The Sun.
London, England, 1840-02-05 00:00:00

EVEN ENG EDIII lON'.

MONEY and COMMERCIAL NEWS.

CITY, T WEL T 7 F. 0' CL 0C K.
The following important Circular on the State of our
commercial relations with China, has just been received.
Captain Elliot Feems destined to bring disgrace on the En-
glish name in the East, and mismanage evcry transaction in
which he engages :

C031347aL CIRCULAR.—Ship Fort William.

Hong Kong Bay, Sept. 3.
Dear Sir.—We have had the pleasure of addressing you,
through our circular from Macao, under date of Aug. 24th,
wherein we informed you of the uncertainty of the British being
much longer permitted to remain at that settlement, in conse-
quence of the pi ivations and threats from the Chinese authorities
to which the Portuguese were becoming almost daily exposed
by our protracted residence among them, and that as a prepara-
tory step towards a removal, we had already sent our books on
shipboard for better security. New and threatening edicts
having shortly after been issued by the Commissioner, chiefly
directed against the British, a large body of troops having also
assembled in the vicinity, for the avowed purpose of expell-
ing the English, it became apparent that an early with-
drawal from slacao was necessary for their safety ; and ac-
cordingly on the 26th of August the whole of the British
community were embarked on board vessels in the Tyra,
with the intention of removing to this anchorage. 'hie
first use which this force was applied to was a joint attack
by the frigate's pennace, attended by the Superintendent's
yacht and a private armed schooner, upon three unoffending
junks, anchored in Couloon Bay, in the immediate neighbour-
hood of tke anchorage, on the alleged ground that they, by
their presence, deterred the country people from bringing down
fresh provisions for the fleet, which, after an irregular light of
some hours' duration, ended in disabling one of the junks, and
the loss of many Chinese, including a Madarin of rank. An act
of aggression, in as much as it was wholly unprovoked,
admits of no palliation, the object sought only not having been
obtained, but compelled to be relinquished, by the ultimate
retreat of the English before the Chinese. This affair excited,
as might be supposed, an universal feeling of regret and dis-
satisfaction, as calculated to excite the bad feelings of the na-
tives against us, and as leading to no possible good.
The setsond use to which her Majesty's ship Volage has been
appointed was that of imposing, at the requisition of her Ma-
jesty's Superintendent, a sudden blockade of the river and port
of Canton on the following grounds—( which appeared in last
Saturday's Paper).
On the 19th ins'ant it was resolved, by a large majority,
" That considering by public edicts all protection had been
withdrawn from us by the Chinese Government, supplies of
food stopped, and the vv.,ter on shore attempted to be poisoned,
considering also the severe and sanguinary orders issued against
our persons, and the menaced attacks on the fleet by fire ships,
we may consider ourselves on an enemy's coast, and many
policies of insurance effected in India and China, not covering
risks from acts of the Chinese Government, it was imperative
of the British merchants to consider the best means of placing
in better security the large fleet and immense amount
of property now assembled at the anchorage, pending
a reopening of the trade, and that a deputation
of Ihreo persons from the meeting now assembled
be akointed to confer with her Majesty's Superintendent and
the chaplain of her Majesty's ship Votage, on the subject;
and Ito enter 'generally on the precarious and extraordinary po-
sition in which our interests are placed by resent events.'
As one of the parties deputed, we regret to be compelled to
record that the interview was far from satisfactory (Captain
Elliott persisting that the interests at stake justified him
in withholding the full nature and objects of the alleged nego-
ciations, all that could be extracted from her Majesty's Super-
intendent was, that the object of the negot'ations was the
opeiling_ of the lawful trade outside the rogue • that the com-
munication was made direct from him to the Chinese Go-
.
velment, but that he does net consider it expedient at pre-
sent to-afford information as to the party through whom the
communication is made, or whether the Imperial Commis-
sioner acknowledges the existence of the negotiation.
Our own impression is, that the negotiation in question, or
rather overture for one, has been attempted through the Go-
vernor of Macao. This document is signed

BELL and COP.

THE FUNDS.

Consols opened this morning at the quotations they left off
yesterday, 9lh i for Money • 91i for the Account, with scarce
any business doing; Exchequer Bills 10-12 prem. ; India
Bonds par 2 6 prem. ; Bank Stock 1791; India Stock 249 250.
Most all the Foreign Exchanges were lower yesterday after-
noon, and a scarcity of bills prevailed in the market.

