The Sun.
London, England, 1848-09-25 00:00:00

SEPTEMBER 25, 1848•
r

quiry, though transactions as yet, in the native kinds,
are not large. Corahs have continued to be little wanted.
Saltpetre was lower, and in little request, bat more re-
cently the moderate freights, and now the warlike ac-
counts from France, have caused a brisker market. In
rice a little more business has been in progress. Shell
lac and lac dye sell freely for America. Safflower sells
slowly. Linseed is in request for both England and
America, and other oilseeds are also taken for England.
Jute is wanted, but pending the arrival of the new crop,
little is to be had.' Shipments to England of most of the
been
mnoptiiito
opium
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of decreased
AmericaCosat
brisk business is in progress.
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on the 11th of July, and the average of Patna was Co.'s
rs. 899 6.7. The ',lice in the bazaar has since been
1,240r5. and is now I,loOrs. per chest. There was a
steady market for the drug at Co.'s rs. 915 to 925,
until the arrival, on July 231, of the Anne—shortly
after which extensive purchases were made in the
bazaar—a report got abroad that this vessel had brought
news from Penang, frum the China steamer en route to
Gallo, and that opium had advanced at Canton to 700
dulls, per chest—much excitement prevailed, the price
of Patna quickly rose to ',Mrs, and as no authentic ver-
sion of the news was known except to the fortunate re-
cipients, the China letters were anxiously awaited.
These arrived on the 22d instant, per Rob Roy, and the
report having been confirmed, another sudden rise took
place, and the highest point of 1,240r5. was reached. A
gradual decline has since ensued, and on Saturday quo •
tations from the bazaar were I,loors. to Mrs. per chest.
All accounts agree in stating that the rise in China is
purely the resut of gambling operations. The impetus
given here to opium dealing and gambling has been
great. It is reviving all that latent spirit of speculation
in this drug which few mercantile natives are without, and
which has of late only been in abeyance from the effect
of the celebrated opium case of last season. There have
been few actual sales at these high rates, the tenth sale
of the season taking place on the 9th inst.
The position of the import market has been one of
steady and progressive improvement. It can scarcely be
called a satisfactory one to the importer while exchange
is on the level of a bullion remittance. The internal
trade has, however, assumed a more healthy condition,
and a large amount of business has been done.
The demand for Manchester cottons has been large,
and though freely met by importers, the leading staples
are generally higher in value. Glasgow light goods
remain depressed, though the low prices current have
induced a few rather large purchases, chiefly of a spe-
culative nature.
Mule twist has been largely sold, and prices had ad-
vanced 2 to 3 pie per morah for the leading counts.
Latterly the quotations from the bazaar came rather
lower, but holders are firm, The sales of metals during
July have been unusually small. The long delay in the
setting is of the rains in the upper provinces, and conse-
quent fears of famine, made buyers afraid to come for-
ward. With accounts of rain a better inquiry has ap-
peared, and, in some instances, prices are higher. There
is still, however, no activity. Dealers are all aware of
the declining tendency of the prices of most metals in
England, and expectation of large shipments keeps
them from doing a large business.
The Money Market in the bazaar, and so far as it ap-
plies to the native trade of the country, has gradually
assumed a more favourable appearance. Discounts of
native hoondees, or bills of exchange, are easy, and the
native bankers have relaxed their rules-,ot business.
There can scarcely, howevere, be said to be any relaxa-
tion in favour of the European mercantile community,
or restoration of credit among them. There aro few
whose acceptances, even at a short date, can be dis-
counted in the bazaar. The bank rate of interest for
loans on deposit of Company's paper is 6 per cent. Else-
where the accommodation can be had on more favourable
terms.
The easy position of monetary of airs has made Com-
pany's paper much more valuable. The New Fives were
on the Bth of July 1-Br. to 2r. discount, and are now,
Company's rs. 0.4 to 0.10 discount. The other loans
have also greatly improved, and should a further deduc-
tion of the rates of interest be made by the bank, a
considerable enhancement of value will probably take
place, particularly in the Four per Cents.

Quotations are—
New Fives, per cent. ... Rs. 0 4to Rs. 0 10 dis.
Sicca Fives, per cent. ... 2 Bto 3 0
Company's Fours, per cent 13 8 14 0
Sicca Fours 14 8 15 0
There has been a great scarcity of good bills of ex-
change during the month, and a further decline has con-
sequently taken place. American credit bilk have been
in much request, and holders have secured extreme rates.
Quotations for first-class six months' sight bills on Lon-
don are—
Documents ... is. 9id. to is. 91d. per rupee.

American credits
Is. 940. to Is. 943. per rupee.
Banner's or Brown's}
Oriental Bank ... Is. 9d.
It has been rumoured that Government was about to
ship 30 lace of silver to England, and the accounts by
!ho mail are confirmatory, it being stated that 50 laes

are ordered home.
•
The supply of tonnage has continued abundant, and
shortly atter the date of our last a material decline took
place. The rates to Liverpool sunk to 3/. ss. to 3/. 10s.
for sugar, but from increased shipments and the firmness
of consignee; have again advanced, and wo quote 41. per
ton as the present average rate to both London and Li-

verpool for sugar.
Isrumo.—The weather during July has proved fa-
vourable for the manufacture of Indigo throughout the
chief producing districts of Bengal and Behar. The
rains have proved moderate, and the rivers have been
generally lower than usual at this season. There has
been little loss of plant from inundation, except from
the rise of the Ganges at Bhaghulpore at the end of
June, and to a small extent in Tirhoot, and towards
Furreedpore and Dacca. Some loss from blight has oc-
curred in liislmaghur, but, generally speaking, a larger
proportion of the plant than usual has been cut in good
condition for manufacture. The average produce has
also been fair, except in Tirhoot, where the rain was
generally heavy durit, the first half of July.
Up to this time the progress of the season has cer-
tainly been fortunate, and the quantity of indigo made,
ab willo sbee
Allahabad,a large deficiency
wi
tht h e
sooumt
et u rrne
doufetthi
oend iisn-
in excess of last year at this time. It is ascertained that
ttrhiecrtes
other districts from financial causes, it is the opinion of
those well-informed on the subject, that the total crop
cannot, with average weather in August, exceed
1,10,000 maunds.
Exports from the Ist of November, 1847, to the 3d of
August, 1848, are—

