The Express.
London, England, 1857-12-19 00:00:00

THE ST-ITE OP I7tADE IN THE PROVINCES.

(Frew the NamJiMer Guardian d this day.)

:R, raIDAT EVENINO.

MARKET@ FOR MANOFACTOP23.—The arrivals of
sputa in Inedow tY sasorwast seder Mate of the mory
mart, sad the bulbar Ingram of izeprovemant in America,
soused with eliket amewbst favounble appearmaces,

hove given rise to some lhtte eitoriiire; to-da77—ndtOl
hope that we me net ter been the lower
,point of de-
poser& Pertl3 Meg there is • slight increase
et awe for &kip T oloths, long cloths,
heavy asoserte, in • laser degree, certain printing
sisal. Mesh the mar owl* mid of particular descrip-
tions of twist end were Nish. NI falai sloth. manufac-
tures may went I. reedier. But the elks for both the
gore • end the yarns ere lower than before, and in soy
ester sales, the prices ere lower. In het, we must say
that the whole tweiffeacy of Ur war le, tir to this time,
wee including te-tiey, a docketing one. TAW' whole e. the
week, the Imo fa this way, to producers, is marked.
Albeing for scene Increase of busintes to the articles
above referred to, it is more than counterbalanced by the
decrease in yarns and goods for Jodie, which are again
neglected. It is worth noting that, in the recant operations
for that quarter, there were contracts put down, the de-
liveries of which ere not to commence fora month or six
weeks, and then they are to go on through two and even
' three following months. Covering each sere by laying in
the raw materiel (+beam cotton or yarn), the faller doss
better for himself this he possibly mold have dome prior to
the present great collages of prom. This iedicates coming
lieverisent in the portico of =Wombats. the German. are
well quite oat of the market, incept for mere driblet.; nor do
Om aspect to resume bursae very mon in any fair degree. In
t• absence from the market, yarns murmurous depremed.
The tendency to improvement to London does not preclude
ea easmy consciousness that maims effect, from the crisis
ham yet to be felt (they cane by every mail) in thi. district,
la the different shapes of depniciated produce, sad lo remit-
tames of bad bills; and this cons-lourner is, es it ought to
be, a source of cauffoo. It is well that the stocks of oar
staples lying abroad, on Baglish account, and upon which
lane must be incurred, ere, on the whole light; and the
Ugliness of the supplies In most foreign =Acts, taken in
o .nneetion with the great diminution of production at hone,
cannot but modify considerably the depreciating hilluence of
present events. The societies of this trying time ere not
without important mitigation...—Food is very moderate In
price—how different from what was the to after the rail-
way end Indian panic of 1846-7! Most of our foreign err
to have had good crops. And the demand for our sta-
ple., whenever it revives, will wrist* not find heavy stocks
is the hands of "rimers sad reimafecturers.

(From the 6tefforilAire .ddvertiscr of this day.)
Somers STA erouu.ki EL—At present no mitigation of the
stare of depression overawed in the iron trade can be re-
ported. We alluded lest week to additioasl firma in
emitter, and their names are now freely mentioned. The fol.
Icrwhig ere the firma alluded to, and some whose inability to
meet their engagements ham slum tees node known
Meseta Parma and Headrick, iron suarchan,s Staf-
ferdshire Ina Wharf, Bilatou-road. Wolrerhaopton ;
Mr. T. H. Pemberton, Imatesater Deeptields ; Messrs.
Weight and North, Ireenessters, Montane/ Green, Wol-
verbenspare; Dr. Mend=, coalmaster, Wolverhampton;
Messrs. Bete and fica. of Lingewinford end Willenhall;
Moms. Haien' and Son, lean merchanta, Weetbroinwich ;
the Bradley 11811 Caemmy, Dilates; MOMS. Richards end
ace, Dailey Port; and Manes. Gregory, Span-lane. Other
Sum are mentioned, but In the themes of say authoritative
daemon proceeding from themselves the publication of their
fuses la undesirable. Doalidem some of the failure, are
*wag to merely temporary 05ml-dee, the resulted the oriole,
sad lo the soles of which have occurred, and it is
Impossible for so may Ice enceumb at owe without drawing
dm
there or involvieg in ditecultias Anne whom tnumem
liens have been perfectly legitimate. Orders are searee cos-
eminently few work. are to full operation. The number of
blast furnaces pat mat lance the nine oarnmeetai is stated at
17, and it le thoaght likely that the number will be still fur-
ther increased before Christina'. The proepoct st pretest
ihr the winter Is extremely gloomy.
(From the Lads Mcneury of this day.)
TILADI or LEEDS. —There have been sever,! &st-
elae' buyers in the town during the current west. But
their principal object agrees to have been to ob-
tain a knowledge of the Mate of affairs here.
Their purchases hare been very limited, and will
bear no companion with what has been meal at this
period of the pier. Although the torte of the trade la
generally exceedingly dull and languid, some slight improve-
ment may be observed. The ooetintad announcement of
failures and embarrassments. dames! firms that have held a

