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 Msil, Oct. 26.

EGYPT.

Our dates from Alexandria are to the Bth inst.

His Highness Abbas Pacha, 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,
having on board Mazloum Bey, Minister of Justice at
the Sublime Porte, who had been sent to Egypt with
the firman nominating Abbas Pacha 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
iiatigratified 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 had 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
the natives, as he had made several promotions among
them, and he was not so pressing as Ibrahim was for the
payment of arrears of taxes. He was expected to form
s council, with himself as President, for the adminis-
tration of 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 &man granted by the Sultan to
Mehemet Ali in June, 1641, the hereditary possession
of Egypt was granted to him within its ancient boun-
daries, also the government of the provinces of Nubia,
Darfour, 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
provinces.

_
It was anticipated that Abbas, aware of the ineffi-
cieney 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 ♦ery judicious step by all who under-
stand the prosperity of Egypt.
Accounts from tipper Egypt and Cairo state that an
extensive mine of good coal had been positively found in
the ♦icinity of the town of Esneh, on the Nile.
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
Pacha, 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 bo 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
tale 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.
TILE MONEY MARKET.—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 effecte, 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 A 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
85i 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. 9tid. to
id., and document bills at the latter rate.
Freights—ln tonnage very little has been done since the
last mail left, and 2/. 10s. per ton may be regarded as the
rats 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
•Shirtings there has been a brisk demand, and holders have
exhibited considerable firmness. Grey domestics have been
mold at about previous ra' es. Grey madapollams and jpcco-
nets have been sold to some extent, and stocks of these are
no?" greatly reduced. Bleached shirtings, jacconets, and
madapollams have been inquired after to a considerable ex-
tent, and supplies of these are very limited.
Male and Water Twist—The sales reported to ns are :-
28) bales in the following proportions :—Mule No. 20 at
6%, No. 30 at 63/4, No. 40 at 7%, No. 50 at 84, and No.
68 at 9% annas per lb. Water, No, 20 at 64, No. 30, at 7,
and No. 69 at 91/2 annas per lb. 75 bales of mule yarn, No.
30, at 6.14. 20 bales of water yarn, No. 30 at 7. 173 bales
of water yarn, Nos. 20 and 30, the former at 6% and the
latter at 7% 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 1/2 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
LOOO 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
Opiura—ln this article of export very little has been done.
}folders are now 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.
FREIGHT'3.
... f 21. 103.
••
Es. 10.

To London per ton ...
To Liverpool „
To China, per candy ...
EXCHANGES.
London at 6 months' sight, per IL, is. sid. to is. 9ad.
3 months' sight, „ is. 9d.
„ 1 months' sight, „ Is. Bid.
China, at 60 days' sight, per 109 Sp. dils....Rs. 207 to 209
Madras, , 30 ~ ... ...
„ „ sight ••• •••
Calcutta „ 60 days' sight, per 100 Rs.
ro 30 ,► •• •
„ „ sight, ft
PRICES OF BULLION.

.. 99i
... 99i
... 99i
... 100 i

Sovereigns, each ...
Dragons, each
Bank of England notes per £
Spanish Dollars, per 100 ...
German Crowns,
Sycee Silver, per 100 tolas •••
Gold Leaf, per tola (range of quality) ...
BANK SHARES.
Rupees.
Bombay Bank ... ... 32 to 33 per cent. premium.
Oriental Bank, I,ooor. (500 paid up) 14 discount.
Commercial Bank ... .. 14i
Agra Bank (500 r.) 12
Bank of Madras (1,000 r.) •.• 5
IiOVEB.I4II.MaT SECURITIES.
5 per Cent. Transfer "Loan
4 •• Loan 1825-26 Rs. 114 per 100 Sicca.
5 » Loan 1829.30 T. 103 per 100 Sicca.
4 s, Loan '832.33 •• 103 per 100 Sicca.
4 ~ Loan 1835.36 ... 87 to 87 per 100 Sicca.
4 Loan 1841..42 ••• 83 per 100 Co's.
4 ~ Loan 1842-43 99 per 100 Co's.
ORIENTAL BANK. 83 per 100 Co's.
RATES OE Excl./Alm.
Drafts on London at 6 months' sight:Ttbov
Ditto at 3 months' sight 8 450 1 pi
„
Ditto at 1 month's sight 20 1 9
Ditto at 1 day's sight 20 1 ga
Circular notes payable throughout Europe, and - 5 I 8i
drafts on Ireland and Scotland at one day's
RATES OF INTEREST ALLOWED.
On current accounts, subject to a commission
of lj per cent. ... 5 per cent.
rtitto, witshout commission
Deposit notes repayable on one month's notice... 3
Ditto, ditto, three months' ditto .. ••• 4
Ditto, ditto, six months' ditto ••• ..• 5
RATES OF INTEREST AND DISCOXINT CHARGED.
On cash credits on securities ... ••• 8
On loans Government securities ... . 6
On Private Bills without rebate, not exceeding
two months ...
•7
Ditto, ditto, three months... ... ... 7
Ditto, ditto, fourth months ... ... 8
On bills subject to rebate 1 per cent. more than
the above rates.
Commission on purchase and sale of securities...
COMMERCIAL BANK OF INDIA.
EXCHANGE ON LONDON.

... Rs. 11 7 annas.
... 11 7 „
... 11 8 „
... 219
~. 217
.. 104 i

16 at 16i

premium.

1 ga

a. d.
1 9i
1 9
.. 1 8i
1 Si
Sight
CALCUTTA COMMERCIAL REPORT.
Sales of sugar have been small, the late reduction in prices
failing to attract anything of a general demand. In silk
little has been done. A few parcels of Corahs have sold at
the late value. The cheapness of saltpetre attracts a fair
inquiry. The rice market is quite inactive. Shell lac and
lac dye, particularly the latter, have been sold rather largely.
Jute continues wanted. •
Shipments of opium to China have been going on briskly,
and the stock of old drug becomes nearly quite exhausted.
Prices have been constantly falling, and Patna left off yes-
terday at r 5.795. Transactions in the new sales drug are
said to be going on in the bazaar at r 5.740 to 745 for Patna.
News from China to the 29th of September was received
yesterday via Bombay. Patna was quoted Dr. 500 to 505
per chest.

6 months' sight
3 ditto
2 ditto
1 ditto

- The import market may now be considered to have fairly
opened, after the constant interruptions from the holidays
of the past month. The depressing influences of war, and
big!) Prim of grain in the northwest, a 9 far as the chief