New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-04-08
English Monetary and Commercial Intelligence
From the Liverpool Albion, March 3.

of animation in every department OF business only re-
leved by the accounts from London OF moderate de'
gree of activity prevailing In the Stock Exchange on the
tenders for the loan being accepted Although the loan
itself s national affair the scrip has merely local
hsbitaton in the Metropolitan stock Exchange, ana as y
is there considered that the Government have acted
wisely in limiting 1t to Threeper Cent stock any pro
vincis opinion it is TO be feared will have little weight
Nevertheless there are parties in Liverpool OF strong
minds and sound commercial views, who see in this
farther creation of Three-per-Cent Stock strong
symptoms of its permanent addition to the national
debt and also that the claims against Ireland, ior
repayment of one-half the amount will net be
enforced by the Government. The basis OF their
reasoning is, that that while 95OO0OOO only 10
borrowed debt of &c 93oJ47, 9s, sd. IS contracted,
and as In fairness only 100000 by the original terms
can be claimed for Ireland should even favorable pc
Rod for enforcing such claim ever arrive, the amount
repaid would probably appear as swelling the an
nual income than in hqudatng the Irish moety OF the
debt nasmuch as it would be unequal 10 accomplishing
the latter The scrip having been at premium OF up
ward Of |! per cent during the greater part OF the
week the contractors make good thing oil H. Had the
money been borrowed al par II could, no doubt nave
been obtained under 81 per cent and the intention Of
Government call upon Ireland TO quidate one half OF
il would have been more apparent Every addition to
the national debt being tax upon commerce, Liverpool
has little cause to feel grsthed with the arrangement
however favorable may be to increased business in
the Stock Exchangc,
The Hiberns steamer. which left this Thursday
for Boston, took out nearly 100000 In specie.
An Uneasy feeling begins to manifest itself IN regard
10 the money market which was increased by the ep-
pearance, yesterday, OF an advertisement from the
Northwestern Railway Company inviting loans in sums
of not less than 5000 at the interest Of per cent
Considering who is at the head Of this concern and the
position the company occupies In the railway world
the high rate of interest offered ID significant oil the in
creasne desrness of money, and has had an untavora
bic influence on the share market The Great Western
Company have also come out as borrowers at II per
cent for five, seven or ten years.
The Corn market has exhibited no exception to the
prevailing dullness and the business transacted In
Brunswick.st yesterday the smallest Of any market
day this year 1t appears from the circular OF Mr. C.
T. Dunlevie that the imports into Liverpool from Ire
land for the last FIVE months have been 1880 quarters
of Wheat and 100 sacks OF Flour, with only trniug
quantity of Oats Dat Meal. Barley, &c Our exports
thither during the period amount to $1,000 guar
ters Wheat 600 bbis Flour u 900 sacks of do
900 quarters of Indian Corn 2e2OO bbls OF Indian
Corn Meal $500 quarters OF Beans and 5000 quarters
of Peas so that Ireland whence this market for
merly drew its principal supplies, has now become our
greatest drain The as to the stocks OF Graln IN
the country is as far as ever from being solved Inc
stocks Of foreign. both here and in Londen; are
being rapidly exhausted, while France Holland and
Belgium are sl importing and their prices rule
higher than ours. Some few purchases have
been made in the London market on French
account and In the Baltic, Wheat which was
purchased for delivery in England has been resod at
profit for France. few vessels are now loading In
liverpool with Flour for Lisbon Against this, however
we can state that several vessels are on their way 10
England from the ports in the Mediterranean but then
large portion of their consists OF the coarser
kind of provisions Alexandra is nearly exhausted
off IA freignts
per quarter in January had fallen TO l5s the 2ls
February The following vessels bad sailed thence for
Engsnd from the LIST January 70 2ls February namely
o. laden entirely with Besns 9 with Wheat with In
dian Corn with Wheat and Beans, with Beans, Cot
ton and Linseed, and with Linseed.
