The Express.
London, England, 1851-02-25 00:00:00

LIVERPOOL, Feb. 24.

SVOCIL-EICRaNar.—A general improvement in prices
was the eharscteristie ot to-dues market, and bushier, likewise,
am very fair. Aberdeen, 134 2 —Birkenhead, Lancashire. and
Menhirs, 9.ld.—Caledonian, 114 4 4—Ditto (pprteet. dame), 54—.
Chewer and Holili• ad, 2—Last Lancashire, I —Lanesshhe and
Yorkshire, 54—Ditto Olfth shams), 7 2-16 d.— tto, fifth duns,
(Wag R. VW. Sld.—L•nraater and Clfillie (third area).. P.—
Lwerpool, Crosby, and Southrrt, I p.—Loodoo and North Western,
1331—Dino (new stare), 64 D.—Ditto (fifth shares), 6 p.—Man.
ennui, Sheffield, and Lincoln, 34—Ditto (pref. sham), 111 13467
Matlock sad Midland. M.—Midland, 62 14 2—Ditto (1 shares). 131
(IL 12.. Id. 6.). 54—Sbmwsbury tad Chester ((Piet Iner..3
15 1.16d.-4orth disffor.ishire, 74.-6udbury and Rinninfihnal
per (m),
441 —Sw.th &stens and Dover, 20I—York and North Mulland, 244
r...—Dublia and Be arty Junetkai, 2124.—Dutch Rhenish, 4ld.

BIRMINGHAM, Fsb. 24.
STOE-a EICHAXOE.—This market recovered very much
of tta dramas today, and Ogee advanotd gessrally. Booth Stat.
folds veers don* at 21d.

LEEDS, Feb. 24.

STOCK EXCHANOL.—We have no material change to
note piece fieturdoy, times 1M =lmmortal arida Om trotted in some
?immure to weaken the market. Thealwarniselea sere: Ca%echelons,
111. 13e. 9.l.—Great Northern% IT —Lastaablne sag Yorkshires.Sel—
-1
Thfrek ratenrions, No. I, to. ed. ;die klidland Stock. elf —North
Materna, W. la SC elm—South touters sal Dove. 214—York sad
North Ifullanda, 241.

MONEY MARKET.

THIS DAT.

Two o'Ccoonc.

Lord John Russell's explanations hive left the
public in no less perplexity than before, and all pos-
sible combinations of ministries are canvassed. The
one most discussed, and which, from the expressions
of the press, is now considered probable, is a ministry
under the Earl of Aberdeen, of free-traders, conser-
vatives, and liberals, which would present the
greatest array. of practical men, command the
greatest majority in the House of Commons, be best
able to stand a general election, and for which seats
in the cabinet would be provided at the expense of
the family whigs. It is considered the Peelites are
holding out for an undertaking of this kind, and
hence their indisposition to pledge themselves to
Lord John or to Lord Stanley, and their endeavours
to prevent either from heading an administration.
Meanwhile a strong impression has prevailed in
commercial circles that the country will benefit by
the break-up of the old administration, and by the
infusion of a stronger element in the councils of the
nation, notwithstanding the present perplexing
aspect of affairs, and to the confidence thus
generated the steadiness of the market for
the last few days is mainly attributable.
The prolongation of the crisis, however is
now beginning to excite rather more anxiety,
and has brought forward sellers of stock, a circum-
stance which has resulted in a decline of 1 per cent.
as compared with the first prices of the morning.
Consols opened good at 943 to for money, and
96; to 1 for the account, and were maintained at
that figure for sonic time by the operations of the
government broker, but whilst we write the market
rs depressed by sales, and the quotation has fallen to
964 to I, both for cash and the 11th of March, at
which it now stands. The prices of business re-
corded in the official list are :—Three per Cent.
Consols, 90! 1; ditto, for Account, 961, 1; Reduced
Three, per bi'mt., 97, 1; New Three-and-a-Quarter
per:Cents., 984, 1. Long Annuities, 1860, 7,11-18;1
ditto :so years, 1859, 74. India Stock, 2635. Bankl
Sock is not quite so good, marking 2141.
Exchequer Bills show no signs of a rally. The li
large bills have been sold at 465. and 495. prem.;
ditto WV., at ,Os. and 4135.; ditto advertised nt 46.
India Bonds have not been touched.
The operations in foreign bonds have not been
important, but the market opened firm, with a ten-,
dency towards improvement. In most instances this
has not been supported, prices being at this moment
affected by the flatness prevailing in the other de-
rtments of the " house ;" but the prices of
business reported in the official list, it will
be seen, generally show a fractional improve-
ment, as compared with yesterday's. They are as
follows : Brazilian Old Five per Cent. Bonds, 93.
Danish Five per Cents., 1031. Two-and-a-Half per
Cents. Dutch, 381•, ditto Four per Cent. Certificates,
911, 4. Grenada Deferred, 4. Mexican Bonds, 335
for account. Peruvian Four-and-a-Half per Cents.,
1849, for account, 804 ; ditto Deferred, 365.
Portuguese Five per Cents., 884, 1. Russian Five
per Cents., 1131 ' • ditto Four-and-a-Half per Cents.,
97 Spanish Active Five per Cents., 20 ; do. Three
per Cents., ;84, 371.
The following shows the latest quotations of ex-
change on Loudon, and which arc in favour of 4"
provement :

