The Express.
London, England, 1848-10-03 00:00:00

—eps
and were not strong enough or sufficiently confident of tee
fidelity or discipline of tittle trues to attempt esedtee et
investment. The Lahore authorities held out no hotel et
sending them succour earlier than October. Under du
circumstances, all the besiegers could do was to retire
from beneath the walls and fortify themselves ag •
surprise, at a distance of about four miles from the tows.
The insurgents encamped just beyond the fortifications,
reedy to retire within their stronghold if attacked—rimy
to attempt a surprise or take us at advantage should au
imprudence on our part give them the opporemity. Neva
while Lieutenant Edwardes began to &Meet supplies of
eetton for bagging, and to provide himself with imams
far maw approaches when the heavy guns should arrive.
The enemy, on more than one oceaaion, threatened to beat
' up his quarters, or tried by feints to draw him from his
entrenchments; three times he offered them battle
each occasion it wu refused. The attempts to too per with
the truths seem on almost every octasion to hive proved
futile. The steamers Comet, Meesnee, and Conqueror,
under command of Captain Christopher,wesewhil;
pushed up the Indus and Chenaub, and authored within foul
miles of Mooltan! while the Planet and Nimvud, atutieg
from the same punt, pushed up the Sethi leavine arta.,
stores opposite Bahawulpore, and proceeding onward to bring
down the bettering-train from Ferosepore. Ater numberkes
references, orders, and counter-orders, and uo eed of betas.
tion and delay, it was determined to send an army of Sew
with 30 pieces of artillery, in two diviaince, to Mnoltati; eet
of these, consisting of the siegctreinot 30 teen., H.M.'5324
both of which corps proceeded in boats, the h, 314,
72nd N. 1., and the 1 lth regular and 11th irregular cavalry, the
latter moving by land along the right hank of the river, ete,4
Ferozepore, betwixt the 24th and 31st ult. The heed.
quarter division, commanded by General WW h in peree,
quitted Inhere about the time of the departure of
from Ferozepnre. Both divisions apeear to have been Olt
to move on with little difficulty or eatnoyane.e at the rate of
from 10 to4G miles a day. Colonel Strickland, of 11 9. 10th,
died on the march, from exposure to the tun By the
10th of August the troops movina by the CM naub were
in full communication with Lieuteeice eaelee
his camp; and about this time General Whisk was Neel
by Captain Christopher, of the steam &tills, and from
him received much valuable information as to the mum
of the country and state of affairs. They had beat
hued of on the 18th, end were expected to reach
Mooltan about the 20th or the 21st. The coloma
descending by the Sutltj had a considerably trotter distance
to travel, and for sixty miles the artillery had to be moved
over difficult and irregular around. It will in this way ree.
Sably be the 2nd or 3rd of September before the whole army
is again t embitter' ; until they are to we presume all opera-
tions will be delayed. The latest news die et fam the camp
before Mooltan is of the 10th of August. Tee trop km.
suffered very little, either from sickness or hordthip, sae
have experienced no material inconvenience os the march.
The most profound tranquillity reigns throughout India
at large. The rainy season, LOW la: but over, kW= is
general to have been melt favourable, and an abundant har-
vest is looked for everywhere. We now appear to have
the fairest prospects before us of the almost immediate com-
mencement of railways ea both sides of the peninsula—.a
guarantee of five per cent. for twenty-five yews ea Ulla
million on the Bombay side, and doubts this in the valley of
the GangeP, haying been conceded by the court of directors.
Irrespective of all consideration of the undeseribable and al-
most unbounded benefits this will confer, the asenance of
returns that our railways hold out to the English capitalist as
investments seem so infinitely superior to the American and
French and Belgian schemes so greedily rut upen, the? hi
not unreasonable to look to England for the r rest source, of
oar support. The apathy cf the natives is easily explained;
?swat events have led them to view jointeiteck cm panic,. of
011 sorts with extreme suspicion ; and they have s ) little notice
ted what railways are that they are Incapable of appreciating
the benefits that are sure to accrue from them—The gover-
nor-general continues at Calcutta, hut prop: ft s, it is said, to
make a short visit to the N. W. Provinces, filen which Ile
will soon return to the capital—holding, ss he dees, the con-
verse of the doctrine of Lord Ellenberonelt. and conceiving
that the businrs of the state never advances so fevourably as
when the governor is with his council—rot by e tide of
the commander in chief."—The couitander.irechkf of India
continues at Simla.—Sir H. Pottieger is at Medea.; Lord
Falkland sad Sir W. Cotton in the Deccan. The lion. Mr.
