The Express.
London, England, 1859-11-07 00:00:00

NEW DISCOVERY la MEDICAL SCIENCE.
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br. Inns's TISSTILL—The following aro
ming thoos A* howsunol disable wlti Dear pre-
;7Bl duilliAlt=toswlsk, Ldy Paamaer H 4 Knox,G'
Colonel Foley. Lade Mints, Baron Owens,
Oionin Sir W. dnennesber, 84P. Hoe, Mr. end Mrs.
Has. Sotnurrt, Mr. &AWL Captain Parke,
Lard Copt. Calton. Sit W. De Bathe, Mr. Horace
Monde. Major Lyon., Earl of Munettr, Hon. W. F.
Campbell. Mr. Roberta, Ldp Jentiee, Sir Ralph sad Ldp
Howard, Ceps. Bawd. H,. Haqiners, Mr. T. Boring, Lord
Vane Tesegeme. Hon. Mr. Toler, Colonel Charlton, Mn.. T.
Sear, Colenerl F. Seymour, Sir B. T. Phillips Colonel
T Admiral e..urtney, Hun. Mr. Blyilee, Mr.
Clidineel,, questa &what, to.

STINCIAL RZLIGIOUs SERVICEs AT ST. IAIITB4-
NALL-4U Greta religious moires for the working theme,
weadothed by Nomereatrinist minimare, were hammed lest
menthe at the above hall, when tie Rev. William Brock
meethed en admirable sad Furtado' etymon from
the Tint lOUs the Philippians, let chap., 18th
verse. The patlesem, is the course of his
Wroth whili b.bd as hour, and was hooted to
with deep ithereet throughout, tampered his gnat soh-
teeth* at the rsathiptioa of three strokes, and trusted that
those of the Netabilthed Church would slimily be recom-
menced at Easter-hell. The spacious ball wee crowded hi
every pert ; there sneered, however, but a small proportion
of that dem prams for which thou service.' are especially
ellselgned. Tke present eerie. of service* will routinize until
Mistime. No.. Suede, mains tha Rev. J. Spence will

TAM NEW REFORM BILL—At a meeting of the
Leiit Chamber of Comearree held on Tusodtg, It woo
usaalmotioly revived to m. months, government that M the
New Retwia Bill provialon ohould be made to bare a manner
of parliament to represent Leith, uncenorcted with Porto-
Yak and Mugabe:et ; and that • cop, of the 1130WOrki to
dile elect should be forwarded to ths Pins Lsrd of the
Treseury, Lord Joha limed:, sad the Lord Advocate.

BRITISTI COLIJIIIITS.—A requisition is in nouns
et signature, silliest the Lord Mayor to call • mewing in the
City to consider the best measures to be adopted for the pro-
pos support of the c March Mission to British Coluinbia.
Tbs lliabop's farewell service io to he held at St. James's
Mara, Piccadilly, us Wednesday morning, the IGtb
es be sails for the some of his labouts tha following day,
promeding sot Puma.

Mew STREET, CONNECTING TUE EASTERN AND
WiteTelth DIXTRICTS.—The loes-coutemplated street fat
eseerctieg the ewers distticte of Ihe nbetropolls Vial the
west-mad ,elll sees be emsrmseetd. It area proposed as far
bask as the opieleg et di. Katharine*. Darks, hut from
some reuses time ace carried out. The 'radio has sham
isereeeed be wish es axone that the link Is much spewed,
maiden 6e. as to the date and wharves bavlog to pans
by the &callous route of the Mlnoriss and Festehartilt-
ranee. or -stress. The new it.. of street will pone
dined, war Toww-bill by Posters-row. which will I. rr
lamed, theme ekes the south side of Trialty-pears,
gess so the earthward of Allhallows Barbing Churchyard,
morose flettlaiest-leas, awl, diverelos tn the math, will saw
Tolbennrser, which inn be widen/AI oandsz inatebsep and
Cannos-siron.

THE GREAT TALLOW SPECULATION.