hl ''prltion, ancicerried Tataiiretan;lve tradauiineTitt:
bowing town and elsewhere, impairs and prevents the return
of fall confidence In commercial &dein. But as these arise
principally in consequence of enormous and luconsiderste
speculation', little sympathy is felt for the parties.:

BRITIBII AND FOREIGN SCllOOt. SOCTETT.—At
the =owl ssuattustion of @radials sad pupil teachers, just
tarrolasted, nearly 300 young persons, of both sexes, were
eladidstse either for sertiflostie of merit or foe Queen's
scholarships. Of this total 32 ere steady occopyfug sehools
of importance in various localities, whilo nearly 100 have
reosived appointments to schools la different peels et the
cwastry.

FOREIGN-OMM. Dec. 16.—The Queen hal been
*seed to approve of Dos Jana Pico y Villosaava as Costal I
sa Cardiff for boo Majesty Qualm of Spain. Dee. 17.—
TM Queen boa bees *NW to approve of Mr. Amid
Winter Eraser Coral at Pore Natal for bin Marary the
Inc
_et the Netbedaada ; Mr. Antonio Pisani es Camel
01Xaftete W Malady the Its of Hsabovar, sad of Mr.
labels Plana al Candi st Malta lee Dot Yew Horatio
Clap of Nemars.-6,eartar.

The funds retain a strong upward tendency. A
fresh rise of nearly 1 per cent. has been established
this morning. In every other department of the
Stock Exchange prices are also rapidly rising.
Console for the Bth of January were first marked
921 to 921, and are now quoted 021, "buyers," ex
div. The Three per Cents. have been dealt
in at 92} to 1 ; the New Three per Cents., 021 to
1; Bank Stock, 217; Exchequer Bills, at Is. dis. to
par; and India Bonds, at 255. die.
Turkish Six per Cents. have risen to 95 to 4. The
Guaranteed Four per Cents., as well as Spanish,
Russian, Venezuelan, Mexican, Buena Ayres, and
many other foreign stocks, are in demand and rising.
Sales are recorded as follows :—Brazilian Old Five
per Cents. at 97 ; Buenos Ayres Bonds, for account
(31st Dec.) at 98, and 93}; Granada Active Bonds
at 194 ; Mexican Bonds, for account, at 194 and 194 ;
Russian Five per Cents., at 1061; Spanish Old
Three per Cents., for account, at 411; ditto, New
Deferred Three per Cents., at 251; the Pas-
sive Bonds, at 51 to 51; the Coupon
Certificates, at 41; Turkish Six per Cents.,
for account (31st of December), at 941,
951, and 941; ditto Guaranteed Four per Cents., for
account, at' 100} to 1001; Venezuela Active Bonds,
at 311 ; ditto Deferred, at 13.
At the Bank of England yesterday the demand was
again only moderate, whilst large sums fall due there
from day to day. In tho open market the signs of
returning case are unmistakeable. Good bills are
currently discounted at 91 per cent. ; choice paper is
done at 91 and 9 per cent. ; and, in exceptional cases,
transactions take place as low as 81 per cent. We
know of one instance in which two-months' bills
were done by a bank at 81, and of another in which
a large firm have discounted their customers' bills at
8 per cent. The latter are, of course, exceptional
rates, but we quote them because they denote the
tendency of the market. A reduction in the Bank
rate is evidently at hand.
A very large amount of money is seeking employ-
ment in the Stock Exchange in loans on govern-
ment securities, but the highest rates obtainable are
5 to 8 per cent. for short periods.
The amount of bar gold and foreign coin purchased
by the Bank yesterday was 120,000!. In addition,
about 160,000 sovereigns ex the Atlantic, from New
York, are understood to have been sent in. Conse-
quently, since the date of the Bank return pub-
lished last evening, the Bank have bought about
350,0001. in gold. The American advises indicate
the probability of a continuance of large remittances
of epode to this country.

