The Sun.
London, England, 1851-01-16 00:00:00

AIETALS.

Iron.— Tbe demand for this metal has fallen cif ma-
terially of late, as the transit of heavy articles to the in-
terior by country boats has become difficult and tedious
by the closing of the Bhaugeerutty. The imports too
have b-en very heavy, and prices, under the influence of
these circumstances, have givrn way to the extent of 2a.
to its. per mound on nearly all descriptions, except hoops,
which, being much wanted for the securing of indigo
chests, and Government having advertised for tenders
for their supply for upwards of 30,000 chests of opium
of the ensuing season, have risen nearly lr. per maund
on previous quotations.

St&el has declined about 4 annas per maund, and is
not worth more than Co.'s rs. 7 to 7-4 per factory
maund.

Copper having experienced a further decline, ;he tran-
sactioos last month were larger than those in October,
whilst imports were comparat►vely less extensive. With
the exception of Japan, which remains the same as
before, and nails, which are scarce and high, all other
kinds are from 8 annas to 1 rupee lower than they were
when the last mail left.

Spelter is beginning to feel a re-action, and although
the imports last month heavy, sales have been effected
at Co.'s rs. 6r. la. per factory maund under the influence
of diminished supplies of China brass coin.
Tin Plates of the lighter kinds have declined to the
extent of about 2r. per box, whilst the heavy have be-
come scarce and dear.
SUNDRIES.
Beer has gone back to its former figure, and has been
selling at the following rates—viz., Bass's, Co.'s r. 90 to
91 per hhd. ; Allsopp's, Co.'s r. 90 to 91 ditto; Hodg-
son's, Co.'s r. 65 to 70 ditto; Tennant's, Co.s r. 60 to 64
ditto; Younger's, Co.'s r. 70 to 75 ditto.
nf tee declining about 2r. to 3r. per 100 maunds,
has reascended, and has realised lately Company's rupee.;
91 to 92 per 100 bazars maund for stoved, and Company's
rupees 88 to 89 per 100 bazar maunds for butter. No
commons have been imported for some time.
Coals remain the same, and are worth Company's
annas 5-6 to 6 per bazar maund for steam; Company's
annas 9 to 9-6 for smithy; and Coke, Company's annas
10 to 12 per bow =laud.
EXPORTS.

sent the most animated aspect
Our market for country produuecdeehratsbecoinefltinueubecdetoetptrbee-
accounts that have been received from home for some
time by each succeeding mail I the progressive advance
I in the value of most of our leading articles export.obfera
a still more favourable character, as they represent the
have re o The advices juA received to the 21th of October
existence of a variety of circumstances that tended
greatly to lessen the doubts we had entertained of the
stebiltry and continuance of the improvements that have
been going on. We have already stated that the pros-
pects of the harvest, and of the abundance and cheapness
of food, were no longer involved in uncertainty, whilst
an incrtase of consumption of colonial products Was
calculated upon with confidence, from the fact that our
operstives were in full employment; that our mills and
looms in Manchester, and other manufacturing districts
were in active operation, and that money was daily be-
coming more plentiful, and discounts were low. To these
primary elements of a prosperous trade, we have to add
the deficiency of the supply, which, in the instance of
several important staples, was below that of several
preceding years, and would most certainly operate in
Preventing large queatities being pressed on the market.
The transactions hero, however, have been in some mea-
sure checked by the denuded state of our bazaar, where,
with the solitary exception of saltpetre, the sto9ks. base
not only been 0126111bwt Siley tan mowed prinopilly

of qualities that have afforded the speculator but a poor
field for selection; but at this season of the year more
abnndant supplies could hardly be expected. Had it not
been for this circumstance, we should most certainly
ave seen far more extensive transactions, notwithstantdh
ing the high prices and the high rates of exchange, and
the comparative difficulty of negociating bills attains
shipment, unless drawn by, and upon, parties of known
respectability and substance. Latterly there has been
less inclination to purchase, but this is always the case
when people are in the expsctancy.of an in-coming mail,
and are busy with an out-going one. The interval be-
tween the arrival of the Bombay express, which only
brought a few general letters, and the arrival of the
Haddington, which had all the private correspondence
of the mt rchauts, has been unusually great on the pre-
sent occasion—full three days, during which, of course,
shippers remained in sui.pense.
PRODUCE.

