The Express.
London, England, 1848-07-25 00:00:00

think quite so welt of the cavalry, a matter of the less consequence,
m their numbers arc small compared with the infantry and artillery.
Troops are on the move everywhere on and towards the
frontier. The 98th Foot left Meerut for Umballah on the
22nd May, and their place was to be taken by her Majesty's
24th, from Agra. The horse battery at Hydrabid, Scinde,
had moved up to Sukkur ; and it is expected that after the
monsoon a division will move up the Indus from Upper
&jade on Moulton, their places being taken by the troops
now in Lower Scinde, these latter being replaced by four or
six corps from Bombay.
1 he monsoon has set in in Bombay with great violence. It
began on the night of May 26th, and, up to four o'clock this
evenine, upwards of ten inches of rain have fallen. Several
vesseis have been ready for sea for some days, but are unable
to leave owing to the stormy weather. One vessel, the Doke
of Lancaster, left for Cnina on the 31st, but returned to port
yesterday, with the loss of her mizen top-gallant mast.
Trade has cl .sed icr the present. Lord and Lady Falkland
kit for Poona on the 30th ult., and Sir W. Cottest on the
the Ist inst. Earthquckes and thunder storms have taken
place all over the country during the last fortnight. The
ltev. Mr. Cook's house, at Colaba, win struck with light-
ning on the night of the 26th. A great deal of damage was
done to the furniture, &c., but luckily nobody was hurt. A
large dinner 'icily had only left the house half an hour
before the accident. Capt. Holder, of her Majesty's Bth,
died at Poona on the 29th ult. Everythino throughout India
continues tranquil, and but little sickness prevails.

COMMERCIAL AND MARKETS.
CALCUTTA, June 2.—Since the dote of our last report,
Mays, everything connected with commirce has worn a very gloomy
appear Our export market has been completely paralysed by
the hnie news. The little confidence which remained has been m-
d, and the mat sanguine are at a loss what to du,
and unable to see the:r lay through the difficulties which enviton
commercial and 1.1160,101.m5. Business tow been almost at u stand
still, and the comp are'ively desertetl Mite of the streets, in what for-
merly used to be um busy haunts of commercial activity, at well as
the Scanty daily Hata of espn ts, sufficiently initiate the low state of
prostration to which our trade has hero reduced. The mail of the
21th April 1. looked for with mush anxiety, although but little h+-pea
are entertained that it will bring newts of a nature calculated to pro-
duce an unproveinent in the state of alfalfa here.
Our market for exports has felt severely the minting state of com-
mercial depression. Indigo ha. been very quilt, little ii.pceition be-
ing shown to operate in the article. Sugar hes keen greatly neglected,
and a decline of fully Its 1 per cod. has tak. n place in its
value. The new crop Is making its appearance in small par-
cels, which have been placed at 7 to 7.11 pee cod., according to
mulity. It is conjectured that the imports foam the interior will
be less than during the past year; for, in addition to the little
temptation which the propecta of the market offte to importers,
the reduced price of we article will doubt', a give rise to a large increase
in the .o=l oliouitipten. During the last few years its high price
'dosed it beyond the reach of the mat numerous clam of the native
population. Saltpetre has continued in active request at progren-
sleety onprormg prison, attaining a rim of H. Ito 1-2 per rod. The
reduced rate of freight has drawn :Mention to rice, and some ship-
ments to England nave consequently been made. The transaction. in
safflower have been limited, owing to the disinclination of buyers to
submit to the terms dernauded by holders. Raw silk and silk piece
goods have, uuul lately, been quite neglected.
The import market has Aland, though in n bus degree, the in-
activity which has prevailed since the date of our last price current.
Holders continue to evince a desire to place their goods, while the
minds of the principal dealers, who are also npeeinatarli in opium,
have been linear bid by the Clair. of the great time-turguin opium
cuntramer, which, wined to unfavourable accounts from the upper
provinces, has coed a fading oft in th • demand. The ounitomince
um been., decline in prices for almost all deem iptions of pace goods
awl niule twist. 'turkey red yarn cumin ends a better llClllatia at im-
proves rata. Metals have been rather neglected.
The money market has remained without touch alteration. Money
continua abundant mid procurable on comparatively easy terms on
security in govennoent name. or equally valuable and tangible se-
curity. Seven per cent. is the rate of iniereq ou loans covered by
this security, and 10 to 12 per cent. for loan on mortgage of landed
property. The business of toe Bank of Bengal has been reduced to a
small CiallilaS, fur mutt of approves. chainwls fur the ineestment of
its funds. The next dividend will coesequently he smaller than
they have been of late, but we underatard that the bank has suffered
no 10-a whatever from the commercial disaster. wh.ch have
ruined in many, and tram which no few have escaped unscathed.
The price of its share* is still 2,051 premium. Government seeurities
have given w4y in ounacquence of the threatening milieu of affairs in
the l'unjaub. Our present quotations are :•-4-. to 5.4 discount Se.
curial and Third lives • 3 to 3.6 ditto in New Fovea; 17 to In ditto in
Company's Fount ; and 19 to 20 ditto in Sicca Rupee ditto.
Very few transactions nave taken place in Exchange. The rates
for nil months' night documenta, are 1-10 to 1.101 ; but this
description of paper, owing to the email quantity of geode going for-
ward, is extremely made and much wanted. We have beard of a
sale 01 uncovered hells ut three months' eight, drawn by a highly re.
spectibic tient her.. on Jona Loyd and Cu. at 1-91. The culls upon
the export *Arcanum for advances have been trifling. Only rs. 1,03,104
have been taken mime the 3oth April. Exchange on China, ex Zvi to
3 2 per DM Sp. als, Ull (Al lon 3 per cent. dismount at eaglet.
Freights have undergone causideroble fluctuations. Our last repot
left them at Si. to 11. 56. for dead weight to London. During the sac-
week they tell to 41. to 41. 10s. ; in the second week they
became very unsettled, and we, quoted at 31.13 a, During the past
week they rote to 41.10 a. and now our quotations are 41.51.
to 41. los, with a downward tendency.
VAIX. BANK Stern, &C.

