The Sun.
London, England, 1848-07-25 00:00:00

Larpent were the only ships loading, and would pro-
bably be obliged to sail with part cargoes.

COMMERCIAL AND MARKETS.

CitourrA., JUNE 2.—Since the date of our last re-
port, i f the Bth of May, everything connected with com-
merce in this city has worn a very gloomy appearance.
Our export market has been completely paralysed by
the home news. The little conffidence which remained
has been extinguished, and the most sanguine are at a
loss what to do, and unable to see their way through the
difficulties which environ commercial and political
affairs. Business has been almost at a stand still, and
the comparatively deserted state of the streets, in what
formerly used to be the busy haunts of commercial ac-
tivity, as well as the scanty daily list of exports, suffici-
ently indicate the low state of prostration to which our
trade has been reduced. The mail of the 24th April is
looked for with much anxiety, although but little hopes
are entertained that it will bring news of a nature cal-
culated to produce an improvement in the state of affairs
here.

Our market for exports has fi It severely the existing.
state of commercial depression, Indigo has been very
quiet, little disposition being shown to operate in the
article. Sugar has been-greatly neglected, and a decline
of fully rs. 1 per md. has taken place in its value. The
new crop is making its appearance in small parcels,
which have been placed at 7 to 7-6 per md., according to
quality. It is conjectured that the imports from the
interior will be less than during the past year; for, in
addition to the little temptation which the prospects of
the market offer to importers. the reduced price of the
article will doubtless give rise to a large increase in the
local consumption. During the last few years its high
price placed it beyond the reach of the most numerous
class of the native population. Saltpetre has continued
in active request at progressively improving prices, at-
taining a rise of rs. Ito 1-2 per md. The reduced rate
of freight has drawn attention to rice, and some ship-
ments to England have consequently been made. The
transactions in safflower have been limited, owing to the
terms demanded by holders. Raw silk and silk piece
goods have, until lately, been quite neglected.
The import market has shared, though in a less de-
gree, the inactivity which has prevailed since the date
of our last price current. Holders continue to evince a
desire to place their goods, while the minds of the prin-
cipal dealers, who are also speculators in opium, have
been disturbed by the claims of the great time-bargain
opium contractor, which, added to unfavourable acounts
from the upper provinces, has caused a falling off in the
demand. The consequence has been a decline in prices
for almost all descriptions of piece goods and mule
twist. Turkey red yarn commands a better demand at
improved rates. Metals have been rather neglected.
The money market has remained without much alter-
ation. Money continues abundant and procurable on
comparatively easy terms on security of Government
paper, or equally valuable and tangible security. Seven
per cent. is the rate of interest on loans covered by this
security, and 10 to 12 per cent. for loan on mortgage of
landed property. The business of the Bank of Bengal
has been reduced to a small compass for want of ap-
proved channels for the investment of its funds. The
next dividend will consequently be stnaller than they
have been of late, but we understand that the bank has
suffered no loss whatever from the commercial disasters
which have ruined so many, and from which so few have
escaped unscathed. The price of its shares is still 2,050
premium. Government securities have given way in
consequence of the threatening aspect of affairs in the
Pucjaub. Our present quotations aro :-4-8 to 5.4 dis-
count Second and Third Fives ; 3 to 3-6 ditto in New
Fives ; 17 to 18 ditto in Company's Fours ; and 19 to 20
ditto in Sicca Rupee ditto.
Very few transactions have taken place in Exchange.
The rates for six months' sight bills, with documents, are
1-10 to 1-10/; but this description of paper, owing to
the small quantity of goods going forward, is extremely
scarce and much wanted. We have heard of a sale of
uncovered bills at three months' sight, drawn by a highly
respectable firm here on Jones, Loyd and Co., at 1-9/.
The calls upon the export warehouses for advances have
been trifling. Only rs. 1,83,404 have been taken since
the 30th April. Exchange on China, rs. 200 to 202 per
100 Sp. dolls. On Ceylon 3 per cent. discount at sight.
Freights have undergone considerable fluctuations.
Our last report left them at 51. to 51. ss. for dead weight
to London. During the succeeding week they fell to
41. to 41. 10s.; in the second week they became very un
settled, and were quoted at 3/. 15s. During the past
week they rose to 41 108. to 4/. 155., and now our quota-
tions are 4/. ss. to 41. 10s., with a downward tendency.
CURRENT VALUE OF GOVERNMENT SECURITIES, BANN.,
STOCK, &c.

Transfer Five per Cent 8 0 0 to 9 0 0 prem.
Second ditto 4 8 0 to 3 0 0 dis.
Third ditto
New ditto 3 0 0 to 3 6 0 ditto.
FttEIGHTS.
London. Liverpcol.
Sugar
Saltpetre
Rice 4 oto 410 ... 4 oto 410
Hides
Jute
Raw silk

Indigo
Rates have lately been a good deal unsettled, and
now, owing to fresh arrivals, Are looking downwards.
BOMRAY, JUNE 30.—BANK OF BOMBAY.--Discount
on Government bills, 6 per cent. ; discount on private
bills at or within three months, 9 per cent. Interest on
fixed loans on deposit of Government notes, 8 per cent.;
interest on cash credit accounts on Government notes,
9 per cent.; interest on loans on deposit of goods, &c., 9
per cent. The rate of advance on deposit of 5 per cent.
Government notes is 90 per cont., on 4 per cent. Go-
vernment notes 70 per cent., and on goods, three-fourths
the approved value. .
Oriental Bank.—Rates of Exchange.—Drafts on Lon-
don at 6 months' sight, abOve .501., Is. 9id.; ditto at 3
months' sight, above 201., Is. 9id.; ditto, at 1 month's
sight, above 201., 1~. 9k1.; ditto, at one day's sight.
about 51., Is. 81r. Circular notes payable throughout
Europe, and drafts on Ireland_ and Scotland at 1 day's
sight, Is. Bicl.
Freights, May 30,—T0 London, per ton, 31. Si. to 31.
7s. 6d.; to Liverpool, 3/. Si. to 31. 10s.; to China, per
candy, 12rs. to 121 rs.
Exchanges.—London, at 6 months sight, per rupee,
Is. 9P. to is. iokd.; at 3 ditto, ditto, Is. 91d.; at 1 ditto,
ditto is. Sid.