The Express.
London, England, 1849-07-31 00:00:00

[THREEPENCE.

The affa;rs of the B.nares Bank are in an unhappy
state, owing to alleged gross misconduct on the p,rt
of the director., the greater part of whom, it is stet t',
belong to the army. It is asserted that the directors
purchased their rock with money borrowed from the
bank, and that they held their places by the vo es of
parties who 114 not paid op their shares, and
who had paid their first instalments by loans
from the bank at 12 per cent. interest. When Bowles
Bank Stock was evillest in the market at from 30 to
3(1 per c. nt. discount, these same directors purchase d
in that stock of their friends at par, and cancelled the
share..; another version says they purchased them at
the market price, and sold them to the bank at par,
but this requires confirmation, and it is to be hoped it
will prove to be an exaggeration. Tht yat the outset
invested a large portion of the original °IOW in the
Ganges Steam Navigation Company, which was a
ruiroosly losing concern, where the fund' were
locked up. Thew matte's are being investigated ;
and as we may have further par•icalars by the next
mail, we sneperd our judgment for the present.
From Bombay the advicea are to the 23th June.
The comme Cal intelliger ce is mere favourable than.
is gen-rally leoked for at the commencement of tree
Mons em. A copious report of the market was given
in this morning's impression, to which we refer oar
leaden,. From private letters we extract the follow-
ing :—Saffron, after having advanced to 121 re. per lb.,
had again receded to former quotations. Cochineal
bad declined a trifle sit ce the closing of the
perm', and 21 is. was submitted to for 3,000:b5.
The stock w,s computed at 30,000das. A good demand
exited fo' fine woollens, and flannels arc much
wanted. The demand for cotton for shipment to
China and E^glard had caused an advance of 2 r-,. to
3rs. sines: the beginning of the month, owing, as 'to-
mtit. China, to toe low rates of trciAt. This, how-
ever, had suleided during the last f..m• or five d.ye,
and the market was again dull. The English and
China mreht were hourly expected.
The achieve from Alexandria of the 18th report
the merlo t with( ut any change, owing to the con-
tinued scarcity of tonnage.
The arivicre received this morning from America
by the Canada mail steamer are nut of much inte.est
to the general el mewl cial reader.
T:ca Batik of Commerce, it is understood, will cense
to issue bills b fore the new law respt ctireg banking,
making all stockholders liable to hillholders, comes
into op. ration.
The Ohio tax, for state purposes, interest on public
debt, &c., is 3 mills on the dollar of valuation.

On ti e ..m,ltority of the New l'ork Courier, it was
eenerally reported that Mr. Bates, of the firm of
Miami. II Brothers, and Co., bt fore his eepv-
ture from the United States, invested about 1,000,00
dollars in United States Sixes.

