The Sun.
London, England, 1857-10-28 00:00:00

CALCUTTA MARKET.

CALCUTTA, Sept. 24.7—Since onr last issue under data
the 9th instant. we have been in receipt of L',ndon ad-
vices to the 10th ult., by the P. and 0. Clompany'w
steam ship Nishie. The commercial intelligence can
hardly be said to have produced any effect on our trade,
which cannot be expected to experience any marked

improvement so long as affairs in up-country in general
remain in that deplorable and disorderly state as for
some time past. The operations, therefore, during the
past fortnight have again been on a very limited scale.
Oar produce market has continued without any alte-
ration, irregular supplies, high prices of many staple ar-
ticles a tight money market, and a gradually advancing
exchange, all having combined to curtail operations for
the British markets. Very little has been doing in sugar.
Saltpetre lower in value, though stocks very small. No
change in rice. Raw silk has declined considerably. A.
small .business has been done in CJrahs, at reduced rates.
Linseed in better demand, and prices higher. Jute
lower. Lac dye unaltered. Shell lac continues in good
demand. Castor oil higher in value. Nothing done in
cutch.

The improvement in our Import Market, which we
reported in our last, though partial and caused by in-
creased local demand, has continued, and holders have
been enabled to effect sales in some instances at en-
hanced prices. But in the absence yet of an inquiry for
the Upper Provinces, the transactions must be con-
sidered limited, and the improvement temporary. Native
dealers have been more eager purchasers of grey shirtings,
jaconets, and madapoilams, but as the annual Doorgah
Poojah holidays commenced yesterday and will continue
for nearly a fortnight, the interval till the departure of
the next mail will be marked by a total cessation of
business. Figured shirting., and brocades have likewise
been in better request, at improved figures. The favour-
able position of the twist market has been maintained.
In metals the transactions are still confined to small pur-
chases for local requirements. Little doing in salt.
MONEY MARKET.—Although there has been no altera-
tion in the rates charged by the Bank of Bengal, the
position of this market at the present moment must be
considered more unfavourable than at the date of our last.
The difficulty experienced in obtaining accommodation
on deposit of undoubted securities, even at a very high
rate of interest, has caused much embarrassment among
commercial authorities. The Bank of Bengal authorities
continue to decline granting loans on deposit of Govern-
ment securities, except to parties of undoubted credit,
and then even in moderate sums and at mach higher
margin than what has been fixed by themselves. We
understand in the Bazar Native capitalists have obtained
as high as 2or 3 per cent. pt r month by advances in
opium ;
the exceptions, and not the rule. By the last statement
of liabilities and assets of the Bank of Bengal for the
week ending on the 16th inst., we observe that the
amount of cash in the Bank has further declined from
77,12,305-4-2 on the 2d instant to Co.'s Rs.
58,53,409-6-6 which is about a third of the amount in
the Bank this time last year. The decrease has been
gradual for some time past, and might prove a source of
embarrassment to the Bank if not checked by timely
relief. We hear the Bank authorities have laterly de-
clined to discount even Mint Certificates and likewise
Government acceptantances having 15 days to run.
JOINT STOCK SHARES.—The position of the money-
market, and the inability of the Bengal Bank to advance
further on government securities, has naturally tended
to depress the market for joint-stock shares generally.
Holders, however, are not inclined to make sacrifices,
and the majority of our companies are in a sound and
satisfactory position. Bengal Bankshares can scarcely be
sold at our quotations. Agra Bank scrip is in favour.
Some North Western Bank shares have been soli at a
lower rate, the assets of this bank having been over
valued in the last half-yearly retuens. In Bengal Coal
shares or East Indian Coal shares we have heard of no
transactions. The dernan for Goal continues extensive,
the requirements of the Government and the railway
company being large. The India General has declared
a dividend of 80 rupees per share for the past half year,
and our quotations are ex dividend. The Steam Tug
Company has likewise a dividend of 60 rupees a share
for the past half year, or equal to 12 per cent. per
annum. In Ganges shares nothing is doing, and they
are in less favour.

