The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-08-30 00:00:00

ABSTRACT OF TUE LOG.

Aug. 16.—Wind N.E. At 5 30, p.m., proceeded to sea :
6 45, discharged the pilot. Light wind's and hazy.
17.—Wind N.N.W. Running between Boston and Ha-
lifax. Light airs and hazy.
18.—Wind S.W. 11, a.m., moored alongside the wharf
at Halifax ; 4 30, p.m., started for Liverpool. Light winds.
19.—Wind S.W., course N. 82 E., distance 175 miles,
lat. 44 54, lon. 59 28. Moderate breezes.
20.—Wind Southerly, course N. 77 E, distance 242 miles,
lat. 45 49, lon. 53 57. Light breezes.
21.—Wind S.W., course N. 73 E., distance 255 miles,
lat. 47, lon. 48 3. Moderate breezes and hazy.
22.—Wind variable, course N. 72 E, distance 268 miles,
lat. 48 22, lon. 41 52. Moderate breezes and hazy.
23.—Wind N.E., course N. 76 E., distance 248 miles,
lat. 49 20, lon. 35 46.. Stroll., breezes and cloudy.
24.—Wind variable, course N. 78 E., distance 252 miles,
lat. 50 11, lon. 29 21. Light breezes.
25.—Wind variable, course N. 81 E., distance 253 miles,
lat. 50 48, lon. 22 47. Light airs, with rain.
26.—Wind N.E., course N. 89 E., distance 266 miles, lat.
50 46, lon. 15 45. Light breezes.
27.—Wind N.E. At 8 45, a.m., abreast of Cape Clear.
Fresh breezes and cloudy.
28.—Wind E. At 12 30, p.m., arrived at Liverpool, in
9 days 16 hours from Halifax, and 11 days 14 hours from
Boston, including stoppage at Halifax.

THE NEW CORN LAW AND THE TARIFF.

(From the Times.)

The new scale of corn duties and the tariff are working by
degrees their effect upon the speculators, who were hardy
enough to doubt their efficacy for the public benefit. Ano-
ther failure on the Corn Exchange was announced to-day,
that of Messrs. Richmond and Vary, who are said to have
held large parcels of grain in expectation of the market being
in no manner affected by the revision which was made in the
regulation of the duties. Their liabilities, according to the
gossip of the market, are £50,000 to £60,000, and some even
speak of them as being above that sum. Mark-lane was in
the highest state of excitement to-day owing to this and other
reported stoppages, which are not, however, yet authenticated.
The absence of another large speculator from his accustomed
post gave rise to prejudicial surmises, but parties who are
acquainted with his movements do not appear to apprehend
any difficulty in that quarter. The revenue and the public
are reaping the advantages of this state of things, for while,
on the one hand, the duty paid increases the solvency of the
Treasury, the increase of grain for consumption at lower
prices must soon bring down the pretensions of the bakers
and mealmen to a corresponding level. Notwithstanding
the reduction in price, and the consequent increase of
duty, the importation of foreign grain continues on a large
scale. As much as 72,000 quarters of foreign wheat have
entered at the 9s. rate, according to the statement of some
parties in the market, but others are inclined to believe that
64,C00 quarters is really the quantity upon which this duty
has been paid ; however this may be, it will at once be seen
that the revenue is receiving an enormous supply of wealth
from this source, and taking it at the average of the two
stated qualities, will have brought into the Treasury coffers
from £30,000 to £32,000. Under the old law the duty would
have been 235. Bd. per quarter, which to all intents and pur-
poses would have proved a prohibition. Parties who were
all along in favour of this new plan of the Premier, which ap-
pears to be working so successfully, are of course elated at
the high prospects it holdi out of supplying a fruitful source
of revenue, and now even venture to predict that wheat will
come in up to the extent of 20s. duty. They say that the
Danish islands, Odessa, Holstein, and other cheap growing
countries, will enter their produce even at this high point,
while from the Hs. duty to the 15s. duty, they expect a rea-
sonable supply from the various continental markets.

- - -
It is worth while remarking, now this subject is under
notice, the arrivals that are constantly occurring of cured
meats from foreign parts. At present they are inconsider-
able, but this is easily accounted for, when it is recollected
that time enough has hardly expired to allow of a general
communication of the reduction made in the new tariff in
favour of foreign cattle. Already some tons of Monte Videan
beef are advertised for sale, and from present appearances,
it is not improbable that it will be brought into competition
with our own cured sorts of beef. Should this new descrip-
tion of meat make way in the market, which it is stated it
ought to do, considering the quality and the price at which
it can be retailed, there can be but little fear of a successful
competition with Scotch and Irish importations, which is the
argument at present set up by those connected with the pro-
vision trade against any good resulting to the public under
this head of the tariff.

That both bread and butchers' meat will be much cheaper
during the present year than for a long while past, is asserted
unequivocally by those who are old enough to remember
movements which have taken place under former alterations
of the tariff; and on the ground that the effect of the present
alteration having so speedily exhibited itself, and long before
it was expected, the provision markets will be seized with
that sort of panic which, while it may bring to the ground
many whose premature speculations have been conducted on
principles at variance with those demonstrated when the
change was first proposed, will in the end serve the interests
of the general community by making apparent the great good
effected.
With respect to the tendency which the trade in grain still
has, which is decidedly to a decline, several of the experienced
dealers do not give any great degree to the present year's
harvest as having influenced it. They observe, that it is
mainly owing to the new scale of duties ; and such further
effect it is anticipated it will have, that some have remarked
they should not be at all surprised, were a panic to conic on
the market, to see the average price of wheat quoted at 40s.