The Sun.
London, England, 1839-01-12 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OF THIS DAY.)
C HRONICL E.—Consols have advanced to 941 to O,
which is an improvement of h- per cent. since yesterday, and
left off very firm. In other respects there is no change in the
English Stock Market. Exchequer Bills remain at 66 to 68
prem., and Bank Stock at 2021 to 2031.
In foreign securities there has been very little going on, and
the qn,tations are much the same ; namely, Spanish Active,
17h to O ; Portuguese Five per Cents., 33 to 1; ditto Three
per Cents., 21+ to +- ; Dutch Five per Cents., 102 k to R ;
ditto Two-and-a-Half per Cents., 544 to 3- ; Belgian, 99+
to + ; Brazilian, 774 to 78; Colombian, 27+ to 28+ ; and
Mexican, 241 to 3.
Shares are also without variation, and do not furnish matter
for remark. Birmingham (old), 77 to 79 prem. ; ditto (new),
24 to 25 prem. ; Southampton, 40- to 451 per share; ditto
(new), 124 to 203- prem. ; Great Western, 14 to 15 prem. ;
Leeds and Manchester, 19 to 21 prem. ; Brighton, 3+ to 3 dis.;
Blackwall, If to 1+ dis. ; Gosport Junction, 1+ to 21 prem. ;
Midland Counties, 16 to 15 dis. ; Birmingham and Derby, 9
to 8 dis. ; Glasgow and Greenock, dis. to prem. ; elas-
glow and Ayrshire, 3 to 2 dis. ; South Eastern, 6 to 5 dis. ;
North Midland, 3to 4 prem. ; and Greenwich, 161 to 17 per
share.

TIME S. _Much curiosity has attached among commercial
men to the first sale of the specimens of Assam tea imported
by the East India Company from that part of the British ter-
ritory where it is expected that its cultivation and preparation
may take place to such an extent as in course of time to exclude
the Chinese from the market, and make the article itself one
of British colonial produce. The quantity imported has been
small in the first instance, not exceeding eight chests of about
801 b. each, and the more immediate object of the sale was to
determine whether the Assam tea would command such a price
here as to make it worth while to commence the im-
portation on a larger scale. The result is a remarkable
one—for so much beyond the possible real value of the
commodity has been obtained, great competition taking
place for it as a curiosity in its kind, that no criterion is
afforded of what it may fetch when it comes to be imported
in larger quantities. There were two descriptions of tea, one
one of Souchong, the other of the Pekoe description; the first
produced from 16s. to 20s. the last from 265. to 345. the pound
without duty ; while the usual tea from China is selling at 2s.
the pound or under, without the duty. The preparation of the
Assam is attended with so little cost, that it may be delivered
at Calcutta for export to Europe at Is. the pound or less. As
an ingredient in the commercial prosperity of the country, the
importance of this new sphere of action for it is hardly to be
prized too highly.
The funds displayed rather more firmness to-day.

PO ST.—Consols opened this morning at the closing price
of yesterday ; subsequently they advanced A- per cent., and
at the termination of the day's business, they were quoted,
for the opening on the 16th instant, at NI to Exche-
quer Bills left off at 665. to 68s. premium, and Bank Stock
at 202- to 3.

Thee was but very little doing in the Foreign Funds. The
Paris letters state that the Spanish Securities continued to
sell in that market at the late advance; but there will in all
probability be a re-action as soon as it shall become known
that a corresponding rise has not taken place on this side of
the channel. There has been so much trickery resorted to
in order to force up the market value of both Spanish and
Portuguese Stock, that we are strongly inclined to suspect
the late operations at the Bourse are of English origin.
We have no fresh movement in the Share Narket to re-
port. The days transactions were again guile inconsider-
able. Great Western Railway were sold at 144 to 15 prem.,
London and Birmingham, 78 to prem.
There was no alteration in the Foreign Exchanges to-day,
except in the rate on Antwerp, which was rather more in
favour of the drawer. Paris was quoted 25f. 50c. to 55c.,
flamburgh 13 9 to 4, Amsterdam 12 3-1- to f, Frankfurt
1504, and Antwerp 12 11-.

