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

BENGAL COMMERCIAL REPORT.

GENERAL REMARKS.—As the arrival of the express
draws near, there is some disposition to wait recounts of
the progress of events in Europe. The necessity to
provide for remittances, by the steamer, has kept up a
fair demand for exports throughout the week. Business
has been more general, and dealers are generally con-
tent to realise at the late ruling prices.
Sugar remains the favourite object of demand, and a
good supply is kept up of all except fine qualities of Be-
nares, which, as usual at this period, commence to be
scarce. Raw silk is in more request, and at recent prices
a fair amount of business has been done. For torahs,
too, there has been some little inquiry. Saltpetre can
be purchased rather lower, but there is little doing for
England. Rice is neglected.
The late excitement in the opium market had com-
pletely subsided, and Patna was down to 969 r. On
Thursday night a report got abroad that the China news
was in, and Patna yesterday morning was again at
1,020 r., but during the day subsided to 980 r. The sale
on Monday is likely to go lower, unless the steamer or
the steamer's news should arrive before that day.
Manchester Cottons have been in active demand
throughout the week, and stocks in first hands wearing
out prices have moved up a little for most of the leading
staples. In Glasgow fabrics more business has been
done, and at rather better prices than were before ob..
tainable. The demand is far from general, and prices
are unsatisfactory. The Twist market remains bad,
holders urge sales, and prices continue to droop. The
advancing tendency in Metals has for the present sus-
tained a check. Dealers have purchased very freely of
late, and the accounts from the Upper Provinces, where
there is still much want of rain, and some anxiety felt
for harvest prospects, do not appear to warrant a further
advance.

(From the Englishman.)
CALCUTTA, SEPT. 7.—Business here, since the date of
our last report, had exhibited a little more animation
than we have been accustomed to for some time past
owing: to the difficulty of getting bills of exchange,
which forced upon remitters the necessity of turning
their .
attention to produce. There has been no transac-
tion indigo. Sugar, until lately, has maintained a
good inquiry for purposes of remittance at rather lower
rates, and since the arrival of the Precursor the market
has closed heavily. The operations in saltpetre have
been less extensive, at 2 to 4 annas reduced rates.
Rice remained almost totally neglected until the receipt
of the present home news, which has had the effect of
inducing an active demand. The holders of safflower
still requiring prices, which shippers cannot safely give,
transactions in that article have been very limited.
Raw silk has attracted a little more attention, and corahs
have been in better request. Lac dye and shell lao have
been neglected.
We have no reason to complain of the state in
which our import market has remained since the date
of our last report. A good demand has continued for
plain and useful fabrics of Manchester manufacture at
firm, and, in some cases, improved prices. Scotch
goods are without any improvement. Mule twist has
been in less demand at reduced rates. Coloured yarns
remain depressed. Metals maintained their position until
lately, when the demand somewhat slackened, and prices
lost their former firmness.
The Money Market has remained easy, and accom-
modation can be procured on approved securities at fair
rates. Government paper has fallen in value: our pre-
sent quotations are, Transfer Paper, 11 to 12 premium;
New Fives, 12 annas to I discount, according to amount,
small sums commanding the best terms; Second and
Third Fives, 3-12 to 4 ditto; Company's Fours, 15-8;
Sicca ditto, 16-8; Bank of Bengal, shares 1,925 to 1,950
prem. The Bank has not yet published the rate of profit
realised during the past month, but judging from the
business transacted, its earnings cannot be higher than
those of July, which netted Rs. 5-1-2 81 per annum on
capital stock.
The market has latterly been better supplied with bills
of exchange, but still the quantity offered has been very
far short of the demand. Our quotations are now 1-9 i
to 1-9 for first-class document bills, and 1-91 to 1-9 i
for American credits, which description of bill is scarce.
Oriental Bank bills 1-9; ditto, at sight, 1-74. Bank of
England post :bills are freely taken at 1-8. A consi-
derable amount of Bengal post bills has been remitted,
and this kind of remittance appears to be getting into
better favour. Rupees 25,54,217 in value of bullion has
gone forward during the past month, 1,50,224 of which
has been sent via Suez, and the remainder round the

Cape. The amount advanced by the export warehouse
since Ist of May in goods under hypothecation is
7,89,645 rupees.
Our last report left freights at 41. to 41. ss. for sugar
to London. In the subsequent week an influx of ship-
ping caused a decline to 31. 15s. to 4L The week after
that they regained what they had lost and stood at
4/. 55., and with trifling fluctuations they continued about
that figure until yesterday, when an increased demand
for tonnage for rice raised them to 4/. 10s. to 41. 12s. 6d
for that article, 4/. 10s. for sugar, and 4/. ss. for saltpetre
Indigo—We have no transactions to report since
our last issue, but a continuance of the most propi-
tious weather for the unbounded progress of vegeta-
tion, with daily short mild showers and bright sunshine
to follow. This, for during the last two and this
month prevailing rainy season, almost unexampled
state of weather, seems by all accounts to have favoured
most of the indigo districts, and under as beneficial
influence the principal portion of the crop has been
brought to a rapid greatly-improved maturity. Manu-
facturing is by this time a nearly established fact in the
generality of leading concerns, and the latest returns based
upon this, with the probable proportionate results of the
smaller factories, including native cultivation, introduce
the increased estimate of the total out turn to about
1,20,000 to 1,25,000 maunds. If, with a continuance of
the present weather to the end of the month, which how-
ever, can hardly be expected, the yet outstanding portion
of the plant affords a similar yield to that obtained up
to the present, and the rumours about preparations
for second cuttings being in progress in Lower
Bengal, are proved in practice, the crop may be in-
creased by a further 10,000 maunds.
MONEY MARKET.

CURRENT VALUE Or GOVERNMENT SECURITIES, EINK
STOCK, 84C.

Transfer Five per Cent. ... 11 80to12 0 0 prem.
Second ditto ... ..• ••• 3 12 oto 4 0 0 disct.
Third ditto ... ... ••• 3 12 oto 4 0 0 ditto
Four per Cent. 15 0 0 to 15 2 0 ditto
CNoemwpdaintyt o „.„ ... 0120 to 1 8 0 ditto
's R
8..
Sicca Rupee ditto ... ••• 16 00to16 $ 0 ditto
Bank of Bengal Shares, Co.'s R 5.... 1,925 to 1,950 prem.
Agra Bank ditto ... •,•• ••• 50 to 60 ditto
N. W. Bank ditto ••• ••• par.

Cawnpore ditto ... ... ... par.
FREIGHTS.

London. Liverpool.
Sugar ...£4 5 0 to 4 10 0 £4 0 0 to 4 5 0
Saltpetre ... 4 00 to 4 50 4 00 to 4 50
Rice... ... 4106t0 4 12 6 4 50to 4 76
Hides ... 4 0 0 to 4 40 3 15 0 to 4 00
Jute... ... 2 7 6 to 2 12 6 2 0 0 to 2 50
Raw Silk ... 4 0 0 to 0 0 0 2 10 0 to 3 15 0
Indigo . . 4 0 0 to 0 0 0
Arrivals of late have been moderate, and present rates
are likely to be maintained.
To Mauritius.
Rice .. Co.'s Rs. 1-6-0 to 1-7-0 per bag.
To China.
Cotton ... Nominal.
Opium ... irr7-0-0 to 8-0-0 par chest.