The Sun.
London, England, 1851-07-29 00:00:00

COMMERCIAL INTELLIGENCE.

(From the Calcutta Overland Price Current, June 12.)
With the mail per Haddington, which arrived on the
2d inst., we are put in possession of London dates to the
24th of April, the mercantile intelligence of which is
thus far of a less unsatisfactory nature than its predeces-
sors were for some time past, by some indications of
the re-establishment of confidence, and the consequent
tendency to more firmness on the part cf holders ar-
resting the downward progress of prices. This news
has hitherto remained without having any material effect
upon our produce market, prices for most leading staples
ruling much the same at the time of cur last issue,
with rather more business doing, though wanting that
general spirited activity calculated to impart to values a
rising tendency.
Our import market continues, we are sorry to say, in
the same unsatisfactory state in which the last mail
left it. In fact our market for cotton goods has become
somewhat worse, and indeed, until the uninterrupted and
heavy flow of imports becomes checked, we can see no
prospect of improvement. Large sales of heavy goods
are daily made at constant downward tending prices.
This tendency of the market is increased by the
large quantity of damaged goods thrown upon
it through the medium of unreserved public,
auctions. So large a number of ships arriving with par-
tially damaged cargo has not been known for several
years. A sale of no less than 600 damaged packages
belonging to one firm takes place to-day. The only point
in favour of importers is the rate of exchange, which
has iu the course of the month given them an unexpected
advantage in remitting of 2 to 4 per cent. Grey shirt-
ings continue to sell on a large scale, but at a further
small decline in value. White shirtings have been placed
to a greater extent than of late, but at most unsatisfac-
tory prices, and in some instances at the same rates at
which tho unbleached article sells for. White figured
shirtings are in better inquiry. Nothing is being done
in cambrics. White twills remain in limited inquiry,
and as depressed as ever, but their season is now near
at hand. Grey madapollams move off pretty freely, but
stocks in first hands are accumulating; 3,000 pieces of
white have been placed at 2r. sa. 6p. The sales of grey
jaconets have been less than they were last mail; white
medium qualities sell, but at poor prices; finer fabrics
meet with little attention. All descriptions of lappets
are extremely difficult of sale, and the inquiry is
chiefly directed to the power loom sort. Large sales
of book muslins have been made for export to Ran-
goon and Moulmein per steamer. Mull-mulls remain
dull. Turkey red goods are but in moderate demand.
Tlae reason for prints and chintzes has not yet commenced
A fair-amount of business has been done in mule twist,
but at lower rates. Turkey red yarn has also given way
a trifle. The copper market is not brisk, but the value
of the metal has been pretty fairly maintained. Trans-
actions in iron have been very limited. 4,300 maunds
spelter are reported as sold at Ct. Rs. 6-10 to 6-12. Lead
and tin plates are without report of sale.
Our money market has continued to develope more
ease at unchanged rates of discount, while the extreme
pressure in the bazaar seems by slow degrees to subside.
The transactions in home exchange have not been ex-
tensive, and rates have ruled at 2-1/ to 2-14 for six
months' sight credit bills, and 2.14 to 2-14 for document
draughts; many sellers have for some time hesitated to
negotiate, in expectation of getting better terms. Yes-
terday, however, American credit paper was more freely
offered, and we heard of sales at 2-14, which rather
easier figure has had a corresponding effect upon docu-
ment bills, as evinced by the favourite class of them
being less easily placed at 2-li, at which they were pre-
viously mere current. Freights have declined about 7-
6 per ton.
Freights—Several ships have come in, and exports
going forward on a very moderate scale, the rates of
freight have given way to the extent of about 7-6 shil-
lings per ton:—
To LONDON. To LIVERPOOL.
£a. d. £s. d. £s. d. £s. d.
Saltpetre 310 oto 0 0 0 3 0 oto nom.
Sugar ... 310 o—3 15 0 3 0 0— 0 0 0
Oilseeds ... 4 5 0— 0 0 0 4 0 0— 0 0 0
Hides ... 4 0 0— 4 5 0 4 0 0— nom.
Jute ... 315 0— 0 0 0 312 6 0 0 0
Raw Silk 410 0— 0 0 0 4 0 0— 0 0 0
Indigo and
Silk Piece 410 0— 0 0 0 0 0 0— 0 0 0
Goods...
Shell Lac 4 0 0— 4 0 0 0 0 0— 0 0 0
Lac Dye... 4 5 0— 0 0 0 0 0 0— 0 0 0
Rum ... 415 0— 0 0 0 0 0 0— 0 0 0
To MAURITIUS.
Rice ... Co.'s rs. 1100 to 1 12 0 per bag payable
there at 50 cents.

