The Sun.
London, England, 1846-06-03 00:00:00

THE BOMBAY MARKET.

(From the Chamber of Commerce Overland Price Curoent.)
BOMBAY, MAY 1.
A moderate extent of business has been transacted during
the past fortnight, but owing to the continued and increas-
ing scarcity of money, and the anxiety of holders in conse-
quence of recent heavy arrivals, to realise their stocks, it has
been aaended in many instances with a considerable decline
in prices. The operations of dealers from Persia, Arabia,
&c., may now be looked upon as closed for the season, and
until the end of the monsoon no further demand seems likely
to arise, save for the supply of local necessities.
Metals—The prices of copper, with the exception of nails,
which have risen in value, have sustained a general slight
reduction, and but few transactions appear to have taken
place during the fortnight. The only sale we have to report
is one cfBoo cwt. of Brazier's, at 54 rs. per cwt.
In iron, Swedish bar is scarce, and in request, and would
sell readily at cur quotations, but British continues without
demand, and has given way in price Ir. to lir. per candy.
We retain our former quotations for nail rod, but there is
little or none at market, though some inquiry exists for
square. Sheet and hoop exhibit no material change in
value, but both are dull of sale, notwithstanding the light-
ness of present stock. An improvement took place some
days since in the price of steel in tubs, but the article has
again declined in value owing to a large addition to the stock
at market, and last month's rate may be repeated for it.
There is no demand for lead, and we quote pig nominally at
a rupee per cwt. lower than before. In speller and tin
plates there is no alteration to notice, though we are in-
formed of a sale of 250 boxes of the latter at 15i rs. per box.
Quicksilver has risen in value 2 rs. per maund.
Cotton manufactures—Transactions have taken place in
gray and bleached shirtings, and madapollams, but with the
exception of those in the finer qualities, the sales have been
chiefly forced ones, and on a reduced scale as to price. Gray
domestics of stout fabric have been in request for the Persian
and Arabian markets, but the demand from these sources
having latterly subsided, sales are now more difficult to be
made. Jaconets, both gray and bleached, have been inquired
for, but the prices offered have been so miserably low as to
preclude operations to any extent. There have been some
low sales of mulls and lappets, and all descriptions of mus-
lins, cambrics, and fancy goods continue more or less de-
pressed. Prints and Turkey red goods are alike without
inquiry, and only saleable at unremunerating rates.
Cotton Yarns—A general reduction has taken place in the
prices of both mule and water, and the transactions of the
past fortnight have been to a very limited extent. The
demand continues to be confined to yarns of superior quality,
and of the particular numbers which happen to be in request
in the interior.

In dyed yarns we hear of no transactions.
Woollens—These still continue altogether neglected, and
no demand for them seems likely to arise until after the
monsoon.
Marine Stores—Swedish and coal tar have both risen in
value; the former 7 rupees, and' the latter 2 rupees per
barrel. Paints are neglected, and have given way in price;
canvass and cordage are dull of sale. We hear of a sale of
300 barrels of coal pitch, at 3 rupees per barrel, the rate
quoted in our last.

Beer—There has as yet been no arrival of the new brew,
with the exception of a parcel of "Pennant's, which is said to
have been sold at 30 rupees per hogshead; and consequently
we have no transactions to report or change to notice in price
or demand.

spirits—These are unsaleable, save at very low prices, and
no business whatever is doing in them. The stocks of all
descriptions are very heavy.
Red Lead remains without change. White has improved
considerably in price, and we now quote it at 12 rupees to
14 rupees per cwt.
Cochineal—We repeat our former quotation for this article,
but the market is at present bare of it, and no sales appear
to have taken place.
Saffron—We are informed of sales, 40 lb. at 14 rupees,
and the same quantity at 164 rupees per lb. The latter may
be considered the maximum rate now obtainable for saffron
of good quality.
Bottles—Quarts may be quoted somewhat higher, and
pints a shade lower than before.

EASTERN PRODUCE.
Cotton—The market for this staple has exhibited no ani-
mation, and the business done has been exceedingly limited;
stocks are in consequence rapidly accumulating, but the only
reduction in price which has taken place has been in Dolle-
rah, and that has been more owing to inferiority of quality
than to any other cause.
Opium has declined in price, and may now be quoted at
1,225 rupees to 1,230 rupees per chest for fair qualities.
Silk—There has been a slight rise in Persian and Bengal,
and Nos. 2,3, and 4 Canton ; other varieties are unaltered
in value.

In other articles the only material changes we have to
notice are an advance of 4 rupees per candy in the price of
Concanee hemp, and 20 rupees per candy in that of ginger;
and a reduction of 5 rupees per =and on the last quoted
rate for long Cardamoms.
Freights —Freights to Great Britain has declined since our
last, and row may be quoted at 31.75. 6d. 0 31. 10s. to Lon-
don, and 31. 7s. 6d. to Liverpool. To China the rate has re-
ceded to 16 rupees per candy._ _

MONEY-MARKET.
The continued tightness in the money-market has still
further affected the value of Government securities, as may
be observed from the decline in the prices of paper of the
three latest loans :

5 per cent. loan of 1825-26 Rs. 107 to 100
4 If 1832 33 „ 99 to 100
4 f) 1835-36 „ 94
5 If 1841-42 „ 1041,4
4 tt 1842-43 „ 95
EXCHANGE.
The supply of bills continues in excess of demand, and the
rate of exchange on England has consequently still further
advanced. It may now be quoted at 2s. 01,/ d. to 2s. 034 d.
per rupee, at six months, and 2s. at 30 days. On Calcutta,
at 30 days, the rate is 973/4 rs. to 98 rs.