The Sun.
London, England, 1847-05-24 00:00:00

TRE SUN, LONDO.NI

by the previous opportunity, the only circumstances
calculated to produce any effect here being the lowering
of their rate by the Court of Directors for draughts on
this treasury from ls. 11d. to Is. 10d. per rupee, and a
report that the cultivation of indigo in Java was to be
discontinued; the former had the immediate effect of
lowering our exchange on England nearly 4 per cent.,
being expected to induce extensive remittances, both for
local requirements (for which parties here would other-
wise have had to draw) and for exchange operations ;
the amount, however, actually received by the mail above
referred to not having been particularly heavy, and it
being uncertain whether the Precursor would be in
before the dispatch of the present mail, drawers have of
late been manifesting more disposition to operate, and,
as a natural consequence, the rate has again had an
upward tendency. The report regarding Java, although
of considerable importance, was too vague to produce
much effect here; but its confirmation and full particu-
lars are anxiously looked for.
Transactions in produce have been on a moderate scale
throughout the past fortnight, the somewhat unsettled
position of the home markets, by the last advices, for
one or two staples hitherto in brisk demand here having
checked operations, notwithstanding the decline in ex-
change and rather more numerous arrivals.
Our import trade continues in a most unsatisfactory
state, purchases having been almost entirely confined to
manufactures suited to local requirements ; the position
of the money market, low state of the up-country rivers,
and the apparent absence of orders, having kept dealers
out of the market for both metals and yarn.
The tightness in the money market, noticed in our
last, has been in no way relieved ; the banks rates con-
tinuing at the highest point, and Government securities
having been difficult of realization, except at a further
decline.
The somewhat less favourable reports received by the
last mail, of the value of rice in the home markets, hav-
ing checked shipments of that staple, and arrivals hav-
ing in the meanwhile been rather more numerous, our
rates of freight have been less firm, and a decline has in
several instances been submitted to ; but, although their
future ruling must of course be guided in some measure
by the accounts we are about to receive by the Pre-
cursor, we cannot see any prospect of a further material
decline ; although, when so much above the ordinary
currency as at present, some fluctuation must of course
be anticipated.
We may notice that Government has reduced the
duty on salt from Company's rupees 3 to Company's ru-
pees 2 12 per =and ; but as the price at the gulahs is
also lowered in an even greater degree, the result of the
measure is, on the whole, prejudicial to the success of
shipments from home.
The Precursor, with the mail of the 24th of February,
arrived off town late last evening, but no letters had
been delivered up to 10 P.M.
Indigo—There has been a fair inquiry for this staple
for all parts since our last, and the quantity available
either in European or native bands being extremely
limited, holders have been enabled to establish a slight
advance on the previous currency; the business done,
however, has nevertheless been very moderate; that by
auction having been limited to two sales, aggregating
about 700 chests; whilst, by private contract, we hare
not heard of any transactions, with the exception of a
few parcels of native manufacture, there being, in fact,
scarcely any European marks remaining in first hands,
with the exception of those now in course of shipment,
or which will be shipped on planter's account, unless a
further considerable advance is obtainable.
Exports from the let of November, 1846, to the sth of
March, 1847, have been as follows, viz.:—
Chests. Fy. Mds.

To Great Britain
France
North America 5,963 21,937
North America
Red Sea, Bombay, and Gulf 1,209 4,187
- ----

26,647 100,339

PUBLIC SALES.
SALE OF MARCH 26, 1847.
W. C. Baddely, Doomab, Tirhoot.
Chests. r. p. F. p. Per fy. md.

W S
D 35 at 82 Bto 120 OaverageCompsay'sßs. 115 4
G. Mitchell, Amosh, Tirhoot.

T and Co.
A 24 at 87 8 115 8 „
T. Gibson, Hattee, Oosttee;Tirhoot.

118 8

TG
HO 11 sit 00 00 „ f 1 110 0
And a few chests sundries at corresponding rates.
SALE OF MARCH 20.
G. Thompson, Beylah, Juanpore.

makes of thirty-nine inch; low bleached also are doing
better than sixty reed or upwards, which are at present
in little demand, and heavy in stock. Of jaconnets also
the low and medium makes, both of gray and bleached,
are most wanted, although even these are not bringing
remunerating prices, whilst finer qualities continue neg-
lected; the demand for white twills has been languid,
and prices drooping; checks, spots, and stripe cambric,
and in fact almost all the lighter fabrics are in very mo-
derate inquiry, and bringing poor prices.
Imports in March were as follows, viz.:—
White. Gray.
Long Cloths and Shirtings 474 packages 1,353 packages
Madapollams -
Cambrics 7B -- 3
Jacconets 673 256
Lappets
7 0 -

