The Express.
London, England, 1864-10-10 00:00:00

BUSINESS PROSPECTS AT THE NORTH.

The New York Herald of September 27 has an
article entitled "Everything coming down with a
crash." in which it says :
Cold bee been coming down for several days past, and is
now coesidembly below 200. Before keg it must be 140,
which is about the legitimate premium. The prices of every-
thing me coming down with gold. Stewart has marked
his goods down to two hundred, hat he must
mark thom lower now that gold has again fallen.
Provisions are coming dowo. The butchers and
bakers are ooming down. The tailors and hatters and
shoemakers are coming down. Those who went to buy
should wait for the crash. It will soma come. Speculators
and speculating meratients and speonlating dealers are be-
ginning to come down, and the people generally will be
benefitted. Everything is coming down, and coming down
with • crash. The mason of all this is that the rebelr on is
ooming down.

The Boston Journal of Sept. 26, siting with
more gravity, says :
The fall M gold has produced a complete stagnation in
business, but this will probably be bet temporary. Goods
were in fair demand before the decline, and traders sad
the public are only waiting for the gold bash to become
steady. There are some who apprehend a financial revola-
tion, but business was never upon a more satisfactory basis.
' We owe but little abroad, and trade has been gradually
working into the cash or short credit system at home, The
currency will not be materially contracted at present.
Speculators who bold large stalks of various article.
will doubtless feel the pioch, bet those who have been doing
a legitimate business, and have exsrcised ordinary foresight,
long since made up their minds that the vane of their
stocks would shrink, and they are proper- d for it. Every-
thing is snug with them and they can offset the diminish'
value of thr• stooks in hand against heavy advances during
the past 18 months. With a good basis a capita, and doe
steelier' and caution, our merchants and traders
generally will stand this shock, and another end
still another until business again settles down upon a
specie basis, which will not be for some time to
come. In the meantime the war will not be closed at
once, although we begin to see the end. Government
expenditures molt continue large for some time to roma
and when pesos is re-established the demand for goods
from the South will keep our mills end workshops going,
and the much dreaded era', will prove but a bugbear of the
imagination. oor views are ban 1 upon the supposition
that the present administration will be reaectr I and the
rebellion subdued. If the pesos party gods contra and lets
the South " depart in peens," we may makeup oar minds
for a preotistion of Inclines' which will affect all classes—
merchants, mechanics, farmers, and labourers—in abort, for
the utter ruin of the industrial interests of New England, if
not of the whole North.

REPULSE OF THE FRENCH BY CORTINA.
New Orleans advioss of the 19th state that the
French force sailed from Bagdad, Mexico, ou the
12th, in five steamers, for M►tamorss. On the
14th they had an engagement with Cortina, and were
repulsed with severe loos and returned to Bagdad.

LATER NEWS.
IMPORTANT MOVEMENTS OF GENERAL

GRANT.

(uonz's Taxalux.)
NEW YORK, am. 29, EVINING.

Grant reports that Ord's corps advanced this
morning, and carried the strong fortifications of
Chapin's farm, capturing 15 guns and 200 pri-
soners. Ord was wounded. General Birney ad-
vanced simultaneously from Deep Bottom, and
carried the Newmarket road aid entrenchments,
scattering the enemy and taking a few prisoners.
Birney is now marching towards Richmond, and
has arrived at Junction-hill. The Newmarket and
Richmond roads and the whole country are full of
field L.rtifications.
There has been no direct communication with
Sheridan for several days. Guerillas have captured
his couriers.

Southern papers state that Sheridan's cavalry is
at Staunton and Waymesboro. Forrest has de-
stroyed Sulphur Springs. Trestle has occupied
Elkhorn Bridge, and captured two trains on the
Chattanooga Railroad. He has now moved off
toe ards Fayetteville.
Rousseau is returning to Nashville.
Price has captured Potosi, Missouri. The com-
munication with the Federal garrison at Pilotknob
is cut off. Twelve thousand Missouri militia are
under arms.

Secretary Stanton urges the people to encourage
enlistments, to enable Sherman to hold Atlanta and
advance still further.

A man meeting in favour of Lincoln was held at
New York.

The Nova Scotian has arrived out.