The Sun.
London, England, 1849-01-20 00:00:00

vitE S Nr, LONDON, fiAT ItIRDA Y EITENIN.G. JANUARY
_1840:

and surprise him? He has certainly not shown any great
degree of generalship.
" Shere Singh has taken away all the guns he bad
with him, and the powder whim he could not take he
ha 3 blown up. The report of the explosion made the
ground shake =der our feet. It was like a salvo of six
24-pounders.
"I was this morning not ten yards from the Com-
mander in-Chief, on the banks of the river. His Lord-
ship had at that time ascertained that the three batteries
on the island had been taken away, and not a soul was
to be found in the place. A ford was immediately
ordered to be traced out, and I saw the bamboos being
stuck in the bed of the river. Not long after we descried
an elephant, with four men, making towards ns from
across the river. As soon as it arrived, the Commander-
in-Chief questioned one of the men what was the news?
.He stated that he was in the enemy's camp selling to-
bacco, and that there had been a great fight, and the
enemy were completely beaten. Shere Singh had re-
treated towards Jallalpore on the Jhelum some 25 toss
(50 miles) distant. The 9th Lancers were now ordered
across the ford, and I saw General Gilbert plunging his
horse into the stream, and the troopers following him.
The 14th Dragoons left also at noon in the same di-
rection.
" I hear our killed and wounded have been about 400,
and that the enemy lost 4,000 in all. Lieutenant Ni-
cholson was with General Thackwell during the fight.
He afterwards came in, met Lord Gough, and left again
immediately.
" I understand Thackwell is after the enemy with the
Dragoons and Lancers."
" Camp, Ramnuggur, Dec. 5, 1848.

" Some more of our troops are now; crossing the river;
but it is rumoured that Lord Gough himself will not
cross, but move on towards Vizierabad, and let General
Thackwell finish the good work he has commenced.
" I have just heard on undoubted authority that
Thackwell has come up to Shere Singh at a place called
Dingab, some twenty miles from this. We expect to
hoar of an engagement immediately.
" The Seikh artillerymen, when charged (in the
fight across the river) by the 3d Dragoons and Bth
Light Cavalry, fought sword in hand by the side of
their guns.
"I do not know where Wheeler is. Chuttur Singh
is in the neighbourhood of Attock, and Herbert still
contrives to retain possession of the fort there. Had
Chuttur Singh j oined his son, I am sure we should have
had hard fighting, and the crossing of the Chenab would
not have been effected so easily. lam assured the posi-
tion of the enemy's batteries on the island was an excel-
lent one. The day before yesterday, when we kept up
firing all day from our guns;-1 went
furthermost breastworks. We had there two howitzers,
three mortars, and two 18-pounders. A few shots from
the enemy's guns passed over our heads—one on our
right, and one not far off on our left. Some of the
camp-followers, grass-cutters, Syces, &c., were actually
waiting for the enemy's shots, and when one was fired
you could see several running after the ball!
" I think Shere Singh will make a stand on the
Jhelum, and, when beaten there, he will make another at
Rhutas, a place of no mean strength. Our cavalry and
heavy guns will be of little or no further use, the coun-
try beyond Jhelum being rocky and difficult."

" It is said, and strongly credited, that Got'crnment
cannot annex the Punjaub in the face of the present
treaty, and that the only way to untie this gordia9 knot
is by endeavouring to persuade the poor boy Dbuirep, the
present Maharaja, to run away from Lahore, and throw
himself, nominally for. protection, into the arms of his
intended father-in-law, Chuttur Singh; by which means
the difficulty is surmounted, and no further:hitch occurs
in the intended annexation. I saw a letter yesterday
from —, who has been for twenty years to the
Lahore Durbar, in which he mentions the names of two
of the conspirators, men in .our pay, and Mendip to our
views, who have agreed to.steal away the infant Dbulecp
and carry him' to Chuttur Singh! • " A
native report, in the city of Umritsir, this very morning,
states it to be the gup in the Bazar that Dhuleep has
been carried away from Lahore. * s*
" The same writer supplies us with the following list
of regiments in, or on their way to the Punjaub or the
banks of the Sutlej. This may be of use to people at
home :

