The Sun.
London, England, 1851-04-16 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool, yesterday, were
estimated at 3,000 bales, of which 400 American, and
100 Brazil, were taken for export. The market was
heavy, and all kinds were id. per lb. lower than on Fri-
day last.—ln Railway Shares a fair business was done,
at improved rates.

The letters by the Overland Mail have been delivered
to-day, and corroborate the statement& as to trade.
Swan River dates of Feb. 8 have come to hand via
India. They represent the prospects of the Mining
Company as being good.

The Secretary of the United States Treasury has de-
cided not to include freight in the list of charges to be
added to the cost of goods imported in levying duties.
This will sorely disappoint the Protectionists, as it was
their only chance for an increase of duties on imports.
The Act of Congress, in relation to this matter, was ca-
pable of all kinds of construction, and it was the prevail-
ing impression here that the Administration would have
seized upon this opportunity to have aided, as much as
possible, the manufacturing interests of the country at
largo. We suppose this decision settles the question so
far us this point is concerned.
"It is our impression," says one writer, " that the
system of valuation established by the new Appraise-
ment Bill will not do away with the difficulties expe-
rienced under the present Act. The ad valorem system
of levying duties does not answer in all cases, and we
have no doubt Congress will, before the close of another
session, make such alterations in the Tariff Act of 1846
as are required to simplify the method of valuing and
entering goods imported from foreign countries. There
are so many specific duties would be more just and
equitable, where so much arbitration and difficulty would
be avoided, that it must ultimately be adopted where
necessary."
The Secretary of the Treasury points out that—
" Inquiry having been made whether freight from the
country or place of exportation to the United States is to
be embraced among the dutiable charges, it becomes
proper to remark that under no former revenue or Tariff
Act has such freight ever been deemed a dutiable charge;
but, on the contrary, it has uniformly been decided by
the department to be exempt therefrom. If the depart-
ment were now called upon to give a construction to the
phraseology of the present law, as regards this point,
without reference to the wording of previous Tariff Acts,
or to the uniform practice of the department on the sub-
ject, it might come to a different conclusion; but the
language of the Act of 30th August, 1842, as regards the
11 items of charges which are to form a portion of the duti-
able va!ue of goods, is precisely similar to that of the pre-
sent law, and the construction pat upon the former having
been, that freight from the port of shipment to the
port of importation does not form a charge subject to
duty, the department, after very full and mature con-
sideration, does not feel authorized now to change that
construction, especially in the absence of any explicit
legal designation of freight as a dutiable item ; presum-
' ing► that, as Congress was, of course, aware of the long
practice of the department on the subject, its views would
have been clearly expressed respecting it had the Legis-
lature intended that the change should be introduced of
including freight as one of the charges on which duty
was to be levied. In addition to the construction thus
put upon the Tariff Act of 1842, and uniformly acted
upon since that time, the records of the department show
that the question has been frequently brought to its at-
tention, as far back as 1799, under statutes of similar
import to the present one, and extending through all the
subsequent years, down to the present time; and its in-
variable decision has been, that freight to the port of im-
portation was not an tern subject to duty.
The Committee for promoting the formation of a
Tribunal of Commerce are about to appeal to the public
at large for pecuniary aid, and among the members who
have just strengthened its ranks are Mr. Frederic
Somes, Mr. Edward L. Betts, Mr. Matthew For-
ster, M.P., Mr. Ross D. Mangles, M.P., Mr. B. M•
Willcox, M.P., Mr. J. L. Ricardo, M.P., Count de Torre
Diaz, (Messrs. Zulueta and Co.), Mr. Lawrence Hey-
worth, Mr. J. Trueman, and others.
The English Securities continue rather heavy, and
the idea is not wholly dissipated that the Bank of Eng-
land may advance its rate of discount. We believe this
to be wholly improbable, and that the exportation of
specie to the continent will soon cease, although the
next weekly Bank return may show a further reduction.
Consols have been quoted 97k I for Transfer and Ac-
count. The New Three•and-a-Quarter per Cents. have
been 97:1 to 98, and the Three per Cents. 964 to
Bank Stock has been firm at 212. Exchequer-bills
have been quoted 575., and India Bonds 61s. to 635.
premium.
The settlement of the account in the Foreign Market
has gone off satisfactorily, and has resulted in an im-
provement in some of the Stocks. Spanish Five per
Cents, have been 19f, the Passive 5i to and the Three
per Cents. 39k. Portuguese Four per Cents. have been
marked 324 to 33k. Mexican Stock has been at 33i to
34, and Grenada at 164 ex. div. Dutch Four per Cents.
are 90} to I.

