The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-01-04 00:00:00

MONEY MARKET

WEDNESDAY, DEC. 13.—The sales at the stock board
have been small to-day, and the rates have not changed ma-
terially. Indiana bonds fell 4 per cent ; Illinois rose 4 ; N.
J. Railrord declined 1 per cent ; Mohawk, 1 ; Paterson rose
1; sales of bills on Philadelphia ; Harlem 64 to 7; Mo-
bile 10 to 12 ; Cincinnati 10 to 14. . .

This is bill day for the Boston steamer, that takes her de-
parture to-morrow. A moderate business in bills only was
done yesterday, and rates presented but little variation from
those of the last packet. The exports of produce to France
have thus far been larger this year than last, and the supply
of bills on that quarter has consequently been good. On
London, however, there is not so many bills offering, owing
to the untoward state of the English market having prevented
the free export of produce. To-day the Southern mails
failed, the supply of bills not being equal to the demand,
there was an improvement in prices.
The shipments of specie have now entirely ceased. There
is still, however, a great degree of caution among capitalists,
chiefly arising from the great discredit growing out of the
position of the State debts. The influences of those defal-
cations extend through every description of borrowing
paper; and, while the Banks eagerly seek after good bus-
siness paper, the generality of paper offering cannot be done
short of 1 to 1/ per cent per month.

STATE OF TRADE.—There is but little doing in the general
markets since the close of the canal. Ashes—A small lot of
pots have been taken since our last at 5 dollars 75 cents.
There is more demand at that price, but holders refuse to
sell at less than 5 dollars 871 cents. We have heard of no
sales of pearls. Cotton—The transactions yesterday amount-
ed to about 700 bales. Flour—There is no change to notice
in prices. The market is dull. We 'quote common brands
Canal at 6 dollars 25 cents.
COTTON TRADE.—The accounts from the crops continue
to be contradictory. Many statements from the Mississippi
represent a great falling off in the production of these sec-
tions, and estimate the yield of the year at not more than
1,300,000 bales. Others place it at 2,000,000 bales. This
ises fr
)abl

the state of financial affairs,
that a very great reduction in the
Rill take place during the present year
on of the general bankrupt law, which
ad to suspension of business on all those plan-

at discrepan

tations which were stimulated into activity by the paper ex-
pansions a few years since, and have been struggling for life by
the extensive bank favours that must now be brought to a
close. It is scarcely possible to estimate the extent to which
the cotton production may be reduced by the change. The
result will be an immense gain to those planters that are on
a substantial basis. The receipts of Cotton thus far, how-
ever, present an increase over that for the same period of last

year.
The intelligence from Tennessee is most exciting. The
locofocos of the senate have refused to vote in the conven-
tion of the two houses to elect United States senators, and
on the 4th inst. the legislative business was at a stand.—
New York Morning Ihrald of 1514 Dec.
Loss OF THE STEAM SHIP SAVANNAII.—The pilot boat
Caroline, boarded off Charleston bar 4th inst., the schooner
Warren. from Boston for• New York, the captain of which
informed the pilots that the steam ship Savannah had sunk
off Cape Hatterass, on Sunday night, 28th ultimo, when the
crew and passengers took to three of the boats, one of
which he fell in with a short time after they had em-
barked, the other boats had separated, and, in all probability,
went down, as there was a tremendous sea at the time.

The Herald of the 15th publishes a correspondence be-
tween Lord Aberdeen and Mr. Stevenson; but nothing de-
finite can be gathered from it.