The Sun.
London, England, 1848-12-19 00:00:00

possible, for the revenue is falling off everywhere, and
the local authorities do not seem to possess the power
to enforce their demands.—China Mad, Oct. 26.

EGYPT.

Our dates from Alexandria are to the Bth inst.

His Highness Abbas Facile, the new Viceroy of
Egypt, returned to Suez from Mecca on the 25th of
November, and reached Cairo on the following day,
when he quietly assumed the authority without oppo-
sition or any infringement of the generally prevailing
tranquillity. On the 27th his Highness received
officially all the European consuls. Very handsome
presents of swords and snuff-boxes inlaid with dia-
monds have been sent to Captain Frushard and the
officers, and 4001. for distribution among the crew, of
the East India Company's steamer Feroze, which
conveyed Abbas from Suez to Jedda and back
again ; and there is no doubt that his Highness was
much gratified at the attention shown to him at
the outset of his career by the officers of an English
steamer.

On the 2d inst. a Turkish steamer of war, the Sultan's
own yacht, arrived at Alexandria from Constantinople,
baying on board Mazloum Bey, Minister of Justice at
the Sublime Porte, who had been sent to Egypt with
the firman nominating Abbas Packs Viceroy of Egypt,
and to invite his Highness to proceed to Constantinople,
to be there formally invested with the Viceroyalty of
this country. Mazloum Bey went up to meet Abbas
Pacha at Cairo, and both were shortly expected at Alex-
andria to embark for Constantinople in the Turkish
steamer.
The first visit that Abbas Pacha paid on his arrival at
Cairo was to his grandfather Mehemet Ali, who was
muck gratified with this mark of attention, which con-
greatly with the deportment of Ibrahim Pacha,
who from the time that the old man fell into his present
childish state never went near him.
At Suez about 2,000 Bedouins of the desert bad as-
sembled of their own accord to make their obeisance to
Abbas Pacha on his return as ruler of Egypt. Abbas,
as Governor of the city of Cairo, has always been in con-
nexion with the Bedouin tribes, whom he had to keep
Under control.
Abbas was in great favour with the higher classes of
fhe naives, as he had made several promotions among
*win, and he was not so pressing as Ibrahim was for the
payment of arrears of taxes. He was expected to form
I council, with himself as President, for the adminis-
*ration a affairs, and. the prosperity of the country will
depend on the selection his Highness may make of the
members of the council

According to the firman granted by the Sultan to
Mehemet Ali in June, 1341, the hereditary possession
of Egypt was granted to him within its ancient boun-
daigh also the government of the provinces of Nubia,
Dtftur, Sennaar, and Cordofan, but these latter with-
out the hereditary possession. It now remains to be
seen whether the Sultan will appoint another Pacha, in-
dependently of the Pacha of Egypt, to govern those
provinses.
It i&s anticipated that Abbas, aware of the ineffi-
ciency of the several cotton manufactories now at work
in Egypt, and the great expenditure they give rise to
with but little profit, will abolish them all, which will be
acknowledged a very judicious step by all who under-
stand the prosperity of Egypt.
Accounts from Upper Egypt and Cairo state that an
extensive mine of good coal had been positively found in
the vicinity of the town of Esneh, on the Nilo.
Her Majesty's steam-frigate Sidon and the French
war-steamer Panama, both dispatched to Alexandria by
the English and French Admirals at the death of Ibrahim
Paoha, had arrived there, and were lying in the harbour.
Trade had somewhat revived, and several extensive
sales of grain and pulse had been made, though at re-
duced rates. This year's crop of cotton will be much
above the average in quantity, and prices will, conse-
quently, rule low for this staple.

COMMERCIAL INTELLIGENCE.

REPORT OF THE BOMBAY MARKET FROM NOV. 1

TO NOV. 15.

BOMBAY, Nov, 16.

