The Express.
London, England, 1847-12-03 00:00:00

LATEST INTELLIGENCE.

THIS DAY, Four o'Clock.
By the packet-ship Fidelia, Capt. Yeaton, we have
accounts from New York to the 16th ult., being one
day later than those previously received. The Fidelia
bnngs 60,0001. in specie on freight. The Washington
steamer, which was to leave for Southampton on the
18th ult., will, there is reason to believe, bring a
large amount of specie. The markets generally re-
mained much as when the Caledonia left; the ten-
dency
was, however, downwards, except in I
cotton. Exchanges continued at 9, to 10. Treasury I
notes, paying 6 per cent., had fallen to par, and in
consequence would be used in payment of duties, in-
stead of gold and silver coin. This it was expected
would lead to the suspension of the sub-treasury law,
which compels the government to pay in hard coin.
Upon this subject the New York Express says :
The sub-treasury is virtually repealed to-day in Wall-
street, United Staten Six per Cent. Stock, with 41 monthly
interest on, is telling at par, which is, in fact, 971. Treasury
notes are a drug at par. Some of the banks have taken very
small amounts, at par, to accommodate their customers, but
they generally refuse to receive them on any terms,
There is no longer any use for the sub-treasury as a depo-
sitary for specie. No person will now pay ia for duties any-
thing but treasury notes.. The prevailing belief is, that they
will fall below par.
We are a little curious to see the workings of the sub-
treasury, under the present state of things, United Stocks
being below par.
It was undoubted.y, the calculation of the government
that nothing but specie would be received for duties or
loans, and that there would be at all times a large surplus
of specie in the sub-tressury. It was with the belief that
the law was made imperative, that nothing should be paid
oat but specie.
By the operations of commerce, treasury notes are at
and below per. The receipt of specie is consequently at an
sod. Still the law is in force, and the government are
compelled to pay out gold and silver. The wheels of the
government" dthe law is complied with, must stop.
By an arrival at New Orleans, news had been re-
ceived, rio Vera Cruz, four days later from the city of
Mexico. While at Tehuacan, Santa Anna's army,
consisting only of a few hundred soldiers, mutinied
for pay, and ultimately left him with only forty men.
joined
General then moved to Orizaba. Colonel Childs had
General Scott. General Lane and his command were
still at Puebla, where everything was quiet. No-
thing was said about the movements of the Mexican
Congrese, or probabilities of peace. Santa Fe was
prosperous and in a thriving condition. Merchants
were doing a good.business. The Americans were
building new houses, and laying off plans for the im-
provement of the town. Hotels were opened, a paper
printed, and lots, &c. advertised for sale. Large com-
missary trains were arriving almost daily. The
Canada papers announce the death of Col. Sir Richard
Bonny' lade, late of the Royal Engineers.

COMMERCIAL INTELLIGENCE.
New Town, Nov. 16.—Thin being packet-day for the
Caledonia, 'Change wm thi-ly attended, and operation+ were rather
limited. Floor was rather beery, with males at Saturday's quotation&
Wheat +ma bald above the news of millers, and tranoctions were
very Belt la ogee there was some better Wee In the market, and
sales were iris of mixed at firmer white yellow wee In some
better Mosley. 01& 'trod re gm . Barley and rye exhi-
bited no doom fills oats Wei Arner. Coneiderable
mho of mem perk AM sesip, the gerthmiers of which will be found
below. ?dm mil et Senwrinfe mew Orecertre were Inactive.
Ameee..-aiie (0 10 Weis pals were wade ea 6 dole. 621., and 23
WV& pods et Ifign rm.
lbraanerrms.--Menr Oaks reached 5,000 to 6,000 barrels, includ.
leg 11.000 hwelie Might Innis Itaantgan, at 6 dole. tale. ; 200 to
Siludzed lends Men at d dein ; •ton to I,ooobarnsof straight
lewd, Gamow atl3 I Mr. ; 1411 le GOO ditto Os-
st del& 04 We bends and Oswego ,
In"
were m lid, te win hy el this awl nextGemewe month, at I dole ,•
eadlbero wee end we eels a male of SOO to mod
to
dela 114 o.; end small mats
d,mode et dale Ors. Wird, scud Gomm was
bid at I del. 411. le 1 di die, teldit thepri et Soar
woo otookeellopollon 100 Tr* ft, owl vhs otatat
Ws la mob vino la to Ila Wei • malt lob et NO
WO& von moral meld at 1 die., the artiooltrootyliit at to
ha. ye tat bus ; sal NI OM Wedge stalbas midst
ever I deb Own : the m
kiwi kW le M brill, ken ndsed.
lo doe, ma 715. Ilwell late et
o/ eh . mi laalr_atent ithe
es ni-
et
mbi et 7Se. ; 1.30 rm. (Wm"
toomot yaw von roporlaL lam of /.• Weds et Ode
Mate ware mit at bail; Ns, Mira Ilel ME at I bi•
Bye :AWeet NO Sto lip_ regaid ades, all lAN
ditto at 91e. lye Mew: ado d lit to 141 lamb we mile la
Ow 1tt2471s (01.110 MA* WA mit at lin, tere towed.
ere Who OW le SU, 1•11 ral they were
mit at Slab ls~ cyst
bersea,7-lhe sir trig woe gabs inederenn
boo se. awl dim ealleely
LIN limb el opet astk we atm&

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