The Express.
London, England, 1851-01-24 00:00:00

MONEY MARKET.

THIS DAY.

Two o'CLocc.

Business in the home funds has been quieter to-day,
but notwithstanding the comparative paucity of trans-
actions, the market is characterised by much steadi-
ness, prices remaining quoted as at the eo e cf
business yesterday.
Consols have been quoted all day without the bast
variation, at 96 to # for money, and 961 to 1 for the
12th Feb. Ia this stock and all the other home
securities the transactions have been upon a moderate
scale only. The prices of business officially marked
I are: Tares per Cent. Consols, 961, I; ditto for
account, 961, Three per Cent. R tweed, 97k, 1.
New Three-and-a-Quarter per Cents., 981, /. Long

Annuities, 1860, 7 13-161 ; ditto, 30 ieirs, 1869,
71 9-16. Bank Stock, 2141.
Exchequer Bills are in better demand to-day, at a
rise of ls.; the 1,0001. arid small bills have been trans-
acted at 60s. and 575. prem. Icdia Bonds, 1,0001.,
mark 68s. and 70s. prem.; ditto, under 1.0001., 725.
premium.
The market for the foreign investment is extremely
quiet, but prices are sta= whilst the South Ame-
aleausasenritise are y trite firmer. The
Lodes reporited are limited to :—Belglati Four-and-a-
Half per Cents., 401. Two-and-a-Half per Cents.,
Dutch, 671 ; ditto Four per Cent. Certificates, 90,1,
911, 91. Mexican Bonds, for account, 331 ex div.
Peruvian Four-and-a-Half per Cents., for the 31st,
78, 78. Russian Four-and-a-Half per Cents., 961;
ditto small, 961. Spanish Peruke Bonds, 3:.

Yesterday the tenders were opened at the Treasury
chambers for the British Guiana Four per Cent. Loan
of 70,0001. The Rock Life Assurance Company
offered 105 for 65,00 W., and • private individual 106
for 5,0001. The terms are good, and the stock is not,
' therefore, likely to corns into the market.
An exuaordinary general meeting of the pro-
prietors of the lonian Bank was holden this day for
the purpose of electing a director in the place of S. W.
Cattley, Esq., deceased, when Isaac Carr, Esq., of the
6rm of Cattleys and Cur, was unanimously elected.
No discussion took place, other candidates having
withdrawn.

The amount of bilk drawn by the East India Com-
pany on the respective presidencies of India, from the
7th to the 23rd inst., is as follows:
A Rates of &change.
Bengal 114,174 I'" Id. pi. Co row.
Madre.
Bombay 43121MS b. I+a. pat ditto.
Total 141,113