Previous I.atest
Quotations. Quotations
Amsterdam (short) 1111. 75 Mt. 771
Ditto (two months) llll. 67 1111. 70
Augsburg 9ll. 44 911. 44
Berlin
Bremen 616 616
Christiana 4.58 4.60
Copenhagen (short)..
Ditto (three months) 8.87 8.87
Gothenburg
Hamburg (short) a
Ditto (three months)
Lelpsig
i 6.
Lisbon
Milan 29 lire 07 29 lire 12
Naples
New York lO9l 101 110
Paris
Riga
Stockholm (short)
Ditto (90 days)
Trieste
The French shareholders in the Paris and Stras-
burg Railway have sent over a special agent to sup-
port the English directors in their plan for a loon in
aid of calls. The advantages of this plan we were
the first to make known; and that they were ac-
knowledged by capitalists here was shown by the',
rise in the shares. On Thursday, without any cause
assigned, the French directors rejected the plan for
the loan. The shareholders at Paris, and
elsewhere in France, have come forward
in strong numbers, and signed a requisition calling
.1
on the directors to put the question of the loan in
the erdre du jour for the approaching meeting in
April, in order that the plan may be discussed. Un-
less this be done the question, according to the French
statutes, cannot come on, and will be protractedly
adjourned. The English shareholders are called
upon to come forward and join iu this request,
vhich, it is believed, the directors will not refuse.
The Railway Times hints at the organisation of an
opposition to the re-election of Mr. Waddington as
director of the Eastern Counties, supposing that lien-
tlemun should allow himself to be put in nomination,
and states a belief that some of his chief opponents
will be found in the special committee.
In reference to the differences between the
Brighton and South Eastern Companies the Rail-
way Times intimates that, although the Brighton
proposals have not been accepted, other propositions
have since been made.
Ilerapath's Journal gives the following budget of
dividends: The excess of the Great Northern re-

ceipts over the working expenses is 89,0001., which,
after being reduced by the mortgage interest and
guarantees, will leave a balance ; and this,
added to the former balance, will make it
about 20,0001. A dividend of 2s. would exhaust
19,5471. No dividend, however, will be recom-
mended. The directors of the Ambergate Railway-
intend to propose at the meeting on the 27th inst.
a dividend of per share for the half year, which,
as there are 60,000 shares, will require 3,0001. The
available surplus on the half years working being
4,0211., this dividend can be paid and a balance left
over of about 1,0001. The directors state that bene-
ficial arrangements have been made with the Lou-
don and North Western and Midland Companies
for an interchange of traffic, and much is expected
from the opening of the direct line of the Great
Northern. The directors of the South Eastern ltail-
way have determined upon recommending a divi-
dend of 10s. per share (or 30/. stock) for the half-
year ending the 31st of Jan. As regards the York
and North Midland, the dividend proposed is 10s.
The subjoined calculations show the rate per cent.
per annum yielded by the various securities cited at
the average of the prices which ruled this day.
Where the asterisk (*) is prefixed it is to be under-
stood that the share rate of interest is less the in-
come tax.
Three per Cent. Marais MON/ price 964
yhddper oent...£l 2 4
Three per Chat. Reduced 3 1
New Three.andto.Quarter pa Cents.— is 3 6
Bank otock (di.. 7 per cent per aaa.) 213 3 3 4
India Stnek (aty.lo4 per cent per an.) 2671 ~ 3 18 3
Itzeisquer Bills (ant. ltd. per day) SOU „ 2 4 6
Great Western* £lOO ob. (dl.. at the
aersehlre
raiser prrand Tor emu perk shWe ann.) x
£lOO 92
Stock* ,la-t dl.. at the rate of 2 pee
out per Ma
tasks It Southl.)
Western* Stuck (pro ls
bible forthcoming dw. at the rate
per ma- per eon.
Louof d4on and North Weeter)efitock (peo. so 48 91
bible lorthconting die. at the rue of
31 per cent. per ann.)
Midland. Stock (probable tormenting
div. at the rate of 24 per a.m.? ann.) t 2 ee 4 0 74
South Erten,* Stock (voluble birth-
commie dividend 10e. per WI. share,
equal to 3f. 6e. Bd. per cent. per ann., 264 3 16 ti
The intelligence from the copper mines of Lake
Superior represents the mines as doing well this
year. 1,500 tons of copper ore have been shipped,
of which the Cliff Mine, the largest undertaking in
that region, supplied 800 tons. One of the greatest

