The Express.
London, England, 1865-12-04 00:00:00

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JOHN BROGPEN.
, morenmentce, asin
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1 ! 1 d'IRIGINAL GOLD CHAIN DLANUVACITORY, protective m
le, HEHRITITA-ST . o_r-----RZL'T LIFT.GARDIN. drainOf
r
JOHN BROODEN'S GOLD CHAINS. reduced t 4
---------------- di, =mist
JOHN BROODEN'S GOLD GUARD CHAINS. too .4,04,..m
--______—_-_-- a ~..,:.‘,- _,
JOHN BROGDEN'S GOLD ALBERT CHAINS. ourls'il7az
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t‘
1,
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'
I'OHNEROG
DEN'SbOLDBROOCHCHAINS.
IP ------------
Bible that I
tained that
WINTER OVERCOATS of the BKST to destroy t
MATERIALS are kept for inspeLtion or sale at,
HAMILTON and KIM MN'S,
Tailors and Overcoat. Makers. One thing vi
medy his b
106, STRAND. opposite Exeter EMI. now see. 0;
11- .ONDON must have a Supper and Music Ronal cent in a o
14 for Gentleinen.-Itemember we iciit for )ou at EVAN,'S Stares 17
after the Covent Gar" ral__--------+"OPe the Theatres. a ~;
..me-can E
-- - -------- orders, not
i fl it v
Errelso. will, or of
the reeourc
t
weruuments cause we Cl
, mist tiarit ?he" C°
_ .. .61'11S" P°lll.WDtzgeZalCirlati" el.. 11%::, IlLsTreniwn: for
the trallißi
rot% cm she day m oessicaues. 10.
count!.
1 s.': -------
H dical dead
AYMARKET.
THIS EvEleuso. THE OVERLAND ROUTE. Sle,..r, Buck- • jog in full
i Mow, e. Mathews. and Compton ; Mesdames Mathews, Snow-
den Hill, & Wright.-W HO KILLED COCK ROBIN l Messrs. C. figgggierg '
Mathews andetuppendale ; Mrs. C. Mathews. -And the BALLET.
eerily The the
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PRINCESS'S. drat
I I . THIS tvernts, QUIET WD.
Messrs.
thing.NOS.-After %bleb
Mel IT IR o rem
NIVIgt TOO LATE TO D 1 G. , "'"w
T. steed, D. wormy, te. Camera, F. Willem J. G. Shore, O. Mar• to be erro
ray, and L. Cathcart : Mimes L Moore and K. Rodgers. the Bank
i LYCEUM. b;ghertlu
THIS sviorso, THE DAY AFTF.R TIIeWEDDING. Mr.
and Mrs. Herman.--THE WATCH CRY. Mews Feebler, were:
rick,
''il i I rsidWiddlocrrill Mr7rl4.ll°AinnU mum, atm..lopor
. •
BEITANNII. Expos
THM ammo, WARWICK, TEE KING MAKER. Mr. Drum- In Oc
mond. Mrs. Yam:dd.-The D'Aubens.-01mar. King of Gymnast.
-With ROSALIE MORTIMER ; OR. FAIR AND ITS VIC- same, ad
TIME. Mews. Reynolds and Cranford: Mrs. S. Lane. still 2 pe
-- - - -- totals we
HIGH WATER AT LONDON-BRIDGE.
Impel
THIS DAY -.Morning, Oh. 3916 ....Afternoon. 36 nu.
To-sosaow -- Morning, 36 211 a- . „Afternoon, 36 AnaExpo'
...----------•. Anotb
LONDON, MONDAY, DECEMBER 4. accounts
l• ~..---.• sent in
• i i ALTHOUGH the Board of Trade returns for the matinee
4
month of October compare very favourably with fore evi
those of the same period of 1864, they also indi- being se
. . t sate that the hitherto steady progress in our com- purchui
-, • merce from the commencement of the year has meat c,
, received an important check. It is true that with questiol
i ::
i the exception of September our exports were larger tuanent
in October than in any other month ; but the Neither
difference between these two periods is not the less change
l
, remarkable. Annexed are the official figures for they arc
1865: impoasi
I.
~ January 00,489,339 rules as
•1 February 11,376,214 transac
1 i Marsh
April 12,071,111 from.
