The Express.
London, England, 1849-08-21 00:00:00

limited to the local wanes.

Mauritius advices are to the 22nd June. A few
parcels of the old crop of sugar remained on hand,
and full prices had been paid for thoso lately sold.
The total e`elimente to the 19th Jane amounted to
102,102,472 in. egainet 109,986,9151 U. at the lame
time in 1848, and 130,408,9691b5. in 1847. The
quotations of ngar were as follows :-Low brown to
middling brown, 3 dole. 25 c. to 3 dots. 85 c.; low
grey to good grey, 3 dole. 50 c. to 4 dole. 90 c. • low
yellow to middling, 3 dole. 60 c. to 4 dole. Lo c. ;
good yellow to fine, 4 dole. 75 c. to 5 dole. 50 c.
The principal holder of rice had booght up
the remainder in the market, about 15,000 begs,
and also put of the limited supplies expect. d. The
selling price of the holder was 3 dole and a further
rise was expected, as the stock in the whole colony
was only about 70,000 bags, 55,000 of which were in
the bands of the speculators. Coffee was quoted at
from 9to 10 dollars. Freigh:s to the United King-
dom were from 31. to 31. 10s. Of bills there was a
great scarcity, and 5 and 6 per cent. premium had
been paid for Commercial Bank and private drafts at
90 days. For East India Company's paper 51 cents
were asked. Treasury Bills were at from 9 to 10 per
cent., and sovereigns at 61 per cent. premium.
With these rates ruling, specie was resorted to, both
in British and French silver, for remittances.
The local government of Mauritius wee in treaty
with the Commercial Bank to establish a new system
of currency. The arrangement proposed is similar to
that which exists between country banks and the
Bank of England. The substance of the proposed
plan is as follows :
1. The Commercial Bank to give up the right of issue,
and receive an advisee in government notes to the amount
of 100,0001., for which either Indian or British securities are
to be given'for the fall amount.
2. The &ale to receive interest on securities, and pay •
lower rate of interest for the government advance.
3. All monetary transactions-payments aed receipts-to
be mode through the bank.
4. The bank to enjoy the advantage of a balance of govern-
ment money to the amount of 20,0001. without interest ; on
any further sum interest is to be paid.
5. No mi urity will be required for the government balance.
6. Reports of the position of the bank to be published
monthly.
The.Erpreos of this evening gives a summery of the
news receives from the United States and Canada by
the steam-ship Europa, transmitted by electric tele-
graph from Liverpool. The letters and papers have
not yet been delivered in the City.
We make our usual quotation from the Mining
Journal:-
The amount of beldame which has been dons lately, and
the expected advance in copper end tin, have given a tone of
firmness to the mining shire market. The constant inquiry
for dividend and leading mines is strong evidence that the
mining interest is not likely to be so disregarded as it has
hitherto been.
la Tincroft there has been some considerable business
done since our last, the reports from the mine mole than
confirming the discoveries referred to in last week's notice.
Treleigh, Trelawny, Bedford, and East and South Tamar,
have been in request, and business dons. In the latter, a
large number of shares have changed hands at an advance.
Inquiries are also being made for East Wheal Rose, North
Pool, South Banter South Francis, sad Wen Caradon. In
Kispett and Bedford some considerable improvements are
said to have been reported, and shares have found buyers.
A requisition for convening a special general meeting has
been signed by several adventurers. North Rcekear, Com
tort, Treviakee and Barrier, and West Cusdon, are among
the mines lately represented as improved.
Shams in the following miss. have changed bands since
our last, viz. :-/Last Wheal Rose, 'Devon Great Consols,
Trelawny, Treviskey and Beerier, South Blunt, Tincroft,
Bedford-finite& Mary As., Treleigh, South Tamar, Tre-
gordea, East Tamar, Tamar Console, Esgair Ides, Welling-
ton, South Tolgus, West Providence, Trehane, Kingsett
' and Bedford, he.
Wheal Mary Ann adventurers audited their amounts for
Mara, April, and May, on the Bth inst., showing a profit of
81171. lie. on Ohs three months' workings, which, with the
lance left frogs last amount, carries a credit of
11,0171. 19.. Bd. to the neat meeting, when a dividend may be
Aptly expected. The mine is now represented to be in a
better position than hitherto seen, and capable of returning
65 to 70 tow per month, and, from present appearances, may
be considered a permanent and paying mine.
Wheal Trehane two-meuthly meeting was held on the 9th
inst. The accounts for March and April show • balance in
favour of the adventurers of 6471. 13e 9d. A dividend of
30s. per share was declared, and paid forthwith. We learn
that some new steam machinery is about being erected,
foe which a reservation has been made in the funds. The
agent's report represents the mine in a very favourable posi-
tion, and operations progressing towards some very import-
ant points. A parcel of about 131 tons was sold on the 10th.
The Wellington Mines bi-monthly meeting was held on
the 10th; the Wanes is favour of the mines amounted to
4481. 15a. 3d. • a dividend of 11. 10s. per 266. h share was de-
clared for Mirth and April, leaving &balsam of 641. 15s. 3d.
to next account. The agent reports the lode productive in
the 82 fathomlevel especially, which is the deepest level, and
there is every prospect of the course of ore holding down.
The Alfred Consols adventurers met on the 10th, and
audited the accounts for February, March, April, and Key;
the division of loss for the tour months amounted to
11.1 s. 2d per 1,024 th share. Ths mine is represented to
have considerably improved sine, the last meeting.
Mayen and Bedford meeting was held on the 6th, when
the amounts for April, May, and June were read ; the state-
I shows • balance of 51. 2s. 7d. against the company, to
meet which, and future operations, a mil of tes per share was
made, with a sanction for the committee of management to
make a further trail of be., should it be required, before the
next meeting. The agent's report is highly gratifying;
exclusive of the course of lead which they are now working
soon, several improvements were anticipated, which we
learn bars been realised since the meeting.
Vincent meeting was held on the Bth, when the reports of
several agents were read, confirming the opinion of and the,
mode of operations adopted by the managing egoist as being
the most satisfactory towards bringing the mine into a pro-
Stable position ; the statement of accounts was satisfactory,
and a call of 10s. by two instalments made, which will fees
the mine from all liabilities.
Wheal Tregorden account for April, May, and June, was
held on the 9th ; the accounts showed a balance of
1421. 16a. 10d. against the mine, and a call of 10s. per share
was made. The mine has much improved since the last
account and continues to hold out prospects of further and
Immediate improvement; the lead raised here is unusually
rich for silver, averaging 271. 18e. per ton.
In foreign mines *ere has been a fair proportion of busi-
ness done. United Mexican has been is demand, and several
transactions closed. In Allen, Copiapo, St. John del Rey,
end Australian, buyers have been found, and bargains
effected.
The speech of the President of the Mexican republic mint
be looked upon by the English creditor as highly satisfactory,
not only to the bondholders, but also to those holding ohms
in mining companies having claims upon the IVY( rnmeht
The United Mexican Company being creditors to the amount
of 350,000 dole., for sm ral years in abeyance, have now the
certainty of its immediate liquidation. This debt had
abeady been admitted by the Mexican pnvernment, and a
commission hated acme time ago to examine and arrange
the means for its final discharge, and the present resolve of
the government at once terminate the labeurs of that com-
mission.
Letters have been received from the Imperial Brerlian
Mines to June 4th. The gold return, irsirn the 24th May
to June 2, from both mines, is reported at 10110. 4-x. 101wts ;
the total, from January lit, 1661 he. 7. ss. 16dvti. Gongs
Sao presents nothing new. At Btßilllal the bit pump VOID
appears to be the only returning point, until new On!, in
clearing out some old workings, they find the Magellan lode
productive, and some good work is being returned.
Letters from the Guadalcanal minis have been received
dated 3rd August, which advisesthe progress of operation.;
generally the engine works well, and the water in fork to
the 62 f.. level. The lode in a wines in the 31 fm. level
(Pon Rico shaft) is producing some good work.
In a recent number we stated that the water in the Linares

