The Express.
London, England, 1858-12-27 00:00:00

AMERICAN COMMERCIAL INTELLIGENCE.

(Pm Os N.,. leek Theo el the 14th.)

111 W YOWL, MONDAT, 1:64. 13.
TM Asia avenge' of the banks hi the City of Now
York be dr nook put, dlag Beistrilay, Dec. 11, goviont,
in the eggrogate. the following themes from the previous
weekly sedmont of Deoter 4: Increase in Ism,
181,806 dais. ; dierease in spece, 212,206 dole. ; decrease in
cirenhation„ 88,361 dole. ; increase in gran &poi* 18,20 S
dole.; decrease in =drams &omits, 669,207 dole. The
bank averages ahoy • very steady movement. The spode
lino, of Ws, seems almost self-adjuating. As the city is
drams upon from the south, and to • partial extent
for import, the gold comes in from California and the
boozing cities. The average has not varied half •
for Ave. or four weeks past. The discount lino goes tap
vay slowly, although the disposition is free with
roneo tho large banks to add to filioir Has on

emshort hair or demand loan. The marlst
inciney to-day is very quiet, pertimbely sang
the stockbrokers, who an light borrowers. They are
awed deposits, th some lasembeer, oe flret-elass collators/ se
iser as 3qr cent. The ocatinued ems la the rates %ems
esesaeaYis bills is Will remarked, both at beak sad the
illesteat Makin. Exchange for the Baba straw is held
he at manses of to on last week's enevemoy ; Loadon,
12.6.111014, end Marie, St 171 to 6L 13g. Tina hr the
is light, and the extreme rates scarcely established.
The remittances in gold, put op for the south at the does of
last wesk wise out to-day in the steamship °Maybe. The
aisa rsperged fs 760,000 dole. The sab-besemy received
to-day 168,961 &de. ; paid out 233,394 dole. • Wean this
afternoon, 6,380,600 dots. The New Oviesse issik susemss
of Saturday week shows 14,951,536 dots.—a farther increase
of 625,722 dole.

BiIILADOTOPTIL—The market for State and Western flour
I. cruet, but prices are nominally unchanged. The sake sre
6,800 barrels, at 4 dole. 25c. to 4 dole. 600. for trowtos
State, 4 dole. 90c. to 6 dole. for extra State, 4 dole 30c. to
4 doh. 65c. for enpwfine Michigan, Indiana, Ohio, lowa,
; and 4 dole. 90c. to 8 dole. 20e. for extra ditto, including
shipping brands of extra round hoop Ohio, at 6 dole. 300. to
6 doh. 600. Southern dour is quiet, with sales of 1700 bar-
rels at 6 dole. to 6 doh. 250. for mixed to extra breads of
&Hinton ; 6 dole. to 8 doh. 60c. for good to extra Brandy-
wine, 6 dole. 76c. to 6 dole. 90z. for Georgetown, 6 doh. 76e_ .
to 7 dole. 600. for Petersburg City, 6 dole. 76e. to 8 this. /or
Richmond City 8 dole. 50c. to 8 doh. 760. for Osilsge end
Rags& Canadian flour is dull, with Was of 360 barrels at
6 dole. 10c. to 6 dole. 25c. for the range of airs breads. Rya
flour is dull and unchanged, with small asks at 3 doles 300. to
4 dole. 10c. for the range of fine and saprlaa, Corn meal
is quiet. We quote Jersey at 3 doll. 60a brandywine at
4 doll. 160. ; sad pantheons, 19 dole to 19 dole. 60c.
Wel tot ill very quiet, but there is no impartent change in
the market, and we have only to notice isles of 800 bushels
red Southern at 1 dol. So. to 1 del. 150. Rye la firm and in
amend at 780. for North River.

