Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1848-01-22

9L bA- N Il u " I'VE I'VE n
price OF money, absorbed nearly the whole require
mcnts Of the country by re-dscount now, as the
rate OF money falls, leaves them, and is again
sutned by the private bankers throughout the king
dom, who are, in fact, at this moment discounting
paper at or per cent. lower than the Bank Of Eng
land. The bill brokers have also reduced the ratc
OF money, at the call of their depostors, per Ct
The example Of the Bank of England Is expected TO
be followed by the Bank Of France, the commercial
circles in Paris anticipating speedy reduction The
weekly bank accounts continue to exhibit rapid
progress in the increase Of bullion, and in the gene.
raj improvement of the position of the establishment
In the last weeks returns the increase Of bullion
was less than E565, 200, making an aggregate in
both the Issue and Banking departments Of l. ,gJl,-
376. The chief importations of gold came from the
United States, each packet bringing considerable
amount. Accordingly, the reserve in the Bank has
now risen to no less sum than IS ,233, I'll These
circumstances alone justify the Bank in lowering
their rate Of interest. The transactions have been
generally inactivc the range OF fluctuations Of Con-
soils being from about 81 to about So! cX dividend
during the week preceding Christmas, and during
the present they have scarcely varied so much The
latest quotation for Conso for the opening S5E;
Bank Stock, l5S.; Reduced Three per Cents o5;
Three and Quarter per Gents. S65 Exchcqucr Bills,
9 to II premium.
LIVERPOOL COTTON MARKET.
Report for the Week ending Dec. 2i-Thc Cot
ton market has been nanmate Americans fair and
upward, the consequence OF new Cotton being in the
market, are ID. per lb. lower, while the inferior
qualities steady, and, indeed, not quite easy
to buy. BrazlIs are lower by ID. per h.; this de-
Scripuon hangs heavily in the market. Egyptian,
Surat and other kinds unchanged. In consequence of
the Bank Of England having reduced the rate of dis
count the market is less freely supplied to-day, but
the demand is not greater the sales to-day being
5000 bales. There have been taken for expectation
65O American. Sales for the week, 90 $40 bales
Report for the Week ending Dee Give have
had .H t,r 1pIa
ply of, American Cotton this week; an advance Of
3D. to d. per 10. has been realized all qualities Of
fair and below, the greatest rise being in ordinary
Surdt may be quoted at d. per h. dcarcr: all other
sorts unchanged. The sales estimated at
y, 450 bales, with the market still rather
against the buyer. Forwarded into the country I'M
sold during this month"; 800 American and 1870 Per
nam. Sales of the week, II 400 bales.
linother Report There has been a good demand
from the trade for the three days ending Dec 30,
and the prices OF the ordinary 10 mddng qualities
Of American have advanced ! to ID. per b. whilst
other kinds remain without alteration. The sales
have been IL ,45O bales.
LIVERPOOL CORN MARKET.
The Corn market since our last has continued firm.
and upon the whole prices are a shade higher The
finer descriptions of w heat may be said TO have adj
vanced about Is. but Barley and some other grain
have not participated in this improvement. The sup
plies from ireland and the English coast have been
limited. Indian Corn and Meal have been ia slow
request, and the rates now current BIS. for the
best Corn and 10 TO rs. for Meal. The price ofblst
Western and Canal Flour is about Bis per bril-, while
Wheat has participated i'll the advance established at
Mark-la lane. We may farther add that at the mar
kct held here yesterday the trade ruled very dull
and hardly any sales effected.
LIVERPOOL ANNUAL PROVISION MARKET
As usual at the close of the year, we give
paratiye statement Of the imports and stocks Of Beef
Pork, Bacon, Cheese and Lard.
Our supply of Beef during the past year has been
much short OF that received IN ls46; prices,
quenty. have ruled high, which has apparently
checked the consumption, as, with much lighter
import, the stock remaining (of which about half is
new is nearly equal 10 that left at the close OF last
year. Since last report there has been fair
enquiry for the article the quotations; but, with
increased supplies, lower rates must be looked for
The import of Pork has been double that of 1916,
and nearly four times as great as IN $40 In the
first six months of the year there active de-
mand for Ireland, but with the pressure for money
this demand almost ceased, and since the sales 10 all
parts have been very limited. Since the 18th inst.
about $50 barrels have been taken for export and for
a choice article Of prime for ship stores there is
some enquiry; but again quote lower prices for
middling and inferior qualities.
American Bacon was last year, for the first time,
article of considerable Importance, import OF
about 100000 pounds having been received and
nearly all disposed of. large proportion of the
Eastern of very choice quality, sold readily
at highly remuneratve prices, and gave great salts
faction to the consumer; but, with few exceptions,
the Western cure was in all respects, the reverse
being hastily and roughly cut impercctly cured, and
turned out Of hand in slovcnly manner, in addition
to which much that was shipped at New Orleans, in
large vessels with corn cargocs arrived quite out OF
condition, and the result has been most unsatisfactory
TO all concerned, sellers and consumers. For the /
stock now on hand, which is nearly altogether
Western cure, the demand has rather improved since
our last and we expect all will now sell at about
present RATES.
OF Hams and Shoulders there was also a large i'm
port; those received early in the season in good con
dtion sold readily at paying prices, but the late
rivals being nearly all out OF condition, the result
has been most Improbable. With care and attcn-
ton to quality, both articles be sold here to
considerable extent.
There has been steady trade in Cheese through
out the past twelve months, and the price has ruled
high until within short time. At no period since
the commencement of 1877 has the stock been in cx-
cess and with the present reasonable prices there is
steady consumption going on. The sales for a few
days past have been rather sluggish: there is, how
ever, no great assortment III the market.
The range of prices for Lard has been from 46s. to
Cos, the average figures being Dos. to OBS. There
has been a steady demand throughout the year. A
considerable portion of the import has been remcltcd
and refined here, the process making il almost equal
to Irish The stock in hand light, and all imports
meet ready sale
Very little Butter from the United States has found
its way here this year Of Canadian there has been
about the usual quantity, the quality OF which, we
note with pleasure, is much improved.
Tallow continues in good demand at the previous
improvement, a large parcel of South American sold
by auction al I0ai3S. cd.
0Hllcaukie,-The rapidty of the growth Of this
city is one of the wonders Of the West. CORES
pondent of ours who at the time of the Chicago Con-