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

CHIN A.

We have received the following letter from our
correspondent at Hong-Kong, dated the 30th of
November :

" The Peninsular and Oriental Company's steamer
Pekin, with the mail of the 25th of September, arrived
at noon on the 26th instant. She was detained at Galle,
and had a passage of fifteen days from Singapore; she
brings on 1,800 chests of opium.
" rhe colony continues healthy, and the weather of late
has been very favourable. We are happy to say his
Excellency the Governor is recovering from the accident
he met with, though he is still unable to walk. At Can-
ton nothing striking has occurred during the month; all
remains quiet, but the question of opening the gates on
the Ist of April next is not passed over; there appers to
be an impression that, with the.troubles at home, every-
thing will proceed by negotiation, and the question be
kept open. There has been a report that Seu, the pre-
sent Commissioner, was likely to resign ; he is an un-
popular and impracticable man.
" Trade has not been very brisk during the past
month, and prices have been -discouraging for most de-
scriptions of imports. Shipments of tea have been con..
siderable as usual during this month, but the export is
much short of last year's at this time, and the remaining
stock is by no means large.
" The Hon. Company's steamer Phlegethon remains
at Canton. The Pluto came down here to take the mail,
but we hear she will proceed to India to refit. Her Ma-
jesty's ship Childers is to go to Bombay to repair da-
mages and take in her armament.
" Her Majesty's steamer Medea proceeds to the
southern ports and to Shanghai to-morrow, with supplies
for the men-of-war.
" The Admiral is expected from Singapore in the
Inflexible steamer.
" Her Majesty's ship Hastings is coming up in com-
pany with her Majesty's steamer Fury.
" His Excellency John W. Davis, the American Com-
missioner, remains at Canton. We hear he intends
going to Manilla after paying a visit to Hong-Kong.
" Our dates from Amoy are to the 27th inst.; there
had been some demand for imports and a fair business
doing. Her Majesty's ship Columbine, Commander
Hay, was spoken going into port.
" Her Majesty ship Scout remains at Foochow.
" Our latest advices from Shanghai are to the 21st,
and from Woosung to the 24th instant, per Howqua.
The prevailing sickness was disappearing, and severe
weather had set in, the thermometer being down to 30
degrees, having fallen near 40 degrees in one day.
Trade had been brisk during the month, though prices
had declined for longcloths in consequence of barter oper-
ations, the natives forcing off their purchases. Teas were
a little firmer. The late purchases of silk were in course
of shipment; the market had declined for the low quali-
ties of Tsatlee ard Taysaam; the crop is still reported to
be short one-half of last year's; no fine silk to be had,
and the bulk of the shipments are of middling and in-
ferior qualities.
" The last arrivals at Shanghai from Hong• Kong are
the John Buny an, with the August mail, the Sylph, and
the Sydney, the Kelpie and the Mischief still keeping
oat. The Juliet and the James Scott had sailed for
England. Her Majesty's ship Mariner was in port.
" We have had a continuation of severe weather on
the coast. The Dart, Harbinger (2d time), and the Sir
Edward Ryan, bound for Woosung, have put back to
this port during the month.
" Our latest dates are—from London, Sept. 25 ; Cal-
cutta, Oct. 8; Bombay, Oct. 18; Madras, Oct. 13; Singa-
pore, the 11 th inst.; Manilla, Oct. 20; and Sydney,
Oct. 14."

COMMERCIAL INTELLIGENCE.
INDIA.
CALCUTTA.
(From the Englishman of December 7.)
. .

