The Express.
London, England, 1851-06-24 00:00:00

Ili $ di
r.l $44 24

THIS DAY.

No. 1.

VeneLela.

Si
1
I ills
Si
SIM
10 dlslo 6 is
14 IS
l 6 i irr

Ili Ito
21 Il sal
ll II
111 111
ti Ay'
is
16 16
4 r

T0m.... £77,790 18 10

Ii 11 Pia

MONEY MARKET.

Two o'CLocK.

The English stock market has again been very
quiet to-day, and prices have not experienced even a
fractional change, but it may be noticed that the tone
has been a shade firmer than yesterday. The invest-
ments by the government broker arc again resumed,
but the stock selected to-day is the South Sea Annui-
ties instead of the Reduced Three per Cents., as
heretofore.

Consols have not varied from 98a to ex div. for
the 17th of July. Bank Stock remains firm. The
list of business, as officially given, is as follows:
Three per Cent. Consols for the opening, 961; Three
per Cent. Reduced, 971, k; New Three-and-a-Quarter
per Cents., 981, t, I; Long Annuities, 1860, 71, 5-16;
South Sea Old Annuities, 961 ; Bank Stock, 213.
The market for unfunded securities presents a
more satisfactory appearance, more inquiry being
evident, and prices consequently being firmly main.
tained. All classes of Exchequer Bills mark 435.
and 465. premium; and India Bonds, under 1,0001.,
635. premium.
The foreign stock market is almost entirely de-
serted, and prices show scarcely the least change.
Dutch Four per Cents. are rather better, whilst Mex-
ican Bonds are worse again. Spanish Actives main-
tain their price. By electric telegraph, intelligence
has just beenreceivedthat the members of the commit-
tee on the bill for the settlement of the debt were,sofar
as .yet chosen, all favourable to the ministerial pro-
ject, and that the result was known of the elections
in all the bureaux except one. To-day's list
of bargains is very small, consisting only of :
Danish Five per Cents., at 1041. Dutch Four-
per Cent. Certificates, Olt. Mexican Bonds, 34L 1.
Spanish Active Five per Cents., 201, 1; ditto Five
per Cent. div. front May 1849, 151; ditto Passive, 51.
The traffic receipts on the London and Brighton
Railway, for the week ending the 21st inst., show
an increase of 1631., as compared with the corres-
ponding week of last year, the amount being 12,5371.
against 12,3741. in 1850. The average return per
mile per week is 72.361. against 72.23/. last year.
This week contrasts with a good week last year, and
hence the increase is not so remarkable, though it
will be seen that the traffic stands at a very high

range.
N'Ve have received the following :
Committee of Spanish American Bondholders,
8, Broad-street-buildings, June '4, 18.51.
The following are the "Observations" on the Venezue-
lan Debt, referred to by Mr. Lord in his two letters pub-
lished yesterday

"La Guayra, May 15, 18.5'.
" Observations upon the Actual State of the I. ureign Debt
of Venezuela, made from the Exchequer Accounts pre-
sented to Congress.
"In reducing sterling into currency, the Minister of
Finance has adopted an exchange of 6.1 dole. per £ sterling.
" By executive decree of Sept. 16, 1840, the debt was ac-
knowledged to be 28i per cent. of 6,625,9501., equal to
1,888,3951. 155., or 11,802,473 dolt. 44c., of active debt,
bearing interest payable half yearly, from April 1, 1840.
Of deterred debt, the same amount, bearing interest from
Oct. 1, 1852.
"By legislative decree of May 18, 1843, the active debt
was increased in favour of James Mackintosh 150,0001., or
937,500 dole. Between April 1, 1842, and July 10, 1843
(sale Exchequer Account of 1847), redemption was effected
in London by Messrs. Reid, Irving, and Co., of active
debt, 208,4301., or 1,302,687 dole. 50c. • of deferred debt,
364,4071. 10s, or 2,277,540 dots. 87c. The debt became re-
duced therefore to the following amounts Active debt,
1,829,9651. 15s, or 11,437,285 dole. 94c. ; deferred debt,
1,523,9884. 55., or 9,524,926 dolt. 56c. ; at which it now
stands, and upon which amounts progressive interest is
calculated by the minister (ride Exchequer Account of
1850, pp. 14 and 1.3). No interest bas been paid on the
active debt since April 1, 1847. The arrears of interest to
April 1, 1851, are as under, viz.:

Financial year Payable Per annum Dols. e.
1647 to 16 M lit mt. 1847, at 4 per et. .0 10,587 2 6 / Y 37,„„
91
Ist April, 1646, „ 20,637 2 3 j
1646 to 1649 Ist Uct. 144.3, 4 „ 22,674 11 6j 931 16
Ist Aprtl,l6l9„ „ 32,471 11 )
1649 to 1630 Ist
Ist Apn Oit.,
1,1450 134 V, „
4 23
„ ~163 0 7 163 0 7 314,326 6,
„ 2$
1630 to 1831 lit Oct.. 1030, 3, 97.419 9 6 .
4.3 ~6
lit April, 1631, „ „ 27,447 V 6 j ,"

