The Express.
London, England, 1847-04-12 00:00:00

LATEST INTELLIGENCE.

THIS DAY, Four o'Clock.
Mj the Fidel* Captain Huckstaff, arrived at Liver-
Pal yaiterday, we have received New York papers
10th ult. From the seat of war in Mexico the
Itikagemea is not later than that contained in our
Parritrau advice., so that nothing further was known
K the battle alleged to have taken place between
Hea. Taylor and Santa Anna. The rumours in circa-
bags respecting this affair appear, however, to have
alaurwhat varied in the course of a few hours. Accord-
ing to former reports the American army was victorious,
bat d was subsequently alleged that the Mexicans had
been successful. The following, dated Wash' n,
Marcia 14, is from the New York Herald of the
16th ult.:—
'• We have to-day a rumour of another battle between
Hants Anna and General Taylor, at or near Saltine, and
that the information was communicated this morning to the
War Department that Old Zack was defeated by a -largely
Superior fares of the enemy from a rapid concentration. The
report being coupled with the statement of Taylor's defeat
renders the whole story improbable—for, that Old Rough-
end-Beady can be defeated, we hold to be impossible. We
cann of contrive any arrangement by which it could be done.
Ws cannot patch up an excuse for believing such a story.
The mail has failed for several days, and when arrearsges
nem up we do expect some stirring intelligence of entirely a
different character."
The ship Macedonian, with a *go cargo of Indian
corn-meal, flour, and various b .-stuffii, a contribu-
bon from the United States to the distressed Irish,
was to sail in a few days from New York for Cork.
The Emigration Rill, which stipulates that the
toirttre of a ship conveying emignuats to the United
States shall enter into a bond providing for their
fictive maintenance, had passed the 'House of Repre-
sentatives of the state of New York, and been sent up
to the Senate, where it was referred to a select com-
mattee for amendment, by the carting vote of the

ten deeply involving the lessen;"o7—it --"r'''srest orrh;
aoethern states--and the aggressive spirit manifested
lin the non-slaveholding states. He depicted, in most
1 forcible language, the extent of this spirit—its origin—
I its objects—its consequence, if not properly met—and
the remedy.
PITT/COAT INTRA/INCE AT WAIIIIINOTON.—OUT Corre-
spondent trmsainits one piece of Wasbinaton gossip
that deserves to be put on record. After stating
that a ream me current in the capital, attri-
buting the blew d Mr. C. J. Ingersoll in chanting Mr.
pibilia• Webster with Mt the public money to the
information and d the fair anther of a volume of
very fulsome ea Aillifiltail statesmen, he prweeds
to dement en the amg puss" of petticoat influence
at Washhastem es harm :
The onloot le milk Ihmle talleseee Is made we of by cos darns
of pellthel speoloMes tem "to Amin mom Gem" N the
semen tithe mom; is woe*, of Ole lays of Lehi Is Ortme, sod
Meth dm may le Ildi gm slalom marks t—essaire or ether it
wok, beeps= OM Vie smite c 4 sononms. a disminilim if
ladies dimlimated bi ede stem vele ea "ble erehnea"—it eet.
damn vie by diessee." " bate been salmi grog Er item
whisk are lime them te ot.dsoese " bettor-hikes "—got Net,
way le the seat et see hint gerstemsel. Din ewe Nif MT*
no siessdon le oaks Ye dr soeftV mg amsesmees of teas lime
sad sem% owl the "egosteMse• Ohm lis ammo
A Wools pmts. is awed et a kalimble bmidll=irts
mew Is " mot...Jsoi." aes So semi Feeney .on II *of In
the ors of Vow ifs eigieles limn our else to allo.=l4ed
madmen of beetissomo of
whlniunimet. name es "mist; bin Strom: Wed. of
course, em doomommlia hr Oak Wily *nu Champions lbws
freely, "value and intiost ' on emnessed, aura veer wadi alai.
kazoo—yak he oyes sot =sot miles bulb dim. me sport-
hag who beim Woos--tshe ma webs that maim son obedned
from toommoteilles Wide, milk ht cooler msmsel• meld not
have been enraged.

