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

ing dealers. The rapid increase of bullioa also in the
Bank of England, has contributed to =maw the san-
guine spirit of the market. On the 16th December, 1849, the
total amount of =tea treasure in the two departments of I
the Bank is returned at 17,000,0001. This is the highest'
amount which has ever been held at one time in the posses-
sion el the Bask of Bagland. On the 29th August, 1846,
the total reserve of hellion was stated at 16,366,0001., and
that was the bighestsura previous to the present month. It
is not improbable that in consequence of the arrival of large
remittances known to be in course of transit, the tots 1 me-
tallic; reserve of the Bank may exceed 174 millions sterling
oa the last day of 1849.
In the money market the fluctuations have not been ca-
tenate. The Bank minimum rate of 24 per cant. per
annum for three mead's, restrains the mercantile rate out of
doors to something less; and we believe that during the
mouth the current rates have ranged from a small fraction
under 2toal or I above that figure. There has been • fair
meant of business • sad money at call, at 2 per cent. per is
annum, hen been taken to some extant.
We referred last month to the partial re-appearan:e of IS
some of those evidences of uneasiness among the owners of SO
large capitals, which seem to be quite inseparable from si
periods of a low rate of interest ; or, to use the common but
much lees mutate term, during periods of cheap money. 20
Duuriog the last few weeks we have been sorry to observe 131
that these symptoms have become more distinct and decided; 20
and we believe we are not overstating the fact when we ray ro
that a speculative spirit of considerable hardihood has steady 20
=tailgated itself in the market for colonial produce. Hp
• • • It is p ,ssible that the speculation may tai
stop short at the legitimate point, and that it may extend Ds
only to those commodities which are fairly within the in- 61.
flaence of causes calculated to increase their price as articles 1231
of isensumptien—we 5k7 at articles of consumption. It the po
variations of value, anticipated or actual, are to proceed on 15
any other basis than the supply and the consumption, all 50
rsuosable calculation is at once at an end, and the market 25
is no longer a market for produce, but an exchange, on which 18
men with the most atones and the strongest nerves give the st
law for the time. Our duty in this place is discharged when io
we have pcsiatad out these fasts and reminded our readers
that, of eU the mammon and Mandan/ enterprises Into WI
which men ma enter who have not been educated as praetlcal se
merchants or broken, there are none so deceptive =deo fatal, g
surrounded by temptations so dueling, and reverses so sud-
den and so disastrous, as speculations to produce. 25
Antwerp advioee received to-day mention that E
coffer continued to manifest an upward tendency, and '2;
that during the week 4,500 bags, chiefly Brazil, bad 25
exchanged hands at the highest market rates. The
imports for the past year amounted to 294,368 bags, fit.
being about 35,000 below the average of 1848 and 25
1817. The stock on the 31st December was g
78,500 bags, being 26,000 bags lees than 1241
the average of 1848 and 1847 at same date. Sugar 14
was without demand, but the prices nevertheless so
wire maintained. The sales of the week amouLted 100
only to 620 ly.x. a Havannah at 12i to 15} fl. The so
total importations during 1849 amounted to 199,055 15
, packages, the greater part Harannah descriptions, 1111
being en increase of about 52,000 packages over 1848, 25
and about 22,000 packages over 1847. The stock on V
the 31st Dec. was 37,575 packages, against 16,475 in so
1848, and 33,450 packages in 1847 at the same date. 25
Cotton was firm, and 1,300 bales had been disposed 154'
of at improsed prices. The market for this staple is tsl!
yearly becoming more important, as will be seen by iao
the augmentation in the imports, which for 1849 were toe
78,742 bales against 38,393 in 1848, and 39,604 in ..so
1847. The stock on hand at the end of the year was r,
only 9,713 bales, from which may be inferred how 32
mach the busiueu in cotton has increased the last I:
year. The trace in hides also exhibits a rower al so
increase; the imports in 1849 were 819,136 251
pieces, against 588,504 in 1848, and 675,431 in 1847. to
The stock on the 31st Dec. was 77.434 pieces agaio.t se
132,032 in 1848. and 182,207 in 1847. The market
20
for tobacco was very firm, and during the week 636 2u
packages of Ohio had been disposed of at full prices. i2i
The stock on the 31st Dec. was 1,252 hhds. against 1111,1
2,203 in 1848, and 4,117 in 1847 at same date. The se.
stuck of p pprr was about 4,000 bags against 10,80.3 9
bags in 1848, and 13,500 bags in 1847 at the end of so
December. In other products there was compare•
Lively little doirg, and the stocks on hand presented
no material variation from the average of the two la
previous years. The exchange on London 25.47 if.
short.

--- --
nusuli irrocm—bx. 1. St.
3 per Cent Con..ols for *peeing 96i 1
40
30
$j per Cent. Stock 361
Bank Stock
Dublin and Kingstown ltidL (1004. paid( 132 zo
Iltd. Gt. Wt. and 111. Canal Company (471. lus. midi $3 18
51011.4N0104 AND STOCKS ABROAD. WO
Minim, Dec. H.—Voluntary Loan, 1084. National Debt, 36. LS
Bank Shares, 94. COMONICIIII Marine Society's Shares, 104. You& .o
and /harm One, and much hisidnew done. 12

THIS DAY.