GOVERNMENT SECUEITIES.—The difficulty and in
some instances the impossibility of raising money for
immediate purposes on deposit of these papers, by which
holders have been placed under the necessity of making
heavp sacrifices to supply their wants, has had the effect
of causing a further depreciation in the value of all de-
scriptions of Government securities since our last. We
understand Co.'s Four per Cents, were placed as low as
rs. 34 per cent. discount ; but we are happy to observe
that a bitter feeling has prevailed during the last few
days, and capitalists having coma forward and made
purchases, rates have improved partially. We quote to-
day Company's Fours at re. 23.80 to 29, and Fives at
rs. 13.8 to 14 per cent. In Three-and-a-half and
Four-and-Half per Cents. scarcely anything doing and
value nominal. Theßank of Bengal is at present hold-
ing a large amount of securities, in which loans had been
advanced to different parties who have been unable is
consequence of thegreat fall in the value to clear thesecuri-
rities. The determination of the bank's authorities in
not tbrowing the papers on the market we consider as
very wise one, as the opposite course would no doubt
have led to serious loss both to the parties and the bank,
but would have likewise caused a fearful depreciation of
the securities.

EXCHANGE : on London.—The market for the present
mail opened at 2-31 to 2-38 for first-class credits, but
latterly the rates declined a little, and the same papers
were placed at 2-31. Some local bank bills were alga
sold at first at 2.31, and subsequently at 2 3 per rupee.
At closing, the market had an upward tendency. Docu-
ment bills have ruled at 2-31 d to 2 51d.
On China : A moderate amount of business has been
done at Re. 210 per 100 dole.; there being few buyers.
FEZIGHTS.—The requirements of tonnage for all parts
proving moderate, in consequence of the shortness of
.upplies of produce, combined with the maintenance of
high prices and the rise in the exchange, which have
checked shipments, our rates since our last have assumed
a downward tendency. The available tonnage in the
harbour is still sufficiently large, and as a large addition
is expected before the end of the year, there is little dis-
position on the part of the shippers to enter into en-
gagements until alter the holidays, which commenced
from yesterday, and will terminate about the 4th
proximo. For London we quote to-day 31., and
for Liverpool 21. 12s. Oil to 21. 151. for a fair de-
scription of cargo. No cargo has been offering for
the European continent, and no charters effected
for Australia, although for the latter place several
ships are on the berth, having come to our port under
charter. For the West Indies 21. 10s. has been accepted
for rice. From China, o sing to receipt of favourable
news from that country of rice, considerable engage-
ments have taken place, commencing at 1 dol. and con-
cluding at 95 cents. a bag, but at present not more than
90 cents, are being offered for moderate-sized vessels. To
the Mauritius rates have been declining gradually from
Rs, 1-10 to 1-4 a bag. Very little going forward to
deadFrance,.one vessel only having with difficulty obtained
hint
raettaailhlesaoviy.
preedrutceleiofnerin
li
grahttesgteoeedns.ableThheer
t o secure ow:0g
demand for the Straits of Malacca has b supp, several vessels having been fixed already.een Verylied low offers are made for Bombay, and hardly 18 rs. a ton
(gunnies 14 cwt. to the ton) can be got now for small
vessels. For Madras and Colombo scarcely anything
offering, and we quote 25 re. per ton as the rate for
small parcole. For Rangoon and Moulmein our rates
have continued to rule at 15 rs. to 16 rs. per ton.

CHINA.
HONG KONG, SEPT. 10.
Since the date of my letter we have very little
of excitement or incident, and wait anxiously for
the end of the month, when we may reasonably er
pect to see Lord Elgin back from India. About the
same time we look for the advent of the How Mr.
. Reed from the United States and Baron Gros from
The following-- -
oate,i .information had bee,
Oti,_.
_.O .the Madras Athence ain by Mr. . l France when the three diplomatists will probably
commum. i make : "fair.
.start'' for Pekin. It is said that the
:?t,S-cretary Maltby :
itt
al
ma
jor
w.
C.
as reached Government
Acting Emperor has intimated by the vermillion pencil that
fro "" official report hwill not receive.
lie
yknowsa
swhat
andisg
willoin g o
leaven that
the
barbarians to do
akci.,, 5 that the
pre-
t3 kNtugor , kj Western, deputy-commis '
Rajah of Shahunr 'th • best worst—ha deluded creature, is pre-
stoner eiroi ) llewi
t`Jr; on the 14th at into ' pared to resist force by force. lt is to be hoped
Sept.,ept. the following persons, that no warlike measures will De attempted until

