The Northern Daily Times.
Liverpool, Merseyside, England, 1856-07-18 00:00:00

INDIA.

The Bombay Times, in its summary of Indian affairs,
states that, within the preceding fortnight, there had
a fall of nearly a foot of rain, and the monsoon was pro-
ceedinc, auspiciously. All public works, the completion,
of which' costs more than a thousand pounds, had been
stopped by order of government, it having been discovered:
that a financial crisis was hurrying on. Almost simul-
taneously with this the supreme government had set its
face against the construction of public works by private
enterprise and capital.

The Friend of China expresses his belief that the people
of England would rather see money borrowed than have
railways and irrigation interrupted.
Another rising among the Sontals is apprehended in
Lower Bengal, brought about by the famine at present
threatening the country. Everything seems tranquil and
prosperous in Oude, and at this season, operations,
military and mercantile, give way to the pursuits of
agriculture.
Some disturbances in the northern division at Madras,
had occurred, which originated in the escape of a State
prisoner, the rebel% burning the villages of those who-
would not join them. The prompt measures adopted by
the Madras government had been most beneficial, and the-
insurrection was at an end.

The discussions on municipal taxation in Bombay bring
to light frauds in the house tax committed for some years
past to the extent of 45,000 or 46,000 a year, or nearly
one-fourth of the whole amount collected
The governors, supremE

nd local, are at the seat of
their respective governments, and it is understood that
the Court of Directors have requested that the Governor-
general should remain as much as possible at Calcutta,
not quitting it except in a case of real emergency.

'No King of Gude is still in Calcutta talking of going to
England, but apparently making no preparations for th.r
voyage. He gave a month's pay to the crew of the steam_
boat which brought him down the Ganges. Lard Canning
had advised him not to leave India, and declined to give
him an audience to discuss the question of the annexation.
Meanwhile the King is threatened with actions by steam
and carriage companies for demurrage and breach of
contract, and with claims against the state of Oude, one
of which amounts to nearly two millions of money.
The Calcutta Englishman of June 3, says :—lt affords
strong indication of an intended loan that the directors of
the Bank of Bengal yesterday reduced their rates on
private bills one per cent., on government bills tw,4' per
cent., on loans and cash credits on deposit of government
paper two, and on deposit. of goods one per cent.

COMMERCIAL INTELLIGENCE,

BOMBAY, June 9.—The sales in cotton piece goods have
been very trifling since our last report, and our import
market may be considered closed. Little or no alteration
has taken place in the prices of nearly every description
of cotton goods, supplies of which are scarce.
Cotton yarns are in fair demand, but holders are firm,
looking for higher rates, and no sales have taken place.
Metals are in enquiry, and there is some improvement
in prices.

The export market for cotton is active, and stocks in
hand are large; opium and linseed have declined, and
hemp is ivithout enquiry.
Freights.—The prevailing rates to Liverpool and'
London are L 3 15s per ton, and to China Rs 10 to 11 per
candy.

Exchange has been in small request for this steamer,
notwithstanding which a further decline was established,
and sales of Bank paper took place at 2s ld to 2s 15-164.
Since the arrival of the English ma.;l the rate has been
looking up, and we quote for local credits and documents
23 lid to 2s lid.
CALCUTTA, June 3.—Tmports.—Some disposition has
been manifested to operate more freel r, and prices of mule
twist, grey shirtings, and jaconets have somewhat im-
proved; but the late advices from home tended to check
large operations. As the rains, however, have not set in,
and the rivers are expected to be soon open for naviga-
tion, we may look forward for more extensive business in
cottons, as well as in metals, for which the market is still
inactive.

Our produce market has been in much the same state;
there has been a disposition to speculate, encouraged by
the low rates or freight ; but the few articles which com-
mand sale being in very small supplies. transactions have
not been extensive. Sugar is the principal article which
has engaged attention for the home markets.

THE MONEY MARKET : A further reduction of two per
cent, took place on the 22nd ultimo on the bank's rates of
interest, on loans of government paper and government
acceptances, and one per cent. on all others. The money
market has become considerably easier in the baztar, and
accommodation is readily procurable on very moderate terms.
BILLS or EXCHANGE: A considerable reduction in rates
on England has taken place since our last. The demand far
exceeds the supply, and first class bills are eagerly sought for.
First class bills, at six months' sight, at 2s OP to 2s ;
document bills, at 2s Id to 2s 14d ; bank of England post
bills, at 2s OP to 29 OZ-d.

FREIGHTS have materially declined since our last, particu-
larly the rates for dead weight. The fall is attributed to the
limited amount of business in produce, and to the increase of
tonnage in the river.