Two o'CLoci.
After the regular hours of business yesterday, and g
the closing price of Console had been officially se
declared, business was continued by the dealers, _Bl-
and the price of Consuls attained 961 to 'B7.
ex dividend for the opening. At this quo- 130
tation the market opened to-day, and Con so
-
sole have remained steady at that figure up to the et.
present time. The Three per Cents. Reduced mark lon
96Z, 1, and last 97. The New Three-and-a-Quarter per
Cents. were done at 981 and Exchequer Bil:s are 23
steady, at 584. and 61s. prem. Bank Stock marks iq
2031 and 2041.
The dealings in foreign stocks have been an. 2:
important this morning, except in Peruvian, which 50
have been extensively done at a considerable im-
provement in pike; they were last marked 611. dtk
Spanish and Portuguese stocks are also firmer. Is
Mexican were at ote time buyers at 291, and are 1:1
now quoted 29 to 1. The business consists of: s
Danish Three per Cents., at 73. Grenada, at 163. so
Mexican, at 29 and 1. Peruvian Four per Cents., to
1849, at 61, 60, 3, and last at 611. Portuguese Con- so
vetted, at 361 and 37. Five per Cent. Spanish Ac-
ttee, at 191.

ENGLISH FUND!.
Hank Stack. 213 I 3 per Ct. Cie. Aes.,tl6#
# far Ct. La Anna. 161 7 3* per Cta. #
11 per Ct. Coa. Anna. La.:begun, Bib& ka to da.

-
FOREIGN FUNDS.
3 par Ct. Austrian Bonds. 1 per Ct. OrenaJa Ede.. 16 4 30
44 pre Ct. B&B Bond.. 87 0 Grenada Deftired 11.6.. 34 4 10
64
eL IS par Cl. per Ct. Bea.. 1644. Mi 4 10
I per Brazilian Ads.. 4 6 K toT Ct. Pei lan &Is.. 61 2 SO
Pitt. New. N II Portoqueoe CV.... 369 79 20
4 per Ct. Rumen Amer. 433 pm AW et Ct. ura. s.. 111
Ditto Milian 11d.5., te 106 titto ripaulab lid., 19* 9 23
Ditto Columla DeL &la, 3 per Cl. Spanish We. ni I az di,
Columbian Bromic? Pd ..344 4 Spanish Deferred lid...— 10
per Ct. Danish lids., 434 Ditto Pamirs Ma. 3j 44 SO
29 per Ct. Dutch Brit.. 53 7 per Ct. Venezuela WK. 21 9 23
4 KCt. Butch t erns., es II Veoesuela Deferred Edo.. 94 94 se

MINCING-LANK-THIS DAT.

SVOLIL —The market cqutieues very firm, although not
active, and importers pretty generally bold fur higher prices.
The public sale of 600 hhds. Porto Rico was chiefly with- 25
drawn above the market value. The part sold was at full
prices. The refined market steady ; grocery lumps, 495. 6d.
to 61s.
COPFSI.-2,300 bags Costa Rica sold freely in public sale, q
at 2s. advance upon the pricn at the close of the year, chiefly
fins fine ordinary, 565. to 671 950 bags plantation Cer lon ;0"
&so sold at full prices. Good ordinary native Ceylon firm, sr
at 55e 6d. to 565.
CASSIA LIONIA.-100 boxes soli at 2.. advance, 102.. to Se
105 s. ; inferior, 975.
TEA continues in good demand, and importers have be- ,50
come reluctant sellers. Greens are on the advance, and me w
dium Cougoua have been operated in. Ccmozon Congou,
Is 91d. to ls 10.1. 20
In other ankles no material alteration, but there is a 20
general disposition to buy. and several articles of the dry- 20
20
ealtry trade show an advance, with a good demand.
90

TALLOW MARKET.—THIS DAY. so
The market is quiet to-day both on the spot and for 30
delivery in February and March, with cot much disposition
to purchase. The quotations are as follow Petersburg
Y. C. on tho evt, 38s. to 38g. 3.1. ; F,bruary to March,
38s. to 38s. 3d. ; October to December. 395. to 39h. 3d.
TALLOW IMPORTED INT() LoNDON.

Pron4Blllklema,
,stra.l 1400114 810436
Peteml 1.8238- Au
I us. ;Amnia, AWACS
bum !ros, for - -
1143 37248 84;35 164 12141 2090
1644 31112 79,7 4006 11631 3347
1844 34728 4432 12682 9006 1338
1848 384139 8860 1 3213 903 976
1847 62932 12189 ' 6'02 4320 643
1848 70910 9214 13323 13722 93
1849 46772 4271 19744 23390 164

Other
place&

6)10 177306
2987 MOO
2776 ' 83763
1793 74264
"IS 89814
3613 113171
1371 1 97133

SMITHFIELD H AY-MA RICE r.-THIS DAT.
Mesas. Coop,' add Davis report the following prices:
Prime Meadow Hey, 86s. to 750. ; inferior do., 66e. to 63.. ;
Roan, 60e. to 601. ; Clover, 60.. to 851 i. ; Straw, 241. to 28s.

TORK. ✓an 1.
theca Exonamos.—Great Northern, 71 II; Midland,
44k; Tart, Newerseta, sad Berwkit, IV.

BIRMINGHAM, Jars 2.
IFT001•BICS•14011 —Tbis market mar heist at the early
pat: of the day, aad priors had an upward trordeuee, but they &-
sum; towards the does. Idolised six per anti. were done at 12Si
I ano aegth Otaindskire N. Si. N. dlr.