The Sun.
London, England, 1851-06-12 00:00:00

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Gen. Steam Navigation .
Penin. & Oriental Steam.
Ditto ditto
Royal Mail Steam .....,
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will lot be influenced by

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 8,000 bales, of which 1,000 American and 500
Surat, were taken for export, and 500 American on
speculation. The sales comprised 6,500 American, 100
Pernam and Maranham, at bid. to 74d.; 100 Bahis, at
61cl. to qd ; 150 Egyptian, at bid. to 71d.; 1,000 Surat,
at 2id. to 41d.; and 20 Sea Island, at 11d. to Is. per lb.
The market closed firmly with American nearly id.
per lb. higher.—Railway Shares were firm at slightly
advanced rates.
The six weeks' average price of Wheat is 38s. 10d. per
quarter, and the sales have been 88,203 quarters.
Much has been said and written about Customs' abuses
and frauds, and there can bo no doubt that good cause
for vigilance exists, and that the revenue has suffered
greatly, not alone by the smuggling of the dishonest
trader, but likewise by the connivance of the officers ap •
pointed to protect it. What is now being brought under
the notice of Parliament and of the public is, however,
of a totally different character, being neither more nor
less than allegations of utter disregard to principles of
justice and habits of business on the part of the adminis-
trative body of the Customs—the Commissioners. One
might also say, from the powers with which the Board
is invested, that it is both legislative and executive
in its functions, and a more arbitrary or
carless exercise of gigantic powers it is
scarcely possible to conceive. The fault is inherent
in the system of appointing these responsible parties,
and one is at a loss to conceive how business can have
so long been conducted under such arrangements with-
out exciting the irresistible feeling that has lately arisen
among the mercantile body, who will, we feel persuaded,
never rest satisfied until there is a thorough reform.
The prosecution of the Dock Companies has brought
the matter to a crisis when it might have smouldered for
a long time to come; and the committee of merchants
formed to accelerate a re-modelling of our Customs' ad-
ministration is working with that zeal and energy so
peculiar to Englishmen when once aroused, though so
difficult in the first instance to excite. The time of our
commercial men is too valuable not to prove always a
preventive of frivolous complaints. The committee
have published a further series of cases as follows:
" 1. Instances in which, through mistake or igno-
rance of the merchant, higher than the legal duties have
been exacted, and all redress or restitution withheld.
" 2. The deliberate defiance of their own laws by the
Board and the Treasury; and their encouragement of
mere speculative seizures for ad valorem duties by the
officers to promote the profit of Custom-house sales, to
the sacrifice of the business of the merchant.
" 3. Ddost oppressive and vindictive accumulations
of prosecutions against meritorious public officers, upon
whom ruinous expenses are heaped for indictments
which are proved to be unfounded by their failure; while
no redress is given for the wrong.
" 4. Seizures of wholesale imports of goods liable to
ad valorem duties, on the speculation of realising a profit,
by converting the Custom-house into a huckster's shop
for selling at retail prices.
" 5. Seizure of British goods as of foreign manu-
facture, and combinations of the officers to intimidate
the merchant into abandonment of his lawful property,
virtually abetted by the refusal of all redress by the
Treasury. _ _

"6. finical officiousness, and overlaying the intel
ligent discharge of reasonable duty with martinet stria.
gency.

" f. Wresting the powers of the law to the oppression
of the labouring poor.
"8. The punishment of mere ignorance with the
penalties of fraud; churlish official bearing, especially
towards foreigners; and unnecessary delays, expensive
to the public."
This little recapitulation of instances will serve to
illustrate what upon a future occasion it may be neces-
aary to refer to more in detail.

The English Stock Market has been very firm again,
and the advance which occurred yesterday afternoon has
been supported, although the amount of business done has
not been large. Consols have realized 98 to for Transfer
and 98i to for Account. The New Three-and-a-
Quarter per Cents. have been 98i The Transfer
Books for Consols close this afternoon. Bank Stock has
bee❑ at 2114 to 2121. Exchequer-bills have been 435.
to 465., and India Bonds 525. to 535. premium.
In the Foreign Market the settlement of the half-
monthly account is in progress. Mexican Bonds have
been at 34i to and Peruvian Five per Cents, at 81 to
88, being steady. Spanish Five per Cents. have realized
20i I, and the Three per Cents. 40i to Portuguese
Four per Cents. have been at 324. Venezuela Stock has
realized 32k. Belgian Four- and-a• Half per Cents, are
814 to 92, and Russian 102 i. There is, as yet, no
speculation for the New Account.

- The last week's Railway Receipts, ascertained up to
this day, are in round figures as under:—

1851. 1850.
Great Western...
North-Western 58,455 48,277
South-Western 15,419 ... 11,068
Brighton
Midland
South-Eastern
North Stafford 4,974 .. 4,322
Caledonian
The above excellent traffic returns have imparted no
stimulus to speculative dealings in railway shares, and
the quotations have not been buoyant. The business
doing is very limited.

