The Express.
London, England, 1847-11-11 00:00:00

COMMERCIAL 4

MARKETS.

MONEY MARKET & CITY INTELLIGENCE.
Iwo o'Cloch.—We have had a quiet market this
morning, with fluctuations in prices of little conee-
sequence. At mid-day the news became public,
through second editions of the morning papers, of the
French loan having been adjudicated yesterday to
Messrs. Rothschild, the only bidders, at the price of
75f. 25c. for 100 stock. This price is reckoned quite
as high, under circumstances, as the French govern-
ment could reasonably expect. It remains to be seen
how it will be dealt with on the Paris Bourse. When
more detailed accounts arc received, it will probably
be found that the Rothschilds are backed by a strong
list of subscribers, including the Receivers-General,
as well as the Bank of France. The latter will
favour the negotiation of the loan doubtless also by
advances on the scrip as it is paid up.
Consols have not been affected by the announce-
ment of this loan. They are 84; to 1 both for money
and time, and have scarcely varied more than
1 all the morning. Reduced Threes, 83 to 1 ; Three- '
and-a-Quarter per Cents., 844 to 4. Exchequer Bills,
4s. discount to par. Bank Stock,. 1861 to 81.
We quote foreign stocks without al'eration on yes-
terday's prices, and almost without business. Mexi-
can, 151 to I. Spanish Fives, 131 to 161; thsl
Threes, 261 to 71. Portuguese, 20 to 2. Dutch
Two-and-a-Half per Cents., 53 to 4 ; the Fours, 81/
to 24.
The affairs of Messrs. Brodie, the Salisbury bankers
in default, are likely, it is slid, to turn out mach
MOM favourably for the creditors than was expected.
Although insolvent so far as the bank, they were en-
gaged, it appears, in other concerns which have been
more profitable. It is believed that from the sale o['
these concerns sufficient assets will be obtained to
make up 10s. in the pound to the creditors.
A Manchester correspondent, signing "An Old
Tradesman," communicates certain particulars touch-
ing.banking affairs in that town, which it would be
desirable should be given more distinctly, and
privately authenticated. The charge of 8 per
cent. for discounts is countenanced by the
same rate so stringently and unjustifiably
imposed upon the Bank of England by the
government. The charge for commission is of
course usual with bankers in that place. Bat why
banks should then "only give out 300/. over the coun-
ter, whatever the amount discounted, and require three
days for up to 2,0001., and ten days for up to 5,0001.,
and this even for lodgments," it is difficult to under-
stand.
Bask Stock, 136 k 81
3 per Ca Red. Ann., 83 I
per Ca Coo. Lase, 844

ENG]

- -
POREIO7
445 4 per Ct. Auditor' 94
par Ct. ißilrg i
n per Cent.Bela.Bor ditto.
91
6 per Ct. Brazilian 8d... 76 8
6Ditto New. 72 5 Ba.,
33 6
Trtto Cb CL 8&T.131._ 774 7
Columb. Der. M..
roltuabLan Equador 24 3
3 per Ct. Denizli FMS. 79 81
24 per Ct. Dutch Bda. 6304
4 per Ct. Cert.. Dutch. 914 24

I YUNDS.
3 per Ct Cow. A.. H 1;
3i per Cent.. 145 I
Ezeixquer LiWa, 4a dls. par
FUNDS.
1 per Cent Grenada 13doi 171
Grenada Deferred 3* 1
6 per Cl Mexican, 1846, 14e
6 per Ct. Peruvian Mk, 2132
Portninsene, Conv. Ms, 20 2
6 per st. Goal= Bds., 104 4
'Ditto Spanish Bds., ISt 164
3 per Ct. Spanish UM., 261 re
1if10131611 Deferred Bd., 13 14
Spanish PWITO 181., 31 1
2per Cl. Venezuela Bd., 32 4
%mends Deferred Lida., 6 10

RAILWAYS.—The share market is steady at yes-
terday's quotations, but business rather quieter this
morning, the speculators being unable to guess at the
effect of the French loan on Consols and shares.
French shares are, however, very good. Northern of
France, buyers at 2 prem. Orleans and Tours, die.
to par. A considerable number of shares, which have
been changing hands lately, appear to have come from
Liverpool, where the bankers have been large
(clearing out) sellers. Dover. and North British
are among the shares. Shrewsbury and Birming-
ham A's are 3e dis. ; ditto B's, dis.; North Staf-
fordshires, dis. ; Norfolk 5 per Cont. 201. shares, 3
dis. ; Reigate 5i per Cent. 151. shares, 1 die.