"3d, 9th, and 14th Dragoons; 10th, 24th, 29th, 323,
53d, and 61st Foot ; 2d Europeans ; Ist, 3d, 4th, 7th,
Bth, 9th, 13th, 15th, 18th, 22d, 23d, 25th, 28th, 29th,
30th, 31st, 36th, 37th, 45t109th, 50th, 51st, 52d, 53d,
56th, 69th, 70th, 71st, 72drrnd 73d Native Infantry.
All these corps are either lit the Jullundur Doab, at
Lahore, or Moulton, or with the Commander-in-Chief.-
Grand to'alL3 Regiments Dragoons, 6 of Queen's In-
fantry, 1 of Europeans, 32 of Native Infantry, and 7 of
Native Cavalry-in all 49 Regiments of the line.
" For the reserve, under Sir Dudley Hill, we have the
98th Foot at Umballah, the 'lBdt Royal Irish on their
way up' from Calcutta, the 2d and 47th Native In-
fantry at Umballah, the 17th marching up to the frontier,
the 19th ditto, the 20,11 ditto, the 34th ditto, the 58th
and 60th ditto, the 61st ditto, and the 62d ditto, and the
Sirmoor battalion from Deyrah. Grand total-Two
Queen's corps of Infantry, and twelve corps of Native
Infantry. Why, the whole of oar provinces are TAW
denuded of troops, and if the Nepaulese should come
down, they will carry everything before them. So much
for the second Punjaub war."

Safflower—The choice being confined to the lower
and very inferior qualities, held above their relative
value, not a single transaction transpired. The out• turn
of the crop proves now not to exceed 16,000 maunds, of
which from the Ist of March to the sth instant 10,801
maunds have been exported to Great Britain. against
7.053 reminds during the same period of 1847 ; to
Franco 367 maunds, against 636 ; to North America,
257 maunds ; and the remaining stock here is computed
at 3.500 =ends,
Raw Silk—A good demand has existed for this article
from the date of our last report until lately, when there
has been less desire to buy manifested. The smallness
of the stocks of native manufacture has, however,
limited operations to a less extent than would otherwise
have been the case. Amongst the reported sales we
have to note a sale of Cossimbazar and Goonateah dry
kind European filature at 9r. Ba. per tyseer. Reported
sales-172 maunds Cossimbazar, at 6r. 7a. to 6r. 12a ;
140 maunds Radnagore, at 6r. '2a. to 6r. 10a.; 50 maunds
Gonatea, at Gr. 2a. 6p. ; 111 maunds Ilurripal, at 7r. to
7r. 14a.

Silk Piece Goods—The market for corahs is flatter,
but holders are still asking 10r. per corge abwe the
minimum rates, which has checked the disposition to
buy. Reported sales-1,900 pieces at•Bs to 105 per corge.
Sh( 11 Lac and Lac Dye have both continued in good
inquiry for the English, as well as for the American
market.

Hides—Since our last report the brisk inquiry for the
better eescliptions of hides, which was experienced in
the early_part of the month, fell off considerably about
the middlE of the month. However, the market was not
allowed to remain long in that state, as the arrival of
some former speculators in this article cans( d the Bazaar
to take a sudden turn upwards, particularly the lowest
descriptions, which are now about 100 per cent. advanced
on the October prices. The French have again been
buyers of medium qualities to a moderate extent. The
Americans are still large buyers of cow and buffalo
hides, and also of goat skins. The Bazaar has been for
some time bare of all the better qualities.
Jute—This article has been going forward very
freely, but the increased supply has caused a fall in
value from our last quotations at 10r. per bale for second
quality, which is' the best description at present avail-
able ; reported sales are 2,000 bales, at 9r. Ba. to 11r.
145.; 200 mds.. ditto, at 10r. 4a. to 10r. Ba.
Oil Seeds—The Americans have been buying linseed
pretty freely, ar, however, unaltered prices; very little
has been done for the British market. Reported sales
2,164 bags, at 2r. to 2r. 2a. per maund, and 8,000
maunds, mustard seed for Great Britain, at 2.2 to 2.4
per maund.
L.. vccfu sintriligiy snipped to
Great Britain since the date of our last report. The
French have taken a small quantity. Reported salcs-
-1,000 bags, at 2r, 15a. per maund.
Ginger—The Americans are still the chief purchasers
of this root. Reported sales-200 bags, at 3r. 12a. per
maund.