In the Foreign Market most of the prices are as they closed
yeSterday. Spanish Active shade better, 263 3 ; Passive, 63 -7,.;
'Dtiferred, 12i e; Portuguese, 341 5 ; Three-per-Cents., 231;
24; Columbian, 27i ; Mexican, 294 1; Dutch Two-and-a-
half pei• Cents., 521 i ; Five per Cents., 1001 101.
PatICES OF SHARES Thad DAY" AT ONE O'CLOCK.
Paid. ' Per Share.
British Iron Company
united Mexican (issued at 2/. pin.)
Bristol and Exeter Railway Company 4O 16
London and Birmingham Railway Company , 110 157
North Midland Railway Company 35
Ditto New lO 15%
Australasia Bank

Ditto New *11)
Union Bank of Australia
Aisam Company 5

6% 6

COURSE OF EXCHANGE YEzTiERII.AY.
......C.!''. 12 5
.........
Ditto. at sight /2 2 Lec•v_rorn ........
Rotterdam *) U. 12 5%1 .. ..
Antwerp..
419..•
H.Amburg.
1
........... ........ 12% :,„plea.., •

. ..... .
Paris, 3 days' 5ight........ t-25 40 - :rater-no ................pei 1.11. :•234
Ditta.,..... ........ ...3 Ms. I 5 70 1..i31,nn ~....... ..........,. 5,
Ws:elites.
Bourdeaux
Frankfort on Maims, E i.. M. 150% 13aPi4...........—..................... V 6
PcsPrshusgh, ruble... 3 Us. 37h Stsen.-.I Ayics .................... —,
Berlin
Vienna, effective ii... 3 M 10 5 phija,k.oria ~... ~..,... in
rritsto ditto !0 7 rttiC"...'. sit 8Z.A.L.L...? N._pe. OZ•
Madrid 36,4 eortu,a. I iv-21, z9tn.......tfl p. 4
Cadiz..... 3O • 1 ry.T.gri (4..1 ..• cmie.„ ,1. ;
Gilboa ..... - Il r 0
Bnrcelana
tkville 'A Sliver _.. i. 171 .{....••.... CI 0 0
lIALF-PAST ONE.
We ;have received accounts from the Brazils, though not of
a later date than previously received. They possess some
interest :

" The last news from Santa-Catharina is to the 17th No--
vember, stating that the advanced guard of t he rebels bad been
defeated at Eneantaila, by the forces of Colonel Fernando,
who already occupicti Villanora, and Morio de Jacque, which is
one league from Laguna.
Nothing of importance had taken place at Rio Grande and
Porto- A llegre.
The Augsburg Gazette has accounts from Constantinople
that Prince Kamram of llerat, celebrated for the defence of
his capital against the Persians, has acknowledged the supre-
macy'of the Shah of PerAia.

LIVERPOOL COTTON MARKET, TUESDAY.—The sales to-
day are 2,500 bags, at our last quotations.
Owing to there having been so few arrivals this morning, and
no Colonial news of consequence, little business has been done
in the British market, and Consols .nay be quoted as in the
early part of the day, 91* a for the Account ; for Money 9l %;
Exchequer Bills 10 12 prem. ; India Bonds 3 prem. par. ;
Bank /Stock, 178,1 India Stock, 249 k.
In the Foreign Market the only transaction worth noticing
is Spanish Active, which has improved in consequence of their
coming higher from Paris, and may be quoted at 26k 4 ; De-
ferred, 12k ; Portuguese, 34 35 ; Three per Cents., 234;
Colombian, 27a ; Mexican, 29 ; Dutch Two-and-a-Half per
Cents. nothing done ; Five per Cents, 100 g.
Money not quite so plentiful this morning in the House, bet,
out of it easy.

CLOSING PRICES.
sztrristi FUNDS
Rank Stock 17814 India Stack 249%
3 per Cent Ned 9I % Ditto Bonds
3 1 :,r Cent Cciv. (ll%' Ditto Old Annuities --
3!,4 per Cent, Rcd -
New 31,4 per Cent ,9 4:3,;. Billy, I MU/ 'A 12 10'
Nen, 5 per Cent — I Ditto , 500/ --_.......1L' PI

n;
Long Annuities to expire I Ditto Smat I
Jan. 1!;:f;' 1 -
Oct 1559
Jan ISCO .....

FORERIN FUNDS
Austrian, 5 per cent — Portuguese Bonds, sper cent. —^ ,
Belgian, 5r 2; cent — Ditto, New Ditto
Brazilian Bonds ' Prussian, 5 per cent ,,
BUCIIO3 Ayres, 6 per cent — Russian Bonds, 5 par cent....114N
(Milian, 6 rer cen4 — Ditto, Metallic -
Colcmh:a»' 6 per cent 25 Spanish, 5 per cent --_,
Ditto, '524 — Ditto, Deferred
Danish, 3 pe; ma' ... 7714 Frenen, sper cent. —f.---e
Greek Bo •
~N!,. i 52,% fine,: c.;. Exchange —f. --c Me:, icak, 5,7 r cent. -
Di.--to,(i •ler i.csif6., 1825 — Dutch, 214 par cent. 50
Pei a 7il-".” '525;G per cent 165 Ditto, 5 per cent. 101134

SEA

Iristol and Exeter
Eastern Counties Hallway
Great Western Ca•lwav . l7
Ditto New Shaves..
London and Eri:,,htoit its i iwty...
London and Bla::kwall Ilvilwav
London and Birmingnam railway ILI
Ditto Quarter Shares ..
Ditto New Share•
North Midland [1 ;ilwav
Ditto New Shr_res

IZ%.