Boats: at doll .t 70e. to Mc. for State ad Canadfati.
°All OM heavy, sad our outdid* quotatiooe in difficult to
realm. We quota the market at 45e. to 480. for Jeremy, De-
laware, sad Penneylrani& ; 49c. to 624. tor Mote; 6lc. to
66e. kr Weslaco • sod 630. to 660. for Comdata.
. .

Coati le heaviand lower, closing In favour of the buyer,
gi kr new corn. The ••11111 aanl9,ooo bushels at
nv(or mixed Western; 72c. for new white South-
ern; 77e. to 78c. for new yellow Southern and Jersey, sad
86e. to 86c. for old yellow Southern.
CorroN.—The following is the ootton circular
" New York. Tuesday, Dee. 14.
" Our last circular was dated the 7th inst., since which
the City of Washington and Persia have arrind, the latter
with dates to 27th November. The Liverpool cotton market
for the week had declined 1-10 d. to ed. per lb., closing with
heaviness at 7d. per lb. for middling Orleans, and bid. for
Mobile and Uplands. The mire amounted to 40,000 hake.
la Manchester trade wee prosperous and active. The mar-
ket here I. sustained by the action of our domestic maniac-
Were, who, being now under full and profitable employment,
purchase freely at current rates. Exporters are quiet, and
show man than en ordinary degree of nation. Our stook
et cotton is light, and holders are firm. The sales shin 7th
test. are estimated at 8,000 bales, doing at the quotations of
lest week. The clearances for earn time hen been 666 bales
foe Gottenburg. Cotton in tranaftu The Weirton continues
limited and unsatisfactory. Price are without champ. Good
ordinary Orleans, with id. freight, have been sold at 10fc.
The rim during the week do not exceed 2,000 bales.
elouthsrn masts are firm, with an upward tendency in
saah. The Insinem is large, end greet scandium appears to
Mvala the maistananes of prices, in spite of dull accounts
Liesrpost. The great abundance of money at the
South =shies foster., planters, and speculators to hold may,
end are upheld in consequence. Crop opinions is
:and New Orleans, where 1,400,000 to 3,600,000
bales is wad upon in filling orders, have some U 111641100 in
supporting the prevailing currency. By telegraph we learn
theism the 11th Inst., at New Orleans, wee 110.,
End M Mobile 111 c. per lb."

THE RIGHT OP SEARCH* dr 814.—LORD
MALLKISBURY AMI Hit. DALLAS.

(Fr•• the Now York Horrid.)

Two emits have weaned to confirm in a remark-
obis maim the opinion vs No remointely maintained a Mir
months Inca, that the British government had not given up
tho exercise of the right of searching Amerman vemels upon
the Gem._

Tit; rei:ders of the Herald will remember bow teacionaly
we defended our views, sod bow clearly we exposed the
fallacy of the contrary sestrtion, with arreiteata drawn from
the guarded declarations and emulous admissions of the
Braila Madman in parliament, and logleal deductions from
the past history of the British government and its policy.
To-day we publish another mama the official cor-
rerpoadenos apes which the shamed that the
riga; of search quesUon had ban settled was Mended,
in which it will be men that laglead, instead of
absadoning bar old claim, hes taken rainy a more insolent
patios that she afore held. Not bang able to controvert
the weight of aatherity that was brought assist her, she
acknowledges that the letter of the law dose not give her
the right she claim*, and now demands that the law of a-
eons shall be cheesed to this watt, so that it may suit her
whims. As if to confirm her determination to continue the
praotios of the right of search come the eases of the Ame-
ricas steamers Washington and Colludes Maria, boarded
by bar officers in • astral port, and In eight of several Ara-
nem rare-of-war, sad • itill report of their proceedings
dememded.
It will be sent from the letter of Mr. Dallas, in another on. I
Issas, that oa the of toe Bth of last he despaired
of brassie( Lord M to the ommeeston of • single
peat, what sedienty he wee called off to meet
that geatanas ; sad when be resumes the writing of
his letter, he tells Oral Cass that something within the
last twelve boars had cempletely &mega his lordship's
views. The sateequent development' abeflt how completely
Mr. Dallas was lumbar/ed. la the memorandum of the
coaversation of the day with the American minister, Lord
Maliarebery admits that the highest English authonties on
1111111130 a• law were wait his taiga and that France, who
was is close Mama withliagLead, would not submit to them.
H. Mlle him that by an arrangement with that Power en
Kalish boat might be seat alospide of a French ship and
ask SO sea her papal, bat not, alas invited, board the
vessel. On the Mb of June, Lord blalroashaty elaborates in
• despatch to Lord Napier his new packet toward
the United States. lie begins with the Name sd-
missions, that the law wee ageism ha, with
which he had humbugged Mr. Dallas_ teat be