Sugar bas continued to be an object of great attrac-
tion, but in consequence of a great paucity of supply,
the shipments last month to Great Britain show a
deficiency of 16,477 maunds, as compared with those
in October. Benares qualities have been greatly wanted,
but the arrivals have been so scanty, that they have
not been able to keep up a stock of more than about
five thousand bags sound in the bazaar for the past three
weeks. The consequence has bi-en that small parcels
of really good white have been taken off with cageiness
at high prices, the moment they have been placed on the
market. There has hardly been any of first gitality
available; but third and fourth have been comparatively
more abundant, and have also been taken with much
spirit at extreme figures. In this scarcity of Benares,
the attention of shippers has been to a considerable de-
gree directed to Dorms which has commenced arriving,
and to Gurputty, and some business has been done in
them, but the supply of these has also been wholly in-
adequate to the demand. The price of the former has
advanced about 6a. per maund for the better qualities;
the latter remains much the same as before. We have
not heard of any extensive operations in Khaur.
Vacuum Pan—The demand for this class of sugar has
throughout been most atiimaetd at an advance of 6 to 8
annas per maund, and this to on an advancing exchange.
This great confidence displayed by buyers woul appear
to be warrauted from the very excellent position of the
article in the home market ; and lo,king at thk fact
that the export of grainy sugar this year falls conside-
rably below an average, it is more than likely -hat the
result will justify present comparatively high prices.
Saltpetre—ln consequence of the existing scarcity of
sugar, this article has commanded a large share of the
attention of speculators; and although latterly there has
not been much done on English account, the transac-
tions previously were extensive, and the shipments of the
last month show an excess of 41,728 maunds over those
of October. For France and America there has also
been a large business done, particularly on the latter ac-
count. Chuprah and Allygunge have been taken most,
and only a small quantity of other descriptions, but all
at about former prices with one or two exceptions, in
which an advance is visible.

Whilst on the subject of saitpetre we may mention
that the mail just arrived has brought intelligence that
some supplies of the article had arrived in Liverpool
from Boston, United Stotes, in October, and more was
expected in consequence of the glutted state of the
American markets from the immense quantities that have
gone forward from this for some time past. This will
no doubt interfere with the direct shipment from this to
England and disarrange the calculations of importers at
home. This year, from Ist May last to the end of Oc-
tober, the exports have amounted to 77,053 maunds.
Rice—The business done in this article last month has
been upon very nearly the same scale as before. It would
have been in all probability mvch larger, as there was an
active speculative demand for the article before the mail
arrived; but the supply has been very limited, and has
consisted almost entirely of inferior qualities. Prices
remaid without change.
Raw Silk has continued in most spirited demand; but
the absence of anything like desirable qualities has
operated greatly against purchases, and the shipments
last month were a little more than one-third of those in
October.

Silk Corahs—The transactions in these goods were
likewise limited from the same causa which operated in
restricting, the purchases of the preceding article,
namely, the absence of the finer qualities. The demand
is very active, and prices remain unaltered.
_ _ _

Oilseeds have been taken extensively, and the ship•
ments of last month exceed those of October materially,
bet prices have undergone no alteration.

