The Express.
London, England, 1850-11-13 00:00:00

MONEY MARKET.

TIIIIIDAY EVIWIIIIO.
With regard to the progress of desire in Mexico,
we may state that we have seen a letter from an in-
fluential and creditable person in the city of M,.xico,
dated sth October, which affirms positively that the
bill for the arrangement of the debt has passed the
Deputies, and been carried into the Senate, where its
principle has been affirmed, and the standing orders
suspended, so as to admit of its passing by the 9:h or
10th October at latest, information of which will be
sent through the United States.
The information as to the progress of the tariff
measure is so far confirmed that a respectable house
here has received directions from its correspondent in
Mexico to delay shipments of goods until the tariff
bill has passed. In this prospect we place considerable
confidence, because throughout Spanish America, in
Chili, Peru, Bolivia, and Mexico, the reform of the
tariff is a measure zealously supported and pressed on
the attention of the governments and the public. The
working of the improved tariff in Old Spain must
likewise have its influence, fur there a very large in-
crease in the customs receipts, aid a considerable
diminution of smuggling, has taken place. Al-
ready the illegitimate trade by Portugal, Gibraltar,
ea the Fres& fresabirisr-talling off. The
itteendusent of the tariff is indeed a measure of no lees
importance to the bondholders than the passing of the
bill for the debt, because whatever apportionment of
interest may be made, it is on improved customs re-
ceipts the creditors must rely for its fulfilment.
From Linares, under date Pozo Audio, Nov. 2, we
extract from the report as follows :
Shaw's shalt has been sunk to, and communicated with the
45 fathoms level, and the lode for the last 2 fathoms sunk is
productive, and yielding from 1 to 2 tons of lead ore per
fathom. 31 east of this shaft the lode has greatly improved
daring the past week, and is now 3 feet wide with a solid
branch, or vein of lead, from 6 to 8 inches wide, worth from
1 to 2 tons per fathom. St. Antonio's wines is sock 7 fathoms
below the 45, lode 6 feet wide, with tine stones of lead and
very promisleg. Durieg the past month the water has been
drained and cleared from Lw Nieves, St. Pablo, and
La Mance abate, and the several wotkiess in the val.
nity of each. There is at present 220 fathoms ef
productive ground, worth-at least from 4to 5 tone of lead per
fathom, eetiroated at 1,000 tons of lead ore, exclusive of
what has been discovered shove the beck of the 45, where
there are considerable quantities awe still remaining. The
predates for October nas been 83 tons, and would have
exceeded 100 tons ►ut for the delay occasioned by want of
powder in all the operations for tutwork and tribute. The
tribute department continues to yield fair quantities of ore.
Stock at Linens, 110 tons, 12 cwt. ; at Seville, 2 tone, 15
cwt. ; at Malaga. 96 tons, 4 wit ; at Bayless. 24 tons, 19 cwt.
On board ship, 202 tone, 16 cwt. total, 437 tons, 7 ewt.
The Asturiqno, published at Oviedo, 'aye it has
seen the report of Mr. Woodhouse, the eminent en-
gineer, sent out by Mr. Mackeneie to report on the
Lsogreo railway. In reference to coal, Mr. Wood-
house reports that there are abundant deposits of
good quolity at Carbayis, and in the valley from
Gaudin to Says. Tide is not only suitable for the
purpose of the Spanish railways, but it can compete
with Newcastle coal and that of St. Etienne, in the
Upper Loire, for the supply of the French railways
of the west, which yearly consume from 50,000 to
70,000 tons of coke. He says that the coal is good
for coking and for steam purposes, and will supply
the Mediterranean steamers. The selling price of
Gijon coal at present is about 16s. per ton, but on the
completion of the railway it will be brought down to
one-half. Mr. Woodhouse thinks the coal traffic may
be carried to 150,000 tons yearly.