The Express.
London, England, 1846-10-27 00:00:00

BOMBAY, SErr.ls..

Annexed are the current qu'otations of Government paper :
6 per cent. loan of 1823-26. 110 rs.; 4 ditto, 1832-33, 99 ;
4 ditto, 1835-36, 96 ; 6 ditto, 1841-42, 106 ; 4 ditto,
1842-43, 96.
EXCIIANOB.—The hulk of the transactions for the mail
have taken place at ls. Ild., at Is. 111 d. for bills at six
months' sight. The rate is now Is. 111 d. at Is. 11 id. On
Calcutta exchange has fallen to 981 tn. at sixty days sight,
and on China the rate is 209 rs. per 100 dollars.
BANKS.—Subjoined are the current rates of Bank shares.
Some shares in the Oriental Bank have changed hands at
the figures quoted :—Bombay, 40 rs. per cent. p. ; Oriental
Old Shares, 301 do.; Ditto, New Shares, 271 28 do. ; Agra,
54 55 do. _ .

PRICE or BULLlON.—Sovereigns, each, 10f rs. ; Bank of
England Notes, per 10f rs.

CALCUTTA, SEPT. 7.
The money market hasbeen uninterruptedly easy
since our issue of the 15th ultimo; and there is every
appearance of abundance for all purposes, consequently
transactions of safe character command assistance with-
out difficulty at current bank and bazaar rates of interest
and discount; the outward remittances in bills of the Court
of Directors by the first mail of July amounted to Co.'s
8.50,000, and by the second mail, which arrived on the 3rd
instant, amount to Co.'s Its. 14 60,000, making a total of Rs.
23,00,000 in the month ; which will tend to strengthen the
market ; the stoppage of some houses has occurred within
the last eight or ten days, but as their liabilities are not to
any great extent, and their suspension is chiefly the conse-
quence of over draughts on home correspondents, is not
likely materially to affect the money market.
The Exchange Market has experienced considerable and unexpected
fluctuation since our but issue; transactions (or the present mail in
bilLs at 10 months date rule at Is. I Id. to Is. II Id. per co. rupee, but
some transactions of limited amount have lately occurred at Is. 1114.
per rupee. It is rumoured that arrangements to some amount has.
been entered into for the Bombay mail, to leave on the 15th inst., at
Is. 114. per rupee. It is not easy to acciount for thlsaudden and ex-
traordinary fall in the exchange, which is not borne out by the state of
the money market. The probable cause is, that buyers having held
tads in expectation of higher rates, and some recent transactions hay-
' ligsbownthe insecurity of operations at high rates of exchange, have
sawed remittance by unexceptionable bills at the reported low
rates. The following are current Treasury bills, at thirty days
eight, according to amount at Is. 104. to Is 1014. per company's
rupee. Navy bills, at thirty day. sight, at Is. 10d. to Is. laid. pa•
co. rupee; Bank ditto, at 30 and 60 flays sight, at le. 10114. to Is. I 0 j 4.
per no. rupee; Union Bank bills, at 3 days to 0 month sight, st
le. lei d. to Is. 11d. per co. rupee; Agra Bank Dille, at sight to
months sight, for sums not under 20!. to above 500!., at la 1014. to
Ild. per on. rupee; Oriental Bank ditto, at night to 6 months
eight, at Is.lold. to Is. 11d. per or. rupee ; Private drafts against
shipments, at 6 months sight to 10 months date, at Is. 11d. to Is. 110.
per es. rupee; Agency on London correspondents at 30 days to 6
months sight, according to amount, at Is. Nal. to Is. 1134. per no,
rupee; Agency drafts for remittances at G months sight, aceorO'ng to
the report of the Chamber of Commerce in the past week, have
averaged at Is. 110. per co. rupee.
HONG KONG, At'o. 27.
Excitaxious.—Six months on London, 4s. 41d. to 4s. 6d.
Co.'s accepted bills, 211.
ORIENTAL BANK RATES.—On London, 6 months sight,
4s. 34d.; short, 41. 2d. On Calcutta, 60 days sight, 213 ;
30 days, 212. On Bombay, 60 days eight, 213; 30
days, 212.

MANILLA, At-a. 4.

EXCHANGE.—On London, 6 months' private bills is. 6d.,
at which sum 9,0001. have been sold. Bills on Baring's,
4s. bd. Treasury and Bank paper, 4s. 4d. China, par.
NEW YORK, Orr. 7.
EXCHANGES.—Quotations for sterling exchange for the
past week or two have been steadily declining. By the
packet of the Ist and 16th of September, the ruling rates
were 9i to 9i per cent. premium, while sales of prime bills
by the packet of the Ist inst. were made at 81 to 9 per cent.
premium, and the tendency is towards a further decline.
There is very little inquiry, as vet, for the packet of the Bth
October—the Great Western—but from the extent of the
orders which she brought out for shipments of our bread-
stuffs, and the large exportations almost daily made of our
agricultural products, we should judge that the quotations
for sterling exchange would steadily fall off, until they
reached a iower point than has been realized for a long time.