The Express.
London, England, 1848-07-31 00:00:00

The steamer is just about leaving, having been detained
for the governor-general's despatch, and the miring mails
of esterday. The small steamer, with the mails from Pen-
well, reached Bombay yesterday afternoon about haltpast
four, instead of 9 a m., her usual time. She had found the
storm too strong for her, and been obliged to anchor off
Butcher's Island several hour,. Breen' accidents have hap-
pened in the harbour, attended with loss of life. The ship
Lloyds, which left on the 13th for China, was compelled to
return to port yesterday. The re is now a lull in the weather,
but, ere a few hours pass over, down will come the rain in
deluees. Upwards of 41 inches have fallen up to this morn
ing !—more than half our annual average fall. The Bombay
papers of this morning are barren of news. The Calcutta
journals received ytie erday evening contain reports of a sale
of the effects of the Union Bank. Most of the lots worth
anything had been bought in.

MONEY.
BOMBAY, JUNE 17.—The money market is in a healthy
condition : supplies of specie are Oornitlff freely forward from China,
and matters in this respect are likely to continue easy for some time.
Consequent upon this government securities have imprinted in value,
while shares in some of our joint-stock banks Live materially de-
clined, owing to an anxious (cling on the part of many of the native
shareholders to realise their property. As anticipated the excite-
ment caused by the decision of the supreme court
the repudiators of the opium bargains soon calmed sdown,
atinet
and the fear 'spree:led by some as to the eeriest, injury that
might result to our commercial interests have turned out to pawns
can less foundation than we thought at the time. In the thirty-
five (Well immediately affected by the decision of the court the
money has instantly been forthcoming. The great portion of the loss
has fallen upon our wealthy Mharwarrie Shroff., and, as we have he-
lote amid, they were quite prepared to meet Itamlall's chime against
them In lull. So far, as we expected, there has been nn ill effect in
our bazaars from the above cause, nor do we think any is likely to
result.

The rate of exchange bar; experienced a slight decline sines the
date or latt reprt, r considerable amount in Ruarteit's dratta upon
Baring'a haying changed halals at Is. 10d. Banks ask Is. Jjd. for
1011, at pia months' rigta, but only one tratteaction at this rate ha
conic under our notice.

COMMERCIAL.

BOMBAY, JUNE 17.—Since the report the wagon for
business has been brought to a dove by the setting in of the S. W.
monsoon, and the usual dulness of this period of the year has conse-
nt° ntiv iiievareil in the interval. The ruin that has falls in the
imantune has been most abundant, while from different parts of the
interior Livourable accounts in this respmt are also received; and
though yet too won to form a decided opinion on the coming harvest,
there is every hope, Jul :hug from present appearances, that it will be
un abundant one, an i that there will be a roa:opt:on of business at a
comparatively early period, with every prospect of a good trade during
the coming season.
. . . . .

einvictliircs Ounns.—Market quiet, and business done to a very
limited (:tent; Inquiry being confined chiefly to grey tinning* of 40
and 45 inch widths, particularly the bitter, of low and middling quali-
ties. For grey madapollsone and jix-nets there was also a Might
inquiry, but no miles to any extent could be effected at the moment
unitas at low rates. As regards other good*, nothing calls for par-
ticular remark, except grey dbooties, which are rearm and in some
demand.

Cooney YARN.—The tales have been on a limited reale, owing to
the Indispodtion of holders to part with their reduced Mocha except at
advanced prices. The firmness they have shown Itim had the effect of
cationic buyers to increase their Mien,: the sales mace have est..
bliehcal an advance, and further haprovement will be experienced
ere long.
Ih•au Tsai:vs.—ln Turkey red twist no sales to report; the article
continued very depo said and difficult of ante. Of orange yarn there
have been several arrivals.

