The Sun.
London, England, 1846-08-15 00:00:00

COMMERCIAL NEWS.

NEW YORK MONEY MARKET, FRIDAY, JULY 31.
There was some activity in the Stock Market to-day, and
prices improved. Harlem went up 11,1 per cent.; Norwich
and Worcester 1/2 ; Reading 1,4, ; Farmers' Loan %.
At the second board prices improved a traction, with
very moderate sales. There appears to be a movement
going on in Harlem, which is rapidly inflating the mar-
ket price of that stock. It has already reached the level
of Norwich and Worcester, and will, without doubt, pass
beyond it. It is controlled by a small clique of operators,
and we look for a smash as soon as it may suit their purposes
to let it come. It would be well for the outsiders to watch
the market closely, and slip out as soon as the turning point
has been made. It is not Par a. head ; and at the rapid rate
this stock has advanced during the past week or two, it will
oon he reached.

There was only a moderate demand for foreign exchange,
tier retni,tance by the Boston steamer. Pr►me bills on
Lonoon sold at 71,4 to 714 per cent. premium, but there were
goo, e bills ffering at 7 per cent. premium. We quote bills
on Mari- sf. 40c. to sf. 371/4c.; Amsterdam, 3814 to 381/2 ;
Han►hurgh, 3414 to 343 ; Bremen, 7614 to 763/4.
The passage of the ad valorem Tariff Bill has created
coniderai,le activity at the Cusrum-house, and every
one appears to he in a great hurry to get their goods
through, and into the market. The cash entries Have
been unusually large. We have no doubt but that tile
month of August will be a very busy month at the Cus-
tom- house, in the way of entries for importation; anti after
that the principal business will be entries tOr exportation, as
an immense quantity of fOreign merchandise will be ex-
ported during the, months uf Octobrr and November, for the
benefit of drawback and re-importation, under the reduced
rate of duty.

The importation of foreign merchandise after the Ist of
October, until the new tariff goes into operation, will be ex-
tremely limited, and only to the extent of the actual and im-
mediate demand for consumption, and only in instances
where there w ill be, after the Ist of December, an
incrcie,ed duty. Ihe revenue from customs from
this to the Ist of December, will be very small, while
the expenditures are going on at the rate of several
hundred th,usand dollars per day. The 10,000,000 surplus,
and the 10,000,000 treasury notes' will be expended ling
befOre that time. Tire expenditure of that amount has alreaoy
been incurred, but as yet the payments have not been made;
when the drafts come for the money, the deposits to the credit
of the Government i❑ our banks will be swept away very
rapidly. We have not, as yet, begun to feel the effect of
the Mexican war upon the finances of the Government, or
the influence upon the money market of the withdrawal of
such a large sum front our banks. It is true that the trea-
sury notes will, if they pass into general circulation, fill the
vacuum to a certain extent, but not otherwise. At present,
therefore, all is doubt and unctnainty, in relation to our
financial policy, so far as the receipts and expenditures of the
Government are concerned.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER Tel THREE.
The Cotton market at Liverpool yesterday was dull. Sales
about 4,000 bales.—Shares were very quiet.