Shell Lac and Lac Lye—Several parcels of both ar-
ticles having arrived, transactions to a fair extent have
taken place, particularly in the former, but at prices that
show no variation from previous quotations. We have
not heard of any sal,s of the known European marks,
but we believe there has been some business done in
them, which has not come to our knowledge.
Safflower has been in good demand, but the absence
of the finer descriptions has kept transactions within
very narrow limits; prices are much the same as before,
but fur several kinds they are almost nominal, as there
has been no supply of such in the market.
Jnte—Notwithstanding the rather unfavourable posi-
tion of the home market, a slight decline in price led to
extensive transactions last mouth, at Compan)'s rupees
10 to 11 per bale, according to quality.
Hides—A large business has been done in this article,
consisting principally of slaughtered and dead green cow,
and some dead peen buffalo at previous prices.
Cotton has continued in active demand for the China
market, and the supply having become more abundant,
several large transactions have been reported.
We heard of no transactions in Agra or Cutchera.

Opium—ln const quence of the ;ambling transactions
that are going on amongst the Marwarco :,peculators,
the marks-t is rather in an uncertrin state, and fluctu-
ates three or four times a day, rising in one ;int t Ince
and falling i❑ another, but not to any great extent.
The cbject is obviously to force prices up. The pre-
f.ent quotations are as near as possible for Patna, Com-
pany's rupees 984 to 985 per chest; Benares, nominally,
Company's cupet s 990. Bargains for the next sale
have been made at Company's rupees 984 to 985 per
chest.

Indigo—The season has fairly opened, but as yet the
greater part of the sales have been effecteu by private
contract, taking into account, of course, the large quan-
tity suld in October.
The first public sale of the season took place on Mon-
day, the 2d inst. The second was held yesterday after-
noon, and on both tlese occasions 1,055 chests (the
whole quantity offered) were disposed of with great
spirit at an advance of fully 5 rupees per maund.
The third sale wsll take place on Monday next, at the
New Mart, and the fourth on Tuesday, at the Old Mint
Mart, but the quantity to be offered at each sale has not
yet been declared.
In the meantime we may remark that we have heard
of offers having been made for the only large parcel of
fine indigo that is now available, and should not be sur-
prised to find they are accepted before the departure of
the Express. The market has an upward tendency, and
there is every probability of a further advance if the
Exchange becou,es easier, as the French have scarcely
made any purchases yet, for until the receipt of the
steamers letters yesterday they were without orders.
Exports of indigo last month :—To Great Britain, 575
chests or 1,864 tads.; North America, 10 chests et: 26 mds.

Freights—The rates continued unaltered for some days
after the departure of the last mail, but business alto-
gether was evidently slack; subsequently, however, the
growing scarcity of country produce caused a material
chech in shipments, and the freight on sugar to Liver-
pool declined to the cxteut of 25.-6 d per cwr. For seeds
the demand for tonnage remained good; indeed, at the
commencement of the month an advance of 2s. 6d. was
established on this article to London. On the arrival of
the Express, consignees made a stand for higher rates
on sugar to bath ports, but they have been unsuccessful
as yet in securi❑g any advance, and on the whole the
rates to-dly are from 2.6 to 5 per ton under those cur-
rent when the last mail left, bringing our quotations
down to 21. 17s. 6d. for sugar to London, and 31. to
Liverpool; saltpe're 21. 12s. 6d. to London, and 21. 17s.
6d. to Live: pool, and other articles in proportion. For
detailed particulars we refer to our freight list in the
usual place.

ExChange—The market fur the present Mail opened
at 2 21 per company's rupee for credit, and 2-2 i for do-
cument bills ; but on the receipt of the news by the
Express, of a large amount of feuds coming out in
Company's drafts and bullion, drawers became more
firm„ and the business closed yesterday at an k to a
below these quotations. Bank post-bills have sold at
2-141 to to 2-4 i, according to amount. On China some
draughts have been negotiated at 223 to 225 per 100
dollars, and bills very scarce.

CHINA MARKETS.
(From the Overland Friend of China, Nov. 28.)
IMPORTS.

Canton, Nov. 26.—The scarcity of money, and high
rates of exchange, have had the effect of checking an
ott erwise favourable market; in the early part ot the
month unfavourable news from the disturbed districts
had also a prejudicial effect.
Shanghae, Nov. 13.—The high rate of exchange has
here induced large sales of imports at low prices, in order
to avail ot the favourable remittance; and the scarcity of
money has been a further inducement to diminish stock
in first hands.

