The Sun.
London, England, 1847-05-05 00:00:00

effect notwithstanding the continued high rates of freight to
England, and prices are high. On Saturday, the 20th, there
was a Government sale at the Custom-house of 500 bales
of cotton, the growth of the Southern Mahratta country and
cleaned by American Saw-Gins,—part of a lot, going home
by order of the Court of Directors, which was sold here at
the recommendation of the Chamber of Commerce in order
more immediately to ascertain its value—and the prices
brought ran from rs. 107 to rs. 124 to 125 per Surat candy
of 7841 b.—one parcel of 42 bales from the Khandeish Col-
lectorate having brought as much as rs. 132 per candy.
These prices, having in view the present high rates of ship
freight, must be considered very encouraging to Govern-
ment and the native growers. Ordinary market prices are
as follow :
Broach and Jumbooseer, New, rs. 96 to 98 per candy ;
ditto, old, 72 to 80 ; Surat, new. 98 ; ditto, old, 73 to 80 ;
Dhollera, new, 86 to 88; ditto, old, 72 to 74; Oumrawutty,
new, 88 to 89; ditto, old, 70; Compta, old, 68.
offee—Nothing doing.
Opium—No alteration since our last.
Freights—These are again firm at 7/. per ton to Liverpool.
Since our last as much as 7/. ss. has been paid, but this very
extreme rate has not been sustained; au engagement or two
having been made on the arrival of two or three vessels at
once at 6/. 17s. 6d. To London, engagements have been
made at 6/. 10s. to 6/. 15s. To China, rs. 23 to rs. 24 per
candy continues the rate.

MONEY-MARKET.
The Money-market is becoming exceedingly tight, and ac-
cordingly there is a slight decline in the late nominal values
of public funds. This tendency is yet on the increase. We
quote as follows :-5 per cent. Loan of 1825-26, Rs. 103 per
100 Sic Rs.; 4 ditto of 1832-33, Rs. 92 per ditto; 4 ditto of
1835- 36, Rs. 87 Co.'s Rs. per 100 ; 5 ditto of 1841-42, Rs. 99
per ditto; 5 ditto of 1842-1843, Rs. 87 ditto; 5 ditto of
Transfer Loan, no quotation.
Bank of Bombay, Rs. 35 to 36 per cent. pm. Oriental
Bank, 21 Rs. ditto. Agra Bank, 50 Rs. exclusive of the
bonus divisible on June 30th, 1847, of 40 is. per share. Divi-
dend for the half-year ended Dec. 31st, 1846, to 12 per cent.
Commercial, 4 to 41/2 pm.
Exchange—The rate of six months' bills on England is
down to 2s. o%d. to 2s. 03i d., at both of which rates trans •
actions have had effect. The fact of the Government an-
nouncement of their intention to make large advances on
India produce this season consigned to Englandi has not
vet been well ascertained. It Ivould seem to have caused a
decline in the rate of exchange already.
Price of Bullion—Sovereigns, each 11 rs. 1 anna; Bank
of England notes, per ea,b, 10 rs. 8 annas.
THE CALCUTTA MARKETS.
(From the Bengal Hurkarre of March 20.)
Our budget of commercial intelligence is of rather more
than usual interest. The news brought by the last mail
from home of an increased demand for rice, and the in-
tention of Government to permit and encourage the use
of sugar in brewing and distilling, caused considerable
activity in the market for those very staples, which was
checked only by the very scanty supply of tonnage and
consequently high rates of freight. The Government has
announced its intention to extend its advances on the hy-
pothecation of goods from 800,0001. to 1,255,0001., during
the current official year and the next, with an additional
sum of 600,0001. for the supply of the ensuing year, as far as
its requirements are at present known. The advances are,
until further orders, to be made as before at 2s. per rupee.
Exchange has still, however, had an upward tendency, and
may be quoted at 2s. lid. to 2s. lid.
The money market has again become exceedingly tight,
and the banks have raised their rates of interest on private
bills to 12 per cent., the legal maximum, and on Govern-
ment acceptances to 8 per cent. per annum. This state of
things has, of course, a depressing effect on company's paper
of all kinds; and even the paper of the New Five per Cent.
Loan is to be bad in the bazaar at a discount of about

1 per cent.
Freights are still rising, and there being little likelihood of
a large or early accession to the amount of available ton-
nage, will probably yet go up. As much as 81. lOs to 81. 15s.
have been given for sugar and rice to England.

