The Express.
London, England, 1848-05-13 00:00:00

PROCEEDINGS IN THE NATIONAL
ASSEMBLY.
PARIS, FRIDAY, 6 r.w.
The country has had a narrow escape of paying
dearly for the crotchets of M. Louis Blanc and his
disciples. In this respect at least the time which in-
tervened between the revolution and the convocation
et the Assembly was useful ; it gave the charlatanism
et the organisation of labour rope enough to du for
itself. The National to-day has the following
sensible observations on this subject :
The National Assembly, in refusing to create a special I
Minister of Labour and Progress, and in naming a committee'
of inquiry for the amelioration of the labouring classes, has
given proofs of wisdom and judgment. It has been sitting
but a very few days, is composed of very heterogeneous ide-
moots, no cohesion has as yet taken place amongst its members,
and yet its first proceedings have been of favourable augury—
they are marked by a spirit of prod, tit and equitable aceom-
Inodation to the political circumstances of the moment. A
Minister of Labour and Progress, if he had been appointed,
would have been named with a view to a certain socialist
theory. But just imagine, in the present state of diversity
of melee conviction*, in this conflict of sects, of which each
deems itself preferable to the other, imagine what a
theory placed in power and regenerating society wood be.
Nothing could be more calculated to disturb, and more oppres-
sive. Let us declare that aloud, and without restriction ; on
these problems the state knows nothing, and can know
nothing ; far from knowing anything, it has all to learn from
society. It is society which, by free discussion, will format)
opinion for Welt, will separate the good seed from the bad,
and will give authority to what otherwise will always want
it—it is fiom it that the initiative ought to come. Try to in-
vert the parts, ydace in power such or such a socialist theory,
and you will soon behold its radical weakness. Not being
founded on any assent somewhat general, not hosing any
moral power, it will be immediately reduced to impose itself
by laws .decrees, and regulations. It will carry trouble into
everything which it touches, and everywhere it will not be
merely null, it will be tyrannical. S 4, we again and again
repeat it, the state of things demands, since there has not
yet been formed amongst society on any of the points debated
amongst the socialists a reasonable conviction, and, in cause-
sequence, a real and determinate assent.
The pantomime to be enacted on the Boulevards on
Sunday has drawn a torrent of ridicule from every
branch of the public press, and, as I intimated would
be probable, the members of tho corps diplontatilue
I have already manifested a good deal of contemptuous
, indignation at being assigned parts in the drama.
The following notice has been published in the
journals to day :
An imposing manifestation in favour of the Poles is in
preparation fur Saturday, May 13. All the clubs of Paris
are to assemble in one body to carry up an addreas to the
National Assembly. The friends rat Palma are invited to
meet at eleven o'clock on Saturday, on the Place de la Bas-
tille. The procession will immediattly move on its march
along the Boulevards. Measures are taken for the perfect
preservation of order.
The announcement of this demonstration has
created considerable alarm, and excited strong

remonstrances.
A large fort o of the national guard ,will, it is said, be
called out, and the procession will not be allowed to
reach the chamber. Should a collision take place, it
is difficult to foresee what may ensue.
It is understood that M. Ledru Rollin strongly
insisted on having one of his followers installed in
the Ministry of the Interior, so that, although a mem-
ber of the Executive Commission, he should still
wield the same powers over the country as before.
He required that either M. Flocon or Jules Fabre
should be nominated to that office.
This being resisted, M. Ledru Rollin threatened to
resign, which was the origin of the report mentioned
in my despatches of last evening.
The other members of the Executive Commission
were, however, steady in their purpose, and the ex-
Minister of the Interior thought it prudent to y;e11.
Explosive elements, however, are still mingled in the
government, and may at any moment lead to a
catastrophe.
PARIS, Mar ;12.—New Loan, —; Three per Cents., Otte=
ri•• per Coats. 701; Four-and-Itall; ; Fours, —;
Ftrea, 1840, 871: Do. 1542, lb. Threes, —; De. Two-and-a-
Ralf, ;
BeakNples Mentes, 721 ; Roman loan, 531 rtraesury
Bands, 29. a Shares, 1393; kachattge on London, no trans•
redone.
itsu.wara.—Paris and Orkena, 523 ; Parte and Konen, 395;
Bourn and Mere, 200; Mignon and. Marseilles, 200 ;
bourg and Bale, 53 ; Orates Tierra's, 243; Amiens and Boulogne,
—; Bordeaux, 395; North, 342 30.
I subjoin the statement of the Bank of France up
to last night, which has reached me at so late an hour
as not to leave a moment to comment on it.
STATE OP run BANK OP FRANCE up to May I I, with
the corresponding items of the preceding week :