Tren:ler Five per (Mat.
ttemnd ditto 4 8 0 to 3 0 0 doer.

Third ditto

New ditt0........

4 B o to

10 5

ltrauarra.
London. Liverpool.
&Wu Z 1 5 0 to.CI 10 0 .C 4 0 OtoLl 10 0
tt!lipetro

GOODWOOD RACES.

THIS DAY.
SWEEPSTAKES of 300 Bove.
Van Tromp
Cossack

SHIPPING.

MAILS ARRIVIID.—DuhIin, 3; Waterford, 2; Donagha.
dee, 1; Guernsey, &e., 1 ; French, 2; Flanders, 1.
LONDON, July 25.—Wind this day at noon, S., mo-
derate breezy, and dull !ItiTy w.sther.

SCILLY, July 20.—A large head-board, with "Ocean
Queen" painted on it, was pa‘sed, 17th inst., between Seven
' Stones and Scilly, by the Vestal (yacht), arrived here.
LIVERPOOL, July 24.—The Sultana, from Shediac to
Liverpool, was wrecked, 6th inst., on the north cape of
Prince Edward's Island.
SHIELDS, July 22.—The Bolton, from Quebec, is reported
to be off Holy bland, water-logged. The Oa's, of Howden,
sank near Kilosea (South Cliff) this morning,
Orr LIVERPOOL, July 24.—Arrived: Superb, Dalhousie;
Mary Hannah,—; Westmoreland,— • Emma Graham,—.
TENBY, July 23.—Arrived : Providence, Quebec, for Car-
marthen. _ _ . . . _ _

--....—.
STODWELL ROADS, July 23.—Arrived : Nestor, Quebec,
for Aberdovey.
OFF BRISTOL, July 23.—Arrived:' Britannia, Quebec;
Falcon, Pustwash ; both for Gloucester.
DEAL, July 24.—N.W. to S.W. by W.—Arrived:
Amphitrite, Surinam, and sailed for Rotterdam; James
Cruickshank, Demerara ; Prince's' Victoria, Prince Edward's
Island; Acadia, River du Loup; Brutus, North America,
and railed far the northward. Arrived from the river and
sailed Robert Hende.son, —; Golden Fleece, Pernam-
buco, but since put back; Tasket, Charleston. Sailed:
George, Swan River; Renown, ?ort Philip; Queen, Cf,ina;
Augusta Jessie, Ceylon; Cleopatra, Cape of Good Hope;
Ceres, Honduras; Prince George, Quebec; Cambyers,
Heart of Oak, and Lina, Rio Janeiro ; Pollok, Miramichi,
but all put back ; Eglinton, and Amy and Louisa, River St.
Lawrence.

THE PEOPLE'S LEAOCE.—On r‘nreday evening a
meeting was held in the Music-ball, Leeds, to bear an
address from Mr. Beggs, in explanation of the objects of the
People's League. Mr. John Andrews was called to the
chair, and proceeded to declare his adhesion to the principles
and objects of the People's League, comprehending manhoor.
suffrage (as distinguished from household suffrage), triennial
parliaments, vote by ballot, i&c , and to deprecate the vio-
lence which in some instances had been resorted to by the
friends of the people's charter, holding. as he did, the sacred
principle that they must not do evil that good may come.—
Mr. J. Barker explained that his principles led him tar
beyond the principles of the People's League. He was an
advocate of the people's charter, but he was not for resorting
to war and bloodshed, as had lately been the case in France.
He would have the meeting support the People's League,
as a step in the right direction, but be would not
have them to wait upon the People's League, but go in
advance of it as they thought fit —Mr. Beggs said
the committee of the l'eople's League bad last week, in
London, resolved to make a mow, meta in support of their
objces, the principal of which was the attainment of man-
hood suffrage, a term almo-t syni nymous with universal suf-
frage, es it comprehended the right of every male, of the ap
of 21 years, untainted with crime, and not confined in en
asylum, to vote in the elec!ion of members of parliament. In
pursuance of that resolution they had since held mi etings at
Derby and at York, and he had no doubt the movement
would go on. He strongly urged upon the meeting the im-
portance of unity of etibrt, and a steady attention to prin-
ciple at the present moment. He thought all would agree,
except perhaps the ministry, that the present was the time
for action, and that with union and organisation they must
suet zd. The Chairman, in closing the busing, thanked the
audience for their attendance. He trusted that there would be
an orgs^ 4ation of the friends of the People's League in Leeds, if
it had not been already determined uy ; as he was of
opiuien with Mr. Beggs that they had only to determine to
ere:), out their objet', and it would become a tact accom•
p'ish•d. They had a good object before them: let them he
detettnined to °bidet it only by right means.—Mr. W. Brook
propo'ed a vote of thanks to the chairman, and said that
though he could not advise the people to join the People's
League whilst there was an aszociat ion of char:ill's in the kiwi-,
yet he would not oppo7.e their measure; merely because they
fell short of the six points of the charter. —Mr. D. Green
seconded the motion, which was adopted by acclamation, and
slier a few words of acknowledgment from Mr. Andrews
the meeting broke up.

COMMERCIAL 4 MARKETS.