Console

QUARTER TO THREE.
... 98

Ditto Account, July 17 ... 9811
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank 5t00k...... 212;, 211%
s per Cent. Seduced Annuities 1,414
per Cent. Consols Anna
Now 3!4 per Cent. Anus. 9846%
Long Annuities, Exp. Jan. sth, 1860 7 5-16
De. 30 Years, Expire Jan. 1, 1860 7 9-16
India Stock
Do. Bonds, 1000/ 53 62 p
(kneels for Account . 981 h%
Nehesuer Bills. lU,d.
1,0001."' 4643p
46 43 p
Small 43 47 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Moxaerw 80nd5,1846,5 per Cont., Coapotut 34%
Fernyian Bonds, 6 per Cent 87% 88
eortagnese Bomb', 5 per Cent
Ditto 4 nor Cent.
Russian Bonds. 1822, 6 per Cent —
Ditto 4;4 per Cent. 1021,E
Spaaish Bonds, 6 per Cent 2034

Kaaniith Bonds, 3 i)er Cent,lB4o 40i/;104
Venezuela Bonds
Dividends ea the above payable in London_
Austrian Bonde, 5 per Cent.....
Belgian 4►,4 per Cent . 92 913,4

LLOYD'S SHIPPING.--( THIS DAY.)
LONDON, JUNE 12.—Wind at noon W., fresh gale and
cloudy, with rain at times.
PENANG, APRIL 17.—The Jasich Austrian barque
has just arrived from the west coast of Sumatra, bring-
ing intelligence of the murder of the master end
natives,
who mates of the Sicilian barque Clementine, by
who made off with 20,000 dollars. We hear also that
she was recaptured by two American vessels, who made
her over to two French ships, and was afterwards sent
on to Bourbon.
ELSINORE, JUNE 7.—The Neptune steamer, which was
on shore on the Swine bottoms, has been got afloat this
afternoon, and will probably be towed up to Copan-
hagen in the course of the night.
LLANELLY, JUNE 11.—The Sea Adventure barque, of
Shoreham, bound to London, struck on a sand bank,
and has come into harbour with four feet water in her
hold.
PORTSMOUTH, JUNE 11.—Wind N.W. to W
Sld. Sir Robert Peel, New York; Nell, Madras.S•Wa'n—d
Calcutta; Japan, Mauritius.
FALMOUTH, JUNE 11.—Wind
Aurora, Sierra Leone; Jane Erskine, variable.—Arrived
Savannah.TßALEE.—Sld. Duncan, Ritchie, New York; Meame,
Quebec.
LERWICK, JUNE 10.--Wind N.N.W.—SId. Ann and
Marie, Quebec.
FARO, JUNE 3.—The Swallow, Cadiz to Sydney, C. 8.,
got on shore on the sands here 30th May; got off after
throwing part of cargo overboard, and making 40 inches
of water per hoer; has been surveyed, and will discharge.
LivEaPooL, JUNE ,11.—Wind N.W.—Arrd. Eliza
_Bell, Mauritius; Columbus, New Orleans; William
Nelson, ditto; Rosetta, St. Stephen's, Newrunswick;
Lochinvar, St. John's, New Brunswick. Off port, Con-
fucius, China; Dickey Sam, Callao; Albert Gallaton;
William, Alexandria. Sld. Johannes, Rio Janeiro;
Eunomia, Bolivar; Catharine, Staten Island; Paella,
Cunso; Rossevean, ditto; Rhondda, Buenos Ayres;
Nuovo Pluto, Rio Janeiro; Eliza, ditto; Arctic steamer,
New 'York; President, Boston; Legusta, ditto.
DEAL, JUNE 11.—Wind N.W. to S.—Arrd. Gustave,
New York; Chantley Castle, Colombo; Juno, Callao;
Cleopatra, Barbadoes; Andre et Celeste, Porto Rico.
Arrd. from the River, Phmnecian, Sydney, New South
Wales; Statesman, Port Philip. Arrd. from the River
and od. Cconamndoro, Clyde and rod 1191106.

Paid. Nominal prices. I Business &tieto-day.
•
Australian • • 4 1%
Barossa Range • • 113 0 .
Blaenarvon hoz and Coal all .
Bolanos Scrip
British Iron •• • ... 13 5 .
Brazilian Imp. (is. 51. p.) 24%
Do. Cocaes and Cniaba all 32% —32
Do. St. John del Rey.. 15 17 —l9
Cobre Copper . ..... 40 38% —39
Copiapo ..... • • •• • 14 61 —7%
General.
Mexican& S. American 9 3%
Real Del Monte, Ilareg.
Do. Black Debentures. • •
Do. Red Debentures ..
Santiago de Cuba . . lO 734 •6%
Tin Croft .............• 7 4%-- 5
United Mexican ..... ..• 28 28N 314 —2%
JOINT STOCK BANKS.
Australasia ........ •• • • all 33 32%
British North America.. 50 42% 43%
Colonial ........ • 25 10% —l2
Commercial of London.. 20 25 25%
London Joint Stock .... 10 18% 17%
London and Westminster 20 27% —2831
National Provincial Eng. 35
Do. New ...... • • 10 .•
National of Ireland.... 22% 18% 20%
Provincial of Ireland 25 42 —44
Do. New all 15% —lb
Union of Australia • all 35 33%
Do. New ........•• 2% 3 334
Union of London •• 10 12% —l3
Union of Madrid • all ..
MISCELLANEOUS.
Canada .........• •• • • 3234 44% 4634
Gen. Steam Navigation . 14 26% —2B
Penin. & Oriental Steam, all 69% —7l
Ditto ditto 5 11 1134
Royal Mail Steam .. •• • • 60 75 —7B 76
IWe cannot be answerable for the errors of the Lists, and
will lot be influenced by interested correspondents.]