The Sun.
London, England, 1851-05-19 00:00:00

lunaltered rates. Nothing has, been doing in Choppas
and Baudatioes. Operations in jute have very much
fallen away, _ and, except for really superior qualities,
which are hardly procurable, prices are easier. Exports
continue to show a felling off. It is not likely that anything
like an extensive `nisiness will be done in this article for some
time to come. Hides have remained in favour, and a good
business has been reported at prices which show great firm-
ness. Castor oil has been quieter, and though procurable at
lower rates; little business appears doing in it. Shipments
go forward on a moderate scale on manufacturers' account.
Cowries remain in good esteem, and prices are without
alteration. Demand continues excellent, both for shell lac
and lac dye. A fair business has been doing at very steady
prices.
In minor articles of produce, a very moderate scale of
business has been done.
The Import Market—Under this head we have little al-
teration to report; not the smallest improvement has taken
place in the position of the market, but on the contrary,
transactions have been at lower figures. Some short time
since holders began to show firmness, and prices were a
little stiffer, but they have latterly relaxed and shown more
desire to realize. These remarks apply to the market for
British manufactured goods. Mule twist has been more
active, but at, a concession in value. The metal market wears
a more promising appearance.
The Money Market—We have not the least change to no-
tice as regards monetary matters ; the tendency to an easier
position has continued, and supplies are readily procurable.
Rates of interest and discount, however, have experienced
no further decline. The value of Government Securities has
improved, and a pretty considerable amount of business is
reported in them—value remains firm, at present quotations.
Bank of Bengal Shares keep up their value, but we have
heard of no operation in them ; little disposition is manifested
to realize, though there is no want of purchasers.
Exchange—A still further decline has taken place in rates
of exchange on England. We quote Document Bills at
2s. Oy. to 2s. ld. per rupee. Transactions have been on a
moderate scale in them. Some demand has been making for
credit bills, which we quote at 2s. OP. per rupee, at six
months' sight.
Freights—For some years such a scarcity of tonnage has
not been felt, as now prevails, particularly for dead .weight.
Rates have risen considerably within the past few days, but
quotations can hardly be called more than nominal, as ton-
nage is not procurable except to a very small extent. We
do not think; these rates can be maintained, as some heavy
arrivals are expected.
Indigo—The market, as might be expected, is very quiet,
having nearly arrived to the close of the season. There has
been no business done by private contract, and but one pub-
lic sale is reported. Owing to the decline which has lately
taken place in rates of exchange, holders of the few remain-
ing parcels have enhanced their demands, without, however,
yet meeting with purchasers at their terms.
Sugar—An active demand has continued to be madefor all
descriptions of this staple; but business bas been confined
principally to operations in date sorts, which have ruled at
high figures. The new crop of Benares has been coming in
very slowly. The market had opened high, but as the crop
is expected to,be an abundant one, and money tight, prices
must decline, notwithstanding the brisk demand here.