The Sun.
London, England, 1848-01-24 00:00:00

T SUN, LON DON;'

for Sinelm-'ial. These quotations aro lower than
toose of our last report; but though prices have a
downward tendency, a decline has not taken place to
the extent of the tlifference, as an inferior quality is
now arriving. About 60 chops are in market. Of
old s'x have been sold at 121 to 15 taels, and 12
remain. Of Souchong 1,50 chests have been settled
at 22 to 23 taels for fair to good, and 16 to 18
taels for ordinary ; about 10,000 chests are in stock.
For Flowery Pekoes lower rates would be accepted,
nut there i, no demand. Of Scented Orange Pekoe
fully 1,500 halt chests have been settled at 21 to 23
taels fur fair to good, and 25 to 28 taels for fins ; and
scented caper, 10,000 boxes are reported at 16 to 22
taels. The market is now cleared of the finest
qualities, but ordinary and middling qualities can be
made to meet any demand. Of plain orange pekoe
3,000 half chests have been purchased at 12 to 15
taels, and only a small stock is left. Of plain caper
about 1,000 boxes of very inferior quality is left. Of
the first crop of Nina Yongs the market is cleared;
about 2,000 half chests of the second crop is in

stock.
Greens—An exceedingly brisk demand has existed
thronhout the month, and most of the chops were
settled immediately on arrival of the musters. The
desire to get the tea of the new crop early to the
American markets, caused much competition, and the
opening rates have been fully supported in all qualities
suitable for the United States. The same remarks
Apply to the fine Hyson and Gunpowder for Eng-
lund; indeed, for the latter sort, higher rates have
been paid than were paid for the like qualities shipped
later in the season.
The crop is of good quality, strong, and well-
flavoured, and many of the finer chops not so highly
coloured, but paler, and more like the natural hue
of the leaf. We quote—l oung Hyson, Taeping
country 24 to 26 taels ; Moyune country, cargo
quality, 29 to 31 taels, do. good cargo 32 to 34 taels,
do. superior to fine 36 to 44 taels, do. finest 46 to 65
taels ; 'Tyson fair to good, 32 to 42 taels, fine to finest
48 to 65 taels.; at which prices some considerable pur-
chases have been made. Imperial and gunpowder in
common and middling qualities no transactions of
consequence have taken place, the teamen not being
willing to accept the prices offered. Fine and finest
Hyson flavour have been taken freely at 50 to 53 to
62 to 65 for England. Hyson Skin has also been
taken freely for the United States. We quote—
Moyune country cargo at 15 to 17 taels, ditto good
18 to 20 taels, ditto superior 21 to 24 taels, fine to
tinest 26 to 30 taels; in Twankays no transactions,
and prices nominal at rates akove remunerating ones
to any buyer. The crop is very small. Fully 100,000
half. chests of all sorts have arrived, of which about
80,000 have been settled,
Exchanges—Baring's credits, 4 41. Oriental
Bank, 4 4f. Accepted Company's bills on Bengal,
216 to 21$ rs., and holders generally refuse to sell at
the latter rate.
Bullion—Mexican dollars, 1 per cent. pm. Gold
has fallen to 24 dolls. 30c. Sycee for duty, 3 per
cent. pm.
Freights—To London, 4/. 10s., and to the United
States, 16 to 1$ dolls. per ton of AO feet. Tonnage
plentiful.