The Express.
London, England, 1849-10-18 00:00:00

Deferred. at 7/. Two-snd-a-Halt per Cent. Dutch, at
63j and j; ditto Four ler Cent. Certificates, at 821,
and 82.
Feats being entertained that homeward bound sa-
xes km the westward may run abort of prov:lnons,
owing to the prevalence of easterly winds t f late, cep-
libation was /meetly made to the Admiralty 'equat-
ing ti.at, the usual &mistime might be reedited to
such vessel,. This request has bees acceded to by the
authorities, and her Majesty's ship Superb has already
been ordered on this 'eerie', whilst the Hope bas
been directed to proceed on the same duty from Cork.
St. Petenabort advice. of the 6th state that the
market fur tallow continued depressed, whilst It.
Russian dealers wire my relnetant to sell at the
reoedicg prices. About 3,000 casks had been disposed
of, the foreign houses to return the tallow next year
at a Cantinas of 4 ruble% Sales had been Weaned
of first Y. C. at 106 to 107 It. ; first Kelowna at 110
R.; first and second mop at 102 to 107 R. Contract
settlements were done at 103 R. First white candle
was quoted n.minsl at 128 It. In hemp there was
little doing, and the qtiotat'ons were without varia-
tion. FIJI bad given way a little in prise. Clean
was quoted at 80 to 79 It. Oatabot at 75 It., and
half clean at 73 U. There was every probability of
a large quantity wintering as the season advanced
Of linseed about 15,000 chetworts had b.en din-
peed of daring the last few days at 221 to
261 It., according to quality. The total stock on
the apart was reduced to about 45 chetworts. Potashes
were in small stock, and were quoted on the spot at
6511. For 10:h October, 800 casks Kasen hid been
sold, at 82 It., and Stroh at 81 It. Lips had found
buyers for 10 and nibs. at 60e. Bristles met a
ready sale at 165 to 210 r. for Okalka, and at 102 to
11311. for first sort. Iron was quoted at 43011. The
men market was altogether inactive. Freights had
given way, and with the exception of Butted, little
cargo was offering. The rates to London were quoted
3s. for 1 need ; 235. to 21s. for tallow; 40e. for hemp ;
48e. for deals. The exchanges were, on London, 371
to 7-18 ; on Perin 395 to 396; on Hamburgh, 34 3-16
to 1. Letters from England to the 25th September
had been received. The arrivals at Cronstadt this
year were 1,310 vessels, add the departures 1,103
vessels.
From Rigs the advises are to the Bth inst. The
market for flax was firm ; the price was kept up by
the limited arrivals, though more abundant supplies
were expected as the season advanced. The Lief-
latch:re, who are generally the first in the market,
had nut yet made they appearance w.th their new
flax, nor had the flax-growers from other districts,s.i
that the supplies of new flax would bi later this
year than usual, The weather had been wet, but
erotic' net be injurious to the flax unless frost set in.
The quality of this year's crop is favourably spoken
of, and that which had already been brought to
mark-t was flue, long, end strong. Business bad been
dote in CM r.' 26 to 29r., according to quality.
PDC at 23 r., DC at 22 r., end PRT et 18 r. ; and in
Cedilla at 11 to 11}r. The demand for hemp wee
limited, nevertheless the prices were maintained for
cemmon Poli-h Rein at 90 to 92 r. ; Outshot, 87 to
88 r.; and Pass, at 85 to 86 r. The supplies of sow-
ing le.sted continued moderate, owing to the literati.'
ot the season this year, and the result of the crop bad
not yet been determined. The opinion prevailed that
the ern? ot seeds in general would be short this year,
but especially that of sowing seed, and until this im-
portant point was better ascertained, the Nahum in
this article could not be said to have commenced.
The total arrivals were limited to about one
thousand barrels of new sowing seed, for
whim the nigh price of 10r., or 375.
f. n. b., was asked fur the finest quality.
