The Express.
London, England, 1848-05-04 00:00:00

hwever, by other arrivals, u the amount insured at
loyd's some time since was stated to be for over

300,00 W.
'rho tenor of the commercial and fir.ancial notices
from Paris in the Express, and other accrediteil
quarters, during the last two or three days, comes en-
tirely in corroboration of the fact, stated under this
head about a fortnight since, of the considerable quan-
tities of gold and short bills (equal to money, because
bought with money) which were daily being des-
patched by the great wholesale houses and mer-
chants of this city, in charge of confidential
servants or partners, for the purpose of invest-
ing upon a large scale in French products and
fabrics at the extremely deressed rates of
prices and values to which
Luis ad been reduced
by the successful results of M. Blano's deliberate
schemes for the disorganisation of industry, and the
unhappy but unintended effects of his financial col-
league's iil-advieed endeavours for the support, ending
with the derangement and prostration, of credit. It
appears that the adventuring speculators from this
Bids carried their money to a good market, and pur-
ebred their wares, so say the accounts from Paris,
as
we had predicted in the very words, at 20 or 25 per
cent. discount upon the low rates ruling. The differ-
ence in price upon dealing would not, as was shown,
be measured by, or restricted to, the mere difference
In value as between hard money and inconvertible
bank paper, nominally rated at 2 or 3 per cent.
against the latter in exchange, because that com-
paratively slight discount represented small ex-
changes :only, and not sums of magnitude; units,
team, and hundreds, but not thousands of pounds, for
answering which specie could not bo found by the
money changers.
The commercial operations here noted afford a clue
to one of the material causes of the drain of gold from
this country, which set in, as it was foreseen and pro-
Inuunced it would, soon after the February revolution.
For, it must be observed,: such operations were
not limited to France, but have similarly character-
ised the course of all commercial dealing between
this country and all parts of the continent within the
same period. The universal derangement or pros-
tration of credit abroad compelled the realisation of
all available assets, product*, or manufactures, in
metallic values, for which one market only could be
found at hand where such values in exchange
were abundant and forthcoming upon the ne-
oessary consideration. According to the Bank
of England returns, more than two millions of
gold had been di awn from its vaults withia the three
weeks ending the 22nd ult. The destination of a very
considerable pro?ortion of this amount may thus be
accounted for. It would be divided between Hamburg,
Holland, Belgium, and France, as the places of entry,
although doubtless some large quantities would be for
ulti rior distribution in the interior parts of Germany,
such as Berlin, Frankfort, Cologne, &c , where the
want of hard money was most felt and credit most
depreciated. Circumstances which will come better
explained on other occasions will sufficiently testify
to the facts of the case. The drain on account of the
Irish savings banks, active and extensive as it may
have been, is therefore only one item in the account,
and far from being the heaviest.
A Liverpool correspondent, whose communication
reached us at a late hour, states that the accounts
from the United States to-day are considered ca
'change very favourable. The orders are numerous'
for manufactures, and as in the States there is dis-
trust of every country in Europe bnt England, all
orders fur the Continent will come through us, and
for the same reason gold will also come. There is
altogether a better feeling here this week, and the
weather is delightful.
Against this cheering piece of intelligence, we
regret to be obliged to place a communication from
Glasgow, which we have received by electric tele-
gragh. It is dated this morning, and is to the fol-
lowing effect: "A largo failure has taken place
here this day—that of the eminent firm of Eccles,
liurnlev, and Co., the a minerit West India merchants,
whore liiYdities are said to be very large."

