The Sun.
London, England, 1855-10-19 00:00:00

ASIA MINOR.

Letters from Trebizond to the 26th of September
announce that Ali Pacha, who, with a force of
3,000 cavalry (one-half being irregulars), was pre-
paring to make a dash into Kars with a supply of
barley, had been attacked at Panina by 1,500
horse, when, notwithstanding the exertions used
by the Pacha to get his troops to fight, favoured
as they were by numbers, and in which he was se-
conded by Major Stewart and Captain Cameron,
the irregulars took to flight, and the regulars wore
not long in following their example, abandoning to
the enemy all they possessed, including the barley,
so much needed by the famishing garrison of Kars,
and several pieces of artillery. The deserted
Pacha in command, and the two British officers
with him, fortunately escaped capture, and suc-
ceeded in getting safely into Erzeroum, with the
loss, however, of all their personal effects.
The cholera at Trebizond has not spread.

THE AMEBIC/AN MAILS.—LIVERPOOL, Oct. 18.—The
United States' mail steamer Baltic will leave this pt,rt
for New York on Saturday, with the mails, a full cai go,
and a large number of passengers. Letters intended for
her should be posted in Liverpool before 12 at noon,
with late fee at 1 p.m., and at the 1
anding-stage at
2 pm.

ANTICIPATION OF THE OVERLAND
MAIL.

Our (Morning Herald) papers and letters from
India, in anticipation of the Overland Mail, have
just arrived. They hear dates as follows :—Cal-
cutta, Sept. 8 ; and Bombay, Sept, 12. There is
nothing from China by this conveyance. The news
from Bombay, both political and commercial, bas
been anticipated. That from Calcutta we now
subjoin :

CALCUTTA, Sept. B.—l do not know if you see
the Calcutta or other Indian journals ; if you do,
you must have been amused at the highly contra-
dictory statements regarding the health and the
intended movements of Lord Dalhousie. As re-
gards the former, the people of England will be
glad to hear that one who appears to be held in
high public estimation has so far recovered as to be
able to take horse exercise again. By the last ac-
counts from the Neelgherries the Governor-General
was still at Kotasherry, but was expected early in
the present month at Ootacamund, where he in-
tends to entertain society and to give a ball.
As regards his lordship's further movements, I
can give you equally explicit information. The
steamer Feroze has been ordered round from Bom-
bay to Calcutta, and a telegraphic message to the
President of the Council states that she left on the
4th inst. On her arrival here she will be prepared
for the use of the Governor General, under instruc-
tions in his own handwriting, and upon a plan
drawn by his own handwriting ; the fittings up
of the Zenobia will be transferred to her, and she
will be despatched so as to be ready to receive hi
lordship at Madras about the middle of ilex.
month. Lord Dalhousie will be here at the end o
October or the beginning of November, unless he
should make a run across the Bay of Bengal to
look once more at Rangoon, in which case he may
not reach Calcutta before the commencement of
December. It is thought likely that the Feroze,
after bringing up the present, will bo sent to Suez
to convey the future Governor-General to the seat
of government. Lord Canning will not, however,
displace Lord Dalhousie '-on his arrival, as is cus-
tomary in the change elf rulers, for his commission
is couched in peculiar terms, and he is only to re-
ceive charge of the Government when it shall
please his predecessor to make it over to him.
Major Banks, whose visit to Lucknow has been
a nine days' wonder, leaves for Madras, en route
to the Neelgherries, by the mail steamer, to-
morrow morning. The exact object of his mission
to the capital of Oude has not been divulged, but
it is known that he was the bearer of despatches
to the resident and of an autograph letter to the
King from Lord Dalhousie, and that direct inter-
ference is about to take place in the affairs of
the country, even if it is not to be annexed. An
officer of the Commissariat has been sent to pre-
pare a camp for the Gevernal-General on the
Oude frontier, and the forces at Cawnpore and
Benares are not to be reduced during the coming
relief of troops ; indeed it is said that the
garrisons at them will be augmented, and it is re-
ported that an army of exercise will be formed.
at Cawnpore during the cold weather. Sir Wil-
liam Gomm ordered the 19th Native Infantry
from Lucknow to take the field against the
Santhals, but General Outram would not permit
the regiment to march, and communicated what
he had done by telegraph to Lord Dalhousie, who
sent anything but a complimentary message to the
Commander-in-Chief. Sir William marches as far
as Agra, there leaves his camp and proceeds to
Bombay, en route to England ; General Anse!),
the Commander-in-Chief at Madras, will, it is be-
lieved here, succeed to the supreme command. The
Santhal rebellion happily languishes, and will pro-
„bably die a natural death before the advent of the
cold weather will admit of the troops being again
actively employed. Messrs. Haliday and Dorm
cannot get on together, and the Council declined a
second time to proclaim martial law in the disturbed
districts, although urged by General Lloyd, the
Special Commissioners, and others at a recent con-
ference in Calcutta. The Lieutenant-Governor of
Bengal was again an advocate for the adoption
of the measure ; the President of the Council
aLd the majority said, "It is now too late." The
consequence of this will be that the insurgents will
escape the punishment they merit; already the men
known to have murdered Mrs. Thomas and her
sister have, it is feared, got off free, as the magi-
strate cannot obtain evidence sufficient to commit
them for trial.