Willoughby has, indeed, for three months past been the
only member of government at the presideneye—r presenting
the governoe-ineeuneil in his own Frye, We le:lieve they
could scarcely desire an abler ri presentative.

COMMERCIAL AND MARKETS.
(Fran the Telegraph and Courke.)
BOMBAY, AVO. 31.—Tbe present r. port extends over a
period of RIX weirs, and the sale+ have been to a con-iderable extent,
although the both of them have been made in the last iortilight.
During the first two week• scarcely any business win done, i; alert
apprehending an unpropitious harvest, owing to al of
hot, dry, and unreasonable weather. About the loth of Athirst
better accounts were received from the Mothiail of the elate of the
weather and crops, and dealers entered the market, evidently dis-
posed to lay in stock. for the season. Prices decline however,
proved ; Muted, making allowances for the in the rates ol
eteheme, the paces obtained for nearly all deealpilons of import,
=yet, will prove ant thing but remunerating.
torrex teonet GOODP.—The inquiry for piece goods bas been to a
fair extent ; but the necks hare been large enough to meet the
demand. 40-inch grey sbirtings of low quality have been in mon re.
quest. 43-inch have also Len in demand, but,the stook of then
being moderate the mires obtained have teen, In some instaneen
advanoe of the highest rates ruling at the close of the last sewn.
Grey Madapollams, of inferior quality, have been sold at
tolerably fair rates. Lattelly, however, the demand has
not been met by holders In proportion to the warm
requirements of dealers, owing to the moot unprecedented low
rates of exchange. The mlrketbeing but scantily euppiicd with goy
mulls, the transactions in them have been limited; god if rocks cab
' tinue light, improvements in price may be soon anticipred. Grey
jamonels, which have been sold in considerable qu intitics, ham
rcareely realised profitable returns. Very few saes have as yet takes
pine, in grey domestics, the MOOD being scarcel sufficiently at ad.
vagoed for large transactions in them. We thl,k, upon the whole,
that the nor bet for grey manufactured goods is Ina healthier Kate.
but tram-action s have been more limited than at the cor.e.ponding
period of any year for many past seasons.
The above remarks are, to ram extent, applicable to this =Art
for bleached goods. The demand for white piece goods is every yea
diminishing, and it may be generally remarked that, exciming in low
qualities of &Wings, jaceonots, and twills, the rates realised prom
very unrentuneratinit to importers.
Coro= Yaao.—The transactiuns have been to a eomiderable
tent ; prices have not fluctuated much. Stocks are very moderate,
and the supplies on the way will, we think, meet with a good mcket.
COCULPUIAL.—During the month there has bean nom ithuiry for
the article from dealers in Outer= The sales reported arc ll,ooolh,
at fir. 13a.; 6501 b., at 3r. Oa.
ffisratA—The dime= for English bar-Iron has been to s small ex.
tent. Square naiLrod has been sold at a reduction on previous rates.
Of Swedish iron there is but little in the market Sethi r hoe experi-
enced a slight improvement in value. Copper of oil kinds is us
changed in value.
Baza.-275 hbds. Ilaic at Re. 70 pee bid.; 275 All.opp's, 70 do. •
50 do., 70 do.; 40 lioderson'a, 60 do.; 13 Allsopp's, 70de; 10 Worth►
:
Ington's and Robert's, 55 do. ; 20 Steven's 53 do.; 100 Tanen%
50 do.; 20 do. (porter), 40 do. The stock oiAllsapp and Bass is very
moderate.
Oarrona—The purchases have been made chicly for the Clam
market. Prices bath been well maintained, owing to the deal=
being induced to bold out by the low rates of freight and exchange.
