The Sun.
London, England, 1855-03-31 00:00:00

COMMERCIAL INTELLIGENCE,

BOMBAY, MARCH 4.
We have no change to report in the Money Market dur-
ing the fortnight. All business has been dull in conse-
quence of the intervention of the Melia holiday, and we
quote securities generally about the same as last Mail.
The value of piece goods has seen its lowest point; wo
are glad to notice a little improvement on grey shirtings,
from 5 to 71b. of 1 anna, on 61b. 2 to 3 :mime, and on grey
madapollains of 31b. 3 an anna, while other descriptions
remain much the same as last reported. A little more
firmness on the part of importers will, we expect, cause a
further advance. The clearances from the Bazaar are
pretty fair for the interior, and money is beComing easier.
The extraordinary depression in the
,Bombay ,market,
particularly for Manchester goods; need not surprise any
one who looks at the memorandum of imports here from
England of cotton, silk, linen, and woollen istanufactures
for the month of December last, and far the year 1854,
compared with each of the 'previous yearei, the increase
being very great en every item of the least consequence,
and excessive on the principal of them. We wonder when
people in England will give up sending goods to a losing
market ? From past observations we should say, never.
EXPORTS.—Cotton--The transactions in this staple have
bean very limited ; of Surat and Broach none to be had ;
some fair quality of Dhollera was bought previous to the
arrival of the last English mail at Rs. 68 per cawly ; but
subsequently, owing to favourable accounts from England,
it has advanced from two to three Rupees per candy. The
new crop of cotton is later this season than usual, and is
expected to arrive in ail this- month.
Linseed has declined 2 to 4 annas per candy, and can
now be had at Rupees 41 to Rs. 4i per cent.
Exchange has slightly advanced this mail. Previous to
the arrival of the English mail of the 25th of January
sales to a moderate extent had taken place at 2s Old to
2s ld for local credits and document bills, but latterly
rates have given way in the absence of demand for remit-
tance on mercantile account, and we now quote the rates at
2s Obl to 2s ld for bank bills, and 2s lid to 2s lid for
documents.

CALCUTTA, FEB. 22.
The commercial advices aro again very discouraging for
most of the principal articles of exports from India. In-
digo continued firm at previous rates. Raw silk was dull.
Corahs had commenced assuming a downward tendency,
and inferior goods had suffered a heavy decline. Sugar—
The low qualities were sold at a decline of 6d. to ls., while
the goods remained firm. Saltpetre had also suffered in
value. Rice was difficult of sale at previous rates, and
lower prices would have to be effected to accept sales.
Jute had fallen about 21. per ton. Linseed without quo-
tations, no sales having been effected after the receipt of
news from Vienna that the Czar of Russia had agreed to
negotiate for peace. Safflower was firm at last quotations.
Both lac dye and shell lac continued inactive. Catch
had farther given way 1 to 2 shillings per cwt.
Since our last issue, our produce market has continued
in an active state, shipping having entirely withdrawn
owing to the uncertainty as to the result of the negotia-
tions for pe ice. Indigo, however, has within the last few
days attracted more attention, and holders of some fine
marks have succeeded in obtaining slightly higher prices,
say about 5 Rs a maund.
Our import market has again been characterised during
the past fortnight by great inactivity. The tightness of
the money market, combined with heavy stocks of many
descriptions of piece goods, has checked dealers very con-
siderably.
Our money market is in the same position as last week,
and it is expected that in a short time the present tight•
mess will gradually disappear.
EXCHANGE—Has ruled about an eighth higher on
Europe for the outgoing mail. Bank Bills at 0 months
sight have been left off at 2s Ogrl. to 2s. ld. ; first class cre-
dits at 6 months' sight at 2s. 04d. to 21. id. ; Document.
Bills at 2s. 10. to 2s. lid. Treasury drafts at 30 days'
sight have -been negotiated at ls. 111 d. to 25., and Post
Bills at is. llid. to is. Ind. per rupee. On China Bills
with Opium Documents at 60 days' sight have sold to some
extent at 222 rupees per 100 dols., and some small amounts
on Singsplo.,3 r 1 :rs' si2lit at rrtpees 225 in 225.
,FEtwilf6—Utu• rates to England gra..(4o.liy__declintid
Nate the arrival of the mail steamer Bothbay, but since
the receipt of her letteri confirming the unfavourable ad-
vice', a turther fall has been the consequence of the last

two days. Rice has been engaged at s'. to 51.
Jute as low as 41. Seeds at 61: to Cl. 10s. per
ton to London, while the rates for other de-
sci iptions of produce likewise have comparatively
declined. In country freights a moderate business only has
been done at slieatly lower rates. For Mauritius rs. 2-1 a
bag cf Rice have been accepted. The arrivals during the
past fortnight have been rather numerous, and tonnage is
abundant at this moment. Future changes will depend
almost upon the nature of advices expected by the next
mail.

INDIGO. —Our market has assumed a more favourable
appearance, a bettor feeling being observed amongst the
bidders at the last public sales, and fine marks especially
attracting better attention.