The Express.
London, England, 1857-11-09 00:00:00

EXPRESS FROM PARIS.

(110 X 01:1 OWN CORRLAPONDENT.)

PARIS, SC:4DAT EVENING.

The European commission 'Appointed to trace the
Turco-Russian frontier, opc'ted a new session at
Constantinople on October 30, for the purpose of
definitively settling several rectifications which have
been adopted in principle.
All the French papers announce that money is
now plentiful at St. Petersburg, at the rate of 3
per cent. It is idle to say that this statement must
be untrue, bee:x.o, it stands to reason that if
European bankers could get money at that rate,
they would not go on paying 7,8, and 9 per cent.
elsewhere. The paragraph is nothing more than a
paid advertisement, intended to puff the Russian
railways, the calls for which are now in course of
payment.
The Presse mays, in its weekly commercial review :
The unprecedented ly high tee of discount oont fnuee to exer-
cise a prejudicial influence upon all branches of trade ; by
restricting credit and forcing manufacturers end even many
retail dealers to sell at • law, and in many cases to make
great sacrifices in order to meet their engagements. But
there is the reason for hoping that the present difficulties
will be of short duration, viz., that them is nowhere any
great glut of uteri handiae. The facilities of transport, due
to the generalisation of railways, have brought manufacturers,
both metropolitan and provincial, into the habit of restricting
thew esaortiocunt within the limits of their immediate woes-
shied, and they renew them several limos in the course of a
year. In tins way they avoid hieing any very beat
amount of payments to meet at any one time. The peovia •
dal manufacturer. also have been prevented by the high
price of raw materials from forestalling their orders to any
great extent. For example, the manufacturers of Abatis
and Rouen only buy at Havre the quantity of raw cotton
strictly necessary to go on with. The quantity of cotton most
In use, which cost, a few years ego, 88fr. or 90fr. the bale,
is now quoted at 127 fr. It is found impossible to rain
the price of fianaet In proportion to tho cost of
the rsw material, and therefore production is
much restricted. The market. of Lyon., St. Etienne,
Roubaix, and Paris suffer more than any other from the
American milli', in consequence of the return of protested
Many houses are now, in consequence, selling silka at
a reduction of from 20 to 26 per cent. in order to get in money,
and this although the last silk harvest was very scanty.
Oil., sugars, cottons, wools, and many other sorts of mer-
chandise are again lower. Corn is falling, but flour is a tritle
.ter.

The octroi accounts of Besancon state that 21,292
hectolitres of wine of this year's vintage have en-
tered that town. In 1846, the quantity received wes
oaly 7,877 hectolitre'.

PARIS, BATVRDAT EVENING.
The means to bs taken by the Bank of France to
protect its bullion are still under discussion • but it
certain that something will be done very speedily,
and the great probability is that a duty will be de-
creed upon the exportation of gold and silver. It
has already been resolved to refuse at the Bank
counter all bills supposed to be connected with ope-
rations upon the exchanges. But the great capi-
talists may well laugh at any such inquisitorial ex-
pedient as this, and it is admitted to be altogether
inadequate to effect the desired purpose. The
Petrie sums up as follows the various measures
which have been proposed :-1. The progressive
elevation of the rate of discount, which it considers
would not suffice; 2. The restriction of the date of
bills to run, which has always caused a great
commercial convulsion ; 3. The forced currency
of bank-notes, a measure not to be thought
of, unless England should adopt it tint; 4. A high
Sut7 upon the exportation of the precious metals.
Thu last measure, the Patrie hints, will probably
be adopted. It is necessary, it says, at all events,
to act promptly ; for in the present state of the
American money market, " neither the united efforts
of the Banks of England and France, nor the
patriotism of the two governments, nor the mighty
power of their credit, can possibly stay the Miens-
title current which will speedily exhaust the specie
of both countries.'

The Bourse has been very calm with but slight
fluctuations, and little business doing. The attitude
of speculators is one of expectancy. The Rente closed
for account at yesterday's price, 67f. 6c., and rose 10e.
for cub, closing at 66f. 80c. ilobilier and railways
were a shade higher.

The Pays hail received from London the terrible
news that the Emperor of China officially declared
war against England on the 12th of September last.
It is confirmed that the Emperor has commuted
the sentence on Captain I)oineau.
The first despatch sent from Algiers to Paris by
the Mediterranean Submarine Telegraph was dated
Nov. 6, and announced that Marshal Randon, the
governor-general, had arrived that morning on board
the frigate Cacique.
M. Abbattucci, the Minister of Justice, is very
seriovsly ill. The l'lace Vendome has been thronged
to-day with the carriages of official personages call-
ing at his mansion to make inquit:es. s.