At Amoy, Novembs,r 13, a fair credit business had
been done during the month.
Gray Shirtings, Canton—Sales have been effected to
the extent of 40,000 pieces at the following rates:-
64 reeds weighing 8i to 81 lbs. $2,45 to $2.55
66 „ „ 84 to 9n „ 2,60 to 2,70

70 to 72 reeds 9i to 94 , 2,85 to 3
At Shanghae—Sales had reached to 85,000 pieces at,
say—

5i catties 81,95-6 catties 82,10
64- „ 2,20-6 i „ 2,28
7 „ 2 „ 2,75
At Amoy-6,500 pieces ci 64 reeds had found sale at
2 dolls. 40 c. per picee, five months' credit. Stock say
3,700 pieces.

Quotations run 64 reeds 42,30 to $2,35
66 „ 2,40 to 2,55
nhLigshaeiresr2artGeeos
tthoan 2q,o7ootalions.
7 2 r.
Whitegdsfisnheiirntindger
cnda7,ll27ot
ported at 15,000
pieces. Quotations as follow:-
54 to 60 reeds, dolls. 2,10 to dolls. 2,25
64 to 6G reeds, dolls. 2,60 to doll,. 2,80
Superior, dolls. 3 to dolls. 3,20
At Shanghae—Sales amounted to 30,000 pieces at
following rates, vlz :-50's dulls. 2, 56's dolls. 2,20,
66's dolls. 2,75, 72's dolls. 2,85. Stocks of gray and
white, held by two or three houses only, about 380,000
pieces.
At Amoy-4,500 pieces of 60 reeds had found sale at
dolls. 2,40 per piece, five months' credit. Stock, say
5,700 pieces; quotations run:—
766264 reeds, ed s,
dolls.
222;855000
tttooodolls.
22%75055...
Cotton Yarn at Canton—Sales confined to 170 bales;
'market reported Arm. C 211040061 PaY, No. 16 to 24,

good water, dolls. 30 to dolls. 31; for Nos. 23 to 32,
dolls. 32 to dolls. 33; for Nos. 38 to 42, dolls. 34 to
dolls. 36.
At Amoy we bear of a sale of 150 bales of good water
at dolls. 301 per penal, cash in three months. No stocks
in first haLds. 16 to 24 reeds large hanks and good
water readily saleable at above rate.
Spanish Stripes, Canton—Sales of about 300 pieces;
market much depressed. Quotations 90 to 98 cents. per
yard and on to 1 doll. for favourite goods.
At Sbanghae—Market also very dull. Quotations for
best quality not over 1 doll. per yard.
At Amoy—Saleable at. doll. 120 per yard—no stocks,.
Long Ells, Canton—AbJut 5,000 pieces have chang,..3d
hands at dolls. 7.25. for best London packed assort-
ments. H and H H scarlets dolls. 7,65 to 8 dolls.

At Shanghae— Quotations for II II scarlet dolls. 7,30,
and medium quality dolls. 6,30.
At Amoy.—lmportations overland from Canton to
Chang-chow-100 had caused a considerable reduction in
prices, and rendered the market dull. HHs. are quoted
7 dolls. to 7,10, scarlet quoted 7,53 dolls.
Camlets,Canton—No transactions, quotations 19 dolls.
to 22 dolls. for English; 15.20 dolls. to 15,50 dulls. for
Du ch.

At Shanghae.—Sales small, quotations for English 22
dolls. _

Iron, Canton—Sales reported to extent of 6,000 piculs,
at say nail rod, 2i dells.; hoop, 2,30 dolls.; bar, 2,10
dolls. to 2-1 dolls. _latltet well supplied.
At Shenghae—Nail rod iron, quotations nominal.

Lead, Canton-1;200 piculs American sold at 6;70
dolls.

