The Sun.
London, England, 1844-01-17 00:00:00

17, 1844.

MONE lT AND COMMERCIAL NE WS
CITY, TUESDAY EVENING.
The Funds closed much the same. Consuls, 96i ;

-
Exchequer Bills, 80s. prem. ; and Reduced Three-and- a-
Half per Cents., 10211 Bank Stock was at 187 to 188.
The Foreign Market was quiet. Spanish Actives
were 221 to ; Mexican, 32.41 ; Colombian, 11* to t ;
Brazilian, 77.

The Railway Shares have been again quiet, but the
leading lines have supported their value.
The Foreign Exchanges did not vary to any extent.
Paris were a shade lower.

There were no exports of specie during the week up to
Thursday last.
(From The Sun of Last Night.)
There was an unusually animated market for Cotton
at Liverpool yesterday, and prices advanced again
per lb., making a farthing per lb. rise since Friday.
20,000 bales sold, including 15,000 on speculation.
The sales were 3,000 bales Surat, at 30. to 4$ ; 1,000
Pernambuc6, at 6s. to 61td. ; 200 Egyptian, at 7d. to
70. ; 1,000 Maranham, it 6s. to 6id ; and the rest
American, at sd. to 644 d. per lb. Shares were dull and
easier, except London and Birmingham, which were 238.
Eastern Counties were 104 ; Grand Junction, 233 ;
Brighton, 43f; North Midland, 91; Paris and Rouen, 32;
Paris and Orleans, 34; Paris and Lyons. 2/. 17s. 6d.
There are no arrivals of the last consequence in the
City to-day, and, as far as news is concerned, up to the
present hour, there is an entire absence of later news

from the colonies or foreign parts.
In the following extract from an American Contem-
porary, there Yrc many matters of considerable interest
to our manufacturing and mercantile readers. The ma-
jority of the journalists in the United States are be-
coming advoca:es of protection being given to domestic
manufactures :—" The value of the imports of inanufac-
Vires was much larger than for 1842. Within this reriod
the population of the United States has nearly doubled
itself, and the riches and wealth of the country have im-
mensely increased.—Population of the United States,
1820, 9,638,131 ; 1830, 12,866,920 ; 1840, 17,062,566.

" In this propor ion the future must exhibit the same
result. As the resources of this country become deve-
loped, and the various interests become reconciled, the
wants of the people will be more generally supplied by
themselves. The eff.,ct of all this is in the first place, a
decrease of the revenue. This fact should be taken into
consideration. Former tariffs createi a revenue that went

far towards swelling the receipts from Customs to an
amount sufficient to supply the wants of Government. The
causes that required a discriminating duty in times past
no longer exist—the same duty that heretofore existed
with the decreased imports, would not create a sufficient
revenue in proportion to their value for the additional
wants of Government, The falling off in the receipts
from Customs must be made up from the rest of the
importations. The decline in one place must be made
good in another. A more equal distribution must take
place, so as the decrease in any one important
item will have no very sensible effect. The
Secretary of the Treasury in his annual report batters
himself that the imprtatiuns will increase as the country
recovers from its late depr,ission. The imports into this
country never will reach again what they have been.
Our importation of cotton, woollen, and silk matiulac-