. _
SALES ZITECCED DP TO TWO THIS DAY IN LONDON,
(Yesterday's prices will to found in last page).
Mr. & Oxford Jun 181 Lon. &S. Weeteni, 551
Mr., Wolv., & Dudley, 135 Do. New 501. oh., 29
Dos., Seam., & Bir., 3/ Do. Thirds, 1 d
Bristol & Exeter, 60 Midland, 107/ 9
Do. Thirds, 9 10 Do. 4H. *b., 401 11
Buckinghamshire, 1 d Do. 501. eh, 81
Caledonian, 35 Do. Bir. and Derby, 82
Do. Halves, 1 1 Norfolk New 2H. ah., 3
Cheater and Holyhead, 315 1 North British, 151
E. Anglian, 25/., L. & F.. and Do. Quarters, 4
L.&D.,13 Do. Thirds, 1
Do. 181., E. & 11., 9 N. Staffordshire, 7 1
E. Counties, 161 16 Reading. Guild., and Reig., 61
Do. Exteusion, 5 per Cent., No. Shropshire Union, 11
1, 1 d S. E. & Dover, 23
Do. do., No. 2,1 1 d Do. do. No. 2,9/ 10
E. Lancashire, 15 Do. do. No. 4, 31 1
Do. New, 71 Borth Wales, 5
a.:l7.lhgniaand,42lo York, Newn, & Berwick, 321 3
Ito. Original New. & Bet., 295 4
Do. New, 40/., 55 Do. Extension No. 1 (York aid
Gt. Western, 99 71 Newc.),l2l
Di. Halves, 59 Do. do. No. 2 (Neer. and
Do. Fifths, 131 Bee.), 101 11
Do. New, 17/, 8 Do. G.N.E. Pureluise, 81 1
Hull and ',Silty Belles, 48 York & N. Midland, 74
Lane. and York. Fifths, 6 130. Pref., 151 1
Do. E. and W. R. Ex., 261 7
Do. W. R. U., 21 d
Iseds and Bradford, 87/ Boulogne and Angelo, 141
Leeds and Third, 18/ 19 Lyons and Avignon Cone., 35
Um, Brigh., and S. Coast 411 N. of France, 12 1
Do. Coo. Eighths, 201 Orleans & Bordeaux, 51
Lon. and N. Western, 154 3 1 Paris and Leona, 61
Do. Qls., L. & 8., 29 Rouen and Havre, 201
e. Do.d New, 8 Elembre end Ileums, 5
LIVERPOOL SALEM Nommen 10.
Birk, Lane, & Chesh. Jn., 6 Midland. 1081
61. Ifs. 3d. Do. 49/., 41
Do. (late C. & B.), 141 Do. (Birm. &Glouceet.), 118
Do. 221., 61 d N. British Halve.. 111
F.. Lancashire, 51 d B. E. & Dover, 28
Lane., York. Halves, (late M. B. Do. New (No. 4), 53..9d. 21 _
. arid B.), 41 d York, New., & Berwick (eaten&
Do. Fifths, 1 d N. & B.), 29
De. 321., 61 d Do. (N. & 8., No. 2), 1 p
Lend. & N.West., 152 York & N. Midland, 147
Do. Fifths, 10 p Ito. (E. &W. Rid. Eaten.), 61 p
De. Qrs., G. J., 371 1 Ambergate & F. in., 2 d
Maneb., Shelf., & Lino, Qrs. (No. Bbropek. Union B. ad C., 21 d
1). 1P

Mole, Nutt, no7t7/157, Ti -
E. Counties (Y. Feta:Won), 2& d:
E. Leneaeldre,73.l d
Do. New, 51 d
Bud. St Nan. R. & C.. 41 id
Do. Third', 1 7-16 d
Loc.& Tore. Fifths, 4 I d
Do. W. It. U., 21 11-16 d
Maw, Shed., k Ulu Fret, 1.16 p

LEES, NOVOHICI 10.
N. Starterdablre, par 7.16 d
N. Union (B),
8. E. and Meer, 29
Do. Ca at 101.), 70.1, 21 11-164
8. Staffordshire, 2 d
Wharfdale, 2 d
I York, Nene., and Bet. (Pre!.
I guar. 6 per Cent.), 1 p

