The Express.
London, England, 1851-02-28 00:00:00

BAILWAYS.

THIS DAY.
Two O'CLOCK.
This is settling day in the share market, and the
adjustment of their books has occupied much atten-
tion on the part of the dealers. As already reported
in the Express, the rate of " continuation" ruled ge-
nerally heavy yesterday, but after the announcement
of the Bank that advances will be made upon stock
and Exchequer Bills at 21 per cent, the terms be-
came somewhat easier, and to this circumstance the
increased steadiness of the market is chiefly. owing.
The general tone to-day is firm. London and North
Westerns, South Westerns, and Midlands, have re-
ceded; but Great Northerns, Great Westerns,
Brighton, North Staffords, South Eastern, and
Berwick', have been transacted at rates more favour-
able to sellers.

MONEY MARKET.

THIS DAY.
Two o'CLoow.
6nt of Lord Stanley's final aban-

donment of his attempt to form an atimuum.,...-__
has been received with satisfaction in the city, and
added to the hopes which are now more
confidently entertained that the crisis will
result in a favourable combination has con-
tributed to maintain the English stock mar-
ket at the improved range to which quotations
attained yesterday afternoon. Lists of a free-trade
ministry, under Sir James Graham, are handed
about. The caution which was induced in some
quarters by apprehensions of an increased
value of money during next month has been
dissipated by the announcement of the Banks
directors, yesterday afternoon, to the effect
that the usual advances on stocks and other " ap- '
proved securities," during the shutting of the transfer
books, will be made at the rate of 21 per cent., which
is 4 below the fixed minimum rate of interest of the
establishment.
Consols have not varied all day front the quota-
tion at which they opened, 961 to for money, and
961 to 1 for the 11th of March, these being
also the last rates of yesterday. The prices of
business as officially marked, are : Three per Cent.
Consols, 96i, 4; ditto for account, 961, 1; Three
per Cent. Reduced 97, 961; New Three-and-a-
Quarter per Cents., 961, 1, Long Anuuities,
1860, 71 ; ditto 30 years, 1860, 71. South Sea New
Annuities, 951. India Stock, 262.
The market for the unfounded securities seems
rather steadier to-day. Exchequer bills, 1,0001.,
mark 495. and 475. Fem. • ditto, 560, 465. to 495.;
ditto small, 495. ; Indian ilonds, large, 545. and r ;
ditto, small, 50s. and 555.
In the foreign stock market the settlement of the
account has been quietly
.carried on. The actual
business of this morning is unimportant, and has
given rise to no change in prices, except for Peruvian,
which have risen to 831. The list of bargains is as
follows :-1 hitch Two-and-a-Half per Cents., 581.
Equador Bonds, 31. Grenada Deferred, 41.1
Mexican Bonds, 331 to a ; ditto small, 34, 5'4.
Peruvian Four-and-a-Half per Cents., 1849,
83, 1; ditto Deferred, 371, 1. „Spanish Active per
Cents., 1974 • ditto I'aasivc Bonds, 41. Venezuela
Two-end-a-Quarter per Cents., for the account of the
14th March, 301; ditto Deferred, 12.
The following was the course of exchange this day :
Prtoesuesottatat
From To
!Umbel!' 11*. 13 71 7l
AuldenLos
14tto i Mo. 17
Rotterdam 1t 171
Antwerp
Ilroaselo 23 23
Pons abort ..—... 23 II 7
U 3O
Marraill
Erankfort
Timms
Theme ......... " II MI
l'ettroburg
Madrid
eAdis
Leshona ........ 30 60
Genoa. . ........ 521 lei 631
Naples
Paler= O6 124
I.ltoOns ....... ..... 124 SA
Lisbon 9O ss
00orto
The settlement of the railway account was in pro-
grcss yesterday, and heavy rates of continuation
were paid. The following are some of the rates per
share and per cent.

Per Share. Per Ct.
London and North-Western li t 24
Great Westerns I 1 21 29
Midlands i ; 21 30
York and North Midland -id 7
York and Berwick -16 4 8 1G
Lancashire and Yorkshire
Eastern Counties
Brightens
Great Northern'
South-Wr•terns
4 25 37
South-Eastern'
I
The following are the highest and lowest prices of
railways during the account now expiring.
wort Lowed
Paid. Pries Friss.
5o Aliens.% —...
90
.................... 134 •••••• •o • 1131
100 Bristol sod Laster
80 Co.o.lortisn IS
50 Chester and 11,1yhred ..... 31
20 Nastern Countice ....
25 East Lance- hire
25 lirest Northern - l7
100 lirrot Wtatern
100 I..ncoshire sod Yorkshire 95:1
50 Leeds and Think
116 London on. inset..' .II
ICO Lou ion, liriklasn, and South OnieL.. 994
100 London and North Western ..... ...... 135
311
110 London :fed South Western
100 lthinchester, chttllcid, &Lincolnshire 561 ....... ......... 311
lon Midi .ud as ... so
leu Norfolk
_. ..... ..... ls
25 North lOWA —..... . 91
171 North Staffordshire lll ...
50 Osiord,Worcester,tWolrerbelartom 20 ....• lilt
39 South Eastern
U York, Newcastle. & &milk. 2ll . ... „ 201
50 Tont and North Midland .
The following are the fluctuations per share and
per cent.:

Per share. Per cent.
Maachester and Sheffield
Caledonians
Eastern Counties
North Stattords
1 11
Leeds and 'lltirsk 9
North British 9
Chester and Holyhead 1 9

Aberdeen 1
Itlackwall
Oxford and Worcester 1
East Lancashire
Lancashire and Yorkshire
Norfolk
Great Northern

The fluctuation in Great Westerns, London and
North Westerns, Midlands, York and Berwieks, York
and Newcastles, and South Easterns, was under fire
per cent. Generally the highest rates were reached
towards the middle of the account. . .