Week ending Week elating
May 4. May 11.
I. C.
0 67,900,000 0
10,000,000 0
4,000,000 0

Capital
Reserve
- in real proo—

lo;ood,000 0
_flo,ro,ooo

Iteserve in ...el propw, ty
Bank notes in culatlon
I. is
banks
Bills to order
Account current of Treasury, cre-
ditor
Divers amounts current
Receipts payable at sight
Re-distount of last halt-jeer 728,692 37 718,691 37
Dividends payable 214,528 25 209,320 25
Discounts, sundry interests, and ek-
pe
Bank opt Algiers sums net yet invested
in Treasury bonds 1,106,773 69 1,106,923 69
i Drafts of the branch banks payable . 1,121,177 78 1,571,728 61
1 6... dries 195,189 27 256,293 83

MONEY MARKET & CITY INTELLIGENCE.
Two o'Clock.—The funds are still in decline
and the market heavy, without any ap-
parent cause but what may arise from the state of
business in the house. Consols are now down to
831 to for money, and 831 to for account.
These rates show a remarkable difference between
buying and selling prices, in the one case 1, in
the other ; per cent. It would seem that
both buyers ardsellers are looking forward to
considerable fluctuations during the progress
of the account. Reduced Threes are 81; to 2.
Three-and-a-Quarter per Cents., 821 to 3. Exchequer
Bills, 38s. to 41s. premium. Bank Stock, 189 to 192.
As was to be expected from the tenour of the in-
telligence from Madrid this morning, Spanish
stocks have fallen still lower. We quote
the Fives, ill to 121; the Threes, 21 to 4. Passive,
21 to 3, but with little doing in them. Portuguese,
17 to 18. Dutch Two-and-a-Half per Cents., 41
to 3 ; the Fours, 61 to 3. Russian, 84 to S. Mex-
ican, 15; to 16. Peruvian, 36 to 8. Brazilian,
68 to 71. Belgian Four-and-a-Half per Cents.,
58 to 63. It will be seen that the foreign market is
generally depressed, but in fact, the dealings in these
securities have been quite unimportant.
A report unfortunately appears in the Daily News
this morning, of the stoppage of Messrs. Heg. n, Hall,
and Co., of Liverpool, a highly respectable house in
the South American trade. We are authorized to
state, by the intimate connections of the firm in this
city, that there is " no truth" in the report
ENGLISH FUNDS.
Rank Stock, 189102 3 per Ct. Cons Ae., 113/
3 Per Ct. Rod. Aiwa, 811 2 3) per Cents.. 62.4 3
3 per Ct. Cosa. Ann.. 831 4 I Exchequer Billargs. to 41a. proem
imamate FUNDS.
6 per Ct. Austrian Bonds. 1 per Cent.
,Orenada Bda., 14 15
Der Sotonittrjol, 68 " Ct Gri rid. flefrican,ltili.2l3ll6
