The Sun.
London, England, 1847-11-08 00:00:00

REVIEW OF MARKETS.

(From De Cordova's Mercantile Intelligencer, Oct. 9.
Since the 22d ult. our market has assumed a more
heavy and cheerless appearance than it had at that
period presented. The gloomy and uncertain aspect
of everything connected with agriculture, the light-
ness of supplies, and the continued stringency of the
money-market, have all gradually reduced our
business to purely retail transactions. how long
this state of things is likely to last it is impossible
to conjecture; but it is certain that no improve-
ment can occur while the' market in Great
Britain for British plantation produce remains
at the low ebb at which the accounts by the
last four or five packets have been representing it to
be. The large amount of money lying idle in the
heavy and almost unsaleable stock of produce here
and elsewhere, the consequent inability of factors and
others to draw on the strength of shipments, and other
causes, which are tending to limit the circulation of
money and restrict the operations of the planters, must
eventually directly and indirectly, operate to a great
extent against the mercantile interests. Perhaps it
is most fortunate for importers that the supply of
provisions on hand does not exceed the immediate de-
mand for consumption, for we do not suppose that aky
large wholesale operations could at this moment be
effected. In this supposition we are strengthened by
the fact that, while the market about the early part
of the past fortnight was almost bare of codfish, it
was found impossible to sell the whole of a cargo
which came in at that time, and which the holder
was at last compelled to parcel out in lots in order to
effect sales.

The following is the circulation of paper by the
three banks, for the quarter terminating the 30th of
September, 1847 :
Colonial Bank
Bank of Jamaica
Planters' Bank

Total £195,398

. ~;~

Flour—On the 29th nit. a vessel from Baltimore
came in with a parcel of 700 barrels, which, how-
ever, failed to command more than 40s. and 425. per
barrel, in lots, notwithstanding that they had arrived
to an exceedingly light market. This parcel would
undoubtedly have realised a better figure had it not
been generally anticipated that large receipts would
immediately occur, the article having fallen in the
United States. Holders were, therefore, willing
sellers, but the expected arrivals not having taken
place, a better feeling was manifested, and the next
parcel from Philadelphia, of 140 barrels, was readily
moved at 445. per barrel.
Cornmeal —The stock of this article has been con-
siderably reduced under the brisk demand for con-
sumption during the continuance of low rates. This
circumstance, together with the exceedingly light
receipts (the importations since our last having been
only 250 barrels), has created an advance of rates,
and small sales of New Orleans are now being made
at 15s. The market has decidedly an upward ten-
dency, and holders are firm for higher prices. We
have been told of a re-sale of 100 barrels 'of New
Orleans at 15s. 6d.

Rice—We have not any sales to report in this ar-
ticle. The market being very lightly supplied, only
retail transactions can occur.
Bread remains without change since our last. The
stock has been increased by an arrival of 694 barrels
from Philadelphia.
Butter—The small quantity of Irish on hand has
prevented any reduction of rates. 14d. per lb. was
paid for 50 firkins in two lots. American has been