The Express.
London, England, 1862-12-11 00:00:00

COMMERCIAL INTELLIGENCE

NEW YORK, Nov. 28, 6 p.m.

The money market is tolerably easy at 6 per cent. to-day.
Commercial paper is very scarce ; first-tlau names still sell
at 4 to 5 per cent.; certificates of indebtedness, which are
becoming quite plentiful, sold this morning at 971, at
which rate they yield ►bout 101 per cent. per annum to the
bolder.

Gold sold this morning at 1294 ; afterwards at 129 and
1294, and closed this afternoon at 1294. Exchange was
dull to-day ; it was quoted at the close at 1424 to 1434 for
bankers' aignajures. Demand notes sold this morning at
122, dosing at 1214.
The stock market was dull and lower to-day, the follow-
ing being the last quotations:—United States fixes regis-
tered 1881,1034, 1034 ; Treasury noise, 73.10, 1034 to 104 ;
United States demand notes, 1214, 1214 ; New York Cen-
tral, 1014, 1014 ; Erie, 804, 601 ; Erie preferred, 904, 904;
Hudson River, 724 to 73 ; Haarlem, 214 to 214 ; Haarlem
Preferred, 504 to 51 ; Reading, 75 to 754 ; Michigan
Central, 884 to 4 ; Michigan S. and N. la., 38 to 384 ;
Panama, 157 to 158 ; Illinois Central, 77 to 774 ; Cleve-
land and Pittsburg, 404 to 404 ; Odium and Chicago, 80 to
804 ; Cleveland and Toledo, 884 to 664.
The cotton market was much depressed yesterday, and
middlings were nominal in price, at from 66c. to 66e. par lb.
Flour, wheat, and corn, were heavy, and tending downwards
as the demand was quite moderate. The sales of groceries
were light as were also those of the principal kinds of
provisions, including mess pork, at 13 dole. 12c. to
13 dole. 25c., and prime lard,which was down to 94c. to 94c.
No change occurred in the price of beef, butter, or cheese.
Hides, leather, wool, and tobacco were in fair demand, as
likewise were fruit, brandies, wines, hay, petroleum, and
the principal kinds of fish. There was no important move-
ment reported in metals, candles, seeds, whalebone, hemp,
or chemicals. The freight engagements were rather limited,
with less firmness in rates.

The steamship City of Washington arrived at
New York November 27, and the steamship Jura
at Portland on the same date. The steamer Africa
arrived at Boston November 28.

LONDONDERRY, Dec. 1L
The Canadian screw steamer Anglo-Saxon, from
Quebec on the 29th ult., has arrived here.
The telegraph wires between Quebec and Father
Point having been broken at the time of her de-
parture, the news she brings is no later than that
received yesterday by the Etna.

ITALY.

(FllOll OUlt OWN CORRESPONDENT.)
TURIN, Dic. 7.

A regular ministry has been at length formelt
after many vain attempts to form an irregular one
—attempts upon which Signor Rattazzi built his
last hopes. He obtained power by influences which
were not altogether constitutional, and even in re-
linquishing power he tried to disturb the machinery
of government. The country is wholly absorbed in
this question, and is heartily glad that it is now
settled. General Cialdini has displayed infinite
zeal and disinterestedness in undertaking, on the
part of the Crown, to confer with the more eminent
deputies, and to form a ministry from which he himself
was to be excluded. His soldier-like frankness
aided materially in clearing away certain obstacles
purposely placed in the way ; and to him more than
any one else the King is indebted for authentic
information respecting the opinion of the capital
and of the provinces ; information it was almost
entirely without until recently. The new ministry
will be a ministry of expectancy and preparation.
It will, I believe, present itself to the Chamber of
Deputies and to the Senate ou Thursday next.
Buoncompagni having been prevented by the,
resignation of the Rattazzi cabinet from replying
to it and its advocates, has issued another
pamphlet, in which he demolishes the system of
defence set up by the defeated ministry. The
author, moreover, declares that if he called the

ministry to account in the Chamber, he did so in
the exercise of a right and in the performance of a
duty. He adds, that the Rattazzi cabinet was ille-
gitimate in its origin, that its acts were ill-judged,
that the termination of its career was without dig-
nity, that its adversaries opposed it in an honour-
able spirit, and that if they are delighted at the
result, it is not from vanity but from a feeling of
satisfaction at the triumph of legality.
Every day brings to light some fresh fact which
throws additional discredit upon the fallen minis-
try. Count Persano, upon ceasing to be Minister
of Marine, was made an admiral, a post in which
he will be exceedingly well paid. The Se-
cretary of the Ministry of Agriculture
and Commerce was promoted to the Council
of State, where his services will also be
very handsomely remunerated. The secretary in
question, as you will doubtless remember, is that
same Signor Berti who commenced the series of
imprudent and ill-judged revelations that Rattazzi
continued to the very last day of the nine months
during which he held office. A brother of the ex-
President of the Council, too, had a nice snug little
post conferred upon him, in addition to other sup-
porters of the fallen ministry of whom I have
spoken in former letters. Until now the Pied-
montese administration was free from all reproach
on this score. Its purity was one of its glories—
one which greatly contributed to its strength.
Unfortunately, it can no longer be cited now as an
example to be followed.

WEATHER REPORT.-(THIS DAY.)

TIIIMSDLY, DWI:IW= 11, 8 LYE

SAW.
&S.W.
W.
&W.
N.N.W.

010
r