The Express.
London, England, 1850-01-03 00:00:00

LONDON, THURSDAY EVENING, JANUARY 3, 1850.

cdnitur I ...lop th. hi." He (Commander Chamber-'
a) to ma Wilt Ino doss neatesant to witness the execs-
ties of this thweol. awl aorealed tke order, mentioning to the
Int liameemat what do isissase had said he would do ; the
osier woe 'biped. milk a b misuse atter it struek eight
elk* Sad the phaeser woe relieved by another °Seer ;
altar which, ea oustderailis of what had happened, ho
(Comashandee Chomiterlela) theogh it his duty to plat* the
primmer radar anent, he being at the tine oa fall pay sad
anise.

The mensmidir thee called Kr. Richard Wane. (master),
W. Der** tmastwee-aseistent), Frederick Toone/ad taro
teroe-arehlemt), dereeest adward Roberta (Boyd MarbillOr
mad
rehash e Mr. d
Themes a
Malement. sesell Piektbeepe (sergeon), who car.
hi
The Nur. Greed et kalLpest t eels* in the morning,
and the prearendea dosed shisat Magus 12.
The Men in hid an ben; when
Mr. Beer read a wel. wdlben detense, in whit
at=
loner did set the abate elfdeimitenaest, but
that no habitual was guyed &SY: dads
without ktareet/Mrg te justify Ids seninek the sot
would ukelele esulderedea hie minegneat stem
commanding the desp's beats et the warn of a slave vessel
at Colongo. He submilmed that the woad charge was not
proved, but, if the aemt eb.di mike it had bees proved,
he contended AM the aanaramlesos ram was v.:MMus, in.
vouch as the peep gradsas were ally a eentinisation of the
poop itself, sad other Aeon were not forbidAen to go on
them. Miresever, it might be *how* by the ship's log that
the weather wee such se tos dimmed a sinful look-out, and
from the pee, pea=the meet extensive survey of the
horizon Gadd be He catered the wireless in 1811,and
had born eenetsettly eseideyed on foreign duty. From the
t that thesesentaadsr lsviag permitted him to retina to
his duty after the set et drusikensees, he expected that the
charge would net have bees prosecuted, and threw himself on
the mercy dike court.
Prisoser mined Mr. William &relit% metes meistuat,
and Commander Chamberlais. The former proved that
Lieutenant Lowry lett the Helicons/I hi her beats as the
14th of May, and emended is • where
ver darer,
.t.tV tro/A:7lsd MINN beeettga=Sal
as an r and a gentleman to be very good. Commander
Chamberlain corroborated the evidence of the maateee-
assistant in relation to the proper pert°, mince of duty, and
smoldered that the slaver was captured under circum-
stances of gallantry, and thought prisoneee behaviour gene-
rally good.
The court was closed at bull-put 2 o'clock, and the mem-
ben deliberated for above an h ,ur, when they declared,
through the judge advocate, that they considered the charges
of the commander proved, and sentenced Lieut. Lowry to be
dismissed the service.

capital has hitherto been 126,1801, with a reserve
fund of 23,8041. The amount paid tip per share is
861., and the dividend has been 12k per cent. per
annum.

It is stated that another call of 201. per share is
about to be made on the unfortunate shareholders of
the North of England Joint-Stock Bank, under the
provisions of that costly and interminable process, the
"Winding-up Act," making in all 701 per share
skald) esplphed by this awful and most distressing
Gowen.