The Kohat frontier is in a disturbed state, and

troops have been sent out. Two armies of exercise
will, it is said, assemble in the Punjaub during the
cold weather, one to watch the frontier and Cashmere,
the other to watch Cashmere and Buhawulpore,
but the exact localities for their assembly have not
been fixed, and I much question if they will really be
formed. The Governor-General will not interfere

In the quarrel hebvveen the M.h.raja Goolmb Siugh
and his nephew Raja Jowalur Singh, but recom-
mends them to settle their differences amicably ;
any retainers of either taking refuge in British ter-
ritory are to be disarmed. There are many reports
abroad of the movements of the Russians in Cen-
tral Asia, and the Persians are said to be acting
in concert with them, in spite of the declared neu-
trality of the Court of Teheran ; but I do not
attach sufficient credit to these rumours to enter
into any details regarding them.
We have no further intelligence of the progress
of the Nepaul army in Thibet, and the last we
heard of the Ava mission was that it had reached
the frontier station of Thayet Mew, and would
proceed onwards on the 11th of August to the Bur-
mese capital. Measures are, it appears, to be
taken to coerce the Rana of Oodeypore, the highest
among the princes of Rajpootana, and troops are
to go out from Nusseerabad and. Neeminch for that
purpose.
I believe I have now given you all the news that
is worth recording, except that we have had a plea-
sant change in the weather, and soft heavy rain for
two days past, which was much required after a
lengthened draught, for we have had little rain
since the end of July. A rapid rise is taking place
in theTGange at both Benares and Mirzapore, which
indicates a heavy fall in the north-western provinces;
it has come in time to avert a famine, but not to
prevent a scarcity, or save the indigo crop in those
districts.

COMMERCIAL REPORT.
(Front the Bengal Hurkaru of Sept. 8.)

