The Sun.
London, England, 1857-10-16 00:00:00

pany's stfamehip Hindostan arrived hero, bringing
London advices to the 26tli of 7uty Nat. —Th. commervial -
intelagence not of a nature to cause improvement
in our trade, which has continued suffer from the
effects of the great crisis thiough which this country is
now passing.

By the Fiery Cross we: have been in receipt of ad-
vices
,frpm Kong Kong to the 14th ult. Beyond the
blockading of the Canton river by the English Admiral
nothing' or consequer.ce bad occurred there. Opium had
adVanced, and last quotations were $592 fo Patna, $585
to $590 for Brniares 'and $605 to $6lO for Matwa
Ben;al 'cotton $l2 Lo'sl3, and Bombay $l3 to $l4 per
picul. Rice bad improved, and Bengal was worth $2-80
to $3. Saltpetre,. s9i to slli ; copper cash, $l5l, to
$l6 ; cassia, $l4 to $25. Ex:ilaange on London, 43. 11.1 ,
and on Calcutta 2244 r. to 225 r. per $lOO,
Since our last report we have experienced increas-d
tightness, and the refusal Of the Bank:of Bengal to ad-
vance further loans on deposit of Government securities,
except to approved customers, and that, too, not to a
largo extent, has caused' much embarrassment in com-
mercial gnat-ler:I: It is evident the bank hits beeq forced
to adopt such a course, the state of its finances and the
gradual reduction of the amount of cash not permitting
indiscriminate advances. - How lung matters are to con-
tinue in: their present state it is difficult to foresee.
The Bank cf Bengal rates have been fixed at the last
meetirg of the directors as follows :—Diecou ut,— Private
bids and notes at or within 3 months, 11 per cent ; Go-
vereraout acceptances not having more than 30 days to
rue, 9 in. ; Mint certificates, 5 do. ; Ditto, ditto, having
lees then 7 Jaye to run, par. Interest eharged,—p,,
fix-d loans and ce-sh credits not exceeding 90 days, on
dep At of-Company's paper, 10 per cent. ; Oa deposit
of goods, 11 do.
Rates of Advance.-4 per cent. stock reqipte, Sa. ru-
pees 100, Company's rupees 80 advance ; 4 per cent
Company's paper, Sa. rupees 100, Company's rupees' 80-
'
advance • 4 per cent. Company's paper, Compy s ru-
pees 100, 75 advance ; 5 per cent, Company's paper,
Company's rupees 100, 85 advance.
Government Securities—We regret to observe that
the increased tightness of the money market and the
refusal of the Bank of Bengal to grant accommodation
on deposit of Government securities unless the parties
be approved by the directors, have combined to depre-
ciate further the value of all securities. There are very
fe,v purchasers is the market, and ge no large sales
can be effected under the existing circumstances, un-
less at a heavy sacrifice, holders are prevented from
offering freely, and this has helped to check a greater
fall in the ratee. Oa the whole, the position of this
market could not have been wore unsatisfactory, and
it is difficult to foresee what changes will take place
iu future. We quote Four per Cents. at 25r. and
Five per Cents. at Ilr to 12r. per cent, discount. No
thing doing in Four-aud•a-Half per Cents., which cone
wand a nominal value.

Exchange—On London,---The market for the mail
opened at 28 2ad to 2s 21d fur American and other first
class credits ; some bank bills wore also sold at the same
figure, when the rate adOanced rapidly to 2s 3J, and
latterly 2s 3,W, which is to-day's quotation for first-class
six mouths sight paper, and even at this high figure it
wou d be difficult to plage a large amount, owing to the
scarcity of money. Document bills have been sold at
about jid to 4il over credit rates. On China—Some
transactions took place 'at 215 r. for $lOO, but owing to
the dern.rud fur bills the rate declined t) 210 r.,
at which about tho last transaction took place.