The Express.
London, England, 1851-01-07 00:00:00

MONEY MARKET.

THIS DAY.

Two o'Cpcz

The market for the home funds opened with are
they better aspect this morning, and at an
improvement of 4- on the last rives of yes-
terday's market, some addititional confidence
beiog imparted by the circarnsturce shown
in the government returns that the amount of
865,7881. will he invested in the Three per Cent.
Stock by the Commissioners for the Reduction of the
National Debt, in the quarter ending the s:h of April
next. Subsequently, however, the news received
from Paris of the fallen) of the att'mpts .o form a
new ministry, and of the continuance of the state
of crisis, afforded a handle, of which the' bears"
were not slow t 3 avail themselves, and prices have
experienced a d. cline oft per cent. Consuls opened for
the account at 96; to I, and have since dropped to
961, being at present quoted 961 to a ex dm. By
special transfer operations have beau effected for
money, at 96;, 1, and ex die.
The Reduced Three per Cents. have fallen from 97,1
to whilst the New Three-and-a-Quarter per Cents.
have been done at 981, 1, and 1. Long Annuities,
1860, mark 71. Bank Stock, 214 and 213.
Exchequer Ms are steady, with business in all
descriptions at 595. and 62e. premium. Icdia Bonds,
large and small, mark 75a. and 78s. prem.
In the foreign stock market there is no general
change in prime, and the business continues on a
quiet scale. Mexican Bonds remain flat, and the
price has receded to 341. Chilian Stcckp, on the
other hand, are looking up; and the more pacific
character of the intelligence from South America
has imparted more firmness to the market for
Brazilian. Bushiest; is reported in the undermen-
tioned securities only, via.:—Brazilian Five per
Cents., 89} ; ditto New, 87. Chilian Six per Cents.,
105. Mexican Bonds, 351, 341. Peruvian Four-
and-e-Half per Cents., 1849, 79; ; ditto Deferred,
35, 341. Portuguese Four per Cents., 341. Russian
Four-and-a-Half per Cents., 951.
The amount of bills drawn by the East India Com-
pany on the respective presidencies of ludia from the
24th ult. to the 6th inst. is as follows:
Rate of rschange.
4541:1,2,; Ti 2d. Id. per Co.'s rupt.n.
11
bIS It/ i 2s. 11}11. per ditto.

11.1ras
liumbay

Total

.209,465 2 3

......
Now that public attention is drawn to the growth
of tea in our colonial possessions, it may be of interest
to observe the progress of the Javan tea cultivation.
The impart of tea into llclland last year was:—
Chinese, 33,176 chests; Javan, 6,897 ; total, 40,073.
So that more than one-sixth of the supply of Hol-
, land is now derived from Java, ar.d an import has
taken place into this country of Javan tem. These
teas fetched good prices in Holland throughout the
year. The Brazilian growths are continued in that
country, the United St.ites supplies are still small,
and the Assam exports are far from making such pro-
gress as to promise any influence on cur marko'.

Among many tubjects of engrossing interest there
is one question which deserves more attention from
the public then it has received, and that is the resto-
ration of the English whale trade. While' notwith.
' standing the temptations of California, American
whaling in the North Pacific is pursued with gr. titer
eagerness and greater succss. than ever, Engiiah en-
terprise in that quarter still continues stationary.
Many circumstances have occurred to affect the oil
trade, but so tar from being in a declining eoadition, the
Americans find in Europe a market fer mach of their
prance. Thus there is every encouragem at for
rational enterprise in whaling, hut it is to he regretted
various cams have tends(' to limit cur participation
in it, or rather to reduce our share to a very email
one. The means of r.medving this state of affairs
have attracted the attention of many eminent men,
bit the only practical measure adopted is the itlisti!ll.
tioa of the Suutittra Whale Fishery Company, the
progress of which is looked upon with some
aux :ety.