Rum—The shipments going forward are still only on
account of manufacturers.

Cotton—We have heard of transaction in this article.
Opium—The first sale of the new season's supply
was held on the 27th tilt., and produced the following
results:—

Chests. Highest. Lowest. Average. Proceeds.
Patna ... 2,220 775 770 7,600 16,87,600
Benares 820 745 730 734 6,02,000
Although these rates are higher than was anticipated,
3 et the value of the drug has advanced since the sale to
805 to 810 for Patna. and 770 to 775 for Benares.
Exports in November:— Chests.
To China .. ••• ... 530
Singapore and Penang • ... 517
Moulmein ... ••• 5
Exports as above:—
To China . ••• ••• `,868
Penang and Singapore ... 55
IMPORTS FROM EUROPE.

... 1,868

British Cotton Pirce Goods—Our last report was
dated the 18th ult., since when we have continued to
experience a lively demand for all kinds of Manchester
plain and useful consuming cloths. Of these sates bare
been extensive, and at rates fully supportiegformer quo-
tations. Stocks are now considerably reduced, and this
circumstance, coupled with the moderate importations
which we are likely to receive for some months to come,
has rendered buyers much more animated, so that when
the pacification of the Punjaub is announced we may
expect a large and profitable trade with all parts of the
interior. Mule twist has attracted and increased share
of attention, and large sales have been effected at fully
former rates, if not somewhat above those current a
fortnight since. Scotch goods have slightly improved,
at least so far as regards the increased facility of making
sales; but there has been no improvement in the value
of any of the light fabrics, which have for so long a
period been selling at an enormous discount on invoice

pricey.
The market for metals Las continued very quiet, and
scarcely any change can b© recorded.
Grey Shirtings—A good business has been doing in
all sorts of 40-inch cloths ; 50 to 60 reeds at about for-

mer rates, while in the higher counts there has been an
increased demand, with every disposition on the part of
dealers to pay rather better prices. Stocks of these
latter goods appear to be very moderate, and some parties
are holding firmly for an advance of 2a. to 3a. per pit cc',
which they aro likely to realise. An improved inquiry
is obEervuble for 45-inch cloths, and 50-inch ones are
also selling at better rates.

White Shirtings, which, at the date of our last report,
were not in active demand, have since bet n more sought
after, and sales latterly have been on a fair scale at some
little improvement on former prices.
White Twills have come into more general demand,
and sales are now frequently effected at Company's Re.
6 4s. to 7r. per piece.
Madapollarns—Recent arrivals have been readily
plc; ed at good rates, and stacks of both bleached and
grays continue light.
Jacoriets—A lively demand has prevailed for both
bleached and gray at full rates, and reported transac-
tions are extensive, with the prospects of a fair market
for some time to come.
White Cumbrics have changed for the better. Slow
demand still prevailing.
Vb'hi.e Figured Cambrics and Shirtings—These con-
tinue to do well, and stocks are by no means overdone.
Lappets—As compared with the insignificant busi-
ness lately done in this branch of trade, there
has within the past fortnight been considerable
sales. There is, however, so ry little, if any, improve-
ment, in the value of any description of these goods; and
the only cheering feature of them is, that parcels are
now gradually moving off, which, for months past have
been as fixtures in the importer's go-downs. .
Book Muslins—Only one small sale of the kind suit-
able for Rangoon is reported, viz., at rupees, 1-2.3 for
No. 1, with a consecutive rise of 3a. per piece for the
higher numbers. Fine goods are in moderate inquiry,
and bring fair rates.