The exports to Great Britain are 145,000 brew and to China lita,ooo
bales, from the ist of January last, against 151,7a0 Mies and 139,400
respectively to the oorrespng period of 1817. The stock at
market is of inferior quality.
OPWIL—In the opium market there has been considerable rade,-
meat for some time past, consequent upon the receipt of browns
intelligence of the demand for the drug in China. Present paeans
are 1,625r5. to 1,570e5.
FIULIOHTR.—Owing to the prices of cotton continuing too bight*
glee Inducement to 'hipper' to engage tonnage, the rates of =et
bave been, and are still, very low-21, 10s. may be confide= the rats
for Great &Bala, end rupees 64 to 6/ for China. There is eared,
any prospect of an improvement taking piece in the rote of (fried,
as tonnage le saperabundint.
Monet MARYST.—Mottey remains very easy, and in*
rest low. Exchange Ma slightly advanced since last mail for Baring's
bills, which have sold during the month at la ffid. to Id. Documest
bills have been sold at 15.9911. and 15.91 d., but there are not manyshir
manta to be drawn against. The banks still keep their rate at sit
seenthe sight et Is. lid. • but there Is not any great demand at tiwr
maim, except far small mama Orion to the prevailing low ram d
amlimp about 71 lakhe of specie have been shipped t England.
Nan Illuaa—The Beak of Bombay sha en may be quoted st 311
mut. 93
yam[ resnium, at whisk figure, however,pa few are to be ea.
shares have advanced to ernt. or tal.
trairsal. and few salsas. Commercial Bank shares at 85 or 15,0
OWL dlemmal. Agra Bank shares have been quoted at 19 to gst
met. psalm
100121OrNift Beer ILITIMI remain mush the same so theY orsir• IN!
Mallfik_aad may now be quoted :-5 per Cent. Cocapany'4 99 PI!
SFr Cant. ffieces, 104 Oen rs.; 4 per Cent. cicca's, 89 tiea.,
per Cent. Cceopmes, S
0111OrfAL LOG—RATMS or Elfllllllol.
Draughts on London at months' sight, above ASO I
Ditto et moths' sight, above ......... 20 1
Ditto at 1 on sieht, above 2O 1
Ditto at 1 day's sight, above ... . .
Circular notes payable throughout Europe, and *Draughts ,
on Ireland and Scotland at 1 day's sight
Royal, Of beam Amoy:D.—On current accounts, sublet, F 1 a
commission of f percent, 3 par cent; ditto, without conunimms
ft; deposit notes repayable on one metth'snotioe, 3; ditto, ditto,t6lo
months' ditto, 4; ditto, diffio, ids months' ditto 5.
RAM Or DRUM' AND DISOWNT CEASOCD.—On cash credits ca
securities,a per cent; on loans government steurities, ; oa Pro.
bills without rebate, not exceeding f meths, 7 ; diet, ditto 3 wed %
7 ; ditto ditto 4 months, 8 ; commission =purchase and sale doom'
edits, 4.
CALCIITTA, ittrO. 16. —ExPORTB.---Sufor continue;
demob. Silk is in no better inquiry. Saltpetre is in fair rI
Rice: for England but little is doing. Oilseeds aro taltenTZ
Jute, unobtainable.
Ont m. —A remarkable change took place In the price ear tbis
at the sale of the 9th inst. Fates (IA lots) sold at 1,173
rupees The value has since lowered to 1,030, Aral yesterday as
up to 1.070 per chest.
Domoo.—Accounta from the districts continue favourable.
Imporre.—Overrun.—ManeheNter manufacture =Lei, pariculiril
for bleached, leading staples. Glasgow fabrics sell at low prices s,
little irigatt7. Rule twat dell.
Xsesui.—Cimper, brisk. Sheathing has Kam 3m. Per maid'
Metter la gradually on the rise. Arrivals of imports have been Mier
and a abases is possible to disadvantage.
The money-market show procreative ease. runelse
bills, la. at 6 monthssight.
Freights are well sustained. Sugar to Liverpool, 31. 135. to 41.;
to London, 41. to 41. 13e. per ton, by first-class vessels.