The following from the New York Herald will
be interesting, aas &tossing:the course the American
hanks are adopting in the present low state of the
exchanges
We'learn that the banks in Wall-street have recently
become large purchasers of sterling exchange, at the low rates
ruling, throwing out the best business paper for the purpose
of go6g largely into exchanges. The banks have, for some
thee past, been discounting the paper of houses which have
bora large purchasers of bills on London, and having filled up
their line of that kind of paper, have come into the market as
purchasers. This to a certain extent, is accommodating .
eertain dam of merchants, but in tints like the present,
it is very dangerous business for the 'bank'. These institu-
tions, no doubt, anticipate an immediate importation of
specie, in return for these bills, but they may be mistaken
ladd; they may be compelled to hold these bells until they
mime, is the event of which, they must contract theirlame
mien other paper. They may be compelled to hold some
of these bills for a longer time than they anticipate, as there
is every probability of moth difficulty in the money markets
of Great Britain, and much danger of insolvency of many
houvs engsgtd in the Amerman trade. Should the Bank
of England advance the rate of interest to five per cent.a or
more,
and refuse to discount the pais r of throe engr
trade with this country, there must be • great deal com-
mercial embarrassment, and we fear a great number ,of

bankruntties.
Exchange on England and France b touched a
very low point ; 4 per cent, premien was in that the
best Mils would command, and large males were made
at 103! for sterling, and 3 45 en Paris.

INTELLIGENCE.

New YORE, Matto( 16. The fine weather of the
15th did not encourage activity at the Stock Exchange, and
prices barely maintained the rates of Saturday. Expecta-
tion now begins to have its influence ; and although
the 4th of March ateamer can hardly be looked for
before the end of this week, there is already percep-
tible that hesitation in the market which is characteristic
of the approach of a steamer's term. The Penn-
sylvsnia Canals are now open, as is that between this
city and Philadelphia, via the Raritan and Delaware rivers.
A large accumulation of produce is already on the line of
these canals. and as fast as the roads become settled and
practicable, this accumulation will be increased • for at the
prices paying for our agricultural pro lace, everything will
be scraped together that can be forwarded to the seaboard.
The condition of the banks of the New York canals, 'kneed
farther north, is each sp to forbid, we presume, se early a
use of them: but it must be the desire, as it is the duty, of
the canal commissioners to render the canals available for

navigation at the earliest moment compatible with safety ;
for along the whole line the storehouses are said to be groan-
ing with produce. The opening of navigation on the Wel-
land Canal is announced for the Ist of April. It may be
hoped that those of this state will not be behind that date.
Is the morning, in the market there were small gales of
edits at fine pries..
In leer, shippers were willing to give 7 dolls. for Genesee,
and that la what sales have been made at for home use.
Some 5,000 lble. Southern flour have been taken for ship-
ment foe want of Western, p. n. t. 2.000 hbls. on shipboard
for Liverpool at es. freight. sold at 6,75 dolls.
LOOS MIL Genesee flour, May 15, at 6 dolls. ; 1,000 do.
op. Net* River, at 6,76 dolls.
Cara, 8,000 bu. Northern, one week after opn'g river, at
88 cents.