The accounts from South America are looked upon
with deep interest here, for besides commercial rela-
tions of an extensive character, a large amount of
stock is held here, for which considerable dividends ,
are remitted. At the present moment all the southern
commonwealths are in • most unsettled state, and war
is brooding in several districts.
1 De news from the Peruvian silver mining districts
is important, as announcing a large reduction in the
price of quicksilver, in anticipation of Californian
supplies of that mineral, indispensable for the reduc-
tion of silver. The price of silver in various states,
as bar and pine, is firm, but there is no advance.
Information from Peru states that Chula, in the de-
partment of Ayacucho, is authorised to be • minor
coasting port, with the right of exporting agricultu-
ral produce, mineral ores, and other national produc-
tions, and to import in Peruvian vessels foreign mer-
chandise. Foreign ships may go in ballast to Chas
and ship produce. A custom house has been accord-
ingly established, but at Atiquipa instead of Chalk I
as the latter is unhealthy. Whaling vessels are al-
lowed to enter ior provisions. Another establishment
is to be formed at Tanaca, close by, which is consi-
dered a better barb.ur. The Peruvians have en-
gaged in whaling themselves.
Advice' from the Pacific report that the French
continue their preparations for making Tahiti a great
commercial etarept;t. A pier is in active progress,
and a complete establishment is formed for the repair
01 large vessels. No one in the Pacific seems to have
confidence in French management.
The accounts received tram the mining districts of
Copiapo by the Trent ate of • satisfactory character.
The produce of thee. silver mines has wonderfully
increased since 1824. In that year the total amount
obtained was 310 pounds weight ; whilst from 1829
to 1831, the annual amount was 3,000 pounds.
In 1832, the discovery of Cbanarcillo poured
forth the unexpected amount of 16,000 pounds, and
for three years consecutively from 40,000 to 45,000
pounds per annum were brought into the market.
For a time, however, the riches of Chanarcillo in •
great measure disappeared, and in 1836 the amount
dwindled to the sum of 8,500 pounds; but the steady
prosecution of the miners' labours was soon rewarded
by the production of 19,000 pounds in 1837, and 31,500
pounds io 1838, inducing many persons to turn their
undivided attention to mining operations. In 1849
the large quantity of 51,500 pounds was the result of
more minute investigations; but 1840 saw nearly as
great a diminution as that of 1836, the total quantity
produced being limited to 9,500 pounds.
Since 1840, however, the produce of silver has
been steadily increasing. In 1841, it was 41,056
pounds; in 1842, 41,420 pounds; in 1843, 39,699
pounds; in 1844, 61,497 pounds; in 1845, 76,723
pounds; in 1846, 80,397 pounds; in 1847, 102,052
pounds ; in 1848, 130,552 ponds ; and in 1849, the
produce amounted to the largest amount yet known,
being 171,119 pounds. The year 1850 will appa-
rently fully come up to its predecessor, as no less than
167,172 pounds, worth 670,0001. sterling, being the
result of the working of the first ten months being just
advised. Projects of general improvement, more espe-
cially those for affording additional facilities in the way
of intercommunication, are stated to be vigorously
prosecuted. The railway from Caldera to Copiapo is
advancing rapidly; the first cargo of iron had arrived
at Caldera. The town at this latter point has been
planned out, ai.d the plan approved by the 'stan-
dout..
News as to the Spanish mines at Copiapo is that
Valenciama and DeWitt continue enormously rich.
Tree Poems of es are very good ; Retamo is re.
turning great quantities of silver to its proprietors.
A remittance of silver (about 2,0001.) may be
expected by the next mail.
The Copiapo Mining Company have received advice,
dated Copiapo, Nov. 26, 1850. We subjoin extracts
from the mugger's reports :
Chico Copper mine.—ln the 30, lode is large, giving rich
"Vns of copper ore, and bias lair to lead to a good bunch ;
20, lode is also large, having a branch of from 18 to 20 Melee
wide, of superior class ore. The scopes continue to yield
well, and the prospects are improved.
Bea Pedro.—They have commented Moping away the
backs during the precept month ; these mopes have continued
well, sad at present them is a branch 12 inches wide of 30
per mat. ore.
La Ceeepsoia.—ln the winos in the bottom of the 10, lode
L large, producing some good quality ore, with • prospect of
improving es they get further down.
Le Tieyna.—ln the shaft, the lode continues to improve se
they proceed in depth, and they expect to have here one of
the Wilt courses of ore in Chili. When this shaft was cot
menced, the lode was Emposed of gamin and crystalised
Iron, with now and then • stone of ore ; at present the peseta
Is passing away, and there are rich deposits of 60 per cent.
ore ; and at every (atoms they expect to come down upon a
bed odors.
San Agustin.—ln edit west there is a very large lode corn
posed of a-emu, with • branch on the north wall 18 inches
wide of 25 per cent. ore.
San Carlos.—ln this mine the operations have been con
fined to driving two upper and lower levels, in each of which
thus is a large lode producing a small portion of ore. Produce
Ifor October Cbeeo, 26 tons; San Pedro, 10 tons ; Lt CO•i•
rals, 10 tons; La Reyna, 8 tons ; ihn Agustin, 9 tone.
At Fia Hallada silver mince.—ln the 6, lode fs from 1
foot to 14 inches wide, producing ore of about 200 mum the
akin (1301 per ton); 10, lodm 2 feet wide, and although
not broken down, has the sppeameca of being very nen;
15, lode is also 2 feet wide, a very good branch of ore-1
20,
lode is split into branches; and in the 25, there is a 'good
lode 18 hitches wide. In each of the chifions below the lode,',
although act rich, is locking well, and at every breaking
expecting a film course of ore. In the labor to the north,
lode is still large. ens foot of which is ore of good quality.
The adjoining fans named " Brlva.lcra," whose riaeep..4
multiage arisnot are 5 tathoms frost this, is raising Nine
beautifsl ore of • very rich character.
Aereeditas.—ln the 2.5, lode is 16 inches wide, composed
of apex and soft prima, giving now and then a small portion