The Sun.
London, England, 1847-12-04 00:00:00

COMMERCIAL INTELLIGENCE.

THE BOMBAY MARKET FROM THE 14TH TO THE 30TH
OCTOBER.

There is not much change to notice in cur raarkets
since the date of our last mid-monthly report. Fur the
staple articles of import g,nerally, a fair demand con
tinues, and in exports there has been a little more acti-
vity than we last advised.
Cotton Piece Goods—For these we have had a steady
market, and the business transacted during the fort-
night is about equal in extent to that of the preceding
one, without any marked alteration in prices (except in
one or two descriptions hereafter notice,i) which are,
however, rendered at present more favourable by the
greatly improved rate of exchange for remitting. The
languor which appeared to follow the inquiry for grey
skirtings and jaconets, as noticed in our last, was of
short continuance, the demand having fully revived,
and the previous value of these goods has been well
maintained, with some advance upon low to middling
quality of 40 inch shirting. 45 inch width of this cloth
continues dull. In other grey goods, the demand is
chiefly for coarse and heavy domestics of 40 inch; for
low and middling qualities madapollams (particularly
the low, which is scarce, and has advanced one and
two antics per piece in price), and for lu rr quality lung
cloth, for dyeing. Fine stout domestic is still little
sought after, and grey drills and twills are quite
neglected.
Cotton Yarn—The market has continued very steady
for grey, and a large amount of business has been
transacted at prices similar to those of the preceding
fortnight, but 75 bales of No. 40 mule, of well known
good quality, have realised something above our
quotations.
Dried Yarn—Turkey red continues extremely de-
pressed. We have heard of a sale of ton bales of 4001bs.
each, and in bundles of llilbs. Nos. 30, 40, 50, at rs.
1: 6 : 6 per lb.
Woollens—We have no change, nor any transaction
to notice under this head.

Cochineal—On the day of the departure of the last
mail we were informed of a sale of 6,5001b5. of black at
rs. per lb., since which no transactions that we are
aware of have transpired. For silver there is a good
demand, and rs. 44 at 4: annas per lb. are obtainable.
There have been some recent arrivals of the article, the
greater part of which is required for the fulfilment in
previous contract-.
EXPORTS.—Cotton Wool—The market remained
quiet several days after the departure of the last mail,
but prices having given way, activity returned, and some
large purchases have been made for the English market.
Compta. has been down to ra. ii 94, and to rs. 88 for
inferior, but further arrivals having been retarded by a
fall of rain in the interior, the price of this description of
cotton is again slightly returning.
FREIGHTS.—We have recently been abundantly sup-
plied with tonnage, and the rates of freight to Great
Britain have experienced a material decline in conse-
quence. For Liverpool engagements have been made at
51. 15s. and 5L 17s. 6d. per ton, the former rates for an
entire large vessel, and the latter for a small vessel. For
London, 6/. to 61. 2s. 6d. have been given. The rates of
the day are quoted 5/. 15s. and 61. for Liverpool, 61. and
Cl. 2s. 6d. for London. For China we quote 19 rs. per
candy, at which rats a country vessel has been put on
the berth.

EXCHANGES.—The rapidity with which the rate upon
London has risen within a few days has baffled the cal-
culations of both drawers and remitters, having been
produced by the same cause that effected as rapid a de
cline some time back, and which was noticed by us at
the time. From is 101., which was the rate for first-
class paper on the 22d inst., it has increased to Is. 111c1.,
being a rise of ld. per rupee, or about four and two-
fifths per cent.; and so u❑locked for was the rate, which
must b 3 considered as the closing one of the duy for
Bank and first-class China bills six months' sight, that
after the arrival of the mail from China cn the 2Gth
instant, considerable purchases of paper were made at
Is. 11 1-3 d. to Is.
Some local bills are offering to thy at Is. 11d.
On Calcutta, the rate is 991 to 99:1 rs. per cent., sixty
days' sight.
Oa Madras, par.
_ _

On China, 212 ra. per 100 doll., sixty days.
The MONEY MARICZT.—The Money Market continues
very easy, but we expect to see it tighten somewhat at
the end of the year, when the shipments of new opium
take place.

CALCUTTA MARKETS.
(From the Overland Englishman, Oct. 19.)
The Bombay Express, with London news to the 7th
ult., arrived at noon on the 17th instant. The commer-
cial intelligence received by this opportunity does nut
show ar.y marked improvement as regards general credit
in the money market, although more facilities were af-
forded by discount houses, and the Bank had reduced
its rate of interest for loans on stock and Exchequer-
bills to .5 per cent. Further considerable failures had
occurred, chiefly amongst houses connected with the
grain trade, to the extent of about 3,000,0001. sterling.
Great inactivity continued i❑ the produce market,
which may be attributed to the state of credit and want
of capital, as most of the large articles exhibit a ma-
terial increase as regards consumption, for the seven
montha ending August 5, as compared with the same
period in 1846.

Business closed in this city on the 13th inst , for the
holidays; and, during the three working days which in-
tervened since th© date of our last report, but few
transactions worthy of notice took place, operations
having been chiefly confined to the shipment of goods
previously purchased. The export market closed with-
out any alteration in prices, former rates having been
maintained, particularly those for sugar and saltpetre,
which continued favourite articles for shipment.
The import market closed firmly for most desciptions
of cotton piece goods, metals, end mule twist, although
the demand for the latter was dull.

Nothing has been done in the money market denoting
a change, and Government securities have continued at
our quotations. Bank cf Bengal profits during the past
three months, are equal to Co.'s r:F. 11 2 113- per cent.
per annum on capital stock.
Exchange had advauckA about id. owing to the want
of demand, caused, we imagine, by parties having in a
great measure completed their remittances by the last
Eaisst
mail. We quote 10 months' date, is. 11:101. to 13.111 d.;
six months' sight, is. llid. to is. Hp, but we have
heard of soma bills drawn against sugar and rice with
documents at 2s. Oid. The amount of bills drawn by
tli
lll23l,i634Col.ompNaonya°ltner theatio Bengalalteration
a
eye thisin
mail
lil taken the rates of freight, which continued at our former
quotations.
Indigo—We have nothing to add to what we stated
i our ast report regarding this important •
article, ox•