The Express.
London, England, 1853-01-03 00:00:00

EXPRESS, MONDAY EVENING, JANUARY 3, 1853.

Lab) intelligence.

INSOLVENT DEBTORS' COURT.—SATuRDAT.
across Ma. CAMINUMSO3IIIII

IN TIM MATHER or T3:IIO;irONTI:VIVIi—N.iIin Ckst Or

BARON VON RATIIIIM

This insolvent, an Hungarian baron, who had been up-
wards of four years in the Queen's lieneit l'risun, applied
to be dneltarged under the act.
Mr. Cooke supported the application, to which no opposi-
tion was made by the creditors.
The insolvent had obtained a number of patents for fire
grates and improvements in steam. He was described as
an inventor, patentee, and engineer. The patents, with
the expenses, had coat him mure than 10,0041., and were in
the hands of his creditors. He estimated the patents and
inventions as worth upwards of 20,0001. The insolvency
was attributed to the heavy expenses connected with the
patents, and the want of orders for the patent fire grate,
partially owing to the French revolution and to other causes
set forth.
Mr.

Phi Mos referred to the schedule, and
remarked on the different names of the insolvent. lie saw
that on a former occasion in an application to the court, the
Cebu were 56,0001., and now they amounted to 24,8021.
Mr. Cooke said such was the case, but many of them
were disputed.
Mr. Commissioner Phillips remarked that the debts
seemed to have been incurred is patent speculations.
Mr. Cooke said the parties who advanced the money
were quite aware that it was expended on the patents.
The insolvent appeared to be very deaf. He addrelned
some observations to the learned commissioner.
Mr. Commiuioner Pbillips—He wishes it to be put in the
public press that he is grateful to his creditors for not op-
posing.
The insolvent again addressed the learned commissioner,
and esprevied his thanks for the kindness be had received
from all parties in this country.
Mr. Commissioner Phillips hoped the time would never
come when a foreigner would be treated in a different
manner to an Englishmen. He was glad he was not op-
posed.
The insolvent, after his long imprisonment, was ordered
to be discharged.

BOW-STREET.

Mary Ann Fink, agTil was charged before Mr. Henry
with stealing postage stamps. Mr. Peacock, the Post-Ellice
solicitor, appeared for the prksecution.
Mr. It. Sculthorpc, president of the London Distr:ct
Dc-
pertment, said that the prisoner resided at 10, Providence-
place, Kentish Town, and fur 30 years bad kept the pus'-,
office receiving house for the district. She also carried on
business as a milliner. There had been many complaint•
lately from Inhabitants in the neighbourhood respecting
the removal of postage stamps from letters posted at het
office, which letters were deliveri.d as unpaid, and in many
cases pjected on that account. With the view, therefore,
of Meting the Mike, six letters were made up and addressed
to persons in the country, and privately marked penny
stamps were affixed to each. These letters were posted at
the prisoner's office on Friday, and despatched with the
two o'clock delivery to St. Martin's-le-Grand, where
they were examined by Mr. Seulthorpe, in presence of
other officers of the establishment. It was fund

that the stamps had been removed from three of the letters,
which were consequently marked as unpaid. Stamps had
also been taken from several other letters in the lame col-
lection ; while upon one of the paid letters Mr. Sculthorpe
recognised one of his marked stamps. The prisoner upon
beidg subsequently examined with regard to the two
o'clock collection, stated that she despatebed the letters her-
self, end that no one ever assisted her in the post-offi,e
business. She was asked if she had any loose stamps in
her possession, upon whiFh she produced two from a
drawer, which were both identified as having been taken
from the test letters.

It was stated that although money was not received
now in payment of postage, people were continually in the
habit of asking for a single stamp, to put on at the time of
posting a letter, and it was supposed that the stamps were
removed from the letters in question to supply these de-
mands.

The prisoner, who fainted during the investigation, and
was understood to be in reduced circumstances, pleaded
guilty.
Mr. Henry inflicted the full penalty of 20/. upon one of
the cues, and told the prisoner she was liable to the same
penalty for each head removed.