The company po.sesses several elem'nts which
are calculated to promote its welfare, and has re-
ceived some degree of encouragement from the go-
' vernment. By bringing together a considerable
capital, it is prepared to meet the casualties and risks
which attend this trade, and might baffle a single ad-
venturer. By posees-ing a charter, it is erabltd to
enlist the support of capitalists, without involving
them in personal liability. In the United States there
are legal facilities in obtaining capital, which are the
germ of their great uneertakings. M it of the mills
of Lowell, of the ironworks of Pennsylvania, and of
the great manufacturing establishments throughout the
northern and middle states, belong to joint-stuck asso-
ciations, the members of which are either proicced
from personal liability by charter or by generel laws,
affording privileges similar to those of sociiNs ann.
nymes or en cominanditn, The want of this bectseery
protection for association has hitherto put us under a
disadvantage in competing wish the American
whalers, and deprived our people of capital. The
Southern Whale Fishery Company are now, however,
specially protected ; and they have arother advantage
in the pnasession of a good whaling station at the
Auck.ancls.

The reports with regard this settlement are
now before UP, and we have looked at them
with some degree of anxiety, to see whether the
experience of Governor Enderby justifies the favour-
able accounts given by Sir James Rosa and other
navigators. It ban too often happened that such ac-
counts have not always been found supported by
practice. Thus, the first PE taltment is A..stralia had
to be moved from Botany Bay to Port Jackson ; and
neither at Algoa Boy nor Swan River did the first
settlers find that the flattering picture of the disco-
verers was realised. As yet, with the small means at
his disposal, the governor has not been able to do
very much, but he has found a healthy climate, luxu-
riant soil, abundant herbage, good vegetables, and
thriving stock. The few New Zealanders on the Islands
bear good testimony to the climate and resources, and
are found very useful. Supplies are re idily got from
Sydney and the neighbouring settlements ; and, as
the prospects of the whaling ground are confirmed,
there is every hope of a successful issue to the enter-
Prise.
Neat Rock. 213 14
3 per Cl. Wed. AIM., 901 I
3pa Ct. Cow. Lea.. dm
fORKTO
lipee 04. liosirtaa Noah.
pet Ct. &Q. 8ee.1.,..4) 2
per Oast..
6 per 491. *saints lat. 47 9
Ditto New, 82 7
0 per Ct Name,. .4 Tree. 44 32
DIM CtlNan We., 103 6
Ditto Womb. Del. 13.4.,
Oolumnbles Nqutlae B,k. 34
3 per Ct be4ll We., 75 881
me 4. Duteb nu,
pa Ct. WWI WWI Cent.al 901 13

6M:11.1811 Thy.
3 per Ct. Con. Ace.. ZS a
3, per Ct%. Util
kaelu..your 59e. to C2e.
1 pee Ct. Orena4s 164., 17 14
Orem& Dolurred Dd.. 4 t
6 per 4.:* M. Ede., 344 54
4 per UL :waiving 14.1... ;VS
Portsutoooe C ay.. 21 5
6 per Ct. Itue, 11 IT
1)lito 81.6u1eb Hda, if
a
71w spaulsh Das., 34
Do. Doferr,4
Ditto Pesive IA:. 36
24 Ps4 Ct. V• 11•141011. 114 e. 111 3
Vesineota Dew*, Nowa. 11 11

MINCINU-LANE.-THIS DAY.

SVGAR.—Ths large public Wee appear to exceed the de-
mand, and they are progressing heavily; but they will not
be over until a late bout. Refined is also dull of sale, and
last week's prices are with difficulty eu,,ported.
Curtis.—Tbs quantity offered in public sale Of this
article has also been m-ere then the trade seem itclined to
buy, and they are progr.ssiog heavily.
Tae.—The large public sales declared far to morrow have
suspended business by rivate contract.
Piwexto sold is pub.ic sale, at sk, cci !ding quality.
Culvert, imported from Bombay, sold steadily in public
sale, S to 6f per lb.
Nirmevu or SODA. —6,300 bags were aired, and chit fly
bought in, Ide.
Rvw remains without alteration.
Rtca.—Last week's quoutions are supported, but no
transactions of imFortance repelled.
COTTON.—The market bat been inactive.
In other articles no material alteration.