3 Co. Itrasliiao lids, (11 71 6 per Ct. Peruvian Rd., 36 8
Ditto New. 73 8 _ _ Portuguese Cour. Bd., 17 113
SirttTctrir 14.7e111".• 7° "Drit SpmWi Edda 11 j 12}
Ditto Columb. Pg. IRK 3 per Ct. Spanish Bd., 21
coinsoblan Lquastor lid.. 2 Spanish Deferred Ws--
3 per Co. Metal lids., 55 03 Ditto, Primisc kids., 24 3
81 per CO. Dutch Bd., 41 3 2 per Ct. Vsnetuela .18 21
4 perCL Dutch Cert., el 3 Veossuela Deterred Be,
RAILWAYS.—Our market is rather heavy to-day.
We quote the following lines:—Midlands, 104 to 6;
London and North-Westerns, 132 to 4 ; London and
South-Westerns, 47 to 9; Brightens, 32; to ; South-
Eastems, 241 to 1 ; Great Northern, 91 to I die.;
York, Newcastle, and Berwick, 32; to 3; Eastern
Counties, 141 to 15.
SALES EFFECTED UP TO TWO 11118 DAY IN LONDON.
( Yesterday's prices will be found in last page.)
Aenb Not., & Boa, E. In., 11 Man., Sheff., Ps Lin.lol.Pref., 714
Buckuiihaniabire, 31 3 d Midland, 1044 54
Caledonian, 321 14 Do. 501. Con. Pref., 10 4
Eastern Counties, 154 141 Do. Con. Brie. and Dim 6 per
Do. New Guar. 6 per Cent., 31 Cent., 120 19
Do. Ex., No. 1. par Norfolk, 70
Do. No. 2, 1 1 d North British. 224
Do. North. & East., 501 Do. Qrs., 51
Fast Lancashire New, Do. Thirds 11
Edinburgh & Glugow, 48 7 N. Staffordsh 101 16
Great NOlikkern, 31 4 Shropshire Union, If
Great Southern & Western (Ire- 8. E. and Dover, 241 24
land), 25 4 Do. No. I, 141
Great North at England, New 40!. Do. No. 2, 71 7
shares, 53 Do. No. 3, 101
Great Western, 95 Do. No. 4, Thirds, Si
Do. Qrs., 763 4 Wear Valley 6 per Ct. Guar., 27
Da Fifths, 214 York, Newc.,& Be?., St} 3
Do. New 171., 9 Do. Orig. Newr. Ox Ber., 291 WI
Lancashire and Yorkahire Thirds, Do. Eaten. No. 1 (York and
Beg.. 51 6 d Newt.), 171 4
Do, Preston and Wy re, 84 31 De. Eaten. No. 2 (New. and
Leeds and Bradford. $2 Ber.),111
Leeds and Think New, 51 Do. G. N. E. Pur. or Pref., 9
London and Blackwell, 541 York and North ,71
Lon., Brighton, &B. Coeds 321 3 Do. Prel., 131
Lon. & North-Wern, 132 4 Do. E. and Amiens,, 321 11
Do. New Qrs., 4) Boulogne 61 1
Do. Firths, 34 N. of France, 34
Do. 101. eb., M. &B. (A), 101 Rouen & Havre, 74
Lon. and S. Western, 04 71 I Sambre and Mena. 41
Do. Thirds, 7 1 Wert Flanders,
LIVERPOOL BALSA. 11.sy 13.—Chrs
Taw -'"-
Birk, Lan., end Ches. In. (late
C. &13.). 13/
F- Lane. Qrs. sew. 61 d
Lane. and York., W. 12. U., 3I d
Lon. Is N. West .133 4
Do. N.& B. Qr. (A & B), 24p
Midland. 106 5
Do. Halves, 41 d

