The Express.
London, England, 1849-08-20 00:00:00

not been realised ; it may be trom the feet that they
know full well that the question has yet to be filially
arranged. Trade is still in a state of torpor; and
althungh about fifty chops of the new teas have
arrived nr purchases have been made. Fortign
nserethants are acting with caution. Of laoe years
the market has been overstocked with Breach
manufectures, and the holder* were in a manner
Lured to reallse at a sacrifice, taking teas in
exchange with barely a chance of their paying cost
and charges. They are now in a better posNon;
stocks are moderate, and the shipments on the way
and advised are not large. The stock of tea in Eng-
land has also been reduced by a prudent export from
this quarter during the past year; and altogether the
proepec's are much more cheering than they have
been for several years. The export of tea for the
commercial Sear ending 30th of June is ten millions
less than 1846, six millions less than 1847, and half a
million less than the year ending 30th June, 1848.
The total amount is from four to five millions under
the actual ascertained deliveries for consumption last
year; and with continued moderation remunerative
p. ices are pretty certain. An analysis of the trade of
1848, among our extract', :may not be uninteresting
to some of our readers.-16id.
MACAO.—An unfortunate occurrence had taken
place at Macao on the Bth June :
A few of the seamen of the 'tips of War of her British
Majesty lying in the rude et Macao landed about four
o'clock, by order of Captain Keppel, their commander. They
entered the lane next the dwelling-house of the Englishman,
Mr. Patrick Stewart, broke open the gates of the house
where Mr. ltecourt formerly lived, went towards the guard
of the senate, tired upon the soldiers, who were unarmed,
end consequtntly unprepared to resist, and who could by no
means expect English soldisrs or seamen to COMB end attack
them. One soldier was killed on the spot, the sergeant
commanding the gaud and two other soldie, s were wounded
They then ran to the jail, surprised the sentinel, broke open
the jail, and tarried off the prisoner, Mr. Summers, who was
in custody there in an apartment, and marched beck. They
re-embarked with tte said Mr. Summers and proceeded to
the steamer Canton, which was surrounded by American
boats. Captain Keppel eominanued the expedition from the
wharf to their return.
The cause which led to the above affair seems to
have been the imprieonmea of Mr. Summers, a pro-
testant missionary, in consequence of refusing to take
off his hat while standing amidst a crowd of kneeling
and uncovered sptators while a reliions proceision
was passing, andec whom Captain Kogppel desired to
have liberated.

COMMERCIAL INTELLIGENCE.
CANTON. JUNE 2.2.
Insowro.—We (Friend of China) regret our inability to
report any Improvement in the import market time our last. Busi-
ness continues extremely dull; the transactions of the month are
scarcely worthy of notice, and sales to any extent could hardly be ef-
fected even at a reduction on present uomtisfactory rates. About
1,000 bales cotton yarn have been forced on the market at prices below
current rates; and 4,000 to 5,000 bales Bombay cotton have also been
sacrificed for the purpose of effecting "ales. Grey shirting. continue
heavy at last month's quotations; the Wee of the month have been
within AOOO pieces. White shirtless are commanding full prices at
present', the stook being much nduo-d and wholly in second Made;
about 1141110 Mecca have been sold at 2.64 to 3.00 dol.
W001.1.114‘ remain without alteration; the rates of long ells and
Spanish stripes have been viry trifling.
Mirratx—lron still continues to command high prices, the import •
being m a small seals. Rod iron has advanced some 50 cents. since
our last. 300 tubs of steel have been odd at 5 dell. 30 C.
Liao Is ruininaly low ; about is4o piculs have been worked off at
5 dole. 50 e., nor could further sales to any extent be effected men at
them rates.
Tao Rkroar.—The arrival of the new Congous has engaged atten-
tion fur the last fortnight. About 23 to 30 chops are already to hand,
and masters of 15 to 20 more have been going the routed of the mar-
ket; judging front these, the quality of the crop is little, if at all,
superior to that of last year, although it is said that much liner teas
aro on the way down. The teamen have, as usual, snmewhat mode-
rated the extravagant rates at first demanJed; "till we have not
heard of a sh,gle settlement; and it Ia but reasonable to expect •
that the elm:lmam of previous seasons, coupled with the
unsatisfactory accounts lately received of the knglish mar-
ket, will induce purchaaers to act with some degree of
caution. The manufacture of scented orange pekoes and
scented cam nt has been en rather an extensive scale, and during the
early part of the month these teas were taken pretty freely at current
rims ; latterly, however, owing to the heavy shipment', the demonl
has subsided and prices have materially receded, though without
having the effect of inducing further purchases to any extent. Green
tees are neglected ; the market is nearly swept of all but very useless
tea. Only one vessel has been despatched since our lad—the Oaro-
mandel, for London; and a. there appears no probablity of any fur-
ther departures during the present month, the ea ports fur the season
1846-49 may fafrly be said to have Moved. Our statement will be
found to exhibit a deficiency of about half a million an the exports
of last year, 6 millions on that of 1646.7, and 90 mflifons on that
of 1845-4 k The quantity of green VIA, though somewhat 1n excess is
not equal to a twelvemonth's consumption for (hest Britain; that of
black falls four to five millions short of last year's deliveries. At the
commencement of the month the market w cleared of old Congo'',
at 11 taels; purchased,we undenitand, for as
America. New wonted
old Pekoes have been taken at 20 to as taela ; ditto Capers, at 20 to 25
teeth These teas may now be purelmaed at a reduction of 4to 6 tact..
In all other descriptions of tea there is literally nothing doing, and
tie market hi so bare that prices are purely nominal.
Ontil.—Potna, new, 516 dots.; Mosses, 517.50 doled Malwa,
MI dots.; Turkey, 395.
The export of silk amounts to 18,600 hales, signet 22,400 bales
during the previous semen.
Exchange on England.-4s. Id. for Oriental Bank and first class
paper ; bids, with shipping document, 4e. 21. to 4s. 21d.
I,reigtita, St. 3a.
From Shenghae we have no later advice, than the Ind inst. The
new sill had not then come to market, and of new tea only one chop
had reached. In imports very little ding.
Arrivals Rom Great Britain since the .4th of May.—June 9, Mary
Sparks, frau Portsmouth, at Hong Kong; June 11, John Bibby, from
Liverpool, at Moog Kong; June 21, l'rutomelia, from Lonuon, at
Bong Kong.
Departures to Great Britain since the 24th of May.—June IS, Co-
leman lel, to London, from Dung Kong; June 20, bOLOpian, to Lon-
dee, from Meg Kong.