The Liverpool Standard, and General Advertiser.
Liverpool, Merseyside, England, 1854-08-15 00:00:00

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HE LIVERPOOL STANDARD, AND GENERAL COMMERCIAL ADVERTI

CO3I3IE.RCIAL 4

TITERE has

IfaNETARY NEWS

MONDAY NIGHT.

been a gradual improvement in the

ring t

ek, the Funds having

advanced in value almost daily. This rise may be
attributed to the more favourable accounts from
the seat of the war, comprising the evacuation of
the Principalities by the Russian troops, and the
avowed determination of the Austrian Government
to co-operate with the Western Powers in refusing
to negotiate terms of peace without the concession
of guarantees for the future peace of Europe. The
favourable weather for the harvest has, however,
had a more important effect, and there is also the
declaration of the Chancellor of the Exchequer in
the House of Commons, that the financial resources
provided will be sufficient for the present emer-
gency. All these circumstances have contributed
to strenFthen confidence, and the effect has been
evident in the improved value of almost every des-
cription of investment. For commercial purposes
money has been comparatively easy ; but the im-
provement in trade generally will, no doubt, lead
to an increased demand for discounts ; yet should
the market not be disturbed by any fresh demands
for bullion for exportation, there is no reason to
anticipate any enhancement of the present rate of
interest, particularly as further receipts of gold
may be expected from Australia.
The Corn Markets during the week have shown
a slight advance on Wheat, accompanied by a re-
duction on Flour ; but this may be attributed to
the reaction after the recent sudden fall, in which
Wheat suffered the most considerably. Nothing,
however, has occurred to weaken the general ex-
pectation of an abundant crop. The reports from
most agricultural districts concur in stating that
Wheat is very superior both in quantity and qua-
lity, and we have also similar accounts from Ca-
nada, the /Wed States, and other corn-growing
countries. Wer these cirsumstances, there is
every reason to anticipate ample supplies, and this
feeling is evident in the increasing activity in
other branches of trade.

Arrangements are being made, it is said, for a
Turkish loan, in order to assist the Sultan in car-
rying on the war, and no doubt the project will be
favourably received in this country. It will be
remembered, however, that a short time since a
similar contract was entered into, when, owing
to peculiar circumstances, arising from the preju-
dices of the Mahomedans against monetary trans-
actions with those of another faith, the Sultan
refused to ratify the bargain made by his ambas-
sador, after the first instalment had been paid, and
the money was returned. This, under ordinary
circumstances, would have militated against any
new attempt to raise a loan ; but, owing to the
strong sympathy felt for Turkey by almost all
classes, the objection will, no doubt, be passed
over, and the proposal be favourably received. •
The return from the Bank of England for the
week ending the sth of August, gives the following
results, when compared with the previous week :
Public deposits ... £2,347,590; Increase £45,229
Other deposits ... 10,609,668; Decrease 614,592
Rest ... 3,429,784; Increase 94,0 t. 9

On the other side of the account--
Government securities £11,360,383, Decrease £415,000
Other securities ... 13,638,937; Increase 28,844
Notes unemployed ... 6,291,235; Increase 34,175
The amount of notes in circulation is £20,302,465,
being a decrease of £212,255; and the stock of
bullion in both departments is £13,299,510, show-
ing a decrease of £184,814, when compared with the
preceding return.