"rstalof arrear, intereq to let April, 1851 104148 8 01,700,013 04
The interest subsequently payable is as under :
1831 to 1852 let Ot, lasl, at 31 per Lt. 30,7 01810 l 1y71,711 79
Ist April, Pot, 99,73. IS .0 )
1852 to 1859 let Oct, hat, .31 ~ 32,024 80 I 400 so,
IstApnl,l4s3, „ „ 31,014 0 O )
and so on, increasing per annum ; that is, 4,15741. 18s. 3d.,
or 28,593 dots. 21c., until it attains the MILLU3IIIII2 of G per
cent per annum.
Deferred Debt —The Snit year's interest on this debt
will be payable on lot April and Ist October, 10d3, at 1 per
cent. per annum, 1.5,2391. 17s. 81., or 95,249 dots. 2Gc., in-
creasing yearly per cent.; that is, 3.3091. 19s. 5d., or
23,812 dots. 32c.. until it attains the maximum rate of 5 per
cent. per annum. (Signed) " li. J. Luau."
No. 2.

" La Outtyra, 15th May, 1851.
"Additional Observations respecting the Foreign Debt of

"The conversion of Columbian into Venezuelan Bonds
(of her rtion of 281 per cent.) has not been completed.
By the Exchequer Account of 1848, at page 12, it appears
that on the 16th September, 1847 (when Messrs. Reid, Ir-
ving, and Co., suspended their payments), there was then
wanting to complete the operation the sum of 219,628 dole.
12e., or 35,1401. 10s. The interest due on this amount for
seven years to Ist April, 1847, at 2 per cent. per annum,
amounts to 4,9191. 13s. 4d., or 30,749 dole. 93c. Forming
part of the 35,1404. 10s. are the bonds which have to be issued
to John Tebbutt by legislative decree of Bth May, 1847, for
the snm of 2,9921. 10s. of each class of debt, active and deferred.
Redeemed Bonds : Active-208,4301. ; deferred, 367,4071.
10e. In the Exchequer Account of 188, and in the report of
the Treasurer General, Senor J. B. Calcano, dated 30th
November, 1848, it is stated that the Redeemed Bonds were
in the hands of Messrs. Reid, Irving, and Co. The Mi-
nister of Finance, in his calculation of progressive interest,
page 14, excludes the amount of the Redeemed Bonds,
treating them as withdrawn from circulation—in other
words, as null and void. For the republic to enjoy the full
benefit which this redemption is calculated to produce, and
elevate the credit and character of its government, the
Charg6-d'Affaires who is about to proceed to London,
should be instructed to cancel the said Iteth.vmed Bonds in
the usual way; and to give notice thereof, with all requisite
particulars, in one or two of the London daily papers.
(Signed) 11. J. Loan."
The amount of bills drawn by the East India Com-
pany on their respective presidencies, from the 7th
to the 23rd instant, is as follows :
-

' Rate of Exchange.
Bengal £71,714 19 81 2s id. per Co.'. rupee.
Madras 5,782 11 1 '
ditto
Bombay

At Hamburg gold has fallen to 4241, whilst the
exchange, as will be seen below, has rallied 1 @chilling.
The retest quotations of exchange at foreign places
on London are as follows :-
Previous Latest
Quotations. Quotations.
Amsterdam, abort llB.BO 118.80
Ditto, 2 months llB. 75 116. 75
Antwerp, short 2sf. 05 25f. 05
Bremen, 3 months
Christiania, 3 months
Copenhagen, short
Ditto, 3 months
Frankfort, short
Gothenburg, 90 days 11.41 11.41
Gibraltar, 90 days 5l 501
George Town, Deme-
rara (bank bills) 30
days
Ditto, 90 days
Havana
1071
Hamburg, short
13m. 4
Ditto, 3 months 13m421 13m. 2
Kingston, Jamaica, 30
days it P-01. P-• Fara P. Cl.
Ditto,. 90 days
Leipaig, 3 months .20 6.19 f
Mobile llO
'New Orleans l3 1101
Now York, 60 days ll f 1101 11
Paris, short 25 . 25f.
Ditto, 3 months 24f. 821 24f. 821
Philadelphia
Rigs, 3 months 37 16-16 d. 385. 37 15-16 d.
St. Petersburg, 3 mos. 370% 13-16 d. Id. 37 1346 d. fd.
Savannah
Stockholm, short
Ditto, 90 days 11.39 11.39
Vienna 129.16 128 20
The subjoined calculations show the rate per cent
per annum yielded by the various securities cited at
the average of the prices which ruled yesterday.
Where the asterisk (*) ia prefixed it is to be under-
stood that the share rate of interest is less the in
come tax. It will be seen that in every awe we take