THE PROSPEROUS STATE OF TRADE.

proper side of profit and lose account at the termination of the
year. It is generally believed we shall have •good trade this
year. The accounts from both North and South America
sre a favourable character, awl there can be no doubt
that Australia will require some of our manufactures in re-
turn fur the vast treasures she is regularly sending to this
country ; so that we hope to see our export merchants doing
a good bcsiness. The condition of the country is highly
satisfactory. Money is cheap and abundant The indus-
trious and all other classes of the people are well off, and
we think we may fully calculate on a good home trade. We
are at peace with the world, and we have great confidence
that the noble lord who now presides over the foreign
stairs will, with that patriotism which has ever distin-
guished him, use all honourable exertions to preserve peace.
We think the accession of the present ministry to power
will give additional confidence to the commercial interests
of the country. The policy of which they were the authors
will be most wisely carried out by them, and we have no
doubt their great talents and experience will be used in go-
verning this country in wisdom and justice.

COTTON.

Messrs. Williams and Smallpage, in the circular dated
Liverpool, Dec. 31, 1&52, say ;
It being customary at this period to give a review of the
course of the market fur the year, we beg to present to our
friends, in the hope it may prove interesting, the Cul:owing
short summary of the transactions that have taken place in
this country, during the year now about to close, in the great
staple article cotton.
Ixrosa.-The total import of cotton into Great Britain
this year has been unprecedentedly great, amounting to
2,3.57,614 bales against 1,904,323 last year, thus showing as
increase of 452,188 bales over the greatest import ever pre-
viously known-vis., 1,90.5,426 bales is 1849. From the
United States of America there has this year been received
1,794,698 bales against 1,397,015 bales last year, or an in.
crease of 397,683 hales, after an increased growth in that
country of 6.59,839 bales, the crop of 1851-52 proving
3,01.5,096 bales, whilst that of 1850-ol was 2,3.55,267 balm
It must, however, be considered, more especially in any
calculation as to the probable quantity we may receive of
the new crop, that the import of new cotton the last two
ino..ths of this year has been unusually great,
owing to the very early shipments from the Ame-
rican ports this season. From Egypt there has also been
a very important increase in the supply; the total amount
received thence this year being 189,230 bales, against only
63,266 in 1851, thus showing an increase of 12.5,964 bales.
From the Brazils there has been imported this year 142,893
bales, against 108,685 last year; and from the West Indies,
&c., the import has been 9,414 bales, against 4,797 bales
last year. From the East Indies the import this year has
considerably fallen off, bling only 221,379 bales, against
326,560 bales ; the low prices with which the year opened
'having offered but little inducement to merchants to import.
Srucx.-Notwithstanding the receipt here of so large a
quantity of cotton, as above stated, during the present year,
the actual stock on hand in this port, a• officially declared
tc-day, proves to be only 577,810 bales, against 423,730
bales the same time in 1851, and 468,180 bales in 1849 after
an American crop of 2,728,596 bales. The stock in this
port, as declared to-day, consists of 338,820 bales of Arneri.
can' Brazil, 64,420 Bril, 99,170 Egyptian, 6,830 West India,
and 79,570 East India. Compared with the estimates
given in our circular of Friday last, the declared stock
presents an increase of 30,698 bales in American, 10,032
in Egyptian, 8,057 in Brazil, and 4,282 in West India ;
but a decrease of 9,273 in East India; thus showing a total
increase of 43,813 bales. The stock held in London is re-
ported t• be 46,830 bales, and in Glasgow, &c., 32,880
bales; which with the quantity in this port (577,810 bales),
will make a total stock on hand in the ports of Great
Britain of 6.57,520 bales, against 494,600 bales at the same
time last year. Adding the quantity generally supposed to
be in the hands of spinners at present, viz., 150,000 bales to
the total stock thus ascertained in the ports, the quantity in
stock unconsumed in Great Britain this day, may fairly be
estimated at 807,120 bales, or equal to about twenty weeks
consumption at its present estimate of 35,806 bales per
week. An early and important addition may, however, be
expected to oar stock, the quantity of all kinds now on the
water for this port being estimated at nearly 200,000
bales.

