The Sun.
London, England, 1853-12-16 00:00:00

REPORT OF THE BOMBAY MARKETS

FROM THE 28TH OF OCTOBER TO THE 13TH OF NOVEMBER.
The leading event in the money market during the
past fortnight has been the notification by the East India
Company of their intention to pay off a further portion
of their 5 per cent. loans, or commute the interest thereon
to 4 per cent., and of their having opened a new loan at
31 per cent. interest. The first 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 loans and the 5 per cent. Sicca loans of 1824-26
and 1829-30 in July and September last have been emi-
nently successful. There can be no doubt that the re-
maining 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
intiniates that no claim for transfer of notes of the 5 per
cent) Sicca loans into the 4 per cent. loan of 1842-43
will be admitted after the 28th -inst. This step will
oblige holders to take payment in cash, a considerable
portipn of which will probably find its way into the new
31 per cent. loan of 1854.
A$ might be expected, the effect of these notices has
been,a rise in most descriptions of Government Securi-

ties and Joint Stock Bank Shares, which, previous to
their publication, had been exhibiting a downward ten-
den+ The Oriental Bank Corporation has declared a
dividend of 12 per cent. per annum.
The business done since the date of our last report
has teen very small, and at present we are sorry to say
there( does not seem any immediate prospect of improve-
ment.
Grey shirtings, 40 inch, of the lighter descriptions,
have Slightly improved in value, while the heavier goods
remain without change.
Grey long cloth in fair inquiry at a slight advance,
which may probably he maintained unless sales are
pressed.
Grey T cloths are much neglected, and no inquiry ex.
ists fur up-country use.
Grey Domestics are dull and neglected, and have some-
what further receded in value, short widths, however, re-
main steady at the rates formerly quoted.
Grey Madapollama remain steady at the rates quoted
in our last report.
Grey Jacconets in request, the prices last quoted are
steadily maintained.
Grey Cambrics remain without change.
Grey Twill still remain dull and depressed.
Bleached Shirtings—Of the lower descriptions in fair
enquiry, the finer qualities are very dull.
Bleached Madapollams—The same remark applies.
Bleached Jacconets—Dull.
Lappets and lappet scarfs remain without change.d
Dhoties, grey and bleached, are as last quoted.
Book Milolins—ln these we have no change to notice.
Dy likewise remains as last reported on.
Turkey red cambrics, twills, mulls and dimity are
without material change.
Coloured mulls are saleable at onrlastwqiuthootautt any quotations.
Twist—Both mule and water, are still
provement in value. Turkey red twist remains
steady at former rates ;
orange is still dull and depressed.
Metals continue to m. aoirnotuasineffthoeritr vaatltueem.
pted by the
Cotton—After continues
holders to maintainTigrices, the bad account 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 coon was bought at 94i to 951
rupees, since which
rupees, and Dhollera cotton at 93