The Sun.
London, England, 1846-10-30 00:00:00

MONEY MARKET.

The five per cent. linen which the Government agent
was supposed to have negotiated with Brown, Brothers
and Co., at the sailing of the last steamer, was not taken
by that house. Nor would the New York and Boston
banks take the loan at less than six per cent. Treasury
notes, bearing interest at five per cent., will probably be
issued as the readiest mode of obtaining the means of
carrying on the war, until the meeting of Congress.
Money is worth seven per cent. in Wall-street, on good
paper. The banks loan at six per cent. on sixty day
bills.
DISPATCHES FROM MAJOR •GENERAL Z.
TAYLOR, RECEIVED AT THE WAR-OFFICE.
Washington, Oct 11, 1846.

(No. 89).
Headquarters Army of Occupation.
Camp before Mxiterey, Sept. 22, 1846.
Sir,—l have the honour to report that the troops
under my command, including the mounted volunteers
from Texas, marched from Marin on the 18th, and en-
camped before Monterey on the 19th instant. It was
immediately discovered that the enemy occupied the
town in force, and had added greatly to its strength by
fortifying the approaches and commanding heights. A
close reconnoissance was made the same evening by the
officers of engineers on both flanks of the town, and it
was determined, from the information procured, to oc-
cupy the Saltillo road in rear of the town, carrying, ifprac-
ticable, the several fortified eminences in that direction.
The second division of regular troops and a portion of
Colonel Hays' regiment of mounted volunteers was
accordingly detached under Brigadier-General Worth
on this service, at noon on the 20th. A ten-
inch mortar and two twenty-four pounder howit-
zers were placed in battery during the night
to play upon the citadel and town. At seven o'clock
these guns opened and continued a deliberate fire, which
was returned. To create a still further diversion in fa-
vour of General Worth's movement, the remainder of
the force, except a camp guard, was displayed around
the centre and left of the town. The infantry and one
battery of the Ist division made a strong demonstration
on the left, and soon became so closely engaged that I
moved forward the volunteer division under Major Gen.
Butler to its support, leaving one battalion (Ist Ken-
tucky) to cover the mortar battery. A close contest
then ensued, which resulted in the capture of one strong
battery of four guns, which with some adjacent defences
our troops now occupy. A garrison was left to occupy
this position, and the remainder of the force returned
to camp.
In the meantime General Worth had engaged the
enemy early in the morning, and defeated him with
considerable loss. In the course of the day two of
the batteries in rear of the town were carried by
storming parties of the second division, and a third was
c irried this morning at dawn of day. The Bishop's
Palace occupied the only remaining height in rear of the
town, and is completely commanded by the works al-
ready carried. Gen. Worth's division occupies the Sal-
tillo road, and cuts off all succour or support from the
interior. I must reserve a more minute report of the
important operations of yesterday until those of the dif-
ferent Commanders are rendered, and also until a topo-
graphical sketch of the country can be prepared.
I regret to report that our successes have not been ob-
tained without severe loss, to be attributed in a good
measure to the ardour of the troops in pressing forward.
No returns of killed and wounded have yet been received,
nor is it known what corps of General Worth's division
have suffered most. In the other portion of the army
the Ist, 3rd and 4th regiments of infantry and regiment
of Tennessee volunteers have sustained the greatest loss.
The following is believed to be an accurate list of the
officers killed and wounded :
KILLED.

2d Infantry—Brevet Ist Lieutenant J. S. Woods,
(serving with Ist infantry.)
3d Infantry—Captain L. N. Morris, Captain G. P.
Field, Brevet Major P. N. Barbc ur, Ist Lieutenant and
Adjutant D. S. Irwin, 2d Lieutenant R. Hazlitt.
4th Infantry—l st Lieutenant and Adjutant C. Hoskins.
9th Infantry—Captain H. McKavett.
Maryland and Washington Battalion Volunteers—
Lieut.-Colonel W. H. Watson.