The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1851-03-04 00:00:00

March 4, 1851•

COMMERCIAL AND MONETARY REPORT'

The Share Market b 55 been in an animated stag
week, especially since Thursday;. since which day Prices
have steadily advanced, and there has been daily a IP'6l.
business. Prices to-night close at the highest point of
year. Midlands, York and North Midlands, and Dover*
particularly good. We annex to-day's quotatiOns
Aberdeen preference, 84 ; Birkenhead L. and Chesb. IP
id ; late Ches. and B'head, 201 1 +; £22-shares,
Bolton C. and W. York, No. 1, 61 ; Caledonian, 12 ;
Chester and Holyhead, 23 ; Do. preference, 1641;
Lancashire, 15+ I ; Edinburgh and Glasgow. 351 `"
~.)
Leeds, 58 9 + ; Do: Fifths, -7d; Do. do. (West R
sid ; Leeds and Thirsk, 151 16 ; Liverpool Crosby 03,
S'port, k +l3 ; London stock, 132 + 2 + at ; new Quarter.,
6kp ; Do. Fifths, 6k p; Manchester Sheffield and
coin, 34 k ; Do. Quarters, 14+ ; Do. preference, 11 15-P ;
Do. £6 preference, 1p ; Midland, 631 f LAI;
Halves, 14+ 1-16 14d ' • North Staffordshire, 6id ; Dior
Western, 111 d ; Old Dovers, 271 + ; South Stalfor'i:
shire, 2k ; York Newc. and Berwick, 22; York and NortL)
Midland, 25k I 6 51; Dublin and Belfast Junc. 2lt;
Royal Bank, 298 k ; Liverpool Insurance, 4kp Royal"
,-:urance, Ip.
The prolongation of the Ministerial crisis caused ,t_l
English il!rlds to remain dull during the past week,
after the Bank C-Ofitt on Thursday, the market received,:
temporary impulse, from a nttice that the usual quarter
loans on Government SeeVrities. will be made at 21
cent. This course of making adiances upon stock dor' 5
the shutting. at a rate lower than that for discounts
not new, but, coming after the recent positive t,,,e11° ej
about a further rise, it had a reassuring effect. LA',Ol
,4
doors also, during the past week, Money has been 010'"
abundant.
ti
Business in commercial circles continues extremely Aut
consumers only buying to satisfy their' immediate wan",
The uncertainty of the budget causes untiSingss, partial:l
larly amongst those concerned in coffee. The unset%
state of the Ministry perhaps never exercised so
influence on' our markets,—the unanimous'oiiinion bel
alf
that any change must be for the better, and' the c'
consolation that commercial men have, in case the 10;s
Ministry are restored to office, is that it will 01°0
assuredly he for a very limited term, probablit only' und
October, when the country will have an opportiinit,lL
expressing their opinions upon the leading sublectsnt
day.