we have an overpoivering force. To take Cant,n
will be no difficult mafter ; but the attempt to hold
without a sufficient military force will end in dis-
grace—we must not despise the immense disparity
of numbers. If Lord Elgin's mission of peace and
diplomacy to Pekin fails—a result which everyone
hero anticipates, war on a large scale will and must
be looked for, and it is notorious that several Rus-
sian officers have recently reached Pekin, under
pretext of being ea route to the Russian settlement
at the mouth of the Amoor river.
The blockade of the Canton river is strictly ob-
served. Same prize junks have been taken while
attempting to break the blockade and brought
here, where the cargoes have been sold.
A French steamer and a gueboat have proceeded
to the Gulf of Tonquin, in consequence of ill-treat-
ment that some of the missionaries have met with
in Cochin China.
The America, a Russian man-of-war steamer,
arrived at Shanhai from the Amoor with a Russian
Admiral on board, who, it is said, is on a diplomatic
mission.

The United States' ship Portsmouth left Shang-
hai for Japan on the 26th of August.
The court-martial of the officers of the Transit
for the loss of the vessel resulted in the captain and
master being severely reprimanded.
Her Majesty's steamer Sampson returned on the
Ist inst., having towed her Majesty's steamer Sans-
pareil down the China Seas on her way to Calcutta.
Her Majesty's steamer Tribune returned from
Manilla on the Ist inst. On her way there she
went round the Pratus shoal, but no new wreck
was seen there. We understand the commissariat
officer who went over to Manilla in the Tribune
found that arrangements to get fresh provisions
thence for the troops could be made should it be
necessary. _ _ _

The American ship North Wind, bound from
Foochow to London, tea laden, has put in here
diamasted.

His Imperial Majesty's ship Capricieuse arrived
from Ningpo on the 25th ult. She brought several
prisoners who were engaged in the late disturb-
ances at that place. The Portuguese Consul was
a passenger.

Amoy dates are to the sth of September. Very
little had been done in imports.
In tea the transactions amounted to about
30,000 packages. Prices were higher.
Foochow advioes are to the Ist of September.
The settlements of tea comprised 54,000 packages.
Great eagerness was shown by buyers to obtain
teas, and prices gradually advanced, and were
quoted 4 to 6 taels higher for congous and souchongs,
and 2to 4 taels for oolongs. Four vessels were on
the berth for London.

A short time since the Foochow authorities
agreed to tade Mexican dollars at 2 per cent. dis-
count in payment for duties. They now object to
receive them except at market value; The papers
of American vessels are given up on proof that
Mexican dollars have been tendered in payment of
the duties. The British Consul requires that the
authorities be satisfied. This difference gives a pre-
ference to American vessels.

Mr. Tarrant, the editor and proprietor of the
Friend of China, was convicted at the criminal
session of a libel on Dr. Bridges, acting colonial
secretary, and sentenced to pay a fine of 1001. to
the Queen. The amount was at once paid.

CHINA. MARKETS.
EXCHANGE AND BULLION.
HONG KONG, Sept. 9.—Oriental Bank Corporation on
London at 6 months' sight, 4.9 i ; on India, 220 Rs. ;
gold leaves at 23& dole. per tael, and bar at 211 dole, to
221 doh,. do. ; Canton sycee, nominal ; duty sycee, no-
minal ; other bills on London at 6 months' sight, 4.91 ;
on India, 221 Rs.

SHANGHAI), Sept. I.—On London, 6,8 i per Tael. On
Calcutta, three days' sight, 305 re. per 100 taelq. On
nnbay, 305 Re do. Drafts on Hong-Hong, 26 per
cent. discount.

MANILLA, June s.—On London 6 months' sight,
4.3 ; 30 days' sight, 4.2. On Hong Kong and Macao
20 per cent, premium. On Amoy 28 per cent. do. On
Shanghae 50 per cent, do. Spanish and Mezican un-
chopped dollars 25 per cent. premium.