ENO Lt.oll Te NMI.
Bank Mock. 100 Lung Mins.. 30 vain. eIP• 5444 Jan.
3 per et Med. Amu., 1424 41 i 2 I 144.40, r I
3 tor el eumula. alms., aid 4 3111 Indta ILL, under Ll.OOO. 24 20 pm.
1 4 Huutlt Sea Stuuk, Vii auk
Ne,. .14 per et. Annultlek 4434 I 4 I Cuu14,44 fur •ori., 84 4344 1 i
Long AultutUos exp. SW Jim I4OX, Exchequer Mils, „f„1,000, 3d., 41 2
Si t 39 pm.
1.44,„30.yean, esp. 10th Oct.. 410, !!!4.40, !...0 00. Odra;

ri V-111.- - 1 10....-&
POREION FUND
I per et, Brazilian Ilde, Lee., 74 6 pary 16: 66
et. Russian Bonds. Amt.,
Ditto, Bowel. 72 lla
6 per CL limn. Arras Bowie, 22 5 per Ct. Urania. Bondi. My. from
6 per Ct. Milan Deudv, 62
Nov 1640. 1.4 d
2d pee Ct. Dutch Ctuadur lids., 2i Ditto, Aoc . Muy 16.131 3.4 ~
1 por Ct. Grenada lidv..lleforred. 3 6 per Ct. ”panbll Pmaive Bona. di
6 per et. Beaman. 1646.16( 3 per Ct. Spanish Humid: 2711
Do. A. May 10, 164 17 101 Do. Amt.. May 16, 2.1 y
6 meet. Peruvian Bonds. 30 .4 pat Ct. Venezuela Donde. 201
4 p.• N. Portuguese Bonds: yd g 24 per Ct. Dutch KIM.. 13 guild .
Ditt...LAm.. Mt 116 441 4
61eg Cl. nygninig u..* ..15224 Si.. 4 per St. Dutch Carillstas, 63 7144
66
EXCHANGES AND STOCKS ABROAD.
M•DRID. Aram 27.—Throe per Cents.. 211 paper; Five per
Cents., 131 paper Payment 5 paper ; Coopuna, 9 paper ; Bank of
Dl.. Ferdinand, en. dia., 68 cash; WO paper. Eutaw,* of London, at
60 days, 42.
....:, rill A r a
per ti..7..L-.l7:ve per Sentak..ig Lribree.a:7Ortitt.,:k
,i Too:
1.100.
Harmer:6. Bar 2.—Loan 1640. 71; Ditto, 1642, 716. Ditto, 1644, 67f
;
MU.. 1636, 66 : Dino, VW, 60; Loan of the City, 1643,664; Bank o
Del,Surn, NI; heue of 1641. N.
A eraser, Mar 2.—Exchange on 1,661106. 2570.

New 'font, Aram 19.—The steamer Hibernia, and a
the Wahlngton, take out a large remittance in bills and vale. The IA
foreign houses an making every effort to strengthen their friends In 17.
France, and on the °entails generally. The tuna seat are almost 17
whol yin bills of England or specie. No drafts are offered on Franc*. a
A similar state of things ha never occurred before. Neither money ir,
taror produce, in France, can ho realised. Indeed those interested in 93
poperty thereat* in estate of suspense as to what will became of their 9..,
property. If the nest arrival, however, should brie, accounts that 42
American produce in France was secure, and there should be any sale 14
for it, a different face will be put on things. Suob a the Namely of 5
some of our merchants on the subject, that the] have taken their 1
postage to go out and look after their property. The renter draw
ea Loudon ask 1104 to 111 per cent., and nous but the bed bills will I
he taken at any price.
It Is the opinion of the opals brokers that the amount gone in the
two stemma is about scion hundred and fifty thouaand dollars.
Nearly the whole of this amount has arrived here from the South and
West. Very little is taken from our banks. The bill market closes
very firmly. Virginia Bank Mlle are selling M 1104 to 1 I.i. The prin-
cipal drawers here are asking llt. The amount that will go out with
the
We .teenters will he large.
quote demesne exchange as follows •
Boston par to 1 dia. Mobile (bank notes)... Ito 1 dia.,
Philadelphia. ‘,. dn. Ditto sp. cheeks 14 „11 de.
13altaisre
itlehmtesa. „ die. North Carotins ......... 2 „ dia.
Ditto cassia. -14 Ms. Cincinnati 2 „ 11. dia.
Charlatan If „14 dia. Louisville 2.. 24 dia.
aanumeh l4 „44 dia. Naahville
Augusta 14lit Louts W. Macke.. 24 „ 2 cgs.
Columbus l4 din Mania . 21 „ 3 dia.
The quotations Mopes% are:
leer cent.
Gold, Amer. old lO6 to 1 I
D. do. new lOO ..1 1
Half &Oars OO „ 1
Portuguese gold l'd „ 100
Spanish dollars 102 „ 103
Do. quarters 994 „ 100
Mexican dollars lOl „ 1014
Do. quarter' 994 „ 100
Treaury notes 1021 „ 1021

