The Express.
London, England, 1852-07-16 00:00:00

THE EXPRESS FRIDAY E'VENING, JULY 18, 1852.

ign • " this o * wodk j
tenerharthesexker of learkindon Ike: I ?
ge, w after ' panhi 'of '1846,,,,Lditil
the periods for me hatpins Ip
re are, however, abases practi.sd Ms the Bw= I '
ben, for which no precedent can be found in Eu-
rope. The stock brolcers charge brokerage upon the '
full nominal value of all railway shares transferred,
although but a small part of the capital may be paid
up. For instance, Lyoas shares are now to be bought
for 373 fr., but they are quoted at 675, and the
brokerage is charged upon that nominal sum.
' Western, upon which 130 only is paid, costs 210, and
the commission is charged upon 5001 r. Many mere
instances of the fame kind might be cited. A system
more repugnant to equity and sound commercial
policy cannot be conceived. The regulations of the
Boursc,supposing them intended to check speculation,
and not to favour the interests of the brokers, clearly
fail in their object, for the wild speculation in rail-
way shares during the last month is matter of
notoriety.
Said Fiche left Paris yesterday, with all his suite,
by the mid-day train of the Strasbourg railway.
At the Bourse, the Four-and-a-Half per Cents.
rose 10, and closed at 103; the Three per Cents.
closed, without variation, at 72.3. Bank of France
shares fell 22.50. The settlement in railway shares
passed easily, and but little fluctuation took place.
St. Germaine fell 10 ; Havre, and Lyons, 2.60 each;
Northern, Dieppe, and Bordeaux and Teste, 1.25
each. Strasbourg row 123.

at Dam an:dis 10th, at 1, p.m., was boarded by em Mien
from her Majesty'. steamer Harp, on the 241 k Jam, lat.
Sg, N. long. 33 W., NM gave in charge of said mast,/
two letter•lsags, .11ml" end " Winchester," together with
• smell mad addrerioM to ber Majesty's rst agent. Lisbon.
The Harpy was oat 40 days from Permunbsoo, In great
distress : her machinery out of order ; no water on board ;
no ; and to distil the water they were making use of,
they were forced to make use of all the panels
on board, and every deseripskm of wood-work; the
steamer also required sails ,• the aforesaid master supplied
then with sugar, coffee, bides, and • cask of wine. The
day he 101 l the harpy, they had commenced to break up their
lower deck. The wind N. to N.W., fresh, lead him to be.'
lime that the Harpy would not be able to reach Fay'', as
Its observed her going fast to leeward. The two hags of
letters are detained on board the Flur•do•Porto, to be deli-
vered to her Majesty's agent of mails, on the arrival of the
steamer from the Hrasils. . .. . .

,Loiss Putures, her Majesty's Viee•Cousul.
Belem, July 11, 1862
The Brazilian ship Sophia from Rio de Janeiro, in
62 days, last from Fayal on the 2nd July; tut, up to
that day, her Majesty's steamer Harpy had not ar-
rived there.
The Tay brings a mail hag from the Harpy, and
one from the Winchester frigate, both of which have
been taken to Lisbon by the Flor-do-Porto.
At Buenos Ayres some portion of tho troops had
been disbanded, and the congress had assembled at
San Nicolas, in the province of Buenos Ayres, forty
leagues from Buenos Ayres. The treaties with the
Brazilian government had been ratified. Country
generally quiet.
The wholesale markets since last advice' show
great elasticity and sales have been freely made at
increased rates. Stocks on hand consequently were
limited. The money market was quiet, with easy
accommodation, and confidence buoyant. Bills on
England per doubloon 645 per ounce.
R harbour there were 700 German emigrants,
who are encouraged to go to the Brazils to replace
the negro population, the planters having entered
into an agreement with them to work on the plan-
tations upon some very lucrative terms. A railroad
for locomotives, connecting the suburban village of
Petropolis with the city of Rio de Janeiro was to be
commenced on the 29th of June, the first sod to be
turned by the emperor; this, the first railroad to
be executed in the Brazils, has been undertaken by
a Brazilian company, organised by Senor Iremo
Evangelista de Souza of Rao ; the works will be con-
cluded during 1853, under the direction of Mr. Wm.
Bragge, civil engineer.
Bahia letters of the 18th ult. mention that the im-
port market remained in a depressed condition, with
little prospect of improvement. In exports rather
more had been doing, and prices of sugar had ad-
vanced. The quality of all descriptions was decidedly
inferior to that of former years. The bulk of the
exchange operations had been effected at 27d., but
towards the close money was scarce, and a fess sales
took place at 271 d.
Her Majesty's steamer Vixen, having on board
Sir Charles Hotham, was at Bahia awaiting the
arrival of the Chevalier Bt. George from France, ere
proceeding to the River Plate. The city was pretty
healthy.
From Pernambuco we have reports of a slight
change for the better in business. The sugar crop
was nearly ended, the receipts from the country being
small, notwithstanding favourable weather. Ex-
change, 270.
There was a project on foot foe making a railway
from Pernambuco to the south of the province, pass-
ing through the principal sugar districts, but it was
supposed that it would not be a paying line.
The screw steam-ship Queen of the South was at
St. Vincent on the Ist. inst., bound for the Cape of
Good Hope.
Her Majesty's ships Centaur and Express, were at
Rio; the Plumper sailed for Montevideo on the 15th
ult.

