The Sun.
London, England, 1840-12-11 00:00:00

Li; WEN '; NG IA:ID:-10N*

commercial excitement, 1836. With the exceptiou
hosiery and yarn, which have fallen off, this increase! is
diffused over nearly every article of import. There
was a marked decrease in the imports for the trading
places on the coast, excepting Cutch, Scinde, Goa,
Manilla, and the Mauritius. The increase ia the trade
from Scinde arose from the increased imports of indigo
and treasure, which would be seen fram the returns,
which showed the imports of indigo in 1838 39 to be
4,48,13.5 rupees,': whilst in 1837-38 it was only
1,26,567 rupees ; of treasure, the imports in 183839
were 7,38,424 rupees, and in 1837-38 only 2,88,900
rupees. The falling off in the imports from Calcutta
was principally in sugar and raw silk. The export
trade of Bombay in 1838.39 was 4,81,46,160 rupees,
and in 1839-40 4,04,71,799 rupees. Here again the fall-
ing off in the exports to China was enormous, having
been in 1839-40 -only 63,42,405 rupees, whilst in
1838-39 it was 2,66,85,034 rupees. This was, how-
ever, in some degree balanced by an increased export
to Singapore and Manilla of cotton and opium, ultimately
destined for the China market. It was also in some
degree made up by an increase in the exports to Great
Britain, a portion of the cotton which would otherwise
have found its way to China having been diverted to
that market, the value of the cotton exported to the
United Kingdom in 1839-40 being nearly double that
of the preceding year. The following is a statement of
the value of the principal expees to Great Britain in
the years named :

1838.39. 1839-40.
Cotton 47,69,000r5. ...... 89,45,000r5.
India Piece goods 7,44,000
Coffee 3,14,000
Wool
Elephants' teeth ... 3,17,000
Pepper .. 1,81,000
Sugar
Hemp
Tea 70,000
Indigo 41,000 ...... 4,14,000
Gums
Raw Silk 45,000

Medicines & Drugs 89,000
The exports to Calcutta had increased very mate-
rially. In 1838-39 they amounted to 3,69,180r5., and
in 1839.40 to 28,36,491r5., and the increase was for the
roost part upon treasure, the amount of silver coin ex-
ported in the former year being 1,05,000r5., and in
the latter 19,82,700r5. Almost every other article o!
merchandise had also increased to a certain extent, es-
pecially beads, coffee, cocoa-nuts, medicines, and drugs,
British piece goods, twist, salt, tea, vermilion, wood, and
what was considered rather curious, indigo. The value
of indigo exported from Bombay to Calcutta, accord-
ing to the Custom-house report, during the last year,
was SB,oo7rs. _ _ .

The great increase in the consumption of coal in
Bengal is mentioned in the Indian newspapers as a cir-
cumstance of congratulation. The increase is esti-
mated at 12 lacs of maunds (say 8,200,0001 b.) per
annum. The consideration of this increase has led to
a curious investigation into the history of the con-
sumption of Bengal coal, and it appears that the earliest
authentic information on the subject is, that a political
agent, employed in the district of Bearbhoom, sent down
in 1774 about 2,000 maunds (say 164,0001 b.) to the
arsenal, from a village called Aytura, ,pear which the
excavations are still visible. The supply, however,
soon ceased, and it does not seem that the coals were
approved of. The mines were neglected for above 40
years. A subsequent operation was commenced on the
Srphet coal in 1815, and continued for above two
years, when this experiment was abandoned. This
caal has been found tar superior to the other, but cer-
tain local difficulties have prevented it from being freely
.u:e('. In 1816 the mines of Burdwan were again
'Ostptored, and a Mr. Jones, supported by the Marquis
of Hastings, who granted a loan from the Treasury,
formed an establishment for working them, and con-
tinued his labours till 1821, when he found it neces-
sary to erect a steam-engine. He died before the coat-
i:let:on of this project, which fall into other hands ; but
his sucecsors obtained a superior article, which was scon
uoal in ;be smithies and in the steam-engine at Seram-
re construction of the Diana steamer at Cal-
cutta about this tint:" gave a new impulse to the work-
ing of the colieries, and a second colliery was erected in
1826, when the Burmese war found eoestant employ-
h,ent tiae Enterprise, the iitst steamer that went
from Wand to India. S.nce then the detnand has
'rearn!-Irly incrersed, having been 150,000 meuods in
1326, and 1o0:000 in 1839, and it is expected it will
exce.al that amount th s year by 100,000 at least. At-
Las also been erawn to the project of oil-Tree:cc
co sl in ile leaf deg of bricks, end it is calcullt, that r.t
the present titre about 130.000 maunds arc thus an-