CALCUTTA, SEPT. 8

Since the issue of our last report, our export trade
has continued in a healthy state. The advices received
by the last two mails of t:-.e position of the English mar-
kets for Indian produce proving favourable, the demand
for several articles has been brisk, rice, wheat, and seeds
being the favourites, and prices have advanced, the more
so as supplies are not plentiful. There has has been'
however, no want of tonnage, which has prevented an
advance in the rates of freights, and shipments to
Europe are going forward on a very fair scale.
Our import trade continues to suffer severely for want
of adequate conveyance of g rods by steamers to the
upper provinces, and dealers, being unable to obtain ton-
nage, are deterred from purchasing, in consequence of
which much difficulty has been experienced by holders
in effecting sales. Arrivals likewise have recently been
numerous, and will further tend to increase the depres-
sion of the import trade, which is far from recovering
from the effects of a tight money market. We learn,
moreover, that advices have been received from Mirza-
pore and other places in the upper provinces complain-
ing much of the want of rain, and apprehensi ms are en-
tertained of damage to the crops. We hope these
apprehensions will prove groundless, otherwise our im-
port trade will experience a further depression.
During the present week, we regret to observe a fur-
ther downward tendency has been manifested in the
prices of all sorts of British piece goods, and mule twist
especially seems to share the decline more than the
others.
Our money market is showing symptoms of improve-
ment, but the effect of the increase in the rates of
discount and interest established by the directors of
the Bank of Bengal, which we noticed fn our last, is
being felt principally by holders cf government seen-
ritlea.- -There is-no doubt that the gradual increase
of the Bank of Bengal rates during the past month is
attributable to the large demand for loans, which the
state of its finances is unable to meet. This demand on
the part of the mercantile public cannot but he conQi-
dered the result of the opening of the ill-timed an ill-
managed 5 per cent. "Public Works Loan," which hip
drained the market of a considerable portion of funds,
which otherwise would and ought to have been used for
the legitimate purposes of trade. We do not believe
that our money market can recover for some time to
come from the shock it has sustained by a measure nu
the part of Government, which, in spite of its necessity,
has been severely and justly condemned, both by the
Indian and English public. The members of the Supreme
Council have had the satisfaction of discovering ere this
that their anticipations that immediately after the d o i ig
of the so-called " Public Works Loan," Government se-
curities would recover their former value from the depre-
ciation which the announcement of the loan would create
and did create, have not been realised. True it is, a tempo-
rary improvement in the value of the 4 per cent. stock did
take place, and the 5 per cent. also commanded a pi e-
mium of 1 to 14 per cent., but this improvement could
not possibly last long, from the very fact of a large capi-
tal being locked up, which sooner or later must h sve
been required in the course of business for different pur-
poses. What the " Public Works Loan" had left un-
done, the directors of the Bank of Bengal seem desirous
of consummating, as the raising of the rates to theirh
highest limit and increasing the margin on loans
of have
already caused a serious depreciation in the
is the hope, however remote, that
vernment stock, and the only consolaioinnleeofmt stock-
holdersteofatuhveeuraahiethough unexpected circumstances
now h tn over
lossea which
sr ve them from the heavy stances might yet occur to
akthe
do d,
have ahlht ht osupgffhegr
suffered
their
their heads. Permanent stockholder
depreciated,
property is now much
Tbxousliout last week -Sicca
very sad ,predicanien . that extent as the speculators, who find themselves in a

F ur per Cents. had been selling at a discount of 15.8
to 16-8 per cent. Company Fours at 13.12 to 14.0, and
the New Fives at 14 annas to 1-2 per cent., which are
the current rates ; but a slight improvement in the value
has taken place, the rates being about 1 per cent, bet-
ter. Although the Bank rates continue unaltered, the
lightness has relaxed a little in the Bazaar, and money
can be obtained on good securities at 10 per cent, per
annum, which is 2 per cent. lower than those charged
by the Bank of Bengal.
In the share market very little has been doing, Bank
of Bengal shares only being in demand at Rs. 6,400
each.

Exchange remains unaltered, a limited amount of busi-
ness having been done for the outgoing mail.
Freights, since the arrival of the telegraphic despatches
via Bombay, with better accounts for produce of this
country from London, have not improved, owing to
scarcity and high prices of produce ruling here. Rice
has been engaged for London at 4/. 55., ,and wheat 4/.
10s. Seeds are wanted at 51. 55., but offers have not
been wade above Si. 2s. 6d.; in ether articles little doing.
Extensive business has been done for Mauritius during
the present week, and more than five or six ships fixed
which have engaged about 60,000 bags, or equal to about
one month's consumption in that island, and this has
been done to finish shipments before the approaching
Mahomedan and Hindoo holidays. The rates paid are
various, from Rs. 1-13 to R'. 2 a bag according to the
size of the vessels. A ship has been taken up to load
at Bassein on her return from Australia at 4/. 10s. pe
ton for a rice cargo, and another one for Rangoon at the
same rate after her return &ens Mauritius. Freights to
Bombay have gone down, and offers for dead weight at
Re. 1743 a ton and Rs. 14 for light freight are nowmaking
to ready ships only.
Tonnage at present is adequate to the demand, and
unless produce be plentiful and prices moderate in future,
the lirge tonnage shortly expected must cause a reduc-
fon on our present rates, unless ships prefer going after
thc, niiddle of November next. The long, and constant
holidays from the middle of October t,) the middle of No-
vember will induce ships arriving between this and the
20th inst. to secure cargo, and this inducement alone
mar affect freights very much.
INnfao.—lt is now almost a matter of certainty that
the crop of the ensuing season will fall short of 100,000
maunds.

Exports from Ist November, 1854, to Ist September,
1855 :

Chests. Maunds.
To Great Britain
France 6,141 22,459
North America
Red Sea, B )mbay, and Gulfs 1,613 6,114
Other parts 2O 54

Tot Al..

27,086 105,037