The Sun.
London, England, 1857-03-02 00:00:00

M Y LIFE.

BOMBAY-LOCAL.

We are informed on good authority that Colonel
Sir Henry M. Lawrence has been appointed chief
commissioner iu Ou

COMMERCIAL INTELLIGENCE.
REPORT ON THE STATE OF BOMBAY MARKET FROM THE
16TH OF JANUARY TO THE IST OF FEBRUARY, 1857.
The Overland Mail from London of the 26th of De-
cember reacted Bombay at ono o'clock in the morning,
of the 22d of January per Peninsular and Oriental Com-
pany's steam-ship Singapore.
Our money-market during the fortnight has been, if
anything, slightly easier, and no further rise bas taken
place in the rates of interest ruling at the banks. On
the 16th ult. the Government opened a 5 per cent. loan
for three crores of rupees, no part of which can be paid
off before the latter end of 1871, but it is generally sup-
posed that the public wilt not contribute to this loan to
any extent ; therefore the Gover❑ment mu,t either open
a 6 per cent. loan or take 4 per cent. paper in the propor-
tion of one-half as part payment to the new loan to se-
cure the amount of money required.
We quote 5 per cent. paper at per cent. discount,
and 4's at 81/—few buyers.
IMPORTS.

Cotton Piece Goods.—The market in.general may be
said G be in the same favourable position as we last
noticed, and the business done has been to an extent
that shows that operations have been conducted with
activity. Grey long-cloths have changed hands at ad-
vanced rates. Grey domestics have also shown a slight
improvement in prizes ; inferior quality is in little re-
quest. Grey jaconets have realised from 10r. to 12r. for
pick goods. In grey shirtings, 40' and 45 inch makes,
the prices have somewhat advanced. Grey T-cloths
have had a fair amount of business transacted in them,
the market not being well supplied. In grey madapol-
lams, a'so, the business done has been to a fair extent.
Bleached and Fancy Goods.—L Ippet scarfs, 21 yard
goods, aro much in request, and fetch if. 4an. per
piece. Book mu:lins are dull of sale. Of lappets, though
the stocks are not heavy, no advance in price has been
reported ; coloured lappets also show no improvement in
the rates. Bleached madapollams are difficult of sale and
bleached jaconets have been sold to a slight amount.
Cotton yarns remain steady as last reported.
Metals—lron is in moderate inquiry. Nail rod, sheet,
and hoop are in fair demand, while Swedish bar may be
said to be firm. Pig and sheet lead, and tin plates are
scarce. Spelter has advanced.
Marine Stores.—Of canvas stocks have been much
reduced, but the prices do not show any improvement as
might have been anticipated. Twine is evidently im-
proving, though cordage is rather dull of sale.
Cochineal—No sales have been reported during the
fortnight.

EXPORTS.
Cotton Wool—The market has risen up from 4r. to
sr. per candy on goods of all qual,, ovving to the
prices ruling in England. We quote el,l Dhollera at
121 r. to 122 r., new, 123 r. to 124-. ; new Surat and
Broach, at 127 r. to 128 r. ; Oarnrawutty, at 122 r. ; Can-
deisb, 115 r. 0 11Gr. ; eawt.inned, 126 r. to 127 r. ;
Compta, 118 r. to 119 r. ; and I\labgarole, 112 r. to 113 r.
Oil soeds have undergone no change in prices, but re-
main firm. Linssed, however, is a little lower in value.
No transactions have been reported in rapeseed, though
teel has changed hands from 22 r. to 231 r. per candy.
Opium—This article has further declined since our
last, and we at present quote the drug at 925 r. to 930 r.
per chest.
Tonnage—Since the arrival of the last overland mail
the rates of freight have adval cod from 3/. 2s. Gd. to 3/.
ss. per ton for Liverpool, and 3/. to 3/. 2s. Gd. for Lon-
don.

Exchange—Owing to the continued heavy receipts of
bullion from Europe the rate has given way, and bills
have been sold as low as 2s. 11(I., but latterly first-class
paper has been done at 2s. lid., and local bills and docu-
ments at 2s. 21. Court's bills on Calcutta, 60 days'
sight, 081 ; Madras, 30 days' sight, 98; ; China, GO
days' sight, 2111.