y in the n,,iolbourlood of Catenua. Bj-
SYst'S !hiS, atb,Juz. 120,000 rnaunds are; in the ;Irmo-
is,,t.ur,.• tit runi ;ind sug-ar ; and this abiii:y of the co'cony

ts ()A

XJ us t.q,t tcture

sue'l important article: b.
rosource,,_ ond the pzobabi:ity o 1 its tlre.,t7.-.oduciive-
nrzs, wi it a fair trial, is use.' cs a frc.sh a,gament in
favour of. 'be reninvA of the d soriminaung duties to
pr,oducc is subjected, and against the re-
!Le labo!:rog popu!,:tion ti::: culiArraiott-el

till,

subj-et of thu Frurch loan
to al),.orLl wtentiUn in the City. NVe were
r;ght ennr!.,(n in putting down NI. Hurnann's more jai-
..ants at from right to tt-r: ,sterling, but
Ile rcou7re a lola to that ex-

ae.C.?!eft

it i, nO. cerla!n

I.•rit. it., Its c.,;!•pr s•wrc+,

errp!oy to SLlpp!y !he

aFsis--

I fr:i.

ctlCt Lc atrt

TiCY, iilld

B

s r'', ;.

r reasoo a hilt he should

to 'mike up the charged upon the es' i-
za o.es. Mr. Bring very wis:ly rut on an additional
centar on the custornl, excise, and assesied t.rxt,s
in thi7. coartry, to coo:pens,te for th short coming in
nor pro:L.I,7M by on increased expnditute, and
Kp ",11,k his exurp!e Might b. follyxed by the Fruneh
Fniarce with good vfLet under existing eir-
etim4!j,t!:•s. The so plies vo'ed by the Francis
ore much less tli“n ours is p•oportion to the popu-
"llion, arid our neighhnur3 c 0,11,1 not grumble if their
ni,ter Acre to propose a gen-ral imposition of ten or
fi IC:•n per cent. on their diret taxes to ail in providing
kr the rxpenss of ttlantaininr, on attned e
getler.O. opinion hoiog that the am, :unt of tae loan si I
net be Iv) Ire try na w:.:s at first aaticipat.A, the Eng4h
Fuels Hve rather improvcd to-lily. It rumoured
that It lean of tour re.tliioni ste,ling, at 90, his
b•en enntr:e.ted for in AlisterLni, by the house of
Ilf).;,.! and Co.

!esi,leg, what cou'd raitrd the .baps of

II CG tVSX

HER ALD.— incr.-17uli,y is ism-eyed in the
Cit) as to the c, n!rni-date,l anicuct of the leaa at,out
to ttc rdisp,l in Frai;c4:.: For the public 'CI ;C', which in
thr. lie;.ald this mor.iia4 is at 500.0)0,000% or
`20.W0 0001. Aceorilieg to the staterannt of M.
I-I.:al.:nu it would tilt appear th.lt on:•-lrAlf tha aznoiti.t
can ha least for 0711:: 6:112 to come rtr bort.,

oF tizsr. year. If a lare:er sum than 13) or
IC:9.OiT) U 30.. be raisA now by way of loan, it cte oily
he on to, .3calcul ition that the monoy :rkets of Franec
tin t Europe, i!i at ease as they are no,s, are in a mare
favourahle pl4ition than they are I:kr..ly to be next year
and the year after ; that is in tact, to speak platu!y,
that the extraordi Lary armaments of France ha,l-anti
have rvference to other contingencies et public aff.tirs, and
eiwri of more consequence than tho.ie of Egypt and
Svri t ; and therefore that it is deemel prudent to take
time by the forelo.A an -I provide num the means Of pre-
p tratott and action which hereafter na7ght not be famed
so readily. The particular contingency on which the
coatinuance of peace may -yet be said to havg, can, i f
course, have reference only to Spain, Another and ur:-
expe,:ted loon operation is spok,n of to-day, not h9ty-
rv.ir as a matter in contemplation, but as a 'act ac-
evplishcd. It is stated that a loan to Russia has ae-
tAll h:cri contracted for by the house of Hope arid
Co. of Amsterdam in a Four per Cent. Stock at the
rat© of 90. The amount is not mentioned. It is quite
e!ear from these facts and signs abroad that now more
than ever the vigilance of the Directors of the Bank of
• E"gland must be constant exercise. The increase
of -expenditure caused by the war armaments of France
must eau.se a simultan:•eus increase, if not to the same
extutt, in other States of the Continent, as it seems has
-eon
toe case in Russia, and therefore the resources
of the money markets here and elsewhere are likely to
be severely

