W. NICOL & CO.'S OVERLAND CIRCULAR.

Daily Southern Cross, Volume XXIII, Issue 3080, 31 May 1867, Page 4

W. NICOL & CO.'S OVERLAND CIRCULAR.

Bombay, April 13. FREIGHTS. Oar last report of 28th ultimo represented the market as closing firm, with a fait demand for tonnage. Almost immediately after the departure of the mail of that date, the inquiry increased, and rates have since gradually improved, our quotations of today showing an advance of 5s to 7s 6d per ton on those last given. Clearances have again been on a large scale, while few arrivals have taken place, and there is now almost no disengaged tonnage in harbour. The bminess transacted has been for the most part of a bona fide charaoter, few speculative engagements having come under our notice. Some ships are being offered in the market to arrive for May, loading, bub no transactions hare transpired. As regards prospects, we think it probable rates for ready ships will be pretty well maintained, the number being limited; but there is now a large fleet of vessels due, and their arrival will have an unfavourable influence on our market, and may cause some considerable decline in rates to take place. We quote as follows :—To, London —Cotton, £3 to £3 5s ; seeds, £1 10s nominal. To Liverpool — Cotton, £3 to £3 7s 6d; seeds, 15s. To HavreCotton, £3 10a to £8 15s ; seeds, &c, nil. London : The ' Edwin Fox' has been laid on the berth, and commenced engagements of miscellaneous cargo, at £3 per ton. This ship has been taken up by Government for conveyance of about 200 timeexpired and invalid troops, at £43 for men in health, £47' for invalids, and £55 for convicts and insane men. Liverpool: Beady ships command most attention. The 'Dilharee,' 'Edward P. Bouverie,' 'Mary Stenhouse,' 'Innisfalien/ ' Helvellyn,' and' William Ritson' have betn filled up at £3 5s to £3 7s (Id per ton. Havre : The ' Indus' has been fixed for a full cargo of cotton, at £3 10s per ton. ■» EXCHANGE AND MONEY. As might have been anticipated after the late rapid advance which took place in rates, the telegraphic advices during the past fortnight have advised considerable shipments of specie from England and the Continent, and the effect here, has been a smart reaction, rates from day to day continuing to decline, finally closing as follow:—Bank bills, four months, 2s"to 2sOJd; credits, 2s o£d to 2s Ofdj and document paper, 2s o£d to 2s Ofd per rune*. Oa Calcutta we quote bills on demand Ks. 99|, 30 days' sight Rs. 98^ 60 days' sight Rs. 97*. and on China Us. 225 for bank bills on demand. Money, as usual at this season, is in active request. The decline in exchange^ however, lias imparted an easier feeling generally, and there appears to be more coin in circulation than of late. The anticipated receipts of iilver, too, will add to this j and although the requirements of trade for the next six weeks will be very great, we look for continued ease to the end of the season. In shares we have nothing to report; they continue neglected, as a rule, and there is no indication of revival in any, even of tbe best stock in the market. Government securities have advanced to 88$ for fours, Rs. 105 for fives, and Rs. 1081 for fives and a-half. Bullion: We quote English gold 100 touoh 16f, leaves 16-4, Australian 97 touoh Rs. 15-12, China silver Rs. 1044, English silver Rs. 106 i, and sovereigns R«. 10-6.