(Prow the Daily Aiwa )

In trade, the instances wherein the operations of
an individual or a knot of individuals challenge
animadversion are now rare, and are becoming
rarer. The spectacle of one dealer towering
defiantly above his fellows and extracting
wealth from them is no longer witnessed. Trade
pursues a more even course. Commercial men live
rather upon terms of harmonious interchange and
co-operation than of hostile rivalry. Bat now and
then the steady current of business is interfered with
by some exceptional obstacle. Of this character is
the present great tallow speculation. Let not the
uninitiated reader suppose that all branches of the
tallow trade are alike affected. Tee grand specula-
tion is confined to the article known as St. Peters-
biirg "Y. C." (yellow candle), " bricked," i. e.,
stamped tallow. Since the time of the South Bea
Bubble, and of the Dutch tulip speculation, there has
been no commodity in which gambling has
been so rife as this innocent article, Y. C. tallow.
Gambling in Console is quite distanced. You
may buy or sell Consols outright ; you may
bay or sell them with the option of taking
more or selling more during a period of a month or
longer, at • prim now fixed ; or you may purchase
the optic*. available fee. afiined peeled. at taking or
selling stock at the present or any other price, and
may involve yourself in a speculative network of so
intricate • character that, unless you have the
clearest head imaginable, you will not know how
you stand. But speculative transactions in Consols
are brought to a settlement each month, whereas
you may enter into " time bargains" in tallow for a !
whole twelvemonth forward. Then, more important
still, any amount of Consols is always procurable in the
market at a price. The aggregate of the stock
amounts to hundreds of millions, and a considerable
rise in price will always draw forth • supply. But
in the "Y.C." tallow market, upon more titan one
occasion, speculators have dexterously managed to
bay for delivery at a fixed future period a larger
quantity than is in existence, or than can possibly be
procured from the producing countries at the date
stipulated. Having, by the offer of a good price,
tempted speculative sellers, who deserve little pity, 1
into the snare, the operators for the rise bide their
time, knowing that their victims will be com-
pelled to come to them and give a still ,
higher price before the day of settlement ar-
rives. A few years ago • colossal operation ;
of this character was pertinaciously carried on, ,
chiefly in London, and the price of I.C. tallow was
run up temporarily to a preposterous point—in fact, ,
to a point at which the speculative holders were ,
satisfied to give their antagonists the means or
adjusting their contracts. Had the transaction ended
there, the successful party would of course have
realised • vast sum of money; but the aeljlement
over, and the consumption of tallow being greatly
checked by the exorbitant price, they found them-
selves left holders of a mass of tallow which the
market refused to take even at an immense reduction
in price. Thus the speculation collapsed, and the
prime movers in it, if report be true, were ultimately
heavy losers.
The movement which now excites so much atten-
tion is of • precisely similar character; but the prin-
cipal scene of operations has been St. Petersburg
instead of London. Hence the ruin of several greet
speculative sellers of tallow which was announced
from Russia upon the occasion of the important set-
tlement of tallow contracts on the 31st of August
last (12th of September, Russian style). The seso-
ciation who have " rigged " the market, however,
now find themselves saddled with an enormous quan-
tity of tallow, a large portion of which they boldly
avow their intention of holding entirely from con-
sumption, and warehousing in 8.. Petersburg until
next year. This is " forestalling and regrating" with
a vengeance I Nor do they reckon entirely without
their host, for they appear to have obtained peen-
niary facilities to a large amount, by pledging the
tallow purchased. By these means they may be
enabled to keep their stock without much inconve-
nience until next year. English manufacturers and
other large consumers, however, are looking keenly
to the probable upshot of this speculative conflict.
They see that the statistics of the article do not by
any means warrant the high price now asked. Toe
stock of tallow on hand here on Monday last
was 43,616 casks, whereas at the corresponding date
of last year it was only 14,439 casks ; in 1857,
22,310 casks ; and in 1856, 12,260 casks. The supply
being so much larger, the price ought to be lower
than is the previous years, instead of which the
holders ask
,101. a ton more than last year, and
31. or 41. a ton more than in the two
previous years. Consumers refuse to accede to their
exorbitant pretensions ; and the deliveries of Y. C.
tallow for consumption, which from the Ist of Jun.
to the 30th October, in the year 1886, were 36,779
casks; in 1837, 43,248 casks; and in 1838, 43,327
oaks, have fallen this year to 31,263 auks. The
rate of consumption, moreover, is constantly declin-
ing. All other kinds of tallow are more eagerly
sought after by consumers, as being relatively a
goad deal cheaper than the speculative article; and
many are so disgusted with toe monopolist combina-
tion that they have determined, as a matter of prin-
ciple, to use as little Y.C. tallow as possible. it is
almost certain that, in the end, the Russian specu-
lators will be defeated, for when they attempt
to sell the large quantity which they hold—
and they must cell it some time—the knowledge
of the extraordinary accumulation of the stock will
render the trade indisposed to buy, anises at a
tempting price. Meanwhile, out of evil comes good.
All other sorts of tallow and fatty articles obtain I
improved prices; and, what is still more important,
so great • stimulus is being given to the pro-
duction, saving, and importation of tallow
front sources hitherto comparatively unknown,
that it is by no means improbable that,
upon the collapse of the present speculation, the
consumer will obtain tallow and candles at unusually
low prices for • considerable period to come. The
scarcity of a commodity, caused by artificial means,
is sure to be followed by abundance, the result of
natural laws.