This is " account day" in the Foreign Market, and
many of the lines that are being taken up by the Bulls
are higher in consequence. Aberdeen, Dublin, and
Belfast, East Lancashire, Great Western, North
British, and York and North Midland have been in fa-
vour. Caledonian are barely so good. Foreign Shares
are dull, but steady.

HALF-PAST TWO.

Mexican has just risen to 34i It is stated that the
inch mnity money is certain to be assigned, and largo
purchases have been made.

QUARTER TO THRE"
... 97i
ONE
PRICES OF BRITISH FUNDS O'CLOCK.
Bank Stock
3 pa Cent. Reduced Anne.
3 per Cent. Console - 97143%
Sew 3% per Cent. Anne- 9B 97,Y1 98
..ong Nuns. to expirJan.lB6o 7 5-16
Ditto, 30 years, Oct. 10, 1859 7 1-16
Ditto 30 years, Jan. 5, 1860
India Bonds, 1,0004

_
Console ••• ...
Ditto Account, May 13 ...

CLOSING
PRICES.
211
9614
9714
981/s
7t
7 1-16
7%
61 p
59 p
97%

Ditto under 1,0001 ....... 61 59 p
C insole for Account 971/4 Vs
Exchequer Bills. Lyto. re 2d
1,0001. June 57 r
5001. June
Small. June 57 54 p
ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
irazilian Bonds
Equador Bonds
Grenada Bonds, 1% per Cent
Do. Ex Dec., 1849 Coupons 16%
Ditto Deferred
Mexican, 5 per Cent.lB46, with Coupons--
Ditto, Ex Jan. Coupons 331,4%
Ditto, Account
Peruvian Bonds, 5 per Cent —
Ditto, Account
Ditto Deferred ..... —••—
Portuguese 5 per Cents.
Ditto, 4 per Cent.
Ditto Account ..... .
Ditto 3 per Cent.
Russian Bonds _
Ditto, 41,4 per Cent
Ditto, Small
Spanish 5 per Cent. 1840 1914
Ditto, Account .....
Ditto, Passive S%IA
Ditto. 3 per Cent.
Dividends on the above payable in London.
Dutch 2% per Cent.. 12 Guild.
Ditto 4 per Cent. Certificates

COURSE 0:
Amsterdam • •• • 11 16

- -
Ditto, three months 11 17
Rotterdam .•.. • • .... 11 17
Latwerp •••••••• •• • • .. 25 30
Brussels •• • • .. - • • 25 30
aamburgh •• •• • • M.B. 13 8
Lltona • • • • •• • • • • • •
Paris, 3 days'slght .. • . 25 534
Ditto, 3 months 25 3054
Marseilles ............ 25 30
Bourdeaux ••••• • • • • .
Frankforton Maine.... 119%
Berlin • • •• • • • • • • •• • • • •
Vienna, effec. AO • • •• ••
Trieste, ditto.... • • ....
Petersbargh, 211. Rble.. 3734
Madrid •• •• •• •• •• •• •• 5034
Cadiz •• •• •• •• • • •• •• •• 50%
Barcelona •• • • • • • • • • • • --
Seville.. •• •• •• •• •• •• ..