The Express.
London, England, 1851-03-08 00:00:00

for the let.* en dine March 1,1831.

I /M., 1,11.015,10 u
• .!`r..1.9.4t

(116,1 Coo 1.1 Malmo 13,734. KS
glacr ...... 33.3:5

f2T.772.244

ij.Z7l-7;;;;ot Seouitlas
ttheiwl. M.id4 £l4 lts (66
!,nuivtyl

~~~:

DR.103.3N
W. M A lOU A LL. Chief 1'.131•0.

The above returns, when compared with those for
the week preceding, exhibit the following changes:
Circulation roam
Circulation active 19,23.5,575 Increase 522,565
Public depooita 7,794,311 loco:Laic 177.330
Other deposits
Government securities in

banking department 11,144,696 Without alteration
Other wcuritien in banking
department
Coin and bullion in both _ . _

departments
&nu day and other lolls 1,043,596 Decrease 8,840
The Rest

,
The ltescrve

According to the official returns published in the
Gazrtte of last Tuesday, the total note circulation of
all the private banks of England and Wales during
the week ending the 22nd of February was
3,399,3371. In the week preceding the amount was
3,460,4681.; there 1.4, consequently, a decrease of
61,1311.

The note circulation of the joint-stork banks du-1
ring the some week was 2,671,319/., and the pre-
ceding week's return being 2,701,3321., the dccreuae
is shown to be 30,0331.

On taking into consideration the active circulation
of the Bunk of Englund which, in the week in ques-
tion, was 18,713,0101. (being 197,313/. less than the
week previous) we find the aggregate note circula-
tion of England and Wales to be 21,783,666/., which
shows, a deems° of 288,4791. as compared with
the returns for the previous week ending the lath
of March. - - -

As regards the fixed issues, the private banks are
I ,35905-161., and the joint-stock banks 738,6681. below
the amount authorised to be issued.

Moate's Circular states that in
Welch far iron a moderate business is doing ; several par-
cels of P. F. C. and W. C. in second hands have found
buyers at 41. 155., free on board in Wales. The last accounts
horn the Indian presidencies holds out but little inducement
to ship to that part of the world, in the face of heavy stocks
and high outward (night. In rails there are huge buyers
at 51. and .51. 2s. 5d., but the makers are not disposed to sell
under 51.58. Staffordshire iron is in good demand; most
of the makers arc full of orders, especially those whose
brands are in favour with the United States. Scotch pig
iron is very dull of sale, still there are scarcely any parcels
pressing, either in this market or at Liverpool ; the prevail-
ing opinion is, that prices have for the present reached
their lowest. A recent attempt has been made by most of
the makers to form a combination to blow ont their furnaces
to the extent of one-third, so as to reduce their production;
at present, however, the attempt has been unsuccessful.
The Lot accounts frum New York show a handsome margin
in favour of the shipper; the quotations were 211 dollars,
and strong buyers. Swedish iron—The stock is unusually
low, and may he intimated at not more than 500 tons, in-
cluding heavy sizes suitable for steel purposes. Swedish
Steel.—Several small parcels have been purchased for the
Meilitiminean. Copper is steady at the quotations. Yet.
low metal sheathing in good request. llntish Tin.—Com-
mon is without much inquiry Lretined is scarce. Foreign tin
is firmly held ; Banos may be quoted at 871. lOs. buyers, $Bl.
I sellers. Spelter.—Not a transaction has transpired. Lead
continues very lively, and considerable orders are in course
of execution for New York ; the last quotation from thence
was 4 duls. 75c. per 100 1b.., with an upward tendency.
I Tin Platen—A good demand exists at present rates.

i.-..
Itf
NI
le

THE POWDER MAGAZINE AT LIVERPOOL.—LIVER-
row., Tneasnay.—The subject of the powder magazines,
which has already commanded much public attention,
formed a prominent feature in the Liverpool Town Council
yesterday. It had been expected that Colonels Ilardinge
and Waters, who had been deputed by government to
ascertain the most appropriate site for the future storage of
the powder, would snake an actual survey, and for this
purpose the local officers were instructed to afford them
every information and assistance in their power. Much
disappointment was, however, expressed in the town coun-
cil that the government commissioners had confined them-
selves to the reception of a few deputations. It was con-
, tended by members of the finance committee that souse
arrangement should be adopted less dangerous to the lives
and property of the inhabitants of Liverpool than the pre-
' sent, before the removal of the magazines took place. It
had been hoped that the pinion of the above-named dis-
tinguished officers of her Majesty's ordnance would be
directed to this object, but it was confidently asserted that
neither the report of the commbsions, nor the letter from
Sir George Grey, had the slightest tendency to produce a
satisfactory settlement. They seemed tenaciously to adhere
to the establishment of floating magazines in the Mersey.
by which, it was urged, the danger to the inhabitants of
Liverpool, and especially to those at the south end of the
town, would be augmented tenfold, in addition to which
those magazines must necessarily be placed in the track of
the steamers coming daily and hourly from the upper its
of the river to Liverpool. Were an explosion to take place,
the general opinion expensed was that, in the event of such
a disaster, there would not be a dock quay left in Liver-
pool, nor a ship which was not left dry. The greaadd
culty seemed to be that the present lessees, enjoying mo-
nopoly of the gunpowder trade under a special art of par
liament, would claim compensation for the abrogation of
that monopoly, and it seemed to be the intention of govern-
, ment to throw upon the town council the charge of repeal-
' big that public act, and thereby saddling the town with
the compensation to the lessees. The magazines usually
contain trona 800 to 700 tons of powder.

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