson, Colonel Peel, Sir
David Baird, &c.