seed, 20 ; Wheat, 4,876; Barley, 2,860; Oat, 260 i Bea",
1,399; Tares, 5.
LINCOLN, May 12.-The very favoorab'e change in the
weather, and a fair supply of Wheat from our farmers.,
caused our market to rule at Is. decline for this article.
Scarcely any Barley showing ; prices nominal. A small chow
of Oats, with a good demand, at Is. more money. Deane
maintained Out week's rates. Wheat, red, 435. to 484.;
white, 475. to 51e. Barley, 325. to 365. Oats, 17s. to 235.
Beans, 40s. to 42.
LIVERPOOL, May 12.-Since Monday last few vessel!' have
arrived here from any quarter, and we have consequently a
very limited fresh 'tipsily of all produce, British as well as
foreign, including Indian Corn ; the exports of the latter
article and of Corn Meal, though less extensive, arc dill to a
fair amount, and almost wholly to Ireland. The weather
continues remarkably dry and hot for the season, which is
much against the progression of spring corn in the
ground, end in some cases, upon af.ff lands, prevents
the completion of to sing : this increases the tendency to im-
provement in the demand for Oats ; but in Wheat or Floor
there has been little doing here within the past two days.
each in many of the country markets this week being agile.
quoted lower. At our market to-day the transactions ia
Wheat, of any description, were principally restricted te
limited retail parcels, in some instances on slightly easier
terms, but in general without any quotable change from
Tuesday's rates, which may therefore be considered nearly
unvaried. Irish and American Flour, continuing to move
slowly into the hands of cosset:nen, late prices were barely
sustained. Influenced by the cause stated in the preceding
remarks, all kinds of Spring Corn were decidedly bald with
increased firmness; and, although in any of there no extensive
business was done, Barley, Malt, and Beans fully supported
our previous currency, and Oats were the turn dearer ; Oat-
menl, at the same time, remaining somewhat more steady in
value. Peas little noticed, and rather lower. Having
several Irish millers at our Corn Exchange this MOPE-
ing, further large tales ot Indian Corn were effected, at
an advance of 6d. to Is. per 480 lb. ; and Corn Meal, up: n a
good demand, was 6d. per barrel dearer ; by which, and the
previous extensive drain for some time past, the stocks of
both these articles here see considerably diminished. Arri-
vals from the 9th to the 11th May, inclusive, into Liverpool
and Runcorn: Wheat, 1,700; Barley, 30; Malt, 754;
Oats, 140; Beans, 50. Indian Corn, 739; Oatmeal, 286
sacks. Flour, 630 sacks.
RIPON, May IL-Our supply, although not very cetera-
sive, was more than equal to the demand. Wheat may he
quoted at a reduction of from Is. to 2e. the quarter, and all
other description of grain dull of sale at our quotationa.
Wheat, white, 6s. 64. to is, per bushel ; red, 6s. to 6s. 9d.
Beans, be. to 6s. Barley, 325. to 355. per qr. Oats, 20s.
to 241.
SCARBOROUGH, May 11.-The weather continues very
dry. Farmers already begin to complain of went of rain.
Few samples of Wheat are shown, and the sellers by no
means willing to take less money. In Barley very little
doing. Oats are thought to have seen the lowest prices, and
the holders are very firm to-day. The flower.trade is as
dull as possible, and the market over stocked. Wheat 6a. to
7s. per 5 stones ; Barley, 30s. to 325. per qr. of 32 stones ;
Oats 91d. to 101 d. per stone; superfine Flour, 424. to 431.,
and seconds, 365. to 375. per sack of 20 stones.
SHEFFIELD, May 9.-We were rather plentiful'y supplied
with Wheat to-day, but only a moderate amount of business
was transacted, at a decline in price of 6d. per load. In other
ll articles scarcely anything doing.
SOUTILLYPTON, May 12 -There was but a limited atten-
dance at our market to-day, and the business transacted
was only to a moderate extent, millers trying to buy at a
considerable reduction, to which holders would not accede
in a general way. Barley and Beans fully u dear, and
Oats rather dearer than last Wheat.
WAKEFIELD, May 12.-The weather continues fine, and
the present prospect for the Wheat crop is very favourable.
Our arrivals of grain this week are fair, but, as we appear