CONSOXPTION.—There can be no question but that the
consumption of cotton in this country during the year just
closing has increased with rapidity, and quite beyond all
former precedent. To produce this many causes have com-
bined—viz., a healthy state of the home market, consequent
upon the continued extremely low prices of food—a good de-
mand inMauchester for foreign markets and a plethora of gold
lathe coffers of the Bank of England—which ensuring con-
tinued low rates of discount for a considerable period, gave
not only facility, but security also to spinners, in extending
their operations. A considerable impetus was also given to
the cotton consuming powers, from the fact, that,
owing to the remunerative prices at which goods
had been selling two or three years compared with the
value of yarns—the number of looms lied so multiplied as to
cause so great a demand for yarn during the greatest portion
of tne present year, that their value so a lvaneed in price
as to render the manufacturing of cloth, almost, if not en-
tirely, unremnuerative to those who had to purchase yarns.
The total quantity taken for consumption from all the ports
of the United Kingdom amounts to the enormous quantity
of 1,911,894 bales, or a weekly average of 36,760 bales.
Considerable allowance must, however, be made in esti-
mating the amount consumed, for the loss in waste from
sand, dust, and fly in the spinning of the last crop of Ameri-
can cotton ; so that deducting only the increase of stock at
present in the hands of spinners, compered with that held
last year—which we believe to be 60,000 bales—it would
leave a total consumed in Greet Britain this year of
1,861,844 bales, or 35,805 bales per week, against a total of
1,662,343, or 31,968 balm per week last year. Many of the
sew mills now in course of erection may be expected to be
pat in motion early in the ensuing year, and the great in-
seams in the consumptive power will then, we think,
Meese more apparent.
EXPORTB.—This year the exports from this country to
the continent of Europe, considering the great increase in
the consumption there, have varied but little, inasmuch as
buyers for those markets became free operators in America
at the low rates current at the opening of last season, the
export, from the American ports to the continent of the
last crop being 690,250 bales, or 35 per cent., in excess of
the preceding season. So far, however, this season, they
have not been large operators in the merican markets,
whisk may possibly and most probably will cause an in-
crewed export demand in this market during the coming
year, ea a great proportion of the cotton suitable for them
must now be on its way to this port. The total amount
exported from Great Britain this year to the continent of
Europe is 282,800 bales, against 268,500 bales lut year.
C01:1132 OF Pitieze.—The tendency of prices almost
throughout the present year has been against buyers. The
year opened with " middling " Orleans quoted 41d., but
although the receipts at mks ports during the first two
months began to indicate a crop considerably in
excess of all previous anticipations, yet such was
the confidence manifested both here and in Ame-
rican markets, that prices continued gradually to
harden, and at the commencement of the month of March
"middling" Orleans were quoted 5 3-16 d. per lb. From
that period to 16th of April a gradual decline of Id. per lb.
ensued owing to advice, of large receipts at the American
ports and exports to Great Britain, causing holders to
become more anxious sellers. So favourable, however, was
the state of trade in the Manchester market, that spinners
again began to 'mimines freely to some extent to cover con-
tracts, and so restored the confidence of holders, that even
in the face of an import of 452,735 bales in the four weeks
ending the 14th May, they succeeded in establishing an
advance in American descriptions of d. per lb., " middling"
Orleans on that day being quoted 6 5-16 d. per lb. From
that day to the close of July the market continued to fluc-
tuate about the same figure—the lowest quotation in the
interim for the quality just mentioned being 61d., and the
highest 51d. per lb. During the months of August and
September a further advance of Id. to Id. per lb. was ob-
tained—" middling" Orleans being worth bid. on the Ist
October, and as spinners throughout the whole of that
month, fearful lest the unfavourable accounts then re-
ceived of the incoming crop should prove correct, became
very extensive operators to cover contracts entered
into, whilst speculators also invested largely, consider-
able excitement was imparted to the market, and an
advance of id. per lb. was established, the extreme tales
made about the 30th October, being upon the basis of Old.
per lb. for" middling" Orleans. lilt unprecedented heavy
receipts of cotton at the American ports, and the early and
extensive shipments of cotton to this port, soon gave a
check to the wild career of our market. Spinners, who
were then supposed to hold a surplus stock of near 250,000
bales, began to operate very cautiously, and only to supply
immediate wants, while speculators became as anxious
sellers as they previously were buyers, and on the 10th inst.
tke value of " middling " Orleans had declined to 61d.
per lb. Since that day, however, although American ad-
vice. report a decline in the markets there fully commensu-
rate with what has occurred here, yet the advanced rates of
freight, and which appears at present likely to continue,
have tended to restore considerably the confidence of holders,
inasmuch as they will not only prevent any cotton being
laid down here for some -time to come below the present
currency, but also retard the shipments to this port consi-
derably—after the very great reduction in the limit' sent
out to the United States at the commencement of the pre-
..

