The Sun.
London, England, 1849-01-20 00:00:00

BOMBAY.

REPORT ON THE STATE OF THE BOMBAY MARKETS
FROM DEC. 2 TO DEC. 15.

Telegraph and Courier-office, Bombay, Dec. 16.

_
The Bombay market may be co!lsidered at present in a
healthy state, especially as regards piece goods, for
although the transactions quoted below show a small
amount of sales, the prices obtained have been satisfac-
tory. The stocks are light, and supplies continue sno-
derate, and as large sales have been made to arrive, the
particulars of which have not been made public. we may
safely augur an active and remunerative demand through-
out the season.

The Mcney Market remains as last reported on. On
good security it is easily obtainable.
Government Securities have slightly improved, and
may now be quoted:—Government Five per Cent. Sicca
Loan Company's Rupees, 102 to 1022 per cent.; Four
per Cent., 85 to 86 ditto ; Five per Cent. Company's
Loan, 98 to 98/ ditto; Four per Cent., 82 to 82i ditto.
Bank Shares—The shares of the Oriental Bank fell to
28 per cent. discount, but have again advanced to our
quotations, at which rates few shares are offered.
Bombay Bank ... 331 to 34 per cent. prem.
Oriental Bank ... ••• 20 ditto dis.
Commercial Bank ... 142 to 15 ditto.
Agra Bank .. 7 to 8 ditto prem.
Bank of Madras ... 1 ditto dis. _

Exchange—There is no alteration to report in Eng-
lish exchange, but the tendency appears upwards, as
there is no great demand for this mail, and parties hold
out, in hopes of the rate advancing on the arrival of the
next China mail. _

On Calcutta the rate has advanced to 1004 per cent.,
thirty days' sight, and 1001 to at one and three days'
sight for Bank bills, and 991 to 4 for East India Com-
pany's bills at sixty days' sight, of which few have been
offered. Native bills are procurable at 991 per cent.

On Madras and China the rates remain' ihe same as
when last quoted.
Freights—Very little has been done in freights dur-
ing the past fortnight. To London we quote 31. as the
rate of the day, and to Liverpool 21. 15s. to 31. Freights
to China within the last two or three days have retro-
graded owing to an influx of tonnage. On the 13th
instant we quoted 142 rs. as the rate, and to-day our
quotations must be one rupee under that rate. In the
ensuing week they will doubtless advance again.
The first Government opium sale of the season took
place at Calcutta on the 27th ult.
Mr. A. G. Latham, of the firm of Messrs. Ewart,
Lyon, and Co., and Sir Jamsetjee Jeejeebboy, have been
elected directors of the Bank of Bombay in the room of
Mr. John Parsons and Cursetjee Jamsetjce, who have
retired by rotation.
Cotton Manufactures—We need not repeat here that
the demand for these goods is generally active, prices
remunerative, and stocks light. Domestics are in good
demand, especially the heavier makes; so are grey shirt-
ings, but there are none of these in the market. The
same may be said of grey maddapollams and jacconets,
both as to stock and demand. For the sales reported
increased prices have been obtained. Of bleached goods
the market is entirely bare, consequently supplies are
got rid of on arrival at high prices. Turkey rods have
not changed in value, and there is a fair demand for
them. We have heard of large transactions in prints,
but the prices accepted will prove unremunerating to
the importer.
Cotton yarns—From our quotations it will be seen
that this branch of our trade has not enjoyed the same
active demand which peice goods have,experienced. As
stocks, however, are light, and we believe supplies on
the way are limited, yarns are likely to advance with
the season. There is scarcely any inquiry for dyed
yarns; no sales are reported.
Mule and Water Twist-110 bales mule twist, 3001 b.
each :—Mule No. 30, 61a.; No. 40, 710.; No. 50, Bka.;
No. 60, 98a. per lb. 35 bales water twist, No. 30, at 7a.;
No. 40, at 74a. per lb. Water twist-65 bales, 4001 b.
each, Nos. 20, 22, 24, and 26, at 6ka.; No. 30, at 7,-fa.
Woollens are very dull of sale.
Metals—The market is completely cleared of copper,
and the first arrivals will meet with good prices. Iron
has also experienced a slight advance since the departure
of the last mail. Spelter is in little demand, and has
declined somewhat. Lead is quoted a trifle higher. In
iron plates there is no change; Swedish steel is inquired
for, but no sales are reported. The following are the
sales:—