The Liverpool Standard, and General Advertiser.
Liverpool, Merseyside, England, 1854-07-04 00:00:00

which ti

ToNANS
f T

ained,

somewhat

COMME RCIAL

fONETARY

NE WS

The accounts from the seat of war have been of a
favourable character ; trade in the manufacturing
districts is showing evident signs of improvement;
money for commercial purposes has not been in
great demand ; confidence in the prospects for the
future is well maintained ; the rates of foreign
ex-
changes have been steady, and the stock of bullion
in the Bank of England has increased to the extent
of more than three quarters of a million. The
latter circumstance may be attributable in some
measure to the recent arrivals of gold from Aus-
tralia, as well as to the diminished demand for ex-
port to the Continent ; but without allowing too
much weight to circumstances which may be con-
sidered to be adventitious, it will not be denied
that the prospects of commercial prosperity are
more favourable than they were a short time since.
It is now generally admitted that the course pur-
sued by the Directors of the Bank of England has
operated beneficially, and as the approaching pay-
ment of the dividends will still further tend to
render money easier, it is hoped that before long a
movement will take place in a contrary direction

3y a re

,uction in t

iscount

Nothit

has yet occurred to weaken the hopes entertained
of an abundant harvest, and as the experience of
the war has shown that very little hindrance is
offered to commerce, except that which was carried
on immediately with Russian ports, there is no
apparent reason to apprehend any serious derange-
ment of those gigantic mercantile transactions in
which Great Britain is engaged. _ _

In the cotton manufactuiing districts, the ac-
tivity which we noticed last week has been since
continued with still further improvement in prices,
and as stocks must be light, owing to the long
cessation from work of so many operatives, in-
creasing demands may be looked forward to. The
recent application of the lower qualities of cotton
to the manufacture of canvass and cordage for

shipping must also have a stimulating effect on the
market, as shown during the past week in the
large demand for Surat cotton of qualities ruling
at 3d. per lb., a change which may also operate on
the demand for Russian hemp, for which this cheap
cotton is partially a substitute. In the woollen
districts there is an improved demand for finished
goods, though the high price of the raw material
operates as a check upon manufacturing activity.
The hosiery and lace trades are slightly better.

The return from the Bank of England for the
week ending the 24th of June gives the following
results, when compared with the previous week :--

Public deposits
Other deposits

£4,852,805; Increase £1,640,423
10,114,383; Decrease 399,108
3,202,523; Increase 8,270

On the other side of the account—

Government securities £9,851,250, Increase £130,751
Other securities ... 15,584,007; Increase 209,770'
Notes unemployed ... 7,518;400; Increase 845,720'

The amount of notes in circulation is £19,614,235,
being a decrease of £86,340; and the stock of
bullion in both departments is £13,869,975, show-
ing an increase of £760,598,when compared with the
preceding return.

ISSUE DEP

RTMENT,

Notes issued ... £27,132,635.G0vernmt. Debt £11,015,100
Other Securities 2,984,900
Gold coin & bu11'n.13,132,635
SiMr bullion

£27,132.,635

BANKING DBPAVRTIKENT,

£27,132,635

Prop. Capital ... £11,553,0001G0r. Securities £9,851,250
Rest 3,202,523101 her Securities 15,584,007

. _
- -
Public. Deposits 44352,805 Notes ... 7,518,400
Other Deposits 10,114,383 Gold & Silver Coin 737,340
7-day & other bills 968,268

£33,690,9971

£33,690,997

—We

5:13,6~

and (

North America, cc

The consumptive demand is only mode-
ate, and the trade are not disposed at present to
buy at the prices required by the importers.
Of Baltic Timber the arrivals during the month
are 9 vessels 2961 tons against 29 vessels 7942
tons for the corresponding period last year. A
cargo of Memel sold at ls. 104 d. per foot ; a cargo
of Dantzic, from the yard, sold at ls. 11d. per foot ;
and some undersized at ls. 41d. per foot ; and
whitewood at is. 4d. per foot. In Mahogany,
Cedar, and other fancy woods nothing doing.

METALS.--The Staffordshire Ironmasters at their
preliminary meeting on Thursday decided upon an
advance of £1 per ton on manufactured Iron.
This has not, however, had any effect upon our
market here, owinc, to its having been for some
time past anticipated, the Staffordshire manufac-
turers having refused any orders except at prices
to be decided upon at the quarterly meeting. Prices
of Scotch Pig Iron continue firm, with the proba-
bility of an advance, in consequence of Stocks hav-
ing diminished fully one-half since Christmas last,
the total stock in Scotland at present being only
from 110,000 to 115,000 tons.

