The Sun.
London, England, 1847-12-21 00:00:00

EXPORTS;

Cotton Wool—Before the arrival of the overland mail
of the 24th of September, on the evening of the 3d inst.,
purchases to the extent of about 1,200 bales of Broach
were made, at 98ir. and 991 r. per candy; Out since the
receipt of the late intelligence from England, the prices
of every description of this staple have given way, and
purchases to a moderate extent are reported. The price
for new Broach and Jurnhoosecr has opened at 1001-r.
per candy, and at which 3,500 bales have been bought to
arrive fur the English market. Old Broach is nnw freely
offered at 961 r.: Moller*, at. 9-tr.. to 96r.; and Compta,
at 87h. per candy, at which 206 Candies of the latter have
been purchased.
Sheep's Wool —About 560 candies of Persian have
been received since our last, the best quality of which
has commanded 125 r. per candy. In other kinds no
change, and prices of all are as quoted.
Opium—Little or nothing doing in the drug, no new
being yet here. •

TONNAGE.
The rate of freight to Great Britain has been sensibly
affected by the late accounts from that quarter, and to-
day cannot be quoted over Si. to 51. ss. per ton ; as yet
no actual engagements have been made at the former
figure, but ships are said to be willing to accept of it.
To China 18 rupees per candy is the rate, and one ves-
sel has been taken up at 30 rupees per ton of 50 cubic
feet, which is something novel in China freights.

, EXCHANGES.
The demand for bills upon London, added to the cau-
tion imposed upon parties by recent events in the selec-
tion of paper, has sent the rate for unexceptionable ones
down to Is. 10V. to le. 10i-d. per rupee, six months'
sight, at which large transactions have had effect, bank
,
paper having been that principally operated in. The
rates on Calcutta are 99r. to 99/r. GO days ' sight, and
991 r., to 921 r., 30 days'
sight. On Madras, 100 r., at
30 days' sight; on China, 214 r. per 100 dolls., 60 days'
sight. Money continues tolerably easy in the bazaar.
FREIGHTS.
£ .0 s.
To London, per ton ...
...
... ... sto 3 5
To Liverpool, poi. ton 5
••• ... —•
To China, per candy
.. ... ... Is rupees.
EXCHANGES.
London, at six months' sight, per R. Is. 1043. to Is. 10--'L-d
at two months'
sight, do. is. 101.
at one months'
sight, do. Is. 90.
China, at GO days' sight, per 100 Span. dolls. 214 rupees.
Madras, at 30 days' sight
...
... 100
Calcutta, at 60 days' sight, per 100 rupees 99 to 99 !-
Calcutta, at 30 days' sight, per 100 rupees 991 to 99,1
PRICES or
BULLION.
Sovereigns each ... ~.
... hlr. 2a.
o dragons, each
... '••
... 11r. 33.
Bank of England notes, per .c •••
... 10r. 13s.
Spanish dollars, per 100 ... '•' •
222 i
...
German crowns, per 100 .. 216
••• ••
Sycee silver, per 100 tolas
... 1021-103
quality) 1
Gold leaf, per tola (range ofl6t 17/
BANK SHARES.
Bombay Bank ... ••• ... 36r. per cent. pm.
Oriental B P k., I,ooor. each (500 paid u ) 250 r.
Commercial Bank . .
...(5-00r.i. 391 r.
sr. _
Agra Bank .. ...
f SECURITIES.
‘1,000L) 13r.
1 Bank of MadrasG .N-111ENT ovER

Rupees.
Fire per Cent. Transfer Loan ...
... 109. .. per 100 sicca
Five per Cent. Loan, 1825-26
104 ... . 100
Five per Cont. Loan, 1829-30 ... 104 .. 100
Four per Cent. Loan, 1832.33 ... 911.... — 100
Four per Cent. Loan, 1835-36 ... 57i... -- 100Co:s.
...
Five per Cent Loan, 1841-42 ... par 100
Four per Cent. Loan, 1842.43 ... 87i... 100

FmGazette.)
The disastrous
received
by the last mail
has, as might be expected, produced the utmost dis-
trust and alarm. Native merchants are entirely' at a
intelligenceth e Gentleman's
loss to understand the nature of such enormous failures
as have been reported, and the very magnitude of which
lead to the conclusion that others *lust necessarily follow.
Should this impression, however, prove erroneous, it is
not thought that Bombay will be implicated to any se-
rious extent, there being but three or four of these un-
fortunate houses which have much connexion with it ;
and sanguine hopes are entertained that one of these, the
largest in amount, will, in the case of Messrs. Sanderson
and Co.,be found perfectly solvent, and be speadii _marled
to resume their hitherto high position in the mercantile
world. The arrival of the next mail, expected about
the 26th, is looked for with intense anxiety. The results
of these extensive failures is depression of exchange and
tightness of money; besides forcing into the market
considerable quantities of goods, which have been
parted with at a great reduction on former prices.
Such at present is the degree of alarm prevalent,
that none but bank bills, and those chiefly at short dates,
can in any way be negotiated. There is one somewhat
singular feature attending this unprecedented panic ;
there is not one instance of the stoppage
of a regular
bank, and this induces a .
hope that, in the fearful list.
many, indeed a large majority, will be found to be in
such a state as may warrant their bankers assisting
them out of their difficulties, and at such a crisis it may
well become the Bank of England to act a more liberal
part than we have by the last mail received accounts of.
Under all the circumstances, it will readily be con-
ceived that legitimate business transactions are now, and
must probably remain for some time to come, under a
cloud, the clearing of which from the mercantile horizon
may hereafter not improbably lead to brighter prospects
as far as India is concerned.
The mail which left on Saturday morning took a
large amount of bills, duplicates of which leave this day,
and will in all probability arrive at the same time as
the originals. In a case like the present, when there is
increased risk of accident on the other side, it might

save disappointment were sets drawn oat in quadruple,
so that the parties might forward a triplicate yid Gaily,
on the 18th inst.

