The Express.
London, England, 1861-10-21 00:00:00

PIt!NC-nWI

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Tnn rvrerea,JE ‘N NIITTVB W LDIMSO.—PLA TING WITH
YI XL J. tleueghaia. Ryder. H. Widacogal., O. Jordan.
M 1.4 Mt- Analle. I. lad- INN, mid Mn. Wooks.—+Aind
Pro. CA. HON. TA.I.

JAMMSL

Evimurn. A MAY la orrl.h. Mr. and Yet Frank
A :WRAP 01, PAPER. Musars. Alined Wigan,
belasorr. Ashley. and Draw. Misses lh rt and tamer, and
Mrs. A. Wisats—And DUN It ON MO ill I DES. —Commence at

from the prejudicial influence exercised by the
scarcity of food, and by the consequent financial
crisis in France, the principal cause of depression
now is the civil war in America. So long as this
continues, paralysing trade and cutting off the
supply of cotton, it is difficult to see how a
revival of prosperity can occur in the internal
business of the kingdom. It seems more reasonable
to apprehend that the industrial machine will con-
tinue to work at reduced speed, that the commer-
cial circulation will slaken, and the rate of profit
range below the average. Certain branches of
business always receive an exceptional stimulus
from events of an untoward character. In Limo of

war the trades engaged in the fabrication of the
appliances of slaughter are, of course, prosperous.
There is, accordingly, a louder clang going on now
in seine of our Midland districts, in order that our
American cousins may be adequately equipped
with the means of destroying each other. The
11110/111 is the case in America, where large fortunes
are being realized by a host of army and other
government contractors. Again, some of the
Yorkshire woollen districts have been made
ite busy of late by large orders for
clothing for the Federal volunteers. But,
allowing for these very partial benefits, it is clear
enough that trade in this country is becoming
more and more overshadowed by the conflict in
America. The wholesome warning is thus once
more impressed upon us that, instead of wrapping
ourselves up in insular selfishness and indifference,
we had better cultivate a warm and friendly inte-
rest in the progress and welfare of neighbouring
nations, if only upon the narrow ground that any
check to their prosperity will most assuredly im-
pair our own. It is well for the great cause of
human progress that this identity of interest
s'iould exist, and that its recognition should be
enforced even by the_ painful events now in
progress.

The proofs of the disorganization of the cotton
trade are daily becoming stronger. Legiti-
mate business is falling off, and speculation
is growing rampant, as regards not only the
raw material but also the manufactured or
partially manufactured article. There has been
another week of active speculation and excitement
at Liverpool. The transactions in cotton have
reached the enormous quantity of about 130,000
bales, the value of which must be a great deal
more than a million sterling, at the lowest compu-
tation. The stock is now estimated at 631,650
bales, against 753,410 at the corresponding
period of last year. The difference is only
121,760 bales, but the new American crop,
which was then about to come forward, is
now shut up. The scantiness of the quan-
tity now held may be estimated by consider-
ing it in relation to that taken for actual consump-
tion this year, which is 1,944,900 bales. The
immediate question is, if we require two millions
of bales in ten months, how shall we get on with
• present stock of 631,650 bales in first hands,
and with the prospect of supplies from other
producing countries only, and not from America?
The average rise in cotton this week is id. per lb.
Speculation has been further assisted by the re-
ports of the damage to the cotton crop in Egypt.
Tke Manchester markets are likewise disor-
ganized. The principal speculative movement is
in yarns. The question of the effect of this
upon consumption abroad, as well as upon the
operations of manufacturers at home, is becoming
• very erious one. The last letters from India
report many sales at losing prices, and are said to
be full of forebodings that should the Manchester
market rise to the rates which it has even now
attained, the native weavers may outstrip us in
textile fabrics, favoured as they are by protective
duties, and by a promising yield of cotton at their
own doors. Meanwhile, the reports from Man-
chester allude to the case of one firm of spinners
and manufacturers who hold cotton upon which, if
they sold it now, they could realise 20,0001.,
whilst another firm, ono of the largest in the dis-
trict, are reported to have made half a million
profit in the same way. " Some of these reporta,"
observes the market letter published on Saturday,
" are rather wild, but there is no doubt that the
" temptations to speculate in cotton are much
" greater just now than any offered by a legitimate
"trade in spinning and manufacturing." We fear
it is so, indeed ; and the farther speculation is
pushed now that it has quitted all ordinary bounds,
the greater will be the danger of a convulsion when
the turn comes.

bt Court.

BALMORAL, Ocr. lit

The Queen, accompanied by the Prim:ewe Alice
and Louise, and Pence Loris of Been, rode up yesterday to
the Forest, and returned by the Balkoli Buie Woods.
The Prince Consort went out deer stalking.
Primes' Hohenlohe and Prince Leopold, Wendel; by
Lady Augusta Brace, went out driving.
There was no addition to the royal dinner party.
Prince Louis of Hesse, attended by Baron Weeterweller,
left the Castle this morning, at 8 o'clock, on his return to
Germany.

Oct 19.

