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, wi'h 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 were
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 AMERICAN MAIM—LIVERPOOL, Oct. 18.—The
United States' mail steamer Baltic will leave this port
cargo,
and New. York on Saturday, with the mails, a. fulld t
ed
and a large number of passengers. Letters intended
her should be posted in Liverpool before 12 at; noon,
with late fee at 1 p.m., and at the jandirg-etao at
0 PM.

ANTICIPATION OF THE OVERLAND
MAIL.

Our (Morning Herald) papers and letters from
India, in anticipation of the Overland Mail, have
just arrived. They bear 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, has
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 Kotagherry, 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 Peroze 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 nex
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 of 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 abou:• to take place in the affairs of
the country, even if it is not to be annexed. Au
officer of the Commissariat has been sent to pre-
pare a camp for the Governal-General on the
Oude frontier, and the forces at Cawnpore and
Bewares 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 Ansoe,
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 Dorin
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
ai.d 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 between the Maharaja Goolab Singh
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 Rajpootaua, 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 the'Gange 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.
(From the Bengal Hur/cam 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 tie 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 goods 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.
mg much of the want of rain, and apprehensions are en-
tertained of damage to the crops. We hope these
apprehensions will prove groundless, otherwise our im-
port trade will experience a further depres-ion.
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 in our last, is
being felt principally by holders cf government secu-
rities. There is no doubt that the gradual inere:ise
of the Bank of Bengal rates during the past month is
attribut.ible 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 consi-
dered the result of the opening of the ill-timed and
ill-
managed 5 per cent. "Public Works Loan," which hate
drained the market of a considerable portion of funds,
which otherwise would and ought to have been used fur
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 on
the part of Government, which, in spite of its neee3sitY,
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 fro this
that their anticipations that immediately after the clo 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 pre-
mium of 1 to 11 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 tve
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 their
highest limit and increasing the margin on loans have
already caused a serious depreciation in the value of go-
vernment stock, and the only consolation left to the
though unexpected circumstances stock-
holders is the hope, however remote, th?,,,,thstome favourable
,ngccuorvetro
h
save them from the heavy losses whichit,
now yet occur
their beads. Permanent stockholders, although their
property is now much depreciated, have not suffered 'o
d predicament. Throughout last week Sicca
that extent as the speculators, who find themselves in a
Very lit 4

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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
tightness 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
sash.

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 waited at 51. 65., but offers have not
been made abcve 51. 2s. 6d. ;in other 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 Es. 1-13 to Re. 2 a bag according to the
size of the ves=els. A ship bas been taken up to load
at Bassein on her return from Australia at V. 10s. pa
ton for a rice cargo, and another one for Rangoon at the
same rate after her return from Mauritius. Freights to
Bombay have gone down, and offers for dead vvei' t at
Rs. 17-8 a ton and Rs. 14 for light freight are novimaking
to ready ships only.
Tonnage at present is adequate to the demand, and
unless produce be plentiful and prices moderate in future,
the I,rge tonnage shortly expected must cause a reduc-
t on on our present rates, unless ships prefer going after
th reiddle of November next. The long and constant
holidays from the middle of October t') the middle of Nw
vember will induce ships arriving between this and the
20th inst. to secure cargo, and this inducement alone
mar affect freights very much.
INDIGO.—It is now almost a matter of certainty that
the crop of the ensuing season will fall short of 100,000
=undo.

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

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

T0t%1..

27,080 105,037

EXPEDITION IN THE STRAITS OP
KERTCII.

(Prom yesterday's Moniteur.)
The Minister of Marine has received from Ad-
miral Bruat a letter, dated Oct. 2, containing the
following information "
The expedition against Taman and Phanagoria had
been postponed through various causes, and I had de-
cided on directing Commander Bouet to carry it out
with the means he already had at his disposal, and
without waiting for further orders. lam happy in being
able to announce to your Excellency that this expedition
has been completely successful, and that the results are
not without importance, for they deprive the enemy of
the basis of operations he might have selected for a
winter campaign. Taman could receive and shelter
several thousand soldiers. At Phanagoria vast edifices
might serve as hospitals or barracks.
"Commander Bouet has not yet been able to prepare
a complete report of all the circumstances attending this
expedition. I hasten, however, to transmit to your
Excellency the details he gives me.

"On the 24th of September the combined expedition
set sail from the Gulf of Kertch and steered for Taman.
Commander Bouet had collected ten gun-boats ; Captain
Hall had taken away three of them, one paddle-steamer,
and one steamer of light draft, well adapted for the con•
veyance of troops. On arriving off Phanagoria, Com-
mander Bouet had a few shells thrown into the interior
of the redoubt for the purpose of causing it to be
evacuated. In the meantime the gun-boats laden with
troops continued their route, and effected a landing one
mile to the east of the fort, at a spot where the cliffs are
low enough to allow the plain to be swept from the sea.
The Cossacks, however, collected from all sides, and
several arabas were on the move, carrying off into the
interior whatever could be hastily removed. The dis-
embarkation met with no opposition. At four o'clock
in the evening the troops were collected in the establish-
ment, which had been completely abandoned, but left
intact. Before night all the arrangements of defence
were made. The Allied troops had before them from
six ti eight hundred horsemen, who retired as soon as a
few shells were thrown among them. The next morn-
ing we were occupied with demolishing each of the
houses of Phanagoria as might furnish materials for the
construction of barracks at Cape St. Paul.
" We found at Pbanagoria sixty-six pieces of cannon
and four mortars, which were already unserviceable.
At Taman we discovered eleven 24-pounders buried in
the sand, and broke up their carriages. Commander
Bouet praise• highly the active and cordial co-operation
of Captain Hall and Colonel Osmond. He thought
that by the 2d or 3d of October the destruction of Taman
and Phanagoria would be complete, the removal of the
materials on Cape St. Paul finished, and that he should
be able to return with the troops and the flotilla to the
Gulf of Kertesr."