The Sun.
London, England, 1848-09-25 00:00:00

EXPORTS.

Tea—The season for 1847-48 closed on the 30th ult.,
the total export showing a deficiency of 5,700,0001 b. on
that of last year, and 10,000,0001 b. on that of the year
previous; and if we deduct the cargoes of the Romeo and
Siam, with other casualties, a further deficiei%y of
1,500,0001 b. will be apparent. No further cargoes have
been dispatched since the close of the past season.
The new congou market opened on the 7th, 216 taels on
board ; since which from 70 to 80 chops have found
buyers at 22 to 26111 taels, at least two thirds of which
are second class teas, for which comparatively extrava-
gant prices have been given. The settlements have
ceased, but exceed in amount what we had beent ed to
expect, and five ships will probably be dispatched in the
course of the present month, and the same number may
be expected to sail during the month following ; these
will take 5,000,000 to 6,000,000 against ,000,000 up to
to the end of August last year. This continued defi-
ciency in export cannot fail, we think, to afford material
relief to the home market.
The state of commercial affairs both here and in Eu-
rope confirms the general opinion that excessive ship-
ments need not be apprehended for the coming year.

The crop of new congou is decidedly inferior in quality
to those of previous seasons, and the number of really
fine chops less by nearly one half than is usually the case,
while the total supply of monings of all grades is ex-
pected to be very deficient. About 40 chops of new tea
only remain on the market, and they have latterly been
coming in verLOstwiy.
Scented teas have round purchasers to a litnited eF-
ten t at fair prices for fine descriptions of the new crop.
Old season's teas are neglected.
Some purchases have been made of Canton gunpow-
ders and imperials ; and the better qualities have some-
n hat advanced in price.
Twankays, hysons, and young hysons, and indeed all
other kinds, are neglected.
Congou.-8 to 10 chops of old teas Lave been taken
at 11 to 14 taels, principally for flooring ships. Of the
new crop, 120 chops har arrived, 75 to 80 of which
have found buyers at 26 to 26i taels for Ist class ; 22 to
25 for 2d class. No Ist class now remain.
Souchong.—A few musters of new crop are down; the
quality interior. Nothing doing.
Oolong and Plain Orange Pekoes.—None of the old
crop left. About 1,000 packages new Oolong and 500
to GOO new orange Pekoe are on the market. No trans-
actions. _ _ _

Scented Orange Pekoe.—A few chops of new tea►
have been taken at 20 to 25 for good to fine, 35 to 40
toy superfine.
Scented Caper.—About 2,000 boxes of new seasons
have been settled at 19 to 22 for good to fine descrip-
tions.
Flowery Pekoe—But little doing; one or two parcels
of the new crop reported to have been sold at 66 taels.
Twankay, byson, and young hyson may be quoted at
the same rate as last month. We have not heard of any
transactions in these descriptions; few remain, and these
very common in quality.
Imperial and Gunpowder—Several purchases of fair
common, and the better descriptions of Cantons have been
taken at 17 to 28; an advance of 2 taels is quoted on the
finer descriptions of Cantons.
Prices of all other descriptions remain about the same
as last advised.

MANILLA.
(From the New Weekly General Price Current, July 1.)
REMARKS ON THE MARKET.
IMPORTS.
Cutton Goods—We have no change to notice in piece
goods. The market continues very dull, and no improve-
ment can be expected till the end of November. Three
causes, in our opinion, have kept the market so languid
during the last six months--first, the large stocks on
hand; second, the want of exportation of sugar; and
third, the want of exportation of rice. The shopkeepers
dare not purchase but small quantities, and they offer
low prices for all descriptions of coloured goods.