The Sun.
London, England, 1846-06-20 00:00:00

EICHANGIO.

London 6 months' sight ...... 2s. 01/ d.
30 days' sight.... ls. 1154 d.
Calcutta at 60 days' sight
Madras at 30 days' sight ..... ....: No quotation.
PRICE OP BULLION, &C
' Sovereigns 1 11 rs. each.
Bank of England Notes
Spanish Dollars per 100 Nominal.
German Crowns per 100 „ 224 to 249
Sycee Silver per 100 tolas „ 104 to 104*
Gold Leaf per tola „ 16 to 17
BANK SHARES.'

----
------
Rs. 400 premium.
Bombay Bank ••••••
Oriental Bank Rs. 1,000 (500 paid up)
New Shares. .............. ........ —.... 1
Rs. 170 to 180
Old do
/
Agra Bank .................. (Rs. 500) ... Rs. 310 to 326
Bank of Madras .. .. .. . ........ . (" 1,000) ... Rs. 300
GOVERNMENT SECURITIES.
Transfer Loan ..... . .... —. ._. (nominal) Rs. 117 to 120
Five per Cent. Loan, 1825-26
~ 107 to 110
Four per Cent. Loan, 1832-33 ...
~ 99 to 100
Three per Cent. Loan, 1835-36
Five per• Cent. Loan, 1831-42 lO5
Four per-Cent. Loan, 1842-43 „
•• 96 to 97
...
- , , , MADRAS.
.(From the Madras Price. Current, May 8.)
• COURSE OF EXCHANGE.

Agents' Bills on' London • at .6 months' sight ls. Ili
at 3 ditto
Is. Ili
at 30 days' sight
H. M. Treasury 8i115......... at 30 days' sight ...
Bank oT England Post 8i115... at sight none.
Mauritius Government Bills I
Ceylon do. do. j
Court of Directors' Bills on the Government of Bengal 60
days' sight 14 to 1 per cent. dis.
Calcutta Buy par to 4to 1 per cent. dis.
t, • Sell par to 1 to 14 do.
. Bombay Buy 4to I „ prem .
lt Sell „ par „ do.
GOVERNMENT SECURITIES.

5 per Ct. Loan of 1825-26 } Par Ito 3i per ct. pm.
1829-30
1841
4 per Ct. ...... ... 1832-33
1835-36 . -6 to ?per cent. died.
Tanjore Bonds 8 do. do.
5 per Cent. Transferable Book Debt 13 to 14 per ct. pin.
Bank of Madras Shares 34 to 85 do.
Agra and U. S. Bank Shares of i
500 rs. Madras 250 to 260 rs. do.
Steam Shares 29 to 30 do.

PRICE OF BULLION.
Sovereigns-11-4 to 11-5 rupees each.
Bank of England notes-101/ rupees each.
Spanish dollars-35 rupees per 16 dollars.

CHINA.

HONG-HONG, APRIL 25.—The only event of any im-
portance that occurred here since I last wrote you has been
a meeting between Sir John Davis and Keying at the Bogue
on the 3d inst. The greatest secresy has been observed on
both sides, before, at, and subsequent to the conference, no-
thing having been announced on the subject, and all the
officials having been kept in ignorance that such a meeting
was to take place. .
The bankruptcy formerly mentioned of the principal native
broker at Shanghae has been followed by that of the only
other one who ever commanded any share of the misplaced
confidence alike of Chinese and foreigners. This last called
himself Kingwo since he became a man of importance, though
he was not long ago the servant of a British merchant here,
when he acquired a smattering of English, which was pro-
bably his chief recommendation with his employers. These
men, Alum, who has absconded, and Kingwo, were trusted un-
limitedly, and the extent of loss that will be sustained
through their failure has not yet been ascertained. As
about a sixth part of the silk from Shanghae, and a certain
proportion of the teas have been on native account, there is
here so much security against loss. It is said that it will
fall chiefly upon the Chinese traders, who may be induced in
future to return to the distant but more secure market of
Canton. Should this be so, the foreign merchant may be
left to deal with men of less capital and standing, and it may
require years to restore the sudden but short-lived prosperity
of Shanghae. This is the result of overstocking the market,
especially with rubbishing goods, and placing ourselves
at the mercy of middlemen of no character, instead of
transacting business directly with the native merchants
themselves. The difficulty of accomplishing this at first
would have been trifling compared with the disastrous
result of adopting the other and easier course.
English and American goods are now re-shipped in
large quantities from Shanghae. A large export of such
goods has recently been made to Siam, upon which
country Shanghae used formerly to be in some measure
dependent for its supplies. Stocks too upon which the
native capitalists have made advances to their countrymen
at exorbitant rates of interest are now forced upon the mar-
ket at any price they will fetch. 200,000
_pieces of shirting,
for example, have recently been offered at Nmgpo at 1 dollar
70c. instead of about 3 dollars, the price previously obtainable.
An unpleasant rumour about one of the receiving ships dis-
honouring an opium order, granted, I believe, to Kingwo for
double the value of teas and silk, is mentioned. Such orders
have hitherto been unquestioned, and were always received
with peculiar confidence; advances had been made upon the
one in question by a third party, but when presented to the
captain of the receiving vessel he returned it crossed with the
word " cancelled," and no redress could be obtained from his
employer, who, however, it is said, declares his readiness to
submit:his conduct to scrutiny ; and as he belongs to a house
of the first reputation it is probable he may be able to assign
good reasons for the proceeding.
At Canton trade partakes largely of the general flatness.
The prospects of the Shanghae market induces holders to
force sales, while a great scarcity of money prevails at both
places, sycee being quoted at 10 per cent. premium, and so
much as 15 per cant. having been paid at Shanghae to meet
duties. _ _ .

.............
The"export of tea has been unprecedentedly great this
year, induced in some measure by the vain hope of a reduc-
tion in the tea duty being included in Sir R. Peel's financial
arrangements. Such excessive imports are not, perhaps,
the most likely means of bringing about theftdesired end. Of
raw silk there has been exported to England, from Shang-
hae and Canton, since the Ist of July, 15,000 bales.