The Express.
London, England, 1849-12-05 00:00:00

THE NAVIGATION LAWS AND THE

GOVERNMENT.

A correspondence has recently taken place between
the Chairman of the Liverpool Ship-owners' Association
and the Board of Trade. The former expresses his desire to
know what foreign countries have agreed to reciprocate will
this country, and what countries have refused, atter the lit
of January, to piles British 'hips on the same forting in
their respective ports as foreign ships will then be placed
in British port: ?
In reply, the Board, through Sir Denis Le Merchant,
state that :
" On reviewing the whole of this correspondence after the
paving of the act, her Majesty's government came to the
conclusion that it would be unnecessary to make any pro-
posals to the greater number of the states in question, with a
view to ebtaioing (Lan them any particular concession in
favour of British vessels.
"As regards the important maritime countries of Ger-
many, Prussie, Hanover, the Hants Towns, and other
northern powers, also Denmark, Russia, Austria, the
Italian &ate., Grieco, and the Ottoman Empire, it ap-
peared to her Majesty's government, from the information
they had received, and the general accuracy of which they
sea no reason to doubt, though they cannot hold them-
selves responsible for all its details, that the treatment of
British shipping was, with triflicg exemptions, to or arly
the same as that of national vessels, that it would be
sufficient to coumunicate our recent change of law to the
government of those countries, without accompanying that
maarawaicatiss with may pesticide: demeada.
" This observation equally applies to the states of Central
and Southern America.
" With regard, however, to Preece, Spain, Portugal,
Haland, Belgium, Sweden, and the United States of
America, it was thought necessary to adopt a different
course, and to hake such steps as appeared best calcu-
lated to obtain from the gov,roments of those coun-
tries a freer admission of British ship' ing into their
ports.
" In the ease of Sweden these proposals have been frankly
accepted. and I enclose herewith a copy of a decree of the
King of Sweden, placing British vessels on the same footing
as Swedish in the porta of that country.
"In the ease of the United States, I am also to transmit
to you the copy of a notification, that British ships will, after
the Ist of January next, be admitted to the same privileges
as ships of the United States, in respect of the foreign trade
of that country.
" From the foregoing summtry you will perceive that in
the greater number of the countries with which our com-
mercial relations are the most important, British ships will
henceforth be treated in most respects on a looting of
equality with national vessels.
'• With regard to the other powers which I have named,
my lords can only say at present that no definite answer has
as yet been received, though in some cases, at least, my
lords believe there is ground for expecting that satisfactory
arrangements will be made.
Should such arrangements be concluded before the Ist
of January, my lords will lose no time in making them
public, for the information of the shipowners of this country,
and other parties interested in the matter."

EBENEZER ELuar.—This remarkable man and
original ;poetorhose .death was announced in the Express
yesterday, was born the 17th of March, 1781, being one of
eight children. His lather was a clerk in the iron-works at
Masburough, near Rotherham, with a salary of 701. a year.
Of his early life little is known : the anecdotes
which friendship has gathered from his conversation
represent him as uniting great poetic sensibility with
much practical inaptitude. On leaving school at an early
age, and dircoverieg great deficiency in arithmetical attain-
ment, he was placed by his father to work in the foundry,
and it is recorded that a sense of his shortcomings often
caused him to weep as, coming dirty from his work, he
saw the invoices or drawings of his brother Giles.
Mr. Elliot commenced life as a working-man ; he came
to Sheffield under peculiar circumstances, and some hundred
and fifty pounds worse than nothing. After much exertion
and endurance he was favoured by fortune, and he was wont
to relate how, sitting in his chair, he for a time made his
twenty potteds a• day, without even seeing the goods that
he sold. The corn laws saoiled all that, and made him glad
to get out of the business of • bar-iron merchant with part
of his earnings, the great panic of 1837 having
swept away some three or four thousands at
once. H. first place of business was in Burgess-
street; the house is pointed out at the right-hand corner as
you go up. Removing hence, when business had increased,
he estabbsbeel his warehouse in Orbrslter•street, Shalesmoor.
Shortly after be built a handsome villa in the suburb of
Upper Thorpe, whence he could behold Sheffield smoking at
hie feet. The counting-house where Ehenezer Elliot made
fame as well as fortune, was strangely furnished—iron bars
joetliory Ajax and Achilles, for the classic poets were great
favourites with our, rhy mer, althoufgh he could enjoy them only
through the medium of a translation. Elliot has been called
the Burns of the maeufacturing city. His honest natured
heart saw with indignation Monopoly rob Labour of its wages,
and convert plenty into famine. He attacked the bread tax
most manfully. lie sent out, right and left, " songs, sar-
casms, curies, and battle-cries," among the people. To his
alarm "Up ! bread-taxed slave," &pend ceased not
to respond till the corn laws were extinguished. Sick-
ness for six months visited him at intervals with in-
creasing severity, but hie habitual serenity once for-
sook ►im ; indeed, this was • period of great mental
activity. On Saturday, the lit inst., he drew his last breath
at Argilt-hill, near Barnsley. Of five sons, two conduct the
steel business of their father, and two are clergymen of the
church of England. Re has also left a widow and two
daughters.