Notwithstanding the hue and cry of the protez,
&mkt% and the predictions with which they seek to
spread dismay amongst the upholders of free trade, a
glance at the trade of Manchester for the past sear
will dispel to doubt as to the beneficial effects
arising from the more liberal policy as regards the
cotton manufactures of this country. A review of the
exports from thence shows how favourably the past
year contrasts with 1848, particularly if we bear in
mind that the increase is chiefly in highly-finished
goods, which afford occepatoz and profit to
venous branches of the cotton manufacture. The
income to the United Stater, Mexico, Brazils, end
Italy is chiefly of this description of gods • with the
exception, therefore, of some few branches Of industry
the export trade of 1849 is admitted to have been a
beneficial one to the community at large, whilst the
prospects for the home trade are in most oases pro-
mising for the present year. The exports of Mat-
cheater goods fur the past year exhibit the following
results as compered with 1848 ; the increase in cotton
yarn, after deducting • falling off of 4,000,0001 b., via-
wvoßtmia is 28,000,0001 We. The increase in plain
1*461,500,000 yards ; in printed and dyed
ws.ooBo3l°X? is lace, gauze, cords,
a leans, fustian, &c.,
96,000,000 yards; in linens, 9,500,000 yards. The
only decrease which deserves notice is that in yarns
to RUM* amounting to 2.600,0001 Ni ; and unless
the present exorbitant duty of about 61d. per lb. on
import made by the Russian government be soon re-
dnoed, for which they hold out hopes, this branch of
trade must inevitably decline, and in all probability
become extinguished altogether.
As regards the woollen trade, the exports in 1849,
as compared with 1848, show the following results :
Thera is an increase in mixed woollen sad cotton
goods amounting in value to 261,0001.; in woollens,
216,0001 ; in woollen and worsted g 005,615,6001.; in
woollen and worsted yarns, 4,000,000 lb..
For the above returns we are chiefly indebted to
Messrs. Du Fay and Co., whose remarks on the home
trade for the past year will be found below, and from
whose able report of the Manchester and Yorkshire
markets for the month of December we make the fol-

lowing extracts :
WLite we recommits,' to our manufacturers a continued
and due economy in the use of the raw material, we make
no apalegy for repeating the following words contained in
our trade report of the Ist October, 11146 :—" Every encou
rsgement ought to be given to the growth of colon. The
prosperity of Lancashire, end we may say of Great Britain,
depends upon an abundant supply of this staple, which, next
to food, is the most important commodity." The home
trade has by no means anointed the expectations which
were formed of It at the beginning of the year. We enjoyed
the b:essings of piece and cheap prices of all articles of food.
'tit the trade was not commensurate with such elements of
7rosperity. If we examine the causes to which this *no
salons state of things bee been owing, we believe they will
be found to have been :-Ist. A great decline in railway
thane since the exposé, of mismanagement and downfall of
the great leader in February lest. The loss sustained, as
estimated by some parties, amounts to 80 millions. 2nd.
To the check given to business by cholera, which continued
NV ral months. 3rd. To the alum created in the agricul-
tural di•tricta by foreign competition and low price* of
wheat, &c. Latterly a much better home demand has
sprung up, and if the mass of the people are kept fully em-
ployed—of which there is little doubt now—the home trade
will continue to improve in the present year. If this should
actually prove to be t►e eau, and the purchases for the Le-
vant and other markets be c,otinued, the desired tarn, to
which we alluded in our last circular, will have come to
pain, namely, a general demand acting upon the Manchester
market, and the latter upon that of Liverpool—a more
natural and far safer way than that which was pursued in
October end November last.