The Queen, soecanpanied by the Prloosens, Mtge and
Hama, and attended by the Itarchionew of IRT, aftlfre
yesterday to Mt as Guithasach, and then rods on peaks by
Loch Ifni& to above the Falls of the Obitasalt, and refereed
house the mama way.
Primer Hohenlohe, Primer Boats*" and Prince Leo-
pold, accompanied her Majesty as far asAil no Guillemot&
The Prince Consort wait out deer stalking.

Despatches were received on Saturday at the Colonial-
once from the Governor of Bermuda. Despatches were
seat on Saturday evening to the Governors of the North
♦merican Provinces, Gibraltar, Malta, the Mauritius,
Ceylon, Hong Kam, Labueui, and Australia.

THE RETURN OT THE COURT FROM BALMORAL.—
II been arranged that the court will leave Balmoral on
the morning of Tuesday, the 22ad inst., far the south. The
royal train will start from Aborne at 1L45 a.m., and 10.1
leach Aberdeen at 12113. It will there make a stay of live
minntas, and will renal Perth at 4.13, leaving at 4.18, and
arriving at Bt. Margarist's station, Edinburgh, at 6.30 p.m.
Thew* party will leave Edinburgh on the following even-
ing tat 8.90 for Whaleer.—Aterafeen Berea

His Royal Highness the Prince of Wales arrived
la Cambridge at half-past Ave as Saturday evening,
from Huntisers. His Highness reached Hooting.
don by the Greet Northern, and travelled thence
by the Eastern Counties to Cambridge. At Huntingdon one
of the royal aaniages was in attendance to Noway the
Prince from the Great Northern to the Eastern Counties
Blinks, the stations being at opposite ends of the town.
Hie Royal Highness, attended by the Hon. General Bruce,
Captain Grey, and the useal retinue, ea his arrival in Cam-
bridge drove from the italics direct to hfadingleylull.

Their Royal Highnesses the Duchess of Cam-
bridge and the Naomi Nary bare returned to Cambridge
Cottage, Kew, hem visiting Lady Marisa Alford, at Amb-
ridge Perk, Herts. Her royal highs= bee taken a rendes:le
at Brighton for the autumn mouths

Hi; Excellency the Italian Minister has arrived
is town from visiting Viscount and Viscountess Palmangoa
at Broadlas&

LATEST INTELLIGENCE.

PRIISSIA.-THE AMNESTY.

Countersigned by the Ministers.

The Marquis and lilarehionetei of Clanrioarde left
Stratton-street ea Saturday for their east, Pertaassa 0.813 e,
county Galway.

BELGIUM.

The Earl and Countess of llszilsricke pus
through Loudon to-day, front flydoey Lad" Herta, to
Wimpol• Hell, Cambridgeshire.
The Earl Granville loft Bruton-Street on Friday
evening to pose • few weeks in Berlin, during the festi-
vities consequent on the coronation of the King and Queoa
of itamia.

THE EXPRESS, MONDAY EVENING, OCTOBER 21, 1861.

The Prussian lefoititeur publishes • decree of
amnesty on the occasion of the coronation.
Amongst other provisions of this decree we remark
the following :—" In execution of the ulterior
pardons, promised in our decree of the 12th
of January last, we will :—Article 1. To remit
the unfulfilled terms of imprisonment and fine,
also any unpaid expenses of persons condemned for
offenoes against the law of the press, and the
'decree upon the right of reunion and association.
Article 7. Our desire also is that individuals guilty
of grave crimes, who by their conduct, or by other
circumstances in their favour, have merited indul-
genco,or may be restored to liberty without danger,
share in the present act of amnesty. We have,
consequently, given special orders, upon the report
of our Minister of Justice, for setting at liberty the
condemned of this class.
"Konigsberg, Oct. 18, 1861.

PRUSSIA.

DANTZIC, Ocr. 20.

The King and Queen of Prussia arrived here at
six o'clock this evening, and were received by the
civil and military authorities.
The city is illuminated.
Great enthusiasm is displayed towards the King
by the inhabitants.
A grand banquet will be given this evening in the
Artushof.

THE PENINSULAR MAILS.
SOUTHAMPTON, Ocr. 21.

The Peninsular and Oriental Company's steamer
Tagus, with the Peninsular mails, arrived off the
Needles at 12.25 p.m. to-day.

"6 Witusit."

The Belgian journals give detailed accounts of
the meeting between the Kings of Holland and of
the Belgians at Liege.
At 7 p.m. the King of the Belgians, accompanied
by the Duke of Brabant, proceeded to a tent erected
fur the occasion at the Guillemins station. All the
high officials, civil as well as military, were assem-
bled there. At a quarter-past 7 the cannon an-
nounced the arrival of King William. King Leopold
advanced, with the Duke of Brabant, towards
King William, and the two monarchs shook
hands. The assembled multitude loudly cheered.
The cortege was formed in the usual manner, and
the two monarchs proceeded to the palace,
driving along the Boulevards. In the evening the
city of Li4ge was brilliantly illuminated. During a
serenade given in front of the palace the two Kings
appeared together at one of the windows of the
palace, when they were again received with enthu-
siastic cheers.

THE BOMBAY MAIL.
The Valetta, with the above mail, arrived at
Marseilles at 7 a.m. this day.
Tho malls were to leave for London at 10 a.w.