The Express.
London, England, 1850-09-03 00:00:00

MONEY MARKET.

Mown.: Emma.
The advice+, from Valparaiso exceed to the sad of
lase, Coerces was opened on the let of that meth
by the Prendent with the usual address. One im-
portant fester* of this document is the assurance
given that in the various commercial treaties pending
the government proper the adoption of free-trade
principles, and do not intend to grant exclusive pri-
vileges is any Rag, neither to seek them for their
own. Reforms are promised in the post-
office regulation', sad also in the weights and
measures of the country. The coinage of the country
and the necessity of a copper currency is to be a sub-
ject for conekleratioe. Proceeding to the details re-
lative to the finances, the President states that the re-
venue has materially increased during the past year,
and looking at the receipts of the Valparaiso Custom-
house, there is every reason to expect that the im-
provement will be • progressive one. Farther
modifications are projected customs laws of the re-
' public. Another important change is the aboli-
Um of the government monopoly hitherto ex-
in reference to the article of tobacco, for which
the draft of a new act had already been presented to
Congress. It is proposed that the monopoly shall
cease at the expiration of one year from the time of
the paring of the la e, after which a duty of 250 per
I cent. is to be charged on the importation of this
article, and the cultivation of tobacei is to be allowed
in the country, where it has hitherto been prohibited.
The opposition party in Congress, however, strongly
object to the high duty of 250 per cent., and propose
that it shall be only 50 per cent. By the contemplated
new law, it is presumed that the government will
gain about 73,500 dole., the expenses attending the
working of the monopoly being very heavy. The
consumer ',ill be also benefited, for by the present
regulations tobacco pays about 400 per cent. duty to
the government. As regards commercial matters
generally, the transactions during the month had
been only on a limited scale, June and July being the
slack months in this market The bad state
of the roads, caused by heavy rains, had also
an influence in checking the operations of buyers for
the interior. In the absence, therefore, of any trans-
actions of moment, excepting a few sales for Bolivia,
the prices of piece goods had undergone little altera-
tion. Good styles cf prints were still scam, and
white shining. and domestics were also ATM. For
fine cloths and cessimeres the market was very dull,
the stocks being much too large. Of linens
the stocks were accumulating, whilst very
few 'ales were effected. Freights had un-
dergoes no change, excepting to California, in
which instance they bad rallied a lit.le. For guano
31. 71. 13d. per ton for direct ports, and W. 12s. 03d.
for orders, had been paid. For English vessels there i
was an unwillingness to accept the low freights,
preference being given to orating voyages, which,
however, were difficult to obtain. The arrivals
during the month from el quarters amounted to
23,154 tons, and the departures to 25,787 tons. Ex-
change on London, 481.

We regret to learn from Manchester that Mears.
Morris and Brothel", spinners and manufacturers,
have stopped payment, and a circular has been placed
in our hand, of which the following is a copy
64, Foaritam-sheet, Manchester, August 31, 1830 —Sir,
—We are sorry to talons pot that, in consequence of heavy
losses in trade, Mears. W. Morris and Bruisers, of Chorlum
Now Mdls, Manchester, and Mr. Wm. Morris, of Islington
Mill, Salford, spinners and 'manufacturers. have been com-
pelled tocuapend mem". A meeting of creditors will be
bald at our offices on Thursday next, at three o'clock, when
• statement of their affairs will be laid foams you, and at
which your attendance Is particularly requeMad.—We are,
very respectfully, Bats, WORTNINOTOM, and Ilirivnex.
We have not heard the amount of liabilities, but
report speaks of 50,0001. or 70,0001. Persons likely
to be better informed, however, fix them at 25,0001.
to 30,0001., and estimate the assets at da. to 7.. in the
pound. Mr. Wm. Morris sent in his resignation to
the Salford town council this (Monday) morning as
an alderman of the borough.