Lenoes e
Book Muslins
Mulls and Mediums -
Muslins - 0 ---
Checks, Spots, and Stripes 106 0
Scarfs and Chuddurs 2Ol 0 --
Twills
Drills
Sundries
Coloured and Printed Goods—We have no improve•
ment to notice in prints, low Bengal stripes beit.g still
almost the only description bringing saving prices, owing
to their being rather light in stock. The Caubul dealers
being out of the market, Turkey red twills and cloths
have again been comparatively neglected, and are bring-
ing good prices.
Imports of all kinds in March were 361 cases.
Woollens—Almost all descriptions continue neglected,
and only saleable at miserable prices. Imports in March
were 31 bales.

Mule Twist The demand for yarn has been ex-
tremely languid throughout the past fortnight, and to
effect sales a considerable decline on our last quotations
became necessary, more especially on Nos. 30 to 50, and
has been submitted to on the sales effected, although,
generally speaking, resisted by holders, who appear in-
clined to hold on until an improved inquiry is experenced,
which may be anticipated in Jutte, July, and August ;
but as the stock on hand is heavy, and the quantity on
the way quite adequate to any probable demand, we
cannot say that the prospect appears very encouraging.
Imports in March were 3,555 bales, or 1,762,3201 b.
Coloured Yarn—There has been some little improve-
ment in the demand for Turkey red yarn, which, as
well as orange, has had rather an upward tendency,
although the business done has not been heavy. Imports
in March were as follows :

Bales. lb.
Red 89 or 85,600
Orange 67 or 21,000
Metals—Business under this head is apparently quite
at a stand for the present ; for, although holders have
been gradually reducing their demands, dealers cannot
be induced to come forward, and we have not heard of a
single sale in either copper or spelter throughout the
last fortnight, so that our quotations are necessarily
completely nominal, being merely the rates at which
some parties would be willing to realise, whilst others
are still holding firmly. Iron has again lost the advance
noticed in our last, and participates in the general
dulness.
Imports in March were as follow, viz.:—

COPPER.

Tile and ingot
Sheet and plate 2,100

South American
Old l5B „
Brazier's 6B „
Nails
IRON.

Bar 159 „
Bolt and rod
Pig
Nails
Old 54 „
SPELTER.
3,506 maunds.
Beer—Stocks of the old beer are now much reduced,
holders of the favourite brands having been realising
to some extent, more especially of Bass, at about 50
rupees per hogshead, in anticipation of arrivals of the
new brew.
Imports in March were as follows, viz.:—
Bass's
Tenant's 1 hogshead.
EXCIIINGE.—On receipt of the mail of the Bth of
February, announcing the reduction in the home rate
for draughts on this Treasury, drawers showed more
firmness, and operations in ten months data paper were
effected as low as 2s. Oid. per rupee; subsequently,
however, owing to the continued tightness of money,
drawers came forward more freely, and the moderate
business doing in imports having limited the amount to
be remitted, buyers were enabled in some measure to
regain the decline, yesterday's rates being about 2s. Cid.
to 2s. Old., with more sellers than buyers.
MONEY-MARKET.
We have not the slightest relaxation to notice under
this bead, the banks' rates of interest and discount con-
tinuing at their highest point, and Government securi-
ties still declining in value, as will be seen by the an-
nexed quotations; whilst in Bank Stock we have scarcely
heard of any transactions, and rates are almost entirely
nominal :
CURRENT VALUE OF GOVERNMENT SECURITIES, BANK
STOCK. R.C. _ _

Transfer 5 per Cent Rs. 5 0 oto 6 0 0 prm.
Second ditto „ 5 8 oto 6 0 0 die.
Third ditto „ 5 8 oto 6 0 0 ditto
New or fourth ditto „ 1 8 oto 2 0 0 ditto
Company' rupees 4 per cent ., 13 0 oto 14 0 0 ditto
Sicca rupees ditto „ 15 0 0 to 16 0 0 ( itto
Bank of Bengal Shares Com-
pany's rupees 4,000 each, 2,250 to 2,300 prem.
Union Bank „ 1,000 ditto par to 10 ditto
Agra Bank „ 500 ditto 285 to 240 ditto
Oriental Bank, 1,000 ditto 160 to 180 ditto
N. W. Bank of 500 1 Old 190 to 200 ditto
India New 100 to 130 ditto

YREIGIITS.
The somewhat unfavourable advices for rice received
by the last mail having checked shipments of that staple,
and arrivals in the interim not having been quite so
light as previously, rates have been rather unsettled, and
our quotations have in several instances been accepted,
viz.:---

To London and Liverpool.
.£ 8. d. X a. d.

