The Sun.
London, England, 1844-01-04 00:00:00

THE MONEY MARKET.

' Money continues abundant, and the Government securities
have been in fair request throughout the month. The follow-
inz are the current quotations:—Four per Cent. Loan of
1831-33, 105 to 105 10 sicea rupees; ditto of 1835-36, 99i to
99i Company's rupees ; Five per Cent. Loan of 1841-42, 104
to 1021 Company's rupees.
Exchange on England has continued pretty steady, and may
now be quoted Is. I Id. for six months, and Is. 104 d. to
Is. 10;0. for 30 days' bills. On Calcutta, at 60 days' sight,
exchange is lir!. to 114 rs. premium, and on Madras rupees.
On China it is at 216 rs. per 100 dollars.

BANKS.—We may quote the shares of the Bombay Bank at
404 per cent. premium, and those of the Bank of Western
India at 16 to 17 per cent.

I'l.lOE OF BULLION.
Sovereigns, each Rs. 10 14 to 11 2
Bank-notes, per £ Rs. 13 12 to 11

CHINA

(From the Bombay Times.)
The accounts from China received here since our last come
down to Sept. 30. Trade at Canton had suffered very consi-
derable interruption in consequence of a misunderstanding ex-
isting between the Government and the Hong merchants, the
former exacting from the Hongs 5,000,000 dollars, said to be
due as a balance of the ransom of Canton. The Hong mer-
chants have, to the date of our advices, obstinately refused to
pay this sum, on the plea that the Consoo fund is exhausted,
and, their monopoly being at an end, ;.,they have no money
wherewithal to pay. The Government, it is said, still persists
in the demand, and the Hongs have very properly declined
doing business until the matter is settled. " Should the Go-
vernment enforce its claims," says the Canton Press, " they
may be ruined at any moment, and such goods as may be in
their warehouses confiscated." The knowledge of a pretty large
trade being carried on by the " outside-men" while this dis-
pute proceeded, and the death of Howqua, the wealthy
Hong merchant, and strenuous opponent of the new system,
may have a favourable tendency towards a speedy settlement of
present differences. Howqua is said to have died, leaving
15,000,000 dollars. The linguists' fees have also been the
cause of much annoyance and interruption of trade ; their de-
mands seem to he exorbitant, and the foreign merchants ac-
cordingly refuse to pay them. The latter have, in some in-
stances, been sufferers to a great extent, in having sold cargoes
under arrangements respecting the delivery of them on a cer-
tain day, and failing to do so, the buyers refuse to receive them.
The Canton authorities are represented as encouraging the
linguists in their unreasonable demands. A letter dated
Macao, Sept. 25, says, respecting the working of the new
system, that matters are becoming daily more unsatisfactory,
owing partly to the mismanagement of the Consular establish-
ment, and partly to the grasping avarice of the provincial au-
thorities—the first, by injudiciously introducing a number of
petty regulations, equally inconsistent with their own duty and
Chinese custom; the second, by extortions, which have driven
the ex-Hong merchants, the only men who have suitable
warehouses and competent establishments, to close their doors,
and refuse to transact business until freed from burdens which
they have no longer the means of meeting. In consequence of
this state of things, it is with the utmost difficulty ships are
discharged, and Om trade generally is quite paralysed. A sup-
plementary treaty was to have been signed in the first week of
October, by Sir Henry Pettinger and Keying; their
Excellencies were to meet at the Bogue for that purpose.
The most important item of this treaty is a clause introduced
by Keying, guaranteeing to all other nations the same privi-
leges of trade and intercourse as granted to the English.
The Canton Press, of the 30th of September, reports a
riot at Macao, which was of such a serious nature, that the
soldiery had been called upon to fire. Four Chinese and
one European are said to have beers killed. The Hong mer-
chants had let, or were about letting, their warehouses to
foreign merchants. The duty and cost of shipping off teas is
heavier under the new system, and two taels more per picul
than during the Company's time. At Amoy there was a good
demand for cotton ; one or two cargoes were disposed of at
from 25 to 30 dollars per bale. The demand is confined t•
Bengal and Madras qualities. The market is glutted with
long-cloths, and prices arc nominally 3 1-50 to 3 1-80 dollars
for white, and 3 1-10 to 3 1-30 dollars for gray. Cotton yarn
is quoted at 28 to 30 dollars per picul, the lowest numbers in
most request. At Chusan, the principal mart for British
manufactures, everything was proceeding satisfactorily; the
place was perfectly healthy and quiet. The following is an
extract of :a letter relating ,to this place, as well as Foo-
Chow and Hong-Kong ;—" At Chusan, which is still the
principal mart for British manufactures, almost to the
exclusion of Ningpo and Shang-hae, the stock of long-cloths
is moderate, and 4 to 4 1-50 dollars for white, and 3 1-50
to 3 1-75 dollars for gray, were the rates by our last
accounts. As large supplies, however, have since gone up,
prices will probably decline. The demand for woollens is on
the increase, and during the winter we have no doubt a
considerable business will be done at good rates. We are at
the same time afraid that next summer, when vessels of all
kinds can get up, severe losses will be the consequence of the
immense quantities of goods on the way out from England,
and earnestly recommend our friends to consider well the re