CORN.-BOSTON, Nov. 10.-With a large supply
of Wheat to-day, prices have given way le. per qr. for best,
and' s. per qr. for secondary and inferior qualities, the latter
being in no request for shipping. Oats cannot be purchased
lower, the quantity not exceeding the demand. The same
may be said of Beans. Wheat, red, 48s. to 535.; fine, 545. ;
white, 50s. to 555.; fine, 565. Oats, 20s. to 235.; old, 2.51.
Beans, 425. to 465. ; old, 535., per qr. to the growers.
BASINGSTOKE, Nov. 10.-The supply of Wheat large;
trade very dull, yet prices were about the same as last week.
Much beteg in damp condition, millers refused to buy. Very
tine samples of white Wheat sold at 141. per load ; red, 131.
to 13!. 10s.; common Wheats,l2l. to 121. 10s.; inferior, 111. to
lit 10s. Finest Wheaten Flour, 42.. per sack of 28016 a. ;
seconds, 40s. Barley was plentiful, and cheaper by Is.
per qr.; maltsters free buyers at from 325. to 335. ; good, 30s.
to 315.; inferior, 28s. to 295. Some old Malt offered at
625. per qr.; for new, 645. to 665. was asked. Barley Meal,
17s. per sack of 10 score. Oats rather scarce; the best Po-
land made 28s. per qr. ; good sweet, 24..; inferior, 21s. to
225. Beans scarce, prices from 00s. to 58s. per qr. Peas as
last week. Rye, 17s. to 18s. per sack. New winter Tares,
7s, ; old, 6e. ; spring, 7s. to 7s. 6cl. per bushel.
CHICHESTEH, Nov. 10.-We had a large supply of Wheat
and Barley to-day, which both experienced a dull sale.
Wheat, in the early part of the market, was taken, to a mode-
rate extent, at about the prices of last market day ; but, to-
wards the close, purchases were made at In, per qr. cheaper.
Barley was also Is. cheaper. Supply of other grain exceed-
ingly small. No alteration in prime. Wheat, 50s. to 545.
Barley, 30s. to 355. Oats, 235. to 265. Peas, 40s. to 425.
Beans, 484. to 525. Flour, 40s. per sack.
lIALESWORTH, Nov. 9.-At our market to-day we had a
good show of Wheat and Barley, and holders were unable
to maintain their pretensions. Wheat was Is. to 2s. per qr.
cheaper, with difficulty in selling. Barley fully Is. per qr.
lower, and but little life. Beans and Peas were held fur
higher figures, which, from the short supply, were complied
with. Wheat, white, 00s. to 565. per qr. ; red, 445. to 505.
Barley, 2.65. to 31s. Beans and Peas, 405. to 46a. Oats,
243. to 30s.
NEWARK, Nov. 10.-The market to-day was numerously
attended, and the millers, being short of stock, taught
Wheat freely, at last week's prices, at the commencement of
the market, but at the close the finest qualities were obtain-
able
at Is. per qr. reduction from last week's prices. Malt-
ing Barleys were in good supply, and Is. to 2s. per qr. lower
than last week on general runs of the market; grinding
qualities, 2s. per qr. cheaper. Oats in limited supply, and
fully support late prices. Old Beans were the turn dearer
Egyptians, Is. per qr. cheaper. Peas of all kinds evinced
an upward tendency. Indian Corn in good demand.
Wheat, white, new, tier 36 stones, 60s. to 615.; red, 565. to
58s. Barley, malting, per imp. measure, 345. to 365.; grind-
ing, 295. to 31s. per 30 stones. Oats, old, Is. Id. to ls. 2d.
per stone; new, Is. to 12id. Beans, English, 61a. to 635.
per 38 stones; Egyptians, 445. to 455. Peas, white, Ms. to
58s. per imp. measure; blue, 635. to GGs. Indian Corn,
per bushel of 601 b., 375. to 38a.
NEWCASTLE, Nov. 9.-The weather keeps extremely fine,
and such has been the favourable state of the season, that a
larger breadth of Wheat has been sown than usual, arid
what has been deposited in the ground is already presenting
a verdant appearance. At our market this morning we had
a large show of Wheat from the growers, but the arrivals
coastwise are snore moderate than of late, but which have
been compensated by our supplies from the Continent, from
whence cargoes are beginning to drop in. The trade, upon
I the whole, opened dull, but factors as well as our farmers
remaining firm, a fair clearance was effected without sub-
mitting to any reduction. The best south country red com-
manded 575. to 58.. per qr., whilst foreign, viz., new Hol-
stein, red, made 565. per qr.,weighed 631 b. per bushel. Having
had some accession to our supplies of Flour since Saturday,
and mere disposition having been evinced to realize, the
change, if any, was in favour of the buyer. We call Norfolk
households 39e. to 40s. 6d. ; and whites, 425. Rye little
doing. Malting Barley the same. Malt is scarce and wanted,
choice chevalier being saleable at 641. per qr. Beans and
Peas unaltered, and the same remark., are applicable to Oats.
ROMPOIID, Nov. 10.-We had a good supply of Wheat ;
dull sale, at last week's prices. Wheat, 48s. to 60s. Barley,
30s. to 335.; grinding, 2.5.. to 295. Beans, 40s. to 48.. Peas,
40s. to 445. Oats, 235. to 30s. Rye, 30s. to 325.
RYE, Nov. 10.-Our corn market this day was well sup-
plied with Wheat, and there was a brisk trade, at prices
about the same as last week. Oats rather lower ; other kinds
remains about the same. Wheat, white, 50s. to 545.; brown,
48s. to 525. Oats, 18s. to 201. Peas, 365. to 404.
DCBLIN, Nov. 9.-Our supplies this day were very li-
mited, and, the demand being lively, a general improvement
in prices was realised. Wheat was le., Oats, 6d., Barley and
Bere, 3d. per brl., Oatmeal, 6d. per cwt., and Indian Corn, 2s.
per qr. higher. The following was the general currency :
Wheat, red. per 2801 W., 23a. to 32a. ; white 295. to 345.
Oats, per 1961b1., lls. to 14s. Barley, per 2241ba., 14s.
to 17s. 6d. Indian Corn, per 4801ba., 26e. to 38s. Oatmeal,
per cwt., 13s. to 15s. Flour, seconds, in sacks, per cwt.,
17s. 6d. to 18s. American, per barrel, 275. to 30s.