load mine was down 18 fins. in the shaft, and that, cense-
queatly, the 15 fm. level was clear; nothing, of course. in
the shape of ore was expected to be Lund in this level, but
its condition, and the traces of the ore work, d away by the
Spaniards, would enable the company to form a good Judg-
ment of the suture sad quality of the lode in the lower
levels still unwatered. Is a letter from the =waging agent,
dated Aug. 2, he says, " Capt•in Curry went down to the
first level of the mine on Monday, principally with a view to
erring. with the pitmen some necessary k ; while there
he broke some fioe stones of lead ore." Be rep 'fled the lode
as one of a very fine character, where it is left standing, but
that the old workings are very extensive, and, conerquently,
bat little comparatively can be seen of the lode. Th, erec-
tion of the engine cafe., is proceeding with great rapidity.
The coinage at the Philadelphia mint during the first Rix
months of the present sear wan 2,999,774 dole., of which
2,37.1,379 dole. were in gold.
The vessel, Angelina, just arrived in the docks from Can-
ton, has brought 21 cues of specie. The William Stewart,
also from Canton, has brought one b..x of gold dust, and two
boxes of treasure addressed, and seventy-tour bcxesof treasure
consigned to order. The v, uel, Iliad, from Accra, cne cue of
gold dust and one cask of builinu, and the large quantity of
id:crone casks of guinea grains. The Peninsular C. nip au y's
steam-ship, Pachs, kw arrived at Southampton with specie
to the amount of 11,2201.
Reports still continue prevalent of the attempts of Austria
to raise a new loan. We understand, that so far as Wars.
N. K. Rothschild and Co., of London, are concerned, no
negociations of the kind have been contemplated un their
part.
The East India Company have lately effected a sale of
1,000,000 oil, of silver, and have invested the proceeds In 31
per cents—the transfer of which took place yesterday,
The Great Western Railway meeting seems to have gene
off much more amicably than was expected, and the shores
are firmer, but sales have been pressed in Caledonian,
Midland, and North West* rn. all of which arc lieu..