The traffic returns for the past week on the under-
mentioned English lines of railway, as made up to
yesterday, are us follows:
1851. 1850.
London and North Western £39,660 .... £37,913
Great Western
Midland
London and South Western 8,186 .... 8,068
Lancashire and Yorkshire 13,513 .... 11,067
London and Brighton
South Eastern
York, Newcastle, and Berwick 12,321 .... 11,950
York and North Midland
North Staffordshire
Bristol and Exeter
Leeds and Think 835 .... 877
Shropshire Union 483 .... 394
Manchnu.c!, Buxton, Matlock,
. ~,.

Junition 102 ....
London and Blackwall
Manchester, South Junction,
and Altrineham
Liverpool, Crosby, and South-
port
South Wales 516 ...
Manchester, Sheffield, and
Lincolnshire
Shrewsbury and Chester 1,157 .• • •
Bolton, Blackburn, Clitheroe,
and West Yorkshire GOO

415 ....

5,0, 0
1,2', 7

Total £148,986 £138,152
The total receipts on the corresponding lines being
138,1521., in 1830, and 148,170/. in 1851, it follows
that there is an increase of 10,0181., or 7 per cent.
The number of miles in 1830 was 3,093, and in 18.51
3,2671, showing an increase of 1721 miles, or 5? per
cent. The average return per mile was, in 1800,
441. 12s. 81c1., and in 1831, 45/.75.
The return per mile per week on the chief lines in
subjoined :
18.51. 1860.
London and North Western ~ £76.52 .... £80.86
Great Western
Midland

London and South Western
Lancashire and Yorkshire 61.97 60..53
London anal Brighton
South Eastern
York, Newcastle, and Berwick 42.05 41.13
York and North Midland 26.40 24.48
Caledonian £6,887 .... £5,719
Glasgow, Paisley, and
Greenock

Edinburgh and Glasgow ....
Glasgow and South Western..
The Irish returns arc:

3,175 ....
3,622 ....

1&51

2,832
2,800

1&50.

Waterford and Limerick
Midland Great Western 1.105 .... £1,017
Ulster 795 .... 7TJ
Belfast and Ballymena
Belfast and County Down.— 147 .• • •
Dundalk and Enniskillen
At the Southampton Docks Company half-yearly
meeting yesterday, the report showed an increase,
during the past year, of 13.365 tons in the shipping
entered, as compared with 1819 (the total being
234,247 tons), and of 1,172/. in the receipts from
that source for the last six months. There was
still, however, as in the preceding half-year, an ex-
cess of expenditure over revenue, but instead of
2831., as on that occasion, it was now only 26!. At
the same time the steady though slow progress
of the business of the docks was such as to render
it essential that further accommodation should bo
prepared for the reception of the larger ships now
building b, the Peninsular and Oriental anti by the
Royal Mad Steam Companies—a point which might
be fully effected at a cost of 12,000!., by completing
the inner dock, and which was consequently recom-
mended to be accomplished. The labour that
would thus be saved would more than equal half
the interest of the amount, while it would afford
facilities for a large and remunerative new trade that
must otherwise be driven away. Thu report also
stated, that the refinery lately erected, at no outlay
of 8,100!., was in active work, the rent paid by the
lessee being sufficient to cover the interest, while the
business of the docks was increased by its operations.
The reading of this document was followed by a
protracted and conflicting discussion, but it was
finally adopted, and the 12,000!. was authorized to bo
raised upon debentures.
Adviees have been received by the Copiapo Mining
Company dated 24th llee., 1850.
At Chew Copper mine the lodes in the 30, 20, and
12 fm. level are productive, and the stows continuo

to yield well. -
San Pedro.—The lode is large, carrying with it a
leader or branch, eight inches wide, of very rich ore.
La Cumpania.—ln this mine there 18 a large, well-
defined lode composed of copper on' of the richest
quality, and showing evident signs of becoming pro-
ductive. The Mopes continue to yield well, and will
probably continue to do so for some considerable time.
La Iteyna—ln the shaft there is an immenso bed
or deposit of gossan ; it has been cut into nine feet,
but the south wall has not yet been found. In this
great gossan lode there are rich deposits of from
40 to .50 per cent. ores. Ibis lode, the manager
says, approaches nearer to the lode in the Great De-
von Consols than any hitherto seen. The Flamenco
Mines are being developed slowly, but very satisfac-
torily. At San Carlon. the mineral is just btginning
to show itself, and will ultimately give large and
lasting bunches of rich ore. The produce from tho
different mines fur the month of November was 70
tios.
As to the silver mines at Tres Puntas, the reports
continue favourable, and show a gradual improve-
ment. The operations at the gold mines had been
rather confined, and the ore raised of a low produce.
The opening of the port of Flamenco is of immenso
importance, and the making of the new road from
the port to the mines would be completed some time
in lebniary, and add very considerably to the valuo
of the company's property.
The Santiago Company have advices dated 13th
January. The report from the mines is without any
material change. The different levels are yielding
ore averaging from 4to 5 tons per fathom. Thu
produce for December was 120 tons.
MUM' YUNDS.—Tats Use.
1505 9theit, 2141 r, f 71et CLOWI. Sec. 9111
17 pet Ct. It J. Aut... 9.14 7 3# lot CU. ssl
3 or (1.4.1e5. Aso.. 51 t Esooequct lAkte• 44t. to 610.