THE CALCUTTA MARKET.
(From. the Calcutta Englishman of Jan. 23 )
Since our last report of the Bth inst. we have been in
receipt of intelligence from London via Bombay to the
10th ult. The steamer Bengal, with the mails, was an-
nounced the evening before last, and came to her moor-
ings yesterday afternoon. The ad vices by the London
mail of the 26th ult. were received here this morning by
electric telegraph from Bombay.
Our advices from China received via Bombay extend
to the 30th tilt. No material change hal taken place in
the state of affairs in that country, trade being entrely
suspended at Canton and little business doing at Hong
Kong. The news of the total destruction of the foreign
factories at Canton by fire given in our last issue has
been confirmed.
The inter% al that has elapsed since the dewatch of
the last mail has not been marked by much activity in
our produce market, which has continued, generally
speaking, in much about the same position. The low
stacks of our staple articles and the comparatively higher
prices ruling in our market have confined operations to
a smaller scale than the favourable advices received from
home would have led us to expect. Indigo continues to
move off steadily at the decline last quoted. Raw silk
has been in bettar favour, but very little business doing.
Corahs have been rather flat, the amouLt of transactions
during the past fortnight being very limtied. Saltpetre
has not been generally dealt in, in consequence of high
sugar for Great Britain. Hides
ten-
dency in value. Jute still commands extreme figures,
demand with an upward pr prices,
continue Li
ni ttvl Le
rdyo i
ancgt
iivne
but we have little of fine quality offering. In oil seeds
a small business is in progress for the British markets.
Rice has been easier and supplies more abundant. Wheat
rather drooping. Au improved demand has prevailed

iln a s)o-rt market a better feeling has been ob-
served the fortnight under review. The nature
fur cot
duo
rur
r ioi
tn:dg
of the advices from the upper and north-west provinces
for, British cotton piece goods being more favourable,
coupled with moderate stocks in our markets, has in-
duced dealers to extend their operations, and larger pur-
chases bad been made of grey goods, in some instances at
higher figures. Grey shirtings have been in better in-
quiry and value has improved. Gray jaconets and ma-
dapollams have continued to sell freely, the latter at a
slight advance. In white there has been no alteration,
the demand being very limited. Turkey red goods are
gradually improving. A. better feeling has been displayed
for mule twist, but no improvement in prices has yet
taken place. Nothing has been done in inetal4.
Money Market—On the day our last mail closed the
directors of the Bank of Bengal raised their rates of in-
terest and discount t NO per cent. all round, making their
charge for loans on deposit of Company's paper 8 per
cent., and of other goods 9 per cent per annum. Yester-
day again the Bank's rates were raised further 1 per cent.
all round, and it is evident that money is getting dearer
in the market, and we shall soon be in a lees favourable
position
than we are at this moment. The event of the
fortnight, however, in coun(edion with our money market

has been the chAng of the 41 per cent. Government
Loan, and the opening in lieu of it on the 1650 10,4. of a
5 per cent. Loan. The fertnei financial measure of our
Government has proved whit it was generrl'y expected
failure—Lthe total amount subscribed in all thn pre
sidencies, it is said, scarCely.excee'ding 20 lacs. ; The
amount now repaired at 5 per cent, is three core,,,
which wilt not be paid off for -16' years. The._ prbse!,t
loan does mot seem Wawa with much 'favnar in general,
and there- seems art opinion prevel:nt among persons
well acquairlted with the present state of ino'netary mat-
ters here that Amin share the same fate as its predeces-
sor, and that Government will be-ultimately compelled
to adopt vfhat fai been so repeatedly_iirged—i. e ,
receive from subscribers amoiety in cash
.0.40 the -
moiety in 4 per Cents, at par. "We are inf.rmed th
to the present moment a very small amount has
pail into the Treasury on account of the new 5 per,
Loan.

By the last published statement of assets and 1,
ties- of the Bank of Bcoga.l for t'ie week ending o
14th inst it appears, that the calls on the hank bol
cash and other acqommodation have been on the inc
lately, the amount of silver having decreased
108,12,357 r. 10 s. Ip. on the 31st ult., to Curni
rupees 98,50,406 7a. -4P., ancl_tlie loans .On dep,
seeuritie having increased from 170,20,224 r. 14a.
182,39,909 r. 2a. 10p.
Shares—We have scarcely bad any alteration i
value of any joint-stock shares. Bank of Benga,ls cot
at 6,500 e. ; Bengal Coal Company's at 1,300 r. ;
tugs at 1,150 r., and India General at 1,125 r.
Indian Railway Company's shares havelslightly den
being now worth 227 r. to 229 r. per2o/. share. ,
Government securities continued to rule at the
rates as at the date (Cour:last until the announc
of the Government 5 per cent. Loan, when he ye
all descriptions of paper gave way ; and we no.v
Convany's Fours at 17r. Ba. ; Siena Flurs at 13r
arid Company's ‘^<Sts alai