MANCHZSTIR MARIUS.' —YAR:...—The transaction. in
yarns have been considerable during the past month, pant.
cularly in 20's water and 40's mule twist for the eutera
marks... The latter descriptions of yarn have risen about
4d, per lb.; and the quotations for 40's mule, usual Indian
quality, is now 91 per lb. 20'. water twist have net risen
in the same pp portion, the stocks on hand having been more
eonsiderahle. Ober descriptions and members have risen
more or less; and all the higher numbers of mule twist used
in the home trade, and particularly in the woollen districts
for the production of fancy stuffs, have been in good demand
at rising prices. The spinners are in a somewhat better
position than they have been, although it cannot be said
tact paying prices are obtained on the lower numbers, if the
present pries of cotton is added to the cost of producing
them.
GOODS.—Considering the season of the year, the business
traussued in nearly all description' of goods mast be celled
very extensive. At the beginning of December a slight
giving way of prices was perceived, but the last three weeks,
parches., to a large amount were effected. in which those
for the India and China markets took the lead, and the
buyers for other markers followed in a more or less degree.
The Levant ntereants kept in the rear, but they have lat-
terly begun operations; and as that clue of buyers is consi-
dered io be one of the most cautious, other timid parties
have followed, while the home trade houses have also acted
with more spirit, extending their purchases to articles which
had been neglected, such as heavy domestics, dke. An ad-
vance has taken place on nearly all descriptions of goods,
varying from lid. to 41d. per piece. Our quotations are
given with se much exactitude as a somewhat irregular
market will permit.
YORKSHIRE Manure.—The fear we expressed in our
last report respecting the too rapid succession of a further
rise in our Bradford market, is but too likely to be realised.
During this month wools and yarns have advanced from
week to week, amounting in the aggregate to fully 10 per
cent and manufactured goods have followed, and continue
to follow the same tendency, so muck so, that we abstain
from cooing any prices, which, in the present state of things,
can only he considered nominal, as we are threatened with
still higher rates with the commencement of the present
year. We can only state that there is full work for all hands
employed in the worsted district., not only for the present,
bat for from six to eight weeks to come. There *scoot be
any doubt that many of the orders which caused this unusual
activity have been given in anticipation of a brisk demand
in spring from all parts of Europe, and from America, and
that a large amount of business is now transacting, which,
under ordinary tirtuaistanose, would have been spread over
the next two or three months. It therefore remains to be
seen whether this indisputable feature in our present pros.
perky will not have some reactionary effect on our market
towards April, when the sanguine expectations now eater-
tainedof a flourishing spring trade will be brought to a test.
Some few individuals, either induced by the present (in our
opinion) somewhat artificial cute of affairs, or for the pur-
pose of counteracting the effect of the Ten Hours Bill, are
going to increase their productive powers very materially,
although statistical accounts prove that the now existing
spindles and looms are more than adequate fully to supply a
good average demand. There are, however, only a very few
who contemplate any extension of their works at present ;
the majority are on the more cautious aide of the question,
and desire ant to ascertain practically whether this apparent
effect of the bill is not a mere transitory one.
In woollens there has bee. a large badness done. Since
last month stacks are very much reduced and owing to the
higher rates for wool, purchases can nn linger he made on
the then ruling prices.
In order to give our friends every opportunity of compari-
son, we have added our monthly :statement of exports to the
But, up to the 31st December, 1849, compared with same
period of 1849. It shows en—
Plain Cotton. Printed. Yarns.
Increase to Bay of Bengal
(packages) 18,823 .... 975 .... 18,547
Increase to Coins (ditto) 24,623 .... 2,004 .... 1,683
And a decrease in yarn to China of 2,961 packages, which
latter will, however, be r:duced by shipments now in pre-
paration.

Onr Monthly statement from Hull, carried down to 28th
December, 1849, compared with the same period, 1848,
shows a total increase of 5,838 packages of yarn ; but a de-
crease of 3,491 packages of goods.
We extract the following able review of the money
market from the Bunkers' Mariam for January,
which appears to-day :
The symptoms of excitement, of a more or less decided
&erecter, noticed by us last month, have continued, and in
all probability increased during the last four or five weals.
The mmkst price of nearly all kinds of funded securities has
undergone an advance, in mast instances an advance of some
importance, and with the eiumpti in of almost the whole of
the railway stuck., the market, at this moment, may be de-
scribed as rising. On the lit of this month cionsoi., were at
954, they are now elms !Ton 97 ! Exchequer hills flt per
cent. per diem) wen at 60.. premium, they ire sowsaerked
at 67; and India bonds have advanced during the same fit'
larval from 84 to 90 premium. It is to be observed. that as
these improveamets in grim have taken plisse during ts.•
,:.tosii.g weeks of the revenue quarter, when the market
miss of such securities is potently observed to give way,
the ;afereacs which appears to be Puttied by the facts
bathes os confirms In a very marked manner the prevalent
laptenath‘t as to the adventuress dispoeitios at the load-