p 4

AI 1.114

expenses experienced in getting the copper ready
for shipment is the cutting of it up into moveable
masses, which is effected by a tedious process with
hammer and chisel. Various have been the expe-
dients devised to facilitate this operation ; machines
have been rigged in various ways, and at great ex-
pense, to saw the blocks, but the copper is so mixed
with stony particles that the saws cannot be made to
work. The miners are now about trying a new
plan ; they are constructing a gigantic furnace to
melt the masses and cast them into such
pieces as can be handled. Should they succeed in this
operation, the expenses of mining vvill be very
materially lessened. The traces of ancient mining
continue to be found in great number and extent,
and these prove of great service to the present
workers, by directing them to the best locations, and
by presenting to the miner excavations which could
only be effected by a vast amount of labour. The
people on the spot estimate then• age at 2,000 years
at least, but nothing has been found to trace their
connexion with any existing rnce, except the bare
fact that the copper mined was carried off by way of
St. Mary River and the lakes; and this is only pre-
sumed to be determined by detached portions being
found along the route from the mines to Ste. Marie.
An analysis of the ore brought down by one arrival
at Quebec shows the per centage of copper on the
average of the cargo to be 15.78 per cent.
From New York, under date the I Ith inst., wo
have received the f'ollowiug in reference to metals:
The copper market continues firm at previous
quotations.
Iron—Scotch pig moved to the extent of 100 tons,
at 21 dols. tke., six months to arrive, English bars
were held at 41 dubs., with buyers at 40 dais., usual
credit.

Lead-50 tons English were sold during the past
week at K. per 100th., and 50 tons of Spanish at
4 dole. 75e. Sales of Spanish, to arrive, were made
at 4 dole. 80c. Sales of Galena have been made be-
low 5 dole. on time.

Tin—A sale of banes (government) was made at 21c.

'MULISH VUNDN.—Teto Dar.
Doak 9teell, 2144 114 3 per Ct.tuto Are., 964
3 per Cl. Ital. Atm.. 930 7 I3s Pr,Ct,.981
3 per CL Con. AIM.. 904 tatebeetter Dm, 466. to 50r.
AMNION 1,143 DNA
per Cl. Au44lon 1160.16. 1 per CL Growls 1441 e., IT IS
44 per Cl. Dean. Hood, NI 3 Itreree.le Deterred 111... 31 40
per Cout., fi 1,4 N Ct ‘1,5. 8.16.. 334
5 ivir,:;',.t.l4H.ztl9llrte3lll.l.., 93 4 414 per Lt.Pe-44.67• l4s >4 59
6 per CL Bunke Ayres. ,S 3 5 514. CA Rue. 413 14
ever Ct. Milian IND.. 193 6
per Spanish Ittle., 100 994
1611.0 Columb. Dcl. DI, 3 per CL 9441111•41 11.1.. 374 30
Cettunitiaa Equalne Rd., 31 4 ho. 14.46T6e4 14414..
Der Ct. Dataieb TA Pe Ditto PI...SATO 41
24 per Ct. Dutott 134 A. 264 9 pee "I. Versestein Bea.. 30 2
4 per Ct. Dutch Cert... sli 2 Veoeelwt, it,terre.• Itoode. 11 12
LATEST FOREIGN EXCHANGES.
MADRID, FRO. 19.—Three per Cents., 341; after Bohm,
34$ cash, 341 paper. Four per Ceuta., 13$. Five per
Cents., 14; • after Bolsa, 144 to 15 cash. Coupons, 91 ;
after Bolles., 8 3-1 G cash. Passives, 5 3-16; after llolsa,
54 cash. Bank of St. Ferdinand, 97. Exchange on London,
50.60.

COMMERCIAL AND MARKETS.

MINCING-LANE.-THIS DAY.

SVGAR.—The public sales arc going off well, at full prices.
Barbuda% sold at a slight advance, prices 41s. to 445. Re-
fined market dull ; grocery lumps 495. to Ms.
Coarse.-180 bales and 200 half-hales of Mocha are sell-
ing steadily in public auction, but at a slight decline upon
the full prices of lust week. Good ordinary native Ceylon
remains at 465. 6d., yesterday's price.
TEA.—Thcre continues to be a fair amount of business
doing, particularly in good common Cougou.
lttee.—.l,ooo bags Roll 900 packets were offered in public
sale, and about half sold at rather lower prices, 93. td. to

10+'; inferior, SR. GIL to 9s. .
PIMEN7U.-3.50 bags sold in public sale at previous
price, 61.
Itrea continues dull. .

CorroN.—There it a slight improvement in this article.
SPICTA remain steady.
INonio continues in limited demand, at the late quarterly
sale prices.
In other articles no material alteration.