The books at Lloyd's, the Court of Admiralty, and the
public journals, too often testify the fact that lite, as well as
large properties, are too frequently lost and perilled by col-
lisions at sea; and since the mercantile navy of this country
has had added to it a large fleet of steam-ships, those colli-
sions have become more frequent and dangerous. There
cannot be a question that the masters of sailing-vessels have
long held that steam-ships are compelled to get out of
their way, and, therefore, run hazards and risks they might
have prevented. However, to guide steamers in the course
they should pursue, the corporation of the Trinity House,
some years back, issued a rule, which the masters were called
upon strictly to observe. Now, it would naturally be
imagined that a notice of this kind, emanating from this all-
powerful body as regulators of navigation, would have been
known by heart by all sailors, from the captain to the cabin-
boy, of the largest class down to the smallest registered
ship. Not so. What says the second paragraph of the
report .of the committee of the general shipowners upon
this subject? Referring to the "increasing frequency and
fatal consequences of collisions at sea," the com-
mittee states (and a competent authonty it is), "that
the rules sanctioned by the Trinity Corporation for
the ' navigation of steam-vessels' are well calcu-
lated to prevent these disasters, but, although they
have been largely circulated by the Trinity Corporation,
they do not appear to be sufficiently known to shipowners
and masters." Surely every vessel leaving port :ought to
have a copy of the rule on board—the more so as her Ma-
jesty's steatu-vessels of war and most foreign masters follow
now the regulation noted. As too much publicity cannot be
given to the Trinity House rule (which long since received
the sanction of the Admiralty), and tor the guidance of
masters of steamers, we quote it here. It is this :
" Rule. When steam-vessels on different courses must una-
voidatny or necessarily cross so near that, by continuing
their respective courses, there would be a risk of coming into
collision, each vessel shall put her helm to port, so as always
to pass on the larboaid side of each other.
"A steam-vessel pas ing another in a narrow channel, must
alwas s leave the vessel she is passing on the larboard hand."
There are not any colonial arrivals of a late date reported
here to-day.
Con,ols for the account have been rather heavy again,
although the quotation for account is 95% and 953/4 ; for
money the price is 95% to 34. . Exchequer-hills have ranged
limn 7s. to Ifs. premium; the Three-and-a-Quarter per
Cents., from 97:!,4 to 97%; tied Dank Stock has been dyne
at %09.
Business is dull in the foreign bonds this morning, Old
Poi tuguese are at 85; Russian at. ; the Spanish Three
per C-nts at 36 ,/5 the Dutch Two-and-a-Halt per Cents
at 59%, and the Four per Cents at 9-11/1.
In the Railway II orkl it is stated that the negotiations
between the dittetors if the North Staffordshire and the
Chuinct and Blythe Railways have been favourbly concluded,
and the line of the latter is to be given up to the former.
Extension snares are to be granted by the North Stafford
Company, the other proprietors to contribute one-half capital
thereto. The Railway Share market is rather heavy this
morning.
ouITISII FUN DS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock for Account .. .. • • • • 209
Three per Cent. Reduced Annuities • • 963 96
Three pvr Cent. ConSuls Annuities .. • • 95%%
New Three-and-a-Quarter per Cent. Aims. 974%
Long Annuities, Expire Jan. 5, hil) .. 10% 7-16
, India Stock .. • • .. 260
Consuls tor Account .. .. • • .. 95%34
Exchequer Bills. 1%,1.
1,0001. •• .. • • 7lt 7 pm.
5001.
•• .... 81 l 7 pm.
Ditto. Small •• • • .... 12 8— pm.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent • • .•
Ditto, for the Account .. .. 88
Portuguese Bends, 5 per Cent. .. 85
Russian Bonds, 6 per Cent • • • • 1133
Spanish Bonds, 5 per Cent.
Ditto, Passive Bonds .. •• • • 5%
Ditto, Three Per Cent .. • • 36%%
Dividends on tile above payable in London.
Dutch Two-and-a-Half per Cents. 59%
Ditto, 4 per Cent. Certificates .. 94 IA
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK.
RAILWAYS. PAID. PEA SHARE.
