The Sun.
London, England, 1862-10-13 00:00:00

INDIA.

The following is from the overland summary of
the 7inzes of India (Bombay), of September 12 :
Mr. Mead, of the Hurkaru, and Mr. Judge, of
the Assam Company, were drowned on the morning
of the 6th of September at Calcutta, by the upset-
ting of a boat.
The Nawab of Savanoor, a member of the Bom-
bay Legislative Council, died at Savanoor on the
30th August.
The Hon. W. E. Frere, who was nominated a
judge of the High Court of this Presidency, has re-
signed his office, and has been succeeded by Mr.
Newton.

The Apollo Cotton Press Company, at their last
annual meeting of the 29th August, declared a divi
dend of 1,800 r& per share. _ _

Cholera is decreasing among the troops at Meerut.
It is understood that the new Court-house will
be built on a site on the Esplanade, near the
Cooperage.
The affairs of the Bombay Steam Navigation
Company are to be wound up. The meeting on the
3d inst. disclosed further misdeeds of the directors,
involving the company in great loss.
The " Chuppatee" movement appears to be
nothing alarming. The natives fearing a famine
have adopted, it is said, this plan of propitiating
their deities.

The Dewan of Travancore has published a pro-
clamation increasing the duties upon all imports and
exports to and from the Travancore territory
The duty on exports and imports at 5 per cent.
will henceforth be 6 per cent. ; ditto at 8 per cent.
will henceforth be 10 per cent.; ditto at 10 per cent.

will henceforth be 12 per cent. It is in contem-
plation to lower the tariff again so soon as the
finances will permit of doing so.
A meeting of East Indians has been held at
Madras, with the view of transmitting a memorial
to Parliament praying for the removal of disabili-
ties imposed by the decision of the Secretary for
War, that East Indians cannot hold commissions as
medical officers in the royal army.
The Commander-in-Chief of India has applied to
the Supreme Government to release all officers ap-
pointed to new line regiments from their connection
with the civil department, in order that they may
immediately join their respective corps.
A public meeting will be held in Bombay on the
17th, at which it is rumoured that the governor
will preside, to take into consideration means for
alleviating the great distress in Lancashire.
The municipal commissioners have stated that
they have no objection to the Gas Company esta-
blishing their works in the vicinity of the Byculla
Club, or in a spot not far from the Byculla-bridge.
In the districts of Ahmednuggur and Sattara
forage is very scarce, cattle are dying of starvation,
and the cultivators and other poorer classes are
reduced to extreme distress.

The preliminary inquiry into the charge against
Captain Smales, paymaster of the 6th Dragoons, at
the police office, has ended, and the magistrate has
committed the case to session.

Lieut. Jackson, who stands charged with flog-
ging his servant to death, is likely to be sent to
Mooltan to be tried by a general court-martial.
The native prisoners concerned in the notorious
Morrelgunge case have been sentenced by the High
Court, and 11 found guilty of riot attended with
murder and abduction. Dowlut, Chowkeydar, is
to suffer death, and 10 others to be imprisoned for
life. The alleged leader of the affray, Mr. Denis
Healy, will be tried for complicity.
The Rajah of Cochin has abolished the tobacco
monopoly, which hitherto existed within his ter-

ritory.
The Barbara, bound from Bombay to Liverpool,
put into Port Louis on the 4th August, leaky, she
having experienced heavy weather.
The Ameer Dost Alahomed had suffered great
loss at Bayanbaug, but was advancing on Herat. It
was rumoured that troops had been promised by the
Shah of Persia for the defence of Herat.
A man named Thomas John Ghee has been fined
£2O for coming as a passenger to Bombay in the
Malta, from Suez, without a passage ticket or other
authority.
The health of the island is improving.
A model farm is to be laid out near Nassiek, under
the superintendence of Capt. Kerr, V. 0., late of the
Southern Mahratta Horse.