Her Majesty's steamer Pluto sailed from Cape Verd
for Sierra Leone on the 30th of June.
The Herald and the Torch were at Madeira.
The Sir Robert Peel screw-steamer passed as the
Tay was entering St. Vincent.
Our correspondent at Rio writes as:follows-:''
RIO DE JANEIRO, June 11.
Dullness continues to reign in every department of our
import market ; this, in some measure, may be accounted
for by the wholesome fear entertained by the roceiros, or
people of the provinces, of the yellow fever, which hitherto
has carried off a large proportion of those who were coura-
geous enough to visit us. The principal cause of this dull-1
nem, however, is the largeness of the stock of all Kinds of
impart goods, and more es-ecially in piece good..
After the sailing of the Teak*, transactions in coffee
were very limited until the end of the month, the total
sales not exceeding thirty thousand bags ; dealers,
however, submitted to a slight reduction in prices,
and about 60,000 bags were taken in the interval between
the beginning of the month and the arrival of the Tay,
of which—For the United States, 40,000; for Europe,
20,000.

Arrivals have been tolerably free, and the new crop pro-
misee to he abundant, and of excellent quality. To-day
(14th) considerable animation has prevailed in the market,
and we estimate the sales at 20,000 bags, at prices fully
equal to our quotations.
Exchange has gradually improved since the beginning of
the month, and some considerable amount has been passed
to-day at 27d.
Shares of every kind have continued to advance. As an
instance of the extraordinary spirit of speculation prevail-
ing, it is sufficient to notice that shares of the Mena Rail-
road, of the original value of 300 milreis, now meet a
ready market at a premium of 100 milreis per share, al-
though not a shovel of earth has yet bean turned towards
the formation of the line.
P.S. The beam of Schmidt, Kohfahl, end Co. stopped
payment on the arrival of the packet. Their liabilities are
estimated at 430 Goatee of reps.

Rio as JANEIRO, JUNI 14.
EXCHANGES, te.—On London, 27d.; France, 365 to
360; Hamhurgb, 860; Stock, 6 per cent., 106; provincial,
106; Spanish doubloons, 30.600; dollars, 1.930.
Corr. E.—Superior, 3,900 to 4,000 ; good first, 3,760 to
3,850 ; first ordinary, 3,550 to 3,650 ; good second, 3,250
to 3,360. 8 des since the last packet, 110,000 bags; stock
this day, 190,000 bags.
Museavo, 1,600 to I,Bdo ; bronco, 2,300 to 2,600. Stock,
3,000 boxes ; market very fiat.

. -
he discovered; the stuff was conveyed in
rads about tour or Ave hundred yards. Further dis-
covery of dry diggings hail been made on the hill
opposite Ration Hill and Pennyweight Flat. The
diggings on this bill in January last were remark-
ably rich, as much as a hundred ounces a day having
been procured in the richest claims. Subsequently
the bill was abandoned, having been considered as
worked out, but upon more careful examination this
was found by no means to be the case. At the be-
ginning of April last the miners were tearing the
hill up from top to bottom. The stuff was hard, •
pick required to be sharpened twice a day.
Paterson's Point diggers continued to be doing well.
It is said that more industrious, peaceable, or better
behaved diggers are not to be found at the mines
than the Americans who emigrated from California.
In Van Diemen's Land gold has been discovered,
but we have little more than the announcement.

Large parties had gone out in different directions
with the ♦iew of prospecting.

INDIA AND CHINA.