POST.—It will have been observed by the Paris
flaws that the Finance Minister of France makes out a
deficit in the national resources of about .550 million
francs, as applicable to the years 1840 and 1841. The
arrangements in progress respect to the fortifica-
tions and other public works": armaments will, in
the end, produce an aggregatendvieh.ciency of 800 mil-
viesich. will have to be
lion francs (32 millions sterling), which
in the shape of
made good by extraordinary
year,
sterling
loans or otherwise. From 10 tporela
must be forthcoming during the Lt
in the next, but by what process it is to her'moarneaagreldy
has not apparently yet been determined. It is absurd
to suppose that the financial affairs of this country will
not be affected by the measure, whatever plan may be
adopted.
Although the result of the Presidential election in
the United Statos has been bailed by the mercantile
community of England with expreisions of unbounded
pleasure, we think there are considerations involved in
the triumph of the candidate opposed to Mr. Van Buren
which afilard but little cause for congratulation. Our
readers are aware, from what we had before said upon
the subject, that the tariff of the United States is un-
dergoing a gradual reduction, the progression of which
ues until the year 1842, when the rate of duty
On
alliti arstiels of importation will be fixed at twenty per
cent, e
the maximum. It was the introduction of
this project by the hand of Mr. Clay that served to
reconcile the
States,
between the northern
and southern
for the interests of these sections of
the union areinple antagonism, the one employing
its labour in
agriculture,
Comthepri,en other in manuk.ctures. The
loco foco party, or incumbents of the Govern-
ment, are opposed to the maximum of twenty per cent.
and their demands will only be satisfied when the cur-
toms duty shall be lowered toA per cent. Here the
loco locos become identified
with the c cotton-growing
districts. The Harrison influence, on the other hand,

-eprt'sented in the person of Mc. Webster, has increased
in the northern districts of the Commonwealth, and is
now clearly mixed up with their manufacturinz skill.
We should not be surprised, therefout. if the Modifi-
cation Bill of Mr. Clay were suspended, or its rurpese
defeated, by the successors of the Van Buren party.
Under these circumstances, we would caution the en-
terprising people of this country not to be over sanguine
as to the future, but rather to confine their manufac-
turing labours to their present circumscribed limits un-
til the policy of the new men, with regard to the foreign
trade, shall be developed.
A steam-ship, considered to be the British Queen,
was seen about a day's sail from the banks of New-
foundland on the night of the 18th of November. It
would be the 22d ult. before she could reach New York.

SUN.—There were no arrivals all day, with late in-
telligence of public interest.
The Funds closed steadily, except as regards Exche-
quer Bills, in which some heavy sales were made, causing
the premium to drop to ls., though the latest quotation
this afternoon was 3s. Consols were 90 with dividend,
for Money, and 891 to t- without it. Bank Stock was
at 1561. India Bonds rallied from 15 to 12 discount.
The New Three-and-a-Half per Cents. were at 978 ex
div. for the Opening.
Business in the Foreign Market was very restricted,
and prices were much the same. Spanish Active Bonds
realized 24f-, to 1, Portuguese Five per Cents. of 1837
were at 34, and the Three per Cents. at 228 and 218.
Colombian were dull at 25i, Buenos Ayres were marked
181, Brazilian 71 to 711, and Mexican Deferred 10 to
10:1-. Belgian Bonds were at 98, being a shade lower,
and Dutch Two•and-a-Half per Cents. at 511. The
Funds at Amsterdam on Tuesday afternoon were more
buoyant, the Two-and-a-Half per Cents. closing at
50 1-16th, and the Five per Cents. at 97.
The Share Market was rather brisk, and the previous
ratee were fully maintained. In some instances there
was a slight advance. Great Western brought 24 to
231, the New at 101 to 11, the Fifths 44 to 1, the
Birmingham 80, and the Liverpool and Manchester 85
premium. Brighton shares were Sr to 84 discount ;
Blackwall, 44, and South-Eastern 16 discount. London
Joint-Stock Bank Shares were 3 premium.