The Tropic Bird appears to have foundered on the
16th August. The Sirius picked up six of the
lascars and made them over to the Clifton, who
brought them up to Calcutta. The captain and some
of the crew have not been heard of, while the
chief officer and eleven of the crew were drowned
in a boat which was swamped.

The transport ship Coleroon and her Majesty's
steamer Coromandel left for China a few days ago
with several officers and men of the 22d Regiment.
Her Majesty's steamer Dalhousie left also for China
on the 22d instant with some officers and 347 men
of the 2d Belooch Regiment.
The Argonaut, which sailed from Bombay on the
7th July and was bound to Liverpool, also experi-
enced bad weather, and was compelled to bear up
for repairs.
The Edward Moore, from Bombay to China,
struck upon a rock near Pedro Branco, and, as water
was gaining fast upon the pumps, she was run ashore
near the Red Cliff.

COMMERCIAL INTELLIGENCE.
(From the Times of India, Sept.l2.)
Money is still easy; the Bank directors at their meeting
last week raised the rate of discount and interest 1 per
cent. all round.

Exchange—The transactions for this mail are not large,
and rates on London are as follows :—Bank bills and other
first class local credits at 2s, 07-16 d. to 2s. 09-16 d., and
document at 2s. OP. to 2s. Old,
Government Securities are worth as follows :—Fours
941; Fives, 10e ; and Fives-and-a-Half, 1121. At these
rates there is no disposition to buy at present.
Imports—Our piece goods market continues in a very
unsatisfactory position, and :his, notwithstanding the very
favourable news to hand during the fortnight, which, under
ordinary circumstances, would have infused some life into
it. The past fortnight has again been almost a blank as
regards legitimate business. There appears to be no
\
vitality in the up-country markets, and but for the firm-
ness of holders nothing could save prices from falling con-
siderably below our nominal quotations on the other
side. lye have been very much disappointed at the up-
country merchants holding back as they have done, and we

seldom recollect a season when the sale of goods from second
hands was so restricted as it now is. The present inacti-
vity is no doubt chiefly owing to the suddenness of the late
advance in the value of all staple goods, and to the fear of
the present exceptionally high rates not being maintained,
We cannot, however, but think that the present inaction
will shortly be succeeded by corresponding activity, more
especially as it is generally reported that stocks in the con-
suming districts are reduced to a very low point, Yarns
of all kinds arc equally dull with piece goods, and no sales
have transpired since our last. Metals are generally quiet.
Copper brazier and tile are selling slowly at our quotations,
and there is some demand for British bar iron. Other de-
scriptions of metals are almost neglected.
Exports.—We have had a very quiet market for cotton
lately, and the few transactions reported are all on native
account. Seeds continua in demand at unchanged rates.

Freights.—During the two days after the last mail left
the stagnation in business continued, ships were unwilling
to accept the current rate, £2 10s., and no shippers were in
the market. On the 29th ultimo a large native merchant
took 1,000 bales at about ss. above the market rate, and the
desire of other native shippers to secure tonnage at once
raised Liverpool rates materially. Cotton has also begun
to arrive in small quantities, and a large number of engage-
ments hay been made for shipment during the next month
or six weeks. At first this was obtainable at £l2 2s. 6d,, at
which rate some engagements by English houses were
made, but the rate now is fully ss. highe7, £3 in:many cases
being demanded. We anticipate considerable fluctuatior
in rates of freight during the next two months. On the
one hand, a large amount of tonnage (about 15,000 tons) is
expected from Calcutta, and the amount from England is
about a fair average ; but in China the market is over-
stocked with vessels, and rates both there and in Manilla
are receding. On the other hand, great eagerness is shown
by the shippers of cotton here to send it off as quickly as
possible, and as the season advances we presume the usual
rice and timber charters will help to keep rates at least at
their present level. We quote rates :—To London, cot-
ton, £2 ss. to £2 10s., nominal ; seeds, £2 to £2 55., nomi-
nal ; to Liverpool, cotton, £2 12s. Gd. to £3 ; seed, £1 17s
Gd. to £2.