The Sun.
London, England, 1847-02-04 00:00:00

CHINA.

There have been no fresh disturbances at Canton ; but the
withdrawing .)f the stew mer Nemesis has caused some un-
easiness. This is the season when fires are most likely to
occur ; and whether irteidental or incendiary, it is most de-
sirable that, in the ev ant of such a calamity, a ship of war
be on the spot to afford protection, and a refuge for ladies
and children. There are seven ships of war—three of them
steam-vessels—idling in this harbour; there is not one; at
Canton.

THE BOMBAY MARKET.
(From the Chamber of Commerce Overland Price Current.)
Metals--A very limited amount of business has been done
in these during the pat fortnight. The only sales reported
iron nails at 12%
to us are-15 cwt. tile copper at 50 rs. per cwt. ; 100 kegs
hoops at 69 rs.
Cotton Manufactures—The rs• per cwt. ; and 400 bundles damaged
ruled lower during the
sales above alluded to., past
a fortnight than they did before,
generally in consequent• he prices for piece goods have
. eT h
es
continued
hdheemdaanhde,e
hacnedefth;fil
purchasers weakens the
bear the heavy sales •willxiicali;khet, and renders it ill able to
peculiarrwa r ri e
Al-
together the state and, prospectasvefheeh pressed upon it.
ol the markets for English
piece goods are very- unsatisfactory.
effected have been of- grew jaccoL "Y.
The
principal sales
45-
inch long-cloths, ,wi of,- a few
whinteet: and domestics, and hinings. The demand
for fancy goods of till kinds is particularly languid, and sales
cannot be made to any extent except at rates entailing heavy
loss. There is stilt some inquir
' i
White long-cloths have been s,;:ols:(13r good 45-inch grey cloth.
middling qualities of white Mad apollow, and the lower and
ams are unsaleable ex-
cept at a sacrifice.
Yarns—Mule and water are both pretty stationar if
anything rather under previous rates. y;
Woolieni—Not fling reported as doing.
Beer—A sale of Allsopp's, to the amount of GO lihds , a
rs. 65 per bad. has been effected. By this sate the stock oft
"Allsopp" is again reduced to a few casks, and no further
supplies, either of this or Bass and Company's, will be here
until the new make their appearance, which are not looked
for before the month of May, none having been shipped at
the date of the last accounts, and would not be for three
weeks afterwards, the brewing having been delayed owing
to the mildness of the weather at home.
Spirits—No chaDge in price quoted, and no sales reported.
SA:lron—A sale is reported to;ut, vi 130.!1,5. inkrior, at rs. 7,
bt.i,.:, cu,2 rupee less than our Lizt cp,dtion.
Cochineal—Nothing reported.

EASTERN PRODUCE.

Our Cato mstricei M been pry active, and the purchases

• and shipments are comparatively large. Prices may be quoted
considerably higher than last mail. The quantity of stocks
in the market is very inferior. Accounts of the new crop are
favourable both as to quality and quantity, and we under-
stand contracts for new have been. making in Surat at about
90 rupees per candy. Subjoined are the rates now current
for this staple :—Broach and Surat, rs. 86 to 87 per candy ;
Jumbooscer, 80 to 81; DeLera, 75 to 78 ; Oomrawuttee, 79
to 80; Barsee, 74 to 76; Compta, 75.
Wool—The arrivals have been large, but the quality being
very indifferent, and holders indisposed to give way in price,
little or nothing has been done.
Money Market The money market is tolerably easy,
and the value of public stocks mad Government securities
pretty stationary.
Five per Cent. loan of 1825-2 G
Four ditto ditto 1832-33
Four ditto ditto 1835-36
Five ditto ditto 1841-42
Four ditto ditto 1842-43
Exchange may now be quoted on London' at from 2-01,
with a tendency upwards, for good bills, at six months. On
Calcutta, 97* ; Madras, 98 ; and China 210—nominal.
Bank shares are as follows :
Bank of Bombay Rs. 39 to 40 per cent. premium.
Oriental Bank, old shares „ 25
Ditto ditto, new ditto ... „ 22
Agra Bank ... „ 54 to 55
Exclusive of the bonus divisible on 80th June, 1847, of
40 rs. per share.
Commercial Bank Rs. 5 to Nr—Last sale reported 10
prem., but since offered out at lower rates.

PRICE OF BULLION.
Sovereigns, each ... Rs. 11 3 0
Bank of England notes, per 5... 11 0 0

THE COUNTRY BANKERS.

'The Chancellor of the Exchequer .has issued the following
circular to the country bankers :

" CIRCULAR TO COUNTRY BANKERS.

" Downing;-street, Jan. 30, 1847.

" Gentlemen,—l have reason to believe that a practice
has been carried on to some extent, especially during the
last autumn, by certain country bankers, of issuing bills of
various descriptions at short dates, which have been circu-
lated chiefly in their immediate vtighbourhoods, in some
cases hardly distinguishable from bank-notes payable on de-
mand, passing from hand to hand in the same manner, and
treated not only by the public at large, but by the parties
issuing them, precisely as bank-notes, and which, therefore,
practically increase, pro tanto, the amount of paper of this
description in circulation in the counitry beyond the amount
sanctioned for each bank under the provisions of the Act 7
and 8 Victoria, c. 32, for regulating the issue of bank-notes.
"As such a practice is clearly in direct contravention of
the spirit, if not of the actual words, of this Act, I think it
necessary to call your attention to its provisions.
" Distinct notice was given at the time when that Act
was passed, that if any attempt was made to evade its enact-
ments, further legislation might be necessary for the purpose
of checking it. I must, therefore, apprise you that unless
the issues of the description to which I have referred are dis-
continued, I shall feel it incumbent, upon me to apply to
Parliament for power to put an end to an abuse, which, if
persisted in, cannot but tend to produce the evils which the
Act of 7 and 8 Victoria, c. 32, was intended to prevent.
I have reason, however, to believe that the evasion to
which I anomie has been carried on only by a few houses, and
I am unwilling, therefore, to apply a remedy which, being
necessarily general in its nature, may possibly press upon
those persons who have abstained from pursuing this objec-
tionable course. lam in hopes that. on the attention of the
whole body of bankers being called to the subject, the parties
who have adopted this practice will discontinue it, or that
the firms which have hitherto abstained from it will declare
their disapprobation of it, and their resolution to discounte-
nance it by every means in their power, and that measures
may be agreed upon amongst themselves which shall prevent
tue abuse for the future.

" It will be much more agreeable to me that this result
should be attained by the voluntary exertions of the parties
themselve., and I will not permit =pelf to believe that it
will be necessary to ask the sanction of Parliament to further
meio,ures for the purpose of carrying out eflectually the in-
tentions of the Act of the 7 and S Victoria, c. 32, the neces-
sity cf which has been admitted by large majorities of both
Houses of Parliament.
" I have the honour to be, gentlemen,
" Your obedient servant,
" CHARLES WOOD."