The Liverpool Standard, and General Advertiser.
Liverpool, Merseyside, England, 1854-08-01 00:00:00

bullion for exportat

arrivals will no doubt

scarcit

Those who remember the speculations which
were indulged in when the discoveries of gold in
California and Australia were first made, of the
monetary derangements which were anticipated
_ _

by this time

,hen stated, and su

pent events

have fully justified the correctness of our opinions,
that the danger was considerably over-estimated,
for two especial reasons. In the first place, that
gold, instead of being as it is generally considered,
the representative of value, is but the small
change of mercantile transactions, so that any
excess affects but a small per centage of tangible
property. In the next place, the great increase of
trade, owing to the stimulus given to manufactures,
_ tion and consumption is more than suffi-
cient to absorb the additional gold, so that, instead
of capital suffering l the excess and the consequent

export

owness of in

)een the
int bullion has

le direct reverse has

case, and
been sca

complain'

been t
bee

rcer andint,

,st ha

.g.her than

they were before we had received any Or the sup-
plies from California and Australia. We may now,
however, expect a tendency to reaction. Au
abundant harvest, by reducing the price of the
necessaries of life, will disengage a large amount
of gold in circulation, and a diminished importa-
tion, or a similar reduction in ita value, will also
lessen the demand for gold, to equalise the ex-
changes, so that there is every reasonable prospect
of the money market being in a comparatively easy
state, ex ept so far as it will be affected by the
additional expenditure on account of the war.

In the cotton manufacturing districts, trade
generally is better, and prices have advanced,
owing to the increased demand not only for expor-

consumption. This, however,
is not the case with goods for the India and China
markets, it Deing the dull time of year, and the
advices just received by the overland mail, though
better than formerly, not being sufficiently en-
couraging to stimulate operations here.
_The
Yh° still comnl

A man
k port-

nts from the woollen districts of
depressed trade, but appearances on the whole are
more favourable, as shown by the improved demand
for the raw material at the sales which have
recently taken place in London and in this town.
The hosiery and lace trades are dull, but it is
1.,-.l:tsvrekr7 41, .4- n Ir/s n c nri n 1 ism. n .24- INA; Vl+

The reports from the corn markets in all parts
of the kingdom concur in showing a general
decline of prices, owing to the prospect of a most
abundant harvest, and the continuance of very
favourable weather for the ripening of the crops.
Indeed, there is hardly a second opinion as to
there being a very bountiful supply of home-grown
food, in addition to abundance elsewhere, as the
harvest throughout Europe, particularly in the
South, is one of the most favourable ever remem-
bered. There has, however, been a good demand
for flour for immediate consumption, owing to

of a fall in prices, but wheat is almost unsaleable
without a very great reduction, and the promise
of a very large crop 'of potatoes, which have been
most extensively cultivated this season, and at
present look very healthy, will also have the effect
of depressing the value of breadstuffs. A failure
has been reported at Cork, though only to the
amount of £lO,OOO ; but we have not heard of any
serious default, end indulge the hope that the
decline may prove less disastrous than is sometimes
the case in similar circumstances. Those who

the state of the corn trade in the be-
ginning
of 1829, after the great speculation at the
close of the previous year, and again in 1847, after
the rush induced by the first experiment of free
trade, may naturally entertain some apprehension
at the present time, were it not that the crisis has
been too long foreseen not to admit of something
like preparation.
1 TI,

eturn from the Bank of England for the
ding the 22nd of July gives the following
results, when compared with the previous week :--

Ptiblie deposits
Other deposits

e£1,149,170
16,574

£2,058,785; Decr
11,609,399; Decrease

3,328;532; Increase 19,403