sent month. Sellers, consequently, have obtained rather
better prices the last three weeks, and the market has re-
covered about id. per lb. from the extreme depression,
" middling " Orleans being now quoted at 50. per lb.,
with the market quiet but steady.
l'aosescre.—For the coming year the prospects are, we
think, on the whole, auspicious, for although the supplies
of cotton will no doubt prove very great (especial)y it, as
some anticipate, the American crop prove to be over
3,200,000 bales), and although we close the prescat year
with prices ld. per lb. higher than at the same period 1851,
we cannot perceive much probability of any material de-
cline from present rates, unless a considerable advance
should again take place in breadstuff', but of which there
seems to be less likelihood than there was a few weeks ego.
On the other hand it is reasonable to expect, with the pre-
sent
healthy state of trade in the manufacturing districts
the piospect of continued low rates of discount, combined
with the large consumption now going on, and the addition
to be made thereto by the new mills which will commence
running early in the year—that a renewal of active business
may soon take place, for the estimated stocks of 150,000
bales at present in the hands of spinners is by no means
large, more especially should there be the least indication of
the crop not being likely to prove so great as at present
expected.
MANCHESTER, JANV•RY I.—We have no market
to-day, New Year's-day being kept as a holiday. Mears.
Du Fay and Co. have published their annual circular, in
which they give an able review of the trade operations of
each of the past twelve months, and close with stating that
" the total stack of cotton in the kingdom, at
the close of 1852, is 6.57,621 bales, being a
larger stock than these has been to: the hat seven

years. The average weekly delivery, for home con.
suraption, from the porta of Great Britain, were 36,760
hales. Our mutual export table of textile f. brie. shows •
slight increase, which does net aerount for the largely-in-
creased consumption of cotton in 1812. The home trade,
therefore, has taken a larg.'r proportion than usual of the
production of cotton fabrics. We hope to be able to show
this to ire clearly in one of our future trade reports. Seal -
city of hands, absence of stocks, and steadiness of prices,
have undoubtedly been characteristics of 1862 in Lanca-
shire. The average price of middling New Orleans
cottoa was bid. per lb. during the past year.
We
„commence the present year with cotton at about
the same price, and with • certain prospect of an
ample supply. The only branch of manufactures which
has not been prospering during the present year is that of
domestics; a great many looms are now standing altogether,
owing to unremunerating prices." The total exports of
cotton goods in 1&52 are-128,692,294 lbs. of cotton yarn,
against 126,042,699 lbs. in 16.51; 880,32.5,314 yards of
plain calicoes, against 862,386,464 yards in 1861 ; and
476,327,672 yards of printed and dyed calicoes, against
481,610,216 yards in 1861. The general result is a total
increase of exports of cotton yarns to the extent of
1,500,000 lbs. of yarn, and 18,000,000 yards of plain calicoes,
whilst there is a decrease in the export of printed and dyed
calicoes of 8,000,000. In other exports of textile fabrics there
is an increase of 6,000,000 yards of linens ; of 200,000 yards
of woollen and cotton (mixed) goods; and of 340,000 yards
of woollen and worsted goods; whilst in lace, gauze, and
net, there is a decrease of 6,000,000 yards, and in woollen
goods of 170,000 yards.
Saturday was observed as a strict holiday in the Liverpool
cotton and share markets.