May
June 13,V7,062
1 July
Augnst 14,158,648 due to
September
October
A sudden decline is thus shown in the latter cent. I
month of 1,769,4561., or more than 10 per cent. neat, I
I The reduction is spread over nearly all the leading Septet
staples, but is especially marked in cottons and ports 5
i woollens. The following table shows the decrease The fs
. I. in some of the moat important items : remelt
I Quantity. Value. to exp
Cotton yarn 4,167.868 lbs. 053,244
Cotton
Manufactures, pisoagoods,haber-
daahsry - 116,369
I
[ Linen manufactures, piece goods 2,117,095 yule 92,251
Iron
Silk manufactures
11 - 57,043
Woollen manufacturee,clotbs,Ac. 9,996,493 yards 554,517 La,
I Almost the only articles which show an increase ;au.,
I are hardwares and machinery, and in the former class
case the augmentation is trifling. In analyzing most
I the exports to the various countries of the globe, ibunri
. 1 the most notable falling off is shown in the United
he wa
States. Although we still shipped considerable Finis
I .
:i quantities of goods to that quarter—the increase, of die
comparing this year with 1863 or 1864, being of 'moo
'1
' unprecedented magnitude—the totals were gene- of tin
i
I ',,
V rally leas than in September. Hence it is not impor virtu
table that the apparent activity in our American with'
';
• , by a 1
ji
1 trade during October arose in a great degree from
occm
II the completion of unfinished orders in the previous lice,month. To decide this question, however, we Th
shall have to wait until the publication of the chin
November returns. Taking the seven leading Threl
articles exported by this country to the United °I th
I ' States, it will be found that cottons and hardware* tj'al‘
fieldil
t I have alone maintained their position. Subjoined say,
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:
I are the declared values of September and t,,,,
October : Cerl
September. October. havi
Cottons - £443,942 the
Haberdashery - 99,899 belt
I;
.. i Hardwires - 74,371 coal
Linens 512,703 - 430,583 goy
it
Silk Iron
178,642 - 150,453 i'
39,624 - 32,865 co.
I Woollens 826,053 - 502,860 eve
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1 Totals £2,098,733 £1,734,973 on
Thus, notwithstanding the actual improvement I
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in cottons and hardwares, our shipments to the OH
H United States under these principal heads were P°l
• I fully 17 per cent. less in October than in Septem- Tb
rte,
1 her, and in the other items the reduction has pro- lr:,
bably been at the same rate. Since the actual i,,-,
1 ' difference shown in the total exports is a little over it
1 I : ' 10 per cent., it follows that our American trade Oa
has chiefly suffered by the late check, a point the It
I I 'I '.
; more to be regretted since the increasing com- b'
i, l mercial relations between the two countries were r°
\H t evidently tending to remove those international ccaa
i t t
Ir ; asperities that have proved the unfortunate legacy a
I of the late civil war. a
I The sudden decline in our trade has been readily vi
i A foreseen by those who have carefully studied the m
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events of the post two months. It forms, indeed, b
It
the logical consequence of the action the Bank g
was compelled to take at the close of the last a
iquarter. Proof positive is now afforded of the e
1 1 ' mischief that is entailed by the maintenance of r
. ,
1 1 \ our existing currency system. It rarely happens I
!
! that so plain a demonstration of the evils of any I,
particular law occurs as in this instance. The facts
i can be briefly recapitulated. Peace having been I
restored in America, a large and profitable demand ,
'I
arose from thence for our manufactures. In order
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1 to supply this demand, which no one has for a moment
attempted to dispute as a legitimate extension of
our trade, the requirements for the currency be-
t
t came more considerable than usual. Hence a
i ) .
1 kil 1
r , temporary drain upon the resources of the
. Bank. So far from this being an alarm-
ing feature, it could only be considered by all I
classes as a satisfactory indication that once 1
1
, . r
more the commerce between England and America
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would resume its old proportions. Certainly our
manufacturers were not backward in doing their
part, but their exertions were suddenly paralysed
I . by the necessity which the Bank felt to protect
l . its reserve, the consequence of which was a
ill 1 rapid rise in the rate of discount from 4 to 7 per
i cent. The eflect of this measure was of course to
I , render business so unprofitable as to stop it alto-
gether. By this means the notes borrowed for
I 1 legitimate and lucrative transactions were gra-
-1 1 dually forced back into the Bank. There is no
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