The Sun.
London, England, 1848-10-27 00:00:00

PRICE OF BULLION.

Sovereigns each 11r. 6a. to 11r. 3a.
Bank of England notes per £ ... 11r. 4a.
DISCOUNTS, EXCHANGES, &C.
Bank of Bombay.

)" On Government Bills ... ... 5 per cent.
Discount On Private Bills at or within
three months ... ... ... 7 do.
On Fixed Loans on Government
INotes ... ... ... ... 5 do.
{ Interest On Cash Credit Accounts on
Government Notes .... ... 6 do.
LOn Loans on deposit of Goods,&c. 7 do.
The rate of advance on deposit of 5 per cent. Govern-
ment Notes is 90 per cent.; on 4 per cent. Government
Notes 70 per cent.; and on goods, three-fourths the
approved value.
ORIENTAL BANE.
RATES OF EXCHANGE. _

Drafts on London at 6 months' sight above 501. 1 9
Do. at 3 months' sight " 20 1 8
Do. at 1 month's sight " " 1 8
Do. at 1 day's sight " 5 1 8
Circular notes payable throughout Europe
and drafts on Scotland and Ireland at
one day's sight ... ... ... ... " 181

FRIDAY EVENING, OCTOBER 27, 1848.

comfort of the English labourer, who must have cheap
sugar, at least so we understand it, for we cannot sup-
pose that a nation like the English could have been
swayed by the consideration of commerce with the slave
trading countries, at the expense of her colonies, and in
opposition to the interests of humanity. Now, the ad-
mission of colonial sugar into the home markets duty
free will be of material advantage to the English labourer,
and will do no harm to any interest except the revenue;
and England must make up the deficiency which this
must cause from some other source, if she wishes to pre-
vent an abandonment of these islands; and for this simple
reason—if we do not export, we cannot pay either for
our clothing and other necessaries, or for the mainte-
nance of our institutions. We are already in an awful
state of poverty, and unless something be done, and that
speedily, for the benefit of the colony, the result will be
that every one who can leave the British colonies to seek
a home in the land of the stranger will do so. Heaven
help those who cannot! If, on the other hand, our sugar
be admitted duty free, there will still be a glimmering of
hope for us. We may then be permitted, post tenebras
&cern sperare, to look forward to the blessing of a calm
after a storm under which we are now being wrecked
shall have passed away.
The business of the past fortnight has been marked
by increasing dulness. It is found impossible to effect
anything like large sales of any article, and a cloud
seems to hang over any attempt at business. If some-
thing be not speedily done for the colonies it is im-
possible to say what will be the result of the present
stagnation.

Flour—ln our last we noticed that prices were tending
downwards; as low as 30s. had been accepted for New
Orleans, and 335. for Baltimore, while Alexandria and
Georgetown had been disposed of in lots at 355., and for
a lot of 350 barrels to arrive in the Glamorgan from
Baltimore 31s. was accepted. After the sailing of the
last steamer the prices ranged as follows:—New Or-
leans, 30s. to 315.; Baltimore, 325. to 335.; Georgetown,
355. On the arrival of the home packet, which brought
the news of the potato disease having again broken out
in Ireland, some little excitement occurred in the flour
market, and holders of Baltimore and New Orleans are
now asking from 2s. to 4s. advance on the above prices.
We have not, however, heard of any sales at these rates.
Meal-200 barrels Georgetown have been sold at 18s.
The stock is light.
Rice—The 300 bags E. 1., reported in our last as sold
to arrive at 16s. 6d. per 1001bs., proved in landing to be
of mixed qualities, and a reduction was made to 16s. for
broken Bengal, and 15s. for best Madras. E. I. may
now be quoted at 16s. 6d., with a light stock. Caro-
lina, of which the supply is heavy, is dull at 19s per
1001bs.

Bread—The stock is enormous, and it is extremely
difficult to effect sales, owing principally to the inability
of the labourers to purchase, the want of employment
compelling them to subsist on the produce of their
grounds. 375 barrels New Orleans nary and pilot have
been sold at 13s. per barrel. The article may be quoted
excessively dull at 12s. to 14s. for pilot, and 13s. for
navy.

gutter—The stock of United States and of Nova Sco-
tian is heavy. Irish is moved at llid. per lb., but only
in very small quantities. Bd. to 83d. and 9d. have been
obtained for United States in small lots. Nova Scotian
may be quoted at Bd. The last mentioned description
is much complained of as having been put up with too
much salt.

Lard—A small parcel of very superior quality brought
7d. per lb. There is not any now at market but what is
soft and inferior. Prime is wanted and would command
7i-d, per lb.

Pork—American prime :(rumps) has been placed at
60s. per barrel, prime mess at 665, and mess 70s. per bar-
rel. There is nothing to report in Irish.
Hams—American, of superior quality, have been sold
in small lots at 71-d. per lb.
Cheese—D. G. is worth I Id. and American 6d.
Brandy—Martell's dark commands ss. 6d. in bond.
Tobacco—Cavendish is very scarce, and much wanted.
Rum—Proof 21 has been taken at 3s. 9d., equal to
2s. 3d. for exportation. We quote 3s. 6d. to 3s. II tl. for
consumption.
Sugar—Ranges from 15s. 6d. for dark, to 19s. to 203.
for fair.

Corn—Csrthsgena yellow sells in small lots at 3s. per
bushel.

Peas—Carthagena black-eyed change hands in trifling
quantities at 6s. per bushel.
Pimento is freely offered at 2d. per lb.
ExcumfoEs ON LONDON.—Commissariat bills, 30
days, not under 14 per cent. premium ; Colonial Bank,
90 days, l per cent. premium ; Jamaica Bank, 90 days,
1 per cent premium.