Saltpetre ... 8 0 0 to 8 8 0 per ton of 20 cwt.
Sugar ... ... 8 7 6 to 8 12 6 do.
Rice ... 8 10 0 to 8 15 0 do.
Hides ... 6 10 0 to 6 15 0 14 cwt.
Jute ... ... 5 5 0 to 6 0 0 5 bales.
Indigo and silk
piece goods 8 0 0 to 8 10 0 50 c. feet.
Raw Silk ... 8 0 0 to 8 10 0 10 cwt.
For other staples rates are almost nominal.
To Mauritius.
Rice, Company's Rupees... 2 10 to 2 12 per bag.
Measurement Goods, d 0.... 35 per 50 c. feet:
To China.
Cotton ... $4 to 5 per bale.
Opium 8 to 10 per chest.
Saltpetre ... per bag.
THE BOMBAY MARKET.
THURSDAY, APRIL 15.—Since the last bi-monthly
report our import market has not experienced the least
improvement, but, on the contrary, all descriptions of
cotton fabrics, as well as most descriptions of metals, are
now to be had at lower prices, and as our purchasers for
exportation to Persia, Arabia, and the coast, are with-
drawing themselves from the market, prior to the break-
ing up of the fine season, we must shortly expect to see
operations confined for some time to the supply of local
wants.
Cotton Manufactures—There has been a larger amount
of business done in piece goods during the past fortnight
than in the preceding one, but in the absence of any
particular demand, transactions have been brought about
chiefly by importers, in their eagerness to realise stocks
before the final close of the season, submitting to lower
prices, the bulk of the sales consisting of grey shirtings
and madapollams, more particularly of the former, in
40 inch width, which have been forced off in large quan-
tities., The demand that previously existed for domes-
tiesie as disappeared with the retirement of the Persian
rs,and these goods, in common with all others,
noware dffi
cult to sell, even at a great reduction in
price.

Dyed Goods and Prints continue dull.

Cotton Yarn—Grey is not saleable so readily as it was
and shows a tendency to fall in prices. The sales of the
fortnight are very trifling, consisting merely of 105 bales
of 3001 b. each, as follow:
Water-25 bales. No. 30 36

anuas 81 91 per lb.
No. 30 40 50

Mule-80 „

annas 71 8 9/ at9f 10 prlb.
In dyed yarn, 5,0001 b. of "Turkey red," good quality,
are said to have been sold to arrive, at 14 rs. per lb. for
average No. 40, but in " orange " no transactions have
transpired.
Woollens continue dull, but we are advised of the fo
lowing sales of cloth:-
192 pieces 4,609 yards scarlet save-
list cloth, at Its.
72 pieces 1,800 yards assorted
colour savelist cloth, at annas . . 0 15 0

1 2 6 per yard

24 pieces 6261 yards dark blue stout
cloth, at Rs 2 0 0 „
In flannel there is nothing doing that we hear of.
Metals—Transactions in these have heen limited,
several descriptions having become difficult to move,
amongst which may be numbered Bar Iron, both Swe-
dish and British. Of this latter kind about 1,000 can •
dies were sold early in the month at 311 rs. to 31i rs.
per candy; and about 200 candies Square at 40 rs. per
candy. No sales have been reported in Nailrod, Sheet,
or Hoop Iron, but for the two last-mentioned kinds
lower prices are being offered. In Nails we hear of a
sale of 200 kegs at 12i rs. per cwt. Copper—ln Sheath-
ing and Braziers we have to notice a decline in prices,
owing tol recent arrivals; and 200 cwt. of Braziers have
been sold at 60 rs. per cwt. Tiles, however, have some-
what improved, a parcel of 75 cwt. having fetched 51k
rs. per cwt. Speltre—The inquiry for this metal is less
active than it was, but we have heard of a sale of 1,000
cwt. in small plates at 12i rs. In Lead, Tin Plates, or
Steel, nothing has takensplace, and prices remain nomi-
nally as last quoted.
Cochineal—A recent importation of 1,7001b5. has been
sold at 41rs. per lb., and about 4,0001ba. to arrive have
been disposed of at 41rs. and Ors. per lb., the former
price being for delivery in a week, and the latter for ar-
rival about the middle of next month.
Saffron—The prices of this artiole continue to give
way, owing to the lateness of the season. 50 lb. of good
quality have been disposed of at 151 rs. per lb.
Marine Stores continue without improvement. There
has been an arrival of white lead, but, being in the hands
of native importers its fate has not been reported.
Beer—We continue without any arrivals of the new,
and hare, t ,
thOTONTO, nothing to report.