The Sun.
London, England, 1859-04-13 00:00:00

£154 10

In other words, the company has divided 50 per
cent. per annum for three years. It may be said
this profit is temporary, but that is only partially
true. The company will not again make 160 per
cent., but they will make 60, and any number of
companies would make 25. There is no limit to
ersoind ee
is e s
the demand, and can be none while there is
X 16,000,000 worth of produce to come down the
river, and £8,000,000 worth to go up, besides the
E
connected with two armies and four
Presidencies
each containing kingdoms. Nothing
is so thoroughly- misunderstood in England as the
returns obtainable and obtained for capital in
Bengal. The single fact, however, that 10 pei cent.
is the minimum rate of interest for capital not in
Government securities, on absolute security, such
houses, land, or Government paper, may con-
vince them there is some difference between our
market rates and those of London. •
The determination to double the existing Cus-
toms' duties will be announced on the 13th
instant, and, I understand, the main features
of the new tariff will be as follows :—Man-
chester goods to pay 5 per cent. ; tea, coffee,
tobacco, spices, haberdashery, grocery, and
some other articles, 20 per cent. ; malt liquor,
4a. (6d.) a gallon; wines, 2r. a gallon; spirits,
3r. a gallon ; and everything not mentioned 10
per cent. ad valorem. In exports, bullion,
horses, cotton, sugar, tobacco, rum, and raw
silk are made or left free, while a tax
of 2a. (3d.) per maund of 801 b. is placed
on all grains ; 4 per cent. on lac dye, and 100 r.
a chest on Malwa opium, which. is not, be it
remembered, a monopoly. These measures, none of
which involve any injury to trade, or the slightest
popular feeling, will produce, it is calculated,
£1,300,000, an addition of real value. The rates
quoted have been adjusted with remarkable skill,
and I question if there will be any public opposi-
tion.

COMMERCIAL.
CALCUTTA, MARCH B.
THE PRODT.7CE I‘IARICET.—We have very little change to
report from our last. Two native holidays and rainy stormy
weather have caused a cessation of business. The aspect of
the market here is generally dull. Sugar—Bombay demand
has ceased ; prices easier. Saltpetre lower ; 5 per cent. re-
fraction quoted at Rs. 92. Rice—Table sorts for Great
Britain a little higher. Monghy : nothing doing. Raw
silk filature lower by 8 as. ; native neglected. Corahs a
shade lower, and less inquired for. Shellac firm, at high
prices. Lac dye : no inquiry. Hides unchanged, and less
inquiry. Jute good, sought for at full rates; large quaff.
tities shipping. Cutch lower. Safflower none. Linseed
slightly lower. Rapeseed firm.
TILE IMPORT MARKET.—The depression reported in our
last for almost all kinds of piece goods continues unchanged,
and for fine goods we quote lower prices. In yarns the
demand is falling off, and prices are drooping, and though
quotations are now low the market has a downward ten-
dency.
MONEY MArxrr.—Money is plentiful in the bazaar, and
discounts easily obtained at lower rates than the Bank of
Bengal. The Government credit remains as low as ever,
and wo have no payments into the Treasury on account of
the loans to report. The Bank rates of discount and margins
on Government securities remain unchanged.
GOVERNMENT SECURITIES.—The course of the market
for these securities has not been favourable ; prices have
settled at our quotations of 23 'per cent. discount for 4 per
cent. Government paper, and 12.8 for 5 per cent. paper.
ExcnANGE.—The rates are a shade in favour of the
seller. Credits at 2s. lad. to 2s. 11d. Documents 2s. 11d.
to 2s. 11d.
Freights remain very dull, with a downward tendency.