For the ordinary qualities, 7 and Br., equal to 275. 6d.
and 31s. per barrel, f. o. b., would be accepted,
but no transactiors had taken place, although the
hoiden would not telex in their demand The crop
of crashing seed was &handset, and the price will de-
peed entirely on the English and Dutch markets ;
but purchase@ on speeolatioa bad been made in the
growing districts at advanced rater. In grain
not much sal doing, with the exception
of bailey, in which several transactions
had taken place for shipment to England
at 503 r. for 106 107 (sNbe.), and Stir. for 110 111
Oats weighing 77 78 had been disposed of
at 43 and 451 r. The new crop of grain was not of
heavy weight, bat there was no indication of the pre-
sent prices giving way. The disease in the potatoes
was very general, and in some places two-thirds of
the crop were destreyed in consequence. The rates
of freight to London snd Hull were 37e. 61. for flax,
and 40.. for ditto third quality ; crushing seed, 3.. to
3r. 01. ; and peas, 4s. 3d. The number of vessels
(geared inwards this year was 1,306, and 1,278 ves-
sels cleared outwartle. The exchange on London was
371 d. for three months.
The position of the refineries of colonial sugar, as
compered with that cf the refineries of red beet root
sugar, two distinct and adverse interests at present in
activ- operation within the circle of the Germsa
Zollecreen, but more especially in the North of
Prairie, is beginning to excite serious apprehensions
on the part of the former; and from the excitement
which appears already to prevail in those cstintries
on Vie subject, will, no doubt, ensure for it the earnest
coenderation of the Venetian government, since one
of its principal sources of revenue is materially
affected by the protection afforded to the native sugar,
to t; e manifest prejudice, we might say, threaten-
ing altogether the entire extinction, of the
colonial sugar. refineries. To understand this question
in all its bearing it is necessary to point out that
the principle adopted by the Zollverein, and by which
they hoped to gain the adhesion of all the German
stmt., was the emission of a tariff which would insure
a considerable revenue to the state, and at the same
time operate as a stimolus and protection to native
industry. With this view five Prussian dollars im-
poet duty are levied on every 100 lbs. of raw colo-
nial sugar, and refined sager was for the first time
altogether prohibited. It may be proper here to
mention that nearly all, certainly the greater part, of
the sugar consumed in Germany is refined, and cones-
quently,under the prutectioe thus afforded, the refineries
of colonial sugar began to increase and to extend
themselves, specially in the German ports of the
Baltic. Te parties who embarked in these under-
takings had good reason for some time to be well
satisfied with the result of their speculations. In the
me. n time, however, another branch of industry, the
cultivation of the ed beet-root for the parries of
making sugar, began to make rapid strides in the
interi'.r of the country, and under the fostering infia-
eace of the import duty on colonial sager, and the
prohibition of refined auger, it continues to be
successfully manufactured into raw and refined
sugar; and being subject to an excise of
only 221 silver grow:hen, or about 1-7th of
the duty on raw colcniel sager, the production and
manufacture of it has increased to an extent equal to
the supply of one-third of the entire consumption of
sugar in Petunia. The advocates of protection have
now an opportunity of judging of the effects of their
favourite system. Here are two protected branches
of industry—the one protected against foreign com-
petition, and the second protected against the former.
Ucder this system both hive been forced into an un-
natural development, and have at length attained that
importance that one of them must of necessity give
way, in order to enable the other to revive, unless the
government steps in, and either by an increase of
the duty on beetroot sugar, or a reduction in
the import duty on raw colonial sugar, averts the
annihilation of one of the tNO branches of industry,
which otherwise would be inevitable. If the financial
interests of Prairie bo :egarded, it is impossible to
avoid taking some .teet of the kind, for it is well
known that the colonial sugar duty fame a very im-
portant item of the revenue, and setting all other con-
siderations on one side the citation cannot be a
matter of indifference to the Minister of Finings,
whether the duty on 700,000 centners colonial ewe
at five dollars, say 3,500,000 dollars, or only a sevsath
part, say 700,000 dollars, being the amount of duty
on the same quantity of btetsugar, are paid into
the exchequer annually. The shipping interest too
have also an important stake in the question, for if
the trade in celestial sugar must be abandoned,
in order to favour the production of beet-root, the
annual frghtage of upwards of 40,000 tons of sugar,
priteipelly -from transatlantic ports, which gives em-
plo3ment, say to 100 vessels of 200 tons each, would
be altogether lust, and thus a severe brow would be
inflict. d on, without coy correspondirg advantage to,
the merchant nay. of Prumia—a consideration which
no prudent statesmen would lose sight of, and. we
limo no doubt it wi 1 have its influence in deckling
the question at the wetting of the respective sugar
refiners appointed to take place for that purpose this
week, at Berlin, to which we adverted in our paper
of the lath instant.