Business has been done during the last fortnight on a fair
cale for the season of the year, and in some instances at
prices which show a small advance upon the rates ruling
during the previous two or three weeks.
THE MONEY MAKEr.—Money still remains plentiful,
but in consequence of the large amount of Bank of Bombay
notes withdrawn from the circulation during the late
panic with regard to that paper, money may be expected to
become more scarce—the effects, however, are not felt as yet,
Government Securities.—There has been a considerable
decline in these during the present month, and the Govern-
ment Five per Cent. New Loan has met purchasers with
difficulty. The rate may now be quoted at 981/2 per cent.
for the New Five per Cent. Loan; 88 per cent. for the Four
per Cent. ; 102 Company's for the Five per Cent. Sicca ; and
86i per cent. for the Four per Cent.
Bank Shares—ln these stocks there has also been a de-
cline; and the quotations now are—Bombay Bank, 28 per
cent. premium ; Oriental Bank, 79 per cent.; Agra Bank,
9 per cent. premium ; and the Commercial Bank, 85 per
cent.

Exchange—No alteration to report. Considerable trans-
actions have taken place in China drawn bills at ls. 9id. to
id., and document bills at the latter rate.

Freights-4n tonnage very little has been done since the
last mail left, and 21. 103. per ton may be regarded as the
rate of the day for London and Liverpool; for China, 10Ir.
to 101 r. has been secured.

Cotton Piece Goods—We have had the following sales re-
ported to us, from which it will be perceived that since the
termination of the holidays and the resumption of business
their has been considerable activity in the market. In Grey
Shirtino there has been a brisk demand, and holders have
exhibited considerable finnnes. Grey domestics have been
sold at about previous ra•es. Grey madapollams and jacco-
nets have been sold to some extent, and stocks of these are
novo greatly reduced. Bleached skirtings, jacconets, and
irradapollams have been inquired after to a considerable ex-
tent, and supplies of these are very limited.
Mule and Water Twist—The sales reported to us are :-
281 bales in the following proportions :—Mule No. 20 I,t
6!.4, No. 30 at 61i, No. 40 at 7%, No. 50 at 81/2, and No.
6ki at 91,i annas per lb. Water, No, 20 at 64, No. 30, at 7,
and No. 60 at 91,2 annas per lb. 75 bales of mule yarn, No.
30, at 63/. 20 bales of water yarn, No. 30 at 7. 175 bales
of water yarn, Nos. 20 and 30, the former at 6% and the
latter at 7Vs annas per lb. 30 bales of mule yarn, No. 50,
at 1%.
Turkey Red Yarn—A sale of 20 bales, Nos. 40 and 50, at 1
rupee It anna per lb., is reported.
Metals—The market for metals has been more healthy
than for some time.

Cotton—From the following note of purchases it will be
perceived that prices have declined since the date of our last
report : R. a.
400 bales Dhollera Cotton at 81 8 per candy.
400 do. ... ... ... 79 0 ditto
200 do. ... ... ... 80 0 ditto
1,000 do. .• ... ... 76 8 ditto
300 bales Surat and Broach... ... 78 0 ditto
200 ditto Broach ... ... ... 57 0 ditto
200 ditto Dhollera ... ... ... 76 0 ditto
50 ditto ... ... ... ... 75 4 ditto

Opium—ln this article of export very little has been done.
Holders are sow asking 1,200 r. to 1,225 r. Freight for
1,200 chests has been engaged in the Achilles to sail on the
19th inst.

Telegraph and Courier-office, Bombay, Nov. 14.
FREIGHTS.
t2L 10s.
Rs. 10.

To London per ton ...
To Liverpool
To China, per candy ...
EXCHANGES.
London at 6 months' sight, per R., ls. nd. to ls. 91d.
'1 3 months' sight, „ Is. 9d.
1 months' sight, „ is. Bid.
China, at 60 days' sight, per 109 Sp. 207 to 209
Madras, „ 30 „ ••• •••
„ „ sight ••• •••
Calcutta „ 60 days' sight, per 100 Rs.
„ „30
„ „ sight,

... 100}

1 ga