The Sun.
London, England, 1848-05-01 00:00:00

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large amount of China bills was received by the
last steamer, and rates have become still more favour.
able for remitting. Bank bills at six months' sight hare
been
ons4hde
banksat Is.
heretlid operated la
. tols.ll 1-d.rglyin th
;aend at thee paper
latter rate
rat
one of
its branch establishments in China:—Russell's upon
Barings at six months' sight have been negotiated at
high as Is. 110.; bttf-setes have again receded. During
the early part of to-day bank bills were negotiated at Is.
I lid.; and Russell's drafts upon Baring* at Is. 110.
A turther decline took place this afternoon, and busi-
ness has been done in bank bills at Is. 11d., and in Rus-
sell's drafts at Is. Hid.; which prices we accordingly
quote, though we do not think they will be maintained'
and look for further decline.

848,

[PRIcE SD.

and immediately assumed his appointment. The
Prime Minister of Gwalior, Ram Rao Phalkea, has
paid the debt of nature, and been succeeded by
Sams Saheb, the young Maharaja's uncle. The
presence of her Highness ',the Balza Bhaee—who bad
lately reached Gwalior from Nassick for the purpose
of effecting a marriage betwixt her daughter and the
3ot:fitful Maharaja—at Gwalior not being considered
very advisable, she was quietly informed that she
had better leave, with which gentle hint she accord-
ingly had the good sense to comply. Sinde continues
tranquil. Several places were more or less suffering
from small-pox. Mr. Pringle returned to Kurrachee
on the 21st ult., his trip having proved anything
but pleasant, from the heat of the weather, which
was becoming very great. Meer Alt Moorad was
out on a shooting excursion, having taken with
him Captain Hicks and Lieutenant Walker from
Sukkur. Lieutenant Christopher, 1.N., in command
of the steamer Conqueror, had returned to Sukkur on
the 17th ultimo. He had not been able to proceed
further up the Caubul river than within thirty miles
of Peshawur.
All was quiet and prosperous throughout the Pun-
jaub and its conterminous states. Sir F. Currie had
assumed charge of the residency from Mr. John
(Frotmo
btheeliCual
Law-
rence on the 6th ultimo ; General Whish having
reached Lahore on the 91, and immediately taken
Europe
we have not seenlecut
command of the force the arrival of her Majesty's
sufficient proof o
53d on the 26th of February completed the relief of
the troops.
as
nt
wellna tai vs ean housesane!nn
usual free with names, The Bombay Express, with the lit of February
mltail from London, reached town on Sunday morning.
commercial
withe_l, whichandthebusiness
eagerly looked for, as bringing the earliest
of news of our Indian disasters. There
the
fidtyto
hulSiabstsa.ttr i
onoßff
utohmuero
mercantile2ufOrat:hl
uorfes 1 l;
however,aarnc March.)
thes) a s
..... intelligence following the receipt in
seems
circles that
ancient Armenian
are in serious difficulties,
extreme caution
is 8 •
statementsis that transacted
great respectability, has
rrnbenian house in this city, of
payment, are not calculatedeen compelled to suspend
impart activity to m p or.
ales. to re-assure the public or
press before the bulk of
thAs this paper will go to
impossible for us to state what mails can arrive, it is
effect of the intelligence receivneday be the immediate
favourable report of the home tharkJudging by the
Indian staples, we should imagine matters
, in regard to
to take a happier turn. The SUEpensiotners are likely
respected house, that of Messrs. ilaworthoflhighly
Hardman,
and Co., consequent upon the failure of its co:re
dents ut Liverpool and Newcastle, was notified shortly
after the last January mail arrived in town, and w"„,
hope, though not too sanguine, that this misfortune"
may be the last important one in our catalogue. In;
another column will be seen the proceedings at a'
meeting of creditors of that firm, and the resolutions:
—so honourable to the character of its partners—
unanimously carriel.
The executive committee of the Union Bank has
found it difficult to get shareholders to pay up their
calls and loans, and has in consequence been corn-
pelled to procure the aid of amicable creditors to
obtain formal judgments in the Supreme Court,
the threatened execution of which, it is expected,
will produce more alacrity among the wealthier
proprietors. The post bill question was to have come
off on Friday, but the absence of a material witness
necessitated a postponement to the present week.
Extreme interest and anxiety is concentrated upon
the result. Another point, the liability of a co-assig-
nee for deeds done in their official capacity by
his colleagues, although he took no part in their
proceedings, has been settled by the Supreme Court.
The estate was that of Palmer and Co. The as-
signee, in whose hands the management lay, trans-
ferred 20,000/. of the assets in cash from the Union
Bank to his own house (the late firm of Cockerell),
NI here it was lost. Baboo Auahotosh Deb, the
slumbering co-assignee, is, by the decision we refer
to, and quote in another column, made responsible to
the estate for the whole amount, principal and
interest.