The Bombay exprejs with the London mail of the
24 h of October came in yesterday morning, bringing
the intelligence of another revolution in Austria. The
commercial advices cannot be deemed satisfactory, and
the disturbances at Vienna will doubtless retard the re-
turn of trade with the continent to a healthy state.
Our export markets hare shown a greater degree of
animation than they have for some time past experi-
enced. Four small public sales of indigo have been held,
which went off with spirit, and at better prices than had
been generally anticipated. Sugar has been in good
demand, at an advance in the superior qualities. salt-
petre has also been in active request, at an increase in
value of 2to 4 annas, with an upward tendency. Raw
silk has been in fair inquiry. Corahs are flat. Rice has
been neglected. No transaction has taken place in saf-
flower. Jute has been freely shipped, but has neverthe-
less given way in value.
Our import market has experienced a lively de-
mand for all kinds of plain and consuming Man-
chester fabrics, which have induced extensive sales
at full rates; stocks have been considerably re-
duced, and as imports are expected to be compara-
tively small for some months to come, we have every
reason to anticipate, when affairs have been settled on
our north-west trontier, a large and advantageous trade
with most of the interior marts. Mule twist has also at-
tracted an increased share of attention, and large par-
cels have changed hands at full former rates, with an
upward tendency. The demand for Scotch goods has
alto increased, and holders can now make sales, but
without any improvement in value. Metals continue dull.
We have little change of importance to note in our
money- market, which continues abundantly supplied for
all kinds of approved investments. Government paper
hay experienced a little increase in value, our quotations
of late being 12s. to 1.4 discount on New Fives ; 4.4 to
4.8 sicca ditto; 17 to 17.8 Company's Fours ; and 18 to
18-8 sicca ditto ; Bank of Bengal shares, 1,700 to 1,725
premium. The profits of the bank during the past five
months have not yet been announced, but this is not
likely to exceed 6 per cent per annum on capital stock.
Exchange has improved in favour of remitters and first
class document bills have been placed at 1-104. Our
quotations during the period under review may be taken
at 1 -10 to 1-104. Some second-class bills are offering
at 1-10 k. The advances of the export warehouse on the
hypothecation of goods now amount to 11,87,000 r. The
exports of bullion during the past month to Great Bri-
tain amount to 3,97,228 r. in value. .

Freights, excepting for tonnage in first-class passen-
per ships, have slightly given way, but, as arrivals
during the past fortnight have been moderate, rates are
kept steady at cur quotations, which are 41. 15s. to 41.
17s. 6d. for sugar, 41. 10s. to 41. 12s. 6d. for saltpetre,
and 41. 17s. 6d. to 5L for rice to London.

Indigo—The transactions since our last issue were
confined to four public sales, enumerated below, which
went off with spirit at from •10r. under to sr. above the
averages obtained for the same- marks during the
past season, the difference arising from the more
or less improved quality of the new produce.
A quantity of about 600 chests is to be offered
at auction to-morrow, the tendency of which is expected
to be guided by the advices of the result of the
London October sale now at hand per express, hereby
fairly opening our market. The arrivals of this season's
indigo amount at present to 3,500 chests, and these, in
most instances, weighing in lighter than previously ex-
pected, a circumstance further confirmed with reference
to the produce on the way and at the factories, the gene-
ral estimate of the total out-turn of the crop seems now
fixed at 125,000 maunds, with more probability that it
may turn out 1,000 to 2,000 maunds less, than any more.
Sugar—The demand has been improving, and became
within the last week very active, which, with a reduced
stuck, principally held by two hands, has led prices to
an advance of 6 to Ba.,
_ and the .transactions since our
By
buyers
uti
bt:eai urns
last amount to 5,800, bags Benares, superior Ist 8-3-0,
fair Ist 7-12 to 8-0, 2d 7-2 to 7-6, 3d 6-6 to 6.12, low
6.0 to 6.4; 850 bags Dumma grey 5-6 to 5-10, yellow
4c5..04948tti00p(5,5r-
-046;1842t408731b2ba
bags
ID ni l
ilrobwo 0 grey r ey
yellows - 12
4t 0.75;-124,
6, yellows
50
bags
sGo
or toms
eernyt s 1
Ist
tf
8. various
1.2,, 3
d', qualities,BB..Bo 2,15 bagso7-o to Bally84; 1i1,h2a510, in
bagsas -
Exports as above—
To Great Britain ..• . 146,783 mds.
Exports from the Ist to the sth of December—
ibncar.v.ea.aseedn
t.einreqduiuryp3o2in'o, 9romsh osmrmadel. ship-
ments, h
activei p -
m eSn at ;sit ,',po eGt rree—a t
generalN
operations, which enabled holders to obtain 2r. 4a. en-
hanced rates, at which the following transactions are re-
ported since our last:-1,000 begs refined, 6r. to 6r. 4a.;
2,500 bags, Gudna, sr. I('a. to 6r.; 363 bags, Tirhoot,
4r. 12a. to 6r.; 600 bags Cawnpore, 4r. 13a. to 6r.;
2.670 bags, Allygunge, sr. 12a. to 6r.; 6,900 bags,
Chuprah, 4r. sa. to sr. 9a.; the market closing with an
of low qualities.
upward tendency and a reduced stock, principally con-
sistingneglect pulse prevails unabated,
andlitchee—trTahne saction
ssince of
this
our
bags table sort new crop, superior quality, 2r. 4a.; 600
islast were limited to 300
bags, last season's growth, middling much broken,
lr. Ba.; 500 bags Moonghy, lr. la. 6p. to 1r • 2e., this
latter kind being fully la. lower.