sewerthe champtonemp of civilisation, end asserts the
ammeity of • police of the high sass to pet down Amebae
meals; sad impudently add. that the way thins are now
ries cm every lamest tredrr will secs fy from the American
oag upon the ocean •• from • pirate. This socemity of a
" police of the high sem " be coaled* by ea Jamming tuts of
a partial estrum from Gee.om Con's letter of the 10th of
April Met, and • whams proving that an Amerissa astral
other had essreised the right of smelt on two Preach vet-
sets. We hare keg ago stated oar belief last it area os
this slip of trowel Cam that Lord ISeisseebary haag ids
mamma commune, sad the fact le now proved. As lee
the maple Mud, of the commeader of the United &Mee
ship Ade, it may proves how hide some of oar owe siva'
to how of their deem and their retakes to the mar.
cheat service, and shows the seessatry of vestileiting
=the question of the right oftisit sad sum* by
az on the mean.
Lord Idalmeebery also gives, as isissisrly egairet him-
self, the view taken by the Frame Atinikal Idestatetia,
stating expressly, however, that the Schuh goverment does
mot *Dowd la it. The Frvuch admiral may eklese arm •
mwelant easel shall be obliged to show km colours to •
wee-of-war at era, but without beam Mewl er wed eta
of her course, sakes them ie just mewl fir welgistee. This,
however. Y a prectical Edmiston of the seasseity of • palm
cm the high seas. It is is practice the European grease of
making a ram show his passport whenever as °Moir do,
meads It. A passport b the evidence of a man'. identity
sad nationality, em •10 Vs colours are of hrs. Their forced
exhibition as the high eau during a the of
pros Is en sodas mercies of authority, end an
Improper tall for respect to authorities. It I. the ertotion
of Geeler's pole and hat upon the ocean for the citizens of
row, nation to bow before. Such • practice accords well
enough with the theories of "the empire," which demand
that every mimes psteea shall =COW? 'before an official, but
it will not set vial ems the stomach of the free citizens of
the United Stahl&
Bat the last two paragraph of Lord Maltaesburra letter
le Lord Napier are the mem remarkable of all. They con.
say es dialect • threat se ever woe conveyed In diplomatic
Wis as that we mast mimic the establish.
Lire Tab maim et the use, to "three irritating metro-
vanes me harrieelle el keg es the /sear of the lemmatises'
law Y made is eon-ride thins memares which " British
imperimes and errommes "recommend for the seenrity
of MA and verity on the high sew," bat which neither
the Mabel S ewe Treace have ever empueicied le. Row
Ms. Dollen or Om easel Come, or say other seen
021111111011 essas, maid emotive that tide brassil=
)Islasssbary wee •• satialsotory —'mast ef the right el
sem* we mmacit usderetand.
The peddle of our government is directly entagonletk
is in Wits points ; sad that prehloa k ebeerlyAseeri
_laid down im
Oa Car's letter of the 30th of Jam. The cee
Mee M there est twat, that the occeakmal ahem of • flag Y,
•kr fees evil thee the eststoodinient et Begland's pewee.
leas would be, and then the freedom of ell imercheat verde