Value.
Carolus doll.
Five trams
Daublmes 16,25 „ 16,40
Do. patriot 15,60 „ 15,70
doemeigita .. ...
Do. light
00 „
3,69
Ileaagulatea 5,, „
Nap
67

lICRANOILL
Patio 5 32i ~
10 ~ 11l
Louden
Amsterdam
I amburg — „ os.
I Bremen 791 „ AO

TILEIGISTIL
.32 „ 3.161
Liverpool scl
llavre
Hamburg no rote
llolland and Belgium 1 „
B
111111011

COMMERCIAL AND MARKETS.
PRODUCB.—Mincino•LANE, MAT 3.—We have again
to report an active sugar market. and pylon are again in favour 01
the Klima. 520 Wis. of West India sold in the private contract mar.
ket ; 1,700 boles Havana sold in public sale at *bout Is. advance
on last week's prices; 2,000 bags of China were offered and with.
drawn at prices above their relative value. Relined has been brisk,
apg wander 's prices were freely paid, standard quality, buyers, at
by, td,--cortee : SOO begs of plantation Ceylon mold at previous rates;
few lot•, very floe, of a favourite mark, sold 76a, 76a ed.— noises
without alteration.—Bumneglected.—Cochineal has sold in publics&
at full prices; good Honduras ether, 4s. Id., 4s. sd.—Tallerer continues
to decline the quotation today, 485. 64.—Tea : The public sales
went off without altering general quotations ; 8,000 packages offered,
about 1,500 sold.--Saltpetre 3h., 34s.—In other articles no alte.
ration ; but there is decided improvement maiden in the opinion of
buyers of many artices.
Du paid on auger to Wt week, in London, Liverpool, owl.
By istol, Bull, and the Clyde
To the eons period last rear

Immo
IMMO TAM off IL IN INS TO LIST Will. Mil.
6,916,03$
4773,90
218,667
69,326
393,604

Liverpool

ay&

Total
Nome tints m 1147

1!,610,!!!

DIMINO 5;4116
ne byrewfwg importations into land& ant the detivertestmealtz
host ist Iran to Ist May (he mastka) &ow art tha
of Wag Isle lissimeeeee el las; Nesallso, 151,141 Mitt
:VII lows; ladose, WM leo; alliallmi mil
ma aimoolirlialeorma 1/14111/St Isms reetelliso,
4 W.; bah. sea Isis. Us albedo *raw
tint Waut 17411Tha Wee Yds; Ilissakaa, isofferet
5277 less ; 1ati61:73 wt Nsiaa. Ms% wat Maass.
yil hese; Ha 7,5.51 bones ; Porto Pk*, de Ida; lock,
7„101 &saw, kW., sod
—..----
HOTTON.—LiveaPOOL, Hal 3.—There was a siseay
market to-day, an& the sales were 5,000 beta, 500 or which Win tar
nowt
Ntw Toss, Aprina.—Within the pest few weeks, say
how the highest point beforettss Mats( el the lied , the market
ter WM& be. &eased 10e. to lk. per beilis4 the paws than oar.
rot Mai 1 OeL IS.. to 1 dot. las for while Orson ; eta 1 doL Me.
to I Os. 420. for good Ohio. The sales ohm wes tot are Ma
Ibuebeis white Otweesse, part if noel% at I dot. Ha. ; 10,000 good
Ohio, to go south, I doL 20s. ; 2,700 whits, I del. M.; POO southern,