The Sun.
London, England, 1850-12-02 00:00:00

REPORT OF THE STATE OF THE BOMBAY

MARKETS,

FROM THE 17TH OCT. TO THE IST NOV. INCLUSIVE.
Bombay, Friday Evening, Nov. 1.
Since the date of our last there has been a little more
demand for money, especially in the bazaar, but that is
to be looked for at the Dewallee. Rates of interest, how-
ever, continue unaltered, and the market will no doubt
be abundantly supplied for some months to come. Go-
vernment Securities are very dull, at about our last
quotations. The following may be called the current
rates for Joint-Stock Bank Shares:—Bank of Bombay,
19i per cert. premium; Oriental Bank, 16 per cent. dis-
count; Commercial Bank, 9i per cent. discount; Agra
Bank, 2 per cent. discount.
The Dewallee holidays have commenced, and business
will be almost at a standstill till their termination, when
a tolerably brisk demand for cotton goods for the up-
country markets is expected to arise. The business
done during the past fortnight has been small. In Ex-
ports transactions have also been very limited.
Cotton Piece Goods—Grey domestics have been
scarcely inquired after, and the only sale reported is
one of 600 pieces at R 9. 16} per piece. Long cloths
have also been without inquiry. Madapollams have sold
to extent of 5,000 ps., at from Rs. 2:3 to Rs. 2:7 annas
p. p., which shows a decline in price to those formerly
obtainable. Jacconets have been in limited inquiry: we
have heard of only one sale of 500 ps., at Rs. 3i p. p.
The demand for all descriptions is as dull as it can well
be. A large quantity of T cloth has been sold :at auc-
tion during the fortnight, consequently no inquiry has
been made for it from importers. Bleached goods have
been in even less demand than grey, and there are
scarcely any sales to report. The same remark applies
to dyed goods. The market for fancy goods remains
much in the same state as at the date of our last report.
Book muslins, grey and bleached dhoties, dyed orange
madapollams, and grey and bleached mulls, are in some
slight inquiry. In other descriptions no business has
been done.
Cotton Yarn—The sales amounted to 365 bales Mule
and 40 Water Twist, 30 of Orange, and 50 of Turkey
Red Yarn. For Nos. 40 and 50 of the two former the
rate has slightly declined; for other counts former prices
are maintained, holders being unwilling to part with
their stocks at reduced rates—consequently but few
transactions have had effect. The price of Orange has
slightly receded. Stocks of Turkey Red in second hands
continue large—demand dull.
Metals—Copper—A large quantity has been imported
by the ship Stag from Australia, and prices have further
declined for nearly all descriptions, especially South
American. Iron—British Bar has sold to a tolerably
large extent, as have also Sheet and Hoops, while Square
and Round Nail Rod are dull. Swedish Bar has some-
what declined, and is in little inquiry. Lead, both pig
and sheet, is dull, the price of the former having given
way. Spelter is firm.
Cochineal continues dull, and we have not heard of
any sales. Stocks both here and in the up-country
markets continue large.
Saffron of good quality is in fair request, but no sales
have been reported since our last.
Woollens are in scarcely any inquiry, and no tran-
sactions have taken place during the past fortnight.
' Beer—Our last quotations of Es. 80 per hhd. for Al-
sopp's continue to be maintained, and the stock at market
is very light. A sale of 100 hhds. Bass's. at Rs. 75 per
hhd. is reported, and also one of 50 hhds. of Sacell and
Youngland Co.'s at Rs. 70 per hhd.