MONEY MARKET.

TUILSDLY EVJNINe.

The English Stock Market has been very firm to-
day. There was more business done for immediate
transfer than for the 12th inst., but the amount nego-
tiated was not important. Console opened as they
left off yesterday, at 93a to j for money, and 931 to Z
for account, after which they oscillated between 951
and .1 for prompt; whilst fur account they remained
perfectly stationary. They closed with a firm
market at 951 for money, and 951 to I for the
12th instant. The next account is fixed for the 12th
January. The Three per Cent. Reduced marked 941
and 1. The New Three-end-a-Quarter per Cents.
were more extensively dealt in, and gradually im-
proved from the first price, 951 to 1, at which, they
were last done.
Exchequer Bills were stationary at 461. and 495. ;
ditto, 5001., marked 495. and' 475.; ditto, Small,
realised 525. premium. Long Annuities, 8 7-16.
Bank Stock, 201 and 1. South Sea Stock, 1051.
India Stock, 2601 and 263. India Bonds, 84s. and
81s. premium.
The foreign market has been equally firm, though
with less business doing. Equador Bonds realised
41, and closed at 4. This advance ismicribed toareport
that the Equador government is about to make some
arrangement respecting them, but of what nature has
not transpired. No further improvement took place
in Spanish bonds, and very little was done in them
to-day. The upward tendency of this stack during
the last few days has received a check, cccasioned, It
is to be hoped, by an impartial inquiry into the
grounds on which the movement rested. The trans-
actions reported are, Brazilian, at 88 ; ditto, Small,
at 87. Buenos Avret, at 47. Chilian Six per Cents.,
at 971; ditto, Three per Cents., at 57 and 561.
Danish Three per Cents., 1825, at 721; ditto, Five
per Cents., at 99. Equador, at 4, n, 41, and
last at 4. Grenada at 161 and 1. Mexican (ex Ja-
nuary coupon) for account at 271 and 281; ditto,
Small, at 281. Peruvian Four per Cents., 1849, at
54. Portuguese Five per Cents., at 82 ex. div.;
ditto, Four per Cents., for account, at 371 and 1.
Spanish Five per Cents., for account, at 19, k, and 1;
the Passive debt, at 4; the Three per Cents., for
account, at 381 and 39'. Venezuela at 291. Two-
aneta-Half per Cent. Dutch at 55/ and 1 ; ditto
Four per Cent. Certificates at 831 and 1.
Hamburg advice. of the 30th of November men-
tion the appearance of severe frost, which had closed
the navigation for a time to the great inconvenience
of many outward bound vessels then in port. It was
generally considered too early in the season for the
permanent closing of the river, and the inconvenience
it was expected would be only temporary. An active
demand continued to prevail for coffee, both in specu-
lation and for the interior, and prices had ad-
vanced fully 1 Schilling, with a tendency to fur-
ther improvement. Good Rio of the new crop was
quoted at prices equal to 475. to 48s. 2d. net per cwt.
The sales of the week amount to 65,000 bags Rio,
2,060 bags East India, and 1,500 bags Domingo. In
sugar there was no improvement to notice ; and
holden continue ready sellers at the present low
prices. The sales of the week amount to about 4,000
packages of different descriptions. In cotton nothing
had been done, owing te,the continued small stocks.
The market was very firm for pepper and pimento.
The stocks of cassia lignea were very small. Cocoa
was gradually becoming firmer. Several parcels of
palm oil of first quality had exchanged hands at 22
marks. Coca-nut oil was rather lower in price. In

while oil, whalebone, ashes, rice, and dyewoods
nothing deserving special report had taken
place. Spelter to the extent of 500 tons was nego-
tiated at 10 roams banco on the spot, and at 101
for del:very. Funds were firm, and in Spanish
Three per Cents. a good deal of business had
been done; they were quoted at 2(1?, cub. Exchange
on London, 13.10 for three months.
Accounts from Mobile of the 10th communicate
that the weather continued fine for licking, enabling
planters to secure their crops in the best passible
order. Two or three white-frosts had fallen in the
immediate neighbourhood of the city, but the effect of
them in the interior was not yet known. The prices
in the cotton market were somewhat irregular, and in
the few sales made buyers had generally the advan-
tage of 4c.on previous quotations; good middling was
worth Mc. An American and cne British ship
were laid on for Liverpool at 7-161. for cotton, and, a,
afterwards, another American, at Zd.
DUBLIN erocK.B.—Ducarma Se