Tee general position of the money market at Bos-
ton ountinued withcut any thing.., and the banks
were freely taking the usual kind of poker, about
which they felt tie hesitation, at 6to 8 per cent The
balance of cash was no longer in favour of New Yu k.
From New °titan., under date the 6.h July. we
learn that the mat kets generally had presented e very
qui. t :Tie:armee during the previous week. The
advicts from Europe, per Hibernia, were re eiesd
there on the 3td, but produced no alteration in
cotton, in consequence of the stock of that art.: le
remaining on sale bring so limited as to render 'he
market altogett.er independent of foreign ade <tee ;
paces were gradually on the advance. The nett ket
was likewise strengthened by the unprom;s-ng ap-
pearance of the growing crop. ltain had ttillen
almost deity of late, and the temperature vat • try
pleasant. The river etereinued to roe de, and was,
at latiet accounts, 2 feet 6 inches below Itic,ll-eater
i mark.
The total stock of cotton on hand and on shipboard
(not cleared) was only 35,052 bales. With relit. t
to the pro,pects of the market, the New Orient's Bee
of the 7th July has the following :
Ws stated in our report of Friday mening but the' the
rotten market had dosed firmly of sr, advance of I e., and
that the tendency of prices was still upward. Mime teen the
d. maid has progressed in a veer maim it. d mama r, and t`.,•
transactions in view of the small amour...remaining on ,el:
have ben quite ex'. naive. The sales on Saluda, re .ened
2,500 'emits ; Monday, 2,000 ; Tuesday, 3,000 ; Wedn b' ay
was a hmiday ; Thursday, 2,800 ; end 1,206 to-iley, making
the total business of the weea 11,000 bah.. This continued
m vement has resulted in a further advance of Ito I c . and
the tendency iit still towards a further iespr.vement. Tne
H bee. La's ads ices s port no change he the Lie. reed
mark. t. and we aro now in momentary .-ape c.ation of
ma ivieg the Canada's account up to the 23rd ult. The
few entire tenni, b g on the mark t are very diffi-
cult ut i xecute.i. larder existing circuutstnacts; .nd
in order to melee up a shipment of a certain quality, pur-
chasers tee compelled to buy double the quantity, and sell
out the remainder. This amounts for the cumparein'y
herds business &ling, Lad which otherwise could n t be
attained
The intelligence from Hayti reaches to the 28th
June, and is the following :
Peek' e comes in but elowlv, the c Ike crop being alineet
at an end. A new edition of the monopnly law has beets
published, by which the gevernme tat ',sited the peke of
coffee to the merchants from 27 dole. te 29 d Is. per 1001 b.
and cotton from 28 dole. to 30 dole, per 100 lb., wi bout
making any alteration in the Witt' fixing the prices, for ate
of tho zooropolis, 1 aside of for, ign mereben ic. The
trade of the blend was almost destroyed, °wine to the vexa-
tious reetrictioes imposed on it by the government.
Our reports cf the Ifevannah market are to the
6th. The prices for sugar had experienced a further
advance, and the quantity in the Wand avails-lee for
.h:pm-nt was insignifimnt. The exports to the
United States this year had fallen off cunsiderab y,
and were only 80,000 boxes against 202,000 for the
steer• period in 1817, and 229,000 boxes for the year
1819, of which the greaser part was shiptei before
tht !all. The quo'utions were, whites, 1011; reale;
choice, 12 teals; yellows, et to 61. Americas re.st le
fir corn at.d a mat ket had been taken up at 2/. 6.. to
21. 7.. ful.; English ditto, 31. The exchange on Eng-
lard, 10 par cent. premium. The quarantine ri glee-
tient% continued in force.
At a meeting of the Australian Mining Company,
held to-day, a more satitlac-ory report of the pr sent
state an.l tuttre pro spy eta of ihe company's efilars
was laid before the shareholders, and unanimously
pissed. The Tungkc lo mines have proved very pro-
ductive, end large blocks of the ore are exp. eta
home. Finally, a call of 11. per share was Ruth°. istel.
Tic mining market, during the week, has not pre-
sented at ythin4 approaching to activity; will, on the
aggregate, a fair proportion of business may be con-
steered dune. The reports from the min, s speak
favoutably or the improved aspect of the mines and
mining interest generally. They are thus detailed in
the Mining Journal:—
The Devon Great Camels is represented to maintain her
geeeral character of looking well. Transactions in • few abereg
have been done this week. After payment of the dividend
of 61. per share, declared on the 18th, and announced in our
last, journal, there remained in hand • balance of 18,3941 19a.,
eon si s tile of Exchequer Bills, bills for ores sold, and cult at
the hanker's.
West Providence meeting declared • dividend of 21. per
256th share; the mine is reported to be looking remark .bly
well.
East Wheal Rose is represented to have much improve! of
late, and to continue in a progressing position. South ll ~bet
is else stetted to be lookiog remarkably well ; buy en vie to
be found in both mines.
Bedford United shares have been rather in request during
the week. The sale of 115 tons of copper ore last week cave
a profit of about 400/. for the month of June. E.st and
South TAM at arc represented to have improved, and business
dote in loth mines.
A greet many share in Treleigh Consols have changed
bands, and buyers arc still to be found. Inquiries are b deg
wade fur Trelawny, Tincroft, Tamar Consols, and Mendip
Hills.
At Tregorden Silver Lead Mine, near Wadebridge, a very
important diem-very hiss been made. It appears the workings
have for some time been on the east wall of the lode; nail,
in driving • cross cut west, a course of ore has been cut
worth 151 per fm.
Shares in the following mines have changed hand., this
week :—Devon Great Consols. East Wheal Rose, Beni rd
United, South Basset, South Frances, East Tamar, Treleigh
Come's, Trelawny, South Tamar, Tincroft, Tamar Cone le,
Brewer, Treelike, and Barrier, Lewis, Wellington, E ,sir
Lli,lnerodefoet, Cwm Ms, Alfred Consols, Mendip Hills,
Tregorden, Condurrew, &c.
In foreign mines, the principal business appears to have
been in St. John del Rey, United Mexican, GuselaleanaL
Asturi n, Copsapo, and Australian, althougheebe whole
trarsacted may be considered of rather a limitedaerawer. - • .•
The adjourned melting of the East and Meth lames
mines was held at ere offices on Thunday, 11011htt it erse
found that all the calls had been paid for the TO AS-
which the meeting was adjourned to that del. A; a 4. •
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