The Express.
London, England, 1853-06-21 00:00:00

COMMERCIAL INTELLIGENCE.

BOMBAY, MAT 21.
There is little to remark on the state of the money mar-
ket since our last report. The speculative demand for go-
vernment securities that tease in the early part of the
month has entirely subsided, and prices have somewhat re-
ceded. The transactions in bank shares have been very
limited, and altogether our market is unusually inactive
even fur this season of the year. Since the date of our last
commercial report we have had large arrivals of shipping,
and a fresh supply of goods having been thrown upon a
market already dull, owing to the near approach of the
close of the season, added to the anxiety shown by holders
to realise before the monsoon, and the caution evinced by
dealers in making purchases, have tended to reduce the pre-
vious value of manufactured goods.
GRIT SHIRTINO6.-40 in. 51 at 11b. ready for delivery,
still command Rs. 3 7ans. ; 6at 611 b. Its. 3 Plans. to Rs.
3 14 ans. ; 7at 711 b. Its. 4 at Rs. 41 per piece, those of 8 at
at 911 b. are with difficulty got rid of at Rs. 4 10ans. to Rs.
6/ per piece. Goods of 45 in. may be sold in small quan-
tities-61 at 71b. from Rs. 48 ans. at its. 4 Sans. ; 74 at 811 w.
Rs. 4 7ans. at Rs. 5 per piece.
Gamy MADAPOLAKS.—This class of goods of 21 at 311 w.
are saleable at Its. 1 Hans. at Rs 2 per piece ; for these of
311bs. there have been less inquiry for at Its. 2 to Re. 2
lug. per piece.
GREY JAccoNars.— The lower qualities of this class of
goods are saleable at Rs. 1 3ans. at Rs. 1 Bans. for 40 in. ;
45 in. would meet with a ready sale at Rs. 1 Hans. it Re. 2
per piece. There is little or no inquiry fur the better
qualities.
BLEACHED Goons.—Low qualities are still saleable in
small quantities ; for the higher qualities there is no in-
quiry.
Laren's AND LArraz SCARES are still saleable.
YAaNs having been brought in large quantities by the
ship which have lately arrived from England, and the
export season being now closed, very few transactions have
been entered into, and those at a very material decline on
the rates formerly quoted.
ORANGE YARNS have arrived in large quantities, and
some sales forced : the price may be quoted at 10 to 111
minas per lb. for the usual numbers.
MALI. THREAD sells in small quantities at 81 to 12 arenas
per lb., according to quality.
CaowN GLASS is m request at Its. 121 for 200 feet.
Quart bottles sell easily at Rs. 1 2 ans. to Its. 1 6 ans. per
dozen. Pints, at 13 to 11 anus per dozen. Corks are
difficult of sale at Rs. 2 per gross.

MARINI STOIII.4.—CSIIVES IS in small demand at 11 to
16 Rs. per bolt. Cordage and twine are in demand, the
fleet at lts. 20 per cwt., the latter at 9 anon per lb. Tur-
pentine and linseed oil are likewise wanted, the first at
Rs. 2 to 21 per gallon; boiled oil at Its. 2, and raw oil
Rs. 1-10 ans. to Its. 1 12 ans. per gallon.
LINSEED is held at Rs. 3 10 ans. per cwt., although some
was recently sold at a few minas lees.

Corrox.—Ae freights fell holders raised the price so
considerably as to hare restricted purchases to those who
are compelled to fill up the Tussle loading. Prices may
however be expected to fall shortly, as the new crop is
arriving freely ; the stock in hand is heavy, and it will be
steseasary to store all which may remain unsold previous to
the setting in of the rano. The following are the prices
last paid :—For Broach and Jumbooseir, R 5.106 to 111.108 ;
for Dhollera, Rs. 100; for Oomrawutty, Rs. 98 per
candy. At thee. rates, with other chwytes, it could not be
laid down in England at lees than from 4.10 th d. to
4 6-10th d. per lb.

Fautntrr.—Owing to the very lrge arrivals of shipping
from England and Australia smee our last, the rates fell
rapidly from 31. 15s. to 21. 104., at which rate tonnage was
ales op briskly for Liverpool, and 21. 15s. per ton to Lon-
don; within the last two days freights have again advanced,
and may now be quoted at 31. to 31. 21. 6d. to Liverpool ;
for ready ships, 31. ss. per ton. In China freights there is
no business doing, the rates beim, still further reduced
since last, and may be quoted at re. Ili to M. 13 per candy.
EXCHANOZ operations have been rather briskly entered
into within the last few days; a few document bills were
offering, and with a scarcity of China bills in the market,
business was done at 2s. led., this rate has since declined,
and may now be quoted tor first class credits, 2s. led. to
is 6 months' sight. On 'Cana a. rs. 99; on China,
ta. 228 to 227 per 100 dolly!' 60 days' sight.

