The Sun.
London, England, 1864-11-21 00:00:00

away from the offices, and the transactions which
have taken place have been on a most limited scale.
All classes begin to recognise the improbAb lity of
an early cessation to Transatlantic troubles, and
importers continue to maintain great firmness,
Native holders are consequently regaining confi-
dence, and bazaar sales have been generally on a
higher basis than we last advised. Grey goods
must be quoted lower, but there is no demand to
test rates. White goods are weaker. Dyed and
printed goods are moderately well "supported.
Twist is entirely unsaleable, and animation is only
apparent in one or two descriptions of metals.
Stocks as a rule are low, as very few ships have
come in, and considerable steadiness may be looted
for.

PREIMITS.—The advices to hand by last mail were of
such an adverse nature for cotton, that it was thought that
we should have again had another fortnight of great depres-
sion in our freight market ; and for a few days after the de-
spatch of our last report scarcely any demand existed for
tonnage; and several vessels that had been lying idle in
the hope of better times soon after took their port clear-
ances for Calcutta, where the great destruction of property
by the late cylone held out prospects of very high rates of
freight, or accepted country employment, trusting the
state. of this market may have improved upon their return.
This cleared the market of vessels ready to: receive cargo—
and cotton having commenced to arrive :from upcountry
dealers, being unable to sell, commenced to ship on their
own account ; it was then found that available tonnage
had been reduced within such a narrow compass and the
news from Calcutta held out so much encouragement of
high rates there that shipmasters declined the rates offered,
and at first only a small business was done for Liverpool
at rates varying from £2 17s Gd to £3. The scarcity of
tonnage soon attracted the attention of speculators, and
rates were speedily run up to £3 7s Gd and £3 10s—these
rates seemed to have stopped the inquiry, and nothing but
the absence of arrivals has enabled speculators to main-
tain the market. The amount of tonnage overdue is ex-
cessive, several vessels that left England in May last not
having yet made their appearance; but when relief is
afforded to the market by heavy arrivals the reaction is
likely to be as sudden as the present advance. But in all
calculations of this sort, it should be remembered that the
quantity of cotton offering for shipment during the next
two months is extremely large; and with the probability of
very high frieghts being obtainable in Calcutta, rates can-
not be expected to rule below £3 for some time to come. For
London—The trade with this port is always limited, and
there is actually no inquiry for tonnage just now, neither is
there any available. For Havre there is nothing doing.
For Calcutta and back—Rs 25 and port charges is offered,
but scarcity of tonnage interferes with business. Business
will be much interrupted during the ensuing fortnight by
the intervention of the Dewallee holidays, after which our
.hipping Lemon may be said to hava fairly opened.
(From the Cale4ta _Englishman, Oat. 20.)
PRODUCE MARKET—Since the disastrous gale very little
has been done in the market. The prices of most articles
have gone down considerably, and some are scarcely saleable.
IMPORT MARKET—Since the holidays the demand for
piece goods and yarn is somewhat moderate, but it is ex-
pected that within the next week or two the demand will
considerably increase.
GOVERNMENT SECURITIES—There are indications of a
better demand for Government paper, and the increasing
facilities for obtaining accommodation will doubtless have
some influence on prices, but as very few of the dealers have
yet returned to town, there have been scarcely any transac-
tions, and quotations are quite nominal.

MONEY MARKET—Our money market now presents a
decidedly easier appearance than it did before the holidays.
The mail steamer has brought us a large supply of bullion,
besides a considerable amount in rupees for Madras and
Bombay, and further large supplies of coin aro expected
from the latter city. Money is in full supply in the bazaar,
and good paper can be discounted at S per cent.
Exc}LANGE—Thero has not been much business trans-
acted during the few days since the holidays closed. The
rate has, however, been steadily falling, owing to the large
arrivals of money and the scarcity of paper. Bank bills
close at 2-11, credits may be quoted 2-11 to a, and document
paper.

FREIGHTS —As only three days have elapsed since the
termination of the Doorga Pojah holidays but little can be
said as to the state of the market, and there have been so
few transactions that it is impossible to give quotations.
Full particulars of the disastrous effect of the late cyclone
on the shipping in port have been road in England before
this mail arrives. For the few ships which have escaped
with comparatively small injuries very high rates of freight
aro asked ; but in the face of the unfavoul able accounts re-
ceived from home shippers have so far suspended'operations
rather than pay them. For London the only charter is that
of the Aprodita at £5 fora full cargo of jute and other light
freight. For Liverpool there has been nothing done. 'We
may shortly expect a considerable influx of tonnage both
from home and the Eastern ports, but some of those vessels
that are ready will no doubt be required to take forward the
cargoes of such ships as may be condemned.

In the country trade the only business done has been for
Bombay, and in consequence of the high rates ruling there
for grain several charters have been effected at considerably
higher rates.

The wrecks of tho following vessels sunk during the cy-
clone have been sold by auction, viz :—Singapore (Fr), 438
tons, for Rs 2,4oo—Villa de St Der is (Fr), 379 tons, for Rs
I,6oo—Anne de Bretagne (Fr), 400 tons, for Its 11,000—
Lew Chew (Br), 854 tons rice, Its 90, Its 6,Boo—Thplsian
(Br), 919 tons rice, Its 16, Its 600—Lady Franklin (Br)
1,187, Rs 3,400.