The Express.
London, England, 1850-12-18 00:00:00

CUMMRRCIAL INTELLIGENCE.

Nsw Yoma, Die 3 6 rN.

The President's Kemp, which ma; published in Wel
morning's papers, amen to have given universal satiate&
tion. It is evident, from the message and accompanying
documents, that the country was never is • more flourls►tag
cionditioa. Tae receipts into the
ending June 30. h, 1850, were 47,421,744,90 doh., whilst the
expenditures during the same period were only 43,002,168
Cols. 90c.; le.viap • balance in the treasury of 4,419,580
dole. The public debt hoe been reduced, during the tame
period, 495,276 dole. The amount required to suet the
expenditure fur the fiscal year ending 30th Jane, 1852,
ie estimated by the S. y of the Treasury at
48,124,993 dole. It is thouglit by some, that these
large appropriations, with extraneous payments, aed the
fact that the passage of the Military Bounty Land Balls
will, for many years, prevent the public lude irum being,
u heretofore, • source of eeeee us, may render a farther loan
•us wary, but not for env present wants, as the amount now
in the different depositories, subject to the draft of the
United State* treasurer, is 11,936,012 dole. The President,
however,

ihat 'the *demands seeming withisi

the two next fiscal years upon the treasury, be met,
if practicable, without resorting to new loans. Bence the
departure of the last steamer stocks have been unusually
active for the season of the year, and prices ip -rtieularly or
the non-dividend paying stocks) have advanced materially.
Sate stocks firm, and in request, with hut few offering. The
Stocks of the principal railroads have been in active demand,
and large rake of ins stocks and bonds have been made to
foreigners. Government securities have not varied much
since our last report. The fact is, that the high rates now
demanded cause capitalists to seek for sale investments
which prey a higher rate of interest. Foreign exchange has
beta In request, and rates have rather unexpectedly ad-
vanced. The supply of bills on the continent is limited, the
recent discouraging accounts for American securities, is
Hamburg particularly, preventing their use as remittances.
We quote London, 1094 to 110; Peri., 620 to 6.174
Amsterdam, 40/ to 414; Hamburg, 364 to 364; Bre-
mai, 794.

(From Talcott sad Brother's Circular.)
Oar last respects were per .Cambria, 25th ult. On the
Nltts the sales amounted to 900 bales, about one half for home
we, without change in price. On the 27th 830, chiefly for
export to France end continental ports. Oa the 21tb,
Liverpool advice, of the 15th. per Europa, were received
by telegraph from Halite', and being very unfavourably
construed, caused a decline of e., at which 1,000 bales
were sold. Toe alarm here was caused chiefly by
the rlitical aspect of affairs on the continent. On the
29th, awaiting their letters, havers generally withdrew,
end only 300 bales were sold, incluning come parcels at •
further reduction of le. Oa the 30th the letters were re.
calved, and their tenor twine more favourable than the tele-
graphic advice', 850 bales ware sold at slightly improved
geiore. Oaths 2nd 111011 Int the sales amounted to 1,200 bales,
relieving the market of "pressing parcels," and today
holders have demanded and obtained in toe sales efftcti d,
800 bales, is advance. Our quotations are reduced fully
to le. on Uplands, and 1 to 4c. on Gulf cottons, compared
with those last advised, and the decline has bun stayed
only by the telegraphic reports of the advance in price in
the southern markets-4c. in Savannah and Coerleeton. and
to le. to New Orleans. 't " Ira the latter
port being quoted on the 29th ult. at 138 to 4,
with sales of 10,000 bale*. The receipts at the
pond are 48,979 hales lees then last tar; tote stocks in the
interior towns also show a d. ficiency of 7,600 bake, and the
stocks at the ports of 79,422 bales. The lightness of our
stuck causing all foreign orders ti pus by us, narrowing
down transactions to a mere local demand, account' lo a great
museum for the want at buoyancy here, and the fact that at
the quotations annexed shipments from southern ports
would loos 3 dole. to 5 dole. per bale.

Tu• Cater.—The admires received from reliable corre-
spondents authorlas as to sonfient in the most positive mannac
toe alginate advised per Asia, bth ult. The truth or emir&
eettinstee will this year be established at an exey date, for
the tine picking weather, finer than that of any previous &won
on record accept the last, hay enabled planters to secure
their mope very early, Main we have bee. advised feces many
sections that the p eking wield be finished by the Ist inst.
The high comparative prime ruling being alas satisfactory
to the planters, they have availed themselves of the navi-
gable condition of the Mississippi and its tributaries, and of
the increased railroad facilities in the Atlantic states to
market their crops. At mie point only, Mobile, have the
receipts been materially delayed by low water, and the
deficiency at this point consequently so 96,748 bales, as com-
pared with the same period lost year, against
an estimated increase of 60,000 for the meson. Any
variation from oar aggregate estimate for the United
fitates that may occur, will be a reduction ; and,
in refereace to the prevailing opinions on this side,
we maintain that there is less distrepaney than we have
ever before known at this period of the season—three-
fourths, et lout, adopting the estimate of 2,100,000 bales.
But on the question of price, the views of op wore are u
wide apart as ever ; those interested maintaining, in accord-
ance with the adduced opinions during the summer and
alatems, from well informed parties at Liverpool and Man-
chester, that, with • crop not exceeding that of the put
mama, middling "Orleans would rule at 91., or over,
while those who ate watching an opportunity to renew their
interests, maintain that consumption Du b xn, the pest
season, reduced by high prices io the ratio of the supply 11.1
afforded by a crop of 2,100,W, and that " middling" will
rule at or undr 7d. ; rata lacer, however, is not • tined, bat
• nominal opinion.

FLOOR AND °atilt.
(From Edward Bill's Circular.)
Daring the fortnight sines the date of my drunks per
Africa, the operations in flour and wheat have been some-
what arrive, with little or ao change in price. The decline
in freights has increased the inquiry for export (which le
Welly cozened Ft Canadian) and Wes to some extent have
been etfecud at 4 dole. 62i0. to 4 dela 76e. per barrel for
floor, and 105 c. to 1064 e. per bushel for wheat in hoed. As
the season of canal navigation is within a week or tab days
of its close, the feet of • moderate winter stock of flour
becomes more e. rtain, and holuers ate less 'lisped to sell
at present rater. From hloatreal the toper" to England by
ma to the 16th November this year, has been 114,0171
barrels flour, and 64,063 bushels wheat. To the eke*
of navigation in the year 1849, it was 176,988
barrels flour, and 48,372 bushels wheat. In 1848 it was
163,597 belt flour, and 1.9,675 bushels wheat. In 1847 it was
271,659 barrels flour, and 660.868 bushels wheat. A eon,
'adorable portion of this Vide is now finding its way to this
ley, and a large increase is anticioated for the nut season.
The expert. to Groat Britain and Ireland from tide Fog for
the foresight ending oo the 30th November, were 42.712
barrels flour, and 91,175 bushels wheat (26,000 bookish
whim eorn his proem of skiipmeat, but eat yet cleared)
k;suroare.—Trie rates are a trifle Iowa:, with 40.„11•40,"
asala to mine extent for Liverpool at 1044. to per Dona
gout, rising at the latter rats, and 4d, pet WWI as wine,.
Ftpus --The arrivals of the week past have bees heavy,
but with an agtivie home trade, and name speeteladwe and
import laqulry, the mutat closes firm at my soysticeo,
swam mad weight Eats brads ..Wog it OR doh. to