The Sun.
London, England, 1863-02-04 00:00:00

COMMERCIAL.

BOMBAY, Jan. 12.

MONEY.—The rate of discount continues unchanged, but
as it is expected that the late heavy imports of silver will
shortly be issued from the Mint, the feeling in the money
market is somewhat easier.

Exchange has advanced to 2s Ofd for Bank Bills, 2s Old
for first class Credits, and 2s ld for Documents. The rise
is attributable partly to the increased supply of bills offer-
ing, but more to the desire of the banks to force up rates
in anticipation of arrivals of specie.
Government Securities have given way ; we quote Fours
Its. 91k, Fives Ra. 1041 t' Rs. 105, and Fives-and-a Halt
at Rs, 112.

IMPORTS.—Since the departure of last English mail we
have had an active demand for piece goods, partly by
dealers for the supply of up-country orders, but to a
much greater extent by European and native speculators.
Prices of most descriptions of staple grey clgths are 4 to 6
annas above the quotations given in our last issue, and
transactions to a very considerable extent have taken place
in shirtings and 31b Madapollams. It is stated that time-
bargains are being made for the delivery of 61b and 7lb 40
inch shirtings at the Rolle, and that already the quantity
contracted for greatly exceeds the supply. Up-country
demand, which has been on a larger scale lately than hither,
has been rather checked by the advance in prices, but as we
anticipate that many native marriages which have been
delayed from superstitious motives will take place in the
next month of the Hindoo year, it will be impossible for
up-country dealers to keep out of the market.
EXPORTS —Cotton ; immediately after the departure
of last mail the market improved, and a fair amount of
business was done, chiefly in new Dhollera and Oomra-
wuttee deliverable in March and April next, at a slight
advance. Eventually the tone became rather quieter, and
continued so until the 6th instant, when the Gslle advices
reached us, which caused more activity, and contracts for
Dhollera being made both by European and native buyers
at Rs. 375 to 378, and new Oorarawuttee at Rs 372. The
market closes with an upward tendency, and we quote:—
New Crop: Surat and Broach, Rs. 3';'s to 380 per candy;
Dhollera and Bhownuggur, Rs. 375 to 376 ditto; Oomra-
wuttee and Ankote, Rs. 370 to 372 ditto; Compta (ready),
Rs. 388; Sawginned Dharwar (ready), Rs. 500.
CALCUTTA, Jan. 9.

Government Paper, 4 per Cent., 5.8 to 5.12 discount; 5
per Cent ,sto 5i prem. ; 5} per Cent., 12 to 12 prem.

The nearness of the west coast harbours of Ire
land to America remains a geographical fact of the
highest commercial importance, and the securing for this
country of the advantages their position offers can only be
a question of time. The port may be at Cork, or it may be
at Galway; but a great flourishing entrepot of commerce
with America either is destined to become before many
years pass over. Let the connection be established between
Canada and Ireland, and the practical benefit to both will
be immense. Emigration will take that channel instead of
the older one, and as the Irishman settled in our own pos-
sessions will not lose whatever affection for British institu-
tions he may have acquired at home, we may expect his
return perhaps, after he has made money, to spend it, or to
speculate with it, upon Irish soil. Scotland has been vastly
advantaged by the love of the old land which brought her
sons back again (despite the proverb) to live out their days
of ease, or of more ambitious effort, near the localities of
their nativity,.—.Dublin University Magazine.

• M
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HER MAYESTY'S PRIVY COUNCIL.

OSBORNE, Feb. 3.
The Queen held a Council to-day at Osborne,
at which were present—Earl Granville (Lord
President), Viscount Palmerston, Sir Charles
Wood, and the Right Hon. E. Cardwell.
The Archbishop of York was presented to the
Queen at an audience, and did homage on his ap-
pointment.

The Rev. Dr. Stanley was Deputy Clerk of the
Closet in Waiting.

The Archbishop of York and Sir Andrew
Buchanan (her Majesty's Ambassador to Berlin)
were, by command of the Queen, sworn in mem-
bers of the Privy Council.

Her Majesty pricked the list of sheriffs for the
counties of England and Wales for the present
year.

The Royal Speech, to be delivered by her Ma-
jesty's Commissioners on opening the session of
Parliament, was submitted and approved of.
Mr. He!pa, the Clerk of the Council, attended.
Earl Granville and Viscount Palmerston had
audiences of the Queen.

The Most Rev. Dr. William Thomson, Arch-
bishop of York, Earl Granville, Viscount Palmer-
ston, Sir Charles Wood, the Right Hon. Edward
Cardwell, Sir Andrew Buchanan, K.C.8., and tue
Rev. Dr. Stanley left town at nine o'clock yester-
day morning to attend the Queen's Court, travelled
by a special train on the South-Western R til way
to Gosport, crossed in the Fire Queen, Master-
Commander Paul, to Osborne Pier, and arrived at
Osborne soon anal twelve o'clock. After attending
the Queen's Privy Council, the Archbishop of
York, Viscount Palmerston, Earl Granville, Sir C.
Wood, and the Right Hon. E. Cardwell left
Osborne, recrossed to Gosport, and returned to
London by a special railway train.