The Northern Daily Times.
Liverpool, Merseyside, England, 1853-12-17 00:00:00

COMMERCIAL INTELLIGENCE.

STATE OF THE BOMBAY MARKETS, FROM THE 28th OCTOBER
TO THE 13th NOVEMBER.
•The leading event in the Money Market during the past fortnight
has been the notification by the East India Company of their inten-
tion to pay off the further portion of their 5 per cent. loans, or com-
mute the interest thereon to 4 per cent. and of their having opened
a new loan at 3a per cent, interest. Thefirst of these measures has
been expected for some time, it being well known that the operations
for payment or transfer of the 5 per cent. transfer loan and the 5 per
cent. Sicca Loans of 1825-26 and 1829-30 in July and September
last have been eminently successful. There can be no doubt that
the remaining portion of the Loan of 1841-42 will soon follow, and
then the 5 per cent. will cease to be known as a Government rate of
interest in India Another notice intimates that no ciaim for trans-
fer of notes of the 5 per cent. Sicca Loan into the 4 per cent. loan of
1842-43 will be admitted after the Oth inst. This step will oblige
holders to take payments in cash, a considerable portion of which
will probably find its way into the new 3i per cent. Loan of 1854.
As might be expected, the effect of these notices has been a rise
in most descriptions of Government securities and Joint-stock Bank
shares, which, previous to their publication, had been exhibiting a
downward tendency. The Oriental Bank Corporation has declared
a dividend of 12 per cent. per annum.
Th, business done since the date of our last report has been very
small, and at present we are sorry to say there does not seem any
immediate prospect of improvement.
Gray Shirting, 49-inch, of the lighter descriptions, have slightly
improved in value, while Lle heavier goods remain without change;
45-inch has slightly d in value.
Gray Long Cloth in fair enquiry at a slight advance, which may
probably be maintained unless sales are pressed.
Gray T. Clothes arc much neglected, and no inquiry exists for
up-country use.
Gray Domestics are dull and neglected, and have somewhat further
receded in value : short widths, however, remain steady at the rates
formerly quoted.
Gray Al adapollams remain steady at the rates quoted in our last
report.

Gray Jacconets In request; the prices last quoted are steadily
maintained.
Grey Cambric, remain without change.
grey Twills still remain dull and depressed.
Bleached Shirtings, of the lowest descriptions, in fair inquiry, the
finer qualities are very dull.
Bleached Madepollams—The same remark applies.
Bleached Jacconets dull.
Lappets and lappet scarfs remain without change.
Dhoties, grey and bieached, are as last quoted.
Book Muslin,i —ln these also we have no change to notice.
Dimity likewise remains as last reported on.
Turkey Red Cambrics, twills, mulls, and dimity, are without mate-
rial change.
Coloured Mulls are saleable at our last quotations.
Twist, both mule and water, are still without any improvement in
value.
Metals continue to maintain their value, and in request. We
quote as follows :—Copper, brazier's, 63r ; bottom, 63ar ; bolt, 60r ;
tile,6 7r ; and South American slab copper, at Sir per cwt. The two
latter descriptions scarce.
Iron—Swedish bar, 50r to 54r, and has somewhat advanced for
good small sizes; steel, in tub. 12r to 12ir ; bundle, ga to Ila, for-
merly quoted; English bar has advanced to 46r to 48r.; round
nailrod has advanced to 48r, and is wanted; sheet, 7r to 8r ; hoop,
7r to Br. as before.
Spelter is steady, at Int* to 18r.
Lead—Pig, 11r, and sheet is in request at 14r to 15r per cwt.
Quicksilver-50r to 57r.
Red Lead 12ir to :qr.
White Lead is in request at liir to 12r.
Cochineal-2r 2ia to 2r 3a per lb.
Saffron, of the beat description, in request at 13r to lbr per lb.
Cotton— After a vigorous effort attempted by the holders to main-
tain prices, the bad accounts of both the China and English markets
have at length caused them to give way, and previous to the arrival of
the last mail from England Broach cotton was bought at 94ir to 95ir.
Dhollera cotton at War, since which time no transactions have tran-
spired, but we believe that 2r to 3r per candy would now be ac-
cepted below the prices given ; the staple will cost, free on board,
including freight to Liverpool, and marine insurance, 4d. and 3id
per lb.
Linseed—Continues to be contracted for delivery in December and
January, at 3r Ila to 3r 12a per cwt, and since last advices from
England even higher prices are demanded. but none of the seed has
yet arrived at this port.
Pepper is scarce, that from Malabar is worth 73r, and from Bhut-
cole 75r per candy.
Coffee is to be hau at 23r to lOr per maund.
Exchange on England, owing to the few sales of goods effected,
has been in little request, and although a small amount of bills are
on the market, still the rate has advanced; the Commercial Bank
has drawn at 2s. 13-10 d. per rupee at six months' sight. Baring
Brothers' credit sold at 2s. 1 5-16 d. to 2s. 1 6-16 ~ and best local
drafts at 2s. sad. to 2s lid per rupee. Exchange on Calcutta is at
gar for Calcutta 100 r, and on China nominal at 240 r per 100 dollars,
at 60 days' sight.
Freights to England have been well maintained at 21 17s Cd per