The Sun.
London, England, 1850-10-23 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.

The Cotton market at Liverpool yesterday was very
firm, sales about 6.000 bales, nearly all American, of
wh ch 500 were taken for export.—The Share market
was active, and a good business was transacted at about
previous quotations.
Some of the continental mails are behind time this
morning.
At Stockholm, recently, there has been an unusual
number of ships, and this occasioned a slight de-
pression in freights. The imports were moderate
generally, but large supplies had been received of grain,
coals, and spirits, wbida consequently were rather dull
of sale. Coffee, tallow, and some other articles were
brisk, and had an upward tendency.
In our notice yesterday of the important letter from
the Secretary of the United States Treasury, concerning
frauds upon the revenue, we by no means exhausted the
subject, for it has numerous bearings, and not the least
interesting is the edmitted necessity of protecting mer-
chants of known character, who are forced, us is stated,
to abandon their business as importers, owing to the
competition of less scrupulous parties who evade pas-
rnent of the full duties. Whether the American Legis-
lature will make the required alterations, and substitute
valuation in the Atlantic ports for the European in-
voiced prices, is yet to be determined. To elucidate
more fully the real and existing state of the law, we
give the following extracts from the circular of the
Customs' officers, which was called forth by the allega-
tions that importers were is the habit of omitting to
produce invoices of merchaudize on the alleged ground
that none had been received, and asking entry to be al-
lowed on appraisement:—
" The frequency of these occurrences forbid the idea
that the non-reception of an invoice usually proceeds
from mistake or accident, but induces the belief of in-
tention and design, probably with the view of evading
the additional duty imposed by the 17th section of the
Act of the 36th August, 1842, and the eighth section of
the existing Tariff' Act of 30th July, 1846.
" Whele goods have been actually purchased, the law
requires the invoice to state the true cost, and not the
market value abroad. The privilege, therefore, given in
the eighth section of the Act referred to is to enable
importers of any goods flea have been actually pur-
chased, on making entry of tve same, to add to the cost
given in the invoice to bring it up to the true market
value abroad.

•" Where goods have been obtained by the owner in
any other way than by actual purchase, the law re-
quires the invoice to exhibit tie fair market value
abroad.

" Where the value declared in the entry shall, on due
appraisement of the goods, be found so far below the to •
reign cost or market value as to raise a presumption of
being fraudulently invoiced, seizure and coefiscation of the
goods should take place under the previsions of the Act
of 2d Merch, 1799, and prosecution of the offending
party, under the 19th section of the Tariff Act of 30th
Augus', 1842, instituted.'
'• And on the sth of July, 1850, it became necessary to
repeat, in substance, the rules and regulations prescribed
by Secretary Walker, in regard to the date in reference
to which appraisements of the market value of imports
should be m%de:—

" That the period of the exportation of merchandise is
the time at which the value or price of any article is to
be fixed by the appraisers.
" ' That in ordinary cases the date of the bill:of lading

may be regarded as tl;ts period of exportation. -
'That where merchandise shall be entered at ports
where there are no appraisers appointed, the foreign
value is to be ascertained, in the manner before pre-
scribed, by the revenue officers to IS m is committed
by the laws the estimating and collection cf duties in
such cases.'"

It is satisfactory to notice a trifling reify in the rates
of exchange for bills upon the principal cities abroad,
but upon inquiry we could not learn yesterday afternoon
that any large amount of business was done; on the
contrary, there were in bills upon Vienna and one or
two other places, scarcely any dealings, confidence con-
tinuing at too low an ebb in respect to Austria. Bills
at 90 days date were quoted 25 421 to 45 on Paris, 25
428 to .17i oil Antwerp; 11 19 to l9i on Amsterdam;
13 9i to 10 on Han burgh; 1191 toe on Frankfort;
and 12 7on Trieste. Silver is still rising in value.
Standards bars are now ss. id. and now dollers 4 10id.
The market for Public Securities has been depressed
this morning, the decline in the quotations being about
4 per cent. The wet weather has undoubtedly some in.
fluenee, for the foreign intelligence is not of a different
character to that of late received. Everything is un
settled abroad, and at any time political trouble may
be renewed, but as far as England is concerned, these
will not generally be of a nature to affect the values
of Stock, a xcept speculatively and for the moment. Con-
sols have been 91 g for Transfer, and 974 4 for Ac-
count. The New Three and-z-Qauter per Cents have been
981 to 99, and the Three per Cents. 96i to 96g. Bank
Stock has risen to 211 and 2111, and India Stock is
firm at 269. Exchequer-bills are steady at 67s to 70s,
and India Bonds at 88a. to 9 Is. premium.
The Foreign Market has been very' quiet, and rather
flat. Peruvian Four-and-Half per Cents, have been
quoted 81, and the Deferred have been done at 36 and
361. Mexican Bonds are 318 to 32, and Brazilian 90
to 901. Portuguese Four per Cents. have realized 34k.
Russian Four-and-a-Half per Cents. have been 91.
The Railway Share Market has given way, and lower
values have been submitted to (or several of the lines.
Great Northern continue in favour, but Midland, Great
Western, South-Eastern, York, and North Midland, and
Gthers, have lost the pre%ious advanee. Brighton keep
up. and among the foreign lines Namur and Liege, and
Sambr6 awl Meuse are well supported. East India are
a shade higher. Mining, Joint Stock Bank, ani team
Navigation Companies' shares have been in demand.