turns of export of all kinds of manufactures. Our last quota-
tions of woollens from Chusan were-1 1-20 to 1 1-40 dollars
per yard for Spanish stripes ; 9to 10 dollars per piece for long
ells; 28 to 30 dollars for camletE. Raw cotton and cotton
yarn are not saleable at saving rates, the province of Chekiang
being a cotton-growing and exporting district. Sandal wood
will go off in small quantities at moderate prices. It appears to
us that while Chusan is retained by Great Britain, a compara.
tively small business will be done at Shang-hee and Ningpu ;
its greater facilities in trade, and more commanding position as
regards the whole coast, being much in itt favour. At Foo-
chow-foe there is no trade ; and as the feeling of the Chinese
against the location of foreigners there is strong, it will pro-
bably be the last port resorted to." Opium was on the
decline. Patna was quoted at $830; Renares, ,$BOO ; and
Malwa, $740. This is explained by the consumption
being checked by the recent advance in prices,
and to certain sales to arrive failing due. There
were large imports of gray goods. The stocks
of twist have been very heavy this season, and the demand
very dull, particularly for the higher number. Woollens—
The demand for woollens has been much improved, in conse-
quence of the reduction in duty, and a further improvement is
expected as the season advances. The stocks of iron are repre-
sented as being very large, and the demand correspondingly
dull. The price of lead had declined to 4 dollars 40c. to 4 dollars
.50c., in consequence of large importations from the United
States. Steel is dull of sale with a heavy stock. Spelter in
little request, at 5 dollars per picul. Silk—The first quality
of silk can only be procured in small quantities, the crop being
deficient this year; 12 piculs had been bought for shipment to
England, at 320 Spanish dollars on board. The inquiry for
inferior qualities for the Bombay and Indian markets was less
animated than usual, and prices were declining. Tca—The
new crop of Congou has been already estimated at 36,000
to 39,000 chests of 801 b. each. Arrivals were daily becoming
more numerous. The rates vary from SO Spanish dollars to 35
per pical.

EXPORT OF TEAS TO THE UNITED KINGDOM.
From Oct. 1, 1842, to Sept. 16, 1843.
`10,960,046
976,975
144,084
„•• ••••
411,093
818,821
367,651
.
3,405,865
,•.. ........... 885,342
650,862
351,453
... 1,142,493
........ 69,268
15,590

- ---
CSLnetung ****
•
Bohea...
B. L. Pekoe
Pekoe..
0. Pekoe ..............
Caper...
Campoe
Twankay
Young Hyson
Gunpowder:
Imperial
Hyson
Hyson skin
Sorts .... . .

---- Export for the year ending June 30, 1843.. ....•• 40,472,65747,852,459
Export since July 1, 1843, city of Derry, Orixa,
G. Fyfe, J. Tompkinson, Siam, Cordelia, and
Bahamian
Freights are quoted at 60$. to 70$. ' Exchange on Eng-
land, 4s. 3d. to ‘k 4i. On Bengal and Bombay 221 r. to 222 r. ,
and on Madras, 223 r. per 100 dollar,.