ZMull Mulls—The stocks of low and ordinary quali-
ties are very moderate, and command ready sales at
comparatively fair rates. There has also been more doing
in the best sorts, such as 50-inch goods at rs. 5-12 to
re. 8 5 per piece.
Turkney Red Mulls continue without any favourable
change.
Turkey Red Printed Mulls—Some of the best styles
have within the last few days been in slightly better re-
quest, but generally speaking this class of goods is doing
almost as badly as ever.

Turkey Red Twills and Cambrics—A fair inquiry has
prevailed for narrow plain cambrics, and sales are re-
ported at 4a. 2p. to 4p. per yard. Twills are in less de-
mand, although there are purchasers of 6-4 and 8 4
gocds at moderate prices.
Prints and Chintzes—A few trifling sales of this class
of goods have come to our notice, and the demand for
nearly all sorts is very languid; while the inquiry which
of late prevailed for best Turkey red chintzes seems to
have in a great measure subsided.
Dhooties and Scarfs—We note a considerable sale of
lappet scarfs of qualities ranging from 6 and 9 picas to
Ir. sa. 9p. per piece: generally, however, the demand
for this class of goods is very languid.
Woollens—Latterly there has been a more general
demand for almost all qualities, and small sales are al-
most daily reported.
Mule Twist—During the past fortnight this important
article has continued in good request, and as purchasers
have been fairly met by holders, a correspondingly large
amount of sales are reported at prices equal to, or a
shade above, those formerly current.
Coloured Yarns remain without any change of im-
portance, only a few transactions being reported since
our last. The tendency of prices, however, appears to
be slightly in favour of holders. In green and orange
but little has been done.

Copper has undergone little or no change of conse-
quence; the value still remains low, nor do we at pre.
sentseberaazniyerisndaitcactito. nrsupoefeas more; ol
lively demand.
We quote Tile at Sicca rupees3d3;;tl ; sheathing and
thick
36-12.
Iron—The market is well supplied with all sorts ex-
cepting sheet, but rather dull, and prices lower without
inducing any large amount of transactions. Our quo-
tations are, common flat 2-10; ditto, in bundles, 8-12;
square 3.4; bolt 2 12; hoop 5-4; nail rod 4; round ditto
4-12 to 5; sheet 5 6, and 6 for doubles; 10,00 maunds
English flat, bar, and bolt at Company's 2r. I la. 3p. to
2r. 15a. 6p. per fancy maund; 200 maunds hoop at Com-
pany's Sr. 3). per fancy maund; 2,400 flat round at 3r.
3a. per fancy maund.
MONEY MARKET.

CURRENT VALUE OF GOVERNMENT SECURITIES, BANK
STOCK, &O.

Transfer Five per Cent.: - .:. 10 00 to 11 0 0 prem,
Second ditto ... 4 40 to 48 0 disct.
Third ditto .. ... .. 4 40 to 48 0 ditto
New ditto .. ... ... 0120 to 14 0 ditto
Company's Rs. Four per Cent.... 17 0 0 to 17 8 0 ditto
Sicca Rupees ditto ••• '" 18 00to18 8 0 ditto
Bank of Bengal Shares, Co.'s Rs. ... 1,700 prem.
Agra Bank ditto ... ... ... 60 to 70 ditto
N. W. Bank ditto ... ••• ••• par.
Cawnpore ditto

FREIGHTS.
London. Liverpool.
£4 15 otos 17 6 £4 10 oto4 12 6
4100 to 4 12 6 4 50t04 10 0
4 117 6to 5 00 4100 to 4 12 6
4 15 0 to 0 00 4 0 0 to 4 50
4 00to 4 50 400 to 0 00
5 0 0 to 5 00
5 0 0 to 5 00
To Mauritius.
Rice, Co.'s Rs. 1-8-0 to 1-10-0 per bag, payable there.

Sugar...
S petre
Rice ..
llides
Jute ...
Raw Silk
Indigo

'Co China.
Cotton Nominal.
Opium ... 7.0-0 to 8 0-0 per chest.
During the lait fortnight arrivals have been moderate
and rates have kept steady at about the above quotations.
Spelter—The continued improvement noticed in our
last has not been maintained; sales have been trifling,
and the value cannot now be quoted higher than Cut,-
pany 's Rs. 7.6 per fy. maund.
Lead—We note a sale of 300 kegs red lead at Com-
pany's rs. 15 per fy. maund. Pig is down to 1 anna,
and may be quoted at 7-10.