In the Cotton market on Saturday there was a very flit
inquiry for Cotton, the market being firm at the (Iticil
tions of the previous day. The sales amounted to- 5•
0';
bales, comprising 500 Egyptian, 300 Brazil, and 45( Surat'
the remainder being American. 500 bales were takea:%
speculation. To-day the sales were 8000 bales, of wh!cre
1501 J bales Egyptian, 500 American, and 300 Surat, vie.ry
taken one speculation. The market closes firm, spike ,#
evincing no desire, at the present high prices, to inero 8
their stocks. Sales have been effected at prices aOw
lower than those of Friday last.
MeTshsre
s followingan
dLi remarkstti e fromd aie,
whichthe ownatsh Ipyu
bciiirschuelda
rO.
day, will be read 'with unusual interest at the pregel
moment: Oct
"Though asliglit improvement has been shown inthe clenll;as
for certain articles of produce during the past month, it fiat
varied little from the previous one in thegeneral dulnesavP.ot.
has pervaded business. This check is felt the more from bed
so totally at variance with the bright anticipations entertainer
of 1851, and from the fact that the population of the country
large is well employed, and with abundance of cheap fo
deliveriesthat
aformocorensaucintipvteiontradheavweililncsrheoasrteldy,foainiodwwoleo+ed
the hands of the trade are acknowledged to be heti,
The
at
"The sudden and unlooked-for resignation of the minis_„o.
followed by the thus far insurmountable difficulty of re-Y4l
strutting a Government of any shade of politics, with sufficTio
power to carry on the legislation of the country, has had,
Influence in suspending business, bat the effect has been ett,
paratively trifling. The probabilities are in favour of Lord
Russell aFain resuming office, or some other leader of the W
or Peel party, and, consequently, no change is to be anticiMbe
in our present commercial policy;' but it is questionable if „<
changes in the coffee duties proposed in the late budget 7e,
carried out, and the article is held in abeyance its consequen of
" The apprehension, from the gradually declining stock
pe
bullion, that the bank would advance the rate of interest ot
cent. has bean revived for the last two weeks ; but we cao:,, 10
see the necessity, so long as the reserve of notes is on 'is
increase, and the supply of gold continues from the West.,4,,
a confirmation of this opinion it may be noted that the c 104,1
tors gave notice on Thursday that the quarterly loans advart'a
on Government securities will be reduced to 2i per cent. duffed
the shutting of the stocks. Foreign exchanges have not Iv
much, but are slightlp more favourable to this country. t
rates of discount are not higher than at ourtast, but the feeo`,",el
above noted keeps the market firm, and the demand for 00"
is considerable. °
, f
"The stock of bullion is £14,435,537, being an increase
se
£157,000 from the lowest point of the month, and the reloo,
of notes now reaches -t'o,o4o,o7o—showinr an excess of a mil
compared with therreturn of the Ist Feb."'"
We quote the following from the monthly wool cite°
of essrs. W. reame and Co. o this t de.
" The past monG
th, opened with of fair demand for mos 05
scriptions of Foreign Wool and a considerable business ,te.
ho
been done both by private and public salerwitut any °root
rial variation on previous current rates. At our public 01010
6th and 7th ultimo, about 2,000 bales Colonial and 2,000 id at
Foreign Wool were offered, and the greater part were so, tie
full prices; these sales were followed by the first series of fed
London auctions, which commenced on the Nth and terms boles
on the 25th ultimo; the quantity offered was about 23,000 -es,
Colonial and Foreign; there was a fair attendance of ini'less
and the sales opened steadily; towards the close, however bed
spirit was mainfest,arstlareduction of Id. perlb. was estab jet o
on last December rates. On the 27th ultimo-another s,efietti,"
auction sales took place in this market, but owing to ",,irit;
settled state of political affairs, the competition was vellZolt
less, (except for tine Buenos Ayres, in dernandiar the. s
and Belgian markets,) 2,000 bales were brought forward, CD'
consisting of Buenos Ayres, East India, Russian, TurkeY,B'efe
of which about 700 bales were sold and the remainder nee
withdrawn; sales have, however, since been made by P,r,l;isis
contract at improved rates. Should the present polittc!'4,er-
be satisfactorily settled, we see no reason to alter tbe,..'sof the
able opinion previously expressed as to future prospects
market." ket4
The following account of ' the Manchester ra_garso.
during the past month is from the circular of xe
Robert Barbour and Brother : „od
" Last month closed width dull aspect, and things con!' dani
to get more and more depressed until the arrival of the in oat
mail on the 17th instant. The accounts from -China lloble
opportunity being of a favourable aspect, ledla.conside ,ter,
purchase of goods and. yarns adapted for-that clusloo,
which gave a turning point to the market.. Spinners, lore
having nearly exhausted, their stock of cotton; bought -rice,
freely of the raw material, which has since improved i P
and imparted a greater degree of firmness to -things her:,,-,;(,•lo
large business was done last week at low prices, -but torgcs,
the change of ministry, and the unsettled state• of 1%); Ole
there is but little doing at present. Prices, includio,• ce
reduction of last month, have receded about 10 per cent• si
thecommencement of the year.Y