BIRKI

two hands

HEAI

CHT CLUB

1 Wee Jessie, sloop, 2 tons, Hamilton Laird, Esq.
2 Champion, do. * do. J. I. Bishop.
3 Nama, yawl, 2 do. W. J. Conlan.
4 Squib, sloop, 3 do. J. A. Clarke.

The S

like a good om .
rounded in the following order

Ind cut

we corner,

Wee Jess
Scinib

4.25.30
4.26. 0
4.43.45

THE LIVERPOOL STANDARD, AND GENERAL COMMERCIAL ADVERTISER.

'The prize was an elegant timepiece or tne
value of £lO. A great concourse of spectators assembled
to view the contest, for which the following yachts were
entered :

The Nama, though entered, did not start. The tiny
Champion, just big enough to contain Mr. Bishop, her
builder and owner, who is also the builder of the Spirit
and the Electric, was earnest and bold in the sport, and
afforded much interest throughout the day. The Squib is
a uew model, constructed by Mr. Morrison, j un., is 19ft 7in
by sft 74in on the beam. Her lines are graceful, and her ap-
pearance on the water is light and elegant. The Wee Jessie
is 19 feet 2 inches in length, by 5 feet 74 inches on the
beam, and was built by Mr. Hicks, of Birkenhead. She is
of a model suggesting power combined with beauty, the
former being apparently her more prominent quality.
The course selected for the match was one which, starting
from the east end of the great float, rounded a flag boat at
its western point, returning to round a flag boat off the
Emigration-wharf, repeating the course as far as Mr.
Laird's yard, off which was the winning flag boat. The
wind at starting (3. 23 p. m.,) was a steady breeze from
W.N.W., which gradually fell lighter. The Squib and the
got first off, the Champion being slightly delayed.
ib took the lead and kept it to near Poulton,
cleverly passed her, rounding the west flag

,ter from ti

says,—T

the country as to the opinion of Europe upon the policy of
their Government, have stated that Pope Pius IX. had
openly expressed his wishes for the success of the arms of
the Emperor Nicholas. We shall confine ourselves to the
duty of recalling to recollection the fact that the Holy
Father, having had occasion, scarcely two months ago, to
communicate with the Ottoman Government upon the
subject of the Armenians residing at Constantinople, ex-
pressed himself in regard to the Sultan in the most flatter-
ing terms.

" Upon a more recent occasion—the anniversary of his
accession to the pontifical throne, when receiving the
homage of the Ambassador from the Emperor—the Holy
Father renewed to that envoy the assurance of the interest
with which he followed all the measures of French policy,
and the expression of his hopes for the happy issue of the
war in the East.

" The sentiments of the Court of Rome could not be
left in doubt upon the question where morals and policy
were so completely in accord ; and when the Russian press
thinks it right to dist

cause, it ought, in the first
attention to probability."

stance, at

to support its
ist to pay some

INSURRECTION IN SPAIN.
• a considerable force of cavalry, forming part
on of Madrid, rose in insurrection to the cries
g live the Queen," and " Death to the Ministers."
Generals O'Donnell, Dulce, Roedelaux, and Merino were
at the head of the insurrection ; and Brigadier Schagne
followed the insurgents, who left Madrid, taking the route
of Saragossa.
The people took no part in the movement.
The following day the Queen and the Ministers returned
to Madrid, and were received with loud acclamations as
they passed.
An official Gazette was immediately issued containing
decrees depriving General Duke of all his titles and dig.
nities, proclaiming a state of siege, and appointing a
military commission. A large force has left the capital to
dislodge the insurgents, who have taken up a position
between Forreiac and Alcala.
The troops remain faithful, and exhibit much loyal en-
thusiasm. The news from the provinces is good, and the
success of the Government certain.

of the garrisc
of " Loi

BY ELECTRIC TELEGRAPH.

:.MONDAY EVENING, JILT 3.

LOND'ON.—After official hours markets generally better,.
Consols closing 93i j. On 'Change : Tallow, 655. 6d. on
the•spot, and 675. 6d. to arrive. Scotch Pig Iron firm at
88s. to 995. 6d. Spelter, £2l ss, to £2l 108. No sales in
Cotton. A large cargo of Havannah reported to be sold,
but prices did not transpire. French funds telegraphed

AUSTRALIA.
The• Alfred, from Geelong, has arrived with 10,378
ounces,of gold; advices anticipated:

THE WkR

THE BALTIC.

The greater portion of the fleets is near Cronstadt. It
is believed' that a reconnaissance is the•object rather than
an attack..

No lateraecounts from Turkey or the -Black Sea.

Letters state that Generals Gortschakoff and Luders
are not dead, but were both suffering severely. Paskie-
witch was also in a very bad state of health. General
Schilders lies left the whole of his property to the wives
and childrem of the men who fell before Silistria. 20,000
weapons of different descriptions and a number of Russian
prisoners have been sent from Silistria to-Sehumla,