The Express.
London, England, 1852-10-05 00:00:00

COMMERCIAL INTELLIGENCE.

Sines the departure of the Arctic for Liverpool there has
been a steady uniform demand for government stocks and
ether leading sceuritics. The demand for these funds, for
the purpose of forming banking capital, is so great, that all
offering are readily taken.
Railway bonds have been in good request, and large sales
have been, mails on European account. There is still •
good inquiry, but few offering, unless at antes above the
Limits of the agents in this city. Speculative stocks, as
uual, partook of the general activity, and the market
during the last few days has been remarkably buoyant.
The " fall trade " is progrcesing in • most satisfactory
manner, every branch of business is active, and full price.
are maintained. _ _

Mosey is gale abundant this week, and upon the whole
we Mies is sues buoyant feeling in g•aaelal einass. The
sup* eif aloft fee tits steamer of to-morrow is much
luersaNd by t►e Peausylvania it. R. and other loan.
taken up fir emirs mount, and this rates in some instances
hare bus a Made lower. There is • good inquiry for
bagasse paper, sad upon good seinwities loans are easily

----..,,
obtained SS 6 to 6 per east. :—ld
notes and seceptences, abort, 61 to I. per annum ; oitto,
leas, 6 to 7 per ann.; Ist class single names (paper), ~ to 7
per ann. ; 2ead clam endorsed notes and acceptance., short,
7 to 8 per aan. ; ditto, long, 7 to 9 per ann. ; loanv on ft;
cerement and state stocks, 41 to Ii per ann. ; miscellaneove
securities, sto 7 per sun. 1 hero has been a good it. mead
for foreign exchange, which has been freely met: Loin%
110 to 1101 • Patio. 5.121 to 5.15 ; Amsterdam, 4el to
t4l ; Frankiert, 401 to 41 ; Llremeo, 71 tc 791 ; !lumbar&
30 to 384.
'orrox.—The market to-day has been very quiet, the
sales reported on Change being only 2.in lades. Trio stock
in this port is very Ugh', and the quantity on sale conse-
quently too small to exert any material intluruce on prioL
The little offering, however, is too much for tho demand,
and parcels consequently are obtainable at tally I ant.,.
ductiou. The coarse of prices now depend mainly on the
weather during the next sixty days, for the Avineri of id,
in Liverpool during September, wonaryn nt ou the tot.
favourable crop advice* transmitted per CaLada, Aid, otd
succeeding steamers, would not even sustain, prices on this
side, if tine weather up to the date of receipt con-
tinues favourable as it ISOM ii. We are tidriferi
by the Pacific that Spinners in Great liritaia
hold a much larger reserso stock than has gensrally
been supposed, end are cautioned not to be deceired by
the appal% nt consumption. Moderate prix, and the great
abundance of money have it is averted, induced spinners
to steel themselves very heavy to tuard against any eon.
tingenev ; and, In proof of the opinion, we are fete:kJ:o
the declared value of exports of manuluctuiNl goods sod
yarns, very little in eac^ss of last season. The excess is
consumption Malt, therefore, be either in stocks of Wanes
factored goods and yarn., or in the row material in 'pia.
non' war. houses, for we do not believe that the tedrie
trade, although prosperous, has consumed tne es.t.ers ste
down to increased consumption. As we are all advised this
there are nei.her stocks of goods nor yarns in esetw, we ors
driven to the conclusion that spinners hold a stock largely
in excess of last meson.

Other
Ationtw. Florida. Gti:i Puna,
Inferior
Ord. low to good
Mid. low to good
Mid. Our to fair ll4 to 114 to to
Fully hur !opal do .
Good to Ilas

FLonit.—At the close of the market tht re was a dirposi.
tion to sell, and but little inquiry for export. The rem
were, 4 dole. 23 c. to 4 dots. 311 c. fur columns to straight
State, and mixed to ',might Michi.4an, Indiana, At.:
4 dole. 311 e. to 4 dole. LO e. fur common to good Ohio.
New Canadian, in bond, arrivea slowly, and is of prod
quality ; selling at 4 dot•. 371 c. to 4 dub. 60 e. Sour is
wanted at 3 doh. 621 e. to 3 dolt. 811 c. Southern kinds
are steady, and in light stock, and with • fair inqui►y for
°snort to London and the West Indies, Baltimore, Ales.
andria, Petersburg, and ( icorsretown, 'telling at 4 dol.. 44 e,
t0..4 dots. 621 e. for common to vuoil hunt's. Rye Hans u
firm at 3 dole, 871 e. Coro meal steady at 3 dol.
for Western, 3 dull. 73 c. fur Jersey, and 3 dubs. e. far
Brandywine.

