The Sun.
London, England, 1862-05-26 00:00:00

COMMERCIAL.

(Front the Calcutta Englishman, April 21, Evening.)
PRODUCE MARIIET.— We have no material changes to
report in this market, for the three days intervening since
our last mail have been close holidays.
IMPORT:~IARKET.~~Idvices from the interior, reporting
a largo business at advancing prices, led to considerable
sales in this market, and some advance was established on
Manchester goods. The reduction in the rates of duty has,
however, checked business, but holders show considerable
firmness, and no decline has taken place.
GOVERNMENT SECURITIES.--There is little to report of
fir Government securities ; higher prices have
been realised, and the favourable accounts from England
have strengthened the hands of speculative holders, who
look for a further advance when the Government purchase
for account of the note currency. This we think very
doubtful, even if the Government should purchase at these
rates, which is not probable.
MONEY MARKET.—There is no new feature to note in
this market. The demand for business purposes is limited,
and the supply very ample for all purposes.

CHINA.
The dates from China are Hongkong to April 14
and Shanghae to April 7. The news is almost en-
tirely confined to the proceedings of the rebels, be-
tween whom and the Europeans open and avowed

hostilities are now acknowledged. The China Over

!and Trade Deport says :
" Skirmishes have been frequent between the

allied British and French force, assisted by the
Taoutai's levies under the filibuster Ward on the
one side, and the Taepings on the other. Two re-
verses of a serious nature have been sustained by the

Taepings, and their cause in the neighbourhood of
Shanghae ig seriously damages. Sir John Mitchell,
the Britisl_ military commander-in-chief, has been

superseded by Brigadier Stavely, who has been,
since the Pekin treaty, commandant of the British

garrison at Taku and Tien-tsin.
" It would appear that the Imperial Government
have really been making during the winter pre
parations for a campaign on a large scale in the
spring. A large force collected a few weeks ago on
the north bank of the Yangtsze opposite to Nankin,
and after wasting much time in menacing it at
length attacked it. The Taepings again proved that
their resources are greater than was deemed pos-
sible. They hurried a portion of their main army
up from Haugchow, showing that the report which
was current of a famine prevailing at Nankin was
either untrue or greatly exaggerated. Had the
Imperialists made their attack before these rein-
forcements arrived they would probably hay e been
successful; but making it afterwards they failed
miserably. Subsequently the Taepings made a
sorties, and with comparatively a small number of

men drove the Imperialists before them.
‘• The strength of the Taepings may now be
partially estimated with some degree of precision.
They have large garrisons at Soochow and Hang-
chow. They are being besieged at Wuhu, an im-
portant city on the Yangtze. They hold Nankin,
as already explained, and then there is this heavy
force menacing Shanghae. Besides all these, they
hold other places not so well known to foreigners,
and it should be observed that much uneasiness pre-

veils even at Canton regarding them. Although the
allied British and French can undoubtedly easily
bombard and eject the Taepings from Shanghae,
Niugpo, Wuhu, and Nankin, there really appears
nothing worth mentioning to arrest the march of
these immense masses of insurgents south. Nor does
there appear anything reliable to prevent them from
carrying out their threat of ravaging the tea and
silk districts.
" Admiral Hope continues to attack the Taepings
in the most implacable manner. He appears quite
insensible to danger in hie measures against them.
He had a narrow escape of being made prisoner a
short time since, and has at length been wounded
in the leg whilst reconnoitring, accompanied by a
few of the Taoutai's levies.
" Tientsin is to be evacuated by the allied garri-
eon immediately, and only a small Britishforce will
be kept in one of the Taku forts until the balance
of the indemnity shall be paid. The troops thus
relieved will of course be made available on the
Yangtsze. About 1,000 French troops have been
sent on from Saigon. These have already been
despatched north.
" Her 11Iajesty's minister at Pekin still throws
difficulties in the way of British merchants and
missionaries visiting Pekin. This is the more pro-
voking, inasmuch as ether foreigners are permitted
to go by their authorities without let or hindrance,
nor do the mandarins throw the smallest obstacle
in the way.
" As for tradal matters they continue a subject
of congratulation. The spring has not yet suffici-
ently far advanced to admit of the season commenc-
ing, but the vigorous preparations which are being
made at Hankow and Kewkiang unmistakeably in-
dicate that a good trade is anticipated. At both
these ports the Imperial levies continue their eg-
gressive conduct towards foreigners and are almost
intolerable. It is likely that ships will load at
Hanchow next season direct for London. The
Peiho is nearly clear of ice, and prospects are good,
although business had not fairly commenced. The
trade of Foochow will be good if this matter of the
contemplated attack by the rebels can be overcome.
At Canton as much tea is expected as was received
last year.
4( The prohibition which was stipulated in the
treaty egaiust the exportatiou of pulse, 8z c., from