lea fewer than fifty vessels, laden with foreign C"AVM
arrived in four days last week at Cork. mot
Messrs. Spicer and Clowes are preparing four dis"tt
catalogues of the Exhibition—two in English,. one 1
French, and one in German. hot,
Fourteen waggons, each containing one ton of S'Af
arrived at theChrystalPalace in the beginning of thecre'es,
the shot being intended to be used in testingthe gagerla
Mr. Croall, of Edinburgh, is stated to have invent,e;ct
safety carriage, upanan entirely new construction, viaso
can be safely and speedily stopped from the-inside. in c'of
of danger. Several scientific parties -highly approire

the invention.
Mr. J. F. Stanford has given notice-that' he will o°ml
in the House of Commons, that the Papal aggressioriie,
of Lord John Russell be referred to a joint corolli.:res9
selected from both houses, and that no further pre"itj
be made in the matter until that committee-has Ma'"

report. .
tlll2.
THE ABERDAP.Z CGAL.—The Cambrian. saj S that fiCh
splendid mass of coal, weighing nearly twelve tons,
in one of the Abernant coal-pits, for the purpose of u'itig
forwarded to the " World's Show" of 1851, on .be
placed upon a tram for the purpose of being carnal,
theoshaft,
preparingbroket aao.pioetchess;
p 0
yoce .he men
w, 0
IMPORTANT ADDRESSES Alsla.: ,RESWIIITIONS.--77teet
meeting of the London Protestant Defence itt
now
oct
actively
in London on Wednesday, lertt Ashley, M•r-*/e'
the chair; it was announced thatthe address to the 01"01
ly unfortunatelyen gag( d in
on the subject of the Papal aggression and Tracterlto
principles and practices, prepared and circulated by eof
committee, .had been signed by 65,:peees, 109 mewherot
the House a Commons, and 317,51Sother layment‘ ;fed
the eorrespendine address to the paimate, had rectr
239,679 signatures ; and that there are now fifty-riseloeolo'
Protestanf defence committees in. England. Itiwas erg
sidered that. at the present juncture of affairs with re4e to
to a ministry, and under the uncertainty which existsttltio
what further steps may be taken in regard to. 1egi5.1,1\04
measures upon the subject of the Papal aggression, "0, re,
the duty of the committee to circulate the followine
solution, unanimously adopted. by them That
committee is deeply grateful to Lord John Dliettar
' for the expression of the principles laid dawn in his; trO'
to the Bishop of Durham, and, in his speech on the ,0 51.,
duction of the bill to prohibit the assumption ef
astical titles ; that it fully concurs in hie_ lordship s -u'ipe
elusions, that the Bishop of Rome seeks to ass4ife
territorial power in this kingdom ; and that the aggri' ,
s"7l
character of the policy of Roma demands parliaTePoo`
restraint : and further,.not doubting that the intautio,
the bill is to suppress this assumption on the partolo,'
Pope, this committee would yet strongly urge 00 PO
mount necessity of-amending the provisions of the osl
so as distinctly to.prohibit the exercise of any. torritllol/
office or authority.in the unite.' kingdom,underdeleg.°o
from the See of Rome, and to prevent the exer,V4ll°
synodical action on the part of the Romish clergy. the
further consideration of the principal object for whicl:4o
P
committee was constituted, namely, to endeavour to Yip'
ot
pel
oCs huo rnehd...porfaEotnigoolasndhafsrobra Teonrancetostressiaanrinire poltsitepsonines ble
the more immediately pressing urgency of that relatingr
the aggression from without : but it is the serious illO
,4
tion of the committee to devote their continuousatte,'ort
henceforward to this important branch of their lau",bo
on which they earnestly desire the blessing of
God.

LIVERPOOL

TUESDAY, MARCH 4, 1851. ,11411)
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