LONDON, THURSDAY, NOV. 11.
TILE departure of a new governor-general for the
moat important portion of our eastern empire, is a
fitting moment to call forth an expression of public
opinion upon the expectations which accompany
the new officer to his post. London Tavern
speeches naturally deal in generalities, and even
leaders in morning journals occasionally betray a
dreaminess of expression utterly unsuited to the
urgent demands of the moment. Lord Diulousia
goes out to discomfit no ostensible Russian intrigue;
he has no dishonouring spot to efface from the British
scutcheon. Our arms are feared and respected, and
we have established peace, if at the cost of turning
some populous districts into a wilderness. Lord
DALHOUSIE'S mission is to deal with peace, not to
silence the turbulence of war.
Although his lordship has suffered the usual inflic-
tions in the shape of turtle, lime punch, and unex-
ceptionable =Oahu, which are the customary vehicles
to sounding phrases about security of person and
property under British rule, with sundry other
blessings conferred by his predecessors and the Indian
Council upon their lieges, we do not doubt that he has
reserved his judgment upon all these matters for pri-
vate study and minute inquiry. Lord Dit tiousiF. is
a man of the present generation, and has learnt d the
use of weapons that were comparatively unknown to
the last. As a member of the PEEL administration,
he could contrast the dangerous arrogance of leaning
upon mere personal talent and conventional tact,
of which he had an instance at the Treasury,
with the slow, diligent inquiries of men who found
their opinions upon facts at the Board of Trade. 110
must above all have seen how eminently useful to
government has been the publicity which the Board
of Trade has all along given to the knowledge acquired
by its officers. lie will have felt that it was far
better to have the rash career of an inexperienced
legislator checked in its outset by the force of those
published facts, than to have them rise from conceal-
ment when he was midway in his coarse, to turn him
beck discomfited, and involve his colleagues in his
disgrace. In short, the public expects to find that
Lord Dm.tiouste is a friend to facts and to publicity,
and that he proposes to decide upon such showing,
whether the reasoning that is sometimes attempted to
be substituted for facts is mere sophistry, or is founded
in truth.
To gratify these reasonable expectations may be
found occasionally an irksome task, but it is one that
cannot fail to lead to high popularity. India has
never yet had a governor of sufficient intelligence to
appreciate the utility of publicity. When Mr.
in 1846 moved for a return of the several articles im-
ported free into Calcutta or charged with duties,
specifying the amounts received in grades, viz., thou-
sands of rupees, an answer was returned from the
India House that the accounts of the revenue were
not transmitted to Europe in sufficient detail to enable
the directors to obey the order of the house. Surely
this is a sin3tilar state of things in a constitutional
country, and Lord Dsr.nousie has it now in his
power to inculcate on the President of the Council of
Calcutta that he is quite as amenable to parliamentary
jurisdiction as the President of the Board of Trade.
Again, the people of England have reason to com-
plain of the manner in which the accounts annually
presented to parliament arc lumped, so as to defy
scrutiny into details. We hear ou all sides com-
plaints of the oppressive and demoralising tendency
of the mode of collecting the land tax. It is pointed
to as the cause of our deficient supplies of cotton and
sugar from the East. Yet although the eyes of all
England are now fixed upon this item in the Indian
budget, we find a constant and alarming decrease
progressing from 1842 to 1815, simply stated without
explanatory note or comment, as if undeserving of
notice, or certain of being disregarded. The sum re-
ceived under the head of " Land" (by far the largest
item of the budget), decreases as follows :
BO
33474,.0AkWA. 720IWempcm.
14.13
laic 3,2607,341
HO 3.81,114897 (egthaile).
How it can be expected that the estimate for 1845
shall be admitted in the face of a regular decrease in
three preceding years we are at a loss to explain, un-
less it be assumed that the patience of parliament and
of the public at home is boundless. It is necessary
that Lord Dalhousie should clearly comprehend that
this is not the case, and that if parliament is silent,
the country will not remain so. Indeed, there is too
much reason, from precedents, to fear that this esti-
mate has been inflated on the strength of a more
rigorous exaction of the fearfully oppressive assess-
ments—a proceeding which would unquestionably
detract from, instead of swelling, the anticipated

