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

CO UM ER CIA L 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/ per cent.; Norwich
and Worcester % ; Reading %; Farmers' Loan %.
At the second board pikes improved a fraction, 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 mar a• head ; and at the rapid rate
this stock has advanced during the past week or two, it will
soon be reached.

There was only a moderate demand for foreign exchange,
for renah twice by the Boston steamer. Prime bills on
Lonuon sold at 7% to 71% per cent. premium, but there were
gooi!s bills offering at 7 per cent. premium. We quote bills
on Paris 51. 40e. to 51. 371/2c.; Amsterdam, 3814 to 38%;
Hamburgh, 34% to 34%; Bremen, 7614 to 763%.
The passage of the ad valorem Tariff Bill has created
considerable activity at the Custom-house, and every
one appears to be 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 the
month of August will be a very busy mouth at the Cus-
tom-hOuse, in the way of entries for importation; and after
that the principal business will be entries for exportation, as
an immense quantity of foreign merchandise will be ex-
ported during the months of October 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 on-
mediate demand for consumption, and only in instances
where there mill be, after the Ist of December, an
increased duty. The 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 thousand dollars per day. The 10,000,000 surplus,
and the 10,000,000 treasury notes will be expended long
before that time. The expenditure of that amount has already
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 in 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 from 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 unct.rtainty, in relation to our
financial policy, so far as the receipts and expenditures of the
Government are concerned.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO 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 musters were called
upon strictly to observe. Now, it would naturally be
imagined that a notice of this kind, einanatibg Trent 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 authority 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 steam-vessels of war and most foreign masters follow
now the regulation noted. As too much publicity cannot he
given to the Trinity House rule (which long since received
the sanction of the Admiralty), and for the guidance of
masters of steamers, we quote it here. It is this:—
"Rule. When steam-vessels on different courses must una-
voidably 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 larboard side of each other.
"A steani-vessel pas iug another in a narrow channel, must
ulwa) 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.
Consols for the 'account have been rather heavy again,
although the quotation for account is 95% and 95%; for
money the price is 95% to %. Exchequer-bills have ranged
from 7s. to lie, premium; the Three-and-a-Quarter per
Cents., from 97% to 97% ; and Bank Stock has been done
at 209.
Business is dull in the foreign bonds this morning, Old
Portuguese are at 85; Russian at 1131/2 ; the Spanish Three
per Cents at 361 "6; the Dutch Two-and-a-Half per Cents
at 59%, and the Four per Cents at 94%.
In the Railway IJ orld it is stated that the negotiations
between the directors of the North Staffordshire and the
Churnet and Blythe Railways have been favourbly concluded,
end the line of the latter is to be given up to the former.
Extension shares are to be granted by the North Stafford
Company, the other proprietors to contribute one-halt' capital
thereto. The Railway Share market is rather heavy this
morning.
BitITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the (Alicia] List.)
Bank Stock for Account •• •• •• • . 209
Three per Cent. Reduced Annuities •• 961, 96
Three per Cent. Consols Annuities 95%%
New Three-and-a-Quarter per Cent. Anne. 97%4%
Long Annuities, Expire Jan. 5, 1860 .• 10% 7-16
India Stock .. .. • • • . 260
Cnneols for Account .. 95%
Eat:Lever Bills. 18,0. 1 d.
1,0001. .. •• • 711 7 pm.
500/. • • •• .. • • 811 7
Ditto. Small • • • • 12 8
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 11,11,18,5 per Cent • • • •
Ditto, for the Account • • .. 88
Portuguese Bends, 5 per Cent. • • 85
/Basun' Bonds, 5 per Cent • • • • 113%
Spanish, Bonds, 5 per Cent.
Ditto, Passive Bonds • . • . • . 5%
Ditto, Three per Cent .. • • • 364%
Dividends on the above payable in London.
Dutch Two-and.a-Half per Cents. 59%
Ditto, 4 per Cent. Certificates .. 94%
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK.
RAILWAYS. PAID. Pale SHARE.