3 per Cent. Coosa; ----
- - --
---
941 / 41/
31 per Cent. Mock 91/ 10
Bank Stock
Four per Cent. Cite Deb. of 921. es. M. 72
Wicklow Copper Hine (U. paid) * 20
Cen.umers' Gas „..-............ ..... pi. paid) 4
Great Southern and Weavers 3l 10
Waterford and Lime:bk. ll/ 111
Se
EXCIRANO29 AND STOCKS ABROAD.
Hanzeito, Nov. 30.—Hamburg Three.andm.linlf per Cents., 861 gro
bills, 864 money; Hanoverian Five per Cents., 1051 bah, 105 money; go
itussira Engliih Loan, 1031 bills, 1031 money; Five per Cent. lint. Ha
burg Certifs., 98/ bills, 984 money; Ditto, llope and Co., 3rd and 4th at
Serino, 95 money; Four per Cents., Stleglitr, 041 bills; Promlan Five ty
prr Dents., Ic6 bills, 109 money; Danish Three per Cents., 701 IL
billy; Ditto, in £lOO shores, 71 bills; Ditto, Five per Cents., 95 124
bills. 914 money ; Swedish Hypothecation, Four per Cents., 974 bilk o ; to ,
Norwegian Four nee Cents., 991 bal. ; Spanish Five per Cent.. 111 00
bills, 11/ money; Ditto, Three per tents., 264 Wks, 261 money Ante. is
dean six per tents., 1054 bills, 105 money. Ezdiange on London. 89
Hamburg, Nov. 00, three months. 13.19; Bremen, Nov. 29, two is
months, 413; Petersburg, Nov. 16, three months, 37 7-16. ii
/Minot,'" the, 3.—Belgian Funds : Los" 1640, Five per Cents., 84
95/'
; Ditto, 1812, Five per Cents , 951 ; Ditto, 1849, Five per Cents., 9t,
951 • Ditto, 1844, Four-onolm-llalf per Cents, 874 ; Ditto, 16.34. te
Four per Cents., 931 ; Ditto, 1833. Tbr.vo per Cents., 64; Loan of 6;
the City, 1843, Five per Cent..., 93J. Bank of Delirium, Four per 6.
Cents., 74; lame of 1041, Five per Cents., 1021. Exchange on Loa. 10
don, 25.521. le
Aiorwake, Dee. 3.—Ezehange on London, 25.50. Li
Beaus, Dee. 1. —Prossian Five per Cent. , 1e64 mosey St.
Bobuldt rich., Three-and-n. 11,1( per Cents., lon bills. Exchanges; 15
Oa London, three months, 6.261 bills, 6.261 money; Hamburg, two 23
months, 1591 ldlls, 1:0 money; Paris, two months, 80 5.6 money. 20

THIS DAY.

Two o'Ctocx.
In the English stock market to-day an advance in 25
price has occurred, amounting in Console to / per to
cent. Consols were first celled 951 tot and steadily
advanced to 95/, to 96, at which they are at present sit
quoted bath for cash and the 12 h inst. The Thrie
per Cents Reduced have been dealt in at 94/ and / ;en
The Three-and-a-Quarter per Cents. at 95:, 1, and tw
Exchequer Bile, at 475. and 50s. premium. to
India Stock has been dealt in to some extent, at 2631, a
2,4, and lset at 261. :q so
A rumour is current on the Stock Exchange this
so
morning that the Chancellor of the Exchequer intends it
to endeavour to reduce the rate of interest on the g
Three-and-a-Quarter per Cent. Stock. In this aim NI
many permits think it probable that he wiP succeed. so
In the foreign stock market there is no particular LI!
change to notice with the exception of a decline in too
Spanish and Portuguese securities. The Spanish trz.
Five per Cent& are at present quoted 18j sy
to 19; atd the Three per Cents. 38: to 391. 10
Other descriptions are generally firm. The
!transactions of the morning have been rather exten to
-
sive, and consist of the following:—Brazilian, at Ili
so 88 and 871. Buenos Ayres, at 47j. Equador, at
4. Dutch Two-and-a-lfalf per Cents., at 55j ; the r
Four per Gen's. Certificates, at 83 ; Grenada at 161; g
do. Deferred, at 3;; ; Mexichn (ex Jan. coupon), at 281 so
and 1. Peruvian Four per Cents., at 54. Portuguese Id•
Converted, at 37 and 1. Spanish Five per Cents., at st!
181, ,„'-/ and 19 ; the Three per Cents., at as; and 1. St.
The Passive debt, at 3/.

dusk Steck. lON 3
I per Ct. Ital. AIM., 34i 5
per V. WI. Luau, lasj

ENOLIBII FUNDS.
13 per I.l.Cea. Ace.. 94 6
34 per (ALM I
Lacbiquer 4
.a Us.