likely to he dependent maiuly on our growth for some time,
I. consequence of the blockade of foreign ports by the
Dams, there is more firmness in every article. Choice qua-
lities of Wheat are in request., at an an advance of Is. per
qr., but there is no improvement in other sorts. Barley
ieteady in price; Oats rather higher. Shelling as before.
1 Beans are without alteration in value ; extra fine are scarce.
Malt as before. Little pawing in other articles. The fol-
lowing are the present prices: Wheat, per quarter,
601 b. to the bashel, Sutfolk, Essex, and Kent, red,
new, 48s. to 495.; extra, 503.; white, 495. to 515.; extra, 53e.
Norfolk and Hunts, red, 465. to 475.; extra, 495. ; white, 46e.
to 495. ; extra, 505. Lincolnshire and Cambridgeshire, red.
435. to 475. ; extra, 495.; white, 455. to 48s. ; extra, 505.;
I Yorkshire, red, 465. to 48s. ; extra, 495. ; white, 48s. to 605.;
1 extra, 51s. ; Dantzic and Konigsberg, white, 48e. to 51e. ; ex-
tra, 545. ; Lower Baltic and Hamburg, red, 475. to 495.; extra,
60s. Mediterranean, red, 33a. to 375. ; extra, 43e. ; old,
red, 46 I. to 48s. ; extra, 51s. Barley, per qr. imperial, Nor-
folk and Suffolk, 325. to 345. ; extra, 355. ; Lincolnshire and
Yorkshire, 325. to 34e.; extra, 355.; Foreign, 30s. to 335.; extra,
355. Beans, per quarter, 631bs. to the bushel, small, fine, new,
365. to 375. ; extra, 38e. ; Ticks, new, 345. to 365. ; foreign,
new, 335. to 355. Oats, per stone, mewling, 1044.
to 1114. ; extra, 12d. ; feeding, 101 d. to 111 d. ; extra, 12d.;
foreign, liki. t.; WO.; extra, 12d. Shelling, per load of
2611b5., 265. to 275. ; extra, 28:. Malt, per load of 6
bushels, 40s. to 415. ; extra, 425. Peas, per imp. qr., blue
and white boilers, 345. to 365. ; extra, 37e.; grey and feed,
32a. to 34e. ; extra, 355. Rapeseed, per last imp., English,
241. to 261. ; foreign, 241. to 261. Linseed, per imp. qr., Me.
to 445. Imports during the week : Wheat, 11,156 qrs. ; Bar-
ley, 951; Oats, 631; Beans, 1,516; Peas, 9 ; Linseed, 133.
Shelling, 282 loads.
YEOVIL, May 12.-There was a slight reduction in corn
to-day, but very little changed hands, holders not feeling
disposed to wil at the present low prices. Wheat,
to 6s. Barley, 335. to 365. Oats, 2.25. to 265. Beano, ss.
to ss. 6d.
Dasrztc, May 4.-About 100 last of Wheat have been
bought in the last three days ; good, 611 b., mixed, at 384. 6d.;
60ib., 375. Holders are firmer than last week, owing to the
advises from England being rather more encouraging. Ex-
portation during last month: Wheat, 268 lasts for London;
786 sundry British porta ; 25 Liverpool; 350 Holland: total,
1,447. Peas, 53 lasts sundry British ports; 64 Liverpool;
14 London; 3 Hull: total, 134.

HOPS.—LEWES, May 9.—The fine weather in-
duces some holders of Hops to realise, and, where sales are
forced, for low and middling qualities, less money must be
taken, whilst fine samples fully support late rates.
MLIDSTONE, May 11.—The bine has made a good start
during the past week, but not to the extent that we have
seen in some years with such warm and favourable weather.
Many grounds are now in readiness to pot the blues to the
poles; the tyen are in full employment, attending both early
and late to keep a head of their work. The poling is draw-
ing to a close ; some,however, still remains to be done among
the late and dilatory. The sudden change of very
dry warm weather, following immediately upon the
long-continued wet, has rendered the ground tough, crusty,
and unkindly, and has considerably increased the labour in
the latter poling, from the difficulty of pitching the holes for
the reception of the poles ; and, from the same cause, but
little culture has been done in the hop grounds at present,
leaving the weeds to grow apace, till a shower shall enable
the hoes to work with better effect. Last year many pr-
dens were cultivated, and put into excellent order previous
to the tying, with very good results.—There are, as usual,
complaints of the flea from various quarters, and from some
to a serious extent, but we trust, with such weather as we
now enjoy, the bine will soon gain the mastery. The very
beautiful weather we have had for some days past has made
a material alteration for the better in nearly all our crops.