Ashes, 4,81 dolls. to 88; 60 bbla pearls at 6,25 dolls.
Pork is firm at 12,25 dolls. to 50 and 14,50 dolls. to 75,
new, 13,25 dolls. and 15 dolls. to 15,50 dolls. Lard is held
firmly at 10 cents.
Sales at New Bedford, 500 bbls. whale oil, between 33 and
34 cents ; crud. sperm at 106 cents.
Wool, 2,000 lbs. an the spot at 35 cents.
Sterling quiet, at 31-2 ta 4 14 prem., franca, 5,433-4 at 45.
Faztoirrs.—Two vessels were said to be taken up for Ire-
land at 245. for grain in wits. To Liverpool, engagements
were reported at 6s. to 6.. 6d. for Flour, and 23d. to 244. for
grain in seeks ; and to Ireland, 22d. was offered for grain in
sacks, and 75. for Flour in the same venni. To Have, they
were said to be dull, while toLondon we heard of no engage-
ments.
ETRIONO.—Cotton has remained quiet; several sales of
Pe. lour at 6,37 dols. 1.2, a decline; rye, no demand ; cam
5,000 bas. yellow Jenny at 90 etc ; whits is worth 85 to 87
cents.; 1,500 be.. Jersey red wheat at 148 cents. ; whisky
cheaper my 27 to 28 cents. . • sales whale oil for use at 36
cents., list sale to ship at 34 ants. ; 800 bbls. old prime pork
at 12,25 dols. to 38 ; 200 bbh. now mess at 15 dols. 25 ; 50
tee. lard, not prime, at 93-4 cents. on the wharf ; old mem
pork is 14,37 dole. to 50 ; two vessels were taken up for Ire-
Lad; corn meal can be bought deliverable in ten days at
6 dole. •, 5,000 bo. canal oats sold to ship at 48 cents. The
esego of Manilla hemp sold to arrive, on Saturday, was at
172,50 dols. The beance of the Kensington's cargo is held
a good deal above any sale yet made. American dew hemp,
dressed, has been sold to-day at 200 dole a ten, showing an
advance of 50 dols. a ton within sixty days. Ship timber is
rising, and almost all the articles used in shipbuilding and
PHILADILPHTA, MARCH 16, r.x.—Stoeice were rather
more firm, with sales to some extent. At the First Board,
1,000 dolls. U. S. Bs., 1867, 1021; 750 dolls. Philadelphia
County 55., 1860, 87; 12 Merchants' and Manufacturers'
Bank of Pittsburgh, 441 ; 46 Kentucky Beak, 741; 20 Penn-
sylvania and Ohio Coal, 204. Alter the Board, 160 shares
Vicksburg Bank. 81; 2 Pennsylvania Bank, ; 5,0001
dolls. U. 8. 6s. 1856, 1011 cash.
At the 2nd Board, 3,000 dols. Texas Treasury Notes, at
13s ; 2,000 dole. U. S. 6's. 1867, ssda, 1021 ;5, dole. do.
s6ds, 1021 ; 2,000 doll. Lehigh b's, 69; 1,000 dole. Penn. 5'.,
71; 50 shares Reading R, 29 ; 200 Vicksburg, 81. Alter
sales, 1,000 dols. Penn. 5'6,51 ; 5,000 Texas Treasury Notes
131; 1,000 dole. U. S do., 5 2 5 to 101 ; 40 Gerard B'k,
lIS ; U. 8. Bit closed at 41 to ti ; Penn,
.288 to
286 ; Phil.. B'k. 117 offered ; Mrclusnics' B'k, 26 to
261 ; Commercial B'k, 511 to 511; Girard B'k, 11 to 111;
Vieksburgh, 81 to 8/ ; Reading R., 29 to 291 ; Penn s's,
701 to 71; Reading R. Bonds, 711 to 72; Morris Canal, 141
to 15 ; U. S. 6'5,1011 offered.
Tun Mangirre.—Cotton was quiet, but firmly held;
flour wee more inquired for, with apparently a better feeling
among holders-1,250 bbls. mold at 5,75 doh. and 2,000 at
something higher, believed to be about 5,80 dols. ; corn
meal-1,000 bbls. sold at 4,374 dole. ; 1,000 bushels southern
yellow corn at 80c . and 1,000 do. Pennsylvania yellow at
83c., weight; proshions rather dull ; groceries insetive-500
boxes Cabs brown sugars at 7c., 4 months ; sales of 160 bshb.
cloverseed (believed to be) at 4,50 dols.; whisky in Idyls is
held at 264, and in bbls. at 28e. ; freights dull, some engage-
ments are being made at So. 6d.

A letter from Berlin in the RAmunte Observer, a
paper accredited as devoted to the service of the Prus-
sian government, and supposed to redact its sentiments,