The Express.
London, England, 1856-10-13 00:00:00

THE OVERLAND MAIL.

We have received oar advice: in anticipation of
the Overland Mail. The date. 're--Calcutta, Sep-
tember 8 ; Bombay, September 12.
In the summary of the Bombay Times we read :
_

" Two days after the despatch of last mail, a noti-
fication was published in the Gazette, that a four-
and-a.half per oent. loan was to be opened, of hide.
finite amount, and guaranteed for a period of ten
years at least. The Sc. per cents., which ought to
have gone up to ten premium to be at par with the
four-and-a-half, have scarceiy at all advanced,
and none of the new stook has, so far as iwe can
learn, as yet been taken up. If in India, govern.
meat cannot raise money at present under five per
cent., any amount that might be required could be
raised at home at three; and the London authorities,
were the common principle of Snanciership recog-
aimed in Cannon-row and Leadenhall street, could
raise in the Stock Exchange the three millions re-
linked to be sent home annually, instead of draw-
ing on India at the most capricious rates of exchange,
compelling us to borrow at extravagant terms of in-
terest, to the utter confusion of the money market.
"The loan had scarcely been gazetted when we
were stunned by • call for transports to acccompany '
an expedition to the Persian Gulf, to chastise the
Shah for capturing Herat in violation of the treaty
of 1853. Eleven transports of an aggregate burden
of ten thousand tone, engaged at the rate of 11. per
ton a month, are being prepared to receive ten or
fitteeu thousand men and a thousand horses on
board. As if to begin with bungling, a circular re.
quiriog freight was sent round at the outset to four
houses out of twenty-five that had ships to be die-
peed ot, and the result war that 11. was paid for
freight, when the market price was 18s. at the
highest, thus imposing • lose on Govern-
ment of 2,0001. a month. At present we are
paying 10,0001. monthly for ships, which we sin-
cerely trust will be employed ; and the prepa-
rations now being made will within the next six
weeks probably oat half a million sterling if not a
man should ever quit oar shores for the Gulf. In
these topics are comprised all the tidings of material
importance the past fortnight has supplied.
Our rainy season has very nearly closed, and,
though rain has been plentiful all over Central and
Upper India, in Bombay we are still somewhat short
of our customary supplies. We have just received
accounts of an inundation at Cabal, in which great
damage bad been done to lands and property.
" The Governor-General is at Calcutta, and Lords
Harris and Elphinstone are at the seat of their re-
spective presidencies.
"The import market is improving; freights h►ve
advanced; and the money market is unsteady."

ium BOMBAY, Sneer. 11.
Our money market for the past fortsight has been rather
assetthed, in consequence of the goverment having based
'a notification to the *Mot that they were prepared to re.
Wive meters for a fewand-a-quarter per cent. loan, and
we are given to nada/mad that tenders for a considerable
mint were seat is to government at 90, bush* tend
were informed that a• blade, could be entertained under
par. Now, awarding to the retest rote of the Public
Works Five per Cent. Leas, say 31 per cent. premium,
the new loss, to give the same rate of lamest, would
only be wento 931; it Is not, therefore, likely that the
pebble will sebscribe to it at par, sad therefore we would
not be at all earprieed if a sew Ave per cent. loan was
opened. We have so shags to report in the rates of inte-
rest at the Woke. °overmans seouribes are sot in mitab
demand, and stay be quoted ashes' oae to a hall per coat.
wens lbw reported is our het. Lead Meeks rends mach
'boat brow violation&
larroirs.-Btace the date of our lost report coaolderable
activity has spasff up la the Import 'what, sad from ell
pans of the ptrsioesey tbo mast favourable mom ass

Dante be received of the state of the weather and the crops,
• candidate( matters which cannot do otherwise than pro-
mise well for the future proapect of the busy season.
Corrow Plus GOODS.—Jast as the mail WU closing on
the 29th ultimo, a very active demand 'prang up for all de-
scriptions of goods, which we ere glad to say has steadily
continued, prices having risen on nearly all the staple goods.
Grey shirting., forty inch, have sold to the extent of
17,951 pieces, and are in good demand, chiefly front 61b. and
upwards; 45 in. have also greatly advanced, and are in great
inquiry. Grey 'moues ass dull of sale. In grey Mader. ,11-
lams there is co change of value to notice, bat they continua
in fair enquiry. Grey T. Clothe, up to sibs, are to fair en-
quiry, but 61bs. and upwards have advanced alittle,being in
good demand. Long cloths also have advanced somewhat,
all descriptions being is very good demand. Domestics
have risen considerably, the demand for them being very
active.

EIPORTS.—Coirtow Woot..—Considerable activity con-
tint's. to prevail in the staple, and traneseti,ne have been
done to a large eaten, for stocks to arrive. The followieg
are oar present quotations:—For Broach and Surat on the
spot, to. 108 7 have been paid; for Dbollera for delivery,
re. 106-7 ; Compta on the spot, re. 97.98 ; end for Poraehore,
re. 96-97.

oonsequence of the small balance of stook
that remains on heed, the market has been firm. We quote
Mondlesion it to. 1,106 1,110, and Indore at n. 1.095.
Parma.—Both Beanole and Tollk:berry are scarce.
TONNAGE —Upwards of ten thousaad tons having been
engaged by government for the Persian Gulf al prime aver-
aging one pound per ton per month, freights have been
steady, and have just risen to 31. 6.. to 7 6 for Liverpool,
end 31. to 3.6 for London; to China we quote re. 8 to 9 per
candy.
Bzcaetion.—At the time we write the market ts decid-
edly looking up; China drawn offering freely at 2s. 111.,
and local bills at 2.. lid.—very few buyers. Caimans.
eight, par. Mediu, 30 days' sight, re. 99g. China, 60 days'
eight, to. 228.
CALCUTTA, Sun. 8.
MONEY MARITI.—Mosey continues as abundant as
Infers in the Bazaar. On the 30th ult. the commercial

c immunity was startled by the announcement of a new
four-and-a-half per cent loan, which, so far uwe leant,
has failed to induce soy stitweriptioe.
Excuarroz —A far amount of business has bun done
daring the week for this mail at the following rates: Bank
Bills at 6 months' aight,2 11; Ant class credit, 213 to 211 ;
document billa, 2 11 to 21}.
00•11101XINT bIICIIBITIIIII.—IMISIdIeAIy on the an-
nouncement of the new loan, these seeariti• a were depressed
nearly 2 per Gent Is value ; during the put two or three
days they have improved somewhat. The current rates of
the day are—Tensfer four per coats. at 8 to 8.8 per cent.
Aia.; Sims ditto, at 14.12 to 1L; Company's ditto, at
12.12 to 13; Loan, five pet cents. at 3.8 to 4 premium;
New loan, four-and &half per ante., open.