the rate of interest last declared as the basis of our
calculation :
Mee per Cent. Console (.hut)
rine per Orist.Reinord .mace prtee 974 'Widest cent. /3 1 6)
New nuelsoutdot.Quarter per Cents.— 944 is I 6 II
Bank Stock (dlr. 74 per cent. per ans.) 212 8 10 9
India Sleek (,I k. les per rent, per an.) 2614 ~ 40 0
Beakequer Me BM. 14d. per day) 4se. pm. 2 4 74
Or Wistene £lOO sh. (die. at the
rated 4 par cent per ann.) .
i Leaceiddre and Yorkshire .ClOO
Black. (dlr. at the rate of 2 per
cent per ann.)
Leaded and South Western. Stock
(dir. at the rated 4 per et. per san.) 83
London and North Wegere•Stock (di
at the rate of 54 per cent. per ann.) 1224
Ilid(and• Stock (dm. at the rate et t 4
per cent. per ann.)
loath Pastern* Stock . half-yearly divi-
dend lOtt. per 301. share, equal to
81.114.84 L per sent. per ann.)
VP:MUM YUNDS.—Tate DAT.
Bank Stock, 212 13 Long Annuities. 1 %
3 per Ct. Reduced. 971 I Inas sVek. 2.:0 01
3 per CI. e.t.a* shu. Ditto Ito.sts.
31 per Ct. Consals, etni 4 Excnoquer 8i11a.1.0001 .435. to 400.
Consols for he., PSI 4
44 per Ct. Bastin, 91 3
5 per Ct. Brazilian. 8e Di
Do. New. 60 8
6 per Cr.. Buono. Arm, 54 6
6 per Ct. Millen. 103 5
3 per Ot. Milian,
3 per Ct. Dante.. TO 77
21 Ct. Dutch. 60 1
4 perpar
Ct. Dutch, 904 1
B.quador. 34 4
1 per Ot. Geenetik_l6 17
LATEST roast

.1 4 14 1/

......506 nigh= Lowest Closing.
- —,
3 par CelliA. .
53 93 35 RO 36 0 55 AO 59 95
3 per Cents.
4 per ern=
45 do. SSA, D 5.5, ... I ... ... ... ... ...
3 par Oro e.
...
Exchange= London: sleight, 25; 90 days, 20 AU.
Bore 3, 1649
3, 1642
Os 45
1, .4. 25
Pie Lewd 5 p.Ct 1349 92 50 I hank Ohara
- -- --

roam:

PARIS, Joss 2',

3 13 34
4 16 43
4 9 94
3 3 1

4 6 II

1 FUNDS.
5 ler CL Mexican. 541 i
46
Ditto D per CL
efePerr ruvial
n, all Di
al. 4 1
5 par Ct. Pertuguene• 85
5 per CL Rumba, 115 1,.
ft per Ct. FtiandiraL DA Et
6 per Ct. upanian. :Imre, 161 t
3 per Of. flpanDh. 401 t
De. Pa.stre, M 6
24 per Ct. Venexue
1331{
Dn. likferred, 11
N NICHANUES.

For Aoeeunt.

For
Koury.

.. _
re.lllB, Jusr. 23.—Versaille6 (right hank), 265; ditto
('.en oak), 236 23; Paris mid Orleans, 47 SO; Paris and Rouen,
643 60; Hawn and Havre, 442 50; MaratiOrs and Avignon 215;
Sten/loon and Bale, 150; Notre. 133; Orleans and Bordeaux,
328 75; Noetbern, 401 15; Pavia and Strasbourg. 368 73; Tours nnd
Singes, 373 30; Mootrreau and Troyer, 120; Dieppe and recArnp,
20330; Bordeaux andante, 53. _ __ ... ___

VIEY`I A, JuNE 21.--Five per Cent. Metallignos, 951;
Four-and-a-lialf per Cent. ditto, 83 ; Bank Shares, 1238;
Exchange on London, 12.22.
MADEID, JUNE Di—Three per Cents., 37; after Bolsa,
37 paper. Four per Cents., 141. Fire per Cents., 161 ;
after Bolsa, 16: paper. Coupons, 81 ; after Bolsa, 81 cash,
81 paper 7 1-16; after Bolsa, 7 1-32. Baulk
cf St Ferdinand, 100 paper. Exchange on London, 51.

COMMERCIAL AND MARKETS.
MINCING LANE.-TIIIS DAY.

Srnkn.—The market has opened with a firm appearance.
The public sales have gone with spirit, at fult prices to lid.
advance. Refined steady, at last week's prices, and the
market is rather bare of goods. Grocery lumps, 475. to
495. 6d.

COFFEE.—A small public sale of 60 casks of plantation
Ceylon found free buyers at a shade advance, chiefly 60s.
to 325.
TE.A.—Common Congou continues in good demand, and
prices are a shade in favour of the sellers compared with
last week.

SALTPETRE.-I,7oobagn offered in public gale, and nearly
all bought in at high prices. Refraction 6to 12, sold at
26a. to .7s. 641.; refraction 11 to 51, bought in 295. to 29g.6d.
Rtes.-3,700 bags 'Bengal were offered in public sale;
about one-third was bought in, the remainder sold at full
prier, 95. to 9s. 6d ; broken, Bs. fnl. to 9s.
l'imaNro.-250 NT sold steadily in public sale at pre-
vious rates, 40. to 4 d. per lb.
Rum remains stew y.
COTTOW.—The market continues inactive.
15;ntoo steady, 13,000 chests declared for the next
quarterly gale.
In other articles no material alteration, but there appears
to be a stronger tone in markets generally than fur some
time past.