FOUNION FUND&
Ipa Ct. Awitrlan Bondi, 1 per Ct. Urenada NIL. 16 17
4$ per Ct. Bela. Bowls. 36 7 taresada Deferred Dd.. 13 I
fi per Cent.. I per Ct. Met, 1644,284 3
a per Ct. Brazilian Ilds.. 379 6 per (3. Peru. ian ids, difi 43
Ditto New, IS 6 Furtugueee Cone., 37 8
• pur Ca Dante Area. 46 8 6 per Ct. flan. Bad., lie 10
lattu Chilian lids. ,126 8 18110 Ponied] lids, 181 IV
Ditto Column. bet Dda. 3 per Ct. lipalluil lids i 701 i
Culutubian &pram &la, 3341 Swint Deferred Dna,
3 per Ct. liankh lida. 72 4 mu. heeire 114§..32 4
24 per Ct. Unica Ma, SS I % per et. Vtuesuela sea. 38 3$
4 per Ct. /kWh torte. an a Venezuela Warred 1141 s, 910

MINCING-LANE.—THDi DAY. to
to
Brosit.—The public sales of foreign, chiefly consisting pa
of Havana, went a heavily, and a very large proportion 50
was bought in to sustain the market. Refined steady, at Mt
yesterday's prices. 25
IS
Correa.—There has not been a public sale today, neither 1,
has there been much done by private contract, but there az
are buyers of good ordinary native Ceylm at 515., but no so
sellen of parcels at that pries. Bt.
Rtcr.-1,600 bags of pinkey white Madras sold fa public
sale
sale at 9s. to 9s. Gd. ; inferior, 81. Gd., which is Is. advance :
upon the late lowest point. There has also been a large Ha
general business done by private contract on speculative ac- gt.
count. 20
Corrow continues dull, and sales could not be made with- 20
I
out giving way in prices. IS
Taus steady; fine Congou, of the new crop, sold at I
Is. 94d. per lb. 11
COCHINEAL sold at full prices. a
In other articles no material alteration. 6
Duty paid on sugar to last week in London, Liverpool, ewts. C
hriatol, Hull, and the Clyde
To the rune period lot year 3,511,492 13
so
--
Decrease 237,141 :41*
DUMB Pao OD nu IS 1649 ro user erase lts.
Lantos 21.80,2119 1.,,31
Liverpool
6
Bristol
Hull
Clyde ...... 1,911,613 10
Total
~,.•
Same time in 1648 .......
10

Inman 1,194,733

TALLOW MARKET.—THIS DAY. is
The market continues firm at the annexed quotations, 134
with considerable business doing both in Tallow for the
Ni
spring and for October to December, 1850. Petersburg '
Y. C. on the spot is quoted Ws. 3d. to 38s. 6d. • December to
delivery, 381. 3d.; January to March, 88s. 6d. ; October so
to December, 1850, 30s. 9d. to 40s.
21

COAL MARKET.—THIS DAY. so
Cares Hartley, 154. ; Heating 's Hartley, 15s. ; Walls so
End Haswell, 19s. 3d. ; Walls End Hetton, 191. ; Walla U
End Lstabtoo, 18s. 9d. ; Walls End Stewart's, 191.; Walls ho
Bad Tees, 191.—Ships at market, 49. at.

MARK-LANE.—THIS DAY. St.
Our market this morning was very thinly attended by 26
buyers, and Monday's rates were barely obtainable for the
English Wheat and Barley left over unsold from
that day's market, Foreign Wheat and Barley were
in very limited request, and their value scarcely supported el
even in the few retail salts made. Oats sold pretty freely
at the reduced rates of Monday. Beans and Peas unaltered. 21:
ARRIVALS INTO LONDON FROM Sth DEC. TO sth DEC. 20
Grs, English. Scotch. Irish. Foreign. gg
Wheat " .». ... INM I
10310 s
Oats 6O 4360 I 1:720 es
Flour. 1,370 Nuts ;
(For Country Markets sat last page.) so
so
_____

LEEDS, Dee. 4.

STOCL-Eiangsion.—There has been more business done SO
to-day. The prices do not show any material change in tie tone a
the market. This morning the quotations were :—Thirek Erten-
aims, No. 2, 31 dia. (still showing a decline in this stock)—North --
Westerns, 101 diu—Earwash Valley, 60 n.—North Western ( t.
shares), 31 Extensions, No. 3, 34 din.—Fast
9d.—York and North Midland (pref. shares), 3 din.