MONEY MARKET.
There is still a scarcity of the circulating medium,
but an easier feeling prevails, and confidence is again
somewhat restored. It will be observed that the bank
has reduced its rate of discount one par cent. Bank
stocks, too, as will be seen from our quotations, have im-
proved a little in value.

COURT CIRCULAR.
The Queen and Prince Albert, and the Ladies and
Gentlemen of the Court, attended Divine service yester-
day morning in Whippingham Church.
Her Majesty and her Royal Consort walked yesterday
in the pleasure grounds of Osborne, and the Royal
Children took their usual airings.

Sir Robert and Lady Peel had the honour of receiving
an invitation from her Majesty, and arrived at Osborne
on Thursday to dinner, and remained until Saturday
morning, when the Right Hon. Baronet and his Lady
took their departure.

The Marchioness of Grmonde had the honour of dining
with the Queen on Friday at Osborne.

Her Majesty the Queen Dowager attended Divine
service yesterday in the Chapel Royal, St. James's. The
lessons were read by the Rev. Dr. Knapp, and the com-
munion service by the Bishop of London. The sermon
was preached by the Rev. E. Nepeau. The anthem
" Blessed be Thou" (Kent), was sung:by Messrs. Machin
Barnby, and Lockey. Sir George Smart presided at the
organ. The Bishop of Norwich, Clerk of the Closet,
was in Waiting. The Duke of Wellington attended the
early service yesterday, The prayers were read by the
Rev. Dr. Wesley, and the sermon was preached by the
Rev. E. Nepeau.
Her Royal Highness the Duchess of Kent, attended by
Lady Augusta Bruce, arrived in town on Saturday
morning, from her residence, Frogmore House, Windsor,
and visited her Majesty the Queen Dowager at Marlbo-
rough House. Her Royal Highness left Clarence House,
St. James's, in the afternoon, on her return to Frogmora
House.
Their Royal Highnesses the Duke of Cambridge and
the Prince of Prussia visited her Majesty the Quee'a
Dowager en Saturday.
Her Royal Highness the Duchess of Cambridga at-
tended Divine service yesterday morning, in St. Michael's
Duchess Ida of Saxe Weimar, honoured the performance
theirChurch.Th epwipresence.
The ea
sslSerene Highnesses the Duke Bernard and the
Honourable Privy Council held a meeting on Saturday,
G.
Grey,C Committee msiattttthueeeran(ddioaan.}an.
n:aeintth e Education
n of her Majesty's most
Kuwe.hri,
ari
shob
now:acsahraertriteye,endod
yd
Saturday,e bsytert hde Lord
.at President,
the
office h 0
fthe Lord John
E_ Russell,
.xsei
br,
eT q
Thomas
eot
rhm: a Earl
asn
Dd
igsboi
yrf
Aubrey
ueu
boc
rrk
yae.nvlihideGnea,fwrtdte hya en.
interviewmr.Kay Chancellor w ot
hf tshi
Shuttle-
worther
e
n
Lieutenant-General Sir Edwardom eI:effi
hcrreit's.oen a
of
Ll‘Tfirera:dlltGeeln.ialrquis. of Lansdowne Right
nd I 1
Lady
Boardo Hon.
Greatwl Stanhope-street,
from Brighton.
The
Richmond. town on Saturday, for

