The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-02-20

On seven articles in this list the duty is entsely
moved while the other ten, the reduction proposed
varies from fifty TO ninety per cent The duty Indian
corn reduced to shilling sterling per quarter Of
American bushels about three cents per bushel.
The attention of the commercial classes Of Great Br.
tain is turned to this country in expectation OF reduc
ton in our tariff There appears to be determination
IN Parliament 10 bring down the tariff Of Great Britain
TO the lowest point and is expected that reciprocal
movement will be made In reducing the duties the
manufactures Of Great Britain, imported into this
country. Tho txo governments have before them
bills for The reduction OF the tariff and il is due that
government that the mos. liberal compromise in our
commercial system shoud be made The bill pre-
posed by Mr.. Walker would be highly satisfactory to
the commercial classes OF Europe generally and Great
Britain particularly and afor the reported reductions
made in the duties American produce in England is
but just It is but fair, that concessions should be
made on our aide Reductions have, from time to time
been made IN the British tariff, upon products with
OUT corresponding re uction, the slightest
duction, on the part of government and notwith
standing these repeated sappointmsnts the
OF Great Britain have proposed another reduction before
the nst change has been made in tariff In the
Of those facts, it becomes necessary that immediate ea.
should be taken to adopt Mr. Walkers BILL
and place tho tariff upon the liberal foundation
The London Money Market was in very unsettled
state stocks were heavy and prices tended downward
The Bank of England continued discounts former
rates. but 1t very cautious its discount railway
purposes. In consequence OF this restriction money
was rather scarce and large amount OF stocks were
pressed for sale.
The cotton markets were very active but prices re.
manned without any material alteration Accounts from
ibis side had been received in Liverpool giving esti
mates OF smaller crop than anticipated, which had
ther an Improving tendency upon prices but the state
Of the money marketand the restrictions placed upon il
WIKI regard to discounts had caused slight reduction
in quotations, some kinds Of American The Market
however. closed the 81 instant hrm with very little
doing
On the WHOLE the commercial IL very important
and both regards the demand and prices OF
great staple and regards trade generally between
this country and Great Britain. The political news also
possesses great interest must give confidence in
the permanency Of peaceful relations with Eng land
aud do away with many Of those cars and alarms which
have for the past year had blghting effect upon
commercial affairs. The remarks OF Sir Robert Peel
indicate an intention the part OF the government to
settle the Oregon question by negotiations IL possible
and his siluson to the course pursued by Mr. rakenha
IN refusing the offer made by Mr. Buchanan is pretty
good evidence that had the offer been submitted by Mr.
faksnham TO his government, !, would have been very
favoraby received, and perhaps have been accented
Mr. raksnham therefore deserves the censurs tho prime
minister gave him in Parliament an the tbs.
have grown, and those that may grow GU, Of ,h, oue,
tion, be attributed entirely refusal Of N, las,
sssr OF Mr.. Buchanan, By Mr. Faksnham, without CON
suising bis government.
We annex comparative statement Of the valus az "a
reign msi cnandiss imported into the district Of Bo.on
aud Charleston in American and foreign vessels during
tho years 1914 and ls4o - ="
COMMERCE or Bo,ros-vAlor or hpo.r.
Good. H.. ssw $50. is,c 49,. ls,, 49, ,
psy,as dat |. i'd yaiore m, cssi ISL nso,ls sIf.os