Shanghae—Pig lead, 61 dolls.
Tin, Canton—Tin plates, sales of 250 boxes—quota-
tion, 9:1 dolls.
Cotton, Canton—A large business has been done
during the month. Deliveries of Bombay 13,588 bales,
quoted at tads 7 6 to 8 and 8 6 S.P. for tine. Bengal
deliveries, 2,948 bales, quoted 8.3 to 9.3. Madras de-
liveries, 5,097 bales, quoted 8.5 to 9.5. American de-
liveries, 166 bales ; Shabghae deliveries, 100 bales.
Total deliveries, 21,899. 9,467 bales have been im-
ported during the month. Present stuck—Bombay,
26,592 bales; Bengal, 6,283 bales; Madras, 8,461 bales;
American, 34 bales; Shaughae, 350 bales. Total bales,
41,720 against 50,686 in 1849, 75,138 in 1848, and
92,204 in 1847.
At Amoy—Some inferior to middling Bombay have
been sold at 12 dolls. to 12 dolls. 10c. per picul. Clear-
ances from second hands have been fair. Quotations
are—Bombay, according to quality, 11 dolls, to 13 doll..
per picul; Bengal, 131 dolls, to 134 dolls.; Madras,
without seed, 13 dolls. to 13i dolls.
Stocks are—of Bombay, 700 bales; Bengal, none;
Madras, 400 bales; the two latter are readily saleable at
quotations.
Rice—At Canton is quoted Arracan, 1 doll. 30c. to
1 doll. 40e. per picul; Bengal, 1 doll. 80c. to 2 dolls.
per bag.
At Shanghae—Arracan is dull of sale at 1 doll. 35c.
to 1 doll. 40c. The arrivals during the month amounted
to 1,400 peculs.
Opium—At Canton, on the 27th, deliveries during the
month had been 1,056 chests Patna—last quotations
452i.d0115.; Malwa, 195 chests—last quotations 605
dulls.; Benares. 242 chests—last quotations, 4571 dolls.;
Turkey, 87 chests—last quotations 400 dolls. Total
deliveries, 1,580 chests. Total stock on hand, 3 427
chests, viz., 2,404 Patna, 333 Malwa, 408 Benares, and
282 Turkey.
At Shanghae—Deliseries during the month had been
of Patna 550 chests; quotations on 12tti inst. 473 dolls.
I❑ payment for tea and silk we hear of orders passing at
487 dolls, to 490 dolls.

. The market for Malwa is reported to have been much
&pressed during the whole month; total deliveries say
570 chests. On the 12th there was a good demand at
640 dolls. for first-class drug.
Stocks on hand say 2.300 chests Malwa; 400 chests
Patns.

Amoy—Quotations are—Patna, dolls. 495 ; best
Slalwa, dolls. 630; Benares, dolls. 510; Turkey, dolls.
475 to 480.

EXPORTS.

Teas, Canton—The following report embraces the
settlements of the month.

Congous-33 to 35 chops, at last month's closing quo-
tations, say 14i to 22 taels. Stock about 95 chops.
Souchongs-15 chops, at prices varying from 15 to 36
taels.

Flowery Pekoes—About 500 chests at 24 to 28 taels
for common and 38 to 42 for fine. 100 chests on hand.
Scented Orange Pekoel-2,000 half chests and 4,000
10-catty boxes at 16i to 26 taels for common to frir, and
28 to 32 taels for good to fine kinds.
Plain Orange Pekoes—From 3,000 to 4,000 packages
for America, at 17 to 18 taels. _ _

Plain Capers— 800 ten-catty boxes, at 171 taels.
Scented Capers-3,000 to 4,000 tau-catty boxes, at
16i to 20 and 32 taels.
Ningyongs and Oolongs, &c.-20,000 packages, mostly
on American account, at 16i to 2G taels. Stock 35,000
packages.
Canton Greens—Gunpowders, 5,000 packages at 134
to 13.1 taels tor superior, and 15 to 20 taels for common
to fair kinds.