It appears that the reduction in the terms of the
Bank of Franco is to auuiform rate of 6 per cent.
for bills of all dates. The rates previously rn force
were 6,7, and 8 per cent. respectively for bills of
one, two, and three months. . .

Nearly all the other continental stock markets,
including Vienna, Amsterdam, and Frankfort, have
improved.
French advices mention that 180,0001. in specie,
destined for the Bank of France, has just reached
Marseilles from the Levant, besides a large sum for
England.
The Parana has arrived at Southampton from the
West Indies, Isthmus, &c., with 117,2001. in specie,
of which 92,0001. is described as gold, and the rest
is silver.

The steamer Nemesis has brought 11,3391. in
specie from Alexandria.
The exact amount of specie and bullion shipped on
board the Pen, which will leave Southampton
he Alexandria to-morrow, is 367,2771., of which
16,4941. consists of gold and 340,7831. of silver. Of
the latter, about a quarter of a million is understood
to be shipped for account of the East India Com-
pany, making • total of about one million in silver
remitted by them at the rate of a quarter of a mil-
lion by each fortnightly packet. The details of the
shipments by the Pent are as follows, via. :—For
Aden, 1,0001. in gold; for Ceylon, 7001. in gold; for
Bombay, 123,0371., of which 6,6751. is gold ; for
Madras, 8,8161. in gold ; for Calcutta, 198,1491., of
which 3031. is gold ; for Penang, 2,624/. ; for Sin-
gapore, 12,3301.; for Hong Kong, 6,7701.; and for
Shanghai, 1,8101.
The subjoined exhibits the aggregate shipments
by each of the last six steamers:
Oct. 4, per Colombo
OM. 20, per Indus
Nov. 4, per Ripon
N0v.20, per Name& 318,787
Dec. 4, per lades

•
Dee. 20, per Pent 357,277
On 'Change yesterday little business: was done in
billion the Continent,owing to the difficulty of placing
any bat them of bankers, and of the very hest houses.
The rates were again rather lower for paper on Hol-
land, Antwerp, and Hamburg, and for short bills on
Paris. A decline from the extraordinarily high
quotations recently current was looked for as soon as
the rates of discount began to decline here. This de-
cline in the value of money has already taken place
to some extent in the open market, although not yet
at the Bank of England ; and the exchanges imme-
diately respond. Annexed is our usual bat of the
rates nominally current :
Amsterdam, three months, 12.11.1t0 2
to do.. short,
1116 to 18; Rotterdam, three mont 12.11 2; Ant-
werp, three months, 26.65 to 75; Hato erg, three months,
13.12 to 13 ; Perin short, 26.30 to 40 ; ditto, three months.
16.76 to 90; Frenifort-on-the-Maise, three months, 124

to ; Petereberg, thaw swatbs, Mt 34 ;
math; 11.10 to 18 ; Moab, them roontba, 11.10 te
18 ; Madrid, three reeetbs,46l to 47 Cadiz, three weettis,
ST to 4 ; Leghorn, three nbeatha 30.60 to 80 ; Genoa,
three youths, 28.25 to 35 ; Naples. three month; 40i to 41;
IVeroto, three months, 124 to 129 ; Yeeeine, three months,
122 i to 123; Lisboa. 90 days. 614 to ; Oporto, 90 days,
2 ts 4.
Two failures are announced. One of the firms
is that of Messrs. W. J. Powell and Son, who
have issued the annexed circular. This is a re-
spectable house in the Manchester trade, and a sa-
tisfactory liquidation is hoped for. The liabilities
are estimated at about 80,0001.