Amber., Notting., Boston, 8t Eastrn Jn. 1% to
Birmingham and Oxford Junction • • 2 6%% lA to
Buckinghamshire • • • • .. .. 425. •• • • % ais. to
Caledonian •• .. • • • • •• 20 .... 1534 .... to
Ditto Half Shares .. •• • • • • 234 • • Is .... to
Cambridge and Oxford .. .. • . •• 1% •• .. .. • • to
Direct Manchester (Remington's) .. % • ... to
Direct Northern • • • • 2% •• .• .. • • to—
Dublin and Belfast Junction .. •. 10 .... 4 •• •• to
Eastern Counties •. .• • • 14/. 16s. 0d... •• 23%%i.. to
Ditto, New •• •. 101. 16s. Od.- •• 7% p.. to
Ditto, York Extension .. • • •• 105... • . 2%.... to
East Lincolnshire •. .. • • •• 1 •• • • %%,. to
Great North of England .. • • • • 100 .... to
Ditto, New .. 15 .... 5038 .... to
Great Western .. •• • • •• ....1523 .. • • to 152
Ditto, Half Shares .• .. • • 50 .. • • 86 .. ••to 87
Ditto, Quarter shares .. •. 10 .... 23% •••• to
Guildford, lareliam, and Portsmouth 5 .. • • 5%.... to
kiwi and Selby .. • • .. 50 . 106% .• • • to
Leeds and Carlisle • . • • • • • • 2% 1% .... to
Leicester and liedt;,rd .. • • • • 225. .... % dls. to
Leicst., Tam., Bit., /Ss Trent "Val. June. 425. .... % dis• to
London and Birmingham • • • • ..100 .. • .228 .... to _
Ditto, littlis • • • • •• • - •• 2 •• • 26 .... to
London and Blackwell • • 161. 13s. 4d. •• • • 834 .• ••to
Ditto, New • • • • • • • • • • 3 •• • • 4%.... to
Losdon and Brighton • • • • .. 50 6534.... to 66
London and Croydon • • 131. 15s. 9d. .. • • 2335. •• • to
London and South-Western dis 6j, iod. ...• 75 „ „ to
London std York .
.• 2%.... 23i.... to 2
Ditto, Half Shares ••• 2 ...• l yi,
to
NiancLesict anti Leeds .. . 82 to
Ditto, Firths
Manchester and hirmiughaes .. 40 •• .. 811 • • to
Ditto, Quar.er shares (It) •• 5 183 to
5/aneliester, Buxton, and Matlock :• 425. •• • 156 p.. to 1 p
%
Manch, ster and Southampton .. • •
2 1 % to
•i 'Wand • • • • 100 ....140% •• .. to
•••• • • • •
...
Ditto, Birmingham and Derby ..100 •• • • /15 to
ewcastie ano ton J uuction .. 25 •• .. 43 •• • • to
Ditto, New 1 •• • • 1114 •• to
Newcastle and Berwick • • • • • •
• • • • • • 15 .. • • 28% .... to
Newark, Sheffield, and Boston 14 • • • • to
North British • • • • • • • • ••25 •. • 2934 .... to
8%.... 14%%•• to
Ditto, Half Shares ••• • • • ••Ditto, Carlisle Extension .• •• • • .. •to
. 425. .. • • 3%3a pto
North Staffordshire "• • to 18% •• • • to—
Richmond •• •• • • • •
12% ...• 1938.••• to 18%
Scottish Central • • • • ••
•
Shrewsbury and Birmingham •• • • ••• 3% to
Shropshire Union • • • • - •• •• 42g• •• • • % clic • • to
south f-aster" and Dover .. • • 33 •• • • to —.
Ditto, New, No. 4 .. • • • • •• 3% ••
• •
to-
south Wales .. .• .. • . • • • • •7 " " 3% •• • • to 4
Warwick and Worcester .. • • 425. .. 144 Ws... to
West Biding Union 425.....
p.. to 3 p
Wilts, Somerset, and Weymouth • • 10 •• • • 6• ••• to
York and Carlisle .. .. • • ." " „„214 •• • • %% • • to--
York and North Midland • • • • • ' " •• • • •• • • to
Ditto. Scarborough Branch • • •• 25 4614 .... to
Ditto. Lxtension • • • • • • .. 20 .... a9
Ditto East and West RidingExteusion 1 ....
..
FOREIGN RAILWAYS.
Boulogne and Amiens •• • • •• 14 • • 1234 • ... to
Dutch Rhenish • • • • •' " 6 " " 614 " to
East Indira' • • • • • • '• • • ss. •• • • % .... to
liollturn of France coa!ltittcte; . 12% to