HERALD.—The establishment of two Joint-stock Bank-
ing Companies has been announced to-day ; their importance
we do not mean, in words, to question, seeing that a goodly
set of names has been attached to the respective prospectuses.
It may, however, be necessary to state that neither of the pro-
spectuses thus issued have any reference to the Commercial
Bank of London, which will shortly be in the field under
auspices that will enable it to become the rival of the self-
styled establishment called the Bank of England.
Money for commercial discounts has lately been readily ob-
tained at tho rates of discount to which we have lately referred.
In the continental exchanges there has not been much altera-
tion, but on Paris and on Frankfort they have been slightly
lower. The following are the rates :—On Paris, at 25f. 50c.
to 25f. 54e. ; on Amsterdam, at 12 31; on Rotterdam, at
12 31 a :V; on Hamburgh, at 13 81 9+; and on Frankfort, 150.
Advices have been received from the Cape of Good Hope
to the 4th of November. They do not add to the information
already received from that colony respecting the north-eastern
frontiers.

It appears, however, that the merchants of Graham's Town,
encouraged by the increasing prosperity of that station, had re-
solved to establish a bank, to be entitled the Graham's Town
Bank, which appears to have every chance of success, although
it cannot be expected that it will rise into prosperity all at once.
Beyond this circumstance we do not find any news of import-
ance from that colony.

MILITARY INTELLIGENCE.—Previous to the
36th Regiment leaving Barbadoes for Halifax, Nova Sco-
tia, Lieutenant-General Sir Sanford Whittingham issued a
general order, congratulating the officers on the high state
of efficiency in which that regiment was about to proceed
to America, and on the healthy and steady appearance of
the rn,n. Sir Sanford Whittingham was about thirty years
ago an officer in this regiment. The 36th arrived at Hali-
fax in her Majesty's ship Hercules on the Bth of December.
A piece of plate, valued at 1.50 guineas, has been presented
by the gentlemen cadets of the Woolwich Academy to Dr.
Gregory, Professor of Mathematics, on his retirement from
that office. 'rho circumstances of the presentation must
be the more gratifying to Dr. Gregory on retiring from
his long career of official duty, as this is the only
testimonial of the kind which has ever been presented
to a retiring professional during the existence of the
Academy. The Linterick Chronicle asserts that the depot
s)stem in Regiments will be broken up in the course of
the year, and no reserve held beyond the staff actually
necessary for recruiting. This reform will diminish expense,
and remove a fruitful source of complaint and dissatisfac-
tion in the army. The 36th Regiment, on landing at
Halifax from Barbadoes, received orders to march to New
Brunswick to replace the 11th Regiment, which had gone
to Canada. The 15th Hussars, now in Glasgow, have
received orders to prepare for embarkation to India in the
spring, to replace the 13th Light Dragoons, ordered home.
It is very generally rumoured in the best informed military
circles, that each regiment of the line is about to be aug-
mented to 1,000 men.

SHEEP, SHEPHERDS, AND PICKPOCKETS.—
Amongst the advertisements in the Australian News-
papers we observed one sale of 20,000 sheep, another of
10,000 ewes, and another of 15,000 sheep. In the latter
sale it is intimated that the shepherds will be assigned over
to purchasers in proportion to the sheep they buy. The
shepherds are most of them gentlemen who formerly dis-
tinguished themselves in the science of picking pockets.
For a long time the authorities in New South Wales were
utterly at a loss what to do with these gentry—their fingers
were so exceedingly light that they could be turned to no
profitable account. At last one of the more experimental
governors bethought himself of trying how apastoral lire
would suit them. What analogy there is between keep-
ing sheep, and picking pockets we know not, but it is cer-
tain that persons whose earlier years have been devoted to
the latter occupation make most admirable shepherds.
SWAN 1 VER.—From the Hobart Town Journals
received by her Majesty's brig Beagle, we learn that Sir
James Stirling, the Governor of the Swan River Colony,
has announced his intention of proceeding to England in
the course of a few months. The Legislative Council
has adopted vigorous measures for the introduction of
labour ; 1,500/. being set apart for that purpose ; 1,0001.
to be expended in the introduction of labourers from
Europe, and 500/. in bringing Hill Coolies from India.
Lieutenants Lushington, and Grey have, as might have
been an icipated, abandoued their expedition into the inte-
rior of New Holland. The former has been dangerously
speared by native.—Sydney Gazette, July 24.