titres from abroad will gradually decline, under a natural
course of things, every year. They may from year to
year fluctuate with the state of the currency, but the
amount will assuredly settle down to a lower level than
has ever et been experienced. It is argued that a
nation must import as mueh as they expott—that
is true, but the balance of trade must come or go in the
shape of specie. This, in the course of time and events,
must be an immense exporting country, and the imports
will decrease, from time to time, until we become the
creditors of the whole world. Our revenue must in
process of time, emanate from some other source
than duties on import At present this is
the principal resource, which require careful
arrangement to make it productive. The
creation of a duty on foreign articles, similar to those
manufactured or produced in this country, for the pur-
pose of protection or revenue, cannot be depended on in
estimating receipts from one season to another, as our
own productions are so rapidly displacing similar ones
of a foreign manufacture; and the consumption, if prices
correspond, naturally inclines to the protection of our
own industry. This should have the effect to place
duties fur revenue on foreign produce consumed in this
country, which we cannot create, or obtain, except from
foreign countries."
The Commissioners have made their usual purchase
this morning in the Three per Cent. Consols, namely,
from 20,0001. to 25,0001. The amount taken for the re-
duction of the National Debt was not given, nor were
any Exchequer Bills bought. The presumption, there-
fore, is that the 200,0001. appointed to be expended
this quarter, in the diminution of outstanding Exchequer
Bills has been supplied by the Directors of
the Bank of England. The Funds have remained
extremely steady this morning at 964 to 97. Money
business has been done to some extent. The settlement
in Consols is fixed for to-morrow. The options will be
declared this afternoon. The opinion is, that the settle-
ment in Consols will be Bullish. The Reduced Three-
and-a-Halt per Cen:s. are 1021 to a, the New Three-
and-a-Half per Cents. 1014 to 102, and the Three per
Cents. 974 to 971. Bank Stock is up to 187 and 188.
Exchequer Bills realise 675. to 655. premium, and India
Bonds 795. to 78s.
The Foreign Account has been adjusted to-day, and
most of the bonds look steady upon it. Spanish Actives
are 22+ to ; and the Three per Cents., 30a 31 ;
Mexican Deferred are 101 ; and Colombian 111 ; Vene-
zuelan, owing to the new issue of 150,000/., to pay the
claims which Mr. Macintosh has upon the republic, have
been rather flat at 35i- 36 ; Dutch Two-and-Half per
Cents. realise 54/ to 5-1:1.
The Railway Shares have not been active, but gene-
rally obtain about yesterday's qw)tations.,
MANCHESTER STOCK EXCHANGE, JAN. 15.—There
is no new feature in our market to-day, prices are un-
altered, and i,usiness continues very limited. The fol-
lowing are our quotations :—Bolton and Preston, 25 ;
Manchester and Leeds, 100 ; North Union, 931 j ; Man-
chester and Birmingham, 38+1 ; South Eastern, 35f 4 ;
Ditto Scrip, 36 + ; Union Bank of Manchester, 8i 9.
CLOSING PRICES.
BRITISH FUNDS.

BDK Stock lBB India Stock ...... ...... 2731 pm
bla Cent. Red.
3 el: I:mt. Cons. ... 961 Ditto Old Annuities...
S 1 poi. Cent. Red lO2l Ditto New Annuities... 951
'N.A.' 31 per Cent lOll Ex. Rills, 1,000!. Ild. 67 pm
,New 6 per Cent, — Ditto 5001...... 67 pm
Louu, Annuities to expire Ditto Small
Jan. 1860 ... l2 11-16 Bank Stock for Acct. 168 i
4-ie t. It4b 9
;an. 1860 ...
FOREIGN FUNDS.

-suit:inn, 5 per cent
Belgian per cent
Brazilian Bonds 77
::1108 Ayres6 per cent
6 per cent
Colombian, 6 per cont ll}
Ditto 1824 ••
Cuba Bonds, 6 per cent. 11}
Danish, 3 per Sent.
Greek, 1825, 5 per cent.
Mexican, 5 per cent....
Ditto, 6 per cent. 1837
Peruvian, 1825,6 perct.