Stell—Two or three sales of Swedish are reported at
Company's rs. 6.4 to 6-5 per fy. maund.
Salt—Several further cargoes have arrived, and sales
are reported as follows :

14,000 mauLds Liverpol at Co.'s Rs. 98 per 100 mound:,
6,500 Pang a, ditto „ 103
_ _ _

6,000 „
ft ••• ,I 101 ll
Beer—The two favourite brands have moved off gra-
dually without farther change in value, and the season's
supply of Bass's, comprising 4,500 hogsheads, has been
nearly all cleared.off by the importers, showing prim to
have ranged from Company's Ha. 80 downwards to 52r.
Ba. per hogshead; of Alsopp's there only remains a small
quantity unsold, the range of prices in which has been
very similar to the above mark.

A sale of Tennant's is reported at Company's Rs. 37
per hogshead.

BOMBAY.

REPORT ON THE STATE OF THE BOMBAY MARKETS
FROM DEC. 2 To DEC. 15.
Telegraph arid Courier-office, Bombay, Dec. 16.
The Bombay market may be considered at present in a
healthy state, especially as regards piece goods, for
al hough the transactions quoted below show a small
amount of sales, the prices obtained have been satisfac-
tory. The stocks are light, and supplies continue mo-
derate, and as large sales have been made to arrive, the
particulars of which have nut been made public, we may
safely augur an active and remunerative demand through-
out the season.

The Mcney Market remains as last reported on. On
good security it is easily obtainable.
Government Securities have slightly improved, and
may now he quoted:—Government Five per Cent. Sicca
Loan Company's Rupees, 102 to 1021 per cent.; Four
per Cent., 85 to 86 ditto ; Five per Cent. Company's
Loan, 93 to 984 ditto; Four per Cent., 82 to 82i ditto.
Bank Shares—The shares of the Oriental Bank fell to
28 per cent. discount, but have again advanced to our
quotations, at which rates few shares are offered.
Bombiy Bank .......331 to 34 per cent. prem.
Oriental Bank ... 20 ditto dis.
Commercial Bank ... 14i to 15 ditto.
Agra Bank ... 7 to 8 ditto prem.
Bank of Madras ... 1 ditto dis.

Exchange—There is no alteration to report in Eng-
lish exchange, but the tendency appears upwards, as
there is no great demand for this mail, and parties hold
out, in hopes of the rate advancing on the arrival of the
next China mail.

On Calcutta the rate has advanced to 100* per cent.,
thirty days' sight, and 1001 to 1- at one and three days'
sight for Bank bills, and 9QA to 4 for Paat Tndia enm-
ptaby s wits at may days' sight, of which few have been
offered. Native bills are procurable at 994 per cent.
On Madras and China the rates remain the same as
when last quoted.
Freights—Very little has been done in freights dur-
ing the past fortnight. To London we quote 31. as the
rate of the day, and to Liverpool 2/. 153. to 31. Freights
to China within the last two or three days have retro-
graded owing to an influx of tonnage. On the 13th
instant we quoted 14irs. as the rate, and to-day our
quotations must be one rupee under that rate. In the
ensuing week they will doubtless advance again.
The first Government opium sale of the season teok
place at Calcutta on the 27th ult.
Mr. A. G. Latham, of the firm of Messrs. Ewart,
Lyon, and Co., and Sir Jamsetjee Jeejeebhoy, have been
elected directors of the Bank of Bombay in the room of
Mr. John Parsons and Cursetjee Jamsetjee, who have
retired by rotation.
Cotton Manufactures—We need not repeat here that
tie demand for these goods is generally active, prices
remunerative, and stocks light. Domestics are in good
demand, especially the heavier makes; so are grey shirt-
ings, but there are none of these,in the market. The
same may be said of grey maddapollams and jacconets,
both as to stock and demand. For the sales reported
increased prices have been obtained. Of bleached goods
the market is entirely bare, consequently supplies are
got ri(l of on arrival at high prices. Turkey rods have
not clringed in value, and there is a fair demand for
them. We have heard of largo transactions in prints,
but the prices accepted will prove unremunerating to
the importer.