To CHINA.
Dolls. Dolls.

Cotton ... ... 3 oto 3/ per bale to WhamPos•
Opium ... ... 7 0-12 per chest.
MONEY MARKET.

CURRENT VALUE OF GOVERNMENT SECURITIES, BANE

STOCK, &C.

Transfer Five per Cents. Rs. 6 8 0 to 7 0 opm
New Fives ... ... 3 0 0 to 3 8 0 pm.
Sicca ditto ... ... par.
Co.'s Rs. Four per Cent. 10 0 0 to 10 8 0 dis.
Sicca Rupees ditto ... 12 8 0 to 0 0 0 dis.
Bank of Bengal Shares

Co.'s Rs. ... —.2,250 0 0 premium.
Agra Bank ditto ... 25 per share dis.
Simlah Bank ... ... nearly par.
Bonded Warehouse Shrs. Co.'s Re. 200 each.
saleable.
Steam Tug Company ... V t 400 ,t
India General Steam
Company ... ... t 1 200 „ ;no inquiry
New Oriental Life Insur-
ance Company ... ~ 550 „in demand

(From the Bombay Times.)
REPORT ON THE STATE OF THE BOMBAY MARKETS,

FROM THE 7TH TO THE 24TH JUNE INCLUSIVE.

BOMBAY, TUESDAY EVENING, JUNE 24.
The money market begins to assume the usual easiness
of the dull, or monsoon, season, and money is very
abundant in the Bazaar. Government Securities and
Bank Shares look upward in value, and may be quoted
at—Transfer Loan, 115; New Fives, 105 to 1051; Sicca
Fives, 107 i to 108; Company's Fours, 92k; Sicca Fours,
96*. Bank of Bombay Shares, 20 to 21 per cent. pre-
mium; Oriental Bank, 15 per cent. discount; Com-
mercial Bank, 10 per cent. discount; and Agra
Bank par.
Since our last report little change has taken place
in our import market. In exports more has been doing
—chiefly in cotton.
Cotton piece goods, in consequence of the setting in of
the monsoon, have been neglected, as is generally the
case about this season of the year. The only article in
any inquiry seems to be 45-inch grey shirtings, the stock
of which is small—except the low middling qualities of
lappets, which aro in good request. Fancy goods
are dull.
Exports—Cotton Wool—For a few days following the
date of our last report the market was very quiet, and
on the decline, when a firmer tone was given to it by
some purchases bring made by Dhollera and Compta
to the extent of 4,000 bales, at 90r. and 88r. respectively
for Great Britain, and batter accounts from China being
soon after received, a rise took place in prices. Native
shippers have made purchases to some extent for China,
while all transactions for Great Britain seem almost
entirely to have ceased, as under the circumstances
might be expected.
Opium—Until the receipt of advices from China on
the 18th instant, the market continued quiet. Higher
prices were asked, but transactions have been limited,
in consequence of the inferiority of the article, Only
896 chests were taken to China by the last steamer, and
1,056 chests by the brig Bride to Woosuag.
Freights—Our stock of tonnage has been materially
increased by recent arrivals, and rates of freight have
in consequence fallen. For Great Britain very little is
offering, the rise in the price of cotton having put a stop
to shipment. To London, 21. ss. per ton; to Liverpool,
21. ss. to 21. 15a. per ton, according to requirement of
cargo. To China freights have been as low as 12r. per
candy; but since better accounts for cotton have been
received, they have gone up to 14r. to 15r. per candy,
at which a large amount of tonnage has been engaged.
Exchauge—The rate on London for first-class bills
may be quoted at 2s. lid., and first-class local bills, 2s.
*d. to 2s. 10. for documents.