The Liverpool Standard, and General Advertiser.
Liverpool, Merseyside, England, 1854-09-05 00:00:00

COMMERCIAL 4 MONETARY 37:

MONDAY NrGgT
a tile'
THE great feature which has influence „est,
money market is the getting in of the ha%le,
and the weather has been so peculiarly favo'l.r"tv
that the good effect has been experienced in 11ed
rapid rise of the public Funds, which have rescii.
a higher point than for a very long time Plight
ously. It is true that they experienced 3 is,,tors
reaction, owing to the anxiety of some speell7reci,
to realise the advance, but it was quickly reee'eciff
and the progress .may be said to be ste3o4
upward. In the meantime the foreign eXcila ?Or
have experienced no great change, and raone);3si,
commercial purposes has been comparatively COli•
there being no scarcity nor anything to shake f the
fidence in mercantile security. The returns ,0
Bank of England, on Friday, present few chant °f
worthy of notice ; there is a slight falling-on i!io,
stock of bullion, and a decrease in other see'!ri,,t of
as well as in private deposits, to the e%l-the
about £400,000 in each, which may lead 11.00
inference that discounts have been obtainedthe
other sources. It was expected by some that
Bank directors would, on Thursday, make alto!
reduction in the minimum rate of discount, another
doing so may account for the decrease hi -
securities. a y 4
In the Cotton manufacturing districts trail
beginning to experience the good effect fOOO
rapid fall in breadstuffs, and the demand for gtiof
is more active, not only for home consuntices
but for the Turkey and the India markets. ce /6
are also on the advance, and great conntl!„,ieri
felt in the prospect for the future. The -11-'oo'
and Lace trades are also better, though the itsco
ment, as yet, is not to,,any great extent. , Ice'
Woollen trade prices are slightly on the aticio pot
but the manufacturers complain that thei terialt
keep pace with the high price of the raw Ina
for which there is a more active demand. joto,
In the Corn markets throughout the N1°5,00..!
Wheat has experienced a decline of fully. still
quarter during the week, and the tenden"Y 1 000
downwards, as it is impossible to effect 10°600'
retail sales, except at still greater /Tatted re'
Many of our contemporaries have publishet die
ports of the state of the harvest in diffele.nke
tricts, but this is almost unnecessary. '4,1 eatli!,
telegraphic reports of the state of the „find t,"
within the last few days, which were ern' d 4
the simple but expressive announcement, sole
everywhere," nearly all the accounts tell the
story : they do but vary in phraseology'. )05
"No harvest in the memory of living 112.3 e, A
held out such prospects as the present u•earioi'
larger amount of labour in reaping and e'bort!
the land was never accomplished in s°
many rep
period. With regard to the yield, Inan•Y, erea
will give fully six quarters per acre--we
heard of more. The weight of the Wheats ''
almost unprecedented."
Such is the tenor of almost every repOrt, 3000
doubt need now be entertained as to the enerodt
amount of the supply of food, of home-grber,°
which this harvest will yield. The nail etilPi
acres of Wheat is more than was ever before jot,
vated—the yield, per acre, is beyond all precter
and the quality is very superior, while the gitioll'
part has been housed in the highest colLote,ll
Under these circumstances we may antielt
still greater fall in price, though old Whe"to Sts
probably maintain a higher value, owingodev
being required for grinding with the new. ar4
are, of course, desirous of keeping up the 0,5. A
in order to save themselves, but it is not sTe
they will be very great losers, as they ha
some time to prepare for the change. do ill::
The new Stamp Act, by which stamps "oriel
posed on all foreign Bills, has led to 3 000_13,4
pondence between the Bank and the Ge:ler,ppe'j
on the unfairness of its provisions.
that in each instance of a foreign bill, ar,s3, a 0,
payable abroad, the entire set must ,_"e peglit
stamped before any one of the set can beg,
tiated here, and not only must all be stance
all must be received before they can jsp°.
Such a provision is not only unjust, but vs111„;0
tively absurd, and, if enforced, must seri9e ice
terfere with our foreign commerce.
object of drawing foreign bills in sets is t 49 1;y IproPeio
against the contingencies of transmission let
the accepted bill being kept in security ‘cirolle„,ll
endorsements may be making the tour of .1,11101
but to insist upon the production of all the.lopost,
the set is, in many cases, to require an,laccePof
bility, besides endangering the safety of toeution4,
ante, so as virtually to render the prec„apteof
drawing such bills, in sets, of no value one
The act must be altered, and its passive, is d
the consequences of hasty legislation. oth
The Board of Trade returns for the Ingeh
seven months ending the sth August, I+l,, :Ist
just been issued, show the following rest.' for of
The total declared value of exports ofale,
month is £9,439,643, but this includes 30,
£1,067,452, for unenumerated articles illrevlaef
turns, which are not included in the 00t1316,1
years ; whilst for the corresponding 6'30
1852 and 1853 they were respectively ' 106 t
and £7,995,086. the
The total importation of Coffee for 011/10.
month was 8,636,0591 b. against 7,428477,00'
the corresponding month of 1852, and 8'1„000, cot,'
in 1853; whilst there were entered forK-As,l4"
sumption respectively, 2,965,2181 b.,
and 3,127,5031 b. Unrefined Sugar sila'ftliel-rei
portation of 980,224 cwt. for the month 0110 OG/
sent year ; whilst for 1852 and 1853 to eip,sl
stood respectively 833,039 cwt. and 891,0
the quantity taken for home consuraPV6l7
for 1854, 728,128 cwt.; for 1852, 0;, trs9°
and 1853, 759,615 cwt. In Wines r„)-1,141ele
tion for the past month amounted :Q13007,411,4:
galls. ; for the month in 1852 and 113°' 481 lc av
tion d
respectively 528,502 galls. and 1,119,,ti0
The quantities entered for home consnilleralls.;"
—1854, 556,437 galls. • 1852, 511,916 age
trg
in 1853, 605,051 gall.‘. Of spirits
~,ettt
imported during the month of the r own fee
943,081 • galls. ; for the correspond% g3l/511. 004
1852 and 1853 the figures were 893P' for „511-''
748,902 galls. The quantities tilkenl4
consumption were 348,965 galls., 3"' P
and 380,467 galls. respectively. od thed
at
As regards the shipping trade, we era1,,,04/ en
the month there were 3,491 vessels 449,7„"00,1
the foreign trade, with a tonnage 431.,aita vo
tered inwards ; whilst in the corresr 013,11 e 503:4
of 1853 the number was 3,827, witu..iir; tnska
892,983. There cleared outwards dao.'e
weretonnat.e ,9
period, 3,663 ships, 765,354
the corresponding month of 1853 the' f "
o dget
ships, 745,567 tonnage. ,0171),
In the. coasting trade during thes,s6i t 4 too
present year, 12,167 vessels, 1,18u.,,371,4‘„00PA
entered inwards, and 13,719 ships, -L_lidivifo;oo-
- cleared outwards; in the correg,v6:33, „Ice
of 1853, the numbers were _ships ,1-123,1/0
1,099,663, and ships 13,075, tounsge