r

COMMERCIAL INTELLIGENCE.
BOMBAY MARKETS,
FROM THE 15TH TO THE 31ST MARCH INCLUSIVE.
Friday Afternoon, Five o'clock, March 31, 1848.—1 n
our report by the last mail we expressed an opinion
that at the conclusion of the ndtive,holidays, then about
to commence, a revival in business-knight be looked for ;
and we aro now happy to be able to state that our anti-
cipations in this respect have been fully realised. During
the last ten days there has been considerable activity in
our market, and large transactions have been entered
into. Nor do we consider the revival we have experi-
enced as merely temporary; but look forward to a con-
tinuance of business to a fair extent till the season be
closed by.the setting in of the south-west monsoon.
COTTON PIECE GOODS.—Our dealers have been
supplying themselves pretty freely for the past
few days, and large quantities of various fabrics
have been moved off. The descriptions of goods
most in demand continue to be Maddapollams of
low quality, both grey and bleached, of 31 to 33i
inch widths, and some sales of recent arrivals have
been effected at improving prices. For grey and bleached
jacconets, of low quality, a good inquiry exists, while
stocks of both these and Maddapollams are extremely
light. Grey shirting, of 52 and 60 reed, 40 and 45 inch
idth, are in good request, the former kind being ex-
tremely scarce; finer qualities remain in limited inquiry.
For bleached shirting there was a fair inquiry imme-
diately after the conclusion of the holidays, and some
large sales were made. During the last two or three
days, however, the demand for them has slackened, and
they are now rather languid. Grey domestics have
shared but little in the attention bestowed upon other
fabrics, and the finer makes especially continue dull of
sale. For grey long cloths there is at present a fair
demand for qualities suitable• for dying purposes, and
stocks are very light. Dyed and fancy goods. Our
market for Turkey red plain cloth eontinues unchanged,
and the sales effected have been at previous low rates.
Turkey red twilled cloth and Turkey red prints are
still without any improvement to notice, but stocks
of both, as well as of plain cloths, are now much re-
duced.
Cotton Yarn—All counts, except No. 20, continue
'dull, and the sales made show afurther decline in prices.
Stocks aro still very large, and we do not look for any
improvement for some time. The following are the
transactions that have come to our knowledge during the
past fortnight :-
170 bales, 300 lbs. each, mule twist, No. 40, at:7 sans. per lb.
36 „ 200 ditto ditto 30 61 ditto
18 „ 200 ditto ditto 40 7 ditto
Dyed Yarns—Orange continues very scarce and in
good request. We quote present prices at 13 to 13i
annas per lb. Turkey red continues dull of sale, at
prices ranging from Rs. 1 to Rs. 1 per lb.
Cochineal—There have been large arrivals since the
date of our last, but all had been previously disposed of
to arrive. We quote the price of the day nominally at
Rs. 4. Large quantities are, however, shortly looked
for, and a decline iu the price quoted may be anticipated.
Metals—British bar iron remains about the same, but
the demand is not so active, and prices have yielded a
little in favour of buyers. In Swedish bar we have no
change to notice; the same remark applies to other
kinds. Lead has undergone no change, and speller has
declined in price in consequence of recent:large arrivals.
Copper of all kinds continues scarce and in good de-
mand, as will be seen from our quotations, a further
improvement in prices has taken place.
Exports.— Cotton Wool—The recent advices from
England and China having been of a more favourable
nature of this staple, considerable activity has prevailed
in our market during the last ten days, and large pur-
chases have been made for both countries, especially the
former—at advanced rates ; and the mail received yes-
terday from England having advised of further advance
there,
we expect we shall witness still higher prices.
The following are reported to us as the transactions that
have taken place since the date of our last :-
400 candies old Compton cotton Rs. 64 8 per candy.
200 „ new Oomrawutty „ 76 8 ditto
350 „ ditto ... ••• 77 0 ditto
100 bales old Dollerah „ 63 0 ditto
100 „ new ditto ••• ••• 82 0 ditto
1200 „ do. ditto ••• • • „ 78 4
ditto
100 „ do. Broach 87 8 ditto
500 „ do. ditto ... 87 0 ditto
1800 f, (12. ditto ... 88 8 ditto
ditto
75 candle! Proebunder 71 4 ditto
50 „ Barsee •••
" 69 0
100 o ditto
55 „ American cotton •••
quantitiesinferior and mixed, while
lately, but as the quantity
Sheep's Wool.—Large
is
high, there has been no dispo-
"have been received
freights are also running
nt of the importers.
shipped have been on ac.
from China were of a favour-
ableiagnd the small parcels lately
sition shown to purcbscsoeui,'
d since their receipt holders
drug, an
nature for this
and 975 rs. per chest
ble,firmness,
is
have shown considerable Opium—The last advices
now asked. Stocks continue small. The fifth sale of
opium at Calcutta
is the took place on the 22d instant, and
the following result :
Sold. Lowest price.
Highest price. Average
Patna, 1,830 chests 735 rs. 795 rs. 782 12 2 rs.
nenares, 780 745 755 751 11 10i
The sixth sale will take place on the 17th proximo.
PREIGICTS.
Soon after the departure of the last mail several ves-
sels arrived, and freights declined somewhat, two vessels
having been taken up for Liverpool at 41. 15s. and
41. 17s. 6d., and a vessel for China at l7i rs. per candy,
but they rallied again, and 5/. was obtained for going
sh pto Liverpool. A further advance has taken place
to clay in consequence of the favourable accounts for
cotton received yesterday from England, and we hear of
tw 1113ssels being taken for Liverpool at 51. is. 6d. The
rs «tor China has also advanced again, and we under-
s.4 nd a vessel has secured a cargo at 18k rs. per candy.
S 1 e are inclined to.think we shall see present, or higher,