receipts.
But without entangling ourselves in the unpleasant
labyrinths of Indian finance, there is one prominent
fact that has been proclaimed under the sanction of
two governments. The acknowledged surplus placed
to the credit of the mother country in Holland, as
derived in the shape of revenue from Java, exceeds
the estimated deficiency of the receipts in our Indian
budget for last year, notwithstanding the attempt we
have just exposed to bolster up the returns with a
land-tax estimate that cannot be realised. The I)atch
surplus exceeds 1,250,0001. sterling; the deficiency in
British India is a little more. We leave the figures
published by the Netherlands authorities and the
India-house to tell their expressive tale. Further
comment on our part is needless. Lord DALHOUSIE'S
accession is signalised by the incorporation of large
tracts of fertile land, which will stretch our sway over
salubrious districts bounded by the Himalaya chain.
In establishing the system of taxation to which
these new provinces are to be subjected, he will; have
ample opportunity of recommending moderate and
humane principles, on account of the moral as well
ae of the pecuniary advantages that mast result from
a relaxation of oppressive exactions. Is it not strange
that it should be in this day a question whether the
inhabitants of Oude would be more prosperous under
British than under Mahomedan rule ? And yet such
is the melancholy fact. Are they to be demoralised by
the introduction of the opium monopoly ? Is their
substance to be eaten up by collectors? Is their health
to be undermined for want of salt to correct and stimu-
late the gastric power? Such are the questions that
must strike the new Governor-General. His first
duty will be to remove the grievances and anomalies
from which they spring.

THE late Archbishop of York was the last sur-
viving specimen of the prelates of the eighteenth nen-
tm.. Sixty-three years a member of the episcopal
body, for forty years primate of England, he had wit-
nestled the first commencement of the French revolu-
tion with the feelings of an English bishop : at the
end of the war he was already an old man ; and when
the ecclesiastical commission first introduced the pre-
cedent of redistributing the revenues of the church,
he had almost passed the ordinary limits of human
life. It was not to be expected that he should corre-
spond to the modern notion of a bishop ; but, we be-
lieve that, if he took his duties easily, he was, on the
other hand, exempt from the vexatious and pedantic
spirit which accompanies the activity of some of his
younger colleagues. Forty years ago an archbishop
was selected, as a lord chamberlain might be chosen
now, to take his place with propriety among the
high aristocracy, and to discharge ceremo-
nial functions with gravity and decorum. The
Primate of England, or the Bishop of DURHAM, bore
the same relation to the Duke of NORTIII.73IBPALAND,
or any other northern potentate,which existed between
the lay and ecclesiastical electors of the old German
empire—between the Archbishop of MATEI.ICE, for
instance, and the Count Palatine of the Rhine. In
either case, the prelate, when once elected or appointed,
claimed to hold his honours and revenues by a title as
indefeasible es that which his lordly neighbour