EXPLOSION AT THI SURAIT CONSUMERS' OAS
Wm/ rt.—Math alarm was occasi,ned in the locaily of
Rodierhiths-wall on Friday by a loud explosion. Upon in-
quiry ft was umlauted that • portion of the building bad
been blown op, and that two pour fellows were struck down
by the terrific force of the explosion. The "governors
room," se it Is termed, had within it • Lugs meter or gee ap-
paratus, and it is sappreed that a leakage had taken place,
and that a spark from the emitha' shop, which adjoine, had
Ignited the gas, and thus caused the explosion. The arena
after the explosion presented an sppearsnoe as if portions of
the buildings had been sad inlay swept away, the "governor's
room" being entirely destroyed and lying in a mass of ruin',
while the smiths' shop was partially unroofed, and the car-
penters' shop seriously damaged. To show the dreadful
form of the explosion it is only rosemary to state that the
walls of the "governor's room" were about 18 inches in
thickness, and the roof of the most solid deuriptims. Engines
promptly arrived, and were worked by a large bdy of fire-
men. Prom the official report of Mr. Hander nn it appears,
as above, that the netuvinsor's roan' was totally destroyed,
malls' shop partially onroo'ed, and carpenter: shop badly
damaged. From inquiries made at Gay's Hospital, who
the fainted men were conveyed, it wan sacertained that one
hod received • compound imitate of both thighs, and the
other a severe injury to the side. It la hared that the first-
named will not survive.

SHOCKING COLLIERY ACCIDENT AND LOSE OF
laves.—An accident ofa Mel sho, kis( clisrecter took plum
at the Fox Green Colliery, at Hanley, in the Staffirdshirs
Potteries, on Saturday afternoou Ise, by which ten Ism
mans toe sudden sad untimely end, sod four others were very
weriossly injured. It appeem that fourteen of tbe men em-
ployed at the pit la question were being drawn up the
shall, when, isateed et the engin: tender stopping the engine
en venal so noon as the skip arrived abovo the surface of the
ground, allowed it to go os, and skip and men were drawn
over the pulley at the top cf the frame-work over the pit;
the emisequesco woe, that the skip wse desired to piece',
sad the bodies, of the orator mists men crushed sod mingled
ware thrown about la all directions, sad some of them MI
down the pit, which is of gust depth. Ten of these weer
killed os the spot, and the other boor wore very earieeely
injored.=The aspinesnan is, we understead, to ovisody.