Gitstx.—The late English advice', confirming the pre-
lieu, reports of blight nail injury to the wheat crop, give
firmness to our market, and will prevent as low pr.ers as
our present crop under nth( r elreumstanees would irrant.
Prices of the better sLipping rrinlities vary but iittle,
whilst the inferior grades are borer. Genesee ors urea
wanted fur the London ruarket at lOrie. to ll2e. for for to
prime white; mixed, at l' fie. to 107 c. Ohio sells more
freely then any other IiCF :r lotion for export, at 91e, to Ac.
for red and common mix..d; inival and good to prime
white, 104 c. to 107 c.; fair to good white Michigan, Pik. to
104 e.; Canadian in bond, tnie. to !Gr. for ordinary to fait
old, and 100 c. for fair new. nye, of the old crop, r.:Aree, at
8.5 c. WAS, 47e. to 48c. fur mute. Barley, 77e. to ;Vic. In-
dian corn, for home use, L rings 70c. to 72e. tar good
Western mixed and Southern yellow.

FIIZIOUTS.-20,000 bushels of wheat in hulk was en-
gaged for Liverpool to-day at 30., and 16,000 bu.belc at
bid. We quote :—To Liverpool—Cotton per Da •;.i.:1;
flour and meal per narrel Is. 4d. to Is. G l.: heavy c..,ds
per ton 16,. to 17s. 6.1. To London—Tobacco per hh,;
to 301. ' • Floor per barrel Is. 10d. to 25.; turpentine yer
220 lbs 24. ' • measurement goods per ton 21k. to ; heavy
goods, oil, &e., 17s. Cal. to 225. Gd ; cheese, _is.; loof per
tierce 41. to 4s. 6d. ; oil cake per barrel Is. 9.1. To Havre—
Cotton, square baes per lb tc. • ashes per ton klolv. to
&doh. ; Quercitroa bark do., Giols. ; measurement goods
du., 10dols. ; whalebone, &e., ic. ; flour barrel, 50e.

CANADA.

Our correspondent writes ss follows:
QUEBEC, szrr. Is

After a protracted debate of four days the Clergy Reserve
Resolutions of the ministry were brought to a vote at:two
o'clock this morning, and carri. d by a large majority, the
votes being—Yeas, 52 ; Nays, 22.
This debate has been the longest and mo.t acrimonious
that has been witnessed in our legislAure since the pass2ge
of the celebrated Rebellion fosse, Bill, and much personal
ill-feeling has been manitestid. During the debate the
ministry several times cap, eesed themselves in favon of
secularizing the reserves the inament they obtained the
power, and Mr. }Lacks, the leader of the house and the
government, stated this moving that he did not believe
any settlement or arrangement short of secularisation of
these endowments could be made that could prevent agita-
tion on the subject. A large and exceedingly active portion
of the population of Upper Canada will never rest satisfied
as long as any state aid is given to religion.
The resolutions of Mr. Mucks are very strongly worded,
and they demand the unconditional repeal of the imperial
act of 1840, in order to give our legislature the right to deal
with the clergy reserves, unfettered by imperial control.
The house and country are nearly unanimous in demanding
this much as a Canadian right, that has been recognised by
British legislation, and the deliberately-written opinions of
the law officers of the crown of England. The resolutions
only ask this right; they are silent as to the disposition of
the reserves ; and on this last point I believe there is much
difference of opinion.
This Clergy Reserve question has been the principal topic
time my last letter, and even railroads have been forgotten
fur it. There is no doubt that the present high.churcii tort'
ministry of England, will make a mistake if they hi sitate to
accord the prayer of the address of the Canadian parliament.
The population of the two Canvila: now numbers ale two
millions, and the people are nut of a temper to give up a
Canadian right; and especially a right so well recognised
as this particular one has been.