COIAIINKAL.—The arrivals since the 10th ult. have been very heavy,
amounting to 40,000 lb., and priori have experienced a nuserial de-
dine. The estimated stock is about 50,000 ibo.,, so that prices are
likely to rule low for a considerable time, seeing that further supplies
are on the way.
NlKTATA.—Swedish bar iron in Rood demand and scarce, while
prices had o tendency upward.. British bar, on the contrary, although
shake both in first and second hand* were moderate, has declined io
value, 31 re. per candy being the quotation for the tart assortment.
Nail roil, both round unit aquare, somewhat lower in price; hut in
shat and hoop iron, as also nails, there to no change to notice.—
Copper A decline has taken place in all kinds of copper, with the es-
calation of South American, which maintains its price.—mirediah
steel and lead, both pig and sheet, are dull of sale. Becher is firmer,
owing to the great reduction in stocks calmed by further shipment', to
Calcutta, and quotations of 9 rs. had been refurad for a parcel.
SMII:TA.—ONiIint to heavy stocks the market (a.. brandy was dull.
Hoak—Prices have given way ounfidsrably since our last, the pre-
sent quotation for Allsopp's and Bass's being 75 ra. per hhd, at which
{wife some large sales have been effected.
halloo s.—Ciirros Woo...—The last advice. from China, added to
the unfavourable accounts received from England respecting this
staple, had the effect of aiming some decline in prices, and a further
fall was anticipated; a reaction, however, took place, owing princi-
pally to the fall in freight., and vines have again advaneedeven some-
what beyond last quotation. the transaction's dining the past month
amount to about 10,000 baler.
W9OL.—No tranmetions in this article, and quotations
merely nominal.
01.117 X.—The last advises from China imparted considerable activity
to this drug, and a large quantity has changed hands at 1,115 rs. to
1,120 rs., ice cheat fur NIIIIWA of best quality. Prices Item at quotas
WM.

usrunra—Owing to a large accumulation of tonnage rates have
given way; the loot engamment to Liverpool was at R. per ton, but
an several milditional arrivals aro reported to-day we do not think
this rate will be maintained. Rates to London we quote at 2/. 10e. to
21.125. Gil.; and for Urine we beta of two sweets taken up—one at
af re. per candy, and the other at 8 re.
CALCUTTA, Jvax B.—The express, with London news
to the 24th of April, arrived on the evening of the le.. The news in,
upon the whole, more satisfactory than was anticipated. We have
little charge to report in the state of our market. here since
the arrival of the mail. Business melt continue, extremely deprerwed.
In our export market almost all our purple. remain without ani-
mation, except saltpetre, and the eagerness of purchaners to secure
that article has in some drum' sulr-ided. We can only refer to one
sale by private contract of indigo, comprising 150 cheats. A better
dimosition to chip sugar Is arising, bit at a trifling improvement on
previoo rates, which holders are It KS inclined MaccepL Saltpetre hes
given way 4a. to 6a. per manntl. There is but little doing in rice.
holders of mttiower are still firm, and previous orite• maintaintd.
Raw silk ha. given way about 4a. per peer, and eaten are mow at a
minimum. silk piece gaols are neglected. Lee dye hoe fallen shout
r. per mound on European markt; end Rho*aa is without inquiry.
, Our import market remains in the same un ittinfactory state noticed
in our hint report. During the past week the business done in oat. on
pie Irwin hap been limited, and the same causes still operate to dind-
, nishce the demand and tkpnw,s prion.. The credit of dealent connected
I with the opium time bargains is looked upon with stemicion, and this
has made it difficult fur them to negotiate their draughts, and obtain
(undo to pay for the good. they purchase. In addition to this the
accountd from the local marts in the provinces are still of a dis-
couraging nature. Holders on the other hand, appear anxious to
realine, though nut at present disposed to yield touch further in their
thinands. Mule twist has been selling petit) fresh, though without
improvement in value, except as regard. 40a. and 3.05, which appear
POMP.' hut more buoyant. The falling off in the inquiry for red yarns,
noticed in our last report as obwTanble during the previous few dare,
has rather inereueed, and our Trotations can now with difficulty
be eupportril. Copper is inactive. but prices steady. Spelter
i.e telling at 9-4 to 9.6 per maund. Iron is in pretty fair de-
mand. Beer of Aileen', and New' brands to e Virg slowly, and in
small quatitielx at 70 per hogshead. No change has occurred in the
money market; government securities are without alteratirm, but
very little has been done in therm The profits of the Rink of 14,ng rl
for the last live months has been equal to Or. Sa. 51p. per cent. per
annum. Exchange is nominally at I-11l for six months' sight. luprr
with documents, but there is wine offering. The most experienced
broken, have no recollection of bills ef exchange In ing so very mom
as thee are at rwes.nt. Freights have remained pretty steady, at our
last quotations, with a Plight advance in the rate. for some articled to
London. For sugar and 31111 p ette our quotations are 44. Ss. to 40. 10e.