The Express.
London, England, 1848-03-22 00:00:00

AMERICA AND MEXICO.

By the arrival of the Ivanhoe at Liverpool yester-
day, we have news from America with dates from
New York to March 5; Mexico, 13th ult.; Vera
Cruz, Feb. 17 ; Tampico, Feb. 15 ; Monterry,
March 2. .

The intelligence contains nothing of importance.
At a meeting of the whig members of the Senate it
was determined to oppose the Mexican treaty, at
least in its present shape. It is probable that com-
missioners, nevertheless, will be appointed to negotiate
a treaty on a similar basis. However, the details of
the treaty form a subject of some dissension in the
Senate, and whether it be ratified at all, and what parts
of it will be struck out, is a matter of great doubt.
A democratic convention is announced to be held at
Baltimore on May 2, in reference to the approaching
election of President, and will, it is said, be in favour
of General Taylor. Should he be nominated by this
convention his election will in all probability be
secured.
News having reached the Mexican territories of the
treaty of peace, the American troops were being gra-
dually withdrawn.
The Britannia, which had been out 21 days, had
not arrived.
TROUBLES AMONG TUE COMMERCIAL CLASSES.—
Strong impressions are beginning to prevail in Wall-street,
that the next in months cannot pass away without producing
core Wettable havoc among a large class of our merchants.
The balance of trade, which by the treasury tables, appears
to have been against us for the last two or three years,
will not be so much the cause of this qualified revulsion
as the vast diminution in the prices of all staple com-
modities, brought round by the recent terrible re-
vulsion in England and other parts of Europe. The
dioinution of assets caused by the diminution in
prices of all commodities is tremendous. This, of
course, will make an inroad on the capitals of many of our
leading merchants, and place them entirely upon the charity
and liberality of the banks. Now, what can the
basks furnish ? What is the prospect ? The pros-
pects are, that the government, whether we have peace.
or war with Mexico, will require all the finding capital
of the country, even if no more specie should go to
Europe. Idooey will be scarce, capitalists will have
everything in their own hands; but the active Deafness
men, who depend on bank accommodations, will be left
in. the lurch betweeea diminution in their assets
and dimunition in bank discounts. Of course, such effects
on the stalep productions will reach real estate and other
speculative operations. The middling and lower classes,
however, will enost likely escape all the coming troubles. if
work should beware*, or wages low, provisions, clothing,
and everythirg else will be as low. The countrtis prodi.
giously rich in real production ; hut our rich men are actually
poor, and many of the m who drive horses, and patronize the
opera, and get up splendid fancy balls, will have to sing a.
different tune before the next fourth of July.—New York.
Herald.

COMMERCIAL.
The bill market is without any material change. Sterling
bills range from 110 to 1101. French bills 6181.
The prospect that the treaty will not be ratified has af- '
fected stocks. Treasury Notes arc down to'only 1 percent.
'premium. Dfcelly is getting tighter again.
NEW Youx, Mtinot s.—Owing to the continued absence .
of the Britannia there was some game in the market for bread:Mai,
and sacs of both-flour and grain were rather light, though priers con-
srm, nennaoenesee, OltiooNew Orleans, &e., were made at
the full quotations of yesterday. Wheat was firm, though no wales
were reported. Corn continued in •good demand: for samples of
grod yet. v and white, which were inlight supply, moderate sales of
different kinds were made at steady prices. Meal wss a shade
firmer. Sales of rye we/monde, to arrive, on terms stated below.
Provisions continued firm, and Sala of mem pork were made on terms
which indicated an upward tendency in prices.
BIUUDITML—FLova—SaIes orgoo bee. city mold, were made
at 6 dole. AM, done held at 6 dais. 374 a. • sales of 300 to 500 bbla.
were made at 6 dots. 4310. • and 200 ditto fair quality, were
::•iee= at 6 dole. 50e. • New Oriels was held at 6 dots. 2.5 c., and
Ohio at 6 dots. 161 e. to edole. 25c., at which mall sales were made;
sake of 3,000 bonen common Geneseeon were made deliverable be.
tween Me let of Maynnd 10th of e, 7sc. Wheat sales
of 900 hels Long Wand were madeat at 1 dol. 25e. to 1 dol. 266.
in ',matelot& Own : Sales of 3,500 New Jersey yellow were made
on
private term. do. yellow old, were Bald at 60c.; 12,000 do.
mixed SouthenshroughtSitc.; 500 do.white do. fair at
only brought
'6le. 500 do. Owes white, 650. Meal: Bales 200 to SOO bbla. New
Jersey, were made at dole. 660. to I d015.4524e. Bye: Was of
3,000 bushels were made, to arrive on the opening of the canal, at
We. Rye Floor : gales of 100 Obis. were made at 4 dola. Oats re-
mained steady at 49c. to 46e. for river. Beans: Sales of SO Min were
made at 1 doL 60. •
Corron.—The sales Loden Me reported at 1,600 beim taken
, by manufacturers chlefiy, and at ate full Weds quotations. Bolden
appear indifferent atotoriy offering thdr guerilla until after the arrival
Nur YORK Manz MABarr,—Friday, Muth Six

p.m.—rho stock market opened heavy • to-day, and priers fell
off a fraction; but sullen, are very centimes, preferring cath
operations to those on time -buyer's option. Prices for Tort
sury Notes and such securities are evidently forced down for
same puiymee, and it Is stated that the largest sellers are parties who
obtained a large slice of the but loan, and are bidders for the live
millions recently advertised. At the first board to-day, Treasury
Notes declined 1 per eent.
The amount of funds in the depositories of the United Slate*, to
the credit of the Secretary of the Treasury, on the 21st of February,
subject to draft, was 2,097,188 dela. Rt.; of thin sum, 1158,411
Ik. were in the sub-treasury of tide city.
BUFFALO, MAUCH 3.—Flour: Price& were up, with a
better demand, and we note sale, of 3,000 brie of Michigan at 3 dole.
Soles of 5,000 huh- at Chicago wheat were made at I dol. Provisions
were steady.
Boston, Mauctt 3.—The market continued firm, though
transactions were not large. Sales of 500 brio. good westrra
brands were made at 8 dots. 50c. Corn : Sala of 7,000 bud:tele
were made, including yellow and high mixed at toe., and white at
83c. Rye : Sales of 300 to 400 barbels common were made at 82c.
hats : Sales of 1,000 bushes were made at 480. There was more in-
quiry for pork. and sake of 1,0,0 turrets of mew were made at 10 dole.
Lead : Bales of 900 pigs were made at 4 dot,. 25e. Freights continued
inactive.