The Cotton Market has psrtaker of the general quies
of trade but prices not thereby reduced
holders being firmly convinced that spinners fast
running out of stock the average weekly quantity
that they have taken from Liverpool since Is, January
Is only 1856 bales against 90 5S5 in 1896 and IL is not
imagined that the reduction in the hours Of labor Is
equal to anything like this deficiency Al present there
10 struggle between short crop" and short time
which causes the next accounts from America, per
steamer to be looked forward to with great interest as
they will furnish pretty good data for the calculation Of
the extent of supplies. The spinners have taken
above their average quantity this week having pur.
chased 5000 bales while spectators have taken 1000
and exporters 200 bsles-msking together the total
sales for the week 90 200 bales Imports the Pc
Rod only 1888 bales and the estimated stocks
467 go bales against sl75S0 bses 81 the corresponding
period of last year.
The sales today are about 5000 bales at steady prices
fair amount Of business has been done this week in
Manchester, the depreciation OF prices having induced
purchasers to operate freely but they Immediately
withdraw from the market II manufacturers advance
their The present state OF things there Is against
any accumulation of the stock OF goods the prices
ruling atterly have induced considerable opera
tons for the Calcutta market 10 which large quantity
of goods now being forwarded from this port which
certainly no; attributable to the character OF the sd
vices from India.
day. Their dates from Bombay to the Isl February
and Calcutta 23d January, without any later advces
from the more Eastern markets than those received by
the last mail. From Bombay we learn that falling of
In the demand for Manchester staples had caused gen
ers decline In their prices while all kinds of Glasgow
goods were only sseable st heavy sacrifice. This
state OF things partly occasoned by several of the
markets OF Northwest and Central India obtaining
their supplies from Calcutta, which they formerly
sought in Bombay and partly by the large shipments
that were known to be on their way from England
While we have thus TO notice a decline in the prices
OF imports. observe that the intelligence from
this country had tendency 10 advance those for
their staple article OF export Cotton which had just
commenced coming forward. For some trifing par
GELS of Oomrswutfy, which had been received S.
rupees per candy were demanded The ship-own.
ers beginning to benefit by the short supply Of
tonnage in Bombay, vessel having been taken up for
England the 3si January, at Is lbs Cd. per ton
Money was more in request and the banks had sdvsnc.
ed their rate of discount ! per cent Exchan
favorable for remittances being last quoted 2s
Id 10 IS I'd. per rupee.
With the exception OF Indigo, in which a large bust.
has been done the demand dull Calcutta for
both imports and exports the market in is general char
acter being similar to that noticed by the previous mail
Some purchases OF Rice had been made for England,
which at our present prices will leave very handsome
profit Freights steady al previous rates and the
improvement in Exchange was checked by the ship
ments of produce under Government advances for pr
vafe bills at months IL was steady p I'd 70 ID per
rupee.
The following 10 a comparative circulation of the
Bank of England gszetted yesterday with that OF the
corresponding period OF last year
Feb. q, ls47 Feb q lss6.
Notes issued .............. s25 1880 a27Ol52o5
Seven-day and other bils..-.. eleoH 9i7,432
Total issued. f26l6s4d s27 s62,727
Deduct notes In the banking
department. --.---.--.--.- oOlo.os0 ossi,sco
Total In circulation $40 5l759 S2096- 242
Total amount of specie held in
both departments of the Bank l204493i l3,775,7Oo
The above exhibits decrease in the present circuls
ton oil 3sl64s3, and In the bullion OF el730766 Com
pairing tho present with last week. C20th Februsry)
there deseency in the circulation Of sl6s67 and
also, In the ouihon of 4l69 SCI. The next return.
fear, will show sa greater deficiency In the bullion
the recent shipments to America have yet 10 come
/ into the statement
account which the highest quotations Tor The week
The scrip Of the new loan came on the day at II to
9 per cent premium. The following are the closing
prices OF Consols for the account and for the scrip each