CHINA.
CANTON MARKET, OCT. 26.
Since our last advices of the 24th ult. we regret to
have to report a continuance of the general depression
for imports, though the feeling of confidence and secu-
rity amongst the native merchants has been in no way
interrupted; but interest of money has continued high,
and the accounts from the interior have not been favour-
able. This applies equally to the market at Shanghae.
The depression is observable in raw cotton, longclotbs.
and in woollens especially, and in cotton yarn; though
the deliveries this month have been unprecedented,
amounting to 2,421 bales, there is no improvement in
the market.

Cotton—We are not in a position to report that ad-
vance which we fully anticipated, in consequence of the
dealers being fully supplied, and the accounts from the
interior not being sufficiently favourable to encourage
large purchases. The sales during the month (say
14,000 bales) have been made at about 2 mace lower,
and are comparatively small, as the demand at this par •
ticular season is estimeted at about 30,000 bales.
Bombay-10,000 bales have been quoted at 6.6 taels
to S taels, showing a decline of 2to 3 mace. We are in
expectation, should holders remain firm, that prices must
advance, as this staple is universally consumed. We
quote middling to good at 7.6 taels to 7.9 tales ; fine, 8
taels.

Bengal-2,500 bales have found purchasers at from
7.6 taels to 8.4 taels, showing a slight decline. The
accounts of good crops in the north are affecting the
consumption of this staple. We quote good to fine from
8.1 taels to 8 4 taels ; middling, 7.8 taels.
Madras—The sales are reported at 310 bales, from
7.6 taels to 8.3 taels, showing a decline of 3 mace.
Stocks are accumulating. We quote good to fine from
7.6 taels to 8.2 taels.

Imported, 36,640 bales ; delivered, 22,287 ; stock,
91,790 ; same period, 1846, 71,712 ; same period, 1845,
78,144.

Cotton Yarn—The sales are reported at 1,200 to
1,800 bales. Prices have still further receded for the
lower Nos. Holders are firm, but, notwithstanding the
large deliveries during the month, we cannot look for
much improvement in face of stocks and expected ar-
rivals. We quote Nos. 16-24, 24 to 25 dollars ; Nos.
18-32, 28 to 29 dollars; and Nos. 38-42, 32 to 32i
dollars.

American Yarn—No sales reported; stock about 1,000
bales. Nos. 16-24, 23 to 23i dollars, nominal.
Longcloths—The market remains without much alte-
ration in price. The business during the month com-
prises 30,000 to 40,000 pieces grey, and 12,000 to 13,000
pieces white, principally in barter, at 2 dolls. 30c. to
2 dolls. 60c. for the former, and 2 dolls. 40c. to 2 dolls.
85c. for the latter, showing a decline in both* descrip-
tions. The stock in Canton and Hong-Kong is estimated
at upwards of 600,000 pieces.
American Domestics—No sales; stock trifling. Twills,
30 yards by 30 inches, sales are reported of 18,000 to
20,000 pieces, at 2 dolls. 37c. to 2 dolls. 40c., showing a
decline on former rates. 40 yards by 30 inches, 6,000
to 8,000 pieces sold at 3 dolls. 25c. Prices are not likely
to be, maintained, as imports are looked for.
Wollens —Spanish Stripes—Sales to the extent of
1,000 pieces only are reported, at 1 doll. to 1 doll. 22c.,
showing a decline of 3c. to 4c. As the stock is heavy,
and further supplies expected immediately, the prospects
are discouraging.
Habit Cloths—Small sales, quoted at 1 doll. 35c. to
1 doll. 50c.
Medium Cloths—No sales reported, quoted at 2 dolls.
20c. to 2 dolls. 50c.

Camlets—Prices have declined for English. Sales are
reported at 1,500 to 1,600 pieces, at 17 dolls. to 21 dolls.
In Dutch no transactions, quoted at 2.1 dolls. to 26 dolls.
Lastings—No change, 12 dolls. 50c. to 16 dolls. 50c.
Bombazettes—Stock small, quoted at 11 dolls. to
12 dolls.

Metals—lron—Prices remain unaltered, save for bar.
Few sales. We quote hoop at 3 dolls. 90c. to 4 dolls. ;
nail rod, 4 dolls. to 4 dolls. 10c. ; bar, 3 dolls. 40c. to
3 dolls. 50c. The demand is very trifling at present,
but, should imports be moderate, prices are likely to
improve.
Steel—Quoted at 5 dolls. 20c. to 5 dolls. 50c., showing
a slight improvement. Stock small.
Spelter-5 dolls. 80c. Stock moderate.
Lead—lmports have been rather large, and the
Chinese have also brought a quantity to market, which
has affected prices, and they are now quoted at 6 dolls.
30c. to 6 dolls. 40c.

Tin Plates—Without change ; 7 dolls. 50e. to 8 dolls.
Stock small.

Sinalts—Quoted 20 dolls. to 50 dolls., according to
quality. Stock moderate.
Cochineal—ln consequence of imports upwards of
100 piculs, prices have receded. Small sales reported at
230 dollars to 250 dollars, which may be quoted at pre-
sent value. Large sales, however, could not be effected
at those rates.