Cotton yarns—From our quotations it will be seen
that this branch of our trade has not enjoyed the same
active demand which peice goods have experienced. As
stocks, however, are light, and we believe supplies on
the way are limited, yarns are likely to advance with
the season. There is scarcely any ii.quiry for dyed
yarns; no sales are reported.
Mule and Water Twist-110 bales mule twist, 3001 b.
each :—Mule No. 30, 611.; No. 40, Mi.; No. 50, Bia.;
No. 60, na. per lb. 35 bales water twist, No. 30, at 7a.;
No. 40. at 71a. per lb. Water twist-65 bales, 4001 b.
each, Nos. 20, 22, 24, and 26, at 6is.; No. 30, at 7ka.
Woollens are very dull of sale.
Metal:—The market is completely cleared of copper,
and the first arrivals will meet with good prices. Iron
has also experienced a slight advance since the departure
of the last mail. Spelter is in little demand, and has
declined somewhat. Lead is quoted a trifle higher. In
iron Oates there is no change; Swedish steel Is inquired
for, but no sales are reported. The following are the
sales:—

300 cwt. sheathing copper ... at.6or. per cwt.
600 candies English bar iron... „32 per candy.
150 ditto nail rod square „ 35 „
Cochineal—ln this article we have heard of no sales
since our last, the rate is nominally 3r. to 31r.
Saffron may be quoted at 13r. to 14r., but in it we
have heard of no transactions.

Beer—The price of beer has given way within the last
two weeks, and in consequence of this the following
sales have had eff ct:—

150 MI6. Alsopp
120 „ Bass ...
100 „ Whitbread

... 65r.
... 65
... 40

Gin—A sale of 150 cases of gin at 141 r. per kilder of
15 square bottles is reported.
Cotton—The last advices from Europe have continued
to discourage shipments thither, consequently the sub-
joined note of transactions have been for the China trade,
we understand entirely on native account.
Opium—We quote Malwa opium at 1,245 r. to 1,250 r.
per chest. In other descriptions of produce we have
heard of no transactions.

packages; for the American market 12,000, and for
England 8,000. Prices have been easier for the middling
kinds of Moyunes and Wychow teas. The stock is said
to amount to about 40,000 paeliage, half of which are
Taiping skins and Twankays.
The export to Great Britain from the Ist of July to
date, including the cargoes of the Nautilus, the John
Dugdale, and the Juliet. is—black 3,670,425, and green
615,709. Total, 4,286,1341b5. •
Exchange—There have been a few transactions at tie
rate of 4s. sd. the Shanghai dollar for bills at six months'
sight with shipping documents.
Freights—To Great Britain, tea 41., and silk 41. 10,.,
with an abundance of tonnage. Loading, the Lady Sale,
the Eliza, the Ellen, and the James Scott for London, the
Eliza Killick—a market.

CANTON MARKET REPORT.
(November 27, 1848.)
The import market has been extremely dull through.
out the month, and the prices of most articles have de-
clined. Holders being generally unwilling to submit to
the reduction, a very limited amount of actual business
has been the result.

Raw Cotton—Sales of this article have been confined
to about 12,000 to 13,000 bales, at a heavy reduction on
the rates of last month. Best Bombay is quoted at 7
taels; Bengal and Madras, 8.6 to 9 taels.

Cotton Yarn—Very low prices are quoted, but little
or no business is doing, the market having been fully
supplied from the late arrivals. The lower numbers are
most in demand.

Cotton Cloths—Stocks moderate, and sales limited.
Woollens tire also much depressed.
Long Ells, well assorted, are quoted at 7.90.
Spanish Stripes, ditto, 1.15.
Metals generally are firm, especially rod and bar iron
small round rod is quoted at 8 dollars; nail rod 5 du!
lags 20c. to 5 dollars 30c.