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 maunds during the same period of 1847 ; to
France 367 maunds, against 636 ; to North America,
257 maunds ; and the remaining stock here is computed
at 3,500 maunds.
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
hare been the case. Amongst the reported sales we
have to note a sale of Cossimbazar and Goonateah dry
kind European filature at Or. 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 6r. 2a. 6p. ; 111 maunds Hurripal, at 7r. to
7r. 14a.
Silk Piece Goods—The market for corahs is flatter,
but holders are still asking 10r. per corge ab ve the
minimum rates, which has checked the disposition to
buy. Reported sales-1,900 pieces at 85 to 105 rar corge.
Sh,ll Lac and Lee Dye have both continued in good
inquiry for the English, as well as for the American
market. .

Rides—Since our last report the brisk inquiry for the
better eescriptions of hides, which was experienced in
the early part of the month, fell off considerably about
the middle of the month. However, the market %as not
allowed to remain long in that state, as the arrival of
some former speculators in this article caused 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 stilt 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.
14a.; 200 mds., ditto, at 10r. 4a. to 10r. Ba.
Oil Seeds—The Americans have been buying linseed
pretty freely, at, 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.
Cutch—This article has been sparingly shipped to
Great Britain since the date of our last report. The
French have taken a small quantity. Reported sales-
-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
mound.

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 ult., 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,
yet 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 ... ••• ••• ••• 1,868
Penang and Singapore ••• ••• 55
IMPORTS FROM EUROPE.
British Cotton Piece 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 sales have
been extensive, and at rates fully supportingformer 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
prices.
The market for metals has continued very quiet, and
scarcely any change can be 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 piece,
which they are likely to realise. An improved inquiry
is observable 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 been 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 Rs.
6 4a. to 7r. per piece.
Madapollams—Recent arrivals have been readily
play ed at good rates, and stocks of both bleached and
grays continue light.
Jaconets—A lively demand has prevailed for both
bleached and gray at full rats, and reported transac-
tions are extensive, with the prospects of a fair market
for some time to come.

White Cambrics have changed for the better. Slow
demand still prevailing.
Whi:o 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 doLe in this branch of trade, there
has within the past fortnight been considerable
sales. There is, however, very 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.
„Mull 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
rs. 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
goods 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 pices to
lr. 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-
sent see any indications of a more lively demand.
We quote Tile at Sicca rupees 33-4; sheathing and
thick braziers at Ct. rupees 38; old at 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. por fancy maund ; 200 maunds hoop at Com-
pany's sr. 3a. per fancy maund; 2,400 flat round at 3r.
3a. per fancy anaund.
MONEY MARKET.

CURRENT VALUE OF GOVERNMENT SECURITIES, BANK
STOCK, &C.
Transfer Five per Cent.... ... 10 00to11 0 0 prem.
Second ditto ... ... 4 40 to 48 0 disct.
Third ditto . ..... .. 4 40to 4 8 0 ditto
New ditto .
... .. 0120 to 14 0 ditto
Company's R
Sicca Rupees ditto
... ... 18 00to18 8 0 ditto
s. Four per Cent.... 17 0 0 to 17 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 ...
FlEl6lll'9.
London. Liverpool.
Sugar ... ... .£4 15 otos 17 6 .£4 10 oto4 12 6
Saltpetre ... 4luoto 4 12 6 4 50t04 10 0
Rice —• 4176 to 5 00 4100 to 4 12 6
Hides ... 4150t0 0 00 4 00to 4 50
Jute .: ... 4 00to4 50 4 00 to 000

ilaßwicsei:kces"i•ts.
Indigo .. 5 0 oto 5 0 0
To Mauritius.
:8-0) :oil:150-00;er bag, payable there.

To China.
Cotton ...
... Nominal.
Opium •-• ... 7-0-0 to 8 0-0 per chest.
During the last 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 Com-
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.

Steel—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 mat:L(ls Liverp Jul at Co.'s Rs. 98 per 100 maunds.
6,500 „ Pangs, ditto „ 103 If
6,000 „.
101

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 prices to
have ranged from Company's .Rs. 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.