CALCUTTA, MAT 6.
The shipments of indigo to date amount to 23,73.5
chests, containing 89,197 fy. mds., of which 12,623 chests
have gone to Great Britain, 7,879 to France, and 1,303
to America. Sugar has been in good demand, and prices
ere well maintained. The exports in March to Great Bri-
tain amount to the large quantity of 216,878 nrds. There
is a falling off in the demand for hems shipments of salt-
petre, owing chiefly to the high rates of exchange ; the
American demand keeps prices up to previous rates. The
exports of rice to Great Britain have been larger than they
were in the previous month. The market is ban of raw
silk; the April buud has also failed is consequence of
the drought, and our next important supplies must,
therefore, come from the rainy bund. The stock
of Corahs is limited, and holders demand impracticable
micro. Shell lac is out of inquiry, and down 4 names per
md. The inferior qualities of lac dye are quite neglected,
but the superior marks maintain their place; the first
arrival of the season of B Mirsapore has been placed at
53 re. per md. Hide continue in active demand, and the
exports to Great Britain have been large. Lineesd has
obtained a further advance of about 2 =Rai per md.; the
demand continues particularly active for both the English
and American markets. Jute also esntinues in good de-
mand. The minor staples present no feature important
enough to require notice.
We regret that we can only give a dull report of our
market for cotton goods. Since the date of our last
circular, the demand for almost all kinds of cotton piece
goods has fallen off very considerably, with, is some in-
stances, a trifling decline in value. It must not, however,
be forgotten, that this is usually the most dull season of
the year, owing to the difficulty of navigating the Ganges
between Calcutta and the Upper Provinces. The up-
country demand is very slack, but we hope to see a revival
towards the end of the month, when dealers will require to
commence their arrangements for laying in supplies against
the opening of the rivers. Some of the larger dealers have
been attempting to secure for themselves the whole
freight of the river steamers during the rainy sea.con.
The inquiry for mule twist is languid ; all counts have
gone a little lower ; comwon 40s are barely saleable at
annas 3 6 per month ; stocks in first and second lauds are
estimated at about 6,500 bales, and are accumulating. The
demand for coloured yarns is limited, and prices are some-
what easier. Metals, excepting lead, have improved.
Copper has further advanced in value, and has still an up-
ward tendency. Iron is aloe looking up. Steel is in good
demand. Spelter has advanced to 9.14. Salt has declined
2 to 3 re. per md., owing to a reduction made by govern-
ment in their prices.
Money finds employment very readily, and the rates of
interest are tending upwards. Govegiment have notified
that they will pay off, or accept as subncription to the 4 per
cent. loan now open. a portion of the Five per Cent loan of
1825-26, commonly called the second Five per Cent. loan.
The numbers to be reduced are from No. 1,151 to 5,500,
amounting, it is estimated, to about three crores of rupees.
If the attempt to convert this slice of the loan into the Four
per Cents. will prove successful, there is little doubt that
the remainder will be subjected to the same process, and,
in their turn, the remaining Five per Cent. securities. The
above announcement sent the new Five per Cent. paper
up to 110.12 and 111.0, but as many holders hastened to
realise at those rates, the price speedily fell to 109.8, but it
has again risen to 109.11 to 110. The Third Five per
Cents. rose to 105.4, but have subsided to 104.8. The Four
per Cents. remain at nearly par. Transfer Five per Cents.
have come down from 6.8 to 5.
The non-arrival of the mail has checked elevations in ex-
change. The rates are 2-11 credits, and 2.1 documents.
Freights to London stand at 31. 17s. 6 . saltpetre ; 41.
sugar and rice.

CHINA MARKETS.
RUNG Kowo, Amu 22.
We are glad to bare to report a large business in imports,
but at low prices.
Corrom has slightly improved, and about 11,000 bales
sold. We quote Bombay Ts. 6.8 to 7 ; Bengal, Ts. 5.8 to
6.6; Madre, Ts. 5.8 to 7.1. The stock is estimated at
106,000 bales, against 68,000 bales in 1852.