The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-11-29 00:00:00

UNITED STATES

The packet-ship Patrick Henry, Captain Delano, which
sailed from New York on the morning of the Bth instant,
arrived at this port on Sunday night. The papers brought
by her are six days later than those received on Friday by the
packet-ship Oxford, Captain Rathbone, but they do not
contain much news.

The Cabinet would, it is stated, be recognized before the
meeting of Congress in December. Mr. Webster would
retire from it, and Mr. Cushing would occupy his seat. Mr.
Spencer and Mr. Upshur were both mentioned as candidates
for the office of Secretary of State. Mr. Webster was on a
visit to New York. The citizens had presented an address
to him. His reply was short, but eloquent, and it gave
general satisfaction.

- The Constitution frigate and the Marian sloop of war had
been ordered to proceed forthwith to Vera Cruz, to protect
American interests there.

Accounts had been received from Campeachy to the 14th
ult. All was quiet in Yucatan ; but an attack by the Mexi-
cans was momentarily expected.
From Mexico and Texas there are not any late accounts.
The Montreal payers to the 2d instant inclusive do not
contain any news worth extracting.
The British and North American royal mail steamer the
Caledonia, Captain Lott, which sailed from this port on the
afternoon of the 13th ult., arrived at Boston at nine o'clock
on the morning of the 2d instant, after a passage of 13 days
and 19 hours. The Great Western, Lieutenant Hosken,
which sailed fr9m Bristol on the 22d ult., arrived at New
York on the bth instant, at six o'clock in the evening,
having made the passage in 15 days.

NEW YORK MARKETS.
WEEK ENDING Nov. 5.

The offerings at the banks have been gradually increasing
for the last few. weeks. The demand has been fully met,
however, and money continues abundant. Some specie is
still going south for purchases or advances on cotton, but the
opinion now seenls to be, that quite sufficient has already
gone forward to restore the equilibrium of the exchanges.
The wants of the community in New Orleans have been
enhanced by the peculiar position of their banks, and the near
approach of the resumption-day (Dec. 5) has prevented their
doing what, under ordinary circumstances, they might with
safety have done ; and, consequently, the bulk of the ex-
change operations have passed through the hands of indi-
viduals.
The amount of money required to transact the business of
the coming season will, on pccount of the low prices, be
much less than usual, and the shipments made, not only
from the North, but from South Carolina, Georgia, and
Europe, will give great facility to the planters and factors.
The moderate amount of imports and the low rate of foreign
exchanges are considered favourable to a continued abundance
of money. The contraction in the currency has been very
severe and general throughout the country ; in Ohio, for in-
stance, we observe, by a recent statement, that the circulation
is but about 30 per cent upon the capitals of the banks, and
if the amount of notes held by the banks was deducted, even
this would be considerably reduced.

The position of money matters in England is favourable to
the demand for specie likely to arise from this country. The
abundant crops will prevent any drain to the Continent for
the purchare of grain, and the Bank of England has now in
her vaults bullion to an almost unprecedented amount.
No very considerable demand for business purposes is antici-
pated.
The recent intelligence from England presents no essential
change from our commercial advices. The price of cotton
continued low, with a moderate demand. The crop in this
country promises to exceed that of any former year. and un-
less some increased demand for manufactured goods should
arise, there seems little prospect of any immediate advance.
It is not impossible, however, that the attention of capi-
talists may be directed to purchases of the raw material, as
promising a very considerable profit when any improvement
in trade takes place, while the risk of loss at present rates is
comparatively trifling. All past experience, however, has
demonstrated that speculations are most frequently and con-
fidently made when the scale of prices is much higher, and
that at the lowest rates, more timidity and caution than
ordinary is exercised.
The transactions in foreign exchanges have been trifling
since the sailing of the steamer. As several mails are now
due from the 'South, it is probable the supply of bills will be
considerably augmented before the market opens for the
steamer of the 16th. We quote,
On London..
Paris 5'45 to 5.421
Hamburg 34+ to 34i
Amsterdam
Bremen..

We notice no material variation in the quotations of
domestic exchanges. The business is limited, with a fair
demand on some points, especially on the extreme southern.
The transactions in stocks are very small, and confined
mostly to state stocks for investments. We notice a slight
decline in some of the Western stocks. It is understood
that the interest of Ohio will be promptly met as usual.
The stocks of our city and state are well maintained, and
investments continue to be made with freedom. Fancy
stocks are mostly neglected, and there appears to be very
little disposition to operate either for an advance or a
decline.
ASHES.—There has been a fair amount of business trans-
acted in Ashes this week. The sales of pots amount .to
about 600 barrels, all at 5,50 dollars. They are in demand
at that rate to-day, and the principal holders are asking an ad-
vance. Of pearls, about 300 barrels were sold at 5.874 dol-
lars to 5.931 dollars, and there is a brisk demand at the for-
mer rate.

COTTON.—The business this week has been to a very mo-
derate extent, the effect of the news per the Caledonia being
to divest the market ofwhat little animation it previously pos-
sessed. The sales for the week ending lastevening amounted
to 2570 bales, of which 1800 were Upland and Florida at 6 to
Si cents ; 400 Mobile at 7 to 91, and 370 New Orleans at 6
to 9 cents. The arrivals during the same period were 1244
bales. Prices are tol cent lower than on Saturday last. We
quote fair Upland 7 a to 8, and Alabama and New Orleans fair
si to 9 cents.
FLOUR AND GRAIN.—The market for flour this week has
been steady throughout, with sales to some amount of Ge-
nessee at 4 dollars 25 cents for common brands, and some
better brands at 64 cents higher. The receipts are not large
for the season, and there is not a great deal going in store.
Ohio and Michigan sells freely at 4 dollars 18t cents to 4
dollars 25 cents. Ohio in round hoops is scarce, and com-
mands 4 dollars 25 cents to 4 dollars 3111 cents, according to
quality. In Southern we hear of no transactions of impor-
tance. Georgetown we quote at 4 dollars 50 cents to 4 dol-
lars 561 cents. Sales of rye flour during the week at 3 dol-
lars to 3 dollars 25 cents.
MONEY AND EXCHANGES.—The very large shipments of
coin to New Orleans, and an increased demand here, has
made money somewhat more in request. The loans of the
Bank on demand have a good many of them been called in.
The amount of specie in the Banks is very large, and but
little diminished. It was, on the Ist of Sept. 6,651,000 dol-
lars ; on the 31st of October 6,273,000 dollars. Philadelphia
has fallen in debt to us, so that some 100,000 dollars have
been transferred from that city to this within ten days. The
Banks now have offered them about as much paper as they
want. Bills on England, 6 per cent. prem. ; France, 5,45
dollars.