Portuguese,_ 5 per cent 73
Ditto, New Ditto
IPrussian, 5 per cent —
Russian, 5 per cent.....,
;Ditto, Metallic —
!Spanish, 5 per cent 221
IDitto, 3 per cent 3O&
(Ditto, Deferred.... . 121
French, 5 per cent —f. —e•
Exchange.......... —f
French, 3 per cent. —f. —c.
Dutch, 2/ per cent. 541
Ditto, 5 per cent.... 1001
RE S. _ _

SHA.
Eastern Counties (23 paid) lO
Edinburgh and Glasgow (50 paid) 574
Ditto Registered (121 paid) ... .....
Great Western (75 paid) •• 1081
Ditto Fifths (12 paid)
London and Brighton (50 pa d) . 444
London and Blackwall (161 13s 4d paid)
London and Birmingbam ( paid)........ 239
London and Croydon Railway (Trunk)
Manchester and Leeds (70 paid) ...... ...
South Eastern and Dover (50 paid) .. 311
Ditto Scrip (25 paid)
COURSE OF EXCHANGE.—(YESTERDAY.)
Amsterdam CF. 12 61 (Gibraltar .• ....... 46
Ditto, at sight
Rotterdam ...2 U. 12 6/'Genoa , • .26 II
Antwerp -26 0 Milan
Hamburgh M.B. 13 15 Venice
Altona
Paris, 3 days' sight ... 25 75 Palermo, per oz 1181
Ditto, 3 months 25 95 1 isbon
Marseilles
Bourdeaux 26 5 Rio Janeiro 23
Frankfort on Maine ...122 Bahia
Petersburgh, 3 Us. ... 361 Buenos Ayres
Berlin
Vienna, effec. fl. 3 M 959 Philadelphia .. 46
Trieste, ditto lO 0 'PRICES OF BULLION, PER oz..
Madrid

Cadiz 36i
Bilbao 36
Barcelona
Seville .

Portugal Gold Coin.. 3 17 5
INew Doubloons 0 0 0
New Dollars 0 4 9i
, Silver in Bars... 0 4 1

POST-OFFICE NOTICE.—The next mails for the
West Indies will be made up on Wednesday morn-
ing, the 17th instant (this day), to be forwarded
by the Tweed steamer, via Southampton. For
Oporto, Lisbon, Cadiz, Gibraltar, Malta, and the
lonian Islands, on Thursday morning, the 18th instant ;
and for Egypt and India, on the morning of the
Ist of February, via Southampton. By the over-
land closed mail, via Marseilles, on the evening of
the sth of February. Letters for Hong-Kong will,
unless addressed " via Southampton," be forwarded in
the closed mail, via Marseilles. and will be liable to the
same rate of postage as letters for India, viz.,
Is. 10d., sent by the closed mail through France,
which postage must be paid in advance. Those
letters, however, which are addressed " via South-
ampton," will be transmitted by that route, with the
mail for Bombay, at the rate of Is. the half-ounce, &c.,
may bP pre-paid, or the letters may be sent unpaid, at
the option of the sender. British newspapers,
duly stamped, addressed to Hong-Hong, may be
forwarded, via Southampton, free of postage. Those
which are forwarded via Marseilles, will be
liable to a postage of 3d. each. Sydney, New
South Wales.—The Mary Sharp, for the mails of
the evening of the 31st instant. The rate of postage to
be charged on all letters for New South Wales, not
market by " Private Ship," will be Is. per half-ounce,
which must be paid in advance. British newspapers,
duly stamped, may be forwarded by the packets free of
postage.
PROVIDENT CLERKS' MUTUAL BENEFIT ASSOCIA-
TION AND BENEVOLENT FUND.—The third annual
general meeting of the members of the benefit depart,-
ment of this Association' was held on Monday at the
Hall of Commerce • Mr. Thomas in the chair. The
Report spoke in highly encouraging terms of the rapid
progress which the Society was making, the amount re-
ceived in the way of premiums and' investments more
• than doubling the same items of the two preceding
years. The debtor side of the account showed the re-
ceipts during the year to be 2,382/. is 9d. The other
side exhibited a balance in the Bank4of England of
148/. ss. Id. ; 1,100/. stock in the Tlitetitimd-tr- Half per
Cents. Reduce', 1,0981. 10s. ; and 1,0001. New Three-
antLa-Half per Cents. Reduced, 1,020/. Iss. The re-
election of the managers and other routine business was
transacted, and titazteeting separated.