The Sun.
London, England, 1857-05-18 00:00:00

COMMEBCIAL INTELLIO ELCE.

BO Al BAY, APRIL 13.
A further improvement has takea place in our money
market during the fortnight, and the Bankil have again
reduced their rates of discount 1 per cent. all round,
which now range from 4 to 8 per cent. and as bullion in
quantity has arrived and is abiut to arrive, we are of (.pi-
nion that low rates of interest mustrule for some time
to come. •

We have to report a further rise in per cent. paper,
which we now quote 86 and fives par to I premium ;
some few of our local joint stock shares have also im-
proved in value.
Imports.— Cotton Piece Goods.—The market has un-
dergone little or no change since the date of our last
report, and the rates continue firm. The business trans-
acted during the fortnight has been to a fair extent.
Grey Shirtinge, low, are in active inquiry ; Madapol-
lams are stea,,ly ; and pa,neBtic., are without any
noticeable charge. T. Cloths and Cambries are Pearce,
and prices in e9usequeneo have advanced. Grey Jaco-
nets are in steady inquiry.
B!eaching Goods.—ln this market we have had no
noticeable change in the course of the fortnight.
Yarns continue rather firm; are of some sorts in bet-
ter demand, and have advanced in prices.
Metals.—The,e continue nearly firm, with one or two
exceptions.
Exports.—Cotton Wool—This material has further
advanced, though the arrivals appear to be larger than
before.
Oil Seeds have la,lely declined a little, from one to two
Opium.—This drug hag improved in value, owing to
the smatinees of the stock and otter MING We quote

at Indore as Its. 1,060, and Mundlesir at Rs. 1,070 per
chest. The steamer Pekin, which etarte this day for the
Chinese ports, take above 1,100 chests on board.
Tonnage.---Freights have gone down in value, and
still exhibit a downward tendency. We quote London
at 21. 15s. to 31., and Liverpool at 21 13s. 6d. to 21 17s.
Exchange.—Two banks have been drawing for this
steamer at 2s. lid. six months' sight, China drawn bills
fetching 2s. 1 11-16thd. to 2s. lid., and local bills and
documents, 2s. lid. to 2s. IZ-d. On Calcutta, sight,
Rs. 100 g. On China, sixty days' sight, Rs. 220. On
China, sixty days' sight, Rs. 99k.

_
CALCUTTA, APRIL 3.
In our produce market, transactions during the fort-
night under review have not been to any extent—not
tbat a good demand does not exist for our leading
arriclee, but owing to the rather large advance in '
freights, and the still higher prices of produce, which
have ruled since our last report. Those articles,
hOwever, which are not much affected by the advance
in freights, have continued in brisk inquiry, more
espscially as our exchange has assumed a down-
ward tendency. Very little has beep done in indigo,
of which the greater portion of the past season's crop
has already been exported. A n excellent, though not
general demand, bat, prevailed for sugar at enhanced
prices. A good business has been done in saltpetre, and
the market closes firmly. Raw silk continues in great
favour, but the extraordinary high figures paid for the
article renders buyers less sanguine. In corahs, nothing
has been done. Hides continue to sell, but without any
alteration in prices, excepting indifferent qualities,
which are lower. Jute in moderate request, and not
much offering in the inaiket. Linseed is freely taken for
America, but for Great Britain a moderate business in
progress. Lac dye and shell lac are not much dealt in.
Our import market, eepecially as regards British
cotton piece goods, has scarcely shown signs of activity.
At this time of the year, the market generally remains
languid, nor bas the present season been an exception.
The approacbing termination of the native year, the in-
different advices from the marts in the Upper Provinces,
and the accumulation of many descriptions of cloths,
have ell combined to restrict operations, although facili.
ties are greater, owing to the improved. state of the
money market. Under such ciicumetances, we have but
a very moderate amount of transactions to report.
Metals have attracted greater attention, and under the
influenee of a better demand, a firmness has been im-
parted to the market, and in many instances prices
have taken an upward tendency.
Money Market—The improvement noticed in our last
continues unchecked, and confidence is gradually gain-
ing ground. On Thursday last the directors of the Bank
of Bengal reduced their rates of interest and discount
one per cent. all round. The banks's last statement
of liabilities wit' assets for the week ending on the I=t
inst., compared with the statement given in our last,
shows a decrease of cash from R. 89,34, 19010 to Rs.
87,62, 005-8-3, although the amount of Mint Certifi-
cates has increased from Rs. 14,00, 810-12-6 to Be.
48,84,475-10-4.