No. 11, Friday-sired, London, Deo. 18, 1867.
Gentlemen,—We regret to state that we ere narks the ne-
cessity of stopping payment We have motioned our busi-
ness es long as there appeared a ppootability of doing so with
look& to our medinos sad oaradws. We trust that thalami
(if any) which oar creditors may sustain will be of snail
mount.

sS7grincdpal creditors have instructed Maws. Peninton,
Ledbary, and Co.. of King-Mmes. accountants, to investigate
the state of oar *Seim, and the malt will be submitted to pu
es early se possible.—We atei_gwatlesesa. your obedieat
alennta, FoweLt. •ND SON.

Alessi*. Sabel and Co., of Coleman-street, have
also stopped. This home carries on a foreign com-
mission business, acting as agent to some Belgian
paper manufactnrers and to the Belgian Glass COM.
',any. The amount involved is believtd to be
limited.

It u stated that the liabilities of Mims. Jonathan
Hills and Bon, private bankers, of Dartford and
Gravesend, amount to about 40,000/..

we are authorised to request parties holding bills
on Messrs. Heine, Semon, and CO., drawn by the
Nord-Deutsche Bank of Hamburg, to present them
for payment at the office of 3lessrs. N. M. Roths-
child and Sons.

At Hamburg the beet bills can now be discounted
as low as 8 per cent., but, amid the general disorga-
nisation, there must be unusual difficulty in deciding
am to what bills are really safe.
We understand that the forthcoming dividend of
the National Bank will be at the rate of 8 per
cent. per annum, vie. 6 per cent, dividend, and a
bonus of 10s. per share. We believe this is us high
a rate as the Bank has ever paid. As the state of
affairs in Ireland has imposed anon the directors the
necessity of keeping an extraordinarily large amount
of capital lying idle in the shape of coin, the foot
that so high a rate of dividend is declared, @peeks
highly for the vigilance and efficiency of the
management, who must have contrived to steer very
clear of bad debts.
The return of the Bank of England for the week
ending Wednesday, December 16, compared with
the previous weekly return, shows the following
reeults

As a considerable fall in the value of money is
evidently impending, speculation is increasing in
the stock markets. The funds to-day were very
buoyant, and closed again at the beet point of the
day, which shows a rise of fully 3 per cent. since
yesterday. In the other departments of the Stock
Exchange the upward movement was much more
decided. English, Canadian, Indian, Belgian,
and other foreign railway shares were in active
speculative demand—in many cases at considerably
advanced rates. Now that the more prominent
stocks have experienced so important a rise, the
speculators are eagerly turning their attention to a
variety of securities which hitherto have been ne-
glected. All the markets closed with a favourable
appearance, in anticipation of a highly satisfactory
Bank return.

Consols, which closed yesterday at 91 j to 92 ex
div. for the Bth January, were first marked this
morning 92 and 911, and steadily advanced to 921,
closing at 92 3.16 to 1. The official business
report is u follows :—Three per Cent. Consols, for
acooant (Bth Jan.), 92, 91i, 921, 921, ex div. •
Three per Cents. Reduced, 911, 1, 92; New Three
per Cents., 911, I, 1, I, 921; Bank Stock, 217;
Thtee-and-a-Halt per Cent. Exchequer Bonds, fall-
ing payable in 1858, 99, 991, 981 ; India Bonds,
28s. tbs.

Some parcels of Exchequer Bills were sold at Se.
discount, but the closing quotation was 4s. die toper.
Foreign stocks were generally firmer. Turkish
Six per Cents. advanoed per cent., closing at 94;
to;. The Guaranteed Four pr Cents. remain firm,
at 100 to /. Buenos Ayres Bonds met with Reversl
transactions, and closed at 93 to 96. This price in-
cludes the overdue coupons for the last twenty-six
year,. Venezuela Bonds were in request, at ad-
vanced rates, owing to a hope that the interference
of the British government will yet benefit the .suss
of the bondholders. Spanish, Mexican, and some
other descriptions met with more inquiry.
Bank shares to-day were quiet and steady. Union
Bank of Australia improved it. Union of London
closed at 211 to 221, and London and Westminster
at 46 to 40. Ottoman Bank were rather firmer.
The stocks of the two Discount Companies were
also better. Australian Agricultural advanced
10s. per share, and there were inquiries for
the 8 per cent. preference shares of the Netherlands
Land Enclosure Company.
The shares in the Indus Steam Flotilla remain
quoted ; toG prem.
Canada overnment Six per Cents. continue in
demand, with an upward tendency.