Chests. Fy Mds.
Great Britain ... ... 20,363 78,195
France ... ... ... 2,933 10,532
North America ... ... 1,116 3,551
Red Sea and Persian Gulf... 1,711 5,784
Other places 56 214

26,179 98,276
Sugar—The inquiry for sugar has been good through-
out the past month, and sales of all qualities have been
large.

The supply of Benares has come in freely, and dealers
havo met demand, by realizing steadily on arrival. The
value of this description differs little from what it was at
the date of our last, Co's. ra. 8 to 8-8 per md. being paid
for good first quality.
Refined vacuum sorts have been in much request, and
refiners have found a ready market for their production,
higher prices having latterly been given.
Gurpatta date, and other second rate white kinds have
been shipped, though somewhat sparingly, to England.
All low sugars, browns, common Tirhoot sorts, and
Khaurs, have found a ready sale to the refiners at full
prices.
No change in the market has as yet been produced by
the account of the alteration proposed in the duty scale
by the home Ministry.

- Prices are—
Benares firstquality,new Co.'srs. 7 12 to 8 8 per b. and
Gurpatta date, old Co.'s rs ... 5 0— 6 0 do.
lihaurs, do. ... 3 0— 3 8 do.
Exports from August Ist to 3d
Great Britain ... 18,955 maunds
Raw Silk—The new silk has been latterly in course of
arrival, though not in quantity. There has been a fair
inquiry for clean qualities of native silk, but transac-
tions have not as yet been large. The reported sales are
rather under our quotations of the Bth ult., viz.—
Co.'s R. Co.'s R.
Radnagere 6 8 to 7 0 per p. seer
Hurripal 7 4 712 9,
Cossimbazar ••• ... 0— 0 0 per p. f. sr.
I3auleah ..• •• • 5 4 5 8 ~
Silk Piece Goods—There have been few sales of
corahs, particularly since the arrival of the mail of the
7th of June. Lower prices would now be taken by
holders.
We quote prices of corahs—
Cossimblzar native, Ist quality, Co.'s rs. 95 to 105 per corge.
Ditto 2d ditto, 80 to 90 ditto.
Saltpetre—The demand for England has experienced
some little fluctuation. Previous to the arrival of the
mail of the 7th of June there was a moderate inquiry
for good kinds, but the accounts of a fall of 10s. per cwt.,
brought by that mail, stopped operations altogether for
time. The low freights afterwards current produced a
moderate inquiry, and during the last week a good deal
of business was done.
The Americans have been free buyers throughout.
ant stock is getta g very moderate.
The quotation) are— Company's Rupees.
Gudna ... 6 6to 6 12 per fy. md.
Chuprah 5 6t05 12 „
Allygunge ..• 60to 6 6 „
Refined... ..• • . 6 Bto 7 0 „
Exports as above—
Great Britain ••• ... 9,518 maunds.
North America 2,791 „
RlCE.—Thero have been few purchases in progress
"'or England, and prices are a little higher. Good table
is Co.'s rs. 2.1 to 2-4 per md., but inferior qualities can
be had at lower rates.
Moonghy and Ballam have been in steady demand for
the Mauritius and Bourbon.
Prices may be quoted—
Table cleaned ... Co.'s re. 1 14 to 2 4 per b. md.
Moonghy, ditto 1 4to 1 5
Ballarn, ditto e • -- 1 3to 1 4 --

Exports as above— •
Great Britain ... ... 3,139 maunds.
Mauritius ... ... 10,016
Bourbon ... ... 5,000
Shell lac—The Americans have been free buyers, and
priced paid have ranged from Co.'s rs. 7 to 9 8 per maund.
Lac dye—Middling native dye has also been in good
request for America, and sales to some extent have been
made at Co.'s rs. 18-12 to 21 per mound.

Jute—The new crop is scarcely due, and pendiner its
receipt the only jute procurable is of very middling kind,
selling at Company's rupees 8 12 to 9 per bale.
Linseed—The demand for both England and America
has been large, and prices are maintained, last sales be-
ing at Company'o rupees 2 .1 to
.2 3 for good quality.
Mustard seed is being freely shipped to England, and
prices have latterly advanced to Company's rupees 2 to
2 1 per maund.
Safflower—Holders have not been free sellers, and
transactions are not large. Those reported range from
Company's rupees 14 to 21 per maund.
Ginger—Rungpore has brought Company's rupees 4
to 4.8 per maund for America.
Tincal—There has been some inquiry for England.
Sales are at Company's rupees 9 8 to 9 12 per maund.
Prices current are—

_ _______ _
Co.'s rp. Co.'s rp.
Shell Lac, Ist sort... . ... 10 oto 11 0 per b md,
2(1 do. ... ... 8 12 9 6
3d do. ... ... 7 0 8 0
Lac Dye, Ist sort... ... 40 0— 55 0 -
- 2d do. ... 28 0— 35 0
3d do. ... ... 15 0— 22 0
Jute 2d quality ... 812 9 4 per bale
Linseed Ist cleaned ... 2 0— 2 3 per b md.
Safflower ... ... 18 0— 20 0
Exports from Aug. 1 to 3:7

North America.
... 457
... 4,800
... 1,985