QUARTER TO THREE.
Consols ... .. ... ... 97i I
Ditto Account .. ... ... 97i. i-
ONE CLOSING
PRICES OF BRITInfI FUNDS O'CLOCK. PRIOEs.
liana SV.,cli ..
per Gent. Redneod Arne.
3 per Cent. Consols Ano uities... -... 97%N, 97t
cew 3% per Cent. Anna- ............ 98% 99 98% 98%
L lag Anna. to expirs J an. 1860 ...... 7 13-16 7%
Ditto, 30 years, Oct. 10, 1859 ...... 7 9-16 7 9-16
India Stock
r dia Bonds, 1,0!01~..
'onsols for Account 97%N% 971 J.
T.xchequer Bills. 1 t,,,,1. & 24
1,0001. June
5001. June
Small. Jane
ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
srazilian bonds 9O WI 901
Xexican, 5 per Cent.lB46, with Coupons—
Ditto, Ex Jan. Coupons
Ditto. Account
Peruvian Bonds, 4 lA, per Cent Bl 81
Ditto, Account ..... ..
Ditto, Deferred 36 36% 3678
Portuguese 5 per Cents.
Ditto,4 per Cent.
gust:dart Bonds •.. —•—
Ditto, 4% par Cent
5T.4,n1.111 5 perC:nt. 1840 —
Ditto. 3 per Cent
Dividends on the above payable in London.
FRICES OF PAID. -
RAILWAY SEARES.AT ONE O'CLOCK. PRICE
berdeAn - 9
. Do. Preference Si. Os. Sd .. dis
Amber. Nett., Boston,
end Eastern Junction 81,.....
kyrshire and Galloway.. 744
361. fast & County Down 32 ......
3erka & Hants Extcna.
(Gt. West. Per. 5 per et.) 6
•rnainghana and Ox.-
lord J nnct., calls duly
told, or with a guaran. 20 - •••
Do, without guarantee 20
sinning, wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 15
Do. without guarantee 15 - •.. •• - ........
Birming.,Wolverh'pton,
and Stour Valley 131. 14a ...
Birkenhead, Lancashire,
and Cheshire June.... 26
3risto! and Exeter 100 ...... ...
' uckinghamshire ...... 1714,
Caledonian
Do. Now 101. Pref..... 10
• Ditto,ClydesdaleJunc 50
Chester and Holyhead-. 50
Dittc, Preference l5 ...... ... .. —
Clarence
Direct London & Ports-
mouth
Dublin and Belfast June. 45 ......
Oundalk& Enniskillen 30 - ••••• •••••.•••
E est Anglian, 251., L. &
E. and L. and D... 25
Do. 181., E. & H....... 18
Do., 3/...105.,Pref...,...,. 314

Do., (51.) 7 per Ct. .
Preference......
Ditto (7t. 175.) 7 per
Cent., Preference 2
astern Counties...
Ditto,Extension, 5 per
Cent., No.l 61.13 a. 4d.... p — p
Ditto ditto, No. 2...61. 13a. 4d... p x.d —p x.d
Do., New Preference,
6 per Cent. .......... 10
Do. North. & Eastern,
6 per Cent.
Ditto. 5 per Cent.... 50
Do. New 43
c astern Union, Class A
(late E. . Shares) 25
Ditto, Class A, ditto... 6
Do., Class B Si C 25
Do. Scrip (6 per cent.) 20
East Lanca,hirs 4..25 _

Ditto, New Quarters.. 6M ...... ...
Do., 6 per Cent. PL'e-
ference Quarters ... 6M •••••......

East Ltneoirvatire, guar.
6 per Cent.
li:duaourgh and Glasgow 50 ........

`air., Perth, & Dundee 25
Ditto, Newport ....... 15 ..
Exeter.Yeovil, & Dorch.

Exeter and Ex- mouth... 21s.
41-,,vow, Dureries, and
Carlisls B,. 6s. 8d.... --
Glasgow,Kilmar.' & Ayr 50 -
Do.Preterenee Consol.
Gloucester & Dean Forest 16 .....•
,Jreai, Northern
D0.,',.., A Deferred ... 12%...... 4 '.l-•• ••• •
Do„ 1,6 B 6 per Cent... 12% ...... 10 -ii IA
Do., 5 per Cent. Prof. 121% .... 12,411
r.-K, ,out,i. and W est.
(Ireland)
Ditto, Eighths 2%•••••• 3 31/8..... ....... 3,43
mu North of Engiand.loo ...... ... —
Ditto, Now, 40' 4O
Ditto, New, 30/ ......... 30
-itto, ..N ..!w ,151... ...... 15 ...... —,
G Tat W. stern ........... :100 7Ol/j, IA 711/... .•
71 it
Ditto, New 171... . .... 15 ... 9y4
.:::,.... 7... Ig:
Hull and 011. y .....••• 5U ...., -