Amber., Notting., Boston, & Eastrn Jn. .. .. to
Birmingham and Oxford Jtuiction 2 • • 6%3534 to
Buckinghamshire • • .. • • .. 425. •• • • % Uis. to
Caledonian •• .• •• .. 20 .... 1534.... to
Ditto Half Shares .. .. • • • • 2% •• • • 134 .... to
Cambridge and o.xford • • • • • • • 1% • • .. ••to
Direct Manchester (ltemington's) .• .• • • %••. to
Direct Northern .. •• • • 2% •• •• .. • • to—
Dublin and Belfast Junction .. •• 10 .... 4 t,
Eastern Counties • . •• • . 14/. 16s. 0c1... • • 23% %.. to
Ditto, New • • .. • • •• 10/. 16s. 0d... • • 7% p.. to
Ditto, York Extension .. • . • . 10s. 2%.... to
East Lincolnshire .• •• • • • • 1h• • • • %34 .. to
Great North of England .. -100 .... to
Ditto, New .. •• .. 15 .... 5035 .... to
Great 1Y extern • • .. • . 85 ....152% .... to 152
Ditto, Half Shares .. 50 .... 86 .... to 87
Ditto, Quarter Shares • • .. .. 10 .... 2335 .... to
Guildtbrd, Farehfun, and Portsmouth 5 .... 5%.... to
Dull and Selby .. 50 106% to—
Leeds and Carlisle • • • • .. .. 2% 1% •••• to
Leicester and Bedford .. 225. .... % dls. to
Leicst., Tam.,Bir., & Trent Val. June. 425. .... % dis. to
Luntleit and Birmingham • • -100 .... 228 .• .. to
Ditto. Fifths • • • • •• • • • • 2 26 • • to
London and Blackwall • • 161. 135. 4d. •• .. 83¢ .... to
Ditto. New • • • • • • •• •
Lo.aion and Brighton • • • .. 50 .• .. 65%,... to 66
London and Croydon • • • • 13/. 155. 9d. •• • • 23% •• •• to
London and south-Western 411. Oa. 10t1. • • 75 ••.. to
Loision and York
Ditto, Half shares 2%,... % • to
Manchester and Leeds • . . 82 •• • • •• .. to
Ditto, Fifths • • .. • • • • • • 3 .... 11 ••.. to
Manchester and Birmingham .. 40 .• .. 86 •• to
Ditto, Quar_er ahares (10 • • .. 5 .. • • 153{ .. ••to
Manchester, Buxton, and Matlock - • 425. •• • • 1% I) • • to 1 p
Manchester and Southampton .. • . 2 •• • • 1%14 • • to
Midland •• •• •• •• •• -100 —.140% •• .. to
Ditto, Birmingham and Derby ..100 • • -115 ••• to
Newcastle and Darlington J uuction • • 25 •• .. 433
Ditto. New •• • • •• I •• • • 11% 34 •. to
Newcastle and Berwick • • • • •• 15 .. • • 28%,,,,
to—
Newark,Sheflleld,andßoston • • • • 2% 14 •• • • to—
North British • . .. • • .. • • 25 3914 •• • . to
Ditto, Half Shares • • .. • • • • 83l •• • • 14%%..
Ditto, Carlisle Extension . ,
'• '• 4 •• • to
North Staffordshire .• •• • • • • 425. .• • • 3% %p to
ttiehmoud to
I;eottlsh Central .. •• 12% '•** 19%•••• to 18%
Shrewsbury and Birmingham •• • 2% .... to
Shropshire Union , 425..... % di's.. • to
South Eastern and Dover .. 33% ' —
Ditto, New, No. 4.. •• ••••2% .. 3% tot
South Wales .. „„ 5 „ 3% 0 -
Warwick and Worcester .. 425. •• .. di. 4.t° 4
„ „ 425.....
West Riding Union -• • • .o
Wilts, Somerset, and Weymouth • .. 10 ..P •• to 3 p
York and Carlisle 2 6 •• .. to
York and North Midland .. .. 50 /4...• 34%•• to
Ditto, Scarborough Branch 25 4-6% tt°o Ditto, t•:xtensioi
Ditto East and West Riding F.xteriSion IYO •
totc' _39
FOREIGN RAILWAYS.
Boulogne and Amiens .. 14 . 12% .... to
Dutch Rhenish .. 6 %
East Indian as. .: 6to
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