CAPT. WARNER'S LONG RANGE.

TO THE EDITOR OF THE SUN.

Sift,—Finding that much comment is made on an
alleged admission of mine, that the recent experiment to
exhibit the powers of Captain Warner's long range was
a failure, I beg leave to enclose you the copy of a letter
I wrote to Lord John Russell, shortly after that experi-
ment, which will show that my deliberate opinion is of a
very different character,
This will perhaps be sufficient for me to say, until an
opportunity is afforded me of delivering my opinion in
Parliament.

Your obedient servant,
INGESTRE.

May 4, 1847.

" Curraghmore, Carrick-on-Suir, Dec. 12, 1846.
"iffy Lord,—l am in receipt, by post this morning,
through Lord Anglesey, of the report of the officers appointed
to examine into Captain Warner's inventions, and avail
myself of the permission given me to offer a few remarks
upon it.
"In the first place I am bound to say that the course
adopted by the Government in this matter has been open and
straightforward, and every reasonable facility for arriving at
a proper decision has been afforded.
" Not having the journal by me kept by the committee, I
can offer no observations upon it; but there can be no doubt
that it is a correct history of facts as they occurred.
"As regards the conclusion arrived at by the committee,
that the trial proved a failure, I must say I cannot concur.
It is perfectly true that Captain Warner had the choice of
the place of operation, and that a certain direction was
pointed
out as the one most desirable, as affording the fur-
thest scope; but that he ever pretended he could send the
missile in that direction, unless the wind proved favourable, 1
must entirely deny.
" The secrecy necessary to be observed, the vast amount
of personal labour, the immense weights to be moved, the
lateness of the season for continued out-of-doors operations,
all concurred in making the task one of considerable diffi-
culty, which was not diminished by having little more than
two points of the compass in which the desired range of five
miles could be obtained. None of these difficulties would
occur in real service, where you would operate from a
steamer, and choose your time and your position, and, more-
over, would have all the necessary ingredients always at
command, instead of having, as in this case, to erect a large
and heavy battery, from which to make the necessary gas.
" In the late experiment the day was nearly a calm—once
or twice in the course of it pilots had been sent up, and indi-
cated that the current of air was in the desired direction
Captain Warner had the day before received a communi-
cation from the committee, urging him to go on with the
experiment, or to move everything (an obvious impossi-
bility) to some other place, where be would have a scope
with all winds. This made him most anxious to operate,
and he summoned the committee, and said that if a pilot,
which he would send up immediately before the main
machine, went in a proper direction with sufficient
range, he should start the machine, and asked if ho could not
get the entire range, if that would be considered sufficient.
It is capable of proof that the pilot was so started ; that the
wind proved to be north-west instead of north, as was wished ;
that Captain Warner, at the time, asked what range there
was in that direction ; was answered that there were four
miles, and accordingly
let the machine go, having first
arranged the fuse for that distance.
terribleeten ded
power to doof.
" I regret very much that the Committee did not stay to
y,
"Seeing,
in Ngi:atrhneenr, etvheerpr
satisfy themselves that the number of shells—namely, 30 of
101 b. weight each—had been sent, and that they had been
sent at time proper intervals in a direct line, which was all
Ca
these missiles, I would
humbly suggest to your Lordship thatproof be called for of the
facts I have alluded to, that Capt. Warner should be directed
to show that he can send these machines one after another
in a steady uniform line, and that lie can move one of con-
siderable size about in any direction, so as to ensure having
p
a favourable wind, and that he hold it over the place to
be attacked, till it has dischargedcan.
its missiles, and also that
he can measure the force of the wind, and set his fusees cor-
rectly, so as to drop the shells at the right moment. All
this can be done without further expense, and almost at any
place that might be selected, and with very little loss of time.
Without trespassing further upon your Lordship's time, I
may add that Captain Warner would, I am sure, readily give
the required proofs or attend any summons you might wish
to make, it a personal interview is thought expedient, and
that I shall return to Ingostre by the end of this month,
where I shall be most ready to attend to any directions you
may think proper to give me.
Your most obedient humble servant,
INGESTRE.
P.S.—I have sent this to Captain Warner, for transmission,
and that be may subjoin any comments of his own.
The Lord John Russell, &c., Downing-street.