The Sun.
London, England, 1848-04-22 00:00:00

REPORT ON THE STATE OF THE BONI.

BAY -+FROM 111 E 2D TO THE 14TH MARCH INCLUSIVE.
Tuesday Afternoon, Five o'clock, March 11, 1848.
During the greater part of the past fortnight the
tightness in the Money Market, mentioned in our last
report, and the distrust consequent thereon, continued
to prevail, and the transactions in most kinds of imports
were on a most limited scale. Since the commence_
ment ICIARKETS,
ment of this week, however, we are happy to be able
to state that a better tone has prevailed, and a
pretty general feeling seems to exist that we have
got over the worst, and may now confidently look
forward to a revival in business so soon as the native
holidays which will commence in two or three days, and
continue for about a week, are brought to a close. The
encouraging accounts from England by the last mail,
showing that panic had totally subsided there and, giving
shipmentOii the
promise of a safe and gradual return to a sound and
healthy state of commerce, had some effect in imparting
d
the comparitive buoyancy now felt in our market; but the
feeling had its rise more immediately in the conviction that
of most kinds of staple goods stocks were very bare, while
the supplies that had gone forward to the interior were
on a much smaller scale than
blyan. d
nativesbeenca l
u Calcutta,
thae,
for case in
w e pasta r e
seasons; and that, consequently, dealers must employ
themselves before the setting of the monsoon.
other hand, the accounts of the cotton market in
being of a nature to encourage shippers, a slight im-
provement on the previously declining market for that
article appears to have manifested itself, and further
uptnirdcehraGseosvehrbavmeenbteeandvamneaedse.
glad to perceive that a considerably better feeling pre-
vailed at the date of our last advices in the market for
imports.
r,_transac ' for L
COTTON PIECE ,A 001) • tions the past
fortnight, though limited, are not more so than those of
then stated to pre-
garoroidvsa'lassuienhceasthMe addaete-
vail for some qualities of
while thel inquiry
40-inch
how e greyhfee w
_ ..shirtings, still con-
tinues, and all are searcel;irl' bl
n eached goods, too, a
fair inquiry exists for s ting and jacconets of low
• and an advance on previous rates for
quality,
the
to four annasper • former, of from two piece, has been
established.
pthoellapmresv,i(j'aucscoonnee'ts, and -i h
to
FREIGHTS.—Owing
of our last report, added to the
desire manifested by
native holders to ship cotton under the Government ad-
vance, freights for Liverpool gradually rose from 4/. 55. to
4/. 12s. 6d., at which rate engagements were entered into
'' us to the arrival of the last mail.
prow The favourabl
received of the Cotton Market in
41England
London we quote •155.; e
accounts
caused a further impetus, and 5/. has been paid and China Rs. 1 .F or
which rate engagements have. been 9 per candy, at
made.
EXCHANGES.—owing to .
paper the scarcity of
advance has taken place,
1
d Bank money an
at six months'
sight has been negotiate s. 100. to Is. 10id ; while
for private bills with shippingconsidered
documents, Is. .11d. to
is. I lid. may be . the rate. On Calcutta,
Bank 01 Bengal Post BILIS h!t e
Bank
egotiated at par •
our quotation for 30 day'sight Paper is its. 99 l'
On China, for 60 days' sight Rs. 206 per 10
MONEY MARKET.—Banki
Stocks continue 1
0 dollars.
ow, and a further decline has taken p ace in some instances, as will
be seen from has
t Government Securities
,on the other hand, have advanced somewhat, their h induced the Shroffs to c eap-
ness having
to fur the purpose of remitting Calcutta.
buy
to some extent

March 7.)
tohfan it has been for
CALCUTTA.
Craatlhceurttafultarr
some time past, though not much more interesting in
the complexion. of
.intelligence it contains. The Bom-
bay
express arrived in town on Sunday, the sth, at ten A.M. The improved commercial. prospects, slight as the
amelioration has been,. will
.exert corresponding in-
fluence here, but the intervention of holidays prevents
Our
es
the degree being observed before the maxi quits. To
afford the mercantile community the benefit derivable