othei
•
lat up
beep
!cent,

aisj 1; -
bt thti
h for

rease

from,
any's-
.it of
Lp. to

l the
tinue

;ear-
East
ined,

same
;meet
lue of -
ringte

, purch-aseri fur the 41psi cents.,
which might I.ae -quoted at 10 per cent. dicouut. The
operations on the whole have been on a limited scale.
Exchange on London—A good business was done at
slightly lower rates, credits having been 11. eed at 2s.
2id. to 2s. 21d., and documents at 21. 2:ld per rupee,
out the last two days the first-named class of papers has
again been sold at 2s. 21d. to 2s. 2-gd. per rupee, which
may may be considered as the closing rates.
On China-Some 60 days' sight bills were negOtiated
at 211, but since the .o.pium sale of the 12th inst. 210 r.
per $lOO have been accepted by sellers, and a fair amount
of transactions took plice at the last named rate. ,There
being, however, very few buyers, sellers have given way,
and some business has been done at 205 r. per $lOO.

Freights--The engagements during the past and pre-
sent weeks have been extensive in comparison with the
moderate supply of tonnage now ava lable, many vessels
long overdue not having made their appearance yet.
Shipments of rice to Great Bri.ain have been resumed
with activity, the rates to London varying from 3/. 10s.
to 31. 15s. ; and to Liverpool 3/. to 3/. 54 per ton ; and
3/. 15a. to 4/. for seeds to the former place only. We
hear of a vessel having been retailed for America at sl2i
per ton, but there is no active demand for tonnage in
consequence of the accumulation of a large number of
chartered ships at $l5 to $l6- per ton, which are being
loaded on account of the charterers. Nothing has been
done for the West Indies orAustralia, nor any ship taken
up for Mauritius since our last. Some inquiry has pre-
vailed for loading at Arracan and the Burmah coast,
but as the accounts from the former place for grain are
rather discouraging, and shippers ask a long period for
loading, few ships would be prevailed upon to enter into
engagements, more especially as our supplies of produce
are bcoming more abundant. No ships have been taken
up for France or the Mediterranean, and we have had
but few charters for other places during the fort-
night under review—i. c., Robert Morrison, fur Bombay,
for 9,250 r. ; Capabiribe and John Tempesley, for Ham.
burg, at 4/. 6d. all round ; henry and Oscar, to Ar-
racan and thence to Hamburg, at 41. 15a. 6d. adround ;
Arracan to Hong Kong, Macao, or Whampoa, to load
with rice at 85e. a bag.

THE FIVE PER CENT. LOAN.
( From the Calcutta Gazette Extraordinary.)
Notification No. s.—Fort William Financial Depart-
ment, Jan. 16.—Notice is hereby given that the Sub-
Treasurers at Fort-William, Fort St. George, and Born-
bay, the several residents at naive Courts, atand the seve-
ral collectors and other officers in !charge of
_treasuries
under the several presidencies and government, and in
the provinces subordinate to the Government of India,
have been authorised to receive from the date of this
notification any sums of money in even hundreds of not
less than 500 of Company's rupees, which may be ten-
dered on loan to the East India Cmpany, at.an interest
of 5 per cent, per annum, subject to the proviiions here-
inafter specified.
Toe promissory notes of t his loan shell not be renewed,
subdivided, or consolidated, except by the Ace )untant-
General of Fort-William. The practice and rules
heretofore in use in regard to the renewal, subdivision,
and consolidation of promissory notes will be adhered to.
Tbis loan is limited to three crores of rupees. No
part of this loan will be paid off before the 16th of Jan.,
1872, nor without a previous notice of three months, to
be issued at any time after the 15th of Oct., 1871.
The Four-and-a-Half per (Cent. Loan, opened under
notification dated the 30th of Aug., 1856, is closed from
this date at the Public Treasuries in Calcutta, and at all
other treasuries under the several governments, from
date of receipt of this advertisement, after which dates
no further subscriptions to that loan will be received.
Published by order of the Right Hon. the Governor-
General of India in Council.
C. HUGH LUSHINGTON,
Secretary to the Government of India. •

SHIPPING INTELLIGENCE.
HONG KONG, JAN, 15.
ARRIVALS FROM GREAT BRITAIN. _ .

At Hong Kong.—Dec. 11, her Majesty's sloop Acorn, j
from Plymouth ; Dec. 15, the Herculean, from Liver-
pool ; Dec. 24, the \Vagoola, from Liverpool; Jan. 1,
the Regina, from Hartlepool ; Jan. 2, the Hero, from
Liverpool ; and the General de Stures, from Hartlepool;
Jan. 13, the Assays, from London.
At Whampoa.—None. •
At Shanghai.—Dec. 12, the Arrow, from Liverpool ;
Dec. 18, the Crystal Palace, from London.