COMMERCE OP BELGIUM.—From the comparative
tables of the commerce of Belgium lately published, the
situation of that country appears favourable, the improve-
ment visible in several articles during the previous months
still continuing, so that there is every reason to expect that
the result for 1852 will surpass that of preceding years
The augmentation in corn increases considerably ; the dif-
ference in the Importation in wheat, rye, oats, and barley
over the exportation having risen from 60,851,000 kilo-
grammes in 18.51, to 86,270,000 kilogrammes in the present
year. The very considerable quantity used in home con-
sumption has caused no diminution in prices, but, on the
contrary, a constant progression ; a proof of the necessity
' of laying in a considerable stock, and a further evidence in
favour of the existing legislation on the corn laws. In
importation, all the principal articles of commerce show 32
augmentation, which in several of them is considerable.
Compared with 1850 and 1851, the importations of the
lint eight months of 1852 have increased as follows
cotton, 6,719,000 kilogrammes; coffee 3,601,000 klieg,.
rye, 2,201,000 kilogr. ; tobacco, 1,212;000 kelogr. ; leather,
60,000 kilogr. Item sugars alone have experienced a slight
decline, being, as compared with the two preceding years
695,000 kilogr. less. In exportation the activity still con-
tinues, and is developed principally in articles for manu-
facture' ' • the amelioration, although very satisfactory, is
leas general. With regard to flax, the increase, as compared
with 1860 and 1861, is as follows flax 1,563,000
kilogr.; threads, 22.5,000 kilogr.; stuffs, 430,000 kilogr.
In iron a certain fluctuation has been visible, compared
with the two preceding years, showing a diminution of
7,60 tons in cast iron, and of 714,000 kilogr. in nails ; on
the other hand, there is an increase of machinery of
179,000 kilogr., and of the valise of 186,000 fr., in firearms.
Other articles also show a considerable relative increase—
window glass, 2,151,000 kilogr.; raw et,d rolled line,
360,000 kilogr. Relined sugars have experienced a dimi-
nution of 925,000 Mawr., principally in the imports into
England ; and cloths have declined 62,000 kilogr.
TESTINONIAL TO Mu. IVALLACE.—Mr. Wallace,
well known as the late indefatigable member for Greenock,
and the zealous advocate of cheap postage, having fallen
on evil times in his old age, a committee was formed is
Greeuock in 1850, with the laudable purpose of raising a
fund to make permanent provision for the honourable gen-
tleman's declining years. The committee have succeeded in.
raising a fund which will secure en annuity at the rate 01
6001. per annum. The ceremony of presenting this hand-
tome testimonial, in addition to ii bust of Mr. Wallace, exe-
cuted by Mr. I'. lark, took place on Thursday evening lent
in Blackball-orate Church, Greenock, in the presence of
the Provost and the principal people of the town and
surrounding country. Mr. Wallace. on making his ap-
pearance, was loudly cheered. A report of the prom
of the committee was read by Mr. A. Dennistoun, the iletai'4
being closed by the following paragraph o Your ,m-
-mittee have the satisfaction of reporting that while they
cannot state that their efforts have met with the success
which they believed they. deserved, they have secured
to Mr. Wallace a testimonial worthy, at least, of his am
eeptance. The subscriptions under the charge of this
committee, along with the contributions to the private fund
already referred to, would together be represented by in
annuity of 5001. per annum ; and as the committee were de-
sirous of providing some permanent and more public testi-
menial of the labours of Mr. Wallace, they engaged tic
service of that eminent sculptor, Mr. I'. l'ark, of Edin-
burgh, who has produced the bust now on your table,
which the committee propose to present to Mr. IVallace this
evening. and they recommend that the town couned of
Greenock shoulo be respectfully requested to procure a
copy of the bust in marl le, to be placed in the town hall, to
commemoration of the great public services of Mr. Wallace,
the first representative of Greenock, during the four parlim
meets of thirteen sears he represented the burgh." or. J.
F. Maefurlan, li'dinburgh, proposed the adoption et the
report, which was seconded by Bailie Campbell of Greenock,
and unanimously agreed to. Mr. T. Hamlin, the convener
of the committee, then presented the testimonial in a
gracenal address. Mr. Wallace acknowledged the testi-
monial in a speech of great length, in which he gave an ito
tinseling review of his whole public life ; after which the
proceedings terminated.

gbe Court.

.BALMOR.LL, Oce. 3.

Iler Majesty and Prince Albert drove yesterday
the born of the Vat.
$l, Edwin Land►ver arrived at Balmoral yesterday, sad
mama. us a emit to her Majesty.

A deputation of the meal Beard of Health for WM-
eaosistiart of Mr. Edwin Arthur &nays, Mr. hoop%
locket, Mr. Ueorge Otaharn, Mr. George Rlll6OO.
NW Xt. licillhati Sargent Clerk, had an interview with the
tkaerst Board y.sterday, at their ottlee, Whitehall, foe
airier on the drainage works required for that suburban
Ler.l Loraine had an interview with Mr. Ilserotary
y..terday at the Ilome-olltee.
Ik.ratchet were reeeirrd yesterday at the Colenial-oMee
Lona the Uorsroon of Van Diet:wall Land, trabraltar,
pa Malts.

PFATII OF PRINCE. GCRTAVCS OF SWEDEN.—
Ftime thtfl.vto. Out, of and second son of the
Ktr, of Sweden, died at Chrediumot on the 24th ult. He
Lieirel three on the 16•1 ult. with their Majesties, and ono.
of iadie,. Aitioti. On the following d.iy he MY
• ith rioksit fewer, which ended fatally.

ANl.%%rr. Orr. '_.—The Hon. Mrs. Villiers and
LID .1r 01.94 pet, 911 y. by the General Steam Navigation
0,04,02).• Ma am slap Kin cusbourne from Loudon.

1111:11*.IRDENNIIII, OF THE CINQUE POUTS.

We understand there is no foundation for the
,!,;,,,,st "Lich hu appeared in the papers, that the Earl
p, dg has received the Wardet.ship of the Cinque Ports.
We have. on the contrary, reason to believe that his lord.
ha altised her Majesty to offer it to the acceptance of
Lop: I) sibousie, whose absence in India may for some time
lenient the actual appointment front taking plate